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2261  Alternate cryptocurrencies / Altcoin Discussion / Re: Great coins to invest in? on: November 28, 2021, 09:18:52 PM
sustaining without any real project backing up definitely lead to heavy dump over the time hence there will be no surprises if we are seeing shibu to get dumped to zero at any time soon. Because, you cannot expect whales to keep on pumping it all the times; they will pump only for certain period of time to lure other traders to get on board. Then they will start profit booking.
Yeah, I would say that right about now, most major coins are great coins to invest in. Most of them are down a lot and they would be up a lot as well. I can see as much as 2x in top 20 in the next 2 months. Not all of them of course, but they would all go up in a recovery and at least one of them could have a 2x.

This could happen during December, so it is not really that far away. I hope to have a lot better situation going on but obviously I am keeping it more realistic. I guess maybe December could be a bad month as well, I am not expecting that to be honest but I would say it is not impossible neither. Which means maybe it won't be profitable that quickly, however it will definitely be profitable in the end.
2262  Alternate cryptocurrencies / Altcoin Discussion / Re: Don’t Miss Out: Play To Earn on: November 28, 2021, 08:45:41 PM
Names like another scam project. Why do your projects are liking and keep on attaching your name to popular series? Free advertisement and popularity? A trillion supply.

Well, I don't think that projects like yours will be invested by anyone who's looking for projects. People that are aware of the rug pull of squid token will just think the same as yours. I hope that there won't be another project to come out such as that.
Yeah, what a weird way to pick a name. Don't get me wrong I am not against hyped names to be picked, sure you could pick "la casa de papel coin" or whatever if you want as well, as long as you want to, there is nothing that could stop you from picking something.

Smart people will stay away from it as far as they possibly can and that is understandable, because why would anyone spend their money on a hype token that has absolutely ZERO to offer. However one thing is for sure, if we are talking about "squid game", we already had one that stole money from everyone, so why would we want to invest into something that already has a baggage with it? Makes no sense to me at all.
2263  Economy / Trading Discussion / Re: Take stock or hodl ? on: November 27, 2021, 09:15:31 AM
So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
You people really hope too much, don’t you? Well, it is still up to you to make that decision for yourself. The market would go down for sure, and after sometime it will also go back up, that’s just it. Even if it doesn’t go up now, maybe after some years it would. So that decision is a decision that you’re making for yourself, whether you’re ready to hold cryptocurrency till the market starts going up again, no matter how long it is going to take. And if not, then it wouldn’t be bad for you to sell it and take your profit.

Moreover, there are many things which I believe that you will be needing money for, it is possible that cryptocurrency is not the only business that you’re doing, there are others as well and when you withdraw your profit, it goes into those areas.
2264  Bitcoin / Bitcoin Discussion / Re: Governments planning a Crypto Crackdown? on: November 26, 2021, 08:05:56 PM
Recently, many governments have been showing increasing animosity against Cryptos. While the US is preparing to launch a Blockchain surveillance plan, other countries such as Sweeden are showing signs of moving towards a crypto crackdown by criminalising mining.
The thing is that I don’t really know how they plan on going about this. The government can do just about anything to make sure that they accomplish their plans. Well, I would say not to get all worried up right now, best to calm down and wait till we see what follows next before we start to react. But on the part of banning mining, I think we should be worried about that one, because cryptocurrency is being mined by big companies these days and can easily be tracked by the governments and shut down.

So, if Sweden should decide that they are going to ban cryptocurrency mining, that wouldn’t be a difficult case for them to handle, it would be easy for them to do that, just like China did. I’m just hoping that governments stop their madness on bitcoin, seriously it’s annoying.
2265  Economy / Economics / Re: What do people think about CBDC? on: November 26, 2021, 04:39:49 PM
I wouldn't be surprised if the US and other countries begin cracking down on crypto in order to force the use of CBDCs. If that happens, mainstream adoption for decentralized cryptocurrencies will decline at an accelerated rate. Who knows if this leads to a major decline in crypto assets' prices on the market?
Yeah, there are enough possibilities for USA and other countries to introduce their own CBDC but in my  understanding that all decentralized cryptocurrencies (or at least bitcoin) will remain as digital asset whereas CBDCs will be in circulation just another digital fiats.

