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1401  Economy / Trading Discussion / Re: Accumulation phase is out!? on: November 27, 2022, 05:48:36 PM
I had "predicted" that Bitcoin was capable of crashing down to $15,000 levels a few weeks ago. We're not that far off the mark. Honestly, I believe that we've reached the bottom; even if we haven't, I doubt that it'll lose too much value from now on. As others have already mentioned, this bear market does look quite similar to 2018's bearish period. I didn't survive the whole bear market in 2018, but both periods share a few similarities. We're now slowly entering the second year of the bear market, which, in my opinion, is bound to last at least one or even two more years.

Accumulating Bitcoin now is essential and way more affordable than it was a few months ago, especially after it plummeted below $20,000. Let's see who survives without selling until the bullish period.
1402  Economy / Economics / Re: The world’s baby shortfall is so bad that the labor shortage will last for years on: November 27, 2022, 04:45:58 PM
We are short of babies, dam that must be psychic assumption from Elon Musk. I think he does not understand each baby costs you food, money, health and living! From diaper changing to making him/her marry a right person it takes huge stuff from parents.  Roll Eyes

Dude does not even know there is part of world which is vulnerable to higher death rate due to hunger and no water and no proper authorities to provide substantial healthcare.

And he wants to grow the population even more?

I have seen him stating that “AI are far more dangerous than Nukes” and that mean automatic industry is gonna take peak soon. Where would the extra babies work?

Oh yeah right may be Mars.

In many countries, an increase in living standards leads to a decrease in the birth rate.  

People try to live for their own pleasure and have sex using condoms.  They eat delicious food, drink delicious drinks, buy expensive clothes and household appliances, attend theaters and concerts.  The uneducated poor have only one entertainment in life - to have sex without condoms.  Wealthier people in big cities have a million ways to entertain themselves.  

However, there are many different countries in the world and not all countries have a high standard of living.  There is also labor migration.  

People from poor depressed regions move to richer countries.

In my opinion, demographic problems are problems that can be solved, it is not fatal for humanity.
To be honest, I haven't thought of that. Now, due to the modern age, condoms are pretty much the easiest and safest method to prevent STDs and unwanted pregnancies. A few decades ago, their usage wasn't as widespread compared to now, which potentially also contributes to the birth deficit the West is facing. You can easily guess that 3rd world countries aren't keen on using them judging by how many children they're having, living in poor conditions, and often working since a very young age. 

People in the past had larger families but different raising standards. Children now require a lot more attention and activities, and we're focusing on their education. The total population is constantly rising; it reached 8 billion a few days ago, but this increase is not coming from the West. In the next few years, we're going to face extreme immigration issues, something we're already facing.
1403  Other / Beginners & Help / Re: Misconception about cryptocurrency on: November 27, 2022, 11:50:13 AM
When people accuse cryptocurrency of being a scam in light of recent events like the luna and FXT exchange, it irritates me. Crypto is a risky investment but that's not a good reason to call it a scam during a bear market.
The bear market has always been and will be the most fruitful time for those who want to attack Bitcoin, and this should not surprise us - because many invested with the intention of profiting and were waiting for $100k, and then everything started to collapse. In the age of social networks, good news travels fast, and bad news even faster. Therefore, I advise you to be as little involved in them as possible, because that is one of the ways to get away from all that negativity that does not bring anything good.
This is a great explanation regarding attacks against Bitcoin. Whenever we're going through a bear market, news articles keep popping up claiming that Bitcoin is about to die and speculating on its possible failure. The exact same thing also occurs during bullish periods, but I believe that it's more prominent during bearish seasons. The reasons may vary, from being against cryptocurrencies or because they simply try to fish out clicks for their website, because it's certainly a controversial subject.

Do I believe that incidents such as FTX or Mt. Gox ruin the cryptocurrency industry's reputation? They do, but this simply applies to pretty much everything. There are even banks going bankrupt; does that mean that all banks are scams and are bound to steal your money? I'm not promoting banks by any means, but I think you get my point. There's always a black sheep in the family.
1404  Other / Beginners & Help / Re: Tips to Becoming a Successful Holder on: November 26, 2022, 09:35:01 PM
Great tips overall, and it's also worth noting the necessary patience and discipline in order to survive through tough market periods. However, I'd like to add that holding may not apply to altcoins other than a few popular ones, such as Ethereum or Binance. Generally, we've seen quite a few altcoins involved in scams, scandals, rug pulls, you name it, such as Celsius, Luna, or FTT. I'm not saying that you can't hold altcoins, but personally, I don't feel comfortable doing so. The only coin I trust holding for long periods is Bitcoin. If you're planning to invest in altcoins, the least you should do is diversify your portfolio.
1405  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins safe? on: November 26, 2022, 08:02:53 PM
Just look at Luna(UST) then I reckon you'd get your answer. It may be a single instance, but it's still an instance nonetheless to take into account. I'd honestly just avoid holding any stablecoins for a long period of time if possible, I've only ever used stablecoins when paying/moving stuff, the rest of what is in my wallet is always invested in some crypto for the long term.

