Bitcoin's reputation gets a hit due to this kind of posts. Yes, trade should be free and without borders in an ideal world, but that doesn't mean we should allow any illegal activities. Having 50 of them "on stock" is certainly a red flag. Of course it does matter how you got in possession of them. Any sane and ethical person would not take the deal especially without proof of purchase. Moreover you're a newbie account. So for anyone interested in this deal, proceed carefuly or better not proceed at all.

Perhaps I'm not up to the news but I did a quick search on Google (a shallow one though) and it looks like El Salvador hasn't issued their Bitcoin bonds yet. They are still blocked by bureaucracy and politics as far I see. If they can manage to successfully market the bonds at these prices they would be well positioned for the next bull market. Well, that's not a sure thing of course, but yet 5x'ing their money when BTC gets to $100k would be quite a treat 


Aren't there payment processors out there who instantly change Bitcoin to fiat in the backend for a fee? I know at least one that offers a solution like this for ecommerce websites. This way businesses who do not want to stack up on Bitcoin can enable users pay using crypto and offset the volatility risk.

Opportunities present themselves everywhere if one has the right perspective. Historically buying Bitcoin after major dips has been a successful strategy, but yet, that doesn't necessarily mean it will still "work" in the future.

Emotions play a big factor in making investment decisions especially in today's environment when many are pressed by living expenses, rising inflation and overall political/economical instability. Most crypto veterans whether they are now broke or richer than ever, should have learnt to supress their emotions like FOMO and know how to navigate the omni-present FUD. Really guys, the key is being mindful and having an objective mind when it comes to investing.

Just a note here. BTC is not being "too nice", it is simply the reflection of market participants. Remember that an order book is made of buy and sell orders. If more people are willing to sell than they are to buy we go south and vice-versa. When it is an equilibrium we remain in a range

Exactly! I was extremely reluctant of participating in Celsius offerings. Realistically speaking such a public business with wide reach like Celsius offering 10-20% APY must raise some red flags. In traditional finance higher returns = higher risk. While that might be true in popular, widely advertised opportunities/businesses/assets, risk is subjective to the knowledge and experience of the individual.

I don't want to put straw on fire, but if people actually read the terms & conditions of Celsius, it was clearly stated that Celsius can/will lend your crypto to third parties. But let's be serious, how many retail "investors" actually read the T&Cs? That is why Celsius had a massive focus on their marketing game --> Offers upon offers, bonuses over bonuses just to put your money in there.

Let's break it down really simple, ok?

Bitcoin halving takes place --> block rewards halve --> miners' block rewards decrease (BTC nominated), but their total rewards is computed from both block rewards and fees

If the total mining rewards do not cover operational expenses they are likely to cease operations --> less miners on the market --> lower difficulty --> more efficient miners enter the market leading to increased difficulty afterwards

The concern is whether mining rewards will become so low that decentralization will be affected or there will be no miners left on the network. The second concern is offset by the above logic (difficulty adjusts itself). Regarding the first concern, thank God we have active Bitcoin communities around the world who support this network. Moreover big mining farms do not have any incentive to become so big that they damage the security of the network. What would Bitcoin be worth without its security features?

I'd say that the ~$12k level would definitely act as a good base for Bitcoin to bottom out. However there is always the black swan event. The instability in international politic relations is not doing any good to the economy and we all feel that. As far as I am concerned I'm not convinced that Russia won't release a military war on NATO in the next few months. Historically after economic and politic conflicts, military ones come.

But nevertheless I see the area around $12k to be a very strong support level that could act as a springboard for Bitcoin. The "big players" are surely watching that level as well so prepare to see serious volatility if we reach that target.

Well, you could argue that every moment in time has its unique conjunctures. As to my knowledge we never had a pandemic followed so closely by a break in political relations and a full-on economic war between the most powerful "empires" of the world. Yes, Bitcoin has never passed through this combination of events, BUT it has taken bigger hits and came back up like nothing happen.

From my perspective this is just another test for the allegedly best store-of-value asset the humanity ever had. We need to take into account that the big fortunes are made in recessions. The deep pockets know* how to play with the emotions of the crowds. Bitcoin's liquidity is still on the lower side and in combination with the high leverage used by many players (often retail) produces big dips in price.

It will take time for Bitcoin to become more resistant to the economic cycles, but Rome wasn't built in a day and good things take time. Zoom out if you're in doubt

Hello, icopress! Here is my application for the campaign. Please take into account that I was absent for a time from the forum as I had to focus on other areas of my life, but now I want to slowly return to my routine of contributing to the forum.

Username: ChrisPop
Current post count: 3946
BTC SegWit Address: bc1qhwu4wyau0g7s39julmrqhhepcl3s22v4t2l8nt

Premium review and suggestion spreadsheet #18

UI - I like the theme of the website - looks clean and spacious. Perhaps it symbolizes the purity of the mixed coins  
Personally I don't mind the animations someone on the thread was talking about, but I guess that's subjective.

