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2421  Economy / Speculation / Re: How will Bitcoin trend at this time? on: December 25, 2020, 04:05:50 PM
Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ?

I like it when people back their statements with evidence. So, are you sure about that?
I'd say its performance throught December of 2017 was spectacular. It even went up again on January 6 2018 from 13k to 17k.

2422  Bitcoin / Bitcoin Discussion / Re: Would you sell your BTC for $100 000, and never go back to the game again? on: December 20, 2020, 06:53:41 PM
I'll be honest with you. I probably would. There's a chance it could go higher in this cycle, but we could as well end at 50k in 2021 and enter a bear market for another 2-3 years. I have enough BTC @100k to build a house, start a business, put some money in stocks, help my friends and family with their business. I'd probably do much more in these 3 years with money at hand than I'd be able to do with more money 5 years later when we enter a new bull market.


There is a lot to watch out for until 100k can be achieved, the question is is it possible? Since the market cannot predict exactly how the price will form, it takes a big prospect to get a price of 100K, at least 30k in the position in 2021 is more likely to happen.

100k is possible. Even much higher levels like 500k are possible, but the time frame that you've mentioned is what matters here. If we assume that there's 90% chance that Bitcoin will achieve 100k at some point in time, if it keeps growing the way it does it could take 5 years, so another full bull/bear/bull cycle. Having 100k per coin at your disposal could be life changing for many people. In 5 years I'll be in my 40s, maybe I'll have a child... Having a few million USD in cash right now could help me more now than having 2x that in 10 years.
2423  Bitcoin / Bitcoin Discussion / Re: BTC is used all the time even if you hodl. on: December 20, 2020, 06:17:43 PM
There are two sides of this coin. Some people will say that spending is better because you pay fees that reward miners and you reward people who offer services for bitcoin, spread the word. Others will say that when you hold you increase the price by decreasing the tradable supply. It's really hard to say which option is better. Personally, I'm a holder. I don't need to spend because I earn fiat and bitcoins every month, so I choose to spend fiat and hold bitcoins. For me it's an obvious choice, but you do what you want, it's being in the space that counts, regardless of whether you're a service provider, spender, miner, trader or holder.
2424  Other / Politics & Society / Re: London went full lockdown on: December 20, 2020, 04:44:49 PM
Maybe it mutated because people begun to vaccinate when it wasn't needed anymore because most people already had antibodies to the previous strain. What happens when you had the virus and get injected with it again? I feel like it would be better if the governments allowed this to go the natural way, like when you can't stop a house fire and just let it go and focus on protecting the other houses in the area. Lockdowns are only slowing the inevitable.
2425  Economy / Economics / Re: Tether's market cap is huge! (usdt) on: December 20, 2020, 04:19:17 PM
This is what worries me. I'm quite sure of bitcoin's possibilities, its safety and all that, but if we allow private companies to produce tokens on massive scale and exchange it for bitcoins, we're taking a huge risk. If I told you now that I have a USD equivalent and I will give it to you for your bitcoins, would you believe me?
If I had an exchange and made a token accepted on my exchange, would you sell your bitcoins to me in exchange for that token?

When I put it like that most of you probably think that you wouldn't. What makes you trust people who make tether then? Those people said that they are backed and later were caught lying. Why do you still exchange your bitcoins into tether instead of choosing more transparent stable coins?
2426  Bitcoin / Bitcoin Discussion / Re: Not everyone will agree with Bitcoin, you should know this! on: December 20, 2020, 04:07:42 PM
I know it and I have to say that I couldn't care less. First and foremost, they aren't attacking me personally. I don't feel obliged to defend Bitcoin from them, they can do what they want and it only makes them look stupid. The market will verify every single claim they make.
It's always important to have your own opinion and not try to fit in at all cost. My father was a great example of a naysayer. Every time I told him about my plans his answer was "don't do it, you'll get hurt" and you know what? After a while I stopped telling him. I kept doing my thing and dealing with consequences. So should you.

2427  Economy / Economics / Re: Loans are cheap good time to use loans for Investment in btc on: December 19, 2020, 11:00:14 PM
If you think loans are cheap you should get one. For me they are not, but it's a matter of perspective I guess. The only purpose of loans in my case is taking one to later pay it with bitcoin profits, so that I can explain to the tax office how I could afford that new house. Cool It was all from a loan, really, no drugs or money laundering here.
Jokes aside, trading with loaned money is never recommended, just like going 20x on leverage.
2428  Economy / Economics / Re: David Rosenber: Bitcoin is in a 'massive bubble' on: December 19, 2020, 10:34:31 PM
Quote
"Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to suggest that the supply of bitcoin can't go up once we hit that limit," the economist said.

