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221  Other / Beginners & Help / Re: Develop to maintain your bitcoin holding anonymously to the core. on: March 21, 2024, 01:47:42 AM
As much as I don't want to talk about Bitcoin to anybody in person, I think it is close to impossible to completely avoid it. In the first place, your family, or at least a few members of your family, must have an idea that you are into it. The same is true with some close friends.

Sometimes Bitcoin is brought to the table for discussion and it seems wrong not to share a little information about it especially if there are misconceptions that you can easily correct. It's a missed opportunity not to educate friends and relatives a little about Bitcoin when they're interested about it. It's both for them and for Bitcoin's adoption as well.

But you just make sure that you aren't suggesting to them that you have much.
222  Other / Beginners & Help / Re: It is not to late, but how do I get established with BTC and the community? on: March 21, 2024, 01:16:09 AM
The start should always be understanding Bitcoin. Only after understanding Bitcoin that you decide whether it is worth buying or not. Should you decide to buy, forget about the past because there's no way we can bring it back. Focus on the future instead, the longer future. Hodl is the key especially at this point when the price of Bitcoin is already high. There's still a lot of room to grow, so just make sure you're hodling Bitcoin in a storage that you and you alone are in full control.
223  Bitcoin / Bitcoin Discussion / Re: How old would you be by 2140? on: March 21, 2024, 12:55:29 AM
BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

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* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

*I'm sure none of us here, and anybody alive today for that matter, would still be breathing in 2140, so there's no point asking for our age by then. We'd all be long dead already.

*I don't think there's somebody in this forum who has an excuse for not investing or owning Bitcoin. I don't think this question is reasonable here. This could be asked in some other non-Bitcoin centered forum.
224  Economy / Economics / Re: Bitcoin and it's holders in our society on: March 21, 2024, 12:23:48 AM
I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord,  government have tried to severally to arrest B.lord and they could not arrest him,even when economic financial crimes commission  [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin
A person who does not have any illegal dealings will not be afraid to defend himself against allegations leveled against him by individuals or government. I followed the Blord trial closely, it took about four years for the trial to reach a verdict, the courted ruled that the crypto traded be compensated with a certain amount of money and all his properties returned to him.

The men in the vehicle with OP were too scared to defend themselves, their inability to speak coherently gave the police the impression that they had something to hide. Nigeria can be a tough place especially for men, I never  had to worry about police searches or anything like that.

Other than the fact the Blord has won a case against the Economic and Financial Crimes Commission (EFCC) of Nigeria, I'm not really familiar with it. But I suppose this man isn't small that he can easily be harassed by law enforcers. This is the big difference.

Here in my country, people are saying that if you're not involved in illegal transactions and isn't hiding anything you shouldn't be worried, but the truth is that if you're an ordinary person, you can easily be harassed, deprived of your rights and due process. And even if you aren't involved in illegal transactions, your funds could be easily and arbitrarily seized, accounts locked, and so on.

If you're an ordinary person and has Bitcoin and is confident about it because it didn't come from illegal transactions, the banks can still easily freeze your account and seize your money. But if you're a rich and respected individual who's involved in illegal businesses and mentioned Bitcoin in front of no less than the bank manager, there won't be any problem. You'll remain a valued client, with all the perks and privileges.
225  Economy / Gambling discussion / Re: Canelo Alvarez - Jaime Munguia May 4 Super Middleweight Championship on: March 21, 2024, 12:03:02 AM
Munguia's time to shine will not come to this fight, what Floyd Mayweather did against the then-young Canelo, Canelo will do the same against Munguia, Canelo is now a polished fighter who knows how to deal with Munguia's eagerness and aggressiveness, Canelo displayed when he fought Mayweather.

