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3361  Economy / Economics / Re: What would a Crypto-only economy look like? on: May 23, 2020, 12:16:01 PM
While all of this seems to be more of a dream than anything else, there's a possibility it could happen in the future if people lose trust in governments, central banks, and conglomerates alike.

There's a very little possibility IMO.

Look at the country that loses their trust to their government, the country is not progressive anymore and there's a lot of crime happening.
We don't want that to see in the future, that's the reason we elect government officials to implement the law and govern people.

Fiat will remain, bitcoin or crypto might grow but it will not be as acceptable as fiat, there's a limitation on using crypto as whether we like or not, we are still subject by the law which the government has the power to implement it, and let us not think if they still believe they have the trust of the majority, they will always put their interest which they think good for the many, and IMO that is not crypto.
3362  Economy / Gambling discussion / Re: Gambling hiding, rules ignored. on: May 23, 2020, 11:25:16 AM
I think this only happens fo such big persons including some authorities, governments, etc. As we all know some gambling casino are handled by some government so in order for them to still earn money with this pandemic virus they are still open the casino gambling, which is really not a good idea for me, there would be a high of risk spreading on the casino gambling if they are gambling, of course as we all know gambling could be crowded at any time and they are next in line with each other, some would not follow the social distancing because they only want to gamble and don't mind some risk of doing it.
The government will allow the casino to start operating but it will not be secretly done, government are suppose to be transparent, they created the law and they implement it, so if it's really coming from the government, they don't need to hide it. Tax is a public thing, the public are aware of it and we know how much the government have collected from certain businesses including casinos of course, so no government that is not corrupt who would do these things, otherwise those agency that monitor it might be at risk of getting sued.
3363  Alternate cryptocurrencies / Altcoin Discussion / Re: Resist all temptation to fomo on: May 23, 2020, 10:59:40 AM
I think I would understand if you fomo for top coins especially strong ones like bitcoin and ethereum but fomo for altcoin? I don't get it.
Top coins means you already included altcoins on it because there is only one coin in the market that is considered as bitcoin, the rest are called altcoins and there are thousands of coins listed in the altcoins market.

In addition, speaking of FOMO, it happen not only on bitcoin but on altcoins as well, in fact if you remember, during the last bull run where FOMO was evident, bitcoin wasn't the most profitable but some coins in the altcoins market.

You can make it even with the top coin if you didn't buy it at ATH. For altcoins with low volume and liquidity, once it falls, very hard to recover back.

That's the gamble we have to play, with very less liquidity price could be more volatile, and if we fail we will be a bag holder in the end.
Hence, if you are afraid of taking a high risk, better stick with bitcoin or altcoins with good liquidity in the market.
3364  Economy / Gambling discussion / Re: Is Crash game more risky ? on: May 23, 2020, 02:00:46 AM
A good way to humor this is that if a game was low risk and high paying, it would not stand for long. Cheesy

Correct, if we compare it with crypto investing, it's like investing a coin that has a very low value now and you think it will rise in the future, therefore you risk now but it's considered a very high risk.

Everyone should put in their mind that anything or any game that has a house edge, it will never make a gambler win consistently in the long run.
Games can be fun, and we think we like the game and we can win it, but sometimes we forget our real chances of winning, so we lose in the long run and that's the only time we realize that it's because of the house edge.
3365  Bitcoin / Bitcoin Discussion / Re: Shower thought. If nations/states/governments are accumulating Bitcoin, then on: May 23, 2020, 01:36:11 AM
It's hard to say they are holding because as a government, they should be transparent on how they will manage the wealth of the nation.
Also, it's kinda odd that a government who like a centralized policy investing in a decentralized system, if they would like bitcoin to be a success in the future, then they should be legalizing everything to give way on improvement of the adoption process.

