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1861  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are airdrops profitable and worth my time ? on: August 16, 2019, 12:51:27 PM
OP, you’re not the first person that has experienced this kind of problem. It has happened to me several times and that is the reason why I decided to quit airdrops because they are only going to waste your time for a free work. I have done a lot of airdrops ever since I joined this community and none of them has paid, they all just wasted my time and at the end of it I never got paid for the work I did.

You shouldn’t be wasting your time in that, it is best for you that you choose signature campaigns and look for the ones that are legit or you can get into trading if you know how to do it. There are lots of other things that you can take part in, airdrops is not the only thing there is here, there are lots of other jobs as well.
1862  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra vs XRP on: August 16, 2019, 12:02:33 PM
Between the both of them I’d say that Facebook Libra will likely take the lead, though they might both coexist. Facebook is big and I believe they have more connections than Ripple will ever do because the company has been around for a very long time and is well established. So, the fight between the both of them is only going to favor Facebook and when it comes to usage, I believe that fb Libra will also have more usage and adoption than Ripple because, this is one of the biggest platform that we are talking about here, a platform that has been around for years.

So, it’s definitely going to take the lead. It hasn’t been released yet but I already seen a list of companies that plans to adopt it as soon as it’s released. I even saw eBay on the list of the companies that are going to be using Libra when it gets released. By the time you know what’s happening, Libra has already taken everything to itself.
1863  Alternate cryptocurrencies / Altcoin Discussion / Re: Top cryptocurrency in 2018 on: August 16, 2019, 08:50:16 AM
Sometimes, those predictions are still based on people’s research, just imagine, you make a research and then you find a coin that you so much believe is reliable, would you not share it with your friends, or if someone was to come on forum and ask, would you not drop your own advice too? Yeah, I know that we have a lot of people that likes to just shill their own coin to people, but it is not still bad to at least listen to those predictions, then left to us to make our own research using some of their predictions, what I don’t support is when an investor just buy a coin straight based on an opinion without further research.

You would not blame those people that do ask those question, we have too much of those coins in the market and it is really not easy to research them one after the other, I guess you have the strength to do that but I don’t.
1864  Alternate cryptocurrencies / Altcoin Discussion / Re: How to prepare for long term HODL on: August 16, 2019, 08:22:40 AM
To be a good long term holder, I think that your advises must really be adhered to strictly and one more thing that I just need to add to that aspect is that we have to make sure that we only invest any money that is easy for us to afford, and at the same time loose even though chances of losing money as a long term holder is very rare provided that we invest in a reliable quality project and also do not panic sell anytime that there is a decline in that coin.

The reason why people put their mind and heart to much in some of these project is because they invest too much in those projects, and some of them even put in their last savings into the cryptocurrency market which is a very wring step to take, and above all, we also have to make research on every project that is of interest to us.
1865  Economy / Trading Discussion / Re: Excessive confidence in cryptocurrency trading. on: August 16, 2019, 07:32:33 AM
Excessive confidence in trading will destroy anyone. Trading is a risky game and anyone who engage in it must do it with care by setting risk limit. Professional traders will advice that traders should protect their capital and limit exposure to risk. Without this the overconfident traders will end up with great losses.
Sometimes we still have to be careful in listening to some of these pro traders, is it not the same pro traders sometime that do  discourage some people from using tools that would have helped them minimize their risk.

I have seen so many pro trader on this active forum and some other forum that they don’t need to use top loss tool to minimize risk because of their over confidence, and I think they are the ones really practicing this over confidence in trade the more, just because they feel they are good at analyses, and any newbie seeing that would definitely think that it is not necessary to make use of these tools, and there is absolutely no way, one can control emotion, control over confidence and even control greed without actually making use of these trading tools.
1866  Economy / Trading Discussion / Re: Should we have to follow the footmarks of top traders? on: August 16, 2019, 06:48:40 AM
Everyone new traders need a mentor, it is when you have a mentor that has taken you far to some extent that you will continue where he has stopped, the mistake some of us made from the beginning was to start trading live immediately our mentor takes us through trading, meanwhile, we are meant to first of all, explore more ourselves and look for more strategies before we engage fully in a live trade.

