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1661  Bitcoin / Bitcoin Discussion / Re: "It's Better to Sell Bitcoin Now and Rebuy Lower" Twitted by Peter Schiff on: June 15, 2022, 04:47:47 PM
Dude what the hell? Sell now, come on man what about the losses that we have at our disbursement when crypto fell more than 70% or for someone it’s more than that depending on at what price they bought it. I’m laughing at the statement of this guy, and true crypto neither will never ever do stupid stuff like this.

Crypto is like this only. It will always test your patience and these days it’s getting even worst. So I’m sure we just have to stick to the current plan: HOLD.
1662  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not dead but it was called as dead 450+ times. on: June 14, 2022, 04:56:26 PM
Happens all the time when bitcoin is bleeding. Don’t know why peeps get crazy even though they know the history of bitcoin. Nothing is going to change. Peeps will see this as an opportunity but unfortunately these are no one but the whales who understand this as actual “opportunity”. They will invest without hesitation. Just open any exchanger and go to the volumetric market depth, we can clearly see huge buy orders even at this price which means investors are planning their future and being greedy to get on to this train.
1663  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 12, 2022, 01:41:29 PM
TheQuin says "freebitco gets funtoken's price live from binance funusdt"

In reality :
Fun = $0.00850
BTC = $27400
Fun/btc = 0.00000031

In freebitco:
Fun = $0.00819
BTC = $27400
Fun/btc =0.00000030

This is the last time I'm reporting this, something has been changed in freebitco.

Don’t see much difference. There are even bigger differences exchanger to exchanger so I’m not surprised if the price is fluctuating on freebitco just by 1 satoshi. Moreover this give you liberty to buy directly from freebitco with 1 satoshi discount on every fun token. That’s fun.   Grin

Just let me know if there was any other issue with this previously, but this one does not seem to be very serious.
1664  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT's are a bigger scam than LUNA/UST on: June 12, 2022, 10:33:58 AM
Good to go for realism. That’s what they are doing and only few industries are there whose having real NFT. Such as gaming, coded data, digital signature and stuff. Something which is very small in size and can be captured with Blockchain and signed up. The whole artwork community is something like they want to earn money from then NFT and there is literally competition for whose art is getting sold at what price. Out of no where everyone is Picaso da Vinci, creating ideas, drawings, and all other skills. That’s funny.
1665  Economy / Economics / Re: Unusual Situation as Russia’s Ruble bounces back as world best per fiat currency on: June 12, 2022, 09:35:17 AM
I was a little amused by the title of the topic. But later, I found an explanation and the correct link from where the OP got this news.
https://news.bitcoin.com/american-economists-are-baffled-by-an-unusual-situation-as-russias-ruble-is-the-worlds-best-performing-fiat-currency/
But my opinion suggests that apparently, six packages of sanctions are too few for Russia; a seventh is needed, and if possible, several more, so that we can stop being surprised at the extreme survival of this country.

Sanctions coming from the US will surely affect Russia and is doing the same currently. However, how many of them really against Russia? There is still eastern hemisphere whose relying on the Russian resources such as crude oil, grains, vegetables and few other things. This means huge income still flowing into and outside Russia irrespective of sanctions imposed by westerners.

Ruble recently dumped, but it was getting stronger since a week. The money is still getting exchanged like old days and even though they are at war, they have money and they are more than surviving.
1666  Bitcoin / Bitcoin Discussion / Re: Pricing things in Bitcoin rather than in US dollar what this could mean for BTC? on: June 12, 2022, 08:40:50 AM
That would be difficult to apply in the current market but one can start small and who knows things could change many fold. For example, mega stores like Walmart, Aldi, Reliance fresh can start putting label in the format of bitcoin and dollar.

But there is big problem of price volatility so a fixed label would be little off track. I mean if you fix label of bitcoin and price fluctuates a lot then same mail eggs could cost different in morning and in the evening.