Bitcoin has always been an speculative asset, being a store of value is sometimes makes people doubtful due to its price volatility.
3366  Economy / Economics / Re: Probability problem heads or tails ... on: May 21, 2020, 06:21:02 AM
This thread belongs to the gambling discussion I guess.

But anyway I'd like to give my opinion, this is a very simple question but we can find a lot of information about its probability, at first look, you can tell that the probability is 50/50 but actually it could be not because depending on the form of the coin, the head and the tail is not always equal, or the other side could be heavier.

you might be interested with reading this article - https://www.ripleys.com/weird-news/coin-toss-or-not/
3367  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I sold 32 Eth for BTC...now I’m wanting those Eth back. Wait? on: May 21, 2020, 05:26:54 AM
Now holding bitcoin is good, but having ethereum is also good going forward. I think maybe you can buy ethereum in half and leave the other half for bitcoin.
I think it's better if he must wait for the signal that will appear in the market before try to convert back his bitcoin into the ethereum. there are so many big news that can be used to bet on ethereum but the problem is he must not take the wrong position to be able get the profit from the bullish trend.
The drawback of this method is, when the signal appears, the ethereum price may pump and be late to buyback. maybe he can buyback, but the amount will not be more than 32 ethereum. Think about it now, however, the current situation is still difficult to predict.

I think OP has another extra funds to buy 32 ETH if in case his BTC is not enough to buy 32 ETH.
The only important here is if we believe that ETH will pump, once the ETH 2.0 will be launch, we can always consider buying ETH at any moment now since the price is still cheap, if you have that instinct just go for it as sometimes it could hunt you when it will lead to a big regret of not buying.

It's all about instinct because in reality the market is very unpredictable.

I guess what I’m saying, Eth is at $212 right now...do you think we will see another dip below $200? Just curious thoughts.

As the schedule is approaching, I would not expect for ETH to drop below $200, but I could be wrong, it's really up to the OP and he should based on his personal analysis and not from random people.
3368  Alternate cryptocurrencies / Altcoin Discussion / Re: McAfee Introduce a new privacy coin on: May 21, 2020, 03:32:05 AM
This is just a waste of time, McAfee is done with crypto, his reputation is already ruined, someone needs to educate him that it's not anymore 2017 now, his era is over and people have matured now and they learn from their past mistakes.

I will wait until the end of 2020.. if this is true, then maybe I will start believing him again.

McAfee Explains ‘Rationale’ For Why He Still Sees $1 Million Bitcoin By 2020
That prediction is too much and McAfee is ruining his own reputation ever since, and this is not the first time he introduce a shit projects and for sure this will fail again for the investors. I don't waste much time for this guy, he's auto mute for me but since there's a lot of thread about this guy I think we are just helping him to mess around here in the forum. Let's not listen to this guy if you want to save money, this is totally not worth it.

That prediction might not be too much if that is not coming from McAfee, the problem is he does not have a reputation anymore, so whatever he will say, people will not believe on it. It's true that he has predicted the right price before, but it doesn't mean he will be right again, and looking at his past mistakes, it will just file up that people can no longer believe in him, maybe there are still some who will believe but sooner or later they will also become as one of his haters.
3369  Bitcoin / Bitcoin Discussion / Re: ₿ Bitcoin Halving Attracts World Attention on: May 21, 2020, 03:11:31 AM
I witnessed the pump, but it seems like it's already over now.

When there is a big event in crypto, people usually make an speculation and its good if Media will be attracted as well as it would help to bring the hype higher. As we can see, bitcoin is now struggling to break $10,000 and that is because the hype is already over.

At the moment that bitcoin is still not that stable, I believe it will  only just move side ways or pump and dump which we can always take advantage of instead of panicking. My way of enjoying bitcoin's volatility is to always buy at dip and when there's a big event happening, I always buy the rumor and sell the news.
3370  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Way To Make Money From Crypto In 2020? on: May 21, 2020, 02:43:28 AM
I think everyone is agree that 2017 was a golden era for bounty hunter. Its full of potential projects and give us huge profits. But, for now i think investment on bitcoin or eth is a good choice. Most of ICO are scam and it cant be trusted anymore.

