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2741  Economy / Economics / Re: Debate: Please explain to me why... on: May 30, 2021, 07:03:35 PM
Now - if you can please explain to me what, exactly, the price of BTC has made different about the utility, desirability or demand of DOT, I am dying to hear it. Of course, the answer is  "nothing"
How about you answer yourself another thing first. What's the utility, desirability, and demand of DOT?

And to understand it better, you should know that I had to check coingecko as I had no clue that DOT stands for Polkadot, nor do I know what this coin is supposed to accomplish or to solve. And another question, if I'm probably unaware of it, has it today fixed any of those things, has it revolutionized something worth mentioning? My hunch is no. My hunch is that everyone that holds those coins is interested in the price, their trust in the utility is zero, they are just waiting to make some profits, dump it when its clear the coin will not be able to do a x5 overnight, and switch to the next altcoin that promises the same revolution we've had 200 times already.

Also, if there was distinct utility, desirability, and demand for it, why did it get influenced when BTC skyrocketed?
What changed in the utility, desirability, or demand between November 2020 and February 2021 to make the price go x7 in value?
I wouldn't know about DOT and I can't tell you why it is good or why it is bad because I never made a research about it and never invested into it and that is why I am not a good expert to answer that question. But I can make a little change about the question and can give you a very very good answer.

Why do you think dogecoin went up? Why do you think eth went up? Why do you think anything goes up? Do you really think that all do look alike? Maybe that is the case? I mean not everything goes up just because it has a utility, there is nothing desirable about most coins but they are high all because there is a pump and hype for it.

It means it could be something very usable just like bnb or eth, or it could be something silly like doge, none of that matters, as long as there is a hype about a coin, that coin will go up no matter what type of coin it is.
2742  Economy / Trading Discussion / Re: Many got REKT :( on: May 30, 2021, 03:03:52 PM
Who did an exit strategy before the worst dip?
I didn’t have any plans to exit the market at this time. But I did sell 70% of my overall assets when the market reached its highest and Bitcoin was above $60,000. And that’s because I felt it was too much already (calculating by the profit I have already made), so I left the rest there in case the market should go up further and I wasn’t bothered if the price was going to crash or not.

But the market has been going up again, although the increase is not really stable, because it keeps going back and forth from anywhere around $30,000 to $35,000 (currently at $36,000 now and I am hoping that it would sustain that and keep on going).
2743  Economy / Speculation / Re: Almost clear with the weak hands. on: May 29, 2021, 06:55:02 PM
Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
A lot of people are still saying that the price will reach $100,000. I hope this is true. I saw a post yesterday, a guy that was talking about 4Chan’s post and saying that the recent fall in price was planned by the whales for a purpose which I can’t really explain. And according to him, he strongly believes that the market will back up again. I don’t know how true that is, if the market does go up a lot of people are going to be happy about that.

Although the thought that Bitcoin is being manipulated doesn’t sit well with me. Nobody likes manipulation in any in form and in any market.
2744  Bitcoin / Bitcoin Discussion / Re: What effect does a growing number of altcoins have on Bitcoin on: May 29, 2021, 06:19:04 PM
I was just thinking, most new projects i.e the altcoins we have today are really not bringing anything new to the table other than enriching the devs themselves, who have these projects milking the life(value) out of established coins like bitcoin which could be the cause of been bearish or the extra load that's slowing bitcoin from going to the moon.

So what could be the long term effect of having more altcoins on the market, will they help build or break bitcoin?

Could exchanges play a major role in ensuring shitcoins don't get to see daylight to protect coins that are established to grow?
No you can’t just stop other coins simply because of Bitcoin. This is a free market and the sky is wide enough for every birds to fly. So you can’t stop other cryptocurrencies to be in the market, they are just there for their own business. It is up to people to make the decisions on what they are going to invest or not. And I don’t think that having many of these altcoins has any effect on Bitcoin at all, it doesn’t stop Bitcoin from growing.

