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1901  Economy / Trading Discussion / Re: Money but from where on: December 06, 2022, 06:54:04 AM
First, you Learn, then after that, you remove the L. This is a famous quote when starting actual trading. Begin with yourself by reading books, watching trading videos, and reading online tutorials. Many sources online are waiting for you to see; you need time and patience if you want to earn some money in this field, and this is not easy; it will take years to have your strategy and say that you are now earning profit from trading

Absolutely right. Trading is something which requires proper training of  Technical indicators, learning how to manage risk/money & consistent practice.
Keeping control on emotions when market is extremely volatile , is also  important to be a successful traders.

Once you develop all these skills and emotional control then your entry and exit in market will be at the right time and at right price and most of your trades will end up in profit.
1902  Alternate cryptocurrencies / Altcoin Discussion / Re: The goodness of long-term investing in cryptocurrency on: December 06, 2022, 01:55:55 AM
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term and make good research before investing in all other projects.

However, most experienced investors already knew which altcoins they would be investing in, whereas newcomers will always buy bitcoin because it is well-known and provides a guaranteed profit in the long run. If you don't want to hold a bitcoin, the top five altcoins are the best to invest in because they are safe and secure. For the time being, avoid new coins because they are not safe and usually die after a few months, unlike well-known and established coins where you can get news every day and keep track on a daily basis.

Though Investing in new project is risky because we don't know how they will perform in the market and whether it will be listed on good exchanges but still we can get some reliable information through research work before we risk our funds in such projects.

What you must do & know before investing:

1- Read the white paper fully and focus on use case
2- Credibility of the team behind the project
3- Performance of existing projects in the same sector
4- Tokenomics
1903  Alternate cryptocurrencies / Altcoin Discussion / Re: The goodness of long-term investing in cryptocurrency on: December 05, 2022, 04:55:50 PM
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth, it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term but make good research before investing in all other projects.
1904  Economy / Speculation / Re: Bitcoin Is Approaching $17000 on: December 05, 2022, 10:38:13 AM
Bitcoin closed November price at $17.1k and started December at the same price based on UTC time update. Now Bitcoin is trading at $16.9k and was trading at $17,050 at 12:15 PM according to the CMC chart.

We are still waiting to see what will happen in December and the price of $17k is still a price that will hold on despite the difficulties in the market.
It is highly probable that the price will cross the $17k to be traded this week.
The best price range during december is $17K to $20K, I think that's more convincing than going down to find the lowest price. $17K will be support as bitcoin price strengthens in December so I think we will soon leave strong $16K support untouched.

However the FTX case will continue to impact the bitcoin price in the market for the rest of the year so the possibility of a rebound to $20K is hard to imagine. Bitcoin needs more support and trust after the FTX crash hit crypto, so it's taking a while to get back to $20K. But now that market conditions are looking much better than the start of the FTX crash, this is a positive.
The market is currently showing a positive movement even though the increase is still a small percentage of around 1.7%. I agree with you that $17K was price support in December.

The incident that happened to FTX was unavoidable which had a huge effect on lowering the overall price of the crypto. But if we look at the market situation has started to improve. Of course it will take time and other support to get back to normal as we hope for at least this December to be back at $20K.

The opening of Bitcoin market in green this morning after weekend, is definitely encouraging for market participants but we need to wait for opening of US market in the evening to see this positive trend continues and price is consolidated above 17K during the current week, then we might see Bitcoin moving towards 20K in coming weeks, if decaling trend in inflation continues in coming months.
1905  Economy / Speculation / Re: Stop the panic, I doubt we will see 14k or less Bitcoin on: December 05, 2022, 07:10:14 AM
how do I care when I was waiting for this to come? I am looking for this drop any time soon because I have funds available to re buy but i wanted this to be cheaper and that lowering like 14k or even 10k must come.

I have to wait for better result in the future at least 2 years time?


Many people will buy because they hope the price can be cheaper, when the price occurs then he will think again to wait for a cheap price again, this is normal because to get a big profit then we have to buy at a low price, sometimes the market is not in accordance with expectations We, when we hope the price goes down but it turns out that the price goes up and if we just wait then we will get a price that is more expensive than now.

