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2541  Economy / Speculation / Re: Does anyone think it will be much harder to buy bitcoin later on down the road? on: September 20, 2022, 12:00:29 PM
Different countries will set rules as Adoption of crypto increases, some maybe open for now and didn’t include any tax but later on as they see how the adoption and number of user increases they might also consider it. But surely it will be much easier to buy bitcoin by that time since they have already pattern or guide to use since there are already Governments now who is implementing stricter rules in buying and selling crypto. When it comes in accessibility it will be more accessible in the future as crypto adoption rises.
I am sure taxing will be implemented one way or another. If you know about governments you would know for sure that their sole income is usually the taxes, or at least biggest in all cases, they take money from us when we are earning, they take money from us when spending, they take money one way or another and that's it.

This means that we are going to end up with them taxing crypto too, if they can find a way to tax the air we breath, they will do that. And not like this is just one nation, every single nation in the world does this, some maybe spend that tax on good stuff like education or healthcare, but some spend it on making themselves richer, that's the only difference.
2542  Economy / Trading Discussion / Re: How can all (or most) cryptocurrencies rise and fall at the same time? on: September 20, 2022, 06:36:33 AM
The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
They adhere to a general trend, with Bitcoin remaining the one that they largely follow because it is still the best cryptocurrency to use. Additionally, the general mood of one sector of the market typically affects the other sectors, thus when Bitcoin is down, it certainly raises a negative mood (for the most part) in the altcoin sector. Not to suggest that altcoins don't have their own market; pumps and dumps still differ from coin to coin, but most of the time whales are controlling how much a market pumps or dumps.
It is understandable because people get into crypto world via bitcoin mostly, and then they start to look at other things as well. Not all people but most people buy bitcoin as their first coin, and then they could end up buying other things for bigger returns if they get greedy, or they could be like me where they end up with just bitcoin and maybe a bit of eth as well.

It is clear to me that it is the best option, but also more than that we have a HUGE futures market as well, people long or short bitcoin a lot too, and that is even bigger peoples market, billions change hand there everyday which causes the market to be huge and bitcoin being bigger than all others.
2543  Economy / Trading Discussion / Re: Crypto agents on the increase on: September 20, 2022, 05:41:49 AM
It’s better to be extra careful and be exaggerated than to regret it at the end. I don’t pit all my investment in one wallet same with I o try to invest in other things like real estates and gold than putting all in crypto. We know how scammers will always find way to get victim so we must be always attentive in every link we visit and every code or password we type in. Even before there are already many scammers and some where also able to create their own projects and once succeeded in the ICO they all just run and hide. We should be smarter and learn from our previous experiences as well from experiences of other to avoid losses. Just keep in mind that scammers is always there just waiting for us to bite their plans.
That's an option that you could use, but not many people have enough money to buy real estate for example, and I dislike gold because it is definitely not that much better. Think about it this way, gold is an asset that you invest into and it either goes up or down, but when was the last time you spent gold to buy something?

On the other hand, we are talking about bitcoin which is also an investment that can go up or down but you could also spend it to buy something as well. This is why it is such a better option for me, and I do diversify my portfolio as well but within the crypto world, sometimes it looks futile because they move together but the amount they go up or down are usually different.
2544  Economy / Economics / Re: How to be more effective working remotely. on: September 19, 2022, 09:10:59 PM
The best way to decrease effectiveness of working remotely is to decrease amount of elements that can distract. Working place must be far away from kitchen, food or TV. Separate room is a must. Also, dress code is necessary. If you work from home dressed in sleepwear, lays on sofa - then your working day wont be productive. Your remote work will be sort of a working from vacation.

I would suggest to simulate office working day while working remotely. Work from separate room, dress appropriately (jeans + t-shirt is ok), make timetable (when you have a lunch and 15min rest). Otherwise remote work will be not a proper work, but an addition to relaxing at home.
I do this mostly, I am away from kitchen or living room or anything, I have an "office room" of my own where I just have my books, and my PC, and I keep working here with closed doors because it allows me to just focus on the good parts of the working day, and doesn't have any distractions. However sometimes PC itself could be distraction, there are so many websites you could go to and get distracted, a simple youtube search could literally cause you to lose hours upon hours, so you should be careful.

I disagree on clothes, many people say it but I never liked it, not only it doesn't work, it also makes me feel uncomfortable and unless the point is to be uncomfortable enough to want to finish work quick so you can take the clothes off, it doesn't work for me.
2545  Bitcoin / Bitcoin Discussion / Re: Well! Bitcoin doesn't have this problem on: September 19, 2022, 07:46:59 PM
The problem I see here is the part where the hospital or the one doing the services would have a hard time dealing with crypto because they might have to do some legal stuff in accounting to account for that. It will depend on the acceptance of BTC. If the hospital is willing to, I think it would be okay, or find someone willing to trade it for you locally.

