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4041  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.
4042  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.
4043  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.
4044  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.
4045  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.
4046  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.
4047  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.
4048  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.
4049  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: June 25, 2021, 09:34:33 PM
If Manchester is willing to do that why would they pay 150 million pounds for Kane instead of 75 million EUR for Haaland? Kane is very strong, no doubt about that but Haaland is five or six years younger and at least equally strong. I think 150 million pounds for Kane is a bit too high, don't you guys agree? Given what the price levels have turned into in recent years, I would see him more in the 120 - 130 million range at maximum.
Because haaland is not 75 million? Dortmund wants 100 million more than that for Haaland, latest is 174 million if I am not wrong. Believe me if Haaland was 75 million euro, I would find 10 banks to work with me and create a club and buy him right now, literally create a club from nothing, or buy out a club, and buy haaland for 75 million because you can sell him for 150 million the next day.

Chelsea has been offering 150 million for Haaland for a month, there is no official response to decline but Dortmund is basically saying anyone that pays 174 will get him. Kane is cheaper in that regard. However 150 million for Kane is a lot more than he should be given, not because he is not worth it, but he is not that young anymore, you give him 150 million and you may never get to sell him again so you are stuck with him, I would say 100 million is a lot understandable for that reason.
4050  Economy / Economics / Re: Alternatives to centralized currencies, alternatives to decentralized currencies on: June 25, 2021, 08:16:55 PM
I guess central currencies were never aiming to create something great, or something perfect. They were created so that it would be central and it would give a sense of ownership, barter couldn't continue forever. Long story short we do not use Dollar because it is the greatest thing ever, we use it because we have to, and there is no other option. Sure now we have bitcoin but it is still in its infancy compared to dollar.

I still believe that we are better with gold coins but that is not going to cut it anymore, we printed way too many dollars and other fiat currencies to go back to gold and silver coins, yet they made the most sense. Long story short we are not going to end up with crypto as our central currency, and fiat is only there because we have no other choice to go with right now, that is the only way to go forward from now on and that's it.
4051  Economy / Economics / Re: Crypto Central Banks on: June 25, 2021, 07:40:31 PM
There is no future where there is a crypto central bank, crypto is decentralized and that will stay that way. All the ETH is doing is accepted by the public, sure Vitalik could be wanting to move it a direction but if the public doesn't want it then they could very well ignore it.

All that eip 1559 and eth 2.0 where miners will be hurt got a huge amount of disagreement from the miner community, which didn't change the result because everyone else who paid a shit ton of gas fee ignored them, but it got some complaints at least. BNB on the other hand is a centralized currency, they have that BSC which is decentralized, CZ is not doing anything to change that for now but he can anytime he wants, he rules over the whole blockchain with his validators. Long story short these are not proofs of central bank, it is proof of central currency.
4052  Economy / Speculation / Re: Will China's crackdown on Bitcoin cause Bitcoin to become worthless? on: June 25, 2021, 06:58:11 PM
It may be like that initially, people are only worrying and assume that China's policy is the main influence. However Bitcoin is a form of economic revolution desired by many people, China must really make something new more innovative and can change the attraction.

China can only ban but it can't stop. In the end Bitcoin enthusiasts will get used to it without China's role.
They are not really after getting the attention, they just do not want anything they can't control at the hands of their people and that's it. I do not care if there are anyone who would be supporting China, I really do not care, but the reality is that china is ruled with dictatorship, last time people wanted to fairly elect others the nations soldiers killed people, it is still remembered to this day.

Long story short people should not really be hoping China to get back in to crypto world, we have heard maybe 10+ times so far that "china bans bitcoin" so far, most of the time they "ban" it and others still keep doing it in secret, but the reality is that china will NEVER support bitcoin and crypto fully, why? Because, it is decentralized and they hate things that are not centralized, hell Chinese government actually owns 50% all companies there, that is how their nation work.
4053  Other / Archival / Re: Where is the bottom and what's next? on: June 25, 2021, 06:11:53 PM
yesterday's bitcoin price touched the bottom price at $28k after the strong support $30k breakdown,
and now the price bounced from $28k, but I don't know I really have to be careful if $30k breaks down again,
because it might go to $25k, put the stop lose and dont greedy, i dont know the bottom next, $25k? or we go down again.
Oh wow! It really did hit 28k, I was probably asleep back when that happened and didn't see it, I have always seen it above 30k at all times! Thank god I wasn't awake, I may have ended up selling when I see a flash crash like that, I usually hold as long as possible, years if I can, but I hate flash crashes with a burning fire. 30k seems like the place to be right now, that bottom is barely ever broken and the only time it did get broken and dropped low, it happened to actually bounce back up so quickly that I didn't even see it happening.

I do not know what to think about the market but we have seen it go above 40k as well 41k was broken literally this month and we still failed to go higher, so that means 30 to 40 is still the range and I do not think that it is going to change anytime soon, even if we go below 30 or above 40 it is going to go back between them.
4054  Economy / Speculation / Re: Bitcoin volatility history 2012-2021 on: June 25, 2021, 05:34:42 PM
That's how it works? I mean you have it go down, then go up and then go down and go up. It is on the down now, which means another up will come and we do not know when that will happen but it will happen for sure. So what is next after that? Another down! Shocking I know. We do not know when bitcoin will go down or up, we do not know how much it will do it, but we know the directions, that is just how it has been in everything it is always up and down and up and down and keeps going.

