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Showing 20 of 59 results by collecttmaster
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Board Altcoin Discussion
Re: Are Stable Coins keeping Ethereum alive?
by
collecttmaster
on 23/07/2025, 02:01:24 UTC
USDT is much more actively used on Tron than Ethereum, so this is probably not true. There are too many scams and risks on Ethereum that many people prefer using Tron, besides it is faster and cheaper. I wonder if there is somewhere good data that compares usage not just issuance. Does anyone know a source?

Honestly I believe if it wasn't for stable coins Eth would be useless by now worth $0. Otherwise what people will use Ethereum for, just NFTs and selling NFTs for bitcoin not for stable coin payments? Smart contracts with what if there are no stable coins at the other end of the contract?
ETH has no advantage over the new generation of coins. It is only there because of age and being the first for these kind of features. Old interests are keeping the price high.

Otherwise when will bitcoin gets its own stable coin on its own layer 2 to compete with ethereum? Layer 2's none of that sidechains nonsense that leverage no security from layer 1's.
I think I've read somewhere that someone is trying to deploy a stablecoin on Bitcoin, but I am not sure.

Okay we can see a clearer picture here. West Vs East. West is Ethereum and USDC Vs East Tron and USDT. However USDT Tether lends money to the USA Government so I don't see why Trump would ban USDT as he is getting $billions from Tether. It is like killing one of your main funders. So from this can we safely assume that Tether USDT will remain for years until if democrats win the next USA election with their anti-crypto stance but then again banning USDT is like I said before killing one of the government main sources of income because Tether buys USA Govt. bonds.

USDC is officially regulated and recognised by the USA Government. People in the poorer east need USDT because the dollar is the world reserve currency and their local currencies are not as strong I guess. They could by USDC but they prefer to support Asian Tron over western Ethereum? So in future it will be like 2 global competing economies that is western blockchain vs eastern blockchain for smart contracts but bitcoin is separate from all this as its a store of value but bitcoin can dominate all if it can do smart contracts too making Ethereum and Tron obsolete.

What you mean too many scams on ethereum compared to tron? You mean ethereum has too many smart contracts defi hacks in compared to tron? Which is more decentralized, Tron or Ethereum?
I don't see it as a West vs East thing at all. Ethereum is the worst smart contract chain that currently exists. USDC is also very small and nobody favors it. I have never heard anyone ask or offer to pay me in USDC unless they have no choice. For example if the blockchain that they are on does not have good USDT liquidity. As for the rest of the arguments I think there is zero chance of an USDT ban regardless of who the political leaders in the USA are. The people behind USDT were very wise with their involvement in government treasuries. This will ensure that the USA government will never go after them.

Just look at this data point https://www.crypto-news-flash.com/tether-holds-33-1b-in-treasuries-now-top-7-worldwide/. If they continue to do this they will be unstoppable.
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Topic
Board Altcoin Discussion
Re: Early entry always wins.. case study: Chainbase $C.
by
collecttmaster
on 23/07/2025, 01:44:23 UTC
Maybe in other coins yes they always win, but I think it doesn't seem like it's always like that, this is just my opinion, Then if there are any winners there, I know it's usually the developers
or the whale investors of coins that are just listed on the exchange.

Now, if you make a profit there, I congratulate you anyway, but the next question is, if you do that again in other coins, will you still make a profit?
Of course, your answer is that you're not 100% sure. That's my point.

This has always been my strategy too. Buy early, sell on Binance listing.. I've had like 4-7 occasions like that . I actually started mine when I noticed people use Binance as exit liquidity recently.. they're numerous popular tokens that dumped upon listing.. even C Op is falling about dropped from $0.5 to $0.3 currently.. I'll way the win rate is 70% for me..
Yes as I said in my post this is just a standard example of someone confusing lucky with strategy and skills. This happens often wherever money is involved especially in crypto. Many people consider themselves traders because they made good profit during a big bull run, but that is ridiculous. They don't know a single thing about what they are doing. Many projects have dumped on listing and those that followed this strategy all the time didn't make money.
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Board Beginners & Help
Re: How do people gain profit when crypto is dropping?
by
collecttmaster
on 23/07/2025, 01:42:39 UTC
Is that really it?
Does patience really have a direct proportionality to rewards or profit?

