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1741  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are we going to see a new altcoin boom soon on: May 04, 2022, 07:02:23 AM
everything will run continuously, there is no project that runs perfectly smoothly just because it uses a new concept in the world of cryptocurrency. The success of a project returns to the seriousness of the developer to manage the project, if the developer only makes the project tantamount to investing in failure. In fact, there are also some projects that are just hype at the beginning, after that they are not even worth it. Don't be too hasty about it, it's better to go slowly but have certainty.
Marketing is quite important part of it as well. People need to realize that if you are dealing with crypto then marketing is a huge part of crypto as well. You need to make as much money as possible from the pre-sale or however you raised funds and save that for marketing. If you create a magnificent project but nobody knows about it then there is no way that it will get any attention.

Best case for many people would be to make sure that you do marketing and get heard by as many people as possible. Along those who hear about you, if you are great project then many will follow and invest and then your project gets hyped and become big, if it is not good then it will fail but the decision lies within the marketing requirement.
1742  Economy / Speculation / Re: Btc price moving too much on: May 04, 2022, 06:29:14 AM
Volatility is something normal that BTC will always experience, if we start to see the market has many phases, which is accumulation and distribution, if we go to Wyckoff's theory, this is fulfilled, and taking into account the mobility of BTC from 2014 to 2017 the accumulation stage occurred and then the bullish trend stage occurred and then the Distribution, then the bearish trend and later the accumulation stage occurred again, I think that the volatility that It does all this in a period no longer than 3-4 years, which indicates that for the purposes of a pattern every 4 years normal upward movements can occur.
I highly doubt that we would have it in 4 years again, the increase started in 2020 but the real one happened in 2021, which means that by 4 year rule it should be either 24 or 25 when the price goes up too much and the volatility goes insane. I doubt that it would be that late, by the end of this year or next year we are going to see huge movements as well.

This time around we didn't dropped as much as 2018 neither, that was like 80%+ drop and some even went down 90%+ as well, I doubt that we will go down that much this time around, it is not even 50% drop on bitcoin right now, so it will not be exactly the same thing, it will be a bit different for sure.
1743  Economy / Speculation / Re: Bitcoin Breaks Past The $40,000 Barrier Again? on: May 03, 2022, 09:49:11 PM
More than 4 months the price of Bitcoin is in the range of $ 40K, when in early April the price of Bitcoin is almost $ 50k, I am optimistic that it will continue to rise, unfortunately there is another correction so as to make prices fall and look stable in the range of $ 40K. But I am optimistic that in May now the price will soon hit $ 50k.
That's the thing about crypto, if you think that it has been at a low level for too long, that means you are only getting closer to a higher price as well. I mean think about it, it can't stay here forever right? Do you really believe that the price will be 40k for 10 more years? Of course not, that means we are going to end up with a much better price "some day".

So, the longer we are here, the quicker we are going to be at the higher prices so there is really nothing we could do about this at all. Obviously, whales and all others want you to wait as long as possible so that you would give up and sell and then the price would go up and they would make all the profit.
1744  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: May 03, 2022, 07:12:34 AM
Ronaldo has already said he will stay at United even if they fail to qualify for the Champions League. United is more than just another club for him, so I don't think he will change his mind. Given his age, there is a possibility that we will not see Ronaldo in the Champions League anymore, but I agree with his decision. Let him finish his "big" career at United, and in retirement it will be possible to play in America or somewhere else.
I do not think that he is the type of player that will to MLS to play a few years and earn a ton of money. Don't get me wrong he would beast there even at age 40 for sure there is no doubt about that, but I can see him more like Lisbon type of player who will finish it where he started at Sporting Lisbon by not playing that badly but not providing anything of worth neither but that is a few years away, not anytime soon. He will probably offer something decent to United for another 2-3 years at least.

