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1341  Economy / Trading Discussion / Re: 7 tips to know about crypto trading on: June 17, 2023, 04:24:50 AM
Yes, capital plays a very important role in profit-making in terms of trading, but it's all not about capital alone, someone's knowledge and skills in terms of trading are what determine the profits someone will make. There are some people who make reasonable profits with small capitals because they are good traders, so capital with good knowledge is the one that determines the amount of profit someone will make from trading.
This is the actual thing that instead of huge amount of money if you have no idea how to reap the benefit and how to increase your profit then this huge amount of money is useless until you learn every single strategy that will aid you to earn more cash.

Money and knowledge both are very necessary because if a person understands the market situations very well but have no money to use for profit then he cannot be a successful trader so in this situation taking loan is not a bad idea. Always remember that you should select that business in which your are familiar with risk management and you know how to take profit under any harsh situations.
Yeah, it is about understanding how to build income and not just profit. If you invest 100k into bitcoin and do nothing else and just hold, you are not going to be making as much money as someone who can put 1k dollars per month into bitcoin every month.

Eventually even with increased profits, that person will beat you, and that means you need to keep having more income. That means with that 100k, don't just put it in bitcoin, sure do that if you want bitcoin but also find a way to make more bitcoin with it as well. I know very few places where you can make returns, like 4-5% returns per year, that means income, that means more returns, that means you will have money coming in every month and that's what you need in order to get richer.
1342  Economy / Trading Discussion / Re: What's your favorite crypto;Bitcoin on: June 16, 2023, 12:46:10 PM
Bitcoin is the favorite of everyone who knows crypto. Even initially, they join crypto because of attractive offers to invest in new coins. But once they gain experience, they will find out that Bitcoin is the goal of everyone who comes to crypto.

Those who invest in new coins or altcoins will eventually start investing in Bitcoin because they see that Bitcoin is the main coin in crypto. But those who don't see it will still choose other coins over Bitcoin. So it's up to them and we can stick to our choice to invest in Bitcoin.

But you can also invest in altcoins to increase your profits in crypto because, with many altcoins on the market, that is your chance to earn a lot. But be careful with the number of altcoins because you have to find the right altcoin so that you can benefit.
The only possible positive thing about alts is that bitcoin will not go 10x easily, and won't go 100x, that's just not looking like possible or at least not right now. There will be "some" alts that will go 100x in the future, I do not know which ones and that's the trouble, one day we will see one where the top is 100x higher than the bottom price and we will wish we bought it.

The risk however is that if you keep investing into them, then you will think that you will know at least one of them right and most of them will be wrong and you will lose money instead. This is why it's much more important to just focus on how you could make a profit based on known coins and not risk it on alts that may go up or crash, I feel like I would always pick the wrong one so I stay away from it.
1343  Economy / Exchanges / Re: How Do You Get Out Of A Trade in Coinbase? on: June 16, 2023, 09:55:30 AM
You must learn to use the simplest trading method. You are probably trying to sell at a price above the current market price and that's why only the cancel option appears. Try changing the price and be careful not to rush it. If it reaches the price you want, you can convert it to USDT or anything else you want. As far as I understand, the reason why it says cancel is because the operation you want to do has not taken place yet. Please watch a few videos about trading and make no mistake.
From what I can see between 1-3, he thought he had it, but he never actually had it. If the trade is still open that means he never bought it, it wasn't on his account, he opened a trade to buy it, but the price went up before he could, so he never did. So that means he used his money to buy something, put up an order, never bought it, in order to buy something you need to click market price, that guarantees that you buy it.

