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1561  Economy / Trading Discussion / Re: Are you profitable? on: March 31, 2023, 11:46:48 AM
Influencers or trading gurus that sell courses or signals might not share their trading journals. I see a bunch of trading groups and they only share member profit but of course "Lose" in trading is inevitable.

Maybe the are not trade the make money for making signal and course. My Instagram right now is bombarded with ads of premium indicators and crypto forex signal groups.

Try their strategy as long they offer some kind of free channel. if you think it is profitable then you can proceed.


It's a scam. Any "trading guru"/influencer who sells a paid service for trading signals, or shills their referral links are usually signs that they are NOT profitable traders. They make their profits out of YOU. Other signs include promising "big returns/profits" in a short amount of time, and/or telling you that they can "time the market" with something like "more than 80% probability".
1562  Bitcoin / Bitcoin Discussion / Re: [NEWS] Elizabeth Warren says she’s building an anti-crypto army in new campaign on: March 31, 2023, 11:24:04 AM
.., which would require all decentralized entities to comply with rigorous AML requirements.
If it's decentralized, who's the one going to comply with ..anything?


Or if it's decentralized, HOW will they force such a network to comply with anything? They either don't understand, or they're simply too stupid to understand. But we can't blame the older generation/boomers if they can't accept the fact when a new technological breakthrough is taking place. It was the same during the time when the automobile was invented, or the printing press, and many other inventions/discoveries.
1563  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 31, 2023, 08:51:17 AM
[edited out]
I would honestly rather be the person who had the opportunity to have learned, TRULY LEARNED, about Bitcoin during 2013 and bought with most of my savings just as I did during 2019. That would be for my main investment wallet placed in cold storage, never to be touched until "Bitcoin at six digits". Then I would DCA for small amounts placed in a hot wallet.

Yep.. .it is interesting how each of us took different approaches to our BTC investment, and we defend the approach that we took, and so in that regard, there may well be some individual particulars (rather than objectivity) that causes us to attempt to justify that what we did as the better of the approaches for our own circumstances... so in that regard, we also recommend such approach to others - the approach that we had taken.

I am kind of thinking that any reasonable delay towards investing into bitcoin would have been backed up by having some reservations about the fundamental nature of the asset and/or perhaps not having enough finances to be able to begin sooner rather than later... and generally speaking with the vast majority of foundationally sound investments, it is better to have more time in the market rather than attempting to time the market.. even though of course, in retrospect, we can many times point to examples in which there had been a subsequent dip in the price of the asset in order to justify waiting rather than getting started in investing right away.

For example, sometimes we could look at an investment and we can see that it is in the midst of a "blow off" top, yet we still do not necessarily know how long the blow off top is going to continue and we also do not know whether the price is going to correct back down into the price that we currently see.. so in some sense in order to prepare for either direction, it could well be better to just get the fuck in rather than waiting around... and yeah, there may well not need to be any ball to the walls type of an approach, but still to get some stake in the game in order to be prepared for either price direction - especially since if you do not get in at all then you are ONLY prepared for one direction (which is down)...

And, so in regard towards assessing fundamentals, any of us could look at bitcoin and attempt to categorize it as merely the same or similar to other investments that are available, and surely that could well be and continue to be a mistake that many people make when they are looking at bitcoin and they are fucking around with inaccurate comparisons, so when the time comes to invest into it, they end up playing their investment card way too timidly because they have failed/refused to adequately research into figuring out what bitcoin is.

So yeah.. do what you want.. wait if you believe that is a better approach.. advise others to wait if you believe that is a better approach, and hopefully no one is going to blame you too much because you ended up spending way too many efforts timing a dip that may or may not come..

And, perhaps one of the main differences that I am attempting to emphasize on a regular basis is to make sure that you are prepared for either direction, and you do not get sufficiently/adequately prepared for up by waiting... but yeah, you can do what you want.. and wait.. and thereby have fun staying poor.

