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Showing 20 of 31 results by arcassis
Post
Topic
Board Bitcoin Discussion
Re: I think this crash is good
by
arcassis
on 17/01/2018, 17:59:06 UTC
I'm very, very, veeeery curious if anybody will remember this next year same time, and if he will have the balls to sell on 10-15th of January 2019 just to see the market go into the blood and buy the dips.
Because, wow, this year, with lots of veterans on different channels - nobody said a word about this coming, but now that it came, everybody is showing graphics with "look 2014, 2015 and 2016 were the same!!"
Post
Topic
Board Altcoin Discussion
Re: Can a country actually ban BITCOIN
by
arcassis
on 17/01/2018, 13:56:48 UTC
Regarding the ban of BTC, can anybody in this thread explain why China is banning BTC?
Post
Topic
Board Bitcoin Discussion
Re: I think this crash is good
by
arcassis
on 17/01/2018, 13:04:27 UTC
Anybody else going to shopping? Hope BTC will reach 8k so that I'll buy more.
Post
Topic
Board Altcoin Discussion
Re: Oyster Pearl
by
arcassis
on 16/01/2018, 15:49:36 UTC
does anybody have any idea why the drop of PRL lately (excepting the market drop)...?
Post
Topic
Board Altcoin Discussion
Re: Oyster Pearl
by
arcassis
on 12/01/2018, 14:19:30 UTC
I think we can easily see a few 3-5x from this project from the price it stands right now - $3.59.
Post
Topic
Board Economics
Re: A Bubble will come, but when?
by
arcassis
on 12/01/2018, 14:16:24 UTC
I know someday the bubble will occur.
And i know it will happen to Ethereum .
Because it say that eth has an unlimited supply.
And it is possibleto happen in eth someday

Why do you think that "it will happen to Ethereum" ?
Post
Topic
Board Politics & Society
Re: What are the best real use-cases of Crypto coins
by
arcassis
on 12/01/2018, 14:15:04 UTC
Hi,

Recently a lot of people asked me to help them join crypto.
But then, their second affirmation is: "hmm...but aren't we in a bubble? all this shitcoins and shitICOs that won't deliver and anyways, for what is it used event BTC? Only for storing value? That's it? People are buying and keeping it?"

In this regards, let's all contribute and mention real-life use-cases when you have used or would use crypto coins as the only/best way of solving that problem.

BTC is a P2P electronic cash system for which it currently isn't really suitable, Lightning Network should bring that back. On top of that it is a store of value, a sort of digital gold.

That ICOs aren't delivering on their promises isn't really BTC's fault. You should always be very carefull with ICOs, they are high risk. Perhaps the most high risk ''investments'' we have ever witnessed in history.

A lot of coins are in a bubble, most notable are:

IOTA - centralised, doesn't function and is worth billions.
Ripple - Centralised, doesn't actually get used by banks (nor do they intent to) and is worth a hundred billion
TRON  seems to be in a bubble
Bitconnect - ponzi

Likely, almost all altcoins are in a bubble. Bubbles aren't necessarily a bad thing though, the stock market moves in and out of them on a cyclic basis. You just have to be carefull.

And there are a lot more that are currently way overvalued. I think BTC isn't really under or overvalued where it currently stands as without lightning network it doesn't really function properly but still stands out from the rest of the market as a store of value with great longterm upside potential.

I personally do use BTC ocasionally for payments but recently I refrain from doing so because it doesn't make sense to purchase some take-away and pay a 10$ fee on a 20-30$ transaction.

Distributed ledger technology can also be usefull as a means of security, track & trace, logistics, supply chain etc.. the tokens are often a utility. The biggest usecase of DBT is as a currency but it has many usecases that can be applied to almost any industry.

You got to understand that yes, somethings are in a bubble. IOTA having a 10billion marketcap is in no way justified at all. Same goes for Ripple, TRON, Bitconnect and other crypto's.

But the real longterm focus is on BTC anyway, which to me isn't in a bubble nor does it even come close to being in a bubble. But that is only if we regard that future development will go smooth and solve issues of today.

