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2721  Alternate cryptocurrencies / Altcoin Discussion / Re: Millions are still been raised in this bear market on: August 08, 2022, 03:50:04 PM
I'm not sure the new project will last, but I'm very happy to see new projects keep coming and being developed by so many people. despite the millions of dollars they have raised, i hope the project can survive in this market situation, there are many web 3 projects and some projects are doing mainnet with anti quantum blockchain they created, there is interesting thing because developers always put security first
Exactly, it doesn't matter how much millions new projects are raised, some will fail and some won't but only those that add real world utilities will survive on the long run, my advice for everyone is to choose projects wisely and only invest money you are willing to lose.
Also how much raised do matter when we are talking about a new project, most of them are crowdfunding the team so that the team could continue to develop something good, or they are just scammers. But even people with the best of intentions would have to actually end up with something major in the funding part so that they could afford it.

So at the end of the day, millions are still raised because people know that they need to fund these projects in order for them to be good. If all people get together and pay 5k to a project, it won't take off and be good, so either everyone is in, or nobody should be in order for the project to have a result and not be in the middle.
2722  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu Long-Term Holders Are Increasing as Investors Shift Focus on: August 08, 2022, 02:54:49 PM
Yeah the coins somehow joking on the peeps who did not entered at the right time. But as a saying, its risky to invest in meme coins after DOGE really became doggy when its master Elon left it middle of nowhere. With the new meme coins launching again and again it became really funny but somehow many of them made millions of dollars out of it and became rich very quickly. Call it as their luck or being at right place at the right time. Its very attractive these days and there is feeling of want of having SHIB. May be there is no harm having fee million SHIB in wallet.
People who think that Elon would be the main key factor on how they become rich will have a bad day in the future when they realize Elon doesn't care about them or their coins. Look at all the replies to Elon’s tweets, there are millions begging for him to talk about doge again, just so that the price would go up, even buy doge and let the world know so that price would go up, and they are crying about how they lost all of their life’s work (how could you?

I mean even if you bought at peak and sold now, it's not fully lost, and that’s peak loss) and I think it’s really a shame for people to spend all their time hoping for a single person to decide their whole future.
2723  Economy / Economics / Re: Henan Bank decides to use citizens money for investment on: August 07, 2022, 04:44:56 PM
This has happened before and not just in China and it happens to banks all over the world. Banks are the only trust that people can trust, but unfortunately the bank is not the safest place. This is China and bitcoin is strictly prohibited here, people will have no way to store their wealth other than banks.

Bitcoin is the only solution for our wealth, hopefully bitcoin will soon get mass adoption so people can protect their own assets and no need for any centralized bank.
What did people think when they invested their money into a savings account? Banks just charge late fees or something and pay from there? Loans are an investment, meaning even if banks didn't end up investing into stocks or anything, your savings account money is used to give someone else a loan and that loan is for 5% rate to pay back whereas your savings interest is 1% or less.

This means that the bank makes a profit by using your money to give others loans, and yes there are defaults but very little which means that they still make a profit just from that. But they find it not enough so they end up putting a good amount of money into stocks this way.
2724  Economy / Economics / Re: Nations should impose special taxes on oil firms: UN Secretary General on: August 07, 2022, 01:45:02 PM
Fossil fuels are usually heavily subsidized by the state.



Image link:  https://i.ibb.co/crNVFJ5/oil-subsidies.jpg

https://subsidizinggreen.blogspot.com/2011/12/history-of-subsidies-in-united-states.html

Rather than raise taxes. In the united states, it would make more sense to simply cut subsidies.

Giving free handouts to oil companies in the form of subsidies while simultaneously raising taxes on oil. Increases inefficiency.

People don't care about this that much. They think it doesn't affect them. But one day they will wake up and realize it does greatly affect them and their standard of living. And hopefully they will take this issue more seriously then.
If the subs given to them gets cut, then there will be some of them who will hold the political parties responsible for it and increase their price. It is like a blackmail, give us some money so we give the oil for cheaper, and if you do not do that, there will be double of that coming out of people’s pockets.

