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721  Economy / Trading Discussion / Re: How many consecutive looses can you handle in trading? on: August 17, 2021, 07:18:11 AM
HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
I think two is enough, or maybe three, just in case you feel you should go further and try. You shouldn’t try too much, because if you keep trying you will be losing too much of your money that you would have used the right way. So, two or three is enough for you to take a break and then start looking for a solution to develop a better strategy that is going to work out for you. Though another thing you have to know is that the way you use that strategy matters a lot. And it’s good to not forget to make use of important tools that will help to reduce your risks.
722  Economy / Gambling / Re: Rollbit.com | Crypto's Most Rewarding Casino 👑 on: August 16, 2021, 09:30:22 PM
Don't easily get fooled when someone posted their winning. It could be their winning after spent bigger amount than what they won. They obviously won't tell us how much profit/lose they got, they will simply post their winning too which they think it could make people attract with the site where they won.
You don't get fooled with anyone's win if he has shared his win on some social platform.It is simply because he is overjoyed with that win but yes we don't know how much exactly he has burnt before reaching that level.But if the normal players have shared their wins not the sponsered ones they don't serve the advertisement purpose as whole but people automatically gets attracted to that casino in hope of same high wins.
There are so many people who are addicted to gambling and usually those same people end up spending a lot of time gambling but also check out others as well, you do not gamble 7/24, but you could do gambling related stuff while you are not gambling if you are an addicted person. You could be here chatting with people, you could be on chat part of the casino and talk with people there, you basically spend your life around this gambling world, and that is the problem with many of them.

So same people come in here and see someone win 100x or whatever and they get excited about it, I wouldn't but that is because I am not addicted, they do because their whole world revolves around the gambling world and when they see that they think the same will happen to them one day, just wait! it will! and so forth, it is addiction and it is a bad thing. We do not have to worry about it if it doesn't have any impact on us.
723  Economy / Speculation / Re: Will bitcoin go down below $20,000. on: August 16, 2021, 08:55:28 PM
For this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.
This topic was started on July 20 which means that the price was nearly under 30k and that is why there was a scare that the price would fall down, I understand it because the price went under 30k for the first time in a while, it peaked over 60k before it did something like that and I believe that there was a good case to be made for the price to go down.

However we all know what happened after that, hindsight is 20/20 and I understand why we can think that it will not go under 30k ever again, not just these days, we may never see under 30k ever again in history, however back in those days we have seen under 30k and the scare to see under 20k was very real, I felt that too, I wasn't scared about it because I like it when it goes down, it allows me to buy more but that doesn't mean that we knew it would go up neither. Thankfully it is doing a lot better now.
724  Economy / Speculation / Re: The power of Bitcoin HODLing on: August 15, 2021, 08:46:59 PM
It's not like we know what the future might hold plus, at that time people are still uncertain and the Internet was still rife with scams so the people don't trust new things from the Internet immediately plus the FUDs were really strong back then, bitcoin being used for scams, black market, and drug trafficking, any sane person will doubt it's credibility when something like this happens.
I know it may not be as profitable to hold it now as it was back in the day, but can you really doubt bitcoins rise? I have seen many people who doubt it, but I have made a lot of money over their doubts. Bitcoin is something that will go up, it could have downs here and there time to time but we all know it will be a lot more than what it is right now.

People who trust this and invest accordingly made enough money to be happy about it, and there are people who didn't make any money at all from this because they were doubting bitcoins capability of going up. I believe in the long run bitcoin will always go up, even if there are 50% drops like we had recently from 60k to 30k, eventually it will always go up, the new ATH at around 64k will be broken, the price will be higher than that, I just do not know when but I know it will happen. This is why I keep buying bitcoin as much as I can with the money I have, in order to keep investing into it, I do not know when I will be capable of selling it, I could now and still profit, but I just believe it will go up so I do not sell.
725  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: August 15, 2021, 08:12:29 PM
We are not even seeing them in the full form neither, PSG is still missing A LOT of their players that they got as well. Messi is not there, Ramos is not there, Donnaruma is not there. So, I think yes it is guaranteed that they will win, they are already winning games right now without even having their transfers playing, this is just a short stacked version of them and they are still better than everyone else, think about how they will be when they get some of their players playing.

