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4641  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Become Negative in Value? on: April 23, 2020, 06:41:55 AM
The negative crude oil price was very absurd and kinda funny.There's no such thing as a "negative price" in the normal world of market economy.
A negative price of -37 USD means that sellers will have to PAY YOU in order to convince you to "buy" their product(which is free).This is absurd and it will never happend.
Most Oil producing countries will be fine.Russia will face some hard times in the short term and the rich monarchies in middle east will have to cut their spending  for luxurious goods for a while.
Anyway,the Bitcoin price can't become negative,it might go close to 1K or below,due to a mass worldwide ban,but it will never be close to 0$ or below 0$.
4642  Bitcoin / Bitcoin Discussion / Re: Why Bothered with Complicated Bitcoin wallets/Addresses on: April 23, 2020, 06:27:01 AM
"Complicated" changes based on how well you understand something. Even someone that I know said using Electrum is really difficult at first. Not to mention Blockchain is not really good for a wallet, you better not use them or any online wallet that stores your encrypted details at all. While the risk of brute force is there is a lot of different attack vectors out there.

There is no need to sweep just because you change your main wallet. Just import your seed/private key on the new wallet and ditch the previous one so no one would be able to access your wallet by accident. As for the address generation, you can use vanity generators which I believe is easy enough to use and it's not that complicated.

Yeah,this thread is basically a newbie forum user recommending Bitcoin wallets to more experienced forum members,who are more aware than him about all risks regarding Bitcoin wallets.
When newbies try to act as experts and come from a position of some kind of authority,this makes me laugh.
I consider myself an experienced Bitcoin users,I do NOT consider myself an expert about using wallets or cryptocurrency trading platforms.I can give advice and recommendations to people about topics regarding cryptocurrency just like that.
It seems irresponsible to me.
4643  Bitcoin / Bitcoin Discussion / Re: $3 billion in 'dust' to enter the market will push the bull run past the halving on: April 21, 2020, 12:07:33 PM
According to messari a crypto data gathering company has explained all this dust is just accumulating ready and posed to enter the crypto space soon.
https://dailyhodl.com/2020/04/19/3000000000-in-dry-powder-poised-to-enter-bitcoin-btc-and-cryptocurrency-markets-messari-ceo

Been listening to them since they are a website many are using now with turning away from using coinmarketcap at being a centralized market watching website with the acquisition by binance a month ago.

3 billion USD for me is just "meh"... Grin
It might pump the crypto prices by 10% but that's all.We need tens of billions of dollars,even trillions to make Bitcoin hit the moon.3 billion US dollars isn't even worth discussing.
I've never heard about this Messari company and I don't know what makes you think they are more legit than Coinmarketcap?I don't claim that Coinmarketcap are "trusted" after Binance bought them,but why Messari should be considered more trusted than CMC?
4644  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 21, 2020, 06:06:45 AM
I don't think that the Youtube algorithm has something to do with this.
I guess that this guy has some competitors or enemies that are mass reporting his videos(maybe the scammer that he retrieved the money from wants vengeance).
It's good to know that he had his Youtube channel back after going thru the process.
If Youtube recovers crypto related channels,this means that they have nothing against crypto content and they aren't mass banning cryptocurrency related channels and videos.
4645  Economy / Trading Discussion / Re: My trading strategy on: April 20, 2020, 11:31:39 AM
I wouldn't call this a strategy.It looks more like a tactic to me.
A trading strategy is a long term plan about what to do with your cryptocurrency portfolio and how to maximize profits and minimize loss if certain things happen-bullish markets,bearish markets,price crash,etc.
A good strategy requires lots of accurate information about the market to be gathered everyday.
Relying just on candlestick charts and using no indicators doesn't seem reasonable to me.
OP,maybe you could share more about your experience with this tactic.Do you have more successful trades and lost trades?
4646  Economy / Speculation / Re: Bitcoin Price to hit $400k a prediction by an analyst *face palm* on: April 20, 2020, 11:08:42 AM
And how this "Dave the Wave" predicted the last year Bitcoin price crash?Any good detailed analysis posted by this "analyst" somewhere online?I'm sure that he was just guessing and he got right by almost pure luck.
A 400K USD Bitcoin price means trillions of dollars invested in the cryptocurrency markets.It also means mass BTC adoption across all major and middle-sized companies,banks and investment funds.
I simply can't see this happening.
4647  Bitcoin / Bitcoin Discussion / Re: Why did satoshi use "upload.ae" domain when uploading his pre whitepaper draft? on: April 20, 2020, 05:43:48 AM
Using this particular file sharing website just because it was free doesn't seem like a right conclusion to me.
I'm not familiar with file sharing websites back in 2008,but I'm sure that there were many free file sharing websites with .com domains.Why would the owner of a file sharing website service purchase a domain extension connected with the United Arab emirates and run Google ads to gather worldwide visitors?
People in western countries won't trust such weird .ae domain.They will definitely trust .com/.org/.co.uk domains.
4648  Bitcoin / Bitcoin Discussion / Re: I just think privacy is more important with financials. on: April 20, 2020, 05:09:20 AM
It seems to me that you are kinda promoting this convertsring.com website.
I don't usually post my BTC addresses here and there on social media platforms,so I don't need hex codes or some other privacy measures(I've never heard about hex codes,I'm not that tech savvy).People can see how are you spending your coins.So what?They can't see your private keys or your wallet password.I don't see a problem,if we are cautious enough.
Privacy becomes more valuable in the modern world,because it's way harder to keep it.
4649  Economy / Speculation / Re: [NEWS] Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations on: April 19, 2020, 11:36:35 AM
The former CEO of Bakkt is a Senator?I didn't know that.
They say they were selling because of the coronavirus?Yeah,right,now the coronavirus is an excuse for everything.I'm not familiar with the US legislation,but can a crime like "insider trading" get those two into jail?
I think it can. Grin
Damn,last year so many people were thinking that the Bakkt project will pump the Bitcoin price to a new ATH.
I was skeptical about it and I was right.

