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1141  Economy / Speculation / Re: Bitcoin is not going to $12k. on: August 30, 2023, 08:46:24 AM
It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.
This is true and unfortunately there are still some people who create some fud about it. I do not know why and what the reason is but I could say that it has been on a full effect recently and it looks like they are going to keep doing it for a while longer as well.

I get that some people may want to see it change a bit but that doesn't mean that it will, it will be very different on the long run. I think the best case would be having some sort of trouble where it will not be simple for anyone to end up with a good result. I think it should be forgettable cry for help or something from trolls and we should not really be caring about what they are saying and the price of bitcoin will do just fine without a worry.
1142  Economy / Speculation / Re: Take your eyes off from the fall in price on: August 29, 2023, 07:04:49 PM
There is no how anyone who has an investment in bitcoin will totally remove their eyes from the price of bitcoin. Even if it is long term investment, at a point you need to pay attention to the price of bitcoin. Wherever the investment of man is there also his mind will be. But the difference is that a day trader will always have eyes on the price, a short term investors will have eyes once a while and the long term investors may almost seem uninterested about the price.
I think there shouldn't his mind be, that is the trouble. If you keep talking about or thinking about your investment then you are not going to end up getting any good return with it, because you will want to do something with it all the time. I think it is quite important to remember that we are talking about a situation where it is going to end up with a trouble on the long run.

It is better to have some sort of result where it will be a big deal and when you can do that then it is going to be a lot more important. You should forget about your investment whenever you can and that will result with you doing a lot better and you should be making a profit when one day you come back to it when you hear that the price went up a lot.
1143  Economy / Economics / Re: Increase in stable coins adoption might just be the key to crpyto dominance. on: August 29, 2023, 08:46:23 AM
How is your country's currency different from stablecoins? Nothing, damn it! What could be a positive trend in this for currency users? Nothing. If the currency of your country is controlled by the government (central bank), but the stablecoins are controlled by a certain company, which, in both cases, can do whatever they want with their stablecoins, whether it be endless emission, and therefore inflation. Stablecoins are a very, very poor alternative for storing value, only valid for a short period of time. Stablecoins has the same disadvantages as any money - depreciation and unsuitability for storage. Stablecoins can't help countries beat inflation in any way, even though it is better than the national currency. Here need completely different tools.

The problem with stablecoins is that there are already several options on the cryptomarket, and new ones will be created. There was something similar in America, when each state had its own dollar. Which of stablecoins will win is unknown, but the losers will be useless to anyone.

Make a mistake with an investment of stablecoin and you are a beggar.
That is %100 true and this is why I do not use stablecoins at all. People who think that stablecoins are fine are people who are just kidding themselves. I just put my money in fiat and wait for the price to drop if that's what I want to do, which is rarely what I want to do to be fair because I keep all my investments in bitcoin and nothing else, but in rare cases that I rather have dollars, I do not use usdt, I just use usd and that way I know that it's the same thing.

Most places have a withdraw option to your bank, and in order to do that you need to have fiat, and then fiat in your account could stay there without you withdrawing it and then you could reinvest it. USDT has nothing over USD at all and people will eventually realize it.
1144  Economy / Economics / Re: BRICS has become eleven countries instead of five. on: August 29, 2023, 07:01:40 AM
It's all about Russia and China trying to increase their influence in the world through the arrangement of third world nations against first world countries which are lead by USA. I don't know how strong this economical alliance can be, but I fear we get more distant from US and their allies to give preference to russians and chineses. Living in Brazil, personally, I prefer to stay with the occident, because it's still where freedom and individual rights are more respected than in the rest of the world. And if BRICS get stronger, I believe there is a real threat tyranical practices from the east may be applied to us too, even living in an western country.
That is a trouble even right now, and the fact that they could grow to be bigger is definitely scare for sure. However, I do not think that they will get more powerful, they still need the money from the west, all these nations are poor compared to west, only nation in all this list that could be considered rich is China and even they are having financial breakdown right now, USA could crash as much as they want and still come out on top and that is what matters.

