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3121  Economy / Speculation / Re: Was $25K the bottom? on: May 18, 2022, 07:14:03 AM
The bitcoin market has plummeted for nearly the past month. Bitcoin has dropped about 20% from its current $40k to $30k price. If the market continues to decline then we will most likely see the price of bitcoin going down to the $25k area probably in the next few weeks. Moreover, so far the market's attitude is still very panicked, it is possible that the downward trend in prices will continue.
You are looking at the drop, but not the increase and that is the problem with the market right now, and all those who didn't made any profit. Sure it went from 40k to 30k if you look at it that way, but along the way it reached 26k and bounce backed to 31k as well. Why not look at it that way?

Why not check out the situation as a good thing and how we failed to go down even further. Not like there was anything that keeps us from going that that much further, we could have gone down that much, but we failed to do that which means that we already found our bottom and things are looking good for us. So instead of looking at how much we dropped, look at how much we moved up.
3122  Economy / Economics / Re: Taking loan during high inflation? on: May 17, 2022, 03:01:54 PM
the question is what if you do not own enough money for investing? can you take a loan and invest?
Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable.
Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
The only downside of the crypto part is that, if the price goes down, or even stays the same, you will not be able to repay it back on time. Because, you take out lets’ say 10k, and you have to pay 500 dollars for 2 years, which will be 12k when you pay it back 2 years later right? Well, that means first month if the price doesn't change you cash it out and have only 9.5k left, so instead of %10 increase meaning 1k profit, it will be 950 profit.

So, next month if nothing changes you pay another 500 bucks, and so forth and so forth, eventually becoming very little. Hence, you can't just assume you can pay the loan back with your crypto profits.
3123  Economy / Economics / Re: Buy? . . . Nah, hang on a minute. on: May 17, 2022, 08:39:42 AM
The worry of most of these low-quality coins is their fate in the market. What if they don't have future and they will continue to decline its price. Because we have seen countless times, most of these low-grade projects tend to decline fast after listing in the exchange. Unless, the team will do the pump and dump technique. So before you invest in this market, better weigh your choices. Keeping your investments in top alts will give you a better chance of survival.
But there are people who do really love to play with fire and instead on sticking with well established coins they do rather play with these low caps or not so popular because they do really mind off about possible profits
that they could get once this market would really be having some recovery or u turn then you would really be making out profits that the mindset of some people thats why they dont really like to miss
out opportunity but well its a risk taking kind of  decision which isnt something surprising.
That is not a trouble neither, if you are willing to lose that money and realize that there is a good chance for it. There are people in this world who gamble, and I mean gamble against the house type of gamble, which we all know is mathematically impossible to keep winning, sure could win here and there but in the long run house always wins because of the house edge.

This is why I do not see a problem with investing into very very very risky small cap stuff neither, only if you are aware that the money you are putting in there will probably not worth anything in a year, if you are aware of that and taking that risk, then why not take it?
3124  Bitcoin / Bitcoin Discussion / Re: Such News pisses me off! on: May 16, 2022, 09:42:15 PM
Blame the telegram channel you're subscribe to not the news coz the news doesn't related to bitcoin investment as quoted.
That's the point, he is blaming the channel and not the news website. However, clickbait stuff do happen in news websites as well, some places are taking it a bit more seriously nowadays and taking it to a level where it's no longer clickbaity and write good articles, and places like the New York times or so have always been very good, those places have stuff written there like some super academic professor has been writing there for many years, because every journalist uses that type of language.

Still, most of the online world is still using it to get clicks, so even though the news itself is true this time around, the logic stands for general purposes.
3125  Alternate cryptocurrencies / Altcoin Discussion / Re: Luna Crashed! on: May 16, 2022, 09:31:09 PM
The Luna case make me fear about ETH 2.0, which is comming soon ...
What could ever be the connection between the two? Luna crashed because they had a system where they had a coin, which backed a pegged UST and when people started to depeg their UST, they started to use their reserves for bitcoin and any other coin, and when that wasn't enough they printed probably trillions of Luna and used that to keep it pegged which they still failed.

So, their coin which used to worth 80+ dollars just a week or so ago ended up not being worth anything at all. This is the difference and I do not think that it should be really that much of a problem to ETH because there is absolutely nothing similar going on with ETH 2.0 at all.
3126  Alternate cryptocurrencies / Altcoin Discussion / Re: Should newbies Invest in new Projects on: May 16, 2022, 08:02:58 PM
I'd rather get into the program that Binance releases than venture out there at the risk that it would be hard to accept. The Binance launchpad provides something that can at least minimize investment failures in shattered projects. For that reason, it becomes the most targeted target among investors who don't want to do in-depth research but Binance provides a simple choice.
Plus, it allows projects to get in front of way too many people. I have seen plenty of projects who got attention more than they deserved and also projects that didn't anticipated that much attention even if they deserved.

