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1901  Economy / Speculation / Re: How these events will affect crypto market? on: March 18, 2022, 10:48:26 AM
There's a big expectation on the Biden's executive order to make immediate impact on the market. To the expectation there is no big change in the market. The market continues to be bearish, and this executive order will surely have some positive movement on the market long term. The order has got seven key points among which two are for the consumer protection. He has also requested the digital assets platforms to function along with the government to rule out the usage of cryptocurrencies on illegal activities. These are to make long term benefits which will make slow and stabilized progress in the market.
Well the effect seems stays shortly ? because now Bitcoin recovers back to 41k and i think have a chance to increase more?
though Biden's executive order shaken the market recently but yet the effect seems weak ?
or we are waiting for more feedbacks specially in crypto market and whales?

Anyway many events had been in the air for some time now and the effect really shows the volatility of the market.
Just like we shouldn't react too quickly whenever price goes down, we should also not react too harshly as soon as it goes up neither. We are talking about a situation where it is quite difficult for all of us to decide what will happen with crypto. I mean it doesn't mean that we should not be doing anything, of course react it in a way that you would be able to profit from it, but doesn't mean that we should be making a big deal out of it neither.

We need to learn how to make a good income from these type of moves, but if reacting to it right away as soon as it happens could lose you money, then maybe we should wait and see what happens first.
1902  Economy / Trading Discussion / Re: How to understand or know the whale's next move? on: March 18, 2022, 07:45:59 AM
I'm wondering if there is any forum, website, subreddit or a threading discussion in this forum about what the whales are going to do or if there is a channel where they talk/share their next moves.

I've read that some users here read about this kind of topic but they didn't share any post or link to the source.
And why will the whale inform you about their next moves when whales are known to be the bad guys in this market. They work unpredictably because this is the only way to shake the market and for others to start panicking. This is where the whales earn the benefits of buying at lows so that they can sell it for profits when the market returns to normal.

If you have saw a discussion about whales, I think that was outdated already but I don't know maybe there are paid groups too on telegram where there can be a whale that leaked what other whales are planning for him to make a solo profit apart from the profit that he is going to get during their teams' operations.
1903  Economy / Speculation / Re: BTC Prediction for March!! on: March 18, 2022, 06:20:08 AM
I think technical charts and Technical indicators don't help much in decision making when Financial markets are in panic due to war in Ukraine and expected increase in Interest rates are the major cause of selling in crypto and stock market. The next move of Bitcoin will unfolds in Ukraine and what announcement comes from FED about interest rate.
I agree completely. When things are this weird, it is not really that simple to get things going, you have to actually pull something off to make sure that you could make a profit that nobody else can think of. If you just check the current markets and think that charts could give you an idea of what will happen, or think that indicators will help you then you have to realize that everyone else can do that.

If it was as simple as reading charts, even if people can't read it, there will be ones who can and tell others and we all would know what bitcoin will do. This proves that we are in a situation where crypto can't be known by looking at some charts at all times.
1904  Economy / Gambling discussion / Re: Cricket match prediction discussions on: March 17, 2022, 08:50:22 PM
All is well that ends well. Everyone was in good mood. Especially Waqar Younus, after the match review, he looked so happy and said in last 10 over my heart was pumping on every ball. Draw also means a win for Pakistan. To be honest, Pakistani needs to work more honestly in their respective departments. They are certainly lacking professionalism.
After very long disconnection Pakistan is having good team at home, so obviously they deserve some advantage and favour for these things but now as we are going into third test in Lahore reports are coming curator is already in Lahore from Australia for final preparation, and they already announce they will work in this way as well because now things are normal, and they have few big teams coming in Pakistan for more cricket which mean more revenue and more fans and entertaining cricket which is possible only with supportive conditions and pitches.

