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2361  Economy / Economics / Re: Where will people save money- A report by Prothomalo on: September 28, 2021, 09:20:31 PM
Interest rates in Bank in Bangladesh is below 5% now. In some Banks, it's 2%.
That's actually great if you compare it with ABN Amro bank, which has a negative interest. You need to pay the bank 0.5% for having your money deposited there:
Negative interest proves that your nation is doing great, it is not a bad thing. In turkey the interest rates in a bank is as high as 18% for example, that means if you put money in there, you would be making a lot of profit from interest, however that also means that you are losing soooo much of your moneys value as well, the inflation is nearly 40% but they are hiding it so that means you are losing money even with 18% interest rate.

Look at all the bad nations with bad inflation and you will find good interest rates, they are just there to make sure you do not turn your money into foreign currency, which people do anyway. All in all I would say that negative interest is awesome, because that means at least your nations economy is doing fine, and if you put your money into a business instead of interest, then you could make a bigger profit, or at least some profit instead of negative.
2362  Economy / Economics / Re: CHINA Banning bitcoin: PBOC Says All Crypto-Related Transactions Are Illegal on: September 28, 2021, 08:30:52 PM
The impression this move from China gave to me is, Bitcoin has only become MORE valuable in China, and that the people under that tyrannical State has come to need Bitcoin MORE than they did BEFORE the ban.
That will 100% be true after this ban. The only way to move money away from the dictator was crypto and people were using that a lot. Now that it is fully banned (officially) people will look to find methods to save their money in crypto some other way. If you do it on P2P then officials will find where you are, pose as a trader, get to you and then they will prison you.

This is why it will be very very risky to continue, if you could do it online then they will do it online but they will not even risk the dangers of p2p so it is going to be very difficult. I hope that people there will be safe, because this is just another step of being a horrible nation.
2363  Economy / Exchanges / Re: Will the exchange cancel all Chinese users? on: September 27, 2021, 06:54:23 PM
Following the announcement of the Chinese government to ban Bitcoin;
Huobi.com has issued the most tragic announcement to clear all Chinese users.
Will Binance and OKcoin issue the same notification next?
So will it be followed by the cruelest process of suppressing the price of Bitcoin?
That’s what’s they are going to do, they will cancel Chinese users. People who are living there will have to switch from those centralized exchanges to making use of decentralized /peer-to-peer exchanges, because P2P exchanges are the only places they can trade without having any problem with the government.

By the way, I don’t even know why we are still talking about this China banning of bitcoin and other cryptocurrencies by now this is not the first time that they are saying this, I even thought that it has been banned some years back, because I can remember this is not the first year that I have been hearing about Chinese ban on cryptocurrency, it has gotten to an extent where it tickles me anytime I see the media repeating this same news, just starting to seem like a new strategy for them to be bringing the price down every year.
2364  Bitcoin / Bitcoin Discussion / Re: US Infrastructure Bill 2021 and Bitcoin on: September 27, 2021, 04:08:37 PM
What will be the impact of US Infrastructure Bill 2021 on bitcoin ? Many people are saying that bitcoin will dump on this event but i fell otherwise. When everyone is anticipating a dump, we may see opposite. Also bitcoin is moving in falling wedge pattern and a pump is more likely to happen.
Have you seen the bill yet? I think it is going to depend on what it is all about, and that’s what will determine whether it is going to affect bitcoin price or not. If it is not something that is going to affect bitcoin there, then it’s  it going to have any effect.

Moreover, I think it will be a harsh thing for them to do if they would suddenly turn against bitcoin there, because there are already lots of big cryptocurrency exchanges/companies there now, and doing something that would hurt them won’t be a good idea. Although I do know that if anything happens these companies will quickly move to other locations where it’s legal for them to operate.
2365  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: September 26, 2021, 09:58:12 PM
I really loved the fact that the teams looked actually similar in level. I know that Chelsea has been great recently and they have won UCL and all that, so it should not come off as a shock that they were close to City in talent, after all they are the most recent UCL winners.

However looking at previous seasons, City dominated the premier league and even won this game as well (a bit lucky goal if you ask me) so it was a bit expected from City to dominate this game as well, or at least I expected that. However it wasn't like that, Tuchel's Chelsea is a lot different than any other Chelsea we have seen for the past few years, they are really playing a lot better. I assume that they will keep on being good for a while longer, but for just one this game, they ended up being the losers, even though they were looking good.
2366  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it good to invest on cheap promising coins? on: September 26, 2021, 09:02:19 PM
I'm thinking about to invest in Zero coin.

it's being mined since 2017.
supply is ~10m of total 17m.
it's a privacy coin, still cheap, and has zero transaction fees.
It’s not bad to invest in small coins, depending on how good they are they can grow tomorrow and reach a high price. But from your name and your post it’s quite clear that you’re shilling this particular coin.

