It seems that this guy has been openly pro-Bitcoin before as well, believing that it promotes freedom by being censorship-free. Given that he was born in the US, raised in the UK and moved to Serbia only a couple of years ago, though, I am not sure if his opinion is highly regarded in Serbia (might not be important at all, given the quote of Pmalek by Lucius in the thread). Still, it's always nice when people voice support of Bitcoin and believe that it should be a part of education.
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Rafael Nadal vs Richard Gasquet: a) 8 b) 1:44
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When Bitcoin was the only one and when the market only had a handful of coins, it was all very small, the marketcap was very low, and so was the price and adoption. Altcoins can be seen as competition, but it's not so simple. Most of them have their own things going on, and they also aren't really a competition to Bitcoin. Moreover, tons of people are interested in the crypto market as such, not just in Bitcoin, and you've probably observed that during the bear market, everyone suffers (every or most big coins anyway), whereas during the bull market, they all benefit. So if Bitcoin were the only one, it wouldn't have taken over the total marketcap that currently is occupied by other coins; instead, that marketcap probably just would not have existed. Also, Bitcoin isn't capable of handling all the transactions that would need to be handled if the demand remained the same as now but other coins weren't out there.
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If the news is about the USA and it's the board of the forum in English, why isn't the article in English as well? And when I google 'US Fed policy Bitcoin', I see nothing from the last couple of weeks, so I'm really not sure which policies and which impact on Bitcoin the op is referring to. In any case, I think that Bitcoin is safer than fiat because it's not directly a part of the global economy and isn't necessarily affected by fiat policies, trade restrictions, certainly not by fiat inflation. Bitcoin isn't doing great, but the price isn't going below $19-20k, so it's roughly the way it has been throughout the summer.
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I didn't know about this exchange, so thanks, op, for sharing this. I wonder why the thread is named "New exchange" if it's the first crypto exchange... It does seem to be the first one, it's just that 'new' is normally said when something already exists. The price is unbelievably low, it's hard to realize how much Bitcoin truly moved forward over these years. I wonder how many people from those days still have something in Bitcoin that they bought or got during such low prices. I, unfortunately, joined the market much later, and then took a while to realize that Bitcoin is truly valuable.
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Investing in cryptos is much easier than starting a business. For a business, you need: - a business plan (what's it going to be? where and how?); - initial investment; - licensing, contracts, most likely employees; - keeping track of your spendings and profits, hoping that after a few years you start getting to a zero balance and then profit. For crypto investment, you need to download Electrum and write down your passphrase to a safe place, go on an exchange and purchase Bitcoin with the money you're willing to dedicate to it, withdraw Bitcoin into your Electrum wallet, hodl. Maybe you'll need to pay taxes, but that depends on a country and it's up to you. You hodl and wait for Bitcoin to reach your target price. With business, you also need to run it, so you're investing a lot of your own time into it. I think that realizing that investing requires a way lower effort might inspire more people to do it.
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I think the op is inaccurate on many accounts. Gamers wanted NVIDIA cards, they were willing to buy at MSRP or up to 30% more expensive whenever a GPU was available. I don't think the pandemic killed gaming at all. The problem was with Ethereum miners, wanting tons of GPUs for their mining farms and willing to pay way more than a GPU should cost. So the prices were crazy and people were waiting, hoping for it to be over. Now that the market is down, miners are suddenly not so interested. You can now buy a GPU of the last generation at MSRP in many places (although not everywhere), but given that the 40s series seems to be around the corner, gamers have waited long enough already to upgrade to the new ones. As for power supplies, it's not really an issue because there exist good and strong power supplies that can handle whatever the new series bring (and for 3080 it's totally fine). Also, while inflation is rising, GPUs currently cost way less than, say, 8 months ago, when inflation wasn't an issue but chip shortage and scalping were. NVIDIA is a leader on the market of GPUs, they'll be alright. They'll make less money, yes, but I don't think there's any chance they'll actually go out of business.
