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4181  Economy / Economics / Re: Market Cap Crypto VS Biggest Companies on: January 08, 2021, 10:15:12 AM
Once Google release their projects to the public, I think that they will be racing back to the race. They have a lot of projects that are currently in the works, the one that I know of is their quantum computers.
I have been hearing this since the last decade. Although it will be good if it really ends up in public, but I doubt quantum to end up like that. Google's top devs know the dangers it possesses in it falls into wrong hands so even if they do develop it completely, it will remain as a RnD project that only they use if needed. Besides this would end up fullfilling the bitcoin takeover by quantum conspiracy theory which we dont want in reality. Google's devs know that would be something good for the future hence my statements.

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Those "die hard gold bugs" will be too late when they finally made up their mind, the supply of bitcoin is already running low and they are still thinking, what a goof.
This is the wrong way of thinking. The point is not about taking revenge on gold bulls being a bitcoin bull. The point is to understand what you need to profit.

See gold's importance is its resell value and acceptance all over the world. Bitcoin's importance is its censorship-resistance and decentralization. Both are completely different things appealing to completely different groups of people.

Again this becomes a apples-vs-oranges debate and hence useless.
4182  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you think DeFi season is going to be just like Altcoin season? on: January 07, 2021, 05:59:03 AM
This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people
When bitcoin has a stable price which season for altcoins will come
At least some ICOs had proper teams and a vision for development, putting aside the fact that majority of them were scams. Even them comparing with DeFi reveals that majority of these are copy pasted stablecoins and lending pools.

The false promises of passive income and getting rich which were used to take away investors money still exist there and hence should be avoided.

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Defi season is not the season for altcoins
It is seeing a decline currently due to uprend on bitcoin price. I hope this hype grows down but knowing how these communities grow based on smoke and mirrors I doubt it will be stopping newbies from getting scammed again.
4183  Economy / Economics / Re: Market Cap Crypto VS Biggest Companies on: January 07, 2021, 05:46:23 AM
You are getting a wrong idea if you are hoping to "flip Google". That is not how the economy works my friend.

While majority of the users in this forum are either owners of bitcoin or hoping to buy some bitcoin, they will feel bullish with this statement. But out there is a whole cruel world which does not run without corruption. Multi national companies (MNC) know how to keep the market in their hands and to them a new currency is nothing even if attempting to take over their capital volume in numbers.

Also don't forget that many crypto investors are also stock market investors. They go with both and honestly that is the more logical approach - when one falls you can rely on the other aka best of both worlds.

Companies themselves buy bitcoin adding it to their portfolio and thus becoming the whales. So no point saying "flip Google" but accept that bitcoin has been flipped by MNCs.
4184  Economy / Trading Discussion / Re: Btc and alts on: January 07, 2021, 05:36:05 AM
If people want to play secure, it's better to put all altcoins on BUSD or USDT to keep you liquidity, we don't know what can happen, and at this hours the market look very red
Putting altcoins in USDT might look pretty good when the price of the altcoin ke low. Now since the pump happened in BTC and subsequently in alts you are making such a statement. Perhaps the top altcoins are going to be useful in this regard but majority of users here have bought shitcoins and are far from profits in them.

Again it's great if you can sell altcoins for USDT - hold the tether till bitcoin drops and buy the bitcoin at the dip. Scenario might not always work and you will be stuck with tether in your portfolio. Still that us less evil than owning shitcoins which go nowhere.
4185  Economy / Scam Accusations / Re: [SCAM] cryptominer.trade - Ponzi scheme on: January 06, 2021, 07:33:11 AM
I have been following this checklist:

1. Celebrity like profile picture
2. Proper name in username
3. Not common in any groups
4. First message from them is always a "hi/hello" without saying why they are contacting you.
 
