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5321  Alternate cryptocurrencies / Altcoin Discussion / Re: is advertising for ICOs unethical? on: April 22, 2019, 01:49:59 PM
I've noticed many ICOs have to spend a lot of money on promotions and advertising.

For example, let's say an ICO raises 10 million dollars but has to spend 9 million on promotion.

Therefore, they only really raised 1 million for the project.

Isn't this unethical?

If you're starting a company and looking for investors the traditional way via stock equity, you would never spend 9 million or even 5 million or even 2 million in order to raise 10 million from investors.

This begs the question, what ratio of promotion cost versus funds raised for ICOs is ethical?

And how do we know if an ICO is using an ethical ratio?


I don't think that would be happening. Every startup has a planner who plans things and gets them executed. Similarly every ICO must be having a strategy prepared to be executed at the given time.
Every ICO has different goals and the amount to be raised is also different for every ICO. I am sure every ICO allocates a percentage of amount raised and distributes it towards the expenses of developing the project which includes promotion. Lets say if an ICO raise $10M then 50% should go for marketing and promotion, 20% for payments of team, 10% reserved funds, 20% for further developments etc... Just an example though.
It just won't make sense if an ICO is raising $10M and spending 90% of it promoting it.
5322  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you determine potentiality of any Altcoins? on: April 22, 2019, 01:23:46 PM
We know lot of Altcoin on the markets with different prices. How you determine which is most potential coin? What method are you using? Few people's are thinking those coin price growing well its potential coin. Do you think same?

I don't think that price growth could determine potentiality of coin. For me, I determine potential coin by uses. Its true few coins growth is good enough even there is no uses. But it's only temporary or by manipulated. But if you choose potential coin which have uses and team are too active to develop their platform then it might give you good returns on future.

So before invest on any existing coins you should determine which is potential coin and how it is. Don't just compare growth of price for alts.

What's your thoughts about it? Let's share knowledge and correct me if I am wrong.
Definitely no. A coin's price can never tell about it's potentiality. The price fluctuation is just another speculation and there can be many causes for the surge in price.
We cannot determine the potential of a coin with it's price. If it was so then bitcoin should have been having a bad potential since it dumped from $19k to $5k but it's not.
Bitcoin is having the highest potential among any other coins in the crypto market.

The potentiality of a coin can be observed just by knowing a few facts like the aim of the project, the team behind it, the time span of the project, the goals of the project etc..
Every things has an important role in it's place and if we feel that everything is right with the project then we can say that the coin might have a good potential.
5323  Bitcoin / Bitcoin Discussion / Re: A Deep Dive Into Bitcoin's Scarcity on: April 22, 2019, 01:06:26 PM
Well you know what that means, start holding your bitcoin, it is actually crazy i though that the supply was supposed to last us at least 100 years before all the bitcoin is mined, but with the supply running low this could lead to many thing not just people having less that 1btc in their wallets, but it will require a lot of machine power to mine what is left of it, meaning that transactions will take more fees and more time, which than may lead to micro transactions made through bitcoin impossible.

You should definitely read this post made by franky1 and if you already did then do it again. This clearly explains the fundamentals of mining difficulty and the units of bitcoin.

there are 2,100,000,000,000,000 sharable units currently
under the assumption of this. the bitcoin halving events would end new unit creation in ~2140

however some bitcoin devs want to split up the units of account by a further 1000x called millisats. meaning more units of account can be shared out

i know many people will say 'but there will still be only 21m btc because each btc is no longer
100,000,000 sats
but
100,000,000,000 millisats
also by having more dvisions, this would allow more 'coin creation (and thus more halving events) to occur meaning coin creation would continue for a dozen+ more years ()
5324  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamato to be revealed " claims on: April 21, 2019, 02:27:46 PM
Well Mcafee claims to know the real Satoshi Nakamato and he thinks revelling his identity will be a book to the cryptocurrency society, he thinks all the jokes who roams around claiming to be nakamato is essentially a sheer waste of public indulgence in their antiques.

