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1021  Alternate cryptocurrencies / Altcoin Discussion / Re: Should i invest in this project or not on: September 23, 2023, 05:04:51 PM
I have to close the site Bubblebot.finance because I'm getting a warning from my anti-virus, I don't trust bots because it is contract based and there is a risk with these bots if you check

 https://coinmarketcap.com/currencies/unibot-eth/ There is a warning on this token-based bot.
There are so many projects that are risky and yet people try to promote them for some reason. It doesn't have to be like owners or creators, it doesn't even have to be someone that is getting paid to shill like this neither, it could literally be just someone who is curious about it, but even that's not alright, because why would you be curious about something that is so risky?

There are so many coins and tokens to choose from and why would you want to take a risk like this at all? I would understand if it was a limited amount, like you have to pick one, but there are tens of thousands of coins and tokens out there, which is the most important part of it all, and should be very big deal.
1022  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 23, 2023, 03:43:24 PM
Now England team has finished their batting and they performed brilliant in this match. In this ODI series, England seems to be very strong, and if first match completd there would have been 90% chance of England winning. Checking out score summary of this match England set a challenging target of 334 runs in 50 overs and losing 8 wickets for Ireland team. They have put a lot of pressure on Ireland team and their bowling performance not be going good. It looks that Ireland face difficulties to chase down this target. The match is currently in a break and after some time it will continue. Now let's see Ireland chase down this target or not?
A completely useless series for the both sides with England is playing their bench strength in this match which done good job in batting and have huge target for the Ireland but they is badly struggling in early overs and things are looking not favourable for them as well after losing 5 wickets inside 20 overs.

But from here few Irish players can do better for their own records because big target, and they have enough time for giving their best against this average English bowling side which is having no good experience of International cricket but these both Irish batsmen can create some entertainment form their batting as they have already done this in past as well against big teams.
1023  Economy / Speculation / Re: BITCOIN HALVING COUNTDOWN IS ON – WILL CRYPTO PRICES RISE? on: September 23, 2023, 02:41:02 PM
The halving is highly anticipated by many bitcoin holders because they have many high hopes, whether it is approaching the halving or after the halving. I remember during the last Halving where they expected prices to rise when the halving occurred but in fact it happened after 1 year later. Even so, Halving is always the most anticipated moment because it occurs once every 4 years.
Because in the previous halving everyone has seen how people can make a profit through Bitcoin, it makes sense for everyone to look forward to the next halving next year and hope that it will be very different from the previous halving. Especially in terms of getting better profits because so far almost everyone has seen and felt the price correction in Bitcoin so that next year there are many people who are pinning their hopes on better returns through the halving moment.
That's called experience, we all gained experience with nearly 3 halvings that were identical so people started to expect the same from this one as well. It's not really a bad idea, it could be considered a good thing if you use it in a smart way as well.

I personally believe that it's a good deal to keep it until the halving because it's obvious that we are going to end up with a good result from this. I get that many people think that what if history doesn't repeat itself but I think it will, it shouldn't be a problem. I get that suspicion is a good thing in the crypto world but not in this case because it would be causing trouble more than helping it if we keep doubting what we can do with bitcoin if we just trust it.
1024  Economy / Speculation / Re: A Simple Reason Why Bitcoin and Crypto Prices Must Fall to Zero on: September 23, 2023, 08:32:10 AM
So basically, you trash talk about an item that people actually use for non-speculative purposes and sweet talk about an item that has only speculative purpose. How that makes me wrong?
So basically, I talk about that an item that has 93% speculative purposes have no advantage over an item with 100% speculative purposes. especially since this 7% appeared in the last 50-100 years, and without it (i.e. also 100% speculative purposes) it held value for 2,500 years.
But how that changes the fact that gold has non-speculative use, while crypto coins don't? Literally everyone can create items that only have speculative use. Hence the inflation of cryptocurrencies - there are more than 20K of them. You just write a computer program, some protocols and voila ... you print crypto coins out of the blue . The catch is of course that no one can use those coins for anything except dumping them on the greater fool. How that has advantage over something that has actual, non-speculative use? It doesn't. You live in the fantasy word. You try to convince me that useful things don't have advantage over useless ones. Crazy.
Gold is as speculative as crypto, there are few stuff that we can use gold for, but the price is not high as it is right now because of using it, that's not the main reason for gold to be purchased by people, they buy it as an asset and that's the main reason.

