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2601  Economy / Gambling discussion / Re: Online gambling risks during coronavirus pandemic on: May 11, 2021, 03:56:26 PM
Many young people spend their free time playing online games, but when they grow up they realise that they have wasted it. I would advise you to devote part of your free time to self-education, which would further help to stand more firmly on his feet and get a high-paying job that you like. In today's world, you can work online as much as you like.
Gambling is kind of mind controlling act which will never get you to think about getting out of it for any other activities which including self education or anything. So, once you get into gambling you will never think about improving your self in terms of knowledge or physically or anything. So, preventing gambling before getting into would be the only solution it seems it is available for all of us.

I agree most people after growing up, realizing that they have wasted time with gambling but when they are young, even some people are guiding, they are not ready to listen which is the reason for the later-on regrets.
2602  Economy / Economics / Re: bitcoin for everyone on: May 11, 2021, 12:37:12 PM
will reversible transactions complicate the system, make it less secure and stable?
Reversible transactions cannot be possible in a decentralized system.

Who will take care of disputes and be in charge of reversing transaction? In P2P environment, transacting in low volume and then transacting through escrow are the solutions which eliminate the need of reversible transaction.

Do we have reversible with fiats?
Yeah, having but possible only through lawsuit. Same applies here on bitcoin transactions as well.
2603  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: May 11, 2021, 11:15:48 AM
Crypto is very volatile so there are still some people that prefer buying stocks. We experienced an 80% correction way back in 2018 and we just recovered last year. And I'm sure we are speculating if that would happen again.
I agree people who hate volatility as a big problem will go for investing with stocks even they are already aware of cryptocurrencies and its high profitability. In my opinion at the same time, those people are missing out life changing opportunity of what cryptocurrencies are providing through high volatility.

If I have plenty of money I would not just put it on crypto. Stocks have less gain but it won't matter if you have huge capital in them plus they are backed up by big companies.
But I will not. Stocks are known for slow progress with less volatility. I prefer good returns even with high volatility. ROI of bitcoin is still unbeatable by any of stocks world wide.
2604  Economy / Economics / Re: Will China take over the world with the Digital Yuan? on: May 10, 2021, 09:16:36 PM
I do think that Chinese people will start using crypto a lot more thanks to this. How do I imagine that happening? Well simply China will have something that they can use to show people how it could work, and they will allow a gateway between crypto and regular life, so you can have bitcoin, then turn it into digital yuan, then use that digital yuan in a store to buy a milk, that's it, one step directly to regular world all backed by government as well.
Yeah, we do have some bank cards if I am not wrong, binance provides one and there are some other companies etc etc, however reality is that we are not living in a world where we can just do whatever we want with fiat and using those cards and not expect anything bad from government, we need to be careful.

This is why a digital currency would help them. Would that help them take over the world? Maybe, they are already growing scarily strong anyway.
2605  Economy / Economics / Re: Will China take over the world with the Digital Yuan? on: May 09, 2021, 09:11:13 PM
Will China take over the world with the Digital Yuan? Or will everything else remain the same? Do you think China's Digital Currency will force other countries to launch digital currencies of their own? How long do you think the transition will happen from paper money to digital Fiat?
How exactly? Will the digital Yuan be an open currency for people around the world? From what I have heard it is only going to be used in China by their citizens, unless they will have plans to make it an open currency that people in other countries can access, but I can’t really imagine that happening.

Having a digital currency doesn’t automatically make a countries economy to become the biggest economy in the world. China is not the first that has attempted to create a cryptocurrency, there are other countries with failed attempts, china is the one that seems to be successful to me (though I can’t tell you that I am 100% sure).
2606  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: May 09, 2021, 08:46:50 PM
Maybe it is not his style due to he believe in the coin he is holding. I also have a friend. He bought Doge at its ATH on third week on April. After ATH, dogecoin price falls and it becomes rank 8. My friend who is scalper hold his doge a little longer than the usual days he's holding a coin. Until this month of May comes plus before the Saturday night live it price continue to rise as well as from rank 8 to rank 4 (referring on coinmarketcap). If he used stop loss when it Doge fall after he bought, he may never gain the same benefit he had.
Well I understand that it works for doge in that situation, but if you believe in a coin you could still use stop loss and also go back in. So let's assume we are talking about dogecoin as well, the all time high is about 73 cents right?

