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1401  Economy / Speculation / Re: What's reason for pumping btc price? on: January 24, 2021, 07:45:27 PM
The short answer for your question is demand. The more people looking for bitcoin, the more it's price will be jacked up. Normally supply is also going to be included in this which it is actually, but in a very weird way. You see, bitcoins are discovered, and whomever discovers it takes up a portion of the 21 million supply that will never be increased. Now miners here and there, made it harder for newbies to mine themselves, so they will buy instead, soon after, people opted to just buy because it is much easier and more convenient to buy $500 worth of bitcoin than to purchase a $2500 computer meant only for mining.
1402  Bitcoin / Bitcoin Discussion / Re: Let`s say bitcoin replaces fiat. What happens? on: January 23, 2021, 05:31:52 PM
Well one thing that I'm really looking forward to in terms of bitcoin being accepted is the world bring free from fossil fuel usage which greatly deteriorates our planet's integrity. With bitcoin, a coin that is not backed by oil, gold, or any non-renewable resource being more accepted than dollars, we would be able to take a chance at saving our planst and our children's lives.
1403  Bitcoin / Bitcoin Discussion / Re: Had you sold your Bitcoins ? on: January 23, 2021, 04:48:40 PM
Well a lot of people will be selling their crypto especially now that bitcoin's value is starting to drop. Avalanche effect so to speak which allows you to take the chance and withdraw some of your earnings. That being said, keep some in your wallet and remember to fund it up again to ensure that the ROI is still there. Otherwise there will come a time where you will inevitably lose your investment
Now most of the people not sell the bitcoin. People will be hold the bitcoins. Nowadays bitcoin prices increase everyday. That the reason for no one sell the coins. But some people wil be sold out the coin for some personal issues. Bitcoin is changing the most of the people life.
Not so sure about that when most people right now are already selling some of their investments. I'd say that at the very least, compared to the 2017 crash, people are more calm and collected this year.
1404  Economy / Gambling discussion / Re: Toronto women win jackpot lottery on: January 23, 2021, 04:04:06 PM
There's nl mathematical basis for the strategy thewoman used. In fact, you have more chances of your house being ravaged by an asteroid than you winning the lottery. So this is definitely some stroke of luck coupled with her perseverance, I honestly would've quit if I, was her a long time ago because there's no real payoff in getting a scratch ticket.
1405  Bitcoin / Bitcoin Discussion / Re: CSW Nonsense AGAIN on: January 23, 2021, 03:12:52 AM
This guy is the most annoying person there is in the planet I swear. He always does this when bitcoin is in a good spot and is nowhere to be found when bitcoin is in a tough spot. I honestly don't even know what he's gonna gain after claiming that he's Satoshi. He's just wasting his time, his money, his lawyer's efforts, and everybody's time doing all of his antics. It's sickening.
Is there any way to stop this BS of Craig Wright being Satoshi Nakamoto? Any good investigative work that can be done to find out who Satoshi Nakamoto is?

If I remember correctly, the white paper was first published on bitcoin.org. While the domain registration info might have been private, the registering company should have the info on who purchased the domain name. Same thing with the company that used to host that website. Someone must have paid using a credit card, and the credit card has a name.
Unfortunately Satoshi literally made himself anonymous in order to maintain his privacy. Even the Pseudonym he used which is Satoshi Nakamoto is the Japanese equivalent of someone being named Michael Smith in the US, it's common and just plain unassuming. So I'm already accepting of the fact that as long as bitcoin is there, CSW will continue to heckle around.
1406  Bitcoin / Bitcoin Discussion / Re: If bitcoin price had not crashed in 2018 on: January 23, 2021, 02:24:22 AM
One thing's for sure. If bitcoin hadn't crashed last 2018 the 40k we saw bitcoin hit last year will happen much sooner. But again, I'd side with all the people in this forum. There's no point to lamenting what has already transpired. If amything, the crashed allowed people to open their eyes on the wonders of cryptocurrency and gave them the chance to get in while the price is still not high. The more millionaires the merrier.
I don't think anyone knows the future price of bitcoin, whether it will go up or down and I am sure there are people who invest from 2017 or below, and I believe he is already a millionaire now.
Certain market trends will allow you to make an educated guess on what bitcoin's next price will be. Just because it is highly volatile doesn't mean it is impossible to price speculate as there are methods to do this.
