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3041  Other / Beginners & Help / Re: Mistake I made till now investing on crypto projects. on: May 04, 2022, 01:15:58 AM
These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.
Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies.  

Of course, all investments have risks. With that being said, there is really no guarantee that investments would result into a positive ROI. However, you cannot lump all investments together as one as if they are all the same. They differ in terms of potentials. They differ in terms of the level of risk. They differ in terms of track record even. And if we take all these into consideration in terms of crypto investment, it would come out very obvious that Bitcoin is generally a much better option than altcoins.
3042  Other / Beginners & Help / Re: Bitcoin is the new HOME on: May 04, 2022, 12:54:44 AM
Correct me if I'm wrong but Satoshi did not assign any fiat value to Bitcoin. That in itself means Bitcoin cannot be overpriced.
You are not wrong, Satoshi didn't assign a fiat value to bitcoin, but then without tieing bitcoin to fiat value, how is btc going to be valued or weighed?
Will you say that its value will be tied to assets like Gold?

I'm not saying we should not be assigning fiat value to Bitcoin. All I'm saying is that Bitcoin cannot be overvalued on that basis. After all, what or who can avoid being valued in terms of fiat? Nothing and no one. Even a human person has a price estimate in terms of fiat. But the point is, unlike altcoin projects which are too proud to assign prices to their tokens without subjecting them to the market's assessment, Bitcoin's price is solely determined by the market.

Although there might come a time when 1BTC = 1BTC prevails more than 1BTC = $___.
3043  Bitcoin / Bitcoin Discussion / Re: Bitcoin donations no longer welcome on Wikipedia on: May 02, 2022, 04:01:15 AM
There you go, that's the direct result of having a currency that appreciates. Of course, a currency is meant to be spent. That's the intention. That should be easy with fiat. The fiat designers make it certain that people will spend their money. So it has to lose its value over time. That's not the case with Bitcoin. So the spending of Bitcoin is limited to what is necessary. The rest, people prefer to just HODL.

I guess donating to Wikipedia with Bitcoin has become less urgent nowadays, especially if compared to donating to the Freedom Convoy in Canada recently or to the freedom cause of Ukraine and other humanitarian efforts there. But I wonder, why does Wikipedia have to remove its Bitcoin donation option? Why don't they just leave an address? Does it cost them to do that? I'm sure, though, that by the time Wikipedia's existence is seriously threatened by the lack of funding support, Bitcoin donations would flow. Or so I hope.
3044  Other / Beginners & Help / Re: Bitcoin is the new HOME on: May 02, 2022, 03:21:27 AM
Correct me if I'm wrong but Satoshi did not assign any fiat value to Bitcoin. That in itself means Bitcoin cannot be overpriced.

How about altcoins? They have the gall to say our token is worth $0.50 or $2 or whatever apiece right from the get-go. After a few or several weeks, months, or years the price plummets to near 0. That's the real value of their tokens because that's the value dictated by the market.

In Bitcoin's case, the people or the market are the ones that solely determines the price value of Bitcoin. So whether it appears overpriced or not, it is not a big deal. What can we do if that's the actual price the people are willing to pay to have it?
3045  Economy / Economics / Re: What crypro / tokens has the most utility ? looks like all are useless on: May 02, 2022, 02:26:40 AM
If fiat serves as a storage of value to you, then that's a real utility. But other than that, you can buy almost everything with Bitcoin, from a cup of coffee to pizza, apparels, groceries, meals, and even a piece of land, apartment, house, cars, and so on. You can pay bills with it, even your taxes. You cannot do it everywhere, of course. But you must also understand that adoption takes time. You know, fiat is hard to go up against.

In addition to that, remittance is another area where Bitcoin has valuable utility. And try moving millions across borders with your gold, it isn't as easy as doing it with your Bitcoin, and for a very small fee.

All these things you can do with Bitcoin, in the real world. But if you want to demand for an actual and physical utility of Bitcoin just like your fiat's function as a toilet paper, then you're asking a worm to fly. That's why Bitcoin is called a digital currency, my friend.
3046  Economy / Economics / Re: Crypto Exchange Bans Relatives of Top Russian Figures on: May 01, 2022, 09:12:06 AM
That’s really bad for all Russians. If such big personalities are not able to get hold on to their own accounts then think about the common users of binance. Since most of them might have done the KYC already they all will be busted one by one as per new binance announcement. Similar goes for the IP based account access via Russian territory.