You are right that we should buy and accumulate Bitcoin during the bearish market and don't wait it to fall further down before you decide to buy because nobody can predict correctly over a period of time, what direction market will take in coming days. The best buying strategy is Dollar cost average (DCA) which suggests to buy in parts and never use your all funds to make buying in one go, buy on dip, but at least in 3 steps, this way your portfolio will come in profit as market starts recovering.
1906  Economy / Speculation / Re: Stop the panic, I doubt we will see 14k or less Bitcoin on: December 05, 2022, 04:20:42 AM
This morning new week started with green candle and Bitcoin is now trading above 17,200 which creates some hope that Bitcoin will not fall further, and price recovery will begin now. The next strong resistance is 17,563 on day chart, if it is broken then price will go beyond 18K.

I think Bitcoin has already bottomed out and hopefully, we won't see Bitcoin falling below 14K. Good news coming about inflation and Ukraine war might change the market sentiment in coming days. DYOR
1907  Local / Other languages/locations / Re: Pakistan on: December 04, 2022, 04:55:59 PM
Is liye bhai exchanges sy door hi rahen.
Next koi bhi ho sakta hai.
Kraken, Mexc, Hotbit yani koi bhi. Iss liye apny funds ko out karen. Or wallets my save karen.

Binance ka name ni lia app na ? Kia khayal hay k binance save hay funds ky liey  Wink

Yehi tu game hay, jab bear market hoti hay tu sab exchnages ki scam ki news milti hay aur bull market mein asi news milti hay yeh exchange bihat zarbast hay aur woh exchnage mein woh feature hay.


Lahore Transport System is Getting a Huge World-Class Makeover

Lahore Lahore ay.
Lahore ko buss traffic sy hi bhar diya hai. Metro, Speedo local vehicles.

Bus humari sooch yehi rah gayee hy k buses laooo aur roadss bunaooo. Country tarqai tab kerti hein jab government education p foucs kerian aur technology p focus kerian na k roads aur transportation p  Sad

G Umer bhai, ap theek kah rehe han., country tarakki kerta ha jub apky mulk mein technological base strong hota or sirf eduction se hee hota or eduction science or technology mein jasa k CHINA ne esi bunyad pe bemisal tarakki ha. pakistan ka sirf IT ko sahi trh se use keren toh hum 50 Billion dollars se zayadeh exports ker sakty han or esi trh agr textile industry ko modren technology ki buniyad pe upgrade kia jai toh wo bi  bht export revenue generate ker sakti ha. Yeh sub kuch achieve kerny k liye ek visionary leader ki zarurat ha jo honest bi ho.
1908  Alternate cryptocurrencies / Altcoin Discussion / Re: How many of you believe in Litecoin? on: December 04, 2022, 04:26:58 PM
Litecoin has always been one of my favourite cryptos. It was the first crypto after Bitcoin, and it was the third crypto I mined first.
 
Nowadays, I do not mine cryptos any more, but I'm still hoarding Litecoin as I believe I will still make 10x or plus more than what I have invested. After Bitcoin, for me, it is the best.
 
So, how many of you still believe in Litecoin and think we will still see it go past the $500 mark again?

I have been trading LTC coin since 2017 when it was one of the top 10 crypto currency and as fork of Btcoin it was very popular currency. People used to transfer funds by using its network because its transaction fee was comparatively lower than Bitcoin.

Many analysts believed it will hit $1000 in the bull market but it never happened and its ATH in 2021 bull market was around $400 which was much lower than market expectations.

I think Lite coin team need to work hard to make it a popular method of payment for merchants to exploit its real potential.
1909  Bitcoin / Bitcoin Discussion / Re: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours on: December 04, 2022, 01:26:07 PM

coinbase shouldn't need to make news like this, because it will have a negative effect on centralized exchanges enough FTX and binance are making noise in the exchange world.

Coinbase does not publish this news, you need to know that we are using blockchain, which means everything is transparent and public, everyone can find it on the on-chain data. I don't see this as negative news, it shows that people have awakened and are more concerned about the safety of their property. Besides, this will also cause exchanges to try to improve their services if they still want to stay in business.

