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2001  Other / Politics & Society / Re: Join the fundraiser for the world's first fleet of drones! on: November 11, 2022, 02:57:49 PM
Thanks for sharing it here, but I think it'll probably get moved to some other board like Politics and Society. Today's a good day, with Kherson finally being liberated.
As for the donations, I wonder why they didn't add the crypto button for the drone fleet, as generally, United24 accepts donations in crypto donations in Bitcoin, Ethereum and several other currencies, albeit via a payment processing system, not directly onto a Bitcoin address. Even their Army of Drones page has a crypto option. I hope the fleet page will get this button as well.
2002  Bitcoin / Bitcoin Discussion / Re: Is bitcoin really the future of money? on: November 11, 2022, 02:21:19 PM
If we're talking about Bitcoin as money, then the fact of it losing value should not be of high concern. After all, most fiat loses value over time, and sometimes inflation goes over the top and a currency loses a very big chunk of its value. If Bitcoin more or less stabilizes at $17k for years, for example, it would be perfectly suitable to be money. I think Bitcoin will recover, so it can be a good long-term investment opportunity. I also believe that the price spikes and bear markets might not be as strong in the future, allowing for a more stable environment that can help to use Bitcoin as money.
I don't believe Bitcoin will replace fiat any time soon. Maybe it appeared too early for its time, when people aren't ready for decentralization yet. But it will still have a prominent place and provide an alternative to standard means of payment as well as standard investment options.
2003  Bitcoin / Bitcoin Discussion / Re: How important is BTC to the Society? on: November 11, 2022, 02:01:15 PM
Bitcoin is an important idea, that has been implemented. It shows that money doesn't have to be issued by the government, that online transactions don't have to go through an intermediary, that no regulating authority that works on stabilizing the price and working on supply is needed. This is a big transformation of the idea of money, and it happened largely thanks to Bitcoin. As for how big it is in terms of direct impact, it depends on a society, I think. In some countries, Bitcoin is more popular, in some it is barely known. In some cases, it's used as money, in others it's used as an investment or as something to gather international donations in. But let's remember that Bitcoin can't fix the global economy or solve difficult issues. It shows that something out of the ordinary is possible, and it can empower some people. But it's not a magical fix for everything.
2004  Bitcoin / Bitcoin Discussion / Re: Bitcoin survived a lot more than one Exchange going bankrupt - Remember that on: November 11, 2022, 01:36:42 PM
Thank you for this reminder. To me, crypto exchanges being hacked never meant anything regarding Bitcoin. These are centralized services, and when they are hacked or if they scam people, that has nothing to do with the security of Bitcoin. On the contrary, it shows precisely why Bitcoin security is important, why storing your own coins in a non-custodial wallet is important. As for ponzis and ICOs, they also have little to do with Bitcoin, so the pain for losing money in them shouldn't be translated into hate for Bitcoin. Regulations and bans are different in this regard, but they also affect only some people and regions, not Bitcoin as such, so they are highly unlikely to bring its death.
2005  Economy / Economics / Re: Investing against 2024 on: November 10, 2022, 07:05:40 PM
If investing against only means investing and waiting till that time, and if 2024 is fully included, then I agree that it's a pretty reasonable strategy. The current price is low. It can get even lower, but it's low enough now for nice profits in the future. Maybe Bitcoin will recover in 2023, but it's not unthinkable if it stays quite low throughout the year. But I believe it's reasonable to expect Bitcoin's full recovery to the previous ATH within more than two years from now. There's no guarantee it will happen, but given that 2022 has been a time of low pricing, I find it unlikely that Bitcoin remains low for 3 full years.
2006  Economy / Speculation / Re: It's a Great Chance to Buy Bitcoin before 25 December Bitcoin High Jump ^ on: November 10, 2022, 06:19:57 PM
I hope that something close to the current price or perhaps 10% less will be the bottom, but of course Bitcoin can go lower than that, and stay low for months. There's nothing to guarantee Bitcoin's pump by the end of the year, either. December 2021 was the time of Bitcoin falling from $56k to $46k. December 2020 was the time of rising from $19k to $28k. December 2019 was uneventful as Bitcoin kind of remained in a dip between $6k+ and below $8k. In 2018 Bitcoin fell from $4k to $3k but recovered to $4k by the end of the month. Bottom line is, Bitcoin behaves very differently in December depending on a year, so I don't see why this time we'd be graced with a jump.
