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2761  Alternate cryptocurrencies / Altcoin Discussion / Re: Methods of growing your Altcoins? on: January 16, 2020, 03:35:34 PM
Hi! Everyone

What do you think is best methods to increase your Altcoin.

Invest in ICO?
Trading?
Hold?
Others?

It's never possible to increase altcoins by investing ICO or IEO. The best process is trading, when market dump again and again. Trading is more good than holding or proof of staking. Others process is waiting in dump market. You know in bear market all coin price will dump, so sell then wait.
ICOs are pretty much dead nowadays because of the constant negative remarks they receive. Trading, and buying more poses the biggest opportunities for an investor to grow his stack of altcoins. Other wise if you're a passive one then hodling might be the best for you to take on. What I'm saying is that it depends on how you strategize your investing and on what investing scheme you are most comfortable in.
2762  Bitcoin / Bitcoin Discussion / Re: Why only 6.2 percent of American citizens own Bitcoin? on: January 16, 2020, 02:52:53 PM
I think that it is because their isn't any major promotion being done by any prominent enough figures. On top of that, people just flat out are unaware of Bitcoin. Only those who frequent the world wide web (internet) and are tech enthusiasts (in one way, shape or form). My mother or grandmother doesn't have a clue what cryptocurrency is nor have they heard of it, say maybe a short news clip on tv that nobody really pays much attention to. Many aren't aware of Bitcoins existence and unless its backed by celebrities & politicians most wont bother touching it being that their fiat works just fine for them.
Biggest factor about this small number is the lack of knowledge regarding bitcoin and/or cryptocurrencies. Another will be the general panic that bitcoin underlies, people are still scared to invest on bitcoin. Third and this could be related to the second reason, elderlies, particularly boomers are reluctant in investing to bitcoin, this creates a domino effect which then disallows bitcoin to get into its target audiences.
2763  Bitcoin / Bitcoin Discussion / Re: Let's make mining sustainable on: January 16, 2020, 02:07:33 PM
I don't understand what OP mean, is he saying the fire that broke out in Australia was caused by mining bitcoin? Or was caused by bitcoin miner? This is so stupid and hilarious way of thinking  Grin Grin dude what are you thinking?  Huh , people have been mining bitcoin since 2009 including Australia too and fire never broke out since then OMG this is stupidity
Bitcoin mining in itself consumes electricity which are generated mainly from the burning of fossil fuels that deplete not only the quality of land but also the atmosphere that we live in. What the author wants is to promote ways that can make bitcoin mining greener by promoting the use of renewable resources and many others. And yeah it could also be because of the Australia Bushfire. Either way this is a good idea.
2764  Economy / Economics / Re: Why Cryptocurrency threatens governments on: January 15, 2020, 04:48:09 PM
Decentralized cryptocurrencies take power and control away from the government.  They can just print as much fiat currency as they want, but they can't control the number of Bitcoins created.
The fact that bitcoin is much more secure when you compare it to fiat takes it up a notch. and more than that with bitcoin, the power is in the consumer's hands. Not in the 2% of the wealthiest people in the planet. And can even cross boundaries without that much problem
2765  Bitcoin / Bitcoin Discussion / Re: Halving: Does it places an important role in the crypto market or not? on: January 15, 2020, 03:18:24 PM
Sure, Halving is very important to bitcoin and this entire market. The price of Bitcoin increases after each halving, so the next halving will take place in May will certainly help bitcoin reach higher values. Right now Fomo has helped bitcoin reach $ 8700 and it will continue to increase in the near future. Until the halving begins, I believe that the price of Bitcoin will surpass ATH in 2019
Halving plays a huge role into ensuring that bitcoin is alive  and good aside from the fact that it draws in more people to invest in bitcoin. It's pretty much like advertising by bitcoin which when people catch wind of, would definitely encourage them into investing in bitcoin.
2766  Bitcoin / Bitcoin Discussion / Re: Bitcoin Solves This: Bill Gates Talks About the US Wealth Gap on: January 15, 2020, 02:47:30 PM
Bill Gates recently published a blog post reflecting on 2019, in which he noted that his extreme wealth is unfair. Here’s why Bitcoin fixes this:

https://bitcoinist.com/bitcoin-solves-this-bill-gates-talks-about-the-us-wealth-gap/

What do you think, guys?

