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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Buy a house in Dubai with DodgeCoin on: August 19, 2021, 02:06:22 PM
DodgeCoin ? Really?

Google show some related articles but with dogecoin instead. But more interesting is that on there is not a single word about cryptocurrency.

These news were posted in May and they don't get a worldwide response. I will say that this is fake and was created just to hype on dogecoin.
I was going to ask the OP for a link to this info and I believe you have done a bit of justice to that. The desperation to keep hyping Dogecoin is crazy, if the project is worth it naturally I believe investors will go for it even though we have many that are just interested in the quick bucks from hype for Dogecoin  Grin
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Bitcoin/ETH replace fiat someday? on: August 18, 2021, 09:00:05 AM
To fight against the control of USD thus create an anchor for people all around the global, or to make transactions apparent in cyber world, Bitcoin was coined by Satoshi(the second one is more valid).
Will the day come when everyone uses Bitcoin in daily payment(supposing new tech is applied to avoid high gas fee) and thus fiat gets abandoned? Or it won't because the amount of Bitcoin is set and all Bitcin is practically manipulated by capitalists...
Obviously , it's nearly impossible for Bitcoin to realize permant and global circulation due to its high price and scarcity, which renders it harder to take the place of fiat but it sounds that ETH is likely to be an anchor and a tool for daily use alike, surpassing BTC is feasible.
They say, if a country is at war or in upheaval, buying Bitcoin is not wise for its high volatility and USD is a better choice.
How do you think Smiley
While this might look possible in theory, practically, I don't think that any cryptocurrency will replace Fiat money someday. If cryptos are been spent/accepted like Fiat by some organisation and individuals, this does not mean that the Fiat currency will be replaced by crypto. There have been other commodities that were used back in the years too for transactions and I dont think those replaced the fiat money and I see the same for Cryptocurrency.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin is more real than money in the Bank on: August 18, 2021, 08:48:56 AM
  We all know Bitcoins are real but money in the bank are still real but it depends in the source and what the came from. But in my country as I observed Bitcoins are not really use because they are not aware and usually people without knowing about Bitcoins so they can say money its better than Bitcoins. But us we know Bitcoins we can say Bitcoins is better than money.
I agree to some extent, it is relative. These two entities are as real as it gets to different people, we understand Bitcoin and how investing in it can change things while some might not understand that. Some bitcoin investors have not spend bitcoin directly on any purchase while some have and they too will look at bitcoin differently.
While both of them are real to me, however, Investing in bitcoin is the way to go instead of just leaving your money in the bank.   
4  Economy / Economics / Re: We exited the bear market earler than expected on: August 17, 2021, 10:25:06 AM
IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.
I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

5  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be more effective in the future on: August 17, 2021, 05:59:50 AM
Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
IMO, it is not because the Government that is banning Bitcoin and other cryptocurrencies in their country don't understand what Bitcoin is and how it works or know the value of it, it is because they do and they understand that this is financial freedom for the people and that they can no longer have that full control of their financial system if the freely allow cryptocurrencies to flourish the way it is going, that is why some of them are having this ban on crypto.
6  Bitcoin / Bitcoin Discussion / Re: What is the legal status of Bitcoin in your country? on: August 17, 2021, 05:53:07 AM
Some countries banned crypto assets totally, some banned mining, some allows even paying taxes with it and some doesn't allow purchasing goods using crypto assets.

The Republic of Turkey has a strict ban against using crypto assets as a way of payment or developing technological infrastructure for such use case. However, it is perfectly legal for individuals and businesses to buy/sell/mine/trade the crypto assets.

What is the situation in other countries that you know of? And do you think the world will start accepting it or will regulate and see it only as a "store of value" and not a currency?
Previously in my country, Trading bitcoin was no problem until there was this international publication that ranked countries with regards to Bitcoin investment, and my country was ranked among the top 5 with the total estimation of investment then the Government decided to Ban the transaction of cryptocurrencies by every other financial institution in the country. Bitcoin and other cryptos are still been traded though but only via P2P and it will take a very long time IMO for Bitcoin to be globally accepted as a full-fledged currency and I believe even then, there will be some strict regulations.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption and increase in crime rate, how correlated are they?. on: August 16, 2021, 06:42:39 AM
Seems the media has another trick to discourage people from buying into the idea of engaging themselves in the new currency. Read about the Venezuelan incident that resulted to a dead citizen after his family couldn't afford the ransom meant to release him. It also got to my attention of studies showing that there has been an increase in crime rate as the popular cryptocurency (Bitcoin) gained more popularity in the country.

