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541  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: October 09, 2023, 06:56:24 PM
Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.
That's not what everyone does, it's just some people that spend everything they earn and don't keep anything for the future or make any investments to make their and their family's future secure, or maybe they don't have a family to think of and that is the reason why they are free of all sorts of tensions about the future and everything. However, one should still at least have some savings or make some investments for their future because it doesn't take much time for things to escalate.

I don't consider enjoying life a bad thing, and I also believe that one should live to the fullest if one can afford to do so, but that doesn't mean that one should forget about the future, what if they don't earn that much in the coming months and then need some money? They will be in a lot of trouble if they haven't saved anything by that time.
542  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the future of cryptocurrency?? on: October 08, 2023, 06:33:49 PM
Let me know!
in my opinion, there will be many companies that accept cryptocurrency as a payment and of course cryptocurrency will also become a legal currency, but of course in the future regulations regarding cryptocurrency will become more numerous and stricter, so there will only be a few cryptocurrency that can survive and I only recommend you to investing in Bitcoin for the long-term investment (safer and will definitely survive in the future).
In fact, what you are saying is already happening. What can happen later on is only an addition. When it comes to crypto being a legal currency or a legal tender, there are only a few countries who does that now. This is where the people are excited at. Let see if it's possible that many countries will join the union. As for the regulation, this is true. A lot of them are now happening.

I think the impact isn't totally bad because some people thinks they are now more secure than ever. Only those cryptos that can be affected mostly by it are the privacy coins but I wouldn't worry since their numbers are only less. BTC is the best crypto so far but let's admit it, we can't see the future and we don't know if it can continue like this forever.
543  Economy / Speculation / Re: Even Seasoned Analysts Can Get it Wrong on: October 08, 2023, 05:59:42 PM
~snip~
my guess is we are close to fall of of 2015 which means a sharp upstake of around 30% over the next 30 days.!
That would be a very nice jump to about $35k+ from the current price, so even though nothing is impossible when it comes to BTC, somehow it seems to me that without some super good news, something like that is not really realistic to expect. I remember 2015 and the price of BTC, which was just a little over $200 that year (at least for a good part of the year), and that 30% then and today is not even close to the same.

Given that we have been between $25k and $30k for a long time, every jump in price results in increased sales, considering that everyone is looking for any profit, and we saw that a few days ago when we crossed $28k and quickly went back.
News is only one factor that can affect the price. Other factors can still occur so we shouldn't lose our hope. Past is past as they say. Even though same past price can repeat sometimes, there will be a time where it doesn't. So, we shouldn't fully rely on patterns but we should also create different strategies or back-ups so that we can still be able to profit once the other fails. Price moves based on the demand and supply.

Obviously when the price rise, the sale also increases. Everyone who invest in BTC wants to earn a profit but not all are selling early. The price dump last time can be caused by other factors and not really because the majority is selling for profit.
544  Economy / Trading Discussion / Re: Is a 20% Annual Return good ? on: October 08, 2023, 05:23:14 PM
What if your predictive model doesn't go as you expected if your historical data doesn't match up with the current data, have thought of what will happen as we progress? What if bull run never comes as we approach halving? Have you tested it? I would love your swift answer because it is even better for you to test your model before even making assumptions on the 20% annual tool, you should consider what will happened if this doesn't go as plan, the back up plan except you want people to come after you if it doesn't go as plan.

Another thing is, when I see any return on investment that exceed 5% in crypto is nothing but hype that is scam or will definitely end up as scam, if 20% is a good return, why don't you improve the model and make it work for only you, if you can prove that your model works in trading, there are plenty of loans to push the project to where objective and aims tell you to achieve.

I will tell you for free, 20% is too high.  Shocked
Yes, he should have created a back up plan because in cryptos, everything here is unexpected even though 20 percent looks realistic for an annual or yearly return, especially if the strategy is a good one. Some past price movements may not repeat again but when it comes to the halving I think it is always followed or there will always be a bull run that can happen after it.

5 percent is much lower than in 20 but it all depends on the source of the signals or strategies that we are getting because a scam can happen no matter what is the values they are presenting. If he can't prove the credibility of this model, then I doubt even he himself will try it.
545  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: I lost my money due to an exchange error (I think) on: October 07, 2023, 08:15:01 PM
If this really ends up in loss of funds, sorry man. Meanwhile, just because it doesn’t show up in 90 mins doesnt meant that it’s lost. Sometimes these exchanges face network congestion where there are many transactions and their network gets slow. I’m not saying this is the case for you but it could be… Also, for example, a platform like Binance, they try to have the same address for a lot of blockchain (what if you weren’t wrong and the address you used can be used to receive a lot more currencies?). you’ll never know what actually happened until you reach out to support, so do so.
I think 90 minutes were actually long for USDT transactions, most especially for Arbitrum when the network is new and seems fast enough than the majority. Your explanation about the same address for a lot of Blockchain seems right because the OP also said that the address are the same to the BSC network.

