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1941  Economy / Scam Accusations / Re: [Expose] highpointlite.com Hype Project on: December 05, 2022, 04:36:44 PM
These sites run on the referral spam that gets generated by users who promote their referral links through many PTC and GPTC sites. Most faucets have a hoard of banners promoting them too, such that we cannot differentiate if it is a faucet site or a noticeboard.

Anyway I hope this saves some newbies from getting scammed on this site, the basis of how they run is that they take money from new investors to pay their old investors, while all of a sudden they will vanish and you will be left hanging with no trace of your money.

Now there are people who make money with these sites, they are the affiliate marketers and the owners of the scam.
1942  Other / Meta / Re: Auto-correct will improve communication on BTT on: December 05, 2022, 04:27:05 PM
Improving vocabulary should be done separately than posting on bitcointalk and getting auto-corrected.

I prefer correcting my own spelling mistakes by the dictionary prompt and I have always found the auto-correct feature to produce more problems than solve problems, leading to its halt on my phone.

Besides, the forum detectives have often used patterns in spelling mistakes as a method to track down alt accounts being run by the same person. Cool
1943  Bitcoin / Bitcoin Discussion / Re: What should be my fear? on: December 05, 2022, 03:54:34 PM
Your lack of knowledge and experience can make things tricky here, but dont let that become an obstacle to your investing ventures.

Firstly learn how crypto works and its pros and cons against fiat. How to secure your wallet should be your biggest objective because losing your private keys like a fool is a common mistake many newbies do by falling in the traps of scammers lurking everywhere on the net.

Once you have mastered this, you should look into whether you have the trader's mindset - do dummy trading to get a feel of how trading works. Remember that trading is not for everyone. Buying at low and selling at high is often mistakenly done in the opposite manner.

At 16k the price is hovering, I would suggest you to work on your knowledge and dummy trading first. Dont just jump into it. You will get a lot of bear markets in every few months to buy again. Dont go into the "fear of missing out FOMO".
1944  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which Crypto would you like to see more in Online Casinos? on: December 05, 2022, 03:50:32 PM
This discussion has no end, everyone has their own favorite token and they want it added to the casino they regularly visit. Hence asking for the same means you will only get lists of all the other coins in this sphere.

The only coin that is needed to run a cryptocurrency casino is bitcoin. The top 10 altcoins can be added to give a support to bitcoin, but that is more than enough. Brain dead shills of every new token will attempt to get their tokens added to casinos hoping that would drive the price, but this in reality is a false dream that they have.

Only if the casinos give some extra benefits on using a newly added coin, it would good for the regulars, otherwise they rarely bother.
1945  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can we see a huge rise in the price of Dogecoin ? on: November 27, 2022, 07:57:04 AM
Dogecoin is already a much popular and huge potential coin. And it has a huge possibility to pump hard like before. So anyone should invest for time on it. And Elon Musk is also a Dogecoin promoter. So it will pump more in future.
Just like you can talk about any coin being a popular and potentially good coin, it does not prove a thing. You would have to back it with evidence meaning charts that show the gradual growth and use of doge as compared to other currencies.

Just because a celeb promotes it does not mean its growth is natural. Today nobody can predict what can happen to a person tomorrow. God forbid but maybe one fine day you will find your fav celeb dumping their coins and moving to something new leaving you hanging. Creating fake demand on the crypto market is easy for influential people but how to handle that to make money is another ballgame.
1946  Bitcoin / Bitcoin Discussion / Re: Crypto Education on: November 27, 2022, 07:52:46 AM
Do you know that it will be very difficult for a country to decide this time not to embrace the adoption of cryptocurrency and Bitcoin to be mentioned, because i believe that the regulations of cryptocurrency is everywhere across the nations, but the only thing you should understand is that cryptocurrency government don't have the right of controlling a cryptocurrency in her nation irrespective the commands of government
Regulations are only in discussions now and very few governments are actually trying to control crypto because the people who run such governments know that it is not possible.

If there are regulations in place in future, possibly education about crypto will be imparted to the growing generation as well. Because with the rise of something new, scams related that also flood the system. Then awareness and learning how to avoid getting scammed would mean a lot. Still it is in the future and for now we should educate our near and dear ones if they are getting involved in cryptocurrency from whatever we have learnt.
1947  Bitcoin / Bitcoin Discussion / Re: How important is fiat to Bitcoin? on: November 26, 2022, 06:14:31 AM
We might be imagining a world where the next door coffee shop has payments accepted in satoshis, but this is far beyond the reach at the moment. Fiat was the reason why bitcoin was created, to cover up some of the flaws of the fiat economy. At present the acceptance and use of crypto for buying daily necessities is low, very few merchants are accepting crypto directly to sell their goods.

Most of them has some sort of fiat conversion system to accept crypto, which shows that the dependence of crypto is much on fiat when it comes to common people. The major market of bitcoin is still gambling and exchanges.

