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2321  Bitcoin / Bitcoin Discussion / Re: A reminder about the media on: November 24, 2022, 09:07:01 PM
And the truth of the matter is that media will always tell a story the way people wants to hear, while taking advantage of the current market movement just to drive traffic to earn a penny, because I can remember last year how we got so many prediction after the ATH bull market, of people saying Bitcoin could likely hit $100k before the end of December 2021 simply because the market was bull back then, and likewise same thing now happening all over the media of most people predicting Bitcoin couldd fall to $10k due to the recent bear market caused as a result If FTX hack and Russia/Ukraine war
So the fact here is that there will always be news on social media predicting the possible price movement of Bitcoin at all times.
I feel like they do not even tell a story the way people want to hear, they just tell a story that will get a lot more attention. This doesn't need to be what people want to hear, as long as it gets attention, it could be hatred as well as long as it gets clicks.

That’s what media cares about these days, clicks, which means that they can tell the truth, tell the lie, tell good thing, tell bad thing, it really doesn't matter to them as long as they can get attention. One million unique visitors to a website equals to a HUGE company, and I mean huge, and you need just one website. So, it is very important to attract people to the website all together.
2322  Economy / Trading Discussion / Re: Accumulation phase is out!? on: November 24, 2022, 08:08:04 PM
If you are actually looking to accumulate then you can't say that phase is out with these little pumps and now we are still at $15k so this is best price at this time for investors but few months back even $20k seems too low and good opportunity.So it all depends on time and those who want to invest in long term they will be in profit at $30k or above also so don't overthink about these chart pattern.
They just have to take this example that when people have been accumulating at the rate of $30k-$40k, we've told that it's the best time to buy because it's the lowest that we've seen at that time.
Now, we're also going to say the same thing and while those investors have bought at those prices, they have to look at that point that they're looking to bitcoin at its another lowest point of its price.
If people have been keen buying by x2-x3 from the current price, they should get themselves out and start buying when it's visible and low compared before.
I would guess that it was not a "bad" advice at the time, and the fact is that accumulation is something you do constantly, which means that you could have bought at 30-40k but then bought at 20-30k and now at 16k and keep doing that. It means the idea is not to just find the bottom and buy many there, the idea is to buy as many as you can when you have some money to invest, and do it instantly so that you have more bitcoins.

As long as you keep doing that, eventually you will be in a huge profit and that will be great for you. I am not saying it is going to hurt you or help you, but it will definitely allow you to make a profit in the very long run.
2323  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: November 24, 2022, 06:52:32 PM
Despite that some of my Facebook friends are getting insane profits in futures trading, consider themselves lucky. Spot trading is the safest bet when it comes to day trading as futures is more of a gamble. Even if you are setting a stop loss, it’s still a loss.

Expect more losses in futures trading as a newbie or beginner. But experienced ones aren’t exempted, especially some of my friends who are doing futures trading in Binance. They might show off their gains, but refusing to show their losses.
I do agree that it’s just pure luck to a point when we are talking about futures trading. I mean if you are trading with high leverage that means you are risking way too much, sure the rewards would be huge as well if you are right but that doesn't mean that it would be a low risk neither.

You could end up losing all of your money with just a 0.1% drop if you are stretched too thin. This is why always be careful about what you are doing, it could end up with a bad return in the long run. I personally agree that spot trading is safer, it could give you as much as 10x return if you buy and hold the right coin and it is not going to be 100% gone most of the time.
2324  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: November 24, 2022, 02:28:52 PM
Adelaide Strikers Women vs Brisbane Heat Women in the match Brisbane Heat Women won the toss and decided to bat. Brisbane Heat Women scored 132 runs in 17 overs. In this match Adelaide Strikers Women bowled hard and Brisbane Heat Women put a lot of pressure on the batsmen in this match.  It is performing very well.
Brisbane Heat Women have given a target of 154 runs which is not much and sometimes it becomes a big target. Adelaide Strikers Women already managed to score 76 runs in 11 overs after losing 3 wickets. The required run rate here is 8.78 which is not very high. But they still have the risk. If two more wickets are taken easily, Brisbane Heat Women could turn the game in this match. And after just 4 overs we will be able to predict about the result in this match.
Spirited Adelaide Striker fighted back and done amazing job through their power hitters Deandra Dottin 39 from 21 balls through 3 sixes and then Bridget Patterson 45 from 26 man of the match performance from another power hitter Laura Wolvaardt 47 of 45 this was heartbreaker for the Brisbane Heats as they were dominating but at the end lost this close encounter, and now they have to wait for another season for having place into final two were now we have Sydney Sixers vs Adelaide Strikers on 26 November.

