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4641  Economy / Trading Discussion / Re: Ways to identify the bounce ASAP after a significant correction? on: January 15, 2021, 02:04:35 PM
I would say nobody can guarantee something like that. I know that it will be hard for you to decide on when to sell, but it is really not easy to do by anyone. If there was a method of "this is what you do to know when price will go up" believe me everyone would have used that and make themselves a millionaire, I mean I would just get a 100x long position at the bottom and watch it go up and have 1+ million dollars in like 3 trades correctly guessed like that.

However nobody knows that, we "assume" it which is when the drop stops, if you see price going from 40k to 32k, it doesn't go to 39.9k in a second, for like half a day or so it stays at around 32k, at that point you have to realize it stopped, that could mean it will either go down even more, or it will start going up, at that point I would suggest getting out, best case you get rich, worst case you miss on more profits.
4642  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Avalanche surpass Ethereum? on: January 14, 2021, 05:08:02 PM
Avalanche has a great community and that is what they are trying to build, they have improved their system a lot but more importantly they have gathered so many people who would be interested in the project.

The difference is that many new projects get the attention of people who would like to get rich quick, they just give tokens in exchange of ethereum and they just take all that ethereum and run away and customers get the token and try to sell it and make a profit, that is how almost all the new projects has been. This wasn't like that, they locked so much money away and explained themselves and people listened, now there are soo many people who are interested in the project.

With all of that being said, I still think it is impossible for avax to pass ethereum, it is a cool coin and all, maybe even top 10 one day, but it will never beat ethereum, no way.
4643  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Serious question, what cause the altseason? Human greed or bitcoin whales? on: January 14, 2021, 04:30:16 PM
The real reason why alts go up is because everything else goes up so people invest their money into alts thinking that will go up as well. I am not saying it is guaranteed but when you see everything going up, you want to take part in it by getting into alts and hoping alts will go up too and if you are right it will go up too. Alt season is not something guaranteed, they could very well crash too so people are taking risks when they are doing that.

Plus, when you invest into bitcoin and make it go from 20k to 40k you are really spending insane amount of money, it goes up like 300 billion dollars in value or something as well, whereas if you do the same for ethereum for example, from 500 to 1000, it takes significantly less money and you still win. So people use alts as a quicker way to make money, and they are right to do so, after all many here to get richer.
4644  Economy / Speculation / Re: Price of BTC might go down on: January 14, 2021, 09:44:17 AM
They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
indeed we do not always have to trust the analysts they inform because it could be misleading. but our analysis can also be used as a reference from past experiences.
If in my opinion, seeing from the first and second halving that bitcoin has made, that their% difference can be 17x, then the possibility of $ 100K will easily be done by bitcoin this year.

for me, the most important thing is the improvement of all the top altcoin rankings, let there be a renewable ATH because this will provide a sharp increase for new atcoins that want to grow from projects that are being marketed, let the bounty heyday of 2017 can happen again this year too.
That is the point of analyzing something, you can end up with wrong ideas, but you could at least see what is it saying and you could either use that if you want to and hope that it is right or you could just use that as guideline and that's it.

I personally believe that bitcoin may not be doing that bad in the near future, I mean this week, but the charts do not say that as we all have seen, now did I used charts to decide? No because charts said it should go down but I said it will go up, so where did I used the charts? You could look at charts, and why it says it will go down, and you could look at the past, and see similar charts that said it should go down but the real price went up instead, and use that as an indicator that whenever the charts show it will go down because of X reason the price goes up, and figure out it will go up again this period.
4645  Economy / Speculation / Re: Currently, the price of bitcoin is more than US $34,000. Can we buy this price? on: January 14, 2021, 07:02:53 AM
We are at around 38k right now which shows that if you bought at 34k, you could have profited few thousands already. That is why we should always look at bitcoin as something you should buy, does not matter what price, as long as you can buy bitcoin you should keep buying bitcoin, that is how you get into becoming a lot better in investing. So, we are talking about something that constantly gains value, even if the price goes down, the value always goes up, non-stop, maybe it is overvalued right now, maybe you should wait a bit more but we can't know that, the value is ever growing so it could be even higher right now, whereas price is at the hands of traders and investors so it could be higher or lower than the value.

So I would say you should always put money in, not just now but in general, so that you could end up with a lot of profit later on.
4646  Economy / Gambling discussion / Re: 2021 NBA Season on: January 13, 2021, 05:58:07 PM
Kyrie has always been a player that was a bit... different in the head let's say. It all started the period when he said he thinks earth is flat and everyone should do their research instead of trusting what others say about it. I understand the "do your own research" idea, you should, but not about the earth Cheesy.

