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Showing 11 of 11 results by TheMoneyMongers
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Topic
Board Service Discussion
Re: Bitcoin versus Gold, the conflict
by
TheMoneyMongers
on 24/04/2019, 05:01:18 UTC
This speculations that Bitcoin will overshadow Gold at the long-run is an hot topic being discussed by major players. Although they have some similarities which among them is the scarcity, there can only be 21 million bitcoins, while there are around 180,000 tons of the major commodity gold in the world. Financial institution and experts has been describing Bitcoin to resolved the debt issue rampaging the world in no distance time despite the high volatility of Bitcoin from nearly $20,000 in late 2017 and crashed to $3000 range in first quarter of 2019 but still enjoyed the decentralization advantage. I am not doubting this as almost everybody like FREEDOM, this is what Bitcoin is enjoying over other high rated commodities like Gold.

Will the money in trillion of Dollars be shifted to Bitcoin from Gold in future making the later less redundancy or the two are not competitive to each other? Why is always the question which one is better to HOLD (Bitcoin or Gold). What is the danger of HOLDING the two? Can one outsmart the other in the near future, I am just keen to know due to a lot of argument around these two commodities.

I am of the opinion that the two are here to stay and I am in serious doubt that one will bow to another but what did you think. Kindly correct me with facts.

Thank you

I agree with you but Bitcoin's monetization will be the biggest story of this century and it will certainly steal away a large marketcap of Gold as a store of value. On the other hand, I am not sure Gold will be able to keep its status quo given the fact asteroid mining will make Gold supply virtually unlimited.
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Topic
Board Service Discussion
Re: Depositing crypto into BlockFi to earn interest, ok or stupid idea?
by
TheMoneyMongers
on 24/04/2019, 04:47:52 UTC
Celsius network gives a better deal IMO. Moreover, the founder has a great history of disrupting various industries and now he is behind lending markets. Interest rates are low but the benefit is you can withdraw your money anytime you want, which blockfi doesn't provides...
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Topic
Board Beginners & Help
Re: Available courses on Bitcoin and Blockchain Technology from colleges and Univers
by
TheMoneyMongers
on 05/01/2019, 11:03:37 UTC
I am not a big fan of courses by colleges and universities because many universities are just doing for the sake of taking hefty money from the students. However, if some want to still try blockchain courses and bitcoin courses & certifications from universities, then here are those universities offering it:

Stanford Graduate School of Business
Haas School of Business, UC Berkeley
NYU's Stern School of Business
Fuqua School of Business, Duke University
MIT Sloan School of Management
UCLA Anderson School of Management
Georgetown University's McDonough School of Business
The Wharton School (University of Pennsylvania)
https://www.dash.org/2018/01/18/asu.html
https://scholarships.asu.edu/scholarship/100296
https://www.dashforcenews.com/new-asu-blockchain-lab-research-shows-dash-can-easily-scale-near-paypal-levels/
https://www.dashforcenews.com/dash-labs-making-significant-progress-on-enhancing-robustness-of-dash-network/
Post
Topic
Board Beginners & Help
Re: Free Cryptocurrency book
by
TheMoneyMongers
on 04/01/2019, 08:27:31 UTC
I don't understand why someone will like free crypto books and as a matter of fact anything free. Free things are always shit and when it comes crypto/blockchain you should take anything as freebies because you are putting your money to invest.
Instead, the best thing is to buy some of the best Bitcoin and blockchain books from which you can learn something and make your decision in a better. Apart from that, the book will stay with and the knowledge too that you make gained by reading a book that you have bought because bought books inspire us to read also.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is less stable than some ALTs !
by
TheMoneyMongers
on 02/01/2019, 11:25:46 UTC
I think some Alts drop the price too and many good alts drop the price more than 80%. I think its the same with bitcoin because as main currency in cryptomarket, its affecting to most altcoin price in market.

I think you Bitcoin is more stable than any other altcoin. Look at the Bitcoin volatility index to make sense of it as how volatility has reduced over the years. Check the charts here https://bitvol.info/
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Topic
Board Bitcoin Discussion
Re: crypto currency ban in india
by
TheMoneyMongers
on 01/01/2019, 11:18:43 UTC
India is a copycat and not likely to ban cryptocurrencies but that should a positive thing for all the citizens.
Post
Topic
Board Trading Discussion
Re: Is it a good time to start buying bitcoins?
by
TheMoneyMongers
on 01/01/2019, 11:05:51 UTC
I think you should.

