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4701  Economy / Economics / Re: Usa will find new dollar backer on: January 04, 2021, 09:01:12 AM
There is no need to back USA with anything but the weapons they have. They are by far the strongest nation in the world, doesn't matter how "rich" china gets, people around the world will not want to deal with China as a super power because they are run with a dictatorship, so they will go with USA anyway, and because people think it is land of the free (which is a bs, it is basically two parties that are the same, presidents change, nation stays the same) USA will continue to be the strongest in the world.

We have seen multiple republican presidents ruining the nations finances like crazy but at the end of the day we do not have any other super power right now that can get whatever they want done, but USA still can do that. So, Dollar will always be powerful no matter what, it is not a matter of will it or won't it, it is about how they can still do it.
4702  Alternate cryptocurrencies / Altcoin Discussion / Re: Developers - The most important factor of Blockchain? on: January 02, 2021, 03:03:28 PM
I highly doubt the developer part is the most important part. Do you know where they become important? When you are building something brand new that nobody has seen before.

For example, DeFi was something and DEX was something right? It has been a thing for over 1 year now, but when did it become a huge deal? When Uniswap type of places started to exist. Even binance sort of has a DEX part of their exchange as a side deal, their binance blockchain helps them and so forth, but in reality before uniswap there were nothing this important at all, but nowadays we have something major thanks to it.

This is the type of developer we need, that developer is the most important factor because he took something nice and made it a sensational product, if you are a developer like that you are very important. However if you are building just another same type project, developer just copy pastes and changes the names and logos.
4703  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: January 01, 2021, 05:54:21 PM
Nobody can make me believe that none of the players ever had any sort of new year's party and didn't take any drinks. Maybe Salah because of his religion I don't know but I am pretty sure most of the players probably had a great type of party, doesn't need to be crowded, it could be just them and their wives or girlfriends, it could be just with their families, but most players definitely ate a lot and drank a lot and had fun, which makes today's games questionable at best.

I would say even tomorrow games are questionable. I am going to stay absent from these games as well, and come back for the next weeks games. Plus I am feeling a bit groggy as well from last night's festivities too Cheesy. So trying to make a decision with this headache is not that easy neither, hence why I think it would be smart to avoid any sort of risk taking at this situation.
4704  Economy / Speculation / Re: No Resistance From $30K-$40K? on: January 01, 2021, 04:47:52 PM
My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.
This is exactly right, there is nothing wrong with not having resistance at higher levels because it doesn't mean that we are going to reach there and go higher very easily, it just means there is no need for it. We do not have any resistance at all above $100k as well, does that mean we are going above $100k very easily? Reach $100k and in a second be $200k as well? Of course not, because we just don't have any resistance there since we do not need it.

$30K of course got closer and closer, it is not like my example, but we still do not need a huge one because the price is going up like crazy so resistances are not building the way they used to, normally it took some time when bitcoin was steady but it hasn't been steady for a while so this is the reason why we do not have it right now, given enough time we are going to have one for sure.
4705  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: January 01, 2021, 03:08:03 PM
People are usually aware that they should not buy a lot, more than they can afford to wait, it is not about what kind of situation they have nor it is not about what kind of money they can invest, it is about the feeling and idea of getting rich. So, let's assume someone is aware that they should not put more than they can afford into bitcoin, they know this, but they see bitcoin moving from 10k to 25k, and they see tons of news about people who got so rich, they can retire now, what do you think they will do? Just let it be? Of course not, they are going to actually get in as quickly as possible and try to make as much money as possible because they will not be acting with logic, they will be acting with emotions and they will want to have the same kind of returns and when they don't, they will have to sell some of their coins maybe even all of them to make it back.
4706  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: January 01, 2021, 08:32:57 AM
Lucky me today, I got 5000 free tickets by rolling wheel


I got 50 satoshi Cheesy I got unrealistically excited for a second there because in reality you probably have a lower chance to win one of those big things, yet by the looks of it there was like 1/20 or so chance to win them, since it was just maybe 10 or 20 things on the wheel, I felt like I had that type of chance.

I am sure there must be some probability that makes 15k a lot less possible and all other things more possible and whatever the outcome is on the underneath you get to see the result on the outside as well. Of course I knew that I wouldn't get 15k with one spin, that seemed nearly impossible but I still somehow managed to get hyped about the potential Cheesy.

