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1961  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't get robbed by something you don't fully understand on: August 02, 2020, 09:28:05 PM
It's the same mechanics that made first companies who accepted Bitcoin profit greatly from this decision. They caught early Bitcoin investors who were itching to spend their coins on anything really. They would buy things they didn't really need only to test Bitcoin payments and they had almost free coins that were worth now much more than when they were buying them.

Now crypto holders want more stability and think that backed companies are better than decentralized ones. They are not!
1962  Bitcoin / Press / Re: [2020-07-30] Power plants in Iran can mine Bitcoin on: August 02, 2020, 09:08:25 PM
They must be producing a lot of power that would otherwise go to waste.

Most power plants around the would could do the same but they aren't because the demand for power is high and they can make money selling it instead of buying hardware and taking on additional costs and unneeded risk.

There was a private investor who bought an old power plant to mine Bitcoin. I wonder how he's doing  Smiley
1963  Bitcoin / Bitcoin Discussion / Re: Japan's Dormant accounts waking up finally on: August 02, 2020, 08:57:12 PM

Why would the wake up only to sell thier BTC. It would make sense to not wake their account up at all unless it reaches up to its ATH again.

Trading BTC while there is bullrun is profitable than having a bear market. If there is a time to be active in trading is this time and I'm almost sure this is the reason for their accounts to wake up.

They said the opposite that these new accounts are waking up to start trading again.

The survey was done by a Japanese exchange where some old traders are coming back seeing the beginning of a new bull market.

They probably became inactive in 2018 following the crash of BTC from the all time high and the beginning of a bear market. Simply sold what they had and moved on.

I'm one of those people who wouldn't sell below 10 thousand dolars but I also don't walk away just because there's a bear market.

1964  Other / Beginners & Help / Re: Self introduction on: August 02, 2020, 07:38:17 PM
Hello and welcome to the forum. Please remember to read the general rules and check out meta. You'll find a lot of information about your account, newbie restrictions and ranking up.

I used to have a lot of altcoins but now it's almost exclusively Bitcoin. Back to the roots we could say Smiley

I wish you all the best and hope your investment will become very profitable.
1965  Economy / Gambling discussion / Re: [experience]; In one family all professional gamblers. on: August 02, 2020, 07:21:39 PM
Gambling is not all fun and positive experience. It all often ends in tears.

I would never try to get my siblings involved in gambling and not because I don't like it or think it's bad. I like it but I don't want to take responsibility for other people's mistakes and misery, especially people who are close to me and who I will have to keep seeing in that mess. It should always be their choice. If they choose to gamble I will not interfere but they should be aware of the consequences.
1966  Economy / Economics / Re: Cash Is Trash on: August 02, 2020, 06:48:47 PM
I do not agree that Cash is trash, even though just a parable it is too rude to mention it like that. The reality is Cash is still being
the king and was chased by many people. Demand Cash is also among the highest compared to other payment instruments. But
everything in this world nothing is perfect, including Cash has several disadvantages. But even so Cash is still needed by everyone.


Cash is much better than the IOU money that banks are offering us.

Cash has its disadvantages compared to cryptocurrencies because it can be damaged and it's easier to steal but it's still better than fiat on your bank account that can be monitored and seized.

Cashless society is possible just like a world without the military and wars but possible doesn't mean it's going to happen in our lifetime.
1967  Economy / Speculation / Re: Bitcoin Hits USD 12K, Crashes By USD 800 In Minutes!! on: August 02, 2020, 06:22:42 PM
It's not only a round number and we all know that people like round numbers like 10 thousand dollars and now 12 thousand so it was easy to predict they will want to take profit.

We hit a yearly high and a round number and a popular resistance level because it was the August 2019 peak price.

Profit taking is normal and doesn't change the trend.
1968  Alternate cryptocurrencies / Altcoin Discussion / Re: if you want to invest in crypto... on: August 02, 2020, 05:55:34 PM
to prove they're not scammer project and minimize your investment of being scam...

1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...

All these does not still guarantee a 100% investment safety. The space is just so volatile and unpredictable reason why it is good when you invest what you can afford to lose

nothing guarantees 100% investment safety. You can buy a new car at the dealership and they will also not guarantee the car will work fine. Things happen and there were cases where people bought new houses and found out the pipes are leaking and the walls are cracking.

It's great that people are beginning to demand more information from the teams because some of these teams were involved in scam projects before.

If a project has even one scammer in the team you should warn people about them and stay away yourself.
1969  Alternate cryptocurrencies / Altcoin Discussion / Re: do we really need stable coin? on: August 02, 2020, 05:18:58 PM
stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.
The stable coin can be a very good option for those who wanna try to avoid the volatility, stable coin can also be used as a stable payment system too that the merchant will not feel worry about the possibility to get a loses due to the volatility.

But why wouldn't those people choose fiat money that are as stable as stablecoins but also backed by the government?

Most stablecoins are backed by promises and some are even backed by lies (usdt).

My opinion is that stablecoins can be useful by people who are not allowed to trade coins for fiat money or want to avoid taxation by exchanging to another coin instaed of fiat money but that's it. Don't ever trust stablecoin or treat them like an investment.

1970  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better ICO, STO Or IEO ? on: August 02, 2020, 05:07:52 PM
IEO is probably the closes to the traditional stock market investment. It's an easy way to invest in a company that's already on the market, has an established position, usually is regulated.

I don't know enough about STO projects but it looks like they lack usability. They're more secure than ICOs which are of course the worst choice of the three but not as good as investing in a physical firm.
1971  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you still sleeping? on: August 01, 2020, 08:30:10 PM
I remained invested all throughout 2017 18 19 and now. The only thing that I did in those years was switching from altcoins to Bitcoin.