I already encountered this even in some Ethereum coins/tokens, and Tron. So, maybe you are also right that there is only a delay or it's only a co-incidence that the exchange had some issues but it's scary on the part of the OP. To be more sure, he can also follow your advice of contacting the customer support. Rest assured that everything is fine in his side.
546  Bitcoin / Bitcoin Discussion / Re: Today in history: The first recorded Bitcoin exchange went live on: October 07, 2023, 07:22:04 PM
Not that I am interested very much with that exchange but I have a question, Is it still running up until now?. If it is then I think that's the oldest and running exchange until now just like freebitco.in. I don't know about their forum account though but as I have seen it where it is already inactive for a long time which is on december 5, 2012. So many things have happened in Bitcoin history like the price before compared to price today.
It is actually very interesting, in a sense that it was the first Bitcoin exchange. This deserves a lot of recognition and credits because without it, I don't think we can get what we have now. I searched the name of the exchange in Google and I clicked their domain name.

I was surprised that it was still accessible and they added some functions there including the NFT's. Here: https://newlibertystandard.io/exchange is the link BTW to the exchange. I noticed that the rates are still the same as what is seen here in the OP. Maybe we can try to contact them on their provided email and purchase a thousand of BTC for 1 dollar? Cheesy. You mentioned Freebitco there, but they are not an exchange. Rather they are just a faucet with some added gambling on the side. They aren't also the first in this category.
547  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: October 07, 2023, 04:03:23 PM
It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.
We can never tell for sure when Bitcoin will "hit the bottom". That's because the crypto market is widely unpredictable. Too much volatility = too much risk. If you get in now, it's likely prices will further decline due to "bearish pressure". Or the opposite could happen where BTC goes all the way to the moon in an instant.

Regardless of what happens with Bitcoin's price in the future, I know for certain that the cryptocurrency won't be going anywhere soon. That's because of its tried-and-tested Blockchain network with decentralization in mind. If BTC got this far, it's likely it will last for generations. Just use it as a currency and forget about the rest. Wink
One can't really forget about the rest even if they are using it only as a currency because you will surely be worried if you see that your wealth is decreasing over time because that is what happens when Bitcoin's price starts going down, if you have $20,000 worth of Bitcoins when its priced $30,000, you will have $10,000 if it drops to $15,000 and that is obviously something to be worried about if you are using your Bitcoins as a currency.

So, volatility will always affect you whether you are using Bitcoin for an investment or as a currency for paying for goods and services in the real world, and one can't be tension-free as long as Bitcoin is going down, they might be able to forget about it if it continues to go up but that won't happen forever.
548  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: October 06, 2023, 07:19:04 PM
After a draw against a bottom team and also a heavy defeat in the Champions League, PSG will face Rennes on Sunday. This is not an easy match for PSG after two unpleasant results, especially in the last two meetings PSG lost to Rennes.
Looking at the odds on this betting market, it will be a very interesting match because both have the chance to win, especially Rennes who will benefit from playing as the home team.
Luiz Enrique must find a way to lift his team back to a better condition if they want to continue to maintain their chances of being title contenders, if they only get a draw it will only increase criticism of him and doubts that PSG can defend the Ligue 1 title this season.
No doubt PSG having one of the worst start of this season with three draws and one defeat from their first seven matches and only 12 points which keeping them at fifth spot but their recent humiliating defeat against Newcastle United create more problems for them and with this look like they need to change their strategy because if they keep going like this surely things could be can go into the worst way for them now they are going to face Rennes which is having no defeat in last seven games and at home they are giving impressive result but still PSG can steal the show and have good start after this big defeat because if they are not able to do these things could be in wrong way for them Mbappé performance is also going down with few new players are also not able to give their best as it's needed.
549  Bitcoin / Bitcoin Discussion / Re: A matter of family conflict regarding Bitcoin. on: October 05, 2023, 07:48:35 PM
There are several options for resolving the dispute over investments in bitcoin:
- don't tell anyone about your BTC-investments until a certain point, even your wife or husband, in order to avoid influencing your investment strategy and the emergence of conflict situations due to the right moment of sale bitcoin.
- exchange your wife or husband for a person who will not interfere in your affairs with bitcoin, at least until you get rich and your beloved half wants to take half from you.Smiley

People will always blame anything but themselves for their problems. This time the accusation went to the bitcoin.
The problems blamed on others is the one thing I try to avoid in my own persona life. Even if it's obvious that I am not the one who did something wrong, I could still end up trying to figure out a way that I could live without needing something major, like even if someone else did something wrong to me, I could still sit down and think about why that happened, it doesn't have to be me that made the mistake, I could still find a reason why I couldn't avoid others making a mistake to me.

