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4461  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your opinion on stable coins? on: April 26, 2020, 08:48:55 AM
That much money can't be sustained, eventually there will be a moment when the market will be filled with too much stable coins and eventually people will stop buying them, when they stop buying them the companies that print them will have to cover the difference and these companies are all shady crooks so eventually they will definitely bail out and when they do that even at a small scale, it will snowball into something huge.

If it was just couple hundred million dollars per quarter I would have understand but we are talking about almost 2 billion dollars in the last quarter, and most of it went to those companies who print it (mainly tether) and these people basically gave us something worthless and took our billions from us, and we allowed them to do that.
4462  Alternate cryptocurrencies / Altcoin Discussion / Re: Cartesi is now listed in Binance on: April 26, 2020, 08:09:03 AM
Well, not all projects can be listed on Binance is one side of the coin, sure it shows that Cartesi is a good project and it will probably do alright in the long term as well, nothing CZ supports really dies that easily, and the community behind it showed how much they are supporting it as well.

However just because Cartesi was a good project and got listed doesn't mean that other coins who gets declined for an IEO at binance isn't equal them being bad, CZ maybe dislikes it but that doesn't mean its bad, there could be some great coins out there who does IEO without binance and still succeed as well. Long story short, cartesi is good and binance supporting them is good as well but Cartesi was good even before binance got in the way, so they are not just good because of binance deal.
4463  Economy / Economics / Re: Net worths if Bitcoin reaches $100,000 on: April 25, 2020, 06:36:36 PM
When it reaches 100k, it will take a lot of money to keep it there as well, think of the people who sold 34k bitcoins (the mt.gox trustee) think about what would happen if someone did something like that when price is 100k, that would mean we would have to buy 3.5 billion dollars worth of bitcoin just to keep the price there, compared to right now just 240 million dollars, there is a 3.25 billion dollars difference between keeping the prices like that when a big sale happens.

If you think that when price goes up there won't be a huge sale, you are kidding yourself, there is no way people would keep on buying without any of the big sales, it happens even today with these prices, so it will happen a lot more when price reaches to that point, and I do not see us spending that much to keep the price high.
4464  Economy / Economics / Re: The pandemic outcome on: April 25, 2020, 09:39:18 AM
Crisis is inevitable, hell we do not even need a pandemic at a global scale to actually know that there will be a crisis sometime soon, we know that it would have happened without it anyway, maybe not today, maybe in a few years, but the financial system is so corrupt that there is no world where we do not have crisis ever decade or so.

However this actually allowed us to have a break, the whole world has been working non-stop forever, right now we all took a breather and we are all at home and trying to figure out our next move.

I am very hopeful that after this break, when we all go back, people would actually be smarter, realize that when you are working for someone else, you are not really valuable, you can literally be the CEO and still not valuable because you are not the owner and only the owner can do whatever they want. So, I think many people will want to build their own business and create their unions and so forth to make a big change.
4465  Economy / Economics / Re: The drying oil on: April 25, 2020, 08:50:21 AM
There are companies who uses oil to produce stuff as well, you think the only machine that oil works is cars? There are tons of manufacturing factories that uses oil to power up their machines as well which all are closed down right now and not requiring any oil.

Also, just cars is one thing but we are talking about ships and cargo and planes and so forth, basically many thinks that require oil is all closed down right now, so it is not just your car, we are talking about ALL cars and all trucks and all planes and all ships as well, put the machines on top of that and you have yourself less than 10% of what we were using, which of course means if there is less need for oil, the price of it will go down as well since people who get the oil out can't sell it to people they usually sold to.
4466  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: April 24, 2020, 07:12:28 PM
I would say have some sort of income that you can put into bitcoin, that is a lot more safe version of investing if you do not have money. People who get in with this much little amount do end up losing their money only because they realize the 20% increase in price wouldn't make them rich and it is totally worthless so they end up just risking all of their money to profit something decent that would help them. Since they can't really make all that much money, they end up losing it instead.

However if you do something that would earn you bitcoin instead, or if you could do something that earns you fiat but you can turn into bitcoin, that means you can have a constant stream of investments to bitcoin. Without anything like that, 100 dollars will not change much for you.
4467  Economy / Trading Discussion / Re: Why people run away from trading!!! on: April 24, 2020, 04:09:40 PM
There is also lack of belief as well, this could drive from their previous attempts at bitcoin trading and failing which could cause them to think they will never be good at bitcoin trading and that is why they do not even try it even though maybe their second try could be better, or it could be because they are so stuck at work and what they are doing that they actually convinced themselves that they will live life forever like this until their retirement and only then they will be capable of stopping, so an idea that they could maybe get away from the rat race actually sounds like a crazy scam to them, which I understand if I didn't know bitcoin and someone told me what happened in the last 5 years, I would have called it a scam as well but if you go into it you realize there is nothing like that, it is literally opposite of it.
4468  Economy / Gambling / Re: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds on: April 24, 2020, 02:49:17 PM
Well, Huawei already put it up on top of Everest and I feel like that is saying something, it is said that it could be x10 faster than 4 and that is really cool because 4 wasn't really all that slow neither, the very fast improvements on mobile internet connections happened mostly in the past 10 to 15 years, before that it wasn't really a consideration at all, nowadays it is so important that basically it is a vital point of our lives. Could it affect the speed of the games?