I think it is quite important to make sure that we are dealing with something that would make sense and for that to happen we need to end up with something that would make sense on the long run. Hopefully we could see it change on the long run but I doubt that it would, it is going to be pretty similar. Bitcoin is here at the same exact reason as why we have gold so it is not really that much of a shocking result neither to have it this way and be similar to each other.
1025  Economy / Speculation / Re: Will Elon Musk keep what he said or not? on: September 23, 2023, 07:16:24 AM
Besides would Tesla accepting bitcoin again change anything at all? If Amazon accepted bitcoin that would be a game changer as literally overnight we will be able to use our bitcoin to buy in one of the biggest centralized marketplaces that exist with millions of products, but when it comes to Tesla what else do they have to sell other than overpriced cars? To me it makes no difference if they accept bitcoin or not, and I am sure many other people are in the exact same position.
I doubt that they will accept bitcoin again, I mean they did if I'm not mistaken, but suddenly, Elon change his stance and go against bitcoin and then uses Doge as another crypto to hype and that's what happen.

And then later we find out that he sold or at least his company sell their stash of bitcoin in order to buy Twitter this year. Anyone, for me Elon is just a foregone conclusion in bitcoin, and we shouldn't trust this guy again as he has his own narrative behind his so called pro-Bitcoin stance years ago.
To be fair that wasn't really a bad decision, if you are going to end up selling your bitcoins to purchase something as huge as twitter, that is a good decision to make and I wouldn't be against that to be fair.

However, he ended up making the company a lot worse and that does sound like there is a little bit of a problem with it. I get that we are talking about a huge company and it's definitely a strong candidate but that doesn't mean that we have to consider the purchase good automatically, because he ended up buying the company to make them worse which results with making that a bad purchase. If he sold his coins and bought twitter and made it a great company that is profiting insanely well then I would have understood it.
1026  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How did Ripple (XRP) become so popular and blow up in price? on: September 22, 2023, 01:29:45 PM
It was indeed popular because of its long issue against the SEC but despite the situation that the team had faced, they still managed to become strong and retain their users and investors. I don't know what makes it special but still, many people keep holding and waiting for its bullish prices. I'm not sure but for me, I'd never see XRP as a profitable investment because I've tried accumulating some, but unfortunately, never see huge changes on my wallet as it was almost the same at the time I bought it. So I decided to sell them and buy other coins rather than holding XRP.
Even before the SEC issue came, XRP is already popular. The team needs to be strong because they know that a lot of people are rooting about it. XRP is special for having a cheap fee when transacting and its speed were also fast. Another thing would be is it was supported by the banks.

This is why me and others think that XRP can still rise more. Also if you are early to invest on it, you are already reaping its benefits. You only need to have a patience now that we are on a long-term bear but it's sad to hear that you already switch out on other coins. Well it was still your money not ours so feel free to do what you want with it. Good luck.
1027  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Low cap altcoins best for rising price? on: September 22, 2023, 09:45:32 AM
Are you collecting low cap altcoins for the bull market? It sounds like you think low cap altcoins can easily make 100x profits. I don't think so and even if the supply of a good quality project is high then you will get good profit there. Many new investors tend to follow supply more. You should know that there are many low cap altcoins that can't even sail the market in bull seas.
If a token is listed on a good exchange like Binance, Coinbase but currently has a very low market cap, there is a high probability that those tokens will be pumped high. So investing in them can be a logical direction. Investing in coins with low market cap is more profitable than investing in coins or tokens with already has high market cap. When the market conditions are good, those low cap tokens will pump multiple times and high cap will gain. However, those tokens must be listed on a good exchange
I would guess the opposite, if a coin/token is listed at those big places and still do not have high volume then it means it is not going to get any, and will probably be delisted as well which is the end of the route for any project. If you get listed that is great, that should increase the volume a lot, specially at those huge name places, but if you still fail to get any attention then you are going to be something people will soon forget.

