I've been following Robert since I've read that book, and I can say that he's pro financial literacy and really against fiat currency based on his so many post. Bitcoin might fall in price but looking at it fundamentally, we can really say that its the future.
What is the future you are discusssing? Bad or bright for Bitcoin. I don't want to be thankful to Covid19 honestly because of so many lives taken away by this virus but looking at the bright side, online transactions become more popular because of this, same thing with Bitcoin.
The world is in a deeply sad two years time. My deeply condolences to all who lost themselves or lost their relatives or loved ones in the pandemic. The pandemic changes the world. Companies allow online working and many employees of Apple don't want to come back to office and fully work in the office. They are wanting to work at homes full time. Bitcoin will continue to grow and many countries will make this one legal just like El Salvador.
Years ago, Venezuela made noise and failed in bear market. This year, El Salvador is a higher step into the future. Thanks El Salvador. It is only the beginning and I don't know El Salvador will succeed with it or will fail.
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Do you know Robert T. Kiyosaki, the author of the best-seller book "Rich dad, poor dad"? Here is one of his tweetBitcoin crashing. Good news. Getting ready to buy more. Remember the problem is not Elon Musk or Bitcoin. The problems are the Fed, Treasury, and Biden. Gold, silver and Bitcoin are the solutions. Take care.
He has many other tweets about Bitcoin and began to show big interest in Bitcoin since 2019, if my memory is accurate. I hope that tweet means something for newbies or observers who try to join the Bitcoin market but always fear so far.
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what is new with Stellar? will it goes up?
XLM is currently priced at $.33 per coin and needs to break support zone of $0.354-$0.327. Do you mean resistance? Stellar is in accumulation and price is only half of its highest price in the last one year. Two possibilities for Stellar, break the resistance and move to $0.5 to $0.6 or the current support will be broken and price will fall to $0.18 to $0.2 Its highest price in last one year around $0.76.
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4 years ago, Lightning network and Segwit were on fire. Many altcoins rose for nothing because they were connected to Lightning Network, Segwit on their networks. You know what happened after those hypes. They got burned actually.
Ethereum Layer 2 is good but not a magic sword for anything. When the hype is over, they will get burned again. If you can choose good project with Layer 2 solution for Ethereum network, and can get profit, please take it and get out of the boat.
Use your profit to buy Bitcoin that is cheap now and don't participate in Layer 2 assets too soon.
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If businesses start to accept it as a form of payment, and people start getting paid with crypto, how are they going to tax it or regulate it?
Taxing is part of regulations and in any nation, you have to pay taxes for stocks, real estates, etc. because they are part of old and traditional financial markets, not as crypto market. Soon, you will see and have to accept new or adjusted tax policies in your nations. The more years pass, and the more mainstream crypto market reaches, you will see more tax policies and stricter ones definitely. Companies, employers, employees have to follow rules in your nation. It depends on the laws and tax policies in specific nations. In some nations, there is no tax for crypto tradings as of now
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18,730,687 BTC in circulating supply and there are $49,902,050,442 in trading volume on 8 June 2021. Assumes the average trading price yesterday is $33,500 it roughly means 1,489,613 BTC changed hands. In reality, there are less than 1.4 millions BTC changed hands. Many of them are only credited number of BTC for leverage tradings but has contributions to trading volume In order to make a trading volume of 17 million coins, it is enough to make 100,000 transactions of 170 coins each. At the same time, 50,000 times you will buy from me, and the other 50,000 times I will buy from you. We will do this alternately. There are a lot of trading bots on the exchanges, Bro. To do this, you do not need to mine 17 million BGL coins.
You are right but I don't like wash trading volume because they are not real and on exchanges with serious effects from trading bots and wash volume, spreads are big. They are not good exchanges to trade.
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1- You store your wealth in most secured, deflationary asset. Safe place. You can't say that about BCH. 2% on BTC hasrate can jump on BCH chain just for a moment to do 51% attack and go back to mine BTC. They both use same hardware.
BCH network is weak and not safe. If I move a transaction that has a big value for me, I choose Bitcoin. 2- you use cheap and fast chains for day to day payments. You use non volatile tokens for ease of use. You dont want to pay 2$ fee to buy 1$ worth cola. You dont want to open calculator each time you want to buy something. Its better to swap 1000$ once a month from BTC to TRC-20 USDT and use USDT all month without fees. And I'm saing that from my own experience. No one ever asked me to get his payment in BCH because its perfect solution for both store of value and day to day payment.
The main failure of altcoins, not only BCH is their networks are not healthy and for Bitcoin forks as BCH, it is worse. Because of 51% attacks and it is reflected to the real demand for daily transactions. In above post, I brought the lower Tx per second of BCH than BTC's Tx per second. There are other altcoins with cheap transaction fees but smaller block time, Ripple XRP or TRX as examples. A comparative analysis of Bitcoin forks. I use one of those chart in that article. There are other charts and one of them is Network hashrate which supports your point.
