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April 23, 2021, 03:26:58 PM *
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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin advice on: April 22, 2021, 05:58:06 PM
If you want to gain a better profit then don't invest with shitcoins but rather choose top coins with good potential and huge trading volume. Always make sure that you'll always buy during the dump and always do your own research so you'll have a complete idea of how to deal with a certain coin. However, you have to keep in mind that there isn't always a guarantee of gaining a huge profit in crypto since it's volatile so set a target goal and hold until you reach it.
I believe these are suggestions we are giving out regularly but most people never find chances to listen and following but committing simple mistakes like catching a shitcoins at its top or simply missing out to buy bitcoin kind of good coins at bottoms. People ask advises but not sure they are making use of them or not. This forum is here to spread the knowledge so making use of this forum is all individual investors basic responsibilities.

Filtering out shitcoins and investing only with known coins is simple way to crack quick profits in this crypto space along with current bull run. I doubt only very few people are doing like that and most others are too buy on finding what is next dogecoins Shocked.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Learn to appreciate the DIP. on: April 22, 2021, 05:16:14 PM
those who are still panicking suddenly will feel better when they are used to the downturn in the market, because usually those who panic are new people who have no experience in the crypto space so they tend to quickly release the assets they already have.
That is why being knowledgable enough is really essential in crypto because it will make them rich and wise with regards to their decision. Another important thing is to identify whether the sudden dump is just a dip or it is actually starting to a bearish market. Some people lose the value of their assets cause what they know that it is just a dip and suddenly the market price didn't recover and they are left in the air with thier holdings.
Yeah knowledge is key in this crypto space. Knowledge which is gained from experiences rather than learning would be more handy to make use of the situations. If we notice then we can easily spot out how market is moving based on few patterns and just following that pattern and profiting will be possible when we are good in knowledge and experiences.

Making use of correction would be an easier method to make good profits in this crypto space but unfortunately most people are afraid to make use of dips as they have reasons like expecting more cheaper prices or lack of funds due to poor money management.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Will XDN be the Next DOGE ?? on: April 22, 2021, 03:45:42 PM
As i am watching the coin Long time ago i see that the Team is working on it.

The Coin is on Bittrex and Hitbtc now.

i have invested a little bit in this project and i want to know more about your ideas about it.
Where and what that team is working? How do you know about that? Do have any sources for this community so that everyone will be verifying their activity? If so, please link us to confirm.

I am sure no other coin will be getting into the rate of growth what dogecoin just had. If anything similar to that will be happening then we can easily get such information from Elon Musk's twitter itself. So, do not expect some random coin to be copying the footpaths of dogecoins.

Moreover, just got listed on bittrex alone will not define the potential of a coin. I am not seeing hitbtc is maintaining good reputation among this community.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin i should choose now? on: April 22, 2021, 03:10:19 PM
Do you think will invest in ETH not? People still think investing in Bitcoin for profit. But at ETH so has the potential.
But I am expecting something upside down to happen in future. Ethereum may not able to sustain against heavy completions from other similar dapps platforms. I am seeing already there are many new and innovative smart contract based coins are available in the market which may lead to end if ethereum if ethereum will not solve it congested network.

The future it can overcome Bitcoin and head on the electronic money market.
Ethereum is not a money nor asset. It is a base token for smart contract platform. You need something high technical to be leading the electronic money market; may happens only in dreams.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: What goes up must come down on: April 22, 2021, 02:07:59 PM
cryptocurrency especially Bitcoin will not increase significantly if there is no role and support from large institutions, although sometimes large institutions are able to damage market prices but on the other hand many are benefited, we can buy bitcoins when the dump occurs and wait for the game to return to be done by large investors to be able to raise the price again
No, I will not agree that bitcoin will not increase if there is no institutions are participating. Because, bitcoin got proven track of rising market after halving which will make people to cancel their sell orders and more people might have bought out of FOMO. It means bitcoin might be into bullish mode still even without help of institutions.

