The number of active Bitcoin users' addresses has falln to its lowest level since April 2020
With the decline in the price of Bitcoin and the frustration of some investors of this cryptocurrency from setting new records, the number of active bitcoin users' addresses has fallen to its lowest level since April 2020, which is a serious alarm for this popular cryptocurrency. With a large proportion of new investors leaving the market after recent falls, the share of whales (large holders) of total Bitcoins has now reached new historical records.
Just looking at the wallet addresses won't give you any clue on how many active bitcoin users are there. Most crypto currency activities take place in an exchange. So you have to look at the trade volumes too. Besides, less active wallet mean people are no longer willing to move their coins to an exchange to sell which means they are all probably holding right now. It's a good thing, isn't it? More holders, less seller, higher price. |
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I was amazed by this news of 14 years old and his 9 years sister making a living through ethereum mining which generates them $32k monthly income, this is so incredible and highly commended, the kids use their old gaming computer to start up this amazing business and there are already expanding. I guess our kids are already taking advantage of the gains of blockchain and are already doing amazing stuff through the blockchain. Link: https://finance.yahoo.com/news/14-9-years-old-making-165453877.htmlLol you really think it's the kids that are doing those mining and building those farms? You really think a 9 years old kid would understand how things work and how to maintain those farm? I am pretty much sure its the Dad doing all those work and just using their kids to gain some attention and to be on the spotlight like most people are doing nowadays. But if he actually is involving his kids here, then at least they are learning something. |
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So when im watching some bitcoin videos on youtube... doesn't matter what it is... could be about bitcoin or cnbc talking about bitcoin, i see in the comments section, people making comments like
btc is the future
i made a ton of money investing in btc with so and so person
then you see someone post someones whatsapp or phone number and say contact this person if you want to make money
telegram
how btc is better than stocks
First off, all these comments are from people or are they bots? I notice even on twitter when it comes to politics, you see these accounts post comments where it sounds like a bot... then you see other users who post the same exact thing.
I assume the scam here is you then contact that persons whatsapp or phone or telegram, then they ask you for money... then you get scammed?
Those are bots. Not a real person. Those bots can crawl through different videos or websites and look for keywords that are related to crypto currencies. Once they find one, they automatically posts a comment. They literally make hundreds of such comments in few seconds and then there will be at least one victim. It's very sad to see people still falling for scams like this. If only people used their brain a little, we wouldn't be seeing people getting scammed by those idiots. |
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I thought they didn't put a full ban on crypto currencies. I have read in this forum that people were still using and trading crypto currencies. It is just that the government has ordered that any financial institution cannot be involved with crypto currencies, hence not allowing banks to process any transaction that involves crypto currencies. My questions here is, the county launching it's digital currency does it means that they have accept and approve the use of cryptocurrency?
Not really. It means they hate decentralized coins but wants to use blockchain tech on their current financial system. What's do you think about their decision, do you think it will have great impact on crypto?
I doubt it's going to have any impact at all. Wouldn't be surprised if they reverses the ban. |
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Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it.
You are saying people don't buy bitcoin because bitcoin isn't like the "traditional banking system"? If that is the case, then its good they aren't buying bitcoin. Because they know nothing about it and has no clue how cryptocurrencies work. They are dependent on third party institution to handle their assets/finances. I am sure they even if they start investing in bitcoin and gets hacked or loses their coins for some reason, they will end up trash talking about bitcoins. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Yep, as long as you have cash and internet, you can purchase bitcoin. No one can stop you from doing that as long as no one knows you are doing that  . |
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Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?
Just a delimma for anyone to think of. I have something in mind but I wanna ask your opinion since I also bet everyday in this casino.
What's a casino token? Never heard of it. If you are talking about tokens issued by the casino, then I would say it's better not to hold them for a long term. Very likely that they own or hold most of the tokens issued. This means they can easily manipulate/control the price. Better to sell them and invest in some other coin like BTC or some other well known altcoins. Not worth it for just $1.20 USD a day. |
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my first post on this forum I decided to make it here since Bitcoin is what I want to concentrate on going forward, I discovered this site through a google search in my quest to get answers to some questions about Bitcoin. And am amazed at how rich in information this forum is I have found almost 50% answers within my short period on this forum all thanks to the members who have been here before me.
