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561  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Time to get back into mining? on: October 27, 2019, 12:46:16 PM
It depends on your method of producing electricity to run the computers and so if green energy is being used then costs will be lower. Also, a lot of power is consumed to keep everything running cool. In cold environments this isn’t so much of a problem as they can pull in cold air from outside. the cost of maintenance and the cost of the physical space the mining rigs use, should take into account.

There are also other factors such as lifespan. all mining gear becomes less effective over time due to the ever increasing difficulty of most blockchains. In other words, a mining rig that can mine 1 ETH per week now might only be able to mine 0.5 ETH a few weeks later. when we are in a bull market, even relatively slow equipment with expensive running costs can make a small profit, despite the current gloom (especially for alts), I think it is very likely that the market will start ticking up again eventually, so best time for mining again.
562  Alternate cryptocurrencies / Altcoin Discussion / Re: HODL&CALM on: October 27, 2019, 12:09:56 PM
HODLing for a while and going to HODL even more. the reason is quite obvious, the market is in deep down, next halving is coming and crypto is coming to mainstream adoption, however slowly. i consider myself a long-term holder and hardly ever check the daily price fluctuations. I am in it for the technology and believe we are experiencing still early days for Crypto and Blockchain before reaching a global exposure.

But depends what type of investor you are, you could be a trader. If you are a trader, i highly recommend always HODL a valuable Cryptocurrency such as Bitcoin and Ethereum, then with others such as Bitcoin cash, Bitcoin SV and TRON go to trading depends on the market, and as a gold advice don't get sucked into FOMO buying and purchase a coin after it's already had a 20% gain. Instead, wait for the market to crash and only buy when you think it can't crash any further.
563  Alternate cryptocurrencies / Altcoin Discussion / Re: Nothing new. on: October 27, 2019, 11:21:13 AM
I am really interesting blockchains and side chains that are technically immutable to quantum computing, because there's actually a common miss understanding that quantum computers will out do blockchain tech, for more information everyone should check out Quant, there's also a few projects as well that are QC proof but All Crypto ecosystem should be spearheading that tech as well.

I think Blockchain is not a big thing (yet), businesses recently are recognizing that the underlying technology for Bitcoin, which is the Blockchain, is a more efficient and effective way to transact not only just financial data but other information as well. Chronicled will be the next big thing after block chain technology, but first we need to put more emphasis on getting blockchain out into the world before we worry about "nothing new" because blockchain has yet to be fully adopted by the public.
564  Alternate cryptocurrencies / Altcoin Discussion / Re: Wallet list for AltCoins <100+ AltCoins Covered> on: October 27, 2019, 10:52:28 AM
Instead use many wallets for storing many coins, use only one wallet for storing multicoins. One of the best wallet for storing Altcoins is atomic wallet. It supports over 300 cryptocurrencies, any ERC20 tokens and most of the top 30 assets on the market with different blockchains. this wallet is secure and provides your a cryptocurrency exchange and buy crypto with a bank card.

As another option I’d recommend Exodus. it's a great wallet with a fantastic user experience, and plus support team. but with any large amount or Crypto you hold, it’s best to keep it on a hardware wallet like Trezor or Ledger Nano if you can. they support ERC-20 tokens, so you can hold a lot of Altcoins on there.
565  Bitcoin / Bitcoin Discussion / Re: China's President Xi Jinping VS Bitcoin on: October 27, 2019, 10:22:03 AM
I would like to discuss whether you think this is Xi hidden message to the world that they are able to make a perfect cryptocurrency than Bitcoin?
If China will find some way to make Blockchain authoritarian, that's a danger idea and blockchain become worse for freedom and privacy than any currently existing currency. one great thing about cash is that no one needs to verify it for the most part, but imagine EVERY transaction you do having to be verified digitally. If that authority is coming from the Chinese central bank, all of your transactions are suddenly trackable with no options out. everything you ever buy or sell will be recorded forever and trackable. that is frightening.

