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4021  Alternate cryptocurrencies / Altcoin Discussion / Re: How ethereum gas fee work?? on: July 02, 2021, 06:35:34 PM
The main logic was that there are miners who are getting rewarded, "technically" speaking it could get to free as well, gas fee usually charges depending on how clogged the blockchain is and for per block the highest paid ones get processed and if you pay the most then yours will be the fastest and if you pay very little then yours will be either not processed at all or it will be very slow. So what happened was that there were tons of people doing something and they paid a bit, and others paid even more to get ahead, and then others paid even more and it kept going like that because people wanted to be the first.

Eventually it reached to 40+ dollars at some point not because that is how much transactions there were and we needed it, but because people wanted to be the first, leave the price under 1 dollar and not rush your moves and it would have still worked. Which is what is happening nowadays anyway.
4022  Alternate cryptocurrencies / Tokens (Altcoins) / Re: Idea: An elegant solution for algorithm stablecoin with Multi-Asset Reserve on: July 02, 2021, 04:22:45 PM
Unfortunately all the new projects that are getting created are not "that" different from what we already have. However the problem is not about being at the top or being at the bottom, it is about having a ton of money instead and that is the problem that these projects usually have. Why do people use USDT? Did you ever stop and think why BUSD is not bigger or USDC or GUSD or whatever else? The only reason is that USDT was created first and made a ton of money and spent all the profits they made into marketing and agreements.

Look at exchanges, almost all of them have USDT and that means that people really love that coin right? No that just means that Tether company went up to the exchanges and gave them all kinds of incentives and money to be listed there as the top stablecoin. Doesn't matter if it is titi or anything else, if you have the money for it you will be at the top, if you do not have billions of dollars to spend like them? Then you won't be cared at all.
4023  Economy / Economics / Re: (HELP) - Which are the most friendly countries for a crypto startup? on: July 02, 2021, 02:58:55 PM
Just for token? Well depends on the utility itself because that utility could have different laws in the nation you are in. For example if the utility is like an exchange such as BNB for Binance then you could go with Malta or even as high as USA because it is different there. Or if your utility is buying something like lets say a teddy bear, then it becomes different and in that case asian nations have a better law there about manufacturing and selling something.

Basically it all comes down to what utility you want to deal with and there is nothing you can do that can change it, just focus on the utility and learn the laws of that utility in the nation you want to. Crypto startups are dime a dozen and you do not want to basically start a business, you want to start a token and that is very different then having say a mining business or an exchange business.
4024  Economy / Economics / Re: Is it good to allow Black Money to be whiten by investing in Stock? on: July 01, 2021, 09:05:27 PM
Depends on the nations growth. If we are talking about a small nation then if you can take the dark money and put it in stocks that will make the companies richer and grow bigger and that helps the nation a ton, we need companies to grow bigger and bigger and be global brands in order to help that nation, any poor nation with one huge company that sells in tens of billions to world would be benefiting from that and growing out of a poverty nation to a developing nation thanks to that.

However if you are already a big nation then I doubt that you would "need" that, only would allow that to happen because well money is money and who says no to money so they still take it even though they do not need it, it's called greed. Which is why there is really no way to stop this, dark money will find its way into pockets of rich people to launder one way or another.
4025  Alternate cryptocurrencies / Altcoin Discussion / Re: SBI Plans to Utilize Ripple Payments Network to Consolidate ATM Access in Japan on: July 01, 2021, 08:38:20 PM
Let them do whatever they want, Ripple is already a horrible one and they keep getting big "news" in the method of just paying big amounts to some places or arranging big deals with places just to stay relevant but we all know they are not. It is a premined scam coin like ProfWigSlipper said and nothing more.

If the whole control of a coin is in the hands of two people then there is no centralization and there is nothing that can make it worth something in the long run aside from that two people keep pumping the market up about it and nothing more, the day they decide to get rich on it and scam all investors, they can and maybe you can doubt why would they but I do not want to take that risk.

Only centralized coin I am using is bnb, and I am not too happy about it neither, I hope to quit that one day but so far they have done 100x more to BNB then what Ripple did in twice the time.
4026  Economy / Speculation / Re: Will BTC Go for Another All Time High This Year? on: July 01, 2021, 08:16:01 PM
Nobody can really know what is going to happen man, we can try to make predictions and guess what will happen but it is purely just assumption and that is why there is no logic behind this. If it happens it happens, if not then all is still well so there is no rush to make it go back up again. Maybe it will go up in 2022, maybe in 2023 and who knows maybe in 2024? That is why there is no rush to this. Remember all that talk about 4 year cycles? Well in 2020 we were doing just fine, and start of 2021 as well, by that logic we should be going up again very high at late 2024 and early 2025 and until those years we should not be doing anything at all.

