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1501  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba is worth the risk on: October 16, 2021, 05:27:14 PM
Many hesitated to buy Dogecoin all in the name of ( it's meme coin ) and today Dogecoin is 0.25$, something we believe to be impossible in 2017-2019, I was once a 1million + doge coin owner until I sold too early, yea I know Elon musk pumped the coin but think about what a million doge coin would have turned your lives into right now if you bought at 0.00+++, my advice is a million shiba inu won't cost you more than 20-40$ as we speak, that's kind of money everyone can afford to lose, if altcoin season is going to be like 2017ish period this shit coin can surge up to the impossible level

I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Shiba Inu definitely isn't a shitcoin anymore that's for sure, they have launched their platform called the ShibaSwap making it more of a utility token quite different from Doge coin, also it's listed on all the major exchanges which means trading money will always flow in this coin, so until we are in a bull run, you are right Shiba inu is a good Bet, but obviously just for a certain portion of your Portfolio, but also don't expect it to exponentially explode, it can give you decent 300-400% returns and that's it.
1502  Alternate cryptocurrencies / Altcoin Discussion / Re: Your opinion, NFT last long or not ? on: October 16, 2021, 05:15:26 PM
Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?

https://www.bbc.com/news/technology-56371912.amp
Obviously NFTs are here to stay for long. By NFT I means the technology of NFT and not individual NFTs, the technology definitely would stay here for a long long time but most of the hyped NFTs today might not even fetch their mint prices in the future. The way developers of most of the NFTs are behaving, it's pretty clear that all they wanted was money and not building a community, because most of the projects are already abandoned, only a namesake development is being made in most of them, just like it happened with altcoins and then defis, just a few would eventually stay.
1503  Economy / Speculation / Re: 60k price recovery achieved on: October 15, 2021, 07:48:29 PM
This rise isn't backed by any tweets or announcements (not that I know of at any rate) by any individuals, or, corporations, so I would expect that the price may rise about another $10,000 and then plateau at around $72,500 by year's end.

Investors were excited when the car salesman talked up bitcoin then were spooked into dumping when the car salesman talked the price down.  Time to move on and promote Bitcoin and it's full potential.
I have heard it's backed by the ETF expectations floating around. Even though I have even read news that states that SEC has not approved Bitcoin Strategy ETF yet but still some people are saying that it's actually approved but just not being shown to the general public, anyways, I think tweets and news are just excuses, in reality, the price is influenced merely by how the Whales want to take it, it's just that this news gives them a momentum shift which they can use in their favour and make the move even more powerful because retail participates too based on the news. While in reality, the move was anyways going to happen even if there was no news.
1504  Local / India / Re: India has the highest number of crypto users - over 10 crore on: October 15, 2021, 07:07:34 PM
A series of news doing rounds in the Indian media channels and magazines that India tops the list of nations with highest number of crypto owner. The number claimed is a whooping 10 crore plus.

Ref: https://www.news18.com/news/tech/with-over-10-crore-users-india-has-highest-number-of-crypto-owners-in-world-report-4321997.html

Do you believe it?
I don't know why I think so but 10 crore looks huge, with internet access to 50% of the population which means around 70 crores, I am surprised that 1 out 7 of them have held cryptocurrencies and if cryptos have become so popular in India how the hell will the government be able to ban it? I think crypto already has gained enough steam to become the next big thing in the country. The thing that surprises me the most is that government had to run hundreds of schemes to educate people to open bank accounts and despite that people are reluctant about it but no one ever promoted cryptocurrencies and yet we have more than 10 crore users holding these.
1505  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 15, 2021, 07:04:08 PM
Ah here we go once again, CSK takes the IPL trophy for the 4th time. Most importantly the critics from last year who were saying things about Dhoni, as well as the whole team, saying it's now an old team with no young guns, they need to change the captain and everything will now just shut up. Honestly speaking after playoffs, I wanted DC to win this year as I wanted a new winner, if not DC my second choice obviously was KKR. But anyhow CSK was a better team this year, and UAE which was like a rebirth for KKR this season couldn't fetch them the trophy, in the finals too KKR failed terribly both in bowling as well as middle-order batting, end of the domestic season let's get ready for the international season now.
1506  Bitcoin / Bitcoin Discussion / Re: What Bitcoin stands to gain when the government prints more currencies on: October 15, 2021, 06:18:09 PM
Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
But doesn't this raises a question on the usage of bitcoin as a currency? If its value keeps on increasing this way how would one be able to spend it? A rational consumer would always tend to keep the currency rather than spending it because he is expecting its value to grow tomorrow. I think there is no way bitcoin can be used as a currency in the longer term, yes CBDC might be a good alternative if they don't contain the property of unlimited printing, otherwise, we need to look at some option that doesn't rise in value so much, especially in such a short term.
1507  Economy / Economics / Re: What do people think about CBDC? on: October 14, 2021, 08:37:49 PM
As noted by the OMFIF report the main activities to pursue a large-scale CBDC, closely followed by the answer, lie in improving speed and cost effectiveness. It can also help overcome existing system limitations, especially in terms of system security and resilience. A large scale CBDC can reduce operational risks and operating costs due to capacity building as multiple major assets become tokenized and recorded on scatter boards.

