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5181  Bitcoin / Bitcoin Discussion / Re: Bitcoin Credibility in shock on: March 24, 2020, 11:56:20 AM
Quote
Typical way to leave a backlink, that is want OP is doing here.

There is no relation with the topic heading and the content being written to support it. I have no clue what the OP meant and why Bitcoin was quoted.

This how spamming is done on BTT now days.

If I understand this correctly,the OP wanted to say that after the huge Binance hack,the Binance owners contacted a bunch of big Bitcoin miners and tried to convince them to reverse the transactions of the Bitcoins that got stolen from Binance.This would have "ruined the credibility" of Bitcoin,because every transaction can get reversed,if the big BTC miners want to reverse it.This is what OP wants to say,I guess.
Anyway,that didn't happen and never will.
Volatile markets aren't ruining the credibility of Bitcoin,there's no doubt about that.
5182  Economy / Economics / Re: Here is how Iran plans to use cryptocurrencies to evade economic sanctions on: March 24, 2020, 06:25:17 AM
A short while ago the US placed sanctions on Iran, but the Iranian government is not just lying down and taking it. The lastest is from Saeed Muhammad is a proposition that will see Iran use cryptocurrencies to evade economic sanctions.

Here is how it could work: https://e-cryptonews.com/iranian-general-has-made-big-call-on-crypto/

Do you think that Cryptocurrency could be a solution to the economic sanctions imposed on Iran?


I've seen such articles and forum threads like this in the Bitcointalk for the last couple of years.
"Iran is planning to use cryptocurrencies,in order to avoid sanctions.","Iran is planning to launch it's own cryptocurrency.",Blah,blah,blah...How come Iran is always failing with this plan?How come there's still no evidence that Iran is really using cryptocurrencies to avoid US sanctions?
The Iranian plans of a government-backed,oil-backed crypto coin are still plans.Nothing more.
Why don't they use offshore banks and companies,in order to avoid the sanctions?Maybe CIA is spying all offshore companies in the world?
5183  Bitcoin / Bitcoin Discussion / Re: I realise Coronavirus is not a reason why on: March 24, 2020, 06:11:25 AM
Bitcoin is Down

As you can remember when the virus spread at the beginning BTC price sharply reaching $9,439 on January 28, 2019, and the markets follow the BTC as always many crypto markets rose up, that means coronavirus favor CryptoMarkets first,

But what makes Bitcoin price go down
As the spread continue people start to panic with the disease not Btc, thinking of many Negatives and some people exchange their Crypto to friendly fiat money so they can cover some emergency staff buys extra food, drinks, masks, etc, the simple view is that many sell result to cheapest sell which automatic kill the prices of an Assets.


The Bitcoin price dropped,can we just stop talking and writing about it?
The coronavirus didn't "favor cryptomarkets first".Nobody was expecting that the virus will turn into pandemic and get outside China,causing massive lockdowns.
Your explanation about why the Bitcoin price went down is partially true,the small crypto traders sold some coins,in order to get some fiat money.However,margin calls and automatic stop loss orders executed by trading bots also had a big influence over the price drop.
5184  Bitcoin / Bitcoin Discussion / Re: Bitcoin Wales what it is / who are they? on: March 24, 2020, 05:44:27 AM
you can't even mention the term "Wealth inequality" when you are talking about bitcoin. because unlike most other things anybody who has more bitcoin has gained it on even grounds without having any more access than others. basically anyone called "whale" is like anybody else but they took a much higher risk when price was down instead of doing what everyone else did which was either ignore bitcoin or sell in panic. it is not inequality when it was a choice. nobody was preventing you from buying bitcoin when it was $900 in 2017 or $3k last year or when it dipped last week!