I believe that we need to end up with a situation that is a bit different and should be considered that BRICS could never be rich and just need money from the west all the time, they need to sell their resources, factories, workers, and everything else just to get money from the west.
1145  Economy / Economics / Re: All millions are from real estate. on: August 28, 2023, 06:40:41 AM
When they choose a real estate investment, of course they already understand in detail about the investment, both the losses and the benefits. You are right, with the current population increase, of course they will need houses for their homes and it would be great if we had a property business, of course it would be very profitable.
While the land has a limit to be occupied for many countries. The value of it increases and that's how it becomes profitable.

As we want to have our own properties and use it for rental as a business, not everyone is easy to afford it. For those that don't have money for downpayment or capital to start, it takes time if you really want to push it.
The weird thing is that we have enough room to house everyone, you can get all 8 billion people, give everyone one house, as in literally 8 billion houses, and it would fit in Africa alone, even without considering other continents and nations. So, I think it's quite important to realize that we are not going to end up with lack of room for development. All you have to do is find good places that will benefit you and you could make a profit from it if you want to.

You just need to be careful where you pick the land, if you pick a land that will gain value in the future, then you could develop housing there and you will make a profit. You can't do that at the center of New York, but you could do that at a farming town nobody lives for now, and in 30-40 years maybe it will be crowded, pick a place like that.
1146  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: August 28, 2023, 06:02:42 AM
This is funny because I see no reason why you should be seeking for such an opportunity, when you already know that living is already  risky and this your post is another avenue to invite scammers to your pm and I'm sorry for say that, most times these scammers are very difficult  to resist because they always come with the very options you desire and also give you a lot of proves and documentations and it is  always very difficult  to resists moments like this.
Well I don't know of self servicing and maintenance bjt I know that one business you can easily  invest in and make  profits after the appropriate licensing and launch, you're expected to start making profits as soon as possible
The funny thing is that if there was a thing that you could do like that, everyone would have done it already, why would this be a secret, it would be the most common information in the world and everyone would have done it. It's obvious that there is no business where you can start today and make a profit tomorrow, because that is not possible and it should not be possible neither, technically speaking everyone would get in and then because it's saturated, it will not become profitable.

I think it's quite important to just focus on things that will not make you profit right now, but a business where you spend very little capital but a lot of hardwork to make profit in the future, that is a better approach for smaller capital requirement.
1147  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON is bad coin, here is why on: August 27, 2023, 05:59:52 AM
Then you should stay away from tron ​​coins and why not accept those who have much better coins. Moreover you should evaluate first from the research and leave if their development activities are not progressing well. You probably know that there are many better coins in the crypto market than tron. Also investors always give more priority to profit so take those where your profit margin is good. However tron ​​is a good coin for me and there are many reasons why.
This is why TRX did not grow to be one of the top even with secure and cheap/fast transactions. Too many people saw it as a bad one even with all the advantages it has. I understand that it is not going to be simple, but it should be pointed out that it will not be profitable as long as people do not find it that great.

This should be the thing that could matter to you the most, I get that people want to invest into something that will make them some profit, but if you avoid this then you are not going to get anything nicer in the end. Hopefully we are going to get something that will be better on the long run, it should be getting better if they keep on improving the coin. If not, then people could just keep avoiding it.
1148  Bitcoin / Bitcoin Discussion / Re: Bitcoin negatives on: August 26, 2023, 10:30:31 AM
I may not say that bitcoin is 100% the perfect solution but what it offers us today is the exact solution to the financial and economical challenges we are all facing with the government, so when you're talking about negative aspect i may not argue much because it will surely exist no matter how the little or small it may appear, the advantage is what we look on to and embrace the decentralization for our own personal interest, the solution is far better than any form of negative influence others may thought about with bitcoin adoption.
This is something I wholeheartedly agree, we may not have any solution to it that is better than bitcoin right now and that is why it matters so much.

