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1921  Alternate cryptocurrencies / Speculation (Altcoins) / Re: which will be the best cardano DEX on: August 29, 2021, 02:26:16 PM
I almost never use ADA, If indeed the product hasn't been launched yet, why is the project so HYIP? What causes investor confidence to be so high that the price of ADA is also high?

Good market operator (AKA manipulator) that takes care ADA to be attractive from technical point of view (volume, volatility), so it attract traders. Good team responsible for marketing (its not that easy to promise to deliver stuff for 4 years and still nothing). There is not a single DEX on cardano, there is not a single project launched on cardano, there is no user base, there is no infrastructure ... promise of delivering something great ... one day in future ... is enough to push marketcap to 80 bilions, top 3 CMC. Insane.
1922  Alternate cryptocurrencies / Altcoin Discussion / Re: How to measure blockchain decentralization? on: August 29, 2021, 07:11:13 AM
I want you to share your thoughts on the following questions of the hour:
1) What is blockchain decentralization for you? How do you understand this concept?
2) How to measure blockchain decentralization? What is a fair way to measure decentralization of different blockchain protocols?
3) What blockchain protocol represented on Coinmarketcap is the most decentralized one at this moment? Who are underdogs of this nomination?
Everyone is welcome to share his or her opinion.

1- situation in which voting power is spread between the biggest amount of nodes with the least amount of voting power centralized inside biggest nodes. Best sytuation will be each node has symilar voting power but its hard to achive that because of Sybil attack.

2- there is no unified tool but I would say - how much, out of biggest nodes, owns majority of network and how much work it takes to become one of them.

3- All types of delegated "proof of whatever" is always less decentralized than "proof of whatever". So fast coins like BSC are less decentralized than ETH. In terms of the most decentralized chain i'll call bitcoin for top1 but ... IDENA looks to be interesting pick also. Super low cap now but its interresting tech. Its innovative chain that is backed by Proof of Person protocol. Already 8000 nodes. Turing test is responsible to block people from owning multiple nodes. Worth to read more about it.
1923  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to have a masternode on: August 29, 2021, 06:56:55 AM
I have raised money and I want to set up a masternode, because according to my research it is one of the best ways to earn passive income within the crypto world. I have also investigated about the different alt projects that have masternodes to configure, but I would like to hear from the crypto community what experiences you all have had with masternodes in order to make my choice

If all you want is passive income .... than the best way to achive repeatable results with the lowest possible risk (what characterizes investing in passive income) is stable coins liquidity pools on BSC or ETH. You can get up to 15% APY while the only risk you take is failure of stable coin you put liquidity into. For example exit scam of binance (failure of BUSD) which looks to be unlikely.

When you chose to run masternode you are exposed to currency risk of owning a bag of altcoins that are extreamly volatile. 30-50% APY from owning a masternode looks decent but annual volatility (-95% or x10) makes even this decent profit negligible. Especially since almost all the masternodes that pay high APY pays them from creating new coins, which inflates the old ones making NET APY much lower.
1924  Alternate cryptocurrencies / Speculation (Altcoins) / Re: which will be the best cardano DEX on: August 29, 2021, 06:47:19 AM
I think that the first question should be .... will ever cardano deliver its product? Smiley Its "almost ready" last 4 years. In 2017 cardano was a promise only, in 2021 cardano is still a promise only.

Crypto - place where promise is worth more than product

Second question is ... will this long awaited product be better than BSC, Solana, tron and other coins that are "cheaper and faster Ethereum"?

Third question - will devs flip from BSC, SOL, ETH to ADA and move their projects there? I doubt it because there is no infrastructure. Like eth and BSC have (dozens of wallets - metamask, bridges etc).

And finally if all above questions are answered we may ask who will deliver first dex there. Not before.
1925  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Idena is the first Proof-of-Person Blockchain on: August 29, 2021, 06:07:01 AM
I agree about the nodes (more is better), but not all nodes should be miners imo. If all nodes are miners, how can you stop coin dump from let's say 100K nodes (from your example)? Let's assume 50% are selling, 50% are holders, that's a lot of coins reaching the market.

It's already like that. Older nodes gets more coins from validation. Also gets coins from making flips (0 epoch node don't do flips for first validation and can do less flips for first few epochs), do not have an option to invite someone and get invitation rewards before epoch 5?. so person who is killing his node each epoch is mining like 2 times less than 5 epoch old account thanks to validation rewards. 5 epoch old account is a 100 day hodler... that super long comparing to average in crypto.

