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61  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Fees on: September 03, 2020, 09:11:19 AM
I'm still yet to fathom what could be the reason for the crazy hike in transaction fees in the ethereum blockchain. I'm sceptical if it could be an intensional move by the miners or due to the congestion of the network. As it stands there's great need for scalability. I really hope that something would be done quickly, because people are getting discouraged.
I also think so, because the gas costs are so high everyone cannot make transactions via the ERC20 platform, so until now very many people are disappointed with Ethereum, because the increase in gas costs is happening slowly this year.
It can mainly be due to these DeFi projects that are sending transactions on the network which is causing the clogging of network and hence we are paying higher fees for each transaction and many a times if we have to sell our tokens this fees may even reach up to $10 too. I find using LTC good for sending the transactions as fees is pretty low and also the transactions gets confirmed pretty fast on it. So whenever I have to sell my coins now I send them in LTC and then sell them and transfer the USDT, it is pretty easy and cheap as compared to directly sending in ETH, but if the amount I am sending is big then I always do it in ETH as then the fees comes out to be less than converting and sending the coins.
62  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Image Is Getting Stronger by the Minute on: September 02, 2020, 11:37:13 AM
and what will happen after bitcoin stops mining? what will happen to its price?
Then also its price would increase as the demand would then also be continuously increasing but the supply would become constant and with more people forgetting their private keys or their seeds, supply will even decrease in the future. So there would always be a positive impact on the bitcoin price as the mining goes on and on...
I am curious to see how the miners would thrive when the reward becomes obsolete and also the transactions would become cheaper on the bitcoin network.
63  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the crypto community getting lost again? on: September 02, 2020, 06:51:49 AM
For example, we have two tokens namely Sushiswap and Kimchifinance.
After the so called y series, now the trend is based on food? It's getting insane. These kimchi and sushi sounds good but nah most probably they were poison Roll Eyes (I hope you get what I mean lol).
Be safe. Don't go all in. I believe there are far more safer cryptocurrencies to play with other than these new projects popping up like mushrooms
Absolutely yes! I feel sad because it seems that more investors FOMO. They're hasty and aggressive once they've heard a new "promising" project. Tsk! That's why I'm not surprised if there are still many getting scammed.
Even I have seen a lot of people on the twitter and in many facebook groups claiming they made a fortune by investing in shitty DeFi projects and are also encouraging other users who aren't even speculators to invest in the little known DeFi projects and a lot of people are also falling in this bubble but they shouldn't do this in the first place as this is risky as hell and many people have already lost a fortune in the DeFi scam projects. Even trading seems better task than investing in these DeFi projects.
64  Alternate cryptocurrencies / Altcoin Discussion / Re: what is the Future for uniswap Exchange? on: August 30, 2020, 10:39:11 AM
uniswap needs to be upgraded and has a better wallet app than metamask. The current fees of the transactions are high, and they are not the solution for decentralized exchanges to exist. Other exchanges have done a better job of uniswap like pre-order, lower costs, and better interfaces. Uniswap needs to work towards those goals.
Also they need to address the issues with high volume transactions, on my system the exchange works fine for exchanging 1 or 2 ETH value in tokens or any cryptocurrency, but when I try to exchange the same token but in a higher volume say 10 ETH then the exchange don't show correct data and always shows that I will receive less coins. Also they should make the homepage more decent looking as right now it seems pretty dull and childish to me whereas the exchange handling this much volume and amount of tokens should be having a good homepage.
65  Bitcoin / Bitcoin Discussion / Re: What has bitcoin done for you? on: August 30, 2020, 09:33:49 AM
Apart from give me sleepless nights, stress and anxiety, a little bit of accumulated wealth, and some trading skills!

