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121  Alternate cryptocurrencies / Altcoin Discussion / Re: Is DeFi hype the same as ICO hype in 2017? on: August 29, 2020, 09:43:47 PM
I don't mean that all projects are bad and they will fall, but I want to warn people. Despite the fact that in 2017 there were many good ICO projects that have been successfully developed so far, and now there are many good DeFi projects that will be developed in the future, most projects fail. Do not invest blindly in everything that is popular, understand the potential risks, think yourself and never follow others, it's your money and time.

I agree and I think the word of caution against DeFi projects is very reasonable. It's obviously crucial that even if the buzz word 'DeFi' is being thrown around and dropped in many projects you still have to be cautious with your investments. Just because its DeFi doesn't mean it won't be a scam or fail.

So yh, best to keep these things in mind. And the analogy to bounty/ICOs is a good example where things have gone wrong when people didn't pay much attention to the details.
122  Bitcoin / Bitcoin Discussion / Re: I have shared about bitcoin on my class on: August 29, 2020, 06:30:27 PM
I'm glad to see that this was received well and with little skepticism.

As from my experience when I try to tell people about it I get 2 kinds of people, people who look the other way and remain stubborn at their own ignorance and the other people who genuinely look interested and want to learn, some which even consider buying.

I'm always pleased when people are open to learning new concepts and embrace knowledge generally! Glad you had such a positive experience.
123  Bitcoin / Bitcoin Discussion / Re: Can Satoshi Stop bitcoin? on: August 29, 2020, 11:31:11 AM
do you think he has the capacity to stop it "again"?

You're saying this as if Satoshi has already been involved in stopping it. That's just WRONG!!!
For what we know Satoshi might just be an alias either for an individual or a group and even if this referred to a group then as a group of individuals they won't be able to stop BTC.

The highest effect this may lead to might be strong market positioning but not much other than that because the network has grown so much that the influence and power doesn't lie with anybody but the consortium made up of every major BTC holder.
124  Economy / Gambling / Re: CryptoBet Casino -Play your favorite games with crypto currency ! on: August 28, 2020, 09:47:21 PM
Previously there was someone created a thread about this site Anyone tested CryptoBet.com?
notblox1 who is the one created the thread asked member's opinion about this site but seems that no one tested this site.
Now it comes new thread which seems to be the official ANN thread of cryptobet.com but too bad the ANN thread seems to be made in a hurry.
Not attractive at all for an ANN thread of a gambling site.
Looking at the registered date of the OP which is on January this year, seems that it is not a completely new site (at least few months old already).
Lets see whether the OP will be actively communicate with members here or he will be just another OP who created an ANN thread then leave it away with no intentions to communicate with forum members.

So far the much raised attention to the sloppiness of the ANN thread is fully permeable throughout, at least so far.
What I found interesting was that so far just like @panjul07 says no OP has attempted to clarify any of the questions asked. Altogether, this little attention to details makes one wonder if this is really a casino we should even consider given the 'outstanding' engagement we've seen so far. My mind is already made up. You can't have so many games and put so much effort into it and disregard marketing - makes no sense...
125  Alternate cryptocurrencies / Altcoin Discussion / Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020? on: August 28, 2020, 05:28:27 PM
We have seen series of predictions in the last three months when bitcoin had its last halving. The prices kept rising until two weeks ago.
Now that the prices are falling again, when will the time like 2017 be experienced again in the cryptocurrencies community.

 I think for a start we need to be patient. If we consider how the market behaved fro the past few weeks we should see progress, perhaps not as much as we'd like to see but nonetheless progress. BTC is currently holding against 11.5k and I think it is only a matter of time before we see the bull run, and I'm quite confident we don't have to wait until next year to see signs of it!
126  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: August 28, 2020, 04:06:54 PM

1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.


I think as an overall prediction of what the future might look like for the blockchain technology is bright. I agree with your prediction that the future is leaning towards centralised platforms and smart contracts. Also, digital currency becoming a larger proportion of the monetised circulation. However, one thing to point out is that these might all be taking some unpredicted amount of time before they become noticeable
127  Alternate cryptocurrencies / Altcoin Discussion / Re: What DeFi projects are your radar this week? on: August 27, 2020, 10:59:26 PM
From what I read in the article, DeFi innovation is still dominated by lending platforms and stable/pegged coins.

This makes sense as DeFi is still relatively new. Regarding which DeFI projects are on the radar on this week's list I must include Open Predict or or OPT , this has only been launched ~ 5-6 days ago and the liquidity is crazy. The price on the other hand seems to have started high indicating this might be going big.  In anyway reading the whitepaper there's scope for this token fo sure.
128  Bitcoin / Bitcoin Discussion / Re: Bitcoin fueling to launch to the moon anytime soon. on: August 27, 2020, 09:39:12 PM
In my opinion, reaching $20k this year would be a little bit too far. I'm not saying impossible knowing the fact that all prices are soaring high recently, I'm only worrying that btc won't make it within a short period of time. Imagine, btc dropped by around 3% yesterday AFAIR and continues. It will have a hard time to get its momentum once again. Remember that we are now heading to last quarter of 2020 so better to expect less Wink.

