ask me any thing ,crypto currencies / finance / !

[Jungibaaz]

Would love to invest more, but what’s PKR outlook looking like in the 1-2 year term? I personally don’t see much more devaluation, but I’m not sure either where it will settle.

 

[blueazure]

i dont keep cash in pkr at all . i keep in USD or cryptos .

i see pkr settling around 145-140 in a year . growth to pick momentum in a year also .

for now, its slow

 

[xyxmt]

hi ,

ask me anything regarding investing, trading, crypto currencies , etc .

i invest ,trade in stocks, cryptos, some real estate here and there

i believe there is a lack of awareness among people regarding financial education and investing in general .

no universities( not even harvard) teach real financial education and investing strategies , which i believe is a must study if you want to achieve financial independence. ( my goal)

more so , mainstream media will never tell you the inside working , real knowledge of financial industry


ask me anything , post a question, and i will answer to the best of knowledge and experience ( im a person who has made and lost his OWN money , LOL ) , and as they say , experience is the best teacher , so im open to share it with you guys so you dont make the same mistakes i did !

what determines the value of cryptocurrency? can I start mining my own bit coins?

 

[blueazure]

what determines the value of cryptocurrency? can I start mining my own bit coins?

nothing has inherent value . even gold has no value . its a worthless metal that is soft , cant be used in metallurgy, too expensive to use a conductor , its value comes from its scarcity and the effort it takes to 'mine' it . the PROOF OF WORK !

value is simply a proposition that assigns 'importance ' or 'ownership' to an asset class .

value comes from demand . people ask for something and if that asset class is ' scarce ' , it will start getting a 'value' .

value of crypto currency is determined from order books of exchange markets all over the world . demand and supply basically .

no , mining bitcoin is pointless now,. the difficulty algorithm is too high and you would need specialized 6nm ASIC chips + cheap electricity . only specialized mining farms do it now .

you are better off buying bitcoin and trading it

 

[newb3e]

Moon when saarrr!

 

[ARMalik]

no DHA is as hot as DHA lahore

Thanks blueazure. My reason for not going with Lahore was due to the fact that if there is a war with india, there will be massive problems with Lahore. Anyways, which DHA areas do you recommend in Lahore? My aim is to hold for 2 years and sell. Thanks in advance for your answer.

 

[xyxmt]

nothing has inherent value . even gold has no value . its a worthless metal that is soft , cant be used in metallurgy, too expensive to use a conductor , its value comes from its scarcity and the effort it takes to 'mine' it . the PROOF OF WORK !

value is simply a proposition that assigns 'importance ' or 'ownership' to an asset class .

value comes from demand . people ask for something and if that asset class is ' scarce ' , it will start getting a 'value' .

value of crypto currency is determined from order books of exchange markets all over the world . demand and supply basically .

no , mining bitcoin is pointless now,. the difficulty algorithm is too high and you would need specialized 6nm ASIC chips + cheap electricity . only specialized mining farms do it now .

you are better off buying bitcoin and trading it

Only difference is having Gold is having something physical, Gold has some qualities that makes it valuable, if nothing else just having Gold jewelry is enough for it to have high value because every woman wants Gold Jewelry and there not enough of it. as far a bitcoin goes, just because I spent x amount of electricity and spent endless hours running an algorithm to make a currency that is there somewhere which no one can see does not justify putting a value on that imaginary something.

2nd point about myself mining bitcoin was not about feasibility but about the authority who can mine a bitcoin. If I have 10 million dollars to built a small hydro electric dam and buy a 6nm ASIC chip then I am able to mine as much bitcoin as I wish...who gives me the authority, who will back my bitcoin with something physical as governments do with good old "I owe you" paper money.

I may be stupid but this whole thing does not make sense to me.

 

[blueazure]

Moon when saarrr!

from jan 2020 to summer 2020

Thanks blueazure. My reason for not going with Lahore was due to the fact that if there is a war with india, there will be massive problems with Lahore. Anyways, which DHA areas do you recommend in Lahore? My aim is to hold for 2 years and sell. Thanks in advance for your answer.

1 . war with india on intl border= low probability ( my sources in army tell me a short war in kashmir is more likely )

2. DHA lahore Phase 8 , ivy green sector Z .. buy there . leave the rest ,. guaranteed 2 - 2.5x price rise in two years . reason, possession about to be given in 6 months

Only difference is having Gold is having something physical, Gold has some qualities that makes it valuable, if nothing else just having Gold jewelry is enough for it to have high value because every woman wants Gold Jewelry and there not enough of it. as far a bitcoin goes, just because I spent x amount of electricity and spent endless hours running an algorithm to make a currency that is there somewhere which no one can see does not justify putting a value on that imaginary something.

2nd point about myself mining bitcoin was not about feasibility but about the authority who can mine a bitcoin. If I have 10 million dollars to built a small hydro electric dam and buy a 6nm ASIC chip then I am able to mine as much bitcoin as I wish...who gives me the authority, who will back my bitcoin with something physical as governments do with good old "I owe you" paper money.

I may be stupid but this whole thing does not make sense to me.

1. you want to pay someone in gold, sitting in moscow,. you have to pay 1 million USD . how will you 'send' gold to moscow ? how will u ' divide' and cut the gold bars ?

2. bitcoin mining = proof of work by burning electricity

gold mining = proof of work by digging land

btc = hard code decentralized algo

gold = physical manifestation

i will take btc any day over gold


3 . you can move to texas and start a mine operation there . elec is near free there thanks to plenty of wind power . you can move to siberia . same conditions

i still wont recommend mining though . with block halving in may2020 and a danger of btc price collapse , your mining rigs of 6nm ASIC chips would be worthless .


i cannot convince you on the logic of cryptocurrencies . you have to study yourself . but fact is, crypto currencies are here to stay and the world is now building their ' next ' infrastructure on them

 

[newb3e]

from jan 2020 to summer 2020

haha been waiting for 2 years now!

crypto is bs!

