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541  Economy / Service Discussion / Re: Can the signals of Twitter accounts be trusted? on: November 16, 2021, 09:29:04 PM
Hell no.

A lot of my friends tell me to buy a certain coin because it was featured on a youtube channel, a Twitter account, or Reddit.

But the fact is that most of these "signals" are to the benefit of the people who release them. Even the more accurate ones are subject to massive survivorship bias.
542  Alternate cryptocurrencies / Altcoin Discussion / Re: What are some high-quality, legit projects that are under $0.10? on: November 12, 2021, 10:54:41 AM
Ok so I'm looking to load up some serious bags on a handful of high-quality, legit projects that are under $0.10

So what does The Hive suggest?

Give me options of tokens that are under $0.10, as well as $0.01.

Looking for 5-10 solid projects that are just getting started with a large potential.

I know low market cap and other things need to be taken into consideration, but we can discuss other qualifiers once we compile a list of the best tokens under $0.10.

Thanks!

The only one that I can think of is TRON but that is fluctuating between over and under $0.1 right now. All the others are meme tokens that have zero utility.

But I do want to warn you that just because prices are low doesn't mean that it will have the most gains.

Market cap is what matters. If you want to invest in coins that are relatively unnoticed you want to invest in small cap coins (and those do not necessarily have a small value per se).
543  Alternate cryptocurrencies / Altcoin Discussion / Re: Investors desire on meme coins are insane on: November 12, 2021, 07:28:15 AM
This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

This is the "everything bubble" for ya.

Enjoy the current craze while it lasts, I would say. The rate at which people are becoming millionaires due to meme tokens is simply unsustainable and sooner or later a great deleveraging will occur in the crypto sector.

After that, only the legitimate, valued projects will survive. 90% of NFTs and memecoins are going to go down the gutter.
544  Economy / Gambling / Re: 💰 GamblingFreebies.com - How to Get Free $$$ + Strategies + Picks 💰 on: November 12, 2021, 07:13:48 AM
This could be good for generating volume for gambling with less volatility, but it's certainly not going to get you anywhere on its own. You're still subject to the same house edge, and losing 3 times on 1.01x happens more often that you would think.
No matter how many times you gamble in different gambling sites, the house edge always win depends on percentage of their house edge. That's how house edge works, it is where the owner get the money to pay for the domain name, the employees and profit. The crypto they get from those who lose from bets will be used for payment for those who won when they cash out.

Well the house edge isn't a static money maker for the casino.


Quote
The house has the edge in general, yes, but if the house is giving you a bonus for wagering then you have the edge. It's as simple as that. But something here is extremely annoying, we posted a winning pick and someone decided to delete it so others won't see it.

I'm not sure exactly why your post was deleted.

Re house giving a bonus, perhaps you should be more clear that is what the strategy is intended for, and actually list some sites and bonuses that this would apply to? Otherwise people will think that the strategy is a standalone one.
545  Economy / Speculation / Re: [Poll] If this happens, is it time to sell your Bitcoin? on: November 12, 2021, 04:02:45 AM
Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.
A total collapse? Probably a long way off of that currently. However, we can definitely expect something similar to 2008/2009 where there was a global recession. This has undoubtedly been escalated by Covid, and the measures that needed to be taken for that. A global recession something like 2008/2009, probably bigger is likely to be imminent, but I wouldn't go as far to say that a complete collapse is imminent.

Also, there is likely a ceiling that Bitcoin will hit, as with everything. Though, at this moment considering the currency is relatively new, it's hard to figure out what that ceiling might be when it has already broken a lot of peoples expectations.

Oh, you'd be surprised how fast things can unravel.

Zimbabwe and Venezuela were both very prosperous countries a few decades before their economic systems were subject to complete collapse. I believe one stage Zimbabwe even had a higher exchange rate than the USD.

When your whole economic system is built upon a house of cards, it's not going to last.
546  Alternate cryptocurrencies / Altcoin Discussion / Re: Expanding DeFi on: November 12, 2021, 03:49:21 AM
I doubt it.

Steemit is trying to capture the social media market which has absolutely nothing to do with DeFi. Stop calling everything DeFi.

Unless Steem comes up with something major I don't think that their project is going to survive. Dan Larimer has shifted focus to EOS long ago and there are very little content creators nowadays on Steem.
547  Economy / Gambling discussion / Re: 2022 NBA Season on: November 11, 2021, 10:11:07 PM
~snip
It just shows that the Lakers still need Lebron James to close the game and become the Lakers show.

