kyoukage01

Then what are you doing here, talking to me with your posts? 😒 You're trying to do a discussion with me, right? I'm taking a neutral approach to this discussion, while you think I'm being too optimistic. If that is what you think, then suit yourself. But try not to make it too personal, like I'm THE only person left on the forum. And you do realize that activities on this forum is not just limited to posting discussions, right? There are also crypto-related announcements by mods we can read (with Google Translate if necessary), although they are currently more active in the Russian section. As for the rest of your comments directed to me on that post (and any more succeeding ones on your next), I'm not going to answer them anymore because we'll only go off-topic and personal at this point. I'm not going to repeat myself, like what you're trying to say. Yes, that one. Would you mind updating it along with your elaborate analysis and future prospects for the token? At least the forum admins should be able to get some useful feedback from you. Can we get back to the discussion now? So, you think there's no hope after all? Is the following quote nothing but a farce for you? Why do you think so? https://cryptotalk.org/topic/106294-new-payment-and-rating-system-for-the-forum/?do=findComment&comment=14894956

Please take note of the word "probably" in my post above. Frankly, I'm not expecting too much about the reconsideration either. If they bring back the payment campaign, great. If not, then tough luck. I'll still do some activity in the forum either way. Even back when there was payments in this section, I'm not that active either. Me, an active member who just posts 2-3 messages a day on average? No. At least I still visit and post on this forum even when there is no payment. You should know - you've visited my profile a few hours ago. How about you? Any updates on the TALK token analysis on your own topic? Again, try to read my post carefully. Notice the word "possibility" over there? Whether or not there will be signature campaigns or airdrops here under the current situation is up to the forum admins and/or campaign managers, really. And I'm not that ignorant enough not to notice what is going on here either. Any other comments you have, other than another antagonizing remarks? At least this quote, I agree with the disappointment. But not to the point of shutting down the whole English section. The forum as a whole will suffer even more reduced internet traffic if the English section is to be taken out. Not everyone can read the Russian section, so obviously non-Russian speakers are not going to visit the forum, and whoever is running this whole forum probably won't like that reduced viewership.

That would probably depend on how active the English section is after getting removed from the payment system, and how the general content of the section has improved over time. As of right now, I think the activity and quality of the section isn't enough for consideration of returning the section back into the payment system. It is not my intention to bash others, but now I can see which members are in this forum for genuine crypto information/discussion and which ones are only active for the money (sats and tokens). ROTFL 🤣🤣🤣 Anyway, there is still the possibility of running a signature campaign on this section, but with the obviously current lesser member participation, it may be difficult to convince the campaign managers to do so.

Crypto analysts have in the past months been stressing that the cryptocurrency market needs a healthy correction when BTC blazed past the $60,000 mark. Now, they got what they wished for, although probably not the season-long(?) fear market we're experiencing right now 😁 . I'm guessing that September will mark the end of the fear market season. That is the time when El Salvador will officially recognize Bitcoin as legal tender, with supporting rules and regulations and all. That would also be enough time from today for displaced crypto miners from China to set up their rigs elsewhere.

In another topic, I posted an update with a shared link where other South American countries are now trying to emulate El Salvador even though it hasn't been fully implemented yet. Listed are Guatemala, Panama and Paraguay (with even a couple or so African nations). When it comes to national policy on crypto, El Salvador can be said to be creating FOMO on a continental scale 😂 . Even when I was still learning about crypto, I was shaking my head at why crypto (BTC) mining is too centralized on China. But with the latest crackdown, maybe this time crypto mining can become more decentralized. Crypto experts (at least what I've read so far) also agree that this will benefit the crypto industry in the long run, but for now we should brace ourselves first for what this situation is currently causing the crypto market. All the more reason why Musk's alleged crypto market manipulation via Twitter is something to watch out for. Traders can take advantage of the FOMO/FUD Musk is causing whenever prices become volatile due to him 😂 .

