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4761  Economy / Economics / Re: Possible solution for economic go-slow on: July 04, 2020, 11:31:41 PM
We already know the bad impact of the pandemic to the economy. It really drives the global crisis on economic and we should stop this. of course, the first way is by stopping the spreading of the pandemic. we must stop them in order to minimize the people that are infected. So, the activities will be back soon to the normal, can work as well, as usual, learn and also do more efforts as usual.

related to the crypto world, what can of impact will you expect? We may not be able to give big impacts because this crypto world includes people around the world. We cannot drive them to make the market following certain rules I order to make the economy going better. however, we may be able to help to spread good work on the crypto world, giving chance to the market grow, and also not to panic whatever the condition of the market. I know that it will be so difficult because so far, crypto market is not regulated and we cannot regulate and also control the price. however, by not being panic at least we can still make better options to sell or buy not only based on the small news offered.
4762  Bitcoin / Bitcoin Discussion / Re: Bank of America now treats BTC and ETH as Cash on: July 04, 2020, 11:13:40 PM
When you post a thread like this moreover about a report or news, please put at list a link in order that we can check the truth of the news easily. Well, this leads me to browse to search the source and read the article fully.
It is quite unique to see the development of crypto in this country. First, the country really ignores crypto because it may be considered not worthy enough. Then, They sometimes fight you and make crypto as one of the enemies to be banned. And now, they are going to make crypto as cash? Interesting facts if it si true happening right?

By considering the payment using cryptocurrency as a cash equivalent may be good progress for the crypto world. As we know that so far, there is also bad news about BTC and other cryptos that will be banned in some countries although it is still debatable likely in India and also Russia. Hopefully, by this news, this can wide open again the chance of cryptos to be considered as well as cash equivalent again. But, I wonder will it involve taxes if this is legalized as cash?
4763  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you wish you could do the most with your Bitcoin? on: July 03, 2020, 11:59:42 PM
The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"
It is always things that my friends also asked me.
I always answered by a simple thing:
Q: What can I do with it?
A: I can get more money from it.
Then they will also ask about
Q: "how can?"
A: yes, simple, trading, investment, and also working to get free BTC.
Q: So, BTC will make your rich?
A: Yes, we can be rich from BTC. But we can also be poor from BTC.
Q: What? we can be poor from BTC?
After explaining actually what BTC and the risk also profit of BTC, most of them left it. They are afraid of losing money. yeah, it may be not good by telling them it. But, it is important not only telling about the 'Super legit profits' but also the risks that will be required.
4764  Other / Meta / Re: Its really getting annoying on: July 03, 2020, 11:51:50 PM
..the thread about altcoins created by my friend has been locked for further comments after receiving up to 60+ comments within 24 hours...
So, this is your friend's experience? Why don't your friend that post this thread and aks about the reasons? In what boards are thread locked? Local or global? You may ask by PM to the moderator in that board, but remember that the chance is very small because the moderator has criteria why the thread must be locked.

Actually there are some reasons why a thread is locked probably:
1. There are similar other threads that have been created previously, so it is no need to create new thread again, better to continue or post on the previous same thread.
2. So many spams and junk posts that are in your friends' thread. So it is better to lock the thread. If you want to avoid the spam posts or junk posts, better to tell your friend that he should make the thread "self-moderated" because your friend can delete the spam or junk posts.
3. There are also probabilities where the OP only made a thread and he didn't make any reply again, likely making a thread and then leaving it at all.
4. The topic of the OP has been expired, not up-to-date or even no suit for this current.
5. If the OP made a thread with some questions and there are many similar and true answers given by the members by replies or quotes. So, it means that the posts have already answered the topic, so, rather than only there are repetition answers, better to be locked.
6. There are many out-of-topics discussions most on the thread.
7. Plagiarism (copy and paste from other contents)

