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1581  Alternate cryptocurrencies / Altcoin Discussion / Re: The rise of Axie Infinity on: October 17, 2021, 07:10:48 PM
Been following Axie Infinity's growth quite recently and I must say, I have to applaud the creators for their wits and their combined unrelenting efforts to keeping this game alive when most developers and founders would've just called it quits and walk with whatever they have. I guess the ever-increasing trust of the people to Axie Infinity led to its continuous, yet slow rise not only in price but in popularity which I think is fair and needed in order to create a huge following. As time goes by more and more people will play Axie and it will become a staple word in households, provided that everything works according to the creators' plan.
When you talk about "price prediction", the most common advise that someone will give you is that it's quite impossible to predict which coin is about to make massive gains, and it's true, even with a lot of research people struggle to find those "gems".


But now that we have seen such a massive move from Axie, we could at least try to find out some triggering factors that could have caused this massive rise, because we have more info right now.


What do you believe to be the key factors that could have made this price movement possible?
news is the best thing to rely if the coin will gonna rise or not, because through prediction it's quite skeptical since we are at the market which is volatile and there's always a chance for negative. Unlike news wherein more realistic because you can really see whats happening or the results and also you can obtain information and potential of the growth rate through in it.
And when it comes axie. Well yes there's a chance because that nft project is very crowded and slp as well so its not surprising if they will gonna skyrocketed in the future as they are now making correction and seems seeking for support... Just keep monitoring the growth rate and keep on eye on the support level if it shows a break out expect it will gonna make a new resistance or more.. Just stay updated on that coins so that you don't miss the opportunity to buy in the right time.
Why would you analyse SLP and AXS's price lol, that would be a waste of time. There are other assets out there that are much needed to be speculated and studied upon than Axie which you could pretty much predict by reading update logs the devs give out every now and then. I guess the people who are into Technical Analysis are just those who either would not play Axie and is there for the currency it is under, or just because they wanted to for the lols, but honestly I wouldn't recommend wasting time and energy reading and predicting what SLP and AXS's price is gonna be.
1582  Economy / Gambling discussion / Re: Gambling Initiation. on: October 17, 2021, 06:40:28 PM
If you're seeing only gambling in the vast expanse of cryptocurrency, you might need to change your search suggestions lol. Sure enough gambling plays a significant role in the industry, but there are a multitude of other sectors that people are also fond of, NFTs, DeFi, games, programming, there are literally a lot of things that you can discover in the world of crypto. I guess what happened here is that you searched once for gambling sites and now everything that you see on the internet relates to that, pesky adsense doing its job. In the case of unregulated gambling, they only play a very small portion of the whole gambling scene in crypto. You can't focus on one part and generalize it based on that particular sector yeah?
Crypto gambling has become more widespread and there are more and more enthusiasts, well even if it is on the less good side, there will still be a lot of enthusiasts, there will be still many people to double their money/their crypto by gambling.
About messing with the image of cryptocurrency... it's up to each individual's decision and it doesn't matter with a particular casino site, a site only provides a place and provides satisfaction for gamblers, after all whether crypto is good or bad depends on what people use it for.
I don't think it would really mess with the image. Has gambling messed the image of Fiat? I don't think so. Cryptocurrency is just like regular cold hard cash, so I don't think it would really affect how people sees cryptocurrencies at the moment. Not to mention the fact that there are a lot of things that are already happening wityhin the cryptocurrency space. Most recent being the Metaverse concept, so it's not like crypto is nothing but gambling, it's just one part of a vast whole.
1583  Economy / Gambling discussion / Re: Play online or physical casinos on: October 17, 2021, 05:58:23 PM
A lot of casinos from where I live at are really strict when it comes to letting people in because of the virus or just downright closed with no update on when they are to open. And with the vaccine being relatively hard to come by these days from where I am situated at I have no choice but to get my gambling fix online (not to misconstrue that I am addicted to gambling coz I'm most certainly not). It pretty much gives the same experience and the same opportunities and the best part about it is the fact that I can gamble even at the comfort of my home.
The first question bordering my mind right now is where to play, I have learned quite a few things from this gambling board and have decided to try my luck out with gambling and will want to know which one should I start with online gambling or going to physical casino house to play some games.
