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2921  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A Big Secret of PANCAKESWAP (CAKE) Coin (Speculation of CAKE coin!) on: March 22, 2021, 05:21:37 PM
This is what we have been talking about being decentralized, the price is decentralized from anything and will be whatever. Uni is used this much or cake is used that much, those things do not matter when it comes to prices, it is bought and sold and that is the only way the price changes.

Definitely cake could be used more and because it's used more the price could go up because people will be buying more, but that doesn't change the fact that we are talking about actual buying and selling as in trading, those people will do whatever they want and even though they are influenced by these things, it doesn't mean that they are connected 100%, like price doesn't go up suddenly if there is a new user, that is why I think it should not be seen this way neither.

It is definitely something to keep in mind, cake is growing bigger, but that doesn't mean that the growth rate has to be equal to how much it's used.
2922  Economy / Economics / Re: How much can you make by saving and compounding on: March 22, 2021, 04:49:55 PM
Compound interest is great, but with interest rates being so low, it is not an Inflation beater.  Roll Eyes

It would have been interesting to see if someone made a comparison between someone buying $100 worth of bitcoins every month, since 2010 and someone saving $100 with interest in a Bank with compound interest.  Roll Eyes

I bought bitcoin when the price was between $300 to $400 and I sold some of those bitcoins at $47 000 ..... Do you think compound interest would have given me higher returns on my investment if I simply left it in my Bank account with compound interest? (Noooo way in hell)  Grin
Compound interest and investment are different things. You still made more money than anyone made from investing as well, but what you should compare is buying a stock and holding it or buying gold and holding it, those didn't earn that well during this period neither but if you were smart enough to pick the right stocks you could have made more than compound interest in the banks as well.

Compound interest in banks is something only the people who are not sure about what to invest does, they prefer safety and they do not invest it, they just leave it there to accumulate, they are not after making a profit, they are thinking "well the other option was making zero", because they are not investing it. But you invested into bitcoin, you took a risk, and that risk is zero in compound interest, which is why you deserved more money when that risk paid off.
2923  Economy / Economics / Re: Bitcoin could win the currency war on: March 22, 2021, 09:22:11 AM
I see that bitcoin will benefit immediately (already doing so) from a tailwind of irresponsible money printing, but more than that, I see it benefiting from the silent economic wars in which even the theoretical winners may end in a sea of debt that, once again, will be paid printing monopoly money.

Ray Dalio phrases the opportunity: “And you have a situation when there is a rising power challenging an existing power, there is competition, and there is a risk of war. And so how they deal with each other, whether there is a greater good or whether they are fighting with each other, is the defining moment.”
That depends on what you mean by Bitcoin winning the currency war, if you’re talking about it becoming the main currency that the world will be using that’s not going to be happening but as for becoming an alternate currency that a lot of people will rely, I believe that’s going to happen and it is already happening as there are so many people who are now making use of Bitcoin to send and receive money, though as of recent it has been an issue as the fees that are required to be paid before a transaction is confirmed has become really high and people are considering different other options. So, right now it’s more of an investment.

On what I am sure about is, regardless of how many people will be adopting bitcoin and whether bitcoin will be winning the currency war or not, I believe bitcoin will remain as one of the prominent payment option for its unique feature which means bitcoin will conquer all finance related wars over the time Cheesy.
2924  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: March 21, 2021, 07:16:18 PM
I think you are drawing parallels which should not be drawn currently.
GME saga where the retail investors are against hedge funds who have exchange's under their thumb is different ball game . They are trying to get the stock down and profiting by doing so. Bitcoin is seen as people's money but the general idea with btc is fight between people and government which is printing money like crazy not people against hedge funds.
Who do you think governments print that money for? It is the same hedge fund managers that got the money and same banks and so forth that got all those printed money. When the world was in danger and economy was crashing governments print money and give it to corporations to continue operating and not bankrupting, while not paying the people a lot of money. Reality is that we have seen about 3.4k or so per person right?

Well, corporations have seen 3 trillion dollars total, I do not know how it was distributed but it could have been nearly 6k per person more money if that money was given to people but governments were afraid business' would go bankrupt and instead of giving it to people they gave it to companies. So, basically bitcoin was created against government that ruined fiat to help hedge funds that fights with wall street bets, all ties together and all are in a war.
2925  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 21, 2021, 06:37:33 PM
~
Where have you seen that the platform is allowing you to sell your tokens to other users?  Huh
I'm sorry but I wouldn't call that an exchange, even less a spot exchange. The platform is just offering you to buy your token or to sell some at one determined price, you are not taking orders from other users or making ones to offer them. That's not an exchange, I would call that more a swap.
This must be your first time reading about Direct exchanges (DE) and I can understand your reaction.

