Latest posts of: CarnagexD

Quote from: kodtycoon on January 23, 2020, 04:20:47 PM

mistakes occur due to lack of knowledge and also experience, because when you have these two basic elements it is very possible for you not to make mistakes as often as those who do not have both the basic elements and the most important elements. so before we do anything in any field, then at least you must have an understanding first so that any mistakes can later be prevented because you already have sufficient understanding from the start

Yeah, lack of proper knowledge or investigation causes losses in cryptocurrency investing. Most people who lose money here are the ones that just blindly throw their money without even formulating a strategy to play around. I suggest you to create a plan you will follow so you can maximise your profits while lessening your losses. And don't throw in you life savings here, cryptocurrencies are not a get-rich scheme.

Quote from: btccashacc on January 22, 2020, 03:30:18 PM

You know what there are so many people out there who tried and developed their own cryptocurrency but guess what? most of them are failed, no one was interested to buy their coins. Creating cryptocurrency it's not easy as people think, you can create your own but the value is determined by the demand and supply, so no need to worry about that it is nothing to do with the economic, the coin who brings benefit to the community will succeed.

Creating a shit coin is definitely the last thing you would want to do as a cryptocurrency investor. Most especially nowadays when people are much more focused on established coins on the market. It'll also oversaturate the market which is definitely bad for the ones that are already put up on the market.

Quote from: Janation on January 23, 2020, 02:28:32 AM

Quote from: Kubra Dam on January 23, 2020, 01:43:26 AM

Under this thread, I see many people only talking about bitcoin and its future, but the thing is actually more than bitcoin itself. There is a technology backing bitcoin and other components. This is called blockchain and if the big companies can utilize this, bitcoin's future will be even brighter than ever. We need to see this before discussing about bitcoin only. On the other hand, bitcoin is the most important asset ever existed in the market anyways. So whatever happens to it will affect the general crypto market as well clearly.

I agree.

Bitcoin may still be popular in the future but I think the technology behind it will be too. This technology could be developed and be used to a lot of things unlike Bitcoin where it is just for a payment method and usually being held by investors.

Blockchain technology will be widely accepted once bitcoin becomes accredited world-wide. It'll be used for a lot of projects because of how intuitive it is. This future is not far, as more and more countries begin accepting bitcoin. Though still not a bonafide currency and merely an investment method, I believe this is a great start for bitcoin.

Quote from: cryptothreads on January 23, 2020, 10:34:03 AM

Quote from: sjbi on January 23, 2020, 08:13:54 AM

For me, IEO and ICO are not much different. They are similar in collecting money to fund idea. IEO is just an advanced mode of collecting money and it claims to provide investment security more than ICO. But talking about investment security, there are crypto projects launching IEO on exchanges are running away under different pretexts.

In fact, IEO still has many strengths, which make many investors feel interested in investing. I think IEO will take less time and certainly you will not have to wait too long to sell that coin.

In addition, high liquidity is something that any investor wants, so it is sure that IEO will be much better than ICO. However, you should only join IEO at big exchanges that are proposed to reduce the risk when choosing to invest.

They both have their own strengths and weaknesses, it just so happened that the altcoin community is so focused on investing and gaining profits right now that IEOs rise. Low blows on ICO's end with the constant scams and trust issues among the investors made people think bad of ICOs. But all in all they are really good ways to promote cryptocurrency investing in my opinion.

Quote from: Faxmate on January 19, 2020, 05:32:53 PM

Quote from: iamsheikhadil on January 19, 2020, 07:52:37 AM

While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!

Yeah that’s true our rich people and Position’s use to invest their Kirby in crypto but the want to get all the profit alone. Governments are opposing crypto in some countries but not all over the world. So if in your place you are lucky though. So government are not our enemy but we will have to remain determined about our investment

You. can't just attribute every failures to the government. We all know very well how governments are and it is not hidden from sight that they're nothing but fat pigs. What do we do to stop the cycle? We work hard. Get a second job if you can, maybe even adjust your investment strategy so you can earn more while lose less. Save money. There is much to be done if we stopped on complaining and do the work ourselves.

Quote from: btccashacc on January 19, 2020, 04:47:07 PM

Quote from: funbarrel on January 19, 2020, 12:06:37 AM

Even though the euro's value is higher, in terms of dominance it can not beat the dollar. After the Second World War, the United States is a nation with almost three-quarters of the world's gold reserves. No other nation will compete with the gold reserves of America. That's why the dollar became the dominant currency and the world's exchange rate benchmark. The dollar will remain the dominant currency as long as the American state remains strong in politics and economy.

