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1641  Other / Archival / Re: What will happen to bitcoin on a world war? on: October 03, 2020, 10:23:33 PM
war comes there is no discussion of the economy there is how to save lives, to be more precise, exchanging bitcoins for fiat money and hiding it is a foolish act of no profit because we may not necessarily live.
We survived the war, for example, we could also exchange bitcoins and bitcoins did not disappear even though the price fell, but the important thing was when the war came, we could survive.

War may come, but it will not be a world war and you can run from a local conflict.

If a real world war strikes it would have to be nuclear and all governments know that a nuclear world could make the planet uninhabitable.

We have our feuds but in the end we all want to live. Expansion or a show of force matters only when you or your kids live to see the change it made.

1642  Alternate cryptocurrencies / Altcoin Discussion / Re: I need advice about my portfolio, can someone help? on: October 03, 2020, 09:39:23 PM
Those three are all good coins,

Please prove to me that those coins that are down 70-80% in the last 3 years are god coins.

What you have chosen as your portfolio nare good coins.
No they are not.

Quote
Most of them are high cap coins. So the risk factors are very less. So you don't want to take risks.
High cap doesn't mean shit. High cap BSV crashed from 360 to 100USD in less than 3 months. If being down by 70% in 3 months is your definition of safe I wish you well in this market
1643  Bitcoin / Bitcoin Discussion / Re: Where do you store your seed? on: October 03, 2020, 09:29:16 PM
To be honest, I saved my seeds in my Google drive or Google sheet all my seeds are place in there and it is easy to use and for me it is the safest place to store my seeds.

Well, you are a honest dumb. If I h.ck your Gmail I may access all of your accounts, if there is smth inside you could loose what u got.
An advice for you, keep your wallets at a safe place such as paper wallet, cold wallets etc.


What if he encrypt the document?  Wouldn't that make it safe since you hack his gmail, you need axcrypt password?


Every layer of security that you add on top will make it harder for someone to crack.

Like you have a file with a random name, with a text inside and one of the lines is your seed. That's already a layer of security, no matter where you store the file. If you put that file into a password protected zip file that's another layer. Put that in a password protected cloud storage or email account that's another layer. Having 2fa on that account is another. You can also encrypt the file and so on.

There can be better or worse layers. Storing something online is always more accessible from anywhere in the world for you, but also more vulnerable.
1644  Alternate cryptocurrencies / Altcoin Discussion / Re: Safest cryptocurrency wallets on: October 03, 2020, 05:45:51 PM
Never use an exchange wallet to hold your coins.

Desktop or mobile wallets like coinomi are much better but if you really want high security use a hardware wallet like ledger or trezor.

When people ask me this question I always tell them teh same thing. It's your money and you have to decide how much you want to spend on security. If you hold 500 USD in crypto spending 100 on a hardware wallet is an overkill.
1645  Economy / Exchanges / Re: KuCoin Has Found The Hackers Who Stole $281 Million on: October 03, 2020, 04:51:53 PM
It's a bit of an overstatement. They found out the addresses to which the coins were transfered and made them public so that the coin teams and exchanges can block them.

They don't know who owns the addresses and about 30% of the hacked coins still was not blocked. Even if the hackers manage to liquidate 10% it's still a lot of money for them.

Also, we don't know if the 30% is really what they control. It may be more. I wouldn't trust the news coming from a hacked exchange 100%.
1646  Alternate cryptocurrencies / Altcoin Discussion / Re: Is monero a good buy because of the application? on: October 03, 2020, 04:33:29 PM
On one hand its's great because of the anonymity and the fact that even the US government with all its resources can't track the transactions.

On the other they are starting to influence exchanges around the world to stop accepting monero. There may be a time when you won't be able to trade it on any high liquidity exchanges, only on shady ones that can steal from you or get hacked and this will limit the use of this coin and lower its value.
1647  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin do you trust, BNB or ETH? on: October 03, 2020, 04:10:02 PM
I trust both BNB and ETH but i like to invest in ethereum. Because BNB is limited to Binance but there is no such limitation for ETH. There are more pair in ETH. Also i think after release of ETH 2.0, ETH price will be increased.

In other words BNB is centralized just like any other company-controlled cryptocurrency. You can see how  easy it is to destroy a company by reading the recent development in the Bitmex case.

They arrested one of the shareholders and immediately people started withdrawing money from the exchange and speculating if this is going to be a collapse similar to mtgox.
If CS gets arrested or dies you can expect a big dump on BNB.
1648  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ripple (XRP) might be the future of digital payments on: October 03, 2020, 03:59:05 PM
A centralized shitcoin like XRP will never be a future of anything but Ripple company.

It made millions of dollars making promises and selling them to gullible investors and it's going to keep making money as long as they have their premined coins to dump on the market.
1649  Alternate cryptocurrencies / Altcoin Discussion / Re: The Cryptospace is getting Worst on: October 02, 2020, 10:02:41 PM
This rope reminds me of all those ponzi coins that openly said they're ponzis and people still bought them hoping they'll be able to exit first with a profit.

People are braindead, don't blame the space when you're a part of it.

Those rope devs took the opposite approach and gained followers this way. Most projects want you to buy so they chose to do something different.
1650  Bitcoin / Bitcoin Discussion / Re: Trump gets Covid and we Crash? on: October 02, 2020, 09:42:45 PM
Imagine what would happen if Trump died.

