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1541  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are altcoins important? on: November 12, 2023, 11:04:49 AM
The price of Bitcoin has already grown by large amount. Now alt coins have more scope for growth. That is why it makes sense to invest more in alt coins. But one should have the skills to find good alt coins. Some good projects can still beat the potential returns with Bitcoin in long term future.

You can always make more money with altcoins it you know how to play your cards right. They're much more volatile than Bitcoin itself. Altcoins will always exist due to the fact that Bitcoin is open source. That allows anyone to experiment with the code and make a new coin out of it with better features. Without altcoins, there won't be a way to test Blockchain's limitations beyond Bitcoin. Having several "experimental chains" allows us to improve the core Blockchain tech for the better. The more coins there are, the better for Bitcoin.

Ultimately, the "King" is the one responsible of driving the industry all the way towards long-term success. You can see how altcoins "pump" when BTC goes all the way to the moon. Considering that there's momentum for Bitcoin, I'd expect altcoins to become bigger and stronger than ever. Hold on tight as this is going to be a wild ride. Just my thoughts Grin

You are right, we are already witnessing the ride wherein more than Bitcoin we have see Altcoins have pumped just like they did in the past and I thought to choose Bitcoin for its stability or less volatility compared to Altcoin, at the same if I need some quick profit I have to get into Altcoin, I have already witnessed it as I had invested into SOL when it was trending around $8 and cashed out when it reaches $25. I think Altcoins will exist but it would be survival of the fittest as there are thousands of Altcoins and some don't even have a clear roadmap and some have unrealistic vision. If we choose Altcoin wisely we can accumulate good amount of profit but hodling on to Altcoin on a longer run will not be a wise move because just like they pump they are prone to dump as well and not all the altcoins recover from the dump like Bitcoin does.

1542  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can Solana hit $40 this year? on: November 12, 2023, 10:16:30 AM
Solana is rallying high, it's like super car that's cutting through the chase in current market. I expected it to rise but not this sharply. It's almost 3x already in just about a month and bulls are just getting started. I think we might see it cross it's previous ath this time.

with 45%  growth in the last 7 days and 26% just of 24 hours ? https://coinmarketcap.com/currencies/solana/ yeah it seems that SOL is not yet finished and maybe will grow more and more in the coming days , but what I wanna hear if this growing will continue till December? and how much or percent is the estimated increase of SOL before the Bull that will surely add more Pump in this said coin.
Day by Day that Solana is increasing while other coins are just single digit hype but Solana has double digits up to now from couple of weeks ago.
also almost breaking USDC capitalization things that made this grow really high leaving Cardano almost half of its capitalization .

Hey some of us have already missed the entry point and I had invested some when it was trading around $8 but unfortunately cashed out at $25 with around 3x return and i understand that it's hit $60 mark today but I feel SOL may not reach new ATH because that has been the trend with all the other ATH as they hard new ATH once it has achieved ATH in previous bull run.

If you are a a day trader then you may enter Solano now because it's fluctuating and you can earn due to these movements but if you want to just invest and leave and not for a longer period of time then better wait and check if the value sustains above $50 even after a week or drops down. There would always be FOMO and we have already missed the entry point and it doesn't make sense to enter now.