With this all still this second test have very good and interesting end as Australia having 170 overs but still not able to win this match which is also having many questions about their ability from few legendary Australian cricketers, hopefully next match will give some good cricket.
1905  Economy / Economics / Re: The economy is important for a family! on: March 17, 2022, 08:29:11 PM
Of course, the economy is very important for families, without economic knowledge, we cannot manage money well, and the most important thing in the economy is to always think how we can earn big and reduce expenses, especially during a pandemic like now which makes many businesses die so that we have to be more creative.
Having a sound economic knowledge can really be helpful to families. And one of the ways we can be creative is by having several sources of income and not just relying on one. We need to teach children that they shouldn’t only rely on one thing, it is good to try out other things as well and make sure that they keep growing.

For someone who keeps relying on one source, one thing for sure is that they might end up in a situation whereby they lose whatever source of income that they have and that would lead to them not having anything and eventually going broke. So it is good to build several sources of income and even if anything should happen, you would still have something to rely on and keep on moving and growing.
1906  Bitcoin / Bitcoin Discussion / Re: Swiss City of Lugano to Make Bitcoin Legal Tender on: March 17, 2022, 07:44:40 PM
So it will soon be possible to pay for purchases in shops in this city with bitcoin? That's certainly good news, especially from a developed country like Switzerland. The only thing I don't understand is whether it has anything to do with the Tether partnership. If I understand correctly, bitcoin will be converted into USDT which equals 1:1 to the dollar. Or does the bitcoin remain bitcoin and goes to the BTC address? If not, it's a tricky business for Tether.

Yeah that is right. That is what legal tender do, to make use of bitcoin directly to buy goods without needing to convert to fiat or any other cryptocurrencies. It's a good news but the op is not convinced somehow for some reasons maybe because the statement is not only about using btc as a legal tender but there is some extra rule about it but they didn't say something about btc being converted to usdt by the time you made a payment.

Maybe they too make tether as a legal tender along with btc but if ever what you said is going to happen, it's not going to be a difficult thing since there are now lots of services that do the conversion job.
1907  Economy / Trading Discussion / Re: Don't be wiser than the market on: March 17, 2022, 05:06:42 PM
To be successful in trading, of course, it takes time and a definite process.
so the more we try and experience failure it will be good for us to find out where the error is and evaluate it,
Trading is full of challenges so mentally preparing is also important
One other thing that people really have to know is that capital is required. If you don’t have enough capital then it is not advisable for you to do trading. It is best that you look for something else and not to be a day trader, because you are going to require capital.

Trading is something that is capital intensive and most people do not know this because they feel that it is easy and doesn’t require much, and with just any amount of money they will be able to get in and become rich at any time. But, it doesn't work like that, you need enough capital and you also need sound knowledge about trading for you to be successful.
1908  Economy / Speculation / Re: Bitcoin VS Oil VS Russia VS Ukraine on: March 17, 2022, 05:33:49 AM
To me, the war and the use of BTC in the region opens the perspective of having a multi-currency in the real world. Ukraine donations accept DOT and ETH too. People will start using any cryptocurrency if they are going to be accepted by businesses and we already witness countries starting from El Salvador.

The war in Ukraine just shows how much oil can be used to see who controls the world and we could see how the US did in the previous decades and how Russia is about to do it and how China is also about to dig oil under the South China Sea.
Even before the wars happen, people already know how to use a BTC but the wars can lead for more people to use BTC. It is nice if we have a multi currency not just the only one that we use right now because it can be use on different situations.

The wars again have prove it. Fiat currency are nearly useless but thankfully we have BTC and that continue the operation. Ukraine donations also accept dot and ETH, I have no problems with dot but I am more concerned with ETH. What if there are new people that use this coin and we all know that the fees in ETH is still high, will this disappoint them and they will think that cryptos are only for the rich? hmm... Roll Eyes
1909  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: March 16, 2022, 08:56:50 PM
It will be an interesting game as both are in good form and will definitely be fighting for the 3 points but I feel confident Liverpool will play Arsenal even without Mohamed Salah as it is rumored that he will not play.
and if you look at the second meeting Liverpool always win other than draws and Arsenal have never won, even though Mikel Arteta managed to revive Arsenal, but now he is facing Liverpool which in my opinion is not an easy opponent, and winning is mandatory for Liverpool because if you win against Arsenal Liverpool will easily toppled Manchester City.
They will still be very difficult in this game But that does not mean it will also win Liverpool easily.
The news about the error is still confusing until now because it is true that although Klopp did not say it clearly, the chance to play is still there.
Although indeed I was not too affected by it because I felt good enough for him to be able to rest for a while to completely heal his leg.
there are still some good players out there like Jota and Diaz who could be options.
We are talking about just 3 days before the last day, and 4 days for Liverpool. That is really not a big deal and I believe that we should not really be shocked if both teams would be tired. LFC also had champions league game against Inter not too long ago.

