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2321  Alternate cryptocurrencies / Altcoin Discussion / Re: Is "Solana" Will be the Next to get Killed.. on: November 10, 2022, 09:40:21 PM
It is very likely to happen and now the price has started to show that after the news of the collaboration with google cloud which has a positive impact now that the SBF drama is quite damaging the positive impact of the good news a few days.
There is a theory that Alameda Research might sell Solana for fresh funds https://www.coindesk.com/markets/2022/11/07/solana-falls-and-speculation-centers-on-links-to-sam-bankman-frieds-ftx-alameda/
and the speculation is enough to create panic and retailers should be to sell SOL and exit this market as soon as possible.
This should be a warning to altcoin holders that none of these altcoins are safe they are interrelated, bad news on other coins will affect anothers and it must always be remembered that retail is the one who suffers the most.
Considering we are already in a horrible bear market, anything that could be understood as a risky bad move or at least some reason to drop the price, people will scatter around and sell whatever they can sell.

I know that it is not going to be easy to justify some sale because they need fresh funds, because everyone needs funds right now, wait until the bull run starts, and both crypto and SOL could go up for a while before you can sell. If they need funds they need to just wait for it just like everyone else. If they end up unloading on the investors right now, when all looks bad then it will definitely cause a lot of trouble and the price may crash even harder than the market.
2322  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: November 10, 2022, 08:36:41 PM
Paper money will not disappear, although digital currency is very convenient, but you know that there are still many disabled people in the world (eyes, arms, hands, legs) who cannot use smartphones independently, and there are many places that do not have Internet, and they do not have Smartphones, they have no concept of digital currency, they think paper money is in their hands, which can give them a sense of security.
Paper money is already not that much in circulation to be honest. I always preferred cash over having any money in the banks, I dislike banks and using a digital one at that too, so I am trying to avoid banking world as much as I could but of course there many periods where I would have to use it, because any other way would be just too much overwork just to avoid it.

However, not many people think like that, and most of the money in the world is digital, not in the hands of the people which allows banks to continue. It is a century old known fact that if you tried to withdraw all of the money in the banks, then banks would collapse and not be able to pay, which shows how they are bankrupt to begin with.
2323  Economy / Economics / Re: Fiat in trouble on: November 10, 2022, 07:15:21 PM
what is beyond our authority is the government's policy on the legalization of cryptocurrencies. the most difficult thing to penetrate is about the necessary politicization of interests. I personally believe that cryptocurrencies will be worthy of replacing fiat currencies, but not in a short time, given that there are still many pros and cons regarding this, and it actually hinders its development
I do not think that it will "replace" fiat, fiat is something that each nation needs for their own freedom, if they all start to use bitcoin then the bigger ones could take control over the smaller ones. Right now, even if it means a financial war, you can go against USA, which will hurt you like how it did to Cuba for example, but you can have freedom. In that case everyone would be using the same, and that is not going to be fine.

Alternative payment method to fiat is the way to go. The best thing that could happen would be like El Salvador, just get it legal tender in all the nations of the world, which means alternative to fiat, and that would be fine and would actually make crypto go insanely high too.
2324  Alternate cryptocurrencies / Altcoin Discussion / Re: It’s time people just fully accept 90% of the NFT space is a rug/slow rug on: November 10, 2022, 05:54:32 PM
Most of the projects in the NFT space are rug and what founders are doing is just coming up with shit art and fake promises with zero utility so what else do you expect from them? Will they be providing returns to you at all? The actual profits is to the founder of the project and not to return any money to the holders of the NFT so stay away from them but there are some legit projects as well which are slow growth and team behind them is building something but you need to check them up.
Unfortunately, it is still a profitable thing to do that and that’s the problem. I mean if it wasn't profitable then it would have stopped already but people are buying NFT's even to this day.

