1081
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Bitcoin / Bitcoin Discussion / Re: Does UBER accept bitcoin in 'El Salvador'?
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on: June 10, 2021, 01:23:59 PM
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Bitcoin is a legal payment in this country, all businesses in this country will gradually integrate Bitcoin if it is required. The problem is whether people accept a large fee to pay Bitcoin or not. Uber is a payment receiver, so they are not responsible for the payment process. It is their responsibility to upgrade the application so that it becomes a Bitcoin wallet.
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1082
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Alternate cryptocurrencies / Altcoin Discussion / Re: How Many Different Coins Do You Own? Me = 11
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on: June 10, 2021, 12:58:52 PM
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I own 11 - I don't count the stablecoin USDC
I don't own two in the list below, but if I do buy them I will use the Percentage.
9.7% Bitcoin Cash 40.1% Bitcoin 37.8% ETH 1.8% ADA 7.0% Atom 1.0% EOS 1.0% CRV 1.5% Link 2.1% MATIC 1.9% SOL - don't own yet 0.4% VET - don't own yet 0.3% USDC 1.5% DOT 1.1% XLM
The list focuses too much on TOP altcoins and it looks too safe because those altcoins will move together. Think of the lower-ranked altcoins as they have a lot more potential for growth. Spend about 10% of your assets in USDT as the market may crash in the short term. That's your chance to buy the dip.
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1083
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Economy / Economics / Re: Ransomware hacks linked to Crypto are killing Bitcoin slowly !!
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on: June 10, 2021, 12:53:56 PM
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I remember wannacry in 2017, Bitcoin also reached ATH at the end of 2017. Hacking companies over a computer network is also a way to promote Bitcoin to people around the world. Bitcoin is a global currency and it needs more attention. In data attacks that require payment in Bitcoin, the problem is not with Bitcoin because it is only a payment unit. The problem lies in how to set up the data encryption protocol to blackmail, so that's the job of cybersecurity organizations. We should not blame Bitcoin.
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1084
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Bitcoin / Bitcoin Discussion / Re: Buy Low, Sell High
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on: June 10, 2021, 12:44:38 PM
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We often act according to what we think so the results are often wrong. Buy low sell high is the simplest investment strategy that we can apply in any market. Taking profit is always the right and necessary thing for any investment.
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1085
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Economy / Economics / Re: How to protect from inflation?
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on: June 09, 2021, 01:56:28 PM
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To avoid inflation, we need to understand it and have a plan to avoid it. Personally, I would diversify my holdings to never put all my eggs in one place. For a business, inflation occurs unexpectedly and is more difficult to control. Many businesses have gone bankrupt because of inflation. Small and medium enterprises are easy to go bankrupt because their business is not always favorable.
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1087
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Alternate cryptocurrencies / Altcoin Discussion / Re: Are all altcoins dependent on Bitcoin?
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on: June 09, 2021, 12:51:51 PM
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Most altcoins are dependent on the movement of Bitcoin. You can see the market moving with Bitcoin in the past days when Bitcoin continuously dropped in price and today when Bitcoin bounced to $35k, altcoins have gradually recovered. Some altcoins move because of the news and teams that manipulate the value so they chart differently than Bitcoin. Most of them move with Bitcoin as a whole.
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1090
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Alternate cryptocurrencies / Altcoin Discussion / Re: Discipline hodling altcoins in the face of challenges.
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on: June 03, 2021, 04:47:55 AM
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In addition to discipline, experience and spare funds beyond established altcoins are also important. I see people going all in for one crypto will cut their losses because he wants to invest in another crypto with higher returns. People who have a lot of money to spare can also ignore the money they have bought for long-term holding. They have more money so their mind is better. Those who have experienced a bear market will have a different way of holding than newcomers because their psychology is stable, they are more experienced.
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1091
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Bitcoin / Bitcoin Discussion / Re: China bans mining is good for Bitcoin
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on: June 02, 2021, 05:02:40 AM
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If the mining machines and computing power are in the hands of Bitcoin's HODL, it will be beneficial to the entire Bitcoin ecosystem. The Chinese government will eventually realize that Bitcoin cannot be banned, but the lost mining machines and computing power cannot be recovered.
