Credit cards are a big problem even here where I live, people just spending money they actually do not have.
Well you have really a point spending the money that you will be paying it later on. well that is really the purpose of credit card since people likes not bring money and using their card and pay it though it is still okay but when you reach your spending limit then thats not good really since you really spend a lot of money which youve reach it. You will really sink into debts and having hard time in paying it. Also important to point out I think that this system of credit exists also on a much wider scale. Credit was initially made for businesses,,, supermarkets and shops that used credit to stock up their shelves, and only pay back when they had money/income after selling goods to people. Retail credit is another beast, the expectation is to pay from salaries but ten years ago they issued credit cards to people without salaries:) |
|
|
|
Infinity is a long time  It will last untill it's replaced by something better. Just like fiat and gold is being replaced by crypto in these years. The only reason it hasn't happened yet, is because governments are trying to prevent it. Infinity is just a concept,,, and 100 years for us many will not even be alive so 100 or 1000 years makes no difference in the concept of infinity, which makes it perfectly valid for now to say Bitcoin has lifespan of infinity. But so many things happen in tech in 10 or 20 years,,, we would have to adjust this thinking in another 10 years. |
|
|
|
|
It does make logical sense especially when we remember also towards end of last year exchanges also had low BTC reserves but this is to me always just retail people,,, OTC is always able to buy or sell big volumes. Then again we remember also the same happened in 2018 but rally did not come as expected right?
|
|
|
|
I think the vast majority of us on this forum would agree that Bitcoin is better than gold as a store of value and that it would make sense to absorb its market cap. If we have Bitcoin with a market cap of about $1T and gold with a market cap of about $11T, we see it quite likely that Bitcoin in the not too distant future will have a $10T market cap and gold $2T. This would leave us with a price of $0.5M per Bitcoin.
Better I do not know,,, easier to own, easier to keep, easier to sell, yes. Gold keeps value much better than Bitcoin though, as it is more predictable and less volatile. Bitcoin over 5 and 10 years yes, but if you suddenly need to sell your BTC within 2 or 3 years of buying it, be prepared to sell at a huge loss. Hence not a store of value equal to gold, hence not much absorption from gold market cap. |
|
|
|
|
To add to what LeGaulois said this is true actually and something I forgot to think about,,, we do not really use Paypal here but we have tons of other options and if you check local traders, they are even offering to buy or sell btc in loads of other digital currencies, including even mobile gaming cash, but the commissions will be very high OR the fee is 20/30% higher but people actually are willing because either that currency is hard to cash out (like mobile gaming) or they feel they can earn more by gaming.
As he said,,, supply and demand.
|
|
|
|
|
Also I read about the protests not on mainstream media and this is what a few people were talking about before the press came out and condemned them for being anti Bitcoin!
You cannot just open Bitcoin business,,, and tell everyone they can use it when not even everyone has heard about it. 4 out of 5 is 80% of citizens and this is a lot of people to teach first before putting out ATMs and asking business to accept.
|
|
|
|
Because of waiting for more dump of bitcoin last month when it reaches $30k I missed the chance to buy at its low value, I am really waiting that time for $25k before I going to buy more bitcoin but then I missed the chance and I was able to buy at $33k. As of this current value, I can say that it is still good to buy more bitcoin as it can't really go up to $100k for this year.
But if you are planning of investing in the long term then every time should be the perfect time for you to invest as the value of bitcoin increases year by year.
Well BTC is still below $50k now and it has been now 5 weeks in the 40-50 range, so you had plenty of time to get in. If you thought missing out on 30k is bad because we are at 40-50k,,, imagine how much more regret you will feel missing out at 48k when BTC is above 100k  You are saying it cannot really go up to 100k this year, why? |
|
|
|
I tested out Casino Live yesterday to wager 5 mbtc and it was very fast, I tried roulette as suggested and did it with small bets. According to your player history which is recorded after your bet is wagered, everything is very clear, your profit and loss plus your amount wagered, so very easy to track. I did not lose any money,,, I chose to go for even, and did so successfully. It does feel like a lot of money right now so I may drop out early  |
|
|
|
It is even better when the market crashes, I took advantage of the latest two biggest falls in our crypto history and I am quite happy about it, many more before that but the latest two have been great. I bought bitcoin at 6.5k on March 2020 when it crashed (more like early April when it recovered from under 4k to 6.5k I think but do not remember exact day) and then it peaked at 64k, I sold way before that to go into a project that we made with my friends which didn't really hurt me too much, but didn't help me at all neither, just lost a grand there which is not end of the world but I made a decent return when I bought bitcoin after the crash.
Second was the latest one, from 64k to 30k was so obvious that it will recover, sure it could have gone even lower but it would eventually recover that part was so obvious, so I bought at 33k and made a good return now as well.
