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1661  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on BUSD and other stables. on: February 14, 2023, 12:42:54 PM
What do you guys think about BUSD? Do you think it's worth using over USDT?..

You have chosen the most unfortunate time to exchange your USDT for BUSD. You obviously don't know that the Paxos Trust Company, which is the issuer of BUSD, said that it stopped issuing this stablecoin and decided to burn it at the request of the SEC.
1662  Alternate cryptocurrencies / Altcoin Discussion / Re: BUSD labeled as unregistered security by SEC on: February 14, 2023, 10:34:00 AM
Today one big argument about Stablecoins is: "Stablecoins are no investment."

But this is fan's blindness or a blank lie (in some cases): The stability of Stablecoins is about to trade the Arbitrage. This is the way to keep it stable.
Isn't that just too vague to be used as a reason for calling BUSD as a security? Remember that SEC has set up the Howey test so which one did BUSD fail at? And what kind of securities does BUSD fall? Is it derivatives?

They should probably update their definition and coverage of securitiea first.

I am surprised by the fact that Paxos Trust Company did not even try to challenge the SEC assertion in court, but immediately agreed to stop the release of BUSD and has already started burning this stablecoin - https://etherscan.io/tx/0xcaefe0fa62e58eaa0ae18e66cf1923d2f70b8d635ca290a321d6beefe8277725. We are not yet fully aware of the consequences that this decision will entail.
1663  Alternate cryptocurrencies / Altcoin Discussion / Re: BUSD labeled as unregistered security by SEC on: February 13, 2023, 01:25:16 PM
More recently, many people, including me, considered BUSD a safe stablecoin, as they mistakenly believed that this stablecoin was imitated by the Binance cryptocurrency exchange. According to the Paxos statement, "BUSD will continue to be redeemable through at least February 2024 for U.S. dollars or Paxos’ own stablecoin, Pax Dollar" - https://www.wsj.com/articles/crypto-firm-paxos-to-stop-issuing-dollar-pegged-binance-token-94f65e52 What will happen to other stablecoins in this case?
1664  Other / Beginners & Help / Re: whether investing in bitcoin many lose on: February 13, 2023, 11:06:33 AM
...but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not?....

There is no safe investment either in real life or in the cryptocurrency market. Moreover, you will have the highest chance of losing your money exactly when investing in crypto. But these risks will be lower when investing in bitcoin than when investing in altcoins.
1665  Other / Beginners & Help / Re: do not invest in crypto from loans. on: February 13, 2023, 10:47:57 AM
...Suppose you have taken a loan of 100k money with 10% interest. Then every week you have to pay 1k money. If you take 100k money  then you have to pay extra 1k money per week. ..

You need to pay more attention to mathematics, otherwise you won't be able to calculate your profit correctly)) 10% per annum from 100 thousand dollars means that you will pay 10 thousand dollars as interest for the year. And given the fact that there are 52 weeks in a year, then you should divide these 10 thousand dollars into 52 weeks and it turns out that you will need to pay $ 192 per week as interest on the loan.
1666  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum cofounder :Vitalik Buterin donates 99 ether to Ahbap Earthquake Support on: February 12, 2023, 03:41:13 PM
...He has donated Ethereum worth $150000 to help people in Turkey and Syria because of recent earthquake. This is not the first time he had done this. He did a similar work in the past where he made big donation using crypto in India...

Today Vitalik Buterin sent another 50 ETH https://etherscan.io/tx/0xafa5ab0ae04e045267210a95c69ca6ef1107e503717c9f2aa800150b64eb27ad to the Anka Relief wallet, which was created to support Turkey after the earthquakes. Thus, his donation for earthquake victims increased to 150 ETH.

I want to remind you that last year Vitalik Buterin donated 1500 ETH to help Ukraine - https://twitter.com/Unchainfund/status/1511748918517899267
1667  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: February 12, 2023, 01:19:04 PM
...My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space? ...

There will always be a risk that any stablecoin may become worthless. Accordingly, it is impossible to talk about full confidence in any stablecoin. Nevertheless, we are forced to use stablecoins if we are engaged in daily trading. No, if you have free funds, then the best solution would be to exchange them for fiat using p2p.
1668  Other / Beginners & Help / Re: Success in life on: February 12, 2023, 11:39:50 AM
As a new beginner how can I make success in life through the crypto space...

To succeed in life with the help of the crypt, you will need extraordinary abilities that can be obtained through training and experience. You can get the same fame after graduating from medical university and becoming a famous surgeon who performs unique operations. So you should think again carefully about which path you should choose.
1669  Other / Beginners & Help / Re: Never depend on cryptocurrency as your only source of income. on: February 11, 2023, 10:15:46 PM
For many, cryptocurrency trading became the only way to make a profit when the quarantine was announced due to Covid-19. And it was not our decision, but the decision of the government, which made it impossible for us to work in the office. And many for this forced absenteeism, were able to improve their skills in trading and now do not worry about the fact that they may be out of work.
1670  Economy / Trading Discussion / Re: Bitcoin or Altcoin hold, sell or trade?? on: February 11, 2023, 09:19:16 PM
...Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.

