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2601  Economy / Speculation / Re: 1 Bitcoin, Not for everyone. on: September 02, 2022, 05:33:39 PM
Bitcoin has created a lot good wave to it's investors during bull market, bad wave during bear market. Bitcoin is a seasoned coin that undergoes halving every 4 years, yet many have not gotten use to bull and bear market of Bitcoin coin, some people only get happy during the bull market as a result they forget to prepare their mind for bear market too. 1 Bitcoin = $26 (2013)   when only an average number of investors believed in it, Now that many investors are into Bitcoin investment, it cost thousands of $$  to afford 1 Bitcoin ( 1 Bitcoin not for everyone).
Well, if you are an old coiner or you joined here at a much earlier time then you already know the mechanics of it. You know that there are two cycles and that is the bear and the bull, and you know that there is also halving that takes place every 4 years. Any of these can be use on your advantage so you invest or sell accordingly.

For those who are only happy during a bull market then maybe they are new here and it was their first time to witness a dumping market but they will soon get used to that. They will realize that how can they buy a coin at a better rate if there will be no bears? It is not necessary to have a 1 btc but as long as you own something then you are already in.
2602  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Solana(SOL) price could reach an average of $60 in 2023 ???? on: September 02, 2022, 01:55:49 PM
Everything is possible if the bull run returns. Solana has trouble joining other cryptocurrencies the crypto's value has dropped comparing today's SOL market cap to yesterday's shows a decline Solana coin still showing risky framing segments it may have strong fundamentals but we don't think it will be profitable in the short term Solana's value is projected to climb as scarcity drives up prices any investment has risk before drawing conclusions invest in your abilities and conduct as much research as possible.
Even if there are no bull runs but if a coin is solid with good fundamentals then I think the possibility to rise is always there. Just take a look at matic, btc and the recent one which is eth. Each of them is spotted to show a significant increase despite that we are still in a bear market. 60 usd is just a small amount for solana.

It's not even half way to its last ath so it can be achieved easily before or during the early months of 2023. Solana is a top coin so joining other crypto is not a problem. Solana can always fit on there. If you are in for shorter terms then maybe solana isn't the perfect coin for you but you can try a more volatile coin such as bitcoin.
2603  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: September 01, 2022, 07:16:36 PM
If I know correctly now South Africa doesn’t have any type of racial problem. At least not officially. People are obviously going to be racist at some level. But right now what is happening in South Africa is obviously good for cricket. Kolpak not being there is obviously going to be good.

Now I think there are a lot of quality players going to be there for South Africa. And I also agree that there should be at least three or four years from when the person arrives in the country and when he starts playing cricket for that country.
Kolpak is scrapped I read about this, so this is good for South Africa but still migration issue is hanging for them because now too many players are going to play in New Zealand with they still have quota in national team with they are going to be added more back players instead of having quality players from white community which is surely not good because right now if they have just 2 or 3 players from black community it's still good for them and their game rather than bringing more players those are not good enough on quality basis because in next few years they can go with quality without any quota.

I was reading on few blogs they have good domestic structure which his helping all communities with merit and blacks are also enjoying because they are improving quality in soccer and rugby, but sadly they are not interested in cricket which is surely not good but boards few members are doing their tricks with bringing players on quota which is surely the worst thing happening.
2604  Economy / Trading Discussion / Re: Trading and financial planning. on: September 01, 2022, 03:40:18 PM
Generally, everything we do in regard to financial management and investing should be planned wisely. However, the success of this plan relies on the people who are implementing this otherwise, it was still a failed attempt which I see some people had failed to commit.
It is essential for us to have an idea of what we are doing financially, it can be a great asset to our success and of course, we really achieve what we planned for.
You can't do a financial management if you are not planning your investments wisely. It is important so that we will have an idea if how much money we already put in or pulled out. It can help us minimize the risks that we are going to get. Failed to commit is worse than those who tried and failed. How will they know if they will succeed or not if they won't try it?

