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1821  Alternate cryptocurrencies / Altcoin Discussion / Re: Play-to-Earn games on ETH: What's the catch? on: November 19, 2021, 08:16:56 PM
Anything that advertises easy cash and quick riches will always catch the eye of youngsters. How else do youngsters get clued to cryptocurrencies if not the hype in the quick ROI they promise. P2E is the rave of the moment and highlighting NTFs and Metaverse. It's a good one anyway, even when we take into consideration that one plays the game in relaxation to ease off stress and at the same time earn. However, I for one don't like any transaction that has to do with Ethereum because of the exorbitant fees in transactions. I won't be involved in any of such as it stands, to be honest.
I would say that there are a lot of play to earn games on ETH which looks like "easy cash, get rich quick" but the reality is that there are actually some of them manage to pull that off as well, which makes people look for others too. I mean look at Axie, I remember at one point you spent like 1k on 3 axies, decent ones as well, and then you earned like 600 bucks a month from that.

Obviously as it turns out if you spent 1k on it, maybe you would have made that for a month or two (which would mean you could break even at least) but the price of the Axies went down, the profit you could make also went down as well and now it is a lot less. So the catch is not that it is not working as intended, the catch is that it can't sustain like that forever, you need people to keep on breeding axies in order to spend SLP whereas if they do then the price of Axies goes down since there are more of them... it just doesn't work.
1822  Economy / Speculation / Re: Bitcoin in 2022? on: November 19, 2021, 07:01:05 PM
Looking at how the end month of 2021 looks not so great, I believe that 2022 will be another bull run. If it was only a super increase for the rest of the year and we ended up with 100k then I would say a crash would be close, however since we got rid of the crash right now already and we already had a drop that means we are going to eventually recover. This means that we should not be really waiting for it to go down all year next year, that would be a lot of money going out of bitcoin and I doubt that would happen.

What I believe will happen is that we will keep on being low for a while longer and then we are going to end up going up for a long time as well. This way I am hoping to have some sort of big ATH increase once again during sometime in 2022. I do not know when it will happen but spring seems to be the best time, if not then maybe next October could be decent enough.
1823  Economy / Speculation / Re: will we witness year end bullrun or bull trap? on: November 18, 2021, 07:03:11 PM
When crypto influencers are very bullish about Bitcoin and they often speak of it going towards a higher price, that usually is a warning sign.
I can't cite some examples of it but when most of the people are in the euphoric stage meaning they are getting FOMO'ed, it usually is a bad sign.

Well, I will be happy to see if Bitcoin will end up the year with a bull run but if the worst thing happens then... so be it Cheesy. Many are hoping that the last few weeks of Bitcoin will be bullish since if we will see the history of Bitcoin within the past years, the last 3 months of it turns out to be a bullish months for it. I just hope that it will happen again. What I don't want to see is Bitcoin ending the year with a series of corrections Cheesy.
December of 2017 ended up being something that printed in the minds of everyone. I believe that there is a good chance that people just hope for the same thing every sing year. I do not know why people believe that just because it happened in one December, why would it mean that it would happen with the same December? That doesn't mean that it will happen again and I believe that there is going to be nothing like that at the end of the day. So, this is why I believe that there is going to be something and I am not sure if it is going to be just up, it could also be a down.

I am used to having at least one big volatile movement from the crypto prices every month, and yes December will not be different and there will be one big movement. However this is not about "we go up every December" it is about "we move up or down but a lot every month" and that will happen.
1824  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it a good list for a short or medium term investment? on: November 18, 2021, 10:06:22 AM
In your opinion, is following list good for a short or medium term investment?

  • SLP
  • KEEP
  • NU
  • CPO
  • NBC
I like to suggest you to go for only short term investment when you are going for altcoin investments. Because even in mid term, we cannot be sure about what is going to happen for the most of the coins you have listed. To stay safer with altcoin investments, it is highly recommended to book profits whenever you are seeing some 5% to 10% of growth. This way you will never need to wait for long period.

