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1861  Economy / Speculation / Re: Price guess for March on: March 03, 2023, 10:49:10 AM
If the news is not FUD, the skeptical me is also thinking that because of the timing of MtGox repayments, there might be people who want the market to dump. This is also not the only bad timing. Ethereum's Shanghai update will be on March also. It would be head shaking if they will be scheduled only 1 week apart hehehe.

Ether’s (ETH) price action is expected to be “cautious” until the Ethereum blockchain’s Shanghai upgrade, due later this month, as the market is concerned about a supply overhang, Bernstein said in a research report Wednesday.
I think it wouldn't be really as much as people make it out to be. First of all we are going to see most of them want to get back in, because why not make a good return of your investment with something that both gives you a staking reward but also goes up itself?

I mean the savings account in a bank gives you a return too, maybe even more in some cases, but doesn't go up itself at the same time, in this case ETH goes up AND gives you more ETH at the same time, it is an investment that is amazing, so many will want to go back in. Secondly, even if there were, we are talking about hundreds of millions of dollars worth of bitcoin mined every single day, and it can still go up, so should ETH as well.
1862  Economy / Speculation / Re: will bitcoin go back to 19000 on: March 03, 2023, 10:03:23 AM
Yeah, there are even predictions as high as $50,000 this year and it still makes sense. But to achieved it, there could be swing in prices first, getting to $35k then maybe a dip below and then shoot up.

So more likely the chances are high for Bitcoin to reach $30,000 or higher this year as compare to $20,000 or below.

Let's see, the month is about to end in a week and we could be in the $24,500 price range.
I'm not betting on high hopes about $50K this year, but at least $30K has high hopes to touch. This is not to say that I am not optimistic about the price of bitcoin, but the swings that occurred during the month of February have at least slightly wavered me in optimism.
I think that's the bullish predictions for this year, still though $50,000 might be exaggerated by some analyst, but who knows, this is just like 50% of our current price.
I think you meant 100% of our current price, we would be 50% of 50k right now. I agree that 100% is not impossible in the crypto world, we have seen things go up 10x in a year, going up 2x is nothing compared to that. And I do not mean small cap tokens neither, they can go up 100x or even more, I mean like bitcoin and ethereum and so forth has gone up 10x in a year before, and going up 2x in a year is absolutely nothing.

Having a fear that it will go back to 19k is normal, I understand the fear, but just because one person is fearing that could happen, doesn't mean that market agrees with that, look at how we keep trying to break the wall and go above 25k and you can see the optimism in the market.
1863  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is currently the best crypto to invest in? on: March 03, 2023, 08:14:45 AM
Most likely the top 10 altcoins, I wouldn't extend the list to top 20 as there could be some chances, top 10 for me might fit the best description to the OP. And obviously, although he is more of asking for altcoins, I think majority will agree to stick to bitcoin itself as the chances are slim that it will fall like the rest of altcoins.

But altcoins like Ethereum, Binance and Cardano is a good bet for me.

Actually I have those, but majority of my portfolio consists of BTC.
I think it is a bit better if you could remove some from top 10, and include some from top 20 instead. Like remove stablecoins easily, and then remove doge and shiba and xrp as well, those are all too risky to invest right now, and then add in stuff like sol or ltc and so forth. That is what I suggest people all the time, there is a reason why some coins are top ranked and that reason is still valid today and would go on for a long time.

Look at ethereum and ltc, maybe apart with 10+ ranks, but they have been here for a decade and that is how it is going to go on for a long time, people should see the reason and invest because of that as well, it is logical to do so.
1864  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to this Eth Investor? on: March 02, 2023, 09:44:16 PM
Satoshi Nakamoto wallet still receives coins from grateful followers, which does not confirm the fact that he is alive. The very fact that the owner of the wallet is alive is the withdrawal of coins from the wallet, which last occurred 40 days ago. Apparently, the owner of the wallet does not need the funds that he has.
This seems like the most probable explanation for the whole thing,  and the owner of that address is probably so rich that they do not need to touch those coins and still enjoy a life of luxury.

The only other options which I can think of is that the holder is incredibly greedy and even that amount is not enough, or they are not interested on spending their coins at all, not the most likely explanation but there are been a few cases of people which have fortunes on the bank and yet they live their life like any other person.
Or alternatively, Satoshi is dead, and that is why we are not going to end up seeing anyone spending. Money going in doesn't mean anything at all, even if they are poor, they may have burned all the access to it and it's gone now, it is just burned bitcoins and nothing more, and you can throw money in there if you want to as well, it means nothing about the owner.

