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2661  Economy / Trading Discussion / Re: I am losing money because take profit orders are not working. on: August 19, 2022, 06:04:59 AM
I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
I had this problem with a trading bot before. I remember very clearly that I was making good decisions to buy and sell something at certain levels and gave the right orders but I think I wasn't using the bot right. If I was online and did the trades myself, I was doing very well but since it was a bot that I told to make those moves, it didn't do it exactly like how I asked it to do and that is why I failed to make any profit and even made some losses.

Sometimes, we may have all the good intentions and even know what we are doing and make profitable decisions but if we do not know what we are doing correctly then it is going to be creating a little bit of a problem.
2662  Economy / Trading Discussion / Re: Bitcoin Longterm Price Target on: August 18, 2022, 08:56:52 PM
I dont think bitcoin price will come at a point that its not gonna be usef by massive community.  We all knew that even it goes high beyond imaginations,  it will still need to be balance with the economy.  If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.
just think about it, if you target the Bitcoin price to $ 1 million, of course it is very outrageous,
even though many people are still predicting at $100k and it hasn't materialized yet, so don't think too much about the price
I honestly see that as a normal thing, maybe it's just me? I am not saying that it will happen tomorrow or something but I believe that 1 million dollars per bitcoin is not something that is outrageous, it looks like something that could happen very easily. That's my personal opinion and it may not happen that easily and it might create a trouble.

But, the best thing to do right now would be making sure that we are doing fine with the current price and not focus on that million dollars. I buy bitcoin all the time and keep on holding it and I will hold it until I retire, which means that I trust the price and where it will reach, which is over a million dollars and that's expected for me, just not now, it will be way down the line.
2663  Economy / Speculation / Re: Will BTC make a new high in 2022? If not then what will be peak point? on: August 18, 2022, 08:31:41 PM
I think, although in the last few weeks bitcoin has started to rise in price where the price bitcoin is trading again in the $24k-$23k area, it seems difficult for bitcoin to reach new ATH this year because the crypto market has not fully shown a better performance. Therefore, if there is no further major correction, it is possible that the bitcoin price will only reach above $40k this year.
I would say that 40k is possible, I can't say about ATH, that is definitely a very difficult one (although nothing is impossible in crypto) I could say that the current situation shows a 50-60% increase is not unlikely, and we have months until that point, 4+ more months and it could totally happen.

This is why I believe that we should be focusing a bit more towards how we can profit from small or big, any increase that could come our way. Of course, it is not going to be an easy decision, but it will definitely be a good way to make money. This is mainly because I believe that even 25k is a profit and fine with me, people always look for much bigger for some reason.
2664  Economy / Speculation / Re: Is bitcoin bear market over? on: August 18, 2022, 04:50:39 PM
It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.
I agree that buying at current prices would be good. People who didn't at lower prices because they were afraid that it might fall, end up saying they want to wait for it to go back there because it went up. It went up because you waited too long to buy at low prices.

Anyone who wants to buy bitcoin should do it right away and not wait any longer, the longer you wait the higher it will be and that will result with you losing money, you wouldn't want that at all, I would personally suggest everyone to go all in at this moment, that is the type of period we are in. From here, we will go towards bull run, maybe it will take a year, but it will not be any lower even if it is not over ATH.
2665  Economy / Economics / Re: How micro payments can help to alleviate global poverty on: August 18, 2022, 03:19:19 PM
Exactly that's what I love about Bitcoin. If you see people are getting into Bitcoin because they can actually earn through it in an international arena. In African countries. Even a few dollars earning can get you a decent lifestyle and that's the main reason that in many less developed countries, the proliferation of Bitcoin is very high... Yes I believe we should promote more micro finance transactions
That’s literally how I got in as well. I realized that people do not care about 50 bucks or 100 bucks when they are from western nations and would gladly give that much to someone to do some jobs for them. A weeks worth of job in USA doesn't worth 500 bucks, it worths 1k to 2k, based on who you are and what you do, and plenty of computer engineers or people who earn a good amount in bitcoin world so they are already richer than normal Americans or Europeans.

