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2281  Economy / Trading Discussion / Re: Huge crypto scam that happened last year(2021) on: February 02, 2022, 12:01:57 PM
If you don't want to get scammed,simply don't buy tokens issued by brand new projects,that have a vague and difficult to understand business model.
Let's be honest here,many of the so called 'Investors' know that these tokens are scam,but they are still buying them for the sake of making money via pump and dump.
Many "investors" know that these projects are totally unregulated,but they are still buying shit tokens.
The scammers have to be caught and punished,but all the people,who are putting money in these scams can blame only themselves and nobody else.
The risk/reward ratio of all these "crypto projects" is ridiculously high.This is basically gambling,rather than investing.
2282  Economy / Speculation / Re: Bitcoin on its way to $100000?! on: February 02, 2022, 11:38:17 AM
In the last two weeks,the BTC price dropped to 34K and many forum members were asking "Where is the price bottom?Will the price drop to 30K or 20K?"
Now,the Bitcoin price went up from 34K to 39K and forum members like the OP are asking "Will the Bitcoin price go to 100K?" The psychology and mentality of the average Bitcoin trader/investor is so funny. Grin
Nobody knows when the BTC price will hit 100K and will it be able to hit 100K some day.Maybe yes,or maybe no.I'm expecting another price drop in February and/or March,but I'm pretty positive about the spring.

2283  Economy / Economics / Re: One nation one currency... on: February 02, 2022, 07:16:58 AM
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?

There's no way that the entire human population can become one nation.
A nation is being formed for centuries.Every nation has it's own language and culture.
Do you really think that all the nations in the world would just decide to unite into one nation?
The idea of one global currency has been shared multiple times across the human history,but I don't think that most of the countries in the world would agree to abandon their monetary independence and to adopt a currency,over which they have zero control.
Gold and silver were the true global currencies,before the adoption of paper money.The world will never return to using gold and silver coins for every day transactions.
2284  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- Group Stage! on: February 02, 2022, 06:59:34 AM
PSG have poor capital when they will face Real Madrid in the last 16 of the Champions League, they have just been knocked out of the France Cup and this is an indication for Madrid to be able to beat PSG. Currently Madrid and PSG both have complete squads without any injuries and yellow card accumulation, I think this match will be very interesting considering that PSG is very ambitious to win the champions league title for the first time. However, the series of poor results obtained by PSG has become an obstacle to being able to beat Real Madrid, which has appeared quite consistent this season.

PSG cannot be underestimated and I don't think that Real Madrid will have an easy time playing against PSG.
The Cup of France isn't a top priority for PSG.Their top priorities are becoming champion of France and wining the UEFA Champions League.I don't think that the PSG owners really cared that much about the game against Nice.Real is really consistent this season,but that doesn't mean that they are capable for defeating every opponent.
2285  Bitcoin / Bitcoin Discussion / Re: Celebrities Embracing bitcoin because of Divorce? on: February 02, 2022, 06:25:11 AM
Bitcoin is financial asset.It should be treated like any other financial asset by the governments and the judicial  system.
All the celebrities,who are getting married only for the sake of getting divorced several years later and having to pay millions of dollars to their spouses are simply stupid.I can't feel sorry for a rich guy,who gets married and after a year or two cheats on his wife.
I don't see any news about celebrities embracing Bitcoin as a way to hide their wealth from their spouses.
There isn't such trend whatsoever.Maybe the celebrities must focus on Monero instead of Bitcoin. Grin
2286  Economy / Economics / Re: Can Government Really Ban Crypto? on: February 01, 2022, 12:40:27 PM
Can a government ban crypto?Yes it can.
How effective is the government at finding and punishing all the crypto users is a different question.
That's why many underdeveloped countries have lots of cryptocurrency users,despite the fact that those governments banned cryptocurrency trading and mining.
Your example with Android and Nokia isn't really accurate.The best example of a stupid government ban would be the dry regime in the USA(1920-1933).
The process of banning alcohol in the USA backfired and fueled the organized crime with millions of dollars worth of illegal revenue.
2287  Bitcoin / Bitcoin Discussion / Re: Neven's Law: Only a Decade Before Quantum Computers Hack Bitcoin? on: February 01, 2022, 12:15:36 PM
For some reason,the "quantum computers will destroy Bitcoin" discussion keeps appearing out of nowhere again and again. Grin
OP,haven't you read the previous forum threads about quantum computers and Bitcoin?
I don't think that you are adding anything new to the discussion with your forum thread.
You are just repeating the same old stuff.
By the time quantum computers become a thing,Bitcoin will be:
1."Quantum resistant". Grin
2.Replaced by a better cryptocurrency(if this is really possible).
Why bother about quantum computers?Don't worry about the future and enjoy Bitcoin while you still can.
2288  Bitcoin / Bitcoin Discussion / Re: Pay for coffee with Bitcoin on: February 01, 2022, 07:36:50 AM
You want to see our advise and suggestions about what?
How to promote Bitcoin or how to grow your coffee shop business?Or maybe both.
My only marketing advise would be to find local online groups of Bitcoiners in your city and invite them to your coffee shop.If there aren't any online local Bitcoiner groups in your city,then why don't you just create one (on Facebook or some other social media)and invite Nigerian Bitcoiners to join the group.
I can't dive you any advise about how to deal with the crypto laws and regulations in your country.
I guess that the anti-crypto regulations in many African countries are the main reason why there are so many Africans on p2p Bitcoin platforms like Paxful.
 
