Latest posts of: Argoo

Quote from: Rebdoomer on July 04, 2021, 10:08:44 PM

I don't "hope" Bitcoin reaches $1m, I have faith Bitcoin will reach $1m. Faith is stronger than Hope. Hope walks through the fire, Faith leaps over the fire.

I personally deeply doubt that Bitcoin can ever reach the one million dollar price. Even if it is capable of reaching such a price, the states will not allow it to rise in price so high. States have enough leverage to prevent this from happening, because the cryptocurrency in this case will greatly affect the stability of the global financial system.
When Bitcoin recently hit $ 64,000, many officials immediately began calling for tighter regulation of the cryptocurrency.
Well, let's see how it will be in practice in the future.

Here, of course, you greatly exaggerated. States and their legislative bodies constantly change laws, or adopt new ones, depending on the needs of society. Therefore, indeed, states are forced to adopt appropriate laws regarding cryptocurrencies, and not just bitcoins. However, this is a common practice and there is nothing special here. New objects for regulation appear and the state is forced to regulate it. I do not see anything unusual in this.

Quote from: slaman29 on July 16, 2021, 12:49:40 PM

Quote from: Nivia1st on July 15, 2021, 03:58:48 PM

It will look like the E-yuan project from china. and I'm sure it's not crypto. so there will be no effect for the market. the digital euro will not be the driving force for people to become more acquainted with crypto. because it's just an E-money issued by the government. they may be familiar with digital wallets. but not with blockchain and crypto.

Except e-yuan is most likely using blockchain tech and e-euro has said from early on that they are most likely not using blockchain. So we're going to have a lot of difference at least for me in terms of smart contract use, and possible hacking attempts by white hackers later on. So if euro going digital doesn't do blockchain, how does that acquant people with crypto?

The Chinese digitalized yuan will definitely not work on blockchain technology. There, they began to create it back in 2014 and followed a completely different path, which is so inherent in China. We will soon see how it will work in practice.
As for the digital euro, I think that it will work on the blockchain technology. Although these will be just state stable coins, that is, digitized fiat and they will have practically nothing to do with cryptocurrency, however, their appearance is simply logical and necessary in the global financial system and, in general, they should have a general positive impact on cryptocurrency. How the digitized currency of the central banks of the states will affect the cryptocurrency, while we can only guess. At the same time, we also cannot influence the process of their appearance.

Quote from: iTradeChips on July 16, 2021, 12:51:35 PM

Imagine all the beginners in crypto being excited for the first time in their lives, the possibility of wealth that they cannot imagine. Unfortunately, they only get their crypto learning from a social media group or worse from one beginner as well. That is already a sign that you need to prepare for a long bearish period. These beginners will not have any knowledge at all about crypto and will panic sell at a big loss if shit hits the fan. We will never be able to save them. That is why knowledge is power.

In our world, there is a universal law of conservation of energy, which should also work in the cryptocurrency market. Cryptocurrency does not produce tangible assets. Market participants invest in it and convert it to fiat. If someone made a profit, then someone must lose their money. If everyone only made a profit from working with cryptocurrency, then it would seem like magic. However, we no longer believe in fairies and wizards. Therefore, newbies most often make mistakes and lose their money. This is all logical and normal.

Quote from: Caldear on July 09, 2021, 08:16:52 AM

When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？

It would be simply amazing if altcoins did not evolve and flourish. Bitcoin is just a universal coin, without any specific functions, which are developing in different directions in altcoins. Therefore, altcoins have a lot of useful and necessary functions for people. Of course, many altcoins are useless and fraudulent. However, this does not change anything, since the market itself will discard all unnecessary and leave only promising altcoins. Therefore, everything is fine with altcoins. There is no other way of their rapid development yet.

Quote from: brainactive on May 28, 2021, 07:48:49 AM

Looking at the past financial crises that happened, they all seem to have a few things in common, such as the mass adoption of a new financial product or technology (e.g. mortgage backed securities in 2008, dotcom boom in 2000). Given the extent to which institutions (and some influential figures) have been manipulating crypto recently, do you guys think this narrative is likely?

It is unlikely that this conclusion is true. The indicated facts of the appearance on the financial market of any new financial assets during the period of financial crises is most likely a common coincidence. I do not think that the emergence and current development of cryptocurrency can provoke a new global economic crisis. In fact, cryptocurrency was created, among other things, after the global economic crisis of 2008 as a financial means to combat such crises. Yes, and a lot of time has already passed to influence the world financial system in this way, and the mechanism of such an impact is completely incomprehensible.

