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21  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bitstamp will restrict XRP transactions for US users on: December 26, 2020, 07:13:23 AM
Bitstamp: XRP trading and deposits to be halted for US customers

In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.

We will closely follow the unfolding situation and continue to adapt accordingly.

Our US customers will still be able to withdraw XRP from Bitstamp. Customers from other countries are not affected.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-us-customers/
This announcement could be the reason of the recent crash in price of xrp. The price recovery was going well before this announcement which has really crushed the price again, in coming days more paltforms can make similar announcements so the price can stay under stress.

there is no hope if other exchanges follow Bitstamp. this will be the end for ripple. I am sure that because of the daily trading volume that Americans contribute is quite large. if they are restricted, ripple will lose its trading volume. the impact may be a pretty severe fallz it could ripple back to 10cent.

That will ultimately affect as for sure.  Embarrassed Anyway, XRP is the coin one should never hold. I think of it being centralized and it doesn't attract me anymore.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: There is a way to earn 1400$ but I do not know more details then that, do you?🔥 on: December 26, 2020, 07:10:44 AM
The 1INCH token

https://1inch-exchange.medium.com/1inch-token-is-released-e69ad69cf3ee
Quote
All wallets that have interacted with 1inch until December, 24, midnight (UTC), will receive 1INCH tokens as long as they meet one of the following conditions: at least one trade before September, 15, OR at least 4 trades in total OR trades for a total of at least $20.

Aye thank you that is it but I see we are to late to participate on this.  Sad

Dont be sad, im late too  Grin Just try to search another opportunity friend

The next opportunity is DyDx, very likely. They charge shitloads of fees on trades but I think it is worth a try if it holds possibilities of such airdrops.
23  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: December 26, 2020, 06:46:22 AM
Shouldn't we worry about the same? These companies are here for profits and they can bring bloodbath whenever they want. What do your guys think?
24  Other / Meta / Re: Why do most Full Member accounts are inactive? on: December 26, 2020, 06:32:35 AM
Most of them are from the time when we didn't have merit system, I guess. Just 120 activities with certain period could get you to Full Member. Now that many of them even don't know about this merit system and they may have forgotten the forum itself as we tend to use different forums if we find some interesting topics and after using them for some time, we get bored and leave.
25  Economy / Economics / Re: Need not just stimulus but usdt stimulus on: December 22, 2020, 04:46:52 AM
So basically, you want to give out free money to traders because they deserve it by trading? Isn't it that exchangers ask for fees because it's their service and it's going to be a kind of refund for the traders themselves. USDT trading is traded very much in several exchanges.

OR

You want the "printed USDT" and have a portion of it because you are still using that stable coin?

Do you have any examples being done by governments with what you are talking about? I doubt there would be crypto-related stuff, but it's possible in other ways as well.

Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.
26  Economy / Economics / Re: Tether's market cap is huge! (usdt) on: December 22, 2020, 04:40:43 AM
Tether to me seems to be the scam of the century. I believe there are way too many better stablecoins like Binance's USD (BUSD) to convert into, but as I can see that it can't be used on too many websites (especially on gambling and casino sites which are mainly targeted by USDT users as well as probably no direct purchases) is the reason here why tether has been a big hit.

It's not just Tether, though.  Any privately owned currency is problematic, since you have to trust the entity that claims they're holding the funds.  I'm staying away from all stablecoins that consist of tokens supposedly backed by private wealth.  They're all effectively IOUs.

are there any stablecoins that don't fit that definition? most people think DAI is decentralized, but DAI is actually majority backed by centralized assets like USDC, PAX, and WBTC. there are huge third party risks involved.

the way i see it, different stablecoins come with different risks:

  • the odds of USDC or GUSD becoming unpegged due to insolvency (like a bank account getting seized) is extremely low because their issuers are super compliant in terms of licensing and AML. the odds of that happening to USDT are much higher.
  • however, the odds of USDC or GUSD becoming infungible (or having your account closed or being reported to regulatory authorities) is much higher than with USDT, since tether and bitfinex are much more lax with AML/KYC stuff re secondary markets.
  • "decentralized" stablecoins like DAI represent another risk: bad smart contract execution, bad governance, network congestion, etc can cause unexpected and catastrophic losses, like the $4.5 million lost in DAI during the crash in march.