You are absolutely right. Exchanges have to make their system more secure, transparent, provide good quality service, to win the confidence of investors and keep their business running, otherwise, investors will move to decentralized exchanges. Collapse of FTX exchange has made inventors more vigilant and those who suffered will think thousand times before opening their account in any centralized exchange.
1910  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: December 04, 2022, 09:46:17 AM
I think the current bear run, which is certainly good opportunity to accumulate good coins at low price, will not end soon because the reason behind this negative sentiment is fundamental factors (Inflation, hike in interest rates and Ukraine war) which have affected all financial markets and Bitcoin market doesn't operate in isolation. It does get affected by economic events like stock market. Bitcoin & alts markets. I think if any positive development takes place to end war in Ukraine, then market sentiment will change quickly & funds will start flowing in all financial markets.
1911  Economy / Trading Discussion / Re: 5 Bear Market Mistakes to Avoid on: December 04, 2022, 06:01:52 AM
Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points.  Grin

No doubt HODL is the best advice if you have the capacity to hold your asset for long term and continue adding more assets in your portfolio during the bear market, if you have got extra funds for investment. I think all experienced investors understand the benefits of holding assets for long term but sometime due to urgent cash needs they have to sell their assets in loss. This is why I think, we should only invest extra funds, what we won't need to sell even in case of any emergency.
1912  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: December 04, 2022, 02:35:15 AM
The following projects that will be in are probably something with web 3.0 and how it affects our daily lives. It's going to be an activity where you will be able to integrate it quickly, and people who are into that could benefit a lot more or something related.

Mostly, people are interested in a couple of things.
  • Investing in something that could potentially profit
  • Getting part because they feel it's something that would make them valuable to the economy
  • It's just damn useful

Those, I think, are the properties that could make a project valuable to people and make it mainstream.

You are absolutely right people are interested in projects those can generate profit and in particular passive/stable income which we like to have to meet with our growing expenses due to rising inflation.

In future beside web3 projects, we will also see upgraded model of DEFI projects in the market which will be more secure and offer restable returns on staking. DEFI has huge potential of growth but need to be properly regulated to avoid scams.
1913  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 03, 2022, 04:51:58 PM
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?
I think Bitcoin still has time to achieve an unprecedented rise, but in my opinion, this year is not enough to recover. We need 2-5 years, and the good thing is that Bitcoin benefited from the crisis of the collapse of the FTX platform and its currency, and the collapse of Luna coin, and it gained the confidence of investors, as it survived by distinguishing itself during the bankruptcy period and the collapse and during the bear market, so there is a bright future and an unprecedented rise for Bitcoin, and we cannot forget Ethereum, as it is one of the best currencies and has huge popularity after Bitcoin, and I think it will rise while Bitcoin rises and the market improves.

Bitcoin will certainly reach new highs but now in the immediate future due to economic crisis all over the world that has depressed all financial markets including Bitcoin. the future of crypto is definitely bright because it has shown tremendous growth during the past years and has created its use case in every sector of indusdtry from finance to travel, health care and many mores.

Ethereum will also outperform once bearish trend is over because it can potentially attract huge investment in DEFI & NFT sector, once ETH 2.0 is fully implemented.
1914  Bitcoin / Bitcoin Discussion / Re: What problem does Bitcoin solve? on: December 03, 2022, 01:20:53 PM
The advantage of Bitcoin's decentralization is that it is not subject to third-party intervention and basically frees itself from government control. Let people actually manage their assets.

At the same time, Bitcoin, as a store of value, also increases investors' income, and many people have truly realized the freedom of wealth through Bitcoin.

The most important thing is that Bitcoin has no discrimination and integrates all countries in the world.


I loved what you said that Bitcoin doesn't discriminate and integrates all nations across the globe, in short it is a global currency which is not controlled by any central bank and its price is determined by the market. The best advantage of bitcoin is transaction across border without any delay & involvement of third party. Though it is very volatile currency but that is its beauty because it provides opportunity to make profit by using trading skills. Volatility is a gift if you have the expertise to manage the risk.
1915  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 03, 2022, 09:32:50 AM
Bitcoin and Altcoins are interdependent, Bitcoin will not be able to run alone if there is a red altcoins, proven as happened with altcoins luna or ftt that drops and makes the price of bitcoin drop significantly. This is a risk if we invest Cryptocurrencies like a roller coaster.