Bitcoin has the largest market cap overall, that’s some huge difference, and that has not changed since the start. And the good thing about having altcoins is that it leaves people with lots of options to choose from and not just only one cryptocurrency.
2745  Bitcoin / Bitcoin Discussion / Re: Why doesn't bitcoin go up higher percentages like altcoins? on: May 29, 2021, 02:43:40 PM
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Yes, that is how it is supposed to be now. Bitcoin used to be like all those altcoins that you’re seeing, and going up more than 50% and 100% in a day, and that’s when it was still new and highly volatile. But, as it keeps growing, things starts to change. The more the market cap grows , the less volatile it becomes.

And the good thing about this is that anyone can hardly manipulate the price of Bitcoin, unlike other coins that can easily be pumped and dumped by whales. But for those people who are looking for 100% increase and more in a day, sorry you’re not going to be getting that.
2746  Economy / Economics / Re: We exited the bear market earler than expected on: May 28, 2021, 03:53:40 PM
The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean. Cool


From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.
I 100% agree because in regular markets those type of deals happen and it is a very long process but here we could have Elon musk type of very famous rich person coming out and saying they will buy 2 billion dollars worth of bitcoin for investment tomorrow and we will see 60k once again in a day. That is how easy it is to increase the price of bitcoin that quickly, however that is not really a solution is it? We should not expect that kind of change in crypto that quickly.

This is why I think we are talking about whales selling as well to balance it off, because just like how Elon did, they can be the cause of going up but they can be cause of going down as well. This is the type of situation we are in right now, bitcoin whales could make it go up or down but at the end of the day the "reason" why it goes up and down could be different but the trajectory is the same.
2747  Economy / Gambling / Re: Stake.com - Casino & Sports - UFC Official Betting Partner - Play Smarter 🥊 on: May 28, 2021, 12:31:21 PM
I do not know how to convert one coin to another, however I have gambled here using other coins constantly, because of the low transaction fee. When you are dealing with something like a casino, the best course of action is to get a lower fee coin deposited to begin with. Almost everyone gets their coins from an exchange right? You give fiat and get crypto, in that same exchange find the lowest fee one and then go ahead and withdraw that and deposit it to stake, gamble with it and then when you want to withdraw it do that again too.

This is much cheaper than having bitcoin deposited to stake and withdrawn from it, that has helped me save so much money. There could be a way to convert as well that I am not aware of but I never needed it so I do not need to learn about it now neither because I would never use bitcoin transactions to begin with.
That's exactly what you should do, people think that converting is a good option but that is like when you have so much money that you do not care about the conversion rate or the costs, normally you can do this a lot cheaper the way you described so that is the way anyone should do if they are gambling with anything under 1000 or even above if they do not want to spend a lot of money on this and save some money.

I personally do exactly as you say because that allows me to save some money plus in this day and age we are talking about a huge amount of money for each transaction and that is why it is not really advised to use bitcoin even for payments.
2748  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: May 27, 2021, 03:40:21 PM


Some news for Liverpool, this year the market will be strange with the Eurocup.
We already have a lot of infos.

Source: https://twitter.com/FabrizioRomano/status/1397176624513261568
Schalke will not be able to keep Ozan for sure but he is not on Liverpool level neither, there are like 30 clubs in Europe that is not at the top level going for champions league after group stages, but also not at the bottom level of their leagues neither. He will certainly be a decent addition to almost all teams that are around 6th to 15th in all top 5 leagues of Europe (Italy, Spain, premier league, Bundesliga, France).

That is why I think it is going to be him moving to another team 100% guaranteed but there is no way that he would go to a club like Liverpool, as we have seen in the last half of the season that he wasn't basically good enough, he was also a bit more scared because that looked like a big deal for him to move there but unfortunately it wasn't permanent. Liverpool got Konate and he is much better and that is why they do not need Ozan at all, that is why this is an understandable move.
2749  Alternate cryptocurrencies / Altcoin Discussion / Re: what you worst experience on crypto on: May 27, 2021, 11:38:06 AM
the first is to be hit by a scam. I am quite sure that almost all crypto users have been hit by a scam, whether from minimal funds to very large ones.
It's unfortunate to get scammed but actually getting scammed once was one of my most emotional moments in crypto. I will share my story quickly. This happened like a few years ago.