But i think Xi is talking about all types of business, for instance healthcare and education, being integrated with Blockchain tech in some way, and i feel like anything that educates the masses on Blockchain tech is good for bitcoin.
566  Alternate cryptocurrencies / Altcoin Discussion / Re: Market is Not Ready for Libra on: October 27, 2019, 09:27:35 AM
I have been trying to stay optimistic about Libra, but I’m afraid it won’t be even a real cryptocurrency after all. All we know for now is that Libra will be based on blockchain. That’s good, Of course, but it doesn’t make it a crypto already. it is a digital currency. It is backed by fiat and is not in physical form. Libra will be tied to fiat value. Escaping the intentional inflation of fiat is a major advantage of crypto, and Libra is only going to be good vs Crypto, if Crypto fails.

Anyone who compares a fiat-stablecoin to a real cryptocurrency is forgetting some vital information about the Crypto dream/promise. there are some specific aspects of cryptocurrency which don’t match with Libra at any point. Crypto should be decentralized, and Libra made specifically for Facebook’s purpose, won’t be. it should be trustless but we won’t be able to check specific data bout it, cause it all will be in hand of Zuckerberg. Libra is not a new concept in Crypto, i think it’s exactly the same as all the altcoins before it, a distracting money grab that is marketed towards people who don’t understand it.
567  Economy / Speculation / Re: Bitcoin price today ! on: October 26, 2019, 10:53:22 PM
Along with the whales game theory, and impact of the news (such as Bakkt), i also like Tether theory. Every time major moves like this happen there is negative headline news on Tether and Bitfinex. this entire situation is messed up because every major crypto exchange/company doesn't want Tether to fail, knowing what will happen to their business if USDT collapses.

There are over 390 crypto exchanges according to CoinGecko, of which most are dependent on USDT. Tether and partners don't have much of a choice other than to manipulate the market or go broke. USDT is too big too fail. so, Tether is back to 98% of all stablecoin volume, it hits all time high for volume and it's back to nearly 50 billion dollars in wash trading.
568  Bitcoin / Bitcoin Discussion / Re: What Happens If China Bans Bitcoin Mining? on: October 26, 2019, 09:50:05 PM
It would deal a massive blow to a series of Chinese companies that rode the crypto wave by providing mining and production tools to the industry like Bitmain . Losing those large facilities, which benefit from economies of scale, could help smaller miners compete in China, where small operations would be more likely to continue operating under the radar, and elsewhere.

This latest news out of China about mining, could well serve to further distribute hash rate and thus strengthen the network. This would ultimately be a positive development for Bitcoin generally and may directly answer one of Bitcoin’s most repeated criticisms.
569  Bitcoin / Bitcoin Discussion / Re: What needs to happen in order for bitcoin to replace gold on: October 26, 2019, 09:18:11 PM
Gold has liquidity, practical functions and scarce supply, but Bitcoin barely satisfies two of them. First, liquidity. Investment instruments need to be traded on a regular basis, but Bitcoin is very illiquid, and investors in cryptocurrency tend to hoard Bitcoin because they believe that Bitcoin will appreciate.

Second, in addition to being widely regarded as a kind of value savings, gold actually has a functional use ,  from the application of computer boards to jewelry and dental appliances, all have gold. But the only purpose of Bitcoin is to store it as money and value, and now it is rarely accepted in actual commercial trading rather than speculative trading. Third, Bitcoin does supply scarcity, which is a necessary part of maintaining value. it will only generate up to 21 million Bitcoins, which is written into the code from the first day it is generated.
570  Economy / Economics / Re: Is bitcoin volatility here to stay? on: October 26, 2019, 06:17:05 PM
Bitcoin price fluctuates so much because it is still in development phase and nascent stage, and the market for bitcoin is very small right now. however, if you just look at the past decade and compare fiat currencies there is big volatility between them. even many Crypto assets, despite their volatility, are still more stable than the local currencies of third-wrold countries.

