1381
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Alternate cryptocurrencies / Altcoin Discussion / Re: Where are deflationary tokens today?
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on: September 10, 2020, 10:20:47 PM
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Though since have join crypto currency have really not seen any deflationary token, which means they don't exist or not common, and the defi also is rampant now a days, but people do talk about as a good project. But what i notice and observe in times, is that investors need to invest wisely by checking out the basis of the project before investing in it. so they wont fall in wrong project.
Before, there was a time that deflationary tokens were a hype. But didn't pull it off because they have no use case. Just by being deflationary is not an assurance that it will be valuable in the market. So once the followers get tired of them, they just go to the next one. Just like what is happening with DeFis right now. The concept of DeFi is really good, but with the people behind on each DeFi project, that makes this concept terrible because almost all of them are just to screw naive users.
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1382
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Other / Off-topic / Re: Hackers compromised the billing systems of K-Electric with a ransom of $ 3.8kk
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on: September 10, 2020, 08:41:32 PM
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--
Have been always the case and im already dumb when it comes to these kind of hacking news where Bitcoin or other crypto got involved yet its been mainly used as a tool for such transactions which can really give out that negative perception or views towards bitcoin.This is just that typical hacking incident with that having a ransom for them to release those documents and files.$3.5 wont really be that big if those files are really that important but if not then they can opt out on just to ignore.This is why it do really matters when it comes to security so a company wouldnt really end up on this kind of situation. Most of the time, they only think their security when hacking happens or any thing related to it. For all companies that are storing vital info of their customers, I think their top priority is to always secure their network from potential malwares or hacking incidents. We will know in few days time what's gonna be the action of K-electric towards these hackers. Are they going to pay or not?
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1385
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Potential DeFi Exit Scam
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on: September 09, 2020, 11:04:45 PM
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The new hype will eventually give chance to new scammers and strangely enough, there are still many people who are fooled by the same tactics. This is a lesson for us all even though a new hype has emerged, but research is the best way before you decide to invest.
There will be more of them in the next coming weeks. Right now, some of them are not yet uncovered to be a scam. But once the hype is over, you will see which projects are still standing strong and those which disappeared are only money-grab projects. Investors should not believe those overwhelming promises from these projects. Because a too-good-to-be-true reward or ROI is more than likely a bait for naive users.
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1386
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][QLC] QLC Chain - The Public Chain for Decentralized Network-as-a-Service
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on: September 09, 2020, 10:32:08 PM
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QLC Chain Integrates Chainlink to Bring ICT Data On-Chain and Power New DeFi Products Singapore, September 03, 2020, Press release — QLC Chain, a blockchain built to support Information and Communications Technology (ICT) infrastructure, today announced that they are integrating Chainlink oracles to make ICT data available on-chain for smart contracts. The initial use case involves retrieving off-chain data about mobile network usage and storing it on-chain, which is then used to calculate and automate on-chain payments from ICT consumers. https://medium.com/qlc-chain/qlc-chain-integrates-chainlink-to-bring-ict-data-on-chain-and-power-new-defi-products-3b2adca5c65cWhy they are not active here? Is the new integration owed to the current DeFi hype? Anyway, if they collaborate with Chainlink, at least this one is an established DeFi project and not a fresh DeFi. However, the QLC Team should be active here in providing the updates because more than half a year that they are not touching their thread here.
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1387
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Economy / Trading Discussion / Re: Miners' EXIT movements
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on: September 08, 2020, 11:47:48 PM
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Hopefully it will be quick onetime thing and not a long term idea for them. I mean surely they could make a lot more profit if they just keep it and not sell the excess they have. Miners do have a cost when they mine, I understand that and I accept that but that really doesn't mean that they have to sell all the bitcoin they mine, they could only sell the bitcoins they need to sell to cover the cost and that would be enough, whatever is left over after the cost they could keep.
If they do not do that and if they keep on trying to sell every single one, there is really not much that we could do, it would really hurt bitcoin price and there is really a big fall coming back to back, it is going to hurt the crypto economy. Hopefully they will stop and not do that.
I don't think this is their long term plan, to sell all their coins. What will be their gain on this move? If they will continue to mine btc, I don't think it is in their best interest to continue selling. Let's wait for the next coming weeks and see if they are still on this action. I am not seeing valid reason why will they totally exit in the mining business after all these years, and struggles encountered by btc.
