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RE: BURST my bubble : an opinion on the dangerous influx of altcoin posts
Thirds Rule...Thank me laters
https://steemit.com/burstcoin/@cassidyandfranks/burst-thirds-rule-trading
FranksIn©
Thirds Rule...Thank me laters
https://steemit.com/burstcoin/@cassidyandfranks/burst-thirds-rule-trading
FranksIn©
I agree,
not sure how good it helps the crypto movement with all his pumping up of new alt coins.
Not sure of the moral side of it either, its becoming a dirty business, rather like the stock market.
I see people all over the web talking about a certain new alt coin as though it is the nest great coin thing ever and then the next thing you know those same people are dumping them.
Well I guess thats just business and I suppose people eventually learn who to trust and who is a scam artist.
But I would also say do your own research.
It must be very confusing to newbies and I hope people dont put money in they cant afford to lose.
If you must decided if you want to trade or if you want to invest.
You give good advice and see the bigger picture.
With that said I was having a look at Zcoin and its burn up idea for anonymity, looks amazing to me, what are your thoughts on that?
Yes, research is absolute KEY! You have to be the 0ne to read, feel and understand! Getting involved to see if there's any flaws and what not! I have always been strictly about bitcoin when first learning of digital currencies so, I always ignored the other coins as if no one can compare. But hey! We the ppl are coming up with ways unimaginable thx to '0pen-Source' Projects.
Burstc0in - https://web.burst-team.us/ 0ut of all the alt-c0ins I heard 0f f0r almost 3yrs now of dealing with Crypto, seems to be the m0st promising! You have to j0in the community and see their line of products and realize potential. I feel stronger about Burstc0in then I do Bitcoin now haha - Along the journey there will be ppl who disagree 0r disapprove 0r are simply n0t understanding the movement. Again, time will have to tell!
Burst makes it easy to obtain m0ney by simply allowing your free hard drive space to run. If someone already has space, it's considered free m0ney and if you do happen to g0 out to purchase a hard drive 0r two, you won't be spending a lot of money on the investment as you would with GPU/CPU mining needs ;)
https://www.burstnation.com/
I too was reading of Zc0in the other day and like what I hear. I will have to do more research with this c0in as well :)
Thirds always.
I think I was trying to get across how it is overall harmful to the movement. Sure speculate all you want and make a buck or two. But the pump and dump in these are just so obvious. Are you talking about Zcash? They use this fancy math called zero knowledge proofs that hide the sender and transaction details on the blockchain. The funding of the project and the launch were a bit weird so I have my issues with the project but overall really cool coin for anonymity. I would prefer Monero for anonymous coins though. The development is much longer and community much larger. But all this annon tech is being built into Ethereum so what can you say.
Zero Coin I meant.
Since then I have dug a little deeper I have a feeling it is just an experiment to see if new investors will take a jump onto it.
I watched a guy do a talk on it and he seemed like a complete bull shitter so that put me off the thing anyway Its not on Poloniex anyway.
It was only that the concept looked interesting to me .
Yeah Ive been looking a Zcash but I really like Monero.
Cant quite get my head around Ethereum and so I have no investment in that at all. I have DASH but it seem so boring, it does seem to have a good long term view ahead.
I often ask myself what would happen if Bitcoin crashed - if trump went to war with China for example - who would be positioned to take over, and I would say DASH would win. What are your thoughts on that?
Yeah Zero coin seems like a copy. Ethereum might be nice to take a look at, there are some videos that explain the platform pretty well. I do have some reservations about DASH so follow for my upcoming coin wall of sheep posts
I would say that either Monero, Zcash, or Ethereum would quickly eat the market cap. BTC is at full capacity right now, can't take any more transactions per second. Ethereum could easily double that, not to mention that block times are in seconds so you get fast conformations. 10 mins my ass.
I have avoided Ethereum for years lol! so I guess its on time I check it out.
I like the underlining principle behind it and I can see it has tremendous growth potential.
Yeah Bitcoin times are pissing me off right now and I cant see it getting better anytime soon.
Thanks for the time man. I will certainly look out for your upcoming report - I have not followed you but I will now, you seem to have a good and honest overview of the market and thats not easy to find these days.
Cheers!
Its the same! Thirds Rule. Buy in 1\3rds. Sell in 1\3rds. No matter price goes up...No matter price goes down...YOU WIN!!!
FranksIn©
Annomonity is the trend I see as this is what it was meant to be but I am however, still lost. Aren't all of the transactions suppose to be viewed on the blockchain(s) f0r every0ne to see? So what is the big deal about trying to be anonymous?
This will get us caught up no?
There is an argument that, in the future any Alt coin should have the ability to be private / anonymous anyway.
In the beginning Bitcoin was used in the Dark web as in Silk Road transactions, but now the Govt has worked out how to use "Pattern" mathematics to be able to trace addresses. So Bitcoin is no longer is used as much in the Dark web. Monero has taken over this area very because it is very very difficult to trace and therefore the drug lords on the dark web are mostly using it for transactions.
One concern is if Govts will even allow any Alt coin to be anonymous because it is not in there favor. They want t be able to track every cent we have as long as its not their money.
However, as I see it, this creates a problem for the banks too because the financial world is full of crooks worse than the underworld and that means it is getting harder for then to hide their own money so that the Govt does not see it.
I mean if the shit hit and the economy was about to crash and you knew about it, where could you put/store your money so that the banks/Govt could not get their hands on it. As long as any form of money is traceable then they can get it it they really wanted. No one ever beats the state
Exactly! Nice input/insight and even though I know of this, it's hard to see where the Gov't(s) will take this. Will they j0in the boat(revolution) & come up with new ways which will help them to mint their own m0ney(mining) 0r will they continue treating their citizens poorly! What d0es the future h0ld, we shall see ;)