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1101  Bitcoin / Bitcoin Discussion / Re: Biden administration will kill Bitcoin! Says Ron DeSantis. on: June 11, 2023, 08:00:41 AM
Biden administration can stop Bitcoin's progression in the United States of America, that's the hardest lent they can go to, and yes it's doable, but how about other countries? Is Biden going to control them too? We know that some countries won't like this either, for example, China.

Bitcoin existence was never meant to take over Fiat, some people want Bitcoin to be money they use everyday but that's nonsense, Nakamoto never created Bitcoin to replace Fiat, Bitcoin existed for people to use among themselves, it's the people's money without the involvement of the government.

Bitcoin stops only when they people want it to stop, this is what Biden and Gensler finds hard to understand.
1102  Economy / Exchanges / Re: Binance US Halts USD Deposits issues a fiat withdrawal warning? SEC vs Exchanges on: June 11, 2023, 06:57:39 AM
I read somewhere yesterday that China is welcoming all crypto exchanges to its country for a peace operation, US don't know what they are throwing out of the window right now, crypto isn't the reason why the USD is losing face, they are trying to make it look like that, but I suspect that many US citizens are moving their money off bank accounts into crypto investment and the government doesn't like this.

It's better if Binance leave the US for good, but I think it was not easy for CZ to run the Binance US in the first place, and he believes that the US citizens are playing a major part in the adoption of crypto, that's why he didn't want the US out of the book, this is my own thoughts, nothing confidential.
1103  Economy / Economics / Re: A steady source of income is a man's bottom line to support his family on: June 10, 2023, 06:06:03 PM
A steady source of income makes a lot of sense only if the paycheck is very big, if you are an average salary earner you won't be happy with what you are making, so, multiple source of income is much more better than anything, if money is flowing in from right and left you will be able to take care of your family and do things that you are not able to do for them before, also you will be able to invest some money for the future sake of you and your family.

Make sure you are not pushing things too fast too, I mean if you have managed up to two jobs, let it be just two, if you go three jobs it might not be healthy for you.
1104  Bitcoin / Electrum / Re: How can i download electrum for Bitcoin storage? on: June 10, 2023, 04:27:51 PM
Not just electron wallet, downloading this wallet from the official source is not the end of the possibility that you will lose your asset, make sure that whatever you want to run on your PC is also from the official source, like browsers and software.

Also, make sure that you keep your recovery seed safe for yourself only, it's not something you can share with anyone, this is the burden that every crypto investors have to go through, keeping the private keys and recovery seeds safe, no other way around.
1105  Bitcoin / Bitcoin Discussion / Re: Gensler can destroy the U.S. crypto industry but he can’t kill crypto on: June 10, 2023, 02:08:19 PM
I advice you do more research on this first, do you know how many people are in support of crypto in the united states? There are few that are into politics and tea are upcoming candidates for the next election, Gensler can't fight and win this war on is own for the long term.

Everybody knows that Bitcoin is unstoppable, but Gensler has a grudge against CZ and there are a few powerful people behind Gensler that are after the failure of CZ and Binance too, I can assure you that Gensler is not doing all these on his own.
1106  Bitcoin / Bitcoin Discussion / Re: Which platform is safe to store Bitcoin and can’t be hacked ? on: June 09, 2023, 05:23:33 PM
Hardware wallets are the most secured of them all but that doesn't mean it's 100% completely safe, if you leak your private key your fund will disappear, do not expect your hardware wallet to do something crazy and get your funds back, it's gone for ever.

Keeping your hardware wallet safe is the main goal, forget about how secured they are, you need to write your recovery seed somewhere no one can see, and you need to be careful with what you connect your hardware wallet with, e.g. computers.
1107  Bitcoin / Bitcoin Discussion / Re: Is Crypto another form of gambling? on: June 09, 2023, 03:41:00 PM
Crypto is not slots or roulette, where the entire idea is based on luck, this makes it different from gambling, Bitcoin as an example is a digital currency and a good store of value, now trading comes along and it is the only thing that's close to gambling in crypto, you bet on upside or downside of the market movement, if you are right, you win, if not, you lose.

Bitcoin is volatile, and this whole gambling idea is pointing to the upside and downside of the volatility, does this makes it a gambling?
1108  Bitcoin / Bitcoin Discussion / Re: My friend interested in investing in BTC but the friend's father does not agree on: June 09, 2023, 02:59:16 PM
That's your friend's problem, if parents are the ones deciding for their sons when they are not more a kid then it's nonsense, if I were the friend I would not let my father be aware that I have interest to invest in Bitcoin.

He should have known his father better, why did he told him about Bitcoin when he knew he won't agree? Is the son still getting feed by his father? Is this a yes then that's the problem, tell your friend to man up and start making decisions for himself.

