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2061  Bitcoin / Bitcoin Discussion / Re: Tesla buys 1.5 BILLION worth Bitcoins !! Good or Bad ? on: February 12, 2021, 06:15:02 PM
Certainly a good thing for all of crypto adopters; seriously, when he started hyping cryptocurrencies like Dogecoin and Bitcoin I was suspecting he’s up to something and then later he said he only owns very small amount of Bitcoin that a friend sent him years back, and I think he said 0.25 BTC or so, and he also said that he doesn’t own any Dogecoin but he keeps on hyping this particular coin lol.

Isn’t it possible that he secretly owns some of these coins but don’t want to open up about it and have decide to keep it a secret? I mean apart from this $1.5 billion that his company invested, a personal investment I mean.
2062  Alternate cryptocurrencies / Speculation (Altcoins) / Re: UNI coin is the next BNB. ? on: February 12, 2021, 10:03:49 AM
Possibility to happened is very high, if DeFi project disappear this coin will also go along the way, though in case
success like what happened to BNB.

That may conclude the future of this project, UNI still showing good market movement, there are still investors
who are keep trying to invest with DeFi projects.
It is about the hype and it is about what people want as well. Uniswap may not get more attention in the future if ETH gas fee keeps going higher and higher, why would it go higher in the end, if the whole situation is paying 30+ dollars for transactions and 70+ dollars for swapping coins, that means we are talking about too much money to make uniswap viable, people will try to not use it this much and find a way to get rid of it as much as they can.

So, if there is a way that it could get under 1 dollar to move money around, uniswap will be used a lot and uni token will be awesome as well and we are going to see the biggest exchange in the world becoming a DEX one, but as long as it is this expensive, there is no way people end up paying 75 dollars for one network fee to swap things around, that just doesn't make sense and only rich do it which makes it not become the biggest, just whales place.
2063  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BNB reached $100 on: February 12, 2021, 09:14:45 AM
Binance for the win

Certainly one of the best centralized exchanges of all time

BNB at $100 is not the limit, it will continue to grow !
As the luckiest investor in the world I invested my money into something else the day before bnb increased over 120 dollars. I was holding it until 25 dollars so I am not too fussed about it, I had 160 bucks profit by the end and missed out on some more, but I am still happy about it. Plus the thing I moved my money for made some profits for me as well, nothing huge but it did made a bit of profit for me, hence I am quite happy about it.

But, it is always frustrating to wait for the price to go up and the day before the price skyrockets you take your money out, I did a riskier investment to make this kind of return but if I just kept it at bnb I would have made the money back anyway. Hopefully this increase continues, I really like BNB and it is one of my favorite coins, I want to see it succeed a lot more, I want it to be like ETH and break over 1k+ price.
2064  Economy / Trading Discussion / Re: Should I sell or hold on my bitcoin? on: February 12, 2021, 06:53:12 AM
I have a friend who does daily trading and he buys and sells almost at any price, doesn't mean that he doesn't think bitcoin won't reach 100k, he just believes that instead of buying and waiting for it to go up, he might as well buy/sell everyday constantly and make even more money than someone who just buys and sells. Sometimes they make more money that way and sometimes they make less money that way, it doesn't really matter because they are not selling it with the hopes that price would go down.
If you do not have a plan to invest into something else or have any reason to spend that money, I think you should hold it in bitcoin, in fact you should probably build a portfolio and not just bitcoin only. I personally believe that bitcoin is great and I will not get out of crypto unless I have a better idea, but the reality is that if I could get out and find something much better to invest into, I would probably do that.

I have a business idea in my mind that I want to build, but I want to have at least 2 years of salary in my pocket, so that when I start, I will be capable of paying everything (even unexpected costs) for the business and also have 2 years of salary in my pocket to start, if I do that, after 2 years if the idea failed I would still go back to working. I won't quit before that, and I think this will take another 10 years at least.
2065  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Cake Coin good for Passive Income? on: February 11, 2021, 07:18:07 AM
Cake coin is very popular nowadays  on all social Media channels for generating passive income. Its price has increased many folds during the past one month because it is in high demand, as individual  investors have shown great interest in this coin for staking their funds and harvest good returns on weekly basis.

Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
It seems to be good, but at the same time it’s still a new project , how far are they ready to take it?
That’s if they are not going to end up doing some stupid things that most new projects do these days.

I used to think that when a project doesn’t have an anonymous team they wouldn’t disappoint, but that was wrong because I have seen most of them and their team are not anonymous, but they still ended up doing something very bad to their investors, although some of them do get punished by the government, but the thing is whether you as an investor is going to get your money back, which is a No. There are so many Defi these days and they are mostly the same thing, lending and borrowing.
2066  Economy / Economics / Re: Miami Mayor Will Allow Employee salaries in Bitcoin on: February 11, 2021, 06:38:04 AM
Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.
That’s good, employees should be giving an option to choose between fiat and cryptocurrency, which they would like to receive their payment with and also what percentage they would like to have paid with either option.

I worked for a company that was doing just that, paying employees through Bitcoin, my salary then was $600 and I was receiving all of them every month through Bitcoin, that helped me to be able to have some bitcoins easily as I was converting part of it and leaving the rest in my wallet and when prices go up I would usually make more money from the assets I have stored in my wallets. And it teaches how to invest, cause most of the employees in companies that will choose to be doing this would not have experience of what investment looks like, if they are giving this option they will like to try it out.
2067  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 10, 2021, 08:17:50 AM
I was laughing at the market when I first saw what's going on and later I tried to read the situation and what happened was quite amazing and something we must know.

I will try and explain what exactly happened for those who aren't sure what happened and why it happened. Its called as "Short Squeeze" and basically what it means is that you over sell an asset as you might know we can borrow an asset and sell it, expecting the value to drop in the coming time and repay.

Example: You borrow BTC at 40k expecting it to drop in coming days so you sold BTC at 40k now and buy again later when price is lets say 35k and earned 5k for free.

Now what happened is that some guys realized that the market has sold too many shares of the GameStop and they decided to just hold the share. Now since the people who borrowed and sold the gamestop token had to repay the borrowed amount which is where the story gets spicy. There was a sudden demand of the shares in the market and guys holding decided not to sell it. This pumped the value of the shares beyond expectations.

What I learned from this is that, keep an eye on the market and such things can occur in the crypto market too and all we need to do is keep an eye what's happening.
2068  Economy / Speculation / Re: FUDS are big Confirmations that were in a Bull Market!!!!!! on: February 09, 2021, 07:03:42 PM
There is no FUD at all, in fact all I see is FOMO right now, everyone talks about how we are going to be 50k+ and even 100k+ at this point, that is something I really enjoy and that is how the bitcoin (and all other alts as well) should be if you ask me. If we are going up, we should say we are going to go up even more, if we say it is going to go down, then we should say it is going to recover and go up, no matter whats going on in the crypto world, we should always say we are going to go up, that is how the bitcoin world should run in order to have constant hype about it.

Look at Tesla, there is some crazy rich dude and he just decided to buy bitcoins and he ended up doing 1.5+ billion dollars worth of it, all because he just wanted it, why not act like him and focus on FOMOing bitcoin as much as you can in as many places as you can because we really need that to keep this run going.
2069  Alternate cryptocurrencies / Altcoin Discussion / Re: Real fact behind crypto ban in Nigeria on: February 09, 2021, 04:11:47 PM
Finally CBN gives the main reason why they put ban on crypto in Nigeria, the fact is there are many bad eggs among the good eggs, online romance scammers are now using bitcoin as their benefactor to cashing out money easily with no traces, read news here

https://www.arise.tv/how-fbi-alerted-nigerias-central-bank-to-scammers-using-cryptocurrencies-to-defraud-the-west/

The question is are white people so stupid that they will keep sending money to people they've never meet in real life? Honestly all this defrauding through romance and other ways have been going on since past years now, I expected all this to have come to an halt, the problem isn't even the scammers but people who allowed themselves to be used
This is still very bad, they shouldn’t have banned it because it’s not everyone there in Nigeria that are using it for scamming people. What they should have done is to look for ways that they can track down the bad eggs and make them face their punishment , instead of banning Bitcoin. I know people in Nigeria who have taken out their time to learn everything there is to learn about Bitcoin and cryptocurrency trading, and that has been their source of income for years.

