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41  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: March 27, 2022, 04:06:47 PM
It is not a secret that the implications of cryptocurrencies will be used to overcome regulations and restrictions and will be used for a global trade without restrictions and now that all the central banks and the government are aware of the untapped power of a decentralized currency, what do you think will be the implications in the long term when they are planning to regulate the entire cryptocurrency space.
Personally I think that the events that have played out would only push the government and the central banks to put more effort towards regulation of the cryptocurrency market. They wouldn’t push it aside, because they know that if they do push aside, it continues.

Bitcoin is not something that you push aside, it doesn’t stop running. Look at countries where the government has banned cryptocurrency, people still find a way to buy and sell and also use it for transactions. And in that case it means the worse for the government since they wouldn’t be able to at least keep track of some of the transactions that happening in the cryptocurrency market.
42  Alternate cryptocurrencies / Speculation (Altcoins) / Re: REASON WHY ALTCOIN MARKET HARD TO SPECULATE on: March 27, 2022, 02:40:28 PM
Altcoins are also largely decentralized across multiple categories, the main blockchain on the ecosystem, and the derivative altcoins that are born on top of them.  Most altcoins these days are actively oriented by the DAO standard and completely decentralized, this is not the next trend to quantify altcoin appeal but it makes a difference because if one  something is created and you are part of the full development of the project.  Independent and cannot be interfered with in any way.  I think that is the future behind the altcoin market. I think that's how altcoins can sustainably grow.
To be honest I like the idea of this DAO because users have the right to vote, they are in control of the coin and not mostly its founders. We are sure that less manipulations are going to occur and this makes the coin easy to speculate.

We have several DAO coins but their growth is still the same, it's not sustainable because there are times that their value can dump just like a typical crypto. So, making use of this trend only for time being may help and then we need to switch over to a new trend. This is how the entire altcoin industry is working.

@OP the altcoin market doesn't revolve around eth but they are all separated because not all alts are centralized. If we think eth is hard to speculate and centralize then we should avoid this coin but we should go on the altcoin that is more easier to speculate and more decentralize if that's the way to make more profits.
43  Economy / Trading Discussion / Re: A few key points distinguishing traders from gamblers on: March 26, 2022, 07:29:55 PM
Chasing markets and rushing the process is not what real traders do. Instead, they follow their plan and wait for the price to play out and match their entry criteria before executing. Nonetheless, gamblers like to overtrade, open positions based on nothing, make biased decisions.
It is very important that traders get to know that they don’t have to get into trading except when a few of their criteria are met. Trading is not gambling and it is not something that you just get on with without having criteria that should be met before you start your trading. This is why anyone who wants to be a trader has to learn first and after you have learnt and developed a strategy that works perfectly you then have to know what should be met before you start your trading with that strategy and have it being successful. Every strategy works, but you have to know when.

there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling.
This is just what I had in my mind. Even gambling requires strategies. There are lots of gamblers who always analyze their games and they take their time to learn it and be really good at it before they start playing it. Same way that trading requires that a trader has to learn and develop a good strategy for them to be successful is the same way that gambling also requires that you learn it and have strategies that would work for you. But, as you have also pointed out, it is mainly on luck that gambling runs on, while trading is mainly based on having a good strategy that would work. Both are similar in some ways.
44  Economy / Trading Discussion / Re: Tips and tricks for day trading on: March 26, 2022, 11:28:23 AM
everyone who trades day of course has his own strategy and way to analyze coin price movements, for me to learn to analyze coin prices I don't need to look for sources from any website, I go straight to the exchange and I will try to learn to be able to directly analyze price movements in the market , maybe to find out and look for altcoin information we can visit twitter or other social media to be able to find information about the altcoin we want to trade and find information about altcoin development.
Social media is usually not the best place to find tips and tricks. I mean there are actually no tips and tricks about day trading, you just learn and you get better and that's about it. The end result should not really be something that is difficult for people to handle.

