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141  Economy / Economics / Re: Is it possible to live without banks? on: August 07, 2020, 01:47:45 PM
We are in the age where banks have a important role in every economies so basically we cannot live without banks because if there will no banks in this time, there will be another economic crisis or even depression where a lot of people will lose their jobs that can lead to increase of poverty rate.

We should be aware that there are people who want to save their money because they want security where they want to have full guarantee that their money is safe and it is one of the job of the banks. There are also want people to expand and to open business but they could not afford so basically they are loaning in banks.
142  Alternate cryptocurrencies / Altcoin Discussion / Re: Newbies are safer with top altcoins on: August 01, 2020, 10:13:53 AM
There is a misunderstanding when it comes to investing in altcoins, newbies are usually finding cheap altcoins that have low volume because they are expecting that it will become the next altcoin that will increase so much like the other altcoins but this kind of idea is wrong and it can be a liability for them because it can lead for them to incur losses. It is really better to invest in altcoins that belong with the top daily volume around different exchanges luke ETH,  LTC, BNB AND XRP. Patronize altcoins that have high liquidity and market capitalization and forget shitcoins.
143  Economy / Speculation / Re: Will bitcoin touch $15K till end of 2020? on: August 01, 2020, 09:13:37 AM
Looks like things are picking up but also staying same as well at the same time. Now, I know that you guys are thinking we went up, but we also stopped right now if you look at the price, we are talking about a price point that basically stays the same at $11k and not moving any further up.

I was expecting it to continue going up, it needs to continue going up, right now it is at a place where it can fall back to $9k very easily if it doesn't go up, it could very well stand at the same price for a long time as well. So, I agree that yes it moved up and that means we are closer to $15k and that could still happen, it is a potential, but in order for that to happen we need to increase and go up even more. If it reaches $9k once again, I would expect it to actually not make it to $15k this year.
Actually the rally is not yet finished and there is still price surge. Look at the RSI, the data in RSI is proving that it is defying the gravity there because it is now in overbought peiod but the price is continuing to increase but it doesn't mean that this price rally will continue for weeks. There will be a price corrections and we should expect from it. I hope that the dip will be shallow and not deep because it can be a bad sign.
144  Other / Politics & Society / Re: China as part of the future world economy. on: August 01, 2020, 08:11:51 AM
China is currently gaining control of world shipping, mining of gold and other minerals, pharmaceuticals, farming in the US and other countries, tech manufacturing and several other areas of economic importance. He sees the failure of debts by countries who borrowed from China as a weakness, but in fact they are being used to gain strategically important land in countries around the world. The ownership of the port of Piraeus in Greece is one example of this.

China dont have much minerals. USA is minerals extremely rich. That is why China invested so much in Africa. To secure minerals there for their industry. China cant compete with NATO in navy. That is what they started Silk road project. When Silk road will totally function it will be pointless to control World seas. China will be able to import from Africa, Europe and Asia to fulfil demands of biggest world economy.

But China will not be nr.1 for long. Soon India will raise to power. China population will age and reduce in next 50 years time. India youth will prevail.
China is doing some big game and investing some good amount in Africa and Asia its going to turn things for them as Silk road is really big project recently they have control of few countries ports which is also going to help them if someone feel their future is not good then I am feeling its only day dreaming nothing else Africa and few Poor Asian countries are going to be vital for their good and bright future on other hand Indian future is uncertain after Modi regim as he is doing really poor policies which are killing their bright future hope.
China is now making a move, look at the other countries especially the african countries because there is a debt trap where billions of dollars are debt into China. The China is gaining more power, try to observe the world economy and you will find out that China is now near at the top of the ladder. Most of the international companies have major stockholders which citizen is chinese. Not only in infrastructure and technology that the China excel, also in militarization where they have also advance weapons.
145  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: August 01, 2020, 07:06:41 AM
How do you guys assess OG these days? Do you think they can claim the championship after the return of Ceb?
While their performance in the online tournaments aren't consistent they still have a good chance since the next TI is a year away and now is a good time for them to rebuild while ana is on a break.
I don't think so, there will be another surprise that will happen with OG because I see ANA will always be present when it's at the end of the tournament, so I think ANA will give full support at the Final Session because as I know ANA has started to warm up or play and can be used as an exercise in preparation for the final tournament.

