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1941  Economy / Economics / Re: Anyone here into passive investing (of their time)? on: February 15, 2023, 08:39:30 PM
A few years ago I got passive income from Google adsense, at that time I had several blogs with good visits so earnings from adsense could be 5x greater than my monthly salary, unfortunately I didn't focus on taking care of the blog and making rankings on search engines go down then it's gone, I made a site since school and about 3 years started to get earning which I think is satisfactory.
What surprised me about your story is why you didn't focus on taking care of your blog properly, even though you have already felt the results and it's also very extraordinary because the results from your Google Adsense blog can beat your own monthly salary. But for some reason you don't take care of it anymore and prefer to look for something else, even though it's clear that everyone is always looking for big income in an easier way so that the focus can be maximized.
I used to have a blog too and I stopped as well and I can tell you my reason, no idea why he stopped but I am guessing it could be a similar reason as well. First of all, it requires a lot of work to keep doing it, even if you end up writing just one post per day, that is a lot of work, and most share multiple posts a day, there are big websites that posts 10 posts a day, you are competing against these people and having even one blog post per day is hard, 10 is near impossible for a single person, if you have multiple websites, calculate how much more posts.

Secondly these other companies and websites spend a lot more on marketing, so you have to spend more as well, and that causes a trouble as well and you can't afford it. So, it becomes near impossible to fight against these giants, and even when you work and spend money, you may end up not getting much in return.
1942  Economy / Trading Discussion / Re: The 4 trading fears and how to overcome them on: February 15, 2023, 06:29:20 PM
Do you think that experienced traders are not prone to fear? I guess they'll make a lot of mistakes if so. Big fear is a foe which prevents earning, but no fear is a foe also: you can become careless and lose everything if you think that you are experienced enough to be sure in the market trends. Balance is a virtue... and how hard to find it! Grin
This, the goal should not be to somehow not feel any emotion while we trade, an impossibility as no matter what kind of training you undergo as a trader your emotions will always be there, but to control them and to make the most out of them.

If the price crashes and you feel some fear out of this downward movement then you can be sure there are many other traders feeling way more fear, once you realize this is easy to take the correct decision as instead of selling you will realize the right movement to make will be to buy instead.
I agree that it is not really about having zero emotions, it is about not to care about your emotions and ignore them when you are trading. Are you afraid? Will you trade based on your fear or will you ignore the fear? That is all that matters, if you can do that then emotions you feel do not matter at all, they are not part of the calculation.

However, if you let your emotions run through you and you end up working hard for it, then I would say it could ruin everything you have worked for and you would make a big loss, I would suggest highly against that as much as possible and it would be a lot better if you could completely ignore them.
1943  Economy / Trading Discussion / Re: When to sell bitcoin before the next bear market starts? on: February 15, 2023, 05:22:31 PM
I won't hesitate to sell my Bitcoin when seeing the price is high OP. As long as I was in profit already, selling is certainly at the right time but because we are aiming high, that is why we are preferred selling them during the bull season. Unfortunately, that is the thing that we never know but constant price monitoring saves us from not missing it unless we are too greedy to wait for more which might lead us to miss the opportunity as well.
Basically it should be in a way that you should be still proud of what you have if it goes up. Like for example lets say you invested 20k and bought a bitcoin, then it went to 40k, you could sell half of it, get your money out, so you won't be losing anything at all, rest could do whatever it wants, go up or down or whatever and you should be still keeping it.

That way, not only you are protecting yourself from a future loss, but you are also making sure that you could profit from going even further up, like if it does another 2x on top of that, which is possible, you still have 40k invested and yet your 20k is out which would be pretty sweet.
1944  Alternate cryptocurrencies / Altcoin Discussion / Re: BNB & BUSD Under Attack on: February 15, 2023, 03:39:51 PM
There is not such a thing as too big too fail, Lehman Brothers one of the largest investments banks and which existed for more than 170 years disappeared in a matter of weeks and it was the direct cause of the crisis we suffered during 2008.

I do not have the numbers but I would guess it was bigger than binance and it still disappeared, so thinking that just because binance is the biggest exchange on this market nothing can happen to it is a huge mistake.
To be fair, Lehman Brothers bankrupted itself, but others picked up what they had and continued. Even the building they worked in got sold, and their names and offices and business' that they had, all of that was sold to others and that money was used to pay off the people they had debts to, and that means only Lehman Brothers got screwed because of this.

