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601  Economy / Economics / Re: China Setting up mBridge against US Swift Ban on: August 18, 2023, 07:21:42 AM
I hope we know that what China is doing is giving the US the middle finger Grin
It was BRICS and now well-thought-out alternative payment system for cross-border transactions solely aimed at reducing Western influence and creating a better represent emerging market economies.
What are the implications?
- a decline in the value of the US dollar which would affect its dominance in global financial transactions thereby impacting US and EU economies.
- a decrease in the ability of the US and EU to enforce economic sanctions thereby shift global power dynamics towards emerging economies like China and Russia.
602  Bitcoin / Bitcoin Discussion / Re: SpaceX sold $373M worth Bitcoin, reason of current dump on: August 18, 2023, 07:05:06 AM
Thus is fantastic news, Musk needs to be removed from the ecosystem, or at least not have exposure through his companies.
Yes, in the short term, it hurts us but in the long term it is good for the bitcoin community. Elon and everything else related to him and bitcoin has to be purged out of the system. That man shouldn't be allowed to own 0.00000001 satoshi ever again if it could be done. They sold at a loss, it is their loss not ours. Doge coin or whatever shitcoin he promotes cannot topple bitcoin.

I'm not sure that's the main reason though. SpaceX news were published a couple hours ago, and the (flash) crash just happened, it looks like China's Evergrande filing for banckrupcy is what caused this?
But we saw this coming. One year ago, they were already turning to the government for debt-for-equity rescue program. They also offered property and parking spaces instead of cash payments to investors and creditors. It comes as no surprise at all.
603  Economy / Trading Discussion / Re: Navigating Bitcoin's Price Plunge: What Awaits Next? on: August 18, 2023, 04:52:24 AM
The price of BTCBitcoin has undergone a breakdown of the pole-and-flag pattern, resulting in a decline below the significant immediate support level of $29,000, ultimately reaching a 25-day low below the $28,000 threshold. Despite this, it's noteworthy that BTC is currently trading below the 100-day Simple Moving Average (SMA), while the 200-day SMA remains positioned to potentially offer support in the near future.

The question that arises now is whether Bitcoin will experience a rebound or persist in its ongoing trend. The unfolding market dynamics will provide further insights into the trajectory of this cryptocurrency.

Tradingview post: https://www.tradingview.com/x/EIZjUOU4/
This doesn't call for panic at all. This is something that we are used to. In June we had same thing happen when the price plunged to below 26k and after a couple of days, it rebounded. This will not persist though. What is happening, I think is that bitcoin is reacting to the macroeconomics situation of bonds, equities, higher interest rates, and commodities weakening. It is a complex market but there is hope. You should get your money out and buy now.
604  Economy / Trading Discussion / Re: What could be the problem here? on: August 18, 2023, 04:34:41 AM
Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.
Small losses are important to a trader success but consistent small losses is a red flag that should not be ignored. You may be doing one of these three things wrong. They include your position sizing is too large and you keep adding to a losing trade, you do not close the loss at your initial stop loss, and you let the price keep running against you. To solve these problems if it one of the causes of what you are experiencing, you need to have proper position sizing, you set yourself a position sizing rule of 0. 5 percent one percent or maybe even two percent per trade and then you stick to it no loss should ever exceed this limit.

As with the issue with the stop loss, when the price hits their initial stop loss you should be out you do not. Never revenge trade and do not jump back into trades.
605  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [ROUND 2] Utopia P2P Ecosystem 💎 - Android APP Review campaign 🔎 on: August 18, 2023, 04:02:27 AM
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606  Economy / Gambling / Re: 0xBET | Crypto Casino 🎲 Sportsbook ⚽ Fast Payouts ✅ on: August 17, 2023, 08:06:03 PM
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I am also happy that you have my favourite casino games. Lastly, the graphics and UI/UX blend on the website is beautiful. Wishing you success.
607  Economy / Economics / Re: New Research found Work from home workers to be less productive on: August 17, 2023, 07:50:13 PM
I work from home and absolutely love it.  Here's the thing, if I do my job well, it doesn't matter if I take a nap during the middle of the day (and I absolutely do sometimes), or if I stop working around 12-1pm on Fridays (which I typically do), as long as I'm getting my job done and it a good manner, my boss doesn't care.  It's nice to work for a job that's like this, as I know some jobs mean there's always work to do when you're clocked in..so I could of course see people that work from home being less productive in a position like this.  

I also work on the weekends sometimes, as well late in to the afternoon..so there are some trade-offs.
All that matters with working from home is the result. Meeting the day's target. Once the individual is consistent in hitting it and it is not affecting the company's revenue then he is good. What I think is that some of these companies carry their toxic work habits and environment to their virtual work environment. Micromanaging, the constant demand for working long hours even on the weekends when working from home, setting unrealistic expectations from their staff, excessive criticism and many other. No staff can deliver on their work while working from home under these conditions. That isn't possible at all.

