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April 23, 2021, 08:14:20 AM *
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1  Economy / Economics / Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much! on: April 22, 2021, 11:05:20 PM
Well, I'm not surprised bitcoin was that cheap back in 2014. Bitcoin is a resilient coin that rose being almost worthless to what it's worth now which a huge amount of money especially when compared to that time.
The only regret for many of us is that we didn't accumulate as much as possible.  So many of us had the opportunity to accumulate a lot of bitcoin back then but we didn't do it because we were so skeptical of what will become of bitcoin. Well, it's so obvious now that we made the wrong decision.
2  Bitcoin / Bitcoin Discussion / Re: Fun Facts about Bitcoins on: April 22, 2021, 09:32:46 PM
These are some super amazing facts. I actually haven't heard of many of them until now. I especially thank you for this and I hope you would do more.
This is especially good for newbies who don't really understand what bitcoin is and the many untold stories behind it. Many don't care to know why bitcoin was made. All they care about is just how they can make money from it.
I'm sure this would stir up curiosity in so many people that they'll begin to want to know more about bitcoin and how it works
3  Economy / Trading Discussion / Re: Does that mean trading is more popular than social media now? on: April 22, 2021, 03:17:23 PM
Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at the time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions, respectively.

One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms

Clearly crypto is off with a flying start, and topping the charts will prompt others to check what these apps are all about, meaning sooner or later more people will be jumping on this boat!

It's rather absurd to make such judgements just because of a one time position on the ranks. There's no way possible trading would become more popular than social media, at least not yet. You'd need to understand that only a smal percentage of world's population are into trading while over half the world's population have one or two social media accounts.
What caused that is just because of the recent surge in the price of bitcoin and other crypto. They are only downloading those trading apps because of FOMO. I tell you, there's nothing more
4  Economy / Economics / Re: "BTC not a currency per se but can be an alternative asset" China on: April 22, 2021, 01:24:15 PM
In an interesting turn of events, China's tone on BTC has "softened". Who was expecting this change in tone? Not me. Not after all the crack downs on exchanges or ICO bans and the works they are doing with their CBDC.

People's Bank of China deputy governor also said they will be looking to craft regulations to prevent speculations of BTC investments. They will most likely convene meetings with traditional companies that are interested.

How do you see this affect BTC and cryptocurrency in general?

Full story:

Well, it took some time but it's a way lot progress considering what's been going on in China as regarding their regulations concerning bitcoin and other cryptocurrencies.  I believe they are starting to see the light of bitcoin and will eventually come around.
I'm not surprised the deputy governor of the People's Bank of China still believes bitcoin is not a currency. I'd say his judgement is biased and he's only saying that because he doesn't want to believe bitcoin is a currency. This doesn't change the fact that bitcoin was created to be a currency and has always been even though most people don't use it as such.
5  Economy / Trading Discussion / Re: My plan - 20k to 500k on: April 22, 2021, 10:47:36 AM
I have protofilo with 10k that I plan to make 20k with my altcoins within few months. After few months bitcoin will drops to 20k and I will buy with my Balance 1 btc.
Within few years bitcoin will reach 500k and I will be rich selling btc for 500k.

Your plan looks so simple and achieveable in theory but practically, what you wrote here is close to impossible, if not impossible.
What is the assurance that your altcoins will will double up in value in the next few months? What makes you so sure that the value of bitcoin will drop to $20k in the next few months as well? You should also know that there is no prediction or speculation that can accurately predict the price of bitcoin at any time. No one can say accurately say what will become of the price of bitcoin.
I'd say you come up with a more practical plan such as trading to make money
6  Economy / Economics / Re: The Country Cryptocurrency vs Bitcoin on: April 21, 2021, 09:47:33 PM
One particular thing you should know is that the government and the banks are not going to willingly give power to to the people by submitting to the power of bitcoin. They are going to do everything possible to look for a way to always be in control of the finances of the people.
I'm not surprised they are looking for an alternative for bitcoin, they are only scared of the benefits of bitcoin. They, however, cannot stop bitcoin neither can they control it. Bitcoin is decentralised while whatever coin they create will be centralised.
7  Bitcoin / Bitcoin Discussion / Re: How to make money from Bitcoin in 2021 on: April 21, 2021, 08:21:20 PM
Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:

