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2161  Economy / Trading Discussion / Re: Top 5 Ways to Earn Crypto While You Sleep on: December 11, 2019, 06:47:18 PM
Everything that you have said are good except that I don't prefer having lending in cryptocurrency, I know that lending is profitable but it is too risky especially if you want to lend in anonymous people. So, I wouldn't recommend that especially to those who are new in crypto or here in the forum. Better to trade and stake with that you are handling your own fund.

Lending is risky, you're absolutely right. However, going through the proper channels can minimize that risk. Either way, it's worth investigating.
There are borrowers if you visit lending section who are able to provide some valid collateral in the form of stable altcoins and if you can find such borrowers regularly then I believe even small interest works great because you are literally at 0 risk and at least making something out of your idle coins.

No collateral loans are risky but if you see a member who has been trusted and doesn't often ask loans then you might risk your coins and actually make a good profit from it.

@OP nice few methods and I love the staking one too!
2162  Economy / Trading Discussion / Re: How to learn bitcoin trading? on: December 11, 2019, 11:36:56 AM
You must know what trading platform are you going to use first, then you must also review the coin you are going to trade for. Once you finally know what it is, of course you need to learn the basic things about in trading, learn how to read candle stick, or reading in the graph between buy and sell method.
Also note the fees charged by your platform because I have noticed some platforms are charging higher fees than others and since trading is all about margins so make sure you are not paying too much fees every time you make a buy or sell order.

Apart from that there are a lot of things one needs to learn when getting started with bitcoins trading because the market as we know is much more volatile than what you would normally expect and you must be sharp to recognize this and make use of the volatility instead of getting trapped because of it.
2163  Economy / Trading Discussion / Re: Do expert traders hide their loses? on: December 11, 2019, 05:39:35 AM
I beleive they are covering some of their losses but that is bad. Maybe they are afraid for their reputation but on.that way they represent the wrong picture for amateur traders that crypto trading is only profit or maybe just a smaller loss. That is why many think trading is fast and easy money and we are all.aware that is not true.
reputation for experienced traders is very valuable, I think all traders have experienced losses. it's just true that it is covered because if it gets opened to the public it might make doubt that novice traders will start trading for the first time. so this is like a strengthening strategy and motivation for other traders
I think more than hiding losses .. reputed, experienced and more importantly successful traders always analyse their mistakes and focus on not repeating them in future. It is okay to make bad trades but its important to learn from each trade and that's where good traders are differentiated from bad/inexperienced traders.

As long as we learn from our mistakes we will improve in trading and on top of that I will suggest that once we start learning from others mistake then we will the best traders because all the great investors/traders have learned from others mistakes and that saves a lot of time and potential loss but that requires some great knowledge and market awareness.
2164  Economy / Gambling discussion / Re: Do you consider gambling to be a "fun activity"? on: December 11, 2019, 04:54:41 AM
Yeah, even I don't get where is the fun at lossing. Some says they only deposited small amount because they are just playing for fun. Like wth, they only deposited small amount but keep on coming back and trying to win everytime. They are just pretending to be tough and can't admit of their addiction. Once you go into casino, online or physical, your main goal is profit and not just for fun wether your bankroll is big or small. I don't believe in fun thing alibi.
No matter what anyone says there is no FUN in loosing money whether its gambling or anything else. Anyone who gambles deposits money expecting that his predictions will be right in sports betting or if playing dice or other instant games then they must be feeling lucky.

It does not makes sense having fun in loosing money instead consider it like smoking, you feel like smoking not because you want to hurt your body but you are just addicted to it find a reason to smoke and similarly you feel lucky at times and want to gamble. Otherwise, there is no FUN in loosing money and even if you find free money you don't want to loose it.

Gambling is for fun and only for those who can afford to lose money, its given that when you play you will lose so don't focus too much on your expectation to make money. I do have fun even if I'm losing money because I go to casinos for that purpose and will never regret it. Gamblers should always know their limit and stop the day dreaming of winning big.
Regretting is something else but if you ask yourself had you ever felt funny when you lost a bet?
The answer should be a strict No because trust me it's very obvious to feel upset and dejected when you loose even a single satoshi not because you cannot afford to loose that but because you made any bet in expectation of winning. I mean anyone of us would be happy if we buy bitcoins and the price is going down? Obviously no because we expected the price to go up.