So, it has been very crowded schedule for them and that is why I believe that there is a chance for them to actually end up getting a boring 0-0 tie from this game as well. When players are tired, it is hard to attack but these are players who are playing in one of the best league in the world so maybe fatigue would not be a problem as much as I think it would be, in that case we could see attackers still being good.
1910  Economy / Trading Discussion / Re: Is trading journals worth it? on: March 16, 2022, 08:26:41 PM
If having no journal keeps you failing then try to have a trading journal to see and track what you've been doing with your trading career. And if you find it effective then there's no reason to ignore it and just continue what you've started for having a journal.
There are records that help us do better because we can see where our money is going on and with trading journal, you'll have the idea on how you've been performing all along as you trade and if that's not enough for you as a record then you might have to use it as a motivation because you've been exerting effort to become better.
There will be no changes at all if what he already been getting before is just pure losses and it can only make him feel bad because he can now see his losses on the paper or something, this will remind him that he is a failure.

A journal is not a solution but changing his strategy could be but he also need to study better on how to improve his trade, not just by frequently changing a strategy because he might be missing some key components on why he can't win any of his trades. When I see this thread I remember that its been also discussed in gambling if it's better to list what you have spend. Some don't want to because this will only make them chase their losses.
1911  Economy / Economics / Re: Bank’s failure on: March 16, 2022, 12:14:05 PM
I don’t think that banks would just freeze anyone’s account for no reason. Before banks can take such an action there must have been something that have led to it happening. I have seen so many occasions where the banks has taken such actions and freeze people’s account and it wasn't just for no reason, a situation must have occurred before it happened.

Until now there are still so many people who are relying on banks and using it as a means for them to make transactions. Not everyone is really into making use of cryptocurrency despite how good cryptocurrency is proven to be. It might be a case of not having pure understanding of how it works.
Like when a bank user is guilty for doing criminal acts or frauds, his bank account will then get frozen. That was acceptable but what about during the war between Ukraine and Russia, I heard that bank accounts of Russians were freeze too? Is that acceptable?

Maybe, if your against the Russia because they started the war but for some I think it isn't because bank users didn't commit anything that is illegal but it was their president (Putin) that started the war without their consent. If they can be able to use banks, I am pretty sure that they can also understand how crypto works. It's only just a matter of learning it. For now, they won't consider this but time will come they will.
1912  Economy / Trading Discussion / Re: Why Does This Always happen? on: March 16, 2022, 09:08:25 AM

That's typical of every investors/traders' experience and I believe it happens so because a lot of traders buy almost at the same psychological level. There are levels people believe the market will take a turn, either upward or downward. Most times it doesn't happen that way because the market has a mind of its own. They forget that what the crowd feels is right is in most cases not right. Those who follow crowd mentality in trading often get messed up like that. There's a reason the famed Warren Buffet tells us to buy when others are scared and sell when they're greedy buying more. He's right on that one. It simply means going left when the crowd go right and vice versa.
Buying when the market is at its lowest is the best decision anyone can make. It is good to monitor the market and know when others are fearful, and when they start being fearful that’s when you should start buying and gathering as much as you can.

Because, when the market is at its lowest you don’t really have much to lose, but if you are the type that rushes in when others are also being greedy, and you ended up buying at the peak price, then it is going to be a really huge problem for you if the market should start to plummet. You would lose a lot of money from that kind of investment. but for someone who gets in at the lowest, you can be able to have patience and HODL till the market reaches the top.
1913  Economy / Speculation / Re: Bitcoin touched $43k, from $33k in two weeks on: March 15, 2022, 05:34:15 AM
We are talking about the type of fall that wouldn't be a big problem for bitcoin, and the type of increase that's not even a big news to me anymore. I mean we have seen these type of increases and decreases many times before in the crypto world and we have to realize that we are in a situation where we should not be really that shocked about the volatility anymore.