Indeed when it comes to alternatives for securing assets, USD will be chosen as an alternative besides the Gold, this is because people believe that the country is strong whether in politics or the economy. If you can see in a country where an economic crisis happened people will convert their cash into foreign currency such as USD or other currencies such as Euro, Dollar Singapore, etc, in order to escape from the collapse.

And they are also expanding their horizons by mining oil and other natural resources, they went brezerk with these resources to gain the upper-hand in the end. But it's still evident that as technology progresses, people would need more than what they could provide, that's the reason the dollar is slowly dying. It's what most cryptocurrencies depend on but if the dollar is to die, it could still go on.

Quote from: Baby Dragon on January 22, 2020, 03:23:55 PM

Quote from: bassbity on January 22, 2020, 02:18:48 PM

Ponzi scheme is very dangerous, especially OneCoin has deceived many people with the lure of a big return. Is it possible that with the return onlines, the WB site will have a new strategy to prey on its victims? I am worried about this.
Because in my area there have been many victims of the Ponzi scheme and this is not from OneCoin but he also has branches in various countries so this must be careful not to be fooled by the offer.

We should analyze every decision that we are making because we can't easily guarantee if their intention was good, it's the reason why we have to be cautious particularly these days that they are capable on finding a new way to deceive us such as using promises and sweet lies to manipulate people's way of thinking. We should acquire our own experiences to avoid having the same mistake and facing the same situation since one mistake can change everything that's why we have to think carefully to make sure that our funds are safe and secured from scammers. We can't just trust and believe their promises because it will be useless if being greedy strikes them, you will just end up with nothing and regret your own decisions.

It's much better if we can advise newcomers in the cryptocurrency world about what to look for or look after especially with investing, that makes it much easier to weed out scams like this. Or they can report this to the local authorities if they can. But I highly doubt the latter will work since as they mentioned these perpetrators are connected all across several continents. So unless countries work together to ban this onecoin, advising people will be much better.

Quote from: puertorikosena on January 22, 2020, 10:38:36 AM

I think this initiative will be very useful for beginners, especially for people who think that it is dangerous to use cryptocurrency. General information and fixing in practice will help people understand the benefits of cryptocurrencies and blockchain. I am sure that many will be grateful to you for this.

And much better, they're basically not selling bitcoin's profitability as an asset that causes weak-hearted people to invest in bitcoin. Selling the basics and in-depth knowledge instead of convincing them to invest with how many dollars they can gain from this gets all the people who are here to support bitcoin's journey on surpassing fiat. Which I think is neat and really good.

Quote from: outatime1 on January 14, 2020, 02:58:05 AM

A global economic crash might help gold and Bitcoin some, but out overall situation would probably be worse than we are now. In other words, it would probably be a new negative for our way of life. I would rather just have fiat currencies just lose value relative to Bitcoin.

The negativity this will cause will far outweigh the help it could give bitcoin. Sure, this might cause people to resort to bitcoin because of the dollar being useless, but if the dollar will be hyperinflated due to this economic crash, bitcoin might not be able to process all of this and could then cause bitcoin to collapse as well. Not to mention the panic that this could cause if ever.

Quote from: JahriMeayer on January 21, 2020, 05:12:43 PM

Quote from: Cacingkemi on December 06, 2019, 07:05:55 PM

I think after the Facebook coin was launched, there is a possibility that the coin is a potential coin that we should try to use as an investment asset or be used as a form of trading, because Facebook coins must have prepared everything in detail so that it has a goal that the coins can continue to be developed in the future. besides that, of course Facebook already has its own media source that is suitable for promoting the coin to its users and of course it can affect investor interest.

yes that's right, LIBRA coins will have uses for transactions on the messenger application, this will make it easy for people to transact via applications on messengers such as friends, family or relatives, and those who will buy LIBRA coins later so the use of LIBRA coins is very useful

Or they can just use the facebook coin for compensation among their influencers. They not only made us of facebook coin, they also advertised its use to their users with the thickest supporters. These facebook influencers can then use these coins however they like, as long as it's listed, they can have it be up for trades on exchange sites and then use them for profit or to further their investment.

Quote from: outatime1 on January 13, 2020, 10:08:36 PM

Even just one Bitcoin if you hold it long enough should give you a big profit since this is still the early stages of Bitcoin development. The key though is holding it for a few years to at least double your money.