4650  Bitcoin / Bitcoin Discussion / Re: 🏰 The Bitcoin Castle ₿ — Awessome Crime / Mystery / Dark Comedy Shortfilm on: April 19, 2020, 11:25:42 AM
Seems like a soap opera to me. Grin
Maybe the creator should add a comedy element at the end.Something like "Luigi and Astrid finally get those 42 bitcoins,but after one day,the bitcoin price collapsed to 10 USD"... Not quite accurate with reality,but the FUDsters+Craig "Fakesothi",Roger Ver and the altcoin supporters would love it. Grin
It's good to know that more creative people start "promoting" Bitcoin in their art,even though I wouldn't call such short film "art". Grin
4651  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving 2020 is almost here, are you ready? on: April 19, 2020, 06:26:28 AM
Great infographic,all credit goes to fox.exchange,but OP you should add your point of view about the BTC halving.
I feel like I care less about the halving(the more we get closer to the halving date). Grin
I think that nothing big will happen in the cryptocurrency markets,there will be no bullish rally and no price crash.At May 13,the coronavirus pandemic will come close to it's end,so everyone will be way more optimistic.However,I don't expect the cryptocurrency prices to skyrocket soon.They will probably start skyrocketing somewhere around November 2021.
4652  Economy / Economics / Re: The US Stimulus - How do you feel about it ? Too little to late? on: April 19, 2020, 06:08:39 AM

The US Stimulus - How do you feel about it in general and also in how it is divided?


Do you think more should have gone to small businesses and families/individuals?




Yes,too little and too late.However,Trump is talking about removing the lockdowns in more states,which means that more businesses will start working again,which is better than just giving money to the people for nothing.
When it comes to small businesses,I think that lending money with low interest rates and long payout is more flexible option,rather than just giving financial help.The stimulus plan might create inflation,after the pandemic is gone.
4653  Bitcoin / Bitcoin Discussion / Re: If we are to start from beginning. on: April 19, 2020, 05:48:39 AM
I was thinking if the world has the opportunity to restart again as the covid-19 pandemic has "made" it to look like, that different people would have this thought going on in their head. If the economy would have to begin again from the start, what would you want it to be like?
Things you want to exclude or include especially with the economy in relation to bitcoin. Don't include move to regulate bitcoin because it is not going to work  Grin.

