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101  Economy / Economics / Re: If cryptocurrencies disappear - how will your life change ? on: August 29, 2024, 06:39:03 AM
If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?
Well in that case, I will loose a good amount of money which I had saved since a long time. Personally I do not transact much on cryptocurrency and mostly use Fiat. But crypto currency  really makes up a good percentage of my saving portfolio. So it would be a huge financial loss for me.

But that's the only thing that will impact me. I am sure many other people uses cryptocurrency in a similar way. But the main problem will be faced by the Whales or big money investors who probably have invested every single thing into crypto. Thankfully I do have a fallback position to survive due to the diversified investments.
I mean we all would lose a lot of money, every single dime I saved so far would be gone, but the reality is that I used it well enough to pay for so many stuff so far, with my profit and income, so I would still be happy, I would say that was a good period of my life and I will try to find something else.

If crypto started to not exist today, my life would get worse, and by that I mean like REALLY worse, for a while, but then eventually I am sure it will recover, after all I can't be unemployed forever, it will get better with time, and I think it is going to get a little bit better with time and I will do fine, it is going to be something to do and I will probably find something that's greater and not going to have much issues.
102  Economy / Economics / Re: You Can’t Earn Beyond Your Level of Understanding on: August 28, 2024, 06:38:31 PM
It is naive to think that only people with knowledge, education and degrees can make a lot of money and the rest cannot. In theory yes, but in reality, our world doesn't work that way. If we have knowledge but no courage, do not dare to take risks, then do not blame fate that we are not luckier than others. While those who know they are not good but still dare to take risks, step out of their comfort zone and dare to make trade-offs, the results will be completely different.

Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.

But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
The difference is that, billionaires could come out of anywhere, you could be a drop out, you could be smart, you could be educated, you could be anything if you just want to be a billionaire, because there are so many things involved about that. But if you just want to have a normal job, and want to live a comfortable life, as in like have a house, wife, two kids, a car, maybe even two, and send them to decent schools until college, that all comes down to a great education.

Harvard guys may not end up being billionaires all the time, but they sure can afford a house sometime during their life, and cars too. This is what we are talking about when we say education, you need to have education to be at that level, it helps at least.
103  Alternate cryptocurrencies / Altcoin Discussion / Re: Will dogs listing be a success or failure? on: August 28, 2024, 03:23:10 PM
I hope you have now seen for yourself, and you can take back your words now because I believe you have some money which you might have not expect to have with such farming that have less task compared to others like Avacoin that listed with just dust and others that may end up as scam.

I am still holding some $Dogs which I believe will do well in future because I see the project as a good project because of how far they have gone so far, I am very sure the team will do their best to make sure their investors don’t regret letter in the future.
As everyone has seen, $DOGS has been listed successfully and those who had free tokens have already made a good profit. Looking at its performance so far, it can be said that it may also grow in the future because people are still very interested in $DOGS and are investing heavily. Many people, including me, are holding onto their current tokens because they are hopeful that $DOGS will continue to grow.

But one thing that we should all keep in mind is that $DOGS is also a meme coin and meme coins cannot be trusted much. It is also possible that contrary to our hopes happen, like other meme coins, it may also deceive us and our money may be lost. Therefore, we should invest in meme coins only as much as we can bear the loss. If you have got the tokens for free from the airdrop or an event, then there is harm in holding a portion of it and see what happens in the coming days.
104  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can Ethereum Flip Bitcoin in Future? on: August 28, 2024, 11:25:55 AM
For now i don't think that eth will flip the btc, no record in the history of ethereum that is surpass the bitcoin price, but we don't know what will happen in the future in the next 10 to 20 years from now there is always a possibility, crypto is full of surprises its price and status will always change.
No one can predict with certainty what will happen in the future, and I agree with that. However, looking at the history of ETH and Bitcoin, it doesn't seem likely that ETH will surpass Bitcoin. ETH has never reached the heights that Bitcoin has, and when Bitcoin falls, Ethereum falls even more sharply compared to other altcoins. So, I don't think it's likely that Ethereum will ever surpass Bitcoin.

As you said, the crypto market is constantly changing, and there's no denying that the crypto market has always been surprising. It's also possible that the coins we're talking negatively about today or don't expect to make a profit in the future may surpass everyone's expectations. Only time will tell, and we can only say what we feel or what we see happening.

