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1  Economy / Economics / Re: Cryptocurrency users statistics on: June 03, 2019, 06:06:04 PM
Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/
It has been close to 6 months since this statistics were given so I am not sure if they are still valid and if anything changed.

But, if we are going to go with this I am still not shocked about the trading fee one. Yeah the listing fee is a lot and they are making a million each anytime they list a coin but they are not listing that much coins to begin with, even if they list like 50 coins a year that is 50 million dollars at most and I doubt they do that nowadays since there are no new good coins left to list.

Trading fee however is constant and they are getting it all the time which means they are really getting a ton of money every single day. Look at binance and how much money they make every single day, who would need listing fee, hell even if there was no listing fee binance would still be making a ton of money.
2  Economy / Economics / Re: Looking at Bitcoin's price increase via YEARLY LOWS on: June 03, 2019, 04:48:18 PM
This year will be a bit different than the last year. Normally, the lows are a lot higher than the previous year because the highs and lows happens during the middle of the year, this year the peak was at 2017 December and then it all went down from that hitting as low as 3.2k on November/December levels and then hit 3.4k but than the new year started.

So, because of the bad timing the 2018 low will be 3.2k as far as I know and the 2019 low will be 3.4k but since we are going up now the 2020 low will be a lot higher probably as long as it doesn't fall once again. That is why even the yearly lows are not showing how much bitcoin usually goes up every single year if you take the yearly price average and see how much it was most of the time during that year then we can talk about how much it goes up every year.
3  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: OkEx Supporting USDk could be Timely on: June 03, 2019, 10:09:31 AM
It is not just tether that we hate, its the centralized stablecoins most of the time. Fortunately USDk is not like that but I am still not warm with the idea of a stable coin.

A coin should not be stable at all, if there is a decentralized stablecoin then it means there is a limited supply and there will be a limited price on it since its stable and over the years since the inflation affects the economy there will be need for more and more of that coin hence there will be a need to change the total supply, if added more that means centralized, if not added more it means not gonna be enough. Hence, in the long run all stablecoins are destined to die according to my idea however maybe I will be wrong on this one, maybe they will prove me wrong and do a great job, lets hope so because we really do need a decent one.
4  Economy / Exchanges / Re: Binance to open Singapore fiat-to-crypto exchange in April on: June 03, 2019, 08:29:21 AM
Is there a limit for one nation? Like I know what binance started out in Singapore is not like binance we know but it allows for binance to make sure fiat to crypto is possible and that is great news because its a big name and can be used everywhere.

Now, USA may not need something similar since they already have coinbase but looking at all other countries in the world even though there are some local fiat to crypto websites, none of them have a big name like binance. This is why I think binance should be looking into starting places all around the world, Singapore could be the first example, they can then look for a second nation with a lot of interest and not a big name on their market, maybe even Ukraine since they are very crypto loving but don't have a famous global exchange, then they can do it nation by nation for a while until they have tens of countries in their list.
5  Economy / Trading Discussion / Re: Anticipating a spike on: June 01, 2019, 12:17:25 PM
Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?
Yeah, if we are going to sell at a leveraged position it would be a lot better if we just use 9.5k or so as a target.

If you are going to put sell orders for ready then there is no need for the 16 thousand one, if we go all the way there you will probably hear about it beforehand, its not going to happen overnight, you will be online and aware and it would take weeks before it happens. That is why I think at around 12k is enough anything above that should be waited, for the sole purpose if it goes to 16k and more we should wait and see maybe it will go even higher, if it doesn't then you can have a sell order after we pass 16, like sell it when we drop to 16 type but until we reach that I believe you should keep it on your wallet.

We are doing so great right now, putting on sell orders doesn't really help us get there.
6  Economy / Trading Discussion / Re: Is the day trading profitable ? on: June 01, 2019, 09:27:52 AM
Well, if you are good at what you are doing then everything is profitable. If you are good at day trading you can profit from day trading, if you are good at long term investors then you can profit from long term investment. All you need to profit is to be good at it. How you become good at it ?

