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1741  Economy / Economics / Re: Why the economic growth of Bitcoin will show a positive impact in upcoming days on: April 23, 2019, 12:53:21 PM
For me the question is how far the superstars serious to involved and care about cryptocurrency because all i know they joining crypto world mostly invited or promote their own projects related to crypto and i think they not so different such as most people when joining that they targetting huge profit and maybe big possibility when they lost they will leave it so in my view superstars joining crypto or not it does not have huge impact for crypto world

The only super star here is Bitcoin.  Tongue

The celebrities people seem to be excited about are nothing more than parasites trying to ride on Bitcoin till they sucked out enough blood and there is nothing more to gain.

The most annoying thing about celebrities is that they don't know what the difference is between Bitcoin and a random shitcoin claiming to change the world or be the next Bitcoin or Ethereum. These clowns will end up shilling certain altcoins they 'believe' in and the herd will follow. Perfect environment for McAfee style pump and dumps.
1742  Economy / Economics / Re: Trump security adviser unveils new U.S. sanctions to pressure Cuba, Venezuela on: April 23, 2019, 12:37:30 PM
I don't really care about those sanctions. I'm not buying anything from there and not willing to visit Venezuela.
In case with crypto it also won't have any impact. Venezuela is a country where people got 6.70$ monthly income and a huge inflation. I'm a humble BTC holder but even BTC stash is equal to a monthly income of some hundreds of venezuelans. Their satoshies got no income on the general picture.

I think you're missing the bigger picture here. Admittedly, a country such as Venezuela can't do much on its own, but in that region there are plenty of more countries that are going through similar problems, and they all contribute to a growing overall demand for Bitcoin.

The lowest class (the people with $6.70 monthly you are referring to) aren't those who actually buy into Bitcoin, but the classes above them. People with money have the most to lose but also the most incentive to protect that what is left of their wealth. I'm certain that we haven't even seen 1% of what these countries are capable of in terms of Bitcoin adoption.
1743  Economy / Speculation / Re: ‘In Crypto We Trust’: Circle CEO Pumps Blockchain at IMF Meeting on: April 23, 2019, 10:51:15 AM
Isn't the USDC token from them?
It's both Circle and Coinbase being the main entities behind USDC. https://www.centre.io/usdc

Wouldn't he be meaning USDC when mentioning “Money and Payments in the Digital Age”? Of course like the other stablecoins you would need to pay the fee in the coin's blockchain its running from, so its also a poor substitude.

Want to send some usdc? did you add enough eth in your wallet first? Nope, not going to work...
It's an interesting topic for sure, because Vitalik has always been against economical abstraction, but it's obvious that he wants you to buy Ether in order to play around with tokens running on top of Ethereum. What Vitalik wants, that happens. I don't think he will ever allow fees to be paid in the tokens people use instead of being forced to always have a little bit of Ether in your wallet.

I read an article like a few months ago where TRON was said to be free to use (i.e. that there are no fees). If that's actually the case, then their USDT tokens can be transferred natively without having TRON in your wallet.
1744  Economy / Speculation / Re: Bitcoin price will hit $1 million in 2020 because of mathematics: John McAfee on: April 23, 2019, 10:12:11 AM
what's his end game though? if he manages to stay relevant and people keep talking about him, what's the point? i used to think he was using his notoriety as a pretense in his case with the australian tax authorities but more and more he just appears like a madman.

Craig is an absolute lunatic. I am not exactly sure what his end game is, but I'm more and more convinced that he is not interested in Bitcoin itself, but more so to turn this whole ecosystem into one pile of rubbish. It's purely speculation on my end, but it could very well be that he is a government or banking shill.

I remember how people made fun of Jihan saying that he is a Blockstream spy, but he might actually have a point there.
1745  Bitcoin / Press / Re: [2019-04-20] Bitcoin podcaster Peter McCormack offers Craig Wright £100,000 to.. on: April 23, 2019, 07:20:09 AM
What is the point of hiding when you have not done anything wrong and only contribute a great innovation to society ? I bet he died because of his old age.

What's the point of hiding? How about not having paid tax over close to 1 million Bitcoins, and that for nearly a decade now? How about governments internally having put a price on his head?

