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1161  Bitcoin / Bitcoin Discussion / Re: Why would one pay $7K for Bitcoin if he/she can get the same thing for $0.001? on: December 05, 2019, 12:17:59 PM
Why one purchases bitcoin instead of altcoins which is comparably lower in market price? Because bitcoin is not the the same cryptocurrency compared to those with lower price. The fact is yes, they can be use for transactions, but the difference is that, they cannot have the opportunity that bitcoin is providing to people which in fact, returns greater ROI because of huge volatility where other crypto could is trying their best to be at that state.
But we should consider the high risks in dealing with altcoins since as we know a lot of altcoins are come and go. When you invest in Bitcoin, it is much less risk since there is a massive volume in the market backing it unlike some altcoins out there. A lot of people been saying that Bitcoin’s price is high right now to enter and expect massive returns but the thing is that Bitcoin’s price surpasses its current prices much greater than what it was. Not investing now in Bitcoin would be much too late than doing it later on.
1162  Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies? on: December 04, 2019, 04:24:49 PM
In actuality, some are still researching for possible integration of the blockchain technology in their current monetary system like USA for example and also there are countries like China who are on the verge of releasing their own cryptocurrency backed by their central bank. It is not about cryptocurrency though but rather the blockchain technology itself had been a major breakthrough in hastening the transactions which is vital in the economy that would yield to the positive exponential growth.
1163  Economy / Economics / Re: stupidity is so close to poverty on: December 04, 2019, 02:49:17 PM
But there are those who are born in poverty which is not their choice. Also, take Africa as an example where the people are forced to live in poverty and can’t do anything about it because their basic rights especially with education are not given to them. It is by the corrupt politicians we turn along with the opportunistic people playing behind the scenes. You are lucky to have been born especially in a country where the government had provided you protection of your basic rights and needs as well as I.
1164  Bitcoin / Bitcoin Discussion / Re: If You Bought Bitcoin Each Week in 2019, You’d Be up 49% on: December 04, 2019, 02:18:06 PM
I am glad i was once of those that made such thing possible Wink
because you have enough capital to do so,the problem in many "so called investors" is they investing with the money they need to live,and not their spare amount.
That a sad thing because in the cryptoworld is full of surprises due to extreme price fluctuations hence sometimes it needs time to wait for it to rise because cutting your losses is not applicable all the time if the regular movement of the price would just bounce back. Spare amount is beneficial because it could wait rather than the latter.
Not because i was lucky but because i have invested as a result of being pre informed about upcoming price changes and pump and dumps.
It's not hard to know how the price is changing if you have the knowledge and hodl when you have to Cool
you are not lucky but you are tough to risk the money,though you are also a believer that bitcoin will grow again in future.
I think its not a risk really when you invest in Bitcoin because just by looking at the graph you could say that somehow in the future it would surpass the price it currently has. Along with the developments that would happen in the future.
Speculations are the ones that makes me easier investor and take profit as finger snapping.
lol since when that speculation makes easier?upon all the things you've said this is the only one that i dont agree because thats why it was called speculative because no one can assures this.
I’m curious to know as well. How would an investor could ride on a mere speculation.
1165  Other / Politics & Society / Re: [POLL] WILL TRUMP BE ELECTED TO A SECOND TERM? on: December 04, 2019, 11:23:00 AM
I don’t get it though as why does the United States have only two presidents to run. And it is selected within the these two parties. I mean why can’t a person run independently with no party list or another partylist can be created. I think it linits the people choice because what if there is no one to choose among the choices made by these parties.

I don’t really know much about Trump since I don’t live in the US but most of the news that I heard aren’t that nice and I don’t know which to believe. It seems like people are just selecting which one is less worse than the other.
1166  Alternate cryptocurrencies / Altcoin Discussion / Re: Long term hodl ! What a joke on: December 04, 2019, 02:51:55 AM
I do not hold for long anyway which is a personal choice unless it's a very genuine project that maybe dumped on me I will hold it so as to recover back but if it's all these altcoins out there without future I prefer day trading with them.
doing hold must be based on coins that are held too, we cannot hold with coins that cannot develop because it will just spend time. so when doing a hold you must understand the coins that you hold so that when doing a hold we do not hesitate

