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2981  Economy / Trading Discussion / Re: who actually moves the price of bitcoin? on: January 14, 2021, 09:54:10 AM
One more thing, ppl should really not forget are the BTCUSD Futures. Banks are interested, in pushing BTC price down, as they are the ones with the biggest harm if a decentralized money system would take over the world, right? So in Dec 2017 the banks came up with BTC Futures and shorted them like hell... what happened? right, 2018 happened Cheesy over time, the banks closed their shorts, which equals in "buying" the futures contract. So I would be careful with buys right now, and wait if the banks who have nearly infinitive money at hand, are trying to short BTC futures again, and this way makes many ppl. sell their BTC as well, what would only accelerate a possible BTC drop. I am not saying this is what is going to happen, but it certainly is a possibility.

So Banks and their Future Contracts have a big interest in moving BTC as well.
I wouldn't really say that banks would want bitcoin to fail, mainly because banks are getting involved as well. Think of it this way, if they try to make it go down, they will have to work hard on it, and since governments are already taxing and allowing bitcoin, that kind of means we are not really in a bad situation neither in public usage, so it would be a very big task for banks to stop it.

However if banks decide that instead of fighting it, if they decide to use it and make more money with it, they could use it in a bad sense. Obviously banks main purpose is to make money, and how can they make money? They could simply just buy bitcoin and wait? They will not do that, they will definitely do a whole "buy bitcoin" thing and you buy bitcoin from them, but then they will package a 1000 bitcoin deal together and sell that too, and then have 100 packages of the 1000 packages and sell that too, basically they will make money from bitcoin going up or down, doesn't matter.
2982  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: January 13, 2021, 05:14:32 PM
Schalke success get first winning last match and I think will not going on for this week because Frankfurt is not easy team for Schalke and keep favorite and predicting with Frankfurt get three point in this game, maybe Schalke wanna wake up and far away from under down position and keep wanna back on the top standing fixture, Schalke will get difficulty when faced with Frankfurt and my prediction score Frankfurt will win 2-0 from Schalke,
That is about what I thought as well. Schalke already got their first win, I doubt they would be capable of actually pulling off another one so close, they could very well have multiple wins by the end of the season but not back to back because if they were a team that could get back to back wins, they would have done that already and wouldn't be this bad.

On the other hand Frankfurt is a team at the top half of the league so they should win easily, Frankfurt is not a great team but they are definitely not bad neither, it is a middle type of level.

Hopefully we will see a win there. Between few games I have this week, Frankfurt win would top it all off very nicely. Leverkusen versus Union Berlin is probably the best one to watch this week, they are very close and both are very good teams, it should be very entertaining game for all bundesliga fans.
2983  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: January 13, 2021, 04:06:45 PM
If players like Marcelo and Ramos leave Real Madrid, Mbappe will not be able to make up for the lack of Ramos and Marcelo. Real Madrid will have to suffer for a long time if Ramos and Marcelo are left out. The main reason Real has been playing well without a good striker so far is because their defens and midfields were strong enough. Now Zidane is strengthening the forward lineup, making the midfield and defense worse in return.
I am sure if players like Ramos and Marcelo leaves, Real Madrid will not be going just "hmmm our players are gone, let's put my uncle in there", this is Real Madrid we are talking about, maybe they will not find a player that good, maybe they will find someone even better we do not know, but they are going to find players who are great by world standards for sure.

They had marvelous players 10-15 years ago when Ramos started, we all remember the Los Galacticos period, and then they moved into the benzema ronaldo ramos period after that, well ronaldo is already gone but when marcelo and benzema and ramos type of players are gone, they are going to find another great generation and pay whatever they have to to keep it going. So I do not believe Mbappe will be nothing, he will be the cornerstone of the next generation of greatness for the team.
2984  Economy / Economics / Re: Bitcoin - Institutional Investments in 2020 and beyond on: January 13, 2021, 01:39:57 PM
Apart from that of Square and Microstrategy, I am just getting to know about the other institutions you have mentioned here; Tudor, Ruffer, Mass Mutual, and One River are still new to me. I have seen someone create a list like this and I don’t remember seeing them mention any of these ones that you have mentioned, so that shows that there are more to this.