So I was messaged on telegram by an imposter that he will exchange my coins, at that time I needed some skrill as I used to bet at bet365 and they don't accept crypto. So this user messaged me from where as he got to know I needed skrill and I sent him BTC since it was only $30 or something I was looking for and I cannot imagine someone scamming 30 bucks until that time. This guy simply took my money and never replied, I messaged him a few times but I had an idea that he won't return so I just did it somewhere else. I didn't block him since I had no reason for that. A few weeks later this guy comes to me and told me that he had his college fees due and was short of a few dollars and hence scammed me. You might think it was a story to cover up his scam but he actually paid me all $30 in skrill slowly and that is one of the sweetest memory I ever have in crypto.

The worst memory and experience I ever had in crypto was when I invested in some ICOs and they never even got to exchanges while they promised a lot. I don't consider selling tokens for cheap a bad memory because it can go wrong either way and it's unfortunate but not a mistake to sell them cheap.
2750  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are undervalued right now? on: May 27, 2021, 11:05:08 AM
If you happen to know of any undervalued coins that are a good long-term investment, please let me know. There could be many hidden gems out there on the market waiting to blossom someday. Once they get noticed by investors and traders, their prices will never be the same.
Right now all coins are undervalued, because of the crash all coins are down too much and they are very undervalued and they deserve to be higher up if you ask me. However number one in my list is bnb because it went down too much and I think it can reach to 600+ dollar levels very easily, that is why I am not worried about what is going to happen with crypto world in the future, I am just going to buy these coins as much as I can afford (I do not have any money left right now, I literally have zero until I get my wage and then I will not have any later, but when I do have money one day and if prices are still low I will buy a lot).

Long story short crypto is undervalued as a whole right now, pick a strong coin, even if its bitcoin, and keep holding it, buy some more if you can afford to, and keep waiting, they are going to go back up eventually for sure, don't know how long it will take but it will happen.
2751  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Elon musk launches his own coin? on: May 27, 2021, 09:52:45 AM
He is free to do that but wondering who will invest in his project? I don't want to make any conclusion but I know the community is already aware of what he does to us, if we allow him to run his projects and support him, it is just like we are tolerating such manipulator to succeed.

Okay, let's have him do it, and let see how his project lying dead. There are a lot of memes coins around and that he probably be making the same as well.
Wait, Dogecoin? He makes another one if that he wants just to divert the minds of the people and might uses another name to cover up his true identity.
The question is not "can he do that" it is about what would happen. I think are way too optimistic, this is the same guy who once joked about "there should be a marscoin" for the future when we are in mars and there was already one, that went up %9000+ in a single hour after he tweeted that, it was obvious he didn't talked about the already existing one but that coin went from 180 bucks per day volume to 250 thousand dollars volume in a single hour.

So, if he ever creates a coin/token that means he is going to end up with a ton of money invested, like serious amount of money, we are talking about like maybe a billion near levels and that is what I think will change soon, that is what I am seeing in the future if Elon ever creates a coin. This is going to be fun to watch, I would never invest but I would love to watch it unfold.
2752  Economy / Speculation / Re: The market has bounced - unexpected on: May 26, 2021, 06:52:56 PM
I'm not sure but I guess Bitcoin won't drop below $30,000 at this current price pace. Infact, even with last week's sell off because of the regulation and taxation issues for Cryptocurrency didn't even drag Bitcoin below $30,000.
I honestly made a small profit after I bought somewhere at $33,000 last week, but I somehow felt regret for not buying more because I also waited for Bitcoin to at least touch the $20,000 level but It didn't.
We are in the same boat but I bought a very tiny amount (50 bucks) because that's all I had. I honestly do not see bitcoin going under 30k anytime soon at all, that was the bottom and we reached it and I believe something huge needs to happen before we could go under 30k. There needs to be a very bad news and a huge sell off again in order for that to happen and I doubt it would happen that quickly. All jokes aside we are doing fine and I doubt that it would happen anytime soon.