The only fair thing I could say about bitcoin is that it does spend a lot of energy right now and we could definitely find a better suited program that would be better, staking that ETH uses so far seems to be working and turning bitcoin into that may take many many years but at least we have a way to do that and I think it should be important to keep repeating that whenever we can, it should be a big deal. Obviously it will take some time but we could make that work and that's important. Of course it is not that big of a deal if you are not careful about it as well.
1149  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin at this Price limit its Global Adoption? on: August 26, 2023, 09:28:03 AM
At this point it's all about getting a piece of the pie, you don't have to buy 1 Bitcoin to be a Bitcoin investor and there is nothing to rush for, you can gradually keep accumulating Bitcoin and in time you will get to your dream amount you have always wanted.
Bitcoin is well designed by allowing Bitcoin users to move it in satoshi unit and pay transaction fee in satoshi unit too. You mentioned a good point that people never have to buy 1 BTC as a condition to own bitcoin. They can buy 1, 0.1, 0.001 BTC, whatever amount that fits with their available capital.

Only condition is they must take into account on-chain transaction fee and make sure they will not have like nearly nothing after one on-chain transaction, one withdrawal from a centralized exchange. $10 or $50 is enough small capital to buy and own bitcoin but I know $10 and $50 is big capital with many people.
Which could be considered not big when you think about where you can store it. If you deposit some money into binance for example, you are not going to spend a dime (depending on the bank) for sending your fiat to binance, that's free. On top of that, you spend like what 0.025 or something to get bitcoin with it? Just the trading fee, whatever it was. That means that you are going to spend very little, and no matter how tiny your capital was, you are going to end up with something you will be doing fine.

I hope that we could end up with the understanding that you do not have to be rich in order to make money in the crypto world, you could keep on making profit and should just end up with as much holding as possible even with small amounts.
1150  Economy / Trading Discussion / Re: Copytrading with Binance Leaderboard traders on: August 26, 2023, 09:04:24 AM
Copy-trading just like the same (VIP) Group Trade on Telegram ~XD

The different this is on (website), just read a few things word on the website. Any word like (pump) being mentioned, from my perspective is gonna to be avoided. It's just give a bad vibes + most the service only want to sell their service provider.
Agree with you, but copy-trading is way better than that. You can be able to determine who is the trader. You can also the see their previous performance in trading. All the traders passed a test before they become eligible to be a master trader, so you can assure that they are not scam. In other words, copy-trading is more transparent which is really good if you want to trade using their signals.

Even if they are profitable traders, they will also experience loses since they can't control the market movement. Since you have the authority to decide, choose the best trader.
That should not really be the case if you want to have a long term profit. If you trust a trader then you are not going to be sure if their previous profit was a fluke or not, they might get a few good trades and paint you a good picture and you will trust them and invest into them and you are going to end up losing money because of them as well.

However, if you end up learning more about trading and end up trading yourself, even if you make a loss you will be able to check why you made a loss and see the problem and you are going to end up getting better and better at it. Of course it is not that simple of a job and you should be more careful about it but as long as you let it happen, I do not think that it will get any worse if you personally do it.
1151  Economy / Trading Discussion / Re: Scalpers and day traders, what makes you to make profit in trading? on: August 26, 2023, 08:16:44 AM
You are really using a suitable approach to trading the market because your style of trading shows that you are considering risk management factor which is one of the key factors to succeeding in the trading world. This is the same approach that I've been using lately, and it also works out fine.
 
One thing with most traders who usually lose money in trading is that they forget that keeping that capital alive is paramount because that's gonna keep you staying in the trading business. If you are a good trader that applies proper risk management you will barely blow your account despite how bad the market is.
As long as you check every possible outcome, you are going to be ready for them and it is not going to hurt you on the long run. I understand that it may not be the ideal situation you want to see, but that is going to be the case for most veteran traders.