I buy Bitcoin all the time but not according to the year

I have found that the most appropriate way to buy Bitcoin is when it is undervalued but how doesn't one knows that it is undervalued…

Well, I have found a method that helps in calculating just that…

It is known as Mayer Multiple (https://twitter.com/tipmayermultple?lang=en)

Trace Mayer who is a veteran investor in the traditional markets such as gold and was the first blogger who started recommending Bitcoin in early 2011 when it was $0.25 per BTC.

He invented Mayer Multiple which is an interesting way to derive the right buying time for BTC derived from its 200 days MA.

Bottom line is to buy BTC when Mayer Multiple has been lower than the value ‘1’ for some days atleast and today Mayer Multiple stands at 0.6.

Cheers!!
Post
Topic
Board Mining (Altcoins)
Re: List Of GPU Mineable Only Coins - GPU Mining Will NEVER Die!
by
TheMoneyMongers
on 01/01/2019, 10:58:53 UTC
Fellow Mining Compatriots,

With every new ASIC announcement another community influencer mentions the death of GPU mining and the madness needs to stop!

Lines in the sand have been drawn between specific Cryptocurrencies and ASIC hardware manufacturers such as Bitmain. Many have specifically announced they will forever resist ASIC domination of their platform, and will achieve this with regularly scheduled hard forks among other things.

Both forms have their advantages and disadvantages of course, however GPU mining specifically is more aligned with the decentralized concept and thus a very important piece for the future, long term success and freedom Cryptocurrencies create. There are only a few countries remaining in the world without a privatized central bank dictating interest rates and enslaving citizens through automatic debt via buying their counties fiat currency at interest from the central bank. Saturation and control of Cryptos via ASIC hardware will have the same end result as fiat, and we have already witnessed glimpses of this future with Bitmain's absolute dominance of the entire industry including the creation and manipulation of Bitcoin Cash specifically.

The projects and developers who truly support the Cryptocurrency concept are becoming clearer, and more continue to take a stance against centralization via ASICs. In the near and long term future many of the coins that stand against ASICs will garner the strongest communities.

If you want a coin added/removed please provide details on the coin and how they are committed to being ASIC resistant or have been compromised.

List of GPU mineable only champions include:




- Monero
- Sumokoin
- Bitcoin Gold
- Bitcoin Private
- Bitcoin Z
- Safe Coin
- Ravencoin
- LUX
- Haven
- Pigeoncoin
- Bitcore
- Nexus
- Vertcoin
- Triton

*List updated daily



Long Live Cryptocurrency Freedom!

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts."

- Satoshi Nakamoto

According to the recent research that I have published on my blog, I have come up with this list of 13 Best Cryptocurrencies To Mine With GPU. However, your list has become a bit outdated seems. I have made this according to the current mining profitability. Feel free to disagree.

#1. ETHEREUM (ETH)
#2. ETHEREUM CLASSIC (ETC)
#3. BITTUBE (TUBE)
#4. BITCOIN GOLD (BTG)
#5. MONERO (XMR)
#6. UBIQ (UBQ)
#7. BITCOIN DIAMOND (BCD)
#8. AION (AION)
#9. ENERGI (NRG)
#10. PIRL (PIRL)
#11. METAVERSE (ETP)
#12. EXPANSE (EXP)
#13. MUSICOIN
Post
Topic
Board Speculation
Re: Bitcoin Prices for March 2018, March 2019 and March 2020 and why.
by
TheMoneyMongers
on 31/12/2018, 11:39:08 UTC
I think it will be the halving and mining difficulty that will kick in 2020 to make $100,000 possible. See these charts:

https://twitter.com/100trillionUSD/status/1076114455782658048

Bitcoin-Price-333k
Post
Topic
Board Altcoin Discussion
Re: Daedalus Wallet for Cardano (ADA) Is A Shit Wallet
by
TheMoneyMongers
on 31/12/2018, 11:30:16 UTC
There is no point abusing a crypto as new and ambitious as Cardano. Now there are many wallets that you can use for storing your Cardano.
Post
Topic
Board Beginners & Help
Re: anonymous bitcoin wallet
by
TheMoneyMongers
on 28/12/2018, 12:48:28 UTC
If you want a anonymous transaction just use a Bitcoin mixer/tumbler services or just use other alternative coin like Monero.
Even a HD Bitcoin wallet its easily to track by using a tool.
Hope that help you a lot. Grin

There is no need of using mixers now as it is 2018 and there are quite a few reliable Anonymous Bitcoin Wallets available in the market. I myself have been using two of them and have created a list of those. Do check it out and share your feedback: https://themoneymongers.com/anonymous-bitcoin-wallets/