2289  Economy / Economics / Re: Overseing health and environmental impact of high energy required in Bitcoin on: February 01, 2022, 07:17:35 AM
This topic has been discussed and answered multiple times before.
I'm not going to waste time answering this,since it already has been answered by many forum members.
What concerns me is the low-IQ mentality and pure ignorance of many people,when it comes to this subject.
They are just thinking "carbon emissions=bad" and "electricity production=bad" "Bitcoin consumes electricity,which means that Bitcoin=bad". This is just hilarious.
We are all bad,because we consume electricity.We just have to shut down all the TVs,computers,fridges and lightning in our houses.We should go back to the medieval age,because electricity is bad for the planet. Grin
2290  Economy / Gambling discussion / Re: Africa Football Discussion Thread || Current discussion: AFCON - Semi Finals. on: February 01, 2022, 06:58:48 AM
My bet is that the final will be Senegal-Egypt and Egypt will win the cup.This is the most obvious bet.
By the way,what is wrong with the referees?The referee of Mali-Tunisia ended the game twice before the 90 minutes have passed.Is it really that hot?Can't they play the games late in the evening,rather than being exposed on the daily heat.
Anyway,I'm not impressed by the quality of the football that was shown on this tournament.Unfortunately,the African teams cannot compete against the European and Latin American teams.Maybe FIFA should invest more money into the development of the African football.
2291  Bitcoin / Bitcoin Discussion / Re: Bitcoin White Paper - Now available in 40 Languages on: January 31, 2022, 12:25:43 PM
The Bitcoin whitepaper being translated into more languages is something positive,but I wonder what would motivate the people to spend some time reading the Bitcoin whitepaper.
They might read the whitepaper because they are curious.
The times have changed and Bitcoin in 2022 is way different than the Bitcoin in 2009.
The Bitcoin whitepaper has more of a "historical value" rather than actual technical value.
Most of the people,who are entering the world of Bitcoin don't know and don't care about the whitepaper.
They think only about the BTC price and nothing else. Sad

2292  Bitcoin / Press / Re: [2022-01-29] Biden Admin To Regulate Bitcoin As A Matter Of National Security on: January 31, 2022, 11:56:27 AM
Quote
The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports.