I understand the scepticism some people have this time round about BTC reaching ATH but all I can say is that history tends to repeat itself. It already seems that the market is reaching a stabilisation point at ~ <11k but I can't discard the possibility of it going far beyond that.

129  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale Sold at $12,000 After 2 Years HODLing on: August 27, 2020, 04:07:28 PM
Who said that bitcoin is no longer profitable?  Smiley

Keep in mind that some might win but more are losing in trading. That whale only profited because he was smart enough to invest in a dumping phase and sell it high at around $12,000. As of now, Bitcoin is losing price again which means a lot of people who invested around $11,800 lost money.

This just goes to show that if you know what you're doing you could play a long waiting game and still ensure profitability. The whale could potentially have waited longer and got higher rewards but I suppose everybody has to draw a line while calculating their risks. The reason I'm saying this is that by the end of the year one would predict a higher price than 12k. In any case, cryptocurrencies provides us all with new opportunities just like back in the day cheap housing was an opportunity for the last 2/3 generations of out time.
130  Economy / Gambling / Re: 1XBIT.COM ᐉ Bet online ᐉ BTC Betting ᐉ Online betting odds on: August 27, 2020, 11:02:20 AM
Does anyone have a bad situation with this bookie?
Yes. Check out their Trust page. Link: https://bitcointalk.org/index.php?action=trust;u=2835882

take a few minutes and read some of the threads and posts linked in the 'Reference' category. TL;DR: 1XBIT are not a trustworthy site

Unfortunately, as alluring as this casino sounds it does not deliver. There are so many reviews written about this site that as soon as you Google their name you get the banner 'do not join'. Here, as an example, on trustpilot.
131  Alternate cryptocurrencies / Altcoin Discussion / Re: Will "De-Fi" replace traditional banking in the future? on: August 26, 2020, 10:42:26 PM
With bank you can show up in your financial center with nothing more than your ID, and get a personal loan for your needs. Or you can buy a car or a house or a lot of other things. You can also get a business loan. DeFi doesn't offer any of those things. And it won't be, it's limited to blockchain assets, and the moment it tries to live it it would have to introduce trust or it will fail like the DAO did.

In a way it makes sense that DeFi does yet stand a chance against traditional banks, even with their lending platform services. However, one thing I'd like to help you maybe change your idea of DeFi is to think that this is still in its early stages and who knows from now with so many alts being developed one day you might be able to buy anything you want through DeFi. This is of course, extrapolated but not completely unfeasible given how quickly this new finance system has spread.
132  Economy / Trading Discussion / Re: Trading Practices and habit on: August 26, 2020, 09:24:38 PM
I've been trading for a long time and I've been wondering about other trading practices and habits. It's been years since I started to trade cryptocurrencies and I built some and practices like when I wake up every morning the thing I will do first in the morning is to get my phone and check the market price of the coins/tokens I have, I built a practice on checking the price each time I got extra time or when I think too, I don't have a single day without doing this practice unless it has a certain circumstance like having no power in my device.

What are the trading practices that you have built over the countless trades you have?

Thanks for sharing with us some of your trading practices. From what you're telling. me your practice of checking the market every morning and every day, as often as you can sounds a little too much - make sure you don't push yourself into disappear or worse get under a lot of stress.

If you get stressed out often about your investments not going so well, try maybe a stop-loss of give yourself a deadline until you'll either leave the market to its own devices and check after a few days or just consider a change of mindset that if the market is going down it will probably end up going back up again. 

If unsatisfied by this then judge and plan for an exit strategy where you get out at the min. profit/loss you'll be happy to live with. These are all practices not to get too wrapped up in all these investments and saving time, plus reducing stress.
133  Economy / Trading Discussion / Re: What is the best platform for quickly purchasing bitcoin? on: August 26, 2020, 07:25:42 PM

What is the best platform for purchasing bitcoin quickly, without a long verification process, and with relatively low fees? I have been using Coinbase for years now but I am finally fed up with their convoluted terms, long waiting periods (that they barely even forewarn you about), giant transaction fees, and their seemingly random decisions to block my transactions or “freeze them for further review” that last days to weeks at a time.


Hmm, Coinbase can be a pain sometimes. From own experience, I can recommend 3 such exchange platforms. First, you can use bestchange to compare the rates between different platforms - this is always useful for me when interconverting between coins; second up is Kraken they do have KYC but what I've experienced wasn't too long ~ several hours but they're usually quite good + speedy. Finally, Poloniex is also one to look into, I like how easy it is to use and can buy quick also.