Just the other day I have seen an NFT with absolutely no utility at all, and only did marketing with airdrops, got like 500+ NFT's sold from 50 bucks each, that’s a ton of money to be made by the founders and they spent absolutely no money on it neither, so it’s definitely not a smart idea to invest into these to make the founders richer, and yet people still do. If we do not stop putting our money in the horrible things that we have in the NFT world, they will keep on doing it.
2325  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the bear market over? on: November 10, 2022, 04:18:03 PM
Well no I do not believe that the 'bear market' is over.  I do think that bear markets are a great time to invest in Bitcoin.  
If you’re entering the market when everything is down you have a much higher possibility to get significant returns on your investments. If you happen to have extra fiat laying around then you’re in an opportune position to make money.
I couldn’t think of a better time buying Bitcoin then when it’s low but be prepared to hold long. The Ukraine war and the brewing economic recession could take a while to blow over.
I think it is not really a bear market but accumulation phase, we should change the name of these periods. I always supported saying bear market when it goes down, but when it is already low and not going down anymore, we should rename that period to "accumulation phase" because right now it would be smart to keep on buying more and more and more bitcoins. That’s not a risky thing to do neither, it’s definitely something that would make sense in the long run.


However, since we call it "bear market" at all times, people are having harder time to keep on investing in it, and that’s not going to be that much of an easy thing to invest if we keep scaring people with bear, that’s why renaming would be better.
2326  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Litecoin a forgotten cryptocurrency? on: November 09, 2022, 02:53:22 PM
I was a supporter of Litecoin before. Well, it was a long time ago when the competition was not that high yet. It was a good investment and I made good profits out of it.
But lots of cryptocurrencies came out and most of them have created good projects so I switched the funds to another.
Will it die? I don't think so. The value will possibly go lower but I doubt about death although it is being forgotten. Despite that, it's still in good position which will never be achieved by other cryptocurrencies entering the new market.
That’s the point, if it doesn't die then it survives and I am doing fine with long term holding it as well. It means, anything that doesn't die even after 10 years in the crypto world is something that is good I believe. Litecoin has been around for over 11 years, and that’s something shocking considering even bitcoin has been around for just 13 or so years.

It means that Litecoin surviving this long means that it is doing fine so far and there is absolutely no reason why it shouldn't do fine in the future. I always believe that long term results of a coin matters more than what it has done in the last year alone, because it shows a good proof of the future.
2327  Bitcoin / Bitcoin Discussion / Re: Get Bitcoin Holdings for your child from infant. on: November 09, 2022, 08:44:03 AM
Someone that's always selling after their is little increase in bitcoin price, can the person hold for their children? I think if you can't hold for yourself, then you cant hold for your kids, I believe if their is little pump in bitcoin price then the person will still definitely sell and will want to wait for buy back when the price reduce again.
Not really, if it's your money, you can spend it comfortably, without thinking, but if it's your children's money, you will have to think a lot to make a decision. I have a baby and you know, birthday money or money that my wife and I save for her and we almost never touch it no matter how much we need the money, as we think doing so will form a bad habit and we cannot guarantee that we will be able to refund our child. I would rather borrow money than never use the money I gave my son, remember that is his future, he needs that money as much as we do.
I agree that you shouldn't spend your child’s money. I remember as a kid my family had a lot of troubled periods in our life, and it was understandable that they had to use what I saved aside, and I am not angry about it because they had to raise me somehow and there was a lot of money problems at the same time. But that did left me with the idea that "what’s the point of saving, it will all be gone one day when everything goes bad" and left a pessimistic idea in my mind.

So, I kept on spending it and not invest in anything. Even after I found out about bitcoin, I didn't save for many years, only years later I realized saving and investing into it would be a good idea.
2328  Economy / Gambling discussion / Re: Sportsbet.io 🏏 Men's T20 World Cup 2022 🏏 Discussion thread on: November 09, 2022, 06:39:52 AM
Considering that before the world cup Pakistan defeated Newzealand in the final match of tri nation series in Newzealand the odds for today's match look awkward. As usual Pakistan is a unpredictable team and in the last two matches they have played exceptionally well. Newzealand have been consistent with their game throughout the tournament but have been struggling with their batting. They have the best bowlers for these kind of pitches who have the ability to change the game.

It is very hard to predict this match but I feel the odds for today's match should have been same or a slightly different for both the teams.
Odds are okay because we all know nature of Pakistan team so in this big game, anything can happen, and New Zealand is surely currently one of the best team with their all round performance in this event even they lost final at home against Pakistan still they are capable of beating them here in Sydney as we all know after Pakistan, they have one of the best bowling attack in presence of Southee, Boult and Ferguson.