2007  Bitcoin / Bitcoin Discussion / Re: Coins on an exchange, any exchange, are never safe on: November 10, 2022, 05:39:34 PM
I haven't been following crypto exchange news lately, but I agree with the op that there's always a risk there. Less reputable exchanges can have bad security and get robbed or perform an exit scam. More reputable exchanges might still face issues due to mismanagement of funds or a security breach. On top of that, there are increasingly new and new KYC requirements for those who want to use crypto exchanges. Meanwhile, it's quite easy to just install Electrum wallet, generate a seed, create a password if a person wants an extra albeit probably unnecessary layer of protection and be the sole owner of one's coins, no KYC or anything else required.
2008  Economy / Speculation / Re: I hope this Bitcoin dip won't be deeper? on: November 10, 2022, 05:20:26 PM
On what grounds is 2022 the worst year in crypto history? Yes, Bitcoin went down even more, and yes, some will lose hope and will sell, and then invest again when the price is $50k. If you don't believe in Bitcoin and that it will recover, I don't think you should invest in it. After all, there's always a risk that it won't recover, and then people lose money.
But in terms of the worst year, I don't think 2022 qualifies. Even in recent history, look at 2019. Bitcoin was below $5k for the first three months, then between $5k and $10k till June, and then occasionally $11k but largely around $9k for the rest of the year, which then finished at $7k.
In 2022, Bitcoin was at $45k at the beginning, then largely above $40k till April, and then fell to $20k by June but experienced occasional growth up to $24k in August.
In any case, I don't think anything particularly worrisome is happening. I plan to hodl through the bear market and sell occasionally when/if I need money.
2009  Bitcoin / Bitcoin Discussion / Re: Get Bitcoin Holdings for your child from infant. on: November 09, 2022, 06:19:29 PM
If there's a tradition in a country to gather some money for one's child throughout the child's life, then sure, why not try it in Bitcoin. But not everyone has kids. Some already have grown-up kids, and some will not have kids for years to come, some are just child-free or don't have a partner to have kids with. Also, some might have kids but want Bitcoin investment for themselves, which is also understandable. So while putting away a small amount regularly and hodling for a long time is good, maybe there's no need to tie it to children  Smiley
2010  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Cash which is more secure on: November 09, 2022, 05:59:08 PM
As the op correctly points out, there are pros and cons for both cash and Bitcoin, and I'd say a lot depends on the needs of a person and factors taken into consideration. If it's for everyday purchases like groceries, local transactions are enough. Cash is also, unfortunately, sometimes almost a must if you are in a place where digitalization didn't quite kick off or where it's temporarily at risk because of power shortages or something like this. Also, while Bitcoin is borderless, let's not forget that it's also usually not accepted as payment, so it's not very helpful that you could use it if you actually can't. At the same time, if a person has some savings and doesn't want them to become devaluated, I'd say Bitcoin is better than cash (if you're okay with waiting for perhaps a couple of years) because cash is steadily losing value (inflation) and in times like the current recession, it can lose much more than usual, without bouncing back.