Quote from: hatshepsut93 on July 13, 2021, 09:11:33 PM

I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

It's not even a matter of whether Satoshi Nakamoto will be persecuted if his real identity is established. In this case, there is a high probability and threat that numerous heirs of Satoshi Nakamoto will appear, who through the courts will demand recognition of their right to bitcoin as an invention. In this regard, various claims against persons using bitcoin are also possible. We have already seen this on the example of Craig, who threatened many similar lawsuits if he succeeded in judicially securing his recognition as the creator of bitcoin.
Therefore, it will be much better if Satoshi Nakamoto remains an unidentified person, as he himself intended.

In the cryptocurrency market, that is, the financial market, its participants cannot only make a profit. This market does not produce material goods, it only redistributes them. This means that if someone makes a profit on it, someone else must suffer a loss. Therefore, there will always be profits and losses.

Quote from: Tina H on June 16, 2021, 02:35:42 AM

As we all know, in the cryptocurrency market, Chinese account for a large portion. So what impact will the Chinese government's total blockade of Bitcoin have on the cryptocurrency market? The sharp drop in the price of Bitcoin is the result we have seen, so after this blow, can the price of Bitcoin return to its peak, or will it fail? What do you think? I am confused now, hope someone can answer it for me.

Such negative news has only a temporary effect on this market. Then the market inevitably recovers and moves on. The Chinese government has already tried to limit or even ban the circulation of decentralized cryptocurrency since 2017, but such measures were not systematic and they were not carried out at the highest level. If they intend to do this, let them do it to the end and once. The market will be reformed and after a while it will move on. Otherwise, negative news will be fed constantly.

Quote from: OgNasty on June 25, 2021, 09:18:24 PM

If Bitcoin doesn’t hit $115K by year end it will signal a breakdown on one of the most accurate prediction models. That departure alone might be enough to spook the market into a self fulfilling downward cycle of cascading liquidations. I don’t think it would be the end of Bitcoin, just the end of dreams of hitting over a million per BTC in 2025.

I think that the cryptocurrency market will grow in price terms since autumn, but not so fast that it will again reach previous price records. Anyway, this year we will not see the price of bitcoin over $ 65,000. So I don't know how about accurately predicting the price of bitcoin at 115,000 by the end of the year and the prospect of up to one million. While this is all fantasy.

In my opinion, Bitcoin will not make any dramatic price gains until the fall for now. Meeting Elon Musk with someone can change nothing. After the recent scandals around his tweets and statements about cryptocurrency, he will no longer have the same influence on the masses. Therefore, the price of bitcoin will not fall to $ 20,000 or rise to $ 70,000. During these summer months, cryptocurrency is almost always at the same price level.

Quote from: sapnu on July 04, 2021, 11:59:27 PM

Vietnam will soon enjoy cryptos wonders and just like El Salvador, it can be one of the countries that open ups bitcoin to the world. It may not be a huge country but a country's decision would make a huge impact on other country's decision making. Let us hope that things would work out well for Vietnam so that we can boast of crypto more in the world and the same way may happen in El Salvador so let us stay tuned and see if it will be a success in the long run.

In my opinion, you misunderstood this news. Vietnam is not switching to cryptocurrency. The central bank was tasked with introducing its central bank stablecoin over the next two years. I This is already done in most states and the government of this country does not want to lag behind the trend in the global financial system. This news has nothing to do with cryptocurrency directly.

Quote from: bbc.reporter on July 08, 2021, 05:02:24 AM

Percentage of mining from renewable energy only went up because mining from Chinese coal energy sources are presently down and relocating to different parts of the world. Before we begin to get excited let us give it a months until the relocated miners new energy sources are known.

Everything that is done is done for the best. The fact that bitcoin miners are now leaving China, where they have used cheap coal energy, is very good for several reasons. This is good both from an environmental point of view and from the point of view of reducing threats to cryptocurrency security from the Chinese government. After all, most of the bitcoins have always been mined in China, and this has always had a certain risk of possible negative decisions regarding cryptocurrency by the Chinese government. It will be much better for me if this problem is solved once and for all.

Quote from: cr1776 on July 09, 2021, 01:57:48 PM

Warren: "people are too stupid to be able to figure out risks for themselves and yet are smart enough to vote in people like me who know nothing about it to regulate everyone else."

Putting a dishonest, divisive, pandering, anti-individual politician in charge of anything, let alone crypto, is idiotic.

I even liked the quote from Senator Elizabeth Warren. The world now contains too much information that is meaningful and useful for a person, which he simply cannot fully remember. Therefore, people, including politicians, need both advisors and the opportunity to turn to narrow specialists for advice. Therefore, on the whole, she said everything correctly.
The fact that she wants to protect the rights of investors is, in principle, commendable. If only here, as always, they do not overdo it and do no harm.

