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2381  Bitcoin / Bitcoin Discussion / Re: Bitcoin moves like Gold? on: April 26, 2020, 01:43:21 PM
Not exactly, these are two different investments with different goals.

The biggest difference between gold and bitcoin investment is

- Gold investment is Low risk  while bitcoin investment is High Risk
With today's gold price stabilization, I don't think you need to consider it as an investment since we haven't seen its price increasing that much for a very long time while bitcoin on the other hand has its own support for the price to rise each every year. So gold is more likely an asset, a safe haven for your money because it never losses its value. You better think what you need right now, an asset or an investment.

- Gold will give you less ROI while Bitcoin will give you more ROI (Return on Investment)
Less ROI for gold or none at all. If you are looking for ROI with certainty then go with business, but if you are looking for investment with good ROI then go with bitcoin but also need to consider the bitcoin because it has a high volatility rate.
2382  Economy / Speculation / Re: Is Covid-19 a cause for BTC price drops? on: April 25, 2020, 04:46:42 PM
This pandemic brings to every country in bad fate and every investments/assets are all in a huge decline since beginning of March millions lost jobs, and thousands have dead already even the bitcoin halving are coming I dont see the price will continue to rise due to this event but if no pandemic Im really sure price of btc is skyrocketing now but unfortunately this is not happening due to this plague and this will not change unless vaccine is already here.
Pandemic is anyone's problem right now, any market like stock or oil or crypto, it does not matter since what runs these market is the people and the people is afraid of losing so they are pulling out however with the crypto market that we have, we already resisted at a certain price unlike stock and oil that reaches the bottom rock ( although it does not affect the oil industry that much). Halving is coming near, I'm quite doubtful with it since we have a huge problem, global problem so I'll be 50/50 over the rise of the price of the bitcoin this year's halving. But who knows? Market have shown some spikes.
2383  Bitcoin / Bitcoin Discussion / Re: CRYPTOCURRENCY IN NORTH KOREA on: April 25, 2020, 04:04:51 PM
The average North Korean has zero hope of ever getting anywhere near the normal internet other than on smuggled Chinese phones. They won't have any money to buy any even if they managed that. Even the most privileged North Koreans only get government intranet access.

Crypto is likely to be solely the preserve of government hackers and the extreme elite.
This is what I only think of it, even if North Korea welcomes the use of cryptocurrency it would not be beneficial to all its people but only for those in higher ladders. I have watched one of travel vlog in North Korea, it looks strange because their airport has nothing, no people, no staffs not unlike the normal airport and if there is any they are always escorted by korean  police. Do you imaging crypto in that country? there is no future at all but it will indeed help the community. They only even have one televised channel for people to watch and that is the news channel, no doubt there are lots of people tried to escape North Korea.
2384  Bitcoin / Bitcoin Discussion / Re: Weird wallet address on: April 25, 2020, 01:26:39 PM
I've been seeing a lot of posts these days talking about addresses that is having a huge amount of bitcoin into it like what's the matter with these addresses? you know there are more of  address that looks like this, some amount is even higher than this and most of it is an exchange address or sum of funds from selected client inside the exchange. But if this address does not belong to any exchange, if this is owned by a single person then he could be a millionaire or a billionaire that invested in crpyto. All transaction made was in 2019, so I assume that the person behind that address is holding. No need to dig for the owner's info tho.
2385  Bitcoin / Bitcoin Discussion / Re: Can BTC really be a safe haven? on: April 25, 2020, 12:22:56 PM
I think when we say save haven; it is an indication that with bitcoin you can't always have losses, but reverse is the case.
Bitcoin is a very good token; vast and used for international transfers by its users, or for payment on webpages, but to me bitcoin is not a safe haven.
I think it is somehow a safe haven, but not that strong. With our imaginary price resistance range, we have seen the price of bitcoin not going beyond a certain range of price for the last 2 to 3 years and that is the very reason why users, websites and even merchants pursue to have bitcoin on their payment methods. I guess people calling it safe haven because they already rid the price of bitcoin in skyrocket.

If you have 1 bitcoin today, it could be worth 7000$ today, then tomorrow it could be 4000$ or 20,000$; that is not an example of safe haven.
Stable coins should have the tag safe haven
Volatility is what makes bitcoin not the safe haven because it does not behave like the tether or other stable coins. For now, what fits best with bitcoin is a form of investment especially the price per bitcoin is high.
2386  Bitcoin / Bitcoin Discussion / Re: Who own top 10 addresses on: April 25, 2020, 11:34:10 AM
I'm pretty sure you are not the only person who asked that question and many have done blockchain analysis to uncover the owners of those unidentified wallets.

