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721  Economy / Trading Discussion / Re: Use of cryptobots on: August 27, 2022, 07:31:09 PM
Good day to you all
More and more tempted to test cryptorobots
I understand that this is not a passive method of earning,but it can automate routine tasks of a trader
Plus,a human can not keep track of so many charts of different cryptocurrencies 24 hours a day,in contrast to the bot
Does anyone have any real experience using these cryptorobots?
If yes,please share your experience

Thanks
I have not used any recent bots, but yes I have had experiences with bots earlier and they were not really up to the mark, In fact, some even have problems such as they will hack into your funds or even become buggy after some point in time and make random unprofitable trades which can burn your capital. Some tend to become unprofitable with something as small as a change in trend. Basically, there hasn't been a single bot at least something I have found which is robust enough to serve you as a good trader so that at least your screen time can be reduced.
722  Economy / Economics / Re: Removal of $100 bills from circulation on: August 27, 2022, 07:25:46 PM
I used to read the news about it, but didn't take it seriously. But recently I heard a discussion that 100 dollar bills will be banned in a number of countries, and then in the USA and Europe, fiat will gradually be replaced by digital money(CBDC).
It's not a quick process, but it's rumored to start later this year.
I'm interested in hearing your opinion on this issue.
I think it makes sense as well if you are going to digitize the whole currency of your country, slowly removing currency notes is very important only then you'll be able to digitize your whole economy, but yes CBDC is definitely not the optimum solution to replace dollar bills. Also removing higher dollar bills is always better in order to curb corruption also as well. It prevents hoarding of cash currency because you will have to keep a big chunk of dollar bills to keep even small values in cash. But I think something as simple as UPI can solve the issues of cash usage there is no need of CBDC in order to digitize the economy.
723  Economy / Trading Discussion / Re: Trading then switching currencies on: August 26, 2022, 08:14:20 PM
Hi, I'm new here, I have read lots about crypto and how to trade on Binance so I am currently digesting the basics, and I've successfully made a few small trades that made a small amount of cash (I was very careful and watched the market and traded with a small amount to get used to it).

My question is - what happens if I make a successful trade with Ethereum, then I need to convert it back into Bitcoin, but in the meantime the Bitcoin price plummets etc.

With regards to scalping, if someone has GBP in Binance, then they convert this into Ethereum, do a trade and earn even just £5, what would a trader do? Do they keep it as Ethereum until the price starts going down, or change it into another coin they can see going up, or change it back into GBP and withdraw it?

Obviously there are a myriad of trading strategies, however I would like to try scalping first. I am trading small amounts whilst I learn.
I signed up to Binance before GBP could be added to it you see, and I used to have to add GBP into Coinbase, buy Bitcoin, then use bitcoin to buy Ethereum in Binance, so it got me thinking about the rates going up and down and switching currencies and how not to make a loss, and also thinking about platform commission charges.

What do traders commonly do in these situations?

Any advice would be appreciated.
Many thanks Smiley


Best way to do such things is, to take your own currency which might be GBP as the base currency which means it will be the measurement currency for you and the base currency as well. This means after the end of every trade you will be in GBP and being in GBP doesn't mean you are in a trade. Now all you have to do is buy bitcoin by giving up your GBP and then if you earn and want to finish the trade you convert to GBP and then you just don't look at the price of Ethereum no matter which direction it goes. Same will be donee for bitcoin or other currencies, this is how you will be able to manager all this otherwise things will be too haphazard and you will be too confused.
724  Other / Politics & Society / Re: War in Ethiopia, why is everyone silent? on: August 26, 2022, 08:08:48 PM
https://www.bloomberg.com/opinion/articles/2022-03-22/ethiopia-s-war-toll-grows-as-the-world-looks-away

"Though the war’s true toll is impossible to know, researchers from Belgium’s Ghent University estimate as many as half a million people have died so far: between 50,000 and 100,000 from the fighting, 150,000 to 200,000 from starvation and more than 100,000 from the lack of medical attention. U.S. Secretary of State Antony Blinken has expressed concern about possible ethnic cleansing in Tigray, but the government in Addis Ababa has dismissed this as “spurious.”"

