Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?
Those patterns won't let you accurately determine when to sell your coins and when to hold. The market is very volatile and unpredictable. If people could predict accurately using the patterns/charts, everyone would be making profit. The best way is to set a profit goal. Once you reach the goal sell your coins.
Do you regret not selling your coins at any point because you didn't know it will drop ?
Can you share your opinion
There is nothing to regret. As long as you are holding coins that are on the top or coins that are legit, you won't make any loss if you keep holding. You should only regret when you hold shitcoins and not sell them on time. |
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I don't think bitcoin can help develop "agriculture", but what you can do is maybe allow people to pay you in crypto currencies? It will be easier for you to accept bitcoin and keep track of all transaction that takes place. Or you can invest a portion of your profit into bitcoins. Hold them long term. Make profit from the price appreciation and use that profit to improve your farm and repeat the process.
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what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India
If they wanted to destroy the future of crypto in your country, then they would have already banned it instead of taxing it. They are now just trying to reap in as much profit as they can. At least you can still use crypto currencies legally now. There is no way you can avoid the tax legally unless you wish not to declare your crypto assets and earning. If you are a law abiding and tax paying citizen, then you must pay the tax because eventually you will have to since you will be selling it for fiat currency. |
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People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).
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General opinion is that a side job is one that supports the main income of an individual, often times perceived as something that brings little money to add to what you make from your day job. If Mr X earns better from a side job when compared to the income from his career option, does the side job still qualify to be called a side job?
Sides hustles are something that you do besides your main job when you have some extra time lying around. You might earn more doing side hustles but you can't consider this as your main job since side gigs are something that is temporary. You cannot be certain that you will be earning the same the next day. On other hand, your main job will pay you regularly and you can rely on it for paying your bills and rents. But when your side gig becomes somewhat established and stable, you can turn that into your primary job and focus more on it. |
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You have been trading for three years and you are still asking this question? I am sure you know what the price of bitcoin was three years ago and what it is now and you already know if it is a good investment or not. Best? Maybe. If you are willing to take the risk and you are aware of the volatility, then yeah, it is going to be the best investment for you. If you are planning to hold long term and not sell anytime soon, then yes, bitcoin is actually a very good investment. Zoom out the chart and you will know if it is good for long term or not. It is not the best investment if you are thinking that you will get rich overnight by investing in bitcoin.
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I'm from the states and have been using a betting website to do some light sports betting. They do not allow US citizens and so I used a VPN to gain access. They only require an email address to create an account, and no KYC unless you want to buy crypto directly from them. I will not name the site for various reasons.
Anyways, sometimes I try to login to the site before setting my VPN and it simply tells me I'm in a restricted area. Never had any issues though, I just flip on the VPN and all good. I've been using this site for about 2 months now. Today I logged in and and it was requesting I input my phone number to proceed. It said I can withdraw funds but services were restricted until I enter my phone number. So I created a fake number from Hong Kong, and entered it in. It sent me a code and I entered it. Little did I know Hong Kong is also banned from this site (I know I know, I was just in a hurry to place a bet). Now my account is locked and they will not allow me access to even withdraw until I go through full KYC.
I have about $1,200 of BTC in there, nothing crazy. If I KYC myself they will simply say I broke their TOS and lock me out forever (I did the research on this already). KYC consists of ID, recent bills, and photo of yourself holding ID. The only piece of information this site has on me is an email address.
I have friends who have friends in other countries. Some of those friends of friends live in impoverished countries. What's stopping me from using them to KYC my account and then giving them a piece of the stuck funds? I would only need to gain access to retrieve the funds and would not continue to use the account or website.
Is this a good idea and do you think it will work? Worth the $1,200? My only hesitation at this point is asking the friend and they go through the hassle but then it goes sideways and still do not gain access to my account.