Bitcoin being the leading currency of crypto market is not dependent on alt coins, but alts depend on Bitcoin and they always follow the market trend of Bitcoin. There is very strong correlation between Bitcoin and alts market, what happens in Bitcoin market, it immediately affects their price, usually when Bitcoin slides down, the alts fall more than Bitcoin and when Bitcoin rises, sometimes Ethereum ( leading currency of alts market) goes up more than what Bitcoin does.
1916  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 03, 2022, 04:43:42 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?

The current situation of the market is not conducive for any big rise in not expected by the end of the year, however the recent  statement of FED chairman ( money tightening policy is likely to be softened & further rise in interest rate may not be as high as previous ones) as well as declining trend in oil prices creates some hope that market may stabilize between 17k to 20K in coming  weeks.
1917  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: December 03, 2022, 12:58:46 AM
Sometimes the government relies too much on the central bank to overcome inflation, in my opinion this is a mistake, without increased production, inflation will continue to occur, and it is proven that many central banks fail to overcome inflation so as to make the economy chaotic.

The governments all over the world rely on central banks to control inflation which is constitutional role of the bank in many countries and government can't interfere in it. Central banks usually control it by money tightening or softening policy which usually works but you are also right that that governments on their part should play their role by increasing agricultural (food price is an important component of inflation calculation) & industrial product which can equally work to bring down inflation.
1918  Other / Archival / Re: Don't worry, bitcoin is cyclical on: December 02, 2022, 04:00:49 PM
Long-term investors are more likely to dump their bitcoin when a new ATH is reached and will re-enter the market for another cycle after a dip. I see it as something more doable than having to hold the same amount of bitcoin for years and ignoring them from conversion while at ATH.

If indeed they believe these bitcoins are cyclical then they should be able to sell on a profitable cycle and reinvest on the next cycle allowing them to make more bitcoin than the previous conversion. I mean someone who sold their 1 bitcoin for $60K last year will probably be able to buy 3 more bitcoin this year after the 75% drop in price.

Not all long-term investors use this strategy. What you have described is essentially long-term trading, speculation on very long timeframes. If all investors followed this tactic, then we would see millions of bitcoins move during ATH in order to sell them, but this does not happen, because many long-term investors do not hold bitcoins in order to speculate with them at each new ATH. Sometimes they hold them in order to preserve the value of their assets in the long run, which Bitcoin does better than other assets.

It is right that long term investors don't sell their Bitcoins even  during the bull run when it makes ATH and we see double & triple tops on technical charts but they don't get tempted and continue holding their Bitcoins because they believe that due to rising inflation every class of asset will depreciate in the long term but Bitcoin is deflationary by its nature so it is the best hedge against all assets.
1919  Bitcoin / Bitcoin Discussion / Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method. on: December 02, 2022, 10:26:32 AM
It is a big step forward towards adapting Bitcoin as method of payment from a country like Brazil who is member of G20 and very good news for crypto enthusiasts who have been saddened by negative events happened during the past months.

We should hope the government & people of Brazil will make this experiment a big success story which other countries will definitely follow.

1920  Alternate cryptocurrencies / Altcoin Discussion / Re: FTX collapse: Good or bad for crypto in the long run? on: December 02, 2022, 06:21:29 AM
The collapse of a major crypto exchange, has once again taken the world by storm. There is a lot of FUD being spread by mainstream media, making people believe this is the final chapter for crypto/Blockchain tech. Now, US lawmakers are pushing towards stricter regulations with the excuse of helping protect investors' interests. Other countries could follow the US, greatly stifling the growth of the industry. I'm beginning to wonder whenever the collapse of FTX would be good or bad for crypto in the long run? This looks like another Mt. Gox situation, so it's likely things will be better in the long run after the dust settles. But I'm not so sure, especially when governments are now seeing crypto as a threat to the existence of Fiat (something they didn't think about when crypto was in its early years).

What are your thoughts? Your input will be greatly appreciated. Thank you very much. Smiley

It is a blessing in disguise and wake up call to investigate what was going wrong in crypto industry since long time. I am pretty sure now clean up operation will start which will remove many scam projects from the scene which will be good for overall health of the industry and once confidence of investors is restored by implementation of appropriate regulation, we will see inflow of new investment in crypto projects.
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