Things might be different in the future, but for now, it doesn't seem that ETH has the power to surpass Bitcoin in anything.
105  Alternate cryptocurrencies / Altcoin Discussion / Re: Will other country join to censor Telegram? on: August 28, 2024, 10:28:52 AM
With the news Telegram's CEO is being arrested today, it affect Ton coin and other tokens price that played in Telegram. It's surprising that the CEO is being arrested during the cryptocurrency in Telegram hype, it means that cryptocurrency is already that big.

Will this make government to ban Telegram? I found that there are few former countries that censor Telegram and there are few countries still ban Telegram. If The US start to ban Telegram, this will be a disaster.
Will they? Maybe, but will it be cared? I do not think so. Remember that there are so many nations that ban so many things, in the end we still keep using it. You think torrent is legal? It has been illegal for over two decades now, and yet we still illegally download music, videos, movies, even ebooks for the past some years.

So, it is clear that just because you make something illegal, doesn't mean that it is not used, maybe less people will use it, that much is true, there are people who are so afraid of committing a crime, they would not even log into their telegram account, but how many people would do that? Not even half, maybe quarter of the telegram users, we will keep having telegram as the main chat for crypto for many years without a doubt, even with legality in question.
106  Bitcoin / Bitcoin Discussion / Re: To the people who only see the downsides of HODLing Bitcoin on: August 27, 2024, 05:22:21 PM
If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.
I disagree, because I don't think most people actually use bitcoin to buy things, i.e., treat it like money--and yet here we are 15 years after its creation and it's value has skyrocketed and it's become about as mainstream as it's going to get.  So even if nobody spends it, it can still function as an asset like gold, a stock, or whatever.  And if I was back in 2010 looking at bitcoin's price today, I'd say it's already arrived at the moon.
And it won't stop there, the cycle would repeat itself, in my opinion. With BTC becoming even more mainstream and going to the Moon for us, people who are reading this at the moment Grin
I do agree that bitcoin has a chance to become more and more mainstream because it seems like it is not leaving anywhere. For the first year, the question was if people would even accept it, nowadays it's clear that people do and the real question is if we are going to end up with a good progress for a further time, that's what we need to know and I believe that we are going to end up with a period where it is going to be growing further and further. This is why I suggest that we should look at this as something that will stay, at least in our life time, so investing for long term is great.

Anyone who doubts that much, doesn't know what bitcoin is capable of doing and hasn't check it's history. Considering something got this high this quickly, trillions of dollars worth of market cap in about 15 years, is something that needs to be taken seriously and it is doing fine, I think it has to be something that we can all agree on and could consider as good.
107  Bitcoin / Bitcoin Discussion / Re: Utility Uses of Bitcoin in General on: August 27, 2024, 04:00:32 PM
I don't think that the "public statements using Bitcoin's comment feature" are particularly useful for the average BTC user/investor/trader.
Also the "tokenization" thing is not useful at all and has nothing to do with the core features of the BTC blockchain.
You could summarize your list in basically two or three points. Store of value(even though the price is volatile) and medium of exchange.
Those are the main features of every currency and BTC is supposed to be a currency(but unfortunately it is still being viewed as "digital gold"). The third most important feature of BTC is "being your own bank" and not relying on a third party to store your wealth, but not a lot of Bitcoiners are using this feature.
These are not really that great, I mean in general the most common "utility" comes from trading and investing and payments, that's it and nothing more. While people can use it for other stuff, we need to realize that it is not going to be that common and we are not going to see this work out that commonly, it exists solely for the people who use it for more advanced ways.

Market uses it for the main three things which I mentioned, trading, investing and spending that so that they would get something. That's the only thing that people will continue to use, and that's why I think we need to focus on what we can do, and if we ignore all the others and just use this part then we are going to be able to get better results on why people use it.
108  Economy / Speculation / Re: Is now a good time to sell or buy bitcoin? on: August 27, 2024, 01:14:53 PM
Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?
If someone is not investing in bitcoins at the moment, they can buy bitcoins from this market and invest. And if they have invested in bitcoin long ago at a low price, they can hold it. I don't advise them to sell bitcoin. But at the moment, no one will be worried by the market condition, if everyone invests patiently and keep that investment, it is expected that the market will grow very soon. Many may be worried about the dumping situation in the market but it is only temporary. I am not worried at all about my bitcoin investment I always think I can achieve something good in the future.
I would say it doesn't matter if you have some right now or none at the moment, you can buy bitcoin at the moment and you can do a lot better. I believe that the best thing to do right now would be just focusing on what you can do, and because that would not be all that easy to handle if you keep on buying and the price doesn't go down, it may go down or it may go up.

