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2561  Economy / Trading Discussion / Re: Trading is not a Game . on: July 21, 2021, 02:22:33 PM
Of course it's not a game, but you don't have to be so serious about it because it's not like it will make you yield more money plus it helps that you are loosen up a little when you are trading because you want to make sure that you are thinking clearly, it's alright to threat it like a game but remember that it's not a game.
Some people just think it was a game, I don't know why but maybe because trading is like you gamble money for a win and loose end, similar on what we do in gambling. But I don't stress myself to stand that they are wrong and I am right, it was their appreciation if they that they called it, that's fine. It's just we know that trading could really hurt us if we fail and the same feeling when we gamble and lose. What makes difference between these two is the strategy we use where trading needs deep knowledge and focus on the market which is far different from gambling.
2562  Alternate cryptocurrencies / Altcoin Discussion / Re: The market situation is deteriorating day by day.. on: July 20, 2021, 11:30:02 PM
BTC is under 30k right now and it doesn't mean it's the end for bull market yet,  things might take an unexpected turn in coming weeks but we really can't say so I'd say be prepared for any possibility

And besides, no one can tell you what will happen next. You just need to prepare yourself for any scenario. If you have short term needs for your crypto, maybe cash out some but if you have no urgent needs and you believe long-term investment, don't panic just hold. This seemingly bearish market is not forever, just like the bullish run in the past months. We can just speculate but hard to know what exactly will happen in the future.
It is a need for us to have some trust and market confidence that it all be fine sooner. We are not in a worse situation yet so there is nothing to worried about. keep calm, do other stuff to divert our mind, and not focus on the market.

Though I keep myself positive, sometimes we also have to expect a situation like this as a part of the crypto cycle. We have had this trend before and so it happens again. If we can manage to hold then we have to but if not, don't regret letting it go.
2563  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is the Best coin in 2021 on: July 19, 2021, 01:15:30 PM
Actually, lately we have a lot of coins to save for the next year, even my predictions are not only like etherium and btc will go up, but many like altcoins such as DOGE BNB and other altcoins, there are still many that we can invest in in the future, actually that's all depending on our respective beliefs, but we ourselves can see the development of the altcoin itself which we want to invest in
Will BNB can give you some profit but I don't know with Dogecoin. I ask you to find another coin rather than to invest meme coin.

Anyways, I invest in coins that I feel was safe and really have a sustainable market volume like BTC and ETH. I'd never spend more time digging for new projects as I was not really confident with them. Though there are some worth for investment however it is too hard to find them and we might just fall into the wrong project.
2564  Bitcoin / Bitcoin Discussion / Re: What is the practical value of Bitcoin on: July 19, 2021, 12:40:01 PM
I valued Bitcoin as a currency (before) and once I receive my weekly payment in BTC, I usually converted it to our local currency to use to buy for my basic needs and others. But for now, I started to save some for investment as I was seeing that Bitcoin will have a higher value in the future which gives me a chance to double my money if that time has come.  
2565  Economy / Speculation / Re: BTC breaks 9k, are we on bull run? on: July 17, 2021, 09:49:40 PM

If we can give the time and wait for this to happen then we could end up making a lot of profit, all we have to do is just wait and give it some time. However interestingly enough there are tons of people who can't do that, we are talking about tens of thousands of people who sell as soon as they see bitcoin going down, no idea why they are that much scared but there are many that does it.

Make it simple, wait until the bull run will come, and while waiting, your activity is more focus on accumulating cheap bitcoin and altcoins at your choice. If these altcoins have good trading volume, they will likely pump during the bull run, and it's almost automatic as we have already seen that kind of scenario in the past two bull runs.
2566  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will dogecoin drop to $0.2 again? on: July 17, 2021, 09:01:32 PM
There is a possibility of price dropping for dogecoin and indeed this is a meme coin and likely overvalued compared to its usefullness but still the big whales for this coin has the control and can manipulate market price anytime.
It is clear, because no coin can survive at high prices in today's market conditions because if Bitcoin does not experience a gradual recovery, then Altcoins will always fall slowly at current conditions, and that is regardless of the game made by the players big whale.

That's the normal trend, we have to expect major losses of altcoins because bitcoin is struggling, more so if bitcoin will dump below $30k which is likely as it's not pumping but only stayed at the current level. This is not the time to hold altcoins that you think are not strong enough to survive, they can pump during the bull run but they'll suffer real hard during the bear season.