The great innovation you are referring to is something that has the potential to significantly disrupt the power of the governments with their firmly isolated financial systems. If satoshi ever pops up somewhere, he won't be able to enjoy his freedom anymore because governments will throw him in prison and seize all his coins.

Satoshi has everything to lose by going public at this stage, but everything to gain by patiently waiting for Bitcoin to be that world reserve currency.
1746  Bitcoin / Press / Re: [2019-04-22] You Can Now Shop With Bitcoin on Amazon Using Lightning on: April 23, 2019, 06:25:49 AM
So merchants will not receive or any options to receive bitcoin instead fiat nor even Amazon itself.

Though this is really a huge significant adoption and another milestone for bitcoin as a huge company like amazon integrate it as one of its payment method. It's a matter of when for the other marketplace/company integrate bitcoin as payment method especially with lightning.

Amazon didn't integrate anything. I don't even think Amazon is aware of this at all.  Cheesy

It's just a browser extension you can link to pretty much any site accepting similar legacy payment options. It's still cool, but less cool than it looks.

I have been using PurseIO for over a year now, and while they are a big blocker service, they do offer a very useful service to Bitcoiners to buy any item from Amazon with discounts up to 25%, now that's what I consider super cool.
1747  Bitcoin / Press / Re: [2019-04-18] Corporate Traveller Now Accepts Bitcoin Payments on: April 23, 2019, 06:07:09 AM
That does not make their attempts to market their sites right by using clickbait titles and hype articles. I reckon it is close to unethical because they are supposed to be the bringer of news which should be composed of the facts.

In a way it does, because you are donating traffic to them by posting an article that you consider clickbait, which you don't seem to like. In other words, their 'clickbait' articles do their job, and this will lead to news outlets releasing more of these articles instead of less.
1748  Economy / Speculation / Re: Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director on: April 22, 2019, 04:06:08 PM
That happens to the Bitcoin purists since they have a kind of love for BTC, they see BTC and nothing else. Then, as the saying goes, "only fools don't change" (But you're still a bit of a traitor Cheesy) There are some altcoins that are good and can be complementary for Bitcoin. If Bitcoin is the king, it needs its queen too

Nothing wrong with being a purist, but the thing that put me off was how I started following the same path as Tone Vays, which I find to be an idiot, and that's not cool at all, and actually a display of pure ignorance.

Bitcoin isn't the wonder pill that solves every pressing problem, and probably never will be. Bitcoin is extremely good in doing one thing right, and that's more than enough. Gold for example hasn't much utility to it, yet it's worth $8 trillion. This shows that doing one thing right (store of value in Gold's case) is more than enough to gain value. Bitcoin can do that much better.

Look at how popular altcoin exchanges are. More demand for altcoins translates to more demand for Bitcoin, because that's what you need to trade them.
1749  Economy / Speculation / Re: Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director on: April 22, 2019, 02:52:26 PM
But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on.  Wink

Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.

I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.

I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.
1750  Economy / Speculation / Re: Bitcoin price will hit $1 million in 2020 because of mathematics: John McAfee on: April 22, 2019, 02:22:18 PM
The sad thing about this is that his popularity will return. Every day there will be a new fanboy or fangirl,,, every day they will fall in love with the idea of 1 million dollar BTC, and every day people will forget a little more about his dark sides and unsavory characters.

I'm not sure if popularity is the right term to use, especially with how more and more people start to dislike him for who he is, even outside the world of crypto.

The thing that makes him interesting is how millions and millions of people like to read and talk about bad boys, because that's interesting. That's directly the main reason for CSW to keep suing people, threaten exchanges to initiate double spend attacks, dump BTC down to $1000, etc. Most people don't like CSW, but they still want to know what he is up to, and news outlets happily tap into that demand and release all sorts of rubbish articles.

For them bad publicity is good publicity because it introduces them to a much larger audience.
1751  Economy / Service Discussion / Re: YoBit IEO's on: April 22, 2019, 11:41:23 AM
Even better, him promoting the service in his signature is probably one of the main reasons they still have new customers to squeeze empty.. I don't understand how he doesn't fathom that.

I somehow overlooked his Yobit signature.