Also I think you don't understand the importance of a store of value. In the western world we're kind of used to minor inflations each year and our paycheck grows with that but other less developed countries can't always count on this. Bitcoin makes a perfect store of value because it is weightless and thus easy to transport, not controlled by anyone, can be stored upon a small USB stick which you could hide anywhere unlike gold for example. And is easy to transact with. The fact that it is also deflationary as opposed to gold being inflationary makes it even better, it will retain and go up in value on the longterm as it is scarce and the supply is capped at a max. Gold will be worthless in a few hundred years from now because we already know that things like asteroids contain tenfolds, hundredfolds more precious metals than we have here on earth. (maybe we have identified our next major bubble, astro mining).

So for a lot of people Bitcoin can be essential.

Bitcoin is simple, it doesn't need a million usecases. You just need to be able to transact with it as a fundamental and naturally it is a store of value. No other coin will ever really achieve a status like BTC because it is a first mover, is widely accepted and regarded as THE COIN. I can only see BitcoinCash being a viable alternative for the solutions it currently offers that aren't available with Bitcoin.

Bitcoin should be able to reach a marketcap of several trillions of dollars, if it does decide to collapse now there's still a chance it grows beyond its ATH as we have seen with Apple and Amazon for example. But likely it will have to break 1 trillion marketcap for it to be taken seriously on an institutional level. If it can't grow into a trillion dollar asset class then the whole thing basically failed, but this last sentence is my personal opinion.

I agree with all that you've said.

Also, Ethereum has the main use-case -> it allowed the birth of ICOs.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing
by
arcassis
on 12/01/2018, 13:06:02 UTC
Ok, I've understood the privacy related to the team, but can we know how many members does the team have and what experience do they have? Thanks
PS: Came to read this thread after Jeff (Altcoinbuzz) mentioned it.
Post
Topic
Board Politics & Society
What are the best real use-cases of Crypto coins
by
arcassis
on 11/01/2018, 22:32:53 UTC
Hi,

Recently a lot of people asked me to help them join crypto.
But then, their second affirmation is: "hmm...but aren't we in a bubble? all this shitcoins and shitICOs that won't deliver and anyways, for what is it used event BTC? Only for storing value? That's it? People are buying and keeping it?"

In this regards, let's all contribute and mention real-life use-cases when you have used or would use crypto coins as the only/best way of solving that problem.
Post
Topic
Board Announcements (Altcoins)
Re: UNIFY [UNIFY] - THIS IS THE COIN THAT YOU'VE BEEN LOOKING FOR! [POS, LOW SUPPLY]
by
arcassis
on 11/01/2018, 22:23:47 UTC
Why is it going down, guys?
Post
Topic
Board Economics
Re: A Bubble will come, but when?
by
arcassis
on 11/01/2018, 22:21:51 UTC
Sharing your views guys.
The image is blurry: there were some bubbles, there is a bubble now and a bubble will come, all statements are true to some degree depending on the context.
I've asked you this because more and more people are asking me to advise them on how to get into crypto but they all ask in 2nd minute: but isn't it a bubble? And my answer is yes/no.

IMO the technology is here to stay even though there are no killer apps yet but they will come for sure.
Also, the shitcoins will disappear but the exponential gains will remain because the technology allows that - we are investors/traders in an instant without brokers and all the friction present on fiat exchanges.

So, as a conclusion, we are living historical moments, this year, imo, it will be still fuzzy with money made simply on hype but things will start to settle.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO]FAST INVEST - Real FinTech Business, More Than 8500 Customers, 50 Team
by
arcassis
on 11/01/2018, 22:01:46 UTC
Hello, everyone! We would like to thank you once again for participating in our ICO Crowdsale and supporting us. We want to share some necessary information about the sale. So far we have 120 participants. Total 55 477.6621 of 777 000 000 tokens have been distributed. Crowdsale is LIVE. Tokens will be distributed until 31st of January. Currently, we are distributing our FIT tokens per ratio 1 ETH = 1200 FIT.

Good job! Keep up the good work!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NYC] NEW YORK COIN at 2017 MACY'S THANKSGIVING DAY PARADE IN NYC!
by
arcassis
on 11/01/2018, 21:55:55 UTC
I think one of the biggest things about this coin is the fact that businesses in New York are actually accepting it as currency.

Isn't that what we all ultimately want from a cryptocurrency?


Can you provide some facts/links with businesses that are accepting the coin?
Post
Topic
Board Development & Technical Discussion
Re: Having fun with crypto.
by
arcassis
on 11/01/2018, 21:53:50 UTC
Nice! I've actually forked litecoin 0.8 last night, and am well on my way to creating a useless coin!