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We could do
20000/3900= 64000/12480
same ratios of peak in 2017 to min in 2020
gives us 12480
so under 12480 = WTF not 30000
It is a simply calculation and many things are changing. Things in 2017 to 2020 will be different than in 2021 to 2024. Combine your simple math with chart, I think price from $13,000 to $21,000 are safe to buy dips. I know $13,000 and $21,000 are very different in price but that range is a safe zone to accumulate Bitcoin if for whatever reasons, Bitcoin dives like that. $20,000 is a very strong support but I know it can be broken.
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For now, Bitcoin Cash has advantages for block size, transaction fees and speed. However, the Bitcoin network is much safer because it has a higher hash rate compared to BCH, but in my opinion the two cryptos have an important role in the crypto world, so comparing them will certainly have pros and cons from current crypto lovers, but apart from that's all, I think for the future there is a possibility that Bitcoin and BCH can continue to play an important role in the crypto world such as bitcoin which will continue to be digital gold and can also be a safe store of value, and also BCH which may become digital money or a method secure and convenient payments in the future.
Speed? What do you meant with speed? Bitcoin and Bitcoin Cash has a same block time. The average block time is 10 minutes. If you don't believe me, please check - Bitcoin Avg. time between blocks. In the last 24 h, it is 11 mins 10 secs - Bitcoin Cash Avg. time between blocks. In the last 24 h, it is 11 mins 26 secs The difference is Tx per second. Bitcoin is 2.76, Bitcoin Cash is 0.84. Bitcoin Cash transactions have cheaper fees.
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i believe listing in trade ogre is easier than kucoin. but of course, the trading volume in kucoin is much much better than trade ogre. but for the meantime, it still depends on the team where they are capable of listing this coin. right now, they have to find ways on how to increase their trading volume in their existing exchanges.
I can not disagree. Kucoin is better than Trade Ogre but Trade Ogre is not a too bad exchange. In the meantime, lower tier exchanges can be helpful for Bitgesell community. If listing fee is free or low, lower tier exchanges should be considered. If they don't have bad accusations, they are not bad ones.
In another efforts to bring Bitgesell to Whattomine, @fredeq replied and if their research ends with good result, Bitgesell will appear on Whattomine. A little good news for us.
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I added two new topics about Faucets and Withdrawal (fees & amount) from @Pmalek at the bottom of table.
Bump
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Yup, I have always had the same thought about NFT and you just described it the way I see it. It’s just like a trend that people are using to make money, most especially influencers are the ones that are cashing out with it. They will do something, every little thing they do, they will put it up for a cash grab and people will be paying for it.
Let’s hope that maybe as time goes it’s going to be a market that will benefit everyone, and not mostly those at the top. I think it can still be good if utilized properly, but for now it is still a new project, so let’s hope that it is going to be one that would last long.
Many NFTs in the list Top 100 NFT Coins by Market Capitalization. CHZ can bounce and it is one of leaders in NFT. The basic when you are in market, take the leader because it will recover firstly. Crypto market, it is Bitcoin. ERC20 ecosystem, it is Ethereum. Altcoins they are top altcoins. Projects that have some years in the market and adapted, upgraded their networks to join NFT trend will survive but I don't guarantee their price will not fall down. Most of new projects that only work with NFT will die soon.
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I am not good in Bitcoin cash for the long term. Why? As you can see, years ago, especially when Bitcoin cash started to launched after its forked on Bitcoin, we saw it in the Top 10 market highest market cap, even on Top 5, and as much as I recalled Bitcoin Cash was able to reach the top 2 or top 3 before, surpassed Ethereum but it was an only short period of time.
I don't care about the rank of Bitcoin Cash. In 2017, Bitcoin Cash has top position because Roger Ver successfully convinced people that Bitcoin Cash is the real Bitcoin and has more advanced technology for transactions than Bitcoin. In that year, when Bitcoin Cash rose, Bitcoin falls. People considered they are split of Bitcoin in total price for one real Bitcoin. But they did not know what is the real Bitcoin. But look at now, Bitcoin cash is already out of Top 10, (Current is Top 12) highest market cap. Very not good for me, especially there was a lot of forked happened in Bitcoin cash, like Bitcoin gold, satoshi vision, etc. Most are trash.
Bitcoin Cash was falling out of top 10 because of ICP, Polkadot and of course Dogecoin. Dogecoin and ICP or even Polkadot will fall gradually. Bitcoin Cash will return to the top but I don't care about rank on marketcap, as said.
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He is obviously wrong and we do not have to make too much of an effort to prove this, however this give us insight about his state of mind, it is likely the user you quote above is actually saying that if bitcoin went down below 30k then he will be done with bitcoin forever which means that from that point on it will not matter to him what bitcoin did as he will not come back to the market, when you read his comment in that way it makes more sense even if we do not agree with it.
