As much as I'd love to join you in this fantastical extrapolation and also encourage Bitcoin enthusiasts, I would rather live more in reality than in the dream, at least within what is foreseeable. Are you kidding me? For 1 Sat to become $1 means that Bitcoin is now priced at $100,000,000, because 100,000,000 Sats = 1 BTC. That's crazy.

As much as I wouldn't dispute this, I don't believe it either, and my lack of belief is that it would naturally cause inflation, even as it's unrealistic. There will be needless creation of Billionaires and Trillionaires in dollars. That amount is f**king outrageous.

Lastly, even if this happens, it can't be in this generation, not even in the negation of our children. At this point, I urge BTT members, to please, leave the dream and fantasy world and come back to reality.

The answer is No, trading is for everybody, just find your way around anything you think is the obstacle.

Fine, almost all the exchanges I know do not allow a demo account, but this still does not stop anybody from starting small. If a well-prepared trader or the rich ones are trading with big money, why can't you start with a very small amount to learn the market trading and also get conversant with the trading platform before depositing big later?

The traditional Forex brokers allow a demo account, maybe you would start from there just like I did, and if you are well stable with your income, you might move to exchanges and deposit a little amount for further training on their platform instead of missing out entirely thinking trading is only for the rich. Even with just $5 or lower, you can trade without obstruction with both Forex brokers and crypto exchanges.

Let me assume that I understand you correctly, but do you think anyone would go through all that when the main topic is lurking somewhere? Even at that, I believe the Meta section has what you seek, Except that you would have to do the tonnes yourself manually. Just continue to browse through and you shall get what you need.

By the way, nice meeting you for the first time here, and I love your beards if I must say.

It's good to pay your taxes if you are a good citizen and you see how your government is utilizing the tax correctly. But it's annoying if the government appears to be cheaty, where they would only be concerned with the winning of the players and turn a blind eye to the losses. Well, tax laws vary per country, but the ones I've read don't give room for the government to cheat their citizens.

In gambling, all the laws I've read were clear and most of them have the clause that you only have to pay tax on the summation of the (gross profits - gross losses = $), not otherwise. So I don't see cheating here, for example, if you have had an aggregate loss of $5000 in 6 months in 100 bets and you just won a bet of $5000 in a day, you are still paying your government nothing $(5000-5000) = $0 tax. This is fair enough to me unless the person is looking for an ingenuine excuse not to pay the tax.

It even got better in my country as gambling earnings are considered non-taxable income for the bettors, and the government earns gambling tax from the income generated by the gambling house. The exemption is when the gambled money is higher than 150,000,000 of the currency which is a huge money that you rarely see people gamble with. So, anyone can see why the government at most times do not pay attention when the house cheats their customers as that would amount to more money for them...lol

Yes, they do and so are their employees. Everyone is free to place their bet once they have their money to pay, but that's if it's not for a special purpose.

However, it's not entirely for free, regardless, if the boss deposited and gambled in his casino, it's still his money either winning or losing, so it doesn't matter. This subsists unless there is a program specifically designed for that where they can virtually credit the platform with money that will not in an actual sense represent a true asset though reflects and could be played with.

This is possible since it's their system and it might be what they will be using for many purposes including testing. Again, I don't see any reason for a conflict of interest at all, just like someone selling retail goods, they can be an end-user too. Nonetheless, in businesses that are technologically divine like casinos, they often test the platform to detect flaws, text new systems and check for fraud, so they would have provided such means for the boss and some employees to observe and bet within the system, and for free or will be reimbursed.

You made a good point there and I was just thinking the same when I read the OP. To keep Bitcoin is a thing and for our heir or wife or family (as it pleases us) to know when unplanned circumstances happen is another thing. There are a lot of people who are rich in Bitcoin but are dead and have their coins with them without passing them to anyone. This is because they are too secretive, or should I say that never planned for what would happen to them, which is unfortunately letting a lot of Bitcoin waste away and people would think they are actually HODLing it but it's not.

For this, I believe that people should first take keeping of their wallets, the seed phrase and the password very seriously just like how they deal with a vital document that is so precious to them, not undermining it since we are keeping them informally. It will be a good idea to have duplicates of this and code them in such a way that no one can ever know what you are referring to unless you explain to them. Then have your Will written but let the access keys be missing, and let your trusted heir/wife/family know the access codes, which they can't access unless your lawyer tells them what the codes are meant for.

I saw the whole episode as the USTC was being pumped by only God know who.

The crypto market is funny at times, with manipulation everywhere, do they want people to still invest in such a failed project? A supposed stablecoin that is not stable. It went from $0.013+ to $0.078+ in about 4 days and dropped to $0.043 in less than 24 hours afterwards shortly after reaching that peak. This is a pure manipulation that couldn't survive their plan.