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1388
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH to hold now or not?
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on: September 08, 2020, 10:49:09 PM
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It depends on us if we want to hold our etherium or not actually we have different plan of what we gonna do for our etherium that we have in our wallet. We trade them or separate them to another altcoins agian if we want to earn more in trading but for Im started to buy more etherium and holding it as of now and wait on the time for etherium to be reach of $1000 cause I know that would be come.
Only the person can really decide on what he will gonna do with his investments. Because we have different priorities, if it gonna be short term or long term. But for me, ethereum is a good choice as it is a very solid platform. And if you want to sell it early, of course you need to sell it above your buying price. So at least you are in positive gain. In my opinion, holding eth long term will have good returns as we are expecting eth 2.0 soon, the price will further increase as compared to its current price.
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1389
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Economy / Speculation / Re: 3 Reasons Bitcoin Just Tanked Below $11K for First Time in a Month
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on: September 08, 2020, 11:19:49 AM
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3.Miners sold some of their bitcoin
- This is interesting but they should have sold with the price is above $12k. At least that's the typical and most logical move for them, not that the price is already sliding down.
There's a miners war going on right now, some miners were actually dumping their Btc on purpose to prevent bullish movements in the market, thus discouraging other miners that planned to operate during bullrun. https://cointelegraph.com/news/bitcoin-price-may-spark-war-of-miners-1-day-pool-outflows-hit-18m Though this sounds something logical, but do miners really risk their virgin coins to go all out war against the other miners? Well maybe? Because they're earning not only with the block rewards but also with tx fees. Whatever is their reason of selling, I don't see the selling part will be long term. Once they got their target funds, they will stop selling. I don't think they are aiming to do this for long period of time. Let's see what happens in the next couple of weeks. What's gonna happen with btc? Also, the decrease in btc price is contributed by many factors. Maybe not only the 3 reasons mentioned by the OP but there are other factors that affect this decline.
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1390
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Sushiswap ?
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on: September 07, 2020, 11:56:49 PM
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Surprising how much volume to this Sushi today even when it had drop this low after he controversial exit exam of its CEO. CZ already had tweeted about them being scam I wonder if he delisted it already.
There was an article just recently that the Sushi project already has a new CEO which maybe had helped the confidence for the investors. I wouldn't be so sure about this game they have. But there are more Defi projects out there than this one.
Don't trust what we are reading right now. Because that might be a trap for all we know. Just to entice buyers before they totally exit from the project. It is hard to trust projects with questionable background, because we don't know what they are cooking behind that curtain. So to be safe, let the dust settles and see what's in store for you after.
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1392
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Alternate cryptocurrencies / Altcoin Discussion / Re: Who has the eye that looks into the future?
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on: September 07, 2020, 11:07:50 PM
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Few years back, I could remember Cryptocurrency wasn't really known by most people and the idea was joked with, even I myself didn't have a thought on it, but the growth of crypto is now alarming that almost all my friends are into one or two of it. Looking into the future I suggest Cryptocurrency will suspend other past used currencies and take over, what do you think?
It is just simple...people believe crypto and trust it because they saw it and many could justify how it works and how people benefited from this. But we can't assure anything that in the coming years that the market is still good as it was today. That is why early crypto adopters say differently than latecomers because of different market experience. The market is getting risky since scamming and hacking incidents increases, quite worrying as it will surely give a negative impact on the crypto community. If we keep trusting Bitcoin and have a plan to invest, we better do it now as a great opportunity still there. No one has the crystal ball to know what will be the future. So if you are a crypto user, just do your own evaluation and decide what your instincts is telling you about. Don't rely on the so-called experts because they are also human and what they are saying is not the absolute truth. And most of the time, their prediction is a miss. Just trust your own self and develop your crypto skills like in trading to get ahead of the game.
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1394
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Alternate cryptocurrencies / Altcoin Discussion / Re: No hype is good
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on: September 06, 2020, 11:32:10 PM
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I think the hype is a good thing, to make crypto even more popular. Without the hype I'm sure cryptocurrency would not be popular as it is now. All we have to do is analyze the market properly, we must be able to take advantage of the hype that is happening, to make a profit. Don't let the hype make us suffer losses, if we can take advantage of the hype we can produce profit in the short term.
