Latest posts of: Argoo

It is strange that some still believe that bitcoin or another decentralized cryptocurrency can replace the currency of states. They probably think that states and their governments will just look at it and do nothing, even if it were possible. First of all, cryptocurrency is not capable of doing this. And secondly, the states will not allow it. Therefore, the cryptocurrency has absolutely no chance of crowding out the regular currency.

Periodic restrictions on bitcoin mining have been happening in China since 2017. The questions to which countries miners left China to continue their activities have already been discussed more than once. As far as I remember, these were some areas of Canada, Belarus and Kazakhstan. Therefore, the remaining miners should already have a backup plan in case of a complete ban on their activities. I don’t think that this prohibition will significantly affect the price of bitcoin. It has been mined and will continue to be mined even if it is not in China.

Quote from: nightxglow on March 06, 2021, 05:32:55 PM

Actually bitcoin is already a leading cryptocurrency, and although it may not be a world power yet, it's quite dominating in the cryptocurrency world. And with these trading influencer spreading words about bitcoin like how it is this time, i think it won't take long until bitcoin becomes more well-known and used by many people. Although i might say, making government supporting bitcoin is a hard task, especially if we want world power where it must be done worldwide. Sadly, even now there are still many countries banning bitcoin, so it still take a long way to go.

A state in which there would be a decentralized cryptocurrency as national money does not exist and cannot exist in principle, because the state and decentralized finance are incompatible. So I don't understand the idea behind this post. Bitcoin will never be associated with any state. Bitcoin as a world power is a slogan that has no practical meaning.

Quote from: Lorence.xD on March 09, 2021, 07:16:47 AM

There isn't a lot of difference with CBDC and cryptocurrencies so I think that we won't be resisting to any changes related to this. I think that it is good that CBDCs are being introduced but I think that they should be tested first and have some experiments at a small scale so that whenever the chance of failure were to happen they don't have that much of a damage.

This issue will largely depend on the position of the states that will issue their CBDCs. It should be noted that not all stablecoins of central banks of states will even use blockchain technology. So, the Chinese digitized yuan, which will appear soon, will not use blockchain technology and we still have to study how it will interact with cryptocurrency. So far, there is very little information about this on this forum. Most likely, they will not actually relate to cryptocurrency, although they can interact with it.
However, in general, CBDC can be used as we currently use private stablecoins. The only difference will be in their owner.

The problem is that Bitcoin is expected to continue to rise significantly in value. Because of this, it is simply impractical to use it as a means of payment, especially for small transactions due to the decent transaction fees. There is no point in using bitcoin as money if its price continues to rise. Only after it ceases to grow in value at its current rate, will it be used as money for large transactions. However, then the question arises: if he is left with a large transaction fee, what is the point of using bitcoin as money if there are thousands of altcoins at the same time, in which transaction fees will be very low or none at all?

Quote from: TOM Bb on May 25, 2021, 06:57:01 AM

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

Bitcoin can drop very much in price, but it is unlikely to ever drop to zero. Even if this happens and bitcoin loses a significant part of its price, this means that its holders will suffer very large losses. However, the world of cryptocurrency will not collapse, there are already more than ten thousand altcoins and many of them are quite useful and convenient for people. Altcoins will already exist anyway, even if something happens to Bitcoin.

This cannot even happen theoretically. Governments are actually completely uninterested in gaining control over a decentralized cryptocurrency. They will use their own currency exclusively, including the stablecoins of their central banks, or other similar state currencies, or even regional stablecoins of states for international payments.

Quote from: Princejebs on February 11, 2021, 12:29:45 PM

I'm very much aware that all tech are into investment for the benefit and interest as well as the technology behind such investments.
Bitcoin is now a hot cake that every institution now want to get their self involve with all with sole aim of the profit and not the tech.
Just like the way PayPal integrated in their platform,,l they claim it was backed but I wonder why they didn't directly allow customers to trade real Bitcoin, withdraw and deposit.

Visa and other similar companies run little or no risk. They take their percentage of the transaction in any state of the cryptocurrency market. Therefore, for them, using cryptocurrency in their cards is a good profit. Of course, such activities will develop, because they are also mutually beneficial for people. After all, new opportunities are opening up to increase the liquidity of the cryptocurrency. Over time, I think, competition between similar companies will even grow and this is generally not bad.

