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1081  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon said he would close Bitcoin down if he was in government on: December 07, 2023, 03:18:56 AM
"The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance."
That's such an old news already, I guess his stance never changed; a stance just as old as the system that he's benefiting from and they really don't like it when something that's challenging their financial system has been flourishing a lot of people are loving it and are talking about it and so they go for the cheap shots that are nothing more than bullshit because there's a public ledger that can just look up if they feel like it's a suspicious transaction, bitcoin's pseudonymous anyway so what's the point of using bitcoin for the stuff that this mofo mentioned? There's mixers and privacy coins like Monero out there so it's weird that they're attacking bitcoin when there are other ways those criminals can funnel their money and fiat is still the favorite of these criminals to use so what are they doing about that? There's still a lot of money laundering operations out there and they can't do a damn about it and instead they talk about bitcoin and why it's an evil thing that they have to get rid of.
1082  Bitcoin / Bitcoin Discussion / Re: Controversy over Bitcoin Transaction Water Consumption: Accerx Analyzes its Envi on: December 07, 2023, 02:33:24 AM
Where did he do his research? How did he find the correlation? This doesn't seem very reliable since I doubt miners run their rigs in a poor area with a scarce water supply, to begin with. Is there any data on how much water consumption for mining compared to other areas in a specific time? While I support green energy or whatever it is, the reasoning seems a bit weak if the research doesn't show more than just a hypothetical scenario.

I remember reading this headline on a popular PC news website. It does seem that people who are not familiar with crypto fall for misleading ideas like this very easily.
The reason why they do this is to generate some shock value, I mean that's already how they do their magazines and news articles, don't mind the truth as long as people are going to read a sensational story. To me, this kind of stuff should be answered directly by the people that are mining, we can always just ask them their electricity bills and then do the calculations there hell, if we're so bent on disproving this research, might as well ask every miner out there and do a statistics and average depending on the size of their mining operations.
1083  Bitcoin / Bitcoin Discussion / Re: Financial Services Commission (FSC) of Belize banned crypto it seams? on: December 07, 2023, 01:58:53 AM
Probably related to this[1]? I can imagine they temporarily ban businesses from doing crypto transactions because they want to prepare for a better monitoring system, and then resume it after the framework is ready. It is also possible that they ask for other requirements if the business wants to continue dealing with crypto, but the specific broker you mentioned above doesn't want to do it.