*Daily trading
*BTC mining
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys

You're actually right. These are some of the things one can do to earn bitcoin. I've done the third one on the list. That's investing. I actually did bought some coins and I'm waiting till the end of the year to cash out my profits.
Another one I'm practicing right now is receiving payment for work done. I write and I get my payment in btc. That's one thing that's quite reliable.
However, you didn't include one important thing. You can also earn some bitcoin by participating in signature and bounty campaigns here on bitcointalk.
8  Bitcoin / Bitcoin Discussion / Re: Why are there so many negative posts about BTC lately? on: April 21, 2021, 05:05:57 PM
Do they come from the Dogecoin supporters?

I remember way back when BTC and Dogecoin supporters were friends, it's not happening anymore I guess. Now Dogecoin supporters hope to take over BTC Cheesy It's not gonna happen.

Too bad this meme coin has been destroyed like that giving it nothing more than a pump and dump status. Thank you Elon!  Roll Eyes

I know the negative news are usually created by the whales who hope to make so much money from the pump and dump but it is being peddled by so many ignorant people who don't realise they are being used and they are part of the strategy of pump and dump.
Dogecoin cannot take over bitcoin. That cannot happen. Not now and definitely, not anytime in the future.
Bitcoin is just going through a correction after being on a bull run for some time. It'll bounce back
9  Economy / Trading Discussion / Re: It's the easiest to trade when you aren't trading on: April 21, 2021, 01:10:48 PM
Well, that's one strategy that works well for you. Maybe you're just one lucky chap, maybe you're able to predict the market so well but that doesn't erase the fact that day trading or trading generally isn't a good idea.
Quite a lot of folks have made so much money by day trading and just because you couldn't handle it doesn't mean others won't be able to. Day trading works just fine if you really understand how it works. If you're able to take time to learn all there is to trading and develop an almost perfect strategy ( no strategy is perfect), then you'd know that day trading is actually profitable
10  Economy / Economics / Re: Big test for Bitcoin during the next Economic Collapse. on: April 21, 2021, 11:46:04 AM
I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Well, that is one benefit or should I say advantage that bitcoin has over fiat currencies.  Bitcoin has a fixed supply of 21millioj coins and more cannot be created by anybody which makes it deflationary.
With the hyperinflation going on in the USA, it would affect their economy and that would mean that bitcoin would then become the 'saviour' currency.
It's only a matter of time before everyone realises that fiat currencies are losing value everyday while bitcoin, over time, increase in value.
11  Bitcoin / Bitcoin Discussion / Re: Can bitcoin last till infinity on: April 21, 2021, 10:12:57 AM
I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

What you should know is that the government cannot actually stop the use cryptocurrencies. I'm sure you're aware of the case of Nigeria when the government banned the use of cryptocurrencies in the country. The only thing affected was that exchanges could not offer currency pair in the Nigerian Naira. You should however know that this didn't stop the use of cryptocurrencies because people just resorted to the use of P2P.
Trust me, they can't stop crypto. Bitcoin will exist till infinity and with time more people will adopt it
12  Bitcoin / Bitcoin Discussion / Re: The problem is that it could take again many years to recover on: April 20, 2021, 09:27:28 PM
Just because the bearish run of 2018 was so severe that bitcoin bits $3000 from its then ATH doesn't mean the same will happen with the correction happening with bitcoin.
This is nothing like that. This is just some market correction and will soon blow over. Believe me you, posts like this will only make people panic and then they panic-sell.
If you've got bitcoin, don't sell yet. Just keep on hodling
13  Economy / Service Discussion / Re: Lottery not honest on: April 20, 2021, 07:44:40 PM
This is only a waste of time. Lottery isn't a guaranteed form of making money. Some would say there's a strategy to making correct guesses all the time, I however believe that's wrong. I believe there's no sure way of knowing and you'd only be lucky if you got one right.
Trust me, it'd be better if you spend your time on some more productive thing. For example, you could learn how to trade. That way, you know you have a guaranteed way of making money which is not based on making guesses but in analysing the market to make a trading decision
14  Economy / Economics / Re: What is the purpose of (fiat pegged) Stablecoins? on: April 20, 2021, 05:56:31 PM
Just like you said, many people use stable coins just like the USDT and BUSD and USDC in order to avoid the fluctuating prices of bitcoin and other cryptocurrencies.
However, you should also know that in many countries,  especially African countries, it is used as a store of value instead of their local currencies which lose value by the day. It is easier to buy USDT on an exchange that to buy the US dollar in a bank.
Another reason the stable coins are important is because many of these altcoins are not paired against Bitcoin or Ethereum on many exchanges and the USDT is a good alternative.
15  Economy / Speculation / Re: Bitcoin is falling down. Is it the end for it? on: April 20, 2021, 04:28:45 PM
The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

