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2121  Economy / Trading Discussion / Re: It Is Possible To Invest In Crypto Currency Without Buying Any Coins. on: December 31, 2022, 09:48:33 AM
But if I would ask you why do you want to go through that rough methods to acquire crypto related stocks instead buying directly?
Do you know is very risky involving yourself to such investment and what could be your aim of doing that after knowing the real deal with bitcoin itself. When it comes of investment it doesn't implies any difficulty rather you talking precautions on the kinds of investment you venture into, for instance, you can have direct access to buy bitcoin from any exchange or p2p and moved it directly to a safe and secure wallet which you think is more reliable and accessible to you than any exchanges or any other means which you ever think of. From the current trends and happening also note that any platform you don't have control over your funds doesn't really belong to you.
There are some people who are used to doing unorthodox methods to make money because they think that in this world you need to think outside of the box to make money. In reality just investing 10% of your salary into bitcoin and keep doing that every time you get a paycheck, then when you have 20% of the money ready, go buy a house and pay 20% downpayment and 80% of it would be loans, and keep doing the same thing, save 10% of your salary and put it on bitcoin, and pay the loan back with the rent, and if its anything more than you could cut down on your expenses.

When you are ready get another house with 20% down payment if bitcoin is up, and then 80% loan, if you want you can refinance both and get a third one as well. This would put a lot of debt on you, but you would have 3 houses to rent out so that should help you a lot. If you can push through like this in life, by 50-60 years old, you should be a big landlord.
2122  Economy / Economics / Re: The fight over electric car batteries on: December 30, 2022, 09:06:55 PM
I was also having the same thoughts. Many countries will not be able to implement the electric cars for their people. One major factor that can impact the adoption of EVs is the availability and cost of electricity. In some developing countries, the electricity grid may not be as reliable or widespread as it is in developed countries, which can make it difficult for people to charge their EVs. The cost of electricity in some developing countries may be higher than it is in developed countries, which can make it more expensive to operate an EV.
But only time will tell.
That is not true, if you have ever used electrical appliances with rechargeable batteries, although our capacity is weaker than other devices, their energy consumption is much more economical, 1 kW of electricity is still cheap much more than a liter of gasoline. The problem that makes electric cars still not popular is that the price of each product is still very high, and not suitable for many people's pockets.

In the short term, using electric cars is very fuel efficient, but in the long run, I am concerned about environmental pollution because the disposal of expired batteries is a matter of concern.
It is true that this will create a trouble, but even scarier thing is that if we do not care about it. Look at the plastics in our ocean, basically every fish you eat has a small amount of plastic in it, doesn't matter how microscopic it is there is some in them.

Because ocean is filled with plastic. Do we do something about it? This is hurting the world, and the world is heating up, there is a ton of pollution, are we doing something about it? No. So, it is not scary to think there is a trouble with battery waste, there is a scare about the fact that battery waste will not be cared about at all, and that is seriously scary and I do not know what will happen.
2123  Bitcoin / Bitcoin Discussion / Re: Advantage of accepting bitcoin in business on: December 30, 2022, 07:46:49 PM
Adoption is taking place almost everywhere, but regulatory bodies are having stricter stance on crypto after what happened with LUNA, UST and FTX investors. However, for small, medium and large scale businesses, accepting crypto when it is in bearish mode is still a great idea because it will give good profits later when bull run begins and it is also a technology that needs to be embraced by different industries to take advantage of the same. Let them know what is Blockchain, they will undoubtedly ask for more of it and that's when you may discuss Bitcoin and crypto with them and tell them about its advantages - security, immutable, store of value for their money, etc.
That is not a bad thing if you ask me. Some people think that having a lot of regulations would be crippling bitcoin but it is actually increasing the potential of it without people realizing. There is a lower high cap for bitcoin without regulation, and while short term it could go lower, there is a high high cap for bitcoin when there is regulation.

Think about it this way, if there are no regulations then you won't see companies like google, amazon, tesla, microsoft and trillions of dollars worth banking world all go into crypto, why would they invest into something with no regulations? But, if there are regulations they could all get in and make bitcoin go up super high.
2124  Bitcoin / Bitcoin Discussion / Re: We have been told: Invest only Extra money in bitcoin on: December 30, 2022, 07:10:22 PM
I wonder how many people instead have the belief in Bitcoin and are buying by making
cuts elsewhere while not having the disposable income they can afford to lose?
I would say a lot of people are doing that. Some of such stories are even publicized and somewhat celebrated by the public when it gets reported.
After the initial pump of Bitcoin is 2017, many people just heard about it and felt they missed a huge opportunity to get rich, quick. To make up for this, they get a bit desperate and start to throw in more money than they can afford to lose, just to get a bit of the pie.

