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2421  Economy / Trading Discussion / Re: is crypto trading different from forex trading. on: September 21, 2021, 04:31:03 PM
i sign up in this website to study how to trade crypto. i have traded little in forex but i do not understand major part of it. is crypto trading the same with forex trading? i want to learn how to trade from this website. i have account with binance and i have 85 usdt i dont know if it is too small for trading but that is what i can afford. anyone can help me with the link of how to learn from beginning and what type of thing to learn.
$85 might be too small, but since that is what you can afford for now I will advise you to just go for it. Just be very careful when you are doing your trading. Forex trading undo Bitcoin trading or crypto currency trading in general, a similar to each other. There isn’t much difference between them.

Just that cryptocurrency trading is more volatile than forex trading, and it doesn't depend much on orders technical stuff. Sometimes it is being moved by the news. So, it is something that you will understand with time, or you can decide to be interacting with other traders to learn from them. It is still not something that you will learn within a short time, it takes dedication.
2422  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Gas Fee is too High? on: September 21, 2021, 01:18:24 PM
Sometimes we feel not good after paying a High Fee on ETH  Smiley But I want's to know why this?
High gas fees is because of the popularity of Ethereum, this is the same issue that we are all having with Bitcoin as well when it got to be very popular and the fees increased more than it used to be. Now that’s the same thing that ethereum is going through, and because it has gotten very popular that’s why the transaction fees has now increased.

If you look at the number of projects that are being launched on a Ethereum blockchain these days, there are so many, from NFTs, DeFi, and so many others. So it’s going to continue like this until it is fixed. But I am looking forward to the ethereum 2, I believe that will be a fix to all these problems that we are having with the current version of Ethereum.
2423  Economy / Economics / Re: Our Dear Bitcoin and its price movement. on: September 21, 2021, 10:20:37 AM
Though I'm optimistic that a reversal, upward trend awaits the bitcoin price
and I see it going to a 52-55k upward trend when this happens.
Let's see what it has to offer us in its next movement.
I am always positive about Bitcoin and I know that there’s always going to be a reversal whenever it goes down. Although for now I don’t know if it is going to get past the $60,000 price range again, it might just continue to circle around this price I’m going from $40,000 to around $50,000 and also going back down again. So whenever it is at $40,000 that might be a good time to buy it, before it goes up to the next price. We don’t know how long it’s going to take before the next bull run, maybe four years or some people will always see, which is during the next halving.
2424  Economy / Economics / Re: Future economic fear of the rich and poor. on: September 21, 2021, 09:17:11 AM
I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Personally, I think the rich will be in fear more than the poor, because they don’t want to lose their money after they have earned. One thing is to make reaches and the other is to maintain it. And when it comes to maintenance that’s where it gets hard, if you make a mistake you might end up losing everything.

So, they always have to work hard and that's why they come off as strict people most of the times, because they don’t want to joke with their business. Some of them even go to the extent of using others just to maintain their status or level. And then As for the poor, they’re also afraid of what the future holds, because they don’t know how they might be able to deal with it.
2425  Economy / Economics / Re: Is there a possibility of a Country to ban access to Crypto games? on: September 20, 2021, 09:50:20 PM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
I think government will only can block access to the game. Like when they block access to illegal site or maybe porn site. To close site that to be NFT games, i think they can't. Or maybe only can made it is illegal so any money that sourced from crypto they can track it like what your government do, and P2P can be temporary solution for it.
Clearly it's possible for any Government to ban the game and block the access because they have all things which are helpful for this and if game provider is register then they can revoke their licences as well.

And if the game provider is not legal, then they can declare this illegal. But, there are many issues for Government as well because they are still unable to track all players and their data how they will manage them for bringing in tax net and how is this possible they will bring them in regulations.
2426  Economy / Trading Discussion / Re: Things to know before trading. on: September 18, 2021, 04:59:21 PM
1. Find a strategy that works for you: If you are dedicated and forced to put in the effort, you will undoubtedly find a strategy that works for you. There are a variety of strategies available for you to try out.

