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1  Economy / Trading Discussion / Re: What are your trading strategies ? on: June 24, 2021, 05:00:59 PM
How do you trade ? Does someone has reliable info on the strategies of the most successful solo traders ?

The most basic I always see is you wait to buy at support then sell it near its resistance which is the only strategy I know and can understand. I often do this at 15mins or 1hr timeframe and so far its effective for me. Haven't tried it on longer timeframes as price fluctuations on those can be wide. Each of us has its own strategy in trading that we find effective, as long as that strategy works for us I think there is no need to do or copy the strategy of other people. If we keep sticking to the strategy of others then we might not learn anything from trading.
2  Economy / Trading Discussion / Re: Daytrading vs Holding on: June 24, 2021, 04:15:17 PM
Not all are able to concentrate watching the crypto market and able to do daytrading. Sure that you can gain more profit from daytrading than holding but there are many factors that some people still prefer to hold. As for me, I have a weak emotion in trading and doesn't really understand to read candlesticks and charts which makes it difficult for people like me to daytrade. We can lose money if the market doesn't go the way we want. Unlike holding, we just wait for a year or more to take profit
3  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make your HODL or dump decisions? on: June 24, 2021, 03:31:19 PM
I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.

Found the token on coingecko and saw their website there. All I can say is it is almost the same with the deflationary tokens created under bsc like safemoon, etc. I can't say if what you're holding is good or bad but I don't think their project will last that long like years.

Some words of advice would be really good. Thanks.

For me, I just hodl if the team behind that project is transparent and keeps in touch with the community with their progress. As long as their roadmap are followed then there is no reason for me to dump it. I will just dump it if something fishy is going on or the team already abandoned the project.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: The right time is now! on: June 24, 2021, 02:46:34 PM
~snip

Your no.10 on the list is new to me and haven't heard anything about it but aside from that all those crypto are a good choice to hold. We've been consolidating for few weeks so I can say that it is good to stock some alts now that are on your list aside from bitcoin and ethereum. Those coins are mostly on the top of coinmarketcap and made a huge increase this year. BNB was just less than 50$ at the beginning of the year and almost reached $1k of its last ATH. Buying now at this point will be an easy profit if market starts to rally again and those coin on the list reaches a new ATH again.
5  Economy / Speculation / Re: Anything particular causing these declines? on: June 24, 2021, 01:58:20 PM
Is it our friend Elon Troll Musk again?

He's been silent since he made the statement about Tesla to stop accepting bitcoin as payment. What I think the reason for this decline recently is because of the fuds from China, like miners there shutting down which we know that a huge percentage are from that country. They often cause these dumps which I don't really know the exact reason for it like they always say that they ban it. If they can't accept it as a digital currency then why they have the biggest mining farm of bitcoin.
6  Economy / Economics / Re: Is money the root of all evil as the poor to thinks? on: June 24, 2021, 01:10:41 PM
It is about greediness what money can bring to us. It defines power which makes many people show their evil side if it is involved. People become a slave for money because it is always needed to buy necessities like food, shelter, bills, etc. Lower-income people are easily looked down on by those above them because they can't do anything without money. While government officials and authorities are easily corrupted just with a huge amount of money by doing illegal stuffs.
7  Bitcoin / Bitcoin Discussion / Re: I feel uncomfortable if I donít buy on: June 24, 2021, 11:21:26 AM
I guess this is the part where I wait.

Don't force yourself to buy if you really can't, don't think of getting a loan just to buy at a lower price. Not all of us are able to buy in every dips since we have personal responsibilities.  No one knows how the market will move, it can even dip lower after you bought. Some of us feel anxious too when cryptocurrencies are dipping and we can't buy, let's just think that will still be able to have profit from it in the long run. Market will always recover when these dumps happen.
8  Bitcoin / Bitcoin Discussion / Re: If Whale hoards bitcoin, will the market run out of BTC to buy? on: June 24, 2021, 10:09:48 AM
Whales will always reach a point that they will sell their bitcoin, they can't just hodl without a goal of having profit from it. Why do you think market crashes, price will just go up if many whales will just hodl. You didn't invest just to make it a display, it is an asset like gold. Bitcoin in the crypto market or exchange can't just easily run out of supply. Just imagine the current price at that time multiply to its total supply, that would be the total money needed to purchase all the bitcoin in the market.
9  Economy / Gambling discussion / Re: Recognizing Gambling Disorders, Symptoms of Severe Gambling Addiction on: June 24, 2021, 06:15:19 AM
In the last few hours I personally do self-introspection and analyze these symptoms may be in myself, family or friends. and as a result there are some of my friends who do seem to have these symptoms ;
1. Should I shut up and watch him continue gambling.
2. Or risk the friendship to fall apart by suggesting him to go to a psychiatrist, because because in my place people who go to a psychiatrist are identical to people who have mental disorders.

