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2441  Bitcoin / Bitcoin Discussion / Re: If I had bought bitcoin 10 years ago, I would have been a millionaire: Not true on: December 17, 2021, 06:50:37 AM
The reality is that they would not have been able to hold for so long even if they bought 10 years ago. Very few have the patience to wait till 100x or more. Most of the investors will be sold at the idea of 2x or 3x itself. Some of the people that were able to hold for so long were those who had invested and then completely forgot about it. There is one more category of people who had complete trust on BTC and thus they stick with it for years.

We already know that.
Back in the early days of Bitcoin,nobody would have expected that the Bitcoin price will hit 68K USD.
Nobody would buy BTC back in 2011 or 2012 with the idea of HODLing BTC until the price increases 10x or 50x.The BTC market had little to no liquidity and Bitcoin was viewed as a currency,rather than asset.
Bitcoin was praised for the low transaction fees combined with anonymity and privacy back then.The speculative nature of BTC became a thing after 2013 or maybe after 2016.
The only legit way to become rich is to work hard and build a business.All the effortless ways(like buying BTC and waiting for it's price to go 100x) are more like winning the lottery.It's nice in general,but easy earned money can be spent pretty easily as well.
2442  Bitcoin / Bitcoin Discussion / Re: Xi, Putin wants Bitcoin without wanting Bitcoin on: December 16, 2021, 12:23:28 PM
Quote
BREAKING: Satoshi Nakamoto has already invented what Putin, and Xi’s independent infrastructure to service trade between Russia, and China. Another way of saying, “we don’t want to be censored by sanctions”.

The Bitcoin price is too volatile and a large portion of the BTC miners are now located in USA and Canada.
Not a great choice for both Russia and China.
I think that China and Russia want to dump the US dollar and create their own fiat payment system,which will be independent from the global(US dominated) fiat financial system.Crypto will not be considered as a real option by the both governments.More like the ruble will be tied to the yuan in a fixed currency rate.
The western world is too afraid to impose sanctions over China,because this might backfire into the western economies,which are relying on Chinese goods and many western corporations are doing business in China.
2443  Economy / Economics / Re: Everything you wanted to know about ES Volcano Bond and were afraid to ask! on: December 16, 2021, 07:07:27 AM
Thanks for the forum thread.It was a long and interesting text to read.
Governments can turn any idea or project into thrash.It doesn't matter how good the idea/project actually is.
Just get some government clerks to run the project and they will destroy it and steal the money in no time.
The level of corruption and bureaucracy is multiplied by 10,if we are talking about underdeveloped Latin American countries like El Salvador.
The best solution for this "Bitcoin city" was to allow foreign investors to build the city and give them tax benefits.If there's no interest among foreign investors to build such "Bitcoin city" then such project shouldn't be realized,because it is pointless from an economical point of view.
2444  Economy / Gambling / Re: How I managed to play Atari Casino before it was officially launched on: December 16, 2021, 06:44:36 AM
1.Who cares about this Atari casino?
Is this going to be metaverse gambling?What makes metaverse gambling better than conventional online gambling?All the 3D graphics and the ability to use a VR?This doesn't make metaverse gambling better for me.
2.User access to this casino is no longer available,so what's the point of your post?I thought that you will post a tutorial about how to access this online casino,but I got disappointed.
I assume that you made this forum thread just for the sake of posting a link to your blog and Twitter account.
Sneaky way of self-promotion,I guess. Grin
2445  Bitcoin / Press / Re: [2021-12-14] Guardian: Bitcoin could become ‘worthless’, Bank of England warns on: December 15, 2021, 12:31:39 PM
Central bankers and BTC haters keep saying that Bitcoin "will become worthless" in the last few years.
Well,Bitcoin hasn't become worthless and there's no clear sign that it will become worthless in the near future.
I agree that raising awareness about the potential risks of crypto is one thing,but screaming "SELL,SELL,SELL BITCOIN WILL BECOME WORTHLESS!" like a little b*tch is something completely different.
It seems to me that this is some biased opinion,that might be "paid" by someone else.
There's always a small possibility that Bitcoin could become worthless some day.
We shouldn't get too cocky about the Bitcoin price doing only up and up to the moon.
Everything in the universe has beginning and ending.Nothing lasts forever.
Bitcoin will come to an end some day.

