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1541  Economy / Economics / Re: China economy and how they handle Covid-19. on: July 02, 2020, 04:19:45 PM
Do you think each and every country can achieve this kind of approach to this pandemic? Can they recover faster from this struggle economically?
Damn, I’m just getting to know about this. So, China has been able to beat this Coronavirus? Shocked While other countries are still struggling with it. They even seemed to be prepared for it, they didn’t waste time in battling it when it started to spread, despite the fact that they have one of the largest population in the world (if not the largest) but they were still able to win the battle against Covid-19. I just checked now onWorldometers.info, and the active cases in China is just 421, whereas other countries are having thousands of cases.

when something like a big pandemic happens, they would basically close it all down and let those people die instead of actually trying to make it like other nations.
I agree because it is confirmed by their policies over the decade. Their communism is overshadowed by dictatorship kind of policies. China cannot be example for anything regardless of how they have built their world second largest economy in last 2 decades of times. They got manpower to achieve that at the same time it seems they do bother human lives the least even with their own people.
1542  Economy / Economics / Re: Is global adoption of Bitcoin possible post-Covid? on: July 02, 2020, 07:46:08 AM
We place too much of a responsibility on Bitcoin more than it can take lol. How exactly do you now think that countries will start adopting cryptocurrency because of the things you have mentioned here? Can cryptocurrency solve all these problems, really? If we will all be sincere here, cryptocurrency is not a solution in this kind of situation. There is more to this than adopting cryptocurrency. Cryptocurrency is only going to help us in peer-to-peer transaction around the world and there is nothing more, it’s not going to magically save every country in the world from falling due to pandemic.

When people think about saving their hard earned money not to be saved on highly inflated fiats then they can get into bitcoins still bitcoin will act here like any other store-of-value asset and cannot be a pure currency. So, global adoption of bitcoin may happen when people have excess money and think about saving for their better future. I am not foreseeing such a situation where people start think about saving into deflationary assert straight after the pandemic.
1543  Economy / Economics / Re: Lives vs Economy -- sad truth on: July 02, 2020, 03:58:32 AM
There should not be any priority in saving any individual life. But its sad that people only focus their time and efforts to save younger adults. There are too many people who have the virus and they need to make a choice who to save and who not to save. We do not have enough doctors and medical equipment in order to save all of them. That's how life currently works and we need to accept that truth.
Yep you’re making a point here, there shouldn’t be anything like making some individuals a priority and the rest less of a priority. We are all human beings no matter your age or where you’re from. Everyone should be treated as others. Unless in a situation there is not enough space in the hospital and the individual’s case is less severe.

The sad truth is that some of them are not getting attention from the hospitals, why? because they prioritize a person based on its age, why? because it would be more worthy if you save a productive person over an old and weak person.

I am not understanding where you said that there is a preference to save those at younger age than the old ones. I have not heard that such is being done. From what I know, when you arrive at the hospital, they will check you and if your case is a serious one then they will give you a bed to stay in the hospital. But if it’s a less serious case, they will tell you to go home and take care of yourself and isolate as well. They are doing this because the isolation centers will not be able to contain everyone that’s having the Coronavirus.
1544  Economy / Trading Discussion / Re: trade & investment is getting harder and harder. on: July 01, 2020, 08:12:02 PM
what I am experiencing right now is that it is difficult for me to obtain profits from investments and trade that I do, & is there someone here who has more effective ways for me to be able to improve my trade and investment so that I can get a profit of course, not vice versa I get is continuous loss.
Why not go for investment only? Trading is usually difficult and profit doesn’t come all the time, though there are people who are wizards in it, you just have to learn from them and be good. But if you can’t do that, then you can continue with investment. That’s the major I have been doing here, trading is something that I do once in a while, maybe when I want to trade.

I buy cryptocurrencies I like, a few of them up till their prices goes up. That’s how I’m doing my thing and it is working for me. And I also I’m not in a hurry, I have other businesses doing, so cryptocurrency is a side thing and I’m not expecting quick profit.
1545  Economy / Trading Discussion / Re: How do you make a trade or investment decision? on: July 01, 2020, 06:52:38 PM
I usually ride on some big coins updates, like forks, mainnet update. Those updates usually make the coin/token pump. I get some wrong move sometimes but in majority I earn more profit. Look out for news like on coinmarketcal and other popular cryptocurrency sites. Every trader has their own strategy, this strategy might work for me and not for you.
I think news are a big part of the website and I think that will be playing a big part of an increase or a decrease, however lets not forget that it is just one part of it, not all of it, so do not get into idea that just because you decide to invest right around big news or update periods that you will definitely profit, you need to actually have something much bigger at hand for it.