In this case, the investor should have been smarter about it, if you have a bad marraige and you want to hide your money, bitcoin isn't the way to go with all the KYC we are doing these days, it would come up eventually in divorce proceedings.
550  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you like Meme Coins (Pepes project)? on: October 05, 2023, 06:48:12 PM
I don't like the MEME coins, because most of them cannot live over 5-10 years.
The thing about meme coins is that their lifespan is either very short or very long, but when their lifespan is long (take DOGE as an example), they don't really keep going up all the time because their nature is that they only go up in price if they are hyped by the community and they get a lot of investments which obviously doesn't happen all the time and people only get excited and invest at their initial stages and as soon as they start crashing everyone sell and exit expect for a few who get stuck.

So, you can't really expect a meme coin to live very long if it's not getting any hype, and even if it manages to live long, don't expect it to magically hit another all-time high after the initial hype it might have gotten because meme coins don't have any organic growth just like other normal cryptocurrencies.
551  Economy / Gambling discussion / Re: ICC WORLD CUP 2023 ACTUAL DISCUSSION THREAD! on: October 05, 2023, 04:44:50 PM
The seating arrangement is more than 130k which is why the stadium seems empty. I am watching the match on Hotstar and I can see 44L showing up now. People are crazy about T20 cricket only a few like you and I are the ones who watch ODI. Watching the way England spinners are getting whacked for 4 and 6, I do not agree with your analysis. It is all about captaincy and discipline when it comes to bowling. Might as well say, what a fantastic debut by Ravindra.
Yeah, that's why i said "Obvious reasons". Also, i heard that for this particular opening match. BCCI gave 20k free tickets to women and kids and still, it's not even half full. Tells you a lot about the current situation of cricket. It's an ICC tournament so every board has the responsibility to create hype in their respective countries so that fans can travel and support their teams. We can obviously make a list of why the opening match looking dull.

True, it does look like it. Surely smooth sailing for Kiwis against English spinners.
This was one of the worst start of this world cup because I have feeling mostly understand there is no India involved in this match so having this here is no good deal because even we have 30K fans but still this was looking empty which create big negative impact on this mega event around the globe.

BCCI and ICC needs to understand ground realities and having a match like this in a small ground could also work for them, and surely we have good atmosphere, but they have done poor things which are surely going to have negative impact.

Now tomorrow we are going to have same situation again while Pakistan will play against the Netherlands which is going to be another dull encounter between these two sides even now I have feeling mostly matches without India surely going to have same problem.
552  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: October 04, 2023, 07:42:41 PM
I don't think bayern munich underestimated Copenhagen, but true is that, that is how games do look sometimes. It is not possible that team performances will be at the same level all the time, they will perform sometimes weakly and sometimes very strongly, so I don't think strong teams will be beating all other teams by many goals all the time
Actually, Bayern München did not give 100% to face Copenhagen because the difference in quality of play and experience was an obstacle for Copenhagen to match Bayern München's resistance. If Bayern München wanted, it is possible that they would do what Bayern München did when they met Barcelona who were silenced by a score of 8 -2 last year, so we can see that Bayern München didn't really want to play in that match because they were already certain that they would qualify for the last 16.
Many times we have games like these with big teams struggle against weaker sides to score goals and same happen in this match while Bayern Munich playing against Copenhagen after conceding goal in 56th minute they started their work and then score two goals which give them three points, and now they are having six points from two games.