This desperation and greed make them to see slow, regular investments of low amounts (<$50) as a waste of time, even though that's what they can afford at the time. They instead throw entire savings into the market, so when it multiples, they have more profits. More often than not, they get burned out.
There is also a difference in patience when you do it that way as well. If I am putting 50 bucks a month and keep doing that for the next 30 years then I will get rich and I won't be feeling like I need it because who needs extra 50 bucks a month? Sure some people do, there are 8 billion people in the world and I assume not many can do it, but I can and I would say it wouldn't be needed and I can wait.

However, if I sell my car lets say and invest that into bitcoin and it goes down? I would not be able to wait as patiently as I could otherwise, because in this situation I sold my car, and I want it to go up so I can buy a better car, but if it goes down then I can't even buy the same car back.
2125  Bitcoin / Bitcoin Discussion / Re: Bitcoin payment laundering in order to avoid taxation on: December 30, 2022, 06:25:18 PM
Hello I have started accepting payments with bitcoin due to its anonym state. Should I state them at my taxes as payments? Should I just spend them as a bitcoin on groceries and under 1,000 payments? Also, is it worth it to take them in cash using a crypto atm? What is my best option to not get this money tracked and taxed?
It depends you are running a business then you can't evade because IRS will know what you are getting so you will be forced to pay taxes if you evade but avoidance isn't illegal so learn to use avoidance but never ever try to evade since its illegal and also this forum doesn't encourage any kind of criminal activities in any jurisdiction.

Crypto assets aren't made for tax evasion and you can evade with fiat too so its just the medium and it doesn't help you when you decide what you are going to do.

Crypto ATM conversion isn't that cheap so you are paying premium price or they take big chunk as commission.
The problem with IRS is the fact that they won't tell you how much you owe them, so you have to calculate and pay them yourself, but if you pay less than you should, they will punish you for it and tell you that you should have paid more and now you are punished.

This means they know how much you should pay to begin with, because if they didn't know then you wouldn't be caught when you paid less, so they know, and they still didn't tell you at the start. In most other nations that is known and whatever IRS is called in your nation, they will tell you how much you should pay, and you pay it and move on. That is EXACTLY what American's need for sure.
2126  Economy / Trading Discussion / Re: Does a trading strategy becomes obsolete? on: December 30, 2022, 04:59:12 PM
Well I'm new to crypto and a bit loss on the best strategy to take  , I will be grateful if you issue out a reliable strategy to embark on
If you are a newbie then the best strategy would be long term investment and not trading. I know many people think that it would be better if they could end up with some profit in the long run by trading, because trading could make them a lot of profit if they could find the peak to sell and bottom to buy and keep repeating that and it's true.

But, newbies can't do that just yet, you need to learn a lot more about trading before you could take that risk and it is clear that we should be able to just invest long term until the price goes up and meanwhile learn the trading part of crypto during this time. It will give you both profit and time as well, and you will be ready.
2127  Economy / Trading Discussion / Re: Day/Swing Trading - Trainer or Tutor or other suggesting on: December 30, 2022, 07:16:40 AM
I learn trading myself and I understand what it is, the trading site guides and videos were even enough for me to learn how to trade. I did not use demo, after reading the article and videos that the trading site provided, I deposited small amount of money and used $11 to trade and the experience began that time.
You sound like exactly how a newbie should get begins with cryptocurrency trading but basically I am not against to demo account. I mean I will suggest to engage in demo accounts for time being rather than learning such things from articles or videos. Because, learning in real-like scenario might be more effective compared what we could learn from books and videos.

