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641  Alternate cryptocurrencies / Altcoin Discussion / Re: Dangers awaits ( unofficial listings ) on: November 09, 2020, 04:18:39 PM
You might be wrong though. I have seen a situation where some project DeFi has unofficial listing and they aren't really scam.
DIA project conducted a bonding curve that lasted for 2 good weeks, in other for early bird ls to make quick profit, they decided to make unofficial listing on Uniswap and provided liquidity them self. Since there were price differences between Uniswap and Team bonding curve sell, they were buying tokens from the team and selling to UniSwap for quick profits.
There are also some projects where whale make unofficial listing on Uniswap with huge liquidity that are listed on centralized exchanges such as Binance, Houbi, Okex and others with the real smart contract since they can sell back to the exchange even if traders dump on Uniswap, they wouldn't really bother. Those are business minded people and ready for profit.
However, everyone need to be careful when dealing with decentralized exchanges.
642  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Selling LTC for XRP? on: November 09, 2020, 10:15:30 AM
Hi everybody,

XRP is currently very low (€ 0.20). I have some Litecoin coins. Bought at the beginning of January 2018, so considerably less. For the amount of those LTC coins you can now buy a lot of XRP. My question: do you expect XRP's rise to be higher than LTC's? I can easily see XRP for 0.20 go to € 1. So 5x. While this growth seems more difficult to me for LTC?

You seem to like Xrp so much with prediction of €1 per Xrp. I'm sorry say market doesn't go like that. Is that possible? With Xrp market cap at $11b, the 5x would make it 55b which is huge amount of inflow of Usdt and market dominance. In my opinion, it is possible only if banks finally adopt Ripple network.
Ltc is good altcoin, I have watch it moves and always corellated with Bitcoin. Once bitcoin and ethereum move, it also increases in price, so I think its a good choice and considering it's listing on PayPal platform, it's a huge adoption for litecoin community.

By the way, why don't you diversify your portfolio and make it 50:50, you never can tell when Xrp will boom since you bought in 2018.
643  Economy / Economics / Re: Bitcoin start Backing USA dollar on: November 08, 2020, 06:55:12 PM
The USA dollar need good backer.

The Bitcoin is perfect to backing Up USA dollar.
That Can Work like real fractional reserve.
I think 2021 year the dollar Will be backed by BTC

Are you making predictions based on 2020 performance or just a conspiracy theory?
US is country that's sensitive when making decisions and wouldn't want any external body to interfere to their internal income, GDP and thier basic interests. I don't think US will back dollar with BTC but who knows, you might be right, you can't trust the government as they always move in 3 dimension without public awareness.
Another reason why I think this is not possible is because top 10 wallet that own bitcoin aren't really own by them, they have been dormant for years. You really believe US would want to do something they a don't have 90% power over? If they can manage to control 50%, US will do anything to shill Bitcoin.
644  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Alts Market already bottomed out? on: November 08, 2020, 09:32:48 AM
Back to the supported altcoins.
That's all I can think of when BTC price is starting to be dumped again.
$500 down in just hours and I think some traders may have enough to take profits by now.

Although, to pinpoint the right altcoin into where they will go back is a difficult task.
Then, who knows if this is just another fluctuation and BTC might still grow in a week making the alts cheaper.  Wink
. Some Btc mined since years ago has been on the move yesterday, this made BTC to dump below $14.4k. This affects altcoins even the ones that hasn't really made any move when Bitcoin and ethereum made a significant move to the upside. I'm expecting more sales from old wallet
I can't hold alts with Btc at this points, it can affect altcoins either way except if altcoins dominance will increases, with that, we may have a new mini altcoin season.


645  Economy / Economics / Re: After elections end this year for all countries, we are all screwed on: November 07, 2020, 10:13:00 PM
It might not be as difficult as you thought. Though, each presidency with their unique way of ruling people and delivering campaigns promises. I just their would be changes but not certain about the amount of degree.
My concern is Btc pattern, I hope it doesn't repeat 2017 crash. It was all fine during October and November 2017 until December came in and then everything began to fall back. Election is over, no new cruise news Grin
Stay positive everyone, it can never be bad as 2020. We have seen enough.
646  Economy / Economics / Re: What is causing last few days' run-up? on: November 07, 2020, 04:20:50 PM
Paypal reason is the most likely one. Other probable reasons are the elections which could have caused some sort of impact.

