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2301  Economy / Economics / Re: Does Japan fall behind in the crypto industry ? on: December 03, 2022, 08:38:02 AM
Actually before 4-5 years ago Japan was literally doing amazing things with the crypto. They even experimented the Bitcoin OTC program where over the counter buying and selling was completely legalised throughout the country and they started with it real quick. I think in 2017 bill Japan had many things to contribute on since they were using bitcoin on larger scale. Now I am not sure the documented scale matches to this or not but definitely Japan has lost the track after covid. In fact there is also not much of news about the Japan recently which connects with bitcoin. That’s actually strange.
They are still using it as a means for a currency, just like it was planned to be used but not so much as investment. Japan is a very rich nation, compared to their population they have a very high purchasing power compared to other nations but also a high living expense.

So, imagine an American who makes 500k a year, but pays 400k a year on rent, he would be able to live with the rest, buy a car, buy tv and playstation etc easily, but not left much due to high prices in other things. This is why they do not really invest into bitcoin, but they do use it for paying stuff and that is what the original idea for bitcoin was, and it is actually a great thing to do for the bitcoin world.
2302  Economy / Economics / Re: Tesla Co-Founder Is Now Recycling And Processing EV Battery Minerals on: December 02, 2022, 12:01:02 PM
those enviro fears were circa 2010...

tesla co founder JB Straubel has been in the recycling business a few years now. so kinda old news now
I have seen many claim lithium battery recycling is impossible in 2022.

For whatever reason. Maybe they meant to say lithium recycling is difficult and not as simple or clean as lead acid battery recycling.
Saying it is impossible is a factually wrong thing. Could you say it's expensive? Maybe, could you say it requires too much effort? Definitely. Could you say it requires a high entry barrier so not everyone can do it like regular waste management? For sure, guaranteed. However, saying it is impossible is idiotic.

First of all, if you REALLY want to get rid of them, Tesla is also owned by the same guy that owns SpaceX, worst case scenario, he would just chuck them out to space if he ever wanted to, never to be seen again, and here you go, clean world. The problem is not about recycling, or getting rid of it, the only problem about this is how expensive it is, that's reasonable complaint about it, but that's it, expensive and impossible are not equals.
2303  Economy / Economics / Re: EU Moving to Ban Privacy Coins: Report on: December 02, 2022, 09:26:32 AM
The European clerks are doing something in order to justify their salaries and their pointless jobs. Grin
It's funny how those news about banning something related to crypto happen always, when there is a price crash, bear market, big crypto company scamming their investors, bankrupts, etc. You won't read such crypto news, when the crypto market is bullish and the investors are making money. The Privacy coins might be banned from crypto exchanges, but this won't stop the regular crypto users to use them.
I don't know how the authorities would be able to track the transactions of a privacy coin and catch the people, who are transacting.
That is quite the explanation for half of all the lawyers and politicians in the world. They end up working towards making sure that they look like they work, and end up with some sort of result, even if they fail, they looked like they worked for it and they just failed, and they would prefer to succeed as well.

So in this case, it is about crypto and privacy coins, as we all know they are not a big deal, they are not even high up there in the rankings anymore, not many people use it, so spending resources on making sure they are banned would be waste of resources, and yet they still do it. Because of exact reason you said, to make sure they look like they deserve their salaries.
2304  Economy / Trading Discussion / Re: Secret of success in futures trading on: December 02, 2022, 08:09:05 AM
I have a feeling that you're doing a sort of advert for your own trading signal and no proves to it.
I really don't trust the signals provided by others and even when I get signal from other people, I have to do alot of research before trying to give it a trial and if I get to lose , I wouldn't have to blame anyone but accept it as my fault.
Future trading is a very lucrative and also a very risky form of trade and one thing you must know is that most no one is actually certain of a trade in future trade but they must time hit a trade based on prediction and assumption.
People should take time to invest in learning how to trade before going into trade with real money
Well, that is exactly what backlink is also about as well. You could talk about your own website and signals and all of that, and nobody could like it, they could hate it, but as long as you provide a link for example, then it means you did your SEO work and you are done.