That's what OP should do, he didn't even come to sell option, he wasn't selling anything he had, he was failing to buy, when he cancels he cancels the buy order, and that's the issue. I know it's a simple think for all of us here because we are so used to it, but the reality is that we are not really shocked about newbies who does these, they are learning.
1344  Bitcoin / Bitcoin Discussion / Re: Interested in investing in Bitcoin my childhood friend after losing business on: June 16, 2023, 08:36:00 AM
If it were me, I wouldn't give any advice to my friends because I don't want to be blamed or our friendship will be ruined because of money. Instead, I will give him all the documentation and knowledge about bitcoin I know to him. I would advise him to find out everything before making a final decision.

I don't know if you don't want or haven't had a chance to explain the risks of bitcoin to your friend. But I think you should focus on that rather than just talking about bitcoin profits. Hiding it won't help your friend get better results in investing.
This is exactly why I do not ask my friends to invest, hell it is not even nice to ask for birthday gifts lately I learned. My birthday is coming up, and they were all coming to celebrate with me, and there was this game I wanted to play, and told them you do not have to get me any presents, just get me wallet code so I can buy the game, and some of them took offense to that for some reason.

However, when money is involved, it is not nice to do anything for a friend but help, if you help them get more that's lovely, but if it goes down then it is going to ruin some part of your friendship and shouldn't be done at all. I hope that it gets better in the future and humans could finally talk about money a lot easier without worrying about it, but I can't really bother with it until then, just let them do what they want and I won't be part of it.
1345  Economy / Speculation / Re: Chat GPT do a TA about bitcoin on: June 15, 2023, 12:11:41 PM
If you could trust past time charts, and if everything matched up, almost everyone would be making money. But sooner or later things go wrong.  If an event is repeated 3 times, there is no guarantee that the fourth time will be exactly the same. This is why ChatGTP should not be trusted - it bases its analysis on the past.
I agree completely, it's a total random market and that's what it will be like for a long time, we just can't do anything that would be too wild from the regular situation and just have to accept that this is what it is and that's why we need to forget about using chatgpt.

If people started to think that chatgpt would be a great way for them to make money, they will end up all using it, and one thing could not make every single person richer, it just doesn't work that way, if the same answer made us all rich, who would be holding until the last moment will be the biggest loser. Think about it like pump and dump schemes, they suppose to buy all the same time, but some people buy later than others, and they say they will sell at the same time but some sell earlier than others.
1346  Economy / Speculation / Re: How much ,as you think ,is 1 bitcoin in 2025? on: June 15, 2023, 11:15:01 AM
Seeing today's market conditions, I am optimistic that the price of Bitcoin will reach $ 100K in 2024 or when there is a Halving Day, as we know that Halving Day makes Bitcoin demand increase so that it will make a significant price surge, and in my opinion in 2025 it could reach at least $ 100k .
Hopefully it can happen, but for now your prediction looks very irregular in my opinion because right now the market conditions are still looking very uncertain with absolutely no stability so to get a bigger spike in the next year will be a bit tough for Bitcoin although this is possible because in the past this has also happened in Bitcoin, but for now the conditions are very different from the conditions two years ago.
I think it's quite illogical to think that bitcoin may not do something, I understand if he said million dollars, but a new ATH is quite possible, hell it is possible even this year. I am not saying that's likely, but bitcoin is bitcoin and sometimes it can be pretty high.

In 2025, I do believe that we are going to see a new ATH price without a doubt, this year it has gone up a bit, then next year will be halving so it will go up a bit more and the year after that will be spent adjusting to new halving and price going up all the time. That's always how the market reacted when there was a halving and that's what we are going to see again. I do hope that it will be a bit different this time around but that doesn't mean that it will be too different, it will be pretty similar in ATH sense.
1347  Economy / Economics / Re: Fake support? on: June 15, 2023, 08:56:43 AM
When examining the goals and consequences of any government's engagement in such technology, skepticism is a legitimate stance. It is also critical to avoid drawing broad generalizations or issuing judgements without strong data or a thorough comprehension of the situation. We may obtain a more comprehensive view of China's participation with blockchain and web3 technologies, as well as the consequences for diverse industries, by avoiding generalizations and conclusions without strong data.
I understand people would be careful about it, after all they have been known to be against it, so when they act anything that looks like it would be a good thing, people have the right to be skeptic about it and wouldn't be really unwise decision to be like that.