One thing that can change any of this is the fact that if there is any money ever that goes OUT of it, then it could actually start to mean something. Since we know many addresses which we assume is satoshis, and none of them ever moved money out for the past 10+ years, we could easily say it is not an issue at all.
1865  Alternate cryptocurrencies / Altcoin Discussion / Re: Best practices to prevent hackers from stealing our crypto assets on: March 02, 2023, 08:49:10 PM
Even if there are many methods to avoid harmful attempts your funds/wallets there is no better way that can beat hardware wallets. When you write its seed to paper and put to secure place it just never leaks online.
For exchange side, best method is to never deposit coins there. Exchanges are there to trade (buy/sell) not to use as crypto wallets. I know earn sections are very mouth watering sometimes but there's no better way other than avoiding to hold your coins there.
I would disagree with this, and been disagreeing with it for a long time as well. I keep saying that people were not to be trusted, you are suggesting hardware wallet, but you are downplaying how stupid regular people are, sure you may not be, or maybe I am not, but there are so many idiots out there in the whole world, there are really a ton of people who are too stupid to have their own hardware wallets and I would not suggest that.

At least if they put it on a trusted exchange, the exchange will keep it safe for them, and that would be a lot better for their funds safety. Otherwise, I know people who got their hardware wallets stolen, and "asked for help" by putting their phrases online as a clue to figure out where it is, no moron like that should own a hardware wallet.
1866  Bitcoin / Bitcoin Discussion / Re: Willing to invest on bitcoin but having some challenges. on: March 02, 2023, 01:48:45 PM
Those who see how bitcoin moves will surely imagine how much profit they will get if they invest in bitcoin or trade. But if they don't want to learn, it won't happen because, to profit from bitcoin, one has to study hard to know how. He should keep investing in bitcoin rather than in tokens or coins that he cannot analyze. But if he already has analytical skills and experience in choosing the coin or token, he can try it and hopefully be able to choose the right coin or token. But for now, investing in bitcoin remains what many people recommend.
Unfortunately there are too many people who do not understand the value of analysis when they are buying something, and many do not even know how to do analysis at all.

This is why I have to say that it is going to suck for a while to be in this situation and I understand that it is not going to be easy to have understanding of how the market works so they need to spend some time studying and many people just want to get rich quick and not want to study, specially during the bull period when everyone around them makes a killing. But, the reality is that you study during bear market and accumulate bitcoin, then when the time comes you could use your knowledge to get richer.
1867  Bitcoin / Bitcoin Discussion / Re: Invest in Bitcoin by selling wife's jewelry on: March 02, 2023, 01:20:16 PM
whether selling my wife's jewelery and investing on bitcoins makes sense?
Well, yes if you believe it is more wise and profitable to invest in Bitcoin than gold jewelries. However, don't forget the risk associated with it. The reason why it is best to not be too hopeful so it won't affect us deeply just incase what we expected didn't happened.
I do not think that it matters if bitcoin is better than jewelry or not, the only question here is that if your wife would kill you or not Cheesy Any married guy would know that if you do something like this, you are taking an insane risk and if things do not look good for you quickly, then it is going to end up being something horrible.

I know a friend who did it, sold all his wife's jewels and bought bitcoin, and luckily he turned it into hundreds of thousands of dollars and got away with it, but even while it was going up, his wife was mad at him for not cashing out already, he had to take on the barrage of attacks to stay and make that kind of profit. It is really not worth the risk if you ask me.
1868  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trusts on: March 02, 2023, 09:40:54 AM
I think we cant say passing yo your inheritance secretly isnt legitimate since Bitcoin is decentralized and not property of government though converting it to fiat might require some taxes so its still a buzz fot being legit.

The better way is to teach your children when they become bigger how to use or unlock it on their own so they knew how to get your money when you died or accidentally gone. Or yet tell someone you trusted like close family member to keep that also and give it to your kids if ever something happened on you.
I think it would be legit as long as you pay the tax for it, it's the not tax paying part that would confuse all the trouble. If you leave your children bitcoin, you could just leave the information with your lawyer, and they are bound by law to protect it, and find some super rich lawyer which would not care about stealing your money, and they could just give it to your children when they die, and then your children could cash it out if they want to.