If you're waiting for the altcoin season you can safely do the same and have one less problem on your minds. I still have some ETH and ADA but that's all.
1972  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cloud mining with OXBTC on: August 01, 2020, 08:26:16 PM
Why would you invest in this type of mining ? You better buy equipment and hold it in your house or in a storage and you will be much more profitable and also much more safe for your investment

Best is to buy equipment and do mining yourself. But not every one has the capital to buy btc mining equipment and bear the electricity bills. If you have spare cash then why not invest in projects like OXBTC which can give you some passive income.

Because these projects are meant to exploit people.

First of all their mining farms usually don't exist and people buy false promises. Out of maybe around 50 cloud mining companies maybe 2 that I remember hashnest and genesis mining really had hardware. the other 48 were ponzi scams that disappeared long ago.

Cloud mining is too risky for an average investor and the money they can make every year is very small. Not worth giving away the control of your crypto to someone you don't fully trust.
1973  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto predictions on: August 01, 2020, 08:20:53 PM
I use this forum and threads in the speculation section but it's mostly tradingview all over again. People who speculate here have their accoiunts on tradingview and publish there or read other people's predictions and make their own based on hints from other people.

It really doesn't matter where you look you will still see very similar analysis.
1974  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Investing in Etherium will now be the right decision? on: August 01, 2020, 08:05:23 PM
Why no one is shilling eth when it was below 100$, no one recommends eth for investing, and now eth is above 350$ to many says ethereum will be the right investment so far.
Maybe they weren't expecting 2.0 to really happen. Maybe they were so tired of the prolonged bear market. Maybe it's basic human psychology that makes us think things are worse than they really are.

This exact thing makes people commit suicides. They think there's no way out of the situation but there always is, you just have to live long enough to see it resolve itself.
1975  Alternate cryptocurrencies / Altcoin Discussion / Re: How much you earn in bounty hunting for the year 2019-2020 on: August 01, 2020, 07:44:24 PM
Almost nothing. I prefer to claim giveaways and airdrops and of course write for my signature campaign which isn't a typical altcoin hunting, but so much better and worth every hour spent on it.

Giveaways and all the basic stuff in 2019 gave me a profit of about 0.05 BTC so pocket money. The signature campaign brought me more than 0.4 BTC on a year which is a hefty sum.
1976  Bitcoin / Bitcoin Discussion / Re: Twitter Hackers Arrested! [Updated] on: August 01, 2020, 07:36:42 PM
Twitter hackers should be arrested because they have hacked the most popular social site and they attacked on the most vital person in this world.
Now hope all funds should be recovered.

They should be arrested but what sentence would you give them?

I find it a bit awkward that you can be sentenced for 5 years in prison when you rape someone and a hacker who exploits a vulnerability in a program can get 10.

I wonder what sentences they will get but probably higher than a typical rapist or a thief.
1977  Alternate cryptocurrencies / Altcoin Discussion / Re: Timing to Hodl tokens is very important. on: August 01, 2020, 07:31:01 PM
A lot of people don't know about timing. All they do is hodl without giving a though should they cut loss when it falling to take the fund and utilize it elsewhere. Trade with careful timing until they make back the loss instead of holding it.

There are coins worth holding like BTC and ETH and there are coins good only for trading like XRP or EOS.

 I wouldn't hold coins that I don't trust and don't believe they can achieve anything in the long run.

To be honest most coins are crap not even worth trading.
1978  Other / Archival / Re: Bank Account Freezed on: July 30, 2020, 10:44:31 PM
What does Cyber Crime branch exactly mean? A cyber police on your country? That sounds vague. Pretty sure your own bank are blocking the transactions and not some random third-party. Maybe ask for contact details for the so-called "Cyber Crime" branch and go from there. We can't help much to be honest.

When you do talk about cybercrime then its a division on where police that had been assigned on this field have technical knowledge towards on whats happening online and that would include
crypto into their list but it isnt limited into because all frauds and scams that do happen then they're the ones who do handle it out.This isnt available in most part of the world
on where such division do exist but surely there are several countries had already this kind of group.Bank account freezed? If op do like clear explanation then he should head to
cybercrime division and ask out the whole thing.

If this really is just a police division there should be an attourney or a judge assigned to the case who signed a warrant allowing the bank to freeze funds.

A policeman cannot order a seazure of assets or anything like that.

Some previous posters gave you good advice that you should follow: get a lawyer.
1979  Economy / Speculation / Re: Next Bitcoin Bull Run Will Be ‘Dramatically Different’ on: July 30, 2020, 07:30:36 PM
It can as well be different in the opposite way. There's more people but also more holders who bought Bitcoin in the longest bear market in history.

I hold my coins and I'm bullish but let's not forget that if all those people who bought for sub 10 thousand think of 20 -25 thousand as their target we may never go very far.

The big bubble that used to be 5-10x can this time be only 1 -1,5x and this will make it dramatically different. The next bubble in 5 or more years can only be 0.5x and so on. It still won't be bad because imagine going 0.5x from 40 thousand dollars. That would still leave us at 60 which is a great price. I wouldn't wait for 100 or 200 thousand dollar bitcoin though.
1980  Bitcoin / Bitcoin Discussion / Re: Why People Call Bitcoin Blockchain? on: July 30, 2020, 07:20:37 PM
Only uneducated people call Bitcoin Blockckchain.

There's this attitude propagated by fans of cryptocurrencies who don't like Bitcoin because it's decentralized and independent. Those people often say things like blockchain not bitcoin thinking that the technology is more important than its use case.

Many banks have addopted this attitude thinking they can launch their own blockchains and have their own coins.
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