I wonder who would still foolishly invest their money in such a failed project, something that was supposed to be pegged with USD. However, LUNA and LUNC didn't move much but they also breathed new air because of this.

Scalping is not only a short-term trading strategy but emphatically the shortest-term trading strategy that traders without very good scalping skills and patience can not excel in. This is actually beyond merely gaining a high level of experience but being able to know the scalping code, have the will, energy and time for it, and also have your own scalping plan and sticking to this plan. As easy as these points could be, many have not been able to fulfil them, and some people who fulfilled them for a while later renege from them. To be candid, scalping is not easy, and this is why people are avoiding it, it's so demanding, and the shorter the term of the trading strategy you are using, the riskier and more stressful it will be. That is how scalping is, but with the right level of mindset and determination towards it, I believe the trader will be successful.

And guess what? The money that could be made in scalping is more than any other trading strategy you can think of, which is why successful scapers are the richest traders in the world. They enter the market many times in a day and get to do this with big risks/lots and opt out pretty fast, repeating the process multiple times in a day for more success to be made. So, this is no joke, they are rich because they could go through the stress which I believe is worth it.

You also have a point with the short timeframe by scalpers, but in my scalping experience, it's beyond that. Although short timeframes are still being used, yet the most successful scalpers do scalp the trend of the market mostly. For this, they get to first analyze the larger charts to know the trend then use the lower charts for the regular scalping towards the main trend of the market. In this light, multiple timeframes are the best for it in my experience.

Anyone who is HODLing and still looking for technical analysis for a guide is not serious. HODLing shouldn't be pursued like that, it's not what you do like an investment, you do it as if you purchase a property that you would never let go and you will do this for very long years. At that time, there would have been so many conditions happening to the market of the asset whether good or bad, it would have faced enough Bull and Bear moments but the HODLer would still not care until he is so satisfied with the price of the asset or would liquidating it in a part/fraction over the time.

This is not a short-term plan at all, so looking at the technical chart will either be a waste of time or a means by which you want to cause emotion for yourself. HODLers don't even check their wallets too but could ensure that they are safe and that they've not lost access to them. Aside from that, the news and fundamental reading about the asset are enough to go by. This is how Bitcoin HODLers should also behave not that they will put themselves under unnecessary pressure of checking their assets with all analyses as if they are merely trading or involved in a short-term investment.

I wouldn't use perfect for Richard Teng being the CEO of Binance, though he has a good track record, this doesn't matter when it comes to leadership, I will judge him over time. The best for Binance has ever been CZ, but unfortunately, he has been overzealous and has shamefully excused himself. As for the crypto market, it's not Richard Teng who tamed it, the market naturally reacted the way it should and also the way I expected as this is not about Binance having financial trouble, it's just a matter of the CZ as the head having trouble.

The company is well-liquid with many assets to back it up and stable enough in such that is void of insolvency, so there can't be too much surprise in the market. And of course, they will pay their fine as and when due, this is even as their regulators are not bad to the extent of forcing them to pay the fine of $4.3B at once. They will plan the payment in such a way that will not affect the company, the crypto market and the customer's deposit. So this can't cause any ugly surprise in the market, it happens to financial companies often and they are still fine.

Yes, they had their headquarters in Finland, the capital of the country, Helsinki, to be precise.

This has nothing to do with the insolvency of the company and I don't think taxes are a problem either, after all, they are not the ones paying the taxes indirectly but those dealing on the platform. They've survived many years without issues even while paying their taxes, so it can't be the taxes.

All I believe is that people are finding their better serves elsewhere and the world of P2P is revolutionizing, so those who are lagging with their old ways may not meet up with the competition.

All aspects of insurance are good, be it life, health, liability, finances and property, all are good, but as insurance itself is good, the industry is corrupt and insurance companies often cheat people. This explains why people often drag them to court and win them, some could be fraudulent and discouraging trying not to pay people their money, not even the deposits. I believe the system is getting better than before due to the activities of regulators, and the more the government wades in, the better, so that they don't continue to cheat the citizens of their claims.

Also, insurance is not that easy, and one has to be painstakingly engaged in it as it's so demanding. This equally depends on what you are insuring and the packet you signed for in the category, especially if you are not earning that much. This is a setback for some people, you should have a steady income, which is another disparity about it. The poor people or those who are still struggling can't afford most insurance, and this is applicable to some average-earning people as well, it hurts a lot. Regardless, if people could painstakingly pay their insurance and the insurance companies are fair enough, this is a very good way to be covered during the bad and unforeseen negative days.

The answer is Yes. Even now, having had the experience of almost 2 decades in the market, I still have my demo account running. This is despite that I am running at least 3 live trading accounts excluding my exchanges' account, so it doesn't matter, the purpose of opening the demo account is what is important.

