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1401  Bitcoin / Bitcoin Discussion / Re: Do you think that cryptos such as Bitcoin would be mainstream? on: November 14, 2019, 04:22:12 PM
I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.

Would the world adopt cryptocurrency as a means of transaction, what do you guys think?

I can't predict the future, but I can tell there is a competition as well. There are lots of other payment methods that are out there competing as well, though bitcoin selling point is the anonymity. You also have to know that it is not everyone that is interested in being anonymous, there are people who feel that it's just criminals that have to worry about such. And others are afraid that they can lose their money while making use of bitcoin because it is volatile; these people still don't pick interest in stable coins and I don't know why, maybe because they feel that they are not to be trusted.

If Facebook's coin should be a success it's going to be really huge, lots of people are going to adopt it. Bitcoin might also gain more adoption; it's already gaining adoption, I see those that use it for a transaction.
1402  Economy / Gambling discussion / Re: Gambling Addiction at its Worst! on: November 14, 2019, 03:26:39 PM
These act you mentioned are the worst I have ever seen because it is really silly and I think those kind of people needs to be rehabilitated because there is something else that has taken over them. Why am I gambling, isn't it to make money and if I have the opportunity to steal $14 million, why on earth would I still continue with gambling, I think those ones are being ruled by marine spirit or any demonic spirit.

I love gambling, most especially for game, but the moment that I saw that it was beginning to affect my children’s education and I find it hard helping them out on their assignment, I had to stop gambling immediately because family comes for me and anything that will take that away will be dealt with completely.
1403  Economy / Gambling discussion / Re: Do you gamble only with Bitcoin and do you have other favorite alt-coin? on: November 14, 2019, 08:35:12 AM
...
I think using altcoin is more favourable as even if you lose out it will be that altcoin and not bitcoin which can grow quickly whenever some news come in as this is the king of all coins . Bought everyone has different reason to play with particular coin.
Obviously, it’s easier to accept a loss if you bet in altcoins, but I want to keep my balance in BTC. But for the withdrawal, it is better to use transactions in altcoins, because their cost is lower.
You still cannot avoid the cost because in the process of keeping your balance on bitcoin and later exchanging it back to altcoin, you will still have to pay some fees for it, while you still pay for altcoin fees too when withdrawing, so by the time you look at the whole thing, you will realize that it is almost the same thing, so I think it could even be better to just maintain one coin and that coin should be bitcoin since it is still the most recognized and the most reliable coins in the market.

I even think that most gambling site accept bitcoin far more than the other coins, except the sites that purposely created their own altcoin for gambling alone, which they will have to impose the coin on their players, but for every normal sites, I think that bitcoin is still the most used.
1404  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: November 13, 2019, 06:43:51 PM
Count me in. I had bought Steam Credits using Bitcoin. There ain't that much of local online store at my country that allows the payment through Bitcoin. I knew NewEgg accepts Bitcoin these days, but I'll still incur shipping expenses from that and it is a bit of a hassle for me to setup carrier before I buy anything internationally. I still stick to fiat most of the time when I am gonna buy most of the basic needs.
That is so cool. Using bitcoin to buy something is an experience that most of the holders still need to taste and definitely it is a new thing. We need to be a bit patient for making use of bitcoin in daily commerce as this requires some time before bitcoin and altcoins go mainstreams. Besides, the major reason behind investing in these coins at present is earning profits, so they are performing well in this regard.
The use of bitcoin for payment is still under used and this is why we are still lagging behind in the value off bitcoin, and we really need to be patient till that time, which I know that we will achieve, but we still have to try our possible best to make sure that we announce more of Bitcoin use for payment of ecommerce products than the use of it for digital assets.

One of the lapses that I see why the use of Bitcoin for payment is because most of the institution that are meant to make provision for this also are not helping matters because instead of them interrogating the payment processor of Bitcoin into their own website, they are just busy holding Bitcoin also and expecting it to grow. We need a whole lot of people to actually be encouraged to start using Bitcoin for us to be able to gain more power on the value of bitcoin.
1405  Bitcoin / Bitcoin Discussion / Re: China Looking to Spend $2 Billion on Blockchain by 2023 on: November 13, 2019, 04:29:18 AM
China likes to dominate, and I am sure that they will be spending that four years to design a cryptocurrency that they might want to use in dominating the market by studying the behavior of every existing cryptocurrency, looking at their weakness and how to build theirs on the weakness of those cryptocurrency and I think that it is a perfect thing that china is no longer amongst the list of countries that were initially antagonizing the blockchain Technology, and at least by that 4 years, I know that the market is going to bubble again.