 Tongue Tongue Tongue


 Cheesy Cheesy Cheesy Cheesy Cheesy


But what many people fail to objectively recognize is capital for many/most of us plebs is limited. We need to wait, even if there's a risk that we might make our bids higher than originally intended. Imagine DCA-ing from ATH because "Get in now or have fun staying poor", then running out of capital by the DIP to $30,000, then seeing the investment go to $15,000. It's better to have waited in my opinion because we should be front-running the institutions, not them front-running us.
1564  Bitcoin / Wallet software / Re: You should write two copies of your seed phrase. on: March 30, 2023, 11:36:12 AM
is remembering 12 words that hard?


But what if, you have 1,000 Bitcoins in your wallet, and you forget one word, JUST ONE WORD, and you have no copies of your seed phrase anywhere because "remembering 12 word is not that hard". You'll definitely know the true meaning of manual brute-forcing. Hahaha.

 Cool

OP, have both physical copies, and digital copies. Put the physical copy in a tightly sealed pack, and store it under lock+key in a safe. Encrypt the digital copy in a USB Drive and place it in nested directories, with each layer encrypted, and with different passwords.
1565  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 30, 2023, 11:20:16 AM

[edited out]
That's true, JJG. That's why I believe one of the things that helped me HODL, even through all of the strongest temptations and fear, is keeping my coins in cold storage through an old computer, offline. I panic during crashes and get tempted to sell. BUT starting to get my USB HD, and thinking about the process of signing the transaction, sending the transaction, removing my USB HD from my computer to the other computer, I stop myself.

It was probably just my mood.

Furthermore, if in doubt, meditate with this meme in your mind.


Hahahahaha  .. Yeah.  It is funny how even a small kind of an obstacle can keep any of us "in check" during some of the times in which we are feeling some inclinations to "take some off the table," and for sure, we can never know for sure if we made the right decision until much further down the road.. so many of us who have been in bitcoin for a while have had those kinds of moments of potential weakness.. and we can probably recognize and appreciate that those kinds of potential moments of weakness likely subside more and more the longer that we are in bitcoin because as any of us should be able to imagine that there are guys who have average costs of $1 per BTC, $10 per BTC,$100 per BTC, $1,000 per BTC, $10k per BTC, $30k per BTC, $40k per BTC, $60k per BTC, and perhaps some other variations, and many of us likely can imagine that the lower is our average cost per BTC, then the less likely that we are going to get worried about dips that come further down the road because they are likely not as significant... even if such dips might still bother us.

And the considerations of having regret and/or psychological pressures are not ONLY about the average cost per BTC, because there are some cases of guys who might have ONLY invested small amounts of value into bitcoin, and they have been worried about keeping their average price per BTC down.  Let's take the guy who bought 20 BTC in 2015 for around $300 per BTC, so he invested a total of $6k, versus the guy who might have bought BTC between 2013 and 2017 and ended up buying 200 BTC, but his costs per BTC were around $1k per BTC (3.33x higher BTC costs as compared with the one who lump summed into BTC in 2015), so he invested around $200k into BTC (about 33.3x more invested as compared with the one who lump summed into BTC in 2015).  

Which one would you rather be?  Are you concerned about how much cheaper your coins might end up being if you end up investing way less into bitcoin because you had been overly whimpy in your perspective and your BTC investment approach?  Part of my suggestion has been to DCA and continue to invest, even if continuing to invest might cause your average per BTC to go up and the amount that you invested to end up going up, yet at the same time, I understand that each of us has to come to our own conclusions regarding these kinds of matters, and we are not necessarily going to know or to recognize if our approach sufficiently paid off (with fewer regrets) than perhaps maybe something like 10, 20 or 30 years down the road, and then by then, we will not be able to go back and to change our approach.. and we can ONLY change our approach right now (that is if we need to change it)..

If we continue to attempt to learn along the way, we likely will not be able to fix all of our mistakes, but we will likely catch some of them earlier and be able to improve our approach, even though there are never really any guarantees in regards to which investments to make and then how much to allocate, and part of the mistakes that some people historically had made has been to fail/refuse to get off zero.. so even if they might not have had liked bitcoin as an investment they likely would have been better to put 1% into bitcoin rather than zero.. even though the more aggressive ones of 10% or more or even 25% or more may well have had a better risk adjusted outcome in terms of how bitcoin has ended up performing as compared to any other investments that they had made.