I personally believe that if you study hard, then you know how to trade, and in the end you will end up with something that is positively profitable. However, if you look for shortcuts, tips, tricks and so forth then you will end up with losing some money and that would become something a bit more difficult for you. It is useless to risk your money on those cheap methods that promises the world to you.
45  Economy / Economics / Re: Crypto is a part of war now, like it or not on: March 26, 2022, 07:26:20 AM
The "like it or not" part is very important, some people do not want crypto to be in the center of attention this way, both Ukraine and Russia uses it for their benefit and people are worried about it. Honestly, it could be donations to Ukraine, or loophole around sanctions for Russia, in the end if people are using crypto then it is a good thing, doesn't matter what they are using it for.

If Ukraine is saved thanks to crypto, then it is a good thing and shows how crypto could be used for good, if Russian oligarchs which you and I could hate, uses crypto to go around the governmental overreach, then it also shows the benefits of crypto as well.
46  Bitcoin / Bitcoin Discussion / Re: Buying BTC vs Mining it on: March 25, 2022, 10:02:05 PM
I am not an expert on understanding how GPU's work or even want to learn that because it is way too technical, nor would be interested in high tech ASIC bitcoin miners neither. I only use a laptop for every day usage, it is a very old one and it keeps having problems and I have heart attack like panic attacks whenever it crashes.

Since, it is an old one, it does have crashes like once a month and I should get a new one but I really do not want to spend that much money on a new computer when this is still working, I will wait until this one is completely dead. Imagine me using some ASIC miner, I am barely using the current laptop I own, and not even caring about it well, I would destroy an ASIC farm, so there is no need for me to risk my money that way. Buying bitcoin is FAR better option.
47  Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers on: March 25, 2022, 12:35:25 PM
I think the only way when crypto influencer can be trust, is the situation when you see he has invested his own money in it, the amount invested is huge and investors financial stability would shaken if projects turns scam. If influencer is ready to make a take huge risk, then this project might be considered for investment. But if Bill Gates shows that he has invested thousand bucks in new metaverse p2e game with NFT and marketplace, called ShibaDoge race, I would never invest in it.
Yes, it is important to know whether the influencer you are following has invested a huge amount of money in the project that they are talking about. But, even at that you shouldn’t go blindly and unprepared into the lions den, you should make sure that you are prepared for whatever is to come.

An influencer invested in a project is not a guarantee that that project is going to be successful in the future and generate profit for you, and you know very well that most of these influencers are rich and have enough to spare, so they can risk anything.

There is no guarantee at all on that. Which is why you have to also check that project properly and be sure that it is something you are going to believe in and you are sure it is going to be a success or you know that you are out for it and you’re ready to take the risk. If not, then stay away from it, whether an influencer has invested in it or not. Your own opinion still matters.
48  Bitcoin / Bitcoin Discussion / Re: Malaysian Ministry proposes cryptocurrencies as legal tender? on: March 25, 2022, 08:21:16 AM
Okay now this is getting out of hand! After El Salvador being the first, to Honduras set to make BTC as legal tender soon, and now this???

This is just a proposal for now, so there’s no official word yet if it’s already official. You think this is a good idea for Malaysia to make Bitcoin as legal tender after some countries are following the footsteps of El Salvador?
Doesn’t seem a bad idea to me as long as the citizens in that county are good with it and are ready for it to be adopted as a legal tender. I have seen some surveys that are being carried out sometimes to get people’s  opinion on questions like this.

So, I don’t think that it is a bad idea to have it as a legal tender, but it would be a currency alongside the original fiat that is being used by that country.But there are still people who think that adopting Bitcoin as a legal tender in a country is a pure folly. That’s why I pointed out that before any government goes about doing this, they should be sure about it.

