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1241  Economy / Trading Discussion / Re: Either Bitcoin will end or we will be at the peak of inflation on: August 20, 2022, 10:50:49 AM
Bitcoin is not here to solve all issues on Earth so it does not solve inflation issues from banks. Never.

Banks and governments create issues and they have to solve them but I am very doubtful that they don't have intention to do it.

The issue can become bigger, worse at some points or looks better temporarily but it has never been solved. Chronologically inflation is non stop.

https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

1242  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are soccer tokens pumping on: August 19, 2022, 02:34:51 PM
We will see more pumps from fan tokens before the World Cup 2022.

Binance is very active to cooperate with soccer clubs from Europe to America continents. The Word Cup will not a big event and gives them big reasons to pump fan tokens.

Fan tokens will be very good for your portfolio this year but I don't advice to buy them now, today after they pumped crazy already. Wait and find other opportunities when they are in red and accumulate them.
1243  Bitcoin / Bitcoin Discussion / Re: How often do you use Bitcoin? on: August 18, 2022, 12:45:24 PM
Use Bitcoin to buy something in e-commerce crypto-accepted platform, not too often
Use Bitcoin to trade on exchanges: daily
Use Bitcoin to get cash (fiat): sell Bitcoin and get fiat. Each 2 or 3 months.

Honestly I have never used Bitcoin with Lightning Network.
1244  Alternate cryptocurrencies / Altcoin Discussion / Re: Best wallet for altcoins ? on: August 16, 2022, 02:52:19 PM
You can use wallet of each project or use multiple token wallet but it should be non custodial wallet. You must own key or seeds of your wallet to control the token you have.

If it is tokens, I think best wallets are Myetherwallet, Metamask, Trust wallets. They are good for multiple chains too. They are non custodial wallets and you can customize gas for your transaction too.
1245  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think metaverse have a place in the world on: August 16, 2022, 02:47:51 PM
I think with the past bull run, many metaverse projects became trending but they didn't last when the bear stomped all of them. I'm optimistic in the future and Metaverse is relevant on that growth but I'm sure that not all of the metaverse projects are going to be needed when that time comes.
If they can survive in bear market, they can return in next bull run but not all Metaverse projects are legit. If they are scam projects and developers only want to collect money from their promises, white paper, and run, they will not continue developments in bear market.

I think Metaverse will be another big trend in next years but I don't like it too much. With Metaverse, people will connect more with the Internet that are harmful and negatively affected their mental health. I don't like it. Even the Internet, social media already change our lives. We have less family interactions in real life because of mobile devices and other things on virtual world.

Metaverse will make it worse.
1246  Other / Beginners & Help / Re: Recovering stolen funds on: August 12, 2022, 02:18:45 PM
Can a stolen funds be recovered from the  scammer by a forensic experts?
Crypto transactions are irreversible so when you lost your fund, you can not get it back.

Chances are when you submit a report to police, government and they help you to find the scammers.
Sometimes you will see white hat hackers stole funds and refund it to projects. I am not sure they are really hack cases or just manipulating ones.
1247  Bitcoin / Bitcoin Discussion / Re: I Finally Helped My Friend Invest $50000 Into BITCOIN for Retirement. on: August 12, 2022, 02:07:59 PM
He's rich and willing to spare/invest about $50000 into something that will grow over time ,that is in the long run.
Nice story.

You would be very well in convincing your friend if you are not rich. If you are rich too, it would be easier for you to convince your friend. Usually your friend will have more reasons to believe you if you get rich by your investment in Bitcoin. Real story, real investment, real get rich story, it is more convincing for your friend.
1248  Bitcoin / Bitcoin Discussion / Re: I started business many days ago. Now it's time to accept Crypto as a payment. on: August 11, 2022, 11:04:17 AM
This topic likely belongs to Service announcements but if you moves it to that board, I think you should add more details of your business service.

If you don't want to add more details of your service, you can move it to Service Discussion. I think two boards are better than the Bitcoin Discussion board.

You mainly accept Bitcoin so you can consider Lightning Network too.
1249  Alternate cryptocurrencies / Altcoin Discussion / Re: Avalanche [AVAX] can really get a famous platform for DeFi, store of value + NFT on: August 08, 2022, 02:40:12 PM
Avax has a great potential but you can go so far with just potential, they need to find a way to attract a ton of projects under their chain. I am not saying there are none, because there are a lot of them in small caps, but look at ethereum, there are literally tokens over a dozen of them in top 100 with ethereum blockchain.
Potential projects with me are in bear market, at bottom price, I consider them as potential ones for my portfolio. I don't care much about how their team will develop new technologies in future. It is not necessary for my decision. I don't speculate what they can achieve in future.

