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1321  Economy / Speculation / Re: Bitcoin ETF by 2nd quarter of 2021? on: August 29, 2020, 05:05:29 AM
Well, just because governments and their branches want to make stuff for bitcoin doesn't mean that they will be capable of. Let's say banks started to give out loans in bitcoin and on paper they have more bitcoin and loaned more bitcoin combined over 21 million, they got 1 bitcoin as savings account from someone and loaned 5 bitcoins to others using that same 1 bitcoin, that is literally what they do with fiat, that doesn't change the fact that all of those are virtual and people do not own it, there could be ton of horrible stuff for the banks but this time when they crash government can't print bitcoin and give it to them, bitcoin is bitcoin and nobody could replace it or control it.

This is why let them do whatever they want, they can't get away with it this time around.
1322  Bitcoin / Bitcoin Discussion / Re: How the Post-Pandemic Era will benefit the Crypto Industry? on: August 28, 2020, 06:03:00 PM
Where did the 35% of cryptocurrency affiliate sign up take place, on CoinBazaar? Or the cryptocurrency market as a whole?

Because, I don’t get it and they didn’t even put a link to a reliable source that proves what they are saying there. And the other two points they have mentioned doesn’t have anything to do with cryptocurrency, how does a surge in the buying of virtual products have anything to do with cryptocurrency? Would have been clear if they said a surge in the buying of cryptocurrency and also prove it with some sources that can prove there is a surge in the buying of cryptocurrency.

Before this covid19 the price of cryptocurrencies were already going up and covid was just a bit of drawback, and the market is back on tracks again. So I don’t know what you all mean by these post-pandemic benefits.
1323  Bitcoin / Bitcoin Discussion / Re: Laws of Bitcoin on: August 28, 2020, 05:00:05 PM
All the laws are correct. People are fond of asking me questions on how many bitcoins I have , and I see that as a very dumb question, it’s like asking me how much I have in my bank account. There are things that are meant to be kept to yourself and not to the public, and when people ask me this question, especially it comes from people who talk about Bitcoin, I don’t give them any answer, because it’s none of their business.

Storing your whole coins on an exchange is wrong, people should have different wallets and exchange that are reliable. You have two wallets that are reliable and then have one exchange that you will be using for trading, whether decentralized or centralized, any one of them that works for you.
1324  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: August 28, 2020, 03:50:07 PM
I don’t really agree with some of your points. The number one point you made, about works becoming all about contributors and not employees, I somehow agree with that, but it’s not going to be a system that will be fully applied, there will still be employees.

We already have that system, and that’s what we call freelancers, people who work according to their own terms and not based on what the employees sets as rules. Then as for the second point about things being decentralized, I don’t know about that, it’s something that is left for the government to decide, which I know they wouldn’t agree to, but I’d say thing will be balanced between the two. Can’t say much about the third, I think it’s right, then as for the last point, I still think that things will be balanced between the two.
1325  Bitcoin / Bitcoin Discussion / Re: Accepting Bitcoin for sales in a volatile market. on: August 28, 2020, 03:00:03 PM
I think if you can get a system that will automatically be converting the amount of dollars in USD to BTC, that will be better. And you shouldn’t be listing the prices in BTC, example: 0.6 BTC like you have said, it would be better that you just list the prices in USD as that is what people will understand better than the BTC. And like I have said at first, if there can be a system or way that you can configure your website to convert those amounts to BTC so that your buyers will know how much of BTC they are meant to be sending to your address. I have seen sites that are doing that, you should do research.

I have also heard about Blockchain merchant app, but I don’t know how it works, you should probably look into it and other crypto merchant apps, they might have what you need.
1326  Alternate cryptocurrencies / Altcoin Discussion / Re: DEfi Hype Trends! This is not something you expect, go before you get stuck FOMO on: August 28, 2020, 11:36:49 AM
I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.
DeFi has been trending a lot recently and some people now believes that they are the best, I have even seen some people who are saying that DeFi is the future and some of them have gone as far as saying that it is going to replace the traditional banking, quite funny. Same way they have all been hyping other projects that have been around before DeFi?

All these hypes are just for them to make money and nothing else, as time goes by something new will pop up and everyone will move on, leaving DeFi behind, and also start hyping the new projects that comes out. There are good DeFi though, just don’t choose based on how much they are being hyped, just calm down and look into them and choose what’s right for you.
1327  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Asset Insurance on: August 28, 2020, 10:36:00 AM
Maybe you and me may not need something like this because we are not getting into crypto so much that we would need insurance over something so tiny, even a 50 thousand or even 100 thousand dollars worth of crypto doesn't really require an insurance all that easily, if you want to you can but it really is not needed and would cost more than what you can make in profit when you get in, and would be just a loss before even you start investing.

