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1721  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 27, 2021, 01:51:23 PM
I certainly agree, I never implied that Bitcoin was created in order to evenly distribute wealth. However, I'm pointing out that these few people, who are holding most of Bitcoin, can definitely play a vital role in the market. We all had our fair chances of obtaining Bitcoin, and most of us didn't, there's no one to blame for that. Bitcoin (and cryptocurrencies in general) provide us with capabilities that fiat currency cannot.  

But whats the problem with this? No matter how much bitcoins is in hands of few richest wallets ... they still cant control your bitcoins, can't seize them, can't take them from you, can't print more than max supply. All they can do is "manipulate"price but you also need to know that its not that easy... Even if you own 100 000 BTCs and you aim to short them at 60k push price down to 20k and buy back .... you never know if your sell older wont hit into FEDs (or other county central bank) unlimited money buy wall because of secretly building reserves in bitcoin... And you end up with fiats that's value continuously go to zero and problem with buying back your stack without pushing price to 100k.

Some people (f.e author of article) seams to not know that life is so much better and so much easier when you are focused on building your own wealth rather than crying about the fact that other people are richer and blame them for everything bad that happens to you.
1722  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 27, 2021, 06:42:25 AM
While I get that most of Bitcoin is being held by a small percentage of addresses, I'm trying to understand what exactly the point is. Is the article indirectly implying that BTC and crypto in general also being manipulated to a great degree, creating a hype bubble which will eventually burst? You, as someone who looks like he's experienced with such incidents, what do you believe? Are we in a manipulated bubble about to burst? Or did I get it all wrong?

So what? Its always like that and you will never change it. Some people work 10h daily, are smart, brave, others live from social benefits. Some are focused on their hobbies, other or addictions (drugs, alcohol, pornography), others on earning and multiplying capital. One person buy new iPhone as soon as he manage to save 1000$ other use this money to start business or invest in others business. People are different so their wealth must be different.

 Its not about who have how many bitcoins. Bitcoin was not created in a way that everyone have 0.01 BTC and force people not to have more or less. Its impossible and in fact it blocks its main purpose (transfer of value).
Once again. Bitcoin was not made to make everyone wealth equal. It was made (one of its purpose) to make everyone chances equal. To transfer value without restrictions, to obtain asset that is not printed out of thin air by single centralized identity. Asset that its purchasing power did not decrease 95% in last 100 years (only because of printing and no max supply). Asset that cannot be seized by anyone.

Focus on your wealth and how you can multiply it instead of looking at others wallets.
1723  Alternate cryptocurrencies / Altcoin Discussion / Re: What If I Reduce USDT Tx Fees? on: November 26, 2021, 05:53:00 PM
Will my coins still deliver? The USDT fees on USDT based on Ethereum blockchain looks too high. Should I reduce it? How low do I go? Presently, it's about $46.

Avoid using ETH for small amounts. There is USDT wrapped on trx and BSC where 1tx cost around 1$.

But if you are stuck with this on ETH chain I would not send TX with too low gas. I've tested it ... my TX was locked for few months... just to fail right after. As previous poster said. Better wait if you can't afford to pay this 46$. Wait and check gas trackers. But I have no good news for you. It does not look likely to decrease. Maybe after current bubble burst, ETH decent dump and few years in bear market to cool things down and make crypto "boring" again.
1724  Bitcoin / Bitcoin Discussion / Re: "Is the bubble about to burst?" on: November 26, 2021, 05:42:54 PM
"Is the bubble about to burst?" - This has been a common narrative used by crypto haters ever since Bitcoin reach its first peak and MT Gox drawdown. Unfortunately, it seems this same narrative is spreading like a disease that is trying to shake the crypto foundations by turning crypto supporters against each other.

Isn't it true? After "MT Gox drawdown" btc dumped 80%. After 2017 bubble BTC dumped 80%. Same will be now, no matter if it will be 2021 and dump from 69k to 15k or in 2022 from 250k to 50k. Is it wrong to say that bubble burst 3 times in crypto history? During 2019-2020 there were open telephone support lines for people who want to commit suicide because they have lost their life savings... I know it looks easy to hodl from the top of the bubble perspective. Its not that easy after 3 years in bear market and 80-99% dump (depends if btc or alts).

Nasdaq during dot.com bubble also dumped 80%. And it was a bubble... no one question that. But after that tech survived and nasdaq is now +2000% from bottom. Same in crypto. The difference is that crypto is so dynamic that new tech or new paradigms show up much faster. So after third bubble we will most likely see fourth.

