Bitcoin Forum
May 23, 2024, 05:08:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 146 »
141  Economy / Speculation / Re: New ATH hit. Anyone, ever bought BTC, is now at profit. Welcome to fraternity... on: April 12, 2024, 09:15:37 AM
Right now, to be honest, what is happening in the market for Bitcoin's market price is quite exciting. Because no one really knows which direction its value will go. If I look at it on the graph,
it looks like there is an ascending triangle forming. I still don't have confirmation to see that his trend direction can suddenly change.
It's likely that we're going to see the price going up again but we got to remember that there's going to be a time that this will not be the case so be ready. Another thing I'd like to point out is that bitcoin is still volatile so make sure not to do things over the top, do it with grace and caution.
142  Economy / Speculation / Re: Bitcoin breaks 2021 ATH and hits $71k! on: April 12, 2024, 08:35:58 AM
I'd say getting used to this back and forth in price will help limit the expectations we have for this year's halving. Bitcoin has been in the $63-68k for the better part of last week but we are seeing improvement this week as at time of writing,it's at $70,904.00, not like we haven't seen this before but with the fact that there hasn't been any big whale actions recently, figures like this are small victories to be celebrated.
 Since we are very close to the halving period, I think we'd be seeing less of $60-69k, but more of progressive numbers so it's just a matter of time and patience.
What I just like to believe in this situation is that there's a possibility that these whales are still accumulating as much bitcoin as they can because they want to do something bigger than just doing their typical bitcoin dumps and such, at least that's what I believe in all of this. What I believe we can do though is to just wait for it, don't overdo the spending on bitcoin and other stuff so you can still buy when bitcoin suddenly dumps and don't overdo the selling of your bitcoins even if they're just a little, you might miss out on the potential amount of profit that you could've gotten if only you've waited a little bit longer. I don't expect bitcoin to suddenly go up or down when the halving starts, maybe in a week or two weeks after the halving we might be able to see something happen.
143  Economy / Economics / Re: Agent of Economic stimulant on: April 12, 2024, 07:54:41 AM
If we want to stimulate the economy into growth that would benefit the people of that country, I'm going to suggest something that could easily be done by a lot of country for a really long time but they refuse to do so because those at the position of power don't see the benefit of doing it and that is supporting the small business, the workers, and not forgiving the taxes of big corporation no matter how much they give out in these politicians war chests, those taxes that's being forgiven by tax exemptions that are being enjoyed by these big corporations could've been used to fund projects that would've benefited a lot of people in the public, imagine if the workers in your country are happy and content, you'd definitely see a lot of increase in productivity and with more productivity means that you're going to generate more revenue but those in power don't want that, they want people that need them so they dangle these measly stuff to make us work for dirt cheap wages.
144  Economy / Economics / Re: Brazil, Russia, India, China (The BRICs) on: April 12, 2024, 06:43:11 AM
Secondly, multi posting is against forum rules. Write all your posts as one and send when you're ready, if you're scared of losing what you have written before you're ready to post, preview it to store in your drafts.
Even if that's the case, people wouldn't care too much what the hell OP is yapping about, I haven't seen anyone here that's patient enough to read wall of texts and even if there's some people, they're probably using some sort of TLDR thing to make sure that they just read the points that matter and to summarize what most of those wall of texts are saying. I even doubt that this post is organic, no way that you'd put your thought into it and then you can't even do the proper arrangement of your post so it's easy to read, I did the due diligence of checking if it's AI generated, it's not but hey, I guess OP really has a lot of things on his mind that he wants to pour it all out without any planning how to put this into words.
145  Economy / Economics / Re: Some attributing factors to the high cost of petroleum products in Nigeria on: April 12, 2024, 05:57:08 AM
i'm not from nigeria, but the fuel problem is roughly the same as in my country. here, our government continues to ensure that fuel distribution and subsidies continue, because 52% of the industry in my country is msmes and you can imagine that if there were no fuel subsidies, what would happen is inflation. and to ensure that subsidies are not too high, so that they burden the state budget, our government is preparing a strategy by increasing domestic fuel production and increasing taxes for secondary sectors. with these various strategies, the government in our country can provide fuel subsidies and distribute them appropriately, and at the same time without burdening the state budget.