This government banning cryptocurrency is totally wrong, it means so many of the people there are losing their sources of income, some exchanges that has spent money to establish their businesses there will also be losing it.
2070  Alternate cryptocurrencies / Altcoin Discussion / Re: Windows wallet or regular wallet? on: February 09, 2021, 03:25:39 PM
regular wallets for example such as Etherscan and Windows wallets,which do you think is the most secure for each campaign you participate in?
let's share a little because every Windows wallet I have ever participated in always fails to be exchanged or sold when the token is on the market exchange..
All of them has their own pros and cons you just have to look at them and weigh them to know which ones you will be able to handle. Though the problems with the web wallets (I guess that’s what you mean by the windows lol)is that you can be affected if the website happens to get attacked by the hackers online and you will lose your money.

But, as for desktop wallets the coins are stored in your computer with the keys and you have control over it. Maybe desktop wallet will make a good choice for you, or depending on what you want to do with it exactly you can decide to use the both of them, and make sure to use the best web wallet.
2071  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Cardano (ADA) coin hit $10 During 2021? on: February 08, 2021, 06:46:37 PM
Cardano is an open-source and decentralized blockchain project created to facilitate peer-to-peer transactions. It has a layered architecture that facilitates smart contracts, enabling a platform that is both adaptive and scalable without having to compromise security.
Cardano began in2015 by project leader Charles Hoskinson, co-founder of Ethereum and BitShares, who left Ethereum after an argument about keeping the project non-profit.

Cardano is again being discussed on all Social Media channels  since it attained Rank # 6 on coinmarketcap. It is likely to replace XRP in coming months. It has received  lot of attention nowadays as kind of Technological development taking place in its  blockchain  and growing number of users , we can predict with confidence  that it will perform extremely well in 2021.
It is crazy that we have seen Cardano at 63 cents already, that is really huge, it is really not something I was expecting Ada to do, they are 4th in the crypto ranking right now, just this summer it was under 15 cents, and now it is over 60 cents, that is 4x return in just 6 months or so, that is something marvelous, sure ETH did more and there are few others, but this was already a huge coin so it became even bigger like ETH did and that is why I think ADA will definitely be bigger in the future.

Moreover 10 dollar is just a troll request and it doesn't make sense at all, why would it be 10 dollars anytime soon, I think that is impossible for the next year, but I think over 1 dollars will happen very quickly and I think 2.5 dollars or so is the goal here, there is definitely a chance of ADA reaching 1 dollar until summer or during summer, and being 2-2.5 dollars by the end of the year.
2072  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is ETH overpriced? on: February 08, 2021, 05:56:17 PM
Ethereum's native token (ETH) is on a constant uptrend in price as Bitcoin soars towards new ATHs. The "De-Fi" hype has been the major driving factor for ETH's recent price boost. High network load and high market prices, translates in ridiculously high fees to the end user making "De-Fi" impractical on the Ethereum blockchain. Yet, people continue to buy and "hodl" ETH like there's no tomorrow.

What I can't understand is how ETH has a high price when there's no hard cap established by the developers yet. ETH has an inflationary model where new coins are generated over time. It never hits the ceiling in terms of max supply. This should make ETH less valuable over time. But that's not the case, as ETH sits well above $600 per coin. Am I missing something here? Why is ETH much more expensive than Litecoin? I mean, Litecoin has a deflationary model (unlike Ethereum) with a hard cap of 84 million coins. If we base ourselves on this, Litecoin should've been worth a lot more than Ethereum today.
In order to explain why there is no real "cap" on how high ethereum can get, let me show you a great example totally related to this topic. When this topic was created ethereum was under 800 dollars, it was around 770 dollars and that was basically deemed too high for etheruem, considering the high fee's it should not go any higher without fixing that problem first. Now the price of ethereum is actually 1700 dollars, and the transaction fees were above 20 dollars just a day or two ago, and it is seriously very expensive to this day.