His father will thank him later in the future.
1109  Economy / Exchanges / Re: Cz or the Sec who would you support? on: June 09, 2023, 01:09:59 PM
Let's just hope that the SEC doesn't find any dirt on CZ or else it will get uglier for crypto, I don't trust any of them because CZ is human and so are the SEC members, CZ wants the best for his business that's why it's looking like he is in support of crypto.

SEC is also trying to bite hard on CZ and Binance, I am sure they will be happy if the Binance exchange is in control of the government, CZ controlling the biggest exchange in the crypto space is what they don't like.

Either ways it will be a golden opportunity just like the Covid days, many people will surely decide to quit crypto and that's the best time they should stay.
1110  Bitcoin / Bitcoin Discussion / Re: bitcoin can't be robbed on: June 08, 2023, 06:16:32 PM
Lol, it's pure understanding that you are lacking here OP, they don't know how to rob those Bitcoin off the ATM, and this doesn't mean it's impossible, with the right set of people and the right tools, something can always be done, do not underestimate anything in today's world.

Anyone who have the right knowledge about Bitcoin will never even think about robbing any Bitcoin ATM machine and if they do, then they already have their way, they are very well prepared.

Those robbers know too less about Bitcoin, that's my own believe, because if stealing from a Bitcoin ATM will ever be possible,  then you must already have something you are relying on, maybe some codes or gadgets.
1111  Bitcoin / Bitcoin Discussion / Re: Bitcoin transaction fees are too high, obstacle for adoption and in general on: June 08, 2023, 04:31:36 PM
High transaction fee on Bitcoin is not an obsolete for adoption, there is demand and there is value, the higher the value of Bitcoin drives up, the higher the transaction will go up too, lets use other crypto projects like Tron for example.

Do you know that people prefer using Tron because of TRC20 USDT? It's cheaper to move fund with Tron, but mind you, the transaction fee of Tron is not the same when we are in a bull market, the fee goes up too, but it's unnoticeable to many because the value of Tron itself isn't even up to 1$, the highest I have seen Tron at was 0.22$.

Let's assume that Tron climb up to 50$ some day, the transaction fee will be way higher too, because you are using Tron itself to pay as the gas fee.
1112  Bitcoin / Bitcoin Discussion / Re: Don't Force Your Children to Learn Bitcoin on: June 08, 2023, 03:03:31 PM
Children should not be forced to choose a life goal by their parents, and Bitcoin is just one of those investment opportunities in the world today, we don't know what tomorrow will bring.

If they have no interest, then don't force them, let them follow their own path. As parents, we can easily believe that we know what is best for our children, but most of the time we are wrong.

There are some kids who are blessed with different talents, and their parents need to support them while they demonstrate their skills to the world.

Do not kill your children's dreams because you believe you know what's best for them.
1113  Economy / Speculation / Re: Bitcoin price bouncing from 200 Week MA on: June 08, 2023, 02:05:26 PM
It doesn't look like a strong support anymore, but some are saying that the real trouble is at 25.5k, well I won't expect too much from this but I have a good feeling that it will be a good buying opportunity if we go below, it's just that the bear market will stay much more longer than we all hoped for.

You will be ahead of others if you understand what is happening with the crypto market, I made bad decisions years ago because I couldn't understand what was going on, if Bitcoin losses this strong support it won't stay below for long, such opportunities don't ever last for long.

1114  Economy / Economics / Re: To Hodl or Lend: What is your take? on: June 07, 2023, 05:27:17 PM
If I really want to make money out of anything by lending it out it will not be Bitcoin, I have to use a separate fund to buy Ethereum and stake it or lend it out for some rewards over time, it's true that there is no point holding your coins in your wallet for years when you can make more coins but I just don't like the idea because it's risky.

You can make money fixing your Bitcoin on the Binance exchange, but are you seeing what's going on lately? This is one of the examples that things can go wrong really fast, I will prefer to hold my Bitcoin and use other coins to make yield returns weekly or monthly.
1115  Bitcoin / Bitcoin Discussion / Re: Is There A Bitcoin Exchange That Pays Most of Fees for You? on: June 07, 2023, 03:55:51 PM
Unfortunately, you can't get what you want, fees are the reasons that those exchanges are still in business, the highest they can do is free withdrawal for a short period of time, like when they doing promotions primarily if the exchange is a new exchange. The sooner you realize this the better it's going to be, you will be able ti prepare.