I expect a unanimous decision so as not to embarrass Munguia in front of the Mexicans or he will knock Mungia to show the Mexicans how a great Mexican boxer he is.
Its going to be Canelo all the way, could have been different if is Benavide

Whether Munguia shines in this fight or not, the point is that this is his time to shine. This is his moment. This is his break. This is the biggest opportunity that has ever come in his 43 professional fights, in his entire boxing career. The Canelo team is choosing him because they belittle him. They treat him as an easy opponent. He should prove them all wrong.

It's most likely that this is going to be a Canelo fight all the way. That man isn't an undisputed champion and a legend for nothing. He's great, but Munguia should rise to his level come fight night. I will be cheering for Munguia this time. Canelo suffering defeat in the hands of Munguia seems worth it.
226  Economy / Exchanges / Re: Bitstamp withdrawal delays, failure to execute withdrawals, Bitstamp failing? on: March 20, 2024, 11:57:14 PM
I guess a withdrawal amount as huge as this and done in a single transaction only will be processed manually. It isn't an ordinary transaction, after all. Not to mention that it is a fiat transaction to a bank.
If size of the transaction is the problem, wouldn't customer support mention that to OP, instead keeping him in the dark and giving them some silly solutions like "delete your cookies" etc?

I hope that I am wrong, but this smells like a potential selective scam and centralized exchanges are known to do that.

It's not uncommon for customer support of any centralized exchange for that matter to give clueless answers. It's not uncommon for these ignorant staff outsourced from the farthest corners of the world to fob off clients with concerns and complaints. They simply don't care.

Although there's not a single centralized exchange without scam accusations, I think Bitstamp can't be categorized with the likes of YoBit. It's more or less trusted, has been in operation since 2011. The longest running crypto exchange for that matter. Although they may scam certain amounts from users, I don't think stealing more than $1.5 million from a single account is part of it. That's something that can significantly tarnish their name and bring them to the courts even.
227  Bitcoin / Bitcoin Discussion / Re: All of us are more important to Bitcoin than Satoshi! on: March 20, 2024, 11:24:25 PM
More often than not, the government reacts in an exaggerated manner. Being unreasonable isn't surprising as to how they conduct themselves. In the relatively short history of crypto, we've already seen a number of arrests. Somebody who made a free marketplace was arrested.

I can envision authoritarian regimes behaving irrationally against him.  His attacks on their financial system might possibly result in the death sentence being applied to him.  Just one more defense of his obscurity.

You don't have to envision or imagine of an authoritarian regime for unreasonable actions to be committed by the government itself. Ross Ulbricht, Arthur Hayes, Alexey Pertsev, for example, were arrested in the US and the Netherlands, countries that are in the top as far as the quality of democracy is concerned. These are countries where freedom is supposed to be enjoyed, promoted, and protected. But look what they do to innovators.

So I don't dismiss the possibility that Satoshi would have also been arrested if identified. Or, as governments often impose death sentence to anybody outside the courts of law, it is also a possibility, albeit remote, that Satoshi has already been identified and punished accordingly.
228  Economy / Economics / Re: Bitcoin and it's holders in our society on: March 20, 2024, 11:04:01 PM
My country isn't that friendly toward Bitcoin either, but it isn't that antagonistic. Although statements were previously made by the central bank governor, for example, that Bitcoin doesn't have intrinsic value or that it is generally based on the greater fool theory, on the ground, it is quite different. There's no active crackdown on Bitcoin. People don't really care. You can talk about it openly, even to law enforcers, although it might be a different story when it comes to the banks.

Just recently, Binance was also banned from my country for operating without permission, but until now people are still using the platform. If they leave Binance, other centralized exchanges are openly operating so they can just jump to another exchange.

In general, the environment here is lenient with those who want to study, discuss, or even transact with Bitcoin. Our country has a Bitcoin island even.
229  Economy / Service Discussion / Re: Best and cheap Non-KYC P2P for Bitcoin? on: March 20, 2024, 12:44:03 AM
Yes, i want some that allow stable coins for buying BTC, i have seen many that charge you a premium like %4 above BTC price, sometimes the minimum quantity to buy is too high and then the website itself charge you a high BTC fee to transfer to your BTC address.