The first one is simple, it is a horrible project that shouldn't have gotten that much attention and in the end they ended up with nothing at all and they ended up with getting a bit of "hacking" going on, basically an exit scam to just rugpull and leave. Second is harder, they could be legit project, but since it grew too quickly, there are demands from investors that they can't meet with and that causes a lot of problems.
3127  Economy / Trading Discussion / Re: Crypto signals without service fees on: May 16, 2022, 07:23:33 PM
Sometimes I questioned why this so called expert gives free signal if they are getting high profit of their own, some do it to create coin hype and take advantage of it for his benefit, while others do it to be popular and create their own companies that later on will have fees or enrollment fees to be a member or to get them as a coach, those free is just for a start and to learn more advanced techniques they will later offer programs with payment. At the end of the day it will still be our money we will use to trade so make sure to do proper assessment whether we follow their signals or check their techniques whether also working on us.
The world we are living in right now have another currency that people do not realize that much as a currency. The follower numbers, that is an asset, which means that if you own an account with a lot of followers, you have an asset. Even if you do not make any profit with it, and even if you do not use it, if the follower number is stable, then it worth something today and due to inflation, it will worth more in the future as well.

So, if you are giving away free signals, then you are getting followers, and those followers grow to be huge eventually if you are any good, and then you can either take ads and earn money, or you could even sell the account if you want to get out.
3128  Bitcoin / Bitcoin Discussion / Re: 1 BTC = 1 BTC. You only lose if you sell. You're buying inflationary fiat. on: May 15, 2022, 10:05:24 PM
Stopping people from panicking to sell their coin's will be actualize when you use this platform of bitcointalk to correct people that is in sin of not understanding the structure. When someone panic to sell they always end up of getting lost but whenever someone compute itself whenever market is dropping the person  make or regained profit when it rises. Getting profit you most learn how to take risk and hiw to patient for the investment. Been eager to sell will lead people to lost
This is true if you are investing into something that is great. Like for example bitcoin dropped and ethereum dropped as well so if you buy them a lot more right now then you are going to profit on it a lot in the future as well. However, if you end up buying Luna because it dropped so much and even 1 dollar would pay your mortgage levels of hope, then you are going to be upset about it for sure, there is no way that you could profit from this at all, you will end up with a big loss.

This is why you should be avoid buying big coins and you should invest into something that will make you some profit, a lot more profit, that's how you make a profit in the crypto world, not by investing into "anything" that goes down.
3129  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a safe haven??? on: May 15, 2022, 09:06:05 PM
I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?

I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
Gold is nothing to me, never made any sense to me. It is a "thing" that people gave a lot of value as investment, why not something else? I mean hydrogen is not stored carefully, but that's basically it, they just found something that is a bit more rare and easily storeable and they put some value on it.

Crypto is not like that, you can spend crypto and send it all around the world, sure we did give it a value ourselves but we are using it as well, there is a very limited usage of gold, and when it is used and gone, to a place where we can't recover it, eventually it will be over whereas crypto is used again and again in many different places.
3130  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Altcoin is good to invest in right into? on: May 15, 2022, 03:51:19 PM
I have seen too many people got in with "how much more could it fall" mindset and I have seen them fail many times before as well, that is not the way to go and they are making a mistake. I hope that people will realize their mistake soon and not get in.
Buying off the bottom with such a large emission is really a very risky activity. But those who managed to buy a coin at the lowest price of $0.0000006, according to KuCoin, already have more than 500,000%!!! I also bought half a million Luna at a price of 0.00004 and now it is x8, but there is no big profit, since I did not want to incur big losses and invested only $25.
I would guess that the type of risk you take when you are buying Luna right now is so high that, the reward should be that high in order to justify it as well. Imagine the scenario where they are telling you that you are buying hot shit, and there could be some farmer who may want it or not, a regular person wouldn't pay a lot for it, but a few could find some farmers.

This is the situation, it’s a hot shit right now that you should stay away. I personally believe that there is no price that I would spend even 25 dollars on it, I wouldn't really spend any single cent to it if you ask me, but at the same time it would be something very profitable if you do right now or maybe you will lose all of your money.
3131  Alternate cryptocurrencies / Altcoin Discussion / Re: Smart decision I made toward the end of the bull run on: May 15, 2022, 02:50:58 PM
I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.
Decide wisely for yourself. The KOLs I know all accept money to promote projects ranging from shitcoin to the top and to lead our minds with bogus trends. And when everything is exposed, those knowledgeable enough will get out of the way and those who are still stuck with the loss will receive comforting words like blame yourself for not knowing enough and just listen to them Smiley
This is true, because at the end of the day they are doing it for the money. Why would they do it? Why would they suggest a coin? Just because they love everyone and they want everyone to be happy and rich? Of course not, the aim to do this is becoming richer and that path is from getting paid from people.

