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2781  Alternate cryptocurrencies / Altcoin Discussion / Re: Which stablecoin do you trust the most? on: February 27, 2021, 05:45:30 PM
In my personal opinion, USDT is the best stable coin. USDT on trc20 is very popular at this time. Low transaction fee and super fast transaction. Day by day people are getting engaged on USDT.
Yeah, until the Ethereum 2.0 comes things are looking bleak on the ethereum blockchain and while tron is a good alternative, there are huge number of coins been made on ethereum so people are going to suffer for sometime.

As far as stable coins are discussed, I think the Binance stable coin BUSD is the best option right now because although Tether USDT has a great volume but they never look transparent the way they operate and most of the traders use Binance so it makes sense to use their own stable coin. Frankly speaking none of these centralized stable coins impress me too much but that doesn't mean I don't use them because I have to at times and there ain't any good decentralized stable coins out there.
2782  Economy / Economics / Re: "Looks as if #Bitcoin is eating #Gold". Good idea to buy some Gold now? on: February 27, 2021, 02:00:57 PM
It is true that gold is going down right now. But I don't agree when you say that gold is going down because people are increasingly flocking to Bitcoin. What happening with gold right now is a temporary slump. In the long-term I expect gold to trade at around $5,000 per oz. Gold remains the most trusted and accepted store of value. Bitcoin will take a long time to overtake gold in this regard.
I don't think gold prices has much to do with Bitcoins either. Yes the trend has changed and people might be buying more virtual or online shares as compared to physical assets but that doesn't mean there is any shortage of buyers and investors in gold. The prices for gold are always going up or down without much of a reason.

Bitcoin is not eating gold. Instead it reflect the gold.The price of bitcoin over a period increased some high.Now the price of gold also increased to next level.Many people who holding gold over decade had sold gold at highest price and make use of that money to buy their home.This growth only happen in bitcoin and it's now happening with gold.
Yes, gold is still as scarce as ever and unless Musk finds a planet for gold which I heard in some article, it is going to remain scarce for years to follow. Yes, I don't invest in gold but that doesn't mean I hate or underrate gold investors and holders. Everyone have their own preferences/priorities when investing and gold is still one of the top preferences, Bitcoin has raised in priority no doubt though.
2783  Economy / Economics / Re: Still confused why bitcoin is so bullish? on: February 27, 2021, 01:23:17 PM
Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value. I don't know if it is  a scam or not

Pure supply and demand. Every coin is priced from an expecptation to the future - a perfect combination between micro- and macro economy  Grin
Glad a newbie has better understanding and sentiments for Bitcoin than a member who is using the forum since four years. Actually apart from demand and supply, we also need to understand that why the demand is increasing and that is because more guys are coming into the market while mining almost remains the same which is the only source of supply. What I mean to say is that demand might remain the same for individual but because more people come into crypto, that automatically increases the demand.

But most other people are totally different. I really wonder what makes them to think Bitcoin might be a scam. I don't want to try and change their perception towards bitcoins or cryptocurrencies because if 4 years of stay didn't changed it, I don't think anything else ever will.
2784  Economy / Speculation / Re: Has Elon Musk's twit caused the Bitcoin bubble burst? on: February 26, 2021, 06:43:50 PM
Btc doesn’t depend only on what Elon Musk said
But look at what happened when he did that Tweet. You are right that it bitcoin doesn't depend only on what words come out of Elon Musk but we all know that an influential person can move markets, there is a reason why companies get celebrities to advertise their product and services, they can influence the public to buy their product and services which in turn moves markets.
BTC doesn't depend "only" on what Elon says, that only means a lot. Sure he could increase it and decrease if depending on what he tweets, but if Elon doesn't tweet about crypto for a year, does that mean crypto prices will not go up or down?

