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2141  Alternate cryptocurrencies / Altcoin Discussion / Re: regulating cryptocurrency on: September 22, 2022, 05:29:59 PM
There are different aspects to this, as per my understanding.

1. They can screen the exchanges through which money in going and keep track using KYC. Difficulty is that too many exchanges are running and more coming up as well as DEXs which cannot be monitored like that.

2. How to regulate? Confiscate and then prohibit the person or punishment for owning that currency. This is a difficult legal approach.

It is possible that governments may come up with something new, lets hope for the best.
2142  Bitcoin / Bitcoin Discussion / Re: Why do you think bear market is affecting Bitcoin (Crypto currencies) so badly on: September 22, 2022, 05:18:30 PM
People who have no good concern/gratitude, are just people who don't have confidence in their Bitcoin assets. I assume they have lack knowledge about Bitcoin, and don't realize the potential of Bitcoin future. While for experienced investors, must thank to bearish market because they have a chance to buy as many as Bitcoin at a cheap price. Without bearish market, investors can't get a chance to buy Bitcoin at a very cheap price.
They can buy at cheap prices but will not be able to sell at high prices is the bull market does not that. That becomes the point of interest here, since these investors are only looking for quick gains and not simple gains like us.

Bitcoin's potential is to become an alternative mode of payment and it has reached that but some one will always complain about something new they expect but not find here. Just market prices which affect bitcoin's reputation cannot be corrected easily.

I am sure those who understand these things will invest in bitcoin without a doubt.
2143  Economy / Gambling discussion / Re: Casino and prisons on: September 21, 2022, 11:32:46 AM
Gambling in different forms is prevalent in many correctional homes and centers, in unofficial modes and word of mouth. Therefore it is not surprising to see more such events happening again and again.

I am not sure about the addiction tendencies of such inmates, it is expected to be higher than the normal population and whether this is a good practice.

Still it can be a source of entertainment and fun if done within limits by inmates.
2144  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: September 21, 2022, 11:26:34 AM
It will all depend on the returns that Bitcoin and digital dollar will give. Digital dollar is more like a stablecoin which is suitable for risk averse individuals.
A digital dollar is a stablecoin. There is no question of return coming for that, but to be used only as a stablecoin or just like anoher fiat money payment mode.

If Proof of work miners are prohibited they will move to other countries. There are bypasses to such problems and mining would not stop. Again a CBDC will not change the entire scenario immediately. There will be gradual change in the people's minds and then the coin might see some movement. Whether people use the CBDC or crypto will come to picture only then.
2145  Alternate cryptocurrencies / Altcoin Discussion / Re: How I feel about play to earn games on: September 21, 2022, 11:21:36 AM
A lot of things are required to make a game addictive but giving money in return for it is one of them. Besides most of these coins are not worth the money and hence the main essence is the game and its content.

While major P2E games have never attracted me yet, I am of the opinion that these games are mostly aimed at a still you get audience and not the mature ones who are knowing how to make money in real. Bitcoin faucets could be one thing that was similar but they have long gone dry.
2146  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin on: September 20, 2022, 09:29:30 AM
i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho
so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??
Specifically for Bitcoin mining, to be able to make a decent ROI and profit, you would need to compete with the hashpower delivered by the biggest pools in this world. For that you would need a comparable mining facility that includes not just ASICs but also electricity, cooling methods, maintainance and manpower. Not to mention an open plot to run all these.

So if you can afford all that you could go for mining. But most of us cannot and hence we prefer to buy Bitcoin when it is at the lower average prices to hold for long term.
2147  Economy / Trading Discussion / Re: What's next for cryptocurrency? on: September 20, 2022, 09:25:39 AM
Crypto currencies can go through bearish trends for a long time. A variety of analysts and crypto experts are in that thought. If the global economy is in recession then crypto will not perform very well in the coming year.
We can only wait and watch while increasing the stack in our bags for crypto while the economy recovers or goes down the drain. There are people hoping for crypto to go up and they are buying it for the same so all is not lost ever.

Bearish trends for long has its toll on the traders but these are the part of the cycle. When the bullish trend starts then people would start complaining that prices are too high to buy anything.

Let any crisis bring the prices down, treat is just as a number and take decisions on that.
2148  Economy / Trading Discussion / Re: What do you guys think is the best crypto signals group on Telegram? on: September 20, 2022, 09:20:16 AM
I think most of the people who give telegram channel signals are mostly scam people. I think it is better not to do this telegram to avoid all these scams.  It will be better if you decide with your own wisdom
True the ones spreading these scams are probably involved in the scam too. While some users are trying to genuinely help people and might spread these scams without actually knowing what is going on, most are a part of the scammer group.

In fact running such groups is so easy and the blanket of lies is so easy to create on the internet that such groups are rampant and hence so many newbies fall for these.

