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July 01, 2022, 08:27:50 PM *
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1  Economy / Economics / Re: Uganda’s gold discovery: What it could mean for crypto !!! on: Today at 11:46:24 AM
It is hard to react to something which appears to be highly exaggerated. This has yet to be ascertained. So without a solid proof of its existence, this is nothing but a mere rumor. Or perhaps a wishful thinking on the part of Uganda. For now, it is more unlikely than likely that there is indeed 31 million metric tons in gold ore, whose equivalent is approximately 320,158 metric tons in refined gold, under Ugandan soil.

But if it's true, then it must be a good thing. The world needs gold and it surely helps a lot if it becomes much more affordable.
2  Economy / Economics / Re: Why did the crypto market crash in June 2022? on: Today at 10:50:17 AM
I would have merited this had I not seen the promotion at the bottom. I'm not saying the promoted exchange is not worth trusting, though. It's just that it's unknown.

Anyway, I agree that what's happening with Bitcoin is something that is not particularly Bitcoin-focused. It's the much wider macroeconomic situation right now that's pulling it down. It's not just some major countries or regions but the entire world that's going through a hard time. But once the rebound takes place, I guess we can expect Bitcoin to outperform the rest of the market.
3  Bitcoin / Bitcoin Discussion / Re: Will you be in favor of Gold or Bitcoin !! on: Today at 10:12:25 AM
It's hard to just favor one and completely disregard the other. If I were to choose, I'd choose both. But suffice it to say that I'm not investing in gold right now. It's just that while there is indeed abundant gold in this world and even outside, I don't think it will lose its value in the next hundred years.

Anyway, I agree that Bitcoin isn't really comparable to both gold and diamond. In the case of both, I believe the earth won't be running out of supply even in the next centuries. With Bitcoin, everything's fixed. And it will run out at some point.

I don't agree with what the Deutsche Bank analysts seemed to imply, though, when they said that Bitcoin is more like diamonds in that it is "a highly marketed asset" rather than gold because the latter is "a stable safe-haven commodity." If we remove all the marketing in Bitcoin, it doesn't cease to be popular. The only difference is that its supporters would highly be populated with people who really believe in the technology rather than in a bull run.

Finally, $28,000 by year end is too low.
4  Economy / Collectibles / Re: [FREE RAFFLE] MYBITS SERIES 2 SET on: Today at 09:41:48 AM
91- Darker45

Please and thank you!
5  Other / Beginners & Help / Re: Centralized Exchanges and Government should be avoided on: Today at 09:27:42 AM
...i know quite alright that centralized exchange isn't the best option for use because they can't be predicted from not having a link with the government in securing users privacy and data linkage...

On the contrary, they can be predicted to be working with various government agencies as situations demand. They are licensed and registered companies and, as such, they have legal obligations. These obligations include the submission of personal information to the authorities upon request.

However, we also have to admit that crypto adoption, to a certain extent, means the proliferation of centralized exchanges and other crypto-related businesses. In a way, a successful collaboration between the government and crypto will mean that somebody or a legal entity will have to come out and deal with the government.
6  Other / Beginners & Help / Re: Fear of losing my coins grabbed me by neck on: June 30, 2022, 06:26:17 AM
I have been using mobile wallets for years and so far nothing untoward has happened. Perhaps you only need to choose a wallet which is both open-source and non-custodial. Of course, the level of security is lower for a hot wallet compared to a cold wallet. But for the meantime, while you have yet to secure yourself a hardware wallet, it's best to take note of that.

Also, avoid saving vital information in your phone as you're probably connecting it online every now and then and undesirable entities could get access to those files. So instead of copy-pasting your private keys in your mobile device, it's best to just manually write it down on a piece of paper, make several copies, and keep them in different safe places.
7  Economy / Economics / Re: Biden announces $200B U.S. investment in global infrastructure at G7 summit on: June 30, 2022, 05:33:13 AM
In my view, the US has to step up. This is long overdue. They're already lagging behind in this area of competition. China has done so much lending all over the world. They've already built so much, from airports to ports to bridges to roads and highways to communication networks and all. China's traps are already set in all continents of the world. And where these loans are granted and these projects built, China is already holding them by the neck. The US needs to do a lot of catching up.
8  Bitcoin / Bitcoin Discussion / Re: Should the physically challenged be exemped from bitcoin? on: June 30, 2022, 04:29:00 AM
shouldn't we consider them having the same equal right to enjoy the benefit use of bitcoin?.