The only disadvantage I may like to speak of their coin is that they will be creating a centralized coin, which may make people to withdraw from its usage and till giving bitcoin the more upper hand that the coin.
1406  Bitcoin / Bitcoin Discussion / Re: 3 Things You like To learn on: November 13, 2019, 03:48:50 AM
I want to ponder and increase my knowledge in terms of trading. I know that I could apply all my learnings into different investment such as stock market trading and even forex not only in cryptocurrency, and yes crypto will be my main focus and it could be my ultimate goal to learn to trade so that I will lessen my losses in crypto.
When I was learning how to trade, I started with Forex trading first and this was the only saving grace that I had to have been able to trade cryptocurrency on time, and even with that, I still spent like almost 6 months perfecting the knowledge I was acquiring newly in cryptocurrency. If you are to learn how to trade cryptocurrency newly, you really have to be prepared for it and know that it is not very easy because of the volatility of bitcoin and other altcoins that is far more than that of Forex and stock market.

The best way to start tis learning of trading is to get some friend that are not selfish and open to share knowledge to take you through the basics and once you are through with the basic, then you can move to learning on your own via the YouTube and other means.
1407  Bitcoin / Bitcoin Discussion / Re: Do you think that cryptos such as Bitcoin would be mainstream? on: November 12, 2019, 11:58:40 AM
I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.

Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
There are already lots of people that are making use of Bitcoin and there are international companies that are are paying their workers with cryptocurrencies as well. The only thing that some don't like is that it is volatile. Libra would have gained more adoption if it was released due to their partnership with lots of association just like PayPal which is the biggest payment processing company.

I do believe that very soon a lot of people will start making use of Bitcoin, not as a store value, but as a payment method. I already know a lot of people that are doing that, they just receive payment through Bitcoin and withdraw it immediately to their bank, and when they want to send payment they also fund their wallet through their bank and send to whoever they want to send to.
1408  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is the most interesting / fun person in the crypto space? on: November 11, 2019, 07:12:07 PM
If you could choose one person from the crypto space to spend an evening or a weekend with, who would that be?
I am someone that believe that satoshi is still in this cryptocurrency space and has never left us, so if I would chose anyone that is in this crypto space to have a weekend with, it would be him, which the weekend is far more than enough to grab everything about him directly and then also know more about bitcoin, although this kind of meeting could be a very secretive ones since he would not like the world to know who he is yet.

Another great person that I can also consider who I feel has committed his life to cryptocurrency and you could think that he is the real owner of bitcoin is Andreas Antonopoulos. This guy has dedicated his time and his life to building bitcoin awareness and I think it was even from him that I learnt more on bitcoin.
1409  Economy / Speculation / Re: BTC 20,000 USD by the year end. on: November 11, 2019, 05:05:36 PM
10000 is a huge psychological barrier, if you draw a line at that level you will see that most of the recent market action has taken place at that level, when we surpassed that level for the first time in more than a year the price reached 14000, then there were two retracements below that level, then the bulls tried once gain to go above it only to be for what it seemed at the time to be clearly defeated and then a week ago the price reached a high of 10500 only to be rejected by the bears again.
So in other words, you are saying that the possibility of bitcoin reaching above $10k by the end of the year us very scarce right? But I don’t doubt the possibility because this was how bitcoin looked kind of impossible at the beginning of the year and we all thought that it will be towards that end of the year that bitcoin would reach $8000, but out of the impossibility was when bitcoin started to rise in value from the first of April and we were all shocked at the price movement.

If the market want to break any further barrier, it is possible for it to break it at any time without even leaving us with the clue as to what happen, just like till today, we still don’t know what was responsible for the sudden pump of bitcoin price in that April that lifted it out of bear market.
1410  Bitcoin / Bitcoin Discussion / Re: Share Your Experiences on: November 07, 2019, 08:39:52 PM
first I got to know bitcoin introduced by my brother, I was curious, then I tried to join here. and I am very grateful after 1 year of joining and working on bitcoin, I was finally able to buy a car, now I rarely log in anymore, because I was disappointed to see prices drop dramatically like now ..
You see you? You are the type that can abandon a friend in times if challenge lol. Bitcoin has been a very good friend to you in the past to the extent of even buying a car for you, now that bitcoin is a little bit broke to produce the money again, you are a little but discouraged about it and feel hatred for it.

This time that the price is down is the time that you should even make investment in it more, this is the time that bitcoin needs our money, and not the time for us to be running away from investing because it is down in value. Bitcoin needs us to create more activities for it, and it is when there are high activities in bitcoin that we will really see the value grow more, we need to be suing it for payment, and also try and market it to merchants that will accept it for payment.
1411  Bitcoin / Bitcoin Discussion / Re: What Happens If China Bans Bitcoin Mining? on: November 07, 2019, 07:36:14 PM
Its only speculations and probably its quite impossible that they will ban bitcoin mining. They have benefited to it in many years and its ridiculous if they will ban it directly. Many countries are very interested about it and if they do ban bitcoin mining its their big loss. They must be ready if they do the ban.

