Latest posts of: Argoo

Quote from: NatureMoves on March 17, 2021, 03:59:06 PM

I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg

Do you think Ethereum has potential to become store of value? Why or why not?

In my opinion, there is no need to strive to ensure that ethereum mainly acts as a store of value, as Bitcoin does now. The main purpose of a decentralized cryptocurrency is to be an alternative means of payment to the current payment system. However, any type of money includes all functions, including a store of value and value. But the function of the means of payment must be decisive.
I don't think there is a real threat for ethereum to become like Bitcoin. Thousands of tokens have been created on the ethereum platform, the movement of which requires payment with this coin. Therefore, there will always be an ethereum movement.

I think that the authority of Satoshi Nakamoto after such an act in the eyes of many would have fallen very much. If he is still alive, he probably understands this and will not do such a stupid thing. He has the ability to sell some of his bitcoins without needing money and remain anonymous.

Quote from: livingfree on March 26, 2021, 04:51:01 PM

If they are about to ban it, they should've done it before long time ago. IMHO, it's too late for them to ban it if they really want to get rid of it and avoid their citizen's attention being into it.

Too late in a sense that they see the importance of bitcoin because of its price and value. A country that's try to recover because of the pandemic will have its time to consider and avoid banning it as much as they can.

Over time, it is impossible to completely exclude the possibility of a ban on cryptocurrency by states. The current position of the G20 countries was that cryptocurrency does not pose a threat to global financial stability. However, they can reconsider this position, and there are already calls from some high officials to do this. Until now, many states are looking at cryptocurrency.
Of course, the fact that large business structures invest large sums in bitcoin is a big plus for cryptocurrency. However, not one hundred percent guarantee.

Quote from: molsewid on March 26, 2021, 02:45:37 PM

Quote from: Alohadanc3 on March 20, 2021, 01:06:29 PM

Yeah for last few months ethereum gas fees was just sky rocketing. And day by day it's also increasing. For defi and nft many transactions are happening on the chain. And ethereum price is also hike. I think there is nothing to do but wait for the ethereum 2.0 to come to this space. Tillbthen we have to pay this kind of high fees. Hope ethereum 2.0 will come as soon as possible.

It seems that the price of Ethereum was the one that should sky rocketting and is a must thing to grow high but this happened oppositely. So yep, up until now the main concern of ethereum investors and traders was its transaction fees that was totally too high enough that you may second thought if you were going to made any transactions or not, if not really needed i bet that none of them would take risks to make any transactions. Hoping that Ethereum 2.0 can make it's transaction fee lower than the today.

The current ethereum price is indeed comparatively very low. Compared to the price of Bitcoin, ethereum should now have a price of over $ 5,000. The reason for this condition is the high level of gas for transactions in this network. Some campaigns, including AMEPAY, are still hesitant to pay out part of their tokens to bounty company participants because of this. However, this is a temporary problem and, as Buterin assured, this problem should disappear in July. So, if possible, we should give up making small transactions on the ethereum network for now.

Quote from: bitbollo on February 22, 2021, 01:29:42 PM

I don't know if it's just a matters of time, but this "crypto" revolution is lasting from few years in Venezuela.
Probably the problem of the country isn't just a monetary issue but it's also related to the whole management of the situation.
For sure this is an huge success for crypto currencies since we are seeing a "real world" use case that has really helped some people.

Money itself doesn't mean much, even if it's a cryptocurrency. The social order is not changed by currency, but by people. If people want, they will take down any power over themselves. President Maduro even began to pay pensions in bitcoins. However, this does not improve the economic situation in the country, since, first of all, it is necessary to properly organize the management of the country's economy.

Quote from: aoluain on December 28, 2020, 12:01:25 AM

My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

As an investment Bitcoin is a very friendly asset for the nit so wealthy classes. There
is no minimum purchase amount and each and every one of us gets to hold our investment
if we want.

We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from
the people who need it and into the people who control large portions of wealth.

A bit of a conundrum...