Quote from: Febo on February 24, 2021, 02:00:49 PM

Quote from: mcun2000 on February 09, 2021, 09:22:22 PM

So, I have small amount of cryptocurrency I bought and mined over the years and will HODL, but I am seeing news articles and advertisements about earning interest on my coins. And the returns are not bad--5 to 7% per year.

How much is it worth to you 5-7% increase in a year when value of coins you have goes up and down 5-7% almost every single day. Nothing! Better focus in most secure ways to store them And properly hedge.

It should be borne in mind that if we transfer our cryptocurrency to some company and something happens to it or to our cryptocurrency, we will simply lose it. There will be little or no chance of a refund to us, save for the goodwill of this company. Indeed, a few percent of the annual profit is too little for a cryptocurrency, when such a profit can sometimes be earned in it in one day. Even a very rare occasional trade in it will bring much more profit. I'm not risking that way yet.

Quote from: Stedsm on March 22, 2021, 08:40:07 PM

I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.

It doesn't really mean anything. Cryptocurrency has become more interested in terms of its price increase and frequent mention of it in the media. However, states will never switch to using a decentralized cryptocurrency. It is already clear that instead of cryptocurrency, they will use their digitized central bank currencies.
There has always been war and rivalry between the currencies of states and it will continue regardless of the availability of cryptocurrencies. But the states will always have cryptocurrency in the background after their own currency.

Quote from: wxxyrqa on March 21, 2021, 04:12:31 PM

I think that society must first of all understand that cryptocurrency will give them independence in the first place, unlike fiat money. If over the next 10 years, the capitalization of bitcoin increases by an average of 10 - 20 times, then this will provide an opportunity to get a stable price of bitcoin and then we will be able to see the real advantages of cryptocurrency over fiat funds. It is then that people will begin to actively leave Fiat and switch to Bitcoin, since stable Bitcoin is not only a reliable asset or means of payment, but also a safe storage

Even if the capitalization of bitcoin increases ten or twenty times, it will not bring bitcoin to a stable price. Decentralized cryptocurrencies, by their very nature, cannot be price stable. On the contrary, we see that the higher the price of a cryptocurrency, the more it exhibits the possibility of price fluctuations.
In addition, a stable in price bitcoin in this market will be unclaimed, since it will not be able to make a profit. Hopefully, we can never see Bitcoin price stable.

Quote from: Kong Hey Pakboy on May 24, 2021, 06:50:32 AM

For short-term, I do agree that hodling is not the best option but in for the long-term, it is a different story. So to summarize, hodling being the best option or not depends on how long you are going to invest.

Everything is relative. So far, in the Bitcoin situation, long-term retention has been a good tactic for making a profit. However, Bitcoin will not go up in value forever. As its price increases, so does the risk of using such tactics. Therefore, it is still better to sell bitcoins after their prolonged price growth and buy when large price drops. The most difficult is to choose the time for these operations. After all, price movements in this market are difficult to predict.

Who will tell you when we will have Graphene tokens in our wallets along with GFN? Will it happen on June 6th?

Quote from: wahyu wida on May 21, 2021, 01:47:17 AM

Quote from: secretgirl on May 20, 2021, 03:23:36 PM

no one will ever know for sure what will happen next. but I wouldn't say the 2021 bullish period is over. Maybe now is an opportunity to buy and always believe that the market will definitely go up again. everyone certainly does not believe what is happening at this time, and I myself do not know exactly what is the cause of all this. But I still believe that the market will be bullish again.

from 2018 we saw a bull market until 2021 and starting 2018 many people were frustrated because of the dump, will this year happen again? no one knows for sure the future movement, for sure we have to believe in ourselves, so that if the market is not according to our wishes we will not be too frustrated with the path we choose

It's only May now. In the summer, usually in the second half of it, business activity in all markets traditionally dies out. Therefore, if the market does not recover in the next month, then it has a period of summer time to consolidate the uptrend. The first half of this year was very good for the participants of this market, then I expect the next wave of price growth in the autumn-winter period anyway. Just by this time, several stages of the ethereum update will occur and this coin can serve as a catalyst for the next wave of price growth.

Quote from: Cling18 on May 21, 2021, 02:20:05 PM

If they bought Bitcoin at an expensive price, then holding will be the best thing that they can do. The market is volatile and panicking during every dump will only ruin your investment strategy. Panicking and selling at a low price would only cause losses which we should avoid by having patience. That's why they always say that Bitcoin investment isn't for weak and emotional people.

