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1741  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: July 07, 2021, 09:35:52 AM
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Patience is useful in many ways, as well as trading, we really have to be patient if we experience losses. Because patience will provide an opportunity
for us to compensate for the losses we experience, the crypto market is very volatile, so today we are losing. But a few days later we can get profit.
The most important thing is that when the coins we have price drop, don't panic and rush to sell them. We can be patient holding the coins until
the price goes up again, never run away when we fail.
Some people like to estimate that a few failures are the general and irreversible outcome of trading while it is a fact that trading will be such a series of failures then form the wins and sum up the year end, which will be the profit, and just looking at a process with many parts is quite complicated, short time will not be successful and they need to be patient. However, patience becomes a weakness for too many people, they need to take the last steps of profit but they don't know what the market is asking them to do, running away in the middle of the road after coming back will also start from that point
A matter of mindset of each person because few fails or mistakes wont really be that a solid reason for you to quit up directly just because you do lost money.Its part of the process and if you do

have that kind of mindset nor emotional instability then you would really be ending up on quitting directly or simply run out just to avoid the things you are currently engaging.
Patience is really a main thing needed on these kind of situation, you cant make out perfect trades and end up on profiting in the end of the day.

Always mind off on the risk involved and the probabilities of failure and minding on how to overcome those situations.

People who experience a few failures and lose small amounts are not a strong reason for people to stop trading. But if the failure is experienced
resulting in losing large amounts of money, maybe this is what makes people start thinking about quitting. Therefore we must have a mindset
that loss or failure is a process that must be passed to become a successful trader. Another thing we must have when trading as I have said
before is patience, sometimes the process of failure that we have to go through is quite long. Therefore, without patience, people will easily
despair and will run away if they experience a loss.
1742  Economy / Speculation / Re: Is there really a lot of money to be made trading bitcoin? on: July 07, 2021, 03:49:32 AM
Leveraging 10x to short is too risky to me, a mistake will lead to liquidation of the whole portfolio, 3x to 5x is better,. alternative in shorting trades to earn profits however this depends on how experienced a trader is  thus a skillfull trader will make profit consistently irrespective of whether the market is bullish or bearish basically this has to do with proficiency in using both TA and fundamental analysis to predict price movement of course this can never be 100% however with money management such a trader will have edge over the market and make money.
If you are shorting in the cryptocurrency market you need to have balls of steel because no one in the world can predict the price movement unless you are holding billions worth of coins and you are able to influence the market. Technical analysis and fundamental analysis will not fetch you anything meaningful.

I do consider all forms of trading in a highly volatile market as risky, but i personally like to invest during a correction and then wait till the price reaches a target price, it is zero risk and you will have your peace of mind and at the end of the day you can reap a good profit if you are patient.

It is true that being an investor is safer than being a trader, because investors only need to buy Bitcoin and hold until the target is reached.
The risk is almost non-existent, because we only sell when the target is reached, if it has not been achieved we will patiently wait. In contrast
to traders, who must have the right timing to enter and exit the market. It's very risky because if we fail we can lose our money. Being a trader
not only has to have good analytical skills, But we have to be experienced too.
1743  Economy / Economics / Re: “You don’t spend money now, you can’t spend after you died” on: July 07, 2021, 02:52:56 AM
I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.
Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.
Agree, a few small restrictions on spending will help save a part of costs and contribute more to important jobs in the future but everything will need to be in a balanced circle, putting your own comfort first before offering savings, this theory is a simple algorithm for management but as a subconscious information most people have overuse criteria at a young age. They are thinking more about tomorrow's work and day satisfaction, instead of making more important plans for the future, they feel the need to spend more money

But the current reality is very sad, where people at a young age prefer to spend their salaries for pleasure. Because they have no plans for the future,
and also young people usually don't have good financial arrangements. Therefore, it is very necessary to educate young people, to make them aware of
the importance of planning for the future. So they will not experience financial difficulties in the future, if they can manage their finances well.
1744  Economy / Gambling discussion / Re: Are you a gambler? on: July 06, 2021, 10:20:02 AM
I am a gambler in the past, but I am trying to reduce my time to gamble because I realize that does not give me a good thing instead of a loss of money. I do not want to become addicted person to gamble because that will be hard for me to solve the problem. I still gamble but not too often like before and just to fills my free time. Gamble or not, that will depend on ourselves. If we want to gamble, we can gamble without telling others. But if we have information that might be useful for others, we can share it with them to learn together what is necessary and what to avoid.