I have to admit that I only knew about this term when I read a blog from Binance. You called it swap while I would normally call it as currency converters similar to money changers.
There are many of these places in touristic locations, you can find currency exchangers, if you go to Paris there are tons of them around, in many islands of Greece as well because so many people go to their beaches as a vacation as well (unfortunately not for a while due to covid) and in those places, let's say you have dollars, you can change it to euro, or if you have any other money you can change it to euro there and that way you could spend their money and it would help you a lot.

I have done the same, went to Ukraine, they had their own currency, I had dollars, first I exchanged 100 bucks and then when it was getting lower exchanged another 100 bucks and so forth until my vacation was over. This thing we are doing with Fun token right now is basically the perfectly 1 to 1 same thing and that is why I do not think that there is anything shocking about this exchange.
2926  Economy / Gambling / Re: 🚀 Sportsbet.io - Official betting partner of ARSENAL FC 🚀 on: March 21, 2021, 06:03:30 PM
I believe its all about timing and performance. Its not about the players they have entirely or who have the better or compare it with the squad value, there are other things as well like strategy and so and so. In Spurs vs Arsenal , Spurs had a 1 goal advantage but their approach of letting Arsenal deep into defence and keep attacking them costed them. It was same with Zagreb, they let them keep on taking the shots. I think there are some approach that needs to be change now inside Spurs.

I would say compared to Mourinho, Klopp is doing things much better. They keep the possession and they keep on attacking. Yeah it sure is hard time for Reds without their main man in defence and their attacking not working as well but they sure are gonna find something if they keep on attacking.
Yeah, attacking is the best defense. I fully agree with this. Almost every team in the Premier League plays attacking football. I think the most important strategy is, after digesting a goal, to come back to the truck very quickly and counter-attack. If someone fails to counter-attack very quickly, it is difficult to get good results in the Premier League. Playing defensively in the Premier League can win very few matches.
Plus Liverpool is at least still in the champions league and facing Real Madrid right now, that is not a bad way to move forward. Tottenham lost to dinamo zagreb 3-0 in order to get eliminated, that was a shocking result and 9 out of 10 times zagreb fails to win that game that much, but that one time happened and it should be a big wake up call for all Spurs front office and president.

Do not get me wrong Mourinho is definitely a decent manager, he could build the greatest defensive team there is if you give him the right players, but Spurs had so much great attackers that went improperly used and that is why I think this is going to be something different, he just didn't used the players properly. Firing him shouldn't mean that he is a bad manager, it just shows that the team and the manager wasn't perfect fit and the result wasn't good, he could still go somewhere else next year and become even champions, all he needs is a team that fits him.
2927  Economy / Trading Discussion / Re: Stop Loss influence in massive dump on: March 21, 2021, 05:33:26 PM
Stop-loss is the guarantee that you'll be safe from huge losses but I don't think it is a need to do that when we are a full-time trader or when we are facing the computer. Maybe that late reaction isn't long enough for the price to dump 5% or 10% that we might miss...
The presence of a stop loss for a trader is a prerequisite for trading. Of course, there may be unforeseen circumstances that are beyond your control, such as a power outage or a short-term lack of internet. In such cases, if you trade with margin, with a sharp decline in the price, your position will be liquidated by the exchange.
I think stop loss is an automatic thing, so internet outage or power outage should not mean anything, you put stop loss into the system itself not into your computer or something. It means as long as the website continues, you are free to do whatever you want, if that wasn't the case stop loss wouldn't mean anything while you are asleep or eating or outside doing something basically whatever else you are doing as well and not just during periods when there is an outage.

Reality is that there is stop loss in many exchanges and you end up using that for spending time outside of crypto doing whatever you want without problem and that is how you end up getting better, you can be asleep, you can be doing whatever you want, there is zero worry, why? Because you can do whatever you want but that stop loss is there to protect your money for you.
2928  Economy / Trading Discussion / Re: How To Protect Yourself In This Situation on: March 21, 2021, 05:02:28 PM
Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?
Well, it happened and what you can do is to just look for other opportunities to buy in again and then start looking ways and hoping that you’re going to be able to recover what you have lost. It is just how this market is, it is volatile and the risk is too much that you an be losing even when you least expected it, so it’s best to just be trying till you get what is right for you.

