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2721  Bitcoin / Bitcoin Discussion / Re: Which option will better to take? on: August 25, 2022, 11:41:42 AM
Recently it has been seen that some countries have accepted Bitcoin as legal tender. But my question is more adoption of btc and taking it as legal tender aren't going to harmful for the economy of a country, specially when btc is in bearish ?

Or is it better to use it through control to avoid illegal or the bad side effect on economy?
Many countries have still outlawed it for not being able to control it.
Doesn't matter if it is bearish or bullish. It is about the fact that we are in a world where things are just getting to a point where payment with fiat is not the point, holding it is the point. So long story short, if you are holding fiat then you are always keeping something that loses value, whereas if you are keeping bitcoin then you are holding something that only sometimes goes down.

On top of that, moving busd into btc is easier than moving usd to btc, some people may think it is not like that but there is a big difference. So at the end of the day, there is a good case to be made about the fact that bitcoin legal tender is better at all times, in any case.
2722  Economy / Trading Discussion / Re: Mastering the market movement is what aid profits and not the price. on: August 25, 2022, 10:08:55 AM
As a day trader or a passive trader, most are confused about how to make the best out of the market, and many will always complain of losses during a bear market, meanwhile with the right mastery one can make massive profits in the bear market and this goes further to clarify the fact that market conditions do not have much to.do with your profit maximizing but proper market mastering is what gives profits in whatever market.
This is such a great way to explain what traders do. I mean many people think that price matters and when it goes up its profits and when it goes up just waits etc etc. If you know what you are doing, then you understand which direction bitcoin will go and you can make a profit in whatever direction it goes. It is not an easy thing but it is not an impossible thing neither.

You just have to realize that it is going to be a bit of a tough thing to handle. I personally believe that we shouldn't really be focusing that much on anything like that, it is an easy thing to lose yourself in prices and profits and what not, just buy bitcoin and hold it for a long time and you are fine.
2723  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Solana be the next Ethereum??? on: August 24, 2022, 09:43:44 PM
Solana quickly became a favorite among many investors, Does it became the next Ethereum Huh Huh Huh
In terms of developed blockchain systems or smart contract systems, it is possible that Solana is the next Ethereum. But not to compete with Ethereum, because the king of smart contracts is currently Ethereum number one. Let alone competing with Ethereum, competing with BSC is still questionable.
Sometimes we see things when they are trending, thus creating a hassle for ourselves in terms of investment. If speaking for future potential, I agree with what you say.
I mean basically what we can see it as what ethereum "was". If we are talking about what ethereum is or what it will be, SOL will never catch up or pass ethereum in any way. But if we are talking about the road?

Well, SOL is passing the same road that ETH did back in the day. What we have right now is about 2016 or so ETH that is live with 2022 SOL if you ask me. That means, in 6 years, ETH will be in MUCH better place, and SOL will be where ETH is today. This could be different timing of course, but basically that's what the situation is like, the same road, but one is much further ahead while the other one is following the same footsteps that the first one took.
2724  Economy / Speculation / Re: Bitcoin is about to have its biggest monthly gain since October 2021. on: August 24, 2022, 08:48:42 PM
For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.
We never really know what the future will be like, but we know that it is not going to be bad at all, and that is why it is such an important part of the crypto speculation deal. I mean we can talk about what it will be and what it won't be and I can say 50k you can say 5k and we can discuss forever but at the end of the day we will learn the result together and only one person will be right about up and down. Doesn't mean that this person will be right all the time neither, could be right now, could be wrong later on.