Batting is also doing good job from the start of this event and Philips and Conway both in good touch with Williamson is also having good time in this event and can play good role in this match for the first title of his career in this format as they already won first WTC in England now here they may do another good job for a remarkable result.
2329  Economy / Speculation / Re: How fast will Bitcoin fall down? on: November 09, 2022, 05:40:21 AM
On Coinmarketcap, there are over 21600 altcoins, yet bitcoin increased in value as the adoption continues.
To even think there were just 750 of them in January of 2017 when I joined this forum and now that whopping gap of almost 21,000 extra in less than six years says much about this industry. It's growing and evolving. Yes, despite all the additions none has been able to match Bitcoin. I would've expected that Ethereum topped it because of its smart contract. ETH does what Bitcoin can do and has an extra in its smart contract but ETH has continued to disappoint in that direction. It has an edge but then I know some people will argue that it's because ETH is centralized while Bitcoin is decentralized.
That is mainly because making a new token became very easy. Right now there are literally ready made codes for it, you download it, you change what you want to change like the name, the logo, the supply and such, and after you are done, that’s it. That’s why there are over 20k+ right now because it’s so easy, anyone with just a it of money can make their own token, in fact I can make my own token in 10 seconds, just rename it and publish.

Making them stick and actually means something is hard, because it would require a lot of hard work but just creating them is nothing. Most of the 750 you have seen in 2017 are still in the top 2017’ATH; I assume, all the new ones aside from a few ended up being outside of those prices because they just stuck.
2330  Economy / Economics / Re: Is recession coming actually? on: November 08, 2022, 07:45:23 PM
I personally feel that for now with the weakening economic condition, regardless of whether we are ready or not, it will surely come no matter which country is certain, even for a strong country, it will definitely benefit from this.
We know that the current state of the US economy is starting to worry that they are actually a country that has a really large economy, especially with a smaller country.
It's not a matter of being ready or not but we certainly feel that way.
Currently, almost all countries are experiencing depression due to recession caused by several reasons, the power of the state cannot fully withstand the recession, the world economy is on the verge of difficulty, even the superpowers are no exception.
Recession is a frightening specter for some countries that do not have independent economic power, this can affect the running of an existing government. It can be ascertained that the impact of COVID-19 is really real, the recession is coming to the whole country.
Governments could somehow manage to put it under control if they really wanted to, but it would be a very hard pill to swallow and no government aims at making the lives of everyone better in the long run, the aim of any government is to get more votes and stay in power. That’s the problem humanity has faced for decades after decades, the governments we elect do not do what would be good for us, they do what is popular and keep them in power.

So, keeping it this way at a damaging but not crisis level gives them "some" advantage, if they did hard recession measures that would make it very hard, and then they would be ousted, and won't get re-elected, which is not what they want.
2331  Economy / Economics / Re: Majority of Americans Back New Stimulus Checks To Combat Inflation on: November 08, 2022, 06:10:30 PM
This is really hilarious. So they believe that printing out even more money will combat inflation? The funny thing about stimulus is that only a small fraction of the money actually ends up with the common people. The vast majority of it is earmarked for various unions (especially the left-leaning ones), who have an aversion to hard-work and an addiction for free money. Within the next 12 hours or so, the midterm elections will be over in the United States. Biden can do whatever he want, without worrying about any electoral setbacks.
Do you really expect Americans to understand about economy? This is the same nation that pays more for insurance than they would pay as a tax, and still not get free healthcare.

Calculate it and you would be laughing out a lot, they are paying insurance +hospital bills that amount to maybe double the cost of what the tax would be, and they are calculating the tax from the current prices instead of lowering it because it would be just one buyer (the government) so it would be even cheaper, and they yet still do not go with healthcare because "I rather pay more for myself than let others get free healthcare!!!!", it’s America, they are not really that smart. Don't expect too much from them.
2332  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can we see a huge rise in the price of Dogecoin ? on: November 08, 2022, 02:04:01 PM
Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?
If he can be able to influence the price of cryptos in the past then why not now when he is now the owner of it? He can do more than just a tweet but he can make use of his favourite crypto as an official currency of Twitter to avail premium features. There will be a continuous demand for that coin which can make its value rise more stably. We can try on betting for that event but we should only use money that we can afford to lose.