Nobody will fail if they do this thing and follow what has been written
Like I said earlier, we can be able to minimize risk but I didn't say that you can remove the risk. That is not possible. In trading, it is always possible to lose no matter how organized or experienced you are but that's fine tho as long as your winning ratio is still higher and it doesn't make sense to continue if you arent getting anything, other than donating money in the market.
2605  Economy / Gambling discussion / Re: "The Lower-Risk Gambling Guidelines" Is this a joke? on: September 01, 2022, 11:22:32 AM
I don't think this is possible, the one who can follow this is not really interested in playing in a casino or can enjoy playing in a casino,, entertainment has a price, you watch a movie, go to a concert it has a price and its not about percentage, they spend based on what they can afford because they like to be entertained,
If they aren't really interested then they better not play at all because it's like they are only wasting a money for nothing. Gambling is best to enjoy if you have a real passion for it. You can dedicate enough time/money and by this, you won't mind it hard whenever you are losing.

you can be in safe risk as long as you are comfortable with your losses
I think there are gamblers who are losing big which are above their limits already but it's surprising that they are still calm. That's the only best thing that they can do anyway because beating their selves up will lead to unwanted things.

you can't enjoy where you can only do 3 to 5 rolls.
If your goal is to get entertained then yes but if your goal is only to profit then I think this was still qualified? I already experience to win something big only in 1 to 2 rolls but it can be rare though. Most of the times I go for 15+ rolls to have a better chance to win.
2606  Bitcoin / Bitcoin Discussion / Re: Can this be the reason some people are afraid to invest in Bitcon? on: September 01, 2022, 06:41:20 AM
People are afraid because they were taught to be afraid as child. This is, unfortunately, what the educational system does.
We are only taught to be afraid with god but not in any other things. You won't grow as a person if you will have that kind of mindset. It is okay to make mistakes as a starter but it's always possible to improve.

The typical human mind initially considers the fictitious drawbacks and rejects the possibility of another type of money.
We have another type of money before cryptos came in (paypal for instance) and people didn't reject it. I think that is because its government oriented but cryptos are completely opposed to that. People think it's an illegal type of currency, add in the fact that it's also being used on buying drugs, gambling and money laundering.

However, a growing number of individuals are visiting exchanges like Binance, Primexbt, Kraken, etc.
Those who visit crypto exchanges are the people that are involved in cryptocurrencies already.
2607  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to hodl Ethereums? (ETH MERGE) on: August 31, 2022, 09:21:02 PM
I'd stick with Binance if we are only picking an exchange.
This may be another market of Poloniex to pull back all the traders and investors that pulled out because of their shitty customer support.
I was one of those who tried looking for help at them but never got an answer for like 3 days. That ain't good if we talking about money.
But as had been warned in this forum every time, trusting it into a CEX is the worst thing you will do. But, the reputation of Binance has grown quite high so what you can do is just make a short-term storing. Wait until the merge is near, deposit it to Binance, then withdraw as fast as possible into your preferred wallet.
Honestly? I was shocked to learn they still exist. They were so so so terrible that I believed they wouldn't really be living right now and would already be closed. I saw on this topic that they still exists, I checked them and see that they are still trying to do something. I have to say they are just too far gone from their top spot once upon a time and they do not even deserve to make a comeback.

So, I am going to just let them go away themselves. I agree with the Binance answer, I am keeping every dime I have on Binance and when I have to withdraw I just do that, nothing more to it. At the end of the day it is not going to be important to me at all.
2608  Economy / Economics / Re: Savings during inflation on: August 31, 2022, 07:01:52 PM
It's not worth it to save your money in the bank if the inflation rate is higher than the percentage it gives to the interest rates. It's better to spread it to investments that has a higher percentage than the inflation rate because it will make you deal with the high prices of commodities through it.
I rarely save to the my bank accounts these days but I still try to put as much as I can so that, I treat it as an emergency fund but at most times, I convert it to bitcoin.
Which is precisely why it is such a bad idea to have your money at a bank at any moment in time, because they are always giving you less money than whatever is the inflation rate at that point, so not only banks are offering you even less money than inflation they are using your money to generate profits for themselves and they give you nothing for it.

And if this was not bad enough it can be quite problematic to get your money out of the bank in an emergency, so if you are wondering why people use banks at all, you're not alone, because I wonder the same as well.
The moment I learned that banks give loans more than they have money was the moment I took all my money out of banks. I either have debt in banks, or have money in crypto, I never have money in banks ever again. It just doesn't make sense that something like banks could leverage their money into loans and hope that they could get away with it as the default rates are low.

