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3481  Economy / Economics / Re: 6 billion to solve world hunger? on: November 04, 2021, 04:35:49 PM
What is the real number then? I mean is there even a specific number? If it is not 6 billion then would 60 billion work? Would 600 billion work? We had USA printing 2+ trillion dollars twice in the past 2 years, what would happen with 4 trillion dollars? Would that solve world hunger? We had that and nothing too grand happened for USA economy, sure it is not great but it is not at the brink of poverty neither. Which means maybe USA could print enough money to solve world hunger forever and they would be able to not get impacted a lot from it as well?

None of that would work, the reality is that world hunger is a manmade thing, if all those dictators and political parties and so forth didn't let it be then we would not have any world hunger. Money is not the issue, you could have unlimited amount of money and still wouldn't be enough, how are you going to solve the starvation problem in North Korea if they won't allow you? Or how would you stop a dictatorship if you keep giving them food constantly to feed it is people and affectively making them more powerful? All in all, money could solve "some" world hunger problems, but not all of them, only a small portion of it.
3482  Economy / Trading Discussion / Re: Making profit with a bubble on: November 03, 2021, 07:15:10 PM
We all know that this upward move won't last forever, even if a real spot ETF is gonna be approved (that would cause another big rise, in my opinion), one day we will reach an unsustainable point of extreme overvaluation and a single fundamental event will trigger a huge dump.
Yeah, you can make profits out of bull and bear run even if you are trading only on spot markets. Just buy now and hold until bitcoin prices showing rapid movements like daily 10% upward and then if you notice it reaches $100k or $180k or $380k then you may sell from there and hold your fiat or stablecoins and wait for another 6 to 10 months to buy back. Bitcoin's this bull run's ATH may occur by end of this year or by mid of next year and from that point you may sell and hold fiats or stablecoins.

If you have reacted to sell by December 2017 and would have bought back by December 2018 or March 2020 then you might have got 5x more bitcoins for your same investment. I am sure already many people might be into such a practice.
3483  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: November 03, 2021, 10:44:36 AM
In their first match against Sri Lanka, they managed a total of just 96. Against Afghanistan, they made 98. And Pakistan bowling attack is much superior to either of these two teams and they managed 140 plus.
I guess all these 3 matches were played on same venue. I am sure all UAE pitches are not same still Namibia played above all teams on same venue and they showed a drastic improvement in their batting depth; scoring 140+ against Pakistan's bowling attack definitely a big achievement for an associate team.

Right now, in a day match in Dubai New Zealand's Kane Williamson got out for a duck against Scotland. Dubai pitch is seeming too hard to bat first. New Zealand managed to score 52 runs in powerplay over for the loss of two wickets. This might be an easy encounter for New Zealand which is the reason I was not able to find a better odds for New Zealand winning at any of my favorite sports books.
3484  Economy / Gambling discussion / Re: 2022 NBA Season on: November 02, 2021, 08:58:13 PM
Bulls game was amazing, they really played a great offense and everyone focuses on that but they played amazing defence as well. By comparison Celtics had nearly 30-35 point 3 quarters if I am not calculating wrong, and they ended up with only 11 points on the fourth quarter. Sure there are times when players have bad stretches but a whole team who have been amazing suddenly becoming bad doesn't happen against bad defensive teams, Bulls really locked them down very well. Aside from the defensive clamp, Derozan played amazingly as well.

I am a Spurs fan and I kept saying that dude became even better than his Toronto years, wasn't a perfect fit but that dude keeps improving each and every single year.
3485  Alternate cryptocurrencies / Altcoin Discussion / Re: Which one is best and safest STABLE coin? on: November 02, 2021, 07:49:32 PM
Anyone who says that USDT is the safest has no idea what the safest means. Even BUSD is safer because it is backed by Binance and we all know Binance is a great place and they are more trustworthy than a company called "tether" that has absolutely no other product. Tether just gets your money, puts it into other stuff that could be sold quickly and has liquidity, make a small portion of profit from it, and gives you nothing at all.

The moment they lose some of that money means that they are not backing USDT and that is very risky. On the other handBinance is a company that makes billions all the time, they could simply just allow people get paid and make that back eventually anyway from the trading fee profits.
3486  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can SHIB rise to 0.1? on: November 02, 2021, 07:04:42 PM
A few statistics: 8,000 US dollars, 400 days, 5 billion, the most awesome investment. This is SHIB.
think about it, and do your research again. even doge needs something really big like Elon Musk to push it to its current price. for Shiba, it seems with his current potential, I think it's still impossible. maybe the price can go up, but i think for $0.1 even $0.01 it is very difficult. well, i know that quite a lot of people had their hopes up on shiba and thought that this could be a second doge. well, but think about the risks of all this. it's like a "forced" token the same as dogecoin
There will always be a bit of a "hype" mentality with these type of stuff. People will always be getting a bit of excited whenever they see stuff like 8k turn into 5 billion dollars. Nobody talks about the fact that if you ever want to sell that 5 billion dollars, you will crash the market so much that you will not only get less than 500 million dollars because market will crash, but you will also ruin the whole token forever just from one move as well.