This is not the secret and it is not something people need to learn about. What is the big thing is to learn when it will go up/down and how much it will go up/down because that decides on how much a trader can make money. I do not like to guess and I am not good at it so I end up just holding but I think even I do know when to buy, and it is about right now because it is looking good.
4055  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make your HODL or dump decisions? on: June 25, 2021, 08:11:05 AM
whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?
Nothing new than what I have been watching since last 5 to 6 years in this altcoins space.

What are the proof that whales/people outside the team bought in presale? It is an old tactics that all dev teams incorporate to lure naive investors.

Why those whales got impatient? It means they lost their confident against that project? If so, then what would be the point of continuing your holding?

All the teams are always promising about developing real world utility and long term progress to solve the pre-sale contributor's questions and then those contributors will start waiting which may last infinitely or until exchanges delisting that coin/token. This is a cycle of event and keep happening at same methodology but only project names keep differ.
4056  Alternate cryptocurrencies / Altcoin Discussion / Re: did I make mistake? on: June 25, 2021, 06:43:04 AM
Right now Ethereum is on $1900 - $2000 and OP only asked for $1100-$1400 and those prices were already surpassed by the market and he's up with a profit if he's still holding and more if he had sold at the peak $4k.
That must be the advantage of holding for long period and investing only in highly reputed coins. But unfortunately people are right now doing two different kinds of mistakes which are investing into new and unknown coins and then rushing toward booking profits even they have invested into reputed coins. The second cases mostly applicable for the coins like dogecoins and for the first case there might be lots of example everywhere.

To avoid mistakes there are lots of practical approaches are being suggested at every part of this forum but only very few people are following them. My simple advice for everyone to avoid future mistakes, just stick within bitcoin investments but with long-term plans then you never need to worry about the volatile nature of this crypto space.
4057  Alternate cryptocurrencies / Altcoin Discussion / Re: How To Get Our Token Listed- Step by Step on: June 24, 2021, 08:58:05 PM
I would say that it is like any other thing, getting listed depends on the popularity of the project. If you are really good at what you are doing then you are going to be listed, if you suck then you are not going to be listed that's it. There are coins and tokens who have tens of thousands even over hundred thousand followers on twitter and have over 100k on telegram as well, those are the places that gets love and they are listed, they are liked by the community and gets accepted and do what they want wherever they want.

On contrary when we are talking about a place with just few hundred telegram users and few hundred twitter followers then they are not really accepted or even heard so how could they get listed when nobody cares? This is not to say go out there and buy followers, that is not really the right way, you need organic because you can have a million followers but if they are fake then it would not help you.
4058  Economy / Economics / Re: Founders of South African Bitcoin exchange disappear after $3.6 billion 'hack' on: June 24, 2021, 08:24:09 PM
A 17-year old was allowed to run a multi-billion business? Is this even legal in South Africa? Here in India it is not legally possible. You need to be at least 18 years old to own a private business. And I am even more surprised with the carelessness from the users. They were keeping billions of USD worth of coins in an exchange which is run by a 17-year old? BTW why these two are missing? That makes me suspicious. What if this is an inside job? BTW, the promoters look much older in this photo. Difficult to believe that one of them is 17 years old.
I can easily say that there are way too many people in the world who do not check who is the owner. I mean yeah surely we all know CZ and Binance, but who is the owner of Coinbase? Who is the owner of Huobi? Who is the owner of Kucoin? Who is the owner of Poloniex? I can go on and list them all and have to say that I have no idea who the owners are, and I frankly do not care neither.

I can know if it is 17 years old or 70 years old and that is always the same, it is about the trust building and if a place builds a trust then they deserve my money. Look at binance, they had so many bad things happen, constant hacking attempts and many other things, and in the end they are doing fine. Which is why I believe it is really not a big deal that he was a kid, hell in a crypto type of business where most of us are on the younger side (people under 40 care for crypto, not people over 40) it is even a good sign. However they weren't trustworthy and that has nothing to do with age.
4059  Economy / Economics / Re: Antivirus Pioneer John McAfee Commits Suicide on: June 24, 2021, 07:14:02 PM
It was a long time coming. I do believe that it may or may not be a suicide but this guy had his demons, it is really not something I would be shocked to learn if it was definitely suicide. He also had others thorn up his place and look for stuff, he even had assassination attempts on his life so I wouldn't be shocked if it wasn't suicide as well, either seem like a possibility. At the end of the day dude is gone and it is really a shame that it ended this way.

I didn't like the guy and first time hear about him was on ICO period and I disliked him because he was promoting shitcoins for money, all of his possessions were taken so he used his name as an influencer and I get it, I would do the same if I was offered money when I had none.

However just because I can understand, doesn't mean I agree and he hurt many people in crypto community, yet that still doesn't mean he deserved an end like this.
4060  Economy / Economics / Re: Real Inflation only happens when Central Banks print High Denominated Notes? on: June 24, 2021, 05:24:38 PM
What we are missing out on this is that if you own an asset you are getting richer, whereas if you own fiat or working for fiat then you are getting poorer no matter how much you are making, because you are now poorer compared to your old self even if you are not technically poor. Stock market is not the solution, it's assets, if you own something that is not tied to fiat, and it is something valuable all of its own then you are going to be rich.

It is all the Robert Kiyasaki I have been watching talking right now but he is right, and crypto is not a bad solution neither, just like gold, and house or business or stuff like that which you can own. Getting a loan is a bad thing if you are doing it short term and have no income, buying a house to live in with loan is not easy for example, but getting a loan to earn more instead and getting a waaaay long term, like 25 year term loan that helps you profit? That is the way to become a rich person.
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