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2801  Bitcoin / Bitcoin Discussion / Re: Experts Advise Musk to Invest in Cocaine Rather than Bitcoin - Safer Investment on: May 30, 2021, 05:20:42 AM
Experts Advise Musk to Invest "Corporate Funds" in Cocaine Rather than Bitcoin - Safer Investment ; If he must Play with BITCOIN, then he should use his own money.
I don't know where you got that "cocaine" reference but there's nothing mentioned in the article you referred to. I don't think drugs are considered an investment as well.

Funny Musk now is doing the exact same thing gambling with other peoples money, to save his own arse.
I don't know why this is the exact same thing as how DeLorean did his investments when it's not the same? How can you even say it's the same?
2802  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Defishit finance of uniswap on: May 29, 2021, 04:30:03 PM
There are multiple transactions that are going to happen. Knowing that Uniswap is run entirely on smart contracts, it lets you trade directly from your wallet. That's just one of the advantages of using Uniswap instead of a centralized platform like Binance. It would immediately ask for fees with that. I think you have to make sure that before confirming your transaction or accepting it, you need to have a balance. I think if the transaction didn't pull through, there's no deduction with fees.

2803  Economy / Trading Discussion / Re: Still trading BTC even though actually trading Alts on: May 29, 2021, 03:34:43 PM
It would honestly depend on your preference. I think there are a lot of things that you should consider when you are trading different pairs. So let's talk about BTC first. 

The Pros are
  • Profit with the significant movements
  • Single pair would be great
  • BTC is the OG coin and always will dominate the market

Cons
  • Double Edged Sword - Big losses with the significant movements in the wrong direction
  • Large movements since it is volatile with $100 up or down easily

It's not practically significant to trade many pairs, but it could even be more profitable, but it could be challenging. I think it's best to stick to what you are good at and the asset you believe in. Great if it's BTC.
2804  Economy / Services / Re: Roobet.com |Roo in Space Art Contest ~ $5000 up for grabs! |10 Winners - 1 Month on: May 29, 2021, 03:11:35 PM
Happy Mooning!

"Mr. Roo to the Moon!!"




Roobet Username: Crwth
2805  Alternate cryptocurrencies / Altcoin Discussion / Re: Most of your coins are going to be worthless in years. on: May 29, 2021, 04:31:06 AM
There is an easy way to get ahead of this and prevent you from buying shitcoins and losing money over the years. It's best to invest in the top coins already. Many coins show potential, but it's almost always going to be the same as the top coins in terms of features. There's nothing too original about it unless it involves improvement in the protocols that a particular currency is already using.

I think many people are hoping for the next DOGE and betting on these different meme coins that are popping up everywhere and hoping that it will boom and go to the moon as well.
2806  Alternate cryptocurrencies / Altcoin Discussion / Re: Matic is Top gainers ? In his bull run? on: May 28, 2021, 09:10:39 AM
It has been seen with the recent happenings and drops from the market that it wasn't affected by it. There are big companies that back MATIC in terms of its features. With its scalability and improvement of blockchains, it's not a surprise that it's not affected by the correction of the main currencies. Interesting currency.
2807  Economy / Economics / Re: Risk of Scarcity. on: May 28, 2021, 06:39:47 AM
I think it would depend on the place where there is scarcity. Most of the rich countries have probably enough resources for everyone. It's just that the distribution of it seems to be the "scarcity" part in every one. I think those who have nothing continue to have nothing because they don't have access to it. And when they do have it, it's somewhat put to waste because it just came without cost to them, and they tend to waste it.

Services would be a different thing altogether. I think there's no scarcity in that but only the effort towards the operators.
2808  Economy / Speculation / Re: Realistic market cap for bitcoin on: May 28, 2021, 05:44:37 AM
Upon searching the total money in the world, it's estimated to be in $36.8 trillion. Of course, this is an estimate but we can never know the amount that there is because for sure there are some unaccounted for in this.

1) Does that mean that even if bitcoin was to completely replace gold as a store of value, the realistic market cap would only be $5 trillion at the current time?
So I'm not quite sure where you would get that $5 trillion market cap. If there are a lot of conversions of assets, it could change or not be limited to that.

2) The above assumes that central banks would not hold any bitcoin. Is there any rationale for central banks holding bitcoin?
If they want to be part of the growing change in finance, they should be part of that and it could be another value for them as well.
2809  Economy / Economics / Re: The Central Digital currencies will make monetary policy more difficult on: May 26, 2021, 01:01:27 PM
If they keep the same ways like in the current money that we have.
  • Unlimited Supply
  • Print how many they want
  • They want control

I'm worried that most of the time is the part where they can print anytime they want. I haven't read much on CBDC's, but if they keep the same style and ways they have, there's no point in doing it anymore. Like it's the numbers in our bank accounts already, digital. So why do they need to make this?
2810  Economy / Trading Discussion / Re: DO YOU NEED A LICENSE TO TRADE FOR CLIENTS? UK on: May 25, 2021, 02:26:30 PM
I think whatever you are going to do, as long as you are earning money or intend to earn money, you need to be registered and pay the corresponding taxes that come with it. Probably every governing body wants a piece of what you are profiting or something.

There is also the factor that you need to know is that there are different taxes for different types of trades. Like holding the trading position for a long time and short term trading. Like, there's a different type of tax with that IIRC.