Stop loss, good thing about it is that you’re not going to be losing so much of your money, you’re going to be able to break the losses from going really further, and then you’re left with the chance of going for the hit again
2929  Economy / Trading Discussion / Re: Trading View Plans on: March 20, 2021, 05:53:21 PM
Wow, I'd never thought that there is a kind of trading plan like this. I'm not sure if this will be good to try and I'm wondering if there is someone who would like to buy this thing. Because for me, I ignore this because it is in y mind that these people are just like me, they can make TA and I can do the same. The fact that everything is unpredictable, these TA or any trading signals are worthless, they can be sure as well.
I think these plans exist for extreme newbies because we all know in crypto trading we just need to analyze coins and invest at the right time. If you are a starter at trading then these offers might be worth a try but they must not be scammers.

Anyone who will try this, I'm just to say that just be cautious. Never hook up yourselves for them.
They have a demo too so maybe they are confident people will buy the real pack after the demo.

if you are good at reading charts and doing the trading as your full time job then go for the highest package available but for me free version is more than enough.
Yeah, if we add the 3 plans, it will cost $100+ which I think one would buy if they like the starter plan. I would rather take that money and start trading myself and learn by making my own mistakes.
2930  Economy / Trading Discussion / Re: Why Bitcoin price is so volatile? What are the major factors that drive it? on: March 20, 2021, 09:12:28 AM
I believe that unregulated markets will always be volatile, because there is no stable situation in human nature, we always like to play big and make big decisions, because we do not want to make 10% per year and get rich in 30 years, we want to get rich right away today.
Oh well said, and I really like the word "unregulated" because once the markets are being controlled and regulated, stability is attained but the possibility of growth also reduces to a large extent. I laugh at the prospect of a government controlled crypto coin because it is more like banks moving to blockchain but still not accepting decentralization.

It'll be impossible for bitcoin to be stable, it could lose the heat of it's volatility  but it won't be lost completely since that's what makes the market very attractive.
Yes but like there are stable coins and even they have a tiny bit of volatility associated with them but it's rather negligible and I am afraid with time and more adoption we will actually lose the volatility aspect of bitcoin completely.

Once the uncertainty or volatility is vacuumed out of the bitcoin market, it just becomes the stock market.
2931  Economy / Speculation / Re: By 4/20, the price of bitcoin had rising to $69,000? on: March 20, 2021, 08:18:27 AM
$69K by 4/20.

69 and 420. Elon Musk, is that you?

Sorry, but where exactly did you get that exact price and date lol? Let me guess, probably a meme on Reddit/Twitter?

But to answer your question just increase this is 100% serious, a move from the peak of around $61,200 to $69,000 is just approximately 13% increase in 30 days. Knowing bitcoin, though I really won't bet on it, that's definitely nowhere near impossible.
I agree that it is definitely based on a troll number choosing. However lets be honest, we are close to 69k aren't we? I mean we are nearly at 60k right now, and 20th of April is not that far away, just a month later, so people who joked about it actually started to make sense, for the first time ever we are actually quite close to it. If you ask me seriously, I have to say it is quite the possibility that we break over that price for sure, we may not be exactly that number but we could definitely be reach and go pass that price.

Yeah, there is no guarantee in the crypto world but it looks like it is something that we can achieve if we have another bull run, that is why I do not doubt anything that could happen with this situation, I just think that numbers are only picked funnily, we could be above that price before or after the date and be higher or lower during that but it is just possible, that's all I think.
2932  Economy / Speculation / Re: Microstrategy keep buying bitcoin. How if they become the biggest BTC HODLer? on: March 20, 2021, 07:43:13 AM
There is a lot of room for much greater profit...so why dump when there is right in front of their hands the deal of the millenium.
If there were the average traders or what so ever they would minidumps to lower the price and gather more BTC (or whatever)....but this carries a risk ...if they try to exploit the Crypto market they might get it to crumble...so they buy in ridiculus high price to maintain the momentum.
There is also the fact that when they are making money, they will keep holding it and if there is a depression and prices of things go up and markets crash, bitcoin could be still going higher, and that is why they could be investing into bitcoin and not selling it.

