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1341  Economy / Trading Discussion / Re: Trading is better than Holding on: May 05, 2020, 10:01:26 AM
I am not a big risk-taker, therefore, I avoid trading and focus more on Holding. I have friends that do trading every day and sometimes they make money and sometimes they lose some. But, I am okay with what I have and do not want to lose anyone of those. When the time comes I will go ahead and make some good profits.

To be honest, holding is not that bad and it is a compatible strategy for you since you already said that you are not a big risk-taker.

I respect your choice but let me say some things about it. Despite holding being a good strategy, it is slow and there are those moments or times that you would earn more profit if you trade than hold it. But I think it is better for you if you try to ride the boat of trading slowly but not really putting it all in there, just try it is a small amount. Trading is a better strategy but doing both is far more better.
1342  Economy / Economics / Re: Rookie thing. on: May 05, 2020, 09:08:34 AM
1. There is no question about Fiat money (whatever it is $, £ or euro.) thats its losing it's value, so the question is. If it got no value what value Bitcoin have then ? ( i will use bitcoin for must common crypto but thinking of any). Can't get my head over it.

The easiest answer here is that fiat will never lose its value.

It is true that the value of each fiat to others is changing but you should always remember that fiat is centralized. It is controlled by the government in each country and they find ways to retain its value even though they are printing a lot of it. Bitcoin's value will be the same, it is just that Bitcoin is not that much used and people commonly used fiat that is why they are converted into it.


2.If you imagine in let's say 20 years FIAT goes to CRYPTO all the way. You want to buy a car worth $5000 but paying in Crypto, how much would you pay ? if $ got no value.

Then how will we price it if $ has no value and its price is $5000, right?

Obviously we would be paying cryptocurrency in its own value. If the main currency of each country, let's say is Bitcoin, then obviously they will price that car into Bitcoin for example one Ford Everest costs 5 BTC, then I would pay 5 BTC nothing more. You don't need to add something without value since it has no value.
1343  Economy / Economics / Re: The positive impact ~ on: May 03, 2020, 11:14:41 AM
One major impact is that we are going to begin to see the growth of internet usage for many outfit. Many people are going to suggest to their company about working from home and also more investment in digital currency too.

This started months ago.

I am one of those people that work from home now and it is harder than I thought. Despite the fact that it is more comfortable to work from home, some of the things you are doing are hard to be done and took long enough than working in our office since working from home also leads to a lot of distraction especially if you have a kid at home. Also, that is the positive impact here. You are working and at the same time, you are doing your job as the man in the house.
I'm not working from home but I feel you, it is much harder than what we all thought about working comfortably at home. It costs you too much of time, there are things that needs to get done like groceries that will take you too long because of the stretched line in supermarket, your wage will reflect on your ATM and as we all know ATM machines can't keep up to work since everyone needs it, so it will take you long to get cash, then there's your work at home. Even without a kid it will really be tiring every end of the day, plus the laundry and your daily food.

I don't have a problem with the laundry and daily food.

The thing here is that my family actually supports what I am doing so we are putting someone in a day to who will be doing the laundry and who will be cooking the food. I am exempted when it is a working day so that is really fine. When it comes to spending, I usually give some for the food, we stock food but it doesn't usually lasts a week since it is really hard when the house is full of mouths that needs to be filled.
1344  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 03, 2020, 07:50:19 AM
I do not think that gambling is like trading, sure they are similar with risk but that is the only similarities they have, the big difference is that day trading has a return of investment while gambling obviously do not have.

I agree with you but it is not the return of investment.

It is not that we always lose in gambling, we do, in the short run. In the long run, it is either we are getting back our money or we are just losing. Mostly we lose in the long run. In terms of return of investment, we can't always do that in day trading since we can lose there. There is a higher risk of losing in day trading since with the fast-changing market, we don't know what will happen.

From your point of view, we lose in gambling and trading both in the long term and short term. This may be true for gambling but i do not agree that day traders will be on the losing side. Also note that those who are day traders, they only do day trading with certain portion of their money and they also do regular trading which gives them steady profit also.

But we are just talking about day trading and gambling, right?

Obviously I am also considering those people that are doing trading and not only day trading, but since we are talking only about day trading, then obviously, they have a higher possibility of losing. The fact that you said that they are only doing this with a small portion of their money means they know it is risky, isn't it?
1345  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 03, 2020, 06:53:04 AM
I do not think that gambling is like trading, sure they are similar with risk but that is the only similarities they have, the big difference is that day trading has a return of investment while gambling obviously do not have.

I agree with you but it is not the return of investment.

It is not that we always lose in gambling, we do, in the short run. In the long run, it is either we are getting back our money or we are just losing. Mostly we lose in the long run. In terms of return of investment, we can't always do that in day trading since we can lose there. There is a higher risk of losing in day trading since with the fast-changing market, we don't know what will happen.
1346  Economy / Gambling discussion / Re: ESPORTS - predictions and tips (Dota 2, CS:GO, LoL) on: May 03, 2020, 06:13:50 AM

This is just great.