I don’t really see it that way in having to hold. Yes patience do play a vital role but even more so, you still get to pick the right moment if you hope to cash in on profit. People who would want to take profit today as against those that took profit last week when Bitcoin did hit the ATH would have a slight difference in profit. Still, those who took profit today would have had more patience than the later.

When it comes to getting profits when the market is dumpling, it’s more about those that are actively trading.
You misinterpret the data from that website. The holding time required to get a fair profit is much less depending on when you bought. Interesting website but the design could be better. The holding strategy is by far the best for Bitcoin.

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?
You gain profit from your previous purchase which you have made when the price was far lesser than what it is presently .
Take for example, you bought Bitcoin when the price was $40 and has risen to $100, and the price of Bitcoin started dipping till $74, the price difference between $40 and $70 has given you a huge profit.

Also making profit when market price is dropping has to do with the type of investment pattern you adopt either short-term or long-term, but the most preferable is the long-term investment of 4-10 years or more, because it gives room for  making more profit in as much as all you have to do is keep accumulating and holding without reasoning the market price or selling off at any point in time.
I would not consider 4 years a long-term investment, even 10 years is not really a long-term investment but it may be a bit long for crypto.

Post
Topic
Board Altcoin Discussion
Re: Early entry always wins.. case study: Chainbase $C.
by
collecttmaster
on 21/07/2025, 20:56:12 UTC

So I've always posted about how early entry is key when trading both spots and futures and rn the scenario has played out again. So I saw news about chainbase token listing 4 days ago and decided to participate in the Bitget launchpool for C while casually holding some of the token..

4days later, I noticed the token has done over 300% due to Binance listing announcement.

Without doing much I gained massively cos I was early.. for newbies or even pros in the game . This is the hack most people won't tell you. Stick to platforms that are early with listings, it's not a 100% but it'll surely increase your reward ratio
Very wrong. You didn't win because you were early, you won because you are lucky. Learn the difference! There are so many listings on Binance and all exchanges in the last 2 years that performed terribly, only dumping after listing and never really recovering.
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Topic
Board Altcoin Discussion
Re: Are Stable Coins keeping Ethereum alive?
by
collecttmaster
on 21/07/2025, 20:51:16 UTC
USDT is much more actively used on Tron than Ethereum, so this is not true. There are too many scams and risks on Ethereum that many people prefer using Tron, besides it is faster and cheaper.
Post
Topic
Board Gambling discussion
Re: What first got you into gambling, and what keeps you coming back?
by
collecttmaster
on 21/07/2025, 20:49:30 UTC
Almost every gambler thought about using gambling to become financially stable, but along the line disappoinment would definitely set it...the delusional thought that I could actually make life better for myself kept me going back to it but as I began to grow in age and mental maturity I realized that this was nothing but an impossible dream..no one can become financially stable with gambling at the long run
I disagree. Neither I or any of my friends that have gambled have thought about it this way. I think that is a very naive way of seeing the world and one must have limited math knowledge to believe something like that. We used it for entertainment and occasionally to score some easy money to grab a few extra drinks and chicks that night.  Cheesy
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Topic
Board Beginners & Help
Re: How do people when crypto is dropping?
by
collecttmaster
on 21/07/2025, 20:46:14 UTC
Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even the crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a to reverse your trade or investment at that point that will make you gain instead of lost?

If I understand you well, you mean that if the market is going against someone, it is possible for that same person to still make a gain from it. If you are an investor and you have already invested, and the coin you invested is dumping, I don't think there is any way you can profit from it. You will definitely be losing. But as an investor, you don't need to rush and sell when the market is dumping. There is always a possibility that the market will recover again and even rise higher than its previous price,but that will happen you invested in good coin.
Yes I agree with you, when the market is dumping, the only way is to be patient. And it is most important to know which coin you have invested in, especially if you are investing in Bitcoin, then of course it is most appropriate to be patient during dumping.
The more patience you have while investing in Bitcoin, the better your future will be, because patience is the only thing that can bring future benefits.
This is not really correct information though. There is a way to make money regardless of which way the market is moving and regardless of which investments you have made. If the market is going down and you expect it to continue to do so, you open a position called Short. You can short the coins that you own. If you don't do it, someone else will do it and take the money.
Post
Topic
Board Gambling discussion
Re: Taking risks responsibly.
by
collecttmaster
on 20/07/2025, 12:35:01 UTC
~snip~
A person who lacks self-control when it comes to gambling, he will definitely become deeply addicted to gambling and may face many terrible losses. The most effective way to protect yourself from gambling addiction is self-control and mental strength. Those who lack self-discipline will easily lose control while gambling, and at some point, they will make their own life as well as their family's life miserable.

