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941  Bitcoin / Bitcoin Discussion / Re: Iran bans Bitcoin too on: May 29, 2021, 12:28:15 PM
According to report, the ban is a temporary one which will last only four months to enable the country correct its power blackout.

Do you think this ban from Iran is another FUD?
Nah, this is not going to be having any effect in the cryptocurrency. And also placing a ban on cryptocurrency cannot stop people in that country from making use of cryptocurrency. They can still buy and sell it at this time, so this is not an end. This is not the only country that we have seen this year that has banned cryptocurrency.

Nigeria is one of the big investors in cryptocurrency and they still ended up banning it, but that stop their citizens from investing in it, and it also didn’t cause the price to crash, the price continued to increase. Then we saw china ban it again of course that did affect the price and that’s because china holds a large percentage of mining Bitcoin. So none of these can really crash that price, and if they do , it is not going to be much.
942  Economy / Economics / Re: Crypto vs Fiat on: May 29, 2021, 08:28:00 AM


If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin  is down 4% today. But next few months BTC could pump 400%.  Pump or dump, storing your money in crypto beats saving up in the bank.
Yeah that’s true. If you take a look at the all time chart of Bitcoin you wouldn’t need anyone to tell you that investing in cryptocurrency would be the best thing to do for a long term because Bitcoin will eventually have more value than the fiat and only those who were able to have the level of patience to hold for a long time will benefit from it.

Although looking at the image you have here – 1933 – 2020, that’s around 88 years and I don’t think anyone will be ready to hold for that long. Five years is good, because you need to reap the fruits of your labor.
943  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 28, 2021, 01:08:40 PM
Sharing another interesting infographic from visualcapitalist.com

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/


as we can see from the data above, Microsoft took 44 years to reach 1 trillion market cap, while Bitcoin took only 12 years!

Unfortunately, Bitcoin could not sustain such prices for long, and now the total market cap is about 650 billion USD. ( 1 trillion marketcap is about 56K USD)
Anyway, that is an impressive milestone for Bitcoin!
There were times that people celebrated Bitcoin reaching $1 billion, but this time around you can’t talk about Bitcoin going back to $1 billion market cap because it has passed that level and won’t be going back to that level again. So, this same way that it has reached $1 trillion and dropped back, one day we are going to pass that level once and for all and the market cap won’t drop below that level again, but would rather continue from there and keep on growing really big.

Bitcoin is the way to financial freedom and everyday a lot of people are getting to realize that that’s what it is and they are getting on the train everyday, the community never stops growing.
944  Economy / Trading Discussion / Re: looking for a active trading companion on: May 27, 2021, 04:01:09 PM
Last but not least, this BTC dip is acting as a nice Gunbot discount
That's a very good point actually because bots/services that offer prices in BTC instead of dollars, it's a good time to maybe purchase them. I checked gunbot and you are right, their prices are listed in BTC, although I am not sure if the prices are adjusted based on the price movement.

I hope it helps, and please feel free to contact me on Telegram if you have any questions @CryptoDROI
By help do you mean help with gunbot or help with trading in general? I see from your profile that you are a re-seller of the gunbot but if I guess it's much better to purchase the bot directly from the website maybe suing your code or some kind of discount coupon.

I have heard of gunbot earlier also but I am not sure how good it is. If possible and by chance, you read this comment, please share some stats of the bot like what have been the past trades/ROI so people genuinely interested can find some motivation.
945  Economy / Trading Discussion / Re: Reversal Psychology ! on: May 27, 2021, 03:25:48 PM
This is all because there are a huge number of short-term and medium-term speculators on the market, and so few really real holders. But the market loves such players, for this, all these dumps and corrections are created, the market loves to shake out all the money from the crowd.
Yeah, which is basically the rich getting richer and poor being wrecked. This is another bi-product of what happens when people follow some influencers and do whatever their idol is saying/tweeting or even sharing. These influencers are going to take advantage of such followers and slowly churn their money.

If you are a trader, withdraw profit as often as possible, if you are an investor and a holder, then never sell on corrections, never do it.
Indeed! Make sure any trades you do should end in profit even if you have to wait for a long period of time. This is unfortunately not possible in futures or that kind of trading and that is why these trading methods are advertised the most because even the exchanges I believe, want people to do futures trading and lose their money.
946  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ on: May 27, 2021, 11:35:12 AM
I agree guys, a donation is a donation and if you really want to "donate" to anyone then you can't do anything that would be really beneficial to the people in need, go donate to charities and help the poor people or old people or childs etc etc there is a charity for basically every single thing in the world.