Basically it would go up and down even without him, so the fact that crypto doesn't care about what he says is not true, everyone cares about what he says because he could spare a lot of money and buy bitcoin and increase the price, right now we are in a market crash around the world and basically we could have a bad situation for a while, if he comes out and says he will buy a few billion more that would be awesome BUT that is not the only reason bitcoin could go up, there could be other reasons.
2785  Alternate cryptocurrencies / Speculation (Altcoins) / Re: how to detect and discover rise and explosion alt coins ? on: February 26, 2021, 03:17:08 PM
Market price prediction is pretty easy then because most cryptocurrency traders and investors choose project/coin base on the potential and the unique innovation they presented to the crypto territory but that has changed these days because it always about profit-making and following/investing on hype base project/coin.
I think those people are getting into everything for profit reasons will be also the ones that loses the most money during this period as well, there is really nothing in the world that could be simply turn into just "buy, wait a week, sell, profit" because it is not that simple. However if you find something that has potential, unique innovation, and also a use case where there is a reason for people to actually buy that coin, you will be making a good investment decision.

Many think that having a use case is like "a reason to buy it" but that reason could be a horrible reason and even that wouldn't work, so you need to have a reason that actually has a desire able situation for people so that they would buy in bulk, but some coins do it badly. In total, if you could invest into something like that, it means even if it falls during times like these, it will eventually go higher up.
2786  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The future of AME on: February 26, 2021, 02:39:54 PM
Bounty managers have suspended the payment of bonuses after the fifth week of the company's signatures due to high gas prices. Movies have dropped dramatically today, but transactions on the Ethereum network are still expensive. It's hard to say when they will resume reward distribution. But the only thing that worries me is a certain stability of the AME price with not large trading volumes.
I guess not large volume is still quite understandable today, after all we are in a situation where we still do not have any type of sudden increase or need for it, and that means volume is lower, but the price is not that bad, it is still much much much higher than what people assumed it would be.

I have to be honest, I really believed that this would fail, I am not going to lie and just say that I assumed it would fail, the only reason why I believed it was the fact that I wasn't seeing how this use case would actually be used, I assumed people wouldn't even want it. In the end we ended up with something that wasn't that shocking, and this is why we are doing much better as of right now, people actually wanted it and that want created a demand and that demand increased the price which is why the price is higher even though there isn't much volume.
2787  Economy / Trading Discussion / Re: Taking a loan to buy Bitcoin? on: February 26, 2021, 12:58:21 PM
I do not have to read all about your post before I will tell you taking a loan is not necessary. But if you think you can gain from it, you can try but you can expect gain and lose, this will make it difficult for you. I will advice you not to take a loan. The bitcoin market and crypto market generally are volatility, loan is not recommended for it.
I am fully agree with you because we can not believe on this market. You see market now in big correction like 58k$ to 52k$ and suppose you take a big loan and invest in crypto market and at that time market fall like 2017 than what will be do? If you have family than both will be in great problem. So batter you work slowly and store from that and later go for investment. you will be gainer.
For sure and as a borrower you are always under the pump because there is borrowing fees always working against you and it won't let you relax. Imagine if you have $10k loan and the price of Bitcoin drops just by 1k it would give you sleepless nights while on the other hand if you just invest your own money it gives you the pleasure of not panicking because its your own money and you can lose it all and don't have to pay anyone.

I would rather sell my car and buy bitcoins than taking a loan to buy some. Yes there is one possibility which might enable me to take loans and buy bitcoins and that is if there is a humongous bull run going on or something like what happened with dogecoin happens, even then I would rather do leverage trading and avoid borrowing too big.
2788  Economy / Trading Discussion / Re: Trading without experience and knowledge on: February 26, 2021, 11:10:55 AM
there is no way else to experience and gain knowledge but to try it yourself but at least give yourself time to read and how it works. there are several tutorials out there that you can read. learn at least 1-2 indicators to help you decide in buying and selling. you may not be successful at first but you experience it first hand which is important than just asking someone to do it for you.
Yes, learning various indicators is important and what's more important is learning how the market behaves under what conditions. One thing I can tell to people who are new is about correction. At times when there is a strong bull-run going on, you will notice that once it slows down or stops, there will be a correction which will pull back the price by a small margin. Similarly there are lots of things you learn when you trade for sometime.

