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2081  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 07:40:14 PM
Good, in short the OP is confining us to the HODL methodology which is the safest one and there is no loss as long as you are not selling your crypto currencies. With the time crypto will show numerous ups and downs and could result in shocked situation but all you have to do is hodl until you get desired profits.

However, to point out, current year is also the biggest DIP, and I feel like its worst one and we may not ever see it again if the crypto breaks the current resistance in the up coming days. Reason one, peeps are buying the currencies at alarming rate and thus we are making strong liquidity base, meaning at some point there will be large number of assets to trade so price wont fall sharply. Secondly the whole community is driving themselves towards halving year 2024, so brace for the bigger up surges.
The HOLD strategy works at a long distance only for Bitcoin and Ether. There are only 3 cryptocurrencies from Top 10 by capitalization in 2017 still in top 10 now in 2022 - BTC, ETH and Ripple.
All the others cryptocurrencies dropped out of the top 10, including Litecoin(which is still good) and Bitcoin Cash.
Therefore, I would not say that HOLD is a 100% winning strategy. It is always necessary to monitor the market, otherwise you can easily get losses.
We all mention hold, hold, hold, but no one mentions for how long, or what determines when to stop holding and convert to cash, or what else. You're mentioning for long-term, how long is that period? We've also seen examples of holders who eventually gave up after Bitcoin's crash in 2017. Thus, I believe that the holding strategy is a bit vague.

Certainly, we'll have to convert to fiat eventually, however, Bitcoin and Ethereum aren't the only reputable coins, such as Binance. Wasn't aware that Litecoin had dropped from top cryptocurrencies, hadn't noticed all this time.
Well, litecoin didn't exactly fall out, it just dropped to 21st place.
But now it's not only far to the 3rd place, but also to the top ten in principle.
It is well noted that the HOLD strategy can be successful, but you need to understand what you are going to do in the end? When to get into fiat? Or do not go out at all and wait when almost everyone would be accept payment with bitcoin.
Interesting, I just looked it up on CMC and didn't notice it. Anyway, holding requires a lot of patience and setting the right goals, at what point are you satisfied with the results, and what kind of results are you expecting from your coins. Certainly, history has proven that it works, however, that's a vague statement, since Bitcoin could potentially recover back to its old ATH in 2-3 or more years (that's an example).
2082  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 04:58:28 PM
Good, in short the OP is confining us to the HODL methodology which is the safest one and there is no loss as long as you are not selling your crypto currencies. With the time crypto will show numerous ups and downs and could result in shocked situation but all you have to do is hodl until you get desired profits.

However, to point out, current year is also the biggest DIP, and I feel like its worst one and we may not ever see it again if the crypto breaks the current resistance in the up coming days. Reason one, peeps are buying the currencies at alarming rate and thus we are making strong liquidity base, meaning at some point there will be large number of assets to trade so price wont fall sharply. Secondly the whole community is driving themselves towards halving year 2024, so brace for the bigger up surges.
The HOLD strategy works at a long distance only for Bitcoin and Ether. There are only 3 cryptocurrencies from Top 10 by capitalization in 2017 still in top 10 now in 2022 - BTC, ETH and Ripple.
All the others cryptocurrencies dropped out of the top 10, including Litecoin(which is still good) and Bitcoin Cash.
Therefore, I would not say that HOLD is a 100% winning strategy. It is always necessary to monitor the market, otherwise you can easily get losses.
We all mention hold, hold, hold, but no one mentions for how long, or what determines when to stop holding and convert to cash, or what else. You're mentioning for long-term, how long is that period? We've also seen examples of holders who eventually gave up after Bitcoin's crash in 2017. Thus, I believe that the holding strategy is a bit vague.

Certainly, we'll have to convert to fiat eventually, however, Bitcoin and Ethereum aren't the only reputable coins, such as Binance. Wasn't aware that Litecoin had dropped from top cryptocurrencies, hadn't noticed all this time.
2083  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 02:26:30 PM
*might*

For me, if you are a responsible and well-knowledge trader even what is the condition of the market (bear market or bull market) you can still earn profits.
For example, doing futures trading because as you know, we can short the market or make profits even price is dumping. I know some people who makes lot of money even bear market.
As this user suggested, an experienced trader is usually capable of achieving profit, despite the market condition. Certainly, some days are better than others, while not all opportunities are equal, profit can still be made.

