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1801  Economy / Gambling discussion / Re: ⚽ UEFA Nations League final four ⚽ on: June 22, 2023, 01:36:14 PM
~snip~

Life is made up of victories and defeats, and this defeat should still be viewed as one transient thing that will quickly become a matter of past. I have no doubt that Croatia will be on the Euro 2024 and that it will show good games there, but if it wants to make a good result again, it will need something more than luck.

The fact is that we are missing something that can push us to the end, and it is up to the coach and the expert staff to analyze the team and try to maybe introduce some new players into the game. Croatia must prepare for the fact that in the future they will play without some very important players, and it is still unknown whether Luka Modric will continue to play for the national team.
1802  Bitcoin / Project Development / Re: I am looking for an investor in a proven and profitable business! on: June 22, 2023, 01:13:56 PM
I will wait for offers until day end.
If I don't find a suitable partner, I will start alone.

Isn't that the best thing for you? You claim to have knowledge and experience, a good business model and you think you can profit from all this. You have to understand that most will not invest in such projects, especially if it comes to Telegram, which is a real paradise for scammers.

I don't say you're scammer, but this whole concept you present is not promising, no matter what you show that some others profit on such services (supposedly), as well as having someone who has fantastic results in trading.



I am not an expert or a trader. I have simply agreed with a high-level trader who has statistics to back it up. (! He is in the TOP 10 best traders of all time on Binance exchange by earned ROI %)

First you say that you have experience, and now you claim that you are not an expert or trader, while at the same time you blindly believe that someone realizes 2000% of profits. Maybe you should read the following topic :

3068 Trades Won and only 1 Trade Lost
1803  Economy / Economics / Re: Let's imagine you were the president of your country, How would your Economic on: June 22, 2023, 10:37:04 AM
So if I were president in my country, I wouldn't be able to do anything meaningful because the president doesn't have the powers that could affect the economy. For that I would have to be prime minister, and in order to make some changes I would have to have a team of professional and honest people around me.

I think one of the biggest problems that every government needs to solve is corruption and bribery within politics itself, and for that politics should cease to be a business, instead of working for the benefit of its own country.

The first thing I would do is increase wages for those who work the hardest/most dangerous jobs and fight poverty by all means necessary. Then I would introduce mandatory education for all children in terms of all addictions (cigarettes, alcohol, drugs, gambling) which would have an effect on their health in the future and generally reduce health costs.

Of course, there is a whole spectrum of measures that could be done to improve people's lives, and as I have already written I would start from the bottom up, because those who have a lot of money can take care of themselves anyway.
1804  Other / Beginners & Help / Re: What type of posts should a newbie post? on: June 22, 2023, 09:49:39 AM
Why every Newbie thinks he has to need to write something on the forum, while on the other hand most completely neglect what is much more important, which is to start reading the rules and the sticky topics. What I'm saying is that there are already adequate answers to every such question, and if they are asked indefinitely, it's just a waste of time for all of us.


~snip~

I think you're asking too much, but if nothing else, at least you've tried Wink
1805  Bitcoin / Bitcoin Discussion / Re: What is next for Bitcoin? Seems like the only winners are early adopters unless on: June 22, 2023, 09:27:39 AM
~snip~
I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail

In this case, it may be better to keep your money or invest it in something else, because why would I or someone else assure you that Bitcoin is a good or bad choice for you? When you say "something made out of thin air" it is more than obvious you don't understand even the most basic.

Maybe you should study mining and POW and read Bitcoin white paper, and if it doesn't help, I suggest you may buy a picture of the sunset and find the value by looking at the same Wink
1806  Economy / Economics / Re: SEC fighting for the publics my ass on: June 21, 2023, 02:10:56 PM
~snip~
Now these people can really keep track of your freaking lives and money, congratulations.

Do you live in the illusion that they (authorities) couldn't do it before? Authorities just need to request information about users and be sure that each CEX will work and submit this information. So I wonder where you actually see the problem?