It would be nice if there is one cryptocurrency law in the USA,rather than a bunch of vague regulations being imposed by different agencies and sectors.There's nothing wrong with making the rules and regulations regarding cryptocurrencies more cohesive and simpler to understand.
I also would like the USA the ban multiple shitcoins,memecoins,stablecoins and the NFT market.
There's no real value in the above mentioned "crypto" instruments.Only pump and dumps,ponzi scams and fractional reserve banking stablecoins,which don't have enough fiat reserves to cover all their coins in circulation.
China had proven that a total crypto ban is not the right solution.
2293  Economy / Economics / Re: 02/02/2022 :( on: January 31, 2022, 07:06:17 AM
I don't understand the point of your post.
What's the connection between the things you are mentioning and February 2 2022? Grin
Do you think that Febraury 2 2022 will be the date of the Apocalypse or something? Grin
Life is hard,but guess what.Life was never easy at the first place.
At least we are lucky that we aren't living in a World War 3 or some giant asteroid isn't heading towards the planet Earth. Grin
Why do you even care about Apple making more revenue?You can't stop people from buying iPhones.
If Samsung was selling more smartphones,would you be pissed off the same way? Grin
2294  Economy / Gambling / Re: BetGalaxy.io Casino - SIGNUP GIVEAWAY FIRST 500 USERS -JANUARY 31st 10:00 AM EST on: January 31, 2022, 06:49:44 AM
This seems like a very ambitious project.I'm impressed.
I'm overwhelmed by the token dividend system and the abundance of games you are offering.
I haven't created an account,but I might do it in the future.I don't really care about your bonuses.
Your token dividend system is kinda confusing to be,so I guess I will have to read your forum thread several times,in order to understand everything. Grin
Good luck with this project and I hope the issues with account creation and email confirmation will be solved.
2295  Bitcoin / Bitcoin Discussion / Re: MicroStrategy positioned #1 BTC holder, Tesla still at #2nd! on: January 31, 2022, 06:29:27 AM
I assume that there are many corporations and institutional investors,that are HODLing Bitcoins,but most of them simply don't want to disclose the fact that they are owning Bitcoins.
Companies like Grayscale and Microstrategy are well known for bragging and publicly stating that they have multiple Bitcoins in their balance.Tesla has BTC,but Elon Musk will keep trolling and saying stupid shit.
To be honest,I don't really care about such "Top 10 Bitcoin HODLers" lists.Does this even matter for the Bitcoin community?Will there be a significant change,if another company dethrones Microstrategy or Greayscale from the top position or Tesla from the second position?I don't think so.
2296  Economy / Trading Discussion / Re: Best strategy for crypto trading on: January 30, 2022, 12:10:37 PM
The best strategy is to "buy low and sell high". Grin
The problem is that not many traders know how to do this.
When it comes to Bitcoin,If the prices are dropping,just DON'T SELL.This is the number one rule.If you don't follow this rule,you won't be successful at cryptocurrency trading.If you don't follow the number one rule,all the other rules are pretty much pointless. Grin I'm just keeping things simple.Many traders want to make things complicated by all the technical analysis stuff,but I've always thought that trading isn't supposed to be rocket science.
If you are asking about day trading of shitcoins and memecoins I can't give you any advise,because I don't want to touch shitcoins and memecoins even with a ten-foot pole.
My only advise about shitcoins/memecoins is to sell them and get rid of them ASAP.
2297  Economy / Speculation / Re: Prediction: Low was $34K or will be ~$25K on: January 30, 2022, 11:46:22 AM
The current price is 38K USD.Is this a bull trap or price recovery?I don't know.Nobody knows.
You say that the traders will be waiting for the lowest possible Bitcoin price,before they start buying.
I think that 1 cent or 1 dollar is the lowest price of Bitcoin,but this price ain't gonna happen anymore. Grin
I guess that some traders thought that 34K is the lowest price,so they have already started buying.

Quote
We had a low of $34K mostly due to cryptos close correlation with the stock market.

The crypto market and the stock market don't have a "close correlation".
They just reacted to the same bearish news coming from the Federal Reserve-upcoming interest rates increase,less quantitative easing,etc.Such news have an influence over all financial markets,but that doesn't mean that the different markets have some kind of correlation between each other.
2298  Economy / Economics / Re: Jeremy Grantham predicts the US 'superbubble' will pop, wiping out $35 trillion on: January 30, 2022, 07:35:19 AM
This guy seems to be just like another "prophet of the Apocalypse". Grin
We've seen many people like him before and 99% of their predictions end up being wrong.
Most of the things he says make sense,but they are kinda exaggerated.
The US stock market is overvalued and heavily pumped by the money printing machine,but I don't expect a giant bubble pop,wiping out 35 trillion USD from the markets,because the Federal Reserve will stop such bubble pop,by injecting trillions of dollars of liquidity on the markets.
This guy is completely wrong about Japan and his opinions about the cryptocurrency world are partially right and partially wrong.He's right about all the memecoins,NFTs,shitcoins crap,but he's wrong about cryptocurrencies being "so complicated that normal people can't comprehend them".
2299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] 🎲777xmr.net — Simple, provably-fair, community-funded Monero Dice on: January 30, 2022, 07:09:22 AM
I've created an account on your website,but I get a 502 Bad Gateway,when I tried to login.
Is the problem in my browser?Is anyone else getting the same problem?
Anyway,everything around Monero makes me suspicious about the risk of getting scammed.
I assume that you don't plan of getting a Gambling license and making this a legit whitehat gambling business.
I guess that the darkweb users and the privacy/anonymity fanatics are going to be your main target audience.This isn't a really big target audience,since most of the gamblers simply want to gamble.
They don't care about privacy/anonymity and all that stuff.
Good luck with this project,OP.


2300  Bitcoin / Bitcoin Discussion / Re: One Bitcoin on: January 30, 2022, 06:41:55 AM
Quote
Like many, I heard stories of overnight riches, and felt the need to get involved.

Just like many,you have bought BTC only for the sake of making more money(getting rich quick).
There's nothing wrong with that,but:
1.You won't get rich quick.
2.Satoshi didn't create Bitcoin for this purpose(This will always bother me,but there's nothing I can do).
I'm glad that you have dumped all the shitcoins,memecoins and all that scam pump&dump BS,which makes me embarrassed of the cryptocurrency world.
I respect all the people,who have joined the Bitcoin world.Welcome to the HODLers club.
I hope that you have the emotional stability to resist the urge to sell,when the BTC price drops.
Good luck with your Bitcoin journey.
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