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2001
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Economy / Economics / Re: Are we heading towards Recession?
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on: December 20, 2019, 05:58:12 PM
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I feel there is a recession upcoming with all the GDP's falling between an egoistic trade war, Laying off in big corporate is getting higher these days and spending on lavish things is also decreased. It may be an advantageous thing for BTC but not for common people.
International businesses are being strucked by the trade war, economy slows down and we might face a recession again for the upcoming years. I'm afraid for what the small people do when this happens, like when America and China's ties has been cut due to their ongoing conflict what would they do about it? Even if cryptocurrencies are here to catch us only small fraction of the worls will be at good. It keeps me think of something behind all of this. |
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2002
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altseason Has Almost Arrived For Altcoins.
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on: December 20, 2019, 03:10:53 PM
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Lol, I bet you're hoping that some of those altcoin traders will register on Kucoin—one of the exchanges known for hosting poor liquidity shitcoins that are liable to pump and dumps.
Any exchange with such a lax listing procedure should be boycotted, since a huge number of people lose their money due to investing in absolute trash coins that are newly listed on Kucoin.
And no, it's nowhere close to alt season, what part of losing 90-95% of value in the last 24 months makes you in any way, shape, or form bullish on altcoins? You would need to be seriously delusional to start investing in altcoins right now.
Since after 2018 I lost my confidence on investing and trading on altcoins coz that's the time when there are bunch of projects that has a low goal some projects even have a poor quality whitepaper that escaped the offerring stage with newbie investors. I invested on Konios Token (KON) that is listed on HitBTC but due to low trading volume it delisted and nowhere to find now. Honestly there are just only not above 10 altcoins that is worth engaging now, what is left is just a pure crap. |
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2003
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Economy / Trading Discussion / Re: Have you not relented in viewing your account wallet?
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on: December 20, 2019, 02:17:10 PM
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What's the use of looking at your wallet when you know what you are trading and how much gains you are having in your trades.
Looking at your wallet won't increase your profits but will surely make you worry from time to time.
I just want to emphasize this one since a lot of traders this day has this habit of monitoring their portfolio from time to time making them confuse on the situation they get into since the market is very volatile. Instead of monitoring your portfolio, I advice to do market analysis (TA) from an hour interval so you'll have the vision on what can possibly happen next. Be patient and just go with the flow and carry on with your trades as long as you are gaining profits from it.
Some people takes trading very seriously which in fact it should not be treated that way. I must agree on you with go with the flow and tides of the market. |
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2004
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Economy / Economics / Re: Europe is against Libra. Who else?
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on: December 20, 2019, 12:57:40 PM
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My question is - will launching Libra change the statement 'cryptocurrency is not money' in better way or it'll make worse?
It's a tossup. It'll expose the masses to "cryptocurrency" and make the idea more accessible. However, Libra is highly controlled. Transactions can be reversed, accounts frozen. It'll give people the wrong idea about what (decentralized) cryptocurrency is. Right. Libra can't call as a cryptocurrency. It's merely a token that uses Blockchain as a platform. It isn't decentralized and still controlled by others. Due to ignorance, most people overstate the launch of Libra, but Libra is not worth like a cryptocurrency. It is entirely different from what Satoshi Nakamoto wants to use Bitcoin and Blockchain to prove to everyone. You can't tell now what is Libra for because it isn't already in operation yet but I have to disagree on you calling Libra can't call as a cryptocurrency. Libra will be a stable coin, an asset backed crypto which means it will be used as means of trading for buying and selling goods/service. You can't just hate non-existent stuff but if you do it will be just a pure assumption. |
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2005
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Economy / Economics / Re: I got a question about QE
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on: December 20, 2019, 09:57:14 AM
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It seems like Fed are uncontrollable really. I don't know about the internal affairs of America but the series of huge money printing is an obvious way of planning to create hyperinflation. They are putting the dollar value in expense of printing money out of thin air. Because lets be realistic , if you had a money printer , wouldn't you just go absolutely nuts with it and distribute back to the population at interest?
lol that is an absolute abuse of power and realistically the government does not want that to happen. If they do so, they are just digging their own grave. |
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2006
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Bitcoin / Bitcoin Discussion / Re: Maybe satoshi is dead
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on: December 19, 2019, 06:21:55 PM
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maybe SATOSHI is dead and BTC is at mercy of GITHUB developers, owned by blockstream
what you guys think ?
