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61  Other / Beginners & Help / Re: The minimum liability for the forum. on: March 03, 2021, 05:11:07 AM
It's really sad that it seems like other members don't really care so they don't even bother in reporting these kind of posts, leaving everything up to the mods. I was scared at first of using to report moderator button because I might be misreporting a post but when I found out that it will be up to the mods' discretion, I try to do what I can.

Since we're currently in a bull market, its not going to be a surprise to see more and more of these kinds of posts as more members try to participate in signature/bounty campaigns. There's really no harm in participating in these campaigns - what's problematic is the people who try to cheat these campaigns by increasing their post counts thus resulting to poor quality content.
62  Economy / Economics / Re: How do you trade? on: March 02, 2021, 03:00:21 PM
I'd probably think of myself as more of an swing trader since I'm not so knowledgeable on technical analysis; but I do research a lot first of course. I don't day trade as I do not have the patience to do so and I don't think the gains will be worth all the stress and effort (no offense to day traders out there). Honestly, picking out a good coin is really hard but if you're luck enough there really are gems out there. Even others with no use case at all could yield gains due to the bull market. Conversely, there are coins with potential however are undervalued due to poor marketing or development. I'm still a BTC maximalist so what I mostly do is flip the other coins to increase my BTC holdings.
63  Economy / Economics / Re: Google Finance adds Crypto tab on: March 02, 2021, 07:43:06 AM
Hard to ignore given the influence crypto has now compared to a few years ago when scam ICOs were booming. Right now, the cryptosphere has a completely different air especially since there are institution involvement and soon to be merchant payments thru paypal. Everyone used to associate crypto to scams and illicit activities because of the ICO boom, so it was pretty much taboo then. Youtube still gatekeeps crypto content but that could still change in the near future. NFTs are becoming a thing now and a lot more NFT games are being released. Maybe we can expect to see them being advertised as well.
64  Bitcoin / Bitcoin Discussion / Re: Bitcoin investment is limited on: March 02, 2021, 04:45:09 AM
There are ways for the blind people to access and read things off the internet. I remember seeing on a twiiter a blind person able to tweet and read other tweets. I think he uses an app which enables him to read the other's tweet. If such as an app exists, then this could be utilized for buying and selling bitcoin. This shouldn't be confined to the use of crypto as well. The handicapped should be provided solutions for other uses as well especially since we are advancing towards a very digital age. Pretty soon, all payments will be made through the use of your phone or cards so there should be adaptions done for them.
65  Local / Pamilihan / Re: LENDING SECTION HERE (Mores Funds Available - Wanted Borrowers! on: March 02, 2021, 04:23:27 AM
Sana may makapagpahiram   Smiley

Loan Amount: 3,000 Pesos
Loan Purpose: Personal
Loan Repay Amount: 3,200 Pesos
Loan Repay Date: 1 or 2weeks (Monday or Tuesday)
Type of Collateral: None
Bitcoin Address: GCash or Coins.ph (BTC or PHP Wallet)

Repayment pwedeng BTC o Gcash lang din

Salamat po!

Hi kabayan,

Confirming that payment has been sent for this loan.

Order #g01ezrjqyaf9
66  Economy / Economics / Re: How do you define rich? on: March 01, 2021, 03:25:42 PM
It depends on what kind of richness you're pertaining to. Richness can be measured in a lot of things. Relationships, health, etc. If it's in wealth, then I do not see a particular figure to say that you are rich. Personally, if I ever come to a point where I won't have to worry about any of my expenses and the future then I would reckon myself as someone who is rich, or at least financially stable. Being able to afford a comfortable and not necessarily extravagant life will be enough for me to consider as rich. This is what I aim for and I'm not boxing it into a specific figure or number of assets. Honestly, I just want to live a simple life and accumulation of material wealth is not the end goal for me.
67  Economy / Service Discussion / Re: Is BlockFi safe in the event of a stock market crash/another financial crisis? on: February 27, 2021, 02:19:27 PM
Always keep in mind that when your coins are endorsed in a exchange/interest-earning platform or any third party then there will always be risks that come along with it. Blockfi will not be immune to a stock market crash or a financial crisis as would any company would be. A financial crisis will also have some effects on the crypto market. New users could flock to crypto or the old users would probably scramble to sell their coins as a way to have added cash or make means. If you're not at ease with leaving your crypto on blockfi then simply secure it on a wallet. Not your keys, not your coins as they say.
68  Economy / Service Discussion / Re: [List] Bitcoin Savings Accounts Providing Interest on: February 27, 2021, 01:06:08 PM
What I like about Crypto.com is that they offer a lot of services for their clients! Among these are buying crypto within their app and you can earn interest by staking your crypto (you have 3 term options: Flexible, 1 Month, and 3 Months), plus they also have a debit card that you can load up and spend your crypto with. While Crypto.com has simple interest, blockfi.com on the other hand offers compound interest and the payout is every month. A cool feature they offer is allowing you to choose what currency you want to earn interest in. (For example, stake Bitcoin and earn interest in Ethereum or USDT (stablecoin).