But I think the lesson here is that if you controlled the actual wallet, she wouldn't have been in that situation; I think we should all agree on that.
I am sure that most of them do not know how to do it, but they could always end up learning about it or hiring someone who already knows about it. That way it would be simpler and it would make sense, I am not saying it is going to be something that would be a big deal, it is an easy thing to do, if all other places in the world starts accepting bitcoin, then hospitals would have a field of people who worked in crypto related accounting jobs here and there, and they can hire people who have done it before.

I agree with the wallet deal though, crypto gives you the full power and nobody could take it away from you, it is your money and will always be your money.
2546  Bitcoin / Bitcoin Discussion / Re: Bitcoin all over news so not unknown fiction anymore on: September 19, 2022, 07:12:40 PM
People who said its something strange now start to get interested about bitcoin.
Its all over news and btc is mainstream now

People trust now btc becouse they dont trust things what not supported by well known people.
More investors will jump in couse of ELON MUSK .

Those who trust tesla trust bitcoijn now
Wow seeing the OP’s post, it really gives a nostalgic feeling.
Really at that time Bitcoins were really in hype due to the high price and Elon musk’s twitter posts.
Nevertheless this time will again come , where people will again rush and panic to buy the Bitcoins due to the price high. And big businessman like Musk etc will do big posts about Cryptos.
As OP mentioned, yes Bitcoins are quite popular now, and each and every person have now heard about Cryptos.
Those type of hypes do happen all the time, usually it stayed with social media but this time around it became part of regular media as well, you started to see stuff about bitcoin and even smaller coins in the crypto world about altcoins as well.

I remember watching "coin founders" online as well, made no sense to me since I prefer decentralized projects, and seeing people who created their own coins to be talking on TV made no sense to me, it was still a good thing about media having some attention period towards all cryptos. Now we are back in bear market and not see that much on TV, we hear about it on newspapers but not on TV, which I am sure will change when the bull comes and we will be back on TV again.
2547  Economy / Economics / Re: What is regulations turning into on: September 19, 2022, 06:44:30 PM
Although we hate it, the real truth is there was no real decentralization or privacy practice either from exchanges or online wallet services like coinbase. Yes, there are full of regulations on the crypto space and it was the same in real life. Anyone of you here, can you buy alcohol without giving your driver's license in the US? Small details like that showed that both on-chain or off-chain, are still full of regulations and at some parts, we have to show our ID or KYC to get anywhere over the process.
When I saw Tornado Cash got sanctioned by the US, no surprise here.
Decentralization is not with you, it is with the coins. What you do with coins will never be decentralized, exchanges, wallets, trading, they are all under supervision of the government and so forth, which means that you shouldn't really be worried about it but that is how life is going to be like.

However, bitcoin itself is decentralized for example, it can't be controlled by anyone, in fact ETH is decentralized too, maybe we merged into another fork and another chain now, but that was decided all together, if we decided not to then it would have been a trouble. All in all we should be happy with what we have, not more.
2548  Other / Politics & Society / Re: The economic danger of China and Taiwan war on: September 19, 2022, 05:39:50 PM
I can say that the US and NATO will not be weakened if they can supply Ukraine with unlimited weapons. Instead, they are rather timid about supplying Ukraine with weapons, weapons are limited and how Nato's soldiers will fight without weapons in hand. Aid is a problem that is causing headaches for the US and EU because if Ukraine cannot end the war with victory, it will be a huge loss for all that they provide to Ukraine. There have been many warnings from military analysts that if aid continues to Ukraine, both the US and EU will deplete their arsenals.

I think they compete for Taiwan there, the semiconductor industry plays a key role in Taiwan, everyone wants to own it.
Let me put it this way, USA supplied Ukraine with 1/10th of their yearly budget, and it has worked wonders and Ukraine has managed to push off Russia already, and that is literally just 1/10th of their budget, probably less. They sent about 40 billion dollars worth of military stuff, and around 40 billion dollars worth of cash or equal stuff, like to buy these things or food or shelter or clothes etc for people, and they have 800 billion dollars budget for military each year.

