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1641  Bitcoin / Bitcoin Discussion / Re: Banking system and BTC on: September 16, 2019, 05:06:17 AM
The banking system is also evolving with new ideas to satisfy their customers. Rather than Bitcoin rendering banking system useless, it would be incorporated into their payment oftion as well as blockchain technology, thus the banking will always be in operation.
I agree with you that the technology is actually meant to strengthen the existing operation of bitcoin if only they can apply it in the right way but the problem is that even the banks are blind to see this, and the only thing they are focusing on is the threat that they feel the development of cryptocurrency has brought to them and they are not looking at the blockchain as a whole and how they can use it to build a system that will have a string wall against threat and at the same time make their services to their users more effective.

Some banks have already seen it though and they are working on it already to make sure that the application of the technology is well utilized. Overtime, we will start seeing the effect of the application of the chain system on those that has adopted it.
1642  Bitcoin / Bitcoin Discussion / Re: Massive $1 Billion Bitcoin Whale Transaction Makes Waves on: September 15, 2019, 07:51:34 PM
We all are inherently selfish. Seeing such a large transaction take place makes people uncomfortable because they think that these coins will be sent over to an exchange to be sold.

i disagree with this part.
large moves happen a lot of times in bitcoin, maybe not $1 billion at a time but millions are being moved regularly using bitcoin and none of these transactions have ever made anybody uncomfortable.
what makes the uncomfortable is the news sites and all these scam "whale alert" sites that are spreading FUD all over the internet talking about "dumps" and "price drops" because of such moves. in other words people don't think that way, these sites make them think that way.
With millions, if it happens on a daily basis, it would not be of concern to us because we know that when there is millions of withdrawal, there will always be millions of deposit also, so there will be a balance, but for a transaction of 1 billion dollars man, it is really not easy not to get people panic because they will feel that something must have made them want to sell it, maybe there is negative policy that would have caused that, but that is actually not enough for it to create panic for us to now dump our coin at low amount.

If the movement was more than that, like maybe that transaction like 10 times, then it would have sent a signal already to us. We just need to understand that people have money in this cryptocurrency space and they would always need it at a point to use it for things outside the bitcoin. It is just like putting money in their bank and withdrawing it at the time they need it.
1643  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DOGE to BTC on: September 15, 2019, 07:29:04 PM
I have a lot of DOGE and I am thinking about changing it to BTC or should I wait. I mean does anyone have any predictions about the price. I do not want to make a mistake and sell everything and then be sorry in a few months?
I don’t even see any mistake here man, If you have so much money in  doge and the total money is still something to wrote home about, yes change it to bitcoin because I dint see altcoins doing well at all this year but I see bitcoin  having some greater increase before the end of the year, so it would be like you using one stone to kill two birds, invest in bitcoin, pull it out the profit when it is high and then buy the doge coin back if you still believe that they will still have some level of growth.

I could not say anything about Doge now because so many beautiful project that I have really vouched for in the past has been full of disappointment to me, and there is no altcoin that I really trust not to disappoint me right now until they prove otherwise.
1644  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you trust the market or the business owners? on: September 15, 2019, 06:56:07 PM
Believe it or not, whether or not you want, BTC is the right choice. because it's difficult to manipulate the price of these coins. rather than a centralized coin that is dominated by only a majority of people. as you demonstrated, namely Ripple, we can observe how its history
Most centralized coin operators are always biased on their operation and they will never really do anything in favor of the investor or the user even if they claim they are. Most of these centralized exchanges one day will eventually stab us in the back when the government come on them and it would never take the government a fight for them to have our information and no matter the anonymity we say that we are under, it will still be exposed by them and government would still be able to place a big tax for those that will be tax and still make processes of payment quite slow.

Bitcoin is still the only coin that I really trust to give us or continue to give us that one true decentralization of coins that we really need and I hope that we are all for it more.
1645  Alternate cryptocurrencies / Speculation (Altcoins) / Re: demands on Ethereum on: September 15, 2019, 05:43:27 PM
Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

i hope this news will be good for eth price, and make the price grow more than $200 again


this news will not give a lot of impact on eth price
but you don't have to be worry, a lot of good news will coming on ethereum in the near time
and i believe ethereum will grow more than $200 mate
One news is not enough to give Ethereum impact or a boost, there are many factors that needs to come together to give Ethereum a boost, and one of this is what is happening here already, it may not show great impact now, but it would still have its own percentage impact on the price of bitcoin as adoption increases through it.

