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581  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether Seems like Sound money on: April 19, 2024, 03:37:49 PM
We will have more of these stablecoins, it's reported that Ripple will also be launching their own stable coin so I don't know if that's the way for them to pump their own XRP coin as for sure there will be more buyouts of it to move the price just as what Tether did to BTC before.
Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle

Of course. Ripple will bring its own stablecoin to try to compete against Tether/USDT. But it won't succeed, especially when the latter has first-mover advantage. Tether will remain the "King of Stablecoins" until it goes all the way down the drain in an instant. We can't say it's "sound money" when it's backed by a private company. Without investor protections or guarantees of any kind, you're on your own.

At least, we have plenty of alternatives to choose from. As long as you refrain yourself from putting all of your life savings into stablecoins, there should be nothing to worry about. Who knows how regulations will shape the stablecoins industry in the future? Grin
582  Economy / Speculation / Re: BitcoinETF approval will possibly cause much bigger jump than most people expect on: April 19, 2024, 03:13:51 PM
Rumor is Hong Kong ETF could be approved tomorrow.
Market impact is dubious, as ETF market is tiny there when compared to the US.
Maybe the avid Bitcoin buyers from mainland China, will flock this new government friendly alternative and it will be a blowout.
Who knows?

Yes. Spot ETF approvals are starting to reach the world. It won't be long before most countries go all in Bitcoin. This will create a supply shock, effectively rising market prices over the long term. A win-win for both retail and institutional investors.

I hope these moves don't compromise Bitcoin's decentralization in the long run. I understand network consensus is completely independent from economic holders, but concentration of supply among a few brings inequality into the system. Imagine what influence corporate giants will have over BTC miners with their large holdings. I'm just speculating here. We can't predict the future, so lets hope for the best. Smiley
583  Alternate cryptocurrencies / Altcoin Discussion / Re: Any other coins like Primecoin? on: April 19, 2024, 02:20:37 PM
I think there’s really not much coins that are mathematically innovative that are considered part of the mainstream coins or those with lots of support and value. There is one though MATH.

It also involves prime factorization among other mathematical computations. Its price is 0.5 usd so it’s not as bad as I would say. There are a lot more out there that aren’ just explored or probably have been long dead already

Of course not. Nowadays, there are many "shitcoins" that are straight clones from the other. Particularly "meme" coins. Developers shifted their focus from quality into quantity. I'd say Primecoin is a kind-of-a-kind PoW cryptocurrency that made its mark in the crypto industry. The code is open source, so what's stopping someone from improving it or making a new project from scratch?

It's a pity that a good project like Primecoin was left behind in the dust. Peercoin was made by the same creator but it's still actively maintained by the community. I guess there's not much interest in PoW coins these days. Hopeefully, there are other alternatives meant to keep the idea of prime number mining alive. Who knows what surprises we'll find in the future? Cheesy
584  Economy / Gambling discussion / Re: Investing in a casino's bankroll...Still worth it in 2024? on: April 19, 2024, 02:17:23 PM
Investing a an online casino's bankroll is risk and the answer to whether it is still worth investing in their bankroll depends on how much risk you can carry.

I do not actively invest. You will find this very old thread but interesting one of the users recorded their monthly returns for a year after investing 5 bitcoins in 5 gambling sites namely BetKing, MoneyPots, SafeDice, Crypto-Games, Satoshi Dice. After some months, they added Bitvest, KingDice.

One DarkStar_ also invested in bustadice and bustabit.

I know its old but you should check them out
thread 1 - https://bitcointalk.org/index.php?topic=1585408.msg46096925#msg46096925
thread 2 - https://bitcointalk.org/index.php?topic=1585408.msg15919142#msg15919142

Yes. Investors did make a lot back then when crypto gambling sites allowed bankroll investments. The one under my sig was the most profitable. Unfortunately, it no longer provides us the option to invest in its bankroll. I believe the main reason why most gambling sites stopped doing this was because of strict government regulations. They're afraid to get "flagged" by the government once they allow bankroll investments without KYC.

