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2441  Bitcoin / Bitcoin Discussion / Re: Where are all the bitcoin's Moon boys ? on: January 22, 2022, 07:39:14 PM
The bullish excitement is not only limited to YouTube, but other social media platforms as well. Periods of booming market is the time when most people get interested in crypto and traffic on social platforms and even on forums like this one greatly increases, those "influencers" simply just follow the hype and use it to the advantage, talking about what coin would do 100× in 2 hours.

When the price drops and people lose interest somewhat, those left in the space are either seasoned crypto enthusiasts or holders who regret not selling earlier. This reduces the audience for such moon posts and the accounts hibernate or change strategy. The dip period also does the job of filtering out social influencers without actual content.
2442  Economy / Trading Discussion / Re: Good moment to buy btc or eth? on: January 21, 2022, 09:09:25 PM
The decision of when to buy rests on the person who is making the purchase as it would depend on a matter of factors; Someone who is buying in for the long term hodl does not bother about short term price changes and believes that in 10+ years the value is going is to much higher.
Someone who is not buying for the long term are usually more picky about when to buy and would not want to purchase when the price is on the way down. This is much more risky and would require some technical analysis and some luck as well.
2443  Bitcoin / Bitcoin Discussion / Re: Bitcoin’s energy use is just a rounding error compared to other industries on: January 20, 2022, 08:41:17 PM
If world energy consumption is really a problem and humanity must really reduce it due to environmental problems and climate change, the main focus of discussions should be industries that consume tens or even hundreds of times the energy consumed by mining bitcoin.
This is all about politics and whose ox is gored. Majority of those industries with much larger energy consumption benefit the government in one way or the other, Bitcoin on the other hand is a rogue industry per se, and poses an easy target to so called activists and the likes. Bitcoin has been attacked for far more ridiculous reason over the years.
2444  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Complete inelasticity of supply on: January 18, 2022, 02:44:49 PM
But that's really not the case because you can always but Bitcoins. When the number was a lot, you could get a lot. When there is only 0.1 BTC being produced, you buy even smaller fractions. This is why I said it somewhat invalidates those arguments about people saying rush in and get BTC now because you can't tomorrow.
Again, the ability to buy smaller fractions of a product does not make it less scarce, it simply eliminates any sort of entry barrier, like some stocks which have a minimum purchase amount.
There would only ever be ~21 million bitcoins available for purchase, regardless of how divisible it is, and the more the demand grows, the supply thins against it, meaning it gets more scarce. I have not heard anyone say you will not be able to buy tomorrow, but it would likely be more expensive.

I mean, I don't see why we compare to oranges as nobody would buy 1/100000th of an orange so a single orange being produced every round makes it very valuable. And dividing it actually makes it less desirable.
Okay, lets consider a more applicable example, which is not too technical.
There are about 42 gallons of oil in a barrel. If a nation has a certain amount in total, lets say 1000 barrels, to power their 10,000 citizens, and the amount is insufficient. The ability to divide the barrels, into 42 gallons, and then into 160 liters does not increase the supply. You still have the exact same amount of oil to serve the citizens and it is still insufficient even if it is divisible into centiliters or milliliters; It just makes it possible to purchase the amount you can afford, if all the whales have not bought and stored them all.
2445  Other / Meta / Re: Do we need a subforum dedicated to DeFi related topics? on: January 18, 2022, 12:55:17 PM
interest all over crypto space. 1.36 million people have used the Defi service once.

A total market capitalization of 128 Billion should have enough interest and topic for discussion.
All these do not factor into the discussion about creating a child board on the forum, there has to be actual interest, enough to clog up the general board it is on, in this case that would be the altcoin section.
You can make a detailed request with full info on number of existing posts, possibly within the last 2-3 months.
2446  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Complete inelasticity of supply on: January 18, 2022, 12:48:36 PM
I'm fully in support of this too, but isn't this somehow a little bit invalidated that Bitcoin also has completely unlimited divisible units? I mean satoshi is the smallest possible unit now, but I read that fractions of satoshi is also possible.

Which always makes me think this supply thing doesn't really make it scarce, but makes the available units more expensive.
If you had a scarcity of oranges in a city, dividing the available oranges into 2 or 4 does not increase the quantity neither does it solve the scarcity problem, all it does is it makes it possible for the available oranges to be shared among the citizens.