About coins outside of stake - you cant block people from spending their coins its not what its all about ... all you will get is making new nodes enter the network harder = slower network grow = lower fundamentals. You need to build use-cases that will burn coins (like ADS network that should be done in this year) and other activities. You need to make access to idena as easy as possible. Otherwise you will make all this dumpers to join farms, because farms will pay them after each epoch from coins dumped from older nodes while holding "dumper" node coins till "full node maturation day" to dump without penalty.

Its not tokenomics what makes idena to be locked in super low cap coins range. Its lack of marketing and big exchange. Not surprising. Before validation sharding price explosion is dangerous.
1926  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Idena is the first Proof-of-Person Blockchain on: August 28, 2021, 02:48:32 PM
As I've stated in the first place at p2, I know it contradicts, that's why I've suggested that the miners number needs to get lower, not inflation higher. Tongue

So you are saying here that lower number of nodes will be better for IDNA price? Thats the oposit of what logic say. Lower amount of nodes = less secured network (creating centralized 100 node farm and attack network is easy, creating 100 000 centralized node farm is impossible). The whole point of idena is having as much nodes as it is possible to attract advertisers, to be faster and cheaper (with sharding) and many many more. First time I hear that destroying coin fundamentals (forcing nodes to quit to lower nodes amount) will benefit the price.
1927  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Idena is the first Proof-of-Person Blockchain on: August 28, 2021, 07:08:27 AM
Anyways, I'm o hodler, so I hope I am wrong. Wink

Yes you are wrong Smiley

- 1. Inflation. Near 20 millions (18.9M if my memory serves - like Dash&Monero total supply) inflation per year is a lot... Let's think about it: in 5 years from now, circulating supply will be 3 times more than it is now and from an investor perspective this is a lot.

Inflation presented in number of coins is useless. You should always devide it by number of coins in circulation.

51,840 coins per day = 18,9 mln coins per year - here you are correct

Circulating Supply 47,718,592.04 IDNA

Inflation for next year - 39% - yea that big but idena is 2 year old. Inflation will go down with every year because number of coins in circulation will go up. In 5 years from now (7 year old coin) inflation will drop to 13%. (in fact much lower because of burns - ~100k each epoch and expected burns in future from ads)

Bitcoin while being 2 year old had inflation around 50%, 7 year old bitcoin has inflation around 10%. Current CAKE inflation is around 200% (150% if you consider that some of newly minted coins are burned).

So inflation is not the case that IDNA is only 5 mln $ coin.

- 2. Reward for miners is very low, and many leave (selling their coins), new one come, old ones leave... is a cycle, I can understand but on Idena is very aggresive. There is very little money to be made as miner (6 coins per block / 8000+ miners => ~3.2 coins / day / miner). I know makes no sense, I want more coins for miners and I want the inflation reduced. No. I think reducing the number of miners is the way.

Rewards are low because price is low. Not because miners should get more coins becasue more coins = bigger inflation = even lower price = even lower rewards. So in this point you state that price is low because price is low.

So p1 and p2 contradict each other. You cant lower inflation in the same time make higher reward.

But in the end of the day the only sensible conclusion from point 2 is that ... price is low and 5 mln $ for innovative coin with 8000 nodes is insane.
1928  Economy / Speculation / Re: The arrival of new people in the world of cryptocurrency is really fun on: August 27, 2021, 05:38:04 PM
Ohh the best is yet to come Smiley


https://twitter.com/binance/status/1428993373227134976

Weve trippled the price but not even hit the same google search atention as we have in 2017. With new ATH and rally to 100k we will see a hidge spike in google trends (there is a lot of space to grow there) and true massive wave on new people rashin in to know more about crypto. Bitcointalk will be spammed with the most stupid threads you can imagine like "the best coin to buy below 1$", "I have 1000$ to invest, what should I buy". People who been here in 2017 knows what I'm talking about.
1929  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking Shiba Inu [SHIB] tokens? on: August 27, 2021, 04:37:24 PM
Yes comparing the volatility range the APY seems too negligible and still people are hoping that they are going to rich by holding those shit coins. This Shiba Inu hyped after the Doge which itself a factor to prove that its manipulated recently by a whale so they will surely sump all of them and move to another shitcoin after a while so staking any cryptos is kind of risky and not worth the ROI.

