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1121  Bitcoin / Bitcoin Discussion / Re: Bitcoin Legends and Veterans. Seeking wisdom... on: May 29, 2021, 12:25:59 PM
Buy bitcoins and wait for years! There is no shortcut or free money. Newbies are attracted towards the high return investment schemes but in the end they are getting scammed and call the bitcoin as scam.

Make yourself a knowledgeable person by reading a lot and everything is available for free in this internet world.
Fool proof and proven strategy, I have done this for about 4 or 5 months and I was able to get a considerably high profit. I had my encounters with this HYIP back then but now I know better and good thing that I didn't get scammed by those schemes because I have people that I ask questions with to consult on what to do next.
1122  Economy / Speculation / Re: Famous Crypto Person warned of Bitcoin crash in Tweet to Elon Musk on: May 29, 2021, 11:42:00 AM
I hope that his predictions don't come true fully.  Grin  Then, there are really hard days waiting for us. It's a good opportunity to accumulate of course especially for HODLers. But short-term investors wouldn't be so happy about this. However, this is just a prediction in the end. There is no guarantee for all of it to happen.
Even if it does come true, the best that we can do is just wait for it, he did predict the last crash but the prices did recover right? So my suggestion is either wait it out if you have invested in bitcoin recently. Yes there is no guarantee but the possibility is endless unless something happesn that prevents that possibility from happening.
1123  Bitcoin / Bitcoin Discussion / Re: China bans mining is good for Bitcoin on: May 29, 2021, 10:30:44 AM
Yeah. It dropped the whole market but it'll adjust. The mining will be spreaded in a lot of countries instead if China and i think it may help to blockchain's work and be healty for market.
It will take a long time to adjust with a lot of mining taking place in China, a lot of people are going to take their place and it is difficult to replace them even if you are a company since the Chinese mining are also a company. It is healthy for the market no doubt and I like that the prices are going red because it removes the weak hands and gives opportunity to other people that wants to get in at a low price.
1124  Bitcoin / Bitcoin Discussion / Re: Bitcoin is my Bank on: May 29, 2021, 09:56:00 AM
Hopefully OP made a really big profit since he/she bought bitcoin around December and hopefully the price that he sold his bitcoin was around the 50k mark to at the least so OP can enjoy the profits because that was a really big risk.
1125  Economy / Speculation / Re: 50K on the way and I am Still Alive on: May 29, 2021, 09:00:37 AM
hard to reach $ 50k again mate, you have to really be prepared for a long bearish journey in 2021 to 2024,
haha this is just an opinion, don't make it a benchmark, we can still see $ 50k if the price of Bitcoin reaches above $ 45k first,
after that it goes higher yes maybe $ 100k ?, don't expect too much, just do what has to be done, good luck
The price hasn't totally crashed so low so I don't think that we have to worry about bitcoin being on the long bearish season. I don't mind that bitcoin is going on a limbo at this current prices, I still need to accumulate more bitcoin so I am not on the haste for the prices to go up.
1126  Economy / Speculation / Re: Reason of Bitcoin Dump - Wyckoff Method on: May 29, 2021, 05:35:22 AM
There's always a reason to believe that the market is manipulated, it can be manipulated anytime by the whales, however, we cannot disregard the news as that will bring speculation. Bad news will bring negative speculation, therefore I believe that one of the reasons for the dump is the Tesla announcement and China banning bitcoin.
We can ignore it all we want but the tells are already there and I don't think that we are going to ignore those. I don't care if the whales manipulate the market, they will still get back in the market and buy back all those bitcoins that they sold. Yes the Elon and Chinese FUD do contribute to the prices going down but there are more subtle factors that are on play that the news doesn't cover because it's not sensational.
1127  Economy / Speculation / Re: Bitcoin will not be able to stay above $40k for 10 consecutive days ever again on: May 29, 2021, 04:51:36 AM
What's the mathematical proof for that? Aren't you a proud "mathematician" of bitcoin prices going down and never coming back? How come all of your replies don't even have hint of math, you can't just call it mathematical or scientific without providing any evidence.
1128  Economy / Speculation / Re: Institutions bought your BTC on: May 29, 2021, 04:14:05 AM
Who sold it?
If I am, I will not sell them at a cheaper price. I will only sell the BTC when I have reached the target prices and get the profits. Being panic when the BTC price goes down is no need to do because we are here for a long time and we have known the exact market condition as always. Every time FUD is there, the price will be also going down. But never panic to sell off the BTC or cryptos in very cheap. And the whales or institutions will be happy about this.
Probably the greedy panic sellers is what OP was talking about, they deserve getting their coins bought back by institutional investors because they are stupid and greedy that they overreacted to the FUDs that shouldn't have been a big deal in the first place. You can't stop this panic sellers, they are greedy and they want that the moment that they invested that they become instant millionaire.
1129  Economy / Speculation / Re: Anybody else feel relieved this dip finally happened? on: May 29, 2021, 03:37:39 AM
I could finally buy more bitcoin with my money and to be honest, I want it to go down much more just tto piss off the people who hates Elon Musk and have them all panic sell again. To everyone who feels like this dip is a shit, do not worry for you just have to see the good side of this dip.
1130  Economy / Speculation / Re: Bitcoin difficulty will drop in 8 days. on: May 28, 2021, 01:59:57 PM
You still have two days to prove that bitcoin isn't going to be alright but I am still careful because whatever happens after that is out of control and we don't know what's going to happen next. I don't think that this ease this week is going to last that long, I feel like there's going to be another bad news really soon but I might be wrong about it.
1131  Other / Archival / Re: The largest cryptocurrency correction on: May 28, 2021, 01:19:46 PM
Many analysts warned and projected several predictions last month and I think those were very intact and precise since this was currently becoming a reality few days ago.
It became so phenomenal and yet most traders wasn't able to control emotionally and put them into panic. Basically that's what I'm feeling right now, because I'm also suffering on my altcoins which also heavily affected due to huge drop of btc.
The weak handed traders panicked because they thought that bitcoin is going to do the same thing that it did back in 2018 so they want to cut losses and wait for it to go down a little bit more to join again but that wasn't the case and the prices started to recover. Don't worry about the recent reds in the market, this is just a short term problem, look at the future and see how much more you can get if you hodl for the long-term.
1132  Economy / Speculation / Re: Will bitcoin dump below $30,000 this week? on: May 28, 2021, 11:16:52 AM
This week is ending and I think it is safe to say that bitcoin won't drop below 30k USD this week but the next week is another question and so are the other following weeks, we just have to wait and see what happens next.
1133  Economy / Speculation / Re: Everyone is fearfull. Someone said this is time to be greedy on: May 28, 2021, 10:36:05 AM
If I have the money to buy some bitcoin, I would probably buy but I don't have it and what I am implying is that you should buy bitcoin right now because the prices are so low that you will probably get a really big profit when the prices started going back again.
1134  Economy / Speculation / Re: Is $65,000 the peak of this bull market? on: May 28, 2021, 09:51:46 AM
As far as we know it is the current peak of the market, we have no idea what happens in the future so that position is a temporary thing that we don't have to worry about because knowing the bitcoin market, we will probably see more ATH in the near future, all we can do is to prepare for it.

