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3141  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the smart choice not the entire crypto industry on: December 14, 2022, 11:39:58 PM
Bitcoin is supposed to be the main investment in cryptocurrency for every investors. It's advised to have a portfolio of 90% in btcs and only 10% or 5% in altcoins.

Altcoins aren't totally excluded because they also give access to interesting benefits for some investors, which they can't find on bitcoin, so they go for those altcoins as well and we can't say they are wrong for investing this way. Although they are more risky than bitcoin, the potential is still there, anyway.

It just need to be a calculated risk.
This is what I think as well, if some people want to take additional risks with altcoins in exchange for bigger profits or bigger losses I am fine with that, what I disagree with is the huge allocation of capital those people decide to assign to altcoins, after all if someone invests just 10% of their money in altcoins while the rest is in bitcoin, even if they made a catastrophic mistake they will only lose a small portion of their capital, which can be easily recovered by bitcoin and by themselves as time passes with money they happen to save each month.
To some extent, when you talk about investment and risk we should consider altcoin discussion as 90% of altcoins are worthless and their sustainable approach to market development is short which is why altcoins can only be considered for short-term investment.

Holding altcoins is the same as gambling you can lose all your money, and you can't rely on altcoins then you should be ready for the high volatility risk.

Because the altcoin market is full of tokens and coins without user cases to sustain its price on the stock market, only the developer has total control since their can mint new tokens at will.
There are more than 12,000 cryptocurrencies available in the market. If we consider 90% to be worthless and 10% useful, we are taking 1200 cryptocurrencies into consideration as possible investments, so I guess it's more likely above 99% of cryptos are worthless. Grin

The fact is that very few altcoins worth to be invested and shared side by side with your bitcoin holdings. Some have short term potential, others medium term potential, but on long run no one can beat bitcoin's potential.
3142  Alternate cryptocurrencies / Altcoin Discussion / Re: I need this now If you can make it on: December 14, 2022, 03:20:46 PM
Yes i need someone to create mobile app.
And in this app you can send and receive and hold and Also staking the Stable coin usd or eur or GBP Stable coin
First need to create coin then the app becouse If there is so many options to use people don't want it people want one app and one coin then everybody will use it


Can Do it ?
Who is going to pay the interest generated to users staking on your app? This income must come from somewhere. How are you going to earn money with this app?

These ideas seem too simplistic at this point we are in cryptocurrency, where there are many exchanges and staking platforms accepting hundreds of different cryptocurrencies, besides the fact there isn't a clear indicative on how it's going to be profitable for you, as the app operator.
3143  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the smart choice not the entire crypto industry on: December 14, 2022, 02:38:22 PM
Bitcoin is supposed to be the main investment in cryptocurrency for every investors. It's advised to have a portfolio of 90% in btcs and only 10% or 5% in altcoins.

Altcoins aren't totally excluded because they also give access to interesting benefits for some investors, which they can't find on bitcoin, so they go for those altcoins as well and we can't say they are wrong for investing this way. Although they are more risky than bitcoin, the potential is still there, anyway.

It just need to be a calculated risk.
3144  Alternate cryptocurrencies / Altcoin Discussion / Re: The reason Dogecoin could fail in the future on: December 14, 2022, 02:10:50 AM
I think dogecoin won't fail, because it has already become a classic of crypto universe. Classical coins don't die, because there will be always fans and enthusiasts supporting them. On the other hand, it shouldn't be expected dogecoin to go to the moon. It has its place in crypto market, of course, but it's not going to be one of the main cryptocurrencies among all. Elon Musk can shill for doge as he wishes, but after all, even he knows it is just a meme coin, as he knows it's not possible to make money by playing jokes all the time, otherwise he wouldn't be on the wealthy level he currently is.
3145  Economy / Economics / Re: This could be the biggest news in 2022 on: December 14, 2022, 01:35:51 AM
Is Bitcoin Group a bank or an investment fund? I've read they have their own asset at stocks market which have increased in 5,50% today, and is continuously increasing since the announcement of the purchase.

