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Dark Shadow

Bitcoin will not replace gold

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1 minute ago, riazpakistani said:

Dear @Dark Shadow somehow I am agree with you that BTC could not replace the gold. But I hear from many resources that BTC will replace gold as it getting popularity day by day. As it's demand increasing so it's could be that BTC will replace the gold because of btc demand increasing.

@riazpakistani You give a valid point friend but some points about Gold are:

  • It is one of the oldest forms of currencies and it has been there for centuries
  • It is a rare and precious metal
  • It is legal everywhere
  • It has a higher demand as compared to Bitcoin

So, due to these factors I don't think the Bitcoin could replace Gold


BitCNY giving away 1500$ worth of tokens

Website: https://bitcny.app/

Bot Link: https://t.me/BitCnyBot?start=r03654319640

Ends/Withdrawal: 15 January

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I don't think that either. Bitcoin is said to be replacing gold by many because of the similarities but it doesn't need to and the investors in gold will always be there as governments are also invested heavily in this asset. Bitcoin could be one asset that governments will invest too and there are thoughts about it coming from some of them already.

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Bitcoin, has written protocols that dictate as many as 21 million coins can be mined. However, it is not impossible that these protocols could be changed to allow more mining. You do not have the same exact factors and rarity as gold. It would be practically impossible to try to live outside of Bitcoin given that few retailers and companies accept the digital currency. Since it is not a physical commodity, gold, being a tangible asset that is traded in regulated financial markets, is not a concern for regulators. There have been a number of cases over the past two years of cyber attacks and criminals using Bitcoin for their gain. In other words, there is almost no chance of exchanging Bitcoin for gold as it is a safe haven.

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1 hour ago, TheMonster said:

Yes dear friend you are right both are rare.And both can be mine.But i dont know why i choose bitcoin more best then the gold.The reason is that the price of bitcoin is more than the gold and it is increasing day by day dude.But some time i think that gold is rare then bitcoin.I got stuck between the gold and bitcoin dude.

You are not the only one who thinks this way @TheMonster 😄. There are many factors that push both Bitcoin and Gold to the top of investor's lists. You are right that  price of Bitcoin is high but some investors don't like it's volatility and and that is why the prefer Gold which has a more stable price. Also some don't invest in Bitcoin because it is not legal everywhere. So, they are both preferred/liked almost equally.

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BitCNY giving away 1500$ worth of tokens

Website: https://bitcny.app/

Bot Link: https://t.me/BitCnyBot?start=r03654319640

Ends/Withdrawal: 15 January

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I think Bitcoin will go much further than Gold and Bitcoin is compared to Gold.  Bitcoin will replace gold and the price of bitcoin is going up as the price of gold is going up.  Bitcoin is gaining popularity like gold now and it will replace gold when the time usage increases.

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To my own view, both gold and bitcoins are birds of the same coin. As they are of the same value, they are both mine, and they both have many other features which are the same. Lastly to my own view, hence almost all there features are the same they can replace each other but not in all aspects. @Mubarak Salihu Ahmed

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18 minutes ago, Kenan12 said:

@Dark Shadow

Yes, my friend, there are currencies that have a very high price and have a prominent position in cryptocurrencies, including Bitcoin and other other currencies, I think that most currencies have a great position in terms of price and taxes except for dead currencies

Exactly @Kenan12 Bitcoin and many other altcoins (which are not dead) are rising in price and BTC has even broken the 20,000$ barrier! This price is higher than that of Gold and there is no telling how far it will go before a drop. Maybe this will give Bitcoin the fame it requires to stand as an equivalent of Gold.