The high price of bitcoin is not really a big problem for those looking to invest in it. Everyone can start with a certain amount of satosh that they can buy. Even with a bitcoin price of $ 60,000, one dollar can buy 1,666 satosh. With the price growth of bitcoin, its price proportionally grows and its constituent parts - satoshi. So far, everyone can catch this train. True, no one can say how high he will rise. It all ends someday. The main thing here is to jump off it in time.

Quote from: Scripture on March 23, 2021, 11:52:21 AM

Quote from: BitcoinivaX on March 22, 2021, 07:05:37 PM

Some are afraid that we will return to zero, and every year we move away from it. Over the Past 300 Years, No Fiat Money Has Escaped Going to 0
Listen https://podclips.com/c/maVy2k?ss=r&ss2=bitcoin&d=2021-03-22

There's a lot of fiat money that become worthless because of growing technology and of course, central banks are improving the fiat system and that's why many are just part of the history and no value anymore but of course fiat money will remain on our system and it will never be replaced. Many believes that Bitcoin will replace fiat currency, and for me this is just a hype because government will not allow this one and many are still not knowledgeable about bitcoin, so it wont happen in the near future.

I agree that fiat currencies will not be supplanted by anything, including cryptocurrencies. The states tightly control this and will not allow anyone to do this.
The national currencies of states can be subject to varying degrees of inflation, but in principle it cannot fall to zero. After all, it is provided with the material assets of the state that are in circulation. It also cannot become useless due to the development of new technologies. In any case, I do not know of such examples.

Quote from: doctor877 on January 31, 2021, 06:14:09 AM

Regular investors and traders are already used to it. Taking out your stake is what you should do and leave the rest to be used for holding and trading purposes. You will have a free open mind to do other things without any thought of Capital loss.

It will be right. Considering that the price of bitcoin has risen almost three times higher than its previous price record, it would be logical to sell some of the bitcoins to cover your previous expenses and have the capital to buy bitcoin in case of a sharp price drop. After that, we will no longer suffer direct material losses in any negative turn of events, and we can only talk about lost profits.

Quote from: abderrazak belkhir on February 11, 2021, 02:20:25 PM

Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?

Guessing the price movement of bitcoin is a fast track to financial success and wealth. Now, taking into account the previous experience of 2017-2018, many rushed to sell their bitcoins even when it exceeded the price of $ 20,000, others a little later. Therefore, now they are expecting a very deep fall in the market in order to buy again. So far, those who held bitcoins until recently are winning. The risk is, of course, significant, since the amount of money invested is very large. However, how bitcoin will behave further is still a mystery. Whoever makes the right decision will make a profit.

Quote from: tinopener on February 17, 2021, 01:08:43 PM

Something that tends to go unnoticed outside the UK media is that Ruffer Investment Company bought $600m of Bitcoin a couple of months ago, and may have been the first big institution to buy.

However, they sold half recently in order to get back their original stake.

Ruffer is a strange investment company though, as they concentrate on absolute return which means a small profit over any given year in all market circumstances. They tend to buy bonds and commodities too.

Therefore it is probably no surprise then that they took profit quite quickly.

And also, they are an out and out investment company whose mission is to provide profit for investors, rather than a corporate like Microstrategy who want to hedge their balance sheet against inflation or whatever.

The Ruffer Investment Company appears to be investing in bitcoin for a short time in order to make a quick profit. They will not keep their investments for long. They will fix profits and expect a significant drop in the price of bitcoin. In fact, they differ from other investors in the form of ownership and the amount of invested capital. However, this is good for the cryptocurrency market anyway. Companies' investments are more reliable, there are no hasty and rash decisions in them.

Quote from: Lmaooo on January 25, 2021, 12:47:12 PM

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

Of the above, in my opinion, whales have the greatest influence on the formation of prices in the cryptocurrency market, since they have a lot of capital and the ability to influence them on the market, especially if they act in collusion. However, it cannot be said that whales have the ability to control the cryptocurrency market. Most likely, this is an opportunity to manipulate it from time to time, sometimes raising or lowering prices. As market capitalization increases, this will become increasingly difficult, as more capital will need to be invested.

