Someone of you spending some money in crypto coins?
Bought some in early december: doge, monero, litecoin and ether. Started with 175 euros and sold my doge coins for 400 some days later. Bought back then when price sunk a bit. "anycoindirect" (as eur-cryptocoin-eur trader) took a big bite when buying/selling, so would have been more.
Since then I am pretty much holding my coins - and tried trading between coins (with no win/loss as the "fees" bite away my wins - and not everything was a "win" on its own).
Now I am playing a bit with ripple the last days. Using bitstamp to buy/sell them. With big volatiles you can make 20-25% with luck, or at least 10% within some minutes now. Started with ripples 115 euros worth, am now at 400. Helped my little brother to buy some neos too ... when they were buyable for 50 (now at 120). Interesting questions will arise from that as "NEO" allows to claim another currency as some kind of "interest". Interest money has another tax rate than speculative gains ... but that interest is in another currency - so it depends on when you switch them to Euro. Will become interesting.
A pity all the money I win will be 35% for the government at the end (tax) as soon as I reach over 600/year (remember that the first sales were done in last year...so I nearly start afresh these days). Exception is holding - which Is why I am still holding my doge coins (they rised from 0.002 to 0.0012 since I am holding them). Holding them for > 1 year gets rid of the taxes.
Ok, and what about you? Some of you "hodling" crypto coins?
PS: I still remember arguing with a buddy some years ago in the university. He wanted to buy some bitcoins and I denied as I cannot imagine others to accept that widely so there would be no need for me to invest in a "20 euro/bitcoin" thing. I .. should have (while the buddy bought a handful) :-)
bye
Ron
Ya, the more I research the coins the more I find myself deeper 'on the fence'. Part of the reason these coins continue to grow in value is because It's so difficult to get your money out. If everyone bought stock in a company and couldn't sell it, It would keep going up.
Getting them "on your bank" means paying a bit (spread value between "buy" and "sell" is sometimes higher than needed).
Gladly all these costs are taken into the calculation of your tax. Basically it is some kind of blackbox: Max(0, "out minus in") = "something to pay tax for".
bye
Ron
I'm in Spankchain. (no joke). Entered beginning of December at around 0.00011 ETH (~4.5cent at that point). I think this is one of the few altcoins which will rocket by the end of 2018/beginning 2019. I think they will hit $5-$10 by the end of this year (currently at about $0.40).
Regarding tax: There's no tax here in Germany for it when you hold it for at least 12 months.
Yes...12 months. If you sell earlier then ~35% of tax will need to get paid. At least, if you are honest to your government - smaller transactions might be "hideable" for now - until they get experienced enough with the new "thing". Do not forget that since 2018 banks in Europe need to ensure to be able to deliver a complete money-route for 10 years. Means as long as you do not spend your "wins" to China or USA (so you get nice packages of goods delivered - paid with your "coins") it might be traceable up to your bank account.
Spankchain is - like most other coins - not available in the systems I have accounts at (for now bitcoin.de, bitstamp.net and anycoin.eu). Also I somehow dislike the way of having to buy a "intermediate coin" first (in that case Ethereum). I understand that some coins are based on another coin's system.
Also some coins make trading rather complicated - but this is because of their nature of eg. having one single wallet/storage address and an individual "subadress" to allow nearly unlimited clients of one address. I prefer to have single sender-receiver connections and an _optional_ kind of identifier-ID (which might be a duplicate, so no complicate unique-hash-generation-thingy). Just similar to a "subject line" of an email. It is already unique because of its unique ID/Hash, so if one really needs he could store the association in a different table than in the coin's "block chain".
bye
Ron
a bit late to the party... (i should have bought some BTC in december 2012, when i first discovered it ??? arrr!)
i have just bought some (fraction of) bitcoin a few days ago, and i plan to buy a least 1BTC (but i wait to see if the price decreases a little)
not to speculate but rather as a "safe" store of value. (i plan to buy some silver coins too)
@those who buy/sell cryptos :
->can you backup your "wallet"/account offline, regularly, but still have it on an exchange platform (i use coinbase), to buy/sell ?
i suppose that a backup must be done after each transaction to be considered as valid ?
->how do you manage to get back the money (in USD/EUR) without being taxed ? (maybe keep it on a paypal account ? or buy a "temporary money card" ? or open an online bank account which is tolerant regarding cryptos transfers ?)
@ backup
Not really. When you transfer your money from your wallets to an exchange, it lands on one of their wallets and they give you a "virtual" wallet on their system. On their platform you can trade without affecting the "outside" chain.
Your wallet can be backupped once - the "hash" of the wallet. The transactions are not needed to get backupped - as the chain already stores it - so the "network" keeps history of all your transactions (but as said not the ones on the exchanges/trading sites)
@ get back
Taxing is something your country does - so any cheating should not be discussed here. I assume you checkout your money ... and if the platform (bitstamp, binance, ...) cooperates with your tax office then they report it already then it happens automatically. Also if a monetary value bigger than X is transferred from "company X to you" (on your bank account) then your bank might be required to report too.
To "avoid" taxes in Germany you have to "hold" crypto for more than a year. If you "trade" (on a platform) then earnings from this trades are taxable. To minimize or avoid taxes you can need to trade in a way which creates losses.
Buy 1 BTC for 5000 on 01.01.2020
Sell 1 BTC for 5500 on 01.06.2020 -> 500 win (which you would need to pay taxes for)
Buy 1 BTC for 5100 on 01.07.2020
Sell 1 BTC for 4500 on 01.08.2020 -> 600 loss (so you would gain back from the taxes)
Buy 1 BTC for 4600 on 02.08.2020 -> hold this one (one day space is enough to be a new "bought coins to hold for a year")
Sell 1 BTC for 8600 on 01.09.2021 -> tax free win of 4000 (in Germany)
bye
Ron
Quote
When you transfer your money from your wallets to an exchange, it lands on one of their wallets and they give you a "virtual" wallet on their system. On their platform you can trade without affecting the "outside" chain.
what ? so if i understand correctly what you wrote, it means that for now i am in the same situation than with a bank account, where the exchange platform owns my money/coins on its own account, and i only have an account on their website, not on the bitcoin system/network ?
so how do i get my own account (id/password) on the bitcoin system/network ?
@ exchange
Yes, you handed them over your money (so they "could" potentially use it to trade with it, which does not happen, they earn sooo much by the trading fees which are virtually "not costing anything except server + manpower costs"). So it works similar like a bank - hence the discussions about banking licences etc.
To avoid that:
You just create a wallet ... and use that to "withdraw" the money from the exchange. Each "transfer" costs something - depending on the coin this is the currency itself, or an extra currency (eg for "Neo" you pay in "Gas" - gas is also produced while holding the coin in your wallet, you just need to claim it regularly).
Selling your coins on an exchange is of course faster than having it in your "cold wallet" (password, hash, ... can be printed out on paper and that is your "bank account" then).
If you plan to have it stored for many years, then this is the way to go - but attention: loose your hash + backup data (eg the 15-words-list to recreate your hash) then the money is lost forever. A "secure" exchange (not hacked, not backupped financially in case of hacks, ...) would be more safe when your home is burning or such stuff.
Next to "print it out" cold wallets there is also wallet software (like Jaxx) which can store a lot of this stuff for you (you of course can still print out the "credentials" so it works without that software too). Such software helps if you want to send some coins (or parts of it) to an exchange to sell it there (or trade with it). They also incorporate "coin exchanges" so you just say "I want to buy XRP with my BTC" and then define the amount, it lists the costs and what coin amount you will receive.
So I have some hundred thousand dogecoin in a "cold wallet" (bought over a year ago - at a value similar to the current ones, I sold 50% of them when value was >200% of my buy value and rebought same amount again after it dropped back) while my XRP are stored on bitstamp - to trade them here and then. On Binance I have some penny stock coins (OAX, FUEL, ...) - coins which have nice fluctuations of 10-30% within weeks. So you can loose a lot - or win a lot. Started there with 50$ and am now at >200$ (including some losses and some wins) - sounds much (relatively) but expressed in BTC I started with 0.014BTC and am now at 0.027 - 2 months ago this was down to 0.017 or so, but even in that "everything is bleeding" phase you could have some good trades). Having only some dollars/euros at the exchange for trading means the potential amount of taxes is ... pretty low. It can be seen as a little "trading game" there.
bye
Ron
thanks for the explanation about wallet, i will take a look ;D
about trading, i met a guy who apparently bought a few bitcoins (for only a few hundreds euros) before the high rise in 2017, then sold a few before the fall of 2017, he must have felt happy 8)
my goal is to own 1btc in case of another financial crisis... but for now it is too costly, i have only 0.01btc, just trying to understand how all this stuff work ! i am going to wait a little... (if only i had taken the risk in december 2012 !!! :-\ )
I don't quite understand the sale process.
Say, you have an X amount of a coin, and the market value went up, you want to sell it.
For me it'd make sense if it were...
"I want to sell X amount of coin"
But it's not that, it's...
"I want to sell X amount of coin, for Y dollars"
1) What happens if you set Y below the market value?
2) What if you set Y as the current market value?
3) What if you set it higher than the market value?
How long does it usually take for your sale operation to finish (i.e. someone buys it)?
Have you ever had one of your sales not finishing, as in, no one was interested in it?
It depends on the kind of sale you do.
Market, Limit, Stopp-Limit, ...
Some act this way:
- buy what you could get for 100 Dollars (first for 10, then next 5 offered might be at 11, ... - you buy 1*10 + 5*11 + ... until you reach 100)
- buy at a given value ("limit"). You define "buy 10 for 10each" - it buys as soon as someone offers something for 10, it does so until it completes to have bought 10 for 10
- stopps ... you say "sell as soon as price falls below X" or "buy as soon as price climbs higher than X" and often you can add additional limits ("sell as soon as price falls below X% of value y" or "sell as soon as price falls below X after having raised above Y")
...
Stopp-Losses are there to avoid "total loss" but are dangerous on low-volume coins (in which a bigger transaction can result in 50% drops):
(https://i.imgur.com/cuB2EdK.png)
If you had a stopp loss here - saying "sell as soon as it drops below 0.50 - you would have lost over 20% (if you would buy it back some moments later)
Limit sell/buys are what you often use if you have "time": you do cascade buys.
buy 10 at 50
buy 10 at 45
buy 10 at 40
So if the price decreases to <50 it means you most probably bought the first 10. If it then lowers to 45 and then climbs to 55 ... you have bought the first 10 too expensive but buying the second ones leads to an average buy value of 47.5 (the buy-date has of course an impact on when you have your "hold for one year to save taxes" moment). This thing is called "cost averaging".
