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Trade deadline will be a bit boring this season as it appears. I wasn't really expecting something this boring, the biggest news is PJ Tucker trade and you can definitely get how unimportant that was by naming it PJ Tucker trade. At the end of the day, we are going to see some changes at the off-season but this season teams are not willing to make big moves just yet.
Plus, this is trade "deadline" so that means teams could have made trades beforehand, look at how Harden was traded to Nets and you will realize that teams could have traded whenever they want and they are not trading so deadline may not be a time where teams would make big moves. I wanted something huge, something that would make the news, something that gets at the top page of the reddit, but apparently nothing like that will happen. In any case, teams are settling in nicely, let's see who will win it this year.
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...What are your thoughts on this, would you try it?..
I think that it is necessary to make such a distinction so that when Elon Musk creates a tweet with negative information about bitcoin, your bot does not open an order to buy BTC. Since if Musk writes that Tesla sold previously purchased bitcoins, I am sure that the price of BTC will begin to decline, and you will suffer a loss in the case of opening a transaction in long. I believe there is a logic behind it, not supporting it but there is a logic behind it. If Elon writes a tweet, he writes good things about it, and that's why it goes up, if he changes his mind you could be in trouble for just one tweet period and then close it, but until then at least you could trade accordingly. I believe this is not a bad idea, not like dude who invested 1.5+ billion dollars of his companies money on bitcoin and start accepting bitcoin will suddenly have a change of heart and start talking negatively about bitcoin, that looks as unlikely as possible. Which is why I think if you could be the first one to get in and wait for it to go up, depending on the situation we could have a decent profit thanks to it. Not like it increases a lot each time, it increased like 3% this time, so it wasn't a big deal, so it is not a trick to get rich. |
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Afaik, when gambling has been used as a mean of making a profit, the player is considered a problem player and is not responsible for his gambling activity. Gambling should only be used as a mean of entertainment even though in practice the player can make a profit. Gambling is not really well treated as a way to make money because the risk is even higher than trading.
Day trading give us better control than gambling. When the asset price drops 20%, we still have at least 80% of the total balance. But gambling can force your emotion to exhaust all of your balance at once out of your desire to win money and cover loss. If it's me then day trading is one of the best than gambling if profit is the variable.
I do agree with that, I have talked about how gambling should not be for profiting but should be for entertainment, but some people unfortunately keep gambling based on hopes of profiting, that seems to be as wrong as it gets. However if you take gambling as a source of fun, you could actually do great, winning is great, friendships are great, watching a game while having a bet on that game makes the game so much more exciting as well, even if you are not fan of either team you would be having super fun if your team wins or sad that other team wins and basically makes everything so much more tasteful. Trading on the other hand is a job, there are people who are hired by companies to trade daily based on the numbers and so forth, that's great and there are people who lose but that doesn't mean that you have to lose, there is no guarantee of that on trading. |
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it is very likely that the current bull run will last at least until the end of the year, so when it comes to the lowest price of the listed altcoins, we have probably seen their lowest levels this year already.
It might not only until the last year but it will probable until next year. The good news can reduce the tension for the bearish trend to happen. Massive adoption will help crypto to stabilize its price after the pump and that is the main point. As long as the market will not get any bad news and it will be stable like this time. Anything can happen in crypto and you must remember a few weeks ago bitcoin dumped to the 40k and this time it's back again to the 60k I feel like we are in a such spot that we are not dropping but we are having hard time going up as well, so one good thing and we could be super high and one bad thing and it could be super bad. For example the topic of this year was "tweets by elon" right? Well by that logic if Elon tweets "we will be putting all our cash reverses into crypto from now on both at tesla and in all my other companies" and at the end of the day bitcoin would be maybe even over 100k by such a huge news, that is tens of billions of dollars a year. However one thing is if he comes up and writes "I started to doubt bitcoin, we are going out" and that would drop bitcoin a lot. We have a potential in our hands, we do not have to drop, we do not have to have a bear run, with just one good news, with one good thing and we are going to actually be doing fine, only thing needed is a hope. |
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I would say that investing right now could be not profitable as much as you think. It could still be a bit profitable, but not as much as the people who made a lot of profit so far. So you should invest into the known coins like others said, that way you will be involved and you could make a profit later on. That is at least one method of how you could profit from it, and if not you could try other altcoins later on if you want to.