Quote from: oHnK on March 23, 2021, 03:49:12 PM

Quote from: Botnake on March 23, 2021, 11:59:41 AM

Of course, bitcoin is for HOLDERS and we can proved that in bearish situation because if you really are a holder, you would not panic and dump. Those who hold for long term has already enjoyed their profit now, imagine that bitcoin dump below $10k during the bearish period and now it has reach $60k as its ATH.

What we are seeing now might not last because volatility happens and that is normal for the crypto market and bitcoin, so if we enjoy seeing $60k and $50k, we should prepare ourselves to witness a bearish period which could happen anytime.

The context you are talking about will be fine if you bought BTC for a long time, but if you buy it now are you still ready if from 60k USD the price falls to 20K USD again? Do you really still have BTC in your wallet. Does the panic really not attack you. I don't agree that BTC is just to hold. Because volatile assets like this will be more profit to trade. Because if you invest only you receive a single profit, but if you trade, the profit becomes compound.

If you just hold Bitcoin, there is a certain risk, because we cannot be sure that nothing will happen to the price of Bitcoin in the future.
Better to exploit its highs and lows now by selling during its high rally and then buying at a low price after it has dropped. Therefore, I would say more that bitcoin is more for traders than for holders. But in general, it is for both.

Quote from: cryptoboss2020 on February 18, 2021, 02:59:05 PM

Quote from: cryptomoonfortune on February 18, 2021, 02:50:22 PM

Banks don't create money out of the air. They don't. There is a demon called inflation. As soon as the banks continue to print more money, that demon will begin to devour them and the price of the currency will decrease until it becomes more expensive than the paper on which it is printed.

Central banks try to maintain some measure of balance, and it is the poor that pay the price, not the rich.
Here the problem lies not in printing money.
Printing money is a symptom of a disease.

Printing money is Only When You do borrow money.
So its process of creating the money.
Debit = Crebit
Credit=Debit

But dont Say They are Evil bankers they run system for us so we have mean for Exchange called as money.

Why do so many here write about how central banks and their governments print money when someone is in debt to someone else. We were always explained in economics that money is always printed for the amount of material assets in circulation. Money is printed in the amount of an increase in the gross income of the state for a certain reporting period. The more money is printed above these indicators, the higher the inflation rate will be.
Cryptocurrency works in a different way. Here, really, money is first created out of thin air, and then measures are taken to create and increase demand for it.

Quote from: 91254vvpatel on February 01, 2021, 05:54:14 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.

Here you need to proceed from each specific case. In general, if we see that the price has risen very decently and the profit is significant, so why not sell such an altcoin. At the same time, if there is information that the price of this cryptocurrency may still grow and further, then it would be more correct to sell it in parts. If the growth is insignificant, you need to proceed from the potential for its growth. We still hope for the altcoin season after bitcoin stops in price growth for a while.

Quote from: longyenthanh on March 23, 2021, 04:39:30 PM

Quote from: yat97 on March 19, 2021, 11:47:24 PM

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

First of all, ETH will be "converted" to ETH 2.0 so it will just continue to be the same currency, but will be only improved.

In my opinion, the implementation of ETH 2.0 will have a very big impact on the price of ADA and BNB, because both projects are almost in direct competition of ETH.
I am not sure if it will cause the ADA and BNB prices to fall, but it will definitely slow them down.

As for the ETH price, after upgrading and lowering the transaction fees should skyrocketing and chase BTC very quickly.

Yes, if from July the problem of high gas charges for transactions in the ethereum network is resolved, then we can expect a rapid rise in the price of this coin, especially since autumn. Now the price of ethereum is growing very slowly precisely because of this problem, so ethereum is very underestimated. The price of this coin, taking into account the current price of bitcoin, should already be about five thousand dollars.
ADA is now growing in price also taking into account the deceleration of the ethereum price. When gas prices bounce back, ADA's price gains will slow.