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While generally, those who invested earlier can expect to enjoy better profits, there are also bull and bear markets to take into account. Someone who invested at the end of 2017 would be at the same position as someone investing now, 5 years later (assuming a person didn't sell the coins since the investment). And someone who invested a year ago would be in a much worse position now. So, actually, people can benefit much later on by choosing the timing right. Moreover, as the op points out, it's important what one invests in. Bitcoin is one thing, while alts can be very dangerous.
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I don't know about India, but taxation legislation differs from country to country, and enforcement of compliance with such legislation differs as well. In my country, cryptos aren't really taxed yet because the details weren't figured out. Some pay income tax, I think, and some pay property tax, if they really want to make their coins fully 'green', but it's not obligatory. But even with things which are taxed, many ignore it and don't pay taxes because, unless it's like a big business, the authorities won't come after you.
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I agree that gambling became one of the early use cases of Bitcoin and some other cryptos as well. The pro is that it's a use case where cryptos are treated as money, not an investment. The con is that it's usage via a centralized platform, usually by depositing and storing some coins in a casino wallet, where the money actually belongs to the casino itself. But still, to this day, I use BTC for gambling and it's my most common usage of cryptos. mk4 seems right, though, that it wasn't the earliest use case because there were also things like Silk Road.
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I am sorry for your loss. I don't know how much is 10 BTC in percentage of your total savings/funds, so it's hard to assess whether it was indeed a huge loss or not personally for you, but it's a lot of money to lose in trading. It's great that you overcame the depression and are recovering from it. However, you should also learn a lesson from this loss to ensure that now that you're back to trading, you don't lose that much money again. You should limit the percentage of your funds with which you do trading, so that you can't experience a devastating loss.
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I've seen similar estimates a few years ago, I believe, so it's not anything new that's going on, right? When it comes to total trading volume, there've been reports claiming much worse figures than the current 51%. In 2019, there was an article about 95% of the volume being fake, and about 70% of volume on Coinmarketcap being fake. As for Bitcoin trading volume, 50% was claimed to be wash trading. So these stories have been going on for years, and I guess they are even likely to be true. But there's clearly enough volume on big exchanges for big purchases and sales, so I don't think we should be too concerned.
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I like the illustration, and I think it can be used as a gateway into the topic of centralization versus decentralization. I also fear that it's an oversimplification that can lead to unwanted consequences. For example, while Bitcoin is decentralized, people very often use centralized exchanges to buy, sell, or (unfortunately) even store their funds. Or, some use custodial wallets, where again, there's an authority. At that point, there is a center, there is an intermediary, so it's important for people to remember that Bitcoin can be used differently and it decentralized when one truly doesn't use centralized services, which might not be that often.
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Schools and education can be very different, not every teaches one to be afraid. Moreover, sometimes it's important to be cautious, and I'd say feeling insecure when using centralized platforms is a healthy approach because many make a mistake of carelessly storing their coins on a centralized platform and then suffering when there's a hack, an exit scam, or an exchange freezes the funds and asks for things related to KYC. I think most people aren't investors into anything, and of those who invest, the majority would prefer a low-risk investment. Bitcoin is highly volatile, and the risks shouldn't be underestimated. People who are afraid of investing should stay away, it's better for them and for the market. For them because they remain calmer people and make responsible decisions. For the market because we already have plenty of panic sellers, and having less could help make Bitcoin more stable.
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a) 13 b) 1:55 a) 9 b) 1:33
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1. Leclerc 2. Leclerc 3. Verstappen
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1. Andy Ruiz 2. Over 9.5 Rounds 3. Round 10
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12) Cyril Gane 11) Marvin Vettori 10) Alessio Di Chirico 9) Nasrat Haqparast 8 ) Nathaniel Wood 7) Abus Magomedov 6) Michal Figlak 5) Joaquin Buckley 4) Benoit Saint Denis 3) Khalid Taha 2) Stephanie Egger 1) Jarno Errens Match 12 Total Strikes: 75
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a) 10 b) 1:49 a) 9 b) 1:30
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Game 1: 30' 3-0 Manchester United Game 2: 30' 2-0 Arsenal Game 3: 30' 1-0 São Paulo FC
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