There is no option that is wrong and everything will depend on your circumstances and what you are looking for, in my opinion the entertainment you can get at a physical casino is completely different than the one you can get on online casinos, at online casinos everything is about the games and since everything is digital then you can enjoy of the games whenever you want and also the games are way faster than what you can encounter in a traditional casino, but in a physical casino you also get the chance to interact way more closely with other people with the same hobby and you could even make some friends along the way.
The interactions and the sights are really what gets me going when it comes to physical casinos, but online gambling sites aren't so bad either despite the fact that they are pretty much watered down versions of their physical counterparts. That being said I think both gets the job done and as long as I can at least gamble peaceably, I wouldn't ask for more. Online gambling sites do that for me, if in any case physical casinos would be available again, I might hop in to get that general feel back.
1584  Bitcoin / Bitcoin Discussion / Re: Putin believes Bitcoin has value on: October 17, 2021, 05:10:46 PM
I think the reason why he tried to relate bitcoin into the oil trade is because as of the moment oil and gold are the means of determining whether a country is developed or not, the more oil and gold reserves they have, the more economically powerful a country is. He believes that bitcoin could be used as a substitute for currency but until the time it could be on par with oil in terms of value and use-case he is most likely to sideline it. Bitcoin, albeit a greener option, still falls short on the use-case sector since oil powers everything as of the moment, but as we trend towards a nature-friendly future, not only Russia but many nations which are initially against the use of crypto may change minds and opinions.
Russia is adopting a different attitude towards cryptos than China. President Putin has come public saying "Bitcoin has value but it cannot be used in the Oil trade"

I guess Putin didn't still fully grasp the real potential of cryptos as he says
Quote
“Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.”
But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.

The Russian president only said that Bitcoin has value but he also said that Bitcoin cannot be used for oil trading, from the words of the Russian President I think that there is no hope for Bitcoin to be made as legal tender in the country.
From this news we can conclude that the President of Russia does not prohibit bitcoin in his country but the President of Russia also does not accept Bitcoin as a legal tender.
Hopefully in the future the Russian President can accept bitcoin as a legal means of payment so that the poor can be helped by bitcoin and on the other hand so that the price of bitcoin becomes more expensive.
There is still hope I think, we tend to forget the fact that more and more people are revolutionizing towards a future that is not run by non-renewable resources like oil and coal. Thus, once achieved I think we will have good chances that bitcoin could find some space in the Russian economy and be used for their everyday living. We have to consider that the opinion Putin presented is only for the moment and may change for the better, or for worse in the future, once all things are said and done.
1585  Economy / Economics / Re: Fuel prices hitting an eight year high on: October 17, 2021, 04:19:41 PM
You have to remember that these are non-renewable resources. Oil is generally hard to find in the first place, and very scarce as well. Not to mention the detriments that it causes in the environment in the form of pollution. PLus as more and more countries get industrialized, the need for electricity and gasoline increases which then pumps the demand of oil and similar products, with this in mind, we have to consider that if we aren't going to change our ways, the vision of a luscious future will be under the expense that oil prices increases, and that our environment is affected.
The highest price of fuel will lead the world to destruction instead of fossil fuels nuclear energy can easily be promoted as an alternative energy source after the chernoby and fukushima accidents, most people are instinctively considering nuclear power to be dangerous, making it quite unpopular now. Germany and japan have shut down many nuclear power plants since the fukushima accident. Which greatly endangers the habitation of our planet nuclear power is a good option.
People are only looking to the devastation but not in the advantage and the good effect , this is the problem why we are still in trouble of energy when there are other sources .
Nuclear power made some mistakes and people drying , but what about those people who extend their lives because of the energy from nuclear?
and besides our world now is getting advanced so yes we can prevent such mistakes in the past by doing the right thing now.
If there are safer sources of energies like solar and wind, why to keep risking ourselves with nuclear energy? As everyone know it's too dangerous and nobody can predict an accident, it just happens, and once it happens there isn't anything to do besides regretting the actions which lead to that.

Green energy could be already supplying everyone, but it's not interesting for the small group who rules the world as they profit from the precariousness, so it's definitely not going to happen soon. That would be the ideal, because people would be finally autonomous in energy production paying very low costs to supply their homes and to fuel their vehicles.
