Bitcoin Forum
June 20, 2024, 04:26:15 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 [98] 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 ... 817 »
1941  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.
1942  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).
1943  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.
1944  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.
1945  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.
1946  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.
1947  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.
1948  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

1949  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
1950  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.
1951  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.
1952  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.
1953  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.
1954  Economy / Reputation / Re: Does The Spammer Tag From actmyname Stick Forever? on: June 19, 2023, 09:25:37 AM
~snip~
But there is one more thing that bothers me. I saw a lot of accounts marked as spammers by actmyname, those accounts were marked a long time ago, now they have changed and are no longer spammers.

Not that I'm going to go check your allegations about who is or isn't a spammer, but considering that @actmyname is one of the more respectable members of this community with an impeccable reputation, I have no doubt that every spammer deserved such a tag at the time they got it.

I initially praised a actmyname for taking the time to flag spammers, and making this forum better, but I was disappointed that actmyname didn't take the time to check whether what was tagged had changed or not.

I'm just going to tell you one thing, and that's real life that sometimes becomes a lot more important than any online activity. Just because someone doesn't have time right now doesn't mean they don't want to do something, and if you're so worried about it, maybe you can help him and make a selection of those members you think are no longer spammers.

Is it fair if the tag sticks forever? I'm just a newbie, honestly I'm scared to say this because it might result in someone flagging my account

Most members will not leave any feedback for no reason, and if someone does (and does it often) then chances are that they will not be a DT member for long. So you don't have to worry too much as long as you follow the rules of the forum.
1955  Economy / Economics / Re: Lucky you do not sell to blackrock on: June 18, 2023, 10:59:16 AM
A few day ago blackrock happy was buy cheap many btc in the market.

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I don't know who you are addressing with this post, but you obviously don't know how trading works - not all people in the world are exposed to the US market, nor do they sell through CEXs. I didn't sell anything, and I believe that most of the forum members didn't sell anything significant these days - in fact, I think that many took advantage of the dip and bought BTC.
1956  Economy / Gambling discussion / Re: ⚽ UEFA Nations League final four ⚽ on: June 18, 2023, 10:34:49 AM
The match between Croatia and Spain will certainly be special for Croatia for several reasons. The first is, of course, the great desire to win gold after success at the last two world championships, and the second is that this may be Luka Modric's last game for the national team.

In this regard, it should be mentioned that there will be around 25 000 Croatian fans in the stadium and that they will create a great atmosphere, and that a special moment will be in the 10th minute of the match when all the Croatian fans will sing a verse of a popular Croatian song that will be dedicated to Luka Modric. The goal, of course, is to try to convince Luka to stay playing for the Croatian national team even after the League of Nations final.

As for betting, I will again recommend the option of both teams scoring a goal with three or more goals in a match that has odds of around 2,4. For those who don't remember the last European Championship, these two teams played a great game that ended 3-3 in regular time, and there is no reason why it shouldn't be a game with a lot of goals today.
1957  Bitcoin / Bitcoin Discussion / Re: How to fight with FUD about Bitcoin on: June 17, 2023, 02:39:05 PM
There are a lot of so-called experts who either have some personal agendas or work for someone whose goal is to create public change about someone or something. Such people can only be fought with hard facts, but not in a way that we think that they will change their minds, but that others see how wrong they are, and if we succeed, then no one will take such people seriously.

~snip~
Now, I'm getting more concerned because he is spreading negativity in most of the questions. What can I do? Is there anything legal step someone can take, any foundation working on such issue? Or how can I invite him for a debate? I can simply put him on ignore but I'm also concerned about people getting wrong message. That's why I'm thinking something different.

You can try to report his posts as content that is inaccurate/misleading, and as far as I can see Quora has a report system. I'm not familiar with how their system works, but if you're going to do something about it, then you better try to go in the direction of making it impossible for him to do what he's doing.

You can report content or users that violate Quora's policies using the "Report" option in the "..." menu.
From the Report menu, choose the option that best describes the policy violation. Clicking submit sends your report to Quora's moderation team. Submitting a report through this channel is the fastest and most efficient way to get your concern addressed.
1958  Other / Beginners & Help / Re: Pirated Windows builds with crypto stealer on: June 17, 2023, 02:02:03 PM
You can buy a Windows license key for $9.
~snip~

You can buy it even cheaper if you look at the Goods board on this forum, noting that you should be careful because there are a lot of scammers who are willing to do anything for a couple of $ profits. But the question arises as to why people even pay for Windows if we know that at least version 10 was free to upgrade, and almost fully functional even without a license.

People have to completely forget pirated software if they do not want to infect their computers, and this is especially true for those who have crypto wallets on those same computers. A possible savings of a few dollars can mean a lot more loss if you download some malware that can empty your wallet.
1959  Economy / Scam Accusations / Re: User: Smith_94 here scammer and his telegram: @Smith4u on: June 17, 2023, 01:26:17 PM
@noorman0, you're welcome Wink

Flags are something that can be of help to those who browse the forum as guests, although some will still ignore any possible warning. I would personally go a little further and prevent at least Newbies from opening topics in the Goods board, but maybe even that would not be enough considering how easy it is to get 1 merit and become Jr. Member.
1960  Bitcoin / Hardware wallets / Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities on: June 17, 2023, 12:58:58 PM
If this is true, Ledger's "hardware" wallet is now - once attached to a computer - literally less secure than a hot Electrum wallet on the same computer.

I would agree that your statement is correct, because I think that Ledger as a company has long lost credibility, and after this latest "achievement" anyone who still uses any of their models should ask themselves how much risk they are actually exposed to. On the other hand, Electrum is open source, and if it is properly verified and installed, and if we have a computer that is not exposed to the risks of malicious downloads, then there is no doubt that Electrum is a better option.
Pages: « 1 ... 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 [98] 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 ... 817 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!