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1821  Economy / Economics / Re: Very serious Question the New money system on: January 09, 2021, 04:24:22 PM
The world hasn't gone through many changes of the monetary system. I mean from bartering we went directly to precious metal coins and then went off the Gold Standard (big mistake IMO). That's when the decline has begun. We're in a totally different era now then we were even 30 years ago. Technology is booming everywhere you look. I don't know how the governments and Central Banks will handle the transition but it's going to be either a lightning-fast transition that will shock the whole world or the more likely scenario they will adopt/accumulate Bitcoin and then make it mainstream.

Even if they do make a digital currency, that's still no solution for inflation.
I do not think there will be any serious changes in the monetary system of states. Only one thing is clear: states will never switch to the use of a decentralized cryptocurrency. For now, they will actively issue central bank national stablecoins, as China does. In fact, these are the same national currencies, only in digital form. Depending on how they take root and how actively they will be used by the population, the states will decide what to do next.
1822  Economy / Economics / Re: The recent rise in prices, temporary or more long term? on: January 09, 2021, 10:19:14 AM
If we learn from the bull run that occurred in 2017, it looks like the price increase in Bitcoin in January 2021 was only temporary. It is unlikely
that this Bitcoin increase will run long-term, for sure the whales will take profit and when that happens Bitcoin will start to collapse. So my advice is
to remain vigilant, because the current increase in Bitcoin is too high. According to my prediction, the Bitcoin price will soon fall.
After such an incredibly high price increase, Bitcoin should fall in value. However, the most exciting question for us so far is when this will happen and how low it will fall. If about the depth of the fall in the price of bitcoin, basically everyone agrees that it will not fall too low, then no one can definitely say anything about the time of the fall.
Most likely, the bullish growth of bitcoin will still last up to two weeks. After this time, capital can begin to flow into altcoins.
1823  Economy / Speculation / Re: Cash out or HODL - Bitcoin? on: January 09, 2021, 10:00:15 AM
Just want to be honest here...
I've once missed last 2017, I was been by the word HODL as many people say. But this time, this is the right time to sell. Maybe it was a silly thing not to believe that the Bitcoin price will even grow more. Yeah, I was thinking about my bad experience in the past where I suppose to doubled my investment profit but unfortunately, I'd missed it. I don't want it to happen again, otherwise, I will wait for another 4 years to come, and another halving just to have these changes back.
On December 21, Bitcoin had a price of $ 22,000 - $ 23,000. Those who sold bitcoins at such a price probably already regret it. They had the opportunity to practically double their profits, given that the price of bitcoin is now over $ 40,000. As we can see, the current growth of bitcoin is not at all similar to the situation of its growth in 2017 - 2018. Now the situation for cryptocurrency is much better than it was three years ago. However, it is all the same, bitcoin should go to correct its course after some time. Most likely, it will not be as deep and long as in 2018.
1824  Economy / Speculation / Re: Bitcoin hits $40k on: January 08, 2021, 05:44:43 PM
Although that I did predicted about Bitcoin crossing $40k by the end of this week, we still need to manage our risk very well. To all of the risk takers out there, I would like to congratulate you all for buying Bitcoin early. As the institutions keep buying Bitcoin, I believe this is still a tip of the iceberg. There are a lot of institutions worldwide, and I bet once they follow, Bitcoin is possibly going towards $100k by the end of 2021.
There is still a reasonable limit to Bitcoin's price growth. Many of us have already set for ourselves the price at which they will sell their bitcoins. It is right. Otherwise, we will only remember that we saw such a high price and did not take advantage of this growth. There will still be waves of price growth behind this wave, and it is better to be able to buy bitcoin and other potential cryptocurrency at a low price. The only question is to correctly feel at least approximately the price peak of the current growth.
1825  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto doesn't want to be found; stop searching. on: January 08, 2021, 05:13:42 PM
Satoshi Nakamoto, or the person who used this pseudonym, did the right thing to hide his authorship. This is how Bitcoin can remain completely decentralized. I hope that this is what he was guided by, hiding his identity until now.
Therefore, of course, you need to stop trying to find Satoshi Nakamoto. And there is practically no chance of installing it without his desire.
1826  Bitcoin / Bitcoin Discussion / Re: Oh that feeling... when the price goes crazy...after you sold! on: January 08, 2021, 04:50:22 PM
i never say i never sell, instead i always sell whenever there is a big rise the difference is that i never sell large amounts such as "a coin or two". that is just crazy.
what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.
I use roughly the same tactic. I mainly transferred my assets to ethereum. During this rapid price growth, when I thought that a price peak was possible, I sold a small amount and transferred to USDT in order to lock in a profit and there was a reserve for subsequent purchases at a low price. However, cryptocurrencies, including ethereum, continue to grow.
Therefore, indeed, lost profits will practically be in all of us. The main thing is not to make big mistakes.
1827  Bitcoin / Bitcoin Discussion / Re: For old users: check you abandoned wallets/exchange/other service accounts on: January 07, 2021, 07:40:52 PM
If you were a busy bounty hunter, then I suggest to go through you 2017-2018 post history and you might remember bounties, which rewards were held on projects dashboards. Sometimes miracles happened and forgotten projects suddenly introduce "Withdraw" button in dashboards. Just check if your altcoins are listed, check if there are buy orders and you will earn more than 20$, because Ethereum transaction fees cost a lot right now.
This morning, I was just checking and organizing my old wallets and the presence of tokens in them, which began to be traded and can be sold. Of course I found something. Each type of token now needs to be assessed individually. There are those that are worth selling immediately, while others still have growth prospects. If soon we can wait for the altcoin season, then we shouldn't sell everything.
1828  Bitcoin / Bitcoin Discussion / Re: BTC Bitcoin just crossed $40,100 on: January 07, 2021, 07:22:41 PM
The relative strength index (RSI) of Bitcoin, which is a metric used in the analysis of financial markets and measures the balance between buyers and sellers, is at a high level. But at the same time, the leading crypto entered a sharp downtrend as soon as it reached $ 40,000. Let's see where Bitcoin's next move will be heading.


I see that the price of bitcoin is jumping up and down by hundreds of dollars. The price was over $ 39,000, and the surges were probably over $ 40,000. Now the situation is really such that it is difficult to predict something. Bitcoin may still rise or start falling right now. In any case, I would no longer advise buying it at the current high price. It's better to watch what happens next.
1829  Alternate cryptocurrencies / Altcoin Discussion / Re: Amepay raised 84.6 million in their IEO on: January 05, 2021, 07:30:45 AM
Amepay did a buyback I heard, this should limit the dump but bounty is still ongoing and tokens are still been sent out to participants, if avoiding dump is the team priority they would have stop the bounty campaign by now
I would also like to draw your attention to the fact that on this forum AMEPAY is conducting only a signature campaign. This was enough to succeed. Lately, many projects do not include a signature campaign in the bounty campaign. In vain. Bounty hunters are making significant advertising support for new projects.
The day after tomorrow we will be able to see how strong the position of this project on the stock exchange will be.
1830  Alternate cryptocurrencies / Altcoin Discussion / Re: Remember when ETH was $1400 a few years ago then crashed to $70 as BTC crashed? on: January 05, 2021, 06:50:10 AM
ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.

2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000

If you stayed in ETH you have lost more money than Enron. ETH is a scam.

There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
Ethereum is a great coin and a well-deserved leader in altcoins. Moreover, it is not a fraud, since since 2015 it has been performing various useful functions in the cryptocurrency market. More than 80 percent of tokens are issued on the ethereum platform and this is also an unconditional confirmation of its high image.
Moreover, the current problem with high transaction fees arose precisely because of the high demand for using the ethereum platform, because most of the new DeFi projects were released on its platform. Even many state stablecoins are issued in ERC-20 format.
After a complete update of this coin as part of the improvements to Ethereum 2.0, the position of ethereum will become even stronger, I am completely sure of this.
1831  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP Could Hit $1 This Year on: January 04, 2021, 06:20:01 AM
I have a different opinion than most users who say this is the end of xrp and I think there is a big pump ahead of us.
As I remember correctly, there were also some problems with Ripple before the earlier Ath. History has come full circle, sell cheap buy expensive.
That was the plan, Xrp has too good technology, is cheap to provide, is desired by banks, and now there is also the idea that it should be gold-based, but for that to happen, gray mice, they must lose it. What a fantastic time.
However, today we see that ripple is losing more and more both in price and in the level of capitalization. If recently we saw a good price growth of this coin and its price of $ 0.60, then recently it dropped to the level of $ 0.23. In addition, today we already see ripple at the fifth position in the market capitalization and there was no such fall of this coin. Ripple lost its fourth place to Litecoin, although their difference in capitalization level is still insignificant: 10.5 against $ 10.8 billion for Litecoin.
If Ripple regains its position, it will not be soon.
1832  Alternate cryptocurrencies / Altcoin Discussion / Re: When will the current Bull run stop on: January 04, 2021, 05:55:06 AM
Nobody knows when the current bull run stops but if you look back in 2017, The bull run might stop on 2nd the week of FEB which is most possibly because most bear markets start at to end of FEB. So there is lots of time left and by that time bitcoin might reach $40K+. So trade carefully... very exciting times ahead.
