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5501  Economy / Economics / Re: What are the potential side effects of corporations selling fake crypto? on: February 10, 2021, 03:46:49 PM
They literally just inflate their assets by essentially borrowing your funds in exchange of an 'agreement' that they are holding something for you. If they cannot provide withdrawals for 'your crypto' that you bought from them, there probably isn't one to begin with. While I do agree that PayPal taking part in the crypto scene is bringing things closer to people, it also has its own demerits, especially the one that people aren't able to actually hold their coins. The experience is very limited to just buying and selling right now, though I hope that PayPal would soon provide actual withdrawals for their customers to get the full experience of being a bitcoin owner through the simplicity offered by PayPal's platform.
5502  Economy / Trading Discussion / Re: How much would you say one could realistically make a month trading? on: February 10, 2021, 12:58:56 PM
In crypto, if you got your eyes peeled on most of the daily action and price swings, you can potentially make 2-10% per day depending on how fast you execute your trades and how careful you are when doing so. I have some good runs in trading wherein I walked away 10% richer, and had bad beats losing most of my capital in an hour or so. There isn't any definite percentage of profits or losses you can get from trading, as it's literally on your calls and your strategy to try and make a profit.
5503  Economy / Gambling discussion / Re: Do casino awards matter? on: February 09, 2021, 08:13:27 PM
It does matter to a certain extent, especially if the fanbase/userbase of the award-giving body is quite significant, it helps in the advertisement of the gambling platform that won the award.

Most of the time, it doesn't really mean anything if the award is given by an organization that is relatively unknown in the scene. If you are quite respected and your views and opinions matter to the gamblers, then surely your award would be flaunted by the platforms who got it. It just means that your organization's standards are akin to the gamblers who support your ratings and/or reviews, and thus potentially pulling more userbase to the side of the gambling platform that won your award.
5504  Economy / Speculation / Re: Apple is buying Bitcoin on: February 09, 2021, 04:06:11 PM
You spun an entirely different idea from what the article is stating.

It only states inference on the status of Apple if they accepted crypto; nothing about them buying bitcoin. This is disinformation, and while we really want to get the most people on board the bitcoin train as possible, we don't want to fool them by doing these type of posts.

But if Apple really opens up to the crypto market using their Wallet app, they aren't too far from actually getting some crypto for themselves. A lot of possibilities, but not realities until they actually pulled the trigger and do it.
5505  Economy / Trading Discussion / Re: Taking a loan to buy Bitcoin? on: February 09, 2021, 12:48:44 PM
Better you have a safety net for your plans, else this is putting your one foot into the grave considering that loans from banks are really brutal if you do not meet their desired deadlines for your payment.

At this point in time, I'm compelled to say that you can go ahead and take out a loan to buy crypto. However, being sensible and rational about this, the risk involved in loaned amount to buy crypto is way higher compared to your actual money that you are okay with losing. There isn't any guarantee that the profits that you'll get in crypto will outperform the interest the bank imposes on the loan. Plus, if your job right now isn't paying sufficiently to cover for your expenses and your loan, then you'd just be placing yourself in a lot of stress.

Even I believes that taking out a loan has become justified now more than ever, given the amount of attention it gets from all fronts of the economy right now. It's a risk I would dare take, although one I would not suggest anyone to do knowing that I'm partly responsible if someone loses money because they heeded my advice.
5506  Bitcoin / Bitcoin Discussion / Re: World is Chess board and bitcoin not a king on: February 09, 2021, 01:23:34 AM
I don't think market cap alone translates to power, as other altcoins with highly-inflated market caps are on the top as well. Also, the king, albeit powerful and all, cannot attack the opposing king as it is against the rules of chess. It can come into constant threats even from the pawn, so I don't think it's fitting to tag USDT or cryptocoins as sole pieces of the chessboard because if that's the case, they cannot act alone in the face of danger--especially the king as it has very limited moves and essentially weak on most situations.
5507  Bitcoin / Bitcoin Discussion / Re: Tesla buys $1.5 billion in Bitcoin on: February 08, 2021, 11:45:27 PM
I knew that Elon wasn't really shilling crypto for nothing, especially bitcoin and doge as of late. His twitter platform is so powerful that bitcoin soared from $33k to $37k just a week ago and now here we are, with the announcement of Tesla officially invested in bitcoin: $46k. It will surely boost Tesla's valuation even further in the coming years, and I do hope that with valuation comes greater and even better products for their electric cars. I mean, valuation is nothing if you can't deliver anything to the masses, and soon your company will just fall like dominoes.

