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1921  Bitcoin / Bitcoin Discussion / Re: It's not a good rise, actually it's bad on: February 11, 2021, 08:12:47 AM
If that was the case then it really is bad, we can't fight the popularity with individual opinion, Keynesian beauty contest suggests that we are not in control of who is popular but the combined opinion of the many which means that if someone of a celebrity status were to make a statement that will affect a stock or in this case a cryptocurrency then that means that a lot of people will follow that opinion, you should know how advertisement works because that will be the same. What OP is just a what if situation so I don't think that we don't have to worry about it.
1922  Bitcoin / Bitcoin Discussion / Re: How Will Crypto Regulation In South Africa Work Compared To Other Countries on: February 11, 2021, 07:32:58 AM
I don't know is there any correlation between the legalization of cryptocurrency and the legalization of same-sex-marriage or cannabis.
Overall the article you have written is really peaceful and it seems SA is a very crypto-friendly country, it is good that they take care of their crypto users, that's why they use the First In First Out approach, Miners are also getting some good facilities that they don't have to pay tax until selling their mined coin.
I would say that this is a favorable situation for cryptocurrency in South Africa, it is a good thing that Africa is getting into the cryptocurrency industry because there are a lot of developing country which means that they can go for the newest innovations without a hitch that it will be destroyed by fundamentalist principles, the only problem that I can see is that most African countries have a tribal disputes that are sometimes a cause for civil wars, like what is happening in South Sudan. I think that there is no correlation but we can use it as an analogy.
1923  Bitcoin / Bitcoin Discussion / Re: Comments on CBN Ban:How IMF and World Bank’s Policies Destroy African Economies on: February 11, 2021, 06:52:16 AM
Even if the IMF and World Bank are the reason for destroying African Economies, we can't just brush the fact that some leaders on African countries are corrupt and will violate the rights of their citizens. The problem isn't solely on the bankers that are manipulating the puppets behind the back, the people of a country is responsible for who they put on that seat so if they were to put someone that is corrupt then it is also their fault.
The higher minimum wage in USA will destroy the businesses,that aren't competitive enough.This might be bad for those businesses,but in the end of the day,minimum wages can't be kept low forever.
An increase in the minimum wage does not hurt the business, it hurts the businessmen that are profiting billions of dollars every year. Look at Dan Price, with his company having a huge wages for his employees, the productivity and their revenue increased a lot of times and that is because his employees are given a living wages enough to save money. There should be a dramatic increase in minimum wages because the gap of the last increase in minimum wage and the inflation is so wide that a puny amount will not be enough.
1924  Bitcoin / Bitcoin Discussion / Re: Nigeria government did not ban bitcoin on: February 11, 2021, 06:04:50 AM
Why do some governments constantly change their minds about crypto? They ban them, then accept it again?
It might be because they do not have a full control on what is happening in crypto and we all know that governments do not like it when they are not in control of the situation. Take India for example, they have a hot and cold relationship with bitcoin despite having a lot of users in their country. I know that it is said a lot of times but I have to say that the only way for cryptocurrency to coexist with the government is if they accept and go with the flow, make regulations instead of prohibitions that will not be good for the populace and they are missing big time on taxes that they could've taken from those cryptocurrency users.
1925  Economy / Services / Re: Trustdice.win | YouTube Video Review Campaign ~ $2000 up for grabs! on: February 10, 2021, 12:29:55 PM
When's the deadline?
1926  Bitcoin / Bitcoin Discussion / Re: My Journey : Doubling my BTC investment on: February 10, 2021, 12:27:48 PM
OP doubled his FIAT.
yep im knitpicking wording
but selling his 0.1btc means he has no btc and didnt increase 0.1 to 0.2
he instead bought 0.1, kept 0.1. held and done nothing.. and just cashed out.
You are technically right about that but it is still an investment and nothing can take that fact away that OP did double his/her investment. But you are right, OP could have made more if he/she doubled the bitcoin instead of cashing it out based on the fiat equivalent. Congratulations to OP for getting a big profit out of it, I hope that there is no regrets when you sold it at 30k price point because we are currently pushing a 50k point.
1927  Bitcoin / Bitcoin Discussion / Re: Bitcoin Energy Consumption Future Plans/Thoughts on: February 10, 2021, 11:27:58 AM
This is just my suggestion and that is if we make the mines get close to the sources like hydroelectric powerplants or the best case scenario is nuclear powerplants, renewable energy is out of the equation because the most efficient and durable will occupy so much land area to be fully functional, there is a possibility that solar energy is useful but logistics of the materials for installation will still be a carbon footprint.
1928  Economy / Speculation / Re: Bitcoin Hits Record $48.2K on: February 10, 2021, 10:22:07 AM
Sooner or later, it will break $50,000. Bitcoin will have more power to increase this year, and with the increases yesterday, it proves to us that bitcoin can be more than $75,000 this year. But still, it is too high to expect bitcoin price can increase more than $100,000. I am sure many of us are waiting for the next new ATH because that will make us make a big profit.
