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2281  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin provides more long-term profits on: January 19, 2020, 05:00:12 PM
many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.
Yes, altcoins may well bring more profit in the future than bitcoin. Bitcoin already already has a very high price and the risk of investing in it is decent. When investing in altcoins, the difficulty lies in the fact that you need to choose the right worthy object for investing. Here you can also get a good profit, or you can completely lose your investments. I now see the price growth of many old tokens that I have been holding since 2017 and this is very good. Altcoins have their own perspective. They are cheap and are developing rapidly.
2282  Economy / Economics / Re: Thoughts on the World War 3 and its possible impacts on future? on: January 19, 2020, 04:40:01 PM
Of course, a third world war is possible. However, not in this case because of the conflict between the USA and Iran. Both in the USA and Iran, we see sharp protests against the escalation of tension between these countries. Trump is prevented from doing this by Congress, and in Iran, his own citizens and the world community.
However, a global war is possible; now the Russian government is a constant hotbed of military tension. We see that there are quite a lot of such centers in the world, moreover, the third world war may well arise due to a malfunction of technology and human errors. Like the one claimed by the Iranian government regarding a downed Ukrainian civilian plane. However, in this case, I do not believe something in some kind of accident and error.
2283  Alternate cryptocurrencies / Altcoin Discussion / Re: An uncertain future of Libra! Is it good for the crypto traders? on: January 17, 2020, 06:16:18 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued.
2284  Alternate cryptocurrencies / Altcoin Discussion / Re: You think that governments might adopt cryptocurrencies to replace fiat currency on: January 17, 2020, 05:53:57 AM
It is going to happen sooner or later, especially when the economic giant that is China has already announced its official coin, similarly Dubai and some other middle eastern countries are also working on crypto and blockchain, i think once these projects surface then most other countries will also follow resulting in real mass adoption.
No, states will never switch to using cryptocurrency instead of their national money. Moreover, the Chinese government will not do this. In China, they want to issue their own national stable coin. This will be the same national money yuan, only in digitized form. Stable coins do not belong to a decentralized cryptocurrency, this is the same fiat, only on the blockchain. While states plan to issue their own stable coins, however, they will not switch to the use of decentralized cryptocurrency.
2285  Economy / Economics / Re: Malaysia to Limit Cash Transactions in 2020 on: January 13, 2020, 05:19:50 PM
Personally, I strongly support Malaysia's plan, cash transactions really need to be reduced to make efficiency in transactions.  cash is an old concept, I have started using online transactions in various important activities such as buying daily necessities, buying gasoline and paying bills, in addition to greatly facilitating me, I can also monitor how much I spend money every month.
I do not support such measures by the Government of Malaysia. No need to set limits on the use of cash. It would be more reasonable to introduce a rule to make large purchases and transactions by bank transfer, however small household purchases cannot be limited in the use of cash. This is clearly not a fight against abuses in the use of cash. Either the Malaysian government has other goals, or such steps are unreasonable.
2286  Bitcoin / Bitcoin Discussion / Re: What is the fate of Scammers if bitcoin later becomes a traceable Currency. on: January 13, 2020, 04:45:10 PM
By trace, OP meant, finding the details of owner of any account. From 1 account money was sent into another. Suppose mr x sent money to mr y. Who is mr x? Who is mr y? No one knows. Unless y send funds into centralized exchanges. What if they sent money into btc mixer? What if they trade for p2p?
And no one really care if btc amount is small. We only caught few hackers.
Of course, if someone sends Bitcoin from one wallet to another and these funds remain motionless, then in the absence of other transactions, no one will establish the owners of these wallets. Also, if someone steals the cryptocurrency and transfers it to a new wallet and it remains without movement, the thief can not be installed. However, cryptocurrency is not stolen so that it is without movement. Most often, thieves and scammers lack patience and they make mistakes. Now states are joining together to fight crimes related to cryptocurrency. This is quite natural.
2287  Alternate cryptocurrencies / Altcoin Discussion / Re: Iran again want to make some dirty things on: January 12, 2020, 08:46:54 AM
I do not think that the conflict between the USA and Iran will grow. Given that the United States didn’t do the right thing by attacking another sovereign state, even if with a noble purpose to prevent General Suleymani’s planned attacks on missions of other states, they have not yet responded to missile attacks on US military bases in Iraq. However, if this continues, the United States will certainly strike back and this could develop into full-scale hostilities. In this war, Iran will lose anyway and this should be recognized by their command. The current threats from Iran are likely to be a farce.