Some of the whales are the so called "early adopters",who bought and mined Bitcoin back in 2010-2012,so the risk they took isn't that big.I guess that most of the crypto whales are people who own cryptocurrency exchange platforms and BTC mining facilities.They aren't crypto traders,who bought large amounts of Bitcoin back in 2013-2016.Back then,nobody was expecting the BTC price to go from 1K USD to 16K USD in one year.
Most of the crypto whales were already rich,before they get into the crypto world.So Bitcoin didn't create any new inequality,some rich people from the fiat economy just moved into the crypto economy.
5185  Economy / Economics / Re: Digital Diplomas With Blockchain on: March 23, 2020, 12:43:37 PM
The situation in the schools and universities in my country is the same.All education is done online.
I'm not familiar with the process of creating digital diplomas by the blockchain.Which blockchain are they about to use for this purpose?I guess that every school in Italy will launch it's own node and all the nodes will have to verify each and every diploma.
I guess that printing and sending paper diplomas will be postponed for at least 6 months,so the digital diplomas won't act as a perpetual replacement of the actual paper diploma.
5186  Bitcoin / Bitcoin Discussion / Re: Sign of improvement to the market price of the Bitcoin. on: March 23, 2020, 12:24:04 PM
To the previous weeks the market price of the cryptocurrency rapidly fall down and that is not a good sign, one of the reason why does it happen is the virus rapidly spreading and some of the people pull back their investment and also some of them use the money to things they need just to buy foods and other stock of supplies their need to survive the pandemic plague because some of them have a lot of lockdowns to avoid the spreading of it.

After the market price of the bitcoin fall for over $3845 it becomes a huge loss and we are hoping to improve this again and after a week the price of the bitcoin becomes stable for over $5000 dollars and after 24 hours there is a huge change before over $400 million dollars investment to the cryptocurrency and that is a huge impact because this is a good sign of market changes any time, one of the things why this happens because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.


Sorce : https://www.coindesk.com/bitcoin-bumps-up-but-for-how-long

I wouldn't call the BTC price recovery "improvement".This is just a volatile market.I guess that many traders sold altcoins and bought Bitcoin,because it's a little bit more stable than altcoin.Some crypto whales might "bought the dip".
The Federal reserve system and the European central bank are going to print billions and trillions of US dollars and euro,in order to fight the coronarecession.All those paper money will eventually pump the price of Bitcoin.The question is when will that happen?
5187  Bitcoin / Bitcoin Discussion / Re: Coronavirus crypto on: March 23, 2020, 12:10:23 PM
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?

The market panic affected the cryptocurrency prices,but it still hasn't affected the blockchains.
The miners are still mining,even though there might be another price drop.There's still hope that the coronavirus pandemic will probably end in the summer,so I guess the miners are expecting a price recovery after the halving.The question "Is the blockchain strong and flexible enough to handle a huge global crisis?"
has to be a subject of a serious and complex discussion.What if the electricity production worldwide decreases because of the pandemic(more people in that industry get quarantined or diagnosed)?
5188  Economy / Economics / Re: Net worths if Bitcoin reaches $100,000 on: March 23, 2020, 06:16:33 AM
I'm one of the people,who think that Bitcoin will NEVER reach 100,000 USD.Nobody would let this happen.
The governments and central banks,the corporations,hedge funds and banks,mainstream media,the altcoin develoeprs and enemies of Bitcoin Core-Like Roger Ver and Craig "faketoshi" Wright,even the Bitcoin Core HODLers,who will start selling at 15-20K USD.
It's good to stop with the coronapanic forum posts and fantasize a little bit about the bright future of Bitcoin (and the crypto whales),but too much fantasizing isn't good for anyone.
How can you prove that the people in that list (except Satoshi) have those bitcoins?
5189  Bitcoin / Bitcoin Discussion / Re: Stack sats / HODL philosophy (noob question) on: March 23, 2020, 05:56:36 AM
I'm sure that there aren't any 100% fanatic HODLers and any 100% day traders,who don't HODL even a sat.
The HODLers usually HODL a part of their Bitcoins and trade coins with another part.The day traders can be HODLers at the same time.Nobody is a HODLer forever.There's a certain price,where the HODLers will sell their BTC.It might be at the new ATH,it might be below the ATH,or it might be slightly above 10K USD.
I don't use the "stack sats and chill" tactic(buying small amounts of BTC here and there and hoarding)
because buying BTC is expensive and in the end,you are going to pay more fees for buying those small chunks of Bitcoins.
5190  Bitcoin / Bitcoin Discussion / Re: How About Bitcointalk raise Money in BTC to Donate on fight against Coronavirus on: March 23, 2020, 05:41:06 AM
There's already a BTC charity campaign launched by the Italian Red Cross using the crypto crowdfunding and charity platform Helperbit.You  can donate there,if you want.Bitcointalk,as a forum and an active community, has other purposes,one of them is to provide information about blockchain technology,Bitcoin and altcoins,so more people can educate themselves and learn about the opportunities of the crypto industry.
It's OK to donate coins if you want,but we are not,and we shouldn't be,a charity foundation.
5191  Economy / Economics / Re: The Economy around the world will be very bad in April to May 2020!!! on: March 22, 2020, 06:30:23 AM

when Muslims do fasting in the month of Ramadan then automatically their immune system decreases, it is certain that those who fast will be more susceptible to disease, especially Covid-19.