You can argue that this are all just propaganda to discourage the citizens from engaging themselves in bitcoin but still how correlated are crimes to the the adoption of Bitcoin and cryptocurency in general. Do the adoption of Bitcoin truly increase the crime rate in a country with focus to third world countries since we're likely to find more individual with motive to commit crime just to survive especially if they have some advantage over getting caught.

Just to highlight a paragraph from the article;
Quote from: Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin
The popularity of cryptocurrency in the country has caused an increase in scams and crime using these new assets. Cryptocurrencies, due to their innovative design, can sometimes be more difficult to track than money moved via traditional fiat avenues.

Some positivity here is the article, made it clear that majority of the crimes are still been committed in fiats but still I want us to discuss how an increase in adoption can correlate to increase in crime rate and possibly prevention methods to deploy to combat this trend if it's true.

Just like you already mentioned, I believe that it is just another propaganda to discourage citizens from engaging in Bitcoin because from my little understanding of how crimes and money laundering has been reported in my country from mostly the Government official, ALL and not part of their money stolen from the Countries coffers are not in a single crypto but Fiat. I believe my county now has one of the highest rates of kidnapping and ransom and not a single report has been reported that those ransoms were paid via bitcoin or any form of crypto.
Even though we cannot totally rule out some of these crimes have been perpetrated via Crypto, that does not mean that cryptocurrencies are the reasons for high crimes.


8  Bitcoin / Bitcoin Discussion / Re: The use of Bitcoin as a local currency! on: August 16, 2021, 06:13:16 AM
Everyone on the forum knows what Bitcoin is. We already know that many countries have removed this currency from the ban. I mean, will all the nations of the world use Bitcoin as a currency?How important will it be? It will not go to the good side to the bad side?I want to know the opinion-
When you say "We already know that many countries have removed this currency from the ban" was it is ban in all countries before? Only one country has legalized it as a legal tender, El Salvador and even though some countries have not banned it, it is not a legal tender also only that some organizations accept it for payments within that country. It's going to take more adoption even within whichever country before we can really see bitcoin been accepted by most as a currency even though it is not a big deal if they don't IMHO. 
9  Bitcoin / Bitcoin Discussion / Re: Do you know the difference between Bitcoin and bitcoin? on: August 16, 2021, 05:45:53 AM
As I was completing a survey about an hour ago, there was some mention about the distinction between Bitcoin spelt with capital B, and bitcoin with a lowercase b. Although I have heard about this before, and I usually pay a lot of attention to spelling and punctuation, I have to admit that I have totally forgotten about this.

When we talk about Bitcoin as a blockchain, payment method, or a service, we are supposed to spell the word with an uppercase B.

Here is an example:
My best friend doesn't see the advantages of Bitcoin.

When we talk about the currency or mention numbers and quantitates of the asset, the word should be spelt with a lowercase b.

Here is an example:
I sent my best friend 1 bitcoin as a birthday gift. 

Do you pay attention to this while you are posting on the forum?
Well, I don't really pay much attention to things like that especially when it is not for an examintion  Grin though might make sense to do. I believe most people on this platform might not too as long as we mostly understand what is been said in the post that is made. When you read through most posts you will likely notice typographical errors but the bottom line is that the massage is pass and people can relate to it. 

10  Alternate cryptocurrencies / Altcoin Discussion / Re: BabelFish x Sovryn on: August 16, 2021, 05:26:24 AM
FISH Tokens are going to be launching at the Sovryn platform in its Origin Sale Launchpad very soon [registration are open at sovryn origin platform], With the success of the Sovryn sales events on its platform and 10x price increase of its tokens I believe the BabelFish tokens sale event won't last for much time, It will be sold out in mins.

