As of now 1 BTC = 43 Tesla Shares and vice versa. Would you exchange your 1 Btc for 43 Tesla's? I mean Tesla Shares not Tesla cars Of course I wouldn't. Tesla is run by a simple man and depends greatly on this man. Say something was to happen to Musk. He could die in a plane crash or get cancer, you never know these days. One day you're alive the other you're not. What would happen to Tesla stock? What if Musk made some wrong decisions? What if he went insane? With Bitcoin you don't have these problems. It's independent.
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I also found where most major credit cards block transactions to bit coin exchanges.
So they're proving once again that your money doesn't belong to you and that they decide what you will be allowed to buy or not. This should be a warning to all of you Canadians that one day you may need your money to make a purchase and you will not be allowed to withdraw because too many people are withdrawing at the same time or the bank doesn't want you to buy other cars than electric ones all of a sudden, or you aren't vaccinated so you will not get the money until you take a shot first, or whatever. Try exchanging in person, using a DEX that accepts your local currency, maybe changing a bank would help? If not, use an ATM to get cash and then send money to an exchange at a post office. Ask around. maybe there are people trading face to face in your area. Just don't go alone and do it in a public place.
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If you ask which coin has the greatest potential then probably DOGE because it's cheap and is obviously following BTC in this bull market.
When it comes to big players I think that eventually scam coins like BSV and centralzied shitcoins like XRP will die and some of their marketcap will go to BTC, ETH and other coins with utility. Hard to say which ones but ETH has a lot of space to grow.
It's also possible that some DEFI coins will boom simply because many people don't know if they are or aren't going to be popular so they could buy some just in case.
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Remember. XRP is a coin that is centralized, the developer can easily manipulate the price because the most supply is held by the developer.
This is what I don't like about XRP and if SEC successfully brought down Ripple we will have one centralized coin out in the market and probably the biggest one, right now they are slipping while all the other coins are pumping their price is slipping and if the SEC will have the upper hand they can be out in the top 10. This was their weak point all along and I don't even remember how many times I told people not to touch XRP. They made themselves an easy target for governments and thought that if they decide to attack Bitcoin XRP will fill the gap as a centralized and easy to regulate crypto. The problem is that they thought they will profit from it and premined a lot of XRP, greedy bastards
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So probably with all regulations that will take most of the privacy away and make it a near-impossible task to avoid taxes, this ain't going to stop the bull run.
The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from. It's possible to avoid them just not the way people thought it would be. We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.
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resistance has just been made at $ 34600, and this will be the strongest resistance this week, if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.
A short selloff that gets bought up in a few hours is not a resistance. A resistance is usually understood as a level that does not get breached twice. If people sell at a level because they had their orders set that way, but the trend remains strong it's not yet a resistance. Just a random sell point. For some people a level that holds a price for a day can be a resistance but is it really?
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I've almost to the point that it becomes tedious to send or receive coins, because I have to triple check everything.
Same here. I used to be a bit careless but aside from some too low fees I haven't done anything serious. Now when BTC became so valuable whenever I have to transact I go over and over through every transaction: the address, the fee, the amount to be sent and so on. When it comes to passwords I don't have to make sure that I remember them because I had the same password for all my wallets in the last 5 years.
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After we hit 40 thousand I still think it's the best idea to HODL. I did that at 6 thousand and when we hit 20 I was telling people to continue. Now, if you need to celebrate go on spend some coins but nobody can predict where this FOMO stage will take us. In 2017 it took Bitcoin from below 10 thousand to 20. I hope you have a lot of free time and popcorn
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The governments don't want to give us a new system. They want to keep the old one going as long as they can so they can benefit from it. Even if they one day make a new one it will be based on total control. They will want something they can use against you if you one day decide you no longer want to be their slave
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Don't worry OP, life goes on. We miss many opportunities during our lives and we only get to learn about a few of them. The rest goes by unnoticed.
If I had medical bills I'd just leave some bitcoin as a reminder or a lucky charm. Since you were an early adopter you had a lot of them so selling 99% and leaving 1% wouldn't be a life and death thing for you and would probably change a lot in your life if you could have that additional 40 thousand dollars today.
