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2141  Alternate cryptocurrencies / Altcoin Discussion / Re: the state of cryptocurrency is very difficult to predict on: February 04, 2021, 03:49:13 PM
The year of the whale is happening again in a very difficult situation, we predict in crypto more and more coins that have good potential for the future of crypto, now we can only sell or buy altcoins that are in CMC which in our opinion is worthy of long-term and long-term intersections short, to analyze a coin is a big mistake in selling and buying crypto, we can only rely on enthusiasts in each market to imagine every coin price
Good projects are again rising in this industry unlikely of what happened after the ATH of Bitcoin wayback 2017/18 wherein most of the projects are failing. Good coins are now making trading again, a profitable way in this industry. So the question now, is it because of the enthusiast that we are seeing huge uprise movements regarding projects nowadays? Well, it may really play a role since it is popularity we are talking about, also a factor with the demand on a certain coin. But it will be hard to determine exactly the reason, also makes market prediction harder at this time. Volatility is the main key.
2142  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin is like planting trees on: February 04, 2021, 03:11:31 PM
Difference is the assumption towards the 'product'. Planting trees will just make a tree out of the seed, as its assumed outcome. For sure this comparison refers to profit from investing to Bitcoin. A misconception for years already. the market value is not guaranteed to always increase, in a consistent manner, as years are passing by. We are not also assure until when will its market value increase. Unlikely with planting a tree because there is a higher tendency for its height to be taller because that's how it is supposed to be, in the first place. So, is Bitcoin's market price meant to be more expensive?

A very interesting comparison. Of course, buying bitcoins is profitable in the long term, but now investing in cryptocurrency looks a little different than 10 years ago, for example.
Exactly. Unlike before, its market price is still low since it has just been introduced to people. But at this moment, more people are now using it, so maybe its progress won't be as big as before.
2143  Economy / Economics / Re: Bitcoin - Institutional Investments in 2020 and beyond on: February 03, 2021, 11:09:48 PM
Good to know that more and more Institutionals in the game. However, even more of them are shorting btc according to stats

Pandemic has helped them to think out of the box and rather than just investing in traditional assets and method they have started considering bitcoin as a good option now. This will help them to diversify and bitcoin will get the boost as now considering few institutions have purchased other would follow the same.

Not really thinking out of the box, these institutions just observed how fast this technology's popularity is spreading across different countries, and they just made use or took advantage of it, by engaging as a third party network securing taxation in every transaction by means of higher fees, compared to traditional exchangers. But it is somewhat of a win-win situation. They will benefit from "adopting" this technology, while this industry will benefit in a way that these platforms will help spreading and enlarging the trust to use cryptocurrencies. Hoping that someday, more people will benefit from the use of this technology.
2144  Economy / Services / Re: [OPEN] Freebitco.in | Tradeable Token Signature Campaign ~ Hero/Leg 11x spots! on: February 02, 2021, 04:32:15 AM
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=665309
Current amount of posts: 2313(including this)
bech32 BTC Address: bc1q5ngjg7jtpn060qexldlca8vdp6k20hyls897qx
Amount of EARNED merit in the last 120 days: only 2

Will still try my luck to participate in this project even if I lack one of the requirements. Hoping that I will be considered to work for this project, thanks!
2145  Economy / Economics / Re: Can you put your investment motto in one sentence when you enter the cryptocurre on: January 31, 2021, 11:27:15 PM
"Never allow losses to be permanent"
I do believe in this logic especially in this industry. Whenever the market price of cryptos are falling it is not completely a loss simply because the amount of crypto you have invested is still the same, it is just its value which is decreasing, temporarily. Therefore whenever the price is falling, there is only a partial loss. Losses will only be permanent once an investor chose to give up and sell already. And that would be a bad idea. Keep in mind that you entered this investment in order to earn profit. Always remember the purpose for doing something.
2146  Bitcoin / Bitcoin Discussion / Re: 4 investment strategies to make Bitcoin less stressful on: January 31, 2021, 10:44:20 PM


