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1081  Economy / Economics / Re: It ain't meant to be easy on: August 17, 2023, 05:40:25 PM
In life their is  nothing good that comes easily, everything good their must be sacrifice that needs to be paid to achieve it. Sometimes in life, life gives luck that we don't really work so much on achieving things but this only happens in life once in a while.  Hardwork really pays  honestly, life has already been designed that we must strive to get  good achievements because it can't just come easily without any form of work.  I believe if we must get to the to achieve greatness work needs to be done , it is just worse without applying any work and waiting for things to be achieved without any work.
Exactly, to succeed we need trade-offs, I have not seen anyone succeed without trade-offs. But one thing I have to admit, luck also plays a big part in any success. I mean, effort and trade-offs will lead to success, but without luck, no matter how hard you try, it will be very difficult to succeed. That is why we often see some people who are very talented but cannot succeed. But saying that does not mean that we will wait for luck to come and then act, because luck only comes in the process of our efforts and efforts in life, luck does not come naturally.
There are a lot of people who think that they are just going to start trading and suddenly start making money. That's not how it works and you should be aware of what you are doing. I know that losing is just a part of it, but some people are not aware of that and because of that they end up losing a lot.

I think it would be smarter to just focus on what you could do and how you could improve, otherwise you are not going to get any better at all. I realize that it is going to take some time, but if you could be better at what you are doing, then you are going to do a lot better by realizing the profits come with losses time to time. It's very crucial to make sure you are fine with both of them and can move on without trouble.
1082  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: August 17, 2023, 02:04:01 PM
Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan.
I also feel so optimistic about this, Actually I am so grateful that more country embrace cryptocurrency. i remember in the past there are more country against cryptocurrency than country who embrace it. I think we should appreciate every country or company which even only have plan to use blockchain technology and cryptocurrency.
I myself am also glad about this, countries accepting cryptocurrency is a huge thing and will cause good development. However, am I the only one a little skeptical about this sudden acceptance and development from these several countries? Granted they probably have a reason to accept cryptocurrency but knowing how government works and their mind for money it makes me a little worried.
You are right to be worried because we have seen them do whatever benefits them the most and that's why its a risk and I do not think that it would make any sense to keep it going like there is nothing wrong. But, staying away doesn't make sense neither, if there is one, then you should check it. If you check it and see that its good then you can get some, if you check it and looks dangerous then you could avoid it.

First of all, I do not really enjoy people at the top of these nations, I feel like they could do anything at any moment and there is no democracy, which means that I won't be investing due to unsure nature of these nations, but if any other nation with a proper democracy and elections do it, I may consider it.
1083  Economy / Economics / Re: What if the Satoshi (Sats), became the foundation of our economy? on: August 17, 2023, 12:58:20 PM
All these were just like having a nightmare because if we are to go back to what the reality says, it's obviously impossible for now, am not talking as against bitcoin from the context here but the word sats that was used, atleast let see how the overall adoption first goes with bitcoin before moving to it smaller value in sats, we have to see the government in larger percentage in support of the use of bitcoin, accepting it as a legal tender before something like this begins to come up, when bitcoin itself has the government established support, every other things can be achieved, but now we could see clearly that we the people are the ones in need of bitcoin and in use of it, while this is only possible in an economy which fully support bitcoin.
I think that foundation was wrong and that is why everything that followed afterwards became wrong as well. When someone says "capitalism doesn't work", that doesn't mean socialism works, two things could not work at the same time. But when you tell people that capitalism doesn't work, they always go on defense and say "so what we should be socialist???" and no, that is not the solution neither, I do not have the solution and brighter minds than me tried and failed so why would I give it a try.

But, I know that this isn't what works, we need something different and from foundation as well, we need to change everything from bottom up and make it all a new thing. What? I have no idea, it could be anything, someone should figure it out, but it's obvious this doesn't work.
1084  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 17, 2023, 12:10:31 PM
I think the basic thing there is that everyone must not follow the sequence how others should be, and for any investment the investor should know the risk associated with it and be able to manage it properly. Over sometime people do not look at the risk but rather centered their efforts on the profits aspect which actually makes them not to for long time, understanding the purpose of investment always helps in securing and safeguarding their investment without being haste to sell.