Once we enter the next bull market, to withdraw from any crypto exchanges will be more higher because of Ethereum and high value of the coin, Ethereum Gas fee and that of Bitcoin always increases in every bull market.
1116  Bitcoin / Bitcoin Discussion / Re: Deciding to save money in Bitcoins for the future of the child on: June 07, 2023, 02:13:21 PM
Just so you know, not all children are going to be the same, I would rather teach my kids how to make money or get Bitcoin instead of storing a high amount of money for them, sometimes, we help our kids by not been too helpful to them, I know this sounds harsh but it's the beet way for many children.

Like I've said before, some children won't turn against your plan and you will feel like the most blessed parent in the world, but majority of children that grows up near me end up wasting everything their parents worked for, that's because they don't understand how hard it is for their parents to gathered some money or properties for them.  

There are things to can pass unto your children that are far better than money and gold, you aren't harsh, you are teaching them to be prepared for their future.
1117  Bitcoin / Bitcoin Discussion / Re: I was shocked that my Neighbor also used bitcoin as mode of payment on: June 07, 2023, 01:20:23 PM
Looks like a made-up story, who are those paying your neighbor in Bitcoin? Is Bitcoin that cheap to use for buying such low cost things like candies and coconut? That 2$ on gas fee is enough to buy coconut and candies and still have some dollars left,  It makes no sense to pay someone in Bitcoin using transaction fee that's not suited for what they are buying.  

Are you also accepting Bitcoin as means of payment in your business? What makes this neighbor start accepting Bitcoin too? I expected you to say you are also accepting Bitcoin as payment and if anyone must follow your footsteps, the acceptance of Bitcoin must come with benefits, enough to make someone want to copy you.

Sorry OP, I'm going pass on this story, it makes no sense.
1118  Economy / Economics / Re: SEC is in Action After Suing Binance, Here Comes Coinbase Exchange on: June 06, 2023, 03:54:59 PM
Now the Bitcoin price already hit $25K, it looks like SEC want to buy a cheap Bitcoin by suing many top popular exchanges.

I thought Coinbase already registered or regulated in US because AFAIK Coinbase is really strict and serve US territory citizens, but I've search and found out if they're not registered or regulated yet.

Coinbase, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Coinbase, Inc. is not registered or licensed with the U.S. Securities and Exchange Commission or the U.S. Commodity Futures Trading Commission.
It's going to be people's fault if Bitcoin goes lower because of this news, I know it's a fact and not a FUD but it shouldn't affect the market much, oh yes, I forget that every humans have different reactions, we are the reason why some news affects the market condition anyway.

I believe this is a good opportunity to buy some Bitcoin right now but if a bigger manipulation is already in play then this go even more bloodier in the coming days, I do hope not because it was a big fight for Bitcoin to get to 25k to 27k range in past months.

I still don't know why many people rely and trust centralized crypto exchanges more than having their bitcoin in their custodial wallets, a small bad news here and there, everyone is rushing to move their assets out of the exchange, it's a shame.

1119  Bitcoin / Bitcoin Discussion / Re: BTC holders, do not reveal your identity online on: June 06, 2023, 02:42:43 PM
People who possesses large amounts of money have to adopt extra security measures. They can't give themselves the luxury of being so careless over their physical integrity like a person who works for a minimum wage is routinely. Investments are needed on cameras, high walls, electric fences, alarms and even bodyguards. A millionaire should never be alone or solely accompanied by people he doesn't fully trust.

I think when we see murder cases like this, the problem goes beyond people around knowing you are a Bitcoin holder. It says much more about the negligence of the individual with his own safety. Because if it was solely an issue related to people knowing you are rich, nobody could be spotted as a rich person in the world without being harmed or damaged.
There are low key millionaires that are not really millionaires to the eye when you look at them, this is a matter of choice, some millionaires are not ready to appear as a millionaire, they are good at living like the rest of the average salary earners, but the majority want their names to be known, they want their names to be called as a millionaire,  so they acquire huge estate to live in and start living the life of a millionaire.

If I ever get to this stage in my life I am going full Andrew Tate, I will learn to kick asses which I am already, but not a pro yet, I will likely get a bodyguard but I like doing things alone, even bodyguards this days can bite their masters in the ass.
1120  Economy / Speculation / Re: SEC Lawsuit Against Binance Is Likely To Hit Bitcoin Price on: June 06, 2023, 01:03:53 PM
There is a simple solution to this, coinbase and Binance should go offline and leave the business, after some time they should go Dex full time, and they should be no information about the owners or developers available at all, the reason why the SEC or government can't kill Bitcoin is because there is no one to arrest or file a lawsuit against.

Centralized exchanges need to stop for once and for all, these SEC will be powerless and all decisions making will be left for people only. If killing the business is going to be a problem, they should get out of the United States and find a better place to run the business.

Buckle up guys, this will affect Bitcoin value, and believe me, it's going to be a good opportunity if you know how to take advantage of the situation, sit tight, and don't give up.
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