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1961  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay? on: February 10, 2023, 03:18:42 PM
Sometimes I find myself being added to Telegram groups where they are doing bounty campaigns for new coins but at the end of the day, people will start complaining that the project is dead. In most cases I exited from the groups immediately I find myself there because I feel they are prone to defrauding people.
This makes me to wonder if bounties really pay.
In most cases, they don't, they'll just give you a bunch of shit coins stuck in your wallet, like forever. Roll Eyes

But most trusted manager that's handling bounty camps do give a legit pay, it's either you have to accept the payment before or after the campaign is done. It does work in the past though, but I don't know now since those previous manager isn't handling altcoins nowadays. You just have to risk and do your own research if you want to try it though but make sure that the manager handling is a reputable one in this forum.
That is true, there are a lot of legit managers who will ask for the money beforehand, and that means if they take like 4 weeks of pay, then they will be capable of simply just working towards making sure that they could end up with 1 month of work for sure, without any doubt, because it's already paid, or at least in escrow.

On the other hand, if we are talking about a situation where it's just tokens that these projects created? That will always be not liked so much and that will be an issue, because you could work hard for them and end up with absolutely nothing, that is a very important deal and you should avoid those type of bounties if you can.
1962  Economy / Trading Discussion / Re: who would you trust? on: February 10, 2023, 12:05:41 PM
Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
Which one do you think is the right person to approach;
 a trader with long experience in trading or a trader that is just a few days in the market?  I think it was not hard to answer and of course, we choose those who are capable enough to teach us. Though we can say the market is changing and also strategies might not effective anymore. However, we can't hide the fact that experienced trader has the ability to adapt to the market situation which can also teach us and give us some ideas.
Experienced trader could always adjust their strategy based on the market and the developments, a newbie is there to just learn and while they are learning, how could they become better than the experienced one? Just because new one is following the trends is not enough of a reason to keep up with the experienced one.

I understand that some people will look at the current situation and imagine that it would be much better if you are following the trends, but it is better to be experienced and know everything, because that allows you to go with the flow of the market and learn new things a lot easier. I personally would pick the experienced one as well.
1963  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: February 10, 2023, 10:26:34 AM
If you're going to be a "victim" of one, let it be HODLING, not gambling or "trading", especially day-trading. Both of trading and gambling are the same in that your body wants to be "rewarded" through a dopamine rush that's released in your brain whenever you profit. The problem, each rush to have the same effect requires more dopamine, and that makes you gamble/take risks more and more, bigger and bigger. Because we're mere plebs who are under-capitalized most of the time, we risk and lose everything to the market. "Control" is hard to do, just HODL your coins in cold storage.
I agree, at least with trading there is a chance that you could make a profit, with gambling there is no chance that you could make a profit. I think it is even more than just about dopamine, it is about the fact that if you want to do something, isn't it better to do something that is a lot more fair towards you?

I believe that if you spend time and money on gambling, you will get that dopamine rush but you are doing something that is 100% guaranteed to make you lose money, but if you trade then there is a chance that you could lose money again but at least there is a chance that you could make a profit as well, that is a much better solution to everything.
1964  Economy / Trading Discussion / Re: Anyone out there doing money by trading? How? on: February 10, 2023, 09:12:50 AM
There are so many people who bought at a high price, and when they saw the price going down they ended up selling it. Why though? Like why did you buy at high is a question that they need to answer themselves, but that's fine because sometimes you buy at the wrong time. But why do they sell at a lower price? That never made any sense to me at all because you could have waited for it to recover and that would have made you so much more money.
They think that they made a mistake buying at that price and since it is going down they could either sell at loss or short sell. The second option is usually nonexistant because after selling at a loss they are supposed to buy at lower price to complete the short sell, instead they become hesitant and dont engage the trade at all.

Often this is done by those who are looking for quick gain on the crypto market so they just bought at whatever price they could see, who dont have any long term goal.
Unfortunately those who end up buying at the top, near 24k levels, looking to sell now that it is low, and the sad thing is that, after they sell, it will probably go back up again. And they will think "as soon as I bought, it dropped, and as soon as I sold, it went up, I am so unlucky" and not realize that they are just newbies.