So they will have to implement bitcoin converter in their software itself. So that after scanning the QR code it should display the current bitcoin value and then may be it will work.
1667  Bitcoin / Bitcoin Discussion / Re: Bitcoin miners say NY ban will be ineffective and 'isolate' the state on: June 11, 2022, 03:43:10 PM
So NY is 4th largest producer of power and it is also highest rated miner with 10% words has power, so this means they have high electricity bill payment, bigger state taxes and huge income from the miners around NY and yet they are against bitcoin miner!! Let’s not discuss the shit like it’s producing huge carbon dioxide. Have you ever seen the cooling towers and their air compressors. Lolz, they are consuming more power and releasing more green house gases for sure. It’s not easy to Cool the whole tower isn’t it? What about the IT companies, 24x7 running servers and every shit in those glass towers, imagine the power consumption and effects on environment.
Still they want bitcoin miners to be moved. Seems only one reason: they are scared of decentralisation.
1668  Alternate cryptocurrencies / Altcoin Discussion / Re: What's up with Litecoin and Korea on: June 11, 2022, 03:01:01 PM
Guys what's the real reason behind the relish of Litecoin from Korean exchanges like Upbit and Bithumb? I am sure most have heard about this news already but cant figure out the real reason behind the delisting.

Due to privacy concern of the country that delist. This is a bit over reaction since crypto is known for its privacy feature.

I'm surprised that the price of Litecoin didn't affected that much by this delisting FUD by major exchange. I was hoping it will dip down below 50$ but holders seems still trust the project and approve the mimblewimble implementation.


That did not happen because the resistance for the volume drop is from other exchangers. There is big market for lite coin after BTC and ETH. Many payment processors on the online sites use or prefer lite coin for its lower fees and high speed of transaction. Nonetheless Korean user base is way less as compared to what it was resisted with. With ether prices dropping and gas fees at alarming rates lite coin use will always top the market.

Few comments suggest it’s being used for money laundering. Well, all the coins can be used for that purpose, I don’t think it changes anything with lite coin.
1669  Other / Archival / Re: The growth of annual inflation in US reached 8.6% on: June 11, 2022, 02:47:56 PM
Nothing surprising here considering the fact that whole world is suffered with after party of covid. The blame now is on war and there is bigger partition of US in supporting the same and in the process they are loosing import tenders from different countries. Most of the money left Share market as peeps are in need of money for even basic daily needs. The US situation in terms of jobs is also not very well and most of them are seeking low wager jobs for time being. Many things go undocumented. The inflation will keep rising if situation persisted like above further the time.
1670  Economy / Trading Discussion / Re: Is Forex trades is a part of Crypto Trade? on: June 11, 2022, 11:01:51 AM
Pretty simple.

forex: fiat currency <-> fiat currency
crypto: fiat currency <-> crypto, or crypto <-> crypto

Haha, yeah pretty simple these  days. However, all of them are show casing the trades from crypto to fiat, fiat to crypto and fiat to fiat. Nonetheless these options are open on every platform since it’s new trend now.

The changes popped in after SEC approved all the exchanges for the crypto trading and whole companies started implementing the crypto on their website so it’s not a big deal.
1671  Economy / Economics / Re: Richest people have a lot expenses to pay here is the solution on: June 11, 2022, 05:28:33 AM
Richest peeps will always outdo their wealth management in any conditions. For example, I have seen big corporates removing their employees when company is not doing very well in terms of financial matters. They will plan their future finance management with caution without hampering the profitability of the company.

This is condition when performance is at risk however similar workflow is activated when they are in the inflation, when worlds doomed! Obviously that's why they are on that position doing businesses and earning millions of dollars.

Richest will always have expenses controlled, planned, mapped!
1672  Bitcoin / Bitcoin Discussion / Re: Will Bulls Decide BTC is an Inflation Hedge & Charge? on: June 10, 2022, 05:00:44 PM
Whales, big bosses, richie's whatever you call them, they are they because of their on going strategies to build the empire. They don't care if the two countries are at war somewhere at the corner of earth. All they care is to maintain their wealth and how to expand it further. So on scale of 1 to 10, they gate 11 points as to be involved with the current opportunity takers. If anything is getting bought in the bearish market then its going into the whales wallet.

They know the importance of buying at bearish, they have the capabilities to do so because they have the ready funds to risk. They are taking risks, because they make money from their money. They don't look for congested timelines but bigger scale, two to three years of planning altogether. Definitely the bulls will take advantage. Inflation is for poors and middle classes, not the riches.
1673  Economy / Trading Discussion / Re: How to avoid crippling losses when trading? on: June 10, 2022, 04:47:46 PM
Looks like you are studying the trading techniques since long. However, to apply your formula one must need to invest minimum thousand bucks so that they can earn decent profits. With the positioning we are already loosing around $100 no matter the stop-loss clocking as mentioned in the OP. Since we have to recover this loss, we need bigger invested amount so that it can happen quicker. In silent market this could work perfectly however in the market like bitcoin (/crypto as whole) this could be dangerous to leverage. The volatility can make higher losses and we might loose the position quickly but with experience this can be recovered too. At the end it's all about practical approach rather than theoretical basis like yours. But very interesting, this is new learning for me.
1674  Economy / Economics / Re: The world economy is in recession on: June 10, 2022, 03:57:06 PM
Definitely recession is on the verge throughout world if not yet here. The worlds GDP is falling badly and currently stands at -3.0 which is in negation already. This is definitely not good news whether by book or by logic, we are not doing great as humans since few years. The probable cause is pandemic when worlds literally stopped for one year straight and foreign exchanges stopped everywhere.