Agoradesk seems good

It is indeed a great platform for P2P trades. What's better is that it doesn't charge you a fee for taking offers. Fees only apply to those who make ads, the makers. Unlike Bisq that charges fees to both takers and makers, albeit very low. Withdrawal from Agoradesk is also cheap, almost equal to the fees indicated in the mempool. And you also have high, medium, and low fee options to choose from.

What discourages me, however, are the rates. This may not be true to all crypto-to-fiat currency trade rates, but as far as my local fiat is concerned, the rates aren't that competitive. Centralized P2P rates are much more attractive.
230  Economy / Exchanges / Re: Bitstamp withdrawal delays, failure to execute withdrawals, Bitstamp failing? on: March 20, 2024, 12:23:18 AM
I guess a withdrawal amount as huge as this and done in a single transaction only will be processed manually. It isn't an ordinary transaction, after all. Not to mention that it is a fiat transaction to a bank.

You might want to try other options like withdrawing in small amounts or withdrawing in crypto rather than fiat. It might be easier that way. If it still doesn't proceed, then I guess the problem isn't in the withdrawal but in your account itself.

Since this is a huge transaction, you might want to actually talk to somebody from Bitstamp rather than just wait for a response to your email or ticket. Here are their contact numbers as indicated on their site: +44 20 3868 9628 (UK), +1 800 712 5702 (US) or +352 20 88 10 96 (other countries).
231  Bitcoin / Bitcoin Discussion / Re: All of us are more important to Bitcoin than Satoshi! on: March 20, 2024, 12:02:14 AM
If Satoshi had not also disappeared and become anonymous, he probably would have been in jail by now for not agreeing with government terms.

Very exaggerated.  Why would he be in jail?  How would that benefit the government?  Satoshi clearly disappeared for the sake of his own privacy (and maybe for the community).  Even if he had not mined more than a couple of thousands of bitcoins, he would be the number one target for $5 wrench attacks.  Nobody would believe him if he told he owned no bitcoins.

More often than not, the government reacts in an exaggerated manner. Being unreasonable isn't surprising as to how they conduct themselves. In the relatively short history of crypto, we've already seen a number of arrests. Somebody who made a free marketplace was arrested. Somebody who merely wrote codes and made it available for the public was also arrested. Somebody who ran a registered exchange was also arrested. Satoshi could have easily been accused of developing a currency for criminals and get arrested too.

Anyway, I feel embarrassed to claim that we are more important than Satoshi. It might make a little sense, though.
232  Economy / Economics / Re: Everything is over priced but people keep spending on: March 18, 2024, 03:35:34 AM
I don't know where you're from, but from where I'm writing a good chunk of the people are working day and night just to survive. That doesn't just mean eating; that means eating instant noodles, fried fish, and other cheap food. That also doesn't just mean staying; that means staying in a small and hot room.

That makes me angry, but what makes me angrier, and deeply troubled as well, is the fact that these people have surrendered everything to the reality. They seem to have fully embraced the life that fate has assigned them. They seem to have no other definition of life outside the kind of life they're living in.

Anyway, if cooking a meal at home costs you as high as eating at a restaurant, I guess that's less hassle for you. Or better yet, it might help if you produce at least a little of your own food.
233  Bitcoin / Bitcoin Discussion / Re: The impact of Bitcoin ETF on Bitcoin and the cryptocurrency market! on: March 18, 2024, 02:31:08 AM
1. Attracting traditional investors

This is good as far as the price is concerned. The demand is there. However, on the other hand, these traditional investors don't believe in the main purpose of Bitcoin. BlackRock's Larry Fink himself doesn't believe that Bitcoin is a currency. These players don't believe in the essence of Bitcoin. They don't see Bitcoin as money. In this regard, I don't think they're one of us.

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2. The market will gradually stabilize and grow more sustainably

Not true. You must have noticed how the price has been fluctuating wildly ever since the spot ETF was approved.  