What I am suggesting is purely based on general opinion of altcoin markets and not just specific or limited to these listed coins. I am into altcoin to industry for years and carefully watching it always. So, in order to avoid big disappointment, I believe you must go on booking profits time to time.
1825  Alternate cryptocurrencies / Altcoin Discussion / Re: Should we buy tokens for young projects? on: November 15, 2021, 11:07:02 PM
I would say that if you are going to invest into projects very early on, then you should avoid putting it too much money, and it solves all the risks there is about the doubts you have. Take $10 for example, it is small enough number that it is probably not a big amount anywhere in the world, maybe there are some places which you need to work a few days for it, I really do not know but it is definitely not big enough that you would be crying over it if you lost in 99% of the world.

In that case you could put it in a small project, if it does 10x then you have 100 bucks and you have a side thing that you could invest 10 bucks to 10 different projects now, if not then say goodbye to your 10 bucks and move on. The amount could change but this is by far the most effective way, put an amount you do not mind losing and you would be doing a much better job.
1826  Alternate cryptocurrencies / Altcoin Discussion / Re: What you guys think is Shiba Inu Coin a better investment than Dogecoin? on: November 15, 2021, 10:40:50 PM
If we were to say today that the Shiba Inu will lose out in circulation a year or two in the future, probably a lot of people wouldn't believe this. Because currently the token meme trend, especially Shiba Inu. But if in the next two years the trend has changed, then this meme token is just a memory. Before the emergence of STOs, IEOs, even now NFTs, the first to appear were ICOs. I saw that almost most of the projects hit hard cap, and now ICOs are starting to be doubted after the trend of IEO and NFT.
I have been around way before ICO period as well, and there are coins from that period, and I have seen ICO period as well and there are some coins from that period as well, I have seen IEO projects become something and now NFT is something and people doubt that it will go on but I say a few will, surely it won't be hyped like today but it will be there. ADA was a ICO project if I am not wrong, after nearly 3 years it reached to 3rd place, THAT'S what meme coins potential is.

Look at Doge, it was literally nothing for years, nobody cared about it at all, and then one day it reached to all time high and nearly 70 cents each. I am not saying Shiba will do the same, it is near impossible for it to be that high, and I believe that Shiba will go down, however the argument against it is not that hype will die down, because even if the general hype dies, few projects could still stand.
1827  Economy / Economics / Re: 6 billion to solve world hunger? on: November 15, 2021, 10:15:51 PM
Being rich and powerful actually gives you access to many more tools if you want to protect your identity. True, not everybody can donate 6 billion bucks, but  if he really wanted to help he probably wouldn't need to, and a simple donation of that amount probably wouldn't make much of a difference.
The problem is he's expected to do charity, and that's wrong.
Lots of people feel they have a right to help others with someone else's money. Maybe they should use their own money to do that.
He is not expected to donate his money, he is expected to pay decent taxes. If his company makes so much profit that he became the richest person in the world and made maybe close to 2x profit in under 2 years that means he should have paid a little bit more taxes?

If he kept on paying taxes like the people in his company paid, then he would have half of what he has in wealth, not because his company can't afford anything, they would still be a very wealthy company, a 500+ billion dollar company even, but they would not be 1 trillion, and that's fine, don't be a trillion, be half a trillion and pay a ton of taxes.

Not that they would have to pay that much taxes, that's "worth" of the company and not how much they have, they would have to pay 10-20-30 billion or whatever more, and that would be amazing if EVERY company did that. Workers pay more from their salary on % than companies pay on their income % so it is unfair. It is not donation, it is called a tax.
1828  Alternate cryptocurrencies / Altcoin Discussion / Re: Compare Layer 1s blockchains, which is better? on: November 15, 2021, 09:39:09 PM
I believe that as long as it is better than ethereums then all there is left to do is the marketing part of it. I mean DOT and SOL are the two better known ones Cosmos is not unknown neither, I am not sure if I know the NEAR one. However looking at the situation in all of them it is clear that as long as they are secure that means there is really no difference between them.

