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2321  Bitcoin / Bitcoin Discussion / Re: Happy Halving! on: May 13, 2020, 03:43:06 PM
Even the halving already happened there is still no high movement but maybe it takes few weeks before it's rise again the value.
Im excited of the halving because it's reminds this what happened in the 2017 when after halving cryptocurrency is become very and I earned more profit and I hope it will happened again my earnings in the year of 2017 in this year.
Maybe not either, we have talked about halving a lot so I think we are all just sitting and waiting for a good run on the price but we did not see it coming so we are waiting up til now. I guess what happened on the price when it reaches $10K is that people who bought in between $5K to $6K range just secured their profit since we already anticipated that there will be a massive bull run after the halving. I don't want to assume that halving do not really affects the bitcoin price and we are just all focusing on it.
2322  Economy / Scam Accusations / Re: Biggest bitcoin "giveaway" scam I've ever seen... on: May 12, 2020, 08:03:57 PM
I made several accounts and got the .69 BTC each time. Yes the .02 fee is there to pay the gas. Easiest money I made in my life! I profited 4 Bitcoins with this giveway.
JK
I was about to call you a part of that scam lol haha but then I see the JK below.

I've also seen this earlier, it attracted me coz it is a giveaway then I saw the deposit first word, no need to ring any bells, that was a pure scam. They are fishing typically, they can't get big fishes with a thin nylon and small hook, they should have thought of this. We don't have any complaints against it, so anyone here who wants to try this? JK  Grin
2323  Bitcoin / Bitcoin Discussion / Re: Lightning Network, is it a good solution? on: May 12, 2020, 05:13:02 PM
Many people seem to be fan of LN while any others are directly opposing this. I'm not an old guy here nor I'm a techy guy in bitcoin. I only know the basic which I need. However, so far, LN seems to be a good addition. But why some people say it's not good?
Lightning Network is a solution for faster and cheaper transaction, a new solution that has been on the air for a long time that hasn't been on the ground for application. Some people say it is not good because it does not support any offline transfer although it is a new technology, whether it does not support that it is possible to have that kind of feature in the future.
What are the advantage vs disadvantage of LN? Can you please put your opinion? I would love to see the both side.
As I say, one beneficial characteristics of lightning network is, it increases the handling transaction of a coin example bitcoin, you can have faster and cheaper transaction with bitcoin using the the lightning network. But aside from it does not handle any offline support, one major thing that is off for lightning network it has a problem when it comes to tracking and tracing.
2324  Economy / Trading Discussion / Re: What is the difference between cryptocurrencies and stockmarket? on: May 11, 2020, 05:06:11 PM
Obviously, the most significant difference that traders should pay attention to is volatility. The forex market is much less volatile and does not provide the incredible opportunities that the crypto market provides.
Therefore, the crypto market is so attractive compared to the stock market. Most crave quick profits that are not possible in the stock market, while the crypto market creates the illusion of this.
On top of the main reason which is the volatility, it is worth to consider also that the cryptocurrencies is decentralized whose value relies on the law of demand and supply that is unlikely to happen in stock market since it is regulated by a central body that is connected to the government. These market are good in terms of investment, but If I were asked what is better it depends on what are you planning to do, short or long term because if you are targeting for a long term investment then most probably go with the stock market.
2325  Economy / Economics / Re: Is a real estate crash/dip due? on: May 11, 2020, 04:10:15 PM
It hasn't crashed yet but we can see it declining obviously because of the global problem that we have. People are pulling out their investments every where like in stock market, oil industry even in crypto market whose category will fall into the economic side on which real estate is also belong. I guess property owners have stopped asking for their client's payment of course every one is suffering during these times. I am living in an apartment, luckily my landlady is very considerate although they haven't receive my rental fee as well as my neighbors for 2 months and a half.
2326  Economy / Trading Discussion / Re: Why You choose Crypto Trading instead of Forex Trading. on: May 11, 2020, 02:47:38 PM
Forex exchange is more stable than crypto it will not go up with massive percentage or go down as well. While on the cryptocurrency you can experience it. Because cryptocurrency potential is far greater than these national currencies. Some crypto has limited supply except ETH which is increasing now and then, Most cryptocurrency especially bitcoin has limited supply so the probability to go higher is big, more chances of profit on cryptocurrency but the loss is also expected if you don't know what you are doing, be responsible if you trade.
Basically cryptocurrency market is both for short and long term investment and trading unlike forex which is less volatile so you could be waiting a month before you can decide whether you pull it out or still continue holding. Crypto trading more complex than forex in my opinion since forex is heavily regulated that'sy speculation of the people could help your investment grow in no time, could also lose it all otherwise. Cryptocurrency like bitcoin is most likely to be the best short and long term trade material for cryptocurrency.
2327  Economy / Trading Discussion / Re: bilaxy.com Exchange legit or not? on: May 10, 2020, 07:08:30 PM
Does anyone have some positive feedback from bilaxy.com exchange here?