We need to make sure that it is going to be something that we can handle it all, and that's the key here. All we can do at the moment would be just buying and doing the best we can do and because of that we need to consider that buying at the moment and keep on buying more and more. The more we buy, the more we will profit when the price finally goes up at the right time.
109  Economy / Speculation / Re: Bitcoin's Bull Run: What to Expect in 2025 on: August 27, 2024, 11:41:00 AM
What if history doesn't repeat itself? What makes you so sure that history will almost certainly repeat itself when there is no evidence? The future is unpredictable, history may repeat itself or never repeat itself. The only thing we can do now is hope and we have no proof so don't rush to make any claims or assertions.
Another scenario is: when everyone knows about the 4-year cycle and everyone is waiting to take profits, then most likely it will not happen and a new cycle will be created.
I don't want to discourage you or be pessimistic but we need to be a little realistic, we should have a contingency plan for the worst case scenario because anything can happen. Personally I also expect history to repeat itself again but I won't be so subjective without a backup plan.
While there is a possibility that it may not repeat itself, what is better, investing based on what the history has shown us and have data to back that up, or investing based on "what if it doesn't happen this time"? I think it's clear that people prefer to do what they want to do. But, if you are right and the history doesn't repeat itself then we are going to see a down and a ton of people losing money, so I definitely hope that we are right and you are wrong.

History doesn't always repeat itself, sometimes it breaks the cycle and does something different, but that doesn't mean that this is going to be one of those days, we could have something similar or we could have something totally different.
110  Economy / Trading Discussion / Re: This bad habit will cost you a lot in trading on: August 27, 2024, 09:48:55 AM
Applying only one strategy to all conditions in trading I think is not too bad, in fact if the strategy is carried out consistently then the trading is likely to be successful but back to broad knowledge in trading to avoid unwanted things I think all traders must have that knowledge or learn it. In trading anything is possible to happen and the level of risk for that I think all traders understand and understand that traders must also try to minimize the risk, namely by expanding their trading knowledge.
This is so true, and not many people understand why it's so true as well. However, there are situations that are not that similar, so if you have same strategy for all the situations then you are going to have to find something that works for all of them, which isn't easy. I am not saying that's wrong, I am not saying don't do it neither, I am just saying that it is not that common and it will probably not be done that easily neither, just avoid that if you can and you will do fine.

We are talking about everyone's habit that will not be easy to handle, and because of that I believe that the best thing to do is try to find that strategy which works for every single situation. It may take a long long time, you may even never find it, because I have never found one that works both on bull a lot, and bear a lot.
111  Economy / Trading Discussion / Re: Phone or laptop? Which one do you prefer to use for trading? on: August 27, 2024, 09:16:10 AM
I am not referring to forex or trading stocks or commodity. I am referring to crypto trading.

I prefer to trade crypto  with phone. I have a laptop but I noticed that I do not like it to trade unlike phone. I do not know if other people are like that or they just prefer to use laptop. That is why I bring this survey. To know people that use laptop to trade crypto than phone or otherwise.

The reason I prefer phone is because I am faster with it and very it is simple and straightforward than trading on computer.
Ease of use, simplicity, the way you trade, everything depends on what one person is looking for. I mean we see a lot of people here who say phone, those people just buy and sell, they do not look at 8 different charts and 10 indicators to figure out what to buy, they just buy and sell, they do a simple trading but they can do it on the couch, laying, watching netflix tv shows, which is the easesit and most relax way of trading and prone to make a profit because it would lack stress as well.

Whereas, there are also people who do it on three monitor pc's with a lot of alerts going off and tons of charts and head/shoulder patterns and the ema and the Bollinger band and the.. well you get the point, those people use PC, that's just how it is.
112  Economy / Trading Discussion / Re: Why I think trading is no different from Gambling! on: August 27, 2024, 08:13:34 AM
Actually, people who compare trading to gambling don't know anything about trading. They have only heard about trading, they do not know about Bitcoin or any altcoin, they have never tried it, and never invested or spent any time in research because once you experience it yourself, it is easier for you to decide what is actually beneficial or harmful.

I have never seen any coin or game in gambling that is said to be profitable. It may be beneficial in the future, while in trading we invest money now, after some time we get it double or even more. And the second thing is that the profit or loss in trading is based on your own education and experience. That's why I never react to people who call trading gambling because I know they don't understand anything about trading and are posting and commenting on hearsay.
That is true, because trading is nothing like gambling at all and they are not aware of what they are talking about. The only way we can say trading is anyway similar to gambling would be futures without knowing anything and just jumping into high leverage trades. It's clear that people are aware of the fact that spot trading is nothing like gambling and they are still comparing it, which shows us that they are so uninformed about how to trade that they think it's like gambling. If they studied and learned how to be a better trader, they would have seen the difference, meaning that it is not about lack of understanding, it is the lack of studying it.

