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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Which NFTs are worth the investment? on: May 19, 2021, 04:54:35 PM
Physical art is valuable, but I can't say the same about digital art. Anyone can easily download the image hosted on a centralized server, without the need to purchase the NFT itself. People are spending millions of dollars into digital art, when it's publicly available on the Internet for free. It's a crazy world we're living these days.

If it were me, I'd invest my money into NFTs with intrinsic value that will rise in demand over time. In-game items is where the money's at. You can buy virtual real estate, accessories for your avatar, or even weapons using a crypto of your choice. Such NFTs will be truly unique, giving them greater value over the long term. The number of games supporting NFTs are still limited these days, but things could change if the trend becomes more popular in the mainstream world. Imagine renowned gaming companies like Activision, Nintendo, Sega, EA, and even Ubisoft joining the NFT craze. It would boost crypto/Blockchain tech's mainstream adoption by a long shot.

Nonetheless, time will tell us whenever the idea of NFTs will survive or fade away into oblivion. I hope this doesn't turn out like the ICO boom of 2017, where it all went down the drain after fierce regulations from mainstream governments. We need as much legitimate projects as possible to keep NFTs alive for the foreseeable future. Who knows how far the industry will go? Just my thoughts Grin
I think digital art can be valuable as well, the problem is not about having value or not, it is about being 100x more valuable than most of the physical ones. The entry point on NFT is higher than the entry point of regular paintings. Right now I can go outside and get a great painting worth 100 bucks that would look amazing on my house, it is not famous person, it is nothing that would get interest, it is just very good looking. However someone sells some gifs on eth for 0.5 eth.

I mean do you see the logic there? Sure physical art is still a lot more valuable when you go to top end, there are some paintings you cannot even imagine to value, some of them just do not have price tags, whereas even the most expensive NFT was 69 million dollars which is a lot, but not unheard of. So what we have is NFT at the bottom worths more than painting at the bottom plus painting at the top worths more than nft at the top.
2  Other / Off-topic / Re: How do you feel about Bitcoin today? on: March 02, 2021, 08:45:02 AM
Of course there are so many people who wants the price of Bitcoin to reach at least $100,000 before it goes for a correction. Lots of people really wants that happen, and there are even some people who have joined the market very late and they are looking forward to seeing that the price reached that $100,000 price. Then as for those who wants the correction to start taking place right now, I think some of them are those that rushed to sell their coins at the slightest increase and now they donít seem to find any other opportunity that they can use to buy back into the market, because the price has kept going up.

Itís just like when the price got to $20,000 this year there were so many people who were selling because they thought thatís the right point to sell the coins because they never believed that we will get this far.
3  Economy / Speculation / Re: BITCOIN CORRECTION: PERFECT BUY TIME on: March 01, 2021, 07:12:23 PM
It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.
Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.
Well, how can we know if it is downtrend? I mean obviously we do not know if it is going to go up neither but we do not know if it will go down too, so basically there is really nothing we could do by that logic, if we do not know what is going to happen and if we do not know what is going to happen then how could we invest into anything? Because, if we do not know if it will go down or go up then how could we invest to only things we only know about? Nobody knows what is going to happen but invest anyway, that is the case and this is one of those cases.

I invest because I believe it will go up, and I do not care if it goes down neither because I want to invest more and more right now as well, I do not care about this bull neither, I do not care about the next one or the one after that, I want to be here for 10+ years and if I can do that, it means I could actually end up profiting a lot, so the drops today doesn't scare me.
4  Economy / Trading Discussion / Re: Never catch a falling knive on: March 01, 2021, 05:39:40 PM
If you are not familiar with this term, just look at the bitcoin price as now.  There it goes!
Sometimes you donít know when a knife is falling lol Grin the knife might not really be falling; there are times the market will drop a bit and people will think thatís it, but in a short time it will start going up.

