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2481  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When do you see the true bear market coming? on: September 23, 2021, 05:25:46 PM
Honestly speaking, current market is so much valued that it doesnt matter if the market is crashing or not. I mean the the effect is smaller if you are here since long time. If you have seen the alts and bitcoin from the base values of cents and if you are seeing or trading them with multi dollar values then you know for sure they are already carrying great value per unit and the bear market is just another dip and nothing much.

This you will understand correctly if you imagine the market from the start and see how it reacts today.

Mostly those are just corrections and small dips followed by the bitcoin. The market is in nice position. Still to answer your bit of question, I would say bear market comes when there is crash in fiat as well as some billionaires are dumping their coins. No real way to understand this coming.
2482  Economy / Economics / Re: [LIST] Countries that own bitcoin on: September 23, 2021, 12:02:39 PM
This is good initiative and I will try to contribute into this thread as soon as I get to know about the news when a country owns something.

So there is one thing I guess we can do here right now, you list out all the countries in that table for now. As we move forward in the time and get to know whose buying how much you can just rank them according to what they own and how much.

I see that seized bitcoin category is already out of the option since by definition the state/government does not own it. The owner is still the one who bought it in first place. Otherwise we will end up having all the countries in the above list because somewhere some country always capturing criminals who use bitcoin.
2483  Economy / Economics / Re: Money and wealth as the major religions in world. on: September 23, 2021, 04:07:16 AM
Money or wealth is the dream destination of many people in the world

Religion is the total believe of a group people on a particular being.
Most or everyone in the world today in which I am included believe in accumulating of wealth and making money.

More than Half of the life span of the human race is centred on making of money or wealth.

Making money legally or illegally, accumulating of wealth is the believe of most people in the world.

I stand to be corrected or cencitize


The problem with the today's economy is that it's getting costlier by the minute!

For normal human being to accomplish the basic needs like food, water and shelter they need to pay huge amount of cost to the seller, government and day today merchant.

With the time there is scarcity of raw material, increased automations, decreased jobs, increased valuation of real estate and much more!

To pay off even the basic needs peeps are striving these days and that is why every one is forced to earn the money and get involved into society.

I am not even counting any leisure stuff here, its just basic needs.

If we would have been here thousands of years ago, then I am sure all you had to do was wander the woods and get it yourself.
2484  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How to Earn While Holding Crypto Assets on: September 22, 2021, 05:50:45 PM
When talking about "staking" bitcoin through platforms like BlockFi: take note that you're handing over custody over your funds. If the platform gets in trouble security wise, then you're in for a rough ride[1].

When talking about yield farming and staking with DeFi: You have the risks of impermanent loss[1], and you also could potentially lose your money if the platform gets exploited.


[1] https://cryptosec.info/exchange-hacks
[2] https://medium.com/coinmonks/understanding-impermanent-loss-9ac6795e5baa

Thats really fearful then! I was studying the staking (with poor success) and was thinking to invest into it. I was roaming through platforms like BNB where they have given multiple options to book the slots and stake the crypto with different APY values. However, I never understood how they gonna give me that fixed % of interest if crypto is going up and down like crazy all the time. I think it's getting difficult these days to stake my money and I would think a lot after reading your security concern about the staking. These are obviously true consequences that can happen and we have also experienced the mega hacks in the past. In that case how they will understand whose money was lost and do they take the responsibility of lost funds? There seems no regulations or compensation rules about it. So yeah staking is also getting poor way of earning the money. Gone the days when it was safe or profitable I guess?
2485  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 22, 2021, 02:51:39 PM
@freebitcoin, literally big thanks for such great strategic investment plan. I am already using it since couple of months and my benefit Level is 61 now. I am already seeing good benefits like 4500 satoshi and RP’s coming my way many times. I have also hit good amount of jackpot tickets though haven’t won it but still good to see them rolling all the time.

One thing is sure, you get really really addicted to WOF and I always wish I had more when they are all gone. Lolz.

Since the price of FUN have dropped a lot I am actually thinking to add more. Hopefully will do it after this weeks salary.  Grin

GL to all holders.
2486  Economy / Economics / Re: Chinese construction Mega-Bankruptcy. Evergrande about to crash for 355B on: September 22, 2021, 12:58:21 PM
Thats insane amount of money! How could so big firm with accountants, managers, CA's, lawyers working for them 24x7x365 can let this happen? I mean I am really startled with the fact that such big companies could go bankrupt even though they have peeps working all around. How did they not see this one coming in the first place?

Moreover if that company is such huge empire then what about the employees working for them? They could end up loosing their jobs i see!

There is no wonder though after you know how Kingfisher went bankrupt in the past putting SBI bank at high risk. There more banks who still given the loans to that company and today all of them got defaulted by the Vijay Mallya.

Terrific to see how these billionaires can be so stupid.
2487  Bitcoin / Bitcoin Discussion / Re: Should we pay for banks and their risk taking? on: September 22, 2021, 11:47:56 AM
I agree on this and also had similar thread/discussion few months back. Obviously it is clear case study that banks are devils of financial system. They run the system with luring offers. You missed one thing here. They also offer us credit cards to which almost every single job person is addicted.

