Many countries have thought to change currency into bitcoin because the government thinks bitcoin is more related stable than USD.
Cite your sources. Also, who the heck thinks bitcoin is more stable than USD? That's just false. because the reality, USD is not have something great if their foreign policy isn't great in the past. The powerful country is just running their greedy for self-benefit.
What. Now, they begin to turn to bitcoin
Cite your sources. and look like started to control the bitcoin inflation, so what you think if bitcoin inflation is wilder than fiat?
Seems like you don't understand Bitcoin at all. Governments can't control bitcoin's inflation because changes to Bitcoin lies in the hands of the community. |
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1. We could already have lower denominations through Lightning. Though this problem is just so far in the future that I shouldn't think we should be thinking about it today. So much things to prioritize.
2. Government's going back to an asset-backed money is next to impossible knowing how much power they gained through the current fiat system.
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Again, my point is that Bitcoin wasn't intended for those kinds of transactions. Yes, Bitcoin is intended as a payment method, but online. So if you're dealing with somebody face to face, Bitcoin isn't for it. Cash is the real peer to peer. There are no third parties in between. It's a great system that Satoshi wanted to imitate it in the online world where P2P transactions aren't at all possible.
So to a certain extent, buying a piece of cupcake from a nearby bakeshop using Bitcoin isn't really adoption. It isn't the goal, after all.
Bitcoin today isn't whatever Satoshi intended it to be. Satoshi only set the canvas of what Bitcoin is, and it's totally up to the community now what Bitcoin is actually for moving forward. |
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what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.
It just means that someone moved funds from an exchange to a (probably) non-custodial wallet. That's just it. Not sure what this has anything to do with a bull run. Always remember that the person that has access to the withdrawn coins can just as easily send the funds back to the exchange. |
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Is it, therefore, somehow a misplaced appreciation of Bitcoin when many are ecstatic every time it is accepted as a payment for a glass of lemonade or a piece of banana?
Not really. People get ecstatic not necessarily because bitcoin is being used for one of the things it's intendedly made for(payments), but mostly because bitcoin is actually getting used in the first place. We all know that Bitcoin is already a household name, yet adoption is still very low. |
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It's really not as special as you think. You can easily see the same kinds of highly-passionate people on other investing communities — especially investing communities that are focused on a single stock like AAPL/BRK/TSLA/etc.
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Since April 2020, bitcoin.org is fully controlled by Cøbra and we don't know what will happen with either Cøbra and that site. Cøbra can sell it to someone else and what will happen if the buyer is Roger Ver or any Faketoshi?
They will use it to shill their Bitcoin Cash or Bitcoin SV or other Bitcoin forks.
Hence why people should stop calling either website the "official website" of anything. Though unlikely, ownership and control could be passed. A lot of people have been calling bitcoin.org the "official" website of Bitcoin for a while now that if ownership gets passed over to a malicious entity, a lot of damage would be made. |
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They're not financial advisors despite how much they want to portray that they are. Saying that they're financial advisors is like saying that I'm an engineer because I built a house on Minecraft.
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The "invest only what you are willing to lose" thing" only applies if you're just a normie investor in my opinion. If you've done investing so much and you're already experienced enough to make smart decisions, investing money that you don't want to lose is totally fine — you just don't need to over-invest to the point that you'll end up being homeless if you lose.
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There are no rules here. Heck, you could create a crypto wallet for your dog if you wanted to. As with a non-custodial wallet, you're not even going to need to provide AML/KYC documents. All you need is to generate a wallet, then store the backup securely. Read: https://cryptosec.info/wallets |
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I think that's exactly why they're making those decisions. They literally are trying to make markets move in a certain way to stay within their parameters. The problem is that they're absolutely terrible at it and when you have an Administration like Biden's ignoring their guidance and printing money left and right making it even more difficult, all they can do is quit. Which is what we saw early in Biden's presidency.
Arguably, maybe. But more of the fact that they're making the economy specifically move a certain way, and the stock markets moving is just like an aftereffect. |
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Not because their decisions mostly cause the markets to move, doesn't automatically mean they're making those decisions to make the markets move a certain way.
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or I missed the bottom
If you were actually trying to time the bottom — why? Do you actually think you can pinpoint the exact moment bitcoin bottoms then reverses? You don't need to strive for perfection when making buys, because in the end no one knows crap. |
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Are these wallets safe?
They're probably just as safe as your typical software wallet, but kinda less secure because it's almost like a browser plugin whereas malicious websites might be able to gain access to it. Only use these wallets as a hot wallet, not for long-term holding. |
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There is no such thing as "official" bitcoin website, and both are ran by different people. Both are pretty reputable websites though, so you're going to be fine with either. The bitcoin.org website seems to be pretty outdated though. Just use BitcoinCore.org: https://bitcoincore.org/en/download/ |
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It's highly likely that after a certain halving date, the price effect would likely be far less spiky compared to past halvings. Instead, we'd probably have a slow and steady uptrend, which is far more preferable in my opinion — if we'd look at bitcoin in the lens of a currency/SoV rather than a hype asset.
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When people start in personal finance or try to increase their wealth, the first thing they think about is saving. Then when they have some savings they think about investing, and the last step I see is to increase their income, which I would say is the one that gives the most results. When you are used to controlling expenses, saving and investing, finding ways to earn more makes you able to save more, invest more and spend more. Even in my case I introduced regular donations, which has not slowed down my progress, on the contrary.
The point is to get off your ass. If you live in a poor area with low income try to increase your income or even consider moving to another place where there are more opportunities.
But don't forget that nowadays with the internet you can earn a lot of money no matter where you live.
I'd say go for finding an alternative way of earning first, before investing. The former you have a lot more control of and has higher potential of earning faster and sooner, while the latter will be mostly be really really slow. Early on, more risks should be taken. |
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Saved you peeps a click: This is definitely not the only block reward graphic though. I've seen numerous iterations of this throughout the years. |
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Bitcoin crashing down at those price points have always been a possibility, knowing how volatile bitcoin is and knowing how uncertain the current economic state is. As always with investing, you just have to position yourself in a way that you can take advantage of both a price increase, and a sharp price drop.
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