Altcoin trading can be risky and not much is there to be learned apart from technical analysis of the project which tells you how the project will perform in the long term and how is the scalability and longevity looking in long term but all these things can't still confirm the success since some owners will just stop working once they have raised enough money.
2789  Economy / Economics / Re: Miami Mayor Will Allow Employee salaries in Bitcoin on: February 26, 2021, 05:15:38 AM
A very good news indeed but I don't understand the difference between getting bitcoins as the payment of your salary or getting the money in your bank in dollars and buying bitcoins with it directly. Whether your take bitcoins or cash or bank it does not change the fact that it completely depends on the employee what he prefers and if actually wants he can easily get his salary converted in bitcoins.

But yeah good news, shows there is interest from big companies and them paying Bitcoin to their workers will at least bring positive energy if not anything else and inspires some guys to take their salary in bitcoins.
2790  Economy / Economics / Re: Earning interest on your crypto on: February 24, 2021, 06:40:03 PM
Lending is always not risky if the site is trustworthy. It is not the fact how the valuation is. Because at the same time they are borrower and lender in maximum case. For example: blockchain.com is a lender and borrower. When anyone take loan from them the lender should have to provide collateral.
The problem remains the same though, if you are not controlling the private keys, you are not the rightful owner of the coins. I trust every site and I don't trust any of them depending on the situation. I always check my transaction stats like confirmation,etc on blockchain so ion that sense I trust them but that doesn't enable to me invest my coins under them for interest.

Every individual have their own preference though so I understand as @target said POS is a better option, I don't even agree with that because most of the POS coins lose their worth by the time dividends arrive.

Staking your coins is better than holding it in your bag without getting anything in return, the profits you might get is small but at least you didn't waste your time waiting for the right moment to sell your coin, it's killing two birds in one stone.
Yes, if you hold a coin which can be staked you should do it, but there is a problem of locked funds which means you cannot move your funds in case the market is dropping you are just helpless.
2791  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: How to find the best crypto projects to invest in? on: February 24, 2021, 02:08:43 PM
It seems like the Blockchain you’re promoting belongs to you and not someone else, like you have written a whole page about this project already.

Instead of using a newbie account to be promoting this project it would have been best for you if you used your original old account that can be trusted, nobody is going to trust you with a newbie account, and you hiding behind a newbie account to shill a coin makes it even more suspicious. And next, I don’t just go to any website where people can list projects and just investing in any project I see there, it’s best for us to always do deep research and know whether it’s worth it.
2792  Alternate cryptocurrencies / Altcoin Discussion / Re: what is your worst loss in 2021 bull run on: February 23, 2021, 01:39:35 PM
In any investment, we will get two option, profit or loss. We can not always make a profit with the investment, but if we lose, we can back to profit again someday. If you lose and become sad and not trying to recover, you will not have a chance to recover your losses, and even you will get another loss. You should use your losses as your mistake, and still trying hard and believe that you can recover your losses. You are not alone in getting losses because many people also have the same experience as you, even though they got a big loss. The different is, can we rise again after we got the losses?
When you lose and try to recover you should be careful, you could lose even more while doing that if you are not careful about it, you should know what you are doing and why you lost and how you can recover if you want to go down that route.