However, "most" of the time when parents die their children are already 30-40-50 years old, sure there are unfortunate cases where parents die when their children is just a child, but aside from those, it would be smarter to give your kids your wealth when they are younger so they could have a good life.
1869  Bitcoin / Bitcoin Discussion / Re: Bold step to invest my fiat in Bitcoin on: March 02, 2023, 07:26:39 AM
Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up .
Well kudos for getting involved of course, but I do not see the point of this topic. I would say congratulations of course, because finally getting into bitcoin after thinking about it for so long is definitely something to be happy about, there are still so many people out there who are not part of it and that's a shame, everyone should be part of bitcoin so you are definitely ahead of billions of people in the world who never had anything to do with bitcoin so far.

But the topic itself doesn't really make sense, is the purpose to get merit or something? Should we just merit you because you got in finally? Or just say congratz is enough? What's the goal here? Cheesy.
1870  Bitcoin / Bitcoin Discussion / Re: Bitcoin and its power of freedom on: March 01, 2023, 08:44:39 PM
The first impression of btc is that you will get screwed by false people that it is a pyramid scheme. The more you study the net, the more you'll fall in love with it. BTC brings that power of freedom and no totalitarian state is going to take that away! That's my thought today about btc.
Quite interesting to see these topics these days, I can't fully understand why and how these started out, but I am fine with it. Back to freedom part, bitcoin does have a freedom part but I do not care about just the freedom part, it's the decentralized part that matters to me the most.

In fiat world, there is always someone who can freeze your account or cause you headache, the governments, the banks, the companies like paypal, everyone could do it and it sucks and I do not like that. On the other hand, when you are dealing with bitcoin you do not deal with any of this, if it's your money then it's your money and nobody could take it away from you.
1871  Economy / Economics / Re: How is the cost of living in your country? on: March 01, 2023, 02:19:04 PM
When inflation occurs, businesses will also suffer heavy losses, so the possibility of a salary increase is very unlikely. To deal with inflation, with the cost of living rising, do not expect government or company policies to raise wages, instead, find your own way. Finding myself some other source of income, doing more than usual, that's what I'm doing to get through this tough time. I know the government needs to be accountable to the people, but I don't want to sit there waiting for them and do nothing.
I think it is "possible" that the salary will go up, but the purchasing power of it will not. Meaning, if you are making 1000 dollars, and can buy 1000 breads with it, tomorrow your salary could go up to 1100 dollars because of inflation, but then you can buy 950 breads with it because price of bread went up. Now in this case your salary "went up", but as you can see it actually dropped down in purchasing power.

Rest of it I agree with, you should be looking for either an extra income, a good side job that could make you good enough money, or you could what I did, I used to make a lot less, then I found my current job and I am getting paid very well, I am basically rich in my nation.
1872  Economy / Economics / Re: Do you have any financial regrets ? on: March 01, 2023, 01:48:30 PM
I think almost everyone has regrets at some point in their life, especially when it comes to finances. Not buying or selling here or there or investing here or not investing there. Something like that just happens in life and you have to learn to deal with it. As the saying goes, you're always smarter afterwards.

As in your case with the apartment. You may regret your decision today, but who knows what might have happened if you had bought it. Maybe then something bad would have happened and you would regret the purchase.

Therefore, you have to see everything a little more relaxed and should not regret such decisions.  Wink
Oh, the woes of regret! We all carry them, do we not? Whether it's the missed opportunity of investing in Bitcoin or declining the job that could have turned our lives around, we all experience those "what-if" moments. But, truth be told, regrets are an inevitable part of life. We cannot always make the correct choices, and that is alright. After all, "to err is human, to forgive divine." So, instead of ruminating over what could have been, let us concentrate on the present and what it has to offer. In your instance, it is understandable why not purchasing the flat might make you regretful. But what good is it to brood over it? We cannot reverse time and alter the past, so let us look forward to what the future may hold. Maybe something even more excellent is just around the bend!
To be fair my life is pretty good right now, I agree that it would have been awesome if I bought bitcoin earlier, or even kept the bitcoins I had for longer period of time so that I could have profited even more. But none of that changes the fact that I am happy with my life.

