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4601  Economy / Speculation / Re: Buy, sell, HODL? on: January 25, 2021, 06:59:17 PM
I think what most people are expecting right now is a repeat of 2017. At first Bitcoin topped ATH at $20K, then next month ETH topped at $1400. And later on alts went crazy and topped, and then later on everything crashed.

It seems we are at Stage 2 at the moment where BTC might of topped and ETH is pumping.

You're fast forwarding through the entire 2017 bubble. You left out the whole ICO craze of Q1-Q2. After that, the Segwit/Bitcoin Cash situation was resolved and all attention flooded back into BTC during Q3-Q4. Then ETH, XRP and others (just like in 2013) had their final short-lived orgasm in January.

Remember, BTC broke above the 2013 ATH in January 2017. The bubble popped in December, or January 2018 depending how you define it.

By comparison, BTC just broke above its 2017 ATH last month. You seriously think the bubble popped already? No way.....
2017 summer was the bitcoin cash and segwit situation, the sad part is we are in a situation where even though we have segwit we still pay a lot of fee and we are still sending in 30 minutes to 1 hour. So there is a bit of difference right now, which means we need to first figure that out, by this logic we are going to move to lightning network or something like that to make sure bitcoin is faster and cheaper again.

Look at it this way, we were much worse than this without segwit and paid the same amount of money and same time frame to send, now we have segwit and still the same problem, this means THAT much people joined the crypto revolution since those days and we have much much more transactions nowadays. If we can go over that, we can go over to the real all time high just like the segwith-bch afterwards in bitcoin, but if we fail this, all of that suddenly becomes unimportant.
4602  Economy / Speculation / Re: FUDS are big Confirmations that were in a Bull Market!!!!!! on: January 25, 2021, 08:58:10 AM
The Tether fud, especially what I read on Crypto Twitter really seems to be getting out of hand. Same with any Crypto/Bitcoin related Reddit groups. Many new users are basically posting alot of negative things about tether and they seem completely new to crypto which makes it hard to believe.

I understand someone from 2014-2015 who dealt with the Bitfinex hack and all that Tether fud that the "Bitfinex'd User on Twitter" is saying bad things about tether. However these people that post tether fud on these groups and twitter are completely new to crypto and they are talking like some experts. Maybe its some bots to get people to sell their BTC.

People want tether fud to be real so they can buy BTC cheaper. I am assuming many of these users sold BTC below $20K and they want to buy it back before it hits something like $100K.
Tether fud is not really something unexpected if you ask me because it has been boiling over for a whole year. In 2020 Tether printed it out 10+ billion dollars worth of tether and sold it to the market and price of bitcoin increased, because there were other things of course and not because of tether only but that was a huge part of it as well.

Nowadays everyone says where is this 20+ billion dollars? Everyone feels like the market is cornered by some company and they are buying every bitcoin out there, what stops them from printing more and more and more to buy more and more bitcoins? They are giving you something that doesn't exist, it is USDT which only means money if you can sell it back to Tether, and you are giving bitcoin which is accepted all over the world.

All these lawsuits and so forth that happened recently became just the tipping point and nothing more. Tether has been bothering people for a whole year, not just because what happened recently.
4603  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 99% of CryptoCurrency Investors fail because they havent understood Crypto on: January 24, 2021, 06:04:57 PM
I believe that is what you should do if you want to get rich with high risk, that is the only way. I mean there is nothing wrong with putting your money into bitcoin and ethereum type of huge big coins and hoping that you will make a decent profit from it, sure you won't be making 50 into 50k but you would at least make some profit with it if you keep investing into it.

However if you want to turn 50 into 50k, you could simply try it 1000 times and if you are right just once you will be breaking even, so yeah investing into small stuff is not a bad idea neither if you have the funds to do so.

