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2721  Bitcoin / Bitcoin Discussion / Re: Bitcoin Journey Began 40 Years Ago; is this the end? on: November 28, 2022, 04:16:06 PM
It has taken lot of years for bitcoin development to these levels so do you think it will end at these notes when the world is recognising its importance to global level? The digital payment era is giving boost to bitcoin usage as well and big companies are alo engaging themselves into this payment processings to interest the customers.There are many other reasons as well so in my opinion this is just another start for bitcoin not the end.
Nope.
Bitcoin is having a boost simply because it is a profitable investment more than being a currency. Well it is useful indeed; low transaction fees, faster with anonymity and such but the problem is its market price volatility. I doubt that in countries wherein it is widely accepted, people will use Bitcoin perhaps, to pay their clothes or food. They'd more prefer using fiat still on daily transactions. Let us accept it. At the present most of the people view this industry as a way of earning profit or in form of investment.

But going back with the topic, it's been years indeed. Its market value have gone too far and thid technology is now being recognized on countries around the globe. But I doubt this is the peak already. Bright future ahead once the market price slowly stabilize as more people or businesses acknowledge this industry.
2722  Alternate cryptocurrencies / Altcoin Discussion / Re: They want your money by all means possible on: November 28, 2022, 02:08:26 PM
These days scams are as brazen as can be. I learned the hard way that even if a project is green-lighted by the best platforms or audited by the best audits, it can well and truly scam you. I have so many examples, the latest is Cylum Finance that was audited by Cerrik, which is an industry audit leader. Even the team was doxxed. Still didn't stop them from rugging the investor, me inclusive
Fraudsters are getting smarter at disturbing investors to be able to get money by all means. We shouldn't get caught up in investing in the newest project. If you don't dare to take the risk of investing in a new project, it's better to invest in coins that have been tested and have strong fundamentals so that it is more profitable to invest.
There are other ways to know whether a project is a fraud or not such as background checking on people or team behind that project. Check if they had good ones before if possible. But that is indeed true; no matter how we secure not being scammed, if it would then things would happen. But if you're that anxious, then avoid investing to projects then. Engage with other crypto activities which would generate profit. For sure other project investors are aware of the risk of being fooled by new projects but they are taking the risk still. If you cannot do the same thing, then try trading or investing to released coins in the market; profit may not be as what you're used to but everything can be learned.
2723  Bitcoin / Bitcoin Discussion / Re: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours on: November 28, 2022, 12:34:51 PM
Well, for sure people will have impressions such as whales withdrawing their assets but as we can see on the market price, it didn't fill red marks which should have tickle a bit. Meaning, the amount was just transfered probably on their wallet. If we won't use our comprehension, this might cause FUD towards small investors therefore we should not emphasize such thing to avoid misconceptions and panic.
What I don't understand is how can someone be holding such amount of BTC in an exchange and still sleep at night?
Considering the inherent risk attached to keeping tokens on exchange, I will say it is rather unwise to leave your funds in an exchange, no matter how secure they claim to be.

Some people still will never learn their lessons, they prefer to learn the hard way.
Whale things I guess?  They are simply comfortable with this industry for being in years. Coinbase on the other hand is a trusted exchanger. But maybe he just made sure of things given that what happened recently, rarely occur. So he probably eliminated the risk of losing money due to negligence. As long as he won't sell it, the amount will continue 'living'. He might be planning to rest that amount for months or even year until the market recover.
2724  Economy / Speculation / Re: Bitcoin cycles, this is the cyclical minimum on: November 28, 2022, 10:59:16 AM
While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.

Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.
Fiat is not losing value, the market goods are just having increase with the market price as a consequence of inflation which is a reflection of world market and rach countries' economy. Ofcourse it won't go to zero unless hyperinflation occur to a particular country such as with Zimbabwe. The market value of their currency did not deop to zero that would be impossible, its market value is just low. Also, given how volatile the msrket prices of crypto, it won't be sustainable for the economy to use it as a main coin 'coz there will be no consistency with daily transactions simply because the value of crypto changes from time to time.

All in all, there is always a tendency for the price of Bitcoin to be as low as it can especially if demand will dictate it to do so. Whether it would go up or not, the demand would be the bottomline as it determines the market price of crypto.
2725  Bitcoin / Bitcoin Discussion / Re: Bitcoin is permissable in Islam. on: November 28, 2022, 09:44:32 AM
I think yes because many people are using bitcoin as there job now feeding there families and other stuffs.
And bitcoin isn't like gambling, betting etc
There's nothing dat is prohibited in bitcoin so I believe bitcoin is permissible.