Of course bad things happening all the time, plenty of terrible things happened in my life in the past 2 years, but I wouldn't say that it made me sad, I could say that it made me realize how much I love my life and how much I should be grateful for. Bad things shouldn't make you upset, bad things should make you fall in love with life and acknowledge all the good in it.
1873  Economy / Economics / Re: Money is for the important things on: March 01, 2023, 09:18:09 AM

I think health and family come first. However, occasional pleasures are fine as long as they don't compromise our long-term goals and happiness. Materialistic desires like a bigger house or a fancier car may bring short-lived happiness.
But if you don't have money, you don't have health and family. When you have an accident or illness, if you have no money, no one will save you, and no one is willing to donate to help you. And if you don't have money, your relatives, even your wife, won't be able to be with you, and no one will treat you well if you don't have money. Today's society has become pragmatic, everything is measured in money, whoever has money has rights.
That is the unfortunate truth about the world we live in. I do not mean to generalize, of course there are situations where people donate and save someone, or love someone who doesn't have money, or even some people who live healthy lives until 90 years old without having any wealth. These all happen but they are exceptions, and that's why they are pretty rare.

However, if we are talking about the reality, money is the key to life and the more money you have the better life you will have, if you ruin your life even when you have money then it's a bit of your own problem, because money is basically the thing that will make anyone's life better and should be our goal to get as much of it as we can.
1874  Economy / Trading Discussion / Re: Trading season? on: February 28, 2023, 07:44:19 PM
I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
I think there is no such thing as real in the world of trading, indeed there are those who say that when trading in the crypto market the bullish period is the most profitable period and this can be done in spot trading and it can be true because at any price we buy coins in the short period, the price will always go up until the bullish period is over but unfortunately traders cannot know exactly when the market is still bullish or has entered a bearish so traders can still get trapped and experience losses as well
Bull period is also good for investment as well, you could just buy and hold it until the end of bull period and you will end up with a profit in the long run as well, it's not a big achievement to make a profit during bull period, we all do that, even newbies can get lucky enough to have wealth during bull period and that's not achievement.

The real achievement starts when you know how to protect your wealth if you made it, and get out during the right time and manage your money during the bear period. If you 10x your money but then lost it all back again that is not an achievement, but if you made it 10x and kept it there for a year or two? That is actually pretty solid.
1875  Economy / Trading Discussion / Re: Your bitter-sweet experience in trading that you can't get over. on: February 28, 2023, 06:38:30 PM
Sometimes trying by ourselves and activity and finding out we are not good at it is the only way to move forward, if you had not gave yourself a chance to become a trader you will always wonder what it could have happened if you did so, now you know and the results were not pretty, but it is precisely because of that experience you could become a long term holder and now you will obtain massive benefits thanks to your bitcoin holdings.
I think giving yourself the chance to try and learn is also very important for self reflection a bit as well. I did it, and I am not a great trader to be fair, I am a decent one at best and not a great one, but I learned the fact that I have very small patience when it comes to working towards research.

This is how I became a long term investor and doing very well, because I have patience, just not for research, I can buy something and wait for it to go up for decades, but I can't just start researching a coin and its chart and all the indicators for many hours just for a few percent profit, that just takes too long and I don't want to spend time doing that.
1876  Economy / Speculation / Re: What comes next for Bitcoin: $20K or $30K? on: February 28, 2023, 12:46:31 PM
Perhaps, it still can't reach $30k by the end of this month because the price difference is still around $6k-$7k, so it will take a little longer unless there is major support or more positive news that can convince investors to buy bitcoin in large quantities that can move its price to break every high. Maybe the decider will be in the next month because that's the end of Q1 for the year, so maybe the price will start showing massive moves in Q2 or beyond. But let's see how bitcoin moves in the next month while still waiting for the new ATH to be reached.
I must admit that I fail as we are in the end of the month now and yet spiking and holding 25k cannot attain , and also maybe even March isn't enough to break that target , but also I believe that the question is for the whole year and not just this February or the next month.
I think march could be, we have tried it and basically made the cap looser to open next time we tried it. Imagine it this way, you can hit a wall with a hammer once, and it will not fall down, but if you hit the wall with a hammer over a dozen times then it will eventually be just crumbles and nothing more.

This is why I believe that we shouldn't be really focusing on what to do with bitcoins future, because we know what we should, just try to hammer that 25k price as many times as we have to and eventually we will crack above that level without a doubt. I know that it is not going to be easy, but it will happen eventually, maybe we will fail a couple more times but we will eventually pass that level.
1877  Economy / Speculation / Re: Bitcoin - is the bottom in? on: February 28, 2023, 10:05:53 AM
Swinging still .. we got ourselves saved at the $20k line.

