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June 23, 2024, 08:06:09 AM *
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141  Economy / Speculation / Re: Falseful speculations about bitcoin predictions and its halving on: April 30, 2024, 04:03:37 AM
I think what it is, is that many people heard on the news or some post or some friend that, crypto has to pump right after the halving because there will be less supply and they go and invest and are upset about not getting any immediate gains.

The halving just happened like 10 days ago, it will take a while to have an effect, it’ll take a few months at least. Plus bitcoin already pumped a lot due to the etf approval. We were at like $45K when it was approved and we peaked slightly over $70k. So you need to be patient before it hits a number like $100K.
142  Bitcoin / Bitcoin Discussion / Re: First Transaction on BitcoinMarket in 2010 on: April 30, 2024, 03:49:38 AM
Very strange that I never heard of this exchange. I assumed the first bitcoin exchange was called Liberty Bitcoin exchange. Didn’t release that it traded less than a penny. Probably this is as far back as we can go when it comes to pricing.

However the price started at $0.003 and rose slightly till it peaked at $0.05 however the line was completely flat. So I am assuming there was barely any trading going on. I wonder how the account deposits and withdraws worked. Maybe it was by PayPal because it would of been difficult to get fiat deposits back then.
143  Economy / Trading Discussion / Re: Is there strategy to make profit daily future trade on: April 28, 2024, 04:26:26 AM
No there are no guaranteed ways to make money by future trading. None of those signal groups or bots will help you. This is a tough game and it’s the reason why most traders lose.

Only way to get gauranteed money with futures is perhaps with a cash and carry trade. You buy BTC or ETH, and you sell it on the futures market at a premium, use the underlying as collateral so you don’t get liquidated. Then you wait till expiry and you are in profit. There is counter party risk here since you need to keep it on an exchange however.
144  Economy / Speculation / Re: Something is seriously wrong with bitcoin markets. No liquidity? Should we sell? on: April 28, 2024, 04:22:26 AM
You are getting liquidity and volatility mixed up. Price has been relatively flat for the past couple of weeks with a few dips and pumps but overall not much movement. When etfs entered the game, they provided more liquidity. Since there is more liquidity there should be less volatility.

When a markets liquidity is low, you get high volatility because there are less buyers and sellers In the market. One person can easily control the price of the asset as long as they own a large amount.

145  Bitcoin / Bitcoin Discussion / Re: I don't like the term "blockchain" on: April 28, 2024, 04:18:49 AM
I don’t think calling it a time chain would make much sense. Bitcoin blocks vary from either a few seconds to maybe an hour or two. The blocks should be an average of 10 minutes but with variance we know how it can take forever to get a confirmation you are waiting for.

Block chain is accurate because you have blocks right in front and behind one another and these are what keep the ledger secure. When the chain breaks you have a fork or an orphan block and visually it just makes much more sense rather than a time chain.
146  Alternate cryptocurrencies / Mining (Altcoins) / Re: Malware / trojans detected on: April 27, 2024, 09:34:32 PM
There is no way to know for sure. Almost all these executables are known to detect a virus or two whenever you go to virustotal.com

Even legit software produces false positives these days. Sometimes the virus definitions are too sensitive. But when it comes to any miner based software, don’t run it on your home computer. If you got a bunch of rigs with no personal info or private keys then run it on those.

147  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you restaking wBTC right now? on: April 27, 2024, 03:41:04 PM
I wouldn’t do any type of staking with BTC or WBTC with any of these programs or protocols because Bitcoin naturally is POW and doesn’t have a real staking program.

Those are all fake staking and it’ll be fine for a while but eventually there is going to be some bug discovered and you might lose all your funds.

With how high BTC can go naturally, it’s not worth risking it with all these WBTC programs.
148  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: April 27, 2024, 06:41:42 AM
I think most people would rather accept a stablecoin than an actually crypto coin like bitcoin or Ethereum. Many people would be scared to get paid in bitcoin if next week the coin can lose 10% of its value. But if they were paid in USDT then many would accept it most likely.

Right now I don’t think people fear tether being insolvent since they hold so much USD that they make billions in revenue just from the US treasuries they hold. They also reinvest their profits back into Bitcoin itself. So since there is no more tether fud many would be happy to accept it.
149  Bitcoin / Bitcoin Discussion / Re: Can a seed phrase on steel or titanium sheet survive this flood? on: April 27, 2024, 06:35:56 AM
It might survive but most likely with a flood like that it might get swept away and get lost. I think those plates are more for like house fires rather than massive floods. You also need to understand that steel will start to rust if it’s exposed to water. However it’ll need to be submerged for a long period of time for it to eat away the actual words.

If you are worried then just keep the backup in more than one place. This is generally good practice in case of some environmental catastrophes such as those listed above. You can also lose one backup and you will be glad you had another one in place.
150  Economy / Trading Discussion / Re: Best Exchanges Nowadays on: April 26, 2024, 04:31:39 AM
A lot has changed if your last exchange is Cryptsy. Back then you could made anonymous accounts on all exchanges and send coins back and forth with ease. These days almost all exchanges require KYC. You don’t really have any other options due to regulations.

