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1641  Economy / Economics / Re: Constant defamation of crypto on: May 22, 2022, 06:29:39 PM
People defaming it and the governments that are not in support of it are only after the self benefits they get from the use of the fiat currency currently. Many have done research and saw that cryptocurrency is here to stay and take over the centralized means of saving money and that is hard for them to believe because they’re blinded by their corrupt mindset. No one can be forced to do against their will, let those that embrace it enjoy its benefit and those that don’t should stop misleading others that are interested in it.
The future is uncertain. We don't know what awaits with us or to these cryptos but one thing is for sure and that is cryptos cant overcome fiats. As we can see, majority of the countries now are into cryptos but only one to two countries have made cryptos a legal tender but despite of it I think those countries are still using a fiat because fiats on their country are still there.

Some countries and banks are also starting to create their own version of cryptocurrency. That only shows that they are not confident with cryptos to be a fiat replacement but I agree that, if they don't like cryptos then fine but can they please shut their mouth up and we will also stop hating them.
1642  Economy / Speculation / Re: Bitcoin reaches maximum, target $80K BTC on: May 21, 2022, 06:34:50 PM
with world economic conditions that are currently not good I think Bitcoin will find it difficult to increase the price to reach the target you mentioned is too high, Bitcoin must wait for the next 3 years to start making price increases because usually the price of bitcoin goes up every 4 years.
What you say is absolutely true because every year there is a price change and every four years there will be another price increase.
Therefore, waiting for the next four years seems very long and people will get bored and change their minds and choose to sell even though the losses they experience are almost half of their funds.
On most years yes, we can see that the increase occurs every 4 years but I think there are years where it wasn't followed because the price already started increasing before the 4th year came in. If waiting for 4 years can give us a guaranteed ATH then I won't never be bored of waiting and what is difficult with hodling our coins?

We can just leave the crypto world for a while and enjoy the outside world because we know that when we comeback there is a huge money waiting for us already. If they can't wait then they are free to transfer in risky pump and dump coins which value can rise easily, IF, they get lucky but the risk that entails with these coins are also high.
1643  Alternate cryptocurrencies / Altcoin Discussion / Re: Luna CEO summoned by lawmakers on: May 21, 2022, 03:40:30 PM
You know I saw on Coinbase youtube that there are several ex employees of Terra who said this guy Do Kwon actually did a very similar scam in 2021. He launched a stablecoin,,, also tied to us dollar, also using minting/burning of two different coins in a loop and also using a reserve fund to peg. That one was launched anonymously but they said he was one of the devs.

20 million lost or something.

Then he did this. And people went crazy for the same shit. Do you know why I do not feel sorry for people?
I think I also saw that info somewhere. That means the guy really mean it. It was not an accident or something but they already plan to scam people right at the start. They only get the people's trust and when many people believes on them and think they are trustworthy, that's the time they will pull off their trick.

If only those poor people did a research about this guy if what is his background, they will know that this guy is not trusted because he already did some shady acts on the past but it was too late for them to realize it. I just hope that they won't repeat the same mistake and never underestimate the power of research next time.
1644  Alternate cryptocurrencies / Altcoin Discussion / Re: Help a newbie choose a better stable coin on: May 21, 2022, 02:36:39 PM
USDT & BUSD! You can use both of those stablecoin if want to make your fund safe from dump during bearish market. No need to worry, bear or bull market doesn’t effect your stable coin. So you Should out of Over tensioned about this matter. Both are most top stablecoin with large marketcap and you can also add USDC in your stablecoin list. As well as Dai, is most suggested and trueusd decentralize stablecoin. Haven’t found any issue yet while using them but recently stablecoin TerraUSD (UST) dump 95%, careful about such shit stablecoin
These two are the biggest ones for sure, but I trust BUSD over USDT very easily, without a doubt. The reality is that we are looking at Tether and Bitfinex, which is not as big as Binance, and it is obvious that Tether could literally go away today and there wouldn't be anything we could do. Whereas Binance can't just go away all together, we are talking about a company that may worth around 500 billion dollars that go away in that case, can you imagine something like that?