It is true that the price of $ 65k is the peak price for now, we can't predict the future. Therefore there is still a possibility that this year Bitcoin could
rise higher than the price of $ 65k, because Bitcoin movements are unpredictable. Actually we don't have to worry whether the price of $ 65k is
already the peak price or not, the most important thing is that we continue to collect as much Bitcoin as possible. So when Bitcoin manages to
go higher, the profit we generate is getting bigger. Therefore we really have to prepare everything before that happens, but even if Bitcoin fails
to climb higher, there's no need to panic. Because someday Bitcoin will definitely be able to rise above the price of $ 65k.

That's right, we still have 7 months left to see if 65k USD is the peak of bitcoin for this year and my only advice is to just sleep away and let all of this go by and we will be surprised that the prices have gone much higher when we least expect it from happening. @Mcobian is right, be prepared for what is going to happen in the future, it will be uncertain but you might want to bet on the fact that the prices will go much higher than 65k.
1135  Economy / Economics / Re: Crypto vs Fiat on: May 28, 2021, 09:21:06 AM
Well, 1967 has a different value of money back then and the money right now is just the same as back then, the difference is that there is an inflation so whatever you are trying to imply on this post, you failed. You are right about storing your money on crypto in a bank though, crypto is a poor man's hedge for inflation.
1136  Economy / Economics / Re: Three South Korean Banks Stop Working With the Nation’s Crypto Exchanges on: May 28, 2021, 08:33:20 AM
So this is the South Korea FUD that the Bog brothers called on us guys. Lmao it will always be up to you if you'd let this sway your investment in bitcoin or not, and frankly speaking whichever you choose is the correct choice. It's right to avoid losses and dip early, but it's also correct for you to hold on at the very least until we see the greens again. It's a case-to-case basis really.
If you have invested in bitcoin when it was priced as 10k then you still probably have a lot of profit. This FUD will cause a temporary dip in the prices but as @Twentyonepaylots said, just wait and hodl if you can or get out early if you don't like suferring a big loss.
1137  Economy / Economics / Re: Why own stock if You can own the stocks of the Federal reserve on: May 28, 2021, 07:37:18 AM
If I am right what this Federal stocks that you are talking about is probably the government bonds which is a pretty good one to invest in since you can be sure that your investment will be safe because the government itself is insuring it.
1138  Economy / Economics / Re: Risk of Scarcity. on: May 28, 2021, 06:29:44 AM
Yes  we worried about the scarcity that happen in our own country even we have a different status of economy but some people say that .the status are stable and normal but they really don't know the truth behind a lot of people ang suffer.
The reason that there is a scarcity is either they don't develop the production of raw materials or they didn't have a good management of supply and storage. Another problem is the conservation that is always set aside until it is too late. Of course people that are doing well are going to say that they are doing well because they didn't experience what is happening to other people or they are really ignorant.
1139  Economy / Economics / Re: Bitcoin after 3rd Halving prediction on: May 28, 2021, 05:49:49 AM
Seems to me that the predictions of the prices have gone wrong with a very large margin, I think that those numbers are going to be possible on the next halving though, that I am positive that it will happen, the predictions didn't factor FUDs and the adoption speed.
1140  Economy / Economics / Re: The Downfall of TSLA on: May 27, 2021, 11:35:45 AM
Is Tesla operating? If yes then there was no downfall, though their stocks are suffering right now, I don't think that they won't be going away anytime soon, I think downfall is not the right word because it implies that Tesla will not be able to recover from this which isn't true since they are a revolutionary company.
^ It is fully operational and regardless of production rate, the promises of innovation Tesla is offering are too effective. That is why their stocks are soaring high even when profits were not there yet. Elon Musk is a capable man, that person is not just a businessman or even an entrepreneur. He is a technical person as well. That is why the trust of the people is with him and we can’t blame those people who support him. Not just that, his prototypes are solving problems that possibly be adopted on a global scale. A business model that is scalable is somehow promising though.  Nevertheless, these are my opinion, let me know what is your take.
I believe that his ideas are visionary but the problem that I see is that his idea are too far flung and there are other possible solutions that he can contribute like colonizing the moon before Mars or perfecting 3D printing technology, or sea steads or ocean clean up. The people who follow him most of the time are just bandwagons who thought it would be cool if they follow Elon.
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