Bitcoin goes down below $30k but at what price it will find the bottom? I am tired when people raise their calling in bull run and change their minds with lower lows in bull market. If he plays the downwards movement smart he just tries to buy with a limited budget in predefined steps all the way down. I wouldn't think Bitcoin goes under $20k because there is just too much buzz around it and too much at stake with all the institutional investors that are now on board, but I can see Bitcoin hitting the 20s. Would it harm Bitcoin in the long run? I would say no. Gold hasn't died either when it dropped dramatically and gold had ver volatile times.
I believe the worst scenario is when Bitcoin falls to $20k to $21k but if I don't have money to buy that dip when it happens, I am fine and don't panic or regret. I will hold my Bitcoin and wait for the bounce to $50k. I don't want to lose my Bitcoin with the bet at $20k to $21k. It is very possible bottom if Bitcoin crashes again.
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As the time of this writing, Bitcoin Cash (BCH) hovers between the $650 - $670 range. It went past $1k some time ago, due to the bullish crypto market. With the same limited supply as Bitcoin (BTC), Bitcoin Cash (BCH) has all it takes to become an extremely valuable cryptocurrency in the future. I'd predict that BCH would reach well above $5k per coin within the next 2-3 years.
Bitcoin Cash is a fork from Bitcoin and do you make your price prediction from the 2024 halving for Bitcoin Cash? Bitcoin Cash halving countdown timer. Bitcoin Cash will be shilled similarly to Ethereum Classic ETC. When people feel can not mine Ethereum, they mine Ethereum Classic. When they see Ethereum is expensive, they buy Ethereum Classic. With hope that Ethereum Classic will have higher price. Same for Bitcoin Cash. Bitcoin will have price of hundred of thousand dollar soon and people will choose cheaper cryptocurrency. One of their choice will be Bitcoin Cash.
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Well, if we start with 2 very good exchanges, such as Kucoin.com+Gate.IO This will be a great start and continuation of the Bitcore coin's rise in value.
I would like to vote for Gate.io exchange, not Kucoin exchange. Reasons are Gate.io exchange is friendly with small cryptocurrency. Lately, it is a perfect place for many meme tokens. That exchange provides many USDT trading pairs for users and with USDT, people will have more easily means to move their funds and to trade or invest. USDT is the most favorite cryptocurrency to trade on exchanges. You know what. On Gate.io, you will have very good Loan service from them. Let's discover it.
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I also want a non KYC exchange but an exchange that can attract volume and more traders, this is the first time I read that exchange I do not have anything against the exchange but at this point in time we need a decent exchange that can move the volume and the price, Kucoin is my best bet, but I'm hoping that one day we'll soon get into Binance.
Trade Ogre is not a big exchange but it is good enough to use with acceptable volume. Kucoin is better I agree with you but in the meantime, if the listing verification on Trade Ogre is easy and free, the Bitgesell team can consider it. How to List a Coin on KuCoin. I don't see Kucoin tutorial writes about the listing fee.
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Well NFT is an unique concept originated from Blockchain Technology and it's have great potential especially on Digital Games, Art, Entertaintment and many more and beside that it's introducing an new way for Intellectual property rights matters, Binance launching their own NFT is good thing since it will push more demand on the market but beside Binance there already innovative platform out there offering Useful use case like Axie Infinity For Example.
NFT is not actually an unique concept. If you are aware of Cryptokitties that used to very famous in 2017, you will see the idea behinds NFT is not unique. People used to spend more than $1 million to buy a virtual cat on CryptokittiesIt's more on because Binance has a reputation already, they are one of the first exchanges who support IEO as well, so it created a lot of hype back then, but when the craze has settled down, their next move is to support the next hype which is NFT.
Binance is very creative as well as adaptive to trend of crypto market. They usually create a new trend on crypto exchanges but if they are not the trend pioneer, they will fastly adapt to a new trend. So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.
Binance was launched and grew quickly in the chaotic period of crypto market in 2017 so that they are aware that if they don't adapt to new trend, they will lose customers and might lose their leading position forever.
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If we consider gold ETFs as a "layer 2" solution for gold, then this solves most of these issues and there's not much reason why Bitcoin is significantly better than gold as a store of value.
You arbitrarily use the "layer 2 solution" or second layer solution terminology. I don't agree with you. I don't know what is the origin of layer 2 solution terminology. It can be from Bitcoin or Litecoin. Lightning network and the introduction about layer 2 solution (Wikipedia.org). The layer 2 solution is launched to resolve the scalability issues from which I can see it does not have any relation with Gold, physical gold. It is for scalability, for transactions, not for investments as ETF.
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Another fun story from China that is very famous with cheating and copyright as well as intellectual properties from government agencies to local companies or people.
Do you think Copyright protection will be the most priority in China? Do you really believe in a Copyright Protection Blockchain from China?
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