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961  Bitcoin / Bitcoin Discussion / Re: Bitcoin investment on: December 03, 2019, 04:27:33 PM
Yep, having a solid understanding of personal finance management is a must before investing in any instrument, let alone a very risky one like Bitcoin. You should only invest a fraction of your disposable income.

I am not sure about that. Bitcoin can be replaced by another coin, technology or value. Since 2017 BTC does not do much progress as far as I see.
Don't you consider development in Lightning, Segwit, etc great progress? I mean since now all those alts claiming "innovation" are still behind Bitcoin, in all aspects, by a large margin. I still have an optimistic view on Bitcoin future, especially with the next halving in sight.
He only bases the progress on the prices only. LOL. That’s what he meant by progress. I am more comfortable with the current price of Bitcoin now than way back 2017 which is highly unstable and very suspicious with all those new record highs for the price which had been broken very often that’s I’m not that surprised that it had dumped way too low. I prefer slow moving price since through time it would build up a good resistance so that the dump would not be too hard.

I heard a lot of news and I think that’s a progress to if we think about it.
962  Bitcoin / Bitcoin Discussion / Re: Crypto Currencies VS local law policies on: December 03, 2019, 03:59:20 PM
As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.
Meanwhile in my country, Bitcoin is not supported nor banned bu rather the central bank just released a warning to those people who would like to venture in the cryptoworld. It is said that there are risk and you should be responsible enough to face it since we know that the price is unstable and those who aren’t familiar or expecting a great return in a short period of time with no prior knowledge would surely lose their precious money in the process and then blame Bitcoin and say unpleasant things about it.
963  Economy / Economics / Re: Will Blockchain trigger a massive boost in our economy? on: December 03, 2019, 11:58:05 AM
If the government will recognize and acknowledge the advantages of blockchain technology then I think that the blockchain technology will go far in the future. As of now, the governments are still doubting about the capabilities of blockchain because they are scared about the decentralization since they are all about centralization. But I do believe that in the near future, decentralization will be much more favorable in our world.
The majority of countries in the world, especially those who prohibit the cryptocurrency, say they do not reject the blockchain because the blockchain with all its positive supremacy is something that cannot be avoided. But you were right, the government may be scared to adopt a decentralized blockchain because it can't be fully controlled by the government. Based on this consideration, the government prefers to choose permissioned/private Blockchain instead of permissionless blockchain.
And that's exactly why some countries are banning cryptocurrency while others invest on research so that they can launch their own cryptocurrency.
In the era of the Industrial Revolution 4.0, the role of technology took over the majority of economic activity. Blockchain's advantages in tracking, organizing, and distributing information are expected to optimize marketing processes and distribution chains. The tracking system will improve transparency in the production chain from upstream to downstream. These solutions can improve supply chain efficiency. So the government will rely on the development of digital technology in the future to improve the quality of development planning and development itself.
In my opinion, the government is recognizing this good side of cryptocurrency in their perspective that's why they are studying as to how will they integrate and modify it in a sense that it would align with the ideals of the government also that would enable them to exercise their sovereignty if that's what they chose to label their centralized mindset.
The government itself is preparing for the application of blockchain technology with several programs including improving the quality of digital services (maximizing internet connectivity and mobile phone penetration) for efficiency and driving economic growth. Simultaneously improving the quality of human resources is also needed so that they are ready to compete. Modernization (upgrade) in all fields, especially the productive sector, in order to encourage the development of financial technology. If the digital economic climate has been formed, innovation is needed between the government, business people & the community to encourage collaboration between start-up companies and program sustainability.
Though I'm curious about this projects they have on mind though as I recall correctly that coke had used the blockchain technology to sped up their services and I think that's the point. Blockchain technology speeding up the interaction of one body to another would yield to positive economic growth since time is money.
964  Bitcoin / Bitcoin Discussion / Re: Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump on: December 03, 2019, 07:29:48 AM
Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.
Logically speaking, no one profits in joining pump and dump schemes other than those who are head behind all this. Joining it simply makes you a puppet and willingly donate your money to them. A responsible trader should know themselves the market and trade accordingly by trying to project the price through methods like technical analysis along with the news. You should not rely to other people and trust yourself even more by educating yourself since the knowledge nowadays is just a the tip of your finger. What you only need to do is to have some dedication, determination and time to learn.
965  Economy / Economics / Re: Future without Middle men big way, but big Question? on: December 03, 2019, 06:36:50 AM
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 
Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.
In a world where money runs deep, banks had established deep roots that can't be uprooted easily and there is no need to eliminate this but rather having us more options on what monetary system would suit as by the establishment of cryptocurrencies along with the question of which is more convenient to use giving the transactions' circumstances.
Do you think  life without middle men Will be better? 
There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.
Although we are saying that through Bitcoin, middlemen are eliminated but the thing is it is hard to trust someone you don't know that's why we hire escrows to serve as a middleman and I am not saying that it is a bad thing but rather it is just the way it is. The good side in cryptocurrency is that you have more freedom to do what you wish to accomplish.
966  Alternate cryptocurrencies / Altcoin Discussion / Re: Investors are getting smarter but why not developers???? on: December 02, 2019, 04:23:17 PM
What the developers are after is the cheap listing fee since reputable exchange is very expensive. But on the other hand, although you had listed your coin or token the thing is that if it is not in a good exchange or decent at the very least then it would not have a good impact to the image of your project especially if it is a shady exchange. Though there are cases that it is the user's fault and just ranting that it is a scam exchange well in fact they don't know how to use it or they had exposed their private details needed to sign in in an exchange.
967  Alternate cryptocurrencies / Altcoin Discussion / Re: Will You Trust a Project Announce BY A Legendary Member on: December 02, 2019, 03:41:26 PM
Yes, I will trust them because legendary members will not do anything to make their reputations dirty so that they will not get red trust on their bitcointalk accounts just because of those projects that aren't profitable or scam.

