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141  Bitcoin / Bitcoin Discussion / Re: Liechtenstein is considering to accept bitcoin for government payments on: May 12, 2023, 09:30:41 PM
Indeed, the integration of bitcoin into government payments in Liechtenstein could be a significant step in the spread of cryptocurrencies in the world. However, as you rightly pointed out, network congestion issues can affect this process, especially if the fees are high. In any case, this is an interesting experiment that could have an impact on other countries and even other governments. We will follow the development of this situation.
142  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: May 12, 2023, 09:29:39 PM
Indeed, El Salvador became the first country in the world to make Bitcoin legal tender. This historic decision was announced by President Nauib Bukel at the Bitcoin 2021 Conference held in Miami, Florida.
El Salvador's decision to recognize Bitcoin as legal tender could have major implications for the global economy and the crypto community. This could lead other countries to follow the example of El Salvador and start accepting Bitcoin as their official currency, which could lead to further adoption of cryptocurrencies and increase their value.
143  Bitcoin / Bitcoin Discussion / Re: Internet is one limitation of bitcoin on: May 12, 2023, 09:27:18 PM
Yes, you are right, one of the limitations of using Bitcoin is the need to access the internet. Without internet access, it is impossible to use Bitcoin or any other cryptocurrency. However, it should be noted that this also applies to many other online services and systems such as email, online banking, social networks and others.
In the event that the Internet service is disabled in your country, unfortunately, the use of Bitcoin or any other cryptocurrency will not be possible. However, if internet access is restored, you will be able to continue using Bitcoin.
144  Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading? on: May 11, 2023, 07:48:44 PM
If you use technical analysis, then it can help you make more informed trading decisions based on the analysis of price charts and other data. Technical analysis can help you determine price direction, support and resistance levels, and when to buy and sell.
However, if you prefer fundamental analysis, then technical analysis may not be that important to you. Fundamental analysis focuses on factors that affect the market, such as company news, events, and financial statements, and can help you determine which assets may be overvalued or undervalued.
145  Economy / Trading Discussion / Re: I don't know if am right or wrong about this. on: May 11, 2023, 07:45:23 PM
When it comes to investing, especially in cryptocurrencies, it is important to be honest and transparent. Your friend should have known all the risks associated with trading cryptocurrencies before he decided to invest his money. To avoid misunderstandings and conflicts, you should have honestly explained to him the risks associated with cryptocurrencies and trading methods. If you don't feel confident that you can explain it, it might be best not to advise anyone to trade cryptocurrencies.
In addition, you should also be prepared for the fact that the cryptocurrency market may change and you may lose your money. It is important to remember that investing always involves risk and no one can guarantee success.
If your friend does decide to invest in cryptocurrencies, it is important that they study the market on their own and understand how trading works. Never invest more than you can afford to lose.
146  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: May 11, 2023, 07:42:29 PM
You are correct that NFT-related content is usually stored on centralized servers, which can result in data loss if the hosting service fails or closes. However, there are several approaches that can help keep NFTs forever.
The first approach is to store content directly on the blockchain. This solution has its advantages and disadvantages. On the one hand, storing content in the blockchain guarantees its safety forever, since the blockchain does not have a single point of failure and the content is stored in a distributed network of nodes. However, this can lead to scaling issues and require significant resources to store large amounts of data.
The second approach is the use of decentralized data stores such as IPFS (InterPlanetary File System). IPFS allows content to be distributed across a network of nodes and ensures data integrity through an integrity check mechanism. This solution is also not ideal, as it depends on users continuing to store IPFS files for a long time.
147  Bitcoin / Bitcoin Discussion / Re: Will the Ordinals craze cause a UAHF soon? on: May 11, 2023, 07:40:15 PM
There are several reasons why the rise in popularity of ordinals could lead to higher transaction fees on the Bitcoin network. But in order to understand why this will not lead to a new hard fork, several factors should be considered.
First, ordinals are not the main reason for the increase in transaction fees on the Bitcoin network. Instead, it is due to the 1MB block size limit and the increase in the number of users willing to transact on the Bitcoin network.
Secondly, the creation of a new hard fork (UAHF) requires a significant amount of time, effort and resources to be spent on developing a new network and mobilizing the community. While the Bitcoin community, as a whole, strives for a single standard and does not want to be divided into several networks.
148  Economy / Trading Discussion / Re: Emotion and Trade? on: May 10, 2023, 01:56:24 PM
I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

In my opinion, in order to control their emotions, a trader needs an interesting lifestyle. 

In addition to trade, daily walks in the fresh air, trips to other countries, meetings with friends, sex with beautiful girls, attending music concerts and art exhibitions, dancing and meditation are necessary.  An interesting and vibrant lifestyle allows you to create new neural connections in the brain.  This enables the trader to use non-standard and effective trading mistakes, avoid strong trading stress and not make mistakes. 