therefore having knowledge is the most important thing for holding long term, because not all coins have good potential for a long time. with us knowing the background of the coin from the project being developed, then at least it will make us have our own predictions about holding for a long time or only for a short time
knowledge is very important but it is not always the key to success. there are many other things that can change the situation very quickly. The most important thing is to always know about events that occur on the market or inside the campaign in which you invest. it will help you always avoid unpleasant situations
The combination of trading skills and knowledge is essential to understand the market moves and analyze the market patterns properly with a clear mind. The unpleasant situations occur in bear markets and nothing will help the trader to get rid of losing trading positon. Inside information is illegal to use in financial markets and the fines can eat the profit + total balance if you think about it.
But on the other hand if you fall short in terms of trading skills or can’t monitor the prices from time to time then long term hodl would be a better choice. It is not a joke if you think about it but rather it is a matter of convenience along with your skills. Sometimes it is much safer to do long term hodl especially if the coin would have a good future like Bitcoin and ETH as an example or any other crypto that you believe so along with the factual data that you had gathered but I prefer the OP’s suggestion tho.
1167  Bitcoin / Bitcoin Discussion / Re: Bitcoin investment on: December 03, 2019, 04:27:33 PM
Yep, having a solid understanding of personal finance management is a must before investing in any instrument, let alone a very risky one like Bitcoin. You should only invest a fraction of your disposable income.

I am not sure about that. Bitcoin can be replaced by another coin, technology or value. Since 2017 BTC does not do much progress as far as I see.
Don't you consider development in Lightning, Segwit, etc great progress? I mean since now all those alts claiming "innovation" are still behind Bitcoin, in all aspects, by a large margin. I still have an optimistic view on Bitcoin future, especially with the next halving in sight.
He only bases the progress on the prices only. LOL. That’s what he meant by progress. I am more comfortable with the current price of Bitcoin now than way back 2017 which is highly unstable and very suspicious with all those new record highs for the price which had been broken very often that’s I’m not that surprised that it had dumped way too low. I prefer slow moving price since through time it would build up a good resistance so that the dump would not be too hard.

I heard a lot of news and I think that’s a progress to if we think about it.
1168  Bitcoin / Bitcoin Discussion / Re: Crypto Currencies VS local law policies on: December 03, 2019, 03:59:20 PM
As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.
Meanwhile in my country, Bitcoin is not supported nor banned bu rather the central bank just released a warning to those people who would like to venture in the cryptoworld. It is said that there are risk and you should be responsible enough to face it since we know that the price is unstable and those who aren’t familiar or expecting a great return in a short period of time with no prior knowledge would surely lose their precious money in the process and then blame Bitcoin and say unpleasant things about it.
1169  Economy / Economics / Re: Will Blockchain trigger a massive boost in our economy? on: December 03, 2019, 11:58:05 AM
If the government will recognize and acknowledge the advantages of blockchain technology then I think that the blockchain technology will go far in the future. As of now, the governments are still doubting about the capabilities of blockchain because they are scared about the decentralization since they are all about centralization. But I do believe that in the near future, decentralization will be much more favorable in our world.
The majority of countries in the world, especially those who prohibit the cryptocurrency, say they do not reject the blockchain because the blockchain with all its positive supremacy is something that cannot be avoided. But you were right, the government may be scared to adopt a decentralized blockchain because it can't be fully controlled by the government. Based on this consideration, the government prefers to choose permissioned/private Blockchain instead of permissionless blockchain.
And that's exactly why some countries are banning cryptocurrency while others invest on research so that they can launch their own cryptocurrency.
In the era of the Industrial Revolution 4.0, the role of technology took over the majority of economic activity. Blockchain's advantages in tracking, organizing, and distributing information are expected to optimize marketing processes and distribution chains. The tracking system will improve transparency in the production chain from upstream to downstream. These solutions can improve supply chain efficiency. So the government will rely on the development of digital technology in the future to improve the quality of development planning and development itself.
In my opinion, the government is recognizing this good side of cryptocurrency in their perspective that's why they are studying as to how will they integrate and modify it in a sense that it would align with the ideals of the government also that would enable them to exercise their sovereignty if that's what they chose to label their centralized mindset.
The government itself is preparing for the application of blockchain technology with several programs including improving the quality of digital services (maximizing internet connectivity and mobile phone penetration) for efficiency and driving economic growth. Simultaneously improving the quality of human resources is also needed so that they are ready to compete. Modernization (upgrade) in all fields, especially the productive sector, in order to encourage the development of financial technology. If the digital economic climate has been formed, innovation is needed between the government, business people & the community to encourage collaboration between start-up companies and program sustainability.
Though I'm curious about this projects they have on mind though as I recall correctly that coke had used the blockchain technology to sped up their services and I think that's the point. Blockchain technology speeding up the interaction of one body to another would yield to positive economic growth since time is money.
1170  Bitcoin / Bitcoin Discussion / Re: Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump on: December 03, 2019, 07:29:48 AM
Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.
Logically speaking, no one profits in joining pump and dump schemes other than those who are head behind all this. Joining it simply makes you a puppet and willingly donate your money to them. A responsible trader should know themselves the market and trade accordingly by trying to project the price through methods like technical analysis along with the news. You should not rely to other people and trust yourself even more by educating yourself since the knowledge nowadays is just a the tip of your finger. What you only need to do is to have some dedication, determination and time to learn.
1171  Economy / Economics / Re: Future without Middle men big way, but big Question? on: December 03, 2019, 06:36:50 AM
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 
Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.
In a world where money runs deep, banks had established deep roots that can't be uprooted easily and there is no need to eliminate this but rather having us more options on what monetary system would suit as by the establishment of cryptocurrencies along with the question of which is more convenient to use giving the transactions' circumstances.
Do you think  life without middle men Will be better? 
There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.
Although we are saying that through Bitcoin, middlemen are eliminated but the thing is it is hard to trust someone you don't know that's why we hire escrows to serve as a middleman and I am not saying that it is a bad thing but rather it is just the way it is. The good side in cryptocurrency is that you have more freedom to do what you wish to accomplish.
1172  Alternate cryptocurrencies / Altcoin Discussion / Re: Investors are getting smarter but why not developers???? on: December 02, 2019, 04:23:17 PM
What the developers are after is the cheap listing fee since reputable exchange is very expensive. But on the other hand, although you had listed your coin or token the thing is that if it is not in a good exchange or decent at the very least then it would not have a good impact to the image of your project especially if it is a shady exchange. Though there are cases that it is the user's fault and just ranting that it is a scam exchange well in fact they don't know how to use it or they had exposed their private details needed to sign in in an exchange.
1173  Alternate cryptocurrencies / Altcoin Discussion / Re: Will You Trust a Project Announce BY A Legendary Member on: December 02, 2019, 03:41:26 PM
Yes, I will trust them because legendary members will not do anything to make their reputations dirty so that they will not get red trust on their bitcointalk accounts just because of those projects that aren't profitable or scam.