1407  Economy / Gambling discussion / Re: Resetting seeds question on: January 23, 2021, 01:03:58 AM
Seeds are basically proof of randomness in a crypto dice game. It's there to give the players a sense of security that the site you are in is not making a fool out of you by showing that it is provably fair. Now in the case of resetting it. I guess it's just a formality to give the player a false sense of power because whether you change the seed or not wouldn't affect your odds at winning the game.
1408  Bitcoin / Bitcoin Discussion / Re: Good mobile wallet on: January 22, 2021, 09:09:48 PM
I'm seeing a lot of people using Mycelium as their go-to mobile wallet due to its security and user-friendly interface, plus it is also integrateable to hardware wallets which furthers your ease, of access in these wallets without risking your security in a way or another. Been using it since 2017 and so far I haven't experienced anything bad at all.
1409  Bitcoin / Bitcoin Discussion / Re: I was not wrong to bought bitcoin. on: January 21, 2021, 10:22:52 PM
It's not a mistake to buy established assets like bitcoin, you literally have no room for mistake with bitcoin. It's just a matter of timinf but even then you're sure to be rewarded as bitcoin is a HODLer's treasure. So once the price goes down, be sure to buy more, so you don't miss out on the next bull run which will prolly happen in the next four years or so, if not earlier than that.
You were not wrong as you got huge profit if you are still holding it and at the same time you need to keep yourself updated with market trend as it's still volatile and if you have a look at bitcoin chart for last one week there has been fluctuations but Bitcoin has dropped almost 25% from its ATH. Just don't do the mistake which many of us did in 2018 wherein we were waiting for bitcoin to reach $25k for cashout which didn't happen and we were into deep bearish market for next 3 years.
Basically time your buys and sells, that's all there is to it. Bitcoin may be as volatile as you can get from other cryptocurrency but you have this sense of security with bitcoin.
1410  Economy / Economics / Re: Biden do even bigger stimulus on: January 21, 2021, 09:28:23 PM
Yo, hyperinflation is imminent if the US kept on printing money and not paying debts, so bitcoin may not be affected, but countries who are dependent to America will be. And with this the world economy will be in shambles as USD is a major anchor of most currencies in the market. So you still would have tp worry.
1411  Economy / Economics / Re: Stinulus go big or go Home on: January 21, 2021, 08:49:12 PM
With the US still pretty much the anchor of most currencies in the east, you shouldn't be happy that they are in shambles right now. Regardless if you do not live in the US. Having that fact stated above, you will be affected in one way or another. So just hope and pray that this new administration does good or else we'll all be hecked.
i don't think we are yet seeing the effects of stimulus or even the crazy money printing policies in bitcoin or the economy as a whole. but it is happening if we look closely at prices that have started slowly going up and will be more evident as more things go up in price as the value of fiat drops.

one thing that we sometimes forget is that they didn't "print" that ridiculous amount of money which people said was more than the sum of all the money US has ever printed in its history. they "minted" it and that money slowly comes into circulation but it will enter eventually.
that is why i say we are in for at least a year or two of huge inflation rates soon.
This is what I fear of. US is slowly but surely approaching hyperinflation, it's not happening anytime soon, but once it does, there's no turning back. Might as well be more educated individually so your votes don't go to waste. And let's hope Biden leads America to a more desirable state than the current situation America is in.
1412  Economy / Gambling discussion / Re: No 2FA and robbed of 0.097BTC on: January 21, 2021, 07:27:20 PM
Well, Gabe being the owner and not the one who is directly partaking in the function of those below his hierarchy would have nothing else to do or say but that. Also, I don't realy want to put the blame on your end but with you activating 2FA, this could very much likely be avoided. People nowadays are becoming more and more clever with taking advantage of honest people like you so if you don't ride the times, you won't fare well in this industry.
1413  Economy / Economics / Re: Is there subject to study Cryptocurrency ? on: January 21, 2021, 06:45:00 AM
There are a lot of educational youtube videos out there that will give you a good idea as to how cryptocurrency works and it's technology, plus it's economic relevance and all. I'm not so sure if there is a specific lecture for it though but I do hope so considering the growing demand of the people to know more about it.
Give a look to Khan Academy, they had been teaching well about crypto. Next you can find many worthy ebooks on Amazon and eBay. I don't remember the subjects honestly because I only read their trial copies and never bought any books to learn about crypto because internet and this forum were enough for me to get answers to my questions.
