Latest posts of: Argoo

The OP idea is not feasible. The global economy will not collapse, if only because Bitcoin will never be the only money in the world. Even if peace came to the world and the states lived together and without wars, they would never give up their national money and would not accept bitcoin as the only world currency. Moreover, this will not happen if the states continue to conflict with each other, or at least conduct economic rivalry.
If we assume that Satoshi owns more than one million bitcoins, about 19 million of them were mined, about 8 million were lost, then Satoshi owns no more than ten percent of the bitcoins in circulation. It's not that much.

No one can guarantee that bitcoin will rise in price in a year in comparison with the current price. Even the fact that while, in general, bitcoin is growing in value every year, this is also not guaranteed for the future. Investing in cryptocurrencies, including bitcoin, is always associated with moderate risk. Therefore, it would not be entirely correct to say that bitcoin holders in a year or a few years will become richer. This may or may not happen.

Now the cryptocurrency market has become more mature and therefore differs from what it was in 2017-2018. Large business structures have entered the market, and even some government agencies are showing interest in bitcoin. They invest in cryptocurrency more deliberately and will be subject to less panic, so there should not be such a sharp and deep fall in cryptocurrency, as it was in mid-2018. It is likely that now we can expect a further rise in prices in the cryptocurrency market, and this growth may still continue for a long time.

Quote from: CarnagexD on February 10, 2021, 10:51:10 PM

Guys, I cannot emphasize this enough, printing more money or in this case creatung more money does not mean becoming richer. And even if the US government does venturr in the crypto and decides to create their own token, it's going to be pooled into their supply otherwise the USD will be inflated and will not be as powerful as it is now. So no, I do not think this will solve their economic issue.

On the one hand, a digital or digitized dollar will still be the same centralized state dollar, however, for the state and for its users, it will be much more economical and faster to walk, as well as much more convenient to use. On the other hand, like any non-cash currency, the digitized dollar will allow the government to control the financial flows of citizens more tightly compared to cash.
The US government is in no hurry to release its digitized dollar; they prefer to observe the similar experience of other states.

Quote from: Ucy on March 31, 2021, 03:46:28 PM

Ofcourse. Inflation is simply caused by not having enough goods/services to meet their high demands.
Printing lots of money and using that to spend on goods/services without producing enough of the goods/services could increase demand and cause their prices to inflate,and the money will likely lose value against the goods and services.

It can hardly be said that inflation is caused by a shortage of goods and services. In any case, this is not the main reason for it. The main cause of inflation, as a rule, is the printing of more cash than the increase in the gross domestic product allows, that is, in other words, if much more money is printed than during this time material values that can be in civil circulation are produced.
The general opinion is that inflation in the currencies of states should positively affect the liquidity and price of cryptocurrencies, due to the fact that people will invest in it as a non-inflationary means.

Quote from: blockman on March 30, 2021, 08:43:58 PM

The common reason why BSC is better these days is because of the fee.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.

It's not worth comparing these two platforms with each other now, because ethereum is now in a state of complete renewal. Yes, the ethereum network was created in 2015, when there was not such a large user load. Now the ethereum team is solving these issues, including with high transaction fees, but this will take some time. Ethereum will be updated, and then we will compare.

Quote from: soenan on March 30, 2021, 04:57:34 PM

In my opinion crypto is on track to become more valuable than gold in this decade as its reputation as a store of value continues to grow. Bitcoin has reached its speed, so now, I have confidence that it will surpass gold in market cap for this decade

So, let's say bitcoin outperforms gold, and then what? After a while, the price of bitcoin may again fall below the price of gold, then it will again rise above it. And gold will always have high price stability.
High technology is very vulnerable and cannot be completely relied on. Something will happen and they may disappear in an instant. I mean the same internet. They can create special weapons and all Internet satellites fall, and with them all electronics will fail. And gold will always remain gold.

Quote from: MuffinMaster on March 25, 2021, 02:11:42 PM

Thats really an interesting question and honestly I have never thought about this until now. Well if stable coin fails then all our holdings in stable coins will gone. But thats very unlikely since stable coins like USDT are very much centralized.

Centralizing stablecoins does not save the team that issued the coins from bankruptcy and other similar troubles. Stable coins must be backed by specific currencies or national currencies. However, the state itself does not support the existence of this stablecoin. Moreover, this state may even prohibit the stablecoin team from using its national currency as collateral for any other person. Therefore, if something happens to a stablecoin, all its holders will lose their money invested in it. The risk of losing their money lies with the holders of these stablecoins.

Yes, it is interesting to reread messages written in 2013, what were the sentiments then, problems with cryptocurrency and prices for it. I hope that this correspondence will not be destroyed over time for any reason and will forever go down in the history of cryptocurrency. After all, over time, people will not remember and know how the cryptocurrency appeared and what problems were discussed then.