2446  Other / Archival / Re: Are Banks afraid of Crypto adoption? on: December 15, 2021, 12:02:00 PM
I don't get the point of asking such rhetorical question.
Of course that the bankers are afraid of the cryptocurrency expansion.
By the way,you have to distinguish the central banks(ruled by the government) from the ordinary banks.
The central banks were created to protect the fiat system.They will do everything possible to smash every alternative to fiat money,even by creating digital fiat (like the CBDCs) also known as "fake crypto".
The ordinary banks simply want more customers.If crypto adoption could bring them new customers,they would adopt crypto right away.The problem is that the central banks won't allow any bank to adopt cryptocurrency payments and investments.
2447  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 15, 2021, 07:51:35 AM
Barcelona are reportedly targeting a January swoop for Aubameyang amid uncertainty over the striker's future at Arsenal after he was stripped of the club captaincy over disciplinary breaches. This is not the first time that they have tensions between Arteta and Aubameyang, I think it should be the 3rd disciplinary breach now. Seems ridiculous to me. If you are happy to cash the cheque, even though you are in poor form, then you play by the rules. It isn't much to ask for 350k a week...the latter now appears likely to depart Arsenal when the January transfer window opens. And Barcelona are also negotiating a swap deal involving Ousmane Dembele. I think it is a perfect move for both parties. Aubamayang will do great at Barcelona, but I am not sure Arsenal will want a deal like this owing to the fitness challenges of Dembele.

I think that Sergio Aguero is going to quit his career due to his injury.
That's why Barcelona needs good attacking players.Aubameyang is a great attacking player and Dembele might fit quite well to the attacking style of Arsenal.
So far Ousmane Dembele has proven to be a major transfer mistake for Barcelona.He was too expensive,but he didn't prove to be good enough for Barcelona.Just like Griezman and Coutinho,he was a waste of money for the Catalonian team.
It's about time for Haaland to leave the Bundesliga,but I think that his transfer will happen in the summer of 2022 and he will go to some English team.
Lewandowski is heading towards Real Madrid and I don't believe that the directors of Bayern will convince him to stay.
2448  Bitcoin / Bitcoin Discussion / Re: Understanding the Ponzi Narrative on: December 15, 2021, 07:20:34 AM
I can understand the point of view of all the haters,who are calling Bitcoin a ponzi scheme.
The price is being pumped,only when new money enters the BTC market.The early adopters became millionaires/billionaires,while the average Bitcoiner made very little profits(or maybe he lots some money).
However,Bitcoin lacks the referral/affiliate element,in order to be called a ponzi scheme.
Bitcoiners don't refer other people into Bitcoin and they don't get paid a commission for this.
Who knows,maybe cryptocurrencies are better than ponzi schemes,because that illegal referral element is missing.That's why many shitcoin scammers can get away with their scams.
I got sick of all the social media influencers shilling shitcoins and pumping their price in no time.
Those shitcoin scams are more like HYIP schemes,rather than ponzi schemes.
HYIP is kinda similar to ponzi,but there are some really small differences.
The most common thing between those two is the promise for gigantic profits.

2449  Bitcoin / Press / Re: [2020-12-07] Berkshire's Charlie Munger Praises China for Banning Crypto on: December 14, 2021, 12:21:08 PM
What Charlie Munger was trying to say is:
"I wish that Bitcoin/crypto was never invented,so that all the those dumb crypto investors/traders could pump the price of our stocks and buy our stocks at 10x price,so we could make even more money."
That's what he wanted to say,but he would never say it in front of the public. Grin

Crypto development is contrary to the interest of civilization?
Does Charlie Munger know what are the interests of the human civilization?
This guy is starting to get a little bit fanatical.He might lose his mind.

2450  Economy / Speculation / Re: Bitcoin Finally Climbs Back Above $50k, but can it Remain there? on: December 14, 2021, 11:54:18 AM

Very crucial for Bitcoin right now plus the last month of the year. This is like opposite of what happened in December 2017 or could be the same. Before we experienced a huge dump but after that, strong bounced back and made an all-time-high last 2017 December.

