money is good, God said it in the Bible and Bitcoin isn't just money but a store of value. If one after getting money through Bitcoin related transaction decides not to develop himself, it does not apply to all and sundry, neither is it a problem with Bitcoin or its users as the decision was a personal one. The process of acquiring Bitcoin isn't a child's play and therefore can be said to be a deployed skill and should not account for laziness as not everyone has bitcoin. If you look thoroughly, then BITCOIN is just money, but like money, can it improve the world around, and humanity as a whole !?
I don’t think “good” and “BITCOIN” are the same thing, most likely the opposite.
Because of money, a person becomes weaker, he does not need to do something, to develop, because money will do it for him.
|
|
|
|
The banks have their roles in the control of finance but then there are limitations in the case of crypto. The wall street also has some degree of influence but there are limited influences since it has no central network. Hedge funds alongside the whales are the most influential class of people in the space as they have large funds to drive market prices to the roof and also the social media to leave prices crashing. well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
|
|
|
|
Since most of Bitcoin is mined in China and depends on China's energy, do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
China has for long colonised everything that has to do with Bitcoin and its mining. Apart from the fact that Satoshi Nakamoto is the founder of the tech it is still in their control as the major mining pool is theirs to control. |
|
|
|
Non-Fungible Tokens (NFTs) has been under the radar for the longest time, other than when cryptokitties jammed the Ethereum network.
The initial impression of NFTs is just a nice to have collectible, but if you look deep enough NFT can actually lead the industry a long way.
The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.
At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.
The new oil is now if NFT. Crypto space has never seized to invent loads of turns that leaves people wondering how it works and why. Imagine arts that used to be natural has now become digital and even more valued than the arts of natural architecture. I am stunned but still awesom as it is happening in my time. |
|
|
|
|
Binance coinnhas been the direct native token used within the binance ecosystem and of recent has kept the pace as representing what stands binance holds in the crypto industry. We can not over loook the impart of binance in the massive adoption of crypto and for all these I consider the price of binance token appreciation worth it
|
|
|
|
|
Purchase by Microstrategy is helping the bitcoinand blockchain space gain traction as these are institutions that are renowned in terms of financial dealings and also people consider them to be custodians of finances belonging to wealthy people. If they can see bitcoin as a store of value and means of exchange then i think they can keep the purchase going.
|
|
|
|
|
Don't sell btc yet! There seems not to be any strong resisitance holding a bullish movement, the price of BtC might hit 60k and even exceed it since its still on a price discovery trail. although a technical analysis will give prospective resistance point based on trend line but then do not give it up yet.
|
|
|
|
|
Those nodes cummulatively contribute to the decentralization and alos the digitization of the ledger system. Normally, these things were been done by one person or institution in the regular regional way of finance but looking at it from a decentralised system, it eliminates the need for trust and also the possibility of an easy hack. it is necessary to have all those nodes as they all help to make the network safer.
|
|
|
|
|
Central Bank digital currency is just a way of banks upgrading to a more digitized system but it still has the functionality of centralization which is something cryptocurrency seeks to neutralise. Now the question is, how can you compare a centralised system to a decentralized system just because they both exist in a digital space. you can not interchnage cryptocurrency with CBDC in any form.
|
|
|
|
The idea of forgeting bitcoin passwords and all of that just helps in reducing the total circulation, as that can be said to be a burn just as the guy whose girlsfriend threw away his harddrive containing a 7500 bitcoin. you never really can tell but all these acts of misplacement positively drives the price of bitcoin higher. Although, it isn't a good one for the owner but if he finlly can't get access to his bitcoin then there is definately nothing anyone can do excpet the iron monkey decides to help out. German-born programmer Stefan Thomas told the Times he forgot the password to IronKey, an secure flash drive has access to 7,002 Bitcoin - $220 million worth. IronKey gives users 10 guesses for their passwords before seizing its contents.
"I would just lay in bed and think about it," Thomas told the New York Times Nathaniel Popper. "Then I would go to the computer with some new strategy, and it wouldn't work, and I would be desperate again." quite surprised by this news because his Bitcoin trapped in his hardware wallet is very much. Don't underestimate your private key and password, if you haven't prepared the best place (easy to remember and reach) to store your private key and password then do it right now..
https://markets.businessinsider.com/currencies/news/programmer-locked-out-220-million-in-bitcoin-forgotten-password-2021-1-1029961378 |
|
|
|
|
BtC is trues above 54000 but it has a strong resistance at 54000 which will take it on a retest at the 52000 levels befor eanother breakout, from my technical window though, a fundametal influence can takke this analysis wrong but until then, if you happen to be a bitcoin trader and consider selling oof, you can sell of at 54000 and have a buy back at 52400 levels to give you some brief profits.