A lot of us know that Elon's decision can change. It's possible for him to revoke the idea or change the coin with another one. We only need to watch out for this so that we can leave immediately before we suffer losses.
2333  Alternate cryptocurrencies / Altcoin Discussion / Re: Bear market Survivals on: November 08, 2022, 08:56:32 AM
Shitcoins are where the problem begins during the bull run as well and that’s why I hate them so much. I mean in reality, we are talking about a situation where it would be idiotic to invest, but people see them as a way to make quick profit and during the bull run it does become a quick way to make money and they all invest into it.

Of course when the bear starts, these shitcoins are the ones that drop a ton, and that’s a problem, we shouldn't really have something like that in the long run. I personally hope that it would end in the next bull run, but there is a big possibility that it won't and people would still invest into them.
When they give you 100x return during the bull run, you are going to end up risking it for the next one as well. There are a lot of people who invested in silly stuff, stuff that they shouldn't have invested into and they made 10x or more profit from it by luck.

This means they will have enough money to risk, because their 1k turned into 10k or even maybe 50k who knows, and that means they can spare 10k and put it in 10 other coins as 1k each. That’s what happens during bull run, but the moment bear run starts the first place people will withdraw their money from will be the risky shitcoins they invested into, so they will drop even faster and sharper than other trustworthy coins too.
2334  Alternate cryptocurrencies / Altcoin Discussion / Re: Play2Mint & Play2Earn Blockchain Games on: November 08, 2022, 05:48:32 AM
The blockchain gaming industry is still in its infancy, but there are a number of games that have been developed using the Play2Mint & Play2Earn technology.

Some notable examples include CryptoKitties, which has garnered a lot of media attention for being one of the first blockchain games to explode in popularity and seemingly taking the rest of the crypto-gaming community along with it.

With the rise of crypto currencies and blockchain technology, it's not surprising that there are now a few games which offer the option to earn real crypto currency in exchange for your gameplay time.
It will get there though, it will get there. One day we are going to have unreal engine 5 using, vast map, a lot of big details type of situation where every bit of the land is used and owned by people etc type of giant thing. It is not going to be this year, or the next, but "one day" it will happen. That’s what humanity is looking for, an imaginary land, a vast one at that, all of which is owned by the players, no house locked, no land out of bounds, every single bit available and owned.

So, people could have another life and metaverse (and maybe help of VR too) will make that happen eventually one day. When that day comes, it’s going to be a bit of a problem for humanity, because many will try to restart their life there instead.
2335  Economy / Speculation / Re: My advice to you regarding bear markets. on: November 07, 2022, 08:42:29 PM
If you want to reap beautiful results in the future? collect Bitcoin little by little.
And it's never too late to accumulate specially now the price is still cheap. Investors who are used to seeing the price turning up and down are aware on what's the best thing to do in times the market is in bearish. When the bull season occur, investors who bought during cheap price will realize that it's worth the wait. Of course the risk is still there, so invest only the money that you can live without.
You are 100% right, since the price is low right now that means we still have a lot of time that we could end up buying and that means people should be going in right now before it’s too late. I know that a lot of people are afraid of the current price but that doesn't mean that they should stay away from it as much as possible, they should be getting in even closer if they are afraid.

The reality is that the "scary" prices are the real place when you should buy because when people are scared that means it’s at low and good price, when they are happy that means it's already too late and many already bought it. That’s the very distinctive difference between low and high prices.
2336  Economy / Speculation / Re: BTC, more closer bullish days ahead. on: November 07, 2022, 08:18:19 PM
I do not see the price of bitcoin rising early next year. We may have a small pump this year, especially this month, but I think that's it. The market is still very volatile right now and the most I expect is a little pump this month then will eventually go down next month that will continue unto the following year. It is normal that there is a small pump in November as it is always like that in the previous years as well.

As most are expecting, there will be no major pump until the next halving or the year after the halving. It is already an established pattern unless it is broken this halving. I am inclined to prepare for that event rather than catch the small pumps here and there en route to the bull market after the halving.
Why do you think that it would be possible for bitcoin to have an increase this month but not for the few months early in the next year? During the spring entry period (let’s say end of march) it could be over 30k and I think it could stay there. It’s a whole 3 month period and that would be quite good time to increase the price if you ask me.

