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281  Economy / Speculation / Re: Is it bearish season yet? on: March 07, 2021, 01:37:21 PM
Analyzing the charts of any asset isn't always about looking at the color of the candlesticks as that is just simply too plain for you to make out of any conclusion. If you wanna determine if the crypto market is in a bearish period just take a look at the chart of the market leader which currently is Bitcoin and look for its volume and RSI and you will see that the market is not on a bearish period. Volume is so-so and it will tell you that nobody is offloading (at least massively) their position. The RSI as well will tell you that surprisingly it still on the overbought level confirming that nobody is still selling Bitcoin up to this moment. In order for you to determine if the crypto market is in a bearish period you need to see that Bitcoin's trend is on a reversal and instead of going up it is now going down together with increasing volume as it is going down.
282  Economy / Trading Discussion / Re: A book to read on when to sell (before a crash) on: March 07, 2021, 01:08:44 PM
First of all, crashed did not happen in 2017, it happened in 2018.

*A crashed did happen in 2017 to give you specifics just when Bitcoin has reached its ATH in 2017 which is around 19,600$+ on December 17 it started to fall down at that point if you wanna correct me just provide me a chart which will prove me wrong.

@OP if you are looking for a particular book about crypto trading I would advice you not to do so since books about technical analysis would be enough for this one since analyzing both charts of a stock and a cryptocurrency is all similar. Books such as Technical Analysis of the Financial Markets by John Murphy and Encyclopedia of Chart Patterns by Bulkowski are something that I personally have read and they are both noob friendly books IMO.
283  Bitcoin / Press / Re: 2021-02-02 FT - Bitcoin cannot replace the banks on: March 07, 2021, 11:34:37 AM
Need to find an alternative source for reading the article since you need to subscribed in FT in order to read it and I found this one.

One argument in favor of buying and holding bitcoins is that cryptocurrencies will eventually replace banks themselves, as their money transfer and storage services will no longer be needed.

I don't know why until now people are focusing on the storage and transferring segment part of the banks' operation as if this is where their main revenue is coming from when in fact this is just a small portion of their operations. Bank's aside from storing your money as well as transferring them to other bank accounts also do other services such as handing out loans may it be personal or commercial uses as well as do services such as underwriting companies which gives more profit to them compared to what they are doing to your money. Other businesses have competed with the storage/transfer part of the bank such as Paypal yet it didn't destroyed the business of any bank as they aren't really exactly competing to all the services done by a bank at all.
284  Economy / Gambling discussion / Re: Stake.com announces Israel Adesanya as their Global branded ambassador on: March 07, 2021, 09:58:23 AM
Unfortunately "our" Stake ambassador lost his first fight of this partnership, I don't really understand why Stake chose this guy actually, a lady like Amanda Nunes would have been a more original, modern (and smarter) choice IMHO.

Before his first loss he was
-undefeated
-KO specialist
-has huge potential

So I think for someone who is fun to watch with anyone looking for a star/celebrity as a endorsement won't go wrong with him. Now the risk of signing a sports star is of course his success in the sport he is in and I don't think you need to blame Stake on signing him right before his first loss. I have watched the bout and this match reminded me of the first match of AJ and Andy Ruiz not because Jan Błachowicz is like Andy Ruiz but Adesanya surely is like Anthony Joshua during that match. He was like AJ in a way where he wasn't himself or you will see that he has no confidence during the match he simply wasn't in his game this time and I think that is one of the biggest reasons why he didn't pull out an amazing win.
285  Bitcoin / Project Development / Re: CoinHub - A cryptocurrency news and information wiki on: March 06, 2021, 04:16:04 PM
Hey there OP it would be better if you call/classify your website as a new curator website as just by reading the few headlines you have I can see that the news came from different sources mostly are curated through Coinmarketcap's headline page which even them have the liberty of citing the original article at the end of their post. This is better for you to avoid any kind of plagiarism charges against you since they aren't really your own words in the first place. Any way news curation is something that users use so if you don't have the capability of creating your own news just become a new curator in the proper way.
286  Economy / Scam Accusations / Re: Crypto scam on Instagram on: March 06, 2021, 03:26:24 PM
~snip

Mate, this is only tip of the iceberg. This post consider some impatience straight forward scam. I even seen some other social media tactic. They will post some very gorgeous lady picture with some luxury lifestyle, approach you and chat with you for maybe 3-5 days or longer before getting into trading. Then they will tell you how easy they can earn money through trading and that's how they support their lifestyle. By using this sort of tactic, those victim will fall into trap way more easier because of their "GREED" and dreaming on other people lifestyle.