This month will be the deciding month. $40,000 is the next support for Bitcoin for me, when $50,000 support broke, it become a resistance, bears are too strong.

The current situation on the Bitcoin market might be similar to December 2018.
The BTC price dropped to 3-4K back then(but it recovered to 8-10K USD during the spring of 2019).
Of course,the price won't drop to 3-4K USD now,but 30-40K USD is really possible.There's no reason for panic.Many traders are still profiting,the dollar cost average of every BTC trader is more important than the current BTC price.Many traders will be selling some BTC and there won't be enough buyers during the holidays.That's why the market will be bearish in the next few weeks.
I do expect the price to recover after the winter(if there's no massive FUD in the first quarter of 2022).
2451  Economy / Economics / Re: Robert Kiyosaki expects a market crash and economic crisis - do you believe it? on: December 14, 2021, 08:11:52 AM
Yeah,Robert Kiyosaki is the ultimate financial oracle and all his predictions become true. Grin
Jokes aside,a market crash/economic crisis is always on the menu,with the current fiat financial system.
The economy is pumped on steroids by the central banks and if the steroids(money printing/quantitative easing)stop,the economy will suffer a major shock.
However,a new great depression most likely won't happen,because the politicians and central bankers have learned their lessons.They will flood the economy with more newly printed money,every time a recession occurs.
The will be high inflation in the upcoming years,but I don't expect a recession/depression.
2452  Economy / Gambling / Re: 🔥 bet365crypto.net Sports & Live betting 🔥 Online Casino 🔥 Instant payouts on: December 14, 2021, 07:49:47 AM
The best crypto bookie 👍 I am first suspicious, but after I won few times and withdrawl succesfully, I can recommended.

OP,maybe you should leave a more in depth review about bet365crypto.net.
Otherwise,it seems that you will look like some fake/alt account,who is leaving a recommendation that might be misleading other people in the end.
The website looks decent(by looking at the ibb image link),but the bonus system looks too good to be true.
Offering bonuses for second and third deposits will bankrupt the casino owner.
I wouldn't visit the website URL,because I don't trust .net domains.Maybe the casino owner should buy a .com or .io domain to look more legit.
Also that bet365 in the casino name might mislead a lot of people into thinking that this casino is affiliated with the major British Bet365 sports bookmaker.Again,this looks a little bit misleading.

2453  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: December 14, 2021, 07:27:57 AM
I kinda got sick of all the posts praising Bitcoin as the ultimate tool for independence,liberation,decentralization,building wealth,protection against inflation,protection against the greedy bankers/corporations,protection against the greedy and oppressive government,privacy,etc...
I mean,what's the point of your post,OP?This is a Bitcoin forum we are all Bitcoin fans(with a few exceptions).
Do you add anything interesting to the discussion?Nope.
Are you posting this to boost your post count?
El Salvador isn't a great example,because it's a small country,that can be really dependent from it's neighbors for export/import trading,getting natural resources and all kind of political stuff.
Bitcoin cannot increase the level of independence of El Salvador,or any other small underdeveloped country.
 
2454  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Ethereum on: December 13, 2021, 11:33:36 AM
Smart contracts can be implemented into the Bitcoin Core blockchain,but I don't see any point in such move.
If smart contracts were so cool and revolutionary,then why isn't Ethereum the number 1 cryptocurrency in the world,dominating the crypto markets and beating Bitcoin in terms of usage,trading volume,price,adoption?
I'm not trying to criticize smart contracts,but they aren't so revolutionary and groundbreaking.
There is only a handful of successful smart contract projects,and most of them aren't that popular.
Smart contracts stopped being a buzzword in the ETH blockchain a few years ago.Currently,the NFTs are the new "cool thing" which was created on top of the Ethereum blockchain. Grin
2455  Economy / Trading Discussion / Re: Do you have any favorite superstititions when trading crypto on: December 13, 2021, 11:12:00 AM
Do you have any favorite superstitions when trading crypto
like for example if you get off the bed on the right side of the bed, your coins won't dump
wearing this color shirt keeps your portfolio in the green