They did it unto themselves, a big attack could always result with some companies bankrupting because they do not have enough income to pay off their debts, which means they weren't ready for a bad situation. I believe we do not have that right now, Binance is good, and they do not have to worry about this attack at all.
1945  Bitcoin / Bitcoin Discussion / Re: Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO on: February 15, 2023, 12:24:51 PM
Bitcoin may not be physical but that's why I mentioned NFTs (or even altcoins like Shiba Inu). These were stuff you talked about and showed off that you got, I seen it on TV talkshows and even on radio. People talk about them like they talk about their latest vacation or their latest bling. It's actually quite a good comparison as you say, a status symbol.

Without needing to see it, people already imagine these things and "admire" the people who own them.

Bitcoin, for better or for worse, will never be that status symbol. If you talk about it on a TV talkshow or on radio, people will generally view you as scammer or con artist or crazy. Plus, people who talk about Bitcoin usually don't even talk about the latest upgrade or tech or whatever. Always about x10 POTENTIAL lol.
Admire people who own NFT's? What is this 2021? I think people mock others who own NFT's at this point because it makes no sense. I understand sidechains, not bitcoin getting forked or anything, but we have one chain that is segwit which gets a bulk load right now and we need to have a few layers on there to make sure that it works better, and that is understandable.

But aside from that, I do not think that it should be that complicated for bitcoin to go up, it is a good project and everyone trusts it and from people who have 10 dollars to people who have 10 billion dollars, they all want to be part of it so I think it shouldn't be hard for it to reach 10 million eventually.
1946  Bitcoin / Bitcoin Discussion / Re: Anyone else getting deflated with the bitcoin naysayers? on: February 15, 2023, 11:23:58 AM
For those who have no knowledge of bitcoin, it is useless to talk about the supply, what they need is faith in bitcoin. To this day, bitcoin is still rejected by people simply because the government, the government is still the most influential authority, once they don't accept bitcoin, getting people to believe in it is tough. Suppose if the US government and other major powers simultaneously declare bitcoin as a better asset than gold, we will immediately see people's acceptance increase rapidly.
Trying to explain bitcoin to someone is a waste of time, try to show them what we get for investing in bitcoin instead, that's the best way.
That is true but that is not going to happen at all, we are not going to see governments say that bitcoin is better than gold. What we could see however is governments end up saying bitcoin is good, not say better than gold but saying it is good. If that ever happens I agree that what you said may happen and I am rooting for that right now.

Look at El Salvador, they basically said bitcoin is awesome, and if something even remotely close happens with bitcoin as well, then we are going to see it do so much better. We just need to have a situation where we trust bitcoin and its future and that would be a lot better for all of us at the same time.
1947  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 15, 2023, 10:38:21 AM
If you rely on "Bitcoin" to put food on the table, you are invested in the wrong technology. Bitcoin as an investment is not effective as a short term investment, because it is better suited as a long-term investment.

There are potential for huge profits in the long run, but people that are living from hand to mouth, do not have the luxury to wait for 3 or 5 years for those investments to pay off.  Roll Eyes

If you want to put food on the table .... go out and look for a job or do something with your hands and sell that, if you can. Then take a very small percentage of that and buy bitcoins... it might pay off in the future.
You are considering bitcoin as just an investment, but you should realize that it is also currency. Let me explain as the most known thing here; signature campaigns. With them you get paid in bitcoin right?

Of course you do not get paid a ton, and it is around 80 to 100 dollars a week, and that is at max 400 dollars a month, and that is not enough for majority of the world outside of just few poor nations, none of us could live with that, but it is there, so it shows that there is a chance you could work and earn it. I believe that if we can do this, then there are other jobs and bitcoin could put food on your table, and that is the best thing about it.
1948  Economy / Speculation / Re: what now ? on: February 14, 2023, 02:25:20 PM
I can't tell if the bottom is actually done because the market is always unpredictable so I believe there's still a chance that the bottom would hit next time perhaps next year or so. But to think that $30k would be just around the corner is surprising because I didn't think $30k will be showing again if there's no bull market. But it might be possible though since the market is always unpredictable so it would makes sense if we'll be able to break that strong resistance. Perhaps, with this slow recovery and a pull back and grow up back and forth of the price we might going to see that $30k soon.
Just try to believe mate , if you are a bitcoin supporter and investor? then you must have faith that we already have the bottom last year and now we are seeking for a concrete increase that had been denied  since last year.
maybe we will not reaching bull market but at least we will not fail more than that .so holding at least 20k above this whole year is more than enough for me to believe how much i will care for my holding and buying more.
I agree and I am a bitcoin supporter and I believe that is exactly the situation we are in right now. I know not many people agree with me, but I believe that we shouldn't be shocked to see it go up a lot more. I know it looked a bit weaker recently after that increase, everyone expected it to be a lot higher and when it didn't moved that much higher many people were disappointed about it, but I think it is quite understandable why people didn't trust it that much and why they did not see it go up.

