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Showing 20 of 247 results by ohlawdy
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Topic
Board Altcoin Discussion
Re: Do we Need Altcoin?
by
ohlawdy
on 26/04/2018, 17:59:44 UTC
I think so because they bring the new technologies to the table , bitcoin is what it is and won't advance much further. While with eth for example we have seen what is possible if you build further on bitcoins tech.
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Board Speculation (Altcoins)
Re: Another Bear Market coming soon?
by
ohlawdy
on 26/04/2018, 17:56:48 UTC
It could be a trap , but i think the price will go up. And that is more because of the self-fulfilling prophecy, if everybody thinks the price goes up nobody will sell , which will make the price go up. I think the general believe and trust in crypto is far more important then what some analysts say.
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Board Economics
Re: Know Your Customer
by
ohlawdy
on 26/04/2018, 17:50:52 UTC
Quote from: BartS on April 26, 2018, 04:57:11 PM
Quote from: ivankoh on April 22, 2018, 10:31:12 PM
I support KYC registration for ICO projects because it verifies the identity of the investor to reduce fraud in ICO projects. KYC also helps limit the speculation of investors using multiple accounts to buy large amounts of tokens and can dominate the crypto.
I disagree completely with this, why new projects need to know who you are? What is going to change for them if they know your name and where you live? Nothing, nothing is going to change the ico is going to be as successful as it could be, and I am also against limitations to the amount of tokens that you can buy, while I am not a whale and I do not invest in icos I do not see the point of that limitation, if someone wants to invest let him invest, it's his money he should be free to buy as many tokens as he wants besides by doing that icos limit the money that they could get out of investors.
There is nothing going to change if they have your KYC info , except that it is very valuable to them. I think most people don't even understand what can happen with your info when it is in the wrong hands. And that all to get some shitty token for free.
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Topic
Board Speculation (Altcoins)
Re: Strategy: holding but trading
by
ohlawdy
on 26/04/2018, 15:05:07 UTC
Quote from: max1616 on April 26, 2018, 02:16:20 PM
Trading is both time consuming and very tiring..Always hodl is good..When it reaches a satisfactory level, sales are made.
This is the easier way to do it , with the swing trading you describe i think you are gonna have a hard time doing it. Because there will be moments you will be so wrong that you will lose all the profit you made on earlier trades.
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Board Speculation (Altcoins)
Re: in 2020 wich one will be higher bitcoin or ethereum ?
by
ohlawdy
on 25/04/2018, 20:11:51 UTC
Nobody can tell you this , i think it will be the one that grows towards mainstream adoption the most. And at this point it is impossible to say that. So do some research and try to make the best decision for yourself.
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Board Altcoin Discussion
Re: Warning MEW wallet!!!!!!
by
ohlawdy
on 24/04/2018, 15:36:40 UTC
Seems the best thing to do is avoid mew at all till the problems are solved. Even though the problem is not on mew side , it is still a big problem with crypto. You forget to check the url one time and something like this happens.
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Board Altcoin Discussion
Re: Litecoin's transaction in $99 millions
by
ohlawdy
on 23/04/2018, 20:19:19 UTC
Quote from: o_e_l_e_o on April 23, 2018, 07:25:12 PM
This transaction is worthless as a measure of it being a good coin. Just as big transactions are a worthless measure for all coins. How often do you think people are transferring $99 million? Exactly. I want to know how much the fees are when I pay $1 for a hamburger or $2 for a coffee. If the fee is still $0.40, then that's 20-40% of my payment, and your coin is useless.

We should be judging coins on their speed and cost for small transfers, not large ones. And I do like Litecoin for various reasons, but there are coins like Nano that have zero fees.
Add to that how much transactions it can make in a day , these numbers don't say much.
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Board Speculation (Altcoins)
Re: Is neo good choice for long-term investment ?
by
ohlawdy
on 23/04/2018, 02:38:19 UTC
I think it is a decent choice , they have the potential to compete with ETH or XLM. But they needs more projects to be build upon them , they need incentive to want to build upon neo rather then ETH. If they can achieve that they are doing very good.
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Topic
Board Altcoin Discussion
Re: What would you say to the younger generation?
by
ohlawdy
on 23/04/2018, 02:32:32 UTC
Never forget why bitcoin was created , to give power back to the people. Control over your own money , pretty anonmymous and nobody can take anything away from you. I think this are the core values of crypto and they should be remembered.
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Board Altcoin Discussion
Re: Your Best Crypto Passive Income?
by
ohlawdy
on 22/04/2018, 17:22:36 UTC
Quote from: BogdanGFTP on April 22, 2018, 05:15:45 PM
Passive income in crypto is very risky, just remember the Bitconnect
Masternodes aren't that risky , except that the price can crash of the coin but that can happen with everything. You just have to research where they get the money from, when it is a lending platform then that is risky.