2288  Economy / Economics / Re: World Economy and war situation and crypto on: January 12, 2020, 08:28:35 AM
will have an impact. let's look at some time ago. which is bitcoin traded in Iran at a price of $ 24,000. this is the impact on WW3 with US. what if this comes true. and US at war versus iran. there are 2 possibilities. First, if the US loses, the dollar price will fall and bitcoin will pump. if US wins, I think bitcoin will fall. Iran has supported BTC by making prices far from the existing market. hope all follows that price.
The forum denied rumors that in Iran the price of bitcoin had risen to $ 24,000. There is information that there over the period of tension between the US and Iran, the demand for bitcoin did not rise at all. At the same time, I did not find Iranians commenting on this. However, I agree that local wars will lead to higher prices for bitcoin and other cryptocurrencies. In the event of a world war, especially with the use of nuclear weapons, cryptocurrency can generally cease to be a means of payment.
2289  Bitcoin / Bitcoin Discussion / Re: Survey: At What Price would you stop investing more money into Bitcoin ??? on: January 12, 2020, 07:51:32 AM
In my opinion, lowering the price of bitcoin, if something terrible for bitcoin has not happened, is not an obstacle to investing in it. Most likely, there would be a problem for investing if Bitcoin rose very much in price. I mean somewhere over $ 30,000. Big price - big risk.
2290  Bitcoin / Bitcoin Discussion / Re: Discussions about ‘Iran buying Bitcoin’ are no longer valid on: January 07, 2020, 05:24:33 PM
Meanwhile, the price of bitcoin is gradually growing. If this morning the price of bitcoin, according to CoinMarketCap, was $ 7,880, now it is $ 7,922. If interest in bitcoin in Iran has not increased, then maybe its price increase is due to the fact that in May it will be divided in half, or rather, the reward for each new block mined will fall by half? If this is so, then until May, bitcoin can very strongly increase in price.
2291  Bitcoin / Bitcoin Discussion / Re: John McAfee backs out of his $1 million bitcoin prediction on: January 07, 2020, 05:08:53 PM
2020 has already begun and people increasingly began to recall McAfee’s forecast for a million-dollar bitcoin price and, most importantly, his promise if his forecast does not come true. In order not to be a laughing stock for the whole world at the end of this year, McAfee decided to remove in advance the possibility of people's fantasies how he would fulfill the promise on the air. The main thing is that McAfee has achieved his goal, about his forecast and especially about his subsequent actions, if the forecast does not come true, the whole cryptocurrency world has started talking. Well, that was fun.
2292  Economy / Speculation / Re: Will bitcoin will move up if there is a war with Iran on: January 06, 2020, 05:07:37 PM
Seeing the world economic conditions, will bitcoin move to all time high if there is a War with Iran ?
Oil and gold prices are already up within last few days. Will Bitcoin will be next?
Most likely, the price of bitcoin will rise only in the alleged zone of conflict, as happened in Venezuela. It is unlikely that the Americans will be very worried about this, but for the Iranians this is an occasion to be interested in bitcoins.
If gold has already begun to rise in price, then bitcoin will most likely also follow this.
2293  Bitcoin / Press / Re: [2019-01-06] Mike Novogratz Expects a Bullish Period for Bitcoin and Gold on: January 06, 2020, 04:44:45 PM
The price of bitcoin and gold is often affected by the same market circumstances. Rising geopolitical tensions tend to favor alternative investment vehicles. Following the killing of Iranian General Qassem Soleimani, tensions are rising between the US and Iran.

https://fintoism.com/news/mike-novogratz-bullish-gold-bitcoin/
It seems that this tension in relations between Iran and the United States will be long, because Trump is accused of killing the Iranian general, who allegedly directly ordered his destruction. If evidence comes up, and this is entirely possible, given the poor relations between Trump and Congress, and the recent impeachment of him, then Iran could take a serious retaliatory measure. Already, Iran is threatening to bomb US military bases. Therefore, it is likely that cryptocurrency and gold may rise in price in the near future.
2294  Economy / Economics / Re: Say Goodbye to Banking as We Know It on: January 05, 2020, 08:21:47 AM
This will most likely be the trend for most countries as they transition to the digital economy. But these government cryptocurrencies or digital currencies will still be centralized so they will not take the place of decentralized currency.
Stable coins of states, of course, will not take the place of a decentralized cryptocurrency, however, they can very strongly supplant it as a means of payment. People are more likely to trust the stable coins of their government more and therefore banks will change. Contrary to different opinions, the positions of banks from this only strengthened. They will successfully use blockchain technology and will become much faster and more efficient in conducting their transactions.
