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1061  Bitcoin / Bitcoin Discussion / Re: Bitcoin DCA - always same amount or do you change depending on price? on: February 17, 2023, 04:19:06 PM
You have answered all your questions in your question itself. Smiley
I think buying at very high will shift your BEP towards higher peak target. Imagine having your BEP 30k (futuristic) and suddenly bitcoin drops all the way to 15k! What would you do at that time and how will you tackle the average price at that time. It will take lot of efforts for you to shift it down again.

Be cautious you might just get stuck into infinity loop and get fluctuated with your decisions as well. Better to decide where you want to reach in terms of profits? You can easily set the limits by then.
1062  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: February 16, 2023, 06:20:32 PM
Well Son, the concept of socialising over the internet without meeting each other personally is itself a shame on the social life so it’s gonna be deep discussion. Unfortunately, we have moved too far with the online socialising and forgetting the fact that we should be meeting each other, be playful, have fun laughing, like the things we do, Share the things we do personally.

That could be PREMIUM socialising and guess what it would cost you Zero subscription charges and it will be ad free as well.

Anyways, the online social media’s are nothing but advertisement houses. They are just to tailor your needs and make you spend money on stuff which you talk about and think about.
1063  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: February 16, 2023, 05:25:20 PM
Roobet are sickheaded criminals and I will explain you why:

When you deposit and play anonymously and lose, no questions asked and everything is legit from their point of view.

When you want to withdraw, then their system demands by default documents of your identity or otherwise you are not able to withdraw!
So you're trying to say Roobet is scam because they ask your KYC when you want to withdraw your winnings? You need to know if Roobet is licensed and have mandatory KYC rule in their terms of service, which mean you're agree whenever the casino ask your KYC at anytime! if you not agree with the KYC rule, it's mean you need to avoid all of licensed casino! 95% casinos in this forum are licensed, so you only have few choices.

Asking KYC ≠ Scam.

Is this kind of group that is making stuff go crazy for the casino's? Every now and then these guys are posting about the casinos being scam just because they asked for the KYC. Man, if you are so much worried about the casino's asking your KYC why not just go to the physical casino and lay your coins there? You should be thankful that you are sitting at one corner of the world and be able to access the already billion betted casino just like that! Instead of being nuts about it, you should be reading the Terms of Services first and then entering or even think about signing up on them.

Online Gambling is one thing, but I am sure about Roobet as Casino has already given so much and asked nothing but legal fulfilments whenever a user is up to some limits or having some troubles. At the end its all about the money matters, so you have to have some legalities before having claims. No casino is having fun in collecting your data and having extra funds to manage its storage and security. Be grateful at least they are being honest and open about everything.
1064  Alternate cryptocurrencies / Altcoin Discussion / Re: Bad feeling like a bomb is gonna go off on: February 16, 2023, 04:09:43 PM
Gut feelings dont really work in the crypto OR anywhere where the money is involved. If you have seen a movie where person goes to casino and puts roulette number and wins millions of dollars then that's just scripted one. I am just using this as an example to understand what gut feeling is and how much rich it can make you in the films.  Grin

Now, coming back to the reality; things are way way stubborn here. Crypto can make you rich in a night or it can take years of investment and patience.

Whatever you are explaining about the stablecoins is just another normal day. They are "stable" coins and they need to be corrected in terms of valuation all the time. There is huge volume that is under buy and sell and at the same time there is unlimited supply of them. The counter forces are always nagging up and down to keep the stablecoin valued at $1. Plus dollar itself is getting little hardy these days. I think its really normal.
1065  Bitcoin / Bitcoin Discussion / Re: More Awareness needed, 100$ or Bitcoin??? on: February 16, 2023, 03:13:09 PM
I am not sure why this is really important because it only shows the data on very small group and mostly in different aura of energy. For example, it’s clearly seen that they are able to take hundred bucks immediately and can imagine spending it right away. It’s like kids are happy to receive those hundred bucks which are more relatable to them for “quick spending” rather than stressing their brain to understand what’s bitcoin and what’s it worth.

