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1681  Bitcoin / Bitcoin Discussion / Re: What have you got rid of to accumulate Bitcoin on: March 30, 2023, 01:44:22 PM
Some people said that selling off your properties for any reason sake is bad unless its an emergency, well I say, selling some part of my land is an emergency for me to grab some more Bitcoin, I feel like 2023 is going to be an incredible year for Bitcoin investors, I could get some more lands in 2024 or when Bitcoin makes a new ATH, what do you guys think? A stupid decision or a brilliant one? How will you take this?
If your land is really big and selling a small part will not make the remaining too small for whatever you have in mind, you can sell small as a means to have investment in land and also in bitcoins. Deciding to want to sell your land because you feel this year will be good for bitcoins and that you can easily get another land may be a decision you get to regret. Land is as much as an important investment as bitcoins are.
I still do not think that land is a way to go because land is a limited thing as well. Think about it this way, you can print more fiat, you can even print more stocks, or you can even find more gold in the world and mine it, sure there is a limit to gold as well so I will agree with that, but bitcoin is like the land, it's limited and there are only a few good places left to buy as well, sure you can buy at a bad place and hope it gets more crowded overtime, but the good ones are already occupied.

This is why selling off a land plot is not a good idea, when you have it, keep it and you would be doing a lot better in the future as well, that will gain value like crazy.
1682  Bitcoin / Bitcoin Discussion / Re: Chinese Banks Welcome Cryptocurrency, as the USA cracks down on: March 29, 2023, 05:42:05 PM
Now I am getting more confused, China is very popular for banning Bitcoin, why are they now welcoming cryptocurrency? It is very confusing and funny at the same time, or maybe China want to use this opportunity to be one step ahead of the United States of America. Because that's what China have always wanted, to be the best.
What I understand is that China has special areas with administration and law that are almost independent of the central government, and some of those areas have long been known to be more crypto-friendly. Thus, it is necessary to further examine the banks in which areas this warm welcome will be implemented, as I believe it will not be as comprehensive as it sounds.
That's definitely not it. They have special areas like Hong Kong which could be considered like that a bit, but even when Hong Kong didn't want to do something China wanted them to do, they rebelled and protested and then China sent soldiers and police to keep those protesters from going bigger and got what they wanted.

Aside from that, the mainland china is ruled by one person basically, if he wants something done, that will be done, if he wants to ban something then they will ban it. This doesn't mean they can't build a secret government branch to attack or profit from crypto neither, but wouldn't want regular people to break that law at all.
1683  Bitcoin / Bitcoin Discussion / Re: [NEWS] Biden budget proposes 30% tax on crypto mining electricity usage on: March 29, 2023, 04:48:41 PM
   -  Is this proposal that Biden said has been approved? It's like he doesn't know what he's talking about related to cryptocurrency.
It's good that Trump is a bit open minded to bitcoin or crypto at least.

It's a huge burden on crypto miners when it happens to be approved in their country, it's a big pain to be honest. Maybe that's a blessing when Fiat doesn't back their dollar with gold. So it is recovered from the tax.
I would guess that it is more about the government and the approach, when the branches of government such as SEC and FED suggests something, it doesn't matter who the president is, they can do it because they have the independent power to do so.

However, when Biden was offered this advise, he took that as a good idea and he promoted it as well, doesn't mean it's in the law yet, there isn't regarding this yet, no rules or laws or anything. However, when both sides agree on something, which is very very rare, then they accept it. I fear that bitcoin is not liked by politicians and this should not be a shock to anyone that they will put more and more taxes on it.
1684  Economy / Speculation / Re: Do you think BTC would rise again? on: March 29, 2023, 05:54:14 AM
Didn't expect that the last 3 days the price had difficulty rising and today it dropped again by more than 3%, I hope the price drop is a momentary phenomenon and the market is rising again, those of us who are familiar with bitcoin certainly understand that sometimes prices drop so we have to be able to buy more
it's only natural that the price of bitcoin goes down because it's impossible for the price of bitcoin to continue to rise and indeed recently the price of bitcoin has been in a positive trend which has caused the price of bitcoin to rise quite significantly. however in the long run I believe the price of bitcoin will slowly continue to increase as BTC is getting closer to being bullish.
And it's also natural to be too assuming sometimes, more if the price didn't perform well after a long time. When BTC is in a good mood, it can increase continuously but not permanently. There are many factors that helps the price to rise.