I have a very simple question on Bitcoin:
What are the principal technical skills a bitcoin lover needs to have if I want to buy a large amount of Bitcoin and hold it for long-term purposes?
You don't need much technical skills to use and hold bitcoins. You don't need to know how the technical stuffs of bitcoin or the blockchain network at all. But it is going to be better if you try to learn about it. I mean not learn, but read about it and know how it works internally. I am sure you will find it interesting and it will give you a purpose and a reason to invest more. After all unlike other people who just invest because they heard it gives you profit, you will know how good bitcoin is and why it is actually valuable, Right? Like I said, you don't need in depth knowledge. You just need to know the basics and most importantly how to keep your coins safe. Good luck! |
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Anyone know anything about Pi Network?
Will it really hit the market?
What do you think of Pi Network?
This whole Pi network thing is a huge scam. Just google "Pi coin scam" or search the forum. You will see why it's actually a scam. First of all, you don't mine anything (coins are all premined). There is no operational chain for this coin. So where are all those coins? Secondly, you get coins for referring people. Where does those coin come from? Doesn't it sound more like a pyramid scheme or MLM shit? And then, then I have heard people saying that there are advertisements on the app. So yeah, you are watching ads and generating a stead flow of money for them. They are very highly likely selling your data (they make you do "KYC"). You get nothing in return. So stop promoting that shit coin. |
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In a recent speech at the annual PNWER meeting held in Montana, Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, sharply criticized cryptocurrencies, stating that "95 percent of cryptocurrencies are fraud, deceptive advertising and noise," and he also said he had a more positive view of cryptocurrencies in 2015. Kashkari also referred to the large number of altcoins and called them "garbage coins."
He was saying the truth. I mean more than 95% of the coins in the market are just useless coins that are made for pumping and dumping or scamming people. Good thing he is making people aware of those shitcoins that is circulating the market. Now people will do proper analysis of the coins before investing in anything. Just because he was speaking against those scam coin doesn't make him a bad person. But yeah, some people might think all coins are same. |
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Not really, even if it pays good. I mean, I would do it for a while, but I know I would end up quitting soon because I get burned out very easily. Already have a shit tons of stuffs going on. Wouldn't want more. You should tell your friends to try doing something. Maybe sell their skills or services online? There are various platforms where you can do that. If they are good, I am sure they will get hired. Not really. I have got a job and I think I could say I have two side hustles by playing poker and by writing here for signature campains. Apart from that I have to live.
To get a second job would mean to have absolutely no time for me and/or have to give up side hustles, which I would only do if I was very well paid because poker and writing here do not pay me as if it were a second full-time job but I do those activities comfortably from my computer, and with freedom of schedule. I can write/play poker more or less depending on how I am feeling, if I have a more busy social life that week etc.
Yeah.. playing poker isn't a job unless you are some kind of a professional poker player... but will it still be considered as a job even if you are one? Maybe it is, maybe it is not. Got to see if they get paid for playing lol. Better to consider poker as a form of entertainment though. |
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The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
You can't compare bitcoin and ethereum. They are two different networks with different use case. Just because Ethereum is not on the top doesn't mean its not better than bitcoin. The market capitalization means nothing when it comes to determine which coin is better. Bitcoin has a supply which is capped at only 21 million where as Ethereum has unlimited supply. If Ethereum also had a supply cap, probably the value would have been more than it is now. Both Bitcoin and Ethereum is great. It's up to you where you want to invest. Ethereum does have more space to increase in price. |
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Sure, if you are investing in bitcoin or one of the those well known top altcoin, then yeah, be patient and hold for long term. You will be making some very good profit in the long run. But if you invested on some shitcoin and the price went down. Don't keep holding. No matter how "patient" you are, you won't be making any profit. Most of the shitcoins when they get dumped, they never recover! Just sell whatever you have before the coin dies completely and invest in coins that are much better.
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Yes but the pump will come to an end and why people consider it a store of value or a great investment vehicle, one shouldn't forget that hardly any asset can also drop as fast as Bitcoin. If Bitcoin is once worth $10 trillion in total market capitalization and it gets hacked, well, gold can't be hacked at least. That is a risk that doesn't exist. Could it be produced synthetically? So far it sounds unrealistic and we probably would find out about it in a more timely manner than we would find out about Bitcoin being hacked and crushed. I am absolutely pro Bitcoin by the way, this is just some food for thought.