There is huge trap system for this too.

Whenever you join a corporate world , then your employer will have bank agent ready to make your bank account who will provide you with credit cards, DEMAT accounts and what not. Then slowly you will find out that your salary is not enough to survive and then you see CC as the life saver. Peeps give so much importance to CC that they actually end up spending more than what they are earning and on top of that they need to pay off more money to the banks.

It’s serious trap system which they have planned since years.
2488  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: September 22, 2021, 03:55:08 AM
I am pretty sure a casino where there are millions of dollars gambled every day and sometimes minute will be as careless and cheater one as those gamblers are stating!

I mean seriously guys? Why would you accuse casinos like Roobet or any other popular casino whose payroll is thousands times that of yours. Lolz. There is no reason for Roobet to take your pennies and dollars for no reason and ban the account.

They are the diva’s of Casino, they do it when they notice it’s not right. Period man!

I am pretty sure this is act of negative publicity by rivalries. Let’s just ignore and Dam I just missed a 100x roll on Roobet while explaining this stuff.  Wink
2489  Economy / Economics / Re: Our Dear Bitcoin and its price movement. on: September 21, 2021, 07:54:17 PM
The whole market is upside down right now. Whether it is stock or crypto !!
So yeah, time to pull up sleeves and start buying.
The whole forum is flooded with the similar threads on every section.  Tongue
I think most of the peeps do not want to miss this train.

There is gut feeling, market is going to pump very hard this time breaking all the previous ATH. This is start of new cycle because it’s year end and the final quarter.

Check the historical data by December everything gets pumped.
2490  Alternate cryptocurrencies / Altcoin Discussion / Re: Get married in the blockchain? on: September 21, 2021, 07:16:20 PM
Lolz, this is something unique and I am not sure what they were thinking in the first place.  Grin
Yeah two different emotions in single sentence because that kinda project it is. I am not sure who will be interested in this contract. This is not legal or may not have green status in real world as long as they have some strategy for this through their contracts over blockchain. Moreover, blockchain is made so that data can be validated forever. I am pretty sure few of them would want to divorce sooner or later.  Grin Grin How they will destroy the evidence if they wanna break up.  Tongue
2491  Economy / Trading Discussion / Re: How do you determine which cryptos to buy during this dip? on: September 21, 2021, 06:09:59 PM
For short term investment

Yeah same question came to my mind since yesterday crypto space is going down pretty amazingly. I think this is good news for the peeps who missed the train and wanted to grow the portfolio. I have already concluded few of the coins which I am going to consider this time. The primary one is ADA, MATIC, and BNB. All of these are almost 30-50% down than the original price. Crypto is solid for one thing, they always regain the ATH position no matter what. So yes add these coins first. After this I am thinking about my favourite low valued coin like RVN, FUN, WINK. I think these are enough for this period. I am also interested in someone’s review if they like above listed coins.  Smiley
2492  Economy / Economics / Re: Inflation and protecting you wealth on: September 21, 2021, 05:35:47 PM
Saving ourselves from the inflation and buying all of those assets is closely related and I don't think any of those can help us from inflation?
Are we forgetting that if any inflation happens with the fiat (ex. USD) then it will have direct and indirect effect on the bitcoin too! Even an art which someone owns will be useless because it's the currency which has got affected with the inflation and thus things which we will buy would be too costly. i am pretty sure we will not be focusing on buying the art in those periods?

Bitcoin? Well whats the point here! It would be useless to buy and store anything in it's form. All one can do is keep saving the fiat itself and wait for the inflation to fed away.
2493  Bitcoin / Bitcoin Discussion / Re: El Salvador bought more BTCs on: September 21, 2021, 04:43:28 AM
Ehh, the dip buying is a bit more of a PR move in my opinion. He "only" bought 150 BTC, which is more or less $6.8 million. Whereas while El Salvador is definitely not a powerhouse country levels of wealthy, I don't think that $6.8 million will make a significant dent on their balance sheet.

True. We are talking about the country here not an individual and his dreams. So that money could come out of thin air and who knows he might actually turn it into something big cash inflow for the country. He would be a hero for doing so and then more investors and country peeps will get involved with the act of crypto space.

I am sure that this is well thought process of investment. That could be another public heroic act just to prove that El Salvador is consistently moving towards the crypto hub. Also there is another side for this picture, it is just to pump their balances so that they can have more owned keys and btc's for circulation within the country.
2494  Bitcoin / Bitcoin Discussion / Re: Bitcoin or Gold: Superiority on: September 19, 2021, 01:07:13 PM
The debate will always be there because no two minds can ever meet or agree on the same page if they are from different streams. Honestly bitcoin and gold are two different entity and they should be kept or discussed as two different entity.

I have myself used example of Gold to compare the bitcoin's strength but now I see there is no point. Both of them literally different from manufacturing / minting point of view to their usage in the real life. If you ask an Indian whether they will choose the Gold or Bitcoin then they will averagely say yes to Gold only because Gold is symbol of devotion and emotion inhere.

