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3741  Economy / Economics / Re: Bitcoin fans have developed into a political force. Is this the dawn of victory? on: August 24, 2021, 07:09:28 PM
I do believe that there is a good chance we could potentially see bitcoin reach to levels where it is a political thing as well. I do not know which party will be the one against it and which one will be supporting it but I can see it happening. Like for example in USA, we could see republicans supporting it or against it, supporting because many of their donors like super wealthy people are investing into bitcoin and that is a thing for them to support, but against it because it is decentralized and against banking to begin with.

However if they pick one side, then democrats pick another side that means that we are going to see stuff that change so quickly and suddenly and it will be a reason for voting for some people.
3742  Economy / Economics / Re: On the Sustainability of Decentralized Finance on: August 24, 2021, 05:00:26 PM
I do believe that DeFi should be improved a lot in order to sustain, if we are not going to end up with a problem of getting a writer's block type of thing then we will definitely see improvement.

I have seen so many things like cake, but none of that managed to be like cake, which means that there is still a quite small number of defi projects that end up making a profit for the investors only because when you are giving away that much money for farming that usually means that the money will become less valuable as well. You can tell people that you will give 1000000% yearly all you want but if the coin becomes 99% less valuable than we are going to end up with a big loss.
3743  Alternate cryptocurrencies / Altcoin Discussion / Re: will there be a miracle of bitcoin to shift conventional currencies on: August 24, 2021, 03:02:49 PM
Bitcoin is already a universal currency there is no doubt about that and I have been using it to send/receive money from all around the world for nearly half a decade now, probably a bit longer. Which is why I believe that we should not be focusing on anything that will be shocking like "universal currency soon!" because it is already like that.

The difference is that USD is also a universal currency, it looks like it is just the money for USA people but all around the world even when USA is not involved people do pay each other in dollars, like you could be doing a transaction from Netherlands to Pakistan and can still be asked to pay in dollars instead of euro, which is why it is hard for bitcoin to grow just from that logic. Being a universal currency is one thing but beating USD to become the most used universal currency will not happen anytime soon.
3744  Alternate cryptocurrencies / Speculation (Altcoins) / Re: About NFT on: August 24, 2021, 02:19:07 PM
I am in part of a group that is trying to build a mmorpg on NFT premises (items will be nft) just like how WoW did it, and I can tell you with ease that it is one of the most difficult things I have seen ever in my life, it is so difficult that I do not think that it will even be done, it may be killed off before it even sees a sunlight, only because of how hard it is. Of course, the size is not that big, it is a smaller one that aims to get bigger eventually with more money they make, however even a small version is such a difficult thing to do, not the game part, humanity have made that type of games for a long time and I think we will make more like that in the future as well, however adding tokens into that logic is the very difficult part and I believe that we are going to have hard time in that place.

It means that anyone who does something this difficult definitely does it because they love it, not just because of money, and I can invest with ease knowing that team actually wants to succeed as well.
3745  Economy / Speculation / Re: Bitcoin dominance TA - Switch to BTC soon? on: August 24, 2021, 11:59:54 AM
I do think so.

Whenever the bitcoin market cycle peaks, there is a tendency for alts to overshoot their intrinsic value quite substantially.

We are seeing this already in markets like DeFi and NFTs where there is virtually no usage case at the moment, yet people are placing crazy valuations onto these tokens. BTC is a much more established store of value that people will appreciate once these side projects go bust.
That's what I believe will happen soon enough, altcoins are in a level where they will definitely overshoot their value for sure, it is not going to be today or right now but it is getting closer and closer. When bitcoin reaches its peak, then there won't be any big increases left there, what do you think could happen, 100k+ for bitcoin? That's going to be a bit hard and that's why it is obvious that we will not be ending up happening anytime right now, it is going to happen in the future probably but not right now.

This is why I think it is quite good possibility that altcoins will be going up in the near future, it is going to be a lot more possible, ethereum at 5k+ is quite possible, bnb getting to even 1k levels is possible those are a lot more possible than 100k+ for bitcoin. Which is why I think it is quite possible for altcoins time to shine these days.
3746  Economy / Speculation / Re: Are we in 2017 again? How do you feel about the price chart today? on: August 24, 2021, 05:55:48 AM
It is good that most people believe 2x is not impossible for bitcoin, which means that 10k is definitely possible for etheruem, and 1-2k is possible for bnb as well, these are all great things. Don't get me wrong other coins will go up as well, I just wanted to share the real big ones. I still do not understand why there are people who are so disappointed in what bitcoin could do, I get that in 2018 we dropped a lot and it took time to recover but that was 2018, why do people think that history will repeat itself and we will see a very low price on bitcoin once again? I do not think that will happen, I believe that we will be doing fine and nothing bad will happen.