In the case of the image above I would better have had a limit buy with a very low value - but this requires you to have some "spare currency" (in this case "BTC"). So the more you can spend, the easier it is to participate in such "fat finger" things (someone maybe wanted to buy with "limit buy @ 0.000004" but misclicked and bought at "market" so it bought what it could for the given amount of money - leading to bots selling panically etc.). I would have been able to earn 50% wins within seconds but yeah, you never think such stuff happens (happens in the "uppersite" direction too - so have utopic limit sells at +40% of current prices!)
Same is done when selling. You see the price is climbing ... and somewhen will reach a maximum until falling again. If you set your sell price a bit too high you will not sell a single coin. So you sell in steps. If the price continues to climb you still are able to sell. If it falls then you at least were able to sell some of them (and are even able to buy them back if the drop is big enough to increase your coin holdings).
If you plan to "just sell my coins" then of course this cascade selling is not required. Sell it and never (!!) look back at the charts (to not feel unhappy "argh I should have waited to sell").
@ How long does it take
This depends on the activity of a coin. The more it is traded on a platform, the faster you might sell your stuff (at a "current price"). If your price differs from "current price" then it depends on which direction the price goes :)
Assume best buy offer is "pay 10 for 1 coin", best sell offer is "sell 1 for 12", then no trade will be made - no matter how many interest is there for the coin. So as long as nobody offers to sell for 10 - or buy for 12, nothing will happen. But as soon as you add this offer, it will "happen" (except you have a "only trade if I get all 10000 coins for that price" option - not all trading platforms allow this).
Then there is stuff like "anycoindirect(.eu)" they will buy your stuff (or sell) at their rates. No waiting time (but fees etc.). Also there are markets like "bitcoin.de" where people list their offers ("sell 4 for 20.000") and others can buy (so not 3, not 2 - but 4 for 20.000).
bye
Ron
after some more research, i see some problems with bitcoin and others crypto moneys... (as a replacement of the current money system) :
bitcoin :
the good :
-limited amount of money units
-safe transactions and accounts
-no need of a third party to transfer money between 2 persons need of a third party app, but they are usually open source with several developpers/contributors
the bad :
-the creator of the original code apparently owns 1 000 000 bitcoins !
-and others early buyers own in the 100 000s
-1 bitcoin is currently (14/01/2020) "valued" at 7800eur
this is clearly not democratic, unfair and not a safe reserve of value imo... but good if you like playing / trading
for others alt coins :
the bad :
-some creators have given themselves a lot of coins for free
-some creators keep the possibility to create more coins at will (not different than the current money system we all use, clearly not democratic and unfair and inflationist)
the more i learn, the more i think that things like foods, natural ressources, construction pieces, tools, machines, electronic components, lands are a more safe reserve of value...
You are right about coins like XRP/Ripple - whose holders sell a fixed amount of coins each month - so "money for free".
But ... think if land you can buy. Who owns it? Why do they own it? Why aren't you able to claim your own part of the land? With coins it is the same: if you were there at the right time, you might have had the chance to buy and own land - or fresh crypto coins. But at the time where land was "claimable" (somehow) the possibilities with this piece of land were limited - "who would need it?". Same for the crypto coins - "who would need it?".
Believe in something (to have enough bravity to invest) and then a big portion of luck is required to make you rich (wealthy - or rich in knowledge or in something else you desire).
Gold and silver is also only expensive as others want it. It is not so much needed for electronics or other stuff. Jewelry can be made out of cheaper materials. So why is it expensive, just because more people want it and there is a limited offer (naturally or artificially).
bye
Ron
i agree with you that a thing has the value that some people give to it.
but ! gold and silver have been used as money (and as a stable store of value) for thousand of years ! (until recently in 1971 when some american politicians decided to scam the world, and of course some european politicians followed the scam, and those who were opposed to it, were defamed and rewarded with war...)
also silver 9999 can be used to make colloidal silver, a great and safe anti microbes (if used properly)
electronic components used in low tech circuits like arduino are, imo, a good reserve of value, because they are and will be useful to make all kinds of useful devices with real world applications, that you can assemble, disassemble, modify, repair, reuse.
the idea behind bitcoin is really good, a limited amount of money units, more safety, more freedom, more transparency, but the implementation is unfair and greedy, imo.
a more fair money system would be similar to bitcoin but :
each person is born with 1 coin (dividible)
each person can not accumulate 1000 times more than a newborn (so 1000 coins max) (or something like that, 1000 is arbitrary, it could be more, i don't know, you get the idea)
when a person dies, his money disappears.
so those who are more intelligent / smart / strong / agile / fast / endurant / motivated / ingenious / courageous / etc..., could earn more, but with a limit...
and i say that with a pro liberal / anti welfare mindset, so you can see how unfair the current money system is !
(btw i can buy several btc if i decide to, but i don't think it is a safe store of value or what will replace the current money system...)
Quote from: RemiD on January 14, 2020, 18:36:44
so those who are more intelligent / smart / strong / agile / fast / endurant / motivated / ingenious / courageous / etc..., could earn more, but with a limit...
There is a simple answer and question in the same moment: why should they if there is a limit?
If you cannot reach for the stars, then you most probably won't even try.
Discussing this will sooner or later lead into a politics and "political system" discussion (as the "greed" is based on the political system and history). It is
a) derailing this thread
b) something I think Qube was not in favor to see (if I remember correctly).
So if you want to discuss about "crypto currencies vs old school invests" (or so) then open a new thread and we could write there - with the option to cross the borders to political discussions or "system" discussions.
bye
Ron
of course, we can stick to the technical aspects of crypto currencies and buying/selling, but the initial goal of bitcoin was also political in a way (more safety, more transparency, more freedom, decentralized). and the way the coins are distributed between the creators and the first buyers are problematic if the goal is to have a more fair money system...
can you criticize owners of big international banks if you do the same with cryptos ?
recently i learned about how coins were duplicated for bcc / bcg / btc, and it is insane ! (money from nothing indeed)
If you are into trading (here and there) than this coin forges are good chances - as you also gain something out of nothing. Same for "air drops".
For this it is important to remember: have your coins on a trading platform often means you will not receive these free coins - some platforms allow claiming them, but others don't. Yet I think this "ICO"-season was 2018 and for now we are still consolidating.
bye
Ron
Quote from: Derron on January 13, 2020, 20:53:55
It depends on the kind of sale you do.
Market, Limit, Stopp-Limit, ...
Some act this way:
(...)
Thank you for all the information Derron, it's the first time I'm reading about this. Where did you learn all this?
Someone said to me that cryptocurrencies (BTC especially) are best used for what they are, currencies, money for you to buy things with.
Is it worth it to play the speculation game, trying to make money from them?
Learning by doing / seeing stuff I do not know what they mean.
Speculation is good...as long as you are assuming the right future development ;-).
Long term holding/invest the same.
Bye
Ron
The ledger Nano is a good secure hardware wallet for crypto
https://shop.ledger.com/products/ledger-nano-s
www.youtube.com/watch?v=GPpZxOjvU10
You just need to check it supports the coin you want to store
Nano X is a little more expensive but has more storage
All in for #VET VeChain here myself :)
High risk investment = good odds you will lose your investment.
If you lost your investment, then someone else won it. Who says you cannot be the one who wins the investment of someone else?
bye
Ron
after some research, i bet for bitcoin and bitcoin cash, my reasoning is this :
these cryptos are far from ideal and fair, but bitcoin is the most popular name in the normal (not IT / not finance ) world, and like on others topics, most people repeat and follow without caring of knowing the truth / details.
so i think, they have the most potential of becoming known and invested in.
some others crypto moneys can be better / more useful, but if they never become popular, what the point ?
after some more research and experiments :
Quote
->can you backup your "wallet"/account offline, regularly, but still have it on an exchange platform (i use coinbase), to buy/sell ?
i suppose that a backup must be done after each transaction to be considered as valid ?
no need to backup the transactions of a wallet, the ledger (comptability, debit / credit, ins / outs, entrys / exits) of a crypto is decentralized...
you have to understand the difference between an exchange account (on an exchange platform) and a wallet or address :
an exchange account allows you to trade fiat currencies (EUR, USD, GBP, CHF) and crypto currencies (BTC, BCH, ...)
a wallet is a software/app which allows to receive/send cryptos securely (associated to an address)
an address is where you receive/send the cryptos (see bitaddress.org to generate one)
to receive money on your address you don't need any privatekey, but to send money from your address you need a privatekey. you can share your address to anyone, but you must keep your privatekey secret.
Quote
->how do you manage to get back the money (in USD/EUR) without being taxed ? (maybe keep it on a paypal account ? or buy a "temporary money card" ? or open an online bank account which is tolerant regarding cryptos transfers ?)
several ways :
->convert the crypto currency (BTC, BCH) to fiat currency (EUR, USD, GBP, CHF) and keep it on the exchange account.now apparently you can pay with a visa card with some exchange accounts (coinbase, wirex)
->convert the crypto currency (BTC, BCH) to fiat currency (EUR, USD, GBP, CHF) and keep it on your paypal account.->pay directly with the crypto currency (BTC, BCH) in webshops/shops that support it.
http://map.bitcoin.com
->go live in a country without cryptos taxes...
->use an exchange in another country (juridiction), with which you can feed an international payment card...
great 8)
hi ! ;D
for those who care about that : just to say that after 6 months of research, experimenting, and following the news in this industry, i am still for BTC and BCH, but i think that BTC will have problems in the future because of high transaction fees and slow transactions, so this means that BCH has more potential (if devs don't screw up for unimportant things).
( i bet for BTC a 4x potential, and for BCH a 145x potential, but don't listen to me, i am a bit insane ahah :)) )
anyway, whatever you choose to do, good luck !
See if I've got this right.
Bitcoins:
A computer burns through electricity to power its cpu sufficiently to cause a number in a database to increment - and this is worth real dollars and cents?
Sounds like whoever assigns value to this lives in lala land.
the value of something is based on what others pay for it.
Crypto coins do not just burn electricity ... they allow the "blockchain" - a "chain of trust". To keep it alive computer must process stuff. They must find numbers etc.
So without "burned energy" it wont work. And the faster you want stuff, the more must be done. So depending on how "fast" you want something, the more expensive it will become.
And as it becomes harder and harder to compute these numbers ... the "price" for numbers will raise.
But ... if nobody cared for it - and nobody used it, the algorithms would become easier and numbers easier to calculate - less energy consumed (but also less "numbers generated").
Yet it stays: it is worth what others are willed to pay for it. Offer - Demand.
Why are paintings worth millions of dollars? Were they painted with fairy diamond dust and gold sprinkles?
People pay for something they want to have - they also pay for stuff when they estimate a raise of the value in the future.
They also pay for stuff (especially art - and cryptos) to avoid their money loosing value (money inflation). So this is why cryptos are pretty popular in poor countries (for the ones having the money there...).
Helps also to circumvent embargos and other stuff ... or to help wash your mafia money ... or if you are sanctioned by another country (eg Russian politicians vs US etc).