Here's an old post by mk4 about stablecoins
https://bitcointalk.org/index.php?topic=5204055.0
You're comparing an algorithmic stablecoin (UST) with established stablecoins such as USDT and USDC. The latter are deemed safe enough to use and have hardly ever lost their $1 peg. Even when they did, they quickly recovered. That's not the case with algorithmic stablecoins, though, which can be deemed extremely risky because they rely on two types of tokens: a stablecoin and another token supporting the aforementioned stablecoin. There are several examples of failed ones out there, such as BoltDollar or UST. It's easy to mention that plenty can go wrong with them, and they're not actually guaranteed to have a secure 1:1 dollar peg (see USDN, FEI, or DEI).
1406  Other / Meta / Re: What’s wrong with Gambling Discussion board on: November 26, 2022, 06:47:34 PM
Well, that's also common in other subforums as well. I might gamble every once in a while, but generally, I'm not really interested in gambling conversations; most are also directed towards sports betting, and guess what? I'm not into sports either. Thus, I rarely participate in gambling discussions. If I were to guess, I'd say that quite a few signature campaigns have a certain post requirement to be made in the gambling section. As a result, there are people who may have zero interest in gambling who try to fit into conversations in order to achieve their quota.

I'm not following the gambling sections, and it's just my personal opinion, but I thought there might be a correlation between spam posts and the minimum post requirement in the specific section of the forum.
1407  Economy / Trading Discussion / Re: Share your Crypto experience. on: November 25, 2022, 11:51:47 PM
I've been in cryptocurrencies since approximately 2014, with two major breaks in 2014 and 2018. My Bitcoin's value has plummeted over 60%, but you know what? I don't really care. On the contrary, I'm somewhat satisfied when its value drops because every time I get paid in Bitcoin, I receive a significantly larger amount of BTC. You're still early in the game, but the issue is that the media often portrayed cryptocurrency success stories in such a way that they looked like a get-rich-quick scheme. Trust me, they're not. You'll need a ton of patience to survive the bear market; I didn't in 2018. If I hadn't quit then, there's a great chance that I'd have a great deal of money now.
1408  Other / Off-topic / Re: Increase in cost of running the family on: November 25, 2022, 10:38:35 PM
Inflation, increased expenses, soaring rent costs, and poor wages make it almost impossible to raise a family. Children now require much more attention than in the past; a foreign language and an activity are a must nowadays. These things weren't considered necessary in the 1950s, and what I mentioned is often the bare minimum. On top of that, benefits for larger families have been cut off, with most families now opting to have one child at most.