I guess that we're used to compare the current situation, with 1-2 years ago, in which Bitcoin suddenly skyrocketed, leading into thousands or even millions in profit.
2084  Other / Politics & Society / Re: [POV] War in Ukraine (The situation on the southern front). on: March 12, 2022, 12:41:36 PM
The current situation in the Nikolaev region leaves much to be desired ... since the Russians, under the cover of chaotic artillery attacks on the regional center, are moving their troops in a northeast direction. Does anyone else really believe that the MLRS "Grad" can hit the city's military facilities in the evening?


Quote

If it were not for the evening, the day would have been tolerable, since for almost the whole day I did not hear any signaling sounds and was in a good mood doing important things, and my wife cooked food again, (I think I'll have to devote a couple of days to family and work, so I'll see you in the middle of the week).

Quote

By the way... from VERY good news.

  • I found about 10 tons of free potatoes 400 kilometers from me.
  • I found in the neighboring region baby food, diapers, etc. at prices much lower than wholesale prices.

But the catch is that in my tiny car I will not take either one or the other, so on top of everything else on the weekend I will also look for drivers with my trucks!

Good luck to everyone and a peaceful sky above your head.
I honestly hope for the best, it's been 16 days or more since the start of the invasion, if I'm not mistaken. It's depressing to live in such conditions and from the bottom of my heart, I wish you good luck, it seems like there's a long road ahead.

However, I've been reading that Putin has opened negotiations again, "offering", more like demanding Ukraine to meet his demands, or he'll fiercely attack Kyiv and Ukraine in general.
2085  Other / Politics & Society / Re: USA will also suffer. on: March 12, 2022, 10:51:44 AM
The Western world is going to suffer from these sanctions (Europe and USA), oil prices were already high enough, however, after Putin's invasion in Ukraine, they have skyrocketed, after imposing severe sanctions. 30% of Europe's oil supplies are imported from Russia, it might take years to replace this production from other suppliers.
2086  Other / Politics & Society / Re: Will Russia and Ukraine join hands...? on: March 12, 2022, 07:33:34 AM
We all already know some of the reasons why Russia and Ukraine have conflicts as reported in many media today
and this tends to be the attitude of Russia's Separatism
and this war will not easily stop or there will be peace
Can the international world as the United Nations (UN) bridge these two countries so that they can make peace or to stop the Russian attack on Ukraine

The war is not just between Ukraine and Russia. Its war between Europe and Russia and the frontline is Ukraine, where Russian bombs are killing innocent Ukrainian children. As for the issue of international relations, The most powerful thing is political and economical isolation, which of course is very bad for everyone but  may help to stop war.
Ukraine was simply the excuse, Putin doesn't want NATO next to his country, which was also a country that belonged in the Soviet Union, a large part of their territory is Russian and their citizens are Russian - speaking for the very same reason.

The war isn't going to stop anytime soon, unless Zelensky surrenders and meet Russia's demands, something which is currently highly unlikely. Putin will keep going till he gets what he wants, one way or another.
2087  Other / Politics & Society / Re: Doctors beg people to take the vaccine on: March 11, 2022, 06:24:50 PM
Are the doctors pockets full now or are they still begging people to take a useless toxin shot?
https://ibb.co/RQFKKk0



Your chart still shows absolutely nothing that relates to vaccine efficacy. I've explained this before, so not sure why you persist in posting it. What point are you attempting to demonstrate?
BTW - on a totally unrelated note, did you know that more people die in plane crashes now than a hundred years ago? Time to get rid of that crappy modern technology and go back to building stuff out of wood and bits of string, amirite?