I don’t find till where bitcoin permissible or not permissible. But i think, Muslim countries are different rules. But bitcoin is decentralization crypto currency It's not like gambling or casino. Many countries payment system bitcoin pay now and many countries government accepted bitcoin. And i don’t find also where Islam said about bitcoin negativity.
I'm not a muslim but I think there are no direct reason for our muslim brothers and sisters to ban or prohibit usage of this technology unless if it would be linked to gambling because you are somehow betting to something everytime you are investing in a token. But it is not really gambling if the idea of gambling is taking advantage of your opponent (well it depends on the game because sometimes it is the house which is your opponent) or simply you are not taking anything from your opponent(the idea of gambling in its broadest sense). It will only be between investor and the market which gave me the idea that they won't be prohibited from using it. But if I'm wrong please correct me.
2726  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: November 28, 2022, 08:50:07 AM
I am a mother may be different from you a little .
Introducing bitcoin from an early age I think is too much, but if they already understand what money is and how to get it then we can teach them and tell them what bitcoin is,
about you saying complete financial freedom if you have bitcoin I think that's too much, it's good for us to explain the risks that will be faced if investing in bitcoin first
because basically the interests and talents of each child/person are different, we cannot force everything on the people closest to us
yes you are right. we as parents should be wiser in this regard. Waiting for our children to become more mature and understand financial or economics first is a wise move. and we can only introduce and not impose. because in the end we have to let them choose whether they are interested or not at all. because as you said that everyone's interests are different. But still introducing is needed as insight. because in the future knowledge like this will be needed.
Introducing this technology and field of investment takes time especially for young individuals. A parent may use a more practical scenarios which won't ruin their childhood such as allowing them to sell candies to their friends or at school if they would want to. This may infuse to their thought an idea of capitalism and investment which won't be as harmful as with bigger assets. Just the idea would be enough on their early years. Wait for that idea to manifest afterwards but pushing them to do so may just interrupt their development. Allow things to happrn atleast close to what is 'natural'. Being an adult we should guide the young ones for the betterment without actually destroying happiness; that's important.
2727  Economy / Speculation / Re: A good observer makes a better speculator on: November 28, 2022, 07:49:18 AM
What makes a good observer, though? Anyone can be taught to read a chart. Anyone can be taught to read the news and make conclusions. Trading schools are a dime a dozen (and cost many dimes to learn) but why is it that even the best eventually fail in a bear market?

One might argue the best speculator doesn't allow to be made into an observer... Especially in an age where you are given the news you want to read.

I think proactive insight seeking is rare, and even that doesn't make you a good speculator.
A good observer I guess, knows what he is observing. Everyone could observe but not everyone could understand or simbly be organized observing. Perhaps on a experiment; you cannot observe every aspect, you need to focus onky on the things you needed to find explanation of.Being a good speculator on the other hand, speculates with basis and not by mere assumptions. So I guess a good observer could become a good speculator simply because if he knows what he is trying to observe, he can create an especulation which has a tendency to be close , if not exactly, to the assumptions. Unlike with people who just throws random speculations because that's his/her "feeling" of something. Speculation itself is subjective but if you want to atleast fill it with substance, then you better be objective on some aspects to make an educated guess.
2728  Bitcoin / Bitcoin Discussion / Re: If you were the government, how would you fight against bitcoin? on: November 28, 2022, 05:04:17 AM
What's the need for a fight if government has the power whether to allow the usage of this technology or not? Bitcoin is  being used as an option for mode of payment to some countries while in ither countries, I guess it is not prohibited but rather not supported. A manner of "use it if you want to but we're not in accountable for the risk". Regulation on the other hand remains the same. They could do it if they would want to as long as they would be able to track every transaction which I think would be only possible through third party wallets.
It seems that the government is still shy about cooperating with Cryptocurrency and adopting it as a mode of payment that can be legalized. I don't think Investors are fools if they feel cryptocurrencies are unreliable, even with the recent price drop although many people have left the market.
They are only into taxes. Also, there's no cooperation needed. They just need to find a way how will they control in and outs of cryptocurrencies from wallet to another. They've already tried third party apps but users in this industry are just not making use of it because of high fees. And they just cannot do anything about it at the present.
2729  Bitcoin / Bitcoin Discussion / Re: Bitcoin or altcoin? on: November 27, 2022, 10:45:24 PM
Bitcoin for a higher chance of earning profit when bullish trend occur and altcoin on the other hand for a higher rate of increase as well as profit but is more risky as an investment. I do prefer going with altcoin investment simply because it would require me less amount to invest, even if it is more risky, but allows me to diversify my capital in different assets than to just let my investment sleep with bitcoin.
Are you comparing Bitcoin to altcoins? If so, you are comparing apples to oranges. Bitcoin is not in competition with any other cryptocurrency in the same way that a BMW is not in competition with a Hyundai. Sure, they are both cars, but they serve different purposes.