These companies are bringing the old world of finances to the new digital world. It seems a good deal for both sides, because the owners of the old businesses (such as this mentioned bank) can also profit some money with something that, to say the truth, shouldn't have any significant cost anymore, because it's obsolet. Anyway, they are being paid 15$ million for that, while the buyers are already being benefited by the increasement of their assets' value on the market. Maybe this purchase inspires trust among investors.
3146  Bitcoin / Bitcoin Discussion / Re: Good days to bitcoin will be back soon. on: December 12, 2022, 06:52:26 PM
As I understood, OP starts from the principle regulations are the reason why bitcoin is going to have its price pushed upside again soon. However, the main historical factor to benefit bitcoin's price has been the halving, not regulations. And that is something which is going to happen only in 2024, so there is a long time by there yet. Meanwhile we don't know what can happen to bitcoin. The market is still too pessimistic regards cryptocurrency. We are probably at the worst moment in the whole bitcoin's timeline, due to so many big scams happening in this environment.
3147  Economy / Economics / Re: Only one way to save people now on: December 12, 2022, 05:30:54 PM

The solution is Simple leave fiat banks and go crypto.
it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens
The point is: do people want to be saved? I don't think so, because they don't care or simply don't pay attention to the big ponzi scheme they are inserted on through fiat economy. People are still blind and seem to be satisfied depositing their money in saving accounts which generate annual interest inferior to the annual inflation.

When we talk about bitcoin to them, they say it's too risky to adopt and invest, although they ignore the fact fiat doesn't even have the risk of being profitable for them on long term. Fiat is a complete loss and the only way to avoid its depreciation is to save large chunks of money fast and invest in properties or valuable and durable goods.
3148  Economy / Gambling discussion / Re: Is Gambing Halal or Haram According to Jewish Or Christian Faith? on: December 12, 2022, 05:21:56 PM
I know that this is very silly and religious question but I think that this should be Discussed.
According to me, As I am Muslim, Gambling is Haram and there are very reasons behind this. And also I do not much about another religions. But if someone has knowledge about that if Gambling is allowed or prohibited in Jewish or Christ Faith. And I think many people have many mind sets.
I do not want to hurt someone's feeling by talking about Religious Comments.

The bible never mentioned gambling to be a sin but what most believers don't accept in gambling is betting excessively,  without self controlling,  to some believers it seems to be indecent lifestyle to their faith of believe.
As long you don't love money and don't put it above everything else it's fine to gamble. Balance is needed in everyone's lives. We need money to thrive and achieve a better confortable life. There is no crime or sin in aiming this goal, but we can't sacrifice our values in order to conquer wealthy. That would mean putting money above everything, what is the real sin accordingly to The Bible. Unfortunatelly that is what many people do and end paying a bitter price because of their actions later.
3149  Bitcoin / Bitcoin Discussion / Re: What awareness would this bring to bitcoin on: December 11, 2022, 09:31:54 PM
When I looked at these numbers it got me thinking about how much awareness it would create for bitcoin if this money was paid in bitcoin to these teams. Would we ever live in that kind of world?
Why would this money be paid by FIFA in bitcoins? And even if it happened, those teams would immediately cashout the received bitcoins into fiat, so they could avoid the volatility of the currently bearish market which has potential to depreciate the prizes more yet on short term. Also, so much money (163$ million) dropped in bitcoin market at once could lead to panic selling and more dumps in price.

At first I thought you were going to ask what awareness a FIFA sponsor like Crypto.com can bring to bitcoin.
3150  Economy / Gambling discussion / Re: Sport Event Can Increase Our Money By Placing A Bet on: December 11, 2022, 07:50:43 PM
This World Cup is a complete mess. Results are totally inconsistent, what means most people are losing money, so the minority of gamblers who are betting on underdogs can make some profit in a match or another (it's nearly impossible to bet on every correct underdogs' results, though). At this point I wouldn't doubt if Morocco won the cup anymore. Analyzes mean nothing... Tongue
3151  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: December 11, 2022, 06:06:09 PM
After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.
El Salvador has recognized bitcoin, that means your question has been refuted, they even set bitcoin as the official currency in their country.

I don't think so far, or indeed this needs to be questioned, because the essence of Bitcoin is outside the shadow of the government or rather the freedom that Bitcoin has will never be in a law that is regulated and bound by fiat currency. Unless a country like El Salvador has recognized and adopted bitcoin as a legal purchase, even this adoption will continue in various other countries for now, even if it does not standardize bitcoin as an official currency.
There are also those cases of countries which have completely banned bitcoin and crypto: Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia.

