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161  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum ERC20 Tokens Are Gaining in Total Market Capitalization on: November 18, 2019, 10:51:58 AM
Surprising, given the fact that some people seem to hold the view that ERC20 is outdated and is going to be replaced by platforms such as TRX or whatnot that are relatively new and also host utility tokens like BTT.

It just goes to show that ETH is still going strong and isn't likely to change in the near future.

Again, I think that ETH could be a good long term hold because of this. ETH2.0 will be exciting developments for sure and current prices for ETH aren't that high anyhow.
162  Bitcoin / Bitcoin Discussion / Re: People are underutilizing Bitcoin on: November 18, 2019, 10:20:27 AM
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.


Thoughts?

What you're saying is undoubtly true. However, how are you going to convince people to do this?

It's easy enough to say it, but it's another thing completely for actual, practical use of BTC to be fostered.

I think that one of the most important things right now is the fact that people are only accepting BTCs through merchants - as opposed to accepting it directly through an integrated BTC accepting protocol. These merchants are essentially middlemen that we were supposed to eliminate in the first place, like Bitpay or whatever. That introduces the fiat part of the equation back into BTC, and makes no sense.
163  Other / Beginners & Help / Re: Dangerous disadvantage of web wallet. on: November 18, 2019, 09:43:44 AM
I don't really get why people don't bother to simply download electrum - the processes involved are just as easy as a web wallet, sometimes even easier given the fact that a lot of web wallets hide certain functionalities in obscure places (cough cough, blockchain.com).

Even worse are hosted wallets, where you don't have custody over your own private keys.

It essentially defies the entire point of cryptos to begin with. Absurd.
164  Bitcoin / Press / Re: [2019-11-12] Bitcoin Presented as ‘First Successful Application of Blockchain’ on: November 18, 2019, 08:41:49 AM
Quote
However, the skeptical me is asking what is the government controlled news agency's agenda for reporting this? Why today? The Chinese authorities have always been against bitcoin.

Recognition doesn't mean acceptance, in my opinion.

They are likely trying to educate the public in terms of cryptocurrencies in general and not just specifically decentralised cryptocurrencies, in order to push their own potential future cryptocoin that is imminent to launch.

This is positive news, but not really anything other than that. It's likely to not have significant repercussions in the future.
165  Alternate cryptocurrencies / Altcoin Discussion / Re: StableCoins might increase crypto adoption by big companies ? on: November 17, 2019, 07:41:39 PM
I think that is purely a myth.

Stablecoins aren't allowing institutions to adopt more. What they are allowing is people to access and trade cryptos more easily, circumventing fiat related regulations when it comes to trading because of the fact that it is a blockchain based token, retaining fungibility and anonymity to a degree of traditional cryptos.

In terms of institutions, I find it highly unlikely they'll favour stablecoins for their day to day operations as opposed to simply using existing banking services.
166  Economy / Scam Accusations / Re: [Warning] Binance-cn.com Fake Website. Stay away on: November 17, 2019, 08:35:53 AM
Thanks for the heads up.

This is actually one of the less subtle scams out there at the moment. More subtle ones take advantage of unicode to present a URL that is completely identical to the actual Binance.com domain as it fools your browser, essentially.

There's a reason why it is recommended to save exchange URLs to your browser bookmarks and NEVER click on any google ad results when searching for exchanges. Also, beware of giveaway scams where scammers may directly target your email inbox.
167  Economy / Exchanges / Re: LBC/LocalBitCoins-Can not log in on new device/laptop -Not receiving Email?? on: November 17, 2019, 08:15:34 AM
I received the emails 12 hours later lol, about 10 of them..lol

They also responded with when i contacted them, but it did not work, they said to add a weird string of letters/numbers to the login but that failed.

I simply went went back the last latest email i received, clicked the link and all OK.

It must be something their end with regards, it states 'If you do not receive an email withing an hour, try again'

Think they need to change it 10 12 hours.