There are legal and illegal reasons for crypto coins (for now) being a nice chance to do something with your money.
And this defines a use case for these coins ... and therefore a reason to burn energy.
Ideally people would use an less energy hungry approach ... but this makes it less interesting for the "mining companies" as everybody could do it and then these "coins" are almost free to create, people would have calculated "all" coins right now ... this leads eg to the availability of all potential coins (fitting in the mathematical structure) right on start (or a bit later). Coins would be distributed by a few people/companies ... dunno if this would work well too (just check out "Ripple / XRP").
I would happily enjoy a less hungry approach too ... only so much energy, that excess energy (think of wind energy in China ... much was unused, so the energy of Chinese crypto miners was essentially also eating this "excess" - but when writing about the energy burned by cryptos, you do not subtract this "free" energy).
Maybe times will change somewhen and people try to run a new horse - an less energy hungry crypto coin / block chain idea.
bye
Ron
Sorry...you missed my point:
Someone is assigning real monetary value to a few bits and bytes in a database that are not tied to anything tangible in the real world?
Using your art analogy why not then simply pay artists for imagining artworks without painting anything-the arywork is as real and tangible as a bitcoin then...
Stock prices are also not really bound to tangible assets ... it depends on "future estimations".
bye
Ron
Cryptocurrency... What a minefield ;D :P
That's as good as they get folks, tune in next week for more ::)
there is no physical / natural value in bitcoin units or the protocol, the value exists because some humans decide to use it to store value or exchange value (send / receive units), the strengths of bitcoin are the transparency of the protocol (open source and people vote with their money to support a protocol / fork more than another), the decentralisation of transactions management / accounts / compatibility, the limit amount of units, the resistance to censorship and stealing (taxes) of governments. If you don't have a good understanding of what truly is money / currency and the monetary system, you can't understand. do some research on youtube about what is money / currency...
IMHO Bitcoin is only the "anchor" for the coming payment systems, like a form of digital gold. I'm currently holding BTC, ETH and some XRP, MIOTA and BCH (while BCH is very disappointing). But there are more interesting payment systems coming which are not being "mined" but dependent to the big CC's like BTC or ETH.
Consider this from the point of view of an investor:
1) Economy outlook
Because of Corona and low interest rates, many "zombie" companies will not survive the next years. Facing a bear market, investors need a safe harbour or alternatives. Real estate is a risky alternative because the already high prices must also be paid by somebody. If less and less can afford one or don't get a loan, what will happen to the prices? And interest rates must be raised again one day.
2) Precious Metals
The total amount of physical Gold *ever* mined since the beginning of mankind is about 180.000 tons whichs makes a cube of 20x20x20 meters only, try to imagine this in front of you (ScaleEntity cube,20,20,20) 8). Every year only 2000 tons are added, but it is getting more and more difficult (expensive) to mine it. Most of this mined gold is stored by countries and jewellery in India, only a small part of it is available for you and me, for example in gold coins. Much more virtual gold is being traded but if only a small percentage of investors suddenly demands their investment physical, the whole market and the price of Gold will explode or even split, so silver will do (but the market there is much smaller). Precious metals could become "too expensive" for investors and owning/getting them physical is more difficult/expensive than owning CC. And if you think the current prices of gold and silver are too high, wait for the future...
3) Currency theory
Currency is only worth something as long as all people agree that it is worth something. So we could also pay with shells or pebbles as long as everyone believes that shells or pebbles are worth something. For stability, however, a currency must be a scarce good. Current currencies are created "out of nothing", and in history this *always* ended in a hyperinflation, see Germany 1923, Zimbabwe 2009, Venezuela 2016-today etc. Bitcoin is limited to 21 million units total, of which 18.5 million have already been mined and it becomes more and more difficult (expensive) to mine more. Even central banks are considering bringing out their own Crypto Currencies as an alternative to the current currency system.
Take a look at ADA (Cardano), XTZ (Tezos), TRX (Tron) and XLM (Stellar) which are modern payment systems based on CC, and some of them are still low on price which means you can get a lot of units for a low price compared to Bitcoin. I don't think we will pay with Bitcoin as we're not paying with gold/silver coins in the supermarket, too.
IMHO, digital payment systems backed by scarce CC are the future, the question is only: which one(s).
@Krischan>>
why do you say that bch is disapointing ?
since there is enough decentralisation (less than btc, ok, but if enough companies in different countries use it and run their own node it would be enough) and transaction fee/time are good (low) for bch (whereas transaction fee/time are too high for btc and will most likely make it unusable for most people...)
about gold / silver >> these have proven to be good store of value in the past, but i see 3 problems :
how can you be sure of the purity ?
how can you store them and transport them safely ?
how to do transaction at a distance (buy/sell/trade on the internet)
what if your government decide to seize them or to forbid them ?
crypto coins are superior in these aspects...
I wasn't precise enough on BCH: I mean that MY investment in BCH is disappointing yet, but I'm still holding all of it - let's see. Well, many good questions about AU/AG, you can find all the answers in the internet and some depend on your countries laws, but I try to answer them:
To be sure of the purity: buy only from reputable, certified dealers - they don't want to lose their reputation which is crucial and buy only 1oz bullion coins like the Krugerrand, Maple Leaf, Kookaburra which are harder to fake. For transportation, well if you're not a millionaire: pants pocket, wallet, insured package, value transport service, private army - depends on how much you have to transport. And for storing there are a lot of possibilities too: you can choose a classic bank safe deposit box, store them in a mountain storage depot in Switzerland, you can bury them or wall them in. Depends on how safe/expensive the storage should be and how paranoid you are. But the best is to have direct access yourself, because then you are not dependent on others.
I don't think that the government will repeat the mistakes the Roosevelt government did in the 1930s (possession of gold was prohibited back then which didn't work very well) so this is a real threat but speculative. If you're paranoid try to buy it physical and anonymously for cash only and then you're the only one who knows that you own it. And if they forbid it there will always be a second "market" ;D But in such a situation, silver is more usable as it is an industrial metal with a much smaller value and can be traded for goods, like in the medieval ages :-D
An advantage of physical AU/AU over virtual gold and CC here in Germany is that 100% of the earnings are tax free if you hold it physical for at least 12 months. On CC earnings you must pay here 25% tax and from the 75% rest additional 5,5% "solidarity tax" and they are planning to tax virtual gold the next year like other earnings.
One important thing to favour physical over virtual AU: in case of a power failure, everything is still there in contrast to virtual/CC. And it has worked perfectly for over 5,000 years. But to be prepared for all scenarios, you should own physical, virtual and CC.
thanks for the clarifications.
i agree on almost everything.
another smart investment (instead of keeping too much fiat cash), imo, are materials / items / tools / devices which can last long and which are useful in real life. things that i would buy in the future for example... or that i could resell on ebay...
in what sense the fiat currency (usd, eur, gbp, aud, cad) that you use, has more value than btc or bch, if a central bank can create a lot more (several trillions in 2020) and distribute it to only a selected few individuals / companies ? (=not to you, not to me)
this is the best way to lose buying power and to have your savings lose value
if you find this normal and fair (or democratic, lol) well you are a lost case...
Always remember that ALL fiat currencies do not have intrinsic value. What they are doing right now is repeating the hyperinflation (https://en.wikipedia.org/wiki/German_Papiermark) of 1923 in Germany and 2009 in Zimbabwe (https://en.wikipedia.org/wiki/Zimbabwean_dollar). This is a mathematical fact no politics can change when they once go this way. It only still works because the US of A currently have the worldwide fiat currency and as long as China doesn't say "hey, the Dollar is only a huge pile of toilet paper" it is "worth" something. In fact, the dollar today is as much worth as the hyperinflated German Papermark of 1923 and so the Euro is.
Take a look at the attached note (I'm owning one of them to always remind me). They've never used this in Zimbabwe because their currency systems crashed before they could be used but they exist. As a warning that this still happens in our time.
And don't take a look at the price of gold. Think of gold as a constant line at 100% and turn the price of gold in fiat currencies upside down below (see second attachment). All currencies lose against gold. Because it is scarce.
The magic beans are the Dollars and Euros in our pockets, the bits and bytes in our bank accounts and the Tesla or Apple shares. That's why Gold and even Bitcoin are getting more important. If you're an optimist, buy gold or CC. If you're an pessimist, buy lead (bullets).
not sure about the real amount of extracted gold in the world (taking into account the difference of purity of some coins / bars)
and not sure if there are some hidden undisclosed stacks somewhere.
so not sure about the stability of the max number of units compared to bitcoin, but since it has already been used as money, yes i understand why some people consider it as a reserve of value...
Paypal is going to support to sell, buy, pay with crypto money (BTC, BCH, ETH, LTC)
youtube.com/watch?v=GZMr9BH0vCs
youtube.com/watch?v=uWrBXjWwUAk
youtube.com/watch?v=t9LCFUzDGBk
youtube.com/watch?v=ZaVWziwHHU4
Something I'm trying to understand is, when you buy BTC, how do you possess it? Is it a hash (like a password)?
There are some local currency exchanges in my country that let you make a deposit in fiat currency to get a crypto (or fraction of it), but how does it exist?
I know that they say "if you don't own the keys, you don't own the coins", or in other words, you shouldn't have to ask permission (log in, password etc.) to access your cryptocurrency.
I also heard that you can have a hardware-wallet or paper-wallet, having whatever your BTC is.
I imagine that if you own 'partial' BTC (say, something less than a unit of BTC) then you don't actually own the coin, you just share it with the exchange you have the account on, and are entitled to a fraction of that unit. It's only when you own a whole unit that you can print the password to it or something like that, is that correct?
Quotehow do you possess it? Is it a hash (like a password)?
as i understand it : bitcoin is a protocol and also a coin and also a ledger (history of transactions) and also a network of nodes (servers) spread in different countires / regions of the world.
there are public addresses and private keys (that you can generate)
an address is like a bank account number, a private key is like a password / pin code
to receive btc you only need an address (or corresponding QR code) that you give to somebody
but to send btc you need a private key
to generate addresses / private keys you can use :
->an address / private key generator (to have a "paper wallet")
->a wallet that generates and manages the addresses / keys for you, and to recover the last used address / key you can use some backup words
->a wallet that generates one never changing address / key
to receive coins :
you only need to give your public address (or corresponding QR code)
to send coins :
you need your address and private key, this is managed by a software wallet (on android, ios, windows, mac) or by a hardware wallet (too complicated and not safer imo)
Quotethat let you make a deposit in fiat currency to get a crypto (or fraction of it), but how does it exist?
an exchange is like a bank, it has a promise to give you the fiat / crypto that they store on your account, as long as they don't fail or disappear ;)
so they are useful to convert fiat to crypto or crypto to fiat, but not safe to store a lot of money / coins on it.
there are 2 others ways to buy btc without using an exchange :
->buying btc in a crypto ATM
->trading cash to btc with somebody who already owns btc
Quote"if you don't own the keys, you don't own the coins"
let's say that some exchanges or financial companies are more risky (to fail and disappear) than others, so if you don't know the address / private key where your coins are stored, there is a risk that you won't be able to access them.
but there are some "reliable" exchanges and financial companies which provide some good services / deals, so your choice...