I rather not have that, you could sell 5 billion dollars worth of bitcoin or eth or bnb and yes they will crash but they will recover easily. This is why I do not think that there is any problem with this type of hype, it doesn't phase me at all.
3487  Economy / Economics / Re: Getting things off your list. on: November 02, 2021, 06:15:07 PM
What the op's suggesting only works for wealthy people who have the money to buy stuff but just stall for some reason. Also, I'm not sure that I fully agree with this. For instance, buying a house is a bigger and more important decision than buying a mixer, so perhaps not rushing with the house and not overspending on a mixer when you need more money for the house makes sense. I'm against cars, but I'm sure the same goes for it: people aren't usually willing to buy a random car; they want it to feel right and to cost reasonably (in my country, there's a problem with cars being more expensive than in the EU, for instance, because of high taxation rates). It's important to have a list, and to get things off when possible, but some big decisions like the kind of house you buy require more thought than the kind of cooking utensil you buy.
Making that type of decision is something that people do not really think about too long in most cases because it is something you could be very very wrong and people do not want to know about it. For example, my mother in law bought a house way back in the day, maybe 10+ years ago. She bought a house that doubled in value and that sounds good right?

Well, many houses went 5x or even x10 in my nation and imagine if she bought bitcoin with that money. They would literally be billionaires right now with the same amount of money if they bought bitcoin 10 years ago. So all in all even if they put some type of money into "known" investments, they would still not be able to do anything remotely close to crypto profits hence it is not really a great decision.
3488  Other / Archival / Re: [POLL] What to expect from Bitcoin in 2022? on: November 01, 2021, 01:34:53 PM
Most people expecting the bull run to continue is a good sign. I really hoped that people would be able to get out of this mindset that every up needs to be balanced with a huge crash. Still, we could always have a crash, I am not saying that it is impossible, however we do not have to have it right away and we could go up for a very long time. It looks like we are in a situation where bitcoin will go up and will continue to go up.

What I suggest being careful about is the drops like we had recently, from 67k to 60k is still a drop, yes it is not a huge crash, we didn't fall to 30k but it was still a fall. I believe that the future will be exactly like that, we will go up a lot, and then a small fall and then another big up, keep repeating that for a long time.
3489  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 30, 2021, 09:32:36 AM
the truth is that some countries have banned bitcoin because they lack trust in the technology and do not want to be transparent. However, there are some countries that are interested in it. But I prefer crypto in terms of savings because you can earn money over time and it is difficult to get and spend your money, so it is really good for me in terms of saving because I am a kinda lazy person. However, for spending purposes, fiat is preferable because not all merchants accept cryptocurrency.
The ones that banned it are mainly places that have harsh rulership. If you want to rule over a nation without giving them any freedom to get rid of you, then you will also need to ban them to use decentralized projects that take power away from you and give it to people.

This is the biggest issue with China for example, there is no possible mechanism to dispose of CCP, they are the only one and they will only be fighting to keep that power, there is no possible way to get rid of them and that is why they banned crypto as well, they rather have their people follow their path and not use some decentralized currency that may send money away to another nation so that they may run away with that money. If you end up losing power because of crypto then you are going to be weaker and the results won't be nice for dictators who lose power, hence why they are afraid of crypto a lot.
3490  Economy / Trading Discussion / Re: Do You Use Technical Analysis? on: October 30, 2021, 09:15:33 AM
Do you use technical analysis when you trade bitcoin?
If yes, what are the best strategies? Bitcoin is so volatile now.
I like to suggest you to check 2 different technical strategies.

First one is moving average cross-over strategy:
https://www.fxempire.com/education/article/how-to-enhance-your-moving-average-crossover-strategy-271691

It has few disadvantages as well like you may not able to enter or exit at exact trend reversal level as it is a time lagging strategy hence longer time frame may help.

The second one is the pivot point analysis:
It will get you support and resistance levels and you may need to work out on when and where to buy/sell based on your observation as nothing permanent in the market.

Please check here:
https://www.investopedia.com/trading/using-pivot-points-for-predictions

Moreover, you may go trying combing these 2 strategies and may find your own way of developing stronger strategy.

