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3621  Economy / Economics / Re: Does China Control Bitcoin? on: December 04, 2019, 04:38:42 AM

I disagree with china can determine the fate of bitcoin.  There is a large user population outside of china.  China has banned and unbanned bitcoin more than I can follow.  Bitcoin kept plugging down the road, china can do what they want it wont affect the long term viability of bitcoin
But it is the fact that China currently controls the majority of hashes although it's far from 51% attack it could be a problem later on. However, if China really does harsh law enforcement regarding cryptocurrencies or even banned it with punishment for those who break the law. We could potentially lose a major hashes power However it will then adjust automatically after 2016 blocks and become profitable again for small miners to mine bitcoin. Actually there's nothing really need to worry about as of now and to be clear, China didn't control Bitcoin but a price manipulation with massive capital could still happen.
3622  Economy / Economics / Re: Does halving really create deflation? on: December 04, 2019, 03:16:08 AM
Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.
Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway.
3623  Alternate cryptocurrencies / Altcoin Discussion / Re: CMC and coingecko on: December 04, 2019, 02:24:54 AM
In some cases of course CMC and Coingecko have their respective considerations and rules for including tokens or coins or exchanges in their lists. Although overall the two websites provide almost the same information, comparing prices and quality globally. I also often use both to check prices, because this is very efficient when we can see price comparisons from various exchanges in one click.
The price graph could differ though. It seems they are taking the price chart from different sources and there's a time when one of them encounters an error in their directories. I personally uses CMC more than coingecko just because it pleased my eyes by looking relatively clean.

CMC and coingecko both very useful for us, i used to use both however i am confused why many coins and tokens not listing in CMC but listing in coingecko, not only coins and tokens but also many exchanges, is this because coingecko become more popular than CMC, or for something else.
Very hard to list Binance and more hard to list coinbase. Coin or token is listing on exchange doesn't depends on popularity. Extremely clear that coinmarketcap is more popular than coingecko. Did you ever heard that any project so much excitement to get listed coingecko.
True, although coingecko works exactly the same as CMC popularity affects a lot. People already have the mindset of thinking that anything listed in CMC is legit while that's actually not true but however, being listed in CMC will give a good first impression to anyone who hears the coin.
3624  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum staking concept 2020 (Proof of stake) on: December 03, 2019, 10:17:27 AM
Turning into PoS which requires staking 32 ETH which is fairly expensive for some of the people although it won't go anywhere and instead of growing is a good deal I must say. Less carbon footprint and doesn't need to invest in GPU which to be honest if we're trying to reach profit will definitely need a few high-end GPUs so there's no excuse for the media to say that we're doing PoW for nothing. The specs also relatively low and the internet connection will not be a problem if the people who want to stake have home internet cables. Some people are okay even if the reward relatively small and some are not, there are people who have money but don't know what to do and as easy as staking is, it will be a good option for that kind of person. This also attract my interest.
3625  Alternate cryptocurrencies / Altcoin Discussion / Re: A piece of an advice on: December 03, 2019, 04:13:12 AM
All in all, it all comes back to you eventually. It's your call, your choice, none other than yours.
DYOR, contribute, hold, take benefit, sell, Do whatever you wanna do however never "indiscriminately hold" since somebody said as much!
This is the funny thing, just because some other strangers on the internet said that you should hodl, doesn't mean you have to follow their advice.
This is why, when someone just blindy invest on something especially if that because of someone told you so, when the outcome is the opposite of what is expected, who are you going to blame? The person that gave you the advice? Smh

