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5321  Economy / Economics / Re: Russia's Cryptocurrency Law - Initiation on: February 18, 2020, 12:56:47 PM
Isn't china doing it better? I mean, they've had success with their blockchain progress and the yuan coin they have. Haven't heard or seen many updates lately though after their announcement with the concentration on the development of Blockchain. As for Russia, well, they've been having problems with regards to the steps they should actually do. It's like one straight line was made to curve endlessly around before reaching a final ending or conclusion which makes watching their progress really hard to bear. As for US, I actually have close to no idea about their progress. Am not following the updates they have particularly sadly.
5322  Economy / Trading Discussion / Re: Exchange managed to lose 7000- 13000 BTC in Non Payment?(BTC downtrend reason?) on: February 18, 2020, 11:47:23 AM
It amazes me how people can spout absolute BS, and in such a long and roundabout way as well. I imagined them typing it out without even batting an eye from the reasons they gave. They made a mistake and failed to adapt to the users needs and wants, and failed to limit whatever they should have. They already failed as a company tbh, but as a way to make a quick buck? I'd guess they already achieved as such.

Also, we lost about $500 in BTC price, not enough to be called a downtrend tbh. Probably a correction would be a better term? We have seen how BTC has continuously risen for the past weeks after all. Might have corrected itself for now and would show a sideways movement for a few weeks before pushing ahead again.
5323  Economy / Economics / Re: Is Bitcoin good for the economy? on: February 17, 2020, 03:53:31 PM
It's actually rather easy to earn BTC. As long as you have the funds, equipment and time that is. Also, I doubt it could act as a store of value. Sure, it could be a medium, but as a store of value? Nope. It's way too volatile. And even if you consider that the supply is limited, BTC transactions could approach the number 0 and never reach it. Just like how it was said in here:

I think this supply isn't enough for world-wide using and mass adoption

Fortunately, Bitcoin doesn't care what you think. Bitcoin is a voluntary system, if you don't like it, don't use bitcoin.  Bitcoin is a voluntary system.

Bitcoin is just a number.  If 21 million Bitcoins isn't enough, then how about 21 billion millibitcoin?

If 21 billion millibitcoin isn't enough, then how about 21 trillion microbitcoin?

If 21 trillion microbitcoin isn't enough, then how about 21 quadrillion nanobitcoin?

If 21 quadrillion nanobitcoin isn't enough, then how about 21 quintillion picobitcoin?

See, that's the surprising thing about numbers, they can always be divided resulting in smaller numbers.


So even if the supply IS limited, I doubt it would stand at a single price for the long term, since the supply changes every now and then because of lost wallets/ hacked accounts/forgotten accounts and other stuff like that. There needs to be a solid store of value right now like USD, and stand together with BTC to form an economy, is what I think is needed.
5324  Economy / Speculation / Re: Scammers move 12k BTC - dump is comming? on: February 17, 2020, 03:35:19 PM
I have doubts they would do so. One, it would be disadvantageous on the long term since they could potentially get a huge sum from trading it by slowly releasing it to the market. Two, the coins are probably already marked, and exchanges would probably be in the lookout for these coins/wallets marked. Plus, since its a well known scheme in the scene, the victims (or at least a leading party of it) should be monitoring these coins that are exchanged from wallet to wallet. Iirc, there are already instances of coins being retrieved from various schemes and scams, but not all of them were successfully retrieved sadly. They'd probably have to wait it out against the authorities looking for them, since the scheme they did doesn't just involve a small amount of money. It also involves quite a lot of investors and users alike so a lot of eyes are probably on any movements they make.
5325  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin protocol be changed to allow for a larger supply? on: February 17, 2020, 02:55:44 PM
Upvote for not changing it. The others have already said it, BTC has and can be used in smaller amounts. Supply is completely not a problem. If some BTC gets lost, then that would probably make the price go higher since the supply became less, and in the end, the community would then again use it in smaller amounts for everyday transactions. If, and only if, every BTC out there was lost, then possibly, enthusiasts would probably do something to fix it, but the chances of that happening are much closer to an impossibility rather than a possibility.
 
Losing BTC due to wallets being lost or owners forgetting passwords and what not isn't really anything new. It is finite, yes, but you can also use it infinitely, approaching the number of 0, but never really reaching it. Unless, that is, all coins are lost.
5326  Economy / Speculation / Re: Buy on Friday and Sell on Monday on: February 17, 2020, 02:03:51 PM
Isn't it buy on Mondays and sell on Fridays? Though the assumption is too early to announce since that pattern has only appeared for the past 2 weeks only.  Plus, the profit made isn't really anything huge so the effort might not be that much worth it.  Plus, you've already said it yourself. It's a volatile market. Assuming a pattern based off of 2 weeks of market movement isn't really that of a good move. Not to mention the fact that Buying on Friday and selling on Monday puts you in a negative profit instead of a positive one.

