You will support Elon Musk if he creates a stablecoin and then pays 1 Million $ to each user every day? Do you even know how the economy and the market are working? You can not just create Billions and Billions of Dollars out of nowhere because that would generate such a huge inflation that all the money would be worthless. Also if everyone would be a millionaire then the world would stop to work because then there would be no more people that would do all the dirty and work that is necessary to keep he planet running.
That being said, i also support Elon Musk because he wants to make twitter to a place of real free speech and that is very important in my opinion.
I would guess "printing" money and generating money are different things. If he somehow earns more from the world than he pays, that would be possible to do without needing to print money. We all know of course he won't be paying that much money, but lets assume for a second that he prints 100 billion dollars, and sells it, and then he decides to give 8% return on it, first of all that is 8 billion a year extra, and he already sold 100 billion dollars worth, so he could use that added money to make an income, and the rest from tesla, twitter, spacex and many others he is making profit already, so could he do it? He might but we all know he won't, that would be idiotic. |
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Apparently, trading is stressful and might kill you if you can't manage to handle your stress.
If we are in this situation, we have to urge ourselves to stop and move on. We just think that this is not the right place for us. Of course, we can still be a part of its journey and earn some profit in another way like being a casual investor (long-term).
We don't just think about earning money but also we have to consider our health as well as it was just nothing if we passed away already.
I do agree that we need to urge to stop, but it is also difficult to stop when you are losing money, or even when you made a lot. Because, if you lost a lot then you will want to get it back again, and if you fail to do that then you will lose even more, on the other hand if you earned a lot, then stopping would sound like a bad move because you made so much, why stop and not make more? This is why even it makes us stressed out, many people still continue to do it. I personally moved most of my money into investment literally because of this, I believe that waiting long term is less stressful, I don't care if it goes down, because I am in no rush anyway. |
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I have Binance, OKX, Huobi Global and Kucoin account. KYC is mandatory on Binance as we all know. I was unable to access Huobi derivative trading until I submitted KYC. OKX forced me to provide a mobile number when I wanted to withdraw, but that is still cool because that can still be done in a way it will not link to my real identity. I do not know much yet about Kucoin because I opened it two weeks ago, maybe the exchange will still make something pertaining to KYC mandatory or not, only email and password was required for sign up just like login in, it is the most recognized among those no KYC centralized exchanges.
I have to say KYC is not a trouble if you are dealing with exchanges because maybe you and I may not have millions in there, but the overall funds are in billions there, which means they are asking for KYC not for just legal reasons but because they would like to protect you as well. If something goes wrong then they may ask for your KYC and request it again, this way you will be able to provide it again because you are still you, whereas someone else can't provide it because they are not you. This is why it's good, I had this back in the day in around 2017 I think, or maybe 2018 where someone tried to hack into my account and they were asked for a photo ID with current date, and they couldn't of course so they failed. |
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The governments of almost all countries strive to maintain a monopoly on their own army and their own financial and monetary system.
The UK even left the European Union so as not to lose its monopoly on issuing its own money (the British pound). Central banks manage monetary policy very effectively, and through it society as a whole. Therefore, they perceive Bitcoin as a surrogate money and a potential threat to their power and monopoly.
Bitcoin was created by cypherpunks, that is, people who fought against the dominance of the state over the individual. Therefore, many states are hostile to the first cryptocurrency.
