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1841  Economy / Economics / Re: FTX Drama and Global Empact on: December 19, 2022, 09:35:17 AM
SBF uses investors' money for fun and buys luxury properties, this is a fatal mistake that makes investors cry, so far he only plays consumer money, now FTX has officially filed for bankruptcy, and I think the police must act legally, this is not a healthy business but you can say that he is a criminal.

FTX founder Sam Bankman-Fried is already arrested, and he may face years of prison for un-expected and sudden collapse of 32-billion-dollar meltdown in a very short time. The failure of exchange is a worst example of poor corporate controls and absence of reliable risk management system. I think we should wait for the outcome of his trial to know, what went wrong, that caused such a huge disaster & how such incidents can be prevented in future.
1842  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I want to ask, at the end of the bitcoin and altcoin year, will the price go up on: December 19, 2022, 06:39:07 AM
according to your predictions or speculations, will bitcoin and altcoins increase in price at the end of the year or not? and if there is an increase in the price of an altcoin, do you think which altcoin will rise higher?
After falling to the $15k level as the lowest point, now it seems that the bitcoin price is experiencing a little pressure to increase in price, basically no one can predict its movement exactly, but if you look at the history of price movements in the past, bitcoin prices often fall when at the end of the year due to selling pressure by investors simultaneously, I hope that by the end of this year the price of bitcoin can go up and if the price of bitcoin goes up of course it will also make altcoin prices follow the movement of bitcoin.

Bitcoin did struggle to rise above 18k after CPI data was released but this brief rally was short lived due Bnance FUD and price again fell below 17K and now trading at 16715 which is around its support on day chart. The grip of bears on market seems very strong, as soon Bitcoin tries to rise above 18K, new FUD comes in market and pushes it back to 16K which is very unfortunate. In such bearish conditions it is unlikely , that we may see any rally during the reaming part of 2022.

1843  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I want to ask, at the end of the bitcoin and altcoin year, will the price go up on: December 19, 2022, 03:22:47 AM
according to your predictions or speculations, will bitcoin and altcoins increase in price at the end of the year or not? and if there is an increase in the price of an altcoin, do you think which altcoin will rise higher?

In the context of FUD market is facing on daily basis, it is very unlikely that we will see any major rise in the next two weeks. The best scenario we can portray is that Bitcoin continues to trade around 17K and it doesn't falls below 16K. The market is expected to perform better from mid January-23 when holiday season will be over and investors will start rebuilding their portfolios.
1844  Economy / Economics / Re: Have Satoshi dream failed? on: December 18, 2022, 03:07:08 PM
If truly we are all here to share crypto experiences then this is another one, I could be the one lacking the knowledge but I believe creating this topic will open my eye to better understanding.

Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?

The dream of Satoshi Nakamatu was to give us a corruption free financial system , this dream has been realized to some extent but it won't be fully released unless mass adoption of takes place and Bitcoin is widely accepted  for buying goods and services, it might take long but it will happen.

Bitcoin is a big success in a way that it created many millionaires from middle class who had strong faith in its potential to become fast growing asset and invested in it when nobody was interested to buy it.

1845  Economy / Economics / Re: Have Satoshi dream failed? on: December 18, 2022, 06:22:07 AM
From my point of view, Satoshi's goal or dream failed completely. The majority does not even know and even does not intent to find out how Bitcoin and blockchain technology works. All they know is the name of the product that made someone rich, that they dream will make they rich, the product is demanded and traded widely. If we replace the word Bitcoin with something else, and gives same profit results, nothing will change much for those people. That is why I think dream has failed.

I agree with your opinion that what Satoshi perceived about Bitcoin as peer to peer method of payment without third party intervention, unfortunately reality is different and Bitcoin is being perceived a kind of investment instrument which can make you rich overnight. But I am optimistic that in future it will be adapted as national currency as done in Salvador where the experiment was not so successful but some more countries may follow this example in future.

