Implementing the blockchain technology for the data storage can prevent the data loss in future incidents but it should not be given out of the company because the details may contain sensitive data which any gambler never wants to share with anyone. So if FJ managed to keep the nodes by themselves then it would be a great adoption for sure.
Considering in the blockchain world you do not give the data itself but more like give bits and pieces of the data, I do not think that any one computer would have the whole data and that is why it is unlikely that there would be a hack. Certainly node would work as well and that node should be earning money instead of losing money for data for that company, but I do not know why would anyone buy that coin in that case, in the long run I still think that p2p systems for storage will become more common, losing every single data you have with just one fire doesn't make any sense in 2021, we should be doing a lot better than that and figure out a way to spread the data with safety to whole world in order to make it safe. I know there are companies that does this, but I just do not know how easy or difficult it is, hopefully it gets easier and more common in the future.
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This period showed us that data could be stored on p2p systems and would be a lot more secure, since it is bits and pieces I do not think that it would be stolen neither but of course more detailed work needs to be done to see how viable it is. Look what happened with datacenter here, there are games that lost every single data they have, we are lucky that fortunejack wasn't gone but we couldn't even blame them if it was lost, Rust literally lost all the information regarding players, everyone has to start over again, or that was at least what I read about the situation.
If we could put blockchain technology into place, and if companies pay these storage places money that they would normally pay, that money could be used to pay people to keep information on their computers. Think about it like there is Storagecoin and companies buy that storage coin and pay people for storing their data. Similar stuff exists but companies still do not use it, there must be a way to make that more viable and used.
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Hard to find a market for platinum and street value isn't really known in my country but gold and silver are some of the big ones in my country. I think that this is an opportunity to buy gold now that its bull run is over the prices is slumping back, the prices will definitely go up someday and I think that anyone who passes the opportunity to buy one now is a fool.
It is not hard to find considering there are two ways to go for it, one is you do not buy platinum like directly at the streets, you go to exchanges and find an exchange that allows you to own platinum on paper, of course you will not physically own it, you will just have it on some computer screen. Most nations have that kind of asset exchanges here and there, banks do have that too, just look for places that does it, and when the price increases you can sell it on the same exchange as well. Secondly you could actually go and buy some, which would be not a smart move if you ask me, there is no need to hold it, none of us actually hold bitcoin in our hands neither, so it is really a bad move but you CAN do it if you want to. However after all that said and done, I do prefer gold as well, gold is something you can use anywhere in the whole world and has a good value and very easy to cash out.
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I believe these are huge companies who do not need the money that quickly, and that is the point of their situation, if they do not need the money right away, they can buy and hold and wait for it to increase as well. By logic everyone knows that bitcoin should go up in the long term, maybe it will crash to 10k tomorrow and for 5 years it will never go beyond 50k, but even in that doomsday scenario (which I think won't happen) that still says that after 5 years you are going to profit. Look at people who bought at 20k during 2017 peak, that is about 3 years before today and right now those people made 2.5x return from it.
How many people have made 2.5x return in 3 years? Many people even lost money during the same period, I think if you look at even the smartest investors in the world, people like Warren Buffett made like 10-20% returns a year, so making 2.5x is amazing.
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It seems Mastercard does not want to be late to integrating their system to blockchain. As their competitor did, Mastercard wants to be a bridge for their customer to buy crypto or use crypto as the other payment systems. Yes, it can attract many merchants and businesses to be curious about that and try to use it for their business.
MasterCard itself has many members who use for their payment systems, and if half of their members can use crypto or bitcoin or altcoins or stable coins, that will give fresh air to crypto and the mass adoption will happen and reach more people.
Half is a very optimistic approach, nobody really does anything to please the half of their customer base because if there is anything that is even remotely close to 10% they would already do it, nothing would wait as high as half of the customers because it will be already done by that point. I believe even 1% of all mastercard deals to be done via crypto, and not really have a certain on-chain change but more about off-chain change, so mastercard who holds all the crypto, and just change the ownership of that crypto on paper but not on chain right away, could turn crypto into something that could be used all around the world, for very cheap and you will not be charged a lot of money until you decide to withdraw your crypto, and this would remove all the "bitcoin and ethereum has high transaction fee and very slow" problem as well which is a great news.
