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2521  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you know when to sell? on: August 07, 2022, 08:39:17 PM
Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

You know when it's the time to sell when the market becomes bullish for an extended period of time. When you see major cryptocurrencies with a price increase of over 2% during the day, you know that they're going to keep rising in price for a while. But when the increase is 1% or less, the effects would only be temporary as the cryptocurrency or token will quickly enter in "bearish" mode. Despite this, we can never predict with certainty what will happen with the price of a cryptocurrency due to the unpredictable nature of the market.

As a word of advice, only invest into solid projects with a proven track record of development and innovation instead of projects that are full of hype. If you do that, then you'll be on a road towards long-term financial stability. Just my thoughts Grin
2522  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the most trusted stable coin currently (in your opinion)? on: August 07, 2022, 08:18:46 PM
I know this question has been answered many times before.

However, I want the current market outlook.

Frist:Stablecoins are cryptocurrencies the value of which is pagged, or tied, to that of USD.

I made this post to discuss together which stable coin is the best stable coin in your opinion ?

The current biggest stable coins are:

1- Tether: USD

2- USD Coin: USDC

3- Binance USD: BUSD

4- Dai: Dai

5- True USD: TUSD

These are the biggest by marketcap .

After a research I saw that a lot of negative comments are about USDT.
However, USDC and BUSD seems the most trusted .

What do you think?

Thank you.

DAI is the best stablecoin among them all simply because it's decentralized. But that doesn't mean there's no risk involved when holding it. Maker's stablecoin (DAI) could easily lose its peg if ETH goes all the way down the drain. It's a collaterized stablecoin after all. So far, DAI has maintained its 1:1 ratio to the US Dollar, so it's very unlikely it'll go anywhere soon.

I wouldn't trust centralized stablecoins (especially Tether) because the risks of loss are extremely high. Many things could happen starting from the company/issuer running away with the money (scam), from governments taking action against the centralized stablecoin itself. Regulators are now closely following the stablecoins industry after Terra's UST collapse, so I'd recommend anyone to choose decentralized alternatives just to be safe. Just my opinion Smiley
2523  Alternate cryptocurrencies / Altcoin Discussion / Re: Bear markets are a time for building, development and research on: August 07, 2022, 08:02:50 PM
I saw a thread suggesting that new coins will bring big profit. This is true, however, these new projects that might bring big profit are harder to find during a bear market. This is not anymore a market where you can buy the most stupid coin similar to memecoins and profit 100x. This time we need to do more research on the project, what it does, the tokenomics, how much coins or tokens are issued and how much are emitted daily, weekly or monthly and the development team, if they are good and if they have enough funds to develop the project all throughout the bear market.

Also, it is important that you should not be wasteful with the money, bitcoins or stablecoins you have left for investing. The market might be bad for months, years or longer. Be cautious and do the research. Invest in good development teams.

Bear markets are usually a "test period" for cryptocurrencies where the weak ones will fade away while the strongest ones will remain after the tide settles in. "Meme" coins are worthless since they're only driven by hype. Coins with real fundamentals behind them will continue to develop behind the scenes with or without a bear market. You must choose wisely to preserve your investment for the long term. Usually the old coins (eg: Bitcoin, Ethereum, Litecoin) are all you need to live a great financial life for years to come. New coins are usually risky (eg: Solana) because of their unproven methods/approach to scalability, among other things. They can easily disappear if developers move on to the next big thing in crypto.

For what I know, the crypto market is truly unpredictable. No one can tell what exactly will happen in the future, so we can only hope for the best. Just my thoughts Grin
2524  Economy / Collectibles / Re: [AUCTION]- CYPHER HODL- PRINTED PHYSICAL BITCOIN SET/INDIVIDUAL COINS WITH NFTS on: August 07, 2022, 07:53:08 PM
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2525  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: August 07, 2022, 09:44:14 AM
Campaign paid

Confirmed. Thank you! Cheesy
2526  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you regret when you miss selling at ATH followed by a correction on: August 07, 2022, 02:00:02 AM
You never know what would happen in the future, at the time I'm sure you see that the price is cheap and you are expecting that it will rise over time. Now, we see a major collapse of the market again, however, you should not panic, see it as a normal thing, if you cannot buy again, just hold and trust the process, eventually, bitcoin will pump and the rest of the market will follow.

