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3381  Economy / Speculation / Re: Don’t Panic II on: February 22, 2021, 06:55:06 AM
So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.
Say this to those newbie investors who have weak hands and can be easily tricked by these negative articles that are spreading on the internet.

As for my part, I've seen it went down from $8,000 down to $4,000 last March 2020 in a span of a day or 2 and I didn't feel any panic but regret because I don't have any money at that time. That is the last time that I will see Bitcoin at that price again Cry. Huge sell down?? Let it happen so we can buy more at a lower price Smiley
I love how WSB brought "weak hands" "diamond hands" and many other lingo into our world as well. Anyone who gets out and runs from the slightest fall is a weak hand for sure, why would you go out right now if you haven't bought bitcoin like for the first time a day ago? It should be obvious that 99%+ of the crypto people are in profit right now, if you bought at ANYTIME before last week you should be in a huge huge profit already, which is why I think there should be no reason to fear.

If you already bought under 40k price, that means you could wait until it goes under 40k a bit (I understand if you sell at around 20k) and if you are not capable of waiting that long, I think it is obvious that you are not going to be profiting from it considering it is going to be higher and higher while people are scared and running away, those people will lose money while we will make a profit.
3382  Economy / Economics / Re: Are institutions hedging? on: February 22, 2021, 06:25:31 AM
It is called pure FOMO. This growth is inorganic like I said in previous post and not going to sustain for long. Dont get me wrong, I am bitcoin bull but this type of stupid bullishness is not my thing, I am rather disappointed by the amount of FOMO currently in the market and although happy that Bitcoin crossed 51k USD with this, it wont hold for long.

Companies like these use Bitcoin as a soft target for manipulation - even if they did say that they bought bitcoin, they will not tell you when they sell it - heck if they did how will they make the profit which is their intention from the first place. They see the untapped potential in such niche groups and therefore redpill them into going the way they want, sadly.

Yes these companies are hedging, moving to new asset classes that have shown resilience and growth in the last decade and therefore common crypto users need to be aware of the manipulation that is going to follow.
We can't really call it FOMO neither, and I am not saying it is a sustainable increase, it of course is not, but it is not FOMO neither, it is like a weird new situation that doesn't really have a name yet.

What is going on right now is the fact that it is not FOMO because people are not going in like crazy due to price going up, it is the huge companies going in because they want to diversify their portfolio and crypto is big enough to cover their investments now, back in the day putting 10 billion dollars into bitcoin would be suicide for them whereas doing it right now is not a problem anymore, so what is going on right now is bitcoin opening up to a whole new market of people and that is the reason why it is going up so far. Could it fall like crazy?

Well yeah, if those companies stop buying, and even start selling, that would make it go down like crazy, could it keep going up for a while longer? Sure that could as well if companies keep buying up. I do not know what is going to happen because we never saw anything like this before.
3383  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest on: February 22, 2021, 05:29:32 AM
Pancakeswap became 9 dollars, that is seriously one of the best altcoins to invest but I don't know if it is too late already or not. We are in a bull run right now and everything has gone up but this coin didn't existed too long ago, and from 50 cent levels to 10 dollar levels it made a 20x return in few months, it is really unbelievable how huge it got. Now I can't tell you if you could make a huge return if you get in right now, but I think it is not over yet, it became something huge already and as long as this bull run continues I know that it will continue to make a profit as well, that is why I think you should have at least a bit of it on the side.

DeFi market is growing more and more and more, which is why I think it is not really that shocking to lose money at this current stage, so if you could save a small amount and put it aside as cake right now, you could make a good return.
3384  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How much will ETH be worth ten years from now? on: February 21, 2021, 07:20:40 PM
I believe there is a strong case to be made that ethereum follows bitcoin prices a bit, not exactly but a bit and that should give you an idea. I believe 50k per ethereum is not impossible, I know it is not going to be easy and not anytime soon but the topic is 10 years from now, and in 2031 we are going to probably have 50k per ethereum and that wouldn't be shocking neither. Why? Because we have moved from not even having eth, and only having the very early days of bitcoin 10 years ago to today where bitcoin is 50k and ethereum is already 2k, so that means we are moving rapidly as well.

