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4701  Economy / Speculation / Re: Tom Lee 2020 Bitcoin to 30k on: February 25, 2020, 07:19:02 PM
This dude keeps saying higher and higher prices and for some reason people still make news about it. I mean do we really need to get one more article about tom lee? Should he be asked what he thinks bitcoin will do once more? Whenever you are in doubt what tom lee things (which nobody ever wonders) you can just 3x or even 5x the current price and that is exactly what he thinks bitcoin price will be like.

When the price was around $3k to $5k he was asked and he said $15k, now he is saying $30k, I swear to god if we ever reach to $20k price once again and he was asked what the price will be in the future, he will give a $60k to $100k answer to that as well. Dude is constantly bullish on bitcoin and always gives a 3x to 5x answer to the future of bitcoin prediction questions.
4702  Economy / Speculation / Re: Scammers move 12k BTC - dump is comming? on: February 25, 2020, 06:42:19 PM
That is the issue here, we do not see too many bitcoin hackers and scammers getting the punishment they deserve which causes them to continue scamming and hacking. If they had some sort of jail time or something like that in the nations they did it, we would see a lot less scammers and hackers, but since they get nothing, we gonna keep getting these type of people constantly.

Crypto not being too much of a legal problem for us and being unregulated and decentralized brings problems like this to the table, you are free from government most of the time unless you are a super rich person and that results with them being free from government as well. But when someone has 1 bitcoin and nobody knows about it, unregulated and decentralized system is good, when someone steals $12k that's a whole different topic.
4703  Economy / Trading Discussion / Re: How to choose correct coin for Day Trading on: February 25, 2020, 08:25:37 AM
In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.
Choosing based on volume is the thing, I guess most traders are following because when a coin is having decent volume then it may not get dumped/pumped suddenly. But, volume along with more number of trades alone will give you exact right coin for day-trading because some devs will manipulate their own coin by showing big volume with the help of shit exchanges. In that case, we can easily figure out them by checking how many trades happened in last 24 hrs.

But, not all the exchanges are showing how many trades happened in last 24 hours. This may be the catch to traders to mislead them toward manipulated coins. It is always better not to go for day trading and even if you go just day-trade bitcoin against fiats as it will always have plenty of volume.
4704  Economy / Exchanges / Re: What do you guys think about Bitfinex? on: February 24, 2020, 08:02:55 PM
I guess when I look at this, I do not see a "scam" website, they are doing whatever they are doing publicly and not hiding it, they are telling everyone that whatever happens to them the customers will pay for it and they are totally fine with that, what happened after the 36% deal? What is going on right now?

There are still people who use it, which means maybe they do not scam anyone but basically have a bad business model that some people prefer. I mean if they did this secretly somehow or they basically did anything like take everyone's money, pay their debt and leave with all the rest of the money be in Bahamas or something that would be a scam but considering they took just what they needed and then simply continued operations, I can say I would never use it myself but I do see why people see it as a bad business model rather than a scam.
4705  Economy / Trading Discussion / Re: Why not decentralized exchange..? on: February 24, 2020, 05:33:31 PM
Probably the rate of collapse of decentralized exchanges higher than centralized exchanges. If you notice, even centralized exchanges are getting hacked or exiting by scamming traders money. So, failure of exchanges are happening everywhere not because of decentralized.

Comparatively, the centralized exchanges are new to our crypto community and we are not getting big business people to serve us  in the form of decentralized exchanges and this could be the reason why we are having frequent failure of the decentralized exchanges. As far as I am concerned, after the big success of ethereum and its smart contract features, we started to be having decentralized exchanges.

So, we do not need to worry about frequent failures of decentralized exchanges because it will take time for building some highly reputed decentralized exchanges to serve us for long periods like how coinbase is is doing for years and another good example is bittrex.
4706  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 24, 2020, 01:25:39 PM
Here's a cool little strategy I'm thinking of using: I currently have upwards of 3500 reward points.

On the rewards page, I'll redeem 600 RP for the 50 lottery tickets/roll bonus. I'll free roll every hour at least 12 times in the next 24 hours, giving me 600 lottery tickets in addition to the 300 lottery tickets I already have. Plus, that also adds 120 RP to my 2900 remaining RP, which adds up to 3020.