BitCNY giving away 1500$ worth of tokens

Website: https://bitcny.app/

Bot Link: https://t.me/BitCnyBot?start=r03654319640

Ends/Withdrawal: 15 January

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We want to know a lot about Bitcoin because we don't know what is going on here. In fact, if you know, please share it with us. We can learn a lot about Bitcoin because we want to know a lot about Bitcoin.  We want to know a lot here so that we can do something better if you can. You will cooperate, brother

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Of course, dear, I agree with you. Both of them cannot be dispensed with, as Bitcoin has advantages and gold has advantages where supply and demand are in the process of controlling the price of a collision and a decrease in gold and Bitcoin

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No matter how hard you try none of them can replace the other and they both need to work together go accomplish a common gold and because for centuries gold has been accepted worldwide.

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Oh yes bitcoins never replace the gold because gold is hardware and bitcoins are software. Gold can be restore but bitcoins need to electricity and internet connection . but both have great value .

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29 minutes ago, M.bello said:

Hello mate it will replace gold because the price is always increasing everyday while for gold it normally increase and decrease, the fastest and affordable coin is bitcion which has the highest market odd in the global market for now @Abideen @Prince MS @Shantos @Mubiflow

It's true that bitcoin is a valuable assets but unlike gold that is rear and unique material which is not comparable to anything to me bitcoin cant replace gold because gold has been in existence for a very long time and its considered a safe heaven gold can't depreciate in value unlike bitcoin that fluctuate @M.bello  

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Thank you mate for sharing this post. I have come to know the uses of both coins. Both of the coins are perfect in their own place. They can't replace each other and their uses are also very certain. This information will help to know the difference between both coins to the beginners.

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2 hours ago, Mubiflow said:

It's true that bitcoin is a valuable assets but unlike gold that is rear and unique material which is not comparable to anything to me bitcoin cant replace gold because gold has been in existence for a very long time and its considered a safe heaven gold can't depreciate in value unlike bitcoin that fluctuate @M.bello  

Exactly friend is valuable unlike gold because BTC has more market value than gold because the price  of BTC is increasing everday while that of gold it always increased once in a while, the increase in gold normally rise once while that of BTC is everyday 

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I agree with u but here's what i have to say: bitcoin is new and unstable while gold has been here for centuries and the value has been only increasing. As for now it's difficult to predict what's gonna happen to bitcoin, but I'm pretty sure that bitcoin won't be able to replace gold for a long time as for now and the current situation.

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19 hours ago, Dark Shadow said:

Exactly @Kenan12 Bitcoin and many other altcoins (which are not dead) are rising in price and BTC has even broken the 20,000$ barrier! This price is higher than that of Gold and there is no telling how far it will go before a drop. Maybe this will give Bitcoin the fame it requires to stand as an equivalent of Gold.

 Recently bitcoin ATH break is really unbelievable and within some hours it has hit up around 23k usd plus..   No one Imagine it would be happen this year  @Dark Shadow..  By the way,  this is not altcoin season so if not bitcoin get stable now then altcoin will drop too sharply soon in my own idea..       

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On 10/30/2020 at 9:33 PM, Dark Shadow said:

There are many discussions in this forum about whether Bitcoin will replace gold or not. I personally think that they will both run side by side and neither of them will replace each other because:

 

  1. Both are equally rare
  2. Both have liquidity
  3. Both are safe
  4. Bitcoin is a good short term investment while gold is a good long term investment
  5. Both are mined
  6. Both are equally accepted in their sectors (i.e both are considered safe-havens by investors)
  7. Both are decentralized 
  8. Both depend on the supply and demand rule
  9. Both have popularity
  10. Both of them can not be corrupted or no fake copies can be produced

 

What do you guys think? Do you agree with me or not? Let me know.

Dear friend both are equally rare and precious. No one replace the other one.

Gold is precious at his own place and bitcoin is valuable at his own place. They both run with one another side by side. 