Did they make you agree to their terms of service? Then yeah, you broke their terms and they now have the rights to confiscate your funds but most casino usually don't do that. If they see they are from a restricted country, they let them withdraw and then closes their account. $1,200 isn't a small amount. Try to recover your funds. Like you said, tell one of your friends to verify the account on your behalf and give him part of your coins as a reward for helping you. But if account trading is also against their terms of service and they somehow know that you did that, they probably will never return your funds. |
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There were lots. Just dig the forum and use google, you will find some. The primedice bug exploit was one of the notorious one. -snip-
Before I finish with the starting 0.1 the site blocks my account with close to 0.03 on it. and I never recover that money. I was just getting information to report the bug, ut for them I abuse the system and they never give me my money back.
I hope this information helps you in your development.
Most of the "bugs" you mentioned weren't actually bugs. Bug is something that will gives an unexpected result. Claiming faucet with multiple account and tipping it to another account isn't a bug. It's more like a feature abuse that you took advantage of. And yeah, they will obviously ban your account and won't listen to you. Why would they believe you? Imagine someone exploiting a bug on purpose and when he gets caught, they say "i was just testing to make sure its actually a bug", would you believe him? |
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The play-to-earn model on its own is unsustainable. By its very nature, it creates an unsustainable pyramid scheme-like system where new players buy in only to create and sell digital goods to those who buy in after them. Above and beyond that, it creates a culture of virtual indentured servitude where individuals are dragged forward by the threat of a lost investment to play a video game at the cost of their own mental and physical health.
All the games build upon this same structure and there is nothing new other than skin color and weapon design. High entry fees in the game and high challenge for new users is demotivating new users to join the system. Only early adopters are earning massively because of those unique teams they got. Unique users registration is decreasing day by day which shows the hype is going down with flame. Never tried any of those play to earn games, but all I know is that this is something new and still on their early stage. Right now only small independent developers are making the games. They may all be similar, but eventually some better and good games might be developed in the future by some AAA industries. And the play to earn mechanism will never work. As more people starts to play, the less people will be earning. Only early birds that are lucky will be able to make some good fortune. Rest will have to spend money and try their luck. |
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Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
If you consider the whole ecosystem, you will see that Ethereum is way much better than Binance Smart Chain. But it is the gas fee that is killing Ethereum. We should wait until ethereum consensus layer (previously known as eth 2.0) upgrade fully rolls out which might help reduce the gas fees. Binance Smart Chain on other hand is said to be more like a centralized chain mainly under the control of Binance. Compared to this Ethereum is more decentralized. If you are looking for holding coins, then Ethereum would be better than BSC. But if you are thinking of making regular transactions, avoid Ethereum. |
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Bitcoin is fully decentralized which is why I think it doesn't have to compete with Fiat at all, those who needs the decentralized idea should just keep using BTC as it is, we all know that CBDC will run on the blockchain too but in centralised form so where thus this leave Bitcoin?
It doesn't have to compete with fiat. And I don't think we need bitcoin to replace fiat currency. They can both be used along side without any issue. Central bank digital currencies will run on blockchain too, but yeah, you are right. It will be centralized just like fiat currency. There is no difference with the fiat and the blockchain version of the coin. Both are under the control of the government and the government can do anything they want with the currency. Add more to the supply if they want. But bitcoin is decentralized, and is completely different from those CBDC. People still will be using bitcoin like they are now. |
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Not another "doge" or "finance" coin. Any coin that has the name Inu, finance or doge is another shitcoin with no actual use case. Coins like this will highly likely (with almost 100% probability) die after in few days. Those burn mechanism is just another bait and a way to lure users to think that the supply will keep on reducing and the price will increase. This is not how it works. And look at how many scam/shit coins have the same "burn" "nft" "dex" and other common things, yet they all are shitcoins since no one uses them.
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Inflation is a big problem! It destroyed few countries in the past and will destroy more in the future. When inflation goes out of control, the price of the goods sky rockets. The general living cost increases, but the purchasing power of the people stays the same or goes down. Hence people can't afford anything while their currency becomes worthless. Is it impossible to stop inflation in fiat currency or govt don't want to take any action it stop it?
It is possible to stop inflation and reverse it. It is called deflation. And the government does try to take different monetary and fiscal policies to stop it. |
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So the central bank couldn't ban bitcoin and other crypto currencies? Like I said before, if Putin says yes, it is a yes. If Putin says no, it is a no. I am sure the president knew the benefits of crypto currencies and I am more sure that he and his entourage are going to take advantage of this for their own good based on the way they are going to regulate it. If the president had not made his own research, the Central Bank of Russia might have succeeded. After the good news from Vladimir Putin, Russia wants to make bitcoin a currency.
