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1421  Bitcoin / Bitcoin Discussion / Re: we don't have proper education on bitcoin. on: April 12, 2023, 03:06:03 AM
Please correct me if I am wrong
Even in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin. Sad Sad Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin.
Is there any way to solve this problem?


It is correct that Bitcoin is a very complex method of payment which is not easy to understand, if you don't have background of IT technology and Finance, there are many people around the world, in particular in developing countries where people hardly know anything about it and those who have little idea about it, they also have misconception about it. In simple words, it can be seen as marriage of IT technology and finance. It has created new way of approaching financial transactions as well as, it has potential to completely transform the current system of payment.

I think social media is the best platform to create awareness about Bitcoin.
1422  Local / Other languages/locations / Re: Pakistan on: April 12, 2023, 12:08:55 AM

Banxa ke CEO aur chief legal officer Richard Mico ne kaha ke bond market mein Federal Reserve ki policy ka asar nazar aa raha hai aur BTC is policy kay mutabiq grow kar rahi hai. Baki Bitcoin Agian up he jaye ga Yhi sry analysis hu rha han


Brother, It is premature to say that Bitcoin price will continue increasing from now to onwards. Although there are many good news those are pushing its price upwards. Laikin abi bht sary resistance level hain jin ka aany waly dino mein Bitcoin ko samna kerna pry ga. 31,500 next resistance ha usky baad major resistance 33k pass ha. Current week ki candle agr green close hoti ha toh yeh bht acha signal ho ga or  Es week mein bht important events scheduled han jis mein CPI ka data  announcement or Ethereum ka shanghai update ha jo market ko bht volatile ker sakty han. Trade with caution.

https://www.investing.com/economic-calendar/
https://cointelegraph.com/news/bitcoin-price-faces-bearish-divergence-amid-22k-correction-target
1423  Economy / Economics / Re: If the dollar/fiat was worthless! on: April 11, 2023, 07:22:27 PM
I think if the dollar becomes 0 then bitcoin will also be affected because the dollar currency is a global currency exchange, not only bitcoin is experiencing disruption but all will be affected by the decline.


It is premature to think that value of dollar will become zero. The role of US dollar for the world economy is very crucial and it can not be underestimated, as more than 80% of goods and services are still traded in US dollar, which highlights its dominance, as it continues to serve as leading currency for majority of the global trade.

Although Bitcoin is gaining acceptance and popularity as alternative currency, but its volatility is the main obstacle to adopt it world-wide as means of payment.
1424  Economy / Speculation / Re: Bitcoin can do 30k$ this month? on: April 11, 2023, 01:41:07 PM
Bitcoin was in a downtrend for long, which means that the current price levels are not representing a fair price anymore. We will see if downtrend is reversed and we can return to normal levels 30-40k

It is correct that Bitcoin experienced persistent downtrend during the year 2022 but market began getting better in the 1st quarter of 2023 when FED revisited its monetary policy, and consequently  interest rates were increased at a lower rate due to decrease in CPI, and this development generated  positive sentiment in stocks and Bitcoin markets.

As of now, Bitcoin has started showing its real color and yesterday its price soared more than $1000 and currently it is trading around $30,170 which exhibits positive sentiment of market.
1425  Bitcoin / Bitcoin Discussion / Re: Bitcoin and dollar on: April 11, 2023, 08:16:03 AM
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not  crypto)  still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin  


Yes! It often does affect, in particular dollar & stock market index S&P500 can have significant influence on Bitcoin price.. However, I am pretty sure once Bitcoin is adopted world-wide as method of payment, then hopefully it will move on its own strength.

There are other factors those can also have significant impact on Bitcoin price including rate of inflation, hash and difficulty rate of Bitcoin mining.
1426  Economy / Speculation / Re: Are we now on Crypto bull run? on: April 11, 2023, 05:47:33 AM
Indeed, bitcoin is not yet fully in a bullrun. But at least with the recent more positive crypto market performance at least the bitcoin price will pass above $30k. If the crypto market continues to work positively until the middle of this year, it is very likely that a bitcoin bullrun will occur at the end of the year.