I would honestly rather be the person who had the opportunity to have learned, TRULY LEARNED, about Bitcoin during 2013 and bought with most of my savings just as I did during 2019. That would be for my main investment wallet placed in cold storage, never to be touched until "Bitcoin at six digits". Then I would DCA for small amounts placed in a hot wallet.

But that said, in a very long time frame, it wouldn't matter. We are not HODLing mainly because we could profit in fiat, although it's nice to see that our investment is positive.

1566  Bitcoin / Development & Technical Discussion / Re: Why was Ordinal NFTs created? on: March 30, 2023, 06:38:21 AM
Think of the blockchain as a road.

When it was built it was designed to handle data traffic.

So someone has figured a way to put data on the chain and monetize it.

ie ordinals.

Arguing against ordinal traffic is pretty much like arguing against single occupied cars on highways.

They crowd the road bla bla bla.


It's all opinions that's pushed as fact, even by the smartest Bitcoiners in the forum. I hope the newbies could discern the difference.

Quote

Most people simply don’t understand the value of ordinals or nfts.

Simply small in the box thinking.


I believe you are talking about financial value? Financial Value is what the buyer thinks is the current fair market price for an item that a seller is will to accept. That's why, like Bitcoin, when someone says it has "no value", we should ask "what's the highest price in U.S. Dollar can we sell 1 Bitcoin"? That's the current value. The same context for NFTs.
1567  Alternate cryptocurrencies / Altcoin Discussion / Re: Taxes on NFT holders on: March 30, 2023, 06:24:32 AM
OP, will they do tax-cuts for losses from NFT "investing" as well? I believe there will be more tax-cuts than tax-payments.

 Cool

imagine it

paying tax on ingame purchases.. turns Steam into tax reporting agents of its customers rather than games retailers

so soon you wont be able to play online games without KYC


I could imagine it. There might not truly be a difference in how they could differentiate, and systemize, between an NFT and a CS:GO skin or WOW items. But I believe there would be a push-back from gaming companies, some sane politicians, and users if the government starts proposing KYC for gamers. Plus it cannot simply be done without legislation.
1568  Economy / Services / Re: [CFNP] BetterCallRaul.it No KYC Crypto Exchange Signature Campaign on: March 29, 2023, 08:01:54 AM
Current number of posts (including this one): 9219
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Legendary or Hero payroll is OK. Thank you.
Welcome aboard. Accepted for Hero payroll. Please wear signature and avatar and make post below this response with the total number of posts you have. PM me a bech32 address with email address (optional) to connect you with the spreadsheet.

We are CFNP again and officially starting our first week (W1) from tomorrow.

Cheers,

Current Post Count: 9221

Thanks for accepting in the campaign!
1569  Economy / Services / Re: [OPEN] [banned mixer] Bitcoin Mixer | Sig Campaign | Up to 0.003 BTC/W on: March 29, 2023, 12:41:09 AM
Username: Wind_FURY
BTC SegWit Address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
1570  Economy / Services / Re: [OPEN] BetterCallRaul.it No KYC Crypto Exchange Signature Campaign on: March 29, 2023, 12:39:10 AM
Current number of posts (including this one): 9219
Rank: Legendary
Merit earned in the last 120 days: 65

Legendary or Hero payroll is OK. Thank you.
1571  Economy / Services / Re: [OPEN] Yo!Mix Bitcoin Mixer Signature Campaign| Reward up to $100/w | 2/2 escrow on: March 29, 2023, 12:36:58 AM
Current number of post (Including this one): 9218
Rank: Legendary
bech32 address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Merit earned in the last 120 days: 65

Legendary or Hero payroll OK with me. Thanks.
1572  Economy / Services / Re: 🚧[OPEN] [banned mixer] | Bitcoin Mixer | Signature Campaign ~ Up to $130/week on: March 29, 2023, 12:35:13 AM
Bitcointalk Username: Wind_FURY
Bitcoin address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Merit earned in 120 days: 65
1573  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: March 28, 2023, 09:58:05 AM

oh and yes i do agree there is like 12 ass-kissing wannabe fangirls of core on this forum that idolise these exploits and defend devs.. but are not successfully getting recruited into being their official PR team because they are still penny pinching for income via sig spamming or merit cycling each other

that sounds like a strange situation indeed. i'm assuming all 12 of them are pro-ordinals for sure. but maybe not? Shocked what's the benefit of being on the "PR team" do they get chocolate chip cookies or something?


