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3981  Economy / Speculation / Re: WoW! 3/13/2020 BTC Lowest Price Was $4,916.78! MOON Shot! HODL! on: March 10, 2021, 12:52:17 PM
The Bitcoin prices have reached ATH in 2021 with trading at $55k on coinmarketcap(After huge investment in the market again).This price level has reached within few months of time span.Before pandemic Bitcoin market was bullish from 2017-2020 beginning and trading between $10K to $4-$5k price range after market crash of 2017 when prices recahed $20k.This pandemic increased the interest of crypto enthusiast and huge investment were made into the market.Bitcoin prices have grown 300% alone this year which is huge surge.The market cap has reached $1 trillion market cap for first time in 12 years.This dips will be part of Bitcoin volatility but you need to HODL until they recah new milestone of $100k this year.
3982  Bitcoin / Bitcoin Discussion / Re: There are no real coins in bitcoin on: March 09, 2021, 05:01:38 PM
Yes you are right there are no coins in Bitcoin.This is how Bitcoin and other altcoins works as they have no physical indentities unlike fiat which is printed on paper.The funds are stored in your wallet in the form of database known as UTXO which means unspent transaction output and its the balance that a person has in his wallet which he can spend by providing digital signature and proof of ownership in the form of private and public keys stored in the wallet.The UTXO increases when you receive funds and decrease when you sign a transaction meaning when you spend your so called coins.Its just for simplification to normal people that Bitcoins are digital coins but in reality they don't have any physical existence but just funds stored in the form of UTXO in your wallets.
3983  Bitcoin / Bitcoin Discussion / Re: The largest companies use blockchain technology on: March 09, 2021, 04:09:56 PM
Blockchain technology is admired by all the organization and governments although they hate cryptocurrencies because of its security and decentralisation form of trust.The list of companies is growing daily that make use of blockchain technology in their system to store online transaction in their ledger in most secure format.Some of the companies that I would like to add are given below.

1) Barclays : U.K.’s second-largest bank is Barclays and one of the companies with blockchain technology. In reality, they are using blockchain technology for streamlining fund transfers and KYC (Know-Your-Customer) processes.

2)Visa cards : In 2016, they introduced a blockchain platform that would deal with business-to-business payment services.

3) Unilever : Unilever is also on the companies using blockchain in supply chain list. In reality, Unilever is currently using tech to manage its tea industry. With the help of technology, they will track all of their transactions in the supply chain.

The list is very vast and will keep on growing with more adoption as new technology has overtaken the convential digital methods.
3984  Economy / Economics / Re: End of the Road: How Money Became Worthless -film which everybody has to watch on: March 09, 2021, 02:05:28 PM
Its really interesting movie to watch if you are interested in economical and political matters of the country.The documentary by Tim Delmastro well depicts the financial crisis affecting the world economy and depicting how messed up our monetary system is and government are printing new notes every day to cover the expenses which will lead to debt traps and money losing its value over time.There is need to adapt to more advanced currency like Bitcoin which will always have a value and can be used as Source of value and payment option in future when fiat will be vanished due to terrible decsions of the Government.
3985  Economy / Service Discussion / Re: Artificial Intelligence Engine App predicts price movements on: March 09, 2021, 01:47:39 PM

The technology is taking every aspect of human life and Artificial Intelligence is now a game changer in this field but should we completely rely on this sources?They are just computer programs that have basic set of rules applied in the backend in any language.But how do they explore the things beyond their limit.The trading app is basically good but paying $30 every month could be phisshy and another scam in the crypto market.You can have knowledge of market and analyze once by paying fees and if you get profits you can continue the services but don't blindly follow their tips but just have some advice from them.
3986  Bitcoin / Bitcoin Discussion / Re: MicroStrategy Purchase on: March 09, 2021, 11:41:19 AM
Michael Saylor - "MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin. $MSTR"

That’s a lot of bitcoins. It’s pretty crazy to think about where we are right now compared to the past. Today, it’s a stressful battle at 48k/coin to break back through 50k or drop back down to retest 43k. I remember when I pumped about it being 5k.
Many big organisations are adding Bitcoin to their treasury reserves replacing it with USD and gold because they have faith in Bitcoin potential and its usage in the future. MicroStrategy has aquired 91604 Bitcoins so far at an average price of $22k if we take all the investment with Bitcoin holdings by the company.This is such a huge amount but still MicroStrategy holds only 0.43% supply of the Bitcoin of total 21 million.Bitcoin has become too expensive and vast that if you spent billions you would be having very minor share of the total coins in circulation.They have gained over $400 millions in profit with just investment in few months with prices rising above $50k once again.So they are becoming major whales in the Bitcoin network that can manipulate the prices if they sell but they will HOLD until the prices reached $100k or so because they have paid $50k average per coin but they doesn't matter to big organisations having billions of liquid funds and they will gain profits from this.
3987  Economy / Speculation / Re: Bitcoin Can Go $100K Within End Of This Year(2021)? on: March 08, 2021, 05:51:40 PM
The btc rally in the past few months have astonished everyone and no perfect speculation can be made regarding btc prices.The prices have reached ATH of $54000 before witnessing dips and market correction pushing the graphs down to $47k down by 7-8% within few days.But 2021 is bull run period as most of the investments are going to be made and regulations to adopted by major government and organisations to adopt cryptos.This will eventually lead to prices reaching another high levels of say $70-$80k by this year end.
3988  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto memes! on: March 08, 2021, 04:10:14 PM
Quote
Memes have become one of the most interesting and new way to promote some stuff and crypto memes are new trend these days where you put your creativity to show some reality.[\Quote]



