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2861  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your criteria for selecting projects? on: October 18, 2022, 02:47:26 PM
Utility and Popularity are my two main basis when choosing a project to invest. But for sure there are other factors such as the concept itself, team behind that project, and such. This is crucial especially to newly introduced projects; some would be popular at first but in the long run, there's a tendency for its demand to fall if some factors would be missing or negatively affected.

On choosing a project it could either be subjective or not. An investor may depend to other investors on which is which, and he/she may also create his/her own judgement. Ofcourse it won't always be a winning investment, there'll be loss sometimes or often, and this is where luck may take place.
2862  Bitcoin / Bitcoin Discussion / Re: What problem does Bitcoin solve? on: October 18, 2022, 02:02:29 PM
There are so much problem the bitcoin has solved and keeps solving. The government spend huge amount of money printing paper money and same government will have to mop up cash when they start decaying and not too fit for public health, they burn it up thereby incurring huge financial losses. Bitcoin doesn't transmit diseases unlike the fiat that was a means of transferring Covid-19 and other dangerous disease, with bitcoin, traditional banks need not fleece me of transaction fees within and across borders regardless of the amount am transacting. 
These are issues present for decades. Keep in mind that online payments are still having problems at the present because of connectivity issues. Also, not all people are 'tech savvy', perhaps how about older people? teaching this technology would still be a problem right now. Bitcoin and other cryptos, indeed, has many advantages but allow things to continue developing. It should be supported by now to counteies around the globe if there would be no potential problems. This technology has a high tendency to be on 'that' phase so for now, be patient.
2863  Other / Archival / Re: Q4 2022. What to expect from bitcoin? on: October 17, 2022, 03:06:29 PM
Probably it will be the time for bitcoin to bulish again, wherein at least on the current all time high because obviously bitcoin really making correction below and after the good progress last quarter it didn't came back again. So i believe the cycle still the same and before this year end for sure bitcoin will glow again in the market and will skyrocketed like what always happen after the massive decline. This is all a temporary situation for bitcoin.
It could be but maybe bitcoin still needs more time to start bullish again. The price of bitcoin is still around $19k-$20k so maybe we have to be patient again because it is not easy to move the price to start rising again. Besides that, the current price is not a guarantee of the lowest bitcoin price because the current price may drop again to a lower price than now.

But in the end, the price of bitcoin will definitely increase and we may not realize it later and we only know that it turns out that the price of bitcoin is already at its highest price. But we still hope that in Q4, this bitcoin price can start to increase, even if a little. If the price of bitcoin can return to $25k-$30k, maybe that is a sign for bitcoin to experience another bullish phase.

We never saw Bitcoin being the only token in a bullish movement, definitely other tokens should also be in an upward motion. At the present we are seeing the opposite wherein majority of cryptos are struggling to break margins and barriers. Now that we are already in the fourth quarter of the year, I guess it would be more realistic to view this year end as something not as most of us hoped and expected. Hopefully, early next year would be a better year for this industry. Many factors affected our assumption for this year such as economic crisis and conflict between countries, and this simply shows there are many things that could affect price predictions.
2864  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency should be infused to academic systems on: October 17, 2022, 01:51:59 PM
We all know things about this technology and industry in general but is it really an enough reason to 'make it a course' or 'subject'? 'coz I would agree more if it will be discussed on invetment and economy related subjects as a sub-topic but nothing much. This technology is still undergoing growth procedures and developments, so I guess things would be 'wasted' a bit when its 'final phase' has been reached, right? And even if it has reached its peak, I still don't understant its relevance to academe or as a profession. Indeed, it is profitable and it has many advantages over FIAT but the mere fact inconsistency occurs and is present in this technology, we would be exposing people to risks.

Yes it could be learned, that's why it is being pushed to the academic systems but if you're aware of 'Monte Carlo Fallacy', 'innate frustrations of an individual', 'drive for revenge' and such, for sure many people would get this point.
2865  Alternate cryptocurrencies / Altcoin Discussion / Re: Fail from the Optimism development team on: October 16, 2022, 03:04:58 PM
Good thing if the team managed to cope with the mistake. It simply shows how professional they are with their project. But I hope this won't mess their project in general 'coz for sure there will be impressions especially to those who are really meticulous with their prospects.