This allowed me to make 100 bucks or more per week which was low for them, but high for me and ever since those days I am making a good income, definitely much better than other citizens in my own nation, and living a good life, better than I could have imagined.
2666  Other / Archival / Re: What is Bitcoin really? on: August 18, 2022, 06:25:01 AM
Any application running on the Bitcoin blockchain?
The quality of a blockchain is not determined by the share amount of applications running on it. Ethereum can have a million dApps but none of them will reach the adoption and usability of bitcoin. Bitcoin is what is running on its native blockchain. That's all there needs to be. It's a decentralized currency that can be exchanged P2P and is irreversible in nature.

The DAO hack a few years ago has proven that Ethereum is centralized and reversible. It also cares for the interests of a few wealthy foundation members and not the whole community.  
I am not entirely sure if we can call ethereum 100% centralized, it is really not. Because, the logic was to get everyone to agree again, so it is democratic. By the same logic, we could actually have more than 21 million bitcoins, did you know that? How? Well, someone could create a side chain to bitcoin where there are 210 million bitcoins total instead of 21 million, and if 90%+ people start to use that, it will become the de facto new bitcoin blockchain.

So, it is "possible", decentralized doesn't mean untouched, if it was then we wouldn't have segwit, it means that it is decentralized meaning there are no central figure that decides all by themselves, all changes are asked to us, before being done.
2667  Economy / Trading Discussion / Re: Bitcoin Longterm Price Target on: August 17, 2022, 08:34:16 PM
The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.
That's definitely true. Which still leaves with 1.5 million per bitcoin if we are looking at averages. Do not get me started on the companies as well, because this is per person, if we are talking about prices based on companies, that's going to change it a lot as well. All in all, what I believe bitcoin is all about equals to no top price ever.

Because, there is inflation as well. If the average person could have 80k per year salary today, it will be 100k in a decade or so, which means that we can't talk about how bitcoin is all great and what not, while also not realizing that inflation will make sure that bitcoin will be ever growing and will never stop.
2668  Bitcoin / Bitcoin Discussion / Re: New whale bought $3 billion dollars worth of Bitcoins.. on: August 17, 2022, 07:43:41 PM


It is kind of odd for such kind of wallet to have that kind of bitcoin held on a single wallet, let's assume that it is an exchange wallet which in this case is assumed to belong to coinbase but most exchange cold wallets are always multi-sig wallet for security reasons but this is an old wallet legacy address.
If you look at the transaction with this wallet address 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
I'm a bit sceptical about why will MicroStrategy send bitcoin to coinbase wallet, if they are doing an OTC transaction, it should be that it is the exchange wallet that should be sending bitcoin to the MicroStrategy wallet. Also, the assumed coinbase wallet just had only incoming transactions and not a single outgoing transaction which leaves me with the question that where will they have bitcoin to settle some institutional investors who subsequently withdraw or even trade bitcoin if that wallet belong to coinbase.
I am sure that it will be spread out eventually. Coinbase does like to move money around and they have so much money, like insane amount of money that it is normal for them to switch it around time to time for protection. When you have 3 billion dollars just on one account, I am sure that someone could spend a few million dollars to buy some computers (and a few million dollars worth of computers would have "some" power) then you could use even brute force, or any other way to crack into it.

I am sure it must be still near impossible but it is still better to be safe than sorry which is why they keep on moving these one by one, and then probably will spread it out.
2669  Bitcoin / Bitcoin Discussion / Re: How many anonymous whales are there? on: August 17, 2022, 06:41:51 PM
This is as hard to count as it is to count how many actual millionaires there are in the world.  Many of them hide their wealth or their status from the public and it is extremely likely there are a ton of millionaires hiding this fact from their own Government.

With Bitcoin things get even worse because I can split up a thousand Bitcoins into as many addresses as I want.  I could in fact split it into 100,000 addresses worth 0.01 BTC each and you would never know I have this much wealth.
This is true approach. Many people think that they could manage to do something that is data backed, but in reality I could just have 100 address' with 10k in it and that would be a million dollars. So, we do not know how many whales there are. I still think that what makes you whale is depending on where you live and not the amount.