Bitcoin being infinitely divisible does not affect scarcity, it just makes it for people who can not afford 1BTC to be able to purchase fractions of it, the quantity remains determined.
2447  Bitcoin / Bitcoin Discussion / Re: Bitcoin User Loses Record $1.1M on: January 18, 2022, 12:43:41 PM
How can we know that that transaction wasn't made by the scammers themselves in order to create a fake perception that other people are sending money to them? This is one thing that gets rarely discussed with these scams, as everyone assumes that all the incoming transactions to doubler addresses come from victims.
This is also the idea I have about cases like these.I find it difficult to believe that someone who had up to $1.14 million is not financially exposed enough to detect fake giveaway and fall for a pay 2 get 4 scam. Anyone who uses the internet regularly should have come across such scam attempt.

It is very possible the scammers are sending bitcoins between themselves and doubling the returning amount.
2448  Economy / Scam Accusations / Re: 1xbit scam me more then 2000 euros on: January 18, 2022, 04:27:32 AM
What I find ironic is how these complaints find their way to bitcointalk after users allegedly get scammed, but they will not bother to do a simple search before depositing into a website they only just discovered. Lots of scam ads are run everyday all over the internet, this should not mean users would fall for those simply because the products are put in their faces.

when someone sees their ad on some big site like Coinmarketcap, they don't think twice. Instead they just assume that since 1xbit is advertised on some big and popular site, it must be legit.
I personally think top platforms have a duty to scrutinize any platform which advertises on their website or put out a disclaimer that one uses those products at their own risk and the ad is not an endorsements. 1xBit has ran so many campaigns on the forum paying more than many other projects and also attempting to bid in auction, this goes to show that a bad reputation ere is indeed hurting them and if other platforms do their part, new users could be protected.
2449  Bitcoin / Bitcoin Discussion / Re: Curbing Blockchain evolution? on: January 17, 2022, 09:22:51 PM
Further as more and more people are interested and using blockchain technology so what is the meaning of banning bitcoin/crypto?
Countries which ban bitcoin tend to have something in common, they are not totally free nations and the government wants to control the finances of the nation in order to control the citizens.

Can anyone ban bitcoin in reality or its a part of fud which is created repeatedly every 2/3 months to keep out weak hands and took advantage?
Nations can ban themselves from the bitcoin network, and limit their banks ability to get involved in transactions related to it. The citizens can of course still covertly use bitcoin or travel to a more friendly nation.
2450  Other / Meta / Re: How does signature campaigns generates revenues through bitcointalk on: January 17, 2022, 07:44:08 PM
The weirdest thing I've come across right now is probably the promoters of an altcoin project posting on board that are irrelevant to the project they're promoting. For example they post on gambling board when they are promoters of an altcoin project. It won't work in my opinion.
This is the job of the manager of the campaign to ensure targeted publicity is done and the marketing can attract users to the platform or project.
Many projects would not hire a manager to conserve cost and end up running a campaign or bounty that does not reach the targeted audience or is promoted by shitposters who do not out the project in the right light.
2451  Bitcoin / Bitcoin Discussion / Re: Tonga is now accepting Bitcoin donations amid tsunami on: January 17, 2022, 06:45:28 PM
I will advice that you should not promote posts from unverified handles on social media as there are huge chances that it could be a scam, also you should post it along with the link to the original tweet as screenshots can also be edited.
2452  Bitcoin / Bitcoin Discussion / Re: Offline bitcoin vending machine using lightning on: January 17, 2022, 03:41:10 PM
This is quite a very cool concept and goes to show there is a lot of potential for integrating bitcoin into different services. I cannot see non bitcoin users actually using it as many would consider it too technical from the get go, but it would at least get them involved in bitcoin and get them to research on it.
More importantly it gives bitcoiners an opportunity to spend some of their precious coins rather than just keeping them in cold storage.

Extra points for the no shitcoins tag.
2453  Other / Beginners & Help / Re: Lock time transaction on: January 17, 2022, 09:50:30 AM
I cannot watch the videos you sent right now. However the basics of a locked time transaction is that a specific transaction is created with a specified nLlocktime, and is not valid until the specific block height set is reached. So effectively, you are creating a transaction which is valued in the future at the set block height. With the knowledge that a block is confirmed averagely every 10 minutes, you can set the time range in the future the tx should be confirmed.

