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1961  Economy / Trading Discussion / Re: Daytrading vs Holding on: June 26, 2021, 01:05:52 PM
I think it depends on everyone’s capability. The day trading you’re scared of doing, there are people who are doing and they will always choose it over HODL-ing. You are scared of the big taxes that will come from the short term profit, but these people are not afraid of it, because they can handle it by covering up. So, it’s totally different for everyone.For me, HODL is the key, and it’s what I have been relying on for long.

And also because I don’t have the time to be studying the market and being in front of my computer always. So you just have to stick with the method that’s working for you. Though it wouldn’t be bad to learn other things, because the more you learn, the more you grow.
1962  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth investing in coins you believe in? on: June 26, 2021, 08:48:10 AM
I do not understand the question very well? I checked what OP asked and it is basically "should I trade quickly to make a quick buck, or should I invest long term on something that I believe make me profit?" That's the question right? Well how could that be the question? What makes that even a question? Isn't it obvious? I mean if you believe something will make you a profit then how can you not invest into it? How could you even stay away from it? That just doesn't make any sense to me at all, it is just insane to think about how you could not make any investment into something you think that will profit you, if I know that I am going to make a profit then nobody can stop me for any reason.

However if you believe you have no coin that you trust that way, and you can trade and make a quick buck, then you will of course go with that, why not? So it is about what you believe in, isn't that obvious?
1963  Economy / Gambling / Re: Dice Crypto Calculator on: June 25, 2021, 09:00:13 PM
No offense but this isn't useful nowadays because you can easily calculate these things via most of the bots and some sites like stake have commands to calculate chances of losing a number of bets on a given chance. A good tool for gamblers who are new though since not everyone has the knowledge nor the access to the bots and commands.

I remember when I first gambled at PD years ago, I was looking for sites where I can calculate the amounts and how many losses I can take before busting because I was a huge martingale fan, I know it was a mistake but was new to gambling and was fascinated by the provably fair system since I always felt house edge was nothing but casinos are cheating me.
1964  Bitcoin / Bitcoin Discussion / Re: To diversify or not to diversify... on: June 24, 2021, 03:38:58 PM
It’s very nice to see that you guys are really making good progress on your Bitcoin journey. Well, it’s good to diversify, but one thing you also have to understand is that Bitcoin is always a sure bet, but you can’t say that for all altcoins, except the top coins like Ethereum, and Litecoin? When you invest in Bitcoin, there is the possibility that after some weeks, months, or years, the price will go up and you will make huge profit that will turn out to make you rich.

Although things has really started changing with Bitcoin, it is now becoming stable and is no longer like when you can invest $100 and turn out to become a millionaire in the next few years. Dogecoin and other meme coins are the ones that can increase crazily like that, because they are not as stable as Bitcoin and doesn’t have a strong community like BTC does. But I am not going to encourage you to buy Meme coins, because their future is not certain. So maybe for now you buy Tron, Cardano, Ethereum, and Polkadot.
1965  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto and energy consumption on: June 23, 2021, 05:50:54 PM
Yesterday there was a topic in my own nations crypto forum that I read and it was an interesting read. This one guy wrote it and he is someone who works for a company that has wind turbines, for some reason they make it work on 98% power and leave the other 2 alone, no idea why but I suppose it was just personal preference at that point.

So, when crypto got big this year they wanted to see if they could buy some equipment and mine it, after all mining machines do work and they do make money as well, with the 2% remaining power they could buy around 1000 S9's to mine, still a ton of money to spend but that would be fine.

They calculated that it would cost 16.5 million dollars to buy 1000 (even if they could find it which they can't for now) and would recoup the investment in 2 years. They decided it was the most idiotic investment because they could just buy 16 more wind turbines which would keep giving you profit for 50 years at least instead of be obsolete when new miners come out. So, they decided not to do that since financially it was a horrible decision. Energy consumption of it is not the problem, miners are getting ripped off unless they make their own equipment that's plain and simple.
1966  Alternate cryptocurrencies / Altcoin Discussion / Re: What about Litecoin? on: June 23, 2021, 05:09:31 PM
It’s a normal thing to see some trash coins trend. People tend to hype some new coins that come into the market as a way to get it pumped. And after the price might have pumped, they will leave the market and let it crash. That all these coins are trending doesn’t mean Litecoin has been forgetting.

