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161  Economy / Trading Discussion / Re: Bot trading domination: Time to panic? on: January 10, 2020, 09:52:56 AM
What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.
This is years to come and well.. computers are tools. Its's people who use tools however they like or more importantly can. When quantum computing comes to reality for trading it would be way better to be among the people who know how to use them. Don't treat it like a bad thing, we need to understand that it is simply technology changing and it is only our own problem if we refuse to use it because we don't wanna learn something different.
Each cryptocurrency user is wary of this, especially when it comes to a quantum computer and its capabilities.  Based on this, the most important question about the security of cryptocurrency sounds.  In addition, if we talk about the real possibilities of trading bots, then with the increase in software capabilities, which allows smart programs to replace the human mind for market analysis and choose more suitable moments for transactions, then with the gradual improvement of the technical characteristics of such programs, the use of trading bots can be  global and this should not be scary, as a person begins to use High Technologies everywhere to facilitate his work.
Not actually quantum resistance of cryptography, but rather the fact, that quantum computer (we have spoken with IBM employees responsible for quantum computers and they confirmed that) have enormous potential for big data processing and forecasting effects of something over a time (they mentioned explicitly climate change, weather or effects of experiments to save costs) - therefore quantum computer-based bots in the next 20 years can potentially be very effective trading tools.
On the beginning, of course, available just to the biggest players due to the fact, that quantum computers to operate require very specific conditions and adaptations of whole buildings so far.
162  Other / Serious discussion / Re: The risk of investing in cryptocurrency on: January 09, 2020, 04:42:14 PM
As well one should consider one important thing - some cryptocurrencies had been invented as a mere tool, not a speculative investment. Therefore you might buy some very promising crypto at $100 level, but it would turn out it is doing fine with its blockchain and meeting its goals when its price is relatively stable at $30s.

Of course, if we are speaking about risk and profit ratio - pump and dump schemes are a good example of that. Depending on the moment you enter such scheme, you may make a few hundred percents of the investment, or spend money for a worthless token. Btw. P&D is banned on stocks for a long time by now, but not on cryptocurrencies.
163  Other / Serious discussion / Re: In restrospective, how do you explain and assess 2017 run? on: January 09, 2020, 04:33:55 PM
This was a good example of how mass-media can fuel the hype and actively participate in the creation of a bubble leading to terrible losses and harming crypto environment.

In TV, many non-crypto oriented websites we kept constant inflow of how great bitcoin is, greatest investment in history...and as such unfortunately it made thousands of people looking for easy and cheap investment to put their savings in BTC close to the peak of the bubble. People who knew nothing about blockchain and never heard about BTC before.
Hell, even taxi drivers at 3 AM were so overenthusiastic about BTC.

This is why ATH of 2017 was beyond reasonable expectations.

And in our eyes, this 2017 run resulted in strengthening the whales - who literally could make a fortune, and then slowly in 2018 and beginning of 2019 could hoard their portfolios - and the panic and crypto winter made this job easy.
164  Economy / Trading Discussion / Re: Easy way to accumulate BTC while still Hodling. on: January 09, 2020, 04:26:00 PM
Just to remind, PayPal is not crypto-friendly (unless you sell a hardware wallet with cryptocurrency on it and have a proof of shipping it).
It is not friendly towards any sort of digital goods in general (there had been many cases that someone sold eg. World of Warcraft very valuable account via PayPal, and soon lost a chargeback case against the buyer who then got back both money and had ownership of account).
165  Economy / Economics / Re: Global Wave of Debt Is Largest, Fastest in 50 Years on: January 09, 2020, 04:17:37 PM

In my opinion, the answer is no. Because one of the symbols of a country's sovereignty is its national currency. It is impossible for a government to surrender its authority to a decentralized system. Unless it is because of TINA (there is no alternative) as happened in Venezuela because it received a total embargo from the United States.

Switching to a gold-based system is more likely to be done by some countries in the long run. Some Islamic countries have started to initiate currencies with gold guarantees. But preparing the network transition infrastructure from a fiat system with a new system will take a long time.