~snip~
It's surprising that we're still talking about vaccine efficacy, something which can be statically proven, while unvaccinated people account for the largest percentage of deaths or severe illness, which would require hospitalization in an ICU. I believe that we're heading towards the end of the pandemic, it's an undeniable fact that vaccines played a vital role in reducing the amount of total deaths (6,054,087 till now).
2088  Bitcoin / Bitcoin Discussion / Re: A Bitcoin wallet suddenly activates after 11 years on: March 11, 2022, 04:51:01 PM
Despite if it's Satoshi or not, I doubt that he is but anyway, it's outstanding that someone kept Bitcoin for that long. Who knows, was this wallet lost for over a decade and recovered just now? Was he waiting for the right moment to wake up? Was he actually holding on purpose since 2010? There are a lot of questions, unfortunately, we'll never receive the corresponding answers. I doubt about the second though, since we're way far from November's ATH, while the market isn't at its best state currently.
2089  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 11, 2022, 03:39:35 PM
Oil prices have lost value the past 2 days (WTI Crude and Brent oil), dropping from $130 to approximately $110-112. Certainly not reassuring, but I guess it's better than nothing. Unleaded 95 petrol now costs €2.158/liter and diesel €1.998/liter in my area, a slight increase from my previous post. Rumors mention that the UAE might increase production, in an effort to replace Russia's imports, however, my knowledge on the subject is limited.
2090  Other / Politics & Society / Re: Putin switzerland sanctions on: March 10, 2022, 08:10:43 PM
In a world, where Bitcoin exists, all sanctions are pointless.
All sanctions are pointless, since they aren't directly hurting the governments (Putin in this case), but its citizens. On top of that, the condition in Europe has worsened after Putin's invasion, oil, natural gas and energy costs have skyrocketed for the whole Europe and US, banning oil imports will severely hurt us all.
2091  Other / Politics & Society / Re: What is the world turning into?? on: March 10, 2022, 06:22:48 PM
Comparing to the past isn't of much use, the technology wasn't as advanced and conditions were much worse (The Spanish Flu appeared during or after WW1, if I remember correctly, due to the mass transportation of soldiers and the poor hygiene and living conditions). [...] After Russia's invasion, a WW3 wouldn't surprise us, while other countries could take examples from Russia, and follow the same tactics (see Turkey and Greece).

One reason that the pandemic became a global event is because countries (and economies) are so intertwined now, much more than in the past. Previously a new virus arising in China might have remained in China, but in the 21st Century anything that arises anywhere is likely to spread around the globe.

On the war side, though, the fact that countries and their economies are so intertwined should disincentivise aggression. It's a major reason that big countries haven't attacked each other directly since WW2, whatever damage you can do to your opponent will also cause huge harm to your own economy. Of course there have been proxy wars and small-scale aggression, but never enough to cause a major economic reaction. What we are seeing now with Russia is a country (or rather a man) who is testing the boundaries of what he can get away with. The level of sanctions and companies disentangling themselves from Russia is unprecedented, and will cause huge damage to Russia... and hopefully (provided he doesn't resort to nuclear weapons) provide a clear example for the future that this sort of aggression will come with a huge cost.
Couldn't have said better myself, due to globalization, mass transportation of people is a daily phenomenon, thousands of people are travelling within the globe, and can be at the other side of the earth, within a few hours, which in a situation of a pandemic, it could be disastrous. Even with closed borders, there are still people entering and exiting a country, for trading purposes (imports, exports, supplies and so on). Thus, it's almost impossible to contain such a contagious disease.

This was also the main reason the Spanish Flu was so widespread, killing millions of people. The virus was said to originate from infected soldiers in military camps, and then brought overseas due to the WW1. It's not a simple coincidence, that in both cases, mass transportation played a vital role in the pandemic's progression.
2092  Other / Politics & Society / Re: Russian forces seize huge Ukrainian nuclear plant on: March 09, 2022, 07:49:46 PM
May Russia be wise in taking over Chornobyl and not use it rashly. One nuclear reactor that once exploded had a very terrible effect, don't let it happen again.
I've heard Putin's remarks about nuclear, and I believe that Putin and Russia are not so barbaric to destroy the world without really strong reasons.

You have to be seriously fucked in the head to think that there might possibly exist "really strong reasons" to destroy the world.

Or you're just shitposting random phrases with no clue what you're talking about.
There are unconfirmed rumors that the annexation of Chernobyl might have caused a possible radiation leak, due to loss of power. Not sure if has been proven otherwise, however, it's certainly not positive that Russia is capturing nuclear power plants. Things can easily take a turn for the worst.
2093  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: March 09, 2022, 05:12:57 PM
I'm sure that the Ukrainian government is corrupt and has oppressed many people within its borders at various occasions, BTW, which is why I wouldn't donate to their official BTC addresses or anything like that.

