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1421  Economy / Economics / Re: Global Migration of Millionaires. Can Bitcoin change this scenario? on: August 03, 2020, 01:43:50 PM
Bitcoin is a good idea, but a lot of them might worry about the volatility of Bitcoin, and you know for sure that nobody is ready to move all their money from the bank into Bitcoin. To be sincere, as much as we all want that freedom, we are forgetting that we can’t do the work of a bank. You can’t manage all your money at once in your possession. Imagine that Jeff Bezos the world’s richest man decides to pull all his money keep it in a safe in his house, do you think it will be safe? No it wouldn’t.

There is a kind of protection that banks gives, so you can only store a small amount of your money in Bitcoin. So the best thing these people can do is still to migrate to places that we favor them.
1422  Economy / Economics / Re: Brace yourselfs , the economic earthquake is coming ... on: August 03, 2020, 12:45:03 PM
Buddy, the economy almost everywhere has been the same Sad, everything is showing red and they are depreciating, only few has been able to continue with an uptrend. Despite the situation we have been seeing this year, there are still people who are making lots of money and benefit from the situation.

This is not a time to keep relying on just one thing, it’s good diversify and look for other means to make income by learning new skills and also investing in Bitcoin or any of the top cryptocurrencies like Ethereum. Bitcoin has been increasing this month and it’s still showing signs of further growth. I’m lucky to have known Bitcoin for a long time and I’m happy I have been investing for long now.
1423  Economy / Economics / Re: Can decentralization lead the next phase of the economy? on: August 02, 2020, 08:09:14 PM
The total market cap of the whole crypto market is nothing when compared to that of stock market or gold.
It seems that people have started investing in gold after seeing the recession faced by the stock market. Therefore, the rate of gold is skyrocketing at this moment.

If traditional and institutional investors decide to pour money into the crypto market seeing that it is on the rise even during an ongoing global pandemic, it would give a boost to the market like something that has never happened in the history of the whole crypto market. I think that crypto market is indeed capable of growing into a multi trillion-dollar market seeing the future potential.
1424  Economy / Speculation / Re: Bitcoin Hits USD 12K, Crashes By USD 800 In Minutes!! on: August 02, 2020, 07:14:03 PM
There will always be corrections when you go high enough, you can't just start going up and never go down and just become a billion dollars, obviously there will be some small crashes in the end since we are talking about bitcoin here and it is a volatile thing. Correction actually happens in forex and stock markets as well, when something goes up too fast usually there is a fall for that where people take out their profit, you would expect people to take out their profit because they have been expecting that for a long time and since they got it they will take it.

Obviously thats not the doom of bitcoin, corrections doesn't need to result with a continuous fall neither, price could stay at around 11k and move above 13-14k as well, or it could go back down to $9k, just because there was a small crash it doesn't mean either would happen.
1425  Economy / Speculation / Re: Are we in a ranging market? on: August 02, 2020, 06:00:17 PM
Honestly this was basically play by play by OP, it actually did break above $11.3k it did reached above $12k and it did had a correction, Jesus Christ how right can one person be? That's it, from now on I am following this dude and what he says, I may not first act upon it but I will check what he says and if he keeps getting it right constantly like he did here, I may have to just put money on what this guy says and act upon it afterwards as well.

I can't believe someone could know something like this from the dollar amount to dollar amount so easily, if the dude said about where it will fall as well that would be basically the dream as well. In any case, TA is not guaranteed thing so do not fall for it right away, but as you can see it could become right time to time as well.
1426  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi - Which coins have the best fundamentals and still have huge potential? on: August 02, 2020, 04:48:58 PM
I think Wave is definitely better than it is suggested by its market cap, not saying it is the "best" in any sense, I wouldn't say it deserves a top 10 place neither, but a top 20 place does seem like totally worth it with all the craze it has and all the hype it has for its place.

