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221  Economy / Trading Discussion / Re: any opinions about the recent btc price crash? on: May 19, 2021, 04:44:55 AM
I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.
Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.
We know cryptocurrency seems to be vulnerable to news from influential people, after Ellon declared his departure from bitcoin, a slow reversal occurred and until now the price has tended to fall 30% in the last 7 days. it is possible that this will be used by other parties to plan purchases
222  Economy / Trading Discussion / Re: Trading Volumes by Country on: May 19, 2021, 04:39:15 AM
What is the best way to see historic Bitcoin trading voumes (by value) by Country?
As privacy is the most important thing for most bitcoiners, even if you manage to see trading volume by country wise, I will doubt about the credibility of such data. If you refer centralized exchanges and their location then you may get chances to get historic trading volume still most exchanges are accepting people from around the globe hence accuracy will be again a big question.

Only these days binance kind of exchanges are offering same services country specifically but in old days we had bittrex/cryptsy/yobit etc but they offer same services to all country people. Due to later regulation on crypto related services, enforced binance kind of service providers to go country specific. If you manage that kind of exchanges to provide you historic volume then you may get what you asked for.

Even if he does his homework, he will still get just the rough estimate. This kind of stats is hard to get in accurate figures. However, in 2020, based from statista website, you can get approximate btc trading volume, in millions of $s. It is clear that US is the leading country, in terms of bitcoin trading, followed by Russia and Nigeria (not expecting this though).

https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/


In fact, China is not at the top, where in 2018 it seemed as if China was in control of bitcoin, but we can still see the United State that dominates it. of course, the policies implemented in the USA will have a big influence on the development of bitcoin
223  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: May 18, 2021, 11:39:35 AM
Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

We know this already. Grin
Just stop making posts about Elon Musk.There are hundreds of posts about him on the forum in the last few days.Gosh,can't you just stop giving him attention,people? Grin
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? Grin
Just HODL and everything will be alright.People,who panic will lose money,but that's their mistake.
I don't think that all the hate towards Elon Musk will stop him from manipulating the crypto prices.
Maybe he now becomes of Elon fans so he tries to attract more attention Grin
But we can not deny that Elon already make a surprise to the crypto market and we do not know what other surprise that Elon will give to us, especially after he says that Tesla will not accept bitcoin. It is interesting to wait for what Elon will do related to the current situation in the market. But all in all, the crypto market will be back to the high price no matter what Elon says Grin
we don't know what secrets they are running. With the news that seems to suddenly make a statement, I think this is the job of smart people. We can see the effect of Ellon's statement, with the current flush of the market, although no one knows what actually happened. but rest assured the market will return to peak again after the effects wear off
224  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: May 18, 2021, 11:34:42 AM
I think even though many stock traders switch to cryptocurrency, there are still many traders who remain loyal to stocks. we know crypto is highly volatile, so they still consider stocks to have a lower level of risk than crypto, while many traders switch to crypto because the current crypto trend is at its peak, so many are taking advantage of it.
225  Economy / Economics / Re: We entered a bear market earlier than expected on: May 18, 2021, 07:15:08 AM
We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.
By waiting for the dump to end we can start again to invest long term, thus getting a cheap price. With the release of musk, it did have an impact on the development of cryptocurrency, but I don't think it will last long
226  Economy / Trading Discussion / Re: we should monitor wich one ? (indicator) on: May 18, 2021, 06:57:25 AM
Depends on strategy that you are using, I'm just too focus on very few indicators because I believe on their effectiveness and they are working with me. I just look on Price trend, Volume, Rsi, Fibonacci, MA and MACD most of the time but if you're dealing on some project that is highly volatile, I don't think indicators will work, I just used my luck every time I buy those so called shitcoins. You must be more flexible because this market offers different options everyday.
with the more indicators used, it will increase our consideration for the transaction, and I think that is not very good. therefore we use simple indicators that suit our system and most importantly we must be aware that the indicators are not all correct, so we remain careful.
227  Economy / Trading Discussion / Re: what are you investment strategy on: May 18, 2021, 06:53:29 AM
For current situation of market which the BTC dominance crashed to 39% , my focus is on trade altcoin. I divided my balance in to 2 ,first 70% for high cap coin and other 30% for low cap coin. I doing swing trading and take profit about 50% to 100% and try to compounding the profit by trade other coin that still in the support area. Many price of altcoin already high and look like difficult to make multiple profit so compund strategy can be promising better profit. I did also staking on stable coin to receive more stable monthly reward.
I think your strategy can be followed, whereby we still take the risk into account, so that 70% is still placed on safer, large cap altcoins. but I do buy gradually on each altcoin, so that if the price goes down, then I still have capital to buy back
228  Economy / Speculation / Re: Why Bitcoin price crushed? on: May 18, 2021, 06:49:14 AM
By location I mean the current situation of the Bitcoin market example Binance, Bittrex etc, So you're saying that Bitcoin is a bit limited in the hands of "Elon Musk's" or popular or rich people like them? If so, then Bitcoin cannot run on it's own they control bitcoin in different ways.