Someone with a million dollars in London is not the same as someone who has 1 billion dollars in Nigeria, so there are differences that we have to calculate and that is why I do not think that it would be fair to call them all the same thing. This is personal opinion of course, but there are more people who became rich in smaller nations for sure.
2670  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu pumping , why? Hold or Sell? on: August 17, 2022, 01:28:24 PM
I have never believed in Shiba Inu and avoided that altcoin, but the amount of Shiba Inu references recently forced me to check how the things are going right now. I see that Shiba Inu price has gained 30% in last 7 days. On one hand that is impressive, on the other - you really call it as pump? This looks like a lucky price increase. When I hear pump, I expect the price to be increased two times as minimum. But 30%, that is not a pump, just a coincidence.
That’s about it, some people got hyped and pumped it a bit and then it was over. I mean it is obvious that Shiba will crash eventually, there is no denying that and there is nothing that holds it together. I have seen this happen a million times before and I warned people before and yet they didn't listen and there were bunch of coins that got low and never recovered and Shiba will be one of them.

Let me be clear, there has been a ton of top 10 coins that got low and never recovered, Shiba is around there and it will go down and it will never recover. This could happen starting from today or maybe tomorrow or maybe in a year. Just because it will crash and be gone doesn't mean you can't make profit from now until it happens, but just because you "may" doesn't mean you should look into just this and take that risk, look at others as well and they will be better.
2671  Alternate cryptocurrencies / Altcoin Discussion / Re: Be open to any possibility on: August 17, 2022, 09:56:55 AM
Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
Once invested in any shit coin and your able to make a X10 or X20 profit to your capital, I think you should see it as a profitable investment and not regret if the token get more pumps. Leaving a bit behind is under a probabilism and agreement of accepting the lose that may follow if project is being discontinued.
There is a good chance that we could end up with a huge loss if we aim at those that could make us 10x or 20x profit. I am not saying that we will, but there is a good chance that we may. We shouldn't be risking it that way if you ask me, it is a lot better to just focus on what we can do, and not what may fail to see.

Some small cap stuff could get me 100x profit too, there is no reason why it shouldn't if there is a whale buying it, it is "possible". But more often than not, we are going to end up seeing a horrible drop and it is going to be a bit of a problem for my overall portfolio value, I would need all others to go up a bit to get back that eventually.
2672  Economy / Economics / Re: Why aren't people utilising cryptocurrency payment methods? on: August 17, 2022, 04:39:50 AM
There are many reasons why many people don't use crypto as paymemt method and the most common is its volatilty. Let's also add the stereotype of crypto being used by the criminals and the governement telling its people that it is not a safe form of asset or currency.
I think volatility is not the only reason, taxation is also a bit of a problem. Like you get paid in crypto for selling one banana, then you have to tax it right? What if the price of bitcoin goes up until you could pay the tax for it? What if the price goes down? I mean there are so many different stuff that the tax part of the deal would become a bit of a trouble.

It is not the same as buying bitcoin making a profit or a loss and then paying taxes for it, that is way different from selling something for crypto and then paying taxes for it. This is why I believe that not many people are doing the same thing, it is not going to be the same thing at all.
2673  Economy / Economics / Re: Most people more and more people depend from this on: August 17, 2022, 03:12:20 AM
Just buy bitcoin and hodl until the next market cycle so you don't stress yourself about it. If you don't know how to read charts and candlesticks, you don't have to worry where the market will go. We are in bear season now so this is a good time to accumulate bitcoin and other cryptocurrencies. Don't force yourself to earn from trading if you don't have proper knowledge about it or else you will just lose money.
Such an easy thing, and not many people could even remotely understand it. Just realize that buying bitcoin, putting it on your wallet, and do absolutely nothing for 5 years about it, and then you check the price, that's a profit right there. Why people do not realize that it's such an easy thing?