This problem is probably a rampant thing on most countries except for the oil countries like the Middle Eastern region, it's probably because these oil barons are creating artificial scarcity on oil by hoarding billions of barrels of these oil so they can artificially inflate the price and then when the price is so high, they're suddenly selling everything that they've hoarded, can't do anything about these oil barons though, they're the ones who got the money that they're able pay the people that needs to be paid so they can be protected. It's difficult to sustain fuel subsidy, they might be able to do it in a month or two but for a year, that's a big spending but that can only be done perfectly if the government officials won't be corrupt to pocket away the money or the differences. What we really need if we want to resolve the issue of high price of oil is if we go towards development of other renewable energy that would replace oil, it's definitely something that will make a difference and with less dependence on oil, it will naturally go down but in terms of that innovations, we're so far from that from ever happening.
146  Economy / Economics / Re: Play to earn model vs move to earn model. on: April 12, 2024, 04:54:38 AM
Most of these apps that offer this kind of earning model are too small and aren't worth much to be able to contribute to the economy in a big way, not to mention that most of the time, it's really difficult to earn in most of them, the only time that something like this model has ever been successful is when Axie Infinity boomed in popularity, that one was driven by too much hype investments that it lead to that point though. Maybe the only thing that these models can contribute to the economy is that it rewards individuals that are participating in the game a small amount of reward that they can then sell to get fiat or any other cryptocurrency and then they can use that money to spend on something thus making some contribution to the economic cycle of buying and selling products and services.
147  Economy / Economics / Re: Debt Management. on: April 12, 2024, 04:09:55 AM
The best debt management of all is to not have any debts at all, do what you can to live within your means, never go out of your way to spend more than you can afford, take for example eating out on a restaurant, you could probably just eat at home with homecooked meals, you're learning and improving a skill and you're spending less money. The only time that you should be borrowing money is when there's no interest and no due date involved in the loan or that there's a guaranteed money that will come and you were just out of money at that time, by all means do what you can to not get into debt or have a debt that will stay for a long time because it's a looming anxiety for you and you're never truly financial free if you still got a debt. Only time that a debt management is needed is if you've got a business.

Borrowing isn't inherently bad, but it's how we handle those borrowed funds that affect our financial well-being. Unexpected situations can arise, and sometimes borrowing seems like the only remaining option.
But it's your responsibility to return it according to what you agreed upon when it was lent to you, whether there's interest or when you should return or repay it. I know many people who are buried in debt because of wrong practices, thankfully I'm not like them. I'm angry at people like them that's why I don't lend money anymore because I'm the one who will suffer in the end if they don't pay back. They say, I thought it's more embarrassing to borrow, but it's more embarrassing to collect.
That depends on your financial status, if you're below the middle class or on the verge of poverty, you're probably better off not borrowing and trying your best to budget what you've got, it's also a bad idea to borrow or loan money when it will take you a long time before you can return it, you will destroy the connection you've got with the person or that you'd have a hard time making them trust you because you've borrowed from them and you didn't return it at the right time.
148  Economy / Gambling discussion / Re: Is it right to advice other people against gambling for personal reasons like?? on: April 12, 2024, 03:04:20 AM
Gambling decision is personal no matter how you advise people on gambling matter they will still end up doing what is in their mind, so if I may advise I will say that the best time to mediate in the in things regarding gambling is when you notice that a gambler is going extreme apart from such situation I don't think that mediation is needed.
Let's just say someone is earning through gambling, how possible do you think that it is possible to advise such person to make use of minimal funds to gamble, this is not possible, gamblers ate the wrong people to advise because we have different gamblers, the once that wants to win irrespective of the amount they have lost so far and those ones that are ready to to gamble to satisfy their gambling habit wether they are losing or not, people that fall within this category will never take advise from anyone because of their mindset.
