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3581  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold backed coins are real?? on: December 15, 2019, 03:14:49 AM
I'm myself honestly never trust that kind of statement unless they are somehow already accredited and their reserved gold is audited so we know that they really have the gold or their total coin supply matches with the gold they said to have because honestly even if their price right now at the market pegged to gold and in ratio with gold it's just a market and no one really know whether the company that own the stablecoin have the real gold. So yeah, just try to observe first before buying it.
3582  Alternate cryptocurrencies / Altcoin Discussion / Re: Would You Trust Libra Coin With Your Money? on: December 15, 2019, 01:20:00 AM
Facebook is a big company so why you shouldn't trust them? In crypto we know, that private keys are important, but you have to look at Libra project as a centralized project - smotehing like a bank. And this bank will manage your finances.
Big company doesn't mean they won't do any harm to you. Facebook has known to violate their users' privacy and so many people are doubting this company and now they are trying to expand their reach into financial technology. Some people might see no problem entrusting their money to Facebook because they are a "Big company" in their mind but people who always get updated with the company's news know well that they are fishy but it's all up to everyone whether to trust them or not because it's their money.
3583  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Twitter to launch a Decentralised Platform Soon on: December 14, 2019, 08:58:34 AM
Despite all the controversy at least they are trying to put a little effort and a little budget aswell into developing a decentralized platform which is a good thing. After the booming of open-source now the entire world turns their attention into decentralization. Honestly, I like how this is going.

A decentralized platform so the users can now post anything they want? Well, let’s see how the new platform will work and let’s see if they can survive in this competition knowing that twitter is not that good because of limited platform. Many social sites now showing some sign of adoption, its food for us.
That's also my concern regarding this matter. Learning from torrent which is decentralized. Censorship is not quite possible unless there's an effort from the authority but we'll see.
3584  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchanges that offers staking service on: December 14, 2019, 07:08:49 AM
Even these top exchanges still have the chance of being hacked or at least data breached because there's no system safe but staking in a third rate exchange is simply seeking death.
However, instead of staking your money in exchange which basically the same as entrusting your money to a stranger, why don't you just stake it yourself by using your own PC or renting vps which requires relatively low money but safer.
3585  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Crypto/Blockchain hype over? on: December 14, 2019, 05:14:36 AM
Crypto and the blockchain trend is kept increasing which we are seeing even government authorities are showing a lot of interest towards the blockchain, for cryptocurrency, it is impossible to keep increasing their prices, we should wait patiently until we see some major things happen in the market.

Exactly, many adoption here and there begin to emerge and the world put their attention to blockchain and trying to develop it based on their need. People thinking the hype is over because the price seems to be moving slowly and sometimes being dumped but the reality is the whole market just being stable while increasing the adoption, little they know that this stability could also boost the adoption as well.
3586  Economy / Economics / Re: Countries testing digital assets in 2020 on: December 14, 2019, 04:36:16 AM
I think the reason why the OP did not include China to the list is because it acquires bitcoin as well as cryptocurrency several years ago. It just denied and banned it for couple of times due to their own reason. Maybe, it is economically worst for them that time or they are checking its usage or it just want to manipulate the market. But one thing I know, cryptocurrency becomes the center of global trends right now.
China only state to utilizes blockchain and they are still prohibiting any cryptocurrencies which is understandable if this whole topic doesn't include China and speaking about global trends, it's not only cryptocurrency that become the center of the world but the whole digital payment or cashless society. Everywhere want to be cashless and bitcoin happen to be part of this so called "cashless society".
3587  Economy / Exchanges / Re: Kraken suspended my account and refunded the money on: December 13, 2019, 03:19:07 AM
 Most of the cases such a company won't tolerate if you mask your IP using a VPN or even through using RDP. It's always to be the case everywhere even if you log in to PayPal using VPN your account will be frozen. It's always advisable to not use any means of masking your IP and instead use your real IP and if there's something that you need to explain you can explain through their customer service for approval.  Even worse if you are using a Windows VPS provided by some cloud computing company, they will straight out ban and suspend you.
3588  Economy / Economics / Re: How do manage portfolio efficiently while having a full time job? on: December 13, 2019, 01:37:38 AM
I just got myself a new laptop, thinking that it would be a good investment if I carry it around work, so during the down time I can come here. Keep me more active in the crypto world.
This is the key to make good money in the crypto market. the more you spend time in the market, the more you learn about it and the more knowledge you have the more chances you have of buying right crypto currency on right time and selling it off when the rates are high to secure decent profit. If your laptop is not big in size, then do carry it with you during work and when you are free, visit your profile.
There's a monitoring app that let you not waste your time staring at the computer 24/7 because it will alert you when price changing and hits certain price point that you have set before and that alone should actually help you save most of your time and not pointlessly staring at your monitor when just waiting for certain price change to happen and most of the smartphone nowadays is powerful enough for managing portfolio. Basically save you from all the hurdles and unnecessary things like that.
3589  Economy / Economics / Re: BTC to GOLD on: December 13, 2019, 12:58:17 AM
of course why should doubt that gold has been around a long time, even though now digital currencies are being developed will not make gold lost or desirable.
many say crypto will be the future for currencies and investment vehicles, but I also think gold will still be in demand even though crypto will become bigger.
Gold is more like a resort of wealth in the mind of many people. When it comes to gold, people don't consider it a mere precious metal but they have their belief that gold is the safest option to save their money from any crisis so stacking it is no brainer honestly, I will just follow the flow and enjoy the liquidity as well as having some portion of my money goes into BTC, though converting BTC to gold at this time being is not a bad idea either.
3590  Bitcoin / Bitcoin Discussion / Re: So Italy is now anti-cash and pro-Bitcoin? on: December 12, 2019, 06:56:39 AM
Italy is taking a big step in adoption i guess they dont want to be left behind in technology they're following the steps of china who is creating their own cryptocurrency back by gold to avoid USD backed fiats. There could be a chance that's not what they're after, but to counter money laundering by tracking their people and to tax them.
There's no adoption though, they are just trying to reduce the usage of cash which gradually considered to be obsolete and is not convenient and it seems that they are instead switching to the digital payment or cashless society. Something to be expected when you can see all other parts of the world are doing the exact same thing and digital payment could be easily monitored since all transaction are recorded which is what government really need to when it comes to taxing.
3591  Economy / Economics / Re: The Government-Backed Digital Dollar (USD) on: December 12, 2019, 05:54:51 AM
I strongly support if each country has its own crypto currency.