That is why I think that the research is not really complete...the researchers need to tell us about the culture in the workplace of the workers who were found to work from home but were less productive. We need to know.
608  Economy / Economics / Re: Bad economic situation makes bitcoins more difficult to keep. on: August 17, 2023, 07:41:22 PM
Let me give you an idea that will help. I recommend that you use a bitcoin only wallet, like Electrum wallet for this purpose. Have a wallet where you are holding bitcoin for the long term and another one where you are holding bitcoin intended for transactions, maybe as you have described the economic situation in your country that requires you to spend your bitcoins, use the second wallet will be for this purpose. This way, you have programmed your mind to separate what to spend and what to hold.

One other thing that I would add is this, do not overstretch yourself with investing in bitcoin. Sort out any financial need that you have either at once or in bits before investing in bitcoin so that you can less pressure on yourself.
609  Economy / Service Discussion / Re: any good app with bitcoin news? on: August 17, 2023, 07:26:38 PM
Why would you need an app for cryptocurrency news? Just open your browser and type in coindesk.com or cointelegraph.com. Its all the same news with slightly different headlines. Their websites should be phone friendly, although I honestly have not accessed them through my phone just yet. So I would not know. And in any way you would need an internet connection for either news app or browser. It just seems a bit strange to me. Like microwaving pop-tarts when you have a toaster. Just how many seconds of your time are you trying to save?  Roll Eyes Tongue
Having to open apps on phone just to get bitcoin news is a lot of work. I know it is the OP's preference but he or she needs to consider the amount of stress they have to put up with just to get the crypto news. Also, they have to constantly deal with the ads pop ups that accompanies using those mobile apps which I find really annoying.

All the OP need is a chrome browser and whenever they want crypto news just go and search for " Bitcoin news now", or " Crypto news now" or whatever keywords you want then go ahead and filter what you want. It is that simple instead of an app that would occupy your phone space, make you annoyed and leave you vulnerable to hacks and other security threats. Totally not worth it.
610  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 17, 2023, 07:15:07 PM
What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.
Do not be too motivated or excited to default on your strategy or plan in accumulation of bitcoin at whatever period you have planned. If you plan to invest $50 per week, the individual should stick to it even if something happens and they suddenly have a $100 that week. If you default on that plan for that week, you would mess it up for the rest of period and may become inconsistent in the amount you have decided to invest per week.

Drawing from the last analogy, do not neglect your basic and financial needs in a bid to accumulate bitcoin. It is the fastest way to become demotivated. Have a plan, a budget and stick to it.
611  Economy / Services / Re: [OPEN] 0xBET - Crypto Casino | Sig Campaign | Up to 0.0025 BTC/W on: August 16, 2023, 04:50:01 PM
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612  Economy / Trading Discussion / Re: Have you ever used copy trading apps on: August 13, 2023, 06:42:39 AM
Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please
I would be very careful with using copy trading apps for trading no matter what the reviews on the internet are saying. Most of them are scams. They customer agents don't respond to your messages on live chats or and when they do their requirements to get your issue sorted out is just discouraging. For any traders good, avoid copy trading apps. Learn trading and trade yourself. At least when you lose, you would know that it your fault and you would hold yourself accountable and improve on your next trade.
613  Economy / Trading Discussion / Re: Passive income with crypto on: August 13, 2023, 06:24:34 AM
Doing nothing and making a profit is the fantasy of many, but the majority realized the hard way that it is mostly an impossible mission. However, if you have a sense for marketing and promotion, you may try to promote affiliate links of some centralized crypto exchanges or online casinos, and in case you manage to find referrals who are active and invest significant funds, it can be a passive source of income.

Of course, in addition to time, you should also invest some money and be realistic with your goals, or in other words, don't hope for overnight success.

