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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Elon Musk manipulating the market? on: June 15, 2021, 11:41:13 PM
I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

Then what is the solution so that everyone is not affected by the tweets on Elon Musk's twitter account?
because most of Elon Musk's followers today still really believe in the words of Elon Musk.

I think the best way to approach this matter, is if you can't beat them, join them type thing. We can't stop Elon from tweeting what he wants, so why not take advantage of the market whenever he tweets something about crypto? Though he can't manipulate the market because no one can, but he has somewhat big influence in the market and influence how people think about it. And if you are a long time crypto user, I guess by now, how to react on this kind of hype.
that's what i am thinking about, as a long time crypto user i could say that just keep an eye on his tweets also, that can be the cause of biggest profit for most of the people. We should adjust ourselves to the situations and prepare for every up and down.
Also I think that crypto up and down related to his tweets will be for a little time as people will insult their minds from his tweet with time.
2  Economy / Trading Discussion / Re: How do you know when to sell? on: June 15, 2021, 11:29:54 PM
I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell? I feel as though every-time I am in a coin that starts to make some good gain I leave it to long to sell..Anyone else do that. I heard it is because of greed, we star imagining all things we can do with our new profits, but the longer we leave it the more chance of not making good profits. Does anyone have a good strategy for knowing when to sell?
If it is really pumped, maybe i will sell in 10-30% and get my capital back. And save the rest i mean about rest of my profit in that altcoin, maybe still pumped i can get more profit with it. If not, and i sell it when price back, maybe it is only reduce my profit and at least my capital already safe.

i think that is a good method for getting back your money and staying in safe zone, but talking about most of the people become the victims of greed and they keep on holding and holding so unfortunately majority can't get their expected money.
by the way my method for trading is that, if i get my expected profit then i withdraw my money and do not care about more pump.
3  Economy / Gambling discussion / Re: BTC price VS gambling on: June 15, 2021, 11:22:55 PM
I think it depends on each person, if they are really addicted to gambling, whatever the bitcoin price is... they must have prepared themselves beforehand. But it's good for us to be smarter in responding to this, gambling is like entertainment and we really have to know when it's time to gamble.
We can gamble every day if we like to entertain every day, I'm sure there are people who are doing that and they have no problem with gambling. It's not really that risky if you have already learned to be responsible and you have matured as a gambler. What I'm talking about is always gamble according to your capacity, gambling with a limit is very important, it's a limitation of funds and time, but as I said, you can do that on a daily basis.

yes talking about every field, limitation is very important in life regarding every aspect, coming to the gambling i think it is such a thing that people always face difficulty in keeping themselves in limit and that ultimately lead to the misery. Another point is gambling with bitcoin i think not that much good as we all know that price is rising so we should focus on buying and holding according to our status.
4  Economy / Speculation / Re: I cannot stop buying on: June 15, 2021, 11:16:14 PM
What's wrong here? As long as you are investing money that you can afford to lose, the there is nothing wrong with buying. Keep buying! You won't regret on the long run. Just don't sell when the market is crashing. You will be making some decent profit after few years. But if you are risking your money (by risking, i mean you are investing money that you can't afford to lose), then just stop and hold whatever you have invested. Don't invest anymore. Forget about your coins and come back after a decade or so.

yes i always refer and suggest this type of investment that is to invest those money which is spare because it will be a big injustice if someone invest the money that is for their daily life because nobody knows about the luck and the bad and good timings although exceptional people are there but one should not risk that much to invest whole of their money including the money for their basic needs.
5  Economy / Economics / Re: Are you making money online? on: June 15, 2021, 11:01:03 PM
Yes , Alhamdulellah I am In the online Field since 2 to 3 years and now I Am Very Stable And Earning good money here my top earning resource in online is crypto, i am in the crypto from previous 1 year but i eran so much in this 1 year as i also can't believe that how is this possible, but yes its possible in just crypto Industry and its due to hard effort

yes it's absolutely right that earning in crypto is the game of dedication and hardwork, those who give full time to crypto always earns alot, as from my experience I have observed that many people who considered crypto as their full time job always become a millionare. talking about myself as i am a student so i am trying my best to give it a good time.
6  Economy / Trading Discussion / Re: Is trading an occupation? on: April 04, 2021, 11:33:09 AM
I know of so many who dropped their jobs to take up trading as a life time carrier despite the volatility of the market. A whole lot made hudge fortune from the market. So many made what the have never achieved throughout their life time in office jobs in few trades. Some other set abandoned their jobs and took up a carrier in trading mentorship. This has brought hudge fortune to traders who understand their market analysis at large.