1846  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: December 18, 2022, 04:00:57 AM
[edited out]
Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

Thanks.  Many times, I just try to bounce off the ideas of others, and it is true that there are a lot of us who will sometimes have really bad information and practices regarding money management matters that would allow us to even be able to invest, yet money management seems to be one of those kinds of skills that anyone can improve - especially the basics, and the more time that s/he works at improving it, then the more likely s/he will be able to develop systems in which s/he is able to profit from investing (rather than devolving into gambling).  Sometimes we might not even recognize the difference between investing and gambling until we have practiced, thought about it, and practiced some more.


You are absolutely right that investment is not gambling, I think there is a fine line between gambling and investment which we all human fail to understand when we are under the influence of greed emotion. In fact, when we buy Bitcoin, we make investment in a precious digital asset but when we buy shit coins, we gamble with our money and chances of winning are very slim because gamblers rarely win in casino.

1847  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: December 18, 2022, 01:29:29 AM
Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.
Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

So surely each person is responsible for his / her own investment strategy and also to figure out his/her budget in order that s/he is not investing too much and then ending up gambling rather than investing.

So yeah a lot of regular people do not seem to be very good at managing their own money, but to me, it seems that managing money is a basic task that any of us should be able to figure out.. especially several of the basics in regards to making sure that we are not spending more than we earn, unless we know how to manage debt as well..

but anyhow, general deficiencies that people have in managing their own money does not stop me from both suggesting that they get started investing into bitcoin right away and to clarify that I am talking about bitcoin rather than shitcoins.. and then also I suppose that I am going to attempt to presume a certain level of competence that people should have, even though I know that if I were to get into details with many people I will find that a lot of people do not tend to be very good at managing their finances, but on a basic and general level I am still not getting into whether they are good at managing their finances, I am getting into telling them that they should figure out how to include bitcoin into their lives... and they need to figure out the specifics.. even though of course, I will tend to attempt to answer questions when people have them... especially it comes to bitcoin, and if they start to talk about various shitcoins or throwing out the term "crypto" (which does sometimes happen if you just approach some random persons) then I will attempt to clarify that I am not talking about investing into "crypto" or shitcoins, and then at that appoint attempting to clarify that bitcoin is different.. and then once their eyes start to glaze over because they are not really interested in the topic or they are already lost in the topic, then maybe at that point it would be time to change the topic.

So if someone really wants to engage on the topic, then that may well be a different story.. and provoke even more conversation.. and from my perspective, there will frequently be needs to clarify between bitcoin and shitcoin (and crypto) just to continue to clarify what I am trying to talk about and sometimes to attempt to respond to any of the misconceptions that they might have if they are getting their information about bitcoin from the mainstream media.. which surely it is not going to be as probable to find some random person who really actually knows the difference between bitcoin and shitcoins and crypto and even knowing the difference between holding actual bitcoin and/or having bitcoin on exchanges (having third parties holding bitcoins, which at best are claims/vouchers to bitcoin rather than actual bitcoin). So it can take a while to get through these kinds of discussions with actual understandings and not getting caught up upon various misunderstandings that seem to be quite widely spread if any of us talk to random people on the street or in real life meaning our friends, relatives and other acquaintances that we meet in real life.

It does not hurt to know that these days whenever we talk about bitcoin, that we are likely going to be interacting with people who may well have quite a few too.  It's just part of our current landscape that information is all over the place out there, and maybe from time to time we might get lucky and find some people on the street who actually know a lot more than the average person about bitcoin, and it is true that from time to time, I have met those kinds of people in the real world, too.

[edited out]
It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit,

That comes off as a bit patronizing to me.