But I'm a bit curious of how will OP team be able to control the inflation rate and using it as an advantage, annually. I mean, adding token supply could put the value at risk right? (correct me if I'm wrong). I do get the point that low inflation rate could stimulate a balance and healthy economy for a token but I guess it would be better if they will be focusing more on the aspect of attracting investors to theur project first.
2866  Economy / Speculation / Re: Why speculate when you can be at peace with Bitcoin on: October 16, 2022, 02:27:32 PM
Speculation is a part of the process interms of investment. The idea of assuming that its market value would increase in the future is already speculating. Maybe OP means not speculating that much or not putting that much of attention checking its market value.

That's just okay as long as it's your vison as an investor but we cannot put a margin to those who are using a different method; short term investment. We do all have different perspectives but for sure we are all having one goal; to gain profit from doing so.
2867  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Prophecy on: October 15, 2022, 11:51:45 PM
Definitely not prophecy, but belief.

Actually, based on my understanding, to some believers they do think that investment is like gambling. I came across with a colleague way back 4 years ago when Bitcoin and other cryptos were also at its peak of popularity, before its downfall. I have opened up to him what am I doing to earn extra money and he's against with the idea. But fortunately, he's not someone who would look down on you simply because you have an opposite perspective.

In my case I am also a believer but I do separate religion/belief to other things especially if it will just form conflicts. As long as it is legal, I guess it would be fine.
2868  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't invest Heavily ALT now on: October 15, 2022, 02:44:36 PM
Sorry to break this to you, 80% of my money is going for altcoins because I want more returns, the problem is finding those gems that can give you 20x to 100x in a bull market, find them and you will make money, as for BTC I only expect 5x from the project in next bull market.
Good for you then but as far as I observe, OP has a point. AThere are many altcoins in this industry and choosing the 'right' ones is not that easy;luck would also be a factor. If you are making profit from investing most of your capital to altcoins, then that's good, but at this moment, big names I guess would be able to come out alive of this bear market. Most of the altcoins have low market volume which makes it best for short term investments. For long runs, established demand,and volume will be the key player to generate profit at the end of the day and this 'movement' for sure.
2869  Bitcoin / Bitcoin Discussion / Re: Is it good that the Bitcoin community acts like a cult? (Podcast) on: October 13, 2022, 02:37:48 PM
I don't see Bitcoin as a cult, it's just it is the first and prime mover, so obviously, it become successful because of a lot of followers. Satoshi can't be called a leader, he just disappeared right? And a cult is only for small group of individuals that worship a leader, but we are big already, and I will assumed that those who have bitcoin or at least who encountered and knows about it could be in the millions already.
Maybe he's pointing out with market movement wherein 'unity' is evident with the investors which is simply normal. Everyone wants profit from their investment which makes the tendency high for investors to move as one based on the market behavior. Perhaps there is a price increase, most of the investors will avoid selling early not because they planned it, but simply because they are all eyeing to a bigger profit. Also, in something which is controlled by demand, the best way to survive or to benefit from it is to move or go with the flow of the majority because quantity is the bottomline. Try moving on the opposite, I doubt if it would give you a better outcome.
2870  Economy / Speculation / Re: BTC price consolidation at $20k for 4 months on: October 13, 2022, 02:05:52 PM
Yes this seems like a repeat of nov 2018. Basically extremely tight range. Most days it stays well within $1000 range from top to bottom. Very low volume.

The OI is actually going up. So it’s going to explode. However which way is the question. Best to play this with some options since it’s anyone’s guess where it will go.
In my persoective, the current situation simply shows how unpredictable this industry is. If we would base from the calendar and the past, there should already be an uprise pressure with market price of cryptos because of the season, but what happened is the other way around. Cryptos are prone from factors such as what we are experiencing right now wherein economic crisis is a problem to many countries around the globe which reflects as well in this industry. Whether it will go up before this year end or not, it would be surely hard to tell. The best thing we can do is to patiently wait and cope with market behavior.
2871  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins safe? on: October 12, 2022, 02:28:22 PM
Depends on how you would define 'safe'. If you mean "safe from losses", technically it is not  simply because currencies especially cryptos' market value are naturally volatile. Stable coins are not really 'stable', it is just that their market prices does not move that much from a price point unlike with other cryptos which often break barriers depending on market behavior. But indeed it would be less risky to invest your money with, in comparison with others.