The moment default rates go up to a certain point, banks collapse and go bankrupt, or gets bailed out. That is not the type of risk we as people can take, or we will not be saved and when we declare bankruptcy then everything is taken from us. Hence, I believe this unfair law regarding banks being saved is terrible.
2609  Economy / Economics / Re: Russia - Ukraine war - Exchanges needed for sanctioning on: August 31, 2022, 06:35:51 PM
Seems like these exchanges just need an excuse to confiscate funds and keep it to themselves.

Unless they are going to send all the confiscated cryptos to Ukraine's donation address then I am against it(whether it's targeted or not). It won't be less than a scam if they choose not to donate it.

If they are going to donate 100% of the confiscated cryptos then target only oligarchs, politicians and their relatives/friends.
Unfortunately there are laws regarding what happens with that kind of money. Many assets of the Russian oligarchs have been seized and they are all sent to certain government places to be kept there, like a hostage. This means if Russia stops war and gives the lands back, then European countries will pay the oligarchs their assets and money back, or at least money because some of the assets are gone already.

Same goes with this, you could seize the cryptos of Russians and then name by name give it to government how much and owned by whom. In that regard if the war is over, it could be sent back or credited back. That's the important key factor to make sure Russia has incentive to stop.
2610  Economy / Speculation / Re: Will Bitcoin hit 2022 low again? on: August 31, 2022, 04:32:38 PM
My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?
There could be 20% chances for having lower lows again this year and as per remaining 80% of chances, we may have $20k as a stronger support forever which means we may never get chances to breach into below $19500 levels forever. Unfortunately December or January month is known for low price of 4-year cycle to happen. But, in this cycle, we did not have ATH on December hence low also may not happen on usual month as per my guesswork.

If you haven’t purchased and waiting for a better price, then you might regret later, buy BTC less than 21k usd and I am very much confident that at the end of the month you will see a great and steady profit.
I remember there rumours about getting into $15k to $12k levels hence some people might have been waiting for such prices to enter. I agree with you that we may not get chances to break the low price here after. We just need to go for DCA to avoid later regrets.
2611  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be worth zero? on: August 31, 2022, 02:42:41 PM
I don't think that is likely to happen. Let's assume in the future there will be another cryptocurrency powerful enough to replace bitcoin and bitcoin will no longer be the king of crypto but as long as demand remains and people still use bitcoin, bitcoin will never go to zero. Everything just goes back to 0 when it's really out of demand and no longer being used, not just bitcoin. The only time bitcoin goes to zero happens only when our need for bitcoins is gone.
The problem is that I believe we could have some sort of trouble with bitcoin itself, not that it will happen but that is a possibility. Which is why I believe that we could see something changing in there. If a technical problem arises, and someone figures out a way to hack into cold wallets, then it is all zero right? I am not saying this will happen, but I have to say that it is not 0% chance for that to happen neither, there is a possibility.

This is why people always say that "never say never" because it looks like there is a possibility that it could happen. This will result with the fact that people will end up with a "refrained" look towards bitcoin at all times.
2612  Economy / Speculation / Re: Is People buying Bitcoin ? BTC Market Forecast September - December 2022 on: August 31, 2022, 06:54:59 AM
If you believe or nor, I don't care but I am giving a chance to get a share of my 1.1 million Bitcoin.
But, for this type of statement, why you have this subject line which sounds like forecast for last 4 months of this year? Definitely a misleading one. Your forecast is purely imagination based hence you should invite people to your topic by giving right inputs from subject itself. Moreover, even I agree with you about coming back of Satoshi and giving away his 1.1 million bitcoins, I do not think Satoshi will do that without having a plan for us to hold them. I mean first they will try to encourage us to continue holding bitcoins.

Those will join, You will it from me as a donation to do some decoration in the New Bitcoin Foundation. Just wake up, leave your coffee cup and search to buy other wise you will cry.
If Satoshi appears back, they will not try to mess up things but will help us to grow stronger hence there would be nearly zero possibilities for "new" bitcoin foundation. Regardless of Satoshi's return, I am sure those who ignore to hold or buy new bitcoin will regret as prices of bitcoin will shoot up at least 10x in near future.
2613  Economy / Gambling / Re: Some Crazy Fun Facts About Casinos And Gambling You Might Not Know. on: August 30, 2022, 09:24:00 PM
Wow I’m amazed with the Elmer Sherman’s winning of World War II story. I could not believe that someone can go so crazy to win a jackpot worth 29 million dollars and that too in year 2005. That’s huge money at that time considering the living expenses and stuff during that period. He became crazy rich for sure. However, the plot twist is story does not tell us how much he had to gamble to race against the slot machine and then win that much money. I’m sure it’s not more than a million dollar or so because no one carry that much with them in pockets. Lolz. But this one was motivating.
What about the two winners on this thread? Their wins are higher than what elmer win and the winning dates are also earlier but no matter how big the money that you win if you won't spend it wisely, it will always get depleted easily.