What should be done instead is regulation. If you end up saying "this is the max price you could sell a gallon of oil for" then it will be fine, our nation does that and it works. Sure, it makes oil companies make less profit, but they do make a profit and that’s what business should suppose to be, making profit, not skinning the milk out of everyone that have to pay.
2725  Economy / Trading Discussion / Re: Don't sit on your hands on: August 06, 2022, 02:23:55 PM
Actually if they are lazy enough to research about strategy regarding about the possible price of Bitcoin when it goes down even more, they could literally just buy at whatever the price of Bitcoin right now, because we are too far from the all time high and all they would do is to wait for it to reach that peak again to gain profits.

Now, if the price dumps even more after they bought, then it's fine, because the bottom line is Bitcoin will definitely gonna make a new all time high after this bear market.
I agree with this a lot. We shouldn't really be worried about the current price, it's doing great and we should be fine with it. Prices under 30k means that you would have a 3x when the price breaks the ATH levels, and when we go higher it could still be 2x at the very least. That is just when we break ATH and we all know that it will break a lot higher than that as well.

It's not a shame to admit that not understanding bitcoin and markets, but it is a shame if you have money and get in right now and too scared to do that because price is low, you should do exactly that when it's low, buy into it. Maybe it's not easy, but it's definitely not bad in the long run.
2726  Bitcoin / Bitcoin Discussion / Re: Why are so many Derivative Exchanges are filling for Bankcruptcy ? on: August 06, 2022, 12:45:32 PM
The trading Fee is one of the many factors, there are ways from which exchanges make money , one is listing any coin or token for which they may ask from 20,000 usd to almost anything , 2ndly the people's funds which exchanges hold they park the funds somewhere else just like banks, 3rd and most important is most exchanges have raised funds from VC's from millions to billions dollars depending on their volume, so according to my opinion is which i said earlier govts should work on bankruptcy laws just like in shares and stocks.. so it will be a nightmare for a company to actually file for it, looking at situations it seems like its a cup cake for an exchange to file for bankruptcy...which is absolutely not right for crypto community as a whole...
The parking the funds part usually do not get a lot of profit, I mean maybe a little but not a lot. I have worked with exchanges before and saw how they were dealing with profits, and even worked with one that bankrupted as well and know how.

The operational costs are not the trouble they usually have, it is the reward promises that kills them because they end up with less profit than they assume they would. But one thing is clear, listing fee is definitely a big deal when we are talking about smaller exchanges, big ones list stuff that would already be listed, so if you think coinbase charges you or binance charges you a lot to get listed, you are usually wrong because they do not list shitty stuff just because they got paid.
2727  Alternate cryptocurrencies / Altcoin Discussion / Re: Centralized Exchange And Decentralized Exchange on: August 06, 2022, 12:14:06 PM
Centralized exchange and Decentralized exchange have advantages and disadvantages. So it depends on us as users, I think both are needed in the crypto world. For developers, it seems that a decentralized exchange is more appropriate, because high listing fees are not applied.
So it's easier for developers to register new projects on decentralized exchanges. Then for investors or traders, it seems that centralized exchanges are much better, because there are many choices of quality projects. And usually have low trading fees and high liquidity, so daily trading on centralized exchanges is much more profitable. For now I am more comfortable using centralized exchanges than decentralized exchanges.
The part that says we need both of them are the only thing that matters here. Both have their ups and downs like you said, which means that if we end up not caring about the results of just one, then we are going to be stuck with the other. So, it is better to focus on the thing we already have which is best of both worlds.

If you need to use a DEX then use one, and if you need to use CEX then use one and it will help you out in the long run to go on like that. I use metamask and pancakeswap and uniswap along with how I use coinbase and binance all at the same time and have money in all of them. Because, what I need at that moment matters to me and it could be different stuff.
2728  Alternate cryptocurrencies / Altcoin Discussion / Re: How to take profits? on: August 06, 2022, 11:14:01 AM
Try to learn to be patient with this market and improve your knowledge with quality projects to find opportunities that can enhance returns with long-term investments. Don't just follow the trend or follow anything from someone and set your goals too high. I see greed in the investment process as the cause of missing out as well as continuing to make mistakes along the way to trading or holding crypto. And each of us, without a clear strategy for allocating assets as well as balancing profits and risks, will often suffer more failure than success.
Patience is actually doing nothing and some people fail to do that for some reason and I have no idea why. I mean think about it, we are talking about just making sure that you do not end up with a loss, and all you have to do is not selling. I personally find it very easy to not sell and because of that I have made a lot of profit so far.

