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3021  Bitcoin / Bitcoin Discussion / Re: Where would you sell if you had bought 10 Bitcoin at $100? on: February 20, 2021, 04:00:39 AM
Honestly speaking, I could have sold the same number of Bitcoin when it got into around $10,000 since in most probability I could have failed to see that it would be reaching the $50K level as it is currently trading. Now, had it been by miracle that I am lucky enough to have survived the temptation to sell, then the way it is now I would plan to let go of my holdings when the price can be around $200,000...now the question is this: Will it be possible for BTC to reach that level of $200K within two years?
3022  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do you love Cardano? on: February 19, 2021, 05:10:25 AM

I am not actually into Cardano and it is unfortunate that I never focused some good attention to this coin which is making some impressive upward movements right now. Breaching the $1 level, things will start to unravel for ADA. I am sure that Cardano has many good features that attracted many users and players into its side. And I heard that it has a good leadership too always active in connecting with the community - a very good sign that this network is open, transparent and always innovative. I am sure that a bright future is waiting for the Cardano platform as it is now part of the top 5 along with Dot, Binance and Ethereum.
3023  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk Profited $2.2B Pumping DogeCoin: The blockchain analysis on: February 19, 2021, 05:02:20 AM
Just speculate and no solid proof at all.

How you can verify that $2.6 billion worth of DOGE coin belongs to ELON? IMO the wallet contains $2.6 B just a pure speculation and cannot be taken as proof this DOGE belong to Elon.

Unless ELON shares with the public how much worth he was holding.

I am agreeing with you on this. As for now, there is no way we can determine that indeed Elon Musk (or is it Elongated Muskrat?) made this money from his supposed manipulative support in DogeCoin. Not unless, of course, we can see an official disclose from the man himself. So that brings me to my question: Is Elon Musk or a company he is controlling required by law to disclose his involvement in DogeCoin and the amount of profits they made? His Tesla made the announcement for the big buy of Bitcoin but there is no announcement so far for DogeCoin except of course that tweet from Elon on his buying Dogecoin for his son.
3024  Alternate cryptocurrencies / Altcoin Discussion / Re: COINS THAT REACHED ATH TODAY on: February 19, 2021, 04:55:45 AM


This is a very impressive run. I am particularly looking at Ethereum, BNB and DOT which are my favorites right now though I have to admit that the rest of the coins are really worth investing with had I got some free funds to do so but I am also aware of the possible risks here. Right now, some of these coins have gone and take more records and there can be more as days go by. As predicted, the whole 2021 can be the year of immense growth and the time for the bulls to drive the bears away into the woods.
3025  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you get mad when the price of your cryptos go higher after you have sold on: February 19, 2021, 04:48:30 AM


Yes, this is a very normal reaction for anyone human but as what others are saying we have to move on from every transaction because it is just a big waste of time to be dwelling on our emotions. Had the coin dumped after the sell then am sure you will be celebrating in joy. Funny, isn't it? But this is a life of a trader and a holder. To really make a profit, we have to sell what we are investing into otherwise we can just look at our profits in numbers and maybe expect some good dreaming afterwards. And this is the reason why determining when to sell can really be so difficult especially when the market is still so rosy and climbing the hill...where is the peak of the hill is something we have to determine.
3026  Alternate cryptocurrencies / Altcoin Discussion / Re: I think POLKADOT is still really undervalued on: February 19, 2021, 04:39:00 AM
I have this funny theory that projects like DOT and ADA would have been closer to ETH by marketcap by now if not for the Binance Smart Chain. Binance was smart enough to pull a move under their nose Grin The've taken a lot of markets (DEX and DAPPS) that were expected to migrate from Ethereum.


In the coming months, it would be these four platforms - Ethereum, BSC, PolkaDOT and Cardano - that can be battling out for supremacy in terms of price, applications and users. Right now, I can see that indeed it is BSC that is getting more attention and has the potential to be winning the war, though the other three are also faring well. As to Ethereum, we have to admit that there are problems and cracks showing up though the market remains solid behind it. DOT has a good potential if they are gonna play well their cards and the same thing can be said on Cardano. I am excited how these four giants in the world of blockchain, DeFi and cryptocurrency will play out. And by the way, a big congratulation to the holders of these exceptional four.

