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1081  Other / Beginners & Help / Re: Newbies say no to Trading. on: August 17, 2023, 02:12:30 AM
I've also tried trading. Many of my local Bitcoin friends also tried trading. Most of us were not really good traders. We're often just following the calls of those who are so much better than us, those who have been into all kinds of trading before getting into crypto trading. But guess what, most of us have already quit. Perhaps all as far as crypto trading is concerned. And the reason is that it wasn't easy. And it wasn't really profitable.

Perhaps the easiest way to trade is to wait for huge swings. Selling at an ATH, for example, before waiting for the correction to buy back might be profitable. But it takes a lot of patience, and newbies might not have it. When I was a newbie, I was very eager and excited.
1082  Economy / Gambling discussion / Re: Dreaming That I'm Playing In A Casino, Do You Have One, on: August 17, 2023, 01:23:59 AM
I cannot remember having one, but I don't think that's alarming. Dreams aren't alarming. They're just dreams, after all. Whatever happened in your dreams doesn't have to happen in real life. And what's wrong with having a dream that you're playing in a casino? That must be a sweet dream.

This is probably just some kind of a withdrawal syndrome. If you are heavily into a certain activity and then you quit from it, perhaps it will haunt you in some ways, probably in your dreams sometimes.
1083  Economy / Economics / Re: Why are stable coins free from SEC ? on: August 17, 2023, 12:53:41 AM
I don't think stablecoins are being exempted from the suspecting eyes of the SEC. I don't know why you have this impression, but we have already heard of a number of statements coming from the SEC regarding stablecoins. And while I highly doubt that stablecoins are securities, the SEC is even interested to take a look at the assets which back them up. Furthermore, stablecoins are also perceived as a direct threat to the banks. They're not off the hook.
1084  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is centralized, will other cryptocurrencys survive ?. on: August 17, 2023, 12:04:17 AM
If Bitcoin were not decentralized, it wouldn't have earned the interest and trust of the people and institutions. Which means that it wouldn't have even taken off. The price of Bitcoin would have remained very low, if at all. This further means that cryptocurrency wouldn't have become a huge thing like today. There'd be no crypto market. Neither would there be a crypto industry. Every altcoin wouldn't have existed, knowing that they are all riding on the success of Bitcoin. That success is owed to its decentralization.
1085  Economy / Economics / Re: Bitcoin ETF trivia continues, applications getting reviewed - Funds will drive on: August 16, 2023, 04:09:58 AM
Sometimes, I'm torn between appreciating these spot Bitcoin ETFs and imagining that all this shouldn't even have a place in a decentralized system. Why can't we just own Bitcoin according to its fundamental principles? Why do we have to have a manager for it? Is this kind of marriage between the traditional and revolutionary approaches necessary?

Just like the sentiments of others here, I'm not sure if a spot Bitcoin ETF application would really drive up the price. Bitcoin ETF, although futures-based, was once a thing of interest in the past, for example, but how much did its approval and actual trading contribute to the appreciation of the price? How are they now?

I know that the entry of the likes of BlackRock means a lot to Bitcoin's image, but we'll see whether an approval of a spot ETF in the US would really translate to an exponential rise of Bitcoin's price, just as it seems to be implied by many.
1086  Bitcoin / Bitcoin Discussion / Re: only 7% of supply is halving on: August 16, 2023, 02:59:50 AM
To be fair, I acknowledge your point. The halving that will take place at block 840,000 isn't like the one that took place at block 210,000 when the reward fell from 50BTC to 25BTC. The reward that would be halved in the next several months is only 6.25BTC, not a big number.

But given that the price of Bitcoin is already almost $30,000, the next halving would mean that roughly $92,000 in Bitcoin is taken off the market every 10 minutes. That's around $552,000 every hour, $13,248,000 every day. Vis-à-vis the growing adoption and therefore demand, I don't think 3.125BTC every around 10 minutes is an insignificantly small amount.

I'm convinced it's significant enough to influence the price.
1087  Other / Beginners & Help / Re: Be Decisive with Your Coin on: August 16, 2023, 02:05:06 AM
I personally don't want to include quickness in making a decision so that you'll be considered decisive. If you want to make a resolute stand on something, you take time to do due diligence. You take time to research and look for answers to your questions, so that the moment you make a decision, it is firm and solid. You can't be haphazard in trying to understand and decide about Bitcoin and the bigger crypto market.