2. Risk management: You must work on your risk/reward ratio, know how much you must invest in a coin, and only invest what you can afford to lose. If you are trading futures, always use a low laverage and don't forget to use a stop loss.
I guess these two are more than enough to be successful in crypto trading as once you are good with analysis and all management skills then you will not rush and you will start showing more dedication and commitments. I mean when you are fully dedicative but if you are not good in analysis and management then you may not able to make consistent profits in crypto trading.

These are the things that every trader must need to get practiced to, rather than just simply getting aware of. Hope you are aware of the differences between these two.
2427  Alternate cryptocurrencies / Altcoin Discussion / Re: Get married in the blockchain? on: September 17, 2021, 06:51:19 PM
The approximate process is that you use your address to add your wife's address to his contract, and then use your wife's address to add your address to the contract.(gas fee=$150*2)

So u got married in the blockchain.

Finally, an nft with the address of you and your wife is generated.
That’s quite funny, but I know that people can do anything just to make money, even the last thing that you would have expected. I have seen a news about couple that wedded on blockchain, so I’m not really surprised seeing a news like this as well. Since NFTs came out, there has been a lot of things being sold on these platforms and a lot of people have taken advantage of it to do as it pleases them. If you can play with their marriage like this, then I guess they might as well break up and sell it on blockchain, Just like Dave said.
2428  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Bitcoins Be Cashed? on: September 17, 2021, 03:03:21 PM
Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country?  Huh
How exactly do you think the governments are going to do that? You have been told that cryptocurrencies, especially Bitcoin, are decentralized, so how do you expect the government to go about a thing like this? If you look at countries where Bitcoin has been banned, you will realize that people still continue to make use of Bitcoin despite the ban that has been put in place by the government.

This is because Bitcoin can be sent through P2P exchanges, or wallets. So transactions with Bitcoin are basically peer to peer, and people can be doing this and there won’t be any trace of it. So the government can’t stop it. They can only stop you from using exchanges that are centralized.
2429  Economy / Economics / Re: vitalik's contribution is also great on: September 17, 2021, 11:08:07 AM
I feel that vitalik created blockchain 2.0, which should be regarded as a milestone in the currency circle. In the world of blockchain, his contribution is second  after Satoshi Nakamoto.
I don’t think anyone is discrediting Vitalik’s achievement in the crypto and blockchain industry. He has done a lot and we should applaud him for that. Before, we had Ethereum, there has been so many other cryptocurrencies that came before it, such as Litecoin, dogecoin, and the rest of them. But ethereum is the first smart contract we had in the crypto currency and blockchain industry.

Until now, it has remained as one of the top alternative coins in the market, and has steady maintained its number one position in altcoins market, and the 2nd biggest cryptocurrency in general. So, Vitalik did very well and no one is doubting that.
2430  Economy / Economics / Re: El Salvador Bitcoin payment option on: September 17, 2021, 09:27:16 AM
In my opinion, I think this is a welcome development, it can be said that El Salvadorian government are not making Bitcoin payment mandatory (although mandatory) even as it is a legal tender because the payment can be in Bitcoin while the receiver can choose to receive it in fiat and processed automatically.
Yeah, it is good how El Salvador has decided to accept Bitcoin fully, but I don’t think people should be forced to make use of it. Things like this should be a matter of choice, if you want to make use of it then you can make use of it, and if not, then you shouldn't. It is good that you have said it’s not really mandatory for anyone to accept it. Those who are not accepting it now, with time they will get to understand it and if it should interest them, then I believe they will go ahead to start making use of it fully.

For now, most of them are going to be afraid because of the value of Bitcoin is volatile and it changes most of the time. So all they need is time to get to understand it , and once they are up to that stage of making use of it, they wouldn't waste time in doing so.
2431  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin truly a safe-haven asset? on: September 17, 2021, 08:54:29 AM
Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.
Hasn’t Bitcoin gotten to a stage where we can see it as a safe haven? If you look at the value of Bitcoin from 2009 to this 2021 you will see that there is a huge difference. Someone who have invested between this time range would have gotten enough in return, because the price kept increasing from the toll now, while our Fiat keeps decrease in and even got worse during the pandemic.

