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December 05, 2019, 09:57:24 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Does crypto help to diversify your investment portfolio? on: Today at 03:12:54 PM
It does help, though the risks are higher, especially if what you're considering are those altcoins that are maybe irrelevamt or a whale could just crash it to death. Still, we have to acknowledge that cryptocurrencies provide another space for investment, although still it isn't meant to be a speculative asset, but rather has a main goal of having an alternative payment system.
2  Economy / Speculation / Re: Wtf? All red on: Today at 11:06:11 AM
Whales do it pretty much most of the time. Especially this season, and the halving is just a few months , that's why they dump to buy it at lower prices that would guarantee more profit once the bubble starts to go. Give it some time, hold your investments and once you have passed your buying price by a few hundreds or even thousands, you could sell tl cut losses.
3  Bitcoin / Bitcoin Discussion / Re: Satoshi should be in Time's influnetial person of the decade list on: December 04, 2019, 11:28:49 PM
Starting a petition could gain some traction and possibly more new learners of Bitcoin and other cryptocurrencies through educating who Satoshi Nakamoto is. And even though his real identity has not been disclosed, he has proven to be one of the most influential especially in relation to financial possibilities and government separation.
4  Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies? on: December 04, 2019, 12:18:26 PM
It's not because they're ignorant, but rather they choose to stay away from adoption to keep current banking systems that (1) provide them easy tracking of person's details for whatever their reason is (criminal tracking/surveillance), and (2) cryptocurrencies give people the power through financial freedom, which the government doesn't want since illegal activities might increase in number while getting harder to monitor and solve such cases on an anonymous blockchain.
5  Bitcoin / Bitcoin Discussion / Re: Why Did Satoshi Nakamoto Choose 21M as Bitcoin’s Maximum Supply? on: December 04, 2019, 03:56:19 AM
He might have do his calculations and averaged out current monetary system's supply, and also decided the smallest amount (unit) available to somehow match the need of a payment system that could handle smallest to large sums of transactions, because that's what he envisioned it for (an alternative way of payment). And as we can see, 1 satoshi could handle even smallest USD cents, and even though it's too small of an amount, it could change depending on how USD/BTC price trades, which I can consider as future-proofing.
6  Bitcoin / Bitcoin Discussion / Re: Maybe satoshi is dead on: December 03, 2019, 03:44:10 PM
It's quite irrelevant these days whether he is really dead or not. He has already made his legacy and is probably resting somewhere, or in heaven. Either way. the technology, and his mind-opening ideology made us realize at one point in time that separation in financial institutions and government is possible to transact and trade goods and services, without their surveillance. Although this is the main objective of Bitcoin, we could still say that true separation is not possible, as government would always try to regulate/control anything under their watch.
7  Economy / Exchanges / Re: Coinbase Holds a Whopping 966,230 Bitcoin ($7B) in Cold Wallet on: December 03, 2019, 02:57:01 PM
Similar thread here: https://bitcointalk.org/index.php?topic=5206249.0

