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141  Economy / Exchanges / Re: How do you avoid high withdrawal fees from exchanges? on: December 28, 2019, 11:59:52 AM
Try converting to a liquid and not highly volatile altcoin that is high enough in value that you won't be penalized significantly % wise if you cross the spread,

and still low enough in satoshi terms that the withdrawal fees will be economical.

One example is TRX, its fast transactions also insure that the risk of market fluctuation will be minimal...

This. I usually convert to either litecoin or doge, as they are both listed on most exchanges, and you can exchange both directly for fiat. Doge in particular has very low withdrawal fees (usually the equivalent of a fraction of a cent).
142  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum co-founder Secretly Sold $11M Worth of ETH on Christmas Day! Got Outed! on: December 28, 2019, 11:35:34 AM
He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

Maybe this the reason behind why ETH price drop from $190 to 125 I think so, because of Jeff wilcke moved 90k eth from his wallet to karken crypto exchange on 25th of December and now panic sellers start to dumpling the eth I thought this the best time to buy eth before bull market comes into crypto market.

It's not the reason. Ethereum is dropping because the whole ICO fad is over (ICOs built on top of ethereum supported the ETH price as you had to buy ETH in order to participate in the ICOs).

There is no unique selling point for ETH anymore, which is why investors are bailing out.
143  Bitcoin / Bitcoin Discussion / Re: YouTube admits error over Bitcoin video purge on: December 28, 2019, 11:13:45 AM
This guy is just taking advantage of this news to introduce a new website that he thinks is better than youtube, But the problem, is it really better? Youtube has a long way to go and they have huge traffic, which can lead to a few small flaws. Is a new website capable and powerful enough to maintain without any similar errors? Anyway, YouTube is the best place

D Tube is not a "new website".

It's a decentralised video sharing site that is built on top of the Steem blockchain, and has been in existence for three years. And you can earn Steem for sharing your videos (if people think it's good enough to upvote).

It's kind of strange that people are attacking a crypto project because they are addicted to Youtube and their Google bosses.
144  Bitcoin / Bitcoin Discussion / Re: Options Market is Losing Confidence in Bitcoin,This Could Spell Trouble for 2020 on: December 27, 2019, 02:48:08 PM


Is options trading that influential to the Bitcoin or cryptocurrency market that it could spell trouble for the whole cryptocurrency market in the coming months? I don't think so. That's pretty blowing up the significance of options trading. Was option trading the trend when the cryptocurrencies reached their ATH way back in the late 2017 and early 2018? Nope. Exchanges were offering spot trading and a few are offering leverage trading. Now we have options and contracts trading. But they are still the minor players in the market.

There is some evidence the introduction of options trading at the CBOE at the end of 2017 contributed to bitcoin collapsing from it's peak price of $20,000. So options trading does seem to have an impact, especially if the traders are hedging their trades in the real bitcoin market.
145  Bitcoin / Bitcoin Discussion / YouTube admits error over Bitcoin video purge on: December 27, 2019, 02:39:28 PM
https://www.bbc.co.uk/news/technology-50924494

Quote
YouTube has reinstated hundreds of crypto-currency related channels after admitting it had removed them "in error".

A wave of YouTubers received notifications that their videos were in breach of the platform's terms of service earlier this week.

The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content.

The Google-owned video sharing platform has since apologised for the mistake.

YouTube said in a statement that it had "made the wrong call" and confirmed that any content mistakenly removed would be restored.

"With the massive volume of videos on our site, sometimes we make the wrong call," it said.

"When it's brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it."

It said there had been no changes to its polices, and insisted there would be "no penalty" to any channels that were affected by the incident.