I mean still I will use my government's CBDC to buy bitcoin similar to exactly how I am currently doing with my credit card or skrill account. So, I am not seeing government's stand on CBDC will script the decline of cryptocurrencies. I am saying this because cryptocurrencies are not being used as currencies as of now but it is being treated like digital assets which may go more intensive if enforcement of CBDC takes place in coming days.
2266  Economy / Economics / Re: Bitcoins economic growth is enormous in India | Amazing Future ahead on: November 26, 2021, 09:41:15 AM
after the ban that had took place 2years ago the whole Indian community and country have been benefiting of crypto, bitcoin in particular. Thanks to the wonderful minds in India's Supreme Court who passed the bill where it enables its people again to make transactions in crypto related stuffs legally.
You meant lift back of ban? But, I read that India is again going to pass a bill to ban or regulate and the outcome of Indian's stand against cryptocurrencies is still undecided. Considering the population and probable user userbase from world's second largest populated country, I guess any stand will definitely will have intensive impact on all cryptocurrencies. At the same time, we need to recall that China's recent ban was defeated by bitcoin community.

I mean China's negative stand made some downfall into bitcoin markets but the true believers of bitcoins made use of those opportunities for accumulating more and that way bitcoin was able to get a new ATH. So, whatever India government is going to decide against crypto space, I am sure bitcoin is on its own course of sailing toward $100k/$200k/$400k.
2267  Alternate cryptocurrencies / Speculation (Altcoins) / Re: where are these cryptos going;!!! on: November 26, 2021, 08:28:03 AM

Are cryptocurrencies losing their appeal?
Losing appeal , what does it mean for you? the capitalization of Cryptocurrency is still valuing to over 2.5 THRILLION is that not appealing for you? back in 2017 when 20k had been broken the market capitalization is nearing 1 Thrillion but then people says it is really appealing so what more now?
Reaching to a level where the whole crypto market total cap in 2017 is lower than what just bitcoin alone is right now. I get that bitcoin is the biggest so it is not a shock but I could say that it is definitely not something we should be approaching lightly neither. Crypto is doing fine, yes we may have some downs time to time but the reality is that we are doing fine overall.

I am quite happy that I am holding, I have been holder for years now and I am quite happy with the increase, I don't care if it has some little drops here and there because that is small amounts for the overall trajectory of bitcoin so far. I would love to see people checking out the historical data and tell me when was the last time we lost money over a whole year, it rarely happens (2018) and it is overall increasing very rapidly when you consider the speed with other assets.
2268  Economy / Economics / Re: Fiat banks and the government. on: November 25, 2021, 07:42:21 PM
A recent situation in my country where the banks have been instructed to block accounts related/associated with crypto trading has prompted me to start thinking if these banks are actually happy carrying out government policies against their customers, because some of them seem not too happy about it but look to have little or no choice on the matter.

Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?
The banks might not be happy about this situation. Imagine where they have to close the account of one of their biggest customers just because he or she was involved in trading cryptocurrency?  So, in a way this situation is going to be affecting the banks, and they might not be happy about it.

But, they have no other option than to carry out the orders that are given to them by the government, because the governments are the ones who controls them. The only thing that people have to do is that they will have to be very careful while making use of cryptocurrency in your country, that way they wouldn’t have to have any problem with the bank at all or the government. There are several ways that they can make use of Bitcoin or any other cryptocurrency and not being caught while doing it.
2269  Economy / Trading Discussion / Re: Trading is not meant 4everybody on: November 25, 2021, 07:14:36 PM
Trading does not only mean profits but it also brings losses as well. So the moment you decide to trade, expect that there will be more losses particularly if you are still a newbie, and even for those skilled traders they are still experiencing losses too.