Bitcoin stands alone as the original, first-ever cryptocurrency and will likely be used as a means of exchange for many years to come. While there are many altcoins out there today, none of them can compare to Bitcoin in terms of size and scope, let alone its security.

No competition indeed. It is just a matter of an investor having his own preferences of where to engage his/her money with. No matter what you choose, there will always be an involved risk because all cryptocurrencies has volatile market value. Well in comparison, Bitcoin and alts might be different with utility aspects wherein Bitcoin is for daily transactions and alts are solely for projects (mostly) although some are also for transactions.
2730  Alternate cryptocurrencies / Altcoin Discussion / Re: Bad beginning for crypto beginners. on: November 27, 2022, 09:45:57 PM

Beginners with mindset of taking crypto as job opportunity:  some beginners thinks crypto can cover up the space of getting  a job. It is wrong to plan of making cryptocurrency a source of income as a beginner.  It is important to have emergency fund while Investing in crypto.
Beginners are very easily tempted to be able to profit from cryptocurrency because they see crypto prices when they have soared. They assume that crypto can be relied upon as a source of income because it can be traded easily but do not understand the risks. And on the bad side, beginners expect quick profits from crypto by putting in the main money they have in the hope that their profits will double and they think crypto can easily get money back from the initial capital issued
This is all because of the impression created by people towards this industry. Many non-crypto users view cryptocurrencies as an easy way to get rich but in reality it is not because of market volatility and inconsistencies. Some are even quitting their job just because they've earned a decent amount for the first time not knowing that it won't always be that way. Some are also selling their houses and other assets just to be able to invest in cryptos then complain eventually of their losses. The thing here is that no one pushes us to do something as an investor so technically there's no other individual to blame but ourselves. The best thing to do is to be knowledgeable of what we are engaging ourselves with.
2731  Bitcoin / Bitcoin Discussion / Re: Binance Users Can Now Verify The Bitcoin They Own Via Merkle Tree on: November 27, 2022, 03:26:24 PM
As long as the exchange is centralized there won't be a sure short way to find out if the exchange does hold the coins we have in our wallets.
They can always tweak the numbers since they are the central authority of the exchange.
So their Proof of Reserve system is just another way of convincing people to hold their money on the exchanges.
Also, verification would only matter if you are planning to hold a token for years. Wherein most of the people in Binance are not even storing their assets in it for a long period of time 'coz most of the people in that exchanger are also traders. Holding tokens in the first place should be done on wallets so I guess there's no need for verification especially if you are not planning to keep your assets in a 'box'. All of these are because of what happened right? People are asking for adjustments from exchanges because their assets might be lost. This technology is decentralized so what's with this 'ID'. People should just practice self-discipline. If assets were lost then check for transaction history.
2732  Economy / Speculation / Re: I think that we will see 13500 Dollars In 2022 on: November 27, 2022, 02:48:59 PM
On my end, I think it would stabilize at $16k price point based on its behavior at this moment but ofcourse no assurance. I am just hoping it won't fall that much because a domino effect could be triggered especially after an issue. New ones might think this industry really is a'fraud' and that might cause bigger problem by pulling down the demand.
FUD schemes from exchanges are unavoidable but we hope that this year we will receive worse FUDs to be completed soon and no more after the new year begins. We want to see positive trends re-emerge and not become a panic status for investors but I don't think investors will sell their holdings in the holiday season it's too cheap to sell so it's better to hold on than to sell.
For the last few days we have been below $16.5k in my prediction the odds are back at 20k or so down to $13k all having the same bubble.

