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681  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 29, 2022, 07:39:02 PM
Anyone noticed the stupid Dogecoin pump?

 Roll Eyes

Good news for dog lovers and bad news for the rest of the people. His shitty tweet about shit coin will only cause a bad reputation for crypto. If a meme coin like this can pump like this then investors are not serious about technology or project. It's more like a money-grabbing machine. Elon will surely manipulate the whole market for pumping doge as he did before.
682  Economy / Economics / Re: Elon Musk Becomes Owner Of Twitter, Immediately Fires CEO And CFO on: October 29, 2022, 07:35:28 PM
I know Elon gets a lot of crap everytime (sometimes well deservedly), but I don't know I've seem to see a lot less Twitter spam bots in the past few days so that's a HUGE plus.

He will most likely use this platform more for dogecoin. That shitcoin makes the whole crypto industry a joke. If a meme coin can have a crazy market cap like that, it means this industry is not serious or the people live in it. I can see what is elon up to. His business mind can be trouble for lots of investors in the future.

I know he loves crypto but we should also remind him that he loves it because of the enormous wealth he could make out of it. Business only understands business and loves money. He doesn't care about the economical freedom-like phrase.
683  Economy / Speculation / Re: Bitcoin on: October 29, 2022, 07:30:50 PM
Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

If you are looking for a perfect dip entry, then you will miss it, my friend. No one knows the future so for the question of whether 10k is possible or not I will say yes it is possible. But another question will you buy BTC if it goes to that price? It's a 50% drop and to drag BTC to that level requires nasty lousy news to release. And trust me if something like that happens most people who were waiting for 10k won't buy at that price by thinking it will go much lower because of the weight of that bad news.

It will be better not to gamble and be on the safe side. If you really haven't taken entry then you could start doing it right now small by small. If BTC goes that far you will simply DCA.
684  Economy / Economics / Re: Is Metaverse still a thing on: October 23, 2022, 01:22:05 PM
I've heard of news not so long ago about Decentraland, one of the biggest and most funded metaverse projects out there having a measly daily active users of less than 40. On the other hand, Meta, Facebook CEO Mark Zuckerberg's answer to Metaverse has been receiving flak in multiple aspects of his still in-progress creation. I also noticed that less and less projects include implementation of their project or a fundamental of it in the Metaverse as a form of future-proof answer. So this begs the question, is Metaverse still the future? is it just a fever dream we once had that we are now waking up on?

Maybe the time is not right or the technology is not that advanced for mass adoption. As an example, IoT is considered to be one of the best and ahead-of-time projects. Some things can be said for the metaverse. These projects are some early contributors to the development of the whole concept and they could be the leader of the ground when new companies emerge into the field.
685  Economy / Economics / Re: Bitcoin Bonds on: October 23, 2022, 01:09:57 PM
I do not care if this idea worked or not but it is charming to know that Bitcoin getting its deserved attention. The way everything going on it won't be too long before everybody must or wants to jump into cryptocurrencies. Probably this idea won't succeed because basically value of the bond doesn't change much. Bitcoins volatility is the bearer but this could lead to a new innovation.
686  Economy / Speculation / Re: some BTC price forecasts based on regressions on: October 23, 2022, 11:33:51 AM
If you want to pay attention to this little exercise, it seems that for 2025 a target of around $ 200,000 is practically mandatory Smiley
on the other hand, the S2F target, which predicts around $ 1,000,000, seems to be absolutely overestimated, which would mean continuing the trend
2011 (green).
Does anyone believe that S2F targets is still considered targets whose results can be trusted? I was a supporter of that model, but model broken when price was far a way from 100k, so we should not assume that the model will be accurate about a 1M.

A price like $200,000 is still exaggerated and levels like 100k to 120k are considered reasonable.

You are right. BTC has become less volatile than before. Every year it loses its aggressiveness which is normal I think. The market has become more mature and people buy back and sell off to a more reasonable price over time. This volatility will be less and less within the next decade. 120k to 150k is a reasonable price for BTC in the next bull market to me. BTC market is unique in nature so it will be better to try not to bound it in some certain model.
687  Economy / Collectibles / Re: [ANN] Bitcointalk Bitcoin Pumpkin Carving Contest on: October 23, 2022, 03:50:18 AM
Nice! Finally we have an official thread. I hope this will be spread out to everyone in the forum. The more, the merrier right?
If my carving skill sucks, I believe I can try some digital drawing.
@ChiBitCty, is that a valid entry though?

Anyone who wants to be eligible to win the prizes must include an actual pumpkin/gourd. Trust me, mine will be terrible, so don’t worry, have fun with it!