However the recovery seems to be doing great and I doubt that it would really matter all that much, there is a chance that we could be seeing over 45k and even maybe reach 50k as well in a month or so.
2753  Economy / Speculation / Re: Is $65,000 the peak of this bull market? on: May 26, 2021, 06:19:17 PM
The next one + $ 60K will have the basis of the $ 50k that will be the next fringe in the first half of June, this without speculative prejudices, we will see if the investors get to keep Bitcoin at + $ 50k.

By the way, with the Current price, the one that sounded more real for these days (or previous weeks) will have a bit of both, natural growth (volatility) of the Bitcoin more the momentum Institutional investors more those that are added to the call of this current price.
I think there was a lot of long futures that got screwed over in the drop and that will get higher and higher and that would mean that short futures would be doing something insane, there are TONS OF short futures and only a few long futures because of this difference and rules of arbitrage says that if you do have a long future right now that means you are going to earn way more than you normally would.

Basically you are betting 1 dollar and other side is betting 100 dollars, obviously they have a better chance but they are also risking so much more. That is why I think it is going to be quite fun to watch the price go up because everyone will be focusing on that. We even started already, and that 50k+ will come as well.
2754  Economy / Gambling discussion / Re: IndyCar Racing Bitcoin sponsorship on: May 26, 2021, 05:45:52 PM
This takes me back to 2014, when Josh Wise on NASCAR drove a Dogecoin-sponsored car on Talladega. I was one of those who made that happen and boy that was quite an experience. I still have the shirt they gave out as a token of appreciation. Man I'm still hoping that huge sporting events like this take sponsorships from cryptocurrencies and allow it to be used on gambling platforms. It's a win-win situation no matter which side you are on. There's a nice viewership to be had for both sides, too.
You made that happen? That's great! I hope so too that we can gamble on such events in the near future.

There are so many sponsorships that some of our crypto sportsbooks are doing like sportsbetio have done with soccer clubs while stake has partnered with UFC so I am really excited if one of them would bring betting on such events soon.

As on date, you can't bet on Indycar racing using cryptocurrency. There are number of gambling website that accepts bet on indycar racing but all of them are fiat. I didn't see any crypto website as on date.
If that's true it's unfortunate that BTC sponsoring and partnering cannot still get them to crypto-sportsbooks yet. But maybe these things will grab attention from these sportsbooks are will have the betting option for them soon.
2755  Economy / Gambling discussion / Re: How to adjust and work with the bet365 live streaming on: May 26, 2021, 04:32:46 PM
Going to try this for sure but recently they have made a rule such that you cannot zoom the window otherwise it will just disable stream. I used to watch a lot of streams at bet365 but it is nearly impossible to watch in that small window, I hope your method works.

I fully agree with the delay in streams, earlier the streams were far ahead and some players used to take advantage of it in sports like tennis where odds change within a few seconds and having an advantage used to give players the edge. Now almost all the streams are delayed but still, bet365 is one of the best sites to watch sports even if they are not as far ahead as before.
2756  Economy / Trading Discussion / Re: what are you investment strategy on: May 26, 2021, 03:44:45 PM
i have tried trading and discovered that i loose my self whenever the market make huge moves . i sold quite early at any bull market and dump at any instant of the bear market. i find it difficult to control my emotions. since this year, i choose to move into farming, pools and it has been wonderful.
That is how the whales are getting bigger and the small fishes are being nuked. When you panic sell, there is someone who makes profit on the other hand and most of the times it would be whales who manipulated the market to panic you.

i choose lending and borrowing as my strategy.
Risky but still a good way to make high returns. You can also try staking of coins.

i FARM ACROSS Bsc to matic and solana. it is a rotation for me. gains from bsc goes to matic. from matic to solana and from solana back to bsc.
Both excellent projects and if I am not wrong Matic was recently merged/bought by another big name and is now known as Polygon.