If we just take a time and consider what that means, he would be actually providing something valuable to United, a team at top 10 of premier league, at striker position at around age 40, that will be insane.
1745  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk bought Twitter on: May 02, 2022, 09:44:01 PM
I suppose it is not absolutely out of this world,,, a company that has probably over a billion active users (I am just guessing) might say each account could spend about $44 in the lifetime so there is a big amount of revenue to be got there and it is just the most popular crypto social media.

It is not like he cannot sell it back to someone else either.

Beyond us mortals for sure.
I wouldn't say there are a billion people using it, but a billion active accounts could be achieved probably. The reality is that there are about 300-350 million monthly users on twitter, which means that you would have to have a lot more.

But, you wouldn't need to make that money back in a single year, on average if you could have just 1 dollar per user (majority won't spend anything, I am just talking about average) then you would make 300+ million in revenue, so in 10 years you make 3+ billion in revenue. That's not too bad, not enough but not too bad, that would give Twitter a better valuation as well because the revenue is there and proven and people would want that revenue as well so he could flip it for 100 billion later on if he wanted to.
1746  Bitcoin / Bitcoin Discussion / Re: German Bank announces to support Bitcoin; says it's important to own private key on: May 01, 2022, 08:40:12 PM
Raffaisen Volksbank Bayern Mitte is moving in the right direction.



They are selling Hardware wallet, but also letting their customers deposit the Bitcoin in their cold storage.
Not everyone has the possibility, or the knowledge to self-custody.
The choice is theirs.
This is actually an improvement in the world banking where I wouldn't really expect it to be at this time. I mean maybe in 10 years we could see this becoming a bit more common, but in today's world I would have expected banks to be quite against bitcoin instead of being supportive of it.

I am not a German so I do not know what will happen or how it will happen, but I know for sure that this is a good news for bitcoin and Germans who uses bitcoin. Let's hope that they do it much better than any other exchange out there so that people would start to use it more and get the exchanges hear about their shortcomings. Exchanges have been monopoly for too long, they needed competition.
1747  Economy / Speculation / Re: BTC Sentiment Poll for April on: May 01, 2022, 07:10:02 AM
Yup I've been seeing some traders at CT starting to say that we should 'sell on May and stay away'.  That's funny and I'll prolly use that as some sort of theme for the May sentiment thread.  And with that thought in my mind, we'll see...  30k is still holding strong.  And who knows, BTC could see a bounce in May and give everybody more hope for another all time high.  Can't wait to hear everybody's thoughts.
Why may though? Like why did they picked May as a bad month to trade? I personally understand the logic of picking a month, but I always ask them why May. For example, last year it was a bad month, but a year before that it was a good month, there is no sustainable reason why it's a bad month.

I get the December good month logic, even though in 2018 it dropped, most years it goes up in that month but May doesn't seem to have that type of common drop to make it a bad month. In any case, I do not believe it myself, I believe each new day is a brand new day and shouldn't be looked at from the past movements and should be considered as a new month.
1748  Alternate cryptocurrencies / Altcoin Discussion / Re: Most trustable currency on: April 30, 2022, 09:45:28 PM
Guys, Can you really name the coins/tokens that you trust the most?
Just look at the top ten altcoins and you can deduce that they have the reputation, so I would say that you can trust them. Specially like ETH who have been the top altcoins and then some others like BNB, SOL, ADA and DOT. There could be others though not in the top 10, but investors would rather invest on projects that are really solid like the one that I mentioned above.
Yeah you are right, but sometimes that’s not really the case, there are some coins that would be on top the list and people wouldn’t really trust them. Take for example XRP, although in the case of this one I wouldn’t really say it’s because of something that is coming from the team, actually it was because of the lawsuit that they faced, and that kind of made a lot of investors to be cautious about the coin. But people are now starting to believe in the project again and the good thing is that it was still able to stay stable despite everything, and not like crash real big because of the situation.

