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3461  Economy / Speculation / Re: Now Lot of things to focus on BTC!! on: June 01, 2020, 05:30:25 PM
It is not really that easy to break the wall, it is possible and it takes couple tries but the thing is if the market is not breaking the wall that easily, it means we are not doing that well neither. The difference between being at 9k and trying to go to 10k and failing 3 times but succeeding on 4th and somehow being at 9k and just going to 12k in one try is the simple fact that bull run doesn't wait, so the second one is a good bull run whereas the first one is just an expected increase that is not surprising to anyone.

In order to make a lot of profit very quickly, we need the second kind, in order to make regular investments we need both, there is no way anyone needs the first one. Plus when it tries and fails many times, that shows sellers that buys have weak hand, that means of a short future buyer manages to sell bunch of bitcoin all at once we could drop a lot and make them money as well, so they are going to test it if we fail one more time.
3462  Economy / Gambling discussion / Re: Do you gamble to escape your problem? on: June 01, 2020, 12:59:41 PM
No, I will never gamble for my personal preferences but I will go only as per my predetermined schedule.

That is a simple practice I am following for many years because only when I do gamble as per my schedule I believe I can avoid gambling addictions. If you notice, people who are gambling at their wish, easily getting addicted over the time. Because once they get practice to gambling and its excitement, they will never prefer to get out of gambling. That must be the core reason why gambling is more dangerous for making people addicted.

I agree gambling is for entertainment then why not go for it to escape from of a problem. But, in my opinion people are escaping from other problem but entering into a very big problem of their lifetime which must be gambling addiction if they prefer to go for gambling to skip facing life's other problems.
3463  Economy / Gambling discussion / Re: When you do think you can start betting in sportsbook again? on: June 01, 2020, 12:18:32 PM
I guess I do not need sportsbetting anymore. Yes, I have already found the alternate for sportsbetting and I am very much comfortable with my current gambling activities. I mean I am already into esports betting which is providing all the comfort of what I actually do expect from my gambling. Fortunately many gambling houses have already started esports betting which must be another reason that I do not have plans to switch back to sportsbetting.

Previously I have switched from dicing to sportsbetting for the reason of no strategy in dicing was profitable to me and this pandemic times around, I found esports betting as an replacement for my sportsbetting as no real sport took place. Unexpectedly esports betting is profitable to me compared to how I have performed in sportsbetting. So, I guess I may stick within esports forever here after. Hope many people here already have decided like me Cool.
3464  Economy / Gambling discussion / Re: US Presidential Election 2020 on: May 31, 2020, 08:22:08 PM
You know what all of these riots manage? They manage to rile up people to go out and vote, people who are upset about the current situation and everyone who is mad, will probably go out and vote to remove Trump from the office. You know what is more interesting?

People who are upset about a black person being killed by a cop and started protests and riots about it, probably didn't voted for Bernie Sanders the candidate that has been supporting black and all minority communities since early 60's early teenage and young adult ages. There is even pictures of him at 1968!! that he got arrested for supporting black rights.

If America wants the right politicians, they should not just riot when something bad happens, but they should go out and vote, 34% of people age between 18 and 24 vote, that means 66% of them do not even vote. Go out there and vote for every single democrat in every single county and you will see a HUGE change in politics.
3465  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: May 31, 2020, 07:45:24 PM
The leagues are still going on, I know that normally we would be in a hot place about the transfers nowadays, eventually teams would be starting to transfer in a month easily, but right now we are nowhere near that with many leagues haven't even started, maybe only Bundesliga but that's it, all others still have time to start.

It means the leagues will start in 2 or 3 weeks, and after that they will continue for probably another month? I don't know how long it will be but they will continue for a little while. They will have the break part where they are going to give a break. And only after that we will be able to start talking about transfers. Of course Pogba and juventus has been a talk for a long time, but I think we still have time, they could still figure out something to get him if they really want to.
3466  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the new cryptocurrency worth buying on: May 30, 2020, 07:23:59 PM
Definitely I will not risk with any new cryptocurrency if I were you. I will again go with only bitcoin investments but this time definitely for long-term planning. Honestly I could not get your level of risk taking capability because you are basically sounding like you are a high level of risk trader rather than simply looking for making huge profits out of investing only with bitcoins. I'm saying this because you had a previous experience with bitcoin investments hence why not you go for repeating the same for one more time to enjoy same level of huge profits.

