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All you are trying to say is avoid FUDs and FOMOs. People have been warning each other about this from the very beginning, but sadly, people still fall for those fear based factors and take bad decisions that they later regret. Some stops investing once they fall for those steps, few people starts to spread negative and hate while the rest learns from their mistakes. The kind of people who learns from their mistakes are the once who actually ends up being successful, while the rest aren't able to move on and regrets their whole life.
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As a long-time Bitcoin hodler, I welcome the current development of Bitcoin and find the increasing acceptance great. But the question arises as to whether Bitcoin can still be considered as money for everyday transactions or whether the idea is outdated and Bitcoin is more of a store of value option like gold than a means of payment.
Why? I try to pay with Bitcoin wherever possible. Fortunately, more and more merchants and services are accepting Bitcoin. Whether directly or through third-party providers. Here are my experiences over the past few weeks.
I wanted to take out a subscription to my favorite streamer. $4.99 payable with Bitcoin. Timely Confirmation Fees, $ 6.71. 134% of the purchase price. Even with an annual subscription, the fees would still be around 20-23%.
Paying my web hosting costs of around $30, Bitcon fees also around $5, which would be 16-17% fees.
The fees may be acceptable for buying a Tesla for $ 40-50k, but certainly not for daily payments.
You are not wrong over here! What I find amusing is that people will still try to oppose your opinion. They are either blind or are just a huge fan of bitcoin that if anyone says anything against it, they will get aggressive. I don't hate bitcoin or anything (in fact I love bitcoin and is the only coin I hold along with other top two altcoins), but I do admit that there are many flaws over here. Flaws that is going to make bitcoin "unusable" as a regular currency. As long as people don't admit, there is no hope of fixing things. But I do believe we all are smart enough to come up with a solution that won't break the main protocol. |
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Lot of people do place esports bets. As far as I remember, there are sites that allows you to place bets with "skins" or "keys", and then valve started to take some actions against them. Valve started to restrict those bot trading accounts that accepts wager (skins and keys). Not sure what happened afterwards, but I do see people still betting on games like csgo.
I have also seen few casinos that are offering esports bets and accepts crypto currencies. You may want to try that.
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Check the gambling board. You will find few casinos that allow user investment. Make sure you choose one of those that is established and has active community over here.
Don't go for the new ones. You will highly likely be scammed and lose everything you have. If it's a well known casino, then your investment will be somewhat "safe". Risks are still present though. You might lose most of your investment in the short run if the house is unlucky. But remember, casino investments are long term investment. You will get profits in the long run because the casino in the long run always wins due to house edge.
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is there someone holding bitcoin from early 2010 when the price is around 0.01 and still not selling today? just wondering?
I am sure there are few people out there that are still holding their coins from early 2010 (or maybe had coins, but lost them or forgot about them or maybe even dead  ). None of them are probably being vocal since they do not want to attracted unwanted attention. Lucky them I would say. Most of them should be millionaires by now I guess. Probably there are few wallets that has been posted publicly that shows that they are holding their coins from 2010 (you still won't be able to know if they are holding or lost it). I am sure its easy (maybe) to track wallets that has been holding coins from 2010? |
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Fiat might be sinking, but it can still last for a long time. I mean, how long can it keep sinking before it drowns: are we talking about another year, 10 years or maybe 70 years? He's talking about inflation as the kind of sinking, but when inflation is stable, it can indeed go on for a long time without major issues. Moreover, lifeboats can only take some people, whereas if too many suddenly head for them, they're all going to sink. Bitcoin transactions would get stuck way more often, and the fees would get even higher if people suddenly move away from fiat.
Sorry to disappoint, but anyone who thinks fiat is going to "sink" and then we will jump on a lifeboat (bitcoin) are plain stupid. Fiat won't sink anytime soon. The government will make sure of it. Fiat is very important to them. As soon as they realize that fiat can no longer sustain the economy, they will come up with some "centralized" that they will be able to control (like fiat). They won't randomly replace it with bitcoin or any decentralized currencies. So people should stop dreaming about that. And yeah like you said, when everyone boards the same lifeboat, the boat itself is going to sink. |
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So finally holding coins thus pay off, there have been many doubts and complains in the past about if bull season will ever make a comeback, here we are today in another bigger and better bull season, how many of you dumped and give up before bull season begins? This is why patience is the key when holding coins
BNB was once 6$
ETH was once 100$
BTC was once 3500$
Yes, holding will always pay off well. This is something most people don't understand. When they see the price dropping, the start to panic and sell everything they have. But why? I thought the first rule of investing in crypto currencies was to invest only money that you can afford to lose. Invest money that you "don't need". Then why do they sell? If the price is dropping, as long as they don't sell they haven't made any loss. When they see the price dumping, they should forget about their coins and stop worrying about it. The dumping won't happen forever and eventually in the long run, a new all time high will likely happen. |
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Welcome to the forum. Make sure you read the rules and understand how the forum works before making further posts  .