Maybe you think CZ is some great leader that takes care of its users and does not share their data, while he was enriching himself at the same time, allowing hundreds of scammers to promote and trade their shitcoins through his platform.

Besides, do you really think they (the government) are so desperate to profit from cryptocurrencies since they actually have a money printer? What they really want is control, but they can only have it if people let them - in other words, why would anyone even use that new CEX?
1807  Economy / Service Discussion / Re: Btc accelerator sites on: June 21, 2023, 01:24:50 PM
~snip~
It's meaningless to send with 1 sat/vbyte or 2 and broadcast your transaction over and over again.

I agree, but some still think that Bitcoin is anonymous and transactions are super cheap in the sense that you pay 1 cent and nothing more. On the one hand, they don't mind when CEX charges them $5 or $10 for a withdrawal, and on the other hand, it's a lot for them to pay $1 when they send it from their personal wallet.

It all boils down to the fact that one should always expect an increased number of transactions, and that the fee that has been paid may become insufficient at that moment - that's why I always pay a few sats more if I want a confirmation as quickly as possible, with of course RBF, which is something that everyone should learn to use.



Forget about accelerators, because there is only one that "works", but only if you meet certain conditions such as minimum fee and transaction size.
1808  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Pink Drainer: The Latest Threat to Crypto Investors. on: June 21, 2023, 10:52:04 AM
This news is a week old, but I still wanted to share it with all of you because I believe it will shock you when you read the full articles and see the prominent names in the tech industry who fell victim to these scammers.


What prominent names are you talking about? I see some people there that I have never heard of...

According to the article, hackers managed to steal $3 million in digital assets from 1,932 victims by posing as journalists from well-known media outlets like Cointelegraph and Decrypt during fake interviews. The hacking gang, known as the 'Pink Drainer,' gained access to accounts through social engineering, tricking victims into trusting them and leading them to websites used to obtain Discord login keys.

It's really fascinating how naive people can be, because how else to call people who agree to KYC for an interview? This just proves that there are a lot of people who have no idea what they are doing, and they have always been and will be easy targets for any average hacker.

Quote
After gaining the trust of their victims, threat actors inform them that they must perform a KYC (know your customer) validation to prove their identity, directing them to websites used to steal Discord authentication tokens.
1809  Economy / Speculation / Re: Bitcoin Price, Where Next on: June 21, 2023, 10:34:12 AM
Wow bitcoin is pumping, price breached $28,000 which is up over 8% in the last 24 hours. All these rumours about ETF applications, maybe somebody in the know has info & is front running it. Definitely need to keep an eye on this situation.

Maybe it's just another in a series of bear traps, and every positive news is always used to push the price to a level where the smart ones who recently filled their bags will dump everything and make a great profit. What was the reason that the price two months ago was over $30k?

The next 24 hours are critical.

Critical for what exactly? I don't see a single logical reason why it would make any sense, no ETF will be approved for months, there is a procedure that must be followed even if the SEC has a positive opinion at this moment (which apparently is not the case).
1810  Bitcoin / Bitcoin Discussion / Re: BlackRock and Fidelity both apply for bitcoin ETFs on: June 20, 2023, 02:16:41 PM
~snip~
For reference, the entire crypto market cap is around ~1 trillion dollars (also from Reddit).

Assets under the management of the two companies are impressive, but one should not think that a significant part of these funds will start spilling over into BTC if the SEC approves that spot ETF at all. We thought that futures BTC ETF would have some impact on the price, and today no one mentions them anymore.

It's one thing to have a financial instrument that will make it easier for big investors to invest more easily, but something else is to convince them that Bitcoin is something they should invest in.
1811  Economy / Economics / Re: Lucky you do not sell to blackrock on: June 20, 2023, 01:51:45 PM
There is a thing that I don't understand, these people buy high sell low and call it trading while trading is to buy low sell high. I don't really understand if someone is confident enough to think that Bitcoin's price will go down and sells coins, why not just short sell them? I don't understand if you are so confident, why should you not profit from loss, why do you just sell it.