However there are now wall street companies getting into crypto, those guys are buying tens of millions of dollars worth of crypto and I honestly have to say that they are actually getting these insurances because if they lose they lose a lot so they really need to pay up those small amounts to make sure they are guaranteed.
1328  Alternate cryptocurrencies / Altcoin Discussion / Re: Fastest cryptocurrency blockchain to make a token on: August 27, 2020, 06:30:30 PM
I too agree that if anyone wants to make a new token based on any blockchain, it should be ethereum for sure. I know that it is expensive for ethereum transactions and I know that it is quite clogged and it takes time for transactions, but those are the only downs there is.

Ethereum is much more complex and comprehensive when it comes to blockchains plus you would be able to allow stuff like mew or metamask to publish you as well, so there is this huuuuge ease of use as well that you have to consider. Long story short there is a huge deal of ethereum awareness that people have that you can't ignore. All other stuff have their own shortcomings as well but none of them are solved by just using a bit more fee to send anything, this has its own solution.
1329  Economy / Trading Discussion / Re: Crypto Investing/trading Opportunities for stable returns? on: August 27, 2020, 05:57:57 PM
I really want to believe them because if you can make about 10% from the USDT that you put, that is actually a great amount in real world, think about it, banks only give like 2-4% in the best of terms and that is usually risky as well, I have seen as low as 0.25% for guaranteed return, they literally have government backed guarantee so you will make that money for sure and your capital is safe, but 0.25%? REALLY? So to have 10% would be something else, it would be awesome and probably world breaking.

However it also sounds like a ponzi scheme, they just pay people who wants their money from the people who just got in and keep it going until there is no more money to go around, hopefully that will not end nasty but it most probably will, that is why I do not put my money into them. It just doesn't look realistic enough.
1330  Economy / Trading Discussion / Re: Is Buy and Hold Really the Best Strategy in Crypto? on: August 27, 2020, 03:45:46 PM
I never thought that Hodl is the best strategy, I only see it as the easiest and that’s what I recommend that most people do, because trading can be difficult, not everybody can do the hard work it takes to predict price movements and some people sucks much in technical analysis, so no.

Day trading or margin trading might be a better option if the trader is really good to the level of being professional that they can predict the prices most of the times, if not, you’re just going to keep losing everyday and before you could realize what’s happening, you have lost more than half the money  you’re trading with. Better to do what’s best for you.
1331  Economy / Economics / Re: Anybody know what happens when Bitcoin hits 21M circulating supply? on: August 26, 2020, 06:30:01 PM
The real scary part is, if the miners do not sell their coins, technically speaking someone can have all the bitcoin in the world. Think about it, let's say you are a miner, you can pay the bills and the costs from your pocket, after the 21 million is over and there is no more new bitcoins, that means the only thing you are mining for is the fee's right?

Well, when you keep going for that fee, you are taking other people's money and not new bitcoins, if you do not sell them, eventually you can have ALL of them as well. Obviously it is not possible with the time table and how it would take longer than one life time to be able to do that, but I really dislike the fact that it is technically possible for something like that to happen, it should have been covered over with a protection for something like that.
1332  Economy / Economics / Re: Economy over health on: August 26, 2020, 05:53:00 PM
Unfortunately economy IS health, if you cripple the economy to a point that nobody works and everyone is at home, people who can work from home do work from home but all the other jobs and business' that can't work from home, such as cafe or restaurant or dry cleaner or MANY other stuff that has to get out of the house to work, would really go bankrupt, if they have some savings account at the side they could barely survive but at that point they are eating away from their years long savings as well.

This means they will be stressed out and some would be basically unemployed and with no income and that would cause them to lose any chance of getting any medical need as well. All these come down to their health going down constantly because you can't be in this much trouble and still have your health up.
1333  Economy / Economics / Re: Monkeys: Don't do trend analysis! (with poll) on: August 26, 2020, 05:01:16 PM
I would say that if you see some sort of analysis and if you do not know what you are looking at, there is really nothing you can do about it, people will fool you because you do not know what you are looking at so they could make something up that doesn't exist at all and show you a chart that makes absolutely zero sense and you will believe them because you do not know what you are doing.

However if you do know what you are looking at, that means you will be capable of actually understanding what he is talking about, that way you would be also understanding if the person that is doing the analysis is actually doing a good job (doesn't mean he has to be right, just be correct about what he is talking about) and by that time you would be capable of doing some analysis yourself as well.
1334  Bitcoin / Bitcoin Discussion / Re: Hacker Stole 1,000 Traders’ Personal Data From CryptoTrader.Tax on: August 26, 2020, 04:16:53 PM
Lots of things are happening and these days people are not safe any longer. All these websites should always try to be very careful with their sites' security to protect their customers so that their information that they have given to the website will not fall into the wrong hands. It’s very bad that some of them are usually less concerned about issues like this until it happens to them and then they will start running up and down.