Thing about these types of resources is they are severely downplayed by big oil companies as inefficient sources of energy compared to oil and coal, which then causes manufacturers and even households to not choose these greener alternatives when in reality they are very efficient and also nature-friendly. Plus the startup price also affects the consumer's opinion over these healthier alternatives that's why among the current sources of energy that we use, the most environmentally-friendly option is nuclear energy.
1586  Economy / Economics / Re: Do you think crypto will be the future for payments in space ? on: October 17, 2021, 02:21:15 PM
I think the concept of internet will need to be reinvented for interplanetary commerce to happen. Of course trades will still go between Earth and possibly Mars as we enter interplanetary exploration courtesy of Elon Musk. Digital will be the mode of payment that Martians and Earthlings will be comfortable of since you can't expect people to run millions of kilometers away from each other just to pay in cash, not to mention the standards it will check for the currency system to be stable between two planets. So digital, if not cryptocurrency, will be the payment as we enter interplanetary age as a species.
Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?
This may happen in the distant future and we find payments in space through crypto, nothing is impossible with blockchain technology, as it is characterized by the speed of transactions and decentralization, so it is perfectly suitable for payment in space and between planets, which cannot be controlled by governments or central banks, but before we think about The matter of space, we must first believe in this technology on our planet, adapt it and use it in reality.

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I think cryptocurrencies will be a faster and more efficient alternative to fiat when making transactions between two planets. That being said the cryptocurrency system that we all have right now would still need to be improved because as great as it is, it will be inefficient for people to pay huge transaction fees, albeit wait for long periods of time in order for a single transfer to be made. Overhauling the Proof-of-work nature of bitcoin and translating it into proof-of-stake will be a great start towards this dream.
1587  Economy / Economics / Re: Who is Happier: Stock investors or Bitcoin investors on: October 17, 2021, 01:09:31 PM
If we are going to determine happiness by whom gets to profit more from their ventures, I would say people who invest in crypto are generally happier than people who invest in stocks and bonds. The ROI is massive in this venture plus the turnaround time is as quick, if not quicker than investing in assets on the stock market. Although the risk may still outweigh the benefits as with any other venture, I would generally say that stock investors are pretty much inferior compared to bitcoin in terms of profit at this point.
This of course goes back to each individual, because indeed each individual will definitely be different in describing the standard of happiness they want.
and here talking about who is the happiest between stock investors and crypto investors of course everyone will make their own statement.
maybe for people who are in this forum will choose crypto as a tool to be happy because indeed those who are here are mostly crypto investors or traders.
it will be a different story when this is asked in a forum or group in which investors are shareholders.
surely of course they will answer better stocks than crypto.
I agree, but I assumed what OP meant by comparing each person's happiness is by how much money they earn from what they do. Which in that case Cryptocurrency investors would reign supreme. There are people who might not agree with me but then again I assumed this is what the OP meant based on how the statement is constructed. I myself have dabbled on both stock investment and bitcoin and so far, I have already cashed out all my stocks and bonds and transferred them all to crypto.
1588  Economy / Economics / Re: Permanent inflation or "just temporary" on: October 17, 2021, 12:13:59 PM
Money and items of trade and currency have this history of inflation since time immemorial. As commodities become more advance and scarce at the same time, it automatically counterbalances the value of the fiat currency it is supported of. This causes inflation which greatly affects the common folk as compared to people who are relatively well-off. That being said I don't think inflation will go away anytime soon unless an overhaul of the money system is made to defect from the things that cause money to lose value, or at least create a readily scarce variation of money that is deflationary at the same time. Bitcoin seems to be a good answer for this but the current volatility of the coin makes it unviable for such role.
For sure, all government needs to hold the seat belt and tight to face the inflation that may or may not come after this. After this pandemic ends, all governments need to work hard to prevent inflation or minimize it by cutting the budget on every post or rebalancing their funds to be spread in all aspects of their economy. But I am sure this inflation is just temporary and will end soon, especially if all companies can back to the business and earn money. The country will get revenue again and everything will be back normal but with a new change because this pandemic changes everything.
