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2421  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: October 19, 2022, 04:56:12 PM
Quote
Instead borrowing fiat from a bank, or a loan shark, with a high interest, why not just wait for the bull run and sell half of your Bitcoin in the next ATH and use that to invest in properties, I guess that's much better than lending because if the bearish season will be like the past one, it's gonna take some years before it gets bullish again.
Yes, that is the best way to overcome such challenges in the community,because borrow money from the bank or clubs to invest on bitcoin is not advisable to bitcoiners than to invest the little capital you have on bitcoin and wait for the bullish season to come before you can sell to make a huge income from your investment. Since we are still experiencing bearish market, I think any amount of money you invest on Bitcoin now, it will help you in future when the price of Bitcoin hit higher soon before you can sell to settle some debt you own than borrowing money to buy Bitcoin.
Depends on what type of loan you are getting. I talked about this before, since the price is low right now, if you could get a loan that you could repay back yourself then that’s not a bad loan. What is a bad loan? If you get it, and then you buy bitcoins with it, and you have to sell your coins to repay it back then it is a bad loan and you shouldn't take it.

But if you take it, and then you end up with paying it back without selling your coins, that means it was a good loan because you paid it back AND you have your coins staying. That’s a good loan and you should consider it. Learn the difference and you should be doing a lot better in the long run.
2422  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency should be infused to academic systems on: October 19, 2022, 09:53:52 AM
Idk, crypto sounds like it could fit in a few subjects, if it was as a method of payment then I don't think it's needed, pretty sure my school did not teach me how to use money. If it's integrated in the system people would naturally learn of it imo. I also doubt it could be taught as an investment since there are a LOT of investments out there, never seen a school teach about those. The development side might be interesting though it's rather specific ig? It's more like a project kind instead.
School just cannot explain what economy is to children, for 2 main reasons. First of all, if we knew how money works, then we wouldn't go to jobs and work for money, we would let the money work for us, the moment we have even just a little bit, we would all gang up and make it work for us, we have seen a similar situation with GME and wallstreebets.

However, there is also even a bigger thing which is the fact that if we knew how money works, then the rich people at the top cannot rule us, so they need us to not understand it and think it’s too risky to get in, but not doing it is even riskier because we live a poor life. So, education on economy can't be in schools to protect their investments.
2423  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your criteria for selecting projects? on: October 18, 2022, 09:05:32 PM
*VC backing the project
You can easily spot if the project has a good financial status to run the project properly in long term if you knew that there’s private company behind them to finance there initial operating cost.

*Community Exposure
Project that is trending on social media is always gives a boost on the project exposure.

*Layer1 and Layer2 blockchain project is the only project I trust besides those phenomenal project.[/b]
I only choose this type of project because it’s for long term and profitable in the long run since it’s the foundation of crypto and not just a hype idea.

*Strong Marketing and PR
Typically great project is partnered with established project and also they have a strong marketing which is a sign that they are serious about there project.
VC is a good idea, but it could be "fake" as well, check the VC before you invest, there are so many capitals that doesn't even have proper name, and they just "back" projects for backing sake, to grow their name and structure, if it is a good one then you will see on their website what they have backed before and that’s not even enough, go to websites of those projects and see if they agree to it as well.

In that case you could invest, trusting it’s a good VC, but before that, just because there are bunch of VC names there, doesn't mean they are good, it could be multiple fake VC's only in the name and wouldn't really change anything in the project neither.
2424  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ethereum is Dropping After the Merge? on: October 18, 2022, 08:18:21 PM
If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh Huh
it seems the title of this thread is the most discussed in this forum, but I am happy to answer every question that comes, why the price of ETH is dropping is that we are in a bear market and inflation is everywhere, war is coupled with rising interest rates, but most often people answer is that the trend for news merge is over and they are selling the results of the news that has been announced everywhere about the merge, but you don't have to worry you can buy it now under $1300 that is a very cheap price for ETH
That is a good reason, but the idea is that why we haven't seen hype? I mean the reason why it was already low, and stayed low is the things you talked about, but people expected it to do a lot better in the long run right after the merge because they believed we would have some sort of hype, and we didn't get that hype.