Offender: Gamal34 Profile Link: https://cryptotalk.org/profile/269885-gamal34/ Case/s: useless content (multiple offense), referral spam Comment: Judging by his join date and his post, he must have been one of those many spammers back in October who managed to escape the banhammer. But he's just dug his own grave by making a referral spam topic in the wrong section and getting unwanted attention. Evidence: https://cryptotalk.org/topic/356121-httpslimitfastcomloginmrbodyabdo/ https://cryptotalk.org/profile/269885-gamal34/content/?all_activity=1

Remember when I mentioned the 'domino effect' on the post above? After writing that, this article came up a few days later. source: https://ph.news.yahoo.com/bitcoin-el-salvador-cryptocurrencies-price-latin-america-230140891.html There are quite a lot of positive and negative points in that article that are worth pondering on. Even if El Salvador didn't adopt Bitcoin now, another country will do it sooner or later. For Bitcoin to move to the next level of global adoption, it is inevitable that one nation should take that necessary step. Whether President Bukele did it for the sake of his people or for his personal gain (of being remembered in history as a crypto pioneer) is none of concern for the rest of us. But how a nationwide implementation is going to be done smoothly is going to be a problem, because there is no such precedent AFAIK. Your concern thus isn't entirely without merit, because if El Salvador fails, global cryptocurrency adoption will be delayed for a long time as a result. EDIT UPDATE: September 7, 2021 has been marked as El Salvador's date of official recognition of Bitcoin. https://www.reuters.com/technology/bitcoin-become-legal-tender-el-salvador-sept-7-2021-06-25/

In the case of Musk, unlike the past, his tweets are not to be taken lightly more than ever now that his company Tesla hodls a substantial amount of Bitcoin. Every words he say regarding crypto are to be watched out for and crypto traders should be wary of his next move. Like him saying that Tesla will pull out of using BTC for car purchases to create a fear market. Yeah sure, Tesla announced that it will no longer transact with BTC for the time being until the environmental issue is resolved, but who's stopping Musk from having him quietly buy BTC and alts with his own personal funds when crypto is cheaper? Sheep tend to flock to more influential individuals for a variety of other reasons. And he IS one of the richest men in the world after all, so the influence is definitely high up there. El Salvadorans' nationwide adoption of Bitcoin is going to take some time now that the IMF gave the country a cold shoulder over assistance with the cryptocurrency's implementation. Until then, we have to wait for further good crypto-related news from that country and other sources to get rid of the fear market. In the meantime, crypto-haters are giving us a bad time here and there. I think the worst of all bad news is China's crackdown on crypto miners. China not being dead serious enough? **** just got real. https://www.scmp.com/tech/tech-trends/article/3138342/chinas-bitcoin-crackdown-mining-equipment-and-carbon-emissions

He will no longer have to face those charges, because he is no longer of this mortal plane. Apparently he already hanged himself. https://www.reuters.com/legal/government/john-mcafee-found-dead-prison-after-spanish-court-allows-extradition-2021-06-23/ R.I.P. John McAfee. Because this case can now be considered closed, I request that moderators @ayatoslaw @epidemia should lock this topic. For messages of condolences, members should post here instead. https://cryptotalk.org/topic/356032-rip-john-mcafee-a-famous-crypto-advisor/

Just about every crypto miners located in China today are contemplating on moving their operations out of the country, because unlike the 'flash in the pan' operations before, Chinese authorities are dead serious on their crackdown this time. It is no longer one or two miners' problem with China. The whole crypto mining industry in China is now in jeopardy. And let's not forget that a majority of crypto (majorly Bitcoin) miners are located there. UPDATE: China has further stepped up in their crackdown of Bitcoin and other crypto miners, and with other bad news combined, this is the end result. https://www.telegraph.co.uk/technology/2021/06/22/bitcoin-wipes-2021-gains-sinking-30000/ But why the 'persecution'? It can be said that it all boils down to one word - CONTROL. As I quote:

Offender: Saeedb754, Saeedb54 Profile Links: https://cryptotalk.org/profile/310153-saeedb754/ https://cryptotalk.org/profile/310081-saeedb54/ Case/s: useless content (multiple offense), referral spam (multiple offense), multiple accounts (needs further investigation) Comment: Not much new copy/paste spammers to report on the English section because they're not going to be paid LOL 😁 . I wonder how's the Russian section faring so far. Anyway, this guy keeps on copy/pasting his own comment multiple times on different sections promoting the same link. I'm not going to click on that link for safety reasons. I also have reason to believe that the accounts above belong to the same person because both of them posted the same referral link (aside from the obvious usernames). Evidence: https://cryptotalk.org/profile/310081-saeedb54/content/ https://cryptotalk.org/topic/21353-tips-for-postinginteracting-within-the-forum/?do=findComment&comment=15449001

Today isn't like a few years ago where whenever there is a fear market the only ones who buy crypto in bulk are a few rich individuals. More and more companies and private institutions are now eager to buy during dips, so the risk of the crypto market collapse is significantly lower than before. Probably the only time someone should let go of all his/her crypto holdings at this time is when the country where he/she lives has declared crypto illegal. And to think in longer terms, investors may want to increase their crypto holdings especially with Bitcoin. It has been a year since the last Bitcoin halving, there are approximately three years left for the next one. The next bullrun after that halving is probably going to be huge if adoption of crypto by mainstream companies like Paypal and Tesla goes on at this rate.

I do follow the news, not just with Elon Musk. That guy is just one among the many factors that can change the crypto market. There are other more pressing news, some of the most recent being China's increasing restrictions on cryptocurrencies and El Salvador's recent upgrading of Bitcoin into their legal tender. Title: Cryptocurrencies are notoriously volatile, as everybody in this forum might know already. And the news can seriously affect the crypto market to a significant degree. I try to keep myself updated then guess how it will affect the crypto market and by how much, and after that I compare my opinion with others. When the market crash due to negative news, crypto usually becomes cheaper. I try to buy cheaper coins if able. It can also be fun to watch the market's reactions to various news from time to time. Especially when crypto starts to crash and correct itself like this month.

Actually, something is happening. And it comes from an outside source. https://www.reuters.com/business/finance/imf-sees-legal-economic-issues-with-el-salvador-bitcoin-move-2021-06-10/ LOL! IMF seems to insinuate that El Salvador should drop the whole Bitcoin idea and just stick forever to the USD instead! El Salvador is getting to be a good test case for other developing countries to emulate, but some other entities don't like the potential change in status quo. Specifically, the "domino effect".

This article gives us a picture of how Bitcoin can be operated in a small part of El Salvador and eventually the rest of the country. https://ph.news.yahoo.com/el-salvadors-bitcoin-beach-glimpse-041519619.html Good question there. I don't know how I can explain this well, but I think the relatively stable US dollar still dictates the price tag of the products. If someone wants to pay using BTC instead, El Salvadorians already have an app (Bitcoin Beach) that may show the exchange rate of USD to BTC during that time, and the customer pays the amount of BTC that is equal to the current pricing displayed on the app. Or that is how I think their transactions work anyway. More information on the app can be found on the link I've just posted. After the store owner/s get the Bitcoin payments, it is up to them whether they cash it out to USD immediately, or hodl and wait for BTC price to increase. They'll need to have an intimate knowledge of cryptocurrencies to get the most out of the BTC transactions. Based on the new link I provided, apparently El Salvador considered Bitcoin legal even before it is to be declared as legal tender, thus some sort of groundwork has already been laid. El Zonte and Bitcoin Beach is a working model they can adopt to the rest of the country.

