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1381  Economy / Speculation / Re: Take advantage of the price fall. on: June 12, 2023, 03:39:24 PM
There are many underlying factors for the market price correction. One is exchanger issues,and another is the cme gap as we all know. Ofcourse it would be better to buy at a lower market value but problem is lack of assurance with the bottom. You'd be lucky if you would be able to predict the bottom price of it. The market price which is currently around $25.8k could still fall. Now as an investor, you may wait for a lower market value to avail bigger discount but since there's no certainty of the anticipated price correction, it would be some sort of a gamble waiting for more. The market price could recover anytime so better check your expectations. It is either to wait for a little longer or to invest now and/or buy already and ignore possible downfall of the value. Entering at a lower msrket price would generate bigger profit, so remain determined still.
1382  Alternate cryptocurrencies / Altcoin Discussion / Re: what is your opinion on shikoku inu? on: June 12, 2023, 03:19:56 PM
Why you can say like that? Promising? Can you explain me why you think meme coin like shikoku inu is promising. Who team behind the project ? What kind of product/service they sell to investor? I can't see anything about this meme instead of Hype.
Assumptions might probably because of its price action when the token was released in tbe market, as well as with what happened with $PEPE. Memetokens are a bit of a hot topic recently but in reality these kind of tokens are simply dependent with demand and not with its utility; in which we can say that its market value won't be sustainable in a long run, unless hype would be created among investors in this industry.
Does anyone know the token, it looks promising

meme coin? there is no promising meme coin, so my advice is never invest in meme coin, because when the meme coin that you invest is not hype anymore, then of course it will be a shitcoin (has no price), so you will lose your money, therefore than you invest in meme coin, then it's better for you to invest in altcoin that do have useful projects, so you will get profit in the future and the risk is smaller than you invest in meme coin.
If it is potential, indeed memecoins has low tendency of having higher market value in the future. There'd be spikes on the market price but won't last for a period. These tokens are ones which ride the 'wave' but are not creating such thing. You can make profit out of it thru swing trades but I highly doubt with long term holding.
1383  Economy / Economics / Re: I thought there was an egg shortage. on: June 12, 2023, 01:57:11 PM
Hoarding issues and monopoly I guess. Also, it would be impossible to have a global shortage with eggs, it is more likely to happen in a city or country but not as wide as global. Hoarding issue happens to many marketable goods. Inflation on tbe other hand is a different story wherein it affects majority of the world market concerning market prices. Based on what I have observed, if it is shortage with agricultural products then it would only last for a month or more, but if it is with minerals then that would be for a long period of time. This is because of resources wherein agricultural products can be 'cultured', which is a reason for us to not panic in some instances.
1384  Bitcoin / Bitcoin Discussion / Re: If bitcoin was to be physical product? on: June 12, 2023, 01:01:59 PM
People love privacy in business and bitcoin is one profound individuals investment business with the public necessary sees your progress. Physical business attracts enemies, hatred, criminals, stress and energy, even witchcrafts (enemies of progress). But bitcoin is cool private investment nobody knows what's going on, on your devices only you. That in many ways bitcoin is more advantageous to other business investments with lots of benefits, this is more reason why it should be encourage to be accepted as a global digital assets. Would you have involved if bitcoin is a physical product?

If Bitcoin was a physical product like coins then it would had been easily controlled as there has to been a centralized office where Bitcoin will be produced and this would had gone against the ideas Bitcoin was introducing to us about decentralization. If Bitcoin was a physical coin then it would be a rare one and coins collectors who had bought all and it won't had been as popular as it is today, giving the poor hope.

