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Showing 20 of 454 results by crenfrosck
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Board Altcoin Discussion
Re: How important is the name of a cryptocurrency project?
by
crenfrosck
on 13/09/2019, 22:08:08 UTC
Even though I would like to say no, it has some impact. Name and logo play essential role as a brand, and let´s be honest, we like nice things. I can not deny that a project with unique/appropiate/eloquent name make me to look at it deeper, so they have bigger chance to gain my attention. Such a small thing can be a starting point of the butterfly effect which can bring you to a total failure or a long-term success  Smiley Not the most important one, but no one is capable of studying every single project and we filter them by some attributes which are often not logical, but it is what it is  Grin.
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Board Economics
Re: Can a Stock Market Crash affect Bitcoin?
by
crenfrosck
on 25/08/2019, 21:33:31 UTC
Definitely. We live in a times where bonds give investors negative return. They seek opportunities to grow their portfolio and I would say that they are just waiting for ”legal” ways of obtaining crypto through institutions or are already doing so through OTC trading. It's worth a risk, I think so at least. Crazier things happened throughout the history and being prepared for even the least possible scenario might be rewarded sweetly  Wink.
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Board Altcoin Discussion
Re: What if Ethereum replaces Bitcoin someday?
by
crenfrosck
on 25/08/2019, 21:21:51 UTC
Well, future is pretty much unpredictable here and I am totally lost in market's possible outcomes. Sure, BTC doesn't have to stay number one forever, but there are many coins aspiring to take its place. ETH has a strong community behind it, however, never underestimate your opponents. Many platforms are attempting to bring even better possible solutions towards being accepted worldwide. My answer? Diversify and hopefully it will be all right at the end Wink.
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Board Altcoin Discussion
Re: US Congress Requests Moratorium on Facebook’s Libra Stablecoin
by
crenfrosck
on 25/08/2019, 21:15:35 UTC
Oh, how infuriated is that bunch of kids when someone would like to ignore their monopoly on printing money  Grin. This shows to me that crypto was and still is worth the effort. When the government wants to know what am I doing with my money, now that I see as a problem. It seems like a battle for our freedom is about to begin. Sooner or later, it is becoming inevitable.
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Board Altcoin Discussion
Re: Betting : A big problem to crypto?
by
crenfrosck
on 25/08/2019, 21:08:54 UTC
While it is not certainly the most humble thing to present, this proves that the use case exists, even today. Lottery is actually a nice thing to start with. Trustless blockchain technology brings us fully autonomous lottery which can not be manipulated. Every participant knows he has the same chance as everyone else. I can not imagine how stunned will people be when they realize how it's most valuable feature can improve current systems. No middlemen, no secret fees. Just you and your business untochable by others.
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Board Altcoin Discussion
Re: Do you think 40% bonus is too much for early Investors?
by
crenfrosck
on 24/08/2019, 21:59:43 UTC
Definitely not. Just imagine being in their position when they are willing to basically ”sponsor” a bunch of people with an idea while they have not raised a lot of money so far. In addition, those tokens are most likely going to be locked up for a certain period of time (even after being listed) and those people are usually not responsible for a sudden drop of price. Showing them some gratitude with a bonus is reasonable, if you ask me.
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Board Altcoin Discussion
Re: Gigantic max supply is bad
by
crenfrosck
on 23/08/2019, 21:53:03 UTC
Logically, greater supply means the value of a single token will be lower. However, in the other hand, many BTC are basically lost forever. It does not sound like an asset you would like to use on a daily basis as its value might grow significantly in the future. Doge does not have max cap and while a single is quite worthless, you know it is more likely going to be used in a form of transactions (fees are very small as well). Finding a perfect balance is essential for a cryptospace. Otherwise, no one would like to trade their precious coins and we will be doomed.
