My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said.
Because most of them can't actually trade lmao. And even if they end up making bad trades, who cares as they make money off the subscription of people anyway. And when talking about pump and dumping, yea they'll just buy certain low-cap tokens and tell their "subscribers" to buy. Then they dump the coins because the coins rose in price due to their subscribers buying. |
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I really dislike this Cory dude because of his painfully bad takes, but I don't think it was Cory's call in this case, because it's their custodian that was acquired, not them.
If Cory really actually think that Ripple is a scam though, they should change custodians soon. If not, this is just Cory being a weasel and just typically trying to stir some shit for publicity.
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Bitcoin miners and data centers don't actually create pollution. They're not the ones causing the problem.
I mean they technically do, though? But the issue is not the fact that Bitcoin mining creates pollution, but more of the fact that they totally over-exaggerate it as if Bitcoin mining was the main reason; but in fact its effect in the grand scheme of things is minuscule compared to other things. I'm definitely no environmentalist, but I'm a bit certain that even if Bitcoin wasn't invented a decade ago, our environment would be little to no different. |
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They do not really have to be hardcore members, even those who have a very basic interest in Bitcoin can pick an interest in the forum and build that interest from there.
The retro style can also serve as an appeal to those who are looking for something unique to be a part of.
Sure. But a huge majority of these people would heavily favor modern social media platforms rather than a retro-style forum. I'm pretty sure most of these are even just smartphone users that don't even frequently use desktop/laptop computers. And we all know how painfully bad Bitcointalk can be when used on a mobile phone. There's a reason why retro-style forums in general(outside of specific niches) have been slowly dying. |
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ThorChain was the de-facto on-chain bridge for BTC <-> ETH, but I'm really not sure how good/bad it's doing right now due to the number of times it got exploited in the past lol. They're still up and running though. If you want to try it out, do smaller amounts first just to be sure.
As for bridges in general though, KuCoin used to be my go-to bridge lol.
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Ok how? Knowing how most community apps/platforms right now(Reddit, Twitter, etc) work, it's very unlikely for the typical person to be interested in a 2003-style community forum. The people you can attract to Bitcointalk today are mostly the:
- bounty farmers
- developers/technical people
- the privacy conscious
- people that are actually interested in Bitcoin, hardcore-mode
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I did not meant to say by hurting the decentralization factor of BTC that, there will be some impact (bad one) on the BTC coin or blockchain. While I was talking metaphorically that if people will show more interest towards centralized pegged version of BTC (ETFs) then they will not be getting benefit from the decentralization factor thus they are vulnerable to scams and bankruptcies like the events you mentioned above.
Point is hurting means they are not going to getting benefit thus they will hurt their funds and also hurt the benefits if decentralization. I hope you are catching my words here.
Bitcoin, the protocol, will stay decentralized even if we have a Bitcoin ETF. It's just that a part of the supply will be held in centralized custody. Some people simply aren't interested in the non-custodial aspect of bitcoin; they just want to comfortably hold bitcoin in their brokerage accounts without thinking about how to secure their wallets and stuff. |
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Here's a tip: Want to promote a bitcoin/crypto/trading-related service? Just create a great announcement post and answer people's inquiries; like, you know how a trustworthy and reputable service would do it? Trying to fake a post that you somehow "came across" a platform that literally no one but you knows is just going to destroy your platform's reputation.
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Bitcoin getting lost is simply just more frequent for old wallets simply because they were worth crap back then but now are worth a good amount of money. If you hold a good amount of money in bitcoin/crypto and manage to lose the keys, sorry but it's really just your fault due to carelessness, not the protocol's.
Heck, even gold gets lost. Someone out there probably managed to drop his/her gold ring/earring at sea or something; or probably accidentally flushes it down the toilet, etc.
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Dollar-cost averaging was never a "bad" strategy. It's just that people frequently foil their plans when it's the case that the price moves greatly in a certain direction(panic sell or not following the scheduled buys when price drops, or not following the scheduled buys when price increases).
And ultimately, DCAing is a sort of 'boring' strategy, so people tend to get restless.