The coming 2021 will be special in the history of cryptocurrency, however, like any other new year. Although this market develops cyclically, each subsequent year is still significantly different from the previous one. First of all, it should be borne in mind that the anniversary of the last halving will be in May, and only in general by this time the peak of the price growth of bitcoin is expected. However, this is not a dogma either. We are more and more convinced that cryptocurrency always surprises us. They will definitely be this year as well. Although the current large increase in the price of bitcoin can already be called such a surprise in the first days of the new year. In the near future, we expect further price growth in the cryptocurrency market.
1833  Alternate cryptocurrencies / Altcoin Discussion / Re: A very New Statement of "Vitalik Buterin" on: January 04, 2021, 05:15:30 AM
Buterin believes that the new generation will use cryptocurrency much more actively and against this background, the reputation of gold as a store of value and value will suffer. While this statement looks indisputable. Cryptocurrency very quickly enters our life and states have to reckon with it. Blockchain technology and the coronavirus pandemic have exposed significant flaws in the current global financial system and that traditional cash and non-cash payments are hopelessly outdated.
1834  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH hits $1000 on: January 04, 2021, 04:53:45 AM
Ethereum is up 46 percent in price over the past week, according to CoinMarketCap. and bitcoin by 12 percent. If earlier ethereum grew in price relatively slowly, then in just a day it increased by more than $ 200 and today it has overcome the $ 1,000 mark. This is very good news and should also stimulate the growth of other altcoins. So far, we do not see any obstacles for the further price growth of this coin and we hope that soon it will break its previous price record of $ 1400.
1835  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is ETH overpriced? on: January 03, 2021, 06:39:09 PM
I don't think ethereum is overpriced. On the contrary, this coin is still very underestimated. When Bitcoin climbed to $ 20,000 in 2017. ethereum hit $ 1400. Ethereum is currently being updated and this should have a positive effect on its price over time. Today alone, the ethereum price has risen 17 percent and has already exceeded $ 900. Hopefully this month we will see an ethereum price of over one thousand dollars.
1836  Alternate cryptocurrencies / Altcoin Discussion / Re: Amepay raised 84.6 million in their IEO on: January 03, 2021, 06:17:51 PM
You all must have heard about the Amepay project. There was an IEO in the BKEX exchange and after that IEO team announced: $AME IEO ends at 84.56 million USDT demand for 1 million USDT AME tokens. They are already listed in CMC and you can see their 24-hour volume is more than Five million seven hundred dollars. Isn't that too good for a new project and do you guys really think this project just started with a massive success with that IEO or it's done internally? Currently, deposit and withdraw is not allowed in BKEX and another listing in Bithumb Global is upcoming on 7 Jan.
CoinMarketCap shows that the price of the AME token is now $ 0.034 and it has increased by 2.58 percent today. The market capitalization of this token climbed to $ 52,044,241 with a trading volume of $ 5,812,467. So far, the indicators are good. It should be noted that AME tokens are paid to participants of bounty campaigns every week. This should not cause a sharp drop in the price of this token. However, let's see what happens after January 7th.
1837  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alt Season still possible? on: January 03, 2021, 08:32:35 AM
Even after XRP news about SEC haven't you guys noticed that XRP is still surging till now? It's recovering fast people, this is not enough to stop altcoin season from happening even if XRP goes down from here, dominance is high right now, I don't think altcoins can surge while bitcoin dominance is still very high
As long as the bullish rise in the price of Bitcoin continues, its dominance will grow. However, this process is cyclical. The time will come when the rise in the price of bitcoin stops and then the capital will flow from bitcoins to altcoins. We just need to wait for this period. Altcoin season is sure to come.
1838  Economy / Speculation / Re: Bear market? Will NEVER HAPPEN because of tether printing. on: January 03, 2021, 08:10:59 AM
Ok, prove me wrong.