Sometimes you give your information to a website and the next thing their site gets scammed and you start getting some spam mails from those hackers to get access to your accounts. For example, I do get emails for confirming my details of my blockchain wallet but all of them from blockchain look like domains. If I do not check from where I do get mails then probably I might have lost my blockchain wallet by this time.
1335  Economy / Trading Discussion / Re: Trading crypto is a different ball game on: August 25, 2020, 06:05:24 PM
I believe that it has a learning curve for sure, but I believe that learning curve is not really as high for someone who has done trading in other stuff versus people who haven't done anything like that before.

So, let's assume we have two people, one of them has done nothing in the trading world at all and never been involved with financial system but just work and get salary and that's it, and the other one is a very successful stock trader, just because one has some experience doesn't mean that he will start with a ton of profit right away, but it does mean that the trader would have a quicker learning curve and start to profit before the other person. Plus, we also have to take the moment they get in into consideration, someone who gets in during bearish time is likely to lose versus the guy who got in during bull time.
1336  Economy / Trading Discussion / Re: Virtual trading before actual one - pros and cons on: August 25, 2020, 08:30:14 AM
Yup that’s right, I have seen people who try virtual trading and they are giving fake $10,000 to try out the virtual, and when they try the demo they will be succeeding, but once they decide to get into the real trading they will start losing.

It is just like that, and from what I understand, when they are into that virtual trading , most of them are just seeing it as a guess work and they just be hitting that buy and sell button and things are kicking in randomly and profit coming, and they think that’s how it’s going to be in the real trading.

Even if they experience loss in the demo trading, they don’t really feel it and don’t care to figure it out since it’s not real money, they are just having fun until they get into the real thing.
1337  Economy / Trading Discussion / Re: Investment advice backed by real experience on: August 25, 2020, 07:38:45 AM
The great risks is what stops so many people from investing, that’s why I usually tell some newbies I know that if they want to invest in Bitcoin they should have plans to invest and hold for a long time, that’s when you will see the benefits, because if your plans are to just invest and cash out immediately, then you’re probably going to be wrecked, unless you’re a professional day trader that knows how to predict the market, and buy and sell at the right time.

If not, the best is to hold for a long time and maybe if at the time you’re holding there happens to be a bull run, you can then decide for yourself whether it’s right to sell or not, and another good thing is to have target.
1338  Economy / Speculation / Re: Bounce Back is coming? on: August 25, 2020, 05:32:11 AM
Look if a trader wants to make some sort of quick movements, they are free to do that, if you want to make a thousand small trades per day all day every day you are free to do that.

If your aim is to make 1 dollar profit from each trade and make it under 5 minutes and have like 100 of them per day so that you could make 100 bucks in a very quick fashion, or if you want to just invest into bitcoin and wait until you make total money combined instead of quick trades, both of them works and both of them fails time to time, there is really no reason why there should be some sort of difference on what people should be doing or not, none of them are right or wrong, it is just moment that makes one of them work and the other doesn't, sometimes both work and sometimes both fail.
1339  Economy / Speculation / Re: Why is it when the year will be over there are always talk about the price on: August 24, 2020, 06:35:35 PM
I would assume that by the time the price goes up in late stage at the end of the year most of the time because there are so many nations in the world that gets salary yearly so people do not invest that much early in the year since they don't know what is going to happen during the year (just look at this year) and that is why they spend or put it aside but not really invest with it, but by the time November or December comes they know how much they have and how much of it they could use for investment, which makes the numbers go up a lot more in the late stages of the year. That is just my thought, there are so many sports people, financial people, Americans and so forth that calculate their income yearly, whereas my nation does it monthly, so maybe those yearly ones are because of yearly income.
1340  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in NEO now? on: August 24, 2020, 05:24:37 PM
I rather not invest into something when it is going high so much, just a month ago the price of neo was around 11.5 dollars, nowadays it is over 18 dollars, that is a huge increase, I rather not invest when it is at over 18 dollars, it would be smarter if you invested when it was under 12 dollars.

Now, I understand that many people could think that "how could we know when it was under 12 dollars it would have gone over 18 dollars" which is a solid question, however the answer is not "if you missed out under 12 dollars, invest over 18 dollars", that is not a solution neither. So, I would say the best case for you right now is to wait for it to drop in order to invest again. Now, you know what is low and what is high, if it goes down under 14 dollars again, you could check to see if you should get in.
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