Besides the full legalization (legal tender) of bitcoin by El Salvador, the ban is another way to recognize bitcoin by the state, although in a negative form, as it's recognized as a threat which has to be neutralized with maximum effort and surveillance.
3152  Economy / Gambling discussion / Re: Types Of Online Casinos To Avoid.. on: December 11, 2022, 05:43:16 PM
On the hand, there are online casinos out there that do not provide this kind of means or facility for their users, which means their users don't know or interact with each other, such a casino can easily scam a user and other users of that same casino won't know about it because there is no means or place for the scam victim(s) to alert other users of that casino to be aware of leave the casino before they fall victim too.
I tend to avoid these websites, not only because I fear they are scam casinos, but also because I suspect they are phishing websites which can attempt to steal your personal informations, accounts or put virus on your device. It's easy to spot these services: you search on google and there are only reviews websites talking about them. The informations disponible are scarce as are the reviews given by users. From the few reviews, some will say these casinos are great (probably employees of the casino posting as users), while others will say they are complete and blatant scams. When you see there is a big imbalance between reviews, without any consistent replies from the casino official support itself, stay away.
I don't think that there are any relations between gambling platforms that don't have a community like a thread here on the forum to phishing websites. Phishing websites are one way for scammers to scam people with their account and information by copying legitimate websites but differ in the website links. In short, all websites can have a phishing website and it depends on the scammer itself whether what website they'll copy.

When it comes to lack of community of some gambling platforms, they can still be trusted as there are various review sites out there that provides definite reviews whether they are trustworthy or not. Also, even if the casino won't start a community, the users or gamblers can make it on their own on various platforms such as discord and bitcointalk. For me, lack of community doesn't really decide whether the casino is good or not but it's a good to have.
There isn't a direct relation on every cases, but there are higher chances you will fall at a scam casino if you only stick to random reviews on the internet. I've already signed up in theoretically legit crypto websites and suffered phising and hacking attempts from them later. What I mean is that those sites collect your email and password, so what they do next is to try logging in your another accounts in exchanges, emails and more using those same credentials. They also send phising emails to your mailbox from the most diverses themes and subjects.

The problem with random reviews is that you don't know the history of those people, for how long they have been active on this niche, if they are legit gamblers or members of the casino itself or even haters from a rival company. With the forum it's more guaranteed, because you know the reviews here are legit are are posted in real time. There is more activity and as soon something shady happens at a crypto casino promoted on the forum, it's going to be immediately posted here. It's a more efficient platform for checking legitimacy of casinos, I mean.
3153  Economy / Economics / Re: Manufacturing orders to China down 40% in unrelenting demand collapse on: December 10, 2022, 07:54:40 PM
US is trying t decrease its dependance on chinese exportions and they seem to be doing this gradually. The division in the world is getting deeper and in a decade or two we will be even more segregated than now, between occident and orient. Each side of the world trading among themselves, while attempting to overcome the opposite side on economical and military aspects.

Personally, I see the increasement of imports from Europe good news if they can supply the occident with goods superior in quality than the chinese ones, which are well known for being cheap, but with low durability and high fragility.
3154  Economy / Gambling discussion / Re: Types Of Online Casinos To Avoid.. on: December 10, 2022, 06:39:10 PM
On the hand, there are online casinos out there that do not provide this kind of means or facility for their users, which means their users don't know or interact with each other, such a casino can easily scam a user and other users of that same casino won't know about it because there is no means or place for the scam victim(s) to alert other users of that casino to be aware of leave the casino before they fall victim too.
I tend to avoid these websites, not only because I fear they are scam casinos, but also because I suspect they are phishing websites which can attempt to steal your personal informations, accounts or put virus on your device. It's easy to spot these services: you search on google and there are only reviews websites talking about them. The informations disponible are scarce as are the reviews given by users. From the few reviews, some will say these casinos are great (probably employees of the casino posting as users), while others will say they are complete and blatant scams. When you see there is a big imbalance between reviews, without any consistent replies from the casino official support itself, stay away.
3155  Bitcoin / Bitcoin Discussion / Re: Would you work on Bitcoin full-time? on: December 10, 2022, 06:16:52 PM
From what I've understood, the OP is referring to full-time or part-time traders and campaign participants. Unfortunately, as someone who has tried trading in the past, I personally wouldn't do it. Despite having some successful trades, it's stressful, and there are no guarantees regarding income. Signature campaign participants, on the other hand, are a decent side hustle, not a full time job. Most campaigns pay from $100-$300/month depending on your rank, except Chipmixer, which can pay up to $1500/month. In the latter case, in some countries it could possibly be a full-time occupation, since this amount of money is way higher than the average salary.

