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1521  Bitcoin / Bitcoin Discussion / Re: Do you want to see Bitcoin legal in your country? on: October 09, 2021, 01:40:00 PM
illegal in many countries.
-snip-
Not really. Crypto currencies (bitcoin) isn't really illegal in many countries. Only just few countries decided to ban the usage of crypto currencies. Most of them are underdeveloped countries that has no proper framework to regulate crypto currencies. Hence, they put a ban so that people don't use it for corruption (even though their government are the corrupted ones) or any illegal activities. But people still use it over there since the government has no way to track them. Look at Nigeria. Central Bank issued a ban. People still do p2p  trading and yet no one faced any trouble. They will eventually lift those bans once they get a proper understanding of how crypto currencies work.
1522  Alternate cryptocurrencies / Altcoin Discussion / Re: What crypto projects best facilitate obtaining passive income? on: October 09, 2021, 01:23:29 PM
Just hold bitcoin for long term and you will be earning profits passively. You literally have to do nothing. Just make sure you keep your wallets safe and secure. Keep holding until you reach your desire profit goal. Once you reach your goal, take your profit and reinvest or keep adding slowly. If you are holding altcoins that can be staked, you can stake them and earn passively. Make sure its a coin that you can actually stake using your own wallet. Some exchanges mislead people by using the word "Stake". Not all coins can be staked. Even if they can be, don't stake using an exchange. Its risky and you end up giving too much power to those exchange.
1523  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT a trustable? on: October 09, 2021, 12:15:35 PM
In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin
You should keep in mind that USDT isn't fully backed by fiat US dollars (as far as I know). They used to say they had a dollar for every tether, but few months ago they released a report which shows that only around 3% of tether is backed by "cash". Rest includes assets and "commercial papers". So if everyone together tries to redeem their tether tokens for US dollar, they very likely won't be able to do so without trouble.
any recomendation for the stable coin?
USDC or DAI maybe? Do your own research.
1524  Economy / Economics / Re: Will governments capitulate and finally recognize Bitcoin as a legal tender? on: October 08, 2021, 11:42:27 PM
El Salvador made Bitcoin a legal tender and they are already reporting massive profits from the current spike. The purchase price was $45-$48K and now Bitcoin is trading at $54K. If the other countries include Bitcoin in their forex reserves, then they will also benefit from it. But they are still attached to the fiat system and don't want to move away from it. I don't understand the point in creating forex reserves with treasury bonds from other countries. That serves no purpose and in fact it is advantageous only for the country that issues these treasury bonds.
El Salvador didn't make bitcoin a legal tender so that they can make quick gains from the rise. People should stop thinking that bitcoin is only made for making profit by investing in it. If people keeps on using bitcoin as a store of value, we will never see bitcoin being used as a mainstream currency. El Salvador did it because they don't have their own currency. They did it because they saw how easy it is to make cross border transactions with bitcoin. It will make it easier for people to send money back to the country cheap, fast and easily which in turn will help the counties economy to grow.
1525  Economy / Economics / Re: Are banks needed for crypto? on: October 08, 2021, 11:29:52 PM
We don't need  banks for crypto. Adding banks would just make the whole system centralized which is what bitcoin and most of the crypto currencies are completely against. Borrowing money or taking loans in crypto in a decentralized way might be very complicated. I don't think there are currently any projects that offer anything like this. There used to be (not sure if they still exists) centralized platform where users could take loans in crypto. You had to give something else (more in value to protect lenders from volatility) as collateral. A centralized way with a third-party ensuring everything is fair.
1526  Alternate cryptocurrencies / Altcoin Discussion / Re: Battle of supremacy between Dogecoin and Shiba Inu on: October 08, 2021, 11:14:48 PM
Both of them are meme coins. Investing in those coins come with a very big risk. A risk so huge that it might wipe away everything you invested. Dogecoin went up as soon as Elon started showing support for that coin. The price of dogecoin is still high and hasn't crashed back to its previous lows because the dogecoin community is too big and strong. On the other hand, Shiba Inu, another meme coin started to gain popularity (out of trend/hype) and the community is growing. Shib has its own DEX and has some use case, though offering nothing new. And if you go to their reddit thread, you will see people just talking about holding and getting rich. So you know what's going to happen when the price go up... people are going to dump it to collect their profit. So if you are willing to take the risk of losing everything, you can try investing in those meme coins.
1527  Economy / Scam Accusations / Re: Bitvest is a scam on: October 08, 2021, 10:56:51 PM
Make a proper thread on the scam accusation section. Make sure you provide enough proof to back your claims. I don't think "hot wallet" being empty counts as scamming people. As long as they are processing withdrawals, then it's fine. You can say that they are misleading their users by saying that they have "instant withdrawal" even though its not (according to you). Are you sure they do this quite often? Or are you just upset because you lost your profit/coins while waiting for them to refill their hot wallet? Hot wallets can't always be full.
1528  Economy / Economics / Re: Will we see new ATH this year? on: October 08, 2021, 10:39:57 PM
This year was full of excitement, full of good things and full of the evil. We saw new ATH, we saw how one man manipulated the whole crypto market.
You mean Elon? Uhh.. we have been seeing influential people manipulating the market from the very beginning. And what makes you think he was actually manipulating the market? Are you talking about Tesla adding and removing bitcoin support? They had their reason to remove it. Are you talking about Elon and Doge? Maybe he really is interested in Dogecoin.
and how everyone wants to kill the bitcoin as an investment option because of its high volatility.
Who is this everyone you are talking about?
From the recent experience, every time we see bitcoin trying to surpass 50K and/or reach new all-time high, market somehow drops, if that doesn't happen then China tries to stop it's rise, every time it tries to stop bitcoin from surpassing 50K.

