Bitcoin Forum
May 25, 2024, 04:50:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 [180] 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 ... 529 »
3581  Bitcoin / Bitcoin Discussion / Re: Government ban on crypto on: March 26, 2021, 09:07:21 AM
US? No, they already use bitcoin regularly there are government would very less likely to be stopping its use. Other countries? Yes many countries have taken a negative standpoint on crypto and they are not moving from that for some years although there seems to be a spark of light.

The only way to stop bitcoin access is to cut electricity power supply. Essentially that would stop the internet from being accessed. But that is a too drastic step to be taken by anyone.

So you can be assured that such incidents will not happen and always hope for the best and betterment of the crypto space. Regulation may happen but remember that if you are a part of the law abiding citizen who does not take part in money laundering, you have nothing to worry about.
3582  Economy / Gambling / Re: Primedice.com | Creators of Dicing 🎲 | 60+ Billion Bets | 113+ BTC Jackpot! on: March 26, 2021, 09:00:56 AM
Correct but there is no stupid person who would bet higher than 9900 bets with same bet amount. I ever seen a person betting on 9900x a lot, he will double his bet after he lose 1k-2k losses in a row, then he hit that. He did that multiple times on many different accounts on a gambling site, in the end, he cashed out approx 5 btc net profit from that hunting 9900x
Let use the term addicted gambler instead of stupid, I am sure many others reading this thread will have such an impulsive decision at some point in their gambling "career".  Cool

I was wondering if any such player had actually stopped midway and accepted losses and moved on. That person would have actually saved their skin and a lot more money than what they would have lost. But that is what gambling is, you have a chance to win but you may lose a lot of money trying to win it.

Some of these players get lucky like the one you mention. But many dont and this should be a lesson for those who are gambling everyday and spending money on EV- games.
3583  Economy / Scam Accusations / Re: Aionrox website, is it a scam? on: March 25, 2021, 06:30:53 AM
This news site that you posted about, seems to have posted a couple of articles that link to bitlegioncoin recently. This is again suspicious because who is cannot lookup bitlegioncoin - seems like ICANN says that the domain is not registered. Huh

I did a who is search on newspay and they relatively new too.

Code:
Registrar Info
Name NAMECHEAP INC
Whois Server whois.namecheap.com
Referral URL http://www.namecheap.com

Important Dates
Expires On 2021-11-04
Registered On 2020-11-04
Updated On 0001-01-01

Bicocity and newspay are getting linked on SEO because they both have posted about bitlegioncoin in the past. These are some news articles sites and they after often known to promote sites with a disclaimer.

Now there can be the possibility that bitlegioncoin is the legit one and aionrox is the clone scam site or both are scams being promoted by these news sites.

Good luck on getting a reply to that email. If the second case it true, then its like asking the scammer if they are a scammer or not. Either of these cases if you do get a reply, they will claim to not be a scammer.
3584  Economy / Scam Accusations / Re: Aionrox website, is it a scam? on: March 25, 2021, 06:03:50 AM
Look at the who.is data from https://who.is/whois/aionrox.com
Code:
Important Dates
Expires On 2022-03-19
Registered On 2021-03-19

The domain was registered just 6 days ago and they claim to be running for a long time already on their  "About" page with feats from the year 2017. Does that sound trustworthy? No. Because scammers run such sites commonly registering new domains and using their old methods to scam users.

I suggest you not to send any more money to the site. The number of red flags is too many. Still it is your choice.
3585  Alternate cryptocurrencies / Altcoin Discussion / Re: If stock market starts to crater, should we switch to BTC or USD? on: March 25, 2021, 05:56:56 AM
If the stock market comes crashing down as some predict,
Firstly the stock markets are regulated by some organizations and you would not see a crashing unless a diasater of the entire planet occurs, this pandemic is much less in its impact.

Quote
what will you do with your alt coins? Swap them for BTC?
You still havent sold your altcoins for BTC? This was the time to sell them at profit though. No one know when you will see 60k+ USD/BTC again.

Quote
I know that many view BTC as a safe haven (like digital gold) but historically, BTC prices have been positively correlated with the stock market.
These two do not have a proven connection. The correlation data is anecdotal and often biased from person to person. Precious metals, stock, crypto all seem to move in different directions depending on the situation.