Look at bitcoin for example, it is true that price moved from all the way down from $4k to $9k before halving, yet you have to understand that bitcoin also moved from $9k to $4k for the pandemic drop as well, so they basically brought it back to what it was just like almost all other economical stuff like stock markets. So, as you can see increase is not just depending on big stuff, it is obvious from the biggest update in bitcoin for years not making too much change.
1546  Economy / Gambling discussion / Re: Vietnam bursts an illegal casino who used to handle bets worth $3 billions on: June 30, 2020, 06:07:59 PM
The mere use of the word 'illegal' is only defined by governments. In the case outlined in the OP the players must have been harmed more than the platform.
I agree players are the ones who actually suffer the most during any scam or government busting a particular platform but at the same time the players must use their due diligence and now just check the license of the gambling operator and instead verify it too.

The government could have taxed the earnings of the casino and would have been better off long term.

Sounds good for everyone but that sets a bad example for everyone because no one would want to pay taxes and rather wait until they are caught and then pay some money and if they aren't caught they can continue their illegal practices.

I believe casinos should know that once they are big and earning healthy they should immediately try and get registered legally because there is no way you make millions and you will sneak under for life.
1547  Economy / Gambling discussion / Re: Chess on Sports/eSports betting on: June 30, 2020, 05:29:49 PM
I love chess games, in fact, I downloaded it on my phone to give some room playing online while in quarantine.
For there will be a place where we can include this in online/sports betting it might get interesting for oldies to participate as well or those chess lovers will get into it. Or maybe I consider myself for this and maybe this could also help to promote this game as most of the new generation had giving no/less interest in learning rather than those ROS and many other online games.
The problem with chess and any intelligence based games is that they can be manipulated very easily, I mean look two players are playing online and they do not know each other either. This is where a massive cheating can happen because people can always use scripts that automate moves based on your opponent moves or just use computer moves to beat you.

I have been playing chess since a long time and the problem that exists with chess and similar games is that unless the person is sitting right in front of you, then it is just completely impossible to know if they are cheating. And when money is involved then more people will cheat because I often get cheaters in free games so imagine if they are getting paid to win Angry.
1548  Economy / Speculation / Re: Bitcoin performance in first half of 2020 on: June 30, 2020, 04:35:55 PM
In my opinion, bitcoin's performance around the times of halving is not up to satisfactory levels regardless of its successful run against the pressures of pandemic times. This first half of 2020 must be really a roller coaster ride for bitcoin markets but failed to break and hold the biggest resistance level. If there was no halving this time then probably I would have rated this period as "too good" but halving should have launched prices above $11k to assume about bulls on control.

Overall, last 6 months neither of bull nor bear dominated the markets continuously which must be a good thing as fluctuating markets usually attracts more investments rather than falling conditions like 2018. I guess the second half 2020 will be more interesting as we can expect bulls to dominate at least hereafter.
1549  Economy / Speculation / Re: Market Gonna be volatile again! Nothing New though on: June 30, 2020, 03:26:04 PM
We are going to enter into 3rd quarter of 2020 which might be different than what we have experienced first 2 quarters of 2020 in terms of volatility. The second 3 months streak of 2020 was quite bullish thanks to halving as halving helped to recover all the losses happened due to panic selling of corona outbreak but failed to break the resistance levels around $10.5k which we might get broken by this July as bitcoin proved its potential by staying above $9k levels. We are going to end the second quarter above $9k which must be an enough sign to get into stronger bullish trend for the rest of 2020.

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.
1550  Economy / Speculation / Re: Here’s the Case for Bitcoin (BTC) Rise to $180,000, According to Weiss Ratings on: June 30, 2020, 12:30:52 PM
There is a big difference between 20k and 180k and people will always ignore that in the end. When you go from 100 dollars to 20k you are talking about a market cap increase from around 2 billion dollars to 370 billion dollars, that is a huge 368 billion dollars increase and I think many people would fail to see that, if they did we would had a lot more people selling those days (even though there was a ton already).