The west is suffering lower birth rates for the reasons mentioned above. Third world countries, on the other hand, continue to have an abundance of children, often lacking what we consider necessary.
1409  Alternate cryptocurrencies / Altcoin Discussion / Re: How many of you believe in Litecoin? on: November 25, 2022, 09:07:16 PM
Litecoin is growing despite the current drop in prices of major coins.
I would say the potential is still on this coin but never I expect $500 could easily be reached this coming bull season. Though I wasn't buying Litecoin at this time still I know that many investors have their trust remain on this project as they believe the capability of this project and thinking for a profit once the bull season comes.
That's the intriguing part I also noticed. I was observing its price a month or so ago, and Bitcoin was at $20.000 and Litecoin was at $50 levels. Currently, it's one of the few coins that is growing (over 20% increase in the past week) despite the ongoing bear market, making me regret thinking twice when I was interested in buying a while ago. In my opinion, it does have the potential to shine again; it used to be in the top 3 a few years ago, although it will still be outperformed by others such as BNB.
1410  Bitcoin / Bitcoin Discussion / Re: To those who do not care about their privacy. Why? on: November 25, 2022, 08:10:24 PM
I agree with you here. If you once left information about yourself, you are already on the list. If tomorrow you decide to start behaving "correctly", the Internet still remembers everything about you. We enter the Internet with wide eyes, and with great naivety tell the world about ourselves. And growing up, changing views, there is a big problem with the destruction of information about yourself. Everything that we posted on the network is recorded and practically never deleted.
On the one hand, it's somewhat how I see things—exchanges already have my information, and even if I withdraw all my funds from there, they already know that at some point, I had the X amount of money deposited. Fortunately, I haven't deposited my bitcoin on any exchange and it is still considered somewhat private. On the other hand, however, I believe that it's never too late to spice up your privacy. Although, as you've already mentioned, nothing is deleted from the internet.
When I never entered the cryptocurrency industry I never cared about my privacy and identity. I was of the opinion that the people that needed to hide their privacy are criminals so as not to be caught by the law enforcement agents and made to pay for their crime.
That was also my number one excuse, I'm not doing anything wrong, why should I care? Boy, was I wrong.
1411  Other / Beginners & Help / Re: No social media is safe on: November 24, 2022, 10:56:20 PM
Unfortunately, this is a classic scam promoting fake exchanges/trading platforms that supposedly block your account and request money from you in order to "unblock" your funds. Social media aren't to blame in this case, and reporting that person to Facebook might only close their account at best. The police will rarely interfere with such cases as well, since chances are that any information you were given was forged and it is way too much of a hassle for the police to actually catch such a scammer. In many cases, they might be in a third-world country.

I haven't heard of a similar incident through Facebook. Such scams are known on Discord servers and Telegram groups, pretending that you won a prize through an exchange but still need to pay a small fee to withdraw.
1412  Economy / Speculation / Re: Predictions, predictions, predictions... on: November 24, 2022, 09:44:46 PM
As others have already mentioned, the "Bitcoin is dead" phenomenon is pretty repetitive every time we go through a bearish period. Ignore it for your own well-being. Anyway, I'm not interested in reading any kind of predictions anymore; I don't see the point; whatever is going to happen will happen. On top of that I'm generally not interested in Bitcoin's price movements. A few months ago, in a similar thread, I had mentioned that Bitcoin's lowest point would settle at approximately $14.500–15.000. So far, I haven't been proven wrong. Although, in my opinion, $10.000 sounds way too exaggerated and unlikely to happen.
1413  Bitcoin / Bitcoin Discussion / Re: To those who do not care about their privacy. Why? on: November 24, 2022, 08:45:35 PM
I honestly don't know how to explain my stand regarding privacy. As PrivacyG already mentioned in their initial post, I agree with all the points regarding our personal privacy stated in the second paragraph. However, for some reason, I'm not too bothered regarding the privacy of my cryptocurrency funds in general. I've never used a Bitcoin mixer and I'm not planning to anytime soon. Anyone can easily see how much BTC I own, and that address can easily be traced back to my BTT account.

On top of that, I've also submitted all necessary information in my Binance account, which holds a relatively decent sum of money. I later realized that this was a mistake, since any money can be easily traced back to me and be subject to questions on its acquisition. On the one hand, I acknowledge that it's probably not the best option, but on the other hand, I'm not bothered to change it. Perhaps I'm way too comfortable with that idea, thinking that nothing unfortunate will happen to me (identity theft, FTX incident, etc.).
1414  Economy / Scam Accusations / Re: Fake Google Sheets Extension - Scammed | New Update! on: November 23, 2022, 04:41:07 PM
I was a victim of this two days ago.
It changed my Binance bitcoin address to this address:
1bmL3m2Wrb4qzSyNnLU3ExEhWX8C7QeWK
I lost 0.00810000 BTC.
BTC is still unspent.
https[Suspicious link removed]hWX8C7QeWK