This is why it is better to just focus on what you can believe in, and making money that way instead of keep working towards something else.
2725  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: August 24, 2022, 07:01:04 PM
The new money clan of the English premier league aren't playing around, they're already playing some great football but these additional signings will make them even stronger. Isak is a fantastic young player, he's been very important for Real Sociedad in the last few years and could become vital part of Newcastle project too, pairing him upfront highly in form Allan Saint-Maximin would be scary for any defense line tbh.
No wonder a club like Newcastle is targeting this one player. They will obviously quickly pick up a contract signing. In fact, Newcastle have shown significant improvements to the giant clubs so they don't take them for granted. Alexander Isak, who has an attacking character, is clearly quite matched with what Newcastle needs to break into the Premier League more aggressively.
There were good chances in this season Newcastle United management will bring some good players in their squad, so they are working on this with their own strategy in last season they have done good job and stay into Premier League which was first good result for them and now in this season after three matches they are still unbeaten specially after playing against team like Manchester City is amazing result from them so with this all now we can expect some goods signings from them for this season as now they are targeting to stay into top ten which is possible if they have few quality players and good backup which will help them in any problems, and they will not suffer badly which can bring them down.

With one of the richest person is having as owner we can expect good investment on players for better results is not bad at all for them, Alexander Isak is surely a good investment for this club in long run which can give them good dividend in long run.
2726  Economy / Speculation / Re: Weekly RSI leaving oversold conditions on: August 23, 2022, 12:38:33 PM
On the Daily chart the bulls continue to defend $21K, however there remains low buying pressure as well as low volume as price struggles to move higher. With the week closing bearish yesterday (-11%), price risks falling lower to the lower range of accumulation around $20K if the volume point of control can't be maintained as support. Mid-term I remain neutral as price consolidates within this critical accumulation zone.
I believe that bearish closing mainly happened because of the fear index situation. I mean people are scared a ton because of the bad news coming from mt.gox trustee considering to sell their tens of thousands of bitcoins and that’s mainly the reason why it’s like this. People need to realize that there isn't a situation where we are doing something wrong right now, it’s doing fine and we shouldn't be worried about it.

This is what the world is all about and the problem is that crypto could have bearish moments that is "fabricated" basically and not data backed, all because of some news. This doesn't mean that it is really bearish, it is just looking like that.
2727  Economy / Speculation / Re: Will the price of bitcoin rise again? on: August 23, 2022, 05:50:21 AM
One thing to mention in particular was the bear market a few days ago. Then the price of Bitcoin has decreased due to the market being down. But now, despite being in a bull market, why is the price of Bitcoin decreasing now? Hope the experienced will tell.
The point of shitcoins losing a lot is the fact that there are too many whales who own a lot of it, and too many retail investors who have even more. Meaning, when 1 person has 10%, and the other 90% is owned equally 1% by 90 people, that still is a big trouble, sure 90% is bigger than 10%, but that 1 person could make it go down if they end up selling all at once, and the other 90 will get hurt.

This is how they are working on it and making it be a bad investment. Bitcoin is not like that and even the mt.gox deal which is a huge one could make it go down, it doesn't really end up making it go down too much which is why I believe it's fine and you can trust it.
2728  Economy / Speculation / Re: Simple information in Bitcoin on: August 22, 2022, 09:25:42 PM
OP is just a jr member and obviously don’t have good knowledge on technical analysis besides his personal experience and beliefs on trading. You can’t get reliable information on discussion post like this because most user is just posting there opinion especially those low ranks for discussion purposes only.

Probably he just bought or still holding and use this post to encourage other user to buy more to pump price for his investment sake.
I would say that Jr Member may not have a great idea about bitcoin, but I do believe it will be 30k soon as well. This of course depends on the understanding of what "soon" means for you, I mean before 2022 ends for example, if you consider before 2022 as soon like me then I agree that we will see 30k before the year ends.

That's not really that hard, sure we had a small drop these days because of some bad news but it's going to be ok and we are going to be fine. That's a personal opinion and yes maybe there are a lot of people who will disagree with me but that's how the speculation is done, you say one thing and I say another and we argue about it.
2729  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum will get more demand on: August 22, 2022, 08:08:52 PM
Why did I feel like the reason why BTC doesn't go below 20k today was because of Ethereum? Many are adopting ETH because of the merge and the forks, free money on the way for holders not just stakers.
Its' not caused by ethereum that was triggering the bearish trend but it's caused by mtgox issue that was making so many people feel worry. I have no problem with ethereum at all since ethereum will always be going to the bottom along with bitcoin and whole of crypto market due to the bearish trend. The mtgox dump may make it different as it can trigger the situation to be even worse. Don't you aware about this?
That's true, the mtgox deal is getting to a point that people are worried about not just one small part, but more like billions of dollars. I still think that it won't happen that way, but it does feel like there is a good chance it could be done in smaller parts piece by piece. This will of course eventually level out the market and not going to really crash it. Which means that people made too much noise out of nothing.

