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21  Economy / Economics / Re: Rising inflation forces investors to look for defensive assets. on: April 02, 2022, 04:50:53 PM
Stable coins are backed by fiats so they are not different from the local money that you use but they can still be affected by inflations. Someone can call crypto as a safe heaven, maybe what they mean is it can save you from the inflation and I think it has to do with the supply of cryptos which are limited.

I don't think real estate is a defensive investment. What if there is a war? Can a real estate defend itself from the projectiles and falling debris? It can be easily damaged but not cryptocurrencies because they are digital. Cryptos values can go down but that's not permanent. They can recover and the increase will be twice better than before.
To consider that there could be a war where you buy a house, maybe you are not in a safe place? I mean I can buy a house where I live right now with the 100% trust that there wouldn't be a war here, maybe some terrorist attack? But that is not a war and you could get insurance for that I suppose, or at least rebuild.

Aside from that we really can't do much, that is the most defensive one, if you buy gold then they can steal your gold too, which is why the idea of defensive investment is not just how safe it is to keep it, but more like how defensive it is when there are economical problems. Against stuff like pandemic, or war in another nation like right now, or economical crisis like stock market crash. Gold, crypto, real estate these are all defensive in that regard.
22  Bitcoin / Bitcoin Discussion / Re: Goodbye, privacy, goodbye, it was nice while it lasted. on: April 02, 2022, 12:35:51 PM
Just for clarity, I use Bitcoin Core to store most of my stash (since 2014)…..


1.) If I was to send 2BTC to a centralised exchange in Europe that I am KYC’d with, will they accept those bitcoin from my ‘non custodial’ bitcoin wallet & allow me to sell & withdraw fiat to a linked bank account?

2.) If I buy 2BTC on for example Bitstamp & withdraw them to my ‘non custodial’ wallet is that acceptable?

I’m not even residing in an EU country, just curious incase similar rules are enforced in the UK. Assume I live in an EU country though when responding.
I don’t think that this would affect those that are living outside the EU. But The thing is that other countries might as well decide to adopt the same strategy, we are just not sure about that yet. All this while the government were just taking their time to study cryptocurrency and how it works and then know the perfect way to come for it. And this is what they have just started to do now.

From what I’ve understood, and to answer your question, how this is going to work is that if you are sending Bitcoin from your decentralized wallet to an exchange that is centralized, I believe that it would be accepted by the exchange.

And then if you decide to send Bitcoin from your centralized exchange to a decentralized wallet like you have said, the exchange would require you to give information about who is receiving the Bitcoin that you are sending out. So, you are giving information about yourself and about the recipient for whatever transaction you are making. That is how it’s going to work.
23  Economy / Economics / Re: Russia wants to build a new world order with China on: April 02, 2022, 10:09:24 AM
I have been wondering what would be the next move that Russia would take after the sanctions  that was imposed on them by the USA.

Well, it has come to this, and I don’t think that the US would be able to do anything when it comes to the decisions that other countries would be making for themselves. If other countries decide that it is time for them to dump the US dollar and choose another currency as a reserve, then they can all do that and the US wouldn’t be able to stop them from making that decision.

And as I’m seeing it, there’s likely to be a lot of countries that are ready to take such action. Countries that have been threatened by the US before due to one reason or the other would be ready to dump the US dollar and move to another reserve currency if it happens.
24  Economy / Trading Discussion / Re: Where do daytraders store their crypto? on: April 01, 2022, 09:38:32 PM
if it is then it is a must to store the funds on the hardware wallet and not inside the exchanges but if it's for trading purposes you can just choose a trusted exchange and store your funds on them. A trusted exchange have a better security than the non trusted one, we are sure that hackers will have a hard time of penetrating it.
Thats not even really needed. I mean it is cool if you have a lot of money, if you are long term investor and you have a lot of money then it makes sense to get a ledger nano or something like that. However, if you are using Binance or Coinbase as your long term base, then it is not really that bad neither. They are two reputable exchanges and I highly doubt that anything would happen to your money there.

If you are using 2FA as well? Then it is probably as secure as your ledger as well. I am not saying that do not use hardware wallet, do use that if you can and it is the first option for sure. However, acting as if Coinbase would be a terrible choice never really made sense to me.
25  Bitcoin / Bitcoin Discussion / Re: Why are there no altcoins that can replace Bitcoin? on: April 01, 2022, 09:04:30 PM
Bitcoin is the best. Is decentralized (others are too), it's open source (the source have been review a million times) works (a bit slow), there is acceptance as money replacement, can order anywhere online, transfers are auto, etc.
Most of altcoins is centralized, not decentralized.
Not sure what does works a bit slow you mentioned above, the development is slow, but the transaction isn't. It's same as other altcoins, depends how much the fees you paid to miners.
Yeah, El Salvador was the one proof where Bitcoin got accepted as legal tender, other coins not yet or perhaps wouldn't.
The other you mentioned isn't only on Bitcoin alone, all altcoins do can transfer online and buy on anywhere.
This is like 90% of the problem with the crypto market right now. There are tons of people who do not realize the fact that we are in a period where altcoins are mainly centralized and have teams and founders that get your money and promises you that they will use that money to do wonders.