I would try it but the problem is we do not have these types of pumpkins in my country.  Wink
688  Economy / Economics / Re: We are facing a new recession ten years after the previous one... on: October 22, 2022, 03:29:36 PM
If you intend to build your investment plan according to the opinions of Elon Musk or any businessman, your plan will most likely fail because they say what corresponds to their economic profits.
Recession expectations have become certain, but the questions are whether it will be a controlled recession and therefore individuals will not be affected, or will it be very chaotic, causing bankruptcy for many and stopping exports.
In general, if the recession continues for a year or a year and a half, it will be controlled.

There will be food shortages because of these. The World Health Organization (WHO) recently issued a warning that food shortages are coming towards the end of 2022 and into 2023, WIBX950 reported.. 50 million people from 45 countries will be affected. Unemployment problem. Many countries could be bankrupt due to overwhelming debt. Already raising political tension could worsen over time.

But the main concern should be how average joe can prepare themselves to overcome this situation. I hope there won't be another world war that could cause the death of millions.
689  Economy / Economics / Re: Scalability and its Effects on the Environment on: October 22, 2022, 03:21:41 PM
There are two ways to solve any problem, the right way, which requires time and does not include changing the overall approach and the fast way.
What Ethereum has done is a quick fix that won't solve the scalability problem and will cause bigger problems in the future.
POS is back to bank system in new terms
Just as happened with Bitcoin Cash by increasing the block size to more than 2 megabytes and other quick solutions that “meet the market’s desires.”

There is also a security issue. POS is not a battle-proven system like POW in terms of protocol security. And as you have already noted POS is back in the bank system in new terms which is more concerning. Now a validator is a significantly large holding that can influence the validation of the transaction. If somehow ethereum came mainstream we will see most of the owners of large validators will be the banks.
690  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2022, 03:06:25 PM
Had to sell a smol amount for end of year bills and expenses.

Now it will go up.

You're welcome, WO.

Happens to me every time.  Cry After selling some of my holdings to bear the expenses market goes up. Those who manipulate the market must have kept all these in mind and planned for their strategy. It gives me a strange feeling that a big market like this follows the same pattern every cycle. If fraction of these is manipulated or artificially created by a group of people then it will not be good for investors in long term.
691  Economy / Economics / Re: government hampers the country's economy on: October 21, 2022, 05:03:12 PM
What you are talking about is corruption which is the main problem for developing countries nowadays. Overwhelming corruption makes it difficult to achieve sustainably and cost-friendly developments. If your leader and policymakers don't have any moral values then only hardened the law won't change anything. If a child learned from a young age about increasing moral values and personality and how important it is then they will not easily fall for corruption.

Also, some people think public prosecution of punishment is inhuman but I think this could lower corruption. If govt cut the hands of corrupt officials publicly then those who watch it will surely be frightened before doing anything illegal. This won't lower the corruption rate to zero but it will help to decrease it significantly.
692  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2022, 04:53:23 PM
So we’ve dipped below $19,000 again. I guess we’ll find out in the next few weeks which way we’re headed. I just can’t envisage the price bobbing along at $19,xxx for much longer.

Feels like we’ll see a significant move in either direction soon. Maybe it’s just me?

No, you are not the only one having that feeling. I also looked at the previous chart to find a clue as to whether is this the bottom or not. One thing I noticed in every bear cycle is that BTC prices never stayed at their bottom for a long time. This indicates that this is not the bottom. We are between 22k to 18k for a very long time and I have a feeling that more dip is ahead. There is a negative and a positive side to it.

Negative: Another major crash ahead.
Positive: End of the bear market.

This is my thinking.

We haven’t seen enough pain. I don’t see enough panic & devastation, depression etc. I don’t think the bottom is in but I am happy to be wrong.

A kamikaze dive to $14,000 seems likely. A brief suicidal dive to new lows followed by a fairly quick recovery.

Exactly. If a sudden crash happens recovery will also be very quick. We could see exchanges shut down withdrawals and deposits of assets for overwhelming traffic who will be primarily buyers. That crash is also necessary to liquidate all future long positions. Most people certainly believe this is the bottom and BTC will not crash below that. Many already have opened up high-leverage future positions and exchange will surely liquidate those contracts. Also, that last suicidal dive also meaning of the end of the bear. The market will again gain momentum.
693  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2022, 01:38:43 PM
So we’ve dipped below $19,000 again. I guess we’ll find out in the next few weeks which way we’re headed. I just can’t envisage the price bobbing along at $19,xxx for much longer.

Feels like we’ll see a significant move in either direction soon. Maybe it’s just me?

No, you are not the only one having that feeling. I also looked at the previous chart to find a clue as to whether is this the bottom or not. One thing I noticed in every bear cycle is that BTC prices never stayed at their bottom for a long time. This indicates that this is not the bottom. We are between 22k to 18k for a very long time and I have a feeling that more dip is ahead. There is a negative and a positive side to it.

