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2601  Economy / Economics / Re: Why you can't be rich by owning crypto on: April 07, 2021, 07:54:45 AM
The thing is, in every people profitting the money must be coming from somewhere else and this distribution of wealth could result in another rich person but also another poor person. It won't affect the productivity at all since the coin is limited while the money to pump the price must be coming from somewhere else and you don't account that being rich doesn't necessarily means you're stop being productive. You see so many billionaire out there that instead of taking vacation for their whole life, they expand their business instead with the money they got.
2602  Alternate cryptocurrencies / Altcoin Discussion / Re: TokoCrypto Launchpad What's about? on: April 07, 2021, 05:29:36 AM
If you really want the news regarding this project you should just head to their telegram group https://t.me/TokocryptoOfficial instead since their moderator is a lot more knowledgeable about the project than us here probably. however,in a nutshell tokocrypto is basically a local indonesian crypto exchange that's under binance and currently having an IEO in binance launchpad.
2603  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH and BSC on: April 07, 2021, 02:31:01 AM
ethereum fees going down in the near future? I am not sure about that, indeed BSC is Ethereum's biggest competitor at this time and BSC has also produced many extraordinary projects and if ethereum's fees in the future go down maybe new projects will prefer ethereum over BSC
Most of the new projects that gonna emerge definitely gonna prefer decentralized smart contract platform over the centralized ones unless they don't care about the nature of the blockchain they choose itself and prefer partnership with all this popular exchange if any.
Peolpe switching over to BSC just because the fee and that problem exist only temporarily. Only matters of time they switch back, not to mention the rugpulls that keep happening in BSC. But the existence of those pegged coins in BSC also good on its own way.
2604  Bitcoin / Bitcoin Discussion / Re: I tried to tell him just HODL bitcoin, don't make this hard. on: April 06, 2021, 10:12:58 AM
People shouldn't invest if they can't control their feelings, and they shouldn't invest in coins that haven't been thoroughly researched.

One of the basics of trading is studying the coins because you're spending money on a coin because you know it is promising and a lot of future ventures, not because of the hype. If you believe it will turn bullish soon, hodl and wait rather than panic selling because you will lose a lot of money.

2021 has a good result for cryptocurrency, just be patient and wait for the huge outcome. I researched first before trying to enter the market especially right now where altcoins are giving x10 or x100 profits.  Grin
I mean, using feeling when trading is okay but the problem is some people just rely entirely on feeling without any analyzation thus the bad decision.


I can never understand why people want on the short side against an asset that has proven to go up at average of 300% per year for the past 12 years when flattened out the volatility. That's such a bad risk/reward.
I think it's more of people believing that bitcoin has reached its peak somewhat and think it's gonna be a lot slower in term of growth and the volatiltiy just isn't there although it's true that from the past decade the bagholder has proven to be the winner but it's just human nature to have doubt that the very same thing could happen twice.
2605  Bitcoin / Bitcoin Discussion / Re: Can Your Bitcoin Wallet Be Hacked? How Can You Secure It? on: April 06, 2021, 08:38:52 AM
Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.
If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.
2606  Bitcoin / Bitcoin Discussion / Re: Tesla now accepts Bitcoin on: April 06, 2021, 07:38:43 AM
I still recommend Bitcoin to all my friends, customers and family. In my opinion, some of the risks holding bitcoin on a long term perspective has decreased in the past few months. All around the world, financial institutions are going for blockchain technology and accepting Bitcoin as a trustworthy payment method for their products. Guessing PayPal could also adapt this strategy and start to offer wallets to merchants.