The drop in immune system won't make much difference, the virus is already highly contagious and deadly. So maybe Ramadan will cause like 1-5% increase compared to no fasting - so what? If you want to make economic predictions, you need to get some numbers, not just make some seemingly logical reasoning.

The coronavirus is contagious,but it's not that deadly.There's no need to spread panic.
Eating and fasting has nothing to do with speading the coronavirus.
Social distancing will help for stopping the virus.I don't think that there are rules about NOT keeping social distance in Ramadan.With or without Ramadan and Easter,the global economy will crash in April-May 2020,everyone knows that.Ramadan and Easter aren't a cause for further spreading of the vrus.
5192  Bitcoin / Bitcoin Discussion / Re: Antifragile Bitcoin Was Born To Thrive In An Economic Crisis on: March 22, 2020, 06:09:22 AM
Bitcoin's fundamentals have not changed and they never will. Bitcoin is the most distinguished representation of money today. It is borderless, democratic, uncorrelated and antifragile by design. For the markets to reflect this, Bitcoin needs to refocus on its founding purpose.

Read more - https://bitcoinexchangeguide.com/antifragile-bitcoin-was-born-to-thrive-in-an-economic-crisis-so-whats-stopping-btc/

Bitcoin was not made to withstand a Pandemic , which is why it's price lost such tremendous amounts.

If you think being a bitcoin miner , insures good health, then you are confused, it won't.

Bitcoin is failing at being a currency which is why it's price dropped,
for the majority of people it is only a gamble to earn more fiat,
world emergency hits and people cash out the gamble to fiat,
because they feel safer with fiat.

Your so called antifragile btc is losing the miners profits -~$4k per coin, so it is fragile if miner profit margins don't improve shortly.  Tongue


People feel safer with fiat money,because they feel safer with something known.This is completely normal.
The BTC price didn't lose "tremendous amounts".There were price crashes in the past that were way harder than the last week price crash.If miners don't get any profits from BTC,they could just stop mining and leave.The hash rate/mining difficulty will drop,and mining will become profitable again.
If we ignore the volatile Bitcoin price,then yeah,the Bitcoin core blockchain is still strong and the fundamentals of Bitcoin Core aren't damaged by the crisis.
5193  Economy / Scam Accusations / Re: Very innovative BTC/ETH scam ongoing live, right now. on: March 22, 2020, 05:54:36 AM
Who (except total newbies) would trust a website with such .site domain extension?
Who (except total newbies and very naive people) would think that the real Elon Musk would run BTC or ETH giveaways and lotteries on social media?What's the point for him to run such giveaways?
"Donate 0.3 ETH in order to get 2-3 ETH back."-This sounds like the simplest and oldest scam ever.
There's nothing new and innovative in this,except using the name of Elon Musk.
5194  Bitcoin / Bitcoin Discussion / Re: Opera now lets US users buy crypto with Apple Pay or debit card on: March 21, 2020, 11:57:18 AM
Who uses Opera nowadays?
According to W3Counter,Opera has a 2.7% global market share when it comes to PC browsers.
They are not in the Top 10 list of Web browsers. Even Internet Explorer,Safari and Firefox are beating them.
I guess that Opera is the shittiest web browser of them all.I tried to use Opera once,but I wasn't impressed and returned to Firefox and Chrome.
Good for them,if they really want to adopt cryptocurrency payments,but I guess they will implement some fees as well,in order to boost their revenue.
I don't think that Opera will turn into a crypto scam,they are located in Norway.Scandinavian companies are trustworhty.Anyway,I will never use their wallet and browser.
5195  Bitcoin / Bitcoin Discussion / Re: BTC + Corona on: March 21, 2020, 11:45:39 AM
I was just curious to know whether the Corona outbreak can help bring people's attention towards the crypto market?
Where many countries have banned short selling too in ever falling stock market along with the oil and gold prices tanking, I am sure many would be looking for an alternative. Regarding BTC which has recently touched the bottom (atleast according to technicals) after a 60%+ fall, I guess this is the best time to bring traditional investors toward btc. People have free time to read and understand cryptos too as they are quarantined  Roll Eyes