One of it is the positive news and the other is like you said, when the price is already in good condition because there are people who gets motivated when they see it than if the price is dumping. They will only worry and sell if that happens. We are still in the bullish phase right now as long as we don't fall to $20k. Bitcoin's movement is unpredictable. Sometimes the price moves slow but there are times it will move quickly.
1685  Economy / Speculation / Re: What is your take on the price? on: March 28, 2023, 08:53:45 PM
This is a risk that must be taken, especially when you say you are buying at a high price, then indeed the thing that is certain now is to wait because this is the most important thing unless you really want to be like the others by selling and regretting it in the end and that is wrong one thing is not worth it.
I think it's important that someone is aware of the risks and learn early about the fluctuations in bitcoin is like this because we won't even know what will happen. As for those who are currently trapped, one of the hardest things is to strengthen ourselves not to sell the assets we have and of course increase the load if indeed we have extra money.
I think the learning period would be easier if they start off with buying bitcoin and holding it. Sure you can keep learning more about it later on but it is better not to be late and just buy bitcoin and hold it. That way you would be sure that you are doing the right thing while learning what the right thing is later on.

Maybe they wouldn't know why buying bitcoin and holding it for many years is the right thing to do when they do it, but then they will have time to learn about it later on as well. If they start trading right away, that would be the hard part and I think that would be a trouble for most people and should be able to learn eventually but start with a big loss overtime.
1686  Economy / Trading Discussion / Re: Holding could be better on: March 28, 2023, 05:58:19 PM
Not everything is like that, what can move the market are the emotions of the people and because of this even the same whales fall surrendered at the feet of the emotions , this is something that can be said to be also a reason for the same whales that they produce it, we must take into consideration that whales have many ways of making weak hands sell, bad news often means that they have to sell for them to buy, the market is like a jungle where you have to know how to interpret all the signals that occur, lso fundamentals , everything influences the speculative market.
Most of us here knew that emotions are not great to carry in the field. Only the newbies are emotional but their numbers are too little to shake this market. Whales are professional and they do this on purpose not because they are too emotional and if they are too emotional, they will worry about those who will lose so they will not end up manipulating the market.

Another tactic made by whales to shake the market is by creating a FUD. It's important for us to make a research first if the news that we are seeing is true or only just a FUD so that we won't ended up selling our coins. The market is indeed like a jungle. It's either you will be a predator or a prey.
1687  Economy / Trading Discussion / Re: What your opinion? on: March 28, 2023, 04:01:11 PM
Loss is almost everywhere. Whether it's business, a simple job, or gambling, you have to have that risk of money. No one is perfect in any of the sides. We keep learning at every step so let us not talk about whether trading is risky or business is risky. Both of them has got their own risk factors which affects the profitability.
Losing money is not something we can avoid, it is something that is a vital part of the crypto world and it will keep happening forever. Even the greatest traders end up with a loss and we should be getting more used to it after a while as well. I have been trading for many years, nearly over a decade these days and I still make a loss time to time, quite frequently to be honest.

The thing we need to be careful about is the end game, are you making a profit by the end? Then there is absolutely no problem and you should be happy about it. When I calculate it all, year to year I make a profit and that is what I care about and I am fine with it for sure.
1688  Economy / Trading Discussion / Re: Is Forex trades is a part of Crypto Trade? on: March 28, 2023, 03:19:48 PM
to see which one is better, of course back to ourselves, from the nature of the two between forex and crypto are different, therefore we must be able to understand ourselves to choose it, or even choose both. crypto with greater volatility and forex vice versa, and forex has a certain hourly schedule for news. many people only choose one forex or crypto, but back again about our convenience to profit from forex or crypto that we choose
That is why it is very important to know what we are dealing with as trading is risky but this really doesn't matter a lot if we know how to handle it and ourselves especially since we love doing this. Choosing whether Forex or crypto trading, is gonna be our decision and I suggest picking one which we think we can make more benefits and of course, have the convenience. Honestly, we can do well if we are very certain of what we are doing.
I still think that there is not a good amount of money to be made in forex since it's so risky, whereas there is money to be made in the regular crypto world. Forex is purely leverage, crypto does include leverage if you want to but don't if you do not want to and that's better.