This is my opinion based on my experience with Solano.
1543  Bitcoin / Bitcoin Discussion / Re: How many bitcoins do ordinary people have? on: November 12, 2023, 09:20:15 AM
Majority of them would be owned by whales and big corporates as a long term investment but as far as ordinary person like you and me are concerned, most of us might not have even half Bitcoin even if I exaggerate the numbers. Most of us would have been financially good had we accumulated Bitcoin at its early stage and I have known few of my friends who still hold couple of Bitcoins as they accumulated in during 2013 when the price was less and they did the same thing again in December 2019. But that's really rare that ordinary person hodling Bitcoin and just because they invested early it takes them out of ordinary person's league. We might never get the actual number since it's not centralized.
1544  Bitcoin / Bitcoin Discussion / Re: Is bull run best time to promote Bitcoin related affiliate programs? on: November 12, 2023, 08:13:48 AM
There wouldn't be any more perfect time to run Bitcoin related affiliate program as the recent surge in price of Bitcoin has become talk of the town and we anticipate a full fledged bull run if there are no set back, more people will be reading and searching about Bitcoin. But, it has its own drawback as more scam and shaddy projects will start doing this to target new Bitcoin adopters, regardless you may go ahead with affiliate program but a genuine one.
1545  Alternate cryptocurrencies / Altcoin Discussion / Re: Tricky situation for Altcoin investment on: November 12, 2023, 07:04:35 AM
You are right! Though it is not wrong for anyone to believe that coins that are low priced have the potential to rise and make crazy gains, I think some people do it too much (not just newbies but especially them). They always think that the token that has its price as $0.000001 has more tendency to increase than that of $0.01. While this can be true, there are a lot of factors that will determine which token is better. The tokenomics matters a lot; how many tokens are in total? Can more be minted?!! What is the respective token allocation/distribution to different segments of the project? The team behind the project is super important as well. The token use case also matters.

100% aligned with your opinion as there are factors like tokenomics which define what is possible what is not, I am purely referring to those new tokens with huge supply and price promise if we calculate them they estimate that surpasses Bitcoin market share. It's a human nature that they assume anything priced lower has high possibility of increasing by multiple folds, but whoever has tried this method would have always had to swallow the bitter pill including myself and we are more realistic now than every after witnessing multiple bull and bear market.

It pains me to see how people are making same mistake by reinvesting into FTT which has already abandoned us, until we have people like these it would be a cake walk for scammers to loot us in the name of Altcoins and false promise. This is the best example as people are investing in FTT is because it was under $1 three days ago and almost touch $5 and now again in decline but it was trending in $85 during it's peak henc people think even if it reaches half of it they will have huge gain which is not gonna happen
1546  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You Think Staking is the Perfect Passive Income Strategy in a Bull Market? on: November 11, 2023, 11:36:18 PM
No, it's vice versa as staking your coin gives you a fixed return which gets accumulated in the same coin which you have staked hence it would be more helpful if you do it in bearish season, let's say we have staked Solano when it was trading around $8 during the bear run and now if the tie up period is over we will have solana with 7x profit along with the accumulated interest.

But if you stake during bullrun you will earn those interest but what if your time period for staking doesn't end during bull run and by the time it's over if the value of coins drop ? There are chances that you will end up losing on your capital even if you have the interest profit, then either you wait for one more bull run to sell or sell it at lesser price. I don't prefer staking especially during bull run but I have staked during bearish season snd it has been fruitful.
1547  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum and BlackRock on: November 11, 2023, 10:01:46 PM
Ethereum is my most trusted Altcoin but at this moment if one wants to invest in Ethereum only because BlackRock has filed for Ethereum then you are a short term investor and I would say this is not a right time for short term investors because it would be foolish move to invest based on a event wherein outcome is not clear yet, if you a long term investor then anytime is a good time to invest and one can do it during correction phase to make most out of it, short term traders should wait for a market correction to buy at dip as we have seen surge in price of all the crypto coins since the month of October hence this won't be an appropriate time to buy. It's my suggestion based on my experience and I would suggest you to do your own research and don't take any suggestions here as financial advice because we could be wrong.
1548  Bitcoin / Bitcoin Discussion / Re: Bitcin does not support financial crimes and is not involve in political affairs on: November 11, 2023, 09:15:20 PM
This is nothing more than a smear campaign against Bitcoin which the government and other mainstream media always does and this time it has utilized the ongoing conflict to gain more traction. There were wars, terrorism and illegal funding long before Bitcoin's presence and they are trying to link terrorism with Bitcoin & crypto to tarnish it's image and to create some sort of fear in people's mind about crypto. It's better baseless as usual, They will fail this time as well like they did in the past and it's a failure ont heir part that they didn't speculate this and had proper Intel about the conflict and now trying to shift the blame over crypto currency. These conflicts are happening for over 50 years and we should question the. that if crypto is used as a medium to collect donations then what was the medium which was used for terror funding before existence of crypto.

