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4641  Economy / Trading Discussion / Re: Don't lose your profit unnecessarily on: October 30, 2021, 03:32:52 PM
I just take profits whenever it comes to me, except when it's bitcoin because it's intended for long holds. 5% or 10% increase is still a profit, and it adds up in the long run. I've also learned this the hard way, ad I refuse to take profits lower than 10% back then and always ending as a bagholder or just forced to sell at a loss even if I don't want to. Since then, I learned to appreciate small rises and profits, and if I deem that the coin will no longer make a push upwards, I won't be greedy and just take any profits I get.
4642  Economy / Economics / Re: Just because prices are high, doesn't mean that is a good investment. on: October 30, 2021, 02:30:34 PM
This is what newbie investors think: high price equate to the performance of an asset. While it holds some degree of truth to it, it still isn't enough since some are just partially inflated and are pumped temporarily to attract more and more people. I've been asked by some of my friends on whether or not buying bitcoin, or any other crypto at X price is smart. I just say that if their wallet can afford to lose the money they want to invest, and if they have done their research well enough, that is when buying such crypto becomes justified.
4643  Alternate cryptocurrencies / Altcoin Discussion / Re: How did you get in early on certain alts? What's your source.. on: October 30, 2021, 11:53:17 AM
I don't really have an insider information on the alts that I choose and I only base my decisions on the roadmap that is available and on the community that was already built by the announcements. These are some of the indicators and initial things that I look for before I go on and decide that the coin is right for me. Also, if it appears on one of the groups that I am a part of, it's definitely worth considering since most of the coins discussed on the said group make it to the exchanges months after the initial announcement and release.
4644  Bitcoin / Bitcoin Discussion / Re: Large SALES Exchange or OTC how do you cashout 500-1million+? on: October 30, 2021, 09:56:39 AM
OTC is the way to go in terms of huge sales IMO. Just make sure that the one you're trading with is legitimate and trusted enough to honor their end of the deal. You can also dump it on exchanges if you like, although it may ring some alarms and cause a hassle for you once the trade/sale is complete.

I believe exchanges can facilitate OTC sales, though I'm not quite sure with the specifics (amount, mode of payment, etc.) that comes with it.
4645  Bitcoin / Bitcoin Discussion / Re: Wont the amount of bitcoin in circulation vanish? on: October 30, 2021, 09:30:08 AM
If bitcoins are traded for fiat, this means that some other people took the coins' ownership in exchange of fiat. There is no loss of bitcoin during the exchange but rather it only changed hands. Furthermore, the 21 million limit on supply can be further divided into smaller units, thus partly eliminating your concern of bitcoin vanishing. While 21 million seems to be an arbitrary number, I don't think satoshi hadn't think of any countermeasures regarding your worry.
4646  Alternate cryptocurrencies / Altcoin Discussion / Re: Has the journey of BNB and ETH been smooth from when it first appeared until now on: October 30, 2021, 07:37:27 AM
ETH had a good start due to good advertising and a great roadmap but certainly not a smooth journey. It was subjected to a lot of criticisms, and was even subjected to dumps after that massive DAO hack in 2016. It took a lot for Vitalik and his team to regain the trust of the community after that, and here we are right now. Whereas in BNB, it was pretty much unknown for some time but gained some audience on 2019 and it steadily climbed from that point forward.
4647  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 30, 2021, 07:01:13 AM
From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They  are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.
4648  Bitcoin / Bitcoin Discussion / Re: The president of El Salvador just bout 420 BTC! on: October 30, 2021, 05:27:46 AM
News about bitcoin on El Salvador becomes boring and stale after quite some time, but still I see some posts appearing here and there whenever they buy bitcoins. Perhaps it is because they are the first country to openly state that they are buying the cryptocurrency, moreso than the actual relevance of the matter (which isn't really high IMO). But yeah, I still think it's great that they're committed to buying at the dips, although I believe that that does not require any press release, news articles, or even a forum post whenever they do.
4649  Economy / Economics / Re: Former President Introduces Reason Behind Crypto Crackdown on: October 29, 2021, 07:37:08 PM
China always has 'different' or 'better' views against the rest of the world. They always believe that their ideology, economy, and everything about them is far superior than their Western counterpart. If the Chinese believes they can produce something better than bitcoin or crypto, why then would they need to ban it if they can easily counter it, and that if their citizens would gladly support it? The issue here perhaps is control on the wealth that is currently circulating inside China. Bitcoin and crypto provides an easy avenue for the Chinese to take their wealth somewhere else, so the best solution for this is to ban it and prohibit their citizens from using it at all.
4650  Bitcoin / Legal / Re: Russian TrickBot Gang Hacker Extradited to U.S. Charged with Cybercrime on: October 29, 2021, 06:45:34 PM
If the creators of the malware were able to craft such an intricate and complicated piece of code to mess with people's computers and still able to leave lots of footprints for them to get tracked, it's either they're too confident of their abilities or they underestimated the tech that other people possess in order to dig for clues to pin them. The US has been pretty hard with hackers in recent times, especially foreign nationals messing with their systems or their people. I'm quite curious how will they be keeping a firm grip on the hacker given that Russia 'negotiates' with these kinds of affairs.
4651  Alternate cryptocurrencies / Altcoin Discussion / Re: Community means everything on: October 29, 2021, 05:55:49 PM
Just like any other coin that has received the attention and curiosity of the internet, I think Shiba will soon steadily die a quiet death after those who initiated the push already gained massive profits in their pockets. It may not be today, nor the next week or even the next few months, but it will come, given that Shiba is created to rival Doge, another meme coin, and which both have no utility whatsoever apart from filling the pockets of the ones who invested on first on it.
4652  Bitcoin / Bitcoin Discussion / Re: Dust payments to my wallet what is he trying to do? on: October 29, 2021, 05:00:53 PM
There's a chance it could also be used to advertise something by getting you to search for the address but I don't think that's been the main purpose of this sort of attack before.