If Bitcoin and cryptocurrencies are considered bad for fiat financial stability, then why are there so many geniuses who can't solve the economic system that requires only rich people to stand on top of the Pyramids?

Even if you will distribute all global weath equally I bet that in about 1 year 90% of people will have a worse standard of living than before the distribution of wealth from the rich and 10% will be driving lambos. Mostly because people do not know how to save money, they have no idea about the economy, about investing, about simple math.
1725  Alternate cryptocurrencies / Altcoin Discussion / Re: How are they doing this? on: November 26, 2021, 05:30:29 PM
Nowadays crypto space is full of newbies that confuse gambling with investing. Same was during 2017 bubble. Eventually all of them will lose money.

Team may also buy whole supply during "ICO" to show fake interest, own 100% of supply, show fake trading volume right after, set price wherever they want (because when 100% of supply is in their hands, there is no selling pressure) and wait for naive investors to buy their bags ending project with rug-pull.
1726  Local / Alternatywne kryptowaluty / Re: Play to Earn on: November 26, 2021, 05:22:47 PM
https://www.coingecko.com/pl/waluty/cryptomines-eternal#social

Kupiłem flote za 1.2 eternal wyprawa na planete 5 typu nagroda 0.2 eternal

Na razie testuje jak wyciągnę to co włożyłem ....( Właśnie zauważyłem że trzeba kontrakt na 7 dni flocie opłacić za 0.4 eternal na 7dni ważny a flotę która kupiłem ma ten kontrakt tylko na1 dzień)


I jak twoja przygoda z cryptomines? Udało się coś zarobić, czy tylko przepaliłeś eteranal? I jak z Gods Unchained? Dało to już jakieś realne zyski?

BTW w sumie to najlepszą, sprawdzoną przez blisko 200 lat grą pay to win jest poker Smiley A dzisiejsze rozwiązania "provably fair", renomowane turnieje, sprawiają, że może i lepiej postawić na tradycję, jak ktoś chce dorobić grając.
1727  Local / Alternatywne kryptowaluty / Re: gdzie rozdają kryptowaluty za darmo? on: November 25, 2021, 10:26:49 PM

Przeważnie od 2 do 10$, raz może miałem 20$. Nie jest tego dużo, ale cały quiz zajmuje minutę zwłaszcza jak ma się odpowiedzi a tokeny przychodzą bezpośrendio na konto binance. Problem jak są wymogi, by założyć jakiś specjalny portfel. Te są słabe, bo by potem zdobyć te tokeny to trzeba przelać tam ETH/BSC/SOL/AVAX czy inne tokeny by ruszyć tokeny po chainie, a to przejada zyski. Nie mówiąc już o czasie na pilnowanie kiedy to przyjdzie i ryzyku związanym z instalowaniem dodatkowego softu. To samo z podpięciem metamaska pod jakieś dziwne strony. To odradzam i w sumie fajnie jakby każdy, kto wrzuca tu airdropy wspomniał jakie są dodatkowe wymogi. Ja na pewno zacznę.
1728  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ($LINK) Chainlink Price Prediction on: November 25, 2021, 07:25:34 PM
Quote
Technology in crypto grows too fast and we can check back to 2013 and 2017. The top altcoins changed all since 2017 and 2018. Only XRP and Ethereum manage to stay in top 10. Dogecoin is a very old altcoin but it is a very rare case with non-special technology but has huge communities and suddenly got support from Elon Musk. Here it goes to top 10 on coinmarketcap recent months.

I believe that in 2024 and 2025, we might see some innovations and weird technology in crypto that will challenge 2021 top altcoins and most of them will fail and fall to low positions on marketcap table.

Yea ... Agree.
And thats why investing in startup evaluated at 12 B only because of "developer of chainlink is very active" is not the best idea. Especially at the top of 100x pump. Yea it may do another 10x ... most likely real alt seazon did not start yet ... but if its the end of this bull run ... link may be dead untill next one and better tech with even "more active developer" may take a lead.
1729  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ($LINK) Chainlink Price Prediction on: November 25, 2021, 09:57:26 AM

The great potential of chainlink really cannot be doubted,

Super high evaluation of 12 billion dollars cannot be doubted. Potential was already doubted by me post above yours. What potential are you talking about? Industry has to grow 10-50 times (few years, maybe decades) to justify current evaluation. During that time Link competitors may overtake it and present even better product. Oracle is not woth 12 billion dollars in 2021.
1730  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WILL PI BE AVAILABLE? on: November 25, 2021, 09:50:08 AM
for my mined asset to become valuable.

