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2001  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price in 2020. on: December 11, 2020, 07:17:09 AM
I am expecting the ETH price to reach 1k USD max in this USD due to the halving effect on 2020.
If there is big adoption over ethereum platform or business we may utilise the situation and sell our ethereum from the good price and make profit with it.
I'm still looking at how hard it is to grow in value.  As soon as the price rises a little, some problems and obstacles start immediately and the price invariably falls.  However, according to forecasts, the price of bitcoin could rise to at least $ 100,000 next year due to the latest halving.  I don't consider them real yet.  It took bitcoin three years to get back to $ 20,000.  How many years will it take for it to grow to at least $ 50,000?  While this is all pretty complicated.  At the same time, it should also be borne in mind that in the future, states will tighten the measures for regulating cryptocurrency.
2002  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Defi New revolution or just like 2017 ICO,s ? on: December 11, 2020, 06:45:25 AM
DeFi projects are just a new direction in cryptocurrency development.  It must be further developed and deepened.  There is still a lot of practical work to be done in order for individual projects to bring additional conveniences to people and be in demand.  Of course, this is new in the world of finance, but it would be wrong to call it a revolution, if only because a relatively small number of people will use DeFi services.  In any case, it takes a lot of time to attract people's attention to them.  As always in such cases, scammers want to take advantage of all the new ones.  Therefore, along with good projects, as always, there will be fake ones.
2003  Economy / Economics / Re: State influence for cryptocurrency on: December 11, 2020, 06:10:36 AM
What impact will it have on cryptocurrency in a country torn by recession in the COVID19 pandemic?
some developed countries have entered recession. I just want to know what impact it will have on cryptocurrencies in your recession-ridden country
Unprecedented measures to combat the coronavirus pandemic are leading to a drop in gross domestic income, an increase in unemployment and an increase in poverty in almost all countries.  All this causes an increase in inflationary processes.  We have been saying for a long time that this could trigger a very severe global economic crisis.  Government spending on the fight against coronavirus continues to increase.  It would be logical if people, fleeing inflation and poverty, would invest in cryptocurrency.  Therefore, the coronavirus pandemic, while increasing the poverty of the population, on the other hand, should positively affect the growth of cryptocurrency liquidity.
2004  Economy / Economics / Re: Fiat currency based economy Question on: December 11, 2020, 05:41:31 AM
Experts say that in 2022 in the United States, payments on US obligations will exceed the amount of taxes collected, and it will be necessary to turn on the printing press for money again.
https://bitnovosti.com/2020/06/14/kogda-fiatnaya-valyuta-umiraet/
This will cause hyperinflation and depreciation of the dollar as a world currency. The world will need a new currency that is not subject to inflation.

What will it be? Maybe BTC  Smiley

I try to be realistic. 

Bitcoin probably won't replace the US dollar, yuan, and euro.  In the middle of the next decade, central bank currencies (CBDCs) will dominate. 

Until then, however, we will see bitcoin prices rise.  The rise in the value of bitcoins is a signal of an impending transformation of the global financial system. 

This will bring about one of the greatest redistributions of capital in the history of mankind.  At the same time, the current financial elites will retain their wealth and influence.  Cypherpunks won't be able to come to power...

I'm a skeptic.  I don't think the world will be better or freer in the future.
Yes, bitcoin and other decentralized cryptocurrencies cannot replace the national currencies of states.  The price of bitcoin and cryptocurrency in general will rise, this is also true.  However, the influence of cryptocurrency will grow only up to a certain point, namely until the interests of states are affected.  If the increase in the influence of decentralized cryptocurrency interferes with the states, they will tighten regulatory measures and here it will be necessary to look for the best options for getting out of the conflict situation.
2005  Economy / Economics / Re: Banks going in stable coins news its starting now on: December 11, 2020, 05:15:36 AM
After the emergence of USDT, many started to issue stable coins. For example, a project that is currently famous, namely Digital Yuan from China. If this project is a success, I think other banks will copy to quickly make their coins stable and trade on the crypto market. For information about airdrops with stable coins from stellar, I am not there yet.
States will independently create their own national stablecoins of the central banks or ask for the help of relevant specialists from other countries.  At the same time, it makes no sense for them to apply a system of borrowing funds, such as ICO, IEO and others.  This will be purely the work of the relevant government bodies of governments.  Therefore, there will be no forks or free coins.  Governments can only give out stablecoins when testing their stablecoins for free so that citizens can connect to testing, as was the case recently in China.
2006  Alternate cryptocurrencies / Altcoin Discussion / Re: Will "De-Fi" replace traditional banking in the future? on: December 10, 2020, 08:30:10 PM
DeFi projects can distract some of the clients of traditional banks.  However, banks are still not going anywhere, since they perform many other useful functions and, most importantly, they are supported by the state.  And a significant part of citizens will traditionally trust more state banks, which are protected by the state.  DeFi projects take a lot of work and time to gain the trust of citizens.
2007  Bitcoin / Bitcoin Discussion / Re: lets imagine world without fiat currency on: December 10, 2020, 07:49:53 PM
I personally cannot even imagine our world without the national currency of states.  To have an idea of ​​the value of a cryptocurrency, it must be compared with the value of objects in the world around us.  If there is no dollar, euro, pound and other currencies, how will we express the price of bitcoin?  We'll have to then in cows, horses and so on.  For example, one bitcoin will cost 10 cows or 7 horses.  However, after a few hours or even minutes, bitcoin may already be worth 10.2 cows or ten cows and one rabbit.  What if you don't need cows and rabbits?  You can, of course, evaluate everything in ounces of gold.  However, then it is necessary for gold to really go.  And in order not to constantly carry it around with you, they will again come up with safe and promissory notes, which will lead to their highest form - paper money.  Want to reinvent the wheel?  Or do you think that all previous generations of people were stupider than us?  Therefore, cryptocurrency can only be traded with the currency of states.
2008  Alternate cryptocurrencies / Altcoin Discussion / Re: Could There Be One World Digital Currency? on: December 09, 2020, 05:55:01 AM
Cryptocurrencies is the next step to the new globalization.