Anyways, I have gone through the website and also checked coinmarketcap.com, I think the coin is good. Though the market cap is quite low; $2 million market cap. The team can still put in a lot more of hard work and try to run promotions on social media platforms to give this project a little more push. Shilling it on forum is not really enough for it get big, they have to do more.
2367  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: September 25, 2021, 09:59:20 PM
We are still in very early stages of the season right now and people are reacting as if we are seeing the end of the season games. Whatever happens in these early weeks do not matter too much in the later stages of the year. If a team goes on a big run of wins, have a huge streak, then they could change all of this around.

I believe even Arsenal has a chance to get in the top 6-7 and go to european cups next season, all they need is to get better and they could do that, they have the roster for that, I am sure if they have like just 5 game winning streak right now, they could end up at the top levels very easily. So, we should not judge teams capabilities and talent based on just early few weeks.
2368  Economy / Speculation / Re: El Salvador run or survive? on: September 25, 2021, 10:21:16 AM
One of the probable solution here for El Salvador citizens must be, if they spend for bitcoins for the purpose of using it as a legal tender then they must spend bitcoins as early as possible; it means do not buy bitcoins for month long expenses just buy bitcoins for one or two days' expenses hence short holding may not hurt much. This way they may get chances to escape from wild fluctuations of bitcoins.
Yeah, not sure how their government will take care of their people against extreme volatile days of bitcoin. I mean after the current bull run which may end in December 2021, we may have usual year long bear run in 2022 which might be not suitable for the people who get paid in bitcoin and saving bitcoins for their daily life. Moreover, bitcoin is in initial stage and El Salvador's decision to adopt might be a real time case study for most other countries.

Hopefully people from El Salvador might have planned to survive against the fluctuations of bitcoins hence I do not think they will run away from these.
2369  Economy / Trading Discussion / Re: How I turn my $200 to $20000 on: September 24, 2021, 08:08:56 PM
I have to admit that im a terrible trader who is still struggle in controlling my emotions. If I cant fix this issue, I believe I will become a successful trader who has persistent income every months. My trading career is just begun. I will keep learning and practicing.

I hope that you guys will have a great income with cryptocurrency because the bull already moves. But remember, always cashout your money every time you have a big profit. Why? Because money management is the important key. And you will never know when there is an another crash
Even you are unable to control your emotions, you did very well, trading a $200 initial investment to $20,000 is not an easy feat to achieve. There are people who have been trading for years more than you have been here in trading, like you said, but they have not been able to make this much with a little amount.

For some people, before you can achieve a profit that is as high as this you will have to invest a huge amount of capital to even get close. Trading is all about dedication and patience, because you never know when your luck will shine. As you keep having patience and dedicating your time and working hard, you can just come across a strategy that will push you forward.
2370  Bitcoin / Bitcoin Discussion / Re: Sending Bitcoin through SMS/Text Messaging? on: September 24, 2021, 06:41:29 PM
I'm looking for a way to send Bitcoin to people in countries which lack Internet access. After all, being able to send Bitcoin in a safe and secure way over SMS/Text messaging would prove to be extremely convenient for "offline" transactions. For once, I've heard about a crypto service which allowed people to send Bitcoin over SMS/Text messaging. But I can't recall its name. Still though, it relies on a central operator/middleman. I'd prefer a solution that would allow me to send BTC though SMS/Text messaging in the most decentralized way possible.
I am not aware of anything like that possible right now, but people have talked about this often times. I think anything about decentralization works best on the internet. You can’t send text message without your network provider, so I don’t know if that is really decentralized. But I think there are apps that allows you to send cryptocurrency when you’re offline, with the help of a Wi-Fi connection between the two parties. Then you can, maybe, send them private keys, although this one doesn’t seem like a good choice for me. And by the way, I think I saw a news that Visa is working on something like this, but not SMS, although they only working with USDT for now.
2371  Bitcoin / Bitcoin Discussion / Re: Elizabeth Warren claims on: September 24, 2021, 01:04:12 PM
A six-month period has seen $80 million stolen from Crypto as a result of scams, claims Elizabeth Warren. Aside from the $11.11 Billion in fines US banks received for shady business, she neglects to mention the $12 Billion in overdraft fees consumers will pay to banks in 2020!
The government and the banks works together, so they will always do anything in favor of the banks. Since whatever is favoring the banks it's also going to be favoring the government as they will be getting something from it.