Please talk about BabelFish x Sovryn here.
Soveryn was good and still believes is a good project even though I think it took the last market dip harder than most other cryptocurrencies, however, there is a lot of strong support from the Sovryn community and I see Babelfish having the same support too and that I believe will bost Babelfish sells on Sovryn platform.   
11  Economy / Economics / Re: Why would people ever use bitcoin if its expected to always go up? on: August 14, 2021, 02:38:55 PM
I couldn't put the full title in the subject line due to character restrictions, but here is the full question:
If bitcoin was fully adopted into everyday life, why would it ever be used for day-to-day transactions if the general consensus was that the price would always appreciate?

After reading several posts on this forum many people seem to think that Bitcoin will always go up. If this were to be the case, why would people spend Bitcoin at all? In this theoretical time, wouldn't it just be a poor financial decision to do?

Or is it thought that in this future where there is widespread adoption the price would stop being so volatile and for the most part stabilize?
For me, as for every investment, there is an expected return in terms of profits so, with Bitcoins investment, over time the investor is equally hoped to be in profits so it is this profits that investors will be looking forward to spending whether directly as Bitcoin for whatever payments or exchanged for Fait. However, there could also be a time when an investor might decide to cash out totally depending on their reasons regardless of whether Bitcoin still could rise in the near future.
12  Bitcoin / Bitcoin Discussion / Re: Could crypto replace government? on: August 14, 2021, 09:55:57 AM
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?

Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.

Right, but I think some people are overthinking what Bitcoin is and was supposed to be and do. Bitcoin is changing lives but as far as replacing fiat as I have seen some people speak about and replacing Government is still a long way off for me. On a global scale, the adoption of Bitcoin is still very little and until we have that global adoption and acceptance as Fiat is, it will still save as a speculative and Investment option. 
13  Bitcoin / Bitcoin Discussion / Re: About the popularity of Bitcoin on: August 14, 2021, 09:41:09 AM
Blind people can still use crypto, there are apps out there that can help blind people see although it only works with the good  will of the stranger, I forgot the name of the app but it can help blind people by letting an available stranger to be their eyes so there's no problem with bitcoin being used by blind people.
So do the Blind person knows that the available Stanger has goodwill? Most Bitcoiners don't even trust their own close relations with their cryptocurrencies information let alone a Blind person and a stranger? I think this is just another shortfall of Bitcoin and other cryptocurrencies but with time and more adoption, hopefully, there might be a way out for the Blind to get involved in Crypto investments.
14  Bitcoin / Bitcoin Discussion / Re: DCA on the way out on: August 14, 2021, 09:32:25 AM
If I understand it correctly, you just have to sell it then if you want out and take all of those profits.

There's no need for any complex method that you need if you're already done DCAing and you're ready to take the profits you've made after all those years.

Another thing is that just be the typical buyer when the dip comes out and sell at top, then repeat that cycle.

I quite agree with you. I believe that DCA is usually for buying in gradually over a time frame but I too don't see a need to DCA again once you are trying to take the profits because you have built the portfolio over time and are in profits and all that is needed is selling all once yu fell satisfied and do DCA again after the market dips and no need to complicate the exit process. 
15  Economy / Economics / Re: Why don't banks work with cryptocurrency? on: August 13, 2021, 06:47:44 AM
They can't, crypto isn't a stable asset it's highly volatility and far different from money, it's going to be hard to see crypto and medium of exchange really because the volatile part doesn't guarantee anything
In all, I believe that is the major issue cryptocurrencies have when it comes to seeing it as a means of exchange and on a positive note, why people are more into crypto. If there was no volatility in crypto, there wouldn't be the king of profits that investors get from it and wouldn't have been investing in it that much. So, what is a positive for crypto investors is what makes it difficult as a means for exchange hence, it is different from money.
Yes, it's one issue to the banks.

A highly volatile asset can't be accepted by them and most of the banks aren't really looking forward in adopting cryptocurrencies with their services.