Take a look at the below graph which gives clear negative bar for the GDP.

Quote
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
World gdp growth rate for 2020 was -3.60%, a 5.93% decline from 2019.
World gdp growth rate for 2019 was 2.33%, a 0.7% decline from 2018.
World gdp growth rate for 2018 was 3.03%, a 0.25% decline from 2017.
World gdp growth rate for 2017 was 3.28%, a 0.67% increase from 2016.
1675  Bitcoin / Bitcoin Discussion / Re: Bitcoin Lightning Network Reaches Its All-Time High. on: June 10, 2022, 01:31:27 PM
I’m not sure in what world these guys are living in? I don’t see any problems in transacting through current bitcoin network. The fees are literally tiny, the transaction speed is pretty good. Usually it gets transacted real fast, it takes around 10 minutes for any transaction that I do these  days. This is also true for the transaction which are done on the high timings. So definitely I see no point in switching to bitcoin lightening network. Can I understand why there are peeps who has high fees and higher timings for transfer? Is it associated with higher transaction block?
1676  Alternate cryptocurrencies / Altcoin Discussion / Re: Optimism got hit hard on: June 09, 2022, 03:52:42 PM
Getting hacked just after launch is pretty fishy or may be pretty bad for the image of project itself. It proves they are not taking care of the safety and security of the data at all. I stated it could be fishy in the first place because these days any project owner would look after safety protocols while coding and it’s most basic stuff these days. Moreover, as discussed by others it also got its penalty from the market where everything is in bearish. But I would consider that as secondary reason frist one looks like unserious project owner.
1677  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Human Rights on: June 09, 2022, 09:18:22 AM
That’s something good for the bitcoin ecosystem. God knows when Government will understand the real humanitarian value of bitcoin.  Tongue
They should understand that they can’t control it. Far stretched they can only impose few regulations now and then where it could be tax related, or perma ban. However, crypto still works under tunnel through p2p network. So loop holes will always be there.
It’s better they should act humanly and let us use it as and when required.

On bigger timeline there is not much impact on the centralised system so not sure why are they scared of?
1678  Economy / Economics / Re: Italy Is Held Back by 2.6 Million People Who Have Given Up on Work on: June 09, 2022, 08:50:12 AM
I’m wondering why such situation could arise in Italy? May be geographic location and less flourished businesses? In any case the population does not seem to be big enough where it’s impossible to manage the countries employment. I think government can easily attract new businesses and also let their people understand they can do start ups considering job situation in the country. Definitely for individual to start a business they will need some schemes from the Government which can easily boost their current situation and bring employment. Small country, lesser population is surely easy to manage I believe.
1679  Economy / Trading Discussion / Re: Which crypto will going to explore after this bearish market ends? on: June 08, 2022, 04:30:11 PM
Which cryptocurrency is the best to invest in right now and will explode following the bear market?

I’m going with bitcoin for sure, like blindly! That’s because bitcoin is the only candidate which will be invested heavily during this bearish trend and would keep flying in terms of its market volume. Altcoins will surely invested but in step by step manner and also with second thoughts.

Let’s understand that bitcoin is ran by big whales, they will never waste their time in the small coins the same way they don’t loose their money in small scale companies in real world. So why bother thinking about any other coin. 
1680  Economy / Economics / Re: Can Central Bank Digital Currencies Kill Cryptocurrencies ? on: June 08, 2022, 04:15:17 PM
Barely doubt this can happen. There is no way crypto currencies can get killed with central banks actions like this. Presumably not by single governments action!! Let’s say India launches this digital currency then also rest of the world will continue to flourish in the crypto currencies.

Moreover, in the era where different countries are launching legal tenders and trying to become worlds bitcoin hub I barely doubt actions of single government can interfere with existence of bitcoin. Maybe in India itself it could hamper but not throughout the world.
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