So, imagine the scenario where Russia and USA goes against each other. Obviously it would be horrible due to nuclear weapons that will destroy the world, but if we remove nuclear weapons, Russia would fall within just a few months, if 40 billion sends Russians back, think of 800 billion per year could do to them.
2549  Alternate cryptocurrencies / Altcoin Discussion / Re: Fan Tokens on: September 18, 2022, 09:16:40 PM
I'm sure not many football fans buy or own this fan token, so I guess it just looks like bullshit, I love football but maybe don't want to also have this token as an investment, if you believe it's a good investment invest in yourself alone
When it comes to investing, a good investment is one that is profitable, There is no difference between a fan token and a meme token in my opinion. They are useless but can be pumped by sharks because the biggest football event on the planet is approaching, so they have the potential to be profitable.
If you have meme investment then investing in Fan token is not a trivial matter. as long as you invest with enough money to lose and don't hold them for as long as a real investment like bitcoin or top coins.
Hype is not a good enough reason to buy a token though. I mean if it's hyped then it will make you some money that is true but what if it isn't hyped? Why take that risk? I would personally discourage everyone to do something like that.

The better result would be just focusing on something that is a bit better by investing into fundamentals of a project. Look at the biggest one, bitcoin, it is by far the best rated one so far and ranked at the top, these tokens needs to provide me with a better reason to invest into them rather than bitcoin and so far "it could go up a lot if hyped" is the only reason people can give me and that is not a good reason at all.
2550  Bitcoin / Bitcoin Discussion / Re: Why do you think bear market is affecting Bitcoin (Crypto currencies) so badly on: September 18, 2022, 05:33:31 PM
Crypto investing is indeed just like investing in any other business. But investing in crypto can be done by almost anyone who wants to profit in the future or, say, a few years later because we can start investing in crypto with a small amount of money. That's why people can start investing in crypto, especially those who don't have much money to invest. But unfortunately, not everyone has the mindset of an investor who thinks that by investing, they can earn a hefty return in the future.

Many are still afraid to invest in crypto because of a scam or something else. But it will all depend on how they can get the right coins to invest. And if they just chose bitcoin, I think it would be the right decision.
People see it as go all in right now and wait for it to go up type of investment and not like 401k type of retirement fund. I rarely ever hear someone who puts up a certain amount of their salary into bitcoin every month, and plan on doing that until they retire.

I keep saying that if you put 10% of your salary into bitcoin for the next 20 years, and just keep doing that without ever selling, by the time you retire you are going to be able to say you are a wealthy person and could do whatever you want and your children will have an amazing future because you will leave them a wealth. But obviously most people want to get rich right now and that is the only thing they see in bitcoin.
2551  Bitcoin / Bitcoin Discussion / Re: The impact of bitcoin on world population, what happens when the population rate on: September 18, 2022, 03:10:20 PM
Bitcoin will just be an ordinary asset like gold and the like. but the difference is that bitcoin is more likely to experience a lot of adoption in the field of payment or payment instruments. because maybe in the future paper money is used less and less and transactions via the internet will be more widely used. so that the ease of transactions with bitcoin could be excellent in the future. but gold will only remain a savings or investment asset only. and only a few who make gold as a means of payment or a medium of exchange. because gold will remain a valuable asset in the realm of the real world. but on the internet it will not be as popular as bitcoin.
That difference is not a small one. I have been getting paid in bitcoin for years for the work I do, and in return I have been spending bitcoin on many stuff as well, not just bitcoin but other coins as well. Which means that bitcoin could be like gold when it is used as an asset, but it is also like fiat when it is used for payment made to someone as well.

There is really nothing in the world that is both a great asset but also a great payment method at the same time, crypto is the only one and that is why it is valued so highly. I personally believe that we are going to do so much better with the upcoming times, all we need is waiting, and with that patience we are going to be rich.
2552  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen to LUNC after its founder is arrested?! on: September 17, 2022, 10:35:44 AM
I don't see that as a surprise. Are you holding onto Luna or something where you seem frustrated with this kind of news? This is good news for the community as the scammer has finally been caught, Dokwon should be punished for what he did. I have lost faith in luna since UST collapsed, I always advise people to stay away from it, don't let it fool you again.
Unfortunately there are some people who are still keeping some hope because it went down so much that their millions turned into cents, and there are of course a lot more people who invested thousands and didn't even worth a cent. Which means that if we end up with something that is this low, they could wait for it to go up. What is the point of cashing out a few cents?

