7495€. Good luck to everyone!

As long as your installed Ledger Live is the legit software downloaded from the legit website (https://www.ledger.com/), you should be fine. As far as I can remember, I updated my firmware directly through the Live app - as soon as I plugged in my device, Live asked me if I wanted to update so I only followed the shown steps inside their software.

If you are skeptical about your OS, create a Linux Live USB and install Live on it - you could update your Ledger firmware through Linux too, but in some cases the OS doesn't recognize your Ledger.. in which case it might be needed to modify the udev rules (simply enter the following command in the Terminal):


There was one time my wallet was reset during the update and I had to re-introduce my recovery seed. So keep that copy of your seed safe.

Reminds me of a quote from "The Good Psychopath's Guide to Success".

Don't have the book anymore to quote it precisely but it was something like "The best thing you can do to succeed is trying your best to fail", giving an example of a study that was done on a group of men challenged to get rejected as many times as possible from girls in a bar/club, the one with most rejects winning the challenge. Got harder to get rejected the more they tried to.

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The biggest lesson I have learned is that Bitcoin is and will always be the king of all cryptos defeating all the awaited deaths, finishes, scams or all the other things some thought would be imminent and lead to the end of the top crypto. Alts may sometimes get you very nice profits but overall, whoever holds only BTC will survive most of the times. When it goes down, the rest follow at a much more brutal pace.

True. I have nothing to say against your words, I like the way you think. To be honest, I've been constantly aware of the fixed supply and decreased inflation but I always ignored it until recently. Regrets or not, the key point is that I'm now demanding BTC as I'm one of those starting to see how financially hard it's getting to gather even half a coin (especially when you live in a country with much lower wages than developed ones) - getting to the exact point you're trying to make.

Just report them - it's all you can really do. YouTube became the new ground for crypto-scams recently as far as I'm concerned, replacing the previously invaded Twitter.

And then ask them to take & send pictures of the non-conforming hookers to the cops.

Maybe also equip some surveillance police drones with explosives & pepper spray in case a hooker is caught red-handed.

It was either a panic sell, whales cashing in millions or both. Whales usually have the ability to change the market trend within a click of the mouse.

When lots of people buy, the price goes up like at the end of 2017. In jan 2018, lots of people sold - making the price fall.

But putting these aside, if you take a look at the 2017 charts, you'd see that prices higher than $15-16k were only hit for short periods of time. While you take a look at the chart and say "wow the price used to be $20k in 2017", remember it was only a matter of minutes, hours or maximum a few days. Only few lucky ones were able to sell at the highest price - while other inexperienced traders probably bought.

Let me explain how the price falls/rises:

Take a look at the following order book (order books contain price listings of sellers, sorted by price) from an exchange:


Say you have 10 BTC and decide to sell them instantly on the market, and you meet exactly this order book. What choices do you have?

 - The price is currently $8,686.0843. As you see, the first trader on the buy orders list (the blue list) offers $8,684.6957 per Bitcoin but only wants to buy 1.1612 BTC. Because you have 10 BTC, you cannot sell instantly to this trader. Therefore, to sell 10 BTC instantly, you have to sell at the following prices:
          -> 1.1612 BTC @ $8,684.6957 (completing the first blue buy order)
          -> 1.0137 BTC @ $8,684.6757 (completing the second blue buy order)
          -> 0.8663 BTC @ $8,684.5957 (completing the third blue buy order)
          -> 0.7926 BTC @ $8,681.5958 (completing the fourth blue buy order)
          -> ... and so on, until you get to a total of 10 BTC sold.

 - Because you sold to the first buy offer every time, you had to sell at lower & lower prices - hence, influencing the market negatively. Now imagine you had 10k BTC. If you wanted to create massive panic, you could sell instantly to all the available offers and create an enormous price dump.

If you decide to buy, you'd have to do the same thing: buy from the first trader on the red (sell) orders list. The more you buy, the more expensive you'll have to buy at. With a large enough purchase, you'd influence the price positively - creating a price rise.

In other words, if you decided to sell BTC at a minimum of $8,600.00 and had enough Bitcoins to fulfill all buy orders until you hit that price, you could and you'd drop the price to $8,600.00 for some time. The opposite effect is met when purchasing.

And yet, people question the backing of Tether's supply and nobody gives a precise answer. That's half-transparency and half-transparency is equal to none. I either tell you the truth or lie - telling you half a truth and half a possibly made-up fairytale story only leaves you confused and my words interpretable & questionable.

Haha, I used to watch gamblers every time on Twitch years ago, it's entertaining for sure

I only had a few very large winnings - few of them were 4950x rolls on dice games. I didn't have much of a reaction though besides running out of words for a few minutes and jumping all around my living. Feels amazing to see that large win after hundreds or even thousands of continuous losses!

Freewallet has lots of accusation threads and reviews, so no. AFAIK, they're well known at least for scamming by abusing the KYC policy. If you are looking for a good Bitcoin wallet, go for Mycelium or Electrum. Or, even better, buy a Ledger or a Trezor.

No need to make "many" accusation threads. One is enough - if anyone is looking to find out whether a platform/app is safe or not, they'll find it. There are so many scams out there we'd need to make thousands of accusation threads a day if we wanted to pop them to the top every time.

Freewallet is one that has been around for a very long time scamming users, yet if I search some of the most popular coin names on Google Play I find their wallets at the top of the suggestions. It's all about being interested in avoiding scams.

Otherwise, if someone doesn't care and isn't paying enough attention to what they're downloading and transferring their money into, there'll be a time when they'll hit the wall anyway - and it'll be too late.

Past two halvings' results don't mean anything but a possibility that the third one may or may not turn out to have the same insane results.

