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1  Bitcoin / Bitcoin Discussion / Re: I invested $100 for 18 years for my new born nephew on: January 24, 2022, 03:08:28 PM
First of all, congratulations. The house will never be like before. Having a kid in the house makes the family and its home become more alive.

I just hope though that you at keast briefed him about the basic functions of a wallet and the importance of the keys you gave him along with a little introduction about this industry because if not, that'll be a big problem if he somehow loses the private keys.

Also, if it were me, I would've chosen another coin other than bitcoin within the top 10-20 simply because of better potential returns. But still, 15-18 years is a long time, bitcoin may just be the better choice if you don't want the hassle of reading through a coin's white paper, developers, community etc. Anyway, good luck and again congratulations!
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will 2022 be the year of ETH 2.0? on: January 24, 2022, 01:45:53 PM
As we can see, it is taking a bit too long and at the same time, tons of coins and projects that have the same usecase or more but has better features, lower fees and faster transactions. Which is why more people are realising that there are much better choices out there. And as this goes on, more people will jump boats and see Ethereum as something to hold instead of something to utilize. If the team does not deliver good changes when it finally come out, we can expect more decline despite of the "early bird" advantage.
3  Local / Pilipinas / para sa mga na wiwindang din sa mga conspiracies about whale manipulation on: January 24, 2022, 01:20:49 PM
So eto na nga mga kabayan, mula sa topic na "bitcoin as a commodity market?" Umabot tungkol sa conspiracy theory about sa market manipulation ng malalaking crypto whales at nagandahan lang ako sa sagot nung ka forum natin na si franky1 kasi sobramg eye opener response nya. Kaya yun e.she.share ko dito baka makatulong kasi baka me mga katulad ko na matagal na sa industriyang ito pero me mga misconceptions padin.

alot of people think its "whale" manipulation of exchanges.
but after studying things. its not. its actually the minnows


in 2013-4 when the markets were $400 there were whales making walls of 1000btc
obviously with prices at $40k now it means a similar 'wall' only needs to be 10btc deep

this is because although the market is portrayed as supply and demand. where instead of 2013-4 supply was only 12mill coins and now there are 19mill.. the more supply in circulation has not resulted in more supply on the market.
eg. if average order was 2btc in 2013-4, youd think with 50% more in circulation average orders would now be 3btc

however, most market orders now are of 0.01btc-10btc not 1btc-1000btc in earlier years.

meaning there is probably an equal 100x less coin in exchanges offsetting an equal 100x more price.

sellers have figured out that buyers are not spending more money. they instead are spending the same amount.
so if someone in 2013 wanted to spend $600 a month he would get 1.5btc in 2013-4. where as now he would get 0.015btc.

the market price does not mean someone in 2013-4 who regularly paid $600 a month to buy crypto is now buying $60,000 a month.
buyers value per order has not changed. and so its the sellers who dont want to crash the market by selling 1.5btc now or even 2.25btc with there being 50% more supply in circulation than in 2013-4.
instead decide to play the economics game, offer smaller amounts of coin

imagine it this way. a seller.. with 1.5btc. wanting $60k
right now he can make 2 choices.
sell 1.5btc at $40k/btc =$60k fiat
sell 0.1btc(15 times) at $4.01k= $60.15k   (0.1*15=1.5)

sellers find it easier to not try selling 1.5btc at 40.1 as that creates a wall keeping price below that, but if he has small orders that fill of 0.01 for $401, they fill fast and are seen as a price lift to $40.1, even without buyers having to buy up tens of thousands of dollars to achieve it.

what im saying is dont worry about the only last few whales pushing 10btc.. instead watch out for the minnows putting in 0.01btc orders spaced out by $1 a coin meaning small orders causing large movements in prices

sellers realise instead of trying to push 1.5 coins on a market which can cause the price to go down. if they sell small portions in small amounts at a slight premium. the buyers dont notice the big hit as much. but it pushes the market price

ill add this for reference
screenshot taken from binance whilst writing this post


When it only takes  0.32725btc to                         When it only takes  0.31331btc to
change the price by $6(38772-38766)                   change the price by $7 (38773-38780)


then you know the problem is not due to lots of orders or lots of buyers/sellers.  but instead its the LACK of traders, which means that a price can change, not by 1cent amounts but by $2-$3 in one order line fill

if there were thousands of users:
which would put orders 1cent above the next and so order fills would only move by 1cent
or
many people will put lots of coin on one priceline meaning it would appear  as 1-20btc not 0.02btc
but instead.. look at
SELL 3->4 one order fill can change the price by $3.39
BUY 2->3 one order fill can change the price by $4.35

code can prevent big whale wallers, but human emotion and greed will play the opposite and find a way to play the markets
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 24, 2022, 01:12:11 PM
its a public forum, the quote button is there for a reason. so go ahead. i have no issues with it