Lol, how do you hack bitcoin? You can't hack bitcoin or the network. The hacks that you are hearing about are security flaws on different exchanges. It's the exchange that gets hacked and all coins stolen. As long as you are storing your coins in a safe place and make sure you are taking all security measures, no one can hack your coins. Just like bitcoins which can be stolen, gold can also be stolen too. Read the history. You will know how the government snatched/stole golds from their citizen. At least they can't do that with bitcoin. |
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I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Not completely true. It's risky if you hold it for short term. It's risky if you don't handle your coins properly. Say, you are holding your bitcoins in a custodial wallet where a third party controls your private keys. Then it's risky. Hold your bitcoin in an exchange, there is a change the exchange might get hacked and you lose your coins. If you safely store your coins and hold it for long term, then yeah, the risk is then very small. But risks still exists and you need to keep that in mind. |
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The meme coins? Not really. Elon didn't create any hype on meme coins. He just said he was investing in Doge coins and that he likes doge coin. He said he will help the doge coin developers and community. Did he tell anyone or force anyone to invest in Doge? Nope. Some people followed him like a sheep, while others took the advantage of this and knew what would happen. It is them who started to promote various shitty meme coins. Yet people keep on blaming Elon for everything lol. The NFT investment is just a hype. It probably won't die forever, but won't be as popular as it is now.
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It usually should be profitable for both the casino and the players. If the price of cryptocurrencies goes up, we should be seeing the number of bets placed and the wagered amount increase (in fiat value). This is because, when the price increases, gamblers will have more money to gamble but will be using less number of coins. Better for casino because they will also be having a larger bankroll.
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Just a quick question : When you deposit whatever coin/token onto a gambling site.. they credit you for that "token" on their internal database. So you do not actually play with the coins that you deposited, but with the credit that are given to you by the casino for the coin you deposited. (It displays it as the token, but it is actually the credit balance on their internal database) Most casinos then push those deposits onto "cold storage" for safekeeping, but they have a small amount in hot wallets for small withdrawals.. etc... right? So, getting back to the "in-house" credits that are managed by the online casinos database... does the transaction speed really matter, if you do not actually use the "token" or "coin" .....because in theory, all should be the same.  The only thing that should matter is the transaction fees and speed... when you have 0 credit on the casino database.. and you want to deposit coins or withdraw a positive balance. (Then you look at fees and transaction speed) When you make a deposit to the casino, you are sending crypto currencies. Those transactions incur fees. Some of the coins have very "high" fees. Imagine you want to play with Ether. You make a $20 deposit, but ended up spending $10 on fees. Also, when you withdraw, you don't withdraw those "internal casino tokens" that you are talking about. You withdraw the coins and in most of the case, it's you who have to pay the fees. Hence, speed and fees of the coin matters over here. |
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Our hope is that bitcoin becomes a global currency that is recognized and accepted throughout the world, the number of companies that continue to develop bitcoin is certainly a good start that the future will continue to shine, this will make us get big profits.
You want the world to accept bitcoin and make it a global currency, but here you are talking about making "big profits" with bitcoin. This means you are not prepared to use it as a regular currency, but as an investment because you consider bitcoin as a store of value. If everyone starts thinking like you, there is no way bitcoin is going to become a global currency. You should first start using bitcoin as a regular currency instead of using it as a medium of getting rich and then expect the world to do the same. |
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Lately the number of fake accounts and bots is rising in Telegram groups.
-snip-
Telegram has always been filled with bunch of scammers, fake accounts and groups. You will find most of the scammers trying to talk to you through telegram. Just don't accept or communicate with anyone random on telegram. Leave groups that you didn't join. If someone on telegram claims to know you (was supposed to add you), verify if its the same person you were supposed to talk to. Is there any app that recognize the real number of people in a group?
I doubt there are any apps that will help you do that. This would cause an issue with user privacy. |
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I mean there aren't any differences right? All coins can be used for betting with the same outcome. But if you are talking about transaction speed and fees, then yeah, coins that has very low transaction fee and confirmation time are better. And those who like to bet regularly and are dependent on fiat values, stable coins are the best for them. But like you said, bitcoin is preferred by most even though sometimes the fee can be disappointing. I guess it has to do something with bitcoin being the most popular crypto currency.
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