You can be 100% sure that it is going to be a ponzi promoting scammer. I made it a point to no longer reply to any such users and block them right away. After a few months when I see by blocked list, I see most of them deleted their accounts. Cheesy

Thanks for posting this though. Hoping some bamboozled newbie gets warned by this and does not fall for it.
4186  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which project should I invest in? on: January 06, 2021, 07:27:21 AM
In fact, it is not the equivalent of a river that you can easily fish with a net if you want. Because this is the crypto market where you have experience to make a profit and you have to catch the best currency. So I think you need to practice more so that you can easily get involved in good currency.
Correctly said. The concept if fishing for fish is a wrong statement here. We dont fish for coins in this market. Because 99% of all altcoins are worthless in the long run and buying them will only mean that you will enter a vicious cycle of frustration and despair. These coins are only meant to bring money to the project owners from the hands of the investors and therefore need to be avoided.

In short, bitcoin is the only crypto that one needs to invest in. If you cant get hands on it, which is pretty much correct at this price, then dont buy anything else just because you have money at hand to spend. It would be a wrong investment decision and one you will regret for years.
4187  Alternate cryptocurrencies / Altcoin Discussion / Re: want to invest .. on: January 06, 2021, 07:24:15 AM
I suggest a normal person who has a little capital to invest no more than 20% of their networth under normal circumstances (definitely no lingering debt)
20% is still higher if put in crypto. I would go with a safe 10% for it. Definitely only thing that needs focus is bitcoin and not any altcoin.

The point is, OP might not have enough fiat at hand to make a significant purchase of bitcoin at this price. By significant I would say at least 0.1 BTC on their first purchase. That itself is a huge amount in today's market.

Now here is the point where a newbie trader will make a mistake. They will look for other methods to spend their money, namely altcoins. Currently they are going up and seem all goody-goody but I have been watching the market long enough and I know that buying them is a wrong move. Firstly this is the time to sell altcoins. Secondly altcoins have got no long term holding value and hence buying them is a waste of that money.

Missing out bitcoin's bear run does not mean you need to get FOMOed. That is another mistake.
4188  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think that planned pump and dump is ethically acceptable? on: January 05, 2021, 07:16:55 AM
When you make profit, some has made lose and market keep on moving.
True, but the market here is unregulated and like a Wild West. Hence considered more risky than the fiat markets.

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I can be against pump and dump if it is a worthless coin made for only the purpose to scam investors.
99% of altcoin projects are that. Cool

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Such coin just only pump and dump for life to the disadvantage of hodlers as it may not come up again in the market or get removed from exchange.
PnD is always going to be disadvantageous to hodlers and advantageous to the people doing it. If you are holding some coin which is prone to getting pumped and dumped, sell at the next pump and forget about that coin forever. Bitcoin rarely sees pump and dump that makes its price inflate or deflate too much hence there is no problem of holding it for long term.

It is one of the bad effects of having an unregulated market, you have nothing to do here but accept it and try to use it to your advantage.
4189  Economy / Speculation / Re: What you'll do when BTC price will go down heavily and fast? on: January 05, 2021, 07:11:38 AM
It all depends what is your idea of BTC and where you think it will go. If you think it will go to 100k its more or less same to buy yesterday or today. But if you look on less profit then you look on graphs and you can get pretty good idea when to buy...
100k is out of the realistic spectrum for now. Current price saw a downtrend from 34k to 30k - thats is a heavy resistance and selling pressure. The more realistic target would be the 35k USD provided the current floor pricing holds at 30k.

Making unrealistic claims to bitcoin price and holding till that is reached is being stubborn. 100k will take a long time to achieve and hold even with this bullrun - because when the bear run starts we dont know how low it will go and trust me, bear run will happen with time.

Hence you must sell at a 10% or so gains range. Then buy back at bear markets. This is not a hit and run game but a continuous grind.
4190  Economy / Scam Accusations / Re: [Scam]: MyEtherWallet (MEW) Phishing Site on: January 05, 2021, 07:05:56 AM
The scammers are taking advantage of the upward rise in price on bitcoin and altcoins. Seeing this old method after some time now.