Ethereum is showing sign of weakness now because the ico sector is really draining it as it is not moving like it used to move in the past, the product of Ethereum is their blockchain, and since ico started going bad, Ethereum has been losing their relevance, and other chain competitors are coming up, so if we see anything right now that could encourage the use of Ethereum, I think we should try and accept it to a length.
1646  Economy / Economics / Re: How can I start a business that offers crypto services? on: September 15, 2019, 04:50:20 PM
You should never borrow money for it. Besides, you must not invest more than you are ready to lose. Due to the volatility of digital money, you should never take a loan to buy it or sell a car/apartment for this purpose. The stories of the winners, who invested in time and are now secured until the end of their lives, are based on the multiple numbers of losers left with nothing.
I would not advise him to take loan neither too, but one thing about life is that everything is all about risk taking. If you see some people that are extremely rich today, it is because they are risk takers. I have a friend that has all his life savings as about $30,000, and when he decided to go into importation, what would cost him to start the business was amounting to $31000, he spent all the money for it and even borrowed the extra $1000, and had nothing to spend.

When the container arrived, he was able to triple the amount and that is how he started growing till he became a millionaire, and if he had not taken such risk, there is no way he would not have even spent the $30000 finish on things that will not make his future and he would still survive, so taking some risk sometimes can be worth it.
1647  Economy / Economics / Re: Trading on: September 15, 2019, 04:18:11 PM
Can i ask some advice from trading experts here, How could i trade safely and assure possible profit from my investments?
You should understand that trading is a fairly risky type of job, it will be greater if your knowledge and experience is limited.
I don't guarantee that there are formulas that can help protect your investment, but you need to read a lot of books and practice a lot to make your account safer.
The best way to trade safely is never to trade because trading is full of risk and there is no way that we can avoid trading in an unsafe manner or putting our capital in jeopardy. Any one that wants to really trade must be prepared for it and should think it would be very risky, those who are pro trader have really lost a lot in time of time, and money for them to get it right, so I didn’t know why op thinks there is anyone here with the formula that will guarantee that the investment would be safe.

The best to have some level of safety and risk minimization is that which you have said already, the right knowledge with the right training and skills will definitely give rise to a well minimized risk trading with lots of profit to encourage such trader.
1648  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price on: September 14, 2019, 02:30:07 PM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's,  quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.

Whatever we say people using bitcoin for their greed including ME . More over currency it became the stock . I am holding some of the bitcoin form long time even lots of community members and traders out here . No matter what we can say bitcoin still store of value . Hodl is meant to Stock i think.
It is because of the way that these manipulators have manipulated the market that makes it look like bitcoin is only used as an asset alone. That 2017 increase to me did more damage to the market, because the way bitcoin surge so high was kind of too outrageous that it attracted many people who only came to the market to make money through cryptocurrency alone and not to use it as p2p that it was created for.

I want to see how those manipulators will survive in future when the volatility is no longer there and the price movement will be so little like the way it happens in the Forex market, then people would have embrace the currency purpose of it and be using it to make payment on so many merchant stores then either online of offline.
1649  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 14, 2019, 01:51:05 PM
Traditional banks always feel like they are God of men because they are sitting on the money of people in the world forgetting that they are nothing without those deposited cash in their bank by people, so the people they are frustrating are the ones that made them by keeping their money with them, and I think that it is high time people take control of their money from those centralized banks.

This is the same way I think they have frustrated binance also that made binance want to separate the us account from their platform and create a system for them separately. Anything generally with us is always a headache and that is why they are losing power and their dollar value which is no longer getting much relevance from people worldwide.
1650  Bitcoin / Bitcoin Discussion / Re: [2019-09-09] Comparing Bitcoin to PayPal Makes no Sense on: September 14, 2019, 01:15:32 PM
Finally someone concluded that Bitcoin and PayPal can't be compared. To my opinion you can't compare something that is not the same kind and PayPal is just payment service and Bitcoin is cryptocurrency.  So to compare them makes no sense but for some reason people do that.
I am not sure that people have that shallow thinking to have ever thought PayPal is same as bitcoin, when there is no correlation between them at all if you compare both systems. PayPal strictly deal with fiat, and you only use it as means to move your fiat from one destination to another which is even full of so many restrictions.

