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41  Economy / Trading Discussion / Re: Tips for good trading on: March 27, 2022, 05:39:05 AM
this is the importance of our mentality when trading in cryptocurrencies, usually many are tempted by the market rises until they pass the price limit that has been determined from the start, as a result it turns out that the market suddenly drops and they get nothing. Maybe they call it optimistic but in reality it is just human greed. In addition, they also often do not understand and learn from mistakes that have been made so that they make a loss, and in the end the mistakes keep repeating themselves.
It baffles me when I see traders during a bull run, who think that the market will just continue to go up forever. And when there happens to be a sign showing that the market will turn bearish any moment these people still continue to think that it will keep going up despite the signs that they are seeing in the market.

Most of them would keep jumping in even after the market has reached its peak price and at the end the market will fall and they will lose their money. It is really bad that even after so many years that we have seen this happened, people still do not understand that there are times for bearish and bullish trends.

Moreover, the bearish trend tends to last more than the bullish trend which would only just be for a short time.
42  Economy / Trading Discussion / Re: Best Crypto Signals trading on: March 26, 2022, 08:52:52 AM
Does anyone know a very good Cryto signals group for scalping ?
I found so many, some are scam and some without results.
Also tried doing the same thing but at the end it was just a fruitless effort. My advice would be that you should just do things for yourself. Same way that you were not able to find a reliable group was the same way that I couldn’t find any and what I came to see were just scammers and the ones that are yielding no results. So, the best thing that most people usually do for themselves is to learn how to trade on their own without having to rely on any analyst or groups that are providing signals or whatever.

But, I do understand that a lot of people need such groups because maybe they are busy and do not have the time to be on their screen and reading the charts to know when to buy and sell. But, if you can try to make out time to do this I believe it will be helpful to you.

Never use free trading signals, at least use VIP or paid signals, but with the aim of learning, so you will grow over time. Because it's not always the trading signals that you follow will help your trading activities to make a profit.
I really don’t know how good this VIP signals can be. So far I haven’t really seen anyone who is talking about VIP signals that they are making use of  and have been benefiting from it. But, if they are really going to be worth it then it might be good to consider. But, I would advise that before the OP decide to pay any group for signals it would be best that he ask for a trial, maybe one week or a month, when he will be able to try out their strategies or signals for free and be able to see whether it really works and how much he’s able to gain from it. And if he’s able to confirm 100% that their signals works then he can go ahead to pay for it.
43  Economy / Economics / Re: Bitcoin or altcoins on: March 26, 2022, 06:45:28 AM
As long as you are doing your research, alt coins may provide decent to huge amount of profits.

If there's a good usage for a certain project, collecting those assets will be good for your long-term investment. It's been
proven by those who bought ETH and BNB, they are all enjoyed from what the success these two coins provide.

But, it's also better to have Bitcoin the most, in terms of long-term holding Bitcoin is still the best option, in my own opinion,
as others may have their own choice of assets to invest.
If a coin has a good use case, there will always be people that will buy it because they can use that coin on a certain service. That makes that coin increase over time. That is why it is one of the famous advises for the investors but we cannot deny that until now there are still investors that are hard headed and will not follow an advice like that because they still invest on shitcoin, meme coins, or coins with no real world usage.

That's why they lose. Eth and bnb can be a perfect example for a coins with good use case but there are also top coins which have the same purpose like them but I wonder why people still prefer eth and bnb? though yeah we cant disregard btc, this should be the base of our portfolio.
44  Alternate cryptocurrencies / Altcoin Discussion / Re: Now it's meta here and there on: March 26, 2022, 05:38:32 AM
What we need to realize is that META is temporary and not a long term deal. I am seeing a lot of people who say that what we are seeing as META right now is not the real meta and it will become something better and that is when it will be really profitable.

The reality is that when something is hyped, it's hyped and when it is not hyped then there is no money to be made from that.

This means that people are hyped about meta right now, when there are no proper meta games, and after 5-10 years when we have amazing meta games, it will become the boring reality, and not exciting future, so it will not be hyped as much as it is hyped right now. So do not invest in meta long term, even bitcoin itself would be better.
45  Economy / Speculation / Re: Will Bitcoin Crash in The Next 2 Weeks? on: March 25, 2022, 09:31:34 PM
Not only every year, but FUD more often throughout the year it is used by some people to collect more bitcoin. Manipulation can also occur at any time and is also used to collect more bitcoin by several parties and until now these two things have never been lost. Panic attacks often occur as a result of the two things I mentioned although they are only temporary until bitcoin recovers.

