That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.
NFT hype is over, what do you think will be the next hype to prepare for?
I think NFT has more than just artistict designs to be sold at extraordinary prices. NFT has a value but the are is still unexplored. Art and drawings is just the tip of the iceberg. May be in future we might see how people bring innovative ways to use NFTs. The NFT hype may be settled for now but it's definitely not over yet. I bet PoS project maybe will be the next hype, the last mention from Elon that he need a environmental friendly cryptocurrency coin could be a clue for it.
For my bet, i pick EOS.
If PoS starts the next craze then I would place by bets on Solana. I think it's better than EOS and any other PoS coins out there. But Solana already recovered, if i have money, i wont spend much money on it. I will spare the fund to IRIS, WAN, and EOS. Both are still undervalued and not recovered yet. What exactly do you mean by Solana is already recovered ? If you mean that the price is already high then you can either way for a correction or buy it and start staking to get better returns. Anyway, that's your personal choice. Whatever you put your money in, make sure to do a good research before putting your money in them. |
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What's the use of such value if it has to come from one single person and not because of the product's actual worth ?
The price would only increase because there's an influence over it and it would probably decrease if the influence is gone.
If the price increases because people realize that it is worth it then the chances of decreasing in price becomes very low.
That's what happened with Elon Musk. I am happy that we faced the current decline because now we know the actual price of bitcoin.
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I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
I personally like one factor of bitcoin and that is it's deflationary nature. Since the supply is limited it increases in price almost every year. Holding fiat is like giving away your money to someone else while holding bitcoin gives you the ability to 'own' your money while getting pretty good returns on it. I know the dumps can sometimes be devastating but it cannot be all rainbows and sunshine. I don't worry about my bitcoin's at all since I hold it for long term and price definitely increases in the long run. |
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Keep it simple. When you send bitcoin to someone your bitcoins are basically going out of your wallet.
It doesn't matter if you keep them on an exchange or lend someone. You don't have any control on those coins.
If that platform loses your coins you lose your coins. So lending bitcoins just to earn a little percent on it is a bad idea.
It's different with proof of stake where you can still control your coins indirectly but with lending it's a high risk low return strategy which we should avoid.
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The gambling casinos/websites earn a good amount of profits and hence have to pay more tax
The money received from tax is then again used for the welfare of the country.
But yeah, we can still debate with the fact that many casinos dont pay their taxes and many countries don't use the tax properly for the welfare of the country
The best question is , How much does the taxes helping the economy than the amount losses from the players? That can never be found out because every country has their own rules and regulations and most of the countries have corrupt people everywhere. Corruption can go to any extent which is why it's hard to know how much money is actually flowing into the welfare of the economy. Unless these governments use blockchain system to publicize the taxations there will be no way to know the truth. It is true that this is impossible to measure since there is simply too much information that is completely unknown to us, but at the same time this is not the only way to measure things, do we really want to live in a county that goes out of their way to regulate behavior that in its nature is not criminal? Basically do we want the government to tell us what to do and what not to do in our free time and to allow them to decide in what do we spend our money? And I certainly do not want that. Basically, every human being does not like to be controlled by anyone. Therefore, we often see violations around us, as well as related to gambling. Many people feel uncomfortable if the government interferes too much with activities that are indeed entertainment, such as gambling. But the government needs to make regulations regarding gambling, because gambling has the potential to cause negative things if left free. Because not everyone is able to control their emotions and behavior well when playing gambling, so I admit that there needs to be rules from the government for gambling. As long as these regulations do not interfere with our comfort in gambling, and prevent bad things from happening we should obey the rules applied by the government. What you say is actually correct. Even I am more interested in being independent and free but as you say not everything should be left free and unregulated. Gambling does have negative effects and so does many other things and it is for our best interest that everything is regulated by the governent. But sometimes the governments take control of certain things which is wrong. This is where things tend to get messed up. What is right for one might seem wrong to other and sometimes the government use such opportunities for their own benefits. |
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I really like this sport, besides football, rock climbing is one of the hobbies I do on holidays with my friends, I think rock climbing is a sport that is far from cheating in its competition compared to other sports that really often involved in the form of cheating, just like you, I also searched on several gambling sites but did not find any sites that made this sport a form of online gambling and it seems that rock climbing is not a sport that can be used as a bet because it has few criteria in judgment to determine winner.