I've seen this strategy/style not in mainstream social media websites but to dating apps like Tinder which is funny since the accounts of these scammers are probably using stolen pics to get your attention and they will right away ask you about their knowledge in crypto trading. The more you don't know anything about cryptocurrencies the more chances you will be scammed by these people. These guys are targeting people who lack knowledge about the crypto industry and the ones who think easy money exists and this won't really stop that is why educating people who you know is something we can do to decrease the people getting victimized by these scammers.
287  Economy / Scam Accusations / Re: Crypto scam on Instagram on: March 05, 2021, 03:52:57 PM
Sheesh I know for a fact that messaging apps like Telegram and (more recently) Discord is bugged by these scammers as well as social media site like Facebook but I didn't know scam attempts also happen in Instragram where the main content is supposes to be pictures since I don't have any other social media accounts besides Facebook I would only assume that this is more prevalent in Twitter based on what I have seen in the past. I mean at this point anything that would connect you to a stranger has a risk of it being targeted by any scammer. I know services like this are constantly upgrading their security in order to avoid their users being scammed at by the user of their platform but they can't really remove everything so really the first line of defense should be coming from us the users itself, we should always practice our internet security as well have a mindset of if it is "easy money" then it is most likely a scam.
288  Economy / Economics / Re: Bitcoin after the pandemic on: March 05, 2021, 02:23:07 PM
You are surely over-crediting the pandemic as the main reason/factor why Bitcoin suddenly became bullish during the start of the outbreak when in fact the bullish period for Bitcoin was long overdue on its market cycle. Let's not forget that during March when the COVID-19 started to affect everyone even Bitcoin was affected together with the stocks and other equities its just that Bitcoin quickly recovered and that is when it gained momentum. The things you are saying right now that people are starting to recognize Bitcoin is just coincidental on the bullish period as this is when new comers starts to buy Bitcoin in order for them to participate, this happened during 2017 and is happening again now.
289  Economy / Speculation / Re: Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time on: March 05, 2021, 11:30:27 AM

The recent data shows that the Chinese Bitcoin miners have decided to accumulate BTC instead of selling during the price crash.

Other sources supported that miners did sold some of their Bitcoins even before the point where Bitcoin surpassed the 50,000$ mark now the data suggest that they have started accumulating again which I think the miners are looking for more gains in the future. With the miners out of the way in terms of offloading their position we only have to think about the whales and institutional investors which we haven't seen or heard any news about them doing a massive selling which they can do just to short Bitcoin out.
290  Bitcoin / Project Development / Re: [International Donate] Building rice farms in the Philippines Funding goal 0.2B on: March 05, 2021, 10:18:06 AM
~snip
I asked him and he said he knows about it but it's very hard to get, mostly only for big farmers.

I don't think that's true since if they are already "big farmers" then I don't think they are qualified to get land grants as this privilege is for people who can't buy their own lands.

Here are the requirements your friend need in order to apply for a land grant.

Talabis said the requirements for the application of agricultural free patents are as follows:
• Duly accomplished application form;
• Tax Declaration, Deed of Sale, Extra Judicial Settlement or Waiver of Rights;
• Certification from the Municipal Circuit or Regional Trial Court concerned that there is no pending land registration case involving the parcel being applied for;
• Approved Survey Plan with Technical Description or Form V37, if covered with isolated survey;
• Certification of status of land from the Land Registration Authority, if the municipality is under cadastral proceedings or if there is an old survey (Private and Original Survey);
• Certification that the land applied for is alienable and disposable; and
• Documentary stamp

