I dunno about its upper limit but BTC would surely exceed at least $50k price. We're pretty much seeing it at below $10k right now and that's already pretty huge imo. Imagine if the world started adopting it properly where people actually know about it's existence and are actively participating in it's usage. BTC price would just go upward suddenly by then. hopefully anw. It ain't bad to dream after all. Anyway, we don't really have any right to push down any predictions tbh. Predictions in themselves aren't really trustworthy hence the word predicts, but it's still free to do so. Besides, 3 years is a long time. BTC took what 6-7 years for it to reach $18k from 0 right?
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Doesn't this just seem to kind of attack those who didn't invest lmao? It promotes something similar to a guilt emotion or something like that due to the "wasted" opportunity that those who received the stimulus check got. Ofc, I'm not saying that's the intention of the one who started the calculation but still, it's a rather wasted and pointless effort. Not to mention that instead of it bringing positive results, it might actually bring negative results due to it influencing those that received the check-in a bad way. Kind of like how people new to trading invest in the market when they see it going up since they think of it as a "wasted" opportunity.
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I actually found something pretty inspiring when I was browsing through my wall. If somehow, by the end of the lockdown, I wasn't able to learn any new skill that I could call my own ( even if it's at the beginner level), then that means I'm just lazy. Was pretty hit by it initially but then I remembered I was actually learning how to draw and how to repair various stuff aka breaking them apart then building it again. It was pretty fun. The lockdown is pretty much time for you to find something you want to do. Ofc, it's pretty hard. Ngl, drawing frustrates me so much sometimes cause the image won't match up with what's in my imagination but hell, that's what everyone experiences at the start I'm sure.
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Your borderline going closer to addiction with that mate. Gambling is purely a form of entertainment at it's core, you have no need to put any more time in it than what it is normally needed. You have quite a lucky situation tbh, since your gf was beside you and managed to luckily advise you to stop early on. Those who weren't able to stop would surely just drop dead a few weeks after or maybe even start doing shady stuff just to manage their finances. Waking up in the middle of the night and wanting to gamble cause of that is already a sign tbh. I mean, anyone who wakes up in the middle of the night and wanted to do something would consider it as bad. Once or twice maybe it's fine, but if it were to happen multiple times per month, then better check yourself up before it turns into something much more worse.
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I believe China is fully on the side of controlling literally everything their citizen does. BTC is quite the opposite in fact of what they do, but if cryptocurrency entails only that of which is the cryptocurrency they are creating, then there's a chance. It's a 50 50 chance tbh, and it would take time, a lot of it. They are clearly trying to take advantage of the usage of blockchain system not only in their currency, since they have been pretty much researching seriously about how to implement it in other matters, hence you can see that they are quite pro of it actually.
It depends on how China fully uses the digital currency they are currently testing. Digital Yuan if I recall correctly? And if they, if ever, successfully manage to implement it properly, then they can pretty much fight head on with the US.
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Isn't a year and a half too long to see the peak? I expect it to either be around the start of 2021 or the middle of it. As for the max, I think it would range closely around $100k. Probably -+$50k of that amount. Still, I'm pretty sure the development of the market still relies on what the community is at now as well as any impacts the world has on the market. Currently, though, we could assume that the corona impact panic has already subsided seeing the recovery, but you never know about any possible 2nd wave of the said panic. It might not even be the same reason but rather one caused by a third party. Not saying that the impact would be negative as well, but if we ever see any big events, then the market may see a huge wave in it.
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Miners would be hit temporarily maybe a 1-2 months after the halving but I doubt they'd be hit that hard. Besides, if miners were to lose out and leave, the price would probably increase by then since transactions require miners to exist before going through. It'd probably require as I said, 1-2 months before the price related to miners are regulated though. Additionally, as for the impact of halving to BTC price itself, I doubt we would see one immediately. At least half a year or so is probably needed to see any significant impact. It takes time and if you were also to look at how the 1st and 2nd halvings impacted BTC price, it required quite a few months.
