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4421  Economy / Economics / Re: Can the average buying of some companies be considered a sign of the bottom? on: March 17, 2021, 08:59:00 AM
I do not agree that every company that bought bitcoin will sell eventually, these are the same wall street companies that keep holding same stocks for decades, Warren Buffet has been holding coca cola for 50 years, maybe even a bit more, he bought geico shares god knows how many years ago. Long story short this is the type of community (wall street) that doesn't sell, they just let it grow and tell their customers the money is there, why would they get scared and sell? This is why I think it is quite obvious that we should be doing fine right now, who would want to disturb that?

I think companies will keep buying and holding and that is why the bottom could be even higher than what OP said, if we crash nobody would care about those prices but I do not think that we will crash, we are doing much better than expected and as long as they keep buying, we will be doing better as well.
4422  Economy / Economics / Re: Dorsey to donate his 1st Tweet benefits to charity on: March 17, 2021, 08:18:16 AM
Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.

These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.
4423  Economy / Economics / Re: Has anyone been keeping up with the gamestop stuff? on: March 16, 2021, 06:29:07 PM
I think it wasn't declared if they provided anything like a loss or a profit, but they did their best to make a profit from it but failed. The reality is that they started shorting since 3 dollars, which means even on the lowest point during this period they made a loss, so it is 100% guaranteed that they made a loss, however we do not know how much, it must be a lot of money considering how much they needed and how much they would have spent to pay those shorts.

There is no guarantee that we can keep this up, which is why there is a chance from the last crash they may have shorted again and made a profit to cover the difference and go back to profit as well, we know for sure that the early shorts were a loss, but we do not know what the current situation for those companies are. At least robinhood is allowing people to do whatever they want to, that is understandable.
4424  Economy / Trading Discussion / Re: Automatic pattern recognition on: March 16, 2021, 05:34:53 PM
I believe your goal is to make your trading process easier, spot entry and exit point easily, and then make decent profits from it?

Using a bot as mentioned above is probably the closest solution to what you're looking for. Most bot use algorithm that technically will spot pattern and then use it to make your trades, even if they don't print a chart or anything like that. As for trading platforms, I don't recall any website like that. Most of the time you'll have to analyze it on your own.
Those trading bots usually do not look for patterns, they usually look for indicators and buy when you want it to buy and sell when you want it to sell, like let's say buy when BB is under 20 and sell when weekly is over 200 and so forth like that. Basically it is something that normal trader that knows how things work would be able to use normally, there is nothing that would make it work for a simple trader that doesn't understand from chart reading or indicators to use, that is why I do not believe that it would work for regular people.

It is not going to be simple for everyone to use it, but it is better than nothing. I still think there is nothing related to patterns because bitcoin doesn't provide any patterns, people think it does but the reality is different, I think every day is a different day in crypto and just because something followed another before doesn't mean same will happen later as well.
4425  Economy / Trading Discussion / Re: Automatic pattern recognition on: March 16, 2021, 09:25:30 AM
Those platforms are not anywhere to be find and most of them actually hurt you more than they help you. There are two types, one type is the one that is legit but most of the time those movements do not mean anything in crypto and you make a move based on that and you end up losing too much money, the other one is scammer directly and you end up losing money directly without even doing anything, not even a chance to make it back.

So long story short, automatic pattern recognition is not something in crypto, there is no patterns in crypto to be honest, there are things that happened in the past, and there is no guarantee that it will happen again, so long story short we end up with losing money if we try to calculate based on patterns. This is why I suggest you to stay away from automatic pattern recognition because there is no patter how could there be automatic versions.
4426  Economy / Trading Discussion / Re: Strategies to trade new listing on top exchange on: March 16, 2021, 08:21:28 AM
If you already have that token from the new project, you can send it to the exchange and sell it right away, especially when the price increase so high. But if you do not have that token, it is better to wait for a while until the price stable, as you said, because, at that moment, that will be too risky if you decide to buy. After all, the price can get a pump or dump from the traders. But I think waiting for a while will be the best strategy to prevent losing the money because of the pump and dump moment.
That's true, I have seen a coin that had only 2000 token airdropped, and the price would go down according to what I believed, because let's face it airdropped ones would be sold right away, but people bought right away and increased the price a lot because there was a lot more requested compared to available, and I have seen zero airdropped tokens that dropped as soon as it started because people either mined or staked or whatever and made some and dumped right away since they made it easily compared to later stages.