Why exciting? The worldwide landscape is changing thanks to Blockchain / DeFi projects that bring real value. We are living in a beautiful era - Web3.0 - where anything seems possible ( NFTs, Finance, Stakings, moonshots, etc. ).
Nothing has changed yet. We are still using old technologies. Blockchain technology is still in its infant stage and will take decades before everyone starts using this new creation (note that I am not talking about crypto currencies). That is not horrifying. Every investment has risk. If you invest in stocks or a business, there is a chance that you will lose everything. So do you classify them as "horrifying"? Nope, you don't. And scams exists everywhere. You just have to be smart to not fall for it. This is what Coreto.io has been working on for the last 2 years, a platform to hold people accountable for the information they share. Their ALPHA will release somewhere this spring and i am very excited to be riding this wave early. Find out more about their project on Twitter or www.coreto.io. They also have a telegram group where you can discuss directly with the co-founders ( https://t.me/Coreto).  Hope this post sparked some interest regarding the lack of trust and transparency. Have a great week everybody! If you are trying to promote your project, make a proper ANN thread. You will attract more people this way. |
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Even at the current stage of bitcoin, we shouldn't underestimate the mind of human because it's dynamic for every second. I have this feeling and thought that most of this popular companies are into cryptocurrency but they are yet to go public perhaps the fear of SEC and its news effects on their share.
Why is everyone saying that they aren't investing in bitcoin or other crypto currencies because they fear SEC? As far as I know, SEC or any financial regulatory body cannot stop a company from investing in crypto currencies or any assets. As long as they follow business laws and everything properly, they can do whatever they want. I have this feeling and thought that most of this popular companies are into cryptocurrency but they are yet to go public perhaps the fear of SEC and its news effects on their share.
If they do, they have to notify it publicly. They probably did, but aren't vocal about it. I am sure there are tons of small to mid companies that are holding bitcoins as assets. .
I still think this guys are heavily buying and selling of crypto in every pump and dump.
I doubt they would be trading it. They are likely to hold it as a long term investment. Too risky and complicated if they join the pump and dump trend. |
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Bitcoin and other altcoins are recovering fast after the correction since three days now, is this a good time to still buy few altcoins or this bullish trend is a hidden trap door to bear market?
Why do people keep on asking the same question? I bet you also had the same question in mind when the price was dropping? Weren't you thinking if "it was the right time to invest now or will the price drop further" ? Am I right? You probably kept on waiting, but then saw the price recovering and now once again you are confused. Just forget about everything. If you can afford to lose, then invest no matter " if its a suitable or a bad time to invest". Invest and keep holding until you are satisfied. |
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Match fixing is something the government can't stop. They can provide more strict laws and everything, but it is still going to happen. But you make it sound like it happens almost in every match. It does happen, but not as often as you think. There is nothing you can or the government can do if the whole organization is corrupted. You don't even need the whole organization to be corrupted. One or two unscrupulous person in the organizations are enough to mess up the whole system. -snip-
Why certain sportsmen have such greed towards money when people are starving to have a single meal on a day.
This comparison makes no sense. |
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In the past month and a half i've made over 100k arbing different markets and developing a very hard-to-beat strat. I submitted my resignation to my full time job last week . Wish me luck. Long live crypto.  That's great, but you sure you did the right thing resigning from your job? You know that trading is very risky. Just because you managed to make 100k now, doesn't mean you will be able to do that every day. You should even know that your "hard-to-beat" start might fail anytime because the market isn't always the same. Having a job gives you a "risk" free source of money. So think again. But in the end, its your choice. You know what's best for you. So good luck with your trading. |
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The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties. Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should. You mean they should start making their own crypto currencies or coins? Well they can, but do we need them? We may if they provide better use cases. But one thing, they starting to develop their own crypto currencies will help spread more knowledge about the "existence" of current coins like Bitcoin and ETH among general people. People are curious. Once they see that Apple and Google are looking at making their own crypto currencies, naturally (at least most of the people) will try to learn more about crypto currencies. This way, they will get to know about bitcoin and other well known currencies. So yeah, they should start competing and aggressively promote blockchain techonology. |
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I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.