PayPal is one of the reasons as you said but that's wasn't part of November pump. It was some days to the end of October PayPal roll out the news that they will be integrating BTC and other top popular coins on their platform, this made BTC to jump from 11k to 13k where it was consolidating for some days.

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This could be another reason for the continuation growth in price but I think the main reason was US election. The day of election, Btc and Eth rally by 16% and 18% simultaneously. Perhaps, investors and traders are buying into Biden policy, who knows he might like Bitcoin since some Bitcoin institutional investors contributed to his campaign fund.
647  Economy / Speculation / Re: All time high is just around the corner are you selling all on: November 07, 2020, 01:12:20 PM
At this point, I dnt hold Btc and Eth for now but to frank with you, I will love to sell some. This was the same mistake many did 2017 when Btc price rally to $20k.
we are getting rich, this was the same feeling they were having then and it's again, it's really amazing comeback for market but this is unpredictable at this euphoria point.
The steam might still be remaining to move Btc price above $20k or go below $14k. Isn't it better to sell some and see what happens to the rest? You neither loose anything if you take that bold step.
I wouldn't trade this sweet rally for any influencial advice, proceed with caution.
648  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should i Invest more??? on: November 06, 2020, 09:17:53 PM
I would like to congratulate you on your profit, I'm really happy for you buddy. My plan would have worked out with my bnb but pandemic ruin everything for me.
Coming back to your main topic, have you check out greed index today? Since 2017, it has never been this high since that time. I checked it and today was extreme greed which means you should take profit and watch the market for the next couple of days.



Btc price tick 16k and was rejected at that resistance, correction is imminent at this point. Definitely alts would be affected too. 20 Eth is a huge profit, you should consider taking profit even if it's half of it.
On a second thought, you may consider staking them ahead of Eth2.0.
649  Alternate cryptocurrencies / Altcoin Discussion / Re: What haven't most people not heard about that can help them make money? on: November 06, 2020, 03:45:20 PM
When I check coinmarketcap I always find it interesting that there is some crypto mooning. You can seen gainers and losers everyday. I think what seems like is happening that there are people in the know about some secret event or information that the public is not privy to. Perhaps if we did know than where those gains happen for some unknown altcoin, you would have bought it already. And you would also know before it getting dumped. how can I get in on this action?

Also another thing, isn't there some kind of bot, that will automatically buy from what ever is gaining and automatically sell as soon as price goes down? there has to be a way to do this that we are not aware of.

First and foremost, you should be aware of pump and dump groups, they dozens of them hiding behind Telegram groups and channels. They buy low cap tokens that are sometimes abandoned and them promise their members how they plan to pump a coin/token with a schedule time but little did they know that they will dump that token on them as soon as they announce everyone to buy the token.
This why we always see low market cap token with a 500% pump and some you can even sell them due low volume. Please, be cautious of what to invest in.

Sometimes, you buy a token at low price and when they increase in price to sell them also becomes difficult because of low volume and bot activities. I have some tokens on sell order but it seems this bot are programmed to jump my order. No one is buying them.  Cry
650  Economy / Economics / Re: Second lockdown in Europe can their economy survive this?. on: November 06, 2020, 09:58:41 AM
They will probably survive,

Since this is their second lockdown, they know at least what they need to do. Unlike in the first lockdown where everyone is really waiting for advise from the government on what everyone should do in times like this.

We humans have this ability to easily adapt to changes including difficulties that comes with it. The last time we had the first experience, it was unforseen situations that led everyone panic. Just like saying there is man made virus without cure that's capable of ending the world, it was that fear of contacting the virus made every country to locked down their state and borders to avoid outsiders and immigrants from bringing in the virus ( epidemic virus).
It's no longer new to us, with proper prevention and early cure, it can be cub from ones system and I believe from this  experience, government of countries will have budget for this kind of future problems.

Ps: There will be a limit to lab works especially when they comtain virus and harmful chemicals. Lebanon explosion came to my mind.
651  Economy / Economics / Re: Iran accepting cryptocurrencies to avoid US Dollar on: November 05, 2020, 09:52:16 PM
Don't hate the message but you may hate the messenger if necessary. Trump made mistake by making attack on Iranian high profile person, ally turn enemy and now they want to d9 anything to cut away from US economy. Cryptocurrency adoption is win for everyone but making an individual mistake for everyone is really bad. There are thousands of Iranian living in America in a symbiotic relationship.