Which makes one wonder why other governments like Venezuela's haven't thought of this before. But instead countries like US and China are scrambling to get their own CBDC up and running because the don't want to be "bossed around" by digital currencies made by "questionable entities". LOL. Along with what you've said, El Salvador probably picked Bitcoin for being the first and the most well-known cryptocurrency. Altcoins, on the other hand, may have yet to prove themselves as worthy alternatives. Ethereum is the most probable second choice of the local public. Third and subsequent rankings are up for grabs. El Salvadorian should be having a field day now that the crypto market is currently in a state of fear despite this good news. Bitcoin is currently cheap at $36,000 , almost a half-price off the ~$60,000 from last month.

That, or at least the local public should be made aware of the risks involved in using cryptocurrencies. El Salvadorians can pick up on already existing information on the internet such as this forum, but it would be better if their government gives them the necessary push for them to learn the essential crypto-related information. A government-sponsored support hotline should also be in place for help in technical issues and being victimized in fraud. (Especially the fraud part, because scammers are already wagging their tails at the newest potential uneducated victims they can get.)

UPDATE: This news is not fully related to mining, but is rather part of the recent broader attempt of China to undermine cryptocurrencies in the country. This time, China is blocking social media accounts that deals with cryptocurrencies to a certain extent. https://www.reuters.com/world/china/china-blocks-several-cryptocurrency-related-social-media-accounts-amid-crackdown-2021-06-07/ The scary part on the article is what the professor featured in it has predicted. He said that the next logical move would be a law directly linking cryptocurrency mining and trading to criminal activities. Crypto miners may need to act sooner than expected before it is too late.

Well, that is partly one reason why this topic exist 😁 . Investors ought to read opinions from this forum and other sources before investing because they'll miss out on a lot of things if they don't. For one, it is common knowledge (?) among successful crypto investors to not invest too much on a coin when it is on a bullish trend because a market correction later on will ruin their investment. Just like what is happening these past weeks. If potential investors can read this by chance then act accordingly, they're lucky 🙂 . Don't be surprised if one of these days Tesla announced they actually bought more Bitcoins during this period when Bitcoin got cheaper, creating another bullish trend so they can sell off some and gain even more profits by doing so. Clever market manipulation spotted over there. 😂

source: https://www.bbc.com/news/world-latin-america-57373058 On this breaking news, the El Salvador president Nayib Bukele announced a proposal to make Bitcoin legal tender. Not just legalized currency, but also a legal tender, to be used alongside other currencies like the US dollar. And with an apparent majority of allies in that particular country's legislature, the chances are quite high that such a proposal will be accepted without much internal resistance. How such a policy is going to be implemented via infrastructures, information dissemination, etc. may be discussed at a later time. To make things short, El Salvador plans to stop putting all its eggs into one basket (the US dollar in this case, and fiat in general) by going into cryptocurrencies. And apparently they "don't trust themselves" into making their own crypto coin like what Venezuela has done before, so they'll adopt Bitcoin instead. Smart move IMO. And cryptocurrency adoption will most likely not end to just Bitcoin. The possibility of adopting other cryptocurrencies like Ethereum and Tron is open, for more scalability options offered by other currencies Bitcoin currently has trouble with. Details are provided in the link above. This news is quite significant. Becoming the first country to fully adopt an existing cryptocurrency (NOT making a CBDC like other countries are attempting) has its own perks. For one thing, this paves the way for business involved in cryptocurrencies to set up operations in the country. Crypto miners from China in particular are currently seeking out possible safer havens due to alleged "persecutions" they've been getting recently, and if El Salvador can provide enough energy for these miners, it can become a prime crypto mining hub. Another thing is the local population becoming a potential market for crypto businesses. Remittances from oversees adds significantly to El Salvador's economy and crypto coins that can provide quicker and cheaper solutions than traditional transactions will become the fore. One of the challenges to be faced is to how to educate the local population about Bitcoin and cryptocurrencies, and how to protect them from crypto-related fraud. Time will tell whether the measures to be put up by the government in the future will prove to be effective and resilient enough to withstand that challenge. More analysis on this is provided on this link from Coindesk. https://www.coindesk.com/bitcoin-el-salvadors-legal-tender