Bitcoin does not fix it. Bitcoin is not one thing that will address the extremely unfair distribution of wealth. Bitcoin does not and is not capable of putting a solution to that problem. Bitcoin is not designed to address it. Bitcoin gives freedom to everyone, regardless of wealth status, but it does not distribute them in a fair way. Look at how whales are influencing the prices.
Exactly, many people get it wrong and think that bitcoin is some kind of charity or a tool bridge the wealth gap and reduce it but really it's not like that. Bitcoin is just the same as any other currency out there and the fact that majority of bitcoins are now hold by the whales (there are many articles elaborating this topic) its like an obvious answer that bitcoin is by no mean a tool to solve the wealth gap and to propose fair distribution of wealth.
Gullible people will get hooked to this and think that bitcoin is another get rich scheme. This is one of the biggest reasons why bitcoin can't get no stable value. People draw in and withdraw money right after they find out that they need to do some work in order to profit. People should slow down with their mindset regarding bitcoin's profitability and think about the coin as the coin of the future.
2767  Bitcoin / Bitcoin Discussion / Re: Bitcoin Daily Living on: January 15, 2020, 01:00:25 PM
Im using bitcoin for a different way im using it as my source of income and its not P2P transaction either because my country doesn't have businesses that accepts bitcoin payments that's why in order to purchase goods and products, i need to convert it to fiat. The lack of services accepting bitcoin is the reason i need to rely in fiat currency, i hope in the near future i could see cryptocurrency being use as global payments for anything.
The lack of proper knowledge from the higher ups and the insufficient technology we have right now are partly the reasons as to why bitcoin can't prevail as a currency just yet. More people will need to be in the crypto train to encourage everyone to get in, as of now the best thing we can do to keep bitcoin alive is to support and invest on it until it becomes a full-pledged currency everyone will be able to use.
2768  Economy / Economics / Re: Big risk ,big results. on: January 14, 2020, 05:05:22 PM
~snip
There are several strategies that can be used if we have large capital and what you mentioned is one of them. Buying several types of potentially altcoin is a good strategy.

Although we all know that almost all the prices of altcoin will go down when the price of bitcoin goes down and vice versa. If we have a lot of capital, then it would be better not to spend it on one purchase because we also have the opportunity to buy some additional altcoin if the price is lower than the first purchase.
But most probably this person took the risk of spending all his money on a single coin and profitted on it when a pump happened. Most wealthy people won't admit that they just got lucky which I think is what happened here. Bitcoin is pretty much like stock market and casino combined. Going big does not necessarily mean that you'll go home a happy child. You gotta hit that sweet spot in order to profit big.
2769  Economy / Economics / Re: What will happen to Bitcoin if there is a global economic crash? on: January 14, 2020, 04:17:54 PM
I think there is nothing impact from global economic crash to Bitcoin price. Bitcoin is decentralized and the price is mostly influenced by the panic selling or coin holder itself. As long as the holders and investor is not becoming panic for this situation, bitcoin price will be on the track. On the contrary, if the holders are influenced by the global economic crash, bitcoin will potentially drop.

So, it doesn't immediately impact or affect to Bitcoin. 
I agree with your discourse, that it is true Bitcoin in use for alternative payment tools, and I think for the development of Bitcoin will always improve in the future because it would not be possible Bitcoin will deteriorate if seen from the user and more fans.
Except when you realize that most of the time this will create a domino effect on bitcoin too. Most people before understanding that bitcoin is decentralised might pull their investments out in hopes of gaining their losses on stocks and whatnot. A crisis could also disrupt technology, bitcoin's primary domain. So indirectly, one way or another, bitcoin will be affected by a global economic crash.
2770  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining crypto by walking on: January 14, 2020, 03:42:59 PM
I think the most important is not how to obtain it, but although they give you free coins/tokens but how they maintain their coin in market. And something like that only make new coin that don't make good benefit in market for traders, or maybe for their investors.
Still, the main point of this certain application is to promote healthy lifestyle by means of carrot on a stick. And it's good since most people nowadays won't do stuff unless they receive a compensation in return. Hopefully this application gets kicking again since it is a nice way to help people who are demotivated in earning money. In the issue of how well it'd put up in the market, long as everyone supports this program it'll keep itself on its own.
2771  Bitcoin / Bitcoin Discussion / Re: The Truth That Will Eventually Kill Bitcoin on: January 13, 2020, 04:54:50 PM
First of all, I've watched a minute and already do not agree with the video.