I also recommend btc for holding. Big company starting to invest in btc. I think, They not publish their investing news to publicly everytime. Lot of companies starting to invest in btc, People inspired to invest in btc from them. It’s will be a major reason of btc pump.
Could possibly, they're not gonna be happy if public could see how they diversify their investment and to invest in crypto that is considered as high risk by some could make controversy within the company itself not to mention the public.
It's certainly good for holding aswell seeing its growth from the chart, people keep focusing on the pump and dump that happens quite short term but forget how bitcoin has performed over a decade.
2607  Economy / Economics / Re: bitcoin wasn’t created to make you rich. It was created to make you free on: April 06, 2021, 05:35:50 AM
Bitcoin was created as an asset towards financial freedom. To enable people around the globe to have total custody of their money without the involvement of government organizations.
Bitcoin has been a safe paradise in this present digital era
Though it has now don't really guarantee your freedom of government intervention or any centralized company out there due to KYC and AML but it was indeed intended for that and whoever thinks bitcoin could create job out of thin air need to read the history of bitcoin and how it emerge. I mean, yeah it could probably open up new kind of job but it doesn't intended to make anyone rich either from job or holding it.
2608  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ethereum GAS fee so high? on: April 06, 2021, 03:00:07 AM
try using wrapped eth that is in binance smart chain maybe? you're not gonna spending a ton just for fee but if it's erc20 then the only thing you can do is wait and yes, there's rumour going around that in july the fee problem gonna be resolved but keep in mind it could be anytime.
one thing you should try is to monitor the fee and find the time where it's the lowest then you can try making transaction.
2609  Bitcoin / Bitcoin Discussion / Re: Who's gonna buy Tesla using Bitcoin? on: April 05, 2021, 09:48:07 AM
People already know value of bitcoin due its rapid increase. I don't think people use btc to buy a car. it's better to use fiat currency than bitcoin. 
same thing really to pay whether using bitcoin or fiat but it's true that people would think twice when buying car with bitcoin unless they got some bitcoin left as an investment they not gonna buy tesla using bitcoin which they was used for investment.
I personally not gonna buy anything like tesla until I got rich and the cost of buying tesla feels like buying peanut to me, the price of car usually go down in no time anyway.
2610  Bitcoin / Bitcoin Discussion / Re: donate with Bitcoin on: April 05, 2021, 09:08:22 AM
The donation probably gonna be spread out across the continent and most of the government not gonna give a damn therefore having a really small chance of influencing political decision of that specific country not to mention after the donation received they gonna immediately convert it to paper money, it's not like they gonna hand out the donation in form of bitcoin anyway but it's gonna help many people for sure.
2611  Economy / Trading Discussion / Re: I'm wondering who trades with paid signals? on: April 05, 2021, 08:00:32 AM
I am not familiar with paid signal. I think,  To be a master minder trader is the dreem of everyone. I was follow some free signal in my beginning. But the true is, I can't make actual profit from that. I don't know much about paid signal. From my opinion, Market analyzing and research is everything in trading.
Most of free signal are just plain bs, even I knew this one trading signal group that was supposed to give away signal turns out it was later bought by some scammer and being used to scam the group member and honestly unless I know the owner of trading signal in real life I won't trust the signal even if it's paid. so many cases out there about the so called veteran trader offering signal but flop so hard.
2612  Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymous a red flag? on: April 05, 2021, 06:12:30 AM
But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.