I am like you playing gambling just to fill my spare time and get entertainment, I am not obsessed with winning when playing gambling.
After all, the amount of money I will use to play gambling is limited, so when my money runs out, that means it's time for me to stop gambling.
Because in 2017 I played gambling almost every day, and I spent a lot of money playing gambling. I learned from my mistakes in the past,
for now I limit my money and time to play gambling. That way I can become a responsible gambler, because at least I can avoid gambling addiction.
1745  Economy / Gambling discussion / Re: Be a Responsible Gambler on: July 06, 2021, 09:35:59 AM
Apart from that.. I think people gamble or not, depending on whether or not they are close to gambling, the more addicted they are.. the more determined they will be to gamble without thinking about it that actually we should be responsible gambler.
In general, indeed basically we have to be able to manage finances, make gambling as a free time filler without having to have an excessive sense of interest.
The key to being a responsible gambler we must limit the time to play gambling, that way we will more easily control ourselves so as not to play
excessive gambling. It is better to gamble only in spare time, so it can keep us from addiction. Initially, we were addicted to too much time
playing gambling, so without realizing it we were getting addicted to gambling. Managing finances and time is quite effective in keeping us from
gambling addiction.
Actually, that's no necessary if you have a lot of time to gamble, what you need to do is just be discipline all the time that you will always in control. That means you don't gamble above your limit, and you don't lose that control that would result in you chasing your losses. I experience that many times in my life as a gambler, so I know it's one of the biggest mistakes of the gamblers and the result is not always good.

Saying it is easy, we must be disciplined to control our emotions so as not to gamble excessively. The fact is that I always lose control several times
when I lose, because sometimes we do not realize that humans are difficult to accept defeat. It may take a long time for us to really control our
emotions when gambling, but in the near future I prefer to limit the time to play gambling. Because for me it is more effective to avoid me
from gambling addiction.
1746  Bitcoin / Bitcoin Discussion / Re: Bitcoin brings us true freedom of thought on: July 06, 2021, 08:15:57 AM
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It is sad that most people tend to just buy Bitcoin for quick profits, but I guess it is still an opening for them to learn the other side of the coin that it is meant to be an alternative payment method.
I gotta be honest that I saw a bit from Bitcoin as something that could make someone rich because of the price instability, but now I realized the freedom it brought to me, when a certain friend of me told me about his story about how banks screwed him over and over.
It is still not too late for people to realize the freedom behind Bitcoin. Smiley

Let alone if there are people who use Bitcoin to get a quick profit, that's how they know Bitcoin. Over time, people will be more aware of
the benefits of Bitcoin as an alternative to payments and long-term investments. I also like most people initially thought Bitcoin could make
me rich, but finally after I know Bitcoin for 5 years. I realized Bitcoin gave freedom that the banking system couldn't, so the conclusion is
that people do need a long process to understand Bitcoin.
1747  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin rebounding? on: July 06, 2021, 03:51:45 AM
     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.
Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.
It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Wink

Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really
volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not
the type of person who dares to take risks, so I avoid trading with leverage.
1748  Economy / Gambling discussion / Re: Be a Responsible Gambler on: July 05, 2021, 09:23:42 AM
Apart from that.. I think people gamble or not, depending on whether or not they are close to gambling, the more addicted they are.. the more determined they will be to gamble without thinking about it that actually we should be responsible gambler.
In general, indeed basically we have to be able to manage finances, make gambling as a free time filler without having to have an excessive sense of interest.



