No, I believe they are not, especially if there's too many people who are looking at the same indicators, making their trades more "transparent" then therefore easier to counter-trade by the smarter traders.

OP, I read your PM in my inbox. I believe the best strategy for us plebs is to make our investments by HODLing them very long term in mind. We make less mistakes, and some of the mistakes can be corrected through dollar-cost-averaging. But if you want a more active trading strategy, I suggest "Index Building". There was a Cryptocurrency Indexing Building site before called Panda Analytics, but it's currently down. Find an alternative, and post it in the topic if you find one.

Developed by Casey Rodarmor, he built Ordinals to give its users the ability to transfer individual Satoshis between each other by taking advantage of the Taproot upgrade, which can also store NFT data in Taproot script-path spend scripts.

I'm still learning about it by reading and rereading this blog, https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions

n0nce, pooyah, and others who are technical/high IQ, please ELI-5 for the newbies and the plebs like me. Haha.

Plus what's everyone's opinions/thoughts about Ordinals?

What if the Bitcoin community could get consensus on building another chain, let's call it "The Miner Chain", that's merged mined with Bitcoin to continue incentivizing the miners through the "Miner Chain" with block rewards, for them to keep securing the network? Would that be a possible solution? Or would it just be something that could make some problems on the incentive structure?

Effect in theory might be bad, but it might start something that could lead to a more feasible solution.

 

Gaslighting again, franky-101? Don't make it look that I have just made all of "my research" recently. I, and some of the other more out-spoken people in the forum, have been informing, and telling what's technically true about Bitcoin when you were spreading disinformation about it.

Plus, I must thank you that you and Joland_Fyookball helped me learn THE HARD WAY about Bitcoin, after all of the technical disinformation that you did. That shouldn't happen to newbies, and plebs like me again. You mislead many people.

I believe you didn't get the context, franky. Read OP. The point of the topic is the cabal of the Federal Reserve's tendency to over-adjust, which causes the boom-bust cycles in the economy.

I posted, https://bitcointalk.org/index.php?topic=5132720.msg61609753#msg61609753

A Deflation in 2023, IF it DOES happen, what will the cabal of the Federal Reserve do based on what they have always done during the past recessionary periods? They always did QE/BRRRRR-Money-Printing which causes everything to surge and start another super cycle of bullishness.

OP, it's not the tool, it's YOU. We plebs can suggest every different tool available from the internet from you to use in your day-trading, but it can't change the fact that WE plebs might not have the necessary resources/capital and the necessary qualities to trade against the traders that have the capital and the qualities. BUT if you truly want a suggestion for "a tool", obviously the most common suggestion that's free, and very useful to start learning Technical Analysis is Trading View.

It depends on you. I personally have my main cold-storage seeds in encrypted USBs, hidden in different secret locations. One secret location is in my house, another one in my car, another at work, and the last one in my old room in my parents' house. They all look cheap, ordinary USBs, with directories named "My Files" with old useless/random files from work scattered with the encrypted folder nested in another folder with more random files that contains the seeds. The USBs can only be opened in Linux

It's DOPAMINE. There was a study that people addicted to gambling, sex, and drugs showed the same patterns under MRI.


It's probably also the same when you're trading cryptocurrencies. The thrill of taking a risk in a shitcoin will perhaps release more dopamines in your brain than buying Bitcoin, then sitting on your hands for the HODL. Hahaha.

It might also be why 90% of people trying to "trade" lose their capital because they can't stop themselves from looking for their next dopamine rush.

The "less influence on Gold, and Bitcoin" either increase or it decreases depending on the situation of the market. Everyone should try to research about Pearson Correlation Coefficients between different cryptocurrencies, then include Gold and Bitcoin. If the value is = 0.50 - 0.75, it's fairly correlated, and if the value is = 0.75 and above, it's definitely closely correlated. It changes from cycle to cycle or cycles within a longer cycle.

My guess would be, its yearly value might be around some points above 0.50 because check the charts of Bitcoin and SPX Index. The peak during 2021, and the valley during 2022 were mere months different.