Well, it may not be a matter of right, but I agree that they should also be given access to Bitcoin and enjoy its benefits despite their challenges. But I must admit that they'll probably be having a hard time especially the blind and the dumb. The deaf and the mute can easily make use of Bitcoin, though.

In general, however, while there are laws especially made for this particular sector, many of which are like lip service, at least as far as my actual observations are concerned.
9  Economy / Gambling discussion / Re: Is it possible to control Gambling behaviors? on: June 30, 2022, 03:40:34 AM
I don't think so. I don't think those gamblers who are facing severe addiction problems can address these problems all by themselves. I really don't think they can manage to control, much less end, their addiction if left unassisted. That's why there are professional interventions for these people because putting an end to gambling addiction can't be done by somebody who doesn't have enough background in combating addiction problems.
10  Economy / Exchanges / Re: Coinbase is Detaining My Bitcoin Past the Withdrawal Date on: June 30, 2022, 03:11:30 AM
You've got no choice but to contact their support.

I'm afraid this is still related to the ongoing mass withdrawal from exchanges. This has caused severe liquidity problems among them to the point that a number of them were forced to implement withdrawal freeze. These are extreme measures probably adopted by exchanges, first, to avoid a worsening exchange run and, second, because their wallets are already running dry.  

It appears Coinbase has a unique approach, though.
11  Economy / Gambling discussion / Re: To build your Professionalism on casino on: June 30, 2022, 02:43:07 AM
What does success mean here? If it means that you will lose but only moderately, then I agree. But if it means that you will profit from gambling, I don't agree.

If success in gambling is defined as making money or earning profit, I don't think it's easily achieved. Only a very small percentage of gamblers are actually making money. The rest are losing.

Success is rare if it's defined that way. But if it is defined in terms of how much fun the gambling experience is, then a lot are indeed successful.
12  Economy / Gambling discussion / Re: Self Exclusion on a National Basis, Australia 🦘 on: June 29, 2022, 02:51:52 PM
I've always been a fan of self-exclusion. It may not really be a solution to gambling addiction but at least those who feel that they're already doing it too much have an option.

As a matter of fact, in addition to self exclusion, all countries should also implement policies which grant requests from family members that a gambler from their family be banned from casinos. After all, it is really hard to rely on addicted gamblers to voluntarily exclude themselves from casinos.
13  Economy / Economics / Re: The Russian Federation may be about to make a "Corralito" on: June 29, 2022, 02:20:40 PM
And some people are still happily proclaiming that the Russian ruble is the world's strongest currency as if everything's not artificial and fake. All these extreme totalitarian measures are the reasons why the country's currency is still breathing. Without all these controls, it will crash.

So it's not a maybe for Bitcoin; it is the answer. Unless perhaps if they are already brainwashed to the bones that they think it is wiser to save in ruble than Bitcoin.
14  Economy / Gambling / Re: Alternatives to 1xbit on: June 29, 2022, 01:48:55 PM
There are so many to mention when it comes to 1xbit alternatives. Even the most unpopular casino is an alternative to 1xbit for as long as it isn't a scam. 1xbit is a scam so whatever casino that is honest is an alternative.

But to make the list a bit shorter, the likes of Stake, Sportsbet, FortuneJack, Roobet, and others are casinos and sport betting platforms at the same time. So you might want to take a look at their track record and visit their sites.
15  Economy / Economics / Re: Russia is taking over Ukraine’s Internet on: June 29, 2022, 01:25:36 PM
Elon didn't try to be a hero; he simply wanted to help. Ukraine is actually helpless without the help coming from everyone from everywhere. Elon is just one of them. It so happened that Elon can do a lot given his position. He has a lot; he can give a lot.

