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621
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Bitcoin / Bitcoin Discussion / Re: Millennial Generation Investors Prefer Bitcoin Over Gold
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on: September 11, 2020, 11:15:18 PM
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It is not surprising that this is happening. I made mention of this in some thread. The world is moving forward digitally. We are growing towards the internet increasingly everyday. Millennial generation investors are majorly interested in bitcoin because of this reason. Another reason is due to the decentralization characteristic of bitcoin. The millennial want total control of their money. They would rather be their own banks than give some institution control over their money |
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622
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Bitcoin / Bitcoin Discussion / Re: Bitcoin for salary
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on: September 11, 2020, 08:06:02 PM
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This is still dependent on the adoption of bitcoin by government of different countries. When governments endorse bitcoin and it is being used by the masses, it then becomes a question of whether the company would want to pay in bitcoin or if the employees would want to accept bitcoin as salary.
I do believe however that the time will finally come when this will happen. It may not be soon but eventually it will come
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623
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Economy / Economics / Re: The pros and cons of going cashless
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on: September 11, 2020, 06:10:13 PM
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Surely, there's always the advantages and disadvantages to a thing. It is only logical to weigh it out to see if it can be done. As it stands, the world is not ready for a complete cashless policy. The disadvantages that have been listed out outweigh the advantages.
In developing countries especially in Africa, there'll be a lot of measures needed to be put in place for such policy to work.
I however do believe that with time, cashless policy eventually take over as the world is constantly moving forward digitally.
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624
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Economy / Trading Discussion / Re: Legit trading courses
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on: September 10, 2020, 07:33:17 PM
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I'm new to the whole crypto world and i've been fascinated by trading in this sector. I would love to find a good program that can help me learn and avoid painful mistakes, but im finding it quite hard to figure out which ones are real and which ones are scams!
For now the two one that sound legit are the course from tradercobbs by craig cobb and Blockchain education which is highly promoted by crypto oracle.
I was wondering if anyone knows if they are legit and in case have any advice's on good courses!
There are several ways to actually learn trading. There are several threads concerning trading here on bitcointalk. A quick search on trading would bring out relevant pages. Secondly, you can use the internet to your advantage. There are quite a lot of sites out there that teach trading in the best possible. I'd however recommend tradercobbs by Craig Cobb. His courses are comprehensive and are very easy to comprehend. |
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625
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Bitcoin / Bitcoin Discussion / Re: OMG !!! Peter Schiff was right, again.............
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on: September 10, 2020, 04:41:04 PM
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I do not think anyone serious about bitcoin and is concerned with making money with bitcoin should pay attention to Peter Schiff. Peter has been pessimistic concerning bitcoin right from time, it is not surprising that he'd make such comments.
There are two points to note here. Even if he was right this time, it doesn't mean he'll always be right. No one can always accurately predict the price of bitcoin except of course if you're the only one controlling the market.
Secondly, even if bitcoin did take a dump here, hodling for while for it to pump will result in taking profits
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626
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Bitcoin / Bitcoin Discussion / Re: Government aid being scammed. If the same had happened through bitcoin?
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on: September 09, 2020, 08:36:00 PM
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If such transactions were made with bitcoin, there is no possible way such funds can be recovered. Although such transactions will be transparent, the funds can't be recovered.
This is one of the key characteristics of bitcoin. Enjoying the decentralization of bitcoin means sometimes, when issues like this evolve, we just have to make do with the fact that such funds are gone.
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627
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Economy / Trading Discussion / Re: Is the crypto market saturated?
