Latest posts of: justdimin

Quote from: Asuspawer09 on March 14, 2023, 05:05:20 PM

I mean yeah, its the top 2 cryptocurrencies so its probably the king of altcoins, Most of the altcoins probably don't come near to Bitcoin and Ethereum when it comes to market price so these two giants are just the best as a cryptocurrency and even on the investment, most of the investors would easily suggest Ethereum as an investment after bitcoin no problem. Ethereum popularity is just different compared to other cryptocurrencies I don't think there are cryptocurrencies that could come close to these two, especially on marketprice.

When bitcoin becomes a thing there are a lot of projects trying to replicate bitcoin's success, but Ethereum has a different structure, different supply, etc. and that's structure is probably genius having its own network, these days other projects are now replicating Ethereum creating new networks, etc. I guess its a testimony to Ethereum's success in making a genius structure that could possibly be a big thing these years.

Just to make it a bit more clear, ETH is the second one, and if we ignore USDT which is not a crypto currency but a stablecoin, then we could say that BNB is the third one and they have less than 25% of their marketcap, imagine the fact that your closes rival is not even four times smaller than you, it's even smaller. On the other hand the next biggest one after that is XRP which has 19 billion marketcap, which means it's even less than 10% ethereums market cap as well.

This type of big differences should make it clear for everyone that ETH is solid at the position it's in and there is no cryptocurrency that could take its place, not anytime soon at least and for many years.

Quote from: CoinEraser on March 14, 2023, 04:39:47 PM

Quote from: coinremitter on March 14, 2023, 08:45:07 AM

-snip- What will be the another reason, in your opinion.

Certainly the limited supply is and remains one of the main reasons and the price driver par excellence. But the fact that Bitcoin is being used by more and more people and is also seen as a capital investment is certainly one reason. Another reason could also be the inflation of fiat money or the unpredictable banking system. All of these things are driving the price of bitcoin up, and there's certainly more.

I agree that banking system making bitcoin a bit more liked and loved the way it could be because of fiat getting a lot worse is a point satoshi was trying to make to begin with. Why do we have something called bitcoin? Why was it even started? Because, one simple truth is the fact that fiat is controlled by mismanaged terrible governments of the world and that screws us over while making the rich people even richer.

This is why we shouldn't trust fiat to get us richer and give us what we deserve one day. Today kids could work their entire lives and not be able to afford a simple need; house. So in the end, bitcoin gets more adoption and more interest since it is at least equal playing field.

Quote from: DeathAngel on March 14, 2023, 04:37:58 PM

Congratulations on the birth of your little one. You are a great parent & your baby is very lucky to have a caring, responsible parent. Planning for your child's future should make you proud, you are doing it all for them. I tip my hat to you.

Try to keep adding to the money you have converted to bitcoin. We all know that in 18 years bitcoin will be worth a lot more than it is now. You are doing the right thing, well done.

I just wish more people did that for themselves as well. We all know that if you have a baby and start putting in money into bitcoin until they are 18, by the time they are 18 that money will worth a ton of value and you would have a very rich kid, you would be doing something amazing for the kid and you need to never cash that out of course, and there is a goal, 18 years old, when they are a grown up basically and can run on their own feet.

However, when it comes to saving money for 18 years just for yourself, for your retirement and old age, not many people do it and I do not have any clue why they do not do it. I think they should be able to do that as well and they are missing a chance.

Quote from: royalfestus on March 14, 2023, 04:50:49 PM

Society and profession of graduation can be considered in this advice.
1. The level of unemployment varies from society to society. A few societies provide a job market where graduates are almost all employable, but few get interested in attending tertiary universities, so they may not have a clear understanding of the importance of learning other skills, more importantly skills that are related to one's career.
2. Discipline of graduated; medical graduates have a difficult time combining other businesses, particularly if they work in the same field, and most employers prohibit other related business operations that might create conflict of interest.

I think it is obvious that the culture that west has prevented them to have kids that grow up to like to be plumbers, and that is why some plumbers make more than doctors. This is why we have a lot of people who graduated from unrelated and unimportant fields that will not make a lot of profit and will lose a lot of money in the end, whereas we are going to end up with a lot of people who did not even go to college and make a lot of money.

