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Showing 20 of 89 results by Dogedegen
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Board Bitcoin Discussion
Re: Bitcoin vs centralized Coins like Ripple
by
Dogedegen
on 15/07/2025, 21:05:16 UTC
Ripple is not a cryptocurrency in any traditional sense, it is a centralized digital coin that is operated by a centralized company. It is completely different than Bitcoin or most altcoins. The reason that you find it at all on Coingecko and CMC is because of financial interests. It is not part of the crypto industry at all actually.
Well, XRP does use Blockchain tech. Right? By definition, that makes it a cryptocurrency. Not to mention, XRP uses makes use of asymmetric cryptography. Same as Bitcoin and the others. What makes XRP different from BTC is the way the network is structured/organized. XRP is centralized, or rather, a permissioned network under the control of a corporation.
Neither of these websites lists privately run or corporate blockchains, of which there are many. Ripple is one of them and should not be there.

At the time of this writing, Ripple, Inc. holds most of XRP's supply. So anything from bankruptcy or a government crackdown, could endanger holders' funds in the long run. People don't see it now because they only focused on making money. As long as XRP keeps going to the moon, nothing else matters.
XRP price performance is terrible. Do you even know how to read a chart dumbass?
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Board Bitcoin Discussion
Re: How can you stay anonymous buying Bitcoin if you’re most likely using fiat?
by
Dogedegen
on 15/07/2025, 20:56:55 UTC
Quite a lot of people are sceptical about face to face trades, because of the risks that come with it, but that is the only way you can trade your money for bitcoin without linking it with your bank account or identity. If you must use face to face trade, remember to meet your counterparty in a public place and you can also go along with your friend; also ensure the trade doesn't happen anywhere near your home so you're not followed.
There are people who provide these services and have a long history and reputation. They are not going to risk their reputation over your small amount of money. That said a lot of people end up doing face to face trades with complete randoms and such deals have a high chance of going sour the more money is involved. It is best to look for established P2P traders and not engage with strangers if you can avoid it.
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Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Dogedegen
on 15/07/2025, 18:15:48 UTC
maybe not the stupidest people, but the most involved in mondialism.
Stupidest for sure. In another century they would be burning people alive for Bitcoinism.  Cheesy

El Salvador is becoming Switzerland for Bitcoin. Just as Switzerland is famous for gold, El Salvador will become like Switzerland for Bitcoin, meaning Nayeb Bukele has described El Salvador as the Switzerland for Bitcoin.
However, EL Salvador organized a workshop in Lugano, Switzerland, with 400 students in the category of PlanB-Network to train young people on Bitcoin, where a talented young man named Erickson Elias performed the best among 400 students. Seven talented young people were originally sent to introduce El Salvador's Bitcoin Strategic Reserve in Lugano, Switzerland.
The future for El Salvador looks very bright, but they still have a lot of work to do before they can reach prosperity. If the pace of progress continues, it can be radically different within a decade. The hardest part of the problem is already solved.
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Board Bitcoin Discussion
Re: what is next for bitcoin?
by
Dogedegen
on 15/07/2025, 16:38:54 UTC
What is next is the creation of a proper strategic reserve by a large country and more company treasuries. This is something that we have been waiting for for some time now.

Waiting for higher prices, right? If Bitcoin does not reach $150K this year, there is a possibility of a decline, but the optimistic scenario is still possible—it's just a matter of time.
Price movements are not that interesting compared to the events around them and those that are driving them.

This might very well happen but personally, I feel that this would once again shed light on Bitcoin to the global stage, and newer laws and crypto regulations may be imposed. Surely the government would want to have some sort of control over such a big digital currency (at least for the larger organizations dealing with business for less anonymity - the irony), and this could slow down its progress, depending on how large the effect is.

Just my 17 satoshis (as of today), I feel that Bitcoin would go through yet another wave of scrutinization, slowing down the climb, but we shall see. Smiley
No laws can control Bitcoin, so the countries that impose those laws will be the losers of this race.
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Board Trading Discussion
Re: How can you use ChatGPT for day trading
by
Dogedegen
on 15/07/2025, 15:58:10 UTC
But when it comes to trading, specifically in crypto or bitcoin, I'm not impressed because I think that bot trading,
in which is, in my opinion, not really profitable.
All the most professional traders from traditional and new finance are using automated tools, bots. Just because the average person is not able to profit with a bot, that does not mean it is not profitable. It means that the average person does not know how to trade, which is correct.
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Board Economics
Re: BYD - the new Evergrande, but in the automotive market ?
by
Dogedegen
on 15/07/2025, 15:56:57 UTC

