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181  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Galaxy games - dark metaverse on: February 03, 2022, 07:54:43 PM
Token launch

Our launch was fair. The fairest in the Universe. No team allocations, no private
sale
, and zero tokenomics.
~snip~

Allocation & Unlock Schedule

Total Supply at GLX opening: 720,000,000glx
Initial GLX Supply: 36,000,000 glx
Private Sale Price: $0.05
Public Sale Price (GLX): $0.07
Listing Price (GLX): $0.095


Please check your post that I mark in red and give some clarification, they're rather contradictive. You state that there is no team allocation, but your tokenomy paper state the otherwise

-

You also state that you'll have no private sale, but you have a price for private sale?

Can the team explain the answers from these questions? It is very clear from the chart that you are allocating to your team, and yet, you are saying there's no team allocations? There are many contradictions here. Why claim for something that it is not?
182  Economy / Economics / Re: PEOPLE DURING THE PANDEMIC. on: February 03, 2022, 10:45:30 AM
I feel sad about those who lost their jobs and nowdays it's really hard to find one that's why many people want to learn about cryptocurrency but unfortunately, many of them didnt get the best guide to start and in the end they got stuck when investing in the bullish market. I saw some people bad mouth about crypto on the internet because they already lost more than 50% from what they invested.
Some people are really desperate on getting money, especially those that have family to care for and they happened to lose their jobs in the midst of the pandemic when everything is getting really costly.

It’s not going to be easy, and since they are looking for a quick means for them to get back on their feet financially and start taking responsibilities that are left for them, they would be the ones to likely fall for all those scammers that they would meet in the cryptocurrency market, because they would be look for a quick means to be getting money.

Indeed, this is one of the challenging times that humanity experienced and still experiencing. For those who have families, a lot are having difficulty to make ends meet. But we can always look for alternatives to find ways how to survive. Don't wait for someone to help you. There's a simple saying, if there's a will, there's a way. So even if the situation is difficult, one can always find a way how to augment your basic needs. Sometimes the situation may seem hopeless but we can always find a way how to address the immediate problem. Don't just give up.
183  Bitcoin / Bitcoin Discussion / Re: No..China Does NOT Have 0% of the Hashrate on: February 02, 2022, 11:59:41 PM
The majority of Chinese miners had to move due to the government pressure. China definitely doesn’t have 0% of the hashrate though, the remaining miners there just went underground & I don’t blame them. I would hate to live in a communist country like China.

I guess only the big ones have suspended their operations and relocated, while the little ones are still in the game and still use some private hydropower sources that keep them off the radar in some way. It is estimated that one-third of hydropower plants are small power plants with a capacity of less than 50 megawatts.

I don't know where you live, but a good part of the communist atmosphere has moved far to the west, people on the streets are beaten by police only because they have a different (critical opinion), and soon they will pay fines if they are not vaccinated. I’ve watched a few international documentaries about China in recent months, and not everything is exactly as it seems at first glance.

I am on the side that some are mining under the radar of their government. Only those big mining facilities are shutdown because it is easy to see their operation. And for those who are using their renewable energy source, they can operate silently if they know how to go around their government rules and protocols.

This article was written late last year - https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-miners-.html, and it mentioned that about 20% of the worldwide btc network remains in China. And they presented that some are indeed mining underground just like Ben in the story.
184  Bitcoin / Bitcoin Discussion / Re: Am I the only one who loves BTC but hates the Metaverse idea and the NFTs? on: February 02, 2022, 11:33:22 PM
I don't think you're alone, I don't like it,but  I don't hate it, the metavers project doesn't interest me in all respects, just like you humans will look stupid with their virtual glasses, I hope metavers fail because I as a parent are afraid if my child uses glasses that, can't control what he sees in the glasses

yes animated porn will be a thing, but then porn is available on the web already.
im sure facebook will ask for ID to age check who can enter certain zones