Bitcointalk is a high ranking website as well, which means that if you do it here, then it will help you a lot for your website. I would totally do advertisement here even if it wasn't about crypto, go to off-topic or something and do there, just so that we would be able to get backlinks. I don't, because I am not a terrible person, but marketing people do not see it as terrible and do it.
2305  Economy / Speculation / Re: Predictions, predictions, predictions... on: December 02, 2022, 07:29:05 AM
Right now, it's best to buy bitcoin and let people still say bitcoin is or will die. And soon enough, they'll be sorry they said that when bitcoin is on the rise again. We can still buy at the moment and while there may still be a dip later, that is another time to buy more.

I still predict a decline will occur but I don't know if it will happen or if it's time for a reversal. And if it does happen in a reversal, it could be a major reversal because bitcoin has already reached $69k. So get ready for that moment.
The more the FUN is the more we have chances to lowering prices and that means also a advantage for Long time holder like us.
buying at this stage(as it goes more lower i guess) will make us richer in the coming years.
maybe we cannot see that now but in the coming days? and the coming years? lol that is what i was looking for.
I have done exactly the same thing, I have seen the price going down and I didn't consider the short term and I bought it, and I am happy with my decision even if its even lower than where I bought it, because I know that it will do a lot better in the long run.

So, it is easy to make predictions, because my prediction is about 2030 and afterwards, and saying that the price will be 10x more than what it is today by the time it hits 2030 is not that difficult, saying that for next year would be very hard, or even 2 years later, but saying that for 10 years later is easy. So, I am predicting the price is an easy job since I give myself a long period of time.
2306  Economy / Speculation / Re: Bitcoin Is Approaching $17000 on: December 02, 2022, 06:38:32 AM
About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.
I do believe the same thing as well, by the looks of it there is a chance that bitcoin could have a great December, and wouldn't be the first one neither, for a while we haven't had any good Decembers, last I remember was the famous 2017 one and I hope to have another one like that this year. It would be awesome to see it go from 17k at the start and by the start of next year on 1st of January it is suddenly like 45k or something.

It is not impossible for it to happen, there is a good chance that it could very much happen and that is why we should be focusing on anything better in the long run. The great thing about right now is that 17k is a good "start", so it could be so much more.
2307  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful where you connect your wallet on: December 01, 2022, 06:20:24 PM
I think majority of airdrops doesn't work like that but you will only need to provide your wallet address in the submission form. Why not join those types of airdrops if you are scared of connecting your wallet? But, you should keep in mind that your wallet address can be exposed in public and someone can send you random coins which are shady.

We shouldn't touch those coins for our safety. Other than transferring most of your funds to a new wallet, why can't you just create a new wallet? That should save you time and transaction fees. It's also possible to know if the airdrop is scam or not by researching their name. Sometimes a scam airdrop will show a warning.
It is not about being scared, it is about not even wanting them. Just because it would be free, I wouldn't want 100 zimbabwe dollars neither, because we all know it worths nothing, so why spend time on it. Most of the airdrops require you to follow them on twitter, join their telegram group, retweet their tweet, and tag 3 friends.

This is the most common thin they ask for, and I believe 90% of the ones we have right now worth nothing at all, so why would I do those things for free? They believe that they can grow it and make it bigger thanks to your help, but I know that it won't and that means I worked for free and that makes no sense to me at all.
2308  Economy / Speculation / Re: December Has always Proved to Be a Good Month For Cryptocurrency industry on: December 01, 2022, 05:42:22 PM
Looking over the uncontextualized data, price has a good behaviour on only one out of the past four Decembers, being December 2020 structural the path to the subsequent 2021 ATH:



Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that we’re much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.
I love this image, I love the fact that none of the months in general look like a heavy green month aside from maybe February and October. The reality that we can learn from this image is this, you could have one month of 172% or something, and then 6 months of 5-10% drops, and that should tell you how bitcoin goes up. Maybe for the next 12 months we are going to have 5% drop each month until last month where we have 400% increase?