My mechanic for example who fixes our car makes nearly 10x more than I do, not just himself of course he has a garage and his shop makes that but it's a proof that if you have a valuable skill, a degree means nothing compared to that.

Quote from: Bananington on March 11, 2023, 08:26:31 PM

In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.

The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?

Less risk, by all means less risk. I think it's quite obvious that we are looking at something that is quite terrible in the long run because we are looking at something that promises that big profit but at the end of the day we are not going to end up with anything that is going to be profitable at all and will crash instead.

I know that the hype and the feeling of making a 10x return excites people a lot, and the potential for that makes you want to actually cause a lot of return and profit, but that doesn't mean that you are going to actually get it, you may end up losing all of your money. This is why less risk is always better because at least the return will have more possibility.

Quote from: Solosanz on March 11, 2023, 11:17:39 AM

Many users are mostly mention about coding and other technical jobs about creating a crypto project, but many users forgot about signature campaign where there are few campaigns still run for more than 2 years without a pause.

Yep signature campaign can't be said as a job because the project can stop the campaign at anytime or the forum will remove the signature space, but until now it's not and it's high unlikely the signature space will be removed.

There is a good side and a bad side about this type of job. First of all we are talking about thousands of people, they all want the same job, and that is not usually normal in most cases, because normally when a company offers a job, that means people around that company can apply, if Apple opens a job at California, I can't apply to it, they are 18 hours away from me.

On the other hand this means bad for both sides, not just the worker, workers are in trouble because there are tens of thousands of people you need to be better than, but for employers you need to find the best one in that tens of thousands of applications. It is not easy for both sides.

Quote from: tread93 on March 13, 2023, 04:33:26 AM

The title sounds all too familiar, doesnt it? We are seeing this in real time and its pretty wild! This is one of the main reasons that Bitcoin was created, to create an alternative to the fiat trash money. Tomorrow morning President Biden will speak on the 2 bank collapses that happed in the past week, and of course he is going to follow in Janet Yellens footsteps assuring that the US Government will bail the failed banks out and that all the depositors money is safe, but with what money? The printers are running nonstop, they have to be. The US defaulted on their debt recently, I mean all the conditions are not looking great for USD.

Are we seeing the beginning of the domino affect on US AND ALL GLOBAL BANKS?! Is the USD going to finally collapse? I don't think just yet, the FED is going to pull some strings to delay yet again but how much longer can they hold up the inevitable?

I don't get why people are overreacting this much. Banks were in trouble after offering this much, if Biden wants to save them so badly, just drop the interest rate a lot, and by that I mean like under 3% levels, which would be more than enough. That would cause a lot of people to withdraw their money and banks wouldn't normally want that, but right now there are excess amount of money in the banks that they can't pay back with interest, so people withdrawing their money and not requesting that much in return is actually better.

By this logic if banks want more money, they can offer 100% interest, would everyone jump on it if it was legit? Sure, but how could a bank pay that back? They can't. That is happening right now in a minor scale.

Quote from: MusaPk on March 13, 2023, 12:02:52 PM

I keep asking myself this funny question that almost all countries are under debt including economic powers like USA and Japan (In December 2022, the Japanese public debt was 9.8 trillion US Dollars). If the whole world is under debt then who is the lender?

China has 3,133.2 USD billion in its reserves by Feb 2023. China is relying heavily on USD.

World affairs are changing so rapidly that we can't predict how the world will be in the coming 6 years.

Each other, that's the answer to your question. They are debited to each other, so you buy 1 billion dollars worth of thing from USA, and they buy 1 billion dollars worth of thing from Japan, now you owe USA 1 billion dollars, and USA owes that to Japan, as you can see only 1 billion dollars could delete 2 billion dollars worth of debt, if I pay that to USA and they send it to Japan, same 1 billion dollars pays for 2 billion debt, now if Japan buys something from me, that means 3 billions all paid with a single billion dollars, or even better yet, if Japan says USA has no debt in return of USA saying I have no debt, we paid nothing and 3 billion dollars worth of debt is gone. That's how this much debt was created.

