Latest posts of: Argoo

Quote from: Coinsfera on February 18, 2021, 07:04:32 AM

There have been very important developments regarding Bitcoin since the beginning of the year. The fact that important companies like MicroStrategy and Square invested in it in 2020, Tesla in 2021, and PayPal allowed its users to buy and sell Bitcoin, in a way, Bitcoin got approval.

If this continues in the future, all new large business structures will invest in bitcoin or other cryptocurrency, then the bull market may exist for a very long time. In this regard, states and their governments will also change their attitude towards cryptocurrency. This is very good for its further development.

The search for Satoshi Nakamoto is meaningless given the fact that even at the time of Bitcoin's creation, he was taking steps to remain anonymous. Or will we doubt his conspiracy?
He wanted Bitcoin to belong to all of us and this desire must be respected. We ourselves will not find Satoshi Nakamoto if he does not want to.

No matter how good the cryptocurrency will be, and the banks and the entire banking system will exist as long as the states themselves exist. Now banks will gradually transfer part of their fiat to blockchain technology and create their own digitalized currencies of central banks. Therefore, in the future, there will be fewer such failures in their work. After all, they do not deny that their previously used SWIFT method is outdated. Now the banks will be reorganized and strengthened.
As much as we want it to be different, cryptocurrency will always be with fiat, and not vice versa.

Quote from: aioc on November 15, 2020, 03:21:41 AM

Quote from: Stormstout on October 12, 2020, 10:09:36 AM

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.

I'm surprised that it turns out good for the market, I thought the market will crash big time, everyone was worried but it managed to bounce back, thanks to the whales and industry leaders, they made a big difference of supporting the market during it's bad times, right now it's still doing good in the market and soon the pandemic will be over, I like the scenario after we are back to normal.

We can say that the coronavirus pandemic has had an ambiguous impact on cryptocurrency. Overall, however, it turned out to be more positive than negative. First of all, the forced isolation and the impending threat of large inflation and even the global economic crisis made people more interested in cryptocurrency, and governments to look for an alternative to cash, which turned out to be carriers of the coronavirus.
It cannot be said that the current high growth of the cryptocurrency market was achieved only thanks to the coronavirus pandemic, however, a certain share of success belongs to it.

Quote from: sukmo on January 11, 2021, 08:07:19 PM

It's a very interesting discussion for me. Why do criminals prefer fiat money of course because fiat money still dominates higher adoption and of course they still find it easier to use fiat currency than crypto.
In addition cryptocurrencies have unstable value, perhaps that is also the problem for them.
With the implementation of KYC security system and fingerprint of course this is also the fear of criminals.

There are hardly any statistics on this topic. Most likely, this is just an assumption that criminals use cash more than cryptocurrency. Although it would be logical. After all, not all criminals are well versed in the world of cryptocurrency to risk their freedom with it. And cash is simpler and more reliable, and besides, it is almost impossible to trace it. Therefore, we should not give up cash.

Quote from: KennyR on February 08, 2021, 11:27:55 AM

If the price hasn't crashed now I could've had got good number of ethereum in my wallet. Once the price crashed all the scheduled plans failed and I was pushed to cashout the ethereum kept for long term holding. Anyhow now too it isn't too late. A small savings in terms of cryptocurrency will get assured return in the long term.

The price of bitcoin or ethereum cannot be adjusted for every person who, moreover, did not make every effort to become rich. Each of us would act in a completely different way if we could go back in time ten years ago. However, time cannot be turned back. We need to learn from the past, think about the future, and live in the present.

Quote from: Wesleyeric on November 07, 2020, 06:29:57 PM

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

The concept of "power" always includes the territory where it will be located. Together with the territory, we get a lot of traditional everyday problems, about which any of our good undertakings always quickly broke down. And therefore, the words power and bitcoin clearly do not combine into something abstract that could be imagined. In fact, this is just some kind of nonsense.