Yes. Affiliate marketing the OP can try this too and it requires him to put in the work but then there is nothing to lose. He can quit and anytime and that would be fine the amount of money he will earn will be equivalent to the amount of work he puts in and it will take some time before he starts to see the reward if he is up for it, then this is one of the best ways to earn passive income in crypto. I also think it is the easiest and most risk-free way too. Other things he can try include staking already mentioned by a user then yield farming, he may consider cloud mining if he has the equipment, crypto interest accounts, dividend-earning tokens, airdrops too, are in my opinion difficult.
614  Economy / Economics / Re: All millions are from real estate. on: August 13, 2023, 05:49:34 AM
Rental properties are best options because these give fare after every month. We can also take advance from lessee. After 5 to 8 years, retal property value will be double. In this way, we can in rental properties safely.
Real estate industry is continuously growing.
Just recently there was a thread on this forum that short lets are cause housing market to crash. This topic is a reminder that the reason why landlords and landladies would decide on short lets is because of the substantial income that they are making from it compared to regular rentals. There is an increase in digital nomads, individuals who do not want to stay in a hotel but prefer to stay in an apartment like their own for a short period of time and they are willing to pay thousands of dollars for it. Some of these property owners have multiple short-let apartments and those who don't are immediately converting their rentals to these because people who are doing so are making money off of it despite the housing problems it is causing.
615  Economy / Economics / Re: Agriculture can save your country from recession on: August 13, 2023, 05:37:13 AM
Although I'm starting small but I have a great dream to feed the nation with my agro business.
Starting small is a step in the right direction unless you have some experience in agriculture.  Also, your dreams are valid too. There's so much that agriculture can do for a nation aside feed the country. It can provide employment opportunities; it can be increasing a country's gross domestic product which measure how well a country is performing economically and otherwise. Agricultural products can be exported to other countries and there is also money made from exports. The possibilities are limitless. I hope your government will play its part in helping your business grow to thorough the provision of soft and hard loans, subsidies and many other agricultural inputs. Because it is only then will agriculture be able save your country from recession.
616  Economy / Reputation / Re: Hal Finney's Last Post on Bitcointalk on: August 13, 2023, 05:26:30 AM
Hal Finney for me is the satoshi. I don't know who else could be speculated as him, but for sure, Hal is the only one I can think of. He was the first person to ever tweet about Bitcoin. I know doesn't even matter in this case but still, he and Satoshi (actually himself) had a similar tone and made similar logic. He basically spent some years of his life talking to himself to make it look like he's not satoshi. I miss him though.
Many of us think so too. Hal Finney is Satoshi. How come he was the first person to receive bitcoin from Satoshi?  I read somewhere that Satoshi lived next to him. What a coincidence. Nah. This Man, God rest his soul is Satoshi. But he is one hell of a smart man. He laid out everything perfectly well and sadly exited. He legacy lives one and I am happy with that the bitcoin and crypto- community honors him.
617  Bitcoin / Bitcoin Discussion / Re: Is bitcoin really not for everyone? on: August 13, 2023, 05:14:26 AM
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is  different from the conventional ways they know of, always comes with some level of resistance.

I would like to tell you that this is not an issue that is peculiar to the developing world alone. Everyone who is not a young person needs lots of education and convincing. The percentage of the younger generation who get bitcoin is higher than the baby boomers. This is not the baby boomer's generation where you have to work for 35 years to live a decent life. The baby boomers are already used to having the government hold their money. This is the reason why it is just a few that will understand what being one's own bank truly means or self-custody of ones funds.


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In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
The fastest ways I am seeing baby boomers become interested in bitcoin and are slowly trying to get it is because of the financial institutions applying for bitcoin ETFs...this is the vehicle through which they thoroughly and confidently buy the idea. It is in a packaged form and their fear or risk of losing their funds through these institutions when they invest in bitcoin is low.
618  Economy / Trading Discussion / Re: Would you use AI trading assisting tools? on: August 12, 2023, 03:45:31 PM
In recent times we’ve seen traders opt for different trading tools and bots to raise their efficiencies and maximise their profits, but are they really effective compared to self-trading? I recently got wind of Aimbot as Bitget announced its listing, seeing it is one of those projects that promises to aid traders achieve improved results I decided to research and learn from the more experienced traders if they’ve researched this project, and their bias on AI trading assisting tools like this one.
Until I see a person who has actually made a profit trading using AI assistance, then I would actually believe that this works. There are many influencers online who are being sponsored by trading companies just to say that their AI will make ordinary traders make money, when in actual fact this is incorrect. Anyways, anyone who wants to try it out should use a simulation before live trading.
619  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: August 12, 2023, 03:28:10 PM
My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.
Good advice. As plebs we should also add so-called YouTube trading gurus, social media influencers trading gurus to the list to of investment materials we should be careful about consuming. Most of them repeat common concepts like technical indicators and patterns. They are not real traders. They are thriving on brand sponsorships and YouTube views. If you follow watch a couple of their videos or listen to them long enough you would see a pattern of them emphasizing certain strategies or ideas to attract readers or viewers, which might not necessarily align with successful real-world trading practices.
620  Economy / Economics / Re: PayPal becomes first major fintech to launch dollar-backed stablecoin on: August 12, 2023, 03:16:15 PM
Finally, Grin something that can beat USDT is unleashed in crypto world, many aren't going to be happy about this, and that includes the Tether guys, I think many funds will leave USDT at this point and swim into Paypal new stable coin.

Just as I thought, the competition is on. It's going to be PayPal vs USDT vs the banks. A nice move by PayPal. What will be the next move for USDT? Hoping to see the PayPal stablecoin listed on major exchanges as well.

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It looks like a good news, this could be the bridge between biggest payment systems in the world and crypto space at last, I had this dream in 2019 but it failed, lets hope this one will kick off well.
PayPal customers can now easily buy Bitcoin and perform other crypto transactions without leaving the app. This offers an additional advantage for Bitcoin awareness and adoption, as there could be a spill-over effect from this.

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