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2341  Economy / Speculation / Re: Don't you think Bitcoin will die over the summer? on: June 06, 2021, 05:25:58 PM
We already had seen that bitcoin reached $3k before, and many people said that bitcoin would die soon. But then, we saw the price increase step by step and finally reach the new ATH that we do not expect before. Besides that, we know bitcoin is above $30k, and even the price goes down below $30k, bitcoin price will have a chance to increase, and I am sure that will make a new ATH and the price can break $64k. It is about how people believe in bitcoin and still holds bitcoin, and if they are tired of holding bitcoin, they can sell it right now. But they will regret it later when the bitcoin price starts to increase and break the high price.
It will be basically the same, people keep calling bitcoin dead almost all the time and that is like the norm in the crypto world, there are some people for some reason (different reasons) who keep calling bitcoin dead or dying. These could be any type of person, it could be people who just hate crypto from the first time they heard, people who invested and lost, people who didn't invested and envy, people who invested and made money and just do not want others to make the same, people who work for banks and such, basically there are tons of type of people who would be willing to do this.

Long story short we are talking about something that would be just not valid and would be not something we would be willing to listen as crypto people, I personally do not believe that the same could happen here where bitcoin "dies", it will surely not die.
2342  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: June 06, 2021, 04:08:06 PM
Lately, we haven't noticed many tweets from John McAfee about crypto. But seems he is waking up recently and making tweets about crypto. But didn't made tweets about predictions nor promote any specific coin. He retweeted his 3 years back video ("The looming war on the horizon") where he talked and predict about governments and crypto war and he believes the war has begun.
Well, he’s kind of right about that. Cryptocurrency is our hope for financial freedom and I don’t think anything will be able to stop us from achieving that freedom with cryptocurrency. Cryptocurrency itself is that total freedom, especially when it is bitcoin that we are talking about here. Bitcoin gives you that freedom that you need financially. It is not like fiat where the government has control over everything.

We have seen some instances where people are able to achieve a purpose that would have been difficult to achieve with fiat by making use of bitcoin. We can all remember the ENDSARS protest and other ways that bitcoin has really proven to be the only means of freedom, and these are the things that we really need..
2343  Economy / Economics / Re: Bitcoin - Medium of Exchange Vs Store of Value? on: June 06, 2021, 03:35:23 PM
Bitcoin has the potential to become a medium of exchange since it has monetary value in which people transact with it along the blockchain. In addition, the transaction takes place without the intervention of any third-party consensus which provide anonymity.

Bitcoin can also be regarded as a store of value given its significant value in the market. The reason on why its value is so high is because of its limited supply and the willingness of people to purchase it at its price. It can be stored for long-term investment which has provided good returns as proven by the past.
Yeah, I see all of them as a store of value and not as a medium of exchange. The thing is that there is still fiat, and I don’t really think that bitcoin is going to replace fiat as the main medium of exchange. And as for gold, I am not even going to talk about that one, because gold doesn’t stand a single chance of becoming a main medium of exchange. When it comes to transactions, a fiat transaction is usually instant, when you make a payment with debit cards and credits, and even PayPal, they are always instant. Bitcoin is not instant, although there are also cryptocurrencies that are also instant, just like Tron and so many of them.
2344  Economy / Economics / Re: Biden Goes After Crypto Tax Evaders with Global Data Sharing Initiative on: June 05, 2021, 06:31:51 PM
I do not think that they would be very good at doing it even if they tried. There are trillions and trillions of dollars that is stolen from the public by via of tax evasion even without crypto, these companies store insane amount of money overseas, there was panama papers that came out and it showed that the whole elite is storing their money secretly in a panama bank just to not pay any taxes and even show it as a loss to get bail out money while getting richer in the real fact. What happened?

I can tell you that zero rich person got punished for it, the only consequence for this was the journalist who uncovered this was murdered for it, nothing else happened to the elite. So, I can with clear mind say that rich will still steal your money and poor are already afraid of the nation and IRS so they are already paying the heavy pay for the wealthy not paying.
2345  Economy / Speculation / Re: Will we ever see $10k per BTC? on: June 05, 2021, 04:12:35 PM
Will we ever see BTC below $10k? Actually I'm waiting for BTC to reach $20 so that I can invest my 50% and later on if price fall further, another 50%. But what if it doesn’t go such below?
I do not think that you will ever manage to get anything below $30k at least. I like to suggest you to buy at current price levels and you may wait for buying around $33k to $32k levels. Buying at any price levels will not disappoint you in long run and due to this, I am just wondering why you are looking for some highly impossible price levels like $10k.

