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1521  Economy / Economics / Re: does bitcoin help in your economy? on: March 07, 2023, 12:22:24 PM
In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.

In deed, Bitcoin represents a significant opportunity for individuals with basic internet skills and basic knowledge of using apps to generate additional income through activities such as, investing, trading, mining or joining bounty campaigns. despite its ambiguous legal status in many countries including my own, but people are still using it as means of storing value and engaging in  trading activities because Bitcoin is an attractive option for those who are looking to expand their income generating opportunities.
1522  Economy / Services / Re: [CFNP] Roobet.com Signature Campaign | Snoop Dogg x Roobet | Full Members+ on: March 07, 2023, 01:49:56 AM
Thank you for accepting my request to join your campaign. While it would be an honor to work with you, I regret to inform you that I am unable to do so due to some personal engagements. However, I appreciate the opportunity and hope we can work together in the future. Thank you for understanding.
1523  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: March 03, 2023, 12:22:09 PM

1. The crypto market is a purely speculative market.
2. In a speculative market - the earnings of some are the losses of others. And I’ll clarify - there are always orders of magnitude fewer “winners” than “losers”
3. In order to trade on the stock exchange, one must have knowledge, experience, a good understanding, and a "feel" for the ongoing changes in the market.

All this together will contradict your assumption that the crypto market is a great place to make money, for everyone. I will not even give statistics and historical indicators of cryptocurrencies. I know that very many have lost money on investments in cryptocurrency trading.

The only thing I can say is that yes, at the moment, you can earn a little and more or less guaranteed on "scalping", constant fluctuations in the rate. And that's not for everyone Smiley

Thanks for sharing your insights on this topic. It is true that crypto market is very volatile and speculative and past performance of any project is not indicative of future results. Many people have lost money in crypto trading in particular newcomers who jump in trading business without making their own research and simply follow the advice of their friends and social media influences. For successful trading, it is crucial to make your own research, learn reading technical charts and follow financial discipline.
1524  Local / Other languages/locations / Re: Pakistan on: March 03, 2023, 10:01:31 AM

(Phelay mein sab mein tha, ab mein kisi mein ni)..Ab ap rule change kero k apnay app ko bhi select (vote) kerna hay.
Kitnay rules change kero gay meri wajah c  Cheesy

Umer Bhai, ap abi bi hamary dil mein han, apko ustad manty han ap se bht kuch seekha ha or ap consistently Pakistani thread pe active rehte han which is highly appreciate-able. God bless you.


Ji bilkul Sayed sir to bilkul hi ghaib hen Allah kary kheryat sy hon buss. Or Crypto yar ny bhi koi hazri nai lagwai kafi der ho gai hai.

Brother, Thanks for your concern. Bhai mein bilkul khariyat se houn, Alhamdulilah, zara ghar pe kuch construction k kaam mein busy houn.
1525  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 27, 2023, 07:40:42 AM
Sometime the market and the investor gives you wrong idea. I invested in Luna sometime ago and it was utter disaster
My friend suggested that we must invest all our saving in LUNA and that we did. We were hospitalize for a week after the loss.

I am sorry to hear about the negative experience you had with your investment in LUNA, which was one of the biggest disaster in crypto space that caused significant losses to millions of investors all over the world. It is important to remember that every investment is associated with certain degree of risk, and investment ideas coming from friends or investors can be intriguing, but You should make your own research, keeping in view your investment goals and financial circumstances before making investment decision.
1526  Local / Other languages/locations / Re: Pakistan on: February 24, 2023, 04:13:18 AM

Market ek bar per down aya magar muje lag raha k Bitcoin hai strong aur ye kisi be tariqe se acha break out karega aur hame acha pump fikhne ko mil sakta hai. optimism coin acha oper gia Coinbase k layer2 k news k bad magar ek baath bari hairan kun hai k Arbitrum aur optimism ki fee bahot ziada hogai achanak. pehle nft list par 0.5$ lagta tha aur ab 5$. pata nahe kia huwa hai.