There is no one that can really learn quick without following top traders first, they didn’t become top traders too on their own, they must have had some other pro traders they have relied on, we only have few people that are born smart, those are the ones that are very gifted learning on their own, and even with that, they still watch YouTube of top trader to learn, so they indirectly rely on pro traders first too.
1867  Economy / Trading Discussion / Re: Sold too damn early!! Kicking myself... on: August 15, 2019, 07:00:36 PM
At current price of Bitcoin, you can still buy Bitcoin and position yourself as I see that price of Bitcoin may start to climb again after this month of August. As I already mentioned on my other posts, Chinese ghost month may have been reason why price of Bitcoin suddenly dropped and might continue to do so until the end of this month.
make sense of your reasons. indeed we know that China has many cryptocurrency investors, so it's no wonder that every incident in China has an effect on bitcoin price movements. I hope your analysis is correct, because I also still hold bitcoin for the long term. and I consider the ghost moon
What is the assurance that you really have that the investors in china are quite much, the only thing that I heard is that 70% of miners are from china which i still don’t know if that is a confirmed truth because that was how people speculated that bitcoin will drop in price because of the threat of Chinese government to ban miners, and I never saw the effect of this on bitcoin a little bit.

Don’t be surprised that if china even ban cryptocurrency completely, bitcoin will still thrive and may not drop in price, I wish there could be a statistic really shoeing countries that has investment more in cryptocurrency, I am sure that we will see that it is the united states citizens, because they are the ones pumping lots of dollars into the market. I know that you will base it on huobi, but don’t forget that huobi has lots of international traders too on their exchange.
1868  Economy / Speculation / Re: SEC delays decision on ETF again on: August 15, 2019, 06:40:56 PM
In any case, mark the dates mentioned in the article and expect another delay.

why does SEC even bother dedicating any time for these proposals anyways. they are going to reject all of them in the end, they have been doing it for a couple of years now without any exceptions. they just waste the time of their staff, these companies submitting ETFs and everyone else's time!
I don’t know about the United State system, but in my country, anything that has to do with government is like court case, you take a case to court and it takes 5 years for them to pass judgment and same as government, you take a proposal to them and it would take like everlasting for them to act on it also, if that is the case of US, what is the point wasting time to wait for them when they could be in this issue for the next 5 years after the system must have even found away round to get the effect of what their ETF approval would have gotten.

And then I doubt if the SEC would really approve this as we know that they have even once been against cryptocurrency, so there is no point thinking they would really be convinced about it and change their mind.
1869  Economy / Speculation / Re: Bitcoin Price Could Surpass $15,000 This Week: Max Keiser on: August 15, 2019, 06:10:43 PM
Has Max Keiser's week already passed? I reckon that he might be competing versus Tom Lee as the most inaccurate, comical and most hated human bitcoin price predictor in the cryptospace hehehe.


yes it has and as i have expected... btc has not passed 15k - sideways with a little bit down movement. am i a guru now?  Grin This predictions are to funny, in the end no one knows what will happen... and calling a 3k pump in a week is a bit very optimistic.
Lol, my dear, you would not so much blame them, they are all relying on technical analysis that use to be blind sometimes too to this because I believe that when he made that prediction, he must have thoroughly analyses the market using the charts available for him and I guess the chart pointed him to that direction, but I would still not blame him at all, because there was already a clause to his prediction, he already said the it “COULD”, which means that it is under probability that it will rise that week.

The market is just so much volatile that it could really get very difficult to predict, but I believe that something will surely happen that will make the price to surge, maybe we could even be lucky to get the bull run this time around.
1870  Alternate cryptocurrencies / Altcoin Discussion / Re: Chinese State-Backed Crypto Is About to Launch on: August 15, 2019, 05:43:30 PM
One thing I don’t get about these their own cryptocurrency is why they would choose to use the same name as ripple, and I think if this is not a mistake from this article, that would be the first place where they would shoot themselves in the leg because many people will take the coin for ripple and then buy more of ripple rather than buying their own coin which will create lots of demand for the ripple coin.