I think if the price doubles from where, I will be in a giant enough profit that I would be able to finally afford a car and a license, which means that if anyone feels the same way, they could even start doing ubers on top of their current job and put all that extra profit into crypto all over again, or make that into a living. This is literally a lifeline, everyone should take it.
2729  Alternate cryptocurrencies / Altcoin Discussion / Re: Benjamin Cowan named the four most promising altcoins on: August 05, 2022, 09:08:21 PM
Of course it is a potential altcoin that we deserve to hold for the future, so never hesitate with the coin because currently there are very many investors who have invested in the project, especially now that a price drop is happening, it is very appropriate to collect the coin so that later we can get big profits in the future.
I am not sure if that is the case. I get that ethereum is a good one, and maybe Avax could become a good one if they keep this up, but ADA and DOT do not look to be great ones with a huge potential to me. Maybe I am wrong but it looks as if that could be the case for most of it right now.

Because, ADA promised the worlds and delivered a tree, that's not going to cut it in the crypto world. It was so much hyped that the promises made it into third biggest coin for a while, and that should tell you how much people are in the wrong here. To get something that is as big as ADA was, you need to actually have something and not the promises of something, which was the main problem.
2730  Economy / Trading Discussion / Re: Technical analysts be like.. on: August 05, 2022, 08:31:36 PM
I never excel on technical analysis but fundamental is my cup of coffee. I can say that some are relying heavily on charts and indicators but frequently the market moves on mysterious ways like we thought we are correct as chart says so but in the end we didnt anticipate that it could change the market movement out of our TA.
I've read many books about TA, and I can also say that I failed to excel in TA though I knew the basic strategy but I can't sustain it and become a day trader, FA works better for me as well. There's a lot of good analyst but if you are going to hear their stories, you wont believe easily on how they succeed and become a good trader.

We do analyze using our best strategy and effort, but remember that this market is beyond our control so expect that your TA might now work most of the time because the market is moving on a different trend.
Because it's not an exact science, that's why it's hard. I mean many people think that they could find something that is cool with the crypto world, but in reality they do not realize that it's actually good tough to do it. I personally do not believe that it's that hard, but many people think so because nobody I know realize that it's not going to be an easy task and it will fail many times.

If you keep on thinking it will not fail, then you will soon lose a lot of money. If you do not make trades with 100% accuracy do not worry, that's suppose to happen because chart trading and TA are all things that give you a profit in the long run, not all the time.
2731  Economy / Trading Discussion / Re: Can Day Trading be profitable in Crypto ? on: August 05, 2022, 06:05:28 PM
Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility.

But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees.
This is mainly because of the fact that crypto day trading is not like other day trading in the world. Here it is very volatile and we are talking about liquidity not being available everywhere. Sure binance may have a lot, but not everywhere else does have it that way. Which is why I believe that we shouldn't really be worrying about the current situation, since liquidity is down everywhere.

This means that if you could find a place with low liquidity enough, you could take advantage of that while trading. You do not get anything like that anywhere else because it is centralized trading and even if you do it via a place that is used very little, it is still goes to the market with high liquidity.
2732  Economy / Speculation / Re: Are we at the bottom? no one knows, but market is doing fine. on: August 05, 2022, 12:08:20 PM
None can be sure about the answer to this question of being at the bottom of the market or not because from what we can see on the technical charts we are currently in a bearish season and there is still not any valid sign to say the bearish season is over, so according to this theory, any price movement to a higher level can be just temporary unless we break the resistance and change the trend to finish the bearish phase, otherwise I'm waiting for lower prices every time I look at the chart.
The logical reason to see why bearish is over is the fact that we have been in the fear index for too long, and the price is recovering right now. I know that not many people will believe we are over it until the price hits a good price, but the reality is that we may not see those prices for a while.