I know it’s not an easy task, but it’s also not something I would be wary of neither. The best case right now is to get the price going already, like in this month if it reaches 25k then in 2023 it could be even 40k, but even if we fail now, then it could just be 30k+ in the start of the next year and I believe it is totally possible.
2337  Economy / Economics / Re: Bitcoin as a secure investment amidst recession on: November 07, 2022, 06:49:21 PM
In my view, other investment options besides Bitcoin as a safe investment in the midst of a recession are real estate as one of the best investment tools for the future because it can continue to grow in value even when the price drops. This is relevant to looking at housing needs where demand increases with the increasing population. According to me,
I do not agree with it, because real estate is something that is tied to a situation there and too risky. Literally just one shooting in front of your house could make it devalue like insanely. I would prefer crypto, a basket of sorts where you have some great ones, and then just leave it be and you could make a huge profit from it.

Other methods like gold, stocks, fiat, real estate all of them feel like it’s not even remotely close to what it could give you when you compare it to crypto and that’s a big part of the problem. I am not saying that everyone should do it, if you do not want to, then it’s your own personal choice but I will definitely only invest into crypto.
2338  Bitcoin / Bitcoin Discussion / Re: Is it cheaper to send Bitcoin or Ethereum directly? on: November 07, 2022, 06:20:30 PM
One of the "propaganda" or marketing stunt that I've read from some blogs before the transition was the improved scalability and that lower gas fees usually comes with it. I don't recall them saying it will take another major upgrade to address that issue so that's where the confusion usually comes from.
There is "some" scalability in the sense that we could maybe have more or less in ETH transaction depending on the period we are comparing. Right not, it might be seeming like a little bit better but in the long run it is not really that much better, it's close enough.

It was always about the fact that we would have something that will pass the all "late" transactions, and then start anew, and then we would be able to pay a little less, like a bulk order, and afterwards it would all go back to normal like how it was a year ago. Bitcoin is better thanks to segwit right now and I believe in near future devs will come out with an improved version of segwit which may solve scalability issue permanently.
2339  Bitcoin / Bitcoin Discussion / Re: Sports and entertainment industries could play a big role in Bitcoin adoption. on: November 07, 2022, 05:22:50 PM
Sports and music can have a big and important role in the dissemination and development of the Blockchain in general, and not Bitcoin in particular, because as far as I know, no sports clubs or music companies have adopted Bitcoin, but rather they have made their own coins, most sports and music teams have their own tokens that their fans buy To make donations or buy tickets, team products, etc. to support the team through these tokens. So I don't see any significant role these sports and music teams could play in the adoption of Bitcoin.
Honestly that means they have been part of the blockchain revolution and that is fine enough for me. Having your own token as a sports club means that you could actually give part of the club to the fans, and in return they would have some say in the club. That’s a good thing, it allows people to be part of something bigger.

Like the rewards system, they could buy a good number of tokens, and then get tickets cheaper, or a jersey for cheaper, or could buy some tokens and meet a player etc etc. These are all great incentives, giving the team a good amount of money, and also making the fans a lot happier to spend their money knowing it goes directly where it should be.
2340  Bitcoin / Bitcoin Discussion / Re: Why i believe in bitcoin!! An amateur's outlook. on: November 07, 2022, 02:40:50 PM
I guess that's part of the natural evolution, I mean when people says that a certain invention is going to fall and it will be doom, guess what, it will go the other way around. Just like in the beginning, yes many people invested on bitcoin but sell early because they think it's going to die. And majority of them are not regretting their decision to sell early because bitcoin really took off in the last 10 years or so. Not to late to invest right now, the price is very cheap so take advantage of this situation.
It's true as you say it's not too late to invest now, because we have to take the opportunity to buy bitcoin when the price goes down, because we learn from the bitcoin price in previous years when the bitcoin price shot up all regretted selling bitcoin early and couldn't wait to hold bitcoin longer, I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.
That is something only the smart people will understand when they check it. Reality is that you have to understand the price will always recover and will always crash, it is a cycle and if you take advantage of the crash, then you will profit from the recovery.

Not many people can do it, and I know it could sound shocking to many people here, but I have seen MILLIONS of people who sell when the price goes down. That is counter productive I know, and it is something that will make you lose money and that is why you should not be selling when it's going down, it's wiser to buy when the price is low like right now but only people like us know what is right and what is a mistake.
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