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2141  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Elon musk launches his own coin? on: July 02, 2021, 06:48:49 PM
Why would they buy something created by Elon Musk? What would this coin provide that other coins no longer provide? It is impossible that it guarantees valuations without price fluctuations and at the same usefulness to people worldwide. The fact that he is a DOGE advocate against the BTC, would create an inappropriate atmosphere with the BTC community that is not small. It really wouldn't make sense for him to create his own coin and he probably already thought about it, how would he handle his deals in real life afterwards? If he guarantees that the coin could be used in his deals, there might be a buyer, but even so, it's very risky.
Are you serious? I mean this guy tweets about something and it changes the price all by himself. He may or may not have the same power anymore because his influence over crypto world is getting lower and lower but that doesn't change the fact that he can still tweet about it as the most influential and wealthy person in the crypto world. He talked about doge and look what he turned it into.

Doge was about $0.005 when he first started talking about it, it broke over 0.70 at the peak eventually, someone who can make a coin that high could definitely create his coin and people will buy it for sure. Hell he joked about "marscoin" once and apparently there was one and that coin skyrocket like hell, a coin that had 100-200 dollars volume daily had 200k+ dollars volume in a day just because he tweeted about a potential of a mars coin in the future not even THAT coin.
2142  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about NFTs? on: July 02, 2021, 06:31:09 PM
NFTS in my opinion is a profitable business model for developers but for traders it will not be able to provide much profit because not all platforms can accept payments using NFTS, NFTS is more used for collection so it doesn't have a high demand so I think be careful when you want put your money in such a platform model.
Some NFT project have a strong demand in the market and right now NFT games are doing great in the market and you can actually trade them because it's value is also volatile and moving as well. For me NFTs are on a better position now especially the games not because I do play on some NFT platform but simply because their technology introduces new things here, and that's where the hype is right now.
That "game" thing really turned NFT into something much bigger. Back in the day it was just some pictures being sold and even then it worth a lot of money and nobody really made any sense in that. There was one NFT that went for nearly 70 million dollars if I am not wrong. I can guarantee you that if that guy wanted to sell it right now, he can't get half of that amount these days, don't care whose paintings it was and why it was that much but I know it won't worth that much these days.

However games made sense, because in the gaming world you could make NFT and then you could turn around and do something much bigger with it, play with it, win with it, earn with it basically you can use your NFT for something in return of buying it. This way on contrary to what it was just few months ago when you just bought pictures, nowadays you buy some utility with it.
2143  Economy / Speculation / Re: Germany is about to allow legally the funds to invest in crypto, from July 1st on: July 02, 2021, 02:54:08 PM
They have been pro-bitcoin since 2017, you can see the number of cities that accepts crypto or at least have a bitcoin ATM:

https://www.statista.com/statistics/1224741/firms-with-crypto-payment-solution-germany-city/

Yeah, it didn't put a dent on the price though, on the contrary the price dip in the last 48 hours. For sure maybe not everyone hear this news. So it might take time to digest this news and let investors read between the line. The price is still cheap, maybe it's a good time to buy bitcoin right now and hold and wait for other good news to come before the end of the year.
It is not easy to be a fully supportive of crypto when you have a currency that is getting less and less valuable and a nation that has worse and worse economy. However Germany has none of those, they have a currency that is doing better, and they have a nation with probably the best finances in all of the world, they gave zero deficits ffs (before pandemic) that is enough.

So long story short Germany is not afraid of bitcoin because they know that it wasn't created to hurt nations and governments like theirs, it was created against nations like USA where rich get richer thanks to politicians and poor get poorer because of the same government, with crypto there is a good amount of freedom given to the citizens to fight against the wall streets of the world so that equality could be reached a bit more easily. Germany is already good in that regard, they do not need to fear crypto at all.
2144  Economy / Speculation / Re: The Next 10 years of Bitcoin? on: July 02, 2021, 12:24:47 PM
What can we expect from the NEXT 10 years of Bitcoin? speculation in price? Will Bitcoin survive ?
Bitcoin survived for more than 10 years as of now hence I will not suspect about the survival of next 10 years.
Next 10 years for bitcoins might be more interesting than what we had experienced in last 5 to 7 years. I remember there were topics on this forum like "what will you do if bitcoin got stuck at current levels forever" (when bitcoin was trading below $500 levels) but I guess we may not see such topic anymore. But, we will see topics like "will bitcoin test $500k/$800k this month?"

More countries will follow El Salvador in next few years and more number of celebrities might start talking about their success stories on how their enjoying big profits due to bitcoin.