 Roll Eyes

Is that the new social drama? There are 12 "ass-kissing wannabe fangirls of Core" who are probably "Pro-Ordinals" too? That's confusing, because from the information I collected, the leading Core developers like Adam Back and Luke DashJr are anti-Ordinals. But no one really believes what franky101 posts unless you're a franky-fan-girl. Read his trust-rating. Cool
1574  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: March 28, 2023, 06:41:21 AM
Quote

Fed on brink of fifth(?) round of quantitative easing


OP, no, the Federal Reserve cannot risk another round of Quantitative Easing while inflation is high. That's the difference between 2008 and 2023. During 2008, the Federal Reserve had some elbow-room to expand their balance sheet, and print more money. They currently don't have it. What Jerome Powell should actually be doing is, to be more aggressive in hiking rates, and to raise it more than the rate of inflation and guide it down. It will cause a recession, and the recession is what will lower demand, then therefore also lower inflation. But if Jerome Powell doesn't control inflation and lower it, inflation will cause the recession while inflation itself remains high. It will be Stagflation = Recession + High Inflation, a harder economic situation.
1575  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 28, 2023, 06:17:41 AM
...
Technically if there's no vulnerability, then it's not an exploit, and if it's not an exploit, then it's not an attack. At the very least again, it's debatable. Plus there will be developers who could debate that a feature was discovered.

NFTs dramatically reduce the number of transactions confirmed per block.
They increase the number of unconfirmed transactions, which has been high for quite a while.

Quote

2023-03-25T20:27:37.244548Z CreateNewBlock(): block weight: 3984936 txs: 485 of 49756 fees: 0.09462871 sigops 2187


Not sure why anyone wouldn't call that an attack and an exploit.


Because saying it, and convincing everyone that it's "truly a fact", is wrong. It's not an actual fact, it's merely an opinion taken from another viewpoint, and at the very least saying it as a "fact" = debatable. The Ordinals users could also argue that "the definition of what Bitcoin truly is keeps moving after each discovery of the network's capabilities".

Having that said, but an actual attack CAN be built through the use of Ordinals, maybe to keep spamming the network to price out onchain financial transactions from the blockchain, or to attack Bitcoin's fungibility.
1576  Economy / Services / Re: [OPEN] whirlwind.money | Redefining Mixing | Signature Campaign ~Up to $150/week on: March 28, 2023, 02:41:03 AM
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=844914
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1577  Economy / Services / Re: [OPEN] BetterCallRaul.it No KYC Crypto Exchange Signature Campaign on: March 27, 2023, 06:18:53 AM
Current number of posts (including this one): 9213
Rank: Legendary
Merit earned in the last 120 days: 65
1578  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: March 25, 2023, 11:28:04 AM
That doesn't truly change the fact that it's ANNOYING, and the fees are more than what they were before Ordinals, doesn't it? I don't want to offend anyone who develops NFT projects, and/or collects/trades NFTs, but you told Artemis3 to move his transactions offchain. The same can be adviced for those dick pics and fart sounds in the blockchain, so in my personal opinion, move them offchain.

Well, he wanted to use LN which is offchain. It wasn't my idea, it was his. I'm providing an actionable solution to an easily solvable problem.


OK, I merely had a different impression.

Quote

What you are offering is just more opinions and complaints which doesn't actually help solve anything.


Opinions? Annoyed because of paying for higher fees, and waiting for a confirmation longer than usual is not merely an opinion, ser. It's truly annoying.

