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4161  Economy / Economics / Re: world war 3 is coming ...do to coronavirus / economy ... on: July 04, 2020, 10:44:32 PM
I think that shortage or lack of resources brought by this pandemic will not trigger world war 3 because there is not enough reason for a war to arise since we are all suffering from the effects of this pandemic. Instead of a war to arise, what I can see on news is that each and every country is helping each other specially on the discovery of the vaccine to stop this infectious disease. Also, big nations are doing donations to those small countries to help them fight this covid-19 so why would a war arise when everybody is helping each other?

There is really not enough or no reason for a war to be triggered at these times because everyone thinks that we need each other at times like this. Instead of thinking for worst things to happen like war, why not just focus into the present which is right in front of us. Even after this pandemic a war would not rise for there are no reasons for it to be done.
4162  Bitcoin / Bitcoin Discussion / Re: My friend passed away and he have Bitcoin in his wallet on: July 04, 2020, 10:06:42 PM
Hi
It's a bit strange topic and situation so a friend of mine passed away in a traffic accident and I'm sure he have big amount of saved bitcoins in his wallet or wallets.
His parents a bit old school and they know nothing about technology or Bitcoin
So I want to tell his parents about it as probably his private keys is saved in his personal PC or email or his phone or some paper
And no I cannot go to meet them as I'm in another country now but I have his father's phone and another friend of mine living close to them

So do you guys think it's a good idea to tell his parents about it ? To search of they find some twelve words it's a key to some hisen coins ? Or what do you guys think?

It is just awful to loose a friend and I feel sorry for that mate. Regarding your question if you need to tell his parents since you wonder that their son might be having saved Bitcoins in his wallet, well I think you must probably tell them right ahead because their son might be saving them for the future or the sake of his parents so it is their right to know that their son have left an amount of Bitcoin which they can use.

As a good friend since they are old school, why not get into them right after this pandemic and explain everything and just do a call right now to somehow inform them about it but do not share private informations on calls. If you think that they cannot be able to use Bitcoin as it is, then well at least make a way for them to use the Bitcoins of their son so might just convert it into fiat and give it to them because even if we do want to save it for good, but his parents could not handle to do it, why not just give the amount in fiat so that they can already be able to use for I am sure that your friend might be happy of what will you do to his family whenever he is right now.
4163  Economy / Economics / Re: Is the US economy suddenly recovering? on: July 04, 2020, 06:09:44 PM
Based on what I have saw in the charts provided by the OP, what I can say is that US is still on the process of recovery and that is not all of a sudden because if you would see and interpret the chart readings, there are still downward flow which will truly state how precautionary measures are being implemented just to be able to make recovery of their economy.

US has been known to have the most cases of covid-19 infection world wide so it is still struggling to do a recovery as of this moment. Yes it is recovering but still on a process and that is not all of a sudden because step by step procedures to maintain the safety of the people must be put into priority. Slow re-opening of business establishments is the key for a somehow slow recovery of the economy so that people can do have their jobs back. What we can see on the charts are the effect of the measures done by the people and the government to be able to conduct their economic recovery. It will still be a long process to be while vaccine is still not yet discovered.
4164  Alternate cryptocurrencies / Altcoin Discussion / Re: Newbies take my advice on: July 04, 2020, 05:23:30 PM
The basic and simplest thought of the OP would "invest what only you can afford" well that was already usual and I think a common sense that everyone must know because we all know that trading is a serious matter that you can either earn or loose your money. But most of the time the odds is playing on loose side most specially if you were just new into trading. So borrowing money is not really a great option to be done because it might just lead you into debts once the borrowed money have not been settled due to the reason that you fail on doing your trades.

If you really do want to try trading, be responsible enough to have your own money to start trading. Even small amount will do because it is still a price to take and you will be taking the risk to witness your money grow or die. Just always keep in mind that it is still best to trade by your own money so that if ever you fail on your trade, you have no other baggage on you thinking that you will just forget and try again for quite some time. Unlike when you borrow and loss, you were still going to think how can you be able to pay the money you borrow.
4165  Economy / Economics / Re: Possible solution for economic go-slow on: July 04, 2020, 04:33:24 PM
The current pandemic (Covid19) is second to some other disease out break that had caused lives and properptise, both negatively in the economy of the affected country and the world market. Our beloved Cryptocurrency market also is affected greatly.