The amount of money that mtgox could have caused a trouble, was smaller than the amount we already dropped just because of the news. That's our biggest problem, news about potential danger causes the price to drop more than the danger itself and that's stupid.
2730  Economy / Economics / Re: Lenders and borrowers during inflation on: August 22, 2022, 07:05:22 PM
When inflation occurs, of course there are many unexpected things, and in my opinion it is natural if there are many offers for borrowing, purchasing power and production that drop makes money difficult to spin, usually the central bank provides low interest so that good things when borrowing for productive needs.
Borrowing for productive needs, I think, is not so good, although it can help a little to circulate money in life, but the borrower also has to think about the smooth running of his business so that he can pay off his loan to the bank or to the party he borrowed. And of course it makes the borrower feel a little depressed because to run his business in inflationary conditions is clearly not easy. Because the price of goods becomes more expensive and the currency becomes cheaper so that there are fewer purchases.
The amazing thing is, when you borrow, and get a machine to produce more stuff, and sell them for higher price because of inflation, you will be able to make that loan back very quickly.

Like let's say you took out 100k dollars loan, you need to pay 3k per month for 36 months, and you sell the product for 5 bucks, but you produce 2x more now thanks to the new machine, you could literally double your income even without price increase, but if the price goes up twice as well, your 5 bucks, becomes 10 bucks 2 products 20 dollars, quadruple of what it used to be. Do not tell me that doesn't sound like an amazing deal for you, while the loan stays the same, the income goes up very much.
2731  Bitcoin / Bitcoin Discussion / Re: We are all Hodlonaut on: August 22, 2022, 05:12:23 PM
It is probably not Satoshi, although he too was only human who could make mistakes and lost access to data including the genesis block and everything relevant from the earliest period. In addition, there is also the option that signing such a message in order to prove that Faketoshi is fake would do more harm than good, considering that it would not only confirm that Satoshi is alive, but also that he still has control over all the Bitcoins that he mined - and some fear that more than anything else.
I would guess that him being dead seems like a more likely situation. I am not saying that he is dead, but him losing all his keys and access to genesis versus him being dead comparison has the dead option a lot more likely. I personally believe it would be even smarter if he just knowingly destroyed all access, he has over him losing it. At the end of the day, we were doing something that is a bit scarier when we are talking about someone we have no idea who it is.

This is why I believe that we shouldn't be really be making speculations on someone that we do not even know about, is it a he, is it a she, is it a university group, is it a company, is it a government? We have no clue.
2732  Bitcoin / Bitcoin Discussion / Re: SBI decides to withdraw crypto mining completely from Russia on: August 22, 2022, 12:01:41 PM
There is nothing surprising. More than a thousand large companies have already left Russia because of the war it unleashed in Ukraine. In Russia, both exports and imports are sharply reduced. Sanctions isolate it from the outside world. The Kremlin has long understood this and is now desperately looking for a way out between a bad and a very bad option for her to end the war. Even the citizens of Russia have already understood this, they are fleeing this country and taking capital with them. Every month they withdraw more than four billion dollars from Russia, and this situation will not only continue, but also grow. The process has been launched and will continue by inertia even when Putin decides to withdraw his troops from Ukraine and the sanctions are eased.
Isn't it normal? I mean sure they did not "crash" economically because tens of billions of dollars from Russians with money overseas went back to Russia so they are not really doing anything long term. But at the end of the day, we are also looking at all western nations trying to stop what business they have, and that is why it is fine for them and terrible for Russia.

