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1201  Alternate cryptocurrencies / Altcoin Discussion / Re: This time for meme coin? on: July 19, 2023, 10:34:51 AM
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Meme coin is always risky for the fact that to many of those created token are just for scam so you need to be careful on your investment and don't expect to much since that's what scam devs like since they want you to hold while them are dumping.

If we talk about effect well nothing really since the market of meme coin is not so huge and even though the hype is growing then maybe scamming is happening still it cannot   affect the market as a whole.
I agree that it's a useless risk people are taking with these and there is nothing to do about this. I believe that we can't really do anything regarding this situation and we shouldn't really be bothered about it neither.

I can't say that we can't really do much about it in the end, because it is going to be a different situation but at the end of the day if we are talking about memecoins then we are going to be fine and there is nothing to miss there, I can just not buy them and buy something else and make money anyway. I would rather not take any risk at all and buy only bitcoin rather than risk my money with meme projects. Not many people understand the useless risk part, it is really terrible projects all around.
1202  Economy / Economics / Re: Can CBDC users lose control of their money? on: July 19, 2023, 08:33:53 AM
As long as CBDC is Centralized (as the name suggests) or as long as Centralized Financial system is concerned, expect its ideals/principles to be in complete opposite of the ideals of Decentralized currencies like Bitcoin. Besides, Fiat or National Currency like the CBDC would have to be in accordance with existing national laws that guide the modern financial system. Such laws cannot guarantee users privacy or prevent accounts freezing, as long as centralization is concerned. So, users should not expect their fundamental rights not to be violated by Central Bank, governments or others.
CBDC will always remain to be centralized because it was a product of a bank and a bank is also centralized. It will remain to be this way because this what their advocacy is. They can't guarantee privacy but they can guarantee freezing of accounts most especially if they see a suspicious activity on ones account.

If we are using their service, it's of course better to stay positive and don't think that something bad will happen to you even if you know that it's possible to happen at any moment but if you are getting paranoid, you are always free to leave them and switch on something that is decentralized like Bitcoin. We only need to make sure that we don't store it on centralized exchange or on a custodial wallet.
1203  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: July 18, 2023, 04:32:40 PM
There are some things that don't get worse no matter how bad the economy gets. And as an example you can take gold as its price has only been increasing for ages. And I also think that bitcoin is the digital gold. And that's why even if the economy is going bad, Bitcoin is not going that way, Bitcoin is going by its own rules. And it's not the fiat currency that will go recession with the economy.
Gold has a finite supply because we can only mine the gold on earth and one day there won't be any gold to mine anymore this is why gold is considered an asserts, Bitcoin also has a finite supply as well so this assets can always be moving in an opposite direction of where the economy is heading. People are looking for where to invest their money and this assets are the best things for investment at the moment.

The recent pumps of the market is in response to the halving of Bitcoin reward that's been scheduled for 2024, since that's just next year investors are buying Bitcoin and this act will keep making the price to rise. The recession has nothing to do with the rise of bitcoin.
Gold and Bitcoin both have limited supply, which means that the price of it will go on as long as people find it valuable. There are a lot of people who think gold is valuable and it has been thousands of years like that, and some people worry that bitcoin will not be like that in the future because it's a tech thing and tech evolves whereas gold is gold, there is nothing to evolve.

But I believe that as long as we keep believing in bitcoin, then it can have a similar future, or at least in our life time which we should be careful about. So all in all, I believe it's not a bad idea to trust bitcoin to be higher, and reach to gold levels one day, not anytime soon, but it has the potential to help us during these type of periods.
1204  Economy / Economics / Re: Pool strategy of investment for wealth multiplication. on: July 18, 2023, 02:50:15 PM
The main problem is that we must have people we can fully trust to be invited to work together in growing the common economy including in investment and the like. Working with other people I think is quite difficult. because building trust with other people is quite difficult. but the example reported by the OP is 4 siblings from Arab countries. and I know that brotherhood in Arabia is very close so they can build mutual trust well. Maybe if my brother is willing to do it with me. so I can think of this idea too.