Would trading be called an occupation if this be the case. I ask because I see a whole lot of persons who see trading as gambling and even discourage prospective traders not to venture into such. Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.

Most religious bodies still kick against trading with the view that it is a form of gambling that has 60% certainty if traded with caution. But if the certainty is above average then why do we still regard it as gambling?

From: https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work

We could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.
well i would say that if you prefer trading over all other jobs in your life then obviously you will achieve much more as compare to doing office job, trading in my point of view is one of the finest jobs until and unless you are expert in it.
the other thing i should clear to you is that trading and gambling are the two different things as trading is to investment and gambling is to playing, and as far as i know trading is not prohibited in any religion.
7  Economy / Speculation / Re: I have a relatives who ask advise to invest, what should I do? on: April 02, 2021, 04:43:51 PM
I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.

I know he is into FOMO because he seems so aggressive and like to get instant return.
He told me that since I'm a veteran, he would like to ask some advise on what coins will pump in the coming days so he can invest on it.

I knew he is so positive, and I can feel him since I also got FOMO'd before.

What do you think should I do guys? how can I help him?

Don't be responsible for your relative's portfolio, you'll get the blame if the coins you've chosen have not performed well in the market, instead teach him how to think like an investor in Cryptocurrency and let him come out with his own list, or if he really insists only refer to the top 5 coins in the market, these are all the coins worthy to invest.

yes i have seen a lot of people who blame others after losing their money in investment, you have given a good suggestion because after learning themselves they will come to know the condition of market price otherwise nobody knows about good and bad luck and it will lead to many problems.
8  Economy / Economics / Re: Rich have too much on: April 02, 2021, 04:36:10 PM
most rich actually dont have too much money but what they have the most is debts and the real rich are often poor because they are free from debts . you demand a law that is crazy , what if they hold that money for emergency use in the future . even if you hate it , its still inapropriate to force someone to donate but they can just donate if they are willing  and poors shouldnt sit and depend to others but they must work hard to get out of that poverty .


yes it is right that poor people should not depend on others to get their basic necessity, their first priority should to earn money by themselves and do hard work. But there comes some condition, if the poor is unable to earn money because of some handicap or other reasons then it is the duty of rich people to help them financially.
And I think it is not a bad idea like giving specific % in money to the poor people (it is ok if the % is very very less), as we all know that ratio of poor people is much bigger that the rich one.
9  Economy / Speculation / Re: Are you guys happy if bitcoin will dropped to $10k? Why? on: March 27, 2021, 08:53:32 PM
I don't mind dropping the bitcoin price to 10k$, but temporarily, the decline in the bitcoin price will help people buy and store larger quantities of bitcoin, this will certainly help Bitcoin spread more around the world because the current price is high and many people cannot buy bitcoin.
In my opinion, the spread of Bitcoin around the world is much more important than the increase in its price to 10k$ or a million dollars.


I think the low price of bitcoin will not increase its value and publicity, as far as I know a lot of people came to know about bitcoin whenever the price reached to its peak, so whenever a thing get expensive its value increases and more people know about it.
10  Economy / Economics / Re: The pandemic did push the world towards a more digital age. on: March 27, 2021, 08:42:54 PM
To be sure, covid 19 is an important part of helping bitcoin and cryptocurrency get more attention.  hardly anyone deny that.  Inflation, unemployment, sentiment and stimulus packages to change the demand for low interest loans are the main factors driving inflation happening globally.  All combine and converge for bitcoin and cryptocurrency to create countless amazing new ATHs in history.


