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1541  Bitcoin / Bitcoin Discussion / Re: 🌍World Economic Forum Recognizes the Benefits of Bitcoin Mining🚀 on: April 26, 2023, 07:07:02 PM
On Crusoe Energy's part, would they have even mentioned Bitcoin mining even if it wasn't a WEF video they are making? I also doubt.

Why not though? If their main source of income is Bitcoin mining then they're probably not ashamed of it and they have vested interest to advocate for Bitcoin.
But it's very telling that they the video only refers to the vague "data centers".


It's also funny how some members of this forum are happy to change their opinion on WEF, SEC etc as soon as they say anything even remotely positive about Bitcoin. They are existential enemies of decentralised and censorship-resistant currencies. Let's never forget about that.
1542  Bitcoin / Bitcoin Discussion / Re: The Dormant Address have been woke up, Are you worry? on: April 26, 2023, 06:55:11 PM
So all the same, are you worried or not because of this? Wink

What do you propose to do? Panic and fan the hype about this event?

No one can influence the change of this occurred event (except for this whale). So maybe just relax and not worry about it?

I propose to look at this situation this way: if someone sells, then this is an opportunity for someone to buy. Wink

Why are they selling now? Hmm, it's better to ask them themselves. We still can't find out, even if our guesses turn out to be accurate.

You're right but for the wrong reasons. Yes, we shouldn't be worried about that amount is not big enough to affect the market in any serious way.
But in general, if someone was to move a huge stash of bitcoins to the exchange, then a drop in the price would be expected. As such, it would make sense to take advantage of that, sell and buy back more at a cheaper price. Sounds like a better plan than relaxing and doing nothing.
1543  Economy / Speculation / Re: Crypto traders beaten by girls on: April 26, 2023, 06:47:00 PM
Do you have any links which do talks about that testosterone levels are decreasing in todays generation?

This is common knowledge, although not something main-stream media is very keen to report on. First few links from google search:
https://www.forbes.com/sites/neilhowe/2017/10/02/youre-not-the-man-your-father-was/
https://www.healio.com/news/endocrinology/20120325/generational-decline-in-testosterone-levels-observed
https://www.urologytimes.com/view/testosterone-levels-show-steady-decrease-among-young-us-men

Testosterone levels in US are dropping at about 1% per year since the 1980s.

If thats the case then the thing you do say that 2030 then there would really be more childless women. Isnt that a bad thing? Population increase would really be slowed down which is also a global problem that we are really that facing in todays.

Overpopulation is a myth. Literally every developed country (maybe except Israel) has problems with birthrates being way below the replacement level and an aging population.
1544  Economy / Scam Accusations / Re: Polish-registered recyclix.com is a Ponzi scheme and provably so. on: April 25, 2023, 09:06:54 PM
[snip]

Thanks for sharing. It's a real shame they faced no justice after the whole Recyclix scam and kept going with another one. Hopefully, this time will be different and they'll face some charges.
Not familiar with Juicy Fields, but Recyclix was pretty well crafted. It was obvious that it was a scam just from the unrealistic returns they offered, but the level of marketing they manage to create was pretty impressive. I was particularly disappointed by a very slow reaction from the KNF (Polish financial supervision authority), despite all the signs and reports they only issued a warning when Recyclix was already imploding.
1545  Bitcoin / Bitcoin Discussion / Re: 🌍World Economic Forum Recognizes the Benefits of Bitcoin Mining🚀 on: April 25, 2023, 08:45:35 PM

It's not like the WEF started to praise Bitcoin and Bitcoin mining all of a sudden. All they did was release this video:
https://www.weforum.org/videos/this-start-up-catches-waste-methane-to-power-data-centres, which doesn't even mention Bitcoin (unless I missed it), but the featured company is engaged in Bitcoin mining.
So it's only a praise for utilising a waste gas (such as methane) that can be converted into cheap energy.

WEF's have previously made negative statements on crypto mining and are demanding strict crypto regulations. I don't think this video is a sign of a change of heart.
1546  Economy / Speculation / Re: Crypto traders beaten by girls on: April 25, 2023, 08:22:31 PM
Well, though what you say is right but that isn't controllable anymore considering how far feminists have gone these days. You can't even imagine what kind of statements they make only to make males and females look equal, it's literally bizarre but you can't help it. There are a lot of people who face such people and question them for whatever they do and they literally become speechless, but that doesn't stop them really.

Having rights or asking for them isn't a bad thing, but trying to become like a man when you are clearly not is something we can't understand. They literally don't get any logic that you might put in front of them.