To be fair, Putin and his rich buddies are largely responsible for corruption in Ukraine over the past 15+ years.

And If things go his way enough, it wouldn't be a surprise if a chunk of the donations end up in the pockets of Russians.  So you're not wrong.
People are now booking Airbnb's in an effort to financially assist Ukrainians. While I'm not against donations, handing out your hard-earned money to some government BTC address doesn't actually guarantee you that it's being put into good use, helping those in need. As others have already mentioned, Ukraine  is one of the most corrupt nations in Europe, according to Guardian (2015), that's not the point though.

From my point of view, the Airbnb concept of donations doesn't sound bad.
2094  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 09, 2022, 04:26:18 PM
A little update, today I had a day off, we're pretty much changing prices on a daily basis, increasing in increments of 3-5 cents at a time, it's depressing.
These photos got sent to me by a colleague, prices are updated at almost the same time, every day, somewhere between 2-4 o'clock. Both photos display the new updated prices, one is for fuels while the second one is for heating gas oil.

They are expected to rise even further in the upcoming days, it's making life slowly miserable.


2095  Other / Politics & Society / Re: Russian forces seize huge Ukrainian nuclear plant on: March 08, 2022, 06:14:55 PM
I don't believe (or at least I find it hard to believe) that Putin actually wants to blow up Ukraine's nuclear plants. The fire that broke out at the Zaporizhzhia nuclear plant wasn't within the reactor's area, although things can easily take a turn for the worst, shelling it is potentially sending a message, by showing a sample of what he is capable of doing.

I highly doubt it that the purpose of the attack was to cause a nuclear explosion, because that would eventually mean the end of humanity as we know it. I'm not excluding this scenario by any means, if Putin's invasion isn't successful, he might as well take the whole world with him, rather than face NATO and the EU, he won't have anything else to lose, and that's what makes him dangerous.
Totally agree i think putin is trying to keep civilian casualties  as low as possible in this war to not further provoke NATO members that's why we haven't see any major bombing campaigns and airstrikes (which the russian army is very capable of doing ).
I don't know if you missed it but Putin has bombed civillians deperately and repeatedly. He has targeted residential areas, hospitals and schools where no military infrastructure is located: https://twitter.com/CBSNews/status/1499633290004905985
Luckily we have internet and everyone can see Putin's war crimes.
Putin on the other hand doesn't admit that any kind of bombing has been committed by his side. I can't understand if he actually thinks that the world is stupid and isn't aware of the bombarded cities. Let's blame the Ukrainians, they are bombing their own cities just for show, it's all a conspiracy theory.
2096  Bitcoin / Bitcoin Discussion / Re: This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin? on: March 06, 2022, 09:44:36 PM
How do you intend to use your bitcoin? Is it completely worthless?
There's nothing you can do but save yourself the conflict and save the hardware wallet. If there is no Internet, no cryptocurrencies, you have to wait for the situation to be conducive to moving away from the war zone and it seems that Ukrainians has gone to neighboring countries, then it is time to act on accessing hardware wallets.
From Ukraine's side, Bitcoin could provide safety of assets, your BTC will be there no matter what, even if banks collapse, or Ukraine enters EU and switches to Euro. You won't be able to use them if the internet/service is down, but at least your money will be safe.

From Russia's side, though, as I've mentioned before, sanctions by EU aren't actually hurting Putin, but his citizens, who saw Russian Rubble crashing and losing more than 30% of their money's value within a few days. In that case, Bitcoin would be useful to maintain the value and the integrity of your money.
2097  Other / Politics & Society / Re: What is the world turning into?? on: March 06, 2022, 08:29:06 PM
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.