Quote from: Wesleyeric on March 03, 2021, 05:35:10 PM

I think it will be a good ideas if satoshi will give us a speech on his innovation,I will kindly like yo hear the speech or comments of satoshi about bitcoin, I don’t have a particular point to mention here, He should generalize his comments in all part of his innovative(Bitcoin) this will take bitcoin to $100k and more. Every one will link to see what will happen.

Satoshi Nakamoto will never show up himself. Already with the creation of bitcoin, he took steps to remain anonymous. Also, nothing has been heard about him for the last more than ten years. If he is still alive, then without his desire people will not find him. The bitcoins that he supposedly owns are still inactive. Every year the chances that he will appear on his own disappear.

Quote from: avikz on March 04, 2021, 07:14:13 AM

Quote from: ConnerDalfino on March 04, 2021, 06:53:36 AM

It has been explained to me, albeit, in layman's terms, that one of the reasons our modern cryptography works so well on classical computers is that they rely on prime factorization which classical computers don't do so well. This has been key to maintaining our computers and networks secured. One of the things Quantum computers do better than classical computers is prime factorization. How will the advent of Quantum computing impact cryptography? Will technologies like blockchains and bitcoin be affected?

Quantum computers are a reality and not a myth anymore! Companies like IBM, Google have invested billions in their quantum computing project and has seen a preliminary success. It's definitely a threat to cryptography but not an immediate one!

Quantum computers are exceptionally costly to build and only a couple of nations have shown interest in it! If you think hackers will use such computers to launch an attack on cryptocurrencies like bitcoin, then you are daydreaming. Quantum computing is not yet a threat to cryptography, at least not now and not in immediate future!

More recently, many on this forum assured that quantum computers can be created in at least ten years, so you should not be afraid of their computing capabilities. However, I recently read that low-power quantum computers are already being shipped to schools in China to learn how they work. That is, such computers have already been created and they are already working. But so far, little is known about their ability to crack digital codes. If this were possible, then many would already have raised the issue of hacking their wallets. I think that soon we will find out the answers to these questions.

No, I'd rather wait about four months and stay with ethereum. This coin suits me perfectly. Moreover, I have a certain number of different ERC-20 tokens that are currently unprofitable to sell. Those who think it's time to leave ethereum for other platforms, let them go. Ethereum, after the update, will still show what it can do. Therefore, I will keep this coin.

Quote from: Kusman on February 28, 2021, 09:59:23 AM

bounty rewards are not yet paid. price drop is likely after the prizes are paid. I think those who want to buy should wait for the rewards to be distributed.

The unpaid bounty remains for campaigners, it seems, for the last three weeks. It is unlikely that these small amounts of tokens can already affect the decrease in the price of AME. The trading volume for this token is decent, so you shouldn't be afraid of its fall.
I haven't sold my AME tokens yet. I will wait for trading on Binance.

If we are not completely sure about the price growth of bitcoin for the duration of the loan, then obtaining such a loan for investing in bitcoin looks like a gamble. Since the price growth of bitcoin is almost completely unpredictable, then the use of credit is clearly inappropriate here. Many have already talked about their negative experience of obtaining a loan for subsequent investment in cryptocurrency. However, some learn only from their own mistakes.

Quote from: Mulann2 on February 28, 2021, 03:47:57 AM

Quote from: verita1 on February 20, 2021, 11:34:41 PM

We have all realized that traditional banking systems are obsolete and that governments print money causing more problems than solutions.
This is how bitcoin convinced it to be the best asset to invest in.
I remain optimistic innovation will come soon now that our world is more digital.

Traditional banks are obsolete? I bet you did your transactions in getting into crypto trading from the Bank and I want to also believe up till now you are still using this same traditional banking system and that you have not 100% have all your assets in crypto. Look we are all for cryptocurrency and i just hope some day they would have been able to work side by side and not one trying to kill the other even though we think some big institutions are getting into crypto, I strongly believe it is because they have come to see the PROFITS they too stand to make from it and besides, lets not believe that the Governments will just allow that to happen.