Bitcoin and cryptocurrency in general have been growing in price for almost half a year. In December, Bitcoin broke the previous record price of $ 20,000 and rose to $ 64,000 by May. With this in mind, buying it for over $ 50,000 was already quite risky. We always say that buying a cryptocurrency when it has been growing in price for a long time and, perhaps, is at the next peak of its growth, is not a very good decision. The current drop in prices in this market is absolutely logical and predictable. Price growth is always replaced by a fall, and a fall - by growth.

Quote from: Desscount on May 21, 2021, 11:49:49 AM

Quote from: Hovarda on May 21, 2021, 05:59:28 AM

$ 6,000 seems hard for now. but, it is likely to happen in the future. Eth continues to evolve and grow. The decline in the market has panicked people, but I think this will be compensated. However, as always, caution should be exercised when investing.

Yes I agree to see the current conditions it seems difficult to break through $ 6k,
with the downturn in the market some people panicked and I think it's only natural
I hope the market can recover soon and of course it will take time

We see that planning in cryptocurrency, even for a short time, is almost impossible. The market was growing in price at a rapid pace, and in one day everything changed. So far, we are dreaming not of ethereum going up in price to $ 6,000, but of at least recovering this coin at its previous price, which was before this last drop.
However, in any case, we always have a good autumn season ahead of us for price growth in this market. After ethereum renewal stages in July and October, this coin should rise decently in value this year. I think that even $ 10,000 for it may not be the limit by the end of the year, given favorable market trends.

Quote from: Abiky on April 09, 2021, 08:52:20 PM

It is said that Bitcoin is the precursor of the "One World Currency" that will be used in a "One World Government". In the past, it has been predicted that a "One World Currency" would come into fruition as the current monetary system collapses in its entirety. It is today where we have Bitcoin, a Peer-to-Peer digital cash system that's decentralized, used globally by many people worldwide. Essentially, Bitcoin is a "One World Currency" although not backed by any government or trusted entity of any kind.

What do you think? Is Bitcoin the "One World Currency"? Or will another currency take its place in the future? If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan? Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks

In our world, even now there is no single world currency and it is unlikely that it will ever be. There have always been, are and will be conflicts between states, taking into account various political, economic, religious and other interests. Since the dollar claimed such a role, the countries of Europe united and created their own euro, China is now strengthening its yuan and wants it to be an international currency in the Asia-Pacific region, for which it is creating its digital yuan. That is, we see that states do not seek to have a single currency, they prefer to use regional currencies in international relations. However, such currencies definitely cannot be a decentralized cryptocurrency for states.

Quote from: BTC_Mouse on May 19, 2021, 02:55:06 PM

After 13 March 2020, This is Another Horrible Day In History Of Bitcoin

THE DAY I CAN'T FORGET
19 - May -2021
The Black Wednesday

Everything is relative. Those who bought bitcoin in mid-March 2020 after it fell at a very low price, in the end, do not consider this time to be bad for the cryptocurrency, since they made a very large profit. And this current deep drop in the price of bitcoin has been eagerly awaited by some for further purchases. In times of great price fluctuations, the market comes alive. It no longer really matters where the market is moving - up or down. We need to learn to understand the work of this market and use any of its price movements.

Quote from: arapgeceleri on May 18, 2021, 11:03:10 PM

For years, China has been constantly looking for a way to ban bitcoin. There will even be those who remember, he was constantly manipulating the market with the news about banning bitcoin in the 2017-2018 bull season. When a news headline “China banned bitcoin” was published, the market was going down. I hope they will return from their ban, which is not a good thing for both the market and Chinese investors.

It is unlikely that the Chinese authorities seriously fought with the cryptocurrency and its distribution in the world. Certain restrictions exist for government and especially financial institutions. Citizens still do not have any significant restrictions on the use of cryptocurrency. Restrictions were imposed on the activities of cryptocurrency exchanges in China and the illegal use of cheap electricity when mining bitcoin. Therefore, it is hardly worth saying that the Chinese government intends to ban the circulation of cryptocurrency in the country.

I see no reason to even doubt it. Institutional investors are businessmen like everyone else, only larger. They also invest in cryptocurrency to make a profit. This means that they can also sell it at any time, if they deem it necessary. It is generally accepted that institutional investors buy cryptocurrency for a longer period. This is partly true. They have much better planning than an individual and urgent purchases are less common. However, all the same, these are the same business entities as others.