Investing does not easily give you money, you refer to 2017 which is a golden era for bounty hunter, then I guess bounty hunters are still looking for that same situation where they will not invest but they will just earn without risking any money.

Time will come that the market will be bullish again but actually when the market is not bullish, we can't expect we will be able to earn a good amount from bounty hunting, we need to adjust and change our strategy, investing is good if you have a capital but if not, better find a job outside crypto since as of the moment our earning in crypto is very unstable.
3371  Economy / Speculation / Re: The excitement is over, what's next? on: May 19, 2020, 01:23:45 PM
Still there is no clear sign whether the price will move upwards or in the downwards, it just keep dancing for now from $9300-$9800.

Hope it will clear the barrier of $10K resistance level soon.

 Grin Do you think that a situation is possible when there is a "clear" signal where the price will go? This is a market, and here there are a lot of completely different factors that cannot be predicted/calculated. And as you can see, the price was already above 10k and after that it just as easily dropped below this level of "support".

As I said still I don't get a signal whether the price will move up or down since it just hanging in the price region.I thought we will go back $8000 immediately after the halving but it is yet to happen so still waiting for the price movement in the coming week. Hope it will be a green signal. Smiley

Breaking the $10,000 resistance maybe a clear signal for you right? Since Bitcoin is struggling to break that figure base on the price movements from the past couple of days going back and forth from that specific range you've mentioned.
Still, the market remains unpredictable even If it will break the resistance or fall to a support level.

At least bitcoin did not dump, so I guess it's any time bitcoin could pump to $10,000 again because it was stable at over $9k range in the past few days. I did dump a bit after the halving, but look at the price now, what's the reason why it's still pushing uptrend, maybe we can consider that bitcoin is due for a rise post halving, but like you said, it's very unpredictable but let's just continue to believe as bitcoin is a kind of asset that always surprises us.
3372  Bitcoin / Bitcoin Discussion / Re: How big is Bitcoin compared to all world's Money?? on: May 19, 2020, 01:10:39 PM
I would like to believe that bitcoin will grow in the future, this is a currency and investment that anyone can use.
it's a global currency, so it should be bigger than a currency of the certain nation, if some experts believe that bitcoin will rise $100K to $1 million, then we should expect it will make the founder and the big holders one of the richest in the world if not the richest.

Making satoshi to be the richest in the world would already put bitcoin in the map and it will lead to big adoption.
3373  Economy / Gambling discussion / Re: Mayor Of Las Vegas wants the whole city open, including casinos and stadiums on: May 19, 2020, 12:41:34 PM
As long as the speed of spreading of the pandemic slows down, the situation within the country and the state within the state are not controlled
It seems like the rate of the people infected with the virus is not slowing down and even if it slowed down but they have the biggest in the world with over 1 million people infected with the virus, without a proper measure, the virus will easily spread, therefore if the government has no measure to prevent the virus from spreading, they better not force opening this kind of establishment too soon.
3374  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do buybacks increase the value of a cryptocurrency? on: May 19, 2020, 12:22:00 PM
This is a risky move after the distribution of the tokens what if the they didn't list in an exchange? Is in that a scam? I am strictly against it..


Based on my experience in a project that I participated in the past, the buy back usually happen in an exchange, they will set a rate and the number of coins that they will buy back, so investors that does not anymore trust the project, they can sell their coins and leave, but for some, they might continue holding and wait for the project to be more develop or wait for the next scheduled buy back.
3375  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin do you trust, BNB or ETH? on: May 19, 2020, 11:56:46 AM
Both have different functions so I think you don't should compare binance with ethereum. bnb is famous for fees on binance exchange etc ... different from ethereum which makes wider transactions, I'm a bit confused explaining in more detail.
the most obvious thing is that binance heavily dependant on binance performance meanwhile eth is truly decentralized and have no ties to any exchange out there making it a lot difficult to crumble meanwhile if binance is done because of some problem the BNB will also crumble.

