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781  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: April 28, 2021, 10:20:33 PM
Old coins tend to be more stable so if you want to invest you have to decide what you prefer.

In worst scenario when the market starts going down old coins will usually drop less and give you more time to exit but at the same time they won't pump as much as some of the new IEO or defi projects and they're in general a bit more expensive.

Nobody is going to make the choice for you. I wouldn't go for new/old but rather focus on fundamentals.
782  Bitcoin / Bitcoin Discussion / Re: Elon Musk statement on his Bitcoin holding on: April 28, 2021, 09:49:53 PM
I like how he says tesla did something like he wasn't behind that move.

I fully understand that Tesla is a company managed by a group of people and financial investments have to go through a vote but Musk's opinion has a lot if not the most value there so it's not like Tesla did something, it was Musk who ordered it. The only difference between his personal sales and Tesla sales are that Tesla sale had to be cleared by the board before it happened but in both cases the idea to sell came from Musk.
783  Economy / Economics / Re: Bitcoin wasn’t created to make you rich. It was created to Enslave U & Track U on: April 28, 2021, 09:21:20 PM
Some people seem to think that everything is centered on the US and their agencies. I'd like to see how a US agency enslaves people in Asia or Africa.

Is some 3 letter agency from the US going to care if someone in far Russia pays with Bitcoin? They can't do anything about it!

I agree that Bitcoin isn't here to make us rich, but it's not some government tool either.
784  Economy / Speculation / Re: The total BTC balance on exchanges continuously decreasing since 2020 on: April 28, 2021, 09:00:23 PM
We are still far away from the bull run top. Hold some BTC for long term.

I feel the same, although we may have to wait for months until the second stage begins.

I've seen previous 2 bull runs compared and it seems that we are still very close to the median price. In the previous runs we were exploding far above into the overbought territory. This time we haven't seen the real FOMO craze. People are acting like more careful buyers this time.

Like in 2017 we went from 1000 to 3000 and then to 20000. 20x the ATH. The 3x ath we've seen this year is nothing compared to that.
785  Bitcoin / Bitcoin Discussion / Re: Portfolio allocation on: April 28, 2021, 07:41:07 PM
I always tell people to put as much as they can into BTC because all other coins depend on it.

There are coins that depend more like forks of bitcoin and ones that depend less like IEOs but in the end it all comes down to if bitcoin is in a bull or bear market. If it's in bear everything else is going to be, so why would you get 100 different coins with different protocols, wallets, dev teams when you can have one and more or less have the same profit?

You can set aside 5% for small caps. 80% of altcoins are likely to pump at least 2X on this bullrun so that's something you can consider. The risk is higher but your portfolio will not be affected too much if the gamble loses.

...You could increase you BTC at the cost of LTC.

70% BTC
30% LTC
30% ETH
This is 130%

He made so much profit that he lost count Cheesy
786  Bitcoin / Bitcoin Discussion / Re: Nexon Purchases $100 Million Worth of Bitcoin on: April 28, 2021, 07:19:08 PM
Good choice by them.

I used to play their game Vindictus back in the day but it turned out to have way too many micro transactions for my taste.

I feel like more companies will do it just for the publicity. Makes me wonder how many are doing it to support bitcoin vs make a quick trade and invest profits in some new idea.

787  Bitcoin / Bitcoin Discussion / Re: Who Killed Bitcoin?? Greed? Government? Fraud? Idiocy? on: April 28, 2021, 05:38:20 PM
if you must know the cause of the BITCOIN failure,

What? Bitcoin is up 5x since last year!

Are you trying to tell us that this great thing that is making us filthy rich every 3 years is a failure? Good joke man!

I also like when people say fraud and money laundering all the time.

Listen up. Every teenager has done some money laundering in his time. You are supposed to tell the government about every money that you earn. If you get a summer job and don't report it it's a tax fraud. Who really reports that they earned some money mowing lawns or selling lemonade? Cheesy
788  Alternate cryptocurrencies / Altcoin Discussion / Re: Give reasons why ETH is better than BSC on: April 28, 2021, 04:35:06 PM
Even if BSC was decentralized and not connected to an exchange that could take it down to the bottom if it ever has problems with the law, or governments, or hacking, or gets bought by another company, merged, you name it, it wouldn't be more popular than ETH that has a number of projects already based on it and a large user base.
I have mixed feelings about this notion, can the government do this?