If I remember correctly, I have seen similar topics in 2017 where people were ready to buy below $500k levels but bitcoin market never gave them any opportunity to buy below $900 levels but made them wait infinitely.

Will we see BTC $10k anytime soon? Maybe in next year or in 2023? Or I should start DCA right now?
In 2022, as per cycle of bitcoin markets, we may get 70% downfall from ATH of 2021. You may get lower price by December of 2022 but before that in December 2021 you may get a new ATH which might be 10x from current price levels.
2346  Economy / Speculation / Re: Bitcoin starting to recover on: June 05, 2021, 12:45:26 PM
Price is still Half way down from what the value in April and now sitting in the lowest level for the last couple of months.

Do you think there are still place for Bitcoin increasing this second quarter? or the value will settle back in the start of 3rd quarter?
We can't say it will recover back to its high price, you see, bitcoin is struggling, hence the entire market is struggling as well. Plus, the current tweet of Elon made the market dump again, and with that, the sentiment is now bearish and I don't see another bull run happening this year like breaking its current ATH.
It is not really struggling so much, it is fighting and there is a big difference between the two. Bitcoin does want to go up, the market wants to go up, people wants it to go up, we all work for it to go up right now. What happens? Elon tweets, Biden speaks, something happens and the price drops significantly.

This is why we are fighting and not struggling because in the end it is a war and you know never know who will win a war, even a tiny army with no resources can beat down a whole army with every tech, just ask Vietnam and USA, they will tell you all about it. This is why I think there is really nothing to be scared of, just try to hold your coins as strong as you can and in the end you will be the winner, Elon can drop the price only a certain amount, he can't continue to drop the price forever. We will be the victorious ones in the end.
2347  Economy / Gambling / Re: Stake.com - Casino & Sports - UFC Official Betting Partner - Play Smarter 🥊 on: June 04, 2021, 07:24:05 PM
Guys, we been waiting for this for a very long time ====> Jammin Jars II  ..... I am incredibly stoked to this this being launched over this weekend, because I have lots of time to play it.  Grin 

I like the new fresh graphics and the "Fruit Blast" feature ... here is hoping that we will see this on every Stake Streamers session for months to come.  Grin

The other new releases are also good, but I guess most of my time is going to be spend on "Jammin Jars II" .....Wish me luck!!!
Honestly I am fine with any new game, I hate that we are gambling in games that are not provably fair, games that are from another provider that is not related to stake, and in all sense we have no idea if they are screwing us over or not, there is no "proof" that they legit giving you the odds they tell you they are giving you or if they are ripping you of, they could be doing 2% house edge instead of 1% for example and you wouldn't know it, that way these suck.

However it is such a fun game while we are gambling and I know that stake would back us up if anything goes south with these games so I am feeling very comfortable about it, I do not trust these providers, I do not know them at all, but I trust stake, even though me and stake have bad blood over few things and I criticize them the most in any other casino, it is because I love them.
2348  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 04, 2021, 06:35:08 PM
-snip
No you're wrong RealMalatesta if the price of BTC is going to climb up you won't get the same prizes.
He was probably refering to the 'benefits' rather than 'profit'. Benefits stays the same though
Yeah you are right, that is what I mean. I do not care if the fun token price drops because what I can get from owning them stays the same, and I am not sure if the satoshi will drop or not when the price goes up but assuming that it didn't go up when the price went down nearly 50% I hope that it doesn't drop when the price goes up neither, it would be unfair for freebitcoin to keep the rewards same when there is a huge drop but change it when the price goes up.

However even assuming it is tied to dollar and not satoshi, then I would say that it is still the same dollar, so if you own X amount of fun token you earn Y amount of rewards and that never changes, if fun token is 1 satoshi or less you get it, if fun token is 10000 satoshi you still get the same thing, all same and good things and I am happy with that, I even like it because I would buy more of it.
2349  Economy / Economics / Re: SEC Chair Says a Lot of Crypto Tokens Are Securities on: June 04, 2021, 05:08:36 PM
Getting some distinct deja vu here.  Didn't we basically have this same topic three or four years ago?  I'm sure I remember someone saying the same thing a while back.  