In this country, the interests of 2 countries China and the United States clashed. China was friends with the current government, and the US supported Nobel Peace Prize winner Abiy Ahmed, whose actions led to a civil war with heavy losses.

If you do not want democracy, then you will have a war in your country .. how many times will this story be repeated?
Only reason why this is not being reported is that it's not happening in any first world country, neither a first world country has any direct relation with this war, Also this area is not important to any 1st world country for its geopolitics, so because of all this, no one really is talking about this. If the first world country want these sort of wars can be easily avoided in any country of the world, they have enough resources to supply to the federal government of these countries to supress any such anti-national uprising however they chose to stay away from such small countries in turn letting people die.
725  Other / Politics & Society / Re: Is money for survival or luxury? on: August 26, 2022, 07:52:00 PM
In my country most people believe that you are rich when you have money to provide your basic needs and also afford some luxuries. To be classified as rich, you must own a mansion or different houses, drive expensive cars, go on vacation abroad, afford expensive schools for your children, wear designers cloths and consume expensive dishes. If one can only afford the basic needs of food, shelter, clothing, education and moderate, such person is poor.

But for me, if you can afford your basic need, you are rich. Riches is not determine by how much you spend but how happy and fulfilled you are. The orientation that money is for luxury is the cause of the high rate of crime in my neighborhood. Most young chaps now want to ride a Mercedes, live in luxury estates or hotels and showcase his designers clothes and accessories. The virtue of contentment, moderation and patient is gradually becoming archaic and obsolete. But for me, money is for survival and if you can provide your basic needs, you are rich.   
Actually, this depends a lot on your upbringing as well as the people and society you live with. For Instance, a person who is born and brought up in a very poor family struggling to even have basic necessities will consider himself reach even if he gets those basic necessities but a person who is having these basic necessities from childhood thinks of richness as having these status symbols and basically when you get these status symbols as well then you are pretty much settled and no more consider these things as riches. So it's all the matter of your upbringing and the environment in which you were brought up.
726  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: August 26, 2022, 07:22:22 PM
I have gone through the tweets, and a lot of them, a few of them are deleted/ accounts suspended, chances are must be misleading or sparking violence, a lot of them don't really mention Inflation, they are just telling about the protests going on in some part of the country due to some issue or the other. Protests have always been going on in every country in some part or the other due to some reason or the other, it's absolutely wrong to connect each and every protest with Inflation, especially in Indian and Canada one has nothing to do with Inflation at all, they are more on environmental topics and socio-cultural issues.
727  Economy / Trading Discussion / Re: Do we gamble or trade? on: August 21, 2022, 06:12:27 PM
Dear Holders
Some buyers are asking about the trading volume on the probit global exchange! It's essential for us that our buyers invest wisely and buy the right asset and deal on a good and safe platform. We are not looking for gamblers like Elon Musk to bring colossal money, pump our token and dump it whenever he decides. We emphasize again trading is not gambling! If you think probit global trading volume is odd, please read the following research:
A slew of recent articles has demonstrated that the issue of crypto exchanges faking trading volumes is not going anywhere.
The problem has been apparent since Bitwise Asset Management published a report showing that 95% of volumes reported by BitcoinExchanges on data aggregator CoinMarketCap were fake. 
The false volumes were reported to CMC by the exchanges to exaggerate the size of the Bitcoin market.
Even before that, in 2018, trader and investor Sylvain Robes revealed that 93% of the trading volume on China-based exchange OKEx was fabricated based on the "slippage," or price change, when a sale of $50,000 of cryptos was made.
A recent Coindesk report featured a Russian college student who has set up a business that essentially helps exchanges fake their trading volumes by creating accounts operated by bots that constantly trade amongst themselves.
