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1  Economy / Economics / Re: The American Dream. What is Your Country's Version of it? on: August 03, 2023, 01:17:08 PM
... With a high unemployment rate, housing crises, increasing student debts, inflation, recession, wars, famine, high interest rates and all those factors that affect the economic mobility of many families both in America and all over the world threatening to wipe out the middle class, would we still say that  the American Dream exist? Is it still achieveable or attainable?

what shall we say about a country wherever it is will always be different regarding the dreams of its citizens which will lead to the Ideal Nation. The reality is many people living in poverty, homeless, and low-income scrabble to survive in America, most of them are like that probably because of the consequence of drugs or the social environment. The American Dream still exists but not everyone is able to achieve it.
2  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: July 01, 2022, 02:04:25 PM
strong hands I think those who can defend and the strongest hands are those who prepare funds to multiply bitcoins when they fall...
regardless of the next day and month it may fall even more ..... because not everyone has the opportunity to add assets because there are no funds for it

Whoever has funds to invest in bitcoin will buy now or later, whether a country or an institution since bitcoin is still going to rise and has still been one of the most significant choices for long-term cryptocurrency investment. Although some predicted bitcoin may fall another 84%-855 from its ATH at $69k, no one really knows what the future will brings to the market, but so far $17,7k is still the lowest price since November 2021.
3  Economy / Economics / Re: You win or you learn. on: June 21, 2022, 11:15:23 PM
Like many others, I myself also made a huge loss in this recent BTC crash.

you will only have losses if you sell your coins, imagine that you bought when the price was 50,000$, so at the moment you bought you had to have already considered the money invested as something that you could lose at any moment, with that thought in your head everything what you would need to do and be patient and not sell at a loss and wait (even if it takes centuries) that one day the price will be above 50,000$, while you wait for the price to recover you can buy bitcoin with each price drop, that way in At the end of the day you will be profiting and you can even recover your loss very soon. nothing is lost, you don't have to go into depression, you just need to believe and you have to use your head

it also contains losses when someone buys bitcoin at $50k but doesn't sell it at $60k, as the market price of bitcoin keeps fluctuating due to volatility, we all want our investment or portfolio to increase over time not the other way around, because it's better to sell bitcoin at that price higher and buy back at the lower price as the current price at $20k.
but for numerous people who miss taking advantage of the bitcoin price that has plummeted, yes it is better to hold on to what you have, don't sell it at loss.
4  Bitcoin / Bitcoin Discussion / Re: 8 months low, no better time than now. on: June 20, 2022, 03:43:18 PM
More likely 18 months low, since the last time bitcoin climbed to $20k was in December 2020 and ramped up to ath at more than $67k in November 2021.
Considerable occurrences that happened this year such as the great fall of the Luna coin that raised concerns for many investors and governments, the Fed increasing interest rates, and the inflation rate increasing to 8.6% in the US which definitely has impact on the crypto market.
The time has come for bitcoin to re-enter the cycle that has fluctuated quite a lot, the price may hit the lowest at $17k this month but eventually will increase, don't panic selling and keep hodl.
5  Economy / Speculation / Re: Will BTC reach $100,000 in December? on: November 02, 2021, 12:49:56 AM
Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin
Your friends believe are just based on assumption that has no base which I believe is just a mere speculation that has no back evidence to support it. Although, Bitcoin may hit another all time high before end of this year but that doesn't mean it will reach $100k before December ending of this year. Not possible.
Yes, $100k is yet too far at this time,  might $70k or $80k be the most possible reach if there is another ATH this year. We can be in such optimistic and you're right, it never makes sense if there is no basis and in fact, we want realistic, not fantasy.
Anyways, we make fun of doing this, everything is unpredictable and I understand that some people have been so optimistic but bear in mind that we don't have to expect more because it will only give us frustration when we got wrong.

Bitcoin price has always been speculation so far, based on several circumstances as the basis for price forecast such as supply and demand, dominance, market sentiment, adoption, moving average so on and so forth. There are many predictions that speculate bitcoin could hit $80k-90k in this month and reach $100k by the end of the year. (bitcoin will return to its all-time high of $64,000 by the end of next month, before hitting $98,000 in November. December will see it finally reach above $100,000, according to the analyst, who predicts it will finish 2021 at $135,000)1  so, it is possible for bitcoin to reach another milestone in this year.

[ read 1  and 2 ]
6  Bitcoin / Bitcoin Discussion / Re: Banks either adapt or face death on: November 01, 2021, 02:36:53 AM
Crypto is a combination of binary data, some designed to be decentralized, centralized, regulated or unregulated.
Banks or Financial institutions could adopt cryptocurrencies or blockchain technology, however, the uncertainty around the central bank that has the role to establish and regulate monetary policy, regulate and supervise commercial banks become a hindrance. Nevertheless, there are some government and central banks that allow cryptocurrency as a means of payment but there are some that prohibit cryptocurrency.
7  Bitcoin / Bitcoin Discussion / Re: Increasing acceptance level - Cryptocurrency on: August 05, 2021, 10:35:42 AM
one of the hassles for people using bitcoin in the daily transaction for sure, depends on the market condition it can take in a blink of an eye to be confirmed or waiting for hours.

