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Showing 20 of 1,451 results by hello_good_sir
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Board Altcoin Discussion
Re: Which cryptocurrencies have the lowest transaction fees?
by
hello_good_sir
on 09/01/2022, 22:12:50 UTC
Quote from: Gudhal Untu on Today at 03:31:17 PM
When bitcoin and ETH transaction fees are very expensive then the best way is to switch to low cost coins, and in my opinion TRON and MATIC are 2 coins with very low fees, even to send TRON with TRON Link transaction fees is 0 or free.

MATIC wins out over TRON if you are tossing up between the two options.

If you are purely looking to transact value, I've iterated this before but I'll say it again - IOTA/Nano is the clear winner because they allow you to send funds for literally no fee whatsoever.

But if you are looking for DeFi applications, MATIC wins because it has a lot of DeFi protocols within its ecosystem and they had huge incentives to attract liquidity. TRON is archaic in this manner.
Post
Topic
Board Altcoin Discussion
Re: Buy the dip or keep waiting?
by
hello_good_sir
on 09/01/2022, 22:09:09 UTC
Quote from: Jds1990 on January 08, 2022, 07:17:27 PM
Hi all,

Fairly new to crypto so I am by no means an expert but I want to use this current market to increase my portfolio while prices are low.

This time last week I was reading articles and watching youtube videos saying how certain coins were a great price and could 5x 10x or even 20x this year, so surely now is a good time buy?

I am investing in crypto to hold long term so I am not panicking at all about the money I have invested so far and will not sell anything. I just want to buy when prices are low and hold when then start rising again.

I am just wondering what everyone else is doing at the moment? Are you buying now or do you feel the market is only going to keep falling over the next few weeks/months and we should wait a while longer?

Why is this is an either/or situation? Because it really isn't.

You can start accumulating now without jumping in with all of your fiat capital all at once.

It's called dollar cost averaging and it is so powerful because it acknowledges that you cannot time the bottom with any degree of certainty. Instead, when you know that sentiment is bearish, start accumulating on a regular basis so your average buy price is relatively low compared to when the bull run happens.

Accumulate good quality blue chip coins like ETH, SOL, ADA though. Don't buy into low-cap alts for the moment.
Post
Topic
Board Altcoin Discussion
Re: Advice on what to consider when making an investment ?
by
hello_good_sir
on 09/01/2022, 21:46:19 UTC
Quote from: SEB... on January 08, 2022, 08:48:41 AM
What's up guys, I am relatively new to the crypto world and although I've read a lot and watched countless videos on crypto and how to do your own research, I was wondering what are the most important aspects of a project, and what are the most important factors and things to look for. If you could give me some advice on the resources you guys use that would be really great. I was also wondering if someone could explain to me what is a vesting schedule and what a good token distribution looks like vs a bad one.

Had a few pieces of advice that pretty much will apply to any investment in the crypto space:

1. Look at the initial distribution.

Was there a huge premine that goes to some sort of centralized foundation? That shouldn't be a dealbreaker, but if the foundation is not doing anything with the funds and just holding onto billions of dollars of tokens, then that becomes an issue.

2. Look at community engagement. Has there been active discussion on Reddit/Discord?

3. Look at the devs/team. Are they known previously? Are they anonymous? Not any one of these metrics should be used to be the deciding factor, but too many negatives would ring alarm bells for me.
Post
Topic
Board Gambling discussion
Re: Don't bet more than you can afford to lose.
by
hello_good_sir
on 09/01/2022, 21:30:41 UTC
Quote from: madnessteat on Today at 07:48:17 PM
Personally, I believe that if a person spends no more than $100 a month on gambling is the first sign that he does not have a gambling addiction and is quite able to control their budget. It happens that I spend $200 on gambling but I always split this amount into two different deposits and do not allow myself to spend more than $100 per day.

I think that is way too much unless your monthly income is $10k+.

You shouldn't allocate more than 5% of your income to gambling. You should treat it as an expense because you are mathematically guaranteed to lose it all given that you play with the funds for long enough.

Would you spend $200 a month on movie tickets?

Probably not.

Have the right mindset.
Post
Topic
Board Speculation
Re: [POLL] Will Bitcoin dip below $40K?
by
hello_good_sir
on 09/01/2022, 21:21:39 UTC
Yes in my opinion.

Historically bitcoin bear markets have seen drawdowns of 60-70% from the peak of the market cycle, so right now I think that there is still some way to go.

It would be very wise, however, for anyone looking to get into crypto for the long run to get in at a price below $40k. You have very little downside but tons of upside potential, and the next halving cycle is just 4 years away.
Post
Topic
Board Speculation (Altcoins)
Re: Do you know any meme coin that could be shiba or doge?
by
hello_good_sir
on 08/01/2022, 20:58:38 UTC
Quote from: JahriMeayer on December 16, 2021, 06:48:43 PM
Meme coin is risky investment. Don’t have any use, no future. It can end up with scams even you could lost your whole fund if you don't know handle your profit or loss. but lots of people also made a decent profit from it. It Isn't possible to guess which meme coin would do well in long run as shiba or doge. But Do you know any meme coin that will be worthy in upcoming days and could be shiba or doge or become valuable? Leave your opinion

Let me start by saying that I don't think that it's a great idea to put money into meme coins right now.

