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September 19, 2020, 12:43:27 AM *
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1  Economy / Trading Discussion / Re: Too much HODLing stealing opportunities? on: September 08, 2020, 07:07:34 PM
I guess if you think you can pick up on those opportunities obviously it is making you miss chances, you could buy and sell on every top and bottom and make 100x more than holding, but the people who hold like me do not hold because they do not want to take advantage of those situations, they do hodl because they believe they will not be able to capitalize on the highs and lows and instead of making more money, they will end up losing money.

I have seen too many people even during this very recent fall that bought bitcoin and sold it when it went down with fear, those people are the ones we are trying to avoid being. By holding, you are not in a trouble, you do not have to lose money as long as you keep holding until you profit and get out, even if it falls, you just wait around until it goes back up.
2  Economy / Trading Discussion / Re: Miners' EXIT movements on: September 08, 2020, 05:36:07 PM
Hopefully it will be quick onetime thing and not a long term idea for them. I mean surely they could make a lot more profit if they just keep it and not sell the excess they have. Miners do have a cost when they mine, I understand that and I accept that but that really doesn't mean that they have to sell all the bitcoin they mine, they could only sell the bitcoins they need to sell to cover the cost and that would be enough, whatever is left over after the cost they could keep.

If they do not do that and if they keep on trying to sell every single one, there is really not much that we could do, it would really hurt bitcoin price and there is really a big fall coming back to back, it is going to hurt the crypto economy. Hopefully they will stop and not do that.
3  Economy / Trading Discussion / Re: Is the crypto market saturated? on: September 08, 2020, 03:16:40 PM
I guess over saturation is not really all that bad, as long as people know what they are dealing with.
People forget that you do not need to invest or buy every single new coin, it could be very insignificant in your life.

Definitely when there is a hype you hear about it, I have never invested a single cent into any defi project for example but I have heard about it so much, because its everywhere, but that's about it, just because you hear about them doesn't mean it should have an effect on you.

You could just ignore all the new stuff and keep focusing on the good old fashioned stuff and can make money from it. That way you would be still investing like there is just 50 coins in the market and not more, which would mean that you would continue your life like nothing new ever happens, I do that all the time.
4  Economy / Speculation / Re: Bitcoin reached 10k USD, where Ethereum come at 352 USD on: September 07, 2020, 05:36:57 PM
I really expected a bitcoin fall however I really didn't see the ethereum fall at all. It is right now around 330 dollars already, down another 10%ish from the OP posted, so it is really not doing great at all.

I definitely saw it going under 400, that made sense, even 370ish levels were logical, but to go towards 330 dollars is a very dangerous thing. That is really scary low and at the risk of going under 300 dollars, not something we would want, there are levels in crypto prices and when it goes under that level we are talking about going there for a long time, one example would be bitcoin going under 10k means there is a chance it can't go above 10k that quickly usually, and when eth goes under 300, that is a level it can't go back up very quickly neither.
5  Economy / Speculation / Re: Bitcoin prediction by 2021 on: September 07, 2020, 03:57:41 PM
I am not sure if it can reach 50k, that is a big number to reach but I am certain that in 2021 it will go up a lot. For example the number in my mind was breaking the ATH and be around 20k and max at 25k, those are very healthy and realistic numbers and I feel like that could happen. Obviously it is not something I can guarantee, maybe it won't happen, maybe it will spend the whole of 2021 under 10k, who knows?

But, my gut feeling tells me that everything that is needed for bitcoin to be over 20k and closer to 25k and even maybe 30k is actually there. 50K however is a bit more than what I imagine it could be, not saying it will be there but all I am saying is it is way too much to make it work, we would need ton of money coming in to take it there but not only that we would need a ton of money to keep it there as well.
6  Economy / Speculation / Re: empire market exit scam = caused the price to drop yesterday? on: September 06, 2020, 05:50:28 PM
Few million dollars can't make this type of fall believe me, just a 1% movement on bitcoin is a 90 million dollar difference, we are a huuuuuge market right now and that is why we need something more than one person can provide, no matter how rich they are.

Even Warren Buffet would have to throw in all the kitchen sink at us to make that type of change. If you think market moves a lot, you are right it does but that doesn't mean because of one person or one company, you need thousands upon thousands of bitcoin sold to make this happen, few million dollars is nothing. Selling 300-400 million dollars would change it all by yourself. Which means there were a lot of traders who wanted to get out as well, sure maybe this dude may have sold some at the same time too but it is never one person job.
7  Economy / Economics / Re: US economy will continue to recover - Powell on: September 06, 2020, 02:13:51 PM
The thing about printing money is that it makes your money a lot less valuable, when it doesn't worth as much as it used to you have to pay more for stuff and when you pay more for stuff you end up having more debt for it and when you have more debt there is a crisis and when there is a crisis you print more money. You see how it goes around in circles?