G brother, Optimism layer2 ka ek bht fast growing or bht tezi se technological development krny wali team ka project ha ku k eski transaction fee kum ha or esky network pe bht sary protocols aa chuky han or mujhy khud 2 bar eska airdrop mil chuka ha or es mein mazeed airdrops bi aain gay. Kal enki coinbase k sath partnership hoi or 1 NFT airdrop kia ha or fortunately mujhy bi mili ha. Esky site ko time to time visit kerty rehein or jub kisi potential airdrop ki opportunity ho toh zarur join kerna chaye.

https://optimism.mirror.xyz/2jk3D1Y8-hid8YOCUUa6yXmsyzNCYYyFJP0Nhaey9x0
1527  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 23, 2023, 09:59:59 AM
That's right, there are different ways to achieve financial independence, and it's good if we move in several directions to achieve our goals. Can this be achieved with cryptocurrencies alone? I think yes, there are many examples of this, it all depends on many factors, but most of the stories that brought great profits were about the hold, so we draw conclusions and buy bitcoin for the long term. Smiley

It is true that there are many avenues to achieve financial freedom apart from crypto currencies, but as it is a new and fast growing and developing industry that experiences technological advancement at an accelerated pace. As a result, the like-hood of achieving success in this industry is significantly higher than other fields.
1528  Economy / Trading Discussion / Re: Can golden cross on S & P chart trigger buying in Bitcoin? on: February 22, 2023, 07:49:42 AM

It seems that the price of S&P 500 index is correlated with Bitcoin just with a twist. Because as you can see, the volatility of Bitcoin is extremely high.
As you can see on the chart, both of these assets went down and up together but by the same percentage at.
So for me, they have correlated somehow. So for me, this golden cross on S & P chart is a good sign also for Bitcoin.

You are correct, there are instances when we see correlation between these two variables, but it doesn't necessarily mean that there is any causal relationship or underlying trend driving the co-relationship. It has been often observed that this relation between stocks and Bitcoin market holds true during the low volatility period but may weaken or even disappear during the time of growth & high volatility. We should always remember that macro-economic factors play crucial role in shaping the trends of markets.
1529  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [HODL]Biswap.org (BSW) Signature Campaign |Binance +6 more exchange |Up to $90/w on: February 21, 2023, 03:24:25 PM
 Payment received for the 2nd week of Biswap bounty campaign, and I would like to take this opportunity to express my gratitude to @Royse777 and entire team of Biswap for the pleasant experience of working with them. Looking forward the resumption of campaign to continue working with you. Thanks
1530  Economy / Trading Discussion / Re: Can golden cross on S & P chart trigger buying in Bitcoin? on: February 19, 2023, 07:52:26 AM
You are correct in this analysis and likewise I don't think a particular indicator can be enough to trigger an order for bitcoin. Apart from your analysis on waiting for halving and the unlikely spike from any indicator, I think because bitcoin is not regulated so S $ P chart analysis wouldn't be well directional for bitcoin. It is moved by halving and more of fundamental/news and not technical analysis most of the time.

Correct, technical signal generated by a particular indicator is not enough to determine next direction of Bitcoin or any other traceable asset, it should be confirmed by multiple indicators. In addition to golden cross of S&P500, similar golden cross also occurred on Bitcoin chart on Feb 7th, 2023 when 50SMA crossed 200SMA. This provides further evidence of potential uptrend in Bitcoin. Several well-known analysts predict that if Bitcoin can surpass 30,000 price level level and stays above it for few weeks, it could trigger significantly in Bitcoin. however, it is important to remember that technical analysis is one part of the larger picture, fundamental factors can also impact price of Bitcoin.

https://cryptonews.com/news/bitcoin-golden-cross-confirmed-what-next-for-btc-price.htm
1531  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 19, 2023, 04:55:51 AM
I believe financial independence refers to the ability of a person to be self sufficient.  So my answer will be yes.  