Long term swing trading could be possible everyone but day trading must be profitable only for the pro traders. Swing trading usually demands derivative accounts but for BTC/USD pair we can swing trade even in spot markets which may help to eliminate liquidation pressures.
2128  Economy / Trading Discussion / Re: Tutored or you learned how to trade? on: December 30, 2022, 06:14:04 AM
Building self-confidence is one of the most important things for a trader. without having confidence trading will not go according to strategy.
Being self-confident without enough preparation might lead you to be over confident. Building confidence happens on its own when you are gaining experiences and gathering knowledge from books and real time scenarios. Yes, when you are confident about hitting profits 8 out 10 trades then you slowly become a self-confident trader.

your research will elaborate you and inspires you more of having safe control and management, their is different between someone who research and understand on it own and someone who just started learning from someone
Learning from a tutor got limitations; no one could guide you for an all-new-market-condition but if you are self-driven trader then you may analyse the situation and may get chances to cut your losses earlier. I am sure that crypto market is too wild; so being prepared to face any situation on being self-resilient alone will help.
2129  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about these hyped projects for 2023? on: December 30, 2022, 05:50:54 AM
Every once in a while I do some research here and there, to see which crypto projects are more hyped and talked about. Remember, I'm not saying these are good projects or have strong fundamentals, just that I believe they are more hyped than the others. So they can be a good investment, or a bad one.
Yeah, investing into new altcoin projects is simply gambling these days. I guess there could be only 10% chances for anyone to get into a right coin which may grow over the time but unfortunately most of the times, almost all the new coins are losing its value slowly either in BTC value or in both USD and BTC value. Usually I do prefer to calculate my profits in BTC value hence I hate trying new projects basically.

Still, if we are lucky then we grabbed dogecoins before Elon started pumping then we could have easily achieved 20x profits but I am not seeing anyone did that but I am sure all long term holders might have got benefitted from dgecoins along with Elon Musk.
2130  Alternate cryptocurrencies / Altcoin Discussion / Re: The reason Dogecoin could fail in the future on: December 30, 2022, 05:21:45 AM
Dogecoin could fail in the near future due to its outdated blockchain technology. The Dogecoin blockchain is built on the Litecoin blockchain, which is based on Bitcoin's Blockchain.
One of the main issues with old blockchains is that they're not scalable. They are unable to manage large volumes of transactions without slowing down or mistakes.
How hard to update the technology behind the blockchain? Just active devs team is more than enough to do so. When dogecoin was pumped from 30 satoshi to 1000 satoshi, dogecoin's official core wallet was not syncing at all; still we experienced multi-fold growth (now dogecoin got a fully functional wallet as per I checked last). So, if you are complaining about their blockchain technology then I guess it would be matter of one or two weeks or months time to get into a new technology.

I wish, new active devs to cap the total circulating supply as I remember initially dogecoin got limited supply like 100 billions (please correct me if I am wrong) but after that devs changed it to unlimited supply.
2131  Alternate cryptocurrencies / Altcoin Discussion / Re: Pi network mining on: December 29, 2022, 08:55:22 PM
I have heard about this PI Network for a long time, in Indonesia this coin always appears in various Facebook groups and telegram groups. I'm not interested since I found this coin for the first time, even though I've seen PI Network for a long time, around 2020, it's already shared by a lot of member on Facebook group (maybe it could take longer). Lately, someone has said if PI Network is used as payment in Indonesia, this is clearly a violation, because crypto is not legalized as a payment but only for investment commodity asset.
Cryptos are a currency so one of its use cases is for paying but maybe PI will skip the countries where crypto is illegal or illegal as a payment method. I heard that the one that is listed on XT dot com is a different coin and not the original PI coin but even if it's the original, we must still be careful and avoid it if possible. Ever since the start.

I already hear lots of negative feedbacks from them. I think that is enough to not patronize them. There are so many legit coins out there which have a better use case than just a payment method so why not go on them instead of PI? We are sure that they are more profitable but less risky at the same time.
2132  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 29, 2022, 07:19:03 PM
Indian government had good relations with the previous regime in Afghanistan and that was the reason why they ordered the BCCI to help the Afghanistan Cricket Board. But all the money and effort put in to Afghanistan vanished when the Taliban seized power. Just another foreign policy failure for the current Indian regime, which is trying hard to appease countries such as Afghanistan and Bangladesh on one hand, and antagonize Nepal and Sri Lanka with the other. BCCI being a proxy of the Indian government just carries out whatever orders that comes from the top. 
Even this is not related to politics but still I want to give you some updates as you will watch in near future Indian government will have good relationship with these now rulers as well because back door diplomacy is already going on and now with the re-entry of the USA in this region due to regime change in Pakistan things looking positive for India as well because we all know India is big player in this region and USA wants to have them involved in all policies which is good, so hopefully Afghanistan Cricket Board will allow again their players to play in India their home matches because these could be more beneficial for them instead of playing into the UAE.