It is near impossible and I doubt it. So all in all, BUSD is more preferable and more secure and it will not really change anything for the long run, they will be good one to pick.
1645  Economy / Speculation / Re: Best time for me to buy on: May 20, 2022, 09:03:49 PM
I think it's too easy to give everyone who wants to buy bitcoin cheap right now. Yes, many indicators are now showing that bitcoin price is at the bottom, like RSI or fear/greed. But in my opinion the bitcoin price has not collapsed much. At least it seems to me that there might be a short-term collapse and then a recovery. At that time you will need to buy.
When you have the opportunity to buy bitcoin cheaply, why should you wait for recovery before making a purchase? It is true that some people may expect prices to be lower than they are now, which may or may not be the case.

In the end I can say that investing now or not really depends on what our investment goals are. If the investment we are going to make is aimed at making a profit in the long term, then I think it's time to buy and hold because this is the best opportunity to do so.
Some people aren't just contented on what they have now but they want more. Btc was at the lowest price of 26k last time. It's crazy if someone will say that btc didn't collapsed much. What collapsed these people want to see? 3k or lower? LoL that is already overkill for btc and I don't think that was possible on this era. We are talking about btc, not some random coins.

We already know the history of btc so there is no real need for us to verify if it can still recover before we buy because it surely can. Buying when the price recovers or when the price is at the top, is not a popular strategy because it is risky but the best strategy that is taught to us is buy low or buy at the dips.
1646  Economy / Trading Discussion / Re: Did you live through the last bear market ? If so, what did you learn ? on: May 20, 2022, 10:26:33 AM
The last bear market was hard actually, that you are not profiting and just sitting back while waiting for the market to recover. This made me realized that the market will always go through its own cycles no matter what so we better lived for it. And keep the patience during bear days because its the only way you will never come into losses. And as much as possible, take time to sell your coins while their prices are at peaks, becaus when the bear season comes, you will only be buying and hodling all the time, and there are no profits coming in.
There are a lot of people who have this problem, whenever the market would be at its peak and increase, they wouldn’t sell their coins to take profits, or at least sell some of their coins to make some profits, they would keep holding it out of greed and expecting the market to keep going up and even believing in  ridiculous predictions that are being made by people who are not even experts,  and at the end they wouldn’t be able to take a profit at all before the market starts going down again. People need to understand that our need for investing is because we want to make profit.
1647  Economy / Trading Discussion / Re: Traders paradise on: May 20, 2022, 08:41:51 AM
most beginners only see the sweet side in achieving trading results. if we do not want to know the side of their struggle to the throne at this time, then we will fall into disappointment at the end. digging knowledge about the experience of seniors is very important, especially the mistakes they have made, so that we can avoid those mistakes. and most importantly, experience is needed in trading, and that can be obtained from the stories of seniors, so that our trading practices run more smoothly
The problem with most of these newbies is that they just see that their friends or someone they know is trading and making profit from it, and they would just get home and start thinking of becoming a trader, when they don’t even have any experience at all. Some of them will start trading and they will start losing their money, they wouldn’t know that the reason for this is because they don’t have skills for it at all.

For someone to become a trader, they need to have skills in analyzing the market, and being able to predict the direction that it would move. You need someone to teach you or you can do serious research online to learn all about it.
1648  Economy / Economics / Re: Stop buying from automated producers / businesses, it's making you poor on: May 19, 2022, 09:14:49 PM
Machinery / technology / robotics / ai  is making you poor
Huh? All of them only shows that we are advancing. We shouldn't deny it that we are also liking them as it makes our lives more easier and happier. Maybe you will get poor if you will buy every latest technology that will came out of the market but as long as you know how to save your money and learn how to spend it wisely, all of those names mentioned above cant affect your wealth negatively.