If you think that price dropped right after you bought or went up right after you sold, then it means you are a newbie who made a mistake. You should have bought when it was going down, if you bought after it went up, you should have realized that it could go down, and if it is going down, that means it will eventually go up, so if you sell without waiting, you will lose there too.
1965  Economy / Trading Discussion / Re: What are your thoughts on revenge trading? on: February 09, 2023, 09:15:05 PM
Compulsive stock market investment is now a new disease included in the DSM and henceforth we must make people who are prone to develop such compulsions aware of the same that this is a problem and they need to stop before they burn themselves out.

Point is that either type of compulsive actions are destructive, be it in gambling or trading or shopping or eating etc. However this compulsion comes as a counter mechanism to another obsession. Truly this revenge trading is a problem if someone is doing it regularly. Trading must be done with patience and research, waiting for the low price, pouncing on that and waiting till the high is reached to sell. Only then it an organized execution yielding the maximum possible profit.
That is actually a very serious one, considering how easy it became to be a retail investor and you do not need some broker in wall street to do it for you, there are a lot of people who download apps on their phone and trade stocks there. This results with plenty of people who have absolutely no idea how they can trade, end up trying to make money from it.

There are some small few cases which it worked, retail investor vs big hedge funds in like Gamestop stock being pushed to limits. But usually that results with retail investors like you and me losing money. It is not "too" different in crypto neither, there are top guys who make money, and panic sellers who lose.
1966  Economy / Speculation / Re: Do you consider spreading FUD to be unethical? on: February 09, 2023, 05:30:20 PM
Maybe in the eyes of the majority here in the cryptocurrency community, the spread of Fud is not good, but if you look at it from a different angle, you can also see and measure the extent of your knowledge in this industry.

     This is also where we can find out for ourselves whether our knowledge is deep or shallow. And you will also see the different opinions and views of others which one you think is right or wrong.
I think people are just focusing too much on "fake" fud spreading and that is why they are so sure about the situation and why they think it is bad.

The reality is that we are talking about a situation that is much worse and there are situations where it is just people who think that it is actually dropping and that's why they are telling it, which is definitely not an easy thing to say because we don't really know if it will go up or not, but the reality is that we are just unsure about it. That is why I believe that we shouldn't be shocked about it and just accept that FUD is not done for a fake fear type of thing all the time, sometimes it's real.
1967  Bitcoin / Bitcoin Discussion / Re: Do small e-commerce businesses are scared of accepting crypto payments? on: February 09, 2023, 01:28:43 PM
I'd say businesses in general are still not ready for adoption yet simply because prices are still fiat based and doing so will just yield to loss. Most of the people here in this industry are using Bitcoin more of an asset to maximize its characteristic of being volatile. Only few people are probably using Bitcoin and other cryptocurrencies as a mode of payment and they are more likely huge businesses or individuals having huge transactions while trying to avoid taxes cross countries. It is not a bad thing if small and big businesses are still in doubt of this technology. Someday as development occurs,  hopefully, more places would recognize the potential of this industry.
I would say there are software that you can use which adjust bitcoin price according to whatever fiat price it was. If you are selling something for 99 dollars, then the software will make sure it charges people whatever 99 dollar worths in bitcoin, whenever price of bitcoin changes, the price people will pay changes.

On top of that, you could ask for usdt or busd, which means that you are going to get paid in bitcoin, or hundreds of any other coin and that's great, but at the end of the day we are going to end up stable coin in our account automatically, that is what these software are capable of doing and if you are in e-commerce then you could use them.
1968  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: February 09, 2023, 11:49:32 AM
It's not crazy from their perspective. They've been cut off from world trade because anyone who trades with them is almost possibly going to incur the wrath of trade sanctions from some of the richest countries in the world. A multi million dollar cost is a pittance if it allowed them to open up a new trade route that could result in hundreds of millions, billions or ultimately trillions worth of trade. Unfortunately they both suffer from a huge deficit of trust, even between themselves, that bills will ultimately get settled or that their wider economy is well managed not to implode. That is the underlying problem that a cryptocurrency will not solve, the same incompetent people are still in charge and don't want to change.
I agree that it is something that makes sense for them to build it, but that doesn't change the fact that it will become a trouble to use these stablecoins as well, if you are a company that can't deal with Russia or Iran because you are afraid of the sanctions, you can't start trading with them just because there is a stable coin neither, if it was a wrong thing to do or something you were afraid of doing, it will stay being something that you are afraid of and that won't change, it will be something that you will keep fearing anyway.