About the cushion, well as I think is another way to help your investment not to be altered since it's serving as a reserved fund. And however, anyone who doesn't invest through his income or basic income where then do they get their money to invest or to keep accumulation of their bitcoin, Yes I know and it's a valuable asset that doesn't need to be altered but sincerely speaking you need something reserved fund or cushion to help you allow your investment last longer than expected as the case maybe.
Not looking at the risk but looking at the profit possibility is the number one mistake any rookie could make. You have to realize that you are not going to end up making that type of profit, there is no need for that and you should be careful with what you are doing. If you are careful about it then we are going to end up with something much better in the end as well.

However, this isn't really anything that would be profitable neither, and I believe that we need to be considering the situation that would be profitable if you are taking a bigger risk than you should. Take as little risk as you possibly could on the biggest profit you could make with that little risk. Take a look at risk first, then take a look at profit possibility.
1085  Bitcoin / Bitcoin Discussion / Re: Days you need to work your ass at minimum wage for a BTC, by country on: August 17, 2023, 11:48:23 AM
It's funny how you come across an interesting topic on a forum by accident... By the way, I can't find Switzerland anywhere? I bet it should be in the top five.
Switzerland doesn't have a minimum wage, neither did Germany till 2015.
Not only Switzerland but as far as I know there is no official minimum wage in Austria, Italy, Denmark, Finland and Sweden but somehow Austria is in your list. I'm sure there is no statutory minimum wage in Austria but to be honest, salaries in Vienna are higher than in many other countries.
Also, salaries in Nordic countries are one of the highest despite the fact that there is no official minimum wage.
I think it's more about people realizing that in some nations there are enough people to work in all jobs. When you have a lot more, it becomes a mandator thing. Think of it like this, if you end up working in a nation with 10 million workers and 10.5 million jobs, that means it's hard to stay unemployed, you will find a job, and if they pay you very little then you can quit and find another job.

But, if you work in a nation where there are 10 million jobs but 20 million people, then they can fire you, and pay you very little and you can't quit because you can't find another job. This is why there are some nations with no minimum wage, and there are nations with a minimum wage, that's the difference between them for sure.
1086  Bitcoin / Bitcoin Discussion / Re: Bitcoin the powerhouse of cryptocurrency on: August 17, 2023, 10:58:42 AM
My view in the world of Blockchain technology stands as a testament to the power of innovation and decentralization. Bitcoin did not holds significant market value, but also serves as a symbol of a paradigm shift in the way we perceive and interact with money and technology. As we move forward, the influence of Bitcoin on global finance and beyond is understandable, shaping a future where decentralization and digital assets are integral components of our modern world.
It's very important to realize that bitcoin could change your life for the good and that's an important thing. A lot of people end up not realizing how important it is and they act as if this is something normal. We are talking about something that has the potential to change your entire life and if you are not careful then you are going to end up missing a lot of chances without a doubt.

This is one chance you guys could end up with something that would be a bit more risky and with this going on, I think we should be not avoiding this chance. Finance world will not recover, it may look like it will get better, but then it will have another crash some time in the future. If you are in bitcoin, that won't matter to you.
1087  Bitcoin / Bitcoin Discussion / Re: Next Bitcoin Bull Run: Is It Tied to the Next Halving? on: August 17, 2023, 09:50:49 AM
In subjects or topics like this, I've always been of the opinion that bull runs are not tied to Bitcoin halving, and that the fact that we have always experienced a bull season during every bitcoin halving season is not an indication that such thing is established and will continue like that forever, NO, I've always said it that, at some point in time, Bitcoin halving will come and go normally and the price of bitcoin will not move upward an inch, at this time, it simply means the market have matured and bull runs are no longer triggered by simple things like halving.

But then, the thing now is that we really can not tell when the market have matured to that level where halving is no longer a catalyst for bitcoin to move up in price, maybe the market is matured now, maybe the market is not yet matured but will in the future, no body can really tell, only when the halving comes and goes, what happens will tell if bull runs have moved away from bitcoin halving or not, meanwhile, we should never forget to only invest as much as we can afford to lose, most especially, if you are investing in Altcoins.
I feel like it will definitely continue forever. I do not see a reason why it shouldn't happen again and again. Not like we are going to face anything different, everything is similar and that is why we should be seeing it do a lot better than people think.