Are you saying the Central bank did no research prior to proposing a ban on bitcoin but the president did? You think the president does his own research and isn't advised by someone else? By the way, Bitcoin "is" a currency. At least they aren't banning bitcoin like few countries did. It's better to start from somewhere. |
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This country is still confused about crypto currency. Didn't they try to ban crypto currency again and again? And now they impose a very strict and insane framework that will only cause people to not use or stay away from crypto currencies. The tax rate was set to reap as much as the can from their people. And since income tax from crypto is also the same, people wouldn't want to accept crypto currencies as a form of payment. How are they going to be taxed if they want to use it as currency? Every time they transact, they will be incurring tax?
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I was with one of my old friends yesterday and he was addicted to football gambling to the extent that he is finding it very difficult to sleep and do normal activities. He has won some of betting he has played on but correctly want to give it some time off. He is asking for general advice if drugs can help.
What drugs are you talking about? When you are addicted to something, you don't take drugs to get rid of the addiction. Even if he does manage to get rid of gambling addiction, he would end up getting addicted to the drug he has been taking. When you are addicted to gambling, you need to talk to people that will help you. You tell him to find a counsellor that will help him with his gambling disorder. Tell him to do it now before its too late and he does further harm to him. |
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If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
It is their platform and they have the right to ask the project team for their identity verification. If the project doesn't want to verify themselves, then they can go somewhere else and get listed. But just verification won't stop scammers. As far as I know the squid game token was listed on Coinmarketcap. Didn't they verify the team before listing them? They still scammed their investor. Use your brains and stop feeding those scammers. They will eventually get tired and stop. But as long as people fall for those scams (some do on purpose with the hope of getting rich real quick), they will keep scamming people. |
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The is to bring to our notice an update from the official Twitter page of Changpeng Zao (Binance CEO) the warning signal against the new scams and phishing technique used through sending of text messages to users stating that a withdrawal is about to occur on their account and in other to avoid or cancel such, they should click on the link provided, once a user click on such, it extract the users credentials using a malware and steal away the user fund (coins/token). This is to inform users of Binance platform and any other related platform users to be careful on the sites they visit, links they click and never claim any process not initiated by them as such in this case, we are encouraged to be security conscious not to allow any form of deceitful scam maneuver to hunt us, such claims to be the well known and popular exchanges, firms or Organizations in other to lure users, if you can remember the precautionary measures given with the use of fiat banks not to disclose any of your account login credentials to anyone including their staffs, else you go to a bank and make complaints. Same is applicable here with the use of digital currency, if you didn't initiate a change off password, or make any transaction then totally ignore any message claiming it occur. More reason why you should be very careful when using a centralized exchange. How do the scammers know that this user uses Binance? Data leak? Anyway, these kind of scams are almost everywhere. It would be stupid for someone to click a link on a random SMS they received from Binance. If they are a Binance user, they should know that Binance or any exchange never sends any text message on their phone to confirm or cancel withdrawal. |
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I don't think a "book" would be good surprising gift for someone to learn about bitcoin. Instead of making them read about crypto currencies from a book which might be biased and filled with wrong information, it's better to provide them different valid sources where they can do their own research and learn about crypto currencies. And since crypto currencies are rapidly developing, the books might have all outdated information which would just confuse the reader.
Just reading books won't help them. Send them some coins. Let them use it while learning about it.
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why you will be left behind if you don’t learn NFT.
Most people can’t tell the difference between NFT and JPEG.
-snip-
True most people can't tell the difference between NFT and JPEG, but what most people don't understand is why would someone want to buy some "digital art" when they can literally "copy and paste" the same exact image without making any change. If you compare those two image, you won't be able to see any difference at all. Talk about those real physical art pieces. When you compare them, you will know which one is original and which one is fake. But in case of digital art, no one will know. Hence, people don't understand the craze behind NFTs. |
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