I don't support that each country will have its own cryptocurrency. Cryptocurrency in that case will become cheap and will not reflect or represent the real idea behind cryptocurrency. If every country will create their own cryptocurrency, the idea of a global currency disappears. The idea of a free currency that is beyond the control, manipulation, valuation, and ownership of a single country will die. The idea that cryptocurrency is open and free for all, not owned in any way, will end.
Quite the contrary if each country have their own cryptocurrency that will further prove the idea that cryptocurrency could widely used and created by individuals and even government only if they want to really implement it. Crypto won't become cheap just because many country are creating their own. The opposite, it will bring a lot more adoption and therefore increase the legitimacy of cryptocurrency that could potentially drive its value and capitalization skyrocket.
3592  Alternate cryptocurrencies / Altcoin Discussion / Re: The use of stable coins or no? on: December 12, 2019, 05:27:19 AM
It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.
I think almost every coin can have a stable price, depending on when you buy and when you sell, the ups and downs in cryptocurrency in my opinion is a natural thing to live how our mental readiness and a good strategy in choosing a good coin for short-term investment, long-term medium, and long term.
There's no such thing as a stable price for cryptos that is not considered as stablecoin. The price always changing every minute and to be honest, even the money that's used to back up most of stablecoins isn't stable either. It's just our mind to consider stablecoin as "stable" because it's always priced on a 1:1 ratio of the currency used to backup and the capitalization matches with the reserved fund.
3593  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best NEW DEX to start trading NOW and will BOOM in 2020 on: December 12, 2019, 03:01:48 AM

thank you for your insight. Agree people need DEX that have the volume of central exchanges


Hotbit 24hr volume $930,919,018  Vs.  Binance DEX  24hr volume $888,754

Imagine a DEX with just half of Hotbit

I wonder if any DEX system could even handle that user and trading load?