Many businesses are now automated but not totally. There are still a demand for workers (humans) because there are some task that only humans can operate not by robots or machines. If a company uses more machines, they can save a lot and this could also mean that their products will now cost cheaper but I like your initiative about supporting local, handmade products.
1649  Economy / Economics / Re: Taking loan during high inflation? on: May 19, 2022, 12:44:16 PM
Be careful when we take a loan when inflation is high, this is very risky because it can make our debt increase drastically, but the good thing is to use debt for business capital or use it for investments that provide large profits such as cryptocurrencies.
When you are taking a loan in a nation with high inflation, paying the monthly payments could be very difficult on the first month for example, but after a few years it becomes an easy thing. For example, if I sell all of my investments and take a bit of a loan, I would be able to buy a house right now, that is possible, and sell my car too of course, and I would be in so much debt that I wouldn't be able to pay it fairly in the first year, would make bigger debts on credit card to keep it going, I would have to put every single money I make into the loan repayment.

However in 4-5 years, it would be nothing, it would be a very tiny amount to pay, and with high enough inflation the house I buy would be 5x size of my debt.
1650  Bitcoin / Bitcoin Discussion / Re: UST Stable coin depegs from dollar USD may Crash BTC,cause crypto death spiral on: May 19, 2022, 10:03:19 AM
It might not only be that. Before we were very worried about USDT's peg if it can keep it versus USD then now we are presently looking at UST if it can recover and repeg to USDT which also is trying to keep its peg with USD hehehe. This is a comedy show being written in crypto history with algorithmic stablecoins pegging with fractionalized stablecoins that are pegged with a fractionalized fiat currency. The Big Short 2.0 in the making.

Also, it is speculated that a major liquidity provider in the cryptospace has lost much of its equity in UST and Luna. This might cause the whole market to dump lower.
I believe that major liquidity provider may not be true for just one person, or maybe it is true, but the 100% guaranteed truth is that we have a ton of people who got together to be a big liquidity provider, when you consider all of us who got out, that becomes a huge one. So just one whale or all of us, the result is that a ton of liquidity left the market recently.

This allowed only the few that got in, to get out and make the market move a lot. This is why I believe that the end result is the same, the fall was caused by lack of liquidity, and the volatility caused by less than normal amount of money sold but not bought by others.
1651  Bitcoin / Bitcoin Discussion / Re: Is everyone that got in late last year in the red now ? How bad is it ? on: May 19, 2022, 08:50:05 AM
I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Technically yes, people who bought bitcoin at its ATH will be in loss now but this isn't the end the good days will come probably in a year or two they also can able to double their profits if they aren't scared of HODLing the Bitcoin. Good things will come only after the rough patch so no worries and be calm while HODL.
If they can hold their coins then without a doubt they can make some money during the next bull run, however taking into account that most people invested in bitcoin at that price thinking on getting some fast profits then it is difficult to believe they are going to be able to hold their coins for so long when that was not their intention, most likely at some point those people will panic and sell their coins, if they have not done so already.
They do not need to make a lot of profit, they do not need to hold it for a long time. All we needed was people who would take it higher, and people who bought it at a lower price ended up taking it to a higher price and did their work we needed from them. I bought some as well but not a lot. So, now that it is already a bit higher, that means we are going to survive, and that means we can at least say that we went higher, and convince other people to participate now.

The hardest part is to convince people to buy when it's crashing, after it stops crashing and starts to recover, it's easier to find people who wouldn't mind buying more.
1652  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: May 18, 2022, 09:58:51 PM
At the Monaco Historic Grand Prix, LecLerc had a very embarrassing mishap, he lost control of Lauda's 1976 Formula 1 Ferrari and slid his rear end into the tyres. The mechanics won't be very happy if the parts are still available or have to be specially made again for the repair, presumably.
That is an unfortunate event but why were they even there? I mean the next GP is Spain right? That shouldn't be too close, why are they there? I get that sometimes they do these type of things but usually they do that before that GP, for example if they are going to do an historic one, then they are going to end up with Spanish historic one, or if they have monaco up next then monaco gp historic one. No idea why we have monaco historic gp during Spanish one week. This is why I believe that we shouldn't have these type of historic stuff.

