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1881  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoins rise affect on Altcoins. on: December 20, 2020, 05:02:54 PM
The fear of missing out (fomo) is real and is the main reason why many alts holders sell their alts during times like this to follow the btc price pump, it is very difficult for some people to just stay on the side line to watch while btc surge so high, it is all about taking risk and getting in on time to catch the momentum, it is an opportunity for many to recuperate their loss from alts, this happens in most cases.
Bitcoin has reached a price of $ 23,826 and now a very interesting situation is developing, which is very similar in appearance to December 2017.  Three years ago, bitcoin began to fall sharply in price after a while.  This time, in theory, bitcoin should continue to rise in price, but no one knows what will happen in practice.  In any case, I would not have risked buying bitcoin at the current high price.  As for altcoins, they continue to evolve, even if their price does not rise so quickly.
1882  Economy / Economics / Re: Loans are cheap good time to use loans for Investment in btc on: December 20, 2020, 07:49:27 AM
It will be stupid to think Bitcoin price will keep pumping, all these institutional investors are not daft to buy all their BTC at high prices. I will not advice anyone to borrow money and invest into Crypto at this time, always look to buy when there is blood on the street to reduce your risk, incase things go south.
The price of bitcoin is now over $ 23,000.  We have never seen such a high price.  Despite the fact that we hope that next year it will continue to grow, everything can happen contrary to our expectations.  Therefore, taking out a loan now to invest in bitcoin is not a very smart decision.  The risk is very high.  In general, I do not like to deal with loans and take out a debt.  This requires almost complete confidence in making a profit, and in this case, there is no such confidence.
1883  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC reached another ATH, what about ETH? on: December 19, 2020, 05:42:12 PM
With bitcoin dominance still at 65% altcoins won't stand a chance to moon big like what we saw in 2018 January, also whales have a part to play here, once they are done with bitcoin I expect some to sell their bitcoin and opt into altcoins, this is the only way altcoin seasons can get triggered, just my own opinion, I might wrong
We will be able to see the season of altcoins after a certain time.  Now a lot of attention is paid to bitcoin, and altcoins, including ethereum, are far behind the pace of its price growth.  I went to CoinMarketCap this morning, Bitcoin price was $ 23,130 and ethereum $ 656.  Now I looked, the bitcoin price has risen to $ 23,568, that is, by more than $ 400, while the ethereum price has remained the same $ 656.  Altcoins are growing in price, but very slowly so far.  The situation should improve in the first half of next year.
1884  Bitcoin / Bitcoin Discussion / Re: New KYC rules for crypto wallets on: December 19, 2020, 05:20:08 PM
FinCEN proposes new KYC rules for crypto wallets. If this is implement in true sense then no one can withdraw more than 10,000$ from the wallets until a detailed verification is done and an enhanced KYC for up to 3000$.
I think these regulations will not be healthy for the market growth and also people will be hesitant to move their funds on exchanges like coinbase.
We are always frightened with something, and precisely with what may be in the future.  However, in practice, this turns out to be not so scary, and from all the situations that have developed, there are always normal exit options.  And so far, the threat of severe restrictive measures comes mainly from the US government.  As a last resort, we will dispense with territories that are subject to US jurisdiction.  There will always be states and their offshore zones where the rules regarding cryptocurrency will not be so strict.  In general, it is necessary that these rules be adopted, and then we will discuss them.
1885  Bitcoin / Legal / Re: Stablecoins get more regulated on: December 19, 2020, 04:46:48 PM
I wonder about how they plan to regulate foreign stablecoins, such as USDT, and how they plan to control how U.S. customers use them.

I guess they have some leverage because they can control access to USD, but I am curious about how that might work.
Each state has the right to require certain rules of conduct in relation to their national currencies, which are collateral for their non-stable coins.  They can also and have the right to regulate the circulation of all types of money that are used as a means of payment in their territory.  Therefore, for example, the US can ban all stablecoins that are backed by its dollar.  Over time, government regulation of stablecoins will become tighter and governments will have appropriate leverage if they act together.
1886  Bitcoin / Legal / Re: Are You Afraid of KYC? on: December 19, 2020, 04:31:32 PM


I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.

Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.

What are your apprehensions about the KYC procedures that will soon be as popular as noodles?