Just buy BTC whenever it hit lows tbh. If you want to invest more that is. Stop selling everyt ime it drops and just keep holding them. Exit the market when you've already made a sizeable profit. We invest what we can lose, so don't make additional movements regarding analysis you don't even understand.
5327  Economy / Gambling discussion / Re: Do some gamblers actually win? on: February 17, 2020, 01:47:27 PM
I was really questioning the title when I saw it. Like, no one would play a gambling game if people didn't win right? The stats aren't probably misleading or anything like that. There may be one or two accounts that could have been intentionally manipulated by the site, but the majority should probably be legit statistics.

As for the question of how they manage their profits, well, some people are just filthy rich that even if they lose a lot on one day, they can immediately amass funds for the next day. There's no purpose in comparing yourself to these types of people since they gamble for the sake of gambling itself. They don't fixate on winning. As for those that win, well, if you won, why would you stop right? They'd probably store a part then gamble with the rest, and if you lose, you take the part you won last time. If you win, then rinse and repeat the method said.
5328  Bitcoin / Bitcoin Discussion / Re: Where can I rent servers for bitcoin? on: February 16, 2020, 04:28:15 PM
Let me get this straight, your looking for a website provider that accepts payment via BTC, right?

Have you tried checking out Hostinger? Based on what I found, they don't really require KYC, they also cater to beginner web developers/bloggers. Seems like its quite a trusted and liked provider. You can see the reviews about it here.I also tried looking up various providers and I found quite a few. You can refer to them here. Not particularly sure if they meet most of your standards, though they do accept payments in BTC.
5329  Economy / Trading Discussion / Re: I was offered to EXCLUSIVE TRADING BOT - whats that? on: February 16, 2020, 03:29:06 PM
Credibility is a hard thing to know, especially if the platform used was telegram. I basically label anyone I talk to in there as a scammer and refuse 100% any types of transactions concerning any of the parties I talk to with. Also, what platform? Well, whatever you found or was sent to you, others also have it I suppose.

Codes for bots can be found at a few forums and sites, and just a quick google is enough for you to find one so I see no need for you to accept/follow the offer made to you. Just find one that suits you the best. Still, it isn't really needed and not really something you should pay for, so if asked for payment, don't bother. You're literally just wasting your time and money.

5330  Economy / Economics / Re: crytpo economics and fractional lending on: February 16, 2020, 02:49:25 PM
It can't replace it. It may replace fiat currency, aka being a cashless transaction around the globe, but the inherent need of people for money requires companies to retain the ability to become a fractional reserve. Of course, just like as of today, this requires both parties to agree and form contracts and agreements built upon rules enforced, but it also has an inherent difference to the current fiat system. One of which is the limited supply a coin could have, in which banks and the government would have no way of manipulating it.

Of course, this may become a situation where it isn't the government and the banks becoming the reserves, but rather private and public companies. This may pose some problems, especially since the relationship between the crypto scene and the government/banks isn't really a positive one.
5331  Economy / Scam Accusations / Re: Coronavirus Phishing Warning on: February 16, 2020, 01:19:10 PM
The first step tbh, is to stop panicking. If you were to fully understand what the Virus is, and how it spreads, you can understand that the WHO asking for information is completely unneeded, especially if you haven't gone and shown any kind of symptoms. You can also notice it subtly on the sentence and grammar construction of the emails sent, like literally every type of scam email has a form of mistake that is commonly ignored but should be easily seen if observed carefully.

Sides, emails are completely open to the world with how much we use it, but if EVER the WHO would want any kind or sort of information, they would probably inform the world through PUBLIC channels. AKA, the media.
5332  Economy / Speculation / Re: Bitcoin Uptrend Broken on: February 16, 2020, 12:35:46 PM
Hmmm... If $9700 could be described as lows, then the $3k last year could've been described as hell no? or maybe even just that $7k this year. It's not a massive drop or what not, jeez. Literally, everyone acts the same whenever price drops by 1-3%.  A massive drop should at the very least be at 10% or so. That's actually small but considering the amount BTC is at right now, that could be described as massive. Back on topic, honestly, we've seen drops like this every week ever since the start of February (aka the start of BTC constantly rising up even with the constant downs during Mondays - Wednesdays). Just the past 2 weeks have shown a drop from $9.4k to $9.1k last Feb 3, and $10k to $9.7k last Feb 10. Idk what's up with Mondays but so far, it has always shown an up and down motion every week, so I suppose it isn't weird for BTC and other coins to go back up by the end of the week.
5333  Economy / Gambling discussion / Re: Which is easier, stop when you are winning or stop when you are losing? on: February 16, 2020, 09:02:11 AM
Not about winning, nor losing. It will be easier to stop when you experience bad things in gambling. For example: you become addicted to gambling, while you are trapped in debt.
There are actually rare cases (not sure) that a gambler actually has a harder time stopping when he's in a pretty bad spot with regards to other matters in his life, whether it be a problem concerning money or not. In those cases, those people could rightfully be called addicts, and would usually stop at nothing to earn money to gamble. They'd probably mortgage their own organs or even life if they could, all so that they could gamble it out.