But I will only do it in certain fields. like working together to buy a large land property. Because land property can be distributed evenly after purchase. even land ownership documents can also be broken down into several names. so in this investment field maybe I think this idea is pretty good. but for other investments like not suitable.
That is very hard to meet, I mean how could you get together with bunch of people and pool your money together and trust them? It would be pretty difficult and I believe that there will be some troubles. This can't really be done perfectly when we are talking about just the regular people and only a few of them getting together, it's just not that easy to handle and we need to arrange something totally different.

It is not going to be much of a big deal but it also can't be done any differently. I believe that we can't really have anything major, but it can't also be done in a way that would be different neither. I hope that we can move on and do something much bigger, and we can't really change it that much.
1205  Bitcoin / Bitcoin Discussion / Re: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving. on: July 18, 2023, 02:11:49 PM
This isn't true, BTC halving doesn't happen every year, to calculate it better you have to use mined blocks and so the block reward gets halved after 210,000 mined blocks. I would not tell people to 'prepare' for BTC halving, it can make them to become desperate or invest for the wrong reason, take note that BTC isn't a get rich quick thing. I will recommend that people buy BTC because they believe in it and know what they are getting into, for example buying with dca years before the halving is a more orgaic approach and with lower risks.
I have to agree with this. Bitcoin halving does not mean that bitcoin price will rise immediately and that people will expect a get-rich-quick that time. No, it will still take months before the price will create a significant effect. However at some point, bitcoin halving only create a very small price increase, the reason why we should not be overwhelmed about it. Instead, we should invest through DCAing because it has the biggest potentials to succeed in the future, and not because bitcoin halving is nearly approaching that everyone will expect to get massive profits.
It may not mean that the price will rise right away, but at least it means that we are going to do fine, and that matters, that difference matters. Also maybe it will not go up right away, but it will certainly go up after a while and that means good things. Bitcoin price always goes up after the halving, that has been the case so many times in a row now and I do not think that it will change anytime soon neither, we are going to keep seeing that happen one way or another.

This is why it's quite important to see that type of difference, it matters and we should care about it. It's a difficult thing to trust the future, I know that, but at the end of the day at least trust the past and how it has been after each halving.
1206  Bitcoin / Bitcoin Discussion / Re: You are still very early on: July 18, 2023, 01:14:33 PM
Hello, everyone! Do u guys think that Bitcoin or cryptocurrency is going to replace modern currency? In a near future?
That answer will remain unknown for now, because I don't think the government will be that friendly with Bitcoin still, there will be a thin line between Bitcoin and Fiat/CBDC even if ETFs are approved or somehow the government leave Bitcoin be for it's people, if there comes a day where Decentralized currency is acceptable by the government I will be shocked.

Bitcoin was created to go against these people (Centralization and the Government) and they know it, that's why they don't want to see it prevail, yet they are doing all they can and it's still not working.

Bitcoin and Fiat will co-exist but the replacement of Fiat with Bitcoin is never going to come true.
Governments are getting a bit more "friendly" towards bitcoin, which can be seen from them not being friendly with some other stuff. Like things such as XRP and many other things are considered securities these days, and those companies are considered business and the token is considered securities and that means they are subjugated towards another law, and that means a lot more important things and should matter.

I am not saying that we shouldn't really be considering how we could change that, but at the very least we could fight towards making sure that bitcoin is not. Also even exchanges are getting attacked which means that Bitcoin not getting attacked is the proof we need that they are actually fine with bitcoin.
1207  Economy / Speculation / Re: $31450 proves too strong for Buyers, but Sellers may only dominate below $29400 on: July 18, 2023, 11:08:51 AM
It looks like its getting tough to break thru the barrier however keep in mind that when it comes to crypto price action. When we are consolidating on resistance, its usually bullish. And same if it consolidates on support, its usually bearish.