I dunno. I guess we'd have to find other options to grow our BTC. I've read Freebitco.in is giving around 4% APR for Bitcoin deposits. It's not a gambling site, though. Sad


I miss the days when Crypto Games ran its own investment scheme, I managed to strike up 50% returns in a year over there. It was soon shut down while the site continues to grow and operate on a large scale.

We recently had a thread discussing the similar topic, it seems sites are less inclined to accept public investments anymore since crypto has gradually become mainstream and owners no longer find it difficult to raise money for bankrolls.

Check out mindrust's topic here for detailed analysis of some investment schemes currently running -
   
[GUIDE] Best Crypto Investment Opportunities for Passive Income -2024


Me too. I often saw the opportunity to invest directly into Crypto Games' bankroll, but was hesistant to do so out of fear from getting scammed. I was just getting started in the world of crypto and didn't know much back then. As a result of getting ripped off from cloud mining programs, I was skeptical about investing in a crypto casino's bankroll. Totally regret not doing the right thing in the first place.

Nowadays, it's hard find a gambling site which allows us to invest into its bankroll. I feel obliged to look for other options.
585  Economy / Economics / Re: Will the world soon become tired of the US dollar? on: April 18, 2024, 05:56:59 PM
USD will still be used. i don't think anyone can remove it as a major currency especially now that we have USDT and the rest of the stablecoins. El Salvador still uses USD along with BTC, if they start using Yuan, i bet the US officials will fly there for regime change.

eventually, everyone in the future will be using stablecoins and maybe the Euro, Rial, Ruble, Yuan, and Peso and all the rest of the currencies will have their stablecoin. but there will still be dominance for USD particularly in America.

In the timebeing. But a collapse is inevitable. Especially when nothing lasts forever. We're already witnessing the decline of America with politicians' actions. The "de-dollarization" of the world's economy is a process that will take quite some time before it materializes (slow and steady pace).

I believe rising US national debt, and the funding of wars will lead America towards its complete demise. Trillions of dollars (USD) have been wasted ever since the COVID-19 pandemic took the world by storm. Who's to say China and/or Russia will establish a "New World Order" in the future? I'd bet the new reserve currency will be one of their own. It'll be a "miracle" if BTC becomes the world's next reserve currency. We can't predict the future, so lets hope for the best. Wink
586  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana blockchain on: April 18, 2024, 05:52:01 PM
Well Solana has now handled more then $7 Million in nft sales just in the last 24 hours. This was more then Bitcoin that had $6.9 Million in last 24 hours.
I am still very 'bullish' on this coin. I think it is a good alt to have in our crypto portfolio, I think it is going to moon again more then $200 in next 'bull run'.
https://ambcrypto.com/solana-surpasses-bitcoin-on-this-front-good-news-for-sol-investors/

I would've wished the Solana dev team focused on reliability more than anything else. The network often experiences congestion, and at times, outages. What's "pumping" SOL's market price is none other than the "meme" coins craze. That, and also the recent sale of the Saga smartphone. The upcoming Firedancer node software release promises to fix network outages once and for all, though.

We'll see whenever Solana will be able to truly live up to its name or not. So far, nothing can beat the "King of Altcoins" (which is ETH). Even though Ethereum is slow and expensive at times, you can always switch to a L2 network (Arbitrum, Polygon, Base, Optimism) for complete peace of mind. No outages or network disruptions of any kind. Even BTC has been running without issues since day one. Who knows what will be the future of Solana? Cheesy
587  Economy / Economics / Re: The collapse of central banks...Inevitable? on: April 18, 2024, 05:46:31 PM
Javier Milei never suggested that the central banks should be abolished. He suggested that the central bank of Argentina should be closed down and Argentina should accept the US dollar as a national currency, which means that the United States Federal Reserve would become something like a new central bank for Argentina.
I don't see any people losing faith in the traditional financial system. The people keep using cash, credit and debit cards. Almost nobody switched completely to crypto.
The global economy isn't deteriorating. The global GDP is growing. The fact that some countries are having a hard time doesn't mean that the global economy is deteriorating.