A lot of people already predicted that Elon is already 'in the game' right even before the official SEC filing, but it's still crazy to know that the man with about $250 or something worth in bitcoin lets its multi-billion company buy $1.5 billion in bitcoin alone in a single move. Possibly one of the highest institutional purchase ever.
5508  Bitcoin / Bitcoin Discussion / Re: Cz taking advantage of the Nigerian government ban on bitcoin wrongly. on: February 08, 2021, 04:09:01 PM
Though CZ tried to word this tweet as innocently as possible, it still came out to be somewhat controlling, or passive-aggressive if you may knowing his stance on crypto vs fiat and being the head honcho of one of the largest exchange. But at the least, he openly gave some sensible options to the Nigerian people regarding their cryptocurrencies, and I think that is enough of a heads-up/announcement in itself. Binance and CZ would need to comply to the governments of the countries they are serving, else they will face legal consequences that may take resources out of their arsenal, which is kind of a huge setback for their operations considering that they are operating with grey areas and vague lines in terms of legality and whatnot.

Oh well, I do hope our Nigerian brothers were able to convert their fiat into crypto if they really wanted to, and withdrew immediately to their personal wallets if they really plan to hold.
5509  Bitcoin / Bitcoin Discussion / Re: I was left behind with btc market. on: February 06, 2021, 12:26:20 PM
If you have been with crypto for the last 3 or so years, you would understand that this isn't the first time that bitcoin crossed barriers, broke records, and exceeded expectations.

In 2018, everyone was shouting 'bitcoin is going to $0' due to its lackluster market activity from February up until the latter months of 2018. No one really knew what's gonna happen, considering that a lot of hacks, scams, and exchanges getting bust were present on that time-frame. Add to that the uncertainty on government regulations that is also threatening communities and individuals as well to forego their bitcoins since the legal repercussions aren't worth it. Through it all, though, bitcoin stood its ground, and here we are witnessing yet another insane run for bitcoin, and it's not stopping here any sooner.

People always say that they are 'late,' or that they couldn't get in anymore since the price is too high to make a reasonable entry to the market. That's what most people said too in the latter months of 2016 when the price almost hit the $1k psychological barrier that people believed wouldn't be possible to achieve anymore. Compare that to the price now and you see that if you bought in 2016 even at the 'top' of that term, you would have gain a lot of profits just by doing your shit and forgetting that bitcoin exists.

If you really want to get in the party, buy small amounts that you're comfortable of not using for the time being, stack those up and treat them as some side 'investments' and just do what you're doing. Bitcoin is heading nowhere but up, now that the institutional investors are in the party.
5510  Economy / Services / Re: [OPEN SPOTS] ChipMixer Signature Campaign | Sr Member+ on: February 06, 2021, 12:17:53 PM
Username: dothebeats
Post count (including this one): 11402
Bitcoin address (Must be Segwit): bc1qe6k9pmlxfmhwmex3yhuare44us9v9upq008kkk
5511  Economy / Economics / Re: Risk-takers always ahead financially on: February 05, 2021, 11:57:55 PM
Risk-takers without clear vision of why they are risking and what are at stake aren't always ahead. Sometimes they are those who risked everything without a clear plan and ended up losing what they strived for. If you do have a decent plan at hand, you would be able to convert the risk into something that completely favors your position and what you risked for. The likes of Elon Musk, is a good person to use as an example of a risk-taker that has a clear plan which succeeded obviously. He was so into getting Tesla working despite numerous rejections from investors and he still made things work.
5512  Economy / Gambling discussion / Re: May-Pac 2, will it finally happen? on: February 05, 2021, 10:39:55 PM
There's a lot of challengers to Pacquiao's greatness fairly recently, and I don't think Mayweather offered the rematch like he was genuinely ready to battle the Pacman in the ring again. It's just so odd that the rematch was offered when McGregor and Ryan Garcia are trying to get Manny for a fight. Having said that, if ever Pac's side agreed for the rematch, Floyd may cancel the fight, or express disinterest on reasons he might come up with in the near future. He doesn't want to be in the same ring against Pacquiao who's damn sure wanting to get his ass kicked inside the ring, given that he just ran around when they first boxed.

I kinda like this rematch to happen, but I don't think Floyd's heart is full into this.
5513  Economy / Gambling discussion / Re: The gambling black market thrives in Britain on: February 05, 2021, 09:48:32 PM
Most illegal bookmakers and gambling providers that I've met still have the sense of decency to not allow minors to play on their platform. One reason I see why that's the case is because minors tend to get so cocky about their wins and brag about it, resulting into them possibly telling that there is an illegal gambling platform that exists which could lead to the operators getting busted. We do have our fair share of illegal gambling operators on my side of the globe and that's their reasoning why minors aren't allowed to gamble.

