I have to disagree. As such there is no competition between fiat currency and cryptocurrency. Nowadays hardly anyone is using Bitcoin as a currency. Most of them are using it as a form of speculative investment asset, or as a store of value. Bitcoin is not actually designed for usage as a currency, which can do instant payments. Regardless of the fee, the average time required for new blocks is 10 minutes and that means that instant payments are not possible with Bitcoin.
Contrary here on your view that bitcoin isn't use as money by many people but as a speculative asset. I think that isn't correct and many use bitcoin as money and instant payment, otherwise what happens when bitcoin is exchanged for fiat during P2P?
|
|
|
Vaccination in America against covid is very actively provided. Think that is the main reason why governor opened Texas. Probably he is sure that his people vaccinate themselves and their children so it’s nothing to worry about and there’s no need to continue to maintain limitations.
Its time to bounce back and I don't think Covid is a scam, many doctors are working for this and a lot of them died fighting the virus, so its not fair to be called that this virus is a scam, maybe the government are scam but not all the health workers. We have to resume the economy and continue to live, this vaccine looks promising and hoping that we can go back to normal this year. The virus of covid-19 is not a scam indeed because it is affecting people and killing them that are unlucky but the argument is that some countries have made look like scam because they have been inflating the number of affected patients maybe because to get sympathy from international bodies to donate money for them. For this time in example, I have not seen a family that complain of having a family member that is quarantined or affected by the virus in my state, yet they have high number of affected people in there government list and physically they are not seen. This means they inflate the number so they can get money as affected states.
|
|
|
I'm believing that many of us still have more questions to ask to the founder of bitcoin when we see him but I don't allow that to become a worry to me. We know bitcoin has the most important feature which is decentralized. That means we are to be free to enjoy it and liberate ourselves from the control of fiat by the government.
|
|
|
I thought you were going to discuss base on the title of your post but you talking about something else, copy trading. Copy trading does not give a true experience of trading and you can not do much studying while practicing copy trading as you are relying on someone's expertise, I think this can form part of the real discussion of your thread. Trading gives you a daily experience so that you can go into study to correct some wrongs from your trading failure. For traders, it is more important to go into research to be better.
|
|
|
We have to be careful about what we are asked to stake, claim or to play faucets. Lately with the Doge bull and any other altcoin that has bulled, scammers would like to use them as trap because they know people will be interested to have them, this is simple mathematics.
|
|
|
Remember you can't really rely on analysing a coin or token not in the market. And if the coin is existing in the market, you can monitor the movement and progress of the team behind it, that is part of analysing for me because it shows the growth expectation. Cartesi has an active team and that is going to be a good longtime investment.
|
|
|
Bitcoin fee is also determined by network traffic. Fees tend to increase If network traffic is high/congested. If network isn't congested, fee remains low. Certain Wallet providers usually recommend fee higher than normal network fee to increase transaction speed.
Also real life experienceI noticed also that bullish market lead to increase fees. Your transaction can be trapped if your fee is very low because this happened to me but it will be confirmed when there is reduced volatility because fees can drop .
|
|
|
During the pandemic Bitcoin experimented a crash like most of the assets (Gold included)
I don't think that this is very correct. Around 2018 bitcoin started to crash and got very low early in 2020. During this time was the respiratory awareness time and shortly after countries started closing up for business then bitcoin started an increase. I think covid-19 rather helped bitcoin to increase and just like you said, institutional investors started avoiding fiat and using bitcoin.
|
|
|
I say congratulation to you for joining the most cherished signature campaign on the forum. I see you are happy about that and making a give away is awesome.
In the Donation, I think @cryptoprenuerbrainboss had a support program on covid-19, I don't know if he is planning something on the second phase. If you consider it , maybe the donation could help if he is still on the plans.
|
|
|
Better yet if we just tax this kind of people higher than those in the working class.
Lol... Yes tax them more. I would prefer to rate celeb with the positive influence they have made to their people, community, country and world at large. Celeb are usually role models, so if they have influenced followers to positive living then they enter tops in my mind rather than celeb not being patriotic, self centered and only interested to pack whatever money they can rather than image building.
|
|
|
In five years I think my prediction is going to fall close to Op's. From the history of ripple, it has not done such height so doing $5 in next 5 years is a good ride as it is not actually performing But what about the unfinished SEC problems, I'm sure the case will take a long time. Can Ripple win it? If yes it might be up to $5 but if not I think it will be difficult.
I don't think the ripple sec issue will have much negative effect on the price not to grow if the team still active till next five years because recently against the prediction on ripple, it still pumped as the bull run was on.
|
|
|
It was a old discussed topic.Actually bitcoin had won the war.Nearly 50 percentage of people know additional about bitcoin for now.It's only occurred with the price pump of 50k$.It was a smashing rise in the price of bitcoin.Eventhough their is mighty conclusion of price of bitcoin will reach 100k$ this year. My personal opinion is, the price of bitcoin will cross the value of 70-80k$ only.