If I were you though, for future purchases I'd clear the verification steps for a few of the big exchange platforms. That way when you're ready to buy you're sorted  Wink
134  Bitcoin / Bitcoin Discussion / Re: UK hospital launches rehab programme for bitcoin addiction on: August 26, 2020, 05:39:33 PM
Code:
Utter nonsense! I see this as an organized effort sponsored by an organized corporate entity to de-frame bitcoin. If this hospital want to genuinely help people, they should start rehabilitation program to come out of facebook addiction. This facebook addiction is actually harmful for the society which only fills up company's account without fetching any personal benefit.

Spot on mate. This mad bull crap about BTC addition. FB, Instagram and such is probably where this should be targeted towards, not towards something that actually improves future finance and helps millions of people escape the centralized system.

I just can't be more upset to see that people would even go to such lengths only to attempt to slander crypto. These people should be ashamed from trying to stop progress.
135  Bitcoin / Bitcoin Discussion / Re: Hacker Stole 1,000 Traders’ Personal Data From CryptoTrader.Tax on: August 25, 2020, 08:27:12 PM
Quote
Tax marketing and customer service employee’s account on a support center platform
Sounds more like an inside job as without the proper authorization no one can access the account of an employee or the employee was a dumb.


I almost smell the same thing here, this might just be an non-authorization from the inside, as how else will the hacker get access to the passwords and stuff?  I even fear to think that the CryptoTrader didn't consider online attacks and got little security in place like firewall etc. This is why this is likely an attack with inside help/insight. The obvious conclusion is clear: CryptoTrader has now got some recovery to do both on clients part as well as  their own reputation

136  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto passive income - a bubble? on: August 25, 2020, 04:58:26 PM
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?

These methods of staking, lending etc to get modest interest rates are unlikely to be ending any time soon as these are relatively new and are analogous to interest rates from banks, except here the returns are higher but it's fine because it balances out the higher risks.

Mining as you say requires investment first, here, the simplicity of staking and lending all together is that all you do is taking a higher risk but don't expend on infrastructure so the returns unlike mining aren't delayed. Now, when one looks at the two options it becomes obvious which one to take, even if one believes is a short-term option...
137  Economy / Gambling / Re: New online casino: Leo Monaco on: August 25, 2020, 11:00:06 AM
Hey everyone! Has anyone heard of new online casino Leo Monaco? Every feedback will be highly appreaciated!

Hey, are you trying to promote this casino or you're genuinely interested to see if other people have hear of this or tried it out  Huh
If it's the former then this is not the way to do it! However, if it is the latter then I suggest you not to risk exploring new casinos, specially ones which don't even have a proper website, when there are plenty of casinos out there that people have used for years. If I were you I'd stick to the norm, no point in risking your money for what it may be a potentially unreliable site.
138  Bitcoin / Legal / Re: License to Sell Bitcoin in Person as Oppose To Online Exchange? on: August 25, 2020, 07:27:37 AM
It's specific to your local regulations and the rules differs for different jurisdiction.

Basically, for some places, they have pretty strict laws about money transmitter and those exchanging fiat to crypto (or vice versa). Some states have a certain threshold for users to register themselves as a money transmitter and for them to identify any suspicious activities to combat money laundering and terrorist financing. The transaction volume needed differs from each jurisdiction so refer to your local laws.

Bitcoin exchanges are usually registered money transmitter who have a license to conduct their business activities. They are legally obliged to flag out and report any suspicious activities, as well as having a KYC system.

I agree, its all to do with the jurisdictions from different states. And although it doesn't make a whole lot of sense, it doesn't have to be, as since did any regulations (with them differing so drastically) made any sense? In this case, many people would go either in the states where these laws aren't that ridiculous or use exchanges. Exchanges are partially becoming the norm nowadays anyway, so this law does't really stop people from entering/gaining access to cryptocurrency - it only makes it harder but not impossible.
139  Alternate cryptocurrencies / Altcoin Discussion / Re: bitcoin, ethereum etc. cryptocurrency or digital asset? on: August 24, 2020, 10:47:41 PM
While your thoughts are considerable, the digital asset is a class or type of investment and it's not about the naming whether bitcoin is a crypto or digital asset. Actually, bitcoin is both, a cryptocurrency and a digital asset that we're all like to hold. IMHO, it's not important whether bitcoin will be named as a digital asset because it will be classified into it. And bitcoin shall always be known as the most popular cryptocurrency. Not that matters if it's bothering you.

I agree the name matters little. It doesn't matter what you call BTC since it represents both a cryptocurrency which in turn is a type of digital asset. In fact I think very little will change from the regulatory point of view as this new era of cryptocurrencies is rival to fiat and governments won't go easy on it, specially when there's so much growing concern about anonymous and fraudulent activities.
140  Economy / Trading Discussion / Re: Taking Profits/Stacking Sats on: August 24, 2020, 09:46:26 PM
The way I understand it what you're asking for is an interconversion strategy between the stable coin USDT and BTC, in which case other than looking at the candles and seeing how the bullish run progresses there's isn't much to say.

Stop-loss is important but give yourself a reasonable window on either up/down trend end. I'd say this though, things are looking greenish and if anything I'd buy BTC now and when the volatility increases convert it back to USDT - an idea  Grin
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