He talks big how most Bitcoin investors don't know much about it and don't understand it, but he obviously doesn't get it either. It really takes an hour to learn some basic facts about the protocol and understand that we are limited to 21m. It's possible to change it with a fork, but it's not that easy to fork Bitcoin and make people choose the new chain. You can fork it, but without the community behind you you'll be like Roger Ver.
As far as the bubble is concerned, if we look at google, facebook, apple, amazon, tesla, they were all in a massive uptrend that someone could call a bubble. Doesn't mean they will suddenly go to 0.
2429  Bitcoin / Bitcoin Discussion / Re: Would you sell your BTC for $100 000, and never go back to the game again? on: December 19, 2020, 09:20:36 PM
I'll be honest with you. I probably would. There's a chance it could go higher in this cycle, but we could as well end at 50k in 2021 and enter a bear market for another 2-3 years. I have enough BTC @100k to build a house, start a business, put some money in stocks, help my friends and family with their business. I'd probably do much more in these 3 years with money at hand than I'd be able to do with more money 5 years later when we enter a new bull market.
2430  Bitcoin / Bitcoin Discussion / Re: Will there be a correction? on: December 19, 2020, 08:42:36 PM
Yes.
They call it correction but sometimes you can just say it is a dump.  Grin
Nothing is supposed to be corrected but someone needs to sell to make some profit.

It's just difficult to identify when it will be. It can happen slowly or in an instant.
Be careful on selling though, that correction might not happen so soon.

I always thought there's a difference between a dump and a correction. A correction is within a trend, while a crash or a dump is usually the end of a trend. For instance, in November we had a correction from 19 to 16k but it was all within a bullish trend. In 2019 when a bull run ended on 2014 and kept falling we had a crash or a dump.
The correction will happen for sure but I cannot say at which level. My first guess would be 25k but if we go to 26 then sky is the limit. It could hit 30, it could hit 50.
2431  Bitcoin / Bitcoin Discussion / Re: Crypto Wallet Regulations: A damn good time to be paranoid on: December 13, 2020, 04:45:00 PM
Armstrong is already acting on those rumors and implementing additional KYC. People who traded for a long time on verified accounts are now asked for the source of their money and their line of work. I have a friend who works for a local exchange (in the EU) and he said that based on the paperwork that's coming to them from the government, he's giving us 2 years tops until they'll be asked for full client verification on all transactions, including face to face. This is so dumb that I can't find words to describe. You can take 10k USD in cash, go to a local currency exchange, throw it on the counter and get an equivalent in EUR within 5 minutes. You do a similar thing with your coins and they'll ask you for an ID and a signature. They might even ask for a source of funds...
2432  Bitcoin / Bitcoin Discussion / Re: Whats the longest you have waited for one confirmation?? on: December 13, 2020, 04:13:33 PM
The longest was 3 or 4 days back in 2018 when fees exploded. I send a decent fee, but the transaction was heavy, with many inputs, which decreased its priorities. A day later the average fee doubled and my transaction still wasn't confirmed. 2 days later I got worried and discovered a free tx accelerator provided by one of the pools. I had to try many times until my tx got accepted because there was so many requests, you literally had to click 1s after it opened for new requests to make it. Fun times  Roll Eyes
2433  Bitcoin / Bitcoin Discussion / Re: Does bitcoin solve more problems than it creates? on: December 13, 2020, 03:15:49 PM
Problems with btc:
1. wild, unstable exchange rate
2. difficulty to obtain and use (for most people)
3. getting coins hacked or lost by sending to wrong address
4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere)
5. it enables criminals to get paid online
6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new
7. absolutely no buyer protection
8. scam companies/scammers
feel free to add to this list ^^

So why should more people start using btc?  It seems the cons outweigh the pros.

1. not really. A 5% volatility we're experiencing nowadays isn't a big thing. I feel like the volatility of fees can be more annoying than the volatility of bitcoin.
2. This problem doesn't exist for me and for anyone willing to take 10 min to learn how to do it. You can go to a nearby ATM and buy there. It's as easy as buying a foreign currency with cash/card.
3. I've been in the space since 2015 and never had a single satoshi hacked or lost. If you cannot copy/paste a string of letters and numbers maybe you shouldn't use electronic banking too?
4. That's why smart people don't hold coins on exchanges. Also, exchanges aren't the only source of coins. You can by p2p, there are f2f exchanges where you can bring cash to an office and get coins sent to your address, you can use an ATM.
5. Guns enable criminals to shoot you. Should we ban gun stores around the world? I couldn't care less that someone somewhere buys drugs with Bitcoin. People do it anonymously with cash every day.
6. Like PayPal? Sure, but those are custodial services. They own your money and if they fuck up you're stuck with support tickets.
7. Just like with cash purchases.
8. Scammers existed when people were paying with gold coins, they existed when they bartered, they will exist in 2050 with bitcoin or without it.