It might look a lot and overwhelming since this are several legal documents needed by the farmer to get and he might need some assistance for him to obtain everything especially he needs to worry about the pandemic and all. But I think the reward of having a free land as well as cutting their cost on buying one is something that he needs to target in if you want to save money and all.
291  Economy / Trading Discussion / Re: Caution: Don't get carried away by social media vibes while trading on: March 04, 2021, 09:01:24 PM
Misinformation will be a lot when it comes to posts/messages being created by other users as usually what you will see is either with biased or just a false information created by these users to hype people up. The good thing about this is you always have a chance to do your own research (DYOR) if what they are saying is true or at least useful to your trading plan. This is literally what separates you from the rest of the herd since most of them will just scroll and read these posts and just do a decision believing it right away which may lead you losing some profit or wasting a good opportunity. That is why after you read something you must find out if it is true or it checks out with what others are saying.
292  Bitcoin / Press / Re: 2021-03-03 Coindesk - Warren Says Yellen Left No Room for Ambiguity on: March 04, 2021, 07:13:34 PM
What's the hate on their opinion? Can't we accept the fact that the holdings we have in Bitcoin is more on speculation rather than a real investment? People are always hating when Warren Buffet says something neutral and true about Bitcoin yet a lot of the people in the crypto industry takes it us negative when all he is really saying is Bitcoin is a speculative asset. For sure a lot of people will say if Bitcoin is "speculative" then why Elon Musk and companies like Microstrategy are buying Bitcoin? Well they are risk takers and with the money they have they can easily influence the market which Musk already have proven when he had bought Bitcoin. Let's just face it without any kind of fundamental existing with Bitcoin aside from supply and demand we really don't have anything to make Bitcoin not a speculative asset.
293  Bitcoin / Project Development / Re: Hypothetical question for a developer on: March 04, 2021, 04:12:14 PM
This would be a bad idea if they do so, a deliver/logistics company creating their own token for the sake of using their business is something that would just split their market share if they have one. Just think about them having a business only to have one kind of payment system just for their whole blockchain back logistic system to work, it would just make the customers look for elsewhere. If you are thinking about implementing blockchain technology for your delivery company I would suggest just do it within your system and not make it as a payment method as like what other companies are doing right now filing their own patent for their own version of blockchain just for their businesses.
294  Other / Meta / Re: Should all scam busting techniques be made public? on: March 04, 2021, 03:43:39 PM
I think this is the negative side of putting up a scam accusation/reputation thread is that you also come up to how were you able to bust the scam down because without providing enough evidence then you won't really put up a convincing story against who you are accusing.

You have to be able to provide evidence and people should be free to try refute it if they can (and sometimes people do get it wrong or use faulty logic or evidence etc and that's where others can chime in with their opinions or more evidence). Imagine you went to court being accused of something and they didn't show their evidence but just told you you were guilty. That wouldn't fly. If we had a hidden board here it would just be some sort of shady secret court and if someone has done something wrong then it should be exposed and you naturally have to lay out your evidence as part of the process.

This is my whole point, that if you want to accuse someone you must provide evidence for it and in the process of providing that evidence is you also need to provide on how you get there that is why all scam accusations and reputation thread is giving a lot of information even if this information is public and has the potential to make scammers avoid doing the same mistake all over again. On the idea of having a hidden board for busting out scams is something that won't really cut it for anyone even if they provide the same information and only a few people will see it, it would be unfair for the accused to not answer or rebut on what the accuser is saying to him, basically it would be a 1-sided way of having a negative feedback.
295  Bitcoin / Bitcoin Discussion / Re: I was invited to speak about Bitcoin to financial management college students on: March 03, 2021, 07:13:24 PM
Well that's great and I may have a suggestion for you. Since this is a Financial Management students attending your talk maybe you can a ask a few questions first before you start, questions where you will know how many people in the call are familiar with Bitcoin and what do they know so far so you will have a chance to find out on how you can start your lesson with them. When I was a student and I have attended one of these talks the speaker talk about things I already know with Bitcoin so I really didn't learn anything and I felt like it was just a waste of time for me. Some of your listeners might feel this way and become disinterested so ask a few questions first or better take a survey from the attendees before the talk so you will know how you will present.
296  Economy / Exchanges / Re: coinbase wallet app - token convert - tax event? on: March 03, 2021, 03:48:42 PM
Hi,

coinbase wallet app (not the trading platform, but the separate wallet app) recently introduced a new function that allows conversion between erc-20 tokens such as usdc, dai, etc.. 