I have a token that is listed there, with good volume too (as far as I can see on the site), but before I move my funds there, I need to be sure that there is no scam behind, so please share your experience if there is any

Tnx

This exchange platform is not a good one, most p the coin listed to this platform are honestly not potential to trade-in.
That's the truth and reality things happen actually, it has a similarity to Latoken I think. Where most of the altcoins are
just a piece of shit sorry for the term.
Well you have your own judgment on their platform but for me it looks good enough to trade some coins, by far, not most of the coin listed on Bilaxy does not have any potential you just have to look at it in detailed way, It is just that 50 coins by estimation has a low trading volume on that exchange not that bad for an exchange that has been around for just 2 years. Shitcoins are everywhere, even on worlds greatest exchange by now.
2328  Economy / Economics / Re: Some Strategies to Face the Next Crisis on: May 10, 2020, 06:28:07 PM
There is a something in the future that does not look so good, after this pandemic we might face an economic collapse, high debts, and worst a second wave of this corona virus. What's best to do for now is to avoid any unnecessary expenses, just focus on what you need for at least every month. And I agree borrowing money is not a good idea during these times, but if it's reasonable and you think it'll worth the interest (if any) then why not? just leave it at the last option at the very least.
2329  Economy / Trading Discussion / Re: Beware of fake okex.com exchange on: May 10, 2020, 03:16:29 PM
To avoid access a scam website, I suggest you should bookmark the real adress in your browser. And before login, rember you already look at the adress bar to sure you type a correct adress of website. Before, My friend lost many thing by use google to find "myetherwallet" and access in the 1st in the searching table. He login in the scam website, upload JSON file to login and scammer get everything in his wallet
This is the key to avoid getting into the fake exchanges. When you are trading often, let's say you are trading every day might as well bookmark the website or platform where you are trading so you can easily access it with just a simple click, or put it on your favorites so it will pop up whenever you are typing on the search bar. I've been seeing a lot of this recently, some are typosquatting the original website that it would look like it is the original website but its not. So everyone should be aware on the sites, always check the security of the website, google can easily detect it.
2330  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Safe Haven Asset? on: May 10, 2020, 02:24:41 PM
Bitcoin is one of the top investment no doubt, but I don't think it's a safe haven type investment. After investing, you can't sleep by ignoring the market, you have to look at the price so you can sell at high and earn profits! But most of the time bitcoin price remains low. If you did buy at 3800$, then Bitcoin is a safe haven already, but if you go for invest now, then you are taking a little bit risk!
Considering bitcoin as safe haven asset is not good idea because its value is changing due to its nature which is being volatile. Look what happened before, it crashed like other securities so we should not consider it as an asset that is safe. Everything depreciate even gold so we should be aware that prices moves in a trend. We should remove to our head the term safe haven especially if we are going to make investment because some of people are getting hyped when they thought that bitcoin is a safe haven.
Bitcoin is an asset but not safe haven, let's just compare the basic ones and the most discussed among all topics, bitcoin and gold, Gold is a safe haven and an asset since gold can store a value and it maintained its value over a long time period, it is volatile yes but it is very low that you would not even feel it when it drops, on the other side bitcoin, it is an asset because it can store a value but not a safe haven since it is very volatile, there is no word safe for something uncertain and volatile.
2331  Economy / Trading Discussion / Re: Top Cryptocurrency Exchanges on: May 09, 2020, 08:40:06 PM
I think in the present situation you should only think about  big exchanges like Binance, Bittrex or kucoin etc because these exchanges are trusted. And this exchanges liquidity also is very high. So you need to choose biggest exchanges for safe trade. I saw new investors was effected/lose money for trade new exchanges.so you should think carefully  before making a decision.
Pretty obvious if you are really wanted to do a safe trading practices just go with the trend exchanges since those are the high volume exchanges and high liquidity like Coinbase, Binance, Bitmex etc.
Choosing an exchange is like choosing a house for your money, you better be researching all about it first before entering so you'll be totally safe. As my personal opinion, Binance is the greatest at the moment.
2332  Economy / Economics / Re: Virus Bear Market? on: May 09, 2020, 07:57:50 PM
Do you think the btc halving has already been priced in at near 10k?