Anyone who knows how trading works, would know the difference, if they do not know the difference that means they have never studied to be better at it, which caused them to be ignorant about the differences between the two. Simple mistake, if you never studied geography, you would think USA is right under Australia too, you just have to learn some stuff.
113  Bitcoin / Bitcoin Discussion / Re: DCA method on: August 27, 2024, 06:19:33 AM
DCA method is the best way to invest. DCA method is not only for low income individuals I think DCA method is good for every person who invests. Suppose the market is now in a lower position than this position, it will not go up or down, but it cannot be accurately estimated. In this case, if you invest using the DCA method, your investment will be much more successful. So method is better for every person if have to invest then definitely invest using DCA method.
This is true, and not even just for crypto, even if you do gold or stocks or bonds, DCA methods is the the best way to make any money. You know why people who do DCA knew how to do it before anyone else? Because, they knew that it's the way all the wealthy people make their money after they became wealthy, but not before.

You do not start with 100 dollars and have a billion dollars with DCA, you get a billion dollars first and then do the DCA and that keeps you wealthy and they have bene doing that for over 4-5 decades, longer if you look at other type of historical investments but no need. So when those people first got to crypto, they started doing it, and it's working but because it's much faster to go up, it works much better here and makes you richer.
114  Bitcoin / Bitcoin Discussion / Re: Altcoins are sucidal!!! on: August 26, 2024, 06:28:11 PM
>> so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.
I agree with OP to a degree. I mean if we are talking about top ranked ones then I like them, they are not really that bad, like if we look at it closely then ETH is an altcoin too and that's not too bad and if you want to invest into that then it's fine.

But, I agree with the logic that we see a lot of people who make a lot of mistakes and they should not really consider how they could improve and because of this I believe that we are going to end up with a loss, we should probably ignore that and we could make something much better, it would guarantee a bigger income. This is why I believe that the best thing to do right now would be getting it done in a smaller way, it would be a great reason to invest carefully into these.
115  Alternate cryptocurrencies / Altcoin Discussion / Re: If An Altcoin is Not Listed on Coinmarketcap - Will it Never be? on: August 26, 2024, 09:44:33 AM
As much as I have been told not to waste my time with meme coins, or stay away from certain altcoins, but its really hard to absolutely ignore them, especially when one meme coin hits the market every day.

Now I also know that whatever is listed on Coinmarketcap is the real deal... so if I am researching a coin and it is not listed there, are there any chances of it ever being listed... or should I just let it go?
I don't get why it is so hard to ignore memecoins? I have been doing it for 10 years now, started with Doge, and been ignoring it when they got this famous as well. Since 2021 and Elon Musk tweeted about Doge, everyone and their grandmother is building a new meme, which shows that it is not a good project to invest into because all those people are just interested in your money and not interested in making you any money at all. Why would it be so hard to ignore them?

I mean I haven't put a single dime into any of them, and didn't had any hard time about it, I just simply do not check any memecoin, as soon as I see one, I just move on and not even take a look, I ignore it that way. Do that, ignore it, it is not hard.
116  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: August 25, 2024, 05:26:33 PM
I am very sad to see such decline of Pakistan. Yesterday also I said that the match will be a draw. Because both Bangladesh and Pakistan batted very well in their first innings and completely unexpectedly Bangladesh scored 565 runs in their first innings. None of us expected Bangladeshi batsmen to bat so well.
Every cricket fan is sad with the recent development happening in Asian region because we have massive down in performance and quality for the Bangladesh, Pakistan and Sri Lanka things are going from bad to worse, but we are having no solid strategy for bringing them back on track because all managements are having their own issues even money is not problem but things are still getting not on expected track which is the biggest concern here for them.

