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1941  Bitcoin / Legal / Re: bitcoin legal or not on: December 01, 2020, 05:17:49 PM
I am new to crypto currency and I don't know the Bitcoin is legal or not plse help me
You can not worry about legal bitcoin)
Bitcoin will be legal only if the legislators or the government of a particular state formally in law or by-laws determine the status of Bitcoin and other cryptocurrencies, as well as the conditions and procedure for their circulation in the state.  If the state has not yet made any decisions on the cryptocurrency, it can still be used until there is a specific prohibition on the part of the authorized state bodies.
1942  Bitcoin / Bitcoin Discussion / Re: Did Covid19 effected bitcoin positive or negative? on: December 01, 2020, 05:02:29 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19.

The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.

If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.
Well, I completely agree with your opinion.  People during the coronavirus pandemic will more use non-cash forms of payment as a means of payment.  Cryptocurrency is still very weakly used directly as a means of payment due to the lack of an appropriate infrastructure for this.  In return, governments will indeed issue their national digitized central bank currencies as another form of cashless settlement.
 The coronavirus pandemic is affecting cryptocurrency ambiguously.  At the initial stage, it sharply lowered prices in the cryptocurrency market, but then it positively and diversified affects both the price of the cryptocurrency and the demand for it.
1943  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto market is plunging on: November 29, 2020, 07:09:52 AM
bitcoin movement starts today and will show a rebound. I think the price of bitcoin will touch the point of $18000 until the end of the year it will increase slowly.
That's predicted by a lot of experts and the correction will be a short term correction consider the sentiment of bitcoin market is a very good due to the so many bullish news have come to the market since a few days ago. People didn't know if the correction will always become the best time to buy some bitcoin. 18k will be a very easy rate to be achieved by bitcoin.
The bitcoin already expected to surpass 20k rate before the end of this year.

Yes, this has already been confirmed.  The correction actually began on November 26, and the next day the prices almost stabilized, and now, three days later, we already see the slow growth of the cryptocurrency market again.  Bitcoin is now priced at $ 17,791 and ethereum at $ 540.  In a few more days, the cryptocurrency will again recover in the same price values ​​that it had before the start of this correction.  By the end of the year, it will still be able to rise significantly, as we expect.
1944  Bitcoin / Bitcoin Discussion / Re: Rumours that Bitcoin was created in Russia on: November 29, 2020, 06:46:50 AM
This argument has no evidentiary value.  Satoshi Nakamoto has taken steps to remain anonymous from the very beginning of his work on the creation of bitcoin.  Therefore, for a good programmer, changing the IP address, I think, is not a big deal.  From the current position, it is no longer possible to establish the identity of the creator of bitcoin.  This is only possible if he himself wants to show up and then, provided that he foresaw such a possibility in advance and left evidence on this score.
1945  Bitcoin / Bitcoin Discussion / Re: Warning by Coinbase of Treasury Rule Change for KYC All Addresses. Poll! :) on: November 29, 2020, 06:29:48 AM
If the requirement to pass KYC will apply to each transaction and this will present a certain inconvenience, then traders and participants in the cryptocurrency market in general will not use exchanges under the jurisdiction of the United States.  After that, many exchanges will move to other countries.  I don't think that such a requirement will last long.  There are also FATF recommendations dated June 21, 2019 that KYC is required only for transactions over one thousand euros.
1946  Alternate cryptocurrencies / Altcoin Discussion / Re: Libra is planning to launch in January on: November 28, 2020, 07:14:00 AM
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
To judge the Libra stablecoin, we first need to look at what's left of it and how it will perform.  Now it is not even known exactly what relation this coin will have to Facebook and whether the issues of its circulation in the territory of the European Union have been resolved.  So far it is known that it will be backed by the dollar and registered in Switzerland.  It looks like it won't be much different from other stablecoins.
1947  Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook Libra finally launching? on: November 28, 2020, 06:50:52 AM
It is a good development. It was on Wednesday when I read about their new hire of a General Council to oversee the Libra Network that I had an idea that the launch of the project is going to come sooner than one would expect.