Remember 2017, we kept touching the $6K area and basically went nowhere for many months. Many people assumed that it was the bottom when the markets havent moved in weeks, and then in November we finally broke thru and it was a nasty crash. I think its the same setup here only opposite.
That is the point of reaching the peak, it doesn't matter if you crashed too hard or went up too high, when you reach to a price where it just go anymore, it starts to go other way around. Like when we reached 20k in 2017, that was the highest we can reach at that point, not reached, we could reach, there is a difference, we can reach higher normally, which we have seen with 68k recently, it's that we could not do that at that time because we didn't had more money in the market, after that we had more and went more.

Same with crashes, it can go down a lot but then it will go up a lot after it fails to go down even more. So we need to be careful about checking where is the biggest and where is the highest levels that we can reach.
1208  Economy / Speculation / Re: Be patient and you will be there soon. on: July 18, 2023, 09:52:52 AM
I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
The one thing that will break our momentum to hold until it reaches $100k is the market volatility and FUD, we never want to miss our accumulated profit, it's ok to HODL but if you keep missing your accumulated profit and you dedicated your coins to holding until reaches a specific price is not good and you are losing a lot, we have to realize our profit from time to time, this is the reason why we need to follow the chart and the market.
The theory of buy low and sell high always applies here in Cryptocurrency, it's not your dedication to making a profit in the future but to gaining a little profit when you can as the market moves from bear to bull.
I honestly feel like I do not care about the market when I am holding, like it doesn't matter at all what the current price is. Maybe that's just me but that doesn't mean that we are going to be doing fine. I know that it is going to be a big deal if people ended up doing something else, but that's just how it is and that's how it all works.

We are going to end up with a trouble one way or another but that doesn't mean that we can't do anything bigger. I feel like whatever the current price is, at any given moment, in the future it will be higher and that's the type of mindset that allows me to hold with ease. I have held during 2018 and I have held during 2022 as well, which proves that holding is easy for me.
1209  Economy / Speculation / Re: Bitcoin expected (implied) volatility below 50: Sign for a bull run? on: July 18, 2023, 08:24:04 AM
Might not be such a fresh indicator for some, but certainly at the back of my head I've always had it in my gut that when it's been majority sideways for a really long time, it's the calm before a storm. Now, whether that means volatility following a bull or a bear, never been able to tell.

It's the age old conundrum. Low volatility suggests consolidation for a show of strength. But is it for the bull or bear? I doubt there's strong evidence to point to either side, and even the chart seems 50/50 in either direction, correlating low volatility, and spikes, with price direction.
I seriously do not know if it's for a bull or bear, I can't guarantee anything at all. However, if we put what we have in front of us, we can easily say that it's not going to be that much of a hard time deciding what's going to be the case. Like we have halving next season, been up a lot this year, and we are getting end of the year for our Q4 period as well.

When you combine all these, you know that in the crypto world all these matters, and that shows that maybe an increase is quite likely and could happen. That is why it's going to be very important and we could make some difference without a doubt. I just hope that it doesn't get to a point where things go "too" wild because in that case everyone will be in panic mode for sure.
1210  Economy / Speculation / Re: Bitcoin to $120k next year - by Robert Kiyosaki on: July 17, 2023, 01:22:23 PM
Dont forget that Robert Kiyosaki is a businessman and influencer on first place, and was never a market analyst. He has been predicting Bitcoin to cost $500k by the end of 2025 and $1.2 million by the end of 2026. He has been making predictions every quarter. His real goal is to stay visible on the media and to sell his books. Dont forget about that every single time you see him making a prediction. In fact, check out his biography on wikipedia. If he is good at making predictions, then why all of his businesses went bankrupt?
His other business went bankrupt and maybe he is now trying his luck on selling books but it seems the faith of it will end up the same as the others because of how bad he is on predicting stuffs. Even the newbies will find it funny. Like what @DeathAngel said, maybe $120k was still possible by next year but there is no way it will jump to $500k only by just 1 year and then $1.2M after it.