By the way, looks like DOGE is rebounding a bit, looks good but doesn't look stable at all.
2567  Bitcoin / Bitcoin Discussion / Re: Can BTC exist without Fiat? on: July 17, 2021, 02:36:21 PM
I don't think bitcoin can survive without fiat, because where can people buy bitcoin itself without starting with fiat,

when you buy a car with bitcoin I think it's possible, it's just that , when  bitcoin have high price  you will experience a very large loss compared to using fiat money
Its volatility feature is the thing that merchants had to consider accepting Bitcoin as a mode of payment. If only that its value is stable, the majority will likely use it instead of fiat but as this can never be changed, we could think that Bitcoin won't ever survive or exist without fiat money.
But it was not an issue, I think. Fiat money will still be there even there is a surge of Bitcoin demand because the majority will still be using fiat compared to Bitcoin.
2568  Alternate cryptocurrencies / Altcoin Discussion / Re: How do I know if an altcoin is a scam? on: July 17, 2021, 01:59:48 PM
Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.
Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.
It is very simple to choose which one is profitable and sustainable coin the market. They are a lot of them, actually. Only we need to keep them rather than looking for other potential coins which we are not sure about. For we are about surrounded by scams and fake projects, the more careful we are going to choose of what project we invested as this can be final and no way we can get our money back once we fall into scam projects.
2569  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs Errol Spence Jr - August 21 on: July 17, 2021, 01:24:24 PM

In any case, Manny being the underdog is good for us.

I think Manny will remain an underdog even on the actual fight, lots of Americans will bet on Spence as he is the younger and the bigger guy, and champion as well. We believe in our countryman and since he is a "pambansang kamao",  we should support him no matter what.

I am so excited for this fight man. As someone who really grew up watching at least most of his fights, it is such a privilege to witness the People's Champ back in the ring with his age not hindering him from fighting the very best from his weigh division.

Do you guys have an idea about the pay-per-view setup on his match? I've been trying to look for the pricing but there seems to be no updates on how to watch the fight. I am pretty sure that I'm going to bet hard on this fight for Manny!

Maybe we will see some PPV offers as the fight is nearing, and yes man, that's the right thing to do, bet hard on Manny Pacquiao as he definitely has a good chance of winning the fight, Spence is big and strong, but who are we to doubt our very own who is the only 8th division champion.
Pacman was the underdog of this fight or not, age limit or not. I am still going for him as the winning of this fight and I know the lover of boxing that really understand his capacity will do the same. Besides, Logan Paul statement when he visited Pacman at his training session should make people understand that Pacman is not playing.

I hear that the fight PPV offer can be find on fite.tv

Most of us here are betting on Pacquiao to win, that's for sure as most fans are Filipino fans. I only notice a few here that think Spence will win although in sportsbook he is the favorite, so this thread is a bit bias, lol.. Anyway, as long as we will see a great fight, that would be so nice, whoever wins as long as it's an entertaining fight and both will make a good payday.
2570  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Elon Interested in Dogecoin? on: July 17, 2021, 12:56:57 PM
It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and  he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

So you think he has not benefited from that pump? I guess the intention was really to make money because if he has a genuine intention which would want to help the market grow, he should have not shill a meme coin that has no fundamentals.
2571  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: July 17, 2021, 12:38:50 PM


^^ That win is not without a scare and the score may deceive you that it's a lopsided win but it's not, it's actually close.

That bet is a mistake on my side because I thought at first that the opponent of Magnolia will be NorthPort, must be sleepy when I look at the odds at the bookies but nevertheless, it's a win lol.

Seems Abueva is a good fit on the Magnolia system huh.

I saw the 4th quarter and it was really a close game, I didn't expect Magnolia will cover the spread, but that's the game, sometimes you are lucky, sometimes you are not, so I would say congratulations to you bisdak40 , you have some blessing on your mistake.

Calvin Abueva had a double-double with 26 points and 10 rebounds in his debut with Magnolia, that's very impressive knowing it was a low-scoring game.
2572  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: July 17, 2021, 08:23:23 AM
Trading is always learnable and none can gather all experienced In an instant time. The first time I lost my dollars at trading but now I gathered knowledge and experienced that I already profited instead of loses.

Most people are blinded by the risks of trading not knowing how it could be profitable if they would have enough knowledge about it. It's a long process of learning and saying negative things about it wouldn't help. People who have a bad mentality when it comes to trading are those who are afraid to take a risk or have failed at it because of not having the willingness to learn everything about it.
Yes, it was and they have been influenced by others saying that they can make money for trading. Apparently, they find it wrong once they are doing it by themselves. It was really unfortunate how these people become blinded by the word MONEY without knowing how many losses they've got first before making a profit.

I lost $100 for my first try, I really think about quitting and I really did. But I'd realize that quitting could make me not to recover my losses, so I come back. But this time, I'm already backup with knowledge and now fully understand the market.
2573  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will dogecoin drop to $0.2 again? on: July 16, 2021, 09:21:47 PM
Well today DOGE is above 18 cents and it does not look good. Probably it will drop even further because Bitcoin is losing ground. We all know DOGE is actually trading against satoshi and now headed towards 500 satoshi. If it goes below that we may be seeing 100 satoshi doge again before the end of the year.

There's a major dump, if we look at the top 10 worst performers in the last 7 days in CMC, Doge is included with -21%, that's a huge drop and for sure investors will panic, I'm talking about the top 100 coins top 10 worst performers.

Maybe the hype is already over, DOGE is going back to below $0.1 or the price where the hype started.

