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4521  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency crime in Netherlands. on: April 30, 2020, 11:49:09 AM
This is great news.Obviously,not all hackers and scammers are located in third world countries and North Korea.
Those "expert hackers and scammers" eventually got caught,which means they aren't that big experts. Grin
I wonder what hosting were they using for their phishing scam website?I assume that the only way to catch those people,is to push their hosting provider to reveal their identity.Were they using some offshore hosting company?Anyway,it's good to know that the police is going a good work.
4522  Bitcoin / Bitcoin Discussion / Re: MY BLOCKCHAIN WALLET WAS STOLEN 0.39070099 BTC !!! on: April 30, 2020, 11:24:38 AM
I did a search about the address 1EvVR9JcUGvP2S9bHKvs7EzkoeXR12NTyS on bitcoinwhoiswho.com and it seems that the scammer had stolen around 2.6 BTC/about 23,355 USD.

https://bitcoinwhoswho.com/address/1EvVR9JcUGvP2S9bHKvs7EzkoeXR12NTyS

This address can be reported as scam on bitcoinwhosiwho.com,but additional evidence is needed,like screenshots,type of scam,etc.Perhaps OP can provide this info and report their address as scam.The stolen bitcoins most likely will never get returned,but other people should be aware about this scam.
4523  Economy / Speculation / Re: say welcome to THE FOMO... on: April 30, 2020, 06:10:58 AM
as we are getting closer to the halving and the recovery ends the price is starting to get warmed up for the big rises to start happening again.
on top of all that, we had all those panic sellers who are now left with a lot of fiat among them who were waiting for the dump to repeat so they can buy back.

here comes the FOMO...

surely enough within half a day price is nearly up $1000 and right now traffic to exchanges is increasing with crazy speed. the number of withdrawals are also so much that transaction fees have jumped up about 30 times...

where do you think the price will be by the end of halving event?

Last week,I had a shortage of cash and I had to sell some of my BTC for fiat to pay some bills. Angry
Now I regret that.Anyway,the crypto market is going up,the corona pandemic is going down(if we can trust the statistics) and the BTC halving is getting closer.We are in the FOMO phase,but I'm not that optimistic.There will be a short term price pump,like last year's price pump in June-July,but after July the price will stabilize under 10K USD.I'm just speculating,this is not some opinion coming from an expert.
4524  Economy / Economics / Re: Will the Oil be burned and how it will affect the climate on: April 30, 2020, 05:39:27 AM
Hello friends!

Recently I heard some news that countries consider burning oil because there's no more place to store it.

As you know the oil production volumes are huge, and this means that a lot of oil will be burn.

So the question is, how will it affect the earth's climate? Is this a significant concern for the environmentalists?

Burning oil and wasting it instead of giving it away to the people for free. Angry That's how capitalism works.
This is the most stupid idea I've ever heard.Oil prices will go up after a few years.It's way better to just invest in new storage facilities and keep that oil and sell it when the oil prices recover.
Can't the OPEC countries just stop producing oil for a while.I know that many workers in the oil industry will lose their jobs,but they can be compensated and this will be temporary.
I don't think that the climate will be affected.There's enough pollution already,a few million barrels of burned oil won't change anything. Angry
4525  Bitcoin / Bitcoin Discussion / Re: A perspective of the future of Bitcoin.. on: April 30, 2020, 05:22:03 AM
You are right about our privacy and freedom being our wealth.Unfortunately,we have to giveaway our privacy and freedom in order to gain money and resources.That's how the civilization works.You have to "sell" your time and labor by working a 9 to 5 job.Social media corporations want to know your interests,beliefs and other personal data,so they could sell that info to the advertisers.
The future of Bitcoin is uncertain,so is the future of everything else.Government regulations are inevitable and whining about having strict regulations,KYC and having to pay taxes over crypto revenue is simply pointless.
In the future almost nobody will be completely anonymous,so privacy becomes an even more valuable asset.
 