It means bitcoin will keep growing, bigger and bigger companies will buy ethereum, everything will go up a lot, but eventually there will be a period where bitcoin will not be making huge profits for those huge companies and they will start buying ethereum a lot more and that is when price could become 50k.
3385  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: February 21, 2021, 06:51:22 PM
Liverpool dropped to nearly 7th place and Tottenham is at 9th place now, it is really looking like things are going to really change a lot very soon in premier league for good. I think the deal is we are going to probably have one of those "a change for a decade" type of changes, we all remember how United was dominating the league and how Arsenal was actually good once upon a time, don't get me wrong not like other teams were bad but let's face it liverpool didn't dominated the league right?

So, I think if this goes on until the end of the season, the only team that would be similar will be City and every other team will have a longer change, I think Liverpool may even lose some players who will want to leave specially Salah who has been rumored for Real Madrid. I think things are not looking good for teams like Liverpool or Tottenham not just for right now but for the future as well if they keep this up.
3386  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 21, 2021, 05:33:11 PM
After 10 years Inter may win his first trophy this year, it is not over yet and they have the payment situation ongoing but at this point, they can only lose the Scudetto.

Meanwhile, a crucial game for a champion's League spot is just started, Atalanta-Napoli, anything can happen here I'm Guessing Atalanta winner.
Honestly this game will make sure that Inter is way way closer to championship, this is one of those six point games where your closes rival will be losing and not getting any points while you end up with the three points, it is awesome for them. Milan on the other hand should put their hat down and start thinking about why they are suddenly not so great. They were a team that looked nearly unbeatable at the start of the season, won all their games, and now they are losing a bit more frequently, in order to have any chance at all this year, they have to really gather around and have a much better situation.

Honestly I still think Milan may have a better chance at the title for some reason, even though Inter just destroyed Milan, I still feel like Milan has a lot better "team" as compared to Inter who has better talented individuals in their team.
3387  Alternate cryptocurrencies / Altcoin Discussion / Re: How to avoid big commissions to pay ethereum ? on: February 21, 2021, 04:15:51 PM
Well, this depends on how many times you will trade and what you will do. Now there are "bridge" systems which means you do end up spending money going into those systems and you do spend money when you are getting out of them (easier methods if you get out with that chains coin) and you could spend less money there. However this doesn't mean that one move you make is simple and cheap, it is actually quite expensive and you will spend more money, but if you do multiple moves it becomes cheaper.

Meaning if you are holding some xyz coin and want to get ethereum with it and move it to binance so you can trade? You should not use bridge, you can do that and yes you will pay a lot but less than bridge. But if you want to put money into eth tokens and trade them however you want and get out afterwards? You could pay for once and make 100 trades and get out and would be paying drastically less money.
3388  Economy / Trading Discussion / Re: Don't stay on with a wrong trade on: February 21, 2021, 09:23:06 AM
Trading is not a mathematical equation based on a rule: do this and you will win such-and-such.
As much I think about this I feel this is such a strong statement. People often tell others what to do and what to avoid but with trading we can't get consistent unless we ourselves learn and make our own strategies.

Personally, I do not use a stop loss order, but the strategy depends on the type of trade you want to make and the profits you want to achieve.
I don't use stop loss either when I am holding limited number of assets but when I am having many coins and I feel like I might lose the track of their value and how much up and down they are going, I usually place sell orders on a specific price.