I think cheating can happen in any sport and it just requires some tactics and corrupted volunteers for the competition. May be people are less interested in betting for such sports and that's why the gambling sites would not have took the burden to add this sport. But as climbing gets more traction in upcoming years may be the gambling sites would start considering to add the category for betting. |
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Now that's exactly what's happening to me in these days. I am always in a FOMO. I plan my strategy and I wait for my entry point.
But as soon as the price goes a little down after buying I exit the trade. This happened almost 4-5 times now and I have exited the trade sucking up losses.
Yeah I know it's completely my mistake but I am trying to control my fear. I know I will overcome the fear soon and start sticking to my strategies.
Thanks for making this post and motivating traders like me.
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Talking about NFTs I had recently purchases one NFT on the Solana blockchain. The Solarian NFT is the first generative NFT on the Solana blockchain and since I am fond of Solana I thought of purchasing one NFT. The team is doing great and working on the product incrementally. The marketplace for Solarian will be launched soon which might boost it's overall price. If you want to purchase one you can shoot me a PM to know the details and also I will be benefited if you use my referral  |
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After what we have been through I can only say that Musk has made his tweet keeping something in mind.
He definitely has some hidden agenda behind it. May be he is building some kind of green energy source thus creating a demand for it and then later selling it as a solution.
May be he is starting all this green energy debate because he wants to use it for his business.
Only time will tell what his actual plan was but after the recent market manipulation Elon Musk is not a person to be trusted.
But unfortunately there are thousands of fools still listening to him and following him blindly.
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There's no denying it: Bitcoin is the only DECENTRALIZED method of payment in the world. No one controls how it is operated or mined.
Neither mining nor any other council is necessary. A rich person is yet again trying to exert influence over Bitcoin. Bitcoin uses energy and it is not a secret. The choice is yours whether you want to take it or not. It is not Bitcoin that is ruining the world, it is fossil fuel plants, cutting of forests, and millions of factories. Wouldn't it be better if they addressed that?
Why not just use any other Cryptocurrency if they don't like the energy of using Bitcoin? I believe that their biggest concern isn't energy use.
What are your thoughts on the matter?
No true bitcoiner will ever like the idea of the bitcoin mining council. Elon Musk has been making tweets and use his influence to manipulate the market. He is using his influence to create a mining council and disrupt the decentralization of bitcoin and there's nothing we can do about it until the miners self realize this fact. This is one of the disadvantages of an open community. It all depends on the miners now. |
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If you are a bitcoiner, you are your own bank. Nobody has the right to control your money. You should be the one holding it.
Bitcoin solves that and enables you control your own money and be your bank.
So in a way all the bitcoiners are bankers. So they all can speak whatever they think of it. You shouldn't be the one telling us not to speak.
Besides that, making a public post and criticizing them is not a good way to portray your side of the picture.
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I posted regarding this before back in 2018. Many said couldn't be done but i followed the methodology and the picks religiously and here we are. Spreadsheet shows all the picks in the log sheet and the dashboard shows the summary. Settings sheet has details on the money management. https://docs.google.com/spreadsheets/d/15CSvrT3osJos4P-Fni102v5fvZqaqm8Q/edit#gid=644533306 Only obstacle that you will run into is you will make enemies with books and majority of the books will limit your and shut you down. If you cannot get accounts in pinnacle and betcris/bookmaker you wont be able to get far as million. Now that's too good to be true. We can't really say if you are speaking the truth but if you are then you have done a really great job. Although you have posted the spreadsheet and all the specific details and calculations required, it is still difficult to conclude if it's genuine or fake. You must either be really lucky or really wise to create such a strategy. If you have won a million dollars then you can make more millions with that amount again. |
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I don't what others are winning but today after 100's of spins the maximum / big bonus I won is 500 Satoshi and that too today only. I am spinning everday with my fingers crossed but it seems the luck is not the best at this point. I dont know how their system works and on what basis they choose the winners but since it is free stuff, I dont think it is worth fighting over it. I am not saying about those who have premium services activated. For those who are just free here, should not be arguing over free money. Anyways, thanks FreeBitcoin, gracious for the 500 SATOSHI.  Hundreds of spins...  Don't exaggerate bro, if you had really played hundreds of times at the Wheel Of Fortune game it wouldn't be the first time you get 500 sats or 500 RPs. I get this kind of prize several times per week at least. If you want to win bigger prizes than 500 sats(worth 0.18 USD as of today) you just need to buy some FUN tokens and you will really be able to play hundreds of times. Several times a week ? You must be on the Premium Membership or you must have those FUN token bonus then because a user cannot win these prizes several times a week. We get around 1 free WOF spin everyday. So there are just 7 spins in a week and hitting 500/500 RP/Lottery/Sats several times is quite uncommon. But yeah you are right on the over exaggerating part since even I get these wins at least once or twice in a month. Which means I hit those wins at once or twice in 30 spins. |