One simple way you may do is, long term trading along with moving average cross over. Still, it needs lots of preparation and practices before you try on live market.
3491  Alternate cryptocurrencies / Altcoin Discussion / Re: To the Moon, To the Moon, Eventually people got bored fo moon landing!!! on: October 30, 2021, 07:44:33 AM
How much more Tokens can the industry welcome without succumbing to it's own lack of interest.
100 meme coins a week can only take us so far in the seriousness of this industry.
What else we could expect when bitcoin market is doing super bullish? Basically bitcoin attracts new investors but altcoin is industry trying to catch them in-between; moreover most investors prefer to follow diversification principle which is the basic weapon for devs to deviate naive investors to their side.

These too much of coins and tokens are not my concern any more as people will learn their lesson on their own and then will spread awareness against such new coins/tokens at least to their dear and near one. So, we need to bear all these until most people start ignoring. If we would not have these many coins and tokens and all the investment made so fat would have made only to bitcoin then we might have bitcoin already trading above $100k levels for sure.
3492  Alternate cryptocurrencies / Altcoin Discussion / Re: Can you Buy NFT Crypto? How Do you Make Money with NFT? on: October 29, 2021, 09:40:09 PM
Honestly people have overreacted to NFT world a lot, sure it is a good and new thing that everyone enjoys but do we really need it to be this big? I mean it could get even bigger don't get me wrong but it grew so fast and so quickly, I don't see why? I mean sure it is a good new thing but is it really THIS good? Do we really have the logical or reasonable backing about why it is so high? I have to say I do not think that NFT world could sustain such a rush and eventually it will be like gold rush where people who mine for gold will not get rich while people who sell shovels to miners will be insanely wealthy.

I keep seeing people creating useless and worthless NFT's and just promote it like hell for 100+ dollars, that is the lowest end where it literally is a shitNFT, this is why I believe things are going out of hand and we are getting closer to a doomsday situation.
3493  Alternate cryptocurrencies / Altcoin Discussion / Re: Meme coin craze on: October 29, 2021, 09:09:52 PM
When there are more advanced meme coins like Dogecoin, then copy coins will also be born to take advantage of certain moments such as hype and trends, an example of this you can find in Babydoge.
After that when Shiba Inu gets a lot of good responses and amazing pumps, then a meme coin with a copy of this name will also be born as you have mentioned and all of them will trap everyone who starts to believe in him at this time.
Advanced like doge? Doge was a joke, it was literally made as a joke and it will always stay a joke as well. I do not think that there will be any situation at all where people will be able to understand how much of a joke it was and why it was created. At the time doge memes were a lot and people just memed about it, so some guy who just knew how to code ended up doing it in 2 hours (his own words) as literally a joke, like a meme, so that we would laugh for a while.

The fact that it is taken seriously right now is all because of Elon Musk, it was nothing before this, it was just something that we had fun and that's it. To think that doge is a better version of anything is just convincing yourself for your investment and nothing else. Don't get me wrong, shiba and all the others are still as bad as it gets, I would never spend a cent on them either, but just because the other memes are bad, doesn't change the fact that doge is a joke as well.
3494  Economy / Trading Discussion / Re: Nigeria to finally launch Enaira today on: October 29, 2021, 08:02:42 PM
Well, it is not really bad for the fact that you can be able to make use of it whether you’re home or abroad.
It is going to be helpful to Nigerians who are living abroad, because I am guessing that they wouldn’t have to go to the bank to be able to send money to their families at home, and also the money is going to be instant right?

But, what true bitcoin and crypto fans are not going to like about the E-Naira is the fact that it is still the same Naira which has been losing value for years now, although this time in a digital form, but still making no difference. You would definitely choose to hold bitcoin and Ethereum than to hold this E-Naira.
It is definitely a method that connects the whole world to Nigeria, or maybe vice versa. However, that is the problem at the same time, crypto connects the whole world together, this one connects Nigeria to the whole world, it is limited by in nature. So that is why I believe that there is a good chance we may end up with something that is worse than crypto, plus there is decentralization lack as well, since it is government made, it is also something that people may not like so much.

When you have something that is so centralized, it is unfair to all other crypto that worked hard to become decentralized and let the people have the power. It is not even cryptocurrency by the logic of the coins, it is something totally different and that is why there is nothing we should be looking at here and say that it is beneficial to anyone. Maybe Nigerians a bit, but even they would be better if Nigerian government let them use crypto instead.
3495  Economy / Trading Discussion / Re: For those who think that they caught the moment when it's late to buy on: October 29, 2021, 07:05:03 PM
As long as you have enough time to wait, and you have researchers ability then you are NEVER too late in crypto, even 10 years later will not be too late. Obviously we are too late to making 60000x profit on bitcoin probably, that ship has sailed, but that type of profit in crypto is not gone. Just recently someone found out that a guy bought 8 thousand dollars worth of shiba when it first came out, and that now worths 5+ billion dollars. Think about it, from 8 thousand to 5 billion, that means from 800 to 500 million or hell 80 bucks to 50 million, hell even 8 dollars would be 5 million dollars, that is insane to think about.