We just need to ignore these news as people with even slightest common sense would understand the intention of this news as they used similar claim for isis as well.
1549  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Govt Conspiring Via FTX ??? on: November 11, 2023, 08:06:12 PM
I just don't trust this exchange anymore as I have responded to a similar post on other section about FTT, it's a trap and why would we give second chance to an exchange which has already ruined life of many and on what basis? I see lot of people investing into it especially in last three days in moment of heat but what about long term when the coins once again becomes zero either drastically or gradually. Crypto market is all about reputation and we have hundreds of projects and exchanges to choose from so there is no point of sticking to this exchange as it wouldn't take long for them to chest on us again.

Rather, we should boycott such exchanges and even if they revive back with full guarantee there is no way they could compensate those who have already lost because either the ones who have invested in their token has sold it for lesser price and even if they are hodling it still they would be recovering 20x less than what they would have purchased it. Even exchanges like Binance should delist this coin.
1550  Bitcoin / Bitcoin Discussion / Re: What if some country decides to pay pension to working population in bitcoin ? on: November 11, 2023, 07:12:42 PM
What if some country decides to pay pension to working population in bitcoin ? What percent of people will agree to getting pension in bitcoin in your opinion  ? What will be the benefits and limitations of this occurrence in long term on people and economy ?
If any country in the world takes this initiative, then I think it would be best from my side. Again, I see many people who will take this plan badly, and they will never accept the fact that payment by Bitcoin. However, if the government of a country takes such a decision by approving Bitcoin, then it is natural that all individuals must accept it and take the initiative to pay pension with Bitcoin. Although Bitcoin is currently being used in many countries around the world and people are buying a lot of Bitcoins, the popularity of Bitcoin is much higher than before. And I think if this initiative is taken in every country, maybe 30%/35% percent people will be able to take it. Because only those people who believe in cryptocurrency will take this initiative and the rest will take it as a negative. However, if a pension is paid by Bitcoin, then surely an individual will benefit if he can hold it successfully for a long time in the future. We know Bitcoin is a store of value and anyone who holds this Bitcoin will surely earn a profit and become financially self-sufficient.

 I think 30% to 35% is an very exaggerated number as i don't think even 10% of people would like to receive their pension in Bitcoin. Just imagine those who will be pensioners now would already be in their 60s (taking global average) and most of the Bitcoin users, investors and adopters are in their youth or mid age so it would be alien for pensioners and I am a Bitcoin supporter and it's less volatile than othe crypto and I would say it will only give profit on long term but why would pensioners want to risk their  pensions because if it happened to be a bearish market their money will get struck,  they will panic sell it and regret and at the age when you have lived most of your life and living last quarter there is no a guarantee of life to wait for market to recover.

It would be unnecessary stress for someone and create anxiety I don't think this is a feasible idea. Maybe down the line after a decade or so when the people of current generation reach that age it would make sense as they know about Bitcoin.
1551  Economy / Economics / Re: New business idea. on: November 11, 2023, 01:37:13 PM
This is a good idea but will not work for worldwide market because groundnut oil is not used throughout the world, even within a country groundnut oil is used based on regions, for example in India it's used in southern part of India wherein north, west and east have there own staple and they prefer different oils like mustard oil and all. Most commonly used oil is sunflower oil as it's used throughout the world wherein organic groundnut oil is more expensive than sunflower oil but it has its own health benefits so it can be advertised and sold for health conscious customers but I the problem is the people will go for the one which is more cost effective unless they are from first world countries.

I have been to the groundnut manufacturing plants and it requires lot of efforts and proper procurement of raw materials, I would suggest you try at smaller scale but it involves a hefty machine costs, we can give a try at small scale after going through proper training not just by going through a random YouTube videos.