Imo though, its a lot easier to stop if you know what you're doing. In a sense, after winning a few times or losing a few times, you'd come to consider that you're gambling no? You'd come to realize that, okay I'm losing too much got to stop or okay I'm pretty lucky today, but I shouldn't really push it. Its the mindset that counts, not the situation I suppose.
5334  Other / Meta / Re: What do I need to post to earn Merits? on: February 16, 2020, 08:21:27 AM
If you absolutely know nothing, you can start off by sharing useful information. Some sources would be cointelegraph and other related sites that contain daily updates and information regarding the everyday events in the crypto scene. You can then slowly try to study various topics regarding BTC in the forum together with being updated daily to the events in the scene. You can't really get any merits as long as you know nothing, and posting repeatedly wouldn't help you develop your knowledge so study up.

Probably start the practice by posting, not for merits, but for questions. Find answers regarding things you don't understand, so you can share them to others as well in the near future. This takes time tbh, and if you're not willing to learn, it isn't really possible. It ain't like school where you're needed to study the materials given so its difficult at times to find the will to start studying all of a sudden.
5335  Other / Beginners & Help / Re: POSTING BURSTING- ASK TO KNOW on: February 15, 2020, 05:17:47 PM
so it will be decided by the manager of the campaign, meaning I need to report if someone sees a guy who burst posting  Wink
Yea. Some campaigns require most people to post with an interval of around 20  - 30 mins or more, and they keep watch of this since managers don't count posts that are seen to be posted that is within the time limit. Still, reporting for some of these issues is rarely done, since the campaign itself has people who check the posts and the timeframe of the post.

Still, low-quality posts would naturally be deleted by admins/mods of the forum, so campaign managers don't really need to check the quality of the post much. There are also instances of the entire thread being deleted because of its low quality, but a reply of high quality was made, which in this case, is deleted as well.
5336  Other / Beginners & Help / Re: Use Discord with caution on: February 15, 2020, 04:38:49 PM
Idk, I for one never use discord as a medium to look for people to transact with. I'm more up with people in forums, those of which are quite well known and are easy to know that are trusted and has transacted with a lot others. Discord is originally used to talk to people regarding various hobbies and the like. If you were to use it to find people to buy stuff, you'd basically be turning it into a 2nd telegram, in which we all know is filled with scammers here and there.

Sides, if one were to participate in telegram groups, you'd be quite used to it that you wouldn't trust anyone, even if they have transacted with you in the past. Just take care tbh, especially when it comes to money.
5337  Economy / Speculation / Re: Halving Bitcoin price skyrocketed to $ 90,000. why not? on: February 15, 2020, 12:47:12 PM
Hmmmm. Bitcoin could reach $90k, just not because of the reasons you stated. See, even if the rewards is halved down, the miners could still be fully capable of doing the same thing they've been doing. Just like what others have said, they use ASIC's not Supercomputers. Supercomputers may be a general term, but it isn't a term used to describe mining machines. The price of $90k is achievable, but its a low chance, and the time frame needed is not simply a few weeks nor a few months.

Lastly, the article you sent is in another language. I'm not sure what it is, but it isn't english for sure. Seems quite nonsense to share one when it isn't even readable by most people.
5338  Bitcoin / Bitcoin Discussion / Re: How interested are you to lend BTC out? Need Your Input! on: February 15, 2020, 07:47:08 AM
I would lend my Bitcoins only if there's a big enough collateral-altcoins like ethereum,ripple or monero that have somewhat stable prices.
That isn't enough though as a collateral right? In the first place, holding a collateral for something as volatile as Bitcoin is problematic enough. Bitcoin changes everyday, but your collateral does not right? And if you actually use volatile altcoins, then both of them are changing right? Even if we use stable coins like USDT, fact is, BTC still changes in its price everyday.

The idea seems dead to me tbh. As Bitcoin stands to be transacted anonymously, and any type of lending services would probably be done on the internet, it lacks the idea of secure and safe lending service imo.
5339  Economy / Speculation / Re: BTCs predictions beyond the limits or it might happen... on: February 15, 2020, 06:32:29 AM
There isn't really anything wrong with how they predict things. It's called a prediction because it has a very large margin of error. If they were to describe it as an analysis and a hypothesis, there'd probably be a lot of wrongs about the article, but it isn't really shown as that. There's also the fact that they may just be doing this to get attention, or something similar.

Sides we all see this every now and then. Whenever BTC is in a good mood and it shows quite a good run, people start being positive and predictions made are way above the current market which seems quite impossible to reach. Then when BTC has a bad run, predictions about it turning useless, price going below a dollar and the like start popping up. It's the usual cycle tbh.
5340  Economy / Speculation / Re: Is Bitcoin about to see a strong upward move - Analyst on: February 15, 2020, 04:12:11 AM
Kek, more resistance levels to break. It's like every time BTC breaks something that analysts say it must break to achieve a bull run, they then say afterward that, "nope, there's one more level to breakthrough".  Sides, a strong upward move? Isn't the fact that after only a single month, BTC has already moved up from $7k to $10k? 

It's kinda amusing how you seem to attach power levels to buyers and sellers in various countries lmao. No single group or what could possibly determine the market price of BTC. Hell, if it were like that, then the system Satoshi thought up of would have never seen this much attention in just a decade.
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