it doesn't matter at these times as we can pay 1-10 sats/b and it will be confirmed within minutes, but when the price of bitcoin increases, we have to pay a higher fee and wait

for a longer time, very inconvenient. Hence, there are a lot of cryptocurrencies that offer instant confirmation and lower fees for transactions.
8  Economy / Trading Discussion / Re: This is why you DON'T want go short now 84% of the bearish options has wiped out on: March 26, 2021, 05:22:54 PM
When bitcoin hit $60k a week ago, that's the point to take profits, after the correction has come, daily traders looking for such an event to stacked more coins, hence whoever short at the bottom after correction will regret it eventually, too late to sell at this point when bitcoin predicted to recover soon after the expiration date of the options as people will buyback for sure. Bitcoin should recover in the next week, it's time to buy more coins not the other way around.
9  Economy / Speculation / Re: The Impact of US dollar on Bitcoin on: March 26, 2021, 10:48:48 AM
the effect of USD strengthen would be insignificant against bitcoin, people don't sell bitcoin just because of a slight increase in the value of a currency, which is basically depreciating in the long-term, simply inevitable. The central bank could print money infinitely depends on the U.S. Federal Reserve decisions but the limited supply of bitcoin make sure its value will increase over time. However, the rise and fall of bitcoin value depend on the market demands at a certain period of time, especially in this year, if there are some corrections it's a normal thing as people want to take profits and withdraw their money.
10  Economy / Services / Re: Ideaology Signature and Avatar campaign[OPEN] on: March 26, 2021, 10:06:16 AM
Bitcointalk Username: error08
Profile link;u=587882
Post Count: 1821 (including this one)
btc address : bc1qdwh955guc8afhkx7m09wjlvjdswnrahz3jsdvd
Forum Rank : Hero Member
Wear sig and avatar : yes
11  Economy / Economics / Re: JP Morgan says large firms will not follow Tesla's bitcoin move on: February 11, 2021, 06:25:37 AM
JP Morgan predicts bitcoin price could rise to $146k in the long term as institutional investors continue to increase their portfolios with the cryptocurrency at the expense of gold, stated in the news on January 5th, later in their next statement when bitcoin price fall to $30k; analysts at the financial JP Morgan Chase doubt that the electronic currency can be traded above $ 40,000 again. Seems their words and predictions contradict each other, not to mention their act to possibly buy bitcoin.
Grayscale, Microstrategy, and Tesla have been investing in bitcoin, how could it does not trigger others to follow their path? it just the early days of 2021, bitcoin still has a lot of room to grow this year upon inflation and depreciation of fiat currencies.

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12  Bitcoin / Bitcoin Discussion / Re: How to make money from Bitcoin in 2021 on: February 10, 2021, 09:45:18 AM
Daily trading seems like a game of fortune for most people, not for everyone but for those who know to read the charts and calculating the probability, but not necessarily day trading to make profits, just buy and hold cryptocurrency like bitcoin, eth, and ltc for several weeks or months, it surely is profitable.

Bitcoin mining has a lot of variables, bitcoin price, costs of mining hardware, and electricity, then you will need to earn enough bitcoin from mining to cover the continuous costs of mining 24-7. Furthermore, since the difficulty of mining bitcoin increases it has become arduous for individual miners to get the best hardware and making profits against bitcoin farms that operate at scale use these advantages to maximize their earnings.

The best way to earn bitcoin simply to work for it, selling goods, offer you skills or services, even nowadays you can learn those abilities and gain experiences online, just need an internet connection, patience, and hard work to stimulate and improve yourself.
13  Bitcoin / Bitcoin Discussion / Re: Tesla buys $1.5 billion in Bitcoin on: February 09, 2021, 05:08:38 PM
I was about to post this in other thread where we were discussing the recent changes that Elon did to his profile on twitter (Regarding "bitcoin" in his profile) but I guess that this is a way too much important new that couldn't be buried on a thread.

For anyone that wants to see the official document : SEC filling.

What's more interesting further than Tesla betting on diversifying it's investments is this simple paragraph :

In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

This my friends is the true gold in this latest filling. I truly believe that Elon will do whatever he can to push investors to gain enough traction/support to implement BTC as a payment for their cars. It will be quite a ride and it will prove quite hard indeed, but if there's one person that won't stop at nothing, it's Elon Musk himself.

Today is a good day guys!

Tesla marketcap is $815 billion and diversifying asset on bitcoin in 2021 seems more popular among big investors and companies will push its value even higher this year, no wonder some analyst predict it could reach over $100k or $300k by the end of the year.
Subsequently, after several recent tweets about doge and a bitcoin hashtag then Tesla intent to begin accepting cryptocurrency as one of the payment arrangement, positively encourage more institutional investors and companies to at least accept bitcoin as a form of payment as well. Many people want to spend cryptocurrency without having to convert it to fiat currency, some crypto-firms provide the service to do it, only if more numerous corporations, retailers, and merchants join into the sphere, then some crypto will emerge better than others as a digital currency to scale.
14  Economy / Speculation / Re: Don't be surprise to see price of btc drop this week on: February 06, 2021, 04:09:37 PM
I'm seeing with the way the waves has gone and the closing of last week and month, the price is going to drop taking off close to $4,000 from the current price. This maybe a major correction.