So, ask your friend or analyze your friend's posts about them.
4765  Other / Meta / Re: An amazing finding, This guy is great on: July 03, 2020, 11:38:27 PM
I also checked their account and found here. Can they be related accounts?
Let's see these facts:
1. The accounts were created in a similar day, date, and also time (only different on few minutes only)
February 24, 2020, 05:07:27 PM and    February 24, 2020, 05:09:15 PM
2. Their last active records are also almost same (only different several minutes again)
Today at 05:46:09 PM and Today at 05:49:18 PM
3. Most of the posts by witbla were quotes from hwteeer and also vice versa.
If there is no relation, does it seem too strange? how can two accounts always have similar posts to quote and always quoted each other?
4. Their greetings are almost the same.
Yeah, I read some posts and they use quite a similar utterance like "Hey, hmm, good morning greetings and so on)
Let's say that other people also do the same, they do greetings. but, please see how they put the words and their utterance, they are almost the same.

well, I don't have any proof about who they are. But, I only ask here, do they have relation? Hopefully not, they only support each other.  Grin Grin
4766  Other / Archival / Re: Bank of Japan has announced it will begin experimenting with a digital currency. on: July 03, 2020, 11:25:38 PM
That's right, it looks like Japan will indeed test and experiment with digital currency Yen (CBDC), especially from a technical perspective. At present some countries are doing the same thing. especially China has done it and Japan might not be able to catch up with it for now.

It's great to see and it'll also mean more studies on Cryptocurrencies and funding for projects. A push for digital currency will arguably only accelerate Bitcoin's adoption.
However, The BoJ itself has not yet determined whether they will use blockchain technology or not. Remember, the digital currency does not mean cryptocurrency. The BoJ is still considering the centralized or decentralized system that must be used.
Let's read the statement below:
Quote
Both centralized and decentralized types have pros and cons. […] In the case of massive transactions for retail use cases in advanced countries, it is better to adopt the centralized type. [...] In the case where the amount of transaction is limited and resilience and future possibility are prioritized, there is room to consider the decentralized type.”

4767  Bitcoin / Bitcoin Discussion / Re: BITCOIN TRUST PROBLEMS: Bitcoin Investers will want to know about this risk... on: July 03, 2020, 11:15:42 PM
Hard Facts
I've checked your most posts/threads, are about the negative sides about Bitcoin. So, I believe that whatever we say about BTC, you will avoid it. You believe on what Peter Schiff says, always arguing with his statement and also always directing people to no longer believe in bitcoin. But the question is, why are you still here? Are you really trying to make people aware that they are no longer interested in Bitcoin?
Salute to your business.

So sorry, I don't watch the video because I have ever done it and read articles about his argument, opinion, and also statement.
Some may be true but also some may not need to think hard.

...... He mentioned that he lost his money in bitcoin to prove that it is risky.
Yes, you're right.
He always argues about something too risky and bad about BTC without considering the benefit or advantages of BTC. It's totally wrong when we only see a thing only based on one side.
Moreover, everyone in the crypto world also has known and understood the risk of the crypto (BTC and also others0. Losing money on it is usual, but it will depend on how we manage the risk and our funds on BTC. Every investment may be risky, but it will depend on our strategy. We may not need to fear of his statement if we can analyze it by ourself.
4768  Alternate cryptocurrencies / Altcoin Discussion / Re: Trading competition, a plus or minus on: July 02, 2020, 11:59:22 PM
The main goal of joining a trading competition is to be the winner and win the reward. As we know, the reward of the trading competition is always high and it attracts most traders. We can say that during the trading competition, we can gain the ways of profits and there will be so many transactions in exchange. About the dumping price easily, I think that it will depend on the participants. I'm sure that the participants will not desire to dump the price although it is for trading competition. Moreover, commonly the trading competitions are followed by those who are often joining such competition. So, it may not worry much about it.