When a bear market starts, people generally flock to safer investments such as BTC and ETH which have stood the test of time. The risky assets that were the darlings of the bull run will not perform as well as they have during that period of bullishness.

But if you were really looking for one, I'd say Floki Inu has some potential as it has influencer backing. Don't touch the other ones.
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Topic
Board Speculation (Altcoins)
Re: What makes mataverse coins stand out?
by
hello_good_sir
on 08/01/2022, 20:53:22 UTC
This is just one year.

Metaverse was the buzzword for 2021, but I think that as we move forward, more people will realize that metaverses are completely impractical and as a result will see very little adoption / have very little value.

A lot of the coins that was listed have no direct link to metaverses either, e.g. FTM and SOL are more known for DeFi applications rather than metaverse technology. But I'd say watch for a pullback in this space very soon.
Post
Topic
Board Speculation (Altcoins)
Re: Which one has a Ethereum-like potential?
by
hello_good_sir
on 08/01/2022, 20:22:27 UTC
Quote from: hack3rcon on January 03, 2022, 10:13:25 AM
Hello,
Which one of the following coins has a Ethereum-like potential:

1- Terra
2- Avalanche
3- Polygon
4- Moonriver


Thank you.

I think out of everything here, Avalanche probably has the most potential.

The Terra ecosystem is very interesting but I don't think that it's going to go anywhere in the long term, there are simply way better alternatives out there that are up and coming.

Polygon is a good short term scaling solution for ETH but at the end of the day the Layer 1 ETH network has to be scaled itself for Ethereum to succeed, so as soon as ETH2.0 rolls around I think that MATIC will take a big hit.
Post
Topic
Board Gambling discussion
Re: 2022 NBA Season
by
hello_good_sir
on 08/01/2022, 19:49:39 UTC
Quote from: ILuckyGuyI on Today at 06:08:15 PM
I really don't like to see that Lebron James has to carry the team to victories most of the time. He should already have left those days behind from now on. And as far as I know, he doesn't want to continue to do this too. He wants his team to build a team which consist highly capable players to take the load off of his shoulders. But Lakers did the opposite for this season. And last night, we saw another example that Lebron carried the team. Lakers just can't go on like this to the end. They could have big problems in the playoff stage.

Yeah exactly.

And I believe that Lakers have one of the toughest schedules remaining going ahead in the NBA season, so that certainly does not help either.

LeBron in Year 19 should not have to average career numbers in order to just win games.

But I guess that is what the Lakers signed up to when they signed AD and Westbrook - they can work great when hot, but when they don't work, it's either going to be AD out for injuries or Russ making braindead moves which does not help.
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Topic
Board Gambling discussion
Re: What will be the next big industry move?
by
hello_good_sir
on 08/01/2022, 19:31:14 UTC
Quote from: btc78 on January 07, 2022, 06:33:17 AM
Online casino Boomed more because of Pandemic , people tend to gamble daily has no choice but to play thru online and now they love paying it.
But we do not know  what will change once the Corona Virus totally died if the Reality gamblers will return in their seats inside casino houses, or will remain in their Houses and plays using crypto.
But yes VR is a innovation of gambling business strategy and we knew that gamblers always tend to find new experience so indeed this VR gaming will soon boom .

Doubt it.

The whole idea of VR/metaverse gaming has been overhyped in my opinion.

The real innovation is going to come from mostly centralized sources and they are not going to be decentralized just because of how prohibitively high the fees are right now to make transactions on most blockchains.

Plus, do you really think that gamblers have the patience to set up their own wallet etc. and wait for transaction confirmations each time just to play?
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Topic
Board Economics
Re: Only 3 hedge funds outperformed the S&P in 2021
by
hello_good_sir
on 07/01/2022, 23:20:20 UTC
Quote from: Hydrogen on Today at 07:31:53 PM
The hedge fund format could be a bad indicator for gauging average investor performance. I think hedge fund managers are very limited and restricted with their trading. They must buy and sell assets at inopportune times to accommodate clients depositing and withdrawing funds. This is one reason their historical returns are typically less than 5% annually. Which is a very low return on investment (ROI). Hedge funds also tend to play it safe as they trade with large sums of other peoples money.

Day traders do better than hedge fund traders. Crypto traders do better. Everyone does better than hedge funds on average.

The hedge fund statistic is where to look to find asset traders with the lowest average return on investment.

Any sources on these claims?

There are great hedge funds that outperform in the long run, like Rennaisance Technologies managed by Jim Simons.

But the vast majority just return market returns over the long run before-fees and therefore below market returns after-fees. The hedge fund format is definitely outdated and needs to include more asset classes than just the traditional long-short equity-bond portfolio, but I don't think that day traders can do better than them on an after-fee basis in the long term either.
Post
Topic
Board Economics
Re: COVID has driven Americans to bank $1.6 TRILLION in savings
by
hello_good_sir
on 07/01/2022, 22:16:19 UTC
Almost all of the savings will quickly dissipate as spending within the economy in the next year.