Quoteyou can have a hardware-wallet or paper-wallet, having whatever your BTC is.
the btc is never on the wallet, wether it is paper / software / harware, the btc is stored on the address on the btc ledger, on the nodes of the network.
a wallet is a tool to receive/send coins from/to others addresses... (except the paper wallet which is just to store your address / key)
what i use :
for bitcoin core (btc) :
to generate a btc address / key : bitaddress.org (i generate my addresses / keys offline on a "clean computer" without malwares)
a wallet to manage one (or several) never changing btc address / key : electrum wallet (android) (to store coins)
a wallet which automatically manages always changing btc addresses / keys : bitcoin core wallet (from "bitcoin.org developpers") (to send / receive often, more easy to use)
for bitcoin cash (bch) :
to generate a bch address / key : cashaddress.org (i generate my addresses / keys offline on a "clean computer" without malwares)
a wallet to manage one (or several) never changing bch address / key : electron cash wallet (android) (to store coins)
a wallet which automatically manages always changing bch addresses / keys : bitcoin cash wallet (android) (from "bitcoin.com developpers") (android) (to send / receive often, more easy to use)
the best way to start is to create an account on an exchange, buy a little sum of coins (minimum would be 0.001btc for bitcoin core because btc transaction fees can be as high as 0.0009btc, and minimum would be 0.00001bch for bitcoin cash because bch transaction fees can be as high as 0.000009bch)
then generate a paper wallet (address / private key) and try to send a little sum from the exchange to the address, then use a software wallet to send a little sum from your address to the exchange.
note that bitcoin core (btc) and bitcoin cash (bch) are 2 differents protocols, coins, ledgers, networks, so don't try to send btc to a bch address or to send bch to a btc address. ok ? ::)
Thanks Remid! I'm also re-reading this entire thread, a lot of useful info in here.
since there was a hard fork for bitcoin cash (BCH) in november 2020, i am trying to understand if the old coin / addresses / ledger (BCH) is compatible with the new dominant coin / addresses / ledger (BCHN). :-\
answer : bitcoin cash (BCH) coin, addresses / ledger are the same than before.
BCHN is the name of the new team working on the BCH protocol / coin / ledger.
the old BCH addresses / keys still work like before. bitcoin cash wallet (from "bitcoin.com developpers") and electron cash wallet still work like before.
great :)
I don't think I'll ever understand what the difference is between a government printing more money and a cryptocurrency being incremented in a database as a result of rather meaningless electrical power expenditure.
https://youtu.be/77xaqFyFET0
Quote
I don't think I'll ever understand what the difference is between a government printing more money and a cryptocurrency being incremented in a database as a result of rather meaningless electrical power expenditure.
ok let me try :
until recently (bitcoin was accessible after 2009), if you had some savings, you could either let it in your bank account, or buy some stocks, or buy some gold,, or buy some real estate (if you have a lot of money)
if you let your money in a bank, since the governments / central banks are always creating more magic money (from nothing) and distibute this money arbitrarily (=to their friends and to their electors), if you don't have some of this money distributed to you, you are loosing buying power. (because the money will end up in the real economy, especially in real estate, and provoke a rise in prices / rents).
also if you participate in activities / groups that the governments don't like, they can freeze your bank account and seize your money... and if a bank fails, you loose your money...
stocks have an arbitrary value, the market is highly speculative, and some of the companies are overevaluated. and there is the problem of zombie companies (companies which can function only because the government is helping them with subsidies)
gold has an arbitray value (the price does not reflect the demand of the material for technical reasons but more because of speculation), and there is the problem of being sure of the purity of gold / not counterfeit gold, and the problem of storing it safely, the problem of transporting it safely, (not being stealed by burglars or seized by the governments / douanes), the problem of buying / selling / paying in small amounts.
bitcoin answer all these needs, the number of coins is limited (so its price will rise to compensate the magic money, similar to gold), the ledger (accounts and history of transactions) is decentralised and can't be stopped or blocked by governments, anybody can create an account, anybody can buy / sell coins, anybody can send / receive coins worldwide (with a smartphone + a "wallet" app), anybody can participate in the "mining" (creation) of new coins or in the verification / storing of transactions. the governements can't seize your money to pay the debt created by their insanity with helps / subsidies.
that's my understanding...
All well and good but where is its actual worth?
A number in a database has effectively no physical tangible aspect.
I want to buy an orange or a banana. How many digits in my database do you want for it - I used up a lot of electrical power to generate these numbers? So I'll transfer these bytes of data to your account - that have no tangible equivalent and you'll give me an orange? Oh, look in the last hour the value has gone up by 10%, so can I also now get some grapes as well? Sorry sir, the value has just plummeted 50% - I can no longer sell you the orange or the grapes.
Excuse me sir, I'd like to refund this vacuum cleaner, it's stopped working but can we wait five minutes the value will be 20% higher then.
you think in "value" ... in the sense of "a bitcoin is worth x dollars".
But think of "a bitcoin is worth x apples".
Or do you buy your orange and say... "no no, I cannot buy the orange anymore, exchange curse from AUD to EUR just decreased by 5%".
As long as you always substitute "X bitcoins" with "equals to X AUD" you are falling into the old habbit.
Regarding values:
A bank account: where is your money there? Do you have a kilogram of "money" at home? would it be less worth if it was just a pound (not a US pound ... talking about 500g, 0.5 kilograms) ?
There is a old saying: Things are worth what others are willed to pay for.
If people buy your 1 AUD for 10 Euro, then this is their individual exchange rate (maybe they want only 1 AUD - and this NOW, so they pay more than "usual").
If people want your 0.01 bitcoin for 1 dollar and you sell it for this price then this is your exchange rate.
What is the price of information ? Think of bounties for criminals ... who defines this value? What if they offer you 1 million USD .. you help, they arrest - and suddenly the exchange course "USD - AUD" collapses and your 1 million USD is only worth 1 AUD. Happy? your can no longer buy a car with your 1 million USD.
Crypto currencies try to be some kind of "money without government" so it cannot be "shallowed" that easily - yet their markets are so small that some players can easily manipulate the market. But even bigger markets (just think about the "virtual" value of Apple, ABC, Tesla...). Tesla eg has a bigger value according to the dow jones - than other car vendors. They could "easily" buy Volkswagen or other "big players". The value is there because people find other people buying their virtual papers. There is no tangible asset of the value these companies have. Not to talk about how "tangible" IPs are.
You can find a lot of videos and articles about the theory of money - with advantages and disadvantages.
bye
Ron
I suppose it comes down to Marxism, there are those who own the means of production, and those who are the means of production - and those with power like to keep their group static in composition.
QuoteCrypto currencies try to be some kind of "money without government" so it cannot be "shallowed" that easily
only a few are truly decentralised in the creation of the protocol / coins / management of transactions...
@Matty>>the issue of volatility is because bitcoin is still in price discovery, compare the buying power of 1usd 50 years ago and now, and you will realise that your example to use a fiat currency to buy things without price fluctuations does not stand.
also the prices appear to be stable because of governments regulations and taxes and helps / subsidies...
also take a look at this :
(https://static.seekingalpha.com/uploads/2017/11/1/3948-1509552555842769.jpg)
(https://cdn.statcdn.com/Infographic/images/normal/13672.jpeg)
of course bitcoin "value" is unsure at the moment, and less stable than fiat, but be patient, it is still the begining...
I wonder if we would still be having this conversation if bitcoin was still worth less than 1 usd not thousands of usd?
if a bitcoin equaled 1 usd -- then it would still be a very good reason for people in South America (and maybe Africa) to buy it. Their currencies are falling and falling (or did at least) without a chance to do something against it. Some regimes of course try to make it "difficult" to converse their currencies into USD, EUR ...
Also the "value" of a single unit of something is not what it is created for. you must not think of "1.50 bitcoin" for a bottle of beer. It might also be "0,00000009 BTC" (which equals to 9 so called "Satoshi" - the smallest unit BTC can have - a millionth of a BTC). With a rate of 38000$/BTC a single satoshi equals to around 0.0003847729 $. Means you need 27 Satoshi to be currently valued a single US Dollar cent (0,01$).
Means - you do not have to own 1 BTC or 2 ... you can also have just 0.05 (btw I bought 0.015 BTC last spring ... bought and sold some crypto currency and now it is valued 0.06 BTC --- maybe this "gambling" is what makes you think BTC is just there for this purpose and not real world problems).
The minimum BTC value (1 Satoshi) is something to think about when estimating potential "price ranges" (price development) when BTC could stabilize. There is no sense to have 1 Satoshi (a millionth of a BTC - just to repeat that) to be worth more 1 bottle of beer. What would be the price of a bun then? Would there be something like a "minimum price" with a bottle of beer being the same price than a single sold unit of bubble gum?
People of course thought about solutions already - I am sure.
Other crypto currencies (and the block chain) are of course used to allow for fast international money transfers - without the huge fees and delay of the banking system. Banking systems now need to adopt - and swooosh they offer same day and instant transfers. Their "services" become less and less "value rich" with the option to use alternatives.
And yes, there might be a kind of margin trading: people send something and the other one who receives it can sell it for a different exchange rate. This is either because his exchange offers it - or because of the "delay" between sending and receiving.
But - this is the same all the banking companies do too! They "automatically" trade with fiat currency / conversion rates.
But with fast transactions you could minimize the differences - user 1 sends and some milliseconds later user 2 could convert back into their currency. Of course the "plan" is to not have "convert back" stuff at all. People should stay in this very crypto currency economy -- like a kind of "one world currency".
Yet - to repeat myself again - crypto currency is so small yet, that governments just need to drop some bad news and the "value" of a currency drops. Yes, I know ... ripple (XRP) is a bad example as it is a company driven coin (company holds all coins and sells them to peope ... and burns/destroys them when buying them back in fixed time intervals). But this XRP coin was decided to be _possibly_ some kind of Stock/Share system by the US government. Some bigger and smaller coin exchanges decided to stop ability to trade it (as then the coin exchange needs to have some specific licences to trade shares)... the price of XRP dropped hugely (50%+). More and more people now calmed down - as they all only stopped trading for US people. And US <> world. But it has shown how huge the impact of governments can still be to crypto coins. They just say "you have to do with 'inofficial' cryptos? your company is no longer legal" and bam... whole system crashes.
But the more bigger companies invest in the system (paypal -> BTC) the more lobbyists will try to avoid stuff. People might get used to cryptos ... it just needs some kind of laws to have shallow "boundaries" in which the stuff could evolve. People fighted against so many things in the past - yet the better system had chances to win (womens right to vote, people equality, ...). If BTC and Co have advantages - their advantages will be used.