Drop suggestions how this set back in economy can be improved both in your country and the crypto world.

The only possible way that we can totally set back or recover the loss of our country's economy together the world economy is when the vaccine have already been discover so that the normal lives like the usual thing we have before the pandemic can go back and that is when we can work things out. But since the discovery is still on process due to many laboratory trials to assure that the vaccine will work with no human harm or side effects, what we might just establish is what they do call the "new normal" set up.

On the "new normal" set up, the economy can slowly start up by re-opening the essential establishments that is focused on basic needs and stuffs but with lesser capacity of work force so that basic necessities can still be fulfilled because if we will not do such thing, the country's economy will continue to decline leading to possible bigger debt and lack or shortage of resources. This can somehow help to start up the economy on which we must consider the tight or strict implementation of precautionary measures to be able to prevent the spread of virus while we are working on how the country's economic state is being productive all at the same time. That will be our temporary to permanent set up that is possible while the pandemic is still on so that we can start up each and everyone's economy of each country.
4166  Economy / Economics / Re: Current Food Shortage and Economic Decline Caused by Pandemic on: July 04, 2020, 01:22:59 PM
As a matter of fact,we are currently experiencing the result of the Covid-19 pandemic through out the world.
There are so many people who are suffering and because most of the people are now unemployed because of many companies either closed or lessen their workers, the lives of the people getting worst.
      Lack of foods and other personal necessities.
      Lack of finances.
      Lack of transportation because of quarantine.
Those are the major problems we are now still facing while the pandemic continue spreading because there is no cure for this virus until now.

What will be the solution for this?
How we can help our government on this current circumstances?
Does bitcoin or any digital currency could help?

The shortage on goods and food production is really common and is happening in the whole world right now specially for those countries that have the highest cases of covid-19 because the economy is down due to the reason that people tend to stay indoors to prevent the spread of virus and possibility of acquiring the infectious disease.

What I can think to be a solution for this is having a new normal mode of re-opening of the economy in which my country is currently doing wherein factories and other related establishments that are categorized to be working on necessities are now operating but just in a 30-50% maximum capacity just to maintain social distancing and execution of precautionary measures to somehow make the economy recover on a slow process.

I think digital currencies like Bitcoin has nothing to do to directly resolve this problem since it is not just a matter of finance. The main problem is the production which leads to the lacking or resources so the solution must be a direct action to resolve it. Maybe digital currencies can help in a sense of funding the projects to make the economy live once again. But all in all, it is a matter of action using manpower will resolve this problem.
4167  Alternate cryptocurrencies / Altcoin Discussion / Re: Emotion management is one of the key to successful trading. on: July 03, 2020, 10:02:34 PM
I guess it is because there is no good decision that can be made from being too emotional or being not able to handle too much emotion towards a thing that can just lead you into creating impulsive decisions that can surely affect your future actions.

As we all know, doing trading can make you feel a mixed up emotions because even you can see the flow of prices, still it is unpredictable on where and how the prices will behave so many people fall for getting into the wrong path of decision making maybe driven by too much excitement or impulsive decision because of tiring loss they get on what they think doing early or late decisions because of the outcome they have seen.

If you are experiencing emotional breakdown while doing trading, better be calm for a while and do not let your emotional imbalance to lead the way you think because you might just get stuck into creating wrong decision which you might regret once outcome sprout out in a bit. Having a healthy mind and extracting your emotions on doing trading which is logical, can somehow help you on doing trades. But still expect a matter of loss because it is still a part of the process of doing trading.
4168  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers, the biggest crypto problem on: July 03, 2020, 05:55:54 PM
It is actually right. Maybe most of us have already got into a situation wherein we have been tested with the temptation of earning instant money for a short period of time and got into such scheme and got scammed. Well, there is no doubt that scammers are everywhere not just in the crypto industry but as well as into the real world where they scam even fiat.