This means that we shouldn't be really causing any terrible worry about Russia in the future, they will get better after Putin because they will realize how poor they could become with this type of situation and they will change their ways which will be a great result for the whole world and peace.
2733  Economy / Economics / Re: Effect Of Delayed Gratification On Investment Outcome. on: August 21, 2022, 08:35:25 PM
Delayed Gratification, do you want now (short term) and are ok with losing out or patience (long term) for huge gains.  Or better yet, delayed gratification= HODL
My wish is still a HODL for greater satisfaction in the long run. Because I think if it's about holding Bitcoin in the long term, then I'm still very happy to do it and still very patient with it forever. It is about a person's belief and trust in what he holds in the present moment for the long term. So it is necessary to see what is really good to hold before living it for a long period of time.
The fact is that I am not expecting to turn my bitcoin into a larger fiat amount in the future, that is not my end goal. My end goal is to have a life where I never have to turn my bitcoins into ever fiat again and live comfortably.

This means that there needs to be a tech somewhere which would allow us to have a world where we spend bitcoin to buy things very easily, bills, grocery, the cup of coffee you drink with your friends, the McDonalds you buy, the tires to your car, ALL should be bitcoin paid without ever using fiat again. I want to reach that and if we ever do, the price will of course be very high, that is what I am trying to reach and that should be good day when we get there.
2734  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 21, 2022, 06:10:24 PM
Relying on one person in Test cricket is nothing but foolish. Because Test cricket is not a game of so much shot time like T20 cricket. Since Test cricket is a five-day game, patience is very important in this game Why you say England's batting line-up depends on Joe Root. But that's not the case, England's batsmen have many better quality batsmen than Joe Root. Maybe they could not show the desired performance on the field. But it is expected that they will turn around again in the next matches.
In last few years, England is having problems with their batting and no quality batsman is coming to give some better support to Joe Root which is surely a big concern for them sometime unpredictable batsman like Stokes and Bairstow give good support, but sadly it's not enough so as he goes down all batting lineup down like crap even English county system is one of the best in world but still they are not having system to bring few quality batsmen for test matches.

As we have in Australia and India which are also going impressive and consistent for many years they need to do work on quality rather than quantity in county matches which is also having big burden and no player giving his best for long time and their average batting line up is going down below than average for some time which can go more down if they fail to bring better system and strategy.
2735  Bitcoin / Bitcoin Discussion / Re: Be a Bitcoin believer on: August 21, 2022, 03:05:02 PM
Actually, it's not too wrong to put options in alt after bitcoin but of course this must be with a sense of being ready to lose more and with observations that are really reliable.
We have to see which altcoins we can really invest in because if we make a little mistake, especially trying something new, we will only lose a lot from our careless actions.
There is a difference between putting your money into alts, versus putting your money into a brand new shitcoin. I believe that there are some people with good intentions but there isn't really anything that we could do which would help us with the brand new one because even with good intentions they could fail. Alts include all the big names, and all the small names and we shouldn't be going with brand new ones that are uncertain.

Some people will do that anyway, even the shittiest one could get tens of thousands of dollars investment. I have been part of a dozen projects so far in marketing, and I can tell you even scams get money unfortunately, talked with many scams who openly said they are scams, and still get tens of thousands of dollars.
2736  Economy / Trading Discussion / Re: trading is good for traders with passive mindset on: August 20, 2022, 06:36:41 AM
There are differences between traders and investors. But, you could always have it together at the same time, how? Well, if you want to buy something and 15 minutes after you buy, that thing goes up in price then you could sell and make a profit.

But, if you are buying something and then it goes down, then you could hold it for a year and then sell it for a profit. You are the same person, and you bought the same thing, but depending on what the outcome is, you turn out to be a trader or an investor. This is why it is not really that much of a big difference between the two, the difference is what happens meanwhile. If you are willing to do it, then it's fine.
Yeah, in my opinion it's not easy to have a passive mindset though. We are human beings and we have emotions and it's hard to keep them under control. I never became a great trader because I fail to keep my emotions in check to be fair, doesn't need to be just bad stuff, even on good feelings I overreact and that's always a trouble for me, like keeping something longer than I should because I like it type of good intentions did hurt me.

