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Why are you insisting on calculating with 100x or 50x or any x in the end? Because things are not as simple as you might imagine, they are on contrary very difficult the higher you go. Going from 1 dollar to 2 dollars wasn't that hard, it was quite easy in fact, it required only few hundred dollars at most probably, or maybe a few thousand dollars at most.
Rising from $100k to $200k will require tens of billions of dollars, probably over hundred billion dollars. How could you think "if the bottom was like this, and the top is like that, if we do the same thing from here we are going to be super high"? Because you can't calculate it that way, it is literally impossible to expect the same thing to be done over and over again just because it has happened once, specially not going to happen at higher prices because it is much harder and difficult.
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Can't believe gunbot went as low as 0.025 during this period, I remember when it was around 0.09 bitcoins, and not like this was during the bad parts neither, it was around the time when bitcoin reached to 2017 peak as well, so it was still expensive to buy one, turns out it is quarter of what it used to be even after developments.
I have to say it doesn't matter which bot you use, as long as you use a decent one the results will always be the same, when the markets are horrible, the bot will not make you any profit, it will make you lose a lot of money or just make you hold bags for years, and when the market is great it will make you a ton of money. Just to give an example from gunbot since we were talking about that, I have seen people who lose 20% in an hour with gunbot, and I have seen people double their money in under a week as well, you can't make a decision based on either of them.
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You can't really avoid speculating on bitcoin, we are all speculating on bitcoin at all times, there is really no guaranteed way to get paid fixed amount if you are going to get paid in fixed bitcoin amount. lets assume you get paid 1 bitcoin, that means around $23k-24k these days right? If you are going to get paid in 9 months, you are going to get paid 1 btc whatever worths that day, nothing you can do today can make sure that you get paid $23k-24k range in 9 months.
However see this as a good thing, because in the end even though there is a chance you might be paid less, there is also a chance you could get paid more as well, which should be your focus. After all, if you do not love bitcoin all that much, why did you accepted a payment in bitcoin, just tell the guy that you want fiat, and if he really wants to pay you in fiat, he could have just sold bitcoin today, and wait for 9 months and give that to you instead.
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If you understand the concept of decentralized then you'll know chosing centralized platform over dex is just stupidity. The idea behind crypto was to put you the user in charge of your finance. Exchange like binance contract that thought. Exchange are weak when security are concerned, irrespective of how well secure they claim their platforms are surfer they're hosted on a centralized server, it becomes useless.
Just looking at the reputation of the exchange you might think they have everything covered until they get exploited and millions get stolen from the exchange, then you'll begin seeing how valuable they were considering the unreasonable excuse they will begin givjnyti deny users from accessing their funds.
Never use an exchange as a place to store or hide your coins, you can safely store them on hardware devices and when the need to sell comes, moved them back on exchange and sell. The disadvantages could be some time lost and small extra charges to cover transaction fees but it'll be better you loss that then all your funds due to hack.
First of all it is not stupidity and there is no need for that kind of talk about such a simple topic. Secondly decentralized is blockchain, not where your money is, people are mistaking decentralized in many ways, they think every single thing needs to be decentralized but that is not what it is all about, decentralized is the blockchain system, everything else can be centralized, you are also trading and billions of dollars worth of crypto is traded on centralized exchanges, where is decentralization there? I just wanted to say that unless you have huge sums of crypto, there is no need to be afraid of where to keep your money, if you want to hold it on binance you can do that because there is a huuuuge chance that they will protect your money better than you can. |
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There is really nothing to worry about just yet. VUI means variant under investigation, and right now it is named VOC, so it changed name but news spread so fast that people haven't even heard the name change neither. New name means variant of concern, which means it is getting to a dangerous levels.
However this is still the "same" virus as covid-19, sure it is a mutation of it but it is not like a totally different and brand new virus neither, it is still the same virus but a bit different, that's it. The problem we had with this was simple, we weren't ready and we were treating it like it was covid-19 which caused a lot of people to not get better so easily, and spread it around thinking they didn't had covid-19 which they didn't but they had this.
Now that we know this, it won't be a big problem. Plus we also realize that as long as vaccination can help us get better, it should help us with this one as well, that is at least what we are guessing, needs a lot more testing obviously.
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If the XRP getting dumped after airdrop is what you’re referring to, then you have to understand that it is a normal thing in this market. Have you been following up with airdrops that are being in the crypto market/environment?
Anytime there is airdrop it seems like the market is going up and once the airdrop is over the market goes down because most of the people who are there for the airdrops just wants to cash in on it and nothing more. They are not interested in getting the airdrops and holding them for a long time, they just want to get that money and quickly sell it.