To understand how the market works and which coins to buy requires knowledge and experience that you do not have. It can definitely be said that trading is not for you and you have to accept it, otherwise you will continue to lose money. You need to retrain from a trader to a long-term investor. In this case, buy a time-tested bitcoin and do not mess with shitcoins.
1671  Alternate cryptocurrencies / Altcoin Discussion / Re: Best safe places to get USDC or DAI Interest? on: February 11, 2023, 10:05:50 AM
Recommendations please and why your suggestion is safe too thank you

You are in the cryptocurrency market, so you should understand that it is impossible to invest safely here, and there is no guaranteed profit here. But if you choose where to place your finances in the event that they are not invested in cryptocurrencies, it is better to choose a traditional bank, since the difference in profit that you will receive from placing your stablecoins will not cover your risks from losing your deposit.
1672  Alternate cryptocurrencies / Altcoin Discussion / Re: It's been 2 months and now I am doing well.(I guess). on: February 11, 2023, 09:42:48 AM
Sad news guys. I had to stop this after sometime. It was done recently. There's been some legal issue going on here in my country and people are getting arrested for their involvement in cryptocurrency. I will have to continue my business, but in order to do that smoothly, I had to remove the crypto payment method. If you wish to know more about this, here's an update I made few days ago regarding this matter.

It is this circumstance that I draw attention to in my post https://bitcointalk.org/index.php?topic=5429986.msg61480828#msg61480828, in which I asked about the legality of such a method of payment for goods in your country. Most entrepreneurs face similar problems, since in most countries this payment method is prohibited.

1673  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: February 10, 2023, 08:13:51 PM
The article says that its a 'luxury rehabilitation center in Spain' and they have 4 weeks rehab plan for crypto addicts which costs $75,000. So you can easily figure out who can afford that rehab center. ..

Obviously, you are one of the few who read this article before commenting on the post. Yes, not everyone can afford such treatment) It turns out that before being treated for crypto trading addiction, you first need to earn a good profit. But it is in the process of earning this profit that a person turns from an ordinary trader into a cryptotrading dependent.
1674  Economy / Services / Re: One of our subscribers achieved +250% in ONLY 7 days 📈 ✅ on: February 10, 2023, 07:18:26 PM
...Our strategy has demonstrated and still demonstrates that it is possible to make profits day after day.
✅ Profits Guaranteed Over Time (as long as you follow our instructions)...

There is no such thing as guaranteed profit in cryptocurrency trading. Accordingly, all those who promise guaranteed profits are scammers. Therefore, beginners who want to quickly get a big profit should stay away from such projects.
1675  Other / Beginners & Help / Re: Bitcoin My Best Chrismas Gift on: February 10, 2023, 11:09:30 AM
Yeah I am happy to see my money appreciating gradually and don't have intention to lose them soon, Bitcoin is a great future assets and at that I take every opportunities I have to accumulate more and more no matter how small it amount may be at a time. ..

Bro, or maybe you need to withdraw a profit and buy yourself a gift that you refused on the eve of the Christmas? In this case, this small purchase will be remind you of your successful trading and encourage you to further invest in cryptocurrency.
1676  Alternate cryptocurrencies / Altcoin Discussion / Re: It's been 2 months and now I am doing well.(I guess). on: February 10, 2023, 10:43:03 AM
Of course, when the market returns to the bullish trend, OP will be able to extract even more profit from the sale of goods for cryptocurrency, of course, if it is not only stablecoins. But while we are at a bearish stage, it is preferable to make all sales for stablecoins.
so how can you profit once the price bounced back if you are going to buy or convert your funds to stable coins?

Read carefully again what I wrote about earlier) So if the OP had enough working capital to purchase goods and hodl of his profit in cryptocurrency, then now when he sells it, he can get an additional profit. The most important thing in using cryptocurrencies in settlements with buyers, OP offers them a greater choice of different payment options.
1677  Alternate cryptocurrencies / Altcoin Discussion / Re: Favourite MEME COINS? on: February 09, 2023, 07:00:20 PM
...Would be very interesting to know your opinion.

It is safe to say that the most favorite meme coin for a trader will be the one that allowed him to get the biggest profit. Accordingly, if a trader has made a loss by investing in any meme coin, then this coin will be the worst for him.
1678  Economy / Trading Discussion / Re: who would you trust? on: February 09, 2023, 01:29:51 PM
Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?

Of course, I would listen to the advice of an experienced trader like Jesse Livermore, but the reality is that they will not share their trading strategies with you. But I would definitely refuse the advice of beginners, since this would be the fastest way to lose your money.
1679  Economy / Service Announcements / Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace on: February 09, 2023, 12:46:30 PM
LocalBitcoins will discontinue its service
https://localbitcoins.com/service_closure/

"Originally LocalBitcoins was established to Bring Bitcoin Everywhere and drive global financial inclusion. We have honored that mission for over 10 years and we are proud of what we have achieved together with all of you, our loyal community.

We are therefore sad to share, that regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service.

We encourage all customers to withdraw their funds from LocalBitcoins and we ask you to proceed with withdrawing the Bitcoins from your LocalBitcoins wallet. You have 12 months to withdraw, however of course we encourage you to proceed withdrawing sooner.

Thank you for being a part of the LocalBitcoins family! It has been our honor and pleasure to serve you over the last decade.

Timeline for discontinuing the Bitcoin trading service:
*2023-02-09 Suspension of new sign ups
*2023-02-16
   - Suspension of trading on LocalBitcoins
   - Suspension of using LocalBitcoins wallet (with exception of withdrawing one's funds)
*After 2023-02-17 LocalBitcoins customers will only be able to log-in to withdraw their Bitcoins. The trading and Wallet services will no longer be available at this point".
1680  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes a crypto project reliable and trustworthy ? on: February 08, 2023, 10:57:11 PM
To be fair, we do not know everyone in the crypto world, which means that the team could be people who are amazing at what they do or could be people who have no idea about it and we would still not have any clue why and how it would do good...

But if I saw such famous people as Vitalik Buterin or Gavin Wood among the team members and I had the opportunity to invest in such a project at an early stage, then I wouldn't even read a Whitepaper)) But usually we have to see anonymous team members who justify this by saying that Satoshi Nakamoto also hid his real name.
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