But stuff like "blockchain" is in use for many many years now - I talked to a developer some months ago. He works for the board of weights and measures and explained me that some scales do blockchain for a long while now already. So if on a fruit market someone weights your strawberries the value is stored - interchained with the previous one. If they now cheat, the previous and current do no longer "interchain" correctly. If they now fake the previous - the one before the previous does no longer fit ... and so on.
Same can be required for invoice systems in supermarkets etc.
bye
Ron
bitcoin core (btc) is now positionned as "digital gold" (decentralized) so more for speculation / savings
if you are interested in a similar coin but for fast transactions at low cost (for frequent transactions and commerce), take a look at bitcoin cash (bch) which is positionned as "digital cash" (decentralized)
example of wallet use :
https://youtu.be/nuCxTfKbf80
shops which accept bch worldwide :
http://map.bitcoin.com
you may better understand the usefulness of decentralized digital gold and decentralized digital cash, when Central Banks Digital Currencies will force to replace physical cash (coins and paper, which currently allow people to keep some privacy and freedom in exchange and commerce)...
or when the fiat currencies continue to loose a lot of buying power and the decentralized digital cash keep the buying power... (because governements / central banks continue to create more magic money)
the real question is :
which governements will forbid these alternative moneys, and how far these governments will be ready to go (against their citizens) to forbid their use...
This $29K floor is so boring. I know BTC is up a lot from past months, and that some analysts say it'll rise higher than this.
But it sure is taking its sweet ass time.
It's time for the coins to go down a bit - waiting for buy-in again (sold a bit - around 50% of my coins - when it was higher some weeks ago, other 50% wait for the pumps in the shit coin section).
bye
Ron
HODL ;D
BTC potential max value (imo) = 99k usd (1% of gold market cap + all stocks market cap + all bonds market cap)
BCH potential max value (imo) = 10k usd (to keep a transaction fee below 0.10 usd)
ETH potential max value (imo) = 52k usd (1% of derivatives market cap)
of course the 1% is totally arbitrary.. it can be more or less...
don't listen to me, i am a little insane :P
I tried a trade on Uniswap a few months ago to test it out and see how it works
Been back to it a few times just checking prices etc and saw the Claim your 400 UNI coins
notification appear each time
They gave 400 coins to anyone that used the site before the coin was released
no matter the size of the trade
I ignored it a few times thinking "that'll amount to $10 or so"
Decided to check the price the other day and was shocked to see it was worth €5/coin
Immediatly cashed it in, after a few days seing it rising, decided to buy back in a smaller amount
bloody thing is almost €12 now
i gave up the "If only i had.." mindset, it can be the ruination of a person especially in crypto :D
I sold my bravely hold-for-dunno-2-years-or-so dogecoins .... bought for 0,001 to 0,002 ct per coin (bought 100.000 of them, cashed out when they were at 0,005, bought back etc ...) ... yeah, and sold again some weeks ago when it was at 0,0045 or so. Yeah. And today the beast got pumped to 0,028.
Would have given a nice reward If I stood brave :)
Dogecoin is the a coin I trade with USD. I also traded Ripple versus EUR. All other coins are traded versus BTC. This way I started with 50 dollars worth of BTC last spring and am now ... let's say I multiplied my value by 4000% (at BTC high, now it is a bit less).
So ... _if_ I had invested more... yeah. I am sure I would have gone "all out" way earlier and would have cried the "if I only had..." time way louder.
Trading the coins is done with only a handful of money so ... yeah, loosing it would still be a loss but thinking of what others spend for hobbies - and how much time I "enjoyed" staring at charts, seeing how press announcements come _after_ certain chart changes happened etc ... interesting stuff.
bye
Ron
Someone's mining here? (I do a bit for ETH).
You know German power consumption raised to 0,30€/kWh ? I doubt anyone in Germany is mining if they have to pay for power consumption. So maybe in student's shared flats/apartments or university paid living "rooms".
bye
Ron
Good Morning.
Nice day today.
Question or thought about money.
I was looking at the serial numbers on bank notes obtained several weeks apart.
I had a thought:
There must be close to a million dollars in each ATM when they're full. Maybe more.
If that's the case - and the money is both fresh new money and serialised - is it somehow 'activated' and has its value set in a database upon being discharged from the machine.
Otherwise....that's a lot of cash that is just sitting in boxes all over the country.
I could imagine some kind of electronic method of activating the serial numbers so that the value goes from 0 to the printed value on the notes in order to reduce risk of theft:eg if an atm was stolen and the money used but not activated it would not harm the bank in any way since its value was as yet unrecognized.
Is this really a coding/game related theme? One for the Secret Club Qube? :)
Quote from: Steve Elliott on January 29, 2021, 21:16:55
Is this really a coding/game related theme? One for the Secret Club Qube? :)
Lol, General Discussion is an "Off Topic" forum.
lol fair enough, I just thought financial shenanigans was a bit of a stretch.
Quote from: Derron on January 29, 2021, 19:55:26
You know German power consumption raised to 0,30€/kWh ? I doubt anyone in Germany is mining if they have to pay for power consumption. So maybe in student's shared flats/apartments or university paid living "rooms".
bye
Ron
Mining Ethereum is still profitable at that cost. ;) And some might have solar panels which lower that even more. And it's just some tiny stuff, computer is running anyway.
Quote from: Xaron on January 30, 2021, 07:32:11
Mining Ethereum is still profitable at that cost. ;) And some might have solar panels which lower that even more. And it's just some tiny stuff, computer is running anyway.
Yes, if you own a house / ground with the ability to place some solar panels ... and you are not consuming the power, then it might be cheaper to mine cryptos than to send back your generated power into the "net" (think you get 8 or 9 Eurocent - 0,09€ - per kilowatt hour).
So it depends on hash rate, difficulty ... and the current exchange rate for your cryptos. So _now_ ETH might work well (dunno if difficulty rate increased much already).
In winter I see "mining" as a potentially more interesting thing - it heats your rooms ;)
@ Steve
It is not just about financial stuff - it is also about the technical (and of course also social) aspect of the coins. So it is not too far away from coding -- maybe a bit stretched yes.
Just think about how you might be able to avoid cheats in a game if you used a "block chain" for certain stuff - would it be viable (calculation/performance wise) ?
bye
Ron
QuoteIs this really a coding/game related theme?
actually, crypto currencies (the protocols, the networks, the "mining", the management of transactions, the fluctuating value) are related to coding, maths, networking, and even speculation is somewhat related to simple maths...
QuoteMining Ethereum is still profitable at that cost.
@Xaron>> what would be the specs of a good mining computer for etherum ?
Quote from: RemiD on January 30, 2021, 10:10:20
QuoteMining Ethereum is still profitable at that cost.
@Xaron>> what would be the specs of a good mining computer for etherum ?
Just a good graphics card. I mean mine is pretty mid range one, a 1066Ti but it has a great power to hashrate value which is about 100W for about 24MH/s. The 1070 and 1080 are pretty good for that as well.
But again: All in all it's really peanuts. With my 1066Ti it would be around €50 per month minus about €20 for the electricity if I have to pay 0.3€ per kWh. I just let it run when my computer runs anyway.
I have some friends, we started with a pool to all mine to the same address to reach the payout thresholds earlier, which are usually around 0.1ETH (so currently ~100€).
Beside that I put some money monthly into BTC and ETH. Just like another fonds.
for crypto moneys enthusiasts :
(https://www.syntaxbomb.com/proxy.php?request=http%3A%2F%2Frd-stuff.fr%2Fblitz3d%2Fwip-LDhumanoid-clothed-colored-20210214-1041.png&hash=8fcb52f0dfa67f70a31480ff5cf6717acd1e15c8)
this is my new low details humanoid (uvmapped, rigged, skinned, animated) to do some experiments when coding.
it is colored with different cryptos colors (btc, bch, xmr, eth, ada, dot, doge) and also gold and silver colors.
;D
Hey guys, I wrote a silly simple market price util with BMaxNG + MaxGUI, it shows the market price and how much your BTC position is worth in fiat.
It's faster for me to use this than to keep opening a browser tab for it (and I don't want to use a mobile app).
(https://images2.imgbox.com/a9/70/0m1XGU46_o.png)
You are supposed to change the source to suit your needs. For instance, this uses my local currency BRL, so you need to go in the code and change the API url to query your local currency (BTCEUR for BTC x Euro, BTCGBP for BTC x British Pound etc).
Also, the API is from the exchange that I use, Binance. If you use some other exchange, see if it has an API as well (in which case you'll need to change the code that parses the data it returns in function "sampleAPIPrice").
Once you build the app, rename the executable to have your BTC position within parenthesis, like this: "[name of executable] (0.00001234).exe", like "myPriceUtil (0.000931).exe" for example, as it looks for your BTC value in the name of the executable.
This is the only stupid way I found to not have to use external data files, it checks the value within the name of the executable itself -- I guess another way would be to use a command line parameter with a desktop shortcut, but this way worked fine.
The source is this (a single file), the code is not that clean (lots of globals instead of classes), I just needed it to work and be lightweight:
SuperStrict
Framework maxgui.drivers
Import brl.eventqueue
Import brl.keycodes
Import bah.libcurl
Global myBTC:Float
Global marketPriceBRL:Float
Global marketPriceUSDT:Float
Global labelProfit:TGadget
Global fieldAmount:TGadget
Global labelMarket:TGadget
Global labelTime:TGadget
Function formatMoneyFloat:String(value:Float)
Local valuePieces:String[] = String(value).Split(".")
If valuePieces.length > 1 Then
Return valuePieces[0] + "," + valuePieces[1][..2]
EndIf
Return valuePieces[0]
End Function
Function updateLabelProfit()
SetGadgetText(labelProfit, "R$ " + formatMoneyFloat(myBTC * marketPriceBRL))
End Function
Function sampleAPIPrice(urlLocal:String, urlUSDT:String)
SetGadgetText(labelMarket, "")
'SetGadgetText(labelProfit, "")
'SetGadgetText(labelTime, "")
Local curl:TCurlEasy = TCurlEasy.Create()
curl.setWriteString() 'Guardar o resultado numa string interna.
curl.setOptLong(CURLOPT_SSL_VERIFYPEER, 0)
curl.setOptInt(CURLOPT_FOLLOWLOCATION, 1)
curl.setOptString(CURLOPT_URL, urlLocal)
curl.httpHeader(["User-Agent: curl/7.37.0"]) 'String array: ["header1:value1", "header2:value2", ...]
'curl.setOptInt(CURLOPT_VERBOSE, 1) 'Debug log.