Most of the time people don't even consider how biased all these so-called trading advisors are even they are popping everywhere including youtube and the funniest thing is people believe them despite not knowing their background. If it's not for some motive they won't take the hard way to make their own broadcast in youtube and any other platform just to tell people to do this and do that although some of the people can be trusted it's always better to stay cautious and not easily believing someone we don't know. Take for example the trading groups that uses everyone's resources to dump and pump based on their personal need.
3626  Alternate cryptocurrencies / Altcoin Discussion / Re: Morgan Creek is Against The BTC Halving Popular Opinion. What do You think on: December 03, 2019, 02:39:35 AM
The people who expect the price to go up at literally anything that happens to bitcoin is for sure overly optimistic anyway. The halving is already proposed from the day bitcoin was born and it's not a surprise. The total supply will remain the same and capped at 21 million and people shouldn't expect anything big to happen. Even I really doubt that it will do anything to bitcoin price even the slightest because halving should actually become a norm in the crypto community but people keep on discussing this. Heck, even burning coin that has done by some of the altcoins out there did nothing nowadays but it's a piece of big news like mass adoption or such that affect so much.
3627  Economy / Speculation / Re: Bizarre crash! What cause bitcoin crash?? on: December 03, 2019, 01:54:43 AM
Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?
I am a little confused and ambiguous with what you mean, however low the current price of bitcoin will not shift its trading volume below other altcoins. 
So bitcoin remains number 1, by volume and capital is the biggest among other altcoins.
Isn't that obvious though, when the whole market is being dumped bitcoin instead increase its dominance and thus making altcoin suffer even worse than bitcoin itself and by that there's no way the trading volume of bitcoin below all these alts even the volume's gap is just too far and saying that bitcoin will be below #1 is just nonsense at its best. The fact that bitcoin is the most adopted coin will hardly make it fall below any other alts.
3628  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoBridge is Closing Shop. Withdraw Your Assets on: December 02, 2019, 10:59:32 PM
this is a rare case because they are only Dex, but if their main reason is because the volume is too small and cannot develop, then other dex who experience the same thing will also be the same in a short time. At least they are not a scam and are still responsible for user assets, just a few sad stories from cruel and heterogeneous market competition.

thats the good thing here. they managed to inform their users that they are shutting down and they are giving time to withdraw assets from their exchange. unlike idax, the ceo disappeared without a trace.
going back to CB, actually im not surprised that they are closing soon. remember all those pnd mn coins. it is like the go-to exchange of most pnd mn coins. so they are really collecting a lot of crap stuffs here. now those mn coins will find another exchange where to dump their worthless coins!!!
I highly doubt, those crap coins will usually just die out can't find another exchange except DEX that could just make the market your own. However, it is to be expected that some of the exchanges will eventually close down because there are too many exchanges right now and while the market share  dominated by the popular exchange the small exchange like this need to compete with another small exchange and therefore couldn't sustain all the fee and maintenance they need to pay each month I guess.
3629  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoBridge is Closing Shop. Withdraw Your Assets on: December 02, 2019, 01:12:07 PM
At least this one is not acting cowardly by running away with all the money. However, it's true though that at the end of the year there are usually so many things that happened to the whole bitcoin community even the biggest dump back then happen December-January 2018 if I'm not mistaken and that's such a scary thing to happen.

Many exchanges stop their activities, we must expect new exchanges in 2020, spur that it will be good
I'd recommend only uses reliable and trusted exchange not trying any new exchange that appears out of nowhere because the cycle will basically be happening again and if that goes on, many people will become a victim and losing money all over again. There's just no real reason for using such exchange.
3630  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Initial Model Offering(IMO) replace Initial Exchange Offering(IEO)? on: December 02, 2019, 07:58:46 AM
Very interesting. I've just heard of token sales systems like this. In my opinion, probably, IEO sales of tokens will also be replaced by IMO. But I'm not sure that IMO will be free of scam projects.
I read about the IMO plans that they screen every projects before listing them for IMO on the exchange, still scammers can still be able to gain access since we are in an era of scamming face to face with no law against scammers that shows faces on the internet
They could freely do that because the lack of law enforcement with something that happens on the internet and most of the time the authority doesn't take it seriously. But honestly, IMO won't replace IEO anytime soon. What I mean is, both the crowdfunding model could just exist and people will have the option. The very first thing people consider when it comes to investing in IEO is the fact that it was hosted by popular exchange and they automatically have the mindset of a project that is hosted by large companies more specifically exchange is legit although this IMO model could just do that.
3631  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH to zero? This guy is dreaming! on: December 02, 2019, 07:23:28 AM
isn't fud like this has existed from the day crypto was born, people are saying it's useless and has no fundamental value but the reality is the opposite. While they are just spouting nonsense crypto will strive for better mass adoption and I will say that this kind of person is irrelevant and you just ignore them instead of making them famous.
Skeptics will always be everywhere and can happen to anyone. But in this case, this skepticism is in my opinion unreasonable because ethereum is a platform that can be used for any type of model and I think ethereum has the potential to rise again
Even the most useless thing out there still have someone looking for it and pay for it. Ethereum which has many use cases and functionality will definitely not hit zero except the blockchain vanished into oblivion but that's not going to happen anytime soon.
3632  Economy / Economics / Re: HSBC Bank to shift $20 billion worth of assets to blockchain-based Digital Vault on: December 01, 2019, 03:14:23 PM
Not really related to bitcoin so it really won't affect it. I believe HSBC is not the first bank to say they are trying blockchain. It's really an issue on physicality, most bank operations are already digital anyway, with bills barely moving.

