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3541  Economy / Trading Discussion / Re: Is it really a benefit that nobody controls the price? on: February 22, 2021, 10:48:05 AM
<snip...>

I think you are forgetting one crucial factor on what drives the price of cryptocurrencies in the market- the law of supply and demand.

With its limited supply circulating in the market, the price is highly dependent upon the supply/demand of the coin. Obviously, if majority of the supply is owned by a single individual, he can manipulate the market by purchasing/selling depending on what he needs.

The beauty about its volatility, is that, it can be perfect for short/long-term investments but you really have to know the other factors also in order to achieve maximum efficiency and profit.
3542  Alternate cryptocurrencies / Altcoin Discussion / Re: what is your worst loss in 2021 bull run on: February 22, 2021, 06:04:41 AM
Begining. I have profit of 1100$ then invested in bnb got huge profit , then invest on ico. then Huge loss. Total loss is 2500$ ....

Now covered... Thanks

Not a loss due to a mismanagement of my BTCs but I think my whole experience of converting/selling my BTCs to fiat from 2018 to 2021.

I checked my blockchain record and I noticed that the total number of BTCs I received ever since I joined this forum amounted to around 0.5 BTCs, which all came from campaign signatures. Back in 2018, I sold them to purchase books and materials for my studies. Others, I gambled some portion of them when the price was below $7,000. If I just saved and HODL them, I would have accumulated around $27,000 from now.

That is why, folks, HODL your bitcoins and sell them to a comfortable price!
3543  Economy / Economics / Re: Use of cryptocurrencies, a concern – IMF on: February 21, 2021, 05:15:44 PM
I do think it is about weighing the pros and cons of cryptocurrencies, as a whole.

We all know that the blockchain shows every transaction in the public ledger in which such information cannot be altered as it is physically impossible. However, its application on its day-to-day use shows its importance and use for future references. For example, you can track down the history of an item and every processes it went.

The downside, however, is such avenue may be a gateway or an avenue of purchasing illegal and covet items in the dark web. I think this area of concern should be the main focus of the government on how to balance the pros and cons of implementing the blockchain in our daily use.
3544  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which platform should i use to start invest? on: February 21, 2021, 03:57:11 PM
I want to invest in XRP but i dont know from where to start , i dont know any safe platform . I would like some advices or opinions. My experience of investment is that i bought some XRP on Revolut ( but i heard Revolut is not ok). Thanks for attention!

Like what most have mentioned, you have to look for an exchange platform which is compatible and accessible in your country.

Personally, I would recommend using a local wallet platform which is hosted by your country. The only downside is that, those wallets require some kind of KYC in order to fully access its benefits. If you are looking to purchase and to HODL them, I also suggest using platforms which are highly used by people here in the forum (e.g. Binance, etc.).

Do some research and take time to read about these platforms. Lots of reliable sources can be found by doing a simple search. Good luck!
3545  Economy / Trading Discussion / Re: which is a good option?? Trade or Hodl on: February 21, 2021, 02:26:58 PM
Is it better to keep good project coins for holding?
                                or
Trade in spot/ futures market in less leverage.

This question depends on the market situation of cryptocurrencies and its current value. Personally, I would recommend to HODL than to trade due to the latter's complexity and high skill ceiling which is required as compared to the former.

In HODLing, you are required to hold your investments and sell them to a price which you are comfortable with it, which is above the price you initially acquired them. In trading, it involves a series of skill, time, and dedication where the proceeds are relatively NOT guaranteed. Although HODLing also involves risks, the amount of risk in trading is far more superior; which is why I suggest that you keep your investments and sell them at ATH.
3546  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge Coins? on: February 21, 2021, 01:58:28 AM
is it a joke or what?
i personally dont think that its a real deal to go up with.
Rumors that Dogecoin is like bitcoin yet i dont see many websites using it. is there any earn-money site paying in dogecoins?

With the recent tweet of Elon Musk about his support on DogeCoin, I still doubt that it will dominate the crypto-space and become the next BTC.