I wonder if a lot of people are interested in it here? But now I am seeing a lot of the central banks of the countries announcing that they will develop CBDC in the near future. Now, personally, I think the leader in this field is China, could this be another race on the cypto front between the USA and China.

Show me your view on a possible upcoming trend.....
Definitely yes, with more and more countries focusing on their financial inclusion as well as on digitizing their economies, nothing other than CDBCs can provide them with the required level of security, also this will be a great way of showcasing for these countries that they are accepting cryptocurrencies but all you have to do is use our own CDBC which too is a cryptocurrency, the race has already started and seems like China will win it because it started way ahead of others but the implementation of such a system would still be havoc, personally I don't think so highly of CDBC, because I know the governments, they will just give fiats wrapped in an all-new box, they will still add some functionality to control the money supply which means these currencies would once again be inflationary and not deflationary.
1508  Economy / Trading Discussion / Re: Gate.io Exchange Review 2021 – Details, Trading Fees & Features on: October 14, 2021, 08:10:10 PM
Have ever used Gate.io exchange for crypto trading? I would be happy to share some thoughts and discuss the details, features, and services of this digital assets trading platform.

Gate.io exchange was established in 2013 in China. Gate.io provides crypto-to-crypto exchanges and Yuan OTC trading services.

Gate.io offers various trading pairs and altcoins. It also provides free-of-charge listing, margin lending, borrowing, and margin trading with leverage on cryptocurrencies.

Supported Cryptocurrencies

Gate.io supports BTC, ETC, EOS, Tezos and its native Getechain Token and many other cryptocurrencies.

Pros and Cons

  • Mobile App is available
  • easy registration process
  • Compatible with more than 200 cryptos
  • IEO platform
  • Users can access real time information on crypto markets

Cons:

  • Fiat deposits are supported
  • Unregulated exchange
  • The interface is not newbie friendly

To conclude, Gate.io is one of the top cryptocurrency trading platforms in the world. Gate.io is renowned for its trustworthiness and efficacy. Please also refer to Gate.io Exchange Review article for more information.
Everything is all fine with gate.io exchange until you realize the fees of the exchange is too hefty, they charge 0.2% as trading fees with zero discounts which are almost 3 times the fees Binance charges if you pay using BNB. Also technically they aren't offering anything different than Binance or FTX. It obviously was a good option for US citizens earlier because it was headquartered in US itself but now with Binance US and FTX US which are dedicated exchanges for the US in picture, it makes almost zero sense for anyone to choose Gate exchange over Binance or FTX, even the number of coins on Binance/ Kucoin is much higher than on Gate.
1509  Economy / Trading Discussion / Re: Tools and Indicators on: October 14, 2021, 12:53:27 PM
I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?
On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.

how accurate are the data provided by the onchain analysis app provider?  some are just watching those whale alerts.

one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.

No one can obviously vouch regarding accuracy of the data, but Cryptoquants I think are the most popular platform which provide this data and they themselves give alerts too, I think their data is somewhat accurate, RSI & all the other indicators are just the derivative of price and volumes, these two things can easily be seen in the chart itself and when everyone is doing these things you need something different, tracking of movements of funds of whales & FII has always been a very important component of Technical Analysis, even the stock market traders do it a lot.
1510  Bitcoin / Bitcoin Discussion / Re: Putin believes Bitcoin has value on: October 14, 2021, 12:50:12 PM
Russia is adopting a different attitude towards cryptos than China. President Putin has come public saying "Bitcoin has value but it cannot be used in the Oil trade"