Imagine you own the wallet and did your best effort not to be identified with that address. You would want others to stop digging. There is this thing called privacy.   

Well maybe out of curiosity some people are digging information about these addresses without respecting someone's privacy. For a thing like this, I guess it is enough to know if the address belongs to an exchange, a person, or an institution. Why not try to keep your business in acquiring bitcoins? make the amount of those addresses a fuel to be inspired and be on the top 10 addresses, it is free to fantasize  Cheesy
2387  Bitcoin / Bitcoin Discussion / Re: Bitcoin spread rapidly on ‘China Twitter’ the price will rise before halving on: April 24, 2020, 07:58:46 PM
Lol, is this the first time that Chinese heard about halving? I doubt that, remember majority of the miners are in China so they have long been waiting and anticipating the block halving. Google trends? of course, everyone is at home, so obviously, the search will spike. I doubt that this will cause the price to spike prior to halving, everyone has been accumulating specially 2018-2019, so the price is already in. Maybe this is a bear trap, no expert in trading, but I'm not comfortable seeing the price going up like this.

Do you think that the current spike in btc is artificial and bitcoin will dump, then it is Bull trap, not a bear trap. I can't say with surely where bitcoin will dump on halving or pump, but in the long run bitcoin will pump big. By the end of December 2020, bitcoin will surely cross 20,000$
What I think of the spike in bitcoin trap is due to other market condition, stock and oil market is down as of the moment and the only market working good now is the cryptomarket, So there at least be less doubt why bitcoin is getting increase by now. About the halving, as it gets near to happen I am becoming more skeptical about it in a way of thinking that what would people be buying in crisis like this? Necessity or asset?


2021 will be a great year for bitcoin.
Stop with this, we already said this last 2019, actually we always says this if it is no getting great.
2388  Economy / Trading Discussion / Re: Best Crypto Trading Bots Review on: April 24, 2020, 05:52:39 PM
Wit the a hurting lost I've had today makes me want to have a bot, I don't get it, the price drops/increases whenever I have a thing to do for like 2 to 5 minutes but it does not show when I closely monitor the market. It makes me want to take a shot with these bot, thank  you for having these bots for sample I might look at it when things gets so dark to me today. At first I don't really think that I would use a bot for my entire journey but the market is so challenging these days when we are all locked up in our home.
2389  Economy / Trading Discussion / Re: Trade and make a profit in a Volatile market on: April 24, 2020, 04:17:58 PM
I like Binance in terms of leverage trading because recently they've implemented a 120% gain if you trade using margin trading.
I think choosing a fast response orderbook to buy or sell to make the necessary short or long entry is efficient for traders to make profit in volatile market that's what we traders like also with minimum requirements for KYC and personal info.

Agree, with you, in the same way, we should also consider the looses we are going face because of even one of my experience who lost his money in margin trading in Binance. In margin trading we should always be very active, otherwise, we might lose all our money and we should be very careful with margin trading.

Losing is not a thing to be afraid of but a thing that could help us to find where we are wrong and should be corrected. For this volatile market, maybe we should be thankful for this because this is the reason why we can possibly gain more profits. May the risk is high but if we could magnificently manage our trading strategy and focus on trading, it is pretty sure we got something great at the end of the day.
being afraid to lose is just a normal thing, however there should be no emotion involve in trading, everything should be align technically and mentally. I'm currently trading now, and I can really tell that the market is volatile this time, it went down a hundred $100 in just a minute making my trade in down position, but it slowly increasing and I hope it gets back to $7550. Risking is part of trading, that is a door to enter for you to know whether you'll win or lose.
2390  Economy / Economics / Re: The pandemic outcome on: April 24, 2020, 02:52:54 PM
Indeed, another crisis will occur even after this pandemic but when the pandemic has really ended, recovery will be carried out as soon as possible and I'm sure about that.
If they'll be able to find the cure of the corona virus, I think they'll be ready for the next virus, with the experience now, the government will certainly allocate bigger budget for scientist to study on how to kill the possible virus that will spread as we already see the effect of the economy, and we can't afford to experience this situation once again.
I thought at first that we are going to easily find this corona virus since we already had its type of corona virus before but I was wrong. Just today, our quarantine has been extended due to the fact that there is no slowing of covid-19 cases. We haven't seen yet the worst of the present economy that we have, I don't want it to happen but the situation is getting out of hand now. The latest testing of supposed to be the cure for corona virus shows lack of competence to the virus, and as for Japanese scientist it is very unlikely to find the cure not until next year  Undecided
2391  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: April 23, 2020, 05:06:08 PM
How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.