I think you should do more research, there are still a lot of other companies that are investing in Bitcoin this year. Although I’ve never really liked the idea of these institutions because I prefer that Bitcoin is being by more individuals than institutions holding it in buck.
2985  Economy / Economics / Re: Tesla overtake Amazon? on: January 13, 2021, 06:48:04 AM
Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19
I have seen this news on Bloomberg and I think it’s about four days ago that Elon musk became the world’s richest man. But, yesterday I saw another news on Forbes that he has dropped from the first position after losing about 14 billion dollars value; this is what I saw on Forbes and I know whether this is true or not, but we all know very well that Forbes is the source that most people relies on for information like this.

Anyway, this isn’t really a type of news that I like to follow, I really don’t have the time to care about who is the richest and who is the poorest man in the world, it really doesn’t make any sense to me lol.
2986  Economy / Trading Discussion / Re: How to trade after all time high on: January 12, 2021, 04:46:29 PM
The market revision could fairly be going on straightaway, not know when however this is certifiably not a smart thought to enter the market during highs. At the point when value succumbs to brief timeframe you should purchase and sell in a more exorbitant cost. You need to accept the value how down it will fall than just submit and purchase request at that rate.
Yes, it is not the smartest idea to enter into the market at a all time high but with Bitcoins it might not be the worst decision because the price always exceeds expectations, at least that is what we have seen in the past couple of years. Investors stopped when the price was around $25k but now sitting at a much higher value we can easily say that investing at $25k wasn't a bad idea.

You may want to wait for a dip or a small bear run to occur but it might never happen given the popularity bitcoins have gained over the years and after the recent adoption by PayPal it is even more popular and easier to accumulate than before.
2987  Economy / Speculation / Re: POLL: What will be the ATH in 2021? on: January 12, 2021, 03:54:59 PM
I am interested to know where you guys think the bitcoin price will go in this bull cycle until the end of 2021?
What will be this year's ATH in US Dollar?
Positively speaking, 100k might be reached although it still looks hard because the market cap of Bitcoin is so huge that it takes massive investments to double it up and yeah we have seen a continuous bull run so far but at some point it has to stop realistically speaking which then might be followed by a correction and even a dip.

I am not expecting too much but all I wish is that the price doesn't drop too much if at all because when a bear run starts it creates unease despite knowing that it is temporary it still feels terrible. I would rather have a 40k fixed than having reached 80k but a drop to 35k. Lets see how it goes moving forward but guys don't panic if a small dip/correction happens anytime soon.
2988  Bitcoin / Bitcoin Discussion / Re: Do not be too happy on: January 12, 2021, 02:14:38 PM
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
Nah, I have never been happy about it, because I have been seeing how these companies are buying up lots of bitcoins with their huge money and I don’t really like it. What you said here is what I have always wanted, I want Bitcoin to be more distributed to individuals and not even companies.

Although some are happy because they only care about how much the price will increase as companies continues to invest their money in this market. But will these companies hold their assets forever? They definitely would not, because they will want to sell at some point, and since they a huge position, it will affect the market seriously.
2989  Bitcoin / Bitcoin Discussion / Re: If a BTC portfolio gains millions of dollars... on: January 12, 2021, 01:42:40 PM
If a BTC portfolio gains millions of dollars, is it really that easy to just sell them on the exchange? They just let you deposit millions into your bank account? Or what do you do when you want to cash out?
That’s quite a lot, I think there are things that you have to put into consideration before you talk about selling such an amount and withdrawing it to your bank account. First is that you have to know what your bank account can take, and sometimes I have seen people withdraw too much and have their accounts suspected and frozen and they have to answer questions for it. So you have to put hat into consideration. Then that aside, there are some exchanges that will ask you for KYC verification once the amount you want to sell passes 1000 or 2000 dollars, unless you have plans to make use of DEX, but you have to be very careful. Though I have seen someone sell a close amount with P2P exchange or you can sell it bit by bit.
2990  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: January 11, 2021, 06:08:23 PM
I don't know about those members that gamble their earnings in signature campaigns but that would be harder for them too. The price of bitcoin is getting higher and higher and I think that could make them regret that they used those funds to gamble. We are still also affected by the pandeimc which I hope we all could get through.
I do not think there should be any regrets because its not like you lost your entire salary of the job into gambling, it is just some extra dollars you earned which you then spent on gambling and even if you saved them you would have not done something too big with those funds. Its more like regretting about spending your pocket money as a student on something useless.