The bitcoin movement is getting more and more widespread and this is certainly very good.
This means now Malaysia will be one of the pioneers if this is indeed approved, especially for those in Asia.
Now many countries have started to support and see that bitcoin is indeed one of the profitable things, so it's not wrong for them to do that because this is something very good to wait for in the future
But sometimes I do worry about this adoption of bitcoin as a legal tender by some countries. It makes me wonder what would be the next step that the government is going to take after they are done with making it a legal tender. Would this be a step towards making bitcoin become centralized?

Yeah, I have seen news about the new strategy that the government might start to apply now, which has been the reason Coinbase CEO has advised cryptocurrency community to make sure that they stick with decentralized wallets. Bitcoin don’t have to be approved by the government before we can make use of it, anyone is free to use it.
49  Economy / Economics / Re: online skills in the face of war on: March 25, 2022, 06:21:23 AM
Everyone is saying digital skills, you have to learn to program, you need to get a job that can allow you to work remotely, and then they are making Pikachu faces when they hear they will have to wait 10 days for somebody to come and inspect their washing machine, that it will cost them one monthly wage and that the spare parts are coming next year.
Are you responsible for all of that to work? I mean there are those who do this kind of work, and there are those who will not. Just because we "need" these jobs to be filled, doesn't mean that we need to do it ourselves, let others do it. If you want to save yourself, just stop working for something like this, and focus on getting a digital talent that could be hired by some company in a better nation.

Plus, people who are in the USA will ask for a lot of money, median salary there is 52k, whereas in another nation you could get someone for 12k, who says they won't be as good or even better? This is why individually we are not responsible for filling those jobs, we are only responsible to get ourselves richer.
50  Economy / Economics / Re: Thailand ban using crypto for payments on: March 24, 2022, 09:26:47 AM
I believe Thailand will launch their own CBDC, the Thai government obviously doesn't want their citizens to have absolute freedom to transact. But at the same time I believe the Thai government wants to HODL Bitcoin as part of their FOREX/commodity reserves? Why are the allowing Bitcoin as an investment?
I think so because I have been following up with other countries that have banned cryptocurrency and it happens that they do release their own central bank digital currency. When China banned bitcoin they went ahead to also release their digital Yuan, and that was the same thing with other countries that banned bitcoin, a few of them released digital currencies.

I guess they are doing so as to make their citizens to adopt their own digital currencies and not rely more on bitcoin. But I don’t think that is necessary because a lot of people would choose to make use of Bitcoin than any other digital currency, even if it’s owned by the government.

Moreover, I know someone who is living a country where Bitcoin has been banned, and peer-to-peer has been their only way of making use of bitcoin or trading it. The only thing that the government does is that they will stop centralized exchanges and also stop banks from working with any of those exchanges. People who are in those countries just continues their use of cryptocurrency by making use of P2P wallets and exchanges such as Paxful and Binance P2P, it really goes a long way to help them.

This shows that not every country would be interested in bitcoin or any cryptocurrency just because others are doing so.
51  Bitcoin / Bitcoin Discussion / Re: Donating With Bitcoin on: March 23, 2022, 03:36:08 PM
You can definitely open a bitcoin donation campaign and I believe it will definitely help, but do you think it will be safe, don't you think scammers might endup hijacking the campaign, what if scammer use thesame pattern with your own post and endup changing the wallet address, people will definitely send coins to the wallet address and they might be thinking is the legitimate wallet address, they won't know the wallet belongs to a scammer that's why I believe it's kind of risky.
Why risky? Are those people that donate blind to not see or compare the address to the original one? OP can post some warnings and other forms of proof that he was the original and people should know it if where will they donate. There is also no risk here because you are are not expecting for any return.

It was not like you are investing for a crypto but you are willingly giving your own crypto the people that needs it the most but first the OP must confirm it via going to the actual place and he should not believe on the pics or on the message that he saw on his screen because anyone can pretend in the internet. We need to be sure that the money will go in the right hands.