I knew a guy who invested into EVERY ICO he could find, it was his thing and he had a whole website about it that tracked the situation, he lost sooooo much money but he had like 3-4 right ones that covered everything, and all the other smaller tinier wins made it profitable. I am not saying do this, all I am saying is if you have a lot of money and want to risk it all away, it is a method people do. Only if you are rich enough though.
4604  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When Bitcoin dominance falls Isn't it common for altcoins to rise? on: January 24, 2021, 05:19:27 PM
No no, that is not a "must". Could it happen? Of course it could happen, but think of a world where bitcoin goes down 10% but alts go down 20%, isn't that possible? That means in a world where alts go down a lot more, the domination level of bitcoin will be the same, that is why I do not worry about whats going on.

I personally believe that we are going to end up with a lot better domination soon with alts going up and btc going down, but that is due to bitcoin failing to go higher while alts have no trouble with it. If you put the same amount of money you put into bitcoin to make it go from 10k to 40k, but instead put it on ethereum? It would have been over 5k today, start of 2020 was around 150 bucks, so it would have gone a lot more times and profited you a lot more money. So long story short, smart money will start to move into altcoins very soon to make a lot more profit.
4605  Economy / Economics / Re: Biden’s Treasury Secretary pick - Cryptos Used Mainly for Illicit Financing on: January 24, 2021, 04:04:31 PM
This is not a preparation for banning bitcoin or anything like that, it would be very very difficult to ban bitcoin at this stage, american companies have over half a million bitcoins, tens of billions of dollars in bitcoin, if they do that, that money will go to other nations regular citizens and that is not something USA would want, no matter what is the case is about.

So, what this is about is the fact that they want to make sure they can follow your crypto, who owns how much and all, and they are going to make harsher regulations. That women probably didn't know about bitcoin at all until someone flashed "buy bitcoin" behind her, and bitcoin made like 5x return since that moment, so I do not know why she thinks it has anything to do with illicit financing when it is obvious that it is a profitable investment. However harsher regulations will probably happen.
4606  Economy / Economics / Re: Is Bitcoin viable? on: January 24, 2021, 01:33:45 PM
It is a supply and demand math. If miners feel that mining profit is very low, some of them might quit doing that until the profit is affordable for miners to keep up with.

Moreover, bitcoin prices seem to increase every four years, and even though bitcoin rewards can be halved, with a good resource of mining equipment, you can have a stable income with it. In China, there are likely more than 100 bitcoin mining farms, including bitmain. Sounds like a fascinating industry,right?
It is also about the new tech as well, miners who have the most elite equipment with very low electricity (and even maybe free) could make a profit from bitcoin very very easily even on the most bottom prices, while people who have very old equipment and high electricity can't make a profit even at 40k per bitcoin prices.

I know some people who stopped their GPU mining very recently because they weren't making a profit, can you imagine not making a profit during this period? Dude said he had been mining for three years and his machines broke down too frequently to make it worthwhile, I suppose he didn't took care of them very well but in the end if you are not good at it, you will lose and if you are spending for the latest tech and take care of it and smart investment, you could make a lot of profit. It is all about your situation and if it is profitable or not.
4607  Economy / Speculation / Re: Alert: Get ready to deal with FUDS about Bitcoin on: January 24, 2021, 10:17:52 AM
Unfortunately bitcoin has dealt with FUDS all course of its existence, there were people who called bitcoin a bubble while it was going towards 41k as well, we are talking about like a 8x increase in a year and yet for some reason people talked about how it was a bubble. The bottom of this year was around 3.8k or so if I am not wrong, I know it was under 4k but not sure about how much, let's assume that the bottom was 4k, we know the peak was 41k as well but let's say it was 40k, that is 10x increase in a single year.

What else can give you 10x return in a year? Yet for some reason some people did FUD for sooo long even while we were going up 10x as well. In any case, bitcoin may fall, that is normal, things that go up eventually go down and that is fine, we are just looking for something much simpler these days which is long term projection of bitcoin, doesn't matter if it falls today or not, that is understandable.
4608  Economy / Speculation / Re: Is it just the starting of fueling Bitcoin for riding to moon? on: January 24, 2021, 08:51:05 AM
Institutional investors are getting into Bitcoin now and have been for a few months now
and will continue the trend at whatever value Bitcoin is at because when Bitcoin reaches a
$300k or $500k value nobody will be complaining that they bought at $55k rather than $35k

Institutional investors are not going to be selling next year or the next 5 years, what is the
alternative to Bitcoin for storing their wealth.