So let's assume you have to buy a house, and the house is 200k dollars worth, one bank offers you 300k as max they can, which only 200k you will get a loan so the extra 100k is useless, then the other offers 400k, then another offers 500k and another offers a million. Does that really matter? In all of them you will get 200k loan, rest is useless and doesn't matter to you, sure the one that offers a million dollars attracts your attention but in reality it doesn't matter. Whichever does better marketing will be at the top.
1829  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT a trustable? on: November 15, 2021, 09:09:10 PM
This has been asked many times before and the answer is always the same; it is not trustable. Nothing is trustable, even bitcoin is not really fully trustable, sure we are doing fine right now but what about in 20-50 years when quantum computing is a thing and any quantum computer could hack into any wallet in a second? Not saying that will happen, there is a 99.99999% security in bitcoin but never would say 100%.

On the other hand USDT is owned by a company, a company that is working in some off-shore shady island and away from most big nations, those nations could charge them with something (like it was done last year) and Tether could pay it if they want to, however they could just ignore it and be wanted in USA and still live their life without a problem. This is why I doubt that it would be something that is safe if you just trust all your money with it.
1830  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 14, 2021, 07:12:40 PM
I have used a credit card but if we are not wise in using it then our debt will pile up

I stopped using credit cards when the interest on my debt seemed eternal and never paid off even though I always paid on time, since then I realized that credit cards are just a bank tool to bind users

Be wise to use a credit card, don't use it to spend on luxury items that are not important
What you say is right. We need to be wise using a credit card because the credit card is just a tool and give easiness to us to pay something without using our money but at the end of the month, we still need to that debt to the credit card company plus the fee. Because of the easiness to pay anything we want, we can forget to control the use and make us pay a lot of money at the end of the month. I still prefer to use a fiat or debit card because that gives me an allowance to control the use of my money.
I have never owned a credit card in my life because of this. A cheat that I have is that my wife does have a credit card, I do not use it at all but she likes to use it and she pays it with whatever she earns, the only times we ever had to use it was when we had hospital issues and health issues, which I had to use a few times as well, so I did used credit card twice in my life thanks to my wife, but that's it.

I do not use it on my regular life and our home doesn't get anything with credit card. She just likes to buy shoes, dresses, make up all the things women usually buys and uses her credit card but we always cover everything at the start of the month without a problem, we never go beyond and leave a debt. I handle everything about the house, all the food, all the groceries, all the needs, bills everything and pay straight out of my pocket. It is still a card, it is just debit card that pays from what I have and not create any debt.
1831  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful with the hype on: November 14, 2021, 04:21:07 PM
We have had several hyped coins and token lately and many have been a victim of hyped projects that ended up crashing in not long after attaining a very little profit margin. Been extremely careful with how we go about our analysis will help save a lot. Just wondering why developers would come up with nice projects only to crash after a short while keeping investors in losses.
Most of the time those projects that you would see that looks really good and ends up crashing at the end are not legit projects, they’re all just fake projects that are owned by scammers who copied and paste their white papers to deceive investors who are not able to find out that they are scammers. This is something that’s been happening in the market, and as an investor you just have to be careful while investing your money to avoid being scammed.

Most of the projects that you are going to come across are usually being run by scammers, so you have to do proper research and know whether the project you are about to invest your money in is a project that is legit and would be worth your investment. Although sometimes there are also projects that do fail due to mismanagement by the team, and also due to lack of funds.
1832  Economy / Economics / Re: Mindset game for the skilled and unskilled. on: November 13, 2021, 09:08:21 PM
This works on certain people but not every single person. For example let's assume that you have a startup idea, congratulations you are one in a billion, because over a billion people have one and that means it worths zero and noooo job in the world no matter how awesome it sounds or how realistic or how profitable it sounds there is still no way that it worths even a single cent of investment until it starts to work.