Banks and governments leave, and everything will be better with the internet of easy things.

I think that Bitcoin will only be digital gold, altacoins are the ones that will have real life use and what Bitcoin needs to shine.
The real situation should not be so neglected.  Banks and governments are not going anywhere.  Cryptocurrency will never dominate the financial world.  Now almost every cryptocurrency is global, since it has the ability to go around the world.  However, at the state level, the cryptocurrency will not be used as a global one.  They will have their own central bank stablecoins, various regional stablecoins.  A global single currency can hardly be expected, since large states will always fight for spheres of economic influence and wage trade wars among themselves.
2009  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Tax Implementation on: December 09, 2020, 05:36:09 AM
First they tried to stop Bitcoin and crypto when they failed miserably despite all those threats now they are planning to benefit through crypto by taxing on crypto but it won't be possible to tax those who use DEX as government will not have any data about users due to anonymousity, but CEX users are exposed to danger of being reprimanded by government and hounded with taxes. Even this time regulators and government will fail on their unrealistic quench of greed.
States have yet to make a general decision on how to stop Bitcoin and other cryptocurrencies.  We are still not going anywhere from taxing income in cryptocurrency.  However, the rates of such taxation can be so high that then it will be unprofitable to engage in cryptocurrency and people simply will not pay.  This, in turn, will allow states to decide on a complete ban on cryptocurrencies.  We do not need such a confrontation and it will be much better if a reasonable compromise is found.
2010  Bitcoin / Bitcoin Discussion / Re: Crypto regulation, a topic of discussion in G-7 meeting on: December 09, 2020, 05:20:58 AM
how do we expect government acceptance of crypto without any form of regulations! if truly the crypto community are yawning for mass adoption by the government then i guess this is the price to pay to have that mass adoption that we so desired otherwise it will still remain an unauthorized part of the economy,  am not surprise to hear this because at the end it was going to be the end result.
However, we expected reasonable regulation of the circulation of cryptocurrency, and not a complete ban on citizens from owning cryptocurrency wallets.  I don't know who came up with it at all to prohibit people from using cryptocurrency wallets.  It is very bad if a decision on this is made at the next summit of the G7 countries.  Even if this is not feasible on the part of states, however, it is still not good, because state bodies will come up with different ways to implement such a decision.  In fact, such a decision would mean an almost complete ban on the free use of cryptocurrency.
2011  Economy / Speculation / Re: Seems like the bullrun is over this year! on: December 09, 2020, 04:53:53 AM
I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?
You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??