I really hope that Charles is great and he has nothing, I know he continued and seemed fine but sometimes it gets out a bit later.
1653  Economy / Speculation / Re: Bitcoin may likely pull back to 35k on: May 18, 2022, 09:06:20 PM
if 25k is the bottom then we already had passed that area right? or we have just take the lowest to 26 k and 1k price to be lessen before we finally take the bullish time again?
But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
That 25k was a bottom that had a huge support. Which means that if we broke under that, things could have been dangerous and it would have gone terribly wrong from there. Reaching to under 20k could have seen us go under 10k as well and that would have been terrible. This is why we are at a level where it's looking much better right now as it is currently.

This 26k bounce back means that we are going to be not falling anything under 25k for the upcoming period and will be doing much better in the long run as well. This is what I hope of course, maybe we won't rocket back, and we will just crash and go under 25k this time around, but I highly doubt it.
1654  Alternate cryptocurrencies / Altcoin Discussion / Re: "NFTs are overrated, over valued and nothing but useless tech fetishism" on: May 18, 2022, 07:25:20 PM
I think that NFT have a great future. I have several NFTs. I am sure that some of them will turn into a good profit. The important thing here is that you must invest wisely because most of the people just follow the hype of NFT. Also I tnink the future is in NFT-based games. At present I am following the project "reptile chronicles". I'm interested in this project because it has its own deep lore and the game will be like Terraria. Therefore I'm really looking forward for the release of this game.
Indeed they do have a great future. I have a few of them that I am holding right now and I am believing that in the future these NFTs are going to be worth several more than what I have purchased them. NFT has been really useful in lots of ways and has benefited so many people around the world.

I have seen a lot of artists who has been able to sell their arts for a price that is well worth it through NFT, and most of them are people who wouldn’t have been able to achieve that if there was nothing like NFT. So we should appreciate that.
1655  Economy / Economics / Re: Constant defamation of crypto on: May 18, 2022, 06:35:54 PM
people are afraid of anything that's fundamentally different from what they're used to. As I've mentioned before, on another thread, Cryptocurrencies are relatively new, while people in governance are usually of an older generation. People often associate cryptocurrencies with scams or Ponzi's, but that's entirely not true. Unfortunately, instances of scam coins, rug pulls or even failures such as Terra, whether they were intentionally or not hurt their credibility and how people perceive them.
This is another point, this actually works in favor of those actually defaming the cryptocurrency, when this rug pulls, dips and so on happen with coins, most naïve people are forced to believe that it is all scam, failing to understand that as long as this money remains an electronic one, this uptrends and downtrends are legally expected to happen because the market is influenced by so many factors which notably one of them is the PRESENCE of the WHALES.

These people splash money into the market at will on a steady basis, and monetary circulations of that nature tend to affect the rise or dip of these coins. But, I strongly believe that soon, everything will be balanced!!
1656  Economy / Gambling discussion / Re: Commentary and commentators in sports. on: May 18, 2022, 05:14:29 PM
Without them, then there's no hype and excite to watch the match. But I don't think commentary and commentators are underrated in sports, if they're a legend and everyone love to hear his voice, pretty sure many people really want him to comeback. Though there are also annoying commentary and commentators which overhype and I can't enjoy their voice, I know it's subjective.

If anyone want to try to watch a sport without commentary and commentators, then you can watch chess championship Cheesy
I think it still depends on the commentator because there are commentators that are seem shy which voice are not loud. This cant be an example of hype but there are also commentators that speaks loudly but is very annoying. I don't know about this one if this can be consider as a hype. But at the end of every match, they should put a quick survey if we are satisfied of what we hear and see, in terms of commentary or if which commentators have done their jobs very well.

The same thing when we call a costumer support, they also come up with a quick survey if we are satisfied with the customer support that answers us or not. That way, the company will know and they will replace it with a better person.
1657  Alternate cryptocurrencies / Altcoin Discussion / Re: Luna holders will get new token. on: May 18, 2022, 04:10:59 PM
In this case, those who bought the coin before the excessive issue occurred will suffer. I support such a plan, which was outlined by Do Kwon, the CEO of Terra creator Terraform Labs: https://agora.terra.money/t/terra-ecosystem-revival-plan/8701, and is that it is necessary to roll back the blockchain to the moment when the issue of Luna amounted to $ 1 billion.
They could "rollback" to when things were good, but that doesn't mean that they will get what they wanted out of this. People should realize that they already spent so much to keep UST pegged, and that will result with a situation where people who ended up buying/selling during these past few days when it dropped to be angered, and anyone who will get it after the rollback will end up selling it as soon as it hits their pockets, so there is no scenario where it keeps high.