Quote from: DapanasFruit on July 11, 2021, 01:07:31 PM

In my own view, the overarching reasons why the Chinese government has decided to ban Bitcoin and its mining are the following: 1. Bitcoin is something they may have a hard time to control and control is always at the center of the government even up to now and anything that can threaten this control will really have to be kicked, and 2. They don't want anything that can compete with their own digital yuan and Bitcoin is taken as a possible competitor, so they don't like Bitcoin. Now, it would be an insult to them if they hate Bitcoin and then continually allow its mining right within its jurisdiction.

I also generally support such arguments. The Chinese government has always had its own way of developing the economy and a decentralized cryptocurrency clearly does not fit into their plans. Until that time, they did not infringe on the cryptocurrency systematically and at a high level. This has now happened as the Chinese government prepares to officially launch its digitized yuan and cryptocurrency, and private and commercial stablecoins are its direct competitors. The current decision of the Chinese authorities is serious and for a long time.

Quote from: mrquackquack on May 13, 2021, 10:52:29 AM

A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.

This decline has already been going on for about two months, so we can assume that the bull market has long since ended. In addition, now we are approaching the middle of summer in time, and the second half of it has never been distinguished by a serious price increase in this market. Therefore, it is likely that somewhere even before October prices will be approximately at this level, with the volatility inherent in this market.
After such a long and high price growth, the market should traditionally fall, although this may have happened a little earlier than expected.

Quote from: TheGreatPython on July 09, 2021, 06:54:48 PM

Quote from: Shamm on July 07, 2021, 09:54:38 AM

Maybe not at all cause I've observed in some poor in there that living in the high way maybe they just suffered and living Vulnerable scenario cause they know already that they live in a risk place but besides there's status their hard work and perspective that they can eat 2 times or 1 time in a day are still remains and they never think and evil deeds.

The reality is that humanity is evil, and for some reason people do not see that, the more power you give someone the more evil they usually become. Of course there are exceptions to this, of course there are people who are not evil, even if they get a lot of money, but most of the time there are evil all around the world. Sometimes it is evil like Chinese dictator killing Muslims because he can level of horrible evil, but sometimes "I avoided tax because others too and this caused poor in my nation to be even worse" level of evil.

It is cultural as well, in some nations doing small or even big evil things are seen as something okay, in other nations it seems horrible and looked down on, depends where you live. Trump for example came out and defended his 750 bucks tax return and others defended him too, do that in Germany and you would be considered crazy and a psychological evaluation would be done to you. So it is not about money, money just shows the evil inside of you to other people.

Money alone cannot be a source of evil. It is a tool in the hands of a person. As a result, they can be directed either towards good or towards evil. This is just a symbol of material values that are available in the state. We live in a material world and we need some material support. As in everything, only excess is harmful.

Quote from: Nunoluck on June 27, 2021, 08:57:11 AM

I hope by this news bitcoin price can go down under 30K , I have been waiting for this. I want to buy bitcoin at 20K price level. Honestly I think if China completely leave bitcoin then it is a big problem for cryptocurrency market, many people will be afraid and then sell their bitcoin. In other side it is also create a new big opportunity to replace china domination in cryptocurrency investment. I think we are a big community now, we are the market.

Sooner or later, however, a similar situation with an almost complete ban on the use of cryptocurrencies by the Chinese government had to happen. Previously, the Chinese government was in no hurry, but now they are preparing to launch their digitized yuan and this is pushing them to take measures to eliminate all possible competitors of their digitized currency.
On the other hand, to be constantly dependent on the possible provocations of this government and to have a constant source of bad information, something had to be done about it. It is better to solve this problem earlier and finally, than it could appear at the most inopportune moment.

This is one of the points of view and it also has the right to be discussed. Nobody knows who is behind the creation of bitcoin and for what purpose it was created. Playing cryptocurrency can be much more difficult and multi-turn.
Quantum computers already exist, although this forum has recently been assured that many years will pass before their real appearance. Moreover, it has already been confirmed that they functionally far exceed the capabilities of the existing ones. Becoming an ostrich and burying your head in the sand is not always a good way out of a threatening situation. Therefore, I also try to diversify my portfolio and pay attention to more advanced technologies in cryptocurrency.

Open source provides an opportunity for everyone to create their own profit. We cannot influence this process, therefore we cannot prohibit the creation of altcoins. At the same time, thanks to such decentralization, when there is no one person or body that would allow or prohibit the creation of altcoins, cryptocurrency continues to develop rapidly and this, in my opinion, is the only right way. Even if from every hundreds of new altcoins only a few useful ones remain, it is still their rapid development.