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I always agree that tron is a much much better currency to do transactions if you need to just send someone money. Obviously why we use bitcoin and ethereum is not just to send money around, we use them for a lot of other things as well, and biggest one is probably trading and investing so that doesn't really apply here. However if you just need to pay someone, or you need to buy something, best choice is to buy Tron for sure without a doubt.
I actually believe tron will get higher in price as well because of this, usually projects that are cheap and used a lot are seen as a good way to invest because if it is cheap to buy and send that means people will buy and send and that will cause the price to go up until it is sold, plus it has a erc20 token like situation with the blockchain as well, which I think will increase the request for tron as well.
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I am pretty sure just like how all the other big business calculate the profits is based on other things. I remember winklevoss twins for example calculated bitcoin could be around 400k to 500k because that would be what the gold market cap would entail for each bitcoin price, as in if bitcoin becomes as big as gold in marketcap, that would make each bitcoin worth around 400k to 500k depending on when it happens.
This is why I highly doubt that people actually care about the real numbers, they care about the markets and what we can achieve and how big we can get. Can bitcoin reach to a level of gold? Can bitcoin reach to nasdaq levels? Can bitcoin reach to something else, that is all there is, can bitcoin do this and that. It is not about the price here, it is about the market size for all these big banks and other corporations and investors.
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The biggest difference between these two periods is that in 2017 we started with under 1k price but ended with nearly at 20k price, that is the proof that it went up crazy high, nearly as much as x30 in just one year. Whereas in 2020 we have moved from 7k to 23k levels, nearly a x3 increase instead, so 10 times lower amount of increase happened this year.
It shows you that bitcoin didn't do something marginal this year like it did back in those days. I was worried during 2017 because we increased more than we could handle, and people were hyped beyond measure, they never saw an increase like that and they all jumped into crypto. Whereas I believe in 2020 people are also aware of the problems we could face as well, which is why I think it is not really a big deal and we probably have a big fall like we did in 2018. Those are the biggest differences.
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Being practical and reasonable in business is number one thing they teach you at school. When you see something becoming too good to be true it is either not true at all, or it is usually something that is very good but you are very late to it already. This is why I would say bitcoin is at a place where you might be too late already to make a huge life changing amount, I am not saying it won't go up, it will definitely go up, but even 10x of whatever amount of money I can put right now is not enough to change my life forever, I would be superbly happy, but I wouldn't really have a whole changed life just with a 10x return.
Moreover, to think that 10x in bitcoin is over 240k nowadays, PER BITCOIN, that is already way too much to ask. It means you could profit from bitcoin but you can't retire with bitcoin if you invested only once and wait for it to mean something.
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I am not against the idea of putting your money into altcoins, that doesn't really sound like a bad idea at all, the reason is funny of course, to say that bitcoin is volatile so you are going to altcoins sounds more like "alligators are too dangerous, so I deal with crocodiles" because they are basically the same thing but different name. Which means bitcoin is very volatile I agree with that but altcoins are very volatile as well, they are all crypto currencies and they all act about the same.
However altcoins dropped a lot in bitcoin price while gaining a lot of dollar price, I think that is why it is important to realize we could have another increase in altcoin prices, they could probably reach back to what they were in bitcoin price and that could end up with a lot of profit for many people. So I am fine with altcoin investment, even if you are doing it for wrong reasons.
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I really do not like binance nor do I like most of other places when it comes to these huge fee's but I also can't blame them, because right now fee's are huge and that is why they have to charge us so much money as well. However it is time to actually change these withdrawal fee structure into more trader friendly instead of having fixed rates.
For example, if you trade so much that you paid over 50 dollars in fees, that should mean you get free withdrawal once, without any charge, for each 50 dollar trading you fee you pay, you get one free withdrawal of bitcoin or ethereum or any erc20 deal. Obviously if you want to withdraw doge or something that doesn't count, but this would basically be for the high fee ones. They make so much money from people that I believe there are some traders that earns binance thousands of dollars from their fee's so they should get some free withdrawals as well.
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I can't believe that people could start as many accounts as they want and create as many topics as they want and we are all helping him to get more and more famous in crypto world.
Basically we get bored of it and report him and that is why he keeps starting a new account like this one over and over again, but you can see that there is this new guy who keeps doing this and bothers people and eventually he creates another and keeps bothering people.
No, he wasn't "right" in the sense that bitcoin went up prediction, because there were thousands of us who said that bitcoin would go up, I bought bitcoin at $6.5k level at first and said I will sell at $13k for example but I realized it would break all time high before that price was reached and didn't sell my coins, now I have even more because I bought in between as well, so he wasn't the only one (or you, obviously).
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Fiat world is always in danger of getting disturbed, hopefully one day people would realize that they are hackers and they could hack into anything, if you can hack into us treasury or you can hack into government places, or nasa, or fbi because of all those were hacked back in the day.