Lakers need more than Lebron to fight with GSW, that is great again
will be interesting to see what Miami can do in another LA match, with Clippers, Clippers are on fire, in winning series, and it will be hard to outplay them for Miami, I will back Clippers tonight, solid value @1.5

Definitely a value bet in my eyes.

Clippers are a much deeper team than people realise. The emergence of Terance Mann and Luke Kennard have been huge in helping them get into the top 8 in the West.

The Heat may be walking out of Staples with a two losses in my opinion. Don't see the Clips giving this one up especially with Ibaka back on the floor.
548  Economy / Gambling discussion / Re: An Insight into German's loosened restrictions (hopefully) on: November 11, 2021, 09:33:36 PM
Quote
What the government needs to do:

Renew the laws
Make sure the rules and regulations are not too harsh for the people engaging in them
Make sure the gambling section is healthier for both parties.

Exactly.

Healthy regulation is going to get them so much further compared to draconian bans/restrictions on betting.

Let the people choose for themselves what they want to do with their money, but of course have the necessary measures in place to still ensure that sportsbooks/casinos are operating fairly and aren't ripping people off.
549  Economy / Gambling discussion / Re: Sky Vegas could face legal action due to promotional emails on: November 11, 2021, 07:32:20 PM
That's very interesting.

This will be one of the things that the online crypto gambling space will have to improve upon.

I'm getting a ton of spam emails from a load of crypto gambling providers, and it's pretty annoying to be honest. I've definitely unsubscribed from a few but still getting notifs from them - it seems like that they don't really care about regulatory compliance.
550  Economy / Economics / Re: Permanent inflation or "just temporary" on: November 11, 2021, 04:08:17 AM
Another real way to curb inflation is to increase taxes paying more taxes reduces the disposable income of the people the total expenditure is reduced. People's purchasing power can be reduced by imposing new taxes and increasing the old tax rates when there is an excess demand for a product in the market and there is a huge shortage in the supply of the product along with it. That situation creates an opportunity for the manufacturer to increase the price of the product or service and price inflation occurs.

I am not sure of that. Is there any source that backs up that opinion? My doubt is mainly that taxes reduce the disposable income for the families, but it increases the government spending by exactly the same amount. Government are usually ferocious spenders of anything that they get their hands in and even sometimes of that they do not even own. How would that work?

It's standard economic theory.

The government doesn't need to spend all of the tax revenue that it generates. At least in principle, tax collection and fiscal expenditure are two completely separate arms of fiscal policy.

So if you increase taxes, you could reign in spending without much government expenditure in reciprocal, if it is the government's plan to seriously curb inflation.
551  Economy / Economics / Re: Jefferies sells Gold to buy Bitcoin on: November 11, 2021, 03:42:24 AM
Even Tim Cook is saying that crypto is a crucial part of a well balanced portfolio.

People's fears right now of buying crypto are unwarranted. They have to realize that institutional adoption has already caught up and it would be a matter of time before it is a globally recognized store of value (arguably already is).

Don't treat it as a profit making undertaking but rather a way to store your wealth long term, without being subject to rampant inflation.
552  Economy / Economics / Re: What books do you recommend for economics? on: November 11, 2021, 03:33:32 AM
I just want to ask you all what books do you read for economics?



I'd suggest that you take a read of The Intelligent Investor.

It's one of the most influential books when it comes to personal finance. It'll make you really think about how much you know about the market and whether or not it is worth it to time the market (or maybe just admit that you won't ever time the market properly?).

The lessons imparted are especially relevant today with the crypto craze. I won't spoil it for you.
553  Economy / Scam Accusations / Re: Fortunejack Scammed me WARNING on: November 11, 2021, 03:16:36 AM
Quote
7.7. You are obliged to submit to the Company all KYC and CDD documents requested by the Company during 14 (fourteen) calendar days after the request is made by the Company. If You do not meet the set deadline the Company shall have the right to block and terminate Your Account and confiscate all funds available on Your Account."

I think that this is unreasonable.

The money is still yours especially if you are willing to undergo KYC.