An interesting thing to note is the duration of the fear market for this time period. After checking the CFGI website, I saw that the chart is still consistently showing fear (24 rating today) for more than 3 weeks now. Lots of negative things must be going on right now aside from what I've posted above. I also think that the fear period won't last for more than a month assuming that crypto users are already used to Musk's tweets. But if this isn't the case, then there would have been more sensitive newbie crypto users than expected. Probably the ones who got encouraged to invest in crypto during the previous bullish period (aka stimulus checks 😁 ).

Offender: achrefessid Profile Link: https://cryptotalk.org/profile/308872-achrefessid/ Comment: Member floods copy/pasted topics on Bitcoin section. Sources are from different authors so it is obvious he doesn't own the originals. Evidence: Offending post: https://cryptotalk.org/topic/355265-noone-is-innocent/ Original website: https://www.publish0x.com/cryptofun/noone-is-innocent-xomxjvy Offending post: https://cryptotalk.org/topic/355258-what-is-masternode-and-how-to-earn-crypto-off-it/ Original website: https://www.publish0x.com/how-to-earn-cryptocurrency/what-is-masternode-and-how-to-earn-crypto-off-it-xgpxwel

Cryptocurrency Market Monthly Updates - Based on CFGI (May 3 - June 1, 2021) In between numerous events from prominent Bitcoin hodler company Tesla's announcement of refraining from accepting Bitcoin payments over environmental issues, to China's intensified crackdown on Bitcoin mining companies in a bid to reduce the country's carbon footprint, the cryptocurrency market has been in a state of fear since May 13 as a result. Bitcoin has tumbled down to around $36,000 today, an estimated loss by almost half of last month's ~$50,000 - $60,000 range. For Bitcoin buyers who missed out on last year's slump (2020) when the currency underwent a similar crash, this may be a perfect buying opportunity. Other coins besides Bitcoin belonging to the top 10 have also dropped but have since been recovering, according to the charts at CoinMarketCap. (topic updated with permission from the OP)

Offender: Malik nasir Profile Link: https://cryptotalk.org/profile/298898-malik-nasir/ Comment: Copy/pasted content and added an extra of his own. Evidence: Offending post: https://cryptotalk.org/topic/351019-daily-market-analysis-and-news-from-nordfx/?do=findComment&comment=14574097 Original post: https://cryptotalk.org/topic/351019-daily-market-analysis-and-news-from-nordfx/?do=findComment&comment=14573963 Offender: Aadi555 Profile Link: https://cryptotalk.org/profile/297187-aadi555/ Comment: Copy/pasted content. Evidence: Offending post: https://cryptotalk.org/topic/351019-daily-market-analysis-and-news-from-nordfx/?do=findComment&comment=15032609 Original post: https://cryptotalk.org/topic/351019-daily-market-analysis-and-news-from-nordfx/?do=findComment&comment=14402229 ... ... ... BONUS!!! Low-quality topic flooder! Offender: Zara-forex Profile Link: https://cryptotalk.org/profile/306492-zara-forex/ Case/s: spamming, useless content (multiple offenses) Comment: I've already reported this user (TWICE!! via the report button) mentioning about this member's other numerous offending content, yet the spam topics still exist. What happened!? Evidence: https://cryptotalk.org/topic/353953-money-management-is-way-of-consistent-profit/ ... and go check out the other spam topics.

This topic was written in October 24, 2019. Anything that happened during that year may no longer be relevant today. We are currently in a fear market but BTC is still priced at ~$38,000 today, obviously a far outcry from the $6,000 figure the OP raised in this discussion. I don't think this topic is going to be updated soon by the OP who is now inactive. And I also think it is pointless to continue discussing here when someone can make a new more relevant topic elsewhere. So please @ayatoslaw, @epidemia lock this old topic.