You can't just lose and stay sad and do nothing, obviously you should follow that up and try to make money back, however you should first stop all trading, and check why you lost and what is the reason, sometimes it is a silly thing that has nothing to do with you and you were just unlucky, sometimes it is a very important thing and you did something vitally wrong, if you know the reason why you lost money, you will be fine and will probably not repeat that again. That is why I am doing, I usually rarely make the same mistake twice, even though I still make mistakes constantly, trading became very profitable gradually when I removed most common mistakes.
2793  Alternate cryptocurrencies / Altcoin Discussion / Re: Online Education, the future of learning? on: February 22, 2021, 07:06:32 PM
I rarely seen someone use it but i guess there are people who have been using student coin platform instead ledu platform. Ledu platform is a dead platform and so many people were feeling disappointed with it.
I think that this coin has no users too and the telegram group is not so active.
You will be feeling difficult to search someone who has ever used that platform. Almost zero daily volume and the price is always dumping to the bottom.
I personally will call that as a scam platform.
The reality is that during this period places like khan academy and udemy increased the number of people who signed up and bought a class. Those are the two biggest one and specially udemy which is teaching a whole lot of stuff but they are teaching the freelancer jobs as well, all the freelancer jobs you can find in the world are being a class there and many of them as well from bad free ones to expensive great ones and since people are at home, some of them have jobs and work remotely whereas some people didn't even have a job, so everyone who had time realized working at home is a great thing so they started taking those classes so that they could be great at a thing that they could work from home and that is why those places get more attention.

Will this move towards for kids and regular school? I do not know but there is a possibility but it is certainly harder to handle when it is 7-17 year old kids.
2794  Economy / Trading Discussion / Re: Unable to trade because of my nationality on: February 22, 2021, 06:28:05 PM
So I tried registering with binance and I verified my account using my Sudanese passport, and it took half an hour for them to block my account. So I tried contacting customer support just to wait in queue for 7 hours and after finally reaching them, they informed me that my account was locked for good because I am Sudanese and Sudan is not a supported country and they can't help me. I then proceeded to explain that I was born in UAE and that am currently residing in Ukraine, I also told them that I verified my account using a Ukrainian phone number and a Ukrainian email. But they refused saying it doesn't matter where I reside as long as am sudanese they can't provide me service. So I went ahead and read the tos of other big exchanges like coinbase and asked their support, but they also said I can't register due to my nationality.
I am not sure which exchanges accept members from Sudan but you might want to try decentralized exchanges like uniswap or others because there is no KYC needed and no restrictions.

One thing which surprised me is why Binance even accepts members from Sudan in first place if they are going to reject them later. I mean during registration itself they can ban or restrict the IP addresses that are from Sudan and its pretty easy to be honest.

Anyways there are some centralized exchanges which might accept you but my advice would be to avoid them because exchanges which don't have restrictions also don't have any license and legality most probably. Either go with p2p trades or just use a decentralized exchange which although isn't user friendly but looks like the future.

By the way you might also use exchanges like changelly .. not sure if they require KYC but I used them many times and haven't verified anything yet.
2795  Economy / Speculation / Re: When Bitcoin is going cross $60k? on: February 22, 2021, 05:56:04 PM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?
You could never know what is going to happen, but not knowing what is going to happen is not a reason for not being ready neither. I personally have zero clue what is going to happen, and I have seen my coins go nearly 10x now and I could have easily gone away and sell all my coins, I bought at around 6.5k and that is about 9x increase so far and going even higher as we speak, which means I could sell right now and be in very very much profit.

But I am not, why? Because I could have sold it at 30k as well but I didn't and made more money, could have sold at 40k and could have made more money, people called me greedy and I will lose all my money for being too greedy and I still didn't sold and still made a profit when it went over 55k+ as well. So long story short be ready for a fall, do sell if you are in big trouble, but otherwise just keep holding as long as you can.
2796  Economy / Speculation / Re: BTC to $100K is inevitable on: February 21, 2021, 06:58:48 PM
Why? Because the way the world goes, people will want to see BTC at $100K. And after that, they will want to see BTC at $1M.

BTC is the future, gold is the past.

It's all possible folks.

I'm a HODLer since 2013 and haven't sold a bit. If I can do it you can do it too Smiley
Yeah I too feel like there is a chance that bitcoin could go up even more right now, but back in the day when it was 20k I sold my coins in 2017 and got out lucky, why did I sold at the peak during that period but not selling it today? Because it is obvious that there are bigger players involved this time around compared to previous times.