I still think the difference between 2017 and 2021 wasn't exactly 4 years, because 2018 was a bad year but 2019 was a good year as well, and 2020 was a good year too. It means we could have a bad 2021 (or already having one) and then 2022 could be fine and 2023 would be even better and 2024 would be high peak? I do not know of course, just making assumptions.
4027  Economy / Speculation / Re: Bitcoin Gathers Upside Momentum, Faces Resistance Near $40K on: July 01, 2021, 07:43:37 PM
we all know how painful it's been to try and get past 36k. The last time before yesterday we did, the pullback from resistance took us back below $30k. Kind of got me slightly worried but it's recovered since, but yet again, yesterday/today is showing further signs of weakness.

On the other hand, easy money for those with limit orders at 29k. Sell at 36k 3/4/5 times already can double their BTC. Not for me though.
What you just described is exactly what trading is all about and that is what traders are trying to do. Some of them are good traders and manage to do it, some of them are bad traders and fail to do it but there are many many periods in bitcoin history when the price went up and down between the same prices and people put buy orders at certain low levels that it reaches and sell orders at the high levels that it reaches and kept trading in between those prices.

This is a common thing when the price is not acting volatile like the past year. However that is also one of the reasons why it doesn't go above 40k very easily, people end up buying at between 28 to 32 and then sell it at around 35 to 38 and even 40 at some times and that is why it fails to go any higher. If those traders kept their money and waited for more, they wouldn't be traders, they would be investors.
4028  Economy / Speculation / Re: Germany is about to allow legally the funds to invest in crypto, from July 1st on: July 01, 2021, 07:15:55 PM
This is basically the way to go, because Germany is a smart nation that has been always doing financially solid stuff as well.

At times I do start to realize why Germany had that whole ubermensch idea even though I am not German myself, did it veeeeeery wrongfully of course with Hitler, but the idea of Germans being better than others does have a merit compared to nearly 200 nations, maybe arguable about only less than 10 nations. Why? Because they have always done the right thing, this is the nation that came out of world war two as the losers and lived apart as two different nations with a wall, and look at them now, they literally had extra money left instead of have a deficit, it is that kind of nation now. Of course they will be the first big nation to get crypto to a higher degree acceptance because they know how important it can be for a nation to be first in innovation.
4029  Economy / Trading Discussion / Re: Best indicators for this situation? on: July 01, 2021, 07:00:36 PM
You could try a lot of indicator combinations. Usually, Bollinger Bands with MACD or RSI is a great way to start. I mean, they could really help you assess if you are going to have long position or a short position. There are a lot of resources that you could check and one site that amazes me is from Binance Academy.

You could check it out here: https://academy.binance.com/en/start-here#trading

They have a very thorough type of topics available and you could really learn a lot from there.
Add EMA into that and you are basically done already, most others are totally useless. I do not like Bollinger Band all that much because it just moves the post too much, it shows one thing and if it stays like that for a day suddenly what was insane yesterday becomes expected today according to BB and that is not something I really like in TA because I want some stability of my predictions. However one thing I like about EMA is that you are checking the weekly and depending on the weekly you could make a prediction for the next week, it is always stable because what happens today should impact tomorrow logically.

MACD and RSI is very nice as well, I have used them in a trading bot before and it did worked not so bad, especially when buying it is definitely catching right before it hits bottom, selling is quite difficult in any indicator at all times.
4030  Alternate cryptocurrencies / Speculation (Altcoins) / Re: PANCAKE (CAKE) will reach $100. My own goal, NFA on: July 01, 2021, 05:03:21 PM
I do believe that there is a good chance it could reach 100$ in the future, but there is no way it can do that anytime soon. This is similar to the trajectory of BNB itself if you ask me, because BNB wasn't something this high like right now, and it didn't break over 100 bucks that easily, it took years for it to reach that level. However it did break over that and reached nearly 700 bucks as its ATH, how? Because it did something big with the BSC and that allowed it to go up that much.

Cake is doing fine right now, like the time when BNB was only used to get 50% discount on trading fee, something similar and I am sure it will do something major in the future as well and it will be worth so much more. So my idea is to just buy it now, wait for it to go up, in a few years I will be thanking myself for making this investment and will be in so much profit.
4031  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Elon Musk notices the existence of "Baby Doge Coin" on: July 01, 2021, 03:53:20 PM
This guy thinks that he could do whatever he wants with the world of crypto but I seriously doubt that he has any influence left anymore. Just take this tweet for example, he assumed that people would be investing into doge because he tweeted about it, or people would care about it, yet here we are; doge price is unchanged (even down a bit) even after he tweeted. So, this is actually a good thing, because we should shred those who would influence and manipulate the market according to their wants and we should not be looking into anything that would be hurting us with the way they posses power.