That's why it's an advice, you don't force them to do anything, do you know that's how an advisor works? They tell you what they think is right to do and you're the one that will have to decide whether it's the right decision to do that advice so I think that there's nothing wrong with giving an advice because as you've said, the decision to gamble is personal no matter what advice you give but at the least you've given them a piece of your mind and a thing for them to consider even if the final verdict rests on their hands, there's nothing wrong with it, especially if the advice comes from an experience that would make it relatable but at the same time see the gravity of the result of that activity.
149  Economy / Economics / Re: Will inflation become big challenge for retired people after 10-20 years? on: April 12, 2024, 02:29:41 AM
If the rate of increase in retirement funds is increasing dependent to the inflation rate, it's possible that it won't be a problem to them plus there's also a lot of people right now that are on the age of retirement that's still on the politics which means that they could easily pass laws that would protect the elderly and make more benefits that would positively affect the older population. That's how I see this happening which is why it's never a worry to me that retirement people would get screwed over at their retirement years. I think that the real challenge in all of this is the fact that we still got no increase in wages that would make it so we don't have to wait for the retirement to enjoy life, it's really weird that we're too focused in retiring when there's the option that we should be able to live more while we're still working, I think a lot of us here are tired of surviving from paycheck to paycheck, maybe there's some time that we need to do some negotiations.
150  Economy / Economics / Re: When your Fiat currency fail, reboot and launch a new one -Zimbabwe ZiG on: April 11, 2024, 09:38:17 AM
That's not how it's going to work because if you still got the debts from your previous currency, it will carry over and most merchants and businesses would probably stop their trading relations with you because they're trading with you at a loss. It's also difficult to do a switch in currency because not all the money would be easily recalled and people are going to resist that big change. Maybe it might work in some countries but do it in a thriving one, you'll be guaranteed to see chaos.
151  Bitcoin / Legal / Re: Bitcoin Illegal in Nepal? on: April 11, 2024, 07:56:49 AM
The law of the land is decided by the governing country. So if Nepal has decided to criminalise crypto usage, it is illegal. So people who are trying to look away from the law and continue with the activity, would eventually be arrested by the law enforcement agencies.

Nepal was a monarchy until 2008. So they are expected to have strict rules on such cases. Unfortunate, but little we can do here.
We don't have to do anything anyway, Nepal isn't really considered as a population center so I'm not keen on what needs to be done with Nepal and as you've said, they need to be as strict as they can be, it's not like this criminalization of cryptocurrency trading is going to be a forever thing, in the next 5 or so years, I'm sure that changes will eventually happen, maybe 5 years is a little too early but I'm telling y'all, the potential money that you can get out of legalizing bitcoin is just far too tempting to avert your eyes away from it.
152  Bitcoin / Legal / Re: Largest DEX receives wells notice from the SEC on: April 11, 2024, 07:22:29 AM
Basically they're trying to eliminate DEXes and making them CEXes so the people that don't want to do KYC will have nowhere to run anymore because of this, I'm looking forward to the prices going down though, that's one thing that I think is a positive given how expensive it is to buy bitcoin right now, I'm welcoming any event that would lead bitcoin to dump in prices but overall this is still bad news for us I think, the anonymity and freedom that we're enjoying for a really long time seems to be thing that's slowly going away, I hope that in this case, the defendants would get the win though, let the DEXes live and they all should leave them alone.
153  Bitcoin / Bitcoin Discussion / Re: Craig Wright Satoshi Claim Case Update on: April 11, 2024, 06:00:06 AM
It was already proven that he is indeed not satoshi nakamoto so he has a lot of explaining to do. He will be in even worse trouble if the money he has accumulated came from illegal activities. I wouldn’t want to be in his shoes right now.