In my opinion, trading should be organically integrated into the daily life of a trader.  This will be the key to successful and profitable trading in the cryptocurrency market.
It is a good practice to include a variety of interests and activities in your life to maintain balance and avoid focusing too narrowly on trading. But we should not forget that successful trading also requires strong skills in market analysis, risk management and financial discipline. An interesting lifestyle can help control emotions and reduce stress, but it's not the only factor in successful trading. Traders must also constantly learn and improve their skills, follow the news and market events and make informed decisions based on data analysis.
149  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you still hunt for airdrops? on: May 10, 2023, 01:53:11 PM
You are absolutely correct in your warnings against scam airdrops on YouTube. Some attackers use fake links and masquerade as projects to gain access to your crypto wallet and steal your tokens.
It is recommended that you always check the source of information about airdrops and do not connect your crypto wallet to unknown links. The best way to check the veracity of an airdrop is to contact the project team through an official communication channel such as a Telegram group or email and request confirmation of the campaign.
You can also check the information about the airdrop on the official website of the project. Do not trust airdrop links that appear in comments on YouTube or other social networks unless you can verify their authenticity. Be careful and don't risk your cryptocurrencies.
150  Economy / Trading Discussion / Re: Lets Brain storm on how to limit losses... on: May 10, 2023, 01:49:36 PM
Every trader has come to that point in their trading history where the had to battle many things when the made their major loss. Some might have had so many bad thoughts flying through their minds while others struggled with emotional trauma. Losses is what no body ever plans for but it happens to be one of the major experience every trader must taste.

Most traders have also had their greedy moments turn out too hash on them. Some out of taking revenge on the market made tribble loss and many who feel extremely confident even when they are making wrong analysis have also tasted losses. Some even jump into trading premature maybe after getting an overview of what trading entails the feel confident and wants to explore themselves.