Strangely enough, the vast majority of women don't describe themselves as feminists. It's like everyone is repulsed by what we have become as a society, but very few have the courage to speak up and push against that.
So we end up in a situation where 45% of women are expected to be single and childless by 2030 - on the other side, male fertility and testosterone levels are dropping like crazy in younger generations. That's a tragedy and nothing short of civilisational suicide.

Can this be reversed? I believe so, but it would require taking control of the mass media to start to promote positive, traditional roles to undo the damage done by the garbage we have been fed for the last few decades. Who controls the media - controls public views. It's that simple. I think China went down that route with their cultural crackdown. Let's see if it works for them.
1547  Local / Polski / Re: Pospekulujmy o aktualnej i przyszłej cenie BTC. on: April 25, 2023, 07:54:11 PM
Wolumen mówi o sumarycznej wartości transakcji, do jakich doszło. Jeśli wybicie następuje przy dużym wolumenie, to oznacza, że następuje ono przy aktywnym "sprzeciwie" sporej części rynku, a mimo to cena idzie do góry. Pokazuje to siłę rynku i siłę bieżącego ruchu cenowego. Niski/malejący wolumen działa odwrotnie. Pokazuje, że część rynku po prostu podniosła ręce i czeka, aż coś się wyklaruje, a nie panicznie odwraca pozycję. Pokazuje, że formacja, którą obserwujesz, nie jest tak istotna dla rynku, jak myślałeś lub wybicie nastąpiło w momencie braku aktywności dużych graczy (weekend, ameryka śpi itp). Zaraz wrócą do handlu i razem z nimi cena. Może to też świadczyć o tym, że kupujących zaczyna brakować, a sprzedający jeszcze nie zaczęli dumpowania, bo czekają na jednoznaczny sygnał. Można się rozpisywać nad różnymi wariantami w nieskończoność. Jest to jednak tylko jeden z wskaźników i jak to jest w analizie technicznej, nie daje żadnych gwarancji, a tylko statystyczną przewagę. Choć przy ilości manipulacji na wolumenie ta statystyczna przewaga może nie być aż tak duża.

Dzięki, to ma sens. Ale czy to samo działa w drugą stronę, tj. jeżeli mamy nagły spadek na niskim wolumenie, to czy można się spodziewać że cena odbije z powrotem do góry gdy powrócą duzi gracze itp? Czy nie jest tak że niski wolumen zawsze jest czynnikiem negatywnym na cenę?
1548  Bitcoin / Bitcoin Discussion / Re: The Dormant Address have been woke up, Are you worry? on: April 25, 2023, 12:33:09 PM
Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

This, if they held through the ath of nearly $70k, it's not very likely they'll be selling at sub $30k. Even if they were to do it, they'd probably do it slowly, to get the best value out of it.
Of course, it's also possible that those bitcoins will end up on an exchange, but in the worst case scenario, it could only cause some dent in the price, but won't have any significant long-term impact.

The only implication is that some of the analysts would have to re-consider how the bitcoin free float is calculated (bitcoins that are available for trade), maybe excluding coins that have been sitting idle for a few years is not the best approach.

1549  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 24, 2023, 10:27:57 PM
BTC charts you will get, but absolutely it doesn't mean anything. There are no guarantees that the real chart will be just like that.

Well, it's a good thing no one said that then.

You are not so naive as to believe the charts from Google, right? Even more so, to use this information for investment. Smiley

Care to share what information do you use to make investment decisions and what's your decision-making process? Don't be shy.

This is my first time of hearing this version of story. It sounds interesting and practical. It looks like what has happened before or what came out of experience. I think I will go with this in one aspect. But since I cannot actually wait till 2025, I would follow the advice of people here even when they said it is not an investment advice.
I will continue to be active here, I believe as the market continues to hover, it will be getting clearer on what actually will happen during or after the halving.

Good luck OP, but remember to set yourself realistic profit targets, decide at what point do you intend to sell and stick to it. Don't get too greedy, hitting the exact top is close to impossible, so as long as you end up with a profit - you can be happy with yourself.
1550  Local / Polski / Re: Pospekulujmy o aktualnej i przyszłej cenie BTC. on: April 24, 2023, 10:10:09 PM
widac ze jednak niski wolumen wybicia mial znaczenie..

