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5241  Other / Beginners & Help / Re: How do you know when to sell on: March 03, 2020, 01:29:31 AM
Buy low sell high. Isn't that the entire concept of trading? Still, if you're planning to go for day trading, that involves difficulties since, well, you take what you can take. You take a point where you need to exit the market, two of them tbf. One is when the price drops to a certain point that any more would result in losses you can't take, and the other would be when you've achieved the profit you've wanted. The first is pretty easy to set, since well, you're losing after all. The second is the harder one cause greed sometimes gets in the way, so research is your uhh 1/2 answer to that. The other 1/2 would be entirely up to your decision making capability.
5242  Economy / Trading Discussion / Re: What tools are not enough for you to interact with cryptocurrency? on: March 03, 2020, 01:06:43 AM
Probably a trading view where you can freely manipulate the maps so as to make TA's on it? There's also the idea of letting those TA's become some sort of history where each one is saved as a type of history so the user can freely go back to it every now and then. Probably a sort of Notes section as well, where one can add as many as they can while having it sorted out quite well. Could be pretty useful when researching and advancing towards TA's, especially since it's directly connected to the site which you make one making it a lot easier to remember a lot of stuff.
5243  Economy / Gambling discussion / Re: Can writing how hard you worked for earning money restrict you from gambling? on: March 02, 2020, 05:16:17 PM
No. If you have that uncontrollable being down there, I doubt a simple thing like that could stop it. Though it may work on someone else, it entirely depends on how heavy the concept of money is on your mindset after all.

The problem is that, there are people who are lazy enough to not write a diary. Also, many people do not walk the talk they would be able to realize their strive but it could boost them to continue gambling because for them that is an "easier" way of becoming rich, so that they won't again sacrifice just to earn money. These kind of people are dependent and are somewhat addicted to gambling, in which in this case, writing anything won't help them to quit gambling.
It isn't really a matter of lazyiness, just a matter of compatibility. Hell, I wouldn't doubt if someone actually used animals as a way to restrict themselves from gambling. Like how they keep themselves busy with taking care of their pets and the like. There's also a factor of insanity regarding those people whom think of gambling as an "easier" way of earning money. They somehow one way or another have a screw loose in their head imo.
5244  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Safe Haven Asset? on: March 02, 2020, 04:55:18 PM
That's a no for me currently. We all know how volatile the price of BTC is, and you losing money just by holding it doesn't seem well-fitting for the term "safe haven". Additionally, the corona virus has no connection for BTC to be described as a safe haven. It has the potential though, since it has the limited supply that makes its value come to a stand still at a certain point in time. Though it may take a lot of time for that to happen, It still has the potential to, as long as its development is unhindered by some organizations that are set out to stop it from growing.
5245  Economy / Speculation / Re: Bitcoin needs to be in a bull market before the halving on: March 02, 2020, 01:05:22 PM
I don't think we've ever experienced a bearish season though? I believe the drop from $13k earlier this year was just a minor set back, and since then you could see that BTC has moved in a sideways motion indicating a possible investment period for the next big break it could have. As for the current trend of it having a set back from when it started reaching for $20k, I believe that's what you would call a correction? Especially if you look at how it took BTC a month or a month and a half to move from $8k to $10k.