@daniel002 I would be careful if I were you as people can always buy a legendary account, and those bought accounts views cannot be trusted. In my case I would only trust old and active legendary members here who have proven over the time that they can be trusted with their reviews.

Yes, trusting legendary members who are active in this forum will be far better than trusting legendary members who are not active at all and will be considered and investigated before participating in a managed project.
actually ranking is not a problem in managing the project, but if suddenly a legendary member comes and manages the project, it must be suspected and carry out a detailed investigation.
That, I think is the good thing when a legendary member manages a campaign since it would be looked at carefully whether is it a sold account that had been bought in a purpose to encourage the users in bitcointalk to join their bounty which is quiet shady if we look at it. The thing is that I had witnessed some managers who are legendary but turns out the bounty is a scam so I think it is not on the rank of the manager that we should trust but on the reputation. I would be more inclined to join in a project where the manager had a good history running previous projects or had positive DT.
1174  Economy / Economics / Re: Crypto Taxation on: December 02, 2019, 02:59:51 PM
I think that the government taxing cryptocurrency is when you are earning through it then taxes follows as what it is though I hope that only those who earn massively in crypto are taxed or just companies. Small time crypto users are normal people who are trying to earn money in the online world is nothing compared to those companies in cryptoworld where they earn a lot of money. There is nothing wrong with taxation as long as it is reasonable. I'm curious as how will they implement this in a decentralized platform of Bitcoin.
1175  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this really a good plan? on: December 02, 2019, 09:53:37 AM
Promoting new projects today is indeed full of questions and struggles. Sometimes, will the project we promote success and enter the market and pay the participants? If it is not successful they will not pay, even sometimes successful projects are running  not paying participants. Sometimes it seems like now we betting between winning or not.
This sounds like gambling in a sense that selecting what projects we should advertise aka bounty is now based on chances since we can never tell if it is scam or not. Even if it is a success, we can never tell if it would pay or not. That’s why many people had given up on joining bounty campaigns nor investing in a project due to these news or their experiences in dealing with these kind of scam projects which utterly a waste of time since some joined at the very first week and would run for a couple of months just to find out that it would not pay or the token holds no value.
1176  Economy / Economics / Re: Financial Crisis Will Come on: December 02, 2019, 07:32:58 AM
This is still uncertain about the future. I have noticed negative interest rates are gradually appearing in European countries and the trade war is not over. but it was all just the beginning and the worst was the recession. The economic crisis is even more serious, it usually occurs when a bubble has just burst.
So I think the situation is not as bad as you think. everything is still manageable and the Fed is doing a good job of continuously reducing interest rates.