Of course there is a chance, nobody can deny that there is a chance, but the fact that we are doing fine right now is the proof that doing better is the most likely outcome.
3747  Economy / Trading Discussion / Re: At what Age will you introduce your child to trading on: August 23, 2021, 07:26:40 PM
I am not planning on introducing them to "trading" because that doesn't look like a good thing I can explain to them, plus it is a very difficult thing that even I end up doing wrong most of the time so how can I tell them to do something I can't even do. However investment and savings are two things that I will end up telling them to do for sure, money in fiat world loses its value a ton, loses its value like crazy in most of the period of history, especially in the past 50 years, which means that they should not hold fiat, however a little kid can't have a real estate amount of money neither, so they need to find a way to do something.

For a small child when they start school, I will give them permission and I will show them how they could get something big, like ps5 for example for today's kids (probably by my kids time it will be ps6 Cheesy) and in order for that he will have to save money, I will start them with silver, then move to gold, and then move to bitcoin eventually.
3748  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: August 23, 2021, 06:48:29 PM
From here we learn that everyone who is born at the finish line has an easy desire to hold bitcoin in the long term without having any problems as long as he has other stocks to run his life and fulfill his needs. Investment everywhere, finance comes in from all gaps.
Meanwhile, we who have to go through a series of life can't be winners if we don't have a strong will and the path to take when facing a bear market, what can we defend? other than letting go just to meet the needs of life for tomorrow morning.
That is what often distinguishes where the fulfillment of financial stability can smooth the long road. However, this does not mean that you are guaranteed a winner, because the winner is not determined by money. It's just that the alternative is easier than the path we took.
I would say that if you are investing with the money you need, then you will always end up losing. This month I had to go fight fires, and wanted to take a vacation as well! So instead of a vacation, I went and fought fires for 3-4 days and then relaxed in a hotel to recoup for 3-4 more days, it was one of the most tragic moments in my life, honestly considered leaving it all behind and going to some small island to just enjoy life and forget about all of this hectic world problem BS, and not like that was enough, I had to purchase so many stuff for firefighting and then hotels were extra expensive because of covid, so not only I had a horrible month, but now I am in debt as well.

Nothing too serious, like just 200-300 dollars and that's it, I can recover that in few months no problem, but the reason why I have debt is because I wanted to help people put out the fire, I was already doing something good, and still lost. Did I cashed out my crypto during that period? No. It is still there, and not touching it.
3749  Economy / Economics / Re: Amazon's future plans on: August 23, 2021, 06:06:18 PM
I know these are just rumors right now and even Amazon themselves denied any rumors of them adding bitcoin right now. However do you really doubt that one day they will not add it? Maybe not today, maybe not this year, but eventually they will definitely add it. Just think about it, everyone is starting to use it, everyone is starting to invest into it, from regular people like us to big companies like tesla they are all investing into crypto as well and bitcoin is becoming just a normal part of our lives.

We are not at a stage where it is just a niche thing for us, we are at a stage where it is a big deal for everyone and that is why I think that one day amazon will be forced to add bitcoin to make more profit. After all, what does amazon love more than anything else in the world? Making a profit and if bitcoin will add into that profit then they will do it for sure.
3750  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cardano and xrp the most gainer of the day. on: August 23, 2021, 05:32:07 PM
I still think that ADA is getting this pump for basically no good reason at all. I get that they are building something there and have been doing that for a long time and they definitely deserve to be higher than what they used to be. However I do not think that they deserve to be on the third spot neither, what did they really do that made them go there? What is it that makes them better than BNB? Or dot? Or even matic for that matter?

I believe that ADA is on a big high right now and everyone is very happy about the current situation but I also believe that it is not going to last forever, eventually when the bear hits and it drops I am sure that it will drop harder than anything else and will be out of top 10 once again. It is not going to be easy but it is going to surely happen, which is why I believe that we should not be getting our hopes up about ADA for now.
3751  Economy / Trading Discussion / Re: Is it possible to make $5,000 a month day trading? on: August 23, 2021, 04:46:48 PM
It is not about $5k, it is about sustainability and that is the big problem. You could make 100k with 15k in a month if it is a bull run month and you are lucky, but it is possible to lose 50%+ of all your capital as well if you are unlucky and in a bad month. In the same month that everything went up 2x, it was easy to make that kind of money, in the month that everything went down 50% it was impossible for anyone to make money, this is just the last 6 months we are talking about, so it is recent memory.

