1. How are you going to keep track of the coin (electronically)? If I give you my coin, you give it back to me and we repeat this 100 times, how will the virtual token be automatically transferred every single time from me to you (transparency)?
2. Why would you have an entity to release the coins if this is exactly against the purpose of cryptocurrencies (trust)?
3. If the virtual spending of the coin doesn't happen, how will you make sure I am not going to create the perfect copy of your coin with the loaded address on it, which virtually doubles the circulating amount of BTC (double-spending)?

All these problems can only be solved by having everything in a permanent, 100% transparent and fool-less ledger. Hence, physical coins are not a thing anymore. You can buy coins and load them by yourself (or you can purchase a loaded Denarium coin with multisig).

I never put my eggs in a single basket so crypto-wise I'm in with at least 20 alts + BTC. I think that is "safe" enough. But I wouldn't consider now crypto a good refuge. Could be a good idea to purchase right now but you should expect another possible round of dumps in the market. Hence, cash is gonna be king for a while.. until the FUD ends in the markets.

Afterwards, commodities & probably crypto will likely launch off. It's a matter of time, but only few are able to hold cash, commodities and crypto at the same time and trade them at the right time.. unless you have insider information.

EDIT: Please note I do NOT endorse this coin. The revival of it may very well be another scam, but the idea of reviving a coin through another blockchain is pretty interesting.

Actually, there are projects that have been revived by the community very well. One of these projects is VEROS. The initial coin was launched a few years ago by a most-likely false development & team which has exit scammed (I lost a lot of money thanks to the scamming team).

Post the exit scam, a community launched a token called VEROS, using the same logo, as a Fundraising Platform for Charities. I find it a pretty interesting idea. If a coin is dead, it doesn't mean it cannot be revived. But revive it under another blockchain so the initial "developers" would have no chance to sell their coins if a revival is incoming

Nobody needs war but I fear the current situation is heading towards something even worse. If it does (and it most likely will..), a lot of people will run out of business, will become unemployed or will have to face hunger (and if banks are going to fuck us up even more as if it's not enough, say hello to the up-and-coming homeless people).

If this is going to be one of the worst crises and recessions human history has ever witnessed, then +90% of us will run out of money and resources which means we would give 0 fucks if a war begins. We'd be more like "we lost everything so there's nothing left to lose anyway".

Hopefully I'm very wrong. This is the worst scenario I'm imagining. I'd rather be hospitalized in ICU than face a war. I hope all will be slowly rebuilt with the most peace possible but I also have to be realistic.

Meanwhile, I'll stay as positive as possible and hope this is not going to turn into something violent. I'm more worried right now about the governments all around the world taking the least effective steps with so much delay, it's exactly like they're specifically delaying the measures to let more people get infected.

People have lost trust in their governments. If this entire pandemic ends with a horrific number of deaths, citizens are going to turn around their own leaders. That could turn very, very bad in no time.

Did the forum work well when we had the 2013 online users peak number? Because if it did or if servers were upgraded since then to support an even larger number of activity, then it should all be fine now.

Most users were active back then because that's when most of us have heard of BTC's existence.

Now many have left the space and I believe it's because most of the users were only active here because of the continuous spread of FOMO.. which lead to people believing in non-achievable Bitcoin prices.. which lead to disappointment and then leaving the space.

We should worry when we see the number of online users passing 2-3k most of the time

I'm more of a BTC believer than an investor. The only chamber I'm sitting in is the chamber of belief in a future of cryptocurrencies. I cannot say Bitcoin is going to 0 if I simply do not believe it ever will. That is equal to forcing me to believe something I don't think is going to happen.

You're free to believe whatever you like, but is spreading around your idea that BTC is going to shit the best thing you can do in life? I've been here for years. Few more years and it's gonna be a decade since I started believing in cryptocurrencies. I have supported them ever since and will support & buy them even if BTC gets to a million dollars. That's my point. The freedom of choice & speech does not mean enforcing in someone's brain the idea that something is going to be worth nothing in a matter of time. That's why I always mention "I think" and "I believe" before sharing my thoughts. Bitcoin is a risk. Precious metals, stocks, fiat, real estate, anything is a risk and any investor/believer will assume it. Welcome to risk assessment.

