Latest posts of: Argoo

Quote from: Harlot on January 02, 2021, 08:00:49 PM

I have a big doubt with this, already half of the world or at least most of the develop countries are blaming China when it comes to the spread of the pandemic and China didn't respond well to that after that news we have seen news about factories from other countries such as Japan pulling out their operations from China as a response for what happened. If countries like this start and ask their big companies as well as support them I think they can counter China's growth in being into the top country when it comes to economy.

So far, everything goes to the point that China will soon overtake the United States in economic development. China's economy is growing very quickly and all world states are already seeing this. To prevent China from crushing them one by one, they will be forced to unite and their success will depend on how quickly and clearly they can do it. However, at the same time, each state has a number of its own personal interests and therefore it will be very difficult for them to negotiate.

Quote from: aoluain on March 05, 2021, 12:54:08 PM

I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.

We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.

What will we be using, Chinese Yuan?

or will we be pricing everything in Bitcoin?

The dollar and other national currencies of states always periodically have problems with high inflation, which is sometimes even followed by economic crises. However, they then lead to a healthier economy, and everything repeats itself in the next cycle. Therefore, you shouldn't worry about fiat, nothing will happen to it. The dollar has problems, but they have been, are and will be, and the dollar has existed for more than one century. Bitcoin will have to be valued in dollars, euros, yuan and other currently existing currencies of states for a long time.

Quote from: Coinsfera on February 16, 2021, 07:49:12 AM

If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.

The world is learning more about bitcoin and cryptocurrency in general, largely due to this. that bitcoin is growing in value and has reached unprecedented price heights in comparison with the common currencies of states. At the same time, this is forcing governments to look closely at cryptocurrencies as a possible competitor to their national currencies.
Their central bank stablecoins, although they will to some extent contribute to the popularization of cryptocurrency, however, at the same time, they will also be good competitors to decentralized cryptocurrency as a means of payment.

Quote from: thecodebear on April 12, 2021, 02:07:57 AM

If he was storing his bitcoin himself then he had to store the private keys somewhere. This isn't something for Bitcoin to take care of, this is something for owners of Bitcoin to take care of. It is unfortunate he didn't talk to his wife about how he was storing his Bitcoin.

Therefore, first of all, you need to carefully inspect the workplace of the deceased brother, and then everything where he lived and worked. However, before that, you need to familiarize yourself with the private keys of bitcoin, how it is spelled, what letters and numbers it usually consists of, their number, in order to know what to look for. It is necessary to fully examine his records and possible hiding places, that is, in all unusual places. Of course, as already indicated here, also inspect his computer and all similar devices on which he could work.
Anonymity is a feature of cryptocurrency and therefore only we are responsible for the safety of our wallets and private keys to them. Nothing can be changed here.

Quote from: nak02 on April 09, 2021, 01:14:36 PM

Quote from: YanBitMoney on April 08, 2021, 07:13:18 AM

Just this morning I read the headline from Yahoo Finance call Bitcoin Could Be Chinese ‘Weapon’.
https://finance.yahoo.com/news/paypal-co-founder-bitcoin-investor-215101452.html

We know a lot of bitcoin in China, but if that's true, how can they turn bitcoin into a ‘Weapon’.
How does it affect the world?
And will countries in the future start competing for Bitcoin with each other?

Yan - SnapBots.

China was the one of the most big markets, people and also economy, they have future plans ahead and when you said "weapon" about bitcoins, Do you mean is they can overwhelmed other countries that holding bitcoins also, well in the near future fiat is gone and china knows about that.

So far, China and some other states, such as Russia, use the yuan as a financial weapon to counter the US dollar. Today I just read in the news that after international sanctions related to military aggression against Ukraine and the seizure of its territory by military means, Russia invested a lot of its money in the Chinese yuan, but this has so far led to the fact that it has lost about nine billion dollars from for the depreciation of the yuan. However, she has no choice but to continue investing in the yuan.
Let's see how the official appearance of the digitized Chinese yuan will affect the global financial system.

Quote from: dimonstration on April 09, 2021, 07:25:42 PM

Quote from: MCobian on April 08, 2021, 03:50:19 AM

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

How can an improved financial mechanism for storing and transmitting money over long distances improve the economy of the state? In addition, states are not yet going to use bitcoin in their internal settlements or in contractual relations with other states. Yes, at the level of individuals, bitcoin and other decentralized cryptocurrencies may well help improve their financial situation. However, not so many people still use cryptocurrency, and it is not a lifesaver to help everyone. Investing in cryptocurrency is a moderate risk and many then lose their investment.