You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.
Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November.  Bitcoin dropped to $ 18,240 and ethereum to $ 550.  I expected good growth in December, but this is not happening yet.  We can only hope that this time the correction will be short-lived.  In general, there is still time for price growth.
2012  Economy / Speculation / Re: December for moon on: December 08, 2020, 07:47:35 PM
Yes, the bull run will occur in December, of course, the alt seasson that many traders are waiting for I guess.  Buy it now and you can sell it in mid-December when the alt season starts.
Yes, usually at the end of the year we see a good rise in prices in the cryptocurrency market.  This year the situation is perfect for such growth.  We were almost at the goal of Bitcoin reaching its previous price record, but the market first went into correction, then the subsequent good growth stopped.  Prices have even stabilized for a while, and now they have even dropped a little.  It is difficult to say with what it is connected, however, the rate of price growth has been lost, and there are several weeks left until the end of the year.  Of course, things can still get better.  Let's hope we see a continuation of the bull market soon.
2013  Bitcoin / Bitcoin Discussion / Re: Buy Low, Sell High on: December 08, 2020, 07:27:27 PM
Its always the scenario people are always hesitate to buy when prices are at dip this is the common mistakes of every new investors but to us who are already here for years speculating on value of bitcoin its now easy to understand the buy low sell high strategy the only needed is funds if we have money to buy at dip lol. 
The tactics and strategy of behavior in the cryptocurrency market to maximize profit comes with experience.  When we calmly perceive the next sharp decline in prices in the market, understand the reason for this fall and do not perceive it as a catastrophe, we can psychologically invest in a potential cryptocurrency when its price falls.  Most young investors do this when a coin has been increasing in value for a long time, then it seems that its growth will be long and this is a common misconception.  Therefore, many newcomers to cryptocurrency suffer losses.
2014  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you need a coin that does not have negative volatility? on: December 06, 2020, 03:57:11 PM
The high volatility of prices in the cryptocurrency market provides participants in this market with good profits in any condition of this market.  If there is no price volatility or it is significantly reduced, this market will largely lose its attractiveness.  Yes, and a decentralized cryptocurrency will cease to be one if price volatility disappears.  No, price volatility in the cryptocurrency market should remain.
2015  Economy / Economics / Re: The 2nd generation of banking is going digital on: December 06, 2020, 03:32:42 PM
Although the world is gradually moving towards digital technologies, it must also be remembered that digital technologies make our world more vulnerable.  We become completely dependent on these technologies and during global cataclysms, when these technologies are turned off, we will simply become helpless for further survival.  Therefore, along with the transition to the use of high technologies, we should not give up old reliable technologies for now.  Therefore, cash is also not worth giving up for now.
2016  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: December 06, 2020, 03:03:07 PM
There may be several reasons for this.  In general, of course, cash is less traceable than cryptocurrency.  Also, not all criminals are well versed in cryptocurrency.  Therefore, they are simply afraid to use it.  On the one hand, they are afraid that they can be identified, and on the other hand, that they will not be able to cash out the cryptocurrency in the end.
2017  Alternate cryptocurrencies / Altcoin Discussion / Re: Can new crypto beat Eth in the market? on: December 05, 2020, 05:34:43 PM
Ethereum capitalization is strong enough that it will be difficult for the new Coin to beat Eth.  Ethereum is becoming an investment choice for beginners or those who have been in the crypto space for a long time.  We have been here for several years. We can see that the Eth ranking on Coinmarketcap is quite safe, only Ripple is able to overtake but it doesn't last long.
The new coin can bypass ethereum only in price, and that is most likely for a short time.  The most important indicator is the capitalization of a coin or token, that is, the volume of investment and trade.  This indicator is used to judge the demand and popularity of cryptocurrency.  Ethereum has a good margin of safety in terms of capitalization and therefore no one threatens this coin yet.  With the successful implementation of Ethereum 2.0, the position of this coin will be even stronger.
2018  Alternate cryptocurrencies / Altcoin Discussion / Re: Central Bank Digital Currencies - how will they be constructed? on: December 05, 2020, 05:11:27 PM
If a central bank creates a cryptocurrency which has unlimited coin supply, there will be no difference from today's monetary system and reserve paper money. So it's a pure centralized system.
But if they create a coin that limited supply like bitcoin, then we'd talk about partial or "semi" centralization. This coin would neutralize monetary policies and has an aspect of freedom.
We'll see what's going to happen in near future.

The point of state central bank stablecoins is not to create a stablecoin that looks like a cryptocurrency.  The government wants to replace non-cash payments with its national currency with the same ones, but using blockchain technology.  Therefore, their stablecoin will definitely be tightly centralized with unlimited stablecoin issuance.  Due to the coronavirus pandemic, some of the cash will be replaced by the national stablecoin.  The Chinese digitalized yuan will be launching soon, and we will take a closer look at such stablecoins in practice.
2019  Alternate cryptocurrencies / Altcoin Discussion / Re: All hope is lost?? on: December 05, 2020, 04:38:33 PM
I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
There are two sides to success and risk in business and investment. so do not be too pressured and psychological. Although I know the loss is not small, once the profits are too high, the risks and deception from the project always happen, so you should be careful not to fall into the trap of greed. You still have many opportunities to learn from experience and choose a wise investment channel for yourself.
Investing in new projects is always associated with great risk.  Therefore, beginners should not start right away with new projects and new tokens.  The best place to start is investing in the coins at the top of the CoinMarketCap table.  First you need to understand how the cryptocurrency market works, its cyclical nature of price growth, and only then switch to specific coins with their individual characteristics.  It is always difficult to restore what is lost, but you should not despair.  The main thing is to draw the correct conclusion from your mistakes and not repeat them.
2020  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking on ETH 2.0 on: December 05, 2020, 03:32:43 PM
Staking is not that worth it I think. Only those who have a significant amount can profit from it. Even 1 ETH wouldn't cut it because you wouldn't be able to stake at all, you'll need a pool which is not safe. It's better to stake in other coins that have better ROI than ETH.
That's what im thinking right now. You can try to calculate how much people will earn with 7% APR for 32 ethereum. That's small amount of interest.
If you are visiting binance and there are other coins who have been offering better interest.
the locket period is also very long. It's not worthy to try.
I read the information that 32 ethereum in staking will be blocked for two years at 15 percent per annum.  However, the problem is that in this case you need to use a personal computer of a certain capacity, which must be connected to the Internet around the clock, otherwise penalties will be imposed.  Existing technical requirements and requirements to be constantly connected to the Internet limit our staking opportunities.
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