Keep the predictions rolling brother, you are really great at it. You are not just giving us your predictions but also your analysis and explanations to some of them. Hope you widen more your platform, like ML or other games available.
1347  Bitcoin / Bitcoin Discussion / Re: The growth of cryptocurrency on: May 03, 2020, 03:16:50 AM
Your answer in number two is somewhat confusing since if you are using Bitcoin for three months, then that means you are using it to buy things like what we are doing in fiat, right? Not all of us can do that though.


1. How does cryptocurrency help you in your daily lives?

Nothing to be honest.

I am investing in some cryptocurrencies but I am still holding it. I am using my salary for that but in the long run, I can use some of my profit from my investments to pay some bills but I don't count that as "daily" since that just happens sometimes.


2. How long have you been into cryptocurrency and how does it changed your life since then?

I don't remember if that is 2015 or 2016 but we will stick with 2016 since my profit is registered that year. I've been doing a lot of things in the past and that also includes mining in PC and doing faucets. Eventually, they died, and then I went here where I could earn some cryptocurrencies I can use to invest and trade, here in the forum. It did change since at first, I can pay some of my bills since, at that time, I am unemployed. It did great in the past since the price is still starting to grow and gave me a good amount of profit.


3. How did you know cryptocurreny?

I knew when my friend told me about it. The place I am working at that time is closing so we need something we could earn as we are unemployed.
1348  Bitcoin / Bitcoin Discussion / Re: Which investment is a safe haven Gold or Bitcoin? on: May 03, 2020, 02:01:27 AM
To be honest, I am confused about this now.

Gold is a great investment, to be honest most of the investors are recommending this as an investment, a must-have investment, as they say, it. Bitcoin on the other hand, despite the volatility of it, through the years, a lot of people told me they had a good profit while holding it. Gold and Bitcoin gave good profits for the people and I think despite Gold not being as volatile as Bitcoin, I think there is no such thing as a safe-haven.

Gold and bitcoin is a valuable investment! So why choose on those two when you can diversify your asset and invest on both? Bitcoin is a roller coaster ride while Gold is a steady and good for long term investment. Investing on those two are really good since you can maximize your earning while minimizing the risk of losing your money. Remember that always diversify your asset to get the greatest outcome of your investment. Don't go all in, in one market.

I would do that, but the question here is what is the safe-haven investment.

I would be stupid if I will just be running one machine if I can run two, right? That would make the work faster and double the profit I can have. But since we are talking about a safe-haven, my answer is still not that good. Gold is great but I watched a video in the past where they talked about Bitcoin being a safe-haven and obviously, they compare it with Gold. This "renowned economist" said that even gold with its long time is still risky, how much more is Bitcoin with a shorter time in the market.

https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
1349  Economy / Speculation / Re: BTC rally has paused on: May 01, 2020, 01:11:37 PM
It did surpassed the price of $7K and right now conquering $8K and might reach $9K this week.

I think it would reach $9K this week, I don't know what is happening but I think people are acknowledging the presence of having and its future effects in the price of Bitcoin. It is also said to might have a correction before the halving but the price is continuously going upwards, and I think that might continue at the gate of $10K.
1350  Economy / Speculation / Re: New ATH after halving? on: May 01, 2020, 12:09:22 PM
I think we will not be seeing an ATH this month.

I am not saying that this would not happen this year but there is this possibility that it would not happen because also of the pandemic that we are experiencing right now. I guess there would be a good price movement after the halving but I guess it would stay there for a while and I think the ATH would happen months after.
1351  Economy / Economics / Re: The positive impact ~ on: May 01, 2020, 10:59:32 AM
One major impact is that we are going to begin to see the growth of internet usage for many outfit. Many people are going to suggest to their company about working from home and also more investment in digital currency too.

This started months ago.

I am one of those people that work from home now and it is harder than I thought. Despite the fact that it is more comfortable to work from home, some of the things you are doing are hard to be done and took long enough than working in our office since working from home also leads to a lot of distraction especially if you have a kid at home. Also, that is the positive impact here. You are working and at the same time, you are doing your job as the man in the house.
1352  Economy / Economics / Re: returning to normal on: May 01, 2020, 10:38:17 AM
After epidemics, we will see quite a few new things, primarily in terms of hygiene on various means of public transport, such as airplanes, trains or even taxis.

Despite the pandemic, this should be really a norm to these places.

These are one of the places that should be focussed when it comes to sanitation since the citizen of the countries is not the only ones using it but also the tourists. I think nothing will change except for those people that might still carry the fear they had because of this pandemic and lockdowns. I guess securities when it comes to health will be more looked into especially on ports especially airlines which is the connection of our country to another.
1353  Economy / Gambling discussion / Re: Do you think sport betting and gambling casinos are the first business to get up on: May 01, 2020, 10:10:16 AM
This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business.
Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over
or it will take some time because people will have to take care of business first or go back to work first.

We the physical and the online sites so maybe you are talking about the physical casinos.