Most of my mistakes are decisions that are uninformed, quick ones. I used to be loyal to certain shitcoins, for example, because I didn't spend a good amount of time understanding them and their true potentials. I just jumped right into them primarily because of hype and hodled them. I was wrong.
1088  Economy / Service Discussion / Re: Local peer to peer should be allow on: August 16, 2023, 01:35:55 AM
I get your point and I share it to a certain extent, but I agree with pooya87 that this is not about Bitcoin. This is not a problem about Bitcoin transaction. I'd even go as far as saying that this is not even a problem about Bitcoin conversion. Even AgoraDesk's volume alone suffices the amount that any ordinary person wants to convert. Conversion is easy. I can only speak of my local situation, though.

The big problem, however-- and I agree with you-- is when you make a withdrawal. Withdrawing money is indeed a tough one. If it's a meetup with cold cash on hand, it's not a problem. But when it involves the banks or remittance centers, you'd have to be careful not to deal with amounts large enough to trigger AML policies.

When somebody withdraws $20,000 here, for example, you better spread it across two different bank accounts at least. This has nothing to do with Bitcoin. This has everything to do with the fiat system. The moment they ask you where this money comes from, problems will begin to arise.
1089  Economy / Economics / Re: How to developed your capital on: August 16, 2023, 12:56:35 AM
I think the main problem is that many of us are not wise spenders. We spend so much on things that don't matter. We are impulsive spenders. We have a distorted sense of priority. People don't care about savings for as long as they have a nice smart phone whose features they can't even maximize. People dream of a good amount of savings so that they could start a small business, but they also can't stop themselves from buying a lot of unnecessary things.

I have a friend who's always complaining about how hard life is, about how badly she wants to stop working, if only she has a small fried chicken business. But she has a couple of expensive phones, accordingly as a gift to herself. She spends much on unnecessary food and drinks. How can we develop our capital if we're like this?
1090  Economy / Gambling discussion / Re: Predictions and Trends for Crypto Gambling in 2024 on: August 16, 2023, 12:29:41 AM
I don't know whether what you're promoting is truly decentralized or not, as we all know many platform have been falsely claiming to be decentralized, but I agree that there will come a time when decentralization would become a bigger player in the crypto gambling industry.

But I don't think this is a fork. Well, you must have used it as a metaphor, but the main point with a fork is that it is generally a copy of the original version, which I guess a truly decentralized gambling platform is not, in relation to centralized gambling platforms.
1091  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Bitcoin Cash difference? on: August 16, 2023, 12:06:03 AM
You have already been told of the main differences. Now, as a conclusion, or perhaps as an advice as well, you should only be sticking to Bitcoin and not Bitcoin Cash. If you are willing to risk your money, you should risk it on Bitcoin and not Bitcoin Cash. Bitcoin Cash is dying. Bitcoin will remain strong for many decades from now.

The Bitcoin that you've been reading all over the news; the Bitcoin that BlackRock, Invesco, WisdomTree, and other huge international companies want to adopt is Bitcoin and not Bitcoin Cash. The Bitcoin that is accepted by small, medium, and large business establishments all over the world is Bitcoin and not Bitcoin Cash.
1092  Bitcoin / Bitcoin Discussion / Re: Should the Bitcoin community be concerned about BlackRock? on: August 15, 2023, 04:01:15 AM
In terms of possibility, yes, this could happen. But if we are to make a cost-benefit analysis on this, I doubt it would be to BlackRock's benefit if they do what I consider as dark imaginings of some people. And I doubt BlackRock is so villainous an entity that they're secretly planning for this. Also, however powerful they may seem, they still have an interest and a reputation to protect.

In the first place, BlackRock is already powerful enough to just enter into the game not by joining Bitcoin but by creating its own coin. I bet, being the largest asset manager in the world, it would cause a huge hype, a FOMO, and explode. And they would create much money out of thin air. But they didn't do that. They chose the reasonable way and embraced Bitcoin.
1093  Economy / Economics / Re: All millions are from real estate. on: August 13, 2023, 04:07:41 AM
Not all, that's obviously an exaggeration, but I agree that a lot of millions are into real estate. Especially in a small archipelagic country like mine where the population is continuously rising and where urban centers are very limited, investment in real estate is a good thing. It gives you a continuous passive income. Especially if your piece of property is on a strategic location, you'd never worry about renters. There's a reason why the richest people in my country are already into the highly profitable real estate business.
1094  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Jermell Charlo - September 30th in Las Vegas on: August 13, 2023, 02:51:07 AM
Jermell is the better and fairer opponent here. Jermall should be given ample time for his comeback. And when he finally does, he shouldn't be facing a Canelo Alvarez right away. He should be facing a tune-up fight first.