However, I feel like there is no mistake of the common users who might never have imagined that their leader would break a war against any country. Poor peeps might just loose all the funds for nothing.

These individuals are not to be compared with ordinary Russian Binance users. These sanctioned individuals are relatives of either Russian oligarchs or high-ranking Russian government officials. Binance is apparently under legal pressure to sanction them, but they are not as regards ordinary Russian citizens.

Anyway, why would ordinary Russians lose their funds in Binance for nothing? Nobody is confiscating them. But they should know better. First, Binance is not a storage to safekeep their funds. Second, the circumstances of the time make their Binance and other centralized exchanges' accounts more uncertain and less secured than ever. They must be aware that all of them could be targeted by unfair sanctions anytime so they should pull out their funds as soon as possible.
3047  Economy / Gambling discussion / Re: Hard earned money - Busted in seconds on: May 01, 2022, 07:39:19 AM
You must have been with gambling for quite a while and yet sometimes you still lose control of yourself and your urges. There's no one to be blamed, of course, but yourself. However, it's not just you who have gone through such experience. I myself have lost patience and made huge bets without any kind of analysis all because I had a losing streak. I have this urge to blindly and desperately gamble with bigger amounts whenever my bets are losing one after another. But the only difference here is that you are gambling with a money intended to pay a debt. That's a big no no for me.
3048  Other / Beginners & Help / Re: Luck and the market trend. on: April 30, 2022, 02:03:36 PM
The Bitcoin market is generally unpredictable. So whenever a prediction based on a technical analysis turned out right, there must be a certain amount of luck involved. Of course, this is not how many traders look at it. There's a respected trader in my country who believes that everything could be seen on the charts. Personally, though, I think the chart would help you make sense of the current price but does not really tell you much about the future price, although, of course, it somehow guides you. At the very least, charting would give basis to your orders, that your calls are not simply blind guesses.
3049  Bitcoin / Bitcoin Discussion / Re: Where Bitcoin has been googled the most? on: April 30, 2022, 03:39:21 AM
It's ironic that the No. 1 nation on the list accepted Bitcoin as a legal tender, while in the second Bitcoin is not accepted by the government and actually is banned in bank transactions. This goes to show that the while government acceptance helps to make citizens more receptive of Bitcoin, the citizens can choose to adopt it regardless.

Not really that ironic. Whether you accept Bitcoin or ban Bitcoin, it means people would want to know about Bitcoin. To anybody who hasn't heard of Bitcoin yet or to one who has heard but hasn't really known it, a ban or an acceptance as a legal tender would somehow pique his/her curiosity about Bitcoin. That would lead him/her to search for it online. This is why a criticism, a tirade, a ban, even a condemnation of Bitcoin is still a promotion of Bitcoin so to speak.

But trying to know and understand Bitcoin is not adoption, although there is a probability that learning about Bitcoin leads to embracing it.

Quote
I do not know much about the other countries on the list, I have read that Switzerland is friendly to Bitcoin. And in Canada, there was an incident recently where the gov't was freezing accounts, could that play a part in the search boasts?

It must have contributed to it. The City of Lugano in Switzerland has hit the headlines recently for accepting Bitcoin as a legal currency. In Canada, on the other hand, Bitcoin came into the fore during the truckers' protest because the banks suddenly froze bank accounts connected to the protesters. Bitcoin became an alternative for donations. In both stories, Bitcoin must have made a lot curious and led them to search for it on Google.
3050  Other / Beginners & Help / Re: Mistake I made till now investing on crypto projects. on: April 30, 2022, 02:51:09 AM
These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.
Since altcoin market has been the playground of scams, no matter how promising the project is, there are always high chances that it will end up as scam and that is inevitable. I guess the best thing we can do is to always make an in depth research first deciding to invest in a project. Trace the background of the team that is running the project, if they have made successful projects prior to that. That way, we will have an idea whether to trust them our hard earned money or not.

An in depth research is not even a guarantee. Billions were lost during the height of the ICO craze. I'm sure investors, especially angel and institutional investors, made thorough research before releasing a good amount of money. But many of them failed to make ROI.