I was just merely making the reason clearer for the newbies, and the plebs like me, franky. I never said you were doing something in this topic.

 


Satoshi chose POW because it was the only FEASIBLE option available, and it STILL currently remains the only feasible option right now.

Plus in case many of you forgot, Wei Dai's B-Money experimented with a form of Proof Of Stake, I believe it was the first  to resemble a POS coin, but later said it was impractical because it couldn't solve the double-spend problem.

Let me just interject, for OP and the newbies in the forum who might misunderstand the post, that the mechanism is NOT "purely useless", it was designed as a way to be a Sybil Attack protection mechanism for the network. It's also where Satoshi's brilliance is shown because it also was implemented to be the mechanism for issuing the currency, and therefore also incentivizing the miners to keep continuing.

It doesn't what many of our opinions are, Bitcoin as a censorship-resistant cryptocurrency will be used where it's needed, and where it can help a person, a group, or a nation of people - for better or worse. Plus with that, the price will surge, and the speculators will come - miners, traders, investors - from many countries, and of different social classes.

The economist Milton Fried envisioned a decentralized currency years before Bitcoin was invented. That indicates that there truly is a need, a natural evolution for money, but there wasn't a solution found to solve the Byzantine General's Problem until Satoshi implemented POW.

I'm merely giving them the benefit of the doubt, and I usually do especially if it's a new service or product for cryptocurrency users. Plus I respect the cynicsm, but the point is, wouldn't it be unwise of them to exclude Bitcoin by default, and be closed source.

To let you know what I truly think, in my own personal opinion, no one should trust the product if their engineers/developers believe that doing both excluding Bitcoin AND releasing the product closed source would be wise decisions.

You came in the topic, and tried to derail it, without understanding what it is truly all about? I'm disappointed franky. I thought you were smart. Read OP!


You then try to gaslight everyone into believing that the topic was swerved into something else. Newbies, did you see that? That's = franky-101.

I'm very confident that they will, and that QE/BRRR-Money-Printing will return, BUT everything must be going through a deflationary cycle and a recession first. Wait for June, and check how high the inflation rate is in the United States. It might fall faster than projected. Plus why the United States? Because they are still the economic leader of the world, and every economy will follow that lead. Not China, not Saudi Arabia, but only the United States.

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.


It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

The state of the economy. If it's in a recession the people would have no, or less, disposable income available to invest in stocks/bonds/cryptocurrencies.

Market sentiment is also another important element that can influence the price of Bitcoin. Because if everyone is bearish, there's less demand, and if there's less demand = no surge in price.

But what do you mean by that? The people in power don't need cryptocurrencies, it's actually a "pest" for them, a "Rat Poison Squared". They have no need for a permissionless, decentralized cryptocurrency because it would take away some of their control over plebs like us, and give plebs like us the ability to go around their laws.

I believe Russia should start thinking that they're like plebs like us. They buy could Bitcoin, and could weaken the West's  political strongholds. Because of the price caps imposed by the West, Russia could peg oil to Bitcoin and increase or decrease the peg depending on demand.

Can you post a link where it said that? It would be unwise, as a developer in crypto, to build a hardware wallet, then exclude Bitcoin.


It's not officially open/released to the public yet, I believe we should give it more time. Because that's going to be another unwise decision if they, as again developers, would make their software closed source. But if their market is the newbie-plebs during the next bull market, they might sell them in large numbers in a short amount of time.

OK, franky-101. You have already made your point. Please stop derailing the topic, and open your own and go start being a drama-queen there. I'm merely trying to make an argument that because of the tightening/QT, it might cause a delationary cycle that could start in 2023.

Plus if the deflationary cycle causes a recession by all definitions, in history, the cabal behind the Federal Reserve has always reacted exceedingly. Based on that, there might be massive QE/BRRRRR-Printing like 2008, and what did that bring to the market? Surges to ATH after ATH, a super cycle.



Quote me if I'm wrong, ignore if I'm right.