yes you are right if we think in a positive way we can realize that this pandemic has helped a lot of people to be involved in digital world, like a lot of people in past were unaware of digital markets and shops etc. Also they even did not know that a digit currency bitcoin exists.
11  Economy / Gambling discussion / Re: Fate or lack of control - Gambling on: March 17, 2021, 11:58:23 AM
Whenever we lose we always blame luck on it. I would say it is more on lack of self-control when we tend to spend more time gambling we always aim to win and we are eager to win more. Just observe, the longer you play the more you become greedy, we always start at the lowest bet we can to warm-up as time goes by our bet increases, we lose, then we chase for our losses. By the end of the day all your money is gone, it is not because of lack, it is because of poor bank-roll management and greed.

yeah it's a fact that we always put our losses in the category of bad luck, it's because nobody thinks that every loss has a cause and a reason and I think if everybody start thinking about their blunders, they would definitely be experts. As I observed many gamblers they have no self control and no limit that's why they always lose a big amount of money.
12  Economy / Gambling discussion / Re: Gambling as a profession: there's people who live out of gambling? on: January 12, 2021, 09:32:20 PM
Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.
Yeah, I think those people are the ones who play with the best odds. They are likely not relying on luck perhaps using a trick on it because there's no way you can win in gambling consecutively with just luck perhaps they're using math on it. Actually, I have read a bizarre post regarding this one, I think it was it was MIT students who used math to increase their probability of winning. Regarding to the question of OP, yeah technically there is but I'm just not quite sure of it though.

There are people who managed to live using this industry.

People who attained knowledge and right skills to have a much higher chance of winning against the house, though it's not always
but they are capable of controlling their emotions and have  agood bankroll managements, they are trained enough to avoid busting
their money and keep ontrack finding ways to keep gaining decent.

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.
13  Economy / Services / Re: LuckyBit Signature Campaign on: June 03, 2020, 04:17:21 PM
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14  Economy / Economics / Re: Cryptocurrency can not replace fiat currency. on: May 25, 2020, 06:17:27 AM
Of course he cannot replace. Each currency has its own advantages.

Fiat is going to be their because many countries are developed and are in the superpower because of their fiat which is used worldwide. Crypto is beneficial for the countries where their own currency is not doing well those can adopt this currency. But yes, more and more countries prefer the crypto you would have better demand in coming time.



of-course crypto is much more beneficial as compare to fiat and those people who would realize it, will know the importance of crypto. however Fiat is for those people who do not know about crypto but i think the technology is growing in such a speed that the people in rural areas will also come to know it in no time.
the thing is that different people have their own preferences, but i think in future the crypto will be more dominant as compare to fiat.
15  Economy / Economics / Re: Is it possible to live without banks? on: May 25, 2020, 06:04:25 AM
Banks play a large role for the normal functioning of the state, therefore, states will never abandon the banking system. People can live without banks, but no government. Therefore, banks will continue to exist in our society.


Yes as long as the banking system exist, it will always involve in our livings either in minor cases or major, it will always play a role in our society. but the only case is that if the government adopt crypto then there is certainty that society will no longer be involve in banking system. so conclusion is that if the government allowed that crypto then it is possible to live without banks.
16  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: May 07, 2020, 08:52:22 PM
any amount that you can afford to lose,because this market is not bringing you assured profit so best to aware of that.
We can start at any time and no one know if in this trading you will get profit or lose so its much better to invest your small amount as with time when you will be trained and experienced you will be able to invest large amount but yet better take small risk 100 dollar is good amount in case of any unfortunate you will not be sad about the lose.
17  Economy / Trading Discussion / Re: Bitcoin was $3,871 on this day - 1 year ago on: March 19, 2020, 08:08:24 PM
And we are back again, the market has struggle and we might see a price lower than the price one year ago per OP's post.
Hopefully those investors who panic right now will see this and realize that bitcoin drop to this low before we pump high last 2019 at $13k IIRC.

Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.

So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.
I expect the price of Bitcoin to drop even further and probably return to $3,000 if the situation is not good. I have been observing this market for the past 1 year and everything is contrary to my thinking so it will be difficult to know exactly what the price of Bitcoin will be in the future.