Just a suggestion from my end, try utilizing dry vegetable power business as wel it's not as difficult as groundnut oil but profit yield is more
1552  Bitcoin / Bitcoin Discussion / Re: Can anybody help me debunk the Tether risk? on: November 11, 2023, 11:57:48 AM
This is a very important topic which everyone should be worried because we have assumed Tether will sustain forever as claims as USD of crypto but till date there has been no proof to prove that they are back by reserve as it's an assumption that it has been in the market and one of more adopted stable coin it will have reserve but sooner or later this is gonna upset everyone like other projects. I remember few years ago there were talks of banning crypto in India and the value of Tether against the Indian rupees dropped by more than 50% which shouldn't the case with a stable coin if it's backed by reserves and they can easily manipulate to show the reserves it's not rocket science, it's not only tether but all the other crypto stable coins as it's just a matter of time one reputed stable coin goes down they it will create such a panic thay people will start dumping all the stable coin altogether. Never hodl massive amount in Tether or any other stablecoin.
1553  Alternate cryptocurrencies / Altcoin Discussion / Re: Will FTT token everly hit it ATH again? on: November 11, 2023, 10:31:45 AM
This is pure gamble and we should never trust these pump and dump tokens ever, it's a trap I am telling you from my experience. Never ever think that abandoned projects will reach ATH and there are zero reason one should even be trading this token as it's a bubble which can burst anytime and boom all your investments and holding will be vanished like it happened. I don't think we should even discuss about FTT all time high rather we should be making people aware that it's a scam is back to pool some more money from naive investors, I am sure most of these who have invested into FTT and got more than 2x profits will not be cashing out yet in greed of more returns just to end up losing I mean there is nothing backing up this project and still it's pumping hard which means it's a pure manipulation.
1554  Local / India / Re: India trained 3,000 police officials on crypto investigations in 2022–2023 on: November 10, 2023, 09:31:45 PM
This should have been implemented long time ago but regardless it's a really good step which the government of India has taken as these scammers has to be tracked down and put behind bars, educational about crypto will still remain a challenging task considering the total population and there has been a lot of online related frauds happening in India and if you are not aware then see a documentary called "Jamtara" on Netflix it will shed light on how innocent people are getting scammed, when they are able to scam people by impersonating as Ecommerce, food delivery app and banks where sensitive information is required then imagine the level at which they can scam people with crypto.

I just wish these coos don't hand in glove with the scammers like they did in a recent crypto scandal uncovered. Not only India but whole world needs to take steps to educate people on crypto and identifying scams.
1555  Alternate cryptocurrencies / Altcoin Discussion / Is NFT and virtual real state project the biggest scam in past 3 years? on: November 10, 2023, 07:52:19 PM
NFT tokens and Crypto based real estate project the biggest scam to take place in last 3 years and I have listed the reason why I have come to this conclusion:

What's the use of NFT token in real life? for example altcoins have something to help with in real life and for example XRP has payment system, ETH has smart contracts which enables DApps but what is NFT it's just a digital representation and people wouldn't have invested into it, had it not been endorsed by celebrities and the Hype created. This would be a possible money laundering technique as we have seen some big shots had already bought literally a digital painting which is nothing more than a graphical illusion for millions of dollars which has zero use it's neither a product nor a technology or services.

What concerns me the most is the fact that people are fooled so easily to believe on everything they end up investing in these NFT projects and real estate projects just to life in the virtual world but in real world these has no uses.

If you feel my statements are incorrect then please share your response with a justification.
1556  Alternate cryptocurrencies / Altcoin Discussion / Re: FTT Token on: November 10, 2023, 05:58:49 PM
Something is cooking up again and I am in utter disbelief that the trading volume of FTT is trending around $267 Million in Binance alone, noobs has started investing into it once again as it has seen an increase of more than 200% in last two days thus investors have started to blindly invest into it and I just wish this doesn't end like Luna where people were investing even after the coin was dumped and almost equal to zero just to earn some quick money during the price rebound which happens before completely going dead and people lost a huge amount. I just hope they don't repeat the same thing all over and it's frustrating to see how can people invest in something which is a dead coin and it's a mix of sheer greed and lack of knowledge which are the reason why people are still investing into this coin.

People with greed just thinks that this coin will at least reach 10% of what it was before debacle and people who are new to crypto don't just look at the recent price increase and invest without investigation or doing any analysis about the coin. I would never invest in this ever again.