Well, let's say you buy at 55 cents or so, put a stop loss at 50 cents, and when it reaches there, if you could go back in at 40-45 cents levels, just have a trail buy where you start buying more and more the higher it goes and end up buying it all back before it reaches 48 cents levels, you are still involved and profited from it as well, if it doesn't go up you are not bothered, so at that point you would be able to have an average purchasing at around 45-46 cents and sell at 73 cents instead. This is a valid strategy that you can use even if you believe in the coin going up you can use this one if you want stop loss.
2607  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: May 08, 2021, 09:32:12 PM
I believe with holding only and never take moment for stop loss because is not good how to manage loss in trading, keep hold and waiting when price really wake up than have to stop loss.
Yes, holding does not require stoploss at the same time if you are going for short-term trading then it is highly recommended to go for stoploss so that you will never need to wait for market to turn back; you may just make another trade to recover your losses.

Moreover stoploss should be obtained from technical analysis rather than placing it at our own preferred levels. Because, if you're going in random then definitely you will miss market turning levels.
2608  Economy / Trading Discussion / Re: holding is not an easy thing on: May 06, 2021, 08:01:04 PM
Maybe this could be a strategy or we might be use another strategy like we can invest our 50-70% for holding 30% for our family needs. This might be little tough but we can check this. And in such case if we badly need money then we can sell some from our investment. I got this idea if others shares his opinion who says that might be interesting. Thank you.
When you do not have any other income stream to cope up your monthly expenses then it would be better going for only up to 70% in long term holding. Still, there cannot be any restrictions you can cut your part of holding to realize into profits unlike how traditional banks are restricting, still leaving off with long term will definitely get you big returns when you are doing with bitcoin kind of reputed assets.

Long term holding is also a trading strategy but we do not consider it so. We need to make our other things in a way which will not disturb our holding strategy. Otherwise, long term holding will convert itself like short term trading.
2609  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Elon Musk's goal with Dogecoin? on: May 06, 2021, 07:22:12 PM
I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto  , of course under the influence of Elon Musk,
You mean Elon Musk will take dogecoins into any other new platform from crytpocurrencies? I do not see any chances for that to happen. Dogecoin will stay with us forever and it will be enjoying higher rank into coinmarketcap, thanks to Elon Musk, and nothing else in my opinion. At the same time, I cannot agree that Elon Musk is not looking for profits from Dogecoin pumping; even he is a richest person, I doubt that he will not prefer profits from dogecoin pumping.

They are wildly pumping dogecoin only because it is highly profitable for them. If you notice, dogecoin is taking break in pumping time to time which might be the profit booking phase of Elon Musk.
2610  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your take on Binance coin (BNB). on: May 06, 2021, 06:50:10 PM
(c) Will you trade all your Ethereum for BNB?
Honestly I am already in plan to sell all my ethereum holding to convert them into BNB, because I am believing into BNB toover take ethereum incoming months hence I feel it would be wise decision to go for buying BNB when it is available for cheaper prices.

(d) Is there a possibility that BNB will topple ETH soon as the second most valuable coin?
I guess here the point is not being most valuable coin but how much we are going to make profits. So, regardless of BNB will be topping ethereum, I guess investing into something which will get me more ROI will be  a good idea rather than what kind of market situation will turn later on.
2611  Bitcoin / Bitcoin Discussion / Re: Saving asset in bitcoin is much more better than saving in banks on: May 06, 2021, 06:03:10 PM
I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin
Luckily you planned up last October because if you have bought bitcoins by the times of January 2018 or December 2017 then you might have faced losses for some years but now the prices are higher than January 2018 or December 2017 still you made bitcoin investments at just perfect time. I like to suggest you to keep holding for at least next 5 years so that you may definitely enjoy 10x to 25x profits for your investments.