[1] https://www.belizefsc.org.bz/collective-engagement-to-implement-the-crypto-asset-reporting-framework/
Why not just let things be? Wouldn't it be better for their monitoring system to work if they have a way to understand the workflow of the transactions, pausing the transactions would mean that they're going to look harder because they're going to be making it difficult for them to observe transactions because the people that used to do transactions in legitimate exchanges would go underground which makes it difficult for them to find those transactions since there's no country of origin in ledgers.
1084  Bitcoin / Bitcoin Discussion / Re: help me not to leave btc on: December 07, 2023, 01:35:26 AM
Just trust the process, you're already invested in bitcoin already and I don't think that nothing ever is better than that, if you feel like you're FOMOing on other altcoins, just remember that people that got out of bitcoin too early and then the prices started going up again and now they're regretting it so much and then they learn their lesson and buy bitcoin again but now the price aren't what it used to be for them so they value that they've got for getting back into bitcoin again is much lower than last time that they've got in. If you really don't like the idea of having to miss out on altcoins that are going up in prices recently, I recommend that you invest only what you can afford to lose.
1085  Economy / Trading Discussion / Re: can somebody recommend me a good profitable ALERT app for crypto on: December 06, 2023, 10:22:31 AM
Coingecko works for me just fine, you can probably tweak it to your specifications so you only have a few crypto that's giving the alert. I have listed bitcoin in my Coingecko portfolio so it updates me of any significant move although I don't think it's going to be reporting small positive or negative moments but I can't be certain of that, I didn't tweak my Coingecko app too much.
1086  Economy / Trading Discussion / Re: Trading advice for newbies on: December 06, 2023, 08:52:45 AM
My greatest advice in this market is learn to be patient as much as you can. There is no shortcut to success, so always chose to take a harder and tougher way at first so you can see the sweet fruit of your labor in the end. In life, learning takes a lot of time and even requires a lot of experiences before you will be able to learn, same what we should do in this crypto market.
As much as this is the truth, besides the virtue of patience, we also should be able to have the ability to analyze the market and understand what the news is talking about and how would it affect the market in the long-run, if you're just going to use your patience with your invest, don't expect to be successful in trading and you're better off hodling and wait for your ideal price to go up and then sell there, much easier process but takes longer and will really test your patience.
1087  Economy / Trading Discussion / Re: Short Term Trading Altcoins and Meme Coins? on: December 06, 2023, 07:37:24 AM
Not advisable to trade with altcoins, it would be much better to look out for new altcoins that have a potential because those are will probably yield you a better profit since they'll definitely experience a pump and then they will dump and never come back again, that's a symptom that's prevalent on a lot of altcoins so rather than trading an altcoin that's been established long ago, you can utilize the potential of upstart altcoins, that's what I did during the NFT craze.
1088  Other / Meta / Re: I have no more merit left to give! on: December 06, 2023, 06:34:01 AM
As much as it seems that your intentions are good and that you are trying to help others, continuing with such topics may end up on the ignore list for many. When you want to help others, you do not say, “I am a good person, I help others.” And if the sMerits are not enough for you, then submit an application to become a merit source.
I agree but I don't see OP to be implying that stuff, probably bragging about giving away all the sMerits he's got and that placing himself as an important person because if you got graced by his sMerits that you deserve it. I don't think that it's going to be a good idea to put ignore on OP though, if OP can generate that much merit and share those to other users, then OP's probably worth looking out in terms of the content that OP posts.
1089  Bitcoin / Bitcoin Discussion / Re: The Stories on Bitcoin's Value on: December 06, 2023, 05:30:17 AM
There are many reasons why Bitcoin is so valuable to convert to a digital currency. Before Bitcoin there were many other coins in the crypto currency market but all the other coins could not get the attention of the investors and investors did not see anything special in any of the other coins that would make an investor prefer another coin. The value of Bitcoin and the popularity of Bitcoin were not like that in the beginning, if we dig through history we find some information that proves that Bitcoin was not a valuable coin to people at that time. A man paid a huge amount of bitcoins to buy just two pizzas. Imagine the position of the person who paid a large amount of BTC in exchange for two pizzas and the person who received a large amount of BTC in exchange for the pizza. At the current level of popularity of Bitcoin, in a few years its popularity may double.
Bitcoin was the 2nd I think, there's probably only 1 that was created before bitcoin so I say that you're misinformed that there are other cryptocurrency in the market because bitcoin started it all. It's not that bitcoin isn't valuable per se, during the early years of bitcoin, it just so happens that there's not a lot of people that are engaged or are in this forum so the value of bitcoin isn't that high but as time goes by and more people are trying to get in and the value of bitcoin goes from a cent to a dollar, people starts getting in because they want a piece of the action, the popularity of bitcoin is parallel to how many people have discovered bitcoin over the years not to mention that as technology and affordable computers become a thing in the year 2010 onwards, the interest in technology increases everyday so it's only natural that bitcoin will be discovered by more people.
1090  Economy / Economics / Re: Do brands that take sides on divisive issues lose market share? on: December 06, 2023, 03:17:14 AM
It depends on what side they're going to be on because if they're on the controversial side and the side where a majority of the population disagrees then they would see a negative impact to their sales and stocks but if they're siding with what the majority thinks is the right one, they're probably going to see an increase in their sales and stocks but there are outliers out there that are an exception to the rule, some companies might take the non-majority stance but still gain respect from the majority and no effects that significant can be seen in their sales or stocks, another case would be companies that take the majority stance but the majority feels like they're just faking it so they don't see any significant increase or decrease in their sales or stocks.
1091  Economy / Economics / Re: What class of an investor are you? on: December 05, 2023, 08:33:17 AM
I can't be sure about this as I don't want to come off as someone that toots their own horn but I would say that I'm the kind of investor that's going to be making a lot of profit because I deal in the long-term when I invest in something and in the case of bitcoin, I see the potential that it have and I don't like the idea that I will be missing out on bitcoin again, I had the opportunity when it was cheaper, not going to let that slip away ever again.
1092  Economy / Speculation / Re: So I guess we sell at $48626 ? on: December 05, 2023, 07:56:17 AM
You expect us to return to $36,000, so you are betting that it is the right time to sell? This may be true, but the price will return to rise in one way or another next May and may break $70,000 before the end of the year. Selling now as part of a short-term trading plan will be understandable, but it is not a long-term selling point.

