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7021  Local / Altcoins (Monede Alternative) / Re: De pe ce platforma este indicat sa investesc in XRP? on: May 29, 2021, 05:30:40 PM
am vazut stirea - interesant si totusi nu prea. E PayPal - cine a lucrat cu ei stie cum functioneaza. Comisioane nesimtite la tranzactii, la retrageri si strictete destul de enervanta in actiunile si regulile lor. Ma bucur ca accepta retrageri, dar eu in general am fost mereu nemultumit de serviciile lor.

Nu neg ca sunt nesimtiti pana la cer. Dar eu vad un beneficiu enorm daca vor face acest pas.
Foarte multi nu au auzit de Coinbase, Bitstamp, Binance, Kraken si ceilalti. Ce sa mai zic de Bisq, LocalBitcoins, .. Li se par niste firme obsure care se ocupa cu "chestia aia pentru drogati si hackeri", adica Bitcoin.
Dar cumva tanjesc sa puna si ei mana pe un pic din borcanul cu miere. Si daca un serviciu financiar global si recunoscut nu numai ca vinde Bitcoin, ci ii si lasa sa retraga in pormoneul lor acele monezi, unii (eu sper ca multi) vor explora un ppic mai mult si vor ajunge sa inteleaga cu ce se mananca Bitcoin.
7022  Economy / Economics / Re: Debate: Please explain to me why... on: May 28, 2021, 12:22:35 PM
Well - yes Smiley

Thank you. Smiley

but regardless of its merits, the price of BTC is not part of those merits in the majority of cases. Or, well, I am still waiting to hear a valid explanation why it would make sense that it actually is Smiley

It's the way the markets/exchange are done. That's all.
I'm not convinced that you can get a better answer, I'll keep an eye though  Grin

There are quite a few "alt-coin" systems that actually are pretty good; maybe not in the eyes of BTC Believers

I am also "fond" of a few altcoins there and believe me, I've seen now and then (especially in my early beginning when I paid more attention to altcoins than Bitcoin) discussions for decoupling from Bitcoin. Nothing worthy has happened in that direction.

this greatly delays that Satoshi-denominated future you all wish would happen tomorrow.

There's a mistake here: Bitcoin "believers" and greedy "investors" (speculators) who can't wait to cash out are not the same thing.

What's worse - it gives time to Central Banks to get with the program and devise their own crypto-similar systems and THAT, my dear fellows, is something we definitely don't want.

Central banks are expected to compete with USDT, not with Bitcoin, actually.
7023  Economy / Economics / Re: Debate: Please explain to me why... on: May 28, 2021, 11:57:39 AM
What I do not understand is how anyone can expect the crypto space to be taken seriously if all alt-coins are basically BTC shadows.

You seem to be overlooking exactly what I meant as answer. I'll try to broaden that.

They are not shadows, but most of their price fluctuation makes sense only if you look at it in price vs Bitcoin.
There are far too few coins that can be bought directly for fiat.
Most of the altcoins and tokens can be traded against Bitcoin and many day traders do this, making the coins look like depending on Bitcoin.
Most Bitcoiners also don't take altcoins serious. But it's altcoins' community who has to do something about it if they think they can do it, for example make their own exchanges where Bitcoin is not accepted and only their coins vs fiat will work. Then they'll break the chain and either go out of the shadow, either (more likely) disappear.

Is this a better answer?
7024  Economy / Economics / Re: Debate: Please explain to me why... on: May 28, 2021, 11:27:26 AM
First of all, the rule has it's exceptions on every price fluctuation. It has happened that Bitcoin has fallen and certain altcoin was (still) rising.
But I think that Bitcoin price is a great indicator of the money flow in the crypto markets, especially as most altcoins can still be bought mainly only if you buy another coin first (which is usually Bitcoin).

So if investors decide to get out, they'll get out of altcoins and bitcoin too, hence the whole market will feel that.
And since the value of altcoin's in circulation is much smaller, they feel much heavier such a negative move.

If investors come in, it's a little different. Most will invest only in Bitcoin for being most known and for being advertised as less risky than altcoins.
Altcoins will receive funds later and in smaller amounts, but when that happens, again, since their value is not as big, they may get very nice growth.