They are eager to make money but they want it easy and that is what they make a mistake in.
2149  Alternate cryptocurrencies / Altcoin Discussion / Re: To all 100x hunters out there on: September 19, 2022, 05:08:07 PM
While it is true that new coins have greater potential, they are labeled as high risk due to their inferior fundamentals. But regardless their age, all coins carry the same significant danger. The benefits of buying in older coins is their dependability. The major goal is to avoid losing money, and if you were successful in doing so, you will typically be able to turn a profit as well. However, compared to fresh coins, the potential profit from such coins will be far lower.
Correctly said, older coins are ones you know will not drop so low as yo give you a loss and stagnate there, because the community behind it will buy and raise its prices, additionally there are always whales ready to buy that.

For smaller more recently launched projects pump and dump becomes a big problem for those trying to hold it for the mid-long tern. Of course the second one carries more risk and hence the popular number 100x being given.

Truely, 100x is a pipe-dream and not realized in most cases. Just like the jackpot of a casino, we dont see this happening everyday, so better to keep your expectations low and buy bitcoin.
2150  Economy / Trading Discussion / Re: trading is good for traders with passive mindset on: September 19, 2022, 04:58:16 PM
The main thing needed for chatting is to have patience if you lose patience you will never improve you will always lose so I think first of all you have to be patient to trade then if you can make your trade  Then one will be good for you and if not you will have to face many hurdles
Patience is important no doubt, without it anything in this world becomes difficult. Trading is one place with both patience, budget management and quick decision making make a difference.

In a passive way, you have to be patient or you will miss out on good buy/sell prices. Like currently the price of bitcoin is on the lower side, but buying pressure is there, so you can buy, but lower prices are also possible.

Trading by itself is a tricky process to master and no trade will ever be a loss in spot trading if you are buying bitcoin at a lower than average price.
2151  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How Profitable Are Altcoin-Based Signature Campaigns? on: September 19, 2022, 04:10:39 PM
As we know, it's hard to join a bitcoin-based signature campaign posted in the "services" section. As seen, there are plenty of altcoin bounties that most forum users are trying to participate. Can you say that these campaigns are profitable? Or have you had the chance to join a signature campaign (altcoin bounty) that you found very lucrative in the past?
I dont think it is hard at all for those who have a decent understanding of how bitcoin works and knows how to keep their head cool. Besides if you dont have a flair for writing, this type of hobbies will take up a lot more time and pressure on your head.

While there are many users who join altcoin paying campaigns, I am sure you can go around asking, most of them have not been happy with the delays in payments, lack of pay security and the uncertainty regarding the price and dumping on exchanges. Often the entire project might get abandoned and you will be left with a bag of shitcoins. I have joined a few bounties in the past besides a running signature campaign and my experience has been little worth sharing.

So I would suggest you to get a better understanding of how to write in the global threads and then apply for bitcoin paying campaigns, because these are the gold-standard of campaigns here.
2152  Economy / Trading Discussion / Re: What's next for cryptocurrency? on: September 17, 2022, 10:18:12 AM
it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.
The market is in bearish mode with slow correction happening, but bearish indeed. Hence at the point holding and waiting it out seems like the best method to proceed. Buying should be done if the price drops but carefully being expectant about more drops. Uptrend will take some time once the correction allows a gradual bullish trend to start, but should not be the focus for now.

It is best to avoid the market on such days, wait this weekend out, we might see better movements from Monday.
2153  Economy / Trading Discussion / Re: Trading and financial planning. on: September 17, 2022, 10:03:14 AM
Their no two way to think about it, because it's obvious that health are the one of the primary things that gives us money, because when you are not health fit, it's very clear that you will be unavailable and unable to do the needful at appropriate time schedule. Using some of our forum mates and Cm as example, when your health status is poor nothing will make you to function well, so irrespective of your engagement and how much someone realize weekly and monthly our health should be the primary thing to work on.
Health is wealth my fellow forum mates. Dont ignore that and only focus on making money, it will not work. Being engrossed in trading while ignoring your own health is deleterious over the long term and hence there needs to be something to keep these habits in check.

There are people who enter trading with an ambitious mindset but get trapped in their own web of expectations. But dont forget that the friends, family and your own health have a big importance over your productivity.

Not having a healthy lifestyles leads to many problems that could be prevented and dont let making money start one of them.
2154  Alternate cryptocurrencies / Altcoin Discussion / Re: To all 100x hunters out there on: September 16, 2022, 11:09:55 AM
To find the next project that can go up 100x like Cardano, XRP, SAND, etc of course it is difficult, I prefer to invest in strong coins that have great potential to be the next 100x, and for new projects then I prefer to keep in the short term.
The strong coins are the top 5 and not the rest. Newly launched projects are never going to be as big as Bitcoin or ethereum. These coins can go 100x, no doubt, but truly speaking this is a difficult to make prediction.