Quote from: Binary Bounties on April 09, 2021, 08:25:14 AM

Following the current trend of XRP, irrespective of SEC bombardments against her, XRP still holds it ground in crypto arena. Imagine XRP wining the suit against SEC then XRP dethroning Bitcoin in the nearest future will be inevitable. Just saying!!!

I think it was just a joke. Ripple can't even come close to Bitcoin. The fact that now the price of this coin has risen to one dollar is against the background of the judge's satisfaction of the petition of representatives of Ripple Labs to provide access to SEC materials in relation to bitcoin and ethereum. Therefore, ripple, which previously grew poorly in price compared to other cryptocurrencies during this bull market, slightly increased in price to the level of growth of other promising cryptocurrencies. Let ripple rise in price to at least $ 1000 and have a capitalization at least half that of bitcoin. Then only it will be possible to talk about something.

Quote from: Kakmakr on February 17, 2021, 05:30:42 PM

The moment when Bitcoin really threaten the Fiat system, governments will step in to "ban" it and to protect it. We saw massive bailouts to Banks and the traditional fiat economy when it nearly collapsed in 2018. Do you think for one moment that governments will allow any disruption to take place, without them fighting back?

We will see much stronger regulations and laws being promulgated in the future, to protect Fiat currencies. The other option that they will have, is to develop their own "GovCoin" (They will use tax payers money to fund it and developers will queue to get those government tenders) Roll Eyes

How can Bitcoin cause the collapse of the banking system? Bitcoin does not threaten its existence at all. If the banking system felt this, then the states would immediately react to it very sharply, up to the prohibition of cryptocurrency. Despite various optimistic statements on this matter, the cryptocurrency has no chance of resisting the states. Therefore, it is better for a cryptocurrency to try to coexist peacefully with the currencies of states and their banking system.

Quote from: Vishnu.Reang on April 08, 2021, 12:15:42 PM

Quote from: Argoo on April 08, 2021, 11:17:26 AM

The problem with the Russian ruble will continue to worsen. The world, and first of all Europe, has taken a course towards a gradual transition to renewable energy sources, and therefore the consumption of gas and oil will fall. In addition, Russia is now pursuing an extremely aggressive foreign policy, relying on strength and its military might. And this can only give a temporary effect, which ends in a dead end. Until Russia returns the seized territories of Ukraine, and Putin is not yet going to do this, the sanctions will only intensify and there may be a complete international ban on the purchase of Russian gas and oil. We are now seeing further depreciation of the ruble after Biden called Putin a murderer. This situation will only get worse.

If you think that sanctions will force Putin to cede the territories under Russian control, then you are mistaken. He can't do that, because if he concedes these demands then the strongman image that he has built over so many decades will be lost and his political career will be finished. And I am 100% sure that his successor will be even more aggressive when compared to Putin. Already names such as Ramzan Kadyrov and Seregey Shoigu are being talked about as potential successors to Putin.

Putin simply blackmails the entire civilized world with the use of military force and behaves like a mawpa with a grenade. He is leading a once strong country to impoverishment and disintegration of territory. Japan and China are already determined to start taking away from Russia the territories they consider to be theirs. Really,
if Putin can do it, then why not do it to others with the territory of Russia. The robber must be dealt with by his own methods. We will soon see the fall of this "strong" ruler.

Quote from: noormcs5 on April 08, 2021, 03:49:33 PM

Quote from: Bilgent on April 08, 2021, 01:43:12 PM

After a correction on the price of Bitcoin, it started to increase again and has reached $57k now. Bitcoin is actually still in a bull market but we just don't see another ATH yet. Altcoin season is going on for now and it doesn't seem like Bitcoin will reach a new ATH very soon.

This is not the right analysis about bitcoin. Bitcoin is trying to break the resistance between 58-60K and very soon it will be able to break it. Once this resistance is broken we will see a massive rally towards 75K or even more. Altcoin season may pause for a while as this happen as bitcoin dominance will increase at that time too.

Yes, most likely it is. Bitcoin continues to consolidate and gain strength. The situation so far continues to be favorable for the growth of the cryptocurrency market and after a while bitcoin will be able to continue its price growth. However, I would not risk buying bitcoin at the current high price, even if it continues to rise in theory. Better to wait for its significant fall.

Quote from: KryptoKings on April 03, 2021, 07:15:11 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?