Additionally, a recent Bloomberg report showed anomalies in the trading volume of Bitforex - a Singapore-based crypto exchange with an incentive program linked to transaction fees.
Users are offered $1.20 in digital tokens for every $1 transaction fee. Users on the exchange used a similar scheme of multiple accounts and bots to increase trading volume, earning users tokens and Bitforex an impressive trading volume.
In the U.S., the Justice Department has already investigated such "wash trades" on crypto exchanges.
However, exchanges faking their trading volumes can be caught because there is no correlation between the number of websites visits a site receives and the trading volumes the exchanges report.
Trading volume on probit global is actual, not odd. If the volume of most exchanges was actual, crypto capital should be more than 10 trillion dollars now.
In Aristo world, we live with reality to make of dreams through, not living in a dream and making our life miserable!
www.ariinv.com
Is this a discussion post or an advertisement? I know these major exchanges do portray fake volumes, they have market-making bots that artificially create buy and sell walls as well, infact some exchanges have been responsible for scams as well, But the truth is that no exchange unless it is one unified centralized exchange will be enough to give enough genuine volume to all the buyers and sellers, moreover never have I ever experienced a major scam of such fashion by any big exchange in which atleast 1-2% users of that exchanges were affected, this means the probability and impact of such smalls scams on anyone is pretty low. So trust your luck and trade, You are gambling your money the moment you put it into the bank account itself forget about crypto markets and exchanges.
728  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 21, 2022, 06:04:36 PM
About! Asia cup. The only match that I am interested and want to put my money in it is the one that will happen on Aug 28   between India vs Pakistan. I am sure this match will have a close outcome as this match requires nerves and handle the pressure. I am sure Virat Kohli will be part of the team and if he is good he will deliver, otherwise their is  a good chance of him getting kicked off.
Naturally, The cricket world is eagerly waiting for the match between India and Pakistan. These two teams have the highest support ৃacross the world. Dubai International Cricket Stadium may be full on that day. That match will be the highlight of the entire Asia Cup game. Virat Kohli will also get a chance he will try to utilize that. If he can perform well in that match, he will definitely add to the T20 world cup squad.
Now, things are drastically changes in cricket, and I am feeling love for cricket is already ended which we have few decades back now money involvement is having his own impact and with this India is the most beneficiary party, and surely they are enjoying this all just because of having big market and now strong system thanks to IPL I just check due to political instability now peoples in Pakistan are not had any interest like peoples having in India.
Surely this is going to be big match but most chances now India will be dominating this time because they have their lessons from last defeat against Pakistan and Shaheen Afridi is now also out of this Asia Cup which is surely going to hurt them badly.

That is going to be the money match, isn’t it? Smiley
There could have been more India versus Pakistan matches before but obviously, because of the Coronavirus situation, things got postponed and we didn’t see it. And if Virat Kohli was in form, I believe Virat Kohli versus Shaheen Shah Afridi and Babar Azam versus Jasprit Bumrah could have been something interesting to watch. And there was always going to be Virat Kohli versus Babar Azam performance comparison. But right now I wonder if that is going to be something spectators are likely to be interested in.
Shaheen Afridi is not playing in World cup due to some Injury, this is a big blow to their bowling attack, Afridi is lately the best pace bowler that Pakistan is having lately and was in great form as well, Their bowling unit looks really new and inexperience, there is no bowler who has ever bowled against any Indian batsmen, but yes this same unpredictability exists on Indian side as well, They also will have to face absolutely unknown bowlers.

Surely this is going to be big match but most chances now India will be dominating this time because they have their lessons from last defeat against Pakistan and Shaheen Afridi is now also out of this Asia Cup which is surely going to hurt them badly.