Despite the apologies, I still think bitcoin video enthusiasts should migrate to decentralised video hosting sites like D tube: https://d.tube/
146  Bitcoin / Bitcoin Discussion / Re: Preparing for a recession... Gold or Bitcoin? on: December 27, 2019, 02:04:17 PM
Germans are currently queuing to buy gold according to the following tweet:

https://twitter.com/PopescuCo/status/1209559269382787072

Quote
Germans are queuing at Degussa store to buy #gold in Köln. From Jan. 1, 2020, the limit to buy gold anonymously drops from €10,000 down to €2,000. Only two years ago the limit was €15,000.



I'd say this is the reason we've been seeing the price of gold tick up in the last month (approaching $1500). It's because people are trying to front run the restrictions.
147  Bitcoin / Bitcoin Discussion / Re: Government Taxing Bitcoin? Here's the Answer on: December 27, 2019, 01:45:58 PM
I always wonder how could an economy operate and run without taxes from cryptocurrencies. How could a government obtain taxes from people when people are completely utilizing a currency that is not supporting taxes. Would it be really good if we completely have our fiats converted to crypto? For me, there's always a way if our intention is good. We cannot really deny how government is providing regulation that is mainly for the betterment of us despite of some issues regarding corruption and frauds.

For me, the way we could still make it possible is to establish a local exchange wherein, if we convert our money to crypto, these local exchange could already have the portion intended for the tax of each transactions.

?? Taxes are determined by LAW which is independent of currency. Currency is neutral, it's just a token of exchange.

Some states, like Arizona allow you to pay your taxes in bitcoin. But you still have to pay the tax - the penalty of not paying is jail. Can't evade the law of the land no matter which token you use.
148  Economy / Trading Discussion / Re: Bitcoin Vs ETH Vs XRP Vs LTC which one will you invest and why in 2020? on: December 27, 2019, 12:41:31 PM
Here's my take:

Ignore Ripple (XRP). It's a centralised coin, it's been trying to break into the remittances market (taking a stake in Moneygram) but is struggling to make a break through. It's going nowhere.

Ethereum has also been struggling ever since the regulators clamped down on ICOs. Previously you had to buy ETH in order to participate in the ICO, but the demand has now dissapeared as ICOs have stopped being issued. There is nothing supporting the price, and in addition the developers are making the coin so complicated (with plans to move to proof of stake) that it's a nuisance for exchanges etc to maintain the support.

Both bitcoin and litecoin have a good future as they are straightforward to use. Litecoin is now on most exchanges and crucially you can now trade it against fiat in most currencies.

So of the four coins you listed, I'd go for BTC and LTC.
149  Economy / Economics / Re: Hong Kong protestors call for sanctions against HSBC bank on: December 26, 2019, 12:52:06 PM
HSBC has no choice but to comply with what China government wants! Freezing an account of a consumer is not a decision what banks love to take! Because they can't use that fund but still have to maintain an account number in their books. That's a loss for the banks.

I believe HSBC is just trying to balance out things for themselves and hence they are forced to freeze accounts of the protesters in the name of illegal usage of banking channel. HSBC is trying not to make the Dragon angry!

This is one of such scenarios where we understand the need of cryptos in naked eye!

This.

HSBC tried to hold out, but their Hong Kong CEO, John Flint was forced out in August for siding with the Hong Kong protesters:

https://edition.cnn.com/2019/08/04/investing/hsbc-ceo-steps-down/index.html

https://www.bloomberg.com/news/articles/2019-08-09/hsbc-s-greater-china-chief-helen-wong-unexpectedly-resigns

Quote
The head of HSBC Holdings Plc’s key China business resigned, the latest senior management change in a week that saw Europe’s largest lender oust its top executive.

Helen Wong announced her departure as head of Greater China in July to pursue another opportunity, and this is her last day at the bank, spokeswoman Maggie Cheung said Friday. Wong, one of the bank’s most senior women, had been in the role for about four years and worked at HSBC since 1992.

Her departure caps a week that started with the ouster of former Chief Executive Officer John Flint after just 18 months in the role, with the bank saying an “increasingly complex” environment of geopolitical tensions and risks to growth demanded new leadership.