There will be some type of restrictions here because if not this metaverse concept is dangerous for youngsters especially if they are not guided by their parents. Though I am not into NFT or metaverse, but I believe, these concepts are helping the awareness in crypto among people. I also like the fact that some never-heard good artists can sell their arts now. Because the reality is only popular artists can have their art exhibits. There are so many artists that are underrated and now, this is their chance to show to the world what they have done in a very economical way.
185  Economy / Economics / Re: Can Binance action revitalize Nigeria community? on: February 02, 2022, 11:05:06 PM
What kind of restriction are they imposing to Nigerian accounts? I know binance has compulsory KYC so they will know who are their Nigerian users but any additional restriction they are not allowed to do?
And also even if they have strict rules about Nigerian accounts, scammers can always operate outside Binance. So they may lessen the scamming under their platform but outside, they have no control of that.
186  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think BSC token with rewards in BNB are sustainable in the long term? on: February 01, 2022, 11:53:50 PM
just think of it as staking that in returns gives you some allocation of an airdrop and bounties, these staking with rewards in form of BNB, BUSD, and USDT is just part of their strategy in building their community for their newly generated BSC altcoin.
the rewards itself could be well being provided by the team behind that altcoin and maybe it will eventually gets drained up, also most of these kind of staking is only for short term, rarely I see some of them that gives long term staking because its just for marketing. if the reward was coming from staking and i think that's fine but it may be different when it come from another thing like the creator was distributing the reward to the holders.
im sure this can't sustain for long term. Very bad token to be bought


They can only sustain the staking rewards if the platform itself is generating income aside from the users who will put their funds into the platform. That means, they should be earning not only from the coins of their users but they have other strong use case in the market where even non stakers are using it. But if they solely rely to stakers, then, it is like a ponzi scheme to me. The lifespan will be short because once these stakers pulled out their funds, the platform will crumble. Because they have no other source of income.
187  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why people keep "investing" money in shit/memecoins? Genuine question. on: January 31, 2022, 11:14:56 PM
Because shiba inu made 88 MILLION percentage gain in a year. Yes you read that right. So upside for investing $1 shitcoin can be insanely profitable especially when you get in early. There's no other reason then that. It's basically a ponzi as you need more and more people to shill it.

But i relate to these people as i made most of my money with coins i didn't really even like and that made me a better swing trader, because i could sell them without any hesitation as there was no attachment to then.

That's the main reason why people keep on investing on meme or crap coins because they are hoping that one day they will struck their luck and get rich. It is not that they believe their purpose but it is more on hoping that they will gain something from it. So it is not only newbie, even long time crypto users are trying to get hands on it. Because if they will shell out small funds, that would be nothing for some people. As a crypto user who gained from investing in different coins, you understand the feeling of these users who will invest on these meme coins. At the end of the day, it is your profit that matters whether it comes from a crap project. But if you lose, those devs don't care about your funds.
188  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Your Expectation About Polygon (MATIC) Token for 2022 on: January 31, 2022, 10:34:17 PM
Polygon is a wonderful project where I was able to make 3× of my capital with 4 months of holding. It was an interesting project and I'm willing to buy more position if the market keeps falling again. No time to waste here.

I was surprised with the movement of Polygon which had made many Investors millionaire because I sensed that this token is going to go far.

MATIC for me is promising as they have actual working network. Some platforms are already using their services. So for me, the price right now, which is, $1.65, will increase once bitcoin is in the bullish run again. The good thing about this project is they have technology and not just a pump and dump coin. But we will see their performance if more projects will get the interest of using their network.
189  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you invest in new Gaming projects? on: January 30, 2022, 11:59:08 PM
lately a lot of people are getting into new game projects and getting into Nft games and I don't think it will last long if they just follow the trend without understanding game projects, I personally haven't gotten into game projects because I don't understand yet and still have a little my understanding in game projects, maybe I will enter into gaming if I understand it.


One should study the project itself before investing any amount to them. Check if they have long term plans for the gaming platform, because if they just go with the flow, it means, they can easily disappear once they pocketed what they want. Most of these gaming sites are only here for the hype, but the longevity will be the problem here. Can they sustain active players in the long run? What are the features that are telling you they have long-term plan for the project?
190  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it Better to Hodl or Stake your Tokens? on: January 30, 2022, 11:26:27 PM
Of course staking, but I recommend staking on coins that have a strong reputation such as BNB, Cardano, Matic or others., I've staking at Pancake several times and the results are quite good, especially if we farm then we can get APR up to 300% and of course this is very profitable than just holding in the wallet.