I know the exchange is kind of regulated but their blockchain isn't subjected to these regulations ?

And if the company where to change hands why would they shut down a profitable working product to create something completely new,FYI it takes several years for a coin to build reputation and value.

Their blockchain is not regulated but as a centralized entity controlled by the company, it's going to reflect the state of its creator. If the company gets sued or becomes investigated by agencies its stock will go down and so will the value of their coin.

Investigating or suing Vitalik won't change how ETH works. This is the main weak point of centralized currencies.



ETH is well known, it doesn't have to fight for a place in the top 5, it owns it.
I hate to break it to you, but ethereum isn't invisible and if I remember well there was a time bitcoin cash was second for some time when bitcoin got forked but don't know what happened it failed to hold second best coin maybe because of lack of a consensus...

BCH profited on confusion when Roger Ver launched a media campaign to prove Bitcoin is going to die because of high fees and named BCH the new BTC. It did not last very long.
If you pay a couple million dollars to smear someone in the media you'll probably manage to succeed at least as long as you keep paying. When you run out of money the truth will start to come out on its own.
789  Bitcoin / Bitcoin Discussion / Re: Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin on: April 28, 2021, 04:20:09 PM
My thoughts on this is that it will probably bump up the prices although it wouldn't be a lot compared to the 1.5 billion of Tesla, I hope that more companies follow what Nexon did, maybe we will see Sony, Nintendo and other game companies buy bitcoin.

It hasn't because they bought for more than BTC is worth now. This means that the amount was so small that it did not change anything for the market. More scared investors sold, especially people who had leveraged positions.

Long term we are still in a bull market and should go towards 100 thousand later this year but we're facing the highest number of sellers since the beginning of 2020.
790  Economy / Economics / Re: Are institutional investors capable of selling their bitcoins? on: April 27, 2021, 08:19:18 PM
If Tesla could sell then anybody can. You really shouldn't worry about it.

The fact that they're interested in buying makes Bitcoin popular and strengthens its market position. If they later sell it will cause normal waves of volatility that would be there anyway.
It's the aftertaste that matters. People saw them buy and saw them profit > they saw information in the news> they will think they can profit too. Institutions that made money once will come back to buy again.

Don't worry about short-term volatility, focus on years to come.
791  Economy / Economics / Re: Tesla still an unprofitable automaker on: April 27, 2021, 08:01:13 PM
But that's not the concern of the people holding stock, they don't care about the math, they care about the price, and there is currently nothing stopping it, at least for a few years when the other manufacturers that have finally figured out they simply need to use the same car body but an electric engine, not some scoobydoo van (see urbanetic) to get some clients. I3? Common, who's the genius behind that design?

And renault twizy with no windows so that you can get wet when it rains Cheesy

For some time I thought who the hell is designing BMW these days. Most of their ideas are shit.
I3 with its stupid doors that have to be closed in the right order or they'll jam.
I8 that's unreliable, overpriced and plays engine sounds from speakers for whatever reason
The grills of new models getting bigger and bigger and now they look like a pig's nose...

Tesla is like Apple for cars. It has fanboys that are going to keep paying for overpriced shit and it's not going to disappear. Musk is set for years to come.
792  Economy / Economics / Re: Bangladesh Bank will not leave any digital currency in the market on: April 27, 2021, 07:48:15 PM
Using crypto a crime? How are they going to prove it?

Say I get paid by someone in crypto to write an article or translate something. How is the government going to know about it and how is it going to prove anything to me in court?

They can say all they want to scare people but they don't have the means to check who owns what crypto and what people do with their coins.
793  Alternate cryptocurrencies / Altcoin Discussion / Re: Give reasons why ETH is better than BSC on: April 27, 2021, 06:54:26 PM
Even if BSC was decentralized and not connected to an exchange that could take it down to the bottom if it ever has problems with the law, or governments, or hacking, or gets bought by another company, merged, you name it, it wouldn't be more popular than ETH that has a number of projects already based on it and a large user base.

ETH is well known, it doesn't have to fight for a place in the top 5, it owns it.