Personally, it's a great side hustle, but not something that I'd depend my life on.
Yes, for third country's nations signature campaigns can work greatly as a full time job, but only if you are fine with 1-2 wages monthly. it's possible to survive, but not to thrive and to live with confort, like everyone aims to live, I suppose. Chipmixer is an exception, though.

It's hard to say if someone lives exclusively from signature campaigns' income, because it's totally possible to work in something else and still post on the forum for extra earnings, without difficult or prejudice on your personal results. But I can say to live from trading is more unlike than living from signature campaign, due to the risks involved and long term outcomes.
3156  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about filecoin? on: December 10, 2022, 06:05:53 PM
It didn't inspire investors purchasing the idea of decentralized virtual storage. Probably people feel confortable with the traditional means of storing file that they saw no reason to adopt a new cryptocurrency for that. And it's understandable because there are many ways to store files online or offline in relatively safe ways.
I think NFT has succeeded in stealing the spotlight from all the advantages that cryptocurrencies can offer, and the advantage of centralized storage has not gained importance because cloud storage and other current methods work very efficiently and without problems, at least for the time being.

No one knows what will happen in the future, but I agree with you that it is a negative sign.
Yes, moreover there is still the "cold storage" alternative for those afraid of storing their files in cloud storage through the use of pen drives. Although they are obsolet, there is still people using them to protect more private and exclusive files, fearing they can be leaked if stored online. A desktop or laptop without internet access are also alternatives.
3157  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about filecoin? on: December 10, 2022, 01:01:49 PM
For a currency which has already hit 238$ to hit 4,50$ is a very bad sign, despite being in a bearish market. For me it's a clear indicative filecoin's proposal has failed. It didn't inspire investors purchasing the idea of decentralized virtual storage. Probably people feel confortable with the traditional means of storing file that they saw no reason to adopt a new cryptocurrency for that. And it's understandable because there are many ways to store files online or offline in relatively safe ways.
3158  Alternate cryptocurrencies / Altcoin Discussion / Re: What will you do in this case? on: December 09, 2022, 02:56:27 PM
A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?

Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .

What will you do in this case?
Every projects attached to FTX and Alameda must be avoided. We have been watching every big crypto scam scheme collapsing other scam schemes connected to each other, increasing the possibility the tokens you mentioned are also going to be impacted negatively by FTX's influence. We are living uncertain times, and in moments like this the best you can do is to avoid altcoins and focus on bitcoin to mitigate risk.
3159  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is Islamic" -by Economist Bruce Fenton on: December 09, 2022, 02:21:41 PM
When things get entangled with religion or politics, it become messy. 
Give me some examples (with religion).
Religions are created by men to emulate concepts, principles and morals of spiritual world. But since they are driven by men, religions just subvert such principles and then we have religious leaders portraying themselves as the masters of universe, who know every secrets and details of God's creation.

They are greedy for money and ambitious for power and popularity. That is why politics and religion are mixed so easily and when this happens, a false Messiah is always raisen by the nation as a savior. That is one example, idolatry.

Within it, every kinds of abuses and absurds practiced by authorities are justified in name of God and in name of a higher noble mission to save the nation from the evil forces. Citizens blind by idolatry just accept it as the only true.



Bitcoin isn't islamic, protestant, catholic, buddhist, atheist, conservative or liberal. It's simply a currency, which can be used for the good or for the bad, depending who is using it and for what. And the most important: bitcoin is for all!
3160  Bitcoin / Bitcoin Discussion / Re: Create wealth first before the use of bitcoin on: December 08, 2022, 08:29:20 PM
Where I live rural areas already have access to internet, so it's not impossible for them to adopt and deal with bitcoin daily.

The other point is a minor issue yet. To live in rural areas isn't a synonym of poverty and misery. The life at countryside can be very confortable and more economical than living at big centers.

Rural population also likes investments and economies. They just have to be presented to bitcoin. I'm sure some farmers would enjoy investing part of the profit made through the sales of their crops, pigs and cattle in bitcoin.
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