Let's assume that something like 2008 happened again, markets crash, stocks go down, gold and oil goes up, there is a big turmoil, there needs to be trillions printed again, who gains profit from this? Bitcoin does, sure stocks will go back up as well but you would be in bitcoin way before and stocks would go down and back up while bitcoin just goes up and up and up, so that is why these companies will keep holding even on the worst days and they are holding on the best days as well, there is no reason for them to end up selling their coins, not right now, maybe if they have a reason to sell individually because of some money need.
2933  Alternate cryptocurrencies / Speculation (Altcoins) / Re: "People who have invested on ETH soon will be poor", said CZ #BSC on: March 19, 2021, 05:55:56 PM
Quote
Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.
ETH 2.0 is promising to resolve the issue and DeFi death call is a good contributor.
Defi will not die, that is not even remotely possible anymore, it is in there and will not go away, this is not like ICO or something where coins are created and sold by the teams with a promise of being higher. Sure there are some stuff like that in defi world as well, many projects that just copy other projects and try to make some money from it as well, but the reality is that many only care about the real projects that people use. How are you going to kill uniswap? Pancakeswap? And many other swaps like that?

Those are good and used because you can trade coins from one place to another, and that is why it will not be going away anytime soon. There is nothing we should be worried about in the defi world because it is not only created but also used a lot, the way it is used is the main reason why it will not be going away anywhere any time soon.
2934  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How you can determine the expected price for a new altcoin? on: March 19, 2021, 05:18:52 PM
There is nothing wrong with putting a small bit of money into something that you suspect could go up, I personally do not put that much money into new altcoins because even if they look good, others may not believe the same thing you do. You have to realize first days of a coin is not the real value of the coin, it is what people value it for being new and they make crazy moves, after a week you will see the real price of the coin for sure but first 2 days is very crazy.

If everyone agrees that it is a great coin there will be a lot of buys and it will skyrocket but it will go to a price that is so high that people will end up not even believing the price should be that high and even if they like it they will still sell to buy later from lower. If they think it is a bad project they will sell their airdrops and price of a coin will keep dropping the worse it gets.
2935  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB every20min|⚡️$3.5 mln Staking pool|⚡️$150K BNB event on: March 19, 2021, 04:40:41 PM
Almost 100% voted for merging. Do you think bounty hunters voted mostly for merging, to get more sat from daily staking, or people voted, because they wait for listing and hope that bfg (btc) are going to first on sale?
It doesn't really matter who voted and what's their motive for voting.


Btw, why almost all boxes have disappeared, and only today new bnb box appeared? Where are old btc and eth boxes?
I wasn't able to monitor all the ETH/BTC boxes if they were sold out. Maybe some were not bought because of the rank/wagering requirements and Betfury decided to remove them. They probably saw a higher demand for BNB boxes that's why they kept selling it. I don't really mind whether it's BTC/ETH/BNB or TRX as long as they do not impose high/strict requirements.
Who voted for what matters a bit, I agree that it is not the only thing that matters, hell it is not even the main thing, but it matters just a bit. Who voted for what would allow people to realize what people vote for and why they vote for it and when you understand it either you join them or if you disagree you can at least know what people around here thinks and act accordingly and make your decisions based on that. Like I said it is not the only thing that matters, but it wouldn't hurt to know.

I agree with the boxes thing though, these days changing one coin to another is as simple as it gets so I do agree that we should not be worried about any coin choices, any coin would be a good coin if it pays well, that’s why boxes are bought so easily and so quickly, that’s why instead of choice of which coin, people focus on returns and the requirements.
2936  Economy / Gambling / Re: Stake.com - UFC Official Betting Partner - Play Smarter 🥊 on: March 19, 2021, 09:29:45 AM
Judging from their partnerships with a mainstream sports personality and the UFC, I guess yeah.  Sportsbet is right up there too tho.  Their banner and logo could be seen all around the weekly EPL matches which is a huge thing.  At least for me being both a fan of the EPL and BTC...  I’m guessing F1 will be the next thing to go to.
Those are the two biggest ones for sure, nitrogensports and cloudbet used to be the biggest back in the day but they have not improved their system and just stayed exactly the same without any change which really hurt their chances to get better, which is why they are not doing that well right now. I knew that they would be going down eventually, I knew that they wouldn't be good, why? Because they never update or do anything, they are exactly the same website and only the games change each day and that's it, sometimes they do promotions too but absolutely no change on their website.

Stake and Sportsbet not only improved that and became better, but they also increased the exposure as well, we are talking about premier league, UFC and many bigger things around here, F1 will definitely happen as well, so this two place will corner the whole crypto sports betting world soon.
I think it is all about tech, because tech world keeps improving, I can 100% guarantee that if stake or any other website stays the same for more than 3-4 years, they are going to be left behind, and there is a dilemma there as well because whenever a website gets a new design people hate it first and want the old one back and then they get used to it.