Może mi ktoś wytłumaczyć "na chłopski rozum" dlaczego właściwie niski wolumen ma znaczenie? Czy to po prostu obserwacja, że przy niskim wolumenie cena ma tendencję do spadania w dół, czy może jest tu jakiś logiczny mechanizm?
1551  Bitcoin / Bitcoin Discussion / Re: Geeky crypto thief, 32, jailed for hiding $3billion in Bitcoin in popcorn tin on: April 24, 2023, 10:01:09 PM
I used to to think you were kind of a fine guy pawel7777, your posts are usually pretty good. Since coming to this thread though my view has changed, along with some other users who have jumped on the bandwagon.

Ouch. Right in the feels.

Don't shoot the messenger bud, I literally only quoted the headline of the linked article. Unless you're referring to me calling his life miserable - then sorry, but I'm sticking to what I wrote. If you seek fulfillment through splashing money just to impress whores - you're doing something very wrong and deserve shaming, that's what a healthy society should do.

And I don't see his alleged autism as an excuse for holding him accountable. He was perfectly capable of making his own decisions.

The saddest part about this thread is that if he had very average american-like looks,

The saddest part is - he does have very average american-like looks. Few will understand.
1552  Bitcoin / Press / Re: [2023-03-15] Forbes - How Africans Are Using Bitcoin Without Internet Access on: April 24, 2023, 09:45:23 PM
I reckon much of everyone in the community underestimates how much centralisation there is in bitcoin's decentralised sphere including development. Similar to what you mentioned, internet service providers are centralised. The same centralized internet providers that give everyone access to Github, also a centralised platform. The creators of the hardware where everything is hosted is a centralisation risk.

However, nothing is perfectly decentralised and about this is bad, I reckon.

Centralised internet providers are not ideal and I'm really hoping to see censorship-resistant, decentralised internet in my lifetime, but it's not like they can effectively ban anyone from accessing the internet - if that happens, you could use a different service, at least for now.

Not sure what exactly you mean by Bitcoin development being centralised, feel free to elaborate. But I remember times when many considered Gavin Andresen as having effective control over the entire network. Fast forward, most new Bitcoiners don't even know who he is.

And I don't subscribe to the "all or nothing" attitude, that if we can't have everything decentralised, we should ditch decentralisation altogether.
1553  Bitcoin / Bitcoin Discussion / Re: Geeky crypto thief, 32, jailed for hiding $3billion in Bitcoin in popcorn tin on: April 24, 2023, 11:46:48 AM
Also, the guy got collectible coins, shout out for our physical bitcoin collectibles out there, i wonder if anyone made a transaction between him or he has an account here.

He does have an account here:

Loaded

What's funny is he used to pretend that he made all his Bitcoin from trading and running a trading fund for wealthy investors... Of course that was all a lie. Not that there wasn't some level of ingenuity involved in how he actually achieved his BTC wealth.

This thread is what made him famous, at least on the forum anyway. It wasn't too long after he posted this that people started figuring out where his BTC really came from.

I knew it! Thanks. But how do we know for sure it's the same guy? Some of his posts seems sound (somewhat) sensible, and the actions he took (as per article) make me imagine he was definitely on the dumb-side.

I remember that bet that he offered to Roger Ver. Iirc, Ver accepted eventually but Loaded backed away.

And just a reminder, if anyone presents themselves as a professional investor, hedge fund manager etc. it's 99% bullshit.
1554  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 22, 2023, 09:27:58 AM
Its a monetary inflation. So all i had to do is calculate the annual amount of new coins (block reward * 6 * 24 * 365) divided by the number of coins already in circulation in that day.  

I was a bit puzzled about which figures you used for "coins already in circulation" for the first rate of 25%. I'd assume we'd need to use the number at the beginning (not the end) of the period, which, for the first period was zero, so can't really calculate that.

We can try to use price in such estimates, but it won't give us any useful conclusions because price prediction is what people are aiming for. So we can't use price as substrate and product in one analysis. Or can we?

This question is too difficult for Saturday morning  Grin

i agree. First halvings had hudge fundamential impact on price. Today's halving has little to zero fundamental impact on price but a huge psychological impact. Reading a lot of people's opinions, I see that many people are counting heavily on this halving and next cycle to begin.

Yeah, that's why I get bad feelings about it.
1555  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 22, 2023, 09:00:11 AM
Beside that when the Bitcoin price goes down it is a nice opportunity to accumulate more Satoshis from the free rolls

Claiming freerolls itself is not really worth the time. The basic reward of 7 sats, at the current price, converts to only 0.2 cents/roll. Assuming it takes about 5 seconds per roll, even if you had unlimited rolls, that would only convert to earnings of $1.44/hour. So you'll be better off just throwing a couple of bucks in to either buy some bitcoin or fun tokens.