 

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I do not think that Bitcoin will replace gold will the two go together, Bitcoin has its advantages I think it is a durable mechanism that could replace gold to a great extent? Yes I say it is because it is much more functional than going with a gold bar around 

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9 hours ago, Sadia Batool said:

Yes dear friend you are right but I think gold is better then the bitcoin. Because we don't know that bitcoin has a much higher price and we don't know that when it's price will fall. And gold price is confident in it's price dude. That's why I like hold for investment dude

 

Ah so you prefer stable investments @Sadia Batool. Well that is good choice and you can benefit a lot from it but only in the long term. Bitcoins lovers go for Bitcoin for a very different reason i.e they usually want big profits in a short term. So, both Gold and Bitcoin are almost equally preferred for their own benefits.

@Dorjoy12 Yes, Bitcoin recently broke it's ATH and it's price is still skyrocketing. Many did not expect the price to go to 23k in 2020 but it actually happened. Now we have to see for how long it will keep rising.

Edited by Dark Shadow

BitCNY giving away 1500$ worth of tokens

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The bitcoin would never replace the gold, since if we can observe the gold is a mineral and the bitcoin in a digital currency, despite the fact that the bitcoin today has a value of 21,600 dollars, the gold will always be valuable to the world , because if at some point the bitcoin falls through the floor, gold will always remain the same, being a very strong asset in the market.

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1 hour ago, Dark Shadow said:

Now we have to see for how long it will keep rising.

@Dark Shadow in my own idea i dont think btc can be stable in this position for long time brother but we still can hope that it may hit up 25k usd then there will have huge dump..  But some altcoin really showing great such as xrp,ltc, dot and so on.. Time to invest on them..   

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5 minutes ago, Dorjoy12 said:

.But some altcoin really showing great such as xrp,ltc, dot and so on.. Time to invest on them..

Yes, some altcoins are affected by the price increase of Bitcoin but I don't know if I would choose to make big investment right now because as you mentioned that Bitcoin is expected to dump after 25k $. And if this happens then these altcoins will also fall in price. But if we look at Gold at this time it is in no way affected by the price of Bitcoin. They are both independent of each other. This shows that they both have their separate status and none of them could dominate the other.

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I don't think so bitcoin will replace gold. Gold is the precious metal on earth and it is really expensive and attractive to others. Bitcoin also expensive but not that much. So i don't think bitcoin will replace gold. 

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I don't think bilcoin will ever replace gold, for a number of reasons. For one, cryptos are strictly forms of currency, whereas gold has many other time-tested applications, from jewelry to dentistry to electronics.

Unlike cryptos, gold doesn’t require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power. Right now the island’s economy is cash-only. If you have gold jewelry or coins, they can be converted into cash—all without electricity or wifi.