It is not going to be simple, but it could be at least a way to learn for you. You have to realize that this is a harsh market, we have so much volatility that even a regular drop scares people very easily and prices drop, I have seen people lose 50%+ in a day and earn 200% next day. This is why you should be always careful about what you are doing, otherwise you are not going to end up profiting if you are careless
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I heard a lot of big companies buying some BTCUSD lately. That is a good thing, dont get me wrong. What I never hear, is anyone selling BTCUSD. If nobody is selling it, why is it falling then?  What I want to say with this post is: there are 2 sides of the Coin. I am sure some of the "I am buying and holding it all to death"-Gurus, are scaming you into buying BTC, so they can sell you their BTCs. Once demand sinks, they will start to accumulate BTC again, silently, probably telling ppl. to "secure some gains here" so they can buy their BTC. That in general is not a bad or evil thing, selling expensive and buying cheap makes sense. Just want to point out, that only rising higher and higher will not work forever and not all the ppl who tell you they bought and hold, will actually hodl, but rather try to make use of you... I am patiently waiting to buy a decent dip. If it doesent come, there is other stuff to buy, stocks and that. With a stock, you dont only own a stock, you physically own a portion of that company. Thats why I do consider stocks to be as safe as BTC, from a "Banks cant take that away from me perspective". I think it is obvious that we are in a situation where we do not have any big players selling, selling is not in their book, these are the same type of people who keep on buying and buying stocks until they own so much that they just can't buy and simple just acquire it. Obviously they can't acquire bitcoin because it is not a company, but I feel like if these huge companies get into bitcoin and keep on buying more and more, eventually they will end up with almost all of it. Who could stop the wall street type of places of the whole world buying 10 million or more bitcoins? That is not impossible, sure it would cost them a lot and bitcoin would be a super high price but they could eventually own that much with the amount of money they have. This is why I am holding and all the drops could happen at any time, I do not care about them because I believe they will buy more and more. |
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Why? Why not call it a correction even if it is 30% drop? Correction is not just an amount of drop, correction is just a term for price going too high for some people and those people getting out and then new people come in or old people who were already invested keep investing some more and increasing the price. So, if the price (inside one month) drop from these prices to 40k and then goes back up, it is still correction. What is not a correction is the fact that price go down and then stay down or keep going down, that would be a crash.
This is why we should know the terms very well, I think 40k could be a crash or it could be a correction, I think 30k could be crash or it could be correction, it all depends on what happens in the next month after that drop and depending on recovery or not we could call it a correction if it manages to go back to 60k levels again.
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All of Bundesliga. I love watching Bundesliga and it is a great league and I like it, but please go ahead and try to put 3 games in a multi and try to win that, in Bundesliga if you do that every week, you will maybe end up winning 3 or 4 times the whole season, probably maybe once. That is why I do not play there at all.
Go ahead and play on Serie A for example, play on Milan, Inter and Juventus to win on the same week, you will win many times, play on Real Madrid and Barcelona to win, you will win many times, there are many leagues like that but when you do it on Bundesliga each team wins on a different week and you barely ever get to win a multi when you combine games. That is why I have deleted all of Bundesliga from my bets, I haven't gambled on them for a while now, and I think I will keep doing that, even when I do not gamble and look at scores I realize I should continue.
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I get that it "can" but just like how the article mentions, that "only" happens if the wealth created by AI is distributed to the people, we all know that is a lie right? Capitalist wealthy billionaires will do everything in their power to use AI to make even more money and give people even less money, it could be another usecase for AI, figure out how to keep people so poor that they can still survive but barely, because that's what rich people want us to be, so poor that we can still purchase stuff from them but not be rich.
We all know that we are going to see people with the first trillion dollar networth in modern times if this happens, well we will see it eventually anyway but AI will make it easier.
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It is a good decision, crypto should not be a thing that gets banned, there is no logical reason to ban crypto, it is not hurting anyone and it is a good productive thing. Crypto should specially be supported in third world nations like Nigera, I know they are bigger than some other African nations but the poverty level is huge there, if they could instead of going with bans and so forth, and end up with teaching people technological skills, they could end up helping the population (or at least new generation) gain skills that could be used online and that would allow them to actually provide some skills that could worth money in other nations.