i think no, sathosi nakamoto still life he is just hide their identity for reason that we does not know. and people ask why sathosi nakamoto hide their identity but i think there is a reason who ca not speak in the publik. but there is no guarantee about your statement or my opinion was true. because i believe that satoshi nakamoto still life and it make bitcoin can grow untill now It is just a waste of time if we keep on thinking about satoshi. Unless or until he comes up in media and public, there is no point discussion on his existence. No matter who he was, but he left with us the great invention of him, the bitcoin which is truly a revolutionary change for the world in the coming years. It's not a waste of time giving values on the creator of bitcoin. Dead or alive, Satoshi must be respected for opening the gates of the currency revolution. Maybe he's glad right now watching us use his creation. But don't just focus on who he is or where he is now, the fact that Satoshi did not showed up and introduced himself is a sign that he does not want any fame or popularity but a peaceful mind knowing that he created a great invention such as bitcoin. |
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2007
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Economy / Trading Discussion / Re: Buying bitcoin and several altcoins
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on: December 19, 2019, 05:13:08 PM
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This is very classic potential scam scheme, just a random guy who is afraid on exchange to show his/her identity as if he has an image to protect. If you really want yo buy a coin you could've get opinions which escrow is good to use rather than directly asking for people to buy, It really looks like a scam with your new account. Or you could've bought in exchanges that has no KYC.
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2008
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stop shielding Scam,fake, or unproductive altcoins project
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on: December 19, 2019, 04:24:33 PM
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With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.
While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course
in my opinion, what we need in the new token offering is an escrow for the payment so they can't run or decline to pay after the token offering This is completely impossible. First of all the token offerring is the early stage of establishing a coin so they would know if the project can get to the masses to be invested and supported. Now they cannot just pay instantly without a success in offerring and this thing should be bear in every mind of the bounty hunters. That is why project researching is a must to know if the porject is legit and productive.
KYC for the team behind the offering and maybe some video call from a member of the team for legit check
many people stop investing in crypto or joining some bounties because of scam in altcoin
but i think it will be different if they can provide some proof that their offering is legit many people might change their mind
im just hoping some website can implement it or make some requirements here in bitcointalk before they start bounties and announcement
I might agree on this one but there is just one thing I am skeptical about and that is where arw they going to do KYC? I mean they can get fake names and fake persons to do that for them so it can be easily faked. You have a point on having requirements before starting a bounty but this is an open forum tho. |
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2009
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Economy / Economics / Re: Top Three Emotions to Check to Succeed!
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on: December 19, 2019, 01:51:05 PM
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Agree with your views, I always fail in this market by my greed. I have held a lot of altcoins since the beginning of 2018 and in the hope that the price will quickly surpass the old ATH because the market is getting excited. But the result was a series of altcoins I held collapsed and I did not cut losses. I still keep my opinion, the price will definitely go up soon. And so far most of those altcoins are dead, and my greed has made me lose a lot
I think many friends here have experienced like you, including me. our greed when seeing the market continues to rise as if making us forget that the market can collapse at any time. especially at that time there were no candle prisoners to the left of the candle at this time. regret is allowed, but we must be able to fix it Well greed become our vice on trading and investment because we think that there is an equal risk (50 to 50) even not weighing the variables. On top of that is the market changes time by time that affects the decision making of ours. Greed after greed, stop loss after greed is what makes our portfolio in silly situation not making enough when the market has the best opportunity to grab. |
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2010
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Economy / Economics / Re: Exchanges are rebelling against constant hard forks
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on: December 19, 2019, 11:57:39 AM
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It would have been much easier to understand whether or not the delisting is a political move had the exchange released some percentages as to the amount of business trading eth and bch brings them.
This is not a political move, it is a small exchange with a 24 hour trading volume of $450,000 according the reported volume by coinmarketcap which pale in comparison to the big exchanges in the market and their decision to delist ETH and the other fork coins is because of the technical issues they will have to encounter when a fork happens and if they are not careful they will be paying a huge prize and hence i understand why they are delisting ETH because of the massive change they are planning to implement but i still do not understand why they want to remove Bitcoin cash now as i am not aware about any upgrade from them. Only small exchanges will suffer on what the ETH is going to change, with the technical sides on ethereum and other hard forks the compatibility is the very vital to be stable. But if these small exchanges are going to delist eth due to hard fork then Bitcoin cash and Bitcoin Satoshi Vision is at large when they go for changing protocols and transitioning transactions. |
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2011
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Economy / Economics / Re: bitcoin might be over but blockchain will live
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on: December 18, 2019, 05:34:19 PM
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Nah, you're wrong, Bitcoin is not going to die. The reason why some of you say that Bitcoin is going to die is because you see the price fall. Price falling doesn't mean that bitcoin is dying, the price fluctuates because BTC is volatile. The only thing that matters most is how many people are ready to make use of Bitcoin, the price doesn't really matter. As long as people are still making use of Bitcoin then it is not dead, even if the price should fall down to zero.