3027  Alternate cryptocurrencies / Altcoin Discussion / Re: BNB is No. 4 on: February 19, 2021, 04:31:40 AM


Well, my case is actually a lot worse since I sold my BNB when it as just $5 years ago. Right now, it seems that there is no stopping BNB from claiming the $500 level as more and more are moving to the BSC platform in response to the problems associated with the Ethereum network. Some are even suggesting that one day BNB can be reaching the $1000 zone, almost rivaling that of Ethereum. Hmmm...will it be possible that we can be seeing a rivalry between Ethereum and Binance? That would be an exciting to watch.
3028  Bitcoin / Bitcoin Discussion / Re: Will Nigeria Come Late to the Bitcoin Party? on: February 18, 2021, 09:06:56 AM


Nigeria could indeed be the leading African country that can make it in the blockchain and cryptocurrency revolution...and it is very unfortunate that this potential is not being recognized by those in the government, and they instead focus on things they fear that might happen because of cryptocurrency. I am suggesting that people in Nigeria into cryptocurrency should open a dialogue with the government so that things can be threshed out and a win-win solution can be found and approved. Perhaps they should have someone who has a good reputation and influence to be their bridge in explaining their sides to the government.
3029  Alternate cryptocurrencies / Altcoin Discussion / Re: Rich on paper only while hodling? Are lending coins the way out? on: February 18, 2021, 09:01:10 AM


Yes, lending on a Defi platform can be one of the best ways to grow one's asset while still holding on. I think this is similar of an idea to commercial time deposit offered by banks, and this time with decentralized finance platform. And this can be the biggest reason why DeFi platforms made some killing in the market. I understand that we are in a dilemma right now. On one hand we have the desire to at least taste some of the fruits of what we are working for yet we could not decide to sell today because we are thinking that for sure the price can keep on growing and growing in the following days and weeks...
3030  Bitcoin / Bitcoin Discussion / Re: Rise of Bitcoin, Fall of Dollar on: February 18, 2021, 08:50:59 AM
Of course, this is happening right now because we are in the midst of the bull run where the demand of Bitcoin is outstripping the limited supply. Had it been the case with the dollar, then its value will also be rising. However, we also have to understand that there is nothing guaranteed here, nothing can say that the bull run will be staying until when. When the bears can have the chance to dominate, then the price of Bitcoin cal fall. And this is just natural since we are in an open market. Which will have the last laugh remains to be seen...because as always anything human invented has always a darker side into it.
3031  Economy / Scam Accusations / Re: "BTC giveaway" scamming sites get mind boggling BTC inflows... on: February 17, 2021, 01:47:02 PM
Scammers could be sending money to themselves in order to encourage others to do so. So, you can never know how many coins they have truly received - always remember that Bitcoin is pseudonymous and anyone could be behind the sending address, even the same person as the receiver.

I think of the same too as that can be like a testimonial that there are many people who are trusting them. I just saw another scammy site being promoted on Twitter and that is using the image and name of Lindsay Lohan who recently came out in support of cryptocurrency days ago. Oh well, these scammers are always using big name and famous people to lure innocent and naive victims to their scheme. But they can never fool us who are always looking out for news here in this forum. Education is always the key against scams.
3032  Bitcoin / Bitcoin Discussion / Re: Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply on: February 17, 2021, 01:38:36 PM


This is a big manifestation of the kind of interest that institutional firms are showing for Bitcoin, and I am expecting that in the following months of this year 2021 more can be coming open that they are already a big part of the Bitcoin party. This can be the big reason why instead of having a healthy correction, Bitcoin instead made a home-run towards $50K and beyond. Such is the power of big money to push Bitcoin to levels which it has never threaded before and with the waking up of the retail investors there can be convergence of factors here...putting Bitcoin on a rocket towards the moon and beyond for sure.
3033  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will bitcoin cash overtakes etherum due to its unstable price [ new ] on: February 16, 2021, 11:35:08 AM
I am not saying I can really predict the future but for now I don't see any reason for BCH to be overtaking Ethereum. I, too, am quite disgusted by the high gas fees charged to Ethereum network users because I firmly believe that this is not what cryptocurrency should be. We assume that by using cryptocurrency and the blockchain, moving funds can be faster, cheaper and really efficient but this is not happening right now with Ethereum. Sadly, some people are making big money out of us for the same service rendered. What a shame. However, despite this reality I don't think BCH has an iota of a potential to be taking the crown by Ethereum. Just look at why Ethereum rose to the rank, and you can see why...it is all about the function or use-cases.
3034  Bitcoin / Bitcoin Discussion / Re: one Satoshi is equal to a one Satoshi on: February 16, 2021, 11:17:14 AM
Congratulations, dear ones, the future will remember you as the pioneers of the digital world. This is what I want to tell you is a personal opinion.
In my opinion, Bitcoin is still the first way and like all other technologies, it is opposed first and finally matures with the acceptance of the general public.
I guess the higher the price of bitcoin, the less the price fluctuates, and this is the best tool for storing values.
The prices will only stabilize if people stopped auctioning bitcoin at lower prices which causes the winners to sell it at an exchange price. I agree that we are still far from being accepted by the general public but the current situation of bitcoin makes the recognition ever closer. I disagree with you on the reasoning that the prices fluctuates less when the price are higher, the reason the prices are higher is because of supply and demand.
Conclusion:
(a 1 Satoshi is equal to a 1 Satoshi)
What does this mean?