I personally hope that people could get better attention to low cap stuff, most of them are just pure shitcoins, even if they are listed there, because just getting listed there doesn't make you any less shitcoin, it just makes you one with some money that can pay for it.
1028  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT, USDC, DAI? on: September 22, 2023, 09:04:09 AM
Trust is the elephant in the room. Does Ledger, Trezor, or multi-signature technology deserve our trust? You seem to be trying to eliminate trust by adding security layers. Can you ever be safe in the cryptocurrency wild west?

Dont even mention Ethereum. I agree; smart contracts are time bombs. Not "if" but "when" they'll fail. How could anyone trust Genosis secure when its reputation is no better than Ledger or Trezor?

Why store in USDC, DAI, and USDT when you can convert to USD and bank it? You state your country bans cryptocurrency trading. Well, theres your sign that maybe, just maybe, the powers that be know something you dont.
By that logic why keep your money in the bank? Government could takeover all of it and consider it as theirs to cover expenses of a crash, which they have done in a few nations. They had one in Cyprus if I am not wrong where they took the money right out of your bank account if it was more than a certain amount, to pay for something, I do not remember what it was.

So all in all we have to realize that it is not going to be easy to fully trust anything, what if you get gold and put it in a bank vault? You may get it stolen, who knows? Or what if you get banknotes and put it in a safe at your house? Could be stolen there too. All in all, if you want to look for the impossible, you are going to find it everywhere you look.
1029  Economy / Gambling discussion / Re: Possible measures to stop online gambling addiction. on: September 22, 2023, 08:06:03 AM
But we as users can prevent ourselves from experiencing fraud and one of them is looking for casino sites on this forum. It would be better than searching for casinos that are out there, especially from search engines. And if we really want to stop gambling or reduce our gambling addiction, we must continue to try to avoid seeing advertisements that will appear when we are online. Maybe we can limit ourselves to browsing the internet and activate the features in our browsers or social media so that we don't see casino advertisements. It is true that the government will find it difficult to block these new and old casinos, but we must try not to just rely on the government. We must be responsible for what we do and if that means we really want to stop gambling, we must be able to avoid everything related to gambling and have an activity to divert our attention from gambling.
Blocking all the advertising related to casinos while you are online seems like an impossible task, we must not forget that companies like Google or Facebook track your activity online, and if you have shown on the past a great deal of interest on gambling you can be sure they are going to serve you those ads hoping you click on them.

And while there is nothing wrong with that when you are a regular gambler, if you want to leave gambling behind each ad that you see will tempt you to go back to your old ways, and given enough time it will happen.
For Google, when I clear my browser's cookies and history, I won't get an ad anymore related to what I previously searched. We can also hard reset our gadgets if that didn't work. For Facebook, maybe there is a settings about how we see an ad or related to our activity. There should be an option of clearing them and that should be able to fix things, however there is no way to completely stop seeing gambling contents.

Even if you say to quit being online, you can still see them one day on the TV, radio, newspapers, etc... It was only an ad anyway. It shouldn't be totally tempting than if you are already inside the casino, so we shouldn't worry too much.
1030  Economy / Gambling discussion / Re: When the fun stops on: September 22, 2023, 07:23:29 AM
I believe that most people end up messing themselves up with gambling because to them everything is money, money, money, and this can stop your brain from becoming a responsible gambler, the sense of protecting yourself from gambling addiction can get lost if you are already not having fun with gambling anymore.
No, the primary purpose of gambling is to provide us entertainment. The profit that we can get is only a bonus but people treat it the other way around. Not all times life is hard and even if it occurs, money isn't always the solution for it but there can be other things too. Many of us are busy but there must still be that little time left where we can squeeze gambling in.

