your "mom" is basically making an investment and that has nothing to do with bitcoin. it might as well be Stocks or something like that which she chooses to invest in! and this way of getting involved with bitcoin is not good at all. because first bitcoin is a currency which you should learn more about that part instead of just making an investment and looking for more profit. and second even if you invest and don't care about much else you should be an experienced trader to be able to make profit from a highly volatile market.
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for that to be true it needs to happen every week not happening 2 weeks then not happen for 4 weeks then another week and so on. and in reality that is what's happening and it has nothing to do with Fridays or any other day of the week.
generally the weekends are a bit slow but that is all. don't try to look for patterns that don't exist.
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throughout history nobody has ever said anything about anything if their personal benefits were not involved. when some one as big as Warren Buffet is bothering to waste his precious time to say something about bitcoin publicly then you have to read past that and see what the benefit of him talking about bitcoin is. otherwise he is not going to warn people out of the kindness of his heart, if he did he wouldn't have been this rich now.
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that is not that helpful, it is the general security information that you should already have when using a cryptocurrency regarding your private keys,... helpful thing would have been saying how to actually claim the forked coin! meaning a proper explanation of step 4. so far there is no source code for litecoin cash! there is no light client like bitcoin cash had for claiming the airdrop! and it is a shady project at best! Which Litecoin wallet is the best for this?
the best wallet is either Litecoin core (which is a full node) or Electrum-ltc (which is an SPV wallet). the best option is probably to keep LTC on an exchange which will credit you the airdrop (ltc cash)
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it is only "the best day" if you have only seen the past month and nothing more than that!
otherwise what you are currently seeing is simply the dead cat bounce of the altcoin market after a huge dump. and it is mostly the money that got out on top that is coming back to make a short term profit from this short term recovery. the real bull runs will probably start in a month or two where the pumps begin.
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ever since i saw his couple of tweets which was pretty suspicious and let to pumps of the altcoins he was advertising, i am convinced that he did all that for publicity.
and he made a lot of money from that publicity also. imagine a pump group that is so much bigger than someone unknown idiot on telegram with some sheep following him.
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Yes is true, bitcoins is coming back to form. As you can see today percentage change, bitcoins have moved up for about 10 percent and you can testify that something good is going to happen.
Bitcoin has been doing constant 10% up and downs since almost two days ago and it up almost 50% from the bottom at 6k. Nothing to do with Chinese New Year. Even the thought that an event from China where Bitcoin is banned 20 times a day would influence the price in a positive way is hilarious. The main reasons might be: a) Fud is over, especially SK banning BTCb) transactions are a lot faster and you can send now tx with 5sat/b c) development in the LN your reasons are valid but also it is just speculation like it has always been. people speculated there will be a drop becuase of Chinese new year and there was a drop because of it. then they speculated this drop will end and the money will come back to bitcoin after the New year thing and it did start to happen.
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I stopped using Bitcoin since late November. I do not transact in bitcoin, only in LTC or ETH.
in other words you replaced the decentralized currency with the copy of it (LTC) and a centralized token (ETH)! But I was watching today some videos trying to understand the lighting network better, and I came across this one - and the guy makes a point,
and you chose the most biased video you could find out there among a lot of good videos that are actually on top of search results! that lighting network has to be pre-funded with the money. And he makes a conclusion, that it is somehow related to banks. What do you guys think?
being pre-funded doesn't make it related to banks. having concerns regarding centralization of LN nodes and arguing about needing funds for a node to be a part of the network and things like that are valid arguments but using these arguments to just spread FUD like the video seems to be doing is just dumb.
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it is interesting that when someone says something negative about bitcoin, it keeps being quoted a lot of times for years but when someone says something positive about bitcoin it is quoted once or twice and then is forgotten.
so let me ask you one thing, would you have done anything different if for example Warren Buffet said bitcoin is the best thing that was invented in 1000 years?
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that is a lot of altcoins you are bagholding, i mean invested in and you say you are staying away from established coins with big fan base or whatever but you still have coins in your list like XRP, XMR, and even ETC! then also you have coins that are already pumped and there probably is no more profit left to make out of them like TRX. i think your list needs a serious cleaning up. probably drop at least 10 of them which you have less faith in their pumps.
