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521  Economy / Gambling discussion / Re: Are no KYC casinos taking risks? on: October 26, 2023, 06:59:31 AM
I think a casino not regulated by AML is a red flag already. AML regulations are there for a reason and that is to keep an eye on transactions and prevent illegal activities, such as money laundering. It is crucial for monitoring financial transactions and ensuring that illegal activities are prevented so as you say, without proper regulations, casinos could potentially operate without oversight and it can lead to various risks especially to customers. If they bypass KYC too, rhere must be something illegal going on.  It is possible but it should be taken lightly both by the customers annd the regulators and everyone in the industry too.
Red flag immediately? But a lot of new casinos I see are like that. Maybe there's also a requirement to apply for AML like a casino needs to have a good number of active players first? I believe that casinos that don't have an AML policy are not primarily created to help the fraudsters but they are only here for business.

Many gamblers loves them because they hate KYC. Also there is no guarantees that KYC-enabled casino can filter the frauds effectively. Money launderers are only doing their thing. There is no way they can harm other innocent users. It was the hacker is the ones we should worry but any casino can prevent them as long as they will only tighten their security. I don't mean KYC/AML there.
522  Alternate cryptocurrencies / Speculation (Altcoins) / Re: next bitcoin? on: October 24, 2023, 07:15:24 PM
I am a high school student. I learned about Bitcoin, but it's too late. I was so young. Because I was 4 years old in 2009. But as history tells us, bitcoin killer will emerge one day. I want to find out such coin, but I don't have enought knowledge and ability to do that.. I want to ask the smart people here. Is there a coin that is similar to Bitcoin now? something that is perfectly decentralized. I want to invest there. If there's a coin you're making, is fine too. Just let me know. I hope this post becomes a legend.
Forget about the next bitcoin, because at least to me you do not even have what is necessary to invest in bitcoin, by trying to find a coin with the same potential you are simply showing your inexperience and your lack of knowledge about this market, because even if we were to assume such a project can be created and it can appear relatively soon, I can assure you that it will not be a cryptocurrency, instead it will have to be a revolutionary concept no one has ever been able to create before, just as bitcoin was back in the day.
Yeah he needs to do that because there is no such thing as next BTC. Even next ETH there isn't too. It's been a long time already. There are coins who confidently say they are like that but they are only joking. Look where are they now? Dead. For those who plan on creating a coin and have the same vision, I suggest to not do it as it's like it has a curse and you guys are only destined to fail easily.

What actually is needed to invest in BTC? BTC isn't hard to understand and as long as we have some money, we can use it and get started. And so what if he is inexperienced? I think there is no problem with that. BTC might only be a concept before but Satoshi made it possible, but again I don't think such perfect model can be replicated for the second time around.
523  Economy / Trading Discussion / Re: Do you still advised more buy and store? on: October 24, 2023, 06:39:32 PM
Definitely you should always divide your earnings proportionately and invest some portion of it in some sort of investments. It will be completely foolish decision if you put all your earnings in investments and don’t have any money for the monthly expenses or emergency funds.
Now regarding OP’s question, then definitely if the coin has potential, like BTC and ETH, then definitely you should accumulate it in the regular basis and hold it. You will definitely make tons of profits during the bull season, if you buy from now on.
If we invest all the income we have then we will not be able to meet the daily needs we need and to get investment profits we need to wait some time to get a profit. Using some of our income to invest, I think this is a good thing to do to be able to get additional income from the investments we make. You are right that buying it regularly will be very good for making profits and we have to be patient in waiting for that time.
Yeah that was crazy but did you know there are families before who gamble it all ( their house, car, and everything ) to Bitcoin?  And decided to move in the wilderness to live. That was long time ago and they are lucky if they survived because BTC did jump a couple of years before.