Litecoin still remains one of the biggest coins in the market and also one of the best choice for investors.
There are lots of people who are always investing their money steady in it. If you check the price you will see that it is one of the coins that reached a high price this year, although the increase might be much as expected, but it still did great.
1967  Alternate cryptocurrencies / Altcoin Discussion / Re: Youtube channels and influencers are currupt like the Mexican police on: June 23, 2021, 04:26:31 PM
The coins remind me the Mexican cartels and the influencers remind me the police who get cash flow.
They don't care about the people they care about their money and they will supress the law for it.
Everyone is shill everyone promotes other coin for money even the people who seem legit and naive are shills. nobody is trusty.
Well it’s time that you start to wise up. You have to know by now that YouTubers created their channels mostly to make earnings from it. So they are not going to say No to all these companies that approaches them with a deal. But some of them are good enough to even give you warnings to remind you to do your own research before investing in anything.

So, you shouldn’t just buy whatever you’re being told on their channels. You also have to do your own research and also ask questions and know what other people thinks about the project you’re planning to buy. That’s very important.
1968  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding and taking profits on: June 23, 2021, 02:20:12 PM
First, I don’t think that for anyone to make money in this market that they have to follow a particular strategy, let’s say for example; long term instead of short term. There is no strategy that is hundred percent guaranteed to work. None of them works that way, it has to do with your level of expertise in using that particular strategy.

I do long term and it has been a good choice for me and has been working. But this is not the same thing  with my friends that are into short term trading. Even at that, they are still making money from the market. So it hasn’t to do with a particular strategy, because if it was, then everybody would definitely chosen that strategy alone.
1969  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the market build an immune system against meddling from influencer like Musk on: June 23, 2021, 05:53:30 AM
Basically it depends on how many people are following them and when more people are involving into crypto space then those manipulators will obviously lose power because not everyone in this crypto space is necessarily following them and react to them.
Yeah, this crypto space is continuously evolving and when more people are adopting cryptos then we will have more stronger environment which will be resistant to influencer and manipulators. Crypto space is a open for everyone but that doesn't mean anyone can manipulate it according to their own wish. Some big people are currently doing that but I am also very much confident about once people realize them then they will get ignored by most of the people (including non-crypto people) around the globe.

This way I too believe that market or crypto people do not need to build anything to protect us from FUDs but just being aware of why some people are continuously shilling on something then everything will get sorted out over the time for sure.
1970  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino on: June 22, 2021, 08:06:21 PM
At the moment TRON is capable of completing 2000 transactions per second and the number of transactions created on this mempool was less than 2000, but what if 200K transactions on the TRON netwrok every second, the transaction cost will increase so that the transaction fee will also be increased that is why each coin may face the network fee issue when the transactions are at its peak.
actually you have just broaden the topic , I am pointing in increasing of the fees though it sometimes cause by congestion but not literally every time.

and comparing to Bitcoin and ethereum tron and dogecoin may increase but peanut amount than those 2 so there are nothing to furthermore here .

Try to extend your post in other topic because there is more valuable in some place than here.

anyway thanks for the input ,appreciated ..
I believe it is quite valuable here considering the hardship of the paying for each fee, you are paying a fee when you are depositing (not to roobet, but wherever you are depositing from) and you pay a fee when you are withdrawing, all related to roobet if you want to gamble.

One of the biggest problems that casinos have right now is the fact that people who have under 10-20 dollars can't gamble in many places, they can gamble maybe in a few places if they are lucky but most places decline them indirectly by not putting in a great altcoin that can help them transact their currency easily without paying too much. In the topic of having 200k+ transactions in tron network, that would make it a bit more expensive, and it could be manually overridden to include more in a block as well however even at 2 million transactions per second it will undoubtedly still be cheaper than bitcoin.
1971  Economy / Trading Discussion / Re: Cryptocurrency Market Manipulation Logic? on: June 22, 2021, 06:29:40 PM
I guess maybe people listen to Elon Musk too much? But seriously, people never learn, and I know for sure that no matter how much keep saying this, there are still a lot of people who will never learn and they will keep repeating the same thing over and over again. The third reply to this post with the image by SquirrelJulietGarden explains everything very well.