This is why I think it is immoral to ask the money back, why would you end up giving a donation and then asking it back, even maybe asking it to be forwarded to some charity of their choosing that would make sense, still they wouldn't be forced to do it, they can buy a car with that if they want to, they can make a huge vegas trip they want to but at the end of the day they wouldn't be forced to do anything, not just this but basically no other thing neither, it's theirs and they can do whatever they want. I understand there is an upset by the person who donated, but it's fine.
947  Economy / Gambling discussion / Re: 2021 NBA Season on: May 26, 2021, 05:48:52 PM
Forget about Paul George, they choke last year so we shouldn't be surprised if the Dallas Mavericks will pull an upset here. They already dig a hole in 0-2 against Luka, it will be very difficult as they steal those games in their homecourt. I expect as sweep as well, and if that happens, there will be some big chances in Clippers, their superstars might request for a trade.
Clippers is not really a great playoff team they have shown that last year and they are showing that this year as well. They barely ended up winning against dallas last year and got eliminated in a spectacular fashion and failed to go to conference finals. So at the end of the day, they are still basically the same team and they are still doing horrible, it is not a shocking to see them doing horrible once again this year.

Last year dallas was missing porzingis and this year they are not missing anyone so they are going to end up maybe losing and maybe last year they would have lost too if porzingis was healthy. On the other game of the day, Lakers showed how great they are on defense and that is why I think it is quite good series, Suns is a good offense team and lakers is a good defense team and that way they are basically reaching to a good level difference.
948  Bitcoin / Bitcoin Discussion / Re: Crypto has become the rich man's playground... on: May 26, 2021, 04:33:11 PM
Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money.  They do it just because they can, to boost their stupid egos.

"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
I don’t know for you guys, but I don’t even have time for Elon Musk and I don’t even follow him on any social media platform, not to talk of seeing his tweets. I don’t even want to convince myself that Elon is the one that caused the price of Bitcoin to crash, I am just going to believe that it was just the right time for the market to crash and that’s it and nothing more. It’s a normal thing we see after some years pass, a bull run that will push the market to a new ATH price and then later it will come crashing to another low price.

But, I do know for sure that there are billionaires like Elon who are always trying to mess up the market badly. It’s up to us as the people to stand against these and stop them ruining the market that we have struggled to build over the years and that’s it.
949  Bitcoin / Bitcoin Discussion / Re: Bitcoin and crypto is in trouble on: May 26, 2021, 03:58:50 PM
Fed need to give out asap More stimulus.
If Not bear market is coming

And nobody Don't Want bear market.

So Here what the New York bankers together with fed and also biden should do.

Wait little crash  btc support to  30k Not lower then give out Other stimulus.
Also give out money to companies to invest in crypto.
So you think that the government are doing whatever that they are doing because of Bitcoin? You don’t know what you’re sayingman, meehn nobody in the government cares about this. And moreover you just said this like the bear market is never meant to happen? Oh please! This is happening and this is not the first time that it is happening.

You are the one who is responsible on what to do and how you can be able to protect your wealth so that you can avoid losing your money in the market. It’s as simple as that, not everybody in the market of cryptocurrency is going to make money, but as long as you play well, you’re sure to win.
950  Economy / Gambling / Re: Stake.com - Casino & Sports - UFC Official Betting Partner - Play Smarter 🥊 on: May 26, 2021, 03:23:55 PM
The minimum amount you could withdraw was BTC0.0005 for months and this is not a new change and the transaction charges were 0.0002 and they did not change that recently as i am seeing that for months when the price was rallying and because of that high withdrawal charge in Bitcoin i usually convert it to other coins or use the help of other members to withdraw the coins.
How do you manage to convert them in other cryptos? You're exchanging them with other Stake members?
Regarding withdrawal fees Stake could maybe lower them for VIP members since I think most of us don't withdraw funds very frequently, and so don't really care of them. Then I don't think we would withdraw our funds more oftentimes if fees were cheaper. Personally I mostly focus on increasing my VIP rank so I don't plan to withdraw my funds anytime soon, if ever.
I do not know how to convert one coin to another, however I have gambled here using other coins constantly, because of the low transaction fee. When you are dealing with something like a casino, the best course of action is to get a lower fee coin deposited to begin with. Almost everyone gets their coins from an exchange right? You give fiat and get crypto, in that same exchange find the lowest fee one and then go ahead and withdraw that and deposit it to stake, gamble with it and then when you want to withdraw it do that again too.

