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2101  Economy / Speculation / Re: What you'll do when BTC price will go down heavily and fast? on: January 28, 2021, 03:55:48 PM
when you see the cryptocurrency price collapsing instantly then you can take advantage of that opportunity to buy as much as you can, but if you are stuck at a high price then all you have to do is stay calm and don't get influenced to sell it at a low price because it will only make you lose, the price of cryptocurrency will always go up and down so keep waiting until the price goes up again so you don't regret it someday for selling it at a cheap price.
You can buy as much as you can of a coin that you think will be doing great in the future, not the ones that could suck and be very bad, that is an important decisive matter. For example, XRP is a very high ranked, recently third now fifth ranked big coin right? Well that doesn't mean that it is doing awesome right now, but I still wouldn't be investing into it, is it low?

Yeah compared to others its low, did we say we should get in as much as we can to a promising coin that is low? Yes we agreed on that, why am I not investing into XRP which is in exactly that position? Because I do not see a future in XRP, maybe I am making a short term mistake where XRP could go higher soon but I do not see a 5-10 year future for XRP which is why I am not investing. So find the ones you think would be valued well and invest into those if you want to profit big time.
2102  Economy / Speculation / Re: Alert: Get ready to deal with FUDS about Bitcoin on: January 28, 2021, 03:10:20 PM
Quote
as this forum will be flooded with FUDS since the value of Bitcoin has dropped to $30k which will lead so many people to post negative article against bitcoin which we have come across in the past. Just ensure don't cashout in hurry and rather do a proper analysis to avoid any possible loss as it's bit difficult to control emotions when we see numerous negative posts predicting a downfall
thanks for the effort  of warning'ing us we appreciate this so much . btc drop a little and it wasnt a continous drop ,
we are safe and this wont trigger massive fuds but fuds are a part of the fam and fuds dont choose if whatever the price of btc has but expect that fuds are going to appear everywhere  from time to time and if your like me that are familiar to fuds , this cannot give you an unplesant feeling anymore .
 feel free to ignore those if your not like wasting time reading them
Another advice for staying away from FUDS is that people who "say" things are not changing the price, because bitcoin can't go down no matter how much you say it will go down, it doesn't work with just talking, it works with actual trading. So, only people who decide if bitcoin will go down or not are the people who actually sell their bitcoins, if there are a ton of people selling a ton of bitcoins the price will actually go down and those people do not come here and say "I am about to sell thousands of bitcoins", they simply just do it.

Hence, what we are looking at is just some people who talk and talk and talk but they do nothing and when they do nothing that means they change nothing. You can ignore those people because they worth and mean nothing to people and nothing to all of us, I can't care less about people who simply just talk about a bear but do not sell.
2103  Economy / Speculation / Re: Your price expectations for 2021 on: January 27, 2021, 01:33:18 PM
A free market always seems to test the boundaries, in some ways its a positive to do so and its partly why I dont think we climb higher without shaking the ladder for strength first.   Me personally I've been around a few years and I recognise some extremes from other commodity markets they all tend to be capable of spiking demand at times; it could half and I wont lose any respect for the potential beyond that but it likely alters the active market i guess and thats what is in the price action occurring.   I do chat with people often who are new to BTC and buying and a hint of why they buy etc so I get a rough drift of new comers plus I discuss this same topic on a few general forums.
That feeling of getting rid of panic sales and the weak hands is a feeling I like as well. We go up a lot, we are going to come down a bit as well, you can't expect the price to move from 10k to 40k without ever dropping and continue to go to 100k, hell I didn't even expected 40k to be quite honest with you because it looked to be a huge number, but we did that, so that was cool. That means we dropped as expected and that's fine, this is what we wanted and that is what we get. Now that we are out of all those people who sold in panic mode and those who had weaker hands, we are left with people who would be capable of holding their coins even after 40k+ price, and that is what we needed.