What you think this coming month (March) will bring?
If you are talking about last year, then there was a reason why the price started to tank so badly. When the lockdowns were implemented and covid was spreading, people were panicking. They started to sell everything and get cash. If you remember, even the stocks plummeted badly. The whole economy was affected negatively. The same happened with bitcoin and other crypto currencies. People started to sell off their coins and others followed. The good thing was, the price started to recover real quick while the stocks and the economy still suffered. I am almost sure, the same thing won't repeat this time. |
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What do you mean by "powerful" people? If you are talking about influential people, then yeah, it's true. Back in 2017, no big institution or people were investing in bitcoin. Price were getting pumped because people where just jumping into the hype train. They were afraid they were going to "miss" the opportunity to make some quick profit. Hence, the more people like them joined, the higher was the "risk" of the price getting dumped. Eventually people were uncertain and scared that the price was about to fall and it did end up happening sadly.
But its not the same this time. More big companies and well known people are supporting bitcoin and investing in it. Though we won't see the price rising forever, but we will see some sort of "stability". I mean the price won't drop back drastically.
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-snip- They are of the point of view that since internet cannot replace the newspapers, the same is true with the banks. Being a crypto lover, i would love to see banks eliminated but does these big people with so much money will let that happen  Would have been better if you had linked the source. But this is somewhat true. Bitcoin cannot and will never replace the banks. Banks are something that the government uses to control the who economy and the financial aspects of the country. Replacing it will just cause a chaos. Those who think bitcoin will replace fiat currency are also in the stage of ignorance. Even if crypto currencies replaces fiat/bank, its going to be a centralized coin that is under the total control of the government. |
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So what are the steps the government of Thailand are taking to "tackle" this illegal gambling problem? I have seen countries where illegal gambling is widely practiced just because of how the government handles the gambling scenario. They make gambling illegal (but why? As long as an adult is gambling, what's wrong with that? Adults can take their own decision and are grownup that knows that actions has consequences) or heavily regulated making it impossible to get license. Hence underground casinos are the only option left for them.
Maybe they should try easing gambling law?
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You have some good points over there. But you missed one thing. Tell them to read news or articles form reliable and authentic sources. Most of those people that think bitcoin is a "financial pyramid" or scam are the ones that read news or articles from some random clickbait sites or from social media. Articles they read are mainly FUDs. Mainstream media mainly broadcasts/publishes news that has somewhat a "negative" tone towards crypto currencies.
Provide them with links and sources where they will be able to enlighten themselves properly.
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Other than bitcoin price going up, transaction fees have also gone up which makes bitcoin gambling expensive and unattractive atm,if I must say am actually gambling less these days.
-snip-
Unless you are going to do high volume bets and think it's not worth paying the fee, then you are doing it right by switching to some other coins. Or maybe make a deposit a day earlier before you start gambling? -snip-.
There is also an issue of casinos pegging your balance to USD value upon transaction getting confirmed which makes it pointless to use btc as you lose out on an soaring prices of BTC.
Wait, if that is the case, then you are not gambling with cryptocurrencies. I assume the casino you are using converts your bitcoin to fiat automatically. But why would you even play on such casinos using bitcoins? There are casinos that shows your values in USD so you can better understand how much "money" you have left which will help you better manage your bankroll. The values get updated with the current price automatically. |
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what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
No it's not bigger. Look at the percentage of the drop, not the amount it dropped by. You will see the price dropped in percentage is "very normal" when compared to previous years. And you should have expected this. The price won't be going up forever. A correction is always healthy for the market. It enables new investors to join the market. The only "reason" is that people are cashing out on their profit. Weak hands selling off is one of the main factor on the multiple dump since yesterday. Since coinbase news didn't fully stop the bears yesterday, Weak hands are now selling in able to exit with profit before there position got loss if the long bearish season occur. Most of this sellers are those swing trader that bought when coinbase news released.
What coinbase news are you talking about? |
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