Quote from: RussianEnglishTranslation on February 19, 2021, 05:47:10 AM

Quote from: motun01 on February 18, 2021, 09:40:43 PM

I have been investing in cryptos for some years now and i always have to fight a battle with myself whenever i sell some of my cryptos or close my positions in a trade and the price continues to go higher.

Sometimes i regret selling, while sometimes i just try not to look at the particular crypto anymore to avoid having regrets.

Do you also encounter this? And how do you deal with it?

You can never time the market perfectly. The fact that you sold and could have sold for more money is psychological. You could make the argument that you are taking out your initial capital and only trading profits, which would be a very smart thing to do. I would never take out more than 10% of my crypto investments though, blockchain is the next internet.

Despite the fact that some write that it is possible to calculate the price movements of a cryptocurrency, I think that this can not be done in all cases, which means that from time to time we will still regret selling the cryptocurrency when it starts to rise in price after that. This should be treated as normal work situations that will inevitably repeat itself. But we are human and have emotions, so regret is okay too.

Quote from: btc-facebook on March 29, 2021, 11:21:39 PM

What you said is true, polkadot was ranked 3rd in market cap a few weeks ago, but it didn't last long.
Polkadot has extraordinary technology and also low transaction fees, this is the reason many people assume Polkadot will kill ethereum, but I see that Polkadot's vision and mission is not to kill ethereum, but rather want to be another version that is more perfect than ethereum.

We don't need to rush to evaluate and compare these two coins just yet. It is necessary to wait for the Ethereum update or at least three more months until the problem of the high level of transaction fees on the ethereum network is resolved in July. It is not very correct to compare these coins when there are temporary difficulties in ethereum.
After the update within the framework of Ethereum 2.0, it will already be a completely different coin, with improved characteristics, and then it will be possible to compare it with others.

Quote from: Westinhome on March 29, 2021, 09:20:10 PM

I did not feel right now the bull run of altcoins because of these some of my altcoins that I have in my blockfolio are still in low of price.
But some altcoins that not have was experiencing a bull run right now and some of them a altcoins that was I trade early so thats why I frustrated of why I trade it for a low of price but I dont blame my self because on that time I just need some money cause of this lock down in my place.

The growth of altcoins this year is very different from the same growth in the second half of 2017, when almost all altcoins were growing in price. Now only those that have perspective are growing and this is more acceptable for the cryptocurrency market. However, in general, the growth is still good, for a longer period of time altcoins are colored green. Regardless, I still have hope for the altcoin season after the relative stabilization of the bitcoin price at its high price level.

Quote from: chaoscoinz on February 22, 2021, 09:51:38 PM

Personally, I'm thankful I didn't make any trades today whatsoever, phew Undecided

. I've been here for quite a few years and still haven't taken the big plunge and switched over to crypto from of fiat. Today's dip and others like it are probably a good reason (just guessing) why institutional investors also haven't decided to go balls in.
Speculators play it safe, but they say, the less of the risk, the even lesser the reward.

Institutional investors are simply rich players in this market. They invest in bitcoin only for the purpose of making a profit. The general expectation of a significant increase in the price of bitcoin has captured them too, but they can just as quickly leave this market as they entered. It should be admitted that bitcoin today is mostly a speculative asset. This is not good for the cryptocurrency in general. The high price of bitcoin arouses people's interest, but increases the risk of losing funds.

Quote from: Tekunda on January 12, 2021, 04:06:13 PM

If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.

This reasoning has a certain meaning. Indeed, now the price of bitcoin is quite high, over $ 55,000. Further increases in its price will be more difficult, and the risk for bitcoin holders will be more and more. People will worry about the large amounts invested in bitcoin, and with large price fluctuations, panic is likely. It will largely depend on how large the volatility of the bitcoin price will be, both this year and in the next few years. With high price volatility, the fear of bitcoin holders will be much higher. This will hinder its further price growth.

Quote from: kryptqnick on March 28, 2021, 04:59:29 PM

Quote from: testabcde on March 18, 2021, 03:29:06 PM

10 years ago people were discussing..

Quote

Anything lower than 10, I buy buy buy...

https://bitcointalk.org/index.php?topic=27282.msg56581970#msg56581970

Now we're discussing 40000, 50000, 60000.

The price has grown unbelievably, that's true. But why the central bank of central banks phrase, what does it mean? I'm not sure how I feel about such a comparison because Bitcoin is nothing like a central bank. It's decentralized, the supply is limited, there's no single entity in control of the distribution of money, the price is not regulated by anyone. I just don't understand how a type of money can be compared to an institution. And if you mean that Bitcoin will beat the central banks, I also have to disagree with you because while Bitcoin is very impressive and massive in its own way, the reliance of people on fiat and banks is IMO too strong for Bitcoin to be able to replace them.

