follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - emmybd

Pages: [1]
1
Bitcoin Forum / Bitcoin mining and electricity
« on: February 10, 2021, 04:53:22 PM »
Internet banking systems or ATMs usually transfer money with the help of an intermediary, which causes expenses twice as much trouble, that’s how bitcoin chooses to save the day with simple and fast transactions. To make bitcoin this much fast and convenient, a huge amount of electric power is being employed. The efficiency depends on hashes, which the mining hardware uses.
Bitcoin, according to bitcoin’s power usage tracker by Digiconomist, mines at a rate of 77.78 terawatt-hours per year, at the moment which is equal to the entire electricity usage in the Netherlands and the Czech Republic. CoinShares has reported from their research that most of their energy comes from wind, hydroelectric and photovoltaic sources; these are all sustainable and renewable sources.
Many might be concerned with bitcoin’s mining substantiate in China. However, only 60% of it is being mined in China, while the 40% remaining take place in varying areas across Washington, New York, British Columbia, Iran, Sweden, Newfoundland, and a few more places.

2
Bitcoin Forum / Can bitcoin trigger the banks' collapse?
« on: February 06, 2021, 07:54:45 PM »
The Banks are controlled by central authorities. Every transaction is recorded in banks. A bank is a trustworthy place for most people around the world. On the other hand, a lot of people haven't heard about bitcoin as yet. As it is not regulated, so many people don't feel confident in dealing with this system. The Banking industry is much bigger than the cryptocurrency industry. The largest cryptocurrency is bitcoin. Still, bitcoin is a very small industry if we compare it with banks. The entire cryptocurrency market can't be compared with banks as it is too small. So, it is not possible for bitcoin to trigger the banks' collapse.

3
Many countries including Venezuela, China, USA, Russia and others are planning on launching their own cryptocurrency since the growth of Bitcoin has caught the public eye. The difference between the decentralized and centralized cryptocurrency (CDC) lies in ownership or lack of it thereof.
The anonymity, maintained in decentralized currency, is one of the major factors which has attracted mass attention. The dearth of privacy in CDC, meaning that the government and anyone in the system can view the transaction details while controlling and denying it if they want is probable. Governments, possibly insecure of their future in the national economy, due to the mass adaptation of cryptocurrency have decided to join the game.
Even though Russia has an intent of taxing its black markets through its cryptocurrency, not all intentions are malicious. Using CDC is going to be much cheaper than using credit cards or paper money, due to the lack of middlemen. Another benefit of the CDC may be that interest rates may be altered, according to personal needs.

4
DeFi tokens / What is Decentralized Finance (DeFi)?
« on: December 23, 2020, 09:21:55 PM »
DeFI, or “decentralized finance,” a term for a decentralized method of transacting through blockchains ( technology serving the bitcoin). The system isn’t particularly controlled by a single or central source, which allows the trader full authority and control over their transactions, making it as fast as they want them to be. Several entities are given the right to have the history of transactions.
 
DeFi can be more unique for blockchain uses and may be extended from simple transactions to complicated cases. In cryptocurrency trading, many assets like Bitcoin and other alternatives remove middlemen, for the extra layer of privacy. A regular credit card usually has an institution going over the transfer and recording it in their private ledgers, the institution has full power to cease or pause the transfer as well. Using bitcoin may save your transaction from being interrupted, this way.

5
Ethereum Forum / Why Ethereum is The Best?
« on: December 19, 2020, 08:28:52 PM »
Ethereum was invented to create a more diverse application for financial cases. Ethereum’s use of smart contracts created a touch of mastery to the technology, as transactions are based on different conditions. Smart contracts give access to more freedom in transactions due to its connection to the blockchain which forbids interruption of any kind.

 Bitcoin may be more renowned however, Ethereum has risen as a powerful adversary, with greater applications and more powerful technology. Another advantage to Ethereum is its seamless and swift pace of transactions. In spite of the power of smart contracts and a wide range of applications, there’s room for the occasional slip due to the fact that it was still coded by human beings. And for that, is a solution in Ethereum itself, that it can be re-coded when a consensus is reached between users.

