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2821  Bitcoin / Bitcoin Discussion / Re: Bitcoin Surpassed MasterCard Value on: November 24, 2020, 08:24:16 AM
Bitcoin isn't a corporate asset and not owned by any government or private businesses it will be ridiculous to compare it to Mastercard and to any financing company.  In short term, Bitcoin is decentralized and nobody behind on this.

However, OP might just want to say that in terms of the value that is circulating in the stock market then Bitcoin does really surpassed Mastercard now, and being in 15th place now it could possibly surpass Visa in no time.  This is only about the transactions and total amount of an asset circulating and being traded which refers not to a specific company but the asset itself that can be seen in the global market.

As the description in the whitepaper of Bitcoin, "A Peer-to-Peer Electronic Cash System", you can actually differentiate the Bitcoin and Mastercard value.
2822  Economy / Speculation / Re: Bitcoin Price From 0$ on: November 23, 2020, 04:17:20 PM
First, this should be on the Speculation board.

IMO, $50K is quite impossible to reach that price.  We had 1 month and a few days left before this year will end but still, the price didn't hit the $20k, that just what happened in the year 2017.  If there's a new ATH and breaks the previous highest price of Bitcoin, there is possible it will reach that price if resistance will be rapidly increased.

Though the price is unpredictable, I believed that we will reach that target price without a specific date and it might next year.
2823  Economy / Trading Discussion / Re: I have found a good Trading Course on: November 23, 2020, 02:51:22 PM
I'd watched 1 of those videos on the YT channel and I tend to agree that this is a good resource that can provide strategic insights when it comes to trading especially for those who still grope in this trading world.  Anyway, the course is for free so you may use it or simply ignore it depending on your preference.

We all know that in trading, IMO experience is still the best teacher and I have done the same thing at first, took both free and paid trading course just to enhance my skills but still my experiences taught me and cultivate my attitude towards trading along the way.  Though for me nothing can beat an experience as a teacher and I would still recommend taking such a trading course to establish one's foundation in this industry.
2824  Economy / Economics / Re: Cryptocurrency is poor men Lower class wall street on: November 22, 2020, 04:07:35 PM
Crypto has same rules for everyone - no rules.
Exactly.

So is the cryptocurrency is poor men the lower class wall street?
Isn't work like that, for the cryptocurrency is aiming for the same goal, it's equality and solidarity.  With wall street, it seems to have multiple ideologies when it comes to economic status. 

However, it shows similarity in a way since cryptocurrency tends not to be affiliated with any central bank which the wall street is doing the same thing with the American government but the similarity already ends there.  With Bitcoin and other altcoins, it hopes for smoother exchanges in the market regardless of your location, race, and status in life that makes it to be an ideal currency which needs to be acquired globally.
2825  Bitcoin / Legal / Re: Buying property with crypto on: November 22, 2020, 03:49:50 PM
@Lucius was right and I tend to agree with that reply, in the UK it's possible nowadays to purchase a property using Bitcoin but what I'm not really sure is how you will deal with the taxes along the way. I haven't heard any news or information about how the UK government collect tax for cryptocurrency transaction with regards to real estate.

I suggest for you to check it first with The Financial Reporting Council in order to have full knowledge about your plan and of course not to be scammed as well since this is barely new and scammers are always at large that could take advantage of the situation.
2826  Economy / Economics / Re: US Firm Launches Company-Sponsored Bitcoin Retirement Plans on: November 22, 2020, 03:20:08 PM
It's good news though, it's another hype for mass adoption is the thread all about though it's really advantageous for the Bitcoin space for it depicts the possibility that the American government will adopt bitcoin as well in no time, and if this happens everything will follow the absolute adoption will be attained by bitcoin.

However, with this plan, the demand and transactions will also increase which could make the process much slower and fees will increase though this may only happen in the early stage along the way resolution can be provided and fix the issue.

So, there's someone cooking  here. It is good to see that there are certain companies in U.S. have that unique retirement plans like this but the thing is only 10% is the maximum allocation in this plan, I actually one of the haters of retirement plans especially the 401k before because my goal is to achieve financial freedom and not just comfortable life like those people who are seeking job security and applying those kind of plan. Disclaimer that there is no bad thing applying in that kind of traditional retirement plans, my mindset is just different from the others. I do not now why I hate pensions and some retirement plans but one thing is sure it is because of the information that I keep reading in different books. This kind of firms are usually hold millions of dollars and the 10% for sure is huge and it can also affect the movement in the market.
Ain't against your belief but I don't see any negative concept on retirement plans or pensions since it's us who will benefit from this.
2827  Bitcoin / Bitcoin Discussion / Re: When this gonna change. What's happening with advancement? on: November 22, 2020, 02:34:44 PM
IMO, it should not be replaced instead it should only adapt to the environment.  I don't see any bad thing having a lot of paper works in any bank since it's a hard copy of identity and transactions that were held in each day and having blockchain technology is another form of advancement in a bank which made it easier and can smoothen every transaction of customers to the services being offered by the banks.