@daniel002 I would be careful if I were you as people can always buy a legendary account, and those bought accounts views cannot be trusted. In my case I would only trust old and active legendary members here who have proven over the time that they can be trusted with their reviews.

Yes, trusting legendary members who are active in this forum will be far better than trusting legendary members who are not active at all and will be considered and investigated before participating in a managed project.
actually ranking is not a problem in managing the project, but if suddenly a legendary member comes and manages the project, it must be suspected and carry out a detailed investigation.
That, I think is the good thing when a legendary member manages a campaign since it would be looked at carefully whether is it a sold account that had been bought in a purpose to encourage the users in bitcointalk to join their bounty which is quiet shady if we look at it. The thing is that I had witnessed some managers who are legendary but turns out the bounty is a scam so I think it is not on the rank of the manager that we should trust but on the reputation. I would be more inclined to join in a project where the manager had a good history running previous projects or had positive DT.
968  Economy / Economics / Re: Crypto Taxation on: December 02, 2019, 02:59:51 PM
I think that the government taxing cryptocurrency is when you are earning through it then taxes follows as what it is though I hope that only those who earn massively in crypto are taxed or just companies. Small time crypto users are normal people who are trying to earn money in the online world is nothing compared to those companies in cryptoworld where they earn a lot of money. There is nothing wrong with taxation as long as it is reasonable. I'm curious as how will they implement this in a decentralized platform of Bitcoin.
969  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this really a good plan? on: December 02, 2019, 09:53:37 AM
Promoting new projects today is indeed full of questions and struggles. Sometimes, will the project we promote success and enter the market and pay the participants? If it is not successful they will not pay, even sometimes successful projects are running  not paying participants. Sometimes it seems like now we betting between winning or not.
This sounds like gambling in a sense that selecting what projects we should advertise aka bounty is now based on chances since we can never tell if it is scam or not. Even if it is a success, we can never tell if it would pay or not. That’s why many people had given up on joining bounty campaigns nor investing in a project due to these news or their experiences in dealing with these kind of scam projects which utterly a waste of time since some joined at the very first week and would run for a couple of months just to find out that it would not pay or the token holds no value.
970  Economy / Economics / Re: Financial Crisis Will Come on: December 02, 2019, 07:32:58 AM
This is still uncertain about the future. I have noticed negative interest rates are gradually appearing in European countries and the trade war is not over. but it was all just the beginning and the worst was the recession. The economic crisis is even more serious, it usually occurs when a bubble has just burst.
So I think the situation is not as bad as you think. everything is still manageable and the Fed is doing a good job of continuously reducing interest rates.