I can still remember the most common advice in hunting for a good project to invest in was to carefully check the background of the development team. Many did not fail to do this. I myself was diligent enough to do this. An excellent development team is probably one of the reasons why some ICOs in the past would reach their hard cap so easily. But where are the projects now? Most of them are probably dead.
3051  Economy / Exchanges / Re: cryptocurrency exchanges on: April 29, 2022, 03:21:30 AM
There are so many factors to look into.

1. Assets listed
If you are into trading so many pairs then Binance would lead but Bybit is trying to catch up by also listing so many trading pairs lately.

2. Liquidity of the asset you want to trade
I would choose a platform with much higher trading volume and liquidity if I wanted to trade a specific asset

3. Fees
Both trading and withdrawal fees can lead me to use or avoid a specific exchange.

For example, I used to avoid HitBTC because of very exaggerated withdrawal fees. FTX is a good option if you want to save on withdrawal fees.

4. Security
I usually go for platforms that have had a good security record

In addition, the particular kind of trader you are might also be a factor. Your choice might differ if you are solely focused on day trading or if you are more interested in futures and margin trading. Your risk tolerance might also matter.

Also, I guess track record beyond security will also be considered. There are a lot of exchanges out there that are known for wash trading and fake volumes. There are also those that have a lot of unresolved complaints on account freezing and blocking.
3052  Economy / Exchanges / Re: Uniswap Starts Blocking Addresses Linked To 'Blocked Activities' on: April 29, 2022, 02:49:01 AM
Is decentralization a commercial term used to get money or a concept...

Yes, definitely, it is a heavily prostituted keyword which is exploited obviously for the sake of keeping up with what's in and cool nowadays.

Unfortunately, I'm afraid it seems people are more easily convinced with the decentralized banner because it involves more than a little technical knowledge to actually scrutinize whether or not a platform or a project is truly decentralized.

Is there an easy way to tell whether a platform like UniSwap is truly decentralized or not? Or do ordinary people have to wait for instances like this to finally determine that such a platform is indeed centralized? Do they have to stumble upon key terms such as block, freeze, ban, and whatnot in the news to finally realize that something's wrong with a particular platform claiming to be decentralized?
3053  Economy / Service Discussion / Re: Do you think that some signature campaigns prioritize clients in some cases? on: April 29, 2022, 02:27:39 AM
There are probably various factors involved, but what is certain is that merit to activity ratio is not the main barometer. It has to be the posts.

For instance, a signature campaign is launched promoting a casino. Somebody applies with low activity but abundant merit, albeit earned mostly in sections, boards, and threads like reputation, scam accusation, meta, wall observer, local, off-topic, and so on.

I haven't been a manager myself, but if I were in the shoes of the manager, I won't be picking him/her. I would be picking somebody else who's got high activity but very low merit but who is so active and constructive in gambling discussions. After all, it is where I want my brand to be most visible.

In my observation, merit is not that easily earned in gambling discussions.
3054  Other / Beginners & Help / Re: Bitcoin an angel in disguise also reasons to cry on: April 29, 2022, 01:54:39 AM
The truth of the matter is that Bitcoin doesn't make anybody cry. You can actually never go wrong with Bitcoin. It is a decentralized, immutable, censor-proof, transparent digital currency. It will always be better than fiat. So it is not Bitcoin per se that made somebody cry; it is the speculation of its price which, ironic as it may seem, is not really a part of its features. Now, since people are looking at Bitcoin's speculative price more than its features, it is inevitable that tears will fall. But there's always a solution that. Develop diamond hands.
3055  Economy / Economics / Re: Russia suspends gas supplies to Poland and Bulgaria for failing to pay in rouble on: April 29, 2022, 01:37:48 AM
This certainly must have harrowing effects on both Poland and Bulgaria. However, I don't believe both countries were not bracing themselves for this possibility. In the first place, that they remain adamant not to pay in rubles means they could survive without Russian gas. On the other hand, Russia is only expediting the process of European countries' weaning themselves from Russian gas supply. In so doing, not only is Russia isolating itself more and more, it also losses leverage. This counter sanction has its return damage.
I think, that seems like a double-edged sword if they are determined to push the risk higher.  That seems to be the engine behind the 24% increase in European gas prices following the news that Russia closed gas valves to Poland and Bulgaria.  Also, it looks like Finland refuses to pay gas prices in rubles but I think in the long run they don't really seem ready to be so assertive if they don't have ample gas reserves.  Assuming Putin decides to prolong this scenario, The direct damage is huge if they don't have much incentive for the gas supply to support, the risk of massive inflation continues to cripple the global economy.