The minimum resolution that they should give you is a full refund of the deposit. This is unacceptable - and I'd say very fishy behaviour from FJ which resembles a company trying to take advantage of KYC/AML regulations.
554  Economy / Economics / Re: Big money after "sustainability" on: November 11, 2021, 02:53:05 AM
Industries that are not sustainable, which in most dictionaries nowadays means carbon emissions, are loosing the investors good graces. These activities are considered at risk, since regulations in the future will likely mean that they will have to change or reformulate or undergo serious pressure from regulators.

There has been plenty of literature about bitcoin effects in the environment. While I agree that bitcoin is probably less damaging to the environment than 20 thousand Visa employees commuting to work, there is still plenty to do about the farms and the energy they consume. It may be possible to support green mining over others?

You have to also consider that this comes with some degree of hype with it.

Not all "sustainable" companies are actually doing much better than what traditional companies are doing. They may simply be better at cooking the numbers/their books to reflect a much prettier version of reality.

I'd definitely include ESG as a part of a portfolio, but I would not invest all of my portfolio into ESG stocks.
555  Economy / Speculation / Re: [Poll] If this happens, is it time to sell your Bitcoin? on: November 11, 2021, 12:53:33 AM
Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.
556  Economy / Economics / Re: Banks will die crypto will take over in 5-10 years on: November 10, 2021, 10:43:59 PM
Doubt that banks will just go away.

Banks will certainly adapt to the new crypto landscape and start offering wealth management and transaction services that are denominated in terms of crypto.

But they will certainly not be extinct. Even in the crypto sphere some degree of centralization is necessary to sustain practices (at least as of current).
557  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Shiba INU tokens continue to rise? on: November 10, 2021, 10:32:16 PM
In the long run, SHIB is going to go to zero.

There is no doubt about that. There is virtually no utility for the token, no infrastructure etc. Community engagement admittedly is fantastic but that in itself shouldn't give any coin a valuation within the realms of Top 10 cryptos.

But you shouldn't short it either, especially not with leverage. Markets will stay irrational longer than you can stay solvent.

I'd just sit it out honestly. You've missed the easy money in this pump, just let it go.

I seriously doubt that it dies, even in next bear run it will get just more bagholders shilling it even more aggressively. In the altcoin bullrun a product doesn't need an use case, it needs hype, community and the attention of idiots. Even if we think that projects need to solve something to be valued, majority if people are idiots and they will invest too. Shit projects will always ride alongside of good projects.

I mean hell, most of these people still think that one single coin/token price matters. They don't know what marketcap is for, nor do they care. Saddest truth is that we need to understand these people to understand market movements.

No.

And what is ridiculous is that this has been getting more media coverage than bitcoin recently.

SHIB has no long term future, nor does Dogecoin, no matter how you look at it. They don't have utility and the value right now is purely derived from the hype element which will likely fade away as the bull market comes to an end.
558  Alternate cryptocurrencies / Altcoin Discussion / Re: Gas Fee Of BNB Is Increasing on: November 10, 2021, 09:15:00 PM
Yeah, BNB and ETH are pretty much substitutes at this point.

When ETH fees increase there will likely be a flood of people going over to the BNB network to do their transactions.

That then pushes fees up.

Hopefully both chains will come up with a scalability solution soon though.
559  Alternate cryptocurrencies / Marketplace (Altcoins) / [H] 0.0013 BTC [W] 0.018 ETH on: November 10, 2021, 07:40:58 PM
Looking for a quick deal - you cover ETH fees, I cover BTC fees.

Ends up being a bit better than market rate for you.

You go first, unless you have sufficient reputation in which case I will be happy to go first.

Scammers stay away Smiley
560  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which altcoin would be next gamechanger? on: November 10, 2021, 09:41:52 AM
We have seen a lot of altcoins pumping by 5x or more in last month like NU & Shibu, but some of us were either late to join the rally or else ended up entering at peak and now struck like those who invested into Ripple when it was around $3, we have seen huge diversion from Shiba to Doge today once Doge started pumping. I have my bet on ADA (Cardano) and kindly share your favorite altcoin to invest now.

If you were to invest in alts, at least invest in something that has substance.

ADA is probably one of the better projects in terms of utility even though it doesn't necessarily have a lot of adoption still. I would bet that bluechip investments such as ETH, ADA, and SOL are probably going to outperform meme tokens.

Expect markets to gain a bit of rationality as the easy money tightens up.
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