Situation is worst then ever before, government is just trying to cover that. They manage to bail out huge banks and their mistakes, they manage to bail out some countries, Greece for example, but in long run that financial crisis will come and bubble will burst. Trade wars around are just like sparks, we see them here and there, and I think that one of these sparks will create a big fire, sooner or later.
Financial crisis will come but there are ways for us to avoid it. The banking system will definitely collapse again like what happen on 2008 where it said that it wast the most serious financial crisis that the world experienced. We can avoid it by being smarter and skillful, acquire assets that have value where it continuing to increase.
saving money in the bank make us not ready to face this financial crisis. We have to do another thing so our saving and assets increase alot. When crisis coming we already have preparation to face it.  Skill and our knowledge could be the solutiom too , we could catch many opportunity in around us to ear money.

then dont put all your savings on a banks so that you still have a back up money if ever banks collapse  . another good option would be investing some of your money on cryptocurrencies  because i think cryptos wont be affected by a crisis but fiats are usually the one's that can be targeted if its related to financial   . there are no cryptos before but people survive the crisis ( any kind of crisis that happen ) not just financial  , so we shouldnt be scared of it  .
I don’t really know if cryptocurrencies would the best option in times of crisis to secure your assets so I suggest to store some of your assets in gold. It is interesting to know if when that time happens which I also would not, what would happen with the cryptocurrencies. Would countries start using it just like in Argentina where people had been buying cryptocurrency to store there funds since they are experiencing economic crisis. Though I think the chances of the banks collapsing is very low i.e. close to impossible since banks aren’t just about fiats.
971  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: December 01, 2019, 03:47:07 PM
Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?
Hardware wallets have recovery seed isn't it? You can just recover it if it somehow been damaged then buy a new one immediately and transfer it all to the next one. There is no need to have a lot of hardware wallets really but maybe you can do fine by 2. You could use the second wallet as a back up in case something might happen to the first one. The one that you need to think about is how to store your recovery seeds which the major rule is to never leave any traces on any digital devices meaning you need to write it in something physical and store it somewhere safe i.e. away from prying eyes and hands.
972  Bitcoin / Bitcoin Discussion / Re: French National TV Starts Advertising Bitcoin on: December 01, 2019, 01:44:40 PM
I think that France is one of the crypto friendly countries, back in 2010 i saw a news report about a guy earning money with his computers by mining bitcoin and that was the first time that i learn about it and kicked off my passion for bitcoin to where i am at now, and if these kind of ads get to the right people and influence them like influenced me, bitcoin will have many new people coming to it and increasing its popularity, and also i saw another post about them starting to teach it in universities and this makes me think that they are really making huge step toward bitcoin adoption.
That’s very interesting that in France there are active approaches for their people to start engaging with Bitcoin as form of earning money, payment and storage of assets. I am curious of what were the lessons would they teach Bitcoin in the university and whether is an elective subject or for specific programs only involving programming or any related fields. Another thing that is interesting to know is the regulations of their country with regards of Bitcoin whether do they impose taxes and have bills filed in their legislation.
973  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your take? on: December 01, 2019, 11:13:58 AM
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
I am not really sure of the exact reason on the fluctuation of the cryptos' market value and I have a 40% feeling that early next year there would be somehow an increase or sign of recovery. I am losing from my investments in my portfolio but selling won't be the solution but to just wait for things to be again in favor to the market itself. And to other investors or future investors perhaps, do not be hasty with your decisions and be mindful of what you are engaging yourself into.