Reminds me of predictions before T20 match between Pakistan and India an last year T20 WC. Everyone was predicting about India win but Pakistan came and beat India by 10 wickets. Pakistan are totally unpredictable side, they can beat anyone at any place. If India wanna beat Pakistan they they need to play really well.
This time too we can see something unpredictable with the Pakistan vs India match. The last meet between the two went as an one sided match. It is good when the match is being fought and won. Pakistan is in good form and the same is with india. So, prediction about the result seem to be difficult. Lets wait, just few more days left.
Both teams are hard. Both are almost similar in their strength. Their fight will surely be enjoyable. However, if this Asia Cup held in India or Pakistan, It was not possible to accommodate all the spectators. Hopefully the match would be enjoyable if there is no natural calamity. After all Everyone is waiting to see a competitive match.
All the matches completed between Pakistan and India were full of contests. But it is everyone's idea that India and Pakistan will play the final in this Asia Cup. Many are considering India as the favorite team over Pakistan in this Asia Cup final.
Obviously in every Asia cup India and Pakistan are always the favourites because they are the two strongest teams in Asia especially after the recent decline of Sri Lankan team, but I would still say Bangladesh can be a surprise so we should not underestimate them as well.
729  Economy / Economics / Re: Effect Of Delayed Gratification On Investment Outcome. on: August 21, 2022, 05:27:39 PM
To delay gratification is in my belief; to forego consumption today for greater prosperity tomorrow or better put, delay today's enjoyment for tomorrows benefit. The benefactors who stick to their strategy, have more consistent performance over time. By finding ways to embolden ones own discipline by either looking away, or by holding your long throat, one can use similar tactics to do the same thing as an investor. Think out a plan. Write it down. Set up automatic deposit or dividend reinvestment plans.


Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?


Actually this thing has two different answers because in some cases it might give a positive outcome when your investment is something like bitcoin which has been giving positive returns since ever but what if your investment is something like LUNA ,you waited for ever to sell it at a price of $150, see what happened with their wait? All of them had to sell their LUNA for peanuts altogether. So this can't be said to be true in all the scenarios.
730  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: August 20, 2022, 07:22:45 PM

Surely this is going to be big match but most chances now India will be dominating this time because they have their lessons from last defeat against Pakistan and Shaheen Afridi is now also out of this Asia Cup which is surely going to hurt them badly.

Reminds me of predictions before T20 match between Pakistan and India an last year T20 WC. Everyone was predicting about India win but Pakistan came and beat India by 10 wickets. Pakistan are totally unpredictable side, they can beat anyone at any place. If India wanna beat Pakistan they they need to play really well.
This time too we can see something unpredictable with the Pakistan vs India match. The last meet between the two went as an one sided match. It is good when the match is being fought and won. Pakistan is in good form and the same is with india. So, prediction about the result seem to be difficult. Lets wait, just few more days left.
To be honest I am not keeping any pre-conceptions in mind before the tournament, both the sides are equally good and have star players, we saw India choking to Pakistan in the previous encounter and facing one of it's worst defeats in the history of t20 cricket and that also when the players came straight after the mighty IPL and were in form. My only hope is that we see a close encounter between the two in which both the teams perform well, a one-sided match on either side will be less thrilling and I personally want this match to be very thrilling, so I just hope the match gives us a close encounter.
731  Economy / Trading Discussion / Re: Bitcoin Longterm Price Target on: August 20, 2022, 07:12:08 PM
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?

I made this calculation for an adoption of 50 % of the current world population:

21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.

If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.

This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.

If you have different approaches feel free to share!
Not really an accurate way to calculate the price. This price is achievable when everyone and each one of us come on the bitcoin network which in the first place is highly unlikely and unachievable, secondly, average value of wealth is a growing matric it grows each year and even comes down sometimes, moreover, it's an estimate created by keeping global Purchasing power parity at par, which means the average value of wealth in the US is more than 80$ for sure, but a person having $80 in Thailand might be way better off than someone having even $500 in the US. When everyone will come in one currency this estimate will change altogether. So technically this is way off from the correct value.
732  Bitcoin / Bitcoin Discussion / Re: If Satoshi Nakamoto Reveal his identity ............ ? on: August 20, 2022, 07:05:13 PM
There are huge speculation that if Satoshi Nakamoto reveal his identity and sell his Bitcoin then the Bitcoin market will crash. This is nonsense propaganda by few Bitcoin community leaders.

