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2441  Economy / Trading Discussion / Re: How to DCA when BTC crashing on: October 30, 2022, 09:23:20 PM
Lets be assumed


BTC Crashing 20000$ and 15000$ maximum . From 20000$ how to DCA?
I think at 19k you can put 50% of your remaining capital into the market. And the remaining 50% you should put in the market at around 15k. Market might go even below this point but honestly that would be very temporary and has a very slim chance that would happen. Investing in these two chunks itself would be enough and will give you a dca of around 17k which is good enough in my opinion.
I think 50% on the first drop level is too huge but why not put 10% or 5% instead? So that you still have something with you when the price falls to $18k, $17k and so on. Market might go down below $15k but we don't care about it anymore because our last set price for DCA is only $15k but if you are sure that more drops will occur after this then you better lower your limits.

I know the chance for the price to drop more will get lower and lower but it's not really a big deal since we already bought something before. Waiting for a really low price isn't only advisable for those who are buying at large quantities or to those who don't do a DCA strategy.
2442  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will ethereum be profitable anytime in the future? on: October 30, 2022, 02:41:03 PM
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Your title and OP contents do not totally match so I am not sure if you are only asking one question or two? But, if it's about mining then I don't think it's possible for ethereum to be mined, now that it is now a POS so the answer would be no. It isn't profitable anymore in terms of mining but if it's about investing or trading eth then yes, because I believe that eth future will still be bright.

More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.
2443  Economy / Economics / Re: Bitcoin as a secure investment amidst recession on: October 29, 2022, 04:26:32 PM
Yup, 1 bitcoin will always be equal to 1 bitcoin. That's the understanding that someone who invests on bitcoin. We know that the dollar value of it is the one big factors why people invests on it but if you want to get hold of your money, bitcoin is one of the best ways.
Looking at the potential and just be long term on it, that won't make you worry with the current situation and this is completely making us out from the financial system that's being made the banks and governments. Look at those banks in other countries, if their depositor wants to withdraw their money, they'll have their own rule apply on it and they'll make it hard for them. This has happened for some banks like in Lebanon and China AFAIK.
People look at how any type of currency could make their life any better, that's the only thing that a currency is good for and nothing else. Doesn't matter if you get an extra 100 dollars or get 100 billion dollars, you do not think about the money itself, you think about what you can do with it. That is why 1 bitcoin is always 1 bitcoin is a distorted meaning of something very old "it's always capable of buying you something you want".

In this meaning, 1 bitcoin could be 20k today, and could be 20k 10 years later, but the 20k of 10 years later will not be able to buy you the same things, it will buy you something smaller, and 20k 10 years ago could have bought you a bad house, today maybe a bad new car. Hence, it's all about 1 bitcoin being always valuable to buy the same thing even after 10 years, that's the key, it will always go up and not be devalued, aside from crash years like now, it will always go up in the long run to give you a standard you will enjoy.
2444  Alternate cryptocurrencies / Altcoin Discussion / Re: 100X Altcoin for the next Bull run on: October 29, 2022, 12:51:53 PM
The crypto industry is evolving for the better and I'm sure crypto will be more and more accepted by many people. Scammers must be suppressed from the crypto world in order to increase public trust
Unfortunately, it’s not easy because scammers and hackers are also evolving for their own benefit and the only way to fight them is to be more educated especially knowing how to secure your wallet properly. In the coming bull run, expect another hype and probably some token will reach that 100x profit, but it’s too hard to know which token will reach that level. All I can say is spend time to analyze small tokens and you might be able to find the next gem in this market.
Yeah that is not possible and even in the outside world, there will always be criminals no matter how much we stop them or the authorities. It's not possible for all of them to disappear but we can do something to lessen or to prevent them. One of the ways would be is for the crypto to become regulated.

I mean not directly but it can be done on the platforms that we are using like for example an exchange and a gambling site right now are requiring a KYC. Bull run and hypes are I think a different thing but it's possible that they can come together. 100x may seem a lot but it's possible as long as we know how to analyze and as long as our luck hit us hard.
2445  Economy / Trading Discussion / Re: How to improve your trading results? on: October 29, 2022, 08:45:24 AM
Making a plan is easy, but it’s hard to execute and go on that plan. I appreciate your efforts OP that you have made in the post, but to be honest it goods best in theoretically only. When you trade with real money, in each and every trade you deal with extreme caution and vulnerability. The only way one can improve his trading is the risk management and experience. If a trader knows how much risk he should put in a risk, then definitely he will have better results and better profits.
Executing is easy but to stick on the plan is the real one that is hard to do and this is why many of us are still not successful because we lack of consistency. Along with that is we are also building an experience.

Experience matters a lot in many things not just in trading but having a good experience in trading helps you familiarize with the market and to the complicated terms, so you will now take things easily but not totally to the point that you will now trade big amounts. Of course money or risk management must still be there. This is also the failure of many traders especially those who are still a newbie in here, they tend to risk big immediately thinking they can earn big fast that way.
2446  Economy / Trading Discussion / Re: Leverage investment strategy during bull market on: October 29, 2022, 06:28:03 AM
...During bull run, some people may decide to leverage their coins and go on like 2x which is still safe to some people in a way bitcoin can still not get to liquidation price or the chance to get to liquidation price is still low. You can not hold 2x on a wallet, you have to leave your coins on exchanges and this may be up to a year or more that you want to hold your coins using like 2x leverage. What ways can use maximally protect your coins if you are a leverage holder?..
If you trade on a centralized exchange, then you must approach the choice of an exchange for trading with full responsibility. But I think that the best solution in your case is to take a loan from a traditional bank, which in any case will be lower than you will have to pay on the stock exchange. In this case, you will not need to store your money on the exchange and you will be able to withdraw your coins to your personal wallet.
We are only responsible for our own funds or whatever happens with it but a good exchange must also have a robust security so that it won't be penetrated by hackers easily. It's important if we will store our funds there for a long time but it wasn't really recommended though so it's better if we can just follow your idea.

One of the ways to protect our coin is by of course setting up a strong password and then setting up a 2fa. @Findingnemo I think it's okay to take a high risk as long as the return is also high. If you are still scared then it's okay to stay with your comfort zone. Leverage trading are only for those who are looking for an extreme way of making money.
2447  Alternate cryptocurrencies / Altcoin Discussion / Re: Will cryptocurrency replace other currencies? on: October 28, 2022, 10:09:10 PM
There is no completely replacement for other currencies. Cryptocurrency is one of things that is used by human society, from fiat currencies, precious metals like Gold, silver and other means to exchange value.

They are parts of way people use daily to buy or sell things, to exchange between one and another, to trade, to invest. If anyone says cryptocurrency will replace fiat currency, that is not true.

You can see an example between paper book and e-book, they are co-exist as in the society, there are different people who would like to read paper book and others would prefer to read e-book. There are people who are ready to use both types of books for their convenience.
Alternate to something is not a bad thing neither, I mean we could always have something that is both used at the same time. I love the example of books and e-books, that is definitely something we could compare with crypto and fiat as well, they are both used and they are both working at the same time.

I believe that it is going to be a good deal in the long run, doesn't mean that it’s going to be a trouble but it could definitely be a good thing in the long run. I am not saying that fiat will not be disrupted in the future, by the obvious examples of how we are doing worse, there is a good chance that it could go down but it wouldn't be because of bitcoin for sure.
2448  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 28, 2022, 08:56:20 PM
there was a prediction of rain in Pakistan and India match too. But the match was won by India
I think this rain prediction creates so much uncertainty. And I am sure they might be affecting the mind and moral of the the players too.
First of all, the timeline was shifted because of reasons related to COVID pandemic. That is the reason why we are having the tournament in October-November. Ideally in Australia, the cricket season is December-February. But another reason why we are getting many more incidents of rain interruption is due to climate change. And so far ICC has ignored this issue. One solution would be to have stadiums with retractable roof. But due to cost concerns, none of the national boards have taken up this issue seriously.
But, in my opinion now cricket is in advance stage and all boards are having good profit from franchise leagues which can cover the cost of stadiums with rooftops, and we can do this all in better way because right now we have the biggest event in cricket sport and this all is ruined by ran with top teams are having more frustration with this like we have today Australia vs England is surely the biggest event for millions specially after first entertaining match of Pakistan vs India now it's time to bring fast changes and secure this game in better way.

If I am not wrong mostly Australia has ODI or t20 matches during January/February and March because this is going to be end of the season for them but this time they are doing this all in unusual time which is well known raining season in this part of the world.
2449  Economy / Economics / Re: What do you think of gold price in long term? on: October 28, 2022, 07:45:40 PM
As fiat currencies dump, some countries are moving towards increasing the amount of gold they have in their reserves. More specifically some of them are dumping US dollar to replace it with gold. For example India recently bought 200 tonne of gold and there is rumors of more conversions happening. China has been doing something similar under the radar. So are others.

However, we haven't seen any significant changes in gold price yet to approve the above news.

I'm wondering what does everyone think about gold price in the long term, specially in coming year or two as the conflicts get worse and more economies crash which would push regular people to invest in gold and more governments to start increasing their gold reserves on larger scale.
Gold is a very old financial asset.

It has a lot of drawbacks - gold is easy to fake, gold is difficult to move over long distances.  All the shortcomings of gold as a financial asset were eliminated after the invention of Bitcoin.  In addition, gold is a direct rival and antagonist of the US dollar.  According to the conspiracy theory, the price of gold is artificially low. 

At the same time, I consider gold a promising investment in the long term.
Gold is "too" old financial asset. Bitcoin can take its place already and gold is no longer needed. I always say that the best thing about bitcoin is that it gives you some features that you could use with it that is beyond what we had before bitcoin was invented, one of them is the fact that you could invest into it long term for the future just like people have done with gold, but you could also spend it like fiat, but also you could send it to all around the world in a matter of minutes just like using paypal.

So, it is the best version of all of it combined and that makes it the better version. Gold should be losing its value eventually, just because of bitcoin.
2450  Economy / Economics / Re: Printing of money doesn't make a country rich but to diversify like a person on: October 28, 2022, 05:42:50 PM
Even though the state has full authority to print money, the state cannot just print as much money as possible. The more money circulating in a country will lead to inflation and the greater the burden on the country which can make the country's debt increase.
The central bank of each country must keep the value of money stable. If a country prints as much money as possible, it will affect the exchange rate of the currency causing the exchange rate
getting down. The amount of money in circulation affects the exchange rate of foreign currency, which is why the state does not print too much money.
The problem nowadays they have is that even though governments have all the right to print as much as they want to, if they do that then their money will become less valuable and the people do not have to use it. I mean I can easily just turn all my money into crypto, and try to live like that, if I have to spend cash, I will instantly turn that crypto into cash based on how much I need, and keep the rest in crypto.

This way I will always protect my money against the devalued fiat. Governments need to make their fiat wanted, so that people would want to keep it, if they don't do that then you will see people leaving that fiat and it will be even worse if people do not want to have any fiat.
2451  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins and Memecoins on: October 28, 2022, 05:23:09 PM
There might be no benefits from posting OP sentiments about shitcoins and memecoins but surely we proven that most of us here agree that buying those coins today will put you in a dire situation knowing that they majority of them are destined to fall and lost it's value. I also think that there's not much differences in charts between those famous meme coins (except doge) vs the other tokens in the market today.
It’s clear that the fundamentals are weak with these meme projects and that’s the reason why I am staying away from them. Tell me one thing that they do right aside from social media hype they get, anything else comes to mind? Of course not, the project needs to be a good one from the get go in order to get my money, when I checked the code, the team, the features, the additions, everything that a project has, needs to be good before it could be invested.

These projects have none of that and this is why ı dislike it, and I would never invest. NFT was similar too, it was just pure hype and had absolutely no proper reason for them to be that high.
2452  Alternate cryptocurrencies / Altcoin Discussion / Re: bull started? on: October 28, 2022, 03:45:33 PM
Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?
Unfortunately bear market is not over yet. The increase is just a minor recovery and in fact already followed by correction (if you check the current price now).

If the bull starts to take over you'll notice the consistent price increase without correction happening. Traders and investors are lively again together with positive news about crypto with newbies joining the ride and engaging themselves. So for now what you can do is buy cheaper coins, hold and forget for a while the market to not be tempted to sell.
I do agree that bull wouldn't be this small, when the bull starts it is going to be something huge and we wouldn't be asking if it has already started or not, we are going to know about it. I personally think that the best thing to do about bitcoin right now would be waiting without getting excited about the smallest of moves. If you see it go to 21k or something like that, do not get yourself ready for anything.

Just be capable of understanding that it is going to be something profitable for you, and you have to wait a lot longer. Obviously if it becomes 30k+ in a week then you can get excited, but even then you should wait for it to grow even further with time.
2453  Economy / Economics / Re: cryptocurrency and the UK's new prime minister on: October 27, 2022, 08:25:42 PM
The sunak is a globalist WEF agent planted as a goldman sachs manchurian candidate. the mask is off now. the UK is well on the path to becoming even more of a totalitarian hellscape
He is a pawn for sure ! He also offered a place to Boris Johnson I heard which is weird. But !
It's not about UK's PM at the moment, we are talking more about cryptocurrencies here there is a reason to believe that things can be better especially for cryptocurrencies that are in use more than the others, one should also remember that at the end of the day there are caps on many things in Uk example:

1. Buying btc directly through your revoult is capped at a 1000 and you can only send it to 3 addresses of your own.
- Things like that shows that they are trying to limit everyone from using them indirectly I hope it does change a bit.

2. You also have to pay either 10% or 20% tax on your crypto gains, which is not ideal, Hopefully something will change soon.
I never believed that any of them weren't a pawn, if you are leader of a big nation, only even bigger names could get you there, which is usually rich business people who own a lot of stuff. Look at the media owners, many of the tv channels and newspapers are owned by the same people, and they are the ones who get you to the top and you help them after you get to top or they will make you look terrible on papers and help you remembered as a horrible prime minister.

Maybe Liz Truss was exception, she didn't want to handle that and left. This new Sunak guy will do whatever asked of him, which won't really turn crypto too much in a good or bad way neither, but he will do whatever is asked of him.
2454  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 27, 2022, 06:18:01 PM
BCCI might be bad in PR or not, that's another discussion because when it comes to court cases in regard to any compensation claim. BCCI is ruthless as there you need facts, not PR and they focus on the latter.

BCCI only issue is with visiting Pakistan if this angle creates problems for ACC then I won't mind if all ACC members get together and kick out BCCI.
Kicking out BCCI is not the solution, because India contributes to almost the entire revenue for ACC during Asia Cup and other competitions. Imposing financial penalties maybe an option. But even here, there is no guarantee that the BCCI will follow the majority decision. I don't know how much Jay Shah care about the position as ACC president. His ultimate target maybe the chairman post of ICC. In order to reach there, he needs to have warm relationship with all the ACC/ICC members, including Pakistan.
Most chances anything like this is not possible because ACC is currently controlled by BCCI like they are controlling ICC, and they have good support from countries like Afghanistan and Bangladesh which never been going into favor of Pakistan just because of personal issues, but the worst thing is we never have any positive solution for this these both are going to bite each other and can't live happily as we have at the end of Hindi movies.

But one thing is sure ACC will be never ideal sports organization as they are having two big which are the worst enemies for last 75 years and never want to sit on table for positive talk as we have ideal situation in Africa and CONMEBOL which are also developing like subcontinent but still doing amazing job for the sports.
2455  Alternate cryptocurrencies / Altcoin Discussion / Re: APTOS FOR BEGINNERS on: October 27, 2022, 03:41:52 PM
I did the Aptos airdrop, I didn't get an email for a claim, no regret though. already bought from binance to hunt some NFTs in their ecosystem even though NFTs are still not matured a market.Chromes browser is not the only browser supporting the Aptos wallet, Brave supports it, I prefer brave because it's a web3 browser. Many believe Aptos is a Solana killer, but I want to learn and stay rich too.
Maybe you didn't follow the steps correctly? Or missed something? That is why you didn't get qualified. And sometimes, airdrops are limited. It can be a first come first serve basis so maybe you are a little late when you do the task but I am glad that you didn't feel bad about it and what you did of buying directly is more surer.

Some features of aptos are great, that is why many think it's better than solana but still, it's too early to judge. We don't know, what if others are right that aptos are only in for the hype? And maybe once the hype goes down, the team are not going to be motivated anymore to improve the project. You better monitor your investment properly.
2456  Bitcoin / Bitcoin Discussion / Re: I made a mistake shorting BTC at 17k on: October 27, 2022, 12:55:31 PM
At first, when I read this statement from OP that bitcoin is pumping like crazy, I thought I might have missed something. Then i decided to go to my trading view and see the current bitcoin price. But before that i decided to look at when this post was made and it was today. I was sure that bitcoin might really be pumping but when I saw the bitcoin price, it was still at 19,000$ and a few hundred dollars. There is no pumping as mentioned by the OP.   Sad
Same here. I then check the price to confirm it but I only see a small recovery. This is not a pump obviously. When there is a pump in btc, it will last a little longer, not just an hour or less but if there are coins which can pump and dump quickly then that will be a true pump and dump coin. Don't worry you don't miss anything here and you won't, as long as you do a daily monitoring of the price, if your goal is to sell for short term gains.