With its 2.7 Billion users worldwide, an eventual successful launch of the payment systems will definitely change a lot in the Fintech space and I can only wish the network success as they move on with the launch.

It's a worthwhile project and I believe it's going to add some value to the cryptocurrency space.
The Libra project has changed so often during these one and a half years that it is not known what is left of it and how it will continue to work.  Earlier at a hearing in the US Senate, Zuckerberg had to agree that the Libra coin would have nothing to do with Facebook.  Later, many of the currencies that the Libra coin would have to provide were also abandoned.  It should also be remembered that earlier the finance ministers of the European Union countries stated that they would not allow the circulation of this coin on their territory.  It looks like Libra will no longer be any different from many existing stablecoins.
1948  Economy / Speculation / Re: Bitcoin bullrun and correction period on: November 28, 2020, 05:27:20 AM
The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.

The market now is already in bloodbath, bitcoin is still at $17k which is still a good price but the way the market is moving looks like big investors are already selling off, after the bullish run, the bear market will slowly take over.
I see that the fall in prices in the market has stopped.  For the third day in a row, Bitcoin is at over $ 17,000, and ethereum is at over $ 500.  Holders of the cryptocurrency are in no hurry to sell it, so far those who could not stand their nerves and who urgently needed money did it.  It seems that the price correction will not last long and the bullish run may continue in early December.
1949  Economy / Economics / Re: China is looking to get rid of the US dollar on: November 28, 2020, 05:08:19 AM
Of course, China wants to reduce the dollar's impact on its economy, and this is quite logical.  So far, I see that the Chinese government is doing it well.  China recently concluded an agreement with 14 countries in the Asia-Pacific region to create a common free trade zone.  In addition to creating its own digitalized yuan, which is likely to have a dominant influence in the region, a regional stablecoin is also being created to circulate here.  The Chinese government is very seriously preparing for further trade rivalry with the United States.
1950  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Conventional Currency on: November 27, 2020, 07:58:02 PM
Can anyone please tell me if Bitcoin is better than Conventional Currency. If yes, Why?
There is no such thing as absolutely perfect money.  The common currency of states has a number of disadvantages, and bitcoin was conceived as an alternative means of payment for this money.  Having a number of advantages over the currencies of states, bitcoin and other decentralized cryptocurrencies also have their disadvantages.  Therefore, it is impossible to say unequivocally which means of payment is better.  The currencies of states and cryptocurrencies must circulate in society at the same time  Then they will complement each other's capabilities.
1951  Bitcoin / Bitcoin Discussion / Re: Will the government accept it? on: November 27, 2020, 07:47:28 PM
This is the reality as long as we are modern.  Think back to ancient times when people didn't know what money was.  They make transactions through products.  That is, one would replace the other's meat with vegetables.  And that was the process of their transaction.  People have changed over the course of the day.  At one time they used the leaves of the tree as a means of transaction.  Later, gold coins and silver coins were gradually introduced.  And today paper money has been created to make transactions easier.  But even 300 years ago there was no bank, and today we cannot go without a bank.  In the same way, 20 to 30 years from now, maybe the banking system will go up.  Because people don't want anyone else to know their bank account.  And people will choose digital cryptocurrency as an alternative to this bank.  Bitcoin may be his alternative.  Bitcoin is a decentralized process. This means that there is no need for a third party in this process.  There will come a time when people will no longer take the help of banks.  They will manage all the activities of daily life starting from shopping through digital cryptocurrency.