So yes, it is quite possible to make 5k out of 15k in a month, quite easy, incredibly easy, for the months that you are lucky and there is a bull run going on, but you can have maybe few months a year for that, but there will be few months when it is bear run and not only you will not make money but you will end up losing money as well. Which is why it is all about sustainability and how it is impossible to keep doing that every month.
3752  Alternate cryptocurrencies / Altcoin Discussion / Re: The altcoin of the week on: August 23, 2021, 09:19:58 AM
If you think about all the coins weekly then you are going to be very upset in the long run. Yes this week has been a great week for the crypto world and coins like Avax or Sol ended up going much higher than anything else did this week, but that doesn't change the fact that you should never look at a thing just because it had a great week, that usually is the last thing you should do because that may mean that it already did all the increase it could do and will not do the same in the future.

This is why I honestly believe that we should probably get away from crypto as much as we should when it is bulling so hard and we should look into the ones that has a potential to increase not already increased. Of course this is a very scary thing to do because why look at a thing that failed to go up when all others did, but it is the only way to make money from the potential unrealized then realized.
3753  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Crash or new sunrise of crypto on: August 21, 2021, 05:23:28 AM
I wouldn't expect a bull run like the one we had, that was like 15x at the lowest to highest levels and our lowest this time around was 30k, the highest at 15x higher would make it 450k and I do not think that we have that right now. Don't get me wrong I am a big believer that bitcoin will be millions of dollars one day, but that one day is not right now and nearly half a million dollars is not what we are going to see anytime soon.

This is definitely a bull run, a smaller bull run that could end up with a 2x or even 3x if we are lucky but that's about it, we already had a 50%+ increase in the last month and that is a good start so it is definitely a bull that is for sure. I have to say if we can reach over 64k then the price will certainly go higher in the shorter span as well, breaking ATH always ends up with going super high, we never really break ATH barely and go down.
3754  Alternate cryptocurrencies / Speculation (Altcoins) / Re: SCAMMERS NEVER GET TIRED on: August 20, 2021, 09:28:21 PM
I have to say it is really a hard thing to never get scammed, I lived in the crypto world for 8 years without ever getting scammed, and finally last may I got scammed BIG time, nearly every single dollar I had on a project I was working on for marketing purposes, dude basically offered bunch of stuff and said that it will get published and got the payment and then just spammed it everywhere and said that is better than what he offered, which we all know it wasn't because why would spamming it everywhere that is already free to post be any better than actually posting it on serious places with legit visitor numbers?

So at the end of the day, dude took 3k of our money from the project without ever helping us and he is a prick but I finally got scammed for the first time after 8 years of being clean from scammers. Not much I can do about it, but they are definitely growing in numbers.
3755  Economy / Economics / Re: Would you be able to take an additional work if required? on: August 20, 2021, 08:32:14 PM
It is not really about the nation you are living in, it is about the skills you have. There are some coders in the world who are working freelance on many many different projects at the same time and making a great amount of money as well.

I would understand that it would be quite impossible for many people to do that because we lack the skills, but for example I could technically find other jobs to do as a freelancer myself (writer), however I just do not have the time for it so I do not even look for them, I am barely keeping up with the current work let alone get another one, but technically speaking for someone else it is possible to find 3-4 different jobs. So what this means is, in this day and age, do not learn a skill that can't be turn into digital work, it just doesn't make sense at all. Find a job where you can do remotely from your PC and get real good at it and build a great resume and portfolio to show others and get jobs.
3756  Economy / Speculation / Re: Who's been buying recently? on: August 20, 2021, 07:48:12 PM
One thing I just don't understand, why does the price always rise after I sell some coins?  Cheesy

The same thing has happened to me several times already. I have no clue about the right moment to sell... It was a small amount, just enough to cover some expenses, but still...
Well, if you are selling then there is a good chance that price will go up in the future so it is logical that it will go up after you sell, it will go up after you buy too, just not right away instantly time to time, you can sell at 64k and one day it will be higher than that, it just wouldn't be quick enough.