Fortunately, the site has other features and bonuses (WoF, lottery, reward points, golden tickets etc)  that make it worth it.
1556  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 22, 2023, 08:41:38 AM
Judging from pasted experience, we usually have two types of fomo, the first fomo happens few weeks to the halving date, Bitcoin price will increase as people won't what to miss out thinking the price will pump high immediately the halving is over. Usually projects tends to pump towards an event date in the cryptocurrency market and Bitcoin itself is no exception.

After the halving, a correction in price happens as people get disappointed as Bitcoin wouldn't pump as they expected and also the corrections happens as a result of traders taking profits for the gains they have made leading to the halving date. The real bull market starts a year after the halving which is 2025.

But let's not forget that traders will always try to out-smart others. They will look at past cycles and try to make their moves before anyone else. So I wouldn't be surprised if we see both pump and dump before the halving (and then maybe another one sometime after).

That depends on how long you plan to hold it for.

If you're going to wait at least a couple of cycles I think it doesn't matter, and if you're going to wait at least a couple of years, now would be a good time too.

I think OP made it clear that he's aiming for the next halving-related bull run, so we're probably not looking very long-term here.
1557  Bitcoin / Bitcoin Discussion / Re: Geeky crypto thief, 32, jailed for hiding $3billion in Bitcoin in popcorn tin on: April 22, 2023, 08:29:20 AM
More like for privacy—private way. The guy is not knowledgeable enough how bitcoin transaction works. Mixers do exists now and lots of them yet we see another guy caught because of sending tainted coins directly on CEX. Well, as he is mentally-illed so i understand.

Mixing alone wouldn't help him much if he was splashing money on expensive speedboats etc. Assuming he wasn't a high-earner himself, it was just a matter of time for him to get red-flagged.

But you can't expect too much from a guy who stores $3bn worth in a popcorn tin in his bathroom.



Also, the guy got collectible coins, shout out for our physical bitcoin collectibles out there, i wonder if anyone made a transaction between him or he has an account here.

I was wondering that too. I think it's very likely, considering the collectible coins and the fact he was in the Bitcoin early, and I think that the majority of the early adopters were active on the bitcointalk, or at least familiar with it.
1558  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 22, 2023, 08:07:19 AM
Thats what I said in the last line of my post. Especially though first halving reduced inflation from 25% to 12%, second one from 9% to 4,5%, Third halving from 4% to 2%. 4th halving will reduce inflation from 1.5% to 0.7% which is a negligible change compared to the other side of the coin - inflation on Fiats, which ranges from 5-20% depending on the country, not to mention countries such as Argentina, where inflation exceeds 100%

Out of curiosity - how did you calculate these inflation rates for Bitcoin?

And shouldn't we also be looking at the actual fiat price rather than just looking at percentages? i.e. for 50 to 25btc halving, if the price was at $100, - that's $2,500 per block less needed to keep the price at the current level. For 6.25 to 3.125 halving (with $30k per bitcoin), that's $93,750. Depending on the volume and number of bitcoins available for sale, this could have a bigger impact than the percentage figure alone indicates.

And, as always, there are psychological factors as well, i.e. expectations of repeating cycles. People start buying because they expect other people will start buying.

As for fiat inflation, sadly, Bitcoin is yet to prove itself as a good hedge against that.
1559  Other / Meta / Re: Wall of fame / shame. Shit posts so bad that they are actually funny on: April 22, 2023, 06:52:41 AM
Your apology makes sense but it does not make sense for the company which hired you to make your posts and earn money.

Easy there Karen, no need to escalate to his manager  Grin Grin
We all make mistakes, your post is not free from grammar errors neither.

Some find it much harder to keep correct spelling and are more prone to make mistakes, but the content of their posts can still be of high quality.

Dyslexics are teople poo!
1560  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 21, 2023, 10:13:39 PM
I want to know when exactly to buy bitcoin since I don't want to use the DCA system in this purchase. Will market see anything below $20k again?

Each halving will have much less impact than the previous one, and if things rarely pan out the way that everyone expects them. After all, if we could predict such things with 100% - we'll all be rich - and that's impossible,

No one has a crystal ball to answer your question, but if you're confident that bitcoin will go up again and will at least reach its previous ath, then waiting for the potential dip makes little sense. You could buy now and still enjoy great gains if your prediction comes true. Waiting for the dip could backfire. Don't try to time the market perfectly, that's not possible.
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