We think that bitcoin will not die because of its price right now, thousands higher than the others so that is why we keep telling it to ourselves but what is real is that bitcoin could actually die, not now but it is possible. The fact that it is decentralized speaks a lot, its price and reputation gained from people's trust on which can be relinquish again especially now that we have better cryptocurrencies like EOS.
The same thing with Blockchain, it's not going to die as well. Blockchain is going to be used in lots of ways and not only transaction. It's left for us to discover areas where they will be useful.
Blockchain as multi-field in tact is impossible to die. I believe that it id thr future's technology of data security which means protecting of public good so there is no way it will be just a thing to set aside. |
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2012
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is traditional mining dying?
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on: December 18, 2019, 04:25:47 PM
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only the big miners that can survive in the mining contest. So many miners are moving from the big coins to the medium or even small coins. I believe that's why so many people are choosing the dying as their answer to the polling. The difficulty increase combined with the halving makes the profitability in the mining crypto is getting worst and worst day to the day.
That's not a big surprise to see that and i personally will choose the same option as those people.
I couldn't agree more on this statement. Small miners tends to stop for a while in mining til it back to profitable as usual or worst case scenario they'll quit mining, why? coz why not. Electricity consumption is at expense on mining generating more electricity rate than the reward for mining. Centralized mining are the only one who can sustain their operation but I guess they were not generating too much from it and they are doing it just to maintain the mining. And worrying if what does the halving would bring to our miners. |
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2013
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Economy / Economics / Re: Future without Middle men big way, but big Question?
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on: December 18, 2019, 03:31:43 PM
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Blockchain economy will expand. What happens to the banks in this case. There are two possibilities. The banks will either disappear or turn. Because the current order carries a risk of collapse. Banks see this before us and take positions accordingly.
Its either you have to join and embrace the system or ceased to exists. I think banks should adopt or utilized the system and I think it is even starting now as other banks are allowed to have or develop their own cryptocurrency. Banks now are very selective on what they are going to adopt aside from most popular ones, and if they'll find it will be a stable one for sure. It's good to see how the bigger banks are initiating to utilize the revolutionary currency giving more freedom to people. The concept of being decentralized is indeed against the government and banks as no one controls it.
Frankly speaking the government does not want it, until they noticed how it changes people with using the crypto compare to fiat now they are claiming it. But it would really be bad if decentralization takes over the people, there would be a chaos in the market and small people will lose it. |
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2014
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is KuCoin better than HitBTC for trading altcoins?
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on: December 18, 2019, 01:59:54 PM
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I have accounts with both exchanges but I only trade on HitBTC when it's the only exchange listing a particular coin I want to trade. The transaction charge on it is way too outrageous and seems manipulated. As for Kucoin, it's a more decent exchange. The ease of navigation on it makes it a darling of many. It's user friendly. Again, it's a copy of Binance exchange in outlook
Me too, I trade on HitBTC when there is a coin available on them where I need to or want to trade but I'm not using at as my primary platform to trade. Reading some comments on HitBTC makes me feel bad for them, they let a silly stuffs to get into them, no doubt they are benefiting from it earning negative trust from people. For me Binance is the best place to trade follow by KuCoin and BitMex. |
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2015
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Economy / Economics / Re: If we can see a country with 'Bitocin standard' monetary system
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on: December 18, 2019, 12:55:47 PM
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The moment you see any government trying to officially adopt bitcoin you can be sure that they are going to try to manipulate it to their advantage, we know that politicians all around the world are corrupt and it doesn't matter what tool you give to them they are going to try to find a way to get their way with that tool, just look what happened to gold, one of the best forms of money that we have available was corrupted to the point that governments could create mistrust in it and they could introduce their fiat currencies with impunity.