So yeah bitcoin is king in it's crypto space and well Gold is gold.  Cheesy
2495  Economy / Trading Discussion / Re: Single pair trading or double pair? on: September 19, 2021, 07:42:35 AM
More the versatile portfolio lower is the risk of loosing all at once! In trading be cautious as to not put all in one place. Because at that time you will have only one door to exit from and you may not save your asset within the room because the whole room will be going down all at once.

It's logical that if you put your investment in more than two pairs (not just two), you create more options and virtual backups for your trade. Meaning, if one trade fails and if you loose money then you can at least try to "Break even" your trade from the rest portfolio making it way easier to make a come back.
2496  Economy / Trading Discussion / Re: Continuously Loosing money in Trading!!!! on: September 19, 2021, 06:48:21 AM
Hello everyone,

          I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing  my money continuously with the same strategy  i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.

Thank you.

May be you did not update yourself with the current methodology of trading and new theorems which are always upgraded as more data is captured and behavioural stuff is studied by the experts. Trading is simple how much knowledgable you are about the project, about the methods and new ways to trade the same. One thing for sure, if you know all the technical analysis theorem's then there is good amount of chance that you won't loose in the process. I am no hard trader, and never tried it myself. I always rely on few of my friends who has studied the trading methods in professional tuitions and I have seen sudden in change in them. They have started to talking the stuff which is not in English for me. Lolz! The words, the methods, theorem names, there is huge ocean of things that makes up good trade.

I am not sure what were you when you started and how much you have updated yourself with the new market trend.
2497  Economy / Economics / Re: Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis on: September 18, 2021, 11:22:23 AM
Pretty complicated news though! Last time I heard that Nigerian government is completely against the crypto currency use and they are banning all the accounts associated with it. I think it’s better to segregate the result as per North Africa and South Africa as the region is clearly differentiated with two different authorities. The overs result might be good for Africa but regional and local authorities are not in favour of crypto currency. As I started Nigeria which also constitute bigger populated country is having measure negative side impact on the use of bitcoin and are prohibited to invest in crypto. Not sure if these things have changed after my last update.
2498  Economy / Economics / Re: MassMutual Fined in GameStop Fallout on: September 18, 2021, 08:52:08 AM
Now they're calling it a manipulation but when they do it everyday to other companies to make money shorting their stocks, it's just a normal day, that's a pretty deplorable capitalist move right there if I've seen one.

There is saying, "the one who gets caught while sniffing, is the real thief". The same thing applies here, now that Gill is caught manipulating the market his the one wrongdoing. There are even great examples who are live ones like Elon Musk, whose manipulating the market all the time. But what to say the Senator himself is Elon's follower so he does not see it as market manipulation. That's the normal person and he cant be caught because does have billions in his left pocket and who knows how many powerful peeps in the right pocket!
Now unfortunately Gill does not have both of them (or whatever he has is not much). His one pocket is surely light weight.  Wink
2499  Bitcoin / Bitcoin Discussion / Re: Satoshi Statue in Hungary on: September 18, 2021, 04:49:30 AM
I just noticed is that they should use other components aside from bronze because that is not a good thing in a long time

Yes, over time it will turn green. No biggie.
I hope though that the reflective part will not be bronze. But the rest being bronze is fine... will simply make the new statue get to a similar look to many other known statues in Budapest.

That is good, because the more the greener it is the more history it tells to everyone! This statue is good initiative for the time being bitcoin is at it's best and will be good symbolic representation to the kids and new generations to come. This could be very small stuff for many but I know, a pictorial representation of anything can bring quicker and long lasting attention especially to the kids. This will spark the thought process of Satoshi, Bitcoin and crypto to the back of their minds and boom you have new satoshi's playing around.
Lets applaud the government, at least they are respecting the crypto space here. Inhere, we do need such small foot steps so that spark of the bitcoin could be kept alive forever.  Wink
2500  Bitcoin / Legal / Re: US to make Bitcoin use a felony unless report sender's social security number on: September 18, 2021, 04:39:36 AM
Funnily enough, these fossils in the government actually think they're helping the United States. If anything, they're pushing demand and innovation towards other countries. We really need people in the board who actually knows this stuff, rather than these guys that I wouldn't even be surprised if some of them couldn't operate a modern computer properly.

That is indeed true. I don't know how the tech giant and modernised country like USA is not accepting the bitcoin with full fledge and what can I say wholeheartedly? They should be the one putting an example of modern country around the world but they are just going in the old deep shit and making the world laugh at them. Government of US can make miracles if they invent proper use of blockchain and bitcoin. They are the richest of all yet do not want their peeps to use the bitcoin and bring more money into the country.

Considering that biggest employers of tech giants are in the USA, they should start the informal payment system via bitcoin wallets and let peep use it so that they can bring more investors to the crypto space and develop their country to higher dimensions. But all they wanna do is keep it away from the rich of "americans".
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