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3941  Economy / Economics / Re: Tech companies no longer "friends" on: February 28, 2021, 08:29:57 AM
(....)
The big fours never like each other for many years and now they have to face the biggest competition who might take over their places: Elon Musk. This man with his disruptive technologies have the possibilities to change the world in the most innovative ways while those current BIG FOURS will soon become obsolete and collapse
These 5 companies got different projects as of now. But as time goes by, for sure they will start something new. Just like Facebook, they started Facebook itself as a social media platform, and then they acquired some non-social media-related platform like Whatsapp or Oculus VR.
The future projects or future features on their current product/services will be a threat to each other soon.
Blockchain projects are really possible for these big companies, but I think it will take time as these companies seem likely don't want decentralized, time will come.
3942  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours on: February 28, 2021, 08:20:16 AM
Cardano can easily knock down by USDT, especially if Bitcoin to dump or we will be entering the bear market.
If you experienced the previous bear market, we saw the USDT really gaining a huge market cap? It is maybe because a lot of people converting their cryptocurrencies to USDT temporarily.
Cardano will be like BNB recently, after few days in the Top 3 it being replaced.
3943  Economy / Speculation / Re: what is correlation between bitcoin halving and bullrun on: February 27, 2021, 06:27:24 AM


Bitcoin block halving is an event where the mining rewards will be lessened on every 210,000 blocks (approximately every 4 years). And I believe this is one of the solution for the inflation rate, limited supply.

If you will take closely at the chart below, the list of previous halvings was labeled and you see the price action on every after block halvings. I believe the block halving event on Bitcoin is really important, not only on Bitcoin itself but for sure on everyone, it kinda Bitcoin become popular on each block halving which the price is driven by the market, the demand.



Check more here: https://www.bitcoinblockhalf.com/
3944  Bitcoin / Bitcoin Discussion / Re: Very high fees - bitcoin fails on: February 27, 2021, 06:19:21 AM
For OP, why not use the lightning network? Agree with mk4, layer 2 soon will be the solution.
And addition, there are some ways to avoid such high transaction fees, just like consolidation of your small inputs from your Bitcoin wallet, it may help to save transaction fees.
If you check the thread of LoyceV, it shows how consolidating small inputs works here: [Jan 2021] Fees are low, use this opportunity to Consolidate your small inputs!.
3945  Economy / Exchanges / Re: Cheapest Crypto/Bitcoin Decentralized Exchanage or Wallet? on: February 27, 2021, 06:08:00 AM
Most of the centralized exchange platforms have fixed fee structure for withdrawal which is not possible in decentralized exchanges so the withdrawal fee depends on the blockchain network of the coin which maybe higher or lower respectively. At the moment DEXs are having expensive fee like $50 simply due to ethereum network which is just the opposite 6 months back. So if you are going to use decentralized exchange or wallet then you should know how to analyze the mempool before making transaction.
There are already a lot of ecosystems that got wrapped bitcoin, or they are pegged in Bitcoin. Just like wrapped Bitcoin on Ethereum, wrapped Bitcoin on Solana network, or the wrapped Bitcoin on Binance Smart Chain which is Bitcoin BEP2 BTCB (BTCB).
I think you are talking the transaction fee under Ethereum network which is clearly expensive now even you transact with a small amount only, but there is already lot alternative, just like on the Solana which I mentioned above.
3946  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 1inch Network expands to Binance Smart Chain on: February 26, 2021, 09:22:23 AM
Honestly, if the transaction fee is the problem here, there are a lot of alternatives with the Binance smart chain which is far better for me.
Solana for example is already proven with the recent first AMM under Solana, which is Raydium. I have tried Solana network, I have tried to do some transactions, the speed and transaction fees are absolutely superb.
But then again, 1INCH is a good DeFi project, they can expand on multiple ecosystems soon, not just the Binance smart chain, it's just a beginning for sure.
3947  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: PancakeSwap vs Uniswap on: February 26, 2021, 09:18:57 AM
I believe this is just temporary. Yep, the expensive gas fees on Ethereum are really sick, especially you are just a small trader. Trading DEX or other Defi apps on Ethereum now is for whale players.

I can't blame Binance smart chain will start to compete with Ethereum, not only Binance smart chain, a lot of alternatives these days that is more scalable than Ethereum, just like Solana which recently started their first AMM, which is Raydium.
Once Ethereum will become scalable soon, people will realize how Ethereum is useful.