The key to being a responsible gambler we must limit the time to play gambling, that way we will more easily control ourselves so as not to play
excessive gambling. It is better to gamble only in spare time, so it can keep us from addiction. Initially, we were addicted to too much time
playing gambling, so without realizing it we were getting addicted to gambling. Managing finances and time is quite effective in keeping us from
gambling addiction.
1749  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: July 05, 2021, 07:13:43 AM
Kane's better appearance at Euro 2020 will surely make several big teams interested in buying Kane, problems Levy tried to prevent the move by fixing the price very high. This is what makes some big clubs hesitate to buy Kane, but most likely it is Manchester City who can buy Kane at a high price. Moreover, until now Manchester City has not bought a player to replace Aguero, who has moved to Barcelona. But Guardiola
usually prefers strikers with good agility and speed, and Kane doesn't have that. Everything depends on Guardiola's decision, if Guardiola likes Kane surely in the near future Manchester City will negotiate with Tottenham to bring Kane.
But quite recently, after the first matches at Euro 2020, there was quite serious talk at the forum that Kane had hit his transfer value for the worse with his performance in the championship  Grin As far as I remember, Guardiola himself said in a recent interview that buying Kane is the main goal in the current transfer window, so there are no obstacles from the head coach of the team, but on the contrary, only full approval. There also seems to be a desire in the transition from Kane himself, who sees no prospects in winning titles from his current team. The only obstacles were only Kane's unwillingness to discuss this issue before the end of the European Championship, as well as the unwillingness of the Tottenham owner to sell Kane for the proposed amount from Manchester City.

It makes sense that Kane doesn't want to talk about his transfer issues right now, maybe Kane wants to concentrate on Euro 2020.
But I agree Levy as Tottenham owner was Kane's biggest barrier to a move, because Levy was trying to keep Kane at Tottenham.
But Kane realized Tottenham couldn't give him the trophy he wanted, so Kane's decision to move from Tottenham was the right decision.
If Guardiola says that buying Kane is the main goal in the transfer market, means just waiting for a price agreement between Tottenham
and Man City. We'll see if it's true that Kane can finally move to Man City or Kane moved to another big club. It seems that this will be
known after Euro 2020 is over.
1750  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Dogecoin overpriced? on: July 05, 2021, 04:32:36 AM
Dogegeoin was a project with little potential that should not be taken seriously. It is a hopeless case that could reach these prices with Elon Musk's ridiculous tweets. That's why I think he doesn't deserve the position he is in now.
It is still overpriced until it finally plummets a lot and goes back to the true value of it. Elon just shilled it and that is because him and other common crypto guy holds a lot of it.
Vitalik sold all of his dogecoin and from the $25k of his investment on this coin, he profited millions. If Vitalik earned that much, what's more with Elon during the hype.
tbh, in my opinion it is still overpriced. how many here had enjoyed the cheap transfer fees of doge before? right now, when you compare the fees involved between doge or xrp/ltc/eos, doge is somewhat expensive. now, ask yourself, what will be the use of doge as it was used before in gambling and transfer purposes? and it is pretty not a good choice anymore. it will be like a speculative coin now. once elon tweets about it, price will pump, but how long? once we see that there's really no progress, i guess, the price of doge will go down.

That's why I decided not to buy Dogecoin anymore, because the price is still overpriced to buy. And without me knowing it, it's been a few months
since I have not used Dogecoin for withdrawal options anymore, because Dogecoin transfer fees are not cheap anymore. Elon Musk has really
made Dogecoin a very speculative project, the price is unreasonable. So while this is indeed the best option to avoid investing in Dogecoin.
1751  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this a bad time for altcoins? on: July 05, 2021, 01:22:53 AM
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Losses for those who are looking for it as a long-term investment.
Profit for those who are along the waves of the pump and dump. It is a simple game for them and that's it.
Many altcoins are shitcoins in the end regardless of how good your research skills are.

I admit that most altcoins are shitcoins, so it is very risky to invest long-term in altcoins. So it is very simple to make profit from altcoins,
we really have to enter and exit at the right time. To be able to do that, we must have good experience and research skills. So it could be
in the current market conditions we get profit as long as we are able to do research and analysis properly.
1752  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: July 04, 2021, 01:41:20 PM
Kane want to leave and his performance in Euro is improving in the latest two matches. He scored 3 goals in two matches, not bad at all. If Kane scores more goals and bring the England to the final match or get the title, big clubs will stay in queue to buy him.