Like you said, it depends on the coin you want to stake because not all alts are profitable. Just like not every alt is worth holding. Also, if you are staking in a third party platform, better secure that your funds are safe, like for example in binance. Though they may not be offering high APY as compared to other platforms but at least you are sure that you can get your money back when unexpected things occur like hacking. Binance has their SAFU in place, which means, your funds are insured. But with other sites, once they are hacked, you can never be sure if you will ever get back your funds.
191  Economy / Economics / Re: Facebook Diem on the run for launch on: January 30, 2022, 10:26:19 PM
My two questions are.. does anyone even use Facebook anymore? I haven't checked it out in years and I feel better than ever before.

And then, how do people still trust them?
Most people were still using Facebook are matured or old, it's cringey to see the timeline are full load of birthday messages. However the rest shift to use Instagram as the UI is more modern.

Facebook, Instagram, Chrome, and Whatsapp doesn't care about privacy and they store any data your submitted to them. Using all of them are worse, they will know anything from you. Let's say you search "Cheese" on Facebook, don't surprised if you see Cheese ads on Instagram.

well because IG and FB can be connected because of one production maybe, so what we are looking for between one of them will definitely appear in one of them,
sometimes I can't understand why Mark has the ambition to have tokens for his platform, it's not efficient to pay through fiat only, and this will allow the legacy of his lovers

It is on you now what information you will share with these social media sites. But I believe Zuckerberg will not stop exploring the possibility of having their own coin in his social media platforms. A lot of people are still using like for example FB, younger generation that like to disclose all their activities to the public. He will always get good number of supporters because the platform itself has large audience.
192  Economy / Trading Discussion / Re: Arbitrage in crypto on: January 30, 2022, 09:28:56 PM
Trading in the stock market is a thing, but doing it in the crypto market is almost exclusively for professionals (and many people keep ignoring this) and takes years and years of hard study to make it work properly without liquidating your savings.

But I was wondering if any of you tried arbitrage on the crypto market (I'm choosing this option because it is relatively less risky than normal trading, basically the main effort is to find those pricing errors and "exploit" them without incurring in a front-run).

Do you have any experience with this method, which software/programs do you use and what tutorials do you follow to learn it?
Without a doubt you are going to need a piece of software to take advantage of arbitrage opportunities as it is impossible to take advantage of them otherwise, however do you have the capital to pull this off? Arbitrage trading can be profitable but since the profit of each trade is low and you need to have several accounts in different exchanges then the amount of money needed to become profitable is incredibly high, so unless you can fulfill this requirement then you should forget about it for the time being.

This is true. Because if you only have small funds in arbitrage trading, I don't think it is worth your doing this tedious activity for small to no profit. Better hold and wait for the coin to increase its value. But if you have lots of spare time, and good skills, why not? But later on, you will realize, you are spending a lot of time for small profits and you will get burnt out.
193  Bitcoin / Bitcoin Discussion / Re: Brazilian mayor to reportedly invest 1% of city funds in Bitcoin on: January 30, 2022, 07:59:08 PM
Investing 1% of the city funds is almost nothing, I didn't know how much the overall fund they had but I think 1% allocated is a very small amount.
You didn't think that 1% was significant? Well, I think it is. What we should be looking at is the amount involved in the whole thing. Let's assume that the city fund is $10billion, wouldn't that 1% be $100 million? Wouldn't that be an appreciable amount of investment? But of course, it will be. You know like they say, drops of water make an ocean or the other one – Block by block a house is built. I think that gesture should be applauded in expectations that more will be done or that more cities will join in. So, for me it's a plus.

