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2021  Other / Politics & Society / Re: Why do people withdraw their generosity during crisis? on: November 26, 2022, 03:02:56 PM
The world is changing and people are becoming scared of the the next man. No trust again and no one is ready to assist anyone..the show of love and unity is diminishing all over the world. Then how would people show genenoisty in Time of problem,when they can help or give assist when you're not in problem?

There is connection between religion and generosity, all religions teach us to help other human when they need it but nowadays people hardly have time to attend religious gathering  , this could be one of the reasons that people don't show generosity during the crisis  but I think people usually show generosity when they are left with something to give it to the people who are in crisis after meeting needs of their own family. The current economic crisis has made the life of common men so difficult that they hardly earn enough to meet basic needs. I am not talking about rich class of our society who are still making money and even during the covid-19 era they made huge earnings and I have witnessed , some of them do funding for charity organization who run free medical centers and supply foods to needy families.

2022  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins safe? on: November 26, 2022, 11:23:50 AM
For me now, stable coins are not useful. Why do we exchange BTC/altcoins into tokens like USDT/USDC/UST, or whatever, when they have no difference with fiat? I'd rather convert my coins directly to fiat.
Is it safe? No, because the 1:1 claim against the US dollar is just a unilateral claim. Actually, you have read about it in an article that you include.

Though stable coins relatively less risky as they are supposed to be backed by Fiat currencies, but we can't say that they are 100% safe in particular algorithmic coins like UST. We have seen in the recent past how billions of dollars were wiped out from market within days when UST peg was broken. One thing we need to keep in my mind that crypto highly rewarding but highly risky too so secure your investment/trade buy using all risk management tools.
2023  Economy / Speculation / Re: BTC is likely to head towards a price of $13,000 on: November 26, 2022, 08:39:47 AM
Bitcoin prices are always fluctuating and often unexpected, when we think the price will skyrocket but what happens is the price of drop, I still don't believe that the current Bitcoin price is $ 16K or drops more than 75% compared to ATH that had happened a year ago, but on the side Another this is a good opportunity to buy more, and the opportunity to drop under $ 13k certainly can also happen at any time.

It is true that Bitcoin always makes surprising moves and often plays out contrary to market expectation but such moves are often backed by some good or bad news or any big whale like Elon Mush makes huge  buying or selling. The volatility of crypto market is also an opportunity for smart traders to take buy/sell position at their targeted price and make good profit.
2024  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: November 26, 2022, 06:30:35 AM
Lowering the inflation rate and its impact will not fully rely on the central banks decisions. There has to be some tie with the economic factors like asking the OPEC to produce more supply of oil.

That's one of the biggest factor that they have to consider to lower the impact of the inflation. Because when oil increases, everything goes up and it's a major ingredient for an economy to fall and have more expensive goods and services due to high price of oil.

Indeed, it is a biggest factor behind skyrocketing of inflation all over the world but the price of crude oil are more or less stable around $80 which is good news but it should gradual come down to Pres-Ukraine level to see a meaningful impact on inflation. OPEC can play an important role by increasing supply but question arises why they will do it, they are making good profit in the current market situation.
2025  Economy / Speculation / Re: BTC is likely to head towards a price of $13,000 on: November 26, 2022, 01:39:24 AM
As long as you not sell your coins, you wouldn't suffer losses since it's still an unrealized loss. I think people who invest in Bitcoin didn't really care on the next year where there many rumor that economy will be in bad condition because they're looking for long term holding. Since Bitcoin's fundamental is really strong and Bitcoin has been declared "dead" for so many times, but in the end Bitcoin will comeback and recover. This make they're trust Bitcoin 100%, just accumulate every dip if you have idle money.

You said it right, no matter if Bitcoin hits 13k or even slips down below 10K, you don't need to worry ,if you don't sell it & continue holding it, but we are all human being & get upset  when we see our unrealized loss is growing in bear market. It is better not to watch trading screen daily if you are long term investor.

Though Bitcoin is currently trading above pivot point (16,563) on weekly chart, but trading volumes are low due to weekend, let's watch and wait how it plays out next week.
2026  Other / Archival / Re: Don't worry, bitcoin is cyclical on: November 25, 2022, 05:43:26 PM
Of course panic always haunts, especially among beginners who have just entered the world of crypto/bitcoin.
it's a natural thing among beginners, because many beginners start investing using borrowed money or hot money.
but for beginners it is true that this is the right time to invest, don't come when you go up and go when you go down.

that's right, friend, but sometimes it's very difficult to avoid panic when the price drops, as is happening now, the price of bitcoin drops very deeply, and lots of people panic, not even a few experienced people panic, but of course people's opinions are different different and of course have their own way to achieve success in investing in bitcoin. but if you look at the cycle it is easy and simple, but in reality it is very heavy. especially if the money invested is very large. of course there will be more panic. especially if the money from the loan, of course, the panic will be even worse.