Is it possible to get the real ID/team of this extension maker?
I'm sorry for your loss. Do you have any idea how the extension got installed in the first place? In my case, I found that it had been running for quite a while and couldn't possibly trace back to who was responsible for its installation. I had a few guesses regarding some torrented software, but the creation date of the extension's folder doesn't line up with the download date; thus, I can't be sure that the torrents were to blame. Although I will refrain from downloading pirated software from now on.
1415  Economy / Economics / Re: Climate Regulations Are About to Disrupt Global Shipping on: November 20, 2022, 08:59:21 PM
I'm from Europe, Greece to be exact, and have never heard of the IMO. I'll drop my two cents about energy sources, though. Climate regulations are what sparked the energy crisis, starting in August/September, by closing a large amount of coal plants in Europe in order to turn to renewable energy resources. I'm not against renewable energy, but there are numerous scandals in Greece about placing wind turbines on burned forests. It sounds like a conspiracy theory, but it has been proven that huge corporations were interested in and had deposited proposals for creating wind farms in forests that would be burned in the near future.
1416  Economy / Trading Discussion / Re: What happened with crypto? on: November 20, 2022, 06:20:05 PM
I'm guessing that you sold at a quite high price in 2021, at least over $40–50,000. Since you already know Bitcoin's capabilities in terms of value, consider this an opportunity to acquire it and prepare for the new bullish season. Unfortunately, the economy is in a dire situation worldwide for a variety of reasons, such as the war, the energy crisis, excessive inflation, etc., which isn't helping any kind of investment, from stocks to assets and cryptocurrencies. Even the S&P 500 index has lost value in the past few months.

To summarize, this period is a great time to acquire discounted Bitcoin if you have the available budget.
1417  Bitcoin / Bitcoin Discussion / Re: A reminder about the media on: November 20, 2022, 05:36:11 PM
News outlet usually just follow the trend the market since that’s what people want to see. People wants to see the price to go lower on bear market since they want to buy cheaper price. This is what media outlet feeding to crypto people to attract them to read there articles. It will not hurt to play safe but following news is really the dumbest thing to do specially on trading.
I couldn't have said it better myself. I've also noticed this pattern in news coverage. When the market is bullish, excessively optimistic predictions keep popping up, and the exact opposite thing happens during bearish periods. News and predictions mostly follow market trends, just like you said. I don't see any valid reason to take them into account. I don't even bother reading any kind of analysis or news anymore. That keeps my mind at peace. Although Bitcoin has taken a hit due to the FTX fall, it's perfectly normal since the cryptocurrency world has taken a solid hit with it being one of the largest exchanges worldwide.
1418  Economy / Speculation / Re: BTC is likely to head towards a price of $13,000 on: November 20, 2022, 04:00:28 PM
If you're too afraid then ease your mind; sell you holdings. This is being repeatedly told to every investors here. You won't be wrong from either selling or holding because that is your decision. Just be safe feom regrets whatever decision you are about to take; this is your goal as an investor. The market is volatile in nature simply because its market value is determined by demand. With demand, it is not constant because of factors affecting it. If you can endure no matter how low the market price gets, then continue holding. The losses, as long as you are not selling, are just temporary and you only have to wait for the recovery. This is how simple investment is, not only in this industry but also to other types of asset.
There are a number of people who can't bear to see their funds lose value. I somewhat identify as one of them; I couldn't stand seeing that I made a wrong trade, which could potentially lead to a loss. In such cases, you have to compensate if you still want to be in the game. Personally, I stopped trading, but I'm interested in trying it again if I empty my schedule a little. I also stopped buying so-called promising altcoins and stuck with Bitcoin only. I'm not even bothered to check my funds' value anymore; I don't worry even during bearish periods like this one.
1419  Alternate cryptocurrencies / Altcoin Discussion / Re: Bad beginning for crypto beginners. on: November 19, 2022, 11:24:27 PM
I was a beginner who suffered the 2018 crash, the market had plummeted compared to 2017's all-time high and for some newbies including myself, it looked like the end of the world. Fortunately, I didn't take a huge loss because I didn't actually get to sell my BTC which was then worth a mere of a few hundred dollars, not because I believe in cryptocurrencies, but because I was so devastated that I completely abandoned everything. I didn't lose hope though, and decided to wait a few months or even years to sell the minimal amount of Bitcoin I had acquired.

I'd like to conclude that beginners also tend to make rapid moves, overreact and are not patient enough when starting out, which can have fatal results in such a volatile market. These two characteristics are usually missing in beginners who easily get discouraged.
1420  Economy / Exchanges / Re: Can you ask for a refund of the money deposited in FTX from your bank ? on: November 19, 2022, 08:47:22 PM
You could perhaps open a claim to attempt a transaction reversal if you've made a deposit through a credit or debit card since it's covered by fraud, as others have already mentioned. Although from what I've heard on Reddit or other forums, it mostly covers fraud from unauthorized transactions, wrong deposits, etc. I'm not sure if bank transfers are covered and can be chargebacked with the same ease. To conclude, for the reasons mentioned before and by user o_e_l_e_o, I'm not sure if the bank is able to retrieve the funds you eagerly deposited to a centralized exchange, which till now was considered reliable. There was no error in the transaction itself.
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