4526  Bitcoin / Press / Re: [2020-04-26] Global Deflation May Not Be Bad News for Bitcoin on: April 28, 2020, 11:39:31 AM
Deflation is a short term phenomenon,while inflation is mostly a long term process.
The USD printing by the Federal reserve system created inflation across the financial asset markets(price bubbles) during the last 15 years,while the inflation across retail markets was really low.
I guess that we won't see retail deflation and the financial asset prices will start to recover after 2021.
All the predictions about a deflation being a good thing for Bitcoin are just some completely wrong assumption,made by some wannabe analyst and published as a clickbait article online. Grin
4527  Economy / Trading Discussion / Re: RISK and REWARD are not always correlated on: April 28, 2020, 11:07:59 AM
Risk isn't correlated to rewards,but it depends of the niche and the situation.
If we are talking about business in general-higher profits can be achieved with better productivity and effectiveness,not by taking bigger risks.There's a certain degree of risk involved,but the company can lower the risk of bankruptcy by increasing it's efficiency and finding news niches on the market.
If we are talking about trading financial assets,cryptocurrency trading or gambling-higher risk is ALWAYS  correlated to higher rewards.
4528  Bitcoin / Bitcoin Discussion / Re: What will happen when the last Bitcoin gets mined? on: April 28, 2020, 10:53:05 AM
I have been thinking about what will happen when the last Bitcoin gets mined. In my understanding mining will still need to be done, miners will need to keep their machines on otherwise the networks come to a halt. So, when there is no more bitcoin to be mined, if the network keeps the PoW process, miners will be paid by transactions fees right? So this is my question. Looking forward to reading your comments.

When the Mining rewards becomes zero,the bitcoin price should be high enough to maintain the transaction fee revenue,which those miners are making.If the Bitcoin price is low,many miners will stop mining,the mining difficulty will become very low,and mining will accessible again for the people,who can't afford expensive mining equipment.However,this is just a fantasy.Nobody knows what will happen.
The question "What will happen when mining stops?"  is older than the Bitcointalk forum. Grin
4529  Economy / Speculation / Re: Raoul Pal - Bitcoins to hit one million dollars and warns about US depression on: April 28, 2020, 05:16:12 AM
So this is the new John McAfee,I guess. Grin
This guy thinks that trillions of dollars will be invested in Bitcoin for the next 5 years.Why?
Will retail merchants accept BTC payments?Nope.Will the average Joe abandon all his credit/debit cards and setup a BTC wallet+buying some Bitcoins?I don't think so.The only way for pumping the Bitcoin price that high is to create a huge price bubble with the help of institutional investors-banks,hedge funds,corporations.
Don't get me wrong.I want the Bitcoin price to go as high as possible,but let's be realistic.I want this to happen in a stable and predictable way,due to the mass BTC adoption and not via price bubbles&speculation.
4530  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving 2020 Explained - An Infographic on: April 28, 2020, 05:03:26 AM
This infographic isn't bad,but I've seen better infographics,that contain lots of detailed information about the halving.This one is just short&sweet and straight to the point,without any complicated explanations about hashrates,blockchain,mining,etc.I wonder what will happen after 2040,when the mining reward will become zero and the total BTC supply will be reached.Will Bitcoin survive the next 20 years?Many newbies are asking those questions in the forum,but no expert,even Andreas Antonopolous,can answer.
4531  Economy / Economics / Re: Cantillon Effect and Bitcoin on: April 27, 2020, 11:32:02 AM
Bitcoin isn't the perfect protection against inflation,because the Bitcoin price is very volatile and there's no stable and increasing BTC price pattern,following the increasing monetary supply.The 2017 ATH might never be reached.
If the Bitcoin price is increasing following this pattern during the next 5 years:
2020-$10K 2021-$12K 2022-$15K 2023-$18K  2024-$21K 2025-$24
Then,I would say that Bitcoin would be a great protection against inflation.
However,this price pattern ain't gonna happen in the real world.
The price will have it's highs and lows in the next 5 years and long term price predictions are impossible.
The "Cantillion effect" will continue until the end of the fiat financial system.
4532  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is sort of a Phoenix which Grows Stronger After it's Notice of Death on: April 27, 2020, 05:48:35 AM
Some of Bitcoin’s critics never miss a chance to announce the upcoming end of Bitcoin.