Now final is going to be the most exciting match of this season as both top rank teams are already in and their firepower is waiting for giving their best for this season's title which could end in any way.
2325  Economy / Economics / Re: Why Bitcoin is the only crypto you should BUY on: November 24, 2022, 01:28:54 PM
This mean you're still supporting top 20 cryptocurrency!

Don't get me wrong, but BNB is also created to get more money for Binance since exchange coin is really useless. Don't forget Luna is top 10 crypto before it going to crash, since you're saying it's good to invest on top 20, those people aren't wrong to choose Luna Tongue

Invest a coin because they have huge marketcap and high volume is really pointless opinion.
I am not saying don't invest into top 20, but I am also not saying you should, I am just saying that anything out of top 20 is out of question, and when we are talking about top 20 then you start to question it. That is the difference between looking into something and not even looking into it.

For example, I would have looked into Luna, and decide not to invest, but I wouldn't even look into wave, or anything at that rank, do you understand the difference? Like I looked into bch and bsv as well, or even xrp, and I do not invest into those, bch was like second or third biggest at some point and I did not invest. So, top 20 is not what you should invest all together, it's only place you should look, but could decide not to.
2326  Alternate cryptocurrencies / Altcoin Discussion / Re: The market will come back bigger again on: November 23, 2022, 09:48:42 AM
It is during bear market you see so many doubting Thomas, many people are not so optimistic about btc coming back bigger, time will tell. I know btc is capable of coming back even stronger and bigger, there is no question about that.
One thing i have come to understand is - no matter how old some people have been in this space, no matter the number of btc winter they have experience, it is still very difficult for them to stomach this type of situation.
My faith is very intact, so far, and i hope to keep it this way. My desire is to detach myself from the market as much as i can (as in keeping up with price).
There is no denying these are hard times, worrying over it won't change anything either, it is better to seat tight and wait for market turn around, we all need patience to get through these days.  
I have said this to many people as well, I told everyone that bitcoin will make a comeback and it will be 100k+ but for now people are not trusting that it will, or at least they do not think that it will be anytime soon.

I guess that people just don't want to see the potential profit making ability here, and that’s fine and they can think whatever they think, but I believe that it is going to be fine and it is going to be 100k and it will be before people imagine it will be. So, selling at this point is a mistake, people who sell right now are making a big mistake, there should be a lot more people who are buying, not selling and that would be a lot better.
2327  Economy / Speculation / Re: All Assets are seized for FTX... Its over! on: November 22, 2022, 03:23:33 PM
It's worse than Mt Gox, because FTX happened at a time when money is fleeing risky assets to the USD.
There is a lot less money circulating than last year because of Fed rate hikes. Not so easy to borrow anymore.
So people that were sitting on the fence wondering if to cash out into USD, suddenly FTX headlines gave them a reason to do so.
It could never be worse than mt.gox, the initial "hack" for mt.gox was 400k bitcoins, can you imagine how big that is? Sure, wasn't as big at that time, but that money is still out there, I am sure some people must be tracking it, or maybe it’s not moving at all, but at the end of the day it’s not burned, it's "there", which means that we are talking about at least 5-6 billion dollars all stolen in a single move right there.

And at top prices, this was at a 20+ billion dollar deal, and yet because the price was low those days, it looked like a few dozen million dollars at most. I believe nothing in history of bitcoin world will be bigger than mt.gox ever.
2328  Economy / Economics / Re: Twitter Crypto head and staff resigns on: November 22, 2022, 02:43:04 PM
I think Elon Musk forgot that he can't eat his cake and have it back. He had fired many of the twitter employees and now the rest of then have decided to resign and this will have a big blow in the tire Twitter as a company with greater effect. I saw the news that he had booked a meeting the employees so that they can have a dialogue on how to resolve the matter.
If these people finally leave twitter, many things will go wrong with bigger consequences on the company. I still don't know why he decided to fire many of twitter employees at the first time. Let's see how this will work out.
You are underestimating his talent, don't forget that he ran Tesla or Space very well and was the richest man in the world at a relatively young age. No one knows the exact story behind that but I believe he is doing his job well. Laying off old employees and bringing in employees is also not new, it is almost a tradition of businesses.
If you read the news about Twitter, they also just announced that they just hit a record number of users.
The problem with that is the fact that Tesla was not his company, it was someone elses, so it was a company already doing fine, and lacked financials due to building a car costing a ton of money, you need to hire so many people and own so many things all of which costs money, and you can't just sell the car right away, you need to first perfect it.