It will give you a lot of sleeplessness night if you are involved to trading and huge investment, of course accumulation of wealth will follow if you are done it properly, in my case I do have sleepless night watching the price, but it give me wealth and satisfaction knowing I am part of something huge that will benefit humanity.
If you have done your homework right then the chances of sleeplessness night are very low and you can have a beautiful sleep, but if there is any error in calculations then not only your nights would be in sleeplessness but you might loose big sums of money in the process. I always tend to close my positions before going to sleep as a sound sleep relaxes your mind for the day ahead. Bitcoin have taught me many things like, before coming to bitcoin community I used to think that value only lies in the thing that is of physical nature which you can touch and appreciate and not in the digital things which can easily be replicated but bitcoin made me change my mind and I accepted that a better monetary system can be made which is decentralized and will also grow with the adaption by the general public.
66  Bitcoin / Bitcoin Discussion / Re: I have shared about bitcoin on my class on: August 30, 2020, 08:36:02 AM
I'm having an MBA degree on Marketing. Due to COVID19, we are having classes online. However, we had a term paper submission and presentation on "Deceptive Advertising". I have selected the freebitco advertisement and had presented their Bait and Switch method to attract newbies to have click on their site.
The advertisement is- "Win $200 bitcoin per hour" which I think totally a deceptive advertising. Through this, I was able to give a little hints about bitcoin among my fellow mates and my teacher. I felt lucky when teacher asked me what bitcoin is actually after my presentation, I gave a short answer to them.
This was really great achievement of me, it may not be to you. I feel lucky if I get a chance to talk about bitcoin among my country men.
My sister just got admission in MBA and she was having bitcoin as a hobby written in her Resume and was asked a lot of times about bitcoin and what you do with it and more things about bitcoin by her interviewers and they were impressed by her performance and answers that they asked, i guess bitcoin is gaining a lot of interest in the business and finance world where the experts are also becoming more aware about the blockchain and bitcoin in general, but the government as usual is trying to keep bitcoin on the dark side whereas adapting to blockchain technology in many industries.
67  Alternate cryptocurrencies / Altcoin Discussion / Re: How can I restart a dead altcoin and continue the development?? on: August 30, 2020, 06:37:00 AM
You want to keep the development going for an already dead or soon to be? Don't, just don't. There are plenty of reasons why coin dead and if you are an outsider, you won't know so don't try to invest your time, money into a dead coin. It is a fool's errand.

Many a times there are good altcoins that are dead without any valid reason, the project was good, the developers were also good, maybe the reason can be the lack of funds for continuing the project or lack of community support or it can be that the coin wasn't listed on any exchange and hence died. If the coin was genuinely good then a good investor can really make the coin do wonders if the reason for abandoning was lack of funds for the developers, I guess the source codes available on the github or maybe on the forum announcement can do the work for acquiring the necessary files for restarting the project.
68  Alternate cryptocurrencies / Altcoin Discussion / Re: Missing the current DEFI pump on: August 30, 2020, 05:52:12 AM
it is obvious that over 80% of all authentic defi projects are in profits and any investors that have invested in this sector is already in profit. it is obvious that it is also behind the current bull market. a proper observation in the market shows that the crypto trading aspect has been divided. between bitcoin, normal altcoins and defi token which are altcoins too. i think the defi era has come to stay and will dominate for along period just like how traditional banking has evolved and change how money is been utilized.
I see the Defi sector as the Savior and promoter of crypto which will lead to the massive adoption which we all yearn for.  

indeed, and defi project bring more demands in crypto world now,
but if you want to invest in defi type project i suggest you to do your own research rather than follow the hype my friend
What you said is right but if we time our investments right then we can make a lot of money utilizing the hype and it will not be a high risk investment at all also. But right now investing in DeFi tokens is risky as most of the tokens are already pumped and those which aren't pumping and are old tokens are not going to pump in the future too as they are not community supported projects and most probably would be a scam to begin with. The DeFi hype is bigger than the ICO hype and is also involving a lot more money than the ICO hype.
69  Alternate cryptocurrencies / Altcoin Discussion / Re: Fastest cryptocurrency blockchain to make a token on: August 29, 2020, 03:03:02 PM
Hello,

I need to do an own token or altcoin but can’t consider on which blockchain to base it? I need FASTEST one... so that transactions were confirmed in a few secs. So it shouldn’t be an Ethereum blockchain but something else.

Please let me know which blockchain to use for creating token/altcoin over it.

Thanks.
There are lots of blockchains out there that can be used as a base for your token, but I think the best and easiest way of making them is ETH. You may be able to make it on another blockchain, but the enthusiasts are not as much as you are making it on the ETH platform. ETH also has fast transaction speeds, it's just that currently there are many transactions that make GAS prices expensive, so transactions with low GAS are difficult to confirm.
As you said that the gas prices are now expensive on the ethereum network then why would one should make his token on ethereum network in turn he can have the token on other networks like EOS, Tron or polkadot, these networks are currently very lucrative and only a few tokens based on these blockchains are in the market right now.
Ethereum is the network of choice for those who doesn't care about the network fees and are ready to pay higher fees and aren't flexible enough to shift to a different blockchain for their tokens.
70  Alternate cryptocurrencies / Altcoin Discussion / Re: usdt tether market cap grows from 4,6 billions to 10,800 billions from March on: August 29, 2020, 12:57:16 PM
usdt tether market cap grows from 4,6 billions to 10,800 billions from March 2020

For last week - when btc jumped from 9 000 to 11 000 - tether issued 800 millions usdt

Do you think tether really has fiat for backing this usdt?  Wink
Thats Why USDT beats Ripple in rank number 3 position for couple of times because of this Big Capitalization in which brings The currency to permanently
took the rank 4.
But i am not into Stable coin and i don't know why,i felt like i have nothing to expect in this type of Currency when i can just Buy none stable coin and make money in sooner time?