At one point, we want to avoid high risk with Tether and on the other point we also avoid getting reported to authorities. Due to smart contract vulnerabilities, we also want to avoid DeFi solutions like DAI. So, I don't think we have other options here. On top all of that, I think USDC can be a secured bet.
27  Bitcoin / Bitcoin Discussion / Re: Bitcoin Surpassed MasterCard Value on: December 21, 2020, 04:42:28 PM
They will have to be familiar and adoptive towards cryptocurrencies if they want to be in business. They certainly can't just create a new blockchain and launch a coin on top of that to ingrate it in its payment processor. Why? They don't seem capable.
28  Bitcoin / Bitcoin Discussion / Re: Nigeria is now the No.2 bitcoin market on: December 21, 2020, 04:15:02 PM
This is true as a citizen of this countries you can see within a street notify you to trade bitcoin, I was even surprised when some of the people we called Paga here are into Bitcoin even on WhatsApp status friends creating awareness Many people are really aware about bitcoin and cryptocurrency as a whole

This is really good thing coming from especially Nigeria. I didn't expect to be numbered at 2. I expected Germany or Russia to be there in the list but they are out of sight.
29  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you take loan(s) to invest in crypto? on: December 21, 2020, 04:10:12 PM
im not a regular twitter user but i have heard of this before and it was based on a true story . thats because loans are part of the peoples life whether the loaned amount is for emergency use or for personal use only .

loaning to invest in crypto is for personal interest and i am against with that im sorry although crypto is also important to me but i dont want to rush things . i can work for my stuff slowly and thats gives me a comfort in mind . im only going to loan if i really need but it can also be for my self , if im injured or need medication or for others ( my family )
Having loans for useless things just like to buy luxury and unnecessary things are not good. But if the intention for this is for investment or to run a business as capital, that seems a beneficial and a good idea. However, investing in crypto is consists of high-risk in which having a loan just for this is quite not advisable, I recommend starting investing that won't compromise ourselves if ever we lose.

I hope that OP would listen to us, not eventually we are stopping you to commit loans but just giving you time as well to have some basis on your decision.

I think, I won't go with loan for investing in crypto. And looking from comments, I don't think I will suggest this to anyone either.
30  Economy / Service Discussion / Re: Where to Buy Bitcoin Miners on: December 19, 2020, 04:32:53 PM
Sorry if I post this int the wrong section but I am trying to buy a Bitcoin Miner but I am not quite sure where to get the miner from. If any of you guys have experienced with these sites that I mentioned below please feel to tell me what you think cause that will help me out alot. I just don't wanna get scammed especially when I am spending a lot on these machines. I know people say that I should buy the miners from www.bitmain.com but they all out of stock. Thank you.

https://coinminingcentral.com/
https://mining.sesterce.com/
https://www.canaan.io/
https://www.alibaba.com/

Kindly move your thread here: https://bitcointalk.org/index.php?board=76.0
You will get pretty good suggestions from experience folks.
31  Bitcoin / Bitcoin Discussion / Re: Your opinion is highly needed! on: December 19, 2020, 04:30:24 PM
Here is a healthy thread to get bitcointalkers' opinions on the same: https://bitcointalk.org/index.php?topic=5300900
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you take loan(s) to invest in crypto? on: December 19, 2020, 03:28:41 PM
Most people sometimes make loans to fulfill their goals. well, I feel that it takes a lot of confidence. most likely a lot of people are already doing this in the cryptocurrency world, and I'm pretty sure that the goal is coins that have a lot of popularity and potential.
Personally, I instilled the principle in my life to avoid borrowing. because of this, I have not made a loan for investment purposes in the cryptocurrency world.

Similarly to yours, we haven't taken a loan in my entire generation and not planning take one. We have lived in bad situations but never took loan so far. So, this is not a chance, I think. But I wanted to know about opinion from bitcointalk members.
33  Economy / Exchanges / Re: Cionbase IPO going publick any buyers? on: December 18, 2020, 05:40:14 AM
Coinbase is getting ready to go public. On Thursday, the major cryptocurrency exchange filed preliminary documents with the U.S. Securities and Exchange Commission (SEC).