A demo account is needed for various purposes. There are traders who are still struggling in the market, they need a demo account, and there are those who are no more struggling but might want to try a new trading strategy or system, they need a demo account. Again, there are some assets that are new to the trader in terms of pricing and lot sizing, and to avoid making costly mistakes with the real account, traders might want to try it first on the demo account to be sure of how its lot sizing is being calculated (I do this a lot).

I share so much in your view my friend and I can remember I made mention of this not later than 2 days ago. There is no much distinction between the rich and the poor in gambling other than the size of their betting and that is obviously because the rich can afford to bet with more money and thereby gain more money as well, while the poor can't afford that. The casino rules and play are neutral and are the same for both the rich and the poor, it's the same game, the same platform and the same house.

It's the poor who need to bet rightly and manage their accounts portfolio accordingly. Casinos can't fake it for the rich and do otherwise for the poor, never, they will be just to the two, and you would know this especially if you are working with a provably fair system. It is now left to how good, smart and calculative the gamblers are, there's nothing partial at all among any class here if both are allowed to play on the same platform.

Sorry, though I'm familiar with the post, I just saw this on the altcoin section. And a big congratulations to CEO Richard Teng, if CZ didn't believe he was too smart, he wouldn't find himself in this mess and another person would not have taken his responsibility and pride.

But I wonder why this is a shocking event to you and why you related it with the strength of Binance. It might be shocking news really but certainly not questioning the strength of Binance. This is financial misconduct and has nothing to do with the financial standing of the company. Fine, the reputation is at stake and a fine of $4.3B is big, yet it might be spread over a long duration of time. The insurance could also cover it as it's part of their responsibilities.

There is nothing shameful in buying and selling your assets, no one is perfect in this regard, we should only pray and hope that luck is on our side. I've been buying and selling markets for a long time, so I know what I'm talking about, there is no perfect timing and decision but a mixture of speculation and probability. Nevertheless, traders or investors should learn at least a special way to know where (price) is best to buy and where (price) is best to opt out. This is why I usually say the reading of charts is good to guide anyone in this regard. Although this is never perfect but a means to at least make decisions without actually gambling yourself. Even if you made the mistake of opting out of the market badly, you will definitely know when to buy it back if you are a good reader of the chart. Then you act accordingly instead of believing there is shame in one's decision, nothing is perfect in trading, we are only trying our best, still, one should be smart with it.

Trading has never been easy, only that people often believe so but they get to understand the real deal when they start trading. Experience is the master here and I can remember when I newly started trading, I believed I could easily be gaining on the very first day of my deposit due to the anxiety that all the things I needed to know were easy and I had already known them. But I was wrong, the first $1,500 I deposited went off within 2 days, this got me angry and I deposited another $750 which was lost in just a day. It went on and on like that until I gave up and started learning and trading more. In short, the journey was never easy and even the money that was meant for other purposes was wasted just because I knew I would get the code that unlocks the success in trading. Guess what, I later did... .

But it took me more than 10 years of wasted time and resources. This is why I always advise newbies to be calm and focus on learning and training, and even if they would deposit at all, let them start with ridiculously low amounts. Not that they will believe they can just hit it big in trading at first, regret has always been the end result in such a case.

I must commend your unwavering effort on this page since the beginning of the post and I believe this actually attracted the attention of BC.Game's representative to the case since their support came to confirm this as well. I hope BC.Game will change their ways as fraudulent allegations are getting too rampant against them these days.

I am happy for you on this, after all, you got the money back not minding the shortchanged amount. All the best!

We have been hearing things like this for a long time but Bitcoin remains and is even getting stronger and has gathered increased trust from people. As an economist myself, I wouldn't say that Bitcoin is not without its own risks as it's being sustained by people's money, yet, life itself is risky, there's nothing that we commit our money to earn us more money that is not risky. Even to keep money in a fiat bank is risky, and the more your risk, the more money you might gain from it.

Specifically, the main cause of fear among economists is that Bitcoin is not backed by anything and there is no assurance that could guarantee the deposit of people. I'm afraid, I share their view in this regard because if anything bad starts happening, there will be panic withdrawal of money and it will get to the extent that the money will not be able to be withdrawn anymore and it might be gone forever if there's nothing backing it up, not even a legal agreement.

Still, stocks and shares that we buy to keep are not so much different from this. As Bitcoin is being sustained by people's money, such as stocks/shares are being sustained by it too. And the risk in Bitcoin is being reduced daily as the market gets more liquidity and I don't see any foreseeable collapse of the coin in decades.

First, I wonder why a Senior Member like you would not know how the merit system works, that means you have not been paying attention to the forum's rule which should have been the first thing to read. Regardless, it's nice that you now know and I hope you will send the ones you have judiciously.

But for the number of merits to be sent, I think it's 100% self-discretion based. The merit sources need to check the worth of that quality post to ascertain the best merits for it.

Although, this is not often applicable, still, it's not all posts that are worth 2 merits and above, and it's not all posts that should be down-appreciated with just 1 merit.