Thanks. I'll do so now Cheesy
5  Bitcoin / Bitcoin Discussion / Re: Man lost everything to Crypto on: January 22, 2022, 09:48:51 AM
This is so unfortunate. This guy is well versed in what he does and still ended up in such a state while some lucky people don't even know what they are doing but raked in millions of dollars. You just gotta have to laugh at life when seeing all these sht. Meanwhile, I also saw a video on tiktok where a guy is having his tantrum over lost college and all funds saying his life is over while cursing at bitcoin. Seems that things are worse for him than the guy in your post. This is a lesson for small jewbie plebs out there.
6  Economy / Economics / Re: The Metaverse economics and Meta-laws on: January 22, 2022, 09:21:52 AM
I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.

Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?

The Metaverse seems full of legal, philosophical and economic questions yet to be answered.

Great topic to talk about.

It seems to me that we can only speculate on who or which group of people will be part of the governing body of the metaverse or anything like the sort in the future. And I believe that on the way to making the final decision for the core members of the governing body will be messy because a lot of parties or individuals will aim for this type of power.

Only by the time though that the governing body is decided is when we will he able to have an insight of what type of laws or rules will he present in the metaverse etc.
Regarding the laws or rules in the Metaverse, there are still very few formalizations. We're still in the news that it's unclear where this will move in the future. but what is certain is that Metaverse is the largest platform and also has a high financial nest, so the role of the government will include providing regulations that are later centralized and difficult to secure privacy for each user.

Regarding the control group, they are those who have already invested heavily in the development of the Metaverse. Over time the existence of a certain group always benefits and will control 50% of the finances in the Metaverse. Taxation and regulation must be a point for the government to receive multiple benefits compensation.

Indeed it is still in such a young phase and that despite this being the fact, some existing laws can be used.
The only thing that worries me though are the personal interests of the parties that have power in making decisions regarding things about the metaverse. If greed and selfishness reigns over I pity the small plebs like me not being able to maximize on the opportunities that this new thing can offer. Still though, it is indeed better than nothing.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 22, 2022, 07:59:57 AM


This has been very helpful and now I am seeing the market in a widely different perspective. It seems I have been scaring myself with the wrong things. Thanks for sharing this information sir. Really feels good to know a bit more which can improve my future decisions. Right now, having this information I would like to ask sir if you would permit me to quote this information and share it to the local board so I can help some of my countrymen who also have the same misconceptions as I.
8  Other / Politics & Society / Re: Are humans the superior forever? on: January 22, 2022, 07:38:22 AM
Well, if we look at how we have come to be after lots and lots of years, it won't be impossible to imagine that one way or another some more adaptive and superior type of species will emerge after another lots and lots of years again. That is, if the solar system doesn't go such drastic changes that makes it entirely impossible for this planet to be habitable for any type of specie or organism. But then again, we won't live to see that day so, . .
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What Altcoins will Rock in 2022. on: January 21, 2022, 05:13:54 PM
What type of coins you think will perform in 2022 ?



I don't know about you but instead of altcoins, you better focus on NFTs instead: the good gifs, images in the current trend and are about to form a new trend along with those virtual real estates. Besides these, the best the ng to watch out for is the gaming industry that are related to crypto. Believe me, the crypto gaming industry will blow up in the coming years. It may even get close or if not such a push, surpase the trillion marketcap. Dude. Today is the time that can be compared to the time when bitcoins were so damn cheap. Be wise.

Good luck man.
10  Economy / Economics / Re: The Metaverse economics and Meta-laws on: January 21, 2022, 03:46:08 PM
I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.

Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?

The Metaverse seems full of legal, philosophical and economic questions yet to be answered.

Great topic to talk about.

It seems to me that we can only speculate on who or which group of people will be part of the governing body of the metaverse or anything like the sort in the future. And I believe that on the way to making the final decision for the core members of the governing body will be messy because a lot of parties or individuals will aim for this type of power.

Only by the time though that the governing body is decided is when we will he able to have an insight of what type of laws or rules will he present in the metaverse etc.
11  Local / Pilipinas / Re: Conflicting news tungkol sa pag gamit ng Binance P2P at UnionBank! on: January 21, 2022, 03:23:48 PM
Nabasa ko nga yang problem na yan tapos pinabulaanan din naman mismo ng UBP na hindi daw totoo yun at sila pa rin ang pinaka-crypto friendly na bank sa bansa which is naniniwala pa rin naman ako. Mag 2 years na din yung account ko sa kanila at nagagamit ko bilang gateway sa mga trades ko kasi mabilis sila at ngayon naman wala naman akong narereceive na notice at problema. Nag-apply lang ako thru app nila tapos nag send lang din ng docs thru app tapos verified din kinabukasan. Virtual lang din account ko at wala akong card nila kasi ayaw ko mag apply pero pwede ka kumuha kaso may bayad.