It is difficult to control emotions when your hard-earned money is at stake. When market is making consecutive red candles, we often book losses fearing market will fall furthermore but market often recovers from its support. This is why it is important to use technical indicator to find support and resistance levels to make entry and exit levels. Though technical analysis is science of probability, not certainty, but it is a tool that often saves you from huge losses.
2027  Other / Politics & Society / Re: Post Oil Personal Transportation on: November 25, 2022, 03:29:46 PM
Let's say that a person uses three 5 gallon jugs for their potable water needs. Is there a public transportation option for them taking their water jugs on a bus? If the wait for a bus is typically 15 to 30 minutes. How does a person buy ice cream. Knowing that it could completely melt while they wait 30 minutes for a bus to arrive. Is there a public transportation option for paddle boards that are 9 feet in length. If a person's pet 400 lb pig was injured in a freak accident, could they rush it to a hospital or vet, using public transportation?

Thing is, people don't typically move huge jugs of water, 9-feet long objects, 400 lbs pigs and so on. And on rare occasions that you need to move something that can't be moved through public trasportation, you can ask a friend or hire someone with a truck. That's usually cheaper than having a car and not paying for its full potential most of the time.

If I had to take a 8 mile trip and had a choice between waiting for the bus. Or riding a bike. There are many times when I rode a bike instead. My main issue with walking is it takes too long. I have walked home from work many times in a 10+ mile trip. The only negative complaint I have is it consuming too much time. An hour and a half or more of walking is too time consuming. A bike or recumbent pedal powered vehicle which can cruise comfortably at 20 to 30 miles per hour greatly reduces travel time. The secondary concern would be cargo capacity. A trailer or cargo space which can comfortably store a good amount of items. while maintaining a good 20 to 30 mph would offer performance similar to a car or truck for short to mid range travels.

Yes, bikes and scooters work great for medium range trips, while walking is suited best for distances up to 2km.



Good idea. Walking for short distance trip is also good for health in the long term as well as it cuts down our medical bills. I prefer to walk to super market ( which is located at about 1 mile distance from my home) to buy grocery items of daily needs and never use any kind of transport.

I think in future recycling industry will boom and they will develop technology  to convert plastic and other waste material into low carbon fuel to use it for transport purpose.

2028  Alternate cryptocurrencies / Altcoin Discussion / Re: Who will win, FTX or BINANCE? on: November 25, 2022, 09:58:47 AM
I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.

I think there is no winner , all are losers. FTX collapsed and filed bankruptcy and Binance also got hurt barbecue investors are losing confidence in crypto & withdrawing their funds from central exchanges which is bad for the entire industry. Though damage given by FTX is temporarily but market may take months to recover & if any more such incident happens in coming weeks, it will again derail the market.
2029  Economy / Speculation / Re: What Will Be bottom Of BTC in 2022 Year ( Current Price= $16000 ) on: November 25, 2022, 03:38:44 AM
Sad to see the current price conditions, I lost money because the price continued to decline in 2022, and now the price is around $ 16k and it looks difficult prices to rise, moreover many issues say that big cases after FTX are queuing so that it will make a bigger shock .

It is possible that some more exchanges may face the same kind of crisis what LUNA & FTX did & Bitcoin may fall even below 10K but it is normal in financial world, fall of Enron Corporation in 2001 was biggest collapse in the history of stock market when share price came down from $90 to 0.26 but stock market survived. Crypto market will survive too & rise from ashes again.
2030  Other / Politics & Society / Re: Bad economic situation always create more crimes on: November 25, 2022, 01:12:21 AM
everyone wants to survive, and their ways are different. With the current economy, it's even more difficult. many people are determined to commit crimes just to meet their needs.

those whose lives are miserable must have reckless thoughts and in my opinion that's a natural thing. but crime is still crime.

while those whose lives are all there, why do they commit crimes? like corruption. they only want to care about their own life and really don't care about other people.

It is true that every creature on this earth planet wants to survive including human being that is why fight for survival is going on not only in forests but also in cities. As far as economic crisis is concerned it is all over the world but in developing counties it is in its worst form that is the reason crime rate is higher in those countries. Bad economy creates joblessness and when people don't have they will do everything they can including committing crimes to get food for their families. Rich countries spend Trillions of dollars on arms trade and fight wars (like the one going in Ukraine), if a fraction of that is spent to fight poverty, nobody will sleep hungry.
2031  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: November 24, 2022, 06:40:21 PM
Central banks will do their job as always, and inflation and recession will do their job, the price is paid by all of us who support politics and its actions in one way or another. What is important to know is that the consequences of the pandemic are still coming to fruition, and that the consequences of the war will only come to fruition in the years to come.