However I would like to know where the OP came across the link in the first place. Most advanced and cautious users who know about these methods of loss will have already bookmarked the correct URLs on different browsers and only use those to visit the site.

Possible that the site domain is getting SEO and being spread on emails, social media - the usual modes of spreading scams.
4191  Economy / Speculation / Re: What you'll do when BTC price will go down heavily and fast? on: January 04, 2021, 02:42:28 PM
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
BTC went down from 2017 to 2018. It was not a good year for BTC, if you are being specific about this time period. What to do during a bear run if you ask me, in general - I tell people to put aside the negativity and use their available liquid cash to buy bitcoin if feasible.

While 2017 was a bull run for bitcoin, at that time you sell bitcoin and hold the fiat so that you could buy during the bear run.

See this cycle was nicely happening in that 2017-2018 but many people bought at the then ATH of 19k USD and got busted in 2018 bear run. What we should learn is not to repeat such a mistake, because it costed investors a lot.
4192  Economy / Scam Accusations / Re: [SCAM] Operand- scammy DeFi that copied another DeFi content! on: January 04, 2021, 02:36:10 PM
We are a softfork of a Reflect Finance of cause we have half a technologies the same.
That is the shittiest excuse I have ever heard in this forum from the DeFi scammers like you. Nice addition to the list.

This was not mentioned anywhere on the website or the whitepaper. Just because whitepapers and projects are out there does not mean you can just copy their topics and content and make up your own project which is nothing but vaporware.

The concept of "Open source" allows you to copy code, not content. Dont over-extrapolate things in your favor. It is plagiarism if done without consent from the previous project owners.
4193  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Upcoming Projects Doing Scam on: January 04, 2021, 02:30:45 PM
You are right, most of the people here will fall for the nice talks and fake promises. A company will do massive allocation to the bounty community in order to raise the funds, but every company will scam at least, till now very few bounties are very successful in the cryptocurrency. So we should always be very careful when choosing any bounty.
Massive allocation in this market pretty much begs the tag of scam project. Most projects which were even close to being successful did a reasonable allocation to bounties and kept small portions to advisors and team so that neither of these groups can coordinate a pump and dump and make the market price drop by huge amounts when listed.

You can be careful but you will still fail because 99% of projects are failures from the start. What these owners do is that they test the waters by going for a funding in this non-regulated market. If it goes well, then they gambled a win but even if they lose, it dont matter to them, they got money and sold you their shit which is worth nothing.
4194  Economy / Economics / Re: NFL Player Salary Paid in Bitcoin on: January 03, 2021, 06:16:27 AM
I dunno, he was tweeting about bitcoin and wanting to be paid in bitcoin in 2019, long before this most recent insane run. I suppose it’s possible to be a publicity stunt, but to what end?
Topic linked was in December so I assumed that it was in 2020. Wanting to be paid in BTC since 2019 - but did that come to reality in 2020 along with all the bitcoin pumping tweeting?

In any case I would classify this as a publicity stunt for gaining attention and so on, just like all those celebs back in 2017 during the ICO hype that pumped bitcoin.

If that is true though, then it is indeed sad that players are being made to accept things that they dont know about because their managers are the ones who actually run the PR. Sad truth of the sports industry in modern days.
4195  Economy / Economics / Re: Buying a Tesla with Bitcoin on: January 03, 2021, 06:11:56 AM
Like the 10,000 bitcoin pizza, nobody will want to spend any bitcoin with all these price rises because you never know if it will be worth 20% more a few days later.
Money value once objectified loses its importance over time. Same with pizza, cars and so on. That "rich life" motto might seem like a dream but the point is the intelligent trader does not waste time on that. You can very well buy a Lambo or a Tesla and hope for a big status symbol in your city. But truth is, most countries in the third tier dont have roads accommodating driving a sports car or a Tesla.

Eventually when the street dog pisses on your super rich car's side, you will get infuriated like anything but wont be able to do anything about it - sad truth of the world.