Sa pagkakaintindi ko sa issue na to, yung mga account lng sa UB na me malalaking transactions from p2p ang nakaka experience ng problems. Kase sa akin pati sa mga tropa ko na gumagamit ng binance pati UB, wala naman problema. Siguro me mga nakapag report lng ng cases of money laundering tapos marami rami ang pumansin kaya na pipilitan mag take ng further action of precautions UB/Binance towards sa mga account na me mga suspicious transactions/source of funds.
Posibleng ganyan nga nangyari kaya na-flag sila ng system na parang may suspicious activity. Tulad ng hindi naman sila madalas magkaroon ng malalaking transactions kaya maaring nag-trigger ng AMLA yung transaction na ginawa nila.

Kaya nga. Tapos yung kawawa nito yung mga bago na baka ma mislead sa information. Kadalasan pa naman tamad mag basa. Kaya mas mabuti na bago esa publiko, kumpletuhin muna info or lagyan ng parang disclaimer of sort. Lalo na na mainit takaga crypto sa halos lahat ng regulators except n lng sa mga countries na crypto friendly talaga or papunta na sa pagiging crypto friendly (o di kaya totally accepted na ang crypto) like El Salvador or brazil.
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 21, 2022, 03:04:22 PM
excessive greed can lead to exploitation. but thats why bitcoin is good, it has more rules than say bank notes(cash)
you can write rules into bitcoin and into exchanges.

for instance to avoid large volatile pump and dumps on exchanges. the exchange can code a 'circuit break' that freezes market trading if the price dips by more then x% in one order, or one hour of orders

i already sated some summarised bitcoin features that circumvent some exploitations, but bitcoin also has many other rules to protect users. the only thing it cant protect is human emotion. so people still need to keep themselves in check and be responsible for their actions.

EG human emotion in cash transactions. is where for instance a retailer yesterday had price tickets for milk at 1.20 and overnight the retailer changed the ticket to show 1.40, and customers then have to just accept they are paying 1/6th more

where as on bitcoin exchange markets, the exchange could code rules so that anyone making a sell cant sell 1000 in one order and instead limit it to 1btc per order, aswell as limiting how many orders from that user can be allowed per minute. to prevent fast spikes/crashes

in code, any rule can be made, thats how code works. it makes rules.
bitcoin has much more safety potential and already active safety than say bank notes/human emotion


So to sum it up, conspiracy about price manipulation really isn't real and is hindered by the rules set by the codes? Welp. It seems I am scared of nonsense then and that the real problem is not price manipulation but crowd manipulation and one's control on his or her self emotions when making decisions. Every day is another chance to learn. Thanks.
13  Economy / Economics / Re: Money and happiness. on: January 17, 2022, 06:26:25 AM
Money does not guarantee happiness. In my opinion, money and happiness are 2 different things. Happiness can be found in simple things.
I find it strange when there are people who do everything they can to earn money and they think it's for their happiness. I think that mindset is wrong.

You really cannot blame such people because everyone wants to be comfortable and have security. And with this, money is a vital thing. In contrast, even having a lot of money doesn't mean you are rich. If you do not have satisfaction, or people to share the good times with, money and all the wealth loses their value. Being rich a lot of people will stick with you but the majority of these people are only with you for the good times and not through the bad times. In this state, I can only say you are poor.

But those who barely have some but are satisfied with simplicity and are free from the shackles of social statuses and standards, they are the ones that are truly rich and fortunate.
14  Other / Politics & Society / Re: What Role Can I play to Solve the world's problem? on: January 17, 2022, 05:56:16 AM
The best way depends on the perception of an individual. As for me, I would rather focus on succeeding in all my chosen endeavours and be mindful of the things I have control over rather than being highly divulged on matters that I cannot control or have no power to influence. Quite hard fo explain but I think is understandable. The main point is that for me, best decision is to start fixing and improving yourself physically and emotionally to be a person with good morality, high standard decision making and more which will make you a productive person in your community that people will one way or another admire and respect making you a bigger droplet that make bigger ripples in the ocean. You can just imagine if most of the people have this kind of mindset and actually take action. How big of a wave do you think it will cause? How much influence can it make?
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A quick question!! on: January 17, 2022, 05:37:49 AM
Wow, that question was so fast! Lol.