Accept or not, in near future all non-profitable or philanthropy organization will have options to accept bitcoin or other cryptos and government will agree with that as donations can be considered beyond regulations and limitations.
52  Bitcoin / Bitcoin Discussion / Re: No Bitcoin, No fun for you! on: March 23, 2022, 06:18:07 AM
Before there has been news of Russia banning bitcoin from their country but it later happened that they never banned it and decided it will stay legal and they also allowed Bitcoin mining in some states in the country.

As of right now, due to how bad the Russian ruble has gotten, it is quite possible that they might decide to change their mind about bitcoin so that they can stop the trend and also try to control everything. But, it is clear on how difficult it is for any government to gain control on bitcoin, because bitcoin is completely out of their zone.

It is a decentralized currency and has no central unit that the government can try to control it from. So, it is going to be impossible for them to really squash the trend. It means when people start adopting bitcoin for their whatever reasons and purposes, the stand of government will go insignificant and that must be the power of p2p things.
53  Alternate cryptocurrencies / Altcoin Discussion / Re: Suggest best 5 exchanges that you experienced on: March 23, 2022, 04:32:41 AM
For me the top 4 is already top 4 in the CMC ranking list as well; Binance, Coinbase, Kucoin and Kraken are definitely in my top four.

In order to live up the place, I would say uniswap could be the fifth there. I know it is not a centralized exchange but we have to just realize that Uniswap changed the game. It allows people to be their own exchanges, we all get together to make that happen.

Without users, there is no money and none of that money leaves your wallet and enters someone elses to make it work, it's yours, you can stop staking it any moment you want and there is no hacked or exit scammed or anything like that. Plus you make a profit from being there, and you spend very little for trading there as well.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Community means everything on: March 23, 2022, 03:29:44 AM
All these people who claim that community is the one that makes a project, will always end up investing into a shitcoin.

I have seen plenty of projects with low community for the longest time, like for a whole year after release, but they did not stop and they kept on improving and eventually became better. ADA may look worse right now compared to last year for example, but look at 4 years ago and how little it was.

It didn't have a proper community, it didn't have any hype, it didn't had anything and they still didn't stop and became a lot bigger. They are still failing to deliver that good smart contract network they promised but they are at least bigger than what they started with, which was nearly no community and just kept on consistently improving.
55  Economy / Economics / Re: The economy is important for a family! on: March 22, 2022, 09:48:10 PM
Maybe if later my daughter goes to college and is interested in majoring in finance, she will find the right lecturer to teach her about finance in more detail.

For now I will only focus on the introduction and management of crypto assets, wallets and crypto investments (I think this will be the last point after the previous 2 points she has understood). The main focus is to save crypto, for example Bitcoin.
Finance and college is a bit too late, there will be some people who will learn the worlds from a simple teacher, there will be people who will learn nothing from someone like Benjamin Graham. It is a bit more about the person and both how they were raised and their character.

However, if you teach them at a very young age, simple stuff, like value of savings then you would be able to do a lot better. Kevin O'leary recently said that the median income Americans make yearly is around 52k, if you put 10% of that aside from 40 years, you have 1.2 million dollars when you retire. Obviously there are a lot of stuff that happens which blocks you from saving like that, but even this fact is not known by enough people.
56  Economy / Trading Discussion / Re: Where do daytraders store their crypto? on: March 22, 2022, 11:22:11 AM
Of course, storing our tokens on an exchange has a risk but that doesn't mean storing tokens on a private wallet has no risks. We can forget the password or private key of our own wallet and sometimes it will be difficult to recover the wallet once we lose the data. While on the exchange, we may get a help from the exchange service center if we have a problem with our data or tokens.
Well, the difference between the both of them is that when it comes to making use of a decentralized or non-custodial wallet you are the one who is in charge of the safety of your cryptocurrency wallet. In this case you should be aware of the risk that is involved in making use of a decentralized wallet and you should also be aware of how to handle such risk and know what to do and be very careful with your wallet and the kind of information that you put out that might put you at risk of losing your money.

You should also be very careful with how you store your private keys which is like the main thing about your wallet because if a hacker gains access to it, you lose the money.