Obviously not that many whales are interested in it for some reason which keeps it low, and the ownership doesn't do what other ownerships does and just try to be popular and market it in a way that they could gain thousands of new users by just posing with famous celebs or something however they are doing their job properly. ADA was one of the other ones I really liked but honestly they got that attention eventually and now they are quite good themselves so I can't say if they deserve any more on top of this.
1427  Economy / Trading Discussion / Re: Difference Stock Trading and BTC trading on: August 02, 2020, 03:37:00 PM
Liquidity is not really all that troubling because considering in the stock world we are talking about a lot of stocks, there are some like bitcoin and there are some that is more volatile than bitcoin and there are more stable ones than bitcoin. Of course you are not going to see a lot of stocks that goes down 20% and up 50% in a month, but bitcoin can do it however that doesn't mean those stocks do not exists.

You have to think bitcoin like an individual stock and not the whole stock market, if you do that there is absolutely nothing that resembles it, but if you take it like an individual stock, you can find ones that are resembling each other and that is what matters when you are trying to compare it to something, if you don't do that you can't compare it to anything.
Do not forget the legality as well. Most of the time when you are doing stock trading you are in way more harsher legality zone as well, when you are in crypto you could make it a bit more hush hush and stay anon as much as you can, not saying you will be successful but you can at least try that, when you are in stock world you are basically in governments and banks lap and they will take as much from you as possible.

You can't really get into stock world with 100 bucks and assume that you could make a decent profit, at least %5 of that will be gone between fee's anyway so you need to make more, and stock market is not as volatile so its going to be quite the challenge as well. I don't know the advantages of it but surely there must be some since people are doing it in trillions of dollars.
1428  Economy / Trading Discussion / Re: Those reliable exchanges on the market on: August 01, 2020, 07:14:52 PM
Honestly when they hack you for 7000 bitcoins and you continue like nothing happened and never show that issue to customers themselves, you get A+ in my book without a doubt. These guys got hacked like crazy, it wasn't a small amount neither, 7k bitcoin worths 81 million dollars right now, 81 million dollars is bigger amount than 90% of peoples incomes yearly, probably more as well, so they have lost so much money that they could have just said "we are sorry, we can't handle this loss, we are closing" and just exit scam.

Not only they didn't do that, they didn't charged the customers one cent from that, they just paid it from their own pockets from the money they made on the trading fee's and they continued their business like nothing happened at all. How could you not trust that.
1429  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto predictions on: August 01, 2020, 05:42:31 PM
Even if you go on google and search for “crypto predictions and charts”, you will receive tons of information. Different people or different sites have different predictions so its difficult to rely on any one source. There are sites such as walletinvestor.com and tradingview.com which you can refer for some trading insights and predictions but I wouldn’t recommend you to place any reliance on such information.

Do your own research by studying the pattern of the market and all the previous movements and design a technical chart accordingly before investing or carrying out short term trades. Crypto predictions are happening almost at every part of this forum bit its credibility is still a question. You must need to be responsible to yourself to take care of your funds rather than blindly believing into anyone's speculation. This way you can make profits along with calculated risk; it means even if your one or two trades result in negative you can recover the losses with another trades.
1430  Alternate cryptocurrencies / Altcoin Discussion / Re: Hackers are now using Dogecoin to infiltrate computers on: August 01, 2020, 03:21:14 PM
Well, dogecoin is not as privacy oriented as monero however it is still quite funny enough and would be very hard to follow.
First of all there isn't as much infrastructure as the other ones but at the same time we are talking about hundreds of thousands of the same coin, it is harder to mix as well. I don't know if it is smarter to use doge or monero, I feel like monero would be a lot better if you ask me.

However they are hackers, I am sure if they know how to hack people they must also know more about doge enough to actually hide their income and that is why I feel like even if monero is better, they could still make it work with dogecoin as well, would be harder but these are the guys who hack others so I am sure the hard stuff is not really hard for them but looks hard for us.
1431  Alternate cryptocurrencies / Altcoin Discussion / Re: Chinese Firms Collaborate With Chinese Central Bank to Launch Digital Yuan on: July 31, 2020, 09:17:07 PM
China has always been one step ahead be it the infrastructure, technology, production market or anything. It was the nation where most of the bitcoin mining took place at one time (even today it stands strong). China has termed bitcoin and other cryptos as “virtual goods” which in any case should not be used as currency and has no legal status.