In any case, it was all free, even though I got only 50 satoshi, I am sure there are tons of other people who made a lot more money from it, and that is why it is a marvelous new addition for sure.
4707  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: December 31, 2020, 04:59:07 PM
With the price of bitcoin continuing to get higher then at least not only the government is paying attention to it, there will be more communities coming into this market. With this extraordinary development and growth, I don't think it is surprising that many companies and / or other institutions might adopt bitcoin but even so, in my country bitcoin is still used as a place to invest and cannot be used as currency.
I agree that when governments pay some attention, the companies will get more interested as well. Right now there is a big amount of people who are not entirely sure about going into crypto because they do not know what government thinks about it, but if governments made it clear to everyone, that would make things a lot easier for others to join.

Just to give an example, in my nation the exchanges even have advertisements, which is a proof that government actually backs it up, because you can't really be a company that gives ads everyone on television and even on billboards, without government ever taking a look at you, hence that means government checked them out and found no problems with a crypto exchange. This should provide proof that you could buy as much crypto as you can, and these type of things lead to crypto prices increasing a lot.
4708  Economy / Economics / Re: New Year | New Resolutions - How you gonna manage your finances - 2021 ? on: December 31, 2020, 04:27:45 PM
I am planning on surviving honestly. I don't know about other people, how you managed to spend your 2020, but it hasn't been too nice to me just like other tens of millions of people, probably hundreds of millions of people, financially. So in 2021 I have just one dream, never go in debt, as long as I can live 2021 without having any more debt than I already have that would be fine with me.

I can't even begin to think about putting money aside or anything, that would be like a dream and I am not even sure it could ever happen this year, but in any case I will not be even aiming at that however if it happens I am sure I will put it on ETH. If I had any aim to save money, that would be 32 ETH, I know it doesn't pay well with just one 32 ETH, only 5% or so in a year, but I say that would be better than any other investment I could make in the fiat world.
4709  Economy / Gambling / Re: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 on: December 31, 2020, 03:44:10 PM
They have to change some things because it was obvious that this wasn't going to work. It was obvious that people didn't cared about the token because the dividends were low, and dividends were low means that there weren't all that much gambler. They have built a perfect, amazing, unbelievable system for investors, but they forgot that in order for this to work there needs to be a ton of gamblers, without gamblers the whole idea of "get the dividends of casino" doesn't work since there is no dividend.

I remember at one point they were about ten times even more than this, and slowly they became lower and the second you can buy earn token directly instead of needing to gamble, it became something so simple yet so obvious and people ended up not gambling at all, they just bought it, so that dropped the amount gambled a lot lower and it never really recovered.
4710  Economy / Speculation / Re: Bear market? Will NEVER HAPPEN because of tether printing. on: December 31, 2020, 02:20:44 PM
People keep considering that USDT is the ONLY way people could buy bitcoin, why are you wrong this much? I understand that there is 20+ billion USDT in the market, but that doesn't mean all of them ar constantly used to buy bitcoin, plus even when they do, do you know how much real money are in it as well? I can tell you, billions of dollars worth of bitcoin all bought and stored already without ever being sold.

So long story short we are talking about something much better and easier here, the real money, and this USDT deal is obviously something that impacts bitcoin, but even if you end up printing 10 billion new USDT today, and make it buy bitcoin, that could return with all 10 billion of them sold back and get USD instead of USDT, we do not know how it will happen. Do not hope for something like this to change anything, USDT is just another stablecoin and not a big deal.
4711  Economy / Speculation / Re: Bitcoin Price will Rise to $60,000 by December 2021 on: December 31, 2020, 09:58:30 AM
We do not know for sure. But if I were him, I will not show myself to the public because that can make me in danger. After all, many third parties want to know more about me. I do not want to show myself here too, because I know that in this forum, some people still secretly watching the forum to find out about satoshi nakamoto.

I think Satoshi Nakamoto already prevents the hacker from hacking his wallet by using many things security layers that we might do not know. He is the creator of bitcoin, he knows the code, so I am sure he knows what he needs to do to secure his wallet. The bitcoin that will be sold at the market will come from the bitcoin that already gets hacked on the exchanges.
Satoshi could do whatever he wants to prevent, there are few other methods hackers could use, but in the long run it will be broken without a doubt. How? Well if satoshi is already dead, that means he can't keep up with the tech of security and he will not be able to defend it while the newer high tech will make sure that hackers can get in easily, maybe it will take 10 years of tech development to reach there, maybe 50, maybe quantum computers can become reality one day and that will hack it, no idea what will happen but in the end we are talking about something that is guaranteed no matter how much time passes.