China and US trade war has always been something of discussion but because of mutual benefit they both enjoy, they always come in good terms. This happens with OPEC too.
652  Alternate cryptocurrencies / Altcoin Discussion / Re: My suggestion for new projects team who want to promote their projects on: November 05, 2020, 02:35:02 PM
I suggest every new projects team should do this if they want to introduce bounty campaigns for their project, doing this will limit the risk for tokens losing huge value because bounty hunters sell their shares.

1. Find good bounty manager
I can't but agree, some manager aren't really experienced enough to handle some big task and very lazy to Update Bounty  participant spreadsheet. Frequent update of spreadsheet motivate participants as the campaign progress.

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2. Give up only few decent allocation
This is necessary to avoid dumpingbof price but the team has to be fair to promoters. You don't expect people to participate when you they give poor allocation.

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3. Go for strong exchanges with no fake volume
Only few exchanges don't partake in wash trading, if the token/coin is demanding, the volume will come naturally with out bot interference

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4. Accept limited participants in your bounty campaigns
This is only favourable for participants, you don't end up with a penny after the end of the campaign. I can imagine wasting my time on promoting a project for weeks and pay out just $10  Cry Cry Cry

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5. Introduce phase distributions
This is baseless is the allocation is small.
653  Economy / Economics / Re: Is COVID-19 an excuse for governments & central banks to print money? on: November 04, 2020, 09:35:49 PM
There were thousands of Jobs that were lost, impromptu lock down in different states across different countries. Hence, there is need to tap into the reserve. Lack of basic amenities and food lead government to print more money in order to save people from hunger.
In America, the first stimulus check of $1200 that was distributed to everyone help a lot, I didn't see anything bad in helping less previlage. My problem is injection of more money in circulation, in every action, there is consequences.
654  Economy / Economics / Re: Is Bitcoin the best reserve asset? on: November 04, 2020, 12:52:33 PM
The rate at which institutional investors stacked up BITCOIN is increasing yearly, it's has been a safe haven compare to traditional assets. At a time, they were against the use of Bitcoin because of volatility but we all seen how volatile Gold and others were during their recovery when Feds Reserve were massively printing dollar bills with zero interest rate without considering inflation.
There is this unique feature that is inherently in bitcoin, its ability to quickly recover no matter the crysis and media hunt for bitcoin, that's why this guys will continue and always see bitcoin as an option for the future.

If Gold price was bitcoin and crash just the way BTC did back in March this year, do you think it would have bounce back to $13k?
Well I can't tell since Fed is ready to inject another $3 trillion stimulus check to economy but that's absolutely nonsense and hyper inflation.
655  Economy / Economics / Re: Is it possible to live without banks? on: November 04, 2020, 08:59:39 AM
It seems to me that these are vain hopes that banks will one day disappear. Even if they do not exist physically and they do not have offices and real estate in which they are now, they will continue to exist virtually. In the form of portals or in the form of interactive decentralized services. I think it will be that way.

I was going through an article, benefit of blockchain and I saw an image that summarize the whole bitcoin and blockchain. I am bitcoin Maximalist but I still like banking system and I have my reasons. Banks aren't going anywhere soon buddy.


Most of the comments I have seen here are all against banks but do you all know that 90% of investors who invest their cash in to bitcoin comes through front door of banks?
Giant companies in crypto aren't left out with use of banks, the almighty and largest stable currency USDT used bank for record keeping of amount of minted currency that are sold to investors. We need bank as much as we need bitcoin, bitcoin is never designed to replace banking system.
I personally take profit when I have gains in any coins I invested in and book my profits in USDT but I hardly trust them due to improper audit of stable coins, I sold them back to fiat and transferred back to my bank account. I'm safe with them because regulations is in their favour for now.