We aren't even sure if $500k is possible but if ever it is then maybe it will happen in the next 5 or more years after 2024. Even without those high values, it will still be possible for us to earn through fluctuations. We will only buy low and wait for the recovery to sell high.
1211  Economy / Gambling discussion / Re: Bitcoin Betting Beginner’s Guide on: July 17, 2023, 11:45:26 AM
It is better for us to anticipate using an intermediary wallet, not from an exchange, to avoid problems arising from our exchange account. In addition, we will also be safe in using the funds in the wallet because they are not stored on the exchange. Whenever we want to gamble, we always use an intermediary wallet which we can freely use for many casinos. And our exchange account will also be safe and will not be suspected of being used for gambling or other things because the exchange team is very alert to transactions that they think are suspicious or can violate the exchange rules.
It's not about the wallet and exchange you use but it's about their terms. Some of them allow any types of transactions but in order to be sure, we must only read their TOS. Some exchange users send their funds directly to the gambling site in order to save fees but if they don't know that it's against on the exchange terms, they will suffer more than the small fees that they are trying to avoid.

In many gambling sites, they already have a built-in exchange. This feature is helpful and it's better to use it than a dedicated exchange site if your intention is to gamble right after you exchange your coin. There will still be fees on here but at least we can save time and effort.
1212  Economy / Gambling discussion / Re: What could make you get into a fight with your fellow gambler? on: July 17, 2023, 10:36:50 AM
unfortunately when there is money involved, even family members have issues, of course...two people who weren't even so close friends it's a serious issue.... Roll Eyes

in general, in these situations it is always better to clarify everything regarding the bet/money
in the past I made "funny" bets with some friends who turned out to be successful... but no discussions, it's not good wasting time on certain things, in many cases a friend is worth much more than the amount won.
This always happens. I'm referring to betting for fun, or betting when you are not expecting anything but these bets are usually the ones who are successful or the ones that can give you more profit. It's great that you didn't have an argument with your friends right after the incident. Not all people value money so much, that they will do anything only to get the most of it even the return of it is they will hurt someone else.

You are right and besides money can always be found. Sometimes easily but a true friend that we already have now will take a long time for us to see a replacement once we destroy the friendship that we already built on them, so we need to take care of it.
1213  Economy / Economics / Re: Can Twitter Stock Experience the same Rise? on: July 17, 2023, 09:48:30 AM
Zuckerberg has accumulated his wealth through technology advancements, and I believe his experience in this field will prove valuable, even though not all of his technology projects have been successful. On the other hand, Elon Musk's perceived arrogance and disregard for the customer base have led many to contemplate alternative platforms if they exist for Twitter
Twitter as a platform was losing users even before Elon, however once Elon took over Twitter they have lost way more users, however while this may sound like a bad thing, and in a way it is, stockholders at the end only care about the profitability of the company and not about the number of active users.

And in that regard I am not so sure if Elon is doing so badly as he has reduced the expenses of the company as many people got fired as well, so it is possible his administration has not been as bad as we think it has been.
I think it's normal for a platform to lose its users but they can also gain users. Twitter was the second biggest social media site next to FB (if I'm correct) so their users are also high. Stockholders should care about the users or its numbers because this is what makes a company successful. They are the ones who avail a product inside the platform. Maybe it's only one of the strategy of Elon to reduce his employees to maximize his income?

