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January 27, 2020, 12:01:37 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Crypt is now legal in Ukraine on: January 26, 2020, 01:49:14 PM
Ukrainian Finance Minister said  the government is in position  "to block crypto wallets" containing " illegally obtained crypto assets" . (I wonder how to?) .

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost economy.

I wonder if crypto holders will pay a crypto tax in case of legalization?
2  Bitcoin / Bitcoin Discussion / Re: So...Is Bitcoin the ultimate coin that does not need more development? on: January 26, 2020, 01:46:43 PM

Can we still expect better coin than Bitcoin?
In any case, the crypto sphere develops and like any process evolves. I am sure that some time ago the better coin will appear, but this will not happen soon

3  Bitcoin / Bitcoin Discussion / Re: Sigh... Do i need to hold and sell it later or now? Quite tricky situation. on: January 26, 2020, 01:42:45 PM
The closer to spring the higher Bitcoin price. This happens in most cases, so I would wait. I am sure you will benefit in any case.
4  Bitcoin / Bitcoin Discussion / Re: Many big powers agains crypto on: January 20, 2020, 09:04:15 PM
Who cares what YouTube or Google says about crypto? Have an opinion on Bitcoin, do not pay attention to other people's statements. That is how you reach the truth
5  Bitcoin / Bitcoin Discussion / Re: Okay. If i have $10000 for investing, how much should i invest in Bitcoin? on: January 20, 2020, 09:00:04 PM

I am thinking of 30% in stock, 30% in fund, 40% in Bitcoin.

How about this ratio? Any thought?

What funds and stocks are you talking about? We need specifics. I support investments in Bitcoin, having such capital you should buy at least 1 Bitcoin and play on short-term investments and you will have a constant income
6  Other / Beginners & Help / Re: Big invest in bitcoin on: January 03, 2020, 10:33:30 PM
The risk is everywhere, its not a secret. And the issue of investment is purely individual. We can say that 10 years of Bitcoin's existence have shown that this is a profitable asset, but only you must decide to invest or not to invest  Huh
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin Market Is Manipulated on: January 03, 2020, 10:29:10 PM

Yes, this can be manipulated, but for what? Whales get a steady profit from Bitcoin volatility and I am 99% sure that none of the whales will destroy the market. It is not profitable, it will bring loss, therefore it will not happen
If they are in group of whales and making an organized sell or buy order to manipulate they could take advantage of the whole market. You see there are many panic traders aswell who aren't really experienced in trading and rather making trade orders simply based on fear. I'm sure the whale are trying to target those kind of people because that's the easiest.

Whales live off small panic traders. Two years ago, we saw how whales can hit a jackpot when Bitcoin grew to 20k and collapsed at once in a flash. Its just needed to be careful and trade with a cold mind.
8  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 03, 2020, 10:24:45 PM
Technically there is no point in discussing his claim. This guy has no technical knowledge of bitcoin but all credit goes to members of this forum including me for making this faketoshi so popular. We all know he has done nothing and he is only doing this to get popularity nothing else.

It seems to me that he confuses popularity with shame. In my opinion, I’m ashamed to expose myself to Satoshi without even having technical knowledge about Bitcoin.
9  Bitcoin / Bitcoin Discussion / Re: You should burst this MYTH on: December 31, 2019, 11:24:13 AM
Crypto whales need this "myth",in order to manipulate the bitcoin price.Nobody is going to burst it. Grin

Oh yeah, that's for sure. Whales love such myths to get their chunk of profit.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin scams and new Bitcoin users on: December 31, 2019, 11:22:00 AM
In as much that there are a lot of scams in the bitcoin ecosystem and the entire crypto space as a whole, greed is the only reason why a lot people in the crypto space and bitcoin ecosystem fall for these scams. It is about time people in the crypto space need to research before investing into anything in this ecosystem.  Knowledge and understanding are the key elements need to avoid being scammed in the bitcoin ecosystem. Scammers are always looking for greedy people in the ecosystem to scam them. A lot of people in the crypto space do not really know what bitcoin is and its significant purpose in the entire financial space.  Due to this, people easily get scammed.

Fraudsters have learned not only to create super-attractive conditions for their deceptions, but also to involve influential advisors so that this scamming deal looks very believable. People get these tricks and lose money. By the way, I agree with you that this is due to greed
11  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme on: December 31, 2019, 11:18:13 AM
I think bitcoin will never replace fiat money. although bitcoin has been proven to provide great benefits but it will not make the government legalize and support bitcoin. because bitcoin is decentralized and the government doesn't like something that can't be controlled. and in my opinion if in the future the government wants to replace fiat money with crypto then surely they will make their own crypto which they can control.

Bitcoin cannot be controlled, this is the main reason that no government will accept it instead of fiat money
12  Bitcoin / Bitcoin Discussion / Re: Craig Wright: "BTC is not Bitcoin" on: December 19, 2019, 12:45:18 PM
Craig Wright: "BTC is not Bitcoin"  Roll Eyes Roll Eyes Roll Eyes

The snake oil salesman is at it again. Pretending to be Satoshi again and saying everyone should not be running nodes and Bitcoin was not meant to

be anonymous.  Cheesy  Feel free to share your likes and dislikes on the video and please comments on this rubbish to expose the truth. I do not want

to give him more exposure, but I also do not want his rubbish going uncontested. (It is obvious that he is choosing interviewers who are clueless and

who would not challenge him on the bullshit he is spreading.)  Angry

Is this scammer still appearing in public? It seems to me with his negative karma you need to be silent and hide somewhere at the bottom. He dishonors the Bitcoin community
13  Bitcoin / Bitcoin Discussion / Re: You selling to buy Xmas gifts or using bitcoins to buy Xmas gifts? on: December 19, 2019, 12:37:36 PM
I also have the same idea before but as time goes by investors are don't really want to spend their crypto for something they rather hold it than to use it.
So I think that only a small percent of investor or crypto holders are cashing out for the holiday season there might be another reason why the price is falling.
but for bitcoin to grow we must not totally hold as circulation is a must.and also the price today is bullying ,i hope this will continue for at least a week so we can have a good year end,but i dont consider now using crypto for buying gifts rather use Fiat this year like what i did in 2018.