When Satoshi Nakamoto will reveal his identity, he will get a Nobel Prize in economic science, he may not need to sell his bitcoins at all. Even if Satoshi Nakamoto sell his Bitcoins and donate to charities, it will not affect the Bitcoin value. When he will get a Nobel Prize in Economic Science there after hundreads of millions of investors will buy Bitcoins. The Bitcoin price will hike and go to the moon. That is my prediction.

Satoshi Nakamoto is a benevolent Economic Scientist and he deserve the recognition for his work.
Haha he will definitely not get any Nobel prize, at least not very soon after he reveals his identity, I am sure the government lobby will make sure that he is not popularized and definitely not made a hero. But yes this also I am sure that the bitcoin price will definitely not crash after he reveals his identity. In fact it will be so hard to actually believe who is real Satoshi the only way one will be able to recognize that he is the one if he signs a message from some of his old crypto addresses. Other than that there is absolutely no way to believe anyone who says he is real satoshi.  
733  Economy / Trading Discussion / Re: Either Bitcoin will end or we will be at the peak of inflation on: August 20, 2022, 06:46:45 PM
Either Bitcoin will end or we will be at the peak of inflation

Either Bitcoin will end or we will be at the peak of inflation where hourly wages will be million of dollars in upcoming years due to the circumstances we will face, The global wealth which is currently 518T might reach to100kT at the end of 2030. It is possible that we can see Shiba Inu coin to be traded against USD at 1:1 ratio.
Do you even know what are you saying? No matter it's true that all the value that the dollar currently has is pushed and pumped due to the inflation prevalent around the world yet the proposition that you are giving is unimaginable, Shiba Inu is as big as a hoax as is USD, it's valued too is just artificially created and pumped up by creating demand and so is the value of USD created by pumping up the demand for it. How can you even imagine that it will get traded equally? On the other hand, bitcoin will also not end because ideally there is no reason for it to collapse. It's demand might go down which could reduce the price but doesn't means it will collapse.
734  Bitcoin / Bitcoin Discussion / Re: SBI decides to withdraw crypto mining completely from Russia on: August 20, 2022, 06:36:05 PM
The conflicts between Russia and Ukraine have brought with them quite a delicate controversy for mining companies, many of which have chosen to withdraw from Russia to avoid any mishap, but doing so brought with it significant losses. SBI Holdings was one of these companies that decided to partially stop mining operations just at the moment when the conflict between these two nations began. This fact caused them to lose approximately “2400 million yen”. Furthermore, according to data extracted from the “BTC.com” blockchain:

Quote
SBI Crypto mining hash rate plummeted around 40% from 5,600 petahashes per second (PH/S) in mid-February to 3,300 PH/S on August 18, 2022.

Despite the fact that this country was one of the largest cryptominers in the world, circumstances have led them to decide to withdraw completely from Russia. Could the SBI present losses again? Taking into account the current situation of bitcoin mining, could withstand the blow?

Source: https://cointelegraph.com/news/sbi-lost-40-of-hash-rate-after-stopping-mining-in-russia-data
Eventually, in the longer term, it will sustain the blow to its mining, but I think the Russia-Ukraine war has hampered the supply chain badly in both countries which is why it has impacted mining companies so much. Moreover these companies know that situation is only going to worsen off which is why they are just trying to move out so that at least can save them further recurring losses even if all of this comes at a big one-time cost.  I think more and more companies from Russia would eventually do these things if all this doesn't stop for next few months to come
735  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: August 19, 2022, 08:51:37 PM
Shubham Gill must be learning a new reality in international cricket that how hard to get his first international ton.