It is indeed that scammers became the biggest crypto problem as well as hackers which those two are correlated because both are taking advantage of the weakness of people. But we can still have a chance to resist or lessen the probability of getting scam and that is through educating ourselves on ways on how we can be able to check the legitimacy of the site, mail or anything that can be a way to scam or hack ones people's account. By doing certain research and widening your comprehension to know if it is a scam, we can still be able to avoid or do not let ourselves fall to those kind of schemes. By the end, we still have the chances in our hands to save ourselves from getting scammed.
4169  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget bounties and Airdrops on: July 03, 2020, 05:04:42 PM
It is just easy to say but a hard thing to do since not all people can carry out developing such skills needed to become a developer or build a crypto related business which lead them to rely or depend their sources of income from joining into bounty campaigns and airdrops. Admit it or not, we all or most of us have started from joining into bounty campaigns and airdrops before we have settled into something which we are currently earning our incomes with.

Bounty campaigns and airdrops provide job for the jobless and hope for the hopeless that they can still stand a chance to work and earn money through those ways. It would be very difficult to just set aside or forget bounties and airdrops just because most or some of them fail to pay. Let us cancel out the generalization that bounties and airdrops are the same because they were not. We cannot blame people on relying into bounties and airdrops since it is the most convenient and simplest way possible for those people to acquire job and earn income from those ways.
4170  Bitcoin / Bitcoin Discussion / Re: Australia post office now accepts Bitcoin on: July 03, 2020, 03:58:02 PM
It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

It is a great news to know that Australia have already implemented such actions of accepting Bitcoin usage at their post offices. Even though it was simple for me to think, it is still a great move done towards adaptation of Bitcoin because by that way, people will get into using Bitcoin not just the people who have already using it but as well as the other people might get encourage to use and acquire Bitcoin because of that.

Well mate, I am also looking forward for that thing to happen in the Philippines but I think that was still too far to happen since there are still lots of issues that are in need to be attended first before pursuing to adapt Bitcoin usage in the Philippines. Not just Bitcoin but as well as all the other cryptocurrencies. But still I am not losing hope for that day to come. It is just that time will tell when will that thing can happen. Let us just see.
4171  Bitcoin / Bitcoin Discussion / Re: There Are Now More Than 8,000 Bitcoin ATM's Worldwide on: July 03, 2020, 03:17:29 PM
That will be so nice to see such a great numbers of Bitcoin ATMs because it will make more convenience specially for those who are into using Bitcoin. Sadly, the reality is that most numbers of those Bitcoin ATMs are located in the US so other countries still do not have an access to the said ATM. But I am looking forward to see that almost all countries will be having the presence of Bitcoin ATMs because for sure it will boost the usage of Bitcoin as well as encourage other people to use Bitcoin and learn more about. What the important thing that must be considered first is that if people on the place have adapted on using Bitcoin because there is no such sense placing Bitcoin ATM where no one wants to use it or have not yet adapted or learned to use and acquire Bitcoin. But all in all, having such number of Bitcoin ATMs is really a great step for the adaptation of Bitcoin usage and making more convenience specially for doing transactions related to Bitcoin.
4172  Bitcoin / Bitcoin Discussion / Re: Buying food or groceries with Bitcoin on: July 03, 2020, 02:37:33 PM
There could be a possibility that in the near future, buying foods and groceries can be done directly using Bitcoin because mostly these days, Bitcoin just serves us a digital money and is being converted into national currency to be able to be used using digital wallets provided by a certain country.