Isn’t the usual thing when the year ends there would price surge then followed by price dump. I think around February the price would recover bit by bit but I do not really expect much about the price. All you have to do is to hold those coins since it would recover and be back to its normal price. There is no reason to panic sell and if you are an experienced trader and familiarized yourself as how the cryptomarket behaves then you can think logically when is the right time to buy and sell.
974  Alternate cryptocurrencies / Altcoin Discussion / Re: We are only rich on spreadsheets on: December 01, 2019, 10:08:26 AM
Most cases, it is. That’s why you need to pick a bounty very well since some lasts for months and you wouldn’t want your time to be wasted just like that nor offer basically free labor out of nothing and sometimes it is absolutely nothing as it turns out to be scam. Also, the ICO price of their token is far from their price when it hits an exchange so you shouldn’t really based it with its exact price. I often compute it with forty percent of its price.
975  Alternate cryptocurrencies / Altcoin Discussion / Re: Where do you stake? Exchange or wallet? on: November 30, 2019, 06:06:22 PM
Of course inside our own wallet, many things happened with the exchanges these years and more importantly they are a target of the hacker. The probability for them to screw you is bigger than holding it on your own, I do not have any trust left.
Remember what people said, you do not have the keys that mean you do not own the coins.
Exactly that’s why I encourage people to store their coins in wallets that they have access to their private keys. You only use exchanges to trade cryptocurrencies and not to use it as storage. There are news of people who lost their money in exchanges and they can’t do anything about it which is quiet sad and infuriating. Also, if you want to trade then better pick trusted exchange. If you want to be more secure you can buy a cold wallet.
976  Alternate cryptocurrencies / Altcoin Discussion / Re: Seeking answers can help on: November 30, 2019, 05:42:15 PM
The problem with most of these newbies is that they want to have their $1 turns $1000 in a week and this don't end well, we have all heard about a story of people investing so and so amount of money in a project and make 100X, but the issue with most of them is that they don't know that there is no free meal anywhere
The biggest problem is that they are given incomplete information, it is true that those that invested in bitcoin when it was really cheap have gotten profits like that, but what they are not told are all the very special circumstances in which this happened, bitcoin is the best coin in this market so very few coins can give profits like that, also the time it will take for a coin to give those kind of profits cannot be measured in weeks but in years or even decades.

Finally all of those that want to obtain those kind of results do not have any knowledge about how to invest in any market and yet they want to become rich very quickly and we know the chances of that are very low.

Apart from the Incomplete information doled out. Newbies are largely affected by impatience and inability to seek knowledge. They see cryptocurrency as a get rich quick scheme because of juicy stories their friends passed to them. And these uninformed cryptocurrency enthusiast make up the majority of the numbers.
In a way I can understand that newbies do not really know about the history of this market and how it has evolved over the years and I can understand as well their enthusiasm to be part of this market, what I do not understand is that after months or even years they refuse to learn about this market and how it is impossible to get rich in just a few weeks, then those very same newbies as it could be expected lose all their money and then they blame the market for their losses when they are the ones to blame for having unrealistic expectations out of it.

So it is really disappointing that people like that are the majority of the users in this market but I think you're right in your assessment.
These people who are driven with false expectations had failed themselves. If you were to invest your money especially when we talk about a massive amount then be responsible enough to educate yourself rather than just using your emotions but do not really know how the market moves especially in the world of cryptocurrencies where the prices faces high volatility and if you don’t know or familiarize yourself about this then you’ll end up in the losing side which would make you inclined to cut your losses fur to panic and find yourself regretting or blaming the cryptocurrencies because of not doing your part.
977  Alternate cryptocurrencies / Altcoin Discussion / Re: You think that governments might adopt cryptocurrencies to replace fiat currency on: November 30, 2019, 06:55:55 AM
However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?

