There are many ways in which a bitcoin payment for a hotel or anything else is being made.
Some businesses want to attract Bitcoin users by giving them discounts which is a great idea. I'd use that. Some give no additional bonuses but no costs either. I'd think twice because my Bitcoins are my investment and I'd rather spend fiat. If there are additional costs and I'd have to spend more bitcoins than fiat I'd never do it.
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Most of us don't have to worry about it because Bitcoin will either be worth a lot of money or nothing before it's mined out completely.
Why don't we have to worry? After all, it's an investment and we should care about it. We don't just throw our money into bitcoin, at least for me. I said not to worry about what will happen after all coins have been mined because it's going to take many years and you'll have more than enough time to rethink your investment by then. You'll be out of it with a lot of money or a big loss I can tell you that already.
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In fact, Bitcoin still has a long way to go in order to catch gold in terms of history, price stability, and accessibility.
History- it's never going to catch up. Gold has been used for trading for thousands of years. Even if we compare that gold had an ETH long time ago BTC is nowhere near catching up. Gold is always going to look better historically. Price stability - it's mostly about the size of the market. Bitcoin is still tiny. We'll start comparing in 10 years because I believe it will catch up in capitulation and become much more stable. Bitcoin is already as accessible as gold if not more. You can buy it anywhere in the world even in ATMs.
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I don't expect it to break ATH this year but it's all going to be fine because it's still on track to do it in the next 2 years.
If you look at bitcoin halvings on the charts you'll see that it did not pump right after each halving. Halvings were always followed by bull markets but each subsequent bull market was longer. This is to be expected as we're talking about much greater amounts of fiat money needed to push the price above the highs.
I expect the price to stay around 10 thousand dolars this year.
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I don't think that it was Covid that made it fall in the first place. It was rather that border shutdown by the US and the EU followed by a stock market crash that started a panic on Bitcoin.
It's all fine though. Many people have pointed out that Bitcoin remained strong and recovered faster than stocks which shows that it could become untethered from traditional markets pretty much like gold already is.
I don't think that it's news about the cure that are making it pump right now. To me it's more about the halving.
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This is an obvious NO. Just as horse and carriages are not ideal modes of transportation.
An ideal currency must be like cash and allow the user privacy. Bitcoin does not, and will never, have this ability.
Bitcoin is transparent but it's also private. Bitcoin is not private. The NSA created it with the intent purpose of tracking payments globally. So you're one of those conspiracy theorists Does it really matter if the NSA, an institution with no global jurisdiction, finds out that someone from Austria sent some money to someone in Russia? What are they going to do with that information, not knowing what the payment was for?
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I use USDT mainly to take profits. Keeping coins in fiat currency is really not entirely wise. They can be used as an aid.
I also only use UDST to take profit because after every investment I usually do this to know exactly how much my profit is. Of course this is a very important coin in the crypto market because any investor will use it when choosing to invest. Also, lots of new options are available to everyone like USDC, BUSD, TUSD but these are just alternatives. Then I advise you guys to start taking profit in USD or EUR and avoid USDt. Until they become fully transparent and openly say how much they are able to cover in USD and how much is made out of thin air I'm going to avoid them and tell it to everyone that I know. USDt is like a disaster waiting to happen. Until they go transparent we won't know if they aren't manipulating the market.
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It was dead to me the moment Charlie sold his coins. This was also the last time LTC was really worth big bucks and was looking strong.
Not true, this is an open source project. I dont think a project can easily gone even they have investors. No active developer on the scene, but someone can make this improve more. I dont see the difference with it from bitcoin. Developers or the creators are not active but they are the top coins on the market. What does it prove then? Decentralized can evolve even without these people watching close by. Ethereum is on a different level and has so many active staff ob their disposal. I cant compare much because this is a battle of active projects and pioneer coins. Look out also on dogecoin, these are first coins since blockchain has begun and it will stay at the top due to their positioned ever set. Are you seriously going to disagree with that? What do you think would happen to Bitcoin if Satoshi suddenly appeared in public and said that he's not going to be involved in the project anymore and he's selling all his Bitcoins? Because that's what Charlie did with LTC. You can also see that this move was reflected in the price because he did that in 2018 and since then LTC went from 300 to 40 dollars. saying that BTC was in a bear market also doesn't cut it because Bitcoin is worth between 40% and 50% of its ATH. LTC can't even go back to 25%.
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This is an obvious NO. Just as horse and carriages are not ideal modes of transportation.