  If my idea proves to be correct, will the government of the country accept it?
 1. Will the government of a country ever want their banking sector to be abolished?
 2.  How will the government collect taxes from the people?
 3.  If the government can't keep track of people's legitimate money, won't corruption increase?
Of course, states will never abandon the banking system.  In fact, state-owned banks are part of the state.  They ensure the circulation of the national currency and help serve the country's economy.  For the states, there is still no alternative to national money and the banking system.  It is unlikely that states will use a decentralized cryptocurrency.  They intend to issue their national digitalized central bank currencies for now.  The cryptocurrency can move in parallel with them.
1952  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Tax Implementation on: November 27, 2020, 07:20:25 PM
In Japan, the cryptocurrency was legalized back in April 2017, and then taxes were introduced on profits for its use.  In the first six months, this allowed to increase the country's gross domestic income by 0.6 percent.  This is an example of mutually beneficial cooperation between government and citizens in cryptocurrency.  It cannot be otherwise.  If someone thinks that cryptocurrency allows us not to pay taxes, then he is wrong.  The state has enough leverage to force it or drive cryptocurrency underground.
1953  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why Ethereum dropped 15% in only 1 hour on: November 26, 2020, 08:26:24 PM
It seems the correction has already happened. And it almost equals the growth that was achieved in the past few days. That was just a matter of hours before the increase was totally wiped out.

But no worries. That was somehow expected anyway. That's always the case when there is a pump. People will seal their profit by selling their crypto holdings including Ethereum. Everything's pretty normal. In just a matter of hours also we will be seeing the price of Ethereum and other altcoins get back to having green candles. After the selling is done, the buying resumes. This is still a bullish season overall.
The fall in the price of bitcoin and ethereum is too strong for the situation to be corrected in just a few hours.  Bitcoin fell by almost three thousand dollars in a day, and ethereum by one hundred dollars.  It took them a much longer journey to rise to such price values.  In addition, there is no guarantee that the fall in prices will stop there.  It will probably take considerably longer.  It seems that this year Bitcoin will no longer be able to climb to $ 20,000, as it did in December 2017.
1954  Bitcoin / Bitcoin Discussion / Re: What do you think about the price of Bitcoin now? Take profit or greed? on: November 26, 2020, 07:59:37 PM
The current Bitcoin price is actually quite high. If you really want to sell, I think you can get a big profit. However, if you really want to hold until the end of this year, that is fine, because it is likely that the price will still go up again.
Your right, we'll waited from around 2018 till 2020 for a good way to take profit from our various investment but here it come; but there are series of confusion among members, on when to take their profit. As for me, am good for a profit at this time when Bitcoin almost hit the $18.9k+ becasue some of my holdings were back in 2019 when Bitcoin was low in it price, compare to now which is impressive. There are people who don't want to take profit now but wait for Bitcoin to hit $20k+ before they do, this can be risky becasue the price of Bitcoin can rollback again.

