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Showing 20 of 285 results by Fenderr
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Board Bitcoin Discussion
Re: bitcoin is the world's 3rd strongest currency
by
Fenderr
on 21/10/2018, 18:22:01 UTC
It would be foolhardy not to acknowledge the potentials of Bitcoin and it's potential to disrupt a lot of economies in the world. But ascribing it to be the 3rd world strongest currency is a little too early in my honest opinion and it would need a lot of adoption around the world to attain that status and it definitely would take some time.
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Board Bitcoin Discussion
Re: Are we still "Early Adopters"?
by
Fenderr
on 20/10/2018, 22:41:00 UTC
The crypto space has evolved a lot from 2009 to date, but we still av a long way to go. Considering the fact that the rate of adoption isn't really significant, we can safely say we're still the early adopters. I'll refer to those who got in around 2009 as the forerunners. Grin
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Board Bitcoin Discussion
Better Understanding of Bitcoin Maximalists Needed
by
Fenderr
on 20/10/2018, 21:13:48 UTC
So guys I've been here for a while, and a lot of times I see responses with Bitcoin Maximalists.

I checked on google and I got a definition on https://www.investopedia.com/terms/b/bitcoin-maximalism.asp as being 'one who favor bitcoin over other use cases and for the long term..'. I'm struggling to get a grasp of it which is why I've brought it here for better explanation.
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Board Altcoin Discussion
Re: What is XRP?
by
Fenderr
on 20/10/2018, 20:43:01 UTC
Ripple and XRP are definitely not the same thing. Ripple is the company which has cryptocurrencies like XRP to do the transactions.


XRP has many use cases one of them being a currency. Anyway, you could just copy paste the epitome of the article so that people would have actually read


Well it seems like that the article that is attached answered your question. Shortly, XRP is the brainchild of Ripple and they are two different cryptocurrency.


Ripple and XRP are definitely not the same thing. Ripple is the company which has cryptocurrencies like XRP to do the transactions.


Too much similarities in the response pattern of these accounts that have been quoted, with one repeated verbatim. Seems to me as though they're farmed accounts by one person. I may as well be wrong
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Board Altcoin Discussion
Re: Some well-known Bounty managers “disappeared”?
by
Fenderr
on 19/10/2018, 14:21:43 UTC
Bounty managers who care about their public perception will be weary of this crypto market now and won't just hop on just any project. This is because there are way too many scam ICOs now, some of them are well packaged that it's hard for these managers to see the scam ab initio.

Secondly, some of these bounty managers are creating automated bounty management platforms. This is evident with managers like Bountysuite. So it's very possible that the mentioned managers are taking off to create theirs too.
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Board Altcoin Discussion
Re: Video call for KYC verification
by
Fenderr
on 19/10/2018, 14:15:45 UTC

Experienced this myself in our local exchange. It feels like we both are Chinese on the video. One of the questions asked to me was whether my family has a political background. I was also asked whether I'm part of the LGBT lol, I don't know how they all connect this but whatever. Funny because they say I have an astonishing amount of money when all those coins sent was back when the value of BTC was less than $1k.

Wow! Funny the questions asked. Your political affiliations and sexual orientation shouldn't be of any concern to them in my honest opinion. So this means they won't accept you to trade with them if you were affirmative of your response
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Board Altcoin Discussion
Re: Video call for KYC verification
by
Fenderr
on 18/10/2018, 11:30:00 UTC
What will we not see in crypto?? Just when we're still battling with KYC/AML, it's been taken a step further by requesting video calls for KYC verification? Naa, I'm not doing it for no reason. If providing my documents isn't sufficient to complete a KYC process, then miss me with the investment opportunity and it's on to the next one! Ain't nobody making me go through the hassle of doing a video call for tokens that have no guarantees they won't tank at the exchange leaving me with losses.
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Board Altcoin Discussion
Re: [Vote!!] What's your most hated shitcoin??!!
by
Fenderr
on 18/10/2018, 11:23:52 UTC
Well for me, my most hated shitcoin is not among the list you have here. The shotcoin I hate the most is helbiz (HBZ). I actually got it from an airdrop participation. Why I hated it the most was that it was so hyped that my expectation on it was so high only to get to the market to become something else by dropping so flat.