You are exaggerating, how many have died already? If you compare this time to past that happened like these, it is way more chaotic, people died here and there. Remember Spanish flue, remember the holocaust, remember the wars that have already happened way back. There are more people that have died, and it is not close enough for you to be over reacting. The only thing that makes it worst now is because it is broadcast, sympathizers here and there, putting gas to fire, making it worst even more. Dramas are created, media lies in front of you, information that are aired are misleading, making the the one who is right a culprit and the the aggressor are the ones who are being seen as a hero. If we see it clearly, books are now disregarded and history is forgotten, where knowledge is acquired from social platforms, with unknown credibility.
While the post contains some kind of exaggeration, the millennial generation is bound to live many similar disasters. Comparing to the past isn't of much use, the technology wasn't as advanced and conditions were much worse (The Spanish Flu appeared during or after WW1, if I remember correctly, due to the mass transportation of soldiers and the poor hygiene and living conditions).

I am now reading a book about pandemics, a few decades ago, scientists believed that transmittable diseases (such as Covid) have been eradicated, only to be proven wrong a few years later (SARs or MERs are a few examples).

Sometimes, all these incidents around the world are too much to swallow, what's even worse is that the worst is yet to come. After Russia's invasion, a WW3 wouldn't surprise us, while other countries could take examples from Russia, and follow the same tactics (see Turkey and Greece).
2098  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: March 06, 2022, 06:56:02 PM
I think Putin's apologists will soon have something else to worry about. It looks like protests in Russian cities are gaining intensity, despite beatings and arrests by the police. Obviously pro-Putin media isn't gonna report on it, and other outlets have been banned or voluntarily packed up due to new censorship laws, but there is still Telegram and other apps.

Holding cells are filling up so I'm guessing shooting at crowds would be the next step.
On top of that, I've also read that Russians are fleeing to Finland due to fear of Putin implementing requiring citizens to enlist the army and go to war against Ukraine. I didn't check the validity of the source, but it doesn't sound impossible.

I had also seen a few protests, during the first days of the invasion, but haven't seen anything similar since then. First of all, Russia has been banned from all major social media, while Putin of course isn't going to announce that there are protests against the ongoing war.
2099  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: March 06, 2022, 02:53:37 PM
Putin warned Ukraine back in 2014, he said if they try to join NATO he would invade their country. They did try to join NATO and Putin shows that he is not in the making empty threats business. He is simply honoring his words.

In light of the current situation, Ukraine's desire to join NATO is clearly justified. Ukraine was concerned about Russian aggression, especially after the Crimea, and wanted protection. NATO membership became a shared goal for the majority of Ukrainians after Russia's military occupation of Crimea. Who is Putin to deny them that right?

Regardless of how you spin it, aggression against a sovereign state with a legally elected government can never be justified. No matter what the issue, Ukraine's sovereignty and independence must be respected by all powers. Putin is a war criminal and it is time for Western countries to stand up to this aggression.
Of course it's justified, Putin never actually stopped making threats and provoking Ukraine, this current situation was foreseeable for the past decade at least, especially after the annexation of Crimea to Russia.

Certainly, invading a country isn't justifiable by any means, while Putin's threats are definitely real and concerning. There needs to be a stop to his madness, but I don't see it happening.
2100  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 06, 2022, 12:35:04 PM
The rising fuel prices really make me worry. It was to be expected that a new major conflict is going to make the energy prices soar, but at the rate we are seeing right now is alarming. The gas stations seem to change their prices two times a day. What is very surprising right now is that Diesel prices are even more expensive than normal fuel. Diesel was usually cheaper than other fuel types, but since Russia is a big exporter for Diesel that doesn't hold true anymore.
The big issue with rising fuel prices is that we already have high inflation rates last year. Food prices are rising, construction materials are at an all time high, and now fuel and energy prices are following. If this continues than we could face a inflation spiral that will increase all other prices too. Once all the consumer prices reach new all time highs, wages have to rise also. I wonder how the politicians are going to solve that dilemma.
That's something I also noticed in the gas station. The past week or two, we've been changing the prices almost on a daily basis, it appears that diesel is increasing in larger increments than petrol.

For instance, on Wednesday, we received a notification to update the prices, petrol increased from €1.998 to €2.028, while diesel increased from €1.728 to €1.778, respectively yesterday, petrol rised from €2.028 to €2.058, and diesel up to €1.848. Thus, you can easily notice that petrol rises in increments of 2-3 cents, while diesel those of 5-7 cents. It's astonishing that these changes happen almost on a daily basis.
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