I can remember what happened around $40,000 price, most of us believed that thatís the limit when it got there and started falling to $30,000 and dropped that low, and within a short while it moved again back up and passed through the $40,000 rate to $50,000. So, I guess this is a magic knife lol. But anyway, youíre right, itís usually best to invest at a time when the market is cool, because a during a bull market you canít tell when it will fall.
5  Economy / Trading Discussion / Re: The Nigerian crypto community to smile soon on: March 01, 2021, 05:01:03 PM
Lol I also read the news and even their Vice President said that he disagrees with the Central Bank of Nigeria on banning cryptocurrency, and he called for a regulation of cryptocurrency rather than banning it. Although a lot of people I know there are already switching to P2P and the ban hasnít stopped any of them from trading and buying Bitcoin or any cryptocurrency, they all kept it going like nothing happened.

When you ask them they always say that it is not their loss, itís the government that is losing lol, since the government did that they have caused many exchanges there, including Binance to move out, and that possibly means increase in unemployment and also the government will be losing taxes they could have been getting from all these businesses.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk twitted - Doge on the actual MOON! on: March 01, 2021, 04:18:59 PM
Back in the day, when it started, it had some reaction. Like if Elon posted something about Doge, it used to get pumped but these days, itís not anymore happening. People don't count him anymore. He has been posting on Doge every now and then these days.
You are right and that is also because people have understood that as much as Musk is promoting the coin, he isn't actually buying that many himself. I don't want Musk to do so, but if was actually so so considerate about dogecoins then he should have invested 1B or something close to that as he invested into Bitcoins.

People are emotional and easily influenced by big personalities like Musk and that was the only reason why dogecoin even reached the value it is holding currently. Seriously why he is doing that, if he can actually reveal the motive behind it, might make more people invest into dogecoins. But just shilling for a coin all day without letting others know the real motive and inspiration, isn't going to create any further hype.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN RIPPLE SURVIVE? on: March 01, 2021, 03:02:48 PM
OP has a wrong thought about the ripple and the XRPcoins. Ripple is the name of the founder of XRP while XRP is a digital currency that they found. Even though this is a regulated altcoin, there is a chance that this coin will have potential upon investing, but I am not sure if this is good for long-term investment, still, the risk was there. However, I have a strong feeling that XRP will survive even there is SEC trying to stop them because even Ripple founder has nothing to do with the supply and demand if they will not manipulate this, that is why there is manipulation.
Well, you are both right and also wrong as well, you are right because XRP could still live even after SEC because at the same we are in a situation where XRP definitely became separate from every other thing as well and we can't just say that Ripple is tied to XRP  1 to 1 anymore, it is not going to be that kind of situation where Ripple goes down and XRP goes down as well, it is of course correlated do not understand me wrong but I really think they are not 100% connected at all.

What we can do however is that drop a lot, like drop to under 10 cents as well if SEC says that Ripple will be closed or not allowed to work and all that which would be the problem. I personally feel like XRP will be under 10 cents but it will not die, those are different things, but there is a situation where we could get in after that news was decided and we could end up profiting AFTER the decision makes it drop.
8  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time on: February 28, 2021, 06:09:17 PM
I am optimistic that in the future the volatility in the price of a Bitcoin will be even lower, this is because more and more companies are investing large amounts for long-term investment. Make the Bitcoin price a little more stable, especially with the current price of Bitcoin, the price is very high.
As much I want BTC to be accepted in more and more places which ultimately is gained by a more stable price, I actually cherish the fact that BTC market has high volatility which separates it from the stock market and other trading markets and a low volatility BTC market will lose its identity, I am afraid.

Actually I think it is to early to say that volatiity is falling. Compared to few years ago yes, but let's wait new bear market that is obviously coming, and let's see current volatility. I'm sure it's going to stay pretty high.
I don't think BTC is losing its volatility because we had the price of bitcoin 5x within an year and that doesn't show stability at all. I know its a positive thing but in the context of stability, we can't say that's achieved or even happening anytime soon. And I love it Grin.
9  Economy / Economics / Re: Earning interest on your crypto on: February 28, 2021, 08:51:42 AM
It seems BlockFi is the front runner. They seem to have partnerships with the major US crypto exchanges, e.g. Gemini and Coinbase (I am in the USA). I am also googling and trying to educate myself.

