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2681  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Prediction on: January 29, 2022, 06:16:21 AM
10years from now is a long time.

We cant even make predictions at this point about what price bitcoin will be in the next 10mins and you are asking for 10years?

But for a general idea, check what bitcoin has been in the last 10years, in a long term sequence, you will be able to extrapolate a similar change in price in the next 10years. In other words, bitcoin will be huge in price. Cant say the same for altcoins though, blame it on the lack of charts for such number of years. Grin

What exactly is your reason for such a search? maybe one can give a better answer if this was known.
2682  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When bear market? on: January 28, 2022, 11:34:17 AM
Now the main questions are whether the cryptocurrency has reached the price bottom and how long this bearish period will last. Previously, a minimum drop in Bitcoin of $33,000 was predicted. We are already close to this level. As for the timing, let's hope that this year our coins and tokens will recover in price and continue to grow.
The 35k USD level is already holding for bitcoin. This is a support level that has built during the bear phase and this will possibly the position from where the market price of BTC can reach back to 40k USD levels. Downtrend is possible, no doubt but to break this barrier it will need a much bigger sell off and ongoing panic which has reduced now.

Bear and bull are conditions of the cycle and no state will be absolute here. So this thread loses and gains importance every other week because bitcoin has been showing a lot of ups and downs this year's first month. I am optimistic for a rise in price to 60k USD again but I keep fiat ready to buy back at 30k, a discounted price that is worth grabbing.
2683  Alternate cryptocurrencies / Altcoin Discussion / Re: Just saying on: January 28, 2022, 11:28:22 AM
I don't know, no one knows about the future. metaverse, NFT, DeFi or web3.0 which will be popular in the future. too much speculation about what will happen next. One thing I believe in is to buy whatever I think is good and is currently falling. and wait until the next bull, so no matter what's going to be popular, I'll just fill my bag full of coins that I think are good.
Filling your bags with shitcoin will make it smell of shit only not gold. Dont get into the hype that others get into. If you got in early, get out early too, no point in holding such assets for a long time. It will take just a few regulatory steps to crack down each of these projects into zero value tokens but not bitcoin, so buy bitcoin.

Speculation in assets that are unregulated will gradually draw law enforcement attention. Same happened with ICOs in the last and led to the downfall of each and every rugpull token that was created at that time.

Instead, invest in what has been time-tested and stress-tested: The one and only bitcoin.
2684  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: we can still rely on the bounty.. on: January 28, 2022, 11:24:57 AM
more confident with tokens generated from bounty than airdrop that are currently widely available on social media..!!
Whats the difference? That airdrops are given for doing nothing while bounty tokens are given after spamming social media with retweets? Sounds the same to me.
 
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what do you think about the current airdrop?
If someone was airdropping BTC, then I would defenitely grab that. But that will not happen at all and any shitcoin being promoted by airdrops, ends up in the same gutter that every other shitcoin has gone into.

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is there any hope for the future?
You started this thread on an optimistic note and now you are asking this question. You really need to think twice before getting involved into any project.
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and is anyone still looking for luck by joining the airdrop?
What potential airdrop tokens did you get?
Although I have not for the last three years, I can give a general idea. You cannot hope to be airdropped with golden eggs. You will only receive shitdrops worth nothing. If you want to get something worthwhile, improve your rank and join signature campaigns.
2685  Bitcoin / Bitcoin Discussion / Re: My take on the market on: January 27, 2022, 06:43:50 AM
I'm pretty sure we need more time to break 40k, but with Bitcoin anything is possible. S&P 500 got a little bounce yesterday but is still much lower than it was 5 days ago. Nasdaq again lower today than it was on the 20th... This Bitcoin move is fueled purely by Bitcoin itself. It can be amplified or quashed by the stocks in the coming weeks.  
Dont think the stock market is making the effect on bitcoin in this case, we have the habit of correlating things too much, I think they are both moving on their own accord. The fiat market in my country is dropping and bitcoin also started like that but bitcoin is now recovering while the fiat market here is still dropping.

Therefore I am putting money into stocks I wished to buy at low and also placed buy orders on bitcoin at 30k.

Will there ever be a time when people will set aside their emotions and stick to reason in their investments?
No, because they are all humans and trading is not for them, but they will not realize that and continue to lose money and blame bitcoin for their losses.

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Or perhaps, to those who are selling during the dip or are selling out of fear and panic, are you overinvested?
Possible, they bought at highs, a common mistake in any speculative market.

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Or perhaps you simply don't belong to the Bitcoin market.
This line is true for many users.  Undecided
2686  Economy / Economics / Re: Are Institutional investors changing the Bitcoin price behaviour? on: January 27, 2022, 06:37:54 AM
We also now know that these large investors are also dipping their toes in Crypto currencies (Bitcoin) and their trigger happy behavior are also coming with them.
We cannot say with certainty due to lack of proof, that the dump or trigger happy selling is due to them. The price did stabilize after touching this week's low.