They say dollars are representation of market items owned by you. So when you own a dollar bill you don't own just paper but a record of ownership that is equal to woning an item of value.
Not really. An item of value is widely accepted and will continue to be. If you have a bottle of alcohol, you can be 100% sure that it will continue to be valuable whatever happens. Even in a state of war or recession people will want alcohol to clean their wounds, start a fire, create molotov cocktails, prepare medicine, clean paint marks, or simply get drunk. Try doing the same with paper money. They are only a representation of items of value in a perfect world, where the government is in power, there's no war or civil unrest, and the economy is booming.
Indeed, watched the video itself. And If we follow the principle of the person who wrote this video or at the very least put it up, then fiat will be a scam or a fraud too. To be honest, fiats aren't stable too if anything. They fluctuate and are volatile though not as much as bitcoin because of the high usage. The same will happen to bitcoin provided that it is accredited and is used globally. All this hate puts bitcoin on a bad spot, not so sure why people are so into putting bitcoin down.
2772  Bitcoin / Bitcoin Discussion / Re: Why will BTC halving stimulate price growth? on: January 13, 2020, 03:50:49 PM
I predict that the halving won’t affect the price all that much. There are already so many bitcoin in the ecosystem, and the halving will just slow down the rate of new bitcoins.

Regulatory controls, new platforms supporting bitcoin and an increased rate of new users (and investors) will probably be the main driver of bitcoin price growth.
If you're going to reduce the supply in half surely the market price of bitcoin is going to be affected for surely it will result to an increase in the market price since the demand and supply is not going to balance even today compare it if you are going to make the supply in half but for sure it was just the market price that is going to be affected it is still the same. Theoretically it will be difficult to get bitcoin at that rate and market price could already be double.
Indeed, cutting down the supply leaves the value remaining to the ones that are left which causes price increase when there is low supply. furthermore, the increase in demand due to the low allocated price could stimulate a price increase. That is why the halving which will happen this year will potentially cause a price increase on bitcoin.
2773  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins a definite solution against a bear market? on: January 13, 2020, 02:00:55 PM
I have seen this argument but was more of stable coin to Fiat. I like to adopt what the big guns in the market do when keeping their profits,which is putting your profit in fiat. Though there might be tax implication with some countries when fiat is used but fiat in this bear market had been more reliable, maybe because tether lost it at a point and Dollar was more consistent that ever.
Personally stablecoins provide catharsis for people in times of uncertainty especially when huge coins in the market dumps their prices. They have been a huge help so far in keeping the cryptocurrency industry alive. Though fiat still poses some help, I would say that stablecoins take the cake this time.
2774  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be decentralized if the Internet is centralized on: January 13, 2020, 01:23:58 PM
Let's put it in another situation like this... It's like you're saying you can't achieve freedom because there is government controlling you with laws. But in reality, you still have freedom even if there's rules and regulations. Same situation with it. You cannot say that Bitcoin and other cryptocurrency can't be decentralized just because internet is centralized. I disagree with this. You use internet with crypto. Even if others can control the internet, it doesn't mean they can control cryptocurrency since they are still decentralized in nature.
The internet might be centralized but this doesn't mean that bitcoin isn't decentralized too. Bitcoins are accessible with the use of internet but the technology supporting and improving bitcoin is what makes it decentralized. Moreover, internet is divided into several "servers" to support and to offer the fastest assistance so in a sense the internet is decentralized too.
2775  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the future ?? on: January 12, 2020, 05:44:52 PM
.....So hold your bitcoin for your future.

Actually I have a totally different strategy. I try to buy and use bitcoins continuously because I think it is the best way to accumulate it and keep this currency growing.

Basically I invest a significant part of my incomes in bitcoins. When I can use fiat currency and bitcoin I choose bitcoin.

To me it is the best way to accumulate bitcoins (those that I don't speed). I don't expose myself too much buying a lot of bitcoin at a given price. obviously it's a basic strategy, I'm not a professional investor.

What's do you think about it?

