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101  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: October 22, 2021, 03:34:49 PM
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
I suggest you to invest bitcoin. It is not being named as a father of cryptocurrency without nothing. It has a real value since people use this. It is use to trade, speculate, transact or use as a form of collateral for lending or borrowing, it ends up becoming valuable. Well, if Bitcoin has no value, will someone can use it? As for me, everything here is very clear, if people invest, then there is a price. If some people believes in it because they get rich through this then, it means it is valuable, simple as that. Maybe bitcoin possibly have a high risk but if you have lots of knowledge about the market and Bitcoin, well, it would be easy for you.
102  Economy / Economics / Re: Really, why bitcoin has this value? on: October 22, 2021, 01:35:01 PM
At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Currencies have value because they can function as a store of value and a unit of exchange. Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand. The reason why bitcoin has value is because it is a very good currency for investment. Currencies have value like bitcoin because of the people who are still using it. Bitcoin is a currency but it does not belong to any government or country but, honestly speaking, it belongs to everyone. When everyone wants to use it to trade, speculate, transact or use as a form of collateral for lending/ borrowing, it ends up becoming valuable. Bitcoin became valuable because of the people believes in it, trust this and still using this. In short, Bitcoin has value because people think it does. They believe that it would be similar to gold in the future.
103  Economy / Trading Discussion / Re: Steps before getting into trading on: October 22, 2021, 11:01:38 AM
What are the first few steps before getting into trading?
Before getting into trading, it is very important that you have the knowledge and you know everything in the market. If you already know it and have the knowledge about it, understand what is trading all about. It is very important that you will listen to an expert before trading for you to understand what the do's and dont's in cryptocurrency and for you to know all the risks you might possibly face when you start trading.
104  Economy / Trading Discussion / Re: Technical Analysis of Bitcoin on: October 22, 2021, 08:35:23 AM

The price of Bitcoin is currently at prices higher than 60,000 dollars and everyone now seems to be interested again investing in Bitcoin. The Fear Of Missing Out (FOMO) is real. I will be dropping daily technical analysis of the Bitcoin using various timeframes of the Bitcoin charts in other to help fellow merchants of Bitcoin make precise predictions of price and make profit in the process.


Well, what we could expect to Bitcoin? It is being called the father of crypto's without nothing. It is not surprising that Bitcoin will increase higher as what we expected and increase more in the future. Actually, I am not an expert on this but as I observe Bitcoin, there is a possibility to grow more and obviously still gaining strength to pump again. It is very important that we will be stay updated on the market because we can't predict what will happen to the future.
105  Economy / Economics / Re: What are common arguments for Bitcoin? on: October 22, 2021, 06:21:30 AM
What should new investors know about Bitcoin?
What investors should know is that Bitcoin is not a get-rich quick scheme, rather the purpose of this is to help you to have an income and sustain your daily needs. Although there are lots of investors became rich because of Bitcoin but it doesn't mean your like them, you need a lot of knowledge and be updated because it's best to study and know bitcoin further before becoming like them and especially you need to expect a lot of risks in it and learn through it.
106  Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today? on: October 22, 2021, 04:58:50 AM
Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret  in save location, these will help in recovering the wallet.

Literally bitcoin details remain secret and personal to me. If I continue to keep my details secret of what use would it be to me when I’m no more and my love ones can’t benefit from my bitcoin? Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?

If you die today, your bitcoin will remain in your wallet. Yes, it will be forever left in your wallet if you die especially if you didn't give your child a private key to pass your bitcoin. But if you will give your child the responsibility to access your account then your child will inherit bitcoin and not be burried on your wallet forever. Your child may earn through this to help your family.
107  Economy / Trading Discussion / Re: At what Bitcoin price do you think altseason will start? on: October 22, 2021, 12:33:26 AM
Hi guys

Usually Bitcoin significantly pulls up the alts at some key level. What do you think will be the level this time?

Would be curious to hear opinions!

