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1521  Economy / Economics / Re: Biggest winner during COVID? on: July 15, 2020, 06:29:02 AM
Maybe, the true biggest winner here during Covid-19 are those tax collectors.

Let's say that they are just doing their job to help the economy become stable and grow, but where is the humanity? They are still charging taxes from small business and even those online sellers, they are planning to get taxes from them.

Maybe, our tax collectors should consider some factors so that people will don't have a hard time do to extra work just to have a budget for their necessities. We all know that the government also have expenses due to the increasing number of cases, but they should review the laws that they are planning to implement because many small businesses are getting affected even those people who are using social media platforms just to sell their product. Hopefully, they will not take charges from their businesses so that their profit will not be reduced.
1522  Bitcoin / Bitcoin Discussion / Re: Crypto Now Legal In India? on: July 15, 2020, 05:24:56 AM
I'm so confused about India's idea about how they deal with the cryptocurrency, if they will legalize it or not.

They lack of affirmation whether they will allow people to use cryptocurrency or not.

Just like other countries, their decision towards cryptocurrency should be finalize so that it don't make any confusion or dismay to the people who are hoping for it to become legalized. Maybe their country is not that prepared regarding the proper regulation of cryptocurrencies into their economy. Probably, they lack of knowledge and experience in allowing it to regulate in the market that's why their decision is not that secured.

I though that they already adopted the use of cryptocurrency in the market on March this year.

They are still having a conflict again with their government doubting the legalization of cryptocurrency in their country as they are really not that into a more digital currency to regulate in the market. For me, if you really want to learn something, you will try and see the effects or results from it for you to continue. I'm hoping that they already realize those benefits and advantages of cryptocurrency in the economy to help them grow and have a stable economy. The Court should really have a wise and finalize decision regarding India's approach towards the use of cryptocurrency in everyday lives.
1523  Economy / Trading Discussion / Re: It's ok if your profits are less on: July 14, 2020, 11:59:54 AM
of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

Regret is normal because mistakes are always there due to the risks in trading. The only important thing in trading is when you know how to accept mistakes and move on. Learning from your mistakes is effective to correct it the next time you perform transactions. Once you make a mistake, don't forget to treat it as a lesson.

It is also okay if you feel that your profit is not that high compared to other people.

Traders should start from a small progress because when you already reach a large process, your trading journey will not become fun and you will not learn more about trading experiences. Sometimes we just need to experience ups and downs in trading for us to see the reality of how trading works.
1524  Economy / Economics / Re: Coronavirus is very harmful to fiat currencies, not bitcoin on: July 14, 2020, 05:47:31 AM
So, we can take advantage of the situation and could get the bitcoin payment systems a lot more awareness. If we create that awareness, if the companies that builds bitcoin cards actually market it like "want to not touch anything? Use our bitcoin cards and have payments without touching anything", that would really work for us.

What if we settle and look forward to those QR scanning so that it is really a less physical touching of things to make transactions. You will only use your device to scan those QR codes and the transactions is done, as easy and fast like that. But it will take a lot of time for other companies to build a platform where they allow the sending of cryptocurrencies using QR codes just like what is happening in the supermarket and other businesses.

The problem is that some supermarket or businesses are still not accepting bitcoin as a payment due to ignorance of cryptocurrency. They are still not that convinced to allow the accepting of bitcoin in their economy so it is useless if we still continue this kind of concept if we do not prioritize adoption first.
1525  Bitcoin / Bitcoin Discussion / Re: Should we invest in a bitcoin exchange? on: July 14, 2020, 04:36:33 AM
Over the past few years, a huge number of cryptocurrency exchanges have appeared. There are a lot of small exchanges that lack volatility. I don’t think it makes sense now to create another exchange. It was relevant in 2017-2018. In any case, if you have a great desire, confidence and an extra $ 10,000, then you can take a chance.

The question is "Is it effective as a cryptocurrency exchange?".
Although there are a lot of cryptocurrency exchange that existed, but how about its service to its customers?

