Shower thought: If we're going to take bitcoin in a currency perspective, would it make more sense to say "convert to bitcoin" than "buy bitcoin"? Since when we're talking about acquiring some foreign currency like the JPY, we mostly say "convert our USD to JPY" and not "buy JPY".
Any thoughts and violent reactions?
|
|
|
Why do they keep on insisting that they are the real creator? It is really shameful and funny at the same time I think if the real creator is still alive and reading updates on crypto would be laughing at them real hard on trying to prove that they are the real creator.
Because he's a bum.
|
|
|
What is the evidence that Faketoshi was the source of this hoax?
It's from BSV's paid Slack group called MetaNet. You heard me right, you actually need to pay to be in their Slack group. Those clowns.
|
|
|
So, what was the new "evidence" that he's the real Satoshi? Apparently, a draft email that Satoshi sent to Hal Finney. Because normal people takes screenshots of their emails before they send it right? Not only that it doesn't make sense, it was already debunked by @btckershi. The full Twitter thread here. Also take a look at the replies. The hilarious error on Faketoshi's part was that he didn't even bother using an old browser because take a look at the scroll bar on the Message part, apparently Satoshi was a time traveler and had access to Windows 10 in 2009.
Bonus: Found another freebie.
|
|
|
Not surprised to see most of them are app with exchange feature, but i wish there's at least one country where open source non-custodial wallet is most popular app.
I was at the very least expecting to see the Blockchain.com app somewhere.
|
|
|
I got curious and decided to take a look at the top downloaded bitcoin or cryptocurrency related apps of some countries on both the iOS App Store and Google Play. Nothing that super groundbreaking, but really interesting nonetheless at least in my opinion. Conclusions from taken data at the end. Country | | | iOS App Store | | | Google Play | | | Great Britain | | | Binance at #1 | | | Coinbase at #37 | | | United States | | | Coinbase at #4 | | | Crypto.com at #125 | | | Romania | | | Pi Network at #6 | | | Pi Network at #16 | | | Australia | | | Binance at #34 | | | Crypto.com at #125 | | | Canada | | | Coinbase at #24 | | | Coinbase at #53 | | | France | | | Binance at #85 | | | n/a | | | Germany | | | Binance at #67 | | | n/a | | | Italy | | | n/a | | | n/a | | | Philippines | | | Coins at #86 | | | Coins at #134 | | | Signapore | | | Binance at #48 | | | Binance at #68 | | | Sweden | | | Binance at #80 | | | Binance at #90 | | | South Africa | | | Binance at #111 | | | n/a | | | Nigeria | | | Binance at #25 | | | Binance at #49 | | | Turkey | | | Pi Network at #14 | | | Binance at #139 | | | India | | | CoinSwitch at #136 | | | n/a | | | Argentina | | | Binance at #41 | | | n/a | | | Portugal | | | Binance at #21 | | | Bitso at #187 | | | Switzerland | | | Binance at #91 | | | Binance at #90 | | |
n/a = not a single bitcoin or cryptocurrency app in the top 200 of most downloaded PayPal isn't included because their cryptocurrency arm was just released quite recently data is taken from SensorTowerSome conclusions/assumptions/curiosities: - iPhone(iOS) users are far more likely to download bitcoin or cryptocurrency apps
- Binance sure is extraordinarily dominant
- Italy, seriously?
- First and second world countries are more likely to download bitcoin or cryptocurrency apps
- Dear Turkey and Romania, what the hell is this Pi Network thing and why is it so high up in your list?
That's all, folks. Hope some of you found this slightly interesting at the very least.
|
|
|
Let him dream! He thinks that once Musk tweets everyone will suddenly rush to google, find out what they need to buy bitcoins, make an account, transfer money in seconds and buy bitcoin!
Ok so I guess the Google Trends spike up just happened for no reason. Alright. He also thinks that the entire planet is at home glued to Twitter, lol.
A LOT of retail investors are on Twitter. Get out of your Bitcointalk bubble. The ones that had money already on the exchanges were the guys familiar with bitcoin, it's so hard for some to understand that sometimes a billion can't stop a drop on the market while in other times when there are no sell orders because everyone holds it takes a few million to push the price up by 10%.
Quite naive of you to think that the typical retail investor that has an exchange account is actually "familiar" with bitcoin outside of the fact that it's an investment. why do people think Elon Musk placed the bitcoin in his bio before the rise and not after it? do we have any proof because i heard about it after the rise started and was already on the way. maybe he did too and got too excited that changed his bio and included the #bitcoin in it!