If that's the case I'd see whether their partnership is truly legit or not then if turns out they are legit it could somewhat add weigh to their reputation and see the technical aspect of their project. Sometime, project partnership sometimes worth more the developers identity if those are big investors, company, etc but I'd still be alerted, you know thing can go south real quick when it comes to anonymous team.
2613  Alternate cryptocurrencies / Altcoin Discussion / Re: Will stablecoins replace Fiat currencies in the future? on: April 05, 2021, 02:51:33 AM
Despite the existence of Internet, it does not totally replace the Newspaper and U believe that will also be same for Bitcoin and the bank
But the selling of news paper also has significantly decreased even SMS are now being replaced by messaging app, however stablecoin replacing fiat sounds impossible but actually it could happen if each government creates their own version of stablecoin instead of digitalizing their currency using centralized system and bank transfer could easily be replaced by stablecoin if the government approves. it's just matter of the government decision actually.
2614  Alternate cryptocurrencies / Altcoin Discussion / Re: Will stablecoins replace Fiat currencies in the future? on: April 03, 2021, 09:23:59 AM
CBDC that's released by central bank and approved by the governments maybe, but a stablecoin that's run by a private company I very doubt so, the government if feel threatened could easily ban the stablecoin and it's already unusable in that specific country. It's just overall very hard for a stablecoin to "simply" replace fiat due to regulatory problem but if it's to be used internationally as an alternative, maybe.
2615  Alternate cryptocurrencies / Altcoin Discussion / Re: Dump just after a new listing? on: April 03, 2021, 07:36:30 AM
This is not about bounty hunter and most often, less than 3% of total supply is allotted for airdrop and bounty. If there is a huge dump, it s coming form nowhere than the team or most likely if they have Angel investor and have presale, they might want to catch out in profit.
Usually the biggest factor of dumping is the price of presale that's usually too low everytime it just got up a little bit some investors gonna dump it while at the same time the project has no promising future whatsoever.
It's basically like you've already invested into some project a quite of the sum but you're kinda dissapointed in the projects and decide to dump it altogether since you get it cheap anyway. when it comes to bounty and such, the dump usually only temporarily.
2616  Economy / Economics / Re: More bullish news: Paypal will alllow crypto checkout on: April 03, 2021, 05:32:11 AM
It took them a couple of months to finally realize that people needed a checkout feature, but they finally did it. I believe this will be one of the other moves they will make to make Paypal the premiere cryptocurrency exchange/wallet of the masses, which is good since competition will only facilitate further improvement, which is good for us customers because this means more things for us to enjoy.
I honestly think that there has been a decrease of users that uses their service to buy goods online and they trying to look into it, turns out people are already switching over to cryptocurrency as I've seen so many shops are now accepting crypto and even offer additional discount which i don't even know why and as you can see "if you can't beat them join them" is what exactly paypal doing at this point which is perfectly fine as it's gonna increase crypto adoption in general.
2617  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: ADA Scam sites are unstopable? on: April 03, 2021, 04:18:20 AM
Such scam, not only limited to cardano but other coins aswell, it's just so rampant because people easily fell for it and they make big money just doing scam like that and the sad thing is, no matter how much effort you put to report these kind of scam, they just gonna multiply and appear even more frequently and not to mention that we're in a decentralized space where transaction is irreversable. You just can't expect people to stop it whether the devs or not.
2618  Economy / Economics / Re: bitcoin wasn’t created to make you rich. It was created to make you free on: April 02, 2021, 09:31:20 AM
Why not both? bitcoin could make you rich if you're holding for long while at the same time giving you freedom to send money across the world without any limit.
Although many people are considering it as an investment but doesn't necessarily means bitcoin has lost its benefit of giving you freedom and to be honest if not for its ease of use and freedom it offers, I doubt cryptocurrency especially bitcoin could make it this far, you got best of both worlds, can't really complain about it.
2619  Alternate cryptocurrencies / Altcoin Discussion / Re: No year of altcoins coming. All the big money is pouring into bitcoin. on: April 02, 2021, 08:36:58 AM
With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.
I dont think that it is true cause upon observing the pattern of every bull runs, it is always true that after the bitcoin domination, altcoin season will follows.
I always wonder what parameter to determine whether the current time is the year of altcoin or the altcoin season because I honestly think the meaning is truly relative to everyone, as you know the altcoins are already following bitcoin bullrun ever since and have gone up thousand if not hunder percent from its price in the previous year and many people still saying that the alt season hasn't come yet.
If what people means by altcoin is where there's no single altcoin that are dumping then that's a little bit too dreamy.
2620  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance CEO becoming main in decentralization on: April 02, 2021, 07:08:46 AM
It seems most of people don't give a damn with the fact that BSC is centralized because they are already happy enough with the low fee offered by BSC although it's centralized and could be manipulated by the people who have authority over the nodes although there's better alternative out there but people just pick the easiest one to use and I do agree that CZ at this point has too much influence in crypto space more specifically in the platform created by him but the thing is, people are given freedom to choose and most of the people choose to stick with the centralized ones.
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