With this happening last week and market situation for the first day of the week and month, we may look the downside to $31,523

in fact, it's the other way around as bitcoin gets back to $40k by the end of this week, the bull has back by pushing above the upper angle of a descending triangle and may reach even higher up to $45k by next week and we're expecting $50k-$60k in this month. The market indicates a strong buy at the moment re-approach the ATH price at $42k as the next resistance to watch. Furthermore, the RSI in the bullish preference as it rises above 60 but still has room to continue before becoming overextended.
15  Economy / Trading Discussion / Re: How do you develop stronger hands? on: February 01, 2021, 06:49:51 PM
Let's say you analyze the charts, you make a call, and place a trade with a certain time horizon.  How do you avoid getting 'shaken out' in the short term? 

After doing research, analyze the chart, and calculate the probability, just set your target and stop-loss, and stick to the plan.
If you think; always look and observe the chart all the time makes you doubt the previous settlement, so don't do it, just set buy-sell orders and leave it until accomplished.
Moreover, you can set some targets and put some orders as backup plans to achieve your eagerness in trading.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon fuels BTC rise 17% DOGE gose 8 on: February 01, 2021, 06:23:47 PM
The power of a hashtag from one of the richest men, ff course it might have an impact on the interest of the market because people think that Elon Musk supports and buys bitcoin. He is a fan of bitcoin and announced last month he is open to being paid in bitcoin as he considers that bitcoin will get wide acceptance in finance. No wonder why the price of bitcoin can persist above $30k and predicted that it will reach a new ath this month, hopefully could exceed $60k.

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17  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: February 01, 2021, 05:36:52 PM
For Africa, Bitcoin is not just a speculative asset. Africans choose Bitcoin because they want to bypass traditional systems that are only open to a few people. For example, remittance is one of the areas where Bitcoin is most commonly used in Africa, because remittance fees in this region are the highest in the world. Africans who send money back home from abroad are charged an average of 10% of the total remittance as a handling fee, which is twice the charge in South Asia.
Mate I'm from Africa and people around me that are into crypto choose crypto to make money, they have no problem with traditional system at all, infact when when they get some good ROI they have to convert to fiat, straight to the bank, africans are into crypto to escape poverty for real

It's happening all over the world, not just in Africa as the bitcoin price tend to increase and people could make profits by trading bitcoin, especially in developing countries in Africa. The standard of living of people varies depending on the area of residence as well as the cost of living in several countriesy that are cheaper than living in developed cities or countries in Asia, Europe, and America.
18  Economy / Economics / Re: Rich have too much on: February 01, 2021, 03:27:37 PM
Lets take and share to poor more taxes and taxes % to me im poor
Time for revolution !!!

I don't know why on earth there is someone like you who is superficial, if you want to earn something then work to obtain it, don't just sit around expecting the results of other people's struggle to earn something and you get the share. Even if you doing nothing as a poor man, you are already enjoying the comfort of life indirectly, from rich people who work hard and pay more taxes than average joes to develop the country's economy, what keeps it from reaching society is a corrupt and inefficient government.
19  Bitcoin / Bitcoin Discussion / Re: The day I entered the bitcoin market.... on: February 01, 2021, 11:32:47 AM
Instagram has a lot of tutorials that will help you

I totally sympathize with you, but good lord please don't get your tutorials from places like Instagram. Heck, even content on Reddit is probably far better.

Even this forum provides so much information to learn about the fundamental and basic things regarding bitcoin and everything related to it, just have to know which board to look for. in the early days I entered the bitcoin sphere, I remember watching a documented film about bitcoin; The Rise and Rise of Bitcoin directed by Nicholas Mross, the film provides a number of basic information and descriptions about bitcoin and blockchain for beginners to understand, may also be suitable for those who are reluctant to read a lot of new things that may be difficult for the average person to understand.
20  Bitcoin / Bitcoin Discussion / Re: How much btc do you need to secure your future? on: January 31, 2021, 11:56:09 PM

Would most agree that number probably is at least ten btc minimum?
I don't want to hold that much just to secure for the future. Well, that is huge enough if converted to our fiat money during its current price but I'll be thinking about the risk of holding huge amounts online due to hacking incidents. Could be more secure if we put it into another form of business for a reason that what if we die and nobody knows the keys?

I'll do holding but not that much.

Most will agree BTC10 will be enough as international standard expenses considering high-cost living in some countries.
If you hold BTC10 as the reserve fund for the future, simply put it on cold storage and make sure to keep the private key safely, then there's no more risk of hacking.
Yes, if we're planning the future, can't rely on just 1 plan like hold bitcoin, buy some assets like gold, lands, develop some business, anything that you are capable of.
However, bitcoin may the best investment for the long term against inflation, if BTC1 worth $1 Million someday, it should be great as backup funds to do things mentioned before, let alone BTC10, you may live without having to work in the rest of your life.
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