You are absolutely right, this dude in his very post states that they should stop behaving like scammers, yet he actually promotos the exchange with a flashy signature ad. It's like; I don't care if people get scammed as long as I get the payment from the campaign I consider to be a scam. This makes him a hypocrite and actually very shady.
1752  Bitcoin / Bitcoin Discussion / Re: What the future HODL? on: April 22, 2019, 10:24:08 AM
The whole "altcoin" thing is just a big clusterfuck. I wish I NEVER touched any altcoins. It just makes your taxes basically IMPOSSIBLE to fill after you get involved. The damn coins die so you cannot access your wallet.dat anymore as the blockchains don't sync, the exchanges die and you lose trading history (in case that you didn't save it which is most likely the case). It's just a big fuck up. Im getting rid of any alts I still have, or maybe not even that, I will just let them rot, they have only given me headaches. If you try to convert any BTC to fiat, you are going to see a nightmare of impossible-to-fill taxes.

Or just don't report any taxes in this specific case. Seriously, if you try to do the good thing but don't have any documents, screenshots, spreadsheets, etc, you're basically fucked.

The government doesn't care about how much of a brave citizen you try to be by reporting your taxes in all honesty, they are out to extort you till they have what they (very wrongly) think you owe them. My motto is; what the government doesn't know can't hurt you, financially or physically. We are a bunch of criminals and tax evaders from their perspective, so we can only do wrong.  Undecided

As for the altcoins you still have, wait for the next bull run and convert them to BTC, that's the smartest thing to do. I do that too with the wide variety of shit forks that I still haven't claimed. Even the worst possible shit coins pump hard against their BTC pair, so there isn't much to lose here.
1753  Bitcoin / Bitcoin Discussion / Re: If there is no hard fork, will the real value of Bitcoin be higher now or lower on: April 22, 2019, 09:52:11 AM
One way or another, most hardforks will fail anyway, and that money will find its way back to Bitcoin at a later stage.

The main positive side to Bitcoin and BCash is that we can now see off-chain scaling in action, and on-chain scaling. People won't ever have to ask themselves 'what if on-chain scaling could work, but because we're not putting it to the test, we don't know'. Here is the test.

I am almost 100% that on-chain scaling is not going to work long term speaking, but there apparently are people who do think it will work, so this is the best way for them to be proven wrong.
1754  Bitcoin / Press / Re: [2019-04-20]Serena Williams Puts Bitcoin (BTC) and Crypto Back in the Mainstream on: April 22, 2019, 09:32:06 AM
It's so funny how news outlets manage to blow up an innocent list of companies Serena Williams has invested in.  Cheesy

Coinbase offers a decent growth opportunity, but that's really it. It makes sense to invest in one of the largest businesses in a growing industry, but that doesn't change the fact that Coinbase is just one business her firm invested in from the over 30 that the list counts. But then again, Coinbase is also losing market share quite rapidly, so we'll see how this plays out in the future.

I rather kiss CZ's ass for equity in Binance. Cheesy
1755  Bitcoin / Press / Re: [2019-04-20] Bitcoin podcaster Peter McCormack offers Craig Wright £100,000 to.. on: April 22, 2019, 09:12:14 AM
But one thing we can sure of, is that the real Satoshi is dead.

How can you be so sure of that? Satoshi might just not have access to his coins anymore and still be around. It wouldn't surprise me if turns out that Satoshi didn't want to have that much of an economical advantage over the rest, therefore he erased his private keys and whatnot.

Just because coins don't move it doesn't mean that they are lost, or the owners are dead. Who knows, Satoshi might hold till Bitcoin becomes the world reserve currency, and then starts playing with them.
1756  Economy / Trading Discussion / Re: How to deal with greed whilst trading? on: April 21, 2019, 11:29:13 PM
Depends on how you define the greed. If you want to get your profits maximized under a set plan and strategy by speculating in Bitcoin and holding on till the all price high, that is not greed. People hodl for years to be able to claim big profits in crypto.
That to me seems to be a case of greed too. You even refer to it as being able to claim big profits. Everything we do here is driven by greed one way or another. I legit believe that greed is good, but it's good as long as you control it and don't marry with the coin or legacy asset you invest in, otherwise it will work against you.

From a gambling perspective, greed is trying to win another game to make more after you win one and since there is uncertainty in the gambling, tying to win every consecutive game is greed and is a curse in gambling.
Trading for most people is the same. They profit a few times, like the taste of it, then trade more, lose, then try to win it back and lose even more. If you can't see every individual trade (regardless of the trade being a losing or profitable one) as a new start, you are basically guaranteed to lose your funds in the long run.