I guess Putin didn't still fully grasp the real potential of cryptos as he says
Quote
“Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.”
But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.
Why would any country use it for the Oil trade? especially the countries which receive foreign exchange from their customers in return for Oil. It makes zero sense for them because their currency is gaining strength if they are using it for exports and at the same time gaining foreign exchange too. Even if they realize crypto is important and has a lot of potentials they still won't start using it for trading unless the buyer proposes them or forces them to use it for trading, Yes CDBCs can give rise to different scenarios but they are definitely not going to use main stream cryptocurrencies for this purpose.
1511  Economy / Trading Discussion / Re: Choosing best Crypto-Exchange? (For Newbie) on: October 13, 2021, 04:11:53 PM
I don't think there are a lot of exchanges to choose from which could satisfy all the conditions and needs of a trader. I think the equation is pretty simple if you are interested in just hodling cryptos then you should never go for an exchange, look for any wallet which gives you the private key which means you are the owner of your funds, if you are a trader who wants to trade in various currencies best way is to go for Binance/ FTX/ Kucoin/ Kraken. Only these 4 exchanges have enough volumes and enough coins for anyone to actually earn money and remove unnecessary slippages. Binance is even best when it comes to fees so makes it one of the best exchanges. If you are more into derivatives like F&O then FTX is much better than Binance.
1512  Economy / Trading Discussion / Re: Tools and Indicators on: October 13, 2021, 01:22:07 PM
I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?
On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.
1513  Local / India / Re: It seem we are in the top 10 nations with most awareness, interest in crypto. on: October 13, 2021, 01:17:01 PM
I today came across this article published in a reputed Financial newspaper. The ranking is based on the number of crypto owners, the global crypto adoption index, and other factors, It states that India is currently the seventh most ‘crypto-aware’ country. We were ranked among 50 nations on the level of interest and awareness for cryptos among its people. This study has been published BrokerChooser. I am not sure how reputed these guys are but I am happy to hear that we are in the top 10. Please do read the article and share your feedback.

Code:
https://www.financialexpress.com/market/crypto-country-india-among-top-10-nations-with-most-awareness-interest-in-cryptocurrencies-says-report/2347355/
I am not much surprised with the score in fact I expected India to be ranked even higher on this list because we are the 5th largest economy of the world and have the most IT professionals in the world, with such a huge population working in IT industry it's obvious that crypto adoption would be much higher in India. Also, people love to hide their incomes in India to avoid taxes, cryptocurrencies act as a great avenue for those people too providing them a great place to keep their incomes and assets hidden, the irony would be when the government decides to ban cryptos, a nation which ranks 7th on the adoption index would see a drastic fall if something like this happens.
1514  Bitcoin / Bitcoin Discussion / Re: I am new to Bitcoin and have been using Coinbase only. on: October 10, 2021, 06:33:25 PM
I am new to crypto and everything I have done has been strictly through Coinbase. I don't have a key or anything like that.

Is my crypto safe?

What can I do to make it safer?

Everyone talks about keys, what exactly is a key. Where can I purchase one and how does it work.

Thanks and good luck to everyone. I am already up about 22 percent on my investment and extremely happy. I do feel that BTC will go to the moon.
We generally have a saying "not your keys, not your crypto", which means that when you are not holding your private key of the wallet while using coinbase, the bitcoin that you see aren't technically yours, coinbase can go down any day and you can lose all your bitcoins, coinbase is even prone to hacking which means your funds can be hacked too, a simple way to keep your funds with yourself is using a private key wallet, just download a simple wallet like Mycelium wallet on your mobile phone which will give you your private key and your funds are absolutely safe in there, you won't be able to buy sell like coinbase, but you can send receive money at just network fees. You can use Electrum wallet for PC.
1515  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 10, 2021, 05:30:51 PM
The first playoff match between Delhi Capital vs Chennai Super Kings will be played tomorrow. The team that wins will play in the final. Delhi have beaten CSK very well in the two matches they have played against CSK this season. Will we see the same result in the third match?
Kolkata is leading in net run rate. Although they are the fourth team at the table. Will they be able to show any surprises, or will they lose against RCB? What do you think? In the previous match against RCB, Kolkata had a very respectable victory. RCB lost all their wickets for just 92 runs.
My prediction is that CSK will beat DC comfortably and advance to the finals while KKR will win against RCB narrowly. You shouldn't focus too much on past results since this is the IPL where unexpected stuff happens on a regular basis.

