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3061  Economy / Economics / Re: Enticing customers to make payment with crypto. on: June 01, 2022, 08:18:51 PM
This is a great way to encourage people use crypto to pay for the products and services they will avail. Discounts and freebies are proven to be an effective way of marketing. However, this won't be possible if you'll do it for the long run. Sustainability of this movement is blurred since you'll still have to get profits in order to maintain your business from running. And having continuous discounts and freebies could put your business at risk if you won't be able to plan and organize since the discounts and freebies have their costs too.
Freebie would be a bit of a trouble since if it's free then how could you get people to use crypto. But, if you do discounts or like "pay 2 with crypto, get one free" type of freebie then it may work. But, it is not shops responsibility to make crypto more popular.

Like let's say wallmart, one of the (if not the biggest) biggest market chains in the world, if they start accepting crypto, it is cool for us and we can use it there, but why would wallmart care about everyone to use crypto to pay? That will not happen and we are going to just have the same amount of people who use crypto give or take, a few may check it out, but it won't be a major change at all.
3062  Economy / Trading Discussion / Re: The Legendary Formula of Dip = Opportunity on: June 01, 2022, 06:40:42 PM
Peeps, seriously everyone needs to pull their thoughts together when it comes to situation like this in the market. After all either market crashes or it goes up and all of us has to do is one god dam thing, you just hodl your crypto tight, either move them to stable coin economy to stop the losses.
You have to take into account that we constantly have an influx of brand new investors who know very little about what is actually going on, and instead of first researching what exactly it is, they invest first hoping for overnight profits. Some will succeed, but most will pay the price for their negligence and haste, although they could have protected their investment by devoting only a little more time to it.

In light of recent events, I would not call stablecoins a safe way to store value, as these are (mostly) fully centralized coins that can be frozen no matter where they are located. Technically, $1000 in your bank account or home safe is safer than $1000 in a stablecoin that can become unstable or frozen overnight.
That 1000 in your home or bank account being safer than 1000 in USDT is something that not many people realized so far. It is the truth, why would I trust a company called Tether, more than I trust my bank? I trust bitcoin and crypto because I know that there is nobody at the top of it, well there are some altcoins right now which do have creators and CEO's but I do not invest into them anyway.

So, when we are talking about something decentralized versus something centralized, I will pick the decentralized one, but here with USDT versus USD, we talk about centralized vs centralized and I would trust my bank way more than I trust tether company, not even close.
3063  Alternate cryptocurrencies / Altcoin Discussion / Re: Another example is how greed destroy crypto investors. on: June 01, 2022, 05:22:48 PM
It's really sad what happened to you so we know how you feel now, especially those like you who have also experienced that, I think almost everyone here has been through that. But what's worse is that we don't learn because we can't be content. I admit that that has happened to me a few times but in a different way but the concept is almost the same. The one for me is in NFT gaming, which sent me to FOMO and hype. There is no one else to blame but ourselves unless we are directly deceived. We have nothing else to do but accept and always remember so that it does not happen again and again.
I agree, we all have that kind of situation in the end and there is nothing that could be done to stop this, we can only limit it. I know for a fact that we are going to end up with something that will be a bit more selfish, and hope that even though we know it is risky, we could take the profit during the increasing period, and leave before it's rug pulled and let the bomb explode in others hands.

I am not too upset that sometimes it explodes while we are holding it. We deserve it, and we lose money there, but then we learn from it and we get better at it as well, that is how we should approach these things and not any other way, it would be a lot better.
3064  Economy / Trading Discussion / Re: If Bitcoin drops to $8k on: May 31, 2022, 12:49:49 PM
If the bitcoin price drops below $8k then I will be enthusiastic about taking advantage of this opportunity by buying more Bitcoin.I think there will be a lot of people who will do the same to take advantage of that opportunity if it happens, with a note depending on their financial capabilities. Before investing you also need to set a threshold of money you want to use. suppose you don't have to invest all your savings in crypto. As I said according to the financial capabilities of each individual and do not have to sell all the properties that you shouldn't have to do.
This is precisely why it will not be 8k at all. I would buy too, and the other person too, and the next one, we all would buy, meaning it can't be 8k if we all buy. There will be some super rich people who will put in insane amount of money as well and that will make it go super high. Just focus on where you can buy at the time and do not have "dreams" about buying even lower.