He was threatening nakamato if he didn't came out then he will narrow him down and then revel his identity to the whole world.

What do you guys think ?
Is this good or bad ?
Is he doing the right thing ?

Why isn't his right to be anonymous respected here ?
He made something which essentially makes everyone , every transaction hidden and maybe there is a reason, maybe he wants to peacefully spend his days, instead to be in the limelight every now and then.

Isn't the decision his ? Not someone else's ? I am a little disappointed this shouldn't happen, maybe he wants to be mystery forever . But it's his decision.


 https://www.newsbtc.com/2019/04/19/will-mcafee-disclose-nakamotos-identity-crypto-will-suffer-if-he-did/
I won't believe any word McAfee says because he simply speaks lie all the time. He keeps making random predictions which is by far from what actually happens.
If you do a little research and find out his previous predictions then you will yourself stop believing in him. Besides that Satoshi was not afraid of anyone which is why he created bitcoin in the first place.
Why do you think he would reveal his identity now just because McAfee said so. If Satoshi wanted to reveal his identity then he would have done that already.
5325  Bitcoin / Bitcoin Discussion / Re: A Deep Dive Into Bitcoin's Scarcity on: April 21, 2019, 02:16:17 PM
I have been always telling my fellow bitcoin investor friends. Bitcoin is scarce!. And it is scarcer than we think.

We mined 17.5 BTC up to the present. 1m BTCs is in Satoshi's account. 4m BTCs is lost.

Grasping this scarcity may help why BTC is still undervalued!

From the article below;

If you own just a single bitcoin, only 17 million other people will ever have as much as you.

We have never had true scarcity until now, and because of that, it's a concept that's hard to grasp.

Furthermore, and scaling up a little,  let's assume bitcoin manages to hit critical mass, and everyone on the planet tries to grab a piece of the action. There would only be 0.003 BTC for each person…


Check the article below;
https://www.chepicap.com/en/news/8455/a-deep-dive-into-bitcoin-s-scarcity.html
It has been discussed over many times on this forum and the solution is just to use the divisible units of bitcoins 'Satoshis' to the maximu extent.
Since bitcoin has not gone mainstream it is easy to classify bitcoins as a whole but as the adoption takes place and bitcoin grows bigger, the classification should switch to Satoshis instead.
Only then it would be appropriate to  make the payments and transactions smooth. Further more as Franky1 said if later in the future the devs decide to divide it into milli sats, it would be an addition to the current maximum divisible units of bitcoin.
5326  Bitcoin / Bitcoin Discussion / Re: Will we reach first 100M market capitalization or 18M BTC in circulation? on: April 21, 2019, 01:59:09 PM
Word correction: it's 100 B and not million.
Well if look out through the charts then the 100 B marketcap is soon to be achieved as the price grows steadily.
18 M BTC supply is yet to take ample amount of time to be achieved as the leonair mentioned.
Anyway, the increase in marketcap certainly won't make a huge difference though.
5327  Bitcoin / Bitcoin Discussion / Re: What the future HODL? on: April 21, 2019, 01:50:45 PM
hi
for my own opinion im against hodl and against long term investments because bitcoin can pump and dump in any second
and the value of bitcoin isn't stable anymore so holding coins is very risky now
Holding bitcoins for a long term won't do any harm to you because it is known that any long term investment yields a profit which includes bitcoin.
It's true that bitcoin may pump and dump at any time but it doesn't happen so frequently and besides that one who believes in bitcoin won't care even if the price dumps.
Because he knows that the price will recover sooner or later. So buying it while the price is affordable would be the best deal to make.
5328  Economy / Trading Discussion / Re: Who sell? / How this happens? on: April 18, 2019, 04:10:06 PM
These things happen in crypto. There are various possibilities for this to happen. It might also be a pump and dump.
Although there is not a pump, it might be a result for a previous pump as well. Also can you put the reference to this chart.
Waves has been going sideways since the last 2 weeks which shows it's pretty normal Huh  Undecided
5329  Economy / Trading Discussion / Re: The BEST Charts with BITCOIN with candlesticks on: April 18, 2019, 04:04:44 PM
So..... Tradingview Sucks for charts. They pop up all over the place. They want money for clear charts.

