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5601  Economy / Trading Discussion / Re: Is it true that Corona Virus may effect trading? on: October 01, 2020, 12:14:05 PM
For me yes it does have an effect on trading people would try to gain while they are force to stay at home for their safety so they might find it a way to earn or be busy while they are staying home.
I have been more active in trading sites nowadays because I don't have much to do so I guess it does have effect on trading or crypto.

The pandemic coronavirus is spreading and the main target of this is the people and cause losing of the economic wealth many people got infected and some of the higher people who are on the top are donated and helps those people. This virus affects the world of trading, no it's not instead it affects the economic growth due to having a problem of import and export the same with the tourism got stop the trading of the money will stop too because they are now preventing the spreading of infection than continuing the work and the economy. Many hoaxes spread rapidly because when the pandemic outbreak starts the price of the bitcoin falls, well this is naturally volatile so it's too hard to say that it causes by COVID too.
5602  Economy / Services / Re: Roobet.com | Art Contest "Digital Art" - $1500 up for grabs! Ends October 5th on: October 01, 2020, 09:44:09 AM
BACK TO WORK
CREATED WITH THE USE OF ADOBE PHOTOSHOP CS3

SKETCH


REFINED


BASE COLORS


FINAL OUTPUT


Roobet username : Peanutswar
5603  Economy / Trading Discussion / Re: Is Buy and Hold Really the Best Strategy in Crypto? on: October 01, 2020, 07:08:09 AM
Buy and hold is not really the best this is the safest thing we all know in trading it requires a lot of patience to make money. This kind of technique is commonly used for the people who just not rush anything and just taking time to earn and get their profit, if you want to make a short term trading this kind of technique won't effect also there is a specific coin which is good at this kind of investment if you want to get into buying and hold a coin I think the most effective to this on the bitcoin, I'm not saying am already professional on investment but mostly this is the time common things happen.
If you want to earn for a safe play is go for the buy low and sell high the same strategy that takes a lot of time and patience before you will get your profit.

5604  Economy / Economics / Re: Anybody here trying to live bankless (using Bitcoin / cryptocurrencies)? on: October 01, 2020, 04:39:00 AM
If cryptocurrency can be used like fiat as a transaction that can be used to buy anything, I will do so entirely because of the convenience and safety of use and the freedom to use it.
However, it is unfortunate that in the country I live in, there are no purchases or transactions using cryptocurrency or bitcoin for purchases of any kind, and have to convert them to fiat in order to be able to make any purchases and transactions.

The same with you there are some of the establishment does not know the use of the cryptocurrency. Right now I don't have any banks and the one I only use is a cryptocurrency wallet which only has a  bitcoin and bitcoin cash, They are not truly adopted the use of the cryptocurrency and only a few people appreciate this kind of payment method.
But still, soon I want to apply to the bank because by this you can have a secured transaction and there is an assurance that your money than the use of the bitcoin once you send it, its gone.

I want to share AFAIK we have a thread on our local > Pilipinas discussion about this kind of business are establishing the use of the bitcoin or cryptocurrency as payment and also there are some well-known people already made and support their own business with the use of this coin.

https://bitcointalk.org/index.php?topic=5249761.0
5605  Economy / Economics / Re: Why do people claim cryptocurrencies aren’t an asset? on: October 01, 2020, 03:03:45 AM
For me, I think the cryptocurrency is an asset set aside the law because we are talking about the property there are rights that you owned coins, not you are owning the whole characteristic or being a creator of this coin instead you have the value of this coin. I think this is part of the Current Asset that we can use the cryptocurrency that may possibly convert into cash. There are some misconceptions about the assets this is just only a tangible thing but no there is a different kind of assets. Also, there is a chance this may use for Financial assets because this can be used for daily needs that can be spent.


Code:
5 types of assent you can visit this too.
https://simplicable.com/new/asset

Some people are not ready to accept technological advances, so it is difficult to accept cryptocurrency as an asset.
Especially old people who think assets are real and do not understand digital assets. It takes time for everyone to
accept cryprocurrency as an asset. Whereas in my view assets are all things that have value, so because crypto has
a value like gold, supposed cryptocurrency is assets.