If you weren't able to do it don't beat yourself over it. You were a part of it and met many new people thanks to it. You did not choose the best you could but also not the worst.
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Bitcoin crashed in 2020 because the stock market crashed at the same time. The difference was that stock market could be stopped from the outside when they close the session and bitcoin continues to trade 24/7.
I made some money trading in my early days but it's usually better to go long term. Buying and holding bitcoin is less risky than trading and can generate similar profits.
People who say that trading is better don't take into account that you can make 3 good trades and 1 bad trade and you'll be back at the same level as holders but they were at the same time making money somewhere else and you were wasting time reading charts.
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You have to ask yourself if you need the money now. You said you're a poor and disabled person so you probably could use some money.
If you have all you need and the money would by lying in a drawer somewhere waiting for unexpected expenses you could invest it.
Bitcoin is going to continue in this bull market for now but watch out for a possible reversal like a fall below 20 thousand dollars.
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Bitcoin's computing power is not wasted. Your understanding of what happens to hash power is simply wrong.
Please give me your definition of wasted computing power. For me if someone used a supercomputer to play Mario, that would be a waste.
What you're proposing is renting out computing power through cryptocurrency. There are already businesses that offer this for fiat. It's nothing new.
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One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
Is this really the only concern that you have? My concern would be that USDT is not backed. Even if they were backed my concern would be that they lied about being backed! This is a serious red flag that completely disqualifies USDT in my eyes. I know that many people here think that since tether people were doing fine for the last 2 years they will continue to be and keep printing money indefinitely but it doesn't work like this!
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Of course OP you are right.
Market crash can occur when there's a threat of war or an outside threat, or shutdown, political revolt, things like that. This doesn't mean the economy will stop functioning and money will lose value.
Money can lose value without any market crashes or government shutdowns. These things can occur along each other or separately.
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Nobody knows the future but you can't blame people for trying to predict it You know, there's that feeling of accomplishment when you can say I told you so! Personally I think that we're very early and this is going to be one hell of a rally. Don't risk money after reading this, but whether it happens this month or in 6 months, 40 thousand is around the corner. How do I know it? People always talk about the bubble very early on and then it doubles and it doubles again and those who were talking about it a week before buy... and then it pops for real.
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Any exchange should be instant. Maximum time anybody should wait is maybe 5 seconds to execute a trade, 24 hours to process deposit/withdrawal. The only things that can take longer are forks, account recovery, KYC and othere "management" issues.
If your requests are taking longer and the exchange has not notified you before about upcoming maintenance, it's probably a scam. Don't hold money on exchanges, especially small ones that need time to process deposits and withdrawals.
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Here are the last updates : They accused me to use a VPN which I accepted (but that again that wasn't written in the English ToS), and also that "the owner of this account is not the one whose personal details were used to sign up the account" which I contest, so I answered asking for more details i.e. what make them think I wouldn't be the owner, and giving them a BTC address for the withdrawal.
They are scamming you for sure. 32 thousand is a large amount of money. They saw your win and begun to look for any possible way to deny the win and I guess the only thing they could find was VPN so they hugged that little thing like a drowning man hugs a piece of wood. Make sure you are able to prove your deposit and your win and make a copy of their enfglish TOS where VPN is not mentioned and seek legal council.
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It used to be overpriced in 2018 but so was BCH and many other coins. ETH doesn't even compare to shitcoins who really were overpumped at that time like Lisk or GAME.
If you ask mm, it's not overpriced right now. If we look at the whole market ETH actually has some utility and it has a lot of cons based on its contract that wouldn't exist without it.
You look at its price and think it's too high compared to some other cheap coins, but many of those coins are not used at all and don't have any purpose but to be used for trading and despite that they are still worth something.
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Tether folks now they need plenty of money for legals. Damage already done, so pump for ....
Holy fck
And then they'll tell some of their wall street friends to short it and we'll get news from tether CEO saying on twitter sorry folks, we're insolvent. Then there will be a dump and he'll come back saying his account got hacked and people will buy again and then we'll hear that he really was insolvent needed time to flee the country. Are we backed? Yes we are... In a way... Partially... By our own stock
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