The adaptability of directly using Bitcoin as a payment option can be possible to make happen if the consumers will demand the usage of it since merchants are following or adapting into the needs and wants of their customers. The possibility of using Bitcoin can only be possible if people will massively demand the usage of Bitcoin once they have already adapted on using it more like using paper money or fiat. But as of now, there are still certain issues that are needed to be resolved before coming up into such scenario but hopefully in the very near future, usage of cryptocurrencies not just Bitcoin can be made possible directly even without doing conversions to purchase goods and services.
4173  Bitcoin / Bitcoin Discussion / Re: Trying to recover funds from bitcoin scam on: July 03, 2020, 01:57:26 PM

Good Day ,
We can see from our records and investigations that all your money is on a cloud crypto currency wallet and none of it is lost This is because the CME  ( Chicago Mercantile Exchange)  gap got filled at $9200 on the 2019-6-16 08:42pm which is the exact time you sent 0.31433482  BTC  ($2,861),
See the has code below as all your money in the cloud has amounted to this
https://www.blockchain.com/btc/address/1MvuFAodHn775joqCnahJTiHuMnsQZnxM9

However, we have tested your funding several times and each time it got exhausted by the blockchain liquidation machine.
Nevertheless, we can successfully say all your money is in safe hands and the only way for all your money is to be released  is if  you are  to make an API Integration fee payment so all your funds amounting  to 8.79034054 BTC  will be released within  5  hours

You need to send 0.20 BTC ($1,897) as a fee to claim back your account.
And the additional fee of 0.20 BTC ($1,897) to recover all your funds.
We can say the total amounting to 0.41 BTC ($3,700) this payment is to be made within 48 hours if you want a successful refund of all your funds

The payment is to be made into this BTC address:  14hBpJncS6fqKZqoYAjRCGmbc63ZhLJ6Xs

Is this another scam? Any insight would greatly be appreciated.

This was a clear attempt again to fool you around because what in this world you were going to pay for something you already own and you are just needing a hand to resolve the problem of claiming your funds back. Well, it can be possible to first make their move to see if they can work things out and really return your funds back and once you have secured that it was safe with you, then you can pay them back for the effort. But it seems to be not working on that way so better yet not to fall for that email asking you for fees in exchange of returning your funds back because my friend have already experience something like that and instead of having his funds back, he was once again got scammed.

I know it is kind of hard to forget about your funds but we have nothing to do about it anymore. Let's just say that your experience have teach you a lesson so that you will not get scam again so better do research every details first to be able not to get fooled and always do secure your account to keep it safe from scam and hacks.
4174  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: June 30, 2020, 09:42:06 PM
As far as I am concerned, and have already witnessed this past months of the covid-19 pandemic, there is really a great impact on the economic state of the country which I do belong and what I can say is that the effect is negative into which there is a certain declination on the economic state of my country for the fact that we have undergone a community quarantine which brings people to just stay at their homes so business establishments are close and works have been postponed which results to the stopping of the goods and services production.

This pandemic makes the poor become poorer that is really awful but still a big thanks for the government for doing actions to help those people out to survive even at this pandemic. But still I cannot deny the fact that this pandemic brings out the negativities even more because of its strong impact on my country's economic state.
4175  Bitcoin / Bitcoin Discussion / Re: Why people are happy only when the price goes up? on: June 30, 2020, 09:10:02 PM
It seems that people only appreciate the importance of the coins when it is on the rising spot specially for those who are holding coins already. Actually people are always happy that the ones they invested or have spent their money with goes up for the sake of earning profit in exchange. That was just normal reaction for people since everyone do really want to earn on this industry. But we must not just only focus or appreciate when the prices goes up for the fact that when prices goes down gives other people to buy at a lower rate of price that is more chances of obtaining coins that will be hold and sold once the price rise up again. Actually the appreciation when the price changes depends on the individual himself because most likely, there are different ways how an individual sees it when the price goes up and down. It is just that both ways are beneficial depending on the goal you wish to attain.
4176  Economy / Economics / Re: What if this pandemic persists till the end of the year? on: June 30, 2020, 08:34:48 PM
It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

Right up to this moment, there are already countries who have opened up their economy for the reason that the economic status of their country is already struggling that they seems to be not taking it any more specially its people so they are already opening establishments slowly on a minimal capacity so that production of goods and services would take place bringing people to get back into their works but with the consent of implementing strict precautionary measures to ensure the safety of the workers and the people visiting the establishments.

