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2581  Bitcoin / Bitcoin Discussion / Re: Personal Opinion: Only a matter of time until Bitcoin will surprise us again on: March 03, 2020, 09:46:06 AM
Yes, Bitcoin can always surprise us both in positive or negative way but after 8 years dealing with Bitcoin I can't be so easily surprised anymore.
Same here mate, I'm not gonna get surprised if anything happens with bitcoin either negative or positive since it is  on the large bright spotlight now dealing with some big entities. After a couple of years with bitcoin I got all the good of it especially on year 2017 and seems like I'm ready to accept with any negative that will happen with it.

So, the recent correction wasn't a surprise for me, it was kind of expected but on the other hand I don't think that will last for long and that price will go down further.
Price will recover, that is for sure, however I don't expect some huge price jump.
As 2020 enters to our life, there are many unexpected things to happen like USA vs IRAN ( The conflict between them isn't surprising, what surprised me is the high profiled attack ) and corona virus disease. I remember how optimistic the people are on november last year  and turns out to be a hard challenge for the market when it finally went through haha. What I expected to happen next with the bitcoin market is a flat none.
2582  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Not An Organization on: March 02, 2020, 05:28:26 PM
NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

The right words are 'Bitcoin is a protocol'
Definitely.

It can't be an Organization because is decentralised. Once I say bitcoin is like the state powers (a legislature, an executive, and a judiciary), it's divided by Developers, Miners, and Users, And to take a decision all of them must agree.
But somehow it does make sense to me that Bitcoin is an organization ( don't take literally ) since our common denominator here is the bitcoin in general, just like being in an organization where there is a clear goal of one's individual (Satoshi Nakamoto) to make a difference and so us joined him by supporting his product. It is just like Satoshi the creator is the founder of this and we are all just members, and whales are the admins  Grin I'm open for further opinions.
2583  Economy / Economics / Re: How regulation affects the crypto price on: March 02, 2020, 04:23:40 PM
of course if regulations on crypto currencies are set we will head for a better day, scammers must be handled and new projects must go through strict regulations, bearing in mind that many of the new tokens or coins are currently just rubbish
Government will apply their regulation to the current crypto projects and new projects will need to approve before they proceed to it. It will help a lot for those customers that want to secure their investment. It will easier for them to track if someone will scam them. Countries like mine have not specific regulation about bitcoin, I think they're need to study more about cryto before they make a regulation about it. It will gain more attention to the people if they make regulation about crypto because they know that they government will help them to track if they got scam.
But this will be just an added project cost to the project so most likely they will end up pushing higher soft capitalization. Although it will help to secure the investment of the investors there is still a risk with these such as high competition. If we have physical regulation control by the government then all of us will be entitled to start and begin a project. Big countries like USA and China are subjective on this kind of matter. Russia on the other hand started its tokenization process for their investors.
2584  Bitcoin / Bitcoin Discussion / Re: [Funny] Warren Buffett launching Button Coin on: March 02, 2020, 03:28:31 PM
I idolize him because of his success as an investor having a total net worth of $90 billion and fourth wealthiest person in the world. What I don't like about him is that he always manipulate other's mind to gain and attain his personal interest. Warren Buffet is not an idiot to not to see the value of bitcoin in todays world after jumping $1billion market cap, can't he contain this very obvious opportunity? Do you really think he can't?

“I’ll tear off a button here. What I’ll have here is a little token…I’ll offer it to you for $1000, and I’ll see if I can get the price up to $2000 by the end of the day… But the button has one use and it’s very limited use,”

If this line by Warren Buffet made you think, then read it again and think twice.
2585  Economy / Economics / Re: You will be able, slowly, to pay one bitcoin for 25000 pizza. Any other opinion? on: March 02, 2020, 01:58:36 PM
Translating bitcoins into pizza is a bit silly, because everyone lives in different countries, and pizza prices can fluctuate very much, even if we take standard pepperoni or margarita as a reference. Not to mention the fact that their content or weight may also vary.