China is the leader in many minerals that are needed in battery creation and leader in their processing, I am sure they are better positioned that any other country. You can observe their power when they threaten to limit rare metal exports, the west gets quite spooked.
Not entirely though, many of those minerals are imported and China build up the processing factories.
Most of those refinement factories could not exist in the 1st world.
Yes really. Unless you are talking about some individual things that are more common somewhere else like lithium.
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Topic
Board Speculation
Re: Bitcoin Bloodbath: Is the Bubble Finally Bursting?
by
Dogedegen
on 15/07/2025, 14:58:47 UTC
Yes, for fun, more than anything else. After beating AHTs there is always a dip in which many retail traders who buy at highs think if they have done wrong and more than one ends up selling at a loss.
I was not sure if you were serious or this was sarcasm. Make it a bit more obvious next time please. Anyway there are sufficient number of threads of this kind, and sadly some are made by people who are serious about it.

Then there is another topic about Peter Schiff someone recently created.

The more I say ignore him, the more topics about him you guys create.
Unfortunately this is true. It is best to avoid all zombie boomers that are spewing self-serving toxic bullshit, from Warren Buffet to Peter Schiff.
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Board Trading Discussion
Re: How can you use ChatGPT for day trading
by
Dogedegen
on 15/07/2025, 14:55:13 UTC
You can't. You can automate things probably but there are already better tools that are focused entirely on trading automation. Compared to them, ChatGPT will perform worse. These types of AI are prone to hallucination, you should in no circumstance use them for handling anything related to money.

Do professional traders rely on Chatgpt for large-scale, let alone daily, trades? I'm not sure, so I don't rely on this tool.
They don't, the risk is too large.
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Board Economics
Re: BYD - the new Evergrande, but in the automotive market ?
by
Dogedegen
on 15/07/2025, 00:02:24 UTC
As for the fall of it? I think it will be related to the minerals that are just limited for the battery creation. But that might take time as China has got a lot of friends if it's about these natural resources needed in producing these BYD and other chinese brand of cars. Tariffs will certainly impact that a lot but they don't care about for the likes of US, they won't just go into their market unless there's a strong demand there. I am seeing this brand of car in the road everyday and it's got a strong sales here in the Philippines. But if God blesses me with some extra money I am not yet sure if this is the kind of car that I'll purchase.
China is the leader in many minerals that are needed in battery creation and leader in their processing, I am sure they are better positioned that any other country.
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Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Dogedegen
on 14/07/2025, 23:40:15 UTC
Democrat Senators Want El Salvador Sanctioned, BTC Tracked


US senators have demanded sanctions against El Salvador for a variety of corruption-related activities, including increasing El Salvador's strategic reserve on Bitcoin, monopolistic Bitcoin purchases, corruption, embezzlement of government funds, and more.
"The Bill" is mentioned in the Accountability Act of 2025 and asks for clarification on how El Salvador is using Bitcoin and the source of this Bitcoin purchase and who owns and has access to it, and has already requested that the US government clarify this.
However, the President of El Salvador has responded to the bill with many words and harsh criticism, describing it as a "salty bill" and "ridiculous" and stating that the bill was created to achieve a political objective and that accusations have been made against it.
https://x.com/BitcoinNewsCom/status/1944516416440578219?t=xaWzzfTWHXZSpKP_dul9UQ&s=09
Democrats and the people who support them are some of the stupidest humans alive today. What has this got to do with America? It is a sovereign country with its own goals, decisions and issues. Why aren't they pursuing corruption and embezzlement in their innocent neighbors Mexico and Canada instead?  Roll Eyes
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Board Bitcoin Discussion
Re: Bitcoin vs centralized Coins like Ripple
by
Dogedegen
on 14/07/2025, 23:38:00 UTC
At the time of this writing, XRP has many fans. It might reach new ATHs if momentum continues to increase. There are now talks of adding smart contracts into the XRP Ledger (CTO David Schwarz said so), so you can see where this is heading to. Centralized "shitcoins" will continue to take the spotlight, while truly-decentralized coins are left behind in the dust (except Bitcoin). Many things can happen in the future. Better be prepared for the worse, just in case.
After the lawsuit between them and the SEC ended, they became stronger than ever and whether we like it or not, the truth is that XRP is becoming a giant of the crypto industry. They are growing by connecting with governments, banks...and I wouldn't be surprised to see an XRP ETF launch this year or hit new ATHs.
Ripple is not a cryptocurrency in any traditional sense, it is a centralized digital coin that is operated by a centralized company. It is completely different than Bitcoin or most altcoins. The reason that you find it at all on Coingecko and CMC is because of financial interests. It is not part of the crypto industry at all actually.
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Board Service Discussion (Altcoins)
Re: PI Network! A huge trap[Warning!]
by
Dogedegen
on 14/07/2025, 23:36:30 UTC
Undoubtedly, few would think that the distribution of this mega airdrop would drag on for more than three years, which is how long it will take at the current rate of token distribution by Core Team, which is blatantly manipulating the price, withholding the tokens they promised to deliver on Open Mainnet, which was five months ago, on February 20th.