Is it not better to spend that money somewhere else and buy an medium class car that wont burn your entire wallet but still give your decent wheels to ride on?

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Would Bitcoin survive if it was kept only as a rather rare store of value, like gold, or does it need to be used regularly like currency to retain it's pure to future buyers? It will be interesting to see.
No need to use it regularly if your local shopkeepers dont accept it - plain and simple.
4196  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: January 03, 2021, 06:07:26 AM
This is good because the more bitcoins they tend to hold, the higher price will be. But they can manipulate the market price too if they want through selling their bitcoin and see the bitcoin price suddenly dumps. But for now, selling their bitcoin might be far from reality seeing the market price continues to surge.
They are held by fund managers for companies, whose job is to show green across the board when the investors demand it. Hence even if a big company holds bitcoin, they are contributing more to the "weak hands" group of people who sell right when a bear market starts and dont buy till it gets over. Hence more chances that they will end up bleeding the price out when support is actually needed.

Not saying that institutional money is bad, some have hedge fund managers who actually do their job instead of inflating stock prices of their companies but even then for them it is just another asset class that have entered their client's portfolio.
4197  Economy / Trading Discussion / Re: NEW Abbreviation on: January 02, 2021, 06:46:08 AM
All time high is used for that price which was the highest among all Highs compared together. You can say New ATH more often and I appreciate the bullishness in your comment, however it would not make sense.

You can make a new abbreviation and make it popular. But I dont see any of the market volume aggregators use the term because to the ATH is the highest one ever, not separate prices. That only complicates matters. We are here to make things simple for future generations.

Keep up the bullishness and OP might get even more happy with more "New" ATH price tags. Grin
4198  Economy / Economics / Re: NFL Player Salary Paid in Bitcoin on: January 02, 2021, 06:40:15 AM
After reviewing some of Okung's tweets, he appears to be quite the bitcoin bull, and backing it up by requesting half his 2020 salary in bitcoin.
To be honest, this is a PR stunt in order to use bitcoin and its glorious bull run to gain popularity and appeal to the bitcoin users on social media to follow them.

That has been the case with every other celebrity/sports personnel commenting about crypto and so on. Probably the guy himself knows nothing about what bitcoin is and how it works - I can bet on that. Social media comments are never done by the person whose name is on the account but social media managers (SMM). Just tell them to pump up the account with some bitcoin related stuff and pull up the media for such a stunt and you are good to go.

Skeptical but in many cases this is the proper case. Wink
4199  Economy / Service Discussion / Re: i give up on: January 02, 2021, 06:30:29 AM
At one point you have to get yourself verified with your KYC in order to trade. Thats the way it is, denial is not an option here sadly.

Has it been dry like this for several months or during this bull run it has dried out?

A perfect exchange does not exist because you are thinking of an ideal one. You will get liquid markets on centralized exchanges and even most decentralized exchanges. Guessing you have not tried a centralized exchanges yet?
4200  Economy / Scam Accusations / Re: [SCAM] Gamma Coin > Fake Team with stock photos on: January 01, 2021, 05:24:10 AM
xyz domains are well known to promote scams, mostly done in the ICO era of cryptocurrencies (2016-2017). However a newbie will not know this vital piece of information that older users know.

Trying to open the site itself give a warning on browser.

True, they are doing an airdrop right now and I have seen tons of people sharing it. Its awful how people do not even research before do tasks for these kind of projects.
Dont feel bad about that, its common for brain dead airdrop hunters and bounty spammers to mass join every airdrop on the internet and then sleep over it thinking they will get rich quick but not knowing that they promoted a scam.

A little bit of checking and pondering over the stuff will eventually reveal it is a scam, but these hunters will not do that because they want to get rich quick without doing any work in the background. Cheesy

But thanks for posting this, hoping some newbie who has even a little bit of grey matter left will read this and understand that no matter bullshit they feed you to get your money, this project is a scam.
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