Quote from: Inwestour on March 13, 2023, 11:10:35 AM

Quote from: Jody.Drummer on March 12, 2023, 06:29:56 PM

We cannot choose to be born poor or rich, but when we are born poor it doesn't mean we don't have the opportunity to become rich. How to make that happen, yes, by trying and not just sitting idly by while waiting for a miracle to come, that's a ridiculous thing. The process will not be easy, it must be very difficult, but while we try, there is no impossible word. Yes, I understand that fate says otherwise, but that doesn't mean we stop trying, because life is really about trying to be able to live as well as possible, be it in terms of the economy or anything else.

Everything depends on us, a civilized society gives us the opportunity to choose, we can live in such a way that we have enough for food and housing, or we can strive for more.

It may also depend on whether you live alone or if you already have a family, because if you live not only for yourself, then this can motivate you to achieve a better standard of living. In addition, doing business or making investments is something that requires knowledge and skills, so you need to come to this. And if a person cannot find any motivation, then he will remain at the same level.

This is such a western approach, first of all there are two things wrong with this and we need to tackle them one by one. You are looking at an individualist approach, which means that even if it was possible for people to work hard and get rich and the proof is just some people did it, then even in that case if some other people don't work hard, they won't be living a good life and they should starve and be homeless?

There is no logic behind being ok with your citizens to starve just because they didn't work hard, that's cruel and horrible idea. Secondly, as mentioned before, there isn't enough money to go around for everyone, it is just not enough, and the gap is growing bigger, which means that this work hard and earn option is not available for everyone, even if you work hard, some people will have to not earn enough, that's just how the math works.

Quote from: IShishkin on March 04, 2023, 03:58:46 PM

Failure resistance in considered to be an important feature of the blockchain technology. Common knowledge says that a blockchain network doesn't rely on a central authority and doesn't have a single failure.

However, we observe blockchain-solutions which fail on a regular basis due to various reasons. The notorious example here is Solana.

What is wrong here? Is it true that blockchain networks are failure resistant?

Or, alternatively, is it true that we misclassify some blockchain-solutions and put a wrong label on a product? What is your opinion?

It is not, but it has proven so far that it could have failure and still go on. Being failure resistant means it can't fail, we have seen it fail and that is a terrible thing if you can't recover from it, like for example Luna failed and it failed, it didn't recover from that and it has been one of the reasons why bitcoin is low today.

However, SOL fails and then it recovers, acts as if nothing happened, and the community keeps supporting it no matter what happens to SOL as well. This is why I have to say that it is as close to failure resistant as it gets. Not exact meaning of failure resistant, but it is basically recovery-likely or whatever new word we can come up with for this situation Cheesy

Quote from: Ozero on March 11, 2023, 10:41:55 AM

You simply cited the negative experience of creating and using CBDC in one country. But in general, CBDCs are more efficient non-cash forms of payment for the state compared to the current existing ones and therefore will be successfully developed. But state CBDCs will also change for a long time until they acquire the most acceptable form and user functions for everyone. It is important that people have the choice of using currencies and their types. Cash is also necessary for us. The best option is to circulate all types of state currencies, including cryptocurrencies.

That is true, people are so much against CBDC that they are forgetting the alternative is fiat. They think that CBDC is alternative to crypto, but in reality it is government issued which means that it will be alternative to fiat and that is why it is such a great project.

I like it very much and I believe that we should be focusing on it as much as we possibly could, and support it a lot as well. Why did we disliked fiat? Because it was centralized and basically controlled by government and dated method, nowadays we can get it a better way with CBDC, still government controlled but at least not outdated and it could be something much better for the future our nations.

Quote from: Mpamaegbu on March 11, 2023, 10:02:10 AM

I've someone I talked to a few years ago about Bitcoin investment. After a while dude decided to invest because he was passing through financial meltdown. At the time he did and sent me the cash for it, I wanted to put it in altcoin (launchpad token) but decided against it because of high risk. No one knows what can happen when it comes to alts. The whole thing can go down the drain within a day. However, if I had invested it in that launchpad token I would've doubled the capital within a few weeks of investing in it. Instead, I invested it in Bitcoin, knowing that whatever happens I can still get out the capital. I'm still hodling the fund and if the dude wants his capital while the market is dipping from when I invested it, all I've to do is pay him off his invested capital and keep the Bitcoin, then wait for bull season to set in. If the person in your story had done that, the incident wouldn't have landed him in police net.