Why do you think that it went from 15k levels to 30k levels already, and the closer we get to halving the higher we will get as well and after halving we are going to see it grow even more and more eventually as well. This is going to matter a lot, and we are going to see the same thing happen again. Of course it is not going to be a simple thing, and we are going to end up with a bit of difference on percentage, but the movement will be towards higher price for sure.
1088  Economy / Speculation / Re: Big SEC Decision on Bitcoin ETFs: What's Your Price Prediction? on: August 16, 2023, 06:16:46 PM
In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.
it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.
I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter.

With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure.
1089  Economy / Speculation / Re: Could Bitcoin potentially serve as a safe haven in the upcoming economic crisis on: August 16, 2023, 05:48:55 PM
First of all, everyone should wake up from some enchanted dream where milk and honey flow in streams, interest rates don't exist and everyone earns exactly what they need. Since the pandemic was declared, we have actually been living in an economic crisis that has been further aggravated by the war in Ukraine and all those crazy measures implemented by various countries to prevent us from experiencing a complete collapse, are slowly but surely began to return to us like a boomerang.

Bitcoin managed all this well, although we should not forget that on the day the pandemic was declared, it lost about 50% of its value, and if I'm not mistaken, gold lost about 6% - which partially answers the question posed by the OP. Accordingly, I can agree with some other members that it can be somewhat misleading to say that BTC is a "safe haven" considering the volatility, which does not necessarily have to be the result of supply and demand, but also of political decisions that go in the direction of regulations or bans on possession or trading in the same in some countries.

It would be logical to always adhere to the rule of not keeping all eggs in the same basket, which means diversifying our investments in order to reduce risk.
This means that we are going to end up with a return that would be basically keeping its value and that's about it. This isn't really something we should be aiming at because it would be better if we could end up with a return that would be bigger.

By basic sense, what I mean is that if there is a 10% inflation in your nation and you made 10%, then you didn't made any profit at all, if your nation has 10% inflation and you made 7% then in fact you made a loss and if your nation has 10% inflation but you made 15% then you started to make some profit. That's how it's calculated and thankfully I am doing better than I expected, right now I am making more income than what the inflation has risen so I am making a profit.
1090  Economy / Speculation / Re: Bitcoin on Weekly looks Dangerous on: August 16, 2023, 04:54:43 PM
These things are not "dangerous", people should stop talking about price drops as dangerous or even potential of price drop as dangerous, it's not. It's only a natural part of the crypto world and in fact any market in the world, all markets end up being down and up in turns.

So when the price goes down, that's not a dangerous thing and we should not be considering it as a dangerous situation, it should be received as just a normal business day and that's it. I understand that it may or may not go down more, and it has gone down some already, and that makes some people fear it, but don't be, because just as it goes down, it will go up and there is nothing to worry about it at all and should be considered normal.
Maybe you are right if you are a long-term investor, you don't need to talk about the danger that the price may fall, because after a while there will be a new rise. But if you trade on the exchange and made a bad trade, after which the price started to fall, it will be dangerous for you. If you don't want to be an investor, you need to analyse charts all the time.
As a long-term investor, I think the danger is still there as sometimes it takes Bitcoin a long time to recover. There are times it can recover quickly but it can also fall down immediately. We also don't know what the future awaits in BTC. What if there is a new coin that will be released which is better than in BTC? Or a severe issue in BTC will suddenly came out which can end its life? He might be an investor already because he thinks trading is hard so I don't think his decision will change.

Trading is hard but there are also advantages once you overcome it. One is you can earn quickly. Traders can also choose another coin, so that they can still earn once Bitcoin is not really performing well.
1091  Economy / Economics / Re: How to developed your capital on: August 16, 2023, 03:44:11 PM
You may think you are advising youths to know how to save money or something similar to what I said; however, are you going to save money or invest when you have financial problems to cover up? Nah, mate, you cannot. Some youths today are the ones feeding themselves and their families. How did you expect these people to cope with their finances? This doesn't have to do with hard work or the fact that many people are working to see them survive, but still, these people do not have enough resources to meet their needs. When you are in a country where you are struggling to eat your daily meals, when are you going to think about investment?
Wouldn't I know about this. I am not "youth" by any means, but as someone who has to take care of 3 families, I feel like sometimes world crushes me with all the expenses that rises. People think that we just wake up, go to work, come home, watch tv, sleep. That's not life, sickness happens all the time, and I have paid sickness of my mother in law, and paid for unfortunately passing of my own grandmother and her sickness until her last day, and paid for my own sickness or my wife as well.

