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2281  Bitcoin / Bitcoin Discussion / Re: Where would you sell if you had bought 10 Bitcoin at $100? on: February 22, 2021, 03:54:51 AM
I think you meant "when would you sell" instead of "where would you sell". Honestly, I don't know. Maybe early? Like when the price went up to like $1,000? At least I guess that  is what most of the people would have done. I doubt "many" people would keep holding after seeing the initial price rise. I mean during early days, most people wouldn't have expected the price to reach to the point it is at now. Even if they kept on holding, they would have sold it during the last bull run (back in 2017).
2282  Bitcoin / Bitcoin Discussion / Re: What is preventing a crypto-exchange in another nation from not requiring KYC? on: February 20, 2021, 07:57:11 AM
Since a lot of people don't like KYC verification to buy bitcoin, why hasn't anyone in some nation like... idk. Russia, or Sweden, (just throwing random nations out there) or some nation that doesn't care about enforcing KYC on its customers?

I get why no place in the USA can do it, they might get shut down, and any website in a nation allied with the USA. But what is actually stopping some website in another nation that doesn't require it? Idk, some nation in the middle east, or just anywhere else? What would stop them from buying and selling bitcoin/crypto to anonymous customers?
I doubt there are any countries out there that has no KYC requirements or anything similar. All institution that deals with finance must have some sort of regulation that will make KYC process mandatory. Even if they don't have such regulation, they will eventually be forced to do so or else lose their license or right to operate.
Each country has their AML laws to protect their country. If exchanges like these aren't regulated or has no KYC process, people might start using it with malicious intent and cause harm to the country.
2283  Bitcoin / Bitcoin Discussion / Re: Lucky Bitcoiner on: February 20, 2021, 06:58:50 AM
I wouldn't call them "lucky bitcoiner". Luck has nothing to do with them being able to make profit off bitcoin and start owning mansions. They knew what they were getting into. They knew the potential of bitcoin and hence they invested as early as possible and as much as they could. They believed in the long run the price of bitcoin will increase. It's more like they "made their own luck".
There are lot of people like him who made a fortune out of bitcoin. Most of them likes to keep everything private.
2284  Bitcoin / Bitcoin Discussion / Re: What would happen if the major holders of bitcoin all decided to sell it all? on: February 19, 2021, 08:38:56 PM
If the majority of the holders decide to sell all of their bitcoins at once, then the price will crash. Hence, this will enable more buyers to enter the market. There are lots of people who are willing to buy at cheap. They will all rush in, trust me.
So this means we will see a short term crash on the price which will eventually recover and cause a huge big bull. We might all so see more stability in the market. As the number of coins spread between different people (and no single or group of person hold large amount of coins), we will see that price manipulation no longer takes place. In other words, a healthier market will be created.
2285  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you get mad when the price of your cryptos go higher after you have sold on: February 19, 2021, 06:10:56 AM
I have been investing in cryptos for some years now and i always have to fight a battle with myself whenever i sell some of my cryptos or close my positions in a trade and the price continues to go higher.
Did you make a profit after you have sold your coins? If yes, then why "fight a battle" with yourself? You reached your profit goals, be happy and start all over again with a new target. Maybe higher profit goal?
Sometimes i regret selling, while sometimes i just try not to look at the particular crypto anymore to avoid having regrets. 