Well, you research on how to be a good day trader, you follow good day traders that profits, you pay for subscriptions and books and follow them religiously. After all of that you will still not be great at it, maybe decent but not good yet, because you need to trade and practice what you have learnt to become good, do that and in the end you will be good. Experience beats wisdom every single time, you can theoretically know everything about day trading but without trading yourself you will not profit.
7  Economy / Economics / Re: The production of money... is SCAM! on: June 01, 2019, 08:23:32 AM
Inflation does have a good intentions so printing or "production" of money can be seen alright as long as our politicians do everything according to how it should be. The sad part is in almost all countries on earth the politicians are corrupt, they are not liked by anyone and doesn't matter who runs the country, everyone at every stage gets a trouble.

Normally, inflation should be a thing then the government should print money to cover the difference, then that money should be spent for governmental stuff like helping out farmers, education, health and so forth and make people spend less on those things, which means a regular citizen even without getting one dollar help directly will spend less on food because of help farmers got, will spend less for education and will not spend money on hospitals even if got sick, which means that person got a lot of help even if not directly. Yet our politicians give that money to rich and tell them to help the poor which never happens.
8  Economy / Economics / Re: Cryptonites - A ONCE IN A LIFETIME OPPORTUNITY for Women, em. markets and Africa on: June 01, 2019, 07:30:01 AM
There is a whole reason why there is some sort of emphasis on hiring men and why the markets in third world countries are not getting the funding in big countries and why Africa is interested in crypto but not getting the attention it deserves and they all make sense.

First of all the software development classes in colleges graduate more men than women, women do not pick those fields as much as men but as soon as they do they get a job because people do not discriminate against women it is just statistics that most applicants are men.

On top of that the first world countries have excess amount of money compared to third world countries so as expected emerging markets do not have the funds to give to crypto anyway, and Africa is about the same situation, they can be interested in bitcoin but that doesn't mean they have any money to make it big, you can have one huge exchange for ALL African countries and still be used less than coinbase.
9  Economy / Gambling discussion / Re: Top 63 c-gambling projects list | April'19 survey on: May 31, 2019, 04:57:38 PM
This is somehow showing us that there are still big casinos that we do not hear about that much. I mean most of us know the top ones like freebitcoin and freedogecoin and what not but stake and windice and all that looks lower than places like parimatch.com which I have never heard before, maybe that is because they serve for fiat currency as well which makes them bigger but they probably have bitcoin option as well which is why it is now looking like its above many of the casinos we know.

In my mind places like bustabit, stake, windice, freebitcoin all should be on the top while all these fiats should be taken away. If a casino has fiat option then its not a crypto casino, even if it has crypto option in it that means its just a fiat casino but with crypto option. I would say do the list again but with places that have no fiat option at all.
10  Economy / Gambling discussion / Re: The "how to" of building a gambling site on: May 31, 2019, 04:00:44 PM
The most important thing is always the marketing.

I became friends with one of the biggest casino operators of crypt at one time (they are not longer famous but they were probably the most wagered at one point) and we talked about business all the time, he liked talking to me because I always said what could be improved and he cared for such things. He built the whole website for 50 thousand dollars, now that is not a small amount but that is not that big neither, after all who doesn't spend either 50 thousand dollars on building a casino or at least 50 thousand dollars worth of effort. He said that was the simplest thing because he was capable of affording good developers and give them salary and so forth which made his website good, however even with a good website the marketing was the biggest challenge.

Dude had to spend 10 thousand dollars per week just on bitcointalk with ads and signature campaigns to get more famous not talking about all other places and ads, so it took him about half a million dollars spent until he was making more money than he was spending.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: What caused this round of callbacks? on: May 31, 2019, 06:39:31 AM
Suddenly, the market has risen again today. What do you think, what caused this callback? In addition to the mainstream BTC, ETH, what other currencies do you hold?
I think the support lines showed that even if the whales or anyone else wants to drop the bitcoin it will take considerable amount of more money than it would require to get it higher. Now think you are a financial wizard who makes money in any case and have a lot of money and considered a whale, which one would you prefer, spend more money and profit a lot less to drop bitcoin or spend a lot less money but make a lot more money by helping it go up?