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on: September 09, 2020, 05:41:18 PM
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According to CoinMarketCap, there are 6,588 cryptocurrencies being traded on the market right now. Almost every day we see new ambitious crypto projects being listed on major crypto exchanges, but only a select few are useful for the mainstream world. We already have Bitcoin and Ethereum, which are the most prominent cryptocurrencies on the market. Most (if not all) cryptocurrencies' code are based on either the Bitcoin or Ethereum blockchains. If we put aside additional features and base ourselves on the core blockchain protocol, then Bitcoin and Ethereum may be the only cryptocurrencies humanity needs to participate in the decentralized economy. I think that there are way too many cryptocurrencies and tokens on the market these days, considering that not everyone uses all of them for daily payments. Some developers launch new cryptocurrencies with no real use cases for the mainstream world just to make a quick buck. Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated.  I actually do think the market is saturated with these coins. A lot of these coins are not so much different from being useless. I believe a useful coin should be used not only as an asset or as an investment but also as a currency. Bitcoin and Ethereum have been used to this effect and so they are useful coins to me. Although, coins this much give traders options to trade in, I do think 6 thousand plus coins is too much of an option. |
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628
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Bitcoin / Bitcoin Discussion / Re: Bitcoin in a good shape?
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on: September 09, 2020, 03:12:16 PM
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Two years is a very long time. I'm sure since you're quite familiar with bitcoin, then you must have known that a lot would have happened as regards the price of bitcoin.
Although there have been a lot of pump and dump from 2 years ago, bitcoin has been increasing steadily. It is now almost twice the price it was two years ago.
And if you meant stability by being in a good shape, bitcoin has been holding the $11.5k to $12k mark for some time now so I'd say it's stable
I do believe bitcoin is in goof shape.
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629
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Bitcoin / Bitcoin Discussion / Re: I can't wait until I can pay using bitcoin at the supermarket
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on: September 08, 2020, 09:09:14 PM
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
I do understand your stance here but I do believe it's going to take quite a while before bitcoin becomes accepted in stores and supermarkets just like fiats. Bitcoin is just little over a decade unlike fiat currencies that have been here for so long, it'll definitely take a while before it is adopted. I actually do hope, however, that everyone can help reach out to others concerning the advantages of bitcoin. Until bitcoin is massively adopted, I do not think bitcoin can be spent in stores and supermarkets. |
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630
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Economy / Trading Discussion / Re: Too much HODLing stealing opportunities?
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on: September 08, 2020, 07:40:09 PM
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
I believe it's true that too much hodling makes one lose those chances to even make more. I also believe that the major reason for that is because of the mentality of 'why sell when the price is still increasing'. This mentality, as harmless as it seems, actually hints at greed. It is only because of greed that would make one who bought at $500 still keep hodling at $15000 even after making 30x the cost price. I'd say the best thing to do is set a target price that isn't so far away for the cost price, once you've achieved your target, sell and make your profit and then reinvest |
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631
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Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future?
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on: September 08, 2020, 03:43:39 PM
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Although this is too far away to determine now, I think there will be need to increase Bitcoin's max supply in the future. With increasing adoption of bitcoin over the coming years, with a large percentage of these people keeping bitcoins as a store of value and not as a currency which would keep it in circulation, there would be need to increase the limited 21 million supply of coins into circulation.
This might invoke the need for a much better and higher technology and codes, it will inevitably have to happen. Besides, technology is evolving and we will get to that bridge where we've exhausted the limited coins, we'll cross it.
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632
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Bitcoin / Bitcoin Discussion / Re: Electrum update: A trader lost 1400 BTC
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on: September 07, 2020, 09:10:43 PM
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I believe this is the user's fault and not Electrum's. Why would one keep that much amount of bitcoins in one wallet and not access it since 2017? Why would someone with much coins not get updated about his wallet before moving such coins? Doesn't he know that a lot of updates would have been made in the space of 3 years?
Secondly, pushing the blame on Electrum is unreasonable. His wallet must have been infected with a malware when he was asked to make the update causing him to lose that much amount of bitcoins.
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633
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Economy / Trading Discussion / Re: What I think will be the top cryptocurrencies in 2021
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on: September 07, 2020, 08:04:19 PM
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It is funny that I haven't heard of more than half of the coins OP mentioned
I do not say that your compilation of the probable top coins is wrong, it's just that quite a lot of altcoins these days are not stable and do not have bright future.
I'd say the only coins that are stable and safe to invest in are Bitcoin and Ethereum. They've been leading the markets for years now and will continue to do so. It is only advisable that one invests in these two coins as they are a sure means of making profits
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634
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Bitcoin / Bitcoin Discussion / Re: Bitcoin for blind people
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on: September 07, 2020, 06:16:47 PM
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This is an absolutely excellent idea. I however think it will take some time for such life changing idea to be adopted if at all implemented. This is because the focus is still channeled towards making even the able bodied, I mean those that are not blind, adopt bitcoin.