There are two options, either you are going to trade like a newbie and hope for a huge return, which most of the time ends with losing a lot of money, or you will be like a veteran and get a short little uptick which you could be at least certain about. I think it's better to have that little short uptick in income constantly and consistently, that way you will make a good return without a doubt, it should be the most important thing in your arsenal to keep doing it all the time.
1152  Economy / Trading Discussion / Re: Have you ever used copy trading apps on: August 25, 2023, 08:24:41 PM
Totally get where you're coming from! Well if what you're aiming for is independent trading, trusting your own instincts and strategies in this ever-changing crypto and forex scene makes total sense. The market's wild swings can be hard to predict. Trading is also one of the hardest profession in the world.  Learning from losses and evolving as a trader is the real deal. And you're spot on, those copy traders might not always be the gurus they claim to be. You're not learning when you're just copying. But if you just want to make money with the person's analysis you trust, then go for it.
It is the only way to trade for me, I would never consider any other method to make money and I understand that some people may consider it as an option but for me it will never be a valid option. I think it should be important to make as much difference in crypto to yourself than any other person.

If you trust yourself and improve yourself and just give time to yourself as well then eventually you are going to be something good. That doesn't mean that we are not going to end up with a bad result, it should be important to remember that we are going to make some profit with it if we keep giving yourself to studying how to trade. If we have no idea, we are going to be just trusting others and that will end up with a loss.
1153  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 25, 2023, 01:04:50 PM
I waited for all the dust to settle before getting another chart up itt.  So yeah, 28k support broke and as I said a couple of times before next support is around 25k.

We saw it last as resistance which BTC broke out to around March 15 - 16 and got retested as support around June 14 - 15.  So it looks like now it's being retested again.  Not really sure if it holds or not esp after seeing how 28k got broken down easy, but for now the long bottom wicks look promising.  Stay safe out there guys.
But by the looks of it we are up in the last day? I mean if there is a support that was broken, by that logic we could also have a resistance that can be broken as well can't we? If that happens that means we are going to end up with a result where the price goes up, and should be something to care about as well.

I understand that some people may not enjoy that situation but that is the reality and we should be considering it as a good thing. I know that life is not that simple, but we could still just hold it as long as we can and hope that resistance is broken instead of support. We have gone down enough, I think it's time for us to start going up a bit more and make a profit, time has come for that to start.
1154  Economy / Speculation / Re: Is there still hope for the price of BTC to hit back $69k this year? on: August 25, 2023, 12:26:10 PM
Who knows where Bitcoin price may end this year, it may go to 69k$ or may drop down below 20k$. We must stop thinking that what Bitcoin price will be after a certain period of time rather look for a long term investment. We cant predict with certainty that what price of Bitcoin will be after a certain period of time but as a Bitcoin investor we are certain that price of Bitcoin will go up with time. Buy Bitcoin and HODL, you will get good return in the long run.
We better hope bitcoin price will increase and reach $69k before the end of the year as the possibility for a huge increase is still there.
We should not be pessimistic about the current situation because this is only temporary and everything will change for the better.
And don't worry if the price stays like it is for a while, even if it has to be until the end of the year, because later we will see the price of bitcoin will increase again.
The important thing is that we can still HODL bitcoin until our target price is reached.
I do not think that we should be hoping for that, it would be way too much for it to get there and I think it would be smarter if we could end up with a different approach. It should be causing it to get to a point where we could make a greater profit later on if we keep it going, and I know that it will not be simple but it should be possible at least. I know that we are going to end up with a good return on way or another and as long as that exists, it shouldn't really be a big deal.