I know that there is absolutely no way that people would be happy about making just a little bit, and that is why they enjoy forex when they win a lot, since you could make a million from forex if you leverage high enough and you get lucky with the direction and all. But, you could lose all of your money there with one simple mistake as well and I would advise against that. The best thing to do here is to make sure you do crypto spot trading where it would never be zero unless you buy something terrible.
1689  Economy / Economics / Re: Planning avoids unnecessary expenses on: March 28, 2023, 07:21:55 AM
By looking at the poor and experiencing the lives of the poor, unnecessary costs can be reduced. The wealthier the person is, the higher the level of unnecessary consumption, and the person who earns little and has trouble supporting his family with the money he earns, that person never wastes money. So it must be accepted that money saves some and kills some. A person who spends more unnecessarily is also more likely to commit bad deeds. Therefore, it is necessary to keep track of unnecessary expenses as much as possible, then life can be run well
I would say that there are all kinds of people, and it is not just a single economical level. Think about it this way, there are poor people who live frugal and get richer, and there are poor people who stay poor and waste their money, there are rich people who live frugal and earn more by investing, there are rich people who waste and even become poor again.

All in all just because you are poor doesn't mean you will stay poor, and just because you are rich doesn't mean you will get richer. It's all about the characteristics of a person, this is why we see poor people have rich children or rich people have poor children, it depends on the persons character and not the financial situation.
1690  Economy / Economics / Re: Where do we go from here on: March 28, 2023, 06:33:58 AM
There was a time where Elon musk is afraid of Robots with AI capabilities, saying they are dangerous to humans, there was a rumour about some incident where a robot threatened to crush him, I don't know how true is this, but not too long ago even the Microsoft boss Bill Gates is very concerned about the harms that AI could bring on humanity, saying something like AI might decides that humans are a threat. We do we go from here?
It's funny how both of the seeming pioneers in this realm (or at least the largest names whose companies are working on AI related products) both say that they are fearful of AI and its potential effect on humanity. If that's the case, then why are we even putting the energy into this creation, or why isn't more effort being put into policies, safeguard, research etc before it goes further? I believe that we should focus on mastering blockchain, something that empowers humans, instead of creating something that has the potential to become a threatening adversary. That's just me though.
I would guess that even though it could be risky in the future, it is also amazing what it can do and it is already worked on. Not like we can ban it, there are way too many people who already have the opensource files of it and even if you ban it, some people will do it. Just like how cracking games are banned and yet they still do it and share it for free, people work hard, countless hours, over 100+ hours and crack games, and this is games we are talking about.

Believe me, if AI was banned, some people will still do it. So, it's better to let companies do it and know the people at the top at least. Some bad people will abuse it for sure without a doubt, lets hope it doesn't get out of hand.
1691  Economy / Economics / Re: Is capitalism killing morality in the name of the law? on: March 27, 2023, 09:08:39 PM
I think all professions that we think are not right can be justified by the legal basis or the government that regulates them.
I remember that a small ban on playing games can make you worse, they said, but when Covid happened in 2020, WHO advised us to play games, so basically they are happy to change it according to their interests.
There is nothing like illegal profession. Unless government doesn't want to legalise it. A profession can only be called illegal if the government is finding it difficult to regulate and earn from it. Take bitcoin for instance.
When bitcoin was new, some government tagged it to be illegal because they don't find way they can regulate it and earn from it. Now that they have discovered how to task bitcoin related payments, they have started legalising bitcoin.
Government makes law and they unmake laws, they modernise and they also victims. The government system is crooked and rigged.
That is literally what illegal means. Legal means what the government allows you to do, there is law, and if you follow the law then it is legal, and if government changes the law, which they are there for, then it will become illegal, or vice versa.

I am not against that, governments should definitely change laws and make things legal or illegal, remember owning slaves was legal at some point in history, it's not now, so the ability to change the law is something quite important without a doubt. However, some governments take this as a big deal and then change what is good into bad as well, like letting abortion be legal was great, but then turned that into illegal again for some reason.
1692  Bitcoin / Bitcoin Discussion / Re: Guys!! I was finally able to buy my home thanks to Bitcoin!!! on: March 27, 2023, 06:45:44 PM
All of you here, regular and quality contributors, you and Bitcoin have allowed me to have a degree, a job I love, two years of wonderful travels, and finally the security of a home.
This is amazing news! People should be celebrating each others life achievement, it is one of the most important things in any persons life and an amazing feeling as well. I believe that the best thing to do would be making sure that you should be living a life where you are doing as well as hoped for.

