Latest posts of: Argoo

The fall in the price of cryptocurrency in the first half of February occurred earlier, but it has not been clearly established that this is precisely due to the Chinese New Year. Previously, there were other reasons why the price of bitcoin fell during this time. Now the cryptocurrency market has become more mature and I think that it will no longer react so well to such external factors by lowering the price of bitcoin.

Quote from: wxxyrqa on December 20, 2020, 01:35:06 PM

Quote from: Fortify on December 20, 2020, 12:19:33 PM

I think anyone who believes such an article to be somewhat delusional or naive. Bitcoin is an asset, it has valuable and it is apparently useful as a form of currency - as we can see from the popularity of it's recent rise. However at a fixed amount of 21 million units, with however many satoshi's and to however many decimal places. Bitcoin can barely cope with the capacity demands of speculators and a small fraction of all the people who would need access if it became the sole global currency unit. Bitcoin has its place, and that place is a small portion of a diversified portfolio and it certainly has its limits. It would never be able replace something like the US dollar in its current form.

At least If we talk about the vitality and future prospects of the banking system, then first of all it is necessary to say that banks are, first of all, an organization or structure that provides specific services. Based on this, the banking system will be able to adapt to new realities. And if the cryptocurrency will have mass adoption all over the world, then the banks will provide all kinds of services not with the dollar, but with the cryptocurrency. Although the dollar Apparently is not going anywhere either.

This is a rather narrow mindset. Banks are not just a structure that provides individual financial services. It is actually a part of the state that serves the economy of this state. Therefore, the state will toughly protect its banking system. Banks will provide services in cryptocurrency only if it is beneficial for them. At the same time, states will remove any obstacles to the normal existence of their banking system.
Therefore, under the protection of the state, the banking system is not threatened by anything, including bitcoin.

Quote from: OpenCryptoSystem on January 27, 2021, 10:19:59 PM

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation

Genius just genius

It is unlikely that such a proposal is feasible in practice. Governments will never invest their money in a decentralized cryptocurrency. They have a completely different vision of taking the necessary measures to improve the economy and are not related to cryptocurrency. Moreover, they will not use the cryptocurrency after the states have the opportunity to issue their digitalized central bank currencies.

Quote from: yurez on February 03, 2021, 10:30:43 AM

ETH is primarily aimed at investors who are interested in programming novelties, non-standard technical solutions and are aimed at creating innovative developments. And BCH is a dead-end branch of development and in the future this coin will stagnate in one place as it is not attractive to investors and developers. This is all in my opinion.

Of course, ethereum is a very sought-after coin, since about 85 percent of all tokens are generated on its platform. In addition, it is now fully renewed and therefore has good prospects for price growth. Now it continues to grow in price and at this moment its price is $ 1629.
As for bitcoin cash, it is a universal coin with good functional indicators as a means of payment. However, this is of little interest to investors.

Quote from: mianvicky1 on December 27, 2020, 11:45:55 AM

I think no one can find who is real or who is fake. Scam are everywhere even in our physical life so it will not stop. Its your responsibility to make sure that you are not being scammed by know about the project and search everything about it

Of course, we ourselves must first assess the project, to which we are joining to participate in their bounty companies. However, no matter how we ourselves investigate a new project, the likelihood of fraud still remains. Therefore, from time to time we will get caught by scammers and this should be taken for granted, since this activity is still practically not regulated. It is difficult to establish specific rules on this forum, they are gradually developed by the community.

Quote from: sangkler11 on February 02, 2021, 02:25:24 PM

yes, currently the reward as a bounty hunter aren't worth it, but we must never give up, now most of the rewards don't match our work.
Moreover, the reward program from project based on ethereum, we can't sell it directly because the price of gas is higher than the price of the token.
we just enjoy it, I am sure of the many bounty programs that we participate in, there are those who can give us a huge rewards.

In my opinion, our work as a bounty hunter began to pay, although not too high, but more stable. Now we have much less problems with KYC checks, agencies such as bounty detective have appeared, which practically guarantee the payment of new tokens. Fraudulent projects also, in my opinion, much less. Problems. of course, there is still, but you can still work.