If PayPal is to serve as crypto, they have to be able to spend PayPal and not deal on fiat at all again, and that is never involved in the system of PayPal. Bitcoin was totally designed to be spent as a currency, and normally it should not have anything to do with fiat, but we are still associating the value to fiat because it is new, but one can still spend bitcoin without converting it to fiat to those who would accept it as payment currency.
1651  Bitcoin / Bitcoin Discussion / Re: Are banks scared of crypto on: September 14, 2019, 11:13:10 AM
What is your thoughts on banks banning the sales of crypto do you think they are scared they will be replaced

I think also they are scared of crypto. If you check last couple of years, crypto market is rising very strongly. Crypto is one of biggest opponent for bank industry. That's why many banks try to create their own blockchain. They know sooner or later crypto will replace on bank and that's why they are trying to create their own blockchain.
I am not sure they are completely scared of cryptocurrency, because the blockchain technology ought to have been used by banks in a very long time, they will only be scared of cryptocurrency when it becomes means of legal tender, and since government is yet to pick interest in legalizing it, it is of no threat to them.

I even feel that banks are benefiting money in the cryptocurrency because most people are still holding it as means of asset now, and when they need to convert their profit, they convert both capital and profit into fiat and then store it in their banks, which means that banks will have more money to be able to give out loans to the public where they usually make their money from on interest. So, I think that banks are even more interested in cryptocurrency.
1652  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What will be the Bitcoin Price If..... on: September 14, 2019, 10:58:38 AM
Presumably new exchanges would spring up to fill the vacuum, as a lack of exchanges would create a market opportunity.

The price would probably respond to the impetus behind the exchanges' disappearance, rather than the disappearance itself.
There are so many great exchanges right now that are not coming up because of the hype of binance and some of these other great exchanges, so if there is no binance and others, it would just be a chance for those exchanges to lift their head up and for them to be known in the industry.

Binance, poloenix, bittrex and others may be the best and most popular now, but it doesn’t not mean that there are no other exchanges that cannot be the best too because they have very solid team and very promising future, but the hype of other big exchanges would not allow them to really thrive that much in the market as they are not able to compete with these bigger ones and not able to woe some of the clients that have packed to themselves.
1653  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alt coins bleeding on: September 14, 2019, 10:11:40 AM
Just best way is keep  50% your Capital in stable coins and 50% Bitcoins.

This way u Don't lose when btc Go Up or Down.
Why stable coin mate? And of what benefit is stable coin when it cannot really increase or give profit. If you keep money in stable coin, is more like keeping money in your fiat bank or keeping it In an exchange usd account without changing it, I would rather just put the money in bitcoin than keep in exchange.

People that makes use of stable coins more are trader because they often do make trade and rather than taking it to wallet often and payment fees, they keep in on a stable coin, or the remaining 50 percent can still be kept in some altcoins which I think now that most altcoins have really gone down is the best time for us to invest in them, most especially the altcoins that are on exchanges like binance and are ranked as top coins.
1654  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's reason behind tron's price hike? on: September 13, 2019, 07:33:28 PM
There's no reason now since the Tron is now dumped and not hiking for a quite period of time, the Justin Sun magic has no effect now and his actions and all advertisements has nothing to do with its price now.
Mind you that it is not only Tron that is being affected presently, most so called top coins too are also in the same shoe that Tron is, the only difference is juts that they have been in the market for long, see what Monero dumped to, see what Ethereum dumped to, and mentioned many great projects, look at their prices and look at what has become of those coins’ value now, so don’t judge Tron based on the dumpling , but look at the future when the market of altcoins eventually recovers, because Tron would be among those projects that would really see a great increase when the market starts pumping again. They did not just come to market empty handed; they have 2 solid products that would pave way for an increase for them in future.
1655  Economy / Speculation / Re: How to predict Bit coin price. on: September 13, 2019, 06:51:59 PM
It may not be the coworkers and grandma indicator but there has been a saying in finances for the longest of times and got really famous with Warren Buffet as well which states "if everyone is scared, buy, if everyone is excited,
sell".

I may not be remembering the word by word correctly but basically it says if people are looking for profits than you should be selling since we are close to peak however if people are afraid that its gonna go down even further than you should be buying. This goes for crypto as well because people are always scared that bitcoin will have another bear run, if you see sentiment like that it means it will go up because people who are scared all will sell their coins and only buyers will be left, and if people are buying that means they will run out of money soon and you should sell.
1656  Economy / Speculation / Re: What is the bitcoin price prediction for 2020? on: September 13, 2019, 06:25:36 PM
I believe that before the end of 2020 after the halving  Bitcoin will be above $20,000 with the look of things in the  market chat. The adoption of Bitcoin and crypto currency in general is now on the increase and that will continue after the halving.
Yes, bitcoin may surely be above that but I didn’t see it going far higher, the new all-time high that bitcoin might set after having may be $25000 because there is going to be so much sell off that time, because of some sending debts that bitcoin is yet to pay.