Abolishing and "shutting down" aren't the same thing? Without central banks, the economy can't be manipulated by corrupt politicians. Separating money from the State is the first step towards "fixing the world". We the people, have given too much power to the government and central banks. So they will continue to do as they please, even if the economy continues to sink all the way down the drain. You can see why governments in the past (particularly the US government) have bailed out banks in times of financial crisis.

Bitcoin was created as a response against banks' and governments' mishandling of the economy. No central authority means greater fairness and financial inclusion. I know BTC has failed to replace banks so far, but that does't mean it's the "end of the world". If by any chance central banks collapse, you can bet the world will abandon the Fiat Standard and move all the way to the Bitcoin Standard. Prices of goods and/or services will be denominated in BTC instead of Fiat. Wouldn't it be great to live in a society where people have control over their own money? Not governments or corrupt banks. Nothing is set in stone, so anything's possible. Smiley
588  Economy / Exchanges / Re: Selling BTC for foreign currencies on: April 18, 2024, 05:43:38 PM
I don't see how it would be illegal. And it's probably possible as well, although I haven't tried it yet except with USD, which is foreign yet widely available. So it would also highly depend on the foreign currency you wish to convert your Bitcoin into. If you're in the US and ask for Thailand baht or Myanmar kyat or Mongolian Tugrik for your Bitcoin, that would be pretty difficult, but still possible as you may link yourself with their local communities in your country and transact face to face.

However, these are all unnecessary hassles.

I think P2P or F2F is better. Especially if I want to avoid KYC and whatnot. I live in a Western country, so crypto laws are much more flexible than places like China or Russia. I don't think it would be illegal to exchange BTC to a foreign currency in my home country. Laws are constanly changing, so who knows what would be of foreign crypto exchanges in the future?

I've wondered if people sell their foreign currencies for BTC, wouldn't that classify them as a "money transmitter"? Doing such a thing without a money transmitter license could be considered illegal. I dunno. Perhaps, it's best to sell BTC into your local currency, then exchange your local currency at a bank for a foreign currency. The only problem is the fees. But at least, you'll get the job done in a legitimate manner. Grin
589  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining ORE tokens...Worth it? on: April 18, 2024, 05:39:51 PM
I used mine electroneum on my phone.i collected some but it didnt work out my all coins were useless.app stopped working.end with nothing.after that i never look pow coins related with phone.

It could be nothing more than a scam. But at least, the idea is there. I've read about a PoW algorithm which promised to make mining more efficient on low-powered devices. I believe it was the Cuckoo Cycle algorithm used by aeternity. Haven't heard about the project ever since "meme" coins and NFTs took the crypto world by storm. Magi (XMG), Pi.Network, and ORE are the only ones good enough to mine on a phone. The first one got abandoned by the original dev, but it's starting to gain traction as the community takes over the project.

I'm yet to see if the new ORE token is worth mining on a phone. Been sluggish enough to give it a try. Wanted to know someone's else's experience before going all in. Who's to say you can't have fun mining on the go? Cheesy
590  Economy / Gambling discussion / Investing in a casino's bankroll...Still worth it in 2024? on: April 18, 2024, 11:47:20 AM
I remember the days when online crypto gambling sites offered us the option to invest directly into their bankroll (like the one in my sig). Nowadays, it's hard to find one that does. The only I've found is Bitvest. But activity on the site is quite low compared to its rivals.

I was wondering if it's still worth investing in an online casino's bankroll? If it is, could you share where can I invest my BTC? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley
591  Economy / Exchanges / Selling BTC for foreign currencies on: April 17, 2024, 07:08:48 PM
If I want to travel to another country and want to have foreign currency beforehand, where can I sell my BTC? I'm talking about selling BTC to a foreign currency before leaving my home country. Is this possible? And of course, is it legal? Just curious to know.

Any suggestions and/or recommendations would be greatly appreciated. Thank you. Smiley
592  Alternate cryptocurrencies / Altcoin Discussion / Any other coins like Primecoin? on: April 17, 2024, 06:22:35 PM
I remember the days when mining XPM was still a thing. The cryptocurrency had an innovative approach to PoW by using prime numbers instead of traditional hashing algorithms. As of now, the Primecoin project is inactive with little support from mainstream crypto exchanges.