I think stake will improve a lot in the future, it can't stay like this, it will have to have a new update in few years (probably in a year or two) and that will be great, and in about 2025-2026 we will have another, and another in 2030 and so forth, that is how business work you can't just stay exactly the same and hope that you will still be liked when there are brand new places with amazing different things getting your customers. However for now stake is doing fine, sportsbet as well, they are at the top currently for sure.
2937  Economy / Speculation / Re: We are going to lose 20% today on: March 18, 2021, 05:08:24 PM
You do realize that we not only didn't reach 45k, but even went up and now above 58k as well right? Guys go check OP's account, his last message was saying bitcoin will be 45k and he didn't message for days since. It is obvious that we should not be considering anything remotely close that level happening anytime soon and it is obvious that OP was a troll as well. Obviously the topic looks like a serious discussion, will we be 45k or will we not fall that much, that is a good topic to discuss, but do not be fooled by trolls and speculators.

I honestly think that there are people out there in the world who buy bitcointalk accounts, buy twitter accounts.. well "rent" them and just make it say that bitcoin will go down, if thousands of people both here and on twitter and other social media places start talking about how bitcoin will go down, people may believe that, do not be fooled that easily.
2938  Economy / Speculation / Re: Bitcoin back to $ 10,000? on: March 18, 2021, 04:57:44 AM
i just done some calculations
of all the UTXO(coin movements) 6.8mill coins of the 18.6m circ shifted in the last 6 months. where over 75% moved while the price was over $37k

75% of active movers(last 6 month active users) wont wont to sell at a loss below $37k

minin costs minimum cheapest cost is about $22k so miners on the most efficient asics wont sell below $22k. and hobbiests with higher costs wont sell that cheap.
infact hobbiests with higher mining costs will stop mining if it went down to that level and just buy like crazy as it would be super cheap to just buy instead of mine if it goes below their higher personal threshhold

so there is really high support/resistance. to let it drop below $37k and even more support pretty much all active bitcoins that will not sell below $21k

..
in short. forget $10k.... 22k is the ultimate bottom now. and a good chance $37k is a good strong support
If that 37k is the right price and you calculated right, that would mean a lot, we would be basically doing a lot better thanks to actually having a decent bottom this time.

I always said that we are in a different situation during this period, people kept talking about how in 2017 we increased a lot and in 2018 we decreased a lot but they are forgetting that we are in a situation where people literally bought bitcoin constantly during the last 6 months, whereas in the 2017 world we weren't over 4k until November and reached 20k just in December, so in 1 month we increased more than 5x and that is why the drop was simple as well since people bought bitcoin a lot cheaper, only a few people bought bitcoin high during that period.

Compare that to today and people bought bitcoin a lot more expensive these days because it has been increasing for a lot of months this time.
2939  Economy / Economics / Re: No Joke - Elon is now "Technoking" & CFO is "Master of Coin" on: March 18, 2021, 03:51:38 AM
The guy has always been a weird one, he was never a normal person, well which normal person ends up building a space rocket and an electric car when no other focused on building one, and even other weird stuff he is doing right now. Those were seen as stuff that made him "revolutionary" but the reality is that he was just a weird guy and has always been one. Go watch any of his interviews and you will see how weird he is as well, it is not like he was ever known for being a regular person.

Crowning himself technoking, and naming his CFO master of coins was one of the most normal things he has ever done, there is nothing that is weird about this considering dude has sent space rockets into space and then landed them back on earth, that seems more weird, even the way he talks looks a bit weird and all the things he has tweeted even before crypto things started was weird as well.
2940  Economy / Economics / Re: Is there subject to study Cryptocurrency ? on: March 18, 2021, 03:07:20 AM
I know that some countries in our world is already studying about cryptocurrencies or how it works, their government also included it in their education system to be teach in the students for it is the future currency of the world. But in my country, it is still not included as a subject for the students to be learn but there are some companies that accept it as a payment for online transaction/s.
I don't think cryptocurrencies have been added to the education syllabus or anything yet although the blockchain technology might be the future and should be taught sometime soon. A lot of countries are still not ready to legalize Bitcoins which clearly means that they like the blockchain technology but they haven't opened the arms for Bitcoins and other cryptocurrencies yet.

My national government remains neutral on bitcoin and cryptocurrencies.  Hopefully in the near future, cryptocurrencies will be closer, more familiar to everyone and future generations will get acquainted with all cryptocurrencies with a subject subject of the ministry of education release.
Being neutral is as good as acceptance actually because having a neutral view towards Bitcoins simply means that the people who trade and invest in crypto cannot be penalized in any way while in some countries like India, they are going to even punish users if they are found to hold any kind of cryptocurrencies, which sounded very weird to me but the source wasn't very good either. maybe the decision is still pending there.
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