lharost

Weekly Report (Week 10: 22 December - 28 December) Date: 28/12/2020 Cryptotalk username: Iharost Link to cryptotalk: https://cryptotalk.org/profile/217411-lharost/ Telegram username: @Iharost Betfury nickname: Iharost Link to posts Signature: 1.https://cryptotalk.org/topic/106981-the-coinstokens-that-you-think-will-have-a-better-future-comparing-to-others/?do=findComment&comment=11398391 2.https://cryptotalk.org/topic/7669-which-coin-is-top-perfoming/?do=findComment&comment=11400451 3.https://cryptotalk.org/topic/47530-will-there-any-super-bitcoin-be-generated/?do=findComment&comment=11408445 4.https://cryptotalk.org/topic/102856-cryptocurrencies-are-bubble/?do=findComment&comment=11459493 5.https://cryptotalk.org/topic/99064-false-news-in-the-world-of-crypto-causes-a-lot-of-loss/?do=findComment&comment=11461595 6.https://cryptotalk.org/topic/10997-warnings-about-buying-bitcoin-legal-problems-in-your-country/?do=findComment&comment=11464335 7.https://cryptotalk.org/topic/40420-support-deny-or-stay-in-shadow/?do=findComment&comment=11470928 8.https://cryptotalk.org/topic/108421-if-you-had-to-choose-between-faster-transaction-time-and-securityprivacy-what-would-be-your-choice/?do=findComment&comment=11491541 9.https://cryptotalk.org/topic/298357-what-makes-bitcoin-special/?do=findComment&comment=11495395 10.https://cryptotalk.org/topic/110833-always-try-to-be-an-investor-instead-of-a-short-term-trader/?do=findComment&comment=11497664 11.https://cryptotalk.org/topic/9508-is-it-true-that-samsung-is-looking-to-launch-a-cryptocurrency-project/?do=findComment&comment=11523408 12.https://cryptotalk.org/topic/41131-who-will-buy-when-bitcoin-will-on-highest-price/?do=findComment&comment=11530824 13.https://cryptotalk.org/topic/60584-how-will-the-financial-sector-will-be-with-crypto/?do=findComment&comment=11563985 14.https://cryptotalk.org/topic/17339-how-and-where-do-you-spend-crypto/?do=findComment&comment=11565246 15.https://cryptotalk.org/topic/26096-if-there-is-no-exchange-does-crypto-still-run/?do=findComment&comment=11570376

As long as crypto exists there will be some exchanges... Now governments can do their best and prevent people from creating centralized exchanges but decentralized exchanges and trading platforms is out of their control and they can't do anything about them. It's one of the reasons why platforms like Uniswap are getting so popular day by day, because that way their users don't have to worry about these platforms going offline because of their new jurisdiction laws or something.

Of course you should have some Bitcoin for long-term hold and on the side you should also have some BTC to buy stuff online. For example Amazon does support Bitcoin payment and as you know you can find almost anything there, in addition to that many software companies are now accepting Bitcoin a s a form of payment method, so there's a very good chance that if you want to buy a full version of a software you would be able to pay with Bitcoin, for instance Tradingview have premium plans which you can buy using Bitcoin.

Better, faster, more efficient and with almost no chance of corruption. That's one of the main reason as to why government officials trying so hard to stop cryptocurrencies from more adoption with more tax laws and other restrictions. At the end of the day crypto would be best for the people to have alternative ways of using payment systems that have no relation to governments and so you know you're not being tracked all the time.

How do you know that's the highest price though?, Right, you don't. That's the reason why so many people still buy even when the price is constantly increasing and considered to be too pricey to buy for some people. For instance let's say someone buys bitcoin at $25k which is really high in most people's opinion and after a while it goes up to $27k and he sells there with profit, that person still made the right decision regardless of the fact that bitcoin was not cheap, that's the main reason why so many people buy even when the price is really high, they still hope that they can get some profit out of this.

Other companies would do the same if they had no restrictions regarding that. Samsung is a South Korean company and as you already might know that is one of the better crypto friendly countries and I believe that's why some other companies might have problem with adopting blockchain and any kind of crypto into their devices. Apple users also can buy crypto using Apple pay which means there are other companies that are stepping more towards crypto and blockchain technologies. https://asiatimes.com/2020/12/apple-pay-users-can-now-buy-crypto/

That's actually true, new traders will find it very hard to make short-term profitable trades, well which is due to the fact that they just entered the space and have no idea how things work yet. They can just easily pick 2-3 good projects, and put a very small amount in each one of them and wait for a while so that they get into positive and sell them for a bit of profit, but it's very important to not invest too much specially if you're going to wait for long-term profit since if you put large amounts of money into coins and tokens you might need your funds for your expenses after some time and that means you could be forced to sell in loss.