Elmer's last win was on the year 1989 and it's said that he didn't got contented so I assume that he use the money to gamble for 16 years because his next big win was on the year 2005. You can't carry so much money in your pocket in just a day but you can gamble with a some amounts every single day straight for the next 16 years. Can you imagine how big was that if you sum it all?
2614  Economy / Gambling discussion / Re: Cricket match prediction discussions on: August 30, 2022, 12:36:19 PM
Anyway, I guess the ICC got more than what they were expecting. Personally I was expecting somewhere in the range of $2.0 to $2.5 billion, given that the reserve price of $1.44 sounded a bit optimistic. Looks as if Disney-Star desperately wanted to win the media rights, since Ten Sports has grabbed the rights to bilateral series with most of the national boards. This bid by Disney-Star just proves how desperate they are. I am interested to know how much the ICC may get from the other regions. US/UK is also a lucrative market and is going in the next round.
Here as things are going with this we can blame ICC and B-4 for this all instead of Olympics Association for cricket is not part of this mega event for long time because they never do their homework and bring suitable policies which is surely all have to done by ICC instead of Olympics Association because they are wide open for this, and they already announce they have nothing from ICC for this which was a slap on them for saying there are some problems by other party.

Olympics Association has their policies and all other sports associations have to follow them, but ICC is not doing anything for this which is the biggest problem that cricket is not part of this event but now as we are reading and feeling things could be positive in next few years, and we will be able to have cricket in this mega event which could be amazing for the fans and the game future.
2615  Bitcoin / Bitcoin Discussion / Re: Crypto and Bitcoin began to be known by the rural community on: August 29, 2022, 08:55:30 PM
This is called progress and it is starting to grow even though it is slow. That's why we have seen the big companies racing towards reaching their hands to have it as well because they already know the potentials it could bring in the future. Remember we were just a few backs then who were trusting the money revolution and yet we push forward until we grow and the future will be more prosperous with the help of the people who continue to support bitcoins no matter how much the price is.
I agree, that progress is getting to a great level. I just got my door fixed, a small thing, my rooms door was broken a bit and someone who repairs doors came in, was like 20 bucks or something nothing big deal and he spent about an hour and left. I can say that as soon as he heard that I work in crypto, he started to talk about it and we talked an hour about it and he learned so much about crypto.

This is why I really think that we should be happy about people who fix doors are getting there. I am not saying people who fix doors or work in door business can't be interested in crypto, but let's be honest and realize that only computer related job people like me got interested at first, now EVERYONE is equally in it, and not just computer people.
2616  Economy / Speculation / Re: Bitcoin Resisting the below twenty thousand level on: August 29, 2022, 08:20:21 PM
I feel the same way and have expressed it in other threads about the price. The current price is cheap and we are going to see it in a few years, where many people will regret not having bought at 20,000 USD. If the price goes below that level it is going to be a bargain, and that is why I think it will not last long at those levels. As much as there are people who, when the price pierces lows, panic that it will go lower, there are a lot of people with money who know that price is a bargain and it is worth buying before it recovers.
Unfortunately people do not understand the value of bitcoin at around 20k and lower. They consider it as a bad thing that bitcoin went low but they do not realize that we are talking about something that is amazing for all of us right now.