What would Elon do now that his hype is not effective anymore?
2574  Economy / Speculation / Re: How come BTC is still so cheap? on: July 16, 2021, 08:58:52 PM
Cheap or not the price of bitcoin today depends on how people view market developments by relating most of the positive news about the legality of bitcoin in several countries, while some people overestimate the level of dominance of FUD from China so important, they think bitcoin prices are still expensive.

Supply and demand still influenced the value of Bitcoin, those who understand the system accordingly

will see this as opportunities, while those who are only relying with news and social medias will continue

to doubt this market, still depends or relying with how people appreciate it and how they'll take it as

investment or as  currency to use.

As of now, I don't see the supply and demand principle really works as there's no big demand of bitcoin yet for usage, its demand only grows significantly during the bull run, and with that, it's not due to real usage but due to hype where people buy bitcoin to hold or trade. The real supply and demand would work better if there's a increasing demand of bitcoin for online transaction as that's  really the purpose.
2575  Economy / Speculation / Re: Bitcoin Follows Ethereum? on: July 16, 2021, 12:40:27 PM
I hope this could help OP https://coinmarketcap.com/
All you need to study the market and do some search. Bitcoin remains dominating the market, not ETH. And altcoins remain to follow the movement of Bitcoin, not the one to follow Altcoins.

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?
This will never happen at all we all know that the bitcoin is always the number one coin and it's price is much higher than the ethereum or on any other altcoins. So it will never follow ethereum it is impossible to happen. Bitcoin always dominating the market and all altcoins always follow it.
Don't take that seriously as the OP still confuse about what coin is dominating the market. That is to find ridiculous but we just have to try educating him and help him to get familiar with the market sentiment and ranking.

2576  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still the favorite choice on: July 16, 2021, 12:06:43 PM
That was obvious as we all come in crypto looking for Bitcoin, not altcoins to invest. And despite the number of altcoins are growing and the surge of market competition, Bitcoin still remain on top and continue to dominate the market. This can never be changed and that was clear to see that the altcoins are still dependent on Bitcoin. Of what had Bitcoin does for several years, it gives a reason why the community will choose this coin despite the fluctuating price and sometimes long confirmation of the transaction, and also high fees.
2577  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding 5 years a just a imagination on: July 15, 2021, 09:09:24 PM
5 years is not a short time, so you should really choose the right coin for investment.  Altcoins that are well known to many people, I choose altcoins that move to follow the bitcoin rally movement and don't forget to monitor all the time so as not to miss the opportunity to reap profits

The long term investment is easier than the short term, but you are right, monitoring is very important as altcoins are less stable compared to bitcoin, in altcoins, the CEO could go scam which would not happen to bitcoin since its founder is anonymous and bitcoin is there and cannot be tampered, that's why it's a better long term investment than altcoins.

However, based on price trends, altcoins are more profitable in long term hold, so that's a positive them, but it's riskier so always pay attention t the market condition.
2578  Economy / Gambling discussion / Re: 2021 NBA Season on: July 15, 2021, 08:49:01 PM
The missing key for the Bucks this Finals, Khris Middleton. After a worst performance on Game 1 and 2, he erased the thinking of his doubters.

Playing infront of a thousands Bucks audience fans, that gives him the adrenalin to step up on the game.

Want to see him playing that kind of ballgame as an Away team on Game 5.

He was just too inconsistent, one night he dropped 30 points, the other night he will only make 10 points, that's who he is now, but we hope he will have a big game on the road where it's important for them to win, but anyway, there's always Giannis who will remain consistent in this series, so bucks still have a great chance of winning the series.
2579  Economy / Speculation / Re: Is this a good plan on: July 15, 2021, 12:59:43 PM

But obviously we must understand the risk that is why knowledge is still the best weapon to beat losses.
and finding the lowest value is stupidity because if you are really into holding then you must buy when ypu have funds no matter how much the value is.
If that OP only chooses those reliable coins, he can never lose his money unless if he gets panic and sell them at a cheaper price. But I feel that he is strong to deal with the market drop and I know he was able to wait for the next Bullrun. So therefore to say that OP's strategy will work for him and the others will consider following what he does. 

We certainly understand the risk here but eventually, it can be minimized if we know how to deal with the unpredicted trend and we are able to control our emotions.
2580  Economy / Trading Discussion / Re: Signals in crypto on: July 15, 2021, 12:07:35 PM
...

I understand what you want but it is very difficult as you are looking for some kind of secret information that can easily help you to do this and this does not exist, the only way to recognize if a coin is any good or not it is to know about the technology behind cryptocurrencies in a profound way, if you do not know this then you are just gambling with your money if you invest in those altcoins, so unfortunately I do not think you have what is necessary to achieve the results that you want to get.
Indeed, some people just joined the signal groups because they think that this is the answer to their call to make rich. But unfortunately, they don't notice that these people are milking them from their hard work money. Because the reality is that these signal groups have to do nothing with us, they make their own analysis which we can make it as well.
But I could say that trading is like gambling and the result it is either we gain profit or just lose.
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