Maybe he just to create and become one of those most popular cryptocurrency exchange, and as long as there is an opportunity he should grab it. Investing on bitcoin exchange is probably expensive as you need to consider the salary of those programmers that you are going to hire to make your platform work. Also studies should be made so that you know how to run a crypto exchange without technical issues and you also troubleshoot issues immediately.
1526  Economy / Trading Discussion / Re: Trading is based on probability. on: July 13, 2020, 03:09:55 PM
trading can not be separated from the probability...
each trader makes a decision from deep analysis and then produces a probability, and every decision to sell, buy, or hodl will greatly affect the assets of the trader. many people think trading is not much different from gambling but they don't understand that gambling is a guess that requires luck to win.

Trading cannot be compared to gambling because of many reasons. Though in trading as well we do require luck as well because at times after being buying/selling something and later on some news comes you may miss out by just seconds and that decision can go wrong based on the news which appeared later. But surely trading required lot of knowledge, understating of the market situation, analysis and based on technical and fundamental people would be trading it.


Aside from that, you must have the ability to hear gossips/signals. I don`t believe that trading is based in probability since whales manipulate the market. Yes, sometimes the market is your friend but many times it is your enemy. If we want an easy money, gambling is the best way to make it. Easy yet risky. But if we want an investment assurance, we should learn how to trade using our own analysis.

Market is your enemy because trading is risky than you think. You are the only one who can fight that back, you are the only one who can manage those risks so that you minimize your losses in every transactions that you do. Probability is more on possibilities, but it is more on your own manipulation and control in your assets. Technical analysis will keep you updated about the price of your assets in the market. So I don't believe in luck in trading, I believe in how you deal with those transactions that you are going to perform, if you are prepared or not. Being flexible and complex about your strategies and decisions is also good to become more effective in trading without even thinking of those probabilities that some are saying. It is about skills and strategies, and good decision making, not probabilities.
1527  Economy / Economics / Re: Maintaining safety measures after pandemic for human -economical- resources on: July 13, 2020, 02:29:38 PM
I think the best approach is to educate everyone about the possible casualties when it comes to the right protocols in place. It’s better safe than sorry.

Prevention is better than cure.

Being prepared is good to prevent being infected with other diseases that are existing for so many years. We are focusing on this Covid-19 pandemic because of the number of people around the world who are getting infected by this. But we should also think of those diseases that can be spread from P2P transmission like chicken pox, meningitis, tuberculosis, measles, and etc. In reality, there are also infectious diseases that are spreading in some areas before this pandemic exists.

In Democratic Republic of the Congo, there is an Ebola Virus that is still present and on going.
1528  Bitcoin / Bitcoin Discussion / Re: Can BTC really be a safe haven? on: July 13, 2020, 09:05:43 AM
I think when we say save haven; it is an indication that with bitcoin you can't always have losses, but reverse is the case.
Bitcoin is a very good token; vast and used for international transfers by its users, or for payment on webpages, but to me bitcoin is not a safe haven.

If you have 1 bitcoin today, it could be worth 7000$ today, then tomorrow it could be 4000$ or 20,000$; that is not an example of safe haven.
Stable coins should have the tag safe haven
You are right, the price of Bitcoin is not stable, now it can be worth $9000, after a while it can be $10,000. The volatility in crypto is high, the risk is high; The higher the profit, the higher the probability of loss. On the other hand, the price of gold is stable, it has regulators, and the return on investment is low.

Safe haven is like a paradise where you will not have any losses in your assets and there's no such things as that. When we talked about investment, there is should always a risk that we need to deal with. Investments are not a 100% profit, it depends on how you will deal with the market, but if you will treat bitcoin as a safe haven, then you should hold it for a long period of time. In order to do that, you need a lot of patience in order to achieve profits. Bitcoin can secure your future once you believe on its ability as a store of value, but sometimes you need to make it grow by making transactions.

That $9000 can still increase sooner or later depending on those factors that can affect its price.

This month, I'm glad that its price is stable about $9000+.
1529  Economy / Gambling discussion / Re: What's your favorite crypto for gambling? on: July 12, 2020, 10:35:27 AM
I know that most of the people here are saying that bitcoin is the best asset in gambling. We can't deny that bitcoin's price is really huge in the market and spending it in gambling can make it grow or fall.

Gambling is risky and you are not a gambler if you don't know that. Do you think that bitcoin is the only cryptocurrency that can give you profit once you use it in a casino?