Obviously, all people realized bitcoin can be dropped only to a certain point and can't be dropped any further and after that trial and error they went with the bulls and they bought a lot of coins from the support line and some even sold at the resistance line to take their profits. It will continue to go up as long as it worth a lot more to whales.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook shitty coin. Facebook selling information of their customers on: May 30, 2019, 05:50:23 PM
I don't understand people thinking facebook is small. Dudes are running a website that has over a billion people on it even if you do not use it anymore, an app that people chat everyday, literally almost all mobile phone users use whatsapp (except places like china where it is banned) and a website where millions of people share their pictures and write comments all day. So they are one of the strongest technological companies in the world that is literally gaining power like its nothing over people and doing the "big brother is watching you" part of their work for the governments and whoever else pays them.

So, thinking that globalcoin is not a big deal is really naive, it is a huge deal, its good that crypto currencies are getting famous but globalcoin will be used for many bad stuff because facebook has done many bad stuff with the power they have and now they will have another big power over people. This will be horrible.
13  Economy / Scam Accusations / Re: YOBIT exchange scamming peoples in EGOLD ICO and steal a lot of investors BTC's on: May 30, 2019, 04:44:36 PM
The weird part is nobody really defended yobit at this one. I didn't know yobit that very well and never used them so I had no knowledge of how they run their business, they could have been great or bad and I wouldn't know.

As soon as I got into this topic I saw how everyone hated Yobit already and realized it is a mistake to even deposit any money into that exchange which goes to show if you are going to invest into an IEO you can't just research the project but also should look at the exchange as well, that is why the IEO's over at binance are so successful since they are literally on binance, that is why egold was a failure because it was on yobit.

Do your own research when it comes to these new coins and depositing your money into anything at all.
14  Economy / Trading Discussion / Re: A shocking truth! on: May 30, 2019, 08:07:18 AM
Even though I haven't experienced many parabolic sessions of the crypto market, my little observations I made in the immediate past one is that, we're all likely to miss the boat of the next run again. Especially if you're not holding much coins already. I'm saying so because the bull run/market comes like a snake attack- subtle, tactical, unexpected and quiet and by the time we realize, we're already at the top again.

I quite remember telling a few friends to buy BNB when it was around $20 buh they were saying it's high buh now look, it's even higher.
That's why I try to dilute my investments into parts. I do have a lot of bnb not because I purchased it but I had affiliates and whenever they traded something useless I just turned their dust into bnb and now I do have a fair amount of bnb. I usually work and earn bitcoin instead of buying so I have plenty of bitcoin at any given time until I spend them, I don't usually spend all of it and leave a bit aside which I like to play with.

I don't care how much a coin is because I do not invest for today or tomorrow, I want to retire early and not need to work ever again in my life, that is why I invest for like 10+ year investment and that means the current price is irrelevant, if I like the coin I buy it and store it and leave it at that. I even have coins that bottomed so hard that I am not sure if they will be capable of going back up any time soon but in 10 years they will probably either cease to exist or will be great.
15  Economy / Trading Discussion / Re: [HELP] I need help and advice on: May 29, 2019, 05:32:14 PM
I think you are looking to succeed at something no one has ever succeed before in the entire worlds history.
Nobody in the entire world managed to make 10% a day in any way or shape for too many days in a row, they have managed to do it maybe couple times in a row, but nobody did it for too many days in a row.

Even the richest man in the world at one point Warren Buffet who made his fortunes by investing and managed to get worth as much as over 60 billion dollars (don't know how much now) didn't made that type of return, he was making about 20% a year return on average for 50 years in a row.

