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1201  Economy / Speculation / Re: Bitcoin - what price would you sell? on: January 05, 2023, 10:44:43 PM
I wouldn't sell at all. I don't see bitcoin in these terms of selling and buying. What I do is exchange assets for goods and services and the other way round. I don't need fiat money and I don't want to hold fiat money. Fiat is just a means to an end, so why not skip that means and go straight to an end?
I'll wait until I can get the house that I want for bitcoin, or a piece of land. I'll be happy to exchange it for things that I need at some point, and USD value will not matter to me because it will be a few times higher than it is now anyway.
1202  Economy / Speculation / Re: Is this the perfect indicator for long term investors on: January 04, 2023, 11:32:58 PM
Indicators aside, my gut instinct based on my investing experience also tells me that we have either hit bottom or are very close. My instinct may fail just as the indicators fail, but at the end of the day I think there is a consensus that we can't fall much further now, coupled with the fact that this year should have positive returns, if we look at what happened in 2019, 2015 and 2011.

I have the same feeling, although I had that feeling when we were at 30k, last year. My prediction was that there's a small chance that we'd go to 20k if things went really bearish, but best case scenario was to settle in the 30s for the second time and start another rally.
I stood by my prediction and kept buying at 30k, then 25, 20, until I ran out of money. On one hand, charts are showing that it was a bad prediction. On the other we couldn't have known that a scammer would be buying bitcoin to pump up the price of his scam token and one of the biggest exchanges was a fraud from the beginning. Therefore, in a normal world, where no black swan event happens, we should've bottomed at 20k, even 22k and at the current state should've bottomed at 15k, but the world is far from perfect.

I remember watching indicators a year ago and many were showing that the ultimate bottom for bitcoin in this cycle should be between 19k and 25k, which tells us that at 40-50k range none of those charts were taking into account the possibility of FTX being a scam. One of the indicators was the famous 200WMA that used to show bitcoin bottoms since 2012. This year it failed for the first time. It used to sit almost exactly at 20k. The unrealized loss chart has also been showing capitulation since July 2022, so before FTX.
Some people also followed the logarithmic growth curves, which bitcoin fell out of for the second time in history (first being the covid crash in 2020), so if that was a black swan event, we're currently in another one. Growth curves may not be a trader's tool, but they are great at showing abnormalities and according to them bitcoin wasn't doing this bad in the last 10 years.

It's almost impossible to predict the price of bitcoin. It's like a ship at sea during a storm, heading for an unknown land, and your job is to estimate how many people will survive the journey. All I can say this ship is robust, it can take it and there's a land waiting somewhere. How long it will take and how beat up it will be when it gets there? I'm ready to wait and find out Roll Eyes
1203  Other / Beginners & Help / Re: For those who are just getting started in crypto this 2023 on: January 04, 2023, 09:43:07 PM
Those who are brand new to this world must never start with any of the altcoins otherwise they will expose themselves to a whole lot of high risk situations that will result it lots of losses too. Just stick to bitcoin, learn how it works and how you should store bitcoin safely and how you should use it for transfer money.
Then if you liked this world you have to first study pump and dumps before getting started on altcoins!

It's one of the biggest mistakes newbies make. They come into the space, see all those projects listed by market cap and price and get confused. Like why is one project valued at billions but its price is in thousands of dollars and there's another almost as valuable project but its price is 10% of the other ones?
Also why is Tether so high on the list and it's priced so low. Why would I buy Bitcoin if it's so expensive compared to other projects? Maybe I'll invest in Tether?
Coinbase is paying me to make an account, so maybe it's the best exchange?
CZ from Binance says I'll lose money if I hold it on my computer so maybe I should let him keep it?

These are just a few of the questions I see newbies ask and I can tell you that it must feel like a death trap at first.

Long story short, buy bitcoin and hold it yourself!
1204  Other / Politics & Society / Re: OMG! Putin ready to negotiate?! on: January 03, 2023, 10:53:31 PM
Looks like they're going to be fighting until they run out of bullets.

Never will they run out of bullets, how possible will that be when both countries have allies that supply them with drones and other crazy weapons. The only way is to stop and negotiate that all.