They're just trying to screw him even harder so the stain that's on his name sticks even more and would linger more than it should, they need to implicate that he did lie about a lot of his claims that he's the person behind the legendary user Satoshi Nakamoto, definitely not a bad idea if you ask me for the court and COPA to do that, that way, there's no way that they can make mistakes that Craig and his team might exploit to make the case against him a bit weaker thus having more chances of lighter sentencing. It's a good thing that this fiasco with Craig is almost over, I'm getting tired seeing this as headlines on crypto news, it's not a fun story to read and it topples over those that really need some attention, I hope that he does change as a person after this is all over, lying really won't get you so far, it's difficult to keep it up and once you're busted, it's difficult to get out of it.
154  Bitcoin / Bitcoin Discussion / Re: Has BTC really become more attractive than gold? on: April 11, 2024, 05:10:01 AM
~
Each person has their own beliefs, and it is clear that gold has had a very good reputation for thousands of years. It is recognized, owned, accumulated, and traded by hundreds of countries around the world. I also believe that at the present time, BTC is still too young to be compared to gold in terms of value in the economy. However, what we are seeing is a shift of many traditional investors to BTC. Young people also love BTC and they are the ones who will inherit their parents' wealth in a few decades. At that time, BTC may have matured when it is more widely accepted in the investment field.

Currently, gold is still the best reserve asset because its value is stable and increases gradually over time, and BTC is a more attractive investment asset due to its very large growth margin. I believe that although many investors still choose gold, they cannot ignore the profits that BTC can bring.
They can ignore the profits of BTC, if they didn't then we would've seen more people investing in bitcoin a long time ago and yes it's true that there's a shift in terms of investment, I can guarantee you that even young people that don't know about bitcoin would still probably choose a more typical investment tool and not bitcoin, bitcoin's popularity isn't that widespread as we'd like to think it is because we're surrounded with media and people that are into cryptocurrency that we're so in tuned to think that bitcoin's that famous, stepping outside of the box will definitely make you see that there's still a lot that bitcoin needs to do in terms of popularity.
155  Bitcoin / Bitcoin Discussion / Re: btc purchases on: April 11, 2024, 04:09:46 AM
Do you mean kyc? You can buy Bitcoins using decentralized exchanges where you don't require to give personal information or identity. here's a link to some well known decentralized exchanges
https://kycnot.me/
What exchange would you recommend though, I've seen EXch.x there and I'm not keen on using them given that they've got some issues if I recall? I think that a trustworthy exchange would be useful in this context besides just giving out the list, that way, OP can easily narrow it down. Another thing that OP can do that won't have to compromise his or her identity is if OP does P2P with escrow, a bit riskier at first but definitely the most useful and safest way, away from KYC to trade or buy bitcoins.
156  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin been inflitrated by global elite? on: April 11, 2024, 03:00:10 AM
Bitcoin is freedom money, anyone can invest no matter which social hierarchy you're from, you've got the right to buy it, the reason why you think that it's becoming like this is the infiltration of institutional investors which have been the fault of us retail investors anyway, we all wanted to make a profit and let bitcoin grow in value, it was supposed to be just the magic Internet money but we decided against it and we considered it an investment. I don't think that they have any power in the system anyway, if they try and manipulate the market, a lot of us already knows what to do and it's not like we're going down without a fight if they've invested a lot of money to buy more bitcoins, we can slowly accumulate our own bitcoins too and it's not like we're going to be losing a lot, those that are trading futures might lose but the hodlers won't fall easily, depending on how brave you are against sudden price crashes and the allure of panic selling, you probably won't worry about how these global elites are invested in bitcoin.
157  Bitcoin / Bitcoin Discussion / Re: Countdown to the 4th Bitcoin halving.. what should we expect? on: April 07, 2024, 08:50:16 AM
It’s a good thing. I am excited because this is how scarcity starts. The number of bitcoin mined keeps getting smaller and the one that is circulating keeps getting set around. As for price movement, don’t expect anything crazy. I’m not saying it can’t be crazy but don’t have the expectations because they could fail you. We’ve already seen an ATH and I’m not sure we’re going to see another ATH so soon. Even if we did, it won’t be so distant from what we have today.