I don't agree that Elon's Starlink isn't a viable option. That Elon isn't liked by many doesn't mean his help for the Ukrainians isn't appreciated. His help has been vital. I'm sure the Ukrainians are very happy that Elon has come to their aid at the time they needed him most.

Of course, Russia is more than eager to get hold of information dissemination tools like the internet because that's the primary tool for their mind-conditioning operations.
16  Other / Beginners & Help / Re: How merits spread started? on: June 29, 2022, 12:34:54 PM
Thanks mate for a well detailed explanation! Now i know that Merit were made out of a source code right? like programming a very complex program. Now the airdrop thing, i think i get it now how these merits started spreading in the forum, how i wish i was able to know this forum earlier hehe but i know that this is just the beginning and soon will rank up Smiley

Everything's implemented through codes. But there's nothing too complex about it considering that merit in the beginning was given based on rank. Indeed, lucky are those who arrived in the forum and had built up their rank much earlier. They didn't have a hard time ranking up. Ranking was as easy as making posts years ago. Now, new users will have to prove their worth before ranking up. To some, it's next to impossible to reach the highest rank. To some, it's almost effortless. While it may appear unfair, it makes the forum better.
17  Bitcoin / Bitcoin Discussion / Re: El-salvador bitcoin investment is underwater on: June 29, 2022, 12:08:55 PM

Exactly. El Salvador's President knew what we was going to get into. Otherwise, we wouldn't had invested into Bitcoin in the first place. Bitcoin's been shown from time to time that it always goes up after a long-standing bear market. This is the moment to buy more Bitcoin, not to panic.

Only long-term "hodlers" will see the benefits in the future once everything goes back up again. Haters will always criticize you, but you'll be the one laughing at the end as Fiat collapses due to inflation. Who knows if other countries "mimic" El Salvador's decision to adopt Bitcoin as legal tender in the long run? Just my thoughts Grin

Haters gonna hate.

Admittedly, Bitcoin goes through severe corrections from time to time. Fiat also falls every now and then. The only difference is that for the rest of the time Bitcoin is slowly rising while fiat is continuously falling. The haters can't deny that. If we zoom out, we're seeing Bitcoin's line going upward and fiat's going downward. That's something nobody can deny.

Bitcoin's critics are free to nitpick. We've been observing that all the time. They're particularly very noisy when the market is bearish. For the rest of the time, they're wallowing in regret.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin FUD is for losers. BE A WINNER. Stay Cool- Be Positive =D on: June 29, 2022, 11:37:31 AM
There are and those people are also like you that are not new here anymore in this market. It's not that you guys are smart and they are dumb but it's just you have more experienced on this field.

You already know what bitcoin went through so despite of the crashing of its price and the entire crypto market, you still remain calm and in control of the situation. For now you are smiling because you think the central bank governor of your country knows nothing about bitcoin but what if eventually he will recommend to completely ban the use of bitcoin and cryptos in your country? I don't think you can still smile after that.

Uh oh, I don't think that would stop me from smiling. It's going to be more interesting. Let him do that and we'll see how it will work out. It would really be interesting. I'm really looking forward to how it will be accepted by the rest of the country. But this early, I confidently think it will not work out in their favor. They would only look helpless in such a scenario.

While the open world, especially among them public figures, may not be that friendly with Bitcoin, I'm sure it isn't the same off the camera.
19  Other / Beginners & Help / Re: When to take profit? on: June 28, 2022, 01:07:11 PM
My plan is to keep my Bitcoin until god knows when, not really thinking of taking profit. When I was new to Bitcoin, I was also thinking of taking profit. The longer I stay, the more I don't think of taking profit. For now at least, it seems I am already contented with HODLing through ATHs and bottoms. Let Bitcoin's price rise to new ATHs and fall hard when correction comes, I'll remain HODLing.

It would be a different story though when talking of altcoins. As far as altcoins are concerned, take profit as soon as it is available.
20  Economy / Collectibles / Re: [FREE RAFFLE] 485th- ฿ECAUSE I AM STILL IN A GOOD MOOD-MOPAR MINING ERROR CHIPS on: June 28, 2022, 12:41:39 PM
4- Darker45

Please and thank you, krog!
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