I think the best thing in this case is to hope it ends higher than what it is right now, it doesn't have to be 70k, it just has to be over 30k, and as long as that happens, we are doing fine. Aim for realistic levels to be happier.
1155  Bitcoin / Bitcoin Discussion / Re: How long can Bitcoin out perform inflation in the long run? on: August 25, 2023, 08:20:11 AM
In theory, some deflationary and scarce asset like Bitcoin should be able to always outperform the levels of inflation.
In reality, the Bitcoin price has ups and downs and there's a possibility for it to crash in times of high inflation.
Many people claim that the Bitcoin price movement is cyclic, which means that we always have to wait for the next high wave of the cycle(when the price hits another ATH).
Just don't sell when the price goes down and wait for the upcoming ATH. Inflation is good for BTC, because "money printer goes brrrr..." and this creates more demand for Bitcoins. Grin
Investment in bitcoin cannot be bound by time and formula, but does take advantage of the waves that occur. it's different with inflation where it's possible that it can multiply as OP talked about, but for bitcoin to be able to beat inflation at a certain time if it penetrates a new ath and we sell it, maybe it will be several times, but it's different if we sell it in a bearish season, it can happen instead we will lose to inflation, it can be said to beat inflation because of the growing adoption of bitcoin, thus increasing its price
I think it's hard to just sell bitcoin as soon as it goes over the ATH price, that doesn't mean that it will stop going higher. It is true that we are going to have some sort of trouble if we keep holding it for too long, because eventually it will start to go down but that doesn't mean that we shouldn't hold it after it breaks above ATH, we should keep holding it a bit longer than that and see where it can peak, that would make sure that it could go to a better place.

Look at last time, 20k was ATH and it peaked 68k, that means that we are not going to end up being something a bit harder than usual and that should be something to look for and care about. I believe if you hold at least double, you should be fine.
1156  Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip. on: August 25, 2023, 05:41:40 AM
I assume that Cryptomultiplier was more referring to the vast majority of so called traders who try to tell people what the bottom is, what the perfect dip is and when we finally have entered a bull run again. But in reality most of that is no better than blindly throwing darts at a dartboard. The number of people who are making gains from long-term day trading, shorting markets and using leverage is tiny. It is a small percentage of people who literally dedicate 24/7 to get their trades right most of the time.

But you brought up so called support levels and this is where the first big issue arises. What does any of those identified support levels help you when uncertainty hits and Bitcoin experiences a major blow because of an unexpected event? How many short positions from experienced high volume traders get squeezed on a regular basis? People say that those who lose even as experienced traders didn't show a sufficient level of self-control, but the fact rather is that they can't control for everything and day-trading makes you money only when you are in the market. But the risky tails of the probability distribution are what can kill significant positions from any trader.
That is true, all of them are making a prediction and they are not really making that profit neither, not the one they claim at least. They show you the good trades that they make, and hide the bad ones they made, that way you could see the 10 trades that made me 100%+ return, but not see the 50 trades I made a loss on.

This is why it's quite important to learn about it yourself since that would guarantee that you will make some profit. I do not think that it will be that hard, it should be not impossible to learn how to trade and if you can do that then the return will be amazing. Hopefully it will become something that is important and should be great for you when you start to make a lot of profits from it as well.
1157  Economy / Economics / Re: Argentine leading candidate: Pro Bitcoin, anti CentralBank, wants dollarization on: August 24, 2023, 01:28:31 PM
I believe that corruption and its "derivatives" are at the root of economic problems. No, there are still options, of course... but I will dismiss the global idiocy and dementia of the government Smiley
As sad as it may sound - but corruption is the worst poison for the economy. I am not pleased to talk about it, but the truth is more important, in my country, Ukraine, today's government has brought corruption again, almost to the level of "ideology of power", as it was under President Yanukovych.... And this is still at a time when the country is being subjected to external terrorist aggression.
I won't say it, but corruption has penetrated very deeply into the economies of South America.  When I've traveled around the world, I've often been to South American countries. Brazil, Argentina, Chile, Ecuador, Dominican Republic. and others. And everywhere, talking to the local population, I have heard that corruption in their countries is almost "part of the culture". It's very bad. Without the elimination or global reduction of corruption, it will not be possible to "boost" the economy.  If there is corruption, neither the dollar nor bitcoin will help. Corruption is a kind of "black money hole", it drags the budget money with terrible force.... And only "pennies" are left for the economy
That is the reason why all these talks of "conservatives vs liberals, socialism vs capitalism" and all that sucks, there is no point on that. You know why? A nation with conservative rulers who are legit and want to make the country a better place will make it a better place, but also a liberal nation with rulers who are not corrupted will be good too, a capitalist nation will be good without corrupt and so will a socialist one.

