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2721  Bitcoin / Press / Re: [2021-08-21] Inside Afghanistan's cryptocurrency underground as the country plu on: August 30, 2021, 12:32:50 PM
I just wish that the Talibans won't be too bold with cryptocurrencies and that guy might not the only one that has crypto assets.

He chose to go back because of their economy status and probably his portfolio is giving him that feeling that he's at a good status.

The last thing we actually want is the Taliban confiscating cryptocurrency from users in Afghanistan and using it for purchase of weapons and terror financing. That would give the perfect excuse for the western governments to shut down Bitcoin mixers, DEX platforms and P2P exchanges. They may even go for KYC on online wallets. So far it looks as if Bitcoin is too technological for Taliban to understand it's purpose, but we can't be sure whether the situation will remain like that for the long-term.

Are you kidding? Do you really think it's possible for organisation like Taliban, or any other of such level, to be so uneducated in whole? Surely they have tech savvy people among them, and I wouldn't be surprised if some of them where hanging out on this very forum.

Overall I think Taliban government is going to embrace crypto because using it is not against Sharia.
I agree to BetWrong, they got bunch of people that are educated and well aware of the things happening in the world including what's with the technology.

As for confiscating crypto from their users, they cannot know that if those people owning cryptos will remain lowkey and as if they don't know that such technology exists.
2722  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: August 30, 2021, 10:30:36 AM
There are ways to obtain passive income and they are quite profitable for example having a Divi Masternode, it has five levels and one can choose the most convenient or Staking that is cheaper.
If I'm to choose a masternode, I'll choose other than what you've suggested. The investment needed for that masternode is quite high and expensive.

That's why I'll choose other cryptocurrencies that are very adjustable through staking and not through masternode.
2723  Economy / Economics / Re: Bullish or nuts? Fidelity predicts $100M bitcoin in 2035 on: August 29, 2021, 11:52:13 PM
The effect to make it possible goes with a high inflation for it to happen, how much would be things by that time.

So it goes within 14 years that the price of bitcoin is going to be $100M with their prediction in that return. If someone can hold at least 0.01 BTC by that time then he will have $1M.
2724  Bitcoin / Press / Re: [2021-08-21] Inside Afghanistan's cryptocurrency underground as the country plu on: August 29, 2021, 11:32:57 PM
I just wish that the Talibans won't be too bold with cryptocurrencies and that guy might not the only one that has crypto assets.

He chose to go back because of their economy status and probably his portfolio is giving him that feeling that he's at a good status.
2725  Economy / Speculation / Re: What make people panic sell? on: August 29, 2021, 09:28:57 PM
Looking at the charts always.

Someone who looks most of the time and lack of experience makes them panic sell. I was the same before until it helped me endure the market during the bears and bulls.

Also, when someone is in need, he won't care if he panics or not.
2726  Economy / Trading Discussion / Re: What is stop loss and how it works on: August 29, 2021, 08:22:07 PM
From this place if you think I will keep with the Stop Loss Prize then you can keep with. If the market goes to that place, it will become your automatic sale. So stop loss is vital for trading.
It is vital.

Because it will save your trades from doing so and can prolong your stay in the exchanges if you're good at stopping your losses. Traders tend to do that to avoid losing big.

And at the same time to recover some and continue.
2727  Economy / Trading Discussion / Re: How cryptocurrency trading have helped the youth. on: August 29, 2021, 07:49:25 PM
Trading is too laborious. After a few years of coming to cryptocurrency, I feel that instead of saying that I am mature, it is better to say that I am getting old.
Both the body and the mind have been greatly exercised,
I basically do trading once a week because I have suffered a lot from frequent trading.
When you're not doing good, it's better to take some rest and wait until you become ready again on it.