Secondly if it is a group and even if one person dies they get another so they never really end, it will always depend on one great hacker to be better than them and secretly get in, it is not "impossible", sure it is very difficult, but not impossible.
4712  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: December 30, 2020, 07:14:15 PM
You don't have to hold coins to make profits out of them, the trick is getting in at the right time, buy low and sell high have always be my path and it always works for me, all it requires is patience and also make sure you go with good altcoins that will recover no matter what, a good example is NEO
Know the coins well before buying it so you will make good profits from it after long time of holding rather than regretting in the end. Yes it's good to buy coins at its dip price and be patient enough to wait for the price to grow and when you think it's time to sell, then stick with your plan. Unless you're not making any FOMO or go with the decision of others, you will never be in loss once you stand in your decision.
Instead of FOMO or FUD type of "feeling" you might have, stop dealing with emotions and do your research. I think you should either invest into something that is fundamentally great and can be profitable, or just research all the small things like crazy, for weeks, and check everything part, leave no stone unturned in order to make profit.

Meaning either invest into things like bitcoin and ethereum so that you could profit, they are guaranteed to profit, maybe today maybe in few years but there is no doubt that they will be profitable, or if you want bigger returns, go for small altcoins that could potentially help you make more money that way. You get to choose which one you would like to do, but I would suggest if you want to retire early and have a decent life but want to make sure that you do not risk everything today for it, you should probably invest into big ones and wait for it.
4713  Economy / Trading Discussion / Re: Trading Trend is Changing | Adopt YourSelf ! on: December 30, 2020, 05:57:13 PM
I disagree that "trading trend" is changing, I think people are learning about trading a lot in depth and that is the deal here, I am not saying it was nothing neither, people knew how to trade a bit, but right now a lot more forex people are involved and a lot more ways applied to crypto trading as well, so we are looking at something a lot better right now and it spread into trading world a lot. Plus for some reason, people are a lot more interested in investing these days, instead of trading.

This includes me as well, I have been doing DCA in a way and buy bitcoin ever month, that allowed me to have a very decent amount of bitcoin plus I can easily say that it helped me get richer as well, obviously not a lot, obviously still very tiny, but it is good enough for me, I couldn't even dream about having 1 thousand dollars, now I have a bit over, as a person from not a rich nation, that is very good for me.
4714  Alternate cryptocurrencies / Altcoin Discussion / Re: want to invest .. on: December 30, 2020, 04:57:25 PM


After seeing the growth in the price of the coin in the past few weeks, it leaves us confused as to which investment to make. I want to invest in all of the coins. but only a little capital owned. what action am i taking right now?

You know mate we have the same mindset in common, but that was before, I really want to invest in most of the cryptocurrencies way back in 2017-2018 I bought ICO tokens from the money that I was loaned but the worst is the market is slump for more than 1 year of long bearish sentiment and the results most of my holdings have become worthless, thats why today, I realized that holding many tokens is not good, because it can affect your decision on what to do on other coins/token, But I still believe in diversification but it should be limited to 3-5 coins/tokens but make sure that those cryptocurrencies are good and promising.
I have to say you could be both right but also very wrong with your assessment of crypto. I understand that if you invested into things back in 2017-2018 period you may have lost a lot of money, but that doesn't mean that crypto will be like that all the time, doesn't mean it won't be neither, so you could be right but could be wrong depending on the market.

If someone took out a loan and bought ICO projects during the 2018 crash period, they would end up with almost nothing and they would have lost money, just like you, but if they bought coins at the start of this year, invested into DEFI period and waited until today, they would all be very rich right now.

So, it depends on when you get in, and depends on when you get out, if you can get in at the bottom and get out at peak you can profit, inside less than 6 months, but if you got in at the wrong time you could lose it all. So like I said you are both right and wrong, depending on when you get in.
4715  Alternate cryptocurrencies / Altcoin Discussion / Re: eth 2.0 is this the end of bitcoin? on: December 30, 2020, 04:36:13 PM
I have to say bitcoin will always be bitcoin, even when transactions costs nearly 10 dollars, even when you pay 10 dollars to get your bitcoin after 1 hour, even when price has increased so much and looks dangerous, people still prefer bitcoin over anything else. This could be because we trust it more than anything else as well. Look at all other coins, they either have "foundations" which is basically organizations that control it, or they have groups working for them, which means all of those projects looks as centralized as it gets, while bitcoin is untouched and awesome.

Definitely we moved to segwit but we moved our blockchain, not bitcoin, so I doubt that counts plus almost all of us wanted it, got a 90% acceptance so I still think that is better. This is why I think ETH will definitely be better than it is right now, but it can't pass bitcoin in the rankings.
4716  Economy / Economics / Re: Second lockdown due to covid19 is painful on: December 30, 2020, 01:35:38 PM
It's very obvious that not all countries at these point will experience second corona virus but due to what is involve in government every country with bad eggs of leaders will use such avenue to bring economy of her country down by embezzling their funds, when looking at the ratio of affected covid19 patients of different countries is not like the way it's in 2019 when corona virus started, even in 2020 so while would government lockdown again to suffer people, my major concerns is for those living in rural area that have no furtherance.
While corruption is wide spread, effecting policies to bring the economy down doesn't really favour the government as they would be losing revenue, while they'll also need to provide relief for the masses.
In some countries the virus is worse now than it was earlier in the year.
Corruption is definitely one of the worst things about this situation. We are dying, people are literally dying right now and governments are basically trying to hide the real numbers in many nations and try to get as much money from this excess economy as they can.