After the economy catches up at the upheaval of COVID-19 pandemic there will sure be chances that prices of commodities may rise, and the printing of money made by the Government may or may not affect the price itself once the economy catches up. I do not know what they are to do in order to counterbalance these detriments because if they wouldn't USD would become inferior which will not only affect the dollar but all of currencies that it supports, Bitcoin on the other hand, being decentralized and existing in a different platform than fiat, wouldn't be affected so many people will be expected to invest in bitcoin to save the value of their wealth.
1589  Economy / Economics / Re: Steam bans blockchain games on: October 17, 2021, 09:41:06 AM
I guess what we gamers can only benefit from blockchain is the security itself. I don't think decentralized servers are really needed considering the fact that as OP said, centralized game servers work just as it was intended to albeit with some issues in latency at times. Then again nothing that is not really unfixable and detrimental to the experience of a gamer except for hacking and unauthorized access, which as I said we could integrate the same concept blockchain operates in to offer gamers who have put enormous amounts of time and sometimes money some peace of mind that nobody but them and their authorized users will be able to get their hands on their prized possessions.
There's still a blockchain game in Steam, Mir4. But the twist is there's no more reward from playing it. So if somebody who looks for a play to earn game in Steam and finds Mir4. It's no longer the same as before and this update made them remove the reward system if you're launching the game through Steam. That's why they have a separate client and launching if you're going to play this game. I don't play this game, I've just read it in different forums when I've seen this update.
Too bad, just as I was about to play it because I was intrigued of the earning aspect of the game. Then again I think the game works well on its own even without the earning feature and as long as items are marketable, people could still make money from it by selling such items on the marketplace much like how DOTA 2 item sets work. That way even without the intervention of blockchain or cryptocurrency, there's still some money earning aspect the game has and its players could enjoy.
1590  Bitcoin / Bitcoin Discussion / Re: Would you quit Bitcoin if a shitcoin like Ethereum surpassed it? on: October 13, 2021, 08:56:33 PM
Bitcoin has a niche that could not be filled by any other cryptocurrency in the market even if they tried to. Although I would like to make the distinction that Ethereum is no shitcoin as what the title of this thread suggests. The coin has its use-case and frankly enough without ETH we wouldn't be able to enjoy most of the stuff we have right now as cryptocurrency enthusiasts since most projects run on the Ethereum network now, while bitcoin remained being a store-of-value. Still with that said I could see people still choosing to invest on bitcoin even if in the future something supersedes it.
First of all, I don't think that Ethereum is one of the shitcoins. It has even the potential to be a more powerful cryptocurrency than Bitcoin in the future. Bitcoin is the first cryptocurrency in the market which makes it the most important and known one in the market. So, I wouldn't quit Bitcoin of course just because Ethereum surpassed it. I would still continue to accumulate it. But I would care about the number one crypto more too.
It has the potential and has shown what it could really do. Honestly the only thing that leaves a bad taste on my mouth about the Ethereum network is the fact that it runs on proof-of-work which makes transaction fees high and speeds slow at times, but other than that I respect the coin because it has opened a lot of opportunities for projects in the cryptocurrency world to come henceforth. NFTs, DeFi, even Metaverse could potentially be housed in the Ethereum blockchain, so I don't think it really is a shitcoin, because shitcoin has no use-case.
1591  Bitcoin / Bitcoin Discussion / Re: What to do with whales? on: October 13, 2021, 09:26:09 AM
The power still resides over the people. They wouldn't just dump it off and jump ship unless they got replaced by apes in human's clothing. It is us who will decide whether bitcoin is still valuable or not, and when we deem it as not worthy of the time and the effort we put in, our cumulative cashouts would simply overwhelm their efforts and bitcoin would be back to nothing but a cryptocurrency with an ambiguous use-case. Rest assured that as investors of bitcoin, as long as the cryptocurrency doesn't become centralized, we're good.