I am not entirely sure if they support it or not, I wouldn't say it is "fake" but more like there must be something they are getting out of this and that's why they are doing it, and I believe that we could end up with something much better if we are careful and should be doing so. I know that a lot of people will focus on the part where it says a good thing, and they will get hopeful about it, but as we can see from the market, not a lot, just a bit of people and the price didn't responded to it.
1348  Economy / Economics / Re: Twitter ad sales down 59%, company valuation down 66% on: June 15, 2023, 06:36:40 AM
I wonder what Twitter will do to prevent this loss of value. Different things that Twitter will do will cause it to regain this value or have the opposite effect. They should pay attention to this. They can get ads they haven't received before to increase their ad revenue. Or, as you say, they can apply propaganda-style things by making an agreement with the governments.

Platforms can lose value, that's normal, but newsworthy when it comes to Musk. Even in such a situation, I don't think Musk will do any harm.
"Freedom of speech" was something they focused on as soon as Elon Musk took over, meaning people could say offensive stuff without getting banned, not straight up curse at someone, but they can point out their offensive thoughts, there is nothing illegal about saying "I do not like black people", that's racism, but not illegal to say.

However, when you do that, and when the website is filled with that, do you really think that people would be willing to spend their money on it? That's not cancel culture or snowflakes or libs or whatever, this is people deciding not to spend their money on a company anymore, and they have all the rights to do that. This is why twitter will keep going down as long as companies keep seeing it as a bad place to spend marketing budget on.
1349  Economy / Economics / Re: Is poverty a lack of money? on: June 15, 2023, 05:42:02 AM
In summary, too, can you list all those things that one needs to survive without needing money?

Even if you have a lot of farm land, you can farm rice, beans, yam, corn, okra, etc., but only you can not finish your farm produce you will need to sell some and use the money to buy other things you desire. Also, you cannot farm on all the farmland. You must surely need laborers, and you will pay them. If you want to build a house, you will need an engineer. Will you not pay the engineer? You will need bricks, cement, zink, nails, wood, and some other stuff. My question is, would you not pay for those things?
I think that's the eternal argument between my wife and me. I am not saying that I could be poor and still live greatly, but she keeps introducing me to better shit and I keep wanting them because of that. I honestly believe that I could live in a small 1+0 apartment that is just one room, bed, kitchen, my pc, tv, all in same place with just a toilet, a small place and I wouldn't even need to get out, I would just order in everyday whatever I need.

That way, I would wake up, get in front of my pc, do my work, then when that's over, play some pc games or ps5, and eat, and just go back to sleep and keep doing this 365 days a year without ever wanting to do anything else, or at least it was like that before her. Now she got me hooked on so many things in life, and I keep wanting more, well if you keep wanting more, then you will need more money. I could have lived quarter of what I spend now alone, and yet because she likes good life, I want a good life too now, and this is why we spend so much more.
1350  Alternate cryptocurrencies / Altcoin Discussion / Re: POLYGON as a national currency. on: June 14, 2023, 07:09:11 PM
depending on some random altcoin for a country's economy is definitely a mistake. even the fact that polygon itself is highly volatile is already such a red flag for it to be used for something that directly affect the country's well being.
it's just really bad decision making if some country ever make this altcoin namely polygon as their means of payment and something like that. at best it's only good for money transfer that competes with the like of bank transfers and many more which usually impose quite high fee. but for it to be used as a national currency, seemed silly idea to me.
this thing just doesn't work for that.
Cryptocurrencies as national currencies? That calls for measured deliberation! Doubts about unstable cryptos like Polygon becoming a national standard are reasonable. In an economic landscape, stability reigns - isnt the volatility of cryptos risky? Still, should we judge all crypto projects by LUNA's failure? Each blockchain endeavor is unique, and while one may stumble, another may thrive. Considering cryptocurrencies for global transactions due to their efficiency and affordability is tempting. But as a national standard? Let's proceed cautiously! Can we bet our economy on the erratic crypto market?
I think there is a difference between bitcoin and polygon though. I get that you may want to see fiat change, but I rather see it change to bitcoin not polygon, because Luna may have failed single handedly and that doesn't mean anything for Polygon, but neither was as good as Bitcoin, that's just way better than anything else we have seen before.