There are some places that do not accept the use of the bitcoin they still want to stick on the traditional way of payment method which is the use of the fiat currency we cannot blame them because this is implemented by their government and we all know some of the cryptocurrencies are centralized and the bitcoin is not, so they cant make a fully manage on this kind of action.
5606  Bitcoin / Bitcoin Discussion / Re: If all BTC Gets Bought Up? on: September 30, 2020, 02:27:26 PM
If that person buys all the bitcoin all over I think it becomes more expensive and they can manipulate all of the things with the use of the bitcoin also it has an impact on the cryptocurrency because some of the coins are have a paired with this.
And also there is no price movement is the person bought all the bitcoin and holds it. We do need to circulate all of the things to make a good market flow. Don't be greedy.

But I think it will never happen because even the richest person in the world will not give time and losing money easily just collecting all of the bitcoin. The miners also have a specific number of bitcoin will be mined.
5607  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: September 30, 2020, 11:05:06 AM
Let's break down first the two types of possible criminals.
[1] Skills vs [2] Intelligence
1. The people who do not know what is cryptocurrency is most of the time they don't have any kind of idea what it is, most of the time what we are facing money? It is cash, right? because this is the common use for buying or trading for something, also this is the primary use of different countries for paying because this is according to the law that they need to make their own currency.
2. The people who know the use of cryptocurrency, they are knowledgeable about the technology so they know what is the cryptocurrency is they are the cybercriminals today like the hackers, and more.

I think this is the common reason why there are more likely criminals on the internet.

5608  Economy / Trading Discussion / Re: I have Good advice for investors on: September 30, 2020, 07:09:31 AM
In trading, you just need to become balance. Not all the time you are going to focus on the technicals well there are two different people learning and applying their knowledge.
1. We have the person who called the bookworm they are most likely learning with the use of the information and the books they are reading before applying on the real trading.
2. There is a person who is more on technicals, likely more on experience.
These are the two type of person I usually encounter but for me, it's better to have both skills because not all the time you are learning with the use of the books and not all the time you doesn't know more than only came from the book.

People who have technical knowledge in the analysis is an advantage. Yes, those traders that have less knowledge are likely to lose but it doesn't mean that they shouldn't learn it through experience.

It's good advice, reminding the new traders that the risk they are dealing with is high in trading. But all of those can be learned in process.
Yes we can learn how to read the market and make an analysis by experience, its an edge of a trader. But being successful in this field doesnt rely alone to this. A strategy and how you understand the market are also important, even traders who dont know how to make a technical analysis are able to earn by following their plan and strategy.

Also, another thing is the patience and the faith of the trader is included. There are a lot of traders who are using too many emotions in making a trade like the FOMO, when the market falls immediately sell out and etc. Trading requires different skills, also if we have 7th sense why not in trading.
5609  Bitcoin / Bitcoin Discussion / Re: What would happen if you invested a $1 in Bitcoin every day for 5 years on: September 30, 2020, 04:55:21 AM
Investment with a single dollar is not recommended or suggested because today the transaction fees are high and it is the same cost of the transaction fee in my country the transaction fee is almost 1-2$ already and its this is not good why not trying to make an investment with a lower market price and sell it into a higher price, this is the most commonly used by the investors so why not this kind of practices we made, well if you make an investment when the price of it so low there is a possibility that your 5 years investment will give a huge profit soon it will pump.

The choice of investing in Bitcoin by buying Bitcoin for $ 1 every day for 5 years is not a good idea in my opinion.
Because it will only make us have to pay transaction fees every day, after all, if we are busy people making time
every day to invest in Bitcoin it makes our time run out. Why not do it once a month or once in 3 months, it's more
effective in my opinion.