We do not know if that will be the case but this image shows it's also not impossible. Bitcoin usually slowly drops more and more and more, and then one day goes up straight like an arrow, we need to be ready for that and if we are not, we will always be too late to it.
2309  Bitcoin / Bitcoin Discussion / Re: Bitcoin's freedom is Absolute! on: December 01, 2022, 03:30:22 PM
If bitcoin is made as an alternative currency to the Fiat currency from your point of view, then there is a limitation in it which is also contrary to your point. Like if I want to buy shirt in my locality I can't use bitcoin to buy the clothes so I have to sell the bitcoin first before I can use the Fiat money to pay for shirt. And that is a big limitation of bitcoin. Bitcoin is an alternative coin, and that means bitcoin did not come to take over Fiat currency but it came to support it and make it stronger. The only thing is that bitcoin removed the third party control. Everyone control their funds. So if you have 1 BTC for 10 years, your 1 BTC is still intact. But in Fiat banks it you have 1 million, it will reduce within 1 year because their service maintenance fees, electronic maintenance levy, card maintenance levy, SMS levy, USSD levy and Internet Maintenance levy etc. Because of all these levies and fees, BTC comes the best of all.
The sad thing about the current situation is that people do not really keep their coins, they give it to others and that creates all these trouble. The latest one was once again an exchange, FTX, where people trusted their coins to them and they lost it and now people do not have their funds, while bitcoin itself is decentralized and gives you freedom, if you give up that freedom and give others your money, then you should not be shocked to learn that they used your money for bad stuff and lost it.

This is why bitcoin is not just a tech, but it is an idea and the tech part may have been understood but the idea behind it is still not fully comprehended.
2310  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: December 01, 2022, 08:19:11 AM
NFT are currently under utilised, and seen as just 'art' copyright credits

when VR/gaming starts to replace standard webpages. where people can actually interact with webstores in a 3d environment then the NFT of 'land registry' and 'real estate' kicks in.

people wont just buy land plots on a VR server where there are premiums if retailer wants to be closer to VR mainstreet. but then inside their own 3d webstore they also have tokens to buy floor space/advertising inside their store. so that product brands can pay to be upfront in your face as avaters walk into the webstore or cheaply sat at the back corner of the webstore
I said the same thing a million times and I agree with you completely. I believe that NFT idea of ownership could be used for so many more things, it could end up being utilized perfectly one day and could grow so much.

It is obvious that we are not going to end up seeing how it will be a year later, or ten years later we have no idea how it will be, but we know that it is going to be better than what it is right now. I hope that people will realize the key to success on this NFT business thing is not to have just art, but some other things. Gaming joined, but it was just items being NFT basically, we need something much bigger than that for sure.
2311  Alternate cryptocurrencies / Altcoin Discussion / Re: I will support Elon Musk if he creates a stablecoin for Twitter on: November 30, 2022, 09:59:01 PM
You will support Elon Musk if he creates a stablecoin and then pays 1 Million $ to each user every day? Do you even know how the economy and the market are working? You can not just create Billions and Billions of Dollars out of nowhere because that would generate such a huge inflation that all the money would be worthless. Also if everyone would be a millionaire then the world would stop to work because then there would be no more people that would do all the dirty and work that is necessary to keep he planet running.
That being said, i also support Elon Musk because he wants to make twitter to a place of real free speech and that is very important in my opinion.
I would guess "printing" money and generating money are different things. If he somehow earns more from the world than he pays, that would be possible to do without needing to print money.

We all know of course he won't be paying that much money, but lets assume for a second that he prints 100 billion dollars, and sells it, and then he decides to give 8% return on it, first of all that is 8 billion a year extra, and he already sold 100 billion dollars worth, so he could use that added money to make an income, and the rest from tesla, twitter, spacex and many others he is making profit already, so could he do it? He might but we all know he won't, that would be idiotic.
2312  Economy / Trading Discussion / Re: What to do when trading gives you heart problem. on: November 30, 2022, 09:18:22 PM
Apparently, trading is stressful and might kill you if you can't manage to handle your stress.
If we are in this situation, we have to urge ourselves to stop and move on. We just think that this is not the right place for us. Of course, we can still be a part of its journey and earn some profit in another way like being a casual investor (long-term).

We don't just think about earning money but also we have to consider our health as well as it was just nothing if we passed away already.
I do agree that we need to urge to stop, but it is also difficult to stop when you are losing money, or even when you made a lot. Because, if you lost a lot then you will want to get it back again, and if you fail to do that then you will lose even more, on the other hand if you earned a lot, then stopping would sound like a bad move because you made so much, why stop and not make more?