Identify your goal first, if you are into trading and want to save fees, then use PancakeSwap / Binance smart chain. As I heard, 1INCH will start to expand to Binance smart chain.
3948  Alternate cryptocurrencies / Altcoin Discussion / Re: Eth gas fees and investing on: February 26, 2021, 09:13:29 AM
Binance is kind of centralized coin which doesnt suit to our crypto community, it will last for long until community realize that and choose another decentralized platform.
Also, ETH 2.0 will solve all the issue we have at this time, if not then EOS or DOT will be the alternative.
I don't think it really matters to people any more. Especially to the new bunch of enthusiasts and money makers from developing countries like Indonesia, Turkey, Eastern Europe. Most want low trading fees for instant and complicated transactions. Centralized solutions are fulfilling the need of the market.
(....)
It will not matter in the early stage, but if it will stay forever and in the long term, it's like a ticking bomb.
The beauty of cryptocurrency is decentralized and why it is being ignored?
Ethereum Layer 2 is the solution, other alternatives especially Binance Smart Chain will get hammered by Ethereum soon and others claiming Ethereum Killer, just a matter of time.
No hater of layer 1 protocols or other Ethereum alternative here, I can say they can somehow help the Ethereum network's scalability temporarily.
3949  Alternate cryptocurrencies / Altcoin Discussion / Re: What's up with Binance Coin? on: February 26, 2021, 09:08:43 AM
Everything is very simple and clear - users moving to Smart Chain create a demand for Binance Coin BNB. Binance is becoming a good alternative for the expensive and slow working Ethereum, but I think this is temporary and users will go back when the transaction fees decrease.
This is the main reason, I believe! They are competitors of Ethereum for Defi apps, because of Ethereum's problem, which is scalability.
A lot of people also worried about Binance Smart Chain, there is some issue about being a centralized ecosystem and that's why the cost of transaction fee there is really cheap and some of the projects in Ethereum are copied and pasted to the Binance smart chain, which for me, it is already a red flag.
No hate here, I respect the pump Cool  Cheesy
3950  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Peoples behind REEF token are serious? on: February 26, 2021, 08:58:45 AM
REEF for me is still early to judge. Especially they are on the Polkadot ecosystem, which is very unique for early projects that will start to Polkadot ecosystem since some of the projects already started on the different ecosystem, just like Ethereum, the popular one.
They are a cross-chained project, so what I will start to see is how Polkadot will adapt to the market, and then this kind of altcoins will follow.
3951  Alternate cryptocurrencies / Altcoin Discussion / Re: The Best Way to Research About Altcoins. on: February 26, 2021, 08:48:55 AM
1. What is the best process to conduct a research about Altcoins to invest in?
Cryptocurrency is evolving, there are a lot of projects these days now, just like decentralized finance (DeFi).
So, the best process for me is to find a problem solver, a solution to a problem. And the most ideal is that there is already a product or it is already working, not a fan of an altcoin that is hype only, mostly in just a whitepaper and no product at all.

2. Based on your opinion, what are the top 5 Altcoins i need to focused on and probably invest in?
What do you want? High market cap now or those still in low market cap?
I think it is much is to select first more than 5 altcoins, then filter it to 5 altcoins.
Like you find the first 20 altcoins, then each of them you research then just select 5 altcoins that you are interested in and got your attention.

What I am still researching and got my attention these days are Ethereum, Polkadot, Solana, Serum, and FTT. Just my 2 cents
3952  Economy / Economics / Re: Coinbase has filled for going public on: February 26, 2021, 08:43:00 AM
Any ideas if some crypto exchanges will follow Coinbase? Or some exchanges may become bullish about this? We all know that some crypto exchanges these days got their own tokens, which have different uses or benefits if you hold them within their respective platform.
And addition to the Coinbase filing, could be a disaster for Bitcoin or the whole crypto sphere once Coinbase will be rejected?
3953  Other / Beginners & Help / Re: Minimizing bitcoin transaction fee on: February 26, 2021, 08:40:34 AM
Inputs consolidation and sending to multiple addresses
This method is really useful and I am using it regularly.
The best time to do this method is when the transaction fee is cheap, just like 1 satoshi/byte.
If you want to check the current transaction fee, you can use btc.com or coinb.in or this.