So, it shouldn’t be a surprise to you when you see them saying things in favor of banks and saying bad words that will ruin cryptocurrency. They will always talk about scams that are being carried out with cryptocurrency, but they are forgetting that there are lots of scammers that are carrying out their activities by making use of banks. scam has been occurring many years even before we thought of cryptocurrency.
2372  Economy / Economics / Re: DO I NEED TO LOOSE THE ONE I HAVE GOTTEN OR LOOK TO GAIN MORE? on: September 24, 2021, 10:12:02 AM
Everyone’s wish is to have a good and dream future which is more brighter than any other thing else, but by so doing, some loose the ones they have gotten already while others tends to gain more and add to their fortunes, thereby making them more famous and relevant. The Bible said “Hold thou fast which thou has” so there is no justification for you to loose the things you have gotten but this don’t always stand as some people are ready to gain even the one which you have accumulated for yourself. In my life, I feel better to gain than loss because;
1.Winning and gaining is what am in this life for
2.  Gaining will make me more relevant in all endeavors than to loose
3.  For me to get engaged in many things, then my mindset is determined already
    on gains
4.  I say yes to the pains because no pain then no gain, therefore I should have
    more.
Instead of you to lose what you have gotten so far it is best that you sell the coin and withdraw the profit you have made. There are other things you can do with the money, I believe that we all have other plans that we are into, like businesses that we do, you can as well invest in those other businesses that you’re doing to help your future. I invest in bitcoin, but it is not the only thing that I am doing, I have so many other things that I am doing to be able to handle the responsibilities that I have. So, when you are investing in bitcoin it is not like you’re going to hold it forever, once you have been able to make a good enough profit, you can sell and wait for another time to buy again.
2373  Economy / Trading Discussion / Re: Taking loan to trade is a risky task on: September 24, 2021, 09:02:08 AM
The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed,  in a case whereby the person do not have good source of income.
That’s one thing to avoid. Borrowing money to trade in this market is a huge risk. You’re not only going to be worried about the fact that you’re losing the money, you’re also going to be worried that it is a money that doesn’t belong to you and you would have to pay it back. Of course, I have seen a few people who have taken this risk and were lucky, but majority of those that tried it lost their money, so it is a huge risk to take. Best thing for one to do is to raise the money by themselves and then invest it in trading. Owning the money you’re using for trade is the best thing you can do for yourself.
2374  Economy / Economics / Re: [LIST] Countries that own bitcoin on: September 23, 2021, 09:51:19 PM
If they had 700 bitcoin, it's enough for them to live like a king for the period if thousand years.And it with a conditions apply.Because we don't know, bitcoin will survive for that much years and can't be sure.Secondly he need to handover the control of bitcoin to next generation. If the handover missed out in any generation. Then everything everything get into soil.
I wouldn't be so sure about that part. I mean definitely a good amount, but who could hold it for a thousand years. I also believe that we probably won't see thousand years with the same nations. How many nations are out there with the same exact land they had a thousand years ago?

I do believe that they will keep on getting more and more in the end as well, it is just way too common for these type of big investors (even though El Salvador might be considered small nation, they are a big investor) they could totally gather more and more. This is why I believe that we should consider them getting thousands by few years time.
2375  Alternate cryptocurrencies / Altcoin Discussion / Re: Do whales manipulate the market? on: September 23, 2021, 07:23:06 PM
The huge operation of the whale may affect the market, and the operation of the huge whale is also transparent in Bitcoin. We can check their actions at any time and analyze market trends.
Does the ground gets wet when it rains? As long as there are any markets in the world, there will be people trying to manipulate it, it doesn't even have to be a whale, it is simply just profitable to manipulate markets if you can which means that people will keep on manipulating it as long as they can. It is simple as that.

