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1361  Alternate cryptocurrencies / Altcoin Discussion / Re: Next ETH on: June 07, 2021, 04:06:19 PM
There will be no next ETH. The next Ethereum will be Ethereum 2.0. We first need to look at what the updated ethereum will be in order to evaluate both it and other cryptocurrencies that intend to compete with this coin. Proceeding from this, it makes no sense to discuss this topic yet.
1362  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are Airdrops and Bounties worth the work? on: June 07, 2021, 02:47:30 PM
I have not participated in airdrops for a long time. This is most likely a waste of time. But in bounty campaigns and especially in subscription campaigns, I still participate. Of course, we are still often cheated with payments, but sometimes the new tokens received can be sold quite well. To a large extent, our participation depends on our free time, habits and need for communication in this forum.
Therefore, while there is a possibility and probability of earning new tokens, I intend to use this opportunity.
1363  Economy / Economics / Re: Are some too blind to see? on: June 07, 2021, 12:51:25 PM
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!
In my opinion, this is understandable. Any institutional investors invest their money in cryptocurrency not out of love for it, but for the sake of making a profit. Therefore, they will sell it at any time if, based on market movements, they deem it necessary to maintain or increase their profits. At first I thought that even though Elon Musk was doing it out of interest in cryptocurrency or sports pleasure, however, judging by his recent actions, he is the same as other businessmen. Moreover, his actions are even in many respects contradictory and illogical.
1364  Economy / Economics / Re: El Salvador plan to make BTC legal tender on: June 07, 2021, 08:06:08 AM
Now many states have already legalized cryptocurrency, and this means that in them cryptocurrency has become a legal tender and a means of making a profit, and therefore such activities in many states are taxed, or they are going to do it in the future.
The President of El Salvador is actually trying to make bitcoin the main means of payment in this country. Since there is no national currency there, it is quite possible to use bitcoin for this purpose during some transition period. However, in the future, El Salvador will still have to think about its own national money, since this is how it is possible to raise the economy of the state.
1365  Bitcoin / Legal / Re: If crypto is banned in my country on: June 05, 2021, 05:36:36 PM
If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?
There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal
What will I announce as source of this income? Of I continue selling in small amounts, it will take me 10 years to completely dispose off all my holdings.
Plus there will always be a risk of price fall and getting tracked.
I am looking for some ways to sell them all in one go during this bull Run.
If we are talking about the fact that it will be necessary to cash out the entire amount of the available cryptocurrency and immediately, then a trip to another country with legislation loyal to cryptocurrency may make sense. However, it seems to me that they will hardly be allowed to return to their country with a large amount of cash. Perhaps it makes sense to put this money in the same country in a bank and use it as needed. However, you need to clarify in advance whether your national legislation allows investing in foreign banks.
1366  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: June 04, 2021, 05:00:02 PM
Btw, I wont touch anything that McAfee tweet if it isnt about crypto ( bitcoin / eth in particular ) lol

First of all, it is not John McAfee who is posting these tweets. McAfee is currently imprisoned and having Chorizo sausages for breakfast. I don't think that he is having access to social media. And knowing how greedy he is, I won't be surprised if turns out that he has sold his Twitter account to anyone in return for a monetary payment. And secondly, No one takes McAfee seriously anymore in the cryptocurrency sector. He has scammed a lot of people and we should not give him another opportunity to repeat that.
In many countries of the world there is an illegal opportunity to access social networks even while in prison.Therefore, I do not exclude the possibility that John McAfee still has the opportunity to write on social networks. However, it is possible that someone does this for him at his request, so that they do not forget about him. For this, general correct expressions are used in relation to cryptocurrency, which will interest participants in this market. This indicates that McAfee is still going to return to the world of cryptocurrency.
1367  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum going to Die? on: June 04, 2021, 07:07:34 AM
I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
I see that in recent days, the transaction fees on the ethereum network are quite low, in the range of 20 Gwei. For example, now the CoinMarketCap table shows that it is 18 Gwei. This is also noted by many users of this network. However, this seems to have more to do with the general fall in prices in the market.
To make things clearer, we'd better wait for the London hard fork in July. After that, transaction fees are expected to return to normal for a long time. There is not much time left.