It is correct to say that market is not in full run yet. However, Yesterday evening, Bitcoin made very impressive upward movement that many of us had been anticipating since many weeks when Bitcoin was trading in  a narrow range for sometime, indicating an imminent breakout. This morning Asian markets opened with a green candle and currently Bitcoin is trading above $30,000. This suggests positive market sentiment and hopefully Bitcoin will also surpass it next major resistance which is around $33,000. DYOR
1427  Local / Other languages/locations / Re: Pakistan on: April 11, 2023, 12:16:56 AM
Aasslam o alikum, kasy han ap sb dost umeed han rozy kasy ja rahy han ajj Bitcoin (BTC) ne 70% izafa karkay $29,000 ke 9 mah ke highest level par pohancha gya hai. Leveraged futures markets ki overall use kam hai jis se wild price swings ka kam khatra hai. Liquidations forced closure hoti hai jab trading entity margin ki shortage ko pura na karpaye. High degree of leverage market ko vulnerable banata hai short squeeze aur liquidation cascade ke liye. Yeh issue bull run aur early bear market days mein common tha. Analysts ke mutabiq, low open interest relative to market cap ki wajah se risk kam hai. FTX ke collapse ke baad perpetual futures open interest to market ratio kam ho raha hai. Market abhi bhi risk-off mode mein hai. Sideways price action ke dauran non-expiring perpetual futures typically demand mein hotay hain.


Walaikum salam brother, Bitcoin ne kal bht impressive move ki ha and has shown its real color. I was expecting major move in its price since weeks and finally it occurred.
Agala target 30K ha jo umeed ha jaldi surpass ho jai ga or usky baad next major resistance 33K ha. Current week bht important ha ku k CPI ka data bi release hona ha or Ethereum ka shanghai upgrade jis ki waja Ethereum ki price kafi volatile ho sakti ha. Alts Market bi acha perform kere gi or mera favorite coin MATIC outperform ker sakta ha. Insha Allah. MATIC ka short term target is around $1.25 . DYOR.
1428  Bitcoin / Bitcoin Discussion / Re: How much effort should one put into Bitcoin investments on: April 10, 2023, 06:30:50 PM
Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair


Although like all other type of investments, risk is also involved in Bitcoin and we should make due diligence and research before putting our hard earned money in any asset , but n my opinion investing in Bitcoin is a life time opportunity and we should save from our earning whatever we can to invest in Bitcoin regularly because it can potentially change our fortune, due to its wide spread popularity as hedge against inflation. .

1429  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bad Economy on: April 10, 2023, 02:46:03 PM

It is true that El Salvador will definitely be beneficial in the future if they can properly manage their country's economic sector in addition to Bitcoin holdings. Why I said this is because since El Salvador has accepted Bitcoin in their legal tender, it will increase their Bitcoin adoption and also when the Bitcoin market is down, their economic condition may be worse and survival is the main factor here. If they can cross this intelligently then I think they can be ahead of other countries in the crypto industry in the future.

It is right that journey of transformation often comes with difficulties and challenges, this is the current realiy in El-Salvador. Unfortunately right after the country declared Bitcoin as legal tender, the price of Bitcoin started decreasing and came down to the extent of 80% which  further aggravated the economic situation which was already facing challenges of heavy foreign debt.

Having said that, the situation is getting better now. as Bitcoin is  on the path of price recovery, hopefully, the decision of El-Salvador will definitely benefit the country in the long term.
1430  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bad Economy on: April 10, 2023, 09:47:43 AM

It is biggest risk for Bitcoin because with Bitcoin, without Bitcoin miners, there will be no confirmation for Bitcoin transactions on its public ledger. In addition, with Bitcoin, you have to store it in your own wallets, not in online wallets and in many countries you will receive no support from governments, police to find scammers or hackers who steal your bitcoins.


You have highlighted a valid point about involvement of miners to confirm Bitcoin transductions and it can cause delay in transaction if there is sudden decrease in mining activity, however we should understand that it is their vested interest to remain active as they charge fee on every transaction.As far as support from government in case your wallet is hacked, it depends on how much friendly government is towards Bitcoin and we should continue raising our voice to adopt it is as legal method of payment which is in the best interest of everybody.
1431  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bad Economy on: April 10, 2023, 02:24:40 AM
Holding Bitcoin is a good asset and an investment opportunity, but you can't hold fiat that same way because idle fiat won't yield any profit rather you will make a loss. Bitcoin has nothing to do with a Bad economy at least not for my country.

