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April 21, 2021, 11:09:12 AM *
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1  Alternate cryptocurrencies / Altcoin Discussion / Re: BNB always Burn on: Today at 10:25:09 AM
Price stability and increase are some of the major reasons coins are burnt from time to time, the binance team is working on the BNB coin circulating supply to keep inflation in check.

This has been the culture of many coins, most especially the stable coins.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Coins to be the hottest to get on today? on: Today at 09:08:16 AM
I load my bag with some dogecoin and binance coin and other altcoins that are doing well in the market. My portfolio is 40% into Bitcoin and 20% to ethereum then 30% to other altcoins.

If things go well, this investment pattern will yield positive results, with good profits in the future.
3  Bitcoin / Bitcoin Discussion / Re: China gives bitcoin stamp approval as investment alternatives on: Today at 06:58:17 AM
Activity around Bitcoin has always been going on in China, the majority of mining is
happening there and as @Lucius states mining equipment is manufactured in China.

For me what this news means is that the Chinese government has given a
clear indication that its perfectly ok to invest in Bitcoin so larger companies have
legitimacy to get involved now.
China as a technology hub is very favorable to cryptocurrency activities as the cost of electricity is low and with solar systems, as a backup large number of miners are in China, China hashes the highest harsh rate compared to other countries. So the Chinese market is the biggest in cryptocurrency.
4  Bitcoin / Bitcoin Discussion / Re: China gives bitcoin stamp approval as investment alternatives on: April 20, 2021, 06:56:39 PM
The china central bank has given unprecedented stamp approval to bitcoin and other stable coins, as investment alternatives.
As Bitcoin tries to recover from last weekend’s price crash, which brought bitcoin down to $52k from its all-time high of $64k making a $7,000 loss within a few minutes.
This news will further strengthen the bitcoin market to recover fast.

When you post something like this, you need to provide the source as well. How we will get to know whether this is some unfounded rumor, or real? I did a quick search in Google News, and this was one of the articles that I found:

Li Bo, deputy governor of the People’s Bank of China (PBOC) called bitcoin an “investment alternative.” Industry insiders called the comments “progressive” and said they were “significant.”

As investment alternatives, “many countries, including China, are still looking into it and thinking about what kind of regulatory requirements. Maybe minimal, but we need to have some kind of regulatory requirement to prevent ... the speculation of such assets to create any serious financial stability risks,” Li said.

So we indeed have some positive signals from the Chinese central bank. I just hope that their colleagues in Nigeria and India are taking note.
Hope so I read in the news that Nigeria's central bank placed a ban on the use of cryptocurrencies in that country.

What the government of Nigeria should have done is to work out modalities and regulations around cryptocurrency rather than Ban.
Take US and china for example Bitcoin users are now paying tax and the government generating revenue from the use of cryptocurrency within the country.
5  Bitcoin / Bitcoin Discussion / China gives bitcoin stamp approval as investment alternatives on: April 20, 2021, 11:14:37 AM
The china central bank has given unprecedented stamp approval to bitcoin and other stable coins, as investment alternatives.
As Bitcoin tries to recover from last weekend’s price crash, which brought bitcoin down to $52k from its all-time high of $64k making a $7,000 loss within a few minutes.
This news will further strengthen the bitcoin market to recover fast.
Link to article
6  Alternate cryptocurrencies / Altcoin Discussion / Re: 20th April dogecoin day on: April 20, 2021, 10:18:40 AM
I'm afraid Dogecoin can be very dangerous. Its rise is unbelievable and it's not due only to Elo Musk tweets but, I think, it's like a FOMO without any particular reason. 

I am not surprised at the dogecoin price as they created the coin as a joke and that anything can happen at its price. Today is already April 20th let wait for a see if the dogecoin will reach $0.59.At, the time of this post dogecoin is last sold at $0.38 so let wait to see what happens in the price before the end of the day.
7  Economy / Trading Discussion / Re: Anybody to help me? on: April 20, 2021, 06:25:51 AM
One of the major reasons newbie traders feel skeptical about the use of pro traders (hedging service provider) is the record of scams in the entire cryptocurrency. They don’t feel secure sending their fund to anonymous platforms, so as a normal trader they prefer to trade themselves, to have total control over they crypto assets.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Passive income on: April 19, 2021, 08:38:33 PM
I don’t believe the word passive income in cryptocurrency, as the entire processes in the cryptocurrency have no guaranteed steady profits making method, it’s base on speculation, risk, and high volatility.

I could have suggested staking, trading or mining crypto, but they all come with their unique risk and peculiarities.
9  Alternate cryptocurrencies / Altcoin Discussion / 20th April dogecoin day on: April 19, 2021, 06:40:16 PM
Dogecoin, a coin created in 2013 as a joke, has become the 4th,
cryptocurrency in market capitalization. Dogecoin with a market capitalization of 54 billion dollars, late last week when its price did an all-time high of $0.43  the meme cryptocurrency has witnessed great support from high personality e.g Elon Musk eco, Tesla.

Since the creation of dogecoin on April 20th has been celebrated as dogecoin day, a day where dogecoin fans take a day off to celebrate dogecoin. This has been the tradition since the creation of the coin in 2013.

