We are the small fish now, we cannot even expect and understand the magnitude of the next big bitcoin bull run. Big names and big guys are leading the show now. Holding the keys to our treasure becomes an everyday endeavor. Try to think about a strategy, stay humble and don't play with the professionals or you will get rekt.
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Imagine the (monster) pump when they start hyping corn again. This is not a pump for ants. This is actually not our pump. This is our financial enemies' pump: they want us to sell our coins on the exchanges because they need moar. Don't sell. HOLDRemember how stupid the human brain is: people remember the bitcoin pump in 2017 they saw it then crashed and that is all that they remember. Don't sell. HOLDThe big guys are mostly trading OTC since a while now, we don't even see those volumes (MicroStrategy, Grayscale and family don't buy on coinbase or gemini). Don't sell. HOLDI know it's tempting, I know for some who have more than 10BTC it feels great to take some deserved profit but I am openly talking to those who made it through times and who see the big picture (even if their stash is small). Don't sell. HOLDI shouldn't be using negatives, hence the substitutions while I was writing! HOLDGo orange friend go!
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I had a pretty nice bet yesterday even though Malta and Faroe didn't do me the favor by scoring one more... Big game for my team (Greece) tonight vs Slovenia - I feel we will win this in the end but it's definitely not going to be easy, based on our poor performances... Haven't decided on a bet yet but I am tempted to HT X. I "smell" goals in: Belgium vs Denmark, Austria vs Norway, Czech Republic vs Slovakia Well done man! That's a super good betslip (which sportsbook/platform is it?) I suggest you try your luck in the Betnomi Top Leagues Predictor thread in Games and Rounds (guess 15/15 games for a whole bitcoin) https://bitcointalk.org/index.php?topic=5290108.0Since you "smell" goals quite well it might be good to follow your nose On a different note what a gobsmacking win by Spain against Germany! 6-0!
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Now, that's some stimulating news. Exchanges and third-parties have always been the biggest single-point-of-failure of the vast crypto environment. I don't want to name which exchanges I believe could soon be in trouble, but by doing some research it can easily be understood which are the next in line. The bitcoin game is becoming way too big
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Tether is doing well in its role as a stable coin backed by money in the bank. Tether is centralized and accountable to the company and the bank, which is really good because it holds good value. If there are many decentralized stable coins, they may not be good because of the complex pricing and the impact of market fluctuations.
Tether is a ticking time bomb for two main reasons: first of all, the USD reserves they claim to have might not be exactly the amount they say and, secondly, they are under the radar of the US Justice. https://cryptonews.com/exclusives/imagine-regulators-shutting-tether-down-what-happens-to-bitc-8025.htmTherefore, the more decentralized stablecoin alternatives in our basket, the better.
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There are three mining pools which have started to signal support for Taproot/Schnorr activation. Poolin, Slush, and BTC.com. BTC.com? Isn't that Roger Ver's pool? Tracker, https://taprootactivation.com/That's a small start: currently, those three pools contribute an overall of 25% of global hashing power. By the way, BTC.com is from Bitmain. It's interesting to notice the already very different approaches of the first three pools signaling the upgrade: - Poolin - BIP9 (the same BIP for SegWit that went through tough times where the upgrade need to be activated before a specific time reaching a set threshold)
- Slush Pool - BIP8 (UASF that would also activate the upgrade at a specific future date or block height no matter the threshold reached)
- BTC.com - BIP8 + BIP9
Let's see when other pools join the party.
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Just a reminder from my side to keep working on the KYC/no-KYC box. I saw some reviews still lack that box I know you are very busy with reviews and promos (which we all appreciate) but that little part of the review is important to many gosuers. Merci!
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They have to pay 1 BTC to me not the other way round.
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That's a nice downtrend that clearly shows that an increasing number of people (and companies) understand how important it is to store their own keys. 2.355 million coins being held currently at exchanges around the world is a huge number still. Repeating myself here: one day, when the supply shock will hit, people will realize there are enough coins for everyone. Keep stacking sats.
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Being a true athlete, despite his age (35 years old), Cristiano Ronaldo has a long way to go before he ends his career. I don't remember if it ever happened that a player was valued so high at that age (€ 60M). Surely, his goal with Juventus was (and still is) to win the UEFA Champions League but I guess now he is ready to go for a better paycheck at PSG (his contract with bianconeri ends in June 2022).