Moreover, getting back to the topic, how are your "BITCOIN IS SHIT BITCOIN IS GOING TO ZERO FUCK IT YOURE GOING TO LOSE ALL YOUR MONEY IM ALWAYS RIGHT" posts helping those out here who are in a very bad financial AND mental health position due to the downfall of cryptocurrencies?

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Someone who bought $40k worth of silver coins in March 2011 can now sell them for only $12k. And that's real material and is also a damn $28k loss. Almost 1/4 of what they paid. What's your point?

I don't get why you're wasting your time on this forum if the only thing you're doing is spreading FUD? I'm going to be that "fool" willing to pay even a million dollar for a BTC once it reaches that price. These "fools" will pop up every time Bitcoin gets more scarce and its holders will not be willing to sell it for cheap prices.

Take a screenshot of this page and PM me 5-10 years later. Let's see who wins the argument.

Oh, come on, what the fuck is this theory. Then imagine what the Gold and Silver whales could have done to dump the markets long time ago.
The virus has no damn correlation with BTC or other cryptocurrencies. This theory makes absolutely no sense..

Come on, nobody makes a damn pandemic just to pull down the BTC markets. It's completely nonsense.. I'm with conspiracy theories too and I always listen to others' theories but this is straight bullshit. If they wanted to pull down the markets, there are plenty of ways they could've done it without causing a pandemic. There's most likely something way bigger behind this virus. Something I'm thinking of is, they most likely needed some reason to push us into the financial recession. Why? The damn astronomically high total sum of debt the world is buried into.

I bet you're one of these guys who are going outside at any time, in groups & clubs, giving 0 fucks about the pandemic. And then you go back home and wonder why the hell is everyone sick.

Even if the virus isn't "that bad", the health crisis is a reality. And the health crisis and the surge in hospitalizations would not exist if the virus was "just a flu". I really keep wondering what the heck do you guys need to be told in order to finally realize this is a legit threat to all of us.. Today we have WHO finally officially calling it a pandemic and many countries going into quarantine. And yet you believe this is not bad?

The problem will not end. It will get worse. Even if 5% of all infections need hospitalization, it still means a need of 50k hospital beds every 1 million cases. If you think that is achievable..

You and all these other fluboys need a very strong wake up call.

I have a huge ass poster with the Whitepaper sitting in my room and yet, to my shame, I have never read it entirely.

This helps. I may play it at night or when driving, it's something I'm pretty interested in - but I'm a quite lazy reader when it comes to books or very long documents unless it's very important to me

I guess I have already learned quite a lot of the Whitepaper by experience and through research anyways. But will give it a go soon.

Although I began using crypto many years ago, the first time I've ever played with the charts was somewhere around 2017-2018. At the time I also started following a few Twitter profiles, the "most successful traders" out there.

I first started by only taking a look over their predictions, taking notes and then coming back from time to time to see if their predictions came true.

What I found was pretty astonishing: the traders really did predict very well every single coin's move! Any signal came true, it was like you knew the future!

But that was because BTC and alts were going through a very bullish market. Any trade you would've gone for was a profit. Hence, most traders were going only for "purchase X coin!" signals and all of them were right.

Months later, the market went bearish. Very bearish. And guess what: these guys' predictions just vanished off Twitter as if they've never even traded before...

Lesson learned: most "crypto traders" are just guys who were very lucky to take the right moves at the right time.. there are only very few traders out there who have some really good history of successful trades and only very few misses. Hard to find them.

That is just overreacting and going for the most degrading actions you can go as a human being. I understand when someone rushes in a shop for a little piece of food because they know they don't have anything piled up at home and they need to survive too, but stealing is on a completely different level.

This is when the shittiest of the humans pop up to the surface like oil in the water. Get used to it; I'm pretty convinced these actions will very soon become the new "normality".

BisQ and/or ATMs are the way to go IMO.