Even the active Jermell is expected to be having a hard time fighting against Canelo. His weight adjustment alone is enough challenge for him already. I hope he turns out athletic enough to keep Canelo at bay with efficient jabs.

I think Canelo at -230 and Jermell at +170 are fair enough odds.
1095  Other / Beginners & Help / Re: Just a curious amateur! what are your expereince in the previous crypto bullrun? on: August 13, 2023, 02:12:34 AM
I actually converted a portion of my Bitcoin savings before the bull run took place. I had no choice; I needed the money. When the bull run came, I did nothing. I didn't need money anymore. I was just a witness of how the price rose high and recorded a new ATH. At that time, I was expecting the price to hit $100,000. The bullish sentiment was so strong that $100,000 seemed so near. And then the price went down. The crypto winter came in and then a series of unfortunate events happened one after another. But no big deal. I've learned my lessons. The price always recovers.
1096  Economy / Reputation / Re: Hal Finney's Last Post on Bitcointalk on: August 13, 2023, 01:35:14 AM
...Rest on Hal.
What!
You mean he is dead?
How did you know about the information, was it from their local board you got this information or for how long gone now.
This is to show that life is just as an air whenever you are feeling the cool air you would never know it will for a day stops and turned to the pole where someone else keeps enjoying it.
RIP to him, but base on your post though I don't know how reliable this information seems to be.

You surprised me there, buddy! You've been here long enough you must have heard of the name Hal Finney and that he's been dead for a while now. Who doesn't know the one who received the first ever Bitcoin transaction? He's no member of any local board here. But the information about the man, his contributions to Bitcoin, his life, and death, are not to be doubted. He's more or less an open book.

Anyway, reading his posts, Hal seems to be the open-minded man that many avid Bitcoin supporters today are not. Rest in peace, Hal!
1097  Other / Archival / Re: [A Bit of History] The most generous airdrop in the crypto history on: August 12, 2023, 04:03:33 AM
If we were to consider its price at that time though, it wasn't the most generous. It was very easy to earn Bitcoin back then. Mining reward was as high as 50BTC and it can be done with a laptop. But if we are to consider its future value, it was probably one of the most generous.

But I guess there were many unrecorded Bitcoin giveaways, gifts, donations, or whatever that's higher than that. If Laszlo could easily give away 10,000BTC in mid-2010 for just two pizzas, how much more in 2009? If Gavin in 2010 easily donated a total of almost 20,000BTC to be given away just for solving a captcha, how much more the donations in early 2009 when Bitcoin didn't even have a price yet? Even on this forum, there were users who donated as big as 50BTC. But that wasn't much back then.
1098  Economy / Gambling discussion / Re: Gambling scenario that keeps repeating on you on: August 12, 2023, 02:47:26 AM
These may actually be patterns that don't exist in reality. It's weird but this is kind of normal in gambling or among gamblers. There are so many patterns in gambling that are associated with luck or the lack thereof. There may be coincidences but I don't think there is science behind all this.

I can remember when I was using a certain platform before that every time my bet gets boosted, it usually ends up in a loss. Of course, this didn't happen always but since I normally used my boost on bets with low odds, it was easy to notice that they're losing despite being used on favorites.
1099  Economy / Service Discussion / Re: Invoices through Crypto on: August 12, 2023, 02:16:29 AM
I don't know what kind of invoice you specifically need, but is this not already offered by wallets? You can actually send a bill to anybody with our current Bitcoin wallets. A QR code along with the address where they will send the payment, the exact amount to be paid in both BTC and its fiat equivalent, the description or the details of the payment. Share it to the one who owes you, and I guess this is already an invoice. Is this what you are referring to?
1100  Economy / Economics / Re: People don't understand the problem with monetary system. on: August 12, 2023, 01:41:21 AM
Indeed. One reason why a lot of people don't care about Bitcoin is that they don't actually understand much the problems involving fiat. Once they will see how rotten the fiat system actually is and they come to know Bitcoin, they will probably realize that Bitcoin is indeed a better alternative.

However, fiat's problems are not really that intricate. We only have to look at the continuously rising prices of basic goods and services to realize that fiat's purchasing power is always getting weaker over time. We only have to realize how opening a bank account is not that easy.

We don't have to learn the latest monetary and financial policies of the government for us to see the bad side of fiat. We only have to understand that sending money overseas through remittance centers costs so much, or that accepting card payments to your business means payments take time to be deposited to your account.
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