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kryptonick

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Everything posted by kryptonick

  1. It all depends. The higher you speculate it is the most possible that eventually you will shrink your Bitcoin into less than what you invested. It is a good choice to trade at some times but the patience you will need to make will probably make you think you were wrong. You should have a plan, and focus on profit. The dollar or the euro aren't still inflating too much. The euro especially is very strong and compared to the dollar it will have a bright future. I don't recommend of course to hold for 20 years in the bank, you will need to find investing opportunities, but it can be considered stable. So make your trades in euro, or some other strong fiat currency.
  2. In my opinion the price volatility is because of the high speculation by traders. The price reacts fast to news as Bitcoin becomes hot, or negative news affect it by price dropping. It isn't considered safe investment and there are so many derivative exchanges that aren't regulated like Bitmex and Binance that also often manipulate prices to liquidate longs and shorts.
  3. There are many rising cryptocurrencies, Bitcoin may be what it is but it isn't used for the purchasing factor. We have to remember it was created for this first of all but with fees high it is very difficult to go on as a currency. We also have Ethereum and networks that want to become better like Polkadot and Cardano. These are different and they have cryptocurrency for the monetization.
  4. After starting with Bitcoin I remember doing research on Satoshi and came across the articles that claimed Craig Wright was Satoshi. It was just a story, there is 0% credibility in Craig Wright being Satoshi as he doesn't have access to the private keys. Judging by the person, I can say that I don't even know how this person could have been involved with Bitcoin so early but only was very lucky, and had just 1% of the skill Satoshi had.
  5. 2020 is over and it was once again crystal clear that when Bitcoin's price grows, the altcoins also grow. Bitcoin kept rising for some time, and altcoins were following all year after March 2020. The same we see in 2021. Bitcoin lost 10% of dominance to altcoins though, in 2021, so perhaps we have a mini alt season. I can't say with certainty if altcoins will grow and take over Bitcoin in 2021, but I doubt they will change what they are doing. All of them follow Bitcoin and are 100% influenced by the price action of BTC.
  6. When such a high profile personality as Lagarde is saying that Bitcoin is used for money laundering it sounds to me like the news we see in TV that can change anything to something else, depending on how it is being reported. Bitcoin is being used for money laundering. But how much money is laundered using Bitcoin? This statement could be said like that even if it was just for $100. It doesn't make sense when responsible for all the laundering are the banks. It doesn't make sense to say that, when we all know that Bitcoin has public ledger and any kind of laundering is recorded in the blockchain forever. I don't feel that anyone would ever want to launder money this way. To have left permanently evidence of wrong-doing and breaking laws. For this reason, I am sure that Lagarde knew exactly this isn't happening but is still trying to push the agenda of Bitcoin being evil and only used for illegal activities. Exactly as the TV-news and many online mainstream media are doing, she didn't give any kind of evidence and any kind of numbers as they wouldn't support this claim.
  7. As far as I remember it will be more interest earned early on, when less are staking and higher on later years, when it is expected more ETH to be staked. This amount is changed but I haven't done the math as I don't have 32ETH. However there are many staking options in exchanges and other websites. I would select probably top exchanges if I ever start staking ETH.
  8. Big investors that enter late are also getting caught in buying with big risk involved. An example was this: https://www.wsj.com/articles/softbank-founder-masayoshi-son-lost-130-million-on-bitcoin-11556017200 It is a lesson that Bitcoin gives, it is also a sentiment that markets give and force some investors in a fallacy, which is that prices will keep rising because they were rising previously. Maybe Bitcoin will reach $200k and drop to $40k again. I will be waiting to buy Bitcoin again in this case at $40k. If it drops now then I will be moving my buy area lower. There will be many more cases like Mr. Son in the future as too may are buying the top and selling the bottom.
  9. The main point is to give your knowledge to others. If you do that you will gain in many ways. First of all others will start admiring you, not because you have that much knowledge, but because you are trying your best to pass it to the rest of us. This is the most important part of a forum, to give all your experience to the rest, and in turn everyone will do the same. Nobody knows everything, and even the top experts keep improving.
  10. Less than three million Bitcoin left and the miners are now happy that prices are 10 times higher from previously, but still the fees are increasing. It is a problem, but it is possible that the fees will be rising for a while more, especially since the big money is now moving into Bitcoin, and $10 or even $100 don't mean anything when they move millions. Using a bank the fees would be many thousands depending on the size of the transaction, so Bitcoin could be a lot of help for big corporations that are at a multinational level.
  11. Sometimes what we read is very unrealistic, or just has something missing. It is the time we have to pause what we are about to do and think again, as investing today may give us very good odds of making money, but the scammers are out there for our crypto. We need to do research, be very strict and not be trusting unless we are sure we are making a good move. And even so, we don't need to invest everything, but only a portion of our funds.
