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2441  Economy / Trading Discussion / Re: How weird is it to borrow money and invest into Bitcoin? on: September 01, 2021, 06:35:44 PM
I want to know if it's much risk to borrow and purchase bitcoin like it is to trade bitcoin. However, the market is pumping, and it may seem like a good move if the loan is not for lunch, rent, and family bills which account for our daily needs (That is, my daily needs have been taken care of). Thus, timing is another criterion to discuss. How can someone know the perfect time to pick such a desperate gamble? We win or lose in trading or holding bitcoin but, I presume with the help of experts in this forum who have gone through thick and thins in this market, good guides or rules can be shared for users and newbies in the forum to have a grip on the market and know if borrowing is appropriate. It does sound thoughtless but, borrowing is part of the business. And we must prepare for the best as well.
It is a funny problem to have, and one that I could possibly never have. The reason for that is the fact that I never get a loan, in fact banks stopped offering it to me as well so now if I ever want to get a loan then I can't, because I never got one and for them that means they do not "know" me, and that's why they can't loan it to me. I am fine with that by the way, never got a credit card, never got a loan, never worked with banks aside from the fact that I have to have my money in them, but that's about it really, I even withdraw nearly all my money each time I get a salary.

In my nation you can't get the salary in cash, it has to be deposited to the bank and that's about all there is for me. Long story short banks suck and if you do not want to work with them that's fine, but if you want to get their money and use it to buy bitcoin that's even better lol.
2442  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the crypto hype over? on: September 01, 2021, 06:04:06 PM
Bitcoin is already mainstream (sort of) so it doesn't need hype to survive. Only altcoins need it in order to avoid getting left behind the dust. I don't think the crypto hype is over yet, since the market is still bullish. People are still pouring money like crazy on NFTs and "De-Fi" so I'd expect the hype to continue until at least half of 2022. After that, there will be a bloodbath in crypto's prices due to loss of interest.

Fortunately, the market will recover after Bitcoin's block reward halving in 2024. It's been shown from time to time that Bitcoin goes to a new ATH after each halving, reviving the hype once more. You should take advantage of the hype in order to make as much money as possible. Ultimately, it's all about providing real use cases for the mainstream world. As long as a crypto project delivers as expected, nothing else matters. Just my opinion Smiley
I agree with basically everything you have said except the bloodbath part. There was a bloodpath in bitcoin during 2014-2015 period because mt.gox turned out to be a scam and everyone lost so much money even in that days amount, when you consider it today's amount that is billions gone overnight when they officially said it (and a bit beforehand as well).

Secondly at 2017-2018 period we had all the wars between miners and Craig Wright and coming down from a big bull run it took us lower and lower because they were selling to get cash to pay for their war. Nowadays we do not have that kind of stuff, we haven't fallen too much and we recovered most of it already, I do not think that we will ever see a big bloodbath ever again. This doesn't mean that we will not see any drop at all, of course we will see a drop, but those bloodbaths were like 80%+ down and I doubt we will ever see that again. Other parts of your message are fully agreed though.
2443  Economy / Speculation / Re: Bitcoin might be ready to pump similar to December 2020 on: September 01, 2021, 05:32:15 PM
We cannot forecast how the price goes since volatility is unpredictable but actually there are certain instances that we can check how market will go thru the chart although we cannot fully trust since the result is not accurate but somehow its a great help for traders on what they need to do to ride up the current volatility happened on certain period of time. forecast is meant to be taken as guide not to be hype and if you get FOMO for certain happenings then you might lose your money traded at that time.
I agree it's not an accurate forecast due to volatility but in the grand scale of things, the pattern that bitcoin forms is always the same  for over a decade, I mean the halving yielded the same result which were pumps after they happen.
In the very long term bitcoin is something that goes up, that is literally all that we have that we can prove right now, that doesn't mean that we will not be able to do something similar again or something different but bitcoin is a long term thing and that will always be true. It means that if you want to find cycles and patterns then you can find it, all you have to do is just keep on watching bitcoins price going up, that is all you have to do and nothing more.