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Board Altcoin Discussion
Re: Are we hitting another dip?
by
ohlawdy
on 22/04/2018, 17:05:05 UTC
I think you should have already bought in at this point , prices will only continue to rise. When the news starts reporting again we will see a big upwards trend imo.
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Board Speculation (Altcoins)
Re: And we have a lift off!
by
ohlawdy
on 22/04/2018, 17:03:56 UTC
I hear a lot of ''analysts'' saying that this is a bull trap , but i begin to believe that it isn't true. Looks like the market is getting ready for another bull run trough the summer.
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Board Bitcoin Discussion
Re: So Bitcoin is King.. why is it?!
by
ohlawdy
on 22/04/2018, 14:44:00 UTC
Because they were the first crypto to exist, it is called first movers advantage. And now i think people have the most trust in bitcoin because it is proven.
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Board Bitcoin Discussion
Re: Is bitcoin a better payment system?
by
ohlawdy
on 21/04/2018, 14:47:09 UTC
Quote from: teklang01 on April 21, 2018, 02:37:05 PM
For me, bitcoin has the potential to shutdown the other financial intermediaries because through this technology we can send money to any person directly anywhere in the world. It is fast, open 24/7 and low cost, no wonder lots of people prefer bitcoin payment system.
Bitcoins problem is that there are a lot of coins that do the same things but better. For now bitcoin has the name and all , but i don't know how long that will help bitcoin stay on top.
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Board Economics
Re: Why anyone who invests 5,000$ now in bitcoin will be millionaire by 2025
by
ohlawdy
on 20/04/2018, 15:07:00 UTC
Quote from: Palmerson on April 20, 2018, 02:10:52 PM
I do not exclude the fact that the price of bitcoin can rise to such a level. But the problem is that the great increase in the popularity of bitcoin can collapse the dollar price. Maybe in 2025, everyone will be millionaires. But for a million dollars you can buy a bottle of whiskey to celebrate such an event.
This , money is all relative when if the inflation isn't the same. You see this in the dollar already, that the average Joe lost a lot of buying power in the last 30 years or so. Bitcoin should stop a part of this with the fixed supply.
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Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
ohlawdy
on 20/04/2018, 15:02:28 UTC
Quote from: Moneypham5 on April 20, 2018, 02:47:18 PM
Bitcoin is arguably the world's first cryptocurrency, or it is more accurate than decentralized digital money, which is the new and biggest form of total market value. Bitcoin is the most widely used alternative to e-commerce. By November 2013, the base amount of bitcoin was valued at $ 7 billion. Large fluctuations in the dollar value of a Bitcoin have prompted criticism of Bitcoin's economic suitability as a currency. That is the advantage that Bitcoin is the number one
Well the large fluctuations make it harder to use bitcoin as a currency , because when you buy something a week later you could have paid the double amount in dollar.
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Board Bitcoin Discussion
Re: Is Bitcoin Still Good to Make Investment in it
by
ohlawdy
on 20/04/2018, 14:47:06 UTC
I think it is , maybe you won't get the returns that some people had with bitcoin. But it is still not to late , you just have to be patient and know what you are doing.
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Board Bitcoin Discussion
Re: Bitcoin is considered as halal by Sharia Law
by
ohlawdy
on 19/04/2018, 13:15:18 UTC
I thought this was generally known already, at least i saw some people say they asked their imam who said it should be halal. So i think the news has more influence on the pirce then that it is really halal.
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Topic
Board Beginners & Help
Re: Questionable wealth because of Crypto
by
ohlawdy
on 19/04/2018, 13:13:12 UTC
This is why it is important to file you taxes, a lot of people seem to underestimate this and i think it will come and bite them in the ass. In the usa i understand it because of their weird taxes on crypto , which can leave you with next to nothing. But once governments have a better idea how crypto works , then they will try and get the people who never payed up.
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Board Economics
Re: Will Bitcoin volatility prevent adoption?
by
ohlawdy
on 18/04/2018, 18:05:15 UTC
Quote from: Isaacck1 on April 18, 2018, 06:01:22 PM
Yes, the volatility is bitcoin's biggest irony. People today are searching for the best banks they could use for storing money. Bitcoin still has a low usage rate because of jts volatility. Not all can understand that volatility is a great instrument for traders and even holders. If bitcoin is not that volatile, many people will use it because of the characteristics that it makes it better.
You can also add to that that people are scared of spending their bitcoin , when you see headlines everywhere predicting bitcoin to go to 50k or even more.