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Bitcointalk Username: Woodie
Blockparty Number: 47
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Satoshi said that: The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
He knows that the price will be volatile at the beggining. This fine detail from Satoshi hits different, knowing too well that is what's actual happening atm!! Btw at the moment markets aren't as active because many bought at a premium price and forced to hodl as price is in red on their books not until price climbs back up for them to break even or go for the profits..and this will only happen with new players to buy the cheap coins. Maybe we are wrong to think that Satoshi never had the thought that bitcoin was going to become very volatile and people were going to be able to make money from how the price of bitcoins changes easily.
With supply and demand at the center of everything, he definitely knew bitcoin would be volatile based on selling and buying that will always tilt the swing here and there and not forgetting bitcoin isn't pegged to anything will always have the characteristic of volatility written all over it. |
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As much as you want to be in and out of a trade as soon as possible, unfortunately the 1 minute time frame isn't for beginners based on the fact that its very noisy to the extent of it not following high time frame bias.. which means more likely to take you out of trades occasionally.
For a better winning rate, I would suggest you move to the 5min or 15min to clean out the noise and see yourself catch more winners and still be able to scalp on these timeframes without a problem.
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I know that Rodri is a defensive midfielder however he is playing closer to scoring goals this season. When we think his price as well I'm thinking of adding Rodri to my squad Not a bad asset to own, but with Pep in the driving seat, the cost of missing out on valuable points is high because this team is known for non stop rotations regardless of splendid performances by a player. to add Salah as well.
If you are going to have Salah and probably Erling Haaland, then you are likely going to have to compensate with some cheap midfield to work within your budget. |
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If you are going to compare the real estate industry to bitcoin and say bitcoin is way better for the poor then am not siding with you here!!
Think about it without any bias or shilling, most investment opportunities in real life can be financed with loans without having the actual money and make good profits at the end of it, unlike Bitcoin which needs you to have the money if you want to buy and hodl as its high risk and very few wiĺl finance such an undertaking...
So if we perform a reality check on this, bitcoin isn't really for the poor especially that the available resources are needed to take care of other agent needs like food, health, education etc which won't leave excess resources to be channeled towards BTC.
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I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet. I've seen this happen several times, which made me wonder why they don't choose to withdraw their winnings instead of storing them in their gambling site wallet. When it comes to social media, don't believe everything you see there..we have people are are paid to do that or rather play with funds from the gambling platform to try create that people of saying high rollers are welcome. Besides, people who play with real funds that they have worked for themselves usually hide such balances to avoid critics of all walks. I’d like to know everyone’s opinion on which way is better and which one do you practice in managing your funds on gambling sites.
Like you have pointed out,only leave funds on a gambling platform that you will be playing with in the shortrun and not using these platforms as a wallet which is risk especially knowing that these guys usually don't take the blame! |
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This legal battle keeps getting interesting.
Nn the first place why did SEC not only sue Binance but included CZ the proprietor himself in the lawsuit??? Thought Binance is an LLC which limits liability and the like and should protect CZ legally 🤔
Whatever is going on, hope this doesn't drag on for a long time as this has the potential to bring down the markets If Binance is thrown under the bus with this lawsuit...though a win means green markets to follow...
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As much as Elon is advocating for cleaner green energy from the crypto energy, this isn't only about bitcoin getting onboard but looking at the use of sustainable energy so that the next generation doesn't suffer because the damage to our environment is extensive.
And btw, this carbon emissions/sustainable energy fight is one sided...Elon Musk's EVs are the culprits for this knowing very well electricity generation has a Carbon footprint trail and with increased production and use of these vehicles means more damage done to our environment and the man needs to walk the talk.
Otherwise, Elon being the type that loves the controversy am pretty sure he will oblige to accept BTC payments with his companies.
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I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk. Great choice mate 👍  Just to reinforce the reason behind why many are opting you buy now is simply because BTC price forecasts says price expected to hit $100k + in the near future and others say price could rise as high as a million which makes current price of BTC discounted and everyone needs to be taking advantage of the price we seeing as it might "never" come this low especially with the BTC spot ETF in the pipeline and not forgetting the halving. Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.