Relying on 0.618 FIB while ignoring the rest of the indicators may cause a loss.
Breaking at 70k by the end of the year is a crazy number but I know how bitcoin is, hopefully I could sell a large portion of what I currently hold at that price and still make a profit and hopefully get back in because the price starts to go down again. Long-term, everyone should keep at least 80% of their bitcoin and enjoy selling that 30% if the 70k price happens again.
1093  Economy / Speculation / Re: Bitcoin at its ATH of 2023 so far on: December 05, 2023, 07:25:55 AM
It’s great to see, we were at $16,000 for quite a few months if I remember correctly, only last year. Bitcoin continues to show how strong & what a great asset it is cycle after cycle. At this point I think you’re generally a moron if you don’t own any Bitcoin. Let’s see how 2024 goes, I predict it’s going to be a very bullish year.
I wish I had a job during that time because I would've made more potential profit if I had but I chose to chill and relax before becoming a part of the workforce which isn't that bad at all, it's not like I didn't do anything during those times doing relaxing, I made some personal progress so I can hopefully sell my skill better and it did pay off somehow. Pretty awesome experience. I just hope that bitcoin's going to continue it's run until the first few months of 2024, not a bad year to start if bitcoin gets to 100k right?
1094  Economy / Speculation / Re: Warming warning of the BTC, ETH & the LTC Cryptos upcoming halving on: December 05, 2023, 06:22:03 AM
Blaming themselves and regretting not buying during the lowest of bitcoin before it's peak has been the theme for many half-assed investors out there, they're not going to follow through no matter how much they want to regret their actions, look at them keenly and observer their behavior, when the price goes down they're not going to buy anymore because they believe it's going to go down even more and that it's finally happening. No saving those people. Just follow BTC movement and you will able to know the current crypto landscape, no need to complicate things if there's an easy way of doing things.
1095  Economy / Economics / Re: War and property mortgage you still need to pay If war destroy your Property on: December 05, 2023, 05:56:18 AM
I'll worry about that when the war's over and my family members are still alive and if in the worst case some if not all died maybe after the grieving. I don't mind living in asylum for refugees so property and stuff associated with owning a house isn't going to be a big problem, OP probably never been into war or was affected by it to say insensitive stuff like this so at the best forgive OP for this stupid transgressions.
1096  Economy / Economics / Re: #HODLing is not a smooth journey on: December 05, 2023, 05:26:27 AM
~

If you only trade a small amount in Bitcoin, then it's 24/7. I think it will just be a waste of time that instead of doing a lot of things throughout the day, it will just be consumed by your monitoring in front of your laptop or desktop. If it's small, only earnings can be obtained.

I've tried that because, with only a 30–50 dollar daily trade in Bitcoin, the only profit I can make in 12 hours can only be 2–5 dollars, depending on the aggressiveness of its volatility.
We're talking about HODLing not trading ya git, read the topic and the post you're quoting first.

~
Now this is true, but it is not the only situation that will eventually make our Hodling journey not go smoothly, or will face a situation where we have to think hard to maintain what we have been holding on to. For example in a situation where our financial situation is completely destroyed, yes as humans good financial is the thing we want the most, but something we want does not always come to us, and when that time comes of course this becomes a problem or a challenge for us, whether we will maintain what we hold, or vice versa.
That's why early on you should learn to only invest what you can afford to lose, if you're doing that early on then you're not going to have any problem because you don't mind that you're hodling for long because you planned your investment all along. No excuses here because I make less than $200 a month in my work and I can still do some investment monthly and I never get any worries because I only invested what I didn't mind losing.
~
the key, as you rightly pointed out, is trusting the process and believing in the long-term potential of your chosen assets. While it's tempting to be swayed by the constant fluctuations and FUD, having a steadfast conviction in the underlying technology and the future of cryptocurrency can make the HODLing journey much smoother. It's a test of nerves, but those who weather the storms often find themselves on the shores of significant gains. Experience does teach us to navigate these waters more wisely
It's not a test of nerves, I've been hodling for a long time now and I've seen my bitcoins go down in half of what I've bought them, if you really trusted the process then you're not going to worry about the movement of bitcoin in short-term right?
1097  Economy / Economics / Re: Banks are the cause of millions of crypto project failures on: December 05, 2023, 04:20:37 AM
Say that you're right about that, but there's about a hundreds of thousands if not millions of crypto projects over the years that are offering the same solution to the same problem, you wouldn't think that some of them aren't going to fail? If they all do the same thing then it's bound to happen that the project that's going to have more people using it will have more survivability because compared to their other competition that's offering almost the same thing, that's one of the reasons why a lot of crypto projects failed, they were destroyed by their competition and there's really not a lot of stuff that they're offering besides the same solution, now if only they're creative and are dedicated to their works, they might be an industry standard right now.