We can also play gambling automatically either by using a bot or by the in-game autobet feature but the ones that mostly use it are the people who only want to earn a profit out of it. When they win and they successfully multiply their money, that is their definition of being entertained.
1031  Economy / Trading Discussion / Re: HOW DO YOU MAKE MONEY WITH LESS MONEY? on: September 22, 2023, 06:55:58 AM
Without reducing my respect for meme coin products, what you suggest is very risky in my opinion.

Why not just do it slowly and steadily. By that I mean making consistent investments or purchases over several months in one or 2 coins. Or trade futures with SL and TP. The process may be a bit slow and tedious, but it is much safer and does not seem reckless in managing funds.
Because, there are a lot of people who actually think that's a good idea. I do not understand why they think like that but they do and that's the issue. I hope that people could lose that type of idea and start investing smartly like you suggested but not a lot of people do that.

This is why it's smarter to have a solution that would be a lot better for those people. They may not be agreeing to getting bitcoin slowly and accumulating enough that they will be rich in a few decades, which is a good and easy way of getting richer, but they should not go for x10 doge or something like that neither, which is why plenty of people working to find what's the middle of those two in order to help these people out about profiting.
1032  Economy / Trading Discussion / Re: Trading bots... do they work? on: September 22, 2023, 05:38:23 AM
This is a good idea we know already when Elon musk makes a move with their favorite coins people keep buying and the market pumps immediately but still there's a possible condition we know how does the market makes manipulations, better if the bot or the programmer itself makes a good statement that must need to verify the percentage of the pump, I don't know if its possible they can make a TA in the code to identify for the TP/SL if the pattern satisfied the condition.
In case with Elon and DOGE the percentage of the pump is always high in the momentum. So if we need to have an automated bot then we can just lower TP for like 1-3%. This should work for sure and at the same time with a reasonable leverage it should give a good profit. But I'm not sure about pump verification as it takes seconds after the tweet to get the price pumped which can only be caught with the automated bot.

Does anyone know if there is any no-code platform that may help to create a bot like this? I'm curious to try this strategy. I don't have any tech skills but the settings doesn't seem complicated.
I would guess if you make it based on the movement and not the tweet then you are going to end up with a horrible result. It could go up a bit even daily and that would mean that you are going to buy something without Elon ever tweeting about.

I believe that if you want to do something like that, a 10% increase at least should be the way to go, and then manage it to sell if it goes 100% as well. That would be a bit better, still not really smart and there should be a bot that reads Elon's tweets and check for any word of doge happens to be in it or not, he could say something bad too which would mean that you are going to buy when he said something bad, but at the very least it would be better than just volatility.
1033  Economy / Trading Discussion / Re: Does monitor size affect trading? on: September 21, 2023, 07:18:10 PM
It is for professional and experienced traders who know exactly what they are looking for. They don't let emotion affects their decisions like newbie traders and they focus on some indicators, information they see fit. Unlike newbie traders, who read many useless information, over attach many indicators on their charts that all together affect their thinking about the market and movement of a coin. With newbie traders, more screens, more emotion, more bad decisions.
I don't fancy TV screen of traders, most of them are doing show off with the blue and purple colours just to impress people that they are really making money mean while, they don't have anything to show in their portfolio at the very end of the day. Trading is not by big screen or curve monitor for impression, it is the amount of money you make at the end of the day that matters a lot. Imagine showing curvy big screen and then you have lots of losses on your trading history.

It's good to upgrade your trading desk but I think finding a way to win traded and master them should be utmost priority, if you learnt that quickly and master your own technics and skills, then designed and upgrade can follow because by then, money will be there to enjoy and the live the passionated life you always wanted.
That is true, there is really no need for that at all and most of it is just for show off nothing more. Any trader would know that there is no need for anything like that, any random screen would do. Hell people do it with their iphones, why would they need a big screen. But even for chart reading, any decent monitor would do, I mean decent because of course you shouldn't use those old style ones, but anything even with a laptop would be fine, you could do it fine.