Quote
That said, in the case of an actual market crash, I think BTC could act like digital gold and appreciate since it's now more widely accepted as a "real thing" than ever...
Bitcoin is not widely accepted yet. Most countries where it is accepted, good for them but there are several more where it is either illegal or a grey area. This will change with time but the concept of digital gold is a wrong one and more of an apples and oranges comparison.

Both gold and bitcoin have their pros and cons. Dividing money among both would be an intelligent approach. Bitcoin bulls want you to sell your gold to buy bitcoin so they can sell. Dont fall for that trap.
3586  Economy / Scam Accusations / Re: Aionrox website, is it a scam? on: March 25, 2021, 05:46:08 AM
Reading what you have wrote, this sounds like a scam.

Firstly did that username not make you suspicious? You cannot trust anyone on the internet to give you free money because that is not how the world works. The free money is the greed that will make you listen to them and send them money to "unlock" your withdrawal and the real scam is that fee that they tell you to pay.

Anyway report that user on discord too if they still havent blocked you or your havent deleted their contact. But it does not matter much because they will create new accounts soon.
3587  Economy / Scam Accusations / Re: Exodus : CRYPTO ETH WALLET on: March 25, 2021, 05:42:55 AM
This is a problem with Play store apps. While I generally tell people to check the publisher before downloading the app, this case, the publisher of the fake app is very similar to the original app's developer name. Now I dont know if this is correct to accuse Google of the same, because the person who is downloading the app is responsible for their own security not the store.

Hence report the app/flag it and see if they take it down. Play store removes a lot of malware apps everyday and therefore this should work. They have a bunch of fake reviews as well - another pointer that one should not read them before downloading anything.
3588  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: March 24, 2021, 06:52:35 AM
I am yet to understand how to play casino and other fortune jack games.
Casino games are best learnt by playing them directly and if you are talking about the chance only based games like Dice, having a first hand experience is better than watching videos on youtube about them.

Because that could give you a wrong impression. Many times youtube videos are edited out to show only wins and less losses but in real life, the casino has a house edge that means in the long run the casino wins more than the player's wins.

Quote
I don't know if am alone on this, but been sincere I have searched on different websites to see if I can get a clue on what this gambling site deals on specifically and how to be a part of the numerous privileges gained by its many players.
But you haven't checked the FJ site? I mean you are looking to buy a house and you look everywhere else except the house itself - how stupid is that? FJ offers a lot of bonuses, privileges but everything is listed on their site. Spend a couple of minutes reading there and you should be clear about these.

Quote
Also the funding process should be clarified so I can get deep insight on how to partake so as to try my luck and test the extent to which my luck can carry me
You can use bitcoin or altcoins to deposit.

Seeing the discussion on "streamers" - let me be clear on my opinion, I think streaming a gambling game is retarded - this is not CSGO where stuff happens every now and then but then again some reputed casinos in this forum became crazy about streaming and thought that would bring in a lot of the gamer community into gambling, but it didnt work out well.

Still it could be a good step for the FJ team to prepare a youtube account for FJ and post some instructional videos (not streaming!) there which are often coming up as queries.
Sometimes these topics can be used for referencing to other discussion on the forum, like trying to explain the KYC system. Wink
3589  Bitcoin / Bitcoin Discussion / Re: Bitcoin production on: March 24, 2021, 06:35:11 AM
Due to high level of energy consumption when mining bitcoin
Much debated but ultimately debunked topic of environment and crypto mining. Point in short is that the carbon footprint of the miners is nowhere comparable to other bigger carbon footprints from many things in this world that cannot be stopped.

Quote
is there no other ways of producing bitcoin either by the use of computer or other means?
No. If that was possible then you have had a breakthrough already. Grin

There are bitcoin mining methods with computer and home methods and you can do this, but your cpu and graphics card will be severely damaged during this operation. The best way to mining bitcoins is to use miners but This device consumes a lot of power. Are equally dependent on their extraction power.
You CANNOT mine with CPU and GPU in today's difficulty. That statement would have been correct if the year was 2009-2010. The mining sector became so competitive post-2013 that indie miners died out and never got a proper change to even sell away their rigs and get some money back.

The devices that you need are ASICs today and not just one but hundreds of them.
3590  Alternate cryptocurrencies / Altcoin Discussion / Re: altcoins vs coins vs tokens on: March 24, 2021, 06:23:27 AM
What is the difference between altcoins and coins and tokens?
Different types of assets but coming under the same asset class. Not sure what you refer to by saying "coin" - without further clarification I would take that as fiat, in that case it becomes a separate asset class while crypto is another one.