bullrun is over, and Bitcoin won't be able to reach $ 10000 resistance anymore, this is just my assumption, because right now Bitcoin has failed to penetrate resistance plus the world is being attacked by the corona virus disaster, making the prices of all markets decline, this also has an impact on bitcoin, but for altcoin seems to still have a chance to go back up
The virus has again no impact on the price of BTC. Fear? Might be, but I believe they have no reason to sell their coins all because of a virus, one which can't even reach those said coins. As for the bullrun, well, if you looked at it from a wider perspective, I suppose you can look at it NOT being over. Look at how it compared it from the previous halvings, so why not start the comparison of a bullrun from when the last bubble (which was caused by the halving) popped?
5246  Economy / Trading Discussion / Re: Copy trade - New trend of cryptocurrency exchanges? on: March 02, 2020, 12:51:38 PM
Answer to first question, Hell no. Copy trading has been a thing for quite a while already. Idk which cave you actually came out from to not even know that. Answer to the second, well, technically it doesn't help them in terms of learning how to trade. Nvm, there actually isn't any type or form of learning happening with copy trading, just like how Copying the answers of your friends in assignments and exams in school doesn't give out a learning vibe. Although, it does give them a higher chance of earning money compared to when they do it themselves, but it still depends on who you actually copy from.
5247  Economy / Speculation / Re: Does the Coronavirus (Covid-19) make BTC to rise? on: March 01, 2020, 03:36:12 PM
Uhhh, BTC is pretty fine imo. I mean , if we took a look at the market, it was a full month of BTC reaching from $7k to $10k. Without any kind of retaliation, I really doubt the push would have been natural. You could say it's a correction of sorts, one that well, pushed BTC back quite a bit. Still, we're still relatively well tbh. 3 months in an we have an increase of $1.5k from the start, pretty good if I do say so myself .

We live in an global market, with huge supply chains from a lot of countries to and from China / Asia / Singapore.
Those supply chains come under pressure, due to this virus and the measurements that are taking by countries to combat it.

The rest of the world is still playing catch up with this virus, which could bring even more supply chains in danger.
That is why its affecting the markets so much, several major tech companies are already bringing down their profit expectations due to this virus and their supply chains it
threatens. Just look at Apple who now face problems manufacturing its Iphones in China, possibly having to delay the launch of its new Iphone models.

Other companies are in the process of relocating from China to other countries, but are still relying on sub parts coming from China.
It will take a lot of time to create new supply chains.
Isn't that the point why the fear is unwarranted? Especially if you look at how most of the stock market is based on the US, and how Bitcoin is a crypto, a place entirely unaffected by the virus. Even if we say the miners are affected, like look, miners are technically just machines, so why the huge effect? It's more about feat instead of anything else. Yes, the economy was hit, but only on a scale where those with physical interactions are mostly affected. There's also the fact that most news regarding the market and the virus is over the top, so yea.
5248  Other / Beginners & Help / Re: Trading And Investor on: March 01, 2020, 02:49:06 PM
1.) It is what it says. Literally that. Though Investment is a term coined more for long term ones so yea.
2.) Yes. Fundamentally, that's what trading means.
3.) It means, the token is backed by a company or a decentralized system and is acknowledged to be released for the usage of the public.
4.) There's no perfect being for any matter at that. We all take losses.
5.) DYOR. And instinct, gut and luck. But mostly luck tbh. Especially when it comes to projects you're not even sure what it's about.
6.) Uhh doing what? Trading? Investing? Spend what you can lose, dyor, check prices often, etc etc. The standard generic answers tbh. Don't fear, don't greed, don't FOMO and what not.
5249  Economy / Economics / Re: I have Good news for bitcoiners on: March 01, 2020, 02:25:33 PM

Will this really happen?
No. End of story. Ngl, anyone who watches the market shouldn't really be trusted. Even with the countless TA's they give out, just go for what you want to do lmao. And this one didn't even provide any proof, why bother believing?

Additionally, I believe a growth towards $300k would take decades, maybe even a century, but certainly not a year. It's a process of testing on how much the populace would be willing to HODL and let the price increase and increase until a certain point where they start selling their coins to profit. Though I doubt it would come to that point. BTC is supposed to be a decentralized form of fiat, so with it's possible adoption as a medium in the near future, I doubt the market would continuously accept an ever changing market. It'd probably stop at one point where the only increment/decrement it receives is +-$1k
5250  Economy / Economics / Re: Can corona virus or any other epidemic disease can collapse Banking? on: March 01, 2020, 08:42:27 AM
The economy would naturally be affected. Just the fear of a virus spreading around the globe giving deaths to various countries is enough to affect the economy of a country. Just look at how China has become.

https://www.nytimes.com/2020/02/17/business/china-coronavirus-economy.html

As seen clearly on the article, factories have closed down and those that are open or are trying to open are struggling to cope with the fear the virus has spread over the world. In this case though, what has caused the collapse of the economy of other countries is Fear, not the virus itself.