I watch mostly Bayern Munich have different strategy against every team, so they were playing good against Copenhagen in this game, but tight defence from the host club not allowed them to have any threat to them which is good strategy from them but still at the end things gone in Bayern Munich favor because still they are the most lethal team in UEFA with having best attack.
553  Economy / Gambling discussion / Re: ICC WORLD CUP 2023 ACTUAL DISCUSSION THREAD! on: October 04, 2023, 03:31:56 PM
Heavy rains are predicted in cities such as Kolkata, Bengaluru and Guwahati for the next week or so, and this will definitely have an impact on the group stage matches in the world cup. These are unseasonal rains, but even then the scheduling of the world cup raised a few eyebrows even before the first ball was bowled in the warmup matches. I don't have any concern for the latter stages of the tournament, as the weather conditions are likely to improve from mid-October onwards. But the next 1-2 weeks may witness a lot of rain in India.
The rainy season is almost over but we are still seeing regular rainfall in several countries including India and Bangladesh. When the Asia Cup was held in Sri Lanka, two matches of India and Pakistan were abandoned due to rain, later in the series between Bangladesh and New Zealand we saw the first match abandoned due to rain and then the World Cup preparatory matches were abandoned due to rain. The Indian states of West Bengal, where the games are scheduled to take place, have the highest chance of rain. The beauty of this tournament would have been enhanced if the entire season had been rain-free. I don't like the results that the ICC determines in the law of rain.
Subcontinent is currently under serious raining weather and this all happening just because of climate change which is having too many changes around the globe, but we are serious under big threats just because of this currently even we have no raining season, but rains are hurting badly in this region floods and other problems are killing many and also creating problems for millions as well.

Hopefully we will have no too many interruptions in this World Cup like we have in Asia Cup but nothing is sure how things will be manageable because if we have rains then surely media can face huge loses and with this all many other problems are also can happen.

ICC can't do anything with this all because weather is not under any control, but they already have rules for this rains interrupted matches which will work in case of any interruption.
554  Economy / Gambling discussion / Re: Can money be saved in gambling sites? on: October 03, 2023, 01:25:01 PM
The only thing I don't get, OP, is why you invest money into gambling.
I don't think he mentioned anything about investing in a casino, he is just talking about keeping the money in a casino which is a totally different thing. Casinos these days don't even provide investment opportunities, it was old times when casinos used to accept investments for their bankrolls.

Isn't it preferable to invest in a renowned exchange like Binance than in gambling, even if the casino is trustworthy?
That requires knowledge and experience about trading and the cryptocurrency market, Binance is an exchange and not an investment platform, one can do trading there if they have knowledge about trading and the market.

To be honest, gambling is not a good way to hide money unless you leave something behind to gamble with the next time you play, so using it as a storage wallet or bank is not a good idea in my opinion, and this is just my perspective.
That's true, no platform is a good place for keeping your money, there are wallets for that purpose and people should use them instead of keeping their assets under so much risk.
555  Economy / Speculation / Re: Will there be a boom again? on: October 03, 2023, 08:50:51 AM
The boom market every bitcoin holders expects is to see the market rising, secondly is to see a continuous adoption in bitcoin and thirdly is in seing bitcoin making a new all time high after every successful halving event, these are the things every investors will always look after because they wanted to be sure that bitcoin market remains as they have always expected it to be, this alone is a boom on itself, because bitcoin investment remain ever reliable and trusted, which could also mean there will ever be a ready market for bitcoin because of its value and consistency.
I'm not sure if I understood everything that you said but it's true that investors expect the market to rise either in the short-term or in the long-term because why else would someone make an investment? As an investor, you would only choose a market to invest your money in where you expect to get some returns after a specific period of time that you might have in mind when making the investment, and that is the case with Bitcoin investors.

General public and people that don't have much knowledge about the market and its cyclic movements don't really know the metrics that help the market go up, so I'm not really sure if they really expect the adoption to rise or they know anything about the halving but all they understand is the rise in price.
556  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you love and enjoy taking risk? on: October 03, 2023, 06:03:29 AM
Crypto is overall unpredictable not only Bitcoin, no risk no gain, if you want to profit then you have to must be taken risk.
Investing in Bitcoin it have bright future but not all altcoins are potential for future. What's the future you see in luna,doge and tron, these are you already invested?
Risk is Not specific with only crypto but is available in every business but we have invest in the place where we think that oir investments will me more safe than other place. This is why it is callled that do your own research. There are many metal available but Gold is considered more safe and profitable. similarly many currency available but USD is considered safe and profitable so same in the crypto also. Bitcoin is safe coin so far and whenever we talk about risk so our mean is to invest in new or meme coins which rise and drop chances are much high. we 1000$ become 10000$ in some days or drop to 100$. At once I remembered that these mentioned coins were considered high profitable coins.
Some people think that taking risks is fun, but it's all fun and games until you lose all your money or face extreme consequences, that is the reason why we always look for ways to mitigate the risks as much as possible so that we can achieve what we are desiring for without having to worry about facing any losses whether it's trading or anything else in life. So, there is nothing wrong if someone tries to find a place where the risk will be low compared to others.