But, I have serious concerns about learning my crypto to 3rd parties. What happens if the institution that I loan to, for example BlockFi, goes brankrupt? I assume I will lose my crypto. Would it be safer to loan to an exchange and I don't run that risk?
Yes, there are lots of wallets that are doing that these days, almost all the wallets I am using are doing it and itís not every cryptocurrency can make you the same interest, it varies for each cryptocurrencies and the most of them I have seen are giving around 4% interest for Bitcoin.

Blockchain wallet does that and for Bitcoin they are giving 4.4%, and the highest they give is when you hold stablecoins like Tether and USD Digital, those stablecoins are 12% annually. But the reason they are giving more for stablecoins is because of their stability, BTC, ETH and other non-stable coins canít fetch you that much from them, since they already knows that these ones are volatile and can increase or decrease drastically.
10  Economy / Economics / Re: Rich have too much on: February 28, 2021, 05:54:37 AM
I believe that almost all of us could be classified as rich people, but due to our inexperience, greed or mistrust, some of us have lost this opportunity. In the cryptocurrency market over the past few years, there have been a huge number of opportunities to profitably invest in Bitcoin or Ethereum and become a really very rich person today. Based on this, I believe that a rich person, in most cases, became rich because they are able to make the right decisions and know how to make money.
Inexperience and greed are actually good because no experienced investor would have ever invested in Bitcoins in the early years like 2010 but the inexperienced ones did so and greed is helpful because it makes you want more and more and with Bitcoins actually that's the best thing to have. I still remember when I first came into the Bitcoin world, it was relatively cheap and I wish I had that greed to just buy and hold.

On the other hand I think this does encourage the poor to relax and be even more lazier, because not every poor person is in that situation because they are unfortunate instead a lot of people are poor because they never respected the opportunities presented to them and never wanted to work hard.
Good point and each of us are living independently which means we all had the same chances as others and if someone took the better advantage of the situation and opportunity, we cannot blame them for that.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bull run is over? on: February 28, 2021, 05:17:08 AM
the bull run for altcoins are officially ended i guess because they are falling hard but for btc the bull run is still there but btc has painted red and this red color of btc can remain for a long period of time because it failed to sustain its 50k recovery last time .
we are now back again on our speculating business if how long will btc remain this way and if there is a chance that altcoins can recover first because i never see that happen and maybe its time now for altcoin to help btc even for once
It can't be "officially ended" just because crypto market dropped for just two days, we are still doing fine all things considered. Reality is that aside from the last 48 hours we have went up so much that anyone that made any money has already made that money and that's it, we are doing super fine except for just 2 days. So, long story short this doesn't mean that it will go down or doesn't mean it will go up neither we are not going to end up with seeing something beforehand so we will only end up living it instead. For it to officially end we need to lose what we have gained and we haven't been even close to that just yet.

I personally believe we are going to have a 50% increase very soon, probably the first week of march that will be the situation for sure without a doubt. I just think that we need to be a bit more calm right now a bit more.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: how to detect and discover rise and explosion alt coins ? on: February 27, 2021, 08:32:59 PM
Like many people have mentioned, if we had a method to know when a coin goes up, we would all do that and we would all be rich and all of us would be riding our lambo to our mansion. Does that sound reasonable?

I mean that is what you are asking, we are talking about "a method to know when something will at least 2x profit me" don't you think if we knew that we could put our money in and basically just double and double and double it many times in a row and become billionaires, we could do that if we knew how to. That is why I think it is quite obvious that we are not going to find any type of situation at all where anyone knows which coin will go up before it goes up.