All these combined makes a lot of sense and that is why I think I will probably never have any big amounts of money saved. Thankfully bitcoin exists and sometimes I save some aside and make a lot during bull run and that makes me feel good for a while, but then something happens and it's all gone.
1092  Alternate cryptocurrencies / Altcoin Discussion / Re: Rumors spread that SBF is tied to the $BALD rugpull on: August 15, 2023, 06:03:50 PM
Another memcoin scam has successfully defrauded many gullible gambling investors and escaped with their money. Another developer got rich at the expense of ludomaniacs. Nothing changes in the crypto world and even if the market swallows another 1,000,000 projects like BALD, I doubt that something will change in the minds of investors and they will stop participating in such scams. There is no limit to human greed.
Even if not a scam, meme coins are still a risky kind of an investment but it's only better if it's legit because investors can get lucky and earn more. If not, they can still sell their asset for some money. They are not coming home with a zero amount.

Just don't stress yourself about these losers because I think many of them already accepted or expected it and they don't feel bad about their losses. They are only gambling in meme coins in hopes of earning a quick and easy profit. What is only crazy about this meme coin here is that Scam Bankman Fried is said to be involved with it. I thought the guy is already rotten in prison? What the fvk? Lol.
1093  Alternate cryptocurrencies / Altcoin Discussion / Re: Free NFTs real or fake? on: August 15, 2023, 04:29:56 PM
I am sure that it is a fraud, but if you are greedy or want to remove the doubt, then withdraw your wallet from any additional balance, and then leave a small fee for gas and try to sell it, either you will not be able to sell it, or at least not at the price of 1.5 ETH, or all the balance in your wallet will be withdrawn, and then you will save the gas fee Which will be less than two dollars.
But it's too good to be true (a scam.)
Same judgment here by the looks of the image. They only use the name Opensea to increase their chance of fooling the people. Being greedy is not a good excuse to try them. We are only helping the scammers that way and interacting on their links is still dangerous even if you think you already know what you are doing.

So, I suggest is to control the urge. There are still legit free NFT's out there but they are not usually easy to get and they mostly came from unpopular names. If you heard one from the famous names, you need to check their social media pages and other accounts. You can also inquire on them to confirm if the giveaway is legit or not.
1094  Economy / Economics / Re: Big companies will never let you have the financial freedom on: August 15, 2023, 11:49:41 AM
Big companies and the government certainly won't allow us to be able to get financial freedom because when we do get it it will be a loss for them. Therefore, there is no need to be surprised that big companies cooperate with the government to be able to smoothen their business and force the government to regulate various things which will benefit them and this will restrain us. Even big companies also play dirty practices to be able to make products like Bitcoin or any products that threaten them to look ugly in the public eye, so that people prefer to use the products they launch.
I think not all of them are like that. Like for example, some governments will still allow crypto to be adopted by their citizens. If people choose the decentralized ones, this will give them a financial freedom. Then not all companies which has a centralized coin are freezing their costumer's account or do something shady except only if they have done something wrong or illegal.

It won't still be a loss for them because there are still people who continue using fiats. If only they will have a proper service, people will be glad about them and they can get more customers. They can't control Bitcoin or they simply want to create their own crypto but no one is forced to use them.
1095  Economy / Economics / Re: What could Elon Musk be buying next? on: August 15, 2023, 06:36:09 AM
I think about the modification of Twitter to become bigger, maybe we will see that Twitter will make a buying and selling market like a marketplace company and Twitter has that integration with many sellers, and if it is true that multi-international trade occurs in Twitter which trades goods from various parts of the world with Crypto payment tool.
To predict buying an AI company or starting it earlier, I don't think there is an agenda for Elon to do it, because previously Elonmusk had previously been involved with the development of this AI technology, and he chose to leave it, so in my opinion it is impossible for Elon to Now. IMO
Even though that could happen, I still think that twitter could change a lot on how it looks, because right now profile is not like a profile for example, when you go into someone's profile you still see a lot of stuff on both sides, and that could change, basically the whole UI could be revamped. But if we are going to talk about what he might buy, I still think (and been thinking for many years) that he might buy a team.