Complaints? Please read through my post history and tell me where I had a negative opinion about specifically Ordinals. In fact, I always try to give everyone, especially the newbies, a non-biased/objective viewpoint about it. I also said it's remarkable, BUT the things that can be built out of Ordinals could open opportunities to attack Bitcoin.
1579  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 25, 2023, 08:58:34 AM
[edited out]
JJG, I believe I may have been in a bearish mood when I posted that that day. But after some meditation, I give you a more bullish context. Bitcoin might start playing the role of "Honey Badger don't care" again and go up in defiance of what the economy, or the legacy markets are doing.
 Cool
Possible? Probably. Unbelievable? Perhaps, but we HODL!

It's not easy to refrain from getting caught up with whatever the BTC price might be doing in the short-term. .and then once some seemingly extreme BTC price move happens, then get caught into a kind of thinking/believe that the short-term direction (momentum) is going to continue (and then suddenly the momentum reverses), and for sure the past several weeks have played out in see-sawing kinds of ways for bitcoin, and even if we look at the BTC price charts, there is nothing in the charts that really look very scary - except perhaps that bitcoin seems to be (at least temporarily) playing out the opposite of the various other calamities that are taking place in the overall market - and there seems to be a quite a bit of hostility being expressed towards bitcoin and maybe even some decently strong attack actions too.. but like you mention, honey badger does not seem to give too many shits, and truly if various governments (like the USA) become more and more hostile (and wanting to battle with bitcoin), then it is likely going to cause battles within the country but also likely cause some of the BTC price movements to get their initiatives from outside the USA locations, so surely there are some sayings within bitcoin that governments are not able to ban bitcoin, but instead they are able to ban themselves from bitcoin..


....and we have seen quite a few examples of governments banning themselves (and frequently certain fall out to their citizens) from bitcoin, but then they seem as if they end up having to flip-flop in terms of their banning and unbanning and then banning again and just showing that they are not really able to have as BIG of an effect on "controlling" bitcoin as they seem to be striving to accomplish - especially since BTC is an international phenomena and the word is getting out more and more that bitcoin has a potentiality (and even a likelihood) to be able to benefit everyone, and even though the "rich" can benefit too, the "rich" are likely going to have their wealth transferred away from them because they are spending too much time failing/refusing to recognize bitcoin and/or to appropriately allocate into bitcoin, which continues to create opportunities that are available to less well off (less financially rich) than other folks in the world to be able to advantage themselves by investing into bitcoin and even attempting to be prudent about their creating and following an ongoing investment into bitcoin that likely will pay off well over the longer period - even if there are continued battles and uncertainties in the shorter-term periods.

and for sure none of this UPpity is guaranteed.. but yeah we HODL and we accumulate BTC if we still have not gotten enough and especially if we are barely starting in bitcoin then we should be considering buying regularly and then maybe saving extra to buy on dips too.. and yes, none of us know how much further dips there are going to be or how much should be saved for the further dips, and that remains part of the justification to just buy regularly and be careful not to wait around too much, just in case dips do not happen and just in case such dips (if they do happen?) do not go as low as anticipated.


That's true, JJG. That's why I believe one of the things that helped me HODL, even through all of the strongest temptations and fear, is keeping my coins in cold storage through an old computer, offline. I panic during crashes and get tempted to sell. BUT starting to get my USB HD, and thinking about the process of signing the transaction, sending the transaction, removing my USB HD from my computer to the other computer, I stop myself.

It was probably just my mood.

Furthermore, if in doubt, meditate with this meme in your mind.

1580  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: March 25, 2023, 08:45:32 AM
Yeah, I'm still waiting for the lightning channel; no tip for me today, thanks spammers.

If you were just trying to receive a tip, you could have opened up a custodial LN wallet and then transferred it to yourself later.

There's always solutions to problems caused by "high fees." Seems like people would just rather complain than consider them.

The weirdest is when people believe their complaints actually have some sort of effect on the situation.


That doesn't truly change the fact that it's ANNOYING, and the fees are more than what they were before Ordinals, doesn't it? I don't want to offend anyone who develops NFT projects, and/or collects/trades NFTs, but you told Artemis3 to move his transactions offchain. The same can be adviced for those dick pics and fart sounds in the blockchain, so in my personal opinion, move them offchain.
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