Your comment makes no sense. An unstable price is exactly why there are daytraders. If the price was stable there would be no trades to make.
Somehow OP is right and makes sense since at some point of our trading experience, there would come a time where we bought at a high price. He didn't point out and blamed unstable price for it also. The point about what others do in order to minimize losses is also spot on but it is not the wisest move all the time. Another way others use when facing this kind of problem is by hodling. It can be beneficial and risky at the same time. Nevertheless, it is the best option to profit from the investment one had made even if it requires changing from day trading to short term or long term holding. |
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Found this on twitter. https://supermariocoins.co/you can collect the coins like Super Mario did lol I'm tempted to get 100 and get a new life  I doubt it lasting long. I am sure that it will surely gather some hype for a while but what is the point of having a super mario coin anyway? It will surely become a shitcoin in the end. It is wise to stay away from it unless you collected it for free, it is risky to invest in it because it is a joke coin which I will compare to dogecoin that never takes of and never had a value near 1$. If it will last long in the market, IMO it will be only like DOGE. |
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So one of my inboxes gets plastered with ICO announcements which I always have considered scam and didn't even take a look.
Is it just to investigate here on the forum, or is there a trusted website that informs about legit ICOs and recommendations?
How do you even come to a decision in which ICOs you want to participate with the vast amount of new alt tokens that spring up like mushrooms all the time?
If you want to distinguish between a real ICO and a scam, see if the concept they are trying to introduce to the community is unique and is not a rip off from other coins. Most of the time, scam ICO's are just ripped off from coins that are already present today and isn't improved at all. That way you can distinguish a profitable ICO and a scam one. It doesn't work all of the time though, so also try to consider the activeness of the team and the truth behind the facts they give. As much as possible, verify it if it is verifiable. |
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wow honestly though it announces the new coin this is the why I registered to this forum to find new coins, but now that you mention this you know I actually never seen this in any coins and it's actually quite interesting, I'm, not a software developer but I am more than happy help you with many of another aspect, I can design in photoshop if you need, and I really would like to see this project in real life.
thank you for your interest, I will definitely need some help with a graphic in the near future. It definitely is an interesting idea but does it really the solve the problem at hand? It seems to me that the system itself needs more improvements in order to fully prevent scams using the project. If the buyer needs to released the hold coins, what if he/she didn't release it on hold and left the seller waiting? I think escrow would be much more efficient if this system stays as is. I think that every transactions made in it should have an expiration(ideally at least 3 months) and when it expires without the buyer complaining, the seller would receive his pay. this is why I created the post to hear people thoughts, so let's say I bought something from seller A and transferred to him X amount of coins let's say I forgot to release the funds so within 3 months they will be released automatically but what if i did because the seller is a scammer and i didn't released the hold because of this. but the scammer will wait 3 months and then it be released, what if to implement the second hold that sending a sort of reminder to the wallet as "you didn't release the funds it's about to expires" and then if the wallet owner chooses to ignore it will be released automatically, but if not he will click to leave this on hold because it was a scammer this is much safer and eliminated the problem if you forgot to release it from hold what do you think? Well if scammer will only wait 3 months, the user can just complaint about it before 3 months comes to pass in order for it to not expire. If the transaction is a success, then the buyer can just ignore it and it will be released automatically. If transaction failed, buyer can email team for complaints or there should be a dedicated button for that while looking in the transaction history. |
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wow honestly though it announces the new coin this is the why I registered to this forum to find new coins, but now that you mention this you know I actually never seen this in any coins and it's actually quite interesting, I'm, not a software developer but I am more than happy help you with many of another aspect, I can design in photoshop if you need, and I really would like to see this project in real life.