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Board Altcoin Discussion
Re: How often do you check crypto prices?
by
crenfrosck
on 23/08/2019, 21:44:32 UTC
On average, let’s say two times a day. After some time, I am immune to a sudden ups and downs, but it was wild back then Grin. Looking at those insane rising prices was addictive. I could check it on an hourly basis and I wouldn't think of it like I am doing something wrong. Knowing your borders is extremely important, never fall for an activity which affects your life negatively (or try to cut it down as much as possible).
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Board Altcoin Discussion
Re: Investors are impatient and too quick to judge projects
by
crenfrosck
on 22/08/2019, 22:41:46 UTC
Blaming their experience here. Strategy seeking immediate profits with a mindset "everyone is stupid but me" can not work for them in a longer period of time. Sooner or later they will get burned and blame who? The incompetent team, market situation, not well-known exchange, sell their coins... that will magically rise as the team keeps up. Empty-handed rushing to find another project to see the same scenario all over again. On the other side, it is quite funny for observers  Grin. Crypto community needs to grow up. Emotions are not in place in those situations. Responsibility lays in hands of every individual, though. But staying ignorant does not pay off.
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Board Altcoin Discussion
Re: Governments against privacy-oriented cryptocurrencies
by
crenfrosck
on 22/08/2019, 22:34:00 UTC
I have to tell that I fully understand your position in this particular discussion, however, I do not share the belief of the goverment turning down XMR/GRIN. Sure, they might be capable of pushing them outside the world of "common transactions," but they exist and the black market is unstoppable just like human desires. They would participate in a war they have no chance winning of (and even funded by taxpayers money... tragic in its own way). I really hope they will realize that technology has finally reached a point when no authority is big enough to stop decentralized systems of p2p transactions. Oh Lord, I know this will be bloody... Nonethless, as long as there are people looking for freedom as their primary desire, privacy will be seeked at all fronts (including transactions).
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Board Altcoin Discussion
Re: Adoption Over Bull Run
by
crenfrosck
on 02/08/2019, 12:42:48 UTC
I would say that there is a slight correlation between them. As you have mentioned, all those XYZ tokens/coins are in hands of just a few per cent of a population. However, if they are in hands of more people, the will become more decentralized, no entity will hold (THAT) much power over the market and the price should be more stabilized. Adoption will bring more profit over the long-term than trying to squeeze as much as possible from the market at the moment. I agree with your statement after all  Wink.
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Board Altcoin Discussion
Re: What are your Goals in regards to cryptocurrency?
by
crenfrosck
on 02/08/2019, 12:29:04 UTC
Two very important factors. Firstly, it is a way how to make some money aside from what I am doing at the moment. Not going to lie, but many are here for the same reason, so why not give it a try. However, as time goes on, every sane person has to agree how much sense it makes: as there are no regulations destroying the market (well, they exist, but it will take government some time, hopefully), especially if we are talking about truly open-source cryptocurrencies. Trade war, AOC and other crazy stuff is happening in the US (Europe is even in worse state, though- look at UK, for example) in combination with this space made me questioning the system even more.

 And what is my goal, after all?

I am not sure at this point. I would love to see a peaceful, market-driven, dismantling of current archaic elistist structures as their corrupt mean hands will be finally out of reach of our money. And that would be prosperous for individuals as well, including me  Smiley.
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Board Altcoin Discussion
Re: Your money could vanish in IEOs
by
crenfrosck
on 02/08/2019, 12:16:07 UTC
I would say this is a new era of ICOs that are "simply too good to fail because it is backed by a big exchange!" One can say that experts are capable of finding scams and shady projects, this, however, can not make it successful alone. Sure, their ROI is massive, but for how long? Therefore, I second questioning them. Legitimacy should not be a problem anymore, but it is just a part of a whole "find a unicorn" race.