Unlike most new cryptocurrencies, bitcoin must be having definite future because it is time-proven whereas no other cryptocurrency is having such a guarantee. You can get 1000 times profits from an altcoin investment but that will be possible when you will be covering at least 50 to 100 altcoins. So, the probability to invest into a right altcoin is very very less. It means it is highly riskier than investing in bitcoins.
3467  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is safer, USDT or Binance USD? on: May 30, 2020, 06:33:55 PM
I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
You should plan for only short-term because anything may happen in the future with the most of the stablecoins. I mean government may start at any time regulating stablecoins. Because stable coins may be misused for money laundering like how fiats is being used for years. So, it is not at all recommended to plan up any investment along with stablecoins. Regardless of how big binance platform is, their stable coin may be seized or banned by their government if they find it a threat to their economy.

I am also making use of some stablecoins but definitely not over the day, I mean I will not hold any stablecoins for the next day yes I will finish off all my trading which are involved with stablecoins within a day. This is a simple precautionary measurement, I am following to avoid any big losses just because of holding stablecoins. So, I highly suggest you to go for with proper planning about your stablecoins related things.
3468  Alternate cryptocurrencies / Altcoin Discussion / Re: WazirX coin over the moon. on: May 30, 2020, 05:47:15 PM
WazirX has a great future, and now is the time to buy.
Are you sure? I do see a lot of people are as well recommending WRX token for long-term holding because it might be having bright future like BNB. But, I am so far hesitating to invest with it. Because, BNB is an international exchange and might be having customers(traders) from worldwide whereas WRX is only Indian traders so might not be having many customers from worldwide.

It means we cannot expect same level of growth for wazirx token as per how BNB performed in last few years. I may be wrong but I believe this could be one of the reason why WRX is not being attractive to most crypto investors here. Probably only after some time WRX will be proving itself about the worth of investing with it, people might be starting investing with it. People who want to take risk, may go for WRX right away because it is currently cheaper than when OP started this topic.
3469  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in cryptocurrency but which altcoins is good for long term holding? on: May 30, 2020, 04:40:55 PM
Always go for Bitcoin and make Btc your priority over the altcoins. Don't be greedy about investing in altcoins and even the price of btc is still high. ETH and Monero are good investment but I'm not really fan of Bitcoin Cash so I don't recommended it. I'm holding ETH and BNB for a long time, I have no plan switching to over altcoins, I just stick to them. Some coins are just hype so don't easily invest to them.
This is what exactly my opinion as well. We should give more priority for bitcoin investments along with long-term planning. If you notice, altcoins are good only for short-term and anything planned along with long-term holding might be possible only with highly reputed few altcoins. If you plan with random altcoins for long-term, then you will burn your fingers. There are a lot of choices available to go with altcoins and honestly I'm not going to name anything here because I am always recommend to go only with bitcoin investments and that also should be for long-term holding.

After the recent halving, bitcoin is going to have very strong bull run. I'm not sure how many people are going to make use of the upcoming bull run of bitcoin but I'm seeing a lot of people are interested in investing with altcoins but honestly I'm not getting their reasons. It is individual's preferences, I agree. Still I like to recommend everyone to go with only bitcoin investments.
3470  Economy / Economics / Re: Just a remark about Bitcoin, Gold and Water... on: May 30, 2020, 03:27:06 PM
I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy
Any opinions? Wink
That's wrong. Water can be seen everywhere, so there is no similarities between water and Bitcoin. Moreover, basically you are contradicting yourself. If you are talking about nature then natural cloud will have water and the electronic format cloud will have anything hence why not bitcoins?

