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1  Bitcoin / Bitcoin Discussion / Did bitcoin lose its value? on: October 18, 2020, 12:18:34 PM

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
2  Other / Beginners & Help / Bitcoin offline wallet suggestion on: May 07, 2020, 05:45:58 PM
Hello. I want to know about any bitcoin offline wallet which includes no third party. And can that wallet be hacked if I don't input any kind of malicious file or connect the device to Internet?
3  Bitcoin / Bitcoin Discussion / You should burst this MYTH on: December 31, 2019, 05:53:53 AM
I often hear people quoting that some country (most of the times China) is positive towards blockchain and are thinking to using it in their country, so they are also  positive towards Bitcoin.

This is just a myth. To be honest Bitcoin and Blockchain are separable. Blockchain can sustain without crypto but crypto cannot without blockchain.

In recent times Bitcoin moved from 7k range to more than 10k may be with the news of China president talking about blockchain. Then people were saying that China is positive towards crypto but things were not that good. And now things are on the same page again.

So burst this myth that where blockchain is Bitcoin will also be there.
4  Other / Beginners & Help / Do Spendable Merits expire? on: December 24, 2019, 10:44:47 AM
Do Spendable Merits expire? Or they never expire.
5  Alternate cryptocurrencies / Altcoin Discussion / Dont have the right to know WHO OWNS YOUR MONEY on: December 09, 2019, 06:47:52 AM
Today i contacted Binance via their Support and a customer service agent joined the chat. I just wanted to know where Binance headquarter is? And then you can just have a look at the chat.






I contacted the support three times and on all occasions i got the same answer. My question is simple. I am not asking for exact location i just want to know the country and the city. According to them i dont even have the right to know who is handling with my money.
6  Bitcoin / Bitcoin Discussion / NOTHING IS ABOVE BITCOIN on: November 26, 2019, 06:38:53 AM
Adam Back, CEO of Blockstream and HashCash, has said: "Nothing is above Bitcoin, no Central Bank Digital Currency, no stable coins."

He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."

Source: https://cointelegraph.com/news/exclusive-nothing-is-above-bitcoin-no-cbdc-no-stablecoins-says-blockstream-ceo-adam-back
7  Bitcoin / Bitcoin Discussion / How you can say that? on: November 25, 2019, 11:46:09 AM
Crypto enthusiasts buy crypto with centralized cards from centralized platforms. Transfer that crypto in centralized exchanges and trade with centralization. And whenever get caught in a problem with the exchange, accuse the centralized exchange. So how with all this you can talk about centralization?Huh? You prove your words wrong with your acts.
8  Alternate cryptocurrencies / Altcoin Discussion / Why Mobile Mining exists at all? on: November 24, 2019, 02:12:16 PM
We all know that mobile phones are a delicate pieces of gadgets. As mining is a hectic task for computers, the devices we use should be able to sustain the load and be equally worth of resources at the same time. So for such a task, indeed they will serve us for a shorter period of time when we compare their service time with a PC.

There are some coins which can also be mined with mobile and one of those coins is ELECTRONEUM. I have read the reviews made by different users of electroneum mining app and they concluded that they get approx 5-6 electroneum coins per day. So with current market price it is less than 100 sat a day with internet, electricity and wear tare costs of the device. If why would someone risk the smartphone for just 6 elec a day?

So why companies advertise their coins with describing mobile mining as a benefit? Make your coin enough valuable that miners leave other coins for your coin mining. Or otherwise companies should leave this idea.
9  Alternate cryptocurrencies / Altcoin Discussion / Reality of some Deflation tokens on: November 24, 2019, 02:55:41 AM
Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
10  Bitcoin / Bitcoin Discussion / Blockchain is not Bitcoin on: November 22, 2019, 11:59:36 AM
So now Chinese government has said exactly what i was anticipating which is Blockchain is not just Bitcoin or crypto.
An article has been published in newsbtc.com, the announcement said that the sale of tokens for Bitcoin, Ethereum, and other virtual currencies remains “essentially unauthorized illegal public financing, suspected of illegal sale of tokens, illegal issuance of securities and illegal fund-raising.” The PBoC’s Shanghai branch then added that crimes enabled via cryptocurrencies have “seriously disrupted the economic and financial disorder.”

Source: https://www.newsbtc.com/2019/11/22/china-confirms-blockchain-not-bitcoin-pboc-crypto/
11  Other / Off-topic / Bitcointalk is not an investment on: November 21, 2019, 04:05:06 PM
In the recent period of time, demand of bitcointalk accounts has been increased due to certain signature campaigns where buyers want to buy bitcointalk accounts by paying handsome amount of money. But i want to declare that bitcointalk is not an investment product. Yes most of the people including myself may be here to go to higher ranks and earn some money by signature campaigns as it is a part of sustainability. But buying a higher rank account would not help you as that specific campaign would not be here all the time. So dont waste your money where you dont want to contribute. You are deducting a higher rank account from this place. This place is like community not a mere business.
So kindly dont buy bitcointalk accounts if anyone offers you. It is all about earning through contributions.
12  Other / Beginners & Help / Posting an image on: November 19, 2019, 01:44:02 PM
Someone please guide me in posting an image.  I have uploaded image on online website and have the link. Now what do with this.
13  Economy / Scam Accusations / TAGZ is a SCAM on: November 15, 2019, 11:56:55 AM
Hello. Today i am going to expose a scammer with a name of Bryan Seiler here on internet who was previously involved in Fitrova token scam and now he has made a token as well as an exchange named as TAGZ and you can find it at TAGZ.com. It is also on bitcointalk at https://bitcointalk.org/index.php?topic=5124779

Bryan Seiler is the current CEO and main person behind TAGZ exchange and you can look at him and his talks through exchange's official YouTube channel.
 
https://www.youtube.com/watch?v=142UFl5eaXw

You can also find this person on Medium.

https://medium.com/@bryanseiler

You can also find articles about him at:

https://www.publish0x.com/blockchain-latest-news/bryan-seiler-australias-leading-ceo-and-entrepreneur-2019-xxzkek

Now thing is sure that Bryan Seiler is the main person behind TAGZ exchange.