This shows you that ethereum doesn't really have a cap, it is unlimited at this point, sure it could not be 1 million dollars per ethereum, but if you think "it is going down NOW" all the time and it keeps going up one by one, that means you are constantly wrong, it may not skyrocket to 10k+ soon but it will keep going to 1800 to 1900 to 2000 and so forth over time.
2073  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Time For Alt Coins.. on: February 08, 2021, 09:04:28 AM
Once the bitcoin reaches 70% dominance, I think its a right time to invest in alt coins. Most of the alt coins are at bottom price now. I feel it's a great opportunity to invest in alt coins..

Are we Going to see Bull Run in Q1 2021? Is it a right time to invest in Alt Coins? What is your opinion on this?
I would say that picking a good altcoin that is both not some new and unsure risky thing but also not really known enough to be already priced high is the most dangerous and profitable thing we could do at the end. Obviously it is not going to be something simple, but at the same time it is also not impossible neither because at the end some people would be holding that coin knowingly or unknowingly at the end.

There is a coin out there that is not top 10 huge coin already, but not some new and unimportant shady looking one, and it will go 20x in the next year, by the end of 2021 I guarantee you at least one coin will do 20x return in the whole year from first of January to last of December. Some people will be holding it anyway, not because they knew that it would go up, but because they just had it, and that shows how not impossible to make a profit that way, but when you try to find it, it looks very impossible at the time.
2074  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Trading BTC / ETH and selected alts on: February 08, 2021, 07:20:04 AM
I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.
First of all there are thousands of altcoins in the market, and why you think about the third scenario which based on what’s happening, because you have been checking the top listed cryptocurrencies which most of them correlates with Bitcoin and ethereum and every move of them is likely to show on them as well.

There are so many other coins in the market that if you checked them you will see that they are falling when Bitcoin is going up, and these coins don’t correlate with Bitcoin, when Bitcoin is going up investors sell them to invest that money in Bitcoin. Even the coins that correlates with Bitcoin, this year they didn’t make much move as Bitcoin did.

Some experts are emphasizing about zero diversification in crypto space as bitcoin alone enough for all of us hence we do not need to risk by trading/investing into altcoins.
2075  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: February 07, 2021, 08:40:37 PM
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
for long-term investment it is indeed more difficult, in addition to requiring strong analysis it is also necessary to select the right coin. because the asset stakes are very large in the long term. in addition, investors must be strong in carrying out long-term holding. it is like being patient when there is a storm and having to be strong under any circumstances until the point in time is found.
I believe it could be "made" simpler for long term investors, it all depends on what are your goals are but if you are smart enough you could find a way to make it simpler to hold. For example if you invested into bitcoin, and you keep investing into bitcoin once per month when you get your salary, that means you have a good plan laid out already, that will make things easier for you in the entry side and you should do that for 10-20 years without any stop, just put some money into bitcoin every month for 20 years.

Second part is the hardest part, its not to sell when you see it go super high or crash very low, for that to happen I suggest not checking the price at all, obviously when you are buying once a month you will see the price, but ignore that and for the rest of the month, and your life, do not check the prices or care, just ignore it completely, focus on the fact that you will sell 20 years later and not a single second early. That will really help you.
2076  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin is like planting trees on: February 07, 2021, 05:11:54 PM
Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.
I don’t know about this ten years ago you have mentioned, for me I think that the opportunity can come at anytime, so you better be looking out for it. It’s just like last year, there was the opportunity for a lot of people to start investing in Bitcoin when the pandemic caused the asset market to drop to a very low prices, but most people never did because they were scared asf and they missed out from an opportunity that would have earned them a huge profit. So, it’s good to look for opportunities, they can happen at anytime, the thing is that you never know the least it will go, we might not be seeing anything below $10,000 anytime soon.
2077  Bitcoin / Bitcoin Discussion / Re: India makes ownership of Bitcoin criminal offense - How to respond? on: February 07, 2021, 04:04:39 PM
A few days back, the Indian government announced that they will ban the usage of cryptocurrency in India. The bill is currently in queue to be presented during the budget session (which started today).