2011  Economy / Games and rounds / Re: Sportsbet.io ⚽ Southampton + Arsenal + SPFC ⚽ Prediction Contest (Sat + Sun) on: November 09, 2022, 05:23:25 PM
Game 1:  12'  4-1  Liverpool
Game 2:  12'  2-0  Arsenal
Game 3:  12'  2-0  São Paulo FC
2012  Economy / Games and rounds / Re: Sportsbet.io 🏎️🏁 Brazil Grand Prix 🏁🏎️ Prediction Contest (November 11) on: November 09, 2022, 05:15:35 PM
1.  Verstappen
2.  Hamilton
3.  Leclerc
2013  Economy / Games and rounds / Re: Sportsbet.io 🏈 Week #10 Thursday Night Football Giveaway 🏈 on: November 09, 2022, 04:57:25 PM
1. ATL
2. CAR
3. ATL
4. Yes
5. Under
6. 4th
7. Odd
8. Odd
9. CAR
10. ATL

Final Score prediction 23-19
2014  Economy / Games and rounds / Re: Sportsbet.io - UFC 281 - Multi Master Challenge - (Saturday) on: November 09, 2022, 04:40:34 PM
14. Israel Adesanya
13. Weili Zhang
12. Michael Chandler
11. Chris Gutierrez
10. Claudio Puelles
9. Renato Moicano
8. Dominick Reyes
7. Erin Blanchfield
6. Wellington Turman
5. Karolina Kowalkiewicz
4. Choi Seung-woo
3. Matt Frevola
2. Montel Jackson
1. Carlos Ulberg

Match 14 winner Total Strikes: 64
2015  Economy / Games and rounds / Re: Sportsbet.io 🥊 Floyd Mayweather vs. Deji 🥊 (Saturday) on: November 09, 2022, 04:16:39 PM
1.  Mayweather
2.  Over 2.5 Rounds
3.  Round 4
2016  Economy / Economics / Re: German gas giant has lost 93% of its value or 14.1 billion euros this year on: November 06, 2022, 02:47:08 PM
Having several sources of income is a good idea in general, IMO, because that makes a person less dependent on any particular source and thus more likely to quit if conditions are not to a person's liking (if it's one source among 3, you're more likely to quit this job than if it's your sole source of income). Also, I like the op's observation that stocks aren't just numbers, but there are companies behind them and jobs behind those companies. So when a stock goes down, employers, employees, and stock investors lose. But, I'd add, this is what makes Bitcoin a bit better: if it falls, only investors suffer, since there is no company with employees losing their jobs whenever Bitcoin is down, at least not the way it is with stocks.
2017  Economy / Economics / Re: Is recession coming actually? on: November 06, 2022, 02:38:58 PM
Like many in the thread, I think recession is already here but that it will get worse in the near future. Depending on your current social status and country, you can become more or less affected by it. My country is in ruins, both literally and economically, so I expect my financial situation to deteriorate, and I'm trying to brace for a rough couple of years. But if you're middle-class or higher in a developed country, you'll notice that you can now afford less than you could afford before, but no huge life changes will probably be needed, unless you get hit with serious unlucky events, like if you're a business owner and your business is suddenly in much less demand because of decreasing purchasing power of others.
2018  Economy / Economics / Re: CBDCs Cannot Save Weak Currencies on: November 06, 2022, 02:11:51 PM
Perhaps others are right that saving fiat currencies is not the point of CBDCs, but I agree with the op that in case it is, it's not helpful. CBDCs can indeed do very little to stabilize a fiat currency, but perhaps they can help to save up on fees that banks impose on people and businesses, so there is some use to them. I'd also add that all fiat currencies are weak, pretty much. Major fiat currencies devaluated much more than they were supposed to, showing that faith in a strong Dollar or Euro is ill-founded. Russian ruble managed to become a very stable fiat currency, but at a price of Draconian controlling measures, and since the idea of linking the currency to gold was abandoned for good reason in the previous century, I wouldn't expect the current stability to be a long-term solution.
2019  Bitcoin / Bitcoin Discussion / Re: Early Sign to Adopt Bitcoin by Nigerian Government on: November 06, 2022, 11:08:44 AM
It's about time Nigerian authorities showed some pro-crypto stance, given how high adoption of Bitcoin seems to be in Nigeria and how many small businesses are trying to do something with Bitcoin. It's great that they're organizing training, but it's the National IT Development Agency, and perhaps their goals and opinions don't align with those of other authorities. Moreover, there's a fine difference between 'blockchain solutions' and becoming Bitcoin-friendly. It's still a step forward, but clearly not as big or as cool as it might initially seem from the OP.
2020  Bitcoin / Bitcoin Discussion / Re: Is it cheaper to send Bitcoin or Ethereum directly? on: November 06, 2022, 10:58:26 AM
There used to be a time when Ethereum was cheaper, during the times when Bitcoin network was just overwhelmed by the amount of transactions and fees spiked to crazy numbers. I am not fully convinced that we won't see it happen again, but transaction fees have been very reasonable with Bitcoin for a while, and Ethereum had its own times of high fees as well. I completely agree with others that Bitcoin transaction fees and fees set up by exchanges should be considered separately. The withdrawal fees from platforms have nothing to do with transaction fees, and they don't mean that Bitcoin is more expensive to send than Ethereum. Overall, the fees are close enough and reasonable enough not to consider is a competition, IMO.
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