I honestly feel such threads are useless because it does not even make sense to ask people if they have fun when they loose money when even a immature kid knows that there is no fun loosing money or assets or even time which I felt I lost when reading this thread.
2165  Economy / Economics / Re: The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers on: December 10, 2019, 01:59:42 PM
Nah man, Quantum Computing is no longer a theoretical subject, there are a few companies that are working with Quantum computers right now and these includes IBM, Google, D-wave, IonQ, and Rigetti. Google have achieved that for sure and I think they were the first to achieve because I remember a tweet that they were testing out the Quantum computer with NASA and it was called the 'D-wave 2', D-wave the Quantum computing company was also part of the test program.

So this is no joke, it's real! Quantum computing has been achieved. For now , I think it's only companies that have been getting their hands on it, maybe by next two years individuals will be able to access it.
2166  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: December 10, 2019, 10:56:05 AM
The world economy keeps crashing with many incidence of inflation. What is happening at the moment is  a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good  if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
They should be blamed for bad their economy is, especially their governments should be the ones taking most of the blame. If you check out these developing countries you will notice that their government is very corrupt. Most of them don't do things that would favor the country in general, because they are bent on pursuing their own personal gain rather doing things that would help the country grow.

Lots of them steal money from those countries and push them abroad to developed countries, why won't their countries fail? The worst part is that the foolishness of their leaders never end,they still continue their greedy, corrupt practices and the way I see it these countries may never be developed (of course, that's if they never change).
2167  Economy / Trading Discussion / Re: Altcoins or Bitcoin? on: December 08, 2019, 01:01:07 PM
I don't think Altcoins will gain a higher market share than Bitcoin. Although Altcoin has many technologies and applications in practice. However, choosing altcoin to replace BTC is a long way. BTC alone has fought nearly 70% of market capitalization.
Altcoins came intro existence because of bitcoins so yeah they will never be able to match or get close to the market capital being held by bitcoins. I still think that altcoins are good as long as they come in good numbers and come with a solid plan like ethereum and few others.

I prefer trading in bitcoins still because of the solid nature of bitcoins and the price. I know bitcoins price fluctuates a lot but compare with alts and you will get an idea of what I am trying to say. Altcoins are good but only if you have done enough research about the coin and the team behind it.
2168  Economy / Trading Discussion / Re: Are you holding Bitcoin? on: December 08, 2019, 09:55:26 AM
Before, I hold many bitcoins but now I do not have bitcoins. I do not hold bitcoins because the market is red where it consists of lower highs and lower high. I'm a momentum trader and a trend follower where I will only hold a coin or a stock if the market is bullish where it consists of higher lows and higher highs.

True, that the market now are not in good condition and also I am a holder too that always positive and always observing the situation of the price. but now it is worth to hold bitcoin or not? I am not the one who can answer it. for me, I always engaged with the good news and trend so couldn't lost any big amount. it's a suggested idea that always dependent on with the bullish market to gain as always.
We need more holders like you to stand strong.
But if you ask me, I try to earn and buy BTC as much as possible and save in my wallet. It's like my life savings are in BTC now and when I see price abnormally high, I just sell 10% of my coins and then again start collecting.

This has helped me a lot because I hold my bitcoins now and don't have to worry about price changes, earlier when I was into price-trading I was very tense and check markets all day and get worried if I buy on high and sold on low
2169  Economy / Gambling discussion / Re: What are crypto casinos/dice houses not caring about multiple accounts. on: December 07, 2019, 12:40:52 PM
I have made many multiple accounts on primedice when it was started but the intention was just to use 1 account as a bank and another to make bets and I never used these accounts for faucet or any promos.

I always felt making a new account and betting was more lucky for me so I often made new accounts and actually that time in chat moderators were absolutely fine with it since no promotion was being abused and hence everything was good but now a days I agree that since promotions are there, it's just better to make a single account and bet with it.
2170  Economy / Gambling discussion / Re: How much of your money only needed for gambling and others is for family on: December 06, 2019, 06:37:14 PM
Before you allocate your money in gambling, determine first your daily expenses, monthly bills and all of the things that you need to pay. Allocate only small amount money in gambling. If you have good risks management then you can protect your capital as well as your profit.
You have made an excellent point. Gambling must be done with extra funds, while I agree all money is good and nothing is extra but what I mean by extra is the amount of money you feel you can spend on your hobbies. That ways helps overcome your gambling problem too because once you lost all your money you actually intended to spend on rides, fun, movies,etc then you start feeling like gambling is bad.