And I can see that he add some features which can make him earn more money. Another reason for the employees being laid off is because of its new management and he might be planning to replace those employees with a new one.
1214  Economy / Speculation / Re: When will you sell...next bull run? on: July 17, 2023, 08:36:33 AM
I'm not being too greedy, but I don't even have any take-profit plans yet, but I will definitely sell off my holdings if I have any when I see it hit a new ATH, even if it takes just one bull run to do that. But that won't stop me from refilling my bag after I have taken a profit; I will wait for the right time to enter the market again.
Before we invest, it's important to have a plan like if what time we will buy or sell, so that you can be successful of earning a profit. We don't want to invest for nothing as that doesn't make any sense. To sell when the price of our coins hits their ATH is a form of a plan. That's better even though it will take time for you to see it.

At least you will now sell, take profit and never miss an opportunity especially a really good one. I think in each bull run, most coins will have an ATH. Re-investing again is a good idea to make more profits. We don't want to be confident early as money can be spent easily nowadays since the price of the goods are also at their All-Time-High.
1215  Bitcoin / Bitcoin Discussion / Re: Argentina Launches it's First Bitcoin Futures Contract, Brazil To Follow.. on: July 16, 2023, 03:59:58 AM
It is no longer news or a thing to be really surprised about that different countries are now making moves which points to them adopting bitcoin..

It is in the news that Argentina, a Latin American country, has embraced bitcoin with the launch of the first bitcoin futures contract in the country.
I would guess that this is a good thing for Brazil but not sure about Argentina. Because bitcoin world will not see that much money coming in from Argentina, it's not a rich nation and that means there aren't all that many rich people there that can help the price grow.

On the other hand Brazil is a huge nation, still terrible economy of course and needs to grow a lot, but the wealth gap is there, which means that there are some super rich people there, and if those people get in with the futures, they can get in with buying as well. That's why that could be something good in the end, I am guessing that it will be a profitable business when this grows into a lot more nations and a lot more people as well.
1216  Alternate cryptocurrencies / Altcoin Discussion / Re: Durning bull market we will received many good bounty? on: July 15, 2023, 09:51:20 AM
The bounty time almost death now so if bull market will coming then we can received lot of good bounty!
There are no good bountys available to earn money right now. So what's your target? When we will received good bounty?
I don't think that there is any connection with bull run for goods bounties. Yes it is true that in bull season the number of new projects will be increase and here you will find more bounties but you have to understand that As time goes on, this bounty sector will get worse, because if you see how many scam projects there were in 2018-19 and how much has increased now, then you will understand. That does not mean that good projects do not come out, good projects definitely come out, but since the number of people in the bounty sector is very high, in this case, it is seen that limitation is coming in good projects or what ever you say bounties
The connection could be that more projects get funding during bull run, which means that they have more money, and because they have more money that means they do more marketing and get a lot more hype, and there are a lot more people with funds to invest into it, so if you do bounty and get some tokens, it may end up worth something. Of course this is still a very small chance and not what's going to happen all the time, we are not going to see this and it's not going to be easy decision in the end.

I believe that the best thing we could do would be staying away from bounties, even on the bull run, and yes there is a slight increase in chance that it will make you money, but it's not an ideal way of making money anyway.
1217  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: July 15, 2023, 08:52:09 AM
I would not say that the Bangladesh team's performance was very good today. But I don't think that Bangladesh will win this match after giving more than 150 targets to Afghanistan. Bangladesh won only on the performance of Shakib, Hridoy, and Shamim.

A target of 155 runs is big enough on such a pitch. And Bangladesh lost the first three batsmen of their top order for just 39 runs. They also lost the wicket of Shakib while collecting 64 runs. After that responsible batting by the duo of Towhid Hridoy and Shamim paved the way for Bangladesh to win. Hridoy remained unbeaten on 47 runs and Shamim played an innings of 33 runs.
Both teams in level with Bangladesh bowlers done good job in early overs and have good wickets which bring Afghanistan under pressure but still their veteran all-rounder Mohammad Nabi done good job and bring his team at decent score while they were having 87 for 5 there was no chance to have target like this but good job from tail-enders done good job.