In short words nothing, we can do. A major part of Bitcoin holding by whales does not mean that market becomes centralized. Yes, it is true that they can manipulate the prices sometimes, not always. If they can manipulate always then it shouldn't dump anymore, because whales will try to keep it up always since they are holding a major part of the Bitcoin. They can sell it at a higher price. I know that they could accumulate more during the dump, and they are doing as well. But to be honest, you have nothing to do with them. What you can do, just follow the trend of whales, so you will get some advantage from the volatility. Any other action cannot help to fight with whales.
not entirely true, we could do something about the situation because it's not like they have full agency over the cryptocurrency itself. In my book we are still the ones who control the price and fluctuations. Following the whale trend would just make the matters worst because that is utter submission against an overwhelming force when as a community we outnumber them. And it's not like these people will all of a sudden drop the price of bitcoin just for the lols. We do not know what their motives are but we can safely assume that as the prime figure within this industry, they will be responsible in keeping it alive.
1592  Economy / Economics / Re: Just because prices are high, doesn't mean that is a good investment. on: October 12, 2021, 02:57:38 PM
Commodities are deemed valuable not for what they are in the present but what they are capable of in the future. Use-case, and supply is the biggest defining factor of whether a stock would be valuable or in this case a good investment or not. It has to have a relevant use-case, being novel too would help in its utilization, plus the supply. There is a certain balance between supply and projected demand that must be met in order to ensure that the price of the stock, as well as its availability in the future is not jeopardized.
Cryptocurrencies have been running for years and I believe that lots of us already know whom and what to trust. We already know the coins that are just carried by the hype coins with huge potential. Yes, not all coins that strike high are worth buying. It's still better to check everything about it including its whitepaper as well as the team behind it.
Some coins with poor use-case like DOGE and a number of others became sleeper and had remained dormant in the market for quite some time, that is until one shiller came along and everyone went bananas on investing in these cryptocurrencies. Price could still determine whether a stock or in this case a coin could thrive in the market or not because it is the sum of all the things that define the coin itself. Although it is not something you should really focus on when investing on.
1593  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs Errol Spence Jr - August 21 on: October 11, 2021, 07:27:52 PM
As of now Manny Pacquiao had already hung his boxing gloves up and had retired from boxing to pursue a political career, specifically aiming to run for a presidential position by 2022 Philippine National Elections. Personally I don't think not many people will ever be on his side even if he did Philippines a great deal of honor by carrying its name in each fight. Thing is he is already appointed as a senator and he barely attends during important stuff because of "training". Not to mention the fact that this same guy released a homophobic and misogynistic statement last year telling people that Gay people are worse than animals.
We all knew that Pacquiao's greatest strength when it comes to boxing is his speed and I guess this feature of him didn't change even his aged now.

despite the guy being fast and having a lot of fighting experience, his age can be one of his weaknesses for this fight against Ugas, I'm particularly of the opinion that for this fight the two have equal chances of winning.


Ugas defeated him as far as I know. Meaning his age caught up with him. And since he already quit on boxing he's trying to explore a newer venture via running for president next year. Not so sure how the Filipino people sees this but as far as I can see they are actually against his run and would rather choose a guy who personally proclaims of himself as a half-human half-zombie offspring of the Ghost Rider than him. Filipino politics is janky and weird like that. Some people there never check the credential and would vote people based on how good-looking they are. Lmao.
1594  Economy / Gambling discussion / Re: $5000 to $1 million in 3 years and little over 2000 bets! on: October 11, 2021, 02:26:47 PM
I guess this involved a lot of strategic setup and of course luck. But all in all the thing that will really reel the money in for you when you gamble is discipline. More often than not, going high-roll means failure for you because you're drying your funds up rather quickly, or even if you could perform consistent draws expensively, you're still bound to fail because each loss is going to be much harder to win back. At the end of the day, thinking straight and allowing yourself to be more logical in determining stuff would let you win more games, and secure those wins.
Newbies who are reading this, don't think that you can achieve these results. You're more likely than not going to lose all of your bankroll.
I think that there are those that finds it easy if someone did it and managed to earn a million through it. But it's highly unlikely that someone can also do this with that capital.
Hard to believe that someone can make it and if it's real then it's real but most likely, many won't be looking at that perspective.

well, on the other hand
every pro starts as a newbie
just remember to never bet more than you are able to afford to lose and to use good risk management
this is something to keep in mind
Quite simple that a lot of people who are into gambling tend to overlook this. They basically focus on the winning themselves, overanalyzing patterns and forms which in no way is correlated to their chance at winning, instead of formulating a viable strategy that would help them secure what little wins they have. In my years of gambling I have learned something very vital. It's never about how much you win in one sitting, it's about how you manage those wins against the possible losses you will incur along the way.