Do you also encounter this? And how do you deal with it?
Like I said, move on. There is nothing to regret since in the long run the price will keep on increasing. It's inevitable. All you can do is reinvest your profits in bitcoin or other crypto currencies and make more profits. Don't sell when you are not ready. And keep repeating without regretting.
2286  Economy / Trading Discussion / Re: Don't stay on with a wrong trade on: February 19, 2021, 06:06:10 AM
If the coin price movement does not match what we predict, it is better not to continue trading, we must exit immediately.
The market is unpredictable. You should not stop trading it if does not match your "prediction". This is not how trading is supposed to work. Unless you really trust yourself and you are not willing to take any risk at all, you should continue trading even if your expectations don't meet. You should always be prepared for the worst. Sometimes being prepared may help you take advantage of unknown/unpredictable situations!
Actually what causes us to often lose in trading,
because it involves too much emotion. If we want to be successful in trading, we must be able to control our emotions.
Unless you are some sort of machine, every human has emotions that they cannot control. Easy to say, hard to execute.
2287  Economy / Gambling discussion / Re: Do you take team's cohesion into account when betting? on: February 19, 2021, 05:38:05 AM
Yeah, it does matter I would say. But it would be hard to know the exact "cohesion" between the team members unless you know them personally or you have been following them for a very long time.
One should actually take that into account along with other factors such as their strength or weakness when playing with other teams. Teams that have better cohesion has better chance of winning
Do you think it matters in real life, or is it just a nice fantasy of a TV show?
It does matter, but what ever you see on a TV shows are bit exaggerated.
2288  Bitcoin / Bitcoin Discussion / Re: Why don't American Companies make Bitcoin Miners? on: February 18, 2021, 09:16:22 PM
You got it right. Cheap labor, easy access to raw materials and availability of cheap products is NOT what you can find over here in the US. The production cost would make the price of the final product not look attractive when compared to mining equipment produced in other countries where the production factors are quite cheap.
So its much more profitable to import and sell it rather than making their own machines.
Or if you are talking about bitcoin block miners, power bills aren't cheap over here.
2289  Economy / Speculation / Re: Manipulation of price will decrease soon? on: February 18, 2021, 09:09:23 PM
Recently, we have seen lots of institutional fund to come in the market. Tesla have invested and possibly soon we will see rich people are using BTC as store of value. As the days go, we see the mcap is increasing. When it will increase more, what do you think, will the price manipulation be decreased?
We can't say that the price "manipulation" will be gone soon, but yeah, the more people use bitcoin, the less it will be manipulated. This is because eventually all the coins will be spread among people, hence lower chance of manipulating since the number of "whales" also starts to increase. I guess as more whales enter the market, the risk of manipulation increases, hence discouraging manipulators (because whales will be able to easily take advantage of manipulators).
If we look at the Tesla announcement, it didn’t create huge changes.
You are kidding right?
2290  Bitcoin / Bitcoin Discussion / Re: Will Nigeria Come Late to the Bitcoin Party? on: February 18, 2021, 08:01:10 PM
Was this a sudden ban? I have heard people saying that their bank accounts were closed because they were associated with crypto currency trading. Even those who traded months ago had their accounts closed. Are they freezing all the funds? Or they giving some clause which will allow you move your funds or enable your accounts again?
Any particular reason why they but a ban on crypto currencies? Feels weird to see how some countries are still opposing bitcoin while others are becoming more bitcoin friendly.
Probably they will once again allow users to trade once they have a better framework and be able to regulate crypto currencies properly.
It is not possible because Nigerians still make use of bitcoin. There are many active p2p market that Nigerians have moved to now which is better than bank transactions.
How will they cash their profit if its illegal to use?
2291  Economy / Economics / Re: Economist predicts demise of global central banks on: February 18, 2021, 07:29:13 PM
It is so obvious that printing and pumping money into the economy won't fix anything. Well, it might in the short run, but in the long run, it will cause trouble. Everyone knows that, but yet, the government acts like nothing is wrong over here. They probably have a plan B ready, or they just really don't care and believes that everything will go back to equilibrium eventually.
-snip-
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.

Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
I never though "destruction" of central banks would be positive event.
2292  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is it worth it to mine doge? on: February 18, 2021, 06:06:43 AM
Price reaching $1 anytime soon? I doubt. Doge coin is getting pumped right now. It has happened before with this coin. People pumps it and then it gets dumped. If you are joining the hype and want to mine because you think you will make good profit, then think again. Is it worth it? Depends on several factors. You need your mining equipments and then there is your power bills and maintenance cost that you need to pay. Can the coins you mine cover all those costs?
Ask yourself these questions and see if its worth it or not.
2293  Economy / Economics / Re: Is corona virus crisis changing economical equations around the world? on: February 18, 2021, 05:26:23 AM
The problem of today's situation is that we were ready for anything - climate change, financial crises, wars, natural disasters, but not a PANDEMIC that really affects many aspects of our life and leads to the stop of most service businesses, as well as the destruction of communications and interaction between people and entire world industries!
You really think we are ready for the climate change? Sorry, we are not. In fact most don't even care and others can't even acknowledge global warming. This climate change highly likely won't affect us, but the future generation will face the consequences of our negligence. And oh, please don't get me started about financial crisis, wars and natural disasters. If a pandemic can cause such destruction, imagine what the others are capable of doing.
The second problem is that nobody knows how to solve this problem. Vaccination - it is still very early to judge the effectiveness, quarantines and lockdowns - only exacerbate the situation ... No one knows what steps will give real results ...
We know how to solve it but its those dimwits against vaccination and lockdown that is making us lag behind.
2294  Economy / Economics / Re: Richest people getting ready for economic crash on: February 18, 2021, 05:17:06 AM
How did you come to this conclusion that the economy is going to crash again? I mean economic crashes do happen when some unrest is going on, which we have already went through. In fact we are now in a recovery stage which is actually good really good. I don't think we are going to see another crash anytime soon. If that happens, things are going to get messed up.
As many institutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.
Makes no sense. Why crypto currencies become a "cheap asset" after selling to average people? To make it a cheap asset, they will have to sell it for cheap, which would be stupid of them.
Because when alot middle class and poor people start buying it means crash is near.
Lol, what?
2295  Alternate cryptocurrencies / Altcoin Discussion / Re: taking profit can be hard sometimes. on: February 17, 2021, 09:27:59 PM
-snip-
kindly share your ideas that might be helpful to solving this issue.
Understand the market first. Learn how it works. Don't think that you will always be making profit. There will be days where you will be losing your money due to small mistakes. Instead of losing your hope, learn from those mistakes. Try not to repeat it.
Also, when trading make sure you know what you are doing and getting yourself into. Don't trade and invest in coins because of a "hype" or "trend". Even if you do, make sure you exit as soon as possible. Because, when a hype or trend drops, so does the price of those coins.
2296  Economy / Gambling discussion / Re: Sponsor Money from Casino, Is bad or Good? on: February 17, 2021, 09:13:49 PM
-snip
Right now, I'm want to hear everyone's opinion about sponsor money.
-snip-
What exactly do you think is wrong over here? I don't see anything wrong when a casino sponsors someone to advertise for them or review their casino. Its more like they are getting paid for promoting their casino and letting everyone know about it. Sure, the reviewer might be biased due to this, but then, if someone believes everything a random guy on the internet says, then he is an idiot. On other hand, I doubt any "streamer" would risk their reputation by giving biased or fake reviews.
I would say sponsoring isn't wrong in this case. The "streamer" earns, the casino gets promoted and others get to know about the casino.
2297  Economy / Speculation / Re: Bitcoin crash is inevitable on: February 17, 2021, 07:07:55 PM
The more it goes up, the more correction it will have? What do you mean by "more correction"? It's  not like the % of the correction is going to be higher the higher the price go. I doubt that's how correction works. Maybe we will see the price correcting it self by dropping at most 15%? Anything more is more like the price getting dumped and whales cashing in their profit. And I wouldn't be worried about corrections. Corrections are more likely to create a healthy market. New investors joins the community which means we will be seeing more adaptation of the crypto currencies.
But yeah, anyone who think the price will never dip are indeed naive.
2298  Bitcoin / Bitcoin Discussion / Re: Will bitcoin end the dollar’s reign? on: February 17, 2021, 06:40:33 AM
Bitcoin can not end any currency, since bitcoin is as yet very little famous among us. Half of the world doesn't know what actually bitcoins is and those who know about bitcoin accuse it of a scam. Also, how would we purchase bitcoin if the cash gets end?. We won't be able to exchange. For me, dollars or any cash ought not to end. It might make a few issues and hurt the bitcoin itself as well.

"Very little famous"? You are kidding right? It is no longer unknown. I bet almost everyone has heard about bitcoin. The news is everywhere. Social media, mainstream media, magazines and where ever you go, you will see and read about crypto currencies. Walk around a crowded city and you will see a Bitcoin ATMs one after another.
Big companies are investing in bitcoin. Well known and famed people are talking about it. It's no longer a "secret".
Bitcoin can not end any currency
It won't. At least not in the next few decades.

2299  Economy / Trading Discussion / Re: Big Dump on: February 16, 2021, 07:22:09 PM
I started selling. I was confused is it good to exit and buy low later.


My buying price was also good and investment  not much.


I was in a loss of around 300$ almost


It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.



What do you all say?
Why did you sell at the first place when you saw that you will be losing $300? Again, I am bit confused over here. What do you mean by "your buying price was good"? Did you mean you bought it when the price was very low? But then the price started dropping and you sold? If that is the case, then you should have known better. You know that the price is volatile and panic selling won't get you anywhere. Remember, as long as you don't sell, no matter how much the price drops, you don't make any loss.

I would say, if you are "able" to invest, then go ahead. When the price drops, keep holding. As long as you have spare money that you won't need even during you financial "crisis", then go ahead, invest!
2300  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: How to find the best crypto projects to invest in? on: February 16, 2021, 06:01:52 PM
Looks like you are advertising your platform over here. Maybe make a proper announcement thread?
Anyway, I wouldn't recommend anyone to use a third party website to look for "best" crypto projects. This forum is in fact the best place to hunt for good projects. Those third party websites gets paid by the projects to mark them as "best. Hence you will get biased reviews from them. On other hand, if you use this forum to look for projects, you will get a better view of the projects. If a project is plain scam project, chances are they will be caught by the members of the forum.
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