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8081  Local / Others (Pilipinas) / Re: pano kung ang pilipinas ay magka crypto but it has same value sa btc on: October 20, 2020, 03:47:11 AM
Weird topic. Sa title "same value sa btc" pero sa topic content "same value ng peso". Ano ba talaga?  Cheesy

Anyway, kung nakagawa ang Tether company ng USDT, then of course possible rin gawin to sa peso. The question is, kung gumawa man sila ng peso version ng USDT, bakit naman ito magccause na maging worthless and peso? Anong connect?

Lasing ata si OP nung ginawa tong topic.  Grin
8082  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs the US Stock Market: "The Breakup" on: October 20, 2020, 03:41:46 AM
I follow the markets often, and I thought about that yesterday. The problem is that it is a very short term oscillation. It could stay the same.
Of course it could, and I actually expect both assets to continue to be mostly correlated.

But bitcoin didn't always follow the market and it doesn't have to continue to do so in the future. In fact, I think it will be detached from the stock market at some point definitely in the future.
It's pretty safe to assume that most(if not all) of us are already making that assumption since forever, hence why most of us here are invested in bitcoin and not the S&P500.
8083  Bitcoin / Bitcoin Discussion / Bitcoin vs the US Stock Market: "The Breakup" on: October 20, 2020, 03:14:28 AM
Thread I made 3 weeks ago: Topic: [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)

After bitcoin pretty much just following the US stock market(S&P500) for months, both asset classes finally went their own way just hours ago; with bitcoin going up like 4-5% whereas the US stock market went down by approximately 1.4% at market open.

Once again, completely up to you how you're going to use this information. Juuust really interesting.

Bitcoin
SPY(US stock market)

8084  Local / Others (Pilipinas) / Re: Bitcoin Code Scam - Sinira naman nila yung imahe ni Bitcoin sa Pinas!!!! on: October 19, 2020, 10:26:31 AM
yung mga ganitong panloloko thru social media sites, dapat siguro gumawa ng action ang mga social media sites mismo.  kung ang fb ang mag take down ng mga ganung ads, maiiwasan na ang patuloy na panloloko.

Knowing na mostly automated ang fraud detection ng Facebook, mangyayari at mangyayari talaga ung may mga lumulusot na kalokohan. Mostly kailangan pa ng manual checking ng Facebook employees ung mga kalokohan na post bago mabura; and obviously it will take time knowing na sobrang laki ng Facebook. Just make sure to spend the few seconds to report.
8085  Other / Beginners & Help / Re: How and where invest 500€ on: October 19, 2020, 04:10:02 AM
If you're asking us where to invest your money, then you're probably not ready to invest.

I'm a firm believer in investing in what I personally know; and if I know that something is a good investment, though second opinions aren't bad, I wouldn't even need to ask people for opinions.

Go do some research on the stuff you're interested in investing in, and make your own conclusions. Might as well just not invest if you're not willing to put in the work.
8086  Other / Meta / Re: Upcoming Bitcointalk.org Anniversary. on: October 19, 2020, 03:02:55 AM
But I never objected to all that merit he sent out.  He certainly had accumulated a massive number of sMerits by that point, and I don't often see Theymos giving out a lot of merits. 

That was the 10 year celebration, and it was a nice landmark number and represented a decade of the forum being in existence.  I don't think we need yearly celebrations by any means.  Just my own little opinion, though.


Yea, same opinion. Giving chances to people isn't really that bad in terms of affecting the forum's content quality when done rarely, but doing it every year is probably going to have a bad effect. People would just be waiting for Bitcointalk's anniversaries if that was the case lol.
8087  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin has the properties of an employment opportunity on: October 19, 2020, 02:57:41 AM
It doesn't make any sense what you said. This is a forum and Bitcoin is a social experiment. Neither are
for-profit corporation.

Not that there's anything wrong with it(because I actually like Bitcointalk's business model), but I'm pretty sure Bitcointalk is a for-profit sort of "business".
8088  Alternate cryptocurrencies / Altcoin Discussion / Re: Friendly reminder that over 250k bitcoin have free claimed. on: October 18, 2020, 04:41:02 PM
Damn the HEX team got a hold of the hex.com domain? Richard Heart must've made a lot of money from the ICO huh? 🤮
8089  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin has the properties of an employment opportunity on: October 18, 2020, 04:37:00 PM
Sure, but you're specifically talking about Bitcointalk though, not Bitcoin. But to answer your question:

Moreover, you are to register, meet up with a given task at stipulated time, your delivery is accessed and paid as token. What else makes it different from an employment?
Assuming you're referring to bounties, chances are, you don't learn crap when collecting bounties. On a job on the other hand, you at least get better at a certain skill(whatever your job is). Unless you're specifically referring to signature campaigns, while sure you probably get better at writing and being updated with current events, but I don't think you should really look at it as "employment". Campaigns are highly likely to shut down unexpectedly with no warning whatsoever. It's better to look at signature campaigns as something temporary, like gigs.
8090  Other / Beginners & Help / Re: how do i earn merit, to be a member? on: October 18, 2020, 04:25:35 PM
You earn merit through your posts. If someone thinks that one of your posts deserve merit, they'll give you one. Think social media likes, but harder to get as your posts need to actually be helpful and constructive. This is something you can't just spam your way into.