Indeed. Even with paper cash, some government officials are using their powers and trying to get money from the people. What more if they'll be given a chance to manipulate cryptocurrency. They might take more. Even if other says that they only want the good for the people who wants crypto and Bitcoin to be legalized, behind that smile for sure they're hiding something on their sleeves. Corrupt can't be removed from the government. They'll just take advantage of our money even with cryptocurrency In order to cope with these challenges I feel that crypto currencies shall always remain decentralized rather than being governed by any government body. There is no doubt that corrupt people are everywhere no matter how strict the policies or rules are, those in power always find ways to exploit poor. Bitcoin shall be legalized but people shall never accept centralized digital currency. I agree, instead of monetary system why not just a universal digital currency? Bitcoin to be centralized would just ruin everything from it and small investor will be at silly situation. Any country doesn't need bitcoin, but every people should have bitcoin. We must watch the countries that already engage with bitcoin adoption in many cases like banking so we can learn from it or prevent it to happen. |
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2016
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Looking for bounties
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on: December 17, 2019, 05:45:30 PM
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Hello guys, I'm looking for a new bounty to join. May I have some suggestions/recommendations?
I bet you're seeking opinions coz you can't find a good one right? But it seems that we all are getting hard time finding a good bounty, I would like to suggest the Emirex and PG Pay since I find their page and the project interesting. Aside it depends on you with what bounty are you looking for it's either weekly payment or the one that takes long to pay. |
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2017
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Economy / Economics / Re: 2020 Good for USA dollar Bad for USA stock market
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on: December 17, 2019, 04:13:55 PM
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Stock market going down I dont think will directly correlate into crypto caps exploding. While that might happen I dont think they are tied at the hip yet. Crypto gains are a snowball, a little upward movement creates media spikes which in turn kicks in fomo and then the intense swings upward happen.
Although there is no variable to corelates the crypto market and stock market still it's noticeable how the stocks went down and crypto is moving up. It's actually a seesaw right now for the btoth market. I guess that the stock traders re slowly getting into digital investments rather than conventional stocks trading as it is hot right now. Let us see for the year 2020 what will be the thing, stock or crypto, but I'll put my bet on crypto. |
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2018
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Local / Others (Pilipinas) / Re: Anung dapat nating tandaan, at dapat maging maingat ngaung darating na pasko
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on: December 17, 2019, 02:29:09 PM
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Mahalaga rin na siguraduhin natin na may 2FA lahat ng mahahalagang account natin para kahit makuha ang password natin, di basta basta mananakaw ang laman ng mga wallet. Dapat ugaliin na natin na maging ma-ingat sa atin account at sa mga link na pupuntahan kahit di panahon ng pasko.
2FA IS A MUST! my google 2 factor authenticator saved me once. Meron nag try na buksan yung google account ko dati at nung una akala ko yung kapatid ko lang na binuksan yung laptop ko at napakielaman nya pero nung napansin ko na paulit ulit tinatry at sunod sunod yung send sakin ng OTP e nagtaka na ko so binuksan ko yung gmail ko at nakita ko na nga yung activity is coming from somewhere in Cavite which is napakalayo sa lugar namin so agad ko pinalitan yung password ko. Simula din non nag uupdate na ko ng password ko every month. So enabling 2FA is must talaga. |
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2019
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Economy / Trading Discussion / Re: How long do you hold on a trade.
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on: December 17, 2019, 01:54:56 PM
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We all know it was difficult for a novice or newbie in come in trading, We always experience some mistake and losing profit in trading.
So in the start we enter in trading we need to know if we encounter some problem we accepted if already. Actually not only you experience like that even if the professional in trading they also make them mistake and regret after they remove some coins they put it already in the exchange site and later going higher up.
Experienced trader making mistakes is a sign of healthy market, why? Coz it is simply shows that the market is very unpredictable which surfaced the trading in a flat standard. But beginners tends to commit mistakes in trading more often obviously they are new but they should have researched what they are entering since it is very hard to perform a move when you do not know when and where to land your feet. |
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2020
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Economy / Economics / Re: bitcoin might be over but blockchain will live
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on: December 17, 2019, 12:37:45 PM
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It was not the intention to show that bitcoin has major flaws. Sorry on that.
Despite the flaws of bitcoin it managed to dominate the market even there are many other coins that is much better than it, why? because bitcoin already gained the popularity it needs to be respected and gross reputation through the years. I guess this is another FUD, well it really looks like FUD spreading because of the bitcoin gradually decreasing price right now. One thing is for sure, bitcoin will never be over. |
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