They really need Ana so badly. Still no one can replaced ANA as pos.1 even Sumail and worst MidOne. Mid One pos.1 is very unstable and he was always left behind by opponent pos.1, He surely not fitted anymore for Pos. 1. Saksa is doing great as replacement to jerAx as pos.4 although JerAx is the best. Saksa gameplay is very consistent and very stylish. I hope Ana will really back on TI or else we can see an early exit for OG on TI.
of course ANA is a very important point for OG victory, so when ANA is not in the competition at the start then I will doubt OG can win but when ANA is present then I am sure he can make the OG team win again and surely ANA will really really feared by many teams, because without ANA, OG will not feel alive.
Everyone is now talking about ANA after CEB's comeback. OG is not in their full strength without ANA,  their carry which is MidOne is not strong as ANA and it is the reason why they keep losing in many tournaments. They recently let go Sumail because of his poor performance and his bad attitude. The number 1 team in the world today is the Secret. Their carry is so good which is Matumbaman but he is no much to OG if ANA is playing. 
ANA is one of the best carry in DOTA 2 because of his IQ. He always invented crazy meta and build. He carry the OG many times and it is the reason why they became 2x T. I champion. I also excited to see ANA playing dota again, it's been months and he still in the rest mode. His teammate which is jerax already retired in playing Dota 2 but I hope that the OG will be in the finals again with ANA. The team Nigma and Fnatic are now also strong. OG really need ANA because they are having hard time to win in different tournaments.
146  Economy / Gambling discussion / Re: Like to hear what crypto sportsbook you are using? on: August 01, 2020, 05:18:15 AM
I'm using sportsbet.io for a long time now for gambling on soccer matches. I think you know how much reputed they are in the community as well as over the world. They have partnership with Watford as well. Their support is good up until now other than the recent accusation against them.
In terms of having reliable support,  sportsbet.io have the best support because they easily answer different questions and problems for its users who experiencing hard time on understanding the website. I used it for a months now and I do not yet experience any kind of problems. The withdrawal is fast and the fees are not high like the other sports betting site. Sportsbet.io have also good marketing strategies where their advertisement and promotions are all over the social media platforms.
147  Economy / Trading Discussion / Re: Risk:Reward > Pip count !!! on: August 01, 2020, 02:52:25 AM
I see traders boast about the Amount of pip they made in the market but I believe what should matter to you as a trader is your Risk to reward ratio.

If you are changing your instrument of trade as a result of the pip-move of a pair/currency, I think you should re-think your decision and factor in Risk to reward.

So many traders are not profitable yet because they fail to understand this.

It's high time traders stop chasing shadows.  Smiley
I agree with your point. Most of the successful traders only show their great profits to the community and this makes the new traders think that making profit is easy in crypto market. And this often turns into disappointment and discouragement of the trader when the lose their capital in trading. Profits are high, but so are the risks.

So, all the traders should mention their risk to reward ratio so that the newbies can understand the market and its volatility (unstable behavior) and the risk factor involved before they pour in their capital.
The ideal risk and reward ratio is 2:1, the higher the reward the better but make sure that the risk is low what is that mean? It means that every trade, your target profit is twice or more as your stop loss levels. The risk and reward ratio is important not just in risk management and also it can help you to identify if a certain trade is a worth it or not. I do not trade altcoins with a low reward because for me the risks are too high and it is not worth it to trade.
148  Economy / Economics / Re: Cash Is Trash on: July 31, 2020, 10:51:46 AM
Cash are not yet trashed but it can become a trash like what happened to the fiat currency of the Venezuela,  where they experienced hyper inflation and their fiat currency lose its value. Their economy crashed and until now they are still in the crisis where many families out there forces to go in other country because of the hyper inflation. The USD may experience high inflation rate in these days especially because the FED printed trillions of dollars where it can affect the supply and demand.
149  Alternate cryptocurrencies / Altcoin Discussion / Re: New exchange tokens worth investing on??? on: July 31, 2020, 09:15:14 AM
The leading exchange token is the BNB where it has the highest market capitalization and volume among the exchange tokens. I prefer to trade as long as there is enough volume and high liquidity. The exchange token that I do not want to trade are the tokens who are not popular where there is only few investors and traders that are patronizing it. There is no wrong to trade exchange token as long as we have good planning on how we will execute our trades.
150  Alternate cryptocurrencies / Altcoin Discussion / Re: Why people are buying when the price is going up and not when it is down on: July 31, 2020, 07:39:59 AM
It so funny with a bit sad to see that many people in this thread telling that averaging down is good strategy than momentum or swing trading,  sorry but it is the truth that buying while the trend is bearish is not good strategy. If you keep buying when the price continuing to make lower lows and lowers highs,  for sure you will incur huge losses. Why will you do that, it is a counter trend strategy where you are buying against the market. When the market is bearish, many investors are afraid and it is the reason why the price is continuing to become cheap but if you buy when the trend is uptrend, the probability of winning is so high because the price is continuing to become more expensive than before.
151  Economy / Trading Discussion / Re: Am I missing something ? futures trading on: July 31, 2020, 05:41:17 AM
ITS A LIE, PROFITS WHEN YOU"RE JUST STARTING ARE LIES.