This is much cheaper than having bitcoin deposited to stake and withdrawn from it, that has helped me save so much money. There could be a way to convert as well that I am not aware of but I never needed it so I do not need to learn about it now neither because I would never use bitcoin transactions to begin with.
951  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: May 25, 2021, 06:35:58 PM
Liverpool confirmed Konate? That is a big deal, credit to them for getting this right. Their two fill-ins at centerback can't remember their names did well but you could see how nervous they are and not even close to a veteran's professionalism. Solid and calmness? That's totally missing from them.
The players they got weren't really players to care for because at the end of the day they weren't needed right at that moment and spending too much money on half a season would mean no help at all, sure would had a better season but they ended third anyway. Now that those loans are gone and done (one was ozan kabak I think) that means they could actually spend some money.

Plus Konate is young and still very good which means they can use 3 central defenders changing one every game, that way you would play them all every game and it would help you so much in rotation as well. VVD will be coming back next season I believe but it is still good to have such a good player just in case.
952  Economy / Economics / Re: Bitcoin - Medium of Exchange Vs Store of Value? on: May 25, 2021, 04:07:26 PM
Can somebody explain (or provide a link explaining) how an inherently deflationary/appreciating asset (like BTC or Gold) can serve as a medium of exchange versus just a store of value?
So if I get your question right, you want to ask how an asset that is technically going to grow as the demand increases and supply decreases can serve as a medium of payment? I would that's because Bitcoin doesn't just work as an asset but also solves problems when acting as a means of payment. Some of the benefits I will mention below.

1- Since there are no centralized authorities involved it saves a lot of time and resources.
2- There would never be a possibility of mismatch in transactions as it rarely but does happen in real-life payments, since the transaction is confirmed by so many blocks, there is zero chance of any discrepancy.
3- Moreover, there will never be a problem of a transaction failing as in cases you might have seen when you make transactions from your banks because you are directly making the transfer without relying on the bank.

As an asset only I don't think Bitcoin can actually survive because the only use-case bitcoin has is being used as a currency/medium of payment. Gold on the other hand is useful because it has importance in real life so even if it is not used as a means of payment, which it can't be, still remains a valuable asset.
953  Economy / Economics / Re: Understanding a bear market. on: May 25, 2021, 02:56:55 PM
Timed investment or Dollar Cost Averaging is the best way to invest. You can be doing this with a small amount and without minding how much the price of the cryptocurrency is going to be really helpful. If you can be doing it and maybe go for a straight up one year, by the end of the year there is much possibility that you will be making more profit than those who just invest all at once.

And also this method of using timed investment is a good option when you don’t have enough funds to invest, you can just be investing a little amount weekly or monthly from your income and then keep holding it. That way you’re not going to be affected that much when things goes wrong. And like the op has said , long term is a good way to go, unless you’re a swing trader and the price happens to reach a price you want and you can sell it to collect your profit just like that.
954  Economy / Speculation / Re: MELTDOWN - if you don't sell now, YOU WILL LOSE MOST OF YOUR FUNDS!!! on: May 25, 2021, 12:42:18 PM
Here is a hot tip for you - sell now and buy back below $10,000. What do you guys think?
You can thank me later!!
Says a man who woke up from hibernation in January 2021 and immediately claimed that bear market is started Huh
Because, some people only care about crypto going down and do not care when it is going up. I do not know why people are like that, maybe it is a personal thing I am not sure but there are many people like that, they are just very happy whenever bitcoin goes down. Maybe they lost some money here back in the day and they want others to lose as well, maybe they didn't make any profit so they want nobody else to make a profit as well, maybe they were too late and hate people who were early, I really do not know why they hate bitcoin but they do.

The most common one I hear for hating it is "Because you are not creating anything and not helping the world" but the reality is that we have a shit ton of stuff in the world that is not helping or creating neither, I mean we are talking about finance world as a whole and they rarely ever help anyone. So, basically it is just another bear caller who loves to watch people lose money, those are very petty and sad people.
955  Economy / Speculation / Re: Will bitcoin dump below $30,000 this week? on: May 25, 2021, 11:14:28 AM
If it's due for a correction, the price would really dump, and yes it could bounce back to $60k, but we never know what would happen next, I'm okay with both but I have a feeling that the trend now is on downtrend.
The trend is definitely not complete downwards right now there is no doubt about that. However the question is, will the trend change? Right now it is downwards that is okay and we can see that there is no doubt about that. However what if the trend changes? What if suddenly something great happens? What if microsoft says today that they are buying bitcoin and now accepting bitcoin for all microsoft purchases for example? That would make the price go above 60k in a month again right?