But it's still a business so I suppose they've calculated they'd be able to reduce operation cost transitioning. That plus it's hip to slap "blockchain" on many things these days that they make it look like a fad. If this would reduce their use for money laundering (I doubt it) then good still.
It's a good move for blockchain adoption and maybe soon with cryptocurrencies too, as there are banks offering Bitcoin ATM too in our country. These might be the start of bitcoin and banks cooperation in creating a business crypto implemented.
Bitcoin bank... sounds weird isn't it? the main point of being decentralized so that you can control your own money and then exist bitcoin bank that could eliminate main point of decentralization because I'm sure that people will fancy it over saving crypto all by themselves because they find it inconvenient to be responsible for their own money but well, if that really happen. I'm curious how the entire community will change from online wallet dependent to crypto bank dependent
3633  Economy / Speculation / Re: Is the halving a catalyst for a Bitcoin price bubble? on: December 01, 2019, 08:29:48 AM
We all know that the supply of bitcoin is capped at 21 million and all these halving are predetermined event which everyone actually expected and I can't see this could drive the price up somehow. But, it could indeed become a catalyst aswell as a method to spread out news regarding bitcoin and giving impression that bitcoin is becoming scarce which could probably indirectly affect the whole market perception regarding the current market trend but that's it and nothing more, forget about bubble because it's not going to happen anytime soon but, just my opinion tho.
3634  Alternate cryptocurrencies / Altcoin Discussion / Re: $16M in Stolen Ethereum from Upbit Were Just Transferred on: December 01, 2019, 07:53:00 AM
Looks like it will be not so simple to withdraw this money for hackers. Everybody are watching for them
Well every movement is literally reported by media and as you said it's not simple. That's why I've repeatedly saying that chance the hackers is going to cash out at the moment is slim. it's more likely that they will deposit it to their cold wallet and leave it for months or even years after this case is not a thing anymore however I'm pretty sure that the entire crypto community will always watch the address' every movement just like how we can know the movement of every whale address without any effort.
3635  Economy / Economics / Re: Crimes involving crypto have risen on: November 30, 2019, 11:14:47 PM
"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
wow, this is really an unbelievable number. I think this is because our crypto market is a place that lacks the security and assurance of the law. That's why hackers often want to attack big exchanges to make lots of money and nobody knows when the wallet address is owned. Our crypto market default is risky at the beginning, so we can't avoid this.
Criminality happens everywhere and not just involving bitcoin it just happen that bitcoin is advanced in term of remmitances and could send money in an instant. These criminals could actually send money like using WU and still get over with it because no one know what they are transacting and what they know is the person just sending money to someone else anyway. Nowaday there's the implementation of KYC with purpose to fight scam and money laundering and I think it works quite well but can't entirely eliminate the problem because bitcoin is p2p and people could just do an individual transaction but I guess in the future we'll see some kind of regulation again.
3636  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: IDAX Crypto Exchange Confirms CEO Dissappearance with Cold Wallet Keys on: November 30, 2019, 01:46:07 PM
Here's the reason we should not store our assets on exchange, like this news

According to the article it could be a type of exit plan.
This can be happened in any exchanges. There are many ways to lose our funds this is the one example.


When I read that news, I wasn't so surprised since we've been seeing different patterns of exit scam by exchanges and crypto projects alike. However, I like the fact that China for instance is tightening regulations for exchanges, closing down all unregistered exchanges in their jurisdiction. In the scenario of IDAX, the CEO could have been brought to book easily if there were tight regulations, since it won't be so hard to track him down. CEO eloped with cold wallet sounds so wacky!.
or IDAX CEO are too afraid of being raided and just get away with the money because dem monies are just too shiny? I don't know where IDAX's office located but it seems that their exchange is chinese ones so maybe they have an office in China.
Even that, these kind of exit scam is just wicked to run away with people's money like that and I'm really doubtful that the police could somehow caught him because you see even the corruptors of certain nation the police still have a hard time dealing with those. Let alone these so called CEO of exchange that could possibly faking their identities.
3637  Economy / Exchanges / Re: another crypto exchange hacked on: November 30, 2019, 08:20:05 AM
Well unless they will cover up the losses, It seems that South Korean exchanges are favorite targets of hackers or maybe some exchanges security are just weak. This is not one of the biggest stolen funds of all but if this happens regularly traders will begin to lose confidence trading in big or small exchanges. 
Well, I'm pretty sure they just pick any exchanges they deem to be hackable plus could bring quite a bit of profit in their pockets. Luckily, they decided to be honest and completely open up with the issue and took responsibility for it. This just goes to show that any vulnerability available to the hackers could easily be taken advantage of, especially with the ever growing community of crypto which seems like a big fat lamb to them.