If it is 'safe' from hacking, fraud, and the likes, that would depend on the network that particular currency is using as well as its security in general. Safer to invest, yes. Less risk of losing huge amount of money, also yes. But keep in mind that the bigger the risk, the bigger the profit, so quite balance things out depending on your aim as an investment. You should not expect that much of profit if you will be choosing stable coins as investment.
2872  Bitcoin / Bitcoin Discussion / Re: Google partners with Coinbase to accept crypto payments for cloud service on: October 12, 2022, 01:39:05 PM
It is somehow the same with other online bankings or wallets who claimed to adapt this technology but in reality it is just a three-way transaction and I cannot say that this is a direct adaptation. However, small things are better than nothing so I could say we can still count this one as one of the progress towards this industry's growth as a cryptocurrency. I hope that day wherein there will be actual online payments which would accept cryptocurrencies as mode of payment; those which are on the mainstream for such action to manifest in the eyes of non-crypto users.
2873  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Token Swap? on: October 11, 2022, 09:57:26 PM
Simply because they are using "compensation" by means of swapping chains and tokens, for "improvement" of the projects. To some projects before, there are really investments which became better when they do this procedure because of smaller transaction fees and ofcourse, faster. But mist of the time, as everyone have mentioned in this topic, it is just an excuse that the project did not meet its expected 'success'. This is also evident to some of the p2e projects at this moments wherein they are changing their mother token to again attract investors, once the first one never did an impression to the market.
2874  Bitcoin / Bitcoin Discussion / Re: Why is an economic recession bearish for the market? on: October 11, 2022, 02:55:24 PM
There are tendencies investors are needing money to survive their daily living, and that gives them an option to withdraw their assets triggering a bearish trend in this industry. Possible right?
The economic recession is bearish because of that is not much demand in cryptocurrency and everyone who is into the trading of Bitcoin is no longer investing more again so all these things are one of the things that contribute for this which compare rich constantly market so all these things have to be reduced when the team ahead is higher the higher than the suppliers of cryptocurrency
This is indeed another factor to consider wherein crypto enthusiasts does not have enough resources to continue their investment routines given that there is an economic crises to many countries around the globe.

When the economic recession starts everything comes to constrict. Because everything in the world is related to money. When you don't have money you won't be interested in buying anything even if you need it. Because the financial crisis will increase. At that time only basic human needs are given highest priority. Actually when you have enough money supply will you consider different investments. In that case, cryptocurrencies will be no different. There all kinds of investors big or small will convert or spend their money. As a result, the market condition will worsen. The market will move towards a long bearish.
Yes you are absolutely right. When I have money, I have a different kind of peace in my mind. When I don't have any money, I am very stressed. When I have money, I like to invest most of the time.  And don't invest if you don't have money. But I think if you have money you can get everything.
.....
 Which means we are stressing ourselves for something that doesn't even exist in any meaningful level.


Simply because there are people in this industry who are making profit out of it which causes the stress from the situation we are currently experiencing. It would be nothing to all of us if we don't benefit from it.
2875  Alternate cryptocurrencies / Altcoin Discussion / Re: When is the best time to buy Old Coin? on: October 10, 2022, 02:50:05 PM
Depends on the coin you are planning to invest your money with. Not all Old coins have the potential; there might be a reason why it became old with a low market price (assuming that it is 'coz you are planning to invest into it), unless it is like Bitcoin and others. Check for market volume, demand and its popularity still or utility and check if it still has 'life'. There's no such thing as perfect time. Analyze and make a move whether to engage on a particular coin or not. But based on experience, those coins which are left behind by time, are having slightest chance to come back especially if it did not make an impact on its prime.
2876  Bitcoin / Bitcoin Discussion / Re: Are Early Adopters rich? on: October 10, 2022, 01:09:56 PM
~snip~
Are early adopters rich? It's safe to say yes if they managed to held the coin much longer.

It's hard to say because the idea of holding Bitcoin was very different in the beginning.

Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup.

Also, many people sold their coin when it was a bit valuable.