There are small laptops that you can use, and can carry in your hands, they are not big, and they would be enough. Would it hurt to have multiple giant screens? Of course not, I am not saying they are bad, I am just saying that they are not needed.
1034  Economy / Speculation / Re: Challenging the lows, 25.5k and lower possible break here on: September 21, 2023, 06:09:19 PM
Looking back, yeah we did reach $27k again, unfortunately, it was just short live again as there are speculators who might have sold around the figures to make profits. As for the Blackrock ETF, most likely it will be next year that we will either see a big news or not.

Hopefully, we can get the approvals already so that it can also help a lot in the big bull run that everyone is expecting next year. To the point that the prediction is a conservative 6 digits in the beginning of the run.
I would guess that we are trying if it is the time or not yet, and that is why we get higher and then go lower. I understand that there is this type of feeling where everyone wants to already see it go up, but for that to happen we need to all buy, and we do not all buy at the same period, I do not mean like same hour, but not even same week.

So some people get hyped and buy, make it go up, and then we end up seeing it change a bit as well, I feel like if others do not join them, it is not going to happen as something that is better. We just have to understand that bull run happens when there are millions of people willing to buy daily, when it happens once with a small increase and doesn't happen again later on, that doesn't really change.
1035  Economy / Speculation / Re: How do you suggest I handle incorrect price predictions? on: September 21, 2023, 05:39:30 PM
Maybe some outcome has been predicted but not always since no guarantee at all that the insights we get is accurate so there are times that we are lucky and our predictions got hit but still we must be aware that turn of events came and unexpected scenarios will happen. Although market is unpredictable we should do more research about so that atleast we can understand how the market moves in different direction so that we might get a high chance to gain especially when same scenario upon trading comes.
That is the biggest peeve I have in the crypto market. There are people who end up with a few good results and they end up thinking that they will get all correct trades all year long, which we all know that won't happen. They keep claiming they are amazing at trades because they had a few good results, and that should not be the case at all.

I feel like the best way to go would be making sure that it is going to end up with a result that will end up with a loss one way or another. I hope that it can get to a better point, but that doesn't mean that we are going to end up with a result that is good all the time because we just had a few. We should consider that as a low level chance and not a big possibility.
1036  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: September 21, 2023, 05:02:24 PM
Some of us and indeed in general, profit is always the main goal of what we are aiming for, which means it is true that selling in the low area is a mistake.

Selling bitcoin according to your analysis plan is the best decision, and I think all investors will also definitely take the same action because again profit is always our main goal here. Now therefore it is very important to pay attention before you jump in there you have to prepare money that will not be used by other needs, or in essence you have full responsibility for whatever happens to your money later, with that I am sure you will not feel too pressured by all the price fluctuations that occur there, and with that it will be calmer to do a long-term hold, but yes even so if there is an urgent need as you said then even though they get a low price it is very likely that you will still sell it, there is no other solution than that and it is natural that they do it. 
That is definitely the way to go, it allows you to make as much profit as you possibly could from it. I understand that it is not going to be easy or anything like that, but it is definitely possible to make it happen. I personally hope for the best in order to make as much profit as possible but that doesn't mean that it will be possible for a long term to not face any difficulties neither.

When you face a difficulty like that, the best thing to do would be ignoring them and focusing on your strategy, do not change up just because you see some changes, or if you have something ready for them use that, but do not suddenly get scared and sell just because it went down. That's a wrong move without a doubt.
1037  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs. the Dollar (Traditional Money vs. Digital Innovation) on: September 21, 2023, 03:24:00 PM
The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?
I think that it happens due to the fact that at the moment both currency systems are global, so they are rival, BTC is quite hard to use for direct purchases (especially for small everyday purchases) while dollar is highly centralised, strictly controlled by "the few richest" and is vulnerable to inflation. So this rivalry is visible if you take a look at BTC and USD price fluctuations. Also, in case of dollar inflation there is a chance to save money via cryptocurrencies (however, only a chance, not guarantee)...
I would say that they both have their places and they could co-exist together. I understand that some people may not like that, but I feel like it can be done and we are going to end up being a lot better on the long term. Think about it this way, if we could end up with something that will make a lot of profit, why wouldn't we do that?