Elon was way too powerful for bitcoin and now he is no longer that much powerful, that is something good for us. I am glad and I hope he keeps tweeting about doge once a day every day forever and people will see that he has no power left at all.
4032  Economy / Economics / Re: Crypto Passive Income - My Experience on: June 30, 2021, 08:54:19 PM
Interesting to see that people are actually going with this interest thing in the crypto world as well. I always said that we should not be doing it in fiat world because it was always a bit of risky move, but I guess it is actually going very well in crypto because it is not guaranteed. In the regular fiat world if you give someone interest, that money has to come from somewhere, which means if there is finite amount of money, then that person would collect all the money in the world one day, which is why we do not have finite money and we keep printing it, and that makes fiat less and less valuable (among other reasons).

In crypto it is about the same, we keep printing, farming, mining new tokens/coins everyday to keep giving people these earnings, it should definitely make the token a lot less valuable over long period of time, now there is a demand for it but eventually it is going to be very tough.
4033  Economy / Economics / Re: Is this a gang up against cryptocurrency? Or ways to regulation? on: June 30, 2021, 06:52:21 PM
Upon reading the news, the FCA of UK has released certain set of rules in which Binance has not yet complied with. Unfortunately, the government also wants control to every transaction that comes within the ambit of their jurisdiction. Anything that is decentralized is a red flag for them since it allows some circumvention to their authority.

This is one of the problems that cryptocurrencies, in general, are facing. The decentralization, even if the idea is very promising, is one of those innovation that the government cannot just accept without consequences.
People mistake what "decentralized" means in crypto. It means the ruling of crypto is decentralized, how you use it has never been decentralized at all, even the whole existence of binance proves that it is not how you use it, it is what you are using is decentralized.

To give an example, if you want to increase the max cap of bitcoin numbers from 21 million bitcoins to 210 million bitcoins, you can't because it is decentralized, or if you want to revert back a transaction, you can't because it is decentralized, basically no one person has the power to control blockchain and the code, whereas if you want to send money to me in 10+ million dollar amount, governments will ask where did that come from, or if you want to not pay taxes on your crypto trading, governments will give you a penalty. So as you can see, it is bitcoin that is decentralized, not what you do with it.
4034  Economy / Economics / Re: Deutsche Bank issues dire economic warning for America on: June 30, 2021, 05:29:45 PM
Some experts and analysts claim the economic crisis of 2008 was caused by recession in the united states. That's one motive behind it receiving so much emphasis and attention. America has the #1 economy in the world. Its the largest economic trading partner. Recession and slowdown in the USA could have a domino effect, negatively affecting the economies of all nations.

Policy decisions made by the federal reserve, Joe Biden and others in positions of US influence could affect everyone positively or negatively. Even if they reside on the other side of the planet.

At least, that's the conventional wisdom. Perhaps times have changed and new modern monetary theory explanations have arisen to disprove everything I'm saying here?
That's exactly what happened in 2008. We all know the reason with the mortgages and how everyone got some, and how the debt default rate was higher than what people were led to believe etc etc that part is already know. However what people do not realize is that some people in wall street got greedy and because of that Greece and Spain literally bankrupted. Can you imagine how powerful USA is in the world economy stage? Some people in wall street (well almost all people in wall street) sold bad mortgage bonds that had high default rate and because of that whole nations had horrible situations for years to recover.

So, if anyone ever doubts how important USA is in the economy, just tell them wall street can destroy nations by being greedy, you have the proof. Which is why this new hyper inflation scare is no joke, something like that in USA would not just hurt USA, it would hurt the whole world.
4035  Economy / Trading Discussion / Re: Excessive stimulus and devaluation of dollar gave bitcoin and gold their appeal on: June 30, 2021, 03:34:59 PM
I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.
Yeah, but we are not done with 2021 yet hence planning for 2024 (halving) and 2025 bull run are too far for me to think about as of now. I mean like many people do speculate here, I am also confident about seeing another new ATH in 2021 which may be higher than 200k levels as well. So, buying more at current dips must be a best thing a bitcoiner may do right away.