I agree that a lot of people do not know how to manage their money very well, but the fact that a lot of people are not good at investing is not going to stop me from telling them about bitcoin and telling them that it would likely be to their advantage to look into it sooner rather than later.  They are still responsible for what they do, even if I am telling them to get the fuck started asap... and good luck.  I am not responsible if they fuck up how much they put into bitcoin or how they go about their investment or how they manage their finances.. but I do feel that I have to make sure that they understand that I am referring to bitcoin and not to shitcoins, not to crypto and not to ONLY having price exposure.. while recognizing that it can take a while for someone to figure out specifics, and if they engage and ask questions then I will do my best to answer from my opinion and experiences, and they won't know my opinion and experiences unless they engage and we end up going back and forth for a while to see that they are actually interested..

Another thing is that personal finances seem to be an area in which people have to be willing to discuss.. and those kinds of areas can end up being quite sensitive discussion areas, too... so there can be some balancing back and forth and also there can be some reluctancies to share too many personal details too.. So, even I am careful to try not to overly share, so maybe instead of talking about specific amounts, I might refer to hypothetical amounts.. such as saying buying $100 of bitcoin per week or something like that... which again depends on the other person in terms of if the other person might bring up his/her own specifics in terms of some investment that he has or maybe some kind of budget amount that he is thinking about, and then our conversation might go in the direction of their hypothetical (or their personal example) rather than my hypothetical.

I think they will not respond to what is said. I mean they'll even think you're a fraud.

We are not selling anything.  I will tell people that it is up to them to do whatever they like.. and I give less than two shits if they actually buy any bitcoin or not.. but it would likely be to their advantage to look into the matter, then to take some action to establish a bitcoin position.. and everyone who invests at all should attempt to figure out their bitcoin position and a good starting position is anywhere between 1% to 25% of their quasi-liquid investment portfolio, but they still have to figure out if those numbers work for them and how to get them to work for them if they are going to end up choosing to get started in bitcoin.

especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

It is up to people the extent to which they want to take anything that I say seriously.  If they have erroneous perceptions, then sure maybe I will attempt to help them for a while, but if they are not taking any of the matters seriously, then I am not going to want to spend very much time with those kinds of people because we are not communicating sufficiently well in order to be valuable use of time for either of us.

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

The motive behind jumping into shit coin market for new crypto entrants is, those coins/tokens are available at thruway prices, and you can buy millions of coins in few dollars & investors think, these investments of few dollars will make them rich when market turns around, but it is unlikely to happen.
1848  Economy / Speculation / Re: Bitcoin December price on: December 17, 2022, 04:07:52 PM
December has been running half and it seems that the hope to see the market rising will not occur in December, the number of FUDS after 2 big cases namely FTX and Luna makes us panic and think that Bitcoin will continue to drop, but a good thing is Bitcoin can still survive from pressure.

True.There is FUD in the market about Binance which has pushed down the price of Bitcoin below 17K, the month of December has been bad for Binance, 3.6 worth of assets withdrawan and its native token BNB is also fell to 220 dollars today, it is highly unlikely that we will see Christmas rally this year.

If Binance goes in trouble then we might see Bitcoin around 13K which is its strong support  but hopefully, it won't happen and Binance team will handle the crisis it is going though successfully.
1849  Economy / Trading Discussion / Re: My advice If you are here to make money on: December 17, 2022, 12:57:07 PM
Control your emotion, believe me, emotion is your biggest number one enemy. Especially the fear and greed know how to stop loss and know how to take profit.

Stay away from btc If you are futures trader btc moving too slow.

Please don't stay away from BTC since if you can predict BTC moves you can predict the most market is going. In fact, most of traders that I have followed what they do first is predict BTC moving after that they start to analyze the altcoin. Bitcoin waves is real.

Good Luck Smiley


Good advice. It is not easy to predict Bitcoin price correctly over period of time but somebody is doing is successfully then he must be highly skilled in Technical analysis & should be making good profit. In my opinion key to success in trading is good technical and risk management skills.