But, sadly we have one complaint about BCCI they are not doing anything for their neighbours which is surely not good specially for the Nepal because they have to done few positive developments for them as well which will increase their quality and performance in near future.
2133  Economy / Economics / Re: Russia To Legalize Use Of Cryptocurrency In International Trade on: December 28, 2022, 08:38:42 PM
I like to see the creation of Bitcoin as the beginning of an evolutionary process. 

Bitcoin is a kind of virus that is being actively modified in order to multiply and spread.  Bitcoin does not serve only idealists and cypherpunks, it uses scumbags, businessmen, bankers and officials for its own purposes. 

Bitcoin has a goal - to become a global currency.  And he uses every opportunity to get closer to achieving this goal. 

Sometimes the first cryptocurrency follows the path of competition with the old financial system, and sometimes the path of symbiosis with it.
It is definitely a very hardcore approach to it I am not going to argue against that. However, you are sort of right as well at the same time. I feel like the best way to approach Bitcoin is to accept that it is not going to go away, it will always be around. Sometimes it gets low and sometimes it gets high but it is always around. As people who have been through a big pandemic recently, we could draw some parallels to it in the end as well.

I believe that it doesn't really have any prejudices at all, bitcoin purchase helps or hurts everyone equally and doesn't care if you are rich or poor. If you hold it and it goes up, we all make a profit, if we hold it and it goes down then we all hurt together at the same time. White, black, Asian or African, Muslim or Christian, it doesn't care.
2134  Alternate cryptocurrencies / Altcoin Discussion / Re: How Are You Preparing For 2023? on: December 28, 2022, 06:39:01 PM
I think there's no rules about that but as long as those who shill are not too spammy and also the shilled project is not known to be a scam then I think they are going to be fine. It's so sad that many people only focus on the price to tell if the project is worthy to invest or not but they must be careful about it because there are also shit coins which can be pumped up easily.

If only these people take the time to do a little research then it could help them to pick up a better coin. I don't think a lot of people are preparing for 2023 but if there is a date they are preparing then that would be the 2024 halving. 2023 might be another year for accumulation.
I feel like the amount is also as much important as the type of the shill as well. Like if there is a low quality shill effort, even once is enough or maybe twice but that's it, anything more than that would be unacceptable here, but if you end up with high quality shilling, like the ones where people look like they vouch for how great it is and they are trusted members and all that, it could look like a hyped project and not a shilled one and people can talk about it for pages and pages whereas nobody would say anything about it.

So all in all, "shilling" is not always a bad thing, because if done right that may become just vouching and trusting a coin and that's going to be fine for most people here.
2135  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: December 28, 2022, 05:29:42 PM
If Pakistan didn't have a good facilities for bowlers rehabilitation then they must used a strategy of using more then 10 bowlers in order to reduce burden from bowler, which will reduced the chances of injuries, Everyone know that due to playing too much matches they got tired and fatigue and as a result they face injury of shoulder, knee , and back like Shaheen and Haris.
if they divide games between them then they will easily done Thier job without any injury.
Even most of the time we have too much talk about Pakistan and their sporting system which is currently crap because they have no good domestic setup with no structure and facilities most of the time we have ad hoc system which can't provide any positive development which help players for improving their skills and have good quality just check their history they lost too many quality bowlers due to this all as no one care about them and mostly as they are having any injury then finances are also not available for giving them proper treatment or rehabilitation.

This all is possible if they have professionals who bring all latest technology and other facilities for the improvement of the game and players which must know if you want to compete with top level teams just one test series and now their all top bowlers are injured and out of the game for long time which is surely the worst thing happening to them.
2136  Economy / Economics / Re: Save your environmental economic cycle on: December 28, 2022, 04:05:49 PM
If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.
My understanding is that the bankruptcy of offline stores is not caused by the rise of online stores that are developing at this time, as far as I know, the effect is only a few percent, not all people want to shop for their daily needs at online stores, few if compared to residents who use online shopping methods, For example: China, which is a developed country, on average, their lives are online, few want to shop online, they prefer to go to the store directly, after seeing new items, they pay online or digital currency.

People from developing countries like China don't shop online one of the bad methods.
I have to say that it's quite important to have some sort of base income or at least guarantee when you are starting an offline shop. I had a friend who started a bakery based on this, she had this amazing recipe for a cupcake but a tiny version basically and it went for like a week without refrigeration or anything, which allowed shops to sell it for a whole week as long as they do not put it on anything super hot, don't have to be cold but at least room temperature and usually it got sold quick enough.