This is why it's quite important to remember that it's not going to be a big deal, it's just the fact that we are going to see them be who they are, and that's enough for us. Bitcoin is big enough and that's why we can turn a nations currency completely to bitcoin if we ever wanted to, and even though there would be some tech issues moving that way that requires time, it would make a lot more sense than Polygon at least.
1351  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC lawsuit caused massive market crash on: June 14, 2023, 11:38:31 AM
In the current market conditions, ripple is standing tall. Despite the lawsuits. If ripple wins the case and somehow manages to justify himself, I think he will do at least x10 in the next bull run. I think he will win the case. I have no idea what the SEC is trying to do right now, but I think you are following litigation policies due to government pressure and the principle of confidentiality is being tried to be removed.
Doesn't really matter, winning this lawsuit could only open up the door for more lawsuits, there is no shortage of starting a case, and they will get the whole book thrown at them as long as they continue with the current system. They are a company that printed their own money, do you think that USA would allow a company to just create their own money, there are a ton of legal hoops to go through before you can do that, hell mcdonalds had problems with bigmac coin let alone a ripple company doing XRP, that one was just for a burger alone.

This is why I believe that we shouldn't be really expecting Ripple to come out clean from this, there is no way they can be not guilty, because what they are doing is against the law and has been for a while and one day or another they will be punished for it.
1352  Alternate cryptocurrencies / Altcoin Discussion / Re: Will China takeover as the leader in blockchain and start the new bull market? on: June 14, 2023, 08:41:53 AM
[.....]If mainland China follows, it might bring the cryptospace back to the bull markets that are more similar to 2017. The pumps during those bull market years with China were bigger and higher.
Would they allow the coins or native tokens of those chains developed by non-Chinese companies though? They could end up banning all of them and allow only the "locals". Only Hongkong that would be open for all.
Absolutely not, there is no way that they would never even consider a possibility that they would get something like that, it is impossible. I personally believe that China do not even let the "locals" build anything, thye just use them as workers, so they are still the boss. I know that it is not that easy to understand for people at western nations because they do not see that as a possibility, but that's the reality, we just need to focus on that.

If you think that it won't happen or couldn't happen that is because you live in a free nation and can't imagine living by the word of just one person, but that's how china lives and nobody can breath even without president allows them to breath. That's why there won't be any foreign ones, and local ones will be under strict rules to follow.
1353  Bitcoin / Bitcoin Discussion / Re: Can They Find A Way to Do It To Bitcoin? on: June 14, 2023, 06:45:49 AM
The government can crackdown or try to take action against these centralised platforms making certain rules for them or filing cases against them but can't attack Bitcoin directly because they don't have power to do so with it.If you are using non custodial wallet to hold your funds then you also don't need to care about centralised exchanges as well but with strict laws like putting ban on it complete usage but still can't kill it.There are many questions regarding btc being centralized but it has never happened which makes it true decentralised coin.
I think the only power they have right now is on the centralized exchanges and as we can see they are not letting them go and will not slack off once they found something bad about the exchanges and they will not hesitate to file a lawsuit against it. That is why it is always recommended that you always have a non-custodial wallet to highly secured your funds because centralized exchanges are not safe if you want to store huge amounts of cryptocurrencies there because they can be held at any time once their owner is proven guilty on something related to cryptocurrencies.
I think they will do whatever they can within their power to seize control, they are seeing these exchanges take money out and that's not something they can easily accept. Think about it, CZ is not American and he doesn't spend his money in the USA neither, and he is not investing into USA making them richer neither, he just pays taxes on the American version and that's it, nothing more but taking a lot more out.