thank you for your interest, I will definitely need some help with a graphic in the near future. It definitely is an interesting idea but does it really the solve the problem at hand? It seems to me that the system itself needs more improvements in order to fully prevent scams using the project. If the buyer needs to released the hold coins, what if he/she didn't release it on hold and left the seller waiting? I think escrow would be much more efficient if this system stays as is. I think that every transactions made in it should have an expiration(ideally at least 3 months) and when it expires without the buyer complaining, the seller would receive his pay. |
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Good afternoon. During few days base of hacked accounts of bitcointalk.com is offered for sale in the Russian local thread. ( https://bitcointalk.org/index.php?topic=2961429.0) I have been surprised that this thread has not removed yet. In this case it is one of two: 1. Sale of compromised accounts or 2. Scam. Both of variants is not good. Most likely the database refers to all known compromentation case few years ago. I think that another wave of attempts to acquire sleeping accounts will begin, because of the increased demand for the forum's accounts. Perhaps we need to implement some additional checks for accounts that woke up suddenly. Thank you Do not worry, if default trust member sees this I am sure they will be tagged red for doing so and it is very likely that they will see this thread because they have their eyes set on meta. There is no need for additional checks for accounts that woke up suddenly if they cannot use it efficiently. I have looked on the thread and it seems to me that the user himself is just trying to scam people. |
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Hello mates
Due to the fact that THE HIGHEST RANK IS LEGENDARY. When we think of their knowledge regarding this system no doubt that most of them are KNOWLEDGEABLE. We couldn't ask their long time have been here. In fact as of now with merit motion in this forum most of them got/get merit coz they know the flow of system the " does and don't."
They are the most worthy of respect.
I just think what if they aren't be merited coz they reach the peak already (stable rank), and suppose, they will be the merit sources to overview the whole forum?
I will consider and appreciate your idea.
Even if they have reached the peak (for now), what if theymos really presented a new higher tier of rank like what npredtorch said in his post? Also what if demerit system has been implemented? They would still need those merits of course to encourage them to post more and help others. IMO it is heartwarming for them to receive merits for their post even though they are in the highest tier rank now. |
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In bitcointalk forum there are really good posts even that does not earn atleast single point of merits.and there are many spam and off topic posts that earn bunch of merits.
And even some forum users does not give merits for quality posts and they share merits with only there friends for some shit posts
Some forum users who tried to make quality posts are now demotivate with this situation
Give it time, quality post will earn merits in the long run if it is deserving. It is a fact that merit is a limited resource and for this reason some users give it only to those they seem worthy of it and helped them. Those off topic posts that earns merits via merit abusing will be given red trust by default trust members anyway sooner or later, so don't be jealous of them. Rather, if your post contributes to the community, then just continue what you are doing. Those who do good post mostly are not demotivated in the situation at all, in fact some are challenged by it. |
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I've got aanother idea - introduce posting quotas for new members until they can prove they aren't just merit hunters.
That is the worst idea ever because newbies still cannot contribute to the community well and if you give them a post quota? What the heck will they post about? Posts asking for questions? Instead of doing it, I think the merit system is fine as is since those who doesn't contribute to the community will not rank up after all and merit sources can merit post that are really quality posts. Users selected to be merit sources should have an indicator or a badge saying that they are merit sources in order for users to monitor if they are really doing their job or not. |
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Here is something I just realized today and I believe there is a lot of users who never thought about it. As the title says: Cryptocurrency Market Capitalizations are misleading When you look at the chart of Total Crypto Market Capitalization like this one on coinmarketcap, casual observer is probably thinking that we have lost more than 500B dollars of investment in cryptocurrency in one month. From almost 800B market cap has fallen to almost 250B in one moment (now we are back to almost 500B which looks much nicer). However this is nowhere near the truth. As most of you probably know Market cap = price x total coins in circulation which sounds ok until you give some thought to price and total coins factor. You don't know how much of total coins are available for trading and how much is in long-term storage or lost. The market cap of the coin doesn't tell you how much money is entering or leaving that market. I don't know how to actually explain the problem so i will try with the example. Lets say I have a total supply of the coin: 1.000 coins I sell to my friend 1 coin for 10$ Market cap is now: 10$ x 1.000 = 10.000 $ My friend sells that same coin to his friend for 2$ Market cap is now: 2$ x 1.000 = 2.000$ So you could come to conclusion that my project lost 8.000$ dollars while in fact only few dollars changed hands and only 1 coin has been sold. 999 coins stayed in long-term storage. This is of course highly unrealistic example but I hope you get the point. It is really difficult to get to correct numbers for the amount of dollars that crypto investments lost during this crisis, but most people/articles seems to agree it should be in the range of 50B dollars. Nowhere near 500B as the market cap would lead you to believe. Same goes for the bull runs as well. When you take above into consideration then the whole thing with volatility in the market is much easier explained. I hope I have given you something to think about. If this is mentioned in some other topic please put the link in the reply because I haven't stumbled on the matter trough my browsing of the forums. It really is difficult to get the correct amount of dollars that crypto investors lost during the crisis but the calculation of marketcap is also the same when it comes to gold, commodity, fiat currency, and any other things with value. That estimation of total loss might not also be accurate and is a little far from the real value of loss because it is also based on the market capitalization before the crash. They should have had also considered those who bought Bitcoin at lower prices and held up to date, since they have not lost anything from this current crash. Although I said it, it is easier said than done because it is hard to determine how many Bitcoins are bought at lower prices. |
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I was wondering what everybody's thoughts were on issuing debt based on cryptocurrency. Debt is an extremely important factor for economies to grow. In a simple example, very few people would actually be able to purchase a house without debt. If you can't purchase large cost items like cars and houses, to name a few, the economy will literally collapse. Not to mention that transportation would become a very big problem. There's more examples to be made for starting businesses and many more but I won't discuss that in my original post.