It worsens if the recent HODLERS, saw the critics proof that Bitcoin is going to fail.
On social networks, a FUD sentiment has spread, pushing an outsized number of individuals to sell their Bitcoins in the least costs during a totally illogical way.

Without being aware of the current worldwide economic environment.
I mean the situation with the spread of the COVID-19, many people have lost their jobs and tons of cash. once more, unfortunately.
 
If they understand this, they will join the ranks of HODLERS who totally believe Bitcoin.
Then understand that Bitcoin is sort of a phoenix that always rises from its ashes, and always comes back stronger.

Can you explain to me HOW the people,who lost their jobs will become Bitcoin HODLers?
Do you think that they have a few thousand dollars sitting in their bank accounts,just for the sake of buying Bitcoins and HODLing those Bitcoins for months,despite the fact that those unemployed people don't have a stable income source?
I don't see any panic selling caused by "FUD sentiment" across social media.The current Bitcoin price is 7,7K USD.
It's stable and it's slowly going up.What panic selling are you talking about?
4533  Bitcoin / Bitcoin Discussion / Re: Payment platforms that support Visa or Mastercard cards = the future of Bitcoin? on: April 27, 2020, 05:16:03 AM
Are payment platforms that support Visa or Mastercard debit/credit cards the future of Bitcoin? There are more and more payment platforms where you can just charge your debit card with Bitcoin and spend it like fiat anywhere in the world.



https://twitter.com/PolisPayApp/status/1246910510232150017


https://twitter.com/mrcoincoin1/status/1252960597848834049

The "future of Bitcoin" isn't connected to anything outside the Bitcoin Core blockchain.
In my opinion,the future if Bitcoin IS the future of Bitcoin and payment processors are a different business,if you know what I mean. Grin
Most of the not-so-tech-savvy people (baby boomers) know how to use a credit/debit card,but they don't know how to setup and use a cryptocurrency wallet.Having crypto debit cards might help for mass adoption,but I don't think that it will change the future of Bitcoin.
By the way,what are those tweet links that you posted?Are you somewhat promoting this PolisPayApp or something?
4534  Economy / Trading Discussion / Re: Trading psychology on: April 26, 2020, 12:06:08 PM
The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.


Understanding Fear
When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

I guess you are talking about day traders and scalpers.Not all traders are day traders and making fast decisions isn't necessary if you are not a day trader.
I don't get the point of your post.Such posts discussing trading psychology are popping in the forum every once and a while,and they are all about the same stuff-control your emotions,maintain discipline,etc.
Let me tell you something.Controlling you emotions is easier said than done.If you are a newbie,there's no point to write such forum posts,preaching about "emotional control".You are not an experienced trader and you don't know how an experienced trader acts,feels and thinks.
4535  Economy / Scam Accusations / Re: My F****** Story With KRYPTONO Exchange on: April 26, 2020, 11:25:01 AM
May I ask why did you signup to this KRYPTONO exchange platform?
There are bigger and more trusted crypto exchange platforms.I've never heard about Kryptono,so I guess it's a small and "not so regulated" platform.Does it support "Know-your-customer" (KYC) policies?Does it require ID verification? I can't seem to find good reviews about Kryptono online.
People are using those shady crypto exchange platforms a their own risk.I wouldn't be surprised if they scam you with all the coins deposited in your account.
4536  Economy / Speculation / Re: Machine Learning (Keras LSTM and K-Clustering) to predict Bitcon Price on: April 26, 2020, 05:54:42 AM
Would it predict corona virus? Oil crisis?

It could if you include fundamental analysis, but you cannot predict it exactly, ofc.

Nobody predicted corona virus. Things like that are humanly impossible to predict.
This is not related to fundamental analysis of bitcoin, but real world issues that affect everything.

