181
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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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183
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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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184
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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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185
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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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186
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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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188
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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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189
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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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190
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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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192
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Alternate cryptocurrencies / Altcoin Discussion / Re: Avoid using LATOKEN and Cointiger to buy any altcoins.
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on: May 30, 2021, 04:45:41 AM
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I believe that the cost of maintaining an exchange is about the same so they have to work everything to survive. Forgive them for their work, the crypto market is harsh and doesn't always make good money. Low-volume exchanges have different ways of surviving and making money. The most common is money laundering transactions, with high withdrawal costs.
Some cryptocurrencies can only be purchased on small exchanges so some people will take risks for high profits.
If you don't like trading on small exchanges choose the big ones.
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193
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Alternate cryptocurrencies / Altcoin Discussion / Re: All the crypto industry is running by shills
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on: May 30, 2021, 04:40:48 AM
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I think this is not necessarily true because good projects are still known by many people and serious and long-term investment if it is really good. We see that projects from 2017 to now are still developing well such as Synthetix, ChainLink. They also have bounty campaigns before ICO fundraising. Synthetix was quiet during the half bear market until it was really a strong project in the DEFI trend.
In addition to advertising through media channels, technological factors and the investment of large investment funds are also driving the cryptocurrency market up.
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195
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Not User Friendly Yet
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on: May 30, 2021, 04:29:36 AM
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Bitcoin is the most modern currency and the quintessence of mankind at this time. Bitcoin combines technology and economics so there is more than one area of bitcoin knowledge to understand and use it. Many people use money and do not understand money so it will be difficult for them to understand Bitcoin.
The problem with Bitcoin for use is that it is managed by individuals so no one bears the loss or loss but its owner. Users need to be careful and secure when storing their Bitcoins. Next is the unstable Bitcoin cost so it is not suitable for frequent transactions. Apart from the above two, everything about Bitcoin is fine for me.
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196
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Economy / Trading Discussion / Re: Is Scalping even viable in Cryptocurrencies?
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on: May 28, 2021, 08:37:54 AM
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The cryptocurrency market is highly volatile so Scalp trading is completely applicable. You can participate in bottom fishing when the market crashes because they happen very quickly and the profits are very good. The strong volatility of the market requires you to have constant observation and place limit orders to take profits, cut losses reasonably to avoid the risk of loss in trading.
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197
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Bitcoin / Bitcoin Discussion / Re: Bitcoin & increasing government pressure & power outages
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on: May 28, 2021, 08:23:51 AM
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Cutting electricity for Bitcoin mining plants is advisable in IRAN because the electricity consumption demand of these national operations is high in the summer. The government must prioritize electricity for things that are more important than Bitcoin mining. Banning bitcoin mining plants is essential for the truth as even China is concerned about the lack of electric power. In summer, the water level of hydroelectric plants is low and not enough for the operation of power plants. In addition to exploiting electric energy, hydroelectric dams also have the use of irrigation dams.
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198
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Economy / Economics / Re: Why own stock if You can own the stocks of the Federal reserve
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on: May 28, 2021, 08:13:43 AM
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Investing in stocks can bring double profits as investors receive dividends every year and increase the holding shares. The return is better than holding the shares of the Federal Reserve. Personally, I think what you are referring to is just a type of government bond. I like to take risks and I can also make money faster through derivatives trading on the stock market.
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199
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Economy / Speculation / Re: From trader become holder because the market is crashing
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on: May 27, 2021, 05:00:01 PM
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The market crash was predicted when the bad news hit, in part because Bitcoin has been hot for months. Many people quickly exited the market before Bitcoin crashed. Some people got rich because they successfully caught the bottom. With a little observance, we can avoid unnecessary crashes from the market. Trading with a plan and placing a stop loss is the way to survive in the harsh crypto market.
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200
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Other / Politics & Society / Re: Will Trump be indicted ?
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on: May 27, 2021, 04:47:54 PM
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I think Trump will be safe because indicting him would be a bad precedent and that could stir up political life across the country. The former presidents of the United States will be blamed. What I don't like about Trump is that he has passively responded to COVID-19 and let the consequences be severe. Trump's tweets after running for paper sent a wave of contradictions among Americans. It's incitement to division, which I consider bad.
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