Even investing all money into only one asset is not recommended, with bitcoin investments we can do that as it is having definite future hence we may risk with all our savings.
2612  Bitcoin / Bitcoin Discussion / Re: Would having a Debate like: Bitcoin vs Gold win more crypto investors on: May 06, 2021, 05:32:20 PM
Do you think such a debate would bring more investors into the crypto world?
Definitely. I have no doubts at all. Such interview/debates are always helping bitcoin world to be growing into new levels as such debates are bringing new investors on board. Promotions are always good for making more people to adopt and I am seeing these debates are kind of promotions for bitcoins.

Even some people do not get convinced on hearing about bitcoin for the first time, they will get back to know more about bitcoins if they come across if bitcoin gets into higher prices like $100k or anything similar. So, having this kind of debate is very important.
2613  Bitcoin / Bitcoin Discussion / Re: It's nice to be back again on Bitcoin @50,000$ on: May 06, 2021, 04:59:18 PM
Really happy to choose holding rather than convert it fiat by the time I decided to leave crypto.
Indeed you took a perfect decision but if I were you then I never opt to leave off this forum nor crypto space for any reasons. Because, when we are getting life changing opportunities from this crypto space, definitely I will not prioritize anything else over cryptos. Past is past just hereafter plan up anything to be sticking with crypto world so that you could find more similar opportunity which will be definitely ending up changing your life into better one.

I am also planning to save all my signature campaign earnings but I'm not able to save all of them still I am trying my level best to benefit like you.
2614  Bitcoin / Bitcoin Discussion / Re: how many more years our bitcoins will be save from quantum supercomputer on: May 06, 2021, 09:44:18 AM
Hello. Quantum supercomputers and other serious threats to bitcoin have been widely talked about lately. from what I read on the net it is clear that so far there is no problem, but .... my short question is how long we will be calm that one day we will not wake up without anything? 3-4-5 or how many more years? I will be glad to hear your opinions.
That’s not a thing to be worried about for now, because Quantum computers are not yet out and widely being used, for now. And when it comes out, it’s going to take a lot of years before you will start seeing them as you would a regular computer. And moreover, I have this feeling that by the time Quantum computers comes out there will be people who will still figure out a way to get pass all the problems that it brings with it.

And next, I don’t think there is going to be any problem except if it’s illegal in your country for anyone to be making use of cryptocurrency, that’s when you might be having such issues. And then from what I have understood, for anyone to do something to your coins with such a computer, they will need to have your address, that’s why it’s good to secure every bit of your information.
2615  Alternate cryptocurrencies / Altcoin Discussion / Re: What really makes a cryptocurrency successful on: May 06, 2021, 09:34:51 AM
the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community
Promotions.

You may not agree with me. But the bitter truth is how intensively you are ready to promote your project , it will get up to that level of success by having more investor and holders on board. It means you must need people to be aware of your project and then it may become successful if there are some solution is being provided by your project.

After promotion, I guess the solution what we are addressing for what problem is playing vital role on making a cryptocurrency successful. Please note that not all good projects are getting success but only through heavy promotions, good projects find success.
2616  Alternate cryptocurrencies / Altcoin Discussion / Re: Previous Projects in 2018 again Pumping to All time high on: May 06, 2021, 06:55:12 AM
There are a lot of changes during this Bullrun. Old shitty coins/projects had also pumping this time. This is not really surprising since this is also happening in the previous Bullrun. But the question is who did this pump knowing that the developers are already abandoning the project for many years? I just simply think there is a so-called market manipulation happen to them. That is somebody we don't know or the developers just tried to save their money by playing some game along with the bullish season.
I'm sure abandoned projects definitely will not get bumped so if you are seeing any old project is pumping right now then there could be the only possibility its devs are taking care of its progress; there could be any exception like even in investors also pumping but there are very little chances for that. If investors are pumping then they might have acquired vast amount of that coin/token to literally own that project like how Elon Musk is doing after announcing himself as dogefather Grin.