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3. Bitcoin's popularity and acceptance soars
I agree. But, again, the question would be, how is Bitcoin popular? How is it accepted? If Bitcoin's popularity and acceptance are solely grounded on its being a new asset class, then that would be questionable. If this kind of popularity and acceptance flatly reject its being a legitimate money, then it might even be detrimental.

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4. Create more jobs related to the crypto field

Forget about the crypto field. It's heavily flooded with scams. Scam projects, those that are freely riding the waves of Bitcoin's popularity, indeed create jobs, but it's not worth it. The negative effects of these scams far surpass job creation. I would wish that these jobs won't be created if it means there will be scam victims all over the world.
234  Economy / Gambling discussion / Re: Canelo Alvarez - Jaime Munguia May 4 Super Middleweight Championship on: March 18, 2024, 01:42:57 AM
I think Bookies knows better. The odds is 5:1, that tells Canelo is heavily favored and he will likely win the fight.  During Canelo's fight with Bivol, he was only a slight favorite, but this one, bookies are pretty sure that Canelo will prevail as the winner. I haven't seen Canelo was upset in the past in odds like this, so I would not take chances betting for Munguia although the odds are very attractive, instead I'll stick with the real analysis that Canelo will win, question is what round will it end?

I'm sure you don't just look at the odds and decide which player to bet on.

When Canelo faced Bivol, he wasn't just a slight favorite. He was a heavy favorite. He was -500. That's 1.2. Those are exactly the same odds that are released now insofar as his fight against Munguia is concerned. So, as far as the bookies are concerned, they had the same level of prediction as to Canelo's winning probability against both Bivol and Munguia.

I might risk a little for an upset.
235  Economy / Trading Discussion / Re: 10x vs 15x Margin Trade Question on: March 17, 2024, 12:36:37 PM
As far as basic math is concerned, a 15x leveraged position provides more profit than a 10x leveraged position. And so, 5% of 15x leverage should be higher than 5% of 10x leverage. Therefore, I don't think your issue is about your leverage. There must be something else. You should provide the bigger picture. There are surely other factors for this.

If you continue to find none, then consider yourself blessed. Grin If increasing leverage means smaller profit, then choose lower leverage. Not only are you lowering down your risk, you're also increasing your profit.

How do I upload a screenshot here?

Just upload your screenshots through talkimg.com and post the link here. The image doesn't show up from your end because you're just a newbie, but anybody could quote it for everybody's visibility.

Others might be able to explain your curious case with the help of these screenshots.
236  Bitcoin / Bitcoin Discussion / Re: The Faketoshi saga is now coming to a close... on: March 17, 2024, 11:46:13 AM
I don't think the faketoshi saga would ever come to a full close. This is just a part of it. For one, the hunt won't end. It's because Satoshi would remain to be anonymous.

Somebody will definitely come forward with a crazy claim every once in a while. Although most of them are obviously deranged faketoshis, who knows there might be another CSW who has to be taken a little bit seriously?

Of course, the court's decision is a big welcome. I hope it will finally end CSW's harassment. I hope it will also kill BSV once and for all.
237  Economy / Gambling discussion / Re: Canelo Alvarez - Jaime Munguia May 4 Super Middleweight Championship on: March 17, 2024, 11:17:05 AM
I think the last time I saw Munguia fight was when he was an undercard in Canelo's fight. He was a young boxer who seemed innocent yet brutal. He was a rising star. And then I've forgotten about him. I'm now surprised he's now 43-0 and not yet making a huge name. Perhaps because he doesn't have a loud mouth?
~snip~
~snip~
Only 1 voted for Munguia though, not surprise, and also as there's no change in the odds, Munguia still 5:1. So maybe we should discuss what strategy Munguia or what plans him and his team should employ here. Canelo is known to be a slow starter, so he should take advantage of it. And the blue print is there already, Bivol beat him with volume and not allowing Canelo to settle in his comfort zone.