CMC does not even have candels?? How can anybody do anything WITH no candle?

Coinbase... let's not even talk about CB.

Where else can i turn to?

Binance?
What's wrong with tradingview ? I have been using for so long now.
I don't see any kind of advertisements in it if that's what you mean with 'pop ups'. It's been clear for me since so long.
By the way, even if they display popups on your screen you can simply close them. It's the least you can do for a free version of charts.
You have to face some struggle if you want quality data for free.
5330  Economy / Trading Discussion / Re: Newbies that has interest in trading! on: April 18, 2019, 03:29:54 PM
The sites you mentioned are really good to learn technical analysis and to learn the basic fundamentals candlesticks and other properties of charts and graphs.
But I don't think that it will be much useful to carry out profitable trades on cryptocurrencies. It might be useful to analyse the historic price of various cryptocurrencies but it won't be useful in predicting the prices of crypto.
In fact the crypto market is not meant for predictions at all since it is purely based on the demand and supply at that point of time.
Anyway, it is still useful in analysing the current market conditions so newbie traders should definitely go through these once before they start trading crypto.
5331  Economy / Trading Discussion / Re: The pitiful state of the Chinese economy could weigh on Bitcoin on: April 18, 2019, 02:55:29 PM
China has been spreading the news of bitcoin mining ban frequently lately and I don't know whether it is true or not but I think they are just trying to spread a FUD.
Their motive might be that people dump bitcoin but I don't think that will happen since people have been over this already.
Even if China bans bitcoin mining it will create a temporary effect on bitcoin's price but then things will get settled up as bitcoin recovers the price.
New miners might then join the pool and if not then the older ones will be more benefitial as they will be getting more rewards.
5332  Economy / Trading Discussion / Re: How to deal with greed whilst trading? on: April 17, 2019, 05:42:18 PM
We have all been there. Greed is something that any person could develop over the time. But once you have suffered enough losses you will fear of encountering any more losses.
That is how fear will over take greed. After that you will have to setup your mind to follow the strategies you will create to a make a successful trade.
I know saying it is easy while doing it is totally difficult. But once you start following the strategies you will get to know that following the strategy is more beneficial to risk it over greed.
You will have to set the targets and stop losses to execute a successful trade and remember to keep the profits smaller in the beginning as it will create a confidence in you.
5333  Economy / Service Discussion / Re: Can we get adsene to our crypto blog website? on: April 17, 2019, 05:30:15 PM
Can you give a merit so I can be a jr. member here!
Since you are still a newbie the best advice for you would be 'Never' ask for merits on this forum to anybody.
Asking for merit is called as 'Merit begging' and is against the forum rules. Just keep making good quality posts and the generous ones will bless you with a merit themselves.
5334  Other / Beginners & Help / Re: How to start learning programming? on: April 17, 2019, 05:11:26 PM
I am very interested in the blockchain technology and I want to find out all about it. As I understand it, it is better to start with the usual programming. What is the best way for me to start, so that later it is convenient to join the development of the blockchain?
You will first have to define your goal properly. If your goal is to learn programming then you must understand the basics of programming and start programming in languages like Python, Java etc..
You will find the guides on learning the basics on youtube and to learn the languages I would recommend doing some online courses. You can either try the free courses or join platforms like Udemy.

If your goal is to learn blockchain development then you must first learn the theoretical part of blockchain and then find courses which will teach you blockchain development.
I remember Tosh Academy having a Blockchain development course but it is a paid course for which you will also get a certification.
You can also join some free courses to learn in depth blockchain development but to accomplish that you must have good technical and programming skills.

These things are not so easy and it will take a good amount of time especially if you are not from a computer science background.
5335  Bitcoin / Bitcoin Discussion / Re: Craig Wright is Satoshi Nakamoto - Evidence Here on: April 17, 2019, 02:28:11 PM
He is talking about payment processor and transaction speed. What is your point exactly with the quote?

he was also talking about his stance when somebody disagrees or don't believe what he said.