It is about round or so and that is enough, nobody even has a reason why they should lie about it neither, it is just irrelevant. At the end of the day he kept it up, and ever since those days he has been psychologically a bit difficult to handle. And these days he is just off rails, he is definitely not doing anything normal right now, all those covid rule breaks and just simple "I am not coming back" type of moves, he straight up just said he is not going to play and that's it.

I wouldn't be shocked if he would never to be a decent and wanted player ever again after this, I see his high earning period as over right now, nobody would pay tens of millions of dollars for a player who will not show up.
4647  Economy / Speculation / Re: Long time lurker, 1st post on: January 13, 2021, 03:58:56 PM
Dude is not lying, he actually joined at 2014 and now 7 years later he is once again here Cheesy. I believe he is sort of right, bitcoin is something that people should hold, and as long as you hold you will make a profit from it eventually. However this creates a problem, if everyone buys and holds, where will the new people find money to buy?

We are at a level where for just 100 billion dollars, or a bit more, huge corporations could buy half of all bitcoin in existence, these are the same companies that have trillions of dollars to invest, it is not their own money it is their customers money but if they did invested into bitcoin they could have more than half of all bitcoin existed all together, which is scary.

Grayscale for example is not even close to JP Morgan type of levels, and I am not talking about multiple big banks here, even JP Morgan alone could buy more than grayscale who has half a million bitcoins. This causes some problems for the future.
4648  Economy / Speculation / Re: INSTITUTIONAL MONEY changes everything !!! How BitCoin gets to 100,000 Next on: January 13, 2021, 12:30:15 PM
I believe as long as wall street keeps pouring money in, the price has to go up, because there is limited amount of bitcoins available in the market so they have to increase the price. Think about it this way, grayscale owns 2.5% of ALL bitcoins that will ever exist, and we allowed them to do that only with 10-15 thousand dollars, hell even at 40 thousand dollars that is not cool because from now on just one place owns 2.5% of all bitcoins there will ever be, and bigger portion of what we have right now.

So I would say if wall street gets in, we need to make it a lot more expensive so that they do not buy even more, at the end a bunch of companies will own 10% of all bitcoins and that would be bad for traders and it would be bad for using bitcoin as currency too, we need to make it work for buying and selling things as well. So I hope they do get in, but I also hope price goes up a lot faster.
4649  Economy / Speculation / Re: Nocoiners desperately trying to say this is the end for Bitcoin on: January 13, 2021, 08:31:34 AM
Basically people who are not in crypto will look at it and the first thing they will say is bitcoin will "end". However what they are forgetting is that, if you got into bitcoin lets say 10 years ago and you are very lucky, and you hold all of that until today, and sold it today and made a ton of money... you still made millions of dollars from bitcoin? So, even if it "ends" which we all know it will never end and will always be better than fiat, a lot of people already made a ton of money from this anyway, including huge corporations like grayscale who just got in 2020 as well not like 10 years ago, but they made ton of money.

Long story short bitcoin ending is a way they try to comfort themselves but they are still wrong, they were never right and they will keep on being wrong forever, which is why I believe it is quite important we do not listen to nocoiners.
4650  Economy / Trading Discussion / Re: How do you day trade with bitcoin these days while it is full of stress? on: January 13, 2021, 06:46:22 AM
I have to say I haven't day traded in a long time, so I am not the greatest person to give advice about something like this. However I have traded on another chaotic period as well, during 2017. Now everyone remembers that period as great, because everything went up and everyone made money, however not many people remember what happened before the peak, before alts made ath, before bitcoin was 20k, they do not remember many things.

For example, I remember alts were going up like crazy during spring, I made about 200% return on alts during spring of 2017, many of them started to go down very fast before the bitcoin cash fork, because everyone went back to bitcoin to get the free money, so a lot of us lost money on alts, and when we reached the 20k period? Alts were nearly dead and then came back to break the all time high price. So, I had a chaotic period too.

All I can say about right now is to be calm, if you try to make too much, you are going to lose too much, just be calm and act like you would any other day.
4651  Alternate cryptocurrencies / Altcoin Discussion / Re: Crash in Trading on: January 13, 2021, 06:08:10 AM
I usually do this using the spread and it allows me to keep inside the profitable zone most of the time. If you think it is going to crash, instead of just selling it all on the market price and get out right away, just put some of it inside the spread, between the sellers and buyers, and it will be bought very quickly, because people think spread is the right place to buy, and that way you are neither crashing the price nor you are not waiting too much neither.