Quote from: jerry0 on January 17, 2021, 07:55:33 PM

OP, what other coins would you recommend now to buy? I agree with your logic that buying eth now is not going to make you that much returns... like try getting 5x... that isn't going to happen with ETH in a long time. Even doubling it is hard. Doing it with altcoin much easier but of course but riskier.

For ethereum, the $ 1200 price tag isn't that high. Even now, the price of this coin today has risen more than $ 1400 and this is far from the limit. Ethereum is criticized by many for its high transaction fees, however this is a temporary problem, this coin is already being updated and soon we will see a brand new ethereum with high throughput and low transaction fees. Therefore, I keep this coin and hope that its price will soon rise to several thousand dollars.

Quote from: cryptoaddictchie on February 01, 2021, 04:21:45 AM

Quote from: meanwords on February 01, 2021, 03:44:57 AM

I knew XRP would pump sooner or later. I said it last week so I bought as soon as possible. Though this doesn't change the fact that they still have a messed up situation against SEC. I'm pretty sure soon there's going to be a massive dump after this just like what happened to Doge.

I think the reason is due to a group that organized a pump event for xrp. They saying there will be an event for xrp today ( February 1) and as you can see the price skyrocket. If I'm not mistaken also got shilled by WSB same like what happened to dogecoin. I know xrp is a big fish but due to their circumstances with SEC, I'm started to think that this will be a pnd situation for xrp.

It should be noted that the SEC lawsuit does not concern the illegality of issuing or circulating ripple. Therefore, nothing should happen to this coin. The SEC wants Ripple Labs executives to pay large penalties. Most likely it will. After that ripple will again regain its positions.
So, of course, those who bought ripple during the recent fall will receive good returns over time.

Quote from: dothebeats on January 15, 2021, 02:06:36 PM

Personally you can still make some money from bitcoin if you are into it and you spend some time buying and selling, especially now that the volatility is insanely high that every hour or so, the price moves $1000 up or down. You can also do what you have in mind since it has been proven time and time again that bitcoin appreciates in value over time. In that way, bitcoin serves as your passive income while you tend to your business, which generates active income over your part. Consider your $10k bitcoins as some form of time-deposit that you can open once you're already comfortable with your gains.

The high price volatility of bitcoin is a good guarantee of making a profit from trading with it. Therefore, it will be possible to receive profit from bitcoin in the future. It is only important to feel the direction of its price movement. For example, now, with its current price of about $ 33,000, I would refrain from buying or selling it.

Quote from: cryptoboss2020 on January 16, 2021, 08:04:15 PM

They are not legally actual fiat
Even something happens with USA dollar or any other fiat your stable coins stay same.
The fuctuaction will be directed by bitcoin so there is no need to be them even 1:1 pegged to fiat.

Im wrong Here?

Stable coins also vary in ownership. They are private, owned by several individuals or legal entities, as well as by a state or a group of states. Personal and commercial stablecoins are the most vulnerable in terms of the possibility of various negative situations and the threat of their disappearance.
The most valuable will be stable coins of states, that is, the digitized currencies of their central banks. In relation to them, it cannot be said that this is not real money. It will be the same currency, only in digital form.

Quote from: Twentyonepaylots on January 30, 2021, 09:08:01 PM

For me, not really. Usually what happens is that these funds will be transferred back to their respective assets as soon as the market stabilizes, so it is a give and take relation for bitcoin and altcoins in the market really. You'll see in a few months how this works, especially once bitcoin's value drops down, altcoins like XRP, will flourish while bitcoin will be in a lay-low state.

Bitcoin and altcoins are already inextricably linked. They complement each other and capital constantly flows from altcoins to bitcoins and vice versa. Altcoins will in any case exist and develop further, since they perform many more different useful functions than bitcoin. At this stage, it is no longer possible to remove altcoins from the market. The role of bitcoin is also increasing thanks to altcoins.