EU had proven, that in some cases resigning from own currency could have been harmful in case of crisis. Spain or Greece suffer damages from the last (a decade ago!) financial crisis, and as they could not manipulate its own currency and are unwilling to make really hard reforms.
Yet as long as Bretton Woods agreement is still in force, it is hard to believe that going back to the gold standard or switching to BTC as the worlds currency (instead of USD) will happen in the next several decades.
166  Economy / Trading Discussion / Re: Does auto trading bot make good profit ? on: January 09, 2020, 04:10:11 PM
Trading bots are not very good. Automatic trading bots are only programmed to execute orders such as buy or sell and place Stop Loss exactly as the program formula. Trading bots are also less able to adjust to certain market conditions because basically the way of thinking of trading robots is designed linearly, while at the time of news release the movements move fluctuated and randomly.

Some of this issues can be potentially addressed by quantum computers. Of course not in the next 4-5 years but in more or less foreseeable future.
167  Economy / Trading Discussion / Re: Bot trading domination: Time to panic? on: January 09, 2020, 04:08:40 PM
What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.
168  Local / Polski / Re: System kreacji pieniądza. Czy dotyczy to również bitcoina? on: January 09, 2020, 03:45:51 PM
Rozumiem też tymczasowe instnienie coinów które faktycznie coś dodają (prywatność, smart kontrakty) tak zupelnie nie rozumiem istnienia coinów, które są szybsze/tańsze i na tym koniec (LTC i setki podobnych)

Teoretycznie sens ich istnienia zdaje się być stosunkowo prosty - by powrócić do "rdzeniowej" funkcjonalności kryptowalut. Czyli szybkiej i taniej formy płatności, a nie przede wszystkim narzędzia spekulacyjnego...


Tacy podzieleni i bez wspólnych celów nie mamy szans, aby wprowadzić Bitcoin do masowej adopcji, a co dopiero mówić o zastąpieniu walut fiducjarnych?
Dzisiaj wydaje mi się to być tylko mrzonką.

...jakim "cyfrowe złoto" czyli BTC chcąc nie chcąc zostało ze swoją reputacją. Oczywiście tutaj też możemy dyskutować, czy naprawdę konieczne jest istnienie co najmniej kilkudziesięciu kryptowalut które robią dokładnie to samo (lepiej lub gorzej) i niewiele więcej mogą zaoferować. Dlatego myśmy świadomie podjęli decyzję, że na stronach naszego kantoru będziemy mieli max. 2 najbardziej popularne kryptowaluty, ktore wraz ze swoimi blockchainami należą do każdej najbardziej użytecznej kategorii.

I jak słusznie zauważyłeś @Tytanowy Janusz w poprzednim poście, Bitcoin (w przeciwieństwie do mniejszych i nowszych projektów) przechodzi dzięki ogromowi sieci Bitcoina i konieczności uzyskiwania zgodny większości powolną ewolucję, ale nie rewolucję.



169  Local / Polski / Re: System kreacji pieniądza. Czy dotyczy to również bitcoina? on: January 09, 2020, 10:44:44 AM

Może się mylę, ale wydaje mi się, że to wszystko można zaadoptowac do bitcoina.


Otóż nie do końca:
1. Transfery w stylu XRP są o ile nam wiadomo związane dosyć mocno z centralizacją (co stoi w przeciwieństwie do założeń większości kryptowalut, od właśnie Bitcoina począwszy)
2. Anonimowość - gdyby wprowadzono tryby anonimowe jak w XMR czy ZEC, to akurat obecnie prędzej spowodowałoby to spadek do $1000 niż rajd do $1000000. Z bardzo prostego powodu - władze na całym świecie bardzo wrogo na nie patrzą: w Japonii nie uzyskasz licencji jako giełda, o ile masz je na liście, w wielu krajach jest ciśnienie, aby usuwać je z list kryptowalut (na przykład wymagając form weryfikacji tak czaso i kosztochłonnych, że nie jest opłacalna ich sprzedaż). Co więcej - wytyczne FATF już teraz dążą do wycofania privacy coins w ogóle z wymiany fiat/crypto i crypto/fiat. O ile (a wszystko na to wskazuje) będą dążyć do uniemożliwienia także wymian privacy coins/inne krypto w najbliższych kilku latach, taka funkcjonalność w BTC będzie raczej pocałunkiem śmierci, niż wartością dodaną.
170  Economy / Trading Discussion / Re: Buy bitcoin with credit card on: January 09, 2020, 09:42:55 AM
It is a risky idea if you try to do it now, although it is an investment and you're not certain that you can pay it easily.

Hence the golden rule of investing "do not risk the money you cannot afford to lose". Anyway - beside pre-paid cards, most of the cards are (especially in the Western hemisphere) often referred in general as credit cards.
171  Local / Polski / Re: System kreacji pieniądza. Czy dotyczy to również bitcoina? on: January 08, 2020, 04:53:54 PM
...Czyli co? Każdy sobie rzepkę skrobie i kto nie ostrożny ten dupa, czy jednak powinniśmy chronić społeczność i chcieć uregulowań?...