What do I do understand that during the pandemic a lot of Twitter currencies were affected and that includes Bitcoin, but it wasn’t only for this, because there are lots of other assets on stocks markets that we are affected. Bitcoin has kept going stronger even after all that has happened
2432  Economy / Trading Discussion / Re: yesterday's drop in prices, was it natural or man made? on: September 16, 2021, 09:10:01 PM
As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?
I do understand the "why does it matter" questions nowadays. It makes a little bit more sense because we are recovering. If it was before the recovery I would say it matters as well but since we have already seen above 48k+ already, that means we are recovering. That does matter a lot for many people, recovery means that natural or man-made that drop is behind us and we should not care about it at all.

Yes, it is definitely something we couldn't do if it was one way or another, but it is here now and we should not care about it at all. What matters next is how long can we keep this going up and if we can keep it up than it means we should be going to 50k+ and be better off, or maybe we won't be able to, who knows? This is what we should care about.
2433  Economy / Economics / Re: How would Bitconia look like? on: September 16, 2021, 08:30:19 PM
Some people may thing that there are countries that would do better to adopt bitcoin as legal tender, just like in El Salvador, and in many others bitcoin is widely used for fear of the economic and authoritarian policies of the governing juntas.

However, I am inclined to think that bitcoin needs a country. The value of bitcoin, the community and the influence that exerts could potentially make that possible when bitcoin reaches an even higher valuation (perhaps it would be possible even now). How would Bitconia look like? How would we get there?
I imagine bitconia doesn't even need a land. You might be confused as how that would work, but if we could just show that we own somewhere, doesn't matter where, if we could have just one dot on the map, not enough for even one person to live, but build a nation there and convince other nations that it is a nation. Then we could just have global reach to it, I could be a bitconia citizen living in some other nation by that logic. So yes, I would still be paying taxes to the nation I am living sort of speak, but since my job will be in bitconia the tax will be there, the tax I pay here would be like for buying stuff, not my income.

All the exchanges could be there, my bank could be there, everything could be there and I would have to get out of my house to be a bitconia citizen. That is why I believe that even a single tiny rock on somewhere could be enough as long as we grow big enough to get other nations acknowledge us.
2434  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Timing is important on: September 16, 2021, 07:21:34 PM
Wait patiently for the real perfect trend in the market, and don't make predictive interventions; "Timing is important", buy at the right time, and sell at the right time.
Trading is not something to do every day.
 Those who think that they need to trade at any time ignore a condition, that is, trading requires a reason, and it is an objective and appropriate reason.
Timing changes everything, it changes even the most important profit making mechanisms. Let me put it this way, a very noob person who hears about crypto right at the correct time and buys right before a huge bull run, could end up making insane profits whereas someone who is a veteran and has been making a profit 1000x of what he got into could end up making a loss during a bear run.

So that means, if you can time it correctly and make a good entry right before an increase, that would make things a lot easier. Obviously this is only once, after you are already in, that changes things, timing is still important but knowing what timing you should have becomes a challenge and not just luck.
2435  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you sell ethereum and btc to buy Solana/SOL? on: September 16, 2021, 09:46:45 AM
Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
I am sorry but solana being as high as it is right now makes no sense at all after today. They SHUT THE NETWORK DOWN!!! Do you have any idea what that means? They are as trustworthy as a website that uses SQL or something, there is absolutely zero chance that I would ever put my money into SOL ever again.

If the project creators have the power to control when to shut it down or when to restart it, then it is as centralized as it gets. From now on for me XRP, SOL, BCH, BSV, TRON, USDT all have the same impact and I would ever invest into any of them, as long as centralization is a thing for them, they are worth zero to me and anyone who pays more than zero for them is getting scammed.
2436  Economy / Trading Discussion / Re: Brokers accepting bitcoin on: September 16, 2021, 08:54:09 AM
For personal reasons I want to use bitcoin to open a trading account of investment manager, where can I find one that accepts bitcoin
You are one of the reasons why bitcoin was created to stop such people. You do not open an account for a manager, you do not open an account for anyone else, you do not make a dime out of buying someone bitcoins or anything like that.