It was a figure of speech, like saying that two guys will stop fighting once one of them loses conscience.
I'd say there's nothing to negotiate here. Russians have invaded, it didn't go well for them, they should leave and hope Ukrainians don't follow them through the border. That's where negotiations should start, so that the conflict ends at the border.
I'm sure you know how the WWII continued after the German defeat in Russia. Germans retreated and Soviets followed them to Berlin, killing, robbing and raping. Russians should negotiate for Ukrainians to stay in Ukraine when the war is over.
1205  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be banned or stopped by governments on: January 03, 2023, 09:12:17 PM
Every time I see someone ask this question I ask them a question back:
Show me one occasion where the whole world cooperated to stop something.
Even at times of world wars the world is divided, on drugs it's divided and it's divided on capital punishment and many other things.

Bitcoin will never be banned worldwide. It can be banned in some countries but it will be regulated in others. It's not a problem if you want to use it though. For instance weed is banned in my country and most people that I know have smoked, so bans aren't stopping anyone from anything.
1206  Other / Politics & Society / Re: OMG! Putin ready to negotiate?! on: January 02, 2023, 04:55:24 PM
The Ukrainian side claims to have killed 400 and wounded another 300 Russian soldiers in the recent HIMARS hit on their base in Makiivka. 4 warheads were used and the building was completely destroyed.

So, Putin said he's ready to negotiate but instead sent missiles to Kiev killing 4 people and Ukrainians are also ready to negotiate and to show their good will sent 400 Russians back in body bags. Looks like they're going to be fighting until they run out of bullets.
1207  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 02, 2023, 04:17:10 PM
I don't get the part about his server being hacked months ago. I'd take that as a warning that somebody is working on getting my coins and moved all of it even deeper into cold storage, probably to a hardware wallet.

his coins were on old legacy keys (before seeds were even a thing, before hardware wallets(seed based) were a thing)
he had backups EG (maybe)paper wallet and/or (most probably) usb drive of wallet.dat files

This comment is interesting.

https://mobile.twitter.com/vicariousdrama/status/1609925987453571073

If this is true he was using those addresses for donations. Was this a double spending issue? Did someone somehow attach another transaction to the existing one?
I have to say this is fare above my level, but somehow someone had to get access to his private key stored on that machine. I doubt it was really a cold wallet (paper/USB) He must've had it on one of his workstations.

If hacking cold wallets was possible like that someone would've got Satoshi's coins long ago.
1208  Bitcoin / Bitcoin Discussion / Re: Do you have 1 bitcoin? on: January 02, 2023, 04:10:42 PM
Yes, I do have 1 bitcoin and I see no risk in saying that. It's not like I'm admitting to doing something unlawful or painting a target on my back. Many people that I know earn over 15k US a year so it's not like they're all going to come at me thinking that I'm some kind of millionaire. It's not that hard to get 1 bitcoin these days in one of the first world countries. You just need a bit of self control and dedication.
1209  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 02, 2023, 04:01:42 PM
I don't get the part about his server being hacked months ago. I'd take that as a warning that somebody is working on getting my coins and moved all of it even deeper into cold storage, probably to a hardware wallet. I mean I already have mine on a hardware wallet but from the looks of it Luke had it all on his machine and thought that since they all connect to a routing server and the hacker couldn't get into them last time, they're safe.
It's easy to say now after the fact but wiping the server and reinstalling everything after the first hack might've been a good idea. Getting in touch with the ISP to change your IP within their network might help too. We're talking about 3 million in BTC, no amount of scrutiny is too much.
1210  Bitcoin / Bitcoin Discussion / Re: An BTC Assumption on: December 30, 2022, 05:13:05 PM
There's always an entry point, a vulnerability, an exploit.

Say you do follow all the safety advice. You have funds divided into a number of wallets, you hold everything offline, you have backups, you don't store your passwords anywhere... What was the vulnerability? Did you let someone into your house? Was the backup physically taken and uploaded by the attacker?
I hold a lot of BTC and most of it is at least 5 years old. I've never had anything stolen from me and I've never had any type of security breach, that said, my friend had ransomware on 2 of his computers. I know people who had USB stick trojans that they got by using public printers and stuff. I had that malware that changes your address when you copy-paste on one of my "online" computers.
Everything can be found and cleaned once you are aware that you could be infected and take certain measures to avoid spreading it to your cold storage.