However if you sold right as it dropped then you made the mistake, you should sell when it is at the highest, not when it drops, so when the price hits 48k and then drops to 44k then you sell? It is a recipe for another increase that you sold, prices go up after they go down, prices go down after they go up, so if it goes down then do not sell it, hold it as long as you have to if it went down because usually that means it will recover, it may take a while but it will. So what you did was wrong, "buy low, sell high" is the name of the game.
3757  Economy / Economics / Re: Nothing about communism: The real cause of hyperinflation in Venezuela on: August 20, 2021, 07:25:51 PM
The biggest main reason was the simple fact that nation didn't had anything to recover, that is the problem. When you are facing a problem and then you can do something to change that, even if you end up failing and not doing it at least you had a chance and you blew it and it is your fault.

Venezuela didn't even had that chance, they became very bad and they had no way out, how could they fix it? Oil is still not as high as it should be to help them, and all the solutions are based on the past and not right now, so they did something wrong back in the day like not putting enough emphasis on other sectors and all but that doesn't change the fact that they had no Plan B, which is the main reason.

You can call the fall anything you want, give any reason you want, but the fact that they screwed up big time and couldn't get better and kept getting worse all happened because they had no Plan B, no way to recover.
3758  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk Makes Meme Coins, What Do You Think? on: August 20, 2021, 10:56:18 AM
Elon Musk started to be talked about in the last few months, after making speculations about dogecoin at the time on Twitter, someone suggested Elon Musk create his own coin, to develop something new and a huge opportunity for him, this is understandable when all that happened, considering what happened done is speculation about its influence in the crypto world.
How about creating a really good coin and doing away with all these meme thing?

By the way, if he should create a coin the media will come at him, especially the cryptocurrency community will have a lot of things to say against him, because a lot of people are not happy with him as it stands.

I am very sure he knows about this. And for him to create a coin, or meme coin as you said, means that he wants to stir up something that has calmed down for sometime now. I am not trying to say that it would not work for him, he’s an influencer and he’s got big audience, so sure it would work, but people will be coming for him.
3759  Economy / Gambling / Re: 🎲BetFury.io|🔥NEW game CRYPTOS release 🔥 |⚡️Free BTC+BNB| 📈HotBit listing on: August 20, 2021, 08:08:49 AM
It is all about the price of the token, if you can actually make it work and the price of the token doesn't change or goes up then you are going to obviously make a great profit, it is definitely a great way to make profit, there are so many miners I know that is moving to staking because it requires a lot less capital (no costs that goes on like electricity) but at the same time it all depends on the coin.

If you are doing something like BNB staking (which is low profit but exists) then you know it is going to be fine, maybe today maybe in a year but it will be high, when you are doing it for BFG the rewards are higher but you do not know what the price will be like. So, assuming you got 1k token for 33 dollars that means in a year those 1k tokens could be 100 or could be 10, in that case staking will not matter too much because the price already changed so much.
That's indeed also a factor that I didn't take into account. If Betfury can fullfill their promises and they can launch their token on some major exchanges than the price of one BFG token will probably also be higher than it is right now.
It is not just about having it like that, it is also about the fact that we are in a situation where people are making as much money as possible from quick trades or quick investments hence being on a new place would be good just for a while, nothing more.

I would have to say that it is definitely not a great deal to just list and do nothing, you have to do something to make that listing be worth something as well, otherwise it makes zero sense. What could they do? They could simply just keep on improving the website itself, believe me I am serious about it, I know they are not doing it because they care about being listed in more places or just increasing the price of the token and so forth but make this casino the best casino in the crypto world, make it top 3 at least, and you are going to realize that the token will be insanely high as well just from that.
3760  Alternate cryptocurrencies / Altcoin Discussion / Re: The regulation of the cryptocurrency market will become more serious on: August 19, 2021, 08:45:03 PM
As adoption becomes more and more popular there will be alot of regulations needed to consider especially now tgat the market is way too volatile and many newbies get easily scam by people who sees opportunity to them to trick them. Regulations can help us to have a way to report scammers or project that will run or escape. It have pros and cons but for sure government will find really ways to be involved in crypto since there are money in it they can get.
Regulations on the law and regulations on the crypto are very different two things. Think about it, if the price is volatile and there are scammers, if you lose money because of volatility that means you are losing it because of trading and that is bad but regulations on trading will not make that stop, you can lose everything you own on stock market as well in many nations. So, what do we do? We do not regulate the stock market as a whole, we regular the stocks individually to make sure they are not scams, scam companies and so forth.

So, what does that tells us that we should do? We should definitely try to find regulations against the scammers and that has nothing to do with trading, so just keep on working hard towards the scammers and putting laws against them so whenever they scam someone, they should be getting jailed, that will slow it down for sure.
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