Quote
And how does the difference affect me from a prospective traders perspective?
A change in asset types under the same asset class does not change the mode of trade if that is what you are asking. It is matter of naming only. However you should be careful what you are dealing with. Like Ether tokens and TRON tokens are not mutually storeable. Wallet types will differ. Again dont send Omni tokens like Tether to an Ether wallet because you will get into a lot of trouble for such petty mistakes.

Know what you are trading on completely before you trade. That is all you need to know.
3591  Economy / Trading Discussion / Re: price action trading on: March 23, 2021, 06:43:17 AM
The market does not move on any rules "laid" by someone. It has a mind of its own but it can be predicted to a large extent.

Now news and politics make a move on the market but please dont bring climate and environment in the discussion because then it becomes another conspiracy theory discussion leading to a retarded circle-jerk.

Say a government banned crypto in a large country, market price will fall but will catch up soon too in a couple of days. It would be correct at that time to buy some and sell it on the rise later.

Again negative news tends to move the market a lot more than positive news. The only recent positive news that grew the market organically was paypal allowing crypto and consequent private firms investing in it.

Past event? They can help you predict how the market might react but not decide how it will move. Use the charts to your advantage: Learn the support and resistance levels from them and use that information to set your buying and selling points.
3592  Economy / Scam Accusations / Re: [SCAM] Investcryptocurrency.co ponzi scheme on: March 23, 2021, 06:36:15 AM
@Slow Death

Scammers dont care about anyone, my friend. They only care about money and how to steal it from people. If they did care about people's lives in the middle of a pandemic they would stop their dirty tricks and make amends to correct their mistakes.

Rather they would likely use the pandemic as a mode to fool more people and pay them money promising them of fake cures. So no goodwill from them ever happens.

Anyone reading this thread, please do not spend your hard-earned money on the accused site. They are a scam and you will lose your money in spite of what other might tell you.

Flag supported from my end.
3593  Alternate cryptocurrencies / Altcoin Discussion / Re: New to this... What's causing the current selloff? on: March 23, 2021, 06:29:05 AM
If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Finding out the cause behind a crash is not the correct approach always. Many times the real cause can never be found and for such reasons instead of wasting time on trying to find out the cause you have to take some precautions from before hand.

First thing is that if you believe a certain project is going to do good, meaning you have faith in it, you would not sell at the dump but when the dump happens you will buy it more. The reason behind the crash might be something sinister but then crypto is a wild west and you will not have anything to recover losses. That is one bad thing about investing in altcoins not bitcoin.

Quote
Also, at what point are you guys prepared to sell to protect against a crash?
If you have faith in the project you will not sell. Chances of lacking faith is common though, specially for altcoins which is why thing question creeps up. Anyway me being a bitcoin maximal, I would buy bitcoin if it goes down. ETH, I would not sell easily and defenitely not at a loss. Rest of the altcoins are less than 1% in my folio.

Quote
Do most of you have sell stop orders on the books to protect against a crash?
Some traders might do this. However mechanically posting  an order like that might make you lose out in case the price rises just after the dump while you sleep. Again that is a tradeoff so cant argue about that,
3594  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin Investing on: March 22, 2021, 05:50:04 AM
1.Only invest 1% of portfolio
No problem there. Depending on where you divide the rest of the 99% into makes the balance. Suggest you to keep some in bitcoin and the rest into fiat market investments and precious metals.

Quote
2.Take out initial stake after 3x gain
WOW, slow down there mate. 3x gains are not that common in everyday altcoin trading. It can happen but you need to have that level of patience and determination to hold that coin till such gains are reached. Now it becomes difficult to predict altcoins as time passes because we all have seen most altcoin projects die out.

Quote
3.What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.
You are not wrong here. Altcoins mostly dump after pumps and these are inorganic ones completely. Hence you need to time yourself for a sell and then never look back. In that sense 100% selling is what seems appropriate. This goes with what I said above.

Bottom line is that altcoin trading is associated with a vicious cycle of anxiety and depression if you buy at the wrong price and get stuck there. So be careful and remember that no altcoin is going to be second to bitcoin. If you want to be rich, buy bitcoin when its price lowers. Grin
3595  Economy / Scam Accusations / Re: [SCAM ALERT] DoraFactory FAKE Sale on: March 22, 2021, 05:43:07 AM
The old age clone website scam. Never gets old in its efficiency to scam people though. Scammers make fake accounts on telegram and post the clone website with a greed-inducing statement like 20% off on all purchases and so on to trap the people who are less savvy about these platforms.