Local error:Int = curl.perform()
If error Then
Notify("Erro CURL: " + CurlError(error))
End
EndIf
'Pegar o preço da resposta string (objeto JSON com uma das chaves "price":"xxxx.yyyy").
marketPriceBRL = Float(curl.toString().Split("price~q:")[1].Split("~q")[1])
curl.setWriteString() 'Reset the internal string.
curl.setOptString(CURLOPT_URL, urlUSDT)
error = curl.perform()
If error Then
Notify("Erro CURL: " + CurlError(error))
End
EndIf
curl.cleanup()
marketPriceUSDT = Float(curl.toString().Split("price~q:")[1].Split("~q")[1])
'Label do valor em reais da posição do usuário.
updateLabelProfit()
'Label do valor de mercado.
SetGadgetText(labelMarket, "R$ " + formatMoneyFloat(marketPriceBRL) + " / US$ " + formatMoneyFloat(marketPriceUSDT))
'Label do horário da captura.
SetGadgetText(labelTime, CurrentDate("%Y-%m-%d %H:%M:%S"))
End Function
AppTitle = "BTC x BRL"
GCSetMode(2) 'MANUAL GC MODE.
Rem
'Ler a quantia BTC do usuário a partir da linha de comando (se houver).
'Esse valor é obtido dos parâmetros da linha de comando desse programa, com até 8 casas decimais.
'Exemplo de linha de comando: "btc_brl.exe 0.12345678"
If AppArgs.length = 1 Then
Local msg:String = "Não foi possível achar a sua quantia BTC.~n" ..
+"Esse valor de BTC deve ser colocado como um parâmetro do atalho desse programa. Exemplo:~n~n" ..
+"~qBTC_BRL.exe 0.12345678~q"
Notify(msg)
End
EndIf
myBTC = Float(AppArgs[1].Replace("-", ""))
EndRem
Local temp:String[] = AppFile.Split("\")
temp = temp[temp.length - 1].Split("/")
Local tempFilename:String = temp[temp.length - 1]
If Not tempFilename.Contains("(") Then
Local msg:String = "BTC não encontrado: renomeie o executável pra ter o valor BTC entre parênteses.~n~n" ..
+"Exemplo:~n~nbtc_brl (0.00458641).exe"
Notify(msg)
myBTC = 0.0
'End
Else
myBTC = Float(tempFilename.Split("(")[1].Split(")")[0])
EndIf
Rem
Endereço da API da Binance pra consulta do preço de mercado do par BTC/BRL.
Endereços alternativos:
https://api.binance.com
https://api2.binance.com
https://api3.binance.com
https://binance-docs.github.io/apidocs/spot/en/#general-info
EndRem
Const API_URL_BRL:String = "https://api1.binance.com/api/v3/avgPrice?symbol=BTCBRL"
Const API_URL_USDT:String = "https://api1.binance.com/api/v3/avgPrice?symbol=BTCUSDT"
Const width:Int = 227
Local mainWindow:TGadget = CreateWindow("BTC x BRL", 0, 0, width, 270, Null, WINDOW_TITLEBAR | WINDOW_CENTER)
SetGadgetSensitivity(mainWindow, SENSITIZE_KEYS) 'Pra detectar o ESC.
Local boldFont:TGuiFont = LookupGuiFont(GUIFONT_SERIF, 24)', FONT_BOLD)
'Label mostrando o valor em Reais da quantidade BTC do usuário.
labelProfit = CreateLabel("R$", 10, 13, 200, 40, mainWindow, LABEL_CENTER | LABEL_SUNKENFRAME)
SetGadgetFont(labelProfit, boldFont)
CreateLabel("Sua quantidade BTC :", 10, 70, 200, 18, mainWindow)
fieldAmount = CreateTextField(10, 90, 200, 20, mainWindow)
SetGadgetText(fieldAmount, String(myBTC))
'Label mostrando o valor em Reais de uma unidade BTC (aka o "valor de mercado").
CreateLabel("Valor de mercado :", 10, 125, 200, 20, mainWindow)
labelMarket = CreateLabel("", 10, 145, 200, 20, mainWindow, LABEL_CENTER | LABEL_SUNKENFRAME)
labelTime = CreateLabel("", 10, 170, 200, 20, mainWindow)
Local updateButton:TGadget = CreateButton("Update", 10, 200, 80, 32, mainWindow)
Local exitButton:TGadget = CreateButton("Exit", 130, 200, 80, 32, mainWindow)
sampleAPIPrice(API_URL_BRL, API_URL_USDT)
GCCollect()
Repeat
WaitEvent()
Select EventID()
Case EVENT_APPTERMINATE
Exit
Case EVENT_WINDOWCLOSE
If EventSource() = mainWindow Then
Exit
EndIf
Case EVENT_KEYDOWN
If EventSource() = mainWindow And EventData() = KEY_ESCAPE Then
Exit
EndIf
Case EVENT_GADGETACTION
Select EventSource()
Case fieldAmount
Try
myBTC = Float(GadgetText(fieldAmount))
updateLabelProfit()
Catch e:String
Continue
EndTry
Case exitButton
Exit
Case updateButton
sampleAPIPrice(API_URL_BRL, API_URL_USDT)
End Select
End Select
Forever
GCCollect()
End
In order to build the app you need these:
- BlitzMax NG (https://blitzmax.org/downloads/)
- MaxGUI for BMX-NG (https://github.com/bmx-ng/maxgui.mod) (download the repo as a zip file, extract the -master folder to BlitzMax/mod/ and rename it to "maxgui.mod" and in the IDE go to Program > Build Modules).
- These Brucey's modules (you don't need all of BaH mods, just the following three): libcurl.mod, libssh2.mod, mbedtls.mod (https://github.com/maxmods/bah.mod) (download the repo as a zip file and extract only those three folders to BlitzMax/mod/bah.mod/ [note this "bah.mod" parent folder], then in the IDE go to Program > Build Modules the same.)
@Kryzon>>interesting, thanks
for those of you who have bought some crypto coins and want to sell before the end of the bull run, which indicators do you watch ?
personally i think that Teachnical Analysis (the shape of the history of price) is arbitrary bullshit, so i don't waste time with that.
however 2 indicators that i find meaningful :
->when many whales send cryptos to exchanges (which means they may want to sell)
->when the numbers of sell orders is a lot more than the numbers of buy orders (not sure how to know that globally)
any others ideas ?
Quote from: RemiD on April 11, 2021, 19:11:33
->when the numbers of sell orders is a lot more than the numbers of buy orders (not sure how to know that globally)
I don't think you can trust those. The order book can be easily manipulated by bots / hardcore users to create a "narrative", like making lots of sell orders to trigger people into panic, then cancel the orders.
I just follow some chain analysts on Twitter, better than trusting my own layman judgement:
- https://twitter.com/woonomic/status/1380546857097515008 (https://twitter.com/woonomic/status/1380546857097515008)
And the Glassnode guys (Rafael Schultze-Kraft, Yann & Jan), they mention some interesting charts to look at (Coin Days Destroyed, NUPL etc):
- https://twitter.com/glassnode/status/1377739474122076160 (https://twitter.com/glassnode/status/1377739474122076160)
And the main one, PlanB (author of the BTC Stock-to-flow model):
- https://twitter.com/100trillionUSD/status/1379389459624513538 (https://twitter.com/100trillionUSD/status/1379389459624513538)
This chart by Woonomic is interesting, the green dotted line matched with past tops, so in theory you'd keep looking at it to see when the market price (noisy grey line) touches it again:
http://charts.woobull.com/bitcoin-price-models/
i just want to share some more understanding about cryptos :
about coins and tokens :
-a 'coin' has its own protocol, ledger, network
for example : btc, bch, xmr, eth, bnb, doge
-a 'token' is created and work using another protocol, ledger, network which supports that (erc20 tokens on the ether chain, bep20 tokens on the binancesmart chain, etc...)
for example :
'stablecoins', which should rather be called 'stabletokens' which are tokens which follow the value of a fiat currency like the USD or EUR, popular stables are : USDT, USDC, BUSD, TUSD, PAX, DAI...
or
a token with their own rules / functionalities but which use an existing blockchain UNI, CAKE, LINK, SHIB
in any case, your coins or tokens are always stored onn the decentralized ledger of the protocol (stored using the 'blocks-chain' technology and the internet, splitted in different parts worldwide)
about addresses, privatekeys, recoveryseeds, wallets, exchanges :
-an address is the equivalent of a bank account number (IBAN)
-a privatekey is the equivalent of a password / pincode which allows the owner to send units to another address, but only the address is necessary to receive units.
-a recoveryseed is a list of words (usually 12 or 24) which allows the owner to recover a privatekey
you can share your address publicly but you have to keep your privatekey or recoveryseed private.
-a wallet is a software / hardware to manage your address and privatekey to be able to receive and send units on the protocol / network / blockchain.
-an exchange is a company (with a website and an app) in which you can open an account to be able to convert fiat to crypto, crypto to fiat, crypto to crypto (and crypto to stable, stable to crypto)
some wallets also allow you to do these convertions using protocols / networks like the ether chain, the binance smart chain, etc...)
what makes a coin / token valuable (imo) :
-functionalities / use-cases
-decentralization of the development of the protocol, of the handling of transactions, of the storing of the ledger
-counterparty when a coin is created (for 'proof of work' coins the counterparty is energy and computing power), this is to prevent 'magic money creation' (like fiat)
there is a lot of speculation concerning the value of 'proof of stake' coins, some are clearyl 'shitcoins' (scams) but some have some value because there offer some functionalities / use-cases that older POW coins don't offer, like protocols that allows the creation / transfer of custom tokens like stables or 'programmable money'.
-max supply or slight increase of the supply (to not become like fiat)
-anonymity or pseudoanonymity
-open source of the protocol / wallets
-distribution of the coins not too centralized
be careful of hype and fud, good luck 8)
The BTC (Bitcoin Core) asset is now one of the local currencies of El Salvador. Hooray!
Hey gents, everybody buckled up for this second major wave of this 2020 bull cycle?
Hey Kryzon :)
personaly i am not sure what will happen...
there are still a lof of 'whales' (owners of many coins) in the markets, even for bitcoin core (btc), and they can dump a lot of coins at any time...
https://insights.glassnode.com/content/images/size/w1000/2021/01/sup-1.png
'tapering' is coming from the FED and ECB, the evergrande debts implications are not clear...
personally, i took the bet to not buy anymore in 2021 (i invested mostly in 2019-2020), and to sell progressively, and i hope for a future crash and bear market.
we will see...
good luck with your investments ;)
@Remid I'm fascinated by intraday trading (aka day-trading), building wealth out of lucky trades.
It's sort of like a casino, but with slightly better odds (you can make informed guesses, but ultimately if price suddenly dumps, that's out of your control).
Very short timeframe, like under 30min.
The good part is that because of the short timeframe, where we are in the market (bull trend, bear trend) doesn't really matter, just the local support levels. The bad part is that the risk is very big, like flipping a coin...