Scarcity started a long time ago, the moment that it's written in the code that there's going to be only 21 million bitcoin, scarcity was already the decided feature that bitcoin contains. Don't let that excitement make you go crazy and not think logically, remember that this is the first time that bitcoin has reached it's new ATH before halving so we should expect a new situation happening when bitcoin reaches halving, I'm with the others that have responded about not expecting anything and that we should be flexible to whatever may happen next, it's a new thing for bitcoin so it's an unknown territory for us even if we believe that bitcoin will go up in the future and it will be it's only way, short-term price fluctuations and price dumps are going to affect us no matter how much of a diamond hand hodler you are.
158  Bitcoin / Bitcoin Discussion / Re: Bitcoin becoming Legal tender on: April 07, 2024, 08:10:20 AM
Lets see the way this year is going to be after the experience of the halving and the new all time high of bitcoin getting close to $200,000 then we may say that some countries may because of that make decisions on adopting bitcoin as a legal tender, just as we have it with El-Salvador and Central African Republic, there is likely we see more countries into this adoption as a legal tender before the year runs out, because bitcoin has been globally seen and recognized as a digital means of making payment.
It's not even that close to 100k and you're at 200k already? Wow! Let me in on what exchange you're getting those numbers because I really want to sell my bitcoins there. It's going to be difficult for bitcoin to even do that if you ask me, it's having a hard time going to 100k right now even though bitcoin ETFs are a success so how are you coming up with those numbers because that's not going to happen anytime soon for bitcoin. I don't know about you but CAR might not be enough in terms of adoption to push it to that level but I'm just speculating stuff, bitcoin always surprises us anyway so I guess, we can only wait and see.
159  Bitcoin / Bitcoin Discussion / Re: Do we really need to blame fraudsters on: April 07, 2024, 07:07:27 AM
(Now to be clear I'm not saying scammers are right or saints, I'm pointing to the fact that we are responsible for ourselves, so enough of that shitty excuse, yeah the Internet would be a safer place without scammers but there are here, so deal with it)
Don't hide behind that fact that we should be responsible for ourselves because that really don't matter if there are scammers out there and there's a lot of schemes that they can use to scam you and it's not like you know all of it so even if you're the most vigilant on the Internet, you're still not immune to scams. Maybe it's not right to blame the victims of this scams though, are you that heartless that you're focused on the wrong thing which is the goddamn scammer? There's no way that people like you are for real existing in real life and that you've got this mindset that you blurt out to other people, it's scary too that you've got this mindset and your group of friends that have the same mindset. Sure prevention is better than cure but wouldn't it be nice if we're able to eliminate scammers entirely, I know you're irritated at how dumb or stupid some people are when it comes to their security online but you have to remember that you're the smarter and bigger person, you're better off guiding them or giving them the warnings.
160  Bitcoin / Bitcoin Discussion / Re: Good bitcoin security starts with strong PC and mobile device security on: April 07, 2024, 06:30:45 AM
I don’t even have my wallet on my laptop because I believe that it is more easier to get hacked on a laptop than it is on a mobile device. This is because on mobile device, we spend more times with apps, and i am always certain about what app i have. But on windows, a malware can come from chrome, and that’s even where metamask and the average wallets gets connected. You may not know when you get redirected to the wrong site and won’t notice anything wrong, until someday when your balance is empty. Thought I have a software that protects my laptop really well, I don’t risk it.
I'm doing the same thing, but for me though, the risk is all similar anyway, if the hacker or whatever malicious entity is trying to attack you specifically, they'll always find a way to get to you and we can't anything about it. The phone that I use for my wallet for my bitcoin storage is pretty much split into different phones, I got one of those phones that have a second device feature, I haven't tried using that to store my bitcoins but I hope others here have tried this and would it be advisable to store it there. I also use Brave browser if you want to avoid accidentally downloading malwares when you're visiting websites, another thing that can help you if you don't want to unknowingly download malwares is to buy your subscriptions to anime, don't download stuff that's on those free anime streaming website and stop watching porn, this last one, you will prevent yourself from getting them malwares and you become a better person too in terms of how your brain is wired.
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 146 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!