The problem is ... it will never be valuable. This is my calculation from june 2020:

0.25 PI per hour = 6 PI for day for 3 million nodes ... 18 million supply daily for how long? More than a year? We can estimate that it is about 18 * 10^6 * 365 / (lets say linear increment so 2) = 3 billion supply

How much is it now? After another 17 months? 10 billion supply?

Where do you see this project? Top 500 cmc? its rather top 2000 but ok, lets calculate for top 500 CMC - ~100 mln $ marketcap. It gives us 0.01$ per 1 PI and 0.06$ per day of mining. 21.9$ per year of sharing every single data there is on your mobile device.
1731  Local / Alternatywne kryptowaluty / Re: Sygnały techniczne buy/sell on: November 24, 2021, 05:03:12 PM
Matic wygląda ciekawie (Wykres H4):



Odbiliśmy się od lini trendu wzrostowego, przebilismy trend spadkowy. Nie jest to idealne wejście, ale warto obserwować jak będzie się rozwijała sytuacji w najbliższych dniach. Wolumen tylko mizerny.

Widomo, że na koniec to i tak BTC podejmie decyzje o kirunku całego rynku, ale on też wydaje sie jakby miał utrzymać 55 300.
1732  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ($LINK) Chainlink Price Prediction on: November 24, 2021, 04:48:38 PM
I might sound wird for most altcoin traders but did you guys thought whats the true value of Link at this moment? Its just an oracle with very little userbase ... evaluated at 12 bilion $ with lots of competitors. If that was a company listed on nasdaq it had to generate profit at around 400 000 000 mln $ annually. No one will pay that much in 2021 for LINK product. Maybe in 2030. I think that link is superovervaluated. It may flow together with other shitcoin during this bubble. Even reach new ATH, but its should not be considered as long term investment.
1733  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WILL PI BE AVAILABLE? on: November 24, 2021, 04:31:51 PM
I recoment to take a look at this thread where bitcointalk community discussed Pi network:

https://bitcointalk.org/index.php?topic=5237735.0

The conclusion was: Its a scam, It collects too much data about users, and you are risking for close to 0:

so after long research I found that:

1-their website says that the application actually mines the coin!


2-The application steals more than your info!


3-The application make connections to a lot of ads services in the background!


4-here is a Virustotal scan for their apk and it shows that the app takes a lot of permissions that steal everything on your phone https://www.virustotal.com/gui/file/3aa2994e6885d0c3fcff3b038f8b4da9b727138c5cc10533b0e8ebedb3075b41/details

0.25 PI per hour = 6 PI for day for 3 million nodes ... 18 million supply daily for how long? More than a year? We can estimate that it is about 18 * 10^6 * 365 / (lets say linear increment so 2) = 3 billion supply

With 3 billion supply we are talking about 1 billion dollars in marketcap (top 15 CMC). We should expect price drop 99% after unlocking tokes. For everyone considering mining (thinking that money is more important than your personal data) - you will not get even a fraction of what you think you will get. I'm wondering what is this price based on? Who is selling if all mined coins are locked? In reality this is a top 500 - 1000 CMC project currently (my estimation ... of cours if not scam) so we are talking about 2 milion marketcap and 0.0006 $ per PI, 0,004$ per DAY, 1,46$ per YEAR per NODE risking all your personal data


I would stay away from this project.
1734  Economy / Trading Discussion / Re: Leverage questions on: November 23, 2021, 06:59:42 AM
Yes, the stock exchange is full of violations, but there are relevant authorities that monitor and punish such violations. And your theses only confirm this fact. And now imagine what is happening on the cryptocurrency exchange, what violations are allowed there due to the lack of punishment and which are not regulated by anyone at all.

As I said:


"And its always the same way. Banks don't fight those penalties. Each time someone catches their little deceptive hands they say "ok, we will pay". You want to know why? Because if they would try to argue someone will check them better and another even bigger muck will show up. They pay fine and continue the manipulation because they earn 10x more from manipulation than they pay in fines for fraud."

1 out of 10 situation banks are punished. But does it changes anything to me as a client? No, because founds from penalties does not go to people, who lost money.

I'm speaking from my own experienced. I was trading 2 years on stocks, on regulated exchanges before I started with crypto. I've seen insider trading, spoofing on my own eyes. Even corruption in Financial Supervision Authority allowing company to show fake papers regarding company financial situation. I was watching this company very close beacuse i wanted to invest in it. Next day trading was off.
Here I know that scammer is around every corner. I know that there is no one I can trust so I act appropriately to the situation.