Nothing is predictable until it happens, even the best crypto can cause people to lose and the shit coins can make the people rich so it all depends on how you assist the market condition better than others.
Right but there are times when you will clearly realize that the coins you hold are no longer useful, I used to hold a lot of reddcoins earlier like years ago and I realized the coin was not good enough after a while and I sold them for some loss but still way better than what I would have sold them now.
3389  Economy / Trading Discussion / Re: Is it really a benefit that nobody controls the price? on: February 21, 2021, 06:47:06 AM
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Indeed as a merchant you face tough times accepting bitcoins because the volatile nature of Bitcoin means you are not just accepting bitcoins but also gambling as the price might swing in any direction. But when you accept bitcoin as a payment, you have to keep in mind that overall the price only rises if you compare in long term.

If you hate volatility then you can just accept bitcoin and convert them automatically into stable coins so I don't see what the problem really is.

If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
No one can control the price of bitcoins my man that's the catch and even Satoshi cannot control it who eventually created Bitcoins, such is the nature of a decentralized asset that even the creators cannot control the price and transactions once its public.
3390  Economy / Economics / Re: Rich have too much on: February 21, 2021, 06:11:07 AM
The meaning of the topic is not a bit about taxes. It meant that you should force rich people to "share" their money with the poor. Taxes are a little different. Taxes form budgets that provide social security and other "services" that the state provides, including you. Taxes are PENSIONS, taxes are social assistance, taxes are medicine, and much more. When you retire, you will receive it from taxes that others pay. This is normal practice. But just take your money from your wallet and give it to a lumpenized citizen who simply does not want to work but wants to live well - this is not acceptable, I completely agree here. The principle is simple - if you are not a person with disabilities - WORK! No education - there is a lot of work that does not require higher education or specialized knowledge!
Well, I do agree with you to a degree but that is just an ignorant point of view when you consider how little amount of work available for everyone. Just to make it clear I mean that people who go to college and get a degree fails to find any job in their own place about their own job, most of the time they either go to another career or they just switch places and relocate, and even when they complain about it, they are told "well you shouldn't studied social studies in that case and get a stem degree!!!", why? Why shouldn't they study social studies? What is wrong with psychology? Or art history? They are all very valuable and these people finished colleges for that topic, they should find a job.

On the other side we do not have enough work available for everyone living in all nations, even if every single job was filled and no company was looking for a new worker, there will be unemployed people. So long story short it is not always about "people who want to not work" it is about people who can't find work.
3391  Economy / Gambling discussion / Re: 2021 NBA Season on: February 20, 2021, 08:30:01 PM
Anthony Edwards looks like kind of guy who would be a decent career guy for 10+ years easily while never bringing his team to any success unless he moves to a contender. Some players are just unlucky, look at Donovan Mitchell, that dude would be FMVP in another championship level team yet he is in Jazz and I know how we love to talk about Jazz being awesome right now but the reality is that they are good NOW and I do not think that they will be great when it comes to playoffs, it is a whole another situation there.

Edwards will be a great player for years to come, but he needs to either change teams if he thinks he will ever have a chance, or he will be just a Dame type of situation where the player is clearly one of the best in the league whereas his success is nowhere near his talent levels, we have seen players much much worse that won the ring whereas Dame barely got above first round just recently.
3392  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 20, 2021, 07:19:56 PM
0.0001 BTC is definitely not a bad bet either. Bitcoin has already breached $56k today and will probably breach the $60k target soon.
So even if you put 0.0001 BTC and win the betting range and assuming that the winning odds remain 14x the return would be 0.0014 BTC which would be around $85 at that time.
But I think since there are a few days still remaining many people will dive in to put their bets in that range decreasing the odds.

P.S : I just checked the range again and the odds are already decreased to 7.98
Depends on how much money you have, if you are a person with 10+ bitcoins here, throwing 0.0001 is basically nothing, you might as well win or lose and you will still not get anything that is worth your time at all, which is why I think it is quite obvious that these odds and all the betting in the world is depending on your bankroll and the risk you are willing to take and not just the result.