So - both of them forced out within a week after Flint made comments supportive of the protesters.

My guess is that HSBC was told that their business in China would be shut down if they didn't clamp down. Not sure there is anything they can do - John Flint tried and paid the price.
150  Economy / Economics / Re: BTC to GOLD on: December 26, 2019, 12:12:53 PM
Gold is starting to rise again, towards $1500:

https://www.bloomberg.com/news/articles/2019-12-26/gold-makes-headway-above-1-500-as-2020-comes-into-closer-focus

Quote
Gold is up 17% this year -- set for the best showing since 2010 -- as investors weighed the benefit of havens amid the to-and-fro of the U.S.-China trade war and a run of central bank easing. The latest tick higher came even as Asian stocks edged up, and Donald Trump said Tuesday a deal with Beijing is “done.”

Bitcoin is up even more this year than gold of course, but the same things driving gold are driving bitcoin.

In 2020, the most important event will be the selection of the Democratic candidate. If it's someone moderate like Biden or Buttigieg, then the markets will be calm. If it's someone leftwing than the markets won't be calm.

In the run up to the UK general election, the pound was subdued, and shares of utilities were depressed (people had sold just in case Corbyn was elected). Once the conservatives won, both the pound and the stock market surged.

That dynamic will be in play in the US to the power of a 1000. If the Dems go for a left-winger, gold, bitcoin and safehaven stuff will soar.
151  Bitcoin / Bitcoin Discussion / Re: What is your thought about halving? on: December 26, 2019, 11:06:38 AM
In theory, when supply is cut and demand remains, prices will rise. But what is your thought? Do you guys think it will go up

The price will rise simply because people will look at the graphs of previous halvenings and think, "I'd better buy now otherwise I'mm miss out on the bull run". This is particularly going to be the case if all the mainstream media start chattering about previous halvenings and publish graphs and so on.

What happens after the halvening is another story. I think people will take profits and the price will fall back a bit.
152  Economy / Economics / Re: A Nobel-winning economist says it’s time to kill the GDP metrics on: December 26, 2019, 11:00:20 AM


You realize this proposal does nothing to address flaws in GDP.

Its more a form of censorship. Similar to how internet search results and news media scrub statistics for how many trillions the EU is currently in debt. Its easy to find the US deficit in trillions. Try to find the same stat for the EU and there is a mysterious censorship blackout in effect.



There isn't a mysterious censorship blackout at all. In the EU, the deficit is calculated per member state:

https://ec.europa.eu/eurostat/statistics-explained/index.php/Government_finance_statistics

Quote
The EU-28’s government deficit-to-GDP ratio decreased from -1.0 % in 2017 to -0.7 % in 2018, while this ratio also decreased in the EA-19 from -0.9 % to -0.5 %. Both in the EU-28 and EA-19, the general government deficit was the lowest in the available time series. Fourteen EU Member States — Luxembourg (+2.7 %), Malta and Germany (both +1.9 %), Bulgaria (+1.8 %), the Netherlands (+1.5 %), Czechia (+1.1 %), Greece (+1.0 %), Sweden, Denmark and Slovenia (all +0.8 %), Lithuania (+0.6 %), Croatia (+0.3 %), Austria (+0.2 %) and Ireland (+0.1 %) — registered government surpluses in 2018.

There were 12 EU Member States, namely Poland, Portugal, Estonia, Latvia, Belgium, Finland, Slovakia, Italy, Hungary, the United Kingdom, France and Spain, that recorded deficits in 2018 that were smaller than 3.0 % of GDP.

Two Member States had deficit equal to or higher than 3.0 % of GDP: Romania (-3.0 %) and Cyprus (-4.4 %) (see Figure 1). The high deficit for Cyprus in 2018 is mainly due to the impact from the restructuring of the Cyprus Cooperative Bank Ltd (CCB) - the sale of the good parts of CCB and the subsequent integration of the remaining public financial defeasance structure into general government accounts.