Although this seems to be more appropriate in Bitcoin Discussion. It's true that risks can be found in such a way of handling funds. If the wallet holder decides to get it all though, it would be a lot of risk to him/her since his/her identity is known already, unless the private keys are "stolen" (as they might say), in which case solid evidence must prove the theft. And it would be hard for the thief to get it in cash/fiat because the address used to steal such amount would be closely monitored for transactions, as the blockchain is transparent.
8  Bitcoin / Bitcoin Discussion / Re: Have there been any money laundering schemes that used cryptocurrency? on: December 03, 2019, 02:20:06 PM
If the exchange is not implementing any KYC policies, and does not care about how much money you're getting into their exchange (assuming that a money laundering scheme would involve large sums of money), then they can probably use cryptocurrencies, especially those top ones such as Bitcoin and Ethereum (because they still need the money to be safe, and not store it on just any shitcoin). However, if the exchange implements KYC or starts asking questions if they have a limit of how much you can exchange, then authorities can contact these exchanges and help them solving the case.
9  Bitcoin / Bitcoin Discussion / Re: After years in this space...I am now a BTC/ETH maximalist (Both are important) on: December 03, 2019, 12:56:27 PM
In terms of scalability, Ethereum does win over Bitcoin. And I also do agree that in practical financial uses, Ethereum proves to be more useful than Bitcoin. As of now, I only see Bitcoin as speculative asset for traders to play with, and only a few establishments and enterprises support using it for payments. This is because of its scalability problems and government oppression. Stablecoins does also prove something but has problems in terms of centralization.
10  Economy / Speculation / Re: Should I Buy Bitcoin Now? on: December 02, 2019, 03:55:18 PM
As far as I know right now bitcoin price is little bit low and in near future price will rise again. So I think it is best time to buy Bitcoin.
It really depends on your sympathy to the current market situation. If you believe that it would still go lower, and the downtrend would continue, then it's better to just wait a little bit before you think it would not go any further. However, if you're skeptical and thinks that there's no time for another dump and the next bull run is soon to happen, maybe within a few months, then whatever fluctuation it is having right now, you should really buy today, considering that it dropped almost $2k from $9,000+ in the past weeks.
11  Economy / Economics / Re: Coinbase Holds a Whopping 966,230 Bitcoin ($7B) in Cold Wallet on: December 02, 2019, 03:14:01 PM
I'm also quite skeptical about such kind of publicity. But I guess it attracts more investors and traders into their platform. It gives potential clients assurance and comfort knowing the reputation of Coinbase is backed up by the whopping amount of their holdings. I think they know what they're doing and whether or not they have that amount, it's an advertising strategy and positioning their dominance in the market, now that another halving would occur and an increase number of new investors are expected to eye on cryptocurrencies.
12  Bitcoin / Bitcoin Discussion / Re: What other uses does Blockchain have aside from Cryptocurrency? on: December 02, 2019, 01:24:16 PM
Blockchain is not only for cyrptocurrency. Several companies have admitted in using blockchain to store/aid them in their day-to-day operations. One example is Coke One North America (CONA), Coca-cola's bottler association, uses blockchain to monitor and manage their supply chains. One point in time, I have also seen a post here in Bitcointalk regarding a decentralized cloud storage that uses blockchain, which I am not sure if made it or not.
13  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 02, 2019, 08:25:49 AM
No promise has been declared, nor any assurance of government's non intervention. Sure thing that Bitcoin aimed that separation from the government and traditional financial methods, but saying that it assured it would be maintained that way is utter false. You cannot stop governments from interfering with anything unless you (the people) demolish your own government, in which case it would just be chaotic. They could, and would, monitor all things under their sovereignity because that's their job.
14  Bitcoin / Bitcoin Discussion / Re: Make Bitcoin 'QUANTUM PROOF'! on: December 02, 2019, 07:08:34 AM
Why? We don't need Bitcoin to be quantum proof for now because there's no actual quantum computer in our age. Google claiming that they have quantum supremacy doesn't mean anything to Bitcoin.
That's right as of now. But think ahead. Quantum computing would possibly be the next thing. Prevention is better than cure as they say, and while it may seem quantum computing is still not a thing, researchers of cryptography should start thinking of methodologies and algorithms that would be considered quantum-proof. Because if not, then once quantum computer get a hold of the required computational power, time is shorter to protect the network.
15  Economy / Speculation / Re: What's going on? on: December 01, 2019, 11:36:46 AM
Can't predict accurately who does this, but whales are what I only see that can do such manipulation desptie steady uptrend on the price. If you look at the charts, the dumps are quite steep and its either large players or manipulators. It's quite normal months before the anticipated halving, manipulations are a thing for these whales to profit as much as they could until the next bubble that would happen.
16  Bitcoin / Bitcoin Discussion / Re: French High School Students Will Learn About Bitcoin And Crypto on: December 01, 2019, 10:36:05 AM
By means of "covers", means that it would just introduce them the word and its background. No digging up deeply to its framework and advocacy. I think what the government wants to do is just to educate younger minds about the "possible" currency of the future, rhe cryptocurrencies. It's to make them informed that such things exists and not only a thing of selected communities and isn't only for illegal activities, which is a good move for the start of cryptocurrency adoption.
17  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Be the Saving Grace for Ailing Banks? on: December 01, 2019, 09:54:15 AM
They could not totally prohibit Bitcoin because total ban is almost impossible. Acquiring Bitcoin and other cryptocurrencies is quite easy through unregulated exchanges. And if ban is implemented, demand for it might rise which would further increase Bitcoin's price.

I don't see it as saving grace too for them. It might aid them for awhile but personally, I think people would just trust exchanges more than banks that would monitor their purchases. Even worse, they might advertise cryptocurrencies aggressively to innocent ones without them knowing of its volatile nature.
18  Economy / Economics / Re: Does halving really create deflation? on: December 01, 2019, 06:47:50 AM
First of all, Bitcoin is naturally a deflationary currency since the start. Given the fact that it has limited supply, time would come that when supply is maxed out and demand keeps increasing, its value would increase, and with higher price, makes its purchasing power higher (opposite of inflation imposed by government on fiat by producing more money/supply).

Now for the halving, slower supply generation with assumption of steady Bitcoin demand, would short the supply and create the same effect (deflation). That's why halving is associated with uptrend of prices. Also to mention that the sudden half supply generation is quite a large percentage in one blow (50%).
19  Economy / Economics / Re: New law enables german banks to sell and store cryptocurrencies in 2020 on: December 01, 2019, 02:29:54 AM
For me though, I agree on some points. (1) It's a possible desperation move, given the fact that recent news regarding adoption of Bitcoin, cryptocurrencies, and blockchain in different applications in society, (2) It's still uncertain if it would get passed since EU's regulation and theirs are conflicting, and (3) they might advertise it aggressively to innocent clients and profit out of them using cryptocurrencies, further bringing negative image to cryptocurrencies for being a 'scam' as people might think.
20  Economy / Economics / Re: HSBC Bank to shift $20 billion worth of assets to blockchain-based Digital Vault on: November 30, 2019, 03:28:47 PM
It's hardly any correlation to have with Bitcoin as of the moment, and based on the news that came out. Though this is generally good for blockchain adoption, it won't affect Bitcoin's price that much. If also this is the words from them, it seems like HSBC is having some problems gaining profit and have finally decided to join the blockchain-powered system. They may still have to employ though, with higher salaries since they would need a lot of developers and security analysts to maintain the order on the system and prevent any harm, such as hacks and exploits, from happening.
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