That is not always so much great. UK kept pound/sterling when they joined EU and that was understandable level, they were already strong on that front and they didn't want to join and have their money turn into euro as well, not like Germany or France or Spain were horrible nations, these nations are big too, and Germany could be even bigger than most, or would basically be having more potential, but at the same time they accepted euro, but that's fine. However, leaving European union was a horrible idea on UK's part, even if they wanted to have control over their own faith, that resulted with them being much poorer as we have seen, lost 20% in a few weeks. So, they might do the same trouble with crypto, any nation who is against crypto odes the same mistake. |
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one space X starship has a payload of ~100 tonnes
remember just 1 tonne is: 35274ounces ($56,438,400 of gold per tonne)
meaning it "could" carry $5.6billion of refined gold
if it costs $100m for a return trip to and from moon/asteroid that means it need to collect 2.3 tonnes of gold to break even
star ship can carry about 100 tonnes
so im sure the mining cost is not going to be 50x the transport cost
I understand the math, and I understand the want for something like that to become reality and I support the idea and whichever nation it is, if one eventually does it, then more wealth will come to earth so I am fine with the idea. But, I would like to also help people realize that we had covid and failed to distribute masks to everyone and even convince everyone. While we are incapable of doing something as easy as this, that doesn't mean it is going to be that easy to build a whole lunar space base, imagine how harder that is. So, my idea is that humanity is not grown as much as we can organize in a way it could be growing enough for a lunar space station. |
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bitcoin's cycle is 4 year long which means your long term should cover at least one full cycle of bitcoin markets.
Yeah, but many people get know about bitcoins only by the times of ATH hence they invest bitcoins at the end of bull market or at the beginning of bear markets and then blame bitcoins. Halving should be the factor that every investor must follow for the perfect timing of investment. If they miss a right timing then they still have second chance to correct that by leaving their positions open for more than 4 years. If we stick with basics of investments then we can easily convert deep bear markets of bitcoin into moderate ones.
People rush for profits which lead all of us experience high volatile. At the same time, when majority of bitcoin investors turn 'real' long term holders, I agree that we will have moderate bear market, who knows probably we may have relatively sideways market as well. |
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It's kind of ridiculous but let me give the OP some fresh pep. Who knew that a few years ago there was a group of scientists who did a case study of heart attacks in the US. The possibility of heart attack was indeed a serious problem for traders several years ago according to their research results. And the crashes of some of the crypto industry lately of course have contributed to many user problems that are not covered by the media including physical and mental health, family disputes many people. I'd say something that's considered a joke can happen. No, this isn't ridiculous but it does truly happen for real because crypto's movements are unpredictable. It can give us a heart attack when the price drops at a very low point, we can also get shock when the price rises on a very high point. It happens because they are highly volatile. If you have a heart problem then its better if we won't deal with it for our safety. We must remember that health is wealth and it's more important than money because once it's lost, it can never be returned again or your life can be bought back no matter how much money you have. Mental health problems is also known here but I think this one is more manageable and not really a life threatening at all. |
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Qualifying for the ODI world cup will be extremely difficult for Sri Lanka now. With 4 matches remaining, they are at 67 points. West Indies at 8th place has 88 points, and that means that Sri Lanka needs to win at least 3 out of the remaining 4 matches (1 against Afghanistan, 3 against New Zealand). And that is not all. South Africa is at 49 points, and they have 5 matches remaining. If they win 3 out of 5, then South Africa will qualify with 89 points (2 of their remaining matches are against the weak Netherlands side).
Right now, situation is very interesting with seven teams are already in for automatic qualification and remaining all teams are looking for just one spot from current situation I have a feeling most chances South Africa could be last eight team to qualify and after this all teams have to fight for their place into qualification round which is really shameful for the countries like West indies and Sri Lanka after T20i now in ODI they are falling down badly and have to play qualifiers which giving all details about their strength and domestic system which is also falling down badly with this all now it's time for them to do some work for increasing quality and performance in these two formats otherwise this could be ended in a disaster. https://www.espncricinfo.com/story/icc-world-cup-super-league-scenarios-west-indies-south-africa-sri-lanka-and-ireland-contest-for-one-spot-1346818 |
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Perhaps in the future we will see that a slave system has been established on planet Earth.
At the same time, people (of the Homo sapiens type) became the new slave owners, and robots, bots and algorithms became slaves.
Such a social order may be aimed at the survival and development of mankind as a species.
For example, science and technology ..
For the development of scientific and technological progress, a huge number of scientists and engineers are needed. However, there are not enough smart and skilled professionals in these fields to research everything that needs to be studied and researched. But if every scientist and engineer has a million assistants - neural networks, artificial intelligence, robots, algorithms, bots, etc., then such a specialist will be able to increase his productivity a million times.