Another one is USDT, at some point it became a big news in the market and investors were really afraid of making use of USDT because of the fact that they are not really backed by USD like they said, so sometimes it’s not really about the position of the coin in the market.
1749  Economy / Trading Discussion / Re: Experience of using a cryptorobot on: April 30, 2022, 09:25:03 AM
I think you're using the good bot for trading that's why you make a 25% profit on your investment, I suggest you should withdraw your profit because I have no good experience with the crypto bot, I was used the KUCOIN exchange trading bot and I have lost me all investment, there was no big investment but most of the bot not profitable so you should safe your profit if you made 25% for the crypto bot.
I think is time people stop depending on bots and they should start trading their selfs, your trading bit is giving you 25% profits and you are really happy, but hope you know bots are programed which they can never be 100% accurate which means their will be a day which they will definitely fail and after the bots fail all your money is gone already. So i believe I high time we all learn how to trade ourselves and stop depending on bots.
I do not think that people relying on trading bots is a bad thing, it all depends on how you use it and how you could make a profit based on it. I personally do not use one anymore but I remember the period when I used one and it wasn't that bad, it was bad during the bear period, when it was going down the trading bot usually lost more than I would, and that was the reason why I stopped using it.

However, during the bull period when everyone was making money, the trading bot I used made me more money than I could have personally. This is why I believe that it is not really that difficult to use it and could be beneficial for some newbies for sure.
1750  Economy / Gambling discussion / Re: Crypto.com as Sponsor's for FIFA World Cup on: April 29, 2022, 03:35:00 PM
Crypto.com can be spotted on UFC fighters t-shirts and on octagon. Or, you are soccer fan, Los Angeles soccer club Angel City has Crypto logo on their t-shirts. Or, if you are Formula 1 fan, you might spot crypto.com banners on the track. Also, I think crypto.com has made partnership with Aston Martin racing team, but frankly, I havent noticed crypto logo on a bolide.
Crypto.com has been spending money on Hollywood as well, we have seen them work with Matt Damon as well, Lebron, Larry David and many others. I feel like it is such a great thing for us because the name is "crypto" .com and that tells us all we need to. As I said before if Binance or Coinbase did this, it could have been a bit different results but crypto.com puts the cryptocurrency idea in people’s minds and it helps them as much as it helps us as well.

All these sponsorships must have cost them so much money and I mean like SOOOO much money. It is great that we are finally seeing them actually getting the recognition they deserve with this Fifa world cup as well.
1751  Economy / Trading Discussion / Re: Can newbie become rich with trading on: April 29, 2022, 08:34:37 AM
Everything that you wanted to learn if you're new to it will always be difficult, what matters is your persistence to learn and develop new skills or knowledge. I'll tell you, even newbies can profit, but depending on every situation, it wouldn't last unless he just follows his impulses. It requires a certain amount of good behavior to profit and to get more profit in the long term.
That persistence could be a difficult thing if you focus it on the wrong thing. For example I love writing, it is the most wonderful way of expressing myself and it is basically like a hobby. I work as a content writer AND still write for a few games I play (role playing games where it is required for you to write), so you know I would be persistent at getting better at it.

However, back in 2016-2017 period I studied coding so that I would make a lot of money, that is what I assumed coding will be all about, making a ton of money. In the end, I quit after like a few months because it wasn't for me, so I wasn't persistent at it. So, pick the thing you would love, not the thing that would bore you to death.
1752  Economy / Trading Discussion / Re: Traders paradise on: April 29, 2022, 06:58:34 AM
Exchanging on the grounds that somebody told you or for income sans work you ought to expect some negative as well exchanging can make you bankrupt as well. Later on it might turn out that you don't have the outlook that a fruitful dealer needs and you will end up in other safer exercises like money management or mining.
I guess he didn’t learn anything about cryptocurrency trading before he started. He just got interested based on the fact that a friend of his has introduced him to the work and also has shown him how much of success they have been able to make from trading cryptocurrency. So, he has just thought that it was going to be that easy for him to also make that kind of money from trading.