And yes, I think BTC is the future, that's the crypto I feel confortable investing and using.
Personally I see huge potential in bitcoin too. But as what many have mentioned. It's still too early to decide for things. Anyway, whatever comes out on top is always for the better. So we don't have to compete and contrast to see who'll wins. Bitcoin's win pretty much means a win for cryptocurrency too. And if bitcoin ends up being the best coin there is in the future then it will be good news. Otherwise I'm just going to hope for a prosperous cryptocurrency world.
2776  Alternate cryptocurrencies / Altcoin Discussion / Re: Who Says Bear Market is BAD? on: January 12, 2020, 05:05:06 PM
Personally bear market is good for every market. I always love to have a bear market which gives us an opportunity to invest in the right coins at a cheaper price so a longer bear market leads to a longer accumulation period for those who believe in it. Just think the think people who invested in BTC at the price level of 6k,5k, and 4k. Little technical analysis helps a lot in determining the entry price.
The bear market is just a normal phase of the market when the market deleting for unnecessary projects or from unnecessary investors who accidentally enter the market. therefore, the bear market is the time to clear the market, and as a rule, the longer the bear market will continue - the longer the bull season will continue.
In this case, the necessary projects disappear too, it is very hard to achieve something new without financial support from the markets. The long bear market caused a more problems for reliable projects too, surviving projects don't care about the bad market conditions.
It's both bad and good depending on how you look at it. On pro-bear market's side bear markets allow them to buy more coins for when the market pumps, projects are also most of the time released on bear season to allow more people to take into their coins and help them grow it. On the other hand, it's bad because existing projects are left to waste. And people who have already invested lose money.
2777  Economy / Economics / Re: If the government supports bitcoin instead of the existing currency. on: January 12, 2020, 04:13:35 PM
I think it is very difficult for states to support bitcoin. What could be the reason for supporting Bitcoin? The states that will support Bitcoin must have a very large stock of bitcoin. Bitcoin economies can turn upside down.
Indeed, it seems to be too farfetched for local government at this point in time to support bitcoin. But for the sake of argument, let's say bitcoin is backed by local government and people are urged to use it. More people garnered to use the coin will cause a sudden increase on bitcoin's value. And since it is supported, fewer people leave bitcoin, which could potentially cause a lower volatility rate.
2778  Alternate cryptocurrencies / Altcoin Discussion / Re: Is regulation good or bad? on: January 12, 2020, 03:37:13 PM
Of course regulation is a pretty good news. I am very supportive of this because indeed this will be a pretty good thing, especially the developers of the project and their investors will be just as comfortable when they have permission.
In my humble opinion the disadvantages of regulation are bigger than advantages but it will become a new standart for all exchanges one day except decentralised exchanges. Atomic swap coins will become more popular and speculation will pump the prices of coins with ability to swap if regulation wave continues.

Very good point that few people mentioned: regulators can only target CEX and VASPs (see what the FATF report argues), neither DEX, nor P2P transactions. Atomic swaps and similar innovation will develop. We can even expect a two-tier industry: regulated CEX for "normal" traders, and unregulated DEX for informed and privacy-centric traders (large hodlers and whales one can imagine). This is not impossible. But it would at odd with regulators' goal to fight against anonymity and implement a technologically neutral regulation.
My opinion is :

Regulated CEX for the masses
Unregulated DEX for informed traders
Self-regulation of IEO and STO by self-regulating organizations and private firms (such as CipherTrace). We can imagine firms like coingecko establishing good practices and quality standards, ratings, etc. BTW, they already do it.

To sum up: regulation may trigger a segregation process between types of users, with significant impacts on innovation. Self-regulation must be considered seriously
Well as for me, regulation be a good and a bad thing depending on what we look into. Regulations will definitely put bitcoin to a higher standard than what it is right now and may even have a chance to become a full-pledged coin that it was supposed to be in the first place. On the other hand it could be bad when you understand that putting up someone to take care, or an entity to take care of our coins and how they are spent. Defeats the purpose of most cryptocurrencies like bitcoin which is unshackled power on the consumer's hands
2779  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not being sold for $24,000 in Iran on: January 12, 2020, 03:03:38 PM
I think I can give you much more useful info.
A few weeks ago someone from government said we are going to implant a new bard crypto unit worth much more than BTC.
and people can start investing on it
Unfortunately many people started to invest there while still there is actually no new coin. they just say they are doing it...
no the answer is a big NO. BTC never sold at this price there
So this means that people are mistakingly referring to this coin that is not even made yet for bitcoin. Makes sense. i mean, it's kind of farfetched for bitcoin to have different values at each country since it is decentralised yet still a currency. What I paid for 1 BTC should be what you pay for in equivalence to your currency, if my memory serves me correct.
2780  Bitcoin / Bitcoin Discussion / Re: Could this be a bullish sign as halving approaches? on: January 12, 2020, 02:09:51 PM
Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.


Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?
Predictions somehow provide a viable insight even for a coin as volatile as bitcoin. But as you have said, with the scammers lurking around, we can't guarantee this year just yet. What I would suggest however is to keep on investing to at least preemptively alleviate the dump when scammers like plus token pull their monies out. In that way we can still hope for a better price.
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