The estimates provided might imply bitcoin becoming a bonafide cryptocurrency which can be used as a replacement for fiat. If that so happens, we would need all the bitcoin we can have. Because as bitcoin becomes more and more adopted and as it reaches it's main goal to become a coin, not an asset, it's price is also expected to decrease, if that so happens then people would need to get as much coins as they can in order to ride the wave.

Quote from: yulionoo on January 21, 2020, 11:34:52 AM

increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.

Bitcoin's investment environment is very different compared to where gold is situated now. We can't just assume that bitcoin behaves like gold because of statistical data shown as of late. We better observe the market to see what we can do at the very least to gain the maximum profits we can gain or instead support bitcoin's path to becoming a bonafide coin capable of surpassing fiat.

Quote from: alyssa85 on January 21, 2020, 11:08:02 AM

https://www.bloomberg.com/news/articles/2019-11-05/venezuela-is-now-more-than-50-dollarized-study-finds

Quote

Venezuela’s economy is increasingly dollarized, with more than half of retail transactions now being carried out in U.S. currency, a study found.

An estimated 54% of all sales in Venezuela last month were in dollars, according to a survey by Econoalitica, a Caracas-based research firm.

In Maracaibo, the country’s second-largest city, about 86% of all transactions took place in dollars, according to the study. The city has been one of the worst hit by blackouts, which has rendered credit card readers useless for days on end.

As Venezuela has become dollarized, inflation has come down. Even their idiot president Maduro admits the dollarization (which was done by citizens spontaneously ignoring their govt's ban on dollars) is a good thing.

A year ago, some of us were hoping that Venezuelans would have adopted bitcoin as their currency (or an alt). But the rolling electricity blackouts not only mean you can't use credit cards, but you can't use cryptocurrency. So they've gone with old fashioned US dollars in cash.

This whole real life case study shows that cryptocurrency won't get adopted in poor countries (because of lack of electricty). It will get adopted in rich countries - rich regulated countries.

You have a good point, underdeveloped countries will definitely have a hard time adopting bitcoin as their currency. However, this can be solved easily if not only for their president, for the record, solar energy and pther renewable resources are much cheaper compared to the traditional fossil fuel burning, which also disrupts the ecology of the location. These things can be considered and be used as permanent solutions to problems they face electricitiy-wise.

Quote from: mu_enrico on January 21, 2020, 12:01:36 PM

Quote from: d.kevin29 on January 21, 2020, 07:30:10 AM

Actually, it could solve some economic problems we're currently facing. The only reason it doesn't yet is because it's not only still in its infancy, but adapting to the way Bitcoin works is way harder than we believe. We obviously cannot see the difficulty of it because we already know how to use it & how it works (or at least a part of us, BTCTalk members), but you can clearly see it as soon as you try to tell somebody who has never been in this market before about Bitcoin.

No mate, in economics, if we talk about economic problems, it is related to scarcity because of limited resources.

Quote

All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited.

https://www.economicsonline.co.uk/Competitive_markets/The_economic_problem.html

That said, using Bitcoin as money does not make resources magically become abundant.

Quote from: d.kevin29 on January 21, 2020, 07:30:10 AM

Bitcoin might not turn us into the financial freedom we deserve to live into, but the world is surely being changed by it as we speak.

Financial freedom itself is a meaningless jargon popularized by "scam" motivators or shills. The idea about a person that can buy anything without "thinking" or employ some "work" is impossible because of limited resources, as mentioned earlier.

But Bitcoin can level the playing field. A person in Indonesia could compete with a person in Europe for some artwork paid with Bitcoin.

Compared to fiat, bitcoin whales have little to no power over the price. They could pump or dump the price by a few thousand dollars but not too extreme unlike with fiat. Nevertheless, it's still sad to see that most people die of hunger and poverty while there are the 1% who controls basically the world now. Hoping that when bitcoin comes around it shows a much more desirable future for everyone.

Quote from: Wysi on January 20, 2020, 04:32:58 PM

As of today, situations have calmed down and moreover both the US and Iran are dealing with their own internal issues and I don't think Iran would afford to go on war with US at this point due to internal conflict and daily protests which had partially paralyzed the country before the assassination of general Solemani, Iraqi protests to keep Iranian out of their country's internal affairs and the casualties it has faced due to involvement into MiddleEast battlefield. I don't think they would go for war.

This is good news indeed at the very least. One thing we can now guarantee is that a large-scale war wouldn't happen, or at least we have kept it at bay. Nevertheless, I'm still hoping that these continue to go on because if it doesn't and war happens, cryptocurrencies are not gonna be in the best position. Bitcoins are basically embedded in the internet. And since war obstructs technological advances and uses it for militarisation instead, I believe the internet won't be accessible for us.