Using this strategy, it would be a significant boost to my lottery ticket count, and I could repeat the same strategy for the next 5 weeks to get 600 additional lottery tickets every week, boosting my chances of winning the lottery for 6 weeks running. At least one of them has to be the lucky one, right? Let's find out!

From my experience, no. Since the price for 1 ticket is just 1 satoshi, sometimes I succumb to the temptation of buying a thousand or two of them, but I've never won in the lottery, never took the 10th place even. And this is not surprising, because even with 20,000 tickets your win chance is still smaller than 0.01%.
I have done something similar back in the day and that was definitely worth it. I however did 2 reward + 1 free btc thing back to back for 3 days instead of doing 1 reward and 1 free. That way I built my reward points higher and spend the extra on the free btc, I both increased my reward point numbers that way AND also had the free btc thing as well increased so I was capable of profiting while still getting more rewards.

It required a lot of on screen time though so I stopped, I was doing 13-15 times a day which required me to be in front of my computer every day all day and that is not something so easy, I am a freelancer so I had a chance to stay at home and do this but even with that it got so boring that I felt in the end it didn't really worth the work I was putting in.
4707  Economy / Gambling / Re: Stake.com | Crypto Powered Sportsbook and Casino | 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲 on: February 24, 2020, 08:55:08 AM
For 30 thousand dollars you could go to Paris for a week and vacation there and come back while visiting great restaurants and historical things, for 300 dollars you could have a decent weekend at wherever you are, so it is not "tiny amount for a rich person" when it gets bigger since if you are super rich there is still other stuff you could do with that money, which is why winning is still quite important.
Very true. Some people think that rich people are not blown away by amounts like $30K which is true in some cases, but this applies to the minority based on what I have observed. Majority of the them still go crazy when they win such amounts.

Majority of them earned money through their own hard work which is why they tend to value every single cent(Eg: Bill Gates), but a minority of them treat such amounts like nothing(Eg: Rich kids who never earned anything).

The money which you gain from hard work, you know the value of that money and hence you will never waste that money. The rich kids who are born with a golden spoon in their mouth, will never understand how hard it is to collect the money.
Same goes with gambling, if anyone win big from gambling, that is called easy money and they will not know the worth of that money.
I doubt the difference is like that when it comes to people who earned their money versus people who inherited that kind of money. Of course there is a big difference between those two type of people but we are talking about someone who wagered over 30 thousand dollars on a sports bet here, so I doubt there is much difference between him and anyone who spends their money without a care in the world, dude is basically one of them.

I doubt even today Bill Gates wouldn't spend 30k on a sports bet, he wouldn't wager it, he spends billions on charity but would refrain from gambling it. So this dude could be hard worked to earn his money or lucky to have his money but in the end he is a degen like us who likes to gamble as much as he can afford as well, the only difference is, he can afford a lot more than us.
4708  Economy / Economics / Re: Using of Blockchain in Election on: February 24, 2020, 07:49:10 AM
Yeah blockchain voting isn't a very good idea. The issue is that someone can get hold of someone else's keys or companies could ask their staff to hand keys over or something else like that - which may go unreported...
No government is going to implement these blockchain technology based voting system right away with the current-state where it is today. We have super brains and super cops to fine-tune the system from its today's state to possible "production-ready" state.

It is too early to conclude like "it has flaws hence it may get misused; let's stick with what we already have". Technology will self-reevaluate to make us adopt them without complaining till then let's watch or if possible let us contribute toward building them rather than criticizing.

I completely agree that deploying it in a large scale immediately is a horrible idea, but a few breakthroughs here and there could make them plausible in the future.
Yes, this is how we do have new systems and technologies. I strongly believe the concept is more important and making it practical/implemented will happen over the time by slowly eliminating all the pitfalls.
4709  Economy / Economics / Re: Gold vs. U.S. dollar on: February 23, 2020, 07:25:07 PM
I can sort of understand those situations and why gold lost its value but right now gold is not used for coins anymore and it is used for other stuff plus it is mainly an investment. There is no more black plague level of threat to humanity and even if there was the world is not bigger and more connected, so if something happens in China like corona, everyone else knows about it in the world and takes care of that before it spreads so it doesn't become black plague level of thing.

