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1  Bitcoin / Bitcoin Discussion / Re: The problem is that it could take again many years to recover on: May 16, 2021, 07:41:03 PM
you just proved that your only here for the pump and not for the dump .
Everyone is bound to watch the market dump and there is nothing that is going to prevent that. He can sell the coins and watch as a spectator when the market goes down and that is what majority expect to do until they invested after the rally reached its highest valuation as they are once who are usually forced to sell at a loss.


im used to the dump after a pump because once i sell i can buy at low again and so what if theres no 100k , 1million , and so on but as long as value recover and pass more than its last value   , i can still earn something  .
It is a general expectation that the market would build stronger with time and till now we have not seen the support valuation we see before the rally after the bull run even after a major crash and when that cycle is breached we might see more panic in the market Cheesy.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The bull market is back? BTC is 57k on: May 15, 2021, 11:54:09 PM
Don't pull your eggs in one basket, we don't know when the crash might exist and I don't know how you can handle it at worst situation. Just split your money towards other coins as your asset, because we can't rely only at one holdings. The many the more chances to acquire sustainable profit in the first place. Bull market is still trying to battle resistance, so for now we're still struggling to see it towards more than $60k.
You cannot follow and expect the same kind of path like the stock market in the cryptocurrency market, if the market starts its downward rally then the entire market will crash along with it and the smart thing you need to do during that period is to hold the coins in a stable currency and i would prefer to hold in Dollar or Euro or any stable currency till the market settles down rather than diversifying when the market is crashing  Grin.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Will the collapse of the media mean the collapse of cryptocurrency? on: May 15, 2021, 05:43:41 PM
Do you think the collapse of the media (Say a media blackout) can trigger the collapse of the value of cryptocurrencies?
Is it even possible to have a media blackout and does it really have anything to do with the market valuation. In the past each and every news coming out of China had an impact on the market now what i have seen is that any tweets from Elon Musk is creating a buzz in the market, what i think is that these are momentary and it will change. The only concrete thing i can say is that when the institutional investors starts selling then it can trigger a collapse and nothing else.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Shopping time guys. Fill your bags now. on: May 13, 2021, 09:29:00 PM
Indeed, a huge dip for crypto currency price is the opportunity to buy some coins that has potential like ETH or BNB. I have bought both of them and seem like I'll choose for short term strategy first since there is a chance for crypto currency price back to dump again.
If you are confident with the market situation and if you think that the market will continue to rally then you can invest money even at this stage. From my experience i would wait for the market to settle down before making any investment decisions.

I see some threads that has been discussing about the current dip especially for those who worried against bitcoin price movement. Because the current dip was affected by Tesla who remove bitcoin being used as a payment system tool. Usually this situstion will happen not for a momment.
The perception is that the correction happened because Telsa removed Bitcoin payment and if i remember it correction the addition of Bitcoin payment was a huge factor for the price to rally as well even though there is no direction correlation.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: I Wouldn't Invest $1 In Dogecoin And Here Are 10 Reasons Why on: May 10, 2021, 07:17:23 PM
1. 108 addresses (whales) own 67.34% of all Dogecoins so price could drop 50% in a minute.
If you look at majority of the coins in the cryptocurrency market you will find out that a few majority will be holding a large portion of the coin.

2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.
Is ETH and XRP any better in terms of the number of coins.

3. Despite what Elon Musk says this coin has no real utility. Even if a company paid with Doge for Musk to send a satellite (because Musk asked them to use Dogecoin) it still doesn't mean a thing. They could have used carrots or Zimbabwe dollars instead.
It can be used to purchase goods and services and many gambling sites accepts Doge coin while thousands of other coins are not used anywhere other than a speculation tool.

4. This coin is all about hype. Once the hype is over down it goes. Even if Musk will boost his toy as long as he wants one day he may get bored like all billionaires do.
You can copy the same sentence literally to all the coins in the cryptocurrency space, it is all about hype and you would be foolish enough to think that a single person could manipulate the Doge market.

5. This coin is a meme. A really good one that I've enjoyed myself! We all like good jokes but we also get tired of them sooner or later. A joke is a joke and the joke could be on you.
Started as a meme and so does Litecoin and many hundreds of other coins in the market, they were all created for fun and that does not mean it will be considered shit throughout their existence.
 

6. Imagine a real corporation/business putting their investments in Dogecoin. You have to be a little insane and there aren't so many dumb people out there as Elon thinks.
Once again gambling sites that accepts Dogecoin will be investing in Doge to hold as reserve.

 Tired of replying and hence skipping the same old repeated question.