I understand that you may find some patterns yearly or every halving or whatever but just because those were the specific times that price went up doesn't mean that it will be the same thing every time, the only true part in that is the fact that bitcoin will go up and that's it. I personally like to see bitcoin go up a lot so I create time periods as well but I never really rely on them at all.
2444  Economy / Speculation / Re: Will $50,000 be the resistant price? on: September 01, 2021, 04:04:53 PM
Only swing or short traders would really be selling on that point and seeing that price level which does have big sell order which i dont really see this resistance to be break anytime soon but

lets just not put aside the possibilities about sudden breakouts which did happen countlessly on this market.So everything is always on the watch and only to those people who do took

risk will really be getting advantage or profits once the market had really showed some good movement. Resistance level is on +10000 increment which considered to be always on that point.
I do believe that 50k is a psychological breaking point and not a real resistance point, we could pass that a lot easier if people just believed that we could but whenever we reach those levels people at as if that is the most amazing achievement and we could not do more and this is it. In reality that's not a big achievement, we are at 47k right now, that is just like 5% increase or something, maybe a bit more.

We should not be really getting super excited about an increase that is not even 10%, so how come then price drops as soon as we hit 50k? The first thing I said, people are acting as if 50k is a big deal when it is totally not a big deal at all, nothing different than 49k or 51k, 50k is same exact thing as those but people react differently to it.
2445  Economy / Speculation / Re: Bitcoin @ $50k on: August 31, 2021, 08:53:29 PM
I've never believed in anything for Bitcoin or crypto in general! I have some mild opinions from month to month, and then it changes quite frequently throughout the year but since I'm not invested in those opinions, as a long-term holder, I really don't have anything to lose or gain, other than entertainment;)

But the weekend-midweek cycle referenced is the one going on for the past 4/5 weeks is all. Like all patterns, only observable retrospectively.
I fully agree! We are same minded when it comes down to this, there are even 3-4 year cycles that people talk about and I do not believe that, I just believe in what I am doing which is long term holding and that will be profitable, there is no way that it will not be profitable and that's all I care about. As long as we could talk about the profits we could make in the long run then there is no point on believing all these cycles and patters and stuff like that because none of that will matter at all, only thing that will matter will be the amount of money that we could make based on long term trajectory.

I personally know that I will be rich in the future, it may take a decade, it may take a few decades but I know that I will be rich only if I can manage to keep my crypto currencies, and if I can add more that would be great too, if something happens to me and I need to sell them then I may not become rich.
2446  Economy / Economics / Re: Pakistan's Economy are going to crisis for Taliban? on: August 31, 2021, 08:17:02 PM
Pakistan's economy was predicted by the US government and the US poured money into the country for political and military control. Pakistan's economy is empty and has no momentum. The Taliban take over and they will have to reform their ways to get Pakistan's economy going.
The Americans have failed and they will impose sanctions on Pakistan to contain this force, but they have the backing of Russia and some other countries so its economic recovery can be difficult. difficulty.
After each economic stagnation is normal, they need political stability before embarking on economic development.
That could be Afghanistan you are talking about. I mean yeah sure Pakistan has a lot of shit going on in the nation and they are tied with USA as well that is all very true, but Taliban will not take over Pakistan or at least did not do so right now, they did it to Afghanistan instead. Pakistan is not doing well because their economy is in a stagnant stage and that is the main problem they are having right now, the moment they end up fixing it, they will get back on track or just like many other nations right now they will bankrupt and be a financially bad nation.

I am sorry but the whole world is in financial trouble right now, doesn't matter which nation you are, it is worse than 10 years ago and 10 years ago was the famous 2008 and aftermath, so that being even worse right now is a horrible situation, it is surreal that we manage to cripple the economy of the whole world this easily.
2447  Economy / Economics / Re: A way to make money online? on: August 31, 2021, 08:30:27 AM
Im looking for a way to make money online. I have a website in development but I would like to find a way to make some extra cash while the website is in development. I would just like it to not be Surveys, or Dropshipping. Got any ideas?
Everyone talked about the skills you need to have, which is true, if you know what you are doing then making money shouldn't really be a big trouble and making enough is the big trouble. If you work enough I am sure everyone in the world could make 20-50 bucks a month online very easily, but making 500+ is the challenge and that's earning, otherwise you could put in 100k into something and make more than that per month very very easily, so it is not really a big deal.