We can only take a guess of where prices will go, but we can never be so sure because of the unpredictable nature of the crypto market. Altcoins are much more volatile than Bitcoin, meaning the risks of loss are higher. I did regret not having sold some alts during their ATHs, especially when they never went back to their original prices after a long period of time. That's why I'm more into Bitcoin because it has a high probability of reaching a new ATH after every halving. No one can predict the future, so we should diversify our investment just in case. Just my opinion Smiley
2527  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin is helping to eradicate poverty in poor countries on: August 07, 2022, 01:57:41 AM
Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

Bitcoin is just like any other kind of currency. Whenever it'll help you get out of poverty or not, will greatly depend on how you use it. One thing for sure is that Bitcoin empowers poor people to be their own bank. They'll be saving on fees, plus they can be assured their money is safe against confiscation/freezing from third parties (mainly governments and central banks). In communist countries like China and North Korea, Bitcoin proves to be the ideal "tool" for people to experience true financial freedom.

If Bitcoin didn't existed, then we'd still be subject to banks' desires. Now that we have Bitcoin, things have changed. Most governments are afraid Bitcoin will take over the existing financial system because of its ever-growing popularity. Only a few are embracing it for their own benefit. Who knows if Bitcoin becomes the key towards financial prosperity? Just my thoughts Grin
2528  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Solana still a thing? on: August 07, 2022, 01:54:31 AM
Solana goes completely against the idea that cryptocurrency must be decantralised. It's possibly the most centralised "mainstream" altcoin with a shady team that has historically lied about not only the fundamentals of the project like the circulating supply, but the shady members of the team have also been caught for fraud.

Much more advanced, more decantralised and Secure Level 2 competitors like MATIC exist, which have had infinitely better uptime, and security. Solana is not the cheapest, nor the fastest competitor either, so that's not in it's favour. There's few projects. Fewer with any reasonable legitimacy. It's just a hyper inflated L2 that has nothing holding it up other than hype and NFTs as fundamentals.

The only thing Solana has been consistent in, is underperforming, having outages, missing road map targets, getting hacked, and making false promises.

How many time does SOL have to be hacked, fucked, and stomped to actually die?

Solana is "still a thing" because whales are pouring money into it like crazy. This project used to be overhyped back in 2021, so it's very unlikely it'll disappear anytime soon. Average people may abandon the chain, but whales and other big players will remain on board. I wouldn't trust Solana with my money simply because the risks of loss are too high to bear. The network is highly centralized and it's flawed by design.

There are far better alternatives that put their focus on security/reliability on top of everything else. Both Cardano and Polygon (MATIC) are much more reliable than Solana itself, so I'd suggest you invest into these coins for the long haul. Crypto is widely unpredictable so anything could happen in the future. Just my opinion Smiley
2529  Economy / Economics / Re: The BTC price must stabilize in the long run. on: August 07, 2022, 01:51:58 AM
This "Bitcoin standard" is exactly the effect I'm hoping for. If Bitcoin is more used as a currency, even with floating prices, you'll get at least for short timeframes when Bitcoin is rather stable, a "feeling" what a certain Bitcoin fraction is worth (i.e. if Bitcoin is between $20K and $25K, then you can say "1 BTC is worth as much as a small car"). If this effect becomes more common, it could slowly make pricing in Bitcoin more popular (what is currently a very small niche, but is occasionally used, e.g. in the forum marketplace and signature campaigns).

I think once merchants start significantly to give price guarantees for goods and services (this is easier for digital goods with low marginal cost, see this thread), then the way to the "Bitcoin standard" is paved. They can start with a fixed price for some hours, then 24 hours, then 48 and then even longer timeframes once they feel secure.