However, we should realize that "bear" means the price going down, and the price hasn't gone down much for a long long time now, meaning we have been over bear market for a long time now. We may not be in a bull market, but markets are not just bull and bear, there is an in between place where it doesn't go down like bear, but doesn't go up like bull neither and that's where we are now.
2733  Economy / Trading Discussion / Re: How can all (or most) cryptocurrencies rise and fall at the same time? on: August 04, 2022, 09:55:06 PM
The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not  make trading or investment if the cost is highest on its peak.
not all of them. some altcoins sometimes still keep their prices stable when market conditions are making movements.
indeed the overall situation of bitcoin will affect the altcoin market. and it all depends on how we make an investment planning policy. some people prefer bitcoin and others like altcoins. there are even some people who are fans of meme coin.
There are not many of them around, I mean sure they could give it a try but in the end it is not going to be like that for most coins. I do understand that you may end up finding a few, but it is not going to be common and it will not be long term. If the market goes down a lot, not many coin will be able to keep their prices high for a long time.

Let me tell it this way, when all these coins reached their peak on the fourth quarter of 2021, have you find anything right now that would be similar price to those days? I am sure there are none. Which is why even if some managed to hold on for a while, that means we are going to end up seeing it go down eventually.
2734  Economy / Trading Discussion / Re: Don't sit on your hands on: August 04, 2022, 09:08:05 PM
We'll never know. Bitcoin has already proven even how dipped we are, there's still more dip, it's really unpredictable, that's how the market works especially in the cryptocurrency market where volatility is high. To be honest, there's still a huge chance it will drop below $19,000 because, in just the last few months, we experienced to drop of around $17,000 in just a short period of time, so everything is possible anytime.
I do not think that "no matter how dip we go, there is more dip" is really true. I mean sure it looks that way right now, but in reality I think the dip is already settled before we even do it. This means that the market knows what where they will get in and stop it and buy all the bitcoins at that range to make sure it doesn't go any below, and this market is you and me and other regular people like me along with all those rich people and companies, we just don't know what that price is until we see it.

Meaning, do not worry about the dip, because the dip will stop, worry about the upside because even though it will stop at certain dip, it will always keep on going higher and higher and we do not know where it will stop.
2735  Economy / Economics / Re: Euro currency going down on: August 04, 2022, 08:18:34 PM
I mean sure it went down, there is a looming threat of war on the continent and major changes are under way regarding the energy sector, so with that much turmoil, it definatelly had an impact. So nothing out of the unexpected here. How EU handles the energy crisis will have a major factor in how it's curency behaves in the future.
It's not really a "threat" of war, Ukraine is in Europe and the whole fight is about keeping the parts where Russians live mostly, so that Russia could have a buffer zone with Europe in between them with a brand-new Ukrainian territory under their name.

We are not going to just get this war in the Europe, we are actually having it all around the world, how? The gas prices jacked up because of this and the people in the USA are getting screwed about it, let alone people in poorer nations. So, if we are saying that euro is impacted because of the war, it actually means every single fiat was impacted because of it and will continue to do so for a long time.
2736  Bitcoin / Bitcoin Discussion / Re: This is a Must sharing happiness About Bitcoin on: August 04, 2022, 07:19:52 PM
It's unstoppable regardless of most country limiting it the mass spread of individual coupled with the internet advertisement kept it gluing and gain attention around the world. Yes we as early adopter can as well try our best via conference, meeting and television show and also hosting some talks on radio station is making more effect on bitcoin.
You can try your hand on anything you want that is not online world, but that is the best place that this gets attention. From social media to youtube to forums like this, there are a thousand places where people could talk about crypto.

And we are not like the old generation, we realized long time ago that we need to do stuff that are silly to explain long before we got into it, because we know that the real world would not allow us to live a life like our parents lived. This is why it makes sense to just invest, and do that online and let people know all around the world by showing it on your social media, like twitter or instagram so you know what you are doing.
2737  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba lovers lower your expectations on: August 04, 2022, 06:58:42 PM
Developers are profiting over investors like you. You should be careful with this investment because it's possible the huge supply is going to be dumped in the market by people behind shiba inu aiming their own good. And in my opinion you are being too optimistic. I would swap all those SHIB into something scarce, widely adopted, advantageous and valuable like bitcoin right now.
It is hard to confirm anything, OP decided to get hold of Shiba, he must have done research on Shiba as well.
For me, investing in Shiba is also no problem, each person has their own choice. As long as he understands what he's doing with his money. If he accepts the risk, he also deserves the reward he expects. Shiba may create a new hype or disappear, who knows?
That is it about shiba though, it is not a "risk", it is a different type of earning that is not similar to what we have with btc or eth. Shiba is there because it was hyped, not because it is technologically superior or it was early bird, or it wasn't any of the other million things.