At the same time, I doubt without institutions, bitcoin might be trading below $30k levels by this time as we are still in April month but we had 3x growth from last cycle's ATH, big thanks to institutions.
6  Economy / Economics / Re: Is master card giving us the go ahead to keep buying coins on: April 22, 2021, 08:25:58 AM
If this happens our banking system would be forced to do major transaction in crypto currency or else the might just have to suffer deflation on the long run. Considering the fact most companies now transact in crypto currency and pay workers in crypto currency as well
This is false. The banking system definitely wouldn't be forced to do anything. One company allowing for crypto transactions isn't going to anything consequential to the overall banking system, and 99.99% of Mastercard's own transactions are still going to be denominated in USD.
I believe that one system will not get disturbed by others just because of what other companies are newly adopting or continuing what they are doing for years. I could not get the point of how if major transactions will be happening in crypto will lead to deflation? A payment processor does not need to worry about anything like this as they are working as a hub and not controlling one thing for another. I expect in the near future, MasterCard will be a prominent payment system with both fiats and crypto options and I guess both of these payments stream will exist without troubling each other.
7  Economy / Economics / Re: "BTC not a currency per se but can be an alternative asset" China on: April 22, 2021, 07:42:23 AM
In an interesting turn of events, China's tone on BTC has "softened". Who was expecting this change in tone? Not me. Not after all the crack downs on exchanges or ICO bans and the works they are doing with their CBDC.
Not just with China, I am seeing many other countries especially India government also changing their view on bitcoin (cryptocurrencies) time to time is. If I remember exactly, by 2015 itself most European countries have agreed with bitcoin to accept it as one of the digital asset; in this way China is too late. Probably China might have concluded after their inability to control/regulate cryptocurrencies for their people which might have enforced them to be softened like this; not a surprise, most countries will be enforced in similar manner in coming years.
8  Economy / Economics / Re: The Country Cryptocurrency vs Bitcoin on: April 22, 2021, 06:53:51 AM
some time ago the UK finance minister openly said he wanted to beat Bitcoin by creating Britcoin.  i see his ambition is really absurd, even though we know the UK is one of the most powerful countries on earth that has ever controlled 1/4 of the world but beating Bitcoin is mission impossible.

Bitcoin is a decentralized cryptocurrency whereas Britcoin is definitely a centralized currency, this is what will make Britcoin just be another Altcoin as usual. 
Yes, any country specific coin will be just another altcoin and bitcoin will not get any impact due to that and definitely will continue how it is already doing. Moreover I am just seeing those country specific coins like electronic version of fiats; more preciously electronic version of fiats on blockchain.

I am sure not just Britain, many countries will come against bitcoin like this in the future but how people are going to react to this will be the short-term problem and in long run I'm sure bitcoin will not be having any problem as people will understand the benefit of adopting bitcoin after trying those country specific coins.
9  Economy / Economics / Re: Markets taking profit on: April 21, 2021, 07:07:32 PM
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
I believe profit taking is a good move when the market is in need of money, but is it already done? I mean I do not know if it is already done going up. It is happening in bitcoin as well, there are people who are trying to take their profits so that they can live a better life, many people made a lot of money, but that doesn't mean that it's done, that doesn't mean that they should stop, it is really not a smart idea to let these things happen this way, they should be more careful and they should be doing something much more profitable than just taking out their profits.

This is why I believe there is nothing we should be worried about the future of these prices, bitcoin, nasdaq, any stock market really, gold, oil whatever we are talking about, if you are taking profit right now, I feel like you are running away early and not finishing the race.
10  Economy / Speculation / Re: April 14, Coinbase IPO and pump on bitcoin? on: April 21, 2021, 05:13:33 PM
The truth is that everything is relatively new, it is the first time that new ATHs for Bitcoin occur at the same time, a new intrinsic visualization of Bitcoin on Wall Street, every article I read from Wall Street about Coinbase is trying to find more details Of course , Coin's second week is just beginning.

The pumps that everyone expects may not happen now, but investors are seeing great possibilities, of course it is only the beginning, being able to do a long-term analysis is not possible yet, it has no relevant background, I think some will buy and wait for a couple of years to make a profit, I do not think that in the short term there will be very important movements or with some volatility.
Think about it this way, when the halving happened price was around 10k, and all throughout the summer the price was around 10k as well, it didn't increase, I do not remember when it started to increase but I remember before the year ended it didn't reach 30k neither, it was under 30k before 2020 ended, so that means we are talking about 3x increase in 2 months or so time when pump started, and another 2x on top of that afterwards, a total of 6x increase from October or so until march, that is very quick but at the same time we were still same price after the halving.