But PIZZA is a STANDARD VALUE for us (32cm MARGARITA). It means ~the same at every countries, I think.
I try to compare Bitcoin to a STANDARD VALUE. Maybe MILK would be better Smiley , but PIZZA has already an event in the history of Bitcoin, so I compare it to PIZZA.
So Pizza is the standard value on you guys? when did it become ? I'm sure for western countries this is a thing but how about us for other the part? haha lol. But I agree pizza are being valued to bitcoin since there are old guys who used to compare it and the other just followed. Plus pizza is shaped like a pie ( pie chart ) should we call it the pizza chart then? I like the depiction of the price tho very clever and easy to remember  Grin
2586  Bitcoin / Bitcoin Discussion / Re: Protect your cryptocurrency, only means, protect your account. on: March 02, 2020, 11:38:17 AM
1. Don't store all of your coins at the exchanges but use a hardware wallet or paper wallet.
there are many cases where exchanges tends to eat your crypto balance, I've read some complaints about it. I have a balance on my exchange account for like a year now, surprisingly it is still there  Grin I guess they are not into less $5 balances lol.
3. You can use a different computer or laptop to browse the internet, and don't use the same computer or mobile phone with the 2FA or authy or wallet inside the computer or mobile phone.
This is too much for me, I mean who why do you an another set of devices when you can just use the same as what you are using. There are many ways to be secured browsing the internet like knowing the sites security, download from safe sources etc.

6. Pray that you will be safe when you want to do something.
I've been on this in a while now and I still get mini heart attacks whenever I do something with my funds like withdrawing or depositing haha, I guess it is not only me though?
2587  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Klaytn ( kakaotalk) project on: March 01, 2020, 05:57:56 PM
Klaytn is not too much talked about in this project and whatever is wrong, or maybe the KakaoTalk application is not popular in some big countries like Facebook. But Klaytn in my country is busy about the airdrop campaign with Upbit exchange because they give a big reward for an airdrop. When first entering the exchange, their prices are also strong and continue to rise.
I'm on your side, I haven't read much about this project before until I open this thread. Although it is launched on early 2010, I was not able to use it due to  the fact that there is their competitor who is more known to public. I even not heard about the airdrop of it, maybe I was far enough on this one. KLAY's price isn't bad at all though, it is just moving on its shortest possible range form $0.187 to $0.185 quite impressive for me though. I hope some message service providor also see this opportunity as what Kakaotalk have seen before.
2588  Bitcoin / Bitcoin Discussion / Re: Can bitcoin halving make cryptocurrencies reach all time high again? on: March 01, 2020, 05:23:59 PM
There is a possibility for crypto to reach a new all-time high since the previous bitcoin halving gives positive outcomes to every cryptocurrency in the market but we should not expect too much. There are still some chances that the opposite of what we have experienced before will be the final result.

I don't really mind what this year's halving could do with the prices but as for the past halving patterns most likely if this is the third then 33% of chances will be similar from the previous ones. Expectations are high this year as this is the year after bitcoin reached its all time high last 2017, actually this is the most anticipated year as bitcoin's price are expected to exceed its ATH. If there is massive pump that is coming to the crypto space then it will give a vey huge impact to the real world and will help a fast growing mass adoption.
2589  Economy / Economics / Re: In the past where taxes were honoured ~ on: March 01, 2020, 04:48:25 PM
The government will spend $12b on roads, schools, healthcare, this government will an extra $xxx billions in this an that. It's the news we all read every day, but the truth is that it's not their money, it's the money from the people who pay taxes and bills, it's our money.
What they do with all that money, they take half for them and the other half is for all others. The tax system was never fair, the rich are getting richer since ever. We can just hope that crypto can change that, we are all equal and some things should be equal for all!
I don't agree with this as I never know what happens inside the government but somehow it does make sense to me. I've been living for more than 2 decades and the roads are still what it is as when I was a child, no progress no new and makes me wonder where did a lot of money go? Maybe the tax system is never fair or we are just focusing on what is near to us and do not think of the other places and what does it cost for society projects. Billions are effective and billions are on waste, agree?
2590  Economy / Economics / Re: I have Good news for bitcoiners on: March 01, 2020, 04:13:08 PM
Suppose that money is moving from gold, the stock market or any of the traditional investments to Bitcoin. Do you know how much money is needed to take the price to 300,000? When will this happen? What are the analyzes on which it was based? Can you provide us with any numbers? Especially when you are talking about market analysis.