I prefer the option number 2. Your friend will surely be offended if you asked him to go to a psychiatrist but if he realizes soon that you are right about their addiction in gambling, your friendship will return. I'd rather lose our friendship than watch them ruin their life because of gambling. He won't be that same friend anymore if he got addicted in gambling. We should break the stereotype that if someone goes to a psychiatrist, he automatically has a mental disorder.
10  Economy / Speculation / Re: Where is the bottom and what's next? on: June 23, 2021, 04:05:55 PM
Where do you think the bottom is and what will happen next for the bitcoin price?

Bitcoin is really unpredictable so no one can predict where will be the bottom. Price could dump hard in a week and can also pump as well. For me, the dump recently at $28k was the bottom. We quickly recovered from that dump and now trading at $34k. I could be wrong also if fud suddenly shows up again resulting for it to dump again. If that was the bottom then I think next month would be a green market for bitcoin again and also to other cryptocurrencies.
11  Economy / Trading Discussion / Re: Stop losses on: June 23, 2021, 02:00:13 PM
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

I can't monitor the market properly as I am busy with personal stuffs so I just HODL and don't bother if it dips. I even buy more if I have extra money. Having stop losses is only for traders who want to lessen their losses. They put a stoploss so they still have buying power and able to buy more quantity of that particular crypto at a lower price. Stoploss is very important especially if you are doing leverage trading to avoid being liquidated. As for spot, you only put stoploss if you can monitor the market properly. If you put stoploss then the price quickly bounce, you will just buy again at a higher price with lesser quantity of that coin.
12  Economy / Trading Discussion / Re: This sh*t ain't for the faint of heart! 😭 on: June 23, 2021, 01:11:05 PM
No one knows how the market will move so we can't tell if the $28k dump recently was already the bottom. It is always better to not go all-in when buying these dips. Though you will still be in profit in few years but it is still better if you can accumulate at a lower price. We bounced hard from that previous dump but we can't confirm yet if the price won't go any lower than that. If a fud suddenly shows up, bitcoin's price could go down again quickly.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Best place for staking or yield farming on: June 23, 2021, 10:23:31 AM
Pancakeswap and bakeryswap are the only best place to do staking and yield farming for me though there are many platforms like that are created since bsc network became popular. There are many choices on those platforms what token you will farm or stake. Plus, I feel safer with PCS and Bakeryswap because they are acknowledged by binance. The APR is also reasonable unlike new platforms now that it is only good to farm in the beginning. Been staking now my CAKE in Pancakeswap for almost a year, I treat it as a time deposit but way more better than putting it on a real bank.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make money with NFTs? on: June 23, 2021, 09:20:42 AM
Making money with NFTs comes with two factor which is influence and talent. You can make NFTs if you are good at painting or can make something unique that will attract people to buy them. Some people with talents can make money out of this but are not noticed because they have no means to promote their service. They just become popular if some influential personality notices them and started promoting on their social media.

If you think you have a talent for this, you can create your own NFT and sell it on a marketplace like Opensea. https://www.cnbc.com/2021/03/23/how-to-create-buy-sell-nfts.html
15  Economy / Gambling discussion / Re: Does implementing a tax on a gambling platform really help a country? on: June 23, 2021, 05:37:26 AM
Yes, perhaps there is always a hidden tax in gambling business. It is an area of business that has always had links with people of dubious reputation and, in some cases like Las Vegas, the links with criminal groups has been clearly established. Even nowadays there is a link with the government an the practices that are allowed there are not allowed in other parts. I call this a hidden tax because at the end of the day this money will end up in the hands of the officials and eventually back into the economy by means of their purchases.