There is again FUD in the market about Binance  which is shaking the market and Bitcoin is trading below 16,700 and BNB is trading below $220 now which is a major fall and general investors are worried about the future of Binance. Hopefully, the episode of FTX will not repeated with Binance.
1850  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: December 17, 2022, 08:44:44 AM
Bitcoin, because there's no crypto project can overtake Bitcoin hype, right now Bitcoin still on top 1 position with the highest marketcap and dominance, this is a proof if those shit project like POS, ICO, IDO, IEO, NFT, P2E, DEFI, CEFI, Metaverse etc are worthless and failed project.

I don't care if there's a hype about a new project that I haven't mentioned above, because it's just a matter of name while the projects doesn't have any utility or real case.

In deed, Bitcoin will lead the next bull run as it always does but there are some other layer2 projects like Arbitrum, Optimism and Zksync, these projects have grown so big during the past one year( their ecosystem has huge number of protocols), optimism has already issued its governance token while others will do so in coming months , they will certainly outperform when market starts getting better.
1851  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: December 17, 2022, 04:37:17 AM
There are the investors that just can't stop because they've invested a lot on XRP and the others that have an active issue. They just can't abandon it while looking at the potential losses swimming in their portfolio and that's why they have to stay.
It's their choice and they can't pass on it because there's still some hope that's left for them and they need to be patient on it while waiting for its recovery.
Actually, only people that bought it during early 2018 hike that are at big loss (around 80%)...I know many other coins that did much worse.
Theyre in similar boat as people who bought BTC at $70k
Yup, those that have bought at the peak are still at loss and it's on them why they're holding it until now. They're still at most of their money loss with XRP and they have to wait for it.
While for the other coins, it's true that many of them are also sitting in losses and even much more because the coin they've bought aren't known and probably made a rug pull which has no way of recovery.

XRP has grossly disappointed its investors, who thought since it is used by banks to transfer money so it will boom, but it never performed well even during the bull run of 2021, it used to be top 5 coin on coinmarketcap in 2017 when its price peaked to about $4 but since then it is on decline and who bought it at peak are in huge losses.

It is also facing lawsuit filed by SEC for illegal offering of unregistered securities in the US. The matter is in the court since long time  and unlikely to be settled soon, which further diminishes hope of its recovery.

1852  Alternate cryptocurrencies / Altcoin Discussion / Re: The market will come back bigger again on: December 17, 2022, 12:44:15 AM
Of course the Bitcoin market will be pumping. We have seen a peak in Bitcoin. Bitcoin reached a high of $69,000. From there, the market has been dumping a lot.  Currently, the Bitcoin market is standing between $17,000. By filling this gap, Bitcoin will occupy a place that people have never imagined. But those of you who have invested just wait for a while, be patient, maybe between 2024 and 2025, the Bitcoin market will set a new record.

Good to see that Bitcoin opened green this morning and current price is $17,262 which is above its pivot point of 17,095 and next resistance on day chart 17,424 which I hope will be broken as trading volume is reasonable. The US dollar index is also weak which is good for Bitcoin market. Market is waiting for CPI data release next week which might act as trigger to change market sentiment.

Nothing to worry for long term investors as Bitcoin will certainly break its previous ATH in coming months and years.

Sorry, I want to justify your words, that the current price has touched 18k $, if I'm not wrong to see it in several big markets today, my question is, will the bitcoin price touch 20k $ at the beginning of the year, because  all markets have recovered from the barmarkets of recent months.