Remember that Dogecoin was created as a MEME coin and no other purpose may derive from that. There was also a recent discussion about Elon Musk being a shill to Dogecoin as there is no other reason on why he chose that coin to invest on. If I were you, you could purchase some Dogecoins but do NOT shift your entire investments to this coin. It is vital that you continue investing in BTC as its price is steadily increasing in the market.
3547  Economy / Gambling discussion / Re: Do you take team's cohesion into account when betting? on: February 20, 2021, 02:03:10 AM
I think it is definitely a factor to consider especially when you take in consideration any team sports, in general. However, it all boils down to your favorite/loyal team whenever you gamble. There was a study conducted that majority of the players who gamble on team sports bet on their favorite/loyal team despite knowing that the team that they are against are the stronger ones.

This not only applies to Football but to all sports that require a team effort, but it's hard to pull up a win if the team does not have strong players within them, each player has a role to play to make the play works, and come out with a win, I'm betting on basketball and I have not seen a champion team without a strong player, great team efforts can deliver a good play but they need good players to implement that play.
In soccer a player can't remain at his top level during 90 minutes, moreover the field is very large and one single player can't be everywhere, so I think the team is more important than individualities in soccer.

There is a reason on why it is called 'team sports' in the first place. Even if a single player is well-known for his skills, he alone, cannot win the game by itself. Team sports rely on everyone's effort and skill in order to achieve maximum efficiency and output.

In NBA, lots of individually skilled players are distributed across many teams. I remember the 2010-2014 Miami Heat, where the Big Three (LBJ, Wade, and Bosh) won, although they were the most dominant team in the league, they still need to rely on their team (especially Ray Allen) in order to win the playoffs!
3548  Other / Meta / Re: Report Malware and Suspicious Links here so Mods can take Action ! on: February 20, 2021, 01:32:38 AM
1. Malware from Github link and Fake Wallet

Thread: [ANN] SHITCOIN - (Share Holding Indelible Techology Coin) <---- DELETE

Profile Link: denibeg504
----> BRAND NEW

Archive: https://archive.fo/C0BsB

Virus Total Link/s:

Code:
https://mega.nz/folder/flwmhTgY#MF7xJmhnG7mCwqukWMo-fQ
Code:
https://mega.nz/folder/j8pSALJJ#K4kEp---cENRcoUIY-z-XQ





At first, I thought it was a false-positive on the first wallet but when I checked the second wallet a trojan horse virus was found.
3549  Other / Off-topic / Re: Deontay Wilder: He makes another WILD conspiracy theory about his loss to Fury on: February 19, 2021, 01:17:19 PM
Wilder has added another new unbelievable conspiracy theory to the list of reasons why he claims he lost his fight against Tyson Fury. He now claims his own trainer spiked his water in order for him to get beat   Shocked

Man, I do think that he really needs to consult and get some help. I mean, if you are stuck on the process of not accepting your defeat and you blame other factors for such, I do think that you may need to consult professional help. It is vital that he needs to focus and to accept his defeat in order to move on and prepare for his future fights. With this kind of mindset, who knows what would happen if he loses again in the future (which I hope not).

Quote
Considering the current state of mind Wilder is in, he obviously needs help and he needs to keep away from the ring and any near-future fights. My take has always been that Fury should not fight Wilder again at least until he can prove is mentally well but now it looks like Fury was right all along when he said he would not fight Wilder because Wilder needed to seek help for his mental issues.

To be honest, this is more than just accepting defeat. The guy suffers from a mental health issue which should be taken seriously. If he does not seek any professional help, this would definitely take a toll on his professional career.

There is this video that I watched about the documentary of Tyson Fury about his redemption in boxing. He also suffered mental breakdowns and physical problems but his motivation and will made him the fighter that he is today. I hope Wilder takes note of this as he really needs to fix himself for his future.
3550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Ormeus - The World’s First Business-Backed Blockchain on: February 18, 2021, 04:11:33 PM
Hi just a quick question, is there a difference between this account and ormeusecosystem? I saw that the latter account was last active on February 2020 and I was wondering if there is a difference or if this is a new project. I also check the telegram and both are active.

Don't get me wrong, I am not accusing this project but this is necessary to avoid confusion and ambiguity. I am hoping to hear from you soon, thanks!

3551  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: February 18, 2021, 11:09:16 AM
in my opinion? yeah, having knowledge about the game and the team gives you the ability to have an intelligent decision on what the players might and might not do giving you the advantage to have better betting picks to those who have no knowledge about the game. and based on your results it might really be the case.