This is the first time I see such question on the forum. Grin
I'm not superstitious at all,even though I'm cautious that something bad might happen on 13th(today is 13th) or I kinda feel bad,when a black cat crosses my way.However,nothing bad ever happened to me,every time a black cat had crossed my way. Grin
I don't have any superstitions related to cryptocurrency trading or gambling.This is simply stupid.
I don't believe that random events would bring me "bad luck" or wearing some weird talisman would bring me good luck and protect me from bad luck.
You either make good decisions or bad decisions when trading.Those decisions are determined by your education,experience,analysis and mental state.
2456  Economy / Economics / Re: Tonga will probably be the next country to make Bitcoin legal tender on: December 13, 2021, 07:47:49 AM
1.This seems like another clickbait article.Bitcoin still hasn't been accepted as legal tender in Tonga.There's a proposal in the parliament,but that proposal might be denied.
2.Countries like Tonga can have liberal Bitcoin regulation without the necessity of declaring Bitcoin a legal tender.What's the problem of accepting BTC payments in Tonga without Bitcoin being a legal tender?
Is Bitcoin illegal in Tonga?

3.The international monetary fund will always be a pro-fiat and anti-crypto organization.
The whole purpose of IMF is to protect fiat currencies and the global fiat financial system from any threat that arrives.
2457  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 13, 2021, 07:29:28 AM

The new owner may be regret was buying a club with a high price even another club out there (championship division) has a lower price than Newcastle. I'm not sure they can repair it by buying another player or changing a coach, because as I know there's a lot to fix the club not just buying anything. The new owner must look at Chelsea and Manchester city how to succeed, if doesn't Newcastle will be like another club, QPR and Monaco.


1.The new owners of Newcastle are so rich that they wouldn't care if Newcastle goes to Championship next season.
2.Even if Newcastle goes to Championship,they might return to the Premier League in 2023.
AFAIK,there was a big prize for the team,that wins Championship.It was 150 million pounds,if I remember this correctly.This might cover some of the costs.Such large sum should be enough for buying several world class players.
3.AFAIK,the new owners of Newcastle don't care about the football club only.They have some business interests in Newcastle and they want to expand their real estate business in that town.
Chelsea and Man City weren't successful right away,after Abramovich and the Arab billionaires arrived.They had to wait for a year or two.
Newcastle will be fine in the long term.
2458  Bitcoin / Bitcoin Discussion / Re: I bought $271 worth of Bitcoin in late 2009 on: December 13, 2021, 07:05:36 AM
This is 100% made up story. Grin
OP,what illegal thing did you want to buy?Were you surfing the darkweb?
Do you even know how a Bitcoin wallet works?
You don't know any passwords,seed phrases,private keys...How the hell do you expect to recover those BTC(if you really bought them,which I highly doubt)?
There's no magical Bitcoin recovery service,that will recover BTC that were lost 12 years ago for free and without the usage of any private keys,seed phrases,etc.. Grin
You have a Paypal account.I guess that you could find that Paypal transaction in your transaction archive and maybe you will find out who the seller was(and his Paypal email).
Maybe his Paypal email is still active(or mostly likely not). Grin

2459  Bitcoin / Bitcoin Discussion / Re: One problem with BTC on: December 12, 2021, 12:33:02 PM
OP,I'm not going to discuss the stuff that you are posting/spamming around the forum lately.
There's no point wasting my time and effort for this.
You remind me of another forum member,who was spamming the forum,shitting all over Bitcoin while praising stablecoins a few months ago.Unfortunately I forgot his username.
The chances of you being that guy using another forum account seem pretty high.
I don't understand the point of spamming the forum with low quality posts and shitting over Bitcoin.
Do you get any benefit out of this?
2460  Economy / Speculation / Re: Why the bitcoin market has been dumping so much for months on: December 12, 2021, 12:13:57 PM
A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

The Bitcoin market isn't supposed to be stable.If you want a stable market,then go for stablecoins or fiat currencies.Bitcoin is volatile and it will always remain volatile,despite the fact that many people don't like price volatility.
The spring price crash was a price bubble,which was pumped by Elon Musk and then popped by Elon Musk,with a little help coming from China.
The current price crash was a price bubble,which was pumped back in October by some bullish news about Bitcoin ETFs and BTC miners moving away from China.That bubble popped,because there wasn't enough demand and buying power to sustain the BTC price above 60K USD.
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