Bitcoin will reach a stable nature far in the future when the prices went through the roof and majority of people start to trust and feel comfortable with it. It can take decades more, but it also is likely to promise some bright future ahead (percentage profit wise) as before we hit a boring stable coin we have to see some more gains.
571  Economy / Speculation / Re: Bitcoin's Latest "Fall" Was Manipulated on: October 26, 2019, 05:46:02 PM
If you know any whales, ask them! traders with a lot of money can easily manipulate the trading because they easily move prices up or down. the most notable manipulations pump and dump schemes are related to minor altcoins. It’s just simpler to change a price of the unknown small coin with a low price. Bitcoin is manipulated too, but lesser. majority of whales grabbed enough BTC earlier.

Hence it’s not manipulated completely by whales. most of the hard volatility are trader volume. the rest are whales, hedge funds and large investors. they don’t manipulate the price that much, they manipulate it then the traders do the rest of the work. the reason why Bitcoin fell from $20,000, because they whales exited completely, then sold into traders on the down trend. All they had to do was wait. It’s predictable what happens when the whales exit the market, it keeps collapsing as people panic at each level.
572  Economy / Economics / Re: Future of Bitcoins - What will happens to BTC on: October 26, 2019, 05:07:47 PM
Crypto and bitcoin won't take off until it solves the problem of scale and volatility. so something like bitcoin can't service a huge economy like the US or world, it would take too much computation and too much storage space, just imagine if there were millions of bitcoin transactions a second. some crypto has tried to address that but they still face numerous problems and can't serve as a currency.

Even then crypto won't be a real thing unless the big companies and governments get behind it. If the decentralized crypto becomes a threat then the governments will just ban it and drive it to the underground and black markets. So in my opinion the long run crypto is a bust If it can't solve the problems it faces with. but the good news is, that does not mean you can't profit off it in the short term.
573  Alternate cryptocurrencies / Altcoin Discussion / Re: Best altcoin to invest excluding ETH on: October 26, 2019, 03:44:27 PM
I recommend Tron TRX. it is another dapps platform like Ethereum, and it is stealing Ethereum market. it was at $0.25 price when BTC was at $20,000. so $0.25 could be achievable again if Crypto market continues being bullish! TRX could be a good choice as it will increase in the upcoming bull run but remember don’t buy in one shot keep accumulating in parts on every dip and leave that if it starts increasing.

Justin is really an active founder of crypto world and most active one also. tron is actually one of the few coins I think will survive at the alts bear market (if it will continue for another year) and not become obsolete. They have a cult following, great marketing, and a pretty active development team. They also have enough cash to last another two years.
574  Economy / Trading Discussion / Re: 95% fake volume :) on: October 26, 2019, 01:35:54 PM
I always check CoinGecko, since they released their Normalized Volume on exchanges and trust Score on the trading pairs. normalized volume pushes bad exchanges that fake their volume way down. just check their exchange page https://www.coingecko.com/en/exchanges and you'll see what I mean. unknown crappy exchanges are way below with their crappy reported volumes.

I think Coingecko does a really good job. very good points and I use them pretty often. one thing I think they should look into more is derivatives. derivatives volume are good indicators to how the market is feeling like, and things like bitmex liquidations and volumes are important and shouldn't be ignored.
575  Economy / Trading Discussion / Re: Where can I buy digital currency better when I only have $10,000 on: October 26, 2019, 01:14:15 PM
Could you link us to a website? this platform looks new to the community and i'm hearing about it for the first time. Everyone should be extra careful with it. we don't know yet what experiences real users may have on this so we have to be careful.

But personally, I am a big fan of Coinbase, Yobit, Binance and Kraken. I have never had any issues with either of them. they are well known, offer a lot of cryptocurrencies that are the top ones on the market and I can fault them. But for first time users I would recommend Binance, as they have a learning platform as well, and they have their own token BNB, its purchase gives such an advantage as reducing the amount of commissions for trading operations twice. Also, they have two trading modes, the main for beginners and advanced for experienced traders, and support many languages.
576  Economy / Speculation / Re: Are You Concerned On Sudden Rise of Bitcoin? on: October 26, 2019, 12:22:58 PM
However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

You could easily fork bitcoin and make it stable, But a hardfork requires majority consent and it requires no significant opposition to be succeed. because any significant opposition is able to cause disruption and uncertainty around the period of a hardfork, which will be unwelcome and troubling to businesses and users in the ecosystem. therefore users/businesses are incentivized to oppose contentious hardforks.