100 bucks is nothing for an american but a huge amount for a Nigerian, that way they could gain a lot of money and help the nation grow, this current method is not something that would be helping the nation at all, definitely not if they ban it.
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Based on experiences, The way i determine the expected price for a new altcoins are :
1. Read the whitepaper of the Coin
2. Check on the coin's team and developer
3. Make sure to check when will the coin will be release and in what exchange
4. Read the goals of the coin's project and who they will be cooperate with
5. If they have a solid team and goals, then that new coin will be huge in the future.
Except, if you look at most of the new coins right now being listed, especially on Defi (just go and use sushiswap for example and see yourself). 1. No whitepaper. 2. no team and dev or maybe anon. 3. IDOs no exchange listing. 4. No info 5. No info. Yet people still pour money and farm them all. And they go up and up in price for no apparent reason other than to gain more sushi and more cake or whatever. When most do not do it, that is not a problem because now that is the common thing. There is whitepaper in almost all the things I have invested into, it just turned to "documents" because you can find all the things you need in those, not like many were reading it anyway but made it into simpler so that people can understand it simpler. Team exists, not like coins were created out of nothing, they just do not share who they are but like I said if many projects hide it, why would that be a problem. I think new projects that are actually good could cause a big problem for centralized ones, I just think it also has a lot of people who are there to rug pull and that is the problem, finding which one is rug pull and which one is serious. I do not think that we can separate the two when the job is done amazingly, sometimes scammers just work so hard to scam people so you get fooled as well. |
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I think people should check bsc yield farm list and check the upcoming ones, those are ones that passes a series of tests and you can find good ones there, at least those are projects that took things seriously as well.
This is why I think it is quite important that people do not put their money into things that are not white listed, I love SBDO for example, I have done 4x with that so far and I think I am going to stay even longer and make even more money with it, that looks quite possible and definitely something that would worth a lot of money if you ask me, I am just not sure how much it will continue but I know as long as it does, it will profit me.
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Some places may charge more than other places. I know an exchange in our local community that charges 0.001 btc per transaction, yeah that is right 0.001 that is 60 dollars per transaction, I know bitcoin transactions became huge but it is not that huge. That is why you should pick what you are using a lot more carefully, there are people who will use this and make sure to get themselves richer, our exchange is not sending stuff with that kind of money neither, so they are collecting and keeping what they can profit, there is nothing we can do about it.
Thankfully I am not using that exchange but there are still people who end up using that exchange as well. I personally think those high fee places do not really have too much customers, if they had proper customer numbers not only they would drop it, they would even try to make it free because real places make real money.
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To some people, I know that is not profitable for some other people but there are people who can profit from this, that is what I can see from others and not me. I have tried trading and I wasn't good at it, I sometimes do it again when I see a coin dropping too much and I think that coin worths more, not on small coins but the big top 20 coins and those usually go back up after they drop so I get them and sell them when they go up. Those kinds of stuff really do matter a lot in crypto.
However I know people who trade daily and they make a lot of money, I know a guy who made 100+ bitcoin from nearly zero in the past 3-4 years and that kind of stuff really shocks me but they do happen. Which is why I think it is quite obvious that we should be focusing on what we can and we can't do, if you can trade and good at it you should do it but if you can't you should probably stay away.
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It goes in both ways, either you trade with small capital or with big capital it still ball down to the same thing. to accumulate huge profits trading with big capital is at advantage but in the time of lose small capital will not hot you much. What i do is to trade in percentage I don't put all my capital into one trade I reserve some incase my trade ends in an unexpected direction I can easily have fund to start over again.