In 17 intl matches across 2 formats (test-odi) he came close to magic figure of 100 3 times but poor guy can't break the curse. Got out on 91 at Gabba. Got stuck at 98 when rain ruined his party against Windies and against Zim well there wasn't much to chase.

Well.. at least he got a chance to bat. Sanju Samson fans are furious that he didn't got an opportunity to showcase his batting skills. Zimbabwe seems to be the weakest team in the ODI super league, and they seems to be in a worse condition when compared to both Ireland and Netherlands. In case of the Dutch, at least they have the excuse that most of their regular players are away for county cricket (and despite that they gave a good fight against Pakistan in the first ODI). Zimbabwe doesn't have any such excuse. Their performance was pathetic.
In the first ODI against Zimbabwe, India won the match by a wicket The opening batted so well that India won the match against Zimbabwe by 10 wickets without the fall of any wicket. However, in the second match against India, Zimbabwe may plan and enter the field. However, there are several batsmen for India who have not been able to bat against Zimbabwe so far One of them could be Sanju Samsung. I think he will do well for the team if he gets a chance to bat against Zimbabwe.
Tomorrow there is another game between India and Zimbabwe. In the last match, India won without losing any wicket due to Zimbabwe's low scoring. Can Zimbabwe build any defense against India in this series? Everyone knows what the cricket community is thinking. If Zimbabwe can score big then their chances will increase a bit. It is not impossible but no one dare to think about winning the match.
I think Zimbabwe's batting is still something that they can try to rely on so a better preposition is that they try to bowl first and let India score the total and then try to chase it with their strength, I know if India's score crosses a certain mark it will be impossible for them to even bat full 50 overs it will be so much pressure. But it's overall a good experience for Zimbabwe to play against a big team and see how pressure should be handled and how to play your cards properly in big matches and try to play on your strengths. After batting first I think it's going to be the same fate for them as what happened in the first match.
736  Economy / Economics / Re: The US CPI has strong influence on Bitcoin (a reason for the current rise) on: August 19, 2022, 08:44:50 PM
Global inflation has proven to have a strong effect on Bitcoin these days and the US inflation reports are taking the lead. It has the strongest influence on Bitcoin whether it is a positive or negative report and it explains the recent soar in the price of the crypto. The Federal Bureau of Labor Statistics reported a lower CPI and Core CPI on Wednesday at 0.0% and 0.3% respectively, which made Bitcoin rose and might make it gain strength till the end of August as it has suggested an end or temporary halt to the ever-soaring inflation in the US.





Furthermore, the CPI, which is the change in the price of the goods and services purchased in the US and the Core CPI, which is almost the same as CPI, except that the prices of foods and energy are excluded are both good inflation gauges and have been on the bullish path since the beginning of this year. But Wednesday's reports caught investors by surprise and excites the Bitcoin market. The data would have a lasting bullish effect on Bitcoin.





Keynotes: High inflation reports were the major reason Bitcoin sold this year, so low inflation reports would push it up. I suggest a bullish trend for Bitcoin till the end of August. Also, continue to buy the crypto in September if the report of the Federal Bureau of Labor Statistics is negative for the CPI and Core CPI in the month. I will update the values in September.


Good luck to you!
Yes actually, CPI Inflation index does have an impact on bitcoin but it's hard to create a solid correlation, because CPI Inflation isn't really that volatile while the price of bitcoin is, a very small change in bitcoin price really cannot be connected to CPI Inflation price because the movement that took place a few days back has in fact completely retraced back in last week especially today, so it's really hard to say whether it was due to this report or not. Also whether only US CPI will affect the bitcoin price or other country's CPI would also effect the bitcoin price that is also a major question.
737  Economy / Trading Discussion / Re: Started a 1k to 10k challenge in 20 days and it's going well! on: August 19, 2022, 08:36:05 PM
Started this 1k to 10k challenge in 20 days, Now I am thinking about getting into meme coins or nfts. Heard about dogechain but not sure how that sh* works, will have to check them out and get my money out before they get "HACKED"