One word: Decentralization We live in a world or in countries that their governments put all their efforts into controlling their people and track their every step even when they're online, this will help them to predict any kind of trouble that can be caused by their people and be prepared for any kind of outcome(good or bad). You know what's the result of that?, it means people that are unaware of this would think they are free while as a matter of fact they're not and every single transactions that they make is being watched and tracked by banks which are a tool in the hand of governments and they can use those data against you whenever they want.

I don't like XRP and I see that as a shady project that eventually could lead to disaster for its investors and traders and it's just a matter of time. If you want fast transactions it's better to go for Stellar(XLM) which is actually faster that XRP in terms of both speed and transaction fees and you could see it as a better version of Ripple over all and their team actually showing some sign of competency which don't exist in Ripple(XRP) at all.

If the country you live in already have some rules regarding tax on crypto then it's better to comply with the rules just like others. Whether you like it or not tax is going to be received by the governments on crypto assets as well as other assets and Fiat so there's no point staying in the shadow, taxes are a source of income by governments so that they can build improvements in cities and pay for other expenses that every government has to pay for, if there was no tax it would be really hard to be able to afford all of these many state organizations and their workers income.

Change your IP address using VPN, VPS or any tool that can safely change your IP to use crypto and you will be fine, it's almost impossible for governments to track every single person and see if they use any tools to change their IP and use crypto, considering it will cost a lot of money to do that and doesn't make sense for them financially, in US there are many people that use bitcoin or access to crypto platforms like that right now. You can not wait for the government of the country you live in to legalize crypto because many of them won't make it legal anytime soon and you really don't want to miss out on crypto train because of that.

That was a thing of the past, now Bitcoin has been almost unaffected to all kind of bad news and more than anything else it shows market maturity. I suggest you to do the same and forget about all news because these news are being used by big market makers to make you sell or buy whenever they want you to so that they can buy cheaper and sell at higher prices, in a way you could say they use these news channels to change the market sentiment in a way that's in their benefit the most. So just stick to the technical analysis(TA) and fundamental analysis(FA) and don't bother and distract yourself with these noises.

Those who say it's bubble are mostly those people that lost the opportunity to buy crypto and Bitcoin at cheap prices and with saying all those things they're trying to deal with the fact that they missed out. Never listen to the voices of people that have no experience in crypto and maybe just heard some information about this on some news channel or something, instead you can use your time well and read tons of articles that was wrote by those that actually have some experience in crypto and really educate yourself and get better at what you're doing while you're active in crypto space.

What do you think other projects and coin are doing or at least trying to do?, there are already many other coins that managed to be faster than Bitcoin and also have cheaper transaction fees, but of course they were able to do that now because things are different and in a form easier now than in 2008-2009 when Bitcoin was created. In 2009 what Bitcoin managed to establish was great but it's just that every technology gets old no matter how well you built and the only thing you can do is either update it (like what Bitcoin lightning network did to Bitcoin) or just create another coin.

2020 was the year of Bitcoin, as for the growing in price potential I would take a look at Ethereum since I believe it still didn't have the increase in the price that it should've had. $1200-$1300 Ethereum should be easily achievable in 2021, as your probably know that they still haven't released ETH 2.0 that could bring some new feature that no one still knows about it which will eventually lead to huge increase in demand in the coming year.

I agree with you on low transactions fees part and that's very important as a coin to be able to confirm transactions in a shorter period of time comparing to your other competitors. But I think every coin should be able to offer a bit more than just low transaction fees, something that is new and makes you shine among the tons of other coins and projects out there, specially if that's something that could have a use case by many people around the world and you can see the adoption of it going worldwide.