Yes, and although the conflict is basically happening in a single country, the ripple effect in this age of globalization is far-reaching. As a matter of fact, even before the issue of suspending gas supplies to some neighboring European countries, the price of gas products in a small nation far away in South East Asia has already increased. The last time I bought a 250-gram butane canister, the price was already $2. That's an increase of around 25%. That's not even a direct effect of this conflict.
3056  Bitcoin / Bitcoin Discussion / Re: Fort Worth Becomes First City to Mine Bitcoin on: April 28, 2022, 04:09:37 AM
I don't think we should react to this as if this is some kind of a big deal. Of course, this is actually nothing when it comes to the actual hash power that it would contribute to the network or even to its profitability. This is definitely more symbolic than technical. I doubt this is even a serious official endeavor of the city. It would be funny if the city is indeed seriously pursuing to mine Bitcoin by starting with a few obsolete donations. It's more of the message or the statement. This is more of the newsmaker's fault to banner it like this.
3057  Economy / Exchanges / Re: Strike says its free to send money via Lightening - how is that possible? on: April 28, 2022, 03:07:59 AM
Please anybody correct me if I'm wrong, but my understanding is that free here doesn't mean you won't have to pay anything. Free here means Strike doesn't charge you anything for their services, so you're not paying the platform at all. However, network fees are beyond Strike's services. And so the network will still charge you for your transactions. Unlike other platforms, however, whatever fees you are paying aren't padded for profit or revenue. As regards BTC to fiat conversion and vice versa, it's still determined by the market.
3058  Bitcoin / Bitcoin Discussion / Re: Sending Crypto to the wrong address on: April 28, 2022, 02:52:05 AM
I think I never typed an address manually letter/number by letter/number. If that's the case, I think I would be convinced to use a helper. But since that is not the case as I only copy and paste an address or use a QR a code, I don't think I need a helper. Copy pasting is a very small task. All I need to do besides that is to verify that the address is the right one. And it only needs comparing the address' handful of characters in the beginning, middle, and end.
3059  Economy / Economics / Re: EU suggests we should all go eco and sing kumbaya on: April 28, 2022, 02:13:33 AM
Don't react too much. Don't show your naïveté by emotionally reacting too much to the words of leaders. You're probably not born yesterday. Words are cheap. Don't worry, there'll never be a third world war simply because leaders are preaching better food. If you believe that healthy food is a priority more than food production in general, you're naïve. Organic farming, bycatch-free fish products, free-roaming livestock farming, human and humane farming and slaughter practices, and the like are more words than practice. Take them with a pinch of salt.

Its too early to say there will be WW3 all because of this shit. Whats sing kumbaya? Maybe he really needs to provide recent link of this news.

Hunger however ignites social discontent and revolution against the government and the government will have to act or there will be anarchy. One solution that they'd do is  invade a country. Putin seem to have done it when their waters are slowly taken from them. The dam in Ukraine was deliberately created to choke Russia of water supply.

The doomsayer like this channel for example https://www.youtube.com/watch?v=GTJIz7bh3kE is making it a lot scary than OP.

Well, hunger could spark a war, yes, but the urge to go organic farming definitely won't cause hunger, unless inorganic farming would be criminalized, which is impossible to happen. So this is just OP's too much imagination of what's been preached by certain leaders.

We all love the environment. We all love healthy food. We are all supporting the best ways and practices of growing food. But all these are not as important as food itself.

This is actually not bothersome at all. Perhaps we will begin to worry when spams and chips and sausages and hotdogs and fast food chains are declared illegal.
3060  Economy / Economics / Re: Russia suspends gas supplies to Poland and Bulgaria for failing to pay in rouble on: April 28, 2022, 01:55:27 AM
This certainly must have harrowing effects on both Poland and Bulgaria. However, I don't believe both countries were not bracing themselves for this possibility. In the first place, that they remain adamant not to pay in rubles means they could survive without Russian gas. On the other hand, Russia is only expediting the process of European countries' weaning themselves from Russian gas supply. In so doing, not only is Russia isolating itself more and more, it also losses leverage. This counter sanction has its return damage.
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