At the end of 2022, Ftx was the largest exchange and it turned out to be a huge scam. So people started to trust dex more and stopped using cex. So there is a small learning curve but dex seems to be the future for crypto.
151  Economy / Economics / Re: Is Inflation Necessary on: April 26, 2024, 04:28:29 AM
When I was young I also found this odd. I also found it odd how every year the same food kept getting more and more expensive. And peoples wages would increase every year and the price of services would increase.

Why it happens is simple. Basically the government is in debt and needs to print money to pay for it and other things. Hence there is more money out there and eventually things get more and more expensive. It’s horrible for savers and doesn’t really benefit anyone.
152  Economy / Speculation / Re: Korean won tops US dollar and leads in crypto trading volume for Q1 on: April 26, 2024, 04:25:45 AM
I find this hard to believe. The Korean won is not traded on many exchanges and how can it have more trading volume than the US dollar, it doesn’t make sense at all.

I am just going to assume that on a Korean exchange their native currency has more trading volume than the US dollar, this I can believe.
153  Economy / Micro Earnings / Re: I miss Faucets on: April 25, 2024, 04:17:48 AM
I remember hearing about a website that gave you an entire bitcoin and all you had to do was just solve a captcha and it was sent to the wallet.

However bitcoin then was near worthless so nobody really bothered doing that. Later faucets in casinos were popular, especially dice sites.

You could get like 1000 sats and if you rolled the right numbers, you could make 100000 sats which was the min withdraw.
154  Other / Off-topic / Re: Microsoft doesn't seem to want to keep Windows secure unless you pay more for it on: April 25, 2024, 04:13:13 AM
It’s been a while since I used windows but isn’t it free these days. I remember last time I used it, I downloaded some iso from the Microsoft website and it for some reason never asked for a serial number or had some trial which expired.

I assumed it’s because if you use windows they basically sell your privacy to advertisers and that’s how they get their money back. They already force you to use a Microsoft account and they track your usage and sell that info for advertisers. Hence I stopped using it.
155  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's last message on: April 25, 2024, 04:09:00 AM
I think the reason he said that was because Bitcoin was gaining too much traction and eventually if he continued to he Public he would of slipped up and his identity might of been revealed.

It was off to a good start and he knew the other devs would continue the development of bitcoin, so he could part ways at the time. I remember when he was against Wikileaks using bitcoin as their payment processor because he knew they would get into hot water with the regulators.
156  Economy / Trading Discussion / Re: are there any de-centralized crypto exchanges out there ? on: April 24, 2024, 04:02:21 AM
Yes, almost every dex out there has API support. How do you think bots can market make on that particular exchange.

The issue is that usually the API info is buried somewhere on the website. If you go to Support or Help you should find the link somewhere there.

Keep in mind some are limited in instructions, you might have to figure out some parameters on your own. But each dex should have this.
157  Economy / Trading Discussion / Re: Need Advice for Cheap Swapping on ETH on: April 24, 2024, 03:59:35 AM
Another option for you, if you don’t want to use a CEX. Is to bridge to an L2 network like Arbitrium or Polygon or ZkSync. Right now the bridge fees are $3.50 according to etherscan.

Bridge there and do your swap, it will be crazy cheap. And then just bridge back if you want. No idea how much it costs to bridge back however. You will need to do your research.
158  Economy / Trading Discussion / Re: Trading Leverage on: April 24, 2024, 03:55:07 AM
Why do exchanges offer them? Because they get more in trading fees.

If someone has $100 and the exchange fee is 0.1% the exchange gets $0.10 for a trade. Since they need to exit the trade, eventually it’ll be another $0.10 bring the total to $0.20

But if they offer 100x leverage, instead of $0.20 in fees, they will get $20 in fees. They don’t care if the user makes money or not, as long as they get paid for their fees.
159  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining ORE tokens...Worth it? on: April 23, 2024, 04:08:45 AM
The dev is still working on relaunching the token. He needs help and looking for some devs. Who know how long it will take. Price is doing nothing but trading downwards because people don’t want to wait 2-3 months for it to get relaunched.

If you mined some just hold it and see how the relaunch goes. Hopefully they figure out a way to launch this token and not spam the Solana blockchain. Because people were upset how they couldn’t get their transaction in.
160  Bitcoin / Bitcoin Discussion / Re: With fees no longer compensating are some miners shuting down? on: April 23, 2024, 04:06:15 AM
You need to wait longer to see if miners are giving up. As soon as the halving block hit the runes network was launched and the fees sky rocketed. They went as high as 1500 sats/byte and now they are sitting at 200 sats. So even with the reduced block reward they are still making a lot of money from the fees.

And the next difficulty adjustment is 1.5% increase. So more miners were added to the network. When the fees come down to what they were before, we will check back then if the difficulty gets reduced. But right now nothing is happening.
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