I can see a pattern that this next break on 50k will be easy like what happened at 30k being easily broken after a hard resistance at around the 20k. 75k is a far fetch for now but with Tesla's action, I think that there is more to come but 100k is not impossible, we never expected this current prices back when bitcoin was still 10 dollar apiece so we just have to trust the volatility of bitcoin and that it will only go up. One thing that worries me is that we might reach a prices that are unattainable for certain people which will defeat the purpose of bitcoin of being an all walks of life investment.
1929  Bitcoin / Bitcoin Discussion / Re: How to make money from Bitcoin in 2021 on: February 10, 2021, 09:12:30 AM
Easy and simple answer. You have talent? Then offer your service. You don't have? Then learn it. You lazy? Then you can become middle man between client and people who offer service. Still too lazy? Then help him advertise his service.
Being middle man is a difficult job, not the part where you are a middle man but the part where you are going to gain the trust of the people that you are helping to make a smooth transaction, not to mention that in this forum, they base their trust mostly on what is your rank which is understandable but the people that wants to prove something doesn't get a chance because they are easily disregarded. Another problem with this service advertisement is that you need to gain the trust of the person that is doing the service that you are going to really advertise their services. Faucets are still a thing if you want to be really lazy about earning bitcoin.
1930  Economy / Speculation / Re: Buy every dip, and HODL! on: February 10, 2021, 07:43:10 AM
If compare the price since this thread is created, i think we never ever going back to the 2019 price, so I think no more deep price like 2019. The most appropriate course of action for now is to buy everything and don't be scare about peak price, you will see another peak if you HOLD it
That is still reckless tactic in my opinion and buying every dip and hodling is still a better tactic, many didn't expect the prices to crash at 2018 but it did happen, buy the price at every down turn to make sure that you aren't losing a lot of money when a big dip ever happens. The problem is that we don't know what is in store for the future so all we can do is right now is to risk a little but be full of caution on what you are doing. You can hodl but you don't need to buy at every price point, if you want to profit big, you need to wait for a big increase in the prices which could take years or in best case months.
1931  Economy / Speculation / Re: Apple is buying Bitcoin on: February 10, 2021, 06:58:10 AM
It is a good thing that Apple is planning to buy bitcoin but they are still the scummiest company there is, removing features to their phone but says that it is revolutionary is the most bullshit statement ever and the funny thing is the fanatics swallow those lies like a good dog they are. If it comes to that point that Apple is going to buy Bitcoin for real, I think that we will be seeing a big pump in their stocks too because this will be another publicity for Apple. God, I wish that no one is supporting this scummy company, they exploit workers and they sell overpriced smart phones that can do the same thing as the most cheap good phones that are on the market.
1932  Economy / Economics / Re: Economist predicts demise of global central banks on: February 09, 2021, 08:44:15 AM
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
1933  Economy / Economics / Re: Can Amazon Integrate Bitcoin? on: February 09, 2021, 07:45:28 AM
~
That's possible as well, if those online stores are going to integrate bitcoin as another payment scheme. But we can't discount the fact that Amazon as the biggest store in the globe, if decided to adopt bitcoin as well will be huge for the market.

We have a lot of stores already accepting bitcoin around, but still I'm guessing it's a small percentage. But if Amazon will lead the way then we might see small ti mid tier online stores also accepting bitcoin to follow Amazon's lead. So it will be a top to bottom effect.
Even if they are the biggest store, if people work together we can destroy their profit, I think that the Wallstreetbets fiasco is an enough proof that we can do it together. Sure them leading the way is good but this could spell disaster for the companies that are selling their products on Amazon because they would get overshadowed by the announcement of the bitcoin integration, as you have said they are the biggest of them all. And that top to bottom effect meant that the one at the top will get the biggest benefit while those on the lower will be fighting for crumbs and droplets.
1934  Economy / Economics / Re: Can Amazon Integrate Bitcoin? on: February 09, 2021, 07:02:38 AM
It is very possible for amazon to integrate bitcoin.
I believe the idea if implemted will significantly drive up the adoption rate of bitcoin.
I know that I am being radical but that will only make Jeff Bezos get more rich because bitcoin is steadily going up, if I were to wish something would happen, I hope that they wouldn't integrate bitcoin into their system. The best thing that can happen to adoption is the companies that are selling on the Amazon should have their own website make their own integration, about a big chunk of profit is taken away from the original companies by Amazon and if people were to buy directly to the website of the original company then the company will get no cuts from their profit and most of them have coupon codes for their own stores, what I wish is that this people are the ones to have that integration, mass adoption meant that all business no matter how small should be able to integrate and not just one company.
