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2881  Alternate cryptocurrencies / Altcoin Discussion / Re: If the internet is down in the future on: November 22, 2021, 06:24:20 AM
I am not sure that people would even think first about their portfolio when the internet dies or just went non-existent for a while.
That is what I tried to point out to all the red-pilled newbies in this thread posting their conspiracy theory like hot cakes. If the internet would really go down it will be a war like chaos. Portfolios can go to hell, people would need to save their own lives, we have so many devices and systems that are relying on internet.

If you talk about a nationalized internet or intranet then in such countries it can be controlled, but to use bitcoin one needs access to the real internet and not intranet.

What @Ucy said, might be a thing for the future - a currency that relies not completely on internet and electricity but let us see what development we can see in such a project if they really work out something worth using.
2882  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Want to buy Bitcoin miners? on: November 22, 2021, 06:17:32 AM
But the way he posted this Leaving Just a Phone Number? this makes the purpose more riskier and questionable .
It is called a drive-by offer, a basic scam that is often effective in picking off some newbies landing on this forum while actually searching for miners and buying them. Random threads like these get picked up by SEO and then they ignore every post written after the OP.

It is actually very profitable for scum like them to run a scam and the added advantage is the lack of information and lack of doing research on part of the newbie who might read this thread and ignore these posts and text the OP right away without thinking what is too good to be true is essentially a scam.

For them an escrow is "too slow, too costly" and whatsapp deals with unknown people are "legit". Roll Eyes You cant help those who cant help themselves.
2883  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: CG or CMC on: November 22, 2021, 06:13:23 AM
Which one can more increase value of a token,
Listing on Coingecko or CMC
Firstly, you dont list on CG or CMC, you list a token on an exchange and at the same time propagate it on social media, probably for a longer duration before the token has even been listed.

These sites are aggregator sites, they pull data from exchanges and if a specific coin is making the rounds in that exchange they will automatically list it there. Now if you talk about "paid tags" then I am not aware of any site that allows such services to "list" on their site to increase public awareness but it is an unethical and inorganic mode of marketing, something better to avoid.

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And next question is usually how many hours price goes up , i know it depends to many factors but i mean something adv between the most tokens
Question is incomplete. How many hours it will need to get a price up depends on what price you are talking about, the token's supply and the market capitalization. You need to do some serious homework my friend.
2884  Economy / Economics / Re: Bitcoin and non-formal workers on: November 22, 2021, 06:06:07 AM
What about those you know in your country, does this happen in your country and the people you know? I don't think there are any restriction governing formal workers involved in this industry as investors or traders.
Majority of the users in my country come from freelancing and take bitcoin as a source of income for part time earning and then sell it on exchanges to get fiat since they dont have any avenue of spending bitcoin directly to a merchant.

Jobs that pay directly in bitcoin are still a dream for the average bitcoin user outside countries like US. For the lower economic countries it will always remain a dream unless there are changes from the side of the government to regulate and become lenient about crypto transactions.

I am hopeful that it will be better in future for those who are willing to get paid in crypto. Since it is deflationary, we might see fiat based salaries to be bigger in amounts and rewards than bitcoin based salaries. Grin
2885  Economy / Trading Discussion / Re: What is Bitcoin up since after Dump? on: November 21, 2021, 07:33:03 AM
The price of bitcoin is inching up gradually from 58k to 59k today. If this continues it would mean there has been a buying pressure after the dump, whatever be the reason behind the dump - panic dumping(?)

I am expecting another dump to happen at 60k, again since it is a round figure, people tend to buy/sell at such targets. So it is better to hold all your horses from trading during this time. Unless the price falls below 55k, people should do watchful waiting. You could place limit orders too at 50k if you have money spare at hand, considering this to be close to month end. Cheesy

These bear and bull cycles can only be predicted if you are in the market for long. No need to panic because when something goes up it is bound to come down. Grin
2886  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Education Insurance on: November 21, 2021, 07:20:07 AM
Insurance is something that is best done by the financial institutions and Insurance for education does not seem like a term I came across often, correct me if I seem narrow-minded.

I think students can learn about crypto if they wish to and they should allowed to freely associate regarding this. Force-feeding with instructions to invest in crypto or learn about crypto is the wrong method. Giving them prizes in crypto, may work but I dont the ones on the receiving side are going to hold on to that crypto for long, they will likely sell it on an exchange and keep the fiat. That would be a logical step too considering their chances of spending crypto being lower than the chances of spending fiat.