Let me know when you've done yours :-)

This is one of the reason why a lot of calamity and several cases of shit coins abound in the crypo world and its because of people like you who create coins not because of anything or to solve any problem neither with any vision or purpose but simply to have a name attached to it.  Even when we have argued against the solution to every bitcoin problem as a forked but we admit that there are problems but now forking LiteCoin, which does not even have any issue to the best of my knowledge or reached the capacity where it gets known to compete ( maybe to you alone) this is coming.

I guess you are envisaging that because the forked coins of bitcoin is already saturated that people have lost count, its better you start with LiteCoin in other to be part of the next millionaire from $500 market cap to a multi millionaire at some point. Congrats on adding to dragging the industry backward.

I don't think that guys like cryptonexii are to be blamed, instead to be applauded because they bring us the progress. It's each and every one of us's fault that we are putting money in every shitcoin that pops up around! We all have to do our due diligence.
Post
Topic
Board Economics
Re: A Bubble will come, but when?
by
arcassis
on 08/01/2018, 21:03:51 UTC
Yes, but the bubble is fed up by all kind of shity projects or by projects that won't deliver.
I think we will already see this year some ICOs that won't deliver and from then on people will start to ask more questions before investing.
That's the start of the bubble burst.
Post
Topic
Board Economics
A Bubble will come, but when?
by
arcassis
on 08/01/2018, 09:32:18 UTC
According to this article: https://www.investopedia.com/articles/stocks/10/5-steps-of-a-bubble.asp, there are 5 steps going to a bubble:

1. Displacement 2. Boom 3. Euphoria 4. Proffit taking 5. Panic

I think we are in step no. 2 Boom, as the global MCAP is not even in the trillions. Also, the mainstream adoption is still in its infancy (1% or so), but the idea is that we need to stay alert about the first signs of a bubble burst.

In which step do you think that we are in now?
What do you think that those first signs will it be?
What contingency plan would you implement?

Thanks

 
Post
Topic
Board Trading Discussion
Trading books recommendation
by
arcassis
on 08/01/2018, 09:20:50 UTC
Hi,

I've started with cryptocurrencies back in August 2017.
I admit that it was and still is very hard to make a wrong investment nowadays but the idea is to evolve.

So I've opened this thread to talk about what would it be your recommendations when it comes to books/sources about 1) trading and 2) economics in general.

PS: A book I've been recommended by a good friend of mine who's a very good trader is Trading in the zone by Mark Douglas.
Post
Topic
Board Announcements (Altcoins)
Re: UNIFY [UNIFY] - THIS IS THE COIN THAT YOU'VE BEEN LOOKING FOR! [POS, LOW SUPPLY]
by
arcassis
on 08/01/2018, 09:08:41 UTC
Can someone tell what's the team behind this coin?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO]FAST INVEST - Real FinTech Business, More Than 8500 Customers, 50 Team
by
arcassis
on 07/01/2018, 19:39:16 UTC
From Fastinvest.com's whitepaper:
Quote

Here is a real-life example of how this system works:

Mr. Smith has 7 (seven) bitcoins in his wallet, however, he has recently lost his job
as a credit analyst because the company had undergone job cuts. Now Mr. Smith
is unable to pay his mortgage. The traditional banking system is rejecting Mr.
Smith’s loan application, because of his bad credit score, and he must find an
alternative solution for not losing his equity.
Here is where Fast Invest steps in. Bitcoin ratio is 1 BTC = 8 234 USD. Mr. Smith
holds 7 BTC, which converts to 57 638 USD. The maximum amount Mr. Smith
could get with crypto-proved lending is 46 110 USD, which is 80 % of the total
Bitcoin value.
For investors, Fast Invest will offer a 20% interest rate to invest in Mr. Smith’s loan.
On the other side, Mr. Smith will be granted a loan with 22% interest rate and
will be delighted to utilise his Bitcoin asset without having to sell it. During the
whole term of loan repayments, Mr. Smith’s Bitcoin will probably grow in value.


the 22% interest rate applies to those 46 110 USDs that Mr. Smith just borrowed?
Post
Topic
Board Speculation (Altcoins)
Re: In what coin/token would you invest if you had to start now with $5000?
by
arcassis
on 07/01/2018, 19:10:38 UTC
Thanks guys for all your answers! They really helped me.