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2661  Economy / Gambling discussion / Re: If btc > $150k, will you still gamble it? on: October 30, 2020, 04:28:27 AM
After so much positive speculation, optimism in markets, accumulation by institutional investors, too many analysts predicting a new ATH for btc, let's say if everything goes good and btc reaches extremely high price, will you still gamble it? Or will you 'be able' to gamble it? Won't the fees distract you from using it in gambling?

Take the poll and share your opinion.
I see no reason why someone would stop gambling because of the price rise. They would still be gambling but place bets in smaller amount corresponding to the new price. In fact i think more people would want to gamble even more because they now have extra profits from those price increase.
As for the fees, we can hope for it to go back to normal (with slight increase ) soon. The fees goes crazy everytime there is a sudden price change but eventually getting back to normal.
2662  Bitcoin / Bitcoin Discussion / Re: Follow your mind! on: October 30, 2020, 03:56:56 AM
I am not totally against taking loans for making investment. As long as the person taking the loan is capable of paying back ( if he wouldn't be able to do so, i doubt anyone would be willing to lend him any money. Even if someone does give out a huge amount without any collateral,  the lender is to be blamed for making such mistake), there is nothing wrong. I mean people take thousands of dollar as loan from banks to start a business. It's  not like the person is going to gamble with those money.
I agree with the rest of your points though.  People shouldn't get greedy and rely on peoples opinion.  People will always tend to be biased towards coins they have invested in no matter how shitty that coin is.
2663  Bitcoin / Bitcoin Discussion / Re: Do you think this is the start of mass adoption in Bitcoin? or Nah? on: October 29, 2020, 08:28:32 PM
For me it is surely the start of mass adoption since Paypal is a huge company.
They aren't the first one to do so. Steam used to accept bitcoin and other crypto currencies. Microsoft accepts bitcoin as a form of payment. Various other well known vendors are still accepting crypto currencies.
They could be the way to enlighten others to finally accept crypto too I hope next time banks would also follow it,
But using them to store Bitcoin also means centralization so it would contradict the main purpose of Bitcoin.
Encourage others to finally except crypto? As far as I know, you won't even be able to send crypto currencies to other users from your paypal. All you can do is buy sell and hold. But, yeah the good thing is at least you will be able to use it to buy from anywhere paypal is accepted. Banks are already following the steps. They are taking preparation to try out the new technology.
Along with centralization, you won't have access to your private keys. This means you actually don't own the coins!
2664  Alternate cryptocurrencies / Altcoin Discussion / Re: A letter to our dear developers on: October 29, 2020, 07:59:27 PM
Dear new developers

I've developed a habit against projects and exchanges today, if your project is not listed on top exchanges I'm not investing, aiming for top exchanges had some credibility to yourself and your dear project, even if I'm stupid binance exchange isn't stupid enough to list crappy tokens or coins, we work hard for our money so please work hard to get listed on top exchanges to confuse people like myself to invest on your project, I don't want to hear oh it too costly to list on top exchanges, if you can't make that happen they you shouldn't develop any crypto project.
 