To those who've bought early, any new dollar added to the price is an insane profit. But if you bought at $20k, all you can do is either sit & wait for another massive ride or just sell. It's all about speculation. If you take a look at both halvings, $11 -> $1,000 is almost 100x while $700 to $20,000 is much less although at a first glance looks like a massive increase. If we follow the same trend, it means this time the price post-halving will be much lower than you may expect.

It's just too early. I say we need at least 5 halvings + 2-3 more years before we can possibly say there really is a correlation between halvings and price.

+1. I never felt secure when using paper wallets generated by a website.

If you are not new to PCs and like trying out new stuff, there is one more thing you can do: securely flash Tails (a Linux distro) on a 8GB+ USB stick and use Electrum over there offline (or online, your choice).

Plug out your Ethernet cable, optional step: physically disconnect all hard drives from your PC, insert the bootable USB, boot Tails from it and there you have an offline, airgapped PC to safely use Electrum with (Electrum is preinstalled on this distro). And as far as I know, you could use Tails even online with Electrum safely - as long as you've verified the flashed ISO signatures correctly, risks should be minimum.

Just make sure you store the seed correctly when generating the wallet and you should be good to go. Once you shut down or reboot your PC, everything on the stick will be reset and any new change/file will be deleted.

The advantage of this is that afterwards you can just shut down your PC, plug out the USB stick and use it again whenever you like. Moreover, your bootable Tails will run on Tor all the time.

Anything we do with BTC will still require some level of trust.

To use Binance, you have to trust their website. To use an ATM, you'd have to trust the code behind it. To verify your identity on some platform, you have to trust the procedure and their words when they say your private information will stay private. To use BTC, you have to trust the coding behind a wallet. If you're not a programmer, like me, you'd have to trust other people understanding programming language because even if you wanted you'd have no idea what the open source code says behind a software unless someone explained it thoroughly. And even then, you'd have to trust them. Same goes for Bisq, OpenBazaar or whatever other open-source platform we use.

You see, while Bitcoin was built to be trustless, unless you make a transaction with someone face-to-face or through some magic script I have no idea how to write (took this from pooya87's reply before mine), you will have to trust something or someone. That does not, however, change the decentralized characteristic of BTC. It's just that some people support decentralized platforms/methods which are more inconvenient while the rest support centralized ones, which are more comfortable. In the end, both people will use BTC the decentralized way (unless they're using exchange or custodial wallets to hold & transfer funds, of course).

The decentralized manner of BTC doesn't change because you are not obliged to use an escrow service, for example, in order to sell something online. If both parties decided to, they could do it without the existence of a third party. Same goes for exchanging BTC. If you search enough in your city for a person who has some BTC, you could convince them to sell you some or to buy some from you if they're interested. If both of you agree, you could do it face-to-face. No third parties involved.

If third parties were mandatory and p2p wasn't a choice, this reply would have looked completely different (obviously).

So nope, BTC's decentralization isn't a thing to worry about. That's unless some governments decide to make any peer-to-peer Bitcoin transactions illegal which would be an abusive and nonsense law.

On the other hand, the fact that they're pushing for more & more regulations scare me a little bit because I never know what to expect. They always push for more invasive laws. But still, for now, nothing to worry about.

Probabil deoarece piata crypto e nu doar non-reglementata ci si relativ "tanara" si mai greu de manipulat, fapt pentru care multi incearca sa gaseasca o legatura reala intre Bitcoin si X, Y sau Z.

Daca arunci o privire peste orice tip de predictie si corelare, ai sa observi faptul ca multi incearca si mai nimeni nu reuseste. Intr-adevar, sunt cateva care au avut "miezul" predictiei cu reusita insa daca ignori acel miez care devine adevarat, ai sa observi ca in rest n-are nici o treaba ce spunea persoana respectiva cu miscarile pretului BTC.

Sau mai rau de atat, s-a ajuns pana aproape de miez dupa care s-a dus naibii tot (ex: urmaream un trader "pro" acum cateva luni care spunea ca nu mai urca BTC vreodata peste 8k, a fost bear market cam o saptamana cu caderi mari si apoi si-a revenit regele )

Hai ca ma faci sa-mi contrazic singur OP-ul, incerc si eu sa fac cumva sa se mai trezeasca si altii p-aici pe board-ul Ro si nu mai stiu ce sa postez mai "diferit"

I see & understand what you guys mean. Thanks for the explanation - I appreciate it.

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Holding full nodes on satellites and/or data centers would be centralizing the network, defeating Bitcoin's purpose.

Ai dreptate, totusi mi s-a parut destul de interesant faptul ca graficul pe ultimele 10 luni de zile este aproape identic pentru amandoua si "asemanarea" tip "fake meat"-"fake currency" dintre ele.

Aparent BYND e pe plus in ultimele 24h cu aproape 9%, deci nu, n-a avut cadere asemanatoare

Updated post count: 2756

Tether as a coin is fully transparent, but what's the point in having a transparent currency if it's centralized? The coin is transparent, but the company behind it isn't. Hence a pretty bad combination.

There are lots of large corporations out there laundering money and wash trading. It's supposed that governments "know" or "would find out", but they don't - or they do, after they transfer millions and billions in their tax-haven bank accounts. If they're doing shady stuff, they'd obviously steer away from the government.

So yeah, although the coin itself may be transparent, I'd personally not tell someone that Tether is too. Could create the wrong, interpretable image of it in someone's mind and I just want to avoid that.

They both most likely didn't discuss/mention why they left for a reason. I support your message. If they wanted to say something about it, they would've done it. I've seen both of them on the forum here and there and they both deserve kudos for their work. No reason to try and get the answer if they wanted silence.