794  Bitcoin / Bitcoin Discussion / Re: Learn to laugh even if Bitcoin is crashing on: April 27, 2021, 06:09:04 PM
Bitcoin is not a game for the weak-minded. Here those who have confidence and knowledge win.

When I see Peter and his tweets it makes me think if he's ever going to admit to being wrong. He wants Anthony to tweet milestones on the way down from 50 thousand, but now we're close to 60 again so maybe it's time for Peter to start counting instead. He's such a jerk.
795  Bitcoin / Bitcoin Discussion / Re: Major arguments against Bitcoin born out of ignorance on: April 27, 2021, 05:53:43 PM
-BTC is not anonymous: Due to KYC, this is a real problem in my opinion. This issue will be resolved by the introduction of the Schnorr signature.

You don't need scnorr to be anonymous.

To people who say it isn't anonymous I say this: I can send you a few satoshi or show you one of my last transactions. Please dox me based on this info, I dare you.
If it isn't anonymous it should be an easy job Wink
796  Economy / Economics / Re: First UK Bank Bans Businesses Accepting Bitcoin on: April 22, 2021, 09:27:42 PM
How will they ban it? i mean in what way? Will they like ban our account if we convert our bitcoin into our currency or something? Or maybe they don't want to make a deal with company that involve or adapting bitcoin? I don't really understand. But, it's understandable banks want to ban bitcoin, since bitcoin might be harmful for their future continuation. I know banks will still be needed and important, but still they might need to accept the technology development and deal with bitcoin, not banning it again and again.

That's pretty simple. It's said they won't do business with clients who accept crypto payments so if they find out you're running a crypto exchange or have an online store that accepts cryptocurrencies, they will tell you to move to move to another bank and will give you a deadline. There were some cases of banks doing similar things.

The reason for this is probably money laundering. They don't want to be audited by agencies that trace money or whatever.

Institutions that are too small to handle some heat will avoid it at all cost.
797  Bitcoin / Bitcoin Discussion / Re: Bitcoin creates bond and trust among its users on: April 22, 2021, 09:15:47 PM
Bitcoin makes you trust the other party but it also makes you vulnerable because that person can use various tricks to gain your trust knowing that once you pay there's going to be no turning back.

I'm a fair person and when someone pays me I feel obliged to fulfill my part of the agreement but many people are thieving bastards so do your research and play it safe.

It's interesting how bitcoin being this new high tech form of money goes back to the the principles of barter that people used to transact with long time ago.
798  Economy / Speculation / Re: A new ballgame, many new coming in and buying including institutional investors on: April 22, 2021, 08:56:21 PM
You guys are speculating here or trying to reassure each other? Cheesy

I'm not that Bullish to think we cannot fall below 50 thousand but 45000 is going to be a strong support and then 28000 if that falls.

One thing that I'm sure of is we are not going back below 20000 and that already satisfies me because I held bitcoin when we were at 1000 a year ago so I'm going to be very happy with stable 20000 just 1 year later.
799  Bitcoin / Bitcoin Discussion / Re: Bitcoin Transactions Fee Are More Expensive Than Ever on: April 22, 2021, 08:38:13 PM
I can hear all those cries of panic from people who don't know what's going on. Oh my god the fee is so high that I can't get my $50 out of the system! It must be a ponzi, right? Cheesy

Once more, bitcoin is built so that if someone wants to pay a lot for his transaction to pay first he's allowed to. If many people want to pay a lot and start to bid against each other they will make the fees skyrocket for a while but the only losers are going to be them. They will pay a lot because they don't want to wait a few hours and once they're done with their transactions the rest of us will be able to do it much cheaper.

Let them dump their coins and be done with it. Next month they'll buy it all back and pay exchange fees to do it.
800  Bitcoin / Bitcoin Discussion / Re: Is this normal to other people or just me ? on: April 22, 2021, 08:12:51 PM
I don't get why someone would even think of sending $1 in bitcoin. Use altcoins if you want to send such small amounts. Bitcoin is not made for sending a few dollars and the price is only going to get higher in future.

If you used a desktop wallet with an ability to adjust fees manually like Electrum, you wouldn't be paying so much.

You can safely pay $10 in fees and have the transaction confirm within an hour.
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