That's at least something we should be aware of and that's why this shouldn't be created or even if it was, there shouldn't be much hope for it.
1969  Economy / Economics / Re: Saving is Wasting? on: February 09, 2023, 10:48:32 AM
Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work.
I agree that your investment should not be your income, that is not going to be anything that would give you a good return. In that situation you will need short term results and if you can't get it then it is going to be a terrible situation for you. However, if you could end up with a good long term plan that you do not mess with? That should be something that could actually work for you and it could give you a better result and will give you a great return over course of long time.

I am planning my retirement with bitcoin, not many people use crypto for retirement, they use it for getting rich as soon as possible, but they do not realize this is their amazing and very profitable retirement plan.
1970  Economy / Economics / Re: A steady source of income is a man's bottom line to support his family on: February 09, 2023, 07:26:50 AM
The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time.
It is even because of that bolded part that your friend should take the job. I am talking from a personal experience here, my wife did not need any surgery but I too turned down job offers because I mostly thought they were not willing to pay me what is desirable based on my previous jobs and experience and it was a difficult time caring for the family. I believe you should advise him like someone also mentioned earlier, it is better to take small than not to have at all.
I agree, it is important to take the smaller but guaranteed one for now, but it is also important to make sure that you have a place to grow. I think that is why I love my job, I could make this much money, but I could make more as well, depending on how life turns out.

Sometimes I feel like there is ALWAYS something going on in my life, sometimes it's not just me but like disasters and pandemic, sometimes it's just me like sickness and all, but there is always something. So if you could make sure that you could make some sort of money no matter where you are, then you will be doing fine and that is the important part, find something but also keep on looking for something bigger.
1971  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 08, 2023, 05:46:21 PM
Lol this pitch giving nightmares to Australian media and fans. They already started saying that this is an unfair pitch as the Australian team has 5 left-handers in their top 7 lmao.
I have feeling Aussies are playing mind games as this is their usual business specially while they are going to visit England or India as right now these two teams are well settled and have ability to beat them at any venue, so their media is also giving them good coverage for this hype which is not going to help them for having any positive impact from this all because things looking good and most chances both teams batters will struggle here even Aussies are without any quality spinners, but things can go into any teams way.

No doubt everyone loves this hype about cricket from Aussies as they are on big tour and most chances they are going to lose BGT fourth time in a row which is also humiliated for them.
1972  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Polygon (MATIC) to $20? on: February 08, 2023, 03:54:41 PM
Well bitcoin is also in that high for the last couple of weeks and also ethereum has this so it means this is not new to expect because Matic is a good and potential coins that of course I also trust.
so lets see what comes next for this coin as we as Polygon supporters? may not expect that high but at least to see it go above 5$.
BTC and ETH isn’t comparable with Matic because both of these coins position is number 1 & 2 in crypto market. Today Matic hit 1.26$ i think which is a new ATH in the last a few months. Yeah, i don’t expect 20$ but i of course hoping that it can be hit at least $5 in the next bull run.
No, he didn't compare that two big coins to Matic but he was only saying that these two coins are also rising and we know what can happen when these two giants rose. Yes that's right, other coins can follow up as well, and the reason why Matic's percentage gain looks higher is because matic is much smaller but we shouldn't only focus on the gain. When matic or other smaller coins dump, their dumps are also huge.

Anyway, That's great if matic is the first to hit its ATH. That is still commendable even if it can not reach 20 dollars for now or on the next few months/years. $20 for Matic might still take time and its devs will need to improve their coin more.
1973  Alternate cryptocurrencies / Altcoin Discussion / Re: Fake paid promotions on Twitter on: February 08, 2023, 09:19:24 AM
Here is one example of kind of string operation done

https://twitter.com/coffeebreak_YT/status/1621581040539033603?t=Vy7hWZYrxK4mob8EeFMeHw&s=19

It amplifies the need for investors to do their complete research before investing in newly launched projects. Even the person you had been admiring or following on social media platforms can be just promoting a scam. So apply some common sense next time instead of blindly following the expert financial advice of these gurus. Another platform, where this abuse frequently happens is YouTube where creators promote number of fake projects.
I don't understand. Is it not a widely known fact that Tik-tok, instagram, youtube and Twitter influencers are getting paid for tweeting?
I am not sure if i am more surprised about the fact that his promotions are so cheap or that anyone listens financial advices from someone whose job is to be choked, kicked and hit in the head.
"Must be a financial genius. Take my money!"
It is common knowledge at this point, people who think that they unearth some amazing new information are people who have been here for not so long or people who have been here long enough but want to warn newbies.

