BTC Future

While I didn't remember there was such a rule, this was still one of the first things I did on my own when I registered on Cryptotalk. I do not think you will get a ban or a warning if you don't add an avatar though.

I used Atomic wallet for a while but not much time. I've had to contact their support at some point and they immediately answered to me. I suggest you do the same. I do not know how Cardano works at all, still I guess that if you have private keys then you could access your wallet from another service.

I will have to find what realized cap is then. It seems this metric requires study to figure out how they make it. I might look it up if I have free time.

Are these banking custodial services securing the crypto they will be holding? If something happens and they lose them will they pay back their investors? Anyway, I am not going to trade crypto using any bank. They will be holding the keys and they will be asking for high fees. Perhaps institutions that are restricted to certain investments may use them and they won't mind paying the fees.

Indeed this is a major drawback. Both Bitcoin Gold and Diamond were value really high years ago. They did manage to give the forked BCH though as the money was too much and people would riot. I lossed the Bitcoin Gold fork by the way, as I was trading in Poloniex at that moment and they had some lame excuses not to give them. Binance given all forks without delay. They didn't list some which were not popular but still allowed withdrawals.

Basically all financial markets recovered but Bitcoin certainly seems very healthy after making a year high at 12k. Perhaps we have a chance for 15k sooner than many think.

While a few cryptocurrencies might have something to offer, most of them were named like that for a reason. For years since the first altcoins appeared they were only had one usecase. To mimic Bitcoin and create fake value which would make their developers rich. This is what happened with most altcoins so far and at least 90% of them are going to zero.

Banks are planning to open custodial services and offer trading services to their customers. So Bitcoin will still exist not only for three more years but for at least thirty.

While Ethereum is far right now, in the past it came close to overthrow Bitcoin at list for a few days. Same happened with XRP and Bitcoin Cash. Although this was in 2017 and 2018 when these coins were pumped and overhyped. When the investors became reasonable noone was buying ETH at $1400 and XRP at $3.

The halving happened in May. It is not a fork or an upgrade, it already exists in the code. Now we are observing the first effects of the halving and price slowly begins rising as expected. Of course this does not mean that we won't see dips and the price will just rise for one year. There will be many dips and many opportunities as well.

Security is the first thing to consider when choosing a wallet. I've written it before but it is important to secure your crypto with a hardware wallet in case you are holding more than $1000 worth of value. While even with a hardware wallet we are not secure from our own mistakes, still they provide an environment more safe than mobile,desktop or web-based wallets.

I used to spend 2-3 hours but now I increased it a lot too. I mostly enjoy spending free time on Cryptotalk and also put around 5-6 hours daily, reading posts, replying and looking into opportunities. It is a good way to pass our time and there are many posts with facts I wasn't aware of. Interesting, educative and fun.

Besides a stop loss you must set in your plan to "take profit" at certain level. The plan contains both and trading means that we should be profiting. Even a small profit is worthy, just remember to plan accordingly and stick to the plan. Do not change your exits in the middle of the trade.

I'm afraid that the recovery is not based on fundamental economic results but in the printing spree by governments. This will not have positive results and hopefully this will not create implications in Bitcoin. Anyway we should focus on the long run and even two years of recession won't matter to people looking longer.

Bitcoin was created as a P2P Electronic Cash System. Its original purpose was to facilitate online transactions through a decentralized network where nodes are solving SHA-256 equations and producing blocks filled with transactions, without a third party authorizing or restricting them. Satoshi also capped the maximum number of Bitcoins in existence at 21 million and decided that the miners should be rewarded progressively for the security they provide to the network. This number (21 million) was this low because Satoshi understood that Bitcoin if succeeded and adopted it would be worth way more if it was also scarce. There is no exact explanation of why he chose this number. The added denominations of what we call now sats (satoshis) are a feature of Bitcoin, proving that Satoshi had in mind that Bitcoins price would be increasing. Scarcity is also a characteristic of the most popular store-of-value asset which is Gold. It is gold that investors are buying when the economic conditions are deteriorating and it is gold reserves that governments are trying to raise as beside gold being a metal used in many industries (jewelry, electronics, space tech, etc.) it is also used to protect the national currencies. Gold reserves can sustain the value of fiat currencies and help nations alleviate the effects of negative economic cycles (recession). Gold is the ultimate store of value asset. While Bitcoin has a different use case from gold, it is still not seen as a store-of-value asset but mostly as a speculative one. I am also skeptical on this matter so far (and undecided), still I can agree with many Bitcoin influencers that it is moving towards this direction. It did not prove this back in March when every investor rushed in cash (USD, bonds) and later gold, but I think this may change in the future. It might require two more halvenings to reduce miners reward a lot but perhaps it is possible for Bitcoin to achieve the market cap of gold (which is currently $9 trillion), during a period of 8-10 years. A 9 trillion dollar market cap would mean that price of Bitcoin will reach more than $400,000 which is looking extremely high, and it would certainly require mass adoption. After writing the above text, I remembered a chart which was created in 2014 and I found it in mid-2017. It predicted exactly the date Bitcoin hit $10K in 2017 and the next stop seems to be $100k in 2021. I guess we will be here and see if it will be correct again or not and we re-evaluate. I've read many similar predictions about Bitcoin's price and was always in disbelief. I tried to rationalize all these calls by famous Bitcoin influencers and found this explanation one of the most reasonable. An asset as gold is seen universally as a store of value and Bitcoin perhaps can manage to become digital gold. What do you think of the above? Do you believe that Bitcoin has a chance to become digital gold, a store of value, and achieve a price of $100K and even more?