4769  Other / Beginners & Help / Re: Why it’s important to avoid telling everyone about your crypto holdings on: July 02, 2020, 11:53:30 PM
Look at all the famous crypto whales: Roger ver, Vitalik, Winklevoss twins, Charlie Lee, etc. Do you see anything happening to any of these guys? Nope. stop being so paranoid.
It is not paranoid, It's a prevention to avoid bad things that may happen to us. You cannot say a harmful statement to your friends or random people that can lead to losing your asset or losing trust from others. Especially if you are in a country that still cannot legalize crypto. Telling much about your crypto assets may trigger people to not trust you again as they may think you did an illegal activity. On the other hand, we don't know that there are people who become intending to steal or hack your crypto assets. Except you are a rich person like Roger ver, Vitalik, Charlie Lee, then you can hire private guards to protect you at any time. But if you are an average person, you can't do it.
4770  Other / Beginners & Help / Re: Be careful of shitcoins on: June 30, 2020, 09:54:22 PM
I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin -snip-
Does it mean you buy METP without analyzing it first? Damn, it is a big mistake, buddy! Analyzing or taking research before buying a such coin is always a must, buddy. It is too risky buying a coin without analyzing it first, you have proven it that it was a big mistake. For now, I think you have nothing for the solution, but you have something big, it is about learning and experience. You know you mustn't do the same way in the future, a careless way will lead to losing all your funds. Be more selective and smarter to choose a proper coin for investment!!
4771  Bitcoin / Bitcoin Discussion / Re: Indian government Banning Cryptocurrencies? on: June 30, 2020, 09:33:11 PM
Is it fixed?
I think that they have planned about it several times and in fact, it is not working. As we know, many Indians are working with crypto-related industry. And in this case, it will be sometimes very difficult to be banned.
In my opinion, rather than banning crypto, it is better that they should find the alternative ways how they can cover their citizen necessities, the ways how crypto regulation, and also its utility in the country. So far, is there any problem related to the crypto in that country? Why should we be banned?
4772  Economy / Gambling discussion / Re: Do you think eSport gambling will become more popular than normal Sport betting? on: June 30, 2020, 05:38:05 PM
There is always probability moreover it relates to the development of the technology. later, there will be much more interesting and advanced technology related to sports. Of course, this is also easy to be played, watched, and also enjoyed by the people around the world without having to come to the place directly.

however, it doesn't mean that the normal sports betting will end. Many people will always be fan of it. Moreover, direct betting may be more challenging and also cheering compared to the eSport. Additionally, we can watch it live and fee the ambiance of the sport itself directly.
4773  Other / Beginners & Help / Re: I have a plan of teaching college students in my neighborhood Bitcoin on: June 30, 2020, 05:28:36 PM
I am curious about the lesson plan and why you think working on Bitcoin or crypto is a good choice or not for them.
however, related to what topics they should know:
1. it must be the basic about bitcoin and cryptocurrencies
2. Tell the profits and also risks that we will probably gain in the crypto world
3. Tell about the prospect of the income to be got from crypto, but never tell that it will be very promising and aking them rich easily.
4774  Economy / Economics / Re: How Corona Virus changes our markets (with picture and charts) on: June 30, 2020, 04:25:14 PM
It may be good if the fact is really suitable as the data on the chart. And if the facts suit to the reality around us. It may happen to the global condition, this may be because of the new normal?
Well, whatever the data, in fact, we can see what happens to the crisis and the people around us. In fact, although it is now in the new normal era (in my country), we are not getting back to normal. The lives are still limited to do everything, we can also still see how many people are struggling for life, not only from the virus but also from the starving, feeling bad of the debts, jobless, and much other crisis.

But yeah, I see the price of the gold is increasing and probably some others. However, it doesn't mean that the global crisis is ended. It probably still need several months to recover as normal.
4775  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is This True or Scam? on: June 30, 2020, 04:16:36 PM
There will be a scam if:
1. they ask us to send funds at first
2. they promise very legit profits, moreover double amount as invested.
and more others.

This is very usual thing, but they may use different media or even ways in order to attract the victims. mostly, the victims are newbies or whoever that only focuses on the profits without thinking of the risk and scam probabilities.
4776  Bitcoin / Bitcoin Discussion / Re: Trying to recover funds from bitcoin scam on: June 30, 2020, 04:06:27 PM
..snip..
Please noted:
Scammers will never give back your money, they will precisely want to take your money again, again and again.
So, be careful another scamming is coming to you. Never believe in any party or person that will help you to get back your money to you if they ask some funds to do it. It is absolutely another scam.
If you're scammed, let it go because you may not get it back. Just make it is a lesson to be more careful when investing and also putting your money.
4777  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is it possible to retrieve my invested BTC from Plustoken? on: June 29, 2020, 11:37:05 PM
I wanted to know if anyone has an answer for me. If i still have my public/private key, can i withdraw the BTC that I previously put into PlusToken using those methods since Plustoken has shut down?
Sorry to know that, but, Plustoken is a scam. A scammer will never give your money or BTC back.
You can read some articles that state about this very huge scamming, structured, and also like-legit project scam.:
https://cointelegraph.com/news/plustoken-scam-moves-123m-in-bitcoin-just-as-btc-price-regains-10k
https://bitcoinmagazine.com/articles/how-the-plustoken-scam-absconded-with-over-1-percent-of-the-bitcoin-supply
https://cointelegraph.com/news/plustoken-scammer-implicated-in-chinas-second-ten-figure-crypto-ponzi

You are not the only one victim, they scam a very huge amount of BTC, in 2019, the total scammed was around 200,000 BTC, what's about now? i think it is more.