It is also not clear to me what comparing bitcoin with the central bank means, and even among the central banks of states.
The nature of bitcoin is completely different from banks and their currency. Banks may provide some services in cryptocurrency, however, cryptocurrency will always occupy a special place among other currencies in the world. Banks always tightly control the circulation of currency and their owners. Cryptocurrency is distinguished by decentralization and relative anonymity of their owners. Therefore, banks and cryptocurrency should not work closely together.

Quote from: TravelMug on March 27, 2021, 01:28:35 AM

Let me quote from the article:

Quote

According to Pal, Temasek which holds about $306 billion in assets under management, has been buying virgin Bitcoin from miners.

And this is the company:

https://www.temasek.com.sg/en/index

And it is own by the Government of Singapore, and we all know that Singapore is one of the most crypto friendly countries. Interesting to see how much they are willing to invest on bitcoin though, it said they manage a net portfolio of $306 billion, that's huge, but I speculate that they could be just testing some grounds on bitcoin and could be investing in millions initially.

I am a little surprised by this news, because I thought that governments would not show interest in buying bitcoins. This contradicts their nature, and the general strategy of most states in relation to cryptocurrency has not yet been formed, they are unlikely to massively buy bitcoins.
At the same time, Singapore has always been distinguished by a positive interest in all new technologies, including a friendly attitude towards cryptocurrency, and many new cryptocurrency companies registered and launched their projects in Singapore.
Cryptocurrency is developing rapidly and the attitude of states and their governments towards it can also change. Well, let's see what happens next.

Quote from: Sanitough on March 20, 2021, 09:41:50 PM

Quote from: goldade on March 20, 2021, 09:34:40 PM

There is always a correction for every bullish and bearish trend. It just depends on how much of a correction happens. Sometimes, the correction is not major as to cause significant changes in the direction of the market price.
It is however advisable that one should be able to discern and know when a major correction is impending so as to get out as soon as one can. It is only imperative to understand these things so as not to stay on a losing trade

OP is looking for a major correction that will likely be a "market crash" scenario, just like after in the bull run in 2018, there's a long correction happened which we don't witness yet this time.

Nowadays, the correction in the cryptocurrency market happens quite often. However, it is not as deep and lengthy as some would like it to be. Now the reasons and conditions for the growth of the cryptocurrency market are very different from its growth in 2017-2018, so you should not expect the same price drop in the market as it was in 2018. Those who have sold their bitcoins and other cryptocurrencies at recent high prices and have made good profits may still lose out compared to those who still hold them. The market is still able to grow further.

Quote from: hulla on March 11, 2021, 02:43:55 PM

I agreed with John Danielsson because there will never total equality in this world and it will be nice if we face this fact and don't lie to ourselves cause only people who make proper use of the opportunities around them will thrive not only in Bitcoin investment but in all investment setting.
Bitcoin will never equalize fiat currency because Bitcoin posed the innovation, potential, liberation, and opportunity every other currency cannot pose.

Already at the current bitcoin price of about $ 60,000, only a rich person can afford to buy a whole bitcoin. The larger the amount of investment in it, the more profit the investor can get in the future. This is the same as in conventional markets.
So far, only those who have previously foreseen the prospects for the development of cryptocurrency have won and purchased it at low prices. In the future, the rules of the stock and securities market apply.

Quote from: Upgate on October 02, 2020, 06:06:29 PM

How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible

States have very broad powers and capabilities in relation to the circulation of cryptocurrencies. The financial sphere has always been the sphere of exclusive powers of the state, here they dictate their conditions.
We see ripple's price drop immediately when the SEC filed a lawsuit against two Ripple Labs executives last December. In addition, cryptocurrency exchanges located in the United States have also refused to trade this coin. This is despite the fact that the SEC has no complaints about ripple itself. So the opportunities for governments to influence a decentralized cryptocurrency are enormous and should not be neglected.

Quote from: a_6apcyk on September 19, 2020, 12:08:59 AM

Quote from: Argoo on September 18, 2020, 04:08:49 PM

As long as there is a decentralized cryptocurrency, governments will try to control it as much as possible. This process of confrontation will last for a very long time, since, indeed, the cryptocurrency has many opportunities to resist such control.
Over time, a certain golden mean should be worked out in this matter, which should generally suit both cryptocurrency owners and the government.

But what form this golden mean will have? What do you think ?

I think that state control over cryptocurrency can be organizational, without interfering with the nature of its functioning. States may well determine the conditions and procedure for the circulation of cryptocurrency in society, determine its legal status, the procedure and amount of taxes on profits when using it. However, the conditions of circulation and the amount of the determined tax may also be different, and here states, if they wish, can abuse their position.