We can be hopeful of better and easier integration into payment system and the ease of use will drive acceptance among non-bitcoin users too.
1948  Economy / Trading Discussion / Re: Share your Crypto experience. on: November 26, 2022, 05:46:07 AM
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
If you got in at a price higher than average you would see losses when the bear market starts. But I would suggest you to hold on to the DCA for now completely and just wait it out in order to boost your confidence once the bull comes back. Another strategy could be to buy at the low and not DCA but sell at the high only.

My experience has been so far so good, considering I am a very cautious trader and I usually go with very broad ranges to buy or sell at, usually that means having a time period of at least 6months to buy/sell one cycle.

I suggest you hold your horses and have patience, the initial years of crypto road might be bumpy specially when a bear market is ongoing, but I have seen it go through the cycles more than once and I can say that people will lament once the market goes up because they forgot to buy at low and also complain when prices go down because they bought at the high.
1949  Alternate cryptocurrencies / Altcoin Discussion / Re: The Good the bad and the ugly side of airdrops on: November 25, 2022, 03:36:26 PM
The good side that the OP talks about is non-existent.

These tokens that get distributed in the form of altcoins, they are mostly shitcoins and they get dumped by their advisors before the airdrop hunters are able to dump at all. Hence they are stuck with a huge stash of such coins in their wallet but no market to sell in.

Also because the supply is so abundant after the airdrop has happened and because the use case of that coin is bullshit, the demand for the coin is almost nil. Again this leads to a zero buying market.

Thus only the bad and ugly sides actually exist.
1950  Other / Off-topic / Re: Increase in cost of running the family on: November 25, 2022, 03:33:00 PM
This friend of mine now complain so much because of the new child adding to his family. If we reduce the child bearing to the amount we can take care , it will reduce the heat we are feeling from the bad economy experience.
I should not judge, but bringing in a new member in the family at a time when the economy is bad will be difficult to cope up with, if not prepared beforehand. The economy was going down gradually but families will keep growing and we just have to keep going on with it. No time will be completely with your side, you just have to adjust.

There are many new families coming up and I do feel sorry for the young ones at this time. Fact is that the appearance of new life should bring in something that is lacking in such times - "HOPE" and that hope is what fuels the families to work harder and find resources to sustain the family.
1951  Alternate cryptocurrencies / Altcoin Discussion / Re: Does altcoins actually have the potentials of generating benefits to investors? on: November 24, 2022, 02:51:32 PM
Altcoins have the opportunity to bring huge profits but it is not always a good time to invest in it, many people saying that now is the right time to invest in altcoins is a mistake. Altcoins should only be invested when the market shows signs of bullishness, altcoins are not a long-term investment.
In the bull market, altcoins will have already gone up and you would end up buying at the top, so it is tough choice and a difficult to make one. Once in the bear market, it is difficult to predict which coin will be going to the top in the next bull run - this ends up becoming a gamble. If someone is willing to take the risk, allocate funds separately for altcoin trading and bitcoin trading with strict rules to not mix the two. The altcoins are going to be a risky move to make while bitcoin is way safer if bought in the bear market.

There is definite potential for altcoins to generate benefits for investors. But this will happen only if the project actually has an inherent market making capability along with a good team and ongoing development. Difficult for them to compete in the mainstream market. Roll Eyes
1952  Economy / Trading Discussion / Re: My exorbitant lessons in last bull market on: November 24, 2022, 02:46:13 PM
Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.
That is what beginners have been doing in speculative markets. To them the amount of fiat money needed to acquire one bitcoin is huge and hence they move away to bigger "whole" numbers and that means going to altcoins. They dont realize that nobody buys 1BTC on their first trade, but fractions in satoshis eventually adding up to a number of bitcoin(s).

But they realize soon enough that in the bull market these altcoins might give some profit, if they get lucky, rest will remain down in the dumps. While bitcoin soars above everyone else and its holders reap profits.

You might have to hold BTC for several months, but you will get 5x of your capital on the next all time high. Grin
1953  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin survive the apocalyse? on: November 24, 2022, 02:33:49 PM
It's like operations will be stopped if no miners left anymore, the network will be there but if there will be no one validating and confirming transactions then that doesn't make sense anymore.

The network might be stopped at that time and when someone does to reactivate it then that's it.

It could be stopped temporarily but then likely will go back when there are people that will continue to mine.
As soon as some miners stop mining, the difficulty will fall and the existing miners will start getting a bigger proportion of the block subsidy as rewards. This will incentivize the existing miners to stay put or encourage new miners to join in the network. Therefore this will not be a problem at all.