What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.
This all is just because people have low determinations about their investment my thinking is if people have low price in market its needs to keep waiting not to sell it. Crypto currency is so volatile we will see rise and fall it does not mean we should forget about all high amount we won in last few years and start criticizing bitcoin, better hold on Soon everything will be normal.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Investment Advice for year 2020 on: February 10, 2020, 07:27:32 PM
On the off chance that you intend to put money/Funds into Alts, kindly do your own examination and know that deceitful advertising sensationalizes pretty much every altcoin projects. Altcoins, and the organizations behind the projects are additionally helpless against guideline, Bitcoin isn't.

Bitcoin is the far superior investment for 2020. Not exclusively is it seen as a place of refuge resource, but at the same time it's the first digital money and consistently leads blockchain advancement through it's BIP procedure

If you must hold altcoin because they always bring better profits do not go too deep and make sure your altcoins are top altcoins
At this point in time, do not experiment, just go for the top coins in the market, and those promising one in their ICO this is the time where all these coins will be pumped, not only Bitcoin is going to get a pump but all the coins that got investors attention.
Yeah now a day there are so many altcoins thats growing day by day and its getting investors attention. I think among all these coins we can say bitcoin is the one which has more attractions for investors so the thing is we should invest only in bitcoin this year and I hope till end of 2020 we will have alot of new and profitable investors so better invest only in bitcoin.
19  Economy / Trading Discussion / Re: Trading for Beginners? on: February 04, 2020, 07:28:51 PM
~snip~

There are many things you should keep in mind, my personal advice is as follows:

1.- You must establish if you want to be a market speculator or Investor.

2.- If you want to be a market speculator, you must be clear that you must follow the line of least resistance in the market, no matter if the market rises or falls, you must follow the direction of the market and hunt the movements.

3.- Do not let yourself be guided by any technical analysis, there are many who just want to monetize with advice that they do not follow, I recommend you read books by speculators like Wyckoff, Livermore, so that you learn to understand the market, even when you have arguments you will be able to separate the good from the bad of information.

4.- If you want to be an investor, the most advisable thing is to sell all Altcoin, put it in Bitcoin and leave it there until a new bullish trend process is recommended.
All those are really good ideas for trading mate we should get into trading for fast and safe profit but it all about us how to keep safe from lose abs from scamming so just be very careful in trading specially when you are starting your new journey in trading. Better focus on making research and don’t stop learning as knowledge is the basic need of trading.
20  Economy / Economics / Re: Say Goodbye to Banking as We Know It on: January 29, 2020, 05:00:18 PM
Quote
China is poised to launch the first national digital currency. There will be no counting the disruption.  

So is China readying its own Bitcoin? Banish the thought.

It’s far bigger than that. Yes, just like any other cryptocurrency — or for that matter, cigarettes in prisoners-of-war camps — the upcoming digital yuan will be “tokenized” money. But the similarity ends there. The crypto yuan, which may be on offer as soon as 2020, will be fully backed by the central bank of the world’s second-largest economy, drawing its value from the Chinese state’s ability to impose taxes in perpetuity. Other national authorities are bound to embrace this powerful idea.    

Little is known about the digital yuan except that it’s been in the works for five years and Beijing is nearly ready to roll. The consensus is that the token will be a private blockchain, a peer-to-peer network for sharing information and validating transactions, with the People’s Bank of China in control of who gets to participate. To begin with, the currency will be supplied via the banking system and replace some part of physical cash. That won’t be hard, given the ubiquitous presence of Chinese QR code-based digital wallets such as Alipay and WeChat Pay.

It may start small, but the digital yuan can disrupt both traditional banking and the post-Bretton Woods system of floating exchange rates that the world has lived with since 1973. No wonder that for China, “blockchain and the yuan digital currency are a national strategic priority — almost at the level of the internet,” says Sanford C. Bernstein & Co. fintech analyst Gautam Chhugani.  