Another reason for a lot of failures is that there's a lot of rug pull and scam crypto projects out there and the people that run this projects are making bank which makes it lucrative for them to just do scam projects instead of a legitimate one.
1098  Economy / Economics / Re: Idea and money are very important to investment. on: December 05, 2023, 03:01:01 AM
Both money and ideas are equally important in investment. An idea is like a light, when it's turned off, you're left in darkness with nothing to see. This means that the idea serves as your guide, while money can be compared to tools for executing your idea. However, I think there is still something missing besides the idea.. you need to combine it with planning to know the direction. Because if it's just an idea without planning, it's like a vehicle with lights but you don't know your direction.
There's a lot of stuff that you need to do besides the planning and if I'm being, there's a possibility that listing the stuff that someone should do to be successful in their investment is a topic in itself that can be discussed even further. To me, if you're just investing or just planning to, you need to have the drive and the initiative to invest, what's the point of all of this if there's no initiation that's going to happen, it will all be in the air if it's just idea and planning with no action. You also need people, the right people to make that idea come true because without the right people or just you doing it all, you will probably have a hard time getting to a level that you consider yourself to be the most successful.
1099  Economy / Gambling discussion / Re: Money laundering in crypto casino on: December 04, 2023, 09:05:56 AM
~
Imagine banks and crypto casinos as two sides of the same coin with different masks. Banks, with their jackets and ties, are money management veterans. Layers of checks and balances make money launderers' access difficult. Like royal palace elderly guards, they've seen every trick. Experience and technology help them catch smurfs hiding filthy money. Banks lead this elegant dance. Crypto casinos are financial revolutionaries. Their aggressive no-KYC approach attracts anonymous gamers. Like a masquerade ball, everyone wears masks. It's fun until someone breaks the rules. These casinos play high-stakes games, not simply blackjack. They may be the new trendsetters, but when you dance above the law, you'll pay the price. Banks may be stuffy, but they've been around long enough to know how to play
I get what you're saying but the problem is that this anonymity or pseudonymity that crypto offers is being utilized by criminals to funnel dirty money to their operations or to clean the dirty money that they've got, it's a dilemma because as much as we don't want crypto to compromise or give in to the authorities when it comes to giving up the identities of the people that are in the crypto space. Also, crypto casinos aren't financial revolutionaries, it's such a low standard if they're called that just because they accept crypto in their business, I'm sure that a traditional casino can do just that. Also, you posted double might want to check it out and delete it.
1100  Economy / Gambling discussion / Re: Appropriate percentage of income for gambling on: December 04, 2023, 08:16:34 AM
More like everyone has a different percentage of their income that goes for their gambling habit, and we can't be sure if all the gamblers or the ones that've been answered in this topic really follow the percentage that they have given. I'm sure most don't have a track record of how much they have used for gambling in a week. Let's not be hypocrites; most people use money beyond their budget just to gamble. Not everyone has the strong will and control to limit their gambling expenses. To be honest, as I have a limit on what percentage I can use for gambling, I sometimes go beyond my limit, especially if I'm in a zone, but that zone is the winning zone because I have a strong boundary or limit if I know that my money is going overboard on my gambling limit. If, for example, I win quite a lot, then I will secure the initial capital and gambler the rest of the money until I'm satisfied with whether I earn or not, as long as the capital is safe already.
I do think so too that they have a hard time keeping that percentage strict because I feel like it's too constricting but that's just me and maybe you and me are just a bit skeptical about people and that there are people out there that can really keep that percentage and we're just a really bad at keeping a strict percentage for our gambling funds so we think that other people are being reckless and don't follow what percentage they've assigned. I'm the same as you, I almost always go overboard with my gambling but I do have an ample amount of funds so I don't do so much damage in my pocket whenever I gamble.
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