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"You will own nothing and you will be happy." This is what they are planning for your future. But somebody out there will own something. Why not that person is me but them? Fuck that. This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them. We go full Slavery in 2030. Think well about your options to prevent this from happening. I do not think that we will go "full slavery" because we are already sort of in that slavery situation as we are right now. Sure I understand that slavery is a very serious thing and we are way beyond that now compared to what people had back in the day, we are talking about killing your slave if you want to and have no problems at all from law, or you could buy and sell slaves if you want to, whip them beat them or even if you go back 2000 years ago (maybe sooner too) you could make them fight to each other to the death and have fun with it. I know that we are not in that situation anymore, we are much much much better than that right now, but could you say that there is zero slavery right now in the world? How about all the people who needs to work in order to not starve to death? They are forced to work for a boss in order to stay alive, how about sweatshops that take advantage of these people and only give them food and that's it? And in return get 16 hours of work from them? Slavery is very much alive, just changed its shape.
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I wasn't trained at all, but I was training at the time, so it wasn't really fully unaware of everything, but it wasn't fully trained yet neither, it was still in process. I had someone who thought me about indicators and what they mean, and told me to check for certain things, I did checked for those things and did my first trades that way, which allowed me to be not completely blind to what is going on in the market as well. My first trades weren't that bad, it wasn't really huge profitable ones, and some of them became bags while some of them became good profits. However my first ever trade was very very funny, I didn't know anything at first and that person showed me couple things, and I reverse the things I learned, so when something should go down I thought it would go up and bought it and told him and he said I got it reverse, that thing dropped right away . So, I knew what I was using but took it 180 degrees reverse instead.
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
You can get like two to five percent daily and going by that you will be having not less than thirty percent by the end of the month. But, you will have to know how to and also make use of the right tool, like the stop loss tool, which can be very helpful if you are to use it the right way. It’s not just about getting tools to make use of, you also need to understand how those tools works because if you don’t understand how the tools works you’re not going to be able to use the right way and make profit. The stop loss tool has to be set the right way, you have to make sure that the loss you’re encountering is not more than the profit you’re going for ,because when the loss is too much more than the profit, you will be gaining nothing. Although I have seen people who claim they are really good that they don’t have to make use of these tools. But that’s left for them, they should decide for themselves.
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I got into BDO today, I think it is a great project by the looks of it. I think it gives about 3% or so daily, or slightly under it with all the costs and all. That is not bad but of course you have to take sbdo price into consideration because you could make 2% daily but price could fall, so you have to be careful.
Plus, there is no compound yet, and that means if you keep making bdo profit and sell it to buy sbdo that means if the price of sbdo drops a lot, you are going to lose a lot of dollar value whereas you keep gaining money in sbdo, hence I think that is a risky situation and you should be careful. I like it because in the long term it looks very very profitable, only risk involved is the sbdo price going down a lot, and as long as that doesn't happen I am going to be quite good.
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I have seen even stable coins worth 1.1+ dollars, they are pegged to 1 dollars and that is what they are worth but they were worth 1.1+ dollars, hell in some algorithm stable currencies we have seen even 20+ dollars which is crazy, paying 20+ times more than what they are worth, all because it was profitable for them to buy, not because they thought it would go up, but because they liked the stake reward it was giving.
So long story short, there is always a worth for something as long as people decide that it worths something. Biggest example is, you said Avax in your example, avax is now worth 50 dollars, which is the proof that we are in a situation where people saw that it was printed, and still willing to pay 50 bucks for each of them. That should tell you something, it is really a huge amount of money and people just find it valuable, it all depends on who will pay how much for it.
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Technically speaking they are all the same things, the only difference between them are the power of the companies behind them and that's it, nothing different. I do think that one of the weakest ones in that became the biggest one because of the first mover advantage but they are definitely one of the least trustworthy ones.