Also since OP didn't link the article, here it is

But having all these Korean exchange being hacked is indeed kinda, odd. Maybe it's because the volume there are quite huge or just simply vuln and can be exploited but I think they need to invest more into security. This is also why when new exchange appear, they should undergo a code review so that it won't be exploited because honestly, some exchanges are lacking their concern in term of security.


One of the reasons why online wallets or even exchange platforms are not a good place to keep your funds. Especially if it is a huge amount of money. Hackers are just looking for a good moment and a good target where they can breach the security to steal money. Hardware wallet will always be the safest storage for crypto funds. Never leave your money online.
Most of the time hackers are taking over the exchanges' wallet that hold tremendous amount of money though, but it's advised to use hardware wallet or if can't desktop wallet. But, a wallet that is not saving the private key generated into the server is relatively side but not advised.
3638  Alternate cryptocurrencies / Altcoin Discussion / Re: You think that governments might adopt cryptocurrencies to replace fiat currency on: November 30, 2019, 07:15:59 AM
Currently, in this day and age, all governments around the world have adopted fiat currencies as a means for its citizens to trade with one another and to trade with other nations around the world. However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?
   
I can see that fiat currency has many flaws as all types of currencies before it, but with the new “government cryptocurrency” would it be able to solve the problems that fiat currency has and make a better economy? I’m not really sure myself as I can’t really predict the future.
   
Considering that fiat currency replaced all the previous currencies before it, would cryptocurrency replace fiat currency in the future?


The government loves control and fiat gives them that power to do so, blockchain and cryptocurrencies are hardly controlled thus the term decentralization. Because of this control, removing fiat and holding on to crypto might be a difficult thing to do, even if they should, it will be a centralized cryptocurrency that will still give them power to do whatever they want. Who knows, in years to come it might be a reality but for now, I don't think it's possible.
It is already a reality, the centralized cryptocurrency. What do you think all those stablecoins are? despite being a little bit decentralized because some of stablecoin relies on the already existing blockchain from smart contract platform like Ethereum their value heavily depends on the company behind it and the company can do whatever they want with the coin even printing them as much as they can. I'm sure that some of government out there have in touch with centralized blockchain or you can just take over all the nodes existed and it will automatically be yours.
3639  Alternate cryptocurrencies / Altcoin Discussion / Re: $16M in Stolen Ethereum from Upbit Were Just Transferred on: November 29, 2019, 03:46:57 PM
Hackers can cause the destruction of the crypto market. This is a terrible truth that we must admit. However, I want to believe that the crypto community will be able to cope with this problem. Unfortunately, hacks are still happening. When will it stop?
Quite amusing, the market is not being dumped or having a panic sell but instead it's climbing up little by little. It seems that the market could cope with the news or even don't care at all because it's not or later all these coins will eventually be dumped to the market anyway even without the hacking. However, that much of money being hacked will not be gone if they just invest into having more robust security. The thing is, the hacking will not stop because if there's new exchange site that means a new exploit aswell. It seems will go on for a longer time.
3640  Alternate cryptocurrencies / Altcoin Discussion / Re: Why invest on a project because someone said they are good? on: November 29, 2019, 03:14:42 AM
A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

It depends on who that someone is. If that someone is just a random guy from somewhere in the internet, then it is really not right investing on a particular coin. But if that someone is like Jeff Bezos or Bill Gates, I might consider investing on the coin. I have not invested on Litecoin Cash. Just by the name of the coin, I know it is nothing but a mere replica of the Bitcoin Cash of Bitcoin.
Even if those are Jeff bezos or Bill gates I wouldn't trust them I mean why should I? It's always better to trust on yourself in this case because it's your own money and not theirs. Even Jeff Bezos or Bill Gates could have their own motive. Maybe, the hype will build up because people always believe whatever the billionaires saying in term of financial and economy is the truth and therefore makes the coin gaining popularity or even instant profit but it's just temporary. There's just too many factors need to be considered and while these testimony from the billionaires could make the spotlight they are not the deciding factors.
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