And I'll come back to the fact most altcoins are bought by buying Bitcoin first. This imho makes imho unnatural to reference the altcoin price in USD and it should be in Bitcoin. Then you'd see the real fluctuations and may give you something close to an answer.
7025  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin may hit a trillion dollar if.. on: May 28, 2021, 11:14:34 AM
That's a really epic proportion and to be honest I don't believe that bitcoin will get to that point, not even billions.

We don't know what future holds. Keep in mind that Bitcoin was traded at under 1$ in 2010. Would you believe it reached almost 65k in 2021? Since we talk about a really long period of time, anything can happen.

Another reason that I can think of is that we just love shiny things as a species so that might explains our fascination with gold.

There are birds that do the same. We should be smarter than that.

And business will want that to happen forever because if gold is abundant, how can they make money. Nice Big Bang Theory video. Here's the conspiracy that I was talking about regarding diamonds.
https://youtu.be/V5rQlXibKgg

Both gold and diamonds are undoubtedly necessary in industry. But their use in jewelry or as store of value are artificial.
About the diamonds, the beauty is that carbon is abundant and all you need is big enough pressure, which was also replicated by humans; afaik the industry uses lately mostly man-made diamonds for being cheaper. So, yeah, I don't know why people pay so much for them.
7026  Local / Română (Romanian) / Re: Partidul Unit al Libertăţii Absolute on: May 28, 2021, 09:33:18 AM
E suficient sa te uiti la numele membrilor din echipa si realizezi ca sunt romani in cea mai mare proportie.

Mda, nu scrollasem pana acolo. Nu sunt convins ca exista o echipa reala si atat de mare in spatele "chestiei" aleia.
In Git a lucrat o singura persoana. Cred ca "echipa" si "anuntul de angajare" sunt acolo doar pentru a da o iluzie de proiect serios.


Macar de-l invitau si pe Creanga in echipa, daca tot a venit el cu ideea..

Mi se pare mai onest proiectul lui IonCreanga. Nu vad nicio pierdere ca nu l-au invitat. Si, daca nu era clar, numele contractului de ERC20 cam zice ce i-ar fi oferit...
7027  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin may hit a trillion dollar if.. on: May 28, 2021, 08:55:39 AM
I find it hard to fathom for bitcoin to reach those numbers.

I was talking about 1 BTC. And yes, the number is huge, but I don't discuss about tomorrow or the near future. And by then people (not us, since we'll be dust) will probably discuss in Satoshi or such.

Gold isn't scarce, we are on the verge of making asteroid mining a possibility but we have to wait for it to happen and a total operation might not even happen in our lifetime. There's no need for Elon to prove that gold is scarce, there is an infinite amount in the universe and people that have their interest leaning on gold is going to do whatever it takes to make the illusion that gold is scarce just like what they did with diamonds.

You are basically correct. Maybe not infinite, but in overly huge amounts nevertheless. Still, some people want to show them into their face and Elon may be appropriate for doing that.
And about the diamonds, well, this should fit in: https://www.youtube.com/watch?v=n8-13PYmt4s
7028  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin may hit a trillion dollar if.. on: May 28, 2021, 06:50:05 AM
1. It would be wonderful if you could put different ideas on different lines so you improve readability. Also for 3 lines of text such a big "title" is unnecessary. Keeping normal size would do.

2. Anybody can use Bitcoin as "reserve" and sell IOUs based on that. Actually PayPal and Revolut are doing it (although PayPal will evolve and allow withdrawals). The trick is that if "anybody" is not a well-known entity, doing this can be tricky = they have to convince others buy the IOUs, no matter how they call them and by what rules they create them.

3. Keep in mind that Bitcoin may reach even trillion dollar at some later point. Adoption is in progress and it can only grow. Rushing it may not be the best approach. And .. well, supposedly price is not everything.

4. If Elon proves that gold is not as scarce as bankers think, Bitcoin could actually benefit.
7029  Local / Română (Romanian) / Re: Partidul Unit al Libertăţii Absolute on: May 28, 2021, 06:38:17 AM
Se pare ca ai concurenta la P.U.L.A, a aparut un nou token - https://pula.network/


Edit: Vad ca fac si angajari.