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Do you think as the injection of institutional money increase, that we will see more irrational price movement that are synchronized with global market movements?
Irrational price movements have been there since the market started trading. We attempt to pin down a specific movement or trend towards a specific reason but we always lack proof here, because it gives the trader a sense of being in control. In reality we are not the ones in control of the market but only in control of our own money and how we invest it.

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Will Bitcoin still be a Safe haven when institutional money takes over the majority of the ownership of bitcoins and these people start to manipulate it in the same way that they are manipulating other markets?
The safety that bitcoin gives over fiat market remains unchanged, even if institutional investors flock in. The decentralization of money remains same and the only thing that can change is the possibility of sudden movements after a long period of stagnation. But all this is about the speculation of price.

Being a safe haven or not, I never considered any investment to be a safe haven. They all have their own risks. As long as I am in profit, I am happy.
2687  Alternate cryptocurrencies / Altcoin Discussion / Re: An advanced technology could kill crypto? on: January 27, 2022, 06:31:45 AM
The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?
There will always be innovation in new technology and when that happens we might see better methods than cryptocurrencies in covering the topic of decentralized financing. However that cannot stop another system from being used. Essentially a system does not die out unless the people using it stop doing so. I dont think bitcoin will end up in a reason to be stopped so it is a safer bet. But altcoins do die out when their use stops and because majority of altcoins have no use case, the end result becomes similar.

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Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
The quantum computing argument has been debated and the essential gist of this is that it will take a long time to actually develop and if it does, why would the creators attempt to use it for a malevolent purpose of stealing someone else's money? But the real thing is that it is a long way in future and by that time bitcoin will have already reached a much more important status.
2688  Alternate cryptocurrencies / Altcoin Discussion / Re: SHOULDN'T THE DEVELOPMENT OF TOKENS BE MORE SUPERVISED ? on: January 26, 2022, 07:13:34 AM
It is true that it is so easy for fraudsters to enter this is something that is worrying.
It should not be a worry if you are not making the mistake of jumping into every bandwagon without doing your own research. Most mistake occur due to this and also due to a lack in financial mindset maturity, meaning that knowing whether a project's idea is really feasible in the real world or just in fantasies.

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This is a real terror in the cryptocurrency world.
The real terror is keeping your own coins secure. Most people lost money due to lack of securing their wallets and posting their private keys on places that they should not.

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There must be new innovations to at least reduce their discretion.
This is a wrong statement. A crypto project is not a magic bullet to every problem in the society. Those problems will remain and they will be corrected only when governments work together to modify the system. However there will be innovations and not all of them will work. But roping in investors to fund your failed tech is something that investors should be careful of.

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Maybe those who have been here for a long time will be able to sort out which ones are frauds which are not? But what about the new ones? This in my opinion is what makes the good image of crypto tarnished.
Research and experience can help. The "Scam accusations" section is very active in reporting possible scams. But it is community driven. To be safe, the only coin one should buy is bitcoin. As soon as you open yourself to altcoins, you keep increasing your risk.
2689  Economy / Service Discussion / Re: Why don't popular micro/freelancers sites adopt bitcoin? on: January 26, 2022, 07:05:31 AM
In your opinion, why do these popular platforms act like this and completely ignore bitcoin?
The number of people who are willing to accept bitcoin as payment is smaller than the number of people willing to accept fiat payments.

Truth is that in majority of countries from where freelancers comes from, bitcoin is still in its baby steps, with some countries proposing an upcoming ban while some talking about regulations today and pulling out tomorrow. In such "unstable" situations, those who depend on freelance work for daily bread would rather go with the safer option, which is always fiat.

For them thinking about inflation and decentralization is more of a luxury than an necessity. Hence the lack in voice from their side as well.

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And why doesn't a platform of the same kind, but using bitcoin, is able to develop itself to compete against the big ones?
There are such platforms, but they are much less popular. In fact whichever crypto-based project you try to develop when competing against a mainstream project, the former always ends up being a smaller one. Hard truth, it will like that for sometime.
2690  Alternate cryptocurrencies / Altcoin Discussion / Re: Just saying on: January 26, 2022, 06:57:19 AM
you mean other trend and hype in the coming year will be different ,I honestly agree with that but it doesn't hurt for those who want to buy anything because it's not my money  Grin ! their beliefs may also be different I don't need to worry about that because everyone's luck is not the same too
It becomes a question of when you are going to exit. These hype trends feed on people's attention.

Once the attention starts to fade out the project crumbles back to the failure it was. The ones who identify this change and quickly sell off their holding becomes the profit maker.