Nope,this is definitely NOT the best time to bring "traditional" investors to BTC.I don't know what you mean by the term "traditional"?Do you mean banks,hedge funds and insurance companies?Such institutional investors would stay away from Bitcoin in times of crisis.Only the real speculative investors who are going for the highest risk/profit ratio would remain as stable Bitcoin supporters.
And no,I don't believe that Bitcoin had touched the bottom at 5K USD.There will be another bottom at 4K next month.
5196  Other / Politics & Society / Re: COVID-19 teaches all of us. on: March 21, 2020, 06:37:08 AM
COVID-19 is still spreading around the world, there are so many lives that passed away because of the virus, but despite of danger that this virus can give to use, it teaches us something in our lives.

1. Our earth feel free because there are a lot of company that produces air pollution that is being closed.
2. There are so many people who clean our environment, there is general cleaning in our community.
3. People learned how to be careful and protect their health.
4. Because of this virus, the government decided the lockdown on our are and by that we get so much bonding on our family.
5. There are a lot of cancelled activities and gathering such as (night club, vices, etc.)
6. The virus makes us so conscious on our environment.
7. Our camaraderie increases.
8. Our faith on our God increases.

I know and I believe that we can overcome this problem, let us all help each other, stay at home to prevent the risk of spreading the virus.

OP,you forget the most important part.All those measures are TEMPORARY,so the positive things you are mentioning are temporary too.The coronavirus pandemic will be over around 2021 and the people will return to their negative habits,like going to night clubs,drinking,using drugs,eating unhealthy foods,pollution of the environment,etc.
Many people lost their jobs because of the quarantine.This is way worse than staying at home with your family,doing nothing and being confused/stressed out all the time.
5197  Economy / Service Discussion / Re: Bitcoin Statistics on: March 21, 2020, 06:26:30 AM
The website looks pretty good.Thumbs up for the creator.Maybe he is a Bitcointalk forum member and could reveal himself to the community to gain some appreciation for his work.
It's funny to see again the Bitcoin market cap of 113 billion USD and all other altcoins market cap-most of them have market cap below 10 billion USD.Who's the king of cryptocurrencies now? Grin
No altcoin in the world is going to beat Bitcoin ever.Bitcoin cash and ethereum are not even close.
5198  Bitcoin / Bitcoin Discussion / Re: is this the best time to teach about bitcoin? on: March 21, 2020, 06:13:40 AM
Nowadays,more people are staying at home using their computers and smartphones.A part of them wants to learn something new.
Online education is growing and the amount of people using online education platforms is going up.
Now it's the time for you to create an online course about Bitcoin/blockchain and give it away for free.
There are plenty of education/tutoring platforms like Udemy,Skillshare,Coursera,Lynda.com,etc.
However,I don't think that most of the Bitcoin newbies would want to invest into buying Bitcoins right away.
5199  Economy / Speculation / Re: Bitcoin prices are going to moon according to Willy Woo (analyst) on: March 20, 2020, 12:31:49 PM
Huh, BTC is going up, and at the same time, the financial markets are also in the green (check out stocks and crude oil price)...Hmm.

What does that tell us? is there a correlation there or is it just a coincedence? Roll Eyes

Who the hell is this Willy Woo guy?I've never heard about him?His opinion doesn't matter to me.
Everything is recovering after the first wave of panic.There might be a second wave of panic.Many analysts predicted that there will be W-shaped price pattern,when is comes to both crypto and stock markets.
First dump,then small and fast recovery(like the one we are witnessing now),then another dump,and a possible slow recovery over the next 2 years.Bitcoin price went up from 5,2K to 6,6K USD really fast,but a lot of traders and newbies will sell their BTC,because they are afraid of another dump.This is definitely not a bullish trend.
5200  Bitcoin / Bitcoin Discussion / Re: Bitcoin Theft on: March 20, 2020, 12:14:28 PM
Those Canadians have pretty Indian sounding names. Grin
Anyway,how stupid is someone,who thinks that a big Crypto exchange platform like HitBTC would have their customer support working on the social media?The only legit way to contact customer support representatives of any legit website and platform is via email (and maybe via phone).
I'm glad that those two scammers are punished for their deeds.The trial was very slow,but there's justice at the end.Twitter accounts that are legit have a verification badge.We should deal only with verified Twitter users.
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