What year are we in that 4 year cycle?

if the 4 year cycle is real (and i'm not convinced it is) then 2020 = 2016. 2013 and 2017 were bubble years, which suggests that 2021 is the next one. there are two alternate possibilities to consider though.

1. the pattern is becoming too obvious so the next bubble will happen sooner (2020)
If people would follow of what is obvious then it will happen sooner or later than what it should be, coz man speculation these days are pretty massive.
2. the 4 year cycle is a bunch of BS
I don't know man, it seems like people look at the market in a very technical way when it should be not simply because it is decentralized, people should not be relying on the technical side as it is just a past data hoping to happen again.
there are probably still people buying based on the halving, and also people selling because they expect a post-halving dump, so i wouldn't call it priced in yet.
Of course we all do, we made the halving event an opening for gullible people, look where are they now, looking for the 24hour price changes.
2333  Economy / Economics / Re: Bitcoin and Crypto Jobs 2020 on: May 09, 2020, 07:25:55 PM
it's better to have another job as well


It will be risky to rely only on the job the crypto brings and this is because it is scam prone. You can give your all but at the end, you get scammed. This is one big issue as it is not regulated or registered and so scammers can't be held. This is exactly what has been happening with bounty hunting and some managers are known to promote scam project at the mercy of participants.
Of course relying alone on crypto jobs cannot fully sustain our basic needs so it would still be good if we have our own stable job aside from crypto. But since we are facing a pandemic at this moment, it's still a great option staying at home while making an income from crypto jobs. 
Yeah at the moment trader who have decent job might just do a full trading lifestyle since most of us are prohibited to go outside without a reasonable facts. But I do not count the trading as a job, why? because it is more of like a business since you do buying and selling, you are just acting like a store with so much risk in it. What could be a job that is related to crypto is into computer science, programmers, IT, software engineers and any computer related jobs, not just being a trader is a job. imo.
2334  Other / Beginners & Help / Re: I want to buy bitcoins on: May 09, 2020, 06:23:27 PM
Any time is a good time yo buy bitcoin but If I were you I would buy as soon as possible now because halving is coming to the mark and it is speculated to reach it's all time high again this time.
If you are willing to buy peer to peer for a lower fee then I suggests to transact with reputable ones here in the forum, you can find them in marketplace. Don't trynna talk with someone who messaged you, it should be you who contacted them first, just a tip.
2335  Economy / Economics / Re: Get ready for more tax. Save your BTC! on: May 08, 2020, 05:15:39 PM
The government of every country must reduce this rate of interest Everything is closed. People live in lockdown Office, court, business, trade are all closed. How will they pay this tax to the government? There are many poor people that don't get enough to eat If there's no government tax at this point many will face problems. the govt is imposing VAT on everything and increasing the quantity of tax The epidemic isn't yet fully in check But if we will solve this problem by investing in bitcoin blast to save lots of bitcoin from sitting reception.
The government should consider the fact that everyone is not doing any thing to get a money, all of us have just what we have saved from working and some relief that is given to us. The government should choose the long road for recovery, they should not impose higher taxes just to recover the losses that they have got in expense of people's hard work money. Tax is progressive but do not increase it by a sudden because of the damage recovery idea.
2336  Economy / Exchanges / Re: Can you trust a cryptocurrency exchange? on: May 08, 2020, 04:20:38 PM
Can you trust a cryptocurrency exchange?
The whole point of bitcoin was to create a cryptocurrency which did not needed a third party for your transactions to go through, relying on a centralized exchange goes against bitcoin's nature, however I understand that it is inevitable to use them if you want to be a trader or an investor, so what you can do? The best thing for you to do is to minimize as much as possible the time that your coins are in an exchange that way the risk of being hacked becomes really low.
