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3181  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.
3182  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.
3183  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.
3184  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.
3185  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.
3186  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.
3187  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.
3188  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.
3189  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.
3190  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.
3191  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.
3192  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.
3193  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.
3194  Bitcoin / Bitcoin Discussion / Re: Do you know why Bitcoin price is dropping down ? Don't Ask Satoshi ? Just buy ! on: May 12, 2022, 10:09:07 PM
While I definitely advocate in this idea, investors may take it difficult right now given that some have invested thousands or millions of dollars into cryptocurrency that the slightest movement of its price may mean a loss/gain of millions of dollars in their accounts. But I do agree, this kind of opportunity happens rarely (or not) and new investors must take advantage of this time while the price of BTC is continuously going down.

For current investors who have suffered losses in this time, HODL and remain focused on the end goal. The volatility of cryptocurrencies is a normal occurrence and take courage in the following days/weeks/months during this very bearish market.
The people who suffered some losses during this period end up not holding, and plenty are selling which is a big problem. They see their money gone like %70 and they get out because they fear that there is no way to recover that.

First of all there is no "never to recover" in bitcoin, sure maybe luna won't recover, but selling your btc, or eth, or bnb? That makes no sense because all of them could recover in the long run. Secondly, if you could buy some more, with some more money, then you could end up with a much lower average right now and that means dropping the price would end up with quicker profit when the prices go up in the near future.
3195  Economy / Economics / Re: The main harm of existing “Stablecoins” is not controlled emission on: May 12, 2022, 10:04:54 AM
The main harm of existing “Stablecoins” is not controlled emission, but, accordingly, inflation.
Today, anyone can create a demon of control-print their “Stablecoins” thereby increasing the total issue of the financial bubble, what do you think?
I do not believe that we should be trusting the other ones either. I mean think about it, UST dropped, because they failed the algorithm part of it, but what about the ones we just simply trust? Think about how big USDT is right now, we are talking about 80+ billion dollars trusted into just one company. What happens if we all decide to sell it? They will not be able to cash them all out.

This is what they are trusting as well as a company, they think that we won't sell it all together. I do not believe that it will never happen, maybe one day it could happen and that day will be a terrible situation for all of us and that is why I never put my money in there.
3196  Economy / Economics / Re: Is TERRA/Luna kickstarting a new Bitcoin Standard? on: May 12, 2022, 08:45:32 AM
While Bitcoin took two short dips (one a bit more substantial) under 30K due to the Terra/Luna fiasco, it was hit much less than I expected, taking into account that >50.000 BTC seem to have been sold by LFG alone (correct me if I'm wrong). But now Bitcoin's again at the same price level than before the issue.

So Bitcoin, even in some very adverse situations, seems to be more stable than even a big stablecoin. It's likely that once the final TUSD/Luna crash became apparent, a lot of money could have been moved into Bitcoin because it seemed the "less worse" of all coins (excluding exchanges which offer "true" fiat money and not only stablecoins).

I'm pretty convinced that if Bitcoin doesn't take again a very deep crash in the next days, it will come out strengthened by this episode. People may be looking more critical at centralized stablecoins and will instead, if they're gambling with altcoins, be more lenient to convert their profits into BTC, like it was popular before stablecoins became ubiquitous, and Bitcoin becoming again the "standard" of the crypto world Smiley
I do agree that bitcoin standard in a weird way is established right now but not proven to be working as intended just yet. I mean it could reach to that level eventually but we are not there yet, and if Tera recovers, if the UST is 1 dollar again, and Tera is back to what it was again, then we could say that bitcoin standard has been established there.