Personally, I treat KYC calmly and with understanding. I will give an example, if you come to the bank with a copy of the documents and want to take out a loan, then you will not succeed, if you have someone else's passport, it will also not work, for this you need a passport and a passport holder. What are your passport copies for? Perhaps for other things we do not know about, but again without you and your original document, the copies are not valid. As for KYC itself, I believe that no matter how much they talk about decentralization and its security, serious companies will always use KYC to at least get rid of scammers and bots. Don't you worry when you invest in a crypto project about the founding team of which nothing is known? I believe this is a greater risk. KYC is definitely necessary and not so scary, but if there is an opportunity to do without it, then this is also very good.
The example you gave is not very good.  If we come to the bank for a loan or to resolve other issues, as well as if we apply to other state or even non-state bodies, we know who we are contacting and in case of any problems, we can always solve them in the future.  If we participate in ICO bounty campaigns, we are absolutely not sure that these are the people they claim to be.  As a rule, they are in another country and we will never see them.  The difference is huge.  In addition, a significant part of ICO project teams in the end still turn out to be scammers and therefore our fears are not groundless.  I am not afraid of KYC, I hesitate to provide my identification data to persons who may turn out to be fraudsters or simply leak them.
1887  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Youengine (YOUC) failed on: December 18, 2020, 05:32:59 PM
YouEngine looks like a failed project, but if I look at YouEngine is not a failed project,
because that makes it seem like a failure because of the Dump that occurred by bounty hunters who sold their coins blindly, it is disappointing.
But you have to keep in mind that the staking feature will reportedly be released at the end of the year.
I do not consider this project a failure at all and keep the YOUC tokens received for participating in bounty campaigns.  The fact that the project team did not try or could not pump up the price of their token does not at all indicate its failure.  The project should develop over time and then the token will grow in value.  In any case, this is better than creating a large advertisement for the project, artificially pumping the price of the token first and its very low drop over time.
1888  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this the end of Monero? on: December 18, 2020, 04:54:34 PM
Monero will always be used and be the top privacy coin,
especially now that Monero is above the $ 120 resistance, the bullish possibility for XMR is very big,
and this is not the end of Monero!
Today the price of Monero is already $ 154, which means that the price of this coin has increased significantly over the past month.  Therefore, nothing happens to Monero as a highly anonymous coin.  You can declare anything you want, but you only need to judge the events and draw conclusions based on deeds.  This coin has proven itself well for a long time, and you shouldn't even pay attention to such statements.
1889  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Don't wait for the market, start selling in parts! on: December 18, 2020, 06:15:27 AM
If you are invested in Bitcoin, we have reached at the stage where it is very confusing whether to hold for more gain or sell at the current price. You will have started seeing traders and influencers posting snapshot of fancy profits they made and they are waiting for handsome XYG price fulfilment. Well, take them lightly and don't follow blindly. Be cautious to avoid losing your funds. This is a crucial times for newbies, especially.

So, if you are a holder you will most probably be thinking about waiting more until it gets to XYG price. This is not a good move in such volatile, ATH-hitting market. So, I think selling in parts can be the best strategy at the moment. You will minimize risks while getting good prices in parts. What do you think?

Honestly I think this is a good strategy no matter what market you are in and if you are on the selling or buying side.  Selling and buying at specified times guarantees you won't be all in on risk on missing the upside or selling the tops. Cost averaging in and out of positions helps with stress and the constant chart watching too Smiley
At the same time, even with a partial sale, we still run the risk of losing lost profits.  For example, I have a certain amount of ethereum.  Is it worth selling even 10 percent now, if in the future we expect its large price growth through the update of this coin?  Everything is clear with Bitcoin.  In the future, it will have a price and much less than the current one.  What about ethereum?
1890  Economy / Economics / Re: Banks going in stable coins news its starting now on: December 18, 2020, 05:27:33 AM
They will probably make some stablecoins that is based on government or a big company and at that point they will be capable of going into crypto a lot easier as well. Think of USDT being backed by the USA government, there would be a lot more trust to it wouldn't it?

Even though we hate the fiat version of USD because it is backed by the government, we could let them control a stablecoin because that is not a must and optional thing and they could ruin it or print as much of it as they want, and in the end as long as people want to use it, they can, and if they do not want to use it they can ignore it. I do not use USDT for example that much, it is an option for me, USD is not like that, people have to use it in USA because that is the only option available in the fiat world.
In the future, virtually all states will have their own central bank stablecoins.  That is, their fiat money will be used in this case using blockchain technology.  Such stablecoins will perform much more efficiently than their regular non-cash payments.  I see no reason for governments to maintain private and commercial stablecoins that they do not control and may disappear over time.
1891  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC reached another ATH, what about ETH? on: December 17, 2020, 07:00:53 AM
If bitcoin made a new All Time High record now in the crypto market, do you think  Ethereum will also follow and break it's ATH last year January 2018 which is more than $1000?

We have always observed that if bitcoin rises in value, most altcoins follow as well. Even now that bitcoin has reached another ATH, altcoins are also increasing and now, market is in green celebrating the bitcoins new record.
We remember that when Bitcoin set its previous price record in December 2017, after a while ethereum reached a price of $ 1,400.  Therefore, it is quite possible that if the price of bitcoin for some time will hold at least at the current price level reached, then ethereum should continue to grow in price.  Compared to prices three years ago, the price of ethereum is still far behind the price of Bitcoin.  Meanwhile, ethereum continues to successfully update according to Ethereum 2.0 and this should also affect the price of this coin.
1892  Bitcoin / Bitcoin Discussion / Re: Experts...how long do you think this bullish trend will last? on: December 17, 2020, 06:46:32 AM
To the experts...how long do you think this bullish trend will last? This is quite exciting. The third wave was predicted to be at around 21.2k by the end of December and it’s already blown past that mid-December. Let me know...thanks

