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2961  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Token. on: May 10, 2021, 05:51:40 AM
Some of the Telegram groups that I'm in, talks about this Shiba token. I'm not sure if this is just another jab at the DogeCoin meme, but still, it's fun to speculate with since it's a joke, to be honest as well. There are a lot of people that could deem this token as valuable, and others couldn't. It's all based on what people value it for.

I see that it has its own Shiba Swap, which is exciting, but I think that it wouldn't hold any traction.
2962  Economy / Trading Discussion / Re: Cryptocurrency, now a fast rising trend! on: May 10, 2021, 03:48:26 AM
(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.
I agree with all those things but I would want to emphasize the part where there are differences between the rich and normal person. The best way to look at it is to be neutral with the profits. Not looking at the value but looking only at the percentage because that's where you will see the actual progress one person has made. Sure there would be differences in capital and how much money it has but that's only making the person more greedy in terms of wanting to have the same "gains" but the fact that it's only the same in percentages.

Then discriminate with what a person has or can afford to lose. As long as the mentality is there, I believe they will become successful.
2963  Other / Beginners & Help / Re: Significance of crypto currencies on: May 10, 2021, 02:38:50 AM
You do mean like means of exchange, right?

I think that the best thing that cryptocurrency has done is allow earning money. There are lots of ways like.
  • Offer services and be paid with crypto
  • Mining
  • Lending
  • Trading

There are a lot more, but I think it's the most common.

It's the people that give it value, not in the essence of the crypto itself. It's permanently attached to something to provide it with value.
2964  Alternate cryptocurrencies / Speculation (Altcoins) / Re: EOS could it skyrocket? on: May 07, 2021, 02:12:52 PM
I remember it's one of the altcoins that pumped around 2019, IIRC. It was priced around $1.9, and it pumped into $8, which was a great pump. It's not one of the OG coins and has some dApps as well. I'm not sure if it can compare to the recent pumps with other coins, but it seems that the safest way to do it is to invest in it with something you can afford to lose.
2965  Other / Off-topic / Re: GOTCHA HAT aka Jake Paul! on: May 07, 2021, 03:39:05 AM
Does he even have that kind of goons? Well, I guess that's just the perks of having no problems with money and fame.
How could he not? He’s had beef with 50 Cent and spends all his time in gyms with his team of fighters. I would be shocked if the guy doesn’t have multiple “goons” on the payroll. You see how his bodyguards just moved Jake’s out of the way like they weren’t even there? No threat to them whatsoever.
I mean yeah but no one person would admit that he has and I did see it and I think he wouldn't go that far to "kill" him. Jake might have struck a nerve with Mayweather or something because it's kind of disrespectful too. With that in mind, you know it's all part of the plan. It's all about the hype. More money for them.
2966  Other / Off-topic / Re: GOTCHA HAT aka Jake Paul! on: May 07, 2021, 02:30:18 AM
Does he even have that kind of goons? Well, I guess that's just the perks of having no problems with money and fame.

Anyway, it's probably another "event" to hype the coming fights that they may have and stir up even more speculations and let it be talked about by many people, especially on the social media stage.
2967  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Algorand? on: May 06, 2021, 05:53:39 AM
When I saw this, I immediately checked their website, and upon skimming the site, it seems that they are interested in the future of finance, which is a lot of coin offers. It appears that they have a lot of different applications in their system. It seems exciting, but it's just another type of ETH, right? I don't know. I think of it that way as well.

It would be hard to overtake ETH with its current situation, and it had put ETH on the pedestal where no other coin can reach it. It would be hard to beat for sure. It's just that ETH has more power behind it in terms of support applications.
2968  Economy / Trading Discussion / Re: Futures leverage trading advice requested on: May 05, 2021, 08:09:42 AM
I believe it will vary depending on what exchange you are using. So since you are using Binance, you would refer to fees within this link.

https://www.binance.com/en/support/articles/360033544231

For sure it would answer most of your questions with this. Check it out.
2969  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin is now being pumped with BTC on: May 05, 2021, 04:59:30 AM
That's what I have thought of as well. Most of the coins that are pumping are inversely related to the direction of BTC. I guess this could be a great indicator of what you could do next towards knowing that it has pumped. It's scary to think about when it will go down, but it could be rewarding to ride the wave as well.

It's close to reaching $1. I think it will be close to it but not that close then go back down around $0.2 I guess.
2970  Economy / Services / Re: [WTB] Cheap Ubuntu VPS on: May 05, 2021, 02:55:01 AM
The only VPS hosting that I know of right now that accepts crypto is RouterHosting. I have tried it for around a couple of months and decided to go for another provider.

2971  Economy / Trading Discussion / Re: Cryptos VS Apple on: May 05, 2021, 02:32:41 AM
I know the current market capitalization can have a hard drop in the future, but right now is impressive to see it over $2T.
Would this drop be caused by people cashing out or just turning into another asset in the future? Once they have realized that it's profitable to keep it in crypto, that will stay, I think unless another tragedy hits or something.



Comparing a company to projects/protocols isn't even a good comparison in the first place. And knowing that Bitcoin takes a huge chunk of the total marketcap to start with, it would probably make more sense to compare bitcoin to gold than a company.
I agree with you on this one. You can't compare it, but if we're talking about just "Assets" in general, it could be there could be an overlap of some sort. If you look at it fundamentally, it's different, but if you are looking at numbers and what they mean, I think it's okay. I guess the OP shows that there are many investors in the crypto market in terms of value only, not because it became like that in the first place.
2972  Economy / Trading Discussion / Re: HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY on: May 05, 2021, 01:46:03 AM
It would be hard to get statistics on that particular aspect because I think no one wants to show their failures and doesn't want to publicize the data that they have gathered on their failure. How would you even determine the success of a project? Is it the amount of HODLers? Or the market cap that it has? Many factors could choose that, and I believe not every project is willing to show that.