What if I wake up one day and it's all gone? I'll lose 80% of my liquid funds. I won't be forced to beg, or live in a tent, but I'll lose the ability to buy expensive stuff and invest for many years, maybe forever. That's why I make sure I run a tight ship here ant there's security layers over layers. The only way I could lose it all is if blockchain itself was compromised, but that's something I have no control over.
1211  Economy / Gambling discussion / Re: Betting strategy question on: December 30, 2022, 04:50:10 PM
I would definitely take that bet, and I doubt anyone with a bare minimum gambling knowledge wouldn't.
Regardiing the best size I would keep it the same size disregarding how much more I will be paid out, because It Is a single bet event.

Exactly. You can expect at least a 1 roll out of 6 to be your number, but with the x12 payout you can technically miss 10 times and still win money. Usually in every game of chance your odds are much lower and it's much harder to make a profit. Like in typical dice you have to score each time with a 50% chance to make money. If you score every second bet you still lose. Here you can score 1 out of 10 with 16,5% chance and make money - it's pretty good.

1212  Other / Politics & Society / Re: Russia/Ukraine, Who is to blame? on: December 30, 2022, 04:25:06 PM
The US, EU, Russia, and Ukraine, think about who benefits most in this war. Who has the most profit is the mastermind of this war. Ukraine is the victim, so that we won't talk about them, the EU is in crisis and has the worst inflation in 40 years, Russia is mired in war, and its economy will take decades to recover and catch up with other powers. Finally the US, they are selling Ukraine billions of dollars of weapons, tons of gas, and oil to the EU at exorbitant prices, 4-5 times more expensive than the old price.

It's true that the US benefits the most, but are they really to blame for the war? I wouldn't say so.
The was was started by Putin and he could've ended it at any moment, but he was too proud and mislead by his generals who thought Ukraine was weak and they could launch a special forces assault on Kiev and take the parliament and presidential palace. Unfortunately the plan failed when their best soldiers were ambushed and wiped out by Ukrainians. There were many times to negotiate but Russians were to proud to take a step back and now that so much blood has been spilled it's much harder to reach consensus.

IMO it's great that NATO supplied Ukraine. What would you expect them to do? I hate bullies and Russia is a one of the biggest bullies in the world. Definitely the biggest one in Europe.
1213  Economy / Gambling / Re: Duckdice.io closed my account without any notification. on: December 29, 2022, 05:14:57 PM
Duckdice.io closed my account without any notice or rules violations.i deposite there much money and spent lots of my money there.i won some i lost some. but i was busy for a while and took break from gambling and when i came back i saw they closed  my account with more then $500,000 wager.i tried theire support but still no response from theire team.seems they dont have support center to sol any issue
Just follow the advises above and contact the forum representative of Duckdice.io in Bitcointalk because he is actively answering queries and issues here , the recent case about Bets had been resolved within a couple of weeks that you can check here https://bitcointalk.org/index.php?topic=5363603.120 means your issue will be settled as well after contacting Him directly instead of their support team.

There's more similar threads. A few days ago there was a thread active about someone having problems with duckdice.
https://bitcointalk.org/index.php?topic=5430960.0

It might be a good idea if you guys gathered in a group and devised a strategy. Maybe contacting the police and a lawyer if all other means of contacting them fail?
Definitely make sure you start a scam accusation thread and contact the casino here on the forum. With all the things around duckdice in the recent days, there should be some warning threads about them.