With Ethereum’s cutting-edge technology, the time won’t be too far when Ethereum takes over the digital marketplace.

6
To earn more control over its economy, China intends on replacing the USD to yuan as the global currency. Since China's economic growth due to the cheap exports to the US, international trade and gross domestic product share of China increased to around 10%. This caused some conflict between China and the US.

With trade soaring, yuan's eminence grew and in August 2015 it became the fourth most frequented currency globally, it left behind its ranking in the 12th position within three years, surpassing Japanese yen, Canadian loonie and the Australian dollar. China has made it far easier to trade the yuan in foreign exchange markets.

It’s not the trade that makes USD the world’s reserve currency but the fact that there’s a sense of trust in the US economy. The transparency of the market and stability of its monetary policy are two important factors as well. Hence, it is not possible to eradicate the use of the dollar, even though it may be declined.

7
Cryptocurrency discussions / Cryptocurrency is the Future of Money
« on: December 16, 2020, 06:11:46 PM »
Crypto is affecting all parts of the world. It is extremely likely that crypto will touch everything that we utilize in our daily lives, such as our household products, like smart products. Because with technology upgrade, is also increasing micropayments as payments are made from one machine to the other, through apps without being processed through a central bank, only through blockchains.

When it comes to peer-to-peer lending, crypto adds another layer of transparency and security while disappearing the hurdles of trading through banks and centralized institutions for which additional fees and interest rates are required.

Slowly hospitals, stores, schools and universities are adopting crypto exchanges, especially in this pandemic which proliferates by touch. Bitcoin, not only makes transacting easier for busy people but also the disabled, while making it secure and quite impossible to track due to its anonymity.

8
Basic Questions about Cryptos / What is Blockchain Technology?
« on: December 14, 2020, 08:02:24 AM »
In simple words, blockchain is a digital record of transactions. Blockchains are used for recording transactions made with cryptocurrencies, such as bitcoin, and so on. A blockchain is like a spreadsheet which contains information about transactions. A blockchain spread over many computers, each of which has a copy of the blockchain.

Blockchain technology is very amazing and effective. This technology is so breathtaking that it's difficult to hack or cheat the system. It's an important digital technology. It's smart technology and it keeps the documents safe. This technology is based on peer-to-peer topology. This technology keeps every single information about transactions.

Blockchain technology is a pretty secure system. But we can't say that it's 100% safe. It has some defects too.

But overall it's a very fruitful technology and helpful for us.

9
DeFi tokens / DeFi (Decentralized Finance) - The Technology for the future
« on: December 12, 2020, 05:55:49 PM »
DeFi(decentralized finance), a newcomer into the decentralized system and technology, is operated through DApps which are materialized on blockchain networks, such as Ethereum. DeFi enables the adoption of  every financial system into crypto, making physical infrastructures of financial uses useless and shifting the authority to the users and investors.
DeFi allows you to borrow and lend using smart contracts, make exchanges fully decentralized and create banking services. DeFi is a hundred percent transparent while spreading its availability all over the world. It abolishes the necessity to depend on central banks and governments, increasing access to different institutions.
No third-person intermediaries are required and no companies or persons run it. It’s minimalistic as it requires scarcely any human intervention. Still, DeFi is often disregarded by countries due to the lack of any centralized party and as it’s new, it’s still unknown to many. Regardless, it is slowly being accepted for its innovative technology.