If you download the document it should show you the actual numbers in billions and trillions.

The EU28 are all the countries in the EU (including the UK in this particular calculation). The EU19 are the 19 countries of the eurozone.
153  Economy / Economics / Re: A Nobel-winning economist says it’s time to kill the GDP metrics on: December 25, 2019, 11:48:41 AM


It appears people of the world are too feeble minded and uneducated to understand GDP. And so the powers that be are calling for GDP numbers to become obsolescent, so that we feeble minded do not injure ourselves attempting to make sense of GDP.

 

They're not feeble-minded. Just pointing out that GDP is flawed and can be manipulated. We've only been obsessed with GDP since the 1960's - prior to that people had other methods of judging whether an economy was doing well. For example, if your tax rates stay steady from year to year, but tax receipts fall, then the economy is doing badly no matter what GDP says.
154  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme on: December 25, 2019, 12:59:09 AM
Fiat will be replaced by another currency, not sure that is Bitcoin or Cryptocurrency, I think no government will allow Bitcoin or any other created Cryptocurrency by the people which is uncontrollable, every government have a tendency to dominate and control over any currency, Every government has an agency which is Central Bank, So without approving by themselves, Bitcoin and Cryptocurrency will be in the mainstream ever, So I don't think that Bitcoin or any cryptocurrency will not replace of the Conventional Fiat very soon.

Fiat won't be replaced

The fact of the matter is that the average joe trusts fiat and all the institutions around it more than bitcoin. Because bitcoin is still immature and the eco-system around it is not yet robust. Think how often you hear of an exchange being hacked and people losing their money. And then think of when you last heard this happen to a bank. Till bitcoin solves the vulnerability of the interfaces like exchanges, there will be no adoption.
155  Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook Loses Data for 267 Million Users, Calls Libra Security Into Question on: December 25, 2019, 12:41:24 AM
When libra runs on the decentralized network and that will improve the security of the libra itself as so many nodes are securing the network. About the scandal of facebook and that's what will be happened when you are trusting the centralized tech.

Basically, to talk about the security of libra doesn't make sense as the nodes will be running by all of the libra pratnership and that will make libra becomes decentralized and it can't be hacked easily like what already happened with facebook.

It won't be decentralised - that's the point. It will be a centralised stablecoin controlled solely by Facebook - there arn't any partners left, most of them have dropped out. With all the risks of a centralised system like losing people's data (and wallet keys if Libra goes ahead).

I'm pretty sure that all the regulators will kill Libra before it gets going because of the above risks.
156  Economy / Trading Discussion / Re: What kind of crypto trading do you recommend with $50 investment? on: December 25, 2019, 12:23:21 AM
Hello dear members,
I have earned around $50 investment by posting in forums, claiming from faucets, viewing ads, etc.

I know that it may be impossible to trade with $50 capital because it is a very low amount but I thought that maybe there are some ways to trade with low amounts too. I don't care if the profit is low because I just want to increase it little by little to trade in larger scales in the future.
I prefer working with bitcoin.

What is your idea about this?

You could try buying a staking coin like Tezos, and enabling staking on an exchange like Kraken:

https://www.kraken.com/en-gb/features/staking-coins

Reinvest your stake and it compounds upwards.
157  Bitcoin / Bitcoin Discussion / Re: First Xapo Debit Cards to be mailed this month! on: December 24, 2019, 10:38:26 PM
I just received this email:

Quote
Hi Pente,

We wanted to provide you with a quick update about the status of your Xapo Debit Card.

Since this is the first true bitcoin debit card that is designed as a seamless extension of your bitcoin wallet, we and our card partner have had a lot of work to do!

Fortunately, we are in the final stages of testing the card, and the first Xapo Debit Cards will be shipped in a few weeks.

The plan for distribution is to ship the cards in batches. If you are not in the first wave of cards, don't worry. We will continue to distribute cards for everyone that has pre-ordered the card.