Price falls deep enough and is in accumulation phase that is where I will consider to participate in. I don't wait for their technology upgrades to take profit. Just news or whatever that can bring the price up, I will exit and it is enough for me.

I don't hold it too long and feel headache with it.
1250  Alternate cryptocurrencies / Altcoin Discussion / Re: What I have learnt about wazirx on: August 07, 2022, 10:44:24 AM
Interesting how CZ has denied any connection with Wazirx. It was funny to read the tweets about this exchange being owned by Binance and then that supposedly Binance is not aware of such a project. And now CZ offers to transfer all funds from one exchange to another. As if all this did not lead to a new market crash, because Wazirx was a big exchange.
Two years ago, I remember that Binance promoted Wazirx a lot and from Binance, you can even have a link to Wazirx exchange. I did not use Wazirx because I already use Binance but many local in that nation would use that exchange more because Binance is a backer.


Lesson from Wazirx case, don't trust any exchange and store all your money there. They can be shut down, they can make a scam exit, they can be hacked and collapsed then are unable to compensate users. Many reasons to cause loss for your capital if you store it on exchanges.
1251  Alternate cryptocurrencies / Altcoin Discussion / Re: Will we see ethereum PoW forks? on: August 07, 2022, 10:11:48 AM
Just prepare for a fork to PoW and PoS. Some exchanges prepare for forks after the Merge including Poloniex exchange.

Poloniex supports & lists Ethereum (ETH) potential hard fork tokens.

The announcement for support is good to keep ETH on their exchanges. If they don't have plan and announce it, users will move their ETH to other exchanges and when it happens, it is hard to see their customers to return.

It is a hook to attract potential new users and keep current users stay on Poloniex.
1252  Bitcoin / Bitcoin Discussion / Re: How do whales keep their massive amounts of bitcoin? on: August 05, 2022, 01:40:30 PM
If so, do they keep everything in one wallet or do they split the bitcoin into several different wallets?
They would store their Bitcoin in different wallets and with different wallet types.

It is risky if you use only one wallet brand to store your Bitcoin. Always blackswan event can happen.
It is less risky if you store your Bitcoin in different wallets (with different keys/seeds) with one wallet brand.
It is more less risky if you store your Bitcoin in different wallets with different wallet brand.

So if one brand has issue, you still have Bitcoin in wallets from other brands.
1253  Alternate cryptocurrencies / Altcoin Discussion / Re: Good and adequate staking platforms on: July 31, 2022, 02:08:35 PM
Why take risks because of 10-15% per annum with your capital?
And don't use centralized exchanges for that.
I agree.

Storing coins on centralized services is risky and we have risk to lose all money. For services that provide passive income to users, risk would be higher. Because these services have their risk of imbalance between inputs and outputs on their platform finance. If their finance is broken, you will likely lose your money there.

You can end without any compensation from them too if in the end, they go to be bankrupted.

Quote
It is better to buy coins when they are cheap and sell them. Annual profit will be higher and less risk.
It is a good advice and I agree. However, buying altcoins in bear market when it is still finding the bottom is not smart. Altcoins are more vulnerable in bear market.
1254  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins is a good way to keep and save money or not? on: July 31, 2022, 01:43:30 PM
Failure may await a clever speculator in one of the stages of the scheme you have described. By exchanging tokens for stablecoin, it may turn out that the price of stablecoin will collapse, as it has already happened. These are direct losses. It may even turn out that stablecoin will cease to exist, which means that there are very big risks. So far, all known stablecoins are more or less holding up, but many have doubts about their stability and reliability. As a transit token, stablecoin can only be used for a short time.
In theory, stable coins are safer than tokens when you need to store and maintain your portfolio value. It is true only if a stable coin you choose to store your money is strong and does not lose its peg. You are fine if it won't depeg.