There are easier to make decisions, like buying Bitcoins. But few people actually make such easy steps.

Buying and selling are a part of the trading process and selling for a profit is not wrong. So you should sell and then buy back at lower price in order to continue the cycle with the market.
2155  Other / Beginners & Help / Re: How can I earn from cryptocurrency as a starter? on: September 16, 2022, 10:59:10 AM
As a starter first you have to learn about crypto. Their mechanism and use to this advance society. If you understand any project very well you can invest in best of projects. Altocoin now in very bad position you can trade and make money. You can do airdrop and bounty to earn free cryptocurrency.Take part in exchanges promotion. There are  way to earn money.
 Bounties and all are never going to give any useful outcome for a newbie.  These things can help bring a learning experience if they take part in signature campaigns.

Promotions or not they are useless in generating any profit worthy of keeping. Exchanges only keep their own profits before launching such promotions.

Don't expect profits coming in every mode of earning. However new projects will always be less profitable than any old projects over long time. Hence buy Bitcoin and keep calm on your holding.
2156  Other / Off-topic / Re: Why full time to crypto why not to Skills on: September 16, 2022, 10:42:55 AM
Competition in the e-commerce and freelancing business is already very tight, so many people turn to side jobs that do not have much competition and only rely on skills and analysis such as trading.
I think freelancing can be done in most jobs that have a good demand but trading is mostly a side hustle, not a job. Competition is always there but if you have passion for something you will excel in it. Some people have skills in specific department and they apply it nicely, such cannot be said all the time for trading.

No method is easy to make money, it is only easy for those who have skills and passion in it.

I think it is better if people focus on a main job and keep trading on the side.
2157  Bitcoin / Project Development / Re: Crypto investors ? We need you ! on: September 15, 2022, 01:33:02 PM
A working version or a demo version of this app you are developing would attract a bigger group of users to run this survey.

Unfortunately, it is rare to see actual crypto investors unlike the angel investors seen in the mainstream investments, because crypto is a niche sector and people prefer being discreet about their investments and not share much about their portfolios.

Major big investors here dont even visit these forums, but focus on their work.

But I am sure some self-boasting kids will wish to do the same and you will get a decent number of users.
2158  Economy / Economics / Re: MONEY IS THE MOTIVATING FACTOR, what do you think? on: September 15, 2022, 01:16:19 PM
It can be said that at this time the real king is money, people do anything of course with the motivation of money, even many people commit murder, war and other crimes, of course the biggest motivation is money, but we who can think smart will certainly make money with things that do not violate religion and law.
Smart work and not hard work is the key here.

Of course, you have to pay for your daily bread using money and the hunger pangs are the reasons why people turn to the evil side in trying to make money when in utter bankruptcy. Money should only be a mode of transactions, human relations have a much more important part in life than money itself. Financially, nobody is free till the grave, so accept the income that one gets as a blessing and use it to spend on things that you need and want.

There can be a control over the greed and that is important here. This can control corruption and bribery but in most places this is difficult to attain.
2159  Alternate cryptocurrencies / Altcoin Discussion / Re: Rug pull scams on: September 15, 2022, 01:06:46 PM
The trade-off of investing primarily in more established assets: While cryptocurrency, in general, has seen periods of rapid price appreciation, the highest rewards may come from new projects where the risk is also higher. Newer projects don't have such a track record, which means there may be vulnerabilities that make it possible for their organizers to siphon value away from investors and keep it for themselves.
The major profitable coin has been bitcoin and the major losses have been incurred by any shitcoin that you have seen in the last 6years or so. In no manner, has there been a correct trade-off, but only for the shills and advisors who pumped and dumped those coins.

The reason behind this is the lack of a proper market making property of such coins - the ability to generate a demand/supply non-equivalence so that the buying of such coins from exchanges exceeds the selling. If the users dont see any use of that coin, they will not buy it. If it solves a real life problem, they will buy it and use it.

Just because they dont have a track record, does not mean they are good. This is more applicable to the crypto market where scams are so common. You can find occasional profitable coins but only for short periods.
2160  Economy / Trading Discussion / Re: Is trading gambling in another form? on: September 14, 2022, 07:16:56 AM
Trading is like gambling so I will not be surprised if some persons that are not traders will hit me up and argue it that trading does not look like gambling. Trading is very risky just like we gamble on something that we thing we are going to win. If you place a trade, it means you are betting that the coin you are holding is going to move well whether upward or downward based of your direction.
Betting on the coin to go up or down is different from buying that coin at low price and waiting for it to go up. The first one sounds more like leverage while the second one is spot trading. The first one is a type of gambling while the second one is not.

Depending on how a trader approaches the market, of they are getting engrossed into the trades so much that they are losing track of family and work life balance, this becomes gambling.

Still it is possible to keep trading limited to spot trading and not allow it to becom gambling. But this differs and those who become addicted need to avoid trading.
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