I agree, many bitcoin miners are in china and most of them are a richer. if they do that it will affect more there businesses and other company's that starting to use blockchain and crypto currency. and you are correct that china had benefit on bitcoin mining in several years. they really think about it well before they do. or it may cause any trouble on its users. but we will see it in their next steps. it is not easy to do this for no reason.
It does not make sense for government to have even thought of banning mining in the first time, when it had not negative effect on them. I know that when it comes to financial strength, china is already great, but they need to keep it up by allowing some of these projects that would help more of their economy and also help their lending strength to other countries.

That is in the past anyway, I don’t think that they are still planning on doing so because they are also working on their own cryptocurrency, which they will need miners a lot to be able to meet up with the number of coins that needs to be mined for their citizens to be able to use it for whatever reason they want them to use it for. I think now, they are going to be supporting them a lot.
1412  Bitcoin / Bitcoin Discussion / Re: No Capacity to Kill Bitcoin! on: November 07, 2019, 06:55:54 PM
Podcast Topic: Wes Carlson and Omar have an informal discussion on varies topics including the following highlights:

- Congressman claims the US has no capacity to Kill
Yes, at this time not everyone has the capacity to kill bitcoin, but nowadays technology is evolving and more people are contributing  to develop it. Maybe someday someone will find out how to destroy bitcoin and hopefully it will not happen because it is a huge loss to the crypto currency.
The more bitcoin advances, the more it become very difficult to kill it and as just said now that many people are coming together to see how they can develop it the more and how they can create some application that will assist in helping bitcoin in some of the lapses that people feel that it has.

The advance stage that bitcoin is now has really made it even difficult to pass any law to ban bitcoin, because of the numerous benefits of it to people and to government and also the love of people for the coin. Government are not even thinking of killing the system now, but rather thinking of how they can completely regulate it so that it can have a serene environment for those that will be using it for meeting their financial needs and as a protection against the dark web world.
1413  Alternate cryptocurrencies / Speculation (Altcoins) / Re: So many altcoins on: November 07, 2019, 04:37:10 PM
I don’t know what the government are still waiting for to establish a regulatory body for this since they too are already picking interest in cryptocurrency first from the digital asset of it, if they really want to benefit more from cryptocurrency too, they need to be able to provide adequate security for its users now that it concerns them, because whatever affect their citizens fund will also affect the economy of the country.
Isn't it funny? We want to be free from centralized government and that's the reason why we use bitcoin, altcoins and other blockchain products. In the other side, we ask for a regulation for centralized government to help us avoiding scam projects.

The gift of freedom is usually abused by humans. That's the state we are now. Funny enough, regulation will be the most tenable way to decimate proliferation of useless coins and developer scams because once they do, they will face jail terms in US and China courts. But then, the fear remains if this single decision will not defeat the purpose of bitcoin and cryptocurrency
Well, I don’t think that it is even my main concern, but my main concern is even about the government, if they are willing to give regulation because they might deliberately be ignoring all these challenges that people are facing so that we can get fed up with cryptocurrency ourselves and dump it rather than them abolishing it, wherein regulation is the main thing that we need to really solve all these challenges with people that are abusing the opportunity that we have here to make use of cryptocurrency.

If we can get regulation from government, it will really create a peaceful and enabling environment for investors to utilize the full opportunities available to them without the fear of someone scamming them or hacking into their wallet to steal their money.
1414  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How many ICO and IEO are you already following? on: November 07, 2019, 04:04:48 PM
Today I've decided to sell my car to invest in IEO or ICO.
Is my decision right?
Is it with a lot of investing in IEO can refund my money?
You and I know that this cannot be true which I see as the most stupid decision in this period that virtually all IEO are facing lost of doubt from investors and we only have few projects that are really worth any money we have in it. Instead of selling your property which I would not advise, you could have just look for every possible means to look for money that is little to invest in it.

If you had even thought of placing the money in bitcoin, it would have been fair because now that bitcoin is $9k, there is no way that it would not have grown to $16k within the next 6 months, so you can still have your money back and still have some profits on it, but to say IEO and ICO, it is going to be very difficult for you to recover your money except maybe you are very lucky with it.
1415  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Libra Coin bring Down Bitcoin's dominance on: November 07, 2019, 01:28:07 PM
To get down the dominance of BTC by any cryptocurrency will take decades. Libra might be just one among them. Honestly, I don't even have good hope on the Libra project and coin. We have to just wait and see.
I don’t think that there is anything to really wait and see, I don’t see Libra coin going anywhere because they are already having a strong opposition from government and I will say that this is indeed one of the projects that I have seen government really come hard on, and the funny thing is that they are not even coming hard on bitcoin or seeing bitcoin as a treat as much as they see Facebook coin.