Jokes aside, you should probably avoid the mentality of "this is pretty easy" kind of thing. Yes, trading could bring in massive profits, but that is if you were able to place your bets on the right place. It's ultimately up to you tbh whether you want to continue small or go for the big guns. Probably set a goal at first? Like not double your investment or anything, but rather a solid number like reaching $1000 from your initial investment. From there, you can try doing new things like betting big, but make sure you have enough funds to actually continue on the chances that you lose your big bet.

You're not really missing anything, it's just that you're new to trading hence it feels like easy (especially since you were able to double your investment). Take some time, you'd feel the frustration of losing sooner or later, so take it slow most likely.
What he experienced is just a beginner's luck after all, the market will get back the profits that he made if he will not impove and develop the skills that a trader that should have. It is not good or I should say it is wrong to say easy just because you make profit, there are a lot of skills and knowledge that you should know in oder for you to become consistent in earning profits in trading. A professional once a disaster, do not expect that you are a professional trader just because you double your investment in a short period of time.
152  Economy / Gambling discussion / Re: Poker talk - Specifically Hold'em - Hands and or strategy on: July 31, 2020, 04:33:24 AM
I would say the hardest part of a bad beat in a tournament is having to sit there and keep your shit together to try and comeback. Cash game you can just shut it down walk away get your calm. Tournament not so much... here's your next hand...suck it up buttercup. lol

The thing about staying calm and get our shit back together isnt as easy as it seems, especially when you only have that small stack of chips while the players before your turn have those big stack of chips. Those with small stacks of chips will get pressured easily with few raise and that might makes it even harder to stay with our composure throughout the game. Imagine getting bullied by the rest of the table and your hands sucks  Tongue . It totally left bitter taste on my mouth

Not to mention that the game has progress quite long and there is some good amount of ante that you have paid, now your tiny stack of chips getting smaller  Tongue
Psychology is important when it comes to joining and participating in certain poker tournament. You should have set of rules that you should always to follow in order to stay calm that can lead to create proper plan and strategy that you can able to use.  The pressure is real especially if you have only small stack of chips while the other players around you have towers of chips and there is psychological reason behind it where you think that your chips can easily be lost because it is outnumbered.
153  Economy / Gambling discussion / Re: Record Revenue for Blockchain Gaming Company During Pandemic on: July 31, 2020, 03:13:07 AM
When the pandemic begins, most of the traditional casinos in my country was force to close because of the virus and it is the reason for me to open account in different online gambling casinos and online betting website. Actually, I spend most of my time in playing dice, slots and even poker. I'm too bored also that is why I open an account in online gambling sites. The traditional casinos are now operating again so for sure that many online gamblers will switch to traditional casinos again but I will stay playing in online casinos because I know that it is still risky to go outside.
Boredom push us to do gambling, I also do gambling due to people who are showing their payouts despite lockdown and is able to win. It inspires me to do more gambling since I gamble once in a while before but during quarantine, I really do gamble a lot that came to a point that I includes it in my budget. I know many tries their luck in gambling and been depended on gambling during those quarantine and are trying to win to have profit or money to sustain their living due to loss of job.
Everything changed when the pandemic begins, there are activities that I cannot finish and do like the way before and it is the reason why it pushes me to spend most of my time in online casinos because it can kill my boredom. I'm a sports bettor before but it got changed because most of the sports in that time are not operating because of the protocols that they need to follow. I'm now used to play slots and dice and it helps me to be productive and kill the boredom that I keep feeling.
154  Economy / Gambling discussion / Re: The difference between a true Crypto gambling site and a Fiat/Crypto site.. on: July 31, 2020, 01:31:24 AM
Well I think legality is huge factor in casino having a cryptocurrencies, as we know crypto gained a lot of eyes watching it, there are governments who already written a law on it, there are taxed casino with casinos and all of that. Maybe what you are trying to say is that crypto is legal in your country, but that's not the same as the other country. Crypto is very controversial when it comes to table talk in the government coz most of it is decentralized which they fear.

The casino still not legal in some countries, and so do with crypto gambling. But so far, crypto gambling is available on the internet, so I think that is not in their jurisdiction, and they cannot do anything except let it the casino runs. The government will concern with the money that has been sent to the gambler's bank account, and perhaps, they will investigate the account to find if they get an income from the gambling business.