The newspapers are saying that there are two possibilities for Messi to have his debut, it is either at 29th of august, or it could be 12th of September while 12th being the bigger chance. Dude played whole season, then went on and won Copa America as well, and then he had 1+ month of vacation, which means he is not in match fitness just yet, he is getting there though, 12th of September is still very early on the season.
726  Economy / Economics / Re: Philanthropy as a paradox for the uber-rich on: August 15, 2021, 07:04:14 PM
Recently I read about the divorce of Bill Gates and how the Melinda & Bill Gates foundation will continue with business as usual despite Melinda´s spin-off (off the marriage). This foundation manages 49 billion in assets, mostly from donations from the uber-rich.

While Microsoft does not have a particular fame for mistreating employees, most of the large companies, to some extent, are benefiting from market monopolies, questionable tax exemptions and in some cases questionable Human Resources practices. Does it make sense to you to first "take" from society by paying little tax and then doing philanthropy to "give back"? Sound to me quite cynic.
Well, that wouldn’t seem right to most people, because others have to pay that tax, so why are they being exempted from paying it? They should even be the ones to pay more than others.

But anyways, equality is very important, so everyone should pay the same level of tax with others, there shouldn’t be people being treated specially and others being forced to do that, it’s wrong. Then if they decide to do philanthropy, it’s in their pockets, they can decide to do it or they can go ahead and leave it. Anyways, that’s how we have seen it and this is not the first time that people are talking about this and it still hasn’t been fixed.
727  Bitcoin / Bitcoin Discussion / Re: About the popularity of Bitcoin on: August 15, 2021, 09:52:20 AM
There are also some elderly and children who do not have mobile phones. Children can take care of them and learn cryptocurrency with their families. However, many elderly people have no children and lack the ability to accept new things. With the popularity of Bitcoin, will they continue to use paper money in the future?


In fact, for blind people, no one pays too much attention to their lives. Because there are no blind friends around, they don't think so much. If some technology is developed, it is very expensive consumption.
   With the increasing popularity of Bitcoin, what do you think will happen to blind and childless elderly people?
I don’t think there is going to be a change of the paper money, even if it’s going to happen its not going to happen any time soon, it’s going to take a long time. Although even when the blind people make use of paper money they don’t see the money they are holding and they can’t tell how much it is that they are holding in their hands, so in a way it is quite similar. But that aside, it wouldn’t be a good idea to take away the paper money and replace it entirely with digital currencies, unless maybe there is an important reason to do that, which I don’t see any for now. If we make use of both paper money and digital, it’s not going to be bad.
728  Economy / Speculation / Re: The market is not good on: August 12, 2021, 06:17:19 PM
And here right now is happening the dip I was expecting all week long. Still above 45k which is very very good support to show the market. I think we might still see even 43k before Saturday comes though. Some "bad news" from the industry about the hack of Polygon and defi market has some spillover effect to ETH, and possibly because of wrapped BTC lost there.

Or am I wrong to think any of that has an effect?
Dip? The price is still over 44k right now, how could that be a dip? I honestly think that we are still on a bull run right now, sure the price is not going up like we imagined it would continue, but it is also not dropping that much neither. I personally like the way it is going right now and I hope that it will continue to go up, break over 50k+ and that point it is going to be really hard for the price to go down.

I understand that it is not an easy way to handle this, but it is definitely the right way to do it. For example, if we drop to 40k, we should not go around and saying that the bear is here, that would scare people off and it would definitely hurt us, but if we end up going around and saying that is basically accumulating to grow bigger than it will hype people up and make them buy. We should always think of the drops like that so that others would end up buying with us and the price goes up.
729  Economy / Speculation / Re: Bullish News!!! on: August 12, 2021, 05:43:15 PM
Panic selling I know very well but panic buying is the first time I have heard of this term;) Definitely a new way to look at FOMO buying;)

I believe there is very little retail buying going on now, all this buy/sell before 50k is from speculating traders, institutions already bought below 40k and will again top up above 50k.
Panic buying has been around for decades, it was mostly used for stocks but eventually it moved to forex and now into crypto as well. It is the moment when the market is skyrocketing like crazy and people are usually buying a lot more during that period, which I think is basically what we are seeing right now as well, or at least saw. Market goes up a bit, and then a lot of people get hyped and start panic buying which causes it to go go higher and then more people start panic buying and so forth so forth for a while.

This is what I believe happened and this is why I am quite excited about the prospect of going over 50k again, if we get to 47k then panic buyers will make it over 48k, if we go over 49k, then panic buyers will make it 50k+ and so forth. However when it stops, and doesn't go high anymore, that usually means panic buying has stopped, which it looks like it has.
730  Economy / Economics / Re: We exited the bear market earler than expected on: August 12, 2021, 01:29:35 PM

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network.
Yeah, investing trendy. While you are in profits and at the same time which works for promotions as well then I guess no one would ignore. These days bitcoin investments got 3 major benefits: 1. helps you to diversify your portfolio (usually possible only by new type investment) 2. Higher ROI 3. Publicity (even for individuals when shared on social media).