What I can tell you from what I've heard from a lot of people over the years is that at least 9 out of 10 people still suspect Bitcoin is some kind of internet scam and every time the price goes down they panic and start selling. Of course, over the years, some have understood the rules of the game and started acting a little more responsibly, but the flow of new people is constant, and they obviously want to learn from their own mistakes, although they are of course the most expensive.

Btw definitely this dip was a good time to buy, the price went down to almost 1/3 of its all time high and ATH always significantly increases after every halving. Meh, people make such a stupid mistakes, maybe the CEO of Ledger was right Cheesy Just kidding.

I believe what I've heard and seen, and he and his people obviously feel that most of their users aren't intelligent enough to write down 24 words on paper and keep them safe. I'll just say that for anyone who isn't able to do that, Bitcoin is definitely not something they should invest in.
1812  Other / Beginners & Help / Re: Can someone please ELI5 what is spot Bitcoin ETF that BlackRock is trying to... on: June 20, 2023, 01:28:36 PM
~snip~
Edit: it is veery strange to see a  pension fund buying bitcoin directly.  Probably theree is some specific legislation in their state to allow such thing, which is very weird and not common, even in us.
It is an exception

I haven't researched if that's the exception, but I don't think there might even be any particular rule that would prohibit pension funds from investing in Bitcoin or anything else when it comes to the US. We also have an example from Canada where a large pension fund invested $95 million in FTX, which only tells us that such funds have great freedom when it comes to the assets of their clients.

Ontario Teachers', one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection.
The fund said it invested $75 million in FTX International and its U.S. entity FTX.US in October 2021, and then another $20 million in FTX.US in January of this year, according to a statement.
1813  Economy / Economics / Re: SHED - Fed Reports on Cryptocurrency usage by US Households on: June 20, 2023, 01:16:52 PM
~snip~
No matter how greatly we speak about decentralised and stuff, the reality is, unless the government is friendly, nothing can grow.

You are not far from the truth, because the world is more or less in a tight shackle of centralization that tries to limit human freedoms and rights even more. Realistically, the more people in the world, the more the authorities have to tighten the hoop and set frameworks to control the broad masses.

If we are to be honest, we can conclude that they mostly succeed because people mostly do what the government asks of them. Given the current attitude towards cryptocurrencies in the US, we can say that this is likely to have some implications for investors, although it should be emphasized that the SEC does not focus its actions on Bitcoin but on CEXs and the altcoins market.
1814  Economy / Speculation / Re: Bitcoin Price, Where Next on: June 20, 2023, 01:01:33 PM
Only partly true — this is different because it's BlackRock — the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied.

As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure.

Didn't Fidelity try the same thing a few years ago? If we look at data from the end of 2022, Fidelity has as many as $10 + trillion assets under management, while BlackRock has only $8.59 trillion. I agree that BlackRock has probably the best chance of being the first to launch the ETF spot, although there has been news that Fidelity will also enter the race, with its spot ETF and with the offer to take over Grayscale.

I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.
1815  Other / Meta / Re: Another birthday - how about an octogenarian club here? on: June 20, 2023, 12:33:25 PM
Happy 81st birthday to our oldest member who is still active in every sense of the word🎂🍾🥂

As far as I know, another member could join you in that club, although it seems to me that he is a little younger than you @philipma1957

1816  Economy / Speculation / Re: Bitcoin Price, Where Next on: June 19, 2023, 02:51:30 PM
I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.