They also say that when there is high risk, there will be a higher reward as well but what's the point of having unnecessary tension when you can get some profits without having to make your blood pressure go high? So, I never take very high risks, especially if it involves finances because it's not easy to earn money so losing it is hard, for sure.
557  Economy / Trading Discussion / Re: Stop Trading on: October 03, 2023, 04:18:33 AM
it doesn't matter if it stops. But did you know that crypto trading or other risky trading has high fluctuating prices so it can be used to make profits quickly. This is the advantage, I think there is no need to think about the risks, how can we really know before trying it, right?
There is obviously a need to think about the risks involved with trading, otherwise, how would someone act wisely if they feel that there are no risks at all in trading? When a trader understands that if they don't understand everything well before making a trade they might lose money, they will probably focus more on learning than being in a hurry to get some profits which is mostly the case with new traders as they have a misconception that it's easy to earn money through trading.

That's why, one needs to understand the risks and then act accordingly so that they don't lose money and so that they can play it safe where they can instead of getting greedy and looking for higher profits while becoming more vulnerable to losses which can make them disappointed for sure.
558  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: October 02, 2023, 08:21:15 PM
I believe Barcelona is going to extend his contract. Because Barcelona got him for quite a big amount of money. So Barcelona should definitely extend his contract and probably try to sell him for some money. I am still very sure that the Saudi clubs are going to pay a huge amount of money for Robert Lewandowski. You know they paid a huge amount of salary for Cristiano Ronaldo. So they definitely can afford to pay a really insane amount of money to get Robert Lewandowski as well. Barcelona should not let him go for free. Right now. Barcelona needs a lot of money. And they can get a lot of money by selling him to one of the Saudi clubs for sure.
He is not just a great player, I mean he is a great player but he is not JUST that, he is also a famous player as well and that would get them some viewership too. We need to realize that all the things that Saudi Arabia doing right now is all for the fact that they want more and more people to look at them and they are doing wonders about it right now.

Lewandowski could get his contract extended all that would change would be him getting a bigger offer. Barcelona would salivate about the possibility of selling him for a good amount and if they can do that they would not think a second about it. I believe that we are going to end up seeing him in Saudi Arabia without a doubt. Which team? I do not know about that one, it doesn't look like any specific team is interested, it's more about bringing him to the league.
559  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: October 02, 2023, 08:04:30 PM
I watched the Girona vs Real Madrid match. Initially I thought Girona would dominate the game in this match because Girona was playing at home, and Girona's game was also very good in several matches, Girona had never been beaten and was leading the top of the standings. However, after a few minutes, Girona's defense began to come under continuous pressure from Real Madrid's attacks until the end of the match, Girona was defeated with a final score of 0 - 3. In my opinion, this was not a bad defeat for Girona, because Girona only lost one match this season. Hopefully in the next match, if they meet top teams like Barcelona and others, Girona will be able to dominate their game and beat them.
Even if you see a team like Girona playing well for a season long, do not expect them to beat or even dominate a team like Real Madrid because that is not possible. It's very rare that teams like Barcelona or Real Madrid gets dominated by another domestic league team.

I can see them getting dominated in the UCL if they face a bigger club, like how City dominated that one game against Madrid last year. But that doesn't mean that they will be able to do that for other teams as well. So, if you want to bet on any game, always try to bet on the big clubs that could win, not the teams that are getting some sort of attention these days because they had a few good games, that's not going to be possible. I personally believe the best we can do right now would be making sure that it goes smooth and we do not end up with losing a lot of money on betting teams like girona.
560  Economy / Trading Discussion / Re: Trading bots... do they work? on: October 01, 2023, 07:18:24 PM
I think that's because you used trading bots for exactly why NOT to use them:
Trading bots are simply meant to help you as a trader automate your strategy and trade even when you are away from your PC. So they are a support for you.
The first thing that you said is the true purpose of the bots, and the rest are just an addition. But whether using a bot or not, a trader can still expect more, especially if he thinks the strategy that he uses are really good. If he doesn't have his own strategy because he still lacks of knowledge and skills, he can use someone's pre-configured bot and he can expect the same thing, especially if the bot owners promised them that their bots are highly profitable.

Quote
There are trading bots with ready-made strategies, but if they always worked 100% we would all be filthy rich.
Rather, you can say the owners of those bots won't ever publicize it but they can just solo the gains that they can get out of that bot because if all will use it, who will lose on a trade and give us a profit?
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