The situation is similar with an industrialist or a farmer.
Slave system is not really "gone" if you ask me. I am gladfully out of the regular 9-5 work life, I live a great life. But, I see my friends and my friends are living a life that is bound by shackles of our economic system. If you want to quit your job, which many still do, you have to face starvation and bankruptcy if you fail to find a job. That is why it's clear that we shouldn't really be focusing on doing anything crazy like quitting without finding a job but still some do. Others, people who are afraid that they can't find a job, ends up with a trouble such as working at a job they hate and spending 1/3 of their life just so they can survive. |
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I've been also an investor of Litecoin as at that time, only Litecoin I can buy in whole. What I mean is that I can buy 10 Litecoin while I can't buy 1 BTC in whole, so for me it is an achievement to buy something like that and it is the second cryptocurrency and up until now it is exist and surviving, I still believe that Litecoin is a good investment though we don't hear any latest news about it, it still has a good volume and still in the top 20 coins.
But there are now many new coins which might take the market and such as Ethereum, BNB, SOL and ADA.
That is of course a great feeling and makes you feel richer. However, we should remember that if you can't buy btc, you could try to get 1 whole eth, and if you can't then there is bnb, and if you can't then you could do ltc. However, just because you could buy it whole doesn't mean it's good, you could get tens of thousands of doge, or you could even get millions and maybe even billions of shiba as well and none of that means anything as long as the marketcap is low. What you won as a total worth in dollar value is what matters and if you could buy a good chunk of it as well. I personally diversify my portfolio and LTC is one part of it as well. |
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nothing is 100% safe, but let's not compare stable coins with Luna... I didn't even know about the Luna before their fiasco, I saw the first complaints here and I was thinking "where did this come from?"! Who was crazy enough to go for some Luna, after reading about Luna I didn't see anything special there except some "big words". But people still invested heavily and many lost a lot of money.
Stablecoins are just stablecoins, in the end, we use them to "get in & out" from some coins/tokens, there's no reason to hold them for too long. Some of the stablecoins are around for years without any issues, so even though there's a risk we all use them and we will probably continue to use them.
We can compare them 100% for sure. Luna crashed because it was ran by people who didn't know how they should run a project, and USDT or BUSD or any other stablecoin could fail for the exact same reason. Just because they have managed to make it run so far doesn't mean that they will be able to do it again forever neither. I personally believe that the best thing about crypto is the fact that you could buy things that are decentralized and controlled by nobody, so to pick something that is purely centralized and at the hands of a company is not really a smart decision and the end result could very well be exactly like Luna for sure, and that's a big problem. |
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While I do agree that Bitcoin is likely at it's bottom or very close to it at this point, and the only way to go from here is up, I do not think fiat is at its last fume or that it's going to zero and then Bitcoin would become the global currency. Fiat has been suffering poor fiscal policies fobnany decades now and losing value for same, but with the current financial system, it is needed for the world to function as it does now.
Bitcoin as a alternative asset would not replace the banking sector, but would be an option for those who want to escape the fiat rat race, where money losses value faster than you can earn it. It would also give freedom to those who do not want to be at the mercy of third parties and governments.
It seems to me that to say that bitcoin is now at the bottom is just as likely as bitcoin to hit its bottom around 5k. In other words, it has the same 50/50 chance. No one knows how the price will behave or what else might happen in the industry. It seems to me that the chain of events such as LUNA crash or FTX scam is not over yet and we may see something worse, like Michael Saylor crash or something like that. I would guess that hitting the bottom and then bouncing back up to a great level is an inevitable thing. I think it is a bit "known" that we won't hit 5k, that would be too little and it would be quite difficult to hit. I am guessing that it could potentially be a bit difficult to do when we are talking about how much bitcoin needs to be sold at the market price while going down, and that's not going to be that easy. I know that it will not be that easy but I know the "possibility" of it at the same time. I agree that there is a technically possible situation going on, but it is not going to be that much of an easy thing to do so I guess 15k or higher is a lot more likely. |
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Instead of blaming others, I'd rather hold ourselves guilty for believing in something centralized like centralized exchanges. Even when someone loses bitcoin or loses access to the wallet it can be considered the user's fault because it may be their negligence and inability to secure their wallet.