Imagine if they sold all during it? They can always replace all that stuffs that they lost/sold brand new. That is not a good example of course. Cryptocurrencies such as Bitcoin should only be treated as a side hustle to get additional income because they are too unpredictable. We don't know if when they will pump and what if they won't pump anymore? We will only get doomed.
524  Economy / Gambling discussion / Re: ICC WORLD CUP 2023 ACTUAL DISCUSSION THREAD! on: October 23, 2023, 06:56:31 PM
Why did Babar Azam remove the pacers and introduce spinnerss? I haven't seen them getting anything out of this wicket. As of now I conclude this will be a close game. The Afganistan batters are utilizing this stupidity from Babar Azam as Afganistan is now increasing their run rate.
I have seen spinners do quite well on this pitch in past matches. Perhaps this is why Babar Azam used his spinners. But Pakistan does not get good performance from spinners. I certainly don't blame Babar's captaincy.
Pakistan could have given 300+ target in today's match. A target of 283 runs was not enough. Pakistan's batsmen cannot do well enough. The performance of their top order players was quite slow.
We are seeing Pakistan's very bad fielding in today's match as well. If not for the bad fielding they could have saved 20/30 more runs and it would have been more difficult for Afghanistan to win the match. Afghanistan now need 30 runs from 30 balls. As both the batsmen at the crease are playing very well, they will easily collect 30 runs in 30 balls.
After having two wins now Pakistan having three loses which are clearly indicating their weaknesses with Pakistan batting is not able to perform against quality spin, and they also have no quality spinners which can restrict opponents and their fast bowlers having just speed not depth which was their trade-mark in history and their strategy is also not working which is surely the biggest concern right now they are probably out of this event, but we can expect something surprising as well.

Today I watch this match and really surprise with the work and performance of the Afghanistan which was really well organized and done good job throughout match specially their tactics were impressive as they play with their four spinners which clearly give them good benefit against team like Pakistan 283 was not good target on this track with their early poor batting give them big setback.
525  Bitcoin / Bitcoin Discussion / Re: What do you think? Selling all or not on: October 23, 2023, 06:10:05 PM
If you don't have confidence in the asset you're holding, don't waste time prolonging it; you should sell it now. It's that simple to do. If you are just holding your crypto or bitcoin assets long-term without knowing the reason because you just heard from your acquaintances, I think you should sell them.

But if you believe that it can provide you with the time or during the bull run or halving, there is no reason for you to sell it now; continue believing that it will provide you with a good profit in the future. Good luck...
The question is whether you should sell or hold during the bull run because many people sell everything they have during the bull run but some prefer to hold some of their assets for the future just in case the prices keep going up or even if they don't, there will be another bull run after some years and one can sell them then. I personally think that not selling your assets when you are getting a good price and getting very good profits isn't a wise decision.

The reason for that is the market is highly unpredictable and we all know that. So, what if you don't sell them and the market crashes within a month or so? That's when you will regret your decision because if you had sold them all, you could buy cheaper now when the market is down. However, there can be positives of holding too, like if the market goes higher than where you might sell them, you would get more profits if you keep holding them.
526  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto analysis: Will the price of Bitcoin go up soon after hitting a low point? on: October 23, 2023, 04:58:50 PM
When we look at Bitcoin's performance, we see some important signs. First, the Relative Strength Index (RSI) is at 45, which is below the middle point of 50. This suggests that people are feeling a bit negative about Bitcoin right now. Another important thing is the 50-day Exponential Moving Average (EMA), which is at $27,200. Bitcoin's current price is lower than this, which means it's in a short-term downward trend.

One interesting thing on the charts is a pattern where Bitcoin's price hit a certain level ($26,900) twice. Now, that level is like a barrier that Bitcoin needs to break through. In the past, when we've seen this kind of pattern, it sometimes means that Bitcoin might start going up if it can break through that barrier. So, right now, Bitcoin seems to be on a downward trend, but if it can pass the $27,200 level, things might change, and it could start going up. Market experts think that Bitcoin might face some challenges in the short term, especially when it reaches $28,000.
I wonder why no one mentioned that this thread doesn't belong to this section because it's an Altcoin Discussion section and this is a Bitcoin speculation thread which should be in the Speculation board and not here.