The online casino based on fiat or crypto will use a service that is not related to their country if, in their country, gambling is prohibited because they don't want to get a problem with their government.
Both crypto and fiat gambling sites requires legal documents in order to freely operate in a certain countires but the laws and regulations are more stiff in terms of fiat gambling sites. The KYC is also a big diffence between the two because in fiat gambleng sites requires identity verification because of they are only following the regulations of the government. In terms of crypto gambling sites, it is decentralized so there are some gambling sites there where you do not need to upload your identity there.
155  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin To Buy Now? on: July 30, 2020, 11:23:01 AM
it doesn't make sense to buy altcoin in this weather. need to pay attention to. you have to analyse prices and movements well.
That is right as you above mentioned it doesn't make sense to buy altcoins, but l think there are still some altcoins, which deserve to be invested in. However, as you above mentioned we must make great research before investing in any coin and focus on the movement of the coin. l think we must use this chance, l mean BTC has already started price increasing. No doubt there will be a positive effect on the price of other altcoins.
The potential altcoins out there are the ones that are really good and worth it to trade. I invested before in a certain altcoins because of the hype and it leads me to experienced huge losses, I know it is my fault because I rely my decisions on other opinions and beliefs. Choosing altcoins is important and vital because our money is on the line, we should not buy altcoins just because it is cheap. We should buy altcoins that have good 24hr volume and also have good liquidity in the market like ETH and BNB.
156  Economy / Trading Discussion / Re: What is your plan when Bitcoin will reach a new ATH? on: July 30, 2020, 08:11:57 AM
I'm a trend follower after all so I will buy and hold if there is now clear uptrend. Right now the current trend which is sideways are now transitioning in to uptrend and it is a good sign for me. My entry point will be in another breakout. When I do trend following, I usually do trailing stops so I do not have any target profit. In terms of momentum, the expensive price can become more expensive so holding while the uptrend is still intact is good strategy. If the price reached its current ATH, there will be another rally for sure because the major resistance is finally broken.
157  Economy / Economics / Re: Biggest winner during COVID? on: July 30, 2020, 06:56:17 AM
There are huge companies out there who are making more revenue than before like health care industry, manufacturing industry especially those who create face masks and other equipments that are required to prevent the spread the virus and also the online retailer industry who having more sales than before. Not all of business are affected by the Covid 19, there are really some companies out there that became more popular because of the products and services that they are offering in the public.
158  Economy / Gambling discussion / Re: how to win at casino on: July 30, 2020, 01:08:44 AM
If there is a perfect strategy to be used in gambling then there must be more winners right now than the losers or there must be no losers as of this moment.

Winning in a casino isn't as easy as you think. You've said it already that you gambled so many times already. Learn from it and you saw it already that there is no perfect strategy. Even the strategy you said isn't working with all of the gamblers. Winning in gambling is all about luck for me. No strategies, no skills just pure luck. Yes there are some games that requires skills and strategies too especially the card games but it will go down to how lucky you are in order to win.
It doesn't not required to be professional in gambling in order to win. There are actually beginners luck where a lot of new comers at casino winning huge amount of money that will become a catalyst for them to allocate most of their time to it. If you are a certain gambler who keep believing that you can rely on luck then bet or play gambling games that you have bias and good instinct.
159  Economy / Trading Discussion / Re: Hire Crypto Trader on: July 29, 2020, 03:02:47 PM

everyday new trader born, ready to send their money to "big guy"
Funny but quite true.  Cheesy
Just learn the system. thats it.

This is true and correct, But as much as we can let us trade what we can afford to lose.
And day trading I think is one of the best tools for us to earn crypto or bitcoin. This is what I did
actually for a year now. And it's been very helpful to me honestly speaking.



Its better to learn the loopholes of crypto trading than hiring a crypto trader itself. Here a knowledge is on  your own and you can get better positions or you can decide your own money. As a  tip, start on small amount first and practice, this way you gain experience and  hands on  skill of trading which you can apply also on stocks tarding.
Actually it is sad because those newcomers in the trading community are asking where they will find the best signals  best traders out there in order for them to be profitable. I understand what they feel because I also became like that before but I found out that it is wrong and it is better if we will trust our selves and forget other traders and also signals out there. Actually it is true that we should forget on finding signals, we should focus on finding the right trading system that is really fit to us.
160  Economy / Trading Discussion / Re: Which is more profitable, trading with Forex or trading with Crypto Currencies? on: July 29, 2020, 01:27:17 PM
It is really depends on what kind of trader are you, the answer is subjective so we cannot say that trading cryptocurrencies are more profitable than forex and also in vice versa. I trade both but trading I'm more used to trade cryptocurrencies than forex because it is what I want. I make money from both but I can handle the volatility and manage the risks more when I trade cryptocurrencies. Even though I'm earning more from trading cryptocurrencies, it still not mean that it is more profitable than trading forex.
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