However when you talk about 180k, that means the price is lets say 10k right now, it means market cap going from 1.85 billion dollars to 3.315 trillion dollars. TRILLION , as in 1000 billion. If you think they are the same thing you are kidding yourself, there is no world going from 100 dollars to 20k dollars is similar to going from 10k to 180k, the amount required is nowhere near the same, we are talking about 10x times bigger.
1551  Economy / Economics / Re: What if this pandemic persists till the end of the year? on: June 29, 2020, 08:56:38 PM
I fear that if the population keeps going outside and ignore all the warnings about the masks this will end very badly even if it continues for just 2 more months. Yes, governments of the world decided that it is time for people to back outside but they didn't say they could go outside like everything is over. You should still wear your masks and if you can even wearing gloves would improve your chances of survival higher.

If you go outside because you are allowed and not wear any masks, you are not only endangering yourself but you are also endangering others as well which is why I think you should definitely be careful, even if you do not think for yourself at least think for people around you. I have successfully managed to still stay away from people even though I am allowed to go outside, it is really not a good time to go out right away today, I will wait for idiots to get infected first before I do anything.
1552  Economy / Economics / Re: Rise in US unemployment. Thoughts? on: June 29, 2020, 08:09:18 PM
The first quote you made there already explains why their government is doing that. I am not going to blame the US government, they are doing what they can to help their own people. Other governments around the world should do the same and help their citizens at least until the pandemic situations gets over if they do not have any permanent policy on jobless and unemployed people.

It really pisses me off when what the government knows is just to stealing from their subjects and making situations worst for them and not providing jobs and other things that are necessary for the survival of their people. Meehn, it’s very bad. This is really a time for change, and the pandemic has taught us a lot, we should be ready to change for good. Although the bad eggs will never agree to that.
1553  Bitcoin / Bitcoin Discussion / Re: A lot of Americans still don't know what Bitcoin is on: June 29, 2020, 05:16:06 PM
It's not surprising at all. Not just in America but also in different countries. High percent of the population still not aware about bitcoin and they are not that interested on how it can be use as payment options and/or an investment.
Agreed. I actually think that Russians are the highest percentage if we compare the population divided by the number of crypto users because almost all the ICOs are russian mostly and it gives me a feeling like Russians are way ahead of others in terms of blockchain technology and crypto adoption.

As long as it is not fully welcomed and accepted by the government and banks, people are hesitant to use bitcoin as well. Maybe some know about bitcoin but they prefer fiat money for transactions.

And at the end of the day a daily wages guy wants to get paid by a payment processor such that he can easily cash his money and feed their family so yes unless it is just smooth to transact bitcoins for fiat and vice-versa there would always be obstacles with complete BTC adoption and that is where the government knows they just need to reject bitcoins and never appreciate dealings in bitcoins.
1554  Bitcoin / Bitcoin Discussion / Re: Bitcoin trading in India is on fire on: June 29, 2020, 03:31:50 PM
After legalizing bitcoin in India, bitcoin trading in India exploded in mid-May. Over the past month, there has been data indication, indicating that more bitcoin has changed hands on local, peer to peer exchange in India than before.
Even when bitcoins were banned a hefty number of users were trading, buying, selling and most importantly gambling with bitcoins which indicates that the people do not care as much about the govt. verdict as much they want to make money and when they hear that bitcoin price went 10 times they get mad and invest while some gamble with bitcoins because its not possible to track bitcoins and since betting/gambling is banned in India they enjoy such services and use bitcoins as a medium.

I have been into lot of guys from India and while I respect some and have bad experience with few, I have noticed that no one is actually interested in technology as much as they are interested in making money with trading or gambling. Trading has certainly been lifted by the court's decision to allow bitcoin transactions because now people can trade and cash their coins which earlier they had to use illegal methods.
1555  Economy / Speculation / Re: Bitcoin to $150K and Ether to $9K on: June 29, 2020, 08:41:00 AM
A lot will be happy, including myself if this thing will happen but I really don't take such prediction seriously. As of now, a 6-digit price is still a dream for me, unless will beat the ATH and will pass atleast 50-100% of it.
Probably you are still underestimating the power of bitcoin markets. Moreover, this is a common mistake most people are doing at the every bullish markets of bitcoins. People like you expected bitcoin to test ATH by the beginning of 2017 so they set targets around $1800 (which was ATH+80% growth) and then regretted a lot when bitcoin was 10x by the end of October 2017. In November 2017 alone bitcoin performed 100% growth and in the span of 11 months (from January to November of 2017) bitcoin did approximately 2000% of growth.