Pakistan scored 448 runs in their first innings losing only 6 wickets. But in the second innings, Pakistan lost all wickets to collect only 146 runs. The Pakistani batsmen could not last long at the crease against the bowling of two Bangladeshi spinners Shakib and Miraz. Miraz took 4 wickets and Sakib 3 wickets.
In this test match, we have no preparation from the Pakistan team their bowling was worst in presence of top quality bowlers and their batting is also having no depth with both inning we have no patience from the top order which bring them down, and they lost first test match against a team which is having just 14 wins from their 143 test matches. Bangladesh done impressive job as they bowl good in second inning and learn from their mistakes which they have done in first inning then batting was impressive which help them for having 565 runs.
117  Alternate cryptocurrencies / Altcoin Discussion / Re: Why hold Tether when you can hold Cash? on: August 25, 2024, 05:01:56 AM
I never understood the logic. Anyone use USDT? Why? 
I agree with this, the exchange I use allow me to hold fiat, and while I do prefer bitcoin over fiat, I also prefer fiat over tether as well. Just because you are a crypto person, doesn't mean that you have to support tether, they are not really doing anything good for the crypto world, they are just a few people who own a company and tell you that they have 1to1 backing of all the dollars and they are just giving you a fake version.

Literally the only reason why they are preferred like this is because they are at every exchange, remove tether from exchanges, get them delisted and it is not worth a dime and everyone would crash withdraw all their money from them. This is why just because you like crypto, doesn't mean you have to support this stablecoin.
118  Economy / Trading Discussion / Re: Never revenge the market! on: August 24, 2024, 08:00:54 AM
Risk is always there, and there is nothing wrong with making mistakes or spending your funds wrong, but it's important to improve upon them.
While taking such risk, it's wise to know what you are up against and also be confident to accept the losses that comes afterwards. Some persons are only pressing forward in taking those risk because they are expecting a huge profit in return, they don't tend to think that the market is dynamic and can still fail them if they don't take their time to make an accurate analysis for the market direction. One need to learn from their mistakes and improve themselve.
It depends on the risk we are taking as well. I mean if you are taking some useless risk then its not ok to take those risks just to learn later on, because you should already know about it and not make that kind of mistakes to begin with. I mean think about it, there are tokens which are memecoins and not even in the top 3000 list at CMC, and there are people funding those, do you really need to know anything before not investing into those?

You should know that there isn't really anything you could make money from those and that is why you should avoid them, there isn't anything you can learn from that, you should already know this. Of course you could make mistakes, there are levels of mistakes that is acceptable and that could make sense but that's only acceptable if you take a risk that makes sense to people as well, otherwise if you are investing into something shitty then do not consider that as a risk that you should be taking at all.
119  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether is growing and develope all around world maybe new USD on: August 24, 2024, 06:21:50 AM
So now i know that If any crisis happens or anything at all i want hold either the currency or assets from the Mexico usa Europe or china i guess tether owners did not want to risk with another countries currencies.

While tether develope so fast the USDC is behind...so the USDC need to be more active becouse USDT is still king in Fiat currencies.
I do not think that neither tether, nor CBDC, nor any other stablecoin will be "the new USD", because USD is USD and all of them are tied to it, whatever USD does, they just have to follow, so if USD gets devalued, then USDT does too, it's that simple.

Bitcoin is far better than any other stablecoin when you want to hold long term and that is why everyone prefers it, looking at the charts USDT is looking like something that people only use when there is a bear market, aside from bear markets nobody really cares about it. Remember that this is just backed by one company, and companies could be sued and destroyed by governments, just be careful when you trust all of your money to some people at some company, instead of a whole nation.
120  Economy / Economics / Re: How has this bad economic affected marriage ? on: August 24, 2024, 05:48:40 AM
It's more of an "I can no longer afford this", type of thing, not an "I can't afford anything" thing.
The same reason why most people can't save up for a house is because it keeps increasing. Instead, they spend the money on flashy items, clothes, shoes, phones, etc. In this economy, doom spending is thriving amongst young people who cannot purchase the stuff they want like cars, real estate, build a family and much more. Investing in themselves by paying for tattoos, nails, and expensive hairstyles, becomes a norm in society. I was reading a whole lot of young users complaining on BoredPanda about the things they can't afford anymore in this generation.
Blaming the victim could help you a lot, but you can check how much the house prices changed in the last 50 years while also how much the salaries changed. Look at just the last 20 years if you want, or even last 10 years. You will see that house prices went up way more than the salaries, so that means that people who work a normal day right now, can't end up buying a house, because it's too expensive

 In my country, it's literally impossible to buy a house right now, you inherit it, or you have other stuff you sell to get it, but your salary would never be worth it due to high interest, not because of the price of the houses directly, those are high too of course but the high interest rate makes it unending till you finish it off. Do not blame people for getting phones or  clothes, when nobody pays them enough to buy a house.
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