The government would had been successful in banning Bitcoin but since it isn't physical but digital then it's not easy to make laws against Bitcoin since nobody can control it not even the miners as they're not centralize either and we'll have those standing against such act.
Also it would make no difference in comparison with fiat. Being decentralized, anonymity, and convenience won't be at edge for this technology. Therefore its price might not be as in demand as it is at the present for that reason. Actually, in some instances, Bitcoin is being regulated through third party wallets or exchanges wherein tax in form of transaction fee is present. But unlike with total regulation, there is an alternative which is thru hardware wallets and decentralized platforms. Bitcoin being in physical form would create changes with its current 'stand' in our lives to both investors and users of it. Added risk is to not be recognized by majority of countries as an offical currency on the same instance.
1385  Bitcoin / Bitcoin Discussion / Re: Cautionary campaign about Bitcoin on: June 11, 2023, 11:37:30 PM
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some  investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.  
I don't know what we should do at this point.
In my point of view, you can still invest in bitcoin as long as you invest bitcoin in foreign platform. Buy and store your bitcoin on a platform which is not tracked by your finance regulator of your country. Then when you want to sell your bitcoin,  you can sell it on b*nance (as one of the largest trading platform) or any trading platform which supports a withdrawal into USD or into your FIAT directly.
As long as there's no clear sanctions to those who will be proven to use or invest into this technology, I think there's nothing to worry about. It is a campaign which probably just warns the public due to the risk involved. Those who would be easily convinced not to do so are basically ones who knows nothing mucb about this industry. Not unless there will be a direct prohibition 'coz you might have trouble accessing and transacting with your funds which would really impose risk in your asset. But if you are really worried, then try making a pause, you won't be wrong for that, and wait for things to be more clear regarding this movement of them.
1386  Alternate cryptocurrencies / Altcoin Discussion / Re: Beginners Should Avoid Leveraged Tokens Trading on: June 11, 2023, 10:59:38 PM
There's no easily earned money. Leverage trading could give you more but will cost you more if you happened to have the wrong position. There's no law prohibiting beginners to engage into this but atleast equip themselves with knowledge first 'coz they will just be gambling if they don't have any trading plan. There are many YT Channels in which they can learn from as well as people who shares their TAs. Regarding shared TA, it won't be enough basis 'coz that's subjective to who shared it. Your responsibility as a viewer is to analyze and validate the shared TA, and to come up with the decision whether to go along with his analysis or make on your own.
1387  Bitcoin / Bitcoin Discussion / Re: Is There A Bitcoin Exchange That Pays Most of Fees for You? on: June 11, 2023, 10:19:49 PM
No such thing I guess 'coz if there is, that exchanger is giving their service for free. Investors or users are the ones to shoulder transaction fees simply because they are jist using an exchanger platform. Transaction fees on my end is not a problem although in some instances the fees are too high. With regards to exchanges, Binance has one of the largest fees but I do still use it 'coz I'm confident with my funds on their platform. If you are hurting for an ezchanger fee then go with decentralized ones which would lower TX Fees.
If you see an exchange that claim to pay your transaction fees for you, you should avoid it. It will most probably be a scam exchange.
They can be either a scam exchange and try to gain more users before they run away with money by a scam exit.

Better, they don't run away with money but they will collapse by rotten management like FTX exchange. In 2020 or till 2021, FTX exchange waived out transaction fee on Ethereum blockchain for FTX users. Transaction fee on Ethereum blockchain was very expensive, $50 to $200 for one transaction in fomo times of DeFi 2.0, GameFi, Metaverse.

You can easily imagine how much money FTX wasted for their users.
It would be indeed suspiscious. The possible reason why they would do such thing is to gather as many users as possible and eventually collect their funds and leave with it in a sudden.
1388  Economy / Economics / Re: How do banks generate income? on: June 11, 2023, 03:20:11 PM
Banks generate income through different product and services like one of the primary ways is by lending money to customers at a higher interest rate than the rate at which they borrow money from other banks or the central bank. The difference in interest rates, known as interest rate spread allows banks to earn a profit on the loans they make. Banks also charge fees for various services such as account maintenance, ATM usage and wire transfer. Banks may invest their own funds in various financial instruments such as stocks, bonds and real estate to earn a profit on their investment. Some banks generate income by providing advisory services to clients or by offering insurance products.