I was wondering if there are other XPM alternatives that are based on prime numbers? These days the industry is focused on speculative "meme" coins, and worthless NFTs, so it's hard to find projects that are truly-innovative. Especially on the PoW side, when the market is largely-composed by PoS coins.

If you know of any other coins like Primecoin, please let me know. Your input would be greatly appreciated. Thanks in advance. Smiley
593  Alternate cryptocurrencies / Mining (Altcoins) / Mining ORE tokens...Worth it? on: April 17, 2024, 06:14:32 PM
I've read about this new token where you can mine it on your phone. It's just like Electroneum and Pi.Network. Only this one lives in the Solana blockchain. PoW-based tokens are not new, as we already had 0xBitcoin on the Ethereum blockchain.

Is it worth mining ORE on your phone? I'd like to know your experience with it. Your input would be greatly appreciated. Thanks. Smiley
594  Economy / Economics / The collapse of central banks...Inevitable? on: April 17, 2024, 06:10:11 PM
With central banks struggling to keep inflation under control, people are beginning to lose trust in the traditional financial system. Some politicians (eg: Javier Milei) even suggested to abolish central banks as they're the main cause of the world's economic problems.

If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?

What's your opinion? Your input would be greatly appreciated. Thanks. Smiley
595  Alternate cryptocurrencies / Altcoin Discussion / Re: "Meme" coins are ruining everything on: April 17, 2024, 05:55:01 PM
Sorry for your loss. I’d say it was your luck. Probably at the same moment you lost that money, someone else got rich from a meme coin. If I had $1k to invest in meme coins, I think it’d be smarter to spread it across various meme coins (instead of in just one), proportioning the money based on how much trust you have for the meme coins.

The risk of loss will always be there. Even if you diversify your investment across multiple "meme" coins. You're much safer investing in BTC and ETH alone than "meme" coins. If you're looking to make short-term returns, "meme" coins are for you. Otherwise, I'd suggest you look elsewhere.

Among the popular "meme" coins on the market, I think only Dogecoin will survive for generations. Shiba Inu comes close to it in terms of community support. The Shibarium L2 network is one of the latest innovations from the Shiba Inu project. Other "meme" coin projects are lacking behind in this regard. For what I know, the crypto market is unpredictable. Hence, it's advised to proceed with caution to avoid losing everything in an instant. Cheesy
596  Economy / Economics / Re: Will the world soon become tired of the US dollar? on: April 17, 2024, 05:50:03 PM
Election promises rarely translate into reality, has he done it so far?
San Salvador uses Bitcoin alongside with their local currency plus the $ I think.

Exactly. Politicians usually lie to get the attention of voters. Argentina's President Javier Milei hasn't been able to keep up with his promise of abolishing the central bank and declare BTC as legal tender. Not even the dollarization of the Argentine economy (through the USD) has been accomplished. El Salvador might've been the first country to adopt BTC as legal tender, but it still uses the USD for day-to-day payments. I guess it's too early for countries to completely abandon the USD.

Rest assured that the time will come when the USD loses traction as the reserve currency of the world. Rising US national debt, and constant money printing (inflation) should lead us there faster than we've previously imagined. The real question would be: Which currency will replace the USD in the future? Smiley
597  Economy / Speculation / Re: Is the halving already priced in? on: April 17, 2024, 05:47:55 PM
Few days before halving arrives yet ?

https://coinmarketcap.com/currencies/bitcoin/


I thought Yesterday is recovery but nope, it falls back to 62k and there is a big chances that
the price will fall below 60k, is this possible to happen as the halving mostly brings bad falls for the whole market.

In the short term? Yes. But in the long term, BTC should be able to reach a new ATH. The current dip could be attributed to rising tensions in the Middle East. Market prices will dip, but they're expected to "pump" in the long run as the world heads into uncertainty. I think the ETFs are just the tip of the iceberg. Who knows? The crypto market behaves in many strange and bizarre ways. So we should expect the unexpected.