I was happy with the recent dip, I was able to buy with the last $30 I had on an exchange.

I will be buying more when FIAT is available for me - always
Warren Buffet has been keeping his coca cola and Gillette stocks for probably 600 years now, those are the type of people these are. When a huge company like JP Morgan or whatever buys stocks? They end up keeping it for years, why leave that much cash and profits aside? At the end of the day we are talking about these type of corporations here and they are going to definitely leave crypto in their vaults and just keep it there, it would be a horrific thing if they get hacked, that would be very very scary, but aside from that we are talking about nothing that can change the situation we have in our hands.

It is something that is valuable to remove crypto from the market, if you do remove that much bitcoin from the market (and they keep doing it) eventually there will be less and less and that would make bitcoin more scarce and valuable.
4609  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: January 22, 2021, 08:06:55 AM
I believe people are underestimating the quality of Ozil and that is why he went to Fenerbahce. Do not get me wrong he is still getting 7.5 million euro so he didn't suddenly went to a lower level team to play for chump change, this is the team that fights for a title after so many years but second most championship in a decent level league that has a champions league route, so he is still fine.

However I believe he is still at that level where he could have played for a champions league or Europa level of team in one of the five major leagues, premier league was one obviously, or La Liga, Bundesliga, Serie A or Ligue one because he was good enough to be in those major leagues and maybe yeah not the top team but he could be a decent starter for the top 10 teams of those leagues easily. No idea why nobody picked him up and he had to go somewhere else.
4610  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: January 22, 2021, 03:35:36 AM
I have already decided and played on my games, all multi, with a decent odd total. PSG obviously because... well you know PSG, Lens because they are playing Nice and they do not look that alright this season, Lens should be winning easily, Monaco because I believe they have the momentum on their side as well, Lille because they are having a marvelous season and lastly Lyon as well.

These 5 games should be probably easy ones this week, I am not saying I will be right on all of them and even one of them would make me lose but I believe they are all possible and there is good odds on them as well. These gives me 15.67 odds and biggest one is Lille, which I understand but I believe they are going to win for sure. With this kind of return at 15+ odds I just couldn't say I am not going to play, on a risk and reward scale the reward was too high to pass up.
4611  Economy / Trading Discussion / Re: Bank withholding funds? on: January 21, 2021, 05:58:34 PM
You should realize by now that every nation and even banks change from one place to another, you can't get a good answer for yourself from here unless you meet with someone who is from the same nation as you and uses the same bank as you. Even in that situation you would have to realize that what happened with their account may not be the same for your account.

I worked with a person who was selling fair products, like dodgem cars and all, huge stuff, he built entire funfairs from scratch and took it to where it needs to be, and most of the time he got foreign currency for it. Banks were so careful about him that at one point he got asked additional documents even after 20k euro, when it was like few million euroes that made sense but when it was 20k he realized it wasn't just about amount anymore, it was about how he was followed after that point on forward.
4612  Economy / Trading Discussion / Re: Percentage between limit price and stop price in stop loss on: January 21, 2021, 05:13:48 PM
I would assume that 10% should be fine, but this is more about the situation and not a general blanket number can be used for everywhere. I personally believe that the best way to go with this would be to actually check where you are at that time and change that number according to what you want.

I would say 10% on 32k to 33.6k would be fine, that is not really that bad, however when we were at 20k for example, that would have been not decent, I would say a bit lower could have been better, or when we were at 34k for the first time, 20% would have been better. So basically what number you will have to pick would need to be depending on the situation and if you picked the right number you would make a good profit, best part is that if you do not pick the right number it would still be decent as long as it goes on the right directions.
4613  Economy / Speculation / Re: Bitcoin will reach 100K! OK and then? on: January 21, 2021, 04:07:38 PM
Nothing stops it from becoming a more valuable asset and cryptocurrency in the future. The fluctuations that we see around, we're used to it and it's part of itself being a valuable king of cryptocurrencies.