Also, you need 10 merits and 60 activity for member rank: https://bitcointalk.org/index.php?topic=2818350.0
8091  Other / Beginners & Help / Re: A lesson, disadvantage of storing seed into the device. on: October 18, 2020, 05:36:48 AM
I may be too pessimistic, but I deeply doubt that even 50% of existing Bitcoins is adequately secured, by which I mean those on crypto exchanges, various online wallets, or those backed up on email, cloud or as plain text on a computer/mobile phone.

That's honestly not really much of a "pessimistic" view, simply just a realistic one. Honestly I'd even bump that number to probably 80%. It's really safe to assume that people leave their funds on the exchange giants like Coinbase and Binance simply due to the ease-of-use and convenience factor.
8092  Other / Meta / Re: Upcoming Bitcointalk.org Anniversary. on: October 18, 2020, 03:34:57 AM
Oh boy I remember that thread. It's that thread where a lot of people received their first big chunks of merits LOL.

Members that are waiting for that new merit opportunity be like:

8093  Alternate cryptocurrencies / Altcoin Discussion / Re: Trading with Stable Coin - Question on: October 18, 2020, 03:30:40 AM
Quite a confusing question. How would you make losses if you're just holding USD? As for making gains, of course you buy back into BTC when you anticipate that it goes up; regardless of price.

And just a heads up: the way you describe your trading "strategy" might sound too simple and easy to pull off in your head, but trust me when I say it's not that easy to time the markets.
8094  Alternate cryptocurrencies / Altcoin Discussion / Re: Better using DAI or USDT? on: October 18, 2020, 03:27:09 AM
USDT: more "stable" in price but obviously centralized, and the fact that they can freeze your funds.

DAI: a lot less "stable" in price, but a bit less centralized and it's non-custodial.

Personally, honestly probably just hold real USD lol. I'm not really comfortable in holding both stablecoins for long periods of time.
8095  Economy / Exchanges / Re: localbitcoins is still exisiting im surprised on: October 17, 2020, 01:56:41 PM
What you said is true when people believe they will be totally safe on P2P marketplaces. In fact, it is not correct all the time especially in nations where buying/ selling bitcoin or cryptocurrency are illegal.

In such nations, if you have trade with a payment method is bank transfer and the trade partner has bad flow of money (from money laundering, ie.) when the victims of those guys report issues to local police, and police steps in, you will get troubles. Police simply contact you and retrieve fiat money for the victims. Bitcoin trading is illegal so you don't have rights to ask for refund in BTC. You will lose your BTC and you will never want to get troubles with police.

On P2P marketplaces, choosing good trade partners is the most important skill.

You're right. But buying and selling bitcoin on P2P platforms in a country where bitcoin is illegal is very different with using P2P platforms for simply just wanting more privacy(in contrast to using the typical Coinbase-like exchange).
8096  Bitcoin / Bitcoin Discussion / Re: bitcoin investment stage on: October 17, 2020, 12:55:47 PM
so bitcoin had no ico so the ico is now ...lol:D  for its peak but for instutions the 10k is bargain price and ico so its ico for them

I totally get what you're trying to say. You just really chose a bad analogy(ICOs). You know how bad the reputation of ICOs are pretty much anywhere. Tongue

I get what OP was trying to say, I was just messing with him with my response lol. If I understand correctly, OP was pretty much just saying that it's still really really early and bitcoin still has the potential to increase a lot from the current price.

OP could've honestly used a far better analogy than ICOs though, like probably saying that bitcoin's current state is like the IPO stage of a huge stock like AAPL or AMZN.
8097  Bitcoin / Bitcoin Discussion / Re: bitcoin investment stage on: October 17, 2020, 12:51:00 PM
techically every coin is ico and every stock is ipo. as far i undestood its just some coin has more support and bigger community and utility can go bigger and go longer.

Bitcoin was in no way an ICO though. Bitcoin is proof-of-work[1] not like how tokens are(proof of stake), people were just free to mine bitcoin using their computers back then.


[1] https://en.bitcoin.it/wiki/Proof_of_work

Grin

Don't know why he made such comparison in ICO pricing stage? And 10k per coin is actually very expensive if you are talking about ICO price. Won't even think about such logic applied to btc as it has been introduced without collecting money from the community. But it is true that most alts that did have their ICO already crashed their value. And most of them were long dead after few months of trading.

I get what OP was trying to say, I was just messing with him with my response lol. If I understand correctly, OP was pretty much just saying that it's still really really early and bitcoin still has the potential to increase a lot from the current price.

OP could've honestly used a far better analogy than ICOs though, like probably saying that bitcoin's current state is like the IPO stage of a huge stock like AAPL or AMZN.
8098  Economy / Exchanges / Re: localbitcoins is still exisiting im surprised on: October 17, 2020, 12:28:58 PM
Some people prefer to buy/sell bitcoin through peer-to-peer platforms(such as LocalBitcoins) for privacy purposes, for some reasons like preventing your local bank from knowing that you're an active buyer/seller of bitcoin or something similar.
8099  Bitcoin / Bitcoin Discussion / Re: bitcoin investment stage on: October 17, 2020, 12:18:51 PM
If you say that bitcoin's 10k price is like an ICO's pricing stage, then does that mean that bitcoin will crash back down in the long term like how pretty much 99% of altcoins ICOs did? 🧐

8100  Other / Beginners & Help / Re: A lesson, disadvantage of storing seed into the device. on: October 17, 2020, 05:24:57 AM
It just shows how expectedly foreign self-custody is to a lot of people. We have been so accustomed to contacting PayPal and our bank's customer support when a problem arises with our money. And not only that, let's also take into consideration scammers and hackers in the space. A lot of people are going to learn really really expensive lessons in the cryptocurrency space.
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