I would love to buy it at a lower price but I know that it won't be that low, there will be ton of people who will buy before me and make it higher before it reaches there. This is why I am buying right now, and any other time when the price goes down. That way I will profit in reality, instead of dream about 8k price.
3065  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Proposal for LUNA on: May 31, 2022, 11:16:23 AM
In the meantime, we know that the Binance Exchange has stopped trading for the time being. New Luna Trading has started. They did not do any kind of banning and they said those who were Luna holders could do as a new Luna Airdrop. The amount will depend on when this Luna was purchased. He assured that all investors would be given 10% airdrop for those who bought after the destruction.
They will basically be giving away something that means nothing, and then telling you that it means something. This is basically the same shit as it was and just painted. There is nothing new about it, and it is boring and it should never be considered as a good thing at all.

I believe that we should be staying away from the current situation, I know that it will not be a simple thing, and many people will believe that there is money to be made from it, but the reality is that there isn't much money to be made from it and you are going to just lose. Many will even join thinking it will be a bad idea, but they could get out before losing money, but they will lose too.
3066  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether loses 10 billion dollars on: May 31, 2022, 05:53:34 AM
When the market collapses, there there will be panic situation among the investors this is natural. In this case, whales or big investors always try to be safe. Thousands of big investors have lost what Luna did a few days ago. If a stable coin ends like UST, it will have an effect on the market. Investors are now thinking about the same that has been done in the market with Luna. If there is any doubt about any other project, they will withdraw their money from it, this is natural. but I don't think there will be any such problem in Tether.
The difference between whales and us is that they have money they could lay back towards, whereas we do not have that. Imagine a situation where someone makes 30k a year in the USA, that person is a poor person, it would be SUPER rich in my nation but in the USA that is not enough. And this guy managed to work in UBER for his excess time, basically have no life left, and use all of that to buy about 50k dollar worth of bitcoin recently.

Same period but we are talking about someone who has 1 million dollars income yearly, and he invested 50k as well and has a lot more left in other stuff. Which one of them would be able to feel relaxed when bitcoin goes down? Simple answer, right?
3067  Economy / Economics / Re: CBN to stop circulation of Naira note on: May 30, 2022, 09:58:36 PM
African banks can be so tiring and a big problem, should they think of how to reduce the poverty rate killing her citizens, rather than imposing more hectic stuff's, basic requirements are not provided the least Africa barely have access to a good phone not to talk about a good internet access and electrical power. I bid to the people of Nigeria not too fall for that cheap move, money laundering done are not been tackled yet they claim to impose shit.
They are just hear nor there and taking the people for the ride. Now the important things are neglected because they want to conduct election and re-elect themselves back in while the schools are shut down because of payment of fees and whatnot. This is a painful situation in Nigeria that has the resources to make the people happy. They are particular about bringing the youth to a standstill. Jobs are not there after you have graduated from high institution, the youth can't contribute to national development yet the slogan is the youths are the leaders of tomorrow.
Every nation has a lot of trouble with their politicians, that is the nature of politics. I mean if you are interested in politics and want to be a politician, then there is a good chance that you will end up with a problem, no regular person would want to be a politician and succeed if they are normal, only the ones who are corrupt will get high.

So, Nigeria is facing this issue, the people at the top could be corrupted, I do not know but I know politicians and almost all of them are corrupted, and this crypto deal and how they are approaching towards Naira could be because of this, if they are not making anything, why let it happen.
3068  Bitcoin / Bitcoin Discussion / Re: How many BTC is in circulation? on: May 30, 2022, 09:14:16 PM

You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.
They are lost at the moment like if you forget the seed of your wallet or password of the drive there are still chances that they can be recovered and brought back to circulation but we should assume the only lost one's which have been burnt through OP_Return command as they are invalid now.So there are approximately 4 million coins which can be back into circulation if the owner found or remember their password/seeds of wallets.

But yes if people are careless in backing up their funds with security then supply will initially reduce as there will be very few mined and it will take another century to mine the remaining 2 million coins approximately.
That "lost" coin logic is a bit skewed though. Meaning, if it wasn't in circulation, it didn't matter to the public anyway and it didn't changed the price anyway. Meaning, if there is 1 million bitcoins that have been with someone until today, and that person exists (not like satoshis 1 million) but they never put it in the market, then if that person loses it, that didn't change the price at all since it wasn't on the market anyway.

