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Showing 8 of 8 results by scorpiokk
Post
Topic
Board Services
Topic OP
P2P vs popular exchanges
by
scorpiokk
on 01/11/2021, 23:13:54 UTC
Hi there,

Are there any folks here that use peer to peer and non-custodial exchanges for bitcoin or altcoins?
I am just wondering what is usually the incentive for people to use P2P as opposed to something convenient like CoinBase or Binance.

I started using P2P since early days because I wasn't comfortable funding a Binance account and funding CoinBase was a pain.
Are there other reasons? P2P is certainly not necessarily cheaper, so why do people use it?

Thank you in advance for this bit of education!
 Cool
Post
Topic
Board Currency exchange
Topic OP
I am buying BTC
by
scorpiokk
on 26/10/2021, 21:37:51 UTC
Hi there,

I am buying BTC if someone wants to sell me at reasonable price.
I'm happy to KYC, escrow a must:
https://my.p2pmoon.com/listing/view/sell/781

Thank you!
Post
Topic
Board Altcoin Discussion
Re: What if Elon musk launches his own coin?
by
scorpiokk
on 26/10/2021, 20:47:23 UTC
I don't think he'd have an interest in doing that. Why when he can just pick any dog coin and pump that.

If you're thinking about him starting a blockchain that solves the energy and scalability problem of most cryptos I highly doubt he wants to start another PayPal company.
He has been talking about using crypto-mining in space heaters, so maybe he'll come up with some solutions like that Smiley which ultimately benefit him, Tesla and SpaceX. He really knows what he's doing.

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?
Post
Topic
Board Marketplace (Altcoins)
Re: Looking to buy Miner for Ethereum mining?
by
scorpiokk
on 26/10/2021, 08:33:47 UTC
Check the life of a miner in youtube. He has good breakdowns of hardware, cost and profits.
It seems like a huge upfront cost for the hardware and difficulty seems pretty high for this to be profitable. You will probably make money but if you overpay for GPUs then you're taking a risk of not being able to sell them later if something happens with ETH price.

Hi you all, I know there are experts than can guide me And I want guidance.
I am in crypto field but not too long. But I want to mine some Ethereum. And I do not know which miner or hardware I should buy. I would be pleased if someone should guide me. I will be thankful for them. Or Ethereum mining is profitable or not?
Post
Topic
Board Marketplace (Altcoins)
Re: Does someone use trading platforms?
by
scorpiokk
on 26/10/2021, 08:26:25 UTC
I don't know about tools, but there are a lot of reputable people that you can learn from.
Youtube has plenty of good resources and people, but even then crypto is way too volatile and even they might be wrong.

Before trusting anyone with this stuff, I'd suggest starting with few smaller trades, learn about projects, learn from reputable people, and definitely dont bet your house on it.

Trading cryptocurrencies can bring big profits - much more than investing, mining and other types of earnings on crypto assets.

However, where the profits are huge, the potential losses are also high. If you don't know how to properly analyze financial markets and trade using indicators of price movements, then trading can be a real disaster.

Many people, due to reluctance or lack of time, do not want to go through learning the basics of trading and therefore choose platforms with ready-made trading strategies and plans that can make trading accessible even for people who have just started doing it.

There are good educational resources from Newscrypto that I use in my trading, also this platform can help newbies not lose their money. Do you use such tools? And what do you think about educational platforms in general?
Post
Topic
Board Altcoin Discussion
Re: Will Bitcoin/ETH replace fiat someday?
by
scorpiokk
on 26/10/2021, 08:09:02 UTC
I don't think USD is going anywhere. It's more likely for crypto, and I don't know which one will take the lead, to replace all currencies around the world. If that happens then crypto can thrive. I don't think this is likely to happen anytime soon though. One of the very important things that still need to be solved (and no that's not energy consumption) is how taxation is going to work. The rich will still find ways to doge taxes, but government can't afford to lose those middle class taxes. Thats what I think anyway.

To fight against the control of USD thus create an anchor for people all around the global, or to make transactions apparent in cyber world, Bitcoin was coined by Satoshi(the second one is more valid).
Will the day come when everyone uses Bitcoin in daily payment(supposing new tech is applied to avoid high gas fee) and thus fiat gets abandoned? Or it won't because the amount of Bitcoin is set and all Bitcin is practically manipulated by capitalists...
Obviously , it's nearly impossible for Bitcoin to realize permant and global circulation due to its high price and scarcity, which renders it harder to take the place of fiat but it sounds that ETH is likely to be an anchor and a tool for daily use alike, surpassing BTC is feasible.
They say, if a country is at war or in upheaval, buying Bitcoin is not wise for its high volatility and USD is a better choice.
How do you think Smiley
Post
Topic
Board Marketplace (Altcoins)
Topic OP
Selling ALGO for BTC or CAD
by
scorpiokk
on 26/10/2021, 08:01:00 UTC
Hi there,

Selling about $1K of ALGO for BTC or CAD (I am in Canada) if someone is interested.
https://my.p2pmoon.com/listing/view/buy/727

I am happy to KYC and/or use escrow.

Cheers!
Post
Topic
Board Trading Discussion
Re: AML/KYC Explained
by
scorpiokk
on 26/10/2021, 07:40:36 UTC
AML/KYC is a barrier to entry for small Bitcoin startups and effectively hinders Bitcoin innovation .. it should be IGNORED

I've seen several exchanges dont have any KYC restrictions if you are dealing with smaller amounts. As soon as your transaction size or overall volume reaches a certain level then they ask for more information. Does this mean that youre not likely to get fined if you're selling someone few hundred bucks of Bitcoin?