If you are a person with 100 bucks in your name and risk 50 bucks and lose it, you will be very sad, but if you win it then you will be very happy, same goes for a person with 10k that wagers 5k or someone with 100k wagering 50k. However if you have 100 bucks and risk 2 satoshi you won't care, same goes for 10k dollars for 20 satoshi or 100k for 20k satoshi. Basically, it all depends how much you have and how much you are willing to risk it as well.
3393  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Dogecoin overpriced? on: February 20, 2021, 06:27:39 PM
Dogecoin is overpriced in my own opinion. You have to wait for a major correction or retracement of Dogecoin. We all know the sudden pump is as a result of Elon Musk's shills. Wait for some corrections.
The corrections are going to be quite big too in my opinion because correction don't bring the market down by much but this time it might collapse the market once it happens.

-snip-
Some amazing insight and I agree that a coin like dogecoin is best suited for cheaper price because the transaction fees is hence lower and the confirmation timing is also faster since not many transactions happen when the price is low.

I think the price will stay for a while because the guy backing dogecoin is no ordinary man and he is now the richest person so he must be able to hold the market to a certain price himself if even everyone else dumps.
3394  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin did you make the most money from? on: February 20, 2021, 04:30:10 PM
Glad you were able to make profits with Ripple because of the problems they have been facing recently, I thought all the holders of Ripple are in loss and I remember the price dropping as low as $0.25 or something quite recently although it has recovered well now.

As for me I have made a lot of profits with altcoins but the most recent one was UNI swap tokens which I could not get for free when they were distributed but I was among the ones who bought the token at roughly 3 dollars each and managed to sell at way higher price and could have even sold higher had I just been more patient but never mind I made enough to have no regrets.
3395  Economy / Economics / Re: Still confused why bitcoin is so bullish? on: February 20, 2021, 10:10:49 AM
Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value. I don't know if it is  a scam or not
Did you purchased your bitcointalk account? By the looks of it you are a full member in bitcointalk and you are saying that you have no idea what makes any crypto currency go up or down, that doesn't really compute well with a full member account. As we all know people thinking that bitcoin will go up and buying bitcoin makes it go up, and people thinking it will go down and selling bitcoin makes it go down, that is literally the only reason.

There is really nothing more than supply/demand mechanism at work here, that is valid for almost everything in life as well, same as gold for example, same as silver, those do not have a real value neither unless you actually use them for manufacturing something, but most people do not "use" gold, they just buy it as investment and that's it. Same logic applies to crypto as well and there is really nothing to be shocked about it.
3396  Economy / Economics / Re: Bitcoin and Crypto Jobs 2020 on: February 20, 2021, 09:16:43 AM
Thank you very much, it's really helpful, I only have a question is these are still useful in 2021?
Explore the job search engines. Lots of jobs associated with blockchain is available. People aren't skilled enough in my view, because job opportunity that has listed months back are still in the active job available section. Programming skills are the much required one on blockchain related jobs. Apart from development based jobs we've got more and more number of marketing related jobs. When getting into marketing related jobs, make a back check. There are more people hiring marketing candidates for scam promotion.
Saying people aren't skilled enough is wrong because those who are skilled are already occupied into big companies and others might not be checking this thread so they would not know if there are any such opportunities. Its similar to how I want to sell my old car and someone down the street wants to buy a car but neither he knows me, nor do I know him. There are enough workers and employers but there needs to be a platform to connect them with one another.

All these freelancer sites are so crowded that anyone serious about their business or an employee who respects his skill set won't bother getting dragged to the mud and get absolute joke of a salary. Literally as any job comes there are hundreds of guys applying at dirt cheap prices which not only brings the value of the skills but the quality of work the employer gets is terrible too.
3397  Economy / Gambling / Re: NEW CRYPTOCURRENCY CASINO WITH LOW HOUSE EDGE on: February 20, 2021, 08:41:37 AM
What are the welcome package for new players and you should work on updating your site to have better graphics, what are your deposits and withdrawal conditions because I can't fine them on the site. Any ways congratulations on the lunch of your platform.
There's no limit in deposit and withdrawal
I was sure this cannot be true and to double check myself I made an account and I can see the minimum withdrawal is actually 20 GBC, which is their only currency to bet on the site.