Also teaching regarding crypto is only about development of blockchain technology. No institution will teach you about cryptocurrency and how to invest in them, those come from your own choice.
2887  Economy / Scam Accusations / Re: Is This A Reliable Project? on: November 20, 2021, 07:51:18 AM
A project renaming/rebranding in this manner raises a lot of suspicions.

I even checked some of the writeups on their website and I found another website which is copy pasting a similar look - https://t20worldcup.io/

A copy paste website only indicates that a group of scammers is running both and their intent is malevolent. Though a token does exist and has been posted on coingecko, I would not take this project to be a serious one, specially when they have tried to move between Hype trends. Only quick cashgrabs employ such methods.

In other words, exit when you can or dont touch it.
2888  Economy / Economics / Re: Are we in a bear trap? on: November 20, 2021, 07:40:47 AM
Seeing the funding rates above, it seems clarified that btc had a 'fakedown' and was a bear trap, but how low do you think will it go?
It can go down but it can also go up. Funding rates and all make predicting more difficult and biased, but keeping myself aside from futures and margin, I see the opportunity to buy at the low I take it. Yesterday price was 55k and today it is 58k - profit in the air if you seized the chance.

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Is the trap game over and we lost the 55k buying opportunity? Or should I wait for much lower value of btc to get an entry?
Possible that lower than 55k might happen. I dont think below 50k will sustain for long, surely there will be buy orders at a round figure like that. So a correction will be seen there. That might be a good place to buy again.

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I am still confused about that MtGox releasing their customers' btc tomorrow, which is making my nerves go wild when I think of what may happen.
The point is not take in that much anxiety, it will ruin your trading experience. You could also decide not to trade during this period. After all we cannot pin a specific reason to a specific movement or look for correlation-causation every time.

Make a point to buy at the next dips and then see what happens.
2889  Economy / Economics / Re: Fiat banks and the government. on: November 20, 2021, 07:34:13 AM
A recent situation in my country where the banks have been instructed to block accounts related/associated with crypto trading has prompted me to start thinking if these banks are actually happy carrying out government policies against their customers, because some of them seem not too happy about it but look to have little or no choice on the matter.
We only see what we want to see. The other side is never explored, what leads to such decisions is often important to be understood, major reasons being money laundering. Although Nigerian Banks have their own reasons to launch their own cryptocurrency, this should not be taken as a representation of the rest of the banks in this world, after all not every country and policy is represented by a single country.

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Can the banks challenge the policies from the government?
Banks have to follow what the government tells them to do. Banks cannot run completely autonomously.

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Are the banks working for the people or the government?
Any institution runs only for itself. They change their stance depending on which one keeps them safe and running. So if needed they may run with the government, which is usually the case.

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is there any possibility that banks can operate freely entirely from government policies?
No. They have to run on the land and they have to follow the law of the land is the broad explanation.
2890  Alternate cryptocurrencies / Altcoin Discussion / Re: What would you do with 20,000 Dogecoins? on: November 19, 2021, 07:08:48 AM
I really think that Doge & Shiba Inu are a pair of peaces of the same kind of shit, valuable shit nowadays but shit anyway.
I would still keep DOGE to be a bit more valuable than any other memeshits out there. At least you get a legacy feel with DOGE and you know there is a community for DOGE out there who can pump the price and you can easily dump on them and exit when you wish. Newly launched memeshits will not grow big like DOGE.

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I have a big position in Bitcoin, so there is no sense in buying more.
Wrong. When bitcoin mining gradually ends, the scarcity of bitcoin will become so rampant that even a couple of satos will be worth a lot. You dont want to miss out on that. So whenever it becomes feasible for you to collect bitcoins, do so.

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Probably the moment to buy Shiba is not the best, but it's not so important to me, I have a life outside the market.
Memeshits never make a long term value. You will see it yourself in future.

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I am trying to find a good long term opportunity, if the market makes what almost all of us are expecting, in a couple of, weeks/months/years I won't think about money anymore.
Not sure if that is actually what you want, but my suggestion would be BTC and ETH. Beyond that maybe LTC can be worth looking into but the multiplication of asset might be lower compared to the maximum seen in bitcoin.