Will do some digging...

//EDIT:

Yeah, I'm just remembering it was Gensler that said it in 2018, but it's behind a paywall now:  https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html

So same opinion, but the difference now is he's in a position to act on it.
It wasn't really a secret neither, I mean who didn't know about this anyway? Think about it, there is a company called Ripple that created a coin called XRP and they are just using that to get richer, how is that not securities? How in the hell would anyone think that it is totally independent crypto thing that had nothing to do with Ripple.

If it is a company behind a token or a coin and it is not totally decentralized, it is basically a securities, there is nothing else to go on about that. They may not be using it like securities, but it is still a securities and that's the end of it. We all knew this, he knew it way before he gained any power, I think he has been in favor of crypto but against these centralized versions for more than 3 years now, and I think it would still not be really that shocking to see him not do anything about it anyway.
2350  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: June 03, 2021, 06:27:07 PM
The words of Elon is powerful to his followers thats why whatever he says they're taking it seriously as their sign of what can happen in the coming days.

Its not only about his money, but more on his popularity as an entrepreneur and as a ceo. Rich people can manipulate the market but its a plus if you're also an influencer and popular especially on social media because thats where you can attract other people to follow you and believe on what you say.
That's the problem that we are talking about right? I mean there are people who are willing to let him be the king of what he is doing and that is not something we should be allowing him to do. We are talking about something that is dangerous to crypto world and somehow we are all fine with it? I do not believe that he should be that much powerful and we should stop caring about what he is saying.

Unfortunately he has a ton of followers that listen to what he says and does what he says and that is why it is a very dangerous situation for me and all the people like me, we do not give crap about what he says but we have to live in a market where he dictates things even if we ignore it because others won't. Just because he is a rich business person doesn't mean that he should be cared, being a rich business person doesn't mean you are great at market or coins.
2351  Alternate cryptocurrencies / Altcoin Discussion / Re: What about Litecoin? on: June 03, 2021, 12:23:22 PM
Dogecoin didn't go out and ask Elon to promote doge, nobody did, it wasn't really something people could do, you could reach out to Bill Gates today and ask to get litecoin promoted and you will get absolutely nothing at all. Which is why I think it is quite important to realize it was all organic and it got hyped, hell even if Elon promoted doge it may not be interesting to anyone and could have gone unnoticed who knows, it is a lot of luck involved.

Litecoin may not have something like that at all, litecoin was never something too hyped or too loved, it is something old and has been around for a long time, probably oldest coin after bitcoin that is still at top 20 levels, and that is why it is getting attention, otherwise it is totally useless. Hell even the creator or founder or whatever he is Charlie ended up selling his litecoin when it went up, that's how much it is cared.
The truth is, there needs to be something that attracts people to some coin, there needs to be a characteristic about that coin or token to get promoted. Doge was a "meme" coin and basically it was a fun thing, it was funny and quirky and that drove people to it, it is totally useless and worthless coin that should worth nothing more than 1 cent, but as we can see it is going up constantly because people find it funny and entertaining and it gave them a group collective thing to do.

Bitcoin, ethereum, bnb, all those coins have something about it. The thing is, even if you do not ask someone to promote you, if you have nothing to be promoted then obviously you are not going to find anyone that will promote you. This is why I think it is quite important to realize we are not going to get any promotion for litecoin, it is getting worse and worse.
2352  Alternate cryptocurrencies / Altcoin Discussion / Re: Risks from large financial institutions entering the crypto market . on: June 03, 2021, 08:13:32 AM
I think you're too optimistic about that. Those big players can easily sell $1 million worth of BTC within a minute or so, and I doubt the orderbook can absorb that volume easily. Sure, they can do it OTC, but when they do that, there's no guarantee that insider/the broker itself follows it by selling some of their money, so there's still a huge sell pressure.

