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Messages - Dora Walletinvestor
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316
« on: October 18, 2020, 12:00:49 PM »
As other posters have said, currently there is probably no way of stopping illegal use. In the use of Bitcoin, public keys cannot be connected to the person's identity and there is no third party to inspect spending - changing these aspect would negate some of the advantages Bitcoin provides.
Unless there's a way to track these things that I don't know about.
317
« on: October 18, 2020, 11:52:39 AM »
Most places cryptos are technically not illegal, but that doesn't mean they are legal either - many times they are just not regulated.
318
« on: October 18, 2020, 11:50:00 AM »
It is still somewhat hard to compare cash and bitcoin. There's just not enough utility for bitcoin yet.
Cash/card payments are just more simple and convenient at this point.
319
« on: October 18, 2020, 11:44:07 AM »
I think the need for stablecoins is somewhat connected to the DeFi hype. Tokens have shown so much volatility, and while the potential for growth is a good thing, on the other side there's also a potential for extreme downtrends. Also, projects that turn out to be a scam damage the reputation of the crypto market as a whole.
320
« on: October 18, 2020, 11:26:36 AM »
Has this new normal affected bitcoins business. This covid 19 has affected many business but still online businesses are doing well.
I think nCOVID has changed mens traditional business thinking. Now people making diversification their business from home that teaches nCOVID specially from first wave. I ever seen so much online business before nCOVID and i think this is because of adoption of men. So every crisis moment comes with new things to everyone.
thanks.
Definitely, among all the unfortunate ways the pandemic has affected the world, it did/does mean a new incentive for change and improvement.
321
« on: October 18, 2020, 11:15:27 AM »
Just take precaution on some Defi projects because it's very clear that most of them are not legit, instead, a fly by night project that was only after with our money the proliferation of Defi base tokens nowadays is comparable to the 2017 crypto Bubble that was driven by HYPE.
I agree with you on this. Sometimes it's really hard to tell apart what is a scam and what is legit, but other times it just seems obvious that something is not trustworthy and it's hard to watch that so many scammers still manage to make money on this.
322
« on: October 18, 2020, 11:11:37 AM »
After Long Horrible Time Our Living Life And All Situation Gradually Becoming Normal. Please Explain What About Cryptocurrency Market.
In terms of the market so far, I could say that it is not in good shape actually. But it's not because the market was in bad shape the reason because of COVID of course not! In fact, COVID or pandemic is very irrelevant in the market of cryptocurrency, it's because of the manipulators why the price of cryptos mostly are dumped.
What do you mean, what manipulators?
323
« on: October 18, 2020, 11:07:55 AM »
We can't blame them because they are newbies in this space, that's why sometimes they are just simply picking and copy the idea of others and Invest with them the results are is not good, because there's a lot of unfamiliar projects out there that quietly victimized the Noob's, It's better to invest in the top altcoins because their price was already stable.
That's the problem for the newbies because of copying the idea of others, the idea they copied sometimes is wrong, you know what I mean, They must make sure it is true and correct picking the knowledge. And most of the newbies also are too careless because of aiming to earn quickly.
Yes, it can lead to problems when someone tries to just copy someone else. Also, the ones who come to cryptos wanting to get rich quick can't really assess what's realistic and trustworthy and they might run into scams that just destroys their hopes in crypto.
324
« on: October 08, 2020, 04:27:15 PM »
I'm not doubting that Bitcoin's price will continue to grow and stabilized but I'm not sure about the outcome if the so-called second wave of the COVID19 pandemic will really happen. I hope there will be no more second wave of COVID 19 pandemic because many people are already suffering around the world because of this unwanted guest.
In many places unfortunately there is a second wave happening already, for example in some parts of Europe. I think the crypto market is pretty safe regardless, for the time being.
325
« on: October 08, 2020, 04:23:05 PM »
CANDLESTICK PATTERN BULL AND BEAR CHEAT SHEET
Bullish: When traders are bullish about an asset, they believe that its price will rise. Bull markets feature rising prices.
Bearish: When traders are bearish about an asset, they believe that its price will fall. Bear markets feature falling prices.
Great illustration, thank you for posting!
326
« on: October 08, 2020, 04:13:03 PM »
There are so many different predictions and sometimes I get the feeling that there is no basis to some of them. I think the most realistic is that it will reach around $12000 before the end of the year, I doubt it will go significantly higher than that. But I didn't take into account the possible effect of the US election when forming this opinion, and that might change things. What do you think about that?
327
« on: October 08, 2020, 04:02:30 PM »
This question was asked a long time ago but like many others, I still think cryptos are very far from taking the place of fiat money.
There are lots of barriers to that, not just government resistance but also a very slow adaptation in legal, technological and educational systems.
328
« on: October 08, 2020, 03:58:36 PM »
We have all seen the boom of DeFi in the past thanks to projects like YFI & Uniswap, and now showing signs of cooling down when there are no more similar projects, maybe the DeFi market has saturated on the idea. However, it is difficult to say if this is the culmination of the DeFi wave in 2020, but I think DeFi is currently in a cycle of stability and returning to its true value.
Yes, this probably was a cycle of cooldown. I don't think the hype is over, there are still more people coming in to try the waters, both on the side of projects and traders/investors.
329
« on: October 08, 2020, 03:47:15 PM »
Ethereum is somewhat more trustworthy and more versatile than ERC-20's and now seems to be a good time to buy and hold. ERC-20's are still worth looking into, though, you just need to consider a few more things before you decide. If one has enough capital, I think it is a good idea to do both.
330
« on: October 08, 2020, 11:17:31 AM »
There was a big dump in Bitcoin price in March but ever since then, it has been fine. Most bigger coins have done similarly. I have read about some smaller token projects being halted because of the creators' financial difficulties, that is probably the most affected area. But in general the pandemic didn't have as big an effect as it had on the economy or the stock market. Some "traditional" investors even flocked to cryptos because of this.
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