For the "Bitcoin Standard" to become a reality, all of the world needs to adopt Bitcoin as legal tender. This would mean "ditching" Fiat in favor of Bitcoin. I don't see Fiat collapsing unless inflation grows to a point where it's uncontrollable by world countries. Once "hyperinflation" kicks in, then we'll be forced to look for other alternatives. We were used to the "Gold Standard" in the past, and it worked out pretty well. But Bitcoin is even better than Gold, so it's likely the world will switch to the "Bitcoin Standard" with decaying Fiat currencies. Nothing is set in stone, so we can only hope for the best. Just my thoughts Grin
2530  Bitcoin / Bitcoin Discussion / Re: Are Early Adopters rich? on: August 07, 2022, 01:18:03 AM
I just wonder: are Early Adopters rich?
We know AA, author of "Mastering Bitcoin" was once attacked because he did not made any fortune having BTC from early years, then people donated some BTC and he collected around 100BTC.
Hal F's wife sued "I am Satoshi guy" and they were talking about $ 3-digit mln, so they are not kind of people who wait every month for their wage.
What about others? Bitcoin Core developers? Forum admins or well-known old users? Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

Some early adopters became rich because they "hodled" Bitcoin no matter what. But others haven't been that lucky. I came into the Bitcoin scene in late 2014, but I'm not rich because I've spent most of my BTC in cloud mining companies and daily necessities. All of the cloud mining companies I've invested turned into a scam, so I was left with almost no Bitcoin in my wallet. It was a few years later that I've decided to invest my BTC into PoS coins in order to build a passive income system of my own. I'm now making a lot of money, but I'm still not rich, because again, I've been spending the profits on daily necessities.

To become rich is quite a hard task, especially when the crypto market is widely unpredictable. There's too much volatility where BTC can one day go up and then go all the way down the drain the other day. BTC is still below the projected $1m price per coin, so I'd still consider most of us early adopters. Just keep on "hodling" and maybe you'll get lucky someday. Wink
2531  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - a joke or a way to make money? on: August 07, 2022, 01:12:30 AM
The fact that DOGE has survived in the market for more than 10 years, a community that continues to grow of course makes DOGE a hope for profit, of course many say that coin memes like Doge are useless, but the community that continues to grow is proof that Doge is still liked by the market.

Dogecoin may be a "meme" cryptocurrency, but it's one of the most tried-and-tested cryptocurrencies on the market. The strong community backing has led it to the point where it is right now. Price-wise, DOGE may decline in the long-term, but the network will still be alive because of the community. What once started as a joke, is now being taken seriously by investors and traders alike. Even Elon Musk joined the game.

It's this reason why we've seen a wave of new "meme" coins like Shiba Inu and APECOIN gaining traction like crazy. If Dogecoin didn't become so popular, then we wouldn't had seen the "birth" of the aforementioned cryptocurrencies. I wouldn't be surprised if DOGE lives alongside BTC and ETH for generations. Just my opinion Smiley
2532  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC or Gold Investment? on: August 07, 2022, 01:09:07 AM
bitcoin and gold are very different and this has been discussed many times. if you are looking to make a big profit after years then choosing bitcoin is the best option but you have to keep in mind that you are also at high risk of losing money. in short: bitcoin = high risk = high profit or loss depending on the time you buy and hold

in the case of gold, it doesn't even fluctuate much throughout the year, that is, you have to have a lot of capital and patience to profit from gold in this small fluctuation. Can you imagine staying 1 year to have a profit of less than 5%? I don't see much advantage there

Of course. The higher the risk, the higher the reward will be. For many people, Gold will be the store of value of choice because it's relatively stable. Fluctuations in price are very low with Gold than with Bitcoin itself. However, you can't expect to make a lot of profit just by holding Gold in the long term. That's where Bitcoin comes in.