Quote from: youdacapt on January 25, 2021, 09:09:12 PM

Crypto currencies will pay important role either there is a pandemic or not; i say this because crypto currency serve as a means of payment; and it is presently being adopted to cushion and put under control the pandemic i.e if you use crypto currency tokens for payment of service; there will be no exchange of fiats; which could spread the covid19 pandemic. It doesn't have to be the token you are shilling, it can be etherum, litecoin , tron or xlm

The coronavirus pandemic has pushed people to study and use cryptocurrency. Temporary severe restrictions on movement and visiting public places changed our usual way of life and forced us to do things that we simply could not get our hands on.
At the same time, cryptocurrency has become a safe haven for people's savings from the rising inflation of conventional currencies. Therefore, the cryptocurrency began to grow rapidly in price and be in demand.

Quote from: Febo on November 15, 2020, 07:48:42 PM

China and 14 other countries have agreed to form the world’s largest free trade bloc, encompassing nearly a third of all economic activity. Without USA, EU or Russia.

https://www.aljazeera.com/economy/2020/11/15/rcep-15-asia-pacific-nations-set-worlds-biggest-trade-pact

One third of worlds economy can work on their own by itself. If we add influence they have over Africa, this is by far strongest free trade bloc that will be almost impossible to challenge in the future.

This agreement should be regarded as one of the stages of the trade war between the United States and China. Also, China is creating a regional stablecoin in the region to service their transactions. Well, this will greatly strengthen China. Therefore, they say that over time, the yuan can replace the dollar as the world's reserve currency.

Quote from: DrBeer on December 20, 2020, 06:37:08 PM

Never, centralized financial institutions will not hand over the management of financial flows into the hands of technologies such as blockchain! Never - because this is contrary to their survival! They will create the appearance of "freedom", but centralized control will remain - through regulators, financial monitoring, rules for exchanges, etc. Just look at the scale of the crypto market - it's DUST against the backdrop of the daily turnover in the financial / fiat market! Banks and the financial sector can use TECHNOLOGICAL solutions based on the blockchain, but the financial system itself will never become decentralized, in accordance with the blockchain ideology. The state and power is the control of financial flows, therefore, as long as the state exists, the financial system will be controlled and dependent.

As long as states exist, there will be no collapse of central banks. Banks are part of the state government and are protected by the state. Therefore, states will not allow a serious threat to their banking system. States have enough leverage to destroy anyone who encroaches on their power. States have not yet taken measures with regard to cryptocurrency, because they do not see it as a threat to the stability of their financial system.

Quote from: kentrolla on January 27, 2021, 12:45:52 PM

As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.

As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

The fall in the price of bitcoin to $ 30,000 can hardly be regarded as a good opportunity to buy it in the current situation. Bitcoin will inevitably fall in value and lower. We see that its price volatility is very high right now. Price fluctuations happen very quickly. It is better to wait a while and look at its further price movements.

Quote from: rhomelmabini on January 29, 2021, 05:28:45 AM

Quote from: zeingrind777 on January 29, 2021, 04:35:51 AM

Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?

It was because of this simple post of Elon that it drives to $0.07 you may check it here https://mobile.twitter.com/elonmusk/status/1354924057825837060. Too regrettable that it was $0.002 from past year on the month of December. Smart money are flowing now into altcoins and even Grayscale did with their recent announcement of assets they held onto their trust. Search for coins that are still cheap and has good usecase guys, not financial advice.

I would like to see most of the potential altcoins rise in value as much as Doge. Can I ask Elon Musk to speak positively about cryptocurrency in general? Maybe then we will see the altcoin season that we have been looking forward to for a long time?
Bitcoin has already shown what it can do, it's time to do it for other cryptocurrencies.

Quote from: thesmallgod on January 29, 2021, 09:12:30 AM

I look backward and see a lot of challenge facing bounty hunters and I can only see that things will get harder. The mental stress of looking for the right bounty to promote, waking up in the middle of the night for several hours to complete tasks for months just to realized you won't get $1 for all your time.