I feel like we are more "ready" this time around to go above 40k price and that is what we are going to do and next time we do it we are not going to crash this much anymore.
2104  Economy / Trading Discussion / Re: Should I sell or hold on my bitcoin? on: January 27, 2021, 08:52:12 AM
I would say it depends on your personal life and not a trading question for people like me. If you are a day trader that buys and sells you wouldn't ask if you should sell it or hold it, that means you are an investor who bought it and holds it right now and depending on what you want to do you will maybe get out, if you are holding your coins more than few days that kind of becomes investing a bit and not trading, trading is buying and selling as quickly as possible.

In the case of an investor selling or holding, that depends on your life, do you need the money now? You could always need money because of something in your life, and if you need it that means you could sell it, nothing wrong with that, however if you do not need the money right now, just let it ride, maybe it will be 10k again maybe it will be 50k but eventually in a few years it will definitely be higher than this no doubt about it.
2105  Economy / Trading Discussion / Re: What to avoid as a beginner in trading Bitcoin? on: January 26, 2021, 06:18:03 PM
One of the most common errors traders make while dealing with cryptos is the fear of missing out (FOMO) and FUD. These two variables lead them, out of feelings, uncertainly excitement and doubt, to take decisions.

Another common factor which causes traders to take wrong positions is impatience. Every other minute, traders keep checking the prices and end up making wrong decisions.

Not diversifying is another mistake that is common. People spend all their money on a single coin, so when prices fall, they lose big. Investing in more than one coin, which means diversifying, is a better alternative here.

In addition to these other mistakes, the pump and dump scheme, revenge trading, reluctance to thoroughly study the situation, blindly following the crowd etc.
Unfortunately those two terms became famous because of that same reason, because people did those mistakes over and over and over again. I personally feel like I never got involved with any FUD or FOMO but I am not even sure anymore.

I got involved with crypto during the 2013 FOMO period, so I could say I took part in that and lost a small amount of money, but I was smart enough to not invest a lot, I invested only 50 bucks, now I look back on it and say I wish I got involved with all the money I had but I know I would have probably panic sold all my coins when it went down, or even if I managed to hold it for a while, I would have sold it when it went over 1400 dollars.

FUD and FOMO are two things every trader has done at least once, it is not really something easy and that is why we are going to keep seeing more and more people do the same mistake over and over again.
2106  Economy / Economics / Re: Will proposals to tax unrealized capital gains kill Bitcoin and other Cryptos? on: January 26, 2021, 04:34:32 PM
Now, by contrast, gains are taxed only when assets are sold and at a top rate of 23.8% instead of 37% for ordinary income.
Jesus fuckin' Christ....that's the way it should be.  You haven't actually realized a profit until you've sold, and nobody should have to pay the government just because something they own went up in value.  Would this include real estate?  Stocks? 

This democratic idea is so asinine that I hope it just dies on the floor.  If the government truly wants to address income inequality (not a new problem, by the way), this is about the worst way of going about it that I could think of.

I bet you this is their plan to pay for all of this stimulus money that's being handed out like monopoly notes.  I'll have to keep an eye on this.  Thanks for posting this, OP.
Do not be worried, it is still like that in the current system and it will still be like that for crypto in the future as well, this is just "lets say something bad about democrats". We all know that Republicans will not care about anything but money, when you look at their defense of Trump all they say is there is "record breaking low unemployment" which somehow they believed when told during a freaking pandemic, obviously that is a lie but they care about that, when you point out to the record breaking debt they ignore it.

This is also another situation where wealthy people buy and hold same stocks for decades and get richer thanks to that, for example Jeff Bezos and Elon Musk got so so so much richer this year, you think not paying a single cent for that is understandable? I think that is not acceptable, so this will make sure there is tax payments for those people who got billions of dollars richer by simply holding stocks.
2107  Economy / Economics / Re: Miami mayor considers investing in bitcoin with public funds on: January 26, 2021, 07:12:50 AM
This is a big step forward by a government to make direct investment on bitcoin. Years back itself similar move is taken by Bulgarian Government. Bulgaria Big On Bitcoin As Reserves Could Exceed Its Gold Stash. It has got Bitcoin in higher volume than the volume of gold. As every country prefer gold as backing reserve, Bulgaria have prioritised Bitcoin as the reserve holding. Maybe we can expect more countries getting used to direct bitcoin investment.
This isn't the first time neither, we had this type of situation before but not the same idea. If you check about Ohio state you will see that they are using BitPay to accept crypto, which is not exactly the same thing as what we are seeing here of course, because one of them is actually putting money into bitcoin, the other is taking the same bitcoin into somewhere else.