1935  Economy / Economics / Re: What are the potential side effects of corporations selling fake crypto? on: February 09, 2021, 06:12:21 AM
It will be easy, if people have the proof to identify or detect that the cryptocurrency that the company is just a number on the computer and not a real code then they would know for sure and most coin developers wouldn't really want their cryptocurrencies faked, and when the people know that, they will stop using the fake cryptocurrency and in the best case scenario, some of this people will try to sue the company or a far worse scenario is since the cryptocurrency doesn't leave the company and can be spent only on company partnered businesses the people will just overlook it and just keep on using that one.
1936  Economy / Economics / Re: Tesla Bought 1.5 Billion in Bitcoin! on: February 08, 2021, 01:42:17 PM
Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.
Elon can support both you know that, its just that bitcoin is a far better investment at this moment. This will be a big move for Tesla, I would place my bet on the part where they would get their stock price more higher. Who should be the role model to follow then? I mean I don't know any one, almost every businessman that is famous that I know of is either private for their lives or straight up scummy, the best move is to not look at it emotionally, if this can make stocks and bitcoin go higher then we should just go for it, let it on the right ear and get out of the right, in fact, don't even listen what this billionaires says about everything online because most of the time it is probably a publicity stunt.
1937  Bitcoin / Project Development / Re: Club Crypto - a bitcoin evolution on: February 08, 2021, 11:08:18 AM
Do you think advertisers are necessary? Personally, I think that adding these ads can make your club looks less professional. Your club won't have many access, AFAIK, as the club is restricted. You revenue will be very small from those ads, and the cost to users (privacy, overall website experience, etc) will be much greater than the gains.
If Vod wants to add advertisement in the website, I think that he is on a liberty to do so. But I do agree with you, it kind of contradicts with the privacy of the website when advertiser can barge in to get some data trail on visitors. If you place the ads in the correct places and make it look like part of the aesthetics, I think that it will work out fine though.
This doesn't mean that you will not be able to monetize from website views. You can find a partner or a sponsor or even donators/investors. You can add their logos in your website without ruining user experience.
Sponsorship is still an advertisement with extra steps, I would love the donator/investor but how can the website attract these people, there are some people that hates Vod and they will definitely go for this project and try to ruin it. If you can do the logos for investors and sponsors then you can do it with the advertisers, and the only problem is that you should be smart with creating the website.
1938  Bitcoin / Bitcoin Discussion / Re: Serbian nationalist to be sued Over $70 Million Bitcoin Scam on: February 08, 2021, 09:49:12 AM
Fraud is a fraud, whether we're talking about fiat money, crypto, sugar, flour or anything else.
If someone cheats on me with a crypto, I also expect the person to be held criminally responsible for such a scam.
Why anything would be different?
The difference is that cryptocurrency is still under the bad side of many countries and authorities until this very moment because it gives the scammers new mode of funnel for their money in without the problem of being identified or being pointed to it quickly and directly. If this continues, more people will think that crypto is a bad thing or in a sense it is a bad publicity.
Of course, in the case of crypto it is much more difficult to find the culprits but we see that it is not impossible.
There is no decentralisation for crime.
If the criminal is smart enough and not just a thug that has a computer then they can easily get their cyber trail out of the picture. It is possible to catch them but the smallest fish are sloppiest ones, remember Dr. Ruja aka CryptoQueen and the founder of OneCoin, she is still on the loose and the money stolen compared to this Serbian guy. The problem does not rely on the cryptocurrency, the problem is the people, they easily get taken by sweet words and cons of criminals and their greed, if people were to learn this kind of schemes, the chances of them not losing money gets higher.
1939  Bitcoin / Press / Re: [2021-02-05] In NIGERIA: CBN HAS BANNED CRYPTO TRADING on: February 08, 2021, 08:26:30 AM
It sounds like a banking ban. I am sure that the cryptocurrency users would be able to find loopholes to get around this law. A few years back, they tried the same in China, but there was absolutely no impact on the trading. People would use peer-to-peer platforms instead of mainstream exchanges and the banks will be unable to flag those accounts that are being used in these platforms.
They will find loopholes but knowing how banks work, they can do some lobbying to the government and the enforcement authorities to make the ban work its wonder. Hopefully, what happened in China would land in the same situation with Nigeria and have the ban become useless by a month's or by best is week's time. And if this is a political one though, that would be a problem because we all know that when normal people touch politics, the ones that are handling it will be really angry and they will do anything just to keep being in power. I feel bad for Nigeria, they are a big contributor to the cryptocurrency traffic besides USA and to see their freedom get taken away is a sad thing for me.
1940  Bitcoin / Bitcoin Discussion / Re: Can bitcoin make someone the richest in the world? on: February 08, 2021, 07:07:10 AM
Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
Well in terms of the amount then we can consider someone the richest in the world. For example, satoshi could be the richest person if bitcoin were to hit 100k USD, but that will be far fetched because satoshi never sold the coins but right now, holding more than what satoshi owns is very difficult. And for the record the richest man of all time is not Elon Musk, that would just be the 1/10 of a scale for that person and that is Mansa Musa, the king of Mali Empire where he is so rich that he made an artificial inflation because he is buying a lot of souvenirs on his way to Mecca.
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