Perhaps this survey should be taken on large population with mixed groups. May be different age groups can average you better results.
1066  Economy / Economics / Re: How Does Debt Crisis Boost Cryptocurrencies? on: February 15, 2023, 05:19:51 PM
Stablecoins is getting bad example of crypto holdings because our exchangers are weak spot now to break into and have access to these coins. So long term holding of stable coins? I doubt that. In addition to that, SEC is almost everywhere when they see something centralised in the crypto sphere.

Though I’m not taking your thoughts negatively at all I am just making point about the stable coins. Personally they are rivals in the war.

On the other hand, yes bitcoin is making good progress when it comes to the borderless payments or paperless work. The market is growing slowly. There are some huddles like one country might be good at legal tenders of bitcoin while other country may not thus limiting the bitcoin to get their freely. However it is only when someone wants to cash out immediately. If they are happy with bitcoins then we are in happy world already.
1067  Bitcoin / Bitcoin Discussion / Re: People will choose bitcoins more if the number of cryptocurrency option is less. on: February 15, 2023, 05:05:52 PM
Nice analogy with what you were doing and also makes me think you are involved with crypto a lot. One can only think about or relate stuff when Back of the mind they are thinking about it and correlate it with the surrounding stuff.

Since we are in an independent market we can not stop peeps using blockchain and developing projects they want. I think if we had only bitcoin in circulation then effect would have been “bored”.  Like someone might have used it but over the time that buzz would have gone which we see today.

The market consist of btc - alt pair and there is huge volume that is traded between the two. I think it’s keeping the healthy economic circle in crypto. Bitcoin is still most liked one.
1068  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 14, 2023, 06:43:20 PM
It is far more challenging to get a bitcoin these days and that too free of cost. Man, there was time when peeps were just giving away bitcoin for fun. Now look at it, bitcoin has become so demanding that they can not just give it away. Even faucets would take your time, few ad clicks, few downloads and stuff like that to generate the revenue and then give you some 2-10 satoshi's. In addition, these sites are also not running for very long these days. They will make quick profits and just go away with the revenue without even paying their users.

That hard it has become over the period of time. Now to get the bitcoins you have to compare it with the payments / salaries that are paid for your skills. For the work that you were doing normally to earn fiat. That's why it cant just fee the families! Now it needs to be earned before one can enjoy it.
1069  Bitcoin / Bitcoin Discussion / Re: Withdrawing Bitcoin off the radar on: February 12, 2023, 05:41:10 PM
Recently I have opened up one good channel for myself and that is via my remote employer. However, it is highly unlikely that you will be able to do it because you will need that kinda employer first and second trust between you guys. Now whatever I have in crypto I always used to withdraw it from the exchanger here. Since the budget was finalised back in 2021, India started imposing 30% flat tax on the crypto transaction along with 1% TDS. So this automatically took me in the slot of 30% making my crypto earnings worst and nothing used to be in my hands. Over period of time I got very close to my boss overseas and now they are literally friendly an always take up my bitcoins whenever I send it to them. Once I do they will send me payment via WISE or other WIRE facilities thus it just goes to my normal income slot and I dont get charged crazy 30% slot. I hope everyone will find such companions soon. Its more or less P2P only but with trust and known guy.
1070  Economy / Trading Discussion / Re: Bitcoin or Altcoin hold, sell or trade?? on: February 12, 2023, 05:19:23 PM
Definitely hodl man. Look at the graph above posted by @hugeblack, it tells the whole story about hodl. Ask the importance of hodling to guys who are legends here since the inception of bitcoin on the blockchain. Ask those who missed the opportunity of becoming millionaire or billionaire when they gave up their bitcoins on pizza, or waitress tip, and what not. There are stories as much as close to the year 2017-2020, the period when bitcoin shown highest jump in the history since beginning. I guess we have enough proofs in the long run when bitcoin has out-performed itself and gone to some another level heights and most importantly they took the "HODLER" with them to those heights. They were the true ones and those who are still having amazing patience with them.
1071  Economy / Economics / Re: Is it true that 80% of the world's wealth in the hands of 20%? on: February 12, 2023, 05:01:06 PM
Interesting but no government or private individual can ever make the equality amongst us around the world. I’m not sure but I think there is nothing we can do about it since making money different phase for everybody. One individual could be way smarter than the other and that’s why some of them are richest one and create their universe out of scratch.