1595  Other / Off-topic / Re: BattleBots : Is This Another Form of Sports? on: October 11, 2021, 06:35:40 AM
I enjoy watching battlebots but sometimes the battles feel a little bit unfair especially since you can alter with the parts and features of your fighters they way you wanted it. Surprisingly the low-profile builds often get more wins than bulky and tanky machines, Minotaur and Witch Doctor are a good examples of these builds. As per its viability of becoming a sport that people could bet on, I think it is possible given that the game should get a wider array of following and a far greater reach than just being exclusive on cable TV. Livestreams over the internet could also be a great thing that will help with its fame.
A few years ago in my country they even showed BattleBots on one of the cable TV channels. It's quite a spectacular competition that can be used for betting. I do not know if I would bet on these competitions, but I'm sure that if you add such a possibility will increase the number of fans and therefore the possible bettors. 
For me it's the other way around. Rarely do I encounter people who would want to bet on obscure games and titles. I'm not saying BattleBots isn't famous, it's just that it needs a greater variety and amount of audience in order to be viable for betting and sporting competitions. Right now it just wouldn't cut it to have the game be featured in few channels and it needs to be onboarded to bigger audiences so many people could see it and grow interest in it. Once all of this is achieved I believe the fanbase will thrive by itself and would then propose and push stuff like this themselves.
1596  Bitcoin / Bitcoin Discussion / Re: Do you want to see Bitcoin legal in your country? on: October 10, 2021, 07:45:19 PM
bitcoin is fairly legal from where I am at, as I can freely use it without any repercussions. Although cryptocurrency activities are being sought by the government of ours as possible ventures to collect tax from which is going to be very annoying for those who rely heavily on investing and trading like me. Nonetheless I still see this as our government finally seeing cryptocurrencies for what it's worth and are doing efforts to integrate it into the system of society in one way or another.
I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.
Well if it's to be made illegal in your country I don't really see you being able to use it altogether. You have to remember that there has to be some sort of consensus between the government and the operator before you are able to use these types of services, and have one end of the rope disagree with the other, consensus is not achieved. So it is actually a big deal for whether bitcoin or any other cryptocurrency for that matter is legal or not in your territory. Because decentralized as it is, you aren't and you could be subject to sanctions for using bitcoin without prior permission.
1597  Economy / Speculation / Re: October Bitcoin bull month. on: October 10, 2021, 07:40:45 PM
A few days ago bitcoin finally broke the $40k barrier and had reached a high of around 55k last time I checked. This could be a sign that the coin is already bouncing back and is readying itself for a possible return at 60k or maybe a pricepoint that is even higher than that. Time will only tell really. Although judging the graphs and the previous trend bitcoin made in the past few years it could be very possible that we are to hit 60k once again, if not achieve a new all-time high which could go as high as 100k by the minimum. So it's definitely a wise choice to buy bitcoin as early as now.
October has always been good for bitcoin, bitcoin value has recovered and crossed $53k since July 9th. Even so, it looks like we will be moving sideways for another week to expect a bull market  more sustainable from a bitcoin ETF according to the final decision of the SEC but it seems that even the techniques of bitcoin from Taproot are of great interest.  And again I believe PlanB will correctly diagnose this bull run.
Agree with you on the fact that the Q4 of every year offers bitcoin a lot of opportunities it could maximize and use in order to reach new heights. The biggest all-time-highs it has received all happened at years' close, and this year shows a lot of signs of bitcoin becoming bullish so there's a huge possibility of $65k touchdown by the year end, or a new all-time-high which will persist until Q1 of 2022 when the hype and people being to stabilize and wear off. This has been the trend of bitcoin for the past couple of years it has been in the market and I doubt this year's gonna be an exception.
1598  Bitcoin / Bitcoin Discussion / Re: is it possible to just copy and paste the bitcoin code? on: October 10, 2021, 07:16:34 PM
That's basically creating your own coin which you can do provided that you have prior knowledge in programming languages. You could pretty much copy and paste everything and it would be yours. The thing about this though is that even if you copy bitcoin along with its framework and system, the people are still to decide whether your bitcoin bootleg is worth their time and money. Which in the case of bitcoin classic, is indeed worth everyone's time. If they see through your bullshit they may decide to shrug your coin and leave it hanging, leaving you as well not hanging this time but with an effort wasted.