If you know the team that you are betting on, then most likely, you know their current stats, standings, techniques, and confidence towards them. That is the reason on why you betted on them in the first place. Betting without even knowing on which team you are rooting on makes it relatively riskier compared if you have full information and personal knowledge on them.



Based on the image above, the results showed that most people gamble based on the team that they actually identified and been loyal with. Almost most of the people who participated in the survey voted that they chose the team that they are comfortable1.


1. https://thesportjournal.org/article/is-gambling-preference-affected-from-team-identification/
3552  Economy / Gambling discussion / Re: Sponsor Money from Casino, Is bad or Good? on: February 17, 2021, 10:20:21 PM
I vaguely remember that years ago, some streamers in the e-sports platform were paid by various gambling websites using the funds given to them. There was an incident that such promotion made by this gambling website and the streamer were orchestrated in a way to make it look legit, but in fact rigged in the very beginning. This caused a stir in the community in which Valve had to step-up to mitigate the damage.

i dont know about cs go maybe they have sponshorships that came from a casino but i mostly foccus playing on a crypto casino and as much as i know most of the streamers are not affliated by a gambling site but it was thier own money they are using to play but there are gambling that conduct a youtube campaign but it was a for a short term purpose only .
 i dont have a problem if the streamer tells honestly that it wasnt his money and sponsored money overall isnt bad in my opinion .

This is the one that I was talking about. Sponsorship money given by the gambling website can be a double-edged sword since streamers are given large amounts of money, so it makes it very appealing and convincing to the viewers about the chances of winning.

3553  Economy / Gambling discussion / Re: Joseph Stahura avoids jail for all the campaign funds he used for gambling. on: February 17, 2021, 06:18:38 AM
Quote
He was tracked down through ATM withdrawals and reportedly made around 50 trips to casinos from March 2014 to October 2019. Those ATM withdrawals showed around $55,000 spent during that time.

I mean, if you visited and made trips for like 50 times to a casino, doesn't that imply that you are addicted to gambling? I mean, if you are gambling in a one-time basis, you could have left as soon as you won. But the fact remains that he visited 50 times implies that the Mayor is indeed, addicted to gambling.

Quote
He could have faced as many as 23 years behind bars if given the maximum sentence for the crimes; however, the judge, James T. Moody, determined that Stahura’s lawyers made a good case for leniency when they argued that their client’s crimes were not that serious. Kerry Connor, an attorney representing Stahura, asserted, “Stahura’s conduct was wrong and illegal, but it didn’t impact his role as mayor, and I think that’s an important distinction Mr. Stahura’s conduct was significantly different than these other politicians.”

If the Mayor done something that is illegal, that should constitute that he is an intent of defrauding others. Even if they argue that the crimes done were not serious, the fact remains that what he had done is illegal and is against the law. What are the laws for if they are not executed properly? He got-off pretty easily but I do think that there should be an investigation as this seriously smells like a grave abuse of discretion done by the Judge.
3554  Other / Meta / Re: Report Malware and Suspicious Links here so Mods can take Action ! on: February 17, 2021, 12:37:07 AM
1. Malware from Github link and Fake Wallet

Thread: [ANN][RAIN] RainbowGoldCoin & Hundreds of Millions in Bounties! <---- DELETE

Profile Link: liberiafreedom
----> BRAND NEW

Archive: https://archive.fo/Ji01J

Virus Total Link/s:

Code:
https://mega.nz/folder/BVB0SJrK#2bFL6IP-PTBMUvgse1iBdw

3555  Economy / Trading Discussion / Re: How much would you say one could realistically make a month trading? on: February 16, 2021, 11:57:51 PM
If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

There was an article that I read that 97% of the traders who do short-term lose money on their first month of trading while the remaining 3% earn as much as a bank teller.1

The problem with trading is you need a relatively large amount of capital if you want to increase your chances of earning. In addition, trading is a skill that MUST be sharpen through experience and time. No matter how many times you read an actual book or watch videos about techniques on trading, without actual and personal experience, you will never grasp the actuality of trading.