I hate that, money should not be paid to the owners for betterment of the project, if the project is good then it is good, if you want to make it better, some developer will offer a better solution and if the public likes it then they will go with it. Do we still use the legacy network of bitcoin? No we do not, we use segwit mostly, did satoshi created segwit? No he did not. That means there is no need for a creator to keep it going.
26  Other / Archival / Re: Bitcoin at $1 000 000 by 2030 on: April 01, 2022, 07:43:06 PM
This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.
27  Economy / Trading Discussion / Re: Occupational hazards of trading crypto on: April 01, 2022, 06:59:11 PM
Back problems anyone? Cheesy. I have been sitting in front of a PC for many hours a day for many years and it started to impact my weight a lot and my back a lot. That's a personal thing of course, there are many people who work in offices with many hours and little breaks and they do not have back problems because they work out and take care of themselves.

I psychologically felt that I was letting go a lot and started a work out in a gym a few months ago (around 3 or so I guess) and went there for like a month but then I gave up.

It is just too much time and effort to stop working, go to gym by walking, work out there, walk back, take a shower and get back to work. That took nearly 2 hours of my life and I really do not have 2 hours to spare for the time being. However, I will try to do a lot better at my work so that I would be able to go back to working out, I really need to.
28  Economy / Economics / Re: Government backed digital currency may lead in dystopian society on: April 01, 2022, 03:05:12 PM
As long as it is coming from the government that is full proof that the government would like to be in total control of the digital currencies. The reason why the government do not like Bitcoin and other truly decentralized cryptocurrencies is because there is no way that they can be able to regulate it or have control over it and also be able to monitor the transactions, where they are coming from and where they are going to.

So, they would like to create their own cryptocurrency or digital currency, which will be issued by the central banks and controlled by the state. That way they will be able to keep record of every transaction that the users are making with the digital currencies, and they will also be able to regulate it easily.
29  Bitcoin / Bitcoin Discussion / Re: How safe it is to invest in cryptocurrency on: April 01, 2022, 01:41:07 PM
It shouldn’t always be about what people thinks about cryptocurrency, it should be what you yourself thinks about it. I don’t really care about people’s opinion as long as I believe that something is right. Some people have a problem with seeing what is right, when they see something right they tend to condemn it and only choose what is wrong. This can be due to misunderstanding and lack of information.

If you truly understand cryptocurrency and you feel it is right for you to invest in it, then you don’t need anybody’s opinion on it. This is your own money that you are investing in the market and it it’s not other persons money, it is yours so you have the full right to do as it pleases you when it is your money.
30  Alternate cryptocurrencies / Altcoin Discussion / Re: Women and Cryptocurrency on: March 31, 2022, 10:10:06 PM
I'm sure women wouldn't dare to take bigger risks.
they definitely prefer a definite coin, such as bitcoin, ethereum, dogecoin, or a real good coin to invest in the future that they think is realistic.
Behind that, we are here really dare to try, really dare to take risks even though we lose a lot of assets when investing.
Even some women prefer simple methods, such as not studying many indicators or charts, and prefer to follow paid channels in trading.
This is what I am living in my life right now. I would like to invest into a bit more riskier things but my wife doesn't want me to do that. She barely accepted bitcoin because I have been involved for a long time and managed to survive for so long and made an income from it. So she started to accept that at the very least.

But, the fact that she doesn't want me to invest into riskier stuff is a proof that women do not really like to risk what they have. They would love it if they could just get rich, but we all know that is not how you get rich, nobody gets rich out of nowhere, you need to risk something. I do projects time to time, but usually fail, and that could be one of the reasons Cheesy. I wouldn't want to generalize women just based on my wife though, maybe not every women is like that.
31  Economy / Economics / Re: Is there a place in the world you could live like a king via sig campaigns? on: March 31, 2022, 09:18:16 PM
There is really none, and people forget that living like a king is relevant to where you are. If you think that you could "live like a king" in Zimbabwe or Venezuela, you are forgetting the main reason why they are poor, it is not just lack of money in the people, its lack of "stuff". Do you really think that you could go there, and buy a ps5 that easily? I mean even if you have the money for it? Or you could go there and have a luxury food? Order sushi from somewhere?