To be safest, you must choose fiat currency like USD if you don't want to store your capital in tokens. To maintain value in number, I would prefer in ordinal priority like fiat currency, stable coin then cryptocurrency. With cryptocurrency, I would prefer from Bitcoin to Ethereum, BNB. Tokens are at last orders in my priority.
1255  Alternate cryptocurrencies / Altcoin Discussion / Re: Fed raises rates, crypto prices rise as a result on: July 30, 2022, 09:26:05 AM
FED raises rate, crypto plummets as a result of it. FED raises rate, crypto consequently increases.

Do you see any logic here? It's not. In fact, there are effects from increase or decrease of rate, of recession, inflation, etc. but most of times, people over react against news and fact. After FED tightened their policies a few months ago, we can imagine that interest rates will increase for a while before it will be stable again.

What we see on the market are instant panic and lag effect of it. When instant emotional effects finish, the same news later will not show any big effect like what we see in the latest FOMC.
1256  Bitcoin / Bitcoin Discussion / Re: Why are so many Derivative Exchanges are filling for Bankcruptcy ? on: July 30, 2022, 06:02:09 AM
Bad capital management is cause of all bad things.

With bad capital management, any blackswan event will cause a collapse of that company financially. It can be a hack by bad security. It can be an attack like Terra Luna. It can be massive liquidation calls like Celcius, Three Arrows Capital, Voyager etc.

But if you have bad financial, capital management, your company is always at risk of bankruptcy.

In personal view, for your personal account, if you have bad management, you will be at risk of liquidation or lose all money with one failed or scam exit project.
1257  Alternate cryptocurrencies / Altcoin Discussion / Re: which token should I use for my investment ? on: July 29, 2022, 11:43:01 AM
Can anyone tell me which token should I use for my investment which will give me profit in a short time as I am investing for the first time?
Don't invest if you are not affordable for loss.

Be aware of risk of your investment. About investment risk, tokens have more risks than coins. Because tokens don't have their own blockchains. All transactions are on a blockchain they did not own. So the price of that token will rely on their products and that chain. They can control their products but they can not control that chain.

About risk of coins, Bitcoin has less risk, altcoins have more risks.
1258  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Terra Classic scam? on: July 29, 2022, 11:31:16 AM
Whoever told you that luna classic was CZ's idea, I think he was vehemently opposed to making a fork is luna classic. It was the smart idea of Dokwon who took away a lot of money from luna investors and he succeeded in creating a second scam coin.
No, it is not idea of CZ who suggested to avoid a fork to Luna and Luna Classic. He tweeted that he supports the idea to buy back and burn Luna. Buy back and burn creates value, not fork.

His tweet. Later when Do Kwon announced that team chose to fork and published a proposal for vote, CZ tweeted "SML" Shake my head.

Quote
You are one of the brave people investing in luna classic, I wish you good luck with your investment. I hope you have done your research and not invested in someone's advice.
I think it is still good to buy around $0.00006 weeks ago and hold. Just don't use all money you have to invest in Luna Classic and this coin if won't die, will need a lot of time to recover. Invest or trading it but never use leverage with Luna Classic. You don't know what games they will play.
1259  Bitcoin / Bitcoin Discussion / Re: When you check the market after 4 months! on: July 28, 2022, 10:53:38 AM
You will see the market is very good if you look at it after 4 years, 8 years. It helps you to skip all pumps, dumps, crashes, fluctuations, etc. and you will be able to hang out, enjoy your life.

4 months is too short and if these 4 months are in a bearish market, you will likely get negative emotion and maybe do stupid orders that will cause loss.

Market can have minor and major psychological cycles but focusing on major cycles will be better. Like now, we don't have to be headache with what happened in whole of 2017 year. We will consider it the same in 2024 or 2025 when we look back at the market in 2022.
1260  Bitcoin / Bitcoin Discussion / Re: Can Stolen Bitcoin Be Recovered on: July 28, 2022, 10:50:24 AM
Bitcoin transaction is irreversible. So when your Bitcoin was sent to any address that does not belong to you, you lost it, forever.

You can not recover it, never.

But you can recover your wallet if it was hacked, compromised. It does not make sense if all Bitcoin in that wallet was stolen already. However, with a non custodial wallet, you can do more than just making a transaction. You can sign a message from that wallet (from a public address and a key) and sometimes, you have to do this for business deal.

But because that wallet was compromised, you should abandon it after you can prove your ownership and inform others (trade, business partners) about the situation. After that, you must use a new wallet for storage, signing message and so on.
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