I believe that the best things are better when shared and joy is one of them. I share your joy OP and I hope that you will do much bigger things in the future. You have the path and the roadmap and I hope that you do as well as you could ever hope for, that would be lovely thing. I know it is not easy but I know that it is going to be easier with the right tools, which is bitcoin.
1693  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 27, 2023, 05:52:00 PM
I think that's nonsense.  I mean how can you decide bank with crypto?  I'm sure we will continue to be able to buy Bitcoin through bank intermediaries.  It is simply impossible for all the banks in the world not to make payments to cryptocurrency trading sites.  Even if that happens I can still use my financial application to make transactions to cryptocurrency trading sites.  I'm not worried about what he said.  Because I'm pretty sure that's not going to happen and it's never going to happen.
There are nations that made it illegal, which is why it is not possible to do that in those nations. Sure in our nations it is available, I can just send my money there via bank transfer and that's more than enough for me, I am doing fine about it and won2t ever worry about how to buy bitcoin in any other way.

But, not everyone has the same chance and that is why places like localbitcoins have these troubles. I know that it is not going to be easy or anything, but it is going to be not so hard neither and should be fine. I personally believe that the best thing to do in this case is to make sure you use p2p and do not get caught, if banks are not an option of course.
1694  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: March 27, 2023, 01:09:09 PM
Sri Lanka and Bangladesh certainly have a lot of potentials. But that potential needs to be unlocked. The amount of corruption that goes on in these countries are absolutely unbelievable. And that is why both of these countries are being held back quite a lot. Bangladesh has a lot of talented players. But just because of corruption and favoritism, a lot of players are not even getting the chance to play. And it's not like they are bad players. Good players are not getting the chance to play.
Even in subcontinent people love cricket up yo the level of madness but sadly from the five test playing nations we have just one team and board with enough sources and money to have ideal setup for all formats and pool of players which can give them top quality performance and it's India with all others are having different issues like Sri Lanka and Bangladesh are having not regional system and good facilities for shining technique and improve quality with Pakistan is also unpredictable not only in game with their system is mostly had too much interference from government, so they are not able to have any ideal domestic setup which helps them for having better results Afghanistan is also suffering and not able to play games at home even now their status is also under threat due to Taliban regime.

Good things could happen for the better future of this game but internal issues are also creating feud and ACC is also not powerful to settle things for better future of cricket in this region which is surely one of the worst thing for cricket for sure.
1695  Economy / Trading Discussion / Re: Experience of failure and success can help us control the emotions. on: March 26, 2023, 07:41:23 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
Well it could also be our best friend if you know what you're doing. Emotion is always going to be part of us as traders and the only thing we can control from our emotion is our reaction and when it comes to trading, we know that panic selling is one of the common reactions by some random investors especially newbies in the market.
Maybe the positive emotions only because it can also help our mood to stay positive but like you said control is needed so that we can not over hodl and lose selling at the right time. Emotions will always be part of us humans and it's almost impossible to stop them because they can only come out naturally but in trading, there is a thing called bots. They can do the work for us. It helps us to stay away from our screens.

It helps if one is having a hard time of controlling his emotions. Newbies shouldn't give up early if they are losing often because it was still part of the training to gain more experience. They need to expose their selves more in the market.
1696  Economy / Speculation / Re: Bitcoin price and my mindset on: March 26, 2023, 04:05:44 AM
Your mindset on Bitcoin is very clear, buy low and sell high. You plan to take some of the profits to open a business for your wife, of course that's very good and you really hope that the price of bitcoin can increase as soon as possible.
It takes time to realize your plan, Bitcoin will not experience an instant surge in a matter of hours especially with the current market conditions. You have to be patient until the return you want comes, never expect more than what you targeted, unpredictable price movements can make you wait longer.
The price remains intact so I think we will continue to $29k and above. It's okay to expect more than our target if our target price is only small e.g $50k because Bitcoin can easily pass that level but it will be better to stick on our first target first so that we can successfully sell and experience the real profits on our hands and most of all turn that dream into a reality.