However if you sleep with it, wake up with it, eat with it, watch netflix with it on your mind constantly and can't stop thinking about it, then some people will get to work. Even though millions upon millions will do nothing about it, there are "some" (a few) who will do everything to make it work.

I have seen one guy who worked overtime at his work for a while to earn more, then got a second job instead of overtime, then became taxi driver, and saved 13k dollars (which is quite good amount of money for startup in my nation). Then he worked 4 months to learn how to design and develop his idea, so he didn't pay anyone else and can keep the funds for marketing. Then he worked on learning marketing, seo, inbound, email and many other methods as well. Not all will do this and it is very rare.
1833  Economy / Speculation / Re: What if $70k was Bitcoin ATH for the year? on: November 13, 2021, 08:18:19 PM
Isn't that fine? I mean do you really must get 100k+ or whatever you are aiming at for this year to make you happy? I am totally fine with whatever we have, I do not need to see something that is grand to be happy with the situation. Now dropping a lot is a different case then having a high price, I could be happy with not reaching 70k+ but if it reaches to 30k against this year that could be a little bad.

I would still not be worried, just get more bitcoins when it is cheap so I would be still glad that it dropped, but I would also understand people who end up scared as well, that part makes sense. If you are all in and not making any more purchases then you could be a little upset when it falls down.
1834  Economy / Speculation / Re: Tesla accepting Bitcoin payments and ..... Doge ? on: November 13, 2021, 07:06:55 PM
This Shiba Doge connection, i don't get what these guys are trying to do, are they endorsing both of them or maybe it was a typing error on their side?

What they're looking for is Tesla to be talked about. This information has already allowed this topic to have three pages of comments.

That is, goal accomplished, Tesla to be talked about, without spending a single cent on marketing.  Roll Eyes
What they are looking for is Elon to be talked about and not just Tesla. I get that most of his money comes from Tesla, owning a big part of it made him this much wealthier, and that is why everyone thinks he is doing it just for tesla.

However, remember that he has Solar City for tesla and he has SpaceX as well. That way we end up realizing that MAYBE he is doing this for all of his companies and not just one of them. He is getting more and more popular, which means that if he ever wants to do something with his other companies, and he is not allowed, then he has the backing of the population to help him as well. Dude literally sold flamethrowers to make some money, imagine how much more money he could raise.

Even doing any NFT collection would raise enough money to send another rocket to moon literally today and get it back as well, Imagine a world where you could land a space rocket to moon, then come back and then use the same rocket to go back and do this ten times cheaper than alternatives. This is possible with just one NFT collection because he is getting more popular everyday by doing things like this.
1835  Economy / Economics / Re: Is it true that Mt Gox funds are going to get released? on: November 13, 2021, 06:23:27 PM
There is no possible way that there is anything good that could come out of this. I get that some people keep getting hopeful about it, but we are moving to a period where people who have never heard of mt.gox or came in way after hack happened came into the crypto and could be considered majority right now.

Mt.gox deal happened back in 2013-2014 or so right ? I mean it happened during 2013 and we knew it, but the official statement came in 2014. If you look at the crypto world right now, I am sure that 50%+ of the people here came in after 2014 for sure, which means that we are not really doing that badly on mtgox issue, most people do not even care about it anymore.