From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I don't know, summer in the northern hemisphere has always seemed to me to be the time when most people go on annual vacations and don't care too much about investing or trading cryptocurrencies. Therefore, it seems to me that the summer could pass as a very boring period, unless something super positive happens, although I don't see what that could be. Maybe Joe will say something like "I love Bitcoin" considering that every now and then he has some genius statement Smiley
1817  Economy / Economics / Re: SHED - Fed Reports on Cryptocurrency usage by US Households on: June 19, 2023, 02:20:05 PM
Personally, I was not surprised that people in the US live worse compared to a few years ago, but what else can we expect when we know what measures were implemented to suppress the pandemic around the world. Debts have obviously come due, but not only in the US, but also in Europe, which has a bloody war in its backyard as an additional weight, in the constantly present influx of migrants from Africa.

As for cryptocurrencies, we should also not be surprised that the percentage falls, and this is expected at a time when people are forced to sell to meet basic life needs, but also considering that most small investors generally want a quick profit, which means that they are waiting for a big bull run to invest.
1818  Other / Beginners & Help / Re: Can someone please ELI5 what is spot Bitcoin ETF that BlackRock is trying to... on: June 19, 2023, 01:03:29 PM
~snip~
A bitcoin etf is important specifically for institutions which cannot buy a bitcoin,  due to regulations.  For example, pension funds cannot buy bitcoin, but they can buy an ETF.

This would not be true, at least as far as the US is concerned, because there are cases where pension funds have even invested directly in Bitcoin. In my opinion, ETF is still something that will be used by those who want to trade with BTC, but do not want to have direct contact with it in the way that they have to directly buy and store it.

It is possible that the spot ETF would be something that will attract even more large investors, although for those who invest large sums of money in the long term, nothing but a non-custodial solution actually makes sense. The risk of hacking or some other accident is too great, at least in my opinion.

The Houston Firefighters’ Relief and Retirement Fund (HFRRF) made news recently when it announced it was investing $25 million in bitcoin and ether, marking what was believed to be the first time a U.S. pension fund had put cryptocurrencies directly on its balance sheet.
---
To be sure, the HFRRF was not the first U.S. pension fund to invest in crypto more broadly. That distinction appears to belong to the Fairfax County Police Officers Retirement System and Fairfax County Employees’ Retirement System, which in 2018 began investing in funds managed by Morgan Creek Digital that would eventually add up to a combined $73 million.
1819  Economy / Gambling discussion / Re: ⚽ UEFA Nations League final four ⚽ on: June 19, 2023, 10:08:53 AM
Unfortunately, Croatia once again missed a great opportunity, but I think that to win against the biggest ones you still need to play at a much higher level. I honestly expected a much better game by both teams with a lot of goals, but this new Spain is not yet as good as the one from the last European Championship when it beat Croatia in extra time.

Penalty kicks are always a lottery, and this time luck was on Spain's side. Still, being in the finals for a small country of 3.8 million people is also a great success, especially if we take into account all the successes in just over 30 years of existence of the modern Croatian state.
1820  Economy / Economics / Re: Lucky you do not sell to blackrock on: June 19, 2023, 09:54:45 AM
I tend to agree.
Also, Blackrock wouldn't be buying Bitcoin even if that ETF had been approved.
The point of an ETF is to be balanced for the issuer. Such structures operate in a risk-neutral way: money in from the customers, money out to buy Bitcoin. There is no need to front-run the customers trying to profit from directionality.

It definitely makes sense from a risk position, although the public's perception (or at least some people) is that BlackRock will suddenly buy some crazy sum of BTC and thus start a big bull run. What remains to be seen is how the market would react to the first spot BTC ETF in the US (if approved), but a few days ago I saw one video showing that futures BTC ETF recorded a significant decline in 2022 and 2023 compared to the years before.



Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

This is probably the case, although it should always be remembered that past events do not guarantee that the same will happen again in the future. The only certainty that will happen is halving, but there is always the question of whether it can cause the same effects as it did in the past.



As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.
~snip~

As far as I know BlackRock doesn't own Bitcoin and it's not on any list of public/private companies mentioned in that context, but what makes you think that's the case is the fact that BlackRock owns a 6.76% stake in MicroStrategy which owns 140 000 BTC.
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