10. Even if it will ever reach $1 this coin is not sustainable in the long run. Musk will have to pump every few days with his tweets. When this coin will worth $1, BTC will easily worth $100K or more. Dogecoin has always been pump and dump, look at the coin's history and look at BTC.
The pump in the market cannot happen with a tweet, people are investing money in the coin and so is the reason the value is increasing, every coin is a pump and dump and if you look in that aspect literally each and every coin is a pump and dump.
6  Economy / Speculation / Re: Bitcoin will never go below $50,000 again on: May 10, 2021, 05:58:39 PM
Bitcoin will maybe go below 50k$ but not this year,  ...
I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.
I think it is wishful thinking to expect the market to be bottom around $50k. i am expecting the price to have a major correction later this year or early next year because we need to understand that the rally started earlier this year if you compare the rest of the rallies and hence i am expecting the bull run to end early, only time will tell whether my speculation or yours will win in the end Wink.
7  Bitcoin / Bitcoin Discussion / Re: Elon Musk please stop messing up the crypto market on: May 10, 2021, 12:19:17 PM
He's obviously manipulating the market for his own good. He has done it with Bitcoin a few months ago and after gaining a huge profit, it switched to Dogecoin and it's crazy that lots of his followers are listening to whatever he says. He's now using his popularity to get richer in crypto. As for me, he's just taking advantage of his fame to manipulate investors.
He is not switching on and off with Bitcoin and Dogecoin, he is consistent with his Dogecoin shilling which he is doing for the past few years and now for the first time we heard about his company investing in Bitcoin.
Since there are many debates going on in the social network about whether Elon Musk is manipulating the market he just dissed the Dogecoin by talking about it in an interview he said it was a hustle and that shock the market as it went down drastically as if no one knew what was happening Cheesy.
8  Economy / Gambling discussion / Re: 💰 Summer Tokyo 2020 💰 Discussion and bet thread 💰 Summer Game 💰 Postponed 21 on: May 09, 2021, 02:25:41 PM
It will be a strange Olympics and I do think that we might see some more surprises than usual. Some athletes really thrive on support of the public and when this falls away, it will be totally different.
Everything is unusual for the past two years, even though the sporting events have resumed there are no audience allowed in the stadium and the most irritating part is the fake voices they produce in the name of replicating the old scenario. The Olympics is no exception and Japan never imagined that they would be spending billions more than they anticipated as the delay will cost them huge amount of money and we might see a Olympics without audience.
9  Economy / Gambling discussion / Re: Do I need to pay Tax on my Crypto Gambling Winnings? A guide on: May 09, 2021, 07:43:43 AM
So the tax man wants to sow from my emotional and long losing streak and I make a comeback and in the end want me to make tax returns to them....I will take my chances.
As far as i know you are not bound to pay your tax on the losses you make, calculate the capital gains you earn when you gamble and that is how much you need to pay according to the tax percentage of your country.

Btw In the event you pay tax on your initial tax and you choose to hodl your coins for several years and your holding goes up 10000X will this be subject to another tax in form of capital gains tax??
You do need to pay taxes for holding the coins in cryptocurrency, in the event you withdraw the coins and convert to fiat currency you need to pay the tax as capital gains and how is how i am going on with my business.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: ApeSwap Vs PancakeSwap on: May 08, 2021, 12:24:32 PM
I have been thinking that ApeSwap will supersede PancakeSwap in the future and the price of BANANA will hit $50. What do you think about this new innovation in the crypto space.
I have no idea about all of these, even i thought about checking about them because of the hype and even if i do not think that it will be challenging PancakeSwap in terms of the liquidity as they always have a better edge because of the Binance product but if the UX and performance are great ApeSwap will be a good competitor and it will attract users.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETC new historic ATH exceeds 900% in just 3 months on: May 08, 2021, 04:42:02 AM
ETC new historic peak exceeds 900% in just 3 months
The price of ETC has gone up insanely for the past 2 days I have touched about $ 100 after it was just $ 9 about two months ago !!!
Another magical development in ETC, i am wondering what is happening to the entire cryptocurrency market. All the coins are rallying as if they are launching to stratosphere and no one bothered to invest in them as majority never had any expectations about a huge rally and now Dogecoin and ETC along with BNB has surprised many and the sad part is that i converted almost all my ETC to Dogecoin when the rally started in Doge and now i regret my decision.
12  Bitcoin / Bitcoin Discussion / Re: Can bitcoin be hijacked by world billionaires??? on: May 07, 2021, 10:31:06 PM
Even if there's a limited amount of Bitcoin circulating the market this would be enough to make Bitcoin price nearly go to 1 sats is equal to 1 dollar. Scarce of Bitcoin makes it more stronger and will affect everything. That means the price will pump beyond to what we could imagine.
Since you are thinking about the price of Bitcoin going to 1 Satoshi equaling to $1 Dollar, have you ever imagined what the transaction fees would be, right now we are spending around 40k Satoshi to make a transaction and going by your prediction you have to shell out $40k per transaction and do you think logically that anyone would do that  Cheesy.