So, there is no way of knowing what is going to happen but the smartest decision is to wait when you have none and sell when you have beforehand, that would allow you to make as much profit as you can. I can't guarantee anything that would profit you, anything could happen, but buying right away as soon as it starts could be dangerous.
4427  Economy / Gambling / Re: Stake.com - UFC Official Betting Partner - Play Smarter 🥊 on: March 16, 2021, 06:43:10 AM

Exactly, the VIP section explains it clearly now. I don't think Stake will change the new rule but just shared my personal opinion about inequal bonuses. Maybe, after few years only diamond VIPs will have access to reload..lol

I created this account 4 months ago like this screenshot I need 45% to go platinum
right now I haven't decided whether to continue pursuing platinum or just play it when I like it. Come on stake give us something different from other sites  Undecided


That's a huge achievement, people may not understand how difficult that is, well not difficult but how expensive it is, so I wanted to stop and say that gambling that much in 4 months takes a lot of courage or at least millions of dollars at your side so that if you lose this you do not get upset about it.

Stake will probably do something about this issue, we have been talking about it for pages now and that is why I think they are going to end up doing something about it, I do not know what it will be but they will do something about it for sure. I really hope that people will end up with something beneficial from this, after all it is their right to get more, or at least ask for more, and if stake provides something that would be great for you guys, if they do not, I am sure all these people that gamble a lot can find another place that could provide more.
4428  Economy / Gambling discussion / Re: 2021 NBA Season on: March 14, 2021, 04:03:15 PM
Honestly things are looking more and more ok for Nets but I feel like we need to first see that lethal line up first. Kyrie-Harden-Durant-Blake-Deandre is a lethal line up and if they all play with a well oiled machine type strategy as well, that means there is no team that can beat them, impossible to beat this team at all.

Lakers on the other hand is chasing Lamarcus Aldridge, I do not know if they will be capable of getting him or not, but if they can actually get him, that is going to be amazing team all around as well. Lebron at Small Forward, AD at Power Forward and LMA at Center would mean that Lakers would be one of the best big teams ever, not now but ever. Let’s see what happens, I really want to see a fully healthy finals of Lakers versus Nets, that would be one of the best finals for a long time because it would mean that great players will clash.
4429  Economy / Speculation / Re: Another ATH ( all time high) | Another Milestone | Updated for $60k on: March 14, 2021, 02:50:42 PM
Yess another all time high. Let's go.. Cheesy


I think this 60k is different than any other one, it is seriously doing amazing and it is at a level where people said we can't reach right after a level where people said we are in a bear run. Think about it like just 10 days ago or two weeks ago or something we were at 43k, dropped from 58k to 43k, I understand people being in fear and many of them said that bear has started, many people assumed that just like how it reached from 20k to 3k the price will drop from 58k to very low levels as well.

However that didn't happen, we went higher, and get back to a new all time high, it is seriously as great as it gets because there is no other asset in the world that could recover this fast and to this high. When people expect bitcoin to drop 80%, it instead made ATH, so thats a different new ath, this didn't come after a big bull run, this came after a huge bear run, that's vital.
4430  Economy / Speculation / Re: If Bitcoin will hit $60,000 today, what's next? on: March 14, 2021, 05:25:26 AM
https://twitter.com/AngeloBTC/status/1370679565333319681  I think angelo sharing this helped bitcoin go up a bit more. I get that not many people believe the power of one person but whenever a very influential person writes about bitcoin, it actually moves depending on what they say.

Angelo is a huge huge whale, he is one of the biggest there is, I really can't even tell you how much money he has but he has all the money in the world to just leave all of this and do whatever the hell he wants and he would still be capable of living comfortably, but he still deals with crypto. He wrote this and ever since that moment we broke over ATH and reached over 60k. Just like he says, 100k is possible, by the looks of it people are really interested in that and I think it could work the best for us, I believe we are going to end up seeing 100k this bull run before it ends.
4431  Alternate cryptocurrencies / Speculation (Altcoins) / Re: NEW SCAM SPOTTED on: March 13, 2021, 08:40:39 AM
There is circulated bulk mail going around disguised to be a newsletter from https://www.blockchain.com. The mail is said to notify the receiver to claim a sum of DOGE coin for their usage of https://www.blockchain.com.

Clicking on the link takes you here:- https://login.xn--bockchan-i2a75f.cam/#/login which is a pseudo website of blockchain meant to steal your wallet details and password. Ensure you do not fall for this.

Ensure you check any websites very well to ensure you're logging on to the right website before inputting your login details in order to avoid loss of your accounts to malicious spam messages senders.
It is obvious that anyone who checks what they are doing would be smart enough to know where they are, it could be exactly the same website but you would know from the links of it and phishing of it as well.

I have received a million mails probably from "apple" that was fully fake, all they wanted was for me to connect my apple to their website so that they could buy their own app from store and get money from that, it has been a tactic for years, probably over a decade, and same mail phishing is something that we do for a long time now as well, there is really no way to spot the difference unless you check the link itself.