Here I state that a bear market, which is a prolongued (3 years +) correction of crypto prices, will never happen reason being the occasional bursts of tether issuing which is something nobody can police.

Add to this the fact greed never dies and stockmarket doesn't provide the gains todays young people demand: kids want adrenalin and lambos not fuckin retirement plan.
Correction of the rate will occur regularly, as investors need to fix their profits and because of this, any cryptocurrency periodically drops in price.
Stable coins, including tether, are very easy to destroy. For this, it is enough for states to recognize illegal the provision of their national currency with other financial assets that do not belong to this state. This is already done by the Chinese government with its yuan, including digital. If this happens, then only stable coins of states will remain in circulation.
1839  Economy / Economics / Re: The supply issue on: January 02, 2021, 07:45:23 AM
I'm seeing this particular topic on twitter today and it's got me a bit stumped. So I would like to ask my hero bitcoiners here for their advice:

If bitcoin's price and market cap continue to increase, and if a 2nd layer or off-network protocol allows people to subdivide their satoshis into smaller and smaller units, does the whole 21 million BTC supply cap even matter anymore?
Overall, you are right. Although the maximum number of bitcoins is limited to 21 million, there are one hundred million Satoshi in each bitcoin, which already have a decent value. That is, in fact, bitcoin monetary units are one hundred million times larger. After all, now, given the increasing cost of bitcoin, people will buy and are already buying not whole bitcoins, but a certain amount of satosh.
1840  Economy / Economics / Re: This is why bitcoin HAS to go up on: January 02, 2021, 07:22:48 AM
Bitcoin is drastically high this time around due to large amounts of volume and usage globally

I think Op can be right about the devaluation of dollar having effect on the price of bitcoin. Dollar is a major converting currency for bitcoin and price or strength of dollar has been dropping either because of the fomo in the election, this is affecting the price of bitcoin as it is increasing since the beginning of the election and the direction of the results create more fear.
All state currencies have some annual inflation and it is included in their budgets every year. That is, the common currency of states is systematically and inevitably depreciating. This is used by governments to manipulate all kinds of social benefits so that the numbers remain the same or even increase, but in fact their volume has decreased. Therefore, not only bitcoin, but all promising decentralized cryptocurrencies should rise in value due to this process. This should come up strongly during the global economic crisis.
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