Cryptocurrency is not inherently a debt instrument and cannot simply be "printed" or issued past its limit. I know a lot of people here feel that banks should die and banks are evil, but realistically I don't see how an economy can survive without debt instruments and issuers. If Bitcoin does replace all currency, does this mean that banks will collapse, or issue their own cryptocurrency to 'lend coins' to people who would like to make a big purchase and pay it off over time? Would it even be possible to pay interest back on a large scale if a coin has a finite supply? If there is 21 million Bitcoin in debt lent out and circulating, how could there possibly be a way to collect more than that by the bank. Would multiple cryptocurrencies solve a problem like that, or would it mean that the debt just gets pushed off onto some other coin and then also onto another infinitely?
I love Bitcoin and all this technology, however I have not theorized a way in which it can completely rework debt instruments and the institutions that supply them. IE: Banks.
Would love to have a discussion going on this topic. I have pretty limited economic logic!
About the debt problem people can use it to pay interest on a large scale using the satoshi as unit. If 1 satoshi is equals to 1$, It would be possible to pay large scale interest using btc and lending is not an issue because it can also be done using btc. Another roundabout solution to this problem is the creation of a new coin dedicated to it, but the coin itself might not be decentralized. |
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As I see it, Merit System does changed a lot for the betterment of this forum, freeing from shitposting and account farming. But there is some weakness that I always see. Merit farming or an exchange of Merit, its like
"merit me, and I also give merit for you" it makes me think that it abolishes the true intention of merit system. Lack of people who always watched those merit farmer which is totally unfair. Lack of Merit sources in other Section, it is really hard to earn merits even you always post in a good quality.
As far as I know there is already enough people who are watching those merit farmers. If you look here in meta, there are few threads related to it and some default trust members gives red trust to members who abuse the merit system. You are right though that it is hard to earn merits in other sections as there are little to no merit given out but give the system a little more time, soon it will be also possible to earn merits on other sections too. |
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I think it ain't good news for us since south korea market and global market are separated from each other. It will affect us soon though since I am sure that others will overeact and buy bitcoins, I am sure that some with access to South Korean exchange and global exchange have made a killing. Nevertheless, it is a good indicator that crypto is being adopted fast worldwide and is becoming faster day by day. |
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It is a huge investment and i really doubt how come he could acquire this much amount of coins and from which exchange,since i have not seen anyone selling this much amount of coins,did he actually purchased this much coins from big miners,with all the KYC rules and regulation i am sure that you are not able to invest this much money into any exchange just like that,either way my conclusion is that he did have some big connections to purchase this much coins.
You are right and not just someone with big connections, he or she is someone who can easily slap the government of their country with money for their silence about this matter or someone powerful that have access even to the government, and it ain't Jamie Dimon IMO. Most probably he/she just bought that amount of coin via peer to peer after all, he cannot even buy that in any exchange. |
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It could be a scam or hoax as i searched for it on the internet. But if this is true, it would a great step for BTC. Bitcoin is future and im telling it since day one. Sooner or later crypto will surely take the place of paper notw.