Instead of using words such as copy-paste you better way fork. The short answer is yes since bitcoin is an open-source project and anyone can see the source or create another form of it, you can also fork the whole project and create your own coin and you can even change some stuff, for example, you can change the block times. But the most important thing is what makes your project desirable for people and investors to use your project.
basically copy it along with the concept and the mechanisms behind the coin but at the end of the day it wouldn't be Bitcoin. So people will still be able to perceive the difference between the new coin you just created and bitcoin itself. And just like what I have said above, it will be up to the people whether they deem your coin valuable or not. If they do not see fit to invest on your coin, then the coin you just create will have no value and would just be another bitcoin bootleg that died along the way as casualties of war.
1599  Economy / Economics / Re: When will the role of fiat currency disappear against crypto. on: October 10, 2021, 07:09:48 PM
They need to coexist right now when the world is heavily dependent on the existence of fiat. It has so much power over everything that to completely strip it away would cause massive societal collapse and utter chaos. They say good things come to those who wait, and that's basically the virtue that cryptocurrencies are letting us know. The road ahead isn't going to get any longer and wider so why don't we make the most out of our steps to ensure that we are on the right way? It's all there is to it really. Sure things might get tedious at times but there's so much potential in this venture you can't just drop it off and leave without regrets.
Currently, there are many usd-based stablecoins such as, usdt, busd, usdc and maybe many others.  To be honest, I used to think that crypto would completely eliminate the usd's dominance of the world economy but I was wrong, it turns out that usd is now evolving to crypto (stablecoins).  What do you think, whether in the future bitcoin or other crypto can replace the role of currency in each country and leave fiat currencies such as usd, euro, yuan and others.

Nothing should replace each other and nothing should take precedence over each other. let them continue to develop according to their times and respect people who are still peaceful using fiat money for buying and selling basic food items. We just need to give each other support (even though the government doesn't agree much with crypto). But let that be the case, we must not have views that undermine the market economy. So far the involvement of cryptocurrencies has helped a lot of middle class people (like me) and it is clearly felt. But bankers see this as a threat.

I don't know the opposition and the regime may have 1000 of ways to eliminate crypto, but they can't.
I still think cryptocurrencies could in the future supersede fiat but just not in a drastic and flamboyant manner. The process will be gradual and people will slowly gravitate towards much convenient options than fiat. People naturally are attracted to progress and technology and seeing that cryptocurrencies are quite the piece of tech themselves, people will inevitably choose it over fiat over the course of time. What happens with USD is still up for debate but with the ever rapidly surmounting value decrease caused by inflation, we might not see dollars in the future the way we see them right now.
1600  Economy / Economics / Re: Will crypto lead to the next financial crisis? on: October 10, 2021, 06:45:22 PM
That could be the case, considering most of the people nowadays are still in favor of fiat over cryptocurrencies. Which at the end of the day is the very same reason I don't believe crypto could ever cause a financial collapse. The adoptions are as slow as they go and no drastic measures aside from the El Salvador bitcoin adoption have been ever made that could cause discord amongst cryptocurrency fanatics and fiat users
I don't think that crypto currencies are going to be part of the next big financial crisis. There are two big areas which worry me and they are independent of cryptos. The first alarming area is the ever rising debt levels in the world. Most of the western countries run a deficit and there is no end insight. Costs and spending are rising faster than the economic growth and if we include the demographic change than rfe future is not looking good. And the second big area to worry about is ever rising real estate prices. Interest rates are so low that taking out loans is the only chance to buy an apartment. But real estate price never rose forever in the past. There has to be a correction eventually which will turn all these loans bad. In my opinion the next crisis will either be a sovereign or a real estate crisis.
Every crisis is preceded by an unfortunate event that lead the people to desperation. In this case it is the rising debt of the world against the dwindling intrinsic value of the US dollar. Should a massive adoption happen in the near future, we need to strap ourselves for a bumpy ride because price decline and financial crisis for the people who are into fiat is going to happen.
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