If it is a bad altcoin, even at spread people could undermine your price and sell lower, in that case you are already too late and price is going down, in which case you are not doing that well at all. That is at least what I think it means. So I would suggest trying to put between the spread and wait, you will either sell them or you will see if you are too late anyway for the crash.
4652  Economy / Economics / Re: How to invest in Starlink (Elon Musk)? on: January 12, 2021, 04:45:24 PM
I am not sure if he even needs any money to provide funding for it. I am sure he will probably use his own spaceships to send it to space so it would be cheaper for him which is why I believe it is obvious that people could try to invest into it, but he may not need any funding at all.

When a company gets super huge, people end up selling some portions of it, for either for the company, because they could just end up needing money eventually and sell a portion of the company and use that money to grow the company bigger, or maybe he could make it bigger and sell a portion and take the money into his pocket, you could always sell a portion of your company for your own personal financial benefit as well anytime you want. I believe it would be more like first situation but there is a chance it could be like the second if he can fund it all.
4653  Economy / Economics / Re: Is Bitcoin's price drop to 30K healthy? on: January 12, 2021, 03:59:45 PM
First of all I think it never really reached 30k as a whole, it tested below 32k but bounced back and that was understandable. However people are forgetting that 20% fall is something we have all the time. Look at the price right now, itis over 35k all over again, when this all started it was around 37-38 and not 40, sure it went to 40k but it went down a bit to 38k levels, and I have seen 36k as recover, so that is literally less than 10% fall right now, we are talking about more like 3-4% in the last 48 hours and that's it.

People are overreacting to movements, as long as we are around here, some falls will happen but correction needs to happen in between. If you want to see bitcoin increase in price a lot, you have to also accept the fact that we will see some corrections in between, and as much as %20 is definitely possible and understandable, that is still a correction and not a crash.
4654  Economy / Economics / Re: This last rally Leg has been also bought by retail? on: January 12, 2021, 03:19:40 PM
There is a big difference between retail and institutional and people mistake that. By retail usually what people mean is that "will you be able to go into amazon and buy something with bitcoin" type of stuff, as in people being able to buy things with bitcoin, as in "retail stores" and so forth and that is not the same as institutional investors because those are places like grayscale that buys billions of dollars worth of bitcoin instead.

So, people mistake what it is meant and they argue about the wrong stuff together, normally if you explained it to both of the parties that argue, that they are talking about different things, they would definitely make it a lot better and would figure out. I would say investors are in, all those wealthy ones, and they will keep coming in, but the online retail type of places, places where you can "spend" your bitcoin will not be around for a while.
4655  Economy / Speculation / Re: POLL: What will be the ATH in 2021? on: January 12, 2021, 06:52:02 AM
The price will certainly not go beyond 50k because that would just be ridiculous and bitcoin itself would lose its value and that would not eb something that those running bitcoin would want to happen. Everything always has its limit and so do bitcoin. They always have to take aon overview of everything that revolves around bitcoin and one of the major things that revolve around bitcoin si people. The more people there are the better the bitcoin market is and that is what is really important.  If bitcoin raises its standards then there will not be a level playing field for the bitcoin traders and so the high rise th some people think maybe will never come to be no matter what happens.
Why would 50k be ridiculous? I mean we were at 10 price in September, in 4 months we have become 40k, that is 4 times the increase in just 4 months. People need to realize that nothing is "impossible" in bitcoin because everything is technically possible, but if we are not talking about silly stuff like some crazy people, like "bitcoin will be 1 billion dollars" type of people, then we should look at how realistic it is.

If we managed to go  from 10k to 40k, then 50k is not ridiculous at all, it is quite close and I would say it could very well happen, that is at least what I believe will happen, obviously I could be wrong but I think it is going to be at around these numbers in less than a month. 50K is definitely doable and not only doable but also our next goal as well. Before all the huge increases we had this period, we had a correction then increased, well we had a correction now and I believe increase is next.
4656  Economy / Trading Discussion / Re: Read this before doing any investment on: January 12, 2021, 05:58:00 AM
You have to realize that coins you invest and love so much may not be the things you first imagine it would be, normally you may think that bitcoin could be something decent but in reality we trust bitcoin because it is decentralized, not because bitcoin tech is great. For example ETH is a lot better in tech then bitcoin, but it is not even close in marketcap, why? Because in reality bitcoin is decentralized whereas ETH has Vitalik and all his pals deciding what is going to happen with ETH.