All exchange has minimum transaction amount, if you overcome this amount than you can trade. Minimum transaction amount is below 1 USD in all exchange. Start to trade means you are ready to learn market situation. If you have 100 USD, invest in 10 altcoins. For very low investment, don't take any top coin.
Before start trading I lose several times and last year my big losses was almost 500 USD.
$100 is huge enough for me to start trading, exchanges has a lower minimum limit than that so it means you can deposit it to any exchange anytime. If you are going to day trade, make sure that you already decided to lose that $100 in just a matter of an hour or a day especially when you are trading future contracts there is a possibility that you could lose that amount in just an hour. I advice to follow some guides in trading , any type of trading you want. You can find it most in youtube so you'll have visuals to follow through.
2392  Bitcoin / Bitcoin Discussion / Re: Americans are using Stimulus Checks to buy Bitcoin! on: April 23, 2020, 04:28:01 PM
As with always with these types of claims, the question is not whether it happens or not, but in what quantity. If 50-100 people or even a few thousands out of 328 million nation do this, is that really significant? It's like when some article says that "twitter is angry about something", and then it's actually just a couple of tweets from some nobodies.
I've been seeing a good market price right now for the bitcoin, I don't want to conclude that it was because of the stimulus checks that the american have received last week. But you are right, even if these checks are going to inject to the market it would just cause a small curve and that's it. I believe american that is investing in crypto is not spending their stimulus checks, most probably they are just spending what they kids want, the $500.

The problem here is that some less experienced people might start having unrealistic expectations about the market, they will start thinking that events like US stimulus can move Bitcoin's price significantly and predictablym which is really wrong.
Speculation these days compared to the past few years is different, the expectation towards the market is very high that even a single mistake will keep them away from the market.
2393  Bitcoin / Bitcoin Discussion / Re: Jack Dorsey Twitter CEO has only put Bitcoin in his twitter Bio!!! on: April 23, 2020, 03:36:33 PM
I guess we will see much more of these social platforms to support bitcoin especially that the halving is coming in the next few weeks, a great thing to see this day indeed. However, @Avikz is right a billionaire like him would likely to give the market more waves making the price movement a lot quicker that trading is going to be hard. I think the bullish market is taking off soon, I notice how the price change in just a couple of hour from $7K to $7.5K , quite a sign for what is coming.  Wink
2394  Bitcoin / Bitcoin Discussion / Re: What happend..... on: April 23, 2020, 02:59:18 PM
When I got into Bitcoin in 2013, this was the true new wild west so to speak. So what happend in the last 5-6 years?

It got more popular. Prices increased.
True  Grin

As the money in anything grows, it becomes more visible and more of a concern to governments and regulatory authorities. If a thing is small in dollar terms, then it is inconsequential to a government, and is ignored. When it gets bigger, and particularly when it impacts other people and other businesses, then the authorities step in. Crypto has a lot of rock-solid use-cases. It will continue to get bigger, continue to move towards the mainstream, and continue on the path to regulation and integration into 'normal' society.
Crypto becoming bigger than anyone have thought is the reason why government is calling it a "threat" to their standardized set of terms financially. We have seen economists calling it a bubble, and government tend to ban it. But now? I see establishments and businesses growing with cryptocurrency, they are having a wide variety of payment options which people most love when buying, and the best is that government is considering it now to be an alternative for fiat currency and is having the idea of Digital Central Bank Currency.

If I have a couple of chickens in my garden and set up a stall in front of my house selling 6 eggs a week for $1, then the government couldn't care less that I'm making $1 profit and paying zero tax on it. If I scale up and have 10,000 chickens, build a shop in front of my house and start employing staff to sell the eggs, then the authorities take an interest. Same with anything.
Pretty clever analogy, it only means that government is only looking with the same level as their eyes, they are not looking down and taking crap.
2395  Bitcoin / Bitcoin Discussion / Re: What if "35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP" sold its bitcoin balance. on: April 23, 2020, 02:17:22 PM
Well, it seems you've tracked huobi's coldwallet
 https://bitinfocharts.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP

Huobi is an exchange, this is their wallet. The funds funding that address do not belong to the person that has access to it's private key, but to the customers of the exchange.
This is a prime example why you should not keep your funds in an exchange wallet. If the private key holder goes scam, or gets robbed, hundreds, maybe thousands of people will lose their funds.
This is an exchange wallet, the funds that you have seen might be enormous in your eye but it comes from various person who has their funds in the exchange. Notice how the huge the amount is that is being composed by many person, I agree if Huobi gets hacked then this will be stolen since it is stored in a single wallet. Better to keep it to yourself at the end of the day, don't let it sleep with the exchange overnight.
2396  Economy / Economics / Re: Collapse of crude oil prices on: April 21, 2020, 05:32:02 PM
Everyone now is asking how to buy some oil barrels lol.
Production >> demand, no place to store it as it is barely full, long term contracts are getting hard to be signed and the producers are paying you to do this. That's a nightmare for them!
lol yeah, I've seen some folks talking about where they can buy stock of oil as if there is a person who sells for free The oil price crash is not what it really looks like, the price did crash because there were no demands so as you guys can see there is a massive price dump from oil industry but it does not mean anything.
2397  Economy / Economics / Re: How many people have been panic selling? I didn't. on: April 21, 2020, 04:25:11 PM
I think that a lot of people are prone to panic attacks, but at the same time I do not think that this is the main reason for the fall in prices in a given period.
Rather, large players seeing that they can provoke a panic sale act in such a way that they would sell first, and then buy off the last.
to be honest, panic is a natural thing. when seeing the price of thousands of dollars decrease in less than 24 hours, it certainly makes many people think of selling their assets. so far, I still survive with this situation, it can even be said that the situation is getting better. to be honest, I still strongly believe that bitcoin price recovery can happen, so I'm not so freaked out about the price drop
I must agree, panic and fear is natural behavior of a human but being an entity in here, as one that affects the price must also know that panic and fear should be align in what the mind thinks what it could be about. Bitcoin may be strong now with so much price resistance we got from a great support of whales and decentralized network but we don't know until when it would look that way. We are seeing the world collapsing now, and even I am afraid what could happen next not just talking about the market and all that revolves in there.
2398  Bitcoin / Bitcoin Discussion / Re: Bitcoin is getting more adopted in my Country on: April 21, 2020, 01:29:41 PM
That is a good start for the adoption of your country, it only shows that it is not trying to restrict the use of it. In our country, we also have bitcoin ATM and was launched last 2019. It only shows that there are more countries that are willing to accept bitcoin and hopefully it continues more.
As the day continues and progress I've been seeing a lot of ATM machines related posts in the forum making me think how far we have reach through innovation that we have been dealing with sine 2009 that boomed at 2017. And at that year is the real game changer for cryptocurrency is, Imagine if we did not reach ATH at $20K price, we could've not had any companies that recognized bitcoin or any crypto at all. During this pandemic, even the bitcoin price is lower than we have expected about months ago, the adoption increases in so many ways and it makes me glad.
2399  Bitcoin / Bitcoin Discussion / Re: Ransomware is back - Top tier IT company is attacked on: April 20, 2020, 04:01:09 PM
Well it is really disheartening that proves that, no system is perfect nor fully secured. I'm quite afraid that news like this will affect the views of the mass towards technology making them think that it is not safe from anything in here. But I've read that "MAZE", cognizant's prime suspect for the ransomware hasn't saying anything or discussing any thing with them, In fact they denied that the attack was made by them, looks like it will be a good battle from both ends.
2400  Economy / Economics / Re: China’s economy is contracting and this is not good for the global economy. on: April 20, 2020, 03:32:05 PM
... Furthermore what do you’ll think that China should do at this stage to arrest this fall, and most importantly do you’ll believe that they’ll be able to repair their economy?...

I believe that you needlessly worry about the Chinese economy) The country has almost won the coronavirus pandemic. And its industry will soon be operating at full capacity. And given that other countries still have a long way to go before the end of the pandemic, China will now become the main supplier of industrial goods to all countries of the world.
Have you not wondering why China easily handled the virus? I mean the suspicion is quite strong with a pretty basic logic of thinking and we already have many of threads talking about theories with the pandemic. We've known China for a long time, their economic progress is really noticeable as the world goes on that even USA is a bit shaken with the China's industrialization taking a hard bang on the spot. It's good to know that China recovering, I hope they'll find the cure for the pandemic as quickly as possible.
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