I was reading a book about Jesse Livermore - "Reminiscences of a Stock Operator". He has spent part of his career manipulating the markets to execute client orders (e.g. sell a huge bag of stocks at the best price). Including all trics. Fake volume, fake "increased activity", just to show that dead stock is now alive and will "soon moon", but when I saw how shiba is doing a 1000x on a on hype ... man ... Its not market and dump lambo guys who pomped price there. Its not that its manipulated now. It was manipulated from the very first day by one of the best market operators. Market operator witch such balls. He must have put bilions into this pump. Into binance listing at the top of the bubble. Jesse Livermore of our times.

Now ... after the bubble burst ... people wants to jump in for 3% APY XD.
1930  Bitcoin / Bitcoin Discussion / Re: When will bitcoin end ? on: August 27, 2021, 02:17:10 PM
So, based on your valuation of USD 276M for a 100% takeover, a 10% realistic takeover would put the value at around USD 27M, in about 50-80 years from now. Even a 1% share would mean 2.7 Million.

This isn't financial advice. Its an assessment based on the optimism that things eventually meander towards the most efficient and correct path. Bitcoin is just the right thing to do.

Well thats also optimistic scenario. 10% of all global wealth inside bitcoin. DECENT!

Going more real and closer (5-10 years)

Bitcoin remains to be "only" digital gold. Superior asset immune to fiat inflation thanks to it economic model and deflational characteristic which makes it holds value (purchasing power) over long period of time.

But ... In next few years bitcoin strengthens its position and proves fundamentally superior to gold:

1- Bitcoin is easier to buy/sell, easier to store
2- Bitcoin is easier to transfer, easier to send
3- Bitcoin is divided by 100 mln. Min investment is thousends times smaller than gold
4- Bitcoin stock to flow model is already better than gold (gold stock/flow = 66, BTC stock/flow = 50 and will go down by half each 4 years)
5- Gold and Bitcoin ... both has little to 0 real world usage. All its value is based on "store of value" paradigm.


https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/

Investment and central banks are responsible for majority of gold demand. Next is jewellery (so people who buy gold - including me XD- are doing it because ... its prettyXD ... and other investors likes it) and only 8% in technology (most likely will be replaced by nanotubes and other strange stuff in next few years). So when world will figure out that bitcoin is superior to gold as investment product ... we will for sure grab at least 50% of gold marketcap ($11T) which will push BTC price to 300k $ or even higher considering better stock to flow model and a fact that its getting cut by half each 4 years - and thats fair evaluation after few years. Market as always will overreact and overprice bitcoin ...pushing it much higher trying to include future successes in the price.
1931  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking Shiba Inu [SHIB] tokens? on: August 27, 2021, 07:21:54 AM
Binance offered a good APR/APY but that depends on your amount of shiba inu and it's still running,

Its 3.5% to 5.3% right now. itn not a good APY when you compensate it with extremely volatile asset such as Shiba. Coin that pumped 600x in 2 months and dumped 83% right after. This 3.5% will have negligible impact on final ROI because majority of it will come from price volatility.

I would avoid this shady coin. Even with 100% APY from staking.
1932  Bitcoin / Bitcoin Discussion / Re: When will bitcoin end ? on: August 27, 2021, 06:56:30 AM
We all keep listening reading every where hold bitcoin as it will keep growing in future as well.

But my question is how much maximum a bitcoin can worth and when ??
What is its max potential and when its price would stop increasing??

I know nothing can be predicted but I just want to hear your views about it.

Maximum? Hmm year 2050 and bitcoin is the only currency. Its a max win sitation. Bitcoin won, banks lost. Here is price prediction:

"| 2021 Edition. There is approximately US $37 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.2 quadrillion"
https://www.rankred.com/how-much-money-is-there-in-the-world/

$1.2 quadrillion devided by 21 milion = 57 mln $ per bitcoin in present purchasing power. Consider 3% inflation per year and we have 138 mln $. Consider the fact that untill that day probably >50% of bitcoins will be lost forever and we have 276 mln $ per single bitcoin. Thats the answer to your question. "But my question is how much maximum a bitcoin can worth and when ??"

But is it probable? Most likely not. Is it possible? Well ... it is.
1933  Economy / Trading Discussion / Re: Which on chain parameters are a must to watch? on: August 26, 2021, 05:50:20 PM
So, in the shoes of a short-term trader

As a short term trader you need to look at price chart only. Onchain matrics does not work in short term, may work in longer term or may not work at all because 90% of volume comes from futures trading that does not even touch real bitcoin. So we leave in a word where the tail rules the dog not the oposite. Where futures price determines where spot is going to (and it does not relate to bitcoin only, same is with gold and other big assets).