Lol 😆😁😆😁😁😁  any buyers? I wonder who gona buy it?  Not me definately 🤣



https://www.coindesk.com/coinbase-files-for-ipo

So, what is the reason behind not buying in the IPO? How do you describe it being a bad investment? Don't compare this investment with dedicated crypto investment.
34  Bitcoin / Bitcoin Discussion / Re: Google Earth in a blockchain database on: December 18, 2020, 05:38:47 AM
Yes, maybe .torrents make more sense. There is no need for a blockchain nor timestamping.

Thanks.

yeah but why not blockchain? If there is no need of something, it should not be that we don't use. A website can be created in simple HTML then why don't we see most of the website created on HTML alone? If you are building this, I would suggest why not give it a try on blockchain? It will be a talk of interest as it is on blockchain while on p2p like torrent, it will become just mere application.
35  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you take loan(s) to invest in crypto? on: December 18, 2020, 05:32:50 AM
It's something crazy, I'll never do it. Crypto market movements are often beyond predictions. This action is highly discouraged for any reason even if you have an accurate predictive ball.
But this guy was lucky, currently 2.55 B is worth $60k. No, he doesn't have to wait 6 more years to pay off debts and interest. He should change his mind by now as he has made a profit of $14k within 1 week.

See, people are not seeing this and calling this entirely luck. We know that price arises after halving (for instance and call it just one known event) so it it turns a good idea during this timeframe. Besides, right after bitcoin breaking 10k resistance, we kind of knew bull run is near and we will see new ATH this year itself.

36  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you take loan(s) to invest in crypto? on: December 18, 2020, 05:30:00 AM
Quote
a person has to deal with monthly payments (or whatever payment terms) with the use of their own funds
Quote
you need to pay your loans and interest every due date

The idea can be: lend your bitcoin and pay for interest! Risky? Taking a loan for investing in crypto itself is a risky deal. Why don't try lending, of course, with a proper research.
37  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will we ever get another 7th Jan 2018 Alt Season? on: December 17, 2020, 04:45:24 PM
I don't think that it will happen and I lost hopes as well. Those were early days of ICOs and a team of shady developers and marketers used to sell ideas for money. They raised them and flew away. In order to repeat the same altcoin bull run like we saw in 2018, we need altcoin buyers. Why would a newbie invest in something unfamiliar and not in bitcoins despite the fact that bitcoin has dragged them here in the first place? Huge returns? Altcoins are almost dead in promising good returns. So, if money is not going in, alt season won't be there.
38  Alternate cryptocurrencies / Altcoin Discussion / Should you take loan(s) to invest in crypto? on: December 17, 2020, 04:39:10 PM
If you are a regular Twitter user and happen to follow a bunch of influencers or investors, there are high chances that you will have gone through some of the tweets claiming someone has borrowed a loan from bank to just invest into crypto. If not yet, check it here. Well, this is one really  interesting topic so I though why not discuss here.

What do you think of taking loan(s) to invest in crypto? What's your input? Have any of you done this already? Isn't this crazy?
39  Alternate cryptocurrencies / Altcoin Discussion / Re: Nearly 12% transaction fee on the ERC-20 platform! on: December 16, 2020, 08:36:28 AM
That's unbelievable. If that's actually the case, then it calls for questioning. Why should any platform in crypto charge up to 12% as a transaction fees which is about 4x higher than what a traditional credit card payment platform could charge per transaction. Where does the charged fees go? To Ether or to SpiderDAO? I'm curious.

As this is a transaction on Ethereum blockchain, it is obvious that transaction fees will be paid to miners, which will be paid to validators in future. Now this is willingly paid by transaction issuer which does seem 4x of traditional card fees but you don't know about the ROI s/he is getting if he gets in. In order to get in, investor is not willing to take any chances of any failure. Now question comes to why would one pay such 12% tx fees willingly? I think you know the answer.

Risk is the reward in crypto space!

PS: This is nothing. I have seen people paying even $400-500 in order to send funds to ICO smart contracts. MedicalChain ICO is such an example!

40  Bitcoin / Bitcoin Discussion / Re: Dark Horse puzzles on: December 16, 2020, 08:27:38 AM
I sometimes wonder do people get it solved really? I mean I have seen 3 or 4 BTC and ETH puzzle on bitcointalk itself but when I open the thread, people are still talking about it as it hasn't solved yet.
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