Indeed holding Bitcoin for long term can be beneficial investment decision as it is generally considered hedge against inflation due to its limited supply. However, its role to impact economy of any country in good or bad way is debatable topic. El-Salvador was the first country to adopt Bitcoin as legal tender with aim to improve their economy, but their experience didn't turn out very successful due to volatile nature of Bitcoin.
1432  Local / Other languages/locations / Re: Pakistan on: April 10, 2023, 12:17:59 AM

Bhai dollar ki price beshak 5 rs increase or decrease ho idr frq kafi padh jata hai like, prices of fruits etc. Baki apki baat bi thik hai ky lays sasta kiya jay ya lays km daly jain but dhoka to bachy ky sath hi ho ga na, so ab sasti cheezo ka milna mushkil hi nhi na mumkin hai, overall, shaed mai ny rate kuch zayada bta diya so i think thodha km kr lety hain ap idea dy dy ky kitna rate rkha jay, mgr agr my zayda zhn lgao to koi na koi item zehn my a hi jay gi but ap zhn lgao or hmain bi btao.

Brother, dollar ki price mein thora bht izafa ya kami demand/supply or kuch manipulation ki waja se hota ha. Duniya ki her kism ki market mein  price speculation or bri bri whlales price manipulation kerti han mgr main factor fundamentals he hoty han. Pakistan ki economy mein jo fundamental fault line ha wo hamara trade deficit ha jo asal mein dollar ki price ko determine kerta ha or yeh sirf exports ko branay se ha theek ho sakta ha. Exports brany k liye apko manufacturing sector mein investment chaye taaky ap value addition k through exportable goods produce keren. China or India mein jo huge exportsable goods produce hoti han wo isi trh mumkin hoa k overseas Chinese or Indians ne apny apny country mein investment ki or yeh kaam overseas Pakistani bi ker sakty han agr yehan ek honest or visionary leadership ki hakumat bny jo investors ka confidence win ker saky or political stability aai tub hee investment aai gi or mulk khushal ho ga.
1433  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bad Economy on: April 09, 2023, 03:12:17 PM
People think Bitcoin could be a way to protect their money if the economy gets uncertain, especially if there's inflation or the value of money goes down. This is because there's only a limited amount of Bitcoin and it's not controlled by any one government or group. But it's also important to remember that Bitcoin can be risky, just like any investment. It's smart to do your own research and talk to experts before you invest any money.

The basic purpose of creating Bitcoin payment method was to provide safeguards to your fiat money against consistent devaluation due to unlimited supply of fiat currencies controlled by central banks of the countries and this is the reason it is widely regarded as one of the best performing assets. It is true that it very risk due to its extreme volatility but holding it for long term is always beneficial.
1434  Bitcoin / Bitcoin Discussion / Re: Can you consider yourself as a risk taker if you buy bitcoin? on: April 09, 2023, 09:53:33 AM
And one thing i have come to noticed is that " Most people buying bitcoin and other crypto currency, just want to see an increase in price in months/years to come".

These set of people don't even make proper research before buying, they don't get current info after buying, all they want to see is the accumulation in price of their Coin been bought.

It is true that there are many people who buy Bitcoin only because they hear a lot about its potential price increase,  from their friends and on social media, however even such investors are likely to make good profit if they buy in bear market and continue accumulating it on every major dip and wait for the return of bull cycle when their investment decision will reward them with huge benefits.
1435  Local / Other languages/locations / Re: Pakistan on: April 09, 2023, 12:04:51 AM
Bitcoin mining difficulty ka record high rate hai aur yeh pehle se 4th baar hua hai. Bitcoin ki qeemat ne 2023 ke turn ke baad se increase hona shuru kiya tha aur yeh miners ke liye kaafi attractive hua. Isi wajah se miners ne apne equipment ko reconnect karna shuru kiya tha. Bitcoin mining difficulty har 2,016 blocks ke baad

Brother, apne Bitcoin mining k process ko bht achy trh se explain kia ha or hash rate or difficulty rate bi usi waqt brta jub Bitcoin ki demand mein izafa hota ha ku k eski mining bht sary computer pe hony lugti ha. Meri apni gut feeling ha k Bitcoin ka bullish cycle shoro ho chuka ha or Bitcoin 15k pe 2022 mein bottom out ho chuka ha or shayed ab yeh price hamein dobara dekhny ko na mily. I think Bitcoin 2023 mein hee apna new All-time-high bna sakta ha, Insha Allah. Uski technical reason toh yeh ha k kafi dino eski price 200 daily moving average se oper ha jo k ek positive sign ha dosri bri waja paradigm shift ha ku k USA mein one after another jo banks collapse ho rehe han uski waja se logo ka Fiat based monetary system pe confidence shatter ho reha ha or investors ko Bitcoin ek behter alternative nazer aata ha. Yeh market k bary mein mera point of view ha jo ghalat bi ho sakta ha esliye kisi bi asset  mein investment se pehle apni bi research zarur keren.
1436  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: April 08, 2023, 03:34:56 PM

I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.