Not enough people believed in the bull run, and even though we are still 21k+ which is 5k+ more than the bottom, there are still many who do not trust the increase, and that's an issue.
1949  Economy / Speculation / Re: why Bitcoin Dumping ? on: February 14, 2023, 01:25:51 PM
The news lately that has been making headlines is now BUSD is considered an unregistered security by the SEC. Now how they came up with that I wouldn’t understand. We had USDT for years and they never considered it a security but now all of a sudden they are going after Binance. Before this it was kraken getting sued for the staking  being considered an unregistered security.

However FTX went completely under the radar and those other companies which commited fraud. I will never understand how SEC think. So far Bitcoin is holding up to this news. Most will convert to Tether and move on.
I think USDT is considered a "security" if they were as business as Binance, the difference is that USDT is not a company based out of USA, but binance.us is, and they are owned by Binance, and they control the whole of BUSD, not the same thing.

Obviously still terrible that they could make it like that, and I think they are basically saying "if we can't control you, we will punish you" and nothing more, and CZ knows this and will move towards more VPN side and not really care about what they say, because freedom to do whatever you want instead of doing what government wants will be a better profit maker for them. This is why they do not look worried about this at all.
1950  Economy / Trading Discussion / Re: How I made my first $2000 through stock marketing on: February 14, 2023, 09:50:50 AM
You’re into stocks, forex and crypto? Since these are all different market though have the same trading rules.

Well, you’re not the only one who don’t believe with Bitcoin at first but the moment they start earning crypto, they will realize that they are wrong and they are starting to explore this market. If you already made profit from your Bitcoin activities, then its good for you try to learn more and you’ll see a lot of opportunities here.
How can we earn a crypto if we don't believe at it? But, to be able to earn we must believe on it first because this was the only way for us to buy and hodl them. The OP is not into forex but he only applied what he learned to it and it work. Well, that's no surprise because like you said all of them have the same rules and that is to buy low and sell high.

Since the OP just learned forex, why can't he just try it as well right? Because even though they have the same rules, their market is still different from each other. what I know is that stocks and forex market are more stable but crypto market is highly volatile. It's much riskier in short so it would be better to diversify to cut the risk.
1951  Economy / Trading Discussion / Re: Why are there sometimes big difference between spot trading and futures? on: February 14, 2023, 05:41:30 AM
Is it legal to buy tons of coins on Binance, withdraw, deposit on Coinbase and immediately sell the coins, then buy USDT and withdraw on Binance again?
It is legal but subject to your daily/weekly/monthly withdraw or deposit limits. All the above, if you do like you have mentioned, did you calculate how long such price differences will exist? In most cases, if you buy/sell in large quantity then prices in both the exchanges will converge as early as possible. When the price gap is not significant or not enough for covering for the fees to pay for placing orders (buy and sell), withdrawing from an exchange and network tx fees then there will be no point of planning for buying in one exchange and selling in other exchange in larger quantity.

When something like this is not feasible in large quantity, most people do not like to go for it in even in small quality as well due to the hassles involved in moving funds from one exchange to another. Probably you may try for it in small quantity if you have funds initially in both of the exchanges initially (to save time by not waiting for network confirmation before gaps disappear) and if you are KYC verified (for ensuring not getting locked while withdrawing).
1952  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins to HODL on: February 12, 2023, 01:09:02 PM
I'm seeing the OP wanted to take more risk, meme coins for one might give him a big profit in the future. But for use who have seen the market before, ETH/ADA/BNB might be good choice, instead of looking for that one big altcoins to invest, so it's either a big win for him or a fat L.

Nevertheless, we can still invest and profit by riding the hype train on AI projects. There are a lot of them right now, it's just a matter on picking the right project before the next bull run. P2E might be another niche as well, but not sure how big it will be, project like AXS has made it's run on the previous bull run. But who knows, maybe they are still going to be hot pancakes 2024/25.
Or maybe he is just bad at picking an altcoin? Those coins are not risky before but maybe they are now today since their hype have gone and then there are so many negative impressions about them. If we want a big profit in the future then it's not an altcoin that can give it to us because we are not sure about their future but the ones that can full it is Bitcoin.