I agree with you here. We don't know how much funds they have. So that 1% is big if they have big funds in their coffers. And also, if they will continuously do this type of investment, in time, it will also be big. It may be nothing for the moment, but as years go by and if the btc value will further increase, then its value will be a significant one in the future. With this initiative, even if they are starting small, it means, they are seeing the potential of btc investments in the future.
194  Economy / Economics / Re: Dealing with tax and crypto ban on: January 29, 2022, 11:50:54 PM
Zimbabwe has notorious up and downs with their currency. At one point even having a 1 trillion dollar note being worth 40 US cents. So obviously they need to get ahead and what is the future of our world economics? Crypto.
Is bitcoin exclusively for the poor? There is something eluding my understanding.
When El Salvador made bitcoin a legal tender, it was said that they need to get ahead because of their financial situation. Perhaps, they have no currency of theirs but depending on US dollars.
Now that Zimbabwe what to make provisions for paying taxes with crypto, it is said again that need to get ahead.

...But even if there was tax evasion, my guess is that having a lot of people engaged in mining and other crypto activities is helping the economy in an indirect way.
I was actually of the opinion that people having alot of mining activities in China was helping the country. Not until when they banned bitcoin mining and there was no effect in their economy.
I would rather pray that every country adopt bitcoin averagely than for a particular country to politically monopolise it.

In time, the government will see the benefits to its citizens. For those who can earn money via this industry, they will not be a burden of their government and I hope, someday these countries banning the use of crypto will be enlightened that somehow this market is helping their citizens to uplift their standards of living. Because most people are not receiving any benefits from their government so they need to find ways to survive.
195  Economy / Speculation / Re: What make people panic sell? on: January 29, 2022, 11:27:22 PM
One of the reasons people panic is because of fear and greed. many people feel afraid and greedy when the price of bitcoin moves up after a long time of no meaningful movement. When the price of bitcoin begins to touch its peak, many people want to make a profit by selling their bitcoins. The price that moves down causes people to be afraid, so more and more people are selling bitcoin again for fear of experiencing big losses.
Panicking is normal since we are just humans but once we do gain up sufficient experience then we might get used to it and instead on getting afraid you would rather be prepared or do know on what you are doing since you had experienced it back in the past.Mistakes like these specially in panic sell is talking about emotion and if this is your first time then its understandable but you would learn it later on.
Once you do gain experience then you wouldnt be easily get affected by this but not all the times because there are instances or situations which would really be put up
on a hard situation in terms of making a choice.
Right. I agree with you. sometimes we find it difficult to make a choice when we see the crypto market experiencing the deepest crash that makes someone panic. But if you've already gained experience, then we avoid checking our own investments when the crypto market is volatile. Because this can trigger the emergence of temporary emotions that lead to wrong decision-making. For example, making a purchase or sale at the wrong time. Therefore, when the crypto market is falling, keep doing technical analysis by looking at short and long-term trends through price charts so that can determine the right time to sell and not get carried away by FUD and FOMO.

Or look at the bigger picture. If your instincts is saying that this is just another dip and later on, it will recover. Then, don't spend too much time checking your portfolio as you will easily panic if you see that it is going downhill. Take a break. Look for another day. This will be easier if you don't have urgent needs for your money. So if you are in this market, make sure your investments are not your last funds and are for your basic needs. Because if that is the case, panic and being paranoid in the market is your enemy here.
196  Economy / Economics / Re: Which business profit model do you prefer? on: January 29, 2022, 10:32:36 PM
I've been giving this a lot of thought lately, Which kind of  business model would you prefer, will you prefer the kind of business where profit can be  from both the rich and poor, that is huge profits occasionally and small profits daily?

 Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
In the business world there will be ups and downs, as you say. But if you ask about it, I'd choose a consistent business. Where the business that I do reaches all, and of course has a long-term income. Not sometimes there, sometimes not. It's fine for me to make a small profit as long as it's continuous.
Wanna suppose to say the same thing on this kind of behavior which is really a very normal scenario or condition on which business couldnt really be always on good profits on which
there are really times which you could really earn small or doesnt really have anything at all.Thing here is that you should be mindful on how to sustain your business despite of those
conditions because if you do really able to bare those storms and challenges which basically means that your business is actually doing good and sustainable
and this thing what matter most.