I mean it is not going to make you rich to get out right now, it is too late, so the only hope for them would be Luna or LUNC going back up,  and they could profit from it finally, or even if not profit they would drop their losses at least. Which is why I honestly expect it to be a lot of people hoping the best for luna team.
2553  Bitcoin / Bitcoin Discussion / Re: Bitcoin all over news so not unknown fiction anymore on: September 17, 2022, 05:25:23 AM
It has become a hot topic of discussion and there are mixed reactions around the world but the thing is bitcoin is not a unknown term to the mass population around the globe whether in positive or negative aspects.It was started few years ago and now it has gained that much popularity like countries are making regulations to adopt like El Salvador and  CAR while others are planning to make some regulations.The big companies are adopting it as payment mode or even holding them as asset on balance sheet so we can say that we have came a long way and it's discussed normally now.
I agree that it happened back in 2017 when most of the world heard about it, some did get in, some didn't, some didn't get in back in 2017 but then got in later on, but majority of the world heard about it back then. It is cool to be able to say I have been in crypto far longer than most people, but to be fair if you have nothing to show for it then mostly it is a bad thing and not a good thing.

People act as if they would have bought tens of thousands of bitcoin if they knew it soon enough, and they do not do it right now, so in 5 to 10 years they would be in the same position as me. It is not easy decision to make, I may have missed out on being wealthy, but I am still happy to be involved.
2554  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 16, 2022, 06:22:05 PM
There are only 4 eligible candidates from India, and there is a very good chance that BCCI may not nominate anyone this time (they did the same last time as well and supported Barclay for the post of chairman). BTW, Barclay has expressed some interest in getting himself re-nominated. If so, he will remain as the chairman until 2024. I don't really prefer Barclay, since he is from the businessmen cartel. I really want some of the ex-players. I don't have much expectation and don't think that they will turn things upside down. But having someone like Sangakkara as the chairman sounds exciting for me.
Surely a good and exciting change into game if we have ex player as ICC chairman and specially stated with gentleman like Kumara Sangakara is dream start as he is one of the best in his field with good knowledge and commitment about the game of cricket, but sadly it's not possible because right now system here in ICC is not working as we have in UEFA where few ex players are now joining this organization and its doing good.

Right now in ICC game is just between few big players, and mostly they are having their own friendships and like & dislikes which are working so having businessman is not stoppable for anyone, but soon we will have good changes as right now Ganguly is having BCCI post which is good thing and Ramiz Raja is on PCB hopefully if here changes will happen more like these than ICC could be also in good for these changes.
2555  Economy / Trading Discussion / Re: Crypto day trader groups on: September 16, 2022, 12:45:33 PM
People who's been feed by false hope avail this because they think that those people give some signals is angels sent from heaven to them and they ignore the fact that in reality if those people are really always having a good day on trading they will not waste their time to any other else like creating groups and give there signals. Newbie should know there agenda since for sure they are aftering the money paid by them and other people, if they see something like this its a big red flag already since asking for payments means that they didn't make good profits for their trades and they find another way just to earn.
Unfortunately, that type of convincing yourself can't be broken by other people. If they believe that there are good people out there who are willing to help them then they will keep on believing that they are good people, not because someone else convinced them because if it was like that then one person convincing them that it is a good idea, could be turned by another person saying it is a bad idea.

But, when you convince yourself that they are good people thenthere isn't a situation where someone else could turn that idea, only the fact that they could make you lose money could make you realize it. When they do make you lose money then you would know what you are doing.
2556  Economy / Trading Discussion / Re: JJG’s Outline of Bitcoin Investment Ideas on: September 16, 2022, 11:46:49 AM
this is what i love about @JayJuanGee all suggestions or all responses to comments written all have good points and also make sense, and i always check the comments every time i open this forum and i always stop by to check them which i think is a must.
and all that I do for lessons and learning by me even though sometimes I get a little bored reading it because it is too long but I still do it. Grin
Nice to hear that you are reading some parts and getting some value out of it.. even if some parts might be putting you to sleep.. hahahaha

I understand that I will likely need to update some of my discussion areas in this thread to the extent that some of my ways of going over matters may have pertained to contemporary BTC price movements and attempts at assigning probabilities to BTC price direction (both in terms of quantity and time).

If you have any questions or comments regarding any of the areas that I have gone over (or anything else that you might consider to be related and/or relevant), then don't hesitate to post them.
It is definitely helpful for the newbies for sure and even veterans could learn something from it. I do not need it because I do just one simple thing, which is buy bitcoin when you have some money to spend, and then hold it as long as you possibly could. This is literally all I do and that is why it looks like I do not need any help at all.