In my speculation, I guess by 2030 bitcoin might have set ATH above $10M levels as I am expecting one million to be tested by the times of 2025 itself.
2145  Economy / Speculation / Re: How come BTC is still so cheap? on: July 02, 2021, 07:25:20 AM
This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!
It is NORMAL for most of us to miss when available and then regretting later on. I am the one had missed bitcoins to grab for less than $30 (not $30k) by the early times of bitcoins; due to lack of awareness about the future of bitcoin, I remained as a fool and then regretting right now almost every day.

I have been watching many people were sharing stories like me and some people were praying for big collapse of bitcoin market so that they will enter at cheaper price levels yet in big volume. They are somehow right but definitely not up to their dreamy levels. Yeah, bitcoin is known for getting us second chances always still we can get only 70% or 80% cheaper and not 200% cheaper.
2146  Economy / Gambling / Re: Stake.com - Casino & Sports - UFC Official Betting Partner - Play Smarter 🥊 on: July 01, 2021, 08:59:00 PM
^^Did this million dollar thing actually made you guys profit or something? Cheesy I mean it is a million dollars, it is a ton of money, I do not remember any place to give away a million dollars before and now we are talking about the same thing once again which will make it two million dollars in few months. That is really an awesome thing and I really did not see it coming at all.

I do believe that it is definitely a great thing but I am worried that it is not going to help stake in the long run, I know a gambler worrying about the finances of a casino doesn't really make sense to many people because we should all be wanting to profit here by gambling and earning which means stake losing, that is the "goal" of gamblers, BUT at the same time I want to see stake be around forever and with millions of dollars given to gamblers could mean something bad for stake if they do not earn enough.
2147  Economy / Gambling discussion / Re: Big companies finally had enough of the excessive tax on: July 01, 2021, 08:15:55 PM
Unsustainable and unreasonable but according to them "ill timed", their whole sponsorships will be effected. This high taxation will also cause gamblers sore.

During pandemic the gambling is a huge income source for them and the government alike. Therefore I do believe that either they should have done it slowly or done it after the pandemic.

They are now asking the government to reconsider it.
It is a tale as old as history itself. If you have a nation that is very bad in financial situation then you have to do something as government to make it go better. These taxes are not there to help politicians, it is there to help the people back, if you keep paying taxes but nothing is improving then why are you paying a tax to begin with?

Most nations in the developed worlds gets taxes and makes their corporate buddies richer with it, in others taxes goes to pockets of the politicians, there is rarely ever a good nation where taxes actually work.

I know it is boring to say this but looking at north European nations you see that they are doing good, why? Because, they are inherently better than rest of the world? Of course not, they are boring same old nation equal to everyone else, only reason why they are doing good is high taxes exists but goes back to population and not in the pockets of someone else. Do that and big companies should be paying even MORE taxes, as long as those taxes actually do help people.
2148  Alternate cryptocurrencies / Altcoin Discussion / Re: What would the ideal cryptocurrency ecosystem be like? on: July 01, 2021, 07:11:36 PM
We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?
I feel like we should not have just one thing that is full of everything perfect. I understand that ETH has an ecosystem, I can see Binance having their own, even tron has their own system as well and they are all fine. We should not look to have just one single thing that is better than everything else in every category, that is not really a good thing because it is eliminating competition.

We should have ecosystems where X is good and ecosystems where Y is good and that way we would have best in different places, and they will fight for your business and they will try to get investors by improving constantly, it is a non-stop thing, you improve one part and then you improve the next without stop. However the most important part of any ecosystem is to have many projects, if there is no interest towards it, it will become like tron where the ecosystem is not used at all, but if there is interest then it becomes like eth and bnb.
2149  Alternate cryptocurrencies / Altcoin Discussion / Re: What happen if US ban cryptocurrencies? on: July 01, 2021, 06:39:46 PM
Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.
Why would they? I mean I understand this is just a hypothetical question so there is no wrong answer, you could say it will ruin bitcoin or you could say it will increase bitcoin, well in fact it will just simply ruin bitcoin because every ban hurts bitcoin, look at what happened after china. However the question in itself is wrong, why would they ban it?

Right now, USA is making a killing on crypto profit taxes and they are allowing people to accept crypto as payment and that allows people to make profit from people who live in other nations, so crypto is getting bigger and bigger meaning giving USA more and more power. They even made Coinbase a legal company years years ago but also got its IPO recently which means regular people could actually own a piece of coinbase if they want to, would USA government allow something like that if they were thinking about banning crypto? No way they would ever do that.
2150  Economy / Economics / Re: When everybody tell you take take risk with money on: July 01, 2021, 05:58:03 PM
confidence is necessary but also do not be too confident without considering the advice of others, but also the decision must be out of our own hands. Many people do not have self-confidence, and are only result-oriented, without knowing the process that people are running. On the other hand, many people feel great and are overconfident, so they don't see news or other people's opinions. and finally lose money and regret
That is the hard part to balance that very well. There is this fine line between those two and when you have that you become a great trader but if you fail that then you become a very bad trader. If you are too confident and arrogant then you are going to end up losing money by making bad decisions trusting yourself way too much with every move you make, that is a bad thing and you should not have that much confidence in yourself and should question every move.

However if you do not have any confidence at all then you will fail to make moves, you will think about making moves but since you have no confidence in yourself either you will make zero trades out of fear, or you will follow others because you do not trust yourself. This is why you should not trust yourself completely but not fear what you may do neither, you should find that balance between them.
2151  Economy / Economics / Re: African regulators warn cryptocurrencies may not be legitimate on: July 01, 2021, 05:08:20 PM
Its not really the worst thing as there are so many worst thing than that but I can't blame the government to warn about cryptocurrencies  since there are so many MLM scams happen in their country and those scammers target the poor guys who want to earn money and just using the word cryptocurrency  just to make people believe that they  are in cool business. Maybe this is just a warning and they will not totally ban crypto since in  other hand for sure they can see the opportunity can possibly give to their citizens.
If you have people in your nation that understands crypto very well then the government should be taking some of them as advisors so that they could help their governments understand what crypto is all about.

If the government thinks that it is some sort of MLM type of deal then they do not know what crypto is and they are making a decision based on something they are not even sure about. That is the reason why nations like Nigeria cannot take the 100% benefit of crypto when they would be the ones that could make the most profit out of it as well.

Think about it, if someone explained to Nigerian government that people could use crypto to earn money from other nations, work for crypto cheaper than other nations, earn a ton of money, help the poverty ridden nation to grow bigger, and all those people paying taxes to help the nation as well, this is beneficial for the whole freaking nation. But government do not see that unfortunately.
2152  Economy / Trading Discussion / Re: How to deal with bear markets on: July 01, 2021, 03:55:11 PM
A trader must know when the right time to enter and exit, in contrast to inventors who only sell according to a specified target. Therefore, it is very reasonable for traders to use stop-losses to minimize the amount of losses, It is true that trading is not only ready to make a profit, but also ready to face losses. Most importantly, the amount of profit earned must be greater than the losses experienced. Good traders must be able to analyze the market well, so as not to be speculators. So if we can plan a strategy well, so that it is easy to become a successful trader, by collecting as much profit as possible.
This is exactly why being an investor is a lot easier. All I have to do is buy at the right time and wait, I can wait over a year if I want to, I do not have to check the prices every 5 minutes, I check them once a day and that is more than enough for me I do not need to recheck it because that is all that I need.

The bad part about being a long term investor is that you end up seeing huge moves while you do nothing, like I bought some under 10k and didn't sell any, I could have sold over 60k and bought back at 30k and could have owned 2x more bitcoins and that is the part where being a long term investor is a big challenge, you end up seeing big moves and some of us act on it and others just watch it.

Trader on the other hand could lose a ton of money during these moves, or could make a ton of money as well, it all depends on the talent, it requires more talent and knowledge than being an investor and it requires a lot more work.
2153  Economy / Trading Discussion / Re: This sh*t ain't for the faint of heart! 😭 on: June 30, 2021, 12:02:01 PM
Being unpredictable makes it beautiful and when we're in the verge of being down because of such plummets, we're also getting that encouragement that it will recover eventually and that's why when investors see the dip. They should act on it and buy it while it's there.
It might seem beautiful for the people who are looking for another round of opportunity to buy more for cheaper prices but for the people who are trading actively and have bought around ATH must be a pain in heart. When we are fully aware of fundamentals of bitcoin then definitely will stay more confident about the recovery of markets so that we might go happily to make use of such dips.

Now the prices are going up again, it's not the best time to get in because the prices will probably go down again more than ever and if that time ever comes probably getting in that price is the best course of action.
Do you have any constructive theory about why market will come down again? If you're saying it will come down randomly then there will be equal chances for market moving toward a new ATH as well. This is the reason you must make use of all available dips rather than waiting infinitely.

I'm sure we no more can see $30k to happen again. At the same time buying bitcoins with all of our capital right away is also not recommended by me.
2154  Economy / Gambling discussion / Re: Economic Costs of Gambling on: June 30, 2021, 10:51:31 AM
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.
But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at  most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.

If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.
2155  Economy / Gambling discussion / Re: Recognizing Gambling Disorders, Symptoms of Severe Gambling Addiction on: June 30, 2021, 07:27:10 AM
risk the friendship to fall apart by suggesting him to go to a psychiatrist, because because in my place people who go to a psychiatrist are identical to people who have mental disorders.
In overall look, consulting with psychiatrists may not be preferred by most part of the world but if we teach about the importance of such consultation then probably we can get rid off those misconceptions about psychiatrists. Psychiatrists also doctors and curing alone is not a doctor's duty but prevention as well.

the symptoms of a gambling disorder or behavior that is classified as severe gambling addiction.
In my opinion, all gamblers are prone to get addicted severely over the time hence we do not need to spot out any symptom or behavior disorder. I mean if you are into gambling then most probably you will get addicted any time soon. Just quitting gambling alone will protect us.
2156  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What do you think about TRX to DOGE on: June 30, 2021, 06:37:30 AM
With the recent growth of DOGE I m wanting to put more resources before the last depreciation of Price and I have made plans to put the recourses on TRON.
Dogecoin is at the halfway toward its ATH journey whereas Tron seems yet to start its journey; if I remember correctly some 2 months back Tron was trading below 100 satoshi and now trading near 200 satoshi which must be a good rise still when considering about its ATH in BTC value, I guess you might need to wait till mid of 2022 to have another new ATH. Dogecoin may hit $1 once BTC gets back to strong bullish mode.

will not progress in the long run and we will likely see a big panic on DOGE investors soon.
It may not happen at least for the sake of real life reputation; I mean dogecoin was not pumped by an anonymous personality but it was done through hard earned reputation of one's life time achievement hence less chances for abandoning in mid way.
2157  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the market build an immune system against meddling from influencer like Musk on: June 30, 2021, 04:48:59 AM
market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
Exactly we do not need anyone to influence the direction of market but due to free and open nature of crypto markets, some people try to control it with their reputation which was built out side of the crypto space. When this crypto space always invites big people and expect them to be participating in adoption of cryptos, those people may try to profits out of their reputation as well. When common individual adopt crypto in more number and trade on their own then these people will fade away.

let those people and their manipulations aside and do not listen to them, this is the easiest solution we have available, it is free and easy to implement.
I do not find it easier to implement because most crypto people are always looking for "signals" on where to buy and what to buy hence these people are easily tricked by highly reputed people and I am not seeing it easier to make such people to trade on their own all of sudden.
2158  Economy / Economics / Re: When everybody tell you take take risk with money on: June 29, 2021, 09:29:53 PM
If you do not know the limits of risk with money, then in any case, you will not have enough money for a long time  Wink Just do not forget one simple thing, that not all people have enough patience to work with small amounts of money to earn as little money when there are a lot of stories about quick enrichment around. Therefore, we can talk as much as we like about limits and about some caution, but there will always be a temptation to risk a larger amount for the sake of getting more profit. Therefore, the absolute majority of people perfectly hear the voice of their reason, but unfortunately they do not always listen to this voice, hoping for a miracle.
That is the problem with all the traders, people fail to see the long term and that hurts them. I believe that I will retire when I am 40 years old, that is 10 years later and I know that crypto will help me do that so I am growing my portfolio as much as I can, mostly failing unfortunately these days but I am trying my best. This doesn't mean that I have to retire in 10 years, I just want that "option" and I could retire in 20 years when I am 50. That way I am leaving myself a huuuuuge long term goal and I do not have to make money right now right away asap, many people think that way and want to make some profit that way which hurts them a ton, because they want to get rich right now, but fail.

I am not denying the existence of people who got lucky and became very rich in a few months, that did happen in crypto, but you do not have to aim for that, you can take it slow and more guaranteed in order to have less risk and more certainty.
2159  Economy / Economics / Re: African regulators warn cryptocurrencies may not be legitimate on: June 29, 2021, 09:04:19 PM
The reason why African nations and media do not like bitcoin or any crypto is the fact that their own people could use it and disregard their fiat, which makes it even more worthless. I am not saying that people should use fiat to give it some power but when a wheelbarrow full of money worths as much as maybe 100 bucks at best, and you leave and start using crypto, that means the fiat that is already worthless will become even more worthless. That Zimbabwe dollar thing is just one place and I do not know what their situation is like now but in places like Nigeria or South Africa the problem is not "that" bad, they are still not leading economies of the world obviously but they are doing fine.

However if you leave fiat and move to crypto only that means those nations which are not "that" bad could become like Zimbabwe as well. So should people live a worse life and wait for politicians to fix things? No of course not, go with crypto and screw fiat, but also understand that governments will not be kind to you as well.
2160  Economy / Trading Discussion / Re: How to deal with bear markets on: June 29, 2021, 05:01:22 PM
The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.
I will not call it "ugly", it is just part of every market still I agree it is a pain to watch the bear markets but when market stays above your buying levels and you are good with fundamentals of market to remain confident about bouncing back of markets then you will be happier on seeing bear markets as you may make use of bearish trend to buy more than than hating and losing the opportunity of cheaper prices.

Let's take bitcoin market as an example; you never need to worry on bear market if you are holding for years because market is not falling back to the beginning prices of this year and it is staying well ahead of last year's prices hence we can simply go for buying more rather than start feeling pain about falling prices from ATH levels.
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