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Isnt the idea kind of difficult to realize? The idea itself is nice but since the idea itself is separating yourself from the norm, doesn't that mean some aspects of life might prove to be inaccessible to you? I mean, it might depend from country to country but generally, that would be the problems encountered by the idea of living bankless. The issue itself most probably lies on the fact that there's not much support with regards to cryptocurrency usage in most aspects of life, and not to mention the required identifications in normal cases.
Not flaming the idea or anything, but if you were to try to live bankless, the idea of cryptocurrency needs to be idealized. Not in just a single country but rather globally and it needs to be recognized as an identity similar to what a fiat does. I used cryptos to pay in the past but that was mostly for items I bought online. I've never really used them to pay items that are paid every month like rents and bills.
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Yea its legal in our country, and even if it wasn't there would still be casinos online in other countries and they would probably force it to gamble there. Even if they didn't they themselves could build a gambling community around themselves and well, there's that. As for it being legal, isn't it already legal to those who want it to be and not to those who don't want it to be legal? I'm pretty sure that it wouldn't matter at this point tbh. As for usage in cryptos in casinos, there'd probably be a few? But not all I guess? Especially those new ones, the chances of them adding cryptos immediately are around 50 50 after all, but it's a different issue if they actually started with cryptos instead of a fiat payment system.
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All of us would mostly dead by then and tbh, a century is quite enough for one idea to decay and became a heap of trash if people lose interest in it or people no longer hopped on to the train of being interested in it. Though I highly doubt cryptocurrency itself would be dead by then but BTC itself might have some tough times ahead since you can basically say it's fighting over dominance over the coins that other countries may be creating. It seems to me that the individuals most directly affected by the Bitcoin supply supply are mining workers. Perhaps the miners will be forced to move away from the rewards they get in return for their work once the mining of 21 million bitcoins is reached and thus there may be no motivation for the miners to continue supporting the network.
Indeed they are. Though miners may actually be rewarded quite well if the BTC price went up more than it is right now. Chances may be close to nil but if it were to happen, I'm pretty sure miners would be more than willing to continue not to mention the possible improvement on the efficiency of mining machines. They may even be able to reduce the costs to accommodate the price so that it could still be bearable to continue mining.
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Indeed but in all honesty, why would gambling casinos put much effort into that right? I mean, it would still be quite reliant on the self-control of the individual himself. Especially if one is a deep in to it type of addict, they'd literally do anything to do what they want, maybe even flying to another country if given the chance. Plus, the "limit" itself is kind of an abstract thing tbh and is mostly judged subjectively. There really isn't any fixed limit for every one of us after all, so letting a third party do it for us may actually just be detrimental at times.
Given a scenario where gambling casinos make you stop gambling after let's say 3 hours, most players would probably opt to leave the said casino and play somewhere they could paly to their fill right? This is contradicting the initial idea of a gambling casino which is to make money, so why would they do so right? I'm not downsizing the idea of having a limit feature but just saying that casinos would probably not do it since their main goal is to profit and the like.
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A Steady movement. My general guess would be the price to be between 8 and 10k. I added 8-9 since the price just a few days ago was around 7 and expecting it to exceed 10 all of a sudden is kind of expectant of me much. We would most likely see an up and down movement not exceeding 10k and not going below 8k. Price would most likely play around there and any possibility of another retrace because of the recent 20% increase is mostly unlikely now since it's already been a few days. Heck, BTC is even fighting against the retrace and is currently standing at $9k though honestly, the chances of it going past $10k is most unlikely. Even if we take into account the FOMO of the halving, it really doesn't have that much allure and effect imo.
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And she dares call herself a mayor? Instead of actively looking for ways to help her citizens have enough resources to last the quarantines, she does this kind of thing? Like really? Hasn't the various countries plagued by the virus not enough of an example to let her see that doing such idiotic things would only lead to the situation getting worse? Let's be honest, the Virus spread isn't guaranteed but there are always a what-if situation in that case and really, you can't make use of human lives to test that what if. And even if it were open tbh, I wouldn't go, nor anyone else for that matter most likely. People aren't idiots at all.