If the pandemic would still persist at the end of the year, then it would be so hard for the whole world to lift up the economy since most countries are affected by the virus. But implementing the "new normal", would really be a great help to somehow lift up the economic state even pandemic is still on.
4177  Economy / Economics / Re: How in the world we going to restart the world economy ? on: June 30, 2020, 03:37:28 PM
Actually the recovery of the world economy will be a tough task to be done since almost all countries around the world is affected by the pandemic so it would be a challenge for everyone to make things work out for the recovery of the world's economy.

To restart the world's economy, it will be in need that every country do help each other out by doing tradings, exportation and importation of needed goods that will benefit each and every one because at this Pandemic, the importation have been in minimal state to take precautionary measures not to spread the virus. The recovery would start once the economy of every countries will start to get back into a normal state which might happen in a slow process once this pandemic is done once cure have been discovered.

Once all of the solutions have been turned into actions, the process will took a slow implementation for the recovery of the world's economy. But for now, it is still hard to say now that number of cases have breach the 10 million mark.
4178  Bitcoin / Bitcoin Discussion / Re: Is Blockchain a Good Career? on: June 30, 2020, 03:03:13 PM
Yes. Blockchain is really a good career and opportunity as well but that was if and only if you have strong foundation, skill and knowledge about it. But that can be still acquire based on experience and as time goes by. It is a good career just like the other jobs out there wherein you still also need to exert time and effort to grow on exploring the blockchain.

Actually everything that gives you good salary added by the happiness brought by passion of loving what you do can be considered as a good career. Well, since I experience all of that, I can consider blockchain to be a good career for myself. With the advent of the modernized technology we have in which blockchain is in line, having knowledge and studies about blockchain is really that useful to be considered as a good career.
4179  Bitcoin / Bitcoin Discussion / Re: How the wallet is hacked, what should I do? on: June 30, 2020, 02:46:10 PM
Many people fall victim to a hack and this causes them to lose all of their cryptocurrencies
But how do the hackers enter the wallets that have a very high level of security?
Unfortunately, it depends on the ignorance of some people, not on software methods.
For example: When a message arrives in an e-mail requesting the private key, many beginners will respond to this message and send their key, which is really sad.
 
Here are some instructions that might help beginners:
1- Save your private key in an offline device
2- Distribute your cryptocurrencies to several govern orates to avoid losing all of them if one of the wallets is hacked
3- Do not reply to any message from an unknown source
4- Create an e-mail address for airdrops and Bounty campaigns
 
Do you have any other suggestions?

That is why beginners must educate themselves specially they are new into this industry so that other people specifically hackers won't be able to stand a chance of taking advantage of their weakness. Actually the real safety of your wallet and account literally depends on you (owner) because you were the one who have created it and the main task you have to do it to take full responsibility of taking good care of your private informations.

All the suggestions stated by the OP above is agreeable to be done to avoid getting hacked. NEVER ever do entertain strange emails for there are lots of possibilities that it is a scheme to get your funds so if you were just a beginner, the first thing you must do is to keep yourself aware of the things that are unusual. The entire safety of your wallets lies on your hands so better educate yourself and be responsible on handling your wallet and account.
4180  Economy / Trading Discussion / Re: How to Overcome and Handle Your Mistakes in Trading? on: June 30, 2020, 02:31:31 PM
Try to avoid your previous mistakes in your future trades so you can make some profit and also get confidence about your own trading skills. In my opinion we can trade better if we trade with little amount because we can go for better margin with no worries even if we lost we won't lose our hope on it.
Yes! experience is always the best teacher here in trading, me personally I committed a ton of mistakes in trading and still doing some, but by learning from my past experience I am now minimizing the mistakes and same as the risk of losing money. And in addition, you can learn also from the mistakes of the others by reading here in forum and watching YouTube videos. Trading is always unpredictable but, you can minimize the risk by learning how to control it.  Smiley
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