Sure, there are big alts like ETH which can also last longer but I am sceptical if it will pumped high as Bitcoin especially now that it had gone bad due to its latest transition from POW to POS. We are now close to the Bitcoin bull run so there is no need to ride the hypes of other coins and take big risks.
1953  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: February 11, 2023, 12:38:23 PM
Although there are so many accusations and FUD about USDT to be a scam, failed project, and also a risky stable coin, in fact, so far, this becomes most used stable coins in the crypto market. We cannot deny how this coin always existed in the exchanges, always having bigger pairs so that we can meet easier pairing in trading. And so far, I have no problem with the issues. As long as we are also analyzing and watching the progress of the stable coin possibilities, I think it is still fair to use this as a favorite stable coin. But once more, always watch out.
Most used doesn't always mean it's trustworthy and has no way become a dead coin, anyone which still use USDT are have risk if the SEC want to audit and regulate this coin. The reason why all of centralized exchanges are add USDT because it's the most used stable coin and high volume, if in the future DAI or USDC overtake USDT, every centralized exchange's eyes will look into DAI and USDC, not USDT.

When there's a big problem on USDT, you're already late to convert your USDT to other coin. If you think USDT isn't trusted, what's the point for holding it and watching it everyday?
We have seen so many "most used" before that went down. BCH for example was a top 5, even a top three at some point coin, look where it is now. USDT could be most used as of right now, but that doesn't change the fact that it is both losing attention towards others now, and people are fearing stablecoins a lot more now.

Combine those two and you will see that USDT and all the other stablecoins will lose some attention in the near future and we shouldn't be really trusting them. I personally do not trust them and I am not planning on trusting them in the future neither. If something is not decentralized, it doesn't worth investing into if you ask me.
1954  Economy / Economics / Re: I don't see this changing anytime soon on: February 11, 2023, 11:39:59 AM
What happen to FTX is just an isolated case and it just happen to them only, not the entire market. Of course, trust can be somehow affected by other CEX exchanges as they also think of the same scenario which is a very common thing to happen. But this kind of thinking won't stay long, TRUST will get back and that is why many people are still using centralized exchanges this time. I really don't think there is a huge change in the future of CEX but people will remain using these platforms as long as they are satisfied with their services.
I agree that it was isolated, and not the whole market, but we shouldn't say there are no others neither, there are some which could be considered doing something like this.

FTX bankrupted, and they basically "stole" everyone's money, they didn't really steal it but used it without consent, but not for like buying villas and super cars or something, they used it to grow the business and invest in other things, so they could make more profit, but in reality they didn't make any profit and when people wanted to withdraw, they couldn't. Long story short, this type of thing happened before and will happen again, it is not the whole market, but it is not rare neither unfortunately.
1955  Economy / Economics / Re: The fear of global recession is real or just a speculation? on: February 11, 2023, 11:05:24 AM
If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.
I could agree with you about the fact that iPhone is definitely loved by many, but one of the other reasons for this is that there are other competitions which are getting better. Samsung is a great phone brand right now that already does so many things better than an iphone does, they have phones which are both at high end, but also phones that are brand new and yet cheap.

That allows people to not spend a lot of money, if I want to buy a brand new iphone 14, I would have to spend three times more than what a cheap samsung would be and I rather not spend that, but if I want to  spend a lot, there are better samsung phones than iphone 14 as well. That plays a role in the drop of the sales.
1956  Economy / Gambling discussion / Re: Pakistan Super League #PSL Discussion Thread on: February 11, 2023, 09:14:09 AM
The eight season of PSL is scheduled for 13th February with the match between Multan Sultans and Lahore Qalandars. The league have grown in a slow and steady way. Compared to the old days, slowly PSL is getting visibility around and people away from Pakistan too begun to watch it. PSL authorities have done good scheduling before the IPL which is good than mixing up between leagues same as that happened recently with BBL, BPL and SA20
At least something positive happening for the Pakistan cricket even things are not solid like we have in other leagues due to security reasons but they are still going to play 8th edition of PSL after few days and few foreign players also will be involving in this which is not bad at all with this all they are currently considered in top five leagues which is also good.

If Pakistan is having some better economical and political stability then surely this league can go above up to second spot after IPL because after India, Pakistan is second populated country in cricketing world with 220 Million population, and they have good fan-base in the Middle East and UK which is helpful for having good viewership for this league, yeah hopefully things could be better in the near future.
1957  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: February 10, 2023, 09:20:21 PM
The only match I am interested in watching is on the 12th of this month. South Africa is far better as a team than Srilanka. They are also one of the world cup's favorites as the world cup is being played in South Africa, home ground advantage cannot be ruled out. The other three teams to watch out for in this tournament are Australia, England, Newzealand, and India. 
There is no doubt about South African quality and home advantage specially after beating India in TRI series few days back but today Sri Lankan women's stun the cricketing world and win their first match in ICC Women's T20 World Cup by just 3 runs as South African's were chasing 130 runs targets were not able to do this and have 126 for 9 wickets with this performance they lost inaugural match of this world cup and now have no chance for the qualifying to semifinal as we have New Zealand and Australians in this group as well.