Cool list, OP! This kind of thing is relatively new so there's not much info about it but it seems like this is thing now so you see them booming everywhere along with DeFi.
69  Bitcoin / Project Development / Re: [International Donate] Building rice farms in the Philippines Funding goal 0.2B on: February 27, 2021, 07:05:36 AM
I have one question regarding the price of land in the Philippines - specifically in this case the agricultural land that will be used for rice cultivation. I don't know exactly what the size of the land is, but 0.2 BTC is around $10 000 at the current price - so even though you included all the other costs, I was somehow convinced that agricultural land in that part of the world would be much cheaper.

In my country (EU), a large proportion of workers earn that much throughout the year - although there are those who earn perhaps only 60-70% of that amount.
Most farmers in my country(Philippines) do not have their own land and most of them are part of a hacienda or ranch that is owned by the oligarchs. That money that hopefully gets donated might be able to help them pay their debts, buy seeds and buy their food. Filipino farmers are among the poorest in my country and there are only a few that gets lucky because those who asked for more are either killed or removed from the land, what I am saying is that they are always getting the short end of the stick.

Farmers don't have to buy lands to farm.
How about renting lands? Or the farmers could organize and move into forest or "no man's land" to farm.
I sometimes wonder why farmers don't take that risk to cut cost. They could even build temporary homes there to live close to the farms.


Most of the farmers don't actually own the lands they farm on and the downside here is how little the profit they get as most of it goes to the owners. Probably about 60% of the profit goes to the owner, then 40% to the farmers... nah, that's too generous. In reality it's more likely 70-80/30-40% ratio. If you think I'm exaggerating, you can read up the Hacienda Luisita fiasco which used to be hush hush for several years.

To farm on a "no man's land", that would most probably be considered as "squatting". They will most probably be driven away or even arrested. Most of the agricultural land left are at least owned by someone or the government. And yes, most farmers actually build their homes on the land where they farm. This becomes a conflict whenever the landowners decides to sell the farmland and the farmers loses not only their jobs but also their homes.

70  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto memes! on: February 27, 2021, 05:07:33 AM
71  Other / Beginners & Help / Re: Someone asked me he got $500 to invest in btc, is it the right time to enter? on: February 26, 2021, 03:01:27 PM
Bitcoin: It’s Not If, It’s Now Just A Matter Of When

If he's not keen on exiting for the short term, then ASAP would be the best time to buy especially since were currently in a dip. He must keep in mind, however, that the price of bitcoin does not go up forever and we will experience numerous dips such as this one.
Another option he could do is to DCA (Dollar Cost Average) in order to average down his overall purchase.
For example:
BTC price
$47,308.28 - $100
$46,597.30 - $100
$49,297.40 - $100
$43,411.37 - $100
$50,794.52 - $100
72  Local / Pilipinas / Re: Pilipinas bilang isa sa mga pinaka-aktibong komunidad ng Bitcoin sa Asya. on: February 26, 2021, 02:39:41 PM
Sa tingin ko marami din naenganyo sa crypto lalo na ngayong pandemic thinking that its 'easy' money, marami din kasi ako nakikita sa mga FB groups. Yun nga lang ang napansin kong naging laganap ay yung mga nasa telegram bots na kadalasan ay mga ponzi/hyip tulad ng forsage, bitaccelerator, XUM etc.. Sana yung mga nabiktima dito ay hindi magkaroon ng masamang tingin sa crypto at gawin nalang itong lesson, at sana yung ibang mga pinoy ay maenganyo na matuto tungkol sa crypto. Siguro panahon din dapat na magkaroon tayo ng learning platform na magiging accessible para sa mga kabayan natin.
73  Bitcoin / Bitcoin Discussion / Re: Circle of Competence on: February 26, 2021, 12:45:17 PM
This "circle of competence" is a real thing! For this same reason people like Warren Buffet have never invested in bitcoin or any other cryptocurrency ever. Rather, he stayed back with his old school investment where he succeeded.

Same goes with an Indian billionaire Rakesh Jhunjhunwala who is also known as Indian Warren Buffett. He has recently voiced his statement agaisnt bitcoin and urged Indian government to ban it. So for many people, Bitcoin is out of their circle of Competence.

But there are millions of other people who had adopted bitcoin for a better financial future. For me, it's within my circle of Competence since last few years!

Good point, these billionaire are more accustomed to the traditional types of investment vehicles so Bitcoin and cryptocurrencies must be otherworldly for them. Same goes with Peter Schiff, the gold advocate who does nothing but hate on Bitcoin but on the other hand is a successful stock broker. If there's so stuck on their thing, its not necessarily a bad thing. They have their thing and we have ours but I wish they would stop screaming bloody hell on crypto just because they don't like it.

I first learned about Bitcoin before I considered about my finances and investing so you would say that crypto is my "circle of competence" as compared to other investments such as stocks/bonds/mutual funds. I dabble on these as well but I'm not as adept to it as compared to my knowledge on crypto.
74  Economy / Speculation / Re: Has Elon Musk's twit caused the Bitcoin bubble burst? on: February 26, 2021, 12:12:40 PM
It is being speculated that some original miners and early adopters are dumping their coins since December. Why they are doing this is unknown. However, I speculate that they might become early adopters of another project. That project might be the other coin that theymos accepts for copper memberships hehehe. This coin has also received a donation that came from a coinbase transaction of an original miner.