@Kryzon>>yes i did some experiments with day trading... you can easily make 1% or more per trade when the trend is sideways or bullish 8), but if the trend is bearish, the bet is locked and you can lose money.
one bearish news is enough to produce a bearish trend, so it is rather risky.
in any case, make sure to trade a coin (pair) on an exchange with enough trading volume, or it may take too much time for a big sell order to be completed...
Quote from: RemiD on November 09, 2021, 08:00:40
@Kryzon>>yes i did some experiments with day trading... you can easily make 1% or more per trade when the trend is sideways or bullish 8), but if the trend is bearish, the bet is locked and you can lose money.
1% per trade ? Even if this is "after fees" it is a bit ... uhm... yeah. I always try to make 3-5% when "short frame" and 5-10% when the trade can wait for 1-2 days. Every longer time span will be done in a way that I sell (some) owned coins for +20% or more to current rate and buy if rate has fallen by 20%.
Some exchanges like binance do not offer "sell for X and once this is done auto place an order to by the same amount back for Y". Used this on bitstamp but their fees...are enormous. It is quite useful for coins having "spikes" ... it jumps by 60% and falls down again to original value within minutes. I then have sold by +20%, +40% and bought them back when reaching their "+20% win" value. Of course some trades then are "minus" (rate has fallen further) but you still gained some eg BTC or USD/EUR/USDT which you could spend elsewhere.
On bear market you need to buy the dips and sell when reaching enough percents. You always need to adjust the "dip value" - you wont buy a slow degreasing coin. You want only to buy "dips" (when it is falling in a short amount of time).
With binance and others you need to do that with their API and own scripts I think. They surely do not offer certain "buy/sell methods" by intent.
Am not holding too much coins - did not invest "new" money since my last post here. Yet of course the value of my investment increased since then: BTC has raised (during the "drops" I increased my BTC value by selling some high and buying some low) yet I stil have 4 orders to "buy back" my BTC at a lower (10%) price than when sold.
I still trade most coins against BTC (but currently not invested in them because of waiting for dips there - or indicators of potential spikes after declinated exchange rates). Still trading a bit Dogecoin vs USDT (but 90% of my orders wait in the original positions --- I sold a lot of DogeCoins before it exploded ... more than 100k as I surely mentioned already). Also own some SHIB ... think there might be a second "pump" somewhen - but only holding "free coins" which I generated by some simple trade during the "bounces" after the first pump.
All in all I am still not talking about a big fortune ... am far far far far away from 1 BTC (now :D)).
bye
Ron
Quote1% or more
but if it was that easy, everybody would be a millionaire...
i still have some btc, bch, xmr, and i plan to buy some more btc, maybe some eth, bnb, sol, trx, in a future bear market...
Quote from: RemiD on November 09, 2021, 20:36:02
Quote1% or more
but if it was that easy, everybody would be a millionaire...
You know - if you loose money, someone else wins it :)
bye
Ron
@Derron any suggestion on indicators and oscillators that you use?
Right now I use these on TradingView:
- SuperTrend (by KivancOzbilgic): https://www.tradingview.com/script/r6dAP7yi/
- Squeeze Momentum (by Lazybear): https://www.tradingview.com/script/nqQ1DT5a-Squeeze-Momentum-Indicator-LazyBear/
- TDIM (by Goldminds): https://www.tradingview.com/script/9Ltwsixb-TDI-Traders-Dynamic-Index-Goldminds/
Squeeze Momentum is the most useful one imo.
Indicators only work on markets following certain rules.
All these smaller coins are "bot controlled". Means you have these "bot buy in/buy out" cascades. They trigger each other accidentally then.
Also smaller coins react more easily to fat fingers (big instant buy/sell orders).
So I just have some coins I have in MCC (multicoincharts.com) and if I see or read about spikes - I wait for a drop (to use the "waves") and I also check for potential candidates of the next "pump".
You of course miss a lot of pump n dump ... but as long as you are not invested during dumps ...you only miss a chance for more coins/money, but you will not have a loss. Do not get greedy and be ok with 10% gains in minutes instead of always waiting for the 500% pump (which you will most probably miss - or you sold lower/earlier anyways)
bye
Ron
Got it, thanks. I only trade in BTCUSD, it's the only one I believe in. Didn't have much luck with altcoins because of the reasons you mentioned (bots, very volatile, and also I'm not talented in this).
I think BTC x fiat markets have enough consistency to use indicators, at least just to improve our odds a bit.
some news :
the FED / BCE recognize that inflation (increase of prices) (real estate, energy, some ressources) is more than expected and may be durable, and therefore they plan to decrease their helps on the finacial markets and raise the cost of borrowing money. (my translation of their esotheric words)
therefore, depending on their actions (or speechs), there may be some volatility of the prices of risky assets, like stocks or cryptos.
i have some cash ready to buy the dip in 2022. (btc, bch ,xmr) 8)
i am also really intrigued in terra luna and ust. still learning about it...
and you ?
Already bought (and partially sold) the dips of last months.
But yeah, 30% of my money "there" waits on the sideline for cheaper buy prices.
bye
Ron
some news :
the recent blocking of financiary helps to protesters, in Canada (against the covid restrictions and mandatory 'vaccine'), showed the usefulness of bitcoin, and even more, of monero.
then the war between Russia and Ukraine, and the blocking of russian funds and transactions (using SWIFT), by european and american governments, ( which is unfair, because a moneytary system must be neutral, whatever your opinion of the russian government )
and the possibility to send financiary helps to ukranians,
showed again the usefulness of bitcoin and monero, and also of terra stable tokens ( a stable token is a token which has the equivalent value of a fiat currency (USD, EUR, GBP, CAD, AUD, ...) ).
( i missed the rise of luna :'( )
if american and european governments continue to forbid transactions, to seize funds, of protesters or of opponents (foreign governments / civilians / companies), it may be a way to weaken the russian government temporarily, but if the russian government manages to win or to end the war without too much loss, this will show to the others countries that american and european governments are not all powerful anymore and that the USD and EUR can be replaced by others international currencies like bitcoin, monero, or stable tokens. (which can't be blocked or seized)
i think that it is too early for that since the market cap of these cryptos is too low, therefore it may be used more as a tool to transfer funds rather than as an alternative way to store value, for now.
gold may be used more to store value, in this crisis.
but this may change in the future...
it is really fascinating to see how all this develops.
some news about crypto currencies :
-since february 2022 : the conflict between ukraine (and their allies) and russia (and their allies) and the resulting financiary sanctions and slow down of the commerce of products / energies, showed the need for a neutral international currency.
-since march 2022 : the FED and ECB are increasing the 'interest rates' (=cost of borrowing money) and decreasing their balance sheets (=contracting the fiat money supply). people tends to sell risky assets in this case (shares (stocks) and cryptos)
-may 2022 : OFAC sanctionned blender-io a mixer of btc.
-may 2022 : terra ust / luna was attacked (imo) and there was a 'bankrun'.
-june july august 2022 : 3 arrow capital, celsius, blockfi, voyager exchange became in difficulty because of risky lending / borrowing practices.
-august 2022 : OFAC sanctioned 'tornado cash' a mixer of eth.
-september 2022 : ethereum switched from proof of work consensus to proof of stake consensus, all went well.
-october 2022 : a 'bridge' of smart chain was hacked but all was fixed in a few days.
-november 2022 : ftx exchange was apparently backed too much by his ftt token (based on nothing) and when people realized it, there was a 'bankrun'.
and it is not finished... ???
i did some trades (swaps) and transfers during these insane volatile times.
my analysis :
-bitcoin protocol / network / wallets worked well. (less than 20usd for a transfer)
-bitcoin cash protocol / network / wallets worked well. (less than 1cent for a transfer)
-monero protocol / network / wallets worked well. (less than 1cent for a transfer)
-ethereum protocol / network / wallets worked well (too costly in transaction fees (up to 50usd for a transfer))
-smart chain protocol / network / wallets worked well (less than 1usd for a transfer)
-tron protocol / network / wallets worked well (less than 1usd for a transfer)
is this the end of crypto currencies ? or just a phase to get rid of the useless / weak projects ?
we will see... ;)
Quotethis will show to the others countries that american and european governments are not all powerful anymore and that the USD and EUR can be replaced by others international currencies
..but they are not powerful anymore and for all that is observable, they are on its down slope and other see that very well..
P.S.
Nice to se ya surfing around here dude :)
hey NA, glad to see that you are alive and well. :)
since the anti covid (excessive) restrictions, i have changed my priorities in life, but i appreciate to code / graph a little during the winter months...
..i still code for living, but electronics related and its interesting :) .. at same time, mocking around Unity and some geometry i have from past era.. hehe..
Quote. ..i still code for living, but electronics related and its interesting :) .. at same time, mocking around Unity and some geometry i have from past era.. hehe..
Ah, you're a lucky person NA, mixing leccky and coding skills. Last time I did that was using a schmitt trigger to convert audio tones from a Reed switch on the spokes of my bike into up to 3 graphs of velocity data. Before Garmin done their stuff at the turn of the century, all on an Amiga 1200, 1200 by 512 pixels if memory serves me right, in Blitz Basic 2.1, Red when excited. 😁😁😁😍
@Remid, glad your dusting off the old coding mitts in the winter 😊
march 2023 : funny context that we live in right now...
crypto currencies are supposedly based on nothing but belief, and are volatile, and you can lose your coins if you lose your password, and you can have your coins stolen by hackers (mainstream narrative, i don't agree with that)
but banks are failing here and there, because of bad management and risky trading, and without the bailouts of governments, people would lose their money. :))
and with these bailouts, the fiat currencies are diluted and therefore your purchasing power is decreased, and soon stealth taxes to compensate for these bailouts.
::)
hence bitcoin, bitcoin cash, monero, maybe zcash, maybe ethereum, (imo)
of course all these crypto currencies can become illegal or attacked by your benevolent government, so be careful.
Quote from: RemiD on March 25, 2023, 11:48:40of course all these crypto currencies can become illegal or attacked by your benevolent government, so be careful.
It's funny that you say "be careful", RemiD, because I remember from the BRL forums a thread that you created asking how to render a 3D grid.
I gave the suggestion --and original example code-- of how to use AShadow's userlib to access Direct3D's primitive drawing functions so you could draw the 3D lines to form a grid.
It wasn't easy coming up with that. I had to research 3D matrix math to use with the rendering functions, what Direct3D render states to set up etc. But it was a fun challenge.
Later on, I ended up doing some BlitzMax + MiniB3D freelance coding for someone that advertised in the BRL forums, Mr. A. V. from the UK.
He said that it wasn't working with the "previous guy".
He sent me the working files for what he already had (it was Blitz3D code), and was I surprised to find the code from that 3D grid example!
What I understand of the situation is:
- You contacted that person to work for him.