This means that if they can stop him, that will make sure that there are someone they are more favoring that can start his company and not only that person will pay taxes there, but they will keep the money in there as well, instead of taking it to another nation. This is their last line of defense, this is the most extreme thing they can do, and even that's not too scary for crypto world.
1354  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin must surpass gold on: June 14, 2023, 05:09:58 AM
Both are good and both are having different usage and compare that you have any reason is there and compare both there is an any usage given and compare both i will use both and i invest in both ,gold not having profit and also they gave a security at the same time the bitcoin given lot of income and also lot of danger given anyway secure my property and  for more profit  i will use both.
I think something is good to do for both because they both provide benefits, even though in the end it requires a lot of funds to be able to get both.
Gold is very popular because in some developing countries it is still considered pride and accessories to equip themselves apart from investment, but since crypto has begun to move they also want to invest in crypto. is a choice and that's fine.
Not just that but because fiat keeps losing value over course of many years, we are seeing a lot more people end up with a trouble when we are talking about a big amount of gold. If you invest into gold and your nations currency gets devalued, you kept your purchasing power still, because gold goes up as much as the devaluation of fiat most of the time, even if it doesn't happen quickly, it gets there with time.

Same could be considered for bitcoin as well, it does go up when inflation happens and drops when there are high rates, so the logic stands the same but the difference is that it's digital and can be spent as well. This is why it makes more sense to do it this way and invest into bitcoin, it's the better version of gold.
1355  Bitcoin / Bitcoin Discussion / Re: New investigation on Satoshi Nakamoto & the Origins of Bitcoin on: June 13, 2023, 06:26:09 PM
I quite salute your enthusiasm to be able to find out who Satoshi Nakamoto is, but it seems that what you convey in your video is only theory and speculation. Most of the information that you provide is already available in the whitepaper and can be accessed by anyone if they want to know. But to be honest, you are not the only person who wants to find Satoshi Nakamoto, the world's governments and banking institutions are also curious about who he is, but so far they have not been able to reveal who Satoshi Nakamoto is. So cheers for you to find it, even though it's impossible.
Did you really expected that a trillion dollar currency market filled with tens and tens of millions of people wouldn't be able to find something a guy could do a research on and find? I mean OP did something typical, he collected all the information in a single place, nothing new, however the only thing he might be considered good for is he collected them in a single place that we rarely see, not that it hasn't been done before, but it hasn't been a common thing, you find these information spread all around online, with this at least it's in a single place.

Aside from that of course there are no new information, there couldn't be one, we don't get to find it, if there is anything, it has been unearthed by someone already.
1356  Economy / Speculation / Re: Chat GPT do a TA about bitcoin on: June 13, 2023, 02:30:14 PM
AI technology that is developing rapidly certainly will not miss being able to present about bitcoin, what the company that developed AI for bitcoin is doing is of course the first step in further developments, it is natural that many people are afraid and ask countries to ban ChatGPT because it is a threat to many jobs.
Yeah, I think when something that is a bit more current and a bit more that can check the data of today comes out, which will most probably, then we are going to see something but it will be always risky. I mean it's clear that we can always use the current setup of chatgpt, instead take it and feed it all the information we should, like basically upload all of CMC and that should more than enough, and then it can check the chart of it all and then we could see it give a bit of a solution or answer to it.