They are delaying the token distribution to try to keep the price at a certain level, rather than having delivered all the tokens and letting the market decide the price.
But this way, they wouldn't be able to raise the money they are making from the sales.
Airdrop manipulations are usually just a big red flag. If there was genuine interest and demand for this shitcoin, there would be no need to have such manipulations. They know that pretty much everyone who received the airdrop will dump this shitcoin, and to suppress the price from dumping they manipulate the distribution. Three years in crypto is a very long time, and a project can practically become obsolete within this time. I think many people will be disappointed with the amount that they get in the end.
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Board Economics
Re: BYD - the new Evergrande, but in the automotive market ?
by
Dogedegen
on 14/07/2025, 23:33:51 UTC
Overproduction is the main problem facing the Chinese economy as a whole, and the automotive industry in particular. An export-oriented economy cannot survive without comfortable sales markets. The domestic market is oversaturated, and the European market is closing due to tariffs...
That is just not true. BYD could compete with European over-managed and overpriced trash cars even with tariffs of 500% which are never going to happen, as China will retaliate. European manufacturers losing access to China hurts them more than chinese manufacturers losing access to Europe.

"Huge discounts are no longer helping: car stocks are growing, BYD is cutting shifts and slowing down production
The BYD brand has sold 1,151,919 cars in China since the beginning of the year
China's largest car manufacturer BYD is slowing down production in China due to growing stocks.
Adjusting production to lower demand is a sign of collapse if we are talking about BYD, but a sign of proper management if we are talking about a western company?  Roll Eyes
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Board Bitcoin Discussion
Re: first half of the year done... bitcoin dominates
by
Dogedegen
on 02/07/2025, 17:54:42 UTC
Looking at the charts the past 6 months were pretty good for bitcoin. It has performed really well when compared to other assets.
Looking at the charts since Bitcoin was created, Bitcoin has performed better than any shitcoins. Shitcoins are a casino and cause numerous people to lose money all the time.


People were saying that altcoin season is going to arrive soon but I guess that's not happening this time.
May be a slight increase in their prices because of increase in price of bitcoin but otherwise I guess they are done.
From my speculation, I think bitcoin will continue to soar in price and will create a new ATH in the next 6 months followed by a correction phase.
[/quote]
I think that Bitcoin will continue to dominate and more failed altcoiners will continue to leave or they will become Bitcoin maximalists.
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Board Beginners & Help
Re: It's Never About Being Early, It's About Being Ready
by
Dogedegen
on 02/07/2025, 17:48:01 UTC
Being early doesn't matter if you are not ready.
I don't know if you are referring to early investment in altcoins or in Bitcoin. Early investment in Bitcoin yield better profits than investing today, we all wish we had the opportunity of buying Bitcoin when it was very low as of worth in cents instead of today when the price is worth $100K, being early comes in two ways: for altcoins investment nobody knows the worth until the market pumps while Bitcoin investment is something we know to do better in each interval of four years. Buying Bitcoin today is far better than buying with the same amount in the next four years.
You didn't understand the topic. Plenty of people saw Bitcoin when it was very cheap, and they dismissed it because they were not ready. Now others are also wasting time in shitcoins because they are still not ready for Bitcoin.
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Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Dogedegen
on 02/07/2025, 17:41:35 UTC
El Salvador has been purchasing one bitcoin per day from its strategic reserve of bitcoins, Currently, El Salvador has 6,224 Bitcoins in its Bitcoin strategic reserve. El Salvador is the only Bitcoin-approved country in the world, and is constantly organizing various research programs and educational activities on Bitcoin. The CUBO education program, the Robot Law, and Bitcoin are the most important steps taken. But at some point, the whole world will consider El Salvador an Idol City.
My full understanding is that this reflects the type of savings continuity practice under their political figure leadership.
I know many observers have commented that because personal purchases in this country are so small, they never have an impact on Bitcoin liquidity but the consistency with which they are practicing is certainly enough to support a major symbolic effect. You have made ample statements that they are organizing various research programs and educational activities on Bitcoin, in addition the Robot Law and Bitcoin are among the most notable programs that have created a stir.