Of course it would but it would be on the client side and not server side, server side is probably using something much better anyway, but the users would be able to connect to it a lot faster thanks to their newly found pace. I however think 5G will be postponed to 2021, with this lockdown and all, it must be have been put on hold for a while.
4469  Economy / Gambling / Re: 🚀 Sportsbet.io - Main Club Partner of Watford FC ⚽ Fun. 🏀 Fast. 🎾 Fair. 🏆 on: April 24, 2020, 11:20:52 AM
What a night! I got a little lucky on the final table when I shipped my JJ and the BB woke up with AA and I catched a miracle J on the turn. Other than that, it was a smooth night. See you next Wednesday guys  Wink.


I definitely would love to be in your shoes, that is a great win! Kudos and congratz, it takes more than just luck to be on the final table let alone being able to actually win the big tourney at the end, sure you might have find some lucky turns and all but that is not the only reason why you have won in the end, it was your skill that brought you there as well.

About the cheaters and so forth, I think no house would really want it neither, think about being known as a place where cheaters are rampant, that wouldn't be good for business at all, so I am sure all the houses are trying to do their best to stop them as well in order to get proper players have fun without worrying about anyone doing anything wrong like starting an alt or try to cheat.
4470  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TOP 20 BEST CRYPTOCURRENCIES TO BUY IN 2020 on: April 24, 2020, 09:20:14 AM
You missed one coin/token lol Grin (Yes you numbers your headline too).

I am not seeing any big efforts spent for making this list of coins/tokens as most of them are newly hyped coins and definitely its future is still a mystery. I am not ready to agree with other than BTC/ETH/ADA/LTC/BNB. Yes in my opinion, you do not need 20 cryptocurrencies but just these 5 are more than enough. If you want you may add waves, wzx and MTC.

The same time just want to confirm here that these coins are highly recommend for long-term holding. It means they may perform well in 2020 or may in 2021 or 2022. In my experience, it's not good to go with timely hype of markets . Because when new coins will be arriving, those hype will switch over.
4471  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1 JAN 2021 BTC WILL HIT 100K$ on: April 23, 2020, 07:59:59 PM
100k looks too high if you ask me, you have to really get a lot better if you see 100k happening and I do not see that much money in the market right now, unfortunately because of corona virus spread there will be a lot less money in the markets and one of those markets that will have less money is bitcoin.

Could it go up and do very well? Surely, in couple weeks time we are going to live to tell the tale of our halving and with this halving we are finally going under a thousand bitcoins per day, that will be huge and it will affect bitcoin a lot, considering bitcoin is around 7.5k right now that is about 7 million dollars less money sold on the markets and 7 million less dollars to keep bitcoin just at the break even point without any sells coming in on top of that.
4472  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The XRP price is headed for $ 0.24 on: April 23, 2020, 06:20:06 PM
I see XRP doing maybe 0.24, that is a realistic approach, I mean just today it peaked at around 0.2 and that is good enough for xrp however doing 0.24 is not really all that impressive neither. Think about it, bitcoin has moved a lot more and lot faster previously, ethereum did it as well, almost all altcoins had a huge up and down during this period when XRP was asleep.

So, for XRP to finally peak at 0.24 wouldn't really change anything, it is still quite low for what it could have been. I still blame the owners of Ripple for that, dudes basically printed as much money as they want and sold it on market to make a profit, as centralized as it gets, even worse than FED and people are still going for this shitcoin, it is literally ranked third so I will never understand why people do it.
4473  Bitcoin / Bitcoin Discussion / Re: Friday the 13th unlucky for Bitcoin too! on: April 23, 2020, 12:52:44 PM
I have seen people bring up issues like this at times. Maybe you’re right or maybe not, but someone once posted about Valentine’s day effect on Bitcoin, and said something about the price going up every Valentine’s day. And from what he posted, I can see that the price usually goes up on every Valentine’s day. So same things seems to be repeating every year, but I don’t think it’s really that.

These might be just some coincidence and does not really mean that the same thing that happened in the past years are repeating itself again now and will also do the same in future. Not true. But there are days or events that are worth taking note of, because they will always have some effect on the market.
4474  Bitcoin / Bitcoin Discussion / Re: we would have been nothing without Bitcoin and Bitcoin forum on: April 23, 2020, 10:17:51 AM
I am not going to lie about this, my life did experience a big change after I discovered Bitcoin.
This happened because I got a job through this cryptocurrency community, and it has been a side income for me.