This is exactly why I believe it should be noted that governments should not print money, no matter what the situation is, flushing down the economy time to time would teach people a lesson, some will be super poor, but people are poor already, but in return we will get hundreds of billions of dollars (even trillions) not going towards companies, those companies will bankrupt and this will give a lot bigger lesson to be careful to companies than people.
8  Economy / Economics / Re: On eve of bankruptcy U.S. firms shower execs with bonuses on: September 06, 2020, 01:17:17 PM
Thatís just how it is, the rich ones are getting more and more, they are not ready to give space for those who are underpaid, thatís just it. I wish that things would be done in a way that is a lot better than the way itís being done now. Instead of these giving bonuses to the big guys, they should look for better ways to use those funds and help the company to grow.

This also happened in 2008 when execs are literally receiving bonuses like it's Christmas day even though their firms are going under. It's an insult to the working class seeing how someone gets a pat on the back and a "good job" with money bonuses while the rest of the company are still figuring out what to do while employees are also being laid off on the side. Meanwhile, small firms are getting closed here and there and being acquired by the same companies asking for bailout bonds and it's just vicious to see right before our very eyes.
Honestly itís totally wrong that employees are being laid off and the execs are being given bonuses, itís very bad what they are doing. Although I donít know what can be done in cases like this, it has to take someone who is in a high position to address issues like this.
9  Economy / Economics / Re: PornHub now accepts Bitcoin and Litecoin (News coincides with BTC decline?) on: September 06, 2020, 10:27:09 AM
Seriously, I didnít get why some people were happy about this earlier this week, they were just posting about it and it was annoying for me because this is not what I need for Bitcoin, I expect something better, this Pornhub shouldnít even be a news at all because it doesnít make any sense, there are better things to consider.

Imagine right now that the whole world is making most of their purchases from online businesses, imagine those online businesses are the ones that are accepting Bitcoin for a payment? Thatís the kind of news I prefer to see, and not pornhub. When they were spreading this news of porn and Bitcoin I wasnít happy with it, because I knew itís only going to create negative reactions from the public.
10  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance in trouble over listing scam defi token on: September 06, 2020, 09:54:54 AM
I do not think that many of them are scam, of course as everything in life there could be some scam but I believe majority is not scam. However I believe almost all of them will fail, there would be only a rare few of them that will make a profit and that is why I believe there is really not that much money to be made from them.

Just focus on the ones that will make you money right now and get out when you can because in the future it will not make you any money at all, in the future (like 1 year from now) the hype from the defi word will die down and it will not be as big of a deal as it is today, everyone will move on with the new thing and that is why I believe prices will go down as well. That is why I believe everyone should be careful about the future of defi as a whole.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Defi Effect - What makes DeFi not reliable? on: September 06, 2020, 09:23:01 AM
Thatís just it, when there is a trend there will always be people who are always trying to take advantage of that. When the DeFi started trending and everyone was hyping it here and there, I know that very soon they will start doing things like this.

There are always some pump and dump groups that are always on the lookout for new projects and once they find one they think is good, they will quickly pump and once everything kicks off they will sell dump the bag on those that got in last. So, if youíre having plans to get into DeFi projects itís best you give it a second thought, and for newbies, itís always best to stick with old projects. Your choice though.
12  Economy / Trading Discussion / Re: What the heck is happening to bitcoin! on: September 05, 2020, 06:48:19 PM
I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

Moreover, there was a lot of money coming into bitcoin and then going to other stuff like DeFi or whatever and when that hype died down we have went down in the money coming in and we have increased the money coming out as well. In short if you do not make people money they are not going to be supporting you long term.
13  Economy / Trading Discussion / Re: Will Dex's Dominate the Cex's in near future? on: September 05, 2020, 05:51:37 PM
I guess DEX is missing something, just don't know what. I mean surely there is something that someone else sees but I just do not see it. There is some more attention to it nowadays, it wasn't as big as this when the topic started so I can say that there are some new attention going that way, but it is really not that big of a deal, it is not really getting even remotely around the CEX levels.

There must be this feeling of "if someone owns it, I know who I gotta talk to when things go south" type of feeling that allows people to actually be a bit more ready and gives them comfort, otherwise I really don't know what I could even consider right now that could be the big missing thing but that is the thing that came to my mind. I am really not sure what is the main reason but CEX is just much better.
14  Economy / Trading Discussion / Re: What advice will you give to a beginner trader? on: September 05, 2020, 04:57:15 PM
Small entry points never really makes you rich, know that before you do anything so that you do not expect the worlds from crypto trading, without that knowledge you will do stupider things one time after another. If you get in with something under 1000 dollars, you are not going to make a huge amount that would be even considered a living wage, if you get in anything under 100k you are not going to have anything life changing.