For Britain's problem re: gambling black market, I think this is because of the continuous lockdowns and people are trying to get a hold of their gambling fix on places that would allow them to play. There exists online casinos, yes, but there are still some people more comfortable in playing in physical casinos rather than play online, and that's understandable. The situation of COVID-19 in Britain hasn't gone for the better in recent times, and people are really tired of the lockdowns and establishments being closed, hence the need for alternative--yet illegal--places to go ignoring the health and safety protocols imposed by the government.
5514  Economy / Gambling discussion / Re: Gambling strategies & tips from professional players on: February 05, 2021, 08:11:19 PM
Not much of a strategy but more of an advice and a tip that I got from my peers: always, always, quit while you're ahead. I don't apply this too much on my gambling habit in general but just in a game or a session that I took a good profit in. While I'm playing for fun and generally my own entertainment for the most part, it's still good to turn around your entertainment into something extra money that you could spend on some things that you fancy without destroying your pocket.
5515  Economy / Economics / Re: Nigerian Banks To Close Accounts Involved with Crypto on: February 05, 2021, 07:30:58 PM
Nigeria has been pretty aggressive in bitcoin and cryptocurrency as of late, and I cannot understand why. There are tons of traders in Nigeria right now prompting Binance to open up a market to cater the demand, and the government could easily capitalize on this fact by providing ample regulations to sustain the scene and tax the crypto sale proceedings and related profit just like what other countries did. Most countries look up to Nigeria as one of the countries in Africa that is ripe for an economic boost, however if they keep on shutting down opportunities that come knocking into their front door, they'll just keep getting back from square 1 and the number of poverty-stricken citizens would just grow.
5516  Bitcoin / Bitcoin Discussion / Re: How to make money with bitcoin 0-confirmations spending, what are legal risks? on: February 05, 2021, 06:29:46 PM
This is trying to game the system, and that's why there aren't much platforms that offer 0-confirmation transactions on their end before a sale or a purchase is made. Also, should you ever find one (like what your buddy told you), there would be some pre-checks that would happen before a sale is confirmed even without confirmations on the blockchain. That mixer surely imposes something on their end, as it basically is a free money site if they don't implement some safeguarding for themselves. Anyways, with legal repercussions or not, I highly suggest that you do not try this, as this clearly is unethical and not an approved way of making money.
5517  Economy / Speculation / Re: Since BTC doesnt open/close what time of day is the price most active volitile? on: February 05, 2021, 05:44:11 PM
EST late mornings/afternoons are quite the busiest that I have seen, so I personally avoid this time of the day to make my transactions in the network. I live in East Asia, and the afternoons in here are also bustling with a lot of activities on the market together with the network activity as well. It's not so far off from the timings on the stock exchanges, considering that these are still people with the instincts of the regular day trader. At least that is what I always see and observe whenever I try to trade and make transfers in between exchanges, platforms, or my wallets.
5518  Bitcoin / Bitcoin Discussion / Re: Bitcoin FreeFloat Supply on: February 05, 2021, 04:37:35 PM
We'll never come up with an accurate number of how much bitcoin is actually lost in the void. There are tons of factors to be considered and some of them remains too vague to be included on the calculation e.g. time of the coin being idle. They came up with a pretty low ballpark compared to most of those in the industry, though a given if they added a little something in the mix to get that number.

While people may deem this metric inaccurate, if I understand this correctly, the goal is just to have an extra separate metric to have an idea on the total supply of bitcoin that's a lot more likely to move sometime in the future and "contribute" to the market through liquidity; and they're really not claiming for this metric to be more "accurate". The same reason why in stocks, we have both Trailing P/E and Forward P/E; whereas both metrics are simply just useful in their own ways but one is not necessarily "better" than the other.

It's good that they consider that some of those 'lost' coins may or may not move in the future. In this ecosystem where cold storages are highly encouraged for long-term safekeeping of funds, you cannot really discern between idle coins and coins that cannot be accessed anymore.  Glad that someone doesn't lock out the possibility of coins moving around in the future, especially those that are idle for more than 5 years.
5519  Bitcoin / Bitcoin Discussion / Re: Is it wise to set nightly stop limit sell orders before you go to bed? on: February 05, 2021, 09:41:59 AM
This should be next to common sense IMO, given that bitcoin or crypto in general is a highly volatile market that gets from the extreme highs to the extreme lows in a matter of hours, at times. Or, you could just close your position and start your day with some fresh trades on the next morning. Either of the two works, though of course IMO the latter is the safest considering that it doesn't allow your money to be placed in the open chaos of the market while you are sleeping.
5520  Bitcoin / Bitcoin Discussion / Re: 1 BTC = 20 oz of Gold today on: February 05, 2021, 09:04:06 AM
It's just amazing how everyone back in 2013 - 2015 were ridiculing bitcoin for being a one time, big time fad that will never return to its former glory after the 2013 ATH has been popped. Now some of the prominent figures on that side of the fence have jumped over and are enjoying the profits that they are having on bitcoin, which is nothing comparable to gold these days. I understand that the gold bugs are still standing strong on their ground and maintaining that 'intrinsic value' rules over anything when it comes to keeping value, but the world is starting to think otherwise.
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