What is unrecoverable computing power? The sale of equipment was in the minds of the miners. They only sell old equipment and make sure that new equipment with better mining performance, more energy-saving will be replaced. That is also the reason the hash rate always increases over time. Chinese miners are very aware of their profits from mining and the Chinese government is just a liar. They have been quietly supporting miners for years so they will continue to do so. Prohibited statements are blindfolded.
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1093
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Economy / Economics / Re: Understanding a bear market.
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on: June 02, 2021, 03:39:03 AM
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A bear market is a series of days in which price candles make a trend of decreasing highs until they can no longer fall. The bear market lasts slowly and sends traders into traps. They buy and cut losses continuously. I've been through a bear market and I know how it works. One piece of advice for everyone is "the trends is friends" so don't try to fight the trend. Wait until everyone is out of the market and buy a lot. It was the beginning of wealth.
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1094
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Alternate cryptocurrencies / Altcoin Discussion / Re: Market Analysis of Mina Protocol: Lightweight Privacy-based Blockchain Protocol
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on: June 01, 2021, 03:06:28 PM
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The file structure is meant to be stacked so how can each block be 22k. In my understanding, over time this structure will make the blockchain heavier and heavier. Another problem is that this blockchain is so light, what will it be used for? I prefer a blockchain of moderate size because it can ensure applicability and security.
I guess Op is referring to block size limit rather than a whole Blockchain. I think a proper size should depend on participants producing their own Blocks, which would work great on multi-chain Network with custom Blockchains. I corrected the typo. There's a blockchain that's custom-sized, that's Lamden. Read through this document to better understand how they work. https://blog.lamden.io/high-performance-and-scalability-on-a-python-blockchain-47c0200c3ef6Mina said that each block is always 22KB so how will the transactions being translated add data. Bitcoin per block is 1MB and it's still congested.
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1095
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Economy / Economics / Re: Do you believe history repeat itself? Economic wise.
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on: June 01, 2021, 09:14:39 AM
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The recession has been predicted since 2018 when it has been more than 10 years since the 2008 recession. The emergence of the Coronavirus has dragged down the world economy according to the scenario that everyone predicted for the 10th cycle. year. I think economic downturns are pretty predictable and we must be prepared so we don't get hit hard if they happen.
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1096
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Bitcoin / Bitcoin Discussion / Re: Is the FUD starting to wear off?
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on: June 01, 2021, 09:10:31 AM
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The biggest FUD I've experienced before was Bitcoin being banned by China in 2017 and recession in 2020. Twice has dragged Bitcoin down badly. This FUD is similar to 2017 so I don't worry too much. There have been dozens of bad news since Bitcoin launched, but Bitcoin continues to go up. Another thing is that the long-term crypto market participants are no longer afraid because they have gained experience.
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1098
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Bitcoin / Bitcoin Discussion / Re: Singapore Police Say Crypto-Related Crimes Keep Rising across the Country
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on: May 31, 2021, 03:24:02 PM
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Singapore is a country that allows startups to raise ICOs. Startup projects are high risk so it is normal for complaints to take place. Even countries in Southeast Asia have experienced crypto-related scams. The tricks of criminals are to take advantage of people's greed and ignorance to entice investments into cryptocurrency projects. The money raised is usually crypto so it is not possible to recover the money the crimin have scammed.
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1099
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Alternate cryptocurrencies / Altcoin Discussion / Re: No one wants to talk about ATL
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on: May 31, 2021, 03:10:12 PM
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They won't say anything until their bags are full. The market is always like that, when the market comes to life again they will say more. Those who believe in altcoins being shilled will actively buy and let those who bought at low prices pour in. About 20 days ago we saw a lot of discussion topics about DOGE, SHIBA and more.
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1100
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which Alts is best for atleast 1 Year Hodl?
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on: May 31, 2021, 02:32:42 PM
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I would like to introduce some cryptocurrencies that I know are CIFI and TAU. CIFI is a blockchain game platform, NFT and NFT marketplace. This project has a market capitalization of about $500k. If investing $ 100 now, the estimated profit can be achieved from $ 500 or more in the future. Lamden(TAU) is a high-speed, low-transaction-cost blockchain that allows smart contract deployment in the Python programming language. They built AMM, NFT and bridge to ETH, this year they will create decentralization of their blockchain by adding nodes. This project is basically fully functional and it has a market capitalization of about 20 million dollars. Still very low compared to Solana, Qtum, Avax, NEO...
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