Don't be surprised when you see Banking system and blockchain becomes a symbiotic relationship to win back the trust of people.
656  Alternate cryptocurrencies / Altcoin Discussion / Re: Safeguarding funds , your funds on exchanges are safe? on: November 03, 2020, 07:15:23 PM
Sometimes early this year, I was able to attend AMA with Kucoin exchange CEO Johnny Lyu . It was time for community members to ask him questions after introducing himself and some little questions by the admin, one of the member ask a question regarding their  security system and hacks attempts on the exchange, kucoin was one of the popular exchanges that hasn't been hacked at that time.
His reply was: the exchange is secure and they are very confident about that and don't play with security but apparently kucoin was later hacked in September as an insider Job.

NO matter what, it's always risky when you keep your funds on these exchanges especially when they don't have insurance to back the customers damage.
#peace
657  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Class - new BCH fork on: November 03, 2020, 09:51:26 AM
I read today that there is new fork for Bitcoin Cash, named Bitcoin Class (BCS).

will it has good future? or it will be as bad as Candy one ?

Your source thread was open and last updated since 2018,i don't think your information is correct regarding Bitcoin Cash Fork. According to Okex as update on October 28 2020, Bitcoin Cash will undergo a hard fork on Nov 15, two coin will be created Bitcoin Cash ABC (BCH ABC) and Bitcoin cash Node (BCHN).

Bitcoin fork has become a leadership interest and greed, first it was Bitcoin SV brouhaha that led to hashing power battle, over the past years since the beginning of that fork, I can't point any significant impact on adoption. Just a little hype that's always dead on arrival and free airdrop to those who wish to hold Bitcoin Cash.
This fork is not different from the previous ones, I will be watching it on 3 Dimensions  Grin Grin as they dump it in the market as soon as fork complete and trading began.

658  Alternate cryptocurrencies / Altcoin Discussion / Re: Plant more seeds (tokens from bounty programs) until they bear some fruits on: November 02, 2020, 10:22:29 PM
I was introduced into airdrop in 2018 and I could remember the first token I earned. It was about $32 worth of Revain Tokens after making few reviews on their decentralized platform. That was the first time I earned in $$, I was happy and proud of my self. As a student who isn't really financially buoyant enough to sort out bills, I have decided to dedicate little of my time to Bounty. One of the great projects I have work and paid was Tokoin, almost $3k at that time. It really changed my life.
This space has benefits many people across the globe and I am one the people. You don't really know which project that will pay, but do personal research and participate on the ones that worth your time, there should be a successful one that will pay.
659  Alternate cryptocurrencies / Altcoin Discussion / Re: Advantages of DeFi on: November 02, 2020, 02:59:09 PM
...............

The topic would have been interesting if you have discuss disadvantages for knowledge benefits.
I have some points I would disagree as explained above.
I believe most of the advantages you mentioned was the initial intention 0f DeFi but what I have observed and experience in the mainstream is different. Cryptocurrency on written on papers are exciting at the beginning but challenges encountered on launched want to make you have a rethink.

NO CENTRAL AUTHORITY: protocol are designed to be user friendly with no central authority, is that really true when you look at some project where only the team makes final decisions.
Yearn finance for example, the founder Andre Cronje's left the project due to internal problems and then investors began to loose interest.
What happen to the initial excitement that drove the price by 3600%?
Definitely, there was central authority.

SECURITY: This is not new to everyone, countless hacks and stolen funds due to bugs on smart contract

LOW COST: DeFi hasn't been friendly with low cost of transactions. When the price peaked, the fees were so huge that one need to pay more than what you are sending especially low key investors.
660  Economy / Economics / Re: Better Days ahead for the economy of developing countries in Africa on: November 02, 2020, 10:32:14 AM
It may be an individual accomplishment for Ngozi Okonjo-Iweala, but I don't think it will benefit the Africans in a big way. I am not just talking about the WTO. Africans as heads for global organizations have historically failed to bring positive changes to the continent. I would even say that non-African heads have done more to the continent, when compared to individuals of African origin.


You have just hit the nail on the head. A big achievement for her as a person but not as a country or for Africa entirely.
This might be a stepping stone for African countries to tap in the development outside their region but the way OP described is far from reality.
Africa is bless especially where she hail from(Ikonja Iweala), Delta state is one of the largest oil producers in Nigeria and the same society equipped her youths(militants) to vandalise same oil refinery pipeline in the name and interest of political ambition.
It's high time Africa embrace, restructured and fight corruption so other nations can take them serious.


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