Source https://twitter.com/n3ocortex/status/1364699416012222465?s=12

Article about that large BTC dump here, looks like there are several cash outs from a single mining output so kudos to that miner who waited for a decade. Its amazing to think how long these guys has been holding. I wonder why he cashed out one time? I bet there are a lot of other early adopters out there who are only cashing out now.

On another note, even while Elon definitely has some influence even through just a tweet, he's not the only factor that affects the market. There are so many factors that could have driven the price up and down plus we were very well due for correction so it doesn't look like a bubble burst to me. A bubble burst would have the price drop to drastic proportions, something like the bear pattern after 2017 ATH.
75  Economy / Trading Discussion / Re: Trading via indicator alerts on: February 26, 2021, 09:31:16 AM
It might be more worthwhile to learn how to create your own trading tool on tradingview. I believe there are free sources out there that can teach you how to use tradingview and how to set it up, you can check Binance Academy on this. Also, RSI and the MACD can only tell you so much. You can probably check out Onchain analysis as well, this seems to be good to use in reading BTC charts. Just keep in mind that even the most experienced traders get stumped because of how unpredictable the crypto market is so it might be better to use your money on other things.
76  Economy / Speculation / Re: How much lower you think BTC can go in this drop ? on: February 25, 2021, 02:59:33 PM
Bitcoin looks to have some strong support consolidating around $47-48K so I don't see it going any lower unless other factors come into hand. I looks to be climbing up to $50K, only then to fall back down to around $48K then up again. It's been almost a week since we're experiencing this correction and recovery is becoming better so its possible that the price won't go down any further from this point on. Once it surpasses $50K, it could probably go up continuously then it will be some time again before it drops down. Then again, March is said to be not a very bullish month as it was this time last year when BTC crashed to about $3K.
77  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance as the third largest coin on: February 25, 2021, 01:55:48 PM
Apart from its utilization by the binance users, the Binance Smart Chain probably had some contribution to it being the third largest coin. Yield farming enthusiast enjoyed the low tx fees using Pancakeswap as compared to the ether alternative, Uniswap. Since the fees were beyond reasonable (ranging from $100-$1000), many have migrated to BSC despite it being centralized by Binance. I believe many will continue to use BNB since many rewards are offered for using it like discounts in trades or tokens from staking so it has plenty of potential to grow. Unless ETH solves their tx fees some day, users will flock to BSC.
78  Bitcoin / Bitcoin Discussion / Re: The Mainstreaming of Bitcoin and Crypto Continues on: February 25, 2021, 07:53:12 AM
Bitcoin and crypto is hardly mainstream even with these institutional investors flocking. Microstrategy already accumulate a large sum of bitcoin last year so they are no stranger to the crypto world already. In fact they have the most amount of bitcoins, even more than what Tesla has accumulated. I'm more interested on which other industries will be coming in, more specifically those who are more conservative. Square Inc. bought about $170M BTC just recently as well. Companies like these most probably buy BTC for the long term knowing the potential behind it and not for a pump and dump. They are trying to get ahead of the game before bitcoin is utilized in the mainstream. IF they were to do it for a pump and dump, they wouldn't have announced it to the public like that. Now that they own BTC, all eyes are on them. There may not be any written down legal implications but the last thing they'll need is the SEC on their tail if they perform a pump and dump.
79  Economy / Speculation / Re: Next target 40-42k area before new ATH? See 2 year moving average on: February 24, 2021, 03:58:58 PM
Interesting trend pattern; it would be cool to see if current trend will follow-suit.

Following this, then we could probably expect the rise to happen around mid-year? June or July perhaps? Also if we are to follow the 2017 bull run, it looks to be we'll experience a couple more dumps before hitting that sharp rise. At what price do you think will we be overtaking the red line? Around $100K? Then huge dump afterwards or stronger support due to more institutional involvement? Or an extended bull run?
80  Economy / Economics / Re: Earning interest on your crypto on: February 24, 2021, 02:24:53 PM
if I may suggest you look at the bsc farming platform.
there you can get greater interest depending on the type of coin and the deal.
for example, CAKE at Pancakeswap offers apr400% if you stake 2 types of coins and increase the liquidity there.
I think this is the site you meant : https://bsc.farm/

I don't know if its legit and what actually it provides because I haven't been into staking or earning interest on my crypto so I was a bit lost on the website.


This refers to DeFi Yield farming. I would say its legit because it's run by binance. The one from Pancakeswap is on the Binance Smart Chain but since it's on Binance, its centralized so its Centralized-DeFi. The one handled by binance is only Pancakeswap, but the others mentioned like Goose, beefy etc. are not and the problem here is they may be suspect to a rug pull and your money may not be safe to be left behind there. There has been instances in the past where pools were exploited.

Essentially you stake your BNB there and farm food themed tokens like CAKE. Many people are opting to use Pancakeswap instead of Uniswap because of the ridiculous ETH gas fees recently.
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