 

[xyxmt]

1. you want to pay someone in gold, sitting in moscow,. you have to pay 1 million USD . how will you 'send' gold to moscow ? how will u ' divide' and cut the gold bars ?

2. bitcoin mining = proof of work by burning electricity

gold mining = proof of work by digging land

btc = hard code decentralized algo

gold = physical manifestation

i will take btc any day over gold


3 . you can move to texas and start a mine operation there . elec is near free there thanks to plenty of wind power . you can move to siberia . same conditions

i still wont recommend mining though . with block halving in may2020 and a danger of btc price collapse , your mining rigs of 6nm ASIC chips would be worthless .


i cannot convince you on the logic of cryptocurrencies . you have to study yourself . but fact is, crypto currencies are here to stay and the world is now building their ' next ' infrastructure on them

no i wont pay in Gold, I will thru electronic transfer in seconds.
my hesitation is about how does crypto currency gets its value if anyone can mine it and there is no one authority to back it up. How can a currency that went from $1 to $10,000 any reliable.

 

[blueazure]

no i wont pay in Gold, I will thru electronic transfer in seconds.
my hesitation is about how does crypto currency gets its value if anyone can mine it and there is no one authority to back it up. How can a currency that went from $1 to $10,000 any reliable.

order book of exchanges all over the world determine the value of bitcoin .

bitfinex, kraken, binance and dozens of other exchanges are running 24/ 7 and people are placing buy/sell bids .

where these bids match , bitcoin gets a 'spot' value

not everyone can mine bitcoin . its difficulty algorithm is too high now for any home miner

 

[On the Edge]

1. which stock market do you want to invest in ? PSX ? Dow jones ? FTSE ?

2 . once you tell me answer to question 1, i can reply ?



no , i dont mine any cryptocurrency, the days of mining ( harvesting ) coins at home are over.

i only trade BTC, ETH, XRP, BCH , i buy sell them at arbitrage and help businesses to integrate them in their payment structures



no one can predict the future

no one has a crystal ball

-------------
but


point is, there will be only 21 million bitcoins , ever. its a hard supply cap . so in the longer run, price will only go up , generic trend is up . so as usage spreads and paper currencies get weak over time ( due to excess printing ) , bitcoin price will gradually nudge up

( see the bitcoin price chart here) https://coinmarketcap.com/currencies/bitcoin/

excellent initiative by you,
you mentioned, 'as usage spreads'
are there any number proofs that the usage is rising?

 

[ARMalik]

from jan 2020 to summer 2020



1 . war with india on intl border= low probability ( my sources in army tell me a short war in kashmir is more likely )

2. DHA lahore Phase 8 , ivy green sector Z .. buy there . leave the rest ,. guaranteed 2 - 2.5x price rise in two years . reason, possession about to be given in 6 months

Thanks for the recommendation. A 5-Marla plot in phase-8 is around 50 Lacs. Is that your understanding as well? If it is correct, then this equates to around $50,000 Australian. I would love to investment but I don't trust in too much investments in Pakistan at the moment. The situation in the country is unstable. I am looking for around 25 to 30 lacs maybe. Which DHA do you recommend? I believe there are other DHA phases going for much cheaper.
Also there appears to be a DHA in Quetta just starting. What do you think about investing here?

 

[blueazure]

Thanks for the recommendation. A 5-Marla plot in phase-8 is around 50 Lacs. Is that your understanding as well? If it is correct, then this equates to around $50,000 Australian. I would love to investment but I don't trust in too much investments in Pakistan at the moment. The situation in the country is unstable. I am looking for around 25 to 30 lacs maybe. Which DHA do you recommend? I believe there are other DHA phases going for much cheaper.
Also there appears to be a DHA in Quetta just starting. What do you think about investing here?

phase 8 DHA is huge. if you can move a little further to ph8 z block IVy green, you can even find 5 marla for around 35-38 lac range

good location in ph8 , 5 marla = 45 lac

50 lac mei to bht acha 5 marla k aa jaey ga


pakistan is getting stable , i dont think your should worry that much .


go for dha lahore ph 8 ivy green , you can find something there in your range

DHA queeta is good. but too far . plus, queeta isnt safe security wise . too aloof, too alien

excellent initiative by you,
you mentioned, 'as usage spreads'
are there any number proofs that the usage is rising?

thank you . i believe financial education ( real one ) is must if you want to live a happy life



crypto usage ( and its tracking) is very easy to see.

first and foremost is blockchain wallet creation analytics

https://www.blockchain.com/explorer

https://explorer.bitcoin.com/bch

since blockchain is open to all for inspect , tracking number of new wallets is simple . since 2010, number of wallets is increasing steadily ( and rises exponentially in bull markets ) .

more wallets being created daily =more people getting onboard


second analytics is number of on-chain transactions (ie how much 'value' is being transferred on block chain )

https://bitinfocharts.com/

as you can see from this link , transactions / day of all major blockchains like ether, bch and xrp is steadily increasing

a final tool to see crypto interest and usage is social media mentions and google search result analytics of typical words like ' bitcoin ' , 'block chain ' and ' crypto' etc .

 

[ARMalik]

phase 8 DHA is huge. if you can move a little further to ph8 z block IVy green, you can even find 5 marla for around 35-38 lac range

Thanks Blueazure. Are there any special reasons why you think Phase-8 z block Ivy green will increase or double its value in 2 to 3 years?