People should realize that it is going to be pretty amazing to do this and yet they do not do it for some reason. I am not saying that it is a bad idea, but so many people just buy and sell and keep on trading daily on high risk stuff to get rich super quickly, and yes there are a few people who can, but why risk it when you know there is a low chance? Just buy and hold.
2674  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinMarketCap Rankings on: August 16, 2022, 08:51:01 PM
What can we do see this coinmarketcap. Coin will perform by its usecase in crypto work, if the project is good then nobody can stopped their growth. Community can make any project big by their support no matter what their rank is, so their is nothing to talk about coinmarketcap. In future there is no guaranteed that all rank coin will perform same like past.
Yeah and i have experienced how some big coins in the past become nothing for now a those projects got replaced by new projects that have been performed even better and better compared with the projects. The old projects were bad for this time. The tech is getting evolved but those old projects didn't wanna follow the waves and then they were being replaced with the new projects with better usecase.
That's how the crypto world works. There are projects that go up and what not, but the reality is that we are not going to see anything like this at all which would make them stay. I mean btc, eth and bnb seems like they will stay, busd and usdt type of stablecoins could stay high but they are not investment worthy, they are not going to make you profit, they are just regular dollars with extra steps.

Anything other than that, would be a great way to say that it's not going to stay in top 10 forever, it just doesn't make sense. I personally believe that the best way to do this would be a great and amazing profit that we could use for all the non-top10 projects that will get in.
2675  Bitcoin / Bitcoin Discussion / Re: Congress Hearing On Bitcoin’s Energy Use on: August 16, 2022, 08:20:03 PM
Quote
"We can actually make more money with bitcoin than selling the electricity to National Grid," https://www.timesunion.com/news/article/Mechanicville-hydro-plant-gets-new-life-16299115.php
Indeed bitcoin is more preferably than the hands over of the government in an establishment to be successful, bitcoin is providing more insights to maximizing opportunities in various energy and power sectors for effective utilizations, here they believed bitcoin mining could profit them than any form of centralized authority in handling the operations of the old abandoned power plant.
This is going to be pretty hard to convince otherwise when the amounts are right there. I mean electricity is obvious and how much you could sell them for which will mean that it's going to be something that is basic since you only calculate what you would earn by selling it, and what you would earn by using it to mine. That's good enough, and if you are a big enough company then you could do both, half of it goes to mining, and half of it goes to selling it and covering the expenses which would allow you to not sell any bitcoin at all, it's basically free.

You are both breaking even thanks to selling left over electricity, and you are also using half to get free bitcoin as well.
2676  Economy / Speculation / Re: Bitcoin doesn't like high inflation either on: August 16, 2022, 02:49:49 PM
So, at this point, can we start thinking that, looking alone at the price and not usage or adoption or anything else, a good economy with lower inflation and constant economic growth is far better than the recessions, bloodbaths, economical wars that were supposed to bring the price to 1 million a piece since every starved jobless zombie would buy coins?
I bet that people would still think that any calamity is good for Bitcoin, because Bitcoin is against fiat and governments. So if something hurts them, then it's good for Bitcoin. The previous narrative before the "hedge against inflation" was "global currency that will replace fiat and banks", and that narrative is still present in Bitcoin circles.
That's not the main aim, but that's something that is definitely not out of reach. What hurts banks does hurt bitcoin I agree with that, but at the same time I do not think that it is a good reason to go back to banks neither. Meaning, bitcoin may get hurt, but we are all equally hurt here, whereas in the banking world, banks are not hurt, but you are. Just look at 2008, there was a house and mortgage bubble, right?

Well, those banks got bailed out, meaning if you didn't pay your mortgage, they were hurt, and took the home from you, and they were bailed by the government and KEPT the house, whereas you just lost. Why weren't the people bailed out? Why did banks? Here in crypto, we are all equals, nobody gets bailed out. That's why we prefer it here.
2677  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: August 16, 2022, 09:21:00 AM
Certainly looking forward to the Champions League games at this point as this is what really counts in my opinion when we talk about PSG. I wonder for how long the sheikhs might keep trying to win the CL or whether owning PSG pays off for them anyway. Maybe through the marketing effect for other companies they own, I have no idea. It seems that they are still making money despite signing these crazy contracts with Messi and alike.
I am also looking forward to seeing PSG's performance in the Champions League. PSG looks more stable this season than last season. Because Neymar and Messi's chemistry seems even better now. At the same time, if Mbappe can return to form, PSG will be even stronger. PSG is strong as a team. Boarding between players is now very good. If Galtier organizes his match strategy well, PSG can play well in the Champions League.
Recently, we have few things are surely going to happen in coming months if PSG fail to win Champions League then sheikhs are going to crazy, and they will sell this club because they are already fed-up and have mind which I read few weeks back in a magazine they are not happy as they are paying insane salaries to world's best players and investing heavily but still have no desired results.