Platforms as Bitmex made things even worse with how trading has actually become more similar to gambling than ever before. 100x leverage requires a 1% move to wipe out your entire balance, and in the crypto market that can happen literally a second after you opened your position.
1757  Economy / Trading Discussion / Re: Bitcoin prophesy has shown up again. Which side would you belong? on: April 21, 2019, 10:51:04 PM
It seems you are advising people to learn TA . Well actually that is a good suggestion and do not forget to know FA too, it is very important.
Fundamental analysis hasn't been worth much for people who look to make a short to medium term trade/investment. Altcoins are perfect examples of how fundamental analysis isn't doing what it should be doing. If altcoins fundamentally suck hard, which the far majority do, they shouldn't increase in value, but they still do.

But there are inside intels that is not available to us "outsiders".  Many of these so-called "experts" have a wide range of connection and groups that have the capability to affect the price of Bitcoin.  Aside from their own influence, their connection has their own influence too, so once they conspire, we can see the movement favors their predictions. 
I doubt most of the "experts" have a wide range of connections, or at least, not connections that are valuable in a market like this, otherwise they wouldn't be wrong so many times, and as we have seen, they have no power over the price in any shape or form. There is not much of a difference between an "expert" such as Mike Novogratz and you. Mike lost almost a hundred million dollars in paper value. If he was such an expert, this wouldn't happen.
1758  Bitcoin / Press / Re: [2019-04-20] Bitcoin’s Path to Retake $20,000 Could Be Slow and Painful: Analyst on: April 21, 2019, 07:05:25 PM
Why old people are not recommended to invest here? I don't see any relations between age and investing in Bitcoin. On top of that older people tend to have more spare money to invest so I do think it's a good idea for them to invest here.

I guess that he's referring to how older people have fewer years left to live and that they won't be able to benefit from Bitcoin when it eventually peaks.

---

In the end, all these entities have been wrong with their predictions, before and after the bull run, so why should we pay attention to any of their current predictions? People with little to no exposure to Bitcoin talking big are nothing more than a bunch of annoying flies. Just like that hyperwave idiot thinking that we will drop below $1000 before we can finally think about a bottom.

He doesn't understand that dropping below $1000 from where we are today isn't something to look forward to, but rather something that we should fear. If we drop to that level something has changed and the demand that we thought was relatively high ends up being hot air. I would buy that dip in an instant, but it's not something I feel comfortable with.

The only thing I can see drag the price down to $1000 is when Tether implodes and suddenly all Tethers are worthless tokens.
1759  Bitcoin / Press / Re: [2019-04-21] Bitcoin Displacing Gold Entirely Would Value BTC At $350,000: Is It on: April 21, 2019, 06:49:24 PM
I think Bitcoin is very far from being as good as gold in terms of store of value/asset/money, so $350,000 or similar price levels wouldn't be sustainable in the near future.

Bitcoin is actually better in almost all aspects already. Gold's all time high was reached in 2011 and peaked at just over $1800. Currently it hovers just under $1300 (which is a level Gold has been struggling with for over 5 years) and it doesn't seem to be willing to leave it behind for good.

As for the money aspect, it's pretty useless as money aside from high value transactions that are settled physically, but I don't consider that to be a function as money. Every physical object with value can be used like that (i.e. paintings, cars, watches, etc). Bitcoin has everything going for itself to at least usurp 50% of its total market cap.

The thing with Gold is that this asset is absolute in the sense that nothing will be able to replace it as precious metal. This gives people a lot of confidence to park their capital in Gold for decades. Bitcoin has to catch up there to obtain a similar form of absoluteness.
1760  Economy / Service Discussion / Re: bitebtc scam they don't give my account and money... on: April 21, 2019, 06:09:22 PM
You will have the question on your mind on how the hell these people find these stuffs yet searching for the popular ones thru google doesnt really break or cost you a leg.
People are shilling these exchanges on social media, so it doesn't surprise me that newbies fall for it with how they don't yet know how crappy exchanges can really be. Another thing is that most popular exchanges haven't every crap coin listed, which exchanges like bitebtc have, and let these crap coins be what newbies are interested in.

i am also not sure which exchange has taken you btc
Reading the title can be helpful, some times. Roll Eyes
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