Have you seen a decent study that proves that onchain metrics is a tool that a tool that produces repeatable results with a known probability? I havent. I only see a bunch of people that take random onchain indicator and build random predictions based on that, that sometimes are correct sometimes wrong.
1934  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Good ways to trade? on: August 26, 2021, 05:39:48 PM
You can check out Bitget Exchange. they claim to be the world's largest crypto copy trading platform. I have tried it before and even manage to earn some profits from their copy trading and they have a lot of good traders to choose to copy trade from.

no they are not. They are shady exchange that cheat with volume. Looks like they paid for such topics too. Because its not the first I see started by low rank members. I was already writing about them so no need to do it second time:

According to CMC Bitget is only 1 year younger than Binance. So its not that new. The problem is that hype around it is too small compared to other exchanges with smaller volume. For instance everyone knows Poloniex or bitfinex (5 times smaller volume than Bitget ).

When you open spot BTC/USDT trading pair it looks even more weird. Transaction each 1-5 sec (most likely auto fake trade each random number in a range 1 to 5 sec). Hardly ever we can seen 2 transaction during 1 second. Compare it to kucoin (same volume) where you almost all time see a spam of TXs during one second.



Proves that traffic on Bitget is couple times smaller even if the transactions we see are real (and they dont look real at all).

So their claimed volume is 20 smaller than binance even though its 90-99% fake (so most likely 200 - 2000 smaller than binance).

I would not trust a penies with this exchange. And OP was asking about indicators not copy-trading.

@OP This is a topic for you
https://bitcointalk.org/index.php?topic=4846473.0
1935  Bitcoin / Bitcoin Discussion / Re: Good news Citigroup Reportedly Working to Start Trading Bitcoin Futures. on: August 26, 2021, 05:32:33 PM
U.S. banking giant Citigroup (NYSE: C) is reportedly awaiting regulatory approval to start trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The firm would join Goldman Sachs in offering bitcoin futures trading.

Despite bigger liquidity, new futures trading options does not impact price since futures enables not only longing but also sorting coins you don't own. So net outcome is neutral. I would rather like to see that they help to build crypto-fiat getaways, build-in crypto wallets inside bank accoutns. So they will in give something to crypto instead of taking fees from trading only. Trading futures with zero net positive impact on crypto industry.
1936  Local / Polski / Re: Zadyma z bitomatami on: August 26, 2021, 04:35:48 PM
Dzięki za info, tylko teraz gdzie taką stronę żeby pokazywala te dostepne ATMy i ceny aktualne?

Nie ma, więc tez nie ma szans, żeby trafic praktycznie, szczególnie, ze ja musze jechac dobre 200km do najblizszego.

Otóż błąd. Sprawdzasz firmę bitomatu do którego się udajesz (np tutaj) i wchodzisz na ich stronę i sprawdzasz nie tylko cenę ale i opcje sprzedaży. Czy to przy użyciu maila, czy telefonu, czy kodu QR, czy na miejscu czy może chcesz już wygenerować transakcję by zabookować cenę. Wątek dotyczy shitcoinsclub i oto ich strona z bieżącymi kursami:
https://shitcoins.club/

Juz się wyjaśniło, tak cena była nizsza w bitomacie o dobre 15%, takie moje szczęście.