In fact, those paper works can also be used as a backup file and a reference if in case the blockchain technology fails in a certain period, that made all these transactions more secure unless a culprit will intentionally break the law.
2828  Economy / Exchanges / Re: OKEx Withdrawals Suspended No More on: November 21, 2020, 04:30:36 PM
I have doubt that users will lure to stay just because of those opportunities offered by the Okex team as they stated in the article.  As a promise of 100% withdrawal without any restrictions, also the loyalty reward and the sudden price increase of their OKB token will might users didn't want to have a full withdraw of their fund, instead invest on OKB token.

OKB token had hype recently and I don't think so we can determine by that user's will leave or they are just investing OKB token because they know there's a new ATH that could potentially be making a good profit.

I have also doubt in my mind that newbies will have fear once they know that this exchange platform was compromised before.
2829  Economy / Gambling discussion / Re: Life, gambling and trials. on: November 21, 2020, 03:15:51 PM
Same as with the others I often lose than winning probably it's the reality that most gamblers are afraid to accept because we keep on gambling with the hopes to win every time we play.  Sadly, some gamblers tend to say that they do gambling for entertainment but the reality behind that statement is their hopes of winning made them in denial of their perception towards gambling.

Going back to the topic depending on the prize I may go and have some vacation to think on how and where to spend the remaining prize if the prize is huge enough then I might invest it into business and a portion of it will still be used for my gambling activities.  However, if the prize that I will win is only a small amount I will save some of it and the rest will still be spent on gambling, IMO.
2830  Bitcoin / Bitcoin Discussion / Re: Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold on: November 21, 2020, 02:39:39 PM
The Deutsche Bank report isn't new to every Bitcoins investor, though it boosts people's awareness of Bitcoins and it contributes only to possible mass adoption.  However, golds and silvers are still the same as Bitcoins for both can still be considered as a safe haven for an asset the only thing that made Bitcoin's differ from the others is that bitcoin is a decentralized currency and because it has a limitation on the numbers of coins that can be mined that gives better value compared to the traditional one like gold where resources are abundant.

Radicalism makes people think that Bitcoin can surpass the quality of gold when it comes to value and as an asset due to its resources and abundance.
2831  Economy / Economics / Re: Is corona virus crisis changing economical equations around the world? on: November 21, 2020, 02:18:16 PM
IMO, both economic and political aspect was impacted by the pandemic, since lockdown was implemented in most areas in every country then some people lose their jobs and the buying routine started to change for everyone has started to be wiser on their spending and to mention.  Some businesses started to lessen their employees or worse closes the business at all which slows down the economic growth of a country.

Politically, it is obvious that changes may still be served if there are already actions made by the government which is directly different from the political norms regardless if it is a new or the same people that were elected by the citizens.
2832  Bitcoin / Bitcoin Discussion / Re: Miner's fees on: November 20, 2020, 05:35:55 PM
Quote
Will we see the joint-rise in miners fees like we did back in 2017? It's essentially the miner's fee rise that made Bitcoin drop.
Look at the mempool statistics, the chart shows of having a huge drop of Bitcoin's transactions which mean the fees aren't that high since mempool network isn't congested.  There's no correlation between the fees and the price movement in the market, still, the demand and supply were Bitcoin's price based.

Quote
..what good is Bitcoin?
As I can see, this isn't good for now of having frequent transactions or being used as a payment method, people are aware of the possible profit once they hold this and sell when the price is high.  The good advantage of Bitcoin is the possible safe-haven investment.

Quote
So, will we see a sudden miner fee rise this time? One that will bring Bitcoin crashing down like at the beginning of 2018?
I believed the price manipulation and continued spreading FUD news.  Regarding the miner's fee, it will increase if the network is congested that experiences heavy traffic due to the backlog of transactions and also pushes up transaction fees as demand outweighs supply.
2833  Economy / Exchanges / Re: what you think about bitcoin/bch/paypal does paypal cheating on: November 20, 2020, 05:10:04 PM
They're not cheating, IMO.  That's a pure business that they know that Bitcoin is very popular at this moment.  In fact, Paypal isn't a form of investment platform, they are just a payment method service were to accept payment and Bitcoin is on the mainstream that's why they limit but its regulation and as a user, you should always check first the Terms and Condition before you will use so that you will know how their service work.  In Paypal's Terms and Condition, they already stated there how it will works if you will purchase cryptocurrency on that platform.