*Vary from btc into alt coins

diversification will be a good idea with one's investment but it won't be less stressful. This will only be a good idea if you will be having the right choices but if you will just choose coins which are just popular in this market, profit won't be always earned since there is an inconsistency regarding the price movement of cryptos having no correlations at all. Efficiency of this strategy depends on the variation of your investment. But it will be hard to avoid losses in any investment so maybe, it would make it less stressful, somehow, if you will also set a stop loss.
2147  Economy / Speculation / Re: Most dangerous Bitcoin monthly closing candle on: January 31, 2021, 10:08:01 PM
But the fact that there's no onsistency in this market, already breaks the assumption that this day will be the last day of the 'bull', simply because the same thing happened on the previous ATH. I do understand the idea. People are just anxious of what happened before wherein many expectations were made back then but the opposite happened. And to mention, bearish market lasted for more than a year which even made some investors to quit this industry just to cut their losses. Those who stayed despite of their losses before have surely redeemed and probably have earned profit on the recent ATH. And this is also the new idea on both bullish and bearish market.
2148  Economy / Economics / Re: Fiat and cryptocurrency on: January 31, 2021, 04:28:39 PM
There’s a lot of pros and cons both with fiat money and cryptocurrency, but logically if everything goes well Cryptocurrency should be the best option but since it is still not legal on many countries, many are still force to use fiat money. Only if we have the chance to choose what we want legally, I’ll go for cryptocurrency and I also hope that this market becomes less volatile so it can be more less risky and can be good for small time buyers.

The thing with crypto currency is that in 90% of the time they are superior to the old fiat currency. It would be best for all of us to switch to cryptos and don't use FIAT anymore, however if the country goes into a crisis it might be more difficult. If there are problems with the Internet, electricity or food supply it could happen that merchants prefer real cash the can hold in their hand. Physical money however has on the value the central bank is guaranteeing.
I doubt that cryptocurrencies are having that much of an advantage over fiat currencies knowing the differences each of these currencies possess. In terms of support from different countries and governments, fiat has the advantage as well as a  medium being used in daily transactions. It is also having less volatile market price which makes it not surprising to know that it is more supported since it is not having that much of a risk as a mode of payment. Cryptos on the other hand are also profitable while decentralized, avoiding taxation and promoting faster transactions at the same time.
2149  Bitcoin / Bitcoin Discussion / Re: Crypto and btc Don't need Fiat for one Reason on: January 31, 2021, 03:48:33 PM
Bitcoin is having no relation with fiat other than convertion ratio. Electricity I think is a broad thing to relate with crypto while distinguishing its independence towards fiat. I guess it would be suitable to say that Bitcoin is DIFFERENT from fiat because it is decentralized. Many things, or maybe most of the things will be affected by the means of electricity including media, and other things in this world. Most of the thing works because of this innovation called electricity. It is not only digital currencies which will be affected but almost everything nowadays, I repeat.
2150  Bitcoin / Bitcoin Discussion / Re: Bitcoin VS Gold - What is better for long term investors? on: January 31, 2021, 02:58:44 PM
Consistency with the profit will still be in Gold investment. Indeed the profit from Bitcoin investment is bigger than in gold but if it is assurance, I'd suggest gold because it is having a less volatile market value. But it would depend on the preference of an investor whether he would choose risk but with bigger profit than to play it safe with a smaller one. Many people earned huge profit from bitcoin investment but surely, fewer people have big losses in gold investments. Each of these investments has their own advantages and it depends on the investor to choose which one would be best.
2151  Economy / Economics / Re: Would another war in the middle east affect crypto on: January 31, 2021, 01:14:13 PM
I think it would more likely affect people in that area which are involved in this technology, perhaps investors. But I doubt it will affect this industry in general. My proof to this is this pandemic when it has just started. Many people are assuming that it will negatively affect the market but no thing's really been affected except for those people in China who were highly affected by lock downs, but still no thing's severe. Although these are two different situations, I think the result will be somewhat having similarities because both problems are assumed to affect areas within the problem.
2152  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: January 30, 2021, 11:52:30 PM
Good for them if trading is really helping them out. But if it just making the situation worse, clarifications on the risks should spread to those people who are completely relying their fate with regards to cryptocurrency trading.
Trading stocks and assets is the go to of many in earning ridiculous amounts of money. This is true and it is just recently that Africa started to adopt this money-making strategy. That being said, one has to be aware that this strategy is not as financially securinh as let's say a 9-5 job because there will always be a factor of loss yiu should consider, but all of that in mind, you'd be a great trader and once you're done with it, sell a self-written book, and wallow in your passive income.
Stability of an income is a necessity in order for an individual to survive day by day expenses. Indeed huge profit could be earned from cryptocurrency trading but things will not always and consistently be on your side. There'll be times of bad trades, bad market, and other bad decisions. What will save you from these situations is a stable income from a job.
2153  Bitcoin / Bitcoin Discussion / Re: Bitcoin can play tricks on your mind on: January 30, 2021, 11:25:29 PM
Yeah had these scenarios for 7 years and haven't cashed out a bit. HODL!
Indeed! If you are that worried about something, let it go. Do not wait for that thing to consume you afterwards. 7 long years were surely tough.