These aren't real cons...
2434  Bitcoin / Bitcoin Discussion / Re: Bitcoin is my Bank on: December 13, 2020, 03:04:51 PM
I wish I could go completely bankless, but for now some of my bills can only be paid via a bank, or at a post office with cash, which may be troublesome at times since it's 5km from my house. Despite that, I have at least 200x more money in Bitcoin than I have in the bank. The bank is there only as a backup for things I cannot buy with Bitcoin.
2435  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time on: December 13, 2020, 02:39:03 PM
This is to be expected. As the number of coins and their value on the market increases, the volatility decreases. It's a similar situation to adding more sand to an hourglass. The more sand there is the more time will have to pass before it all moves to the other side. With Bitcoin you also have an increasing number of users. The more users you have the longer it will take for them to react to news. When you had all bitcoins in the hands of maybe 1k people (in 2010) a few users could make the price move up and down by 5%. Now you need 100 times more transactions to do the same.
2436  Economy / Economics / Re: Cause of Covid Vaccine and it's Value on: December 13, 2020, 12:16:55 AM
It's another cash grab if you ask me. The company has not tested the vaccine enough and they admit it can cause infertility. Do you want to be their guinea pigs and pay $40 for the privilege? I don't. I'm not afraid of corona. I'd rather take my chances than willingly expose myself to an untested vaccine. 
if it is still in the trial process then I would prefer not to do it because it will have a higher risk than corona, we all do not know the long-term effects of this vaccine and not all humans have the same body composition which results in something which occurs when the vaccine is unsuitable resulting in death.

They had some trials but the vaccine was rushed, that's a fact. They knew that the earlier they get it on the market the more money they'll make and avoid competition. There are numerous doctors who say the vaccine was not tested enough and can be dangerous. At the same time some countries are buying it blindly because they don't want to be accused of negligence. Thinking that if others are buying maybe we should is the opposite of smart.
2437  Bitcoin / Bitcoin Discussion / Re: Bitcoin will never replace fiat cash. on: December 12, 2020, 11:59:52 PM
I don't believe cash or paper is going to be part of our future. In 5-10 years I'd bet we won't use cash at all.

As long as we have internet there isn't any reason to keep using them. If something happens with the world like a ionic pulse that completely erases the networks luckily we will still have gold and.. of course we can make blockchain snapshots.

You are right about this. Many countries already begun preparing to go cashless. For instance Sweden went semi-cashless in 2018 reducing cash payments by 40%. They introduced card readers to every public facility, even to public toilets. We can say that cash is a dying breed. What is going to overtake it? What has some of the privacy features of cash while remaining digital? Bitcoin.
2438  Other / Politics & Society / Re: If education is based on lies, isn't it still useful ? on: December 12, 2020, 11:06:11 PM
I don't agree that it's based on lies. It's based on the current knowledge and interpretation of truth. We describe things the way we see them and this description is often subjective. Take a man describing a woman, compared to a woman doing the same. A man will see the features he wants to see, like if she has some nice curves and will rate her based on how attractive she is. He'll be subjective. A straight woman, who is not attracted, will be more objective.
It's also important to add that teaching the current state of knowledge isn't lying, just as a witness who describes the facts the way he saw them is not lying. He may be wrong, but he can't be called a liar as long as he's honest.  
2439  Economy / Economics / Re: Cause of Covid Vaccine and it's Value on: December 12, 2020, 10:14:23 PM
It's another cash grab if you ask me. The company has not tested the vaccine enough and they admit it can cause infertility. Do you want to be their guinea pigs and pay $40 for the privilege? I don't. I'm not afraid of corona. I'd rather take my chances than willingly expose myself to an untested vaccine. 
2440  Other / Politics & Society / Re: Trans woman joins women football league on: December 12, 2020, 10:00:22 PM
even after a sex change operation (it only replaces genitals) the other muscles in arms and legs are still masculine. ...

Bet if you tried to restrict them to mens' sports they'd bitch.

In their minds they're not men so of course they'd bitch. I'm just waiting for one of them to have a family member harassed by another trans. For instance, a pedophile can say he's a little girl and join a cheerleading team. To be honest, I'd find it entertaining if I could just say that I feel like a woman and go to sauna and gym locker room with girls. I bet that trans woman wouldn't be too happy if a bunch of guys were sitting in her locker room pretending to be girls.
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