Better consult with a lawyer there and find out who can assist you with that.



Self-employment or not there are always taxes. If a wife can leave you the taxes never leave you  
Tax is forever, love is not. Lol.
2811  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining Council on: May 25, 2021, 01:48:52 PM
Starting this council is excellent, knowing that there would be people governing and making sure that there is accurate data being published in the energy consumption of Bitcoin Mining. I think it's best that there would be a center for everything to verify those data since most of the data are scrambled and doesn't make sense because it's not the same for everything.

It would be like making their own Bitcoin Mining standardization and make it even more efficient and understandable between different places. Every mining company should have a representative of their own so that everything is in the proper form.

This can be the step towards energy efficiency and utterly renewable energy transformation for the energy-hungry mining farms.
2812  Other / Archival / Re: The largest cryptocurrency correction on: May 25, 2021, 07:17:36 AM
Most of the whales have probably taken out profits with regards to their investments. They are waiting for the market to react towards their moves by dipping even further (more selling of their assets by individual investors) and, for the whales, a better entry point again with the crypto. Rinse and repeat.

Probably there are different type of investments that they could have done
  • Trading
  • Staking
  • Lending

For trading, I think it's mostly for short-term profits that probably have a percent on the sell-offs.
Mostly staking and lending could probably one of the big things that have probably been "unlocked" in the market as well? Maybe that contributed to the sell-off as well.
2813  Alternate cryptocurrencies / Altcoin Discussion / Re: Could someone expect any other coin price can be up as compare to Bitcoin? on: May 24, 2021, 01:27:56 PM
If we are just talking about market value, there is a coin that surpasses BTC in price, yearn.finance, or YFI. But of course, it cannot beat the market capitalization of BTC. I think it's better to talk about the market cap instead of the actual market value on what amount it's being traded upon.

If you want another coin to win, maybe the parameter would be on most usability or application?
2814  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 🔥🔥🔥🔥🔥[GUNBOT] Trading Bot with 136 exchanges available!!!🔥🔥🔥🔥🔥 on: May 24, 2021, 06:55:10 AM
The Latest Gunbot Starter Review v21.6.3

https://youtu.be/c3l6bwI6h2E

This license is ideal for those who want to start getting into automated crypto trading but don’t want to invest a lot of money in bot right away. They want to test the waters first before anything else.

Get your Gunbot here

https://gunthy.org/resellers/
2815  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon tweet again that he is supporting Crypto against Fiat on: May 24, 2021, 06:09:35 AM
I don't think Elon has ever been pessimistic about Crypto. He has always supported it, and I don't think he will dump all of his holdings anytime soon. He just voiced his concern about Bitcoin mining. We don't have sufficient data to validate how much Bitcoin mining is still in the dirty energy compared to renewable energy sources. Research is all over the place.

Maybe, Tesla wants that government grant that would give them even more money, and they need to put some shade on Bitcoin, for now, to be granted that money. There are Tesla Board members that made it like this as well. Not entirely all about Elon.
2816  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 24, 2021, 01:59:58 AM
I remember seeing this information as well, I just forgot where. Probably a video. It's great to see this but it would be another thing to see how long it could stay with that amount of marketcap. I think this is one of the reasons why a lot of people tend to stay away with Bitcoin, just because of the volatility. They don't think too much about the long-term too much with cryptocurrencies. Or people are just evolving to want faster gratification with their investments. That instant return with regards to their money.

It's the current trend with technology that makes it want to be fast-paced and I think this could be another pro with crypto when done correctly but we all know there would be people who would profit because of someone else's loss.
2817  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ] JOSHUA vs USYK on: May 24, 2021, 01:29:24 AM
Since the extension request of the team Joshua has been denied, this short amount of time would be difficult for them to truly decide with all that's happening. This was made possible by the team of Usyk enforcing the fight, right? Whether or not they will accept the terms, I guess they have no choice but to fight and accept terms unless they want to give the title without any effort, lol.

I don't think Fury-Joshua will happen anytime soon.
2818  Alternate cryptocurrencies / Altcoin Discussion / Re: Bear Run and the end of many of the Meme/Sh*tCoins on: May 24, 2021, 12:25:37 AM
What I think of it now is that the best approach to create new coins and to profit is to have the best marketing team and market the shit out of it and profit from those who will be foolish enough to invest. It's a marketing game now and it will never end for sure. A lot of people have profited from it and a lot of people will continue to do it because it's profitable to them.

I was even surprised when a game that I'm playing played Shibacoin song. Can't even find the song though.
2819  Economy / Speculation / Re: 90 Whales with 10,000 btc - Bullish on: May 23, 2021, 02:25:43 PM
What if those whales are just redistributing it to different Bitcoin wallets that they own as well? Making it an illusion that there are a lot of HODLers too? Anyway, there's no sense with that but in reality, it will always increase in price and I hope we are in the right position whether it is bullish or bearish.

Will wait till the end of the year.
2820  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: URGENT! Trying to buy BNB ASAP on: May 23, 2021, 12:37:46 PM
Try the Marketplace and to be more specific, the Currency Exchange board. Maybe you could find someone there.

https://bitcointalk.org/index.php?board=53.0

*edit

Be careful and transact with caution.
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