Bitcoinowa społeczność jest bardzo hermetyczna i już nie raz się przekonałem, ze najwięksi zapaleńcy, to po prostu maksymaliści, którzy nie potrafią cieszyć się ogólnym rozwojem innych kryptowalut, tylko ciągle uważają BTC za jedyną prawdziwą kryptowalutę i tak na prawdę są przeciwko innym altom, jak i regulacjom oczywiście.

Ja myślę, że takie podejście jest bardzo złe, a twierdzenie, że BTC jest najlepsze, jest po prostu niedorzeczne, biorąc pod uwagę 5000 kryptowalut.
Zawsze byłem pewien,że będziemy wspólnie budować i cieszyć się nowymi rozwiązaniami. Ja też miałem nadzieję, że bTC zastąpi waluty fiducjarne, ale gdyby miał to być Ethereum, to też nie miał bym nic przeciwko.


My mamy wrażenie, że część środowiska nie jest w stanie pojąć, iż dokonał się postęp i mamy kryptowaluty, które powstały by zapewniać określony zakres funkcjonalności i są jako takie po prostu lepsze w swojej specjalizacji (z szybszymi i tańszymi transakcjami, anonimowością, smart contractami itp.). Szczególnie, że w świadomości ogólnej Bitcoin jest postrzegany obecnie przede wszystkim jako forma inwestycji.
172  Bitcoin / Bitcoin Discussion / Re: Why bitcoin can not become a global currency on: January 08, 2020, 02:31:59 PM
Hi, Gents,

I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise, bitcoin can be always used for money laundering. If you want to launder money, you can find a cash seller everywhere. After bitcoin is bought, noone can prove whose bitcoin it is. I think this is the only think that preventing bitcoin to become a global currency. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?
It doesn't necessarily have to become a global currency per se, since as long as borders and countries exist, their respective governments will put up their own currencies, fortifying the ones that are existing if ever, nonetheless, with the current widespread state of bitcoin we can almost say that it is a global currency since anyone who has internet can get a hold of this and some other cryptocurrencies. In the case of having it become a global currency there are much more complicated matters that would need to be settled first before higher-ups consider setting up a global currency.

Anyway, the idea of wallet ID with identifiable owner of it is precisely what authorities are looking forward.
173  Alternate cryptocurrencies / Altcoin Discussion / Re: What kind of Altcoins have a future? on: January 08, 2020, 02:23:02 PM
If you are talking about altcoins that has future, i wont hesitate in telling you that ETHEREUM, NEO, XRP, XLM, BNB, MONERO AND NEO are some of the altcoins that have a bright future

As speaking of their functionality - yes, it is needed, their potential is incredible.

Still, it is rather clear that as time goes by and global regulation standards will be introduced - privacy coins would be forced to move to the shadow. Already in Japan, no exchange can get a license if it has any privacy coin listed. Even in the UK, some exchanges are already delisting them or are forced to apply a much wider scope of verification of people buying them.
174  Alternate cryptocurrencies / Altcoin Discussion / Re: Are the scam projects killing entire crypto space? on: January 08, 2020, 02:12:13 PM
Regulation-will be a "double-edged sword" as the bodies exercising control will represent and defend the interests of a particular "player" whether it is a country or a global Corporation. And from such regulation, there will be no benefit for the crypto community.

That's right. Imagine that you will have a superb idea for crypto and use of its blockchain (totally not a scam) - but the new legislation will not allow you to come to the public with it unless you meet requirements which simply cannot be met by a group of developers not backed by a multi-million companies. Many projects with a huge potential would not come to existence, or some of their solutions will not come from what users really need - but what corporation accountants dictate. This could ruin the industry.

We already see that in the gaming industries. Smaller studios known for some genres and legendary titles are purchased by the big corporations and after couple of years these titles and genres are abandoned as not giving as much revenue as expected (even if they generate profits!).
175  Alternate cryptocurrencies / Altcoin Discussion / Re: Your Expectations for year 2020 on: January 08, 2020, 01:24:28 PM
Already Bitcoin has gone up by 20%, during the first week of 2020. I hope that this trend will continue for the remainder of the year. I first entered the cryptocurrency market during 2017, and the current price movements closely resembles the situation we had back then (Bitcoin went up by +2,200% during 2017, and many of the altcoins went up by even more).