With this warning now I am checking some change in few big players, and they are doing their best to keep their place and having required results for this season players attitude is also big issue here just because of this few big coaches reject this job offer and want to stay away from this club which is going without any discipline and management having different rules for all players.

Now ball is in Galtier and players side how they have done in this season and want to stay like this lucrative, or they are going to have big changes in coming season because most chances new owners are not going to give incentives like these to anyone.
2678  Economy / Speculation / Re: Will the price of BTC ever hit $40k again? on: August 16, 2022, 08:14:02 AM
I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.
That's low compared to its ATH and never in its history of bitcoins price did not increase its price and break its old record price after it falls. The price will eventually recover but we don't know when it is if you check its history, more likely to occur after a few months from bitcoin halving and that's 2 years from now. Long-time holders are the happiest people right now because they have the chance to buy low right now.
Exactly this logic for sure. I mean we have never stayed under ATH forever, we always kept on breaking it, even if it takes years, we always broke the price record. Which means that 68k was the biggest price we saw, and that means we are going to be 70k or more in the future, I do know when but it will happen for sure.

This is what I care about and I believe that it will happen sooner rather than later. That's how we could make sure that crypto is doing better. This is not something that could be timed though, I mean maybe this month, maybe a year from now, we can't really know the time of it, we can only guess. But I know for sure that it will happen eventually, or at least hope for it.
2679  Bitcoin / Bitcoin Discussion / Re: How many anonymous whales are there? on: August 16, 2022, 06:23:04 AM
Like people who own tons of Bitcoin or crypto but bought them without KYC? Either before KYC was a thing, or bought them through methods that did not involve KYC?
Usually whales are in a form of institution but if it's a single person, I think they buy bitcoin via OTC or over-the-counter. They find someone who sells bitcoin in their area then meet each other to do the trade.They don't go through to decentralized exchanges to buy because these DEXs' will definitely ask for some documents to withdraw that huge amount. It will also create a sudden pump on lower timeframes if they buy directly on those exchanges.
Coinbase and Binance offers that kind of service. Meaning if you want to buy let's say 10 billion dollars worth, you can't just end up buying it right up, it would make the market go super high in a single moment and you can't have a decent buy averages at all. So, what do they offer? You just put your money there, give an OTC order, and if there is another OTC order on the other side, it meets you and handles your deal and gets a good deal.

Because, there are sellers who would like to sell a lot without hurting the market, and buyers who would like to buy without hurting the market and they meet each other on these platforms with help. That way billions change hand, but the market doesn't move at all.
2680  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum will get more demand on: August 15, 2022, 08:52:40 PM
Yes, you are correct. People used to HODL precious and not give in to fiat right away in days long gone. Nevertheless, sentiments can change very quickly since markets are influenced by many factors, but I am most concerned with the lack of volume at the moment. No matter how the merge plays out, I believe the ETH ecosystem will continue to pump. Until either of those things happens, I'll ride the wave. It will take me until late September or early October to sell my house.
I definitely agree that we are in a situation where ethereum doesn't have the volume that it deserves. Right now we are on the verge of maybe one of the biggest developments in crypto world for the past 5 years, nothing as big as this happened since creation of bitcoin itself, and yet we do not see the hype for it.

I mean all of crypto people should be super hyped about this, and when the time comes we are going to see maybe 10k per ethereum, who knows? We should be quite happy about this situation. If not, then I am sorry to say this but there will be a lot of people who miss out on this profit chance and they are going to regret that they didn't buy it today.
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