Weekly Report (Week 9: 15 December - 21 December) Date: 21/12/2020 Cryptotalk username: Iharost Link to cryptotalk: https://cryptotalk.org/profile/217411-lharost/ Telegram username: @Iharost Betfury nickname: Iharost Link to posts Signature: 1. https://cryptotalk.org/topic/108032-be-careful-which-platform-you-choose-for-investment/?do=findComment&comment=11213109 2. https://cryptotalk.org/topic/106981-the-coinstokens-that-you-think-will-have-a-better-future-comparing-to-others/?do=findComment&comment=11214503 3. https://cryptotalk.org/topic/108421-if-you-had-to-choose-between-faster-transaction-time-and-securityprivacy-what-would-be-your-choice/?do=findComment&comment=11217597 4. https://cryptotalk.org/topic/21691-keep-btc-in-safe-place-right-now-it-will-keep-you-safe-in-future/?do=findComment&comment=11238321 5. https://cryptotalk.org/topic/153984-crypto-in-danger/?do=findComment&comment=11284588 6. https://cryptotalk.org/topic/45546-how-do-you-feel-when-you-lose-money-on-crypto-by-day-trading/?do=findComment&comment=11287524 7. https://cryptotalk.org/topic/327969-why-cryptocurrancy-cant-be-accepted-by-countries/?do=findComment&comment=11289303 8. https://cryptotalk.org/topic/37634-can-crypto-replace-other-currencies/?do=findComment&comment=11291587 9. https://cryptotalk.org/topic/326872-how-bitcoin-grew-without-team/?do=findComment&comment=11305907 10. https://cryptotalk.org/topic/319993-wich-country-is-most-friendly-with-cryptocurrency/?do=findComment&comment=11308522 11. https://cryptotalk.org/topic/298283-is-my-personal-information-protected-while-using-cryptocurrency/?do=findComment&comment=11312744 12. https://cryptotalk.org/topic/332822-useful-posts/?do=findComment&comment=11317565 13. https://cryptotalk.org/topic/20876-is-there-anyone-here-doing-arbitrage-trading/?do=findComment&comment=11336810 14. https://cryptotalk.org/topic/325497-bitcoin-between-a-new-record-and-a-big-drop/?do=findComment&comment=11340474 15. https://cryptotalk.org/topic/333168-in-terms-of-working-in-a-crypto-talk-forum-do-you-think-mobile-is-fast-or-computer/?do=findComment&comment=11341950

I think Bitcoin will stay higher than $10,000 for a good while and that's what matters. Even if tomorrow bitcoin goes down to $14k-$15k it is still considered to be normal as a correction is always healthy for any market pair and that doesn't mean because it just went down 30-40% in a day it's a bubble then. I think the most crucial price for Bitcoin is now $10k, if it can hold that for a year at least it's a very good sign for the whole crypto market and it means we will soon have another good altseason like what we had in 2017.

Do not trust random people on internet, or maybe that's your post on reddit and now your shilling your post to get more views there. Any way arbitrage trading 99% of the time does not work on crypto market The first reason is withdrawal or transaction fees that you should pay to send a coin or token from the exchange you're using at the moment to another one. Second reason is fake liquidity and volume on exchanges which basically means you would not be able to sell or buy at the price that exchange shows you.

Yeah, that's the whole point of cryptocurrencies. They're trying to remove any need for verification that requires any sensitive information from the users and instead just make use of what's necessary which are private and public keys. And because all the information about transactions are merely codes and information that can not be connected to any user personally, then even those information that are being placed on the blockchain as a record can not be used against anyone in any way.

Some Asian countries and some other countries with weaker economy are the ones that are most friendly towards using crypto, and for the right reasons too. Those countries that their economy is weak and their national currency just keeps losing value can really benefit using crypto, since on blockchain everything will be transparent and more secure which makes it more likely for their people to trust that instead of pieces of paper that are printed by their government without them giving any information about how much money they printed which could estimate the true value of their currency that they'te holding.

You really are comparing XRP which is a centralized pre-mined coin to Bitcoin? also don't forget the difference between total supply in circulation between these two. It doesn't matter if a coin or a project has a team or not and whether they're anonymous or not, the most important deciding factor is the project itself and what it offers that is new and could change thing for better. Bitcoin got to this point in terms of value because it offered decentralization when no other project did, and it did it in a way that was so good that it still being used after 11-12 years.

It definitely will happen but you can't be sure when, the traditional banking system has a lot of flaws that cryptocurrencies don't have, they also have new features to offer as well, so their only goal is not to just solve problems with our banking system and other payment methods that we use, but it also aims to provide people with an all around complete payment method that has no limitation and people around the world can just transfer funds to each other without any limitation and government involvement.

Those are simply excuses that were given by the governments and they're not the real issue. The real problem of government with cryptocurrencies is that they eventually will replace banks and banks are one of the best sources of income for governments in the form various fee, loans and other services. They are very well aware of the fact that if they just make using crypto totally legal they will have trouble controlling their people as they are right now as transactions would be almost totally untraceable using crypto and they just don't want to give away the control that they have right now while also having a very good income from their banks.

Unless you're trading with too much money that you can not afford to lose you should not feel that bad when you lose some money on trading. There's no guarantee that any of the trades that you take is going to profitable and you always should be prepared for the worst and you should have your stop-loss and take profit ready for such things that could happen at anytime, if you are really totally ready for the worst it's very unlikely that you lose that much money that even ruin your day let alone your portfolio.