I see this about the same, IPO was great, it will impact the price, but that may not happen for a few more months. Now that Coinbase is a publicly traded company, people will trust them more and more and those huge companies that buy in billions of dollars will pick Coinbase with ease and that will increase the price.
11  Economy / Speculation / Re: When Is Crypto Black Day? on: April 21, 2021, 03:16:05 PM
Having some deja vu sentiments of the 2017 bull run since we've been peaking for some time now.
I am also expecting the peak to be happening by the end of this year which will be similar to 2017. But, when we are having big institutions on play, I am just speculating about some differences on possible occurrences of peak levels. Institutions are known for pullback than anyone else so that they will milk out the maximum than others. This way the current bull run's peak may happen by October/November itself.

I see you are ready to buy the dip?
I understand that OP might be asking this question with the plans of entering into bitcoin market. That is really a good decision like getting opinion of this community before making a financial decision.
12  Economy / Speculation / Re: Bullish or Bearish? on: April 21, 2021, 02:27:47 PM
Iím not asking for a thorough analysis guys..  Just what you think when you look at the chart.
This chart is missing both price levels and time and more importantly time duration of each candle; overall by looking into the chart anyone will conclude it is a bearish trend.

Is this bitcoin chart? Lol finally I got doubts on that as well. (Just made sure, today is 20 days past for such try).

When the previous high price levels are yet to be broken, any short tern rise up cannot be considered as trend reversal so bitcoin is falling down from ATH of $62k along with few pull backs periodically.
13  Economy / Trading Discussion / Re: It's the easiest to trade when you aren't trading on: April 21, 2021, 02:21:18 PM
Quite a lot of folks have made so much money by day trading and just because you couldn't handle it doesn't mean others won't be able to. Day trading works just fine if you really understand how it works.
I never agree that lots of people are making good money from day trading; most probably what you are saying is just a delusional. Trading can be good compared to day trading when you are planning up to catch long-term trends rather than small movements which are happening within a day.

If you're able to take time to learn all there is to trading and develop an almost perfect strategy ( no strategy is perfect), then you'd know that day trading is actually profitable
Even after following all the steps and procedures prescribed for becoming professional trader, if you day-trade then you will be disappointed at the end of the day. But, there are more chances to end your day profitable if you try to catch long-term trends; So, between long-term holding and day-trading there is another way to make easy profits but most people never consider it.
14  Economy / Trading Discussion / Re: UNREALIZED PROFIT IS NOT YET YOUR OWN on: April 20, 2021, 08:43:42 PM
trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.
You can technically make the unrealized profit as your own, the "technically" part is you can calculate how much you have guaranteed. For example let's say you buy something from 100$ and it goes to $200 and you put a stop loss at $150 that means you will make at least 50% profit from it guaranteed, it is yours, it will always be yours, there won't be any problem with that (as long as exchange executes your stop loss at the right price) which means unrealized profit can be calculated.

Sure if it is $200 do not calculate it 2x right away, but if you put a stop loss at higher than where you put because it increased, that means you could always consider that as your profit. Otherwise if you do not have that, you will not be able to actually calculate, there is nothing that would allow you to profit without selling unless you put a stop loss in there.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you "swap" your crypto for a Tesla? on: April 20, 2021, 07:41:31 PM
So with the hype around crypto that Elon Musk is creating and with the news about possibility of acquisition of any Tesla car with crypto, comes my question:
Would you buy a Tesla with BTC or ETH? Aren't we going to regret it? In future, will this turn to an event similar to "Bitcoin Pizza Day" where people will be sayin that someone spend a whole BTC or 10 ETH for a car Huh?
I may buy a tesla car for bitcoin payments but for that I need bitcoin to perform another 20x rally from its current price levels. Yes, I may not plan up spending any of my bitcoins until it will be valuing more than one million dollar per one bitcoin. I may sound crazy but I am very much sure about bitcoin to be valuing more than one million dollar in next 4 or 5 years.