However it is still a nice gesture from Ohio to start accepting tax payments in the form of crypto, that was one way to show that it was getting more and more legal to deal with crypto since even states were accepting payments of it.

Miami now is on another level, not only they are looking for crypto payments, they are actually willing to put money into crypto, and considering they are a whole city, they can put a lot of money constantly without ever taking it out neither, which means they could have so much more bitcoin, even if it falls they can keep buying more to drop price and get more and more and make a lot of profit in the future.
2108  Economy / Economics / Re: What percentage of your total assets would you rather invest in bitcoin? on: January 26, 2021, 06:40:09 AM
It's considered high risk investment for a reason and I always keep my asset maybe around 20% or below in form of cryptos more specifically bitcoin but man this time around that was dumbest thing I've ever did considering all the pumps but then again it's high-risk investment no one know for sure.

But i'm still gonna diversify my asset across many investment instruments just in case and I don't really like keeping thing in one place despite the crypto pump that made me kinda regret not having additional asset in crypto.
The reality is that we are all in a world where fiat is a lot more riskier than crypto and thats the truth. Sure bitcoin can go down a lot and crash, or it could go up a lot and skyrocket, but the reality is that as long as fiat gets less valuable, you are going to be upset about not having more crypto because when fiat becomes less valuable the price of bitcoin goes up.

Look at 2020, almost all nations printed some money and made so much more debt and that had to be one of the worst years for fiat ever, even stock market that went up didn't went up nearly enough and made anyone money, because fiat lost value so the money you got was less valuable than the previous year. What happened with bitcoin though? It went up over 4 times, actually closer to 7 times in a year, and that doesn't happen anywhere at all. That is why it is not risky, it is just requires patience.
2109  Economy / Services / Re: [OPEN]Blenderwallet.io Signature Campaign | Sr. Members+ ~ Up to$62.5/Week on: January 25, 2021, 03:45:39 PM
Bitcointalk Profile Link:  https://bitcointalk.org/index.php?action=profile;u=557005
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2110  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 23, 2021, 07:14:36 PM
In my opinion, there is still too much difference between Milan and Juventus, we are talking about 10 point difference with one game behind, I do not think that it is going to change anytime soon, even if Milan loses few games in a row, whose to say Juve will not lose some games soo neither? They lost their most recent game against Inter (and even cup game against Napoli) so it is obvious that it is not going to be easy for Juventus to make a comeback this year.

Inter is not doing bad neither but Milan is playing on a whole another level that I can't believe, I think it is definitely one of the best we have seen for a very long time now. I think it is quite vital that Milan do not lose points on weeks Juve gets 3 points, as long as they can keep the difference for another 5-10 weeks, that will discourage Juventus and the league will be over. I can't believe we are finally going to see someone else then Juve be the champions once again.
2111  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Tips to find new gem on: January 22, 2021, 04:04:09 PM
Best method I have found was to go around the project lists and try to find one with a usecase that people may want to use. For example binance smart chain shares all the projects they have and all the ones upcoming as well, so I check them and try to find which one is good and which one is not good, I find the usecase ones and when I found them I try to imagine if people will want to use it or not.

For example, I found pancakeswap that way and I find it awesome, it is both like uniswap because you can swap tokens, but it is ten times cheaper, we are talking about under 1% of your money instead of 20% of your money goes to transactions if you are using small amounts, and obviously it is still cheaper even if you deal with millions of dollars. Secondly it has pools and farms where you could earn money with your money that uniswap doesn't even have. I just loved it. Go around and check them all and you will find a decent project.
2112  Economy / Speculation / Re: Could this correction lead to a bear market for Bitcoin? on: January 22, 2021, 08:03:04 AM
Make a quick profit so you don't have to worry anymore in case the past scenario happens again, people are worrying because the past scenario makes them lose a lot, have read a lot of stories of losing their savings because they invested on the 2017 all time high only to regret after the market crash, this is something investors are afraid to happen again, they are on wait and see and hoping this bull run is different from the last one.
What people should have learned during this period would have been DCA because that is how you saved yourself during 2018 as well. If you got in at peak 2017 and kept buying once every month until this month, you would have been rich, and if you got in during 2017 peak all-in and never bought again, you would have still doubled if you waited this long as well but it would have been harder to wait I understand that.