For some of us this kind of question might be personal but I'm happy to answer it. For me I used all of my earnings purely on playing gambling games well I think I have the skills on playing sports betting and I can multiply it.
So the question is are you able to actually earn something with sports betting? I have been a long time thinker that sports betting is easy but when I actually got into sports betting I realized how difficult it is to actually predict outcomes and play against a massive house edge.
2991  Economy / Gambling discussion / Re: Do you ever bet on SRL events? on: January 11, 2021, 10:51:43 AM
I've known about simulated reality matches for a while now, but they weren't of interest to me until I once noticed that the odds can be more attractive there than on the real match. So I've placed my first SRL bet today just to have a start:

I think such events gained some popularity when the real matches barely occurred, but are they popular nowadays? Have you ever placed a bet on one? Would you consider them more "pure" than the real matches since they account for many factors and then let the program to its thing rather than rely on real people playing in out in the field?
I used to bet on such events when lockdown was implemented and there were no sports apart from some table tennis games and some e-soccer leagues which both were terrible so I used to bet on these events on cricket and tennis SRL but frankly speaking these events have no resemblance to original events and anything can happen like Djokovic might be defeated by number 100 ranked player in SRL and there is nothing you can do.

I used to believe that there are certain players who do well against specific players but these SRL does not take into account those things it seems, similarly players who had a terrible IPL are making tons of runs in these SRL matches so no similarity and it feels like a big house edge based casino to bet on these matches.
2992  Economy / Trading Discussion / Re: Does Trading have an advantage over investing?? on: January 11, 2021, 09:58:44 AM
Trading or investing ..does Trading pay more than investing
Trading has a few advantages over investing but it also requires you to have a keen eye and sharp reflexes specially in the crypto market where the market can swing in any direction within moments.  Trading is better because you can earn recurring profits while in investing you have to wait long periods before you get the expected profits, but that said there are risks in trading if you are inexperienced while if you invest, all you have to do is to wait and believe in the product.

Both have their own advantages and drawbacks but personally I love trading and in times like now when the bull run is going on, you can easily make profits even when you are not so good at trading.
2993  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ripple XRP Price in 2021 on: January 10, 2021, 06:29:58 PM
it seems that the ripple case had quite an effect on the xrp price and some exchanges closed their xrp trade, So I think XRP is struggling enough to climb higher, but then again we don't know what will happen someday.

now it is necessary to have confidence for investors to keep their funds there because XRP management seems to often do things that are detrimental, because if this goes on, it can be ascertained that a negative impression will be embedded in XRP and will bear risks.
XRP has been like this ever since it was created, there is absolutely nothing shocking about people still investing into XRP, I guess there are tons of people who have a tons of XRP that keeps it up, considering Ripple worked with banks and other big financial companies, I assume they bribed them with a ton of XRP as well, since it was premined as a whole and Ripple can have as much XRP as they want, they could always give like 1 million XRP as a 'gift' to some Bank CEO during the deal process.

I assume those powerful people might be more interested and keep it up, that is just a guess though, I don't know what is really going on. However for the past 5 years, XRP has been top while Ripple keeps ripping people off, no idea why investors are fine with it, no idea why people like a centralized coin that takes advantage of the users, but I know that this new increase wasn't a shock to anyone who has seen what happened in the past 5 years.
2994  Economy / Economics / Re: Second lockdown due to covid19 is painful on: January 10, 2021, 01:29:35 PM
The only countries that'll have a second lockdown once the new COVID-19 straint is confirmed, are those countries that are continuously lacking in proper risk management in this pandemic, we don't need vaccine to prevent the virus, New Zealand is one of the great example, we just have the wrong Government that's why we're still on a lockdown after almost a year already. An early travel ban would be a great precaution to prevent the new straint coming in your country. However here in the Philippines, they always says that no travel ban would be applied unless there's a confirmed new COVID-19 straint, how funny is that.