Puteau sa se uite si aia in jur si sa nu faca concurenta la nume.
Puteau macar sa aleaga ceva de genul [$] Partidul Unit al T(z)aranilor Autentici, ca le servea intereselor de shitcoin "for Adult Industry" (deci asta insemna AI !!!?!!) si tare cred ca in spate sunt romani.
7030  Economy / Speculation / Re: Realistic market cap for bitcoin on: May 28, 2021, 06:30:46 AM
1) Does that mean that even if bitcoin was to completely replace gold as a store of value, the realistic market cap would only be $5 trillion at the current time?

Imho it's apples vs oranges. Bitcoin can be used as currency, investment and store of value and all this by the banks, institutions and also the average Joe. This means a much wider range of entities that are bale to easily own some bitcoin. Also I don't expect banks to completely replace gold unless some more huge sources for cheap gold are found, making it useless as store of value.
All in all, it's impossible to find out a "realistic" market cap for Bitcoin. Imho sky is the limit.

2) The above assumes that central banks would not hold any bitcoin. Is there any rationale for central banks holding bitcoin?

Central banks don't own only gold. Many countries' central banks also own foreign currencies like Euro or US Dollar. I expect that they'll also diversify into Bitcoin. Companies have already seen its potential. Do you really think that the banks won't see it?
7031  Other / Beginners & Help / Re: Is Bitcoin data in this site accurate or fake? on: May 27, 2021, 01:58:31 PM
Quote
Well, if you have a bank you keep adding coins into, isn't it in the same situation? I.e. a lot of inputs and no outputs?
Banks r similar to account-based cryptocurrencies in this point

Sorry, for some reason I've missed one crucial word.
So here we are: I meant piggy bank
7032  Other / Beginners & Help / Re: Is Bitcoin data in this site accurate or fake? on: May 27, 2021, 11:51:29 AM
Does anyone knows if this site statistics & data r true & accurate?
https://m.btc.com/
.
For example how can a single address holds all these "in" values without a single output???
https://m.btc.com/3279PyBGjZTnu1GNSXamReTj98kiYgZdtW

Yes. It's a blockchain explorer and the wallet data they display is usually accurate.
Even more, you can get that address 3279PyBGjZTnu1GNSXamReTj98kiYgZdtW and put it in any other block explorer (blockchair.com, mempool.space, chain.so, ... ) and they will all show the same.
Or, if you want, you can add the address (as watch only) in a wallet and you'll see the data again.

Simply, for Bitcoin, all the transactions and the content of any wallet is public information. Of course, it's much more difficult (or even impossible) to know who does the address(es) belong to.
(Edit: it looks like it's the wallet of a pool that was existing til March, called Lubian)

For example how can a single address holds all these "in" values without a single output???

Well, if you have a bank piggy bank you keep adding coins into, isn't it in the same situation? I.e. a lot of inputs and no outputs?

Edit: I was meant piggy bank, I don't know why I didn't actually typed it.
7033  Economy / Scam Accusations / Re: Freewallet.org - SCAMMERS CONFIRMED - Pending Litigation on: May 27, 2021, 10:45:19 AM
and the user from the linked thread finally managed to get his funds

I didn't know that. And the fact that there's an active flag with no opposition made me not research too deep.


Please, if possible, keep us updated if you get to receive your funds. Thank you.
7034  Economy / Speculation / Re: I like the chances of BTC breaking up from this. on: May 27, 2021, 07:38:07 AM
Channel looks pretty legit to me.

It does look good, although I'm surprised too: the latest news on PayPal (Paypal to allow cryptocurrency withdrawals) don't seem to be reflected (yet?) in the price.
7035  Local / Română (Romanian) / Re: Concurs Bitcoin Pizza Day! on: May 27, 2021, 07:27:57 AM
Bafta

Nu folosesc discord, dar am participat la alt concurs similar.
Si, ca sa arat cat de "norocos" sunt, desi aveam vreo 17.5% sanse de castig (20 premii, 114 concurenti), tot nu am castigat  Cheesy
Dar castigul pe terment lung il avem cu totii: un Bitcoin care poate fi folosit ca modalitate de plata.
7036  Economy / Exchanges / Re: Paypal to allow cryptocurrency withdrawals on: May 27, 2021, 07:24:01 AM
This is very huge news for everyone, this is very huge for the cryptocurrency community.
It seems Paypal are joining in the club, "If you can't beat them, join them".

