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2021  Economy / Economics / Re: "BTC not a currency per se but can be an alternative asset" China on: May 12, 2021, 12:04:09 AM
Lol funny how they can't even decide anything even after years. Do they even know what crypto currencies are? I thought they were cracking down everything related to crypto currencies. Banning exchanges, destroying mining farms and making crypto currencies illegal. And then they went on making their own blockchain powered centralized currency. What happened to that? Funny to see them now with a different tone. I wonder if all these were just staged to see how the market reacts.
2022  Economy / Trading Discussion / Re: Bitcoin is not made to apply taxes on it - BTC economic model is different on: May 11, 2021, 08:32:46 PM
That is something really stupid, you know that right? Where is it written that you are not allowed to tax bitcoin? Do you make the rules? Nope. The government will tax bitcoin. Taxes are one of their main revenue. If bitcoin isn't taxed, everyone is going to jump into bitcoin and no one would be paying any taxes. No matter how much you hate taxes, taxes are important to keep a country developed! Stop paying taxes and stop enjoying a safe environment with proper infrastructure and environment.
2023  Economy / Trading Discussion / Re: HOLDING VS TAKING PROFITS DURING BULL RUN on: May 10, 2021, 11:19:40 PM
The best way to decide is by setting a profit goal. This way you don't have to worry about holding or taking profit. When your goal is reached, you can take your profit. During bull run, if you aren't satisfied by the profit you will get, then keep holding. If you think you can't hold anymore, then just take whatever profit you get. Just don't sell at loss (unless you really need the money. But then again, you should remember, invest what you can afford to lose).
Or like you said, to minimize risk, you can always take some profit and hold the rest. When the price dips, buy more with those profit.
2024  Alternate cryptocurrencies / Altcoin Discussion / Re: it's hard to sleep because of thinking about something on: May 10, 2021, 08:37:29 PM
Worried about missing out on valuable moments to profit from short-term trades in easily-pumped altcoins.
Many people say short-term trading is too time-consuming, and it turns out to be true
How to deal with a situation like this, can you guys give me suggestions and input?
You just have to learn how to "not" think about it every second. What you are talking about here is people are "fearing of missing out" (FOMO). They get very anxious. Those feelings are not good. Those who invest because of FOMO, ends up regretting. The results are never good. They start to think that they are missing out when the price has already went up. They already missed out, yet they invest hoping they still have time to make some quick profit.
If you are losing your sleep over trading, then you are not ready and fit to trade. Maybe start with low capital so you don't worry too much about losing?
2025  Economy / Trading Discussion / Re: How much can you predict this sh*t?! Or is it pure gamble? on: May 10, 2021, 06:06:19 PM
From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
Trading is not completely gambling. You can control your outcomes. When gambling, you don't know what the results are going to be. There are no data, nothing that can help you predict what's going to happen next. But in case of trading, you have some control over the outcomes. There are indicators that allows you to know what might happen next. If an event takes place that might negatively affect the crypto market, we know what's going to happen. Again, when an event takes place which favors the crypto market, we also then know what's going to happen, right? And then there are those people that just gets lucky haha (look at doge. Anyone who owned large amount of doge at the beginning of the year is already drowning in profits).
2026  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH sheep, buy now? on: May 08, 2021, 03:34:32 PM
Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?
You know it is almost too late to invest when everyone talks about it. If you are willing to invest for long term (like 2 or 3 years), then ETH is a really good option. Go for it. And I think you still have some time to invest and make some quick small profit. People still thinks Ether is undervalued. During this bullish season, the price might even go above $5,000 USD. Who knows. If you can afford, I would say do it. When the price drops, just don't sell. Keep holding.
2027  Bitcoin / Bitcoin Discussion / Re: Safe with bitcoin? on: May 08, 2021, 03:29:50 PM
I doubt any thing has changed during this pandemic. It's not like all merchants are now accepting bitcoin or anything. It is still the same as pre pandemic. Those who are hesitating to use cash money, they are using cashless system such as their credit cards or other payment system. Shops aren't ready to accept bitcoin. Look at the transaction fee and the network traffic for the last few months.
In this pandemic period, many people have met Bitcoin and started using it. And it's really great for Bitcoin to be adopted even faster than ever. More people are making investments into it and using it while buying something also. And like you indicated, it's much safer compared to fiat.
Not really. Care to explain how is it "much safer compared to fiat"? Would love to hear your opinion on this.
2028  Economy / Trading Discussion / Re: Investing Urge or Trading Surge on: May 08, 2021, 03:12:11 PM
If you are very confident about the project and willing to hold it long term, then go ahead, invest all. You would be risking everything. Either its going to change your life or you are going to drown in regrets (and financial problems).
But if you have doubts, then instead of investing everything on that "potential" project that you found, how about spreading your investment? Invest like 50% on the project and trade/invest rest in bitcoin and other well known altcoins. At least you won't be risking everything.
2029  Bitcoin / Bitcoin Discussion / Re: how many more years our bitcoins will be save from quantum supercomputer on: May 07, 2021, 11:31:21 PM
Your number is pretty low, in 5 years, I am pretty sure that it won't even be publicly available because it will be expensive and it will only be used for academic, scientific and military purposes. Plus, bitcoin's code and security is quite impervious so I don't think that quantum computer is going to be able to make a dent against it and if we ever come to a point where a vulnerability is discovered, they would probably do a hotfix.
It's not something that you should be very concerned about right now. It's going to take maybe another decade or so before we actually get a perfect quantum computer that will be accessible to all. Though yeah, we should be a little concerned. But I am pretty much sure we all will come up with something that will help us to mitigate the threat.
Your number is pretty low, in 5 years, I am pretty sure that it won't even be publicly available because it will be expensive and it will only be used for academic, scientific and military purposes. Plus, bitcoin's code and security is quite impervious so I don't think that quantum computer is going to be able to make a dent against it and if we ever come to a point where a vulnerability is discovered, they would probably do a hotfix.
Even though it won't be publicly available, lets say IBM or some others that are working on super computers decides to break the bitcoin system, it's going to be a huge chaos.
And I don't think we should underestimate and say thing like "it won't be able to make a dent". It may. Even its existence might make a dent.
2030  Economy / Trading Discussion / Re: holding is not an easy thing on: May 07, 2021, 08:59:35 PM
alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.
It is actually easy if you know what you are doing and have proper knowledge about the market. You buy, store it somewhere safe, forget about it for years and then after few years have a look at it. It shouldn't matter if the price falls when you are holding, after all you invested what you could afford to lose right? If you couldn't bear the loss, why would you even invest in the first place? Moreover, keep this in mind. You don't sell, you don't make any loss.
2031  Economy / Trading Discussion / Re: Reversal Psychology ! on: May 07, 2021, 08:18:43 PM
It's not like reversal psychology or anything. The price rise and drop is a very normal thing that happens everyday. It's just when people invest, they start to get a little paranoid when they see a small drop in the price. They tend to think its going to drop even further and then starts to hesitate. Then you know what happens next. They panic sell everything at a loss. After a price drops a little and starts to increase, they start to regret what they did and buys at the higher price. The cycle keeps on continuing. And this is one of the main reason why someone should understand how the market works and be prepared for those rise and fall of the price.
Others that are saying people should keep their emotions aside - that's actually impossible. You are a human with emotions. You can't just get rid of emotions.
2032  Alternate cryptocurrencies / Altcoin Discussion / Re: Musk is going to hurt the Crypto Industry, sign this petition on: May 07, 2021, 07:44:40 PM
Musk is really going to make this Doge bubble pop at some point and its going to hurt the industry, I started a petition to basically ask him to stop swaying the market.
Check it out and sign and share everyone.