@OP, please move this thread to the Speculation section, and if you don't know how, please follow these steps:

1. Scroll down to the end of this thread
2. Look at the bottom-left side of the page, you will see two options: move topic | lock topic
3. Click on "move topic"
4. Selection the section where you want to move the topic to, in your case, it should be "Economy -- Speculation"
5. Click on "Move Topic"

Your thread will be moved to the right section.
527  Other / Beginners & Help / Re: If you were to unlearn something about BTC…. on: October 23, 2023, 11:01:43 AM
Have you ever felt having a good knowledge about a certain subject matter on Bitcoin only to start a conversion or thread on the topic and end up discovering the information had lots of mistakes and misconception. How did you really feel about those subject matters and what was your approach towards the observation and correction made by other users on your thread.

While the concept of Bitcoin in general is broad and wide having a good knowledge of certain topic will require constant research and studying some of the concepts will even require experience and user interactivity. Example is the technical aspect of Bitcoin. I will like to discuss this how long do you spend doing research for a particular topic before making your post or do you have a glimpse of the subject matter get a good summary of it and then start a conversation or quality research is done followed by reviews before engaging in  a conversation?
First of all, you don't really need to start a conversation about every subject or matter that you learn about just to discuss it and be sure if the information you have is correct or not because almost every single subject and matter that is commonly known by people has most probably been discussed somewhere already and you can easily find that with a simple search. You should only start a conversation or a thread if you think that the matter hasn't been discussed before.

It basically depends on one's own abilities and how much time and effort it would take to actually grasp the ideas and terminologies used in the technical side of Bitcoin and other cryptocurrencies. Some might be able to learn everything in a matter of days, but for some, it might take months because they are slow learners.
528  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin for everyone? on: October 22, 2023, 08:26:24 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You are not supposed to invest money in Bitcoin that you might need in an emergency after some time which will compel you to sell your Bitcoins at a loss. You are supposed to use money that you can spare for as long as the market might take for it to bring you profits, and there is no specific time for that, it can take a week or a couple of years, it all depends on the conditions of the market and market sentiments and what time of the cycle you are entering the market.

Bitcoin is no scheme but it's obviously not for those who don't have money to spend in it and they are using the money that they actually need in their personal life very soon which will obviously not let them have any patience and they will need to sell before the right time and bear losses for doing so.
529  Economy / Economics / Re: A dog that vomited and then ate the vomit again on: October 22, 2023, 07:20:30 PM
he even said before that even if Bitcoin becomes 25$, he still won't buy it.
Only not in front of the public. We all know that a lot of these big billionaire businessmen are probably buying in chunks anonymously, without letting anyone know about their holdings, only a few might come out and say that they are actually investing in Bitcoin.

why did he still speak negatively about Bitcoin? What is its purpose?
To spread FUD and panic in the community, maybe? I'm not sure but that can be a reason behind that, or maybe because he knows that Bitcoin and cryptocurrencies are always a hot topic and he will get more attention if he talks about them, either in a positive or a negative way.

What do you think?
I think he is secretly investing in Bitcoin and fooling the public with his negative remarks about it. He definitely can't ignore the benefits Bitcoin has to offer to the world of financial technology and to the future of it.
530  Economy / Trading Discussion / Re: You are also like them? on: October 22, 2023, 05:12:11 PM
we can still learn things or gain ideas there. If you are aware that nothing he says makes sense, it is straightforward to only take what will benefit us.
That is only possible if you as a viewer are already aware of what's happening and what the guy is saying, but if you are new in the whole trading thing and don't even have any idea, you will most probably be misguided because the ideas that you might gain from them might not actually be totally accurate and on point, and you might struggle if you follow their signals and suggestions.