It was there because it had a big hype during the Elon Musk doge tweeting period and because of that hype period there were a few doge related tokens and shiba was the biggest one. So whenever there is a hype about it, the price goes up but that's about it, they do not really have anything that is marvelous to provide to people, it is all about "lol it is doge shiba, come with us!" and that's it.
2738  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Classic Catches Triple-Digit Gains During the Last Two Weeks! on: August 04, 2022, 02:22:38 PM
As Vitalik sais - ETC is a good coin for PoW) So you can understand that all ETH PoW lovers will jump into ETC.
ETC is one of the oldest coin and has  maintained its rank in Top 20 coins on coinmarketcap. The Ethereum merge in September-22 (which has compelled miners to switch to ETC)  is behind current hike as well as investment from Grey scale and Antpool. Technically speaking ,the current price of ETC is around $37 and next resistance is at $43 which is very strong. I think we should not jump in at current price and wait for it to go above $45 then it can make further gains. DYOR
The amount of price it will go up is not based on the mining alone. Because, miners may mine it, but miners will also sell it to cover their bills as well. If you are making 2k dollars per month profit from mining ETC, that means you will probably pay 1k of that to electricity alone, and that means you will have to sell your ETC to make that back.

I am not saying that it would make sense to just stop, of course you have to keep going, but ETC will not profit from this as much as people think. There isn't any added new reason for people to "buy" ETC, but if miners switch here then there will be an added reason to sell it which should hurt the price more than it helps.
2739  Economy / Trading Discussion / Re: Is Forex trading a good way of making money ? on: August 03, 2022, 09:49:04 PM
Any market can give you profit, especially if you already know how to trade and with Forex its really possible. The good thing here is that, we have the general rules in trading, what works in crypto trading can also work in Forex, maybe you just need to adjust the timeline but it is still same in principles. Trading with forex might become more risky, don’t jump in if you still have no confidence on trading, better to learn first especially with forex.
Yeah I dont think your last time would make much sense to the OP or people making similar statements like the OP, because they are here for the quick gains and not for learning how to trade with skills taking their time.

The reality of people losing money in things like forex or people jumping from one market to another is that they are frustrated with the bearish trend on one and want to get more greens on their charts. This shows the lack of patience and the inability to become a pro-trader in either of the markets.

Definitely learning a new type of trading is good thing. But for such people it is far from learning something new, but only about making money and thats why they get it wrong.
Not learning how to make a profit, and still asking good way of making money? I mean people who are looking to make a quick buck will always end up being upset about that fact, it will be trouble for them. On the other hand we are talking about something that is much more reasonable on teaching how to trade, either on crypto or on forex, because it will take a while and it will not be simple.

I believe that making money on forex is harder than making money on crypto, but if you go down the ranking order, small cap stuff could be equally hard, or if you do high leverages on bitcoin then that would be hard as well so it is not an easy task.
2740  Economy / Trading Discussion / Re: BTC Bull Trap – Is the post-Fed crypto rally over? on: August 03, 2022, 09:14:20 PM
Bitcoin linkage with Fed meetings is always overrated! Don't forget that Bitcoin had been on the bullish track before the July minute of the Fed, so Fed's decision might be overhyped by people. I will always say that Bitcoin is primarily driven by the market sentiment rather than the Fed's interest rate hike in July.

Try to study the past histories of the Fed's decisions on interest rate cuts or hikes, they usually have different impacts on Bitcoin. This gives me the opinion that investors control the market now. However, Bulls might gain control if Bitcoin closes today above 23200. Else, more dip is expected.
It is not overrated at all. The connection is that if there are people who are willing to withdraw their money from stock markets, gold, oil, and whatever else along with crypto that sends a message. It means that people are withdrawing money from the markets and they are putting it on savings accounts basically, or treasury or anything like that.

This means that it makes sense for crypto prices to drop when there are all those people withdrawing their money on ALL markets. Seems like fed is not going to do something marginal like that anytime soon, or at least it is not expected to happen anytime soon. This means that rally could be over and we could take a look at the current situation as a better thing.
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