Regarding the counterparty, I stand by my opinion, since your arguments are unconvincing)

Name 1 situation in which profitable company that earns on fees from every single trade is forced to take unknown currecy risk.
1735  Economy / Trading Discussion / Re: Leverage questions on: November 22, 2021, 07:30:06 AM
here is a difference between a stock exchange and a cryptocurrency exchange. And their main difference is that the stock exchange operates in a legal regime and all its activities are regulated by law.

"JPMorgan fined $1.26 billion for manipulating precious metals" - https://www.straitstimes.com/business/banking/jpmorgan-fined-126-billion-for-manipulating-precious-metals-treasury-market

"JPMorgan slammed with $920m penalty" - https://www.aljazeera.com/economy/2020/9/29/bbjpmorgan-admits-spoofing-by-15-traders-2-desks-in-record-deal

"EU Fines Banks For Manipulating Currency Prices" - https://www.pymnts.com/news/regulation/2019/european-union-bank-fines-currency-manipulation/

"Deutsche Bank to Pay Over $130 Million to Settle Charges" - https://news.bloomberglaw.com/white-collar-and-criminal-law/deutsche-bank-reaches-100-million-deal-to-settle-u-s-charges

"Deutsche Bank Fine for Silver Market Manipulation" - https://www.swissbullion.eu/en/posts/deutsche-bank-fined-for-market-manipulation

Thats after 5 min research in google. I could find 5x more examples of manipulations using banks in next 20 min, internet is full of that, frauds of banks and regulated brokers that "operates in a legal regime and all its activities are regulated by law". And its always the same way. Banks don't fight those penalties. Each time someone catches their little deceptive hands they say "ok, we will pay". You want to know why? Because if they would try to argue someone will check them better and another even bigger muck will show up. They pay fine and continue the manipulation because they earn 10x more from manipulation than they pay in fines for fraud.


As for cryptocurrency exchanges, it is here that the counterparty to your transactions is the exchange itself and it will bear the losses associated with your orders. This happens when most positions are open in long and the money that traders lose on short positions is not enough to pay the first.

NEVER. crypto exchange is never and counterparty to your transactions. Only small, no volume, crypto exchange fill orderbook with their orders to build liquidity, but all they do is arbitraging to bigger exchanges. So in fact they are still not counterparty (dont take currecy risk). They move your trade to bigger exchange taking extra fine.

This happens when most positions are open in long and the money that traders lose on short positions is not enough to pay the first.

Wrong. If more people wants to short ... price is going down. Crypto exchange is not ment to support price. Why would they care about bitcoin stay at 55k instead of going to 54k? Crypto exchange never take risk. Why would they if they can take 0.1% from each trade with zero risk.

Cryto exchange is not gabling. How else would you call taking currency risk blindly by being counterparty to everyone who wants to trade?
1736  Economy / Exchanges / Re: Coinbase Add Bank Account Verification? on: November 21, 2021, 12:10:03 PM
So I click on Bank account right? I see other options are paypal, debit card and wire transfers. But when I click on bank account, it wants to use Plaid to connect to my bank account? When I click on BoA, I am suppose to enter my BoA online banking information? If so, is that safe? But after doing this, then my bank account is added? I'm confused here because many years ago when I got verified, I remember verifying the same bank of america account years ago. So is this new and everyone need to do it?  I do see the option of adding bank account manually where they make two deposits and you verify it but that takes up to 5 days.  Does that work?

Its popular. Binance wants you to connect your bank account too by prooving that you are an owner of it. Is it safe? Well you are 100% KYC now, its not safe, but if you ask about safety of your founds on your bank account ... as long as they dont ask you about your login/password to your bank account or whole data from your credit card and its legit coinbase website, they are not able to steal your money using IBAN only. And as i remeber it correctly thats all they need (together with 1 cent deposit to prove that you are an owner of this bank account).

Does that work?

Yes. In the end of the day it speed up withdrawals.
1737  Economy / Trading Discussion / Re: Leverage questions on: November 21, 2021, 11:42:24 AM
Crypto and leverage... oh dear.
(sorry, couldn't elaborate)


Whats the difference between buying 1000$ on spot with 10% stop-loss (100$ risk) compared to going long 500$ with x2 leverage and 10% stoploss (100$ risk)? Well zero despite the fact that futures has 5x volume, x times better liquidity,  lower fees, better, more professional UI, ability to have less money on exchange.