That said, I don't get why people hold so much money in casinos.
1214  Economy / Economics / Re: The fight over electric car batteries on: December 29, 2022, 04:57:48 PM
the decision becomes.. how much are you paying to move the vehicle
euro to pound for my math
€30k fuel car €46k ev car
£26.5 fuel car  £40.6k ev car (difference £14.1k)

i personally do not have a EV car. but i do have fun town touring on a EV bike
it costs me £0.10 to charge my EV bike to do 20miles (0.005 per mile)
any way. using numbers i know
fuel car is about £80 to do 300miles which is about £0.266 a mile
EV car is about £14 to do 300miles which is about to do £0.05 a mile

if doing 5500miles a year(15miles a day)
on a car for 4 years average(21,000miles)
fuel: £5600
ev: £1050

saving is on 4 year use £4550 or roughly 12 years and a couple months to break even with £14.1k
it only becomes economical if you are going to use that car to do 65,000 miles break even
or if the price changes again on fuel from the fuel base cost of my calculation of £1.45 a litre

I completely support electric bikes, especially that I had the pleasure to ride one that could easily allow me to go over 30km with partial support from the engine.
Pros of an EV bike:
Fine range, not many people go on bike trips that require more than 40km range in one go.
Great utility, allows you to go uphill for 15 min straight without going into cardiac arrest.
Cons:
Price, but they aren't that expensive.
Weight

With Electric cars IMHO there's much more cons.

The main problem in your calculation of 12 years is that the EV won't make it that long without a new battery. If after 8 years you have to add 5k EUR for a new battery the ROI gets much longer.


Some guy on the Chevy bolt forum said that it cost him $17K to replace the battery on his bolt back in 2018. Now the cost is slower to $19K according to repair pal.

Looking at MSRP values the 2018 bolt sold for $37.5K. Most likely for much less due to government incentives. So let’s say it sold for $35K.

Now a few years later, will you pay $20K for a new battery. Most likely the market value of a bolt is in the $20K range anyways. So the car becomes worthless when battery goes out.
This is exactly what I'm trying to point at. The same problem the Renault Zoe users have. The battery lasts up to 8 years or 160k Km.
you're paying 30k EUR for a car that's going to depreciate about 80% in value over the next 10 years and most likely is going to get scrapped after that because nobody will pay 10k+ to get a new battery for a car that's worth maybe 5k without it...

You're saying that because you drove it or you read on the manufacturer's website?  Wink
The company that provides transport for us, airport shuttles, events, stuff like that has had for years two Sx50 hybrids, I know for sure those have 4 drive modes and I know for sure it can start and drive in full electric. Now, and this is where it becomes funny if I would have owned one or I would have gone to the manufacturer's website I would have known there are 7 drives modes out of which 6 are for driving from zero and one adaptive mode, so how did you get the 3 out 4? You realize at this point that you criticizing this model with your current knowledge is quite silly, right?

So, that means you haven't driven one, haven't been driven in one and are trying to argue with me when I tell you that Electric mode is unavailable when the car is cold. I'm sure it's the way I say it is, but it seems we have to agree to disagree. I don't have one at hand to record you a video.

Quote
Probably far fewer than you expect, noise is nothing without torque Wink
It's design, speed, handling, and not the noise that sells that car!
"Probably" is a key word here.

Quote
No, you didn't! Don't you realize how biased you are when you compare the id4 with a far small car when looking at the price and then you say it's better to have more room and more space when comparing it with a larger model that is, surprise not that large at all? Common, seriously I expected you to be far more objective on this!


That's why I said you can compare ID.3 if you want. It's still much more expensive than the golf.

Quote
You stick to the arbitrary things while ignoring the main thing that started this discussion and as much as it pains me to admit here I have to agree with franky1, you obviously and purposely toss aside numbers, ignore the running cost, ignore the average distance travel ignore everything bar the starting price, and this is no way of comparing two cars when you don't have an unlimited budget while stressing the decision is aimed at for saving money!

Well, It doesn't pain me when I have to agree with someone.

Here's a running cost for you:

With current prices of 84 cents per kWh, charging the car to travel 100 kilometres would cost about €12.60, the paper said. And that makes electric cars, in many cases, more expensive to run than petrol ones.