August, 29

usdt

Total Assets   $13,458,090,864.97

From July, 29 - was issued about  $2,700,000,000  Wink


But that was not CMC says?

https://coinmarketcap.com/currencies/tether/

But maybe sooner we don't know since USDT is gaining support from Businesses these days.
Since USDT or tether isn't officially backed by the same amount of USD as they are printing USDT, so businesses are loving their approach and want to learn how they are keeping the market stable and yet printing so many tethers, this is complete centralization of money that Tether is doing and maybe we would need an alternative for this problem as the day isn't very far away when we can get exit scammed by the tether foundation or maybe censorship might get imposed on us, we should promote the use of alternatives of tether so as to make the playing fields equal.
71  Alternate cryptocurrencies / Altcoin Discussion / Re: Will 2021 be the year of Litecoin? on: August 29, 2020, 11:59:45 AM
LTC is a strong project, but it can not bring as much profit as new projects. now all the attention of investors is directed to DEFI projects and LTC is no longer interesting as an investment

Its really hard to tell if lightcoin will be the project of the year of 2020 or not, I guess it won't attract much of the investors money as it is too old and also not having many good ideas from the team to develop the project further, also there are very less people who talks about litecoin now as compared to the new tokens than litecoin like ethereum and even ripple is having more fan following than litecoin, so there are pretty less chances of litecoin going again to the moon, but if anyone still thinks that litecoin is still having the juice for another great pump then he should go in it and invest his money.
72  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: August 27, 2020, 02:41:01 PM
Only coin worth hodling is BTC, evrything else is there for making money by dumping in the right moment.
This is not the case always, there are many coins that are pretty old and are even surviving today and also making good returns for the investors who are investing in those coins. Only a few coins are like these coins that can survive for more than 2 or three years, rest are there for pumping and dumping and are short lived just like these DeFi coins that are making people rich right now but it will not be the same always as DeFi is just a trend right now and in a month or two it will be over and then a new trend would start and take its place.
73  Alternate cryptocurrencies / Altcoin Discussion / Re: No exchange? No Value! on: August 27, 2020, 01:23:58 PM
I am sorry for what happened to you mate, the situation now you have non valueable coin on your pocket because it is not listed anywhere yet, it is really terrible situation.
If BAT is an ERC20 token maybe you can sell it at forkdelta, but usually the price was not good anymore, its up to you to decide to hold it or sell it and exit even you loose your money.
When a token looses all of its value then the only option is to accept your losses and move on, there isn't any point in chasing back those bull runs that you want to achieve with that token as it may never happen in the future or worse the token getting delisted from every exchange. I have seen a lot of people who doesn't want to accept the losses and try to chase the losses and in the process they end up loosing all the money that they invested in that token, from which they could easily have taken out their 10 to 20 percent of the initial investment.
74  Alternate cryptocurrencies / Altcoin Discussion / Re: looking to the future of crypto on: August 27, 2020, 12:36:59 PM
Now DeFi projects are in the center of attention of many investors after experiencing the hype. But not all DeFi projects
are successful and deliver profit to investors, in the end we still have to be able to analyze every coin we will buy. It is
true that currently DeFi projects could be crypto for the future, but top cryptocurrencies are safer for investment, such as
Bitcoin, Ethereum, Ripple and Litecoin.