Jeśli było to shitcoins.club to złapałeś się zapewne na skrajnie niekorzystne odchylenie spreadu od ceny spot. Polecam co kilka dni brać cenę spot z binance przeliczyć po bieżącym kursie z $$ na swoją walutę potem wchodzić na shitcoins.club i sprawdzić, czy wyliczona cena jest bliżej ceny kupna czy sprzedaży.
1937  Economy / Trading Discussion / Re: Which timeframe do you use for day trading? on: August 25, 2021, 04:07:23 PM
All timeframes are necessary. I'm starting with weekly candles to know where market is going and slowly going down to lower timeframes. You need to know whole picture to not trade against big market moves. If price is on strong support on weekly candles I will not short only because chart on 5 min candles looks bearish. Good daytrader should build wide price awareness and go to lower time frames to find best spot to open position in a direction where whole market is going on big timeframes. So when i know when market is going, I go to 5 min candles to find sweet spot, when I'm almost sure its here i switch to 1 min candles to open position with as small stop loss as possible. When trade is not behaving how I predict I close before stoploss hit. Risk/reward ratio is insane here because you are out when chart on 1 min candles fail or you close with small profit or ... you just open position that can be holded for weeks because its not against global trend.
1938  Economy / Speculation / Re: [Charts] Bitcoin Hash Ribbons Price Targets for 2021 on: August 25, 2021, 03:47:06 PM
I think we should rather focus on macro economy since bitcoin is no longer nerds kindergarten. Its a poker table for institutions right now. Institutions that dont play toys. Thay have their targets, strategies. They rebalance their portfolio dumping winners and buying more loosers to fit diversification strategy. Thats why i think that extrapolating past performance is not the best idea. Its similar to driving a car on a motorway looking back all the time and assuming that street will always go straight and will never end. If Sp500 will crash 40% (currently inside giant 1.5 year rising wedge -bearish- formation) do you expect that anything ... gold, DAX, LSE, BTC will survive? I bet that BTC will dump 50% no matter what inside bitcoin indicators are saying. If we will see global recesion that will last few years, do you expect BTC to respect hash Ribbons? That institutions wont dump BTC rebalancing wallet that lost 50% on everything except BTC which pumped 5x? They will dump 80% BTC to meet 5% of whole wallet target and buy more of the rest holdings.
1939  Local / Polski / Re: Pospekulujmy o aktualnej i przyszłej cenie BTC. on: August 25, 2021, 11:05:07 AM
Bitcoin wrócił na poziom USD50k - ale nie sądzę, żeby to wystarczyło na nowy ath w tym miesiącu. ale jestem w dobrym nastroju na kolejne miesiące i resztę roku.
mocno wierzę, że w tym roku w końcu doczekamy się USD100k za jeden BTC Cool

Quote
Cena Bitcoina (BTC) powróciła do ofensywy. Pierwotna kryptowaluta po raz pierwszy od maja wzbiła się do poziomu 50 000 USD, sygnalizując, że hossa z impetem zbliża się do swojego drugiego etapu.
https://bitcoin.pl/bitcoin-przebija-50-000-usd-pierwszy-raz-od-maja


Trochę mi to, póki co, przypomina "Relief rally". Absurdem było, że BTC upadł jak kamień w wodę i szorował okolice 30k tak długo. Skrajne wyprzedanie, większego próżno szukać w historii bitcoina, 2 miesiące na "extreame fear" na indeksie fear/greed ... nic dziwnego, że odbicie jest spektakularne. Jest spora nadzieja na kontynuację ruchu ale powiem szczerze, że obstawiam bardziej 60:40 na ponowne przetestowanie 30k , odbicie 35-40k, znów 30k i utknięcie przy 30k na dobre ... Dopiero za rok jakies silniejsze ruchy. Albo do 20k albo nowy cykl, nowa hossa.
1940  Local / Polski / Re: Zadyma z bitomatami on: August 25, 2021, 10:55:16 AM
Właśnie w weekend byłem w oddziale shitcoins, do 1000 euro potwierdzenie telefoniczne, powyżej pełne KYC, o opłatach nawet nie wspominam, praktycznie jak podatek.

Przetestuj tą opcję z wcelowanie się w korzystny spread, bo jak juz pisalem w innym wątku jest on niesymetryczny:

na poważnie, to z tym fee to warto przeanalizać temat. Bitomaty, których używam mają fee wliczone w spready (mam cenę kupna i cenę sprzedaży BTC) i co ciekawe jest on niesymetrycznie rozstawiony względem ceny spot. I tak właśnie nieraz wynosi on 6% przy zakupie i 1% przy sprzedaży, nieraz odwrotnie, a czasem po równo. Raz nawet wynosił -1% przy zakupie. Nie wiem od czego to zależy, ale daje możliwość ominięcia fee po prostu czekając na odpowiednią okazje. I tak oto jak chcę wyjść z BTC to sprzedaję do stable coinów a jak chcę wyjść z krypto to czekam na dobry dzień, kupuję btc i wyciągam $$ z bitomatów.

Poważnie ... raz nawet widziałem ujemną opłate u nich przy zakupie .... przy sprzedaży było wtedy ponad 10%, ale to zależy od tego, czy bardziej opłaca im się kupować czy sprzedawać więc w odwrotną sytuację też można trafić.
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