I do not know in what sport, but I think he might buy a team, because when you are that rich, fighting against other rich people is not easy, he might do it against Mark lol, but normally he won't be able to, and with a team, he can spend a lot of money on it and make it the best one out there.
1096  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is centralized, will it still have value ? on: August 14, 2023, 07:08:21 PM
Surely there were people that invested in Bitcoin due to its decentralized nature and having it just get controlled by another entity would make them sway away from this. If this were to happen from my perspective as like the usual investor, I would definitely sell my Bitcoin to either USDT or any sort of stablecoins out there. I know they're still decentralized with some few coins that aren't, but having a volatile pricing of coin along with a third party controlling it just screams disaster of my money being held captive or frozen.
I think bitcoin could never be centralized and will never be centralized. People are overreacting to stuff and that will always be the case in human history. People just have a tendency to make things out of nothing and that's always a trouble for all of us.

I think we should be considering that this is not really as big of a deal as we think it is, and we should be considering the most probable thing not the most insane thing. Just to give an example, asking "will bitcoin be a million dollars this year" is just way too wrong of a question to ask, it doesn't make sense at all. You should ask like "will it be 40k this year?" because that's more realistic. Same with centralization, not something we should be worried about.
1097  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Meme Tokens Forge a New Era of Crypto Champions? on: August 14, 2023, 06:38:29 PM
I've been a fan of memes, but I never imagined a world where meme tokens team up like superheroes until I came across 'MemeVengers' on my TL. It's a concept where famous meme tokens like DOGE, SHIBA, and other memes come together under one banner with the goal of giving each token unique traits and powers, making them heroes in the crypto world.

If you're a meme lover like myself, what do you think about this concept where memes collide in the most epic way?
This is a good shill attempt but you need to make something with infographics and images in order to make sure that people are interested. If you are doing a shill without a link to it, then it means that you are ashamed of looking like you are obviously shilling, if so then you should have given the links if you are not ashamed of shilling, and if you want to hide the fact that you are shilling then this was a poor attempt because it's obvious that you are shilling, and nobody buys that you are just talking about something you just found, it's obvious that it's a shill, even the account is a newbie.

So make sure you do it better, get a better account to share it with a lot more information and you will get more interested people.
1098  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I’ve created a tg channel with trading calls (signals) on: August 13, 2023, 05:59:59 AM
You can come and see the statistics. It would be nice if you stay:)
I don’t know ways to promote a channel, so I decided to try it here)
All these people who like to get people to follow them and lead for some reason even have that leadership quality and never achieve it, they always end up failing to get people to follow them for some reason. I understand that it's not going to be that easy to make people follow you, but if you are lacking that conviction then you are not going to be able to do it, you tried it and you failed now time to move on and find something else.

I get that this could have been a good business idea and that's why it's going to be something to care about as well, but that doesn't mean that you were right or this was a good idea at all, that's not how this works at all. I hope that it gets to a point where we can make sure that OP type of people are not that common anymore.
1099  Economy / Speculation / Re: Should we rely on prediction? on: August 12, 2023, 10:42:05 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
What else could we rely on. I mean even the indicators and charts and TA all of them could be considered predictions. There is nothing else than predictions, people think that if they have some data that backs up their prediction then it's not prediction but more like proven data and all that, but the reality is that not all TA could be considered true and sometimes they fail and this is why it would be smarter if we could end up with calling them all predictions.

I have some predictions, like in 2024 it will be higher a bit, and in 2025 it will be a lot higher than this ,a huge bull run. But that is not a fact, it's prediction, even though it's backed up by years and years of proven data, it's still a prediction in the end.
1100  Economy / Speculation / Re: Can you tell me the best indicator for long term investment? on: August 12, 2023, 09:10:41 AM
As the title says, I hope some of you can share your experience about the best indicators for your long term investment.
So far I've only invested on a cyclical basis, but I'd love to get your experience into consideration for my future investment plans.
Bitcoin price history. That is your best indicator for the long term investment because bitcoin price history has always gone up, and it shows that sometimes it crashes after the big bull runs so if you are smart enough you do not invest when the bull run is at its peak but instead you invest when the bear run starts after the bull run and crashes the price a lot. That's how you improve and that's how you get to see the price do a lot better.

I understand that it is not going to be easy but it can still be done one way or another. This means that you need to check the history, see when it went up and see when it went down, and calculate when it will go up and when it will go down and make your purchases according to that.
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