Good thing this got posted but some people will fall for it and nothing can be done to help them. People should learn before using something and that crypto transactions are irreversible.

Hoping that someone out there might read these topic and understand that scammers exist in all forms.
3596  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: A forgotten story of bounty hunter on: March 22, 2021, 05:38:46 AM
You may be surprised that bounty hunters are the most poorest investors in the crypto space,
They didnt start out as investors though. Rather as collectors of coins that they supposed were to become second to bitcoin. In reality they wasted their time and effort in promoting projects that were either failures of scams or cashgrabs.

Quote
Lol, there are various project that failed during the 2017 till now, bounty hunters aren't not profiting from doing bounty, rather they are given peanuts for their hard work, I was a bounty Hunter that had up to 250 tokens in my wallet, till today only one coin I could witness about that I withdrew.
Many of the hunters from that time have had ethereum wallets filled with tokens that one cannot keep track of anymore. Huge quality but low quality is what happened to the market of new altcoins.

DeFi came before that but became popular much later even then that also followed a similar demise. Too many projects but zero value in any of them.
3597  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin better than Fiat? on: March 21, 2021, 07:03:56 AM
Fiat is Bullsh*t.  
You have used the same "crap" to pay for your morning bread today, also the people from hundreds of countries where bitcoin is not known or used have also used it to ease their hunger pains.

In some ways; decentralization, immutability, scalability, lesser transaction cost etc. But, in terms of holding it as an asset, it is very volatile. It can be $100 now, in 5 minutes time it is higher or lesser.
5 minutes? I think you are getting the idea of volatility too exaggerated. And making a change by 1dollar in the price of an article needs a significant movement of price. That though is less likely everyday.

Quote
In transaction cases, I prefer cryptocurrency to fiat.
Then you lucky to live in a place where you have such an avenue of spending.

so now based on the popularity of cryptocurrency across the nation people still value fiat more than bitcoin, most especially old adults in the society.
Of course you wont want your gramps to use some cyberpunk currency that can be easily stolen in the hands of a less tech savvy person. Even then the current generation if supposed to be able to use crypto more, does not - because they are less knowledgeable about. Still I am seeing an improvement in this since the prices of coins reached mainstream markets. Again this will become big if their governments allow crypto spending and trading without bars.
3598  Economy / Trading Discussion / Re: Best TA, or combined TA and FA, on the web? on: March 21, 2021, 06:54:29 AM
Instead of depending on another person to do TA, I would suggest you to learn how to do TA yourself if your objective is to day trade in the upcoming days. Depending on another person for TA, you would never be able to execute trades with a clear mind as what your goals in doing that trade might be.

Why it might seem good to you to follow someone else's TA is because you dont have to blame yourself when you lose money - you will blame it on the person whom you follow - but you cant do anything in real because they have some terms on their content. Cheesy

Sucks but true, if you follow the easy way of being lazy, you will be the one losing out.

There is also the option of buying low and then holding it for long term to sell which essentially does not need TA.
3599  Economy / Scam Accusations / Re: [SCAM] Smg.ltd - Ponzi scheme on: March 20, 2021, 06:24:44 AM
Maximum amount can be Infinite. Joke of the month it seems.

Funny they reduced the minimum amounts on their page now to 1/10th of the what the OP has posted. They even have basic spelling mistakes all over the website. Team descriptions is a joke. None of the pictures taken seem to be legitimately posted here. All these points to a scam but I am sure there are several more like this cropping up every second on the internet.

All that "Registered company" BS is fake. Any knowledgeable person can check and verify the same and it is not difficult to forge a picture like that.
3600  Economy / Scam Accusations / Re: [WARNING] Dynarian - Plagiarized Whitepaper on: March 20, 2021, 06:17:44 AM
Newbie account posting an ANN that is copy pasted from bitcoin whitepaper is not new to the scammers manifesto. Domain is newly registered as well.

Hoping this should save some noobs into putting their money into this scammers wallets. They also have a wallet software - malware security experts on this forum should be able to sandbox and analyse the code and see if there is any hidden malware too. These are things that every new investor should do before putting their money in.

There is also description of the team behind the project. Flag supported.
Pages: « 1 ... 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 [180] 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 ... 529 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!