I doubt we will ever find a huge amount of gold anywhere that will drop its level on earth anymore neither. The only possible thing that could ever happen is if we master asteroid mining and get gold on some other system and bring it back to earth and that is easily decades more for something like that.
4710  Alternate cryptocurrencies / Altcoin Discussion / Re: Too scared to go for altcoins? on: February 23, 2020, 04:11:29 PM
I had invested in bitcoin gold and cash, but for now it seems I don't really want it even though their coinmarketcap ranks are pretty good and are widely used by the community/investors because there are many other altcoin options that can get a lot of profit. And maybe in the future there will be some other altcoin (bitcoin forks) that will appear. Cheesy
There already are hundreds of forked coins so I am not really sure if we would need any more forked coins in the future as it would only flood the markets with same specification coins. Many people trust these coins because they are been forked from bitcoin and they might even have a chance to make enormous price difference in the future markets but most of such coins might even have a dump anytime.

There are a number of other potential coins which have been dominated the markets since long time which can give us stable source of income so why to go for a riskier investment? I would prefer investing into ETH, XRP, TRX, ADA, etc rather than putting my capital into these forked coins.
4711  Alternate cryptocurrencies / Altcoin Discussion / Re: Reason behind ALTCOINS not bouncing Back on: February 23, 2020, 03:41:21 PM
In fact, there are many reasons and no one knows exactly what the reasons may be for this. We seem to have begun to forget that the market is unpredictable, and if now we are in decline, then literally in a week everything can change. And this often happened in history, we just forget about it immediately, because everyone cares only about what they can get now from their investments.
The high volatility nature of cryptocurrencies never allows us to find an exact entry or exit point. This is where majority of the traders are trapped but those who have spotted the exact entry point would always have profits if they hold enough with their immense knowledge.

The markets would quickly go down as well as it might quickly get pumped so we should never expect stable returns at least until we gain some experience and learn how to spot exact entry and exit points. Many altcoins have turned red which might be because of the price pump faced by bitcoins as it usually makes most of the altcoins follow the opposite trend. But once bitcoin stabilizes, we can see altcoins growing back again.
4712  Alternate cryptocurrencies / Altcoin Discussion / Re: Samsung Galaxy S20 Smart Phone will Support Bitcoin, Ethereum and TRON on: February 23, 2020, 03:01:16 PM
So I need to spend $1000 or more for this phone to store these three cryptocurrency. Who will want to do that, when there are so many free wallets available in the market to store more than three cryptocurrency.

A hardware wallet will be costing me less than this phone.
None would actually buy this phone only because they want to store those above mentioned 3 coins. There are a number of mobile wallets which allow us to store more than 10 coins in a single wallet and it would always be a lot easier to simply download those wallets onto our device and in this situation, why would we even go for that wallet which is built-in and limiting to 3 coins only?

We might lose our security by storing funds onto any such wallet as they might be easy to crack and we might lose each and every coin on that wallet. I am sure majority of people would only buy that phone due to the latest features and processor speed which would make the phone super fast. Most of the Samsung devices lack in their performance so I just hope that this new flagship device would not be like those.
4713  Economy / Trading Discussion / Re: Reasons for traders to look at! on: February 23, 2020, 09:33:46 AM
When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.

So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233

Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.
And sometimes it is best to take a break. I have seen a few people that will start trading and losing, and instead of them to quit and continue another day, they still keep trying and chasing the loss and in the process of doing that they keep losing more and more money which is very bad, and at the end of all that they still don’t achieve anything.

People really should know when to stop trading. If it’s not working out for you today, you should just leave trading for the day and relax your mind to continue another day. Lastly, I would like to say that the fourth reason that was stated in the article from the link you posted, which is Greed, it’s very important that we find a way to get rid of such. Greed is very bad and will lead you to costly mistakes.
4714  Economy / Gambling discussion / Re: 2020 NBA Season on: February 22, 2020, 06:31:33 PM
This game for blazers was quite important to actually see how the others play and not if they could win or not. Pelicans are not really a great team of course so they could have still won the game however when your best player is out (and I wish CJ was out resting as well, would emphasize this better) you get to see who are the other players that you know that could help the team out, Lakers literally did that last year and kept Kuzma while sending all others, sure there were other things involved but they could have easily sent Kuzma as well.