Let me know if I should make some changes to it too, I can go back and edit it.

https://www.change.org/MuskPetition

Musk isn't forcing anyone to invest in dogecoin. I am sure people aren't dumb. They know what's going on, yet they still have decided to invest in doge to make some quick profit. Most of them knows it might end badly, yet they are still holding it. They are risking deliberately. So why blame Elon for it?
Are you going to open a petition every time someone trolls or shills for a coin? What about the news portals and media some spreading false and misleading facts? Why don't you go against them? They are the one that's truly going to hurt the crypto industry.
2033  Alternate cryptocurrencies / Altcoin Discussion / Re: Money flowing out of BTC into Altcoins on: May 07, 2021, 04:42:56 PM
I'm just wondering whether BTC has hit it's peak for this cycle.  It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied.  From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began.  I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
It's good that the price of bitcoin is right now kind of between (52k - 60k) instead of going crazy. As for altcoins, people are jumping into it for making some quick profit. It happens all the time. Most people are trading their bitcoin for altcoin (hence we are seeing the price of bitcoin jumping up and down) right now. Once this "trend" is over, everyone is going to take their profit by dumping their altcoins and then go back to bitcoin.
And no. Don't do it now. It's already too late (i guess? But you never know). Look at the price now. Don't liquidate your bitcoin and join altcoins. You might regret.
2034  Bitcoin / Bitcoin Discussion / Re: What is the Reason BTC must be so slow? on: May 07, 2021, 11:38:16 AM
What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!
Those coins that you are talking about are centralized and controlled by some people. BNB and XRP to be exact. They can change anything they want according to their own will. I have also heard that USDT is somewhat centralized and your wallet can be frozen.
BTC is completely decentralized. Slow confirmation and high fee mainly happens due to network being underload. By underload I mean high traffic. Block size r limited, hence the miners can't put in all transactions in one block. If you want to get your transaction included in the block, you will have to prioritize it by paying high fee. Now if you want to change the block size, you will have to change the protocol. Since it is decentralized just one person can't change it. A greater portion of people must agree to the change for this to happen.
2035  Economy / Gambling discussion / Re: An obvious rigging of Sports. on: May 07, 2021, 11:28:53 AM
Lmao, the gameplay was so obvious that they were doing this on purpose. Even having an off night wouldn't make your play look like some kids that just started playing basketball. I think there was actually some fishy business involved (and like being something related to sports betting) and they were getting paid really good for rigging the game. The officials did perfectly notice it. Lol, they should have done better and not be very obvious.
And this isn't something new. Riggings happen and has been happening forever. Money can make anyone do anything.
2036  Economy / Trading Discussion / Re: You could die from trading. on: May 06, 2021, 09:44:43 PM
As a trader, there is a lot of ups and downs in the market, you could loose all your capital in less than a minute with just a very little analytical mistake. The importance of living healthy cannot be overstated to reduce especially the risk of stroke, hypertension or a heart attack which are all long term effect of the accumulated stress gathered from constantly monitoring the market charts, sitting for long hours and increased palpitations and heightened blood flow, which are all situations that full time traders experience.

Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.



Death is inevitable. You can't predict when you will die or why. And yeah, you can die from trading too. But that's very rare. Unless you have any underlying health problems, you won't die from trading. If you can't handle stress or have issues such as weak heart, anxiety disorder or on the spectrum, then you shouldn't trade. It's going to affect you very badly. Those might even lead to taking very poor decisions. And don't forget about those instant emotional flips. People have killed themselves before because they couldn't handle their loss. So yeah, taking proper mental and physical care is very important before you start trading.
2037  Economy / Gambling / Re: Very immoral marketing strategy. on: May 06, 2021, 09:28:39 PM
Are you talking about those streamers that stream their gambling session? All of them are paid by the casinos. The money they receive for playing goes back into the casino. As far as I know, the streamers aren't allowed to withdraw anything. Hence, they don't care at all if they win or lose. For them it's nothing. So they make crazy bets without even thinking twice since they aren't risking anything. All they have to do is play and when they win, scream so they can attract/tempt people who are watching to gamble. A very perfect marketing strategy where only fools would think this all are real!
2038  Other / Archival / Re: Why Live Blackjack? on: May 06, 2021, 09:01:28 PM
I have a roobet account and i was looking for blackjack, and i only found real live tables, why do they use this and not use blackjack which depends on provably fair? Isn't that more economical for them than paying dealers' salaries and location or service entirely? Have not we yet progressed to not using this old stuff Roll Eyes ?
Like what others said. People probably prefer live blackjack because they believe it's more fair and the casino cannot cheat (though I have heard casinos sometimes uses underhanded tactic to cheat their clients). Thus they find live blackjacks more reliable. But a legit online casino with computerized/programmed blackjack will never cheat and users can usually verify all their bets easily. Again, some people enjoy interacting with the host and other people when gambling. So maybe social interaction is why people prefer live blackjack?
2039  Other / Beginners & Help / Re: Bitcoin help on: May 06, 2021, 08:47:06 PM
I have a question about buying and transfering Bitcoin to others. I bought about 2k of Bitcoin from coinbase and sent it my cousin in Singapore. They weren't able to spend the Bitcoin from a local exchange bc they said the Bitcoin was banned or deemed illegal. I was wondering how often does this happen, how do you know if your Bitcoin is bad when you buy it.

Thanks for any help.
If the country you send bitcoin to has made bitcoin and crypto currencies illegal, it will be hard for them to convert it to fiat cash since the exchange will not allow them to make deposit and sell. They can do p2p trades like bitcoin for cash money or bank/e-transfer (I doubt the banks will ask question for such small amount of coins), but should keep in mind that they are breaking the rules. Why don't you just sell the coins in your country and send them cash? Easier for everyone. No one will be breaking the law.
2040  Bitcoin / Bitcoin Discussion / Re: My feelings after 11 years with crypto. on: May 06, 2021, 12:16:21 PM
You better move on. Nothing to regret or feel blue. You had to sell it back then because you needed money. You did the right thing. Or else you probably would have lost your wife. Good thing you didn't borrow money from someone. You probably wouldn't be able to repay the person in time. Or loan interests might have made your life miserable.
Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...
I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.
It's not still too late. You still have your chance. Invest as much as you can. Invest what you can afford. Keep holding long term and I am sure you will make really good profit!
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