Does OP mean 1 satoshi equals 1 dollar? I am not sure though. Anyway, I also disagree that the higher the price of Bitcoin the less its volatility will be. I am not sure when we can experience less volatility with Bitcoin - as for now nobody can really tell what the factors that can lessen its volatility. Volatility is an argument why there are those who believe that it is not good for Bitcoin to be replacing the dollar in international transactions. Let's see what can be and just watch developments surrounding Bitcoin.



3035  Economy / Speculation / Re: Btc Halving Effect + Elon Musk Effect + Institutional Investors' Effect. on: February 16, 2021, 11:07:08 AM


The three factors enumerated above are indeed the catalyst for the recent and ongoing bull run we are experiencing right now. And this is not just one factor but all three making like a whirlwind and falling at the right time and right place. The halving happened months ago, but there was no immediate rise but when institutional money started trekking in that was the time that the spirit of Phoenix rose and then the force is taken to the max by the involvement of Elon Musk. The convergence of these factors pushed Bitcoin up and right now there is another trend that is coming and that is the increasing interest of the retail investors -- the cause of the last bull run in 2017/2018.
3036  Bitcoin / Bitcoin Discussion / Re: Rumours that Bitcoin was created in Russia on: February 15, 2021, 12:27:32 PM
Rumors can't be trusted easily but if btc is really created in Russia then the question is, why they hide it? What is there reason? Bitcoin has been widely accepted already but the origin of bitcoin is still unknown and also the creator of it is not responding at all. But I am pretty sure that they have a very deep reason why they hide their identity as a creator of bitcoin, either it is because of politics or something deeper.

This and other types of rumors are good for entertainment only and can be put people who love conspiracy theories on the edge of their seats. As for you and me, a rumor should be taken as like that...a baseless rumor. First, Russia don't have a love affair with Bitcoin and if it is true that Putin created should we not expect him to be the top evangelist of the coin and not Elon Musk? Putin is a control freak and creating something like Bitcoin go against his personality. In case Bitcoin was created in Russia it must never be Putin. Well, all of these things can only be clarified by one man named Satoshi Nakamoto and no one knows where he is now and if he is still alive or already dead. Was he kidnapped by the Kremlin instead and maybe imprisoned in the room next to Putin's?
3037  Bitcoin / Bitcoin Discussion / Re: Intrinsic value of Bitcoin and Gold on: February 15, 2021, 12:21:45 PM
I understand that there will always be a debate whether Bitcoin has an intrinsic value inherent in itself especially in comparison with the real physical gold. Actually, I don't approve that gold and Bitcoin has to be compared side by side. They have different uses and both have different advantages and disadvantages as well. On the other hand, there is also no need to belittle gold as it is one of the most known precious metals and no matter what I think it will never cease to exist in the market unless of course the end of humanity is soon to come and in which case Bitcoin can also be gone.
3038  Bitcoin / Bitcoin Discussion / Re: Can you say you made money if you never actally sell your coins? on: February 15, 2021, 12:15:51 PM
By money, you must be referring to the fiat cash, so that means you are going to convert your Bitcoin into maybe USA Dollar, just an example. Of course, we can argue that Bitcoin is actually functioning like money too, so there is no need to cash it out for one to say he made money with Bitcoin. Now, this all depends on how one is viewing things. We can therefore say that if Bitcoin's value is rising against the parameter which is the dollar, you are actually making money, but it exists on paper, or maybe we can say on a digital form. I think this is the common viewpoint of many people involved with cryptocurrency here in my country and this is how many countries are viewing also especially in connection with taxes.
3039  Bitcoin / Bitcoin Discussion / Re: Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm on: February 14, 2021, 03:42:08 AM


Morgan Stanley will not be wasting their money on anything they are not sure to produce big rate of returns, and I am sure that they are now studying when they can enter Bitcoin at the most advantageous time. This group has a strong tendency to make good choices and can see trends  and make money out of those trends. Certainly, the whole cryptocurrency industry is welcoming the presence of Morgan Stanley as this can certainly help Bitcoin to go up some more. This must be one of the fruits coming from the Tesla involvement with Bitcoin and the endorsement of no less than Elon Musk.
3040  Bitcoin / Bitcoin Discussion / Re: Can China takeover Bitcoin network? on: February 14, 2021, 03:35:23 AM
I used to worry or be concern with the fact that majority of Bitcoin mining is coming from players in China and most of the mining equipment are made in China. However, I realized that in case China will decide to be stupid and make mining in their country controlled and run by the government they are just wasting their time because most probably miners from other sides of the world will just be taking over the business. In fact, this can be the big reason why China did not eventually ban Bitcoin mining because doing so is just shooting their own foot. Bitcoin mining is brining in important foreign currency to the Chinese economy and stopping it now is not going to be advantageous...however we can not predict what can happen in the coming years though. For now, there is nothing to be alarmed with.
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