It's an excellent idea but I do not think now is the time for it. A lot of measures have to be put in place for this to work. There have to be extra security measures for the wallet of the blind people in order to avoid theft by those who hear them when they use the text-to-speech feature
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635
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Economy / Economics / Re: Cashless Economy: Is Society ready for transformation?
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on: September 06, 2020, 09:27:48 PM
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I do not think the cashless policy is going to work in India. Developed countries like the USA, where the rate of illiteracy is low if not zero, still use the cash policy.
The government should be ready to accept that a project like will have slow adoption with the masses. A lot of the people are illiterate and semiliterate. Many can't even operate the computer system.
I however do believe that if the government remain persistent and pull their resources towards educating the citizens on the use of cashless policy, they will get to finally adopt the cashless policy.
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636
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Economy / Trading Discussion / Re: Crypto Investing/trading Opportunities for stable returns?
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on: September 06, 2020, 06:13:08 PM
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I do believe that the best forms of investment in crypto is trading or hodling as a lot of these investment sites are scams. I advise that people get the necessary skills and knowledge needed for trading and make your money at your own pace or hodl if you can't trade. These investment sites that promise 2 to 3% are mostly scam.
There is however one that is currently making waves, crypto.com, I'd say you check it out. I've read their white paper and I can say it looks promising.
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637
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Bitcoin / Bitcoin Discussion / Re: Patience above all will be rewarded here
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on: September 06, 2020, 02:27:35 PM
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Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.
The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.
And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.
If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.
I believe the reason many people support bitcoin in its bullish move and dump bitcoin in its bearish move is because they are out for profits. They are only motivated by how much profits they can make. These are people that do not even think of bitcoin as a currency but as an asset for investment for profits. Only idealist will stick with bitcoin no matter what happens to the price of bitcoin. Just like you said, Patience is the key in dealing with bitcoin |
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638
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is predictably a guarantee in an uncertain world
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on: September 05, 2020, 08:19:04 PM
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I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.
Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.
When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.
It is often said that Bitcoin is a hedge against uncertainty. And that's it.
I totally understand your point here. However, at this stage it is still very much early to say if bitcoin is a guarantee against uncertainty. Although bitcoin is slowly gaining trust amongst prople, the factors affecting bitcoin make it impossible to know for certain what will be of it. The volatility of the price is uncertainty and as such can't be a guarantee. Bitcoin is relatively new compared to gold which has gained trust over the years and now has a stable price. Hopefully, if people begin to see the true value of bitcoin, then maybe bitcoin will get to that stage of being an hedge against uncertainty. |
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639
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Economy / Trading Discussion / Re: Trading crypto is a different ball game
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on: September 05, 2020, 04:46:55 PM
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This is a very interesting piece of news. I believe such conclusions after just a week in trading is unreasonable.
There are 2 points to consider here.
1. One week isn't enough to make such judgment.
2. He most likely didn't care to study how trading crypto works because of how experienced he is, trading other markets.
Even if one is an experienced trader trading crypto, one week isn't enough to count your losses or profit. One should give it time.
Secondly, trading without getting the necessary knowledge and skills will only result in losses. He's an experienced trader, he should know this.
However, just like OP said, it might have a negative impact in making people, especially his followers, stay away from bitcoin
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640
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is here to stay
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on: September 05, 2020, 03:24:25 PM
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This is a mistake. For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance. Possibly—but only possibly. The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous. People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto. And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people. Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces. Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel. https://www.truepnl.com/This is unarguably true. Bitcoin is here and will be here forever. Bitcoin is the first digital currency, although many people do not see it as one, and will continue to be adopted. For now, the adoption of bitcoin might be very slow because a lot of people do not trust a currency they can not hold. I do believe that with time, these people will get to discover the numerous advantages of bitcoin and hence adopt it. I do believe that bitcoin is here and is here to stay. Nothing, not even bearish trends or scams related to crypto can stop that. |
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