For now I think it is only a rumor but it will become true I assure you of that because Japan have Bitcoin legalized after all. It is normal for a company to accept something of value that is legal but I don't think crypto will ever replace the current fiat currencies we have now. If it ever did go mainstream, it would only become a substitute to a credit card. |
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When I first bought my bitcoin in July 2017, I told some of my friends to buy some. Most of them flat out said no. A few of them said they would do research on it and then decide. Everyone ended up not buying any and one of my friends said he would rather spend the money on alcohol and strippers. I told him strippers are a bad investment because you will never get gains and only lose money every time you reinvest in them. My friend hopes I make lots of money from bitcoin and that if I ever get rich, I would owe him a stone crab dinner. He truly wants it to work out for me, but he believes bitcoin will not last and I will lose my investment.
Here's the thing, every time I talk to a friend or a co-worker that is not involved in the crypto world, they always wish me success and hope I make lots of money. But deep down, I can't help but feel that they want me to fail because they aren't involved. How angry and jealous would they be if I succeed? After I told them numerous times to invest in bitcoin or other altcoins. They would be stuck in their cubicles and I would be driving in my lambo. And how happy would they be if I fail and lose my money? They would said, "I told you so. That's why I didn't invest my money into bitcoin."
One of the seven deadly sins is envy. If I fail, I will be stuck in the cubicle and work until I'm 60. And if I succeed, they will be envious, envious that my cubicle next to them is empty, envious that I'm retired and driving around the gold coast in my lambo.
Probably those people doesn't feel envy at you(at least some of them) and really wishes you success. It is also inevitable that some would harbor envy if you have gained a hefty sum of profit and wishes that Bitcoin will not give you profit deep inside, it is human nature after all. Everyone will harbor envy in one point of their lives but just shake them off and don't think about it too much, it will just cause stress. |
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We need answers such as this one in order for the crypto community to grow stronger.Am sure any other answer would have caused another fudd and affected the crypyto community again.That s good news to hear.
Even if it could have caused another FUD, don't worry about it since it will be answered in the future anyway and the public will know the truth sooner or later. Nevertheless this is really a good news since there would be no FUD about Europe banning Bitcoin for now since it is made clear that they will only try to regulate it and ECP stated that it is not their job to regulate bitcoin. |
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Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
When that happens, many of the users here called that a lost coin and this coin will never circulate again, The bitcoin supply will truly lessen and if the supply is less, then surely the price of bitcoin will surge. You are right but it can return into circulation when someone can accidentally access it but it very unlikely. In the future, I am sure there will be a way to recover those lost coins so I won't call it as being gone in the circulation forever. If someone were to own large amounts of Bitcoin though, it is impossible for him to just die without leaving a clue for his family in order for them to access his wallet. |
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Very well said  . Bitcoin does not change a thing especially laws of every country. I do agree that they should split it because it is a conjugal property unless it was bough before the marriage. Anyways, this might enlighten those who think they will change certain rules with bitcoin which is likely not gonna happen. The government/constitution always prevail and the one to follow. Even if that is the case, I think Bitcoin itself shouldn't be split and labeled as conjugal property after all it is his money he used to buy those. Looking at the perspective of the husband(investor), it is pretty unfair to just give the wife half of the number of crypto he have. Bitcoin somehow or the other shouldn't be treated as a property in the first place because it is a currency. Still, there are laws around that it should also be divided so I feel bad for the husband. |
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i honestly don't see any reason why one should make such conclusion!
first halving has nothing to do with last year's rise nor does it have anything to do with 2018 performance, good or bad.
second, bitcoin performing good in 2017 doesn't mean it should perform bad in 2018. it may perform horrible or it may perform even better than last year. either way it has nothing to do with 2017 rise apart from the first months where we are in the correction and then panic mode.
There is a good reason for one to make such conclusion. Halvingdo has something do with the rise way back 2013-2014 and the bullish run that have happened in 2017-2018 since it somehow affects the adoption rate of people to Bitcoin(and the demands for it). I also believe OP's conclusion not just because of his theory, but because of btc being overbought. |
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