Yeah, the creation of bitcoin was mainly to be a peer to peer electronic cash system which disallow any form or middle men to avoid extra cost. There is the ironic part of decentralized cryptocurrency going into centralized exchanges but the degree is not the same, like the category bitcoin is decentralized because it is not govern by any group or organization but it do not goes the same as exchanges because centralized exchange means there is a central command for which the transactions are being gathered.
2337  Bitcoin / Bitcoin Discussion / Re: 65% of Global Bitcoin Hashrate Concentrated in China on: May 08, 2020, 03:40:31 PM
I think the situation was always like this with China having more than 50% power of the hash rate so I don't know if things will settle down a little and if China will ban mining Bitcoin (which I doubt it ever happen ) but the balance must be done in some way as it would be nice for some other countries to install big mining farms. If a balance won't come , China will own more than 75% of hash power in the next years.
We can't do nothing about it, it is decentralized after all, we could not do a thing against it if that is what Chinese people want to do, to mine then it is other's country thing if they should have a large mining farms in order to achieve the balance but I doubt it is happening. One factor why most of the hashrate is coming from China is because their electricity rate is low, if I would compare it to our electricity rate here it is 50% less than what China is offering for their people, so that counts for another factor why most of Chinese is mining.
2338  Economy / Trading Discussion / Re: Trading Bitcoin Question on: May 07, 2020, 06:19:06 PM
Uuhmm… There are some groups that are created for the purpose of pumping and dumping coins in the market, but the cryptocurrency community is strongly against that. It's what is referred to as price manipulation. Although Bitcoin cannot be manipulated that much, other smaller cryptocurrencies can easily be manipulated.These pump and dump groups are investors who contribute together a heavy amount of money and invest in a small altcoin to pump the price and when the price increases they will sell it to make profit. I wouldn't advise anyone to do that, it's best that you just invest when the price is low and hold it till it increases.
These people are whales, as for slang whale definition is a large player in the market, it is not only believe to be a person, there are some groups who form community that purposely doing things that will affect the market so they can manage to take advantage of the collateral continuous dump or pump. Although bitcoin is totally decentralized, these manage to come up to this smart idea. However these whales are not large enough to totally collapse the market, the ocean of crypto is much larger than what we think.             
2339  Economy / Trading Discussion / Re: Is day trading is good in crypto market? on: May 07, 2020, 05:08:28 PM
In my opinion day trading is very profitable, but you should be able to choose the right coins and also be able to predict price movements
in the market. If suffer a loss, I also experience it. In day trading there must be a loss,  not always profit. The most important thing is the
amount of profit obtained must be greater than the losses that we experience. It's true that whales do a lot day trading, but not always profit.
Sometimes whales also suffer losses.
In day trading I advise just to trade the top 10 coins listed in the market, the most valuable and high volume ones since that is where your profit is coming from, prediction would be meaningless if it just about 1% to 3%, you can't get any thing with that. Whales do have the best advantage on day trading since they are impacting very well in the market, they could just easily set a trap for small traders and they end up losing.
But imma say day trading has more risk than just a normal trading practice.
2340  Economy / Speculation / Re: BTC Halving about to make a major move? on: May 07, 2020, 03:57:00 PM
Well, it looks like there's quite a lot of positivity out there. As soon as this positivity isn't going to turn into silence in a matter of weeks, it could turn BTC into a monster. If everyone goes silent soon after the halving, get ready for nothing.
The core of bitcoin is the pure speculation from the people, as I see the positive remarks of some famous people out there, they helped bitcoin a lot especially that we are having this even called  halving that will cut the supply into half, and guess what we are all anticipating the good from it since we already had 2 great halving results in the past 8 years. We already hit the $20K ATH, I guess it is time for us to go after that price range.
Just stay still and hope a 2015 crypto-doomsday like scenario isn't getting ready for us and everything will be fine. Price will move according to what we do with BTC and if the FOMO continues, it's going to be a positive movement.
Bitcoin will be bitcoin, no matter how deep it goes, high it flies bitcoin is going to be just fine.
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