She got an offer from a big chain, so she started it as an offline shop with the offer in hand. That way she knew what she would make in the long run and could calculate based on that. Nothing like that in your hand means you are just rolling the dice.
2137  Economy / Economics / Re: The poor people with their reasoning on: December 28, 2022, 02:45:51 PM
It's not that they are greedy but let's not forget that they are poor so they will still pull out the money that they invest later on. For them it's kinda useless to invest in long term and then the return isn't really that great. This is why most of them got scammed because they mostly fail on those get-rich-quick schemes.

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.
Unfortunately that causes a lot of trouble for them and that's the big difference. If you are poor and you can't wait 10 years and keep reinvesting every dime you can, then it means you should not invest.

Even poor people could change their mindsets, because if you grind and get in debt and just have a terrible horrible life for the next 10 years and still do not waver and invest small amount into bitcoin, you could get a lot better. I have done it, put 10% of my salary into bitcoin for past years, and made a good profit, not so great now but still a profit, and meanwhile I have been in debt, got a loan, paid it back, made credit card debt, got sick, paid hospital bills and many other things and still didn't stop investing.
2138  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 27, 2022, 08:03:23 PM
@Sithara007 I did see that post but to be honest this is Afridi’s moment to prove his critics wrong, but will he able to prove them wrong is something none of us can predict till he’s actually given some time in this new role of his.

Furthermore in my personal opinion Sethi starts with a clean chit, because the situation is totally different now and Pakistan cricket can grow a lot with the right support hence he’ll be foolish to do anything that can jeopardise their growth.
Well.. let's hope for the best. During his term, Rameez did a lot of good things. He resolved the issues between PSL franchise owners and PCB, convinced SENA nations to tour Pakistan, and started new franchise leagues such as PJL and WPSL. And more importantly he changed the format of domestic cricket as well. Najam Sethi doesn't need to do anything new. All the needs to do is to preserve the status quo. PCB achieved historic revenues under Rameez. Sethi needs to ensure that the revenue inflows continue and players (both national and domestic) benefit from it.
Right now, main problem is why they are doing this all while things looking good for the cricket in Pakistan then why this all happening if they want to bring Naham Sethi they can wait for some time and then as his tenure ends then Shahbaz Sharif can bring his person as President of the PCB but now doing these all tactics mean they want to destroy all development and bring back PCB as lower point which surely going to help many other boards which never been happy about PCB and Pakistan going at his best in cricket.

Especially I was reading main problem was Ramiz Raja's statement about not sending his team to India because every time Pakistan has Nawaz Sharif or his family in control they want better relationship with India and others are not happy with this all which is the main reason behind this all quick change.
2139  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 27, 2022, 05:10:16 PM
Brisbane Heat vs Sydney Thunder
Sydney Thunder won the match by 10 wickets , an outstanding performance by them their openers chases the normal target of 120 runs given by Brisbane Heat.  Brilliant batting and balling by ST no doubt.
Sydney Thunder which is at the bottom of league table today done amazing stuff and won their first match of this season with style as they thrash Brisbane Heat by ten wickets which is impressive win even this is not going to help them for having improvement in their league ranking but still having first win like this is good for them.

They have few good aggressive hitters in their team, but their performance was not good in early matches, hopefully now with this big win they could be improved their quality and try to have better results in coming matches as well.

Now tomorrow we have another interesting match while Sydney Sixers will try to have their third win in a row or Melbourne Renegades will try to start their winning way again after losing their first match.
2140  Alternate cryptocurrencies / Altcoin Discussion / Re: Huge Binance outflows - should we be concerned? on: December 27, 2022, 10:46:52 AM
I don't object to us withdrawing our assets to cold or non-custodial wallets, but people need to know that the FTX crash doesn't mean Binance will. Let's take a look at coinbase, founded in 2012 and still exists today despite the demise of Mt.gox in 2014. So far, Binance and coinbase are safe, and we still need to use them, we can't stop using them until we stop investing in crypto. I'm not too surprised that Fuds is targeting binance because FTX supporters won't give up on Binance easily.
It was just a great scare tactic by the media and the timing couldn't be better. As soon as FTX thing happened there were a lot of chatter about Binance because that would really hurt bitcoin price and the market a lot and someone wanted to hurt it.

I wouldn't be able to figure out if it was FTX people or people behind FTX that wanted to get revenge, or was it some whale who had a lot of fiat and wanted bitcoin even lower, or governments who hate bitcoin because they can't control it. I cannot possibly know the main reason but it is obvious that we are not going to end up seeing anything that would be remotely close to what the reality is, we would just assume.
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