Luckily, by the voice of many people here, they are forced to put a travel ban for everyone's safety (at last).
Honestly lockdown is kind of very important when you are dealing with coronavirus so I can't say I agree with you guys. However prevention is the second stage as well so you are right on that part.

We should had just one big lockdown, like maybe 4 months of it, the governments should have given companies and people enough money to survive that period, made the very basic places like groceries or so working so people would get their needs, and after that we would have seen very low numbers. I support "that" lockdown.

However after that, we should enforce very harsh mask rules, anyone who doesn't wear a mask should be charged with involuntary manslaughter, that way we would be saying people that if you are not wearing a mask, you are involuntarily killing others, at least in the law book it should be that way, and we should provide health and masks and disinfectants to everywhere and everyone for free, government gets out taxes for this purpose so we should be getting it back.
2995  Economy / Economics / Re: Is corona virus crisis changing economical equations around the world? on: January 10, 2021, 08:30:13 AM
Of course this makes changes in economic statistics in a country and each country has a different way of dealing with it, of course developed countries and their economies that were originally very good and stable will be easier to update.
but still they need time to do that, because everything is not easy and has an impact on the global not only 1 or 2 countries.
While every country is suffering from it and yeah the damage done is different for each country but actually I am surprised how China came out so clean despite being the first victim, they never had the worst numbers in terms of deaths and cases.

These times actually helped political parties to hide their horrible economic situations behind the corona virus because the damage done by virus is being enlarged and shown to us while the actual damage is not as much. Now they are forcing the vaccine to their people despite knowing that not everyone can afford it, neither the virus is as deadly as it was a few months before.

Anyway, this pandemic also influenced the digital currency's market and changed it.
When stock markets are not performing well, investors do not have big other options except gold and cryptos kind of "alternative investment opportunities". So, pandemic is having its own consequences on crypto space as well.
2996  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Play Smarter 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: January 09, 2021, 07:20:48 PM
Just found and read about this article of 2020 Crypto Gambling Awards
Stake won 4 categories on this Awards as we can see below:



Winner for the best dice site and sportsbook, runner up for the best live betting and esports.
What do you think guys? Is this awards reliable enough?
Are you agreeing with the awards won by Stake? Or you have different opinion on which category Stake is the best?
They deserve those awards and there are no complaints from me about the legitimacy of them winning those awards and being a runner-up. What if stake manages to get all of those awards and that's going to be a landslide win for them. Runner-ups and winners are very common casinos and they're known in the crypto gambling community.
I can 100% guarantee you, whoever gave these awards (no idea what bitedge even is, worths zero to get these awards) they have no idea what they are talking about. The live betting winner, is not even runner up on sportsbook? Those guys are literally the best sportsbook you can find online, and I am not talking about just crypto. AND they won the best casino instead of stake, and stake won sportsbook instead of them, like they switched places.

It is almost guaranteed that stake is a better casino place, whereas they are better sportsbook place, the awards should literally be exchanged. Nitrogen as the runner up of best dice website? Really? Like come on man how the hell do you put nitrogen as the runner up for best dice website? At the end of the day, whoever judged this from bitedge, probably never gambled in his life, otherwise he would have known he is wrong in at least half of these awards.
2997  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: January 09, 2021, 01:17:28 PM
If you do not have the discipline to hodl what you are buying then the best that you can do is to buy the amount, put it in cold storage and put it in a case with all the necessary details to access it then lock it somewhere that you will forget to look at.
Cold storage is the way if you don't intend to use your crypto often, thus a long term hodl would be ideal for cold storage. With this bull run you never know... Though, I would recommend being on top of things as the markets can change drastically
If you do not have a huge sum, having a cold storage makes no sense at all. I personally do not have any hard wallets or anything, I just put it on my local exchange and metamask, you know why? Because it doesn't really warrant any cold storage at all, I have very little amount. This is why I personally feel like anyone who has under 10k dollars should keep their money on a trusted third party which would be a lot more secure and financially viable.