So, only reason Do Kwon even trying this is that he wants to print even more and try to keep UST pegged. If your system failed, it's failed, no reason to keep on trying it.
1658  Economy / Speculation / Re: Is Bitcoin the best investment at the moment? on: May 17, 2022, 09:08:36 PM
For me, bitcoin has always been the best investment. Investing in bitcoin can get high returns. The price of bitcoin from year to year can increase quite drastically. Even the price of bitcoin once broke the All-Time High in 2021 at a price level of $68k. We can get big profits investing in bitcoin with the right strategy, we can buy bitcoin when it's cheap and sell it at a high price.
Indeed, bitcoin price trends are not always guaranteed to continue to increase. There are times when prices go down, depending on the market situation. However, if you can take advantage of the high volatility of the crypto market and profit little by little from the current price movements. You can sell or buy bitcoins in a very short span of time to make a profit.
If you end up buying when it crashes down this much, and selling when it goes back to normal, you could make close to 50% profit each time around and this happens like once a year. If you keep making that 550 each year, then you are going to be pretty wealthy by the time you retire. This is what I pumped to the world all the time, I keep saying this, but people end up selling when it gets close to bottom and I have no idea why.

There must be some people who sold at 26k in order for it to be that low, which means that some people lost out on such a big profit even today, it's like 10%+ return from 26k levels to 30k+ levels, even 20% return if you calculate it. So that was a bad decision.
1659  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: May 17, 2022, 08:52:50 PM
It was just a poor performance from a side fighting for a champions league spot. I am not too sure this Arsenal Squad is ready for any European competition.  Let's face it, this season Arsenal wasn't even in any form of European competition, the best they can expect is to qualify for the Europa League first. Expecting them to qualify for Champions League is asking too much. They are not ready, they can't handle the pressure. Arsenal playerswere bullied off the ball and Newcastle made sure they showed their physicality. They are going to need a few years and a few top quality signings before they can dream of the champions league.
Newcastle had full control of the game. And they silenced Arsenal. It was one of the poorest displays I ever seen from the Gunners ever.  They simply didn’t look as though they wanted 4th place that will now be given to Tottenham.  On the other hand, I was truly impressed by the speed and skill shown by Newcastle. You guys will play champions league within 2 or 3 seasons.
Of course they would want that 4th spot, even if not for the UCL entrance, that part gives a lot more money as well. You would get paid for being fourth, and you would get paid a lot more for being in the UCL as well, both entry to it and also each game pays a good amount of money. That is what I would be after if I was Arsenal.

Yes, they put their situation at a difficult position now, it all comes down to the last game now, 2 point difference and that will be a difficult thing, but at the same time we are talking about something that would be not impossible, if Spurs lose their last game then Arsenal has a chance to become fourth all over again.
1660  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: May 16, 2022, 09:26:04 PM
Messi problem is just that he was groomed at Barcelona and that system has brought him that far.
He has too go back else same will repeat itself next season.
The Barcelona president says he will welcome him back if possible.
where did you read that the president of barca welcomes back messi if he wants to return to barca?

The issue of Messi's return to Barca has really been dismissed by the Barca president, he doesn't want to disturb Messi who is already at PSG, indeed Messi's contract with PSG will expire next season but it's not certain that Messi will return to Barca when his contract expires
I do not think that anyone would say no to Messi coming back to Barca, not even the president. It is all about money at this point, La Liga doesn't allow Barcelona to pay too much for players, and Messi left because of that Griezzman did as well, they have too much financial issues. If by some miracle they could get that fixed until end of next season and have enough space to get Messi, then why wouldn't they want him back?

I am not saying the president said this or that, I have no idea what the president said. All I am saying is that, if they "can" get him, and prefer not to, that would be an idiotic move, he is basically what barca is all about and he would be welcomed very quickly.
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