Situation is worst then ever before, government is just trying to cover that. They manage to bail out huge banks and their mistakes, they manage to bail out some countries, Greece for example, but in long run that financial crisis will come and bubble will burst. Trade wars around are just like sparks, we see them here and there, and I think that one of these sparks will create a big fire, sooner or later.
Financial crisis will come but there are ways for us to avoid it. The banking system will definitely collapse again like what happen on 2008 where it said that it wast the most serious financial crisis that the world experienced. We can avoid it by being smarter and skillful, acquire assets that have value where it continuing to increase.
saving money in the bank make us not ready to face this financial crisis. We have to do another thing so our saving and assets increase alot. When crisis coming we already have preparation to face it.  Skill and our knowledge could be the solutiom too , we could catch many opportunity in around us to ear money.

then dont put all your savings on a banks so that you still have a back up money if ever banks collapse  . another good option would be investing some of your money on cryptocurrencies  because i think cryptos wont be affected by a crisis but fiats are usually the one's that can be targeted if its related to financial   . there are no cryptos before but people survive the crisis ( any kind of crisis that happen ) not just financial  , so we shouldnt be scared of it  .
I don’t really know if cryptocurrencies would the best option in times of crisis to secure your assets so I suggest to store some of your assets in gold. It is interesting to know if when that time happens which I also would not, what would happen with the cryptocurrencies. Would countries start using it just like in Argentina where people had been buying cryptocurrency to store there funds since they are experiencing economic crisis. Though I think the chances of the banks collapsing is very low i.e. close to impossible since banks aren’t just about fiats.
1177  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: December 01, 2019, 03:47:07 PM
Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?
Hardware wallets have recovery seed isn't it? You can just recover it if it somehow been damaged then buy a new one immediately and transfer it all to the next one. There is no need to have a lot of hardware wallets really but maybe you can do fine by 2. You could use the second wallet as a back up in case something might happen to the first one. The one that you need to think about is how to store your recovery seeds which the major rule is to never leave any traces on any digital devices meaning you need to write it in something physical and store it somewhere safe i.e. away from prying eyes and hands.
1178  Bitcoin / Bitcoin Discussion / Re: French National TV Starts Advertising Bitcoin on: December 01, 2019, 01:44:40 PM
I think that France is one of the crypto friendly countries, back in 2010 i saw a news report about a guy earning money with his computers by mining bitcoin and that was the first time that i learn about it and kicked off my passion for bitcoin to where i am at now, and if these kind of ads get to the right people and influence them like influenced me, bitcoin will have many new people coming to it and increasing its popularity, and also i saw another post about them starting to teach it in universities and this makes me think that they are really making huge step toward bitcoin adoption.
That’s very interesting that in France there are active approaches for their people to start engaging with Bitcoin as form of earning money, payment and storage of assets. I am curious of what were the lessons would they teach Bitcoin in the university and whether is an elective subject or for specific programs only involving programming or any related fields. Another thing that is interesting to know is the regulations of their country with regards of Bitcoin whether do they impose taxes and have bills filed in their legislation.
1179  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your take? on: December 01, 2019, 11:13:58 AM
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
I am not really sure of the exact reason on the fluctuation of the cryptos' market value and I have a 40% feeling that early next year there would be somehow an increase or sign of recovery. I am losing from my investments in my portfolio but selling won't be the solution but to just wait for things to be again in favor to the market itself. And to other investors or future investors perhaps, do not be hasty with your decisions and be mindful of what you are engaging yourself into.
Isn’t the usual thing when the year ends there would price surge then followed by price dump. I think around February the price would recover bit by bit but I do not really expect much about the price. All you have to do is to hold those coins since it would recover and be back to its normal price. There is no reason to panic sell and if you are an experienced trader and familiarized yourself as how the cryptomarket behaves then you can think logically when is the right time to buy and sell.
1180  Alternate cryptocurrencies / Altcoin Discussion / Re: We are only rich on spreadsheets on: December 01, 2019, 10:08:26 AM
Most cases, it is. That’s why you need to pick a bounty very well since some lasts for months and you wouldn’t want your time to be wasted just like that nor offer basically free labor out of nothing and sometimes it is absolutely nothing as it turns out to be scam. Also, the ICO price of their token is far from their price when it hits an exchange so you shouldn’t really based it with its exact price. I often compute it with forty percent of its price.
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