If it still drops to $13k then it will be the lowest point of the year and the best opportunity to enter with the remaining money. We hope that all markets can recover and this year's FUD can be completed so that after the new year begins the bull market will decorate the new year. Maybe this Black Friday will be the last bearish season, Black Friday is a discount day where history in bitcoin the previous year became a discount moment for everything including bitcoin.
currently holding on and not selling cheap is the best choice rather than having to sell at a loss, and having reserve money for buybacks would be very good to get the cheapest price.
Lowest indeed but I doubt that it would be the best point to enter. If you have financial resources then it will really be but if you are a small time investor then that would be crucial. Some people migh lose interest 'coz issues come after one another. What I'm trying to point out is the difficulty of climbing up if price will be too low. therefore if you'd enter at its bottom, there is a tendency for your money or investment to be dead for a year or more than that depending on market behavior. My perfect timing for entering investment in crypto is the time a clear price direction can be seen.
2733  Economy / Speculation / Re: BTC, more closer bullish days ahead. on: November 27, 2022, 01:27:37 PM
Agree, I still believe there will be another crash that will happen in crypto market and hitting the final bottom of btc at around 11k, once happened this will be the start of the new season if this does not happen this year then the bottom is already in and we need to accumulate as many as we can for more exiting bull market coming.   
I do not think that there will be another one, I think what has happened is the last of it, I do not see anything bigger happening. It's understandable that too many people are expecting crypto t go down even more because they have only seen it go down and ats what they think it does. But in order for it to go down though, first it had to go up a lot, and do not forget how high it can get.

At the start of 2020 was 7k, and the peak of 2021 it was 68k, which means under 20-22 months we reached from 7k to 68k and we even had something like 4k in the middle there to. So, those ups are still markets reality and they will soon happen again.
There is not much time during this year to see yet another crash so I also think this is not very realistic, however 2023 is coming and we know this will also be a difficult year for bitcoin, and if we keep seeing big coins and big exchanges dropping like flies then I think there is a big chance we could see yet another collapse next year, however even if that is a possibility I think the price is already very attractive and if possible we need to take advantage of it already.

Yeah, but as far as exchanges really dropping? we haven't seen this in the last bear market, not that I'm aware of. It's more of the project going dead like the ICO and others doing the 2018 meltdown up to 2020 Covid-19 pandemic.

But this time it was very different, Terra Luna and then FTX, that's two of the biggest factor that really put a damper on the market that we have never seen before.

As a result, billions is lost in just a day, investors selling off as a result of this.
Exchanges dropping? It ended already. The only problem now are people being scared of what happened. The market quite stabilized already from the incident. Even before the issue of FYX, the market already was dumped by factors such as economic crisis and such. LUNA case is another story I think because the team behind the project itself were the ones at fault, in comparison with factors which affected the market downfall. But at the end of the day, we just cannot predict what will happen in this market, generally. There'd be a day wherein issue will arise same thing with bullish runs wherein news arise which hypes up investors towards the market.
2734  Bitcoin / Bitcoin Discussion / Re: FTX drama stressing people for no reason | How to stay neutral on: November 27, 2022, 12:17:23 PM
It is quite hard to prevent people from stressing out due to what happened recently involving FTX. Being neutral means understanding that such thing is unexpected and expected to happen at the same time. Same thing is evident with rugpulls related problems; the idea itself. What we are seeing are people generalizing such that same thing could happen with other exchangers, but in reality it doesn't occur often. There are other big exchangers which are still performing well for this industry. Being worried won't make you comfortable of what you are doing in this industry and may just eventually affect your profit. You just have to be cautious with your actions such as not storing wealth with exchangers. Assets are meant to be put in wallets.
2735  Economy / Speculation / Re: Hodl tight Bitcoin. We're going to the galaxy on: November 27, 2022, 11:44:38 AM
I am optimistic that the market will soon rise, if we have a plan to save money in a bank or invest in shares, I suggest to divert to Bitcoin, bank interest is not more than 10% per year, and profit from very small shares can even lose money, but with History and Facts, Bitcoin can be easy to profit 100% in a year.
Market will rise indeed but I doubt it would be this year. The market and outside exonomy are both struggling which makes it sketchy for a high market value on cryptos before this year end. Enduring market downfall at this moment would be the main thing for investors to be able to survive this bear trend. We may expect a bright future for this technology but its nature of volatility won't make the upward movement consistent. Also, something to point out is easy profit. This is a misconception we should be removing from our minds as well as with non-crypto users. Nothing's easy in this industry. If you are an investor you need to endure sudden changes with market prices. If you are a trader you have to study graphs of price directions and if you are into campaigns, you have to work hard to be paid. Nothing's easy.
2736  Alternate cryptocurrencies / Altcoin Discussion / Re: I will support Elon Musk if he creates a stablecoin for Twitter on: November 27, 2022, 11:06:00 AM
Then where will the token be used for? posting? If it is for twitter then its utility will be limited to the platform itself. And for it to be stable, users should be okay with it. As far as I know, most of the users of twitter are into posting stuffs than watching videos (if I'm not mistaken). So think of this: if that token will be used for twitter usage, will it be sustainable. But this is just measuring tendencies and possibilities for the token since Op have mentioned about stability with the token's market value. If we would base or compare to stable coins such as USDT there is a continuous usage of it in transactions. This would be a possible alt, and being stable is somewhat impossible.
2737  Economy / Speculation / Re: How fast will Bitcoin fall down? on: November 27, 2022, 09:15:52 AM
The price of Bitcoin today rises again by around 2% and hopes to return to the level of $ 20K, with the biggest marketcap, investors should not panic when looking at the price of dropping, but if we want a big profit then now is the right time to buy more and I'm sure the year 2023 Prices can rise to the level of $ 35k
Quite impossible with what we are seeing at this moment. The market is struggling at $16-17k. Given that we are more than a month remaining, things would be hard especially for a complete recovery with the market. But I don't want to conclude. This market behavior is just hard to predict. But if there will be news which could boost the interest and demand of investors towards this industry on the last month of this year, then things would be possible. But in my opinion, this year will end not in favor for us or for this industry in general. But let us hope as well that if it really won't, atleast there would be an increase on the early months of 2023. But as I've said, no assurance will be made. For now holding and being patient is the only thing we could do.
2738  Economy / Trading Discussion / Re: Long term Crypto winning strategies on: November 27, 2022, 07:48:26 AM
Dear All