What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?
As you rightly pointed out, market losses are an inevitable experience for most traders. One way to limit losses is to use risk management strategies such as setting stop losses and limit orders. It is also important not to let emotions such as greed, fear or revenge influence your trading decisions. It is also recommended to carefully analyze the market and conduct a sufficient amount of research before making decisions about trading.
151  Bitcoin / Bitcoin Discussion / Re: Bitcoin network fee, worrying sign? on: May 09, 2023, 07:44:26 PM
No, Bitcoin Sequence Numbers (NFTs) do not affect the fees required for future transactions. The fee for a transaction is determined by the demand for the transaction at the time it is sent and the current level of network congestion. If the network is congested, then users will charge higher fees so that their transactions are processed faster.
The bitcoin network congestion problem can be caused by various factors, including a surge in the number of users and transactions, the use of inefficient methods for sending transactions, inefficient fee selection algorithms, and other factors.
152  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: May 09, 2023, 07:40:55 PM
You are right that NFT content is usually stored on centralized servers, and if those servers go down, the content can be lost. However, thanks to blockchain technology, NFTs have a number of advantages over other forms of digital assets.
First, the blockchain is a decentralized and trusted technology that guarantees the safety of NFT properties such as ownership, authorship, and transaction history. This means that even if the centralized content server is lost, you can still prove your NFT ownership and sell it to other buyers.
Secondly, there are various projects and platforms that are working to solve the NFT content storage problem. Some of them use decentralized storage networks such as IPFS (InterPlanetary File System) or Arweave to store NFT content. These technologies make it possible to distribute copies of content across multiple nodes in a network, which ensures a higher level of content preservation.
Finally, many NFT creators also take care of the safety of their creations and provide access to original content or copies of it for NFT buyers.
153  Economy / Trading Discussion / Re: Trading Signals vs Own Analysis on: May 09, 2023, 07:38:32 PM
You seem to be drawing the right conclusions from your experience in trading. In fact, no one can guarantee 100% accuracy of signals, so traders should be prepared for potential losses and risks. However, if you can achieve an 80%-90% success rate on your trades, this can be very profitable for you.
It is also important to understand that every trader has their own style and strategy. Some may prefer to use signal groups, while others may spend time analyzing charts and looking for opportunities to enter trades. It depends on your personal preferences and trading experience.
In any case, for successful trading it is important to have a good understanding of the market and your strategy, as well as be able to manage risks. I wish you good luck in your trading!
154  Economy / Trading Discussion / Re: what is the support zone ? on: May 06, 2023, 06:25:18 PM
A support zone is a price level at which demand for an asset is expected to be strong enough to halt or reverse a price decline. When the price drops to a support zone, many traders see this as a buying opportunity as they expect the price to start rising soon.
Once traders have identified a support zone, they can use it to make trading decisions. For example, they may place a buy order at the level of a support zone, or wait to see how the price will behave at that level before making a decision to buy or sell. In any case, the support zone is an important concept for traders as it helps them make trading decisions based on the analysis of price data.
155  Economy / Trading Discussion / Re: Lets Brain storm on how to limit losses... on: May 06, 2023, 06:10:53 PM
One way to limit losses is to set stop loss orders that automatically close the position when the price reaches a certain level. This way you can protect your position from additional losses if the market moves against you.
It is also very important to have a risk management strategy and follow it strictly. This may include determining a certain percentage of your capital that you are willing to risk on each trade, as well as determining exit points from a trade if it starts to lose money. It is important to stick to your strategy, even if there are unforeseen changes in the market.
156  Economy / Trading Discussion / Re: Investing and trading in crypto: can make you or mar you. on: May 06, 2023, 06:08:59 PM
Cryptocurrency investing and trading can both make you and ruin you. Cryptocurrencies are high-risk assets and their prices can fluctuate greatly in a short time. At the same time, they can bring high returns if you properly assess the risks and make sound investment decisions.
If you decide to invest in cryptocurrencies, it is important to do your research and understand how it works. You must understand that cryptocurrencies are decentralized and do not have any central regulation. This means that prices can fluctuate based on various factors such as news, legal changes, technical issues, etc.
It should also be taken into account that cryptocurrency trading is a speculative activity, and can be dangerous for beginners. If you do not have sufficient experience and do not understand the risks associated with cryptocurrencies, you may lose your investment.
157  Bitcoin / Bitcoin Discussion / Re: What things do you study while choosing a wallet? on: May 05, 2023, 05:51:53 PM
As with any technology, there are several key factors to consider when choosing a cryptocurrency wallet:
1.Security: For me, security is the most important factor when choosing a cryptocurrency wallet. I research the reputation and security of a wallet before deciding to use it. I also check if the wallet uses multi-factor authentication, what encryption protocols and other security measures it takes to protect my assets.
2.Tech Support: I think it's important to have access to qualified tech support in the event of a problem with your wallet. Therefore, when choosing a wallet, I pay attention to the availability of technical support and the response time to my requests.
3.Transaction fees: Transaction fees are also an important factor to consider when choosing a cryptocurrency wallet. I usually look for wallets with low transaction fees to save money on transfers.
4.Usability: Finally, I consider the usability of the wallet. I choose wallets with a simple and intuitive interface, so as not to spend a lot of time learning its features.
Of course, everyone can have their own priorities when choosing a cryptocurrency wallet. But I believe that given these key factors, you can find the wallet that best suits your needs.
158  Alternate cryptocurrencies / Altcoin Discussion / Re: Why does Cardano get so much hate? on: May 05, 2023, 03:43:20 PM
There are many factors that could explain why Cardano is causing a backlash in the crypto community and the media. One of the possible reasons could be related to competition and confrontation between different blockchains and their communities.
Some crypto enthusiasts may be committed to other blockchains like Ethereum or Bitcoin and feel threatened by Cardano as a competitor. In addition, disagreements sometimes arise in the crypto community over technical approaches and development strategies, which can cause discussions and conflicts.
It is also possible that in some cases the backlash against Cardano could be due to a lack of awareness or a shift in media focus. The crypto market is very dynamic and competitive, and the media often focuses on those projects that are the most high-profile or discussed at the moment, which can detract from other projects that can also be successful and innovative.
159  Bitcoin / Bitcoin Discussion / Re: The fall of crypto influencers. on: May 04, 2023, 05:07:03 PM
I agree with your thoughts that bitcoin education will have a big impact on how people feel about cryptocurrencies and people's tendency to follow crypto influencers. With the emergence of more and more training programs for bitcoin and cryptocurrencies, people will have a better understanding of how this market works and what opportunities it can provide.
However, I don't think crypto influencers will cease to exist entirely. Even if people have enough knowledge to make their own decisions, they may still seek the opinion of experts in the field. Ultimately, it is important that people use their common sense and not rely solely on the opinions of others, even if they are crypto influencers.
160  Bitcoin / Bitcoin Discussion / Re: How useful is Bitcoin to the youth? on: May 04, 2023, 04:57:18 PM
Bitcoin can be useful for young people as it provides new opportunities for making money and managing finances in the digital world. Young people can use bitcoin to send and receive payments without having to open a bank account or get credit cards. This can be especially helpful for those who do not have access to traditional financial services.
In addition, Bitcoin can be useful for young people who are interested in blockchain and crypto technologies. It provides opportunities to explore these technologies and create new innovations in this area.
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