I mean when will be another time that we will reach 20k or lower? With some time we will never come back to these prices ever again and people are not realizing the potential profit that they are missing right now. I would highly suggest that the best thing to do right now would be making sure that we end up with a good profit if we can buy now, and anyone who doesn't see it will %100 surely regret it in the long term.
2617  Bitcoin / Bitcoin Discussion / Re: Bitcoin and proof of stake on: August 29, 2022, 06:58:10 PM
The reason Ethereum was able to switch to another consensus mechanism (though PoS is clearly not a consensus mechanism since you cannot come to consensus by only referring to internal processes that depend on the existence of consensus - circular logic that leads to nothing but an inevitable capture and centralization) is due to the fact that it has never been truly decentralized - developers and founders of Ethereum have had enormous power over the protocol and always could dictate its course and development. The main reason they unilaterally "decided" to shift to PoS is that this way, they can enrich themselves more quickly and efficiently and gain even more power over the project's fate and perhaps over the monetary system itself.
What you are missing is that they do not have "control" they have influence. There is a huge difference between those two. When they want to switch to this protocol, they had to provide something to people like a voting and people did moved their money there enough, billions moved there, and that is how they were manage to get the greenlight to do it.

You assume that they just wanted to do it and did it all without any pushback, and there was absolutely nobody that created a counter argument to why we should stay with PoW and built a chain or at least kept the current one and attracted people there. Whereas when PoS was announced, everyone went mad. Hence, it is not a shock that they could do it without any pushback.
2618  Economy / Speculation / Re: Will Bitcoin do $19k again before a bull market? on: August 29, 2022, 06:23:22 PM
Not an expert but on the same perspective as you, I don't want to see it go lower than that because more FUD will come out if it does so.
It's below 20k now but back to a green light. If it does go lower then chances of breaking the resistance point will be higher.
But when a big movement down happens we can expect the bull will near too. The calm, then going going low, afterwards the spurt. I am just using history basis though, the economic problem is still up so it might be different this year.
The price going down is not causing FUD, the FUD is causing the price to go down. Why did we reached 24k+ prices and then dropped under 20k? Because, people heard that mt.gox will sell billions of dollars worth of bitcoin, and that caused a lot of people to get out with fear, and that fear caused the price to collapse.

This means that it was FUD that caused the price to fall and that is why I do not think that we should be really wondering why the price of bitcoin is low right now. It's mainly people who are scared and it will stay that way for a long time for sure. I believe that if we could stand and not fear, then we won't go down from things that happen, we only go down because of our reaction to things like this, and not the stuff itself.
2619  Economy / Economics / Re: State Of Corruption In Nigeria Amidst World Corruption on: August 29, 2022, 05:59:30 PM
From the picture you have included, it is sufficient to illustrate how corruption really hinders development there, how for decades there has been no change in infrastructure.
Corruption will be difficult to eradicate even if a country starts to create anti-corruption institutions but habits and mindsets about corruption are difficult to change, even though corrupt officials can be arrested but if the system that has been running for decades is not changed corruption will still be considered normal because the system makes officials still have opportunities for corruption and their minds teach that corruption is normal, this is occuring in poor and developing countries.
It's obvious that corruption is everywhere in the world, maybe more than others in other nations, but think about USA and how the corruption works. We all know they have politicians that "legally" gets bribes, it is called donations and companies pay millions of dollars to senators every year just as "donations" but in reality those are bribes, that name change doesn't mean anything.

Then we have black people jailed way more than any other race, then we have "secret" government police keep on attacking those black people as well, and we have rich friends of senators getting tax breaks and I can name a million other things. All in the USA, let alone smaller nations, which has a lot more corruption.
2620  Economy / Economics / Re: Have you felt the impact of inflation so far? on: August 29, 2022, 04:20:30 PM
Those who say they dont feel the impact of inflation are living with their parents and the last time they were in shops was with moms. I am used to my utility bills being always higher compared to similar month previous year. Gas, electricity, water and etc are always getting more expensive. But food prices makes me feel depressed. Little comparison - previously I could go out of the shop with two full bags of food for 50 euro, now I get only one bag for same amount. I was amazed how taxi ride cost now. I used to pay 7-10 euro for work-home ride (that is about 10km). On Friday I have paid 31 euro.
I have to say even though I felt the hurt of inflation, I did not felt it as much as the very low income people of my nation. Why? Because I make my income with dollars, so my salary is in dollars, whereas they have a salary in our fiat, and they were already making less than me, and with our inflation being like a million times worse than USA, the rate between our fiat vs dollar went up too.

Hence, I make more than most people in my nation, it is a decent wage, like a very good job, not business or company level, just like someone with a good salary so it is not insane. But people who make the minimum wage? Those people are living in poverty right now, barely find food to eat, it is really terrible, there are more and more people dying of starvation right now and in 2022 starvation shouldn't be a problem if you ask me.
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