While if you spend the money that was allocated to bills and other important tasks then it will be no problem for you, because bills will keep on increasing while there will be no shortage of fun for you so you won't ever feel like gambling is bad or hurting you. Just gamble with money you saved for fun and see how much it hurts Wink
2171  Economy / Gambling discussion / Re: How does provably fair environment ensure the survival of gambling houses. on: November 27, 2019, 06:23:57 AM
I like to appreciate your cross-thinking like most people here are worrying about survival of gamblers in provably fair environment whereas no one question about casinos for same set of conditions. Your question is sounding like doubting about the reliability of provably fair still houses are taking commission from gamblers in the name of house-edge which is also covered by provably fair environment.

I guess you might have got your answer from so-far conversation hence it would be much better you go locking this topic as it may turn supporting spammers. (It is always a good practice to lock a discussion after it served its purposes)
2172  Economy / Exchanges / I want to trade BitMex contracts. What should I know before touching them. on: November 25, 2019, 08:54:15 AM
I read with 1 BTC deposit, I will be able to trade 100BTC worth of contracts. Also, it is mentioned that there is no expiry for their contracts. Does it mean I will be able to hold if my position is even at losses? How exactly it works?

I have experiences of trading forex with leverage. When my position goes in losses then they will auto-close my position when my actual bankroll is reaching 10% of my original value. Bitmex is also doing the same?

If you have experience with bitmex's leveraged trading, please share how to make use of their leveraged trading with calculated risk.

I want to risk some 0.1BTC for leveraged trading. But, I will buy contracts for 0.01BTC (10% of my total capital) and possibly with less leverages like 5x (to play safe).

With 0.01 BTC, I guess I may able to buy 0.05BTC worth of contracts (at 5x leverage) and if bitcoins moves up some $100 or $500, how much I will be able to profit.

For negative side, I leave 0.09 BTC unused and I opt only 5x leverage, so how long I will be able to hold my position for waiting so that prices to recover.

For example, I buy contracts at $6700 levels and BTC reaches $6900 levels. How much I could make with risk of 0.1BTC (with actual trade of 0.01BTC with 5x leverage).


I do see lots of guides on bitmex, but none of them directly answering my questions.

2173  Bitcoin / Bitcoin Discussion / Re: Would You Pay for Odd Jobs With Bitcoin? on: November 20, 2019, 07:18:20 PM
An unemployed dude comes to your house to ask for off jobs, say to throw away your thrash and mow the lawn. You had no cash but he owns a bitcoin wallet and asks to be paid in bitcoins. Would you pay in bitcoin?
I don't really see anything wrong with that, as long as I have the money/Bitcoin in my wallet, I would pay him with it. Unless I'm saving the money in my Bitcoin for something else, but still that wouldn't be a problem because I can easily fund my Bitcoin wallet by using my bank debit card and it's really fast.

So, if anyone should ask me to make payment to them with Bitcoin, I would for sure, also depending on how they ask. I have only done that once, sent payment to someone through Bitcoin after he completed a little offline task for me. He first asked if I make use of bitcoin and whether I can pay with that and I replied yes and asked for his address.
2174  Economy / Economics / Re: Can you share Bitcoin percentage in your portfolio? on: November 20, 2019, 05:58:31 AM
This is not important to discuss, but it's for general curiosity. I hold over 100 coins and tokens but most of them found in airdrops so they have near zero value. I only have 11 including BTC that I invested and really care about. I don't want to name all of them but as of today, nearly 66% percent (based on BTC price, not fiat) of my portfolio fills with Bitcoin.
Can you share your percentage of BTC holding? Kindly, only count coins that have value.
Lol, I only have Bitcoin. This year I just chose to go for Bitcoin alone and nothing else. It's not that I don't like altcoins, but I just felt that Bitcoin is only going to work out for me this year and by the way it's the top coin in the market. Things have been going as I expected, the price went up from around $4000 when I invested and went up to $13,000, i thought that was going to be the bull run and it dropped back to the current price rate of $8000. I didn't sell anything, I am still holding my coins and I am believing that the bull run is coming anytime soon. We already getting close to December and before we know it we will get into 2020 and then halving.
2175  Economy / Economics / Re: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct ICO? on: November 20, 2019, 05:17:08 AM
Why exactly do you think that these companies need a crypto platform or to run an ICO? Roll Eyes Okay, let's take WhatsApp off the list because Facebook's Libra. But if you should check these companies you have mentioned you will see that they are all big companies and there is really no need for them to run an ICO. These companies have been around for a very long time and there is no need for it and they don't even have a cryptocurrency and having is not a must and doesn't even determine success.