Negative: Another major crash ahead.
Positive: End of the bear market.
694  Bitcoin / Bitcoin Discussion / Re: Is regulation really inevitable? on: October 21, 2022, 01:32:51 PM
From all stand point as Bitcoin keeps gaining more popularity and adoptions it won't be inaccurate to say the government are endlessly finding a way to do a complete regulation on Crypto currency specifically Bitcoin, Despite most times the word crypto currency might be used to address all crypto related digital asset but the main target remains Bitcoin due to it's decentralised and distributed network as well as been the major crypto asset.

Why it is obvious getting full control of Bitcoin functionality and distribution seems impossible due the fact it has no central point of control one might expect stricter rules governing the use of custodian and non-custodian wallet, declaration of all cold wallet addresses, Setting up committee to monitor transactions on the blockchain public ledger, introduction of wallet trackers and ownership on different OS and maybe lots of wild experimentation to make regulation a possibility.

Believe you me no matter how advanced bitcoin decentralisation might look or sound the government will never risk giving their citizens full control of their assets. The always want to be in charge and has long has they have this limitation of full custody stricter laws regarding Bitcoin usage might spring up. Technology is advancing

Govt mostly wants to regulate bitcoin by accusing it as a medium of illegal deals and payments. But the real purpose is to control the financial freedom of people. When people have too much wealth in their hands which govt have no control over they could be a threat to that govt. They just can not allow it to stay free.

China knows this very well so they just simply ban bitcoin from their country and stop using their resources to develop a way to regulate it. They know how lethal it could be for them because of the possibility of anti-govt funding through cryptocurrency in china. So they just ban it without taking any risk.
695  Economy / Economics / Re: MNCs and it’s impact on developing countries. on: October 16, 2022, 04:27:09 PM
the best trained managers with the right skill best suited for the job

It’s impact on developing countries.

Multi-national companies use developing countries as their base ground for manufacturers or we can say for labor forces. Cheap labor, cheap land, and cost-effective transportation are some key points that make developing countries a hot cake for multinational companies. All the telecom companies in Bangladesh are owned by foreign companies. 
696  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2022, 04:19:57 PM
The original logos
 


Twitter and google look totally crap. I know that time was the best and now we can compare how much we have made progress in the last 20 years. I do not think no civilization has made progress that fast in the history of mankind.

Financial freedom is not new but has been reintroduced to us by satoshi and his concept of electronic money.


697  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 15, 2022, 06:34:33 PM


Ha ha very touching. We saw how the turkey drones heated the battlefield of Ukraine. But when the Iranian kamakazi drone came to the ground things changed. It gives back-footed Russians relief. They were heavily pounded through turkey drones by Ukraine at the beginning of the war. The new friendship between Russia and Iran could be a headache for the west.
698  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 14, 2022, 03:49:34 PM
13% of Canadians 🇨🇦  own #bitcoin   

The Bank of Canada reports #bitcoin    ownership has more than doubled in the past year and 90% of Canadians have now heard of #bitcoin   


It is a positive sign that the percentages increased but are still it's quite low. How fiat is losing its PPP this number should be higher right now. Maybe the number was higher but some people sell off or liquidate in the bear market.

But the real concern is whether this number really matters or not. Are we ready for mass adoption? I think we need more time. Still, many investors don't know or understand the technology of bitcoin. They just brought bitcoin because they saw or heard from people bitcoin price goes insane amount numbers than traditional stock and forex markets. The BTC market is more mature than it was back in 2018 but still, we need more social awareness.
699  Economy / Economics / Re: Running a successful business in most developing countries on: October 14, 2022, 03:36:43 PM

👉Let your Product Be Pocket Friendly
I understand the end goal for every business is profit, but you should avoid prices that tend to chase your customers away. As a start-up, your first assignment is to drive traffic to your business and store. And to achieve this, you might have to sideline making so much profit at the start of the business. After gaining your customers’ trust and loyalty, you might consider adding up to the price that won’t look outrageous to your clients or customers.


What do you mean by pocket friendly? If you are making any product that will be used in mass then it will be low in price but the main points here will be in how low you can deliver your product to your customers. This should be equal to or lower than your competitor companies.

If your product will be used for some specific purpose then the price will not matter if you can maintain a high-quality product. There is some product that we use occasionally. For those products, people typically try to find a better quality product at the lowest price available. If your product is far better than your competitors but high in price people will still buy your product.
700  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 12, 2022, 05:14:24 PM
                             BTC next Movement ?

                                      1. 15k Cry
                                           2. 17.5k Cool
                                       3. 20.5k Kiss

Who cares where is the price right now? As long as I have the extra money in my pocket it will go to BTC mostly. If you made a steady investment in BTC in every week or month for the last 5 years you are already a millionaire by now. So I think we are still early and investing for another 5 years is also luck that many of us haven't realized yet.

You are now regretting why you have not invested in BTC back in 2013 trust me you will regret it even after 5 years from now by thinking why I haven't invested in BTC in 2022?
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