We would be able to use them both at the places they are good at and we should be able to make a profit based on that. This will allow the situation to grow a lot bigger and could be important on the long run as well. I know that life is not that simple, and we could end up with a situation that is a bit more specialized based on what you are going to do, and then use that one.
1038  Economy / Service Discussion / Re: Notable apps that can accept BTC for premium subscription packages. on: September 21, 2023, 02:41:09 PM
I've use BTC to pay for VPS services and also VPN few times before and if you are looking for more you should get bit refill app on your phone, you can buy many things through this app, from gift cards to airtimes and even pay your bills like electricity bills and other.

I've also use this app to get eSIM, they Algeria, Australia and also Global too, they have access to cool hotel offers, like bonus offers, I don't think anything matches the level of this app, they accept BTC, USDT, and some other altcoins too.

Most VPN services now have crypto payment options and I believe in time many other services will start accepting Bitcoin and others too, it's a slow but steady journey, we will get there some day.
That is actually making some sense, if you want to use VPN that means you want to hide where you go from your ISP and that means if you like to pay with crypto that would be another way of hiding it as well instead of giving your full credit card information which has your name on it.

This type of stuff makes sense, this is why I always suggest that crypto is great for online payments, because you can hide who you are, and I do not mean online like you buy something for your house, that will be shipped and need your name, I mean digital stuff, even including ebooks. That way you get something digitally, a product or a service, and do not have to share your personal information at all while buying it.
1039  Bitcoin / Bitcoin Discussion / Re: Not banned, yet not accepted on: September 20, 2023, 02:52:10 PM
But when I trade p2p on Binance we only make money transfers without any content, so how does the bank know I am trading crypto?
Banks won't inquire into or investigate the source of fiat currency entering your account, as long as the funds align logically with your occupation. Even if it's your side business, transactions on Binance should be secure because Binance doesn't casually disclose user information. Moreover, peer-to-peer (p2p) transactions on the BTC blockchain network are even more challenging to trace, as blockchain networks have a ledger distinct from banks.

As long as the amount you're transacting on Binance remains within reasonable limits and doesn't raise red flags for Binance or the government, you should be safe from bank scrutiny. That's the essence of Bitcoin's freedom, where there is no interference from any third party when p2p transactions occur.
That's true, I have been involved with bitcoin for nearly 10 years now and there has been a lot of money coming in and out of exchanges all through this time and banks never asked me a single thing about it. Sometimes it was huge amount of money, sometimes it was tiny, and the tiny ones not getting any red flag is understandable but even the huge ones didn't get any attention.

It's all about the fact that you are getting something that would be reasonable and not something illogical. If you have been making one thousand dollars per month for 10 years, and suddenly one day there is 1 million dollars transaction into your account, of course that would raise some red flags and you will not be able to explain what it is.
1040  Bitcoin / Bitcoin Discussion / Re: UnionBank to offer Bitcoin trading on mobile app in Octomber on: September 20, 2023, 01:08:19 PM
What is your opinion, do you think that banks are slowly starting to adopt Bitcoin?

Source:
https://cointelegraph.com/news/union-bank-of-the-philippines-launches-bitcoin-and-ethereum-trading
Do you mean the bank as a whole?

In my view, so far we are still not completely convinced that unless the country opens up its policies globally regarding the status of Bitcoin, then banks will be able to do the same. However, if you operate where Bitcoin is not used as a legal medium of exchange, the bank will face a very risky challenge. Transaction involvement in banks is about controlling financial entry and exit, so to see banks implementing the Bitcoin payment system means we need to look at central government policies first and not immediately establish policies outside the bank's authority.
Yes true, we are still a while to go before anything like that to happen. I do agree that it is going to be a tough one but we are going to get there eventually which will be fine, I do believe that we need to reach to a point where life will be easier to handle and should be considering it a bit better.

I agree that it is not simple to get the banks to be a lot more public and open about bitcoin, they are not all entirely sure about the process and if it will be profitable for them and what are the negatives and what are the positives, so we just have to give them some time to make their calculations. If the result gets to a level where they should do it for their own good, they will do it anyway.
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