Cheers

That's ridiculous, you should email their support about it.

This is unacceptable given the fact that you hold a balance with them that you're supposed to be able to access at any given time, on demand. This essentially takes away from that. They could cite technical difficulties all they want, but the onus is on them to provide users with on demand access to their funds.

Let us know what they respond with, please.
168  Alternate cryptocurrencies / Altcoin Discussion / Re: The Need to Reconsider Holding altcoins on: November 17, 2019, 07:48:19 AM
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A closer look on these two altcoins will make you have a rethink about holding some altcoins, what to hold and Not to sell off everything if you have to sell. Both token raised from zero usd to a high price. even contesting with the top 100 coins on CMC. i am sure there are other altcoins that made this moves in the market but it's quite unfortunate that few people are holding such while some has sold off.

So, before you make that decision of selling off everything that you have in wallet because the market is down and out. please reconsider before you regret your moves. you might be holding a token that worth millions in the next 2 years.

Unlikely.

Coins like these happen once in a blue moon, and there are many more examples of coins that went to absolute zero and have a dead chain essentially and never have recovered in 2-3 years time.

Don't blindly hold. I think that's the most rational thing to do. Only hold if you have reason to. If there are no long term fundamentals to back up your decision to hold then it's really a dumb thing to do .
169  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Portfolio update , your thought please on: November 17, 2019, 06:59:58 AM
I'd be more long on IOTA to be honest, and get rid of some of the coins that have only recently popped up and have relatively small market caps.

IOTA is one of the coins that I think has a ton of potential, but is liquid enough and well established enough that there is not a lot of downside risk to go with it either. So it's certainly worth going long especially in bearish conditions like right now.

The upcoming bull market will likely not drag along small caps, because institutional money simply do not flow there.
170  Bitcoin / Press / Re: [2019-11-13] Crypto Space Has Shockingly Low Total Liquidity of $500 Million on: November 16, 2019, 11:20:56 AM
Do they have any idea what actual liquidity means?

Simply put, not all liquidity is put on orderbooks, as you say. What is a much better measurement is how much demand there is at a particular point, regardless of whether or not that demand is reflected on orderbooks of exchanges.

A simple example would be OTC trades, or P2P traders. Both of them are prominent components that contribute to BTC's liquidity, yet they don't show up on any exchange's orderbooks by nature.
171  Economy / Economics / Re: Can demand from an isolated market like Argentina drive up the BTC/USD price? on: November 16, 2019, 10:51:59 AM
Will they boost demand? Absolutely. Any time there is more usage cases for BTC there will be increased demand.

But will it actually result in a big price hike like some expect? I highly doubt it, especially when you take into account how little buying power individuals have (especially in struggling economies) compared to speculators who are able to influence the market much more by simply trading on leveraged derivative products.

I remember a similar thing being raised for Venezuela, with stats on LBC showing that trading volume increased significantly - even though it was still minuscule compared to the grand scheme of the market, within a few hundred BTC a day.
172  Alternate cryptocurrencies / Altcoin Discussion / Re: How to make money by stablecoin on: November 16, 2019, 10:32:24 AM
The stablecoin issuers have obvious incentives.

Essentially, they are getting absolutely free credit. Better yet, they may even charge conversion fees in terms of deposit or withdrawal fees to convert fiat in and out of their coins. Usually, when a bank takes your funds, they have to reward you with interest. With stablecoin, it's essentially an interest free debt instrument for the issuer.

They can take your money and invest it in growth assets or even speculate on bitcoin price itself, even though it is a stablecoin and is supposed to be backed by USD fully. That's why I don't necessarily trust them, you don't know whether they're running a fractional reserve.
173  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin could reach $1,000 in a couple of years from now on: November 16, 2019, 09:54:39 AM
Highly unlikely, unless BTC itself has a significant bull run that drags up all alts.