However, even if you see yourself as a good trader and yet, you still keep on committing losses, i guess there's something wrong with how you trade, either you fix it and learn more about trading, or quit from trading so you won't be making losses at all. This only proves that trading may be done by everyone, but not everyone is capable to do a good and profitable trading. Although trading can be learned, but its still undeniable that only few traders have remained successful in this kind of industry.
Many people imagine that while trading they are going to be doing fine, and since they have seen people making 100x, they get into crypto thinking they could do the same. We all know how rare it is for someone to make 100x but as with anything on social media, you only hear about the good ones. Open up instagram and check out the posts, you will see that people will share their best days at all times, because they are used to seeing the best of each other and they do the same, you do not see their worst days.

The exact same happens with crypto trades, people share their best profits, and newbies get into crypto thinking they will be making that kind of profit as well. The reality is that, just like in real life, we have ups and downs in crypto and while you may make some profits along the way that means there will be some drops in the price as well.
2270  Economy / Trading Discussion / Re: Passive vs seasonal trading on: November 25, 2021, 06:32:11 PM
Trading isn't for everyone - and that's a fact. Whether somebody is able to deal with the market volatility and make a good, profitable living out of trading is up to the individual. There are plenty who do btw.

At the same time, not everyone has the same abilities, and so there are others that take trading more lightly but that's fine too. I think this is all a personal choice and everyone uses the tools at their disposal how they see fit. Nothing wrong with that, and also nothing wrong with asking but it will be wrong to impose something on others.
Unfortunately this is the true statement. I am not a great trader, I have studied it for years, I have worked on perfecting it for years, I have given everything I have for years and yet I am still not a good trader.

Maybe I am good compared to a lot of bad traders who panic and sell whatever they have, but the reality is that I have seen so many good traders that turn just few thousand dollars into tens of thousands of dollars in under a month that I realized that it is really not something I would really accept to call myself a good trader. Don't get me wrong, I am not some newbie that started recently, I have been here for long times, and yet I still can't trade properly and that is my main problem.

This is why I am a long term investor and now investing a bit into passive income stuff as well, it really allows me to be a bit more like me. I still trade time to time, but not for profit anymore, I do it like gambling, just to have fun.
2271  Economy / Speculation / Re: What is your opinion on recent bull market, will it be over soon? on: November 25, 2021, 06:12:37 PM
I do not know when that will happen neither, but it doesn't happen very slowly, so a stop loss should allow you to be keeping safe from a sudden crash, I suggest using one that is not too close, but not at 30k neither.
Unfortunately it wasn't a long living bull market, however it showed what it needs to show and that's all that matters. I personally would love to have a lot more better situation regarding the price but that doesn't mean that I will not care for whatever we have right now neither. When it is going up then I am quite happy because it is high and I am richer, when it is getting lower like this then I am still happy because that means I could buy more.

I just hope that it stays like this until the first of December so that I could put my salary into crypto, that way I would be getting richer for having some more bitcoin bought at cheap levels. Honestly, it is really no brainer that if you approach crypto the right way then you are going to be making a great amount of profit, it will also allow you to always see the positive and never get scared about your decisions.
2272  Economy / Speculation / Re: Bitcoin run up is coming on: November 25, 2021, 03:18:34 PM
Hard to see a drop to $40k though, the last lowest low we've seen this year is $28k and so we've achieved x2 of that price already. It's not a bear trap to me, it looks like there is a big mental barrier in front of $60k that's why a few days ago when we reached $59k, it wasn't enough to sustain it's momentum to push and get past $60k. Of course which such volatile market, we really don't know where the price will move, but for me, we are still the bull market, just some minor and healthy correction around the way leading up to a good pump in December.
I do agree that there is a very low chance to see 40k, however 50k doesn't look that impossible right now. You know how these things are, first dropping to 60k is hard because that would be a big drop, then you break that and we have 55k and it looks harder but then it happens, then 50k and what do you know.. suddenly you are at 30k.

So, this is why I do not like to talk big in crypto, anything could happen. Maybe we are going to drop to 30k or maybe we will break to a new ATH, anything could happen really and I do not really want to be the one people make decisions based on which is why I never give a number. Nevertheless, "looks difficult" is certainly a good decision here, it looks very difficult to reach 40k, we will probably recover way before it ever drops those levels. At the very least, it will stay 50k+ if you ask me.
2273  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFTs overhyped? on: November 24, 2021, 08:40:51 PM
It's always been full of hype. People are getting scammed big time by purchasing so-called "digital art" with no intrinsic value. Most digital arts in the forms of NFTs are simply images that can be found on the web for free. I wouldn't waste my time and money into these kind of NFTs except for digital in-game items and collectibles.
The worst part about this whole NFT thing is that they keep defending as "you can't value art objectively, it may worth 5 bucks to you, may worth 5 million to someone else" and make a claim that the hat wearing monkey or cyberpunk robots should worth millions because of it.