However nobody talks about physical business done online neither, nowadays with amazons, ebays and many other similar stuff all together you could build a digital company, without an office, and then sell something online as well. I have a friend who is in 3d business and he has been selling stuff to overseas for like 9 months now and he makes about 550 bucks a month from it, it is really a good job.
2448  Alternate cryptocurrencies / Altcoin Discussion / Re: Gas Fee Of BNB Is Increasing on: August 30, 2021, 08:27:07 PM
I don't know where OP had that issue since most of us who use the BNB or BSC platform could justify that the fee still remains low. $1 or even if it reaches $2, it is still quite low for me either. While ETH gas fee remains high, more than twice of BNB, this is not the thing we have to worried about unless if it continued to increase.
OP, please calm down. It wasn't that high enough to get emotional as sometimes fees increase will happen anytime. Like BTC transactions, it usually makes some surge like it reaches $10 and more in the previous weeks but for now, it drops again. Actually, it was just ETH had never drop till now.
At some point it was under 60 cents, I mean that was of course few months ago and nothing new but that was the case a few months ago. Nowadays it is a bit over 1 dollars, which is nearly a double increase. However that is is absolutely nothing compared to what is going on over at ETH constantly, it goes up and down like crazy and I have seen $40 approval many times as well, it is seriously not making any sense at all because of this reason.

I mean if there was a better option than I am sure people would move there, but just one dollars plus having one of the biggest ever ecosystems gives BSC the fair play better advantage for sure, it is just too obvious. So at the end of the day if we are not going to see any problems with the current situation, then we should keep grinding over at BSC, if one day ETH manages to drop it down then we could discuss.
2449  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum Price Prediction – Will ETH Hit $5,000 Soon? on: August 30, 2021, 11:19:19 AM
Ethereum has a bright future ahead of it in 2021. With ongoing developments happening within the ETH ecosystem and the overall crypto market, we may see ETH reach new heights.
Depends on the future of the mining a bit as well. Do you really think that when 2.0 becomes a reality people will keep on using it this much? I mean even with such hashrates it is getting so slow and expensive, staking would never be able to afford to keep it under these levels and that means a lot higher gas fee (while saving the planet a bit so I like it) and people move to other things.

We need to figure out a way to talk to developers, it has been "building it" for like how many years, and there is always this postponing thing that makes it unsure, it could be early 2022, it could be late 2023 and we will never know until those days are hit and we either see it or not. I hope that ethereum skyrockets soon, I love it, but I can't really say anything because it is a bit wacky right now and I do not see it being more certain and direct neither.
2450  Bitcoin / Bitcoin Discussion / Re: My friend got arrested in a p2p scam on: August 27, 2021, 07:06:49 AM
Was your friend charged for transacting with BTC or was it just the hacking case? That part of your story wasn't clear to me. What kind of ban was issued in your country? Was it issued by your Central bank?
The funds he received were illegal or hacked transactions and then he had to provide all the details to the cyber officials which revealed that he sold BTC and selling/buying BTC is illegal in his nation. That's what I have understood so far from this case.

I had a friend who was called for a P2P deal in person for cash and then he was robbed and injured when he went to the place for the deal. And he can't even register a complaint against the person because he was someone unknown guy at LocalBitcoins and there was no proof that he was scammed. And if he tells police that he was robbed of cash, they would instead file a case against him for money laundering rather than catching the scammer.
2451  Bitcoin / Bitcoin Discussion / Re: I rather stay hungry than sell my Bitcoin on: August 27, 2021, 05:18:33 AM
  If I will not eat I will die so If I'm sick and  what will be the purpose of my Bitcoins even high in value but if I'm not a strong, so it's useless my wealth I've save so it's better to save our life also an not just so greed about the value.
It's true that our health is important, if it's urgent and I have to sell my Bitcoins to buy food. So I will do it, even though I may be at a loss.
Because for me eating and drinking is much more important than keeping the Bitcoins I have. As you said, if we don't eat it can get sick or
even cause death, nothing is more valuable than our health and life.
I don't know if I am the only one who feels this - I'll take a loan to sort out my problems while still keeping my coins safe.

If you have 1BTC for example, you can easily get a good amount of loan from a trusted lender and you don't even have to sell your bitcoins. Once the price increases, you can sell a part of the bitcoins and repay the loan. One shouldn't rely on bitcoins for their food as investors because we all do something in real life that earns us money. When times are dire like the pandemic, you can use your assets and bitcoin to take loans and prevent being hungry.