This is just my ignorant opinion. Munguia can learn a lot from Canelo's defeat in the hands of Bivol. Munguia is much younger than Bivol when the latter defeated Canelo, so I believe he can perform better.

He's got exactly the same height and reach as Bivol, so that advantage is already there. He could very well make use of them to frustrate an aggressive Canelo. Jabs and a powerful punch every once in a while could keep the distance. Canelo has to come close. Munguia should make sure he doesn't allow this.

Also, once frustrated in chasing him, Canelo might bait Munguia to let him come in. That's what he should avoid. Munguia should make sure his style prevails all throughout the fight.
238  Economy / Economics / Re: Boycott of Chinese products and economic relations - when ? on: March 17, 2024, 10:44:55 AM
~snip~
There is another problem here. In fact, the world has driven itself into a trap by engaging in self-hypnosis that if you really want to, you can build strong relationships with dubious regimes.
Over the past few years, we have seen the “results” of these “games” very well. For example, the monopolization of the EU energy sector (oil and gas) almost killed the industry of Germany and other countries. Why? Because they allowed themselves to be completely dependent on the regime, to whose antics they turned a blind eye since 2000.
It’s the same with China - in China they built a “world factory for the production of everything”, stopped supporting local economies and... now there is dependence on Chinese consumer goods! And the longer the resolution of this issue is postponed, the harder it will be for countries dependent on the “Chinese factory.” And China will do everything - from bribing authorities to terror, just so that the flow of its exports will dry up. Without exports, China simply degrades in a short period of time...

I'm afraid that at this point the dragon has already awakened. When I was young, that country has always been called the sleeping dragon. But the China of today isn't anymore solely dependent on cheap labor. Gone are the days when they could offer nothing but slaves. But they're not anymore just assembling products of companies from other countries now; they're selling their own products.

Today, the country is powerful and influential that other countries can't simply say no even if it's clear as day that China can't be trusted. I have always wondered why deals, huge deals, were made when they must have known that they're dealing with the devil.

~snip~
The approach Donald Trump took was to try to brings those companies and facilities back to the United States, but there is always the disadvantage of the prices for the final consumer in that kind of choice.
In short, it is possible but it would take a geo economical reorganization for several years.

I used to trust Barack Obama a lot in his efforts to bring US companies back to the country. But it seems it had very limited success. So, yeah, it is indeed very hard.

A geo-economic reorganization as huge as this might take no less than a war for it to happen. The influence of China is so powerful now.
239  Bitcoin / Bitcoin Discussion / Re: Would you invest in BTC or MicroStrategy MSTR? on: March 16, 2024, 04:31:18 AM
From somebody who is a fan of Bitcoin and not really of stocks, I don't even think the two is comparable. If you want to buy MSTR because you truly believe in the future of the company and that you are positive of its growth and development over the years, then buy MSTR. But if you buy MSTR because you are a fan of Saylor preaching about Bitcoin and that MicroStrategy is sufficiently exposed to Bitcoin, then it's all pointless. You better buy Bitcoin for yourself and keep it safe.

For me, Bitcoin is a world safer than MSTR. It only takes one serious problem in at least one of so many points of failure that MicroStrategy has for MSTR to plunge and become worthless. That's not the case with BTC.

As to returns, I think Bitcoin has a much bigger room for long-term price growth than MSTR.
240  Economy / Gambling discussion / Re: Scratch Offs on: March 16, 2024, 03:20:37 AM
When I was a student, I and my friends would usually buy a scratch ticket whenever we go to the mall where these are available. It was a lot of fun. We were students so we don't have much money. We can only chip in to buy a single ticket. We assign slots for each one to scratch. The most that we won was, just like yours, a new ticket. It was quick but fun. Those memories still remain with me until now.

I cannot remember which particular tickets we bought. I'm not anymore buying them today but I can remember there was a lucky 7 ticket, the one with the banana, another with the monkey, and so on. This is a government-run gambling business.
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