Latest posts of: DapanasFruit

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Bitcointalk username: DapanasFruit
Telegram username: @WayLamiBaho
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Bitcointalk username: DapanasFruit
Publication link WITH YOUR COMMENT: https://medium.com/@klevertom123/i-ma-looking-forward-to-the-rise-of-wif-token-as-it-fulfill-its-overarching-vision-goals-and-8465b8176808
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Current number of post (Including this one): 462
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Quote from: Gozie51 on July 03, 2021, 07:47:56 PM

Quote from: JohnBitCo on May 14, 2021, 08:36:31 AM

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

It is a general loss and not only the meme coins that hadthen. Even bitcoin that is the king still suffered losses why won't smaller projects record some losses too. Etheruem also had a share of it likewise others. Meanwhile, people always make good money from whichever direction price is. What matters is spotting the right direction.

The whole cryptocurrency market suffered many losses because of the big dip that we encountered but we know that with meme tokens they can have a hard time in recovering when the market has already reached the bottom. And it can be because these meme tokens really do not have strong, solid and viable use-cases - in other words, many of them are put up for the sake of getting the money for the developers and backers. This is the reason I don't ever invest in any meme token not unless I can be sure that it has a good potential for impressive growth.

I have not heard much about this Bitcoin ABC and this is my first time to know that they decided to change their name to eCash which is to me is a good move so they can grow without associating with Bitcoin, albeit just on the name. I believe that a strong project or one that intends to become should never be using the name of something else that is already popular. Bitcoin will remain the king for years and appropriating its name to me can mean that the project could not stand on its feet and could even be just another fake. Good luck and more power to eCash.

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Forum Username: DapanasFruit
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2878632
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This is actually my first time to hear about Pirate Chain and I must probably been living in a cave for the past few weeks to have not encountered any reading material published on this project. And based on the many comments here, I myself would say that this platform and the people it can be serious in developing the project and they are always in communication with the community it has built. As for me, knowing that the people manning the project can be real and if I can sense that they are really serious of what they are doing, then it can be worth supporting. And of course, I am wishing that the project stays on course.

When a big business like Binance is under the pressure coming from regulatory authorities, it will have no choice but to bend over and follow the rules. The same thing happened with Coinbase. The main thing is that if you are doing business, you need to comply otherwise there can be no other choice but to close shop. We are going into the era of regulations and of course many crypto enthusiast would not want it that way because they can be thinking that getting into crypto means avoiding the influence and big eye of the government. In other words, this can be a situation of "damned if you do" and "damn if you don't" and I know what the clear choice for Binance is going to be. And it is starting right now.

Quote from: davis196 on July 03, 2021, 06:28:17 AM

It's always better to get information about China from a Chinese.
I don't trust the crypto news websites,that are spreading FUD,rumors and gossips about China and the cryptocurrency miners located there.

Quote

Another important reason is the unprecedented chaos in China's cryptocurrency industry. I believe that if the Chinese people just invest in Bitcoin or Ethereum, the Chinese government will never prohibit the transaction of Bitcoin. Unlike the United States or Australia, many Chinese who invest in cryptocurrency don’t know what decentralization is, just blindly follow the trend to buy some unknown coins. Chinese investors lack the most basic understanding of the cryptocurrency industry, most people end up in bankruptcy. Only by restricting mining and restricting bank card transactions can China prevent these ordinary people who have been deceived by become parvenu from joining cryptocurrencies.

So the Chinese government wants to ban Bitcoin,because many Chinese are buying shitcoins and losing money?
That doesn't make any sense,why don't they just ban shitcoins and leave Bitcoin and ethereum.

I get the idea of banning crypto mining because of carbon neutrality,but there are many industries in China that are producing way more CO2,but the government won't ban them,because it will cause unemployment.

There you go...points raised well. Now, on carbon neutrality, why ban the whole thing when there are some miners that are really using cleanly-sourced energy? I think the Chinese government is just using any probable cause as a way to divert the attention of some to the real issue. Anyway, I actually do not care if China is not going to allow Bitcoin or any coins to be held by its people. And it is actually good thing for Bitcoin to have miners leave the country so no single FUD can be coming from China in the next few months. Are we not tired of this same stories again and again?

There is no need to look in any other platforms because here in this forum there are many new and old projects with the popular deflationary feature which has become like a marketing strategy so they can attract more supporters and investors. Just look at the bounties section there you can see many new start-ups with this feature and more. We should really note that just because a project is deflationary, it would not really mean anything in the long run.

In the past many years, I have had been hearing many famous personalities making their stakes in the "Bitcoin Predicting" business but most of them failed to happen. However, don't get me wrong as I myself is very much looking-forward to the big rise of Bitcoin maybe up to a million dollar in the next five years. Still, much as we would like Bitcoin to go jump higher, we have to deal with market realities.

Quote from: vv181 on July 02, 2021, 11:53:07 AM

The reason why gas fees rose up is because the network is congested by the demand of Ethereum operations. Meanwhile, if the demand is high, users are competing to get their transaction processed faster, consequently, they set a higher price to make the tx fast. And so does the vice-versa, if the demand is low, the fee isn't too pricey.

In other words, the more successful the network due to increasing volume of transactions, the more the fees can go high and this can be borne by the users. The users are the ones creating the demand and they gonna suffer for it because they are trusting Ethereum. Sadly, this is quite true not just in Ethereum but in Bitcoin as well when there is remarkable congestion. We are hoping that solid solutions can be introduced on this as this is not really sustainable. Hopefully, upgrades in Ethereum will slowly ease the fees down to acceptable levels.

I am not so sure what you really mean. You mean to say that a cryptocurrency that users can print as a proof that they own something? Now, will it also mean that the printed money can be used as a legal tender or just like a certificate? Anyway, we are always looking for innovations in this expanding and still young industry so you are welcome to explore your own ideas...and good luck!