The fact is that the governments and/or other major financial sectors just don't want bitcoin to reach ATH again and they do everything for that but the bitcoin is still very, very bullish, like never before! What do you think, will we reach new ATH again despite a such resistance?
China isn't doing shit to the price. China has no affect on the market right now. Whatever damage they tried to do to the market, has already happened months/years ago and the price has already recovered (in fact not affected at all this time) from it. And no, who told you that the government and other financial institution are stopping bitcoin from reach ATH?
1529  Economy / Economics / Re: When will the role of fiat currency disappear against crypto. on: October 08, 2021, 08:33:29 PM
Currently, there are many usd-based stablecoins such as, usdt, busd, usdc and maybe many others.  To be honest, I used to think that crypto would completely eliminate the usd's dominance of the world economy but I was wrong, it turns out that usd is now evolving to crypto (stablecoins).  What do you think, whether in the future bitcoin or other crypto can replace the role of currency in each country and leave fiat currencies such as usd, euro, yuan and others.
Why are people so obsessed with crypto (bitcoin) replacing fiat currency? Do we really need them to replace fiat currency? Can't they both be used together? Bitcoin will never replace fiat currency unless somehow the government manages to make the whole bitcoin network somewhat centralized which I doubt will ever happen. At best we can see a new centralized government issued stable currency that might replace fiat.
1530  Bitcoin / Bitcoin Discussion / Re: Reason why businesses should accept Bitcoin payment on: October 08, 2021, 08:25:57 PM
It's easy to use. You have control over everything. You can easily track all your transactions and lets not forget, all transactions are public. You don't have to go through a lot of paper works and you skip all the inconveniences that you have to face when using a third-party centralized financial institution (banks). Users can send or pay right away without having to go through multiple random checks. So many reasons why businesses should start accepting bitcoin as payment.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
Don't forget, the price can drop too!
1531  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions is so expensive on: October 08, 2021, 08:19:48 PM
Paying 10 USD in fees and your transaction not being included in the next 26 blocks? Are you sure you paid that much fee? The network isn't very congested right now. The fee shouldn't be that high. You are probably doing something wrong. The fees are very reasonable right now. Wait till you see how crazy the confirmation time and the fees become when the network goes under heavy load. If you are doing regular small transactions and you can't afford to pay up to a dollar, then try LN or switch to some other altcoins that have very low fees.
1532  Alternate cryptocurrencies / Altcoin Discussion / Re: How you choose projects for investment on: October 07, 2021, 11:51:03 PM
-snip-

1. Team (most of the famous developers worked in google and facebook)
2. Strong community (more than 100k on Twitter and a very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross-chain)
4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)

This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
1. Projects can create a "fake" team with excellent academic achievements. Make sure to know that the person actually exists. On other hand, just because they worked in google or facebook doesn't mean they are going to create the best project.

2. Lol twitter followers can be bought. There are projects that are doing very good with small communities. Don't overlook those.