My 2 sats Grin

Obsolete banks will continue to age in this way for many hundreds of years, as they did before. Banks will not go anywhere, they will use blockchain technology and issue digitized currencies, that is, they will borrow useful things from cryptocurrencies and develop further.
Our world is gradually moving towards digital currency, but cash and other types of non-cash payments will still remain.

Quote from: cheezcarls on February 28, 2021, 12:36:39 PM

Not all of these large firms can be pleased enough with Bitcoin. Despite Elon Musk’s influence in buying Bitcoin worth $1.5 billion, you can’t expect that others may be following suit. Only a few handful ones like Microstrategy, Mastercard, etc., are just seeing the vision and know how Bitcoin could help them in the long run.

For now, it is enough for at least a small part of companies to follow Tesla's example and start investing in cryptocurrency. This will already be a significant breakthrough. And such cases should be all the same. True, in order for legal entities to be able to invest in cryptocurrency, you need to have appropriate legal regulation.

Quote from: matjas on February 19, 2021, 09:41:41 AM

So they will recognise crypto as property. In short, you will have to report all transactions (buying and selling) if they exceed $8000 per year. If you are late in reporting you pay extra 10 % fee and if you fail to report your fined with 40 %. Long term holdings are not taxed.

At the same time, according to the law on digital assets that has already been adopted and entered into force, it is prohibited in Russia to make any transactions in cryptocurrency. You can store it, but it is forbidden to perform any actions with it. However, if the amount of such prohibited transactions, according to the new bill, exceeds 600,000 rubles, that is, now about 8,130 dollars, then you will have to pay tax. Very original regulation of cryptocurrency.

Quote from: Streets 2.0 on March 02, 2021, 08:59:25 PM

Such a procedure can only be feared and avoided by a fraudster, a non-existent person, or something similar. I went through the procedure many times, it often took a minimum of time and gave a feeling of a serious attitude of people to their work, project, business relations. It always suits me and I would like everyone to do the same.

Until recently, the KYC procedure was widely used by ICO teams in order not to pay bounty participants the tokens they earned under various far-fetched pretexts. In addition, some of these teams then sold our confidential data on the dark web of the Internet, since they do not bear any responsibility for the safety of this information, and scammers do not even care about possible rules at all. You just haven’t come across it yet, and with such an overconfident approach to your confidential information, this is still ahead of you.

Quote from: uneng on March 02, 2021, 06:18:31 PM

Before bitcoin replace banks, banks are going to adopt bitcoin to not be replaced.

I believe at this point no one denies crypto currency is the future of finances and it's inevitable bitcoin will lead this adoption, as btc is the first and the original source of all crypto currencies.

We have already some crypto sites which replace banks with efficiency: they offer loans, they pay interest over saving accounts, they offer debit/credit cards. Traditional banks will have to follow this adoption to stay competitive in the market.

Of course, bitcoin and other decentralized cryptocurrencies cannot and cannot replace the banking system. Banks perform more diverse functions than cryptocurrencies. In addition, banks are protected by the state, and they will not allow banks to disappear for any reason.

Bitcoin once again went into a correction, which this time was deeper. However, it is no longer falling, but is gradually rising again. Therefore, I see no signs of a bear market. Most likely, after some time, the cryptocurrency market will grow again. The situation for this continues to be optimistic.

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As long as our coins or tokens are in our wallets in the form of codes and numbers, we cannot say that we actually made a profit no matter how much their price has risen. Profit, in my opinion, can only be considered the difference between the amount of fiat investment in cryptocurrency and the amount that we withdrawn from cryptocurrency into fiat. We cannot be sure that any cryptocurrency will retain its value and price in the future. Therefore, it is not worth keeping all your money in cryptocurrency .. It would be better to periodically fix your profit by converting it into regular currency or at least into a stablecoin.