The impact of Russia and Ukraine war is devastating for the whole world in particular it has disturbed the supply chain of Food and petroleum products which has resulted in food and energy shortage worldwide. This is leading to skyrocketing inflation and making life of the people miserable in particular developing countries of Asian and African continents.

It is crucial for world leaders to sit together and find out a peaceful resolution of this conflict & this situation demands urgent and collective efforts on global level to alleviate the suffering of those affected by this crisis.
1437  Bitcoin / Bitcoin Discussion / Re: Can you consider yourself as a risk taker if you buy bitcoin? on: April 08, 2023, 11:21:30 AM

There is a huge pychological gap between assuming that you are a risk taker because you bought bitcoin and fully accepting the risks inherent in each bitcoin that you bought. I created this thread because I see a lot of people who are having negative emotions like regret, hatred, sadness, fear, jelousy and many more emotions just because they lose money after they bought bitcoin. The lesson is the best bitcoin investor and trade doesn't resonate the slightest bit of emotional discomfort because they understand the game and they fully accepted and embrace the risk where they know that buying bitcoin are probable not guaranteed.

There is always a certain degree of risk associated with any kind of investment and  Bitcoin in not exception. However keeping in view its limited supply and historical track record of outsmarting all kind other class of assets investment in Bitcoin is comparatively less risky in my opinion but you should remain patient and hold your nerves when it gets extremely volatile and you might see value of your investment losing its value to the extent of 80% or more. Those who hold it for long term are likely to harvest huge benefits on their wise investment decision.
1438  Economy / Speculation / Re: Are we now on Crypto bull run? on: April 08, 2023, 09:32:20 AM
In my opinion, although recently the price of bitcoin has increased, it seems that the crypto market is not yet fully in the bull run phase. We don't know how far the current price movement will continue. However, I'm not sure if the bitcoin price drops to the $15k area again.

You are correct, it appears that Bitcoin price has stuck between $27,000 to $28,000 for several weeks and trading within very short range.It is a lull before storm situation & I think it can not continue like that indefinitely. A significant movement may occur in either direction as a result of any negative or positive news. I believe that there is a possibility that it might hit $30,000 in coming weeks as technically it is still trading above 200 daily moving average (DMA) which is a positive sign..
1439  Economy / Economics / Re: How to increase capital investment on: April 08, 2023, 03:38:25 AM
I think the easiest thing to increase capital is to sell the assets that we have, don't be afraid to sell assets because everything will be able to return when we get a profit, as long as we want to try and think positively then we will find a way out or a solution.

It is better to consider potential consequences of selling asset against the risk involved, before you take the decision to sell any asset, as it can provide cash in the short term but in the long term it may have negative outcome. There are other alternatives available to raise funds, such as taking loan from bank, doing more than one jobs, seeking investors and launching  your own personnel business project.
1440  Local / Other languages/locations / Re: Pakistan on: April 08, 2023, 12:49:38 AM
Another small Airdrop for Arbitrum claimers

Jin users ko Arbitrum ka reward recieved ho chuka hai tho ab sirf yaha par bas nahe balke muje umeed hai k baqi new projects b hype bnane k liye aur number if Holder increase karne k liye en Airdrop claimers ko free mai apne token denge. eski sab se pehle misal tho aaj mai le kar aya hoo. Ye Auragi k naam se ek project hai. agar ap ne Arbitrum Defi use kia hai tho muje umeed hai k ap yaha eligible ho jaenge. Mje 1800 token mile jis ki current worth 5.5$ the jo mai ne un k Apne swap mai instant sell kr k profit book kar lia. Sayeds56 aur Unknown Op Bhai esko check kare .


Thanks brother for sharing this useful information. Mein ne bi around 1800 plus  Auregi k tokens claim ker liye han jis ki worth $5 k kareeb ha. Yeh airdrop uni logo ko mila ha jo log  Arbitrum k token claim krny k liye eligible thay.

Anyhow, It's very interesting development, eska matalab ha Arbitrum k airdrops winners ko mazeed airdrops milty rehen gay. Insha Allah   Cool Cool Cool

Next big airdrop zksync.era k net work pe https://syncswap.xyz/swap aa sakta ha es opportunity ko miss nhi kerna chaye or es dex pe kuch na kuch transactions kerty rehna chaye.

https://www.youtube.com/watch?v=0OGWZgzBB8g
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