This is true, the BTC hype is pulling whole environment up as speaking of price.
176  Bitcoin / Bitcoin Discussion / Re: Why bitcoin can not become a global currency on: January 08, 2020, 12:57:52 PM
There are numerous reasons which are big hurdle in BITCOIN to become a global currency is the decentralize because government unable to control it.Government experienced many cases that BITCOIN is used in money laundering and illegal funding for illegal activities.
Bitcoin is fruitful for stable economy if government find the way to control and track the transactions,Because transactions will generate revenue in form of tax that revenue can be used for further development and infrastructure of the country.
Unless the USA is the biggest economy and its currency has the status of an international one, there is a very little chance for BTC to replace it. As well, the fiat currencies are way more often used for money laundering and illegal activities. Especially in a physical form.

As well, if it not controlled, country cannot manipulate its own economy in such easy way as simply printing more fiat currency out of thin air, but would need to make serious and unpopular decisions instead. This is why until now, some countries of the Eurozone - like Spain and Greece are not fully recovered from the last economic crisis.

In general, BTC transactions can be tracked, and with current FATF guidelines and direction of new legislation - the general goal is that like with wire bank transfers both sending and receiving party will be fully identifiable.
177  Economy / Speculation / Re: bitcoin price with news and its future on: January 08, 2020, 12:25:17 PM
[Bitcoin is not a real safe asset

It was not yet really tested as one. Remember, that it came into being after the last economic crisis. Although no one really wants an economic crisis, but without one we are not able to check that.
178  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin fail if Satoshi is found? on: January 08, 2020, 11:55:06 AM
According to me even if satoshi is found, there won't be any impact on cryptocurrencies, crypto has went this vast. Cryptocurrencies being decentralized there's no one to control the crypto nor its creator.

Theoretically, if the real Satoshi would be back and sold all BTC he owns in a short period of time (let's say 24h), we could see a true bloodbath and incredible panic on the market. Even a short drop below $1000 would not be impossible.
Well, it would not even need to be a real Satoshi, but someone gaining control over these Bitcoins...
179  Bitcoin / Bitcoin Discussion / Re: What is the fate of Scammers if bitcoin later becomes a traceable Currency. on: January 08, 2020, 11:50:32 AM
I don't think that will ever happen, as Bitcoin is a decentralized network, so you can't trace the scammers. If it becomes possible, I think Satoshi Nakamoto needs to come back! Everyone saying Blockchain can track the transaction records but I don't know how you get that man's address, identity through the transaction! No way at all. If every exchange asks KYC for withdrawal money then maybe scammers will not fool us anymore.
Of course you can! The more transactions on a single wallet, the easier it is to track scammer. Already many of silk road users participating in illegal activities are facing charges or already had been imprisoned. And yes, KYC/AMLP/FATF norms require verification for withdrawals, and already there had been cases where scammers wallets on some big exchanges had been suspended, as the stolen crypto was traced there.

As well, this is one of the reasons why officials in many countries are gradually starting to fight privacy coins.
180  Local / Polski / Re: System kreacji pieniądza. Czy dotyczy to również bitcoina? on: January 08, 2020, 09:24:46 AM
Każdy sobie rzepkę skrobie i kto nie ostrożny ten dupa, czy jednak powinniśmy chronić społeczność i chcieć uregulowań? No bo wiadomo, że bez tego, to wały będą non stop, już nie mówiąc o takich hecach jak z ICO.

Ps. Nie wiem, czy dobrze zadałem to pytanie. Mam nadzieję, że rozumiecie o co chodzi.
Z regulacjami jest trochę strach, bo tworzący prawo nie rozumieją blockchain jako takiego - obecne regulacje to jest w zasadzie kalka prawa dotyczącego banków i kantorów fiat bez zrozumienia zasad rządzących blockchain. Które to regulacje (jak np. weryfikacja po szeregu dokumentów) zwiększają koszty i powodują opóźnienia w dokonywaniu transakcji.

Istnieje zatem ryzyko, że już wkrótce aby móc przekroczyć roczny obrót kryptowalut powyżej np. 100 000 pln, będziesz zobligowany do ukończenia kursów dla maklerów (z licencją brokerską) lub przedstawić rachunki potwierdzające, że kryptowaluty były użyte do zapłaty za coś - bo ktoś mądry w Brukseli tak wkrótce stwierdzi.
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