This is why even it makes us stressed out, many people still continue to do it. I personally moved most of my money into investment literally because of this, I believe that waiting long term is less stressful, I don't care if it goes down, because I am in no rush anyway.
2313  Economy / Trading Discussion / Re: Binance aml/kyc in the eu on: November 30, 2022, 08:53:01 PM
I have Binance, OKX, Huobi Global and Kucoin account. KYC is mandatory on Binance as we all know. I was unable to access Huobi derivative trading until I submitted KYC. OKX forced me to provide a mobile number when I wanted to withdraw, but that is still cool because that can still be done in a way it will not link to my real identity. I do not know much yet about Kucoin because I opened it two weeks ago, maybe the exchange will still make something pertaining to KYC mandatory or not, only email and password was required for sign up just like login in, it is the most recognized among those no KYC centralized exchanges.
I have to say KYC is not a trouble if you are dealing with exchanges because maybe you and I may not have millions in there, but the overall funds are in billions there, which means they are asking for KYC not for just legal reasons but because they would like to protect you as well.

If something goes wrong then they may ask for your KYC and request it again, this way you will be able to provide it again because you are still you, whereas someone else can't provide it because they are not you. This is why it's good, I had this back in the day in around 2017 I think, or maybe 2018 where someone tried to hack into my account and they were asked for a photo ID with current date, and they couldn't of course so they failed.
2314  Bitcoin / Bitcoin Discussion / Re: Why are some government scared of Bitcoin? on: November 30, 2022, 04:58:43 PM
The governments of almost all countries strive to maintain a monopoly on their own army and their own financial and monetary system. 

The UK even left the European Union so as not to lose its monopoly on issuing its own money (the British pound).  Central banks manage monetary policy very effectively, and through it society as a whole.  Therefore, they perceive Bitcoin as a surrogate money and a potential threat to their power and monopoly. 

Bitcoin was created by cypherpunks, that is, people who fought against the dominance of the state over the individual.  Therefore, many states are hostile to the first cryptocurrency.
That is not always so much great. UK kept pound/sterling when they joined EU and that was understandable level, they were already strong on that front and they didn't want to join and have their money turn into euro as well, not like Germany or France or Spain were horrible nations, these nations are big too, and Germany could be even bigger than most, or would basically be having more potential, but at the same time they accepted euro, but that's fine.

However, leaving European union was a horrible idea on UK's part, even if they wanted to have control over their own faith, that resulted with them being much poorer as we have seen, lost 20% in a few weeks. So, they might do the same trouble with crypto, any nation who is against crypto odes the same mistake.
2315  Other / Off-topic / Re: China Plans to Build Nuclear-Powered Moon Base Within Six Years on: November 30, 2022, 12:59:18 PM
one space X starship has a payload of ~100 tonnes

remember just 1 tonne is: 35274ounces ($56,438,400 of gold per tonne)
meaning it "could" carry $5.6billion of refined gold

if it costs $100m for a return trip to and from moon/asteroid that means it need to collect 2.3 tonnes of gold to break even

star ship can carry about 100 tonnes

so im sure the mining cost is not going to be 50x the transport cost
I understand the math, and I understand the want for something like that to become reality and I support the idea and whichever nation it is, if one eventually does it, then more wealth will come to earth so I am fine with the idea.

But, I would like to also help people realize that we had covid and failed to distribute masks to everyone and even convince everyone. While we are incapable of doing something as easy as this, that doesn't mean it is going to be that easy to build a whole lunar space base, imagine how harder that is. So, my idea is that humanity is not grown as much as we can organize in a way it could be growing enough for a lunar space station.
2316  Economy / Speculation / Re: Let's understand about what can be the actual long term holding... on: November 30, 2022, 05:51:22 AM
bitcoin's cycle is 4 year long which means your long term should cover at least one full cycle of bitcoin markets.
Yeah, but many people get know about bitcoins only by the times of ATH hence they invest bitcoins at the end of bull market or at the beginning of bear markets and then blame bitcoins. Halving should be the factor that every investor must follow for the perfect timing of investment. If they miss a right timing then they still have second chance to correct that by leaving their positions open for more than 4 years.

If we stick with basics of investments then we can easily convert deep bear markets of bitcoin into moderate ones.
People rush for profits which lead all of us experience high volatile. At the same time, when majority of bitcoin investors turn 'real' long term holders, I agree that we will have moderate bear market, who knows probably we may have relatively sideways market as well.
2317  Economy / Trading Discussion / Re: What to do when trading gives you heart problem. on: November 29, 2022, 07:08:53 PM
It's kind of ridiculous but let me give the OP some fresh pep.

Who knew that a few years ago there was a group of scientists who did a case study of heart attacks in the US. The possibility of heart attack was indeed a serious problem for traders several years ago according to their research results.