maybe 100 years from now it will be possible to do so, but it is impossible today because there are many governments that invoke the sovereignty of their governments to refuse many things when those same people of governments who invoke sovereignty issues like to accumulate their wealth in US dollars and buy homes and other properties in rich countries like the US
IMO.. 100 years from now is too long,  I predict that governments from various countries will adopt cryptocurrencies in the next 35-50 years.  the governments in various countries will not replace fiat currencies, they will make fiat currencies and cryptocurrencies in circulation together.
That’s what I thought too since fiat still has its own uses and conveniences that cryptocurrency may not provide and it also goes the other way around. With that amount of time from our time, I see that the cryptomarket would have a massive volume which would mean that price spikes would not happen much due to low volatility which is quiet good in the aspect of mass adoption throughout the world and also that doesn’t mean that traders would not still make a reasonable profit but rather it is now much safer and healthy.
978  Economy / Economics / Re: Does China Control Bitcoin? on: November 29, 2019, 12:39:04 PM
Purely theoretically, China can take control of bitcoin, as He is one of the leaders in Bitcoin mining. But I do not think that he will do this, now China is more interested in creating its own crypt, which will be 100% under its control. https://neironix.io/news/china_plans_release_national_dcrp

China cant take control of bitcoin no one can!  That is the beauty of the network.  Can someone theoretically 51% it yeah, but the economic incentive is not there to 51% it.  How do peoe think that a single government entity can take over bitcoin...I dont think you understand how bitcoin runs.

Economically it may not make much sense. But from a government point of view, it can make a lot of sense. They can spend a few billion USD and destroy the credibility and reputation of Bitcoin forever. But spending such a huge amount of money from this purpose can never be defended before the public, unless they can prove a credible link between either crime or terrorism with Bitcoin. Well... they will never get such a link, because it does not exist.
That’s a lot of money and if they do use it to destroy Bitcoin then that would mean that 90% of that amount can only be returned to them. The thing is that it is not worth it to use that amount to destroy Bitcoin but rather they should use it to a more productive way that would help and benefit their country. They don’t need to defend this decision to the people because in the first place they would not make this decision of wasting the money of the people.
979  Economy / Economics / Re: If we can see a country with 'Bitocin standard' monetary system on: November 29, 2019, 10:25:01 AM
I'd like to see this one. However bitcoin supply is finite thus, it won't last at some point in time. Though price is fluctuating but in some point in condition. In addition, bitcoin in by default at exactly every 4 years supply is halving which on the other hand has a direct effect in the economy. Bitcoin can act as money but fiats cannot act as crypto.
I disagree with your statement that Bitcoin’s limited supply would hinder being used as standard monetary system. We should recognized the fact that Bitcoin has eight decimals hence even when the price soar high then I think it would accommodate the need of the people. Though in your last statement, I am with you.
980  Economy / Economics / Re: Where should we focus this year? on: November 28, 2019, 07:08:55 PM
It's a nice picture, many people still don't know much about Blockchain, but that will change. A logical assumption is that we need to focus on education, spreading knowledge. It's something that we are doing all these years, but it's time to push harder. If we focus on that, people will learn about Blockchain, more people will be involved, the prices will grow.
There is no need to learn blockchain because not all of us are going to become blockchain developer. The main focus should be on the products of blockchain that start from crypto currencies  and what benefits are provided by these institutions. Though the understanding of blockchain can give a good idea about the importance and future of its products, but adopting the changing trend is enough.
We do need to learn about Blockchain but only the basic ones. Going technical is up to you whether you are just simply curious or would like to use this as a way to learn new skill that you can use to earn bitcoins or some other cryptocurrency. Learning the basics would provide you solid grasp and understanding as what is happening behind the transactions that you are doing. Since it would limit us asking and wondering why does your transaction process slower or what fee should I pay.
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