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On June 08 2021, I asked to Duelbits support to please ban me from the website after a constrain confusion taken with my fiance to ban myself from the website so I don't gamble the money which I withdrew of 45k to my LTC account. This withdrawal was manually being processed and while being processed I put in an email to their support team to please ban my account due to gambling habits. Fast forward, they let me keep depositing post that and when I emailed the team regards to it & they said that it takes time for them to appeal the request and that they now will ban the account ( Since 2:14 am 11th June 2021). This is completely unfair on their behalf of not taking a single thing in consideration and I have all the email trails, chat logs with them for this. Now when I try to contact the support, they simply just ignore and don't do anything about it. The owner replies at times and completely ignores to what I say. I really don't know what to do, my life has fallen apart. My fiance has decided to move-in with her brother due to my compulsive gambling addiction... I don't want to keep talking about this and play the victim card since it is all my mistake but I would assume just like other websites, they should be adhering Responsible Gambling seriously and should've banned the account right away because of my request given through chat and email. I've posted an imgur link with all the necessary screenshots needed: https://imgur.com/a/U3Try3c Sorry for my english, its not my first language but tried my best  It does seem like you have a gambling addiction but at the same time it's good that you are trying something to quit that habit. If you are still able to deposit on the gambling sites you should just make the funds inaccessible to you. Just withdraw all the funds and give the custody to your fiance if you can't control yourself. Also, why don't you put all the gambling sites in the block list so that you cannot access the gambling sites itself. Besides that, you can also tell your ISP (Internet Service Provider) to block all the gambling sites to your IP address. |
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Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers
I would recommend first understand the basics of trading and watch some tutorials and do some trading courses. This way you will get a better understanding and you will be able to perform well by using the indicators. Most of the times the 3 main indicators used by many traders are RSI, EMA and MACD. If you master these then you don't have to worry about any other indicators and you will be able to analyze the market better. |
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i watched a couple of courses and read a couple of books, and I liked trading as a career and I want to solid my information and skills I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career here are the books and the article https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/, is it a good plan? Courses and tutorials are definitely a good way to get started but you will also need real experience in trading because that's when you will learn how the market behaves in real life. I did the opposite and started trading without any knowledge of it and ended up in losses. Although I lost I did get a good exposure on trading. Then I learnt how to trade and started trading again. I ended up in no loss no profit since I lost half of the trades and made profit on others. I am learning more these days and hopefully start making good profits in near future. |
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Given the high volatility of the cryptocurrency market, it is not surprising that every day a large number of traders who have margin positions receive the liquidation of their orders. On the last rise of BTC, there were about 1 billion liquidations already for those who opened their orders in short.
That's the risk of margin trading, you don't control that much the result of trading and anything can happen in just instant. The market is very volatile, there's always a risk so invest only if you can afford to lose that money. There's a lot of sad stories from the previous liquidation, if you don't want that to happen to you, just make sure to take only the risk based on your risk appetite, and don't be greedy. You guys are right. Margin liquidation has become quite common in past few weeks. Even I have lost more than 75% of my money in my futures account. Although I had just deposited around $250 in futures account it still shows how not using proper stop loss and high leverage can result in high losses. I have currently taken a break from trading until the market trend changes. Right now I believe the market is going sideways and so it's better of not to trade at all and wait for the new trend to begin. |
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Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.
Thank you!
There are many good books out there which you can read to understand technical analysis and then apply that knowledge on the charts and find out an approximate exit point. But nobody can accurately predict the price of a crash. Learning more about technical analysis and keeping an eye on the market and news will give you a good understanding of when to buy and sell. You can follow the trend and get your profits and cash out on trend reversal as well. |
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With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market. I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.  That's not entirely true. New coins are not less secure if the tech is implemented in the right way. Yes newer technology might have greater of chance of vulnerabilities but at the same time it improvises the efficiency and integrity. But I get what your point is. Older coins are a good to invest in but at the same time it should still have value and active developments. Only then it is worth to invest in it. There's no point in investing in old coins which are not active in developments and improvising the product. |
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