It is a good thing in some way because it attracts some noncrypto users to look into crypto. However, for those that don't know how crypto works, they usually get rekt by these fake projects because they have no idea how to spot on scam project. Some thought that every DeFi is worth to invest whereby, most of them just want to screw investors. If you are a long time crypto user, you already know how to react on these hypes.
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1396
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Alternate cryptocurrencies / Altcoin Discussion / Re: After Sushi is Noodle
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on: September 06, 2020, 05:54:43 PM
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-snip-
Crypto market is not fucked bos. Crypto market is emerging legit market. Only new copy-paste project, no purpose project, less knowledge about HYIP project and greed are source of fucked crypto market. But guess what? There are still users who patronize this kind of project for the belief that they will get rich quick. No wonder a lot are now regretting in investing in Sushi. There will be more to come and it is up to the user how he will react on this type of project, an obvious crap project where deceiving investors is the main goal. I don't understand how many times do they need to get rekt before waking up to the reality that there's no such easy route in crypto?
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1397
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BFine - Digtalizing Real Estate Ownership
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on: September 05, 2020, 11:21:01 PM
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You're backed up by Technotime Florida Inc? https://www.flcompany.info/companies/P13000093400/ this one? Funny that I didn't find any mention, not a single one, from the owner of the company of her involvement with this project of her company. Also, have to admit that I'm a bit lacking expertise on this, but your site detailed everything originated from Arizona, and the parent company is in Florida? https://who.is/whois/bfine.ioSeems there's something wrong with the claims here. And with the negative trust of the OP, I don't know why he posted his project on behalf of BFine project? It will not make good impression from potential investors. Also, if they can clarify those above info, is there some fake info here? Because I don't think people are now trusting with crypto projects as many of them are just using fake info.
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1398
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POTUS ICO] $POTUS TOKEN! (HTTPS://PRESIDENT.FINANCE/) | Elections
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on: September 05, 2020, 10:39:36 PM
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Another meme coin appears, but no wonder why your project is similar to davecoin whose fate is not clear because their website is now gone and their community manager is the same, whether you are the same dev as davecoin or not but I have the feeling there is a connection here.
Waiting what will be the reply of President.Finance here... But I have the gut feel that this project is just a short-lived project. Once the election is over, if in case they will reach that stage, this will be gone also. So I don't think a lot of users will join this project, or maybe traders that wanted to get quick gain, that is, if they can be traded actively in an exchange. Other than that, I don't see anything solid foundation here.
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1399
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Fees
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on: September 04, 2020, 11:50:35 PM
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A simple explanation is better than a thousand words, the ETH network works based on hierarchy. Who pays more will get funds faster and the rest will wait until the next mined block clearance happens. The cost of gas has increased a lot and $0.1 worth transactions in 2019 now cost more than $3. ETH2.0 should solve this infinite loop unless the market becomes volatile again.
actually we this while checking transaction on tx id. so high gas gwei will confirmed first by miner. i think it is not fair system for all user, system must use similarity in every transaction like other blockchain . many people complaining about this fee , even binance CEO also tweet about it if core developers didnt solved this problem in eth 2.0 it will be serious problem for eth. Let us all hope that ETH 2.0 will resolve some of the bottlenecks that ETH network is experiencing right now. Because if this will continue and will not be resolved, a lot of crypto users will find another network to use. But Buterin will not let this issue be forever, by now they are already finding ways how to address this problem. And hopefully, they will rectify this high gas fees problem.
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1400
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Alternate cryptocurrencies / Altcoin Discussion / Re: All Top 10 DeFi Tokens on coinmarketcap in Loss
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on: September 04, 2020, 10:41:35 PM
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There is no need to panic seeing the price of DeFi tokens experiencing a decline, this is only natural if you see the price of Bitcoin which has fallen far enough. Since all altcoins are bound to be affected by this drop in Bitcoin price, this should be a good opportunity to buy DeFi tokens. Because the current price correction will not last long, don't miss the opportunity to buy DeFi tokens at low prices.
The situation of DeFis is normal as bitcoin also plunges its price. A lot of alts are also in red for the past day. But I guess a lot of those who bought DeFi tokens are in loss obviously. But if you have faith on the project, just hold it and wait until bitcoin recovers and hope that your Defi token will also recover If you will panic in this situation, the tendency is to sell what you have and you will incur big loss. Better wait for the market to recuperate and see what's in store for your holdings.
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