I think we should not be jealous about it. There is nothing like someone is restricting us from making more and more money. Let’s not include the family owned big businesses which are running since ages. There are still examples in the current era who has made so much wealth within their life span itself. This is not really question if someone being a huddle, it’s question of how one creates a wealth for themselves.
1072  Bitcoin / Bitcoin Discussion / Re: Arguments for Bitcoin against UPI? on: February 12, 2023, 04:42:47 PM
Nice discussion but there is catch in the story. So called Unified Payment Interface is currently only limited to India since it was tech invented by them and is still not available anywhere else.

However, it’s going to be available in few other countries outside India after 30th April. There might be some development in the coming days. However, for your theory to work properly you will need the UPI everywhere around the world.

Since bitcoin is already available everywhere it still overcomes the challenges of UPI and is already an upper hand for us. It won’t get disappeared just like that considering the millions of confirmation since genesis block.
1073  Alternate cryptocurrencies / Altcoin Discussion / Re: Good Cause to Use Stablecoins - Help Earthquake Victims in Türkiye on: February 11, 2023, 06:49:39 PM
Amazing use case of the crypto currency in the running era. This was really not possible in the earlier times since no one was able to access the global payment system. PayPal was there but it was limited to only western hemisphere and thus Asian was unaware of such donations or payment methods. Though PayPal is everywhere now it’s not that easy to transact with it from Asia side. I’m just giving example of PayPal but there are many more such services which aren’t that much helpful.

However, let’s take movement to appreciate what crypto is capable of doing today. It’s far more subtle than the traditional method and becoming real source of donations and valid / public one. No corruption at all. First it was seen major news in Ukraine donation and now this. It’s really going in the right direction.
1074  Economy / Economics / Re: Important tips to note when considering switching career path. on: February 11, 2023, 05:32:31 PM
Oh this is something interesting. Actually answer to this question changes as per the field of work too. Most of the IT Guys can survive without much of efforts. For instance there are my friends who are doing the same work since many years but they are doing the same thing over again and again and not even switching because their current employer is already fulfilling their expectation. So no fear for such guys.

In my case for example, it’s science based work in the laboratory. We can’t keep doing same thing over and over again because it’s research based job and experiments cant be repeated again for every batch. Plus it’s methods that keeps changing all the time so we have to have reading, adopting, learning new things.

So just switching isn’t enough in our case. I believe it’s all about the field of work too.
1075  Bitcoin / Bitcoin Discussion / Re: G20 exploring cryptocurrency regulation on: February 11, 2023, 05:05:38 PM
Quote
We are talking to all nations, that if it requires regulation, then one country alone cannot do anything," Sitharaman told reporters after meeting the central bank's directors in New Delhi.

"We are talking with all nations, if we can make some standard operating procedure which is followed by everyone to make a regulatory framework, and if it can be effective.

Well before the G20, the finance minister is already talking about regulatory framework so that they can have proper Standard Operating Procedure on usage of crypto currencies. I believe this is already putting bitcoin into threat zone because once the regulatory framework comes it will become hard for all those involved countries to adopt it freely. It’s already made very hard though, but with such Official meet ups and statement it would become more evident for peeps to be afraid of investing more into the crypto. But only if pees become that much weak about it.
1076  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin trans-generational assets? on: February 10, 2023, 06:37:16 PM
I would say bitcoin is not going to alter the course of fiat usage neither it is gonna alter the minds of peeps using it. Bitcoin is just alternative if you want to be your own bank, if you want unquestionable store value then bitcoin has got your back.