Best, Peter
I don't think it will depend on price, it depends on how market or charts end up forming up. Normally when Bitcoin price goes up, altcoins will goes up as well. If we look at the past, we can see alts follow BTC after some time. But, we can't predict what will going to happen in the future or else the next day, all we have to do is to stay updated and learn for all your experiences.
108  Economy / Gambling discussion / Re: Dice machine on: October 21, 2021, 10:41:23 PM
Dice have been one of my favorite gambling game and am thinking of installing a dicing machine in my home just for fun, my 17 years old son is good in playing computer games and am thinking of introducing him to gambling after all he is going to learn it whatever ways if I don't teach him how to handle gambling risk and avoid being addicted. The need to have a dicing machine at home becomes paramount and am wondering which dice machine I can go for?

Just teach yourself child about the game and don't feed him that it can be used on gambling bets like a household game involving money. Eventually if he'd able to determine that it can be enjoyed with the presence of money, that's the time addiction comes in which couldn't be controlled. Young people is vulnerable on this field, but taking gambling games as a form of fun games I guess it won't make us drowned when money isn't a part of it.
109  Bitcoin / Bitcoin Discussion / Re: What if stop believing about bitcoin ? on: October 21, 2021, 06:22:16 AM
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
It is too impossible that people will stop believing in bitcoin since they use it for so many years. Bitcoin became their source of income and can help them financially stable. It's too difficult on stop believing bitcoin since it is already very popular to some countries. Some of the countries accepts bitcoin and treat it as part of their daily living that's why it's too impossible. I guess it will be more popular when years passed by than stop believing on it.
110  Bitcoin / Bitcoin Discussion / Re: Will Cryptocurrency be a Global Currency in the Future? on: October 21, 2021, 02:10:29 AM
Yes, It can be expected that cryptocurrency will be a Global currency in the future.
 The BTC will be the father coin and there will be a lot of sub coins.
 Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

It is possible that maybe BTC could be a global currency in the future. As we observed nowadays, technology is developing or improving that would be the best solution to gain or earn. From the level of widespread adoption and acceptance it is easy to presume such things to happen. But, let's not forget the growing popularity in cryptocurrency that BTC was the main head and father of all cryptocurrencies. So if there's such thing or cryptocurrency that is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.
111  Economy / Trading Discussion / Re: Is it too late to buy? on: October 20, 2021, 11:17:32 PM
The dip a couple of days ago was beautiful but unfortunately I didn't take advantage as much as I should have. Is right now I bad time to go in? Should I wait for another dip? Thinking of getting several coins. Goal is very short time investment.
When the market experiences downfall, it's good to buy the coins at low prices and hold them, but if we miss that moment then all we need to do is to wait if you cannot bought any potential coin to sell during increasing of prices. That's why we need to be updated of the market because prices goes up and down anytime. Try to familiarize everything in the market especially on when do you need to buy or sell them, perfect timing is the key.
112  Economy / Trading Discussion / Re: Trading Cryptocurrency for 1 Week! on: October 20, 2021, 10:08:40 PM
https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.
One week is actually enough to make profit as long as you can analyze which coins are trending and hype. If you are a day trading then I guess 1 week is already enough for you to take profit. Other's may take a long run because they didn't reach their target yet. As long as you're holding potential coins, a week or two would be enough already for you to take profit, but of course, you should have need to know how to deal with the market first. Knowing the market and how it will run will give you an easy trading. Just keep learning and getting a lot of experiences because market is immeasurable in terms of experiences and skills.
113  Economy / Economics / Re: Will circular economy work ? on: October 20, 2021, 02:51:41 PM
Will circular economy work ?

The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. In this way, the life cycle of products is extended.

In practice, it implies reducing waste to a minimum....
https://www.europarl.europa.eu/news/en/headlines/economy/20151201STO05603/circular-economy-definition-importance-and-benefits
For me, it will possibly work, this could help minimize wastage. Maybe some other people won't use this for their own safety purposes. When using this, we must have to make sure that the former owner didn't misuse the product in a way that it will cause harm to you or else to others. Before using it, you must have to make sure that it was safe and it all clean. But, I guess not all are using this because they are afraid of their safety issues.
114  Economy / Trading Discussion / Re: Stop lose trading feature on: October 20, 2021, 07:27:59 AM
I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.
Yes, that's what you need. Stop loss is a good tool, especially when you are away from the charts. But, I suggest you to try manual trading for now. Learning stop loss feature can be done later on. But, if you are already struggling to trade manually then it's time for you to use stop loss. It is a good thing to cut your losses and can surely earn.
115  Economy / Economics / Re: Elon musk now the richest man in earth on: October 19, 2021, 09:32:58 PM
Quote
Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.





Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin Roll Eyes So what do you think?
He can surely sustain as being the richest in the world but the question is, Can he surely maintain his position? Well, nobody really stays at the top forever, as time goes on things begins to change. There was a time when nobody knows who Elon Musk is, and it was like he’s not even existing. Just like how Bill Gates exist as the richest man in the world, I thought that time he's going to retain his position but, it then happened that Jeff Bezos became the world richest man and right now, out of nowhere came Elon Musk. So that's how it's going to be when time goes by, someone will still take his position. Maybe, he won't stay like this forever but one thing is for sure, he will be put down as one of the greatest in history that will surely praise and become an inspiration to the future generation.
116  Economy / Trading Discussion / Re: I need to learn techincal Analysis? on: October 19, 2021, 12:38:20 PM
Learning how to trade before investing your money is very important as that will help you to make not just informed trading decision but decision that at the end of the day you will smile when login to your exchange account. Technical analysis will not only be enough but you will have learn the fundamental forces that do influence the market movement over time.
Technical analysis, Fundamental analysis, Risk management, price action are essential for the trader. If anyone wants to do good in trade, He must be know all of those. It's not so easy to do learn all of them. For this need, a lot of patients, need to do hard work and a good journal. technical Analysis does not provide 100% safety for a trade, but it helps to do take the next trade. You can able to learn from mistakes with the help of technical analysis.

However, To learn Techincal Analysis I suggest of to OP follow this link: https://www.youtube.com/watch?v=f_Fju2Hb7zs&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=17
Most of the time I suggest people this link because I also learned to form this and still learning.
Technical Analysis is not always 100% effective but still you can earn. You don't necessarily need to learn Technical Analysis for investing, as it's mostly for trading. With investing, they just depend on the asset where they can think its good for them to invest and they can surely earn, maybe it's business, stocks or else cryptocurrency. I am pretty sure there's a lot of successful investors here that doesn't even do technical analysis, they are just really good in picking things to invest. But, TA is still good for it can identify trading opportunities in price trends and patterns seen on charts and can surely give you profit.
117  Economy / Trading Discussion / Re: I need to learn techincal Analysis? on: October 16, 2021, 11:42:22 PM
I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

If you wanted to understand the market, do an actual trading and don't just rely on theoritical aspects. Some of teachings will always thought us profit gaining and not realistic trading. The real world never promised 100% returns, but that depends on your analysis and knowledge on how to handle circumstances that might be encountered in trading cryptocurrency. Engaging also with different groups that give you advice should be determined through several experiences from other traders.
118  Economy / Economics / Re: Elon musk now the richest man in earth on: October 16, 2021, 10:56:27 PM
Elon Musk would sustain to be one of the richest man in the world same with Bill Gates was, and despite challenges he had faced I think he'd able to manage those barnacles.
However, he couldn't overtake the richest of Bill Gates because he's the top one of all of them but that's not impossible if Elon's projects will soon take off to it's most potential. We don't know how long it will take, that depends on current progress and I believed cryptocurrency who's backed up by this man would also soar someday.
119  Bitcoin / Bitcoin Discussion / Re: What do you think will happen to the price when all the bitcoins are mined? on: October 16, 2021, 08:07:13 AM
The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?

Global economy will still become stronger because there's a lot of support pillars which trades Bitcoin along with usdt. There's a possibility that btc price will become more in demand after 10 years but thinking of mining everything , well that's not possible for single person. Probably for different anonymous individuals that had a capabilities to do it.
120  Bitcoin / Bitcoin Discussion / Re: ***BREAKING *** Bitcoin ETF is approved on: October 15, 2021, 11:40:06 PM
On that side of the story, we should be grateful for what Bitcoin has achieved right now. This could probably attract more upcoming investors as well as holders to keep their strong faith towards cryptocurrency.
Our community has been doing great, and I believed someday we will be experiencing more profitable gains that we never expected in our whole life. Let's keep going and don't ever give up with our determination to meet our goals.
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