The laws of one state territorially refer only to the territory of this state. Therefore, if you go to the territory of another state where cryptocurrency is allowed, and there you sell your cryptocurrency, transferring it, let's say, into a stablecoin USDT, so as not to transport cash across the border, then from the point of view of the law, I think there should be no complaints. After all, if you go to a country where it is allowed to smoke marijuana and smoke there, then in your country they do not have the right to prosecute for this.

Quote from: davis196 on February 17, 2021, 06:49:42 AM

Institutional investors can't lower the Bitcoin price volatility.Mass adoption across multiple small investors and ordinary people probably can lower the price volatility.
Institutional investors will just buy and HODL in the long term,which will remove some bitcoins out of the market circulation,therefore lowering the supply will increase the price volatility.
On the other hand,mass adoption and using BTC fore more daily purchases will increase the BTC market circulation and probably lower the Bitcoins held by the HODLers.This increased BTC supply will lower the price volatility.

It should also be noted that with an increase in the price of bitcoin, the fear of its holders for their money invested in it will grow. In this case, they will be increasingly interested in price movements in the cryptocurrency market and news that may affect this market. In this case, they will be very sensitive to the appearance of various bad news, and if this coincides with the usual market fluctuations in the downward direction, then it is likely that the manifestation of even slight volatility can turn into a rapid fall and collapse of prices throughout the market. Therefore, I think that as the price of bitcoin rises, so will its price volatility.

Quote from: Kong Hey Pakboy on March 21, 2021, 05:07:55 AM

Quote from: Yurkov on March 18, 2021, 08:48:46 PM

We all learn from mistakes, nobody do it right for the first time. As Warren said, “buy when everyone fears to buy and sell when everyone fears to sell”. In my opinion, the opportunity to buy bitcoin has passed and it’s very risky to jump with huge capital at current high price.

That is debatable, if you are aiming for a short term gain then buying at the current price will yield you with small profits but if you were to aim for the long term then now is the right time to buy bitcoin because overtime bitcoin will grow despite short term dips. It doesn't need to be your mistake for you to learn, the wise people learn from the mistake of the other people.

It seems that now that the price of bitcoin is just below $ 60,000, buying it is quite risky. I think that closer to summer the price of bitcoin will traditionally fall, then there will be a good time to buy it. In the fall, he must continue his growth again.
For now, it's even better to buy some of the altcoins that occupy the top positions in the CoinMarketCap table and have not increased in value too much to date.

Quote from: Sithara007 on February 08, 2021, 03:04:28 AM

Quote from: DrBeer on February 07, 2021, 03:46:13 PM

On oil and gas supplies: besides the global drop in oil prices, Russia has a more significant problem - the loss of markets! The EU is smoothly reducing the presence of Russian hydrocarbons. These supplies are ready to replace the USA, Norway, the Emirates and others with pleasure and at market prices. China is cutting Russian gas consumption and controlling Russian gas prices. All this leads to the degradation of the economy.
I recommend either to study the issue more fully (if you did not know), or to publish comprehensive information, because easy to spot "deliberate hiding of inconvenient facts" (if you tried to manipulate data)

If the economy is based on a single asset, it will always be vulnerable to price changes and drop in consumer demand. The EU nations have a policy of moving towards renewable sources of energy, so in the long term it is very likely that the import of Russian gas/oil to these countries will taper off. The Nord Stream 2 pipeline has cost more than $10 billion till now, and it is not known whether they will be even able to complete it's construction. The Asia-Pacific market was promising, but the Russian government ignored it during the early phases. And it always surprised me that being the largest country by surface area in the world, Russia had to import most of its food requirement. This is what focus on just one commodity can do to you.

Quote from: Kakmakr on April 07, 2021, 03:18:09 PM

I see a future where there will be a clear division between "public coins" and "gov coins" and where there will be regulation written to curb the spread of "public coins" and a "no restriction" type of regulation for "gov coins"

So you private coins will have to adhere to very strict regulations to strip all anonymity to make it legal and you will have a centralized authority handling all "gov coins" like the Central Banks. Angry

That us the future, where "Pseudo Anonymity" will die a quick death and most people will have to turn to dark markets to use them. Wink

It is quite possible that it will be so. Over time, states will strengthen the legal regulation of cryptocurrencies. Especially general purpose coins, the main function of which is their use as a means of payment. Tokens serving a specific type of business should be less heavily regulated. And private and commercial stablecoins, which use the currencies of states as collateral, may eventually be banned altogether, since they will directly compete with the digitized currencies of these states.