Since almost all of the online casinos are still functioning, we can say that they have no problems here at all. When it comes to physical casinos, I think they would get those losses back once this ECQ or lockdowns is done. The problem that I am seeing here is the workers of the said casinos as they don't have those jobs right now, no tips and there are even those casinos that don't give their payments this ECQ.
1354  Economy / Gambling discussion / Re: ESPORTS - predictions and tips (Dota 2, CS:GO, LoL) on: May 01, 2020, 08:54:11 AM
Damnn, OG just changed their roster again. CCnC will be their pos 2 instead of W1sh- but I don't know whether this will remain until the end of the tournament or not.

~snipped~

Can we change our placed bet on BetOnBit.com?

It appears that they have a habit right now to change their roster when they're entering new tournament. If they didn't win their past tournament with their current roster, they then decide to change someone after it.  Roll Eyes

This is the problem with online tournaments. Not the players though, the connection.

As far as I know, w1sh can't play so CCnC stand-in for him, and then CCnC has a game so M1done now plays for CCnC, well, he really is the player to start with and is said to play at 4 am at Malaysia with 200 ping, just sad. They've been trying with other players since Topson and M1done are not available with the pings they had, I don't know why m1done played though, with 200 ping that is.


. Haven't they heard nor read what happened to those players that did match fixing way back years ago?


Sorry we are going off topic but this sounds ominous. Did it turn physical? like something happened to them?

No, it did not.

Valve handled most of these issues and most of the players and those people that are included in this match-fixing are banned on Valve events, worse, banned on all of the Dota 2 events. 322 is one of those popular match-fixing incidents on Dota 2, one of the popular memes also, so if you have some time, you could watch this video about that.
1355  Economy / Gambling discussion / Re: Which of the two will you choose as a gambler? on: May 01, 2020, 08:28:25 AM
I would be on option 1.

I've been using that option for a long time now and I don't have a problem with it. I am just a casual gambler so I don't have any problems with the security since I don't have that much to gamble in the first place. Another thing is that I usually just use the gambling site's faucet so I don't really elevate from 2FA since it doesn't matter really. I have a dummy email for all of my gambling accounts so I don't have a problem with it being connected in a social media account or other site's credentials or logins.
1356  Bitcoin / Bitcoin Discussion / Re: Which investment is a safe haven Gold or Bitcoin? on: May 01, 2020, 04:50:30 AM
To be honest, I am confused about this now.

Gold is a great investment, to be honest most of the investors are recommending this as an investment, a must-have investment, as they say, it. Bitcoin on the other hand, despite the volatility of it, through the years, a lot of people told me they had a good profit while holding it. Gold and Bitcoin gave good profits for the people and I think despite Gold not being as volatile as Bitcoin, I think there is no such thing as a safe-haven.
1357  Bitcoin / Bitcoin Discussion / Re: Should the Crypto Community Be Worried About the Oil Crash? on: May 01, 2020, 03:54:49 AM
It is connected.

Not to all of the users obviously but for those people that have a job that is related to oil and cryptocurrencies mainly the miners. In the past weeks, I thought that the pandemic would not affect the price of Bitcoin at all but there are ways that it can be affected like this one. It is not directly an effect but still, it is a ripple effect, as they say it.
1358  Economy / Trading Discussion / Re: Trading is better than Holding on: May 01, 2020, 02:52:39 AM
     Trading is very harsh and unforgiving with those who lack information or make mistakes. At the same time, trading also brings a lot of stress and self-control. Trading is much more profitable, but you have to adapt to the conditions I said. I prefer the holding company because I think that the investments are made to obtain profit in the medium and long term.

Making mistakes are fine but lacking information or knowledge? That is a different question.

No one can really predict what will happen in the future, how the market will be putting it in a way. That is the reason why we can still make mistakes, despite the knowledge and skills we have. Another thing is that we are just predicting, we are not really pinpointing where will the price go that is why gathering information is important, having the knowledge to do so is important.
1359  Economy / Trading Discussion / Re: Is day trading is good in crypto market? on: May 01, 2020, 12:32:46 AM
What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....

As a beginner, you will obviously lose a lot from here.

It is not that only whales can have a profit in day trading. It is just that day trading is not that easy to do. We all know how volatile cryptocurrencies are and that is the reason you need to cope with the fast-changing market while maintaining that profit or managing the risk. The one that will be having profit with this is those people that can read the market well. I can say that they can't really have a profit every day since as I said, doing day trading is not an easy feat, it is really hard to do.
1360  Economy / Economics / Re: The true value of money, is it always just a number? on: April 30, 2020, 02:54:35 AM
It is hard to manage money nowadays.

I can be proof to that since when I will be having my wage, I usually spend it so quickly that I even leave a debt every month sometimes. It is just that I wanted to give back to my girlfriend or my family, have some times with her, buy her something nice or maybe going somewhere to spend our time alone but then I realized it is not enough so I just wait again next month and then that also happens next month again. Now it is just a loop so it is really sad that I can't manage my expenses at all. Thanks to the cryptocurrencies I am saving now that I have something to look to when I need money in an emergency or something like that. It is just that, when you have money in your hands, I usually think about what to buy immediately not what can I do with it when I save it.
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