Blog - it's good that you have informative blog posts that users can use to document themselves about the service. Probably it's good for the SEO as well, but being a rather new service might not be that visible at the moment on the search engines.

Process

For increased privacy I have decided to test the service using the onion address (TOR browser).
I had to wait around 3-4 minutes until I could access the website, but that's probably just a disadvantage of using TOR (exchanging time for privacy ). However after the connection has been established to the website I could navigate smoothly.

I like the transfer delay feature. I don't think the mixers I've used in the past enabled users to change that themselves. Cool addition!

I have received the coins after the preset time delay expired so there were no problems there. Really straight forward and intuitive experience overall.

Suggestion: I would really love to see a breakdown of the fees I had to pay on the last page for both network fee and service fee.

Hello,

I would like to apply for the review as well. I've had a couple of experiences with mixers before, but for testing purposes.

BTC address (Segwit): bc1qhwu4wyau0g7s39julmrqhhepcl3s22v4t2l8nt
Merit earned in the last 120 days: 1

$5000 with 1x leverage is essentially buying spot - so you're buying $5k worth of BTC.
$100 with 50x leverage = controlling a $5000 long/short position with only 100 bucks. The benefit is you can use the rest of the capital for other trades or endeavours. That's the beauty of leverage, but as you probably know it is a double-edged sword. A difference between buying spot and using leverage is that you are exposed to the funding and margin rate.

Keep in mind that you are going to pay extra fees when the engine liquidates you. As a tip - you can set a stop order just above/below the liquidation price so you don't get charged "for free". I can't think of any other difference atm.

Unfortunately we live in very fragile economic conditions we never seen before. Like the OP stated there is a combination of economic, medical and societal factors that is creating a lot of uncertainty in the air. However, we shouldn't hesitate to see the full part of the glass - the rapid advancement of technology is creating massive growth in productivity and unlocking even more opportunities for humanity.

An investor these days needs to weigh very carefully the growth and the risks to be successful. But this should be done in any environment anyway

I would disagree here. If you feel it, then it is as real as it gets. It is like saying thinking Idk angriness or happiness is not real. If what we perceive is not real, then what is?
Naturally people who are new to the crypto space feel more emotion when trading than experienced peers.  Fears minimize when they are faced - something that just a few of us do.

Just HODLing Bitcoin has proven to be a very profitable strategy so I don't see why newbies wouldn't start with that.

I only know 3 ways through which you can get an image of the security of a protocol:

1) See if any audits have been performed at what are their scope.
2) Check the settlement and asset layer on which the project is built.
3) Verify who has the privileges to change the code and what is the process. Is multi-sig deployed? Is the protocol controlled by a DAO?

extra: do your own diligence on the communities run by the project and the development activity. Developers won't cram up to develop products on a platform with weak/broken security.

Haha... yes, Bitcoin is indeed an intriguing asset that can generate immense wealth on the transition to a worldwide accepted store-of-value instrument. I still dream about that SF multi-planetary society where we use one single currency across the universe - the so called 'credits' or Bitcoin in our case

If there were a strategy that works just by inputting a few parameters everybody could use it, but trading is a much more complicated endeavour. I know it probably sounds like a clichee, but it really is up to you to make a strategy work. It is about starting with thesis and then optimizing it through many iterations. Notice what works and what doesn't, improve where possible - only use tools that bring your strategy value aka do not have indicators plotted on your chart just for the sake of looking complex.

The market is still full of altcoins with decent capitalizations that do not have a competitve advantage or present a rate of development that's higher than let's say the top 10-20 CMC.

In other words a lot of capital is placed into dormant, stagnating and/or copy-cat projects that DO NOT bring any value. When sell-offs happen you'll see money moving from those underperforming altcoins to more trusted cryptocurrencies - mainly Bitcoin which is by far the king of the crypto space.

I know you asked this a while ago, but I think your strategy is all wrong. You shouldn't look to invest in order to "help" your monthly expenses. Instead you should look invest to make a better future for you and maybe your family. When you're investing 3-4 figures you can't expect to make consistent returns that you can use to pay off your expenses. Nevertheless I cannot tell you how to manage your finances. Everyone is in a unique situation.

How you start in crypto? - First you should document yourself. Take some A-Z courses on the internet. You will find plenty of free resources. Then look at the graphs, returns, volatility and fundamentals of different cryptos. Once you did that you can start dipping your toes into investing, but make sure you don't blindly follow other people's opinions, but make investment decisions based on your own thought process.

It is no surprise that companies in the software industry are the biggest holders. They should be the first to acknowledge and understand the paradigm shift Bitcoin brings to the financial world. We no longer have to rely on governments/central banks to manage the economy. Nobody can meddle with the supply of Bitcoin and it is theoretically impossible to break the security of the blockchain.

Saylor is leading the way graciously. I'm sure much more big companies will follow suit this year.