If you know what you are doing (especially money mangment) - "Crypto and leverage..." oh yea.
1738  Local / Alternatywne kryptowaluty / Re: Idena on: November 21, 2021, 11:37:30 AM
Wczoraj odbyła się druga walidacja po forku, który wprowadził validation sharding, czyli upragnioną skalowalność podczas walidacji. Obyło się bez błędów, a kurs, który spompował się blisko 2x w 3 tygodnie dodał paliwa sieci, która urosła podczas poprzedniej walidacji o blisko 10%.

Obecnie 11 200 nodów.

Na orderbookach widać też ostatnio znacznie większą prawdziwą aktywność. Duża część supply zmienia teraz ręce.
1739  Local / Alternatywne kryptowaluty / Re: NFT to tylko obrazek jpg. Klikam prawym i kopiuję. Po co za to płacisz baranie? on: November 21, 2021, 11:30:24 AM
Bo mam tyle wirtualnych monet że nie wiem co z nimi robić ?

Nigdy nie kupię ? -> a jak by to była super duper animowana tapeta ( / coś w tym stylu) a byś miał tyle $ że nie wiedziałbyś co z tym robić ... nigdy nie mówić nigdy xD

No zdecydowanie to nie jest zabawa dla mało i średnio zamorznych a dla przebogatych chcących osiągnąc wyższy poziom dywersyfikacji portfela. Na pewno osoba która ma 1000$ na inwestycje nie powinna pakować 1000$ w obrazek. Ale jak się ma 100 mln $ w akcjach, rejtach, nieruchomościach, surowcach, obligacjach ... wpakowanie 10 000$ w 10 NFT dobrze dobranych artystów przenosi dywersyfikację portfela na jeszcze wyższy poziom.
1740  Local / Alternatywne kryptowaluty / NFT to tylko obrazek jpg. Klikam prawym i kopiuję. Po co za to płacisz baranie? on: November 20, 2021, 02:24:10 PM
(przemyślenia o NFT, głównie dla sceptyków)

Słyszałem to wiele razy. Sam nigdy nie kupiłem NFT i zapewne nie kupię, ale nie jestem też w obozie totalnych sceptyków. Dlaczego? Argument możliwości skopiowania NFT i traktowania go jak zwykły jpg wywala się na plecy w momencie, w którym sprawdzimy cenę mona lisy "The Mona Lisa is one of the most valuable paintings in the world. It holds the Guinness World Record for the highest known insurance valuation in history at US$100 million in 1962[12] (equivalent to $870 million in 2021)." https://en.wikipedia.org/wiki/Mona_Lisa

Blisko 1 mld $. Ale możecie powiedzieć ... to obraz, tego nie da się kliknąc prawym i skopiować ... No to teraz pytanie - ile kosztuje replika:

Można znaleźć oferty od 200zł (Dzięki zastosowaniu innowacyjnych rozwiązań technologicznych nasze obrazy wyróżniają się trwałością barw i doskonałym odwzorowaniem kolorów.
Reprodukcje typu Canvas naciągnięte są na sosnową blejtramę, a reprodukcje na papierze oprawiane są w ramę z tworzywa, passe-partout oraz szybę.
)

Do 4000zł za ręcznie malowane repliki praktycznie nie do odróżnienia przez amatora.

za 40 000zł pewnie znajdzie się artysta, co zwiedzie swoją replika nie jednego specjalistę.

Jest nawet mona liza z papierosem za 120zł Smiley



4000zł (wartość identycznego obrazu ale bez wartości kolekcjonerskiej - byciem tą wyjątkową, jedyną sztuką malowaną przez Leonardo) to zaledwie 0,0004% wartości obrazu, co można równie dobrze uznać za błąd pomiarowy i przyrównać do 0. Czyli blisko 100% wartości Mona Lisy to wartość papieru potwierdzającego autentyczność - dokładnie tego, czym jest NFT.

Czy warto więc wchodzić w ten biznes i kupować obrazki za tysiące dolarów? Moim zdaniem nie i na pewno nie w obecnych cenach. Trzeba pamiętać, że drogich obrazów jest kilka a malarzy, którzy byli i przepadli są tysiące, a obrazy (i inne dzieła sztuki) wartość swoją budowały przez setki lat (mona lisa przez 500 lat). Szansa na trafienie kolejnej mona lizy jest bliska zero a monetyzacja takiego zakupu to z 100 lat minimum, gdzie to faktycznie będzie można mówić o wartości kolekcjonerskiej. Do tej pory wartość minimalna (roboczogodziny artysty).

Jakie są wasze przemyślenia?


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