If you play your cards right, you may be able to use the profits earned from Bitcoin's fluctuations in price to buy more Gold. Rinse and repeat. This will allow you to become financially stable, even if inflation continues to grow at an unprecedented rate. Just remember to never invest more than what you can't afford to lose, and you will do fine. Just my thoughts Grin
2533  Bitcoin / Bitcoin Discussion / Re: Who is really controlling the Bitcoin market. on: August 07, 2022, 01:06:19 AM
I wouldn't be so sure. It's actually whales that control the market. Traders can play around with short and long squeezes but real moves are made by big players. Like when Luna collapsed and sold all their bitcoins we crashed through the floor. Traders can only influence the market a bit because once they are out, they are out. They can start a 5% move up or down but the whales decide if this will put us in a bull market again.

Whales controlling the market has always been a problem ever since Bitcoin began trading across exchanges. These big players can manipulate prices for their own benefit, while leaving the "little guy" behind in the dust. They have the power to make a cryptocurrency a big hit or a huge failure. Money talks, so expect the unexpected. What matters is not the price of a Bitcoin, but rather its usefulness. Despite the huge decline in BTC's price, it's still useful as a decentralized cryptocurrency anyone can use without limitations.

BTC is better than Fiat because no one can confiscate and/or freeze your money at will (except if you leave coins at an exchange or a centralized wallet provider). Fiat will continue to inflate, while BTC will remain deflationary with a predictable supply of 21 million coins. The market can be controlled by anyone, but not the network itself. As long as the core Blockchain protocol remains uncontrollable (decentralized), we should have nothing to worry about. Just my opinion Smiley
2534  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum Will Not Devalue To Zero on: August 07, 2022, 01:03:01 AM
Fud is everywhere. There are also people spreading fake rumors that even Bitcoin could devalue to zero which is insane. That's the reason why we shouldn't listen to FUD and as much as possible, we should do our own research including each coin's history so we'll never be deceived by fake information. Ethereum has been trusted by lots of investors so it will be too impossible for it to devalue to zero.

There are many haters who don't want neither Bitcoin nor Ethereum to succeed in their mission of bringing "banking to the unbanked". Such haters are usually banks, governments, and/or wealthy people (like Warren Buffet and Donald Trump). It's very unlikely Ethereum will go to zero because it's the one smart contract platform that actually brought the concept of Web 3.0 to the world. Without it, Cardano, BNB, Solana, and other smart contract platforms wouldn't have existed.

While going to zero is almost impossible, ETH's price could certainly decline depending on current market conditions. If there's low demand for ETH, the price will fall. But if there's high demand for it, you can expect the price to increase. Consider how the announcement of "The Merge" caused ETH to increase in price within a short period of time. Anything can affect its value, but the network will survive because it's the original project that started the "De-Fi" craze. Who knows if ETH remains as the "King of Altcoins" while the rest simply fade away into oblivion? Just my thoughts Grin
2535  Economy / Collectibles / Re: [FREE RAFFLE] 2018 BTC To The Future! v1.0 Limited Edition #065 on: August 05, 2022, 11:28:06 PM
90 - Abiky

Thanks! Cheesy
2536  Economy / Collectibles / Re: [FREE RAFFLE] 1HoDLCLUB Special "DIY EDITION" free raffle ! on: August 04, 2022, 09:41:19 PM
Great raffle! I'll take #7, please. Thank you! Cheesy
2537  Alternate cryptocurrencies / Altcoin Discussion / Re: Can anyone tell me the advantages of buying TUSD instead of USD? on: August 03, 2022, 01:16:10 AM
It is said that TrueUSD is pegged to USD, but is TUSD value always the same as USD value? How is it any better investing in TUSD over USD?

The advantages of buying TUSD instead of USD?