Do not waste the opportunity to use altcoins in gambling, although their price in the market is not high as the bitcoin's price, still there is a profit once you process it in an exchange after you won a certain amount. So prioritize using bitcoin in a gambling casino but also use altcoin like ETC, DASH, and etc. Don't underestimate the importance of altcoins, especially in gambling industry.
1530  Economy / Trading Discussion / Re: Three basic Market Analysis to Becoming a Successful trader for Newbies on: July 12, 2020, 10:05:43 AM
2. Technical analysis

Technical analysis utilizes a trading pattern in predicting price movement of a crypto,  indices etc with the aid of charting patterns
this analysis with the aid of indicating tools both leading and lagging indicators help to predict the future price movement based on past historical
calculations, of course price history repeat itself, trend lines, support and resistance lines moving averages are some of the tools in ensuring a trader trade with the trend 'Trend is your friend' in trading coupled with learning Price Action is a must for newbies to earn profits consistently.

I always keep my eye on doing technical analysis in the market every time I plan to do transactions.

But those other type of market analysis are important for you to have a guide in making strategies before you engage in the market.

That will help you trade in a good situation and this strategy will help you determine a good time to do trading. When you want to become updated in the price of your asset, don't forget to do technical analysis for you to have a lot of ideas on what strategy you are going to perform in your trading. Predicting the future price is risky but still you will have some point of views based on the market.
1531  Economy / Economics / Re: Can we agree BTC is not a store of value? on: July 12, 2020, 09:15:36 AM
Bitcoin is bitcoin, and for me, bitcoin is a store of value no matter if the price of bitcoin fluctuates, that is a risk that I should pay when I have bitcoin.

Most of us are risking our money just to secure our future with this cryptocurrency that is full of potential to increase its price over time. We have different preferences on what are we going to use as a store of value, and we chose to deal with the risks because we believe that bitcoin can give us huge profit as we continue to hold it.

If you are not a fan and you are not comfortable on making bitcoin as a store of value, then it is your choice.

Bitcoin's volatility is not new and as we are treating it as a store of value for a long time run, we still make transaction in a short-term when its price fluctuates. Proper manipulation and control is what we need and then we will benefit the value of this cryptocurrency in the market.
1532  Bitcoin / Bitcoin Discussion / Re: One mistake and l have lost all bitcoin on: July 12, 2020, 08:37:56 AM
This is why its important to have good orientation and education about the system before making investment, the possibility of scams and losses in the ecosystem is quite high,would suggest a platform where beginners would learn everything they need to know about bitcoin before throwing themselves into the system and having regrets on the long run

Do you think being enlightened on how bitcoin works in the market and in the system?

Most of the bitcoin holders are really not comprehending those knowledge that they acquire from watching videos, reading books, and advice from other professionals that's why they end up having huge losses. In bitcoin investment, you should be aware of those possibilities especially those risks that can ruin your assets.

If we know someone who are struggling in a bitcoin investment, don't hesitate to help them grow and learn so that we can minimize these kind of instances that they are losing their money due to ignorance.
1533  Bitcoin / Bitcoin Discussion / Re: Why I like to learn and use bitcoin on: July 11, 2020, 07:33:30 AM
Cryptocurrency gives us liberation and independence. It gives us the ability to spend our money on anything that we want as well us it makes us anonymous on when we spend it.

It is true that we need independence when it comes to our own money and assets. Governments only get their benefit by taking fees in an exchange that serves as a tax for those customers who are using bitcoin. Still governments are still taking advantage of a centralized coin.

It simplifies many things and there are many advantages of the bitcoin. Also, one can become financially free and independent if invested and traded well with bitcoin. It has changed many things and also being used as the payment option. Transferring money to anybody has become so easy and so cheap that within minutes the other person will receive the crypto.

For me, I trusted bitcoin to secure my future that's why I invested to it. We never know, maybe its price goes up 10 years from now, but that's only a pure prediction. Most of the bitcoin holders are waiting for that to happen that's why we are patiently waiting for its price to increase. You have other options which is to make it grow, by trading, investing and etc.

1534  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: July 11, 2020, 04:30:12 AM
Really?

Phase out cash? and what for?