Quote from: aubert on April 08, 2021, 08:12:41 AM

He meant it as a weapon that could be used to dethrone USD and threaten fiat in general, but that's just his opinion so no need to think about it that much.
However, that could also be stopped if the US also participate in the cryptocurrency war instead of letting China stockpiling the crypto alone. But, I don't think it can be used as a weapon to attack an economy as easily as it was pictured by this paypal cofounder.

It is difficult to imagine how such a "weapon" can be used. Let's say the Chinese government has started to actively buy bitcoins. And then what? I do not see that other states are interested in purchasing bitcoins. And without such interest, such a weapon will not work.
At the same time, while we see the complete passivity of the Chinese government in relation to both bitcoin and cryptocurrency in general.

Quote from: Zilon on April 07, 2021, 07:49:01 AM

Ripple has meet the expectations of many investors. Congratulations to XRP investors. We are still expecting a $10 breakout before the end of the second quarter of the year. More predictions are still arising and many has started acquring more coin.

With the current rise above $1 we should be expecting more spike because the breakout will cause massive buy position by traders and investors. What's your analysis. Would XRP still make series of higher highs and higher lows. Or should we be expecting a range market at the moment?

Ripple will under no circumstances be able to rise in price to ten dollars by the end of the second quarter. Even the current surge in the price of this coin to one dollar is most likely deliberately organized, since there were no obvious reasons for such a rapid growth. And although now the price of bitcoin and the entire cryptocurrency market has dropped slightly, however, the price of ripple began to decline even before this general drop. Now it is already 0.92 dollars. Therefore, I believe that soon the price of ripple will return to its usual value and will grow along with all cryptocurrencies following Bitcoin.

Quote from: plexasm on April 07, 2021, 05:52:15 PM

Quote from: tsaroz on April 07, 2021, 05:04:24 PM

Quote from: Natsuu on April 07, 2021, 04:46:42 PM

Quote from: bitcoinst on April 07, 2021, 04:27:34 PM

I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

ETH is good in many aspects. The only problem is the high gas fees. That fee's will actually drain your earnings.

There have been talks of improving the blockchain through gradual progression to POS. But the ultimate putdown on Ethereum more than the speed is fees, specially when you are interacting with a token. Like Tron energy, Ethereum needs to address this probem by implementing some ways to make tokens transaction gas free. Till than, new projects and people would keep on moving to competitive platform while Ethereum remains a manipulative coin.

you'll need to wait until about 2024 before they can address the fee issue (Phase 2 ETH2). the only ETH competitor that matters is BSC, and it's a huge problem for them

You don't have to wait until 2024. The problem of high transaction fees on the ethereum network should be resolved in a few months, namely in July. In addition, the Ethereum 2.0 improvements have been calculated to be implemented over a two-year period. However, Buterin recently announced that the overall renewal period for the ethereum network is shortening. So the update should end next year.
However, there is a problem with high fees and it is because of this that the growth of the ethereum price is still relatively slow. I hope the situation will improve a lot by the fall.

Quote from: Ludmilla_rose1995 on March 31, 2021, 07:31:46 AM

Nobody can ban bitcoin and cryptocurrency including the government. My country has banned bitcoin many times, but what the government did was in vain. We keep using bitcoin and continue to trade bitcoin. Some of the biggest crypto exchanges like Binance are not accessible in my country, but we can do it using VPN.

Most states have not yet finally decided on their attitude towards cryptocurrency, and even those that have done so may still change their attitude towards it. Therefore, in the future, everything is still possible. I think that over time, states will regulate the circulation of cryptocurrencies more stringently, but whether there will be an attempt to ban them, this will depend on many factors that are now impossible to predict.
Now the attempts of some individual states to ban the circulation of cryptocurrencies have not been crowned with success. However, if such a decision is made, say, at the G20 level, it will be much more difficult.

That's quite possible. In the media of Ukraine, sometimes there is information about the possession of large amounts of bitcoins by some deputies of the Verkhovna Rada of Ukraine. So, a few days ago I read that the Urbansky deputy has more than 4000 bitcoins.
In Ukraine, laws on the regulation of cryptocurrency have not yet been adopted, however, about six different bills in the country's legislative body are very loyal to cryptocurrency, and some of them even establish the absence of taxation on the use and making a profit in cryptocurrency. Probably, Ukrainian officials do not want to complicate their life.