One strange thing I noticed on the site was that when I rolled the wheel, I got some 0.4 tokens but that never got credited to my balance or anywhere. So I mean what does that even mean if you are not going to credit the winning amount to the balance? And mind you the faucet shows negative amounts of coins which is quite strange.

One more thing, I don't like that discord message in red on the top all the time, I mean I don't want to join discord and other things so at least put a small x so I can close that notification at least.
3398  Economy / Gambling / Re: Stake.com - Casino & Sportsbook - Play Smarter 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: February 20, 2021, 08:03:04 AM
I won 1.7 BTC a few days ago. Stake didn’t let me withdraw my winnings because I (citation) "cannot use that account to make withdrawals".
Later they said that «There is a slight delay due to an ongoing investigation» and blocked my account completely.
Stake support didn't give me an ETA and I'm getting nervous about all this. I lost quite a lot of money at this casino, but as soon as I win I got blocked.
How long does this "investigation" take and when am I going to receive my winnings?
Look, I don't judge people by when they joined because even some of the oldest members on the forum are idiots and some recently joined members are pure gold. But really when you are accusing a giant casino and sportsbook like stake.com you must offer some proofs or anything that can back your claim.

1.7 BTC is not a small amount and maybe that is the reason why an investigation is going on, although I have friends in stake chat who have withdrawn way higher than that without any problems.

Also since you are new, I suggest you to use the right section of the forum which is Scam Accusations section for posting these kind of reports. But I repeat, please don't even bother creating a thread there unless you have been actually cheated and have enough evidence to back your claims. Every time someone comes with an accusation its stake who comes out true at the end.
3399  Economy / Economics / Re: The pros and cons of going cashless on: February 20, 2021, 07:18:31 AM
I believe that we are really talking primarily about the convenience of using cashless payments, because it makes no sense to talk about the lack of independence or increased state control over a person's income and expenses using cashless payments, since any funds pass through bank accounts before this money appears in your wallet. Even when cashing out cryptocurrency, the funds still go through the banking system.
When cashing our crypto there are multiple ways of saving taxes if one wants to by converting your funds into paypal and then spending from there and let me tell you there are countless paypal account sellers. The there are services that allow you to buy products from amazon or other shopping sites for your BTC by charging a minimal fees. I am not supporting these acts but neither can I deny that this happens very often.

I don't think the government will abolish the circulation of cash and replace it with a digital currency, cryptocurrency. Cash will still be needed even though for countries can possibly delete it.
It will happen slowly maybe because going from traditional cash payments to online transactions require education among the society because not everyone is habitual of doing transactions online and forcing them might lead to loss of money.
3400  Economy / Economics / Re: "Looks as if #Bitcoin is eating #Gold". Good idea to buy some Gold now? on: February 20, 2021, 06:45:46 AM
Investing on Gold is always a good idea and why not you too invest on it? It is mandatory to hold few hundred grams of Gold in or savings all the time for emergency needs when nothing is liquidated as Gold. I guess some of the rich people are moving to BTC from Gold that is why the price is dropping but still gold remains in the top of total marketcap and it deserves it.
Gold remains on the top because it is recognized globally. Imagine if gold was being mined more than iron then it would have absolutely no value so its valuable because the demand is always there because the supply is very limited.

I don't hold much gold but my parents do and I respect their decision because not everyone has the same confidence in Bitcoins or crypto currencies as I have or anyone here in the forum has. I don't want to force my decision onto them either, but yeah whatever money I manage to earn and save in my life all goes towards either spending on needs or if I am saving, it always is saved in the form of bitcoins or sometimes other coins like ETH, DOT,etc
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