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At some point that might be the case but I think bitcoin will remain volatile for a while.
The greatest thing that'll make it more stable will be time. After a few more runs it'll probably level off somewhere more stable and go up and down like currencies do. Things that hedge against inflation often don't strictly follow it as a hedge (some can do better short term and some can do better long term).
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Most places existed without regulations for quite a long time before they were actually brought in. It's interesting they're after regulating things people aren't reliant on (while leaving things they're not very unregulated - oil and food prices or are those "more stable" now).
Are these regulations also designed to act as a replacement to offering financial education in schools (because it might come off that way and I can't see another reason for wanting stability). The recent turmoil referred to in the article is the current bear market, which is present in every speculative market, even stocks.
They're present in every market afaik. European stock markets (which aren't considered speculative) often have a few good years, a few bad years and a few years fairly neutral (or at least used to). |
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I think you're best working out of you can spot short term strategies/patterns by looking at the market's price action and seeing what patterns it produces.
Indicators are good for determining whether your expectations are going to be supported but I don't think they should be used on their own as they will make trading less acurrate and drop your chances of success.
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I think if you don't get many inbound only connections it means that somewhere is able to handle them faster?
It looks like you've communicated with them anyway so you might be sending and receiving information on things like the mempool to/from them (I'd say blocks but it doesn't look like a block has been received yet unless they are that small).
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The news does well to draw in new people every time we're near a block halving (either by people getting excited about the halving or because the price has grown well).
A lot of returners probably sit on the sidelines to watch, wait and probably buy and hold a bit. With each halving comes new news about the inflation in bitcoin being reduced and by the next halving it'll be lower than most if not all fiat currencies.
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I used "spookyswap" for this I think.
Back when fees were a lot higher and it was $80-$120 for a metamask trade, I'd bridge my eth across to a different chain (it did it automatically in metamask after asking permission) and paid a bridge fee of $20 both there and back.
The transaction was still unnecessarily expensive, but cheaper.
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Yeah, I captured its peer information: {
"minfeefilter": 0.00000000,
"bytessent_per_msg": {
},
"bytesrecv_per_msg": {
},
"connection_type": "inbound"
}
It is an inbound peer, which has sent and received exactly zero bytes, and has downloaded no block height at all. It also advertises literally no services (see service bitmask above) and has relaytxes set to false. And it is connecting using a nonstandard port. Could be a zombie node? If so, I'd like to ban such nodes as they are just clogging the network for everyone. Not sure if there's much reason to block if it hasn't sent or received anything. The bit I cut off the code tag looks a lot like default values too. Realistically, the version message they give you can be adapted to whatever they want for the information they need so there could be a chance there's a node behind it - or it could just be someone testing out code.
Unless your node starts sending data to them (and theirs would have to request if) you're probably fine leaving it to be dumped by your node (it won't be connected to - often and will probably be dropped - because it doesn't have a blockchain/competing height). |
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The lost coin constant is going to be a hard one to get a good estimate for and also a thing I think is a bit impractical.
I'd hope an inflation that barely touches the monetary supply over a long enough period of years while compensating miners enough for their work is reachable. I don't think unstable rewards in bitcoin would deter people from mining too much if the fees either occasionally paid well or were fairly consistent (it might be taken on quite a bit as a hobby or by companies that need to keep it secure to enable their business by that time).
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There's probably a thing of it not being considered too useful as it's just a name used to identify what nodes are connecting to where (they can then check if they share a blockchain and if there are new blocks to be discovered if so).
Did you manage to get any additional information out of the client to see where it was at (eg its block height - there might be more information on it in your debug log I'm not too sure)
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Apart from that, I can't see anymore place. Only in service discussion would be the best idea to stay with.
A lot of the time beginners and help might be a good board for this too (mostly for ease of being findable)...
I don't think it's going to happen, but would be nice to have.
I'm guessing it's an idea that hasn't been taken seriously because: A lot of this type of post is done in the services announcement/discussion thread (if there is an active one) and on a separate te board like reputation. The other reason this hasn't been done much is because you could run into a lot of problems with doing it. A board like that could get really busy at times with new threads and accusations and would mean searches are still required (which could already be done on the current reputation/scam accusations board). I'd like the idea of something like that if it could be implemented but I think it'd get too big and too cluttered too fast. |
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I guess mine's meta and I wasn't expecting that (I say guess because a lot of the bitcoin boards that are used for similar things would be higher if put together - electrum&tech support).
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CBDCs might not be a good alternative though. They could mean money can be hastily printed by international corporations and cause a lot of damage to an economy or have the same situation where money can't be printed fast enough to meet demand (or people selling their CBDC for physical cash because it's what they trust and ending up with the similar problem).
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Are you trying to trade on spot or futures?
If you're trading on futures, you'll have to account for a funding rate.
Making a lot of trades with a 1% profit and an OK win rate is often the way people go in the space afaik. You can't lose too much if your strategy goes bad for a bit and people get nervous when they start to increase their risk (and sometimes rightfully so).
The issue with a lot of strategies is they're good until they're not, and you have to work out when that'll be. Also if you want to be more successful, look at how these strategies have been built and try to rationalise them to see if there's a cause for how they're able to be successful.
Trading "by eye" or without proper automation might also be a bit tedious and boring too - it's not the timeframe you can set and forget with (or set and come back in a few hours).
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So what's the problem?
Are you sure it's a json file too? Some places might download backup files as json.aes or aes.json (which are json files encrypted with your password - didnyou input one?). If it did autodownload without making you set a password, I'm not sure I'd trust the wallet/website you're using.
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How long can you hold it in an investment for? If its money you don't need then it's better to invest then not but if you don't have much in assets you might be able to invest it elsewhere and get a more stable return (as crypto is still emerging imo).
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It is obviously useful to have leaders of varying viewpoints in each aspect of government (as well as different viewpoints in different countries/cultures) for this reason.
In a lot of cases, laws should be passed when there is no reasonable/logical objection to it - because then it shouldn't cause problems and people can act based on "common sense".
The main problem with most elected people and leaders is that they're just after power and fame a lot of the time and don't believe in things that don't match their own (bad) agendas. Imo the fact there are multiple democratic systems makes all of them stronger already (the rejection of dictatorships seen in Russia and China might also do that too).
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There's no reason kyc data should be stored online, there's no reason most personal records should be stored online either.
If you have a central library of all the information stored in ways they can't be easily exported (such as: paper or microfiche) by people who don't care about the privacy of the data they need to protect then they'll find it time consuming to export and publicise even a few records (and will probably be easier to find).
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It was probably expected by has been delayed by quite a bit imo.
Most currencies have ended up being devalued against the dollar as the dollar has higher inflation than them (based off estimates) so something like this was going to happen soon (just markets pressing back in their natural directions).
It's a good reminder to not hold too much fiat unless you need to, a few years ago $1.50=€1.24=£1, now both currencies have dropped compared with the dollar.
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besides some other misc question .. is it best to use bitcoind as opposed to the client .. i feel so newbie lol or it could be the headache ....
It might depend on what you feel more comfortable with as the gui client command line offers suggestions as you type (or used to) which might be helpful for you to learn new commands.
There's no distinction in bitcoin between sending something to your own wallet address and sending something externally. Every address and private key are generated in a unique manner so they are harder to identify. |
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The cost of printing fiat money uses less resources than bitcoin mining (unless it's $14000 in 1 cent coins, then crypto mining uses less resources).
That money spent on mining the coin though is securing the chain and does well to ensure no counterfeit bitcoin can be introduced - I'd imagine the same system added to paper money would be a lot more expensive.
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