With a quick analysis, Bitcoin will not reach 300,000 soon
Haha the price given wasn't analyzed at all but is just an assumption, actual craziness from bitcoin fan indeed. Reading the OP is just reading a newbie's prediction for the bitcoin price. $300,000? really? there is billions of dollars in the capital market of bitcoin now, that is almost 2000% of the current price right now which is unattainable. This is simply not an analysis, cause if this is there should be basis relying on patterns and facts.
2591  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin is used in direct value. on: March 01, 2020, 11:35:11 AM
Many merchants, especially big companies, don't want to accept Bitcoin directly for many reasons like volatility, security, implementation costs, they prefer to outsource it to middlemen. It would be hard to convince them to accept Bitcoin directly, they would probably rather not support it at all. What we should focus on is convincing smaller businesses to abandon their middlemen, because its easier for them to do so.
Hell yeah, and these middle are being stuck on accepting or not accepting the bitcoin on which they are under pressure by these big companies. The very reason why most of the companies are not really into bitcoin directly is because of the volatility, not because it is not secured, of course it is secured due to blockchain tech. Volatility are very risky for these big companies to handle, on top of the market uncertainty and enters the question " Until when it is in demand?", it is hard to assume nor to predict.
2592  Economy / Economics / Re: My economy Predicrions are true!! Gold is trash on: February 29, 2020, 03:58:19 PM
It fell, so what? That would be the same for other investments. Bitcoin for example did fell this week, stocks fell this month, nothing is stranger with falling prices. Gold for you might be trash but it is used for a lot of things nowadays so it might not fall right now but not for long. Bitcoin fell harder, and still it is normal.
Well unlike bitcoin, gold is tangible and can be hoard for a very long time like what China and Russia are doing to fight America. Gold has been the safe haven from the very beginning but the society is changing and so the utility. Bitcoin on the other hand offers a lot of efficiency in terms of finance and transparency while gold stays a precious fashion statement, status statement and lessening economic class. Bitcoin fell this week but it already built the foundation not beyond $8000.
2593  Economy / Trading Discussion / Re: Bull and bear market. on: February 29, 2020, 02:55:16 PM
If you know how to deal with every market situation, both bear and the bullish market will be profitable for you. Taking advantage of every situation will be an opportunity to earn especially if you're applying the basic strategy which is to buy low and to sell high. However, it's hard to recognize whether it's bull or bear so you have to be more observant and continue to learn how to deal with the market flow.
Yes, both situation either bullish or bear is profitable however the chances during bear market are slim even you try to observe and predict the movement hard. As for the basic strategy with the buy low and sell high is not that effective when it is bear market, so tendency would be your capital will be stucked and might not used to emergency situation unless you decide to let go of your loss. The best strategy for the market is the long term holding, or whenever the coin doubled its value.
2594  Economy / Economics / Re: Dow Jones Price Drop & The Corona Virus? on: February 29, 2020, 02:23:06 PM
Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.

And yet after almost a month now, it is still the same FUD about the virus.
FUDs like this is a crap. Things like this really affects the virtual world because virtual world is running under human. The world health is at expense right now, total cases already raised to near 100,000 and have caused nearly 3000 deaths. It does really affects the economy especially in China, we haven't seen the effects yet but we'll be able to see it in the long run.

Currently we have seen traditional market and bitcoin itself plummeting to -3%--5% because of the scare.
But I don't know if this is intentional or who are the bad entities behind the said FUD. Yes, it really amazes us how an epidemic can be used as a tool to create a lot of fear amongst investors.
I'm not saying that this is because of corona virus, the virus started spreading in late 2019 until now, bitcoin's price reached $10K so there is no reason to tell that it is because of the corona virus. But seeing the rising toll of cases is somehow affecting the virtual world. We will not know if the owner of such address died due to the virus. Huh
2595  Economy / Speculation / Re: Bitcoin hitting its steady price? on: February 28, 2020, 04:40:35 PM
Volatility will remain for the next several years. Relative to fiat currency exchange rates against each other, Bitcoin has a low percentage variance so far, but in absolute amounts has not been very stable, at least $100 USD up and down every day.
Or maybe volatility will remain forever. I cannot see the price of bitcoin in any way that would be steady even in full capped. The price may move in a short or long range of value but it will never be on same place where it was yesterday, there will be a movement for sure every time. I thought this time wil be the trigger to pump the bitcoin again in $20000 , I thought hitting $10K will be the start, too unfortunate for my stacked.