What it does is that the fear of that person selling is gone now, that's it, and that fear may cause some people to invest more clearly and trust it more, but that amount wouldn't be too much so it won't change the price all that much.
3069  Bitcoin / Bitcoin Discussion / Re: El Salvador will be the richest country in the world in 8 years? on: May 29, 2022, 09:44:07 PM
What about the sufferings that whole country will face for 8 years. AFAIK, Salvador start buying btc when it was over 50k and that's the biggest mistake they made. Everyone loves to jump in the boat when market is going up. If Salvador coolest dictator have so much faith in bitcoin then why not he bought btc when it's bearish?
They are buying right now during bearish period as well. You may dislike him, I personally do not know him, I have no idea if he is a dictator or not, I am not very well versed about El Salvador at all. However, from what I can see, only thing I know about him is buying bitcoin. That's what we are all here for, if you dislike bitcoin then you are spending your time in the most inefficient way possible.

This is a "bitcoin"talk forum, I would suggest you to find forums or chats of your hobby and hang out there instead of hanging out in a place where people talk about something you dislike. If you like bitcoin however, then why would you not like him doing what we all do?
3070  Alternate cryptocurrencies / Altcoin Discussion / Re: Dumb plan? on: May 29, 2022, 09:14:15 PM
Still bad plan on this month after bitcoin down and not reach higher price, I think waiting for next month keep dump plan or back pump plan with bitcoin and altcoin up to higher price. What ever investment kind with new project or old keep the same result and always got bad planning and price dump. Maybe better have to be watcher and waiting about bitcoin or new project for investing until market back to top price and get good moment with bitcoin and altcoin.
We are already ending the month of May, it has been a terrible month. Let's wait for what June would do. However the bad plan is the fact that we are going to end up with brand new projects that we hope will be top 10 when these ones go down, but what if we end up with something not even in top 1000? How could you know that which coins will be the new top 20 coins and which ones will be the next top 1000+ ones?

We have no idea about that. If you want to invest, invest to the ones you know that will stay, things like bitcoin and eth and bnb and ltc these are all good and long standing ones that will not go away forever, they will always be there.
3071  Economy / Trading Discussion / Re: Should I buy BTC or DCA other coins? on: May 29, 2022, 04:15:45 PM
The better choice is buy Bitcoin with DCA strategy, why should DCA other coins? ETH, SOL, and DOT are centralized coins, I don't see any reason why we should trust centralized party when it's about cryptocurrency. ..
A lot of people trade altcoins only for the sole purpose of increasing the amount of bitcoin for the hodl due to the profit received from trading. So such a strategy has a right to exist. Of the OP coins listed, in my opinion, DOT has the greatest potential for growth.
I get that increasing the amount of bitcoin you have could be a great idea, but at the same time if you are not holding bitcoin for that, then you are not going to be succeeding.

It means that even in that idea you need to have bitcoin most of the time. What you can do is, have full of your money in bitcoin, then buy some eth and sell it back again all to bitcoin, and do that quickly and trade it. Investing is another question and buying alts would be investment, that is how I understood it. So, why would you prefer to do that when you can just simply do something else? That is the way I think, bitcoin is the way to go and it will always stay at the top.
3072  Economy / Economics / Re: The Geopolitical shock expected from the Russian invasion on: May 29, 2022, 09:23:12 AM
How do you think China would respond to this crisis? your thoughts please.
One of the things that I see is that China is quite comfortable with this conflict between the parties, and they have an advantage in continuing to grow and get stronger. Perhaps we will soon see the domination of the global economy by the eastern countries, as they are quite peaceful at the moment. Although I am not a fan of China with their surrounding activities, I find what they have done after many years of invasion of the country has been amazing.
Surely, they have so much land, and so many people, making those people work extra time and using even more land to produce even more food wouldn't really be a problem for them.