No reason to keep yourself hungry when you can plan out smarty and avoid selling and being hungry both.
2452  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: August 26, 2021, 07:09:15 PM
saw odds, and had to put u8.5 goals on the match, but Bayern managed to score 12 goals
did not expect that really, but after 5 goals in first half hour, yeah, it was to be expected that there will be a lot of goals, Bayern had their attackers from the bench, and all of them tried to impress, since they do not stand a chance to join top team, while Lewandovski is playing

lost my bet, but congrats to Bayern, they scored 12, does not happen everyday
The first half of some games can be misleading. For example, it ends 4-0 or 5-0 but we don't see even one goal in the second half. But this was definitely not one of them.  Grin  Bayern Munich didn't bother stopping and continued to score even more goals in the second half. But their competitor was incredibly weak of course. Bayern just had their fun with them.
This is basically the German way. It doesn't matter what the score is, if you could score more then you end up scoring more, doesn't matter how strong the players are or not, if you could get them to 20-0 then you do it. Normally I would say that it is humiliating and it is definitely disgusting that Bayern did this, normally after like 4th 5th goal you should stop trying to score this easily and focus on some plays, just use the board and create some plays and work on them, get the condition up by running around, and overall "lose" the ball and try to defend in new ways and such.

You do not have to score this much, it is really shady to do so. However one thing saves this situation and it is the fact that is in Germany, Germans do not care what the score is and score as much as they can and this is why I believe that it is definitely normal for them to score this much.
2453  Economy / Speculation / Re: People are panic buying right now! on: August 26, 2021, 08:23:23 AM
Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges.   When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
  We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.
Yeah, ever since this topic started the price of bitcoin kept going up, and I have to say that I find it interesting and funny because it is obvious that we are not going to keep on buying right now because of panic because the price is actually going up and should be making a profit based on the correct assumption that price went up, not just panic buying.

Panic buying should be said to people who end up buying bitcoin because they saw it go up, and they got panic to buy it, but if the price actually goes up and makes people profit then why would we call it panic, it was a correct decision to buy bitcoin because we made money from it as well. I wish I had more money that I could have used to buy more bitcoins, I still do not have nearly as much as I want to, I want to own 1 full bitcoin and I have a long way to go there and when it was lower at 30k levels it would have been awesome to buy more.
2454  Economy / Trading Discussion / Re: Are there any relationship between Gold and Bitcoin ? on: August 26, 2021, 05:18:08 AM
Of all the ideas I've come across as a digital currency when it comes to cryptocurrency, I think bitcoin is the most popular digital currency in the world compared to gold. So at present it is possible to make a lot of profit by investing in Bitcoin as compared to gold.  The value of this cryptocurrency bitcoin has already moved closer to $50k and will increase the most in the future.
Yeah, price could be independent or related depending on the situation, like last march when the covid hit, the price of gold was not doing good in my nation, while price of bitcoin crashed as well, that is a relation, but gold prices didn't rise as much as bitcoin prices did, from 4k to 64k is a 16x increase and gold DEFINITELY didn't do that, that would be like world's biggest news ever if gold ever did that, it goes up a little and goes down a little.

So, relation as in price? Maybe. Relation as in the way people use? Definitely.

However reality is that the way people use it is definitely similar, people use them for store of value, dollar (or any fiat) gets less and less valuable over time and that means that people could use gold or bitcoin to save their value instead of letting them rot in fiat. Which is why I %100 believe that their logic are one and same.
2455  Economy / Trading Discussion / Re: Mobile phone vs. laptop vs. tab...what's your preferred device for day trading? on: August 25, 2021, 08:22:17 PM
Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.
If I am to choose one over the others I am going to choose my laptop at all times. Yup, my laptop is the best for my trading, although it is not something that I carry around all the time, most times it is in my house and I only get to make use of it when I am at home. Why laptop is the best for trading is because it is as powerful as a trading desktop, and since it is a full computer, you are getting every features that will be available on that platform and you also have a wider screen to trade as well.