Number one of their income is obviously lending  Grin it could be lending to other bank like credit suisse case or lent to other people, a company or government project or lend their money to the government bond. the point is they generated money from lending. and that is pretty much 90% i think  Grin
Another things is through transactions, you are not giving the service for free. But biggest source indeed is through lending or loan (in my area). It allows the bank to make their funds revolve around their users with monetary interest. It is the nature of centralization which made this possible and if we would compare it from this technology then there's a huge difference with how money flows. As we all know, banks have plenty of users which is considered aspect of bank. In this industry as well but centralization and decentralization are far from one another. As ive read in the replies, banks has the weath and all but due to centralization, they are also liable withnegative tendencies such as losses.
1389  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin must surpass gold on: June 11, 2023, 02:38:29 PM
There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!
Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.
I don't think that Jewelry is a use-case, I think that's just a way for those who are holding a lot of gold to be able to create a product that is worth a lot more than the actual gold itself. This is the same story as diamonds. It's not a real use-case that drives value, it is just a way for those who hold a lot of the supply to liquidate what they own.

Other than distribution methods, like jewelry, which provides more volume/trade for gold or maybe some demand, do you have any other use-case or economic benefit in mind for gold that Bitcoin doesn't?

I have a question? If bitcoin is really better than gold in every way, then why hasn't bitcoin been able to surpass gold so far? Most countries already know about bitcoin, but why, in this time of crisis, is gold still the most sought after asset to add to countries' budgets but not bitcoin?
Just looking at what's going on, it's easy to see that gold is still considered the most valuable and sought-after asset. Although in comparison, we must admit that bitcoin is superior to gold in some, but not all, bitcoin is not perfect in all respects.
Simply because gold is different from Bitcoin, as we all know. They have different utility and not to mention global acceptance. Bitcoin has a more volatile and higher market value but that's not enough. I do also view that Bitcoin do not need to surpass gold because of these differences; it just needs to be as is. Bitcoin is really a profitable asset but is it enough criteria to make it the greatest? It has its pros and cons just like other investments but we should keep in mind that it is still a currency that should be used in transactions. It happened that at the present it is more often viewed as something which is just profitable.
1390  Alternate cryptocurrencies / Altcoin Discussion / Re: New ethical memecoin; PEPA on: June 11, 2023, 01:42:09 PM
I took a quote from www.Gambler.Casino In his post on New coin - PEPE


the coin is completely useless and for entertainment purposes only.
Memecoin is not your portfolio asset. This is my opinion and everyone has the right to speak. But try to think about what makes memecoin worthy of your investment asset?
I once said that memecoin was gambling and I still believe in that.
Memecoin is not a scam. They are just like a gamble where when you hit the jackpot, you can turn your $1 back into $5,000 in no time. But that's if you're really lucky.
Do all at your own risk.
Memecoin, as we all know, has no utility, therefore its market value would only depend to demand. On the other hand, demand is based on the majority so if you are eyeing for such coin then you should guess or wait until huge investors support the demand in order to create a price increase. In this industry in general, price movements are uncertain. So think of how big the risk is if you are into such token concept. Just check the first ones to be released in this maarket and you guys will already kniw the anwer whether it is a good or bad investment. Unless you would ride the trend, investing into it won't be profitable especially for long term holding.

There are many tokens to choose from. Every coin will have its risk present from doing so. Your task as an investor is to minimize the risk of losing money therefore you have to select what would be best and not to just limit oneself to a single 'bucket'.
1391  Economy / Economics / Re: Getting an MBA before starting a company or directly starting a company? on: June 11, 2023, 01:00:36 PM
It is better to always build a strong foundation before starting something especially a business or a company. I am one of those people who prefer getting a degree or atleast knowledge of what they want to achieve. First of all, things would be efficient from planning to actualization. It would also result to less mistakes during process. Indeed there are successful businessmen who did not go to college but we don't have the same fate so atleast establish something on your end to start on your own.
You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.