This ends up being a rat-race and I am personally not a fan of this, because of the fact that such projects have no long term value and also how they use people's belief and faith to sell their own coins and profit from it. Dont forget that the biggest winner here is always the team owning the project, they become the first few to bail.
2691  Economy / Trading Discussion / Re: Trade-in between the lines on: January 25, 2022, 12:06:16 PM
Here and there begin unloading after right-purchased the coin. More often than not it has been going on with me.
There can be a specific holding pattern for each coin. It does not always need to be a quick flip to get the profit and exit. However for altcoins, your method might work better. But dont apply that to bitcoin, for that you need to do a long term hold.

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I like mid-term exchanging of late, simply attempt to purchase in plunge and hold for a knock.
Surely that is a good method. If you buy at a good low price, then you will profit as long as you can hold and sell at a high price and dont end up holding it for too long while the market cycle ends.

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There are other altcoins that are great to hold too yet it's demonstrated that assuming you're simply going to hold, pick the best.
Picking the best would mean bitcoin. Now bitcoin is for the long term so I would not apply the above method to bitcoin. In fact you should divide your owned bitcoins in one part being kept for long term holding while another part to trade with regularly.
2692  Bitcoin / Bitcoin Discussion / Re: My take on the market on: January 25, 2022, 12:01:11 PM
During the rise from 30k to all time high, I did assume the market to to drop back to 34k and test the support levels because it was crossed in a short period of time and I was in the belief that the support level had not developed much there. However a few months and the price continued above 50k and I assumed that I might have been wrong and support levels did become strong there.

I was eventually shown that my first assumption was correct, just that it was never tested till this month when prices dropped and the 35k support level was tested. I still consider the 30k mark to be the safer buying option or even lower if we see that. This is not the time to sell, do that again when bitcoin crosses beyond 50k.

Right now, just wait for lower prices to buy in.
2693  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BMs, does bounties help the project? on: January 25, 2022, 11:52:04 AM
Ask the projects teams they will give the best answer, bounty hunters are promoting projects to get money out if them but as for exposure it thus works many projects ended up on binance exchange and they introduced bounty campaign months back, sometimes the project team also get greedy too
The teams will give a divided answer, while some teams tend to give bounty participants a credit to the marketing of the project others will disagree. Again the fact that the former group may have been more successful to deliver the project is also worth nothing while the later may have just been a failure from the start. Hence it is difficult to judge how much impact a bounty project might have on the investors but the bounty hunters are defenitely a soft target for the blame game.

Exchange listing is never a factor of determining the success of a project. It may just get delisted in a year - but nobody would care for it then. The important part is whether the MVP is being developed and at least a version of the prototype should be working.
2694  Economy / Trading Discussion / Re: Comparison of Bitcoin price fluctuations with other coins. on: January 24, 2022, 05:30:54 AM
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Consider the altcoins, they dont have any literal use case of their own in most cases and they all have been funded by bitcoin or ethereum maximally. They dont solve any problem that bitcoin does and neither have they got any sort of mainstream attention by doing something new that bitcoin has not done. There is a lot of market sentiment associated with this.

Hence it becomes obvious that whenever bitcoin starts a movements, the altcoins will follow it. Opposite is not true, unless it is an altcoin that is well known, like litecoin.

When trading place your buy orders on an altcoin that you might want to buy when bitcoin is dropping, because the altcoin will follow similar trends.
2695  Economy / Trading Discussion / Re: Buy low, Sell high? on: January 24, 2022, 05:24:56 AM
That's why many people suffer big losses because they panic too much about this downturn in the crypto market. The panic that occurs will not change the market situation but will instead make the market more chaotic if many do panic sell.
Without panic sellers, the cunning ones will not get the discounted prices to buy bitcoin. Grin

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So stop harming yourself and stay patient waiting for the crypto market to recover.
This is not a bad option either. Not everyone has money at hand to buy coins at this time. For them patience remains the key.

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This is a moment that we can use to buy coins at low prices, this is not bullshit but it's a fact that buying low prices and hold on to the price until the price rises again. so from now on don't be easily influenced by the ups and downs of the crypto market because it will make us panic.
During such times if you visit the casino trollboxes, you will see people complain that bitcoin is dead like as if a doomsday is happening. Thing is that it is human nature to panic like that. But we need to take advantage of the panic to buy at possible prices that we could not in a bull market. I would be very happy if price drops below 30k, because then I could buy at low. But I am sure someone reading this might feel bad about my opinion.
2696  Bitcoin / Bitcoin Discussion / Re: Retail users out? on: January 24, 2022, 05:17:40 AM
After tested to max. pain limit during last 3 months and continuously suffering financially and mentally, I think the retail users have given up. If so, this is not good scenario. If soon there are no new & much positive vibes in the market, the things can go lower. Is not??
Who has left and who has joined is not the thing to think about. They can be retail investors but they can also be financial institutions. Consider the fact that the dump made the price drop from 40k to 35k - that volume is not possible to for a retail investor to posses.