Analysts and experts have predicted that this year’s celebration will push the price of dogecoin to $0.59 a new all-time high.

What are your views on this?
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Another huge dump happening today, is this it? on: April 19, 2021, 03:45:22 PM
Late last week we saw the highest drastic drop in the daily bitcoin price, the price drops to $50k after reaching an all-time high of above $64k, before gradually picking up again, this drastic drop in bitcoin price is the highest since 2017.

There were reports that a power outage in China city Xinjiang which house many miners caused the market to crash. According to the Cambridge bitcoin energy consumption index, Xinjiang amount to one-quarter of the global energy consumption.
11  Economy / Trading Discussion / Re: OH YEAH FRUSTATED TRADERS. on: April 19, 2021, 01:03:39 PM
One thing for sure is, there is always a lesson to learn. Most especially the newbies, in trading you need to put your emotions under control don’t allow FOMO lead you to make quick decisions in trading.   

It’s advisable to buy low and sell high, but avoid jumping in at the wrong time.
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Google on: April 19, 2021, 10:00:14 AM

 A more suitable asset class that fits the comparison against Bitcoin is gold since it's also an asset that could be bought or sold in order for it to be invested in just like Bitcoin.
You are right, Bitcoin and gold are in the same class, as investment and commodity. But the comparison is in terms of market capitalization and popularity. It will take bitcoin some years before we can compare it to gold as at now gold market capitalization is $11.27 trillion this is way too much to be compared to bitcoin, which $1.25.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM in a gas station on: April 19, 2021, 06:51:00 AM
Bitcoin ATM in a gas station is a significant improvement in the BTC ATM sector, I used one recently in a Miami nightclub. But the major challenge is the KYC security process, which requires personal details. Such as scanning your driver’s license and ID number.

But it’s an excellent development for those who don’t care about privacy.
14  Other / Beginners & Help / Re: The bad side of close source wallets on: April 18, 2021, 04:21:51 PM
Open-source to me is more secure because with open source a user having programming knowledge can change the wallet code and decode it to his desired code that will run the Bitcoin wallet giving the user total control over the security of the wallet.

But that can not happen with a close source wallet because you don’t have the wallet code, just a wallet key that can’t give a 100% guarantee of the wallet security.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: You guys are wrong, nano is the best store of value for the coming years. on: April 18, 2021, 07:42:48 AM
Nano has great features that will solve some of the several challenges faced in the cryptocurrency market, with its unique low fees and instant deposits this will allow for merchant and retail easy usage as one will not pay high fees on small transactions and haven’t to wait longer for transactions confirmation. Nano will indeed be the alternative to bitcoin and ethereum for retail usage.
Nano's long-term price will depend on the team's constant development and its demands.
16  Bitcoin / Bitcoin Discussion / Bitcoin vs Google on: April 17, 2021, 08:54:20 PM
bitcoin reaches a new milestone when its market capitalization settled at $1.25 trillion this week this height has made so many analysts including myself to compare the giant of cryptocurrency (bitcoin), to Google the king of search engines and video streaming in market capitalization.

Bitcoin market capitalization as of the time of this writing is $1.14 trillion.

Google’s market capitalization is $1.5 trillion.

With the current surge in the bitcoin market, I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.

What is your opinion about this?
17  Economy / Gambling / Re: 🚀 - New Community Chat feature on site now!! 🚀 on: April 17, 2021, 04:44:35 PM
I did a 0.48 mBTC deposit and it got credited into my account even though it says minimum is 0.5 mBTC
I don’t get the point you are trying to prove here. First, you complained about your 0.099 LTC missing when the terms and conditions of deposits stated clearly of minimum of 0.1 LTC deposit and you still deposited 0.048mbtc instead of 0.5mBTC minimum deposits.

You are making deliberate mistakes just to create fuds in the sportbet community.

Whatever the outcome of your actions are, you just have to face it since you went against the rules.

18  Bitcoin / Bitcoin Discussion / Re: Bought my vitamins with Bitcoin on: April 17, 2021, 01:48:50 PM
You are lucky to be living in a country where bitcoin is unregulated and the use of a custodial bitcoin wallet is encouraged, this solves the problem of fees which is why so many bitcoin users avoid using it to pay for retail goods, non-custodial wallet charges high fees for peer-to-peer transaction no matter how small the amount.

Unless you will use the bitcoin lightning network for transactions to avoid being charged high fees, but using a lightning network requires some level of technicalities.
19  Economy / Trading Discussion / Re: Hurry Hurry Hurry!!!! on: April 17, 2021, 06:03:42 AM
Congratulations to Coinbase and its employees, for becoming one of the US leading cryptocurrency exchanges and being listed on the public stock exchange Nasdaq with the ticker (Coin) after eschewing its traditional initial offering (IPO).

This means a more competitive cryptocurrency market for the other publicly traded companies in the US, such as Nasdaq, and intercontinental exchanges.
20  Economy / Trading Discussion / My trading strategies on: April 16, 2021, 11:10:22 PM
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.
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