It means if you want to make money and become rich, no amount is too little but if you want to become one of the richest man alive all you have to do is keep doing it years after years instead of trying to do it quickly in couple months, instead of 10% a day, do 20% a year for 50 years and your children will be richer than anyone in the world.
16  Economy / Trading Discussion / Re: Can I start scalping with a 500$? on: May 29, 2019, 04:44:06 PM
Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
I have started this out with 17 bucks to begin with, I know it wasn't ideal and it was different times but now I had received and spent over 30 bitcoins in my life time. Most of them were from working and not trading but I had the chance to make a lot via trading and a lot of airdrops plus good ICO investments and all that as well.

The point I am trying to make is that you can have zero and still start somewhere, put in your own effort if your money is not enough, if your money is 500 bucks then find something that you think will go up a lot and invest into that, divide your money and put it on multiple stuff you believe in and one will go up. If you divide 500 bucks into 5 projects and only one of them makes you x10 return while others go bankrupt you still have 1000 dollars instead of 500 even with just 1 out of 5 successful projects.
17  Economy / Economics / Re: Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally on: May 29, 2019, 07:38:23 AM
Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.
China is not getting worse like people think it does, the only problem they are having right now is mutual problem with other countries and mostly USA and they know that since its a mutual problem it will be solved much more quickly.

If USA is having a trade war with China it does affect the Chinese manufacturers badly and unfortunately to all world it will affect the price of products badly for everyone involved but that means American companies are not going to find cheap workers and cheap manufacturing neither and it won't help them neither.

Bitcoin does play a role in this for financial part of the deal to be done and people could use it as a loophole to deal with the money sending and receiving via the bitcoin or crypto world which would make Chinese yuan and dollar to lose value but its a temporary situation so its not a great thing for the long term, only good for short term.
18  Economy / Economics / Re: Surveillance Capitalism, Facebook coin, KYC, crypto on: May 29, 2019, 06:24:23 AM
I am not entirely sure if cryptocurrency specially when centralized like the global coin facebook is building is healthy for the crypto world in innovation sense. However calling it a trouble that not only our information will be out there but also our monatery spending will be turning into data facebook could sell is a realistic questioning. Facebook never forced you to give them your data, neither whatsapp nor instagram.

You post stuff on facebook yourself, you like groups and what not on facebook yourself, whatsapp barely has any information about you unless you share some stories there, and instagram is just a place you post pictures yourself and follow people you like yourself. Which means all this time YOU gave facebook information about you, YOU can select to spend that globalcoin or not.
19  Economy / Economics / Re: The Fed Never Calls The Bubble A Bubble... Why Not? on: May 29, 2019, 03:22:39 AM
Bubble is acceptable in terms of something going way higher in value than it suppose to be, currency could never have that bubble issue because that is called inflation not bubble. For example when Venezuela printed money they had a big trouble and now their currency is a lot worthless then it used to be (not like it used to be worth a lot neither) but that is called inflation and bad inflation could cripple a countries economy for years to come.

Bubble is some product or a stock or something that gets valued way more than what it is IN currency calculations, for example something that costs 10 bucks now valued at 100 tomorrow and 1000 next day is bubble because it probably doesn't worth that but valued at that, 1 dollar will always be 1 dollar, even if purchasing power drops it will still be 1 dollar and that is why it is inflation and not bubble.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Facts about this "industry" on: May 28, 2019, 05:44:14 PM
I guess the realization that crypto could have been the savior that we all rely on with this horrible economic system that was put in place way before we were born and didn't have say in it but failed to do any of that caused bitcoin to not become a global adopted spending currency.

I am not saying banks did it but banks did profit from it amazingly, we created bitcoin because we wanted crypto currencies to beat the system banks put in place but instead of beating it it became a part of it and now we are yelling the rules are not fair and banks have advantage.

Well, if you think bitcoin could have made you rich and if enough people believe that then yeah banks will use that a lot more and everyone will try to take advantage over you like exchanges and scams and what not. If you use it the way it was intended like a currency instead of like an investment then all of the problems listed would go away in a day.
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