You can even find water these days more than you can see Gold; there are streams, lake, rivers and there rest of them and it's even in your house when you switch on the tap. I think cryptocurrency (Bitcoin) is very unique, and what it requires is trust. It's something we don't see, it's simply mathematics and numbers that you only see on your screen using your computer or smartphone. We just have to trust in Bitcoin and it will keep growing, if not, it wouldn't.
3471  Economy / Economics / Re: Some Strategies to Face the Next Crisis on: May 30, 2020, 02:53:15 PM
Most people around the world are experiencing an economic crisis, we must be able to make strategies to deal with the crisis. I suggest
in a crisis situation like now just buy something important, avoid borrowing money especially from banks, always keep some of the salary
we get and always try to find additional income. That way we can facing the economic crisis that is happening all over the world.
You're right about that, there are companies right now that will be looking for ways to sack their employees and reduce their workforce. So, anyone that's working in an office or company should be serious with their job so that they wouldn't have to lose it. I am afraid about the continuation of such bad consequences because it may go worst in coming day than what we are having right now.

There are already some companies I know that have started sacking some of their employees, so people really have to be careful. And as for investment, I don't think there is any investment that is really short term except cryptocurrency where you can invest and pull out at anytime you want, and moreover you don't even know where the price is heading to next. So, you just have to be sure that you have enough money to invest.
3472  Economy / Trading Discussion / Re: Those that hate risks! on: May 29, 2020, 10:32:20 AM
Trading is not meant for people who don’t like taking risks and it’s also not meant for people who don’t have enough money to take that risk. Even if you like taking risks, you still have to put some things into consideration so that you don’t end up making a mistake you will regret for a long time. That’s why risk management is very important.

You shouldn’t be afraid to take risks, but at the same time you should know how to manage your risk since your main purpose it to make profit and not loss. If you don’t put all these things in mind you will end up losing money all the time and your risk would be for nothing except loss. Managing risk is easier unlike most traders are afraid on it. Just with experience and practical knowledge anyone can minimize the risks which will definitely help them to maximize the profits.
3473  Economy / Trading Discussion / Re: What was your experience trading cryptocurrency? on: May 29, 2020, 08:57:28 AM
Trading for me has been a bittersweet experience lol. But I would say it’s more of a sweet experience now that I’m quite good at it and the losses I make are little. At some time I decided to give up on trading because it was starting to seem to me like it was a gambling, since I was still new and I was losing regularly with every trade I make.

It wasn’t easy and I had to keep trying and giving my best. I didn’t have much then , but I still kept trying with the little money I could afford. Kept doing it and now here I am. I like to suggest all newbie traders to try hard at the same time with least capital. Trying hard does not mean you may risk more but it means you must try more different strategies. Strategies are your actual plans and without plan we cannot be successful nowhere.
3474  Economy / Economics / Re: The unfortunate event that is Quarantine. on: May 26, 2020, 08:31:28 PM
This is a global pandemic, there is no way that anyone wouldn't be affected by this. Even if you had zero infected in your nation (which I doubt there is any) you would still be affected because other nations are affected and that affects you.

At the end of the day 2008 was something closer in the sense that it was mortgage crisis in wall street that almost killed Greece and Spain and Italy, but there were so many that wasn't affected, this one is affecting the whole world and that is not something we could just throw out of notion that easily. World is affected and world needs to regroup together as well, no nation should try to do it all by themselves, the ones that can would still take longer without help, and the ones who can't will be under big pressure and debt and would really hurt.
3475  Economy / Economics / Re: What online service / product would you buy in this recession ? on: May 26, 2020, 07:55:13 PM
What online service / product would you buy in this recession ?

What virtual product/service would you buy now ,knowing that there is a economic recession ?
I am not buying anything apart from the things I need at home and I usually buy them online, except drugs. When I need to buy some pharmaceuticals, I leave my house to where I can get them and after that I go back home. As for food, I order them online, and it's not just food, there are other things I do need and I go through online stores and once I find them I make orders and it gets delivered to my house.