So, if you are a victim of Plustoken, You must be brave and give up all of that. And of course, make this experience a very valuable lesson to be more careful when you want to invest. In whatever cases, not only in BTC investment
4778  Alternate cryptocurrencies / Altcoin Discussion / Re: Emotion management is one of the key to successful trading. on: June 29, 2020, 11:26:13 PM
The worst enemy when trading is "yourself". This is what I always remember when trading. We may be able to analyze the market, control our funds, but we may sometimes not control our mental and emotion so that we can be lost because of our greediness, panic, worries (fear and also nervous), and also uncertainty.
I ever read about good sentences:
Quote
Analyzing the markets and having a good background for each trade that you’re taking can make wonders in controlling your emotions. The more you actually research the markets, the less you have a gambler’s mentality. This will also help keep your emotions under control.
It means that learning by doing, more experiences will make us much better in managing our emotions, mental, funds, and also diversity.
Sometimes, what makes us lose our emotion management is the reality doesn't meet the expectation. We may be sure that we will win and get a lot of profits this time, but the fact is that the market changing so easily and we lose it.

Whereas, there are some terms that are very influencing in trading:
- Fund management
- Emotion management
- Risk management
- Mind matters

everyone will change and be better if they do more trading..

Source:
https://www.dailyfx.com/education/trading-discipline/manage-the-emotions-of-trading.html
https://www.mytradingskills.com/trading-psychology#:~:text=Analyzing%20the%20markets%20and%20having,keep%20your%20emotions%20under%20control.
4779  Other / Beginners & Help / Re: How to easily buy and sell Bitcoin in Nigeria. on: June 29, 2020, 11:12:01 PM
I'm here to guide noobs in Nigeria on how to buy/sell Bitcoin or any other person interested in knowing how to exchange Bitcoin for fiat and vice versa in Nigeria.
2.Luno
yes, Luno is the best choice if there no trusted local exchange in the country. Moreover, it also offers low fees, easy, and safe enough to buy the crypto asset.

What's about NairaEx?
This is Nigeria's Premier Bitcoin Exchange, isn't it? Is it reliable enough and trusted as a local exchange in that country? I see that this exchange provides instant trading with real-time and also automated payments. It also accepts the payment with bank and cards. Probably you can search for more information about it to analyze whether this is trusted and reliable or not.
4780  Other / Beginners & Help / Re: Note to newbies on: June 29, 2020, 11:03:52 PM
Welcome to the forum. Take your time to read and evaluate every possible detailed threads about rules and guidelines of the forum.
Sometimes I'm really fun of the facts that many newbies are lazy to read them. they only post a thread likely "Hi, I'm new here, please help me to know this forum".. And although they are led to the Beginners & Help, I don't think that they may read and search for basic information over there. Moreover, when after they made a post and left it without any replies again by them. So sad to know this fact, but this is such very common to find.  Grin Grin

Be wary of scams, don't go around following people promising to double your funds within the shortest period of time,
this is exactly one of the reasons why many newbies are the legit target of scammers. Moreover when they at first post thread about "how to earn money here? How to be rich here, I heard from my friend that we can be rich quickly here?"  Grin
Well, they may come to this forum to be rich soon. And then the scammers contact them to join their very super promising with very legit earning that make them rich overnight. but that is exactly a scam. this common to happen.

Actually, I don't blame the newbies. Some newbies are actually good, they follow the rules, willing to read and learn about the rules and regulation and all basic or important information in this forum. But, it is not all of the newbies can do this.

So, this is your choice as a newbie, to be smart newbie or a lazy newbie that comes here only to earn money quickly (but it is nothing to do)
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