It is very difficult to predict Bitcoin price, but I think in the first week of 2023 we won't see much activity in all financial markets due to new year holidays but later we might see some new year which can stabilize the price between 17-18K (around its support on weekly chart) but any big jump in price is unlikely to happen.
Though FED has given some signals of less harsh monetary policy in year, but its impact will take some time to materialize. In short, we can hope that 2023 will be year of stabilization for financials markets.
1853  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Best Crypto Exchange For Altcoins? on: December 16, 2022, 05:29:32 PM
I think best exchange for buying any coin or token is Binance, where majority of digital assets is listed, trading fee is reasonable and liquidity is not an issue. Having said that, I would suggest you to continue holding your Bitcoin which is most precious & secure crypto currency, though currently its price almost 80% down from its ATH price but as predicted by many prominent market analysts, it might hit $100K in the next bull run which is likely to happen in 2024.
1854  Economy / Exchanges / Re: Take your bitcoin out of binance on: December 16, 2022, 02:55:26 PM
There is little skepticism surrounding Binance. Funds should not be hold to any exchange, including Binance. However, keep in mind that if Binance fails, the value of your funds will be significantly reduced due to the market crash. Whatever we're holding will be in serious trouble. The market will immediately fall, and as a result, the value of all coins will drop like a stone. I hope nothing bad happens and that this is all rumor. Binance has created a crypto ecosystem, and many things are associated with it. As a result, the collapse of Binance due to law enforcement will not bode well for the crypto industry.
This is the problem with one company monopolizing the most important and largest part of the crypto markets combined. Any doubts about Binance that may be confirmed in one way or another by any official authority, even if only as a matter of raising fears, will lead to a disaster in the entire market. On this basis, I do not imagine that Binance has withdrawn this number as a problem in the system, but rather it is most likely just rumors targeting the platform.
In any case, it is never advisable to leave your money in the hands of centralized platforms, no matter how reliable they seem.

Indeed, Binance is dominating the business of crypto currencies all over the world  but it reached to this level through highly skilled management team, innovative work & adopting best marketing strategy , in a very competitive environment. This is the dilemma of free market economy that only fittest survives and monopolization is hard to avoid in such environment. We have seen the same situation in cell phone industry where only two companies are dominating the business worldwide.

Here comes the role of SEC, which is very important to stop any bad business practices going on in anyy exchange, to protect the interest of investors.
1855  Economy / Trading Discussion / Re: My advice If you are here to make money on: December 16, 2022, 11:24:37 AM
Keep your focus on how to make money.
Dont try to predict Market too much.
What do you mean, mate?
I don't think predicting market trends is a problem. It is the way to know your opportunity to buy or sell. Predicting is a necessary part of trading or investment. If you can't predict the market trends, you don't know when the best time to collect crypto assets and take the profits.

Stay away from btc If you are futures trader btc moving too slow.
Almost all crypto coins move slowly in the current market condition, not only BTC.
If you are not familiar with future trading, sure you need to stay away. But if you know well it, why do you need to stay away?

Most important in crypto is stable income everyday.
If you are trading crypto coins, you can't expect stable income.
For me, the income from crypto trading is always hard to predict. Crypto price is very volatile and the market trend is unpredictable. It is the factor to make it difficult to get a stable income in crypto trading.



Indeed, it is very difficult to  generate stable income from trading activities during the bear run unless you are an expert trader and you have experience of working in future market where you can take both (long and short positions but we can generate some income by staking our coins on reliable DEFI projects. I also do staking as well provide liquidity but my preference is always Ethereum based projects which in my opinion is most secure and reliable network.
1856  Economy / Speculation / Re: Bitcoin December price on: December 16, 2022, 08:01:10 AM
It is beyond imagination that the price of Bitcoin has gone up and down so much.  Because few hours ago the price of Bitcoin was 18k plus.  But from there the price dropped again to 17K so I think the price of Bitcoin will rise on Christmas day.  Because for the past few years, the price of Bitcoin has increased somewhat in this month of December.  That's why I can say that Bitcoin price will cross $20k in December itself.