Here blazers saw that they could rely on other players as well when Dame is not on his best day or he is guarded extra etc etc, we all knew CJ was good but seeing Melo still playing well really helped them and hopefully their playoff chase is not just over yet.
4715  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Binance beat Ethereum on: February 22, 2020, 05:04:51 PM
The difference between ethereum and binance chain is the simple fact that binance has the exchange to back it up, ethereum doesn't. Now ethereum is a bigger coin, been the second ranking coin for a long time with only a small stint at third place, which means it is still loved and cherished, I do hope that will continue for years to come because I see a lot of greatness in ethereum.

However, when you do a coin offering with ethereum, you still need to make sure your coin will eventually get listed somewhere, if you are a coin that got good funding then you can pay the exchanges to list you as well but still all depends on what you will do with the money. Whereas if you are a binance chain type of coin with IEO, that means you will be listed right away and will be able to buy/sell quickly. That is a huuuuge difference.
4716  Economy / Economics / Re: Corona Virus is a Fake Flag to destroy China! on: February 22, 2020, 04:19:05 PM
There is no "secret agenda" going on to stop china, there never was any to stop China, they are literally killing people for their organs and raping people and basically have a concentration camp that is worse conditions than what Nazis did to Jewish people and the whole world still uses China as its manufacturing place. If nobody cared about the insane number of human right violations going on China, they will not care about just a virus neither.

This was just a simple "fever fever" where people are afraid of the new versions of something that is not so different from the old version, remember the SARS and Ebola epidemics? They were literally the same type of reaction and nothing happened and world continues to go on, literally same thing happened and that's it, in few months nobody will even remember it.
4717  Economy / Economics / Re: HSBC Bank To Cut 35,000 Jobs, Shed $100 Billion In Assets As Profits Plunge on: February 22, 2020, 03:46:30 PM
I agree that the only thing a business focuses on shouldn't be just profits, shouldn't be just business, at least not when they are this big.

We are talking about a company with over 200 thousand workers, I understand that the small grocery store around the corner could think of their profits and I would understand it, the most they can do is to fire few help they have and that is about it, wouldn't change the economy too much, but we are talking about huge business that fire over 30 thousand people effecting maybe close to 100 thousand people around the world, that becomes bigger than just profits, that becomes bigger than just the business itself, it affects whole communities when they close down a store and fire everyone with it, that changes too much for a lot of people.
4718  Economy / Economics / Re: Russia's Cryptocurrency Law - Initiation on: February 21, 2020, 03:28:45 PM
I have always been worried about countries trying to create their tokens in future. Back then when I started using cryptocurrency, I was expecting there will be a time when the government will accept Bitcoin fully. Then there were not much altcoins apart from ETH, Litecoin and some other good coins.

I expected that the kind of adoption I’m looking forward to will start from China, and unfortunately they stopped and banned cryptocurrency. Then the next thing that happened was that they started creating their cryptocurrency and there are lots of altcoins in the market and lots of fake projects, it’s really annoying. Now other countries will start doing the same, creating their own cryptocurrency and maybe banning Bitcoin so that people will agree to buy and invest in their coin.
4719  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin will to the moon? Trust me!! invest now before you regret it. on: February 21, 2020, 12:24:28 PM
I’ve always loved Litecoin from the start and it has been my favouritecoin apart from Bitcoin. I can remember that when I was a newbie the two coins I had in my wallet then was only Bitcoin and Litecoin and they have been really good and profitable. Now I have other coins in my portfolio, but I never go without BTC and LTC.

I believe this for sure, Litecoin will moon, but I’m not sure how or when it’s going to be. Just like in 2017/18, it was unexpected, the price just took off and starting going up. And what I like about them is their good team ups, though I don’t really know about this Bibox, so I’m just going to do a bit research about them to know better.
4720  Alternate cryptocurrencies / Altcoin Discussion / Re: At the end of the year! on: February 21, 2020, 11:48:11 AM
Yeah you’re right, anyone that wants to be trading cryptocurrencies needs to learn how to analyse the price by themselves and not wait for experts to be doing the work for them. I know for sure that the predictions made most of these experts or influencers for 2018 and 2019 were wrong in every way. I can remember that John McAfee was predicting around $700,000 and not just only him, there were other influencers that did the same and some of them even made ridiculous price predictions like $2 million and $1 million.

But after everything, we reached the end of 2018 and 2019 and none of those were true. McAfee then came out to say that Bitcoin is the worst cryptocurrency because it didn’t go according to his predictions lol. I wonder how much he would have bought of BTC and stored in a wallet so he could make profit and at the end he’s pissed that his plans never worked out.
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