The economy is doing a lot worse than usual, 2020 has been very difficult for us but for governments as well, there were tons of taxes lost for them, which means they couldn't make the same amount of money personally as well from all the corruption, so they have increased their corruption to make as much as they used to make, and considering we are out of money, they had to take out the last dimes we had. This corona virus showed the world the worst part of humanity, if it works for the best of you, if you could even just change your 1 million dollar car for 2 million dollar car, many people let thousands die for it. It is a shame we live in this type of world.
4717  Economy / Economics / Re: We, bitcoiners, should buy a bank on: December 30, 2020, 08:11:01 AM
Kraken is basically a bank of its own right now, which is sort of what you are asking for however I am not sure if it will work. Like how davis said and like how perfectcircle questioned, there are too many things that could go wrong and there are too many methods how to run it, while also not fixing all the problems. You want to make sure bitcoin is perfected and make sure everyone understands the power of it right?

Well, what about which type of bank will it be? Plus even with all of that, people who made the most money made maaaaybe a billion dollars, what type of bank do you think you can get for that little amount of money? So all in all I agree with davis, this doesn't fix any issues because it would be too small a scale, bitcoin world is nothing compared to banking world and we are not there yet, when we are I am sure exchanges will turn to banks.
4718  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: December 29, 2020, 06:43:46 PM
Easy three bets for tomorrow. United should win against wolves, Spurs should beat Fulham, and Liverpool should beat Newcastle. This year everything seems a bit challenging and teams have results that are quite shocking, I even from the standings you can understand that, team that is second in the league right now is Leicester city with 5 losses! they lost one third of all their games and still managed to be the second ranked team in the league. That tells you all you need to know about the situation in premier league for now.

By considering those, I think everyone should be careful with even the most guaranteed looking games but I would say these three games for tomorrow is as best as we can get at this point. They will also be a decent odds as well, gets closer to 3.5 or so and I think 3.5 odds for such games should be as good as you could hope for.
4719  Economy / Speculation / Re: Bitcoin Price will Rise to $60,000 by December 2021 on: December 29, 2020, 05:55:46 PM
If Satoshi Nakamoto will indeed sell some of his BTC, it will create panic in overall market because he is holding millions of BTC on his wallet, It's enough to dump the market to the starting price of BTC. But I guess he will not do that because someone can track him in case he cash out his BTC to Fiat since many eyes are watching on his wallet address since the beginning.

But I do not think that Satoshi Nakamoto will sell some of his bitcoin in just one order. I think he will send his bitcoin to reputable exchanges without having KYC, and get the money to the other forms. But I think he already cashes out his some bitcoin to enjoy what he has. He can use the other services available on the dark market, so they can not track or watch on his wallet. I am sure he can sell his bitcoin without we know if he is Satoshi Nakamoto or other people.
We may never know what could happen with those bitcoins satoshi owns, it is not something we can even predict. If satoshi is real and it is just one person, and if he is alive, he could simple come down here and sell all of his bitcoins and use that money to live rich forever, but honestly you see what is going on with XRP so I doubt it would be the case, if he did that there would be a ton of people and governments who will want to question him and probably even jail him.

But what could happen would be some hacker finally managing to get into satoshi's wallet, I know it is very very difficult but there must be some people who have been working on it for years now, and if you give it enough time and juice, we could potentially see something like this happen, it might take a long time but it could at least happen with enough time, so I guess we could see those bitcoins sold on market after a successful hacking.
4720  Economy / Speculation / Re: Oh BTC crossed 25k on: December 29, 2020, 05:05:57 PM
I agree that 500k is not something we could dismiss because lets face it bitcoin is capable of doing whatever it wants, but I also doubt that we could get there any time soon, probably not in few years at least, maybe even in a decade. That is the trouble with bitcoin, it could do anything and we are basically just watching it do whatever it wants. Could it be 500k in a year? It can be, could it maybe crash this year and not go over 25k ever again for all of 2021? That could happen as well.

At this point nothing will surprise me, it is bitcoin and it could be anything who knows. But, I would suggest everyone to just keep investing into bitcoin as much as they can afford (please do not put yourself in distress and put too much, only put what you can afford to spare) because no matter if it falls or crashes, I am sure it will eventually go up a lot.
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