You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.
Yes exactly for starting a new company you need a good capital , a good plan and hardworking professional who can bring you business up . MBA degree is just for your knowledge but these business skills you learn from interacting with people and experiencing different strategies.
How would you utilize the experience then? That is partly correct. Experiences teach the best lessons in life but not all the time. Why would education be created if it is not necessary? Capital and such is a given necessity ofcourse. Think of how many people have tried doing their business but not all succeeded.
1392  Economy / Service Discussion / Re: Lost 2.03 BTC via bitcoinpaperwallet.com Am I wasting my time trying to recover? on: June 11, 2023, 12:24:44 PM
As other users have said, it is not a trustworthy site. You may try filing a case but indeed that would take time. If you have tried contacting their support and nothing happened, unfortunately you'd be really needing to face the reality. I have experienced sort of a scam before which pushed me to just accept it than to stress about it. I'm not rich but I am aware that if there's just a small chance to recover my funds, it won't be worthy of my time and effort. I'll be just looking for other way to earn money to somehow compensate with my loss. A matter of conserving my energy to what is left with me than to force things trying to please those who fooled me. Money can be earned but stress will haunt you for a long time.
1393  Economy / Speculation / Re: Chat GPT do a TA about bitcoin on: June 10, 2023, 11:38:09 PM
-snip-

But traders and their activies is determined by their predictions made on the basis of the calculus of probability, which again depends on the available data and general knowledge, in analysis of which AI is slowly surpassing us. Currently chatGPT is not good at making accurate price predictions. I agree with you. However, this is a linguistic model powered by human conversations, not a mathematical model powered by the price history of hundreds of thousands of assets in all possible time frames.
I believe AI may be useful for a trader's investment plan - but I do not completely agree that traders rely entirely on AI predictions. AI should not be able to surpass human capabilities in many ways and I cannot trust AI any more than I can trust my own brain and experience in the market.

Although AI can predict prices to the best of its ability, the experience of a trader and an investor is the best practice that will support their investment plan. Especially in the long term - I stick to my own plan.
AI could only utilize existing data programmed into it and not generate their own info. It happened that TAs are based from patterns and previous price movements such as determining the buyer's zone and seller's zone. So I guess AIs could be a good tool for investors as well but analysis would be and should be coming from the investor himself. AI's output does not include emotion and sometimes it plays a role in every investor's decision. Also with decision making whether to continue holding or setting a stop loss. However, the bottomline is, these will just be tools to help us and I agree that relying that much into it won't be advisable.
1394  Bitcoin / Bitcoin Discussion / Re: My friend interested in investing in BTC but the friend's father does not agree on: June 10, 2023, 11:00:15 PM
If it's his own money, then he may hide it from his father. But what's important is if your friend fully understands whaat he is engaging himself with. He should be fsmiliar wwith the risk and the nature of the market prices wherein there will be times the market value of Bitcoin would fall which will display loss on his portfolio. This is for his own good and for yoy to not be blame if ever something unfortunaate would happen. And with regards to his father's opinion, we should accept the fact that not all people would be interested towards this industry and that's better than for them to push through without understanding a single thing.
Since cryptocurrency is illegal in his country, I'd say he'd better stay away from investing with so much risk. I think it's not just about his money risk, maybe he got caught by the government while investing with his new hands and had to go to jail and lost his government job.
But it is also true that Bitcoin's decentralization is free from government bans. But since Bitcoin is still not so famous worldwide, he has to exchange it to use it or convert from fiat currency to buy it. This is where the risk lies, so tell him to avoid investment for now.
If they can find a way despite of the situation, and still decide to do so, I guess that's their own will and the only thing we csn do is support it as long as it is feaasible. For sure they know what would be the possible problems and it's their initiative to still continue.
1395  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Algorand dead or can it recover? on: June 10, 2023, 04:05:17 PM
Well, I'm quite making profit from it through swing trades so i guess it is still good. But not as good as it suppose to. If you have holdings of it and you're down with more than 50% then I guess it would be better to just continue for the benefit of the doubt than to permanently cut the loss. However if it is because AGLO is your prosepect which concerns you whether it is dead already or not, I'd say choose other coin 'coz there are many to choose from.
I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?