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So, I'm looking for a good project to invest a pair o thousands and save the coins for maybe five to ten years.
In that case, probably this has been said in every post on this thread, bitcoin remains the best. You can also think of fiat markets - some stocks and bonds might be good. A certain stock in my portfolio from the local market has become 300% in one year, I am not complaining.
2891  Economy / Trading Discussion / Re: What is Bitcoin up since after Dump? on: November 19, 2021, 06:57:59 AM
Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.
Currently the price has gone back down to 56k USD. The thread was made before this so, somewhat my prediction that a dump will happen soon turned out correct but I was not expecting this much dump to happen, maybe up to 60k was expected.

This is the time to buy if you know how to seize the opportunity. But right now you should wait for the dust to settle. If bitcoin drops below 55k USD then the buying range is 50k USD. You would defenitely see even lower but start buying from this range in small amounts if it keeps dropping lower. So that when the bullish trend starts again, the corresponding sell orders could be placed at separate strata.

This is a part of the bull/bear cycle, nothing to be afraid of, happens every few months and the point is to remain pragmatic about movements and capitalize on the fear in the market.
2892  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What resources do you use before investing your money in new projects? on: November 19, 2021, 06:51:12 AM
Joining a new project is very risky but promises multiple benefits if successful according to the roodmap. and of course we will look for reliable sources so that we can be sure the project is real. The basic thing is to look for news on one of the most trusted websites or in one of the markets and other media
Roadmap can be made by anybody who has looked through a hundred previous roadmaps. Besides majority of projects end up delaying the dates on roadmaps. The only roadmap I trust is the ones I see on the highway. Grin

Reliable sources is not a clear term. Depend on whom you consider as reliable. The most reliable is your own research. Paying someone to do it for you can also work if they are not having any personal interest, putting aside the possible financial bias that projects often tend to provide towards asset managers and advisors. Again fake advisors and self-claimed "gurus" are rampant on the internet.

The basic point still remains same, if you find out the project to be solving a specific problem that really exists then that project has a chance to grow and develop into something big. But this is rare in the ICO sector now, majority of the project copy what others have done or just hype a vaporware.
2893  Economy / Trading Discussion / Re: Question About Limit Orders and Trading Platforms on: November 18, 2021, 06:42:01 AM
I just put in my first limit order, so we'll see how that goes. The thing is that they tied up my money until the order goes through or I choose to cancel.
The limit order becomes a market order when the said price is reached, only whether the filling is done or not is not guaranteed, the price is. When you place such an order your money is always going to get locked in the order. That is how it works.

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My question is if you guys know of a site that doesn't do that. Like, can I put into 2 limit orders for everything and once one goes through the other is just ignored, maybe
You can look into One-Cancels-the-Other (OCO) orders, where you place two orders simultaneously and the filling of one will cancel the other automatically.

This will depend on what your exchange offers though, it may not be available on every exchange. Remember that OCO is usually used in a volatile situation and I suggest doing some dummy trading on it before heading into the actual market.
2894  Economy / Economics / Re: crypto for the development of local farmers...can.....? on: November 18, 2021, 06:33:40 AM
Crypto can be developed for all types of life including agriculture,
It can be developed but that does not imply that it can be useful. Anyone can create a new coin without any regulation but that needs to be done with a feasible vision with proper hindsight and not a cannabis-induced hallucination. Roll Eyes

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in fact there have been projects that wanted to adopt agriculture to the blockchain system, but because they failed to reach the target money during the ICO the project stopped, of course we are waiting for developers to enter the farmers so they can make they are easy to market agricultural products.
Like I said, there is a lack of follow-up. Truely there has been many projects that have put in agriculture as a cornerstone and developed only to end up as a shitcoin. Point is that clicking some pictures of a farm or some farmers does not mean they are going to get big. It needs to pitched properly with direct communication between investors and the representative of the farm, report updates about the farms expansion and growth cycles and how the token holders can spend their tokens for their own benefit.

All these things are lacking in almost every ICO based coin that have been launched. Wink
2895  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Unlisted Crypto Coins on: November 18, 2021, 06:21:16 AM
Would love to know about how to buy new unlisted crypto currencies. Thanks.
You will encounter two very common problems among others, at least these two I know:

1. A newly created token which has not been listed may be locked in the wallet. The owner will not be able to send to anybody and this is coded into the smart contract for a specific date when the token unlocks. This is to prevent the specific grey market that you are actually interested in. Token advisory team usually does this and they dump before the retail investors actually get any wind of what happened.