LTC's heydays are over, and even though it still provides significant utility in facilitating cheap transactions and segwit integration, it no longer has the demand from the market like it used to - especially without smart contracts.

It seems very unlikely that it'll be able to climb in value so drastically, unless the entire crypto market sees a pump like 2017.
174  Alternate cryptocurrencies / Altcoin Discussion / Re: Prove that you shouldn't rely on icobench and others on: November 16, 2019, 08:57:19 AM
ICObench has been proven as an unreliable means of obtaining info about the project you're about to invest in.

There have been plenty of instances where ICOBench has wrongfully accredited certain projects with verification statuses when in fact later it was found they are running a fake team and project altogether.

So definitely avoid blindly trusting in their analysis. Do your own diligence, because these people are biased decision makers who accept funding from the ICOs that they rate (sort of like what happened in the GFC with ratings agencies like Moodys).
175  Alternate cryptocurrencies / Altcoin Discussion / Re: WILL Bounty campaigns Ever Keep to their Rules and Regulations on: November 14, 2019, 11:08:36 PM
No, they will not. And especially not when they aren't regulated by any industry regulators in the first place.

The fact is that bounties are a very grey area, and there are unlicensed STOs, ICOs, and whatnot that are running these campaigns that cite KYC as a requirement to get paid - even though there is no clear legislation that requires them to do so.

It's quite clear that it's just an excuse for them to not pay participants out, and it's definitely infuriating.
176  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin price shows Bullish Momentum in Bear Market on: November 14, 2019, 08:21:04 AM
I think what they were focusing on what the fact that Doge held its value while BTC slid from $9k to $8.7k within the same timeframe.

I still don't think that there is any reason to make a big fuss out of just this, though. DOGE has been historically volatile and this kind of movement is really just normal market fluctuation for DOGE. It's really no signal for a bull market.

Over the long run, Doge doesn't have much potential I don't think. At least not anymore - with the inflood of alts that have much better technology than it.
177  Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto-powered social network a trend? on: November 05, 2019, 12:59:48 AM
I don't think that it's necessarily a trend.

Steemit has been around for a long time now and we don't really see it blooming into anything major any time soon. It is way past its previous identity as one of the top altcoins, and the hype has died down very much.

I think that the reason why people used to hype up this kind of project so much is due to the fact that it generated profit for those who used it. But right now, there is no more free money to be had in crypto winter.
178  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Coins that have their own Dex (Bitshares, Komodo, ?) on: November 04, 2019, 08:12:09 PM
I do think that they will be hyped up more than the rest of the market, given the fact that people are looking for alternatives to using centrailsed exchanges which have proven to be quite unreliable over the past few years with all the regulatory tightenings and stuff like that.

However, it still depends on what project it is and the team behind it. Something like BTS isn't likely to produce any extraordinary results in the long run due to the fact that it has been around for a long while now and simply hasn't made any significant moves.

I'd say that BNB still has the edge in this one, since they essentially operate on both sides of the same coin (both centralised and decentralised exchanges).
179  Alternate cryptocurrencies / Altcoin Discussion / Re: Is BAT the DOGE killer? on: November 03, 2019, 06:50:19 AM
Why? From a functionality standpoint doge is inferior to almost all altcoins out there, given that it hasn't had any development since probably a few years back now.

There is no smart contract, no lightning network, no nothing. But yet, it still survives.

Why? Because there is a community behind it, and that people are used to trading small value items against DOGE including on exchanges, where it is a major trading pair. Community sentiment is sometimes more important than even the fundamentals.
180  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is your opinion about MinexCoin on: October 28, 2019, 12:54:43 AM
I would highly suggest that you don't look into investing in any small caps right now at all.

BTC seems to be posed for another breakout, and that usually means that alts will significantly underperform BTC. Especially the illiquid ones, once the bull run in BTC starts, you are going to likely see no returns or even negative returns as investor liquidity flows into BTC.

This coin in particular is only traded on 3 small exchanges, which is a warning sign in and of itself.
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