Because if you are not a newbie, you know the fact that people get paid for these things, hell Kim Kardashian was just punished for exactly this recently and it is definitely a bad situation because it means there are so many people who gets paid for these things. In any case, I believe that we shouldn't be really worried about it at all and we should be focusing on something much better which is the fact that you could make a profit yourself, without needing these people.
1974  Economy / Economics / Re: The journey of Bitcoin. on: February 07, 2023, 09:52:02 PM
bitcoin is an investment that will be very profitable for anyone, and if more and more investors are looking at bitcoin as their long-term investment asset, you can be sure that the price of bitcoin will boom. the formula is very simple, the more bitcoins are sought, the rarer they are, and the rarer bitcoin, the value goes up.
Are you sure about this formula? by looking for Bitcoin all prices will go back up and you don't think about how much the transaction fee will be every time you buy and sell Bitcoin in the crypto world. I think more factors that make changes in the price of each virtual currency at this time. I'm more waiting for the price of Bitcoin to decrease very far to be able to buy in large quantities.
I think it's definitely the right formula, after all if you keep buying and everyone keeps buying and nobody is willing to sell it cheap, then it must go up. I agree that there are some costs involved, but that doesn't mean that it will be as high as the buyers, the moment we are talking about is billions bought and not sold, that's how it goes up.

Long term is the way to go if you want the best for bitcoin and for yourself, if you buy and not sell for years and if enough people do so, then the price of bitcoin will go up. This is not happening right now of course, or at least not happening in general, just few of us, but that is the path to having bitcoin higher.
1975  Economy / Economics / Re: Is bitcoin inflation wilder than fiat? on: February 07, 2023, 09:29:22 PM
The second country which accept Bitcoin as legal tender is Central African Republic, Panama is just friendly to Bitcoin, they have a plan to legalize Bitcoin but the president reject it [1]. There are a lot countries which want to legalizing Bitcoin as legal tender, the strong contenders are: Venezuela, Paraguay and Anguilla.
I don't know what they're afraid to take the time to make a decision. Libya plans to create a single African currency because use gold where USA don't have much. If bitcoin, we know USA is 1 the most bitcoin holder in the world, they'll just agree if Venezuela, Paraguay and Anguilla use it for currency.
I think those smaller nations with not so great economy should turn to legal tender crypto so that they could end up with a lot more money in the country. Not only they would be able to tell their citizens to go make money that way, but they would be able to actually do something about it as well. That way they could tax the people in bitcoin, and use that to keep it in the books and that way treasury would grow whenever bitcoin goes up.

I get that when it goes down that looks bad, but nations do not need to cash out too quickly anyway, so they could just keep holding longer than any other person, in fact they could never cash out and just keep holding it forever.
1976  Bitcoin / Bitcoin Discussion / Re: Any new development in bitcoin since it existence? on: February 07, 2023, 08:21:32 PM
Bitcoin is obviously a very active open source project. So yes, as other have said, it is being worked on all the time and has gone through several major upgrades over the past decade since it became a more mature project and more stable.

It's not like Ethereum or altcoins where a company is in charge and can make any changes they want and they constantly hard fork it for upgrades and everyone just has to go along with it. Bitcoin is decentralized so it is a slower and safer process because it is so much more important to do everything right and with community consensus because Bitcoin is so much larger and more important than any other cryptocurrency. Bitcoin is the one cryptocurrency that can't be replaced if its development were somehow screwed up. So its only every few years there is a major upgrade to the protocol to expand its abilities, while in between there are always smaller updates to wallet software and stuff to make it a bit friendlier/easier to use.
I agree that there is a big difference between bitcoins upgrades and others, but I would also like to point out that ETH has a similar one. I mean sure Bitcoin is decentralized and ETH has Vitalik if we look at it that way, but Vitalik doesn't have any kind of extra power if we look at it technically, he could have some influence over people and convince people but he doesn't have a right to change it himself, he has to still convince people for any upgrade.