People buy their own coins and put them in a non-custodial wallet and keep it there so that they would not have to answer to anyone. The fact that they would need you to reach to their accounts on a daily basis is the proof enough that you are doing something wrong OP. Just let it be and let those people buy it themselves, that would be a lot better and it would totally be deservedly so as well because that is why bitcoin was created.
2437  Economy / Trading Discussion / Re: Trading skills on: September 15, 2021, 08:53:58 PM
Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.
I have traded back in the day way before there were any demo crypto trading websites were available and I have to say that it was one of the hardest things ever. Now that they are here, I do not need them even though I did try a bit but it just never made sense, buy bitcoin with all you have and in the end it goes up anyway.

So, I would have to say that there is a good chance you could learn a lot more with demos when you are new but it only works for people who got into crypto for the past 2-3 years, before that there weren't many available. Also even before starting to trade on a demo, try to learn what indicators are and what general TA looks like, it would help out a lot.
2438  Alternate cryptocurrencies / Altcoin Discussion / Re: Billionaire Investor call for crypto regulation on: September 15, 2021, 06:14:07 PM
Cuban hasn't revealed how much he lost on the project, telling Bloomberg that "as a percentage of my crypto portfolio it was small ... but it was enough that I wasn't happy about it." "I got hit like everyone else," Cuban told a fellow DeFi investor via Twitter who suggested Cuban had been "rugged"—when project liquidity drys up and investors are unable to withdraw cash.

Cuban—who revealed in March that 60% of his crypto holdings are in bitcoin, 30% in ethereum, and 10% in other coins—has recently begun experimenting with DeFi, writing this month in a blog post that "banks should be scared" of the largely unregulated and burgoning technology.
Crypto regulations are not really a bad thing as long as it is a good regulation. Mark Cuban is a crypto investor and when there are good regulations on crypto that helps us a lot more. Look at some nations like El Salvador and see how great that is for crypto, and look at new york regulations and how bad it is for crypto. Basically, it is depending on what regulations you put on crypto, if it is a bad one than it will have bad impact and if it is a good one then it will have a good impact. I think that Mark Cuban as a crypto investor wanted a good one, definitely something that we all would benefit to have a billionaire working with us to get it.
2439  Alternate cryptocurrencies / Altcoin Discussion / Re: what are some of the new projects we should keep eyes on it? on: September 15, 2021, 05:41:17 PM
Today I was reading fascinating story of Bitcoin and Ethereum. That was really interesting read. And I thought, what if there are other ongoing/emerging projects? Do you know any of them? Those that are not on the mainstream media yet.
Everyone is shilling their own favorite ones, and that's kind of the deal I suppose. I personally like Swipe myself, but I really do not know if you should invest into it or not. Plus we all know pancakeswap and the token cake and I really love it, I know it looks like it is already high but I honestly believe that uni and cake together could break into top 10 and be there for a long time. You know there are coins for a long time but doesn't get the attention it deserves even though it is high as it is?

Well, that is uni and cake for me. For example, ADA has been around for what now, 4-5 years? But it was never this high, who knows if that is not going to be cake next? Maybe in 3-4 years Cake will become top 5 as well? That means if you buy some now, stake it, and keep on staking for that long then you will most likely get a huge return from it.
2440  Economy / Speculation / Re: Bitcoin Heading to $70,000 on: September 15, 2021, 02:35:36 PM
I'm just glad the support zones at $40K and $43K were real solid and held up nicely. Once the consolidation is done, we should be on track to test another BTC all time high.
Yeah, Q4 definitely is a period when bitcoin goes up, it is wildly known and I believe that the same thing will happen again. Not like bitcoin is something that is shy of skyrocketing neither, a 2x in under a month is not a rare thing for us. So, if next month we are 80k then I wouldn't be really surprised by it because that type of thing has happened in bitcoin before. Even if it is not exactly a 2x, just recently we have seen a bottom of 28k and then peak of 52k recently as well, that is "nearly" a 2x in under a month.

When you realize how easy that was, then you realize that then why wouldn't a 40k+ price suddenly become 80k as well in under a month? Obviously there is a good chance that it would not happen, but there is also a chance that it may happen as well.
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