Hence, it has launched its own digital currency of the central bank in accordance with the people’s bank of china (PBoc). China being a tech giant will soon take a major step towards complete digitalization before any other country does.
1432  Alternate cryptocurrencies / Altcoin Discussion / Re: I hope this helps new crypto investors, do not hesitate to read on: July 31, 2020, 07:03:07 PM
It pretty much covers all the points that must be noted by a newbie investor. Although, I wouldn’t recommend investing in an ICO or IEO either, to the person who has just entered the market without the basic knowledge or anything. Because, only with experience a crypto adopter will be able to identify the real potential coins and tokens and without experiences, people will easily get deceived with fancy promotions.

Moreover, I would like to add few more points to the list that are:
1. Read, research, carry out background check and get familiar with the working of the project and its past movements in the market before you decide to invest your capital in it.

2. Never follow the hype created in the market about something and pour your money by placing any kind of reliance upon it.

3. Always listen to experts of this community. Not just one or two high rank people but you just follow bunch of people before finalizing an investment decision.
1433  Economy / Economics / Re: Economic situation declining and famous celebs not paying workers on: July 31, 2020, 04:44:59 PM
If there is no business then no matter how big the company is, will refuse to pay you because its business and they will be stupid from money point of view.And why people are still working if there is no pay for longer time just stop doing any works in all of a sudden then only the management will hear your voices.
You are very insensitive I can tell you that. You are saying that the workers should not be working if they are not being paid, right but how do you expect the workers to find a new job especially in current times? You must pay the workers if you have not given them notice prior and actually there are some legal documentation I believe regarding this which states that you must inform the workers in 2 months or some given period in advance before you remove them from their jobs.

What hurts more is that when we as common man cannot think of positively for the workers then how can we expect big celebs who are always mean and self centered to be caring towards the workers. People who have never seen tough times don't understand the pain of others  Undecided and that is the reason why we have so many mean people around us.
1434  Other / Off-topic / Re: Quality War ( Europe vs China and India ) on: July 31, 2020, 03:37:43 PM
China products are cheaper but quality? No, most of their product made like disposable once damage then you need to buy again. Besides, because it is cheaper the material being used compromised. China has the worst product here in our place but the most in demand because other products are expensive compared to them. Indian products i bet not too strong like japan and us products especially when it comes to equipment.
It is true that Chinese products are less durable and their lifespan is much shorter as compared to standard products but sometimes you don't need durable products for example there are dustbin bags which you don't want to have of superior quality since you are going to just use them once and then dispose it.

I agree that Indian products are firstly not used worldwide and they are neither too cheap nor they are premium quality so Indian products fail to capture big market share as neither they attract the poor sector not they have the quality to satisfy the high end customers.

European products are superior no matter what someone says that is the bitter truth for them. But if you compare them price wise then sometimes Chinese products despite having inferior quality wins the race.
1435  Economy / Economics / Re: Government+cryptocurrencies on: July 31, 2020, 03:05:10 PM
If government will accept cryptocurrency and give freedom to the people to use it ,i think  many people will buy and invest in bitcoi. Also it be a temporarry solution in our current siruation now.
But, government are worried that legalizing bitcoins might also bring an increased number of hacks and scams in the market as right now hackers struggle to find a payment method that is untraceable and easily to accept from their victims. Bitcoins being decentralized are just too easy to use for hackers and once legalize they will be more easily available to everyone and hackers can just grow easily.

I do believe than if bitcoins payments are adopted it will help in the current situation but the government have made their own apps and there are payment processors like paypal which gives the government full control over their citizens because of the centralized paypal system and also makes it easy to pay virtually since payments in cash is becoming an issue now a days.
1436  Economy / Economics / Re: How to save money and beat up inflation rate? Options please! on: July 31, 2020, 02:34:46 PM
You are right that investing in bitcoin will save money and reduce the rate of inflation however the demand for Bitcoin is higher than gold even if the gold market does not increase the rate of inflation bitcoin investment will increase very easily and the country's economy will grow very fast. Because Bitcoin is pumping now bitcoin's price is rising from now on in that case, the dynamics of the gold market will decrease.
Actually the rate of growth for gold is way lower than the inflation rate and you cannot over the inflation rate with investing in gold and that is the reason investors are looking for more options and hence bitcoins are so popular now. Any commodity that gives higher returns as compared to the inflation rate which can be easily predicted by comparing the inflation rate for the past 3 or 5 years, so any commodity that gives higher returns is a value investment.