Currently the best instrument of crypto is Bitcoin. I think choosing bitcoin is the safest option. He can always go back to high prices. Then store it in your personal wallet. Regarding the FTX and Luna cases, they are part of a new technology that gives an adverse effect due to the problems that occur. If all do not believe in the exchange and withdraw all the assets what will happen? it seems bad. That will make crypto dead and difficult to grow and who will move the price? If that happens the crypto industry will die there is no trust in the exchange. Hope all is well. Yeah true, bitcoin is amazing and it should be the way out of this mess as well. People are overreacting to the situation a lot and I understand it because there are a lot of people who lost money in this mess as well. So, if you are one of the people who lost your money on FTX problem then it should be understandable for you to not really be calm right now, you would be mad and you would be angry and you may end up saying a lot of things about bitcoin and crypto as well. However, to all those people who did not lose any money during this period and only got scared because of the market, that doesn't make sense to me at all, they shouldn't be like that at all. |
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Each groundbreaking concept has humble beginnings. Finally, it blossoms into a more robust and superior form. In time, it grows to be a global force with the potential to alter the course of history. Bitcoin was created in this way. A group of people got together and decided they wanted to establish money that would work without any central authority.
They devised a method that allowed everyone to participate and aid in maintaining equity. Bitcoin is now widely utilized for international online money transfers and online purchases. In just 10 short years, Bitcoin has grown from a modest experiment to one of the largest concepts ever imagined.
I do agree that development is the key to success for almost everything in the world. It doesn't matter what the business is, even the easiest tshirt business could still develop, how? You could end up with some new machine that produces a great amount of shirt, for very little resource, or with a cheaper resource and you would be able to sell brand new basic shirts for $4.99 suddenly, which is unheard of, or even lets say 99 cents to make it a lot more unrealistic. I personally believe that is not a priority as of right now, people focus on more tech related stuff, but that could very well be done if R/D was hardcore there. So improvement and development on crypto is obviously very important too. |
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People mostly are lazy when it comes to educating themselves and they just rely on one source and that's it! they will gonna invest in the project of choice. That's why they often ended in a hype project where it is a pump and dump coins.
Basically, I won't be lazy on educating myself because I know that I will be more successful later on. Relying on one source is fine for now but if you are done with it, we should take time to do a research and learn from other sources too. When we are equipped with more knowledge we will know if what are the ideal coins to invest with and are more worth it for our money. Bad beginning never end up in good result ,rather it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.
It doesn't always end up there, especially if the person gives up too quickly but only if they take their first mistake as a lesson and will try again then there is a chance that they can improve. If we are too busy to learn about crypto then we shouldn't bother entering here because we will only lose if we do. |
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What is your take on this as an investor in crypto?
Will it add any impact on your decision to get into crypto or stay away from it?
I like bitcoin and crypto in general before their so called proof of reserve, and I will like them after. Before FTX, we have seen many disappointments in the past, but we do not just experienced it. Why? Because it is not good to leave fund on an exchange. People should know that they do not have the private key, they do not have the control, it is not their coins on blockchain. With proof of reserve, you still do not have full control over your coins on exchanges, it can be seized, your account can be blocked, you may need money when withdraw option is disabled. What can perfectly solve this is not to trust your coins with anyone, use a noncustodial wallet. Do not believe that proof of reserve can not be manipulated. That is said too many times before, not your keys not your money is a common expression in crypto and yet look at the tens of billions of dollars worth of coins all in exchanges. I do not mean just one exchange but even binance alone has over 10+ billion dollars worth of coins in their funds holding for their customers, add in all the other ones and we are talking about maybe 100+ billion dollars worth of wealth all in exchanges because users put their funds in there. That means you can keep saying not your keys not your money for another decade and yet people will do what they want to do, no idea why they keep doing it, but I do have some money in binance too, so I guess I have some idea why. |
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Not that I am interested to become a partner because I don't have the money to risk, but I am watching your call OP. I was thinking of trying it in spot trading but well I became busy and I stopped trading already. So until now, it didn't touch the stop loss but nor did it touch the take profit as well. I would've been holding around a 3% gain from your call. Although you are a futures trader, I already forgot what its fees look like every 24 hours but maybe you're still holding a slight gain for now.