Although some perceive it as a war between Russia and Ukraine, it is much more than that, considering who is behind Ukraine and who is behind Russia - so it is actually a limited version of a world war in which everyone participates but in a limited area. How long it will last depends on whether at some point Russia will admit defeat and retreat to the positions before the aggression, or whether Ukraine will achieve a military victory with Western military and financial aid.

The world economy will recover, but it is only a question of when it will fall into some new problems again - because decades of poor management of resources and destruction of the environment will not bring us a peaceful and prosperous future.

I think the main reason behind inflation rise was printing of money in huge amounts during the covid-19 period. Every government did it to keep their economy running which was the right step in given situation at that time, but it caused huge increase in money in circulation. FED has taken the right step by increasing interest rate (many times during the year) to reduce money supply which is producing desired results. Ukraine war (which is a madness and should be stopped before it spreads to whole Europe) also contributed to the rise in price of food & energy because supply was disrupted. I am optimistic that inflation will gradually come down becuase food and energy prices are stabilizing now.
2032  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the bear market over? on: November 24, 2022, 02:32:55 PM
I think we are still in a crypto bear market and it looks like the bear market is still continuing at least until early next year. The impact of the current bear market in addition to the price of bitcoin dropping, almost all altcoin prices have experienced a very significant price decline. Therefore, it seems that the bear market is not over in the near future.

Next year the recovery phase starts as projects will still recovering in anticipation of the 2024 halving of Bitcoin reward. Many projects will start seeing good gains and Bitcoin too will benefit from this because it has been oversold. The bear market isn't over yet but the bull market isn't starting anytime soon. Bull market only comes after the halving year and that takes it to 2025 which means we have about 2 years before we enter a full bull market year.
During this period we have to accumulate as many coins as possible but be careful not to invest in project that won't recover with the market. These kind of projects are mainly the shitcoins or memecoin. These kind of project only survive on hype and when that's not around they die especially during the bear market as we're currently in.

We might see recovery in 2023 but most likely not in first quarter because currently market is crisis, it needs time to stabilize and build confidence of investors which has badly shattered by LUNA & FTX collapse. Though this week market has shown some resilience and trying to stabilize above 16K, but we don't see much trading volume which vindicates that investors believe that Bitcoin has yet to see its bottom.
2033  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: November 24, 2022, 10:05:09 AM
Inflation will normalize if the currency hasn't completely collapsed as long as there isn't an increase in spending or money supply. You'll just have to pay higher prices for goods than you did in the past. Central banks will be successful but that isn't really the point. The point is that there's a systematic process by the banks and government to keep inflation at 1-2% yearly in order to promote currency usage and there isn't even a guarantee that the banks can hit this target. If the government decides to print more money, it's their prerogative without advisory from the citizens.

Citizens get their purchasing power reduced, and there isn't anything they can do about it even after inflation is stabilized.

Yes: Currency devaluation is worse than inflation like it happened many developing countries after Ukraine war broke out and price of food & crude oil skyrocketed due to disruption in supply chain. The worst hit country was Srilanka where foreign exchanged reserves were totally diminished and no dollars were left in their central bank to pay their import bills. The Ukraine war is the mother of all economics crisis, it should come to an end now.
2034  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: November 24, 2022, 04:55:18 AM
I think such an increase in interest rates will help control inflation. Surely such financial institutions have to be careful if they raise interest rates too high because even those with money can't just sit idly by as they watch their investments, especially in the stock market, slowly being drained away.

We do need a global economic recovery. Most countries are in debt, and their economies have been brought to their knees. Major developed countries must implement policies that stimulate domestic demand to attract these economies back. I don't think war should be anyone's first choice; it's expensive, dangerous, and ultimately ineffective at solving problems.

War and pandemics are indeed factors of great concern that must be considered. It will be difficult to predict inflation if things get worse in the future.

Well, they probably have some serious thoughts to do, though. My view is that the central bank wants to see price stability. They will use any tool at their disposal to achieve that goal. But what happens when their actions help create a massive asset bubble instead?

The world of finance is very fragile, its main enemy is rush money caused by panic. We can all just wait and see what happens next.

You said it right, the CPI is already coming down which reflects that interest rate increase is working. Beside interest rates increase governments should also increase sale/purchase of government securities through open market operations to further reduce money supply but if cost push factors are the cause rise in inflation then money tightening policy will not produce targeted results.
2035  Other / Archival / Re: Don't worry, bitcoin is cyclical on: November 24, 2022, 01:40:27 AM
I think day traders hardly make any profit in bear market, usually they lose more than what they gain but they do make good profit in bull market with some basic knowledge/skills of technical indicators those are helpful to make right decision of entry and exit. when Bitcoin journey is upwards, and volatility is not so high as are witnessing now.