US dollar is continuously getting devalued for whatever reasons and stimulus packages are not exceptions hence bitcoin and all other alternatives might find their boom respectively and among them bitcoin might remain as an exceptional performer due to its known definite supply.
4036  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your top picks to buy the dip? on: June 26, 2021, 09:09:40 AM
Right now? Ethereum. It is looking like a snack, it is way too down, finally under 2k, and I believe with the next bull run it is going to go over 4k very easily, and it is going to even breach 10k after the whole eth 2.0 thing as well, there is a good amount of money to be made from it.

I am not saying it will start to go up on this day or that day but it is going to go up for sure and that is why I believe that is the one I am going to invest. Not only because it would be making me profit on bull run because I know that everything else will make me profit on bull run as well, that is what the bull run is all about but I know that it could make me a profit even before the bull run because it is at the very least getting an improvement and that is very important. Even during bear run, ethereum could have that eip 1559 and then a year later the eth 2.0 and can make me profit.
4037  Alternate cryptocurrencies / Altcoin Discussion / Re: Still thinks that crypto is manipulation free? on: June 26, 2021, 08:44:18 AM
I guess it was never manipulation free? Whoever thought that bitcoin is manipulation free ends up kidding themselves because it has been open for manipulation since day 1. Satoshi "manipulated" that it worths something, that is the first one. Next big one was mt.gox "getting hacked" which changed the price so much, and then there were tons of them following that to this day, it was always manipulated.

However every other currency is manipulated as well, that is not where the difference is drawn, fiat and everything else is manipulated too. What the difference is right now is that nobody can control it, and that is a very important thing, we all control it, we all decide it, people can literally use the old blockchain right now when they want to pay, it would mean you pay a huge fee but you can still use it, it all depends on what we want to do.
4038  Economy / Trading Discussion / Re: Stop losses on: June 26, 2021, 06:31:21 AM
You can trade shitcoin get your profit and move out without been attached like what most newbies investors are currently experiencing.
In simple words this can be summarized like this: for trading you just need technical things whereas for holding you must need to go for fundamental analysis. Fundamentals of bitcoin is too good and that is the reason it is highly recommended for long-term holding. Long term holding got nothing to do with stoploss things.

before I enter a trade, I am deciding my stop loss immediately, and set it once the trade is open.
That must be the exact way, every trader should go Smiley. Evaluating how much we can afford on the event of negative market and then immediately incorporating stoploss levels once entry got triggered are usual practices of pro traders.
4039  Economy / Trading Discussion / Re: Excessive stimulus and devaluation of dollar gave bitcoin and gold their appeal on: June 26, 2021, 05:53:55 AM
Robert Kiyosaki has predicted that bitcoin is bullish on a longtime but at the present, a little more fall to $24k. He is encouraging more buy and hodl for long...
This must be an easy call for anyone who has been into bitcoin ecosystem for years and recently we have seen bitcoin was testing below $29k levels and then recovered fast toward $34k levels hence I am not seeing any possibilities for testing $24k levels anymore hence buying right now and holding at least till end of this year might get anyone enormous profits for sure like guaranteed 4x profits within next 4 to 6 months of time.

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.
So far all the halving of bitcoin network have provided significant impact on its value hence the recent halving of 2020 and upcoming halving of 2024 also must provide same level of impact. This way, we yet to see the full effects of 2020 halving.
4040  Economy / Trading Discussion / Re: - - BITCOIN - Smooth Trader :-)) - - on: June 26, 2021, 04:23:12 AM
Bitcoin is great to trade because it is a SMOOTH TRADER.
My Long Term Model gave Buy Signal last May 2020 .... went Long all the way UP to this May 2021 - - - HUGE MOVE UP ! ! !  $ $ $ $
Now, May 2021 it gave a Clear + Easy SELL SIGNAL ....to make money on the downside ... so far another HUGE MOVE DOWN  $ $ $
The key to successful Bitcoin Trading is to design it to be smooth enough to stay in, but fast enough to catch the turns - you don't want to be caught on the WRONG SIDE ....... be careful ! ! !
Here's to successful and profitable Bitcoin Trading ! ! !
I somehow understand that you are taking about some bot or signal group to trade bitcoin.

Bitcoin is not a smooth one to trade with for any level of experienced trader and even in strong bullish times. So, what exactly provided you buy signal by last year May month itself?

Moreover, you did not mention about your current open position. Are you still into shorting of bitcoin or already entered into long and waiting for December month to book and go shorting again? You must need to include information on your current opening as well.

My signals provided me buy signal by the times of 2015 January when bitcoin was trading below $200 and it did not give me any signal to book profits till today hence I am still into my old long positions Cheesy.
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