PayPal already entered last year into this club, even if they were/are selling IOUs for now.
The news is indeed huge, since they'll start selling actual Bitcoin. I'm surprised though that the market didn't react to this news...
7037  Local / Altcoins (Monede Alternative) / Re: De pe ce platforma este indicat sa investesc in XRP? on: May 27, 2021, 07:15:12 AM
se tot zvoneste pe forum, insa ei nu stiu sa fi zis asa ceva. M-am uitat si pe pagina lor de FAQ (https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398) si nici acolo nu mentioneaza nimic.

Intr-adevar, pe pagina lor nu era nimic.
Dar in acest context a aparut ceva nou. Cred ca putem spune ca nu mai e doar zvon, si suna tare interesant: "PayPal Will Let Customers Withdraw Crypto, Exec Says"

Speaking Wednesday at CoinDesk’s Consensus 2021 conference, Jose Fernandez da Ponte told moderator Jeff John Roberts that a withdrawal function is in the works.
7038  Economy / Speculation / Re: How long until the "we're in a bear market" people admit they were wrong? on: May 27, 2021, 06:47:57 AM
Lots of people saying the bull market is over and we're in for a crypto winter. I think this is plainly obviously not true for numerous reasons.

How long until these people realize we're still in a bull market and market sentiment shifts from "oh no bear market" to "oh that was just a major correction"?
i don't know if we still can call this a major correction since it really makes the market full of blood within weeks and even until now there are some crypto currency that still can't recover..  For me it definitely turn into bearish because of some issues around the internet wherein even the bullish isn't done yet those fraud really influence most of the big hodler in the market in just a simple way. That's why bullish turn into a bearish real quick..

We already have a good example: people like @Ararbermas will not fully zoom out the price chart, hence won't see the big picture.

There are multiple types of people calling it bear market:
1. Most common should be those who bought at higher-than-current price. Those will call it bear market as long as they're not on solid profit (yeah, after a correction this may mean even more than just new ATH).
2. People who don't own bitcoin and want to look interested/interesting, although they don't know what they are talking about.
3. People that have interest in spreading "bear market" FUD.
4. Certain day traders who will preach "bear market" and "bull market" in contradiction to reality in an attempt to get their trading bots earn a couple of extra cents.
5. Pessimistic newbies that got scared by the FUD and the bigger-than-expected price movements.

Keep in mind also that the optimists will say that Bitcoin is on a bull market from the moment its price charts exist.  Wink
All in all, a certain (downside) change in the price, depending how big it is, how long it takes and who reads it, will be seen as correction by some and bear market by others. I've got used to that and you should too.
7039  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊🦊2 YEARS🦊🦊 (114 weeks) rented out] on: May 27, 2021, 06:33:11 AM
I am available for the experiment!
Weekly payment in advance.

I was going to post the same yesterday, but I've understood that LoyceV is actually preferred and in such cases there's not much we can do  Smiley

It's a pity

From that merit I'd think that he is somewhat relieved that he was not sold, even if the payment could look better.
But most probably such payment will come with extra "tasks" he may or may not want to do. I mean, did you think that this payment is only for the avatar??!?!
7040  Bitcoin / Press / Re: [2021-05-21] Goldman Sachs Reconsiders, Calls Bitcoin a Legitimate Asset Class on: May 26, 2021, 04:47:51 PM
Why did they suddenly change their stance?

Not at all. Just they don't want to look different from their competitors and probably eyeing the fees they can charge from other investors (and futures' gamblers) and, why not? maybe also eyeing a little towards investing themselves...
They most probably have a big board that takes the decisions and probably a few voters have indeed change their mind. But overall I don't think that anything special has change. Keep in mind that they're still part of the traditional banking system.
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