For more information about this, @LoyceV created a useful thread for inputs consolidation here.
3954  Other / Beginners & Help / Re: Someone asked me he got $500 to invest in btc, is it the right time to enter? on: February 26, 2021, 08:34:17 AM
Additionally method for buying method these days can be done on average.
Let's say if your friend will buy now at around $44,000 price of Bitcoin, let's say 50% first of $500, her/his choice, then the remaining can be bought next weeks/months, even which price Bitcoin will be.
Honestly, it's really difficult to spot the bottom. But if your friend is for the long term and he will buy and hold then come back in years/decades, the price will not matter for sure.
3955  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Gemini Altcoins on: February 25, 2021, 10:58:30 PM
How does Gemini choose its altcoins? Are the altcoins they list worthy of consideration over non-listed coins? The list seems random to me...
(....)
Such exchanges want to protect their users or customers.
One of the reasons why Gemini or other exchanges only added few cryptocurrencies or trading pairs to there is the market cap, if you notice the list of tradable coins on Gemini, most of them are a high market cap, trading volume too. So it means that the market is active for those coins, a lot of people that are buying & selling.
And also, some exchanges and maybe Gemini too are very strict when it comes to fundamentals, that's why they don't list random altcoins.
3956  Bitcoin / Bitcoin Discussion / Re: The Mainstreaming of Bitcoin and Crypto Continues on: February 25, 2021, 10:52:40 PM
(.....)
(.....)
But now, the challenge is how these small investors and average people could buy Bitcoin when the price is expensive? And much more if the price will be doubled $100k, I keep fiat instead.
Would you rather buy dollars than Bitcoin?
There are a lot of methods how small investors or average people on how to buy Bitcoin even how it is already expensive, just like DCA (Dollar-cost averaging), buying the dips.

And if you are thinking for the long term, the $100k price of Bitcoin for me is extremely cheap. If Tesla able to buy $1.5b worth of Bitcoin at around the price of $30k, why us, small investors, or average people can't buy even a few bucks of Bitcoin?
3957  Economy / Speculation / Re: Has Elon Musk's twit caused the Bitcoin bubble burst? on: February 25, 2021, 10:46:36 PM
Which tweets?
Elon Musk is a funny person sometimes. Some of his tweets are purely just for fun or meme purposes, some may sarcastic.
Even how Elon Musk will make some tweets in the future, people will start to adopt it, people will learn and start to treat it normal, one example is the FUD spreading on random news articles or sources a few years ago.
3958  Economy / Trading Discussion / Re: Why Bitcoin price is so volatile? What are the major factors that drive it? on: February 25, 2021, 10:42:23 PM
Bitcoin price is volatile could because of some reasons.
  • Speculation - different views on Bitcoin. If you are not familiar with or no knowledge at all of Bitcoin, you will not buy it.
  • Bitcoin is still early - a lot of people still not introduced to Bitcoin. Less adoption, less trading volumes.
  • 24/7 can be traded. Compare with stock markets that they have opening hours and closing hours for trading

Comparing other assets with Bitcoin especially with the stock market is good with the price only, but technically on fundamental, they are totally different. And they're also some charts that showing some correlations with other assets' price on Bitcoin price, just like gold.

I believe having a lower market cap, is more prone to price manipulation, whales can able make some move to price themselves.
3959  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Scam Coin On Binance on: February 25, 2021, 09:55:04 AM
Is there any scam coin on BINANCE?
No idea about this. When it comes to listing coins, I think Binance is very careful with listing coins. And not sure any scam coin would find its way into Binance
Nah. Even how Binance is very careful to check before listing, there are still a lot of altcoins that are listed on their exchange that may turn into SCAM or some of them are already scam but people still don't notice it.
Since at the first, how can we define a "SCAM COIN" at first? Can we tell Ripple(XRP) is a scam coin? Bitcoin Cash? It's kinda difficult to tell if there is no specification.
3960  Economy / Exchanges / Re: MicroStrategy has bought more $1.026 billion worth of Bitcoin. on: February 25, 2021, 09:41:42 AM
That's a huge purchase. Michael and his company know what exactly they're doing. MS is one of the companies that has been stably buying bitcoin, a dip or not. There's also news for it from CNBC.
(https://www.cnbc.com/2021/02/24/microstrategy-buys-more-than-1-billion-worth-of-bitcoin-adding-to-massive-holdings.html)
Now I don't think Saylor and MicroStrategy know exactly what they're doing. Because they could buy BTC below 10k$ during almost 2 years and they didn't do it, they've waited 50k$ and now they are FOMOing at the ATH...  Undecided
You do realise this the their 3rd purchase of Bitcoin to date. Their first purchase was last year at $11,111 or so. Then they made another purchase I think at $25K and then this purchase at $53K, they got a very low average price right now.
(....)
The total of 90.5k BTC that MicroStrategy owns at around $24,000 price average now. They are still up around 50% if you compute it now, but this is not the deal, not the short term. Michael Saylor indeed looking for the long term, that's why they bought another around $1billion worth of Bitcoins recently at above $50,000 price.

+1 with adaseb, who else don't want Bitcoin with limited supply compare to those dollars with you don't the supply  Wink
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