1368  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ICO the best way to invest in cryptocurrency? on: June 04, 2021, 06:45:08 AM
Investing in a coin with a high capitalization of risk is less. However, investing in ICOs sometimes brings more profit if the project is in demand. At the same time, most of these projects even turn out to be unprofitable for investors. Therefore, there can be no general advice here. We can take a risk and get a good profit, or we can lose our money. Therefore, here everyone should study and analyze before making an investment.
1369  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Invest in Ethereum on: June 03, 2021, 01:41:47 PM
As of this time, I honestly believe that this is going to be a good time in buying and accumulating some Ethereum. I certainly believe that Ethereum will reach $4k+ again when ETH 2.0 comes along with the bullish run depending on the market condition that we’re in.
Ethereum is especially promising in connection with the recent accusations against bitcoin that it consumes a lot of energy when mining, moreover, energy of carbohydrate origin. At this time, the ethereum network is just being updated and with the transition to PoS it will consume a small amount of energy. If large investors are forced to pay attention to this, then bitcoin may lose its current position and then ethereum will be considered one of the most promising. Therefore, there are many reasons to invest in this coin.
1370  Bitcoin / Bitcoin Discussion / Re: 652 Ukrainian officials declare holding a total of 46,351 BTC on: June 03, 2021, 06:59:04 AM
It may well be possible. In Ukraine, many are really interested in cryptocurrency and it can be a good way to launder the dirty money of officials, because profits from cryptocurrency in Ukraine are still not taxed. When the relevant law is introduced, it will not be necessary to prove the fact and the sources of the acquisition of the cryptocurrency, taking into account the fact that previously it always had little value, but it will simply be necessary to legalize it by paying a one-time tax.
1371  Bitcoin / Bitcoin Discussion / Re: Was paper money rejected by religions as much as Bitcoin? on: June 03, 2021, 06:45:12 AM
Money has always been issued by the authorities, and previously, state and religious authorities were often combined in one person or body. True, then gold and silver were first used as money, from which coins were later minted. The first paper money appeared as bills of exchange and this was the right of the person who issued the bill. After some time, the state itself, represented by central banks, began to print paper money, which in fact was a universal analogue of the same bills. For the people, this may have been an innovation, but I do not remember that paper money was rejected by them. Most likely, at first they were mistrustful of them. Indeed, in this case, gold and silver were replaced by paper.
1372  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: June 03, 2021, 06:25:44 AM
Please name such "green" alternatives? What coin is mined out of thin air? In my opinion, this is the opinion that the mining of cryptocurrency can become "environmentally" clean, just a gimmick like the whole topic of "green energy". Since in the global energy generation "green technologies" occupy a negligible percentage - so it is the same with the mining of bitcoins and alternative coins. This is a utopia which in the near future is not destined to come true in reality.
The problem of using the quantity and quality of energy by bitcoin has already risen and now, when this problem has become very urgent in connection with a sharp climate change, regardless of whether this problem is contrived or not, true or not, states will seize the opportunity to denigrate cryptocurrency and take action to restrict her walking. Therefore, cryptocurrency will have to change and prove that it consumes a small amount of clean energy. This is especially true for bitcoin, because it is he who has now gained great popularity among the cryptocurrency. If bitcoin does not change in this regard, it will lose its significance, whether we want it or not.
1373  Bitcoin / Bitcoin Discussion / Re: Fiat and Bitcoin - The Two Brothers on: June 02, 2021, 04:02:56 PM
Fiat and bitcoin are hardly brothers. They are even more diametrically opposed in everything than have at least some resemblance to each other. It is no coincidence that bitcoin was invented in opposition to fiat, as an alternative to its circulation. With this in mind, states will agree to legalize cryptocurrency only under public pressure, otherwise they would have banned it without even thinking.
1374  Alternate cryptocurrencies / Altcoin Discussion / Re: Scenario of the crypto market in near future. on: June 02, 2021, 03:43:54 PM
I still can't believe that bitcoin can update ATH in the near future. I am more inclined to believe that the new peak will be in September if the market is still hot until then...
June has already begun, that is, the calendar month of summer. Bitcoin is still far from its previous record price. It stumbles more than it grows. If the situation does not improve significantly by the end of this month, then we will have to expect a new wave of price growth in the fall. And not directly from September, but, as always, from about the second half of October, although some corrections in time are possible due to the peculiarity of the current state of the market. Today, the price of bitcoin has risen to $ 38,000, which means there is still a chance of a market recovery this month. If this happens, then everything will happen according to a more optimistic scenario.