Quote from: pinkflower on March 19, 2021, 01:36:13 AM

Other countries that hate Bitcoin will follow China's ban on mining if it is successful. This makes a good reasoning for research and tests on low energy forms of mining like Proof of Space and Time and Proof of Capacity. The wasteful use of electricity must stop.

This is not a war against bitcoin. It is stupid to create conditions for making it difficult to get bitcoins and consider it a war against him. Is it possible for the Chinese government to damage bitcoin by doing this, even if it achieves a complete cessation of bitcoin mining on its territory? Of course not. Even if absolutely all states unite and somehow make it impossible to mine it, then this will not be fatal for bitcoin. After all, about 18 million out of 21 million bitcoins have already been created in the world. Only created bitcoins will be used. However, Bitcoin, if it is banned from mining in China, will continue to be mined in other countries. Therefore, this decision of the Chinese government is more economic in nature.

Quote from: HeRetiK on March 23, 2021, 10:32:20 AM

Does a 10% pullback count as price drop these days? Really? Cheesy

We reached a new ATH not even 2 weeks ago. The price is "dropping" because that's what markets do every now and then, there's not much else to it.

I did not even think of the current decline in prices in the cryptocurrency market to be regarded as a fall, which causes alarm for someone. Throughout the day, I even see the price of bitcoin rising by almost a thousand dollars. This is a common correction and will happen over and over again periodically. It would not be very nice to see the price of bitcoin drop to $ 40,000, or even $ 30,000. However, this can still happen and it will also be almost normal for Bitcoin.

Quote from: KEN H on January 27, 2021, 07:56:08 AM

It may take a long time.
The first thing to consider is people's acceptance. Young people may be more accepting, but there may be certain difficulties for the elderly.
Moreover, it is not yet known how long it will take for digital currency to be universal within the bank. Therefore, in the short term, physical currency will continue to exist and circulate widely.

I don't think central banks are aiming for this. The rapid turnover of cash has a positive effect on the economy of each state. The Chinese government has even specifically warned its citizens not to get too carried away with the transition to non-cash payment methods.
In addition, some categories of people, for various reasons, either cannot or will not want to switch only to the use of non-cash money. Therefore, this is a matter of a very distant future.

Quote from: Flor1982 on February 22, 2021, 11:54:30 AM

Bitcoins have been doing quite well during this year despite the pandemic. Cryptocurrencies like Ethereum and Binance coin are expecting to grow great by this year too. As a positive change, Bitcoins have been showing a higher value than $50,000 for the first time. So, probably it might reach that value.

It is likely that the price of bitcoin rose so high not despite the coronavirus pandemic, but precisely because of it. In any case, it should be recognized that the pandemic had a positive impact on the price growth of the cryptocurrency market. With the current bitcoin price of about $ 60,000, the price of $ 100,000 no longer seems so fantastic, but quite achievable this year.
I would like other altcoins to experience corresponding price increases, especially ethereum. If everything goes well for this coin in July, then this may well happen.

Quote from: leea-1334 on March 15, 2021, 09:44:29 AM

So basically Bitcoin could drop again beneath $20k? Has it ever happened before that Bitcoin reached and broke the old ATH and then went down below it again after making new ATH? I do not think so, but nothing is impossible in crypto so yes,,, be prepared for the big big dump if it happens and hold on tight;)

Many have already sold their bitcoins at the current high price and are eagerly awaiting its next big price drop. In all likelihood, such a drop will happen sometime, but it is absolutely not necessary that it will again be so significant, as much as 70 percent. Although we see that the cryptocurrency is developing cyclically, however, this accuracy also does not occur. This time, I do not expect such a significant price drop, as the structure of investors has changed. These are no longer small weak hands, now large business structures have entered the cryptocurrency market and they have calculated in advance when and at what price they will need to exit this market and how they will do it.