So, he overtook it, and bought it from the owners and acted as if he was the founder, which he is not, he just some rich guy who took it. SpaceX is similar in mindset, other people came up with the plan, and he just paid for it. Twitter was already doing fine, and he overpaid for it, etc etc basically it’s a pattern for him.
2329  Bitcoin / Bitcoin Discussion / Re: Teaching my nephew about Bitcoin on: November 22, 2022, 01:48:24 PM
You are all corporately dressed up and with a whiteboard to teach your nephew about BTC at home Roll Eyes, i do not support teaching children about BTC, but if you must teach them i will propose for it to happen in a less serious way than this, using your laptop or casual talks over the dinner table about BTC is okay, just that you may not be able to take photos that way Wink. Many member's have been making posts of them teaching BTC to their students, friends, nephew, etc, good luck to the lot of you, but maybe posting it is now unnecessary.
If you do not teach children about finances early on, then they are going to grow up learning about it too late. When I was just 7 years old my father started to talk about finances, and I learned everything I learn from him, and saving a bit aside whenever you get your salary and consider that never existed was the biggest lesson, if I bought bitcoin with it for the past 7-8 years, today I would be a wealthy man, with tens of millions of dollars easily.

However, I wasn't sure so I didn't do it, and that’s why it’s not that easy, it’s going to be a bit of a hard time before I could end up with that much bitcoin but at least I keep doing it, no matter how much, even if it’s just 20 bucks I will buy bitcoins with it when I find some money.
2330  Economy / Economics / Re: Why Bitcoin is the only crypto you should BUY on: November 22, 2022, 08:44:23 AM
Altcoins were born inspired by Bitcoin, so every company launched tokens and coins. Regardless of what the end goal is, I don't think it can be generalized that all altcoins are scams. Perhaps more precisely you could say partially. You are right that Bitcoin is the only one that doesn't have a centralized company, but you should also know that there are altcoins that serve the same purpose as Bitcoin in terms of maintaining anonymity. Don't just because the Luna and FTT cases make it difficult for you but behind the scenes you are still using CEX.
I think the end goal for 99.99999% of the altcoins that was created were to make money for the founder and nothing more. I am not saying that we shouldn't invest into alts, like ETH and BNB are solid ones that I love so much, but people are going down the list way too much, investing into something that is not even in the top 20 or something and then they cry when it goes down.

Just realize that nobody has your best interest in their heart, only you have it. So, invest into things that people cannot abuse to make themselves richer. Luna and FTX had that chance, and that’s why they went down, bitcoin doesn't have it, that’s why it won't go down like that.
2331  Economy / Trading Discussion / Re: Biggest reason why you dont make profit first on: November 21, 2022, 08:25:30 PM
it is not easy to maintain psychological stability when the market crashes like today and this is compounded by the FTX case which makes people no longer trust exchanges and withdraw all their money and some even sell assets at a lower price. the impact of the FTX case is being felt today.
Now is the right time to invest and wait for the bull market to come, but we also have to be prepared if the market continues to show crashes.
It would actually be the most important thing, because when the market crashes, if you could keep your emotions at bay, then you know what to do. It’s as old as time, you just DCA and buy a ton of bitcoins if you can, and I know most of the world is not at a point where buying bitcoin is possibility, not everyone has money and I certainly lack funds to buy more right now, hoping that after new years I will be able to invest some more.

However, if you let your emotions impact your trading, then you are going to be doing a lot worse and that’s going to cause you to have a ton of trouble, I suggest everyone to stop "feeling" things running their trades, and start using just their brains and nothing more.
2332  Bitcoin / Bitcoin Discussion / Re: How will CBDCs will impact Bitcoin? on: November 21, 2022, 06:09:20 PM
Still won't give any effect to bitcoin, believe me. Again, CBDC is fiat, what do you want fiat to do other than make it a means of payment? You want to make it an investment? Impossible. Then why should we be afraid of CBDC?
I repeat, CBDC's just a means of daily payment, to buy burgers, tacos, Pepsi, pay rent, etc.
Some governments promote CBDC as a better and safer crypto so there will be some impact as decent number of potential Bitcoin users will not learn about it enough to start using. In another hand using digital money will give an experience of doing so and motivate some others for learning more and to know about Bitcoin what is an impact also. May be impact will be not too big but some impact will be.

But yes, CBDC is just another form of fiat, I totally agree.
I think it is not going to be an alternative to bitcoin but more like alternative to usdt, which means that there will be a lot of people who will use it, and it will be very much liked. All these people who claim that it will hurt crypto do not know what they are talking about, if a government is doing CBDC that means they are actually promoting crypto to a point and that's a good thing.