And the youth today got more opportunities like trading in cryptocurrencies, a few years ago and during our youth, there's not that much opportunity that we can choose online so you guys are lucky if you cultivate your trading skills.
2728  Economy / Economics / Re: Only young and naive guy believe in high risk high return on: August 29, 2021, 07:06:13 PM
Taking high risk doesn't guarantee you a high return every time. It is a really ridiculous saying I think. If you fall for it, there is a high probability for you to lose maybe all of your investment amount or most of it. In this market, taking higher risks can take you to really interesting places. So I think that the best thing to do is to make a regular investment into some coin and go on with it.  Grin
And just deal with the risk that you'll take for each of those coin that you're going to invest.

It is very important to take those risk and know how high or low they are because it's your money that's being invested. Whether you're young or not, it is normal to take risks.
2729  Economy / Economics / Re: what makes us good investors. on: August 27, 2021, 08:59:05 PM
A good investor, for our purposes, is someone who understands what they're investing in and why they're investing. They're in control of their overall investing plan and can consistently contribute to their portfolio over the years.
Also that investor obviously is patient.

He takes care of himself through those investments and never do any decision of panicking. And if he sees that there's an advantage of buying, he does that as he understands what he's doing and what are the investments that he bought.
2730  Economy / Trading Discussion / Re: Your Best trading platform is? on: August 27, 2021, 10:23:09 AM
Binace remains my best trading platform. Its wonderful features makes it very user friendly. Its very easy to monitor and know how your trades are placed. Security is top notch. They link up with your mail,2FA and your Mobile number too. Binace trading platform remains my best and will continue to be
Most exchanges does have those security features that a trader has to activate for better security of their accounts and assets.

It's not only Binance but also majority of the exchanges have that. In terms of security factor, Binance has improved well because of the help too by some bad experience that has came to them in the past.
2731  Economy / Trading Discussion / Re: Small capital and Big capital on: August 25, 2021, 08:49:21 PM
whether small or large capital, I think it depends on our trading goals whether it will be short term or long term. for small capital, I think short-term trading is more suitable, because it will grow our money faster, but it must have knowledge. and for large capital I think it is more flexible, because we can choose both
Small capital can also be in long term.

It doesn't mean you only have small capital and you're only capable of doing short term. We can take the example of those people who have made a lot with bitcoin.

They invested little and then got lucky when the price of bitcoin increased because they held for long term.
2732  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: August 25, 2021, 10:31:05 AM
It is not mandatory however I believe with what all that you've said about someone's gain especially with the rich people. Those are the exact reason why they're getting rich.

They leave their investments while pursuing another one and it doesn't matter to them what will happen to that investment in a year or more. I've listened to an interview with a known tycoon in Asia and that's what he do, he invest and leave that and then pursue for another one. He's also aware of blockchain but didn't mentioned about bitcoin but probably he's also aware of it.
2733  Bitcoin / Bitcoin Discussion / Re: The more popular Bitcoin is, the more valuable it is? on: August 25, 2021, 09:26:21 AM
it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically
Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.
Its a simple economics subject...

High demand = High value
Less demand = Less value

Its no brainer that the more popular Bitcoin is then the more valuable it is and so as with other things
and i dont know on why people do still ask this very basic question.

Lets just see on how bitcoin popularity would gradually scattered globally.
It is okay to ask, if they have no idea what's behind the economy of bitcoin, that's fine. All of us, we've been there and once became a newbie and also curious about this matter.

The popularity of bitcoin is expanding rapidly and there's no doubt that even within a few years, there will be the next countries to adopt it as a legal tender.
2734  Economy / Economics / Re: Crypto vs Fiat on: August 25, 2021, 08:32:04 AM
There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.
bank interest between saving and borrowing is very striking difference. banks collect money from people who save and lend it back at a higher interest, so if you save and want to make a profit, I think it is not wise, the deposit interest is still relatively small when compared to the loan interest. therefore investment is the main choice to develop our money
That's what I've just said.

It is the usual cycle that's why many of us who owns crypto are lessening our cash flow due to that fact and we've chosen to put that savings into crypto.