Although I am on the side of bitcoins for investment but if you have a little knowledge you can actually trade or even do day-trading and play with the price and make some solid profits so basically you don't just earn by investment but also earn extra as a trader.
1437  Economy / Trading Discussion / Re: Which is more profitable, trading with Forex or trading with Crypto Currencies? on: July 30, 2020, 06:03:05 PM
Nothing beats forex and comparing them to the volume of each field crypto currency trading would only be a dust and cant stand any chance to forex but still its good to trade on both but i think forex which is more complicated compared to cryptocurrencies.
If we are talking about the trading volume, of course forex market has a much higher trading volume than the cryptocurrency market. But this does not mean that the profit potential of forex is greater than the crypto market. Forex is not a volatile market and offers steady profits unlike cryptos. Although, if we talk about trading volume, forex has an average daily trading volume of 5.1 trillion dollars with is a lot when compared to crypto market.

A trader can trade on any platform considering where his expertise lies. If you are a good trader, you could make significant profits from any market be it the cryptocurrencies, forex or stock market. If we are talking about the profit percentages, it’s obvious that cryptocurrencies offer much more profit than any other market in the short term.

It’s the most volatile market out there which means that the profits can be tremendous if you make your moves right but, the losses can also be significant if things go wrong. Every market has its own advantages and disadvantages. So, if you are looking to make high profits by taking risk, opt for crypto market and if not, opt for forex trading as it offers consistent profit at lower risk.
1438  Economy / Trading Discussion / Re: How do you make `Trading` profitable? on: July 30, 2020, 05:01:16 PM
First of all you have to realize that you should not make this kind of thing upset you, you have to learn that if you are making profit, any profit, it doesn't matter if you miss out on bigger profits. Secondly, you need to learn how to separate your profits and your capital and not make them into one big thing so that you wouldn't lose big if you are ever wrong.

When you combine these two things, put yourself a goal to make like 5% each time you trade (or change that to whatever) and stuck with that all the time, you will basically be profiting all the time without a stop anytime you see a profit to be made. Maybe you "could" make more, but that is irrelevant, as long as you are profiting that is all that matters and that is all you should be focusing on for your trading career.
1439  Economy / Trading Discussion / Re: The importance of support resistance on: July 30, 2020, 04:18:34 PM
It is very safe to trade with support resistance but when we learn to trade we forget it after learning it or we are not interested in using it. But the use of support and resistance is very important in trading. Many of us run after strategy and forget or ignore the use of support resistance. The market always respects support and resistance or breaks out and moves in an up or downtrend.
I urge new trades to learn to draw support resistance with great care and observe the market to see the results for yourself.
For people who are new to these terms, support is the price level of a coin or an asset where there are many buy orders (high demand) due to which downtrend can pause or slow down. And resistance is a price level of a coin or an asset where there are many sell orders (people trying to sell interest during high prices) due to which uptrend can pause or slow down.

These are some important terms when you are studying charts and about technical analysis. Although not much reliance can be place upon such levels as they might even be fake support or resistance walls created by whales etc.
1440  Other / Off-topic / Re: Quality War ( Europe vs China and India ) on: July 29, 2020, 05:01:29 PM
My Fellow Europeans

Indians and Chinese are telling me that they make better products and offer better services then us ... Grin

What do you say to them ?

“Strike first. Strike hard. No mercy.” Smiley


https://www.youtube.com/watch?v=IkOUfrnSNSs
Hmmm... Roll Eyes When it comes the country that makes better products, I will probably give it to Japan, I believe they make strong and durable products. I am not from any of these countries, but I have used products that came from them and based on what I have seen, there is no doubt Japan is definitely the best thing. The thing with European products is that they are usually costly, well... They are usually worth the extra bucks. As for Chinese and Indian products (I rarely see products made in India, it’s mostly made in China), they are always cheap but they do not last for a long time.

I heard that recently India is trying to take the place of China in terms of supplying basic and raw materials and equipment but not sure India will be capable of that. China is leading in that industry due to their population and big land area and dictatorship government whereas India is having only big population which makes them unable to compete against county like China.
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