This video explain about how to lock bitcoin and spend it. But I didn't see where the bitcoin go(I mean like address shown on video 1.)
The bitcoins remain in your address. What you have is a transaction which becomes valid at x block height and can be bradcasted then. You can invalidate the transaction of course by spending at least one of the inputs involved.
2454  Bitcoin / Project Development / Re: [BitcoinTalkShow] Best of January suggestions on: January 16, 2022, 09:38:52 PM
This is an awesome and has the potential to make a forum like this one, which most would consider outdated to be "trendy" for want of a better word.
My recommendation for remarkable threads/posts/events etc would be the one where the user returns $1000 wrongly sent to them, it is one which the forum should share with the world.
There was also my Merit Source Application thread which I would personally nominate *tongue in cheek, of course
2455  Economy / Speculation / Re: Bitcoin 2022 bear market? on: January 16, 2022, 09:13:18 PM
I have an unpopular opinion that the price changes should not be discussed as much on the bitcoin discussion board. There are so many other interesting topics about bitcoin network besides price movements and some of that should be the main focus of bitcoin.
There is a Trading discussion board and a speculations child board where topics related to price actions should go.

No one can determine if we are at the cusp of a bear market or if the bull cycle is not over yet.
2456  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: January 16, 2022, 06:57:26 PM
I am in agreement that holding wealth in fiat is a very bad idea and is a definitely going to lead to devaluation of your wealth overtime. Some parties may not agree however that cryptocurrency bitcoin is the best alternative. One popular idea you will get here is, 'do not invest more than you can afford to lose', so you cannot use bitcoin as a primary store of value as majority of your wealth is too much to lose.

An alternative is precious stones like gold or silver, or its equivalent.

There was a thread some time back discussing how bitcoiners may be storing majority of their wealth in bitcoin as the alternatives are not as attractive to them, I would say; if you trust the network and can bear the risks involved, then you can lean your investments into bitcoin.
2457  Other / Beginners & Help / Re: One of the best forum on: January 16, 2022, 12:32:52 PM
So I am not allowed to reply here in my thread and need to wait 24hours to reply in my thread for people who posted here?
The multiple posting and bump rules are different and serves different purposes.
• The multiple posting rule prevents a user from making consecutive posts on a thread, you need to edit the new comment into the existing reply.
• Bump rules means you need to wait 24 hours between bumps. Bumps are replies made solely to give visibility to a thread by taking it to the top of the board it was posted in.
2458  Other / Beginners & Help / Re: Experts Directions in Bitcoin talk on: January 16, 2022, 07:24:53 AM
There is already enough guide from higher ranking members in the form of quality posts littered around the forum, you need to read through the ones that interests you, check what works for them and build your own interests from that. Before joining this forum you off course already have interests in the cryptocurrency field, you just need to build on that.

i done well in posting now what’s next ?
The forum does not demand much from you. If you are already posting constructively and keeping to the rules, you are on the right path. Others would however have to also find your posts quality for you to rank up.
2459  Other / Beginners & Help / Re: How do you find out to invest or not in a coin? on: January 15, 2022, 07:23:06 PM
What information about crypto should you know before you look into these new / low cap coins too?
What I have noticed is individuals tend to look away from new and low capped coins the more they know about cryptocurrency as they realize how risky the investment is and choose to stick with safer alternatives.

And what would you look into these coins to know they are good to invest in.
There is no guarantee despite how thorough your research could be cause there is not much history to go by and all your research would be based on what the presents. Also, majority of them turn out to be scams, shit projects or just poorly executed.
2460  Other / Meta / Re: Merit & new rank requirements on: January 15, 2022, 05:47:47 AM
<snip>
Merit is subjective and it given for quality posts, so other users woukc merit you if they find your posts merit worthy.
If you want to get more merits, increase the quality of your posts and do not make posts simply for the sake of making them.

You can have a genuine interest in the off:topic and altcoins section, but you should understand that your chances of getting nerited is greatly reduced as users rarely give out merits there cause majority of the posts are shitposts.
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