I believe that we are going to be doing just fine and it should be something we really enjoy and promote ourselves as well. If a government accepted it and uses it, that means they are actually quite fine about crypto as well and that means we can promote crypto saying the government promotes it as well.
2333  Bitcoin / Bitcoin Discussion / Re: How important is fiat to Bitcoin? on: November 21, 2022, 03:08:02 PM
I will not agree with you on the part that "bitcoin can do without Fiat and Fiat can also do without bitcoin " how? And how many things have you used bitcoin to buy in your locality? Bitcoin is only an alternative currency to the Fiat currency, and that means bitcoin can't stand alone because you can not use it to buy things in your local market. But Fiat can be used to buy things both online and offline but bitcoin is only online. Therefore, it is only Fiat currency can be used to buy things in my locality but bitcoin can do things without Fiat currency. Bitcoin cannot stand alone but Fiat stand alone.
I guess bitcoin can do without fiat is a future promise, not something we can discuss now. So for example, we could end up with all of the fiat in the world gone, and just use crypto and it will be fine, there is really nothing wrong with it.

I personally would love to see something like that happen one day. Imagine all the fiat gone, and you only have bitcoin and then some alts but everywhere people use bitcoin, just like legal tender but no fiat available, just bitcoin. That would be so amazing, it would also allow that no government could just play with it, right now they are printing money however they want and change laws accordingly, bitcoin would be decentralized.
2334  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: November 21, 2022, 10:42:28 AM
There is another T20 match between New Zealand and India on November 22. I will also consider India as the champion. Because their current squad has been great. Suryakumar Yadav scored a century with 217 strike rate in T20 matches till the end he remains unbeaten. For this, India got a big win against New Zealand by 65 runs which is appreciable and one of the Indian greatest matches of this era. They will perform well in the upcoming match under the leadership of Hardik Pandya. But many have already uttered that Hardik Pandya could not show his performance in today's match. Their ideas are the main reason for captaincy. But I think there is no point in bringing up the negative aspects as India win the match.
New-look India under Hardik Pandya done amazing performance in second Twenty/20 match of this series after first match completely washed out due to rain and SKY is surely new hero with his amazing skills and impressive batting most of the players done good job as now they were playing fearless game which helps them for having big target 191 which bring down Kiwis before start of their batting and after start of their batting bowlers were also on target specially Bhuvi is still having good potential for controlling opening batsmen.

Now it's all on BCCI management how they keep this team because giving them free hand allowing to play without any pressure is surely going to be brought new standard for them most of the youngsters are having natural talent which needs some experience for having positive results and with the keeping mission of next world cup in mind they can take good results.
2335  Economy / Economics / Re: Russia To Legalize Use Of Cryptocurrency In International Trade on: November 20, 2022, 06:21:21 AM
What is surprising to me is the fact that Russia have come around to accept the use of bitcoin in large base to trade mostly during these times with war efforts and sanctions imposed. It is good, as it will ease the major world of the recession issues we are facing. I know the war is a contributing factor to the high inflation and scarcity of natural gas and other much tradables that have been needed.
The country has been known for its strict policies and this acceptance I feel will affect the rate or influence the crypto market if enacted.
Surprising in a way that Russia is a strict country and are very allergic in many things but it's great that they made an exception with btc. I think that's because they found that btc is not controlled by anyone so they know that no one would stop them if they use this. Anyway, this topic was posted way back on September, so if you are active that time then this news won't surprise you anymore.

There's also no recession that time but I think we are at it now. Russia might still be using btc but is there any change the way we feel the recession? I guess there's nothing and even the btc itself is also been affected by it. Just continue doing your best, I know we can survive a situation like this.
2336  Economy / Economics / Re: Crypto should follow Satoshi's vision. on: November 19, 2022, 04:26:58 PM
In fact, there are many reasons to choose CEX over DEX. I disagree with many opinions that investors are indistinguishable, and not aware of the risks when they use CEX. We all know but this is a choice and a risky trade-off to find comfort or a job, I don't see a solution for day traders if they don't use CEX, where will they make profits? or a place to convert fiat to crypto conveniently as you say. All these things DEX has never provided fully and is not as easy to use as CEX offers.
I would say fiat to crypto or vice versa is a good reason to use CEX, that part is true but that’s not trading, that’s just getting in and out of crypto and trading is something else. Using dex would give you a lot of freedom, and it’s not risky at all, whereas using CEX has all this type of problems such as what happed to FTX and a million others before that.