It is definitely a bad thing when we go from 68k to under 40k, that was a bad one, and I understand why people would be terribly tired of seeing something like that again and again, we saw it literally twice in 2021 and it's bad. However the drop from over 40k to under 40k happened many times and it's alright.
Unfortunately there are too many people who are scared of any fall that is over 10% and that has existed for too long. I have been here long enough to see millions of people get scared of bitcoin falls above 10%, and it always recovered, we have never failed to recover and even break ATH, it always happens but at the end of the day we are talking about something that is dangerously risky for all of us involved as well because them getting scared and selling causes the price to fall and we end up buying at those low prices and wait for it to go up, but it takes longer because of them.
1914  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: March 15, 2022, 04:22:44 AM
England have lost there third consecutive match of the tournament while Pakistan have lost all 4 matches so far. Both Pakistan and England are technically out of this Women WC. So far SA is strong contenders for SA along with Australia. The other two teams who qualify for semis will be from NZ, WI and India.
Pakistan is relatively new team, and now they are at 18 matches losing streak but still done good job for last two matches first against South Africa and now against Bangladesh as in these both matches they were near to win but sadly due to lack of experience and bad technique fail both time hopefully these ladies will have their good lessons from these defeats and now try to change things in future.
 
But, England is losing third match in a row a big shocking upset for cricket fans in England as they were one of favourite teams but sadly lose all matches against West Indies and now South Africa mean they are at decline and have not enough preparation for this mega event now these ladies have very few chances because these need 4 out of 4 for having any chance and these ladies have chances against Pakistan, Bangladesh but tough games against India and New Zealand.
1915  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread on: March 14, 2022, 06:32:14 PM
The first leg match Barcelona vs Galatasaray was beyond the expectations of many parties where the match ended in a 0-0 draw where Barcelona was very difficult to score with the tight defense of Galatasaray so that Barca failed to win the first leg match at Camp Nou, where in the match itself Barcelona only scored one shot on target even though they managed to control 63% of ball possession which made Barcelona frustrated with the tight Galatasaray defense, but all parties were optimistic that Barcelona could qualify for the next round in the second leg at the NEFStadyumu
There is nothing beyond the limits because we can expect any result in any soccer game with all teams and players have just one motto win for their team so Barcelona vs Galatasaray match was also usual, and it's not happening first time we have some big shocking results in this season with unknown teams defeating top brands of soccer world and then losing their matches very easily.

Especially after watching match between Real Madrid vs PSG in Madrid we can expect all results so here Barcelona is still having very strong case for qualifying into next round, and even they can reach out into final as well.

Galatasaray is having terrible season in Turkish League, but they are performing extraordinary in Europa Cup with in presence of Lazio and Marseille they qualified for knock out round is amazing from them now first phase draw is also magical, let's watch now how they perform at their own home.
1916  Bitcoin / Bitcoin Discussion / Re: Buying BTC vs Mining it on: March 14, 2022, 02:30:23 PM
I think buying is a safer, simpler and lazier option, which can also bring some long-term profit and easily make $40k into $100k over a couple of years. As for mining, it means not only initial investment which you that need to cover by profits (when you buy Bitcoin, you can always pull your money out, and you'll get more out of it than out of selling mining equipment, probably). You also need to cover the electricity bills, which can be huge. Not to mention maintenance, so that your equipment doesn't break. And, possibly, taxes for doing business, maybe some permits to do that etc. So I'd go with buying Bitcoin.
Lazier is the key word here. I mean don't get me wrong, if you have the money for it, the tech mind to keep it going, and have the mechanic talent to fix anything that may go wrong then go ahead and do that if you want to. But for the life of me, I do not get people who have none of that and still end up buying bitcoin or gpu mining systems.