Moreover, 2.0 is something we are all waiting for, and almost everyone wants 2.0 to happen as well, maybe miners wouldn't want it but everyone else would love it. So why would I be against it? Well simply put, I think it is obvious that ETH can be changed by Vitalik if he wants to, which is obvious from 2.0, and I do not like that notion. This is the reason why alts are not like bitcoin.
4657  Economy / Trading Discussion / Re: Does Trading have an advantage over investing?? on: January 11, 2021, 06:38:40 PM
Investing could be a lot better, but we have to take a look at it on periods as well. On day trading you probably make money on a single day than a regular long term investor, but a long term investor could also make a bigger profit in the long term as well.

So, I believe the best case would be working towards a goal, if you have a goal, let's say 1 million dollars, and you want to make a profit enough to never work again, I think the quickest way to reach there would be trading but only if you are very good at it, I remember there was a guy who did futures and turned like 70k into 1 million just this year, so it is definitely a quicker way HOWEVER the best way that is guaranteed and not require skill or time or effort would be putting money in every single month. Get your salary at the first day of the month, put 10% on it to crypto, and do this for 10 years, you will retire 100% guaranteed (hopefully Cheesy).
4658  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you invest in TRC20 tokens on: January 11, 2021, 06:02:38 PM
But I guess that ERC20 is more popular than TRC20 token so that people will choose ERC20 tokens.
There are many tokens using  ERC 20 but with the increase in transaction fees many have migrated to TRC 20 but with the network upgrade the problems with the fees will be sorted and that is what i hope. I used to invest in new projects in the past but once you feel the heat when the market crashes and you loose your money then you will stay away from them until you find some promising project from an established team.
I think the reason why they haven't moved to TRC20 is the ecosystem. For example people are moving to BCS like crazy, binance managed to attract so many new projects and specially places like pancakeswap are making a killing right now, we are talking about hundreds of millions of dollars worth of ecosystem that is getting bigger and bigger everyday.

Why trc20 is not like that? Well first of all ERC20 is the biggest and it has the backing of ETH and that is why everyone goes there, would you rather go to a nightclub filled with people and dance or would you rather go to a nightclub with just few dudes haning around with their beers? Most people would pick the first one. Secondly binance managed it because it's binance, it has the backing of binance and they used tons of marketing and gave away so much free tokens and money that people went there. Tron has neither of them right now.
4659  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Tips to find new gem on: January 11, 2021, 04:55:41 PM
to find a new gem in crypto world, you should know about the team from the new project
learn carefully about them, because a project will success or not its depends from their team my friend

If we can't find any info about the team I need to skip the project right ? I checked SYL coin, no info about the team, just a first name, no clear roadmap, but the project looks interesting. But I'm afraid its a scam coz we can't find any info about the team. Did someone checked this project aswell ?
There are obviously a lot of things that makes the projects a bad project, but I wouldn't really say anonymous team is the worst thing you could have. I understand that you want to put a picture in the project and you want to say this guy is responsible for all of it, but the reality is that if a scammer wants to scam you, they will scam you no matter what, we are going to see people who will use literally their whole linkedin, facebook, twitter, instagram, their faces names and everything and yet still scam people.

So, just seeing the team doesn't mean anything as much as not seeing it doesn't mean anything neither. You have to read the whitepaper, you have to see how much team is involved and developing, and how much community is there, and if it looks like it is going great, just because you do not know their names doesn't change a thing.
4660  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: January 11, 2021, 04:03:06 PM
Next weeks' games for me are already decided, a bit easier games than previous week. I will play on Leverkusen versus Union Berlin game, will pick Leverkusen to win. Dortmund versus Mainz is another, and will play for Dortmund on that game as well.

Wolfsburg versus Leipzig is another great game, which I will play for Leipzig to win. And lastly but not least, Bayern versus Freiburg, which obviously will play for Bayern. That makes Bayern+dortmund+leipzig+leverkusen which is basically the top 4 of the teams, the only one I am not entirely sure about is the union berlin game because leverkusen is a great team but union berlin is not a bad team neither, they are pretty well, which is why I am not entirely certain about whats going to happen. However I will be playing these games anyway, hopefully it will be a great weekened and all the teams will win.
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