But there might be some open-minded banking management that shall adopt this soon in the future. The crypto market is showing unstoppable potential and growth so they won't ignore it.
Yeah but I believe as it is now, some Banks are offering their customers cryptocurrency investment in some countries already like in the US.
Wells Fargo: US bank set to offer crypto fund to rich clients

I also believe that other banks in the US are doing a similar thing

Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG]

Bitcoin as far as it is now is becoming inevitable and sooner than later most individuals and institutions will have to jump on it.
16  Bitcoin / Bitcoin Discussion / Re: Is there any miner who have not sold any bitcoin from the beginning? on: August 13, 2021, 06:35:15 AM
what do you mean beginning its from earliest know mining or just new miner

if new miner than maybe a lot people that not sold the bitcoin maybe just testing the miner or something else.

is from the earliest mining maybe the sold some to cover up the electricty an hold the rest unless they have free electric but still

maybe one or two people not sell any single bitcoin they have

I agree with you. I wouldn't believe that there could be miners from the very beginning that have not sold a single bitcoin since they started mining since we know there are bills for them to pay since then. I also think the early miners might be in china and with what has happened of late, definitely most would have sold some and it could only be that they have not sold yet.
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin is more real than money in the Bank on: August 13, 2021, 06:25:24 AM

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

Of cause, that is the whole reason behind all these different Country Governments agitating against Bitcoin because they know that they will not be able to control what the people have and with that not in their hands, the people are kind of free or somewhat financially independent. I believe that with the level of Institutions and personalities involving in Bitcoins Investment nowadays, it will be a bit more difficult for the government to fully proscribe Bitcoin as illegal.
18  Bitcoin / Bitcoin Discussion / Re: Who to Trust, Fiat Banks or BTC? on: August 12, 2021, 11:42:24 AM
I trust them with the little that I deposit on my bank account.  Tongue

I only use them to store for small amounts and I trust more my wallet and holding that I've got in bitcoin. But for the banks, we have no choice unless we're living in a place like El Salvador where you'll see people using bitcoin and accepting it if you want to pay.

I only trust Bitcoin over fiat money because it is safer and I can benefit from bitcoin if I hold it for a very long time, but I am forced to use fiat money and banks because in my country do not accept bitcoin as a legal tender like in El Salvador.
I really want to be in El Salvador because I want to enjoy the advantages of bitcoin and I also want to buy everything using bitcoin.
I don't seem to have issues with Banks because even before Bitcoin I have been dealing with banks and still do however I love Bitcoin for what it is. I also believe that I can save my money in Bitcoin better than to just leave them in my bank account since it can grow in value with bitcoin over time and considering how fast fiat depreciates in value due to high inflation.
Bottom line is, I still use fiat/banks when I have to since I have never had issues and still also Keep my investment in Bitcoin even though I dont use it much as currency just investment.
19  Economy / Economics / Re: Why don't banks work with cryptocurrency? on: August 11, 2021, 02:28:42 PM
They can't, crypto isn't a stable asset it's highly volatility and far different from money, it's going to be hard to see crypto and medium of exchange really because the volatile part doesn't guarantee anything
In all, I believe that is the major issue cryptocurrencies have when it comes to seeing it as a means of exchange and on a positive note, why people are more into crypto. If there was no volatility in crypto, there wouldn't be the king of profits that investors get from it and wouldn't have been investing in it that much. So, what is a positive for crypto investors is what makes it difficult as a means for exchange hence, it is different from money.
20  Bitcoin / Bitcoin Discussion / Re: Will everyone still believe in Elon Musk? on: August 11, 2021, 02:20:19 PM
I'm sure many people still believe in Elon Musk even though they are cursing Elon Musk now but in reality they are waiting for Elon Musk's tweet I really believe that.
Of cause we cannot rule this out even including the ones that are cursing Elon, would they say that if Elon musk happens to make another tweet that makes the price of Bitcoin to rise, they would not take profits from it? People will definitely hate on Elon musk for the role he played by bringing the market down but that doesn't mean they will not take advantage if there is any positive outcome from Elon's tweet.
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