When the time where a vaccine already exists, do you think that we still need to have a contact less payment? As we are already immune to the virus when we are injected by the vaccine, there is no need to worry about transmitting the disease because everything will go back to normal once it happened soon. It is not that bad to promote cashless payment but we should give the people an option on what platform will they use to pay their bills or expenses. Let them choose on what kind of transaction they are comfortable with.
1535  Bitcoin / Bitcoin Discussion / Re: My suggestion on Bitcoin adoption on: July 11, 2020, 04:00:57 AM
I know that someone already suggested about bitcoin making into universities, for me, this idea is really helpful and must be implemented as soon as possible so people will really have to study how bitcoin works and why does bitcoin exists in the market. Once we make it become included in a curriculum, in this way we will somehow improve its mass adoption as the most used cryptocurrency in the market. Those youth or students have more time to explore and experience bitcoin in their lives. Hopefully, most of the governments allow this kind of learning because it can also affect the country's economy once people are knowledgeable how market work and moves. We really lack of information and support for bitcoin and I hope this will become a way for that to grow.
1536  Economy / Economics / Re: $6,000,000,000,000 of helicopter money is coming on: July 10, 2020, 05:56:05 AM
So hopeful this will happen soon in the future. Saving is the best option we have now that inflation is happening or might happen anytime soon. Btc reaching that much price will be OMG and even with a little amount of satoshis will be a great blessing already. I just hope many people will see this chance and believe that everything may happen even the six digit value of bitcoin.

That's the reason why patience and control is what we need in order for our assets to become worth it. Hodling is what we need in order to prevent losses, but the opportunity to earn profit will become wasted but still there is a risk that's why you need to save your assets. As we are waiting for that to happen, we should help the mass adoption of bitcoin to become more popular.

We are all rooting for the bitcoin to become known globally, but still there are governments who are still against it. But I believe that sooner or later, or maybe in the future, bitcoin will be known as the best digital currency that people will rely on. That 6 digit value of bitcoin is not impossible as the people using bitcoin is increasing everyday.
1537  Bitcoin / Bitcoin Discussion / Re: What was your experience trading cryptocurrency? on: July 10, 2020, 05:26:00 AM
So far, as bitcoin has no improvement in its price, I try to use altcoin to somehow have a small profit. A little progress is also a progress so as soon as I can, I trade using those shitcoins that others say. If bitcoin's price is not increasing, why settle and wait for that to move when you can find another way to earn a profit.

Holding bitcoin is okay but we have no idea when its price will increase in the market, so if I were you, I will try to look for more ways on how can i grow my investments.

If there's an opportunity to use other coins, grab it!
1538  Economy / Services / Re: [OPEN] Devilsdragon.com Signature Campaign || Sr & Hero/Legendary Members on: July 09, 2020, 03:26:20 PM
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1539  Economy / Economics / Re: Current Food Shortage and Economic Decline Caused by Pandemic on: July 09, 2020, 08:37:23 AM
How can we help government/ Seriously you want to help government when people are in danger.

It should be how government should help the people right now?



Due to covid 19 people lost their jobs and many people are suffering from starving but what governments are doing, fighting for borders, Space programs, trade wars, blah....

But that's not what is happening in our country right now, the government here is very corrupt than you can imagine.

Our country is in a huge debt, due to the irresponsible allocation of the Covid-19 budget here in our country. Authorities are also not following the rules and regulations amidst this pandemic, they are violating it and still they are not getting punished by the law. Life is so unfair because most of the people who are struggling hard are those poor people who don't have a budget to survive this pandemic.

Hopefully, there is a responsible and compassionate government that will handle us during this pandemic. We are still looking and waiting for a support so that they can lessen that hardships of the people.
1540  Bitcoin / Bitcoin Discussion / Re: Isn't this the best time for Bitcoin? on: July 09, 2020, 07:09:45 AM
Everyone has the struggles this time and putting themselves into the risk investment will never be their first option to take (maybe later).
We could think that Bitcoin adoption will become stronger as people will most likely go online system but it was a big opposite to look at because of some reasons. It could be in the realization that Bitcoin is not meant for everybody, the risk involves holds them and they never took this as an opportunity.

For me, it is also the best time to hold bitcoin, it is not only good as a payment tool for transactions but it is also good for a source of profit. Bitcoin is a reliable store of value just like Gold, the only difference is that bitcoin is a digital currency or asset and Gold is not. As recession is active and we are experiencing it right now, our economy will greatly affect those cryptocurrencies that we are using.

These struggles are not that easy to surpass or overcome because we have also different priorities just like handling this pandemic.

Bitcoin should be adopted by other people and this is the right time for them to invest on it because if its price goes high then they wasted the opportunity to have a profit.
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