During this time period is a very good opportunity for you to choose to invest in Defi projects but should also consider carefully when deciding because there will certainly be risks when you choose to invest. I also know Defi projects are very similar to ICO projects but in general Defi is gaining more investor confidence. However, the trend of investing in Defi projects will end soon by the end of this year and another trend will begin.
DeFi projects are having more investor confidence as compared to the ICO investors as the DeFi investors already know that the project will get listed on an exchange no matter what the situation, in the times of ICO investors there wasn't these smart contract exchange services like Uniswap were used. Moreover, every DeFi project is making these investors a lot of money without any possibility of them loosing their money and without trusting anyone with their money as the coins come straight into the investor wallet, the problem here is just that the developers can exit scam the investors just like every project out there.
75  Alternate cryptocurrencies / Altcoin Discussion / Re: Can new crypto beat Eth in the market? on: August 26, 2020, 03:03:56 PM
Ethereum coin is the queen of crypto.This coin price very good for now.
Crypto market economy good position.Day by day this position so good.
Ethereum crypto market beat always second.Last 3-4 years this is second position.I hope futue crypto market this coin position same.
People accepted this coin.Day by day this coin devolved so good.
There isn't any doubt that Ethereum is the Queen of cryptocurrencies as Bitcoin being the king for sure, a few years ago before the ICO trend came to Ethereum, it wasn't that popular coin and was not the queen as it is now, at that time LTC or litecoin was holding that title from a very long time. Ethereum is still the best crypto to use for day to day works and even as a store of value because of the stability that it provides, but new cryptocurrency coming and beating ethereum doesn't seem possible for now as almost 50% of the industry runs on the Ethereum blockchain either in the form of smart contracts or in the form of ERC-20 tokens.
76  Alternate cryptocurrencies / Altcoin Discussion / Re: Non DeFi projects starts going DeFi on: August 25, 2020, 03:04:22 PM
Indeed many projects using defi to draw a lot of people , and many a layman who went looking for profit with project relating to defi without seeing details of the project , as his this is going to be the crazy defi
Yes, everyone is trying to get their hands on the DeFi hype and make some money in the process, many developers of those dead coins are reviving their coins and hoping they can again make some money by making their coin DeFi compatible as a lot of projects had huge success with the same plan in the recent months. This is all because of people who are buying their coins and are making a way for others to do the same because when a single idea makes money for a scammer then he tells his friends and they also try to do the same and in this case the same is happening.
77  Economy / Economics / Re: The number of jobless people has crossed one million in US - worrying sign? on: August 25, 2020, 08:04:23 AM
Almost every country in the world suffers from the same problem that is unemployment and economic collapse. Many have lost their jobs due to the destructive effect of corona virus to us. The government is trying to do their best for their constituents, but maybe it's just too hard to fight this pandemic. Now that the anti-covid vaccine is about to launch, I hope it will go well and to restore the normal movement of the people in different countries.
The American government and the people always try to blame the immigrants for the job shortage and with Trump administration it have become difficult to get a job visa, if again there would be a Trump administration then I think the immigrant taking the jobs of US citizen would become very less. Also due to the lockdown many businesses were forced to get closed as they weren't to sell anything at all and this have made many families to loose their only source of income and hence rise in jobless people, homeless people and also rise in poverty as well.
78  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto passive income - a bubble? on: August 24, 2020, 06:36:10 AM
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
For staking cryptocurrencies you also have to spend money too and then for staking your coins your wallet have to be online all the time throughout the day, if not then you won't earn anything. It is more efficient than just buying mining rigs and then also spending a lot on electricity and also cooling the rigs. If staking wouldn't have been a good alternative then the Ethereum network wouldn't have opted to go full Staking instead of a hybrid POW/POS protocol. The only danger in staking your coins is that if the VPS provider access your wallet or any hacker cracks your VPS password then all your investment will be lost this won't happen with mining rigs, other than this there isn't any disadvantage in staking cryptocurrencies.
79  Bitcoin / Bitcoin Discussion / Re: Do scams harm Bitcoin's reputation in the mainstream world? on: August 24, 2020, 05:33:04 AM
for people who are new to crypto scams on behalf of crypto are a nightmare for them, and they will not continue to crypto. but for old players they already know and understand that it is a fraud, so they can be more vigilant. the need for education for people who are new to crypto so that they are not easily afraid of the issue of bitcoin's bad reputation due to fraud in cryptocurrency
Many newbies are first looking and understanding what is cryptocurrency and also are good in doing research so, most probably they would have seen many videos on YouTube and would have read many articles before entering the market, but still there is more sensitization to be done before they are ready and in that process many falls prey to scams and HYIP or maybe MLM plans that are bound to fail, but they aren't able to understand these because they are new to crypto and are still understanding, but if the person is dedicated enough then I don't think that he will ever stop pursuing crypto even if he looses some money first in scams, I also lost money in ponzi schemes when I was new to crypto and still I am here after all these years.
80  Bitcoin / Bitcoin Discussion / Re: Bitcoin and crypto currencies are getting dangerous on: August 24, 2020, 04:51:51 AM
KYC shouldn't be seen as something dangerous because the freedom won't be here for so long, the government will definitely find their ways into implementing the "must use of KYC for both decentralization and centralization". The issue should be: watch out the types of centralize platforms that request your personal information, if they're not trustworthy then don't border about them as your information won't be secure with them.

The traditional Banks always demand personal information from it users, so will Bitcoin and other cryptocurrency platforms when the government fully implement regulations of cryptosystem.
Traditional banks aren't the same as bitcoin exchanges, bitcoin exchanges are just like the online websites but to use it you have to submit a proove your identity, This feels as if we are being supressed by the government for using bitcoins, as a lot of gift card websites are also dealing with money and they aren't requiring any identification documents for verifying our identities and still they have right to accept the money from us, but on the same side the bitcoin exchanges who are accepting only our bitcoins and in return giving us another cryptocurrency i.e. Tether any other stable coin and still requires us to do KYC.
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