But, that isn’t how it works. Crypto currency trading is something that requires a lot of work and is not just what you would get into when you have no idea of what you are meant to be doing. This is not gambling.
1753  Economy / Trading Discussion / Re: Is Using a Stop loss "Good" or "Bad" on: April 29, 2022, 06:08:04 AM
as far as I understand if we use a stop loss and want a big profit then we have to look at a bigger time frame as well. it means that our stop loss placement will be further away with the profit target going further as well. actually using a stop loss or not, this is not required, the most important thing is that the trader can understand and take care of himself to remain disciplined in his analysis
This would allow you to actually arrange your stop loss to a point where it is generally going down and going up, you will see that it goes down to a level and bounces after that price, if it goes under that then it would be a new thing and it could mean risk, but it stays above that then it could bounce back.

Famously, we could talk about 38k right now, if it goes under that, we haven't been under 38k in a long time but we are close right now, which means if you put a stop loss to under 38k, then it is either going to go down to 38k at worse and jump higher from there and you wouldn't hit that stop loss, or it will go under and maybe reach like 33k at which point that 37.5k stop loss would help you.
1754  Alternate cryptocurrencies / Speculation (Altcoins) / Re: SHIB Listed in Robin Hood on: April 28, 2022, 06:32:10 PM
I agree that listing wouldn't really be showing the value just after a week, but I also believe that listing means nothing as long as you are already listed in Binance. Robinhood is a great place and all but I do not believe that it would actually bring in anything substantial after Binance already listed it. Plus, being ranked 15th already means that they are doing as well as it could be hoped from them, I am not really expecting them to crack into top 10 and that means we are going to end up with something quite similar to this and nothing bigger.

I am not saying that it will not go up, all I am saying is that even if it does go up, it will be mainly based with the market going up as well and nothing too different from the market so they will not be ranked too much higher up, maybe just one or two spots but that's it.
The biggest reason why getting listed means nothing for the price is the fact that if you have volume then anyone would want to list you. This doesn't mean they support you or even have money in you, it just means they want to profit.

This much I can guarantee, shiba being in robinhood makes no sense to me, like it doesn't even say that shiba is decent or good or bad, it just tells me that it has volume. We have seen plenty of shitcoins that had volume of it is not a new thing neither. At the end of the day we have seen that there weren't that many people who got hyped about this because price didn't skyrocketed, which is a proof that shiba lost its hype already.
1755  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are the criteria for choosing altcoin on: April 28, 2022, 05:10:08 PM
ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.
They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.
Most newbies only saw the period where they invest into a project with the hopes that the team behind it would do something to make it go up. In fact, this reach to a level so much so that they actually pressure the teams to do something that will make it go up, basically telling them to make them profit.

So they invest, talk with the creators to see how they will do something, and hope that the thing that will be done could increase the price and then sell. This has been the era for the past 2 years, all newbies do that. People can't understand that even the 2.0 idea behind ETH is not a guaranteed thing, because there are no owners or creators.
1756  Economy / Speculation / Re: Why the price of Bitcoin still in such a state? on: April 28, 2022, 12:06:47 PM
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Does it matter? What I mean by this is that some people care a lot about why something is happening at the market when the most important thing is what is happening at the market, it may seem a very slight difference but it is not, if the price of bitcoin is going down it is simply because the ones invested in bitcoin have decided as a group that is going to be the case, so what maters is what are you going to do about it and how do you take advantage of the situation.
At times it does matter, maybe not this time but there are periods when it matters. For example when the price hit 64k for the first time in April of 2021, china "banned" crypto again, which they did a million times but they just ban a niche part of it each time, this one was mining I suppose, and Elon said he will not hold bitcoin anymore, or buy, or accept bitcoin payments for tesla something like that right around the same time as well, a few other minor things happened in bear move as well.

So all in all, that mattered because it looked like a coordinated attack. When those type of falls happen, it is dangerous to us all, but these ones we are seeing today? That's nothing, no bad news at all.
1757  Economy / Speculation / Re: Bitcoin Every 4 Year on: April 28, 2022, 07:00:35 AM
Pump after the halving, and so that starts the bull run. At least in my case, my first time seeing the bull run is in 2017. And then the halving in 2020, and massive bull run in 2021. So yeah, for us who have seen this, it's better to accumulate at this bear market and hold and wait till 2024-2025 because history might repeat itself again. There is a prediction that 6 digit could be the next target, and we might it that price as the new all time high next bull run.
I have seen the 2013-2014 increase, and the 2017 and now the most recent one. I can tell you that it is the same thing, just one more doesn't really change anything. Accumulate as much as you can during the bear, then start selling when it reaches a high point and when you take the initial investment out, keep the rest and repeat that forever until you retire.