By the way this country may not trust various programs because they have already prepared a secure cold wallet system to protect their assets from possible cyber attacks maybe in this case they won't compromise on anything.
It does have an impact on liquidity. The impact is going to show in a stronger way as time passes. The important thing here is that a country is buying consistently and plans on holding it long term or maybe forever. If their economy improves a lot, they could increase their purchasing. On the other hand, other countries could join this eventually too.
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Board Economics
Re: Difference between poor and rich behavior
by
Dogedegen
on 02/07/2025, 17:38:35 UTC
Poor people are big heart people because they don't try to save money and always try to spend all money which they have. They don't have long term plans and always try to eat more. But rich people have money for investment and they are doing investments again and again because they have excess money and always think about how to double this money. Rich people don't work because they have passive income and in result their health is damaged and they are encountered by many diseases and in comparison poor people are healthy people because they have best routine of life.Poor people always try to work and they are doing hard work but they are getting less money which is very bad for them.
Bad behavior and a lack of discipline are not things that are about big hearts. Spending all your money is simply bad behavior.

Mentality is something which is that very powerful because if you dont know on what you've been that dealing into then you wont be that having that kind of movement. If you do push through on trying out to become rich then you should be acting out that trying out to execute those plans. It all matters about choices and on the actions that you are taking into so that you would be finding yourself having those kind of chances of such changed.
Instead of educating themselves and working hard, most working class people are just slacking before and after work. The problem is each person individually. Your socioeconomic status is not important, it just happens that this is often a sign of average people and most of them are poor or working class as these are the largest groups.
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Board Beginners & Help
Re: It's Never About Being Early, It's About Being Ready
by
Dogedegen
on 02/07/2025, 15:29:28 UTC
When I first entered into the crypto space, I used to look down on myself, I mean anytime I look at most of my friends and agemate already making it in the space and doing well for themselves.
But over time I realized something very important which is Being early doesn't matter if you are not ready.
Being early on its own is entirely without usefulness. Many people saw Bitcoin early, but dismissed it because they were not ready. Plenty of those people still post bad things about Bitcoin because they refuse to admit just how badly wrong they have been. Further as we are seeing now with altcoins, plenty of people are going to get a hard lesson of being early in a shitcoin does not make you a winner. They were not ready for Bitcoin, so they went the shitcoin route instead.

In the web3 world being early means a lot either you are not ready for the info or what. So theres some things being early will always be advantage at some point.
Most of web3 is complete marketing garbage though. It brings very little real benefits.
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Board Trading Discussion
Re: Unlucky trader ‘qwatio’ liquidated 8 times in a week, loses $12.5M
by
Dogedegen
on 02/07/2025, 15:02:28 UTC
I think few people have followed the link provided by the OP and read the entire article. It contains many interesting facts that reveal the identity of another unsuccessful trader. One of these is that at the end of May, Wynn lost almost $100 million in liquidations. And the longs he opened with a leverage of x50 brought him a profit of more than $ 10 million in March.
Weak minds tend to be corrupted by success. In the case of Wynn, he thought that he had a gift or skills after he made big money. Once the success gets to your ego, everything goes downhill from that. This is the opposite of how you should behave. If you manage to win big, take the win humbly and thank providence for your luck. Afterwards, never engage in any risky behavior of any kind. Trading, gambling, and such things. This is how you maintain your wealth and improve yourself.

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Board Economics
Re: Why is the ECB lowering rates but the FED isn't?
by
Dogedegen
on 02/07/2025, 14:57:14 UTC
]
Tariffs, which are actually a tax on every American citizen
Stop repeating this bullshit about tariffs. If they are so bad, why don't other countries lower their tariffs on American products to 0%? If democrats increased tariffs you would see most of media spinning it as the best economic policy in the last 20 years, and you would repeat their bullshit as a well behaving NPC.

Seems Powell is having an alpha male competition with Trump. He doesn’t think rates need lowering, Trump does. We will see who blinks first but I read Trump is exploring possibilities to relieve Powell from his duties. Historically the FED always seems to act too late. I think Powell should cut rates, it will make life cheaper for Americans.
I find it very strange that Powell would nurture the thought of opposing Trump when Trump can easily replace him. The job of the Fed is supposed to be in line with the government of the day so why will the Fed refuse to lower rates when the government wants the rates lowerred? I know that Trump will not allow Powell thwart his economic policies so Powell's days may be numbered.
The only thing keeping Powell in his position is the economic incentives. He's not gonna get his job back in 2026, so he is leaving one way or another. However, he can cause republicans harm with his behavior which is exactly what is going on. I love how random people comment on these matters as economic experts, when most of the information that they have ingested about this are partisan lies.  Cheesy