https://www.dutchnews.nl/news/2022/12/tesla-owner-charges-car-by-linking-it-up-to-a-street-lamp/
1215  Economy / Gambling discussion / Re: What are the motives that drive you to gamble? on: December 29, 2022, 04:25:50 PM
I have no drive to gamble, not in the literal sense where you really feel the need to do it, cant go to bed because you forgot to place a bet or something of this sort.
What I do from time to time is bet on sports. It started when I used to hang out with a group of friends in high school and we'd all watch a match or a fight together and share a bet. It made watching games more exciting. When I got more money and spent less time with my mates I begun to do it alone.
My main motives are feeling the same excitement I did in the good old days and maybe making some money. The definition of fun, right?Cheesy
1216  Economy / Economics / Re: The fight over electric car batteries on: December 29, 2022, 12:03:53 AM
The ID.4 is not the equivalent of the Golf as it's larger than both the Golf Variant and Tiguan,
The smaller, ID.3 costs only 2k less in the cheapest version, so it doesn't really change much if you want to compare sizes. ID.3 costs 44k and it's almost exactly the same size as Golf. You could have the Arteon for 1k EUR more.

the Arteon is not luxury but a simple Passat CC,
At this time it's the closest thing to a limousine that VW offers. It's also made to be better equipped and more comfortable than the old CC.
I used it to compare with the golf and and an electric car of similar size from the same manufacturer. It's obviously better to pay for more space, better looks, some useful features, than throw the same money into a silent running mode from a battery.


Quote
with 400k registered Porsche cars in Germany and with 16% of the sales going into the luxury and premium Sedan and SUV sales I think there are enough buyers, there is a 4k bonus for over 40k and 9k for under, even at the consumer rates for kwh so no charging stations, electric versus gas still getting 8k before 100k km at current rates for both petrol and electricity in Germany for the models mentioned. Did I get them all?
So for cheap and used cars yes, gasoline is way cheaper, for a mid-size the cost will be recovered somewhere between 100k and 150k km and for luxury it starts making less sense in terms of $.
To be honest it doesn't even make sense for premium car users.

How many of these Porsche users are people who actually love the sound of the engine and would never sell their car to buy a new electric substitute? People who buy a car like that do it for various reasons, but being eco-friendly is not one of them.

So, according to you, it makes sense for that 16% people who buy luxury cars to switch to electric and throw some of their precious time out of the window. Electric cars are basically for people who drive up to an hour to work and back and then leave the car for charging in a warm garage. You need to drive 300km in negative temperature? Stay in line to the charger and then have a nap while the car is doing its thing, or carry a generator in the trunk.


Have you ever seen electric cars at an interstate? If yes  then you've probably seen them go below the speed limit, because that's what you have to do to get the mileage. Whatever the manufacturer tells you to be the maximum is at the average speed of 80km/h.

Quote
Well, right now you're the one defending the regular mail and thinking email won't catch on.

Here's the thing, you never know if the thing advertised as "better" ends up being the successor.
Electric engines are not the only ones in the race. They could win, but definitely not with the current batteries that they're using. Their cost, disposal, their fire hazard... those are issues, but the biggest ones are their capacity and lifetime. Check out how many electric cars without batteries you can find for sale, specially the cheap ones like Renaults. After 5 years their batteries hold very little charge and cost of replacing them is a third of the price of a new car.


All AMG hybrids have 4 start-up modes, you can safely drive with full electric in electric or start with comfort mode, but if you want the performance of course for god sake you need to turn the ICE on, it's a hybrid, it has a Biturbo V8 600hp+ engine, how can you get performance with the auxiliary in a hybrid?


You're saying it because you drove it, or read about it on the manufacturer's site?
There are 4 modes, but the "electric" is disabled until you warm up the car.
You can only start it in 3/4 modes and the electric becomes available after a while, so it doesn't allow you to drive straight out of the parking spot or your garage in electric mode.