2295  Economy / Economics / Re: Gold exist 1000+ years. while bitcoins exist 10 years. on: January 05, 2020, 08:03:53 AM
Gold as a value, a measure of value and a means of payment has existed for more than one thousand years, and it was likewise valued in previous human civilizations.
Bitcoin is only ten years old, we have not heard about such financial assets, so we can not say how long the cryptocurrency will exist. Even today, the high price of bitcoin is temporary. It will constantly change, and the value of gold will last forever.
2296  Economy / Economics / Re: The Risks and Rewards of Cryptocurrencies on: January 05, 2020, 07:46:28 AM
What do you expect from a speculative asset? Of course there will be volatility and we can't simply escape that. Right now is just an example, reaching as high as $13800 on some exchanges and now down to $9800. You do the math as how much it drop? Just two days ago it was around $13200, and now below 5 digits again, so talking about volatility.  Grin

I agree with that, to be honest when you are talking about risks and rewards most of the time here, we will encounter much more risks and failures rather than rewards, and as what they have said what do you expect? Bitcoin-sphere is a free platform wherein foreign people are free to join, invest and trade here which we don't know if all of the transactions were done legitimately and I can say ome of the things that put us to risk, scams.
The high price volatility of cryptocurrency is one of the features of this market and you need to get used to it, since the high volatility of a decentralized cryptocurrency will not disappear. It is also the instability of cryptocurrency in the price that attracts investors and traders. The high price volatility of the cryptocurrency must be used to make a profit, but for this you need to know the cryptocurrency market well.
2297  Economy / Speculation / Re: Bitcoin to $1 million? on: January 03, 2020, 06:47:53 PM
Of course, bitcoin will never have a price of one million dollars. Over the past ten years, the cryptocurrency market has taken shape and gained strength, bitcoin has risen in price to $ 20,000. However, this does not mean that it will continue to grow in value. We see that after reaching a price peak, it fell by 70 percent. The price of a decentralized cryptocurrency is very unstable, so the price of bitcoin now fluctuates up and down. Bitcoin will go up many times, however, I do not think that its price will ever exceed $ 50,000.
2298  Bitcoin / Legal / Re: China cryptocurrency on: January 01, 2020, 07:39:56 PM
I don't think that the Chinese government are really focused on having their state-issued cryptocurrency first as the last time I checked they were more focused on the digitization of payments, and commerce since they want to take advantage of one of their biggest business inside the country which is Wechat's Wepay and Jack Ma's Alibaba which also has a payment system which is "Alipay", of course the secondary benefits from this digitization are the crypto industry inside China which is really big. Other news supporting what I am saying is that their Central Bank is also targeting to regulate STOs in their country which looking at the big picture I think they are just paving the way for the possibility of having their own state-issued crypto in the foreseeable future.
Zuckerberg, with his idea of ​​a global stable coin, Libra strongly pushed many states to create their own national stable coins. Among the first, the Chinese government announced this, which has already been working on creating its own stable coin over the past few years. The creation of this coin is financed by state and private banks. China was among the first to see the promise of combining its national money with blockchain technology. In addition, in this way, the government wants to distract the country's population from using a decentralized cryptocurrency, with which it is very difficult to fight.
2299  Bitcoin / Bitcoin Discussion / Re: Bitcoin is difficult to accept in countries on: January 01, 2020, 07:18:56 PM
at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
Bitcoin is still difficult for its practical use as a means of payment due to its already obsolete functionality. People began to use coins more for payment, which are more convenient and practical. In addition, now more and more states are declaring their intention to issue their own national stable coin. As a means of payment, this will also be a very serious threat to a decentralized cryptocurrency and, first of all, to Bitcoin.
2300  Economy / Economics / Re: Can Blockchain Replace Banks? on: December 30, 2019, 07:19:51 PM
How could blockchain replace banks? Blockchain is technology that is applicable in many industries, including banking and financial but it can't replace bank as an institution and services it offers. So, banks could only implement blockchain into their business. I think we have problem here with basic understanding of some facts.
You have misunderstood it, when it comes to banks getting replaced by blockchain means the functions taking place at the moment on traditional system will move onto the blockchain technology. Now itself more banking services have begun to use blockchain technology, so in future there are chance for higher level of adoption than the present.
Banks have already started using blockchain technology. The effectiveness of their work will increase significantly, but they will do the same work that they did before the introduction of blockchain technology. Therefore, nothing will change significantly. Blockchain simply cannot replace banks, since blockchain is only a technology, a tool, and certain work is carried out by banks.
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