You don’t need to take any action right now. Prior to shipping your card, we will follow up to confirm your shipping address.

We appreciate your continued support of Xapo and we are working hard not just on the Xapo Debit, but on other innovative products, as well.

For more information regarding the Xapo Debit Card, please visit our FAQ’s.

Sincerely,
Customer Support Team

Unlike other bitcoin credit cards, Xapo will store your value in bitcoins and only exchange it at the moment you use your card. It still involves credit card fees, but for now this is a great improvement.


How are they managing this?

According to their website, in an article dated 2017, Xapo says VISA restricted their debit cards. And that page has not been updated since 2017. See for yourself:

https://blog.xapo.com/xapo-debit-card-update/
158  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins getting delisted on: December 24, 2019, 12:42:29 PM
Hi guys i read on the news that major few exchanges are delisting some altcoins that falls to keep up due to present bear market, for example poloniex exchange is delisting Omni and primecoin and others, what do you have to share about this?

Some are saying its good to invest in old coins now few old coins are dying, I believe they've met the end of their roadmap, no more excitement about them, this is why i still feels that newer coins will take the bigger advantage of future greenish market, what do you think?

The exchange has to weigh the cost of maintaining the wallets of an alt against the benefits from earning fees from the trades of that coin.

As long as the fee income is greater than the costs, they'll keep the coin.
159  Bitcoin / Bitcoin Discussion / Re: Deloitte warns Bitcoin over Google's Quantum computing risk on: December 24, 2019, 12:14:38 PM
Since Google asserted quantum amazingness in the not so distant future, the effect of quantum computers on bitcoins and the blockchain network has much estimated. Deloitte in it’s most recent reports Quantum PCs can break the numerical trouble basic cryptography and would thus be able to put the bitcoin tasks under hazard. Let us investigate how this works out.

Asymmetric cryptography creates an open private key pair with a numerical relationship. The mystery private key used to make an advanced mark that can be confirmed utilizing the general public key and verified through the scientific guideline called “one-way function.”

There are no "Quantum PCs" The current Quantum Computers are primitive and MASSIVE, they need a whole building. We might be many decades early for Quantum PCs. And the "dangers" to Bitcoin will come much before Quantum PCs exist, and that is still many years away.

Deloitte is wrong, and the actual term is "Quantum Supremacy", as there is a prize involved in achieving it. There is nothing amazing about it. Bitcoin has mitigations ready and there is nothing to worry.

Yup. This is just a scare story. Quantum computing isn't going to arrive for a few decades, and by then we'd have invented a tougher version of encryption that they can't break.
160  Bitcoin / Bitcoin Discussion / Re: Now YouTube is flagging Bitcoin and crypto-related videos? on: December 24, 2019, 11:49:59 AM

Should I move away from YouTube?


Yes. You can try Dtube:

https://d.tube/

Which is linked to Steem and Steemit. To find out more, see the following article:

https://www.valleyarm.com/so-what-is-dtube/

Quote
To understand DTube we must first talk about and understand Steemit, a blockchain-based social media platform that launched in July of 2016.  Essentially it’s a Reddit-type service where anyone can earn rewards by posting, curating, and up-voting relevant content. Monetary rewards come via a cryptocurrency token named STEEM, and in US dollar-pegged tokens called Steem Dollars. So think of Reddit (i.e. users post links, and vote good content up, and bad content down) – but every user who participates gets a monetary reward.


Decentralized Tube (or DTube for short) is a YouTube-like video platform that is built as an application on top of Steemit.  So it’s on the same platform utilising the same rules but specifically for video content. Essentially, users post videos, and are rewarded for creating and uploading content.

And obviously you can post your videos onto Steemit and earn Steem for them.

Steem and Steemit have so much to offer the crypto space, I'm kind of sad that people don't use it, and instead stick to Youtube.
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