1375  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC and ETH price are too high. Better invest in alt coins like ADA, DOT, MATIC on: June 02, 2021, 03:17:22 PM
What cryptocurrencies to invest in now is the choice of each of us. However, its price is unlikely to play the main role. First of all, you need to consider the growth potential of each cryptocurrency. It seems to me that Ethereum deserves to be invested in this coin. Even its current price of $ 2,700 is still relatively small for this coin. Under favorable market conditions, it can increase several times in price by the end of the year. This is a long-term investment. Other altcoins may have temporary gains. However, this depends on the specific altcoin.
1376  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto and energy consumption on: June 02, 2021, 08:02:15 AM
Just want to put this out there. What is the problem with crypto mining and energy consumption? Yes, I know you'll raise environment concerns, I get it.

However, consider this: a civilisation is measured by its energy consumption. Before we discovered fire and used any stone tools, the only energy we had was whatever our bodies produced. Then we discovered fire, made tools, invented the wheel, etc. Until now, when we use computers, robots and other machines to help us live. Our life expectancy and quality of life has increased dramatically.

Shouldn't we concentrate our efforts on using clean renewable energy, rather than restrict our use of it?

Frankly, if there is a problem with too much energy consumption, we should go back and live in caves, and hunt in groups.
Nobody says that we need to give up the benefits of civilization. However, along with technical development, we need to be very careful about the environment, and with this, humanity has recently had big problems and therefore the climate began to change dramatically. Here you really need to choose: either mindlessly continue to consume the energy of coal, gas and oil, or switch to other sources of it, especially since the technology of extracting energy from the sun, wind and water has made great progress in recent years. In my opinion, solar panels and wind generators are exactly what we need now.
Cryptocurrency for mining now also needs to switch to the use of renewable energy sources, otherwise states may even try to ban it because of this. There is no need to give states an extra reason for this. It is important here that bitcoin shows an example in this.
1377  Alternate cryptocurrencies / Altcoin Discussion / Re: When sell holding alt coin in profit? on: June 02, 2021, 07:28:47 AM
When should long-held alt coins be sold? When to sell even when we are in profit? That doesn't make sense. Let me know if there is a suitable alternative to this issue.
We can only calculate profit in our head when the market rises in price. However, we will not actually have it if we do not sell our cryptocurrency at this time of its growth. We will only watch it increase as the market rises in price, and then calculate the losses when the market starts to fall. Of course, the most important thing here is to choose the right time to make a decision to sell cryptocurrency. Here we have to do it ourselves. In practice, the success of our entire activity in the cryptocurrency depends on this.
1378  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum on the rise: Sell or HODL? on: June 01, 2021, 10:09:02 AM
If you are a long-term player and holding coins for years then this is not the time to sell Ethereum. Wait for the EIP update and also ETH 2.0, because when that comes ETH will be going for an All-Time High. Till then the best thing you can do is convert your ETH to BETH and get daily dividends.
Selling ethereum made sense when it grew in price over $ 4,000, so now you can buy it at this low price. In general, in the medium and long term, as Ethereum 2.0 is gradually introduced, this coin should grow in capitalization and price dominance, and by these indicators it may even surpass Bitcoin. Therefore, this coin is now worth holding for a long term, its price can rise many times.
1379  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is this the end of the bull market of crypto? on: June 01, 2021, 09:19:23 AM
Judging by the fact that the current price drop has been going on for more than two weeks and is very deep, and Bitcoin has stabilized in price at $ 35,000, we can assume that this market has already entered a bearish period. Hopes that the price drop will be short-lived and that this is just another correction have not been justified. Right now, we can only guess how long this period of deep price downturn will last. There is still a chance that this period will be short-lived, but they are decreasing every day. We are approaching the summer season, when traditionally there is a period of relative calm in all markets. It looks like we should already be looking forward to the onset of autumn.
1380  Economy / Economics / Re: Can Bitcoins kill Central Banks? on: June 01, 2021, 08:45:26 AM
Of course, neither Bitcoin nor any other cryptocurrency can lead to the destruction of central banks. The banking system is part of the state, takes part in the maintenance and regulation of economic processes in the country and is actually under the protection of the state. States will destroy anyone who encroaches on their banking system. Therefore, cryptocurrency has absolutely no chance of crowding out banks. Cryptocurrency can exist only along with the banking system and together with the national currencies of states.
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