|
41
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Binance as the third largest coin
|
on: February 22, 2021, 04:01:40 PM
|
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
I really don't think centralization is an issue with BSC compared to Ethereum. Ethereum literally rolled back hacks and gave people their money back. There is literally nothing worse you could do from that standpoint, so no matter what the powers that be at BSC do they still won't be as bad as the Ethereum leadership. |
|
|
|
|
42
|
Economy / Economics / Re: Citi Can’t Have Its $900 Million Back
|
on: February 19, 2021, 05:47:54 AM
|
|
See, this is why we need the banking system to be run on Ethereum. It is crazy that the banks, out of all organizations, are using payment mechanisms without built-in bailout capabilities.
|
|
|
|
|
43
|
Economy / Economics / Re: Citi Can’t Have Its $900 Million Back
|
on: February 18, 2021, 07:52:16 AM
|
Perhaps someone can invent a new altcoin which addresses these concerns?  Wouldn't be that the most useless altcoin ever? Just imagine, I'd send coins to the exchange, withdraw Bitcoin then revert the altcoin transaction. It would allow you get anything for free. Do you expect anyone - from exchanges to merchants - would be stupid enough to accept such a coin?! It already exists, it's called Ethereum. I prefer to call it SCTN though, Smart Contract Testnet. If you don't like the result of your smart contracts just request a bailout. |
|
|
|
|
44
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
|
on: February 18, 2021, 07:36:32 AM
|
As I saw, ETC hadn't such pumps like a lot of coin on market now. It's strange, because it's popular coin. So I think, maybe we can see ETC price growing in near future... Should we buy it now, untill to late?
It absolutely has some serious pump potential. It has good exposure to normal investors with Greyscale and Robinhood, it's unfortunately just stuck in that ever declining state (despite the recent increase) that all altcoins tend to be in when they're not going up. ETC just needs to become a hot investment again, if we see $50 we can see $500. |
|
|
|
|
45
|
Other / Politics & Society / Re: Decentralised Government - DEGOV
|
on: February 18, 2021, 07:32:33 AM
|
Is DEGOV a possibility?
No, it is not possible. At least not over the long term. Extremely weak governments such as what you describe will ultimately get overrun by stronger governments looking to expand. Look at what happened to the Indians in the early days of the United States. Native Americans were centuries behind in technology and were outmatched by the settlers. The people absolutely would fight back against an attack. We don't need an organized military to do that, we just need some Americans that aren't braindead and still care about their freedom. |
|
|
|
|
46
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
|
on: February 16, 2021, 10:52:40 AM
|
why this is happening....1ETH = 200ETC?
why is the difference between the two currencies constantly increasing?
Can anyone explain ...? What has ETH and does not have ETC?
Not the same project! Exactly, one of them seems to be successful  Successful, yet bereft of integrity. I have come to the conclusion that Ethereum is just like Ripple, a centralized token designed to enrich the founders and insiders. Imagine if Bitcoin had a bailout. Don't we remember when Bitcoin came into existence? Following the financial crisis and the bailouts! A bailout is the very antithesis to cryptocurrencies. |
|
|
|
|
49
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
|
on: January 09, 2021, 04:01:34 PM
|
ETC/ETC keeps dropping
1ETH = 125ETC
1ETH = 148ETC This is sad, especially for us early backers of this project. Has there been a technical analysis on ETC and why ETH is able to attract all the investment while ETC is still straddle shitting? It's pretty simple. Most of the incoming investors do not know why ETC exists and even if they do they don't care. Cryptocurrencies have lost their way. An immutable blockchain is as intrinsic to cryptocurrencies as free speech is to a free country. What pains me about the growth of cryptocurrencies is not the new size of the community, but how the community has changed. |
|
|
|
|
50
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
|
on: January 09, 2021, 04:32:14 AM
|
ETC/ETC keeps dropping
1ETH = 125ETC
1ETH = 148ETC This is sad, especially for us early backers of this project. Has there been a technical analysis on ETC and why ETH is able to attract all the investment while ETC is still straddle shitting? Most people getting into cryptocurrencies these days have zero clue what makes them special. ETH is a goddamn joke, what is the point of these smart contracts when you can undo them if you don't like the result? deeeeeeeeeeeeaaaaaad
forever.
There will be a resurgence. May take a while though. |
|
|
|
|
51
|
Other / Serious discussion / Re: California Court of Appeal / Coinbase: not your keys, not your (forked) coins?
|
on: January 05, 2021, 09:10:20 AM
|
Forked coins are "third-party" coins even if they're forked from supported coins, and the exchange has no obligation to install its software or to provide services related to these third-party coins, if this is not marked in the User Agreement. The exchange has therefore no obligation to make forked coins available to its users.