It is another scenario when you discover that the project you promoted is doing great at the exchange market but you realized the team are refusing to give the reward of your labour or change the rules regarding the campaign just to make it hard for you to get your reward.

I think most of this project team see hunters as being toothless because they know the worst you can do cannot affect their project. They name you different names just to make you look like a fool in the eyes of investors.

Until there is a way to deal honorably with these team, hunters will continue to suffer

In my opinion, a year or two ago it was even more difficult. Nowadays, bounty hunters are no longer faced with KYC checks, which the ICO team could suddenly introduce after the bounty hunters' work was finished. In order not to accidentally miss such a check, we had to periodically look through the telegram groups in which we previously participated in the bounty companies. In turn, ICO teams often tried to create obstacles in the passage of KYC in order not to pay the earned tokens. Nowadays the problems for bounty hunters are much less. Everything is relative.

Quote from: Coyster on January 29, 2021, 06:40:58 PM

I don't think that's the only reason why Bitcoin has spiked back up, as has become a trend, people like buying when there is a plunge/dip, so it's possible that when BTC went below 30k, quite a lot of people capitalized on that opportunity to buy some stash, and that could have led to a very high demand and why the coin has appreciated to above 35k in such a short space of time, and some of this people I'm talking about could be institutions, as it's no longer news that traditional institutions now Invest so much money into Bitcoin, another category could also be whales, this spike could be as a result of all that and much more, but it was always going to bounce back up.

Such a sharp jump in the price of bitcoin by more than $ 5,000 in a few hours, as well as a drop again to almost $ 35,000 and this fall is still ongoing, indicates that something has dramatically affected its price from outside. So far, the majority associates this with the mention of bitcoin by Elon Musk on twitter. Perhaps something else worked, but this is already unlikely, although not excluded.
In the meantime, many are surprised how fragile the world of cryptocurrency is.

Quote from: arbiter5 on January 29, 2021, 10:01:32 AM

Quote from: pooya87 on January 29, 2021, 09:49:38 AM

Do you know how long it takes someone to sign up on an exchange, go through their KYC process to verify their account, make money transfer from their bank account to that bitcoin exchange, wait a long time until it reaches the exchange and is credited in their account and then eventually after jumping through all the hoops they can buy bitcoin?

You're assuming that literally every buyer we had in the past hour are totally new in the cryptocurrency space. It could simply just be people already with exchange accounts that just bought in because of confirmation bias.

And let's not forget that PayPal, Robinhood, eToro, Trading212, Cash App, Interactive Brokers and tons of trading/investing platforms that people have been already using already has bitcoin by default. Not every single buyer is going to go through the de facto bitcoin exchange like Coinbase/Binance/Kraken/Gemini/etc.

However, it happened in a very synchronous way. If bitcoin grew gradually, then one could cite an increase in demand and a general optimistic mood regarding the further growth of the market. However, there was a sharp spike in prices and seeing this, I immediately concluded that some event had occurred that caused such a sharp price effect. It seems likely that this is due precisely to Elon Musk's message about Bitcoin on twitter. If so, then the world of cryptocurrency is still very fragile.

Quote from: tvplus006 on January 20, 2021, 02:27:18 PM

Quote from: shiming on January 20, 2021, 11:14:40 AM

With both Bitcoin and Ethereum breaking new bull market highs, Bitcoin reached $40,000 and Ethereum reached $1,450. This is very good news for investors. When will other cryptocurrencies reach the highest point of the last bull market? I am looking forward.

The fact that bitcoin has exceeded its ATH twice looks more than convincing. But Ethereum fell short of $2 to reach its ATH, which has not changed since January 2018, on the Binance exchange. Only after we see a convincing consolidation over ATH, does Ethereum expect a flight to the moon.

Ethereum reached the price of $ 1,470 before its last rollback, so this coin still broke its previous price record. However, ethereum will not be able to free itself from bitcoin's price dominance in the near future. It's too early for now. It must first address scalability and high transaction issues. However, this coin has periodically proved its separate price movement more than once, which indicates its great potential.