What becomes a problem is that when bitcoin prices fall some weak hands start to lose their interest in bitcoin and panic sell. They make the market price drop even more. There is no such thing as apocalypse happening. Bad times and bad economies happen every few months but price has been stable at the 16k USD level for about a week now. I think we might see upward movements by December, once the FTX news gets saturated and people start buying again.
1954  Economy / Gambling discussion / Re: Running a casino during crypto crash on: November 23, 2022, 03:44:02 PM
There will be more and more accusations  created to existing and also new casinos.
Accusations are valid if a casino scams it user and no legit casino would do that in the bitcoin space. I am not sure why some existing casino would ruin their own name and company for some petty cash. Also casinos not being able to pay its players might not happen so easily, because there a often cold wallets that have reserve money in needs of emergencies.

Again these are casinos we are talking about, so there is a constant flux of losers who waste their money so the hot wallets keeps getting refilled.

Furthermore, the USD prices of coins have gone down meaning buying more bitcoins per USD is possible, thus making bitcoin or other coins cheap.

Keeping all these things in mind, it would take a lot more to make the casinos go dry.
1955  Bitcoin / Bitcoin Discussion / Re: Imagine the condition of people today if they had invested on Bitcoin in 2015 on: November 23, 2022, 03:34:36 PM
I think about a great opportunity people had miss when Bitcoin was still in a lower price, imagine how many people Bitcoin  would have made a millionaire, though by then most people were a bit skeptical about the growth of Bitcoin, if it has a good potential or save to invest.
At that time when bitcoin was close to three digit price in USD, people were buying but the exposure of bitcoin to the global population was limited and hence there were smaller booms in price. With gradual mainstream appearances of bitcoin we have seen the bigger price ranges to be achieved, which adds up.

Although the price going up made a lot of people regret their mistake of not buying at the low, not every country is lenient about crypto and if you live in one such, then you have no other option.

Again it is also true that someone who bought at say 500$/BTC, would defenitely sell at 10k$ without looking back. But if they bought back at lower price, then only they might have held to sell again at 20k$. What I mean is that many people have completely exit the market at much lower highs.
1956  Other / Off-topic / Re: Do you consider appearance in business and employment? on: November 23, 2022, 03:28:26 PM
Although it might seem so, but appearances do matter in making a public opinion.

A well known businessman coming in a lambo while another one walking to their office because the left the car somewhere away in parking makes the people think the first one to be a bigger businessman than the second. You have to understand that public only looks at the snapshot image and not the big picture that is why they can be fooled easily. This is also the reason how scammers hide in good looks.

If you are running a business, how you present yourself and how you interact with others makes a lot of difference.
1957  Economy / Trading Discussion / Re: Biggest reason why you dont make profit first on: November 23, 2022, 08:15:02 AM
Buy on a dip, I like to wait for the straits, then I buy with confidence, if I miss this moment then I look when the trend changes. But in any case, you need to buy for an equal part of the deposit, so that in the event of a further fall, there is an opportunity to buy more. It's not always as easy as it might seem. If the price has risen, then I no longer buy, but wait for the next opportunity.
 It is a continuous thing to buy and sell. Because the market will be having its own movement and your prediction might not always be correct so that you might have to do fractional buying.

The reason why so many people end up missing opportunities is that they don't take the fractional buying to account. It is possible that one person runs out of the funds at hand.

Only watching the market and buying at the low means you will cover the good biy points.
1958  Bitcoin / Bitcoin Discussion / Re: A reminder about the media on: November 22, 2022, 10:41:37 AM
The use of crypto news media should only be to keep track of what's new and happening in the crypto sphere. Not to make predictions or place orders from. Major technical analysis done here will be failing and they are only posted for filling their daily quota of articles.

So better to treat the coin prices as just numbers and not get influenced by the news that keeps on going on and on, good or bad.

The more you see the news the more confused you will become and that will affect your trading decisions and the chance of making money.
1959  Economy / Trading Discussion / Re: BTC Price Drop - How are Bitcoin Long-Term Holders Responding? on: November 22, 2022, 10:20:12 AM
Long term holders are always in for the long term and these movements only mean they are going to buy more and more to stockpile bitcoin for a selling move at the next all time high. It is no surprise to see them optimistic at these points because they know and realise that altcoins would never be as big as Bitcoin and that Bitcoin and will cover back when it gets over th bad times.

Times are always temporary and cycles are continuous. One just needs to keep their focus and continue hustling on the way.
1960  Economy / Trading Discussion / Re: Payed trading person to follow on: November 22, 2022, 08:51:19 AM
You should go to Twitter where many people keep sharing their analyses and trader setup for different cryptocurrencies. And It's completely free, no subscription is required.
Twitter is a place where many self-proclaimed traders post their methods or strategies. While the truth in such posts is questionable, it is not that all of them are fake. However the outcome from such comments is never going to be 100% accurate. Hence they should not be taken as financial advice.

Whichever trading is done, listening to someone else to do your trade means being a fool. Remember that since it is free, it is mostly fake stuff is going to come in. The Twitter pages that run often run on advertisements which pay them, so they post such things to get more followers.
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