Quote from: Wipeout2097 on January 19, 2020, 12:27:01 PM

Every Technology have pros and cons and cryptocurrency have also,Cryptocurrency major hurdle in legality use of illegal activities. Fiat money also used in the illegal purpose like money laundering but government fail to completely stop the money laundering.

Cryptocurrency also can be traced and the illegal transactions can be minimized,New innovation are in pipe line to track the crypto transactions and if government legalize the crypto it will be more easy to discourage the illegal activities of crypto.

Crimes involving cryptocurrency can't be excluded from the equation. People saw an opportunity to use bitcoin and numerous other cryptocurrencies and exploited it to gain an unfair advantage from others while remaining their anonymity. It won't be bad if we out in a few regulation or two just to ensure that transactions using cryptocurrencies are much safer. That way there'll be less people losing money over crimes.

Quote from: Obito on January 20, 2020, 02:59:47 PM

Quote from: owmivmen on January 19, 2020, 01:51:47 PM

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.

Yes but I don't think so as the value depends upon the market. Having tons of altcoin doesn't prove you are more ahead than people who are holding BTC relatively you do have more in count but the thing is that it still rely on the market price itself. Well I cannot convince you either, but don't get the idea wrong. Besides if BTC pumps hard alts will just be influenced on the other end.

It depends heavily on the market trend really. Altcoins are a lot easier to purchase than bitcoin which costs a fortune to even get one, while most altcoins can be bought with a single paycheck. In terms of profitability, I can't say that altcoins are better at this since their lower prices means they have lower gains. But altcoins provide diversity in the cryptocurrency world which is really good. So it heavily depends on your lifestyle and how you take care of your investments really.

Quote from: Eugenar on January 20, 2020, 05:36:10 AM

Quote from: clickerz on January 20, 2020, 05:06:39 AM

Add to that is the hype that the situation in Iran, Venezuela, etc created. It created the hype that everyone being aware even not from that situation ride the situation and increasing the transactions. The more people being aware, the more they will use bitcoin and hopefully adoption which we expect is here.

On my opinion, the situation in iran is quite obsolete to be taken as the reason for the sudden increase in transaction rate we are experiencing right now. Yes, there might be an implication with this tension to the market but that is for about weeks ago already. Market correction has already done last week and the reason for me is because it is time already, that most of the traders see the good chance to buy at this time, and it is purely based on the market itself with a little push by the thoughts of bitcoin halving that will probably occur soon.

It could've caused a sudden dump or something in bitcoin's price if we were to consider the conflict going around Iran right now. But since it's so miniscule in regards to it's impact to bitcoin's price, we can't really give credit to the issue arounf Iran right now. Apart from that, the increase in transactions won't necessarily mean that bitcoin's price is going to increase, it has to be mostly cashing in and lesser people pulling out in order to make an increase, and it also have to be a large number of people doing this in order to make a difference in the price.

Quote from: Mihaylovic on January 19, 2020, 05:31:31 AM

Quote from: wobber on April 16, 2011, 09:25:39 PM

If that's even his name. Just read the bitcoin wiki on him and I'm amazed. Nobody knows him.

Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?

How can someone create something so great and not stepping out to get the credit?

I don't know who satoshi nakamoto is but. i know 2 things;
1: Creig Wright is not saroshi
2: Satoshi disappeared because he would be named as an owner in bitcoin. And this would reduce the reputation of this decentralized system. He is smart.

Not really, having someone who creates it doesn't mean that it'll be centralized or something, he can hsow proof to the public if he intends to, but I believe that the real reason why Satoshi Nakamoto has not shpwn himself and will remain anonymous is because of the drawbacks of being famous. He'll lose the life that he once knew. He'll become an instant celebrity and a focus of the negative side of the world. He or She or They, doesn't/don't want that, and so he/she/they chose to stay unknown.

Quote from: Amel on January 19, 2020, 01:39:31 PM

From some of the members' suggestions above, in my opinion it's very precise and the fees used by bitcoin are now very normal and the same for everyone. But if you want to send bitcoin at a lower cost again then you have to sacrifice your patience by waiting longer.

So far the fees sent by most wallets nowadays are really low compared to how it was 2 years ago. It's much more cheaper to carry put transactions through bitcoin now. But electrum is one of those wallets that gets the job done for me if I do say so myself. It has lower fees compared to most bitcoin wallets on the market. Might wanna give it a shot yourself. Otherwise you would have to sacrifice your time to get free or at the very least low transaction fee.