Whatever coin they have created will only be within their country because it will not cross the international level as no one would believe in the coin, they would simply just take it as a centralized coin which us exactly what it would be, so why would people choose centralization over decentralization of bitcoin.
1871  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not ever complain, You must believe in every action you decide. on: August 15, 2019, 04:28:14 PM
Since, it is speculation that controls the market, people will want to use one thing or the other to create awareness for whatever coin that they invest in, and you know that there is no way you can ever satisfy people, people invested in altcoins because they felt they could use little money to make so much money because altcoins are very cheap in price to accumulate, but despite that, we still have so many  people that prefer to invest in bitcoin more because of its reliability and that is why bitcoin will always remain dominance, so like you rightly said, we need to quite complaining on everything and just see the opportunities that are right there for us to use and make money from every situation.
1872  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC halving , what to expect? on: August 15, 2019, 04:00:35 PM
maybe 1 year after halving the price of ltc will go back up and actually now is the right time to buy and sell it before halving or keep it strong
too long, if you have to wait 1 year, a few days ago halving has occurred and now the effect has begun to be felt. although the price of bitcoin is falling, it's not Litecoin.
Would you like to show me that effect that you mentioned here because I think Litecoin value has still not moved that much after the halving, though I am still trying to give it a month time frame before I can really conclude if the halving had any effect on it or not.

For bitcoin that was going down when you posted here, it was just still the normal correction and I am sure that it is just prepping itself for a great surge, so we are here to see what is going to happen, but for Litecoin, I am not even hoping on the halving to do something much, but I am hoping on altcoins bull run, what I am watching bitcoin ot for now, is to know when it starts to consolidate, so we can have some top altcoins that we have invested in start growing too in value.
1873  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH 2.0 will cause FOMO or FUD? on: August 15, 2019, 03:23:55 PM
What do you guys think?
Well, we can’t say until we see it happen, first ask yourself, as you have heard the news right now, how  does it hold in your heart, it is pushing you to buy more Ethereum because you believe it will have many positive effect on the market, so use your own thought towards it to judge.

If I am to judge based on my own opinion, I am not sure that it will add any better value to the price off Ethereum, because this what how we expected their Constantinople’s to have effect on the value of Ethereum then, but even after the upgrade, nothing had happened. From this their new upgrade, if whatever they are proposing to fix with it is really worth it, it might had some value, what would really cause the fomo is not the upgrade itself, but a suddenly price increase which will make people to start buying out of fear on not to be missing out.
1874  Economy / Economics / Re: How would loans work in a Bitcoin economy on: August 15, 2019, 02:53:18 PM
In my opinion, every loan system would need a centralized authority that would keep the properties of both counterparts until the payback time.
I don't think that two sides can trust each other in a loan system. Someone needs to ensure the flow of properties to each side.
There is something that you will think will not be possible until you see people carrying it out smoothly without issue. I know that when it comes to loan, lender would either need collateral to do so before lending the loan and some interest rate will apply to it, but now that we are talking of bitcoin, don’t forget that it is a decentralized system, and everything would just operate n decentralization and those who would offer the loan would have also mapped out exactly how it will go.

If I was ready to go into loan business now, I would have just gone to the loan section to really see how things are being doing there, and I will ask you to really visit that place, I am sure you will get more understanding about the way people offer crypto loan without a physical collateral.
1875  Economy / Economics / Re: Binance Swirled into ‘KYC Leak’ Turmoil, Binance not Safu Anymore on: August 15, 2019, 12:49:43 PM
It's normal to have a trust issue towards Binance since they are lacking a security from hackers. However, I will still use Binance since none of users get their wallet hacked as of now. Those BTC7k was from Binance funds, not from users' funds. On the other hand, it's better to just wait for the result of their investigation and don't submit any KYC requirement as it's still necessary to trade there without requiring to be a KYC approved.
The fund was actually from user’s fund, just that it was targeted at some account, maybe those accounts that has those bugs that could make them crack the wallet through Binance, that is why they made refund of the $41 million, if it was from their own personal account, they would not have had to refund anything again, but let’s keep that aside, that was just a onetime mistake.

I am sure that they have put everything in control, and when this issue of second hacking of data came, I really doubt the truthfulness of the news, and I dint think that they will be that loosed again to allow a loophole in their data system, except maybe they never imagine that someone could be interested in the data, and if that case was real, then some people may have deliberately done that.
1876  Economy / Economics / Re: Andreas Antonopoulos 2019: Bitcoin vs. Facebook Libra coin = End of retail bank on: August 15, 2019, 07:34:25 AM
One problem that I have found common with most of us in the cryptocurrency community is that we like to use cryptocurrency talks to just discredit government system, and this is quite not too good or healthy for us, now that Andrea has mentioned that bitcoin and Facebook will be the end to retail banking and he even analyzed it, you think that those retail banks will fold their harms and watch has their system is being destroyed.