A huge market drop and then China gets nuked -> WWIII

Hopefully he is only lying to get more votes.



Who would nuke another nuclear superpower? Only someone with a death wish.

The S&P crash coincided with the news about charges against bitmex. Also one of the people involved in the exchange was arrested, the others were not because they were outside the US.

There's nothing to worry about. Such news 2 or 3 years ago would take us down by at least 10%. The market is more mature and less volatile now than was a few years ago.
1651  Bitcoin / Bitcoin Discussion / Re: What If Captain Kirk Used Bitcoin? on: October 02, 2020, 09:30:18 PM
Dude, I have news for you, Star Trek isn’t real Grin
Seriously though, if they used bitcoin as their currency in the films then presumably as Star Trek is popular then more normies would have bought bitcoin & the price would be higher Smiley

It's pretty good though.

Do you know that in the original star trek in the 70s they used wireless communicators that had a flap? about 30 years later phones based on that design like Motorola Razr became very popular and there are new models coming up till this day.

I remember that the most popular curency was gold plated latinum but there were some rare substances out there that served the purpose of money like dilithium used by warp cores to generate power.
1652  Bitcoin / Bitcoin Discussion / Re: Mediocre/People. on: October 02, 2020, 09:21:09 PM
it's funny that my friends still think that bitcoin is a multi-level marketing product.
another friend of mine also thinks bitcoin is bitconnect.
in my country, cryptocurrency is categorized as an asset. it's forbidden to use cryptocurrency as a currency  Grin
however, it can be traded just like commodities.
then, how I am supposed to tell my friends about bitcoin?
bitcoin is a cryptocurrency that can't be used as a currency yet?  Grin

I know how you feel. When I talk about it with someone much older than me they usually ask: how much was it worth 10 years ago? less than a  dollar? and now it's 10 thousand? You poor child, don't you see it's a scam?
1653  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your HODL and favorite project on: October 01, 2020, 10:38:59 PM
I don't hold many altcoins.

I have ETH of course because it has some potential with 2.0. I bought some a year ago in the bear market and made so much profit that I'll put it in my long term wallet along with BTC.

Then there's Cardano but it's a coin that was full of promises and nothing else. I honestly don't know why I'm still holding it. 
1654  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Company Cash Reserve on: October 01, 2020, 10:21:56 PM
Not sure if the tweet is real. Holding reserves in Bitcoin seems risky.

Bitcoin is still an investment not a safe store of value for a company and it's because although I believe in Bitcoin and know it's going to gain value over time it has periods of short term bearishness where it can take months or even years before the price normalizes.

As a company you may need the money here and now because of expansion or a worse year that makes you reach for reserves. You can't wait 2 yearsfor the bear market to be over.
1655  Economy / Service Discussion / Re: Official resellers of hardware wallets. on: October 01, 2020, 10:06:58 PM
If your old trezor doesn't work maybe there's an easy fix to it.

If the screen is blank it's probably not the memory that's damaged but just the lcd driver or maybe the backlight.

It's possible you could have it fixed by someone who normally fixes phones or electronic watches. The principles are the same.

I'd trust the official resellers. I'm sure it's possible to remake the package and the seal but I've never heard of anyone who was scammed after buying a new wallet in its orginal packaging.
1656  Economy / Trading Discussion / Re: Florida man charged with scamming investors out of $6.8M in crypto trading schem on: October 01, 2020, 07:27:49 PM
This won't end well for him. What was he even thinking?

Now he's going to have to take the plea and this usually means a year or 2 behind bars and return of all stolen money.

Was it really worth it? If he tried to sell everything and run with the money I'd maybe understand his way of thinking.
1657  Economy / Economics / Re: Trump's Economy or Biden’s Economy - which version is better. on: October 01, 2020, 07:15:05 PM
Trump was really overestimated when he was taking over. People thought he'd be great for cryptocurrencies as a free market investor, shareholder and so on but he never attempted to popularize or support crypto. He's the man who likes his green.

When we look from a crypto holder's viewpoint both of them are going to be bad choices but Biden probably a worse one.

1658  Economy / Economics / Re: FOLLOW THIS RULES TO BECOME RICH on: October 01, 2020, 07:06:51 PM
Rule 2
Monitor your expenses ( Even the tip you give to a stripper)

I monitor my expenses so that I don't even consider going to strip clubs. Wink
Quote
Rule 3
Don't gamble

Tell that to professional gamblers who made fortunes this way.

Quote
Rule 4
Don't invest in women (gold diggers)

What if you ARE a woman? Don't invest in men? Cheesy
1659  Economy / Speculation / Re: Predict the bitcoin price range as we enter the New Year on: October 01, 2020, 06:48:17 PM
I think that we'll stay in the 10-12 thousand range.

I'm bullish enough to discard the possibility of sub 10 thousand unless it's a momentary dip like on september 9. That one did not even last an hour.

I also find 13-14 thousand very unlikely. If we manage to break 12 for the first time since August the price is going to catch a strong FOMO uptrend breach 14 thousand.
1660  Bitcoin / Bitcoin Discussion / Re: Openbazaar needs your support on: October 01, 2020, 06:09:04 PM
I will not support them because I haven't used them at all.

Every time someone was talking about  it on the forum I kept opening their site but there really wans't anything that I liked or thought to be priced so competitively that I'd consider buying it.

I wish them all the best because no crypto business should go bankrupt, but if that is the market's judgement, so be it.
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