However what you can do is try to research coins that have a good potential in the future, you may make 10x for just once in 3 years or something like that (numbers can change) but at least it would be profitable even if not sustainable.
13  Economy / Trading Discussion / Re: Newbie traders - Learn from my mistakes on: February 27, 2021, 06:53:31 PM
I believe that not all people are suitable for trading. You have to have a certain set of skills in order to trade successfully. First and foremost, this is patience and strong psychology, and also a fixed plan of what you will do if the market changes one way or another
Those are the very basics - Not panicking and not getting overjoyed!

But I think with time I have felt like even in crypto trading there is a need for tools and learning features like Stop-loss which can help you avoid emotion losses. Sometimes stop-loss might feel bad because the coin you sold at the stop-loss limit might pump later but overall as I read all these threads, it feels like stop-loss is way more worth and useful.

I think what turns an average trader into a professional trader is experience and capital management. I have seen some very discipline day traders who know their limit and that came with time and now they are trading with $100-200 difference and make easy profits, not very big but stable and sustained profits. There are times when they have to wait for weeks but there is enough patience and discipline which they have learned with time.

I am trying to learn leverage trading now days, I know about it already but just polishing my skills so I can also take benefit of the bullish market.
14  Economy / Trading Discussion / Re: Don't stay on with a wrong trade on: February 27, 2021, 06:12:19 PM
Lack of knowledge and also not wanting to learn makes so many people who want to become traders have to lose money. it takes time to be able to trade optimally. this is not an easy job because here we are risking money.
Everyone wants to learn, there would be hardly a single guy who is trading for years but denies to learn. Yes some are slow learners while others are fast learners but everyone wants to and ultimately learns when trading for years.

I have done what you wrote, I always apply stop loss and it becomes a profit barometer in my trading. so it can help to reduce losses and can also help to start a healthy trading start. very useful stop loss site
Stop loss can help you minimize loss, but it might also snatch away any chances of recovery and there is always a debate whether we should hold a coin and wait for the price to recover or we should sell it without being too greedy, I always think if there is even a slight glimmer of hope, then just wait and sell your coins for the best possible price.
15  Other / Beginners & Help / Re: best cryptocurrency course on: February 27, 2021, 02:07:13 PM
What is a good cryptocurrency course for me to get a holistic grasp of everything and which will explain all of the technical terms in detail? And what are the sciences needed for one to understand the ins and outs of crypto meticulously? (ex: cryptography, finance).
I donít know which courses to recommend to you because everything I learnt about Bitcoin I learnt them by doing research on Google and from this forum and nothing like having to go through any course or whatsoever. But, it still depends on what exactly you want to learn concerning Bitcoin, if itís the basic things , you can learn them easily and there are lots of websites that teaches you the basic things about Bitcoin.

You can check Coindesk, you can learn a lot of things. Then if what youíre trying to learn are advanced things that has to do do with Bitcoin and the Blockchain, then Iíd agree that has to do with some courses which youíre going to be able to find on teaching platforms like Udemy and Coursera, or you can still look from other platforms.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: alt season over or about to start ? on: February 27, 2021, 01:33:30 PM
I personally believe that alt season over. but some people are saying that the season is yet to arrive. what are your opinions?
We can't call it over, since it is not just over yet only went down a bit, half of the coins are still above the 7 day price range, so they are not really that "down" even though market acts like its super low, the reality is that BNB was 40 bucks just a month ago, now its 200+ bucks and people act like we are doomed.

In short we could say that we are not out of alt season, but we can't say we haven't started neither because we have gone up so much as well, we have seen coins x2 in bitcoin price and even more in fiat prices as well, not ETH or others, they are still barely hanging in there, but some others increased like crazy in the past month. So long story short I would have to say that we are in the alt season already, so it started already, but we are not out of it neither, we are just giving a break to alt season as of right now that's it.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Online Education, the future of learning? on: February 26, 2021, 06:32:57 PM
The year 2020 made us realize that we should be prepared for anything. So many jobs have been lost, businesses and establishments were closing. Schools have closed entirely as well.