Thank you
Just letting you know, being listed in top exchange doesn't automatically makes the project "legit" or makes it a really good investment. There are projects that I have heard ended up in good exchanges but eventually died or developers just dumped their tokens, scamming all their investors. Also, don't exchanges use user polls to list one coin/token? How hard is it going to be to win those polls by paying people and using bots?
oh and don't forget "Fake it till you make it!".
2665  Alternate cryptocurrencies / Altcoin Discussion / Re: I believe this is the way on: October 29, 2020, 07:24:06 PM
-snip-
Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.
Think about it
Lol, this is so easy to say. If this was really easy, you should be rich by now. Are you rich? There are flaws over here. Let us say you invested in a coin and then the price drops, never to reach the point of price when you first invested. You won't be making the profit. This is what happens.
Your case is true if you are willing to hold it for long term profit. But you will have to way for years to reach your goal and then wait again for the price to drop.
2666  Economy / Economics / Re: new central banks currenicies vs fiat currency? on: October 29, 2020, 07:50:26 AM
the goverments have plan to create their own cryptocurrenicies, so the btc and eth was just testing currencies to see how it works and get people to use with cryptocurrenies?
first whats wrong with fiat currency? the cash is works good nothing wrong with this.
Yeah, nothing is wrong with fiat currency. We just have to believe that a piece of paper that was printed has a value. We also have to believe that there is nothing wrong with being able to print as much money as the government want. We also have to be okay with the government destroying the whole currency value in the process of controlling the currency.
second how they are going to control how much to issue the currency and how the value will be backed?
and by who the transparanscy is guranteed?
If it is going to be a centralized crypto currency, then the government can pretty much control everything, starting from supply to the price. Transparency? I doubt we will see any transparency when it comes to government owned crypto currency. We will have a limited access to the chain information.
2667  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a new investment on: October 29, 2020, 07:34:52 AM
I believe Bitcoin is able to restore the economy, seeing that it is performing very well compared to other investments. In fact, I have proven
myself that Bitcoin can be used as a new source of income in a pandemic situation like now. I bought Bitcoin when the price dropped below
$ 8000, and it did recover quickly, now it is at $ 13,100. In just a few months I invested in Bitcoin and managed to generate huge profits.
So I quite agree that Bitcoin is the best investment for making money right now.
Why do people keep on saying it will help to restore the economy? Well, how is it going to help? Or are you saying that "you" making some profit by investing in it helps the economy to grow? Not really. Just making profits from investing in bitcoin won't stimulate the economy to rise. For sustainable growth, we need productivity. If you are making all the profit, but not utilizing it to increase production of goods or anything, nothing will happen to the economy.
And don't forget, the price of crypto currencies don't always rise steadily. There is volatility.
2668  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins that go up and down fast? (I'm a noob) on: October 28, 2020, 07:16:24 PM
Hey guys, I hope that you are having an amazing day. I made a post about trading and after a bit of research I think that I'll go with altcoins. I was wondering if you know some altcoins that tend to go up and down fast. I have seen FOXT for example, but there's not a market for that. Also, if they can be in known exchanges like Binance it'll be way better.

Thank you so much in advance!
Never heard of FOXT. Looks like a scam coin (and maybe you are promoting it? Dunno  Roll Eyes). Since you are new over here, I would say don't ask for people which coins to invest in. People will always tend to be biased towards coins they use or invested in even if its a shitty scam coin. You will be investing, it is your responsibility to find out which coins might be good for investment.
Don't go for those coins that go "up and down fast". Those are shit coins getting pumped and dumped. You will end up losing everything if you invest in those coins!
2669  Economy / Gambling discussion / Re: Does Bitcoin price rise affect your gameplay? on: October 28, 2020, 07:13:39 PM
Not a gambler myself, but it should affect peoples gameplay. If the price of bitcoin doubles, people would not be betting the same amount of coins. They would rather prefer betting smaller amount, which might make them feel like they are placing "low" bets, but in fact they aren't.
Again, there are people who might want to hold into their coins and not gamble when they start seeing the price of bitcoin rising steadily since it is going to be a risk free way for them to get some profits from their coins. And then there are people who starts betting more since they have "extra" money from those price rise.
2670  Alternate cryptocurrencies / Altcoin Discussion / Re: Questions for our dear project promoters on: October 28, 2020, 07:05:05 PM
Are you sure all those projects that becomes successful but aren't paying some of their bounty program participants because they broke their rules? I have seen a lot of people complaining they didn't get paid, but their bounty manager keeps on saying they didn't follow the rules. If they don't follow the rules, they don't deserve to get paid.
Also, I have seen people complaining because the value of the token dropped before they received their rewards. Well, if that is the case, you didn't get scammed since you already received the promised amount of token. You just promoted a shitty project and got paid with shitty tokens.
Why do people even join those bounty programs. The amount of time they spend promoting those projects aren't worth it at all!
2671  Economy / Economics / Re: The pandemic did push the world towards a more digital age. on: October 28, 2020, 02:19:27 PM
The e-commerce boom is just a trend,which was forced by the pandemic,but when the pandemic is over,that trend will also die slowly.
I'm not a big fan of e-commerce and I never was.I've never bought anything online and I probably never will.
Amazon,eBay and Walmart don't ship products to my country and Alibaba,DHgate,Wish,Banggood and all the Chinese e-commerce websites usually sell low quality products.
Being more "digital" than before has pros and cons. Everybody is so hyped up about the pros, but the cons will have an impact on our lives too.
The e-commerce boom is not just a trend. Before the pandemic almost one fourth of world population relied on making online purchases. I doubt when the pandemic is over the trend will die. It is hard to believe that you never depended on online purchasing. Either you are from a country where e-commerce isn't a thing and online technologies are underdeveloped or you just created a hate for online deliveries because of some bad experience. Just letting you know, e-commerce/online purchasing does not only mean buying things from Amazon or email, it also includes getting groceries delivered, ordering food or paying for anything.