FUD is sometimes just made up and often becomes something that is greatly exaggerated for the purpose of influencing supply and demand. But if you are smart enough to take advantage of the panic of traders and investors when the FUD starts to attack, then prepare your capital to collect more bitcoin. I am sure you will benefit from it as recovery will occur after some time.
FUD is a way to make sure that price drops, so traders could buy from lower prices, then it goes up and traders end up making some money. It doesn't mean that it will be that way all the time but it does allow them to get richer so they try their best to make it happen.

Traders are a lot smarter than people think they are, they know what could trigger a big fall, like let's say whenever long futures are held together for too long and one move could make it go down, and then all the liquidated contracts will turn to USDT and that means selling of BTC for it and that will keep on dropping the price. Knowing that exact threshold is very important, the end here is that we need to realize how they operate, and be ready to counter it.
46  Economy / Speculation / Re: Bitcoin Price. on: March 24, 2022, 09:14:05 PM
The price is dumping already just before the war started and we think the war cause the price to dump more but it was actually cause by a natural correction. The recovery is also natural. The price recover because the correction have ended and during that time the war is also not as tight as before.

There was also announcement about Ukraine asking for donation in the form of cryptos and people start to think the price recover because of that but anyway we can see that bitcoin price is now rising and it looks like it's going to continue up to 45k or more. This things are happening even when the war is still on going.
The war literally had absolutely no impact on bitcoin price at all, and the people who think that like a few thousand dollars swing in one direction could be something bad but in reality we should not be expecting it to be that bad at all, we should be expecting it to be regular bitcoin movements and not because of the war.

You may think that going from 38k to 42k was because of the war, but I can show you plenty of times it moved that way without anything in the world. So, you are 100% right, the war was not the main reason, sure it could maybe help it go that way, but it was a nudge, and not the main reason and bitcoin movements do happen no matter what's going on in the world.
47  Bitcoin / Bitcoin Discussion / Re: Why Satoshi was dumb on: March 24, 2022, 03:51:25 PM
Remember that Satoshi only created bitcoins and no altcoins. Who cares about those shitcoins and if you invest in those altcoins, it's your own fault.
Satoshi has given us the best cryptocurrency, that is Bitcoin. If you invest in other altcoins, don't blame satoshi, blame yourself and your greediness.
Even the satoshi themselves aware of that like this can happen but what can they do to prevent it? Nothing. He just focused on his own business and do what makes him think right. I wouldn't call him dumb for his bitcoin invention but I will call him a genius because if I look in the process of how to make bitcoin, it's so complicated.

If there is someone that we can blame for the altcoins and shitcoin that we see right now, that is not satoshi but that is their own creators while there are coins that we think bad but they are actually helpful because they serve as an alternative to bitcoin, that is why there is that word "altcoins" that we are using when we talk about coins other than bitcoin.
48  Bitcoin / Bitcoin Discussion / Re: Assumptions of People who don't know about bitcoin... Ki on: March 24, 2022, 10:00:41 AM
To add to Bitcoin is a bubble and Bitcoin is used for crimes, there are also:

-snip-
It is not just only those who hate cryptocurrencies, even people who do not understand Bitcoin do make such statements as well. Especially the one that Bitcoin is a Ponzi, I have seen a lot of people who have no idea of what Bitcoin is all about make that statement that Bitcoin is a Ponzi and a scam.

In fact, that is always the word that is mainly being used by people who do not know anything about Bitcoin, and it is not because they hate Bitcoin, it is simply that they have no idea of what Bitcoin is all about so they tend to say that it is a Ponzi.

Because, that’s what it looks like to them. As for those who say that Bitcoin mining is harmful to the environment, those are the ones who I would say are making such a statement because they hate Bitcoin. That is clear hatred, and they are trying to do anything possible to bring it down, but it wouldn’t work.
49  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Alts Follows Bitcoin's Fall? on: March 23, 2022, 09:29:21 PM
There is a concept called correlation that let us see more clearly if two assets move on average in the same way even if there are moments in which they move differently, some time ago I took the time to do this experiment and with a correlation of 1 meaning that the assets are moving exactly the same way, -1 which tell us they move in the opposite way and zero which means they move independently from each other, altcoins have a correlation of 0.9, which tell us their movements are heavy correlated to the way bitcoin moves.
It is cool to learn that there was also a test done for this. I am assuming that the 0.1 loss was due to some of the coins having some issues which resulted with them going down. Aside from that I am pretty sure that unless something unexpected happens, the movements are nearly the same.