Your statistics here could be wrong about the percentage of people knowing about bitcoin, you never gave any source. In my opinion, bitcoin has not won any war not until a real war combat like the third world war if bitcoin was used as an escaping route for payment of war artilleries, arsenals and other war facilitators above fiat , then we can discuss bitcoin winning the war but at this time bitcoin is far from that. The percentage quoter knowing about bitcoin could still be very minimal, traditional system is still not displaced.
|
|
|
But I was seeing my transaction on blockchain. Therefore, relax if you see your transaction on blockchain despite the delay.
You only can relax if you are sender and are sending your bitcoin from one wallet to another wallet of yours. If you are trading with another person, you can not relax if you already go first and make your payment for the trade partner.
Yes I said it about escrow. If you doing a P2P transaction, you may need escrow to be sure that you don't lose your money, when anything go wrong that is not your fault, you can get back your fund from the escrow. So in this case you can relax, that is the point to that.
|
|
|
Blockchain is the best technology to have visited humanity, this is honest affirmation. It is certain that when you do a transaction of bitcoin to another party, despite the delay or low fees paid, if it is reflecting on blockchain through your TX, you just need to go sleep on your water bed because it must delivered eventually. If about doing P2P transfer and you don't use escrow, this is risky if the other party is fraudulent to scam you, he may photoshop, edit or send the TX of another transaction and you may be gullible to send fiat without checking blockchain first. So always confirm from blockchain using TX, if it not scam, you must see the transaction there as unconfirmed. In such instance, you just have to wait for it to confirm. The need for this glad story, information and eye opening is because I recently had the experience of a transaction that took a look of time to deliver, maybe close to 3 weeks and 1 month , it later got deliver at last. However, it has always been in blockchain there as unconfirmed. It actually got my nerves raising because it is the first time to have such delay, before now I have had lesser delay like 2/3 days but not a month.... Finally it got confirmed. The point here is blockchain will always reflect a genuine transaction as unconfirmed, you just have to wait. It will always deliver despite low fee paid once reflected in blockchain. Miners must process it at there own time Major reason I can confirm for my transaction delayI did the transaction at a time bitcoin was highly volatile and bullish and immediately I sent out coins (with low fee), I observe that price skyrocketed and this could mean fees also increased So, I think the miners left my request to process higher fees transaction and they kept processing such coins that were coming in high fees...lol. Who doesn't want additional pay ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) But I was seeing my transaction on blockchain. Therefore, relax if you see your transaction on blockchain despite the delay. Try and take your mind of it and look for other money you have or that you can , so you don't worry too much.
|
|
|
All of us are talking about this bull run is encouraged by institutions. Suppose as an individual, will you sell your bitcoins at a good price or just hold them?
I will sell at a price that I have made profit. At this time the price is high, hodling for now is going to be risky. Selling now is good and wait to rebuy at deep. Bitcoin price is not falling anytime soon, waiting is still fine than buying now.
|
|
|
As far as this internet space is concern, you will keep getting and hearing people scammed. This is unfortunate that no matter the preaching and warning, people get scammed especially newbies. These are part of the experience. When you like to go for cheaper products and what free gift you get, then you keep losing the substance. Experience teach us something if we learn from it.
|
|
|
The crypto business is surely a space that you can be scammed if you are not careful. Just don't put your money if you are not sure. On the naked picture lol, do you put your naked pictures on the web? If not then everybody who has seen your nakedness will surely know the original you and the photo shopped you ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
I've had 60 years without vaccinations, and not taking any pharmaceuticals, and only had a few overnight sniffles during the whole period. I've ignored all the covid crap, and don't wear masks ( except when required by law), and I don't social distance, or stop visiting large supermarkets and other supposed high risk sites. It's time people took control of their own health. It isn't too difficult to do the basic research and learn the real truth. Just have a look at the number of diseases the the medical profession say are idiopathic, and this is the 22nd century.
This is the view that make you turn off your eyes from covid-19 crap stories. If someone has lived even in the midst of covid-19 patients and not contact it, then they can't be convinced that is not scam but I understand maybe your immunity is very good. I guess you maintain a good hygiene and eat fruits and good food. I believe those who have low immunity easily get affected.
|
|
|
I'll ask him about the supply, how many percentage of the supply does the team has and what is the purpose of the team having that percentage of the supply, this is important, the team percentage is something investors are looking out, there's always a suspicious that the team will dump their shares, when it hit the market.
Also relating to the token distribution, I will ask if the token will be locked or not because some project go ahead to lock token for a certain time before releasing it, so I would ask to know the developers mind. My second question is about the supply, if the project has a large supply, I will ask if it will be burnt.
|
|
|
|