I think this also exists in other businesses. It is more like a bribe to keep that business establishment continue operating and be protected by government officials or any powerful authorities. If they fail to give those "hidden taxes" then they would face some violation resulting in their business to close. These hidden taxes are what make these corrupt officials and authorities become rich, their salary is just a small chunk of money compared to what they receive.
16  Economy / Gambling discussion / Re: Auto Deduct System on: June 22, 2021, 01:38:34 AM
There should be a stopped button or something like we don't want to include the address on the automatic lottery draw every week.

This is the first time I saw that kind of system. How much is the ticket? Those who have a balance less than the price of the ticket are safe with the deductions.

Each lotto token costs $0.029 right now and needs atleast 25 tokens based on the previous draws so qualifying for the lottery is not that expensive. If converted to fiat, the requirement for each draw is only $0.72 which have a chance to win lotto tokens equivalent to 200$. With the 4000 current token holders, they get more from their deduction than their prize gives. They did an airdrop way back January and I think mostly airdrop holders are only the participants of their lotteries. Gamblers won't like this type of system as it doesn't give the thrill or satisfaction of what a real gambling platform provides.
17  Bitcoin / Bitcoin Discussion / Re: HODL...until when? on: June 21, 2021, 09:33:12 AM
Those who advocate hodling, when do you cash out?

I mean, dying hodling is not the plan, is it? Eventually, you'd need to enjoy the fruits of your patience, right? When is that, when someone says "hodl"? Is it a savings plan? A retirement fund? What does it mean to hodl?


Hodling can work both as savings and retirement.

If something happens and don't have enough money, you don't have to borrow money from someone or get a loan during emergencies. If you manage to not touch it until you are not able to work then it can become your retirement plan. If you're still financially stable after retirement, then you can decide if your children will inherit your crypto investment.

It is the same when buying a tangible asset like pieces of jewelry, you will only sell it when you need the money from that particular investment.
18  Bitcoin / Bitcoin Discussion / Re: How do convince someone to keep crypto in a hard wallet? on: June 21, 2021, 06:10:58 AM
I have a friend that is really invested into crypto. She is very enthusiastic about it and I learned a ton about Bitcoin and crypto from her. But then she told me something that scared me: she keeps ALL her Bitcoin in the exchanges rather than a hard wallet.

I told her that was a security risk, she could get hacked, the exchange might play dirty with her money in the future, the exchange could disappear. Her response was that I was being paranoid, that her exchanges are safe, and that she is pretty careful anyway so she is certain hackers won't get her.

How do you convince people like that? I am worried Murphy's Law will hit her badly and she will lose her funds.

You said that you learned crypto from her but how come she doesn't understand the risk of putting crypto investment on a centralized exchange. Convincing someone to not store their cryptos outside of exchange is really not easy especially if it doesn't happen yet to her or someone she knows. You already warned her so I think that is enough, let's just hope that the exchange she trusts won't exit scam in the future.

About the hardware wallet, you don't need to buy those, even a non-custodial wallet like trustwallet or metamask is already enough to safely keep your cryptos for many years. Just make sure to keep the seed phrase in a safe place and also make a backup of it incase something happens.
19  Economy / Gambling discussion / Re: Crypto gambling is the worst piece of shit you can imagine on: June 21, 2021, 04:35:13 AM
Why??? Why would anyone play on these when there are eur and usd casinos and poker rooms?

~snip

Have you ever tried using dogecoin, xrp, or trx to gamble? They have low fees and they are cheap that someone with a small bankroll would still be able to enjoy gambling for a couple of hours. Crypto is a better option for me than fiat because you don't need to provide your private information to gamble. If you are a high roller that you want to gamble for profit, there are stablecoins now which is tied to the value of USD. Cryptocurrencies is not just for gambling, it has plenty of uses and potential to improve our technology.
20  Economy / Gambling discussion / Re: Auto Deduct System on: June 20, 2021, 04:11:14 AM
I just have think of this as LOTTO ( site : lotto.finance) is implementing this, and one way to get out of that is to either wrapped the tokens or bridge it on another chain, do you think its reasonable not to have a stop button to exclude your address once you don't want it anymore?

The sole purpose of their token is to gamble like in a lottery so I don't see a reason why they will include a stop button for their users that doesn't want to participate. You buy their token not as an investment but as a ticket hoping that you would win from their lottery. I can't say it's a scam but since only 1 address wins per lottery draw, what they give to the winner is also what they deduct from their token holders. And I think they even get more when reducing token holder's balance than what their prize gives.
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