I fear that it will not happen, there are too many whales with money who are trying their hardest to make sure that this doesn't happen, and that is a bad thing, but at the end of the day it is not impossible to achieve it even if it takes some time. This is what I am hoping for, if it happens then we are going to be fine.
3197  Economy / Speculation / Re: Bitcoin 2018 vs 2022 on: May 12, 2022, 07:45:09 AM
It is not really that difficult if you have been in this position before, after all the people that bought their coins during the 2017 bull run are still having massive profits and even those that bought at the ATH back then still have a significant amount of profits, the ones that are worried are the ones for which this experience is new and that bought at prices way higher than what we are seeing now, but as long as you can hold your coins you will eventually have profits once again.
2017 is not the perfect example to give, or even saying that if you bought at the peak, you will still profit in the future. None of these matters when the prices are this low because people keep thinking I could have bought more than double the amount of bitcoins I could have bought if I just waited a bit longer and not bought when I did.

Instead, you could always praise DCA, which means you could buy at 68k, but average it down to under 45k if you buy the same amount at 30k, that way you will be getting to profit quicker, instead of calming down, suggest an alternative method to do something instead of doing nothing and waiting for it to go up again.
3198  Economy / Speculation / Re: Bearish market continues? on: May 12, 2022, 06:51:15 AM
Nobody knows when it will happen again although we believe about its potential in the future. When it comes to bitcoin, I can probably convince you to stick with it and buy if you can afford it, but it's hard to expect bitcoin to surpass ATH any time soon so you should only do it for long term goals.

So far whatever has happened to bitcoin [price correction, pump and ATH] is also possible to altcoins. So you just have to hope that bitcoin will soon get back on the path of bigger gains after this decline and will affect altcoins' gains as well.
I would say that we do not know "when" it will happen, but do you really doubt the top ones to reach that level again? I mean think about it, bitcoin to be over 68k doesn't look like that impossible isn't it? Or eth to be 5k+. These are things that I believe will happen, I do not know when it will happen but I know that it will happen for sure. That is what all I need and need to know, if it is doing great then I will do the best I could and there is no reason why I shouldn't invest into it right now.

This is what whales do, they do not care about the drops and they get in, and they get in with a lot of money. They are whales and have the money to wait, and thanks to that they make a ton of profit.
3199  Alternate cryptocurrencies / Altcoin Discussion / Re: ELI5: What happened to UST and why it happened? on: May 11, 2022, 10:00:08 PM
I guess many of you heard the news about UST going down all the way to ~ 0.60 and even Janet Yellen commented on it. So, can someone please explain it why it happened to UST? What is wrong (?) with it?
the beginning of the problem was because bitcoin crashed. UST is an algorithmic stablecoin backed by the terra(LUNA). when bitcoin crash, luna also followed and this also impacted UST. to keep it stable they use Luna to backed ust. but the scenario didn't go well, ust kept falling and luna couldn't hold it. as a result UST and luna fell very deep.
I would guess that the fact that some manipulators caused it to go down was the main reason. I mean think about it, there were some people who crashed Luna so that Luna team would have to recover and when that happened they used their BTC to short it, because they knew that Luna would have to sell btc and drop the price, and they helped and got the money back from the shorting.

Since, there is no way of recovering without that, Luna kept going for a few days and those whales kept profiting that way and it never really recovered because of it. Luna team is now looking for alternative methods, but whales got the money they wanted out of this.
3200  Alternate cryptocurrencies / Altcoin Discussion / Re: Terra USD, proved its not a stablecoin on: May 11, 2022, 09:18:20 PM
I'm also not too surprised to see some stablecoins in the past lose the value they defaulted to, UST has never been something I believe in in this space. Right now we can see dozens of negative stories around it and the whole ecosystem, one of which I think the BTC drop is having bad consequences for the fragile things in the air. this time. And the false promises will soon be exposed. Recently I am also seeing USDD appear Smiley then the same thing will happen again.
That is because it's centralized and there is no reason for it to be "stable" aside from people believing it to be. The moment people start thinking that it is not stable, and everyone sells their USDT crazily, and nobody buys it, what's going to happen? It will fall, it won't be 1 dollars, and that's the problem.

Do you really think that if it was 50 cents, and you buy it and you try to sell it back because it's backed 1 to 1, they would be able to get that much? Of course they won't be able to do that and that's the thing about crypto right now, it's not as great as people imagine and only surviving based on what people are paying and willing to pay.
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