The project hasn't updated its ATH in 4 years, but it has updated its ATL, which is a bad sign. I would stay away from such a token if you are considering it as a long-term investment. It's not worth it. For trading or medium term investments it might be good enough. But I wouldn't buy it now, there is a good chance that it will update its ATL more than once.
I have this five month rule wherein I am checking if there is a satisfactory recovery of a token which is down for a period of time. If there's no huge increase or if it doesn't go long with spikes on major tokens, I think it would be risky to engage with. But ofcourse that is different from a coin being actully dead, as others have said.
1396  Economy / Speculation / Re: Can anyone Predict What's going on crypto market? on: June 10, 2023, 03:24:50 PM
Will never be possible. Investors could only draw assumptions and speculations of how will the market move based on several factors such as news and other relative informations refflecting to world market and this industry in general. Well timeframes would also help with formulation of assumptions or the idea of making a prediction but most of the time, accurately predicting market behavior is impossible especially in this industry wherein market price volatility is in nature since demand is a changing factor which reacts to many things.
No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time.
More of a scientific or valid guess becuse there are basis of those speculations such as previous chart and market price behavior within that month or quarter and such as well as events relative to one another such as halving.
1397  Bitcoin / Bitcoin Discussion / Re: Which platform is safe to store Bitcoin and can’t be hacked ? on: June 10, 2023, 02:51:02 PM
Well, there will always be a risk. Choosing a hardware wallet would make it prone of being stolen especially if your 'keys' are in there or if happened that bad people knew it. Putting it on exchangers and other online platforms make it prone to hacking,malwares, and the likes. So it does depend to the investor on how secure it will be. It is our money we are talking about therefore its security depends on us. But in comparison to which would be the best, I am using hardware wallet for years and fortunately, I did not encounter any problem. But as others have said, electrum is the best option. So you choose depending on your investment routine.
1398  Alternate cryptocurrencies / Altcoin Discussion / Re: New alt coin, Islamiccoin. 1m+ followers on twitter on: June 10, 2023, 02:08:53 PM
It is not difficult to increase followers on twitter through bots. Moreover, the number of twitter followers does not indicate that the project is valuable or will make money. The most important factor is this. I think that a cryptocurrency that comes out under the name of Islamcoin is completely deceptive. Because crypto money is something that is not permissible according to Islamic methods, and naturally this name is completely abused.

A lot of followers on Twitter can indeed be bought with money and even all of them can be said to be BOT,
don't easily believe in projects like that, it's better to invest in altcoin projects that really have good fundamentals.
Likewise with other social media platforms such as Facebook and the likes. Actually a friend of mine, due to curiousity, availed some sort of service for 20bucks if I'm not mistaken and with a day, he got 2000+ followers. I do think it is BOT service 'coz after a month, the number of followers he got, decreased. And yes, this should be a warning to all investors and not in particular with this project alone. Number of followers and likes in social media could really be decieving and is often regarded as features of credibility but in reality it is not. At the end of the day we would only know a project is a fraud once they are into it already so atleast manage the risk everytime you plan to engage with new projects.
1399  Economy / Speculation / Re: Crypto experienced bloodshed on: June 10, 2023, 01:25:26 PM
Series of bad events. One thing I guess which caused the market ctash is the issue concerning the largest exchanger which is Binance. It happened that investors associated this instance with what happened before with FTX as we all know. Another is the CME Gap which is meant to be filled before an actual uptrend occur. Not only these two but there are more for sure. This is how easily demand can be affected both direct and indirect events could make a 'wave' towards the market value of cryptos.

Whether it is the right time to buy or not, I think it would be better to check on one's capacity or tolerance with this industry's risk. Ofcourse an investor would want to buy at a lower market price but problem is, it would be hard to determine the exact bottom. The price could also increase in no time. Therefore, you should make a decision whether to wait for a little longer or to enter right now and endure possible market price downfall.
1400  Bitcoin / Bitcoin Discussion / Re: The role of Bitcoin in eliminating unemployment in our country on: June 10, 2023, 11:48:26 AM
How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?
In what way they are earning?
The only way an individual could earn money from this industry in general, and without investing is through airdrops (not all are paying), whitelisting, faucets, and campaigns in this forum (on signatures requirement is high knowing how hard it is to earn merit although there are contests they may join but there are skills required). Also with investment, the market price of Bitcoin is not consistently increasing which means profit won't be continuous, and that answers the question as well regarding unemployment and such which I think is impossible. Investments are good for additional profit or income but won't be guaranteed to generate consistent money.
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