The hybrid engine in this model is made only to satisfy the emission standards. It has no real purpose and most people won't even use it. It's a fine example of how fake the industry has become.
1217  Economy / Gambling discussion / Re: Responsible gambling on: December 28, 2022, 06:43:38 PM
I know about it and I don't think that I need it because I've never felt the drive to get back right away, or maybe never felt it to be strong enough to deposit again after a loss.
I usually have very little money to gamble and I try to divide it so that I can kill some time playing. Say I play poker and I know I only have $100 on my account. I'll try to bet low and if I come close to running out of money, I'll prepare myself mentally for that loss and think about the things I'll do when it happens. For me it's never a way to get rich. I don't try to save up for something and I don't bet money I cannot afford to lose. Most of my bets, e.g. sports, are so low that it doesn't really matter if I win or lose. A win will boost my confidence, make me feel good throughout a day, but if I lose it's not a problem. No boost, on that day, but no feeling down either.
1218  Other / Archival / Re: 2022 was the second worst year for Bitcoin on: December 28, 2022, 06:16:53 PM
The price action is the worst I've seen since I came here in 2015, especially that it's all done on low volume. In 2018 we've experienced those 50% crashes more than once and it always happened on very large volumes. You needed thousands of bitcoins to move the price. Often it was over 10k BTC traded on bigger exchanges. Now it's less than 1/3 of that volume which makes me think the price is manipulated. There's very little coins on exchanges, as a matter of fact we have the least bitcoins on exchanges in history, and when someone comes with a 100 BTC it means something, it moves the price even though in 2018 it wouldn't have achieved anything. Also, according to the latest news from blockchain analytics Alameda is dumping whatever they had left and putting it through mixers which coincides with SBF coming home. I think this guy is laundering coins and preparing to bail. One idiot managed to do so much to the market, It's unbelievable.
1219  Other / Beginners & Help / Re: How come people spend days here? on: December 27, 2022, 07:36:55 PM
Many people get paid for posting. It's not a lot of money, but for some of us it may be the reason to come back and keep being active each week but that's not the only thing that's going on here. For many weeks I've been without a signature, not getting paid, and I kept posting anyway. I'm sure that the forum would get less posts every month if there was no paid signatures, but the number of new users and people who spend time here would remain similar.

I feel like most of us are here out of habit and habits are hard to drop, especially when they aren't unhealthy but something that we take pleasure in.
1220  Economy / Economics / Re: The fight over electric car batteries on: December 27, 2022, 06:58:38 PM
The real problems of lithium batteries in cars have not been addressed here.
Here's my list
1.  Expensive compared to just about every other car.

It depends a lot on the model, for the mini-cars definitely, if you go for the middle segment starts to dwindle as a Peugeot 2008 is 37k vs 26k, but for others like the luxury or large SUV the differences in percentage becomes rather insignificant or it becomes cheaper, the standard electric Q8 e-ton is 2000 euros lower than the gasoline basic.

Most people don't spend 100k EUR on a car. 99% of users will want something cheaper, and cheap doesn't go with electric. For instance, one of the most popular cars in Europe VW Golf starts at 30k EUR, but it's electric crossover version, the ID.4 starts at 46k.

To give you a perspective, you're spending so much money to upgrade your Golf to silent running, that for the same money you could get a new Arteon, their most luxurious model, but with a traditional engine.
Is it worth going electric? Not yet, not at these prices.


Even without new policies or regulations, electric vehicle sales will account for half of private passenger car sales globally in 2035.
The electrification of personal transportation vehicles is accelerating in ways that even the most ardent proponents of the trend could not have dreamed of just a few years ago. In many countries, governors intended to accelerate this change. And I think the US government has taken proactive measures in this regard.
This is not limited to the US government or just because of the high demand. In addition to technical problems, there is a strategic war against other countries that monopolize these industries. American and European start-up companies specialized in developing new batteries for electric cars are engaged in a fierce war using two abundant and cheap materials, sodium and sulfur, which may help them limit China's dominance in this market and mitigate an expected crisis in the near future.

These are their predictions.

Remember how similar people were saying that Bitcoin would die and go to 0 back in 2013? The same people were predicting the Internet would never be big and people wouldn't need to have computers at home.

I'm far from believing them and these predictions about 50% new cars sold being electric cars are made only because most companies claim they will stop producing combustion engines by 2040 so you won't be able to buy a new car that burns fuel anymore.

People don't want this to happen though because in simplest terms electric cars suck.
Have you heard of those new Mercedes cars? Their new hybrid 63S doesn't allow you to start in electric mode, you first have to start the combustion engine and then switch to electric and its battery allows you to drive for less than 10km before you run out of power. It's a joke. Then they made fully electric cars where you have to pay a subscription to unlock full power. Without paying thousands of dollars each month you don't have access to the whole package. Is this what the electric progress brings us? Is that the future of the industry? If yes then it sucks for us - slaves.

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