So, I would suggest that being a long term investor is easier. All you have to do is buy and hold, that will result with you making a good profit and that way you could always end up with a happy ending to your investment if you wait for it long enough.
2737  Economy / Economics / Re: Tips to save my finances, to grow personal economy on: August 20, 2022, 05:28:31 AM
One of the things that can damage financial management in every individual is because they are accustomed to debt. like buying things with a credit card. sometimes it makes us out of control. so that financial plans often become out of control. and indeed it is better to buy something with no debt. ie by paying directly. because debt should not become a habit.

and it's true that saving fiat sometimes makes it easier for us to spend it. so it's wasteful. so it is better to save in investment either by buying property or a plot of land. which has the potential for prices to continue to increase every year.
That’s bad debt, there is also good debt. If you buy something like a chair with debt, that’s not a good debt, if you buy a new blender for making food, that’s bad debt. Do not get debt for things that will not make you money, anything you purchase, if it doesn't profit you, is a bad debt. But let’s say you bought a house, paid upfront a bit, and rest is mortgage, for fairly cheap rate, and you rent that house and get paid for it. That’s a good debt.

I know people who literally survive on credit card, because use all their money to buy things that will profit them instead. That way they pay off that debt with their passive income, and use their salary to keep on building their passive income.
2738  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: What are the advantages that publishers of NFT games have? on: August 20, 2022, 02:12:40 AM
The developers will get a percentage of download fee when a person downloads the game from App store or Play store. The more the downloads, the higher will be the revenue earned. When the players buy or sell the NFTs on the Gaming NFT Marketplace, there will be a certain amount of transaction fee that will be charged. The developers can earn revenues from this as well.
NFT itself is a great revenue generator if you are doing the right way. Which means that at first when it is minted there will be some money coming to you, secondly when we are talking about a great NFT that means people will be moving it around. I will buy, you will sell, this will create a market that is constantly changing hands and that means if you put like even a 1% tax, that could bring you a lot of money depending on how much trading happens.

So at the end of the day, you do not even needs tokens or anything else, all you need is all your NFT's to be minted right away, and then constantly traded for a long time which will bring you a steady income.
2739  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you thing about Terra team? on: August 19, 2022, 08:36:26 PM
Whatever happens on the market, it's all because of the Terra team. And that's not only my belief that is true. And whatever they say, I don't believe their opinion. And now they've launched their new coin, Terra Coin, and they're hoping we'll forget what they've done to us. I promised myself that I would not invest in Terra Coin or any other ecosystem coin. and I also believed that this was the end of Terra. And they are not going to be a project like Old Terra. because they lost their trust. That's my opinion. Thank you.
That's true. They have failed the investors once, and they could do that again and we shouldn't be trusting them with our money at all. There isn't really a system where they could make sure that his never happens again, it could happen again and they would not be able to stop it another time.

You may think maybe it won't, and they will try their best, but ask yourself this; do you really think that they wanted this to happen first time? Of course not, we all know they didn't and yet it happened which means that they could try their best again and fail which would not be impossible. Hence, whatever else they do, they will always be a failure in my mind that I would never invest into.
2740  Bitcoin / Bitcoin Discussion / Re: Conservative Fiat Currency & Progressive Bitcoin Currency Adoption on: August 19, 2022, 07:24:42 PM
In life, it is normal that for everybody new concept, there will be people who will be for it and those who will be against it, and on the contrary that doesn't make them bad people, but it times they are not used to such thing and are not ready and willing to learn new things, and same as Bitcoin, because till today there are still some persons who still believe that anything online is a scam, and that Bitcoin is a scam too, especially the elderly people of around 50 to 65years old. And you actually can't blame them for that.
But I really love the concept of this thread, and for that reason, I will be showing some love
That's the point that we always lose. The all famous Charlie Chaplin movie the dictator had a quote saying if we fight each other then we would forget that we are hungry.

Same goes here, if you constantly manage to make right and left fight, progressive vs conservative, liberal vs whatever and constantly keep on making them fight, then they will not realize that no matter what the world is, there are people at the top managing the world to bring them power and money and a great life, whereas you and me could have very different opinions about life and yet we would be crushed under the same power hungry politician, no matter what the ideology of that politician is because it happens in every nation with all kinds of imaginable ideas.
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