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During discussions, two committee members supported a rate cut to 5.0%, which market participants interpreted as a step towards the beginning of a policy easing cycle.   At the post-meeting press conference, BoE Governor Andrew Bailey expressed optimism, stating that the UK economy is moving in the right direction. Bailey also noted that “a rate cut next month is quite possible,” but he intends to wait for data on inflation, activity, and the labour market before making a decision. Chief Economist Huw Pill, although he joined the majority in voting to keep the rate unchanged, also expressed growing confidence that the time for a reduction is approaching. He added that “focusing only on the next Bank of England meeting [20 June] is somewhat unreasonable” and that “medium-term inflation forecasts do not necessarily signal rate movements at the next or subsequent meetings.”   Overall, the movement of the GBP/USD pair last week resembled that of the EUR/USD pair. The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Monero XMR > Cardano ADA Cardano ADA > Monero XMR
    • QUARK DRAINER Get rid of all lack of money headaches Other boards: https://niflheim.world/threads/quark-drainer-seaport-1-5-blur-x2y2-fix-metamask-permit-2-smart-contract.40662/ PRICE : $5 000   + All sources of QuarkDrainer (backend, frontend, smart contract) + Instructions on how to install and get started. + Invitation to the closed community who bought drainer + Author's manuals and articles on how to work with the drainer, traffic + Technical support + Regular developments, the fastest innovations of new features (free)   QUARK DRAINER - Without a doubt No1 drainer. Here you do not go to a lottery, I hope the functionality and materials all clear without unnecessary water in this port. So here's a little bit about me, I've been coding for 6 years, 2 years since I quit working for the shops and went gray рџ™‚ my base is ES6, Git, MongoDB, DOM, AJAX, jQuery, Javascript + React, Material UI, Single Page Application. When I was getting about $1750-2000/month, one scammer  found me on github and asked to do some web3 development (it was the first drainer with the simplest functionality), he paid me $3000 for 2.5 weeks of work since it was my first experience and it was really boring to look at web3 libraries. After that, I had a thought as 1 person without knowledge in the right area and portfolio - paid such money. From that moment I had no problems with $ for any of my fantasies and needs. And now you see the ideal product and community in which you will be happy. If you're interested - the door is open рџ™‚ Which wallets does QuarkDrainer interact with? Optimization for all devices Metamask, TrustWallet, Coinbase Wallet, Binance Wallet, Wallet Connect ~300 wallets (https://explorer.walletconnect.com) Asset Withdrawal Methods > Transfer > Seaport 1.5 (withdraws all approved Opensea assets in one click) > SetApprovalForAll (gets NFT collection in one click) > Signature Message (gets assets with a signature) > Metamask private fix (no token count, no token name, NOTHING - just a button without red plates) > Approve (Automatic withdrawal of assets after approve confirmation) > Permit + 2.0 (One-click withdrawal of tokens confirmed by Uniswap + Permit 1) > Smart contract (Removing the native "main network coin" with any Airdrop/Claim/Reward/Swap/Router/Withdraw/Your Creative...) > NFT ERC 721/1155 > BLUR, X2Y2 (Gets all approved assets in 1 click) > Moonbirds, Sushiswap, Uniswap, PancakeSwap In what networks does the drainer work? It works on ALL 0x networks you can find the networks you need here: https://chainlist.org/ Configured for Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC), Avalache (AVAX), Arbitrium One (ARB), Optimism, Fantom Opera (FTM). On request we will enable or disable networks you need. Why Quark Drainer? Help on every step if required Setting up takes up to 30m > Author articles (on working with drainer, traffic basics, tricks and creatives) > 60 frontend custom builds (creatives you can use as a basis for your own custom builds) > Approved services (bulletproof hosts, domains, bots etc) > Complete tracking of victims' actions on Telegram bot > Advanced developments - we are always the first and the best in implementing new methods and vulnerabilities for asset drains. > Parsing assets and withdrawal priority > Automatic withdrawals of any assets to your wallet once approved > Forget about red signs or inscriptions and stuff - always be with the top-of-the-line fixes > Next JS programming language, source clean code (any testing) > Buying not from resellers/merchants but from developer directly straight from the oven > Technical support - I answer any stupid and absurd questions (mostly online) > Author's articles - sharing my experience in traffic, schemes and personal practice with the "money" button > Quark+ software for Insta/X/FB/Reddit/Tg. Autoposter, retweets/reposts, likes, dm > Custom logic of draining strategy. You can enable retries on highest value assets or disable that > Ready-made websites > A community (60+ppl) - a closed chat room for everyone who has bought the Drainer Contact Us Telegram : https://t.me/quarkdev Drainer Channel: https://t.me/quarkdrainer Tox&Jabber send to PM     Whoever needs will read it According to my observations, the scripts on the market are crap (what else would a dev write showing his product I'm "shocked" by what they sell for $ 350-2500 on boards, while in cryptoscam monthly turnover is a 6-7 digit for each team, for me it's laughter apparently all who buy such products can not make some 10k to get out of good script for a month. Resell scripts, sell public crap or pieces of code. DAMN if you think $5 000 is expensive and ask me to sell for $1 000 - do not write me please, otherwise I will have to insult you very much. Since you probably didn't ever work with drainer - if you don't have couple of btcs in your crypto wallet... Thanks for your time I hope you experienced at least some emotions reading my topic
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