We should not expecting outside help this much to go back up again but that is the possibility there right? So, that means we are in a downtrend right now and we are going to keep going unless something major changes, I agree that we may go down even more from here, but I am not leaving the chance of going back up again to zero neither, there is still (tiny) a chance to go up again.
956  Economy / Trading Discussion / Re: Traders Don't easily lend out money. on: May 24, 2021, 07:25:09 PM
If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.

You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances.

Work for your own money, nobody owes you anything.
Yes you’re right about , and it’s not just only traders. I am a trader too and I am always careful with what I do money because I know very well that making money these days is a really difficult thing, so I can’t be wasting my money anyhow. But another thing is that it also depends on who is asking for the money and also why they are asking for that money.

Also the way I live my life, I don’t live my life in a way that everyone is going to know that I have the money, I live a very secret life and not the type that’s going to make everyone feel like I have money to give. When I have enough, I give to people without minding if they are going to pay back or not. It’s best to give what you can afford to lose, because some people are going to find it hard to pay back.
957  Economy / Trading Discussion / Re: Lost 17500$ during recent downswing, Now completely broke. on: May 24, 2021, 10:39:14 AM
Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
Sorry about that mate, hope you’re going to be very careful in case of next time  so that you don’t end up losing your money again. There are a lot of people that lost their money with this new decrease. I have sold a part of my coins before the crash, and I am still holding some of them in Bitcoin, TRX, ETH, Neo, and Cardano.

I did lose some money but I am not much worried about it. The reason why I am not worried about that is because I have already planned myself before now, and I was ready for any decrease in price that was coming, so it isn’t a surprise to me, I planned for it. This is why it’s very necessary to take profit when you can and leave the rest. There are people who don’t take profit because they say the price will increase. Personally I think that’s greed.
958  Economy / Economics / Re: We entered a bear market earlier than expected on: May 23, 2021, 06:02:08 PM
What? He controls the Bitcoin market as well?
Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.

But when it's bad news, they are all coming back from the dead.
Nobody can say he "controls" the market that is not possible, he definitely does have an impact but having an impact and controlling are two very different things. I personally believe Elon can drop or increase the price with a few tweets and that's true, but when we are in a bear market he doesn't take that risk and that is the proof he just has an impact and not a power.

Let's say when bitcoin bottomed as much as 34k the other day, would he have the talent to tweet about how awesome bitcoin is once again? Say something like " bitcoin miners are dangerous to world but bitcoin itself is the new currency whole world will use in the near future", that way he would have the chance to clear what he said, and clear why he still supports bitcoin itself, and that would have not increased the price at all because it was a bear run day, that is why he stayed away. Once again, he has an "impact" not control it.
959  Economy / Economics / Re: The Downfall of TSLA on: May 23, 2021, 10:20:54 AM
The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.
One thing with TESLA that makes them seem like they are really ahead of other motor companies is their innovation. They are always coming up with new ideas on how to do things and they keep pushing. And apart from that, they also have a really huge fan base that is supporting them, through the influence of Elon Musk.

But, that doesn’t mean that other motor companies cannot be able to compete with them, they can as well do that if they want to, but they are going to have to do better than that and it takes hard work . Once other companies starts releasing their own and also coming up with their own innovations, then the competition is going to be leveled. It’s all with time. The company you least expect can even be the one that will pop up tomorrow.
960  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: May 22, 2021, 08:11:36 PM
Telling other people helps someone to share his problem so he can solve it. However, two heads will be better than one head.
Two heads are better than one and once you share your problem with anyone, you release a lot of pressure off yourself. If no one else, one can at least inform their family members and seek help because there is no shame within family members. Gambling addiction is nothing to be ashamed about and there is almost no one who gambles and at some point doesn't feel addicted. Some might be severely addicted while some might just have a bit of an addiction and can get away with it through little to no efforts.

The more people know about your problem the lighter you will feel because you won't feel like you are living under the rock. In fact, some doctors might even suggest spending more time with friends and family to gambling addicts just so that they feel more socially connected because most of the gamblers are usually introverts and avoid social gatherings.
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