There is no future for this coin it's just one more betrayal awaiting for users when the least expect it.
1557  Economy / Trading Discussion / Re: Must Read: Scams disguised as premium signal groups/channel on: November 10, 2023, 05:11:14 PM
Doesn't matter how good you are at analyzing scams and legit things that will always be people / scammers coming with new ideas every day.
That's true that they're coming up with new ideas every time they're being busted with their former method.

But the good thing about being a good analyzer of these scams is that  you're able to provide info to the ones that don't have an idea yet of that scam you've figured out.

That's why sharing it to these forums like BTCTALK is one way to go and if they listen, that's good but if they don't, that's their loss.

These signals groups have been long debunked but still they exist because many don't listen.

Yes, it's their loss when they don't listen and keep falling for one or the other trap when these scammers comes with new tactics. I have started joined one such group and their YouTube channel where they offer free signals and as well as premium only for paid subscribers over telegram and in the last 6 months they have made so many predictions which went against them and they even disabled YouTube comment section as users started posting negative stuff about the channel and all of a sudden I see these guys boasting about their prediction as few recommendation they made and asked us to invest in some altcoins 6 months ago has performed but if we check all their predictions in last 6 month they have suggested more than 150+ altcoins, now they have picked few altcoins which has pumped during the month of October and gaining more subscribers/paid participants.

People should just think about one simple fact that these guys would be billionaires if they can predict so accurately and all the subscribers will be billionaires as well and they will not be asking for $100 or some amount as a subscription charges.
1558  Economy / Trading Discussion / Re: Mistakes to watch out for on: November 10, 2023, 11:13:27 AM
Trading is something that is very risky and no matter the strategy that you use, you have the high probability of losing because it is hard to predict what happens next with bitcoin price movement. Another thing that i noticed is that the strategy that works for you might not work out for the other person.

I have used many strategy to trade but I still run at loss and that was why I decided to stop trading because of the risky involved in it. Professional traders don't make profit everyday even upon that they understand the market more. Bitcoin market is too complicated for anyone to understand it all and that is where traders make mistake at loss because they think that they have understand the market fully. Only trade with the amount that you can afford to lose.

In my opinion tradin can be profitable, provided you know how to set take profit and stop loss. I have fair share of trading experience of running into both profit and loss, whenever I have lost a trade it's purely because of my mistakes like selecting some shit coin just because it pumped or becoming too greedy and not setting stop loss. But if you trade in Bitcoin the risk of running into sudden loss is very minimal unless it's a sudden dip which happens very rarely in Bitcoin. Full time trader has their own strategy and as you mentioned even they may not achieve profit everyday but they do definitely earn profit even if it's a week long, month long hodling which we don't forecast.

It's simple that follow certain rules by creating them like percentage of risk taking, when to take profit and which coins to invest, number of traders per day. These are hygiene metrics of trading because most of us losse due to not following it
1559  Economy / Services / Re: [OPEN] [banned mixer] - Premium Mixing | Sig Campaign | Up to $210/W on: November 10, 2023, 08:48:56 AM
Username : Kentrolla
Bitcoin SegWit Address: bc1q9k0czpxx5zlxjfxqzeqe9kclhw3pamtf6y9nyk
1560  Alternate cryptocurrencies / Altcoin Discussion / Re: XRP airdrop incoming for the Uphold users on: November 10, 2023, 05:50:17 AM
This coin is not even a crypto and possibly first centralized coin to make headlines in crypto industry and I am not sure the reason behind this airdrop, may be they want to gain attention as it has lost it's charm because at one bank this was supposed to be a game changer but why would anyone invest in such which doesn't have supply and it's just like dollars wherein it's not backed by anything and team can add more XRP or take it out from market as it did in the past just to fluctuate the price for their benefit. In last one year or so there was one incident where it pump hard and then again it went hibernate mode. It's waste of time, money and effort to invest in such coin no matter what they offer in return like these cheap airdrops which costs them nothing but trying to gain customer base by incentivizing hodling of XRP which won't work.
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