So we are now into this new age that most of the things we are doing are online. Food, grocery, shopping, and most importantly, education. Schools have created modules for what they call distant learning. I know this is not that new, but I am just curious to know if this pandemic will change everything we know about.

I am not new to crypto or blockchain but I don't have any extensive knowledge regarding the technicalities. Do you guys think that there is a use case for blockchain on online education?
I donít think blockchain would have much to do when it comes to education, maybe they can use it for keeping records I guess, that way it will be open and anyone can access the records at anytime, although I donít know if thatís something they would like to do.

And indeed the pandemic have changed a lot of things in the way we live our lives. As for those of us that were working in the office and got affected by the lockdown by losing our jobs, this has taught us that we are meant to always have another means to generate income. Although for some people itís not always easy, because having two jobs is a difficult thing for most people, especially when your normal thing takes your time. Itís just not easy.
18  Economy / Economics / Re: Reserve Bank of India - Most confused financial entity right now! on: February 26, 2021, 05:55:43 PM
Moreover, RBI to launch their own crypto currency which will be centralised one. So what the heck is that? Why they donít understand we donít want centralisation in the first place and thatís why we are using the bitcoin. LOLZ
I donít think all these countries trying to create cryptocurrency is ever going to work, the ones I have seen already were a total failure. Although I have seen the Chinese digital Yuan that was trending through out last year, but no one talks about it again, I wouldnít be surprised if that one also turns out to be a total failure lol, thatís how it happens.

And then as for central banks that are banning Bitcoin and other cryptocurrencies, they are just making a mistake because for me I see it as a loss for them, since people will still continue to trade P2P, the only thing they are doing is to ban centralized exchanges and not really Bitcoin, because they canít stop people from using Bitcoin.
19  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time on: February 26, 2021, 03:44:15 PM
I would still strongly recommend not to rush to conclusions and make long-term forecasts on the volatility of bitcoin, because there are still a lot of positive factors for the exchange rate of bitcoin and it is not a fact that this will continue if the source of good news runs out. Still, previous history should teach caution in such matters, and the growth at the end and beginning of the year last time was replaced by a long-term decline.
Rightly said and if someone asked me how I feel about the price being so high, I would obviously feel good about the current market price but at the same time I will like the volatility to go reduce more if even at the cost of drop in the prices.

Look as a long term investor and believer of bitcoins, I always felt that the real value comes from adoption and the only way adoption occurs is by having more and more sellers accepting Bitcoins which can only happen when there is a stability in price of bitcoins, small movement bothers no one but when the market can double or half itself within a matter of months it certainly makes people afraid accepting bitcoins as a payment option.

More stability means lesser volatility and hence more acceptance and adoption for Bitcoins which ultimately lifts the value and price of bitcoin which stays for long time.
20  Economy / Trading Discussion / Re: Big Dump on: February 26, 2021, 11:29:54 AM
I bought at the ATH too, but it does not mean you have to be panicked about the price dropping. If BTC has achieve that ATH today then it will come back to that price one more time in the future also. So why fear so much?

Just hold and to overcome the losses which is temporary, you can buy more at lower values.  Smiley
The thing about buying at ATH is that, if you are careful about what you are doing, you should be fine about it anyway. For example when you buy bitcoin at 20k, which was the ATH and sold today, you would still be in x2+ profit today, that means buying at ATH doesn't mean that you are doing a bad thing, and I have said repeatedly that bitcoin moved beyond 1400 easily last time to go to 20k so breaking ATH and having new ATH would always mean something easy, to have a bigger and huge ATH was inevitable.

However one thing I am 100% sure about is that if we fall down now, if this is a 2018 like fall, and we will only recover few years down the line, it is still not a bad thing to buy now, why? Because you can keep buying, buy for 3 years and the next time it goes up, you will be in a much much bigger profit for sure, that is what you should focus on, not "what profit I am making now" but "what profit I can make in the future"
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