There are two bodies in crypto, Traders, and investors. Today's topic is for investors. Specially very longterm investors. There are investing strategies for everyone. Share your ones.

Most common and sometimes I adhere

Collect BTC  at Deep Dips. (recently FTX collapsed)

Collect potential Alts Bear market.


so lets share your belives on strategies. 
There are also participants of projects; both campaigns and air drops. They are also a part of this industry as well as gamblers (which are also included because they are using cryptocurrencies on their transactions). But in terms of investment strategies you could also add scalping wherein a trader/investor would jump on a particular price (regardless if it is bear or bullish run) as long as there is a potential market price movement. Pointing here that we may have different market strategies but having the same goal which is to earn profit. Unfortunately, the idea of profit is being too emphasized towards non-crypto users which makes them unrealistic of how money is being 'created' in this industry.
2739  Other / Off-topic / Re: Increase in cost of running the family on: November 26, 2022, 03:10:56 PM
Well, we just cannot really stop the inflation rate; an economy can just slow it down or reduce it. The problem arise because minimum wage cannot cope up with daily expenses which yields to poverty. Who's at fault? Government and families. I'd say governments because they are the ones making regulations to cope up with the situation. Families on the other hand could also be at fault if they won't manage the family itself;family planning and daily expenses wherein adjustments should be made.
not patronizing,
here when we want to have children, before that we have to know the limits of our ability to finance them up to the highest education implemented by the government such as high school , if in my country, if we have a mediocre income we should follow the government's recommendations so that we don't find it difficult to meet his needs,
stop complaining if a child has been born, continue to be eager to earn income so that our children can be more than us and at least one day our children can raise our degree when we are old
Major problem is family related factors. Same with my country wherein people are complaining about shortage of financial resources but they are the ones who made a big family to feed. It has something to do as well on sense of responsibility.
2740  Bitcoin / Bitcoin Discussion / Re: Get Bitcoin Holdings for your child from infant. on: November 26, 2022, 02:02:52 PM
Like something that they would acquire in the future? that would be wise but be sure to transfer you assets to your child once they already have awareness and once they are ready for it because there would be a tendency that they would ignore it, if they still don't.
It is a very interesting theme.

I already had a deep dive into this theme: "how to make your coin survive yourself in order to secure your intergenerational wealth".
On the more practical side, I would suggest you two threads of mine:

Gifting satoshis to future generations
Securing Your Seed Phrase with Washers



Those are good threads, I have read it as well before. Well for sure people in this industry are having the same thought of passing this technology across generation due to its potential. Some are even having plans of "ladderized" plan for younger ones. 'coz if you would share it in an instant and at the wrong age they might not pay attention to it so efforts could not go to aaste.
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