So, let's assume you buy bitcoin at 10k, you sell half at 20k and keep the 10k in, then it drops to 3k so you have 1.5k, you invest 3k more and get out at 6k, keep repeating that and during the 68k period you would have both one bitcoin, and you would have all of your money back and would be like you never invested.
1758  Economy / Economics / Re: Russia suspends gas supplies to Poland and Bulgaria for failing to pay in rouble on: April 28, 2022, 06:08:03 AM
In terms of pure motives, this is completely understandable.  No one denied the power they had in oil and gas, they needed to untie the ropes tied to the rocks to minimize the extent of the sinking.  They may accept bitcoin as an alternative to the ruble, but it would be better to strengthen their native currency.

I think Putin is still the knifeman in this regard.  Winter is coming and the initiative is in their hands.  I expect the US and EU response to this scenario and I think the symptoms can last longer and there is no exception in the European countries.
It would be counterintuitive if they start accepting bitcoin. I mean it would help them bypass the sanctions when they want to get money out, which is what people wanted to do, oligarchs mainly, because they had too much money in Russia tied up and they wanted to get it out when they heard about sanctions.

But when they want money in, then they need to accept ruble just so that people would buy ruble and make it gain some value. We should all remember that it started at 70's range per dollar, then went to as high as 130's if I am not wrong and back to where it was, maybe even a little bit better all thanks to the fact that they force everyone to pay with ruble.
1759  Economy / Economics / Re: Inflation and investment on: April 28, 2022, 04:59:03 AM
Oil/gas will eventually go away as the main thing to spend. From simple small cars to a huge truck, everything will be based on electricity. However, we need to make sure that we create that energy in a clean way as well. If you burn coal and create energy and then use that for your Tesla, that’s not clean at all, this is not helpful to anyone, it is not better than oil/gas. If you do hydro, solar, wind and such then using that for your electric car could be something awesome for sure.

We are talking about something that is better for the distant future, because we could keep on investing renewable energy but electric cars all in itself by default is not a good thing if you produce bad energy from bad sources.
It's getting there but with a wrong way though. We have been going higher on solar and win for sure, but we are getting higher on hydro and nuclear energy as well, specially the nuclear plants seems to be the riskiest and yet the most profitable one without ever hurting the world until it collapses.

Chernobyl is not a disaster that just happened, it is also a cautionary tale for all the future ones as well, one happened in japan as well if I am not wrong. Long story short, we should be moving to spending electricity instead of fuel, but we should also focus on clean energy that is not dangerous for us as well, since dangerous ones could kill us very quickly.
1760  Economy / Trading Discussion / Re: Traders Stop Being Greedy. on: April 27, 2022, 06:04:49 AM
It is like you are trading blindly and relying on your luck, the results more than likely would be catastrophe to your funds. Even if you are driven by your greed, it is always better to do some background check on the coin/s that you want to get involve with. You can also keep up with the updates and news from their social media channels because like it or not, you can read or feel some hints when you are reading the content of their social media channels. They won't disclose all but you will get a gist of what is going on that will give you idea on how to trade their coin.
At some point anyone can be moved by greed, but when you have learnt what the most important things are for you to do, then you would never fall for any sort of mistake, you would always know what to do and would likely avoid any problem ahead. So, the most important is having the skills and being aware of the right things and the methods to follow, there are methods that are meant to guide us in whatever that we are doing in the market, it’s really important.

And also we should learn not to let our greed push us to making the wrong choice at any moment, even though it's normal that at some point humans can be pushed by greed, but we should have the ability to control ourselves.
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