I think not liking the bad side is of course normal behavior by the people but the reality is that we are talking about a situation where it could be as dangerous as you want it to be and not that much of a problem for most people.

I understand that we are not going to end up with a major problem in the long run, but we will face some troubles along the way and that should be something that everyone focuses constantly, there is no way of running away from that at all, we should be just accepting that fact. I know that people hate the bad side of these things, and it's their money so I understand that, but that bad comes with a great following afterwards.

Quote from: FireDAOJackie_Z on March 10, 2023, 09:17:08 AM

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

I honestly think that it is just a drawback and nothing more. I know that people do not like it when someone has this much FOMO, people hate the optimists in the comments section and they will always mock around about it, but you will see when the time comes that I was right about this.

I can see at least 2x increase this year, and for that to happen we need to sometimes drawback like this, let the sellers and weak hands get out and when they do, stronger hands could end up holding longer and diamond hands will end up buying even more. That should have been the case for most people and I think it will continue to happen for a longer period of time.

Quote from: ilovealtcoins on March 10, 2023, 03:27:42 PM

For me, money is everything, when I have money I can order anyone, buy anything, even happiness. Our world has changed and we need to adapt to it if we don't want to be eliminated. Money is just a man-made tool to serve us, but in the end, we are all manipulated by it, it's a sad truth, but the world works that way now.

I think I read it here or on reddit somewhere and I talked about it before. I believe that money is like a key and life is filled with doors, the more money you have, the more doors you can open and if you don't have money then you do not have that many doors and you would live a limited life, if you have a lot then you can open all the doors and can decide how you want to live.

My life is very limited because of money, I need at least another 10-20 thousand dollars to just cover the "dreams" that I have which is very small, like see another nation, get another thing for my house and so forth, but considering the situation we are in, I would say that it is not going to happen, and I started to learn to live with that.

Quote from: TribalBob on March 10, 2023, 03:30:24 PM

Quote from: FireDAOJackie_Z on March 10, 2023, 05:52:58 AM

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

actually saving has been taught since we were small, the purpose of saving is to cover the cost of living which has become a minus because of one thing, yes, like current inflation, saving in small amounts or as much as we can, don't force it to reduce our daily food allowance just because we want to save money

I think food is important if you are spending extra amount on food, I was a person like that, and I have overspent on food, because I like to eat in nice places and that is a problem of mine, I hate cooking, I literally hate it, I would rather starve and go to sleep hungry then cook, which is a big psychological issue I know, but that is why I ended up overspending on food. If that is the case, then I think it is important to cut back on food spending.

However, nobody should be starving to save some money of course, that part is true because that is a basic human need and even medical condition if you don't eat well enough when you are capable of doing it.

Quote from: Huppercase on March 10, 2023, 03:52:50 PM

Doing KYC and not doing have advantage and disadvantage, the advantage is for the exchange to weed out bad people, knows who they are dealing with and help to fish out users from countries that have been sanction, that is the benefits of doing KYC to any exchange. The disadvantage here is that exchanges are known for non-transparency, they can do whatever please them with people information. I have read where Binance leaked users KYC on the internet that was trending for weeks, such things are the thing we fear of not repeating by other exchanges.

Leaking of KYC is not the disadvantage of it, that is a hacking and you could get the whole hot wallet hacked too and your money would be stolen, that's not really a default state of it. The advantages and disadvantages should be seen from a legal stand point, if it is good legally then it is good, all the other things that illegal people do with it are beside the point because they do not want that to happen neither but it happens because some people are just bad.

I believe that exchanges should always ask for KYC because it makes it that much more legal and that makes it that much better for governments to accept it as it is as well if you ask me. The more legal it gets, the better for the users.

Quote from: benalexis12 on March 10, 2023, 02:56:11 PM

Quote from: GlobalMilk99 on March 09, 2023, 04:45:19 AM

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?