Being more "digital" than before has pros and cons. Everybody is so hyped up about the pros, but the cons will have an impact on our lives too.
What hype are you talking about? The pros weigh much more than cons.
2672  Bitcoin / Bitcoin Discussion / Re: Will bitcoin transaction fees be too high in the future? on: October 28, 2020, 12:51:36 PM
I think all wallets have a fee for bitcoin transactions with the same amount, depending on if the price of bitcoin in the future is getting more expensive, it is possible that the fee will be too expensive because for each transaction we have to pay a fee of 0.0005 btc, currently the price of btc is equivalent to $ 13,000 maybe a fee we have to pay about $ 1 more, in the future if the bitcoin price goes higher the nominal will also increase but the payment fee remains 0.0005 btc for each transaction. However, it also depends on the market whether they will reduce the fee for each transaction or on the contrary increase the fee to be more expensive.
Not really. All wallets don't have the same "fee". They do set a reasonable transaction fee based on current bitcoin network load. You can always change (almost all wallets allow you to set your own fee.) the fee according to your own preference. You don't want to pay high fees? Lower the fee amount and wait for few hours. You want quick confirmation? Pay higher fee and get all your transaction confirmed in average of 10 minutes. You don't always pay 0.0005 BTC per transaction. Fees aren't calculated based on "per transaction".
Even if the price of bitcoin goes higher, it doesn't mean you will have to pay higher fee. The fee also depends on the mempool. Low network load means you will likely pay lower fees.
2673  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC PUMP, But Every other Coin Dumping!! on: October 28, 2020, 07:31:38 AM
It is normal for Bitcoin to suddenly pump, then the altcoins dump. Because many investors are moving their altcoins into Bitcoin.
After the Bitcoin price stabilizes, it will slowly start to rise in the altcoins price. So my advice is not to panic if you see the altcoins
dump price when the Bitcoin is pumped, stay patient and hold the altcoins that we have, I am sure it will not take long for the altcoins
to go up in price again.

So you are suggesting people to keep on holding their altcoins (specially the shitty ones) while the price keeps on dropping where as the price of bitcoin keeps on rising? Wouldn't they be losing opportunities by holding their altcoins that are losing values? They can always dump their altcoins and then invest in bitcoin. We have always seen that when the price of bitcoin starts rising, altcoins price drops. Once bitcoin price becomes stable, altcoins starts to recover and then rise. So isn't it better to dump your altcoins, invest in bitcoin, make profit and then buy back whatever altcoins you have sold for cheaper price and make more profit when it recovers?
2674  Alternate cryptocurrencies / Altcoin Discussion / Re: PayPal might issue its own cryptocurrency soon, says CoinShares exec on: October 28, 2020, 07:16:55 AM
Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec.