Jokes aside, Elon Musk having his influence on dogecoin or any crypto was inevitable. Even dogs remember and learn what is not good for their health or is painful for them. It is only natural that the masses will understand that Elon and the people who understands his tricks are only capitalizing on the sheep mindset of the masses. Too bad though that dogs are even better than some people since there will still be people that would choose to not abandon their sheep mindset either because of honest stupidiy or stupidity by ego.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 17, 2022, 05:20:39 AM
As long as greed exists, there is always money to be made, and when there is money to be made anything that can be exploited will he exploited regardless of what it is. Be it crypto currencies or natural resources.

philosophy and nature:
though from nature of caveman and apes. we have had the natural 'ability'' of greed and exploitation. although modern civilised culture has managed to disrupt and suppress the exploitation, via laws of many things, such as making theft illegal and fraud.
however laws are still loose in regards to greed. gluttony is not a crime. capitalism isnt a crime. so in modern times greed is still part of our nature and culture that has been allowed.

everyone wants more then they have. if we didnt we would starve, by rationing food. we would be poor by not seeking wealth, we would be unentertained by not wanting more from life.
though greed can lead to exploitation, it doesnt mean it will. thats why bitcoin is code, because code makes rules.

bitcoin is decentralised to avoid exploitation by hackers trying to edit block data and transactions.
bitcoin is immutable to avoid the exploitation by chargeback refund scammers
bitcoin requires signatures to avoid the exploitation by fake identities pretending they own the coin


Indeed greed is vital but it seems I came short of explaining. What I actually meant was excessive greed. Since too much of anything won't do any good. And by exploitation (since I am not good with techy and programming topics) I meant taking advantage of patience, kindness, naivety, etc., or manipulating market through a wide variety of ways. Having Musk's brilliant way of leading sheeple as an example, or if conspiracies are your thing, whales communicating with each other to control market pricess and take from small guys their bitcoin (or any crypto in that matter) cheaply. Which may morally look wrong in the eyes of some but is the law of the jungle as we call it.

Which is why I tend to focus on things I can control instead and make the best of the cards I'm dealt with to avoid headaches.

(If quite messy to understand, apologies. Really not that good at expressing thoughts since this isn't my primary language)
17  Economy / Economics / Re: 2022 Savings and investment plan on: January 17, 2022, 04:59:46 AM
Good decision. If only the masses value knowledge more than profits lee people would lose money. But then again, few people would also gain money lol. But seriously though, you should strictly follow that plan. If you do, you will find the flaws in that olan by yourself and will learn which parts to change in order to make your plan more productive. The point is, you did a good job not being impatient anymore(if you were in the past) and are treading the waters carefully by reducing risks and prioritizing knowledge and experience more.

I believe you will succeed. Goodluck.
18  Local / Pilipinas / Re: Ang crypto after ng isang super typhoon. on: January 17, 2022, 03:44:34 AM
Depende lang talaga to sa pananaw ng isang indibidwal. Kase maraming mga bagay na pwedeng mangyare at di natin alam kung anu-ano lahat ng yon. Pero para sa akin, hindi problema ang walang kuryente. Kase ma aayos yan eh, meaning hindi sya malaking problema specially ngayon na mas nag poprogress pa lalo ang technologies sa mundo. Sooner or later mas bibilis ang pag ayos ng mga problema tulad ng power outages etc.

Another point na dapat e consider is pati atms and banks ay walang magagawa in times of power outages. So ganun rin naman. Better decision is to be in the middle or better yet, mas maging leaned sa crypto (40-60) tutal di naman tayo everyday nag dadala ng 50k pataas na cash. Big buys kadalasan credit cards naman, at kung cash, di rin naman everyday. So better na e keep n lng  sa crypto ang portions na di naman ginagamit for beter profits leaving only a percentage para sa emergency funds and expenses.
19  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 17, 2022, 03:23:23 AM
Such a good read. Even with the topic or thought being pretty common, it still piques my interest and makes me ponder every time I encounter it. The main thing here though is the people's greed. As long as greed exists, there is always money to be made, and when there is money to be made anything that can be exploited will he exploited regardless of what it is. Be it crypto currencies or natural resources. The price of bitcoin, we can only speculate until all coins get mined. But even then, price will still continue to be volatile. Either way, we won't reach such time so I prefer to focus on the near future instead and secure a future for my offsprings leaving the far future for them to oonder about.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: How reasonable is the long-term investment in Altcoins? on: January 17, 2022, 03:02:47 AM
Not all altcoins can be held for a long term return. Some are just meant to make good profit with the volatility then back off or take advantage of the hype get a good profit and abandon the project for another. Only a few altcoin can guarantee one a good return on a long term base. To hold on a long term means a deep research before holding

That's how the market works, you need to understand and you need to assess each project that you wanted to participate.
Not all are good for a long while, some are, but most of it is just plain hypes and only those who know the game well are there
one who really gains a good amount of compensations.


The fact of the matter is that as long as you make profits, timeframes won't matter. That is, if you as an investor invested first on knowledge either with money or time (paid or free knowledge)  before investing on any asset. This is what'll make the difference between a winner and a loser. Now with how much you win or lose is a different story which depends on risk tolerance and experience.

But then again, there are those that are lucky as hell that win lottery-like jackpots on crypto investments which is very rare though.
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