For regulation, I don’t think they will get any because the government is still not very much satisfied with the reason that Facebook is giving for wanting to introduce the Libra coin, and I personally also so not see much need for the coin, I am only seeing Facebook releasing the coin just because they want to stay relevant and because they want to take advantage of the number of users that they have.
1416  Economy / Speculation / Re: BTC 20,000 USD by the year end. on: November 07, 2019, 11:07:05 AM
That is the case and that is the most annoying thing that people have turned a prediction to a game now or a contest where they just speak of price without that rational convincing analysis. Most of the one that we have seen come to pass is either it was a coincidence or the person did a thorough analysis which is usually very few.

The majority of prediction that we see are very fake and unrealistic, they just pick figures out of their instinct and then project it for the world to take. Even if we have to make prediction based on fundamentals alone that we are seeing, we should only be able to use that one to forecast future price and not all these short-term prices that we are predicting without any base or any guarantee that it will ever come to pass.
1417  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Popular coins on Forum, 2019 - SEPTEMBER on: November 06, 2019, 08:21:50 AM
The volatility of this market always makes it difficult for the market to invest so our predictions are often never accurate. Maybe the value of some coins like BNB is very high this year but after each increase, there will usually be a lot of big adjustments. For me this year is still a bad year for market participants and we should not expect too much in investing because everything can happen unexpectedly.

Hopefully people will be more interested in this market in the near future as a lot of big companies are starting to invest in this market more and soon become new trend in 2020.
We just have to embrace these projects for the future and forget all these short term expectation, and I think it is because we too are not giving these projects enough room to develop is why we are not seeing much growth in the altcoin. Some altcoin keep getting dump by investor every time that they increase in price, and if they keep getting dump, how will their market cap really grow.

There is a difference between altcoin usage and dumping, dumping usually make a project to crash very hard while using the coin for traded will never crash the value of a coin that low, the highest it can even do is to create a balance between buy and sell. There is need for us to believe in the future of these coins, and that is what will make those projects to really grow, but we must make sure that they are projects that are worth it.
1418  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TOP25/50 COINS on: November 06, 2019, 04:23:28 AM
Is it only safe to play with top50 coins?
Are you also looking at coins which are not listed on CMc?
Thank you!
I am not looking at coins that are listed on coinmarketcap alone, because we have exchanges like binance that do list projects according to their functionality, so sometimes, when there is need to make investment in quality project, I go to binance to also see the ones that are listed at top, and then I pick from them first for research before making investment in them.

For coinmarketcap, I think the first top 50 coins that are listed there is counted as safe haven coins, they are the projects that are built to have the real working product and if we want to really be sure of coins that will respond to the next bull run, we should look at the coins that are within this boundary. We can never make a mistake if we invest in coins that are within this boundary.
1419  Bitcoin / Bitcoin Discussion / Re: What scares you the most? on: November 05, 2019, 07:39:59 PM
I think that crypto users are usually afraid to lose their coins by cyber attack or losing private keys and the second fear is huge price dump.
From the first fear we can protect ourselves with different security measures, at least when our wallets are in question and the solution for the second is to diversify investments.

We may afraid to lose our money by way of investing and when someone hacked your email or your coins/tokens , but we still have all the chance to earn it, but if the crypto industry will be gone, that is the worst one, as we can no longer have the chance to earn thru it. We can never earn what we have lost. It will be a greatest failure for all people.
Personally, I am not afraid of all these hacking and security challenge because that one can still be under control, all I just need is to secure my account carefully and ensure that I don’t let my password to be too loose for people to take advantage of it and hack into my wallet, while I also deal with hardware wallet alone, but what is of great concern to me or which I would say was initially of great concern to me was that cryptocurrency might be gone one day if there is no longer support for it again which I doubt to some extent.

Thee time that I had this fear was the time that many government was having issue with it, especially when it lacks the absolute support of some of these great countries like china and US, but now, we are beginning to have support from those countries which is seriously allaying my fear of cryptocurrency going into extinct.
1420  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the difference between ICO's and IEO's on: November 05, 2019, 10:13:17 AM
I think that the only difference is just the method alone, there isn't so much difference that we can say because it is still the same way to raise crowd funding money.

One is only assumed to give ore security than the other, like ico now, a lot of people have really lost major interest in having anything to do with this method because they feel that most of the projects that are there now apart from those one that were released on 2017 are typically projects that have unserious team and lack a real working product other than using hype and speculation to build the community that eventually do collapse along the line, but IEO being a system that is being handle by exchanges directly is believed to be more secured which we have to also be very careful too because of the other ones that we have from a less responsible companies.
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