Coming towards Fitrova.
Fitrova was a token launched in 2018 claiming to be a token for gym industry. When bryan started TAGZ he deleted all of the videos on its official Youtube channel. But i found his account with the same name on ICOBench where he created account with his real name where he is a verified number with clearly written Fitrova under his project. Link is under:

https://icobench.com/u/bryan-seiler

When you will watch and search for this person you will find out the person speaking in this video https://www.youtube.com/watch?v=142UFl5eaXw
is the same as on https://icobench.com/u/bryan-seiler

More you can find out a study posted on Steemit
https://steemit.com/cryptocurrency/@creatovert/fitrova-a-not-so-well-hidden-scam

Save yourself from people like these and such platforms which have involvements of these persons.
14  Bitcoin / Bitcoin Discussion / Bitcoin investment on: November 15, 2019, 09:38:33 AM
I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.

This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."

Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility?  I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.

So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."

Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
15  Alternate cryptocurrencies / Altcoin Discussion / Intrinsic Value of a crypto on: November 12, 2019, 11:52:23 AM
In stock market, it is easier to have a guess of intrinsic value of a stock by having a look at the annual reports of the stock. When it comes to crypto, it is totally based upon the different speculations of different people. Launching an annual report by crypto would be a great thing to have for the investors including information like
How company earns the profit in the recent years?
How it has earned it?
What assets it has and what liabilities it has to give?
Balance Sheet
Profit Loss Statements etc.
Otherwise people would lead themselves to a dead end. Because when you not make money then how can you can sell an associated thing to that business for money.
Ultimately it would lead us to have a good look at the intrinsic value of a crypto.
16  Other / Beginners & Help / Earning Merit Points on: November 12, 2019, 10:03:07 AM
How would a person can earn merit points? Any tips?
17  Alternate cryptocurrencies / Altcoin Discussion / Tether Backing Problem on: November 04, 2019, 05:24:08 AM
As claimed by tether.to, every USDT is backed by traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.(Quoted from tether.io website).

So basically with every passing year the value of USDT is decreasing due to the inflation caused and ending in decreasing the buying power of USDT. So i am not going to invest or convert my Bitcoin into USDT which is backed by FIAT.

Bitcoin is increasing with respect to USDT but it has to cater for inflation as well so a holder can be in profit. We need USD/BTC pair not USDT/BTC pair. Why should one trader rely on a third party token when he can trade directly the USD.
18  Alternate cryptocurrencies / Altcoin Discussion / Promoting ICO scams on: October 30, 2019, 12:08:04 PM
Going back to 2017 scam ICO launchings, one thing for sure, sites like Coin Market Cap have played a very big role in promoting those scams. Yes they did it because they want money but one thing they should realize that this thing would lead to distrust of new people in crypto which would ultimately also close their shop as well.

Coin Market Cap takes a huge amount of money from those scammers.
When i contacted CMC, i got this email.
Hi, and thanks for reaching out! Our pricing is based on impressions:
 
Desktop Formats:
·      Top Banner (728x90)  - $14.00 per 1000 impressions
·      Side Banner (160x600) - $8.00 per 1000 impressions
·      Bottom Banner (728x90) - $4.00 per 1000 impressions
Mobile Formats:
·      Top Banner (320x100) - $8.00 per 1000 impressions
·      Mid Page Banner (300x250) - $6.00 per 1000 impressions [Coin Detail Pages only]
·      Bottom Banner (320x100) - $4.00 per 1000 impressions [Coin Detail Pages only]
May promotion:  10% bonus impressions for orders of $25k or more


If these sites just go for some verification before promoting these scams, it would be very good for the visitors. Verification can include Mobile verification, Identity verification etc. These sites are an open image of crypto, if these sites just reduce their earned money by a bit and plan for long term then it would be beneficial for all of us.
19  Other / Meta / We need fresh design on: October 28, 2019, 10:03:49 AM
Bitcointalk is here for years now and being Pioneer in the industry it should be something appealing to the users. Bitcointalk needs a fresh design. Being a forum which runs on community support all the members are requested to help at least a bit.
20  Bitcoin / Bitcoin Discussion / Bitcoin's acceptance in the World on: October 22, 2019, 11:46:47 AM
There is a major issue which is becoming resistance in the way of Bitcoin to be accepted globally and it is its "Volatility".
In the near past we have seen Bitcoin dropping more than 15% in a matter of 3-4 hours. And there are a number of cases in the past like this.

This property is too much dangerous for any entity which is holding Bitcoin. If a company sells products/services of 10000$ and receive payment in Bitcoin, and bitcoin loses 10% in one day then basically company has lost 10% worth of their products.

Scenarios where gross profit margins of the companies are less, this property makes nearly impossible to accept payments in Bitcoin. If volatility of bitcoin is decreased in the future, it would be  a major step ahead.
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