Base on my experience on investment I think its good enough for 3-5 months only because previously we experience the price of the bitcoin is on ATH in the month of January and AFAIK at next coming month the price of the coin falls immediately[1] and the price recovered too in just this range on the month of July.[2]


Code:
[1]https://www.coindesk.com/bitcoin-recovers-40-from-12-month-low-below-3-9k
[2]https://www.statista.com/statistics/326707/bitcoin-price-index/
5610  Economy / Services / Re: CONTEST: design loyce.club home page on: September 30, 2020, 01:11:35 AM
^ First thing that came to mind was Metamask.

Good day, LoyceV. and other members I would like to join in this contest with my design.
https://bitcointalk.org/index.php?topic=5278470.0
https://github.com/Peanutswar/LoyceClub.git

I recommend not using the MetaMask symbol, at least so as not to confuse newbies. If I were the creator of Metamask, I would take it as plagiarism and take steps to protect the identity of my product.
page templates, UI Kits, and freebies for your projects.


I'm sorry I dont know what metamask is, I just use the reference of the fox came from the avatar of the fox up merit cycling club and make it in a low polygon design, I'm not intended to steal any kind of art work. Sorry if this looks like metamask, I will make a re-design of it thank you on your feed back.


5611  Economy / Trading Discussion / Re: Don't trade what you can't risk loosing on: September 29, 2020, 12:02:28 PM
Never ever got with any kind of investments with the capital is not afford to lose but more people are doing it in the other way that is why we see more people drowned in the debt for their entire life.
Thats the basic rule that we should know when investing. Unfortunately some of us are willling to take risk their hard-earned money not knowing the risk of doing it. Then they will realized their mistakes after losing their money, its a lesson learned the hard way.

Dont use a capital that is meant for important things because no matter how good the investment is, there's no 100% guarantee that you can earn from it.
People should know first the risk before risking their hard-earned money when they are so unsure about doing it because they will experience regrets and anxiety when they lose all of their money. Many people are having a massive problem in paying their debts, so they should think carefully before losing all of their life savings.

There are some people who are trusting their fate with the use of the trading even they don't have any money still they want to take the risk that they could possibly earn. Their mindset is "I can earn with trading regardless of the risk", "I can make more money with trading", "This is the last money I can do it more here". Well, we can't stop them because it's their life and they want to risk everything. Looks like there is a two-person with this.

1. The person who will not spend their last drop of money and try to make a product to find another income and not in trading.
2. The person who will risk everything just to earn.
5612  Economy / Service Discussion / Re: [Suggest] Loyce.club design on: September 29, 2020, 10:33:22 AM
~

Thank you for your feedback LoyceV, do I make a revision for this?. I want to try again to create a design to have the loyce.club home page. Also I add to make the website responsive on any size.
5613  Bitcoin / Bitcoin Discussion / Re: Where do you store your seed? on: September 29, 2020, 07:45:21 AM
There are a lot of wallet stating and making a warning to their users before using this wallet they need to keep their seed which is not on only or any kind of digital storage, so instead, I store this on my notebook and wallet of course I made two copies to make sure if there is a chance I lost the paper on my seed wallet phrase I have a backup, also I made a different kind of backup with the use of the paper, of course, there are a lot of seed everywhere on my place, so to make sure I will do not forget about the phrase, it's better to be safe and secured than forget all the money on your wallet.
5614  Economy / Trading Discussion / Re: Your strategy in taking profit on: September 29, 2020, 03:46:21 AM
Right now im just a beginner into trading, also there is no additional income and I recently lose my money on trading and the best thing I could do is to lay low.

1. What coin are you taking your profit?


Im using a pair of bitcoin and USD only because this is the most volatile coin among others.

2. If stable coin, When do you plan to shift to it?


There is no profile in stable coins if you are going just invest your funds to make it safe stable is a useful thing but in trading? I think it's not good.


3. What is the strategy to pay tax?


I want to share my strategy some of the exhcnage or trading platforms has a high transaction fee so to lessen those fees I convert my bitcoin again into altcoins, so what kind of coin? most of the time I'm using the ripple or xrp, because its just less than a dollar of tx fee.
5615  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2020, 02:41:15 AM
Recently we already launch a bitcointalk memes why not we launch a Wall Observer memes? There are a lot of active members on this thread.
From 10.9k - 10.6k real quick.