Then I'll be putting AVINOC next on the queue, because I got it from an a tasking airdrop and during the airdrop campaign, it was touted to be 1 AVINOC=$1, upon listing on exchange, it was far lower than that. It's one worst deception I've gotten in a while, hence one of my most hated shitcoins
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Board Altcoin Discussion
Re: [Vote!!] What's your most hated shitcoin??!!
by
Fenderr
on 17/10/2018, 20:42:55 UTC
Having Bitcoin in the list is an insult to it. Never have I heard of Bitcoin being referred to as a shitcoin until today. Every BTC hodler deserves an apology for this.

To the others, Ripple is my most hated shitcoin, didn't need to even think twice before voting. A centralized wannabe crypto.

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Board Economics
Re: Poor Internet Services Could Cause Hamper Crypto Adoption in Africa
by
Fenderr
on 17/10/2018, 14:17:47 UTC
Africa isn't "a large segment of the world economy",actually it's a relatively small part.I remember that the African GDP was more than 1 trillion USD,which is very little,for a continent populated with 1 billion people.
I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.


This is really a parochial statement reeking of sheer ignorance. The nominal African GDP as at 2017 is standing $3.52 trillion with a growth rate of 3.7%, and 38% of the population are actually uneducated as against a demeaning 80% you cited. African are doing great exploits across the world, even in their home country. While there are farmers, who are needed by the way for food security, there are also a lot of technocrats.
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Board Economics
Re: Why Malta is the most favored Location for Crypto Exchanges?
by
Fenderr
on 17/10/2018, 14:04:53 UTC
All I'll say is that the government is smart, progressive and visionary. They know that the cryptocurrency industry has come stay and they can actually profit from it, including their citizens by putting in place the right regulatory frameworks and policies.
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Board Altcoin Discussion
Re: ICO's and the future
by
Fenderr
on 16/10/2018, 22:54:13 UTC
I see a lot of Ico's growing like mushrooms but not much investors. Some of them don't even reach the soft cap. And just keep pushing the deadline. And some others just focus on the private investors. The thing is that a lot of coins don't see the light. Personally I think this is a good thing for the whole ecosystem. There are already more than 2000 coins and just keep adding more and this is not healthy. Some projects just add blockchain but without a real value, just another coin out there like we don't have enough  Undecided

Seems to me like you took a cue from this, but here's a very similar topic https://bitcointalk.org/index.php?topic=5051652.0 with the same keywords as yours.

Again, a fall out of the proliferation of projects, ICOs and coins is that individual investors have been wiser and are no longer throwing money around in so many ICOs anticipating 'lambos' that will never come
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Board Economics
Re: How can we get people to use bitcoin as a currency?
by
Fenderr
on 16/10/2018, 14:03:01 UTC
I think the ease of getting bitcoin will actually help a lot in increasing the usage of Bitcoin as a currency and means of exchange. At present, the safest way of getting your hands on some Bitcoin is through exchanges, this is not ignoring or denigrating P2P arrangements in any way. If there are Bitcoin ATM in major cities, I understand there's a project called UniFox planning such, then it'll be easy to buy bitcoin and use them for transactions.

Secondly, another way to get people to use Bitcoin is to actually make people earn in Bitcoin (the attendant challenge with this being volatility/price fluctuations). But if people actually earn in Bitcoin, then they don't have to first convert their fiat to Bitcoin, before using them for payments and transactions or even investments needs.
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Board Altcoin Discussion
Re: Would you invest in a new crypto?
by
Fenderr
on 16/10/2018, 09:25:34 UTC
The years 2017 and 2018 has seen a massive influx of blockchain projects into the space, including those that actually do not need the blockchain technology to function. This also saw a lot of scam projects and exit scams taking over the space, with resultant effects of huge losses stemming from investments in 'projects' the owners had no plans whatsoever to further it's course. A friend lost over 23 ETH at the price of $700+ to scam ICOs and this has badly effected his finances (invest what you're willing to lose, he knows that..but a loss is a loss regardless).