The media has spread news of the virus, most of which contain over the top reactions and comments regarding it. Some even give misleading headlines and some of the people who see them immediately share without even bothering to read the contents. Not to say that safety isn't important, but understanding the current events properly is a pre requisite to determining the proper way of sharing information with regards to the safety of others.
5251  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin is used in direct value. on: March 01, 2020, 07:07:29 AM
Uhh, I'm pretty sure most would like this? Just that the "most" I'm talking about are those that belong to the cryptoscene. Like dude, if you think about it in the perspective of various companies, Why would you implement a system that only a minority of your customers would use? If the amount probably went around above 30% or so, companies would start implementing crypto payments ( and I mean, some already have), but if there's less than that, the funds used to manage the system would just probably go to waste tbh.

Sides, if you also compare it to other currencies, hell I'm much more bent on using my country's own currency. If we did do as what you'd like, it'd still turn into a conversion matter no? Like from local currency to BTC, or maybe even local currency to USD to BTC kinda issue. Why bother adding additional procedures when you can just straight up use what you have right?
5252  Economy / Speculation / Re: Here is why the market is still bearish (nothing to do with the Corona virus) on: March 01, 2020, 06:17:26 AM
Resistance resistance blah blah. TA's keep indicating resistance levels to be broken through before going down a trend and yet once that level has been broken, they start again with the " but oh, the resistance level of $XXXX need to be broken as well before the trend". Endless cycle tbh. And they wouldn't even suffer since if it did break, they'd just say that A trend is coming, and if a trend didn't come, they'd just go back to "it failed to break through the resistance" again and again.

downtrend of 7 months? hmm where? I'm pretty sure September started with $7k and considering the $8k we have right now, I'm pretty sure there's no downtrend what so ever. The downtrend was when the price hit $14k then went down to the $7k, but currently bearish factors have already stopped and if you look at it in a wide perspective, you could say that it's just a sideways movement with a span of 3-4 months.
5253  Economy / Speculation / Re: How will the Halving affect the BTC price? on: March 01, 2020, 05:15:17 AM
Iirc, the ones to be most affected by the halving would be the Miners. Halving means the rewards they get from mining gets halved, but the processing power they use would still be the same so it isn't in a balance anymore. Plus, the supply is directly linked to it so it takes more processing power after than halving compared to before the halving in mining a single block, thereby making the costs to performance to rewards ratio different compared to the past. If we were to see it as 1:1:1 in the past, the after halving would be 1:1.5:0.5 or something similar. Not particularly sure about the specifics of it though.
5254  Bitcoin / Bitcoin Discussion / Re: Ways in which you can promote bitcoin. on: February 29, 2020, 01:01:43 PM
Im not pushing you down or anything, but using your youtube channel as a medium to promote BTC isn't effective enough compared to just wearing a BTC tshirt then going outside.  Let's be honest, those 15 views? Majority if not all actually came from the people who visited your post and opened the vid. That's it. It isn't even promotion at this point. Why? Because people who know it are the only ones who have seen it. A much effective way to promote BTC would probably be posting the vid in facebook, though still not as effective as wearing a BTC themed shirt.

Still, nice vid. Probably create a bitcoin themed game (if you can, or if you can't, ask some programmers for help while you do the UI/front end) and post in in google play store. Probably better.
5255  Economy / Trading Discussion / Re: A long journey taken short - first and last journal entry of a failed trader. on: February 29, 2020, 12:01:24 PM
Welp, you reap what you sow? It's amazing how you accepted that you lost your trades because of your impulsiveness though. That's already one step forward towards changing for the better. Still, you made one fatal mistake before entering the market. You invested money you couldn't afford to lose. You even made yourself in debt because of it. Yes, BTC has great prospects and gives a lot of opportunities to profit a lot, but really, you don't need to rush it. You can take your time with it with the money you CAN lose.