Crypto trading could make you 50% per month but that is not sustainable, you can't do that every single month, but having like 5% per month is not really unrealistic, which means in a 500 dollar capital, you will have to be patient to reach levels that could actually be considered big. If you want to turn your 500 to 2000 in a month, you are going to get upset.
15  Economy / Speculation / Re: Bitcoin price analysis; What levels are we waiting for? on: September 05, 2020, 03:55:43 PM
Support and resistance levels are not as strong as you think they could be. We have proven that over and over again and somehow people are still thinking they mean something. Remember March 15 of this year? We literally dropped from $9k levels to $3.6k in an hour, just one hour and it was all gone, there was no support level between $9k and $3.6k that could have stopped it and we are relying our trading based on those things? Or when bitcoin moved from $3k to $20k in 2017 peak times, you think there was no resistance? There was ton of resistance but it did it anyway.

So, as you can imagine, support and resistance levels are important for day trading and small quick trades but when it comes to grand scheme of things, they are as useless as useless can get. Which is why I do not base my long term investment on them.
16  Economy / Speculation / Re: Why Bitcoin price are decreasing? on: September 05, 2020, 02:48:19 PM
I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.
There is really no reason required aside from "people sold more bitcoin than there was buyers", that is enough reasoning for every single time bitcoin drops. People are looking for something between the lines, some news, some major changes, some hidden thing, not for right now but so that they could be ready for the next time but unfortunately that is not a real thing, bitcoin just drops when it drops and you can't really make sense of it all.

I personally prefer to keep myself uneducated for the reasons why it drops or goes up because that way I know that I should be ready for the unexpected, which is not an easy thing to do but to feel bitcoin could go down or up any time for any reason prepares you for everything, it allows you to actually be ready.
17  Economy / Speculation / Re: Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High on: September 05, 2020, 12:12:05 PM
I am very excited about the situation with ETH, it has been a favorite of mine for years and it is great to see it coming back. I have told people even back when it dropped to 100 dollars that it shouldn't be around that level and people should invest to it heavily because there is no way ethereum could be that low and it was criminally undervalued, I am so happy that I actually saw that and bought as much eth as I can find.

However it is sad what is going on with bitcoin obviously, I still have my btc and I hate it when it drops. This is not a big drop, it is definitely a drop we can afford, but I would rather not have it drop like this anyway even if it is just small. This could be just accumulation phase and I am sure it will recover and go higher very soon.
18  Economy / Speculation / Re: Top 5 reasons I see $100k in next 2 years on: September 04, 2020, 09:20:30 AM
I believe that in the end we are talking about a situation where bitcoin is going 10x and whenever we talk about a situation like that we have to realize that it is not easy, it will take time and it is definitely a big task. Obviously this is bitcoin and technically speaking it could be 1 cent tomorrow or 1 million, this is just technically speaking as you might imagine because we all know both of them will not happen tomorrow, but this is just to prove that suddenly you can't buy a house for 1 dollar and that house you bought for 100k will not become 100 billion neither of those will ever happen and honestly it could never happen even technically speaking. Yet with all this in mind, bitcoin doesn't look like it is going to 100k, we need to set a bit more realistic goal.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: It is not easy to make money in cryptocurrency on: September 04, 2020, 05:48:27 AM
If people keep believing whatever they are told easily , they will fall into the trap of scammers. I have been deceived once by those fake people and I wonít be falling for it twice. I can remember when I was still new to cryptocurrency and all these airdrops and the rest of them were still new to me, and all of them that I applied for was not even a single one that was a success.

There was one that did send me their token but after sometime I checked my Trust wallet and it was showing that the token was worth nothing, maybe they moved it or something. I wasted my whole time on them. But that doesnít mean that there are no legit project.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: I need your advice on: September 04, 2020, 04:49:47 AM
Been seeing great men in here, some legendary and some hero members, some with high ranks. I love to aim high. I'm just making my way into the world of Cryptocurrency and I need the advice of each of you all. So my way into it can be very okay. Thanks in advance.
USDT is different from the other cryptocurrencies you have on that list, itís a stable coin while the other ones are volatile coins. I donít know how many of the coins you intend to buy, but the first one I will recommend is that Bitcoin, itís a good choice to start with. Then you can as well start with Ethereum if you plan to diversify your portfolio. Litecoin is another good cryptocurrencyto add to it.

All the tokens that you recommend can be said to be very suitable for investment purposes. Because in my opinion, everything includes coins that are already very popular among Crypto investors.

Yes thatís true, all the cryptocurrencies are already very popular. Anyone he chooses to invest in will still be good, but I will still say he should go with bitcoin, because thatís more of a better choice and will help him understand how the cryptocurrency market works better. And itís more acceptable than the rest on the list.
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