Since PayPal is trying to develop a cryptocurrency service perhaps they will revise their digital assets policy of not recognizing them and accepting chargebacks for whatever reason someone might claim. I guess this option should be excluded and then crypto exchanges might accept dealing with PayPal.

At one point back in 2017, Bitmain alone was responsible for 50% of the hash rate, making it extremely dangerous. Of course the Bitmain founders would not attempt to damage the network especially not at that point, but you never know what might happen. Bitmain runs Antpool, Btc.com and ViaBTC as pools.

Imagine trying to verify the authenticity of a pair of Nike snickers and having to pay $5 in Ethereum fees first. Another reason why the current Ethereum implementation can't go far. Hopefully Vitalik will be able to fix this but it might take years.

There are many opportunities with top coins that do not easily lose value as BTC. The best feature of the investbox in my opinion is that it doesn't require locking your crypto. You can withdraw any time you want. So in cases a trader or investor fears that the market is going down, withdrawal is instant and we can trade. This is a major difference of the yobit investbox with platforms and exchanges that demand locking period for a certain time to get rewards. The funds are always yours.

Which bounty was that? I remember bounties paying a lot back in 2017. I only took part in a few of them and most of them didn't even pay a token. Some did but the payments was not more than $50. I guess that in 2017 a project might pay coins that after a while their price reached x100 and 2k was possible, but now I didn't know of any going this high.

Thanks for the mention @kyoukage01! Ethereum is about DeFi and ETH 2.0 preparations right now. It managed to go up to $400 because Bitcoin also broke the 10k resistance. I don't know if Ethereum will be able to keep going and I didn't expect it to reach this high either. The network is clogged for four months now and transactions demand $1-5 to perform making it useless for anything else besides DeFi. Even for DeFi it means that someone planning to invest $100 will probably waste all of his yield profit in fees and perhaps pay more as these protocols are decentralized and most actions demand exchange fees as in Uniswap. DeFi is about big whales of ERC20 tokens. Gaming is officially dead in Ethereum and same DApps, gambling apps and other platforms. ERC20 token projects, and Ethereum ICO's also suffer. Platforms that use Ethereum for payments delay them and try to make them in weekly batches to reduce fees. Having seen this happening before it means to me that Ethereum is just about speculation right now and its price does not reflect real valuation.

I am sure that even if the price in the beginning won't be this much it will eventually rise along with the quality and the traffic of the forum. Lately we have seen most members behave in a great manner and spam has almost been eradicated. Yobit is a fine exchange with many traders supporting new listed coins. In case people initially dump many will try to buy the initial dip.

Right now all DeFi are just dealing with crypto lending services. I tried editing my post but I wasn't allowed. This is the image from Compound which explains how DeFi works in general: I remember reading that MakerDAO would accept some real-life assets as supply chain invoices and royalties from artists. This will be interesting but I doubt that anyone is willing to risk real assets with DeFi. Also important is this news (link) which states that 90% of the whole DeFi market is based on 500 addresses, meaning that even less than them (perhaps maximum 100) are moving the whole DeFi market.

An immutable blockchain will help banks with transparency but this is something hard to achieve. Banks rely on systems which they can manipulate and a blockchain that is private can be tampered if it is supported just by the banks. Only the true decentralized nature of Bitcoin offers complete security and validity.

There are just a few exchanges that never suffered any hack or lost any cryptocurrencies due to events as these. Yobit is one of them and while I always refer to use hardware wallets when I trade crypto I prefer to hold them on this exchange. Perhaps Coinbase has extreme security but still you never know what will happen as Coinbase had employeed hackers recently and they didn't even know it (source).