If you had made your research, you'd have known the answer to this question. Situations like this have happened so many times with bitcoin such that it has become almost a trend. If you do well to check the chart of bitcoin in the past years, you'd realised that bitcoin always bounces back.
Trust me, this is not the end of the bitcoin rally. The price of bitcoin will rise again and will most likely hit a new all time high.
16  Economy / Trading Discussion / Re: How Bitcoin almost made me rich on: April 20, 2021, 02:40:30 PM
Well, you're not the first that this will happen to and definitely, you'll not be the last. Not being the last might sound harsh but it's just the bitter truth. Many other will still fall into the same mistake.
Investing in bitcoin isn't risky as compared to trading but it is very easy to pose all if one is not careful. The most important thing to do to secure one's funds while holding bitcoin is keep the seed phrase in alternative places.
However, since it's the blockchain wallet, I think it might still be possible to get your wallet back if you remember the email you used in opening that wallet. Your wallet id is in every email they sent to you and with that you can easily use 'forget password'. Hopefully, you'd get your wallet back.
17  Economy / Exchanges / Re: Coinbase secures eSports partnerships on: April 19, 2021, 08:41:10 PM
This is a very interesting piece of news. Not only is Coinbase increasing its popularity, this will also help the adoption of crypto in the mainstream world.
With companies like this adopting crypto, it sends a message to he world. It tells them that crypto isn't bad like many have perceived it to be. It tells them that they bitcoin and other cryptocurrencies are actually made to give freedom to the people and they have so many benefits.
I wouldn't be surprised if other companies follow in the footsteps of Coinbase
18  Economy / Trading Discussion / Re: A little sad story on: April 19, 2021, 07:10:02 PM
Well, this has probably happened to every trader who has ever existed. We've all made that mistake of placing a trade against the market. However  what made professional traders different from the one who lost so much that they eventually quit trading is that they learnt a lesson from losses like this.
I've come to realise that you'd still repeat that mistake if you didn't learn from it now. What's done is done. Learn from it and move on
19  Economy / Economics / Re: Charlie Munger: "Bitcoin is an artificial substitute for Gold" on: April 19, 2021, 04:34:12 PM
While I wouldn't dare argue against the fact bitcoin does have quite a lot of benefits over gold,just like OP mentioned, it would be illogical and unfair on our part not to realise that gold does have its own value.
While I also understand that these old folks are actually missing out by not getting on the train of bitcoin, let's not forget the fact that they actually got their wealth without bitcoin.
They invested in gold, stock and real estate and they made their fortune. I believe we should not beat ourselves up on this. If bitcoin works well for you, do it.
20  Bitcoin / Bitcoin Discussion / Re: Elon Musk please stop messing up the crypto market on: April 19, 2021, 03:26:04 PM
The issue here is not with Elon Musk's tweets. The problem is with people or newbies as you mentioned, who blindly follow his tweets.
Elon Musk is just doing what any man who has influence will do. If I had that much influence as Musk, I'd make these tweets as well.
There's really not much one can do about these newbies who just follow any tweets blindly. They don't understand that it's just a pump and dump strategy and you're most likely to lose your money if you're not very careful.
If you really want to make the most of the market, don't wait for Musk's tweets, learn trading by yourself and you'd be make to make rational decisions by yourself.
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