https://cointelegraph.com/news/paypal-might-issue-its-own-cryptocurrency-soon-says-coinshares-exec
The article says that they are going to  make a digital currency similar to digital dollar. I doubt it is going to be anything like crypto currencies. Probably some blockchain based (completely centralized) currency, but not a crypto currency.
Even if they do make a crypto currency, highly likely it is going to be something like a stable coin whose value is pegged to the value of fiat US or any other currency they deem fit. Though this sucks that you can't transfer (or probably receive) bitcoins to your wallet, but at least you can make purchases using your bitcoin from any merchant that accepts bitcoin.
2675  Alternate cryptocurrencies / Altcoin Discussion / Re: AUDIO massive pump after surprise Binance support on: October 28, 2020, 07:10:27 AM
Never heard of AUDIO. And just because Binance is supporting a coin by listing them doesn't mean that coin is good or anything. Even after getting listed the developers might decide to dump their coins after a hype has been created and people started investing in it. Looks like the price of AUDIO is already down by 18%. I wonder why...
And as far as I know, there are community voted coins that get listed. It isn't that hard to convince people (and bots) to vote for their shit coins.
Just want to say, don't fall for these massive "pumps". You might end up regretting.
2676  Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today? on: October 27, 2020, 09:37:53 PM
Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret  in save location, these will help in recovering the wallet.
Yeah, it is going to be lost forever. It won't move from your wallet at all. Isn't this what is supposed to happen? Your keys, you own the coins. No one else owns it even after your death!

Literally bitcoin details remain secret and personal to me. If I continue to keep my details secret of what use would it be to me when I’m no more and my love ones can’t benefit from my bitcoin? Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?
If you want your "love" ones to have access to your wallet after your death, you will have to share all the details with them. As long as you trust them, I don't see any harm in sharing everything with them. And I think there are some third party services that might be able to do this for you. After your death, they will be able to pass your keys to your loved ones. But in this case, you will either have to use their centralized wallet or share your keys with them which again brings the problem of trust, centralization and "Not your keys, not your coins".
2677  Alternate cryptocurrencies / Altcoin Discussion / Re: Half bread is better than none on: October 27, 2020, 07:09:07 PM
Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
That is nothing new. Everyone knows the risks involved with altcoin. In fact people also know the risks associated with altcoins but yet they still invest in those to make some quick profit. Some people takes advantage of those pumping of shit coins, takes their profit and then leaves. Others fail to do so and loses everything.
The reason you haven't heard of those "good" altcoins is because they are along with their hype probably dead by now (hence like ghosts).
2678  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Altcoin on: October 27, 2020, 07:34:44 AM
Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin.
We have seen this before. When bitcoin price starts to rise, the prices of altcoin (specially those lesser known altcoins) starts to drop in price. This is because people starts dumping their altcoins and invest everything in bitcoin. Hence, the price of altcoin starts to dump down and that of bitcoin starts to go higher. When the price of bitcoin stables down, people starts to buy back their altcoins they have sold. Hence, we see a slow but a steady rise of the price of altcoins.
I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?
Yeah, altcoins might give you better profit, but they are MORE risky to hold.
2679  Alternate cryptocurrencies / Altcoin Discussion / Re: Defi project like game pump and dump on: October 27, 2020, 07:29:32 AM
If not all, most of them are just pump and dump scheme. Look at how many projects popped up based on DeFi. Even dead projects revived themselves by just adding the term "DeFi". People are falling for the hype and investing without even giving a second thought. Give it few more months and watch all those projects die just like ICOs. People joined the ICO hype train. Those who left early, made all the profit, while others lost everything. I have a strong feeling, the DeFi hype is going to end in the same way.
What do you think of defi projects, most of them are only good for the short term.To make a big profit, we must enter at the right moment, if we are wrong we will lose very deeply.
That is correct. Most of the project will fail! Take your profit and exit as soon as possible.
2680  Alternate cryptocurrencies / Altcoin Discussion / Re: This will make any positive impact in crypto space? on: October 24, 2020, 04:11:11 PM
Elvira Nabiullina, head of Russia's central bank, today said that a pilot version of a digital ruble could be ready by 2021. A Russian CBDC would “make payments faster, simpler and safer,” the country’s central bank also said in a report. Here is the source: https://www.youtube.com/watch?v=J2mmajgIYPA



Digital ruble system as in just cashless fiat system? Or will it be a centralized crypto currency? I have been hearing for years about Russia and some other countries saying that they will be making their own version of crypto currencies the next year (or very soon) but never saw any of the country achieve this. But does not really matter to be honest. I mean its a centralized currency currently that will be under the governments control. I doubt it is going to make things "faster and simpler". It is going to have the same speed as those regular digital wallets like Paypal or cashapp.
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