Moreover I am not ready to believe into a project which was sleeping for years and then suddenly getting pumped. Because, at any time it may go sleeping again which will make my investment to be locked for another 3 to 5 years.
2617  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 90% chances if a coin is listed in Binance it has a good potential on: May 05, 2021, 08:45:53 PM
That's right, to a certain extent. There is always a hype when such big exchanges listing a new coin, but it usually doesn't last too long, short-swing trading is a good strategy to get the profit.
On the other hand, we must clearly  recognize information asymmetry, when we know a coin will be listed in Binance usually it has gone up quite a bit.
This is correct but most of the time this benefits those that were able to invest in the coin early before the coin was traded publicly and you are falling right into their hands by taking this risk, it is better to never try to trade markets that are too young, many books about trading will include that advice as one of the first they give and this is because it is simply impossible to predict what the coin will do from that point on and that is way closer to gambling than it is to trading.
But I do believe this has nothing to do with anything binance. I mean they are simply listing new coins and old coins how most other exchanges are doing and nothing special they are taking care as per my opinion. But, if OP is referring the coins and tokens which were launched through binance's launchpad program then we need to agree that binance really cares about listing new coins and tokens and its real potential.

I have not heard that binance is following the similar delisting policies or not. If all the coins are doing good with decent volume, then I guess there will be no need of any delisting policies.
2618  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: May 05, 2021, 08:25:59 PM
Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.

Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
Lol I won’t blame your friend and others that are doing the same thing as he does. He’s not the only one, I know a lot of people that don’t like making use of stop loss and their excuse is usually that it can trigger an unnecessary sell, and that can lead you to missing a huge opportunity when there is just a short term fluctuation in price; in a situation like this your stop loss order is going to be activated and then the market will start moving up and you will miss the chance of making profit. I have seen someone complain about something like this on this forum.

So, everyone knows what works best for them, if what people are doing is not working for you, it’s best to do your own.
2619  Economy / Economics / Re: “You don’t spend money now, you can’t spend after you died” on: May 05, 2021, 08:01:56 PM
In somehow it's nature to human to save and dream of a better life for their love ones, a good example of this is a good head of the family, he'll do he's best to save even he's supporting all the needs of his love ones.

Trying to give a better life for his kids and let them enjoy their lives once he's old or once he already died, there are times that you also wanted to enjoy those money that earned but to weigh it in, it's still lots of people who will try to keep some assets and not to waste everything.
I personally try to balance it, not because I want to just think about myself (which I should be able to) but not to have a mental breakdown as well. You think people who are super wealthy never really had fun at all? Never spent money that they otherwise shouldn't because its a lot of money and they should have kept it for the next generations? They totally did, they spent money on things that they shouldn't a lot of times.

However my idea is that, save as much as you can, get rich as much as you can, and provide your kids a life where money doesn't mean everything, to me money is so important that if I do not have income from now on, I can barely handle it for 3-4 months, after that it would be poverty and nothing to eat for me, and that is why there is no chance for me to ever stop working, I do not want that for my kids. However I also do not want them to have a father that never smiles, never happy, never enjoys life neither, that would be bad, I would breakdown after a while, so I have to have some fun time to time.
2620  Economy / Trading Discussion / Re: OH YEAH FRUSTATED TRADERS. on: May 05, 2021, 07:10:11 PM
FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing.
FOMO can be really bad and a lot of people don’t realize that, they just bump in and start buying because there is a bull run. Most of them have heard about Bitcoin since before the bull run, but they didn’t want to invest because they thought it’s not going to grow again, now that they are seeing the growth they all wants to rush in. I have had people ask me whether they should invest at this time of bull run, I never give them any answer, they just looking for who to blame and point fingers at in case it doesn’t work out for them.

Like the you said, anyone that wants to be successful needs to learn to invest their money at the right time.
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