It all depends on how much money has a person on its crypto account. Perhaps if there are a lot of them, then a person can easily cash out the necessary amount. Although it looks stupid, right now is the best time to buy Bitcoin and not for sale
14  Bitcoin / Bitcoin Discussion / Re: Nvidia Battles Shareholders in Lawsuit Over Crypto Miner Claims on: December 11, 2019, 06:44:33 PM
Chip making giant Nvidia has been making its case for why a court should throw out a lawsuit alleging it misled investors over cryptocurrency mining demand for its graphics cards.

I would recommend just getting a dedicated ASIC miner from Bitmain if you want to try out mining at home.

I don’t think it pays off. I think this test will be very expensive for its tester, unfortunately 2020 is already coming and in my opinion home mining is not effective
15  Economy / Exchanges / Re: Why Crypto Exchanges Should Lower Their Fees and Profit Margins on: December 11, 2019, 06:40:06 PM
The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry.

I do not think that something can be expected from other exchanges after one exchange has reduced a fee. This is absolutely unprofitable because this is the main earnings of the exchanges is a fee, a decrease of a fee to zero will greatly reduce income

If they does not reduce the fees for teh traders obviously the people who give the lesser fee than them will be capture the trading volume on their platform.
We just need focus on the good exchange also at the same time because the users are looking for good exchange first and then they want to have the fee also as a matter of it.

The reputation of the exchange, reliability, honesty are more important to me even if the fee is high. It will pay off because otherwise, an exchange with a low fee may turn out to be a scam or have weak protection and I will lose everything
16  Bitcoin / Bitcoin Discussion / Re: Who needs Satoshi Nakamoto principles? on: December 11, 2019, 06:35:27 PM
"Proof-of-work is essentially one-CPU-one-vote."
Satoshi nakamoto

As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.


Does the modern cryptocurrency community need this principle of Satoshi Nakamoto?

Maybe it's time to abandon it and admit that ONLY money should always release new money?


Bitcoin mining will use itself up after a while because Bitcoin has a mining limit. Bitcoin is the top coin because of self-confidence, but not because of all of Satoshi's principles, his system isn't perfect. If you want something better use altcoins
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin addresses hits an all time high! on: December 08, 2019, 05:40:52 PM
This does not testify to the incredible adoption of Bitcoin, however, such statistics say that the network is gradually growing. Addresses do not have to be owned by individual users that is why i doubt.
18  Bitcoin / Bitcoin Discussion / Re: Sale my old bike and buy bitcoin, what do you think? on: December 08, 2019, 05:33:05 PM

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

Why not? This is much better than you spent the money on some kind of meaningless thing or pastime. Bitcoin is a very promising asset and thanks to this you can get more
19  Economy / Exchanges / Re: Coinbase Holds a Whopping 966,230 Bitcoin ($7B) in Cold Wallet on: December 03, 2019, 11:02:06 AM
From the analysis of Kprawn on Coinbase cold wallet and its mutisignature, it will be impossible for just one nothing CEO who is felling good to just run away with the private key, since this requires a consensus. I really don't know why people will leave fund in an exchange with sole private key holder. This is dangerous and any stupid CEO with such power can pull the trigger when he feels good.

It's equally very important to have much of our fund on non-custodian wallet so we can be in-charge of our wallets.

People are stupid. They've been told over and over about the dangers of trusting a third party with their coins. They have the example of Mt gox, mintpal, upbit and numerous other hacks and losses.

And still they keep their coins online because they're too lazy to set up their own wallets. (Though I concede that the size of the blockchain is now a problem if you haven't got a lot of memory in your computer).

I think that people who are serious about Bitcoin storing can afford a decent computer to install a truly secure wallet.
20  Bitcoin / Bitcoin Discussion / Re: Why would one pay $7K for Bitcoin if he/she can get the same thing for $0.001? on: November 27, 2019, 07:50:36 AM
Imagine a guy that pays a million dollars for a bread roll, while in the same time he can buy it for $1 at other bakeries. Such scenario would be crazy because no one would give million times more money for the same thing. That is why the above scenario is not possible in reality. But... in the crypto world, it is possible.

In the crypto world people are paying million times more for bitcoin than for altcoins, even though these coins essentially have the same features as bitcoin. Functions and features of cryptos are pretty straightforward. Elimination of expensive brokers, lawyers, and other typical “middlemen”. Low transaction costs. Transactions are transparent, quick, permanent, and hard to fake. Cryptos that are priced below $0.001 have all these functions and features. But despite that people are paying thousands of dollars for bitcon.

Of course that being the first in the industry and having reputation means something. For example, if a bakery has good brand reputation, consumers trust it, and feel good about purchasing its bread rolls, they might pay $2, $3, or even $10 dollars for these rolls if competitors sell them at $1. But no one would pay $1,000,000, since they are just flour, water, and yeast mixed together. The same is with cryptos. They are just numbers associated to address that are transferred through the network via some protocol. In that sense, bitcoin is equal to thousands of other cryptos, and  there is no rational reason for it to cost millions times more than them. To put it differently, bitcoin is a mega-bubble, even at $10, and it is only a matter of time before it bursts.

Bitcoin has existed for 10 years and during this time, the Bitcoin ecosystem did not commit fraud, did not expose its users to risks. It is created disinterestedly, for people. Understand this, that's why people overpay
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