A journey of a thousand miles starts with the first step, and that first step is buying any amount of btc and then hodl..good luck. |
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As much as bitcoin is the brain child of Satoshi, I don't think any developments of the coin are a solo decision, and whatever coin we have today has gone through a consensus that represents the majority and they too have a limit to how far they can go, because any big changes or a hard fork done on bitcoin means we could have something...probably an altcoin. All in all, bitcoin has never been perfect and along the way its had the opportunity to get some cosmetic upgrades that has made it better and Satoshi himself wouldn't be mad about them  - Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.
What are your thoughts?
People don't put their money where they can't make money and having bitcoin has a currency or store of value isn't fun anymore, people want more hence the cry for Bitcoin ETFs which is a platform to make more money and get bitcoins price going up as a by product...so it's not about being the OG of BTC, sometimes let's move with time. |
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Bounty Manager: Little Mouse
Platform: Gambling
Highest Payment (BTC or USD): $80
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Champions league continues being unpredictable after seeing clear favourites failing to get easy wins Inter Milan very disappointing... Galatasaray another disappointing match, only to force a draw from 2 goals down..they should have lost! Sevilla fair performance especially knowing that they aren't having a great run at the moment... United kind of shocked me especially that they managed to get 3 goals against Bayern..from their own backyard, guess Bayern is still trying to put their act together otherwise this should have been a 6-1 beating. |
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Prediction 2: $26,885
bech32 address: bc1q6pm0afcphvqp594fgna8u63gza37qkrm3wvf0s
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The thing about AI is that it uses information that is in the public domain, and if this trading strategy can be found easily on the internet means it doesn't work and am pretty sure most people are looking for such a holy grail of trading & why would someone put a working strategy out in the open when they can use this secret strategy to download money in silence ?? The fact that there is money on the line, I wouldn't trust a bot to do the trading on my behalf, I would feel safer if I was at the wheel!! |
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We all wish life was easier, but it's not so we've got to make do with what we have.
The degree you want, the career you want, and the business you dream to have won't come easy. I'm of the notion that life doesn't want you to succeed. If you run away from every obstacle then you will never achieve your goal. Life was never meant to be easy agreed, especially if we go by the theory of Natural Selection that says only the strong shall survive which is unfortunate for many...but then again the rules of survival when it comes to us humans seems to have changed as you can easily inherent wealth from family that can put you in a better position than you were..but if this isn't available to you work hard to give yourself a serving chance. I keep seeing forum members make complaints about not getting merits and all. It will be very hypocritical of me to say we shouldn't care about merit and ranking up, but your desire to rank up should lead you in the right direction. I don't get the connection between merit and life tbh because the merit system is quite complex as it goes to show which users are technical, informative, entertaining, belong to a clique etcetera unlike life which has a blueprint of what one needs to do to succeed... |
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Loan Amount: 400 USDT
Loan Purpose: Personal
Loan Repay Amount: 500 USDT (1st month $60 2nd month $60 3rd month $380)
Loan Duration: 12 weeks
Type of Collateral: None
TRC20 Address: TLHn9f9YcsxeDQQ95U614sL2H1izwKtaiJ
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Looking at the nature of the transaction , coins were sent with an overpaid transaction fee, but seeing f2pool refunded this fee does this mean this transaction cost Paxos zero satoshis or maybe some special deal was made and btw,what of the cost of energy consumed during the mining process is this not to be factored in??
I wonder how this transaction would have gone had a private miner mined this block with the ~$500k |
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I have been thinking and trying to analyze what is really causing the high cost of food in Nigeria, I came to realize that monopoly is the major factors, Nigeria government are the enablers. How can one person be the sole major distributor, government should welcome competition in the business sector, every business person should be allowed to produce.
When you talk of government involvement and how its handling the economy, you make this sound like the country is run as a socialist economy of which my research disagrees... And from my research I also found that Nigeria is built around a mixed economy which I found strange as this means there is so much government interference should we lean towards a free market economy in trying to stimulate supply to counter the high prices of commodities. Btw, Nigeria has been named to be among the fastest growing economy's today which means demand is very high and some business houses could be artificially limiting their supply in an effort to push price up, and if no one is putting an end to this bad practice then it's difficult to keep prices low...and monopoly being a problem boarders around the lack of capacity to compete with these big names hence entry barriers exist and this will remain as is because the small businesses/startups lack the capital to challenge the whales. |
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