what is your strategy please. i want to learn more.
I usually invest in upcoming solid projects and once they get listed on the exchanges and the expected price is reached, I just sell them. This is risky though and I myself face loss a lot of times but then other times it works, I get my loss back into profits.
2757  Economy / Trading Discussion / Re: Why you don't need to HODL or trade Bitcoin on: May 25, 2021, 04:59:21 PM
Holding to earn, trading to earn. Both holding and trading has one purpose "to Earn". If you have bitcoin or Ethereum better to hold for long term investment to earn huge profit because that two digital currency will grow more in the future. But in trading, I choose to trade altcoins for short term. It is good to trade good altcoins because it also give you a huge profit in a short period of time.
I have tried this and I will tell you the problem I have faced with holding coins.

1- All the time I was looking at the prices of my coins I hold.
2- I was feeling irritated because I had nothing to do and even if I try and focus on something else, I would have my mobile with me to check the prices all the time ultimately I cannot focus on anything.
3- Within a few months I start feeling mad and I used to get sad when coins were dropping which also led me to take some days off from my office.

I think all this happened because I just invested too much and hence I was worried all the time. People who hold must have a lot of money or they are made of rock that they don't budge even when prices are dropping.
2758  Economy / Economics / Re: Risk of Scarcity. on: May 25, 2021, 04:00:08 PM
Sustainability has been a very long-running issue for us ever since the introduction of civilization. People will hoard more than they can take and leave the penniless suffering. We can see this happening right now, and most likely in the following months as the pandemic carries on. Hopefully we find a way around this somehow because if not, we'll literally die of starvation.
This happened everywhere during pandemic times. People were trying to store more consumables and groceries and some were even trying to store daily needs items. Once the rich start holding these items in bulk it creates a problem for the poor because they neither have the money to bulk up and store themselves to match them nor do they have the money to buy them at above normal prices.

I think there is enough for everyone to survive in almost every country but the problem starts when one's want occupies the need of 10 and there starts the conflict of scarcity. If only a better culture was built, I think the world would be in a better place.
2759  Economy / Economics / Re: Africa needs to fix continent, richest people are politicians on: May 25, 2021, 10:58:18 AM
Sad that a resource-rich country like Africa is having problems and is currently listed as a third-world country because of poor decisions made by the ones that should govern them. Strong anti-corruption ordinances and laws must be passed and implemented in order to ensure the future of this country, otherwise it will just turn into another Venezuela.
I was reading an article where it was mentioned that the politicians and rich people don't even educate their children in their country, which also shows the education infrastructure has a hole to fill along with other problems. And like you said despite being a resource-rich country, it's a shame that they cannot even use the resources to good use.

Politician stole money and invest it in industries the reason why it is difficult to get that of Africa is because of the hunger and poor standard of living. Most African countries operate a democratic system of government. When the time come to make changes through voting. Voters are being bribed and they sell their right for penny
If the politicians are investing in industries it should actually somewhat help the country because it would mean more jobs and a better economy. I think they are investing the money abroad and that is where the problem lies. Maybe their tendency of thinking about themselves is what has killed their economy so badly. There are countries with the worst politicians but they still don't hurt the economy because they spend it within their own country.
2760  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you heard about another meme crypto "StopElon"?? on: May 25, 2021, 06:51:47 AM
The main objective behind this coin is stop Elon from ruining crypto market and downfall of his company Tesla.
This is not the first cryptocurrency that I am seeing that’s talking about stopping Elon Musk. There was one I saw the other day that is called F**kElon ($FELON), and it was also created for this same purpose. I am not going to invest in any of these, these devs are just trying to take advantage of people’s frustration and cash out with it. So I’m just going to pass and nothing much.

I have seen funny coins like this, little things happen and people try to create coins for it and just use it to cash out. Within a short time you never get to know hear of those coins any longer, and they just disappear once and for all or they just stay stagnant and not moving to nowhere. So they are not worth it, but you can still take the risk and cash out.
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