Restaurants can be reopened but it isn't really recommended since strict guidelines would be implemented in the end, but really? Casinos? Even the opening of Restaurants is already questionable and they deal with food. What more with Casinos who deal with money.
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I limited myself to 10. Not that my bankroll could handle anything higher though tbh. Whenever I reach the 10th streak I try to do it once more without increasing the odds. If I win, I reset and continue the same process but however if I lose, I just accept my loss and stop temporarily. It's not like I could continue gambling, after all, I limit the amount I spend on gambling most of the time anyway. I limited myself to 10 since I had a reaaallly bad experience where I lost my entire bankroll after having a 20 loss streak. It might have even been more tbh, been long since then and really, betting the same amount again like that really scared the hell out of me.
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I'd actually wait until the months over before thinking of investing. I'd expect the current standoff to stay quite a bit since BTC jumped up by quite a bit from its initial price of around $7k a few days ago. It's a huge jump and would probably require a few days of it being steady there so i'd expect the price to go down below the average a few more times before jumping up again. I wouldn't even be surprised if BTC retraced itself once more in addition to the retrace it has done right now to $8.8k though the chances are a bit on the low side since it has stayed at that price for around 24h already. Still, it wouldn't go up past $9k in the next few days probably and instead spend time reinforcing itself.
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$10k because of the recent run by BTC recently where it increased by around 15%? Nope. The market always follows a certain understanding that whenever a price goes up by way too much, a decrease would always follow. Just like how the price went up from $7.something to $9.4k, which is, in all honesty, a rare occurrence to happen in a 24h time span. BTC price goes up by a steady progress most of the time tbh, so a drop was rather expected. $10k would probably be reached by around end of the month or 2 perhaps. BTC needs quite some time to steady itself currently and then there's the problem of it trying to push forward.
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Most people on the less fortunate side actually look for deals and bargains 90% of the time. It's like they dare to ask since they know they have it quite hard in terms of finance. Although this leads to saving up, it also leads to them getting scammed through fake or faulty products tbh. Financial management was never easy cause if it was, then hell wives wouldn't even need to hold on to the money of their husbands.
Not to mention the possible changes in the economy that leads to the change in the value of money which reaaalllyy leads to managing finances a pain in the ass. Not to mention that the salary even stays the same even though the prices of products increased overall.
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Most of the difference probably came from the source of funds I have. or managing my finance or something. I used to take a bit of funds out of my salary every payday and well, that went poof atm. I'm trying my luck with online platforms that pay you such as Fiverr and Swagbucks and well, this made the time I used to go gamble lessen quite a bit. It wouldn't be that much of a problem if I actually played on physical casinos but sadly I'm one of the online gambling casino users out there and hell that made me quite unaffected in terms of leaving the house.
Still though, kinda glad it did happen like me using Fiverr and the like, especially Fiverr. Guess that with me gambling I can also do something to hone my talent which is pretty convenient imo.
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No. All scam coins maybe, but sht coins? Nah. It's like how gold only shines if there's bronze or something you know? A genius shines if there are people below average around him. We all realize and value BTC because we all know how it is above in overall quality because of the existence of comparison towards other coins. It isn't even a matter of having a centralized notion that manages cryptos, it's all about a natural flow of nature or something similar. Besides, the existence of other cryptos besides the first one is a compliment instead. It gives us the idea that cryptocurrency is actually a good concept, hence the reason for most coins existence out there, they want to jump in the bandwagon called cryptocurrency because they know it's good.
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Risk management is in the end just being prepared tbh. Even if you take the risk of going all in, it can still be called risk management as long as you actually had a plan and a reason for doing that instead of just going yolo. If you were the standard trader ofc you'd create a risk management plan for yourself. But some traders could go on without one since their plans itself are somehow preventing the worst that could happen, that is based on their plans. Risk management in the end just limits your losses while profiting slowly and is quite nice, but on the other hand, taking risks is also one option as long as you have a plan to cut your losses when it exceeds a certain margin.
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