This is why I like to say that it's also decentralized. But all the others? I have seen some where there are "owners" of projects, thousands of them and that is definitely not something similar at all.
1977  Economy / Trading Discussion / Re: The best time to buy bitcoin. on: February 07, 2023, 06:28:22 PM
The best time would be;

1.Everything is red
2.Everyone is on fear and freaking out
3.We are seeing fuds everywhere
4. Everything is negative
5. When there's blood on the streets (not literally)  Cheesy
Which actually, if you think about it, is 80% of the time in crypto lol. Which actually also makes the longterm DCA strategy accurate in this measure, and the best strategy of all.

If you are buying all the time, you ensure you are buying 80% of times when everything is red and low. And only 20% in the time markets is green and everyone is positive.

Agree, agree, agree!
Lol, that's basically what I did with the recent drop. All through 2022 I bought bitcoin whenever I had the money for it, of course I had to cash out some and spend something etc etc, but basically my idea and mindset was similar to this. Everyone was afraid that it's going down, and yeah, it dropped more after I bought on early 2022, but by the end I was just collecting free cash if you ask me.

Right now I am already in profit, and I will probably in more profit by the end of the year as well. All I had to do was look at the market and how much people were afraid, when they are afraid then I am happy and buying, because I know that means it's doing badly, and the only way to go is up.
1978  Economy / Trading Discussion / Re: ChatGPT and Trading on: February 07, 2023, 11:55:22 AM
Gosh, stop it with the whole AI thing right here right now. I don’t know where the world is going with this but it is going to create lazy quota around the world. It was time when everything was being discussed face to face, man to man and now it’s all about the computers and their language and their actions. Really? Are we going to be that much lazy now that we want a machine to trade for us or do something for us?

At the end of the day when we will sue our brains or on what we are going to use it? Are we loosing the hopes from bright minds or creating one out ourselves with the time? Oh wait I think we should ask this to ChatGPT!
It's basically a "new" technology and that is why it's so much hyped and everyone talks about what AI can do. I understand the hype around it, many people didn't know what it can do, and the previous AI versions weren't as sophisticated as chatgpt, which means that they are seeing something as evolved as this for the first time and they are not entirely sure where else they can use it.

This is why they end up considering if it could trade too, and they ask basically anything about it. But that doesn't mean that it will be true, it just means that they are curious about it and ask futile questions to learn more in depth. It's fine, but it's silly, I know.
1979  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 06, 2023, 05:52:35 PM
FIFA rules are pretty clear. They have large number of teams as well as sufficient funds. Moreover, when the whole world is interested in playing football, the organization of football will grow naturally. But there is no doubt that FIFA wants to be free from the political situation. Ukrainian President Volodymyr Zelenskyy wanted to give a short speech before the final match at the last World Cup but FIFA rejected his request. This suggests that FIFA generally tries to avoid political issues. There is a vast difference in between ICC and FIFA.
FIFA is one of the toughest sports organization which is having good system to implement their decision, and they never talk about which is the biggest market and how beneficial are things from any country when they decide about their policies these works for all countries and never favor any particular country just because of this FIFA is having amazing success just like we have in Qatar too many rumors and criticism, but they were stick with their decision and at the end we have one of the best event in Qatar2022.

Now if we talk about Cricket here we have biased monopoly which is working for their own sack, and they never respect their own decisions and mostly favoured by three countries which have nothing with cricket just doing their own business just because of this we are unable to have cricket in Olympics and now many other factors which I don't want to write, but this all is just based on personal issues which are not related to security and for the love of this game it's all simple.
1980  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 06, 2023, 06:41:23 AM
Slowly the teams playing test cricket keeps decreasing and the huge money required is a reason for the same. Few countries are in good financial position and the rest are experiencing much difficulty. It is possible to see a big number of application to play IPL. The reason is the money paid to the players which can't be got even playing throughout the year. This is how cricket have turned.
Now ultimately things are changing quickly, so we have to do same here in this game because if we are not going to do few changes quickly then surely we will lose many good opportunities and countries those are currently interested in this game for the entertainment purpose like just cut the teams number in test format with eight and end the ODI format as well with this we have one issue ICC already sell media rights until 2031, so we can keep this until this time and allow franchise leagues and just T20i cricket which is surely future and have better revenue and profit for the all cricketing boards and relative authorities otherwise we will have problems and controversies with this all.

Peoples want some fast entertainment which is only possible in T20i in franchise and bilateral series are all welcome but now other two long formats are already on decrease and have no fair chance to improve their fan base as well.
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