I'm honestly not sure what Powell is thinking with QE, it's just not going to work alongside rampant inflation and probably will achieve the opposite effect given that markets generally tank whenever there are rumors that inflation will edge higher in the next quarter.

But this is precisely the reason why we need more than one central party in control of the money supply. $1.6 trillion is no joke and money supply keeps going up. Most of this just ends up in the pockets of the wealthy.
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Topic
Board Economics
Re: Are Banks afraid of Crypto adoption?
by
hello_good_sir
on 07/01/2022, 21:53:36 UTC
Oh yes.

Just ring your bank and ask them about a crypto purchase that you are going to undertake. See their reaction and you'll understand that they are fearful of the change.

I think though that a lot of bank employees are conditioned by the higher-ups to see cryptos as some sort of threat, and they just take it on blindly because they don't really understand the technology that is underlying bitcoin and other decentralized currencies. If more education is given to these people about this matter, their attitudes could seriously change.
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Topic
Board Gambling discussion
Re: Don't bet more than you can afford to lose.
by
hello_good_sir
on 07/01/2022, 21:40:59 UTC
Quote from: stadus on January 05, 2022, 11:46:59 AM
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

Probably <$50.

It honestly depends on where you live and what your expenses are, though.

If you live in a super cheap country with insanely low living expenses you may be able to get away with playing with $100-200 per month, whereas if you live somewhere that is a bit more expensive you may not want to set aside anything for entertainment at all.

I also don't think that it's healthy to set a steady budget for gambling each month. Have a cap on your gaming volume but don't necessarily commit funds to it regularly.
Post
Topic
Board Gambling discussion
Re: Don't bet more than you can afford to lose.
by
hello_good_sir
on 07/01/2022, 21:37:30 UTC
Quote from: stadus on January 05, 2022, 11:46:59 AM
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

Probably <$50.

It honestly depends on where you live and what your expenses are, though.

If you live in a super cheap country with insanely low living expenses you may be able to get away with playing with $100-200 per month, whereas if you live somewhere that is a bit more expensive you may not want to set aside anything for entertainment at all.

I also don't think that it's healthy to set a steady budget for gambling each month. Have a cap on your gaming volume but don't necessarily commit funds to it regularly.
Post
Topic
Board Gambling discussion
Re: Big Wins of 2021 ($550,000+)
by
hello_good_sir
on 07/01/2022, 21:34:57 UTC
Wow, these are certainly some really good wins!

I'm really curious about what method you use to generate these wins, and whether you are up on the year in aggregate?

Also, as a highroller do you find that Stake offers reasonable odds most of the time for you to bet on?

Because a lot of people I know would rather get much better odds on betting exchanges instead of going on a centralized platform like Stake.
Post
Topic
Board Speculation (Altcoins)
Re: Have we opened the bear season?
by
hello_good_sir
on 06/01/2022, 23:59:16 UTC
I personally believe so.

I think that the markets have turned bearish
Post
Topic
Board Gambling
Re: 🔥 The Bitcarra 2021 Launch Party 🔥|🎲 AMAZING Bonuses & Rewards 💰|
by
hello_good_sir
on 06/01/2022, 23:55:23 UTC
Quote from: bering on Today at 01:24:24 PM
Several days ago i received the email from bitcarra team and it was related with the surveys regarding their service with 1500 CT as the prize and i have questions here whether those prizes for each participants or the prize selected randomly to get the winner and if so what dates the winner will be picked and can 1500 CT convert to usdt without wagering requirement

I don't believe that CTs can be converted to cash without wagering...?

Someone correct me if I'm wrong, but from what I've gathered from this thread and from their site it seems like that CT are simply representative of "potential" withdrawal power like when you get a bonus, just in a tokenized form.

I hope they can change this system since it's so confusing right now, but ultimately of course it is up to the management of Bitcarra to make these calls. Just my two cents.
Post
Topic
Board Speculation
Re: New year new speculation
by
hello_good_sir
on 06/01/2022, 23:49:36 UTC
I'm expecting there to be a significant pullback (which is happening right now, as we speak).

People have gotten way too over-optimistic about the crypto market, and the whole crypto space is quite overleveraged right now in my opinion. BTC I'm expecting to retrace under $40k before any significant bounce.

Plus, the halving cycle would suggest that the timing is also not the best for this coming year to be a bull market - usually we have a bull cycle end around 2 years after the halving (2020).
Post
Topic
Board Economics
Re: What's your opinion of the insurance industry?
by
hello_good_sir
on 06/01/2022, 23:44:36 UTC
DAO will definitely be the solution in my opinion.

There are so many insurance frauds in recent days and decentralizing the whole industry just makes a lot more sense to ensure that fraud is kept to a minimum and any insurance claims are processed in a fair and reasonable manner.

Although, there needs to be a good protocol that comes out that allows this to occur, because security of funds is definitely one of the foremost concerns on everyone's mind when participating in a DAO of this nature.