Given that it is true that these influencers make trading seem comical, it is fairly simple to avoid doing so. Find a different trader that makes sense to you and has more experience; that's what I'm doing. Why would I waste my time watching someone on YouTube who is aware of the error of his statements? Am I right?
That's definitely the way to go, but yet again, if someone is new in the industry and doesn't have any idea about anything, there is a high chance that they will get the wrong influence. That's why, it's always important that someone who is new uses multiple sources to verify any information they get from any person on any platform including YouTube, Twitter (now X), Facebook, or anywhere else.
531  Other / Beginners & Help / Re: Are arrogant wannabe script kiddies still a problem for Bitcoin? on: October 21, 2023, 07:45:53 PM
I wonder, do these problems actually occur because of a lack of coding experience in developers or because there isn't enough intellect that can be used to think and create flawless systems such as Bitcoin? Satoshi Nakamoto was a genius, the system he created has been proven to be flawless when it comes to security unlike all other blockchains and cryptocurrencies and the securities created by other developers after that, they obviously lack experience, but I think that experience isn't necessarily about their coding skills.

The reason why most hacks and exploits happen is because of mistakes made by the developers or the project teams that eventually cause investors and users to lose their funds, we can take the example of Vitalik Buterin, whose X (formerly Twitter) account got hacked and the hacker stole a lot of money from people misusing that account, but are we supposed to blame X, the platform, for this or the owner of the account? The owner, obviously. That's why, it's actually not always the developers who fail to create good systems, it's the people who ask them to create systems that will basically have flaws later on.
532  Bitcoin / Bitcoin Discussion / Re: What do you think? Selling all or not on: October 21, 2023, 06:18:23 PM
I don't think selling all bitcoin in the bull market is a good idea. Why? Knowing the fact that the next bull price will still come as bitcoin continues to grow, so I don't think selling all my bitcoin in the bull market is the best.
It depends on everyone's personal investment goals and plans they have always had for their assets. Some might prefer selling all when they see that the price is good and they are getting enough profits as per their plan, and some might only sell a portion and keep some hoping for a higher price or maybe for the next bull run.

Everyone is holdle bitcoin in the bear market and planning to sell in the bull market
That's the basic idea; buy low and sell high. So, when the market is down, people tend to buy, and when the market goes back up, they tend to sell to get a profit and repeat the same in the next cycle.

when finally, the bull market  comes should I sell all my bitcoins and prepare to accumulate from afresh in the next bear market again? or should I keep some percentage to continue the accumulation?
Again, it depends on what you have always had in mind. Everyone will have a different plan. If you ask about me, I prefer selling all in the bull run and then accumulating when the market goes down again because I believe it's better to secure the profits from the previous cycle.
533  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Islamic Coin? A Muslim Community Coin 🔥 on: October 21, 2023, 11:23:39 AM
In a time when cryptocurrencies are transforming the financial landscape, a novel digital currency is on the horizon, dedicated to serving the distinct requirements and principles of the worldwide Islamic community.

Islamic Coin (ISLM) and the Haqq Network are at the forefront, charting a course towards financial empowerment, a commitment to Shariah principles, and groundbreaking blockchain technology.

Within this article, we will explore the nuances of Islamic Coin, the Haqq Network, their tokenomics, incorporation of the Cosmos SDK, the significance of Shariah compliance, and much more.
They are pretty much promoting their coin all around as I have seen their ads quite a lot of times on social media but never really studied the project or gave it much attention. I didn't really hear anything interesting about the coin, and the fact that it's specifically targeting only the Muslim audience, this might be a big hurdle in its way to achieving a lot of success because the industry consists of people from all religions and they might not be interested in a project that is targeting a single religion out of all.