After winning toss South African women's decide to bowl first which was good decision as their bowlers not allowed Sri Lankan women's to score freely, and they are able to score on 129 runs with the lost of 4 wickets Captain Chamari Athapaththu leads from front and score 68 runs on just 50 balls with the help of 12 fours in reply South African batsmen lost regularly their wickets and at the end not able to achieve this target and lost this first match by 3 runs.
1958  Bitcoin / Bitcoin Discussion / Re: The future of CEX and no privacy world, will you still become an anonymous? on: February 10, 2023, 08:51:11 PM
The truth is that, in as much as we all advocate for a decentralized crypto ecosystem, we all at some point will still make use of centralized services, and it doesn't matter whether they ask for KYC verification or not, most would try to pass it as long as doing so would allow them carry out or enjoy whatever services they want to.
I am also not against centralized services, and neither am i against decentralized services as well, I choose and use which is best for whatever service I need at that time in particular , for example, it could be selling or buying of coin that is not listed on any decentralized exchange, in this kind of situation, I am happy passing kyc verification on a centralized exchange as long as doing this will allow me buy or sell the coin of my choice.
I agree to this a lot, I know that I will be able to use decentralized methods as much as I could, but there will be some time when I will be forced to use CEX one way or another. The most common of this is turning my fiat into bitcoin or turning my bitcoin into fiat.

We haven't figured out a way to make that decentralized, and it would be followed by governments anyway, they will know. This is why it could never be 100% anonymous for me, there could be some people who could try to achieve that, but I won't be one of those people and millions of crypto users are just like me. It's fine though, it's not really the point for me, I don't need anonymous, I need decentralized bitcoin with no government controlling it.
1959  Alternate cryptocurrencies / Altcoin Discussion / Re: How does regulation affect the future of cryptocurrency? on: February 10, 2023, 06:42:32 PM
When the government left their primary role of supervising and regulating the cryptocurrency space and becoming an opposition to Cryptocurrency it clear that we may not have a good inter-relationship between cryptocurrency and the government of most countries.
-While we have some countries who are aware pf the role and allowing free cryptocurrency development within their region along the regulatory framework and licensing of cryptocurrency services.
-Others have a ban or restriction which has hampered the growth and development of the cryptocurrency market within their region.
-While we are at that the global economic crisis has played a vital role in putting Cryptocurrency on the frontline to becoming the future of money and assets.
I think that's not really true for many nations as of right now, there are many nations which are either very pro-crypto, such as El Salvador, or there are some nations that just have rules in place enough to make it work like USA, sure they do not have all the needed laws yet, but they have some laws and regulations which allows companies like Coinbase and Kraken to be there.

I believe that the best thing to do right now is to keep it going as it is to make sure it keeps growing. Bitcoin growing is not the point, companies that are related to bitcoin growing is the point, if Coinbase becomes bigger, that can only help Americans and they should aim at that.
1960  Alternate cryptocurrencies / Altcoin Discussion / Re: Favourite MEME COINS? on: February 10, 2023, 06:14:02 PM
I was always a gem seeker, you know how it is with this low mcaps. They are x100, ×1000 or zero.
Since many years I invested in many coins, started with BTC and ETH like all of us and then some meme coins went with booming profits! Like Shiba and Doge for example.
The worthiest investment will be in Bitcoin and it is quite safer than altcoins for the preparation of the bullish era. But sometimes, I found some people who are seeking gems of altcoins that can rise up hundreds of percentages until the bullish era. But the question is, will it be the meme coins again? For, I do think that the meme coin era has ended, like what happened to DeFi, so I think that the next bullish season will not be for this kind of altcoin. Although as long as I know, investing in this kind of coin, whatever the name, gems, or shit coins is very risky and riskier than investing in top altcoins. this tends to be more gambling than investing.
That is something so simple and yet so difficult for some people. Bitcoin is by far the safest and best option that anyone has, and I do see those people who make 100x profits and all that, but that doesn't change the fact that it is incredibly rare, why risk it. I think it's much better if we could just focus on making money the way we know how, which is bitcoin, you could add ETH to that as well if you want but that's it.

I do not think that chasing that 100x from the "gems" in altcoin world is a smart decision, it would be very difficult to find, and there is a likely chance that you could buy a shit meme token that will go to zero very quickly.
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