Source : Medium.com
3989  Economy / Economics / Re: Venezuela Planning New 100,000-Bolivar Bills Worth Just $0.23 on: March 08, 2021, 03:59:41 PM
The inflation rates in Venezuela are very high and that's and grown almost 1300% over the years that's why they are printing new notes in the country but that will not match the balance.

Inflation chart

Actually they are suffering from hyper inflation and situation is getting worse day by day and President Maduro needs to take some economy friendly reforms to enhance the country growth

Millionaire in 50 cents

The Venezuelan currency is depreciating day by day due to rising hyper inflation in the country.
3990  Bitcoin / Bitcoin Discussion / Re: Why kids born in 2140 don`t get a chance to mine rewards? on: March 08, 2021, 03:41:31 PM
Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

So you are talking of 119 years later which is more than a century and we can't say what will happen at that time.The future generations will be using Bitcoin as digital currency when it will be Mainstream so why are you concerned about mining at that time.So what do you think they will not have any othe major source of income other than Bitcoin mining?The supply is limited to 21 million and it cannot be increased but Sathoshi have built technology for use by the current as well as future generations.The mining will continue till 2140 which is still very far.The future generations will use Bitcoin and earn through its usage not mining so don't worry about that period.
3991  Economy / Scam Accusations / Re: [Scam Warning] How Telegram & WhatsApp price signal group scam with us on: March 08, 2021, 03:23:43 PM
There are various scams arising these days but can anyone fool you or scam you without you being involved in such matters? If you have quite well knowledge about the prevailing market conditions and socially active scammers cannot fool you.In crypto trading people losse because they blindly follow the tips and invest in shitcoins suggested by these channels as they have no knowledge and only promoting them for money.You need to used your own mind and do market research because there are people who will took undueadvantage of lack of your knowledge and push your to pool of losses and broken hearts.So be your own decision makers.

Indentify telegram scams

They will always be there just report them and save others.
3992  Economy / Trading Discussion / Re: A book to read on when to sell (before a crash) on: March 07, 2021, 05:21:24 PM
Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!
If there were such books available in the market then anyone would have not suffer loss.There no such thing as perfect because imperfections are way to creating new innovations and improvements to upgrade your knowledge and make profits out of them.You can read various books on Kindle or follow trading signals but all you will learn is with your knowledge,skills and experience.Nobody is perfect in this world and you learn with time and build your trading skills to succeed not by reading books.
3993  Bitcoin / Bitcoin Discussion / Re: Indian Finance Minister on Cryptocoin. on: March 07, 2021, 03:06:28 PM
“We want to make sure there is a window available for all kinds of experiments which will have to take place in the crypto world. It is not as if we are going to look inwards and say we are not going to have any of this. There will be a very calibrated position,”

https://twitter.com/CNBCTV18News/status/1367810414679977987
The Indian government is in final stages to submit the bill in the parliament and they are experimenting the usage of Cryptocurrencies in different ways.They have already praised the blockchain technology and are in favour of using it to develop its own digital coin by the RBI.The crypto enthusiast and Exchanges have United to start a initiative to regulate cryptocurrencies in India as mentioned by Nischal Shetty CEO of wazirX leading crypto exchange of India.The bill is yet to be submitted in the current session but the hints have been given by finance ministers Nirmala Sitaraman that most probably the government is trying to regulate the Bitcoin and other cryptocurrencies instead for going on complete ban on their usage. Actually the government has not still not able to understood how they could regulate or use Bitcoin and other alts in efficient manner and they are in experimental talks with RBI to try to figure it out by making a committee for such decisions.But hope for the best because India is one of the leading market of crypto users.
3994  Economy / Economics / Re: Tweets as Non-fungible tokens (NFT) - Dorsey's million dollar tweet on: March 07, 2021, 01:58:11 PM
Twitter founder and CEO Jack Dorsey has made a NFT (non-fungible token) out of his first tweet ever "“just setting up my twttr” and now is auctioning it at "Valuables by Cent". And he is not the only one, actually many people (virtually anyone) can do the same. I think that if this catches speed there may be many more tokenised "moments in history" including videos, first scenes of actors, digital art, ...