However, I guess we will see how the project does once it gets launched and the token starts getting listed in exchanges, or maybe it did already? The altcoin market is getting so saturated lately that it's becoming difficult to actually keep track of every single project coming out these days.
534  Bitcoin / Bitcoin Discussion / Re: CZ's view on Halving on: October 20, 2023, 03:19:10 PM
I posted this on another thread, but it seems more appropriate here.
It seems to be pretty neutral at the moment. But everyone seems to  think that the halving next year will trigger a massive bull rally, and this confuses me.
If everyone already knows about the halving, the wouldn't it be baked in? I seem to be the only one that thinks it ain't gonna make a difference in the price
It's not about what everyone thinks, it's about what they will do when the halving is near or has already happened because it's mostly the actions that affect the market and not the thoughts of people, the thoughts only provoke actions which in return change the dynamics of the market. As soon as people start buying more and selling less, the market will start going up because the demand will keep increasing while the supply will stay limited due to a smaller number of sellers than buyers.

That's why, what you are thinking isn't right, the fact that everyone knows about halving will make the changes more clear and effective, the more people come to know about it, we will have more curiosity and more hope and we all know that when there is hope, people tend to have high expectations and for their expectations, they put in some money as well.
535  Economy / Trading Discussion / Re: Know When to Stop. Lesson for Everyone, Particularly Investors on: October 19, 2023, 07:09:31 PM
Knowing when to stop is also like knowing yourself more. Greedy people often do not achieve success but failure and that is a lesson learned that we must know how to deal with our emotions and much more about controlling our greed. Well, for newbies it seems not easy to know about it but for experienced traders or investors, we probably know when to stop.

 - stop if we already exceed our limits
 - stop if we feel uncomfortable and out of the plan
 - stop if we never understand that market situation
It's not about being a newbie or an experienced trader, it's all about the knowledge that you have and the basic understanding of how a financial market works. I might be a newbie in the cryptocurrency market but maybe I have a lot of experience in another financial market that has a lot of similarities with it and if that is the case, I would understand and know when I need to act and when I should simply keep my hands out of the dirt because it's only going to make them dirty.

A lot of people make the mistake of not acquiring enough knowledge about the market and how things work around, and the disadvantage for them is that they don't have any experience with any other financial market and this is the first time they decided to earn some money through trading because they've been seeing it all around.
536  Economy / Trading Discussion / Re: 16k DOLLARS LOSS IN JUST 1 YEAR on: October 19, 2023, 11:28:50 AM
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.
You trade in the wrong coin and perhaps the confidence caused by the hype in trading is quite dangerous and we are unable to control when there is a decline in the coin. Even if you buy a coin when the price is down, if the coin does not have good fundamental levels or is only influenced by hype then it is not a good decision to get involved in it. I don't trade on the short term because I don't have any special skills, but I prefer to trade when I am truly prepared for all the possibilities that may occur. The mistake is that you don't understand trading but still insist on getting involved in it using a large budget at once and you should trade with a small budget first if you don't have the experience and skills.

The coin chosen must be able to be analyzed for its development because engaging in short-term trading is much more difficult than choosing long-term investments. If you don't have this ability, you should choose a coin that is much more fundamental for trading, so that you can avoid losses like the ones you felt at that time.
He didn't mentioned if what coin he used but maybe he lacked in patience and sell at a loss because he said the coin he picked dumps right after a dump. Coins like this are not always the shit coins but it can also happen to the good coins especially now that we are still in the bear season.

In trading, I think it is possible to control the coin when it's declining but as long as you didn't set a stop loss. Whether we are trading for short or long term, a special skill is still needed because trading is not easy. He didn't use large budget at once but he only start with 1k dollars. The amount was still huge for the most of us poor but maybe not really for him knowing that he is only a trainee that time.
537  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If I have 1BTC So how did I use to invest in different Coins on: October 19, 2023, 10:44:09 AM
I usually Invest a very small amount of bitcoin to another coin because I know this time is very crucial to invest in any new coin or even in an old coin.
Any suggestion from your side which is good for long term
You have admitted to only using small amount of bitcoin to another altcoin and now you are asking for a whole bitcoin?
if you have been putting that amount to altcoin then what is the difference if you have a whole one?