We had thousands of people that actually fell for fomo in the last bull run when the price of bitcoin was somewhere around $19800 and many of these people are basically waiting for one thing, they are waiting for the time that their money will reach back to that $19800 which they might never take the chance of waiting any longer before pulling it out, this may surely create panic sell for those who had bought after that and would start pulling out also, that is why I didn’t see all those prediction of $50k coming to pass any time soon.
1657  Economy / Speculation / Re: Bitcoin Price Could Surpass $15,000 This Week: Max Keiser on: September 13, 2019, 05:37:14 PM
It seems the price of Bitcoin has not risen to $15,000. I think it’s not serious to make any forecasts and name the future price, because the market is very unpredictable and, depending on the news, can go in any direction. For example, who could predict today's growth of almost all altcoins?

I think the issue with the prediction is that week was mentioned as if it was already written and the task was to read it out. Price will get to $15,000 but who knows when?
Anyway, it is speculation and we don't have to take it all to heart.
Actually bitcoin price has the tendency of rising to that target every day, I mean the chances of it getting there are always there, but every time that the value wants to go for a push, the bears just suddenly bring them into end and that is why we have not seen the surge. When Kaiser predicted what was predicted, the potential of bitcoin might be there then, but as we have very strong bears in the market, the value becomes unachievable.

Time is coming that with or without bears, bitcoin will push for that value, and I can say that it would be before the year runs out, and that will surely be around December before Christmas approaches. Maybe with the little season of Christmas, the price could even grow a little bit higher than that $15k.
1658  Alternate cryptocurrencies / Altcoin Discussion / Re: ICOs 2019: A Year Of Success or Failure? on: September 13, 2019, 05:08:30 PM
I think ICO in 2019 will bring nothing and it makes no sense to spend money and time on it, it is better to find another occupation in cryptocurrency, more profitable

If you are participating ICO to earn, just forget about that, ICO struggles to sell, so there's no opportunity to earn.
Bounty hunters can't rely in ICO anymore like they usually do in the past, even with IEO, there's only few projects that are successful in the market.

Maybe we will see some improvement in our earning once the market will be fully stable again and people are again interested to invest.
For now, let's accept the reality that the success rate has dropped and we are significantly affected.
I disagree with you that there is absolute opportunity to earn, yes ICO market is bad, but it is not bad to the extent that 100 percent of projects are scam, we still have very highly reputable team that would carry out their ICO campaign with respect and those are just the kind of companies that we need to watch out for.

Look at harmony, harmony is a great project with reputable team, they started with ICO and because of this mentality is why some of them didn't promote them, and why investors didn’t invest, imagine that there was no platform of IEO, that is how this project would have gone without being able to meet up, and this Is the challenge with many great projects too that are not able to meet up with IEO financial requirement, so we have good project in the market.
1659  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining rigs end up dead on: September 13, 2019, 01:12:12 PM
I am sorry to hear about that mate, I can imagine how painful it could be considering the finances, the energy consumes and the fact that it has not even started coming, but it is art of business risk man, you just have to accept your losses and then move on to the next stage of life. This are the part of the risk that I considered in cryptocurrency mining that made never wanted to go for mining at all, look at the time you have spent, do you know how much bitcoin was 2 years ago? If you had invested in bitcoin then, then it would have been another great story by now.

I just prefer to invest in  coin and then hold to mining, even though holding is risky too, but I am not sure it as risky as mining, but the company where you bought that mining machine from, they should still be able to assist you so that you can as least have some profit on it.
1660  Alternate cryptocurrencies / Altcoin Discussion / Re: How much money do you currently have, you can buy cryptocurrency at the bottom. on: September 13, 2019, 12:35:17 PM
From the bull market in 2017 to the present, the price of mainstream cryptocurrency has fallen sharply. How much money do you currently have, you can buy cryptocurrencies in the future market. If the bear market will last for a few years. What do you choose to do?
If the bear market chose to last for a few years more, I would just continue accumulating cryptocurrency because whatever I am doing now is to secure my future when cryptocurrency becomes extremely popular so that I would not be among those that were in 2009/2010 and had the opportunity to buy bitcoin at extremely give a way price but fail to do so, but now, they are regretting it and thinking they could turn back hands of time.

I know perfectly well that there are lots of scam projects in the market, but that should still not stop us from investing, because of we are to consider all these scammers, they are the ones that will scatter our future career in cryptocurrency but we can still try very much to get projects that are solid and have future through research.
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