One wrong move and your investment could be gone, one broken gpu and your money is gone. Just buy it, hold it, and literally do nothing about it and you could make a good return from it for sure. I personally believe that we could make a good return from it without doing any work at all and that is a great deal.
1917  Alternate cryptocurrencies / Altcoin Discussion / Re: What should I invest in? on: March 14, 2022, 08:49:53 AM
Well, it depends on your investment goals. Long term versus short term. Long term you should go for the top 10 coins on coinmarketcap, then short term you can do any legit meme coin that has Play2Earn slapped on it
When it comes to investing, you need to think smart so that you can make the right decision at the right time. It is a good idea to invest in top coins but there is no guarantee that this strategy will always be successful due to market conditions. In addition to the top coins, there are many good projects that will try to compete with those top coins in the near future to go to the top position. So doing research on those projects is also important for making a big successful investment. However, investing in new projects other than top coin is much more risky which can lead to huge losses for an investor.
BNB, SOL, MATIC, and others (that I forgot) were once outside the top 10 ranks but eventually, they are now a part of it and the old top coin that they replace are now in their old position. This is what you're talking about there are always new coins that will try their best to compete with the older coins and if we are lucky to invest in them when they are still in their early phase, we can reap a lot of profits later on.

Investing in the current top coins is also not alone but it should be teamed up by constant monitoring so that we can dispose them early if you think they are going bad or you can buy more of them if you think they are going in the right direction.
1918  Economy / Speculation / Re: Is $30k the bottom for this dip? on: March 12, 2022, 09:38:21 PM
I see every day the development of Bitcoin lately a little difficult to step up to $ 40k, January to March 2022, still playing in the position of $ 30k and above, I think Bitcoin this year, will experience more changes and fall again, can..so touched under $30k lower.
Usually after a price explosion there will be a decline and this happens every 4 years, namely 2013 and 2017, and when the market can skyrocket in 2021, the beginning of 2022 looks sluggish, I hope 2022 will not repeat 2014 and 2018 which took time to more than 2 years to recover and skyrocket again.
I am not sure if we are going to have that kind of thing anymore. I am not saying that it is over and we won't ever have it, but we are in a situation where we saw 64k as ATH before in 2021, and then it dropped 60%+ or so, and then we reached to 68k again.

It all happened inside a single year, many people think that we had it in that cycle and it will be 4 years later again, but that drop and increase proves to me that we may not be in a cycle anymore. I believe that we could be 70k in a month as well, or maybe we won't but at least the chance of it is there. This is why I am not really waiting on a great return that many years later, it could happen at any given minute.
1919  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: March 12, 2022, 08:28:05 PM
I really don't understand why PCB is trying to make this test series not memorable by just encouraging them to not produce a result. I really expected something different from the first test but I am quite disappointed till now to see what has transpired in the test match. Seems like another draw is on the way. Unless of course, something really unbelievable happens.
Preparation of Pakistan team against this historic series was not good enough so just because of this they have done this all shameful act and now after reading statement from Ramiz Raja feeling they need to be more professional and have to accept few things if they want to be big and have some good value for future games here in Pakistan because first test was really bore and now after watching first day of this second test I have feeling it's also going into this same way because pitch is not supportive for bowlers and batsmen can stay as long as they can Khawaja was really in good touch throughout day, and he plays best of his cricket at his home country for first time.
 
Right now situation is West Indies is also no good as now this first test match is also heading for draw Bonner and Holder at crease with just 15 to 20 overs remaining in day and target is not achievable for them with England is also not good enough to take all ten wickets.
1920  Economy / Speculation / Re: Why is the price of BTC dropping? on: March 12, 2022, 06:39:30 AM
Now with regards to BTC dropping, there is only one answer for that. It isn't the events that is happening right now but its the sentiment of the investors.
Well, we all know that the events that are taking place are part of what triggers the actions that investors are taking right now. If there is an event that is taking place, and people feels that it is something that would negatively impact their economy or the market that they’re investing in, or something like that, they would all start selling their assets and converting to Fiat. So that in turn affects the market, and causes the price to start going down.

The same thing also happens in a good situation that people feel can make the price to start increasing, they all start investing again, and that makes the market to start going up in value.
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