Well, hopefully this hate and love relationship between institution and retail investors won't last forever.
1 million dollars is nothing, that is happens constantly, it happens so much that it happens probably nearly under 5 minutes each day, a million dollars is sold exact 5 minutes, it is incredibly common. You know why? Because we have over 33 billion dollars in volume, I do not know how they calculate it but that is over 1 billion dollars per hour, yes that is right over 1 billion dollars per hour.

You know why whales can't impact the price? Because they do not really have as much influence over the price with just their wallets. But do you know how they can? They can tweet about it and tens of billions of dollars worth of bitcoin all over the world will be sold, that's how. So it is not their wallet or basically their money that can destroy the price, it is their influence that can destroy it, all they have to do is say something bad and they would cause a huge crash.
2353  Economy / Gambling discussion / Re: Online Gaming Scams during Pandemic. How to Stay Safe. on: June 02, 2021, 04:48:59 PM
I agree to this I think it's much more secure if the google authenticator can be locked because if someone managed to get on your computer they can easily open up the google authenticator app and copy it unlike when it is lock. There's really a lot of vulnerabilities the only thing we can do is to keep our computers clean from viruses avoid clicking anything on websites especially if we are not familiar with this.

Most of the time I don't open the promotions and any other email from the bookies on where I play with not unless that I ask to change password I know that an email will come to my email but any other than that don't open unexpected emails from bookies for our safety.
I do not know if you use 2FA on your computer, I didn't even know that was something, mine is in my phone. Which means they would have to steal my phone to get into the website, which I am sure will not happen because let's face it.. it is pandemic and I am at home at all times Cheesy. So, if someone hacks into my account, even gets my username AND my password, they would have to still get the 2FA which is not available to them at all, they can only try to disable it which would require them to hack into my email as well I think.

I believe these days security is at a level where unless you are doing something major that would impact a ton of stuff at the same time for you to get hacked, like both passwords and usernames plus the email plus the phone or 2FA and many other, you are going to be fine. I believe as long as you handle all the things security gives you, you will be fine.
2354  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 02, 2021, 04:12:54 PM
I personally do not believe that we should be sad about the fun token value dropping, because let's say you have 500 of them and have more of rights, well you still have that.
Better to buy more, different with the exchange, the user gets more benefit if buys more and holds with the period. I actually want the price going to drop which I can buy more FUN and spin WOF at least 5x each day.
I didn't mean stay that way, all I was saying is that when the price of fun token drops that is not a sad thing because we still have the same right and that is what it should be what we want for.

Some people are acting as if fun token is something you should buy low and sell high and make a profit that way but it is not like that, sure maybe that could be done I am not sure but that is not the reason why it exists at all, the real reason is to integrate that with freebitcoin and that is what we want to see more of. With lower price or higher price the same fun token amount gives the same amount of profit and that's it, so if you have 5000 tokens doesn't matter if you paid 1 satoshi or 1 bitcoin it is still the same.
2355  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon musk and his invention on: June 02, 2021, 01:51:19 PM
Elon Musk talked about how BTC mining with electricity isn't environment friendly but he invented electric cars, in near future if this actually becomes popular electric cars will be available world wide and billions of vehicles will be charged by electricity so how is this environment friendly?
I do not know if people here are joking or not but some of you have zero clue how the cars work right now as it seems. Right now we are using gas, petrol, basically oil, which is basically limited and requires us to kill the earth in order to get it, freaking and all other methods are making the world a horrible place to get out. So that means in order to get electricity from that, we are murdering the world right now with those cars.

Electric cars however are just using electricity, doesn't mean that it has to be produced this way or that way, you can have solar panels creating electricity and use that in your car as well it wouldn't really change much, so it would be safe for the world, or you can get it in a bad way as well, it all up to you. Which is why one option murders the world and all humanity currently, while Elon's option give you the freedom to not kill the earth while driving, that is the difference.
2356  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 31, 2021, 05:25:19 PM
Market cap of $10 trillion is not unrealistic. The only thing is that we may need to wait until 2025 or 2026 to see that happening. With every passing year, we are witnessing an increase in the user base as well as adoption. This trend will continue in the short term and it is only natural for exchange rates and market cap to go up. There is no other possibility, because Bitcoin is constrained by the principle of controlled supply. It may take one or two bull runs, but eventually we'll overtake gold (in terms of market cap).
I guess 10 trillion dollar is possible is a common understanding between all of us, it is just about how much time it will be required until we reach that which is the talk about right now. Which is why I am not sure what is going to happen because I can't give the exact time when it will happen, maybe it will be in 2-3 years, maybe 5 years who knows but I am 100% certain one day it will happen for sure.