But diversification is the best mate, divided that bitcoin into 10 or more and segregate
into different coins.
the more you choose is the safer you can get in the future.

but remember that only buy the coins you trusted so no matter what comes , you will never regret your decisions.
Diversification is good but it doesn't mean that a person should convert all the Bitcoins they have into altcoins no matter how good or safe those altcoins are. Bitcoin will always remain the best cryptocurrency in the market and one should keep the highest percentage of their capital in Bitcoin and only use a portion of it for other alternative cryptocurrencies that they think have the potential to provide them with good returns over a certain period of time.

So, it's not wise to convert the whole Bitcoin into altcoins if that's the only one you have, I would never recommend that. Instead, one should maybe convert about 25% of it into liquid stable coins and then buy some of the most trusted altcoins with it such as ETH, LTC, and maybe BNB as it also has great potential.
538  Economy / Economics / Re: In times of war, Gold rises. What about Bitcoin? on: October 18, 2023, 05:23:49 PM
Gold is as old as man and has gained more publicity and recognition than Bitcoin. Bitcoin is just a new invention and many people have not heard or understood how it works. An average man on the street knows the worth of gold and sees it as a safe haven in doomsday-like scenarios. But many people are not technologically inclined so they prefer to stay clear from such presumed complicated investments.  
Or you can instead say that gold is older than in Bitcoin. But, BTC isn't a new invention because it existed I think for 14 years already. Many people already know and use it but maybe many of them are still not involved with it for different reasons. If those average people on the street also know Bitcoin, I'm sure they will now prefer it more than gold, for the fact that BTC is digital.

Even though they panic and their house got destroyed, they still can access their BTC later on but this may not always be the case with the gold because they are too bulky. Gold can rise and so as Bitcoin. In fact, BTC despite being newer than it, it value already surpassed it. And there are still more to come with it later on.
539  Economy / Speculation / Re: Bitcoin ETF Approval: Fueling Bullish Momentum? on: October 18, 2023, 03:53:14 PM
When someone trusts that source, he gets exactly what he was looking for, which is fake news or a poorly written article. It seems to me that someone from that team did it on purpose and made good money, and all that nonsense about the investigation is only for naive people who believe in fairy tales.

I think Cointelegraph is not like this on the past so maybe it is true that some of their team members are only messing up with their operations. Therefore the investigation that they said could be sincere. They need to catch that untrusted member and fire it up immediately in order to protect the reputation of the company. Most fairy tales might be fictional but I still believe that a happy ending can happen here.

If it happens that the SEC approves such an ETF for anyone, be sure that you won't read it first on some third-rate portal that doesn't know how to produce anything other than clickbait titles.

But, how do we know if SEC approves an ETF? Most of the times the only way for us to know the latest crypto news is by browsing crypto news sites. But one thing is for sure, and that is we will now double check things first before we believe on them.
540  Other / Beginners & Help / Re: A fun way to learn "How bitcoin works" on: October 18, 2023, 01:54:49 PM
at the start, a newbie would easily notice and can point out that, banks don't take 7 to 10 business days to send money from one country to another, even though they say those numbers, but they send it very fast. Even in the current era, we can send money from one world to another using banking apps within minutes.
That's only the case if you are sending a small amount, and you can't send money from your local banking app to an international account, they don't have such features and you need to go to the bank to get that done, and when that is required, you won't get it done in a few minutes, there is a lot of paperwork and stuff that you need to go through if you are sending a large some that too in another country.

BTC might not help us here, because in order to use BTC, the receiving party must agree with it, if they are not accepting BTC as a payment method then we cannot do anything.
That's an obvious thing, you will surely need to first confirm if the receiving party is okay with receiving Bitcoin, and if they don't already know much about it, you might need to explain a few things to them like how they can receive it and how they can convert those Bitcoins to their local currency. One should at least be able to do that.
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