And the crashes of some of the crypto industry lately of course have contributed to many user problems that are not covered by the media including physical and mental health, family disputes many people.
I'd say something that's considered a joke can happen.
No, this isn't ridiculous but it does truly happen for real because crypto's movements are unpredictable. It can give us a heart attack when the price drops at a very low point, we can also get shock when the price rises on a very high point. It happens because they are highly volatile. If you have a heart problem then its better if we won't deal with it for our safety.

We must remember that health is wealth and it's more important than money because once it's lost, it can never be returned again or your life can be bought back no matter how much money you have. Mental health problems is also known here but I think this one is more manageable and not really a life threatening at all.
2318  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: November 29, 2022, 12:08:51 PM
Qualifying for the ODI world cup will be extremely difficult for Sri Lanka now. With 4 matches remaining, they are at 67 points. West Indies at 8th place has 88 points, and that means that Sri Lanka needs to win at least 3 out of the remaining 4 matches (1 against Afghanistan, 3 against New Zealand). And that is not all. South Africa is at 49 points, and they have 5 matches remaining. If they win 3 out of 5, then South Africa will qualify with 89 points (2 of their remaining matches are against the weak Netherlands side).
Right now, situation is very interesting with seven teams are already in for automatic qualification and remaining all teams are looking for just one spot from current situation I have a feeling most chances South Africa could be last eight team to qualify and after this all teams have to fight for their place into qualification round which is really shameful for the countries like West indies and Sri Lanka after T20i now in ODI they are falling down badly and have to play qualifiers which giving all details about their strength and domestic system which is also falling down badly with this all now it's time for them to do some work for increasing quality and performance in these two formats otherwise this could be ended in a disaster.

https://www.espncricinfo.com/story/icc-world-cup-super-league-scenarios-west-indies-south-africa-sri-lanka-and-ireland-contest-for-one-spot-1346818
2319  Economy / Economics / Re: The world’s baby shortfall is so bad that the labor shortage will last for years on: November 29, 2022, 09:02:03 AM
Perhaps in the future we will see that a slave system has been established on planet Earth.  

At the same time, people (of the Homo sapiens type) became the new slave owners, and robots, bots and algorithms became slaves.  

Such a social order may be aimed at the survival and development of mankind as a species.  

For example, science and technology ..

For the development of scientific and technological progress, a huge number of scientists and engineers are needed.  However, there are not enough smart and skilled professionals in these fields to research everything that needs to be studied and researched.  But if every scientist and engineer has a million assistants - neural networks, artificial intelligence, robots, algorithms, bots, etc., then such a specialist will be able to increase his productivity a million times.  

The situation is similar with an industrialist or a farmer.
Slave system is not really "gone" if you ask me. I am gladfully out of the regular 9-5 work life, I live a great life. But, I see my friends and my friends are living a life that is bound by shackles of our economic system.

If you want to quit your job, which many still do, you have to face starvation and bankruptcy if you fail to find a job. That is why it's clear that we shouldn't really be focusing on doing anything crazy like quitting without finding a job but still some do. Others, people who are afraid that they can't find a job, ends up with a trouble such as working at a job they hate and spending 1/3 of their life just so they can survive.
2320  Alternate cryptocurrencies / Altcoin Discussion / Re: How many of you believe in Litecoin? on: November 29, 2022, 07:21:03 AM
I've been also an investor of Litecoin as at that time, only Litecoin I can buy in whole. What I mean is that I can buy 10 Litecoin while I can't buy 1 BTC in whole, so for me it is an achievement to buy something like that and it is the second cryptocurrency and up until now it is exist and surviving, I still believe that Litecoin is a good investment though we don't hear any latest news about it, it still has a good volume and still in the top 20 coins.

But there are now many new coins which might take the market and such as Ethereum, BNB, SOL and ADA.
That is of course a great feeling and makes you feel richer. However, we should remember that if you can't buy btc, you could try to get 1 whole eth, and if you can't then there is bnb, and if you can't then you could do ltc.

However, just because you could buy it whole doesn't mean it's good, you could get tens of thousands of doge, or you could even get millions and maybe even billions of shiba as well and none of that means anything as long as the marketcap is low. What you won as a total worth in dollar value is what matters and if you could buy a good chunk of it as well. I personally diversify my portfolio and LTC is one part of it as well.
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