Yes, you are correct. Financial independence typically refers to a state in which an individual has enough financial  resources to sustain his life-style without depending on external sources of financial assistance or being employed. Investing in a certain project can be a good idea to generate wealth and achieve financial freedom. It is great to hear that your acquaintance achieve financial independence by investing in crypto currencies, I am sure he carefully evaluated the risks associated with crypto currencies investment, and managed them effectively.
1532  Local / Other languages/locations / Re: Pakistan on: February 19, 2023, 01:31:49 AM
National Electric Power Regulatory Authority (Nepra) na eik acha decision dea hy solar use krna valya logon ky haq ma (yaqeen to nhi a rha). Aj kal electricity 30 Rupee per

G brother, Nepra k es decision ko appreciate kerna chaye. Rs.9/ unit bht hee unfair hota ku k es waqt soalr system ki cost rupee depriciate hony ki waja se bht br chucki ha. Mein ne 5 KW ka system 2 saal pehle lagaya tha net metering k sath us waqt eski cost 7 lakh thi. abi mein mazeed 5 KW add ker reha houn or solar panels ki installation shoro bi ho chuki ha. ab wohi 5KW ka system takreebun 12 lakh k kareeb pry ga.
Wasy meri opinion yehi ha k solar system bht beneficial ha or agr ap afford ker sakty han toh zarur lagvana chaye, es se apka electric bill bht kum ho jata ha.
1533  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 18, 2023, 07:03:56 PM
I think you need to be a bit more specific with what you mean exactly by "can one achieve financial independence through crypto currency"?  Are you asking if you can get rich by owning bitcoin/cryptocurrency, or are you asking if bitcoin and other cryptocurrency coins can "take over" traditional forms of payments and systems such as fiat money and banks.  I'm just a bit confused exactly what you mean by that question.

Thanks for your comments. By "financial independence through crypto currency" , I was referring to the possibility of individuals achieving long-term financial freedom & security by investing in crypto currencies, such as Bitcoin, Ethereum and other alt coins. This could include  accumulating good amount of wealth by price appreciation or earning passive income through staking or yield farming.
1534  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 18, 2023, 04:45:57 PM
It is very difficult to predict future with accuracy but it is becoming increasing likely that petrol/diesel cars sales will be phased out in many parts of the world. United Kingdom has already set target to ban sales of new petrol/diesel cars from 2030, and Canada wants to follow suit by 2035.It is also important to note that many major car manufacturers are making heavy investments in Electric Vehicles (EV) which suggests that they are preparing for future with no or little demand for petrol/diesel cars.The cost of running electric cars is also becoming lower compared to petrol/diesel cars, though its purchase price is higher, but with the technological advancement, it is likely to come down in future.

Taking all these factors into consideration, it is reasonable to expect that goal of phasing out petrol/diesel cars will be achieved by 2035.
1535  Economy / Economics / Re: does bitcoin help in your economy? on: February 18, 2023, 01:22:58 PM
there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

I have been investing in Bitcoin and other crypto industry since 2017, and it helped me a lot to improve financial condition of my family. It is a growing industry, by investing in this technology, we are contributing to its development, which in turn has potential to create new job opportunities for younger generation.

I believe that, investing in crypto currencies is not beneficial for improving personnel finances but also has wider economic benefits.
1536  Economy / Trading Discussion / Re: Trading and Front running!!!! on: February 18, 2023, 08:35:19 AM
On several instances traders have made good profit out of trades in much shorter time period. Most of the time this happens through insider information sharing. Several incidents have taken place and very few have got proven that trades were through insider information. Recently a trader have profited $100k+ in profit in less than an hour.


Inside trading is an offence and it should be taken seriously. It can give certain individual an unfair advantage but ultimately it damages the reputation of exchange and erodes the trust of the financial system. It can also damage the reputation of traded token or asset. This is why most the financial regulators, including SEC have very strict rules against it and take tough stance on enforcement.