I am smarter now so instead of actually clicking, I just hover my mouse on it and on the left bottom side it shows where it directs, so I understand that its phishing even before I click the website because you can see it when you face that too many times and gain experience.
4432  Economy / Speculation / Re: BTC/USD Price Analysis - $72,000 will be the first target on: March 13, 2021, 04:20:41 AM
We have seen 58k as high once again, all time high is 58330 and today we have reached as much as 58060 and some places may even reach to ATH prices as well, but of course we can't officially say that number.

However someone hit it right on the head again and dropped the price, breaking an ATH price after a while becomes harder and harder, people end up selling at those levels because they see it as a big resistance point, every ATH has always been like that before and will probably be harder than any other price, it was such an easy task to go back from 43k levels that we dropped to 55k but now going to 60k suddenly becomes harder because we have never been here, one of them is huge and the other is small but that small one has psychological barriers. I think we are going to have a bit of a problem but we will definitely eventually break this ATH as well.
4433  Economy / Trading Discussion / Re: Crypto trading signal work or not? on: March 12, 2021, 05:27:19 PM
I've never been in a paid trading group. But I heard that there are a lot of groups that give a good signal at the start and disappear in the end. That's what made me confident to study on my own and I think I've made it this far. Besides that, actually there are also several trade groups with free signals or just a discussion that I participated in. I only take advantage of the moment from the group if according to the results of the analysis it is appropriate then I will enter if I don't let it go. This means we have to be good at filtering and taking advantage of the moment.
I have been in some and you have missed nothing by not being in one at all. I can tell you that most of them are either fake, or they are giving information that anyone can find anywhere, even youtubers share that daily as well if you follow some trader youtubers, I have seen even stramers who make moves that you can watch for free as well, so all in all nothing special goes around in those groups.

Most of them is like "oh macd is this, so you should sell" or "oh weekly is this so you should buy" and so forth, which never really means that bitcoin will do what they claim it will do, sure it "may" do that, but that doesn't mean that it worths money, I think what they do is not something that worths paying for. I think they should do streaming and if they are right, they would be making the moves themselves, and if they are wrong they lose money as well, at least brings some credibility to it.
4434  Economy / Trading Discussion / Re: Trade + study = great combination on: March 12, 2021, 03:21:13 PM
I agree that studying and trading and doing them both forever is the way to go. You can't just study first and trade later, or you can't just trade and not study, you have to start with studying and trading together and never stop either of them, you have to keep trading both of them to make money. If you study for even 10 years and just stop studying, eventually trading world will move to a different level and leave you aside, that is why you should always keep studying, doesn't matter if you have been trading for 30 years, just keep learning and keep trading so that you are aware of all the newest things in the world of finance and trading.

I personally never really understood trading that well, I study it and do it a bit but I know that the best way for me is to keep buying more and more and hold them all, that way I could make more money and make it easily, otherwise I may end up losing a lot for doing something I do not understand.
4435  Economy / Economics / Re: Bitcoin could win the currency war on: March 12, 2021, 11:37:14 AM
BTC can sit side by side with the currency that will dominate just as how it does today where USD and BTC can be paired. if China's CNY can somehow rise over USD, BTC will still be alongside.  BTC will still not replace any fiat even when there is a dominating power. i don't think there will even be a war if they intend to, they could have done so when China had yet not established an air defense zone in the south China sea.
It is not about regular fight anymore, nations do not go to war with guns anymore honestly, there are few instances of that by USA because they are spending so much money on military and that needs to be emptied somewhere, otherwise it is going to get bigger and bigger and then what? So, they go use it somewhere, basically think of it like USA letting of some steam to relax, they are a bit weird like that and they could attack anyone.

However aside from them everyone talks with their money, as long as nations think they are all dealing fairly, they will not attack anyone, you think China and USA are in a bad relation? Check how much they trade with each other and you will see that it is not like that it is just a political show. But, I agree that bitcoin will be an alternative to any coin, it will not be the main one but it will always be alternative to all of them.
4436  Economy / Economics / Re: Pricing in Dollar - Pricing in Bitcoin on: March 12, 2021, 08:58:41 AM
Most of the country use the dollar value when they are doing a transaction overseas so its nonsense to think about it crashing since by now dollars still the strongest currency, maybe for now their economy are struggling but remember we are talking about USA here and they can easily bounce back once everything is in good state. America have strong economic leaders so maybe we cannot see any of it overcomes especially bitcoin since many wouldn't like to happen especially the banking system.
Most of which country? I do not think that European nations use dollars when they are doing any international business, they have euro and its quite strong, and neither does England neither, their Pound is quite strong as well, I do think that USA uses dollars a lot, and other third world nations does use it, and China uses it as well I think when they are taking money from Americans, but aside from that USD is not strong at all, not like it used to anyway, people try to use other currencies, even bitcoin "grew" faster than dollars if you look at how much it was used and how much it is used now.