I would prefer the same. Because how can you sustain the business if the profit will only come occasionally? I would go for regular small profits but I am amenable to the fact that there may be losses at some points. But would be great if you will get a regular income as you need to keep your business afloat. Also, if you have other employees, you also need to give their regular salary and not when you only have profit. So for me, better to have a regular income for the business, whether small or big profit or sometimes losses, as long as you can sustain your business and keep it surviving.
197  Economy / Trading Discussion / Re: Bitcoin is available on NO KYC Crypton Exchange on: January 29, 2022, 09:40:22 PM
If you are going promote an exchange, make a proper announcement thread and promote your exchange. Why would someone want to use a new unknown exchange while there are already other exchange where you can trade without KYC (but with some restriction which shouldn't be an issue unless your trading volume is very large). There is Kraken, huobi and kucoin that doesn't require any KYC unless you wish to deposit or sell for fiat currency.

Aside from that, he is promoting the UUSD coin, I won't trust this stablecoin. Yes, it is anonymous, but can you trust this coin? As suggested above, better make a new thread promoting this exchange under services section. Most users are hesitant to use a new exchange even if they are not requiring KYC. It would take time before a trader trust a new one. Most are still going to trusted trading platforms with good liquidity like kucoin. With many exit games happening, the OP should understand why users are in doubt about a relatively new exchange site.
198  Economy / Trading Discussion / Re: Choosing the right exchange on: January 28, 2022, 11:37:14 PM
Well a personal experience will tell you that trading on a high volume exchange is better. Between the two you mentioned, I will suggest kucoin for you. It has volume higher and resell won't be your problem because of the numbers of willing to buy traders in there. Your orders won't take long to be taken both for buy or sell.

Usually high volume exchange has faster rate of fulfilling your orders. But it depends on the coin in question here because it varies from one exchange to another. Also, the movement may be fast so whatever the OP posted will change in a matter of minutes. So he needs to consider that as well. The figures he was looking at that time, may change upon the execution of his order. He needs to observe the two exchanges on how the orders are getting filled for that particular coin.
199  Alternate cryptocurrencies / Altcoin Discussion / Re: Still not satisfied with crypto games on: January 28, 2022, 10:12:35 PM
Getting bored with crypto gaming projects, I'd like to make money out of something fun to play but with crypto games it's really about the money you will make out of the games, I've not seen real good game Devs utilizing the power of blockchain or maybe it's my taste of games that im used to, I just still prefer spending more time on my Xbox than crypto games because it's more fun than crypto games
It's maybe the taste of games that you want to play.

Most of the games are good but if you don't like the gameplay despite being profitable, you're not going to play with and even you have the budget in doing so.

Spending time with your xbox or any console really is enjoying and I would love to have my own PS5 too and of course with the games that I like as well. Maybe for this year, there would be more interesting NFT games and hopefully no more scams and rugpulls.

I don't think that your wish of no more scams or rugpulls will not happen. Because as scammers learn how to exhaust money from the new hype, they will always try to screw naive users. That's actually their job, to find ways hot to extract money from unknowingly users.

But I believe, the OP can always find a good game, he just needs to look around. I recently saw new project that is free to play to earn their tokens. So if he got bored with crypto games, why not look for other games. Everyone has their own turning point when it comes to what they are doing, I agree with that. But it is your own self who will look for other avenues how to make your time valuable. So if you are not satisfied with your current activity, you always have the prerogative to look for a new one.
200  Economy / Economics / Re: Overseing health and environmental impact of high energy required in Bitcoin on: January 28, 2022, 08:54:15 PM
I do not know why there is a link between Bitcoin and the carbon footprint, as Bitcoin mining requires energy from whatever source, and the continuation of research may lead us to create devices that cost less energy, and renewable energy sources will be more.

The problem of energy is global, and when more research and other things are done, we will find that the voices calling for mining problems will be reduced.

In general, the media has a role in this misconception, in the past it was linked between Bitcoin and dark activities, now it is linked to wasting electricity.

Because the anti-bitcoin people will always look for something negative about bitcoin and they will highlight it. But if you look at the bigger picture, it is actually not a problem. Just take a look at what Lucius posted about bitcoin mining energy consumption vs the energy loss worldwide. Why not these anti-bitcoin or anti-crypto find ways on how to prevent those energy losses instead of criticizing bitcoin mining? At least with btc mining, it is helping a lot of people. If an entity doesn't like certain industry, they will try to ruin it by throwing negative comments even without solid basis.
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