If history repeats itself, Bitcoin could eventually surpass Gold in terms of market cap. Buying and holding BTC now is the best decision to make. With Fiat currencies losing ground, I'm certain things will get better for Bitcoin and the whole crypto industry. The question is: Are you ready for the huge pump? Cheesy
598  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: April 17, 2024, 05:45:46 PM
With this kind of action for how many years now? is this what we can call a currency that has a better future?

https://coinmarketcap.com/currencies/xrp/

have seen this growing in the past , but with all the issues have this team facing? i don't know if this is still worth a trust for long term , because why should I choose this over better functioning project now?

no i will not let my funds stock and be at risk this long.

The problem with XRP is that it's too centralized. Maybe if it was decentralized, it would've been a huge success by now. The current state of the XRP Ledger, allows the US government to enforce regulatory action at will. Ripple, Inc. is going to have a hard time battling against "Uncle Sam", unless it decides to step down from the XRP project. By leaving it in the hands of the community, the cryptocurrency can reach new heights. Otherwise, expect market prices to stagnate for as long as it lives. Not even a bull market will save it.

You can see how the recent BTC "pump" had little to no effect over XRP's price. The coin is struggling to reach $1. It reached a little more than $3 a few years ago, but hasn't gone back ever since. There are far better options on the market. Instead of XRP, why not choose a decentralized alternative like XLM? Grin
599  Economy / Economics / Re: Russia can evade sanction through cryptocurrencies on: April 17, 2024, 05:42:05 PM
The uniqueness of today's Russia lies in the fact that there are written laws for citizens, but unwritten ones for the elite and Putin's entourage. Colossal amounts of money are now being spent on the war in Ukraine, and Putin, in order to remain in power, only has to increase spending on it. Therefore, they are forced to put pressure on businesses and ordinary citizens, and to prevent capital from leaving the country, to prohibit the full use of cryptocurrency.

At the same time, with the approval of Putin, cryptocurrency is clearly used there, including to circumvent sanctions and carry out various financial transactions, where this is, of course, possible. This forum has already discussed Russia's crypto-currency assistance to Hamas before their attack on Israel in October last year. Undoubtedly, there are many such examples.

Exactly. Who's to say government officials are using crypto to circumvent sanctions? I'd bet Putin and Russian oligarchs are already doing this. Of course, citizens will be prohibited from doing such a thing. It's what usually happens in authoritarian countries. I think China is in the same boat.

There's nothing the West can do to stop this, especially when crypto/Blockchain tech is decentralized. They'd need to shut down the whole Internet to make it happen. But you and I know that's impossible. Maybe crypto will become the main source of funding for Putin's "war machine" in the long run? Cheesy
600  Economy / Speculation / Re: Is the halving already priced in? on: April 16, 2024, 11:40:49 AM
The only thing that continues to worry me in this entire "cycle" is the worsening situation with the global economy. With the way they're printing money while increasing the interest rates they are going against all their own strategies since this causes both inflation and recession at the same time.

That means people will liquidate more of their assets (that includes selling bitcoin) to make ends meet as prices soar and also they'll have less money to invest. In other words inflation + recession means more sell pressure + less demand.

Last but not least the Dedollarisation hasn't been done enough to decouple other countries' economies from the dollar and the US economy that has been a Ponzi scheme for decades is heading for the iceberg like Titanic...

Inflation means higher market prices for finite supply assets like BTC and Gold, right? With the global economy struggling to get back on its feet, we should expect BTC to reach a new ATH after the halving. Demand might've increased lately because of the spot ETFs approval in the US. But that's just the tip of the iceberg. The crypto market is unpredictable, so anything can happen.

Either market prices go up or all the way down the drain immediately after the halving. We won't know for sure until the event happens. One thing is certain and that is Fiat's days are numbered. Buying and "hodling" Bitcoin instead of saving money at a bank is the best decision you'll ever make. Who knows if BTC goes as far as replacing traditional currencies (Fiat) in the future? Smiley
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