5616  Economy / Economics / Re: as im economy person with my info the investors could make good profit on: September 28, 2020, 07:40:57 AM
It is more easier to predict some events because by just giving a time frame and different factors it might happen. If you do have an ability to make a prediction with the market price of the coin I think you already know a millionaire its not hard to predict. Let's say I will predict that the market price of the bitcoin will goes up into 11k again. There is a possibility it will happen right?.
Its too hard to trust a member which has a lower profile right here on our forum. Do not be offended.
Nope,not a single one of your so called "predictions" actually happened.
Did you predicted the FinCen scandal or the second COVID wave in western Europe?
You have so much posts and activity on the forum and you got only 6 merit.This proves how little value your posts bring to the forum.
Please learn more about technical and fundamental analysis.Predictions like "this happen after 10 days and that will happen tomorrow" sound kinda amateurish.

if he/she predicted the next happen to the world, when the bitcoin will reach 20k and when is the end of the COVID I will give all of my smerits lol.
5617  Economy / Economics / Re: Real estate vs. Bitcoin on: September 28, 2020, 05:08:06 AM
Because of the pandemic outbreak, there are a lot of people affected on does not have any kind of job and one of the affected right here is the owners of the real state some of them sell their property in to a lower price because we do not know when is the time will the COVID will go. If you are already affected on this outbreak there is no sources of other income there is no choice you need to give up your houses, and this time this is good for buying a lot of houses because the price drops immediately, if I have enough budget with that I will do the same.

During the lockdown many estate loose value because of the corona virus that is spreading over the world.many people are crying because of the hardship that is increasing everyday no money money to pay bill and other things.

I prefer to invest with bitcoin than estate because during the pandemic those that invest with bitcoin never cry of hardship,even when the lockdown reduce other cryptocurrencies value is own value was okay to the investors.


The bitcoin does not really worry about because they are volatile if you want to choose between investing with the real state of bitcoin, I will rather choose the real state because the price of it increases every time a year will come bitcoin is just volatile, so there is a change every time well I want to have a secured long term investment.
5618  Economy / Trading Discussion / Re: Virtual trading before actual one - pros and cons on: September 28, 2020, 03:44:17 AM
In first place, trading is not just a simple making a prediction about the market trend if this is going up? or going down?, do I make an investment right now ? or hold for a meanwhile?. Trading is a risky thing and some of them are falling immediately and losing their funds by just having bad decisions. If you want to make trade why not go with these.

Learn trading with books.
Learn trading with the guide
Learn trading with the use of sources on the internet.
Learn trading with the use of experience of other people.
Learn trading with a demo account.
Learn trading on your own.

There are a lot of newbies wanting to use a trading bot because they think its easier if someone makes a trade on your account, and for me, this is not recommendable because there are a lot of mistakes might use with the bot, also copy trading this is not good for me, because you cannot know what are the things could possibly do by the other traders.

Trading is all about your own pace.
5619  Economy / Gambling discussion / Re: What is House Edge and how it effects gambling on: September 28, 2020, 02:20:33 AM
The house edge is the meaning itself this is the chance of the probability of the player and the casino if winning every time you will play a game there is a chance you will lose of it, and by the times goes by there is a chance you will know the technique how to beat this game, but I think you need to lose a lot of money first before you will get the strategy on winning of it. They already gave a different example, in a gambling place you can win but not all the time you will be a winner.
5620  Other / Beginners & Help / Re: [LEARN] LOGIC GATES and chance to earn merit. on: September 27, 2020, 11:40:32 AM
Good day member our topic are still up and we are waiting for you to answer the questions, this may help you to earn knowledge and try your luck with the use of basic logic, also we are going to reveal if the light if going to lights on or off according to the given problem.

Im looking forward to your answers.


5 sMerit left
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