With the price so high right now, Billionaire investors dominates the market, we cannot say that they are hijacking the market, it is a capitalist market place and everyone is free to do whatever they want.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen to XRP market now that SEC is suing Ripple? on: May 06, 2021, 05:36:58 PM
I am no fan of Ripple and I think that whether they have committed this specific crime, they have been certainly creating dubious news and manipulating the public perception beyond what could be a reasonable marketing.
It is not a big surprise that Ripple is a heavily premined coin and i think that they have done the kind of activities that SEC is claiming, collecting money without registering as a security with them and i have no idea what will happen because when the news appeared the market crashed but then after sometime the market recovered strongly and i have no idea how that happened.
14  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is this a correction in before altseason 2021 ? on: May 05, 2021, 05:14:08 PM
The market is recovering today and it is difficult to predict how long we will see this rally but the way in which huge investment are returning once again whenever there is a minor correction shows that we might see another huge rally from this stage before we see a major correction. All the alts rallied this time around and there if there is any alt that failed to do so you just get rid of them or look for a good exit point.
15  Economy / Gambling discussion / Re: [Boxing] Floyd Mayweather vs. Logan Paul - June 6 on: May 03, 2021, 07:11:43 PM
The more buyers, the better. Because if they will make it expensive, people will just wait for the free live streaming. Only those hard core fans will buy the PPV. Let us see how many buys they will declare here after the fight. And besides, if this will only last like one or couple of rounds, I don't think it is worth to buy PPV. Just my opinion.
I doubt hardcore boxing fans will purchase the PPV but anyone who is following Floyd Mayweather and the fans who expects him to get knocked out might purchase the card and i think Logan Paul has a lot of fan following in social media as well and so is the reason he is able to put together these fights even without any professional boxing experience and yet making a hell lot of money.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Most awful Shitcoin on: May 02, 2021, 07:46:41 PM
So far, many shitcoins have been launched, including scams or coins of lies, like BSV from Craig Wright, also called Faketoshi.
BSV is a fork from BCH and you cannot include that when there are literally thousands of shit coins in the market.

Some coins are not right visibly scams but fraud coins like Tron or Ripple. Most fraud coins are centralized which is very bad for a coins because it is not censorship resistant and very unequal.
Frauds are centralized but not every coin that is centralized can be a fraud, cryptocurrency is not created to resist censorship or to stay away from the government. I did have the same thoughts years ago but when you think about global adoption you need to abide by the laws and abiding by them means there will be some sort of censorship.

 
I hope all of you can list and explain which one is in your opinion our most awful shitcoin?
Plz post below!  Smiley
If you start posting all the shit coins i can keep on writing for pages as i have seen countless shit coins in my time in this market. The worst were the direct ponzi scams where they were able to collect billions like Bitconnect, PlusToken and OneCoin and the kind of fan following and supporters these scams had was mind blowing as well.
17  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: May 02, 2021, 06:02:10 PM
~
Overall, there is a trend in the middle east nations to make their laws a bit less conservative. But to start with the true orthodox countries are Saudi Arabia and Kuwait, with the law being more relaxed in the other countries. In many of the smaller countries, the natives are outnumbered by the expats by as much as 5 times. That may be one of the reason why the laws in countries such as the UAE and Bahrain are more liberal. But in Saudi Arabia, the natives are still in a solid majority.
The rules in Saudi Arabia will make anyone living in a free world roll their eyes as woman has no rights and recently they were allowed to get license and what i have heard is that they are planning to make rapid changes by allowing movie theaters in the country which means they were living like they belong to cave mentality and now they are trying to make some changes, so to expect entertainment and gambling in those countries will take another 100 years  Cheesy.
18  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: May 01, 2021, 10:10:55 PM
The UAE is considered as one of the more liberal Islamic nations and should not be compared on par with conservative nations such as Afghanistan and Somalia.
I have also heard about Dubai been a liberal country than a strict conservative country like Saudi or similar countries and i did have a friend who went to Dubai for a few months due to his job schedule and we thought he will be in a dry country and that too conservative but what i heard is that he really liked the weekend parties and the crowds in the pubs are really classy.
19  Bitcoin / Bitcoin Discussion / Re: Tesla and market manipulation crime on: May 01, 2021, 04:50:00 PM
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.
It is an open market and no one forced anyone to invest in the market and i cannot understand what kind of crime took place if you are investing in a market and then booking your profit. If they are taking advantage of a situation before the event taking place and then placing huge amounts can be considered as manipulation. Here in this situation they only played by the books, they never announced before hand that they are going to invest in Bitcoin nor did they inform that they are going to book profit beforehand.
20  Bitcoin / Bitcoin Discussion / Re: HODL vs Staking, What is the best strategy? on: May 01, 2021, 02:31:50 PM
Do you guys ever hear about holding bitcoin in staking platform?
Just forget about risking your coins by trusting a third party. We are here in the cryptocurrency market so that we do not need to trust a third party in holding our coins and there is no point in risking all your coins for a few coins and we have seen many exchanges dying in front of our eyes loosing billions of dollars worth of coins in the short period and anyone with sense will not risk doing that.

That said i have staked coins in the past but it wont be huge amounts and i will never trade bitcoin for other coins no matter how profit a third party is willing to provide.
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