The next time the market dropped to the latest and lowest line below $15k or so ... we might get drowned deeper even more than before ... as the next ath will always requires a sacrifice like a freefall into 5 year low to get bounced later in the halving day.
Do you have a stronger basis of reference when saying there must be a sacrifice such as a free fall to a lower price and then bounce back up?
Because if you can figure it out in time, you will get rich quicker by buying Bitcoin at a low price and then selling it at a bull run price. So I also want to know this more precisely so that I can prepare a large amount of buying funds, because previously I thought that Bitcoin could increase without having to make corrections even though corrections are always in the market.
I don't and I disagree with him. I think we do not need to have a freefall type of thing and we shouldn't be really worried about where we will end up, it may not look amazing as of right now, but it's fine and we should be feeling fine about the potential we already have. It's good enough for all of us and it should stay good enough.

At the end of the day, crypto is not really that confusing and we should be basically making a good amount of change whenever we can about the price and right now we are trying to make a change upwards and failed a few times but that doesn't mean that we can't keep trying, as long as people have those hundreds of billions of dollars worth stablecoins, we can keep trying.
1878  Economy / Speculation / Re: Expectations for March?! on: February 28, 2023, 09:28:10 AM
The whole February ride was indeed like a rollercoaster. In the second half of the month, there were repeated attempts to break the $25,000 resistance. It proved to be a solid one. There was rejection every time. But the rejection cannot also give a solid blow because the support at the $23,000 level is also a bit solid. It has been holding strong and even serves as a platform for another attempt.

March could either be a make or break for Bitcoin. It is either $25,000 and beyond or $22,000 and below.
I do not think that we are at that "make or break" level just yet. Even though I believe that we are going to break above 25k during march, I also think that even if we fail to do that, we are not going to suddenly start dumping neither, it is going to be fine and we are going to do fine. We just need to make sure that we could handle all of this in the long run by making the price stable, if we can achieve that then we should be going higher just fine when the time  comes.

However, if we fail to make it stable, then whenever it fails to go up, it will go down like you said and that's not good for us, it takes time to recover from that. We need to try at 25k then go back to 23k and keep doing that.
1879  Economy / Speculation / Re: If history repeats itself: 2023 vs 2019 on: February 28, 2023, 07:44:03 AM
Besides requiring patience, we also have to be able to hold promising coins that can give us future profits. But many people can't be patient and have strong hands holding their bitcoins and waiting until the price increases. So if this year is pretty much the same as 2019 but those people still can't hold their bitcoins until the price goes up, they can't get the desired results. And at a time when the market is still volatile as it is now, it requires more patience and waiting for the market to recover and be able to get another long rally fully.
The saddest part is when people start understanding the value of waiting, but then do it for a shitcoin and lose a lot of money and start considering that as a wrong move. The reality is that holding is great, but if you are holding a shitcoin then the problem is not with the waiting but about picking the right thing, it will end up with a trouble.

However, if you end up with something much better, like bitcoin or ethereum, then holding is actually quite good and should be valuable lesson for sure. I personally believe that the best thing to do is providing people with a good return in the long run with good coins, and for that to work we need to make sure we promote bitcoin and the likes.
1880  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: February 28, 2023, 06:48:42 AM
Also, it appears that the American government is beginning to accept that they cannot ban cryptocoins and the cryptospace. However, they will create strict regulations where it will make it harder for us to buy cryptocoins and where the easiest way to buy them is through illegal services hehe.


According to the details from the meeting, the G-20 presidents’ group received collaborative support from the International Monetary Fund and the US. Speaking to Reuters, Yellen mentioned that there won’t be an outright ban but rather a strong regulatory framework.
It would be silly not to have a regulatory framework to begin with. What did we expected governments to do, just let people do whatever they please? Of course not, the job of the government is to put regulations and rules so that people would follow, without the law, we are no better than the animals.

This is why we end up with such a thing and we will have that framework in order to make it even more legal. This isn't a bad thing, it's in fact a good thing because it means everyone will know what to do with it. Knowing what is legal and what is illegal is a great benefit to investors, you will have absolutely no fear left about what you are doing.
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