If you know that you can't able to send your Bitcoin to external wallets, why you will still use that platform in investing in Bitcoin.  There are too many alternative ways to purchase Bitcoin that you have your own key under your control, so why use Paypal if your purpose is to invest Bitcoin not just a payment method.  Good thing, they had brought awareness from many people and might they are the one reason for Bitcoin recently surged in the market.
2834  Economy / Marketplace / Re: Buying and selling on this forum on: November 19, 2020, 04:11:57 PM
Selling goods or any related to physical products might be risky to both seller and buyer, it could be the buyers are fraud or it could the sellers that there's no real item to be delivered.  So, it really hard for a newbie to start a business here just like selling goods, unlike, if your account here is fully established and valuable members, it could be. 

Regarding the escrow, I don't know how it will work.  I think it's a little bit of hassle holding both transactions the physical product and the payment, unlike if the is a digital product that easy to transfer.  I prefer to buy in the official and trusted store for any physical product that you want to purchase online IMO.

Well, good luck OP with selling your products.
2835  Bitcoin / Bitcoin Discussion / Re: 25k new Bitcoin addresses in 1 hour on: November 19, 2020, 03:31:04 PM
That's a big NO for me, even though exchange can generate tons of Bitcoin addresses in different users in just an hour.  I remember HitBTC exchange, they can generate different Bitcoin addresses as much as you can or generate new address after you have used for privacy purposes.  The true indicator of the valid metric has data, graphs, stats, and of course, the right source on it just like what said posted above.

I don't know what is the purpose of generating thousands of addresses or it was a coincidence that someone will be trying to manipulate the Bitcoin network for their own purpose IMO.  But I really appreciate the report of the glassnode showing the graph of generated addresses.

However, whatever it is, still the news is on the positive side of Bitcoin.
2836  Economy / Economics / Re: Asia-Pacific nations sign world’s biggest trade pact on: November 17, 2020, 11:54:09 PM
If it is for the betterment of every country that will join in this open trade agreement then no questions at all.  Like the European Union that brings solidarity to its members this open trade agreement can be the start of a stronger economy for its members.  However, it may seem to be for the good of every member but it could also lead to the fall of a few because countries that have a strong economy may eat the weak ones and soon gain full control over the economy of the others only IMO.
2837  Economy / Trading Discussion / Re: Gunbot trading story on: November 17, 2020, 11:45:02 PM
Thanks for mentioning me; jossiel now I saw this thread.
Don't mention it.
Yes, you are.  You mentioned above the name that's why the notification bot triggered and sent notification to that user.

I heard and saw many threads of Gunbot here(how to use) so many times with the most reputable members and I think most of them can vouch for this trading bot too.  TBH, I haven't use Gunbot in my trading either of it's like because I prefer to do the trading on my own so I could have full control of it and blame no one except for my self every time I lose.  Most all the time the traders that need automated trading bot is I think the day trader because of the need to monitor the moment of the market price.

However, though I never patronize it that doesn't mean I am against it especially if Gunbot works perfectly fine with the others then I may suggest it as well with my friends who plan to use such a platform for their trading activities.
2838  Bitcoin / Bitcoin Discussion / Re: How did Grayscale get so much Bitcoin? on: November 17, 2020, 11:22:04 PM
I tend to agree above with my post.

Grayscale is indeed the most trusted custodial service and they act like a bank for Bitcoin holders regardless of whether you are a small or huge investor like whales.  The important thing here is they never break the trust that was given to them by their investors. However greyscale are a custodial service to most of them then they could take control over the trading market as a big whale if they intend to.

I can't imagine they hold 500,000 BTC Worth $8.5 Billion Currently Owned By Grayscale
2839  Alternate cryptocurrencies / Altcoin Discussion / Re: A crypto Scammer on the run on: November 17, 2020, 11:06:39 PM
For some reason, the news about the culprit already convinced me that authorities are already doing their job in protecting their citizens against scammers for both fiat and cryptocurrency.  I don't blame OP if he has lost his trust for Nigerian maybe because he has past experience but of course, scammers are not only from Nigeria they are around the globe like predators waiting for their prey 24 hours a day.

I don't want to blame these people but I think due to our economic crisis everyone can make fraudulent cases like this.  So, must be careful when handling our cryptocurrencies or investing projects.
2840  Other / Beginners & Help / Re: How can I trust cryptocurrencies? on: November 17, 2020, 05:05:01 PM
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
If you understand how it will work, you definitely don't ask this doubtful question.

Trust is like faith you don't see it physically but you believe in it.  If you would ask anyone in this forum how they trust cryptocurrencies it is the same as they have faith in it.  Regarding who controls the price of Bitcoin and other cryptocurrencies, it is us who make changes on the demand as well as with the supply though the supply is fixed if an investor, especially the whales, sell it in the market then the availability of it will be higher than of demand so there will be changes on the price yet nevertheless trusting cryptocurrency because of it's volatility depends on your outlook.

I suggest you understand it well and invest at your own risk.
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