I did not take particular advantage of those two big crashes (I only know the one in March last year in my recent memory) but I am happy to do regular buys or rather to earn along all those times, so it is always advantageous to me,,, and I am fine with that. Well done to you. Every deep crash is good for me as it signals a few more weeks or months to get more coins since I earn in btc. |
|
|
|
|
I always believe localbitcoins is the standard to follow from country to country. Traders there know they have to compete with exchanges so they always offer the best rates. Just check trades on localbitcoins and see the price they sell/buy. It is around 3 to 5% if not sometimes even better. Then compare that to your exchange and see if it is not far from it,,, too far and you should look other places.
|
|
|
|
One major factor I feel is affecting bitcoin is global acceptance, not as general currency. But as a legal platform. Having world power countries settle with this would really make a difference for Bitcoin.
The factor of supply and demand of the coin in the market really can't be overlooked as it determines scarcity or abundance in the market.
Not really. Even before any major government accepted it,,, Bitcoin was already deemed by people like you and me as currency. This is what is most important. Unless you are a business that must be regulated, you can use BTC even if your country bans it. That is the beauty of a decentralized network under no control of any single person or power. |
|
|
|
I agree with lea-1334 and Rodskee.
I am new to the cryptoworld and the only thing I am sorry for so far is for not jumping in sooner. So far, it all seems to depend on whether you believe in crypto in general or not... If you do, in the longterm you just cannot lose - any investment turns into profit.
So do not repeat that mistake then:) Get in now, there is never a "good time" just a "better time". I cannot and will never say the same about altcoins as they are never guaranteed to be around but Bitcoin is for sure sticking around for a very long time. 1 BTC is always 1 BTC and it will always be in demand  |
|
|
|
Milan has added two solid midfielders in Bakayoko and Junior Messias. I like the addition of the Brazilian (who has a very unusual past, google him if you want to learn more), he and Simy pretty much carried Crotone last season.
This is what I enjoy the most about the forums here,,, that you always find nice tidbits like this to read about. Very unusual,,, but I think for me the most unusual story to read this season was how a Bundesliga player actually smuggled himself into the country and got a fake passport and eventually played football and got citizenship. Related to your story is a former Afghan minister, Oxford graduate, who ran to Germany (also) and is now working as delivery boy. https://www.france24.com/en/live-news/20210830-work-is-work-afghan-ex-minister-now-delivers-food-in-germanyRent is 420 euros a month, and he probably got a small place to live alone, that is almost 3 times minimum wage here, fantastic world we live in,,, humans are so amazing! Oh,,, and Moise Kean back to Juventus now? Good for him! |
|
|
|
Yes, most probably it's going to be cash money for gambling. No more credits are you will sink deep in your knees and it's going to be hard to pay your gambling debts. And maybe this is what the government of Ireland is trying to do. Protect them from incurring charges from the banks itself because most likely this gamblers can't pay on time.
Ah I see,,, do not know why I did not see it earlier. So it is just a problem of gambling on credit, which is one of the worst reasons to borrow money. Then I fully support this actually. Although,,, they should make allowance for debit card since debit is just paying on a balance you own. Credit cards are a big problem even here where I live, people just spending money they actually do not have. |
|
|
|
Thank you for the link to guide. IT does not actually know the good price to use though, maybe a guide on what gas fee should I pay and how to determine that step by step?
Yes, it's really problem. For example, I wanted to buy NFT on opensea with price 15$ using Metamask, but I couldn't. Commission was about 90$. I tried to set gas lower, but then transaction failed. The last few days gas prices have gone up now it is above 100 gwei price and even the cost of minting NFTs apparently is above $200, so yes, this is a problem now and once ETH crosses $5000 it is a race to see if ETH 2.0 will fix it or will Layer2 solutions become more widely adopted. Moving to BSC is a temporary solution only. |
|
|
|
Bitcoin is not being trapped anywhere trust me,,, ask any big chinese business man right now if they will accept BTC and they will say yes, 100%. China as the state and the government has banned mining, and trading, and investing. But they do this and have not restricted ability of people themselves to use and learn crypto.
Of course Chinese businessman are willing to accept it, but their government doesn't and restrictive, so still very difficult for any Chinese to proceed with anything that involves bitcoin. The crypto community is still strong, look on this forum and find the same  Yeah, just shows how bitcoin has grown through the years. So with or without Chinese influence, we can still go and survived. Difficult yes,,, I cannot disagree there, but it is usual for crypto in general to go through all these periods of ups and downs and states and regulators work out how to deal with it. And on the other hand for businesses, it is right that they should go through with these pains so that the market works out better for the consumer in the long term! |
|
|
|
I don't know how other players are doing but I think I never had more than two correct predictions in 6-6 promotion, I don't remember if anyone won $100,000 so far, and maybe Sportsbet should change conditions and make it a bit easier. I wish I had more luck with this free bets, but if anyone is going to win this it's going to be someone from Brazil I think Thank you for reminding us,,, I think you are right, someone from Brazil will one day pop up and show it all off here You do even better than me then as I only get 1 correct 8 times, and the last 3 rounds in a row. This is much tougher than it looks, I am glad I do not make multilegs very often |
|
|
|
|
a) 14 b) 1:43
a) 16 b) 1:52
|
|
|
|
Remember,,, the last president candidate who wanted to go full Bitcoin eventually had to go on the run, and was captured abroad, and died in prison. So I do not think it is healthy or even good for any guy who wants to be president who also wants to be pro bitcoin. This is only half a joke of course  |
|
|
|
|
Show Posts