But in the case of centralized exchanges or wallets, you are not in control of anything and if the exchange gets hacked you may lose your money. But even at that it is also good to make use of a really good exchange and know what practices they put in place to make sure that their users assets are hundred percent secure.
57  Bitcoin / Bitcoin Discussion / Re: Honduras to declare Bitcoin as a legal tender? on: March 22, 2022, 05:14:20 AM
I do believe that there will be more nations that turn bitcoin into legal tender for sure. It will not happen very quickly, and I do not know if Honduras is the next one but I know that it will definitely happen. Why do I know this? Because the moment bitcoin becomes 100k, El Salvador will become a richer nation.

Maybe you think that the USA with 20+ trillion dollars is the usual situation, or even your nation may have hundreds of billions of dollars worth of debt, but these nations have little money and little debt.

Meaning if they invest into bitcoin, like let's say 500 million dollars, and get 5+ billion dollars back, even if they do not use it, that is money that they can leverage into making more in the future, even easier to get loans to get your nation better. Other smaller nations will see El Salvador getting rich this way and they will want to replicate the results by doing the same thing.
58  Economy / Speculation / Re: No FUDs will win the market on: March 21, 2022, 08:39:09 PM
Give FUD a chance Guys because the truth is? those are really not bringing bad in market instead this helps bring more people inside crypto as curiosity will indeed part of peoples idea in searching for what is the right way or place to invest.

and also this shows How healthy the market is right? because the more FUD is increasing this let us learn how popular and increasing the market is.
Because of the FUD, it also makes investors mature and understand what they are doing, why? because they learn from their mistakes. Newbies usually commit mistakes because they are so emotional, when FUD comes around, they'll likely make regrettable mistakes, but as I said, if they learn from it, it will make them grow as an investor.
That is very important aspect of crypto and unfortunately not everyone has the mindset. I have made plenty of mistakes in my life, and I have learned stuff from some of them, others I did again and again until I realized my mistake but you eventually learn it. I do make mistakes even today, but I try to learn from them and get better.

However, there are so many people who make the same mistake over and over again and expect a different result, Einstein calls them idiots. If you fail at doing something one way, it's alright to give it a go a few more times to make sure it's confirmed, but then move on from that and do another method if you want results. I mean we just need to follow the fundamentals of bitcoin and definitely not the baseless claims which includes and FUDs and negative talks.
59  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins with a potential like the Ethereum. on: March 21, 2022, 07:14:16 PM
People must like the game and play in it actively to increase liqiudity of the game.
If game is popular and in demand it will have a good liquidity.
Not all games can be enjoyed by everyone now because there are many new games now in the crypto space so the popular ones will always be in demand and the unpopular ones will soon die before new ones are born again.
So there is no need to play all the new games now if the old ones can still produce very well.
Most of the games do not really have "fun" part involved all that much. I mean do you really think that Axie became as big as it was because it was fun to play? It was making people money to play and that is why it became as big as it was.

As soon as that part was gone, people stopped playing it as well. Each SLP used to worth as much as 20 cents, now each of them worths less than 2 cents, that is a more than 90% drop to begin with. But, let’s assume that the market crashed and this drop was because of that. Even when you check the last month, it went from over 2 cents to under 2 cents, whereas crypto has been fine during the same period.

Hence, it is clear that games do not really matter if they are fun or not, as long as it brings profit to the person who plays it.
60  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's the $500 for? NFT or Coin! on: March 21, 2022, 10:01:26 AM
This discussion could go on for years, and we would never really have a correct answer to it. Reality is that we are talking about something that should not really be this much of a big deal, whatever you want to invest into, should be what you want to invest into.

When this topic was first created, even a proper NFT would be easy to pick, nowadays it doesn't look like we could even end up with something decent and NFT is getting less and less popular. Doesn't mean you shouldn't invest into them, there is still a market for it but a bit less than what it used to be. Just search for a good thing, do not look what type it is, just make sure it is a legit one.
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