As we all know they have a famine in their history where tens of millions of people died, and that was just for showing, and even though that happened and it sucked and it was such a bad thing, it did develop them into a power by gaining them more money in order to reinvest back into the nation. They could use that billion population power into this trouble and end up with a good result in the long run, wouldn't be ideal but wouldn't be a problem for them, totally profitable.
3073  Alternate cryptocurrencies / Altcoin Discussion / Re: LUNA vs LUNA 2.0 on: May 28, 2022, 12:10:11 PM
Will it be worthwhile to hold and trade LUNC, and will LUNA 2.0 regain trust and position?
no one knows the future of LUNA 2.0 but I think their future will be bright even better than the previous LUNA. The thing that makes me sure is why the Terra LUNA team can get their trust back because they have received positive feedback from big exchanges like Binance and MEXC. I'm sure the exchange class isn't easy to decide if the coins listed on their market are potentially bad then they won't be listed.
Just because exchanges got a positive approach to it doesn't mean that it will be a good one. I want to help you and protect your money and I have to say that do not put any of your money in there. If you are going to get some free money from the snapshot right into your account then good for you, sell it right away and do not hold it.

If a project did something and failed, repeating the same thing will not recover anything at all. This project used to worth billions and billions of dollars, doing it all over again will not make it a lot better and it will be a big failure once again. Protect yourself please, and do not put even a single dollar in it.
3074  Economy / Economics / Re: Twitter to pay $150 million for selling users data for Ads on: May 28, 2022, 11:39:28 AM
Once personal data is shared, it should be considered to no longer be personal, regardless of what the other party claims they wish to use it for.
Data is one of the biggest markets and social platforms like Twitter, Facebook, Google and the rest have loads of it by collecting presumably harmless data to fulfil whatever sign up conditions they set. It has become so much of a norm now, users barely care what is collected and how it is used, or rather they fail to see any danger in their phone number, or web history being tracked and stored.

This is a trend that is not going to stop anytime soon, best to take precautions to protect yourself if you do not want your details shared.
Unfortunately, there are companies making billions off this situation and they are fine with it. Remember that before 2016 elections of trump, and even brexit, there were companies buying and selling data and using it to make sure that they got their candidate elected.

If they could convince their own view people to go out to vote in bunches, they did that via ads, if they could convince opponents people to stay home, they did that. They did everything they could, not just to convince people to vote for a candidate, but precise ads for each person in order to get the most optimum result for their candidate. This shows that these data could be used to literally rule the world.
3075  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: May 28, 2022, 10:29:28 AM
Russia being the next superpower is undoubtedly an unrealistic expectation happen. One fact, I was thinking they would crush Ukraine as soon as they invaded the country but today , Russia is losing men and their fighting gadgets in numbers.

Have we thought of China ? Currently China is not a push over in military strength we all know this and by ranking they are third in the world after India (that is 4th) and before Russia that is 2nd to USA. China has built neighbours and aligns that can support her during any incursion and she has huge population herself with 2,185,000 active personal by estimation, 4,750 tanks, 3,260 aircraft, 777 warships. Recently, they have not had major war fare to prosecute so properly they could have more weapon than is in public eyes. Russia isn't taking over as number superpower IMO.
If we are talking about military power, USA has the biggest one and they do not have any competition in that regard, china or Russia or even both of them together do not get even close to it. We need to realize that they are spending about 800 billion a year on military, that is bigger than next 25 nations combined.

This is why I believe that we should not be considering any military threat to be too real, look at Ukraine situation, USA didn't even participated, they just gave them billions in help, and gadgets and that alone was enough to push Russia back by Ukrainians. Superpower doesn't happen that easily, whoever has the biggest budget, and liked by the world, is the one that will be superpower.
3076  Economy / Speculation / Re: Holding my horses for now on: May 28, 2022, 10:00:33 AM
I personally believe that it should be noted that it rarely goes down under but at the same time it should be noted that it could rearrange depending on how big of a crash happens. Like when it goes from 35k to 30k then it could tell you the reality and you could see what it should be doing, but when it goes from 60k to 40k, it doesn't show exactly what you are looking for and it will look like a buy chance all throughout.

Hence, there is nothing wrong with the current situation and we should be feeling fine about not buying if we want to wait a bit more. Or just put price in your mind, I will buy if it goes to 25k, and I will buy if it reaches 33k as well, and be ready for all possibilities.
This is the part where people talk about how crypto is something that is unexpected and TA we do is usually what crypto "should" do and not what it does. Of course there could be situations where it doesn't do what it should, but at least you would know what it should do and arrange yourself accordingly.