This is why I highly suggest everyone to take a look at the situation at hand, and do not be worried if DEX scares you at first, because it does that to everyone, but you will get a lot more comfortable with it over time. I know you feel at ease when you use CEX but that’s because you have been doing that for a long time, when you move to DEX, eventually you will feel the same.
2337  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: November 19, 2022, 02:29:22 PM
Is there a person who consistently profits in futures trading? I used to think that the end result is profit, but the continuity of profit is something close to impossible, and 5% is considered very high.
What is the source of this data or the closest analysis to reality?
So the majority will lose their money even if you are experienced.
There is none, I can guarantee you that. I do not mean that the overall result wouldn't be a profit, there are people who make money from this on the long run, like let’s say they make 3000 profits then lose 2500 and then make 4000 profit and lose 3000.

Those type of people do exist, the overall results if you look at them yearly would be a profit, not a common thing and very rarely found because most people lose money obviously but the long term profitable ones do exist. But there are NO futures traders who make money consistently, they all profit some and lose some, there are none that profit all the time. That’s why you need to be ready for the loss while making a profit.
2338  Alternate cryptocurrencies / Altcoin Discussion / Re: SBF said: WHAT HAPPENED? on: November 19, 2022, 10:35:10 AM
I also believe in this conspiracy theory, It is also my belief that this was a pre-planned accident. It should also be noted that all of these people are Democrats, and the SBF donated 400 million dollars to the Biden administration during the last election as well. He is the 2nd biggest donor of pro-democracy party and most likely all this donation is user money from FTX. In the end it's all for the sake of US politics, LOL.
Rumor has it that Congressman Maxine Waters will preside over the FTX investigation in the House.
Not all of them are democrats, you could trust whatever you hear or listen from republicans all you want, but it is not going to get your life any better, you are just going to get more bitter because of the false information you have been fed. First of all, Mike Pence is there, you know the one? The vice president to Donald Trump? Secondly CEO of Tiktok? Neither republican nor Democrat obviously, CEO of amazon? The guy who destroyed any attempt on unionization, the thing democrats cared about? Netanyahu?

The one that progressives hate so much because he is responsible for killing so many innocent Arabs in his nation? I can go on, but yes, there are "some" democrats such as Janet Yellen, Van Jones and such too, so it is not "all" democrats, it is both democrats AND republicans together there. Be well informed, the picture is right there, you don't need to be lied to, just look for yourself.
2339  Alternate cryptocurrencies / Altcoin Discussion / Re: Market is about to pump on: November 18, 2022, 08:46:52 PM
People were saying that nobody will use the internet for buying things, but 20 years later people are buying stuff online more and more. Internet, cars, and some other things had the same beginning, people couldn't accept there's something revolutionary is happening, and no matter how strongly you are holding to "old is better and more trusted" sooner or later you will be run over. I think that the same thing is happening with crypto, it will take time for adoption on some higher scales, but that is coming. Like you I am not sure that we can predict the bottom, the prices can drop more... and who knows when the market will get some boost, probably after the next halving. I am trying to not even think about that stuff anymore, simply holding and waiting will pay off eventually.
I agree that bitcoin will definitely grow, but we are above that "nobody will buy things online" stage already, it’s not at a point where it is doing that great or terrible, it doing alright for now. That is why I believe that we should be hopeful about the future of bitcoin too but we are not at that low level, we are above that already.

This means we will grow, and grow a lot in the next 20 years, but maybe not that much. I am sensing by 2030 we will be 500k by 2030, and by 2040 it could be 1-1.5 million dollars, because above that it would be quite difficult. Not that it’s impossible, but would require a high amount of inflation again and again.
2340  Alternate cryptocurrencies / Altcoin Discussion / Re: SBF said: WHAT HAPPENED? on: November 18, 2022, 06:56:31 PM
The crypto world has to work on its overall reputation for immaturity ranging from security issues to hacking can only push newcomers away from adopting cryptocurrencies. I think there needs to be an effort to protect legitimate services from attacks like this. whether we have made or lost money with our investments.
That will grow exponentially, but first we need to realize how to use it first. The fact that all of this is happening constantly is because people are falling for it each time, and that means if I can steal billions from people, then why wouldn't I do that? I personally wouldn't because it is not moral nor ethical and I feel like I would feel shame all my life and would not be able to live with myself if I ever did that.

But, the criminals of the world don't care about that at all, they just ignore it all together. Which is why I believe we shouldn't really be letting them make the decisions anymore and just not fall for them, if we stop falling for it, then they will stop doing it.
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