Addiction is so terrible that it not only damages a gambler financially but can also completely destroy him mentally, it is not easy to get out of this cycle, especially if there is no self-discipline. If everything is under control while gambling, it will definitely not lead you to any negative situation, but as soon as it becomes uncontrolled, you will continue to be deeply addicted to gambling, and then it is no longer easy to control yourself.

So we should be aware in advance, maintain self-control and adhere to financial limitations well. If you gamble with the right attitude, it will never cause disaster, but when your mindset is towards making money from gambling, it will undoubtedly bring disaster for you.

Many countries have officially recognized that gambling addiction is a disease, and that people who suffer from it need treatment. A person who gambles solely to make money is either a professional gambler who is an expert in self-control, discipline, and strategy, or a gambling addict who lacks both self-control and financial restraint. Therefore, if a person realizes that they are gambling solely to earn money, they urgently need to stop and analyze their actions. It may not be too late to change their views on gambling. Otherwise, they will most likely face nothing but problems.
That's right there is not really a middle ground between those two. Usually it is someone who is doing it professionally or someone who is addicted. Those that are not addicted have learned or already knew that gambling is meant to be a limited entertainment. It is unfortunate that access to gambling is so easy because it has hurt so many people a lot. We usually shift the blame to the people who engage in gambling, but not everyone is smart enough to know the real risk of something. Even if you explain it to them they still won't understand what it means and what is the implication for them.
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Topic
Board Bitcoin Discussion
Re: 14 years activating 80,000 BTC?
by
collecttmaster
on 09/07/2025, 15:34:00 UTC
He must have forgot about this and then found out the keys later. He is lucky that he forgot it because otherwise he would have sold it much earlier with very small profits.
The likelihood that someone forgot about it is much less than the likelihood that it is simply a good holder! That is more a story for movies.
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Topic
Board Altcoin Discussion
Re: Doginme on Coinbase - thoughts?
by
collecttmaster
on 08/07/2025, 16:41:31 UTC
99% of meme coins are not on coinbase, this is.
That does not give any credibility to the project, it seems you have learned nothing in these past few years. In the last cycle listing on Binance and FTX gave projects legitimacy, and almost all of them ended up being scams.  Cheesy
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Topic
Board Bitcoin Discussion
Re: Bitcoin ETFs: Are They Actually Good for Decentralization, Long Term?
by
collecttmaster
on 08/07/2025, 16:39:59 UTC
That doesn’t mean centralization. It doesn’t matter who owns how much Bitcoin. 
Convince me that the coins purchased by BlackRock for their bitcoin ETFs are not centralized to them and the people who invest with them are not subject to any actions and decisions they take? Moreover, their profitability potential is lower since BlackRock would share their profits with them and if anything happens to BlackRock and they stop functioning tomorrow, would the investors have any claim to their coins?
The law does not allow them to do anything wrong. Nobody needs to convince you, you need to get some education. BlackRock is not some obscene exchange run by third world jeets and located in a very bad country.  Cheesy
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: 14 years activating 80,000 BTC?
by
collecttmaster
on 08/07/2025, 14:49:03 UTC
⭐ Merited by Alex077 (1)
Some interesting alpha regarding the 80,000 BTC transfer that occurred two days ago:
Before the 8 transfers (10K BTC each), someone sent OP_RETURN messages to those wallet addresses saying things like:
"We’ve taken over this wallet"
"Prove ownership by Sept 30"
It is just a scam method and a lazy one at that. But it may bait a victim or two. You can't claim ownership on anyone's coins, legally or illegally.