It is not the political agenda that the rulers have, it's the corruption. If a nation has a government that is not corrupted and actually thinks the best of their citizens, then that nation will be better no matter what their political ideology is, that part is irrelevant and will always be.
1158  Economy / Economics / Re: It ain't meant to be easy on: August 24, 2023, 10:51:11 AM
I now always envy those who are always contented with what they have or what they have accomplished, I was like this years back until something changed within me, I feel like I am not trying enough and the result is not getting satisfied no matter what I do.

This is why I believe that nothing comes for free in this world we are living in, there is always something to pay for when you engage in everything, the more we seek the more we will remain unsatisfied.

Now I can't even go back to the way I used to be, my happiness was unlimited, and I hardly had a frown face, always happy, but as I grew up into a man I went cold, now that I have something going on in my life I don't want to stop and it's scary whenever I think about it.
You can always change the perspective anytime you want. I have changed it to duration and not the end result. If you keep thinking about life like path you need to take and when you reach your goal that's the end destination where you need to arrive, then there will be more and more paths to come in the future and you will never be happy with reaching your goal.

However, if you change your perspective to enjoy the ride, then you will realize that you will not end up being upset when the goal is there, you will be happy that another ride will come along. I work hard that's true, but I also enjoy working hard, it is not the results and the profits of working hard "eventually" gives you, it's the hardwork itself that should be joyful.
1159  Economy / Economics / Re: Were Banks and Governments behind this Dump? on: August 24, 2023, 09:32:15 AM
I don't want to believe in any conspiracy, I think the volatility is still okay. based on my experience, bitcoin is always like this, very unpredictable and at the end it will amaze us. I think we don't need to worry about bitcoin whether it price will fall again or not. I prefer like to believe that btc will gain more and more adoption, so the price will tend to rise.
Your thinking is simple but it is true, but people always want to complicate things to prove that they are brilliant. We all know bitcoin is volatile and unpredictable, so why do we always find excuses to blame when bitcoin is volatile? And what problem will that solve for us? Instead, we should take advantage of the opportunity to buy because we all want profits and profits only come when buying low and selling high. I also think that this is just a market movement.
There are two types of people in the crypto world, one type thinks that making money is easy simple as seeing a "tip" from some twitter influencer and buying it and getting rich, which we all know that it is not possible and it would be a miracle if you could ever do that.

The other type is making it so complicated because they think it is not going to be simple to make money from it. To make it simple, if you buy 10 thousand dollars worth of bitcoin right now, when bitcoin becomes 1 million dollars, that would be 400 thousand dollars. When would it be 1 million dollars? Maybe in 2 years, maybe in 5, maybe in 10, but it will get there and there is nothing else that can turn your 10k into 400k at the same time as bitcoin can.
1160  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Monero so unpopular? on: August 24, 2023, 07:26:14 AM
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?
People didn't really care with privacy these days. The reality is that hundreds of millions of people used a centralized exchange site that required verification and it can be hard to accept. Monero was very effective when it comes to the P2P transaction.
It's actually a useless coin when you were trading it on centralized exchange site as your identity known by the exchange site. The privacy coin is not popular anymore. People prefer to get utility instead of privacy coin.
Privacy is not necessary and it depends on yourself. Using an exchange site is easier to withdraw or deposit money to crypto than using p2p, even if you value privacy coin.
So many privacy coins are dead now. Government is also the main reason people are willing to use centralized exchange site. They can be sued money laundering purpose.
THIS! This is such an important thing that people do not realize enough, it's very important to make sure that we are seeing something that would be much better and people could do a bit more interest to it. There is no logic that people would want to give their KYC to exchanges but then hide their money at monero, it's obvious that we do not care about it anymore and we will probably keep on not trusting it neither.

Just go on about your day like nothing happened if you trust that monero is good, just keep buying it, but things changed and we are not caring about it all that much. We willingly give our information to places in order to start using them, if we are that much sure about it then why would we want to change anything.
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