Up 4.4k already on day 11
https://twitter.com/shorterprince/status/1560339398050414593


Oh C'mon tell me you are lying? Even the best of traders cannot make 10x their money in a matter of 20 days. In fact, the best would say that the Average ROI per month would at a max range somewhere around 50-60% for best traders and here you are challenging 10x money in 20 days. Sounds more like a wishful thought to me. As a lot of people have mentioned can you please put up screenshots and information about each of your trades? because then it still looks believable otherwise even I can update edited screenshots of me making 10k in 10 days.
738  Economy / Economics / Re: Will Hong Kong consider Bitcoin? on: August 19, 2022, 08:29:00 PM
On the occasion that took place in 2019 in Hong Kong where it's inhabitants took to the streets to speak against the aggressive and excessive control exercised over them by China, citizens feel they are being robbed of their rights on being a sovereign nation and this action has been exacerbated by the COVID-19 pandemic and it's resultant attempts to curb it's spread by the Chinese government who imposes stringent measures as support from the West were not forthcoming..

As a result of these actions by China, Hong Kong seem to struggle with their economy and this matter is made worse as their currency looks to be tied to that of the dollar.
 The Hong Kong Monetary Authority are striving to keep their currency to trade at HK 7.75 or at most HK 7.85 to the dollar. But at the rate the dollar interest rate is increasing, it's hard for the Hong Kong currency to keep up.
 Will there be a possibility of Hong Kong seeking to adopt Bitcoin as a legal tender since they seem to be a Bitcoin friendly state and it's acceptance can help reduce the Chinese government's dominance on them. What's your take on this? https://bitcoinmagazine.com/culture/bitcoin-can-free-hong-kong-from-china
If Hong Kong dollar will struggle against the USD(which almost every currency in the world is right now), won't it be a practical solution to adopt the USD only as your currency instead of anything else? This will remove the headache of making export payments by converting your local currency to USD and also remove the risk element here, because if the price of bitcoin falls, HK would be in an even bigger problem than what it is currently having with HKD as it's currency, so to be honest bitcoin is not going to be such an easy solution to implement.
739  Bitcoin / Bitcoin Discussion / Re: Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? on: August 19, 2022, 08:17:27 PM
So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?
I don't think any such thing is going to happen. Bitcoin since its inception has seen a lot of scams, a lot of regulations & scrutiny. It has even seen levels much lower than the current levels. Remember we went to almost 3k in March 2020. So this level at which it currently hovers is definitely much higher than that level for sure. I think regulations might come and it could change the way in which bitcoin operates and the way in which people perceive bitcoin but it will not hamper the very existence of bitcoin for sure. Cryptocurrency is imminent now be it bitcoin or any other coin.
740  Economy / Trading Discussion / Re: Where is real pumps ? on: August 07, 2022, 09:16:49 PM

But I Still think in a bull run you can randomly buy a coin on any day and expect it's price to skyrocket in just a week or so however Same is not possible in a bear run. This has happened to me myself, I brought KCS or Kucoin Shares out of nowhere in the previous bull run and just in a matter of few weeks it's price skyrocketed like anything. i sold it and was lucky enough to get out before the bear run kicked in.
Seizing opportunities is very important in investing and trading. Indeed it will be difficult to plan when the market is bear, the easiest possible asset to choose for the long term. and don't expect a quick return.
Taking momentum in trading as you do is quite risky. you are one of the lucky ones to get a profit before the dump occurs. as we know, there is always the same scheme in the crypto market. after the pump, we will be greeted dump. the size of our profits or losses will determine.
But eventually what matters the most in trading is the momentum, if you can enter a trade when the momentum is on your side, the trade will always be beneficial but when the momentum will be against you the risk of the trade also increases. Talking about taking profit before dump occurs best way is to sell on various levels not just one levels so that you are booking profits in each and every level and not losing all the unrealized profit in just one dump.
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