1 https://www.informedfinancials.com/2020/12/29/is-day-trading-for-a-living-your-dream-job-get-another-one-study-says-97-of-day-traders-lose-money/
3556  Economy / Gambling discussion / Re: Why do we lose at gambling? on: February 16, 2021, 01:56:53 PM
Chasing losses has been the best example that suits everyone's situation including me. I try to chase my losses and sometimes even double my portfolio, but greed never lets me stop at that point and I decide to gamble further and when I get under my capital again, I try to chase my loss with higher bets and lose all of it.

I reckon that I mentioned this to struggling gambling players about the cycle of winning/losing.

The problem with a winning/losing streak in gambling is it creates this illusion that a player must continue in order to win more or to recover his/her losses. In such circumstance, the player risks again himself and believes the fact that he may win again or recover his losses. However, the more you gamble, the more you increase the chances of putting yourself at this kind of cycle.

Gambling must be paired with discipline and self-control. The more you gamble with the mindset of recovering your losses, the result will most likely be you, losing more than what you expected.
3557  Bitcoin / Bitcoin Discussion / Re: Can we get another golden oppurtunity to buy? on: February 15, 2021, 10:07:41 PM
Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

When people ask me about the best time to buy bitcoin, I always answer two (2) instances:
  • Way back in 2015 when the price was significantly lower; or
  • The time when you first find out about the existence of bitcoin.

The reason on why purchasing bitcoin the moment you learn about its existence is its potential to skyrocket again. Many believe that bitcoin will be considered the currency of the future generation as the blockchain's technology revolutionzed the payment scheme which removed the need for a third-party consensus. That is why if I were you, I would purchase some BTCs and HODL them!
3558  Economy / Economics / Re: What We Should Learn From Elon Musk Influence on: February 15, 2021, 09:09:23 PM
Not only wealth creation, but also wealth destruction,  Grin once he tweeted Tesla stocks were way too high in price and that led to plummet in prices of the stock Cheesy well, popularity and fame can definitely influence people, that's why people love to have fame, because they have then this power over other people's mind and can manipulate it for good or bad Smiley

I agree that it goes both ways.

The reason on why the tweet on Dogecoin was very influential is because of the timing. During the pandemic, people are exploring and looking for alternatives to earn income. Elon Musk took the opportunity to tweet about his 'support' in Doge coin, which is a meme coin, and some questioned his intention on this. Others may share the sentiment that he is shilling the whole project while some thinks that he will definitely support it.

Does popularity or fame has a positive correlation with wealth creation?

I believe it has direct correlation to making or breaking wealth with popularity because population behind celebrity makes popularity and where some sort of influence is involved where people blindly follow somebody, this will surely influence values of something they discuss about. So if Elon Musk says something about BTS tomorrow, the price of BTS will even reach $1k if he's got some paranoid followers who just take his discussion as signals and when he knows that he can influence markets, he can even break the big names out there through just spewing out some shit about it.

The influence on Elon Musk is really that strong. Imagine, a billionaire which once took the spot for the number one richest person in the world shared his knowledge about investing and earning money by purchasing this share of stock. No wonder, people would definitely follow the same as they believe that his decisions are correct.
3559  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think Elon Musk is a Dogecoin shill? on: February 15, 2021, 01:21:59 PM
Obviously shilling, the Doge price will come back to original price point if Elon Musk stops supporting fake pump with his tweets. There are thousands of "to the moon altcoins" and it is unfair to keep pumping the most skilled one. The lack of regulation has such bad consequences and Elon knows this very well.

I personally think that Elon Musk is a shill but to a certain extent.

When he tweeted about Dogecoin, its price on the market skyrocketed and lots of investors rode the hype train in hopes of earning long-term investment. He also tweeted that he will give his full support to a MEME coin in the market. Maybe after a few months, he will definitely cash-out his winnings plummeting its price on the market.
3560  Other / Meta / Re: Report Malware and Suspicious Links here so Mods can take Action ! on: February 15, 2021, 10:23:15 AM
<snip..>

Hi, Lafu!

Thanks for the heads up and reminding me that the ones that I reported (recently) were false-positive detection by virus total. If I may ask, how do you determine if such wallet that looks infected, is indeed a false-positive detection? I would like to know so I can avoid posting/reporting links that appear infected facially but in truth, a false-positive. I hope for your feed back and reply!

Thank you as always, Lafu.
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