And one thing I have always noticed every time price is going up is that people always predict that the market will go further, which never happens. Around that 2017 and 2018 pump, when the price was approaching $20,000, I was seeing a lot of people predicting that it will cross $20,000 and reach $50,000 and some were going as far as to say it will reach $100,000.

It is no surprise to me that this very day, that some people were repeating that same thing they did then again this time around by making predictions that the price will reach $100,000 when it got to $60,000. And some of them were even predicting more than that before the year runs out. But now look at where we are. So people keep repeating the same thing, that’s why you have to be very careful and invest wisely. Don’t go with the crowd, calm down and do your research.
1972  Economy / Economics / Re: Twitter ban, koo opens up. How will this play in Nigeriann business environment on: June 22, 2021, 05:41:51 PM
This is very bad. Twitter is a very helpful platform, although sometimes it can be misused by some people. But it has been really helpful in helping a lot of get their voices heard in some situations whereby they need help. I have seen a lot of things happen and Twitter will come to the rescue. The sweet thing about Twitter is that it is totally different from every other social media platform, once you get the hand of it you’re going to love it.

So for the Nigeria government to ban Twitter, it is very wrong of them to do so. The kind of tweet their government made is very bad and I’m in support of Twitter taking down such a tweet. Right from time I have known the Nigerian government to be corrupt, and I hope the people get to stand against them someday and defeat them.
1973  Economy / Speculation / Re: Will BTC fall below $30,000? The high-yield risk opportunities are in MEME? on: June 22, 2021, 04:38:04 PM
I am now neutral on whether the bull market is still in place.

If the market changes to a big bull market, does it mean that meme coin has better returns?

After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?
First of all I think you should know something, and that’s that Dogecoin never had a move as huge as this since it came out. So those that are going to be telling you that there are chances that it can repeat this again, how sure are they?

2020 to 2021 are the years that Dogecoin really shined. And other meme coins you are talking about are just riding on the achievement of Dogecoin, people are buying them because they feel they will do the same thing as Dogecoin. For sure a lot of them has lived up to that expectation, but for how long? So my advice is that if you’re going to be investing in those, you have to be very careful, invest little in them, and look for other solid coins to invest your money in.
1974  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make your HODL or dump decisions? on: June 22, 2021, 12:45:10 PM
I haven’t heard of the SUBX token before, so I guess it’s a new coin? Anyways, this happens, when a new project launches there are always some early investors that are going to dump the bag to cause the market to fall. That’s what they are only good at, they go around searching for new projects that has the potential to grow, and when they do find them, they invest huge amounts earlier, and once the project kicks off they will dump the bags.

This tends to discourage other investors as well who might end up leaving the project, and it also affects the team as well. So it is very bad, but  you can’t stop manipulation in crypto market, since it is not like stock market.

This is the reason why a lot of people tend to go for old coins than the new ones because they are more stable. With that said, I think if you look at the project and the team are working hard, then you might just stay. But I don’t think the price will go up immediately, it might take time for them to catch up and start growing again. Then you can sell when it goes up.
1975  Economy / Trading Discussion / Re: Signals in crypto on: June 21, 2021, 09:31:48 AM
Keeping up to date with their social media updates is really a good source of information. Some projects will not update their respective ANN thread in the forum, but most of them are active in their socmed like telegram or twitter. However, you should also evaluate if the tweets or updates are substantial to the growth of the project. Because if it is just small things that don't affect the improvement of the coin, they may just be stalling and there's really no development going on. You can get insights if the dev team is just stalling or has real updates if you will closely follow their movements. You should keep up with all the coins that you are interested with. That's a tedious job but if you want less headache, just follow only those important coins that you want to get involved with.
Yes, keeping up with the project is important after you invest in it either via social media or telegram where most of the admins will post updates and coming features to the project. But make sure they are actually delivering what they are claiming to achieve because a lot of projects promise big things and end up doing nothing.