Not putting all your money in trading is a good idea, that should be something everyone does and will always be that much valuable. Obviously speaking we are not talking about the investments, I do support putting all your savings 100% into crypto, I am talking about trading and per trade, that is something different. The point here is that if you only have 50 bucks, what are you going to do, not like you could put that aside and just trade with small portion of it, the whole thing is small itself, which means you have to trade the whole of it, and you will not be happy about it. Hell even the best possible 10x is still just 500 bucks and not a good enough capital but let's assume it is, you just took the whole bull run and still didn't do much. That is why if you do not have a proper capital you should not start trading and hope for much, first you should "earn" decent capital. |
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A lot of people feel unsure about this project, when a lot of people feel unsure about a project I just end up not investing into it, there is no reason to put money into something that so many people feel so unsure about, what would be the benefit of that?
This is why even if Pi has a potential to be great in the future, I do not plan on buying it, I will not regret if it goes 100x in the future, there are others that could make me that kind of money for sure (if I can find them and invest into them) and that is why I rather invest into something that the community hypes and likes and promotes all together instead of something that some invest with a fear and others do not invest and call it a scam, that doesn't look or sound like a project that would be profitable if you ask me and even if it is profitable I rather not take that huge risk.
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Even though I love BSC and I have invested heavily into many defi projects based on BSC as well, I have to agree that BSC itself is centralized. I do not care that the blockchain I am using is centralized because I care about the project I am investing into is decentralized and all of them are properly decentralized, as in even if the project owner came up and said something people have a right to vote it out and not have it, so that's great.
BNB is centralized currency and BSC is a centralized chain, that was always like that and will always stay like that, this is why we can't really have any trust into the system for good but you can trust it as much as you trust Binance and CZ, they are entities in the end and anything could happen but it is not some small 4 person job from a third world nation neither it is actually a huge company with billions of dollars.
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I think there is no need for one to beat the other in order to be claimed good, both can be good and both can be used, I do agree that uniswap is doing worse right now compared to what it can do all because of eth tx fee but that doesn't change the fact that it is truly a decentralized exchange and it provided a lot stuff for people that didn't existed before. Whereas pancakeswap managed to do the same things but on the binance smart chain and with basically nearly free cost and that is why it looks like it is doing much better.
There is nothing that people should be ashamed of, I think it is quite good that both of them are doing great and if you want to invest you can invest into both of them and make money. I believe they will both go up a lot, and not just a bit, I mean at least 10x will happen very soon as long as they continue to be used like this.
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Better the businesses exist as Decentralized Applications on Cryptocurrency Networks, and create their own tokens for such things.
A cryptocurrency should be the currency of Decentralized Network/System, more like how fiat currencies are to Nations.
That's why I have moved all my money to decentralized ones so far, not the money that I had in other cryptos because I do not like selling, I keep holding coins, but all my money that I invest for the past two months or so and in the future will be going to decentralized projects, that feels a lot more comfortable and weirdly enough they have made me a lot of money as well, if this keeps up 10 more months I will be making more money from decentralized projects than all the money I made in the past 8 years of crypto, that is going to be awesome, don't know how long the bull run will last but I really hope it lasts at least 10 more months for me to actually have a quite good amount of money in the end that could change my life, if this type of life continues for 10 more months I will literally be swimming in profits and would be able to live a much better life. |
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It always works like this. First it is announced that taxes are going to be raised on the rich. Only the rich. Potential revenues are greatly overestimated. Then, faced with the reality that the income was overestimated and that the rich also take measures to avoid paying more, taxes are raised on everyone. That is to say that "the rich" in practice becomes the totality of the population. Well, no. Actually it means only the middle and poor classes, because the really rich have mechanisms to not pay or even leave the country if they want to go to other countries where they are sure to be well off.
It is weird to watch the republicans and right wingers try to make Biden look leftist, it is kind of funny. I am a true progressive, the ones that you call communist (no, I am not a communist, I am a progressive, there is a HUGE difference, I hate communist countries) and Biden is closer to you guys then to me, it is weird to see just because he is a democrat you guys think he is a leftist. Of course taxes will be increased for people who do not work and just make tens of billions of dollars a year, not only that is a good thing, but many republicans wants that as well, taxes higher for them should mean taxes lower for you, that's the point of it, and I think Biden may increase taxes for everyone, rich or poor alike, and that is not something any progressive would want, why would I want a country where even the poor would pay high taxes? What is so socialist about that? I want a nation that taxes people who make 1+ billion dollars at a very very high rate, and people who make under 100k nearly nothing, that is what progressives want. |
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