USDT is backed by the Tether company and the biggest one right now, I do not trust them at all, I don't know about TUSD and never heard of it before, BUSD is binance backed and binance is a huge billions of dollars in revenue company so I do trust them the most for sure, and USDC is circle I think? Not sure if it is the case that means it has a bit of wall street backing (via circle partnership) which gives a bit of credibility but they will do whatever suits them the most. So long story short, best one is definitely BUSD if you ask me.
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Actually you must edit the thread because it is 48,800$ is the last mark of Bitcoin meaning we are only 1,200$ away from the breaking of that 50,000 in which you mentioned. Let's not say "it always goes up" but end it with "it always go up in the long term", I have been around crypto long enough to know that there are great periods like the one we are having right now, and everyone feels invincible and they make decision based on these kinds of situations and they think they are going to keep making a profit forever, but the reality is that there isn't anything that is forever in the crypto world, you do not profit forever, you do not lose forever neither, it is probably 50%-50% in the end. However the long term trajectory is always higher, you earn 10%, lose 4%, you earn 20% and lose 8% and it goes like that constantly, of course bigger numbers as well. This is why I think bitcoin will be 50k, and even 500k one day, that is my end goal, if it ever reaches 500k I would say that it peaked at the top and can't go any higher, but until it is 500k I think it will always go up.
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I feel like tesla accepting it will have a much much bigger impact on bitcoin price then the people who accepted for selling their tesla for bitcoin. Obviously we all know that it wasn't tesla that accepted bitcoin, it was just dealerships that accepted it, if you wanted to you could take bitcoin or even if you want to take monopoly money too if you want, that is not really widely important, but tesla accepting bitcoin is a huge news and should be seen as a bigger deal than made in the media.
If Tesla starts accepting bitcoin as payment, and people are willing to pay for it, tesla will probably not sell it that quickly, they will probably keep it as cash reserves and use the fiat for expenses, that is going to change a lot in the crypto world, it would allow them to gather so much of the old coins and hold it which will in return increase the price.
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If I am also one of the employees of a company or government that will make a change in the way I get paid, I will also choose to just receive my salary in Bitcoin payment since I already know about crypto / Bitcoin and I know its trend. But maybe those who don't know yet will think twice, but of course, they will still be given a choice of what they will still prefer between fiat and crypto. And at least those who do not know will have an idea, and since those with them are already accepting and using Bitcoin, they will also imitate until they are all the same as receiving Bitcoin. And of course, neighboring areas will also know this and those who know will expand and expand. But those who disagree with the imposition of the crypto tax may worry because I know this is one of the fears that the government will do.
Honestly even as a person who has been around for 8 years in the crypto industry, I wouldn't get 100% of my salary in crypto, that would be way too risky and I never suggest that for anyone. Remember we always say that you should only risk money you can afford to lose, and salary is not something people can afford to lose, what happens if bitcoin goes 50% down in a month? Your salary will become 50% less as well and many people can't live with that and would have economical problems. I invest money I can afford to lose, if all of my investment suddenly becomes zero dollars I would still be fine about it, and nothing in my life would change, I would be upset that they are gone emotionally but financially nothing would change. So if anyone considers this option, I would say maybe get 10% in crypto and 90% in fiat so that you can spend the fiat to live and keep the 10% as an investment.
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I would love to imagine how the people who bought a Tesla with bitcoin are regretting their decisions, I mean if we are talking about a 3 digit bitcoin price back then and that means that a lot of bitcoin was used to buy those sweet Tesla, if I guess the transaction might have been a third-party dealer. Elon is a businessman after all, he wants to have some hedge for the chances that fiat will collapse following the mismanagement of a lot of government during the pandemic, hopefully no collapse will ever happen because that means that more people are going to suffer.