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At this point grayscale is not using bitcoin as a cash reserve but more like an investment. It shows the world that they are not afraid of buying at 16k neither, when they first bought it at 10k people were saying "of course they would, it went up 50%+ so they made a good decision to buy early" but these guys are buying even at the 3 year all time high as well, ever since early 2018 we haven't seen anything above 15k ever and right now we are at 16k and they are still buying as much as they can.
I think it's both: investment (read insurance policy against a stock market crash) and reserve asset (the same that gold is for central banks). If bitcoin keeps the promise it will become the asset of choice for companies to show their health status. Central banks' gold holdings represent the last resort asset if things go wrong, meaning that if countries start offloading their reserve, and don't replenish them means, something is happening. The same could easily happen for these Bitcoin Treasuries. We will see.
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I agree with most of all your remarks about Druckenmiller's position and the article in general. My only comment goes in this direction: we should never forget CoinDesk's audience: they have slowly made their way into the likes of WSJ, Business Insider, Forbes etc. I think they have a very clear agenda and we can expect more articles like this one. stomachgrowls, I see your point but Bitcoin is not about its community anymore. The kid is becoming a man too rapidly. cr1776 and DooMAD, you guys are always spot on
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"Your money - your way" (crypterium motto) yeah right? Unfortunately, you have probably entered the realm of source of funds as per their AML/KYC Policy https://crypterium.com/content/Crypterium_AMLKYC_policy.pdfIt's your right to be contacted to solve the matter and it's their duty to make those checks (if you read those policies it's all in there).
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What are we going to do when bankers speak about bitcoin better than the WOers? I saw even rockets and trains on banks' websites. The world is changing too fast for me.
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What I find truly astonishing is that we already have digital currencies: credit cards, bank wires, SWIFT payments they are all in digital form. We have 0s and 1s on a database somewhere that implies how much do we have. If they don't implement a blockchain-based CBDC nothing much will change really. They had to find some way to tackle bitcoin's humongous superiority and they came up with CBDC. On the topic of anonymity, I would never trust an anonymity voucher issued by a central bank.
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Just as expected. Some people didn't expect PayPal to perform well on their crypto sector because of the current lack of crypto deposits and withdrawals. This is just enough proof that people don't care about self-custody and self sovereignty, but mostly just the investment factor.
Yeah, and 98,7% of the people on Linux forums don't understand why people use windows, bitcoiners are always biased and they try to imagine that the whole world is running based on the same principles they are using in their daily life. Paypal managed to bring something new, a way to buy coins with ease, keep them safe for you, no need for wallets or other things, and no need for an extra account. I can't wait for their report next year's, they will have to publish some numbers, it's going to be pretty interesting to see how many coins they hold. Super true and I have to admit that I recognize myself in that category sometimes. If I am not able to grasp why people prefer convenience over the fact that they can be their own bank, that doesn't mean I am the one who's right. I am happy because I don't have to rely on PP for my everyday bitcoin life but let's leave that space to those who prefer it that way. The more the merrier.
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really amazing for me as first time too may low ticket holders won good prizes.
and this result will make you, even more, amaze because user with only one ticket can get the first prize In the end, any strategy will end up losing against pure luck. There was no comparison between the % of winning of the guy who got in second place and the one who effectively won. Good for him though, a nice and fair share of luck. Now I hope he will not end up losing everything in a stupid way.
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Adding his sonorous voice to the chorus of renowned investors talking about bitcoin recently, hedge fund manager Stanley Druckenmiller stated on a CNBC interview this week that he believed bitcoin could perform better than gold. “I own many, many more times gold than I own bitcoin, but frankly if the gold bet works, the bitcoin bet will probably work better because it’s thinner and more illiquid and has a lot more beta to it.“ This is worth diving into a bit, because the statement is good news for the industry, but it is not the bullish affirmation that it initially seems. This is not Druckenmiller saying that bitcoin has a better value proposition than gold, or that it has a harder cap or that decentralization is the way to go. No, this is Druckenmiller saying that bitcoin has more upside because of its market inefficiencies. Let that sink in: The very characteristics that many investors have cited as barriers to investment are what a renowned investor believes will award bitcoin a better performance. Source https://www.coindesk.com/druckenmiller-bitcoin-what-he-really-said
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Hi OP, welcome. About possible 51% attacks on Bitcoin, I suggest you listen to this 30 minutes interview with Andreas M. Antonopoulos. He covers most of the basics elegantly and in the end, you would know much more on the subject. If you are into learning bitcoin, Andreas is such a good resource available online EDIT: I forgot the interview link https://www.youtube.com/watch?v=7w-Q2GOZJSQ
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