But while chasing Bangladesh were also decent which allow them to have game into their favour, Towhid Hridoy and Shamim Hossain ends all Afghani hopes for the win and have lead in this series.

Last over hat-trick from Karim Janat bring some thrill into the match, but there was not enough chance for the Afghanistan to have anything positive from here now second match is going to be had tough fight.
1218  Bitcoin / Bitcoin Discussion / Re: Understanding Bitcoin's Potential Realistically on: July 15, 2023, 06:50:55 AM
Satoshi created bitcoin with the aim of making it a peer-to-peer currency that cannot be controlled by the government, he did not mention that bitcoin would become the solution to all problems in the world. But ironically, so many people who aren't its father are propagating it as a god who came to save our world from trouble.

To me, bitcoin is just money, a tool to help me earn money so that I can have a better life, other than that, it is nothing else in this world. When I say this, it will probably make many people unhappy, but other than using it for profit, I don't see any additional benefit to my life. We have more important things to care about, not just bitcoin.
I would say it's also a good investment as well? I agree with everything else you said, it's a money and not a solution to all the problems but at the same time when we are talking about just money, we are missing the part that it's also an asset and can make you money as long as you keep it as well.

It is going to be hard to accept it and all that but I believe that we should be considering a problem if we do not hold it. Work for it, earn it , make money with it, and then invest in it as well if you have any left over after you spend it. That's how you should be approaching it. Do not consider it as a solution to all problems of course, but it could be a good investment and a currency to spend at the same time without an issue.
1219  Bitcoin / Bitcoin Discussion / Re: Positive thoughts and attitude towards Bitcoin. on: July 15, 2023, 05:58:59 AM
You understand the risk, that's all that matters OP, and also you got in at the right time, I doubt Bitcoin will ever see 17,000$ again, I believe that is a case closed for this bear market, if you have a good job I will advice you to keep accumulating, what I've learned in crypto space when it comes to accumulation is to always have some money set aside for opportunities, we are not out of the bear market yet, if BItcoin head down to let's say 20k how are you going to take the advantage again? So always have some USDC in your wallet for possible future opportunities.

You are in good hands since you understand the risks, it feels great seeing a newbie taking this risk as an opportunity, if you can hold firmly you will be happy with your decision in a few years from now.
That's the most important point, it is not going to see that type of bottom again, I can't see bitcoin ever being under 20k ever again, not just short term but ever in history bitcoin would see under 20k again, not in our life time I guess.

Of course there is a risk that something much bigger comes out and bitcoin is old news and we do not use crypto anymore, in that case I can agree that there could be some situation and we would live in a world where it is going to hurt a lot, but that doesn't mean that we are going to see it work well, it is just a risk they are taking. So all in all, bitcoin being high now means that people who bought lower will end up constantly be in profit, as long as you hold your coins, you will grow your profit.
1220  Economy / Trading Discussion / Re: Trade with caution on: July 14, 2023, 07:11:31 PM
The meaning of greed varies from merchant to merchant. I agree with your opinion that when the target has been reached, traders should immediately take profit rather than expecting a bigger profit. It was greed, of course because they had set a target. So obviously they have to be very consistent with their strategy and have to exit when the targets are met.

But when it comes to holders then I don't think they deserve to be called greedy especially long term holders. They need not give up on the plan if they still see a greater potential for more returns in the long term.
Considering the price went from 15k to 30k+, we could consider that greed could be a good think. If you bought at 15k and sold at 20k not to be greedy, you would have lost a 50% increase, if you sold at 25k, still same, hell even if you sold at 30k, there was another thousand dollars increase that you missed and maybe it will keep on growing more in the future? I believe that we shouldn't really consider this as a big deal, it is not really as big of a deal as you think it is.

I believe that we are at a stage where greed is good because the price might go a lot higher. There are a lot of people who end up with a return that will take some time and with halving around the corner we could go into big bull run, so keeping your coins and not selling them is still a smart choice.
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