Bitcoin market has been very volatile since it was launched which is good for traders to take advantage of it and book profit.
This morning Bitcoin candle opened green and price rose to $17,700 but I don't expect any big rise during the month of December because people will spend money for shopping of Christmas and we may see some selling pressure in the last week as people also need money to spend money for Christmas and new year celebrations.
1857  Alternate cryptocurrencies / Altcoin Discussion / Re: The market will come back bigger again on: December 16, 2022, 03:20:33 AM
Everyone knows that the bear market is not going to last forever even though it looks like it is.
It's just a period where those that truly believe in crypto show that there are not lily-livered.
While those scared cat fold up their portfolio till the bull market comes running.
It's true that the market will recover and become bigger than it ever was that's why we need to continue searching for potential project that will make our portfolio profitable.
It's really surprise me every time why people try to buy on bullish market. Bear market is the best opportunity for crypto lovers who believe in it. They can be able to fill their portfolio by buying more. We just need to hold strongly to get profited from our investment. Patience is highly needed if you have trust on crypto.

Generally, people take entry in market when it is bullish because it is human psychology to ride a bus which is running to reach their destination quickly. We all human are impatient by nature and want to get rich quickly, but good things happen in the life of the people who wait, hence in bear market it is important to continue holding your assets and wait for turnaround of market which will certainly happen, and reward of patience will be bigger than our expectations.
1858  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Crypto to buy for 2024 ? on: December 15, 2022, 02:04:28 PM
Every person who lives with cryptos know that cryptocurrencies will dump in 2023 and in 2024 we will more grow...
so in this topic, we discuss which coin is better to buy for more gains about 10X to 1000X!



my idea :

1- ETH---10X  Shocked
2- ADA---20X  Shocked
3- MATIC---10X   Shocked
4-SHIBA--100X  Shocked
5-NEAR---50X  Shocked
6-DOT--20X  Shocked
 

what's your idea? Cool

I think SHIBA is unlikely to go 100X because it has huge supply (which is only come down if a buring mechanism is put in place), even hitting 0.0001 dollar, will be a big surprise for market, rest of all coins have developed good use case , in particular Ethereum who is the king of alts, can hit $10K in the next bull run. ADA,MATIC,NEAR $ DOT can go from 5-10X in 2024 after Bitcoin halving.

Crypto market is likely to enter in stabilization phase in 2023 (it won't perform as bad as analysts are predicting unless world economy goes in recession), because money tightening policy of FED won't be so harsh as it has been in 2022.
1859  Alternate cryptocurrencies / Altcoin Discussion / Re: The market will come back bigger again on: December 15, 2022, 12:13:40 PM
Totally! The cycle will repeat itself. New money will once again flood the market. Whales getting richer and new bloods will get rekt. The ones who stick around in this bear cycle will definitely reap some rewards.
Yes, sticking to the crypto market is more likely to be rewarded the market does not stay in one place those who survive are successful. This is the right time to invest because the market will go higher in the future the value of currencies will rise further.

Continue holding good coins like, Bitcoin and Ethereum, no matter how difficult situation market goes through, because change is the only constant and eventually bears will lose their grip on the market and good days will return as it always happens. The market is cyclical and bear cycle will also end once it is complete and market will create new history by making new highs.
1860  Economy / Exchanges / Re: Take your bitcoin out of binance on: December 15, 2022, 09:52:18 AM
Holding funds in personnel hard wallets is the most secure method to store crypto currencies and we should only connect it with trading platform when we buy or sell any asset.
That is what we must do to secure our funds from anything that will happen, especially if we keep it from the exchange.
The FTX case has emerged, and it looks like people are rocking Binance, spreading bad news, and wanting to panic people.
But we can hope that Binance will not be hit by any problems and can survive any bad news that hits them.
You must try to calm down and look for other news so that the negative news does not provoke you.

Indeed, we should not pay much attention to the rumors being spread to create negativity about Binance which will die down after some time, because Binance management team is very responsible and follows the rules of the game.
The innovative skills of Binance team, their professionalism and providing quality customer service is the strength of Binance team, which no other exchange can match & it has contributed a lot for the promotion of crypto currencies all over the world and I hope it will continue playing this role.

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