Let's assume you found one for 100 dollars, but you have 300 dollars in bitcoin, what are you going to do buy one and have 200 dollars in bitcoin? Or keep the 300 dollars bitcoin and pay fiat? I would rather have 400 dollars worth bitcoin instead. Basically all I am saying is, if we do not have a huge sum that makes it sensible to buy a cold storage, there is no reason to worry about having your money in binance.
2998  Economy / Trading Discussion / Re: How to trade after all time high on: January 09, 2021, 10:01:34 AM
Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Here's when the stop loss features become most useful, since you know the possiblity of a retraced is certain, you can always put in a stop loss at the previous all time highs and continuously increase the exit point as the trades keeps breaking new highs. This goes for all the cryptocurrency and not just for bitcoin.

With alts though you should be very cautious as what tends to follow such milestones is, traders securing their profits by cashing out which if you're not careful you'll be dumped on and since there isn't any certainty of an alts rasing again due to the numerous numbers in the industry, you might end up holding a shitcoin that has lost value.

Bitcoin on the other hands tends to increase more after previous all time high is been reached just as we saw with it breaking the $20k trading price few weeks back.
Stop loss when going down, but also maybe profit trailing when going up as well. That way you would know when to sell in a stop loss situation, but you would know when to buy when it starts to go back up. Just to give a simple example, let's say price is 40k, and it dropped to 37k right? You could have a stop loss at 39 (for example of course nobody puts a stop loss that thin) but it reached 37k, so you should buy buy at 38 to make a profit again.

These numbers are all made up of course, I do not trade that thinly for example, my current stop loss is at 28k for example, which means it has to be a huuuuuge fall for me to get out, but I would also have a 24k and 20k big buy back after that. So you have to realize where you are going, plus I would have one at 30k in case it goes back up right away too. Stop loss is important but what you do afterwards is equally important.
2999  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which DEX do you believe will be the most used 2 years from now, and why? on: January 09, 2021, 09:02:56 AM
Based on data on Coinmarketcap, the top decentralized exchange site that is ranked number one is Uniswap. I agree with this data because of
all the DEXs that have sprung up today the one that is very active is Uniswap, and also the trading volume at Uniswap is also very high. So all
this time, if I want to use DEX, I always make Uniswap my first choice, but if in the long term I predict Binance DEX will be the most popular
and widely used. As we know, the best and most used CEX is Binance exchange, so I believe that in the future Binance DEX will be the best.
That means Uniswap is the highest listed one, not the one that is going to be the best, it just means most used right now. I feel like in 2 years there could be a new one, but I think Uniswap has a good chance as well. Probably I would go with either Uniswap or maybe a new one instead, that is what I am thinking.

Uniswap made their listing that high by giving away a ton of money to people, they didn't even decided that price because they just said "it should worth this much" and people agreed, which happens very very rarely but apparently they did such a great marketing that price peaked over 8 dollars for a while. Which is why I think it is going to be awesome for Uniswap in the future no doubt, it will be either best one, or at the top levels for sure. However at the end of the day I still think just like how Uniswap suddenly became big, there could be something that comes along and beats everything.
3000  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP Price After Lawsuit? on: January 08, 2021, 07:17:40 PM
Yesterday, CEO Ripple said they are trying to settle the created problems with SEC. After this news published in few medias, XRP price surges more than 30%. I hope they can solve their problems. News link = https://www.coindesk.com/ripple-tried-to-settle-with-sec-ahead-of-xrp-suit-ceo-says
now i know why ripple recovered , thanks buddy .

 once again this proves that news really have a big influence in the price and this isnt an ordinary news or fuds made by someone but the statement comes from ripple ceo itself  and there would be also look outs and they are the fans of xrp ,

this make them decide if what is the best thing to do and that is buying and continue hodling .
It didn't really "recovered" all that well. Let me put it this way, XRP was 22 cents at the start of 2020, and right now it is 32 cents, which is an increase for sure. However ETH was 130 dollars and now it is over a thousand dollars, about 1.25k right now for example. You can check all the big ones and you will see that type of increase in all of them, BNB went up a lot, Ltc went up a lot, tron did a bit, eos did, many others did, almost all crypto went up at least x3 and some of them did 10x increase like ETH did.

So, increasing just 50% in a huge bull season is not really a big increase, it is not even recovery, it is just common logic and that's it. Of course XRP got hurt, SEC came down hard on Ripple because they were using a fake made up currency of their own creation to move money around, that's a big no no in the playbook.
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