Total coincidence.
The real owner saw the messages and moved the coins to be safe.
Or maybe someone’s trying to fake a hack story to avoid proving where the BTC came from.
Okay, yeah — it’s a scammy move, no doubt… It might actually work in some cases, and about “claiming ownership” of someone else’s crypto.., there’s definitely some legal weirdness there.

 I had something super similar happen to me. I had this ancient Coinbase wallet — like, 10 or 11 years old — totally forgot about it, then out of the blue, I get this email from Coinbase saying, “Hey, you’ve got leftover funds, better withdraw them.”

So I try to log in — boom, password doesn’t work. Turns out they shut down those old wallets completely. And what do they do next, they hand my money over to some law firm in Delaware, and now I have to jump through legal hoops to prove it’s actually mine.

So yeah… when I saw this recent thing, my first thought was — these scammers are literally copying that same logic.
Yeah but that is not the same. Those were not your coins, you had an IOU with Coinbase. Never leave anything on any platform, because exchanges are basically like banks. They can even withhold your money for illegal reasons and with illegal practices, and it may take you years of lawsuits to get it back. But no, you can't claim someone elses coins legally as long as they actually do own the coins. To really own them, you must hold them yourself.
Post
Topic
Board Gambling discussion
Re: Which is more addicting?
by
collecttmaster
on 08/07/2025, 13:54:39 UTC
Now, what is more addicting? Slots or sports betting?
Definitely slots. Faster playing, faster losing, faster winning. You don't need to spend time analyzing and picking bets so much, you just play fast. Have you never seen inside a real casino how many people are like zombies in front of slot machines?  Grin
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Topic
Board Bitcoin Discussion
Re: Bitcoin ETFs: Are They Actually Good for Decentralization, Long Term?
by
collecttmaster
on 08/07/2025, 13:53:20 UTC
There is nothing wrong with this. People confuse distribution of wealth with the protocol. The wealth can be very centralized and the protocol will remain decentralized. It can never have an impact on the protocol, but people don't understand this because they are still stuck in the old ways of thinking. In traditional systems if you have a lot of wealth centralized, then you can manipulate things for yourself with your power. This is not the case with Bitcoin! Besides, ETFs are holding coins for countless thousands of institutions and people so really it is not even centralized ownership but instead just a big custodian. S
Post
Topic
Board Gambling discussion
Re: What first got you into gambling, and what keeps you coming back?
by
collecttmaster
on 08/07/2025, 13:42:30 UTC
Friends. I would not say it was peer pressure, nobody tried to push me to gamble. But seeing friends in early life looking at the odds, picking matches and bets day after day and having fun eventually I tried it and that is where it all began.
Post
Topic
Board Bitcoin Discussion
Re: 14 years activating 80,000 BTC?
by
collecttmaster
on 08/07/2025, 13:26:46 UTC
Some interesting alpha regarding the 80,000 BTC transfer that occurred two days ago:
Before the 8 transfers (10K BTC each), someone sent OP_RETURN messages to those wallet addresses saying things like:
"We’ve taken over this wallet"
"Prove ownership by Sept 30"

And linked to a legal site claiming the funds would be considered abandoned if no response by Oct 5, 2025.
The site seems to be from a law firm, but it’s unclear if this approach is even legal.
It is just a scam method and a lazy one at that. But it may bait a victim or two. You can't claim ownership on anyone's coins, legally or illegally.

Total coincidence.
The real owner saw the messages and moved the coins to be safe.
Or maybe someone’s trying to fake a hack story to avoid proving where the BTC came from.
Probably. Anyhow it would be good to revisit and upgrade security for a wallet that is this old.
Post
Topic
Board Bitcoin Discussion
Re: What’s the best Lightning wallet for Android today?
by
collecttmaster
on 08/07/2025, 13:24:16 UTC
It has already been reported here, but I would like to share that I have had fantastic experience with Phoenix. It is my first and only lightning wallet on my android, and it is just perfect! Of course it may miss a feature or two if you have specific requirements, so do check it out.