You could become like that as well, put aside like 10k dollars, start a brand new twitter account, get a good logo or whatever made, or even buy an NFT if you want, and then start tweeting about possible things, news, and then do giveaways, like for example $50 per week at least, if you can afford more like $50 per day that’s better, and do "retweet and follow to have a chance to win" and you will have 50k+ followers in under a year. It’s not hard to be KOL, and they just get paid to do this.
3132  Economy / Economics / Re: Ukraine has launched a global initiative United24 to raise funds on: May 14, 2022, 09:53:32 AM
There's no documentations what does they do with the previous fundraising, but based on the address 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P they already spend almost the funds (465 BTC or $14 Million+ with the current rate). But I think it's understandable since they're still struggling with their current conditions, it's unethical to ask them about the funds used for.

There must be a scammer which want to take advantage with this situation, but I didn't heard any news until now, perhaps the victim didn't publish it.
With USA sending SO much, I do not think that these donations really matter as much as we think it does. They had a total of 100+ million from what they claim came from crypto world, don't know exactly where and which coin, but it is clear that they are getting hundreds of times more from nations directly. Just USA is 400+ times bigger than what the regular retail investor in crypto paid for. This is understandable, because the all of crypto market cap is not even 10% of what USA GDP is or their debt is.

This shows that we are still small and have a room for growth as well. Ukraine will do fine financially, it is retaking the lands they lost that will take a while.
3133  Economy / Trading Discussion / Re: Copy Trading - experience and tipps on: May 14, 2022, 09:06:26 AM
At the first glance looks like less hassle with the copy trading I used etoro before and it is good too at the same time but the problem is we don't want to become a dependent trader because not all the time it will become profitable to the trader you follow with still at the end of the day its better you know how to make a trade at your own so you know the risk at  yourself and not to blame the copy trading.
It should be not, we don't need to be reliant always, we should also have to carry ourselves by our own decision and our strategies. It is quite good to start copy-trading in our early days but this can't be forever. Honestly, we are not really profitable if we are just using copy-trading and the chance of making ourselves lazy as possible.

As we wanted to grow and enhance our skills, it was most preferred to take the risk on our own. We are not just building ourselves to have confidence but in this way, we also make our mind works well.
Even on the early days it is not great because we are talking about a situation where we are talking about newbies not learning how to trade and only trading what others trade and they have no idea why they are trading that. I believe that the best way to invest is not copying what others are doing, it could be copying "how" they trade and that way you will learn what they care about the most.

This isn't easy but if you learn that then you are going to be trading very well. Of course this isn't the only way to trade, but at the same time if you learn how they pick the coins, then you could pick anything yourself as well when you see that coin hitting those indicators.
3134  Economy / Trading Discussion / Re: what is the best investment for the next halving? on: May 14, 2022, 08:26:25 AM
I like it how he has started so early and asking investment questions. I’m not sure how you convinced your parents but this is really good. Being young you should be very cautious while investing your money. Most probably your money is from either your pocket money or may be part time job if you doing so.

Well halving usually makes crypto towards bearish trend for some reason, may be miners start booking their profits as they know rewards will be halved as well. However, this is the time when one should be buying a lot.
Being young means that they do not have to risk it, because they have a lot of time to get rich, but at the same time you are a dreamer when you are that young as well, he needs to find that right balance. Sure, being a dreamer means that you get to dream something first, before you can achieve it but many dreamers end up with nothing, so you should be careful as well.

This is why I believe that the best thing to do at that moment is to focus on the future and dream about a situation where you are super wealthy when you are 50, but still working regular jobs all through your 20's as well. This will allow you to be much better and can wait for longer.
3135  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Altcoin is good to invest in right into? on: May 14, 2022, 07:09:28 AM
I think so, at least save a little LUNA and hope to return to the original price even though it's impossible,
Over the past day Terraform Labs has printed more than 6 trillion Luna coins, so the option that the price will recover is no longer considered. And it is possible that the circumstance will attract the attention of the SEC and entail the prosecution of Do Kwon, the CEO of Terra creator Terraform Labs, because what happened is a scam.
Their "excuse" for such an action is that they could print but they could buy back and burn it as well when all things are back to normal. I do not believe that, I never owned any luna in my life and I will never own any after this neither, it is just not making any sense to me.

I have seen too many people got in with "how much more could it fall" mindset and I have seen them fail many times before as well, that is not the way to go and they are making a mistake. I hope that people will realize their mistake soon and not get in. The team will not buy that much coins from you and you will end up with a big loss eventually, there is no doubt about that.
3136  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Suspend Terra LUNA Coins! on: May 13, 2022, 10:00:52 PM
Binance has completely suspended all the trading pairs for Luna. A few hours ago, they've remained Luna/BUSD but eventually, they've announced that it's also closed.
They're going to put it back once the network is working again. I see a lot of people are quick in buying of thousands to millions of Luna and hopefully, they didn't bought it just to lose.
At this point they may never list it back again. I mean all they care about is the volume, and not having any problems at all. This means that they could end up with listing it again when all is settled and there are no more problems and they can make some profit from the volume.