An ideal currency must be like cash and allow the user privacy. Bitcoin does not, and will never, have this ability.
Bitcoin is transparent but it's also private. When I pay for something with Bitcoin the other side doesn't know my name so it is private in that matter. To fully use the privacy it offers you have to buy it from someone else in person, mine it or earn it. You cannot use a centralized exchange.
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He's such a moron. Satoshi never used Bitcointalk but "My final post, in fact, links to a domain that does not exist." So that's suddenly "my" post? I thought You did not use Bitcointalk Craig And of course published by bitcoin.com the most trusted crypto media site in the Internet
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I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.
We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.
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The climate has its ups and downs. Don't be too negative it's still doing ok in the time of economic disturbance and pandemic.
One thing Satoshi did not expect for sure were people trying to lie to the public and try to make everyone think they're Satoshi. He made a system that allows to sign addresses and that should be the one and only proof needed to know for sure who is who.
Part of the community allows people like CSW to tarnisg the name of Bitcoin and Satoshi by ignoring that he did not sign any of the original addresses. This is "going to shit" in my eyes.
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the price for oil is temporarily negative, it will go up soon. the price for bitcoin will never go down to negative price
It had done it more than once in the past and can do it again. It's not like Bitcoin is immune to negative drops. It was on the negative when it was trading for 300 dollars in 2015 and it did the same thing twice in this recent bear market. One time when it went to 3000 dollars in 2018 and briefly this year. Negative doesn't mean below 1 dollar. It means below the price of mining.
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Bill contains your name and your contact number which will be liked yo your national identity
I'm not asked for my personal information when I pay in cash if it's not something the government wants to know about or wants to have a paper trail to look into (vehicles, real estate, certain very specific items the government likes to keep track of). That's what I had in mind. Cash payments don't require any ID and it's the same with Bitcoin payments. Even if the item gets delivered to your house it's not going to be grounds to prosecute you because you can't be identify as the person who paid for it. You could be taking the delivery for someone else and it's not like you have to sign it with your own name. When I get something delivered they just tell me "we have a package for ... please sign" They don't even ask if I'm that person. I had friends who were at my house receive deliveries for me without any problems. If you have to register as legal owner of the thing like when you buy land it's different and easy to trace but you can buy a watch worth much more than a new car and never have to sign anything or show an ID. There also other ways like ATMs that don't require you to scan your ID. There are exchanges that allow you to withdraw in an ATM without any KYC.
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I wouldn't generalize. There's always a lot of people who believe in projects. If they wouldn't you wouldn't see so many Bitcoin whales and young millionaires.
People always can be divided into 2 groups. The first one is the small group of believers and investors. Those people are the ones to tell stories about how they made their first million or about how they lost it by being hacked or gambling it away. Whatever happens they are those interesting types.
The second group is the majority of non-believers who are always negative and never make money which makes them even more angry and negatrive. Don't worry about them. Most people in the world are poor. That's a fact!
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Firstly it's not 21 BTC, it's 21 million BTC otherwise it would mean I belong to the Elite =)
Who says you don't? The halvings will make it so that it will take many more years before coins are mined. Most of us don't have to worry about it because Bitcoin will either be worth a lot of money or nothing before it's mined out completely.
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I like to blame the market. It allows me to release some steam when the trade doesn't go well.
By all means react to the market but don't just take it as it is. You're human and you should be emotional. Just don't let those emotions take over and dictate your future actions.
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I don't mind a $300 dump because this is not going to be big or important. It will just make it go back to the level it was at 2 days ago.
I'm looking for something much bigger now like a jump back to 8000 and a way towards 10 thousand. I think that it doesn't matter what will happen in the next 2 or 3 days. The halving will make the price approach 10 thousand somewhere this year and that's what you should be happy about.
Ignore those small $300 moves and wait for the big one that will make it worth the wait.
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Why on earth would you expect anyone here to simply confess their sins just like that and ruin their reputation in this forum?
There might be a couple of legit testimonies though, but it is tough to believe anyone especially since we are all basically strangers here. Anyway, this is an interesting topic to watch though in my opinion.
You're right. Not many people will tell the truth because it's easy to prey on people and condemn them in the Internet. You can tell them things you wouldn't dare to say in the open. That's why telling the truth only opens you up to hard criticism. I'm not an addicted gambler so I haven't broken the law to gamble but I don't feel compelled by the law all the time. If the law forbit me to gamble I'd still do it and break it this way but I'd never steal from someone to gamble especially from my family.
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