But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though.
I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time. Therefore, those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well.
It is surely hard for them to hold on numerous times Bitcoin and other cryptos' market value have reached different peaks but amazingly, there are people or early investors who managed to do so, and the answer to OP's question I guess is mostly no. If I qould be asked, I'm guessing that most of the early investors have sold their holdings before, perhaps the guy who traded his Bitcoins to a pizza? If you're familiar with it. Wrong to generalize but I think there are similar instances with other people of this industry. There's also this individual who accidentally lost his flashdrive containing huge amount of Bitcoins. People before were uncautious with it because they were still unaware of its potential at that time and we cannot really blame them; that's their money in the first place.
2877  Economy / Economics / Re: What is Inflation? A Crash-Explanation on: October 09, 2022, 02:49:33 PM
I don't think there's a user who didn't even understand what inflation is, so I don't see any point from your post.

Avoid generalization, ofcourse there will be people or individual perhaps, who are not really aware of what inflation is or how it could affect our daily life. They may know it by definition, but they might not be able to comprehend it if no one will explain it in a more practical way.

Inflation is simply a rise in the prices or marketable things;things we do use on a daily basis, things we desire to possess someday, and such. But it is not as simple as that, because inflation has implications with one's economy because it speaks for the 'purchasing power of an amount" such as your $1 5yrs ago could give you this and that, but due to inflation, your $1 won't be able to get you any, at the present.Hypothetically speaking. That's how it works.
2878  Bitcoin / Bitcoin Discussion / Re: why BTC can not zero at present time on: October 09, 2022, 02:25:07 PM
Logically, its price could fall as low as zero. Its market value is still something which is being controlled by demand, so if there will be no demand, it won't have a market value, as simple as that. But in line with the present, it is quite hard to think that its market price will stoop that low given how many people are currently using it either for investment purposes or transactions.
Please briefly explain, why BTC can not be zero at present time?

Technically it can be zero at any given time.

because btc already has value/price
and demand has also,  gone from unknown to famous, to creating prices that vary (up and down)
can be 0 if btc has been abandoned by the lover (in this case who knows when it will happen)
Abandoned or let's say prohibited to be used(which has a higher tendency to occur in comparison with people initiatively abandoning such currency). Prohibition could take place if and only if, countries would do so;they have the power as well to do such action but ofcourse for a reasonable purpose.
2879  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Generate Profit in this bear time? on: October 07, 2022, 11:18:43 PM
The only way I know someone could still earn profit in bearish market is through trading. Perhaps in Binance, there's this thing called 'Futures' wherein you may trade either ups or downs of the market but experty with market behavior is a must or if you have a 'signal group' that would be a plus point. Only problem is, this is way too risky especially if you won't be able to handle your leverage well. There are instances wherein users got liquidated within minutes befause they forgot to put stop limit in their asset, so be careful.

Scalping would also be an option because in bearish season, it is not consistent downfall; market prices are just having a hard time to brake support or barriers, meaning, market prices pumps and dumps in short period of time which could generate profit.
2880  Bitcoin / Bitcoin Discussion / Re: Bitcoin 13 years ago... on: October 07, 2022, 02:43:05 PM
I'm a beginner in bitcoin, I didn't expect bitcoin to be so cheap, if I've known bitcoin before, I might have bought a lot of bitcoins. but yes of course it's never too late to buy bitcoin, even though bitcoin is now expensive, but I'm sure in the future the price of bitcoin will be even higher.

If you are a beginner then the first thing you should do is buy a small amount of bitcoins every day or week. Of course it will not be felt on your finances. While it's still in a bear market now, the price of bitcoin may continue to fall for quite a long time. It's never too late for a future adoption and bitcoin is decades old and still exists today.
Sounds cliché but for beginners, best thing to do is to know what they are engaging themselves with. It is easy to put money into something but accepting high risks of losing money from doing so, especially if you are already at that point, would be problematic if you won't be prepared for the outcome. It won't always be a winning investment. Market volatility alone does not determine assured profit.

Also, surfing for more would be a better idea. If a beginner would be also awre of other cryptos, cryptoactivities, market behavior and such, it might help him learn and create his own tactic in this industry to lessen the risk of losing, nd to increase ways of earning not merely depending with buying and selling.
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