The scalability like you mentioned is also an important concern. Until today no DEX has ever tested to handle massive transactions and its capability is still questionable. But to do that test we need to solve the first problem which is the low trading volume and the lack of users. it's like DEX got stuck because it can't get anywhere with that kind of low trading volume and the development can't really progress. We've seen some problem that occurs in bitcoin's blockchain after it got overcrowded and the transaction requires a high fee and still take so much time to get confirmed. If we can make a conclusion by some simple logic, DEX could actually face the same scalability problem and need fixes as to how bitcoin implement lightning network.
3594  Alternate cryptocurrencies / Altcoin Discussion / Re: After 50% hike in Two weeks, Matic dropped 70% in Minutes on: December 11, 2019, 10:26:56 PM
Is this really a news or worry? Most coins are behaving like this. Especially people or team are manipulating the price for them to dump it. Then leave the public to the ground or even beyond that.
Its become a big thing after the people found out that the supply of this coin increases significantly which creates a rumour that the dev themselves dumping this coin so hard and the dumping is done at the same time and that what causes the uproar regarding the dumping. It's no ordinary dumping and strongly indicates price manipulation as well and that's why investing into altcoins like matic is discouraged the people behind project hold too much token.
3595  Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook's Libra is being reviewed by the US government again on: December 11, 2019, 08:21:15 AM
Being reviewed doesn't mean the got approved. Also, it has nothing to do with the whole crypto market anyway. Libra is a stablecoin and if there are influx of investors all the money will go to the company's pocket and not anywhere else. At best, it will just increase the overall crypto market capitalization and that's it.
3596  Alternate cryptocurrencies / Speculation (Altcoins) / Re: MATIC LOW PRICE AND THE BEST CHOICE TO BUY NOW on: December 11, 2019, 02:53:41 AM
Why not wait for further dump on it? Cause I see that it is being played by whales and it is also hard to believe that the team doesnt have nothing to do with the recent dump. I believe a safe entry would be when we see sideways for at least 2days then it is good enough
The panic selling exist for a reason and altcoins could easily turn into dust compared to the top 10 cryptos and Matic as of now having a bad rumour it's wiser to wait until it got cleared out rather than recklessly invest into something that's unclear.
Despite Binance trying to defend matic team but if there's no clear explanation it's as good as nothing. Not even binance could save it if the bad rumour turns out to be true.
3597  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: December 10, 2019, 06:06:52 AM
The problem with underdeveloped countries is that they just sell raw materials to developed countries for any cheap price. They don't manufacture their materials, they don't have their own technology and they don't export expensive commodities to strength their economies.
Only technological countries can be wealthy nowadays and offer life quality to their people, others will keep suffering with their poor economy and uncontrolled inflation levels, heavily intervened by the government.
That's most of the case nowadays. The industrial country will always benefit from the immense value addition to the product they produce meanwhile the underdeveloped countries will just become a ricefield. That happens not because of lacking human resources but simply because of mismanagement and they keep doing the same mistake over and over again. The lack of support for entrepreneurship also contributes to the low GDP and underdeveloped countries seem to forget that taxes generated from the private sectors are immense. Most of the developed countries like South Korea, Japan or even Singapore have some kind of big corporation that takes some percent of the world market share meanwhile the underdeveloped countries have nothing or if there's a big corporation it just dominates their own country. Corruption and bribery are common practices and speaking from my experience, these are just too many it feels so stupid to even start a business. If an underdeveloped country will just stay that way, there's no room for them in the future. The economic growth in underdeveloped countries may seem promising with most of them reaching 5% but the world is going ahead and all those developed countries also racing to grow their economics and frankly 5% of $0.5 - 1 Trillion GDP economic is a lot less than 2.5% of $20 Trillion GDP economic.
3598  Economy / Economics / Re: Coinbase Holds a Whopping 966,230 Bitcoin ($7B) in Cold Wallet on: December 10, 2019, 02:03:22 AM
Forgot how much BitGo has, but I recall it's a lot more than Coinbase. And in that instance, they like sort of advertising it (since they're a custodial service). Literal mountain vaults storing private keys, apparently, though I'm baffled as to why anyone would pay someone to guard something digital like that.

Well, okay, not exactly baffled. The way the minds of the super wealthy work don't really change when it comes to Bitcoin. It's like, the richer you get the more you want to trust your money to other people.
Usually, the more money you have in your wallet the more it will become a burden to keep up with the security as well as always being paranoid and I can see that those wealthy people resort to a service like BitGo to let go their worries and that's why their services is selling like a hot cake although it's basically just letting someone else managing our money and the feeling of our money being safely guarded is just sort of placebo effect. But, to see a company holding that whooping amount of money is simply unbelievable considering that crypto supposed to be decentralized.
3599  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchange asking to Login thru Facebook on: December 10, 2019, 01:28:17 AM
I'd rather prefer to log in via email since using our social media is really dangerous since we might get compromise for bad scenario if there's an issue will come to the exchanger who requires it and why would they ask it for log in? It's so shady to have that and much better to use another since using this is totally a bad decision to the user.
To be fair, when you are trying to log in through your social media account the exchange will just get the information needed and don't have the permission to somehow accessing your account and editing it. I always think that using social media as a method to log into any websites is a lot safer way rather than submitting your email and your password that are usually saved up in their database with a usually low level of encryption. It's not like if you are using your email it will be safer anyway. If their intention is malice, they could track your social media account through your email.
3600  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: December 09, 2019, 01:41:54 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

disadvantage of that thing is when cryptocurrency having dropped price, we are loss. as we know that bitcoin has fluctuation its make not stable price so if you convert your fund to cryptocurrency not always value your fund same anytime.
i know it also happen in USDT but in cryptocurrency change is so drastic than USDT, maybe it one of reason country not use cryptocurrency
It's true though. USDT despite having fluctuation it's so little that it can't actually be called fluctuation meanwhile cryptocurrency that are truly decentralized in general have really high volatility. But, if the market capitalization of Cryptocurrencies like Bitcoin is more spread out and bigger the fluctuation will definitely reduce to the point where those fiats are. our market capitalization is not big enough to create a more stable market right now.
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