- He asked something about drawing a grid.
- You created a thread in the BRL forums asking how to do that.
- I gave an example, not knowing that you were going to get paid for that (I thought it was going to be for a personal project or whatever).
- You dressed it up in the way that he expected, and delivered it.
So I agree with the statement, let's all be careful.
@Kryzon>>
what you assume is false.
i was interested in drawing a 3d grid way before i worked with this guy. i am curious by nature and i like to understand alternative ways to achieve the same result.
QuoteHe said that it wasn't working with the "previous guy".
i managed to do all that he asked until he asked for full copyright for all the reusable code, which i did not agree. so i stopped to work for him.
in any case, how is that a problem asking for help on a forum to achieve a result ?
nobody forces you to share your code / lib.
(your post is totally off topic btw...)
Everyone should read the Bitcoin whitepaper and understand the purpose before even thinking about touching cryptocurrency. It's not meant as a get rich quick investment/gambling scheme as people think. The value of Bitcoin and others is in a bubble due to people treating it like a ponzi scheme. Its real purpose is to serve as an experimental IOU system for goods and services. Decentralized currency much like the US had before its first civil war.
Just so you all know, the US military is controlled by arisocratic elites that do not value human life. They have the ability to turn off the internet and by proxy kill the crypto value bubble at the push of a button. Remember that the internet must be routed through centralized locations which are limited to only a few places around the world.
The value of crypto may be popped like a bubble, but the technology remains. Ever heard of using HAM radio for transactions? That might be a possible solution.
The key to independence is decentralization.
Quote from: RemiD on March 27, 2023, 09:43:05@Kryzon>>
what you assume is false.
i was interested in drawing a 3d grid way before i worked with this guy. i am curious by nature and i like to understand alternative ways to achieve the same result.
Oh really? All of it happened in 2013 (your Blitz forum thread, which is archived in here (https://archive.blitzcoder.org/forums/b3d-beginners/100959.html)), as well as his emails to me in late September 2013.
At that time he sent me what the previous developer (you) had done, it comes with the AShadow library as seen in the screenshot below from the files I dug up from that email:
(https://images2.imgbox.com/62/4c/3pG73PuP_o.png)
Quotein any case, how is that a problem asking for help on a forum to achieve a result ?
nobody forces you to share your code / lib.
Maybe you don't understand what this is about. The moment I saw that program running and that grid on screen, I knew what was up.
You couldn't come up with that same code yourself, as in the thread you mention how complicated it is. This means that you had to copy-paste the code that I had created, and sold it as your own.
I think you'll only know how that feels when someone else does it to you.
@Kryzon>>i repeat, what you assume is false, i needed to draw a 3d grid for one of my map editor, and at first i have used my own code with 3d lines made of vertices and triangles, then i have used 2d lines, and since i had an issue to calculate the coordinate of the 2d points outside of the screen, then i asked for help on the blitzbasic forum, and later this guy contacted me to help him.
https://archive.blitzcoder.org/forums/b3d-beginners/100959.html
i have appreciated your code example. but nobody forces you to help me or to post the code example...
what is sad is not that i have used a code example (created by you) to draw a 3d grid (with 2d lines), what is sad is how you react to this situation. ???
i have, and will continue to share code examples so that newcomers can learn, because i have learned from others coders before me.
a 2d grid or a 3d grid is only a small part of a program...
very surprised by your reaction... are you not for sharing code examples ? and if not, why do you post your code / lib on the internet ? ???
( your post is off topic, again... ::) )
Quote from: lucidapogee on March 27, 2023, 20:05:24Just so you all know, the US military is controlled by arisocratic elites that do not value human life. They have the ability to turn off the internet and by proxy kill the crypto value bubble at the push of a button.
maybe, but i have already read that in 2012, and i did not buy some bitcoin for this reason. :))
since governments want to push CBDC (central bank digital currency), i think that internet will stay on...
however it may be possible that some packets could be filtered out from the internet...
Quote from: RemiD on March 28, 2023, 10:37:20very surprised by your reaction... are you not for sharing code examples ? and if not, why do you post your code / lib on the internet ? ???
It's really simple, I only remember it well after 10 years because it's a bad memory, it was the shock of running that program and realizing that I had spent time working on a piece of code that later someone else used commercially and I was not involved in or credited.
Quotea 2d grid or a 3d grid is only a small part of a program...
I remember the program you had sent him. It showed a 3D grid, you controlled a flying camera and created cubes on the grid by pressing a key. The cubes appeared at the aimed location, not snapped to the grid.
I will let it go now that I've directly talked to you.
I'm also responding to your private message.
QuoteI had spent time working on a piece of code that later someone else used commercially and I was not involved in or credited.
well it has happened and will happen to anybody who posts his code on public forums. personaly i don't see a problem with this, this is how we all learn to code new things.
but if you don't like that others will use your code, don't post it on public forums. simple ::)
i want everybody to know that somebody stole 10xmr from me, because i have posted the private key of my wallet on a public forum, and i am really angry about it. :))
edit : (this is humor / sarcasm)
Quote from: RemiD on March 30, 2023, 11:37:45i want everybody to know that somebody stole 10xmr from me, because i have posted the private key of my wallet on a public forum, and i am really angry about it. :))
Think the 1400,- Eur loss made think twice on what to post and not?
Hope the invest was less than what it is worth now.
bye
Ron
@Derron>> i did not lose anything, this was humor (sarcasm) ;)
to insist to not post informations that you want to keep private, on public forums (like what Kryzon did in 2013 on blitzbasic and then complained here...)
my cryptos wallets and units are fine and safe. 8)
This far from being the same or even equal.
Why? Because your coins would not be "copied" but simply no longer be yours once they moved it.
Code is copied. All parties can still use it
Yet both can have financial value - of course - and with "copying" the value might decrease (being less exclusive). But this is not what I am discussing here.
bye
Ron
QuoteBecause your coins would not be "copied" but simply no longer be yours once they moved it.
unlike fiat money (which can be 'printed' infinitely since 1971) :o
however 99.9% of crypto currencies are useless and are similar to the lottery / scratch games / casino.
but some are useful, and it will become clear in the near future. (imo)
some news :
2023.06.04 :
interesting event which is happening these days, the USA government will rise his 'debt ceiling', so that it can borrow more money to pay for his expenses.
but who will buy the USA bonds nowadays (june 2023) ?
when in march 2022, the USA government seized russian dollars and bonds, therefore did not honor his debts (and also blocked the russians to use the international money transfer system 'swift').
and therefore russian allies and others countries took note of that, and the international money order will most likely change because of that.
( i am not pro russian, i am for a more neutral and more fairly emitted and distributed money )
so the USA central bank (the 'fed') will most likely buy these new government bonds, and this is exactly what we call 'magic fiat money' emission, and therefore the dilution of the fiat money supply, and therefore the decrease of the purchasing power of this fiat money (usd).
this is in fact a hidden tax on the savings / incomes of people.
same thing will most likely happen in the EU (with the eur).
hence gold, silver, bitcoin, bitcoin cash, litecoin, monero, which are international, decentralized, open source, protocols / networks with a counterpart for the emission of each new unit, and a max supply or negligible increase of the supply, so that the purchasing power is not decreased but increased with time, compared to the fiat currencies. (and also governments can't block the accounts or transfers of these units).
but of course, governments don't like what they cant control, so they will create regulations and taxes and restrictions to slow down the adoption and use of these new currencies.
the high volatility of crypto currencies is because these are new techs, and not many people own it or use it yet, so the capitalizations are low, and depending on macro events, this cause bullish trends or bearish trends, which affect the prices...
make your bets :D
Quote from: RemiD on June 04, 2023, 11:12:52some news :
2023.06.04 :
interesting event which is happening these days, the USA government will rise his 'debt ceiling', so that it can borrow more money to pay for his expenses.
but who will buy the USA bonds nowadays (june 2023) ?
..whatever is going to happen, USD is kaputt, and im afraid EUR as well, based on what i can see here in South East Asia where i live, as well as worldwide..
some news :
2024.01.17 :
the bitcoin spot ETF was the narrative of the past few weeks (2024 january 10th), which made a lot of people bullish (not me since i think that tradfi and governments and central banks corrupt the money and the commerce with too many rules / taxes, to protect themselves and to limit others, but of course we need some government to organize society, but maybe less government)
anyway, not much happened since then, the bitcoin maxis look like fools at the moment, but the situation may change if indeed some big investors start to invest in bitcoin.
personaly i think that tradfi will corrupt bitcoin even more, and hijack it from its initial purpose, which was to be a decentralized peer to peer digital currency for payments between people and for commerce.
for those who have researched the history of bitcoin, you may realize that bitcoin segwit (btc) is a limited version of the original bitcoin (before 2016), and that bitcoin cash (bch) is what looks / sounds more like what bitcoin used to be at the beginning. this is controversial and the scaling debate is not over...
see this video as a reminder of how bitcoin was used peer to peer, everything on-chain, in 2013 :
https://www.youtube.com/watch?v=HhM4cqg3vxc
and monero (xmr) would be an alternative to bitcoin (a different protocol), with private (opaque) accounts and untraceable transactions. ( in case you don't know, bitcoin has public (transparent) accounts and traceable transactions ).
here is an ancient post, by satoshi, in 2010, which talked about how to add privacy features into bitcoin :
https://preview.redd.it/40zi1zi22ks61.png?width=960&crop=smart&auto=webp&s=85ffb1d082d51a7d1d32977e125e6a9241465474
so nowadays, bitcoin is appreciated by celebrities of tradfi, and marketed by mainstream medias, but monero is delisted from exchanges, nothing more to say...
some people think that if somebody is interested in privacy coins, or to preserve their personal informations, it is because they have something to hide.
yes it may be the reason in some cases.
but no it is not necessarily the reason in most cases.
personaly, i prefer to have my savings, and the details of my transactions, and my personal informations, not known to every others humans on the planet, because this is not their business, but also because this protects me from scammers and identity theft.
the governments can access these details anyway if they need it, but let's not share these details with all scammers / malicious persons on the planet ?
and with AI and deepfake this is even more relevant to not post every detail about your personal life on the internet (but you do what you want).
that being said, i am currently interested in :
monero xmr (for the peer to peer cash between people and for commerce)
bitcoin cash bch (for the peer to peer cash between people and for commerce)
bitcoin segwit btc (for the pump and dump with tradfi money)
ethereum eth (for stable tokens)
smartchain bnb (for stable tokens)
tron trx (for stable tokens)
solana sol (for stable tokens)
algorand algo (for stable tokens)
events which may pump / dump the crypto markets :
- april 2024 : bitcoin halving
- november 2024 : presidential elections in the USofA (which will impact the moneytary policy of the american central bank (FED)
( i don't claim to know everything, this is my current understanding of this field, you are responsible of your own choices. )
that is all for now. :)