 What you have experienced are also evident to other investment and even in gambling. That's simply taking the risk. But I want to know, have you earned your profit yet? That should be the highlight in order to be inspirational in the eyes of other investors especially in this industry.
2154  Economy / Speculation / Re: Will bitcoin remain the biggest cryptocurrency at the end of 2021? on: January 30, 2021, 05:27:17 PM
This thing is quite having a higher tendency to happen more than  Bitcoin reaching $100k this year for other Market analyst. Bitcoin managed to have large community of its users sine it was created. Why do I believe to such claim? Try talking about cryptocurrencies to some of your friends having no idea of what it really is. Chances are high that they will mention Bitcoin as an example, or to some cases people are referring to Bitcoin representation of the cryptocurrency market in general. That I think is how popular Bitcoin is. There is even a tendency for a coin  to be killed by the hype of Honda Wave.
2155  Economy / Speculation / Re: Are you buying right now ? on: January 30, 2021, 04:48:14 PM
If I had extra money, I would definitely buy Bitcoin, because buying Bitcoin now is not a problem in my opinion. Because the price of Bitcoin will
continue to rise, so as long as we can be patient, buying Bitcoin at any price will definitely make a profit. Because Bitcoin is an asset that has
a very high risk, buying Bitcoin must use the money that we can afford to lose. So when the Bitcoin price goes down, we don't have to sell it.
We can HODL it until the price goes up again.
There's no basis supporting that it's market value will continuously increase. Holding it as well, alone, will not generate that much of a profit unless you invested at its early years. It is quite hard to believe that its market value will be able to increase that much given that its market price is already expensive. So I'd say it will still be gamble perhaps investing at this point, whether its price will still be able to be higher or not. But if you still choose to invest, no one will prohibit you to do so. Just analyse the market in order to avoid regret if things will be happening not having accordance to your expectations.
2156  Bitcoin / Bitcoin Discussion / Re: This is how mass adoption looks like. on: January 30, 2021, 03:13:18 PM
We can't use bitcoin for mass adoption when there's no 3rd party application, simply because transaction fee is high and confirmation takes too long.

What we need is instant confirmation as people buying products does not want to waste their time waiting.
Why people are adopting in bitcoin or crypto for massive adoption is not because of its technology that is decentralized, because they are looking for a more convenient way and cheaper way of payment, and that is not present yet on crypto.

Businesses can implement Lightning Network. This way transactions are made in an instant and the fees are insignificant.
If you ask me it is quite convenient to pay in fiat as it is. I mean you just need to approach your card or your phone to the PoS and you're done. That's as straight-forward as it can get if you ask me.

The only thing that annoys me is that we need to trust a third-party entity to hold our money and facilitate payments. So for me, decentralization is the main selling point of Bitcoin in terms of making day-to-day payments.
'coz that' s how regulation works in the first place, in contrast with decentralisation which is in nature of Bitcoin and most of the cryptos. In order to alter its nature, there would be a manipulation, which is in this case, regulation through third party networks. But regarding adoption, this technology is still questionable to countries still, not being certain of the actual reason but we just cannot force things. Let us be glad that this could be a huge step towards real adoption, wherein in such way, more people will be able to build trust accepting this kind of currency.
2157  Bitcoin / Bitcoin Discussion / Re: How bad will the bear market of 2021 get? How low will BTC go? on: January 29, 2021, 11:05:34 PM
Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?

The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?


Looks like another ATH coming soon not a deathblow to me now

This quick rise from 32K to 38K pump is very suspect, and hardly sustainable, its an Elon Musk stunt, probably wont last very long before it starts to fade away again.

Its one thing that he is bullshitting around with Doge tweets and such, but what about the losses some face when acting on those tweets and end up losing money because of it.
A huge increase happened and that's what making the situation quite messy. Many people are torn between holding at this moment or selling already due to what happened. The expectation is that the price will continue to fall as a consequence on the achievement of ATH this year, also, a price cut happened already which gave this assumption. If the market price will be playing around $36k for a week, then that will be the time which supports investing even at a high market price because there is a tendency that the market value will continue to rise.. But do not rely that much because nothing is certain in this market.
2158  Economy / Speculation / Re: BTC is up $4500 in 30 munites? on: January 29, 2021, 04:29:34 PM
Not enough I guess to conclude that the market is now again in a bullish run. If this would last for a week then there is a chance but if the price will again fall in a sudden, we cannot do anything about it other than  to be patient with things in this market. But I highly doubt this one, such high rate of increase to conclude? that won't be valid. But if you really do think so, then you are free to make actions regarding your analysis toward this market or technology in general. But if you will base on its nature, there is a chance for the price to again fall making this increase, a temporary one. So for now, it would be better to wait than to conclude as this early.
2159  Economy / Speculation / Re: Will Bitcoin reach $50k by the end of 2021? on: January 29, 2021, 04:05:28 PM
Isn't it too early to make such speculations? Well, at this moment it is more likely to be speculated that the market price will be able to reach $50k of a market value at the end of this year since what happened recently, is still fresh in our minds, when Bitcoin reached its ATH. But things will be different as months are passing by this year wherein we will be having idea whether the price would be able to recover or not, given that there are also negative assumptions as to what happened before, way back 2017, wherein the market price of it remained in the low end for more than a year.
2160  Economy / Economics / Re: Are Cryptocurrencies Really Money? on: January 29, 2021, 02:58:01 PM
It can be said that Cryptocurrencies are not cash at or not just like the notes you know and utilize ordinary. Your cash got an steady esteem and supported by gold, more often than not. Fiat can pay any esteem indeed in cents for a something in cash without exchange charge. Whereas cryptocurrencies you can't do such things. Cryptocurrencies are not cash these are resources, a bit like gold, land, You invest on it in arrange to win a few benefit and fair hold them. Be that as it may, you'll be able exchange these resources for other things. But cryptocurrencies are not the genuine cash at or not appropriate presently, may be in future.


Somewhat valid. But to how I understand this technology, it is what it is being used for. I do believe that Bitcoin and other cryptos are created to be a digital currency which is an alternative to fiat currencies in order to promote convenience regarding faster transaction. Another things is having no tax in transactions as we all know. But maybe, since many governments are still not allowing wide usage or acceptance of cryptocurrencies people made use of it in other way. Since it is also beneficial as a currency it left an idea to new users on its nature of being an investment. Which gives misconceptions into it. But whether it will be used as a currency or investment, either way would be fine.
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