3. There can be good projects that are built over other networks.

4. This one is the most important one. We don't need new projects that has nothing new to offer.
1533  Economy / Speculation / Re: Crypto will rival or replace fiat in 10 years? on: October 07, 2021, 11:45:12 PM
It's not going to happen in 10 years. Maybe after few decades, but not anytime soon. And don't expect a decentralize crypto currency to replace fiat. The government will never let that happen. Probably we will see a centralized government issue crypto currency that will be integrated with the current banking system which might replace the fiat currency. Then again, we don't actually need a centralized crypto currency.  Decentralized crypto currencies even if they don't replace fiat currency, they will be used together concurrently.
1534  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you think coin is the right choice? on: October 07, 2021, 09:41:31 PM
Do your own research. Ask yourself first. How long are you will to hold? I mean is it going to be a long term investment? Are you will to take huge risk or are you willing to play safe? If you want to play safe, then go for coins like Bitcoin, Ethereum and maybe Litecoin. If you are willing to risk, try coins like ADA, SOL or maybe one of those NFT gaming tokens. Make a list of coins that you find interesting and start learning about those. Choose some from there. But don't forget, invest only what you can afford to lose.
1535  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buying shib right now on: October 07, 2021, 09:35:19 PM
Hi I want jump on the bandwagon right now and buy some shib haha I am looking at the rsi and extremely overbought I see. Should I just wait a bit for it to come down some then buy? Or this still going through the roof and I should get on now?
If you are willing to risk it, then go ahead. The price already went up by 300% in just two days. There were people that were holding since the last all time high. So eventually they along with others will start dumping their coins causing the price to crash. It's already going down right now. Remember, its a meme coin with no certain future (so was dogecoin). If you are willing to risk  and can afford taking the risk, then go ahead. Or else invest somewhere better.
1536  Bitcoin / Bitcoin Discussion / Re: The HODL to 100K movement on: October 07, 2021, 09:02:16 PM
Lol, you can't get everyone to "HODL". Even if everyone does hold with you and the price goes up, you can anticipate a massive crash coming soon. People were holding till 100k. Once the price has reached that point, most of the people would be selling their bitcoin to take their profits. This will cause a massive dip. So instead of seeing such insane/massive dips, its better the way it is right now - some people holding, some people selling.
1537  Bitcoin / Bitcoin Discussion / Re: There is something wrong with cryptocurrencies? on: October 06, 2021, 09:50:12 PM
What would happen if everybody wants to exchange for a real money?
Price of the coin would start crashing. Others will take the opportunity to buy it cheap. Price will then recover and the cycle will keep on going. On other hand, if everyone starts to sell, then the price would crash and then eventually reach to zero.

I consider it not fair to mine cryptocurrencies?
Why? They help keep the network secure and process your transaction. You should learn about mining.

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Someone probably sold your data. Just change your number.
1538  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: October 06, 2021, 09:41:29 PM
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
Did you know that fiat currency also isn't backed by any physical asset like Gold. Then why do you believe in fiat currency? Literally the government can print as much as fiat currency as they want (but they won't). Then why does it have a value? If you compare fiat with bitcoin, you will see that Bitcoin makes even more sense to have some value than fiat. Do some more research. If you are convinced, then invest. Or else don't.
1539  Alternate cryptocurrencies / Altcoin Discussion / Re: Which alt coin is best investment for long term? on: October 06, 2021, 09:06:06 PM
You just said SOL will outperform ADA soon. So I guess you already got your desired "best" altcoin for long term investment? If you are looking to play safe, then go for ETH and hold it long term. Rest of the altcoins have their own risk. If you are looking for trending altcoins, then try SOL, ADA, DOT and maybe Algo (Do your own research. Don't invest if you aren't aware of the risks involved).
ADA uses a strange UTXO based system for tracking transactions and an obscure smart contract language. It's not easy for developers, is slow, and not competitive at this stage. I suggest looking into what Celo and NEAR protocol are doing instead. Celo has Ubeswap and NEAR has Ref Finance, both can do way more than 1tps like ADA.
I have heard a new DEX demo was released where they were able to solve the UTXO and concurrency issue.
1540  Bitcoin / Bitcoin Discussion / Re: The Future on: October 05, 2021, 07:48:14 PM
Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
1. Not going to happen. The best we can see is that banks accepting bitcoins and making it a part of their system (in a centralized way unfortunately).

2. Inevitable. But that doesn't mean that they will completely replace man-power. Someone will still have to look after those Robotic system.

3. Don't think so.

4. You mean online bookstores? Or physical stores? If it's the latter, then no they won't. Physical stores will still exist.

5. Hotels will never be replaced. Maybe we will see an integration between hotels and AirBnb. There are hotels that provide facilities that airbnb can't provide.
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