I also use mobile phone, but it can’t be compared to laptop, same as tabs. And moreover I can carry my laptop around, though it wouldn’t be as easy as carrying your smartphone around, you’re going to need your backpack for it.
2456  Bitcoin / Bitcoin Discussion / Re: Bitcoin instant transactions are less secure on: August 25, 2021, 06:30:34 PM
As you know, each Bitcoin transaction usually takes a few seconds, and confirmation of the same transaction starts ten minutes after that. During this time, interaction is permitted and may also be reversible. Deceptive users try to cheat. If you can't wait for approval, request a small transaction fee or use the Unsafe Interactions Detection System, which can enhance security. For higher amounts, e.g. US$1,000, it makes sense to wait for 6 confirmations or more. Any confirmation can reduce the risk of reverse transactions exponentially.
The confirmations are very important for a reason, but I have never seen a bitcoin transaction reversed before. Maybe there are big companies, that runs wallet and owns a mining farm that may be able to do that, but I have not seen or heard that it was reversed before. That aside, the transaction fees that you’re paying for the transactions you’re making with bitcoin are what determines how fast your transaction is going to be. When you’re doing this transaction you have three options and the highest option there which is priority tries to make sure that your transaction is in the next block and gets confirmed immediately.
2457  Economy / Economics / Re: Is there a possibility of a Country to ban access to Crypto games? on: August 25, 2021, 05:10:38 PM
Are you talking about Axie Infinity? I think that a decentralized platform can't be taxed or banned by the government and it's going to be difficult for them to ban the game because people will find a way to bypass the ban and go on like it's not banned.
Our government now is planning to tax crypto investors and players, I think they can track it like how they track youtube vloggers to pay their taxes. They can’t tax the small earners but those who might ise the bank or if they have contact with the company they can probably. Im not sure yet how they will do it since its crypto and there many ways to cashout it bit soon they will sure yo figure it out especially now they see the interest of people in it
Even if they catch people who are playing these games or investing in crypto but how would they know what's the amount of money you are making playing these games or making these investments? Because, crypto is untraceable if used wisely and there's no way unless you are tortured that you would reveal the real income.

One can always pay a small amount on taxes and get away by making much more money. For example, if the government knows you are investing in crypto and making money, you can pay taxes on 10% of the profits and keep the 90% secret. There's no way they would ever come to know about it. I am not suggesting anyone of doing so but this is a possibility.
2458  Economy / Gambling discussion / Re: Can anyone explain these gambling questions? (Client Seed & RTP) on: August 25, 2021, 05:27:45 AM
I don't think there will be a case when a certain number of people share the same client seed. As far as I know, the 'client-seed' is created at random by the browser that is being used by the player. I'm not sure whether other individuals will share the same client seed with each other because they still believe that a specific 'client-seed' has an underlying luck in it.

Clientseed - provided by your browser and adjusted by you
Client seed is something you enter into the casino. A lot of casinos offer a random client seed though to make things easier for the players but I would always suggest everyone to put their own client seed when starting a new betting session.

And no, every player uses their own client seed which may or may not be same but the server seed is always unique for each bet and every player so results are random.

I remember someone cleaned Primedice years ago when he somehow was able to get the same server seed again and again which who's hash he already knew before betting.
2459  Economy / Gambling / Re: #1 RATINGS of BITCOIN SPORTSBOOKS : poster book discussion on: August 24, 2021, 06:38:03 PM
Reminder to withdraw all funds from BetBTC. Also, do not multi-account at any sportsbook. This seems to be a major source of problems and KYC requests from a sportsbook. If there are two accounts from the same household, IP or computer, I'd recommend that you contact the book before playing making them aware of the situation. The above is not the only way that books determine a person multi-accounting. They've become very sophisticated in their abilities to track a person with multiple accounts being used to circumvent limits or abuse bonuses. The three ways mentioned previously are the easiest ways to get caught, but there are others. It's not worth the risk.
Excellent information actually. There has been a lot of demand for KYC documents and I think a lot of it has to do with sports betting because there are multiple ways of cheating a sportsbook while cheating a casino is near impossible.

For those who are unaware of how someone can cheat a sports betting website, I will tell you how.

So, basically sportsbooks limit players to a certain amount and it may happen for various reasons like the player is winning too much or doing arbitrage, etc.

Some players are creating new accounts to get fresh limits which is a direct violation of the terms and conditions and hence sportsbooks are asking for documents recently.
2460  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: August 24, 2021, 12:27:13 PM
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

The profit of investing bitcoin in the long term all depends on future market movements, but unfortunately we can't predict the future of cryptocurrencies, if the price of bitcoin in the future goes up, of course you will get double profits, but if the price goes down, of course you have to. be patient again to get profit for you
The futuristic value of BTC is quite obviously a lot. As a trader it might be difficult to predict the market movement for the next week or month but from an investor's point of view, they can just buy BTC, save the private key and forget about it completely for a few years.

Investing is easier than trading but it requires more financial stability such that you can block a large sum of money without having to worry about it. trading is about actively using the funds to make more money.

In simple words, if you have a lot of money but lack time/skills then go for investment in crypto. If you have a lot of time and skills but lack funds then trading is the right choice for you.
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