So long story short if you can buy right now, and it crashes? You could always go ahead and buy some more, dropped to 25k? Buy some more, dropped to 15k? Buy a lot more, dropped to 5k? Buy as much as you can afford. There is no reason not to buy right now, the only bad thing about current situation would be to not buy more and more in the future, that is irrelevant to you buying right now or not, because keep buying is a thing you should always do.
2113  Economy / Speculation / Re: Could this correction lead to a bear market for Bitcoin? on: January 21, 2021, 05:59:21 AM
Nothing wrong with altcoins getting some time in the sun. Panic selling retail investors are selling bitcoin and buying alts so we get a little altcoin season. Meanwhile institutions are buying heavy into Bitcoin. It's only a matter of time until Bitcoin heads back over $40k and continues on upwards, at which time the scared retail investors will pile back into Bitcoin as well.

And I would say it's good to see some alt coins getting into a bull run as well, so that this market will remain healthy to some extend. We are still above the $1 trillion market cap and bitcoin 65%, so it slashes 5% at least and the money goes to altcoin.

But then again, there could be time that the altcoin investors would go back to bitcoin to push the price to $40k-$50k. Currently the price is stable along the $35k boundaries so we are all good.
Alts have been doing fine in fiat currency but they have been killed in the bitcoin drops lately, it was nice to see them recover a bit. Ethereum either reached or barely touched the all time high price for example, now it looks lower once again but it was at least there for a moment. I believe when alts start to go up, it usually means that bitcoin increase is stopping or slowing down, which is why I wasn't sure about the situation and if I should be happy about it.

In 2017 peak and afterwards when the price of bitcoin stayed or went low that meant alts went up, they all had their best periods during those times, for example December 2017 was peak of bitcoin but 13th of January was the peak of ethereum, it got higher thanks to bitcoin going lower, but after a while ethereum started to fall as well. That is why I am a bit scared if we are there right now.
2114  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: January 21, 2021, 04:31:05 AM
Athletico Madrid will probably beat Eibar unless something shocking happens, which means it is going to be a bit harder for all other teams to reach them. Athletico Madrid is already 2 games behind with 4 points  ahead to closest, which means if they win this it will be one game behind and 7 points, with another win that will be 10 points with same amount of games. We are talking about 10 points difference in about half of the season is done, that is not bad at all.

I can't guarantee anyone winning this early, but A.Madrid looks like they are going to win it this year, they are definitely doing much much better this season and they are certainly very good right now with how they are playing as well. Momentum is on their side, if they can keep this up for few more weeks and reac that 10+ point difference, I believe they can safely call it a season.
2115  Economy / Gambling discussion / Re: 2021 NBA Season on: January 20, 2021, 07:04:31 PM
I can't say we can put the blame on Irving right away, this early on. I get that he did some mistakes recently, he was absent but we do not know what was the reason he was absent, plus even if it was just because he didn't want to play, which is a bad and unprofessional thing, he is already back so that is over with already and can't be the cause at the end of the season. Not like you are going to be in second round of playoffs Nets against Bucks, and Bucks win, Nets fans go out and say "well irving missed some games 4 months ago, that is the reason we lost!!!" that can't be the reason.

So we have to wait and see, if they win a ring that is fine everyone is happy, if they end up losing, we have to see who played how and why it wasn't a win, because Nets certainly do have a team that can win the ring right now and if they fail to do that, they will probably need to work a lot better together.
2116  Economy / Speculation / Re: Tether on: January 20, 2021, 06:14:44 PM
At the end of the day if one day Tether company is found guilty on american soil, they will not be used by any american exchange at all and that is an important development. I know that Tether is not an american company and what they are doing is working with Bahamian banks and all by the guise of "USA wants everyone to obey, Bahama gives us freedom" but the reality is that they do not want ot be found guilty of anything so they ran away and opened an off-shore account as their main account and that's it. It wasn't to make sure usa doesn't get involved unfairly, it was to get away from fair audits so that is why they are there.