Most of us would sell when we saw that, and the dude hasn't traded a single thing in over 6 months so he might be gone now, but the profit to be made is still there in crypto and it will probably stay there for a long time.
3496  Economy / Economics / Re: What happened? on: October 29, 2021, 06:38:23 PM
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
There are rarely any specific cases where bitcoin price drops for one exact reason, and goes back up for a specific reason as well. It is usually something that market does all by itself and then recovers whenever it wants to. This time around it was something in the 24 hour margin and that happens all the time as well, it is not very unique or rare.

You have been checking just 3 coins so you saw that, but if you checked the whole market you would have seen a lot of coins went down at the exact same time and went up together as well. This is something you will keep seeing in crypto world many many more times in the future. Also welcome to the crypto bandwagon, it is really profitable, hope you have fun.
3497  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 05:55:19 PM
This was something that they needed for a long time. It was a weird situation to have both facebook website and also the general company called facebook as well, just like google changing to alphabet, they needed a change. Sure meta could be something that is a lot more futuristic in the metaverse world, and we are going to see metaverse probably getting a lot more attention because of this in the near future as well.

However this was probably not just done because of that name, it was probably something they considered for a long time. I am expecting Musk to do something similar as well, I do not know if it is possible but tesla+spacex+solarcity all seem like great business' that could gain a lot of power if they could get together. With such a power, dude could basically just rule them over all together in one headquarters as well.
3498  Alternate cryptocurrencies / Altcoin Discussion / Re: My Altcoin journey with small investment on: October 29, 2021, 01:34:15 PM
I did my own research and thought every week I would invest $50 in two projects. Keep in mind that this is a long-term investment.I am not going to do any future or margin which has short term money loss risk. I have time now. I am 20 years old and I think I can invest my money for at least 10 years. And if I do this, I may get enough profit. And here is my weekly investment.
$50 investments on weekly basis is not sounding to me a small approach. By doing is with altcoins, I am afraid that as you are doing these with altcoins, you are basically having additional layer of risks compared to if you do the same with bitcoins. I have seen 100s of altcoins were famous by the times of 2014/2015 but only less than 1% of such coins managed to survive till 2021.

I mean most altcoins may fade away over the time hence being too selective while investing wit altcoins may help. Moreover I like to suggest to book profits whenever possible and may focus only on bitcoin as with bitcoin investments on long run you have 200% chances to get assured profits but altcoins got only 50% chances.

You may gain profits only on USD value and if you consider in BTC then definitely you will face losses with most of altcoins in long run.
3499  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - a joke or a way to make money? on: October 29, 2021, 06:04:03 AM
Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?
everything you say is true. doge can be seen as a joke, a big bubble, or a profitable investment. everything can be done by this coin, so it depends from which angle you look at it. If you're an optimist, you'll see doge as an investment opportunity. but if you are pessimistic, you will only see doge as shitcoin.
Market is not something that takes your "views" seriously. There could be hype that causes it to go up like crazy, but there could also be downs that makes it a little bit more challenging as well, it is all based on market and what it does. So, if you believe that it is a good investment opportunity, that doesn't really make it a good investment opportunity, what you believe it is, could be very different from what it really is.

If what you think about a coin mattered, then you could have made a profit from each buy, and sell right before it starts to crash and be a millionaire in no time no matter what your capital is. This is why people thinking dogecoin as a good investment is hurtful for their future, if they get in so that they could make a quick cash, then it could be beneficial, but at the same time there is a good chance they may stay for long term and lose it all.
3500  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 28, 2021, 10:46:22 PM
It is clear that we may never see bitcoin as the alone standing currency without anything else. We need fiat to calculate things, even if we are buying a cup of coffee, we still need to arrange the price according to fiat pegged price. All in all we may just need to accept the fact that crypto will never be legal tender globally without any fiat in the world, that may never happen.

This doesn't mean that adoption can't increase, the volatility doesn't matter for adoption because we could always calculate on the fly with many tools, and that way you can charge whatever you want at that time, based on whatever the fiat price of bitcoin is, that way it will keep on working as intended, digitally. Obviously investment is a whole another story, because while crypto is great for using it to buy something, it is ten times more used (probably even more) just for investment, and volatility is even good in that case.
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