Regards.
So far, bullish growth trends continue for the future.  We expect further price increases in Bitcoin and other cryptocurrencies next year.  However, it is completely impossible to predict the movement of Bitcoin for a short time.  With the same degree of probability, now the price of bitcoin may rise further or fall.  However, this will not prevent its further general price growth.
1893  Economy / Speculation / Re: Bitcoin touch 22000$. 🤑 what's Next? on: December 17, 2020, 06:33:14 AM
Bitcoin is now over 21k+ now we can ATH and its touch 22k+ What you think about btc next move?
Now the price of bitcoin is already $ 22,061.  Yesterday morning we saw its price just over $ 19,000, and over the course of a day its price rose by almost $ 3,000, immediately breaking several price records.  We really assumed that after overcoming the price of $ 20,000, and even more so $ 21,000, the bitcoin price would have to fluctuate until it consolidates at a new level.  However, Bitcoin surprised us once again.  Probably, other similar surprises await us before the end of the year.
1894  Economy / Speculation / Re: $25,000 can be achieved by end of year? Or January 2021? on: December 17, 2020, 06:17:31 AM
Finally we have achieved the most awaited mark of $20,000 now what's next? Do you think Bitcoin will cross the next landmark of $25,000 by the end of the year or it might happen in 2021? As per my earlier prediction based on market analysis I thought the value of Bitcoin will cross $20,000 by second week of December which seems bit sceptical at the beginning of this month but now it has come true and of my prediction goes right then Bitcoin will reach $25,000 by the end of this month as next 14 days will be more bullish or chaotic.
At this rate of bitcoin price growth, by the end of this year, bitcoin may still be able to reach the $ 25,000 target.  Just yesterday morning, the price of bitcoin was slightly above $ 19,000, and now it is already at $ 22,149 according to CoinMarketCap.  We will remember this December for a long time.  Especially if this rate of growth in bitcoin continues for at least another week.
1895  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [AMEPAY] Signature Campaign Round 2 | Member to Legendary ⚡Weekly Payment by AME on: December 16, 2020, 03:52:46 PM
#PROOF OF REGISTRATION
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1896  Economy / Economics / Re: Loans are cheap good time to use loans for Investment in btc on: December 16, 2020, 09:40:50 AM
Although we hope that Bitcoin and other cryptocurrencies will actively grow in price in the coming year, I would not advise taking loans and credits to buy cryptocurrencies.  Loans are usually issued against the security of movable and immovable property, they must be repaid regularly.  However, cryptocurrencies cannot always provide regular predictable profits.  There is also a significant risk of losing your investment.  Even on this forum, some wrote that they had big losses from the invested credit money in the cryptocurrency.
1897  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Nimbus - Creating Value Based on Real Use Cases for Digital Assets on: December 16, 2020, 05:57:05 AM
I see that DeFi projects do provide new opportunities and conveniences for cryptocurrency market participants and the Nimbus platform is one of these promising projects.  I would like to know if the Nimbus team plans to conduct bounty campaigns so that members of this forum can earn NUS and GNUS tokens.
1898  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Polkadot going to Kill Ethereum? on: December 15, 2020, 03:52:59 PM
I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain
Well said. Without going into much Technical details, Polka dot is very young altcoin and was listed on Binance exchange few months back , In this very short period the value of DOT has soared more than 100%. What is more fascinating about Polka dot that Trading volume has grown exponentially.
As a rule, projects that rise quickly and their tokens quickly grow in value also quickly then fall.  Therefore, such statements should not be taken seriously.  Even if this project turns out to be successful, it will not threaten the ethereum network with anything serious yet.  Good competition is always an incentive for growth and development.
1899  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoin regulations might force ETH nodes to comply with the government on: December 15, 2020, 03:34:07 PM
It hardly describes exactly what restrictions the US government is preparing in relation to the circulation of stablecoins.  It should be borne in mind that the US government may not even regulate, but prohibit the use of stablecoins that are backed by their dollar.  They have the right to do so, and the Chinese government has already exercised this right in relation to its yuan.  
I think that nothing threatens the ethereum coin and validators yet.  If they process transactions involving prohibited stablecoins, then tracking them by IP address will do nothing if there is no international treaty on the extradition of criminals between the United States and the relevant state.  This is in the event that these actions are recognized as criminal.  However, this is unlikely, since the public danger of these actions will be too low.  However, to discuss this in detail, you first need the law itself.
1900  Bitcoin / Bitcoin Discussion / Re: "The Great Reset" on: December 15, 2020, 05:23:27 AM
It sounds noble, but I am sure that something is hidden from ordinary people as always. Since not all countries will participate in such a reset program, namely, third world countries will not participate. I am sure that this will be one big experiment on "tightening the screws" for the ordinary population, presented under the guise of improving the ecology, which is also very important for the world government, since there is now a significant overpopulation of the planet in the world, and this has a very detrimental effect on the ecology of the planet.
Despite the fact that the upcoming congestion may be and will be a period of “tightening the screws” for most people, we still need to change our attitude towards the consumer use of the environment.  Our world is now rapidly approaching a global environmental disaster.  Perhaps we will finally abandon the use of oil and gas and switch to renewable energy sources - sun, wind and water.  Even this will radically change nature and all other restrictions will not be needed.
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