If sec is rejected in September ETF, then most likely the whole market will lose tens billions dollars of capitalization and unfortunately we will see new lows this year.
And this is probably what will happen as I can't see them accepting it. Hopefully bitcoin will have climbed back up a bit naturally since then so it has a bit of a buffer as a bit of a safety net for whenever it does fall. |
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Thanks for answering.
Well, most people don't kill people actually. Your logic is that they don't kill people because it's illegal? People already use heroin, for example. If it was legalized, do you think people would start using heroin in masses, like the wild wild West?
Well, I guess your friends and living in a familiar country take priority over the cannabis business. That's totally fine. I was just putting it out there as an option.
I didn't say most will, but the law of the land would change significantly and it goes back to more lawlessness. You will find there is more murders and rapes etc where there's very little going to be done about it. Obviously the threat of punishments and even the death penalty doesn't stop people from killing or committing crimes, but I would see it as going to some sort of post-apocalyptic scenario where it's everyone for themselves and you fend for your own life and family. There will be certainly less systems in place to prevent and investigate such crimes after they've happened I think. The Bible pretty much is the best guide for non-aggression. Why? Because all the forms of accidental and intentional aggression are dealt with properly, according to the non-aggression principle, in the Bible.  New testament is fairly non-aggressive. But the Old Testament! Oh my  OT should be flagged as "not for under 18" because it contains some explicit violence. Its principle being "an eye for an eye, a tooth for tooth" would turn the whole world blind and toothless. But you must already know this. Check out Buddhism or M. Luther King if you want to know what non-violence is. Sorry for the off topic, but I'm sensitive to exaggeration. The Old Testament "eye for eye," etc., is simply a form of self defense. I mean, if someone hits you for no reason, are you happy with that? You might be able to shrug off a simple bruise. But what about when he starts killing off you children? That's part of what O.T. law is about. The rest of it is about how God reacts to people hurting Him and themselves by sinning against Him and creation (often themselves). Doesn't God have the right to self-defense, and defense of His children? There's also another great saying: An eye for an eye leaves the whole world blind. The bible also says many other contradictory things like turn the other cheek, love your neighbor and so on. |
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Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.
*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over. it is a speculation and speculation doesn't have a *source*  i don't know why he says it but i also have this speculation and i am not blaming ETF, i am blaming the market for reacting irrationally to a news that is not even relevant to or effective on bitcoin. people started building it up in their heads and as SEC rejected one ETF they panic sold and right now the market is waiting on their decision to start moving in a certain direction based on it. why should this be? do people really think ETF controls the future of bitcoin? once the "excitement" is over we can go back to normal market where price rises back up. If it's speculation then people shouldn't speak so matter of factly. There's no way anyone can say it will have been x amount by a mere decision. And the market always acts irrationally. That's just want the bitcoin market has become. Any good or bad news is taken too seriously and people either get too excited or too panicky and act accordingly. |
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The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over. it certainly has some undesirable effect, pulling a large chunk of bitcoin out of circulation will basically mean there will be less bitcoin to be used as a means of payment, destroying Satoshies original vision
I don't see how people holding bitcoin is against satoshis vision? Bitcoin was created as a new type of money, and people can either spend of save it. Bitcoin doesn't have to be constantly moving about. Besides, more bitcoin out of circulation is good for everyone as it lowers the supply whilst demand continues to grow. Bitcoin ETF is needed not just for price speculation but to give legitimacy to the entire cryptocurrency sector. Now if you walk around the street and just talk to anybody about bitcoin, nobody would have any clue what you are talking about. Bitcoin ETF may not be necessary for the crypto market but it speeds up the adoption of crypto among the masses.
I'm sure more people are going to know what bitcoin is than an ETF. |
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I remember the dialog from Agent Smith in matrix movie he stated that humans goto a region and colonize it until every recourse is consumed and then they move to a different place. and the same pattern is followed by the viruses around us. So are we a species whose behavior is similar like virus or it makes viruses a supreme living/non living organisms.