Hence when one day USA decides that Tether is bad business and nobody can work with them, all their american partnerships will end, and all the american exchanges will delist them, which is why it is quite important that they have a plan for that situation.
2117  Economy / Economics / Re: What percentage of your total assets would you rather invest in bitcoin? on: January 20, 2021, 05:29:13 AM
I'll answer the title of the thread, 95% of my savings are in Bitcoin, Ethereum and Litecoin.
After paying my bills and living expenses, everything else goes into Bitcoin.

I have other assets which are staying as they are but for FIAT I put as much
as I can into Bitcoin and have been doing that for a few years.
I used to do the same thing but for the past 3 months or so it has been a bit more difficult to do the same. Not because my earning dropped because it is almost the same, even increased, it was never really about that, it was about how my expenses increased. Inflation due to pandemic made things a lot more expensive, which means that life is more expensive, even though my income is about the same that still didn't cover the new expenses.

I am very glad that I have a job that allowed me to earn more than I spent, so right now I spend as much as I earn, if I was barely surviving, now I would be in debt. However the idea of "put anything you do not spend into crypto" is one step lower than "put money first, spend later" because I have grown up with put 10% of your earning into savings idea, that way you do not see it as your paycheck and you would force to live with 90% of your earning, and I am failing even that now.
2118  Economy / Speculation / Re: Do you think that a new ATH is coming or a crash? on: January 20, 2021, 03:24:16 AM
We should try to focus on the fact that bitcoin was not meant for constant increases or constant decreases, bitcoin wasn't even created so that you could trade it and make a profit. The idea was probably have this as a currency, so you work for someone (or have your own job) and earn bitcoin, and then you go out and spend it instead.

However one thing is for certain, if you are not going to end up using it, that means you are here to trade it and something that was meant for using being traded will never be stable. This is not tether, this is not fiat, this is bitcoin. Hence we could have ATH or crash, or stable, we could have crash and then ath, we could have ath then crash. There is no limit to what bitcoin can do, we are talking about endless possibilities here because it wasn't meant to make you profit, it wasn't created for that purpose.
2119  Economy / Trading Discussion / Re: How do you deal with 'Selling early' regrets? on: January 19, 2021, 03:39:14 PM
As the type of scalping trader who takes no big profits, I myself don't care about large increases. the most important thing is when the Profit Target has been reached I will sell it. there is still time to be able to produce at a later time than I have to wait for the increase again. because I rely on tradng to get a monthly income. on average every 1 - 2 days have reached the target or hit a Stop Lose  Cheesy
How do you deal with price going from 10k to 40k? I am pretty sure that scalping still made profit since the price was going up, but people who hold their coins made about 4x return in the same time, do you think scalpers made 4x as well?

I am not talking about specifically you, you may have made more or less than that, I just wanted to ask did you find the method great during this period as well? Considering you make a monthly income from trading, you must be really good at it, what do you think is the best method you have seen so far? Is it scalping?

I personally do not really like risking my money with scalping because I am not good at it, I realize that scalping might be good for some but you have to be good at it, if you are a newbie like me and go into scalping that easily, it would be really not a good idea so I try to stay away from it.
2120  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: January 19, 2021, 02:52:47 PM
Also read it in a lot of Dutch news sites. Too bad he doesn't finish his career at Ajax. The chance of being champion with Ajax is bigger then stay in de bundesliga with Schalke.
In other regular situations I am sure Huntelaar would have ended his career at Ajax if nothing else happened, however Schalke is not looking good this year and they are reaching to him as a savior for them, and probably offered him more than just money, probably some coaching chances at youth teams and all (which I am sure ajax probably did as well) and other stuff, but going to a team to save them versus staying with a team to be champions are different feelings.

When you are so sure about championship and you know that you are not the reason for it, giving yourself a challenge must feel a lot better, plus this guy has lived so many success in his life, I am sure another championship wasn't really that big of a deal, but if he goes to Schalke and manages to help the team not relegate and they stay at Bundesliga another season? That would be awesome ending for him.
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