Levy will not be able to keep Kane staying in Spurs and it will be a good time after Euro to sell Kane at high cost.
Regarding this , I am afraid that it might become a huge scene if Levy keeps on denying offers like he did the latest offer by City against the wishes of Kane. Surely he still has contract with Spurs but if things keeps on going like this, it will start affecting players morale at one point. The offer by City of 100 m Euro + player wasn't that bad.. maybe a bit more cash might budge their mind?
I also am following this probable transfer very closely. Levy seems really decisive about not letting Kane go for an amount which he doesn't want. But €150m is really too much to ask. I wonder whether Manchester City are ready to pay that much also. I hope that they can bring Kane to the team.
Harry Kane is in great form now. He is a goal machine. Aguero has left Manchester City to join Barcelona. If Guardiola likes Harry Kane as his replacement, it will be the best choice. Hopefully next season Manchester City will rule the Premier League again.

Kane's better appearance at Euro 2020 will surely make several big teams interested in buying Kane, problems Levy tried to prevent the move
by fixing the price very high. This is what makes some big clubs hesitate to buy Kane, but most likely it is Manchester City who can buy Kane
at a high price. Moreover, until now Manchester City has not bought a player to replace Aguero, who has moved to Barcelona. But Guardiola
usually prefers strikers with good agility and speed, and Kane doesn't have that. Everything depends on Guardiola's decision, if Guardiola likes
Kane surely in the near future Manchester City will negotiate with Tottenham to bring Kane.
1753  Economy / Gambling discussion / Re: An alternative to Poker on: July 04, 2021, 11:37:29 AM
...
Please tell me: Why skill is required in a slot game? There is no skill. The casino always (ALWAYS!) wins. There is no strategy which wins. There are no people playing slots as a job, so please tell me, how I can understand the game of slots. I am just very curious.

Understand it as a highly risky gambling game! When something is highly risky, the chances of getting busted are high! Of course, big/huge wins are possible even with low bets! There's no strategy for slots, but as with any other game, you can play with some plan... and it's always better when you have at least some plan! I guess that plan is playing with lower and higher bets (changing your bet through the game), and if you are lucky you will hit a bonus round with some higher bet!

Slots can be crazy! We all know that! I like to play them and I find some entertainment in playing them... the choice is big, so many providers, different themes, different bonus rounds... playing to see the bonus round, and having luck in the bonus round can be a really big win! It's all fun! After all, don't risk what you can't afford to lose and you can have a lot of fun with slots!

Slots is a fun gambling game, so don't be burdened by having to win, let our luck determine the outcome. Moreover, we can win by playing
lower bets, that's a fun thing, therefore there really isn't an effective strategy to win in slots games. Slots is a game based on luck, so I agree
the risks are huge. Always play with money that we can afford to lose.
1754  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: July 04, 2021, 10:50:32 AM
No, i never do that, whenever i failed or will in loss I tried to wait for it because patience is very important in any business. So, I like to wait for it and then it gave me much profit as I was not even thought. So, Waiting and keep patience is the only thing that will give you benefit.

Patience is useful in many ways, as well as trading, we really have to be patient if we experience losses. Because patience will provide an opportunity
for us to compensate for the losses we experience, the crypto market is very volatile, so today we are losing. But a few days later we can get profit.
The most important thing is that when the coins we have price drop, don't panic and rush to sell them. We can be patient holding the coins until
the price goes up again, never run away when we fail.
1755  Economy / Speculation / Re: Buy the DIP, and HODL! on: July 04, 2021, 10:27:24 AM
In this case the FUD already ran rampant for 2 months and caused all the drops it could, I don't think there is any more room left for more panic selling. In fact I believe in a couple of days we will start seeing the end of FUD campaign and the start of rising back up.

I hope you are right. We've dealt with enough FUD in the last few months for me to believe we've gotten rid of all the weak hands by now. Even some bullish news have been drowned in FUD and haven't contributed to price increases as they should. After all the dust settles around China and the miners, I think the market will begin to uptrend again, and this could happen anytime soon.


