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kryptonick

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Everything posted by kryptonick

  1. It is very possible that it will be 90k before so long. It seems there won't be mass selling until 100k and while I stick to this position, I still have to warn that there will be blood later. I am reading a lot lately about the cycles and while we are still not at the top, it is going to go faster at a point and the 100k price will probably be reached at summer. But this is how the market works. It can't keep rising forever with 100% every two months. We will probably know where the top will be and when. Maybe in June or in September. Between these four months it will become scary. For the time being I don't take notice of any correction or dip.
  2. I have also read about the miners trying to coordinate a 51% attack, and I am very happy it was in this forum by a top content creator of the forum, @Whited35 . I didn't have time to thank for giving this news, and I remembered about this a few days ago when news appeared on some part of the Ethereum mining community getting ready to fight EIP-1559. First of all, I love Ethereum and I was using it for years, but I can't cope with these high fees, I am 100% backing EIP-1559, but I will only be happy when I see transactions in Ethereum will cost just a few cents. But there is also another problem. In the case of Bitcoin, it is driven by consensus, meaning that the community decides together and in case the code is to change. This is not a case of voting, but the decision making process in Bitcoin, where everyone has to agree. If someone doesn't agree, for example a miner, then they are excluded. Ethereum is also supposed to have consensus mechanism for the decision making process. It is supposed to be an autonomous network where nobody has power over the decision making. And yet, EIP-1559 was decided by the devs, probably agreed by 99,99% of the users, but miners maybe aren't backing it. If 51% of the miners don't update the code to the new software designed by the Ethereum devs, then the new software won't be launched, and those miners that updated, will be met with a huge cost of having mined invalid blocks. This happens during forks. And there is also a big problem when the Ethereum developers decide, but miners don't agree. Miners are acting as companies and want to maximize profits. If they can fight an upgrade or fork that will lower their profitability, then they will do it. But they won't 51% attack Ethereum. What they want to display with the recent move, is that they can block EIP 1559 by not upgrading it, in the case they make up to 51% hash rate at the block of the fork.
  3. While the government cryptocurrencies will be undeniably accepted, I can't say the same for some of the stable coins that exist today. USDT certainly has big problems ahead and it is also a threat to Bitcoin. Vitalik Buterin explains it better:
  4. Don't be confused friend. It is called compound interest. If you don't take out the investment it doubles after 71 days with 1% daily. Because you won't get the 1% just for the original investment only each day but for the total that it will be higher each day as the daily interest is reinvested. For example the first day you use the investbox with 100 Talk. The next day you have 101. So the new investment is 101 and the 1% is calculated into this, making it for the second day 102.01. So the profit of the next day is not 1 Talk, but 1.01. This way after exactly 71 days your investment doubles. Of course it doubles in Talk token, as the USD price of Talk is different. Lately we see Talk being stable for almost two months. This is making Talk a great investment for all those that bought for example in January. They have doubled their money already. But only if they didn't withdraw profits, but reinvested. @MrSpasybo explained it perfectly too. You don't have to do anything as the investment keeps increasing automatically for most coins in the investbox. The risk you have is if price in USD drops bellow 50% after the 71 days period. This will mean you doubled your Talk, but lose in USD.
  5. You should expect one day the devs of this token to unfreeze them if you want to move them. Those projects that do that, they aren't supporting the real values of cryptocurrencies. Some ICOs did that and a few tokens that were given as airdrops, not to allow someone to sell before an exchange listing. It is a very bad move, in fact a dick move to do that and all these tokens are useless and pointless to me, if they have this option to freeze assets.
  6. Mate, you look like thirty in your picture. I don't know when you are planning to finish your education but it should have been over a decade ago. For students since you ask I suggest to be in this platform if they are at a certain age to understand money better.
  7. Without English you won't be going anywhere. Those that are very bad in this and make very simple mistakes should start learning immediately. You can't be expecting someone to pay you without making clear posts with limited mistakes. I am glad to see action against spammers and those that make posts with very low quality as it is important to remember this forum is English. If you don't even have the simple knowledge you can't be writing here.
  8. I have taken lessons when I was still studying and included supply chains. I did logistics and warehouse management and a few more things, but it isn't as hard as those that are working for it want it to seem. In fact it is not science, and anybody with a good intelligence can shine in this field.
  9. Totally unrelated. The guy here is a programmer coding bots for the telegram platform. And you go ahead and say that there are scammers in telegram. This is out of topic for discussion. If you have something to ask this person about his skills or his work, this is why he or she created this post.
  10. The big problem is that you will have to rely on one or two big opportunities that come each year and try to make with these what you haven't for the whole or the rest of the year. Freelancers have this kind of problems. They strike gold rarely, it covers for a years expenses, but they can't know exactly how things will be in the future.
  11. You will not manage to make money from surveys, even if they pay you it will be just a very smaller number from the one you were expecting. No survey websites ever pay and it has been like that since the start of the internet.
  12. For the time being I want to see this correction how low it will send us and how the altcoins are going to behave. Because there is a chance that altcoins will gain dominance soon. If this is to happen I would expect that the price will be close to ending the bull run for bitcoin.
  13. You are writing in latin in this post. I don't understand why you have this problem and you can't write in latin in Yobit. This seems it is a problem on your part that you have to solve, but probably there is no problem at all since you are writing perfectly in English already. Latin is the alphabet used by the English language but also more.
  14. And doubled up again since January. It is unbelievable bull run at times. I don't have anything as a target for the time being, only expecting it to go higher for a few more months, until the bull ends. It is sad that the bull run will end, but this is how Bitcoin works. Now, are we in the middle of the bull run and has it 9 more months to give or is it just a couple of months before it's over.