This is why I am just buying and holding, I do not care when it will happen because as long as I can ignore all the crashes and corrections and only focus on the future that means one day I will be holding bitcoin when it reaches 10 trillion dollars. It is not easy not to sell when we reach 50% drop, but I am managing it.
2357  Alternate cryptocurrencies / Altcoin Discussion / Re: Passive income on: May 31, 2021, 04:29:53 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Why are you so convincing by staking. Is not a large capital more profitable if you trade. I think you can make short-term trades if you have that much capital.
If you stake cake right now you can earn 130% yearly on auto re-staking with it. Which is awesome and I would definitely suggest that to everyone. However if you do short term trading you can both earn more or you could also lose a lot less as well which is risky. So the question here, can you make a good amount of profit from short term trading or will you fail? It all depends on the trading talent.

If you are not certain about trading and if you doubt your trading talents I would say buying cake with 5k and putting it on auto re-staking is a great way to make a profit. I personally do not feel like a good trader so I like staking. However if you trust yourself and can make that type of trading, there is certainly more money to be made on trading, it is riskier but it has more potential.
2358  Other / Archival / Re: Is a demo account necessary for a beginner trader? on: May 31, 2021, 03:51:52 PM
this can turn out for them, at least, a waste of time, and at most, a loss of funds due to false perception and skills acquired on a demo account.
Different people will have different opinion but something must be better than nothing; so having demo accounts will help to get some basics of trading before touching live markets rather than directly entering to crypto trading. This can be demonstrated like this: demo accounts may not guarantee you any profits but definitely will help you to manage your emotions and risks for the same markets (means practicing in forex markets and then trading in crypto markets will nullify the point of demo accounts).

demo account teaches you false skills or does not instill them at all.
No. For example, if you test your new strategy under demo conditions, how the knowledge and data obtained can be false?
2359  Economy / Trading Discussion / Re: What are some good crypto trading apps on Android? on: May 30, 2021, 05:32:44 PM
I already have MetaTrader 5 on my phone which I'm very happy with. I just wanna see what other apps you guys like and maybe try them out.
I generally like simple apps with clean UIs but I'll have a look at anything that is popular on here. Thanks!
I personally do not like to make trades on mobile phone, I know that the world is moving towards mobile more and more but the PC versions always have a better situation at hand and that is why I feel like that is a lot better and that is why I trade on PC at all times. Even when it comes down to swaps on BSC, small trades and such, I usually end up doing stuff that would be on PC and not really trade at all from mobile.

Those pancakeswap type of places or uniswap type of places are not what I do with the money I have and mobile has been like a few tiny stuff that I did for purchases, and that is because I bought something using crypto and not because I was trading with it. However if I have to pick something, trustwallet is the best wallet on mobile, use a place that accepts trustwallet, all other wallets are subpar to trust.
2360  Economy / Gambling discussion / Re: Curacao license scam on: May 30, 2021, 04:31:07 PM
It's easy to get a license actually, but it's hard to build a reputation.
That's why gamblers value more reputation because a license can easily be obtained if you are a legit person who passed all the requirements for your business.

We should not be surprise that there are an increasing number of casinos in the space bu only few of them have really survive, that is because gamblers stayed on a site that has a good reputation, and we can look some of that sites in our forum.
I believe there could be a place without ANY license and still be loved more than a place that gets a license directly from the top 10 nations presidents hand written. I am not even joking, you can get the biggest 10 nations presidents all sit down and sign a paper that says this website is legit and that website could still not be liked too much, would be very difficult to be hated when you get something like that done Cheesy but it's possible.

But the more realistic thing that happens is that; a place gets curacao license and usually sucks, whereas another place ends up with zero license but it is known so much and loved so much that they get to be gambled a lot more. That's why I believe licenses worth nothing and kept telling that same thing all the time, people just do not care about it at all. Hopefully people will check reputation like you said instead of license from now on.
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