You think those who has been employed through bank would want to understand that language that a system could make them loose their job, common, we have to be very watchful of what we say so that we will not anger the government into banning cryptocurrency, everything we say should be more of how cryptocurrency would help better the system of bank and not destroy it.
1877  Economy / Economics / Re: thoughts on companies becoming too powerful? on: August 15, 2019, 06:57:58 AM
However, competition is good and I don't think we're going to see the end of that anytime soon.  The only thing I really hate is how big chains (retail, mostly) have put local mom-and-pop stores out of business.  I think that's only going to get worse, unfortunately.
That is a real issue, these big chains will disrupt small businesses and unfortunately there is no clear rule to protect those small enterprises, the big chains attract people with big offers that the small business cannot afford and then when they close down due to losses as there wont be any customers, then the big chain will have the monopoly over that product and then increase their prices as there is no competition. 
It is only government that can really help in this situation because they are the ones that keep empowering these big companies more, and funny as it may stand, it is still government loan that some of them used to become that powerful, no one is saying we don’t need large companies, because to really handle the supply and economy of a country successfully, we really need big time players, but whatever services or products that they sell should be in such a way that they will not be the only ones that is imposed on people, there is need to actually give these smaller companies too the ability to expand and thrive.

It is better those smaller companies loose to competition than loose to monopoly, it could really be disheartening when they cannot test their ability.
1878  Economy / Economics / Re: ‘Crypto not meant for humans’ says Anthony Pompliano on: August 15, 2019, 06:01:42 AM
That's exactly what I thought! Crypto will not make you rich if you do not study it, if you do not gain experience with each new transaction
To understand the true value of bitcoin you need to use it as a transaction platform rather than see it as a store of value, even if you study every transaction it will not make you rich, you need to have an understanding on how the market moves if you are planning to make money with any market Tongue.
I don’t understand why people think they need to understand the machine language for one to be able to use bitcoin when they’re not creating a cryptocurrency out of it or when it is not the blockchain technology itself. When satoshi was creating the system, he never wrote anything like we need language to input into anywhere for us to make simple payment or trade with it.

It is mostly everyone here that is using bitcoin for just payment and some trading with it and what else could be simpler than just putting figure and then clicking that button of send. The only thing I think is just hard to know is the wallet address which is not necessary to memorize it provided you have it somewhere save for you to copy it out. That is the only thing I feel is just complicated for those who has not knowledge of technology.
1879  Economy / Gambling discussion / Re: what is your worst crypto casino experience? on: August 15, 2019, 05:17:56 AM
once I've deposited $50 in btc in one online crypto casino without doing proper research, I won like $150 and when I wanted to cash out I realized there is x50 wagger, since then I'm making sure to do proper research or look at reputable list of crypto casinos before depositing.
There is a special place that has been created for special people like you mate, and that is gambling section which I am glad that the forum members there would be glad to have your post over there, because here, we strictly discuss economics, and we are not much interested in gambling for us to really understand what you are talking about. Like me, I hate gambling a lot with passion, and I do see most people that gamble as a non-serious fellow with so many things that is in this industry to make use of.

If you want to talk about trading, cryptocurrency, its effect on the economy of the world generally, they we will be very glad to have your post here, just like my other mates has suggested, it would be necessary that you move the topic to gambling.
1880  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin or Bitcoin on: August 13, 2019, 07:52:17 PM
will you invest more in altcoins or prefer Bitcoin??? i think altcoins need more investors like Bitcoin?
Altcoins doesn’t have much investors as compared to what we have in Bitcoin. Investors are always interested where they think they are going to make profit, that’s the main thing that matters to every investor profit. If altcoins are not going to make them that profit, then they wouldn’t go for it. And since Bitcoin is the first cryptocurrency to be known, that gives it the advantage over others. Wherever cryptocurrency is mentioned the first thing that comes to mind is Bitcoin and nothing else and it is already highly recognized. The 2017 bubble is another thing that made Bitcoin to be very popular, no ALTCOIN has performed as much as that. So if they place these two, you’re definitely going for Bitcoin as long as you know you’ve got what it takes.

I would choose an altcoin with better technology. Bitcoin has been pumped to its max value by some altcoins holders as its dominance is at 70 percent and that is not a normal growth.
That’s a lie, don’t deceive yourself. It has not even been pumped to anything, it still even has more to accomplish. The one that happened before was just the first and there is still many more to come as the market cap continues to increase as well. I believe that in next year there is going to be a bull run or maybe before the end of this year. Altcoins don’t perform as much as Bitcoin when it comes to price increase. Bitcoin has the highest number.
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