If you are saying that all that inflation and war reasons that kept it low, is also the reason why it didn't cause any type of hype as well, then I would understand it, but I felt like it would have a hype during the merge period even with all those things, because it should have responded to it somehow, but maybe I am just wrong.
2425  Economy / Gambling / Re: All the truth about Crazy Time! Is Crazy Time Rigged? on: October 18, 2022, 07:15:01 PM
Based on the link you provided, it looks like higher odds bring a lower chance of winning
If you are a gambler you will know this already. High odd means less chances of winning but in return of it is that the profit that you are getting will be a little bigger. This is why I love playing this mode compare to low odds where I need to risk big only to win small and low odds doesn't always mean that winning is guarantee. I even think it's more risky since I can lose with it all the time.

Provably fair games were made as a way to escape this sort of thing though, perhaps you should find one of those or something else that's less likely to be rigged if you have doubts on the wheel.
Provably fair is being used to have a proof that games are legit but the game still revolves around the odds. I search if evolution gaming is legit and the results are shocking. I didn't expect that I will read many negative feedbacks about this provider. It's not only about the wheel game or crazy time but all of the games they provide can be rigged as well.
2426  Bitcoin / Bitcoin Discussion / Re: #btc Hashrate Reach New ATH a day ago, will the bull run has begun? on: October 18, 2022, 05:36:32 PM
Hashrate increase has no reason to drive the price up. People don't really care how much hashrate Bitcoin has as long as its enough to deter attacks. Adding more and more security has diminishing returns past certain point, and security is just one of the factors that influence Bitcoin's value. So, I don't see any way how can a hashrate increase trigger anything that can count as a bull run.
You took it the wrong way around. It’s not the hashrate that goes up and then people buy, it's people buy and hashrate goes up. The question here is this; if the miners are once again starting their machines up and mining at a peak level, does that mean there are a lot of buyers that make it worthwhile for miners to do that?

Miners won't do it to just make it look cool and break the highest level, they do it because it's profitable, and if it is profitable to go that high, that means is there a lot more buying pressure coming up. I believe it’s not right now, but it’s getting closer and miners are getting ready for that, it does make sense in the long run.
2427  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 18, 2022, 02:48:41 PM
I really don't feel that the Big 3 project is going to be revived if the Big 3 does not have unity among themselves. And I also believe that not having the Big 3 model at all is going to be beneficial for cricket in the long run. The problem is even though we are thinking that the Big 3 is not coordinated they might still come together just to have this model revived. But I think that ICC alone should have the authority over cricket. If ICC cannot be the lone authority over all the cricket boards then we shouldn't have ICC in the first place.

Actually, I don't think that the Big 3 is going to get revived. However, if the cricket boards and ICC have some understanding between themselves it is going to be a lot more hazardous for cricket.
As of now, ICC is surely one of the biggest joke around the sports world because of their poor management and weak policies which are creating problems for them and no one going to solve this even for the personal interest they are creating more problems here now time for having a big discussion are they serious for this game's development, or they are just going to for their own interests which are surely going to be the dark future of this game BCCI's greediness is going on their high for more stake from media rights even they are the biggest market in the world now it's time for having big heart and allow things could be fair and for the better development of this game they need to scarify few points which will surely increase funds for associate countries which will bring better results.

Here are now all boards surely need to sit and talk about this all as it's right time and for me if India is going to be fit in these policies then surely we can expect big issues in this sports organization and this game could be bigger loser in this all issue.
2428  Economy / Economics / Re: Against the British pound, Bitcoin trade volume shoots up!! on: October 18, 2022, 10:08:51 AM
With inflation hitting the UK and causing financial unrest, some experts look to Bitcoin as they feel it could make a positive impact on their some what unstable economy..
 According to data shared by James Butterfill, head of digital assets at Coinshares, shows that trade volume with Bitcoin as against the British pound climbed to a high of $881m as of Monday, 26th Sept.!

Meanwhile, the average trade volume between BTC/GBP on a daily is about $70m, invariably meaning an increase compared to the standard of 1,160%.

 With the rate at which the GBP tends to experience volatility, it would only be wise to look at other means. Like becoming a Bitcoin hub for instance, since adopting it will seem a bit of a stretch, Gabor Gubarcs tweet summarized.
 Furthermore, this decline in finance in the UK seemed to have become noticed since the introduction of Prime Minister, Liz Truss' fiscal policies, an analysis proved.
Yes, it increased. The current inflation rate in the UK (as compared to the rest of the world) is very high.
This has changed many people's trend to start investing in the Bitcoin market.
Also, another critical factor is the dramatic fall in the value of the British pound against the USD. I think this can cause a massive volume shoot-up in the bitcoin trade.
UK pound needs to have a higher interest rate in order to fix this situation, Europe and UK do not feel the need to do that, they haven't increased it as much as FED did, which causes the inflation to not recover right now. Look at USA, they have recovered to a point already, not doing great but they are doing fine enough compared to Europe.