If you are going to do crypto trading in this business field, I think the exchange site platform is fine, it just depends on you if you use a centralized or decentralized platform, where you feel comfortable doing your trading activity. But if you are a long term holder, and you can afford to buy a hardware wallet or Ledger nano is better. However, if you don't have a budget, you can also use the Electrum wallet for desktop or if you use a Cellphone, you can use Trustwallet and if you use Ethereum, you can use Metamask.

I agree that long term holders should be getting at least one ledger based on how much money they have.
It may not be that much cheaper for someone who lives in a poor nation and only has like 500 dollars saved, that may sound like a very little amount of money to you but there are people from Venezuela or Argentina who have an account here and having 500 dollars saved for them is a huge amount, if they somehow could get 10x return, which is not impossible in this market, 5000 dollars would mean they are basically very rich in their nation.

I am sure that an American would not care about that or even save that much during high school by working on McDonalds, but that is not how rest of the world feels.

Quote from: xSkylarx on March 10, 2023, 01:22:02 PM

For sure almost all of us heard about bitcoin and thought that it is valued less and haven't thought that the price will skyrocket right now. Even myself way back in 2016 if ever I knew that this will be the price. But again if we live with our regrets and just keep thinking about it then there is nothing gonna happen to us that is why others are now accumulating bitcoin buying sats when they have extra money because they now see the future of bitcoin.

That's true, I have been here since it was just 100 bucks, and I am not even rich. I am doing alright thankfully but I have not that much money because anytime I had some money, there was something urgent in my life that I had to pay for.

My family mock me about it, I never had 6 months with nothing wrong in my life, it could be something small, or it could be something big, but there is ALWAYS something wrong in my life, last year it was health issues, then this September it was a death in family, then some other things, basically I never had 6 months with nothing worrying and that is why I never saved enough money because I had to keep cashing it out. If I keep regretting it, then I won't be able to survive for a year.

Quote from: JamesBorn on March 05, 2023, 06:40:06 PM

BTC am proudly die hard fan don't let me die hard, I want to see you doing better than our enemies assumption. Many people plays the role of eat and run but am here playing Jamesborn, Ruth says if I perish I perish but am saying if BTC perish we bitcoiner don't wants to buried you, so arise and let all your enemies scattered, arise and shine, we believe in you BTC and we know you can do better (personification).

This price is not going up soon, but it keeps showing green, BTC why! God of BTC go to Politicians, Industries, Government and organization, multi billionaires, armed robbers and money laudatory confuse them let them investment, promotes and legalize BTC as legal tender in all nations, so I can grow and recover before garri (cassava flakes) blind my eyes, I pray oh God. Amen

I have to agree with others that bitcoin going up is regarding the market and what people believe in, there is a situation where it will take a while before people could believe in these things, and the market is not that easy to trust. Sometimes you trust it and sometimes you don't, there isn't really that much of a middle ground about it.

This is why I believe that we should be a lot more careful when making these decisions, if it was such a simple thing then everyone would have made some profit with it. Since only "some" people make a profit from crypto trading, then it means it is not as easy as it sounds and we should be checking the ups and downs.

Quote from: adaseb on March 09, 2023, 06:24:57 PM

Quote from: vapourminer on March 09, 2023, 01:47:56 PM

i just noticed the deadline for registering accounts needed for payout has been extended again.. from 10 MAR to 06 APR. at least thats what the mtgox site now says. havent seen anything else but im not looking too hard either.

Yes it was delayed again, According to,

https://cointelegraph.com/news/mt-gox-registration-deadline-pushed-for-another-month

The Registration deadline is pushed to April 6 and the distribution deadline is push from Septh 30th to Oct 31st.

All these delays must be driving the creditors mad.

I keep saying the same thing, they are just pushing it as a news to keep bitcoin lower, whoever "they" are, they just keep pushing this as a news, and when the price goes down like they wanted it to, then they push it further, you know when it's pushed to? Not any date or anything, I guarantee you that next time we hear serious news all over the net about this will be when bitcoin price starts to go up again.

Obviously when a huge bull starts, this news can't stop it, like a 2021 situation can't be stopped like this, but all these smaller increases are getting crushed anytime it happens with these bad news, it's either this, or some bankruptcy, some shady companies, china bans it for 15th time, etc etc.