I mean I needed help back in the day, my investment style was all around the place and it wasn't that good and this kind of topic would have been amazing for me. But nowadays it is not really needed as much and all I do is end up with a situation where I buy and hold and do nothing else which is quite frankly an easy way to get rich.
2557  Economy / Economics / Re: Age as a factor depreciating some people of their dreams on: September 16, 2022, 07:48:33 AM
The age factor can sometimes fade someone's hopes to achieve their dreams. it doesn't even happen to the elderly. but it also happens to people who are married. or people who already have family. like being a parent. sometimes parents will forget their dreams that have not been achieved and will focus more on helping their children to achieve their dreams.
When you are getting older, if the chaotic stuff in your life leaves and you are left alone in a retirement world, where you just wake up and have nothing to do, then it would be quite difficult to get rid of the worry, because you would have nothing but worry in your life.

I mean think about it, if I buy bitcoin now and hold it for 10 years, I will think about it here and there but meanwhile I have to work every day, still travel, go out with friends, maybe spend good or bad time with my wife Cheesy but basically do so many things that days are too short and not enough. Whereas when you are retired, you just wake up and start worrying because you have nothing to do, and that is scary and harder to do.
2558  Economy / Economics / Re: Rebuttal: Rich Mindset vs Poor Mindset on: September 15, 2022, 08:03:23 PM
Getting rich is not luck, or is barely 5% luck. There are lots of mindset and character factors that go into play. We shouldn't downplay that, to try to make some demographic or ourselves feel better.
I can say they are lucky if in fact they are the children of rich fathers. They are heirs who will become rich after getting the inheritance from their parents. While other people have to try to raise more money from various jobs, they have to go through a long process although not all of them get rich in the end. Getting rich is not an option, it is the result of hard work and a process that a person goes through.
That's the terrible thing about being rich, if you are rich and do not have the rich mindset then it is only a matter of time before you become poor again. I believe that the best thing you could do would be making sure that you invest into a bigger thing and bigger thing and bigger thing to keep growing.

If you stay the same while the economy is going worse then you will be the same amount of wealth whereas fiat will be less valuable and your money will be gone for sure. You should be trying to make more and more profit and have business' making you more and more money. That way even if the economy goes bad, you would have a plan B that can get you profits one way or another.
2559  Bitcoin / Bitcoin Discussion / Re: Several Phases of the Bitcoin Bear Market on: September 15, 2022, 06:40:43 PM
the crypto market is no different from other markets, it's just that it has high volatility, so speculators will prefer to invest in the crypto market considering it will be easier to get a lot of profit. when the market is bearish as it is today, don't let us regret in the future for not taking advantage of the opportunity to buy. what are we afraid of when investing in bitcoin, eth or bnb, I don't think it contains a big risk
Why not take a big risk? Isn't every big profit always balanced with the risk that everyone must understand?
Because without understanding the risks and only thinking about profits, regret can happen to them when market conditions decline and have to wait to get a return through an increase in the market. Especially if you say the crypto market is no different from other markets, which means you also have to read the opportunities by understanding everything that has happened in the market unexpectedly.
That's what I always say, there is a bigger risk in the crypto world but that also means that there is a bigger reward most of the time as well. Yes it could go from 68k to under 20k and that is the risk you are taking when you are facing bear market, but it could go from under 5k to over 65k as well which we had from 2020 to 2021 as well if you check from lowest to highest prices.

This is why we take the risk, we are not really dealing with anything that is serious right now because it's not volatile and it's around 20k a bit lower or higher but it's around there, but when the volatility hits it's going to be 100k and that's when people will realize why we are taking such a big risk.
2560  Bitcoin / Bitcoin Discussion / Re: Fake Bitcoin. on: September 15, 2022, 03:11:06 PM
I believe op have mentioned about the coins that have got the term bitcoin along. Everything is based on some form of backing, when it comes to altcoins with the term bitcoin. It is a way to get the attention of people who are new to cryptocurrency. They just fall for it considering the low price, and later understand the reality.
He should have corrected what he wrote in the thread he made so that everyone would not misunderstand the statement he made, because the context of the writing and its meaning are very different. In my opinion, if something like this is only to attract newbies, on the contrary, it will make all newbies who are new to cryptocurrencies very confused between coins and Bitcoin. So basically this thing needs to be fixed to convince them.
I really do not understand how people fall for it though? I mean bitcoin is bitcoin and it is at the top of the list of every place which means that it is just bitcoin and I do not think that it would matter that much. On the other hand, we are talking about stuff like bitcoin cash or bitcoin gold or whatever it is named and they are not going to be that much of a big thing on volume and not going to be listed everywhere.

If people fall for it and buy it because it is cheap and they think they are buying the real bitcoin for such a cheap amount so they can sell it somewhere else then they are doing the wrong deal, I personally wouldn't want that to happen, which is why I believe that it is a mistake of their own and they should fix it, we have no obligation at all.
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