Spot trading? But, I am not sure if it will work because he clearly said that it was from futures trading but if you seem to be interested in his calls then why not? I mean you can always try to become one of the partners of the op but before you do that, you gotta watch this thread further and see if most of his calls are on the winning side. There are fees in trading but as long as you are earning a lot then that will not be big problem. This is also done in binance and I think binance have some promotions in order for the traders to save trading fees. You better check that out. With those signals i give it's possible to earn 100% daily by using 20x leverage futures.
100%? No way. I think that's too good to be true already so it's likely fake. Not only that but using 20x leverage is too risky already afaik. There's even users here who lose at 3x leverage. |
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You could also use the copy trading as a reference about why they choose those desired coins and how they choose one, after you're comfortable with everything then it's time for you to do it by yourself with "knowledge" from that copy trading. The wrong thing is to always relying on this copy-trade to do everything for you, you will lose no matter what the condition is.
traders who use copy trading I sure don't think about it. they know how to trade and do some technical analysis for trading. but what they want most is profit without doing anything. it makes them earn instant profits from the trades they participate in. even though I don't like this method, in practice, many novice traders do it. That’s the risky business right there. Trying to make money without really doing anything is a big risk and should be avoided at all costs. I know that it’s not going to be easy for them to do it, and I know that it will be hard to learn how to trade but they need to stop what they are doing and start studying day and night to become a better trader by learning how all others trade. That way if they learn about fundamental and technical analysis, they could check the charts themselves and make good profit, or even if they fail to make good profit at times, they will at least would have the means to recover from any loss. Which is the best way to make money in the crypto world. |
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I'm worried that Solana will have the same fate as FTT. Solana network problems have been around for a long time, it could get worse for Solana network users if there is an attack from negative news. this will create a negative sentiment toward the adoption and trading of Sol. if there was a continuous decline, it would end badly. Sol was temporarily suspended for trading on several exchanges. but in the end, they got on with it.
Unfortunately, that looks like a quite big possibility. I am not saying that it is 100% guaranteed, but the looks of it that Solana constantly have some technical issues, and if those technical issues become a lot more frequent then it would definitely cause it to crash. So, what is the path? To make sure that they fix all of that before the bull run comes, but without testing it, it would be very difficult to be certain they are fixed. Simply, I would have to say it’s a difficult situation to be in for sure, there is no guarantee of anything and you are risking your money if you buy solana at this moment. It may survive, or it may crash very hard. |
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I have to agree that these technology advancement has actually caused laziness.
But do you also consider the cost of spending on them and having a large number of children. The father mostly caters for every member of his family in this age. Long where the time where more children means more wealth mostly by farmers who has large portion of farms to farm on. Some of these children turn to there own farming at 18+ and helps the father cater for the family. Not now that at 18 some are just getting into obtaining degree and the father caters for everything.
So I will say the act of reducing birth rate now isn't just laziness but cutting cost down and yeah it's a good strategy. Because these days children prefer to have everything done for them. Sadly there isn't much we can do to change that
He is just causing a little bit of trouble to get attention and that’s it, some people align their ideas to the extremes to get the most attention. It is true that it is very difficult to have second children these days, obviously not impossible since some people do have 2 3 even 4 children, some even more that’s fine and they can do that and as long as they can afford to, there is no trouble with it. But, we have to realize that 200 years ago people could have 6 children and provide almost nothing to do them aside from clothing and food, these days all those technological improvements are not there to just help you, but also make you spend money, meaning people need a lot more stuff to buy to raise a child, meaning a lot more cost. |
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