We are earning for making our life comfortable and safer hence there will be no point of never spending bitcoins to avoid later regret. I am sure I must be enjoying some 1000x returns if bitcoin hits one million dollar value hence there cannot be any chances for regretting after enjoying 1000x returns.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Ultimately long time holders are enjoying the real BEAUTY! on: April 20, 2021, 07:09:18 PM
In general, at this time BNB tokens are always good to hold for a certain period of time because there are already many people who are lucky to hold BNB now, so panic does not have to be in the BNB token when there is a correction in the market.
But I am the one who regrets for not taking timely decisions when BNB was trading below 0.002BTC even I have been watching BNB since it was trading around its previous ATH of 0.004 BTC; I thought it will come back again so that I will be finalizing my buying but it never got chances to test old levels but straight forwardly rallied toward 0.009 levels which must be a great bull run for anyone who decided to invest just 2 months back.
17  Economy / Gambling discussion / Re: What is the best Sport to bet on ? on: April 20, 2021, 02:13:39 PM
When we can research about the team that we favour, we will get more information that will help us to know if our team can have more chances to beat other team and win the game. That is not difficult because we only research our favourite team info and do not research many teams. But if we can collect more info about the opponent team, that can help us know how big the percentage for each team to win. Maybe that can determine us to choose the right team so we can win the game.
I don't think we need to go for researching each team wise when we are really interested on watching one particular sport. I mean if you are continuously watching all the games in one sport then definitely you will be having good knowledge about all the teams and this way you can bet on your favorite team more accurately.

Overall, all the sports will be easier and profitable to bet with only when you are really having interest to watch them and your continuously following all the events of that sport.
18  Economy / Gambling discussion / Re: Casinos: Internal notifications, message inbox vs Email. on: April 20, 2021, 12:48:56 PM
Many users have begun to complain that they suddenly have to complete a Level 1 KYC verification and submit their personal information. When I went to check on the Roobet platform, I was greeted with an unwelcome surprise: a pop-up form for submitting personal information that could not be skipped.
In my opinion, any change in KYC policy which must be announced everywhere; because in crypto world privacy must be the first priority for most people and suddenly changing KYC policies will definitely lead to frustrations for most people. So, casinos must care and ensure about smooth stay of their customers; for that announcing in all channels will help.

Although its gamblers responsibility to make their account active but still we cannot avoid some situations that we will became inactive due to some important matters or emergency reasons so if casino would not do a due diligence to notify thru email their costumer about their future actions well they show how bad service they give to their gamblers.
I agree because not all gamblers will not signup with their primary email while registering with casino; they may do check the emails very rarely which was used to casino sign up but they must have some other primary email to check frequently. I am also into this practice just to fight against spamming and to keep eliminating my email not getting circulated to all the hands as much as possible.
19  Economy / Trading Discussion / Re: Why risk management is so important for Every Trader. on: April 20, 2021, 10:40:12 AM
In general, I came to the conclusion, that your risk management is built correctly, when you can sleep peacefully at night and not think about deals and positions))
You mean if we are good at risk management then we can sleep peacefully? Or else, we always need to think about market fluctuations? Yes, you are right.

Risk management is something that will ensure that we will not be losing all our capital even under occurrence of sudden market volatility. It will be possible when we are not greedy and when we are ready to accept losses rather than giving our emotions more priority. Traders must always work on effective risk management according to their trading habits; if they are not good at risk management then it is highly recommended to become investors rather than being non-profitable traders.
20  Economy / Trading Discussion / Re: Is trading an occupation? on: April 20, 2021, 08:05:54 AM
if you make good enough money that you can either keep making the same amount of money forever so that you can live with that, or even harder where you spend some of that money and you increase your capital at the same time just in case.
You mean that if a trader is capable of managing their trading capital without any need of refilling it and making good returns out of it, then such traders would consider their trading activities as an occupation? I can get you and it seems a really good point. Because, when you are needing to add more funds to your trading capital then there will be no point of continuing it. You must need to do so when you are not making profits and you are booking losses. When you never need to add more money to your capital, it means you are already doing perfect and making some returns from that will not be a problem for you. In this case you can continue it as your occupation.
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