  12. I have to agree that while some members are already in top level of communication in the forum, we are all getting better and better as time passes. It is a skill that we can also use in our real lives, which is of course a little different when it is about speech and not written form, but the experience we get gives us a boost. It is also notable to me today, that when I have reached a good level of understanding a topic, I can articulate better and make very strong arguments. This is why knowledge is power.
  13. Yes. It wasn't the end for this bull run. It could be a small message of what could be later, but for the time being there doesn't seem to be any kind of Bitcoin slowing down more. But as I said before, the price won't always be going up, this is how markets work and Bitcoin will one day end the bull run. But I still think we have at least some more months. I read lately that the Grayscale premium is now negative, meaning that it is now a discount, trading at prices even 10% lower than the prices we get from crypto exchanges. I try to rationalize this, as many institutions are taking some profit off the table since they made billions already with 500% returns of their investment.
  14. It was safe using Yobit for many years, and of course 2020 wasn't an exception. I use exchanges that have given proof of securing the users and I have seen that Yobit is one of the most secure, having everything under control. I personally had never any kind of problem. Recommended exchange in the top-10 of my list.
  15. It is a good idea to follow some of the most popular and ranked members of any forum. This way you will learn a lot in the process and you will be ranking up too, having someone as a role-model of behavior in the forum. I did that too and had some members that have actually created content that is rare to find anywhere in the crypto internet.
  16. Right now the Bitcoin investbox is empty, there is not funds to earn and it isn't accepting deposits. I remember it was put earlier and it gives some really good percentage of interest, if I recall it was weekly. It is a marketing technique that I am sure it helped a lot Yobit but when it comes to Bitcoin this will be for limited time.
  17. Lately with an increase of people joining, it seems they most prefer to buy from crypto exchanges and using some other ways that didn't exist until lately. We see Revolut, Square, Paypal, and some exchanges that had stocks mostly like e-toro offering cryptocurrencies. Yet, nobody wants to send them in a wallet and be their own bank. They prefer to just hold in an exchange, something that is a really bad idea according to what happened so far. Why is Revolut any better than MtGox, Binance, Kucoin, Bitfinex and the rest exchanges that were hacked. Most just won't move them for too many reasons, but this is how they will feel what decentralization is. The real purpose is to hold the private key, be responsible for your funds and use them as you will.
  18. I was thinking the same, but lately I learned that some exchanges offer the real stock, along with anything that comes with it, responsibilities and dividends. I think that each exchange has different trading and in some of them, when you are just buying the spot exchange, you also buy the stock, but there are also future trading and other forms. Each exchange explains this in the rules it has on each.
  19. I have found myself being at a top level once I have done that. But usually obstructions come from problems that we have to deal with. It could be others that bring us their problems, or it could be problems we should have managed and put in an order, but we haven't done yet. My opinion on this is to focus our attention on what is most important. We need to have priorities set, and when we are done then we finish the rest.
  20. I did a google search and found it means this : It is a common name for Japanese citizens but I don't know exactly why the founder of Bitcoin picked the name Satoshi Nakamoto. Once he posted he was Japanese, but nobody believed him.
  21. Maybe the negatives could be around the physical threats to Bitcoin holders. Anyone that has a big fortune will be a target. In the streets you see people getting beaten and mugged for a few dollars, those low-life trash will certainly want to grab your Bitcoin, but for the time being they are really stupid to know what a private key is.
  22. I think that this is where Cryptotalk is different from Bitcointalk. It deletes duplicate posts and allows better discussion in certain topics. I like this but for later, it should accept some new posts if they have value, as things constantly change.
  23. The beginners section is more flexible and allows more posts, but my advice is to not abuse this. For beginners it is fine to make some posts, but there are many that usually have the same concept. Usually they will be deleted and this is something we want to avoid. Write unique posts, search the forum and not write something that is very generic.
  24. Mate, it was mistake, and I already given a reply about that in another response from you in a different post. It is something that I had in mind and I didn't know how the companies in America work. I didn't know if they have to prove to the SEC they actually bought Bitcoin. I learned that from your reply yesterday in another post. Probably you didn't read my reply then. Anyway, I recalled and I now know it was a big mistake I made to write that.
  25. This should be the basis for all blockchains and a big problem for blockchain devs as they have to make all these work together. Many work in opposite directions and as it seems efficiency is not a blockchain virtue. It could be later and this will make blockchains become used by every technology we have. Interoperability is also another problem as most blockchains are not interacting with any other system. For this reason it is considered that Chainlink has a bright future, connecting database entries and feeding them to blockchains with the use of smart contracts. But one of the top problems is scaling. Being able to serve increasing numbers of users. This is a huge problem for Bitcoin and Ethereum which are the two dominant blockchains. It is probably a huge problem for most blockchain systems, and to solve it most are taking steps into centralizing part of the network. About the structure of the blockchain it is probably for developers and I don't know anything. It is something that needs more research as it is very technical, but I would be happy to learn more about this.
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