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Well, another reason to avoid mobile crypto wallets. Crypto traders rush to buy Apple smartphones.  After all, they were not struck by this infection, right. Modern laptops (netbooks) are compact in size, which allows to work with cryptocurrencies almost anywhere in the world and allow to build a safe line of defense on device. Why use mobile phones to interact with cryptocurrencies when doing so is risky? I also think it's reckless. Simply because of convenience. Mobile wallets aren't necessarily bad despite the risks in the first place. Like, why use your physical pocket wallet knowing that you can risk losing it? Exactly, you use your mobile wallet for smaller amounts of funds so it's easily accessible when on-the-go; if you're fortunate enough to be in a country with bitcoin/crypto-supported payments. |
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A lot of times, the markets move in ways we least expect it. Due to a good amount of people that are betting on the halving specifically, I think it probably won't move the way these people are expecting it to.
Either we dump hard, maybe we do a sideways chop, maybe we pump then just end up retracing. Just my guess though.
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1. A person that trades crypto?
2. Other cryptocurrencies, and stocks.
3. Nothing specific. But I trade based on narratives and based on protocol metrics.
4. Exclusively fundamental analysis. Though when I want to buy a coin and it just keeps on dropping, I wait for a small bounce before pouncing in. That's pretty much the only price chart thing I do.
5. DEX aggregators: 1inch, Matcha, etc.
6. Pretty much OTC is the only way to trade without a CEX/DEX/P2P? But no I haven't used OTC.
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Will there actually be a time that you will login the forum and understand that the whole forum is taken over by bots chatting and discussing with one another. No emotions and no considerations. It doesnt matter if the conversations are connected or not, but then there is steady activity going on in the forum. If it gets to this stage what then will happen? Because the purpose of this forum would automatically be defeated.
It's like asking what will happen to Facebook/Twitter if it was just taken over by bots. Why would businesses/companies invest in ads in these platforms if it was all bots? I think there is a long road for ChatGPT to be a risk for Bitcointalk. Even though it can be expert in generating content. It's still lacks human creativity. It only says what it's trained to say. As a newbie we may not be able to separate which is Ai made & which is Man made. But an old active member will instantly detect that it has been made using AI. I think no matter how much natural they try to make ChatGPT it will always have that artificial touch. As long as there is a human touch there will always be a chance to have human error. Take me for example, I think I made several grammar mistake in this reply. But ChatGPT won't. Maybe in the long long future, but there is no way ChatGPT can replace us now.
Pretty much. ChatGPT being able to blend in to a community such as Bitcointalk is going to take a good amount of time. Or at least I hope, as we might be underestimating how quick ChatGPT can 'learn'. |
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Maybe I should stop quarterly prediction and stick with monthly predictions.
That's going to be totally up to you. Not sure why you're too personally affected knowing that predicting prices is very difficult especially in shorter timespans. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?
Like an adult? Take a look on why you're wrong and why the strategy/indicator you used is wrong; and how you can improve it for future "predictions". |
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For us to see those low levels of fees, we're going to need a combination of a deeper deeper more-depressing slow bear market, and a death of Bitcoin ordinals. I think it's a bit unlikely for us to reach that levels of market-"deadness", but it's definitely not outside the realm of possibility. What we only need is a longer 2020 version of market sentiment.
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A lot of these problems would've been mitigated if only people used one-time codes from authenticator apps like Google Authenticator and Aegis; but unfortunately SMS 2FA is still the most user-friendly option out there. And again unfortunately, not every service supports one-time code 2FA understandably so because of SMS-fa being far easier customer support-wise.
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If we're talking about pollution, there are LOTS of things to worry about than bitcoin/cryptocurrency mining. Yes, bitcoin/cryptocurrency mining does use energy, but so does your computer, your car, your home heater or air conditioner, the list goes on and on.
Even Christmas lights are provenly using more energy than crypto mining if I remember correctly.
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The 21 million maximum supply cap is one of Bitcoin's biggest strengths the fact that no one can print more than that limit. Removing the supply cap goes against one of Bitcoin's strengths so I totally doubt the masses would support this in the first place even if some people are for it.
Also, screw Bitcoin dot com.
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there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion
How do you even lose money "if not careful"? If you literally just buy weekly/monthly what's the room for error here? Not buying even when you're already scheduled to(due to DCA)? If so, then the risks are the same even with lump sum. If the person doesn't follow his/her sound strategy, then mistakes will be made. |
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