TrueUSD is the same as any other collaterized stablecoin. It's pegged to the US Dollar, bringing you the convenience of Fiat money without ever touching banks. The stablecoin is a great tool for day trading when you want to get the most out of the crypto market without going through all of the hassles of cashing out to Fiat. While it does come with its benefits, TUSD cannot be trusted for storing your money in the long term because it's not backed nor regulated by the government. Just like UST fell all the way down the drain (even though it was another type of stablecoin), the same can happen with TUSD, USDT, and other stablecoins on the market. There's nothing 100% guaranteed that will last a lifetime.

I'd prefer to sell crypto directly to USD just to avoid all of the risks of holding stablecoins in my wallet. Ultimately, you decide what to do with your money. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin
2538  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum Will Not Devalue To Zero on: August 03, 2022, 01:09:08 AM
Among the crypto market's most popular coins, bitcoin and ethereum are the two that I consider the safest. I have never thought either of them would die even though the market is unpredictable, everything can happen.

All altcoins today are based on ethereum created although one of them is improved and outperforms ETH, but if ETH doesn't exist they can't be on the market either. Value of ETH will continue to depend on bitcoin and could still fall more but zero is unlikely.

Exactly. Ethereum is one of the oldest and most trusted cryptocurrencies on the market after Bitcoin. Saying ETH will go to zero is like saying BTC will go to zero (which is something impossible right now). The only way ETH will go to zero is if something terrible happens with the network where there's no point for recovery. There are thousands of nodes and miners supporting ETH, so it's likely the cryptocurrency will last for generations.

One thing for sure is that all other altcoins are simply copies of the original crypto projects (which are Bitcoin and Ethereum). How would you expect a "copycat" to beat the original project anytime soon? Neither Cardano, BNB, TRON, or any other smart contract platform would've existed if Ethereum didn't launch a few years ago. It's the one project that brought the concept of smart contracts to the crypto/Blockchain space. ETH is the most decentralized cryptocurrency after Bitcoin, so there's no need to worry about its value plunging to zero anytime soon. Just my opinion Smiley
2539  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Terra Classic scam? on: August 03, 2022, 01:03:07 AM
Buying luna classic at a low price also doesn't mean you won't be at risk in the future, because it could still fall further in price. Whales and large investment funds no longer support the project. The community exists because there are people like you who believe that just put in a small amount of money and hope the sharks will pump, then take profits but unfortunately it will not happen. Sharks will not stupidly use their money to pump and then you dump it on their heads.

After what happened with the UST stablecoin crash, Terra Classic is nothing but history. Not even the founder was able to save the project. What makes you think the LUNC token will "resurrect" after investors and traders lost confidence in it? With the path Terra has taken, I believe LUNC will become nothing more than a "meme" cryptocurrency. It will join the ranks of Dogecoin, Shiba Inu, BabyShibaInu, and the others.

I've yet to see whenever the new version of the project (Terra 2.0) will become a huge success in the long run. There are so many competitors on the market with greater ambitions than Terra itself. Without true innovation and mainstream adoption, I'm not sure Terra 2.0 will rise all the way to the moon. At least, the code is available for "anyone to play with". As long as decentralization wins, nothing else matters. Just my thoughts Grin
2540  Economy / Economics / Re: Euro currency going down on: August 03, 2022, 12:31:13 AM
The tensions are rising back up again with US-China face off close to Taiwan these past days and Russia cutting off gas to Latvia and on top of that with NATO military drills in Russian neighborhood and a couple more cases.
During all this, interestingly enough Russian Ruble keeps going up against USD!

We have to see where all these new tensions are going to lead to and whether we are going to see a member of NATO being threatened because if it does Euro could tank hard.

Things don't look bright for EU and the rest of the world. Another war would further plunge the value of EUR as we speak. The US Dollar could also be affected as inflation grows to a point where it's uncontrollable by the FED. Everything has gone downhill after the COVID-19 pandemic took the world by storm around 3 years ago. Whenever or not there will be a light at the end of the tunnel, it's yet to be seen. The EU needs a strong monetary policy in order to prevent the EUR currency from collapsing. It's leadership is weak, so don't expect the EUR to recover in the time-being. Who knows what the future holds for the Union? Just my opinion Smiley
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