Unpredictable price movements, doesn't always mean that the price will drop but it also means that the price have risen above our expectations and the speed at which the price travels can be fast enough. It reduces our waiting time which is great. This is one of the benefits of bitcoins volatility.
1697  Economy / Trading Discussion / Re: Experience on Bitcoin on: March 25, 2023, 04:33:00 PM
The depegging really did not affect the prices as we had predicted. In fact the price went up and are having a bullish turn from then on. We don't know why this happened but we are not complaining about it.

People are probably waiting to buy or selling to cover losses. At this point new users should wait it out. My experience is that changes in direction should be anticipated and preparations made for the same.
Are you guys talking about the USDC? The stable coin didn't totally collapsed that is why Bitcoin and other coins are hardly been affected. The company behind it are too big and trusted enough, so everything is under control but other users can't help it. They are too panicky and they want to withdraw and sell their coins after the issue happened. Good thing that platforms are restricting them of doing it as that could shake this market.

Aside from the good news that the stable coin have recovered, there are then other positive news that came about Bitcoin which have helped the price to rise even more. Let's just hope this will continue and no more negative news are going to come out for a while.
1698  Economy / Gambling discussion / Re: The future of CBDC in gambling. on: March 25, 2023, 08:32:42 AM
Just like bitcoin, CBDC has its place and a future in gambling. However, we should note that they are not as the same as bitcoin. One is centralized, backed by the Central Banks of Countries, the other is decentralized and backed by the will of the people. However, when compared to fiat they are both secured from hacking and other financial frauds.

If you ask me, gamblers would prefer to use Bitcoin for gambling which is more anonymous than any CBDC. So although, it makes sense to use CBDC for the afore mentioned reasons, it's future in the gambling industry will be dependent on it's adoption and listing in online casinos.
In fact, some gambling places in Macau are now planning to accept them as a legal tender. I think that was pretty quick compared to Bitcoin when the currency is already here many years ago.

Well, with according to how you differentiate them, I guess I wouldn't really wonder on why CBDC easily gets this status of legal tender, that is because they are backed by the banks while there are so many banks and governments who are allergic to Bitcoins but it was still great that there are already a few countries who made BTC a legal tender. We can still use our BTC online and on online gambling if not on the real world or brick and mortar casinos.
1699  Economy / Economics / Re: Always Have a financial record in whatever business you own on: March 25, 2023, 06:24:59 AM
There are a lot of things to be said. I even wanted to add an image or two to show people how they could easily record their financial records on a spreadsheet or a notebook. It really is very broad.
These type of things looks so obvious, how come they are not found out earlier? I mean I am not saying that this is a lie, it could be truth for sure, because there are morons in the world, but we are talking about 8 year old kids mathematical question levels of simple thing here.

You make a burger, and you sell a burger, and you know what the burger has in it, so you know the cost, so you sell it for higher than what it costs, how hard that could be? Or you buy a beer, and you sell that beer, if the beer is 8 bucks and you sell it for 6 bucks then you lose money, how hard is that? Seriously, how hard is that? That's something 8 year olds can figure out, it's not rocket science.
1700  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: March 24, 2023, 09:50:23 PM
Impressive performance by Afghanistan and a terrible batting performance by Pakistan and Afghanistan will easily win the match as they need less than a boundary to win the match.

Surprised to see a slim wicketkeeper  Cheesy and when i searched about him he is the son of Moin Khan, i have seen him bat in PSL but he is yet to provide any meaningful performance in his International career.
Bowlers done good foundation for this historic win because now Afghanistan has first ever win against Pakistan in International matches which is good for them and their game in future because with this win now they can feel better, and confidence level is also going to rise for the better future of this game in this country even we have no chance for having home cricket in next 10 to 15 years.

Pakistan came here without their top T20i players and mostly players were selected on performance of PSL, but batting is completely mess-up as no one were able to stand here and give his best as they were doing amazing in PSL but still cognates to Afghanistan for having firs win.

Azam Khan is son of Moin Khan and his inclusion in this team is not because of his performance he is in just because of personal links, so we can't expect good from him in wicketkeeping even he is the good hitter which done good performance in BPL and CPL as well.
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