For example, I never expected MI to not even qualify for the playoffs at the beginning of the season.
I don't think it's going to be easy for CSK now, they were lookin good made a good partnership but then quick fall of wickets have once again brought DC back in the game but only problem DC have is that CSK has a list of excellent finishers even if the wicket falls Jadeja, Bravo and Dhoni, you need very tight bowling right until the last ball to take away the match, I still think CSK has 75% chance. I don't know if they do it intentionally for the betting market because it looked like a simple win for CSK at one time.
~snip~
I would prefer if you're running the pool but i do agree majority are not interested in the paid pool. Current lot of IPL participants could join tho.

~snip~

@teosanru

Count me in.
1516  Alternate cryptocurrencies / Altcoin Discussion / Re: PreSearch search engine|| A crypto friendly browser on: October 10, 2021, 04:30:27 PM
This project has really got some buzz lately after even Google had some partnership or something with them, this project really has the potential to overthrow the big search engines like Google/Bing, an incentive based browser where the revenues from advertisement are shared with the consumers too, this way it's not only Google which is getting rich it's the consumers too which are getting some incentive for watching ads, this project is really a very essential towards the dream of web 3.0
1517  Economy / Trading Discussion / Re: I need to learn techincal Analysis? on: October 10, 2021, 03:59:38 PM
I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?
If you are in the market for a very long term then there is no need to learn technical analysis all you have to learn is studying different projects and investing in the best projects. If you want to do trading in smaller time frames then obviously you have to learn charts and money flow to ensure you know what to do in the market, all this forms part of technical analysis which is a study of when to take entry and when to exit along with a study of position sizing and risk management.
1518  Bitcoin / Bitcoin Discussion / Re: Can China Ban on Bitcoin have any negative effect on Bitcoin in future? on: October 10, 2021, 03:16:27 PM
Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.

But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
Not at all, no one country no matter how strong and powerful has the capacity to stop or even make a last effect on bitcoin, blockchain companies now have become pretty large and have a lot of funds, most of these companies operate through tax Havens where big countries cannot impose their laws, talking about retail consumer they anyway Don't impact bitcoin price a lot, infact a lot of people in China use VPNs to operate bitcoin and Cryptocurrencies, this means that Bitcoin and cryptos today are impossible to stop because big smart money has already moved into cryptos.
1519  Economy / Economics / Re: Investors Spent Millions on 'Evolved Apes' NFTs. Then They Got Scammed on: October 09, 2021, 06:34:31 PM
https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed

You may be wondering at this point about why I am posting these kinds of news, doesn't everyone know that NFTs are impractical at this point?

And to this, I would like to direct you to this article.

This shit still happens, and it happens every single day.

What is the point of spending your energy convincing people to buy Bitcoin and other cryptos when scam artists divebomb victims every single day?

I will hence post about every single NFT scam that I can find information about until this shit stops.

We could simply sit back, relax and laugh at the stupid idiots who throw their money at this. But what do we achieve?




I don't understand why are people surprised by this? I am expecting more of this to come very soon. NFT craze has reached a level which is now called stupidity, everyone just coming up with the same idea by applying a new label on the same old shit, all of them claiming to make a community that big and lucrative which no one else has seen until now, in fact few of them are promising to make a metaverse altogether, honestly speaking even if 2% of the total NFT projects do what they have committed in their roadmap I will really be surprised. NFTs are just another get rich quick scheme which is making a few people rich while it's going to make a lot of them poor when the dusts setttle.
1520  Local / India / Re: Leke Pehla Pehla Pyaar on: October 09, 2021, 06:12:08 PM
Damn, you guys won't believe this. Another song I was hearing today 'randomly' is showing crypto symbols.
This video was suggested by the Youtube algorithm. The video has 2 symbols out of which one was bitcoin and the other one is Euro I guess (correct me if I am wrong).

Link : https://www.youtube.com/watch?v=n2LBCywLYZk

The coins were displayed only once throughout the video. Occurrence was on 02:02
I liked the line the singer said while these symbols were shown.

The line is : I be making money while I'm sleeping  Grin Grin
Which is indeed true LMAO

@pakhitheboss @amishmanish @JSRAW @teosanru
First of all if youtube showed you this video just because of the Bitcoin sign then I am shit scared of this algo, is it so good that it can even intercept which screen you saw multiple times and then recommend likewise content or is it just because this too is a new music video? Anyways bitcoin surely now is a sign of getting rich dudes, looks like we should make some merchandise for ourselves with a hashtag of bitcointalk or at least telling people that we are the early adopters, I don't think there is much meaning left in hiding your identities from people, crypto is mainstream and trendy now.
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