Bitcoin has got more and more centralized by going out of weak hands who sold their parts of btc to the institutions and now institutions are ruling them by giving signals like adding '#bitcoin' to their bio, saying some good things about crypto after having your position set in crypto since $20k btc and then selling it from the top, but later coming back on Twitter to clarify that they did not do it.  Wink
If it is seen as a game from the whales, therefore for those of us who only have small capital, don't fight their currents in order to stay safe. Moreover, with the news from influential people, it is enough to make people panic and sell simultaneously, so that the red color is unavoidable
229  Economy / Economics / Re: Our boss and employer are money on: May 17, 2021, 01:51:44 PM
No, I can't agree with your analogy. People needs money in order to live in this world but that's not the reason to say that money is our boss and employer. You, yourself is always responsible and accountable with your money. We just need money to buy our needs and necessities but if you look money as your boss and let money drive your life then it will have a bad end for you.
money is not our boss. for an employee, we need a boss to earn money. so that we get rewarded money from the results of our sweat. on the other hand, there are many people who deify money so that they are willing to do anything to get money, I think things like this are wrong, because money is not everything in life, even though this world always needs money
230  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: May 17, 2021, 01:43:22 PM
in my city, all sectors have started to normal
many public places such as hotels have opened their services, it's just that travel services are still not normal

but from day to day the number of covid positive sufferers here continues to grow
it is clear that residents here have started to think of corona as just an ordinary disease
I think the opening of corona is an ordinary disease, but many people seem to be bored with the unfinished corona, while they still need food to live. on the other hand, there are already many people who know the prevention of corona and the nature of this virus, so they can be careful and take care of themselves so as not to be exposed to this virus
231  Economy / Economics / Re: Tesla still an unprofitable automaker on: May 17, 2021, 01:37:24 PM
Despite Tesla's first quarter earnings, Tesla is still an unprofitable automobile manufacturer. Digging into the numbers, Tesla reported a $438M GAAP net income, but they had $518M in regulatory credit sales and more than $100M in profit related to bitcoin sales (they sold a total of $272M worth of bitcoin in Q1), which means the primary business of manufacturing cars is still not profitable.  Perhaps as they continue to scale this will change, but the valuation still looks insane at these levels, and electric vehicle competition is only going to get stiffer going forward.
You know what scares me? I mean they are already selling a good amount of cars, but one day they will have 100+ places, most of which would be a huge place, some could be middle and some small, but they will eventually have 100+ plants where they will build cars, some of them will be as huge as a town, and they will be capable of building over a million cars, maybe over few million cars per year, all electric all getting buyers very easily. That means it is not going to be like this, it is going to be a situation where you can go to a gallery and buy a car and leave, no waiting, no problems with manufacturing, it is going to be purely like any other car company.

At that point I do not know how much Tesla will worth, even at this point they worth so much, when it goes up that much it will worth even more. It is like when amazon didn't made a profit but worthed a lot, now they profit and they worth even more.
with Tesla's boom in cryptocurrency news, it seems that many people get to know Tesla closer, so this is indirectly Tesla's advantage. besides that, Tesla is trying to find income from bitcoin, while waiting for Tesla's marketing in electric cars to meet the target. I think this is a good step from Tesla to bring the company to life in its early days
232  Economy / Economics / Re: Oil and war Good profit on: May 17, 2021, 01:00:50 PM
When the war broke out, the price of oil went up. The wars in the world are related to oil. Oil brings great profits. The Middle East is home to the largest oil reserves in the world. Wars are regularly fought here over the right to exploit oil. Countries with strong militaries such as the US, Russia, and China... all have their armies concentrated in the Middle East to compete for oil.
oil is a vital requirement for warfare, all combat equipment uses oil. therefore oil has an important role for mobilization and engine lubricants. it is not surprising that in the Middle East there are always wars involving many of the countries behind it. along with the scarcity of oil it will certainly increase the price
233  Economy / Economics / Re: Do you see yourself quitting after this bullrun? on: May 17, 2021, 12:54:55 PM
don't think so, been here for years even if I make ten millions dollar overnight there's nothing wrong in making some additional million dollars right?  Grin the thing is, there's no guarantee you gonna succeed by starting your business but if you're used to making money in crypto then big fat chance it's better to just sticks, just don't speculate too much if you afraid of risk there are many ways of making profit from your hard earned money without betting all your asset.
right, after I get a lot of money from bullrun, then only a small portion of the capital I use to trade in crypto, most of the others, of course I will diversify into other businesses such as property, I have to have several different businesses to support my financial stability
234  Economy / Economics / Re: COVID advanced the world into the future on: May 17, 2021, 12:48:38 PM
I think covid19 cases and pandemic also pushes bitcoin to make it accepted into all the world, to avoid spread of virus through money, they would rather choose it as a means of transferring and transaction and everything, now a days electronic use of money is more convenient rather than carrying int all in your bags or wallet. Yes covid somehow help advamce the world into whatever would take place into the future.
That's the more appropriate word in my opinion which is pushed brcause most of the technology already existed, we just don't bat an eye about it and we didn't need it pre-pandemic. There are merits to both regarding electronic money and physical money, you aren't going to worry about getting phished in physical money and your purchases aren't tracked in physical money.
the big effect of a pandemic is to change a person's activity habits. who used to use more cash, although the use of electronic transfers has also occurred a lot. but with this pandemic bitcoin is increasingly popular, and many people are using it to invest, so cryptocurrency can be used like fiat money today
235  Economy / Economics / Re: After 1 year of Covid 19 Virus on: May 15, 2021, 02:01:35 PM
I think after a year of the pandemic, people have started to adapt to this virus, they keep working and working to make ends meet. for example, to reduce direct interaction, nowadays there are many online shops that help others to meet each other's needs and we can see that the crypto business is growing rapidly during the pandemic
236  Alternate cryptocurrencies / Altcoin Discussion / Re: Ways to earn in crypto in 2021 on: May 15, 2021, 01:54:07 PM
Is this a list of ways to lose all your money in 2021? Okay, regular trading and staking makes sense, but suggesting someone to invest in shitcoins? No, you shouldn't do that. You are just encouraging more shitcoins to appear in the market. We don't want that. Meme coins are the same as shitcoins. Even coins that are airdropped are usually shit coins. You don't want to waste your time hunting those shitcoins, do you? All "ways" that you have pointed out will end up in a disaster in the long run.  Too risky. Better to hold a currency and forget about it until its time to take your profit.