There was a lot of inorganic growth in the last few months with certain tech companies putting in their money. Why not consider that they are reason for the bailout? Even then the answer does not solve the problem of low price.

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But my point of view is that in the highly sophisticated and versatile market there is a clause who stand till end will grow with market growth.
Up and down are the only ways the market can move in order to give profit to those who are betting on it. Without movement people start questioning bitcoin and its use which is absurd, because bitcoin was meant for a purpose that has become secondary. Even then, the drop in price is an opportunity for buying and that is what traders should plan for.
2697  Alternate cryptocurrencies / Altcoin Discussion / Re: The altcoin market has become scammer's playground on: January 24, 2022, 05:12:39 AM
It is what it is and will always happen like this because we the investors are the ones fuelling it all in the name of trying to make quick money, now most people coming into the cryptocurrency space are looking to invest in meme coins, and some new projects that they believe will jump a 1000+% in a couple of days and we have seen this too so, creators will continue to do it and rip off the desperate investors, the project dies once the take-off with your investment and the circle continues.
It is a type of survival for the fittest. Only those who understand this market and have been investing in those coins that have been worthy of putting money in for long term will survive. Same thing is seen in fiat markets too where penny stocks end up drawing newbie blood at high prices only to come down again. Those who go in for easy money only get ripped off their money.

The investors who go it when ICO market was booming have long left too. They were mostly putting in average of 100$ per project hoping it to become 10x and cover the losses from another - a type of a gamble. But it turned out that they all failed and now the investors cant even approach them legally.

I think about this situation is that anyone said that the all altcoins market are scammer its absolutely rong and i accepted that point an that time many projects come to market and they are scam for people so i extremely said the project come and going to the scam so they are clearly market is people say bad.
The only one who is bad is the person making the decision to buy a shitcoin or be part of a shitcoin bounty. Nobody forced to join that but they did be it for the temptation of easy money or anything else.

You have to appreciate the scammers who fooled so many investors but got away without getting caught. It should be a lesson for everyone.
2698  Alternate cryptocurrencies / Altcoin Discussion / Re: Just saying on: January 23, 2022, 07:29:32 AM
In the future maybe 2025 the next big thing in crypto won't be what we've make lots of money from like the metaverse, Play2earn NFTS, they will be around but won't be the main focus, it might be web3.0 and other that's not even been acknowledged yet, just saying this because some people are already planning to pack many meme coins and other for the future your expectations might not come true
Back in 2015 people were saying that ICOs were the future and bitcoin was going to be dead in the next 10years. Now in 2022, we are assured that the opposite became true.

Similarly DeFi, NFT are going to face a similar crunch unless they make themselves relevant to the economy. P2E is a guise of what Faucets and PTC sites were back in 2010-15 before bitcoin price in fiat boomed beyond 10k USD. They might seem flashy today but they will also die out a slow death, the real winner will be the one who created them by collecting the data of the users and selling that to bigger companies.

Similarly memeshitcoins are a short term deal. Get a profit and exit them. Dont hope for a long term development to occur in such projects but move to bitcoin when you get cash at hand. If these projects cannot develop any market making capability in order to raise the demand they will follow the same fate.
2699  Economy / Scam Accusations / Re: [SCAM ALERT] Fake Walmart metaverse ICO website... on: January 23, 2022, 07:19:31 AM
They use this address
Code:
645 Fifth Avenue New York, NY 10022
Which I doubt is the real place where they are located. Local residents might have a better idea, but from what I could gather, Olympic Tower in New York is a building where many offices are located and this is a common tactic used by scammers so that people dont get any suspicions.

Although we really dont need people to go and check that, we can be assured that the project is a scam from the number of buzzwords they are using.
AR, VR - check
DeFi, NFT, Web3.0 - check
"Prime" paid OTT service (LOL) - check
ICO - check

They seem to be selling al sorts of tech. These guys should get the "maximum new tech in a single project" award for this year. Grin
2700  Economy / Trading Discussion / Re: Buy low, Sell high? on: January 22, 2022, 06:01:12 AM
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
I will just intervene to ask you, do you have the proof that those people actually got out? Dont forget that many people will attempt to reduce the price even more by just saying this so that weak hands sell their coins and they can buy at even lower price. This is how the dip propagates.

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Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
Every day there are new entrants in the market, who have low exposure to speculative markets like stocks or commodities. Crypto should only be taken by those who are vets in such topics, but this is not the case in reality. Such people see a big market crash and the "final doomsday" and they forget to see the previous crash and rise of bitcoin.

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I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
I already have buy orders placed on one side and sell orders at much higher prices. I dont care if the price goes to 1$, I will buy and I will sell at a profit. But this mentality comes after some years of mainstream trading before adding to crypto trading.
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