This is a method where people would generally use to make sure that they are doing the right thing and that means that if you also defend yourself against unexpected stuff (with stop loss or similar stuff) then you should be fine. I believe that best we could do right now is invest into bitcoin small by small and it would help you out. But also have a stop loss planned as well.
3077  Economy / Speculation / Re: What is your fill the bag Bitcoin price? on: May 28, 2022, 09:04:36 AM
Just before crypto crashes, everyone thinks they are investing geniuses. Investments are made when you research before taking a risk. Bitcoin buyers are practically geniuses at any time. You would be a genius if you invested long-term.

In my opinion, we are going to go much lower later on. At the moment, however, it seems like we're heading towards more dumps. We have had several consecutive red weeks. The price is still looking bearish despite testing resistance near 29k. It's simple, we all love it when things go well and nothing goes wrong.
I do not believe that we are going to go down under 30k too much, it would be something uncanny to drop even further when the drop is slowed down and even stopped. I would have understood it if it dropped before all of this, but I do not think that it would happen anytime soon now. The long story short, bitcoin has stopped going down and right now it is trying to go back up again.

As we all know, when you are going very fast with a car, when you step on the breaks it takes a while to stop, and then when you want to start going back again, it takes a while to start, all of this happens very quickly in a car but still momentum takes like a few seconds, that is where we are right now, in a short period of time, it should be starting to go back up.
3078  Alternate cryptocurrencies / Altcoin Discussion / Re: Well, you put your money in your luna if it gets forked? on: May 27, 2022, 09:58:44 PM
The past few weeks have been the most challenging for there luna coin investors, as the network witnessed a hard attack that led to its price crash but then we can't give up on the project since it has some good prospects. And recently the CEO announced a recovery plan so am forced to ask will still buy the forked luna coin if it lunched or you rather look away from it?
A person's belief is usually very dependent on the pattern of investigations that are often carried out, in many cases we see it is difficult to recover coins that fall at the lowest price, even though their CEO tries to convince in any way, Luna is not strong in the market, so it is easy to fall in the lowest price, I think it's worth paying attention to other coins, rather than trying to buy them back
The main reason why we are not really trusting all of those projects that die is the main fact that there are thousands of others, so why get stuck in one of them? I mean it is obvious that we shouldn't trust them of course, but at the same time why would we "need" to anyway? Sure maybe it will recover, but why hope for that when I have thousands of other projects that I could invest into and do not really need to focus on the one that died?

So, this is the reason why we do not see all those projects recover, Luna won't, nothing in the future wouldn't neither, if something is dead, then it is dead and it will stay that for a very long time.
3079  Economy / Speculation / Re: Bitcoin price with a 4 year cycle? on: May 27, 2022, 08:18:23 PM
The price dump took place in May of last year as well as May of this year, bitcoin should have really earned $100k last year like a lot of speculation and predictions that we have probably all seen on the internet or this forum, but apart from that things are different. this year it looks like bitcoin will continue to hit another new ATH after weak hands dumped it at its current low price
100K was a bit of a tough task because the start of that run was at around 10k, during the may of 2020 during halving we were at around 10k, and during April of 2021 which was less than a year later, we reached 64k, that is x6+ plus we did that from 10k to 64k and not from 1k to 6.4k, so the money required to get there was a lot as well.

This time around we dropped to 30k and that is seen as a bad thing by many people but the relaity is that we could be seeing this as a great thing because if we do x6 again that would be 180k, a bit more and we reach 200k. So not only we have a chance to break over 100k, but we have a chance to reach 200k during next bull run.
3080  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: May 27, 2022, 07:24:25 PM
We really need something far more serious than just this price spike or the threat of Russia cutting the gas to finally start building back nuclear power plants, it's the only obvious choice that produces energy 24/7 and that can store the fuel for decades, but now, because one earthquake and tsunami in Japan, Germany who hasn't experienced an earthquake over 7 on Richter scale in its history and only 2 over 6 in 700 years decided they are too risky, and this while France has one of its powerplants right on the border.
Nuclear power plants are not the way to go because how scary they could be. Yes it is definitely a "clean" energy when working properly, and it is a very efficient one as well because you could literally give energy to whole big capitals of the world with just one of them and even whole nations if the nation is a small one.

However, if something goes wrong then you will be at the end of it and you should be worried about it all over again and now instead of pollution this would be regarding radiation which is much worse because it makes you cancer. Solar is so simple, just do that, because with enough land, you could literally cover all the need very easily, it is so "out there" and simple.
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