People will deal into it no matter how high the risk as they are looking for the probabilities on being rich or getting huge amount of profits when a certain shitcoin would be pumped out.yes,majority are shit but we cant deny that there are ones who had been given some chances.

For trading and staking then its a bit common but doesnt mean that these things are simple to engaged on.So you do still need to be careful.
especially for trading, not everyone can generate profits consistently, so they are complacent and want to get big profits in a short time. many experience failures in trading because they lack control of emotions and tend to be greedy, therefore we can increase flight hours to achieve our goals in trading
237  Economy / Trading Discussion / Re: Anybody here sell their Gold to buy Bitcoin? on: May 15, 2021, 01:50:10 PM
I don't have any Gold acquired but if I have, still never sell for Bitcoin. I definitely have to keep it for future purposes.
In fact, I can acquire Bitcoin Bitcoin without selling any properties so there is no reason why I should do that in the first place. Because in my mind, Bitcoin can go up and down, can't see it 100% assurance but gold have although the price doesn't move and changes so fast like crypto value. However, still a great asset to invest in for a longer time.
right, we should instead invest in both gold and bitcoin. both have different market characteristics. gold tends to be safe to invest in, because everyone has recognized the existence of gold, while bitcoin has good prospects too, even though its main purpose has not been achieved as a transaction tool, bitcoin has a higher level of risk than gold.
238  Economy / Trading Discussion / Re: reasons for bad trading on: May 15, 2021, 01:43:30 PM
the main reason why our trading is bad is that we lack flight hours or experience in trading. learning techniques maybe a month can be mastered, but to regulate psychologically I think everyone will be different in controlling our emotions. therefore do not be discouraged, a professional trader has experienced mistakes, and our job is to continue to learn
239  Economy / Trading Discussion / Re: Trading is Easy dont be afraid just on: May 15, 2021, 01:36:50 PM
Almost everyone knows about it dude, the question is how do you define a correction and a free fall? Which one is a dip and a reversal? How can you guarantee you aren't buying at the top? And so on.

If it's as easy as you write above, no one will get rekt from trading and anyone with a good enough common sense will be richer than ever. Might as well pick a coin randomly and buy it and sell it a week later.
it seems easy, we buy and sell when profitable. but trading is energy draining, we have to have technique, psychology and experience. It's easy to make a profit once or twice, but to always stay consistent in the market I don't think everyone can do it. we must always learn from the market, because experience will lead us to success
240  Economy / Trading Discussion / Re: I fail in trading on: May 13, 2021, 01:30:51 PM
I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Failure at the beginning is what everyone goes through when starting the trading career your not the first neither will you be the last it's part of the price towards becoming a successful trading, if you aren't failing you aren't trying, whenever you fail you learn a lesson and you become smarter and wiser than before, so keep trying don't forget to watch some trading tutorials and read some books, keep trying till you become a professional trader, it's all about your determination.
failure by novice traders is a common occurrence, but we can take lessons from these failures, so that the future will be better. Traders who can survive in the market are those who have experience, that means every trader must always practice until he finds a trading style that is comfortable for himself, so that they can enjoy every profit or loss.
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