The goal of it is being served but at the same time, it's also showing another purpose that we're enjoying as an asset.
There are few things that does "stop" it from becoming more valuable. Obviously it doesn't technically stop it because bitcoin could be 100k and even more and there is technically no reason, but there are few logical reasons that may cause it to not reach there for a while longer.

One of them is the amount required, we had 15+ billion dollars just from few companies all bought bitcoin and holding and haven't sold in order to reach to 40k dollars, that means we would need even more, probably at least 30-40 billion dollars of money all buying bitcoin and holding without selling in order to reach to 100k, maybe even 50 billion dollars.

Now nobody can say that will not happen, but we can say that it is unlikely that someone will come out and spend 50 billion dollars on buying bitcoin that easily, it may be something of a stretch. So it is hard, not easy, not impossible neither, but hard.
4614  Economy / Speculation / Re: Best way to sell in 2021 — to buy more on the bear on: January 21, 2021, 09:09:25 AM
I kinda like the idea of buying anything sub-$30k at this point. With the recent price drop from $40k to $30k I thought it would continue to go down back to at least $25k, but boy I was wrong. I still bought @ $32k just to add something on my stash that I have emptied since the price hit $40k. There's no way of telling exactly what price would we be looking at in the coming weeks. Most signals that I have followed anticipated a drop until sub-$20k 2 weeks ago but even those experienced traders failed to read the signals carefully, or interpreted it in such a way that they overshot their predictions by more than a mile.
There are thousands of people who like the idea of buying over 30k as well, that is why it is having hard time dropping under 30k, it went down so many times yet every time it went up once again. The idea that price could fall and you could buy cheap gets away from you when the price actually goes low because many people suddenly start to think that maybe they were wrong and this will go lower and lower so they stay away while others know that cheap bitcoin is cheap bitcoin and there is no way it would go down forever and will eventually go up.

So, if you want to buy, do not hesitate to buy at any price, just make sure that you always have some money aside in order to buy more, do not get involved with all of your money and you will be capable of buying now, and if it goes up you profit, if it goes down more you have money to buy more from cheaper levels.
4615  Economy / Speculation / Re: The price of Bitcoin has exceeded $34,000. Is it still suitable to buy now on: January 21, 2021, 05:53:42 AM
It depends on your target price and time.

It's suitable to buy for most people, but you have to be prepared to wait a long time for it to double again. Most people buy to see at least 50% gains on their investment and won't simply sell at 50 thousand. So if your target is 50 or lower or you can wait 2 or 3 years if it takes that long, by all means buy it.

Just don't go all or nothing like it goes to 100 thousand this year or I'm fucked. In such case you probably are whatever you do.
This is sensible advice, the higher the price of bitcoin becomes the harder it is for it to double its price, buying now means that you are actually making a very long term commitment to remain invested in bitcoin even if the price begins to go down, and unfortunately even if many people believe that they can become long term holders the majority of the people are not able to make that commitment and they lose money in the process because of that mistaken assumption.
Doubling gets harder and harder but the price increases also means bitcoin becomes more mainstream meaning there is more money meaning it is easier to make it go higher as well. Now doubling from 1 dollar to 2 dollar was obviously easy, but since there were only a few people in bitcoin it took a time, it didn't happen the day after bitcoin was created, I do not know when was the first time it became 2 dollars but it was definitely not right after the release.

It wasn't easy to go from 100 dollars to 200 dollars, I was there, it happened very quickly when it happened but it took nearly 4-5 years to reach there as well. All these happened slowly in period but very quickly during the moment, same goes for 40k to 80k as well, we have A LOT more people now, meaning a lot more money, so taking from 40k to 80k will be same amount of period and same amount of moment because it may need more money but we have more money now.
4616  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - Buy in or Bail out? on: January 21, 2021, 04:28:52 AM
It's going back again to the previous position. The bullish trend of bitcoin has been making the whales try to pump XRP but the result will be the same as the price is going down again and again.
People should not try to throw their money into the coins like XRP.
This coin must be bailed out. It's not worth to take the coin that is still being accused by the regulators as investment. It's too risky.

xrp has experienced it repeatedly, it seems like there is no change made by management to change immediately so that xrp development can run. although many do not like it but I try a little of the possibility that is luck. Maybe there are more people who sell management to make wise steps and can change, that's my hope who bought it.
You can't make money without risking things. I wouldn't even consider buying XRP right now, I never owned any and I do not want to have it anymore neither and probably will never have it. However one thing is for sure, right now they are in a bad situation and that means we are going to see a lot more risk going into XRP as well. That means if we are going to end up with this type of situation, price will always be low and stay low.