But will you really trust an AI and do what it says? Hell if it is actually doing alright and making you profit, then everyone would use it and then whatever it says will be very hard, it will always change based on who enters the last.
1357  Economy / Speculation / Re: Crypto experienced bloodshed on: June 13, 2023, 01:46:40 PM
I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.
Maybe we are also now in an era where everyone does not have to follow the decision from the US about cryptocurrency and other economy and financial arriving conclusions and approach, those within the US may have little more challenges with their government regulations affecting the operation of Binance exchange but i can say it very clear and direct that this will not be a global issue to be treated on everyone as long as people have known how to take their bitcoin off exchanges.
I think we are not there just yet, I would love it if we were there but the reality is that we are not there just yet, which causes a lot of trouble for all of us. This is why its smarter to just enjoy the situation while we have it, and that way we can do a lot better in the end, the trouble is that we shouldn't be really worried about what's going to happen with USA, but we should be ready for it as well.

Sure bloodsheds happen all the time but if you are ready with DCA your way back, or stop loss, then you shouldn't be worried about bloodsheds at all, it wouldn't hurt you all that much. Too many people act as if this is avoidable, but this is a financial market, bloodsheds happen all the time and all we can do at this point is to learn to live with it.
1358  Alternate cryptocurrencies / Altcoin Discussion / Re: The US just banned altcoin trading. on: June 13, 2023, 12:49:09 PM
These Youtubers are so annoying with their sensationalist statements. The US has not banned altcoin trading. These idiots will just make stuff up to get you to watch their videos so they can get paid to shill you some worthless shitcoins.
Yes and as far as I know only few tokens got delisted. Like ada, matic and sol on robinhood exchange. US is really not aligned on crypto but we will see. We all knew that US is a strong country and not having crypto on this area might be their loss actually. Its not the only country, maybe users from the area could rely on dex more if some exchanges really prohibit them to trade crypto. The SEC chair is really aiming to eradicate crypto on US territory but not gonna happened.
That was still a bad news because Robinhood was a major exchange and then those that they de-list are also major coins. US is already a strong country and maybe this was the reason why they are not really friendly with crypto but I know many US citizens still wants to engage with crypto because an extra earning is always better.

US isn't only the country who are sensitive with crypto but they are on the headlines lately because Binance are also having an issue with them. Maybe this was the reason why those YouTubers said that altcoins are going to be banned. They are only thinking in advance and giving a warning especially to the citizens of that country.
1359  Economy / Trading Discussion / Re: What's your favorite crypto;Bitcoin on: June 13, 2023, 09:45:32 AM
People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.
because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.
Those hypes are the troubles right now and I do not know what's going to happen after that, I know that it is not going to be a big deal right now but that doesn't mean that we should be considering that as "gone", during the bull run that type of hype made a lot of people jump into a lot of coins and most of them ended up losing their money, we shouldn't really be expecting them to change next bull run as well and something could happen.

I am not sure what's going to happen next up, but I do believe that it is not going to be easy. Lets hope that it gets to a point where it is not going to have any importance at all, but that's not the point, it is very important to just focus on how we could warn people against these type of hypes, be cause they will be hurt by it.
1360  Economy / Exchanges / Re: What's next? on: June 13, 2023, 09:02:23 AM
Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.
No one can actually know if whales have already bought or if they need to buy more, but if someone wants to invest at the current price, they should start doing DCA from here until the price reaches the bottom and bounces back at the current position or maybe go higher. When you do DCA, you will always have more funds as a spare because if you never used all of it on buying Bitcoin or any other cryptocurrency.

There is a lot of bad news circulating in the market, the main ones being about Binance and Coinbase which might settle down soon or it may take some time because SEC wouldn't want the exchanges to come out clean so quickly before the market gets devastated.
Bad news are temporary stuff and they will not matter as much as people think they will matter. Which is why it is quite important to remember that those are temporary, and if you are aware that they are temporary then you are going to be fine about it in the future as well, we won't really have that much change in the end.

Hopefully we would end up with something better and the good news would start piling up, those are usually temporary as well but at least it would be a counter towards the bad news. It would allow the price to go up, but since it naturally drawn to going higher, that means the direction change is all we need, when that happens the price will start to go up and even if all the good news loses its power, the price would still continue to go up.
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