I checked just to confirm. The Google trends spiked up approximately 15-20 minutes after Elon changed his bio and made the "it was inevitable" Tweet: https://twitter.com/elonmusk/status/1355068728128516101You can check yourself with Google trends: https://trends.google.com/trends/explore?date=now%201-d&q=bitcoin
|
|
|
Yes because those who are already involved in bitcoin and also listen to what other people tell them are more scared of the FUD telling them that bitcoin is going to dump. They are also greedy thinking they can buy at the lower price (namely $20k that was being advertised in their FUD). Which means a simple bio change of someone who has been tweeting a lot of positive things about bitcoin is not strong enough to change their minds.
You're totally underestimating how much influence Elon Musk has. There's a reason why $TSLA is astronomically overpriced. As for all those apps, I don't know all of them but many don't affect the bitcoin price at all. For instance you can buy millions of bitcoin on PayPal or dump millions and it still wouldn't change bitcoin price because it is not linked to outside world specifically exchanges.
They do, even if we like it or not because not every single exchange outside the de facto cryptocurrency exchange allows trading of crypto CFDs. They do allow their users to trade "real" bitcoin, it's just that they're not withdrawable with some platforms. I name exchanges such as Coinbase, Kraken, Bitstamp, Bitfinex, Gemeni, etc because they are the main source of price and the price is decided there not elsewhere. Even Binance has very little effects since it is mainly an altcoin exchange and it has tether market not fiat market with a huge portion of their volume being fake.
That's not how markets work. USDT has a sizeable chunk of the total trading volume whether we like it or not, and Binance DOES have a huge effect. Even Binance's BTC/EUR trading pair, a FIAT trading pair, is #11 in terms of trading volume.
|
|
|
Do you know how long it takes someone to sign up on an exchange, go through their KYC process to verify their account, make money transfer from their bank account to that bitcoin exchange, wait a long time until it reaches the exchange and is credited in their account and then eventually after jumping through all the hoops they can buy bitcoin?
You're assuming that literally every buyer we had in the past hour are totally new in the cryptocurrency space. It could simply just be people already with exchange accounts that just bought in because of confirmation bias. And let's not forget that PayPal, Robinhood, eToro, Trading212, Cash App, Interactive Brokers and tons of trading/investing platforms that people have been already using already has bitcoin by default. Not every single buyer is going to go through the de facto bitcoin exchange like Coinbase/Binance/Kraken/Gemini/etc.
|
|
|
Just because someone places hashtag on his twitter account doesn't make people go and buy bitcoin.
Sure. But everything happened literally at the same time, within a few minutes. Could be totally a coincidence, but what are the chances? I even added a chart from Google Trends. Were those whales searching for "bitcoin" then?
|
|
|
Just so if you were wondering about the sudden price spike: https://twitter.com/elonmuskhttps://twitter.com/elonmusk/status/1355068728128516101"bitcoin" interest spike up. Via Google Trends: Edited for additional information: Elon Musk changed his bio to #Bitcoin and made the "it was inevitable" Tweet at 6:22 PM, and the "bitcoin" interest spiked up at 6:40 PM onward. Check the times on the screenshots. I totally get the "correlation is not causation" argument. But if you think this is just a coincidence, then whatever. I also dislike how much power Elon has control over our markets. Whether we like it or not: Nowadays Musk is ruling market like a king and whenever he wants to pump the prices of particular thing he just tweet about it and peope go around investing huge funds in that thing.Recently he tweeted about Bitcoin and added #bitcoin on his twitter bio but you need to know that it took almost 12 years and prices to reach $30k to convince him that btc is really something of his use.His some famous tweets which surged price of shares include:
1) Signal after whatsapp privacy policy 2)Dogecoin prices have surged recently 500% after his tweet about cover of dog in vogue magazine 3)Games share Etsy which he liked 4) Now btc sparked 14% and reached $38k within few hours of his bio updated
So there is hype about Musk in this market at this time because he has became social influencer and pioneer in investments but we need not to be move on with our own decision making.
|
|
|
Apologies for the language, but the people who think Ethereum will take Bitcoin's place are total idiots.
|
|
|
Or in summary:
|
|
|
There really isn't such thing as "coin that's better to trade". It's just going to depend on your trading style. Some guy could prefer something that's low volatility and high trading volume like the SPY, while someone like me would prefer something high volatility with lower trading volume like DOGE.
Same thing with those altcoins. The DeFi tokens are moving a lot more recently due to their hype so there's so much opportunity to time a long/short, while those other non DeFi altcoins are slightly more stable hence probably better to trade with options. Which coins with these certain characteristics that you prefer trading will be the "better" option for you.
|
|
|
Unless you are comfortable handing over details of your entire financial history, from standard KYC through to your salary, copies of your pay checks, your complete bitcoin transaction history and holdings, and so on, then you need to get off of Bitstamp and other centralized exchanges now.
People have been preaching this everywhere for a while now. A lot of people are going to learn their lesson the way how Mt. Gox users learned theirs.
|
|
|
|