Timing in the market is important so I am not sure why the op said it was wrong but there are times that our actions are wrong. We can not avoid it so don't feel really bad about it op. It is still possible for btc to fall down and you can wait for that before buying again.
2457  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is due for a big break on: October 26, 2022, 09:08:31 PM
bittorrent and many other zombie coins have been on the market for a long time, but now they can only buy a couple of chewing gums.
Still, Litecoin has been in the top 30 for so long time for other reasons: this is the POW algorithm, an understandable scheme for working with it, resistance to attack 51, due to the high hash rate, low fees, ease of use.

When bitcoin grows, everything grows after it and vice versa. In fact, there is no market without Bitcoin yet.
That’s the thing about litecoin, not only it has been around for a long time (since 2011 which means it has been around for 11 years, going into 12 soon) they are also in the top 30 all this time, never went lower. If it was a bad one, then just like the ones you named it would have gone lower, but there were dozens of projects that were higher than litecoin in history, and then dropped under litecoin as well.

Because they were bad projects that got hyped for a while, and then they turned out bad and dropped under litecoin. Meanwhile, litecoin may have failed to go to top since those days, but it also never went lower like that neither which gives a good reason to keep some of it on your portfolio.
2458  Bitcoin / Bitcoin Discussion / Re: Throwback: Bitcoin was $64k today, a year ago. on: October 26, 2022, 08:08:41 PM
We will cross that threshold too, one day. BTC is now chilling at 20k+ price point. It is still not bullish yet as far as i can see. but be assured that we will cross the 100k+ mark in no time. Maybe not today or tomorrow, hopefully soon that will happen for sure. It's just a matter of time.
Bear market is an opportunity. Fill your bags and just forget about it.
That's the thing about bitcoin, we do face some troubles here and there, but then we go up a lot afterwards. Yes, we have faced a trouble with crypto in the last few months but that doesn't mean that we should be just be fine with it, and that’s the good thing.

I believe that we should be seeing over 64k in a matter of few years at most, and not that many things could give you 3x return in that span of time, so it’s still good, and we will go higher. That 100k is the one I am waiting for, that’s the most important one, and I believe that we will go up a lot more in the long run, it’s going to be a huge increase in the end when the time comes for sure.
2459  Economy / Economics / Re: Is Metaverse still a thing on: October 26, 2022, 06:58:03 PM
This is a weird question, projects may come and go but what we are forgetting about is that you could only end up with these ideas and they will stay. Like is ICO still a thing? Is NFT still a thing, is Defi a thing? I mean these are just names of the systems that we deal with, and they are always a thing, it's all about projects.

Look at 2021, we had one million DeFi projects, most of them are gone, but uniswap and pancakeswap are still going strong and I believe that they will stay strong for a while longer for sure. I personally believe that we shouldn't be shocked if we end up with something in the metaverse all over again as well, it's quite possible.
Metaverse is not a still thing like that, just like how ICO is not, sure ICO was a big deal back in the day but how many projects really do it nowadays? Not many of them do. Meta will become a thing again in the future if Facebook really does manage to make one that is realistic, but aside from that I do not think that it would be real.

Even something that would work with VR, and give you a semi decent look on where you are, could make it better, like you log in, and you work there like it’s your business. But in reality, we all know that it’s not going to be a high end thing for now, that is why we gave up, and even the biggest names of metaverse are not getting attention these days.
2460  Economy / Economics / Re: government hampers the country's economy on: October 26, 2022, 04:40:00 PM
The main thing in my opinion is to reduce corruption. The country will not progress if there is corruption in the government. To manage a country to become a developed and prosperous country, starting from the way of government.

The main way of management is to always pay attention to people. Many people often criticize the government simply because the government does not provide assistance to people in need, which they say will be given at a certain time, and in fact they do not provide it. Or they offer help, but somehow they give it to the rich.
I believe that politicians are people who shouldn't be politicians, nobody in the world who could become politician should become a politician in order to save the world. In order to become a politician, you should be looking to either get the like from your higher ups to be positioned in a place, or you should be getting some votes from the people meaning you should try to be a populist to be voted in there.

This means you need to build a character that would be liked and say what people want to hear. In reality, a politician should be someone who would progress a nation even while others are rejecting the idea, because if you could progress a nation further in the face of backlash, only that will improve it.
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