Because there's more sense to it and if you've been in crypto for quite a while and you've held that long, you'll have that decision that it's better than the traditional style of saving and investing.
Although saving in traditional money is the most correct, in my country that word or that action "Savings" does not exist, firstly because of the local currency, which is impossible to save there due to high inflation.

When a country has high inflation problems, particular economies tend to look for many alternatives, but there is no room for savings, when we talk about crypto, only for those traders who achieve at least 6% quarterly would be accumulating 24% per year, that is, , more annual interest would be generated than any bank in the world, then the BTC or any cryptocurrency can become the best saving method, even in countries with very prosperous economies.
I'm thinking about Venezuela but it's more in hyper inflation so I'm taking a guess from which country you are residing but I can't think of it.

But anyway, it is true that when a country is dealing with high inflation, savings isn't going to work. You have to look for some ways to grow your money through investments because if you've got $1000 in savings on that country, the value of it by next year or so will eventually decreased. It's still $1000 but you will buy things soon lower than that value as inflation increases.
2735  Economy / Economics / Re: Crypto vs Fiat on: August 24, 2021, 11:52:15 PM
I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.
There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

Your explanation is correct, our money in the bank will be used by banks to provide loans to their customers. And the bank will impose interest that
must be paid by the borrower of the money, a small portion of the interest earned will be given to us as investors. And that's a very small
percentage compared to what we would get from investing in crypto. Although investing in crypto is risky, but if we have good knowledge and
analytical skills, it is not too difficult to make a profit from crypto. Especially investing in Bitcoin, has been proven in 12 years is very profitable.
A very significant increase in the price of Bitcoin, can provide a very large profit if we can be patient holding Bitcoin in the long term.
It is the usual cycle that's why many of us who owns crypto are lessening our cash flow due to that fact and we've chosen to put that savings into crypto.

Because there's more sense to it and if you've been in crypto for quite a while and you've held that long, you'll have that decision that it's better than the traditional style of saving and investing.
2736  Economy / Economics / Re: Crypto vs Fiat on: August 24, 2021, 11:09:53 PM
I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.
There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.
2737  Bitcoin / Bitcoin Discussion / Re: The more popular Bitcoin is, the more valuable it is? on: August 24, 2021, 10:29:49 PM
it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically
Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.
2738  Economy / Trading Discussion / Re: How weird is it to borrow money and invest into Bitcoin? on: August 24, 2021, 09:21:43 PM
I need did this recently when I buy my team on Axie and yeah, this is too risky especially if you don’t have extra fund to pay for that loan when the project you invest with was a scam, fortunately I did the right decision and now I already paid my loan and still earning with my investment, sometimes its ok to borrow if you know you can make money out of it, but if not better not to do so. This is not advisable though, only a risk taker should do this and make sure that you can still pay that money even if you lose your capital.
What you did is too risky.

AFAIK, it's still risky and the same as borrowing for buying bitcoin. But with what I knew about that investment you got in, the return was good before and during the hype.

And if you just did that a few weeks ago, you're going to have a long time before your ROI.
2739  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: August 24, 2021, 03:51:54 PM
The future prices are certainly difficult to predict, I tried to learn various techniques and analyzes that can predict bitcoin prices on a daily to annual basis, but the fact is not 100% true, maybe we just speculate that bitcoin prices will rise so now buy and hold.
Bitcoin is a speculative asset and we're all speculating what's with it in the future.

But the catch that it's here to stay and most of the predictions that have been said to it lately is positive. Let's just be welcoming with anyone's speculation, high or low as long as there's a valid point given.

2740  Economy / Trading Discussion / Re: Your Best trading platform is? on: August 24, 2021, 03:14:21 PM
I like to trade with binance their app is very great very much user-friendly .I m not that much hardcore trader so binance serves me well.But if you are interested in future trading you should use third party service provider related to binance
Better don't use futures.

And what you're saying about third party service with futures? Binance has it integrated the margin perpetual. Just be don't liquidated or don't get on it unaware.
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