Not by true definition, but I suppose it depends on your definition of a virus: A virus is a small infectious agent that replicates only inside the living cells of other organisms. Viruses can infect all types of life forms, from animals and plants to microorganisms, including bacteria and archaea I guess we do replicate and tend to destroy our habitat so if we're destroying our host (earth) then maybe we are a virus to our planet. I think the term parasite is a much more apt term and fits the definition better though: an organism which lives in or on another organism (its host) and benefits by deriving nutrients at the other's expense I guess it's just a natural course of survival though. We need to consume in order to survive, but obviously humans have greed which complicates the matter and speeds up the process of destruction of our surroundings. The question is is it too late? The worst thing that will happen is we kill ourselves off and the planet will sort itself out eventually possibly for another round . |
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In my opinion Bitcoin ETFs will just increase volatility. Now, you have hedge fund managers dumping large amounts of fiat or even coins onto the Bitcoin market and this will cause bigger spikes and dips. Many people and merchants wants lower volatility, without having to use payment processors to use bitcoins for payment and higher volatility will destroy the use case for a payment network. You cannot buy something directly with Bitcoin and wait 10 minutes for a confirmation and then have a drop in price of 10% in that 10 minute confirmation period.  Bitcoin will probably never be stable so forget about that. Something tells me it's only one type of volatility you don't like and probably don't mind when the value rises? This is how bitcoin was designed to be and your money should gain value over time, but due to the nature of supply and demand this means bitcoin is currently going to go up and down with the markets. I'd look at bitcoin more like having stocks in a company or as a digital version of gold and as such your investment will rise and fall with the performance of the company or 'digital gold' markets.. |
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Almost all African countries have had leaders that ruled more than their stipulated term in office, why are Africans so power drunk and driven? I don't understand the psychology. Please help.
Umm... why do you think this is just limited to African leaders? Putin? Hussein? North Korea. Most tyrants will try change the way their political systems work in order to remain in power for as long as possible. China have just this year voted to remove term limits and now their leader can remain in power for life: https://www.bbc.co.uk/news/world-asia-china-43361276Despots gonna despot. |
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We've seen this happen in broken economies with hyperinflation plaguing national currencies (Zimbabwe, now Venezuela). We've seen it happen in countries facing economic sanctions and people unable to send money abroad to families and diaspora (Iran). I didn't expect to see it happen so quickly in Turkey, but here we are. They've got a really budding Bitcoin and blockchain community there already, and enthusiasm has been growing, if I can judge by the number of Turkish language content I've been seeing across crypto.
Their citizens are probably one of the most active users of fintech... Revolut for example is already big over there and with the Turkish community I interact with, now that even these apps and tools are slowly restricting them, they'll be flocking to Bitcoin.
Welcome to the revolution!
I've always wondered if bitcoin could ever by adopted by a country with a failing economy or one where their currency has become worthless due to hyperinflation like Zimbabwean dollars. It would be huge for bitcoin if it became the default currency of a nation and I think this could actually happen at some point due to people looking for alternatives to their nation's failing currency. Not sure how well it would work out with bitcoin's drastic volatility but if it kept rising the people who adopted it would certainly be very happy and supply and demand would likely keep it going if an entire country was behind it.
Can BTC make any difference in Turkey now? I think not, there is simply no sufficient infrastructure, no BTC ATMs and even few biggest exchanges in Turkey recorded 100%+ increase in volume they only have 11+ million $ in 24 hour of trading, rather insignificant amount compared to the global volume.
You don't need ATMs. You only need them to withdraw fiat. Besides, existing regular fiat ATMs could even be adapted to deal with btc. It wouldn't be difficult to do at all. You can still just do cash trades or use exchanges. Thigns would quickly change and adapt to meet demand however. |
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why did Hitler want to take over the world? some people are really insatiable.
Power. Money = power these days, but I think Hitler's motives were merely more tyrannical and megalomaniac than pure greed. For instance, there are many greedy people on this planet that want more money and the power that comes along with it, but most wouldn't murder millions for it. Most millionaires or the super rich are happy with their mansions and islands but likely have no interest in genocide and war. |
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Seems about right. There was another thread on here recently that said about 50% of users would consider investing in bitcoin. However, I think if you asked 100 people on the street if they were interested in investing in the stock market you'd probably get very familiar figures so make of that what you will. Found it https://bitcointalk.org/index.php?topic=4871244.0 |
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Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.