Still, nice try in trading mate, good luck with whatever you're going to do now. I hope the losses you experienced from here can be avoided in your next venture to wherever.
5256  Economy / Gambling discussion / Re: Do you have an idea in percentage how big gambling industry's contribution? on: February 29, 2020, 11:31:13 AM
uhm contribution? I'm pretty sure gambling just takes advantage of the medium or existence of BTC/cryptocurrency as a way to invite more gamblers to play in their sites and the likes. Still, it isn't like the adoption of crypto to gambling had 0 effect on the market. It'd be more like a mutual cooperation between the two, where usage of Crypto widens the accepted users of the gambling industry, and the existence of crypto itself is spread through the various casinos/gambling sites made for them.

Still, if we were to compare it to contribution made to the attention BTC has, it would be less than 30%, maybe even lower. Vast majority of the attention BTC has was obtained through the market boom of 2017, as well as its usage of a decentralized system. The concept of it being used in gambling is nothing more but an additional feature imo.
5257  Economy / Service Discussion / Re: What's the cheapest way to pay and receive BTC in my local business? on: February 29, 2020, 08:20:06 AM
Does it need to be in crypto? Not to rain on your parade but it IS a local business. I doubt you'd have enough traffic if you only accept BTC/altcoins as payment. And even if it was an alternative, I see no need to do so. If you were a franchise that operates around the globe, possibly, since most ways of payments through virtual wallets have an option of paying through BTC.

Though if you really want to implement your plan, check out Coinbase commerce, bitpay, circle pay and coinomi. Idrk which one of them is cheaper than the other, but in terms of reputation, they should fit the criteria of trustworthiness. If you still need more, just ask google tbh. Then if you found one, come back here and ask for opinions of others who could have possible used it.
5258  Economy / Scam Accusations / Re: coinmixer.es FRAUD. reward for those who can help recover stolen BTC on: February 29, 2020, 07:22:40 AM
Give up. Unlike transactions made in banks or what not, there isn't any leading authority over transactions of BTC. Basically, once a coin has been sent, there's 0 chance for the coins to come back due to a third party interfering. The most you can do is spread news about the site as a scam, though it is long been understood that coinmixer.es was a scam site, you just didn't have enough info regarding it when you started using it.

Even having knowledge of everything about blockchain wouldn't help you. In fact, having knowledge of how it works makes it even more apparent that it is impossible for your coins to be retrieved.
5259  Other / Meta / Re: How can I increase my merit? on: February 29, 2020, 05:53:03 AM
Just read, answer, create topics and the like. It's a very general answer yes, but that's really the only thing needed to get merits. No amount of "guides" could help you earn them. Why? Because it's all entirely dependent on how you face the topics and threads you participate in. Just like how English is naturally built up over time, knowledge, as well as proper formats of replying and posting (so that you aren't a bother to the rest of the members of the forum), takes time, so well, just spend a few hours in the forum participating and reading.

There's also the factor of you taking in experience from just reading like learning grammar based on various answers made, learning proper formats, learning how and when to quote and the like. Though simpl answering the question you asked, well, it's time.
5260  Economy / Gambling discussion / Re: Have you tried explaining provable fairness to old-school gamblers? on: February 29, 2020, 05:34:19 AM
Provably fair is kind of hard to explain to old-school gamblers, one of which is because it is normally unseen by the naked eye. Not only that, gamblers often pick whatever casinos/sites they play on based on reputation/popularity. Probably because the more players there are in a certain casino/gambling site, the more trustworthy the system is the fewer the chances of them being cheated.

There's only a small population really. Gamblers who take the time to look into the inner workings of a virtual casino and the like. Most of the time, gamblers just look up in google "top 10  bla bla bla" and they use whatever comes up. There's also the difficulty of sending the message of HOW provably fair works, cause some mindsets work like " if you know how it works, then why can't you win?" kind of thing.
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