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All the crypto world needs is an education to create better awareness and investments. What do you think are ways to go about it, apart from various conferences and meets.
you can never educate people by force! all the information that anybody needs in order to learn and educate themselves about cryptocurrencies is already out there easily accessible and for free. the only thing they have to do is "search for it" and spend some time reading what they found. but unfortunately people are more interested in quick profit and getting rich over night.
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lets get real here shall we? no altcoin is ever going to reach 1 mil unless the supply of it is something ridiculous like 1 with only 4 decimal places instead of 8!!
and big rises don't happen like this, out of nowhere and sudden unless they are pumps and pumps can not be this big. if it is a pump it will be smaller and you must dump before it reaches its max. if it is a real rise, then it will not be in one go. and each step of the way there will be a drop/correction and most people do sell before or in the corrections. which is the healthy and logical move to make because you take the profit out and you can always put it back in during the next rise.
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that is why i was warning everyone not to fall for the temporary green they are seeing. most of these greens were simple recoveries from the large dump that had happened before it and they were dead cat bounces. some altcoins started their pumps from that dip and recovery but these particular ones are the exceptions and exceptions don't make the rules.
the rules are, when altcoins are pumped they will be dumped and these dumps will be speed up by events like bitcoin drop. and after the initial dump there is a recovery which is also known as "bull traps" before the dump continues.
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Does anyone believe in Bitcoin Cash? Not a lot of conversations about Bitcoin Cash
what does "believe in" means? bitcoin cash is not something abstract or virtual, it does exist so i believe in it as for it having future (believe in its future), i have no hope for it because it is not doing anything special it just forked out of bitcoin and increased the block size. and with bitcoin having its capacity increased with SegWit and then with the addition of lightning network which is unlimited capacity effectively, there is not going to be any room for bitcoin cash to have anything to say! as for believing in its pumps, i do believe in them strongly because the pumps have always been good and profitable but also i believe in the dump too so my belief only lasts a short time before the dumping starts.
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TAXES Original purchases can be made in Tether.
this is not a solution it is a disaster. because tether is not a good choice ever. first of all you said there is no "paper trail" but when you use crypto you just cut the bank, but you are still making a trade and it is registered somewhere! WARRANTY
for this you just have to change the rules of the contracts if you are worried about the volatility. for example lets say the car is worth $1000 today you get paid 0.125 BTC at bitcoin price of $8000 and tomorrow price of bitcoin goes to $100,000 and the contract simply says it will be the USD value taken from coinbase so you pay back 0.01 BTCeverything solved!
you see when you want to accept a new form of payment, everything will come down to the rules that the two parties agree about in the contract. you think ahead and set these rules and you both sign them.
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i don't find this specific to cryptocurrencies. there are a lot of people out there that are doing "day trading" stuff at home and not just cryptocurrencies, they are more active in Stock market and even Forex. saying things like "it is fun" and "it fills my day",... are just putting down the seriousness of this market. it is small and sometimes unpredictable but it is still a serious thing that many are doing as a real job to make a living. not just to have fun or have their skills sharp.
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The ban on anonymous transactions in Korea has made many trading floors difficult and forced to temporarily suspend transactions.
this doesn't make any sense to be honest! first of all transactions to and from exchanges (trading floors!) are not anonymous at all. as soon as you sign up on these exchanges specially if they are working with fiat deposit/withdrawals in addition to cryptocurrencies, your anonymity goes out the window. second you said they stopped working but they are still active as far as i can tell. and regulations have been happening for some time now.
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selling should only be done when the price is still high and you expect a big drop after your sale.
and that is one of the biggest problems with newbies investors in bitcoin, they always invest late and sell late too while trying to play at trading and failing to do it in a correct way. when the price is already down a lot and you missed your chance to sell then just don't bother anymore.
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I think it's safe to assume that most people don't read the whitepaper for the "safe" coins, like top 10, etc. actually majority of people don't give a shit about any of the whitepapers anymore because their goals are not to understand and participate in a new technology and be a part of a decentralized network. instead their goals are to make a lot of money out of some shitcoins that are rising (getting pumped) and reading whitepapers is a waste of time when that is your goal. if half of them change their mind and start looking at whitepapers, the code, and generally things that matter i assure you that the top 100 coins will be rearranged by a lot and be replaced by many other coins.
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some people only were confused about the amount of time it takes to reach their goals. otherwise nothing is dead, even the dream of easy riches and becoming rich by investing in bitcoin. the only thing that is different is that now more people know that it takes time to get there.
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