However, it would be unrealistic to say that bitcoin will be trans generational kinda currency. Basically it misses many pieces to the puzzle. From its limited circulation to the complete understanding for common man and much more.
1077  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay? on: February 09, 2023, 07:48:23 PM
Yeah why not, sure they pay you but the question remains whether the project will turn out to be legit one or just another scam story to tell to peeps around us. Many of them are trying hard these days. They will roll out the payments since it is always in their tokens so they dont have to lose anything besides investment that they did to build or program the whole thing. The bounties are worth it only if the project reach the exchangers, and also there is decent market volume to trade with it. Once this sort of buy/sell starts for a token then you can say it was worth it to try out that bounty. However, until then you can be flogging a dead horse! To overcome the scams, better go through the reputed platforms which gives you pre-analysis of the project and bounty. They are third party, risk is still there but you can always minimize it.
1078  Economy / Economics / Re: Dubai is good example to other countries on: February 09, 2023, 07:22:43 PM
That is not a country, that is landmass over well of oil, so you can imagine what kind of money they are having. It is so much money they are now building projects like The Line in the middle of dessert from Sea to the land. The project is going to cost billions of dollars eventually and yet they have taken it to the next level. I am pretty sure we can see why they are not having any tax payers and only the riches everywhere. The country is also wholeheartedly under the rule of family dictatorship thus making it one of the well managed and dreamy country. I am pretty sure same can not be followed in other countries where there are riots every other fortnights. Being rich is another story. You can have big pile of money and yet wont be happy about it and may want more, irrespective of the country where you live. Other countries are mixture of democracy, corrupt politicians, privatisation and much more which makes them not so good example of it.
1079  Economy / Gambling / Re: Freebitco.in - FUN Token Investment Experiment on: February 09, 2023, 07:08:05 PM
Quote
Total investment potential will be reached after 360 days holding.

Why did you set the goal in time and not in % of the profit? you could stop and withdraw when you double up your investment, unless you had locked the fun for 1 year.

If they are locked would be cruel to see a new ATH and won't be able to withdraw the money. An important part of an investment is accessibility to cash out at any moment that we want. But here while more time we lock then bigger is the profit. So, is like flipping a coin. Good luck with the experiment.

Come on man, the obvious reason behind locking up is the APY that he will be receiving. It's around 25% for the 1 year lock up period which mean they get best of both worlds. Lets say they are locked up for one year and suddenly in the mid year FUN hikes a lot but they are not able to withdraw it and somehow FUN got it's new value stabilised. Imagine the profits they will receive once they get the FUN back along with the 25% yield. Thats what staking is all about. See anyway you are going to hold FUN and keep trading for long terms. Then you have to have such risks and gain more along the way. Not just this, as you know for FUN holdings on freebitcoin you will get other feeebies via WOF. You are almost always in profit by that method.
1080  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin will lead the world currency market?? on: February 09, 2023, 06:46:10 PM
May be or may be not. There are pros and cons for the use of bitcoin. There are definitely infrastructure based limitations to the bitcoin while making world's currency. Though this topic is discussed many times, the conclusion has always been mixed up. A bitcoin maximalist will always be positive about their answer but a realism one would say its not 100% possible to make it world's currency. With the time we will have bitcoin's adoption but it does not mean it will be throughout the world. Though bitcoin has reach to every corner of the world through internet, it still lacks proper infra (laws, rules, scalability) sort of problems putting it one step behind all the time. Till today the adoption is only 3-4% of the entire population. It's not even 1/10th of 100% which means we are far from the acceptance reality dude.
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