** I would like btc to continue pairing with USD. Grin

I would like the US government debt to be reduced and the Federal reserve system to stop printing US dollars and stop pumping the financial markets and creating bubbles.This isn't a steady economic growth,this is like pumping a fitness athlete with steroids.It looks good at the beginning,but it has devastating results in the end.
In the cryptocurrency world,I would like 99% of the shitcoin/altcoins to disappear(especially the centralized Ripple). Grin
4654  Economy / Service Discussion / Re: Remember Plustoken? they are still active and massive sell-off keeps going on on: April 18, 2020, 11:34:05 AM
Plustoken was a typical HYIP ponzi scheme that exit scammed(like every other HYIP ponzi scheme).
I hope that the team behind this scam gets arrested and convinced(or punished) to return all stolen BTC and ETH.There's no nothing we(of crypto exchanges) can do.There authorities have to step in.
Only thing we can do is to promote the simple "disclaimer",that everyone who invests money in such projects is going this at his own risk and there's always the possibility of losing all his investment.
People will always have to do their own research before deciding what to do with their money.
4655  Economy / Economics / Re: USD will lose its status of being reserve currency? I am scared. on: April 18, 2020, 11:19:57 AM
You are scared of the US dollar losing it's "reserve currency" status?Are you a Bitcoin supporter or a USD supporter?
If you ask me,the status of the US dollar as a reserve currency does more harm than good to America.
The Federal reserve system just prints dollars and sells them to the rest of the world,the government debt and the budget deficit of USA are so insanely big because of the USD reserve currency status.
If USD is no longer a reserve currency,the global debt bubble might not get so pumped and there's a chance
for us to avoid the financial Armageddon.
4656  Bitcoin / Bitcoin Discussion / Re: Massive Bitcoin Sextortion Scam Emails Sent to U.S Users - DON'T PAY on: April 18, 2020, 11:12:49 AM
This type of blackmail adult email scams is as old as the internet.
Why do you care about this?Yeah,the scammer wants Bitcoin payments,but nobody with a brain would believe this blackmail and pay 1000 USD for nothing.Seems like people with internet connection,living in some third world country have nothing to eat,so they decided to do this desperate old email spamming blackmail scam attempt.Ignore this and move on.
4657  Economy / Economics / Re: China’s economy is contracting and this is not good for the global economy. on: April 18, 2020, 04:29:22 AM
Quote

CHINA'S ECONOMY contracted 6.8% during the first three months of the year from the year prior – representing the country's first and largest reported economic decline since it began formally reporting data in the 1990s.


I have till date believed that the Chinese economy was going to remain strong despite the virus crisis, but I’m stunned to see that their economy is contracting, and I believe this will impact each and every country’s economy who trade a lot with them. Furthermore what do you’ll think that China should do at this stage to arrest this fall, and most importantly do you’ll believe that they’ll be able to repair their economy?.

Source:

https://www.usnews.com/news/national-news/articles/2020-04-17/chinese-economy-contracts-68-as-coronavirus-cases-revised-higher

The western economies(and all the other economies in the world) are going down.China exports goods to the rest of the world.If the global economy goes down,the Chinese export will go down,hence China's economy will lower it's growth.We still don't know about the second wave of coronavirus happening in China.Is there a second wave and how big it is?Will it cause another lockdown?
The Chinese authorities lied about the covid-19 damages,let's hope they won't lie again.
4658  Bitcoin / Bitcoin Discussion / Re: Malthus Catastrophe - Thanos's Ideal - Bitcoin Supply and Increasing Demand on: April 18, 2020, 04:16:54 AM
I get the Malthus theory and the market laws of supply and demand,but what's your point with this thread OP?It seems to me that there's just a bunch of copy pasted information and no thesis.
The human civilization will be in big trouble within the next few decades,when the population growth of the third world gets out of control,however,I don't get why Bitcoin has something to do with this problem?
The Malthus theory(and the Thanos theory) are about natural resources.Bitcoin is not a natural resource,BTC is a currency/financial asset.
4659  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the dream of crazy on: April 18, 2020, 03:52:58 AM
So you were scammed by some HYIP(high yield investment program) scam and after that you gave your private key to a random guy.Damn OP,you should a write a novel about how to get scammed and what not to do in the cryptocurrency business.I'm glad that you have learned from your mistakes and kept your faith in Bitcoin.4 years ago,I was into the dream that Bitcoin is "get-rich quick" method,but know I realize that BTC is just a financial asset.There's risk involved in trading financial assets.
4660  Economy / Speculation / Re: Is Gold Leaving Bitcoin(The Digital Gold) Behind? on: April 17, 2020, 12:12:19 PM
Are going to continue the good old "gold vs.bitcoin" discussion? Grin
In a crisis,95% of all people stick to what's known and what they are familiar with-gold.
Gold isn't as volatile as Bitcoin and it's price/value increases every time there's a economic/financial crisis.
It's common sense the the gold price will increase and the Bitcoin price will stay volatile.Bitcoin is a riskier asset than gold.Most of the investors are running away from risk.
When everything is back to normal and greed starts to dominate over fear in the markets,many investors will choose bitcoin over gold.
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