We heard microstrategy and grayscale news first when bitcoin was around 10-15k and price is 50k right now and they are still looking to buy more and more. Other companies started to get in as well, so at the end of the day I am not really sure what we are going to do but I feel like we are doing fine so far. Of course it is not going to be easy to hold the price here, there is a chance it could drop drastically, but we are fighting against that with the huge companies buying constantly which means $100 will be get-able with respect to current power of bull markets.
2797  Economy / Economics / Re: Great reset is done on: February 21, 2021, 04:41:39 PM
Collecting allies is indeed the factors with this war, no longer the old fashioned way but more on economic rivalries, China as we've seen
the progressive approach got a lots of financial capabilities.
And that old fashioned war is what I am never going to be accepting lol, it’s better they battle it out economically than going for a face to face war which would destroy everything including innocent lives. Although I’m still yet to understand what this Coronavirus is all about and whether it was created in a lab as some people keep saying.

I had an argument about this with someone, I told them that Coronavirus is just another type of virus that came out from nowhere, but they refused and said that it was created in the lab and released by the Chinese or whatever. They seem to be right in some way, if you check it. Seems this pandemic was just part of the economic war, and a way to give them the upper hand.
2798  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you feel, Looking at the Bullrun market? on: February 20, 2021, 06:22:34 PM
As of the moment I don't feel good with the bullrun happening in the market because of the fact that what I am hodling is still not having its bullish rally. I am hodling XRP and still waiting to fly it to the moon. However, I am hoping that sooner it will definitely make its bullish momentum knowing that many crypto enthusiasts are still trusting XRP.
I don't want to sound pessimistic but XRP has a doomed future in my opinion because of the de-listing from coinbase, the lawsuit they are facing and the tough questions being asked by Securities and Exchange Commission (SEC) and if it was going be solved, it should have been done by now already. I like XRP no doubt because as a user the importance hasn't dropped but as an investor the value has dropped for sure.

there's still enough time, the SEC decision would be the changing factor of this project, once the developers manage to escape from this case then bull will follow but if not, then expect the other side.
If they actually manage to win the lawsuit which I hope they do but think they won't, the value of XRP might even cross $2 or even touch $2 in coming time.

I hope ripple soon allows users to move and spend the coins that are locked for activating an address.
2799  Alternate cryptocurrencies / Altcoin Discussion / Re: Question about new projects on: February 20, 2021, 05:51:04 PM
It's very simple. Because most of the projects you see here, are scams aimed to scamming the forum community.
That is one reason and another important reason behind creating token and doing ICO is because these new projects don't have the capital to back and build their idea so they seek funds from public and in return we get tokens whose value is later determined by how well the project performs and how useful the product is.

On another note, in a pvt investment pool which i participate in, most of the 10x - 500x gains projects have never ever seen the light of day on this forum
Yeah, not all the coins and tokens know about this forum and don't have the time to create and maintain a thread. But that said, Ethereum is like the biggest altcoin of all time and they created a thread here which means this forum is still one of the best ways to let the bitcoin community know about your project.
2800  Economy / Trading Discussion / Re: What advice will you give to a beginner trader? on: February 20, 2021, 05:01:29 PM
From my own perspective, you will learn in every stage of trading and you should go after gathering proper trading knowledge how to survive in the market. It will help you for being more patience and will keep you optimistic that you will be succeeded in trading.
I would say don't look to survive in the market because when you have the mentality to survive your trading decisions will be defensive and more towards avoiding loss rather than being pro-active and taking minimal risks and looking to end trades in profits.

As a defensive trader you would be happy selling your BTC at 10k which he bought lets say at 9k but a more pro-active trader would wait a few extra months and rather sell it for 20k or even more. Sometimes I understand we have to avoid taking risks but this crypto space is all about being ballsy and taking risks.

If you have enough balance and you can afford it while your strategy fall, then you may go for trading. Don't put all in one, spread your budget to some coins or tokens then you may able to make it proper distribution that will help you to involve more in trading.
Again, on the contrary I would suggest going more towards a single asset and that too Bitcoin because all the other coins are not worth investing when the bitcoin market is going bullish.
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