Signals as far as trading is concerned aren't relevant and worth since most of them are inaccurate and random predictions. Sometimes you may find groups where they actually pump a coin and some will benefit from it but those are near impossible to spot. Analyzing the project is probably the best possible way of ensuring profits with new coins or just trade within known solid pairs like ETH-BTC where you won't actually see much change but small gains can be made.
1976  Economy / Gambling discussion / Re: Betting to Risk Free Fights on: June 20, 2021, 08:52:21 PM
Even if there is a mismatch in a card we should consider the possibility of upsets it always happen the favorite relaxing thinking that he can take him down anytime and the underdog trying to prove that he can take this guy, upsets always happen they will not face each other if they are not capable of taking down each other I will not even bet 100% winning over the other, I will still doubt the favorite.
Absolutely and such mismatches hardly happen in the UFC and if even they happen sometimes you will see the odds will clearly revealing it. Recently Nate Diaz was mismatched with Leon and despite the legacy and history of Diaz, it was quite obvious that Leon would win and the odds were 1.1 or something like that for Leon Edwards to win which he did but not without some hiccups and crazy last round shenanigans from Diaz.

I hardly bet on such heavy favorites because although chances are you will win but the odds are just not worth it at all. I rather back underdogs especially in fighting sports where a small mistake from the favorite will do a whole world of good for the underdog. In sports like tennis, a small mistake won't mean much because one point doesn't change the game but a bad movement and kick can create severe issues for a fighter.
1977  Alternate cryptocurrencies / Altcoin Discussion / Re: Polygon (MATIC) vs Ethereum on: June 19, 2021, 08:44:53 PM
And now this is the comparison? We had eth vs bnb for like a year now and now it is time for matic vs eth? Can we just stop with comparison and hope that they all do great? I want matic to do great, I want ethereum to do great and I want bnb to do great, while we are at it I want bitcoin to do great, and litecoin to do great, hell even doge to do great even though I dislike it personally because every single coin doing great would mean that we are talking about something that is beneficial for everyone.

One of those coins going up usually means the market is going up, I haven't seen too many times when a coin goes 100% higher while all others stay the same or go down, that means in most probable situations if a coin goes up too much then all others are going up as well. Which is why I hope ALL coins go up, not just some, and I do not compare them, I want them all to succeed.
1978  Economy / Economics / Re: Money and happiness. on: June 19, 2021, 08:14:42 PM
It kind of depends on the person doesn't it? I have a friend who doesn't make even remotely close to what I do, he is working for minimum wage, and he is actually saving money aside and bought his first car during pandemic. How? Well dude is single and I am married, dude lives in a crappy studio apartment which he renovated and looks better now but it is still in a shitty place in a shitty apartment, and he pays very little rent, he doesn't go out to do anything and he loves gaming (well I do too Cheesy but I go out too) and basically all he does is go to work, come home, play pc games, eat and sleep that's it.

This guy is happy without money, but I would be killing myself if that is the limits of my life, I would need to do something eventually, I love that he just plays games because he loves and he should do that, but just because he can, doesn't mean I should too. Hence "happiness" is not something set, everyone finds it somewhere else.
1979  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this a bad time for altcoins? on: June 19, 2021, 05:54:55 PM
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
For you to see a good coin that is not doing well, that’s because the team is not doing enough to push it forward.
If the team is doing what they are supposed to do, then the coin will move forward. All those meme coins you think are worthless are moving forward because the team behind them are doing their best to push the project forward. That’s why it is not good to start up a project when you know very well you don’t have what it takes yet. No matter how good a project is, if you don’t have a good plan, then it’s going to fail.
1980  Alternate cryptocurrencies / Altcoin Discussion / Re: What are some long term projects for holding? on: June 19, 2021, 04:05:26 PM
I'm new to this whole thing and recently I've realised that too many projects are volatile and not trustworthy.

Any suggestions for tokens that are more trustable and worth holding for 6 months and more? I will do my own research of course.
I was going to say Bitcoin, but then you said it’s going to be six months. If you’re planning to make double your investment, I don’t think that is going to happen with bitcoin in six months time. So maybe an altcoin, but I wouldn’t say Ethereum either.

Maybe coins like Cardano, Polygon, Polkadot and Binance coin will be a good choice to go with. But if you invest in Bitcoin with a plan to hold it for more than a year I believe you’re going to make good profit. Finally, you can also do more research like you have said, that will go a long way to help you.
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