That is why I think pricing in bitcoin could be a better idea, after all dollars will not make you more profit but having bitcoin could mean that you could have more money in the long run. That is why picking bitcoin over USD has always been my favorite.
4437  Economy / Economics / Re: Bitcoin and monetary policy on: March 12, 2021, 07:16:12 AM
You could also try this out (assuming you are referring to "Bitcoin Monetary policy") : https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/Bitcoin-the-money-supply. By the way, i'm not sure if such phrase is used  in Bitcoin world for Bitcoin. In my opinion, the online definition of Monetary Policy is not really compatible with the way Bitcoin actually works. 

Maybe you are referring to Bitcoin and its affect on Monetary policy of Nations, you could check this out.https://www.coincenter.org/education/policy-and-regulation/how-do-cryptocurrencies-affect-monetary-policy/ I haven't fully gone through the publication and can't confirm whether the information there is correct.
I understood it as "policies regarding bitcoin in nations", like some nations ban it, some nations allow it, some nations do not have any laws about it at all and just assume laws on per case basis, and some nations regulate it some do not etc etc. Like how a nation makes laws about stuff, and I thought this was about something like that, I do not know maybe I understood it wrong but that is what that seemed like for me and that is what I was looking for.

If it is about something else, OP could come in and write more about it but I feel like these kinds of topics usually end up being researched like crazy right after writing it here, because who would just write something this important and end up not caring about it and just red few answers and be fine with it? He probably researched it after writing here and found what he was looking for.
4438  Other / Beginners & Help / Re: Reminder for crypto newbies, traders. Be cautious with new exchanges on: March 11, 2021, 05:46:36 PM
Exchanges are definitely one of the riskiest places to lose all your money, after all they could take millions of dollars easily and run with it, it is easier than any other place on earth. I believe there is no reason to get away from big places, using binance, coinbase, kucoin and so forth would yield no problem, or at least it would be harder for those places to face any problems compared to these small level places.

I am not talking about this example but normally small exchanges could be easier to hack as well and that is why even if they are decent places with no scamming intention, they could still end up losing all their coins from one hack and they would have to close, that is the saddest part because they are still legit and they made no money but because of some hackers they are seen as scammers, that does happen time to time to some people.
4439  Economy / Trading Discussion / Re: Never Be in a hurry on: March 11, 2021, 02:06:49 PM
when people thought that crypto investment is easy, then again. It will involved a lot of mental toughness and cycles of boom and bust. So if you are a person who doesn't have the patience, then crypto trading or investing might not suit you.
That's the point, if you really get emotional when trading, you are going to make mistakes, and if you are in a hurry, you are losing money and that's why I think it is quite obvious that hurrying and emotional trading are the same things and we should not be doing any of that. We could try to make one of the work better than the other, but that doesn't change the fact that just because you are not hurrying doesn't mean you are not emotional or just because you are not emotional will not mean you are hurrying, hence most of the time they are the same thing, but rarely they are different and you should still be careful about both of them.

If people get into crypto thinking they can make easy money here, and end up losing money, that is sort of deserved, who gives anyone free money? We were here for years dealing with these prices before we made any profit, sure we made a lot of profit but nobody can say that we did that easily, we had to deal with so many ups and downs for that.
4440  Economy / Trading Discussion / Re: Caution: Don't get carried away by social media vibes while trading on: March 10, 2021, 06:18:09 PM
If it is possible to control one's emotions then it will be possible to deal with the situation. You need to know the updated information about where the market is going and how it is being managed you have to try to understand the market from your own experience by relying on others social media started as an alternative genre but as it is evolving as an alternative medium here is given both good and bad information. You need to gain knowledge from good information most of the information is now available on social media.
It is not about controlling emotions, after a while you stop feeling anything when you see stuff like this. Like let's say that you see some social media trends, I have seen AVAX for example trending at the top yesterday, what happened? It was decent but didn't really skyrocketed anywhere and I kinda knew that already, I know that nothing big would happen.

There is this huge hype population that keeps pumping each other up, some people write about something and then others join and it grows bigger and bigger constantly, and that is why people think that it should go up, they believe that since there is thousands upon thousands of tweets about a coin that coin should go up, but you have to buy a lot of it to make it go up, hence that is why there is really nothing that would matter, in the end we are going to see those same people complain about "unfair" situations since "everyone" likes that coin from what they see from the tweets but the price is around the same.
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