HOWEVER one thing is reward promising, if Ripple handles this and comes out without any scar, that means they are going to be increasing the price and going in now with the hopes that Ripple will be fine? That is going to be fine and that is going to be the most awesome thing because you are going to be winning. Sure there is a situation where XRP can just stay like this, but if it does get out, you are going to earn a lot.
4617  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum just broke an ATH price on: January 20, 2021, 07:03:09 PM
Technically speaking it didn't really broke the ATH price by the biggest places, in biggest places like binane and coinbase the price peaked at around 1421 and the ATH was 1446 so it wasn't there just yet, with 20 more dollars to go. Basically there were some places that took it higher and we could even consider it broken if we want to but the reality is that price is now down to 1300 levels so it is not really that bad looking at this second.

Surely you could always focus on getting it better, you could assume that since it broke it once, we are going to break again and it will be like the 20k period in bitcoin where we go to 3k for ethereum. I am not saying that will happen but I say I understand people who think that will happen and it may happen. However at the end of the day we are looking into something much bigger than that, we are looking into beating a 3 year bear run, and that is very important.
4618  Economy / Speculation / Re: Strong support with massive volume is developing... on: January 20, 2021, 06:20:52 PM
Simple but good analysis IMHO. $50k isn't that far from where we are today. The fact that it had peaked at $42k, and if there will be another bounce back, it will get close to the target price that you've given.
@iamwithyou, do you plan to sell if bitcoin gets to $50k or close to it?

I am not selling bitcoin no matter what. I have learnt from my past mistakes. I bought at 21000$, may be at 50000$ I will sell 20% but I am not going out.
I agree that this is a good decision, selling right now would be a bad decision because we are not going down right now, we are still doing good. Normally people ask if they should sell without giving numbers so I can't talk about it that much, but since you said that you bought at 21k I can talk about that.

If you have bought at 21k that means until it is 21k you are not going to lose money, which means you could consider that as a place where you could end up still selling. So do this, wait until it goes back to 21k, and sell it there if you have, if the price never reaches there, and goes to 100k+ or something, you could get out and use that money.

Secondly, if you have invested let's say 10k dollars, and your bitcoin worths 30k one day, sell the 10k and keep the 20k and you will be capable of waiting forever because all of that is profit and none of that is your money.
4619  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best DEX's for Trading Alts: Please Recommend on: January 20, 2021, 06:18:17 AM
I would say stay away from uniswap because it is incredibly expensive. I literally have 20 USDT on metamask that I can't send anywhere, right now it is about 5 to 10 dollars to send that money and we are talking about just the money we have to send, it is my money but I can't move it around because it is on erc20 and that is really screwed up. If you use places like uniswap or similar, you are going to spend a lot of money to just move it around.

If you really want DEX that means it has to be on tokens based on a chain, so you have to decide on which tokens you want to trade on, and if you can trade on a decent chain that is fine but it is not easy. I picked BSC because even at the most expensive move its 2 dollars, usually thinks costs under 1 dollars as well, so I am very fine about it. Why would I spend 10 dollars on moving money around when I can do it for 1 dollars?
4620  Economy / Speculation / Re: Strong support with massive volume is developing... on: January 20, 2021, 03:25:33 AM
We have seen time after time again that when there is a safe support or resistance that looks very hard to break, we have done that many times over. What people do not realize is that supports and resistances are for regular days, days when price doesn't move too much, days when it is just realistic and nothing more.

However in reality bitcoin doesn't act like that every single day, there are days when it goes 50% higher, or 20% lower and it doesn't care about any support or resistance on its path at all. What happens however is that these support and resistance lines do help people imagine what could happen with these lines on a regular day so you can just assume unless something major happens those are the lines.
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