Actually it sounds very much as Craig Wright expressed himself on twitter.

not really when he tweets "i'll start suing you if you don't believe me".


anyway, if you disagree or don't get my point after this, i don't have time to convince you. sorry.
happy believing.
You are absolutely right. Thanks for posting Satoshi's message. It gave me an oversight to his character and I personally liked it very much.
It does prove that Satoshi and Craig has a huge difference in their respective characters. Craig is a more like an asshole though  Tongue
You have proved your point well and @HardFireMiner should probably understand it well now.
5336  Bitcoin / Bitcoin Discussion / Re: Craig Wright is Satoshi Nakamoto - Evidence Here on: April 16, 2019, 05:20:33 PM
First things first, lets call him 'Fake Right' rather than 'Craig Wright'  Grin Grin
I don't think Satoshi revealing his identity would matter much to bitcoin. All it can do is add a little publicity to bitcoin which will in turn create a short temporary spike in bitcoin's price.
Once the things are settled bitcoin will continue to grow naturally as it always had been unless new developments take place.
So even if Fake Right is not fake it won't matter to bitcoin.
5337  Bitcoin / Bitcoin Discussion / Re: Need help finding average returns on: April 16, 2019, 05:04:08 PM

that seems correct to me unless you are using different numbers to calculate the percentage.
Code:
((300-177)/177)*100 = ~70%
Well if that's the case then how would the 2017's and 2018's percentage would be found out ?
2017:
((900-300)/300)*100 = 200%

2018:
((3600-900)/900)*100 = 300%
But the percentage is different from what franky1 has posted.

I assumed the forumla franky1 used was
2017:
(900/300)*100 = 300%

2018:
(3600/900)*100 = 400%

hence for 2015:
(300/177)*100 = 170%

Quote
it is kind of a weird thing to calculate because it doesn't make much sense. you either want to see how much bitcoin has risen from a certain time in which case you just open any chart and see the price at that time like price at the beginning of 2017.
or you are a day trader in which case calculating the "return" is more complicated than that because it requires YOUR orders and their prices.
Well I want it for my own research and the charts are not helping me. But I have found out that it's just me and the numbers does not attract others.
5338  Bitcoin / Bitcoin Discussion / Re: Crypto Cowboy Binance Wants to Play by the Rules on: April 16, 2019, 04:44:24 PM
Where anonymity is involved, money launderers get a bright opportunity to play around with money in that area. The only way to stop it is to alter the framework which in this case can be called as regulaiton.
Hence the anonymity concept is disrupted. I would say that binance is doing it's best thinking of the possible problems it could face in future and making itself ready for upcoming problems.
It's at least thinking of tackling such problems while it's competitors are doing nothing.
5339  Bitcoin / Bitcoin Discussion / Re: Need help finding average returns on: April 16, 2019, 02:53:41 PM
i never bother with all time highs. as hardly anyone is online, deposited into exchanges intime to take advantage. but if basing thing on the LOWS, where everyone gets to experience atleast this amount. then its more a fair number

2015 - $177
2016 - $300(70%)
2017 - $900(300%)
2018 - $3600(400%)

I just find out how you have calculated the percentage gains. According to me, the return should be 169% for the year 2016.
Must be a TYPO or something from your side. Well I was looking for a website or tool that could help me in calculating the returns for various period of time.
For example all the months in a particular year, all the years till date, a range of years etc..

Also if there is not such website I also thought of creating one. Would like to get opinions for the same. Would it be worth it ?
Is there a need for such ? I am personally interested in finding such average returns but are there others who think there is a need for such thing ?
5340  Bitcoin / Bitcoin Discussion / Re: Crypto the movie about bear on wallstreet released their trailer. on: April 15, 2019, 05:54:51 PM
From all that I could make out from watching the trailer was
  • Money Laumdering
  • Hacking
  • Crypto getting stolen
  • Bad people involved(probably Russian Mafia)
  • Market crash
All creating a negative view on cryptocurrencies. The comments on the video proves the same.
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