We also had people who bought two large pizzas for 10k bitcoins as well. That 10k bitcoin now worths half a billion dollars, that is no joke, someone who held that 10k instead of buying two pizzas would be in the forbes richest people list, not at the top but he would be somewhere in the top 2000 levels I think, that is really not something anyone can move away from. Dude talked about having even more bitcoins and spending that too and having a bit more that he kept etc etc but having half a billion dollars versus eating two large pizzas is the real deal here, tesla at least is tesla, when you eat a pizza it is gone, next day you go to toilet and it is gone, tesla at least is a tangible thing, sure a bad investment nevertheless, no doubt about that, but you can show your tesla for decades. So I can't imagine what people like that thinking about right now.
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I believe that central banks will probably stay alive forever, they are the places that keeps nations afloat however I do think that the importance of them will fall, they will not be this powerful forever, I think they are going to lose their worth after a while. This means somehow fiat needs to lose its value and importance and that is definitely something crypto could be helpful about.
If the whole world turns into using crypto which is something that is doable but very difficult considering how we need to still fix our own shit first (transaction being slow and very expensive type of stuff) we are talking about a potential for us. Which means if we could turn into a hybrid crypto/fiat world that would drop the power of central banks for sure. They will never go away, they will not even be the underdogs versus crypto, but crypto could at least take a bigger market pie then what it has right now.
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I couldn't think of trading back to selected alts I got wave back 3 years ago. There's no good signs for now of an altcoins glory because bitcoin and eth was only showing great performance at the start of the year up to present. However, only whales that has enough capital to gamble with this latest trend of cryptocurrency; and believed that only emotions will follow. Profits will come our ways as soon as the demand hits the reality.
I believe trading with usdt and btc and eth and anything else you want is fine, so you should not worry about it. It is not only whales that make money, we do make money with them as well. Of course someone who invested 1 million dollars in 2020 march when it was 4-4.5k and made 10x right now would have 10 million dollars, whereas someone who invested 100 dollars would have 1000 dollars, it all depends on how much you invest so you may think that we are not making money, but think about it this way, if you didn't invested in bitcoin you wouldn't have that 900 dollars neither, hence it should always be seen as something great. All the above, crypto is a way to make money but also a way to get rid of all the fiat world BS as well, whales are luckier there, here we all make the same amount of % when we are holding so you should definitely be happy about it.
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A perfect tip I can give anyone is, to be always on alert when you are trading. I know that this sounds like a common sense thing but most people are trading without a care, they trade while doing other things, they trade with info they got from other sources that are not credible, there are many things that could mean a lot of bad things for you.
Real trading happens when you check charts constantly from one screen and you check the exchange on the other screen, if you have one screen just divide it into two with left side on chart and right side on exchange, you have to do this seriously for whatever hour you want and that's it. If you just "yeah I trade here and there time to time" you are not going to achieve anything, even if you manage to profit "time to time" in the end you are going to lose all your money. Trading is a serious business and everyone should take it seriously if they want to do it.
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I could argue against just one of these. You "can" make money while you are sleeping, that is what bots do, they are online 7/24 so they may make a profit while you sleep.
It is not easy, but you can actually do profit while asleep, however all others are definitely scams, I know because I was a customer in many of them, I like the trading bot idea so I bought bunch of them, tired a lot of them and I can tell you there are decent ones and there are very bad ones, there is no great one because if you are not a great trader (I am not) that means no matter how "great" the trading bot is, it is useless in your hands, you need to first understand trading before you can make a profit.
If anyone keeps keys online, that is bound to get hacked so that is bad, no transferring funds so far within 10+ bots I tried so that is really not a case even in scam ones, but yeah scams are rampant around here.
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Technically speaking there is absolutely no limit at all, it could be anything, we could have even ethereum at 1 million dollars each, because it is technically "possible", that is why I think it is quite obvious that people do keep invest into crypto currencies. However we are looking at what is realistic and not what is possible, because altcoins could go up, but they can't go up as much as what is possible.
For example ethereum becoming 2k+ tomorrow would be possible and also realistic, however ethereum being 50k tomorrow is "possible" but not realistic expectation. So if you want to make something that would be realistic, you should keep it within 5x high and 80% low, those are the realistic numbers, prices will not go higher than 5x times in under a month, and it will not drop 80% in a month neither and thats the short term realistic approach.
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