Greed isn't wrong at all as long as we calculate the risk, $18,9k is safe for sure but it's too early in my perspective, if bitcoin predicted to fall after hit $20k, why not sell at $19,8k+? Bitcoin may encounter resistance level at $19,5k-$19,8k but if it manages to surpass $20k by the end of this month or in early next month, bitcoin should be able to reach up to $30k by the end of the year, so for me it is an obvious choice, keep holding until the end of December.
Now it is already obvious that those who sold at least part of their bitcoins yesterday at about $ 19,000, already have a decent profit today.  But bitcoin may continue to fall in price further.  Many people really thought that Bitcoin would first reach its previous price record of $ 20,000, and only then it would go to correct its price.  So I think: how will the price of bitcoin grow to the predicted one hundred thousand dollars and even three hundred thousand dollars next year, if in this case it has to go to correction many times along the way.  For this, probably several years will not be enough.
1955  Alternate cryptocurrencies / Altcoin Discussion / Re: WOMAN WHO CREATED A FAKE BITCOIN STILL ON THE RUN. WILL THE POLICE GET HER? on: November 26, 2020, 07:33:18 PM
As far as I understand, OneCoin is an ordinary token and has nothing to do with Bitcoin.  I was attracted by the title of the topic about fake bitcoin, it turned out that the title of the topic simply did not match the content.  
As far as this scam is concerned, of course the $ 4 billion raised is too huge.  It is also strange that no one heard about the ICO or IEO for this fraudulent project and did not know about such a token.
1956  Alternate cryptocurrencies / Altcoin Discussion / Re: What about IEO in altcoin season? on: November 25, 2020, 02:43:16 PM
The current IEO is still fairly normal, there are no trends, even though now the DeFi project is more hype but rarely does IEO on the Exchange, they prioritize private sales which are more profitable to investors than IEOs and after the private sale they do the IDO (Initial Dex Offering) that I know
I believe that in the current period of general growth in the cryptocurrency market, ICO, IEO, and other forms of fundraising and issuing tokens should work well together.  ICO is the easiest way to raise funds and distribute tokens.  Not every team has enough free funds to pay for listing on a good exchange in IEO format.  Both forms will exist for a long time along with other, newer species.
1957  Alternate cryptocurrencies / Altcoin Discussion / Re: Avalanche can be the Ethereum Killer? on: November 25, 2020, 02:13:54 PM
Even if good projects appear on the cryptocurrency market that will have functions similar to ethereum, this still means little.  Three years ago, EOS was also said to be the main competitor to ethereum.  Since the inception of EOS, this coin has also had better functionality, but we never saw real competition.  Let new projects like Ethereum appear.  Competition is always good, it forces teams to work to improve their creations.  In the meantime, the Ethereum coin has nothing to fear.
1958  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH 2.0 on: November 25, 2020, 07:57:05 AM
I love Ethereum and Chainlink. Ethereum is the best cryptocurrency in the market. Ethereum is called the mother of cryptocurrency. If ETH 2.0 is launched, there will be many fast transactions. Many projects will use ETH blockchain. I think ETH price will increase day by day.

Before ETH 2.0 was officially launched on December 1, the ethereum price had already crossed $ 600 and I thought the price might continue to rise against Bitcoin or US Dollar. It could be that ethereum prices hit $ 1000 like 2 years ago because ethereum is already known by many retail and institutional investors
For ethereum, the price of one thousand dollars is already quite real.  It should reach this price, but the only question is when it will happen.  This will depend primarily on the general state of the cryptocurrency market and the success of the Ethereum 2.0 launch.  However, most likely, this will happen in the first half of next year.
1959  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why Ripple (XRP) Soared 140% This Week to Reclaim Third Spot From Tether? on: November 25, 2020, 07:41:00 AM
Ripple has good functional characteristics and in some countries ranks first among cryptocurrencies as a means of payment.  In addition, the banking system reliably stands behind this coin, which uses the ripple network to carry out its transactions.  In addition, the cryptocurrency market is growing very rapidly right now.  What else is needed for the price growth of a potential cryptocurrency.
1960  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP Could Hit $1 This Year on: November 25, 2020, 07:30:56 AM
XRP at $1 – XRP’s Bullish Trend to Begin
Ripple, a platform that aims to provide seamless, hassle-free, and low-cost cross border payments, has recorded its growth on many blockchain entities. The native token of Ripple, XRP is also expected to have a bull run with a price possibly touching $1.

XRP gains 7% against USD
Digital asset XRP has taken the crypto market by storm. With an impressive 7.40% increase in the last 24 hours, XRP is currently trading at $0.483125.

The Altcoin is holding the Market capital of $21,899,173,284 with $16,252,703,967 trading volume.
Well, this is quite realistic, given the current high rate of price growth and ripple capitalization.  This coin has already risen in price to $ 0.65 and has a capitalization of $ 29.7 billion.  At the same time, ripple quickly surpassed tether in terms of capitalization and now exceeds this stablecoin by $ 11 billion.  The success is impressive.  Gain 35 cents in more than one month with good growth in the cryptocurrency market, I think ripple can do it.
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