Honestly, as much as I hate Coinbase, this makes sense. There are a sh*tton of forks (I believe the website isn't even up to date) and if I owned Coinbase, I'd do either the same or allow the customer to take the forks with a little premium for my company's efforts of retrieving them (unless I directly gave the customer their privkeys). I don't like this slippery slope argument. Sure, there are a lot of forked coins, but we can be reasonable here. Some exchanges refused to credit their users with BSV. BSV is #14 in market cap. This is significant. Just because you allow a user to use their #14 ranked coin does not mean you need to give them access to #1,400. I am not opposed to a reasonable handling fee by the exchange that covers the costs associated with crediting their users the coins from the split. |
|
|
|
|
52
|
Other / Serious discussion / Re: Is Coinbase a trustworthy company?
|
on: January 05, 2021, 09:04:02 AM
|
|
Coinbase is the PayPal of the Bitcoin world. Ubiquitous, used by most newcomers, bans people all the time for no reason, acts all high and mighty while being responsible for more criminal activity than any other exchange, and their customer service is so terrible it feels like they hate their customers.
|
|
|
|
|
54
|
Economy / Speculation / Re: Correction has started?
|
on: January 05, 2021, 06:33:22 AM
|
If $30k doesn't hold, this run is over. That's not to say there won't be bounces.
But I've been watching transactions and seeing a lot of money moving from cold wallets to exchanges over the past few days. There's also been articles about this. People taking profits.
I predict we'll settle in the mid-$20k range, then up again, then down again. There's also regulations coming in the next few weeks. UK buying ban in effect tomorrow, etc.
And the problem with institutional investors is - while buying is wonderful, selling is not. MicroStrategy bought their $1.6B worth of coins at an average of $21k/bitcoin. If the price drops below that, I'd imagine their investors would be clamoring for answers, and may force a large sale to cut losses. That sort of event could be what sets of a bear market for sure.
Source on that price? I thought it was more like $10K. And yeah, I don't like the way it looks right now. Running out of steam and unlike the past few days people actually have a reason to sell. |
|
|
|
|
55
|
Economy / Exchanges / Re: MtGox withdrawal delays [Gathering]
|
on: January 01, 2021, 06:58:54 AM
|
No. It's another of Craigy's lies. He just selected an address with a large balance and pretends it's his like all the other ones. He was a Gox customer himself and moaned about losing in there. He probably had a grand total of 0.001 BTC. And it's ever so slightly doubtful that the actual Satoshi would be using a piece of shit exchange like that, or any exchange. What makes you think Satoshi would never use an exchange? Satoshi is often treated as this godlike character, which is reasonable considering what has happened, but we don't know why Satoshi disappeared, hasn't sold any coins that we know of, etc. |
|
|
|
|
56
|
Economy / Speculation / Re: The Big Short movie, BTC edition?
|
on: December 15, 2020, 06:17:14 AM
|
Tether FUD? What is this, 2017? Until I see an FBI logo across Bitfinex and Tether's websites and a press release about billions of dollars seized from their bank accounts, I'm not concerned. I don't even care whether USDT is fully backed. The market doesn't care either as long as withdrawals are operational. Someday I'm sure the music will stop but Bitfinex and Tether have been a "ticking timebomb" for several years already. Timing their downfall is impossible and to be frank, the US government looks powerless to stop them. Timing their downfall is impossible, so you just don't care? Why would you hold something that eventually will go down in value (even moreso than the dollar itself) when it can never go up, especially when reliable stablecoin alternatives exist? |
|
|
|
|
57
|
Economy / Speculation / Re: Above $20,500, BTC will give $4k+ move. Here is why
|
on: December 03, 2020, 05:24:09 PM
|
Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing. Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee. Good ways to trade: - Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
Another good way is to move to alts which still have 2x upside left.
Bring on your thoughts. Let's discuss, debate and predict together That's a great advise on how to lose money.  I'm not very good at math,but how exactly can we sell at 19.7K,then buy at 21K and make a 4K profit? The best move is to just HODL... Why do you think that the altcoins will go 2x?If the altcoins are going 2x,while Bitcoin price is increasing with 10% only ,wouldn't all the investors just leave BTC and jump on the altcoins? How the hell can you "guarantee" that the price will go up by 3K-5K USD?Do you have some secret insider information?Are you the God of crypto trading or something? Haha good arguments! I know how to trade. And I know I can be wrong. hence, I trade on probabilities. But the good thing is I always have a back up plan. One does not get so many investors to manage the portfolio if they weren't doing good or something right. I am only sharing what I am doing myself. My point is, there is still upside to alts. Can't say the same for BTC unless $21,000 taken out. Still, the % movement will be higher in alts because it is easier to move them. I am betting heavy on alts as of now. A lot! I have $70,000+ in alts across my and client's portfolio. It's still not a bigger part of the portfolio but I am gonna move more to alts. Some profits booked in BTC and some holding. And your rationale for selling at $19,700 and buying back at $21,000 ... thus losing 7% right off? Because the price could certainly go down. This is sound logic, as once it breaks $20,000 with conviction it may very well be off to the races. |
|
|
|
|
58
|
Economy / Speculation / Re: 3rd times the charm 20K
|
on: December 03, 2020, 05:21:47 PM
|
here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick
Volume has gotten very low the last several days. A big move is definitely about to happen. I'm torn, maybe leaning 60-40 in favor of a bullish resolution. Can't rule out a brutal shakeout from here though, especially since everyone seems so bullish. That Fear & Greed index is looming. I've always seen low volume to indicate that the move is without conviction, which in this case is our move up to a 3 year high. People like to also point out the Google Trends date showing searches for Bitcoin are only 15% of what they were at the peak in 2017. Some people will spin these in a positive way (e.g. more room to run), but I just think that indicates we are in a speculative asset bubble and that all these speculative stocks and cryptocurrencies will eventually have to fall. |
|
|
|
|
Show Posts