Some of the dust spams back in 2016 - 2018 included some strange websites when you searched it up on the blockchain. I have received some of those dust payments for quite some time until it just stopped suddenly. Fortunately, I'm just keeping that address for vanity purposes and not storage nor spending anymore since I learned the importance of using change address.

To OP, freeze coin suggestion on dust inputs is actually a good thing to prevent your wallet client to group all the coins found within the address, and in order for you to still take out your funds out of it should you decide to leave the address for good.
4653  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 04:22:29 PM
The damage has been done and the world already knows how Facebook operates behind the veil. No matter how many name changes they undertake, those who knew of their doings will always bring up the past that they are trying to bury by using the 'metaverse' and other buzzwords to sway people off of the controversies they're still tied to. While their technology, the innovations, and other such accomplishments helped shape the current world, Facebook (Meta), as a company, IMO, is still nefarious at its core.
4654  Economy / Gambling discussion / Re: NO KYC Sportbooks? on: October 29, 2021, 02:34:59 PM
Those sportsbooks that still offer no KYC on bets are already mentioned below, although there are instances wherein if you win a huge amount, or if any such discrepancies and suspicious activities were found on your account, you would need to submit KYC else your account gets locked or you cannot withdraw your profits. Sooner or later, these no KYC bookies will have to comply and re-do their ToS as government regulations will probably squeeze them tighter for them to give in.
4655  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 28, 2021, 09:41:49 PM
I don't think this will gain traction at all. First off, they will have problems sourcing patients who are willing to give their medical info to a team that is relatively unknown, and just came up with this 'bright idea' which a lot of research institutions and governments have been doing for hundreds of years. Second, experimentation on the human genome is still strictly prohibited, and is frowned upon by the scientific community as it is also similar to 'playing god' since you're directly tapping into Man's genetic code. Remember He Jiankui?

While research re: genetics, epigenetics, and the molecular biology involved in human longevity is really vital for our survival as a species, there should be a limit to which these researches are applied to. VitaDAO, while in itself is a noble gesture with good intentions, might not be up to the task. Billions are poured yearly on biomedical research, with only a handful of breakthroughs for the last decade. I'm not so sure about $1 billion being enough to produce something that will greatly contribute to the topic of 'human longevity' at all.
4656  Alternate cryptocurrencies / Altcoin Discussion / Re: The rise of Axie Infinity on: October 28, 2021, 07:48:48 PM
When you talk about "price prediction", the most common advise that someone will give you is that it's quite impossible to predict which coin is about to make massive gains, and it's true, even with a lot of research people struggle to find those "gems".