We already have lots of ICOs and it's meant for new companies in the cryptocurrency platform and there are still some platforms that run ICOs but still end up not achieving anything.
2176  Economy / Speculation / Re: The 2020 Next Bitcoin Halving vs The 2016 One on: November 19, 2019, 06:55:32 PM
Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/
The past two halving that we have had has made a very significant impact on the value of bitcoin and we could see how the value surge by greater percentage during the halving which could not have been a coincidence at all, so if all the other halving have had effect on bitcoin despite all the low adoption that we had then, it would not be now that we have more adoption of bitcoin than the last halving for us not to see any changes.

Many people including me are eagerly waiting for the halving which I am sure that it will encourage a lot of people to start putting more fund in their wallet as against the expectation of the halving which I think that it is just like 5 months away from us now. Your article really hit lots of point and I agree with it a lot which should be enough to motivate us in preparing for the surge.
2177  Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people on: November 19, 2019, 01:07:09 PM
Someone that doesn't have much interest in anything that is related to the internet will also not have interest in bitcoin. So these local people you're talking about, it depends on the type of people they are exactly. I have tried telling some people I see as local about Bitcoin and they are not always interested, only say that it is meant for those of us that are computer geeks. These types of people I'm talking about are the ones that focused on the mainstream society and have no interest in computer and online stuff, and they can hardly be convinced.

I don't stress much about convincing people to make use of cryptocurrency, I think when it's the right time they wouldn't need anyone to convince them at all, they will just do it on their own.
2178  Bitcoin / Bitcoin Discussion / Re: Do you think that cryptos such as Bitcoin would be mainstream? on: November 19, 2019, 09:14:51 AM
I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.

Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
I am thinking that Bitcoin and cryptocurrencies will only go mainstream when the government changes the system. If the system should remain fiat , a lot of people will still prefer to make use of the fiat system and refuse to use crypto. Or maybe everything will be step by step - maybe as time goes on a lot of people will start to recognize Bitcoin and cryptocurrency in general and how good they are and then will they start to adopt it.

Though one thing that discourages me about people adopting Bitcoin or cryptocurrencies is the fact that it is being viewed as an investment. When it's being seen as an investment then there will be lack of much interest and those that joins will only come to just make money expecting bull run and once they have that, they will quit.
2179  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what are the best altcoin which gives 2x profit in 1year on: November 19, 2019, 04:51:46 AM
Within the period of a year, almost any of the top 100 cryprocurrencies by market cap can appreciate by 100%. If you were asking for a 10x, 100x or even 1000x, that would require more research and indepth analysis.
There are lots of scam projects and you could hardly tell the difference between the right project and the real project except you do a very major and thorough research in them and even in doing thorough research on them, you will still get confused.

It seems right now like bitcoin investment is still the most reliable investment for any investor for now and if there is any need for us to diversify our portfolio, it would be to coins that are listed within the top 20 coins on the CMC these are coins that have solid backup off string communities and also with very real working product and for any project to continue to survive, it has to have a real working products like some of these ones that we have there in tops.
2180  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: November 18, 2019, 07:22:12 PM
Does accepting cryptocurrency as payment for work you do count as well? I discovered cryptocurrency and after playing around with faucets for a while I decided it was of no use. Then I dropped it. After some time I landed a project that required me to accept Bitcoin as a payment method, at first I never trusted them because I was afraid that there is no protection and I might be doing free work.

But, I still took the risk and luckily, I got paid for it. After that, I started coming across lots of companies that wanted to pay with bitcoin and the current job I'm doing now is a remote job and pays with Bitcoin.
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