Furthermore i think volatility can decrease soon, specially with future markets. cryptos are still young as digital assets, almost everything can put a pressure on prices: bad news, rumors of regulation or whales. it's good to know, many Crypto assets, despite their volatility, are still more stable than the local currencies of third-world countries such as Zimbabwe, Venezuela, Vietnam, Afghanistan and Iran . For this reason, cryptocurrencies will become a safe-haven for those who have their money stored in unreliable countries’ banks around the world.
577  Economy / Speculation / Re: Bitcoin's Latest Rise Was Manipulated? on: October 26, 2019, 11:22:21 AM
In my opinion BTC is manipulation. If you and some of your friends have about 300,000 BTC between each other, and can move the market by selling off 50,000 BTC which means you can then buy more BTC for cheap wouldn't you? your answer is obvious, because it's basically free money.

I personally believe a lot of the parabolic movement in the Bitcoin is initiated by whales (especially alts), If you bought BTC a long time ago and if you hold about 100,000-500,000 BTC you can very easily cause the market to panic by selling off chunks of your BTC. Panic causes prices to dump further (like two days ago) , then you buy your BTC back plus more BTC for what you sold it as. hence, follow the whales game. i would to add a additional point that you should also consider the china news about blockchain. it was the best news for Bitcoin and Crypto ecosystem.
578  Economy / Speculation / Re: Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes on: October 26, 2019, 09:26:54 AM
That’s what the whale does. When people sell out of fear, he will buy the coin he is looking at a very cheap price. After that, he will look for a special time, to pump certain coin to steal market attention. So you need to follow the whale game. never fight with it, because you will lose. instead pay attention to the whale's movement and follow it, then you will be lucky, and don't forget to watch the price of bitcoin in December, usually the whale's movement will appear on that month.
579  Economy / Speculation / Re: Let this rise be a lesson - Bitcoin isn't strongly tied to anything on: October 26, 2019, 09:03:27 AM
As you know, every time there's a major price movements, the next day people, especially crypto journalists, start coming up with their own explanations why it happened - they try to tie it to some political or economical events in the world, statements by important individuals or organizations, correlation with some other markets, something related to mining and so on and so on.

Well, today Bitcoin went up by 14% ($1,000) without absolutely no reason - nothing important happened today that could have shaken the price so much. Let this be a lesson to people who look for patterns - Bitcoin is random and unpredictable in short terms, just accept it.
In fact Bitcoin strongly tied to the world’s biggest nation, China. it's suddenly rising today because Xi Jinping announced that China wants to dominate the blockchain industry and they want to be the leader in blockchain. This might be the biggest news in the history of blockchain. so the increase of volatility is expected after the dampening of volatility which was happening on the weekly and monthly.

Also there is another reason, Chinese whales usually do their pump and dump around December, in preparation for their Chinese New Year celebrations in January. nothing about bitcoin has changed except a rising hash rate, which equates to strong miner confidence in BTC price growth over the next six months until the halving.
580  Economy / Economics / Re: Bitcoin using or need! Vs stable coins on: October 25, 2019, 08:54:22 PM
What you say is not wrong, but there is some nuance you may be missing. With the US dollar, $1 today is not necessarily the same portion of the total money supply as it will be next year, as the Fed could create more, thus reducing the value of that dollar. However, 1 BTC will always be 1/21millionth of the total bitcoin supply. So 1 BTC in the future will be the same portion of the total supply as it is today.
 
Also, since stablecoins are centralized the trust always remains a major issues. it's good to know only 2% of Americans trust Facebook’s Libra more than Bitcoin. i think when we start seeing some reputable institutes start providing the trust factor they will definitely be the threat to the crypto currencies that exist today like Bitcoin. one of the feature of crypto currency is the decentralization which we need to wait and watch if someone can solve this problem in a stablecoin or not.
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