Because they increased it a lot, as far as I can remember it has reached 2x higher interest rate and will go up even more soon, because that’s the solution. As long as UK keeps going with their horrible financial planning and the whole "let the market fix itself" approach, it will keep on going worse.
2429  Economy / Economics / Re: Running a successful business in most developing countries on: October 17, 2022, 03:10:03 PM
I'm a businessman and I also use some of this as a guide to run my business. I'm a vegetative farmer. Most of this tip are useful in running my business and that is why I always try to post them here to guide others who can't easily search for them online.

I'm not only copy- paste there but I use this as a guide for my business and it has been helpful.
Good to hear that this advice came straight to you and not just copied from some sites outside because you know, we have lots of those threads already and the sharer of those threads didn't even applied it out but I think their only motive on why they create such thread is to get a merit but still, most of them aren't being awarded by a merit.

I have never run a business but once opened a small restaurant and failed. Honestly, these tips don't stand out to me, I believe anyone can know about them once they decide to open a business.
A small restaurant is a business but can you share the things that you do on why your business has failed? I guess there are things on the op's list which you didn't followed. I believe not all business owners knows those tips automatically especially if it was their first time and then they also rush. They will mostly fail. It is better to plan first and get tips online to help you became more successful.
2430  Economy / Speculation / Re: What will happen to BTC & the rest of crypto if the US will default on its debt? on: October 17, 2022, 11:44:01 AM
if they intentionally default on their debt, they certainly have a bigger plan behind them, not simply defaulting to harm themselves, while they are the number 1 power in the world. so in case they do it on purpose, crypto will not be an option for everyone unless the US government controls it or they want that to happen

the US is the country that owns the USD printer, and the USD is dominating the world, so they can print as much as they want to pay off their debt. in other words they are the country that exports inflation to other countries
That is the key, US has a lot of power, and even during this period we have seen Europe go into recession earlier, and we have seen 1 euro being equal to 1 dollar even though euro is used by all of Europe (almost) and dollar is based on just one nation. That should tell you how big dollar is and how strong USA is, and that should be something we need to address because we cannot allow just one nation to be that strong. It just doesn't make sense to give them that much control over the world and do whatever they want.

The debt is a good proof, everyone trusts them so much and have no other option that, they accept USA with so much debt, which is unacceptable.
2431  Economy / Trading Discussion / Re: I need help on Option Trading on: October 16, 2022, 09:25:01 PM
Just like traditional trading, futures trading has been a very good innovation in the crypto space, yet I still feel incomplete without trading Bitcoin with Option. I was happy to see the Option trading feature with Binance, which is my only exchange, but they offer a different kind of Option trading from the traditional one I know. Their style of offering is designed to make one lose as your winning is not guaranteed even if the difference between the striking price and the price at expiration is in your favour.
Option trading is not a place for people who need help. If you need help then you shouldn't be trading options. I have been in crypto for longer than most people here, and even I do not go into it. Because, I know that if I need help and I can't do it, then it is on me and it’s my own problem and no one else’s.

Everyone should be aware of it like this, you can't put the problem on someone else and ask them to solve it, getting help on how to learn is like that, because you want others to take the responsibility and teach you stuff, and you shouldn't rely on the kindness of the strangers, it wouldn't really make sense in this situation.
2432  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to stake stablecoins with insurance? on: October 16, 2022, 08:14:21 PM
There's no insurance for staking stable token. This is crypto and you can't think if crypto just like a bank that will give you more guarantee for your money. The risk will always there. That depends on you whether you have agreed with such condition or not. I meant you must also aware that if these days anything can happen with the platforms just like when it has been hacked by hackers. So, you must think for twice before try to stake your money.
There are too many people who are looking into something that would be secure and trustworthy and they could still make some money. Unfortunately that doesn't exist, and they will be losing all of their money if they are not careful enough.