I am sure these hackers could also hack into banks, I know that most banks have a billion back-ups so it would be very hard to do this but I think you could hack into banks and delete everyone's debt, sure there could be backups but that doesn't change the fact that you could also destroy the backups if you can, and any offline one that you can't reach would destroy the bank long enough that it would be very hard to make a comeback from that. Hopefully instead of attacking people and their money, hackers would realize they could attack the real bad guys instead and do something good for once.
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This is getting to that dangerous levels right now and people are not aware of it just yet. Realize that bitcoin is something decentralized and awesome, many other projects are as decentralized as bitcoin (with some centralized coins like XRP as well) but USDT is fully centralized, there is nothing that we can do to stop tether company stealing our money if they want to, we have no power over that, it is not different than fiat, instead of us government deciding what Is going to happen with USD we just shifted the power to a company and that is even more dangerous than a government.
The day USA government says that USDT is banned and illegal and they want to jail the owners (like they did to bitmex for example) we are done, screwed, a big huge crash will happen. I think we should realize that we need to stop with all of this USDT hype very soon.
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The #NBA is back and so is one of our best promotionsIf your team goes up by 16 or more points, get paid out as a winner, regardless of the result of the game!  Getting paid out when 16 points ahead is a major major deal in NBA and you have to realize how big it is. In NBA world there are a lot of times when a team is leading 16+ points in a game and can end up losing, it happens more frequently than you may realize. Obviously more often than not the team that leads the game by that much margin usually doesn't lose, but I have seen probably 10 games a year that ends up losing after leading that big, which means this is more common than you may think and they are giving you a free result. If you are a football fan think of it like leading the game 2-0 by the half and getting paid, obviously if you are leading 2-0 by the half there is a huge huge chance that you will end up winning the game, but it could also be a 2-3 come back as well and it does happen time to time, not something superbly rare. |
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So far I have one two and lost one, in slight profit. I wagered on Liverpool and city, both of which won their games and I also wagered on Arsenal but they have unfortunately lost. League looks like going back to what we are used to, Liverpool leading with a hefty margin and City winning as much as they can to get back to second spot, I wager by the end of the year Liverpool will be the champions and City will be second in the league.
I think Spurs will be third this year, that third from United was a big shock to many people so I doubt that would happen again. Spurs has played very well this year and I doubt that Everton could continue with this good form and will fall probably while Spurs keeping up a good form. Hopefully the results are like this from now on and there isn't many shocking results, at least not all of them inside one week making us lose every game.
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We are reaching a new all time high every single day, it is looking like something more and more. Obviously we are not going to keep breaking forever, eventually price would need to go down, we can't just have 25k, 26k, 27k, 28k, 29k, and so forth forever eventually we would go down and that is what we are around right now, we have gone up so much right now that eventually it will have to fall down.
However one thing is for sure, we are not doing that just now, we will probably go up some more before we fall and reaching these new all time highs makes me feel awesome. It could reach as much as over 30k before it starts to drop, it could even reach maybe 40k if we are lucky enough. This all tells me that those lows back in the day we reached will probably be history and we will never reach there. Remember 2017? We started at 700 and never been under 3k ever again since those days, which means we probably have a new bottom these days.
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Do you think we will have a correction below 20K ? There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.
The huge possibility is it may drop at $16k level and then watch for another uptrend which btc will possibly skyrocket up to $35k watch at $23k to $24k levels since correction may occur at this level. I believe correction will not be as big as $16k, that is too low to fall and if it falls from here to $16k levels that would mean the start of a big bear run, hopefully that will not happen and we will do a lot better than that for a correction. Difference between correction and bear run is a tiny one, sometimes we go down to a level where I believe it will be just a correction and go back up, but we go on going down and surprise me, sometimes I think it is a bear run and it becomes just a correction and goes up. So, I can't say if $16k is guaranteed start of bear run but we are above $23k right now, we should not be that low if you ask me. That is why I think around $18k-19k levels are smarter levels, that would be $4-5k drop and after that we could definitely try for a higher level, something like a $35k or bigger could be possible after that. |
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Let's not go over OP too much, dude didn't know the right situation and he failed and he was wrong but we have seen a lot of people who are wrong as well, from both bulls and bears. I have seen a ton of people who expected to be over 100k+ by now, there was even that famous guy who said we would be a million dollars by now as well, they were all wrong too and we didn't dropped that much, so I can't really say that we are always right, I have also seen a lot of bears who said bitcoin "will die" and it never did neither, they were wrong too. This is just a guy who was wrong along with so many people, thousands were wrong at a time and this is just one more.
I think it is very difficult to predict what bitcoin will do, which is why I am not going to blame anyone who said bitcoin will be this or that and come out wrong, that is nature of bitcoin since it is hard to predict.
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