However, reality is that many people will not be able to trade it too much, they will want to sell and get rid of it if they can, but they will not be able to buy too much, they won't care for it. The printing of new Luna reached to an insane level and I doubt it will ever worth anything ever again, it's impossible to go from few hundred million to few hundred billion coins and stay the same.
3137  Economy / Speculation / Re: Don’t rush to buy Bitcoin on: May 13, 2022, 09:48:04 PM
If you can manage to to flip during a small recovery just like happening now, You can still make a profit out of it and re enter on much lower price. The OP suggestion is good if you are not doing DCA when buying and buying all-in at one price point. But if you have enough funds and buying in batch order, You can buy whatever is the price since you will buy another batch on the next price movement so that you will not feel FOMO in case the price already recover on this bearish cycle
DCA is sort of like that as well. There are two ways of doing it, one of them is setting a time and the other is in batches. In setting up times version, you do it like once every Monday, or once every month, or whatever and you do that, which would work, even in daily if you do that because there are times in crypto where even it changes per day, but weekly is much better.

The batches one is different, it means that you divide it into batches (your fund) and then you buy it in batches depending on the price, for weeks if it doesn't move you do not buy, but if it does go down then you buy one more batch, if it goes down more you buy one more batch.
3138  Economy / Economics / Re: Difficulty in regularizing cryptocurrencies in current governments on: May 13, 2022, 01:19:32 PM
Having crypto currencies into custodial wallet with your own private keys is most secure financial locker I have ever seen to be honest. I agree that banking has existed since many many decades now however, the system is still traditional, so many bank accounts are hacked and I don’t think we hear too many compromises in the crypto currency.

Let me stress one more time, if it’s private keys and custodial then no one can have your coins at any cost. The system is irreversible, can’t be hacked!!

On the bright side the claim is exactly opposite as what you think.
Are you serious? I haven't seen too many people getting their bank accounts get hacked, in fact I have never heard such a thing before whereas I have seen plenty of crypto projects get hacked constantly. I do not agree with your point of view, I believe that you are wrong about that. I still prefer custodial wallets with crypto inside, over banks with fiat inside but the reason for that is crypto vs fiat not wallet vs bank.

If we could have banks that can hold our crypto, I would put my crypto into my bank account because I am 100% certain that the bank would secure it better than binance or any other exchange and even custodial wallets could.
3139  Economy / Economics / Re: Bitcoins and Influential Social Networks on: May 13, 2022, 11:50:40 AM
I see the interplay between the media affecting different economic markets, not just money. electronic. Today's easy news sources to navigate and control makes it good/bad for the growth cycles of many professions. If we can't get rid of that control, then of course being influenced is inevitable. Being heavily involved in this market makes me see some pretty crude tricks as they are willing to spend large sums of money to fabricate information and build trends in our minds, for better or worse. It's a person's own assessment.
Unfortunately media has been always purchasable and that is the issue. Rich people could pay whatever they want and get some narrative going. In my nation we have the same narrative for a while now, one person is saying one thing and claiming that nobody else said it when there are others who have been saying the same thing for decades now.

Because, that person paid the media to make that kind of news now and that caused people to think that they are seeing what they should and all others are wrong, when in fact all those others have said it for nearly 50 years now. So all in all, media could be bought, and doesn't matter if it is regular tv news, or twitter accounts.
3140  Bitcoin / Bitcoin Discussion / Re: Elon Musk won't save Doge or Bitcoin this time on: May 13, 2022, 07:25:51 AM
Elon Musk hyped up the market, sure, but he also triggered panic selling at some point when raising concerns over adoption of Bitcoin due to environmental reasons. The crypto market is potentially a bubble, sure, but I don't think that Bitcoin isn't worth anything or that it's overvalued. I believe what we're seeing now is not the explosion of the bubble, but a temporary bear market. After Bitcoin recovered from the 2018 fall, I think it proved that recovery is a matter of time. And now the price is low, sure, but it's still way higher than the 2017 ATH point.
That moment was basically the moment people gave up about Elon, sure there are some who are holding doge or even shiba and hoping that one day Elon would start pumping that again, which is a weird thing to hope for considering that we suppose to be decentralized and not depending on some whale to help us earn some money, you have a better chance sending your address to Elon and hoping that he would pay you, because why would he care about you in either way?

But, when he stopped pumping it, all the people who are smart, realized that this guy has no idea about crypto and he should not be relied upon and gave up caring about whatever he says.
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