If anyone seriously considers them "art" then I am sorry but you are severely mistaken and you should not be considering that as investment but you deserve to lose all of your money and I would not feel bad for you, I hope they go to 100 million each because I rather have everyone profit as much as possible but that doesn't mean that I can see it happening at all. Art is art, this is just hype.
2274  Alternate cryptocurrencies / Altcoin Discussion / Re: Regulations for crypto currencies on: November 24, 2021, 07:19:35 PM
Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us
Cryptocurrency regulation works differently in most countries. Do we cryptocurrency is being regulated in the United states, is not the same way that it is being regulated in Canada, United Kingdom, and other countries. So, it all depends in the country that you are living. And the way these countries sees Bitcoin is different from each other: take for example in the United Kingdom Bitcoin is seen as a property, but not as a legal tender. Then in the United States some agencies sees it as an asset, and some sees it as a security.

Most of them do regulate cryptocurrency, but I don’t really think that they can have the power over exchanges that are decentralized. Only centralized exchanges are the ones who register with the government agencies and are being regulated. So I don’t think this is going to affect bitcoin's nature of decentralization.
2275  Economy / Economics / Re: People tend not to move on: November 24, 2021, 06:18:28 PM
I typically prefer to move like nomads until I find somewhere fairly stable and right to settle in. It's hard to find such place in the world hence the need to keep moving/searching.
That's basically how I began to use Bitcoin in cyberspace. I saw shiny opportunities but the risk discouraged me.

Just searching for the right environment... One of the worst thing to do is to move for money
How do you pay for moving around like that? I mean if I wanted to go to vacation let alone stay there, I would have to pay maybe 6 month salary for living in Europe for just 1 month. Maybe you have some income or some amount of money from before, or you have a skill that allows you to move around like that, I don't know who you are so I can't make any calculations with the data I have.

However, I know myself and I know that there is no possible way for me to move to a "better" nation, it just doesn't work like that, since my work is not something I need to be even there to do that means I can freelance it and that makes it cheaper and can't afford to live in Europe or anywhere like that. Since, life is getting more expensive even where I live which is normally known as a cheap place, I may end up with living in a European nation one day in the future not because I got richer but I would be poor even here so might as well be poor somewhere else but moving around is still quite costly and I can't afford to do that so far.
2276  Economy / Economics / Re: El Salvador develops further its bitcoin strategy on: November 23, 2021, 09:12:45 PM
El Salvador is putting to market a 1 Billion issuance of bonds with the objective of deploying an increased bitcoin infrastructure plus direct investments in bitcoin holdings. At least half to the proceedings from these "volcano bonds" are to be directly invested in purchasing bitcoin.

Bitcoin City is the flagship tokenised project of a tax free city funded by these 6.5% yielding bonds (currently in the CCC bond territory in my view - Trash debt AKA "High Yield").
El Salvador president is a very young person, Nayib Bukele is 40 years old which means that dude is basically closer to our age by a big mile compared to most presidents in the world. Of course Europe is going younger, but look at USA for example. The last elections had two of the oldest presidential candidates ever and Biden is by far the oldest president as far as I know, even if not that old, he is still pretty old. This is why I believe that El Salvador is ahead of the curve right now, they do not have any problems within their nation that makes them stay behind and slowly build stuff, old politicians always react very slowly, and younger ones attack very quickly.
2277  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How are your shitcoins? on: November 23, 2021, 08:51:34 PM
Ethereum, high fees. Solana, not robust enough, went down for hours. Avalanche, slowing down/starting to show the same problems.