Ultimately, maintaining the integrity of the financial markets is crucial for the long term health and stability of the economy. By taking a tough stance against inside trading, we can ensure that market is fair and transparent for all participants.
1537  Local / Other languages/locations / Re: Pakistan on: February 18, 2023, 03:47:21 AM
Assalam o alikum all brothers,
Bitcoin Next target to hit 30k kia dobara apny highest point ko touch krny ja rha jo kh boht chances han 2023 k end tk or jasy kh ap image m dakh skty baki market pr depned krta han kasy behave krti han
 

Brother, Bht sary well known analysts ka bi yehi analysis ha k Bitcoin ho sakta ha 30K tak oper jai ga or phir vehan se dump ho ga or 12-13K tak neechy jai ga or yehi eski bottom ho gi. Aanalysts yehi samjhty han k abi Bitcoin bottom out nhi hoa ha ku k jub Bitcoin bottom outa ha toh phir us me ek bri parabolic candle bunti ha. Yeh sub speculations han dekhty han aany walo dino mein market kasy behave kerti ha. DYOR
=======================================================================================================

https://opensea.io/ ne limited time k liye NFT trading pe zero fee announce ki ha yehan pe kuch transaction ker leni chaye or sakta ha future mein opensea ka apna token launch ho toh hum ek k liye eligible ho jain.

https://twitter.com/CryptoTeluguO/status/1626779280591192064?t=YLJStWgVjFGTNkroDOIUIQ&s=19
1538  Economy / Economics / Re: How Does Debt Crisis Boost Cryptocurrencies? on: February 17, 2023, 02:04:31 PM
No business gives guaranteed income, your speculation, management and expertise will pay off. If you are careless about the time you invest and divest in BTC, you will lose.

As for your claim on centralisation, it's not an obstacle in the real world my dear, it has existed before decentralized means and many have enmassed wealth to themselves via it without a problem. Even Bitcoin will not survive without fiats, or do you spend Bitcoin daily? Let's be realistic.

You made a valid point that no investment, including Bitcoin, can guarantee income, and that success depends on individual's investment strategy, skill to manage risks and timing. Regarding centralized, it is true that it has existed for a long time and individuals and entities amassed wealth through them. However there are downsides to centralization, such as concentration of wealth which can lead to inequality and systematic risks.

The decentralization nature of Bitcoin is its key feature, as it allows greater transparency, security and resilience compared to centralized systems. Despite  Bitcoin's reliance on fiat currencies for some aspects of its echo system, such as exchange and trading platforms but still it can be used for daily transactions.
1539  Economy / Trading Discussion / Re: Why I will never trust top exchanges on: February 17, 2023, 09:59:20 AM

As the currency BUSD reports the BUSD-minted tokens on the other chains are shady from the reserves point of view. BUSD on the BSC is transparent but the BUSD on other chains seems over-printed as compared to the total reserves this is the reason SEC imposed a grip on the BUSD minting.
Long story short be careful with the centralized exchanges.
It is correct that using centralized exchanges comes with certain risks, such as manipulation of price and uncertain reserves in the exchange wallets.It is important for individuals to exercise caution and thoroughly research any exchange before using it. In my opinion the best practice is to hold digital assets in personnel wallet and only use reputable exchange when you need to buy/sell any assets.

Regarding BUSD, the collapse of UST (a stable coin that was pegged with US Dollar) serves us a reminder that no stable coin is completely  secure. However, in case of BUSD which is backed by financial stability of Binance and regularly audited, but still it is important for us to exercise caution when using stable coins & stay informed  about any news related to their stability and security.
1540  Other / Archival / Re: Historical Data on Bitcoin Bullish/Bearish Cycles on: February 17, 2023, 02:43:30 AM

I beleive it's best for us to have a look at the big picture:

Next cycle, we'll could see increases of 2.0-2.5x, which would be around 125k to 150k.
And it would be a 5x - 7x from where we are now.  Wink

Finally, we should also consider: last ATH (2021) we didn't have any halving but now, in 2024, we'll have one, resulting in a possibly more bullish environment.

You are absolutely right that historical trends and upcoming halving event suggest that Bitcoin could potentially reach 125K in the next bull run, however it is also important to note that the price of Bitcoin is also impacted by macro-economic factors and market conditions, as we have seen strong correlation between stocks and Bitcoin markets during the recent years.

It is certainly possible for Bitcoin to hit 125K or even more in the next bull cycle, if fear of recession subsides, and there is fall in inflation, a pause in interest rate increase, and an increase in GDP, these factors could potentially support an upward trend in Bitcoin.
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