  15. I don't know what exactly stickers are, my friend. Maybe you could demonstrate giving us an example. We have signatures and there are rules for them, maybe this was your question about? Many are using signatures and they can advertise anything in them, as long as it is lawful and doesn't break the rules of Cryptotalk.
  16. Yes, if we do it correctly it is profitable. A big problem is trading with very short term timing, which makes it very difficult and very high risk. We need to be timed well with our trades, buying when the market is down a lot, and selling a lot higher. The trading I observe in some live youtube channels from day traders are the wrong way in my opinion.
  17. Interesting question. I can't say that I have tried to learn something more about trading than what I managed to learn for years in this field. I am not a good trader and not an expert. I have certainly learned that well and the reason is mostly that it doesn't fit me. I did trade for months, stopped for years and just did longer term traders, but patience is not something I have. The way I have been making my bets, meant always to be as safe as possible but I am still learning about having patience when trading. This is a serious flaw that made me not trade at all. So I became a holder.
  18. You are mistaken because you think this as some online job, while it isn't. Cryptotalk pays for posting with the campaings running, but you will not make so much as you think. Maybe if you hold the Talk it would help as I became lately one of those that believe holding Talk will be a good idea, since the thoughts about this coin are great. The implementation will be a huge success when it happens.
  19. There are plenty of similar posts in the forum. If you search for a couple of minutes you will find them. The rules are also very clear and you should be aware of them. The forum is not about posting random articles that offer no use. You have a question you use the search option. Although, since you have stopped writing in the forum, then perhaps you can explain to your sister that you left Cryptotalk, and since she is so eager to join, maybe there won't be a problem after so many weeks you have left.
  20. I think it is a great idea. But I will need to do research about BSC. I haven't found time to completely understand what we need to do there. I learn that the fees are very lower when you use BSC but I still haven't understood it yet. How to use, open wallet and what kind of fees I have to pay. Or if I can send any kind of ERC20 token in this chain. I don't know a lot about this topic.
  21. Yes, it was earlier DeFi and not NFT. In fact it was expected that NFTs will be trending. Earlier there were huge volumes for some NFTs, but they seemed to be manipulated. Now it is very hyped and everyone wants to create NFTs. But the reason is that all want to make more money and since this is what sells today, all the focus turns to NFT.
  22. I am being realistic with NFTs when saying that it is still not a mature market, and it just look like something very hyped that probably shouldn't be so much. A digital painting if we can call it that by Beeple was sold for 70 million dollars a few days ago. This made NFTs hit the headlines and went in the news. Digital art somehow picked up lately and just too much money seem to enter. I can't say this is bad for art, but there are too many cashing out very good money and selling something that probably is not yet established as art. Then we have something very stupid, NFT tweets. And another reason I dislike Jack Dorsey, besides the censorship ruling Twitter, it is that he flips sides easily. He was supposed to be only about Bitcoin, and when he saw an opportunity he sold a tweet for 2.5 million usd as an nft which is using the Ethereum network. Art is one thing that is important and when mixing with technology it can have positive effects. What exactly is the meaning of tokenizing a tweet? What is the use case of this? Someone will hang it in a huge screen in his home? Generally I think that NFTs will have a use case in gaming. I mean real games not the blockchain games we have today. But of course not in the format we see today and not with this kind of fees. A reasonable fee would be $0.001 for each NFT transaction to make it work. Yes, probably there is a big bubble that isn't even created by adoption. It is mostly whales that create extreme prices for some assets. Have you seen some NFTs that are selling for millions? This can easily be just the same guy passing an NFT in another account using an NFT exchange. I mean, look at crypto punks. Who has the mind to follow that and buy this kind of nonsense. Yes, probably. DeFi has a clear purpose and there is risk, but the NFT risk is growing into higher. But we will see. I am happy we are witnessing the rise of both. It is sad however we can't use them so much as we wanted because of the fees. Some do it for marketing, like Justin Sun. Others, I don't know why, probably they like collecting valuables, maybe have already so much money it doesn't matter a lot, and others are already into NFTs for long enough, made good money from this and want the market to keep rising. The guy that bought the Beeple NFT is very well connected into this field.
  23. Yes often it is very nasty with fees. I hope that with EIP-1559 Ethereum will fix this, but we have too much time ahead before this. Sometimes fees can go there, and this also depends on the token smart contract, as the fees come from both gas fees and gas limit. Gas limit for Tokens make fees many times higher. I sometimes check how much it costs to move some tokens from my wallet and the fees are usually higher than the value of these tokens. I am holding tokens that I will need to pay $80 fees and they are worth less..
  24. The system lately gets more complex, but also more easy for everyone to farm yield, because the Binance Smart Chain offers really low fees, and it is expected many projects to reach out to BSC and gradually leave Ethereum. Even DeFi projects would prefer having more numbers of farmers involved instead of just waiting for whales. Nobody likes paying 90% of profits to miners and this happens with DeFi with Ethereum.
  25. I fully support this statement and the rest mentioned by @BullRunBit . Without use case any cryptocurrency will fail and the best it could do is a pump and dump. We believe in the forum and the token can become something huge. My other main problem is that we don't know if Talk Token has a maximum supply. It would be great idea to burn tokens, but this should be when there is a certain Token created under a smart contract, be it ERC20 or even a Tron or Bep20 token for lower fees. We need to know tokenomics, when we do find out that Talk will have finite supply, the burning will certain to help.
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