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Showing 9 of 9 results by gmreal1
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Topic
Board Economics
Re: Global debt soars to 356% of GDP
by
gmreal1
on 01/03/2021, 06:57:46 UTC
I don't have any debt right now. I feel I'm missing out, if there is some inflation in the end, it's better to have some debt at a low fixed rate, then inflation will basically pay back your debt. If you're fiat rich on the other hand, inflation will eat your savings.

You are making a mistake comparing your debt and government debt. It is totally different what you do and what the government does and in economics this is considered a major fault to compare micro and macro scale.
This is called "fallacy of composition" and it is common mistake for people with very limited knowledge of economics.

Also the high debt doesn't necessarily mean that inflation will rise. You need to understand that high debt to be combated requires less liquidity in the market. In case the government keeps printing new money then inflation will reach higher and may even reach hyper inflation as we have seen in history. The countries that didn't officially declare bankruptcy but combated high debt and assured lenders by paying back the loans, they succeeded in having their economies less devastated and free of inflation. It is a lose-lose scenario, however it is about how to proceed with having the less dire consequences.
Post
Topic
Board Altcoin Discussion
Re: Currently i am quit from market and come in 2024
by
gmreal1
on 01/03/2021, 06:37:06 UTC
Currently i am quit and just taken my profit and exit. already exit and i am writing. i am hoping to come after 3 years. with 10000USD investment for a potential coin at that time..

now bull market gone, what ever bullish now is temporary and bear is inevitable. so whats your plans ?

You don't know where the top is, but I can't help but to agree. Many that did their research know that price will crash one day, however for the bull run to end, it will need to first go into a parabolic trajectory. If this doesn't happen and the bull run just ended now, then the chart is off, and the reason is the 2019 bull run that shouldn't have been, but it happened because of the Chinese Ponzi schemes that were running wild during that year and made billions in Bitcoin purchases.
I am not going to tell you that you are wrong, and possible all the rest that tell you not to stop now, they are also right. Because price will very possibly rise again, but it won't be too far from the top. Even $100,000 will be just double from the previous ATH, while a year ago the potential was for ten times profit or 1000%. Now it is 1/10th of that. Remember to come back before 2024, sometime in mid 2023.
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Topic
Board Bitcoin Discussion
Re: Let's Say Bitcoin is scam
by
gmreal1
on 03/11/2020, 22:54:17 UTC
How can someone say that software is a scam?
Bitcoin is open source and does not contain malware.
It is a system that uses nodes around the world to validate transactions and it is the most decentralized network humanity ever had.
There is no one taking the decisions alone. It is a system of communication inside a consensus based governance.
All of these should convince you that bitcoin is not a scam but from what I see you have a clear picture of what is a scam and what is not already and you are just trying to justify your actions.
Post
Topic
Board Bounties (Altcoins)
Re: 🚀🔥 [BOUNTY]HUBRISONE - Seed Round Campaign || 💰 💰 Rewards in ETH 💰 💰
by
gmreal1
on 05/12/2019, 16:26:05 UTC
###HUBRISONE Seed Round 1###
Facebook/Twitter/Telegram Account Link: https://www.facebook.com/mark.szabis.7
Post Link: https://www.facebook.com/mark.szabis.7/posts/150890869585490
Facebook/Twitter/Telegram Account Link: https://t.me/mortyno1
Post Link: https://t.me/extradecoincommunity/104070
Post
Topic
Board Bitcoin Discussion
Re: There are a lot of rumors about the Chinese market recently.What is truth???
by
gmreal1
on 05/12/2019, 16:17:49 UTC
When you listen to news especially from China just do the opposite of what comes to your mind first.
China FUD equals buy , China Fomo equals sell.
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Topic
Board Trading Discussion
Re: 3 things should not be too in trading
by
gmreal1
on 06/10/2019, 08:01:17 UTC
From my experience day-trading with leverage is really hard and I don't see much value in it. The risk is too high, although with crypto you can have really good gains if you spent your whole day on it.
Watching the 5 minute and 15 minute candles is pointless. 4 Hour, daily and weekly give you a clear insight instead.
This is how investments happen. You can't buy the absolute bottom or short the absolute top unless you put thousands of orders.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SymVerse– Public Blockchain Platform for Everyone, Everyday and Every Use
by
gmreal1
on 24/08/2019, 08:30:16 UTC
This thread was created in May and now it's July but I don't see new developments from this project or posts from the development team of what has been achieved. Is this project more active in their telegram group? or are they not really active?

Symverse is quite active in telegram.

t.me/SymVerse

Sadly I'm concerned that projects lately don't actually care about bitcointalk much. Concerned about bitcointalk not the projects. And the direction it took with the exclusive ranking and trust systems. Creating a closed cult of old members and not allowing much space for new. All the merit is passed from one old member to another for comments without any substance. Most people in bitcointalk are still here for the signature campaigns and doesn't actually care for the projects or for Bitcoin.

This is quite obvious even to people that have no clue about cryptocurrencies but want to learn about it. They just read dozens of pages of comments (quite a few meritted) that have absolutely no value to them.
Merit system doesn't allow bitcointalk to grow. Probably the admins think they grow when a legendary member creates ten new accounts and merits them to participate multiple times in signature bounties. Or they think it's ok to call any project a scam without actual justification besides comments on telegram or not answering a question some staff member did.

So even older projects don't actually care about bitcointalk lately. It still exists because of the coinmarketcap links and nothing else.
If Coinmarketcap decides to use altcointalk for example or any other forum, for it's links, then noone will visit this one.
I'd like to see the statistics about btt traffic, but my guess is I don't actually need to. I'm sure that at least 90% of traffic comes from coinmarketcap links.
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Topic
Board Bitcoin Discussion
Re: Has Argentina proven BTC to be a store of value class asset?
by
gmreal1
on 15/08/2019, 06:31:40 UTC
I think most people in first world countries have never experienced the problems with hyperinflation like we had with countries like Zimbabwe and Venezuela, so they do not appreciate the "Store of Value" that Bitcoin offers people living in these economic circumstances.

The USA & China trade wars is their first taste of economic instability, so they will soon start looking for something with a good "Store of Value" to protect their wealth and Bitcoin will be there to help them.  Wink

We saw what happened in Greece when they started to close the Banks and how people started to use Bitcoin out of necessity, due to a lack of Fiat in circulation.  Grin

People didn't start using Bitcoin in Greece out of necessity, or for any reason at all, in 2015. I don't know where you got your facts but you couldn't be more wrong. Lying or spreading misinformation won't help Bitcoin or this community.
Post
Topic
Board Bitcoin Discussion
Re: In 10 years from now a quantum computer
by
gmreal1
on 23/07/2019, 19:23:17 UTC
In 10 years from now a quantum computer will have sufficient computation power to give a 51% attack on the bitcoin network.

Please discuss.

The rate of our evolution will probably keep increasing with technological advancements like Quantum computers, cold fusion plants, Artificial Intelligence and Robotics.

I am just sad that I'll probably won't have enough time to enjoy a future of humanity uniting and prospering, with space exploration becoming our main target.

So there is not much point in discussing Bitcoin along with Quantum computers. I was about to type that I doubt it will be still relevant, but I'm afraid that after 10 years someone will reply to this post about how dumb I was  Lips sealed Lips sealed Lips sealed Lips sealed