What you could do is determine the top 100 coins right now and see why they are on top. Determine if there's something that they have done differently. From there, you could decide what you want to get on those data.

The top 100 coins are the real winners here.
2973  Bitcoin / Bitcoin Discussion / Re: When will the Fiat slaves from Old school Investment companies get Bitcoin? on: May 04, 2021, 04:31:32 PM
That's what they are probably scared about, change.

It's almost always the next step that they don't fully understand or don't want to dwell with the current technology that we have today. It's just that you're correct. They want profits and enjoy it in their pockets. If people didn't start waking up from reality in which that there is more power to them if they choose crypto instead of fiat, then we're probably still at a low point with crypto prices, namely BTC. But thankfully, a lot of people are following and are in the highest range, and we have to thank the institutional investors who had invested a portion of their assets into BTC.

That's an outstanding achievement. Don't the old-school people see the essence of crypto? Big businesses are adopting crypto. If they feel like that with BTC, then they shouldn't trade companies that are involved in crypto as well. I just hope it turns everybody around.
2974  Bitcoin / Bitcoin Discussion / Re: Charlie Munger hating on bitcoin on: May 04, 2021, 03:12:30 PM
They just have hated BTC from their words from before. This link is a video from Warren Buffet, but they are technically the same with the same belief system.

https://www.cnbc.com/video/2018/05/07/buffett-bitcoin-is-an-asset-that-creates-nothing.html

It's basically what they would like to say because they can't fathom what it does in reality. All they know is the old school ways that have been proven with years behind the asset, but since BTC is still at its infancy and still have not yet given the proper thought to everyone, unlike what they are investing in, it's not going to be put in their brains that it's a viable asset.

Maybe what they don't understand is that you can have digital assets right at your fingertips or in your mobile phone and think that it's non-existent or just created out of thin air since it's digital. It's never going to work if they are closed-minded like that. They would stick to the basics with their fundamental analysis. Not so much on the technical analysis.

I thought that they would change their minds once it has sky rocketed from before, but now, it's just not going to work for them.
2975  Economy / Scam Accusations / Re: primedice scam 2021 eposide 2 on: May 04, 2021, 12:41:44 PM
I don't know what to cringe at, and it's the effort that you put in but has a lot of errors (in the post) or the effort that his friend forgot his email address and password. I don't know how he even got registered if he can't open his email on it. It's just that crazy to think about. I don't know.

To prevent this kind of happenings, I think it's best to have your password manager remember all the passwords and have security by having different passwords in your account.

If you are worried about being hacked, then add another layer of security, 2FA.
2976  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BSC wallet to make many BEP20 addresses? on: May 04, 2021, 10:13:10 AM
I'm not sure if this is correct, I know that you can implement a browser extension with chrome with Binance Chain Wallet.

Or I'm not sure on this one as well, maybe this link could lead you somewhere. https://docs.binance.org/smart-chain/wallet/ledger.html
2977  Economy / Scam Accusations / Re: IP address belonging to a scam researcher on: May 04, 2021, 08:17:30 AM
Any proof towards what they did or something? I'm just looking at it at a neutral perspective. Imagine just posting a random IP address and saying that it's a virtual computer used for scamming.

What can you do, btw? Knowing those addresses? They can just put it up on another VPS or something. It's still best to find the actual culprit to prevent future attacks.
2978  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin no longer relevant? on: May 04, 2021, 07:58:19 AM
It can never be irrelevant knowing that it's the actual market. Imagine that you need to buy BTC (ideally) to get involved in crypto to avail another type of crypto. Yes, you can get different coins directly, but most people would understand that if one person says they want to get involved in the crypto space, it's "BTC," which comes up to mind immediately.

Look at the different markets in different exchanges, and there is their market with their coin, BTC markets, and other relevant pairs for you. It's almost always going to BTC.

For BTC maximalists, it's not going to work, and it's always going to be number 1, and I don't think it's going to happen anytime soon. With the scarce supply and characteristic to HODL, the investment makes it even more valuable.

Just HODL BTC and HODL other coins but remember that BTC is always going to be relevant.
2979  Economy / Trading Discussion / Re: You could die from trading. on: May 04, 2021, 06:38:05 AM
You know, a lot of the problems that traders encounter is the feeling of Greed. Experiencing a very high-profit win in one trade makes it feel like you could earn within a small amount of time. It's the best feeling, and it's best to hold on to that feeling. But the problem now arises when it becomes a habit that you want to do that every time and when you cannot, it becomes mentally abusing yourself and making yourself emotional.

I have known a lot of people, including myself, that has become emotional with trading. The small amount of movement and paper losses becomes a thing that occupies your mind, leading to stress. I think it's best to acknowledge that you cannot have everything, but you can do your best to become profitable. It's best to be physically fit and mentally fit when engaging in these kinds of activities.

That's a significant pain point with traders, and I believe one solution to that is to have a trading bot, like Gunbot, and let it do your trading and monitor it from time to time. Understand that it's not the short-term gain that we are looking for but in the long-term one.
2980  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BNB to $1k? on: May 03, 2021, 03:17:29 PM
If somebody just traded BNB at the time of Abiky's posting, they would be up by 10% by now. Not bad lol.



Anyway, I think the potential of BNB is still at its early stages. If you have some extra money that you are willing to invest, I think it could be a great asset to have. Just like what I'm doing. This is just my opinion and not to be taken as financial advice.

Just imagine this, knowing that the #1 Crypto Exchange has their personal coin and what does #1 people have? It's value. That's just how I look at it now.

Until it doesn't lol
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