This has affected the perception of a lot of investors and how they see new crypto projects. Many have stayed away (like myself) from investments in ICOs until further notice, pending when there's some stability with investments in ICOs. I can not afford to lose money any further, so I'm not putting money in ICOs at the moment. I'm rather investing established coins
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Board Economics
Re: Bitcoin is one of the saviors.
by
Fenderr
on 15/10/2018, 09:30:22 UTC
I think savior in a sense that it helps a lot of people to have extra income and open the doors to the investors to believe its volatility.

This is true to the extent that it can also cause monumental losses as well. Imagine the crazy price movement from $7,600 to $6,700 all in a space of about 2 hours.
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Board Altcoin Discussion
Re: You can start with NOTHING and still come out with SOMETHING
by
Fenderr
on 15/10/2018, 08:58:45 UTC
Crypto is probably the only industry where you can start with nothing to be honest. All it takes is acquiring the right knowledge which is readily available for free on the internet. I refuse to believe most people who come into this space aren't in it for the gains, many on here tend to be pretentious about it to look good.
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Board Altcoin Discussion
Merits 1 from 1 user
Re: Do you think Airdrop is effective to promote ICO projects?
by
Fenderr
on 15/10/2018, 08:52:33 UTC
⭐ Merited by Brawnsugar (1)
Do you think Airdrop is effective to promote ICO projects? I think No.
Certainly it may be useful to spread the name of the project, but will those people who know about the project with Airdrop invest in that coin?
I think that they only to sell the coin which earned by airdrop cheaply in the market and dump the price.

How do you think about this??



Marketing strategies are unique in themselves and there's no single best strategy out there, but a combination of them all gives the best result. There are times when some projects did not do any public sale, but just private sales. They instead give airdrops in form of bounties and also give airdrops to their private investors. A classic example of this strategy is UCHAIN.

Airdrops help to create more awareness about a project and make them more popular. The much touted notion that those who receive tokens from airdrops tend to drop them at the exchange and thereby cause in the price might be true, but also remember airdrops are usually a tiny percentage of the total supply. There's a set of token holders who tend to be ignored simply because they contributed financially to the project, and these are the private investors with huge bonuses without any lock-in period. These guys have been notorious for dumping their huge bonuses at the exchanges too, thus crashing the price of the tokens massively.
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Board Altcoin Discussion
Re: Time for Futures Contracts for Cryptos.
by
Fenderr
on 14/10/2018, 18:30:00 UTC
BTC has been trading in the futures market (CME and CBOE platforms) for quite a while now, and ETH hoping to join in soon. it would be difficult to have Futures contract for all cryptos in my opinion.
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Board Altcoin Discussion
Re: XRP: Contrarians No Longer
by
Fenderr
on 14/10/2018, 18:23:53 UTC
This news has had no positive impact on the coin, instead it's been staggering around $0.41 - $0.43 for the past 3 days. Anything short of that is mere hype in my opinion.
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Board Economics
Re: Tidex to delist over 25 on Oct 17
by
Fenderr
on 13/10/2018, 13:22:32 UTC
The Tidex Exchange has issued a statement that it will delist more than 25 coins starting Oct 17. You can visit exchange to transfer out if affected.

https://medium.com/@TIDEX/on-october-17th-at-12-00-uct-the-following-assets-will-be-delisted-from-tidex-exchange-b69e5f814a4d


This is a product or the effect of scam coins being rampant in the space. Coins with projects that have either abandoned by the developers or without commitment to continue work on it. Binance has done same too. I think this is good for the space in the long run.