2. There is no guarantee that buying those tokens early before trading starts on exchanges means that you get a upper hand. Yes you might benefit from the first flip but are you going to bet on being able to catch the first wave, because you are not going to be alone there.

Also the risk involved in getting into projects that are vaporware are very high. You might buy some shitcoin and end up with your money stuck in a worthless asset. There are other places to invest and this is defenitely not a wise choice.
2896  Economy / Scam Accusations / Re: [SCAM] Cryptoxdoge.com - Ponzi scheme on: November 17, 2021, 07:02:26 AM
The accused account has been hunting faucets in the year 2017 and then there has been a long posting gap to finally reappear with ponzi schemes. Suspicion of being a bought account is high here.

Visited the website and all I can see are the high wall texts of ponzi schemes. They are going to end up losing customers like this if they dont do proper gibberish to lure the customers and instead put the schemes on front page. Grin

They should at least try to look legitimate. Tongue

Flag has been supported from my end, hopefully this will bring this thread up and more DT can support it.
2897  Economy / Scam Accusations / Re: ataix.com scam on: November 17, 2021, 06:55:45 AM
already in my acct. tnx
In that case you should lock this thread now and add in a [Resolved] tag in front of the title so that other people who see this thread in the front page of "Scam Accusations" know that the problem has been solved and they can ignore the thread.

In either case, repeating what JeromeTash said, if you have a coin that is on less known exchanges, you can assume that may be some problems during the process of deposit/withdraw/tech support and so on. It is better to move to a better known exchange, you might even get better liquidity there. Having more than one exchange to sign up with gives its own advantages too. DEXs are always an option but liquidity is a problem there.
2898  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What resources do you use before investing your money in new projects? on: November 17, 2021, 06:48:35 AM
I mean sites, Twitter accounts, Telegram channels etc.
The most common source of information is also the most biased and hyped ones.

If you want to invest in a new project you need to have a prior understanding of how the market works and how projects develop. The rules of the IPO market dont apply much to crypto because here regulation and transparency is lacking in altcoins. Any advisor can just dump their tokens and cause sudden dumps in price and then the price never goes back up again, this is not seen in fiat markets.

Try to get in contact with the developers of the project and see what they are doing - if they seem satisfied with the work and want to develop it further, you should take it as a positive note. The team becomes very important when judging a project, do they have prior history of running a coin offering and was successful?

Whitepaper is the least important thing when there are hundreds of whitepapers available on the net one can copy and modify some of it to prepare a new one.

A major deciding factor is whether the project is actually solving an existing problem or not.
2899  Economy / Economics / Re: Crypto start-ups receiving copious funding on: November 16, 2021, 05:01:56 AM
Crowding projects are mostly scams and they take our money and forget about the development of the project. Some may be honest and good ones but it is difficult to find them.
Crowdfunded projects are another level of scams and searching for a project worth funding yourself means trying to look for a needle in a haystack, added on top the incessant hype-promotions done by "Influencers" only adds to the cesspool of information that one needs to go through before making a decision, very rarely can anybody make an unbiased decision to fund or not.

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Rather then spending on the crowd funding, i keep an eye on new projects listing on exchanges and then invest in the good ones.
Even if a project gets listed on an exchange, does that mean the project is worth investing in? No. Dont forget the term called delisting and exchanges delist coins when they stop getting their fees from the project or get a hint that the project might be a scam/vaporware. To be able to consider a project worth buying, you need to have contact with their developers and whether the project really solves a problem instead of beating round the bush. But this rarely is done by investors, they are all in it for the quick cash grab.
2900  Alternate cryptocurrencies / Altcoin Discussion / Re: What would you do with 20,000 Dogecoins? on: November 16, 2021, 04:55:01 AM
I would have suggested to sell for BTC, but since you already got that advice your next best bet is to hold the DOGE for its next price rise. You could buy ETH or some other coin, but do your own research before you buy any other altcoin.

If I were in your place I would sell them for something else even fiat if possible. I dont see any long term value in memecoins and so which are being rampantly hyped on every social media you can think of and this is a bad sign, a sign of forced buzz which indicates that the hype is inorganic in other words manipulated and fake.

They used the name of DOGE to promote themselves into something completely different from DOGE and who knows the real owners and what intentions they have? At least the creator of DOGE is still public and maintains a somewhat discrete figure.
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