You can't predict when a virus will mutate and spread,but you can predict how it will spread.
I think that with machine learning,you can predict the Bitcoin price,but only in the short term,because short term price fluctuations are partially based on past price performance.By "past",I mean in the last few hours.
The Coronavirus pandemic surprised everyone,but there was a possibility that such a new virus will sooner or later infect a large part of the human population.You can't predict the exact event,but you can somehow measure the possibility/probability of that event happening.Viruses and bacteria are constantly mutating and evolving,we can't stop them from going that. Grin
4537  Bitcoin / Bitcoin Discussion / Re: Why is blockchain/cryptocurrency the most profitabile new emerging industry? on: April 26, 2020, 05:36:00 AM
Let me add a few things to your list.Online businesses are more profitable because:
-You don't need that much employees,therefore you have lower labor costs.
-You don't need that much office space,or warehouse space(unless you are Amazon),which means lower costs for office,real estate,etc.
-As you mentioned,the online business can run 24/7 and it can be automated.
-Many online companies are located in offshore jurisdictions,which means less taxes.

But despite all those factors,many online businesses aren't profitable.Most of the social media platforms are still overpriced,in terms of stock value.Their profits aren't playing a big role in determining their stock value,which is kinda weird.

There isn't any trusted and accurate data about the amount of real profits that cryptocurrency companies are making,but I don't think that they are way bigger,compared with the profits made by non-cryptocurrency companies.
4538  Bitcoin / Bitcoin Discussion / Re: Wallet advice? on: April 26, 2020, 05:14:57 AM
I am new to Bitcoin and in the process of setting up a small farm in the basement of my business premises here in the UK. Obviously I need to open a wallet however there doesn't seem to be much discussion or advice available on wallet providers. I've read a few reviews doing a Google search but these often seem biased. I've read some glowing reviews about Blockchain, Coinbase and ZenGo on some sites, however when you read the Trustpilot reviews (a popular review website here in the UK) the ratings are very bad for these wallet suppliers with lots of horror stories.

Can anyone make some recommendations for safe and reliable wallet providers?

You want to mine Bitcoins in the UK?After the BTC halving?!?How expensive are the electricity costs in the UK?
Anyway,Blockchain and Coinbase are secure enough,as long as you don't use your Bitcoin for activities such as gambling or using BTC mixers.I've used Blockchain.com wallet in the past 2 years and I never had any issues.I used Coinbase 5 years ago and I had some problems logging in,but that was my fault,because I deleted the email associated with the account back then.The Coinbase customer support was really helpful and I got access to my account.
If you are about to stake lots of BTC,having a hardware wallet is the best option and I think that Trezor is the best.
4539  Bitcoin / Bitcoin Discussion / Re: Its almost impossible to buy on: April 25, 2020, 12:35:02 PM
Using Paxful to buy Bitcoins with gift cards is one of the most expensive options.
For a 100 USD gift card,you will get around 65 USD in most cases.It depends of the seller,but the fees are insane.
You can search for Discord servers related to cryptocurrency buying/selling or you can use Reddit.I remember about a subreddit that was created for BTC/gift card trading.Be careful with the scammers on both Discord and Reddit.Use trusted middlemen and check for valid reviews.
Back in 2015,I remember that I used a website called Virwox to buy BTC.You had to buy linden dollars with paypal and convert those linden dollars to BTC on Virwox.The fee was 15-20%,but I think that Virwox isn't accepting BTC trades anymore.
4540  Economy / Micro Earnings / Re: Are this kind of satoshi surveys legit? on: April 25, 2020, 12:01:31 PM
I know that websites in your screenshot like Surveytime and Gamehag are legit and paying,even though you will have to spend decades in order to make a decent amount of money from answering surveys in Surveytime.The minimum withdrawal is only $1 and Surveytime supports cryptocurrency withdrawals to Coinbase wallets.
Gamehag is a platform,where you have to play games and complete tasks,in order to earn soul gems(SG).You can redeem those gems for Gift cards and Steam keys.
In general,get-paid-to websites and apps (GPT) are a waste of time,unless you live in USA/UK/Canada/Australia/New Zealand.
I don't know what kind of app are you using to get those satoshi offers.Maybe that app isn't legit.
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