-snip
This is really bad, like what the heck is wrong with these governments people? So, they want to follow the same steps like China did, ban cryptocurrency and then introduce their own dumb digital currency which I know for sure is going to fall, because I have already seen a few countries that tried to do this and it never worked out for them, because nobody was ready to make use of a government issued digital currency, like who will even do that?

For a long time now they have been talking about banning cryptocurrency in India and at a time I thought it was over, and now they started it again Shocked.
2078  Economy / Trading Discussion / Re: How To Protect Yourself In This Situation on: February 06, 2021, 08:14:36 PM
Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.
Quite a situation actually because usually when a drop happen it drops a couple hundred bucks at least. I would say that if you have a stop loss at 35.5k and buy order at 34.9k and you see the stop loss being met then the market is raising again, then better put a buy order at higher value because yes you sold the coins to a cheaper value but it was just unlucky and now moving forward the best thing is to buy at the least possible value.

Another thing you can do is cancel those orders if you believe the market is dropping slowly because usually when the market is dropping but rather slowly it is a sign of a correction happening and you shouldn't worry too much.
2079  Economy / Speculation / Re: Will Bitcoin reach $50k by the end of 2021? on: February 06, 2021, 04:39:58 PM
If you trust that Bitcoin is a strong asset for long term investment so you not need to worry. Cryptocurrency is unpredicted but if only $50K in this year, that I believe Bitcoin is easy to reach it. The only one you must do, keep calm and HOLD

If you become a real holder you will get something really sweet
The part I agree a lot is that bitcoin is a long term deal and that is the key here, will we hit 50k by the end of the year or not? I can't guarantee any answer, but will we hit 50k one day?

I 100% guarantee you that one day bitcoin will be 50k. That is the kind of thing bitcoin is, it will always be higher and higher in the future someday, of course we do not know when and how it will happen but we know it will happen and that is the key here, if you believe that bitcoin could go up eventually that means you should buy bitcoin, sure there could be some drop that makes a better entry point but it doesn't matter in the end because you are going to make a profit no matter where you buy, if someone gave me bitcoin at 50k right now (I wouldn't buy it because there are cheaper out there Cheesy lol) I know that even that will profit in the future because it always go up, without exception.
2080  Economy / Speculation / Re: My btc price calculation theory and future of btc on: February 06, 2021, 03:52:20 PM
I have to check the dictionary to check what's this lounder word you are using, so you mean it's money laundering, I don't think money launderer will have a big share of the price movements, they can and are always traced, now that we have many institutions coming, authorities are setting up parameters to track and minimize people who are using Cryptocurrency to launder, money laundering is not a new term it's been used so many times on fiat, I don't think these launderers will have an advantage using Cryptocurrency. 
Money laundering in crypto can't be that huge and life changing because bitcoin is not truly anon and if you have bitcoin, you need to spend bitcoin as well, if you do not spend bitcoin and want cash? That means you will have to move your money from one place to another and turn it into fiat, how do you play on turning hundreds of millions of dollars worth of fiat without getting caught? Even I can name you all the ways you can get caught and that is very important.

We are in a situation where price changing because of a movement requires maybe a billion dollars, so that kind of money moving from crypto to fiat will be asked, from KYC to many other things and that is why I think it is impossible for someone to do that kind of amount in money laundering without getting caught. Obviously there could be smaller numbers but those numbers do not change the price neither.
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