my question is 1) does this actually get reported to irs like the trading platform does when you make a trade.  I assume no since the wallet is anonymous, they cant really report it.  2) is this considered a tax event by irs? if i convert say from usdc to dai, it's just a 1:1 conversion, do i have to report it to irs



Yeah this kind of feature within the wallet is still considered as trading as you can profit from these kinds of conversion even if it didn't happen in a trading platform. As long as it doesn't involve in the normal operations of crypto which is sending and receiving the crypto itself and it involves selling/buying/trading the crypto you will be incurring taxable income. And yes this kinds of conversion should be reported to your proper Taxing authorities so you need to keep in record of the conversions you are doing within the app as proof and documentation of the trading you are doing.
297  Economy / Economics / Re: Can the world be without poverty on: March 03, 2021, 02:54:33 PM
Nope there will always be a hierarchy in our society as that is how the economy works. Even if you give all people jobs and raise the minimum wage or just increase the wage in general the supply and demand, and inflation will always adjust to this thus the ones who are receiving the benefits will only experience a short and temporary improvement in their state of life. Poverty is something that can't be eliminated and the ones at the top and running the world is making it happen, as long as this system exists nobody can eliminate poverty.
298  Economy / Speculation / Re: PayPal to Buy Crypto Custody Firm Curv on: March 02, 2021, 08:32:16 PM
I guess an article made by Bloomberg makes this rumor have traction but the funny thing about it is their source of news is the Coindesk article they did however attempted to create a private line of inquiry for both of the parties which both of them declined to make any comment so we can't say if Paypal is the strongest candidate to buy Curv. With regards to Paypal's acquisition attempt if it is true, Curv is a company centered in cloud security so if Paypal is trying to obtain the company it might just be their way of integrating the whole system of Curv in one of their existing businesses which they have done in the past.
299  Bitcoin / Bitcoin Technical Support / Re: Just was robbed on: March 02, 2021, 05:55:22 PM
My both Wallets were offline, i didn't have any online backups.
So I thinking that 21.02 I was installing a miner, and maybe Phoenix miner or something different I downloaded.
I will scan my computers using SysInternal Autoruns, it have very good ability to check against VirusTotal all files that starts with system.
I think it was some single run app used to stole it.

No your wallets are not offline even if your cryptocurrencies is stored in desktop wallet as long as your computer is connected to the internet or is used for other purposes online then your wallet is still counted as an online wallet. This is one of the bad things on having a crypto stored on a multi-purpose computer as the risk will always be there as long as you are connected to the internet. Maybe the next time you will open an executable file scan it first to see if it is clean as you will never know if you are downloading a file that is vulnerable or a fake one. Also a lot of mining programs are having false positives when it comes to detections on anti-viruses so there is a chance it is not one of those files but from other downloaded files you have.
300  Economy / Trading Discussion / Re: If the US disable bank transfers then all other region will be forced... on: March 02, 2021, 03:58:33 PM
If banks are disabled to transfer money then rest of the world will not find any other solution to transfer their money in the US except using Bitcoin or USDC/USDT, to buy USDT or USDC they will be forced to create their own cryptocurrency because they would need to pay much more if they do not create their own currency or stable coin. It is because if you buy crypto like USDC with fiat, you pay $120 or more to buy $100 worth of cryptocurrency or stable coin so they will be forced to create their own.

This isn't true, in our world today we don't only have bank transfers and crypto wallets as means of sending and receiving cash. Since even before Bitcoin was invented there other businesses such as remittance centers like Western Union which is a good alternative for banks during that time, I believe this was the preferred option by friends and relatives who want to send money overseas. Other than remittance centers there are now wallets apps from big companies like Samsung and Apple and also Paypal which also have a global presence with their service so if you are thinking that bank transfers being banned theoretically will boost the price of Bitcoin then think again because there is a lot of alternatives that will come in mind first for these people rather than seeking cryptocurrencies as a alternative.
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