Don't worry, it looks like the FUD circulating is decreasing and I believe the weak hands have already sold their Bitcoin. It should be based on
my analysis that the Bitcoin price will start to improve in the next few weeks, if the price of Bitcoin recovers, it is expected that the price of
altcoins will also recover. What we need to do is holding the Bitcoin we have patiently, I believe the future of Bitcoin is bright, so don't sell Bitcoin
right now. Wait until the Bitcoin price is at least back above $60k again.
1756  Economy / Economics / Re: “You don’t spend money now, you can’t spend after you died” on: July 03, 2021, 09:10:50 AM
I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.

Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.
1757  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: July 03, 2021, 07:47:03 AM
Basically Carlo Ancelotti is not completely new at Real Madrid, Ancelotti in the past has given Real Madrid the UCL and Copa del Rey titles. So I think Ancelotti's return to Madrid is no stranger and that way, at least Ancelotti can correct his past mistakes too. Let's see what changes will occur and I hope Ancelotti can start well like in the past.
Yes, Ancelotti did coach Real Madrid from 2013 to 2015. Although at that time Real Madrid won the Champions League (2013/2014) but Ancelotti failed to win the La Liga title. Now Ancelotti has a much bigger task than before because the current composition of Real Madrid squad is very different when compared to the era of Ronaldo et al.

To be a champion, what Real Madrid needs now is great players who have a winning mentality, so it's not just buying young players. Unfortunately, Real Madrid's current financial condition is not currently possible for large-scale spending.

Indeed, Ancelotti has been a Real Madrid coach before, but this does not guarantee that Ancelotti will adapt quickly. Because when Ancelotti
became Madrid coach in 2013-2015, the Madrid squad had several senior players who did have a good mentality. Whereas now Real Madrid
are too many young players who do not have a strong mentality, what makes Ancelotti even more difficult is Madrid's poor financial condition.
It was difficult for Ancelotti to sign the star players he wanted, therefore it will not be easy for Ancelotti to become Madrid coach now.
I am curious about the strategy that Ancelotti will use to make Madrid victorious again.
1758  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: July 03, 2021, 03:48:37 AM
if we look at the current PSG squad, it is very possible for PSG to win the Champions League trophy next year.
Two seasons back they were finalists, lost to Bayern, last season they were eliminated by City in the semis, so next season, they'll definitely go for it again, we all know it's their ultimate goal to win the UCL, and with the signings they are making, their chances could prolly be a little bit higher, but mind you that most of the players they are eyeing aren't really performing in their peak at the moment, but then they have the experience, Ramos for example, thus I'd not really be surprised if they help them go very far in the CL next season, but that's not to say they are going to win it.

Although the 2020/2021 season surprisingly failed to win the Ligue 1 trophy, PSG's main goal is still the Champions League trophy next season.
We all know how PSG's ambition is to become the best team in Europe, by successfully winning the Champions League trophy has not been
achieved in recent seasons. By bringing in many star players, it does not guarantee PSG can get the Champions League trophy, but it will make
their chances even greater. Although there are a few internal problems going on at PSG right now, which Kylian Mbappe rejected the offer of
a contract extension offered by PSG. But I believe PSG can solve this problem quickly, before the new season starts.
1759  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin rebounding? on: July 03, 2021, 03:06:36 AM
     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.

Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.

It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
1760  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not just a currency, but represents a new human civilization on: July 03, 2021, 01:26:50 AM
bitcoin is called a new world civilization because the price of bitcoin a few years ago experienced a very high price increase and happened again this year. the bitcoin price once reached $63,314.01 in april 2021 after that the bitcoin price fell again and at the moment the price is around $33k. the price of bitcoin at this time can still be called a very expensive price compared to the price of bitcoin 8 years ago around $ 111.

You are wrong. The reason Bitcoin can become a new civilization in the world is not price. Let me give a simple example. If elon musk issues a cryptocurrency, he and his followers can easily increase its price hundreds or even thousands of times. But you can't say that elon coin is a new human civilization. The idea behind Bitcoin is the key to becoming a new civilization, decentralization, trust, coordination, and not under human control.

I agree not because the price of Bitcoin continues to rise to make Bitcoin a new civilization, because many other assets are also rising in price
but not becoming a new civilization. There must be a feature that makes Bitcoin different from other assets, one of them is because Bitcoin is
decentralized. That's what makes Bitcoin different and has its own uniqueness, finally Bitcoin is not only a currency, but a new civilization.
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