|
|
|
|
|
The blockchain technology has in no doubt being the best part of technological innovation. With the likes of Boeing deploying blockchain to its services and utilising the features in it shows that the tech has come to stay. I remember other tech giants eclining transactions that related to blockchain earlier in 2016 and now it has no bout become the best part of their operations. other large companies should also consider deploying the tech to enhance services and operations.
|
|
|
|
|
bitcoin has remained what it was and used to be. money in all aspects. I see bitcoin also as a store of value even if it doesnt seem that way to the globe but a few financial analyst have confirmed this as it is used to store value even as they do gold. bitcoin remains the most reliable money as of now.
|
|
|
|
|
Cryptocurrency has come to stay and Indian nation ahs a great role to play as they make up a significant percentage of the world's population. Therefore, they should create and enact laws that will further encourage crypto related activities as it will only put them in front as concerning things that relates to crypto.
|
|
|
|
I have actually seen people who come with the intent of making waves in certain places by but not through gutted acts like quitting cigarette. I must commend your efforts in getting this decision up until you can no longer bettle with it. kudos guy. Hey folks, I decided to quit smoking today and buy Bitcoin every Sunday. A pack of cigarettes I smoke is $10. It cost me $70 per week. So every Sunday, I will buy Bitcoin without checking if the price went up or down. Even if it goes to the moon, I will keep buying. I will edit this post frequently in the future. This Sunday I will start investing $70 in Bitcoin every Sunday. I will keep this doing as long as possible and let's see what is going to happen. I believe that at least I will invest in something that I believe, instead of wasting money on unhealthy cigarettes. Maybe some of you can do the same. Wish me luck  --- | Week | Date | Bitcoin Price | Amount Of Bitcoin | | 1 | 13.12.2020 | $19.176 | ฿0,003650 | | 2 | 20.12.2020 | $23.429 | ฿0,002987 | | 3 | 27.12.2020 | $27.483 | ฿0,002547 | | 4 | 03.01.2021 | $32.850 | ฿0,002130 | | 5 | 10.01.2021 | $39.820 | ฿0,001757 | | 6 | 17.01.2021 | $35.300 | ฿0,001983 |
Thank you all for your support guys. 1. Week I bought 0,003650 BTC. Even the last 2 days it was cheaper, I waited until Sunday to buy. Rules are rules. I edited my post and let's see what is going to happen.
Btw, to be honest, I couldn't stop smoking completely. But in 3 days I only smoked 5 cigarettes in total. I smoke cigarettes for 10 years. I quit smoking for 1 year before. So I can do it again. Probably I will not smoke more. I feel better now.
I followed Allen Carr's famous Easyway to Stop Smoking method to quit smoking before and in my opinion, it's the best way I have ever tried. I am sure it will work again. For smokers I can recommend this method.
edit: I converted € -> $ to evaluate easily. I invest $70 weekly. |
|
|
|
|
indeed bitcoin is a great invention that can save not just people and institutions but also life chances in terms of financial opportunities. I can imagine what it holds for people when they actually know what the future of bitcoin is. Bitcoin is actually a financial lifeboat.
|
|
|
|
I remeber stumbling into a website sometime in 2017, where you have a Barcode that just requires you to hover your cursor and then it comes out with some random private key and wallet address and then you save it as a paper wallet and you can actually use it to spend your bitcoin anytime you want, although, bitccoin was way below $3000 but the risk was lesser as such projects might be genuine but today, such will be a disaster as fraudsters have infiltrated all projects that creates avenue for easy useage of bitcoin. I do not advise anyone to use such these days as you might entirely loose your assets. The idea of generating Bitcoin address with some character or string of your choice instead of generating random string of characters is known as Vanity address which was first introduced by Vanitygen who produces address taking inputs from you and giving results on that basis.The amount of time required to find a given pattern depends on how complex the pattern is, the speed of the computer, whether it is using CPU or GPU, and if you get lucky. There are many mining pools who take fees from you for you desired Bitcoin addresses as they have more computing power dedicated to the network instead of individuals computing power It is a costly and time consuming process :  Average time taken to crack addressBut in recent time these type of scams has grown and hacker are fooling people by generating fake vanity address in name of big organisations and people to lure people to donate to that particular address as most of them don't remember full length of address as its mixture of lower and upper case and integers. A recent report states such scam Fake vanity address in name of Elon Musk and Spacex accused of
$2 million scamSo is it profitable for hackers and how much easy it is generate such vanity address? And its cannot be done by a single individual because it's require much processing power and other things.So what are your thoughts on this? |
|
|
|
|
Show Posts