ATMs may not be a good idea to go for though, because AFAIK USA has mandatory KYC on them. If you plan on having a trip to Europe sometimes soon, you can find here an ATM with the possibility of anonymous txs. You can give it a try in the USA too: find ATMs around you (check them out here: https://coinatmradar.com/) with the lowest fees and physically go there and buy the cryptocurrency you want. But again, make sure it does not have KYC. You can call the operator's phone number to make sure you won't have surprises in the middle of the transaction.

BisQ is less convenient than the traditional exchanges but it gets the job done. I've used it a few times for alts trading and everything worked pretty smooth.

How is this a landmine? I mean, if someone did not report taxes for 2019, had a financial interest in cryptocurrencies and checks the "No" box is clearly trying to deceive authorities and trying to deceive your authorities on your own signature is like handcuffing yourself. Am I getting something wrong here?

It's hard to get away with lying about your income. Very hard and you have to be very smart to be able to hide financial interest in a 100% transparent currency without ever getting caught. One day, like gentlemand said a few weeks ago, there will be a moment when authorities will have a software and within the push of a button they'll know literally everything about the money you receive, the money you spent and the money you owe.

No. Every single centralized platform and wallet is dangerous.

Centralized wallets. Centralized. They hold your keys. In other words, they hold your money. If the platform goes down without any notice, chances are your wallet doesn't have a single satoshi in it anymore because they've probably exit-scammed you. If I know your private key, I basically have ownership of your money. That means I can run away with your funds at any given point.

So yes, they are very dangerous. Don't trust a third party. I cannot trust someone who has ownership over the wallet of a currency that is supposed to be trustless and decentralized.

Read my older replies on this subject:

Looks like one thing I haven't thought of is how will one business convert their earnings from a stablecoin to fiat without going through a centralized party.

What if the mechanism allows a chain of 2 consecutive transactions: BTC -> stablecoin -> fiat (the final tx working same way BisQ allows to convert BTC -> fiat through banks) so the business can, in the end, have real money sitting in their bank accounts?

In other words, the revised mechanism would work the following way:

• Customer receives a BTC invoice that expires in a matter of minutes
• Customer pays the amount of BTC and the transaction will undergo an Atomic Swap to convert the BTC into a decentralized stablecoin
• If the Atomic Swap finishes successfully, the business owner now has the USD decentralized stablecoin in their account. Now the order is processed. If the Atomic Swap fails, the BTC amount minus the fees is returned to the customer
• The amount of USD held in the stablecoin will be automatically placed on the order book so the business owner could receive real USD in their bank account through a p2p swap similar to what BisQ conducts

If you're wondering why there is the need of an intermediary currency (the stablecoin), it's to make sure the business owner will receive the exact USD amount of their invoice. For example, if the business owner wants to convert their money into real fiat, chances are there will be no offer to purchase stablecoins through banks. In that case, the stablecoins will sit in the business owner's account until an offer will be available.

Now I see a larger problem popping up which is: why would someone want to purchase a stablecoin with fiat? It sounds like I'm asking you to switch my dollar bills for yours, which makes no sense. The platform allowing this entire mechanism must also be popular enough to have an offer at any given time for business owners.

There's no way I can tell anyone something positive about Bitcoin's price when I know we're witnessing a freefall. If anything, I'd tell people not to put their trust in any volatile asset at the moment (including stocks). The chances of a stock or crypto full recovery are slight imo, unless people have stopped selling but I doubt it.

The further we progress in the crisis, the worse it's going to be. In the end, Bitcoin and commodity hodlers will probably thrive off their holdings but right now it's a huge pit of fire all assets, including commodities, have been thrown into.

No point in changing your mind if you think that BTC was the most stable asset in the recent months. You're already wrong from the start.

Smart whales (and I guess they're smart since they're whales) have probably sold weeks ago. Now that the price has dumped, it became a logical thing to me that the price has to drop during a health crisis. People do not care anymore about their holdings during this time: it's time to prepare for survival, not to become rich.

The intelligent ones have sold long ago and are now purchasing at lower prices to lower their avg cost. The ones in need (or driven by panic) are selling now. Both kinds of people are leading to the same market move: a huge dump.

Oh man, I wish I had cash to invest money in crypto during the last dump. I always run out of cash exactly when I need it the most.. I'd honestly buy any of the top 100 coins, just give me the cash