So what would happen to ETH if less project will use its platform, it will not grow, right?

BNB is an exchange token but it's not heavily reliant on Binance since it can be use for online transaction as they have their own blockchain already, they develop their own because they are planning to compete with the best platform in the market, decentralized or centralized, for me, it does not matter anymore since its about on how people will see the future of project.
3376  Economy / Gambling discussion / Re: Do you keep a spreadsheet for you wins and losses for tax purposes? on: May 19, 2020, 11:39:54 AM
I did not do this, because my country does not have strict tax rules

tax is indeed an obligation but not in all countries have strict rules, maybe in your country, you must record your wins and losses in the spreadsheet for tax purposes, you are very tax-obedient
If that is the case, I think we don't have to gamble because we should report the spreadsheet for the tax to the government. Or we can use crypto gambling online to playing gambling, and we don't withdraw for some time the win money, and we could withdraw by the help of someone who will send the money to our bank account. People will find a way to hide their money to avoid the tax.
Lol even Bigtime gamblers don’t do such thing (not unless maybe those businessmen where they need to have record for their own managing) but I believe that gamblers usually deny to learn how much they lose instead loving their winning amount.
I have been gambling since i was young but never imagine recording my money for gambling .

The first thing we do is understanding the tax law relating to gambling, every country there's a different law on gambling and in my country the law on gambling is not define, and therefore most people are not paying their tax when they win. Also, I am just a gambler who gamble on sites that is operating within my country and I think the closest that would pay their taxes are those who are constantly gambling in a physical casino.
3377  Alternate cryptocurrencies / Speculation (Altcoins) / Re: here comes the alts days? on: May 19, 2020, 11:05:37 AM
To make the days of alts, it is necessary that Bitcoin very much increased in price, at least to 20k$, and the higher, the better and after that may come a good growth of alts.

I think altcoins will likely increase if bitcoin will reach at that level, but maybe not as profitable like in the past, possibly a recovery only for altcoins but if Bitcoin will rise further then maybe we will see altcoins to rise more since it's hard to stop the FOMO and when the market is in FOMO, no TA can help a trader since movement are mostly uptrend.
3378  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I see you Tether.....XRP might dump? on: May 19, 2020, 10:48:41 AM
If XRP would dump, it would still at top 10, TETHER just have a good volume at the moment since people are putting their money on it, but they aren't really investing, so things could be temporary and XRP will get back on its slot.

I am not a fan of XRP either, anything that is centralized except BNB, ... I would rather invest in a coin that is undervalued right now and hope it will increase in the long run but we can't deny the fact that XRP has a big community and supporters.
3379  Economy / Economics / Re: How Will the current pandemic affect the crypto market? on: May 19, 2020, 10:07:02 AM
I think due to the Quarantine period and pandemic, people will patronize the use of decentralized transactions.
The market may move from time time during this time and more people will realize the importance and use of such cryptocurrencies.


not sure if that would really help for online transaction, what I have in mind is that since the world will be in economic crisis, the value of our fiat will decrease and therefore we should be looking for a good investment opportunity to protect our money from inflation and crypto or bitcoin is the answer for that, at least for people who believe in crypto.
3380  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins for 2020 on: May 19, 2020, 03:31:00 AM
...
2. Etherium
...
2. Electroneum
...

Why you mention this two and not Ethereum? I think ETH has a great chance to hit the moon this year because ETH 2.0 with PoS is on the way. So, i think is a relevant year for this relevant coin.

I'd love to see that ETH hitting to the moon, however, I don't think that ETH 2.0 is enough for that big achievement.
For ETH to rise that big again, I like to believe that it needs bitcoin to hit to the moon first, like a new ATH that would make this market crazy once again.
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