I never used to be into buying things online, but ever since this pandemic started I have been used to it to the extent that the lockdown got lifted and I never stopped. Bitrefill helped me to spend my cryptos locally to purchase what I need to be safer and alive. Luckily I got services which are delivering groceries for cryptos; honestly before lockdown I have never taken time to check with them but now I plan to buy my monthly needs using cryptos.
3476  Economy / Trading Discussion / Re: Why risk management is so important ? on: May 26, 2020, 05:31:02 PM
Could it be because if you do not manage the risk you will end up in bigger trouble than you anticipated in a move that you didn't suspected? You could do a trade or anything that could potentially be riskier than you know and because you didn't do your risk management you end up losing a lot more than you imagined for it. People who make sudden trades that pops up in their heads are the biggest examples of it.

There are tons of people who see a coin going up, they jump the bandwagon but while they are doing it, all those withdraws/deposits trades and so forth takes half an hour or even over an hour and by the time the money is there, the move stops and they end up with nothing in their hands, even lose money when it starts to go down and they didn't sell it before the drop starts.
3477  Economy / Trading Discussion / Re: How many Courses did you take to become profitable? on: May 26, 2020, 04:49:36 PM
I didn't take any courses, I used to trade stocks so I had a bit of a knowledge about trading in general when it comes to how it is done but that was probably the easiest step. Everything else was very different since stocks are tied to companies and if you buy stocks of companies that will profit in the long run (probably) and not bankrupt, those companies will keep on going strong for a very long time and you will profit. That is why Warren Buffet invested in Gillette and coca cola and stuff like that.

But bitcoin is very different, it basically has nothing it ties to, could be anything, could go up 50% in a moment, could drop 50% very quickly too, there is really nothing that is shocking in bitcoin world. All I did was keep on trying to profit and eventually I started to make some profits, I still lose a bit too.
3478  Economy / Gambling discussion / Re: Slots are better than Dice. on: May 25, 2020, 08:24:04 PM
Personally I do not really love neither of them because they are not really depending on you that much. Some "professionals" try to make it their work to profit from gambling on these yet the house edge makes sure you lose in the end on the long run so it makes no sense. I like games that requires me to do something, either know something, or bluff or be fan of a team and what not, plenty of games that involves the player to be talented at something.

Dice and slots are not like that, it is just click it and wait for the result, everything is out of your hands and you can't do anything about winning or losing. For example, in poker you could have 2-7 while other person as JJ and you could bluff them to fold, you had the worse hand and you still won which is what makes it fun, in dice or slots, computer decides what you get.
3479  Economy / Gambling discussion / Re: Be a professional gambler on your own way. on: May 25, 2020, 02:57:33 PM
If you are going to ask any professional gamblers how do they survive at the tables. No matter how good you are, they will tell you this: it's inevitable that you will have a bad string of results Ir even a bad year so we should always accept that we can lose the game.
That must be the usual practice of professional gambler, when you are matured enough then you will never lose your control on emotion which will be very important for being stable while gambling. If you are too stable while gambling then you will never go for chasing your losses. Most gamblers are losing all their bankroll when they try to recover their previous losses. So, if we start accepting losses then we go for fresh attempts which may lead to profits as we may gamble without any emotion failures.

Only for the people who have sufficient experience in gambling, will be able to accept losses and then move-on. People who are emotionally weak definitely will go for chasing losses which again leading to further losses. So, only experienced gamblers can become professional gamblers. It means you must need your own time to become as a professional gambler.
3480  Economy / Speculation / Re: The Big Short movie, BTC edition? on: May 24, 2020, 08:13:00 PM
Of course they are lying. Let's face it, if someone says that they are going to get audited and then stops working with the company that audits them, it shows clearly that they wanted the company to lie about the audit and tell it was 100% backed and when audit company declined to do something like that, they severed ties with them.

Look at the banks they work with, those banks telling us that they have enough money, even more than enough money in their bank means zero because they are not really a true bank that you can trust. Put all your money into a trusted american or European bank that we could see and that is when I will once again start to trust tether, until that moment they are just bunch of people who basically stole a lot of money in a very smart way that nobody suspected.
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