But now that we have seen such a massive move from Axie, we could at least try to find out some triggering factors that could have caused this massive rise, because we have more info right now.


What do you believe to be the key factors that could have made this price movement possible?

Well, the current generation is more inclined to play games, and statistics have shown that a lot of people worldwide are now playing video games. Axie Infinity fuses playing and earning in a much more entertaining manner, plus the fact that your axies can act as 'collectibles' that can increase in price makes things even more attractive to the players and traders alike. Many NFT projects actually tried to mimic these key elements, but none of them have managed to surpass Axie Infinity so far.

You can also add the competitive aspect of the game, but then again, not everyone here is for the ranks; most are here for the rewards that they are gaining from the game.
4657  Economy / Economics / Re: What happened? on: October 28, 2021, 06:19:18 PM
Oh! I see...
so it would make sense to get coins that don't follow bitcoin's lead, then. Am I right, or am I oversimplifying it?

You can do that and there's nothing really wrong with it, although a word of advice, not every coin that doesn't follow bitcoin's lead tend to stay against bitcoin's movement. At some point, it has to come back and follow bitcoin's waves as its market activity will soon wane, and the money flowing in to that said coin would have to flow somewhere else once traders have already collected their profits.

Then again, cryptocurrencies are extremely unpredictable. One day, every coin follows bitcoin's movement, the next, they don't. It's just a matter of luck and how you read the markets. Pick coins that still has utility apart from being used as a cash cow by lots of traders.
4658  Economy / Gambling discussion / Re: New York launches RFP for new casinos rising the taxation to 64% on: October 28, 2021, 05:04:14 PM

As far as the article is concerned, the 64% tax just applied to online sports betting and not on the usual casino games on land-based casinos.

Don't know how the setup of land-based casinos is there but maybe there is part of it where gamblers can place bets online right at the casinos. People should not overreact to the figure of 64% without seeing the whole "tax matrix", breakdown, and what is covered regarding taxation.

This feels like New York is forcing people to play on physical casinos when it comes to sports betting, and I do not like it one bit. It leaves little room for gamblers in terms of freedom on which platform they are going to play, and that, to me, is kinda restricting and may even force me to bet somewhere else. I'm not a huge fan of sports betting tbh, though when I bet on big events, I bet big. The 64% tax figure, to me, is not really attractive at all, and may even discourage me from playing at all.

Then again, this is just a request, and the taxation is yet to be passed so hopefully the regulators may still come to their senses.
4659  Bitcoin / Bitcoin Discussion / Re: FDIC Allows Banks to Own Bitcoin on: October 28, 2021, 03:59:28 PM
-snip-
Jelena McWilliams Chair of FDIC said that "If we don't bring this activity inside the banks, it is going to develop outside of the banks. The federal regulators won't be able to regulate it."

This is actually an angle that most regulators don't see and don't even consider the slightest. If regulators don't allow cryptocurrencies to flourish legally with fair regulations, it will grow somewhere else wherein they can miss lots of profits plus they can no longer control it. Sure, bans may be around the corner if things go way beyond their control, but what good does it do anyway?

I'm not in favor of letting the regulations favor banks handling crypto assets, but I'm in favor of fair regulations recognizing that cryptocurrencies are legal, and that holders of such assets shouldn't worry about being prosecuted. Also, McWilliams' statement is more of a personal comment on the matter, and doesn't hold any weight on the current state of bitcoin and crypto's regulatory status as FDIC, IIRC, does not control nor handle banks.
4660  Bitcoin / Bitcoin Discussion / Re: Russia doesn't wants its citizens earning with cryptos on: October 28, 2021, 08:42:39 AM
This is not supportive of the citizens' goals and ideals in any way, and does not give opportunities to the Russians that are affected by this prohibitive regulation. Well, what do I expect of communist Russia anyway? They would only like to keep their riches within their borders to plump up their economy, and to show the world that they are superior and catching up on their Western counterparts.

Just imagine if Russians were allowed to freely take part on the bitcoin and crypto market. That's a lot of money that could come in to their economy. Then again, their thinking is that it bitcoin and crypto can be used to take out riches on the Motherland and take it somewhere else.
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