I mean there are 101% chances for bitcoin to test $150 levels incoming months. All we need is, just preparing to face them. If possible, buy more now (still at your affordable limit) and expect bitcoin prices to reach $300k levels by end of 2021. One simple supporting analysis on this is, bitcoin's 4 years cycle. Every four years bitcoin shift to 10x sustaining ranges and above that are just bubble happens due to FOMO.
1556  Economy / Speculation / Re: What’s next if bitcoin breaks $9,270 ? on: June 28, 2020, 08:36:43 PM
The price managed to reach back $9.1k and has been struggling to get pass $10.5k for almost a month, the same way it struggled with the $7k and $8k prices. I know it will be a matter of time, the virus outbreak has weakened a lot of assets and they are now struggling for a growth. I am happy that Bitcoin has shown itself to be one of the strongest assets that we can trust even at this time. The price always shows that, and after every hit it still somehow grows back up.

I do believe that the price will climb the chart to $11,000 in a matter of weeks or less than a month. It’s already showing that sign, and there has been some activities that shows the price will be hitting more than just that.
1557  Economy / Speculation / Re: Now BTC Price will drop or up? on: June 28, 2020, 06:16:24 PM
Actually it is not the increase in demand that the future looks bullish about, it is the decrease in the supply as well. Because of the halving miners are mining less bitcoin every single day which means sellers could sell as much as they want and continue to do so and keep the price as level as they want, however eventually it will not be profitable to keep selling bitcoin and eventually that will lead to bitcoin being higher.

Of course there is a demand for bitcoin as well and there is an increase of it every day too, but the lack of supply is also quite important. When you combine lack of supply (halving) with the increase in demand, that means future is bright and quite bullish. Of course this is just an estimate, we can never really know it fully and we are just assuming what is going to happen.
1558  Economy / Trading Discussion / Re: Your Best trading platform is? on: June 27, 2020, 05:58:43 PM
Coinbase and binance are very fashionable sites I also trade here and use Coinbase to stay money safe. The fee for trading is far lower Many great opportunities to form money have little or no to lose we will save our currency far more safely.

That is the reason why these exchanges become the most picked among the others and that potentiality will keep people's assurance and safety of their funds. Many exchangers will keep coming sooner and have to expect them to work the market perfectly (or at least near to it) and this could help to retain the trust of the people in crypto trading.
Coinbase could be very good but you should not forget that it is not really that easy to use for non-american people.
You can still use it if you want but without being an American citizen and without having an american bank it limits many things you can do there.

On contrary if you pick Binance as your best platform that means it is great globally because it allows you to trade with everyone around the world and you are dealing with a ton of coins there and a countless amount of pairs as well, yet when it comes to withdrawing to fiat to your bank account they lack.

There are so many exchanges that are both great but also lacking depending on what you are looking for in an exchange, whatever you want from an exchange will decide how good it is on that subject and that is why there could never be one great exchange for all needs.
1559  Economy / Trading Discussion / Re: Trade by yourself on: June 27, 2020, 02:05:06 PM
There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.

I sort of agree with the statement but the best traders are those who watch others trade and learn from their mistakes because if you learn from your own mistakes it takes time and consumes a big part of bankroll so a wise trader usually looks for signals and compare them also he would see how market behaves and having some signals is pretty good because they are only helping you understand the market situation.

I mean if you get signals from various channels that the price will move up then surely there must be some value to those signals.
But in overall trading, I agree that one must trade himself rather than investing under others to trade for them because then you are slowly becoming an investor and you are only earning not learning.
1560  Economy / Trading Discussion / Re: Where can I learn Technical Analysis to Cryptocurrencies? on: June 27, 2020, 05:52:01 AM
I want to learn about Technical Analysis. Can you recommend some online courses and books?
There are lots of places online where you can learn about technical analysis in cryptocurrency trading.. I will recommend that you check out the guys at Udemy, there is a course there that teaches about technical analysis in trading, they teach you everything you have to know about it from A to Z, though it’s not for free; the course there is around $199.99 and if you’re lucky you might be getting up to 90% discount when you sign up.

If you don’t want to make use of Udemy, you can just be checking out some websites that provides free contents and be picking up some points till you have gathered every knowledge you need. You can check out Medium.com, and also YouTube videos, since they are practical.
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