Hence, there would be obviously no wonders on getting back to bullish markets as early as possible when considering above benefits.
731  Economy / Economics / Re: Where is the value reflected? on: August 12, 2021, 05:22:34 AM
For me, I would like to see more merchants willing to accept cryptocurrency payments, but I will not use cryptocurrency for payment.
It means that you have plans to use bitcoin as an investment alone? If so, you are not alone. I am the one who never prefer to spend bitcoins for day-today life but want to save bitcoins for my retirements or for my grandchilren.

what still needs to be strengthened is the regulatory level.
I do not think so; a centralized thing never needs regulation. As we got practiced to centralized services, we are always imagine that regulated are better and problem free but when considered to privacy and security related benefits, then we all need decentralized ones which may not bind to regulations.
732  Economy / Gambling discussion / Re: 2022 NBA Season on: August 11, 2021, 07:02:07 PM
I never really liked Dennis to begin with, not just the talent level but basically his character, ever since he was on Hawks things were really so nice for him from what I hear, his teammates rarely ever like him and he was sent from one place to another after that.

Lakers overoffered him anyway, they needed a PG and this was before Westbrook, I am sure when Dennis realized that he can't get anything better, he went back to Lakers and asked for it, even a bit less maybe, but by that time Lakers had Westbrook and that is why they declined. Hell dude couldn't find even 10 million a year, at this day and age a player like him would definitely get 10 million, even 15+ million, only if he was an easy player to work with. However everyone around the league knows that he is a hard person to handle and causes controversy and locker room trouble so his talents do not matter.
733  Economy / Economics / Re: Why would people ever use bitcoin if its expected to always go up? on: August 11, 2021, 06:28:27 PM
After reading several posts on this forum many people seem to think that Bitcoin will always go up. If this were to be the case, why would people spend Bitcoin at all? In this theoretical time, wouldn't it just be a poor financial decision to do?
For me personally it is more about bitcoin getting at the hands of others so that they would like it and I would gain more from it, not maybe personally but the general bitcoin world. Think about it this way, you have a company and you own 100% of it, but it makes 100k a year, then you give 50% away to Elon Musk, and now you only own 50% of the company, but he takes it to a billion dollars, now you own half a billion dollars worth of company instead of 100k.

As you can see you lost half of your company but now your half worths more than fully of what it used to be. Same logic here, if we all used and spend bitcoin that will make bitcoin grow bigger, so 1 bitcoin I have worths 45k now, but if we all spend it then bitcoin will become 100k and my 0.5 bitcoin will become 50k and I will be in profit. That type of logic will make bitcoin grow bigger, or at least that is what I think.
734  Economy / Trading Discussion / Re: trading needs consistent attention and full concentration on: August 11, 2021, 05:54:39 PM
The more you are concentrated on trading, the more chances you'll be successful, that's the fact.

Some people started trading and later quit their job because they are already successful, and what they can make through their job in a month, they can make in trading in a day, that's how lucrative trading is for people who have the skills. Anyone could work hard just to be consistent as the reward is life-changing, but as for me, I'm not that good anymore yet, so I'll stick with the long-term trading.
I do not think that you should quit your job just because you are making a lot of money on trading. I have a good chunk of money saved aside, not a lot but a good chunk, it could allow me to not work for 6 months, I lost it on a project I was working on and now I am back to living pay check to pay check, but I didn't just quit my job and kept on trading like I did, that is how I made that money, by trading and investing, lost it on a project but I could recoup that by working, investing, trading and get back there, it may take some time but I will get there.

You know what I will do when I get there? I will not stop working, I will keep on trading and making a good amount of profit, but I will not quit working, never did, never will. I could retire one day, but that doesn't mean that I will quit, I will just be a very old guy who is having hard time working so that will be understandable.
735  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Burning plans on: August 11, 2021, 04:28:14 AM
It's usually better to buy the coin before the burning since burning is done in the first place to reduce the supply so that the price of the token/coin itself would rise up
This is not the case of shitcoins.

I just wonder why they need to have big supply and then burning it when they one first hand itself, can create a coin/token with less supply?

Burning is for deceiving and definitely not a progressive related action for a development of a coin/token.