Ever since the advent of the 17th-century goldsmith-banker in London, the most crucial thing in banking has been the ledger, a repository of irrefutable records to establish trust in situations where it doesn’t exist. When Peter in Vancouver agrees to send money to Paul in Singapore, they’re forced to use a chain of interlinked intermediaries because there’s no ledger in the world with both of them on it. Blockchain’s distributed ledgers make trust irrelevant. Paul devises a secret code, and shares its encrypted version with Peter, who uses it to create a digital contract to pay Paul. A cumbersome and expensive network of correspondent banks becomes redundant, especially when it comes to the $124 trillion businesses move across borders annually. Imagine the productivity boost; picture the threat to lenders.

China isn’t the only one experimenting. Fast, cheap cross-border payment settlement is one application of JPMorgan Chase & Co.’s Quorum, an Ethereum-based platform on which the Monetary Authority of Singapore is running Project Ubin, an exploration into central bank digital money. These are early days, but if blockchain technology shows promise in handling a large number of transactions simultaneously, then digital currencies could become substitutes not just for physical cash but also for bank reserves.

That’s when the game changes. Reserves at a central bank are maintained by deposit-taking lenders. A digital yuan — or Singapore dollar or Indian rupee — could bypass this system and allow any holder of the currency to have a deposit at the central bank, potentially making the state the monopoly supplier of money to retail customers. As Agustin Carstens, the general manager at the Bank for International Settlement, noted recently, “If the central bank becomes everybody’s deposit-taker, it may find itself becoming everybody’s lender too.”

But why would central banks want to demote their own banking systems? One answer, looking at Europe and Japan, is that negative interest rates are doing that anyway. Lenders are starved of profit because while the central bank charges them for keeping money on deposit, they can’t as easily pass on those negative interest rates to their own depositors. If the global economy gets mired in long-term stagnation, official digital currencies will at least be an efficient way of monetary easing without involving banks.

The other, more concrete, reason may be that technological progress is making the status quo untenable. It’s no coincidence that China hastened its national cryptocurrency after Facebook Inc. announced the Libra project, which was touted as an alternative dollar. Perhaps that was fanciful, and the Libra has hit a wall of regulatory concerns. But if they’re offered like Spotify gift cards at the local 7-Eleven, there will be demand for tokens that are acceptable across borders, stable in value against baskets of national currencies, and can be used in global trade and investing. Someone in Silicon Valley will eventually succeed, blowing away the fig leaf of monetary sovereignty in emerging markets in the process.

The changes won’t end with banking and monetary arrangements. Token transactions will be pseudonymous: If the central bank wants to see who’s spending where, it can. Anonymity disappears when cash does. While that will make life difficult for money launderers and terrorists, it could also become a tool to punish political activism. Meanwhile, currency as a foreign policy weapon loses some sting. Pariah states will covet a crypto they can access by circumventing banks that are terrified of flouting Western sanctions. As Harvard University economist Kenneth Rogoff notes, technology “is on the verge of disrupting America’s ability to leverage faith in its currency to pursue its broader national interests.”

A roller-coaster decade — not just for for banking and money but also for privacy and politics — may just be beginning.

https://www.bloomberg.com/opinion/articles/2019-12-29/china-has-edge-over-silicon-valley-to-end-banking-as-we-know-it


....


According to this, china sped up development of its national digital crypto currency after facebook announced its libra plans and could release it in 2020.

One of the things that made america great was it being a previous hotbed of innovations and futuristic progress.

Today lawmakers appear determined to ensure america does everything within its power to oppose and obstruct innovations like bitcoin/blockchain/crypto.

While china and europe does the opposite. And so perhaps this represents a small microcosm of the paradigm shift taking place.


I already stopped using the banking systems only due to the blockchain tech.
I loved being with bitcoins and hence I have minimized my local transactions with the banking sectors.
This makes me feel confortable with my money and also no one has track on my money anymore.
You did a great job buddy, it will surely improve the crypto economies in our countries we should use block chain because it is safer to use than keeping your money into banks. Till now I did not get any satisfying profit for storing my money in banks. Investing in crypto and storing in blockchain are then best steps we take about our money it gives profit for storing and ease for using at time of need.
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