What makes it not recommended, I believe, is that it's custodial, so it doesn't allow users to access the private key or seed
For small amounts and recurring payments, I still believe it's a good wallet, but thinking about Bitcoin's best practices, that's why it's not so recommended

Correct if I'm wrong guys  Smiley
That is correct I think. Don't use custodial wallets if there are equal or better wallets that are not custodial. There is no need to do this.
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Board Beginners & Help
Re: How do people when crypto is dropping?
by
collecttmaster
on 08/07/2025, 13:20:58 UTC
The biggest lie sold to newcomers is that you can just "learn to trade" and print money. What they don’t hear is that even the best traders lose often. Especially in leveraged environments like crypto, one wrong move can wipe weeks of gains — or your entire stack. It’s literally impossible to avoid losses when you use leverage, because it turns market volatility into a landmine field. You don’t get to make mistakes. And guess what? Everyone makes mistakes.
Absolutely, the number of people that have lost money trying to trade or worse trying to use leverage is just crazy. You can't become a winning trader by trading as a hobby in your spare time. If you do win a lot, you just got lucky and need to be aware of this.

Real professionals - the ones playing options, futures, high-volume stocks - they often don’t even touch leverage. They rely on precision, timing, and deep understanding of macro conditions. Most of their edge comes from knowing when not to trade. That discipline is what keeps them in the game long after the hype cycles die out.
It is important to remember that you can't become a professional trader in your spare time. All these people do is trade, and there is a big gap between them and those that call themselves crypto traders.
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Topic
Board Altcoin Discussion
Re: Doginme on Coinbase - thoughts?
by
collecttmaster
on 08/07/2025, 13:07:59 UTC
Just like any memecoin, the price will tank when the community runs out of ideas to hype and attract new people, or it will create an everlasting community and ecosystem. One in millions/tens of millions build everlasting communities and ecosystems, will doginme do the same? That's the big question, my guess is that the answer is unlikely...and while memecoins are volatile, so far that's true based on market cap at time of OP posting ($45m~) to current ($33m~)
It is 33m market cap now, but will be 300m market cap or more when alt season comes later this year
It is just one of many memes out there and as such its fate is already sealed. Even during an altcoin season it may get a temporary hype and high, but it won't last long and it will leave many people sour with massive losses.

You dont know that, it could go to zero but at its current low market cap it could also 30x easy with hype during altseason.
I don't need to know it. Analysis of the market data shows that 99.99% of the memecoins created have failed and have caused massive losses. Because of that, it is correct to say that this will most likely suffer the same fate.
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Board Bitcoin Discussion
Re: Elon Musk endorsing Bitcoin on X
by
collecttmaster
on 08/07/2025, 13:05:10 UTC
Do you know how hard it is to get a party established and on ballots in all of the states? I mean if you want to have a fringe minority party that is represented by a few states at most and limited in seat numbers then it is not that hard.
Yes but that's exactly the point: they want to start as a "fringe minority party", and that's the only path of action which has at least a minimal probability of success. I don't know the electoral landscape of the US so well to know where such a party could get traction. Silicon Valley, or more broadly, California perhaps, where people could be tired of Democrats (but also don't like current Trumpist Republicans)? I suppose it would make more sense to start in an urban environment than in the countryside, and typically there it's easier to make the first steps (in Argentina, for example, Javier Milei's libertarian party was first a local phenomenon in Buenos Aires).
I'm mostly wondering why he didn't try to join the Libertarian party and make some adjustments where appropriate instead. They are already established everywhere, but perhaps it also has to do with the name and marketing. A lot of Americans are gullible on names, so a party with a better name could do better than the Libertarians simply because of the name.

The problem is that with his changing stances and crazy behavior he has created enemies from both sides out of people who previously supported him for different reasons.
That's true. But that could mean also that Musk, if he wants to have success with that party, shouldn't put himself too much into the foreground and try to gather support from other well known people too.

In general I like the idea of a "third party" in the US (or any country with a "ossified" two party system). But of course there have been attempts before and they never really took off. On the other hand, the UK shows that third parties can thrive in a first-past-the-post voting system.
If he really wants to do this, he needs to get off of Twitter and shut up most of the time. I also am fond of the idea of a third party, and it is very badly needed in the US, but Musk as the leader will not work out that well I think.