These are pretty regular normal stuff for an American. Forget about living like a king, just learn to live a decent and happy life in a great nation, that can be the real goal for a common man (at least in my born and brought up). You cannot be a mid income person in the USA or UK with just signature earning, that's for sure.
32  Economy / Speculation / Re: Bitcoin touched $43k, from $33k in two weeks on: March 31, 2022, 06:48:28 AM
There was a tiiiny bit of a "fall" at one point and everyone got scared of it. Looks like we are not doing that at all right now. It is once again above 47k and looks a lot more solid than the last time. Everyone is looking at it like a piece of meat and I believe everyone is hyped right now. This is both scary and good at the same time.

It is good because it means that everyone is looking to buy more and more, we have missed the times when people were looking at it like a great thing. But at the same time it means that we are going to have a crash soon, maybe not today, maybe not tomorrow but after every big increase, there is a crash and it is unknown when that will happen.
33  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin Fails ? on: March 30, 2022, 06:23:52 PM
Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.
Yes, that is a very good question. And we all know very well that the Internet is never going to fail, the Internet is always there and it is part of our advancement. In our world today all of us are relying on the Internet for several things. Assuming that the Internet should go down around the world for a day, trust me there are so many things that would be disrupted.

There are so many things that we do on a daily which requires the Internet and the last thing that you would ever want to see is the Internet going down for any reason.

And we all know for sure that that will never happen. And as for Bitcoin, we all know that it is never going to end. Even if the government will ban it, people are still going to continue making use of bitcoin because it is decentralized and there are platforms that support that.
34  Bitcoin / Bitcoin Discussion / Re: When and how did you discover Bitcoin? on: March 29, 2022, 07:25:05 PM
I don't remember exactly what year I was surfing the web to see if there was anything I could do online I happened to see an advertisement for an investment channel that makes daily profits. I later learned its name is HYIP, most HYIP sites accept deposits WebMoney, perfect money and accept bitcoin. My bitcoin journey started here, I started searching for the bitcoin keyword and later I also joined many bitcoin ponzi investment channels. And you know the result then...
This was the way my closest friend learned about cyrpto as well. It was a place he knew that was a fake and scam website, but he realized that they were doing legit few times then scam, legit few times and scam and that kept going in a random order.

So, he decided to enter it, bought some bitcoin from someone, put in 100 bucks, got out 300 bucks, next time he put 100 bucks again and made 220 bucks, next time he put 100 bucks again and it was gone. He did this a few more times and he ended it with about 350 bucks profit in total and 100 bucks of his initial investment so 450 bucks.

Rest was just his crypto history and he bought a car and a good computer (very expensive one with like 3090 and all that) from that 100 bucks, took him 5 years to do that though Cheesy. It's never quickly get rich story.
35  Economy / Trading Discussion / Re: Bear vs Bull : The Beauty Of Cryptocurrency on: March 28, 2022, 04:15:26 PM
In these moments of the market, I would not know how to say that it is more feasible, because in the face of a possible war one can clearly speak of a possible bearish movement, this due to the panic that it generates in investors, since they sell a lot to protect their money, but if Does a war occur with the characteristics they have for now? which is suffocating Russia by all means of traditional economy, leaving them out of the international banking system, this tells me that the closest thing to use is BTC and crypto, which tells me that there may be an increase in demand and pr lo both the price of BTC and crypto rise, so it is a very complicated scenario, at this time I would not know what is more likely to happen.
The market is usually hard to predict. You can't really tell when there's going to be a bull run or when there's going to be a bearish trend. There have been so many times when experts who predicts that there will be a bull run and when that time as they predicted reaches, it happens that there wouldn't be any bulls at all.

But, the best move you can make is to invest when the market is bearish just like it is right now. If you are to invest now you can then decide to wait for as long as it will take for the bulls to arrive. Some people would invest during a bearish trend and make plans to hold their bitcoin for as long as 5 years because they know that longer-term investments are usually worth it.