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Board Altcoin Discussion
Re: Will You Trust a Project Announce BY A Legendary Member
by
crenfrosck
on 14/07/2019, 22:49:07 UTC
Probably yes, but never stop paying attention. I would count on a person with a lot of positive feedbacks as it is probably not a bought account. Plus, such a person does not want to be associated with shady projects (mistakes are made, but make it more times and your hard-earned respect from the community is turned to dust). In general, I would trust them more than some newbie-like looking accounts with no history. It looks like they have put some effort into looking more legitimate, which is precious in this field.
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Board Altcoin Discussion
Re: Would you trust FB with your KYC details?
by
crenfrosck
on 14/07/2019, 22:23:46 UTC
It’s simple: if you don’t hold your private keys, you are not a legitimate owner of the wallet. Even more, you are giving your financial details to a company like FB... doesn’t sound like a good idea. You would walk on a very thin ice as you never know if you haven’t violated “Community Standards” and your wallet might be suspended for a while just when you need it the most. I would recommend standing away from it for as long as possible.
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Board Altcoin Discussion
Re: Governments against privacy-oriented cryptocurrencies
by
crenfrosck
on 14/07/2019, 22:14:59 UTC
This is kind of a short-sighted belief. Even with an intent to “criminalize” those private coins government can not stop people from using them entirely. Their official status might be controversial, but its positives are playing a big role for people who want to hide their transactions from the BB. Who knows, if the supply is going to be reduced by central authorities, its value might pump up.
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Board Altcoin Discussion
Re: Stop Blaming Bounty Hunter!
by
crenfrosck
on 13/07/2019, 23:09:52 UTC
A never-ending discussion. Both sides have their points. Let´s say it: a lot of bounty hunters are going to dump it as soon as the project hits the market selling it for a penny. However, economy and markets exist because there is some kind of harmony between demand and supply. Without demand, even a bazillion of your tokens are not worth a dime. Moreover, if you knew a situation like that can happen (if you are an investor), why wouldn´t you allocate, let´s say, 10% of your investment for a time when the coin gets to the exchange? You would get so much more with a crazy discount! Wink Nothing is for certain, especially in crypto. Why didn´t you cover these two most possible scenarios to eliminate a risk? An educated investor would know how many tokens "for free" would possibly enter the market and he would like to take an advantage of that. Well,better luck next time, I guess?
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Board Altcoin Discussion
Re: Trump's statement against cryptocurrency
by
crenfrosck
on 13/07/2019, 22:58:20 UTC
I hope it will have none. Actually, I think Trump is getting scared a bit. He saw that "standard" fiat currencies have their flaws and some people noticed that. The system can stay sustainable for as long as a majority of people believe in it. The house of cards can fall down pretty quickly with a many people involved in its demolition, so they can not risk an end of the world controlled by them. Oh boy, this fight will be tougher and tougher. Politicians will not stand for us. It is in our hands to do so.
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Board Altcoin Discussion
Re: US Government vs. Facebook Libra
by
crenfrosck
on 12/07/2019, 20:56:57 UTC
Of course it does Grin. Hillariously, Trump in his tweet is trying to attack crypto while all characteristics he has given to them can be applied to fiat currencies. At this point, I am not sure whether it´s funny or not... I consider Libra as an experimental attempt to oppose government-backed money (while privacy and usability is... meh). You can see how many negative reactions it gains. It only proves that what everyone is doing on this sector is right: as everyone would LOVE to control others, and crypto can prevent it to some point. It will be an interesting "reality show" to watch, I guess  Grin.
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Board Altcoin Discussion
Re: Don't get your hopes too high
by
crenfrosck
on 12/07/2019, 20:49:39 UTC
You can not be sure at any moment until you have tokens in your personal wallet and a functional exchange listing that particular coin. Managers are doing their best to gain attention of bounty hunters by revealing incredible amount of money reserved just for them: however, most of them are worthless. Simply, it is not the most important factor for me. Actual team with sustainable project is my goal to find. Not an easy one, to be fair, but the possibility is there. Looking at it just as your extra-extra source of income is what would I recommend.