Though I have a main job that I am into, I work in an office, but the earnings I make from my cryptocurrency job is bigger than what I make from my regular. And right now that the pandemic has caused a lockdown in countries around the world, I haven’t been going to the office and I have not been getting payment from there. The only means I have been able to gain income is through my crypto job, so I keep wondering how it would have been if I didn’t join the cryptocurrency community.
4475  Bitcoin / Bitcoin Discussion / Re: Bitcoin twitter account today asks "If you met satoshi what would you say?" on: April 23, 2020, 09:28:12 AM
Logically, I don’t know who Satoshi Nakamoto is and I don’t even know if he’s the one that’s saying a 'Hello' to me. So the first reply I’m giving to him is to ask who he is. When he then replies that he’s Satoshi Nakamoto, I don’t know if I’m going to believe him lol. Nobody know who Satoshi is and we have not even seen his face. I would tell him to prove that he’s really the one, before I can start to believe whatever he has got to say.

But to answer this question the way it is – let’s say that I already know that he is the real Satoshi Nakamoto, I still don’t think there is any question I would have for him. Asking what he’s going to be doing with the one million BTC in his wallet would be kind of dumb, because I already know that if he should take that money out, the market will crash heavily.
4476  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST ☕SOCIAL➡🔺PLINKO🎲DICE🎰SLOT🔲KENO on: April 21, 2020, 09:09:34 PM
Casinos could still make a loss as well, just because it has a house edge doesn't mean that they will always profit forever and never lose any money, there is a reason why some casinos go bankrupt as well.

If we were talking about unlimited amount of money to cover for all the losses any casino would make a profit in a long enough period however casinos do not have unlimited amount of money neither, most of them start this investment option because of that because thousands of people getting together to bankroll the casino is something quite important for the future profits of it.

However when a casino has limited bankroll, and some whale comes in and plays the max constantly and ends up winning a lot, it sets you back, just as you start to earn small by small like expected, another whale could come in and destroy it, few of these in a row and casino will run out of money to pay before they could actually profit.
Yeah, the real gamblers knows the difference between shady places losing your money and legit places that cost you some money. Bitvest is as legit as it gets and has been around for years and there was just one mishap which is fine and could happen honestly, not a big deal for me because I know in the long run I will recover (and in profit anyway) and will continue to make a profit in the long run as well.

Never played the lottery honestly, I didn't even checked because honestly I thought it was like the lottery in freebitcoin where only handful of people win something, learning that there is a different type of lottery, I will probably get some myself, would you say it was entertaining to play or would you prefer to play something else? That way I could know what I am in for before I begin, I already found a game I really like very recently so I have to put it on the list.
4477  Economy / Trading Discussion / Re: Binance vs Coinbase Pro on: April 21, 2020, 06:52:57 PM
Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?

Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Coinbase Pro offers you to withdraw money to your bank? You might be forgetting but coinbase is an american company and because of that they have a lot of connections with a lot of banks and they could literally withdraw money to their banks whenever they want to.

So, a person who is an american citizen could send money from their bank to coinbase pro and use it to buy bitcoin and trade with it however they want, make it go back to fiat and ask it to their own personal bank account without using anything else, just their bank and coinbase pro. Of course, some people may prefer coinbase pro for some other reason as well but this is by far the biggest reason, they are the biggest local exchange in the whole world, so big that it rivals global altcoin trading places as well.
4478  Economy / Trading Discussion / Re: What can we do to minimise the risk in trading on: April 21, 2020, 06:18:19 PM
Exactly right, I had a friend who got caught up in a SYS pump once for example and dude basically spent all of his money (not the money he put aside, literally ALL his money) to buy SYS and it was such a huge hype and the price was going so high that exchanges literally had to intervene and closed deposits and withdrawals for a while for SYS even though the trading was open, dude just stood there with all of his SYS without being able to deposit it and just watched everything that happened and lost 20% of his money that day, inside one day. Why? Because he thought he was clever enough to get into a coin that was going up in value, well if you are clever enough you find a coin before it goes up, not during, because if you get in during you might be too late to the party.
4479  Economy / Speculation / Re: How will the Halving affect the BTC price? on: April 21, 2020, 12:04:35 PM
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
That was the usual market and that is what was expected this time around if the economic situation was strong but things have changed a lot in the past few months and it is eminent that we will be facing an economic crisis and how the bitcoin market will react to the recession is a big question for every bitcoin investor but if you are looking at the grand scheme of things the market will rise and all you need to do is to hold for a much longer period.
If there were no corona outbreak then we can be sure about bitcoin markets to react the same manner how it has performed on two previous halving. But, we are into deep recession world wide. People may hesitate to invest into anything rather than spending for their living. Because things may cost more than usual and job lays off may happen at every sectors. So, we need to face anything after halving.

If there will be at least a slow down in the spread of corona and if governments restore at least 60% of usual activities then we can sure about bitcoin to perform like before. Because, people may not get many other tradition investment opportunities hence bitcoin may turn as their stopper; this is very much applicable to institutional fund as well.
4480  Economy / Speculation / Re: Currently Bitcoin has a very strong resistance? on: April 21, 2020, 09:37:22 AM
As we have seen the bitcoin prices were failing to sustain above $7300 levels, it is highly expected to test again its nearest resistance levels which are around the levels as per you have mentioned. I do not think $7400/$7500 are that much stronger resistance levels but due to the current slow economic conditions world wide, bitcoin might have been struggled to break them. I guess, more traders might have been waiting to catch anything below $7000 which is exactly happening right now, hence we can expect another rally which may be up to $8000 levels.
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