I personally never tried it but there were very small coins that people manipulated while I was there as well and I had to contribute to their manipulation once to get out, otherwise I would have to get out at low technically. All in all it is not really a smart decision to keep on hurting the market, because in the end you will end up with a hurt market and can't keep on manipulating to make a profit.
2376  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Im going to buy solana at 80$ on: September 23, 2021, 06:36:26 PM
I strongly agree that solana is the right choice to invest because this altcoin has a high market capitalization, so there is a great opportunity to continue to increase in the future, currently the price of solana on CMC has reached $ 145, and in my opinion it is very unlikely to go down to $ 80, but  even though the price of solana is almost close to $150 there is still a chance to drop back to $120 to $130 in the upcoming correction, and that is the ideal time to buy Solana,
I would say that if there is a chance it could correct itself to lower levels, that means it is not the best time to invest into SOL right now. What we have to realize is that it had a huge increase in the last month or two which means that we are already too late for this increase, we could be early for the very next one but why keep on investing into something that has already expressed the profit when you could instead look for another that could do it for you? I personally do not get in to way to early ones.

I wait for a while, like for example if you ask me Cake is at a perfect place to buy, so is uni as well. Why? Because eventually in 2-3 years time they will have this kind of huge increase as well, they will be 100+ dollars and people will be asking if they should buy it at that point and not right now. I can't guarantee it of course but it makes much more sense.
2377  Bitcoin / Bitcoin Discussion / Re: Crypto Scammers put bad impact to Our Government about Bitcoin Transections. on: September 23, 2021, 01:39:39 PM
In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.

I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
That’s what a lot of people think that is making the government not to accept cryptocurrency, but I don’t think this is true. If it has to do with scam, then this is not an excuse because cryptocurrency is not the only thing that is being used for scamming people. Majority of the scammers make use of Fiat, and they never get caught by banks or the government. So, it doesn’t have to do with scamming at all.

Although I do understand that crypto currency is a type of currency that keeps its users private, but even at that it can still be traced. Some research even shows that you can easily be traced more than when making use of Fiat for such activities, so scammers tend to go for Fiat instead of crypto currency. Maybe why the government is not supporting cryptocurrency is because they can't control it.
2378  Bitcoin / Bitcoin Discussion / Re: Rich people causes cryptocurrency ban on: September 23, 2021, 06:32:29 AM
I seen that cryptocurrency want to be highjacked by rich people, looking around  countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
Bitcoin isn’t that bad. And from what I have seen so far, the governments that has banned cryptocurrency don’t really have an excuse that is good enough. Reasons they give are usually not enough good reason why they should place a ban on it. Some of them would say it is because it can be used to fund terrorism, which they don’t even have any proof at all for that.

Most of these terrorists attacks are usually being funded with fiat, and the government isn’t doing anything about banks that are letting these things slip through their watch, which is very bad. Now because they feel that bitcoin is uncontrollable, they now want to ban it.
2379  Alternate cryptocurrencies / Altcoin Discussion / Re: time to add your bag on: September 22, 2021, 09:22:31 PM
today the price of cryptocurrency (including Bitcoin) is correcting again and I suggest you don't panic sell, but now is an opportunity for us to buy cryptocurrency that we want at a low price, so don't miss this opportunity or you will regret it when the market starts to recover and increasing again, because I believe the correction that happened this year will not be as severe as in previous years, so market conditions will definitely recover quickly and will make you get profit in the near future.
I don’t know if the market to be going up anytime soon, but I’m always investing whenever the market is slow like this. My investments are usually weekly and monthly, and I’m always doing it steady,unless when there is a heavy increase in price,then I can decide to take a break and I go with the ones I’ve already gotten when the price was low.

Since, the price went down after reaching $60,000 I have been buying Bitcoin and storing them in my wallet, because I saw this as an opportunity and I will keep doing it until the next time the price will start to increase heavily again, that is to say when there is a bull run. So you are right about this, this is a chance for people to buy and stock into their wallet.
2380  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Looking To Invest $50-$100 In New Projects Any Ideas? on: September 22, 2021, 07:10:07 PM
Hello everyone and hope everyone is doing well. I am currently looking to invest in some new projects in the sum of 50-100 dollars. If you have any new or exciting projects you would like to share with us here, please post and let us know. Until next time take care.
I am not really good with looking for new crypto currency in the market, but there are some old coins that are worth investing in even till now. So many of them are worth your investment. You can even invest in the cryptocurrency that is trending now which is Solana, it is not must that you will invest in a new one.

There are some good projects out there that are slowly walking up the charts and increasing in value, before you know it they start pumping in price, which is what happened with this Solana. Then BNB is another good coin that I will recommend. Another is VeChain, and Bitcoin is still worth investing, and Uniswap as well. It’s still up to you look for what you want to invest in. But if you’re going to be investing in a totally new coin, then be careful and do proper research. good luck.
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