We may see steady price in maybe the next decade or two, as mined coins will be close to 99% then. The last 1% will take a hundred years.
Imagine if all btc was mined and still volatility rate is at high haha, it will be very playable game to join to right? I wish whales that time will become playful and merciful.
2596  Economy / Economics / Re: Bitcoin to Precious Metals Companies on: February 28, 2020, 03:10:57 PM
Why do not you consider the possibility of selling bitcoins for cash, as well as buying gold for this cash at a bank branch? Although you will lose some of the funds withdrawn from the cryptocurrency, and it is possible that the bank will charge a certain percentage of the sale, you will be much better protected than with such exchanges over the Internet.
The process on which instance that you proposed may look difficult for some cause it is a long process. I'm also thinking of the idea of bitcoin for gold and vice versa, but seems like there is no one who are courageous enough to handle such volatile like that. It is a never ending question I guess, which is which, bitcoin or gold isn't it? It is like the question of the decade. But I guess the answer will differ on the era you've lived on.
2597  Economy / Economics / Re: Is Bitcoin good for the economy? on: February 28, 2020, 02:11:35 PM
The height of bitcoin is at the bull run where a lot of fund flow into the economy especially from investors taking profit from the market. We could see a lot of cash inflow than outflow, at least money stays in the economy for the time. I remember the response of the media to the bullrun and spending in 2017/2018, Since the fund is flowing from selected few and purchasing capacity increased, there wont be the fear of inflation.
well of course, when the price of bitcoin goes up to be very expensive there will be a lot of media talking about it but I see that halving will happen this year will give a shock to the world, right now the price of bitcoin is falling very deep and after that the bull run will happen again and will shake world economy.
don't be very sure mate because remember this is the 3rd halving and things may happen beyond our expectations.because look what happened last 2 years when manipulation comes always the issue ,there is a pump happened last year when there is no expectation for that to happen and now from the start of the halving year we made good growth but dumped 2 months before the date given?if i were you?don't expect too much and just wait until the closest time comes or after the halving take effect.
I'm not that agree on you, Yes, although there is insignificance of comparing the past halving with the market status right now there is a very clear pattern that can be compared with the past halving occurrence. It did fall for the past 2 weeks but it does not mean that there will be nothing to expect for the next month, remember how low the price went back in 2019 more unlikely to reach again when nearing the halving time. You're right don't expect too much for the price, but expect the greatness it will bring when it spiked. Mass adoption is real mate.
2598  Economy / Trading Discussion / Re: Crypto Trade Managers on: February 27, 2020, 05:39:45 PM
Just do trading bots, if you're like wanting to have some "assistance" in your trading. I wouldn't hire any trade manager even if some people including my friends or even family told me that they're widely trusted. I just don't want to have some future conflicts in the strategies I have in mind, because it is my money as well as my own responsibility. I already incur a lot of losses in my  day trading back in the days and what more damages can be done if I get losses even if I hired a manager that would probably cost a bit much.
Very recommendable! Bots are pretty helpful in trading , Me personally helped this several times when I need to go out for special occassions, I just leave it there with my goals and settings on and then come back with my winnings on my wallet. I admire trading bots than Advisor or Manager although bots are inaccurate and so these people are. Aside bots will cost you 0 to a couple of bucks to have unlike what the managers cost and varies on their rate. Imagine having manager but still lose a trade lol, it's a double loss for you.

If you can do the work alone, do it. You can't just sit and win, you need to read tons of guide and examples to be able to not need anyone anymore.
2599  Economy / Gambling discussion / Re: Is gambling a threat or fun? on: February 27, 2020, 05:08:11 PM
Some people think that gambling is threat because they always lose everytime they gamble. And some think its for fun because they gamble only to enjoy and some they gamble to forget their problems. So there are 2 different people in gambling one think that gambling is threat the one is think gambling is for fun.
Gambling is not a threat and will never be a threat. People calling gambling as a financial threat is an idiot because gambling is a personal choice of yours, what threat must be is the greediness and broken mindset. Threat is far from risk, risking is having the potential to loss on which the gambling instance will fall onto. Gambling is fun yeah, but sometimes there are moment that fun isn't there at all, risking is fun but seeing it losing is not. Gambling is not for everyone, what is for everybody is just entertainment playing. As everyone says " Just roll what you are afford to lose", there's nothing of threat in that.
2600  Economy / Economics / Re: World economy would benefit if all crypto work together on: February 27, 2020, 11:50:48 AM
The thing is, we have no idea what we mean when "all crypto work together". There are coins with no ownership such as bitcoin and ethereum where it is totally decentralized and could not be played with at all, while some other ones like xrp or bch is actually very very centralized and could be controlled by some people. So when you want for example bitcoin to work with ripple, how could that be done?
Yeah, although I agreed that it will be beneficial if all crypto will work together to attain economy gain I'm still clueless on how and who will initiate it. Since different coins are running in either decentralized or centralized platform. Maybe the mass adoption is enough supported by many coins in the market and probably tokenization would really help. The regulation is what we are focusing as of now since there are some beefs with different country like U.S. and China, and there are pretty sure of political interest with many government.

Ripple at least has owners that can make decisions on the coin for example but bitcoin doesn't have a big owner at the top, how could there be some sort of working together there? Maybe xrp and bch can work together since they are both owned by some people and centralized, by bringing their powers together they could definitely make a huge impact on the crypto world.
I believe the XRP would impact greatly alone coz I'm very negative with Bitcoin Cash since the network is adjusting making a complex data that affects the every next transaction.
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