Reducing the supply alone will not guarantee growth of a coin. Swapping/burning are few latest traps, devs have these days to lure naive investors. Never fall for these.
736  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: August 10, 2021, 06:56:42 PM
The gameplay of Marseille's players fascinated me. Montpellier was leading 2-0 at the end of the first half. I never thought Marseille would come back so well in the second half. They scored 3 goals in the second half and won the match. Dimitri Payet's goals in the 75th and 80th minutes gave Marseille the lead. At the end they got 3 points.
Honestly it was as much of marsielle playing very well but also at the same time montpellier playing horrible as well. When you look at the goals, I understand that a freekick goal could be scored at all times and that is understandable, but when you look at the first goal, where was defense up until the ball got to Under? I mean goalkeeper and defenders should have stopped that ball getting to him, which was a bad effort, I am not even talking about the last goal, that is just humiliating for the whole defense and midfield, dude basically scored in spite of everyone around him, someone had to get the ball from him and he scored in such a crowded place.

Still congratz to Marsielle, they played very well too, and they showed that this year they are a bit of a different mindset of a team, they are going to really push for it for sure.
737  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFT games also another way to gamble your money? on: August 10, 2021, 06:17:14 PM
I am really interested in learning more about these games, but at the same time I really do not want to spend any money on "games" that I do not actually play that much, I mean yeah it makes sense to buy crusader kings 3, because it is a good game (which you can even download for free from torrent) but this is not a great game like that, it is just a regular game you can play on kongregate or something, the olds flash games, even text based for some of them.

It means that you can spend $50 on it just to give it a try, but if you lose that is a good chunk of my money, that is like 10% of my salary, just for testing a game, I rather buy BNB and put it aside, or get cake and put it on the pool, that is why I am hesitant. If anyone here actually spent a little amount and gambled that away to see if it works could help me understand the logic, I could be a lot more interested.
738  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in cryptocurrencies. on: August 10, 2021, 05:40:32 PM
Not only in this field, as long as there is investment in any field, there will be risks. What we can do is to improve our level in this field and minimize risks.
The key is to lower expectations. Unless you win the lottery, you will not get rich overnight. The harvest is patient.
Buy and hold. If you want to continue buying, you only need to think twice before you can make a change.
That sad reality is that when people just heard about risk, most of them will just turn around and only a few just left. That is why not all are meant to be in here doing investment as not all have positive thinking towards the market.
Honestly, if we are just close-minded people, hearing those negative could somewhat give a huge influence on us, and perhaps we tried to ignore them and going straight of what we aim for. There is a lot of challenges that we need to win and this could prove that there is no easy way to become rich.
The other side is true as well, when there are huge risks involved, people look at the possible rewards and they jump in as well, most of which gets scammed and that is the biggest problem. I have to say that there is a good amount of people who could actually find the right balance, you should not be afraid of taking risks, but you should not be focusing purely on high rewards neither, find the perfect balance where you are risking just enough and earning just enough. If you take zero risks then you will not earn anything proper neither, you have to take some risks, but if you do it too much then you will be scammed like the others.

I personally do 90% of my portfolio in good known stuff like bitcoin, ethereum, bnb and few others, while taking my changes with quick trading and small investments towards low cap coins, that way I do not lose much if I fail.
739  Alternate cryptocurrencies / Altcoin Discussion / Re: Will governments prohibit developers from creating a new coin? on: August 10, 2021, 04:46:09 PM
As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.
I can’t really say for sure, but I think that it is going to be more easy for them to ban exchanges than having to stop developers because there are lots of projects these days that their developers are not known, it can just be something that’s open and built on platforms like Github and things like that. And then I don’t think that the government is going to stop people from developing their own cryptocurrency in countries where the cryptocurrency market has already gone far.

There are big companies these days that now owns a cryptocurrency, and they wouldn’t like the government to ban it. Most of these companies works closely with the government, so it’s not likely to happen.
740  Economy / Gambling discussion / Re: Is gambling attracted to emotion or luck on: August 10, 2021, 01:14:09 PM
You don't have to do trial and error in gambling just because you thought that you're a lucky person and you might win big in gambling.
It seems that no one is aware of this and everyone wants their own lessons by spending a lot Smiley. If common people are aware of dangers of gambling then probably they will never go for it from the beginning but what we do see is, almost everyone is participating in gambling and then regretting about their losses and some people who still got funds keep trying to recover their losses.

There are lots of myths about gambling is being taught by everyone which lead people to try gambling at least one time. Also, when someone is showing off their big win from gambling then everyone wants to try gambling at any cost.
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