After the next halving we are aware that there would be a bull run, as for now we are not really sure about it because we have already seen a bull run and the market has also reached an all-time high price before being corrected.
36  Economy / Trading Discussion / Re: It seems that more people taking crypto trading as full time job on: March 28, 2022, 01:21:16 PM
it is a fact that many traders might not tell how much they've lost as they go through with trading. They're all happy about winning with their trades but when it comes to losing, it's another story that they don't want to tell. Do not just blindly look at those people that are telling that they don't need another resource to sustain their trading. Because many of them are not just traders but also entrepreneurs that are building their empires in other fields with their assets for another income-generating business.
Sure you do not just start cryptocurrency trading without having another reliable stable source of income. For someone to become a trader they need to have another source of income that they can rely on unless they would end up going broke, because at the start of your cryptocurrency trading you are likely to lose a lot of money while looking for a good strategy that you can be using

There are so many strategies in the market and when you are still starting you wouldn’t know which one is right for you except when you have tried out several of the strategies to find the one that works for you and in doing so you would also be encountering losses. So, it's not an easy thing for anyone to engage in not talk of having it as a full-time job.
37  Economy / Economics / Re: Rio de Janeiro To Allow Paying Taxes With Crypto Starting From 2023 on: March 27, 2022, 09:21:46 PM
It’s a really nice move. Allowing their citizens to pay their taxes by using cryptocurrencies such as Bitcoin is good and I believe it would make a lot of things more easier for people. Is usually good when the government allows people a choice like this, there should be several options  available for people to pick from.

And it’s good that the City of Rio de Janeiro has allowed its citizens to be able to make the decision for themselves and whether they will be able to make payments using crypto or using Fiat, whichever they would prefer, then they would use that.  This shows that their government is fully into cryptocurrency and would clear all doubts that most people would have about making use of cryptocurrency and encourage them to go for it.
38  Economy / Economics / Re: Sanction is the right option? on: March 27, 2022, 08:16:47 PM
Not the right thing but the only way to harm Russia and be forced to stop this war without escalating it in a global tension. Innocent Russians are harmed by this, yes, but if this is not done, Russia will just continue what its doing like it's just another Monday for them.

The West can always retaliate with bombs and nukes, but that doesn't really help does it? The world needs Russia for its oil and Russia needs buyers for its product, so why not bleed out Russia's options on where to sell first until they realize that they can't fund this invasion any further?
I think the only country that is allowed right now to transact for Russia is china and India?
Because, recently India have made a purchased of oil from Russia at a discounted rate but India have already warned by the U.S. That should be the last transaction that they will do but what about china?

They better stop this country too because Russia can continue to sell goods and they can have funds again that they can use for war purposes. The world needs Russia for its oil but why will they continue with the sanctions?

Anyway, there are still countries which we can get oil but their supply might not be as huge as on what Russia have.
39  Economy / Trading Discussion / Re: Scalpers and day traders - Never lie, be realistic. on: March 27, 2022, 09:08:20 AM
To this I will add that execution is key when it comes to any form of short term trading, if you are a positional trader or even a swing trader it makes no difference if you make your trade a few minutes late as you can still get profits even if there is an important delay between what happens in the markets and the implementation of your strategy.

However when it comes to short term trading you need to execute your strategy flawlessly and as fast as you possibly can, because if you do not then the chances you turn a profit drops considerably, something that most newbies cannot do consistently, which explains why they lose so much money when they try to trade this way.
Yeah, both of them are working strategies. Swing trading are for people who don’t have much time to be active in the market, so they are going a bit long term in their trading. But there is no type of strategy where you wouldn’t lose money, there is always the risks of losing money when you’re trading, not minding the type of strategy that you have chosen to make use of.

Swing traders can make big profits by the end of the day using this strategy at once, but for a scalp trader, they would have to do several trades successfully to make huge profit before the day is over, since they are taking small gains for each call they make. At the end, both strategies works pretty fine, just go with what suits you best and that’s it.
40  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this for real? on: March 27, 2022, 07:18:06 AM
If PoW algorithm is banned how will BTC thrive? Is that even possible to begin with because the only crypto project that will die PoW is BTC so why is EU securities regulator trying to place ban on PoW algorithm?
On technical level there is nothing stopping bitcoin from transitioning to POS or proof of stake. I think the problem is with miners, they wouldn’t like bitcoin to become a proof of stake cryptocurrency. They would still prefer it to remain proof of work as it has been and bitcoin is the first proof of work cryptocurrency that we had.

So, even if the EU should decide that they’re going to ban proof of work cryptocurrencies (bitcoin and every other proof-of-work cryptocurrencies) it is still not going to change anything at all as the chances of Bitcoin switching to proof-of-stake is none. That is how I see it.

This is one of the reasons why bitcoin adoption is taking so long, people that lived most of their youth without using computers are going to have a problem understanding the concept of bitcoin, however new generations understand immediately the concept of bitcoin and what it is trying to achieve.
Yes, it’s a big. In my country I’m really tired of seeing old people who are close to being on a death bed soon still contesting for presidential elections and other posts in government. It is really annoying, because what we need are fresh and young minds who can actually think up ideas that would move the country forward.

These old people are really not helping at all. I would be very happy if the age limit for contesting for any post in politics should he set at the least sixty years. That would be better than having old men of like eighty years being there lol. These people should all go and rest.
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