Offer's getting ridiculously high.

Potentially, the content of significant tweets will very frequently become property of someone and that will be carefully registered in distributed blockchain ledgers. I can see a clear market for celebrities, politicians and leaders.


NFT's are all around these days as artwork and digital painting are sold in million dollars in Non fungible Tokens (NFT).Released in 2017 cryptopunks were released as first NFT on the Ethereum blockchain.They are just tokens which provide you the ownership of any assest mostly artworks.But whats the fun of getting a tweet through them.What ownership or usage will be of buying the first tweet of Social media Twitter for $2.5 million which is highest bid at this time? So it's just a wastage and these NFT are gaining much popularity around the news.Some of the famous NFTs bid are :

1)10 sec video sold for $6.6 million

2)Elon's girlfriend Grimes sold 10 paintings for $6 million

But I don't really understand how someone can pay such amounts for them.
3995  Bitcoin / Bitcoin Discussion / Re: Security Issues Question on: March 07, 2021, 11:33:57 AM
Some are saying that Bitcoin and Blockchain where created by the Chinese government in order to steal billions of dollars from the worlds users. Do you have any information on this? The data shows that billions have been locked out and stolen already. Who has looked into this security threat?
A fully decentralised currency created by centralized authority to steal from people ?Is that what you are trying to say?
How come Chinese government can hack someone's wallet containing UTXO which is backed up by Private keys and Seed phrase encrypted with SHA-256 and HMAC-512 algorithm to sign the transaction for spending the funds stored in them.A P2P currency developed with motive of creating fully decentralised and secured system could never be a motive of Chinese Communist Party so it's sure they are not behind of such innovations.Moreover the coins which are lost due to loss of private keys,death of owners of the Funds,hacking into systems and all that.

List of top Dormant Bitcoin addresses

So it's just your false opinion nothing else.Try to search about Bitcoin and its functionality and you will know it's true reality.
3996  Bitcoin / Bitcoin Discussion / Re: Guy using bitcoin to cover his tracks while running from the authority on: March 07, 2021, 11:20:04 AM
 The Feds are also also technically very much upgraded and have tools to track the fraudulent practices being carried over the internet.So don't portray Bitcoin as digital currency which can be used for such criminal activities because fiat is also used for such illicit crimes and we can't blame a coin instead of people who are using it for such shameful activities.Btc is the most powerful decentralised currency ever built with immense benefits and security is one of them so don't try to defame it.
3997  Bitcoin / Bitcoin Discussion / Re: Innovating mining farms! From strawberries to chickens ! on: March 06, 2021, 04:12:14 PM
People are finding innovative and creative ways by indulging themselves in technical improvement and it is one of the examples.You can earn profit from both the businesses at the same time with less cost.

Profit = Sale of strawberries + sale of eggs + sale of chicken + Getting mining rewards

If you are getting more profit with expenses remaining the same then what's the matter with increasing on your business.The countries which have high electricity cost can opt for such ideas and help themselves to increase their profits.As it is said "Necessity is mother of innovation" so it's best fit in this situation.
3998  Economy / Trading Discussion / Re: most amazing picture I have ever seen on: March 06, 2021, 02:14:07 PM
I would like to add some points in the list from my personal experience and suggested by many of traders

1) Diversification of your portfolio is integral part of trading because there is saying that "Don't keep all your eggs in one basket" because if one coins market crash you loose all your funds at one go.

2) Don't invest in shitcoins available in the market because they will not give you any return over your investments over time and you will incurr losses only.
3999  Economy / Economics / Re: Bitcoin millionaire lists reasons most will never be rich on: March 06, 2021, 01:52:38 PM
Everyone wants to be rich but the dream is achieved by those who take the advantage of opportunity available with them combined with their knowledge,skills,hard work and smart work.Its not just you invest in Bitcoin and became rich.If you want to grow your wealth by investing then you need to have funds and risk taking capabilities at base level.If anyone who have $300k for investing he is already rich man not so?Bitcoin is just one way where you can invest your money and Hold it until the prices reach highest levels and use it as currency at same time not just as investment. Don't take advice from these people because they will again promote shitcoins and push people to false trap of losses.Be your own king and not let your life run by others.
4000  Bitcoin / Bitcoin Discussion / Re: What is the driving force of a blockchain? on: March 06, 2021, 01:35:32 PM
What do you think? (this question is a little bit philosophical maybe)
Blockchain has come a long way and now used both as permission less and permissioned blockchain by the industries according to their needs.But the main function of blockchain is open source decentralised ledger which records all the transaction which cannot be altered after recording and is visible to all.The transaction are recorded in each block mined by the miners after finding cryptographic solution to a puzzle and after verifying it is added in blockchain.
It is currently based on POW concesus but POS is also suggested but not implemented till date.The immutable foot prints and transaction are also main security features of the blockchain technology.
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