I was also thinking of Khan Academy but I'm not sure if they really are so I opted to not include them in my reply, though it's good since they're the leading education provider right now that is online and free.
1414  Economy / Economics / Re: Is Bitcoin viable? on: January 21, 2021, 05:49:54 AM
This is scary but is totally happening now. Mining pools wouldn't be a thing if Bitcoin is forgiving in the mining department but as more amd more people start to mine for coins, those who took advantage of the technology earlier than others will always earn a much bigger and vonsiderable amount compared to those who didn't. In a few years from now, Mining wouldn't be profitable at all because of the people's demand overcoming the supply.
1415  Economy / Gambling discussion / Re: Bitcoin betting on the 2024 US Presidential Election | Biden+Harris Vs ?? ?? on: January 21, 2021, 05:40:34 AM
Provided that he will still be alive to partake in the next election, he will be a strong contender yet again. Honestly I don't have a good idea of who he possibly would be up against because Sanders wouldn't be so tough a candidate anymore provided that the past two elections he partook in didn't gain him considerable votes, plus he's also getting old.
1416  Bitcoin / Bitcoin Discussion / Re: Sell ​​my bitcoin from 2010 on: January 20, 2021, 07:09:27 PM
That is a huge amount of coins that may make it really hard for you to cash them out all at once. If this is true of course. Exchanges are not expecting this huge of an amount to be withdrawn as most of them can get all their liquidities dried (no pun intended). Which leads to issues comprising of suspected hacking or fraud which your account may get flagged for. So it's much better to cash them out little by little
1417  Economy / Economics / Re: Trump bans Alipay and seven other Chinese apps on: January 19, 2021, 09:16:47 PM
Biden being much more sound-minded than Trump is would probabky see through the mistake of banning these payment channels and appkicwhich could've given them enough revenue. It's up to him if he were to lift the bans or still impose them.
One will believe overturning the ban will be part of the actions Trump's administration made that Joe Biden will reverse. Remember Joe Biden promised to start working from the first day in office by signing some Executive orders to overturn some Trump's policies. It would not be a surprise to see the ban on those payments service providers as part of it.
Probably. It's a bit minor so it does not rely take a lot of consideration and we are pretty much sure that Trump did this out of spite when he could not get his China (no pun intended). That being said I'd expect this to happen.
1418  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin's fees overpriced? on: January 19, 2021, 08:28:30 PM
It only is overpriced because it is primarily anchored to USDT, and so of course the denominations are justified yet their conversions to fiat wouldn't be. Few years ago when bitcoins were still dirt cheap the transaction fees are close to none, and we only felt the sting of then's limited technology now that bitcoin's coming up the thousands.
To decide whether the transaction fee is high or not, first Bitcoin needs to be defined properly. If you consider Bitcoin as a currency, then the current fee levels are definitely way too high. None of the currencies have a fee of $5 or $10 per transaction. On the other hand, if you consider Bitcoin as an investment asset, then the fee is justified. Most of the mutual funds charge way more than this amount as the entry fee or exit fee (even the annual maintenance fee is around 1%).
Exactly what I have in mind. It is justifiable on one end of the spectrum and completely crazy on the other. Been hoping for the Lightning Network for years now and I still am hopeful that it will be available for the people to make the most out of.
1419  Bitcoin / Bitcoin Discussion / Re: Notorious Coinbase holding my bitcoins in name of 'Review' | Be careful on: January 19, 2021, 07:37:34 PM
One thing that caught my attention was the fact that you used non-custodial or transacted with such tyoes of wallets. This will definitely put you in a pickle because most systems tag them as fraudulent or illegal, which will then be grounds to have your wallet be suspended and checked. Good thing they finished up with their review just on time for you to enjoy a higher bitcoin payout.
1420  Economy / Gambling discussion / Re: Why would anyone use a betting broker? Have you tried it? on: January 19, 2021, 06:16:09 AM
Two reasons naturally. First is that these brokers work well in countries with strict regulations regarding gambling. These gamblers allow them to pretty much experience the same freedom a person from a much more gambling-liberated country experiences. Number two, these brokers are well-experienced, moreso if it's an AI rather than let's say a regular gambler, so a typical gambler with little confidence over himself would hesitate on bigger gains where a broker wouldn't with of course, a slightly bigger odds at winning.
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