10
Legality & Taxation of Cryptos / Bitcoin Taxation
« on: December 11, 2020, 06:41:18 AM »
Around the world, tax authorities have tried to govern bitcoins. When it comes to the Internal Revenue Service (IRS) and the provision of bitcoins in the United States, it is on the same document from other countries. The IRS says Bitcoin should be deliberated an asset, a commodity or indomitable asset and not as a currency because the central bank does not emanate it. Treating Bitcoin as an asset lights up the disclosure of taxation. The federal agency uttered in July 2010 that it surmised it was sending admonishment letters to more than 10,000 taxpayers that "the virtual currency transactions of income begotten in a refund of coming-in and consequently uncrossed to pay taxes or debriefing their transactions strictly”. It warned that misreporting of income could end in a forfeit, usury, and even felonious charges. The IRS has made it mandatory to report bitcoin transactions in every case, no matter how small the price. Thus, every U.S. taxpayer must repose a record of all purchases, sales, investments, or payments for fit-out or services using Bitcoin. Bitcoins have deliberated an asset, and if you use Bitcoin for easy transactions likewise purchasing groceries in the supermarket, you’ll have to pay capital gains tax relying on how you held the Bitcoins in the long run or the short run.

11
Crypto Exchanges / Centralized and Decentralized Exhcnages
« on: December 09, 2020, 08:46:04 PM »
DeFi is the short form of decentralized Finance. It's a system by which cryptocurrencies can be exchanged. On the other hand, CeFi is the short form of Centralized Finance. It's a service by which all orders are controlled by one central exchange.
In decentralized exchanges primary decisions are made by the organization. And in centralized exchanges primary decisions are made by the person who is at the top of the organization or by the top management. In decentralized exchanges most of the planning and strategy are set by the organization. On the other hand, in centralized exchanges most of the planning and strategy are set by the top management. In decentralized exchanges decision can be taken very fast but it takes some time to make a decision in centralized exchanges. For large sized organization decentralized exchanges are suitable and for small sized organization centralized exchanges are suitable. In decentralized exchanges employees feel highly motivated as they are also get opportunity to make decision but in centralized exchanges employees feel demotivated as they don't get opportunity to make any decision.
CeFi and DeFi both deliver a wide range of cryptocurrency. Both of them are popular in their own way.

12
Legality & Taxation of Cryptos / Bitcoin and Illegal Activities
« on: December 06, 2020, 09:56:34 AM »
Bitcoin, the most popular cryptocurrency, is often considered to be a potential barrier breaker of the world's traditional finance. Comprising the largest cryptocurrency market share, Bitcoin nowadays is also facing the challenges of proper rules and regulations. As a result, criminals are using Bitcoin in their illegal activities, and it is being used as a source of funding in various dangerous criminal activities.

According to a review of financial studies that was published in 2018, among the total transactions of Bitcoin, 46 per cent are used for illegal activities every year, and the estimated cost is $76 billion. This amount is the same as the scale of the illegal drugs in the European and US markets. This study also suggests that Bitcoin conducts transformations of black markets as it is helping the black market to enable "black e-commerce".

In conclusion, it can be said that criminals will use Bitcoin continuously for their various illicit purposes. It is because this thing happens with all the assets. But it can be controlled by strong tracking and ensuring strict rules and regulations.

13
Cryptocurrency Trading / Crypto Trading - Long term Vs Day trading
« on: December 04, 2020, 08:35:38 PM »
Cryptocurrency Day trading involves making trades that last within short period for example, seconds or minutes, taking advantage of short-term fluctuations in an asset's price. With day trading, all positions are opened and closed within the same day. Long-term investing, on the other hand, consists of making trades that stay open for months, and often years.
 
How to Invest In Cryptos for the Long Term
Cryptocurrency investment is a question of getting in at right time, into right cryptocurrency and at the best possible price.
Long term investing in cryptocurrencies involves:
If the trader wants to invest in cryptos but does not have tolerance for hefty intraday volatility of cryptocurrency market.
If the investment will be made in cryptocurrency with real-life use cases, with potential for mass adoption by populace in future. There are already several of such cryptos in list of top 30 most capitalized cryptos, and many are not even up to 20 cents a coin in price.
Investment should be done with lowest risk possible.
It will involve aiming either invest in an ICO featuring project with  real product or service that is already in the market, or buying into an existing crypto project where prices are at their baseline levels.

IN CONCLUSSION
Bearish period is the best time to invest in cryptocurrency for long-term.

Pages: [1]
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod