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2461  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.
2462  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.
2463  Economy / Gambling discussion / Re: A disheartening true life winning story on: October 26, 2022, 06:26:12 AM
Can this guy win the case?
I think the guy can win the case because he look so dedicated to take this case in the court and then the lottery company also offer him money to stop him.

Has anyone experienced not being paid for their winning for real?
It happened to me before on a faucet/gambling site. The winning is kinda big but when im about to withdraw it, it says pending. I've waited for more than a day. I return to the site and I wonder my account were logged out so I login in again but I can't do it anymore.

I suspect that they ban my account without letting me know the real reason.

Why would they take your big money but refuses to pay big winning?
I don't know, maybe because they are a scam? Or should I say doing a selective scamming only since their site is still active until now and some users are not complaining.

What could be done to curb this cheating permanently in gambling?
We can try to report them. If only I have the money I will do what the guy did in the story. I wouldn't mind wasting energy and money but what important for me is that I can take my revenge and the scam site will be close down.
2464  Bitcoin / Bitcoin Discussion / Re: How Early Is It Now, For Those Who Missed Bitcoin In Its Early Days? on: October 25, 2022, 09:08:22 PM
Giving some advice to a newbie where in fact, he shows that he is more superior to him than you who is in the crypto space for quite some time is just a sign that you must leave him with the decision that he wants to.

Giving advice to a newbie is very relieving especially if he is listening on what you are saying. Now if he wants to decide for himself then better let them do what they want to do. Sometimes, making mistakes is the way for a person to learn and this isn't only applicable to investing but in real life as well.
That's something that should impact the thinking of someone who knows about finance and long term fundamentals of things. Someone who is a newbie would look at the chart, and see that it should be growing x10+ each time a bull run happens, and expect at least 200k, probably closer to 400k when the next bull run happens, and if that doesn't happen then they will think that they were misled.

Unfortunately we are not going to grow that big each time, it's growing bigger meaning the same, or even more money that you put in each cycle, could take it only a certain point. Growing from 1 dollar to 100 dollars was 100x, but it required less money than growing from 10k to 20k which was only 2x.
2465  Economy / Trading Discussion / Re: Best Strategies for Trading. on: October 25, 2022, 08:42:43 PM
Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.
The best to use is high market cap coins, Bitcoin and Ethereum pairs are good also check from your exchange using which pair got high trading volume, which means there are a lot of traders trading those pairs recently. And also try to trade with stablecoin pairs first.
Also, avoid using high leverage, less leverage less risk. Practice risk management, don't go all in.
The problem with trading high cap coins like btc and eth is that their minimum is also high and if you place a low amount it will mostly be ignored. If you are a small trader I think it will be better if you will also choose smaller coins so that you are sure that you can trade on them consistently.

Small coins are also perfect for short term trades and not for hodling because we don't know what the future awaits them. Using stable coins in our trades is also great so that we can protect our profit from the effects of volatility. Leverage trade and other unusual/complicated terms are only for advance traders so they are not advisable for now in the OP.
2466  Alternate cryptocurrencies / Altcoin Discussion / Re: Hidden Gems on: October 25, 2022, 06:55:01 PM
What are some hidden gems you guys know of? Solid crypto projects that have a great product but haven't really marketed themselves
If that is about altcoin, we could be wrong in saying that one or two coins can be the hidden gems because, from all of the altcoin lists, it is very difficult to know which altcoin can get a massive increase in the next altcoin season. Every altcoin, especially in the 10-50 coins lists, has the potential to increase, so if you have big funds to invest in the altcoins, you can buy one by one of the coins, so you can expect to make some profit from that. But that will not be a good decision because you will confuse to manage your time checking the coins one by one.
There are too many people who think that their investment is the one that will be the hidden gem, you could find 1000 different people who will shill 1000 different coins or tokens that will be the hidden gem that's going to be their thing.

We all know that it's not going to be like that and we are going to end up with something that is going to end up with a good amount of drop in value and all these people will be upset about people not investing into their good project instead of realizing they invested into something that was bad. This causes them to not learn any better, and then invest into things popular, instead of fundamentally good things.
2467  Alternate cryptocurrencies / Altcoin Discussion / Re: Another example is how greed destroy crypto investors. on: October 25, 2022, 07:27:01 AM
A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.
Yes bro, greed and fomo always the reason why investors always lose funds and also fall into scams. If you were contented with your first trade this would not have happened to your funds. This are the tough choices an investor needs to make when it comes to selling, sometimes the revers is the case, after selling the price keeps going and you will be in total regret (especially when the project is such that has all the ingredients to succeed).
If it was something easy to detect, investors would pull out their investment immediately they sense the project has the tendency to scam but that is not something very easy to know. Too bad this has happened.  
Unfortunately crypto gives people a type of power that they have never received before, allowing to build their own markets. Even though hedge funds and bigger players started to go in, crypto is famously belongs to people, even when those big players joined, we ruled the market and we decided where it will go.

It means it doesn't follow any of the traditional market rules, and all based on hype and opinion. This is why there are a lot of people who uses that power and gets greedy with it and end up losing money because of it. If you are too greedy when the market already gave you a lot, you are going to end up with a big loss for sure, there is no return from that.
2468  Economy / Economics / Re: 23 Countries Now Abandoning US Dollar on: October 24, 2022, 08:21:32 PM
But the weakening of dollar will have a damaging affect on the other business - there are positive things and there are negative stuff too
Creating the new world order is always painful and it always happens over decades. It is more painful for those who didn't accept the new world order to plan ahead which is why we see much higher inflation in some countries compared to others. This is true on a smaller scale (businesses) too, they had to plan ahead knowing USD will eventually be abandoned by a large portion of the world.
The trick is, when you are creating a new world, a world where things are constantly progressing, you are going to have a lot of people who will be against it, and I mean a ton of people, and some will take it even 100+ years back if they could, given power. However overall the world will grow and progress for sure. This is not just in social sense, it is also economical sense as well. We are living in a world where it is certainly expensive and having hard time, but there is no doubt that even a homeless person right now lives a better life than a blacksmith 1000 years ago did.

Because, we have improving technology and life standards. So, I am having hard time with "basic needs" maybe today, but it is clear that we are not going to really be denying the fact that everything we have in our homes could make kings of old times jealous of what we have. Even the tech I use to write this message is amazing.
2469  Economy / Economics / Re: We are facing a new recession ten years after the previous one... on: October 24, 2022, 07:14:12 PM
eventhough it's a small sample we are definitely not isolated. I have listened
to reports over the the years and recently which state that low to middle earners have not seen
the same salaries as prior to the last recession.

True, there are sectors which have had handsome wage increases but I would argue they are not
the majority. We are not called the "squeezed middle" for nothing. We are the majority so we feel
it the most.

I tried looking for some evidence of this and can only find the average wages over the last 12 years
in my country, bear in mind that almost 50% of the population live in or around the capital.
Unfortunately there aren't enough money to create a gap between low-medium and then high earners. People are moving towards a world where the owners would make as much as possible, but the employees are close to each other. Long gone the days where you would live a good life if you studied in college, or have some expertise in a field, everyone is making close to each other these days.

In my nation someone with minimum wage and someone who makes 4x more than minimum wage do not live a very different life, one cares about their money a bit more of course, but the other doesn't live like kings neither, it's definitely very close.
2470  Bitcoin / Bitcoin Discussion / Re: What problem does Bitcoin solve? on: October 24, 2022, 04:18:03 PM
The very big problem that bitcoin solves is the problem of intermediaries and third party problems, we are free to make transactions wherever we want, and we are free to keep our assets for as long as we want, because bitcoin is not controlled by anyone, only we ourselves are in control of the bitcoins that we have, the difference between bitcoin and government currency is that the supply is limited, bitcoin only has a supply of 21 million, while the state currency continues to be issued by the government without any limits.
The other difference is that even though bitcoin could be tracked, you could maybe never know which person an address belongs to. Some addresses could be found, but there are still so many wallet address' that we do not know who it belongs to, which means that it would not be possible for anyone to know what we are spending our money on. That type of privacy is also a big thing, in regular life fiat is tracked very carefully, hell even the money we own have numbers on it, so it can be tracked however we want to.

This is why bitcoin is far better, it is truly decentralized and that gives us a good power and that means it is going to work out in the end for bitcoin and beat fiat clearly.
2471  Alternate cryptocurrencies / Altcoin Discussion / Re: Why ETH price keeps decreasing? on: October 24, 2022, 02:39:42 PM
ETH and almost top coins are certainly experiencing difficult times, this is because the market is drops so that what happens to the drops is generally an impact, if the eth drops then we can be sure that other coins are also drops, because the current ETH position is the second strongest After Bitcoin.
Yeah you are right, if we were in a bull run, the merge would have increased the price of ETH  a ton, and people would be cheering for it, because during the bull run whatever you do is considered to be a good thing. But, because we are in a bear market right now, it's obvious that we are not going to really get anything special out of it, and that kind of upsets me.

The same thing that would be good in the eyes of many people, could become an unimportant thing suddenly because of the market condition. I hope that one day we will get over this, and be in the bull run again and we could see how great ETH could become, 10k+ price is not impossible for ETH in the next 2-3 years.
2472  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 24, 2022, 05:20:11 AM
Although Pakistan lost, I want to praise them, the way they put pressure on India is really commendable. Pakistan bowlers have performed brilliantly. But we have to talk about Virat Kohli, because of him India won today. But there is some controversy about the no ball in the last over. Had it not been a no ball, Pakistan could have won.
In last few years we have too many complaints about things especially when winner is from Big three countries then things are more controversial which are creating mess up between many countries, and they need better clarification about this all here today we have another big problem which is surely needs to be settled by ICC because I was reading on social media many big names from Australia, England and few other countries were also feeling they need to be more clear despite having off the field talk which can create more issues for this game.

Even yesterday India won and now result is not going to change but here empires done few mistakes which they have done in ODI CWC against New Zealand in favor of England today we have these against Pakistan in favor of India like no ball was given after order by Kohli and then if this was no ball then on next ball Kohli was bowled out and why he allowed having three runs even rules clearly saying this was dead ball, so this is surely questionable thing which needs to be settled on ground with presence of mind and or by the help of referee.
2473  Economy / Trading Discussion / Re: WHAT DID YOU STUDY? WHAT DID YOU LEARN? on: October 23, 2022, 09:02:31 PM
What stops us the most from becoming master traders?
So many things made people from not becoming master traders. Trading with a wrong coin that have no value has made many beginner not to have interest to continue with trading.  Apart from trading with the wrong coin many people have lost interest concerning trade because of greed. Most beginners fall into cryptocurrency trading because they want to make money, on the process of trading with no knowledge and they lose money, with this result it can make them lose interest not to continue with trading.
That is sort of what happened to me. I started trading on the early days of crypto world, around 2014 and there wasn't this many coins available back then, not sure if we even had token world at all just yet back in those days. However, when you were trading since the options were low, that meant you could trade on things that wouldn't really be outside of the trading scope, we all traded the same things.

This caused some of them to have pump and dump or have some problems a lot easier because the aim would be on one of them eventually. After losing a bit of money on them, I focused simply on bitcoin and long term investment, I eventually restarted trading with small amounts again, but took me years to get back.
2474  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there something I don't get about USD possible losing it's value? on: October 23, 2022, 05:53:59 AM
We'll never know when USD will stay above or pumping. For me, the current USD value versus other currencies is really strong. But I will not consider it forever, there are some time in the future that it will pullback or correction. But for now, USD is owning, I admit it.
USD "may" look better compared to other currencies, but it is still worse than btc in my mind. If I was offered $1000 worth of USD or same amount in BTC, I would always pick btc, and would keep that in my wallet.

I rather end up with something that could gain value in the long run, even if USD is losing value slower than other currencies, it is still losing value and that is a big deal. What you can buy with $100 today can't be really same next year with the same $100 and that is why I would prefer to have bitcoins. Do not be fooled by USD doing better than other currencies, those are all fiat it is competing with, and that is a big problem.
2475  Alternate cryptocurrencies / Altcoin Discussion / Re: Mnemonic is no longer safe? on: October 22, 2022, 03:28:53 PM
What token or coin has the address taken??
Has your friend's wallet address previously interacted with Smart Contracts or 3rd party websites??
because as far as I use Mnemonic there are no problems with the altcoins that I have.
I've also lost assets of around 500 busd because I've interacted with smart contracts that are designed to drain the contents in your wallet when you interact with them.
yes, I saw some people who posted lost their tokens in the telegram group.
even the case experienced is the same as what you are experiencing.
we can see quite a lot of fraud tokens in our wallets. so if we suddenly get a token that we don't know about and it turns out to be quite expensive. never expect it to be an airdrop. it will drain the tokens we have in the wallet.
If we take the question at hand, then we can easily say that we are not going to get our mnemonic cracked or anything like that, it's impossible and the power that is required to crack that would be bigger than any server I know of, and if anyone could have done that then I would assume it would have been the famous big wallet of satoshi and not some 300-400 dollar account.

However, about the fact that it was cracked into and money was stolen, I agree that some token situation, or some other way it was designed to get the owner participate a bit was involved, that way they could socially hack your cooperation and then get it directly from you.
2476  Economy / Economics / Re: 76% of Adults are Making Lifestyle Changes to Prepare for a Potential Recession on: October 22, 2022, 02:40:00 PM
Of course, we had already been warned, and if you followed the economy a little, you could see that at some point in the near future we were going to have another crisis, regardless of the war that is happening, because the solutions to the 2007 and 2020 crises were a flight forward by the central banks by flooding the markets with liquidity.
This is also what Germany did after World War I. They were hit by sanctions so they printed money and created big inflation and recession, which is why Hitler was able to give people purpose and create jobs, even when the purpose of these jobs were to make war machines and munitions.
Lots of similarities between that time and now with what Putin is doing. Reduction of country's population and giving people an enemy to fight usually works against recession.
It's not really similar because in this situation there is no war, it was the pandemic that caused people to print money. And this time around there is no "coming back from war" type of extra jobs. Back in 50's and 60's USA lived the richest period of its life. Because, tech was improved enough to actually do something with the man power, and since men came back from the war, there were a lot of people willing to work.

This created a boosting economy where there were new things all the time, and they were all working to get better, and there was money to be spent as well. This time, there is none of them, just a handful of wealthy people becoming even wealthier.
2477  Economy / Speculation / Re: Why speculate when you can be at peace with Bitcoin on: October 22, 2022, 01:40:41 PM
At present the Pope always gives negative news when the red market, of course they hope the price of the red again and can buy in large quantities, we certainly have to follow the pattern or trend so that we can get a big profit in a short time.
What are you talking about, mate?
You tell everyone to follow Patterns and Trends in order to get a lot of profit. But you don't explain yourself about Patterns and Trends that are good for everyone to follow in conditions like now. Now since you have said that here, then it would be better if you want to give a more complete explanation of the Pattern and Trend that you mean.

Since the task of the whales in the market is also to make as much profit as they can and everything they do is definitely considered for themselves, so there is no reason to blame the whales for this.
I don't know about Pope, but the patters that I watch is the resistance and support, if there is a good amount of resistance and support that market fails to break, that means we could trade in between them to make a good return and that's not too bad, but if we are talking about a situation that breaks them all the time, that is bear or bull market and that is usually scarier and people don't know what to do.

Right now, we go in between 18k and 21k, if you could buy at 18k and sell at 21k and keep repeating that, you would make a lot of profit. Some people did that already and got good profits, without waiting anything, just buy at support, sell at resistance, as simple as that.
2478  Economy / Speculation / Re: What Will be the Bottom of Bitcoin till 2025? on: October 22, 2022, 11:15:03 AM
10k I also think will not happen but 15k can happen, the event that I think will shake the market again is the Fed rate hike in November. As we all know October's CPI did not fall as expected and raised concerns that the Fed will push the interest rate to the highest possible level, if it increases by 1%, I believe it will continue to sink the market in the sea blood again.

But whether things go bad or not, there is nothing to worry about because one thing is for sure, the bear market will not last forever and bitcoin will rise again. So our task is to choose a good time to buy bitcoin cheaply and hold until the bulls appear.
I think 15k will not happen neither. We have already reached bottom if you ask me and from here on out we are going to just draw to these levels and go up and keep repeating that until it starts on a bull run and goes super high. When that happens it's going to be from these places and not anywhere lower.

People are expecting even bigger drawback so it would be easier to go up, but we already got here from 60k+ levels so we do not really need any bigger drawback. It's already under 19k and reach this under 19k a few times already, and each time it went higher, I believe that we are going to keep having that and nothing more. This is of course just a guess, nothing guaranteed.
2479  Bitcoin / Bitcoin Discussion / Re: Throwback: Bitcoin was $64k today, a year ago. on: October 22, 2022, 10:40:03 AM
Oh well how time flies isn't it, yeah I still remember when the price is above $60k because when I check my wallet I was surprised to see how much it has increased although I sold some earlier. (I still have some though up to this day and continue to accumulate).

Anyhow, history will repeat itself again, maybe in 2025, when the price is around 6 digits there will be a lot of tweets about the current price.
I do agree that we do not know the time when it will repeat itself, but I know that it will definitely happen eventually. This is why I think investing right now is such an easy decision, it should be reaching to a level where it could be a lot higher, and that would be seriously good for our wealth, and we do not have to do anything about it, the result is already there, you just buy right now, and wait for it to go up just like everyone expects it to go up and you will profit from it.

I believe that this is the best decision of my life, I am going to profit from it very easily and it will not take too long neither, just a few years and I will have a great return.
2480  Economy / Trading Discussion / Re: "Gareth Soloway: BTC to 3,5k possible" How likely is that? on: October 22, 2022, 06:45:52 AM
He is always been in Kitco news to forecast scary things but is also not going to predict future prices. Soloway also predicted the price back in 2021 will dip below $20k in a bear market and it also happened. There are several support lines to break before it could reach the 3.5k low. There may just be a catastrophe that will happen that will cause this plummet. Hopefully not.
I guess there are some people who like to make these type of bearish claims, there are some people in the fiat world who like to make these type of bearish calculations and predictions as well, and since fiat world does have 2008 or 2022 type of years here and there, they are sometimes right.

Like the famous Michael Burry or something, he knew the 2008 crisis long before anyone else, and everyone thought he would be a smart person who knows trading very well, but in reality he just thinks everything will fall at all times and he was right very huge time on that particular subject. Some people are just bearish on trading, and try to make money on that.
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