I believe it should be questioned. Are decentralized databases truly built for “apps on a blockchain”?
When ETH is having a problem and the solution is as clear as just repeating what SOL is doing or what AVAX is doing and yet they still don't do it, then you should ask yourself why? Why wouldn't ETH do that? Do you really think that there are developers out there who are smart enough to build something like SOL and nobody in the entire world could do that for ETH? It is obvious that ETH developers believe that it is not going to work, not for ETH and probably not for anyone else neither.

This is not just about tech development neither, it is about economy as well and that is what you should be looking into. You may think that gas fee is very high on ETH, and yet it broke ATH just recently, which means maybe this works and there is no rush to change anything. They are working on ETH 2.0 as well so I could easily say that they are working on a solution that they actually believe that may work.
2278  Economy / Trading Discussion / Re: What if Covid 19 broke the 4 year market cycle? on: November 23, 2021, 06:12:33 PM
What if we've Ebola or any other deadly contagious disease worse than Covid19 out there before the next circle? What if this earth comes to an end before then? What if... Well, it goes to show how uncertain life in general can be. I mean, no one saw this present situation coming during the last Bitcoin halving. No one predicted the globe was going to be hit by this pandemic. But the reality is here now with us. However, let me state speedily that Coronavirus hasn't been gloomy for the crypto industry, at all. If anything, it helped boost it during the days of "stay at home and isolate" A lot of people found solace in online businesses and Bitcoin and the crypto industry became a hive of a sort.
Ebola has been around for a while and it did not really change much to be honest. There could be even worse pandemic after this one, however I do not think that it would be the same, we have international travel a lot more compared to history and that is why the spread was a lot easier, people move around like crazy and they spread it to every other nation. However it is a 4 year cycle, and I doubt that we are going to get a worse one before the next cycle, hell I am not sure if this one will be over by that time.

It means that we need to learn to live with pandemic, masks on at all times, social distancing and all that. We are not as careful as we used to be, I went to the gym other day and nobody wore masks, it would be horrible to run on the treadmill with a mask anyway so I took mine off as well. But, it is still a "care" thing, we still need to be careful.
2279  Economy / Trading Discussion / Re: Dont get sad over what could have been on: November 22, 2021, 09:24:32 PM
It would still be useless if we will keep dwelling on the past and think of those "if's" and "but's" because it will not really help anyway. Much better if we will start moving on and do the things that we think are more profitable these days. And since there is a current price correction happening, i think this will be a good time to start buying bitcoin and potential altcoins and see our investments keep growing in time. Although there might be lot of mistakes in the past and past opportunities that have been missed, instead of regretting from them, maybe we can learn from them and be more motivated to do what is supposed to do because its the right thing to do to to earn huge profits in the future.
That is the key to make a profit, while some people see the price going down and their investments melting away and get fear, others see it as a chance to buy more and profit in the future. I am one of those people, not that I have any money right now, I am as all-in as I can be and that is why I can't buy even if I want to right now. However I have done this before, the price went low and very low and I just ended up buying more instead of fearing of what could happen.

Yes, I know that the price could fall a lot more right now and that is going to be horrible for people hodling and buying but that doesn't mean that it won't recover. You may not end up buying at the absolute bottom but that doesn't mean that you will not be profiting from it neither. It could go down more after you buy it, but you could potentially still profit from it for sure.
2280  Economy / Speculation / Re: JP Morgan: bitcoin could hit $146,000 on: November 22, 2021, 08:54:10 PM
Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.
Are you sure bitcoin will reach 80,000$ this year ? There are only 40 days left in this year and currently bitcoin is struggling to cross 60,000$ again. There is a possibility that bitcoin might fall below 50,000$ if this downside move continues.
I see very little hope that bitcoin reaches 80K or more within this year.
Just because it is struggling to go over 60k doesn't mean that it will always be like that, and doesn't mean it can't change in a single day neither. I believe that we could literally go over 70k in under a week and we have gone up that much in less than a week before as well.

Since, we went down this quickly, it wouldn't be shocking to go back up that quickly yet again neither. I do not mean that we will be 80k by the end of the year, I do not know what it will be, it could be 10k or it could be 100k and nobody really knows. All I am saying is that just because we are having trouble with 60k barrier right now doesn't mean that we will have that same problem forever, it could change in a single day.
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