Day traders generally make little profit, as they are engaged in the most complex and exhausting type of trading. In bull markets, everyone makes money, because money is coming into the market from all sides, the market is bathed in liquidity. After that, many begin to believe in themselves, they think that now they have become real traders and are ready to conquer the entire market. The trend changes, the market changes, and all the greatness of such traders crumbles in an instant.

If we are talking about spot trading, then during the periods of the bear cycle and the crypto winter it is really difficult to make money on day trading, but if we are talking about derivatives trading, then there is room for maneuver.

You are right, traders of derivative markets do make money even during the crypto winter season but only professionals who have good emotional control and well skilled in using technical charts as well as risk/money management tools. In future & margin trading, only one spike in Bitcoin price can completely wipe out the account if it is not well secured.
2036  Other / Archival / Re: Don't worry, bitcoin is cyclical on: November 23, 2022, 05:46:56 PM
To the second bolded, better to buy whenever there are significant corrections. And don't buy what you can't afford to risk so you don't panic when things arent going your way. Too much risk makes people panic when things are going according to plan.

Basically, short-term investors who are counting on a quick profit by investing in bitcoin, or market tourists who have no investment strategy at all and evaluate the market situation only within the current day, without having a long-term view, panic. Those who invest in bitcoin for years, or even a decade, will never panic. If I know that I bought bitcoin at $15,600 and will sell it only after 5 years (for example), then it doesn’t matter to me at all what pumps and dumps are happening on the market. Let traders worry about this, investors do not pay attention to this.

I think day traders hardly make any profit in bear market, usually they lose more than what they gain but they do make good profit in bull market with some basic knowledge/skills of technical indicators those are helpful to make right decision of entry and exit. when Bitcoin journey is upwards, and volatility is not so high as are witnessing now. In my opinion, the best strategy to make money in Bitcoin market is to buy when everybody is selling and sell when everybody is buying.
2037  Other / Politics & Society / Re: Post Oil Personal Transportation on: November 23, 2022, 02:22:54 PM
Shifting to green energy/transport is not only important because one day we will run out of oil but also to keep environment pollution free and healthy for our incoming generations. It is true that battery operated cars are very expensive which is not easy to afford but we can use hybrid car which is very helpful to reduce fuel consumption. I also use Hybrid car which has reasonably cut down my fuel bill.
2038  Other / Politics & Society / Re: What is the world turning into?? on: November 23, 2022, 10:28:39 AM
Of late, so many things(terrible things)has been happening in the world, people dying like Mosquitoes,now everybody wants to be involved in fraudulent acts, teenagers of 17,18,19 doing ritual.... Are these all signs of end time??
God help us.

It is true that it has become difficult to live in this world, air is polluted by excessive use of fossil material which creates health issues, crime rate is rising due to joblessness, rich people are becoming richer & poor are getting poorer due to unfair distribution of wealth. Big countries want to occupy small ones like what is going on in Ukraine & if this war spreads to other countries and nuclear war breaks out then it will be end of Tine because world is sitting on huge pile of nuclear arsenal., if 5% of it is used then earth will turn into great graveyard. May God help us to survive in such difficult in such difficult living conditions.
2039  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in seed rounds on: November 23, 2022, 06:33:31 AM
Do you think that launchpad platforms and projects will return soon? We are already in a bear market and very soon new projects will start using launchpads again, I am looking into seedify at the moment but I want to ask the audience, do you think this is a good idea or it's over for IDO, IGO and other?

The current market situation is not conducive for return of IDO, or IGO in the near future but it may return once confidence of market participants is restored & market starts recovering. If you are maintaining account in Binance exchange, then you can participate in new projects by staking BNB coins and in return you get newly listed coins. Recently I had participated in HFT project by staking my BNB coins and I daily get reward of HFT token.
2040  Other / Archival / Re: Don't worry, bitcoin is cyclical on: November 23, 2022, 01:23:11 AM
Your Statements are based on Speculation.

My statements are based on the historical chart of bitcoin and its cycles, your statements are not based on anything, they are built on some general phrases that can be glued to any asset.

Just because btc recovered in prior cycles is no guarantee it happens again.

You will tell it when this formation stops working (and it continues to work to this day). Back in September 2021, I wrote that the next year would most likely be bearish and there would be no continuation of the bullrun. And I, as arguments, were given the same arguments that what happened before does not guarantee that it will happen again. As a result, 14 months have passed and 2022 turned out to be 100% bearish, which confirmed my predictions that the Bitcoin market is cyclical.


Given the cyclical nature of Bitcoin, should we expect that current bear run is not going to end anytime soon and may even continue in 2023 but what will be the likely scenario if crude oil price starts coming down (which is a major economic input & its price is stable around$80 since more than a month) and consequently business activity picks up. I think if it happens then current bear run will end & Bitcoin will enter in stabilization phase.  
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