This is why I care that there is a chance we won't even talk about it in few years, more and more people who lost their money there give up, and more new people join in making the people who lost money there a minority. I am hopeful about it because bad news always hurts crypto and mtgox was the biggest bad news ever, hopefully we won't have anything similar ever again in crypto history.
1836  Economy / Economics / Re: How is financial stability defined for you? on: November 13, 2021, 07:12:35 AM
Stability is even there's a financial crisis, you're good and off to survive with it. You're not problematic even if something like that comes because you've been prepared a long time ago before it comes. And the definition of being successful and satisfied is subjective but to me, it's about having a continuous cash flow and income and all of the sources are stable. But if they're all coming from several businesses, I'm expecting not all of them to be stable but at least, they're still giving me that much cash flow.
There are some jobs in the world that will make money even when there is a pandemic like global issue. Look at Amazon, they made a ton of money even during pandemic, why? Because, their job is a lot better in the world that is in crisis. Of course shipping companies and such made a good amount of money as well, even though it was a tough one to move from one nation to another, or use ships, it was a lot better if you were doing in within the nation itself.

For example, logistic companies that dealt products from amazon to people, those were making ton of money as well. What can a person do to achieve such a situation? We can't start a new amazon that would be as big, or starting a courier job is not easy neither. So what we can do is work on ourselves, build a better CV and find jobs globally and remotely, that way we could make a profit even when we are at home.
1837  Alternate cryptocurrencies / Altcoin Discussion / Re: I think Ethereum is more dynamic than bitcoin on: November 13, 2021, 05:42:05 AM
Being dynamic doesn't make it bigger, I mean it has been more dynamic for years and it has been under bitcoin for a long time anyway. This means that as long as you end up working towards just being more dynamic, then you are not going to get bigger. What I believe ETH needs right now is getting more viral, we have seen Ashton Kutcher promoting XRP before, we have seen Elon promoting Doge, we have seen famous people talk about crypto all the time.

However we have not seen too much from ETH, same Ashton Kutcher actually had a video with Vitalik as well but it didn't get too famous, it was just instagram I believe, we need more famous people doing more viral stuff to get ETH to a higher level. It could happen, but it requires a lot more involvement from celebrity world, could be financial like company CEO's that are known like Bill Gates or Jeff Bezos and such, or it could be just Hollywood people as well.
1838  Economy / Speculation / Re: How much would you like to see Bitcoin priced in 2022? on: November 12, 2021, 08:49:47 PM
I understand that some people may not like the current situation as it is. I also understand that the huge increase makes some people worry about the upcoming bad weather as well. However, just because every big increase is followed by a big fall doesn't mean that it will have to happen here again. I am not saying that a fall will not happen, all I am saying that just like how we reached to new ATH at 67k and then dropped to 61k and then moved to 67k+ again, we could have that as well for a long time.

So instead of one huge fall, we could have a little fall many times over and that way we could have higher and higher prices with just small corrections. Let's try to focus on that, hopefully that would happen and it would be beneficial for all of us.
1839  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When TRON (TRX) will be pump on: November 12, 2021, 08:12:54 PM
Almost all cryptocurrencies have been too much pumped but why not Tron??
Tron offered something to people that people were not interested in and that is the end of the story.
They are as good as ETH at almost everything, secure, has trc20, has smart contract I mean, has insanely cheap fees, even free under certain levels and it is just all around offering everything perfectly in that manner.

However either because of Justin Sun or some other reason, people are not interested in it, and no project there got big, usually what makes ETH so big is the projects in it, and this place does not have that. This is why I believe that it is quite possible for Tron to be never high, we just have to accept that and move on.
1840  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Binance Coin (BNB) reach $1K? on: November 12, 2021, 07:41:59 PM
Reaching 1k is not the point here, you could reach it today and then if you do not reach 2k for 10 years what's the point? Do not buy stuff just because there could be some short term good increase, those type of stuff could be found in crypto very easily, they are everywhere, hell I am sure there is a coin doing 10x at least once a month, changes which coin of course but there must have been at least one coin making 10x each month so far (maybe not bear months and summer).

So, the point here is that BNB is a very trustworthy coin, it is managed by Binance basically and we should all be hoping that it has a consistent increase. I rather see it go up 10% on average every month then see it be 1k tomorrow. That way we could at least have something that we trust and that way we could make a profit from it long term by simply holding it.
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