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2681  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.
2682  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.
2683  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.
2684  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.
2685  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.
2686  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.
2687  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.
2688  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.
2689  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.
2690  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.
2691  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.
2692  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.
2693  Economy / Economics / Re: Tips to save my finances, to grow personal economy on: August 15, 2022, 08:24:32 PM
The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.
Yes, so many people fall for this, we call it "Keeping up with the Jones' " so many people feel
the need to match their neighbours.
Unfortunately my wife falls that frequently as well, her friends are getting married just now, and we got married long time ago when we were pretty young. Of course all the things people buy now when getting married are more high tech, back when we were married they weren't there, now they are all buying them, so did she Cheesy. So long story short it's a life that you gotta accept and nothing more to that.

I believe that we could keep spending money forever and live a happy life like that and it's fine, but we could also end up saving and then spending it all at once for something ore grant and we could be happy like that too, it all depends on what you want, there is no recipe to happiness.
2694  Economy / Trading Discussion / Re: trading more efficiently on: August 14, 2022, 02:53:32 PM
The strategies which you are using and give you better results then its a good idea to trade with the beneficial tool and to be more successful you should make certain trading plan and follow that so you will quickly achieve your plan. Remember one thing that trading is just a business you will face success as well as some times may be failure but do not upset its just a business.
No other tool that brings us success in trading is to focus on what we are doing. Loss is a part of our trading journey but we never think it was a bad sign, yet I consider this as a tool for us to improve. It serves as a warning that there is something without strategies and style, and therefore, we have to correct this and make trading more efficient.
Without understanding how trading works in real life makes us really upset.
Losing is not a bad thing if you know why you lost, but it could be a very scary thing if you have no idea why you lost as well. I know plenty of people who got scared and sold their coins for a loss, and that is not really a good thing because it results with them not really knowing what they are doing.

But, I believe that the best thing to do would be learning to trade better and that way it would be something much more magical, it would allow you to make a bit more profit, but even in a case of loss, you are going to end up with a good profit and that's how you should approach things, not the other way around, losing and learning is a great tool.
2695  Alternate cryptocurrencies / Altcoin Discussion / Re: Which one do you think its more healthy for a project on: August 13, 2022, 03:41:59 PM
Most especially new projects do you think its healthy to rush things up or take a lot of time and gradually release updates and follow roadmaps slowly? There are some complains that most projects aren't following the exact timing on their roadmap and some even takes this is Red Flag.
Many indications that can say a project is good or not, I don't really pay attention to whether they always follow the trips that have been written in the roadmap, in my opinion the easy thing we say whether the project is good is available in many top exchanges and there is a natural request, not with pumps techniques that often outwit.
I agree that being listed on the big exchanges would make a project great. But in order to get there, first it needs to go through the hard parts of it. I have to say a project that starts out with spending a ton of money is a good indicator.

We should look at that because it means that we are making a good profit and that’s fine, if we are seeing that impact, then we will see how great they will start on the release date as well, maybe even be on the radar for a Binance listing after just a month of being released. But, places that barely have any money to spend, will not be able to get heard that much and it would probably not be listed anywhere at all.
2696  Economy / Trading Discussion / Re: Do I need a VPN to short trade in the UK ? UK FCA crypto confusion on: August 13, 2022, 02:55:40 PM
Not really recommended using VPN to access on your Binance account exchange or PrimeXBT, better if you still use computer than change your chrome DNS setting, use the public setting and you can access to exchange market have been restricted by government. I have try and success opening all exchange market have been banned by my government country with DNS setting without have use VPN, I worry will get suspend with abnormal activities when opening exchange market using VPN because have different IP for usually access than used VPN.
Not recommend going to any exchange really with VPN on, that means you are joining there from another IP and that could be a horrible mistake for you. I am not saying that you can't get away with it, there is a small chance that if all goes well then you will be able to do it, considering how people do actually change place and travel to other nations, so it should be fine.

But, there is also a small chance that we could end up with nothing at all, it really doesn't make sense to risk it. VPN would be a "waiting to get wrong" situation and it would be a problem, UK put a law, and just follow that and do not try to risk everything by putting it all away on a VPN.
2697  Economy / Trading Discussion / Re: A little profit for $17k+ buyers on: August 13, 2022, 12:25:44 PM
So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading
People who talks about bear market and people who talk about we are still down all needs to see this. We are nearly 40% up, how many things in the investment world is already 40% up? We should be quite happy with what we have right here and it is just the start, we are going to be so much bigger. People who do not see that, just fails to see that and it's fine, I do not care, it’s their loss.

I made a good chunk of profit, if you do not want to, keep being scared. I agree that 40% is a big big amount, but we are going to have as high as 10x from the bottom, which is 17k to 170k and we are going to get there, people need to open their eyes to reality and see we are going up.
2698  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot stop amazing me on: August 13, 2022, 12:09:21 PM
I have the same thought regarding this. They take advantage of creating a FUD.
If we look at most of those who oppose bitcoin are very influential people. And what he said could affect a lot of people. We never know whether they really do it on the basis of the truth or indeed they don't want other people to get something of great value.
The biggest one I heard with the same excuse was China. There are a lot of people who say that China already banned bitcoin, and keep telling people they "banned" it again and again, so far we have seen 11 news regarding this, even if smaller parts, they keep saying they banned it.

But, the main reason behind it is said to be China buying a ton of crypto with the dollars they have, they know they can't cash that out since it is a lot of money and would ruin the economy, so instead they drop the crypto prices with such news, uses the dollar debt they own from USA to buy crypto, and they can move that around easier and quicker, and when it goes up they have a lot of profit from it as well.
2699  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum (ETH) on Its Way to $2,100, Top Trader Says ! on: August 13, 2022, 11:34:39 AM
Following the news, and hypes, I predict Ethereum's market will start pumping. Likewise, I agree that it will fall after Ethereum merges. An event where you buy the rumor and sell the news. The Ethereum price will crash hard next month when the 2.0 goes live, much like Cardano last year when it pumped before it launched mainnet and then crashed afterward. All the way through the event, I'll be buying more, but I'll be sure to my return.
I do fully agree that there is a good chance people will end up with a great deal of trading based on the news and that is definitely something that we should be careful about. You can't just make a big deal out of news because that doesn't mean anything at all, it is just news and we shouldn't be trading based off that.

We should be seeing what it does and that’s how we should be making profits. Real things come with real trades and real increases, just a rumour or news would not make it good or better, it would cause it to inflate for a while but then quickly go back down right away. Hence, it is the best thing to make sure that you know what you are doing instead.
2700  Economy / Economics / Re: Why aren't people utilising cryptocurrency payment methods? on: August 12, 2022, 06:48:05 PM
We still have so many crypto unbelievers, 90% of humans out there are still waiting for regulations, people failed to understand that once the government have power over something it will block powerless people to achieve greatness, the insanely high volatility of crypto is why ROI can go as high at 1000%.
I don't think that we are at 90% levels anymore, it looks like we are at maybe like 70% or so for the people who haven't gotten in. And not all people who haven't gotten in just yet are people who are hating bitcoin or waiting for regulations, some do not because they do not have money, some do not because they do not understand how to, there are a million reasons.

So, if we talk about a realistic number for people who can but prefer not to, that could be around 50% if you ask me. That's an important deal and I think it would be a lot smarter for people to just focus on the people who do get in, instead of losing time over people who haven't just yet.
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