*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over. |
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I dont really get you guy's whenever you encounter situation like this you panic because the price goes down. If you really trust this technology why are you losing your hope everytime there is a small storm coming on bitcoin? Panicking makes you blind on what you really need to do, Instead of investing more because it is a good opportunity to buy you are selling your bitcoin's and taking your loss.  Who are you talking to here? Not everyone does this, but nobody is going to listen to you. Weak hands just have weak hands, but everyone has a point where they need to get out or cut their loses. What's yours? Are you going to hold your bags forever? I doubt it. Some people just don't have the balls to keep hoding whilst their investment hemorrhages value and cash out to minimize losses, whilst others don't care or keep hodling because they see the bigger Picture. You can still make money during these turbulent times also by buying and selling during the dips and I guess this is what a lot of people do. Let people do what they're going to do but you're never going to be able to convince people to stop selling and it's futile to even do so. |
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Hello...Freinds
There are lots of news are coming up about ETF & Bitcoin. Is Really ETF effect the BTC price?
Anything effects the price. Good news. Bad news. Rumors of good news. Rumors of Bad news. FUD. Excitement. FOMO. Weak hands. Hodlers. Any sort of institutional money coming into bitcoin is bound to effect the value, but the ETF isn't the be all and end all of bitcoin, but people are seemingly getting excited by the possibility of it and the price certainly did fall on the news of the delay of the ETF so make of that what you will. |
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Buy. Hold. Cry. Keep telling myself everything will be fine.  |
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Chelsea v Arsenal - 2-0 Leicester v Wolves - 1-1 West Ham v Bournemouth 1-1 Cardiff v Newcastle 0-0 Gunning for the top spot . |
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If you read the T's and C's of many websites even from popular ones like Facebook etc you'll find some nasty and worrying stuff in there. You're signing over a lot at the end of the day and mostly giving them the right to use your info, pictures and content as they see fit. As for exchanges using them is a necessary evil but they're often going to ask for a lot due to compliance with Anti Money Laundering and Know Your Customer laws. For those worried about this or their privacy I would suggest meeting people to trade your coins with somehow. I'm sure there are many others who are in the same boat as you and would prefer to do trades without the use of third parties involved the way bitcoin was designed to be.
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Who said they want 20 billion? I doubt many people actually want to be billionaires or would know what to do with all that money if they had it. Mo' money mo' problems as they say. The average person wouldn't really be able to spend it all anyway. Personally I'd be happy with a few million. All I want out of life is a nice abode and enough money to be comfortable with till the end of my days. Maybe a bit extra to go traveling or whatnot. Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go hereSee... confortable middle class now looks terribly boring, don´t you think? Some of those look very affordable, like only an order of magnitude more than a house in a decent neighborhood. What's the catch? No high-speed internet? Commute 100 miles by boat? Island-owners association fees? I would be careful buying an island. Some of them you can't even build anything on... as in you're not allowed. Imagine shelling out a few mill for an island then just camping on the beach . They'd probably be some restriction about that as well due to wildlife conservation or some other bullshit. |
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What makes you actually think that people would want to go around killing others?
Because people already do. If you got rid of all laws and punishments what do you think happens? It would be literal anarchy. Couldn't they at least be deterred by the fact that others could kill them? That is a good question though. There is a lot of talk about libertarianism on this forum. I never quite thought out completely the police bit. I wonder what would happen with crime in a libertarian society. It would be kill or be killed. Like the wild wild west (wikki wikki wah wah). Cannabis sounds like a great business idea. Maybe you could just move to a country where it's legal and get on that. Sure, let me just leave all my friends and family to go to a foreign country just to start a business. This isn't something I'm desperate to do but would do if in my own country if it was ever legaslized, but I'd like to stay in my home country right now thnx. |
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No. People have been saying the end is nigh since the dawn of mankind and I wouldn't pay too much attention to the bible. According to the bible you should kill a lot of people for doing very minor things (working on sundays, talking back to your parents, homosexuals, adulterers, non-believers, non-virgins, entire cities if one person there worships the wrong god) The bible says a lot of other silly stuff: https://www.salon.com/2014/05/31/11_kinds_of_bible_verses_christians_love_to_ignore_partner/ |
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This doesn't really tell you much. If you stopped the average person on the street and asked them if they'd be willing to try a new flavor of ice cream, or a new cell phone or new type of toilet paper they'd probably say yes. The bigger question is what percentage of those 50% are actually going to take the dive and actually try bitcoin? Probably not many. Maybe they will eventually especially if the price skyrockets again and it gets more media coverage but I wouldn't take anything from this article.
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