I know that it will not be simple, I know that it will take time but I also know that it is a great deal that we should all be looking for most of the time. Obviously it is not going to be 100% exactly the same move, the amount it goes up and down could be different, while bitcoin goes down 5%, ETH may go down 8% and bnb may go down 3%, or same when its going up, but the direction will be the same and seeing a confirmation done in experiment is great to know.
50  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Solana have a future? on: March 23, 2022, 06:48:30 PM
Solana is a good project and it has been growing back as of recent. And I have read a lot of experts analysis on the cryptocurrency and they are all mostly positive. Most of them expect more than two hundred percent (200%) increase in 2025 and even more by 2030. So, the same thing you believe is what a lot of people do believe; that it will continue to grow in the future, as long as the developers continues to work hard to better the platform of Solana.

Although something else I have seen a lot of people complain about this project is its centralized form. But I have heard that they working towards being as decentralized as Ethereum and Bitcoin this year, and let’s hope they make that happen.
51  Economy / Economics / Re: Crypto is a part of war now, like it or not on: March 23, 2022, 03:44:23 PM
it’s also hard to know which projects are actually going to help people in Ukraine and which ones are just money grabs by opportunists.
There will always be people that will use the war and the donation thing only to take advantage of their own but it can be possible to detect. usually if we have seen lots of identical projects, most of them are just scamming. We need to verify if the project is backed by reputable people. That is the only way to make sure that the purpose of the project is to help the people in ukraine and not to help the developer of the project to get rich.

Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon.
It's a good thing if they consider crypto during this times and the more we like it if it will remain this way for such a long time. I don't know about you why are you worrying? we already identify that wars don't have negative effects in crypto.
52  Economy / Trading Discussion / Re: Where do daytraders store their crypto? on: March 23, 2022, 08:58:35 AM
That is the issue and the most traders have to go through this same thoughts every time and at the end they feel that it is usually best for them to just store their cryptocurrencies on the exchange that they are making use of, maybe Binance.com. and coinbase.com, instead of having to keep withdrawing and depositing it all the time that they want to trade on the platform which will result in having to pay a lot of fees.

But, by having their cryptocurrency stored on the exchange they can easily get to trading without much hassle. Although sometimes you can as well just divide the money and not put all of them on the exchange except the ones that you are trading with. That way you can at least minimize the risk.
53  Bitcoin / Bitcoin Discussion / Re: Why Hoard Bitcoin? on: March 22, 2022, 09:58:12 PM
Do you ever check the daily trading volume of Bitcoin? If you do check it you would know that there are lots of people who are using bitcoin to make transactions everyday or buying and selling. Of course there are many people these days who feel it is best for them to just hold their bitcoin because they are trying to save value.

It is a matter of choice whatever you feel is best for you to do with your bitcoin, then it is best that you do that. And majority of the transactions that we do these days are mostly with Fiat.

I take myself as an example because where I live you wouldn't see anybody who is accepting bitcoin or any cryptocurrency at all for payment. The only way you’ll be able to find someone accepting cryptocurrency for payment is through online and even online you would really find it hard. So I mostly use bitcoin to save value for myself, which is indeed a good thing to do, but also because I have less options to spend it.
54  Economy / Trading Discussion / Re: Why Does This Always happen? on: March 22, 2022, 08:55:56 PM
The fact that people all think that this happens is the proof that it can't always happen. Why? Because, reality is that we can't ALL buy and sell at the same time, it is impossible for us to buy and sell at the same time. Which means that it can't be happening, you feel like it happens, and you do face this a few times for sure, but it can't be like this forever, it is just a lucky or more like unlucky chance that you hit this and that is how you get here.

Moreover, we should not be really shocked about the results, we should be a bit more shocked about how we could predict it, but reverse version. In reality that could be used to profit as well.
55  Economy / Trading Discussion / Re: Do you ever JOMO? on: March 22, 2022, 08:33:31 AM
I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!
Such a thing has happened to me several times. there have been times that I planned to invest in the market and it happens that I missed out on my target and then I will feel that I have made a huge mistake because I missed the target I had, but at the end of the day I will realize that the market has dipped more than what it was earlier, and that means I now have a lot cheaper price or a lower entry to start from whenever I decide to go for it.

The best feeling comes when you finally invest and realize  that you got in at the lowest point that the market would reach, and from there it starts going up and you start making good profits.

In recent times, I decided to invest with grin after theymos's good review about it. But, when I was checking its economic rules, I decided not to go with due to its massive supply. (Grin is a good coin for privacy reasons and not for investment purposes). I really had JOMO at that times.
56  Bitcoin / Bitcoin Discussion / Re: Huge Future Bitcoin Holders! on: March 21, 2022, 09:25:24 PM
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.
There are also some millionaires who wouldn’t be interested in it and would rather prefer to be making their investment in other type of assets. But even all the millionaires like you have said decides that they want to invest in Bitcoin and maybe they want to buy 1 Bitcoin each – what you have to know is that there is no possibility for all of them to buy one Bitcoin each since the market is filled with so many other People and as each continues to buy the more that the value increases, and they might to even pay up to a million for a Bitcoin or even more as it continues to increase due to demand.

Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
Yes, that is why early adopters of Bitcoin were able to make lots of money because they were able to get on early and hold for a long time and it favored them. It is also going to be the same with people who would get on now, I can imagine where the price would be in the next decade ,it is going to be really huge. The same way that the price has increased to this current price level right now is the same way that it is also going to be very high in the next decade. With more investment coming in, the price would be increasing more and to match the demand that will be coming in the market.
57  Bitcoin / Bitcoin Discussion / Re: Elon Musk Wont Sell his Bitcoin on: March 21, 2022, 08:21:19 PM
From his tweet he said that he is not going to sell any of his cryptocurrencies whether it is Bitcoin or Dogecoin. He’s going to continue to HODL them for as long as he wants I guess. So far I don’t think that he has sold any of his coins and it is possible that he will continue to hold for long.

It doesn’t matter how long he decides to hold one thing for sure is that it wouldn’t affect him at all because whatever investment he has made is something he can afford to risk in the market. Bitcoin is also going to continue to increase in value and we all know that. But, I am not trying to take any investment or trading advice from Elon Musk, I just do what I feel is right for me.
Dude used to worth 300+ billion dollars at one point, I doubt that a few billion dollars wouldn't hurt him and that was on Tesla, not his personal crypto account, his own could be a lot lower. Which supports the idea that he could just forget about it, like he spent it on something and he could just avoid looking at the price of his portfolio forever. That way he could make as much profit as he wishes to and not even sell it.

I am not saying that he won't sell ever, he could sell it eventually but that doesn't change the fact that he could just not sell even if he makes 100x and that is the power of wealth. We may sell in that case, but he doesn't have to.

What I really like on Elon Musk is, he may be doing these all for personal gain but agree or not, he is supporting this crypto space at least on indirect means which is priceless in my perspective as it may bring lots new people to get into bitcoin or into cryptocurencies somehow.
58  Bitcoin / Bitcoin Discussion / Re: Is now a good time to be investing in Bitcoin? on: March 21, 2022, 09:53:54 AM
I heard the news that bitcoin transactions with Ukraine and Russia currencies have increased. That's the good side of the war news, especially Russia because it has been blocked regarding its money transactions then bitcoin becomes an alternative. Then this makes the U.S. want to create a regulatory outside the SEC. Apart from that all indirectly bitcoin has a growing trust, of course your investment can be started at any time. Because investing consists of several categories, adjust it to you, daily, weekly or long-term. But you also have to pay attention to the risk factors.
Those two countries are not even in the top ten of countries in the world with the largest economy, so I don’t see whatever they are doing having any major effect at all.

The price of Bitcoin has already started being bearish before this was started and we have seen it drop as low as $30,000 and it continues to go between this price and $40,000. And since the war started I haven’t really seen any major changes that has exceeded this current range.

Moreover how did you get to know that there are more transactions of Bitcoin in these countries? Although I would agree to Ukraine to an extent because there were lots of people who were donating Bitcoin to Ukraine and the Bitcoin donated were being used to fund their military. But do you have any reference to prove what you have said?
59  Economy / Trading Discussion / Re: You don't need to hodl a particular coin all your life on: March 20, 2022, 01:38:05 PM
There was a point when I thought that just holding my cryptocurrency for a really long time was what I needed. But, I finally started to think about it and it started not to make any sense to me because I really needed the money or profit that I was making from these cryptocurrencies that I have invested in.

Hence, I started to feel that the decision doesn’t really make any sense at all for me that I need to make sure that I am selling once I have made profit so that I can be able to use the funds in other areas or businesses that I am involved in.

This way for me, when I invest in a coin I make sure to check whatever returns that come from it at the right moment. It can be really helpful to do that. You don't just leave the profit there to stay forever. Then it wouldn't just be making any sense.
60  Economy / Trading Discussion / Re: Giving Bitcoin to Employees on: March 20, 2022, 01:04:58 PM
I believe that what you wanted to say was that cryptocurrency is illegal in your country.
In case cryptocurrencies are illegal in your country you can still continue to make use of it and even be sending it to your employees.

Although you would have to be very careful and make sure it wouldn’t be an information that would leak out there or get to the authority because that will then result to a problem for you and your company.

Or maybe it is best that you just stay out of making such a decision and just continue to pay your employees with Fiat. The decision that you made is a good one but if making such a decision would be to the detriment of your biz, then it is best that you just forget about it.
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