This isn't something that could happen too rarely neither, they could lose their money all the time, at every corner of crypto there are people who are looking to make you lose money, and if you are not careful then you will be trusting them as secure place to invest and stake stablecoins, and you will never be able to withdraw it back. So only do it in places like Binance or similar, just to make sure it’s a place that doesn't need to scam you to be rich.
2433  Alternate cryptocurrencies / Altcoin Discussion / Re: Terra Luna Classic - Take profit or hold? on: October 16, 2022, 07:05:51 PM
A coin that has been subjected to such a dump will never again be an object of investment for large capital. Now this coin has turned into a dummy, which is maintained for the sole purpose of pump&dump. Therefore, if your position is in profit, you should close it and invest in more promising coins.
There will be a day when 100% of the people will realize this, but that is not today. We are seeing gradually everyone leaving, one by one, but right now there are still some people who lost so much money that they still hold onto some sort of belief that they will find a way to fix it, I am not saying that it will make any profit, but they are trusting that they will at least get like 10% of it back, because that’s a huge profit for them compared to right now.

Unfortunately, that’s not going to happen, it won't recover that much, and that means all these people lost their money and to tell them "it’s all gone" is not something they can accept easily.
2434  Economy / Speculation / Re: Why speculate when you can be at peace with Bitcoin on: October 16, 2022, 09:29:44 AM
One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.
People have a different strategy and plan for their investment. I know people who earned a lot of money by using the speculation of crypto. Actually, it is up to the person who wants to make strategies based on their goal and market conditions and try to execute them in a different circumstances. There are plenty of opportunity in the market so it is wise to stick with your own methods and wait for it to work.
Speculation of crypto is something that could be very profitable if you know what you are doing. I know it’s not as lucrative as it sounds to many people because it’s a very hard thing to do, but at the same time there is a good amount of people who do this very well and they end up making a lot of money from it.

I personally cannot, because I am not good at it even though I spent years on it, but I know friends who turned 0.5 bitcoin (which wasn't a lot back in the day) to 100+ btc, which means that it is possible. Knowing that it is possible is not equal to you being able to do it, I know it’s possible and cannot do it myself, so there is a big difference.
2435  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 15, 2022, 04:40:22 PM
We were sure that we would see Pakistan and India women's teams in the final of the Asia Cup. But we didn't think other teams would show such a bad performance. Sri Lanka's performance is deteriorating day by day. Sri Lanka women's team scored 109 runs in the previous match against India as well. My estimate was that they will be able to provide more than 100 targets in today's match as well. But they lost four wickets for 9 runs in just 4 overs. No player could stay at the crease for long after such a failure by the top-order players. Inoka Ranaweer scored the maximum 18 runs for the team. Indian opener Smriti was unbeaten on 51 off just 25 balls.
After Pakistan's upset win against India in group stage there was good hype about this final but sadly in semifinal Pakistani women's fail to score 9 runs in last over and lost their match which was a good-spirited win by Sri Lankan after this performance many were feeling a good competition between Sri Lanka vs India in final but sadly a good bowling and the worst batting from Sri Lankan women's ruin all things and India won this match easily without any resistance.

Now Sri Lanka is team which lost fifth final and India won this title seven time with one time won by Bangladesh, and they never reach final after this win Pakistan lost final two times with this all we can imagine how things are going here in Asian cricket.
2436  Economy / Trading Discussion / Re: Copy trading profitable? on: October 15, 2022, 03:38:21 PM
Crypto exchange like Bybit or Kucoin doesn’t have that kind of strict requirements when it comes to lead trader because it’s based on your ROI and winning rate to become lead trader. Lead trader feature is only available on bot trading and not on regular spot or futures trading. Copy trade on exchange are meant for traders that use the bot so you can become a lead trader without being notice by you if you setup your privacy that allow copy trading.
At the end of the day, lead trader is something to be careful about and there are not that many people who would be able to do that without needing some technological input. I mean it is clear that there is a need for a bot trading, or some signal tools, or something of another, because without those things you are not going to end up with anything good in the long run.

People who trade manually without needing anything else are not professional traders and they can't be at the top. However, you could end up with something that is doing a lot better and you would be profiting at a level where others can't if you do long term investment instead of focusing on lead trader.
2437  Economy / Speculation / Re: BTC Sentiment Poll for October on: October 15, 2022, 08:26:03 AM
^  Ok...  So if it's going 'down and down' at what price do you think BTC will drop into?  Is 15k a possibility you think?  Looking at the chart right now, it feels like 17.5k - 18k is protected.  There are market forces out there not allowing BTC to drop down below it.  And it could be different groups doing it to protect their bags and their self interests.  I could imagine miners doing it, exchanges too.  Maybe even guys like Michael Saylor could be in the mix.  I'm not saying they're working together, just saying they're there.
It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.
There are too many people who are afraid of price being lowering that fast, and we all know that it won't, it's fine though they can believe in whatever they want to, it's not really going to change anything. I personally believe that the best thing to do right now would be buying up bitcoin for the future profit because I am a bitcoin maximalist, and I believe that even when there are some falls, the long term trajectory of bitcoin is always up, and that's an important reason for me to invest into bitcoin.

This is of course not a guaranteed thing, but it is a good thing that will help us in the long run. This is why it's best if we could invest now, but be careful anyway.
2438  Economy / Trading Discussion / Re: Is it possible to calculate how much the price of BTC? on: October 15, 2022, 08:04:12 AM
BTC's circulating supply is now 19 billion million out of the 21 billion million caps...
The only reason why the price of any commodity, including bitcoin, changes is determined by supply and demand. And if buyers refuse to buy bitcoin at the price of 70 thousand dollars, then sellers will reduce the price until this price satisfies the other side. Therefore, it is impossible to accurately predict the value of bitcoin without knowing the general state of the economy by the time BTC reaches Max Supply.
That is a good approach, not really thinking that you would be making a good profit no matter what is the key to this. There are too many people who are ending up with something like an idea of what bitcoin will do at certain point in time, but the reality is that they have no idea bitcoin would do, I am guessing that the best thing to do would be making sure that bitcoin could be anything by the time it reaches there and the general economy of the world will also matter into this.

I hope that we can realize this soon enough and not really go overboard with it too much. If we know what we are doing then it should be fine in the long term, just don't take too much of a risk and think you know it all.
2439  Economy / Trading Discussion / Re: Payed trading person to follow on: October 15, 2022, 06:58:04 AM
what you do will make you more experienced in trading. keep going and you will get to the goal. Don't be afraid you will risk a bigger loss because you are in the process of becoming a successful trader.
but we can't deny, many signal groups do sell and share trading plans. they even create accounts on exchanges that have copy trading features for them to apply to members.
That's what we should do if we really want to have the ability to trade so that we don't have to rely on other people's abilities or even wait for them to give signals. It will also be better for us because by continuing to learn, our trading skills will get better over time.

But maybe he can try to get signals from groups but I suggest not trying to subscribe to signals from paid groups because the results might not be worth it. For copy trading, I also don't recommend it because we also won't always be able to profit and risk losing if we choose the wrong trader.
Learning how to trade all by yourself requires both patience, and hard work and people do not want to have to deal with those two. It requires patience because you need to study for a long time to learn how to be better, most of the time it doesn't mean that you will be bad for years, but it is very difficult to be good on the first month as well.

It also requires hard work because you can't just study 10 minutes a day and be good in a month, you need to study for hours each day for months to be good, and not many people have that kind of dedication to things. This is why they prefer signals or people to follow how to trade coins to make money instead.
2440  Alternate cryptocurrencies / Altcoin Discussion / Re: CPI and Inflation rate discussion on: October 15, 2022, 06:10:41 AM
What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?
I think the current rise in global interest rates has caused panic in the traditional and cryptocurrency markets, in the middle of last month after CPI announced data that inflation continued to increase and made the bitcoin price drop to $18k where previously the bitcoin price stood firmly in the $20k area, however although currently the global inflation rate continues to increase but I am not sure this will make bitcoin plunge to the level of $ 10k because so far the lowest bitcoin price is at $ 18k.
I believe that type of small drops do not matter, they are not really news worthy any more because we dropped from 68k to 20k, another drop from 20k to 18k wouldn't be really a reaction in my eye, that's just a regular Tuesday and nothing more.

However, the idea of it still stands, the inflation is high and we are fighting it with high interest rates, which means more money is withdrawn from assets and put into interest and that could be quite risky and dangerous for all of us. As long as that keeps on going, we are not going to end up recovering from anything at all. Hopefully we could eventually recover with rates going down, but it may take a while.
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