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2481  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: March 21, 2023, 04:00:20 PM
FDIC insurance has $128 billion in assets. The deposits less than $250,000 that they insure total $23.7 trillion. This means that 99.5% of deposits are uncovered. What happens when a couple more banks go under and the FDIC can't cover them? You guessed it! Money printer goes brrrrr!

There is always a simple solution for the government because they have mechanisms that can manage almost any situation. Printing money is the only thing that saves them at the moment, and they will do it regardless of what the implications are for ordinary people. I read that many, including Powell himself, knew what was happening in SVB even 1 year ago, but they did not do anything, as if it was more convenient for them to have what is happening today.

I don't want to get into any conspiracy theories, but I think that in high politics and business, nothing happens by chance. In that case, we have to ask ourselves what is the ultimate goal of everything that has been happening in the last 4-5 years?
2482  Bitcoin / Electrum / Re: ledger nano with electrum - from old to new PC on: March 21, 2023, 03:24:34 PM
~snip~
once I've checked that all this works I might upgrade the current ledger as well. am I being too cautious?

It would be good if you check which firmware version you have on the Nano S, because such an old device probably has a firmware version that cannot be upgraded. Practically, it is a device that may be completely unusable because it cannot work with Ledger Live, and most likely not even with Electrum, not to mention outdated coin apps that would represent a security risk even if you could connect the device with some software.



I am not sure if you need the newest Ledger Live versions before being offered a firmware upgrade. I never tested it.

It is always recommended to have the latest Ledger Live before a firmware upgrade, and even if the OP tries with some older versions, he probably won't be able to upgrade a device with such old firmware. There is only one way to find out the answer to that question.

Quote
Firmware versions 1.1 and 1.2 cannot be updated with Ledger Live Desktop. Please check the firmware version.

https://support.ledger.com/hc/en-us/articles/360002731113-Update-Ledger-Nano-S-firmware?
2483  Economy / Trading Discussion / Re: Trade up capital: $200 on: March 21, 2023, 12:07:20 PM
It seems to me that the wives of many forum members will be angry, and their mothers-in-law will not be thrilled that their sons-in-law are gambling with their wives' money. Recently, a member announced that he was going to sell his wife's jewelry to invest in Bitcoin, which is perhaps a little less risky than what the OP is doing.

If you take $200 and try to trade with it, you will probably lose it or make a minimal profit, but if you invest that same money in Bitcoin, you might double or triple it in the near future (1-2 years).
2484  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: March 21, 2023, 11:54:20 AM
Some would say "nothing new in the West", except perhaps that this time all that money will be used to save the banks in order to prevent a repeat of the crisis that arose after 2008. As much as some are surprised that the US government stood behind all deposits in all banks as a guarantee, I wonder if they had any other choice at all? Of course, they could act selectively or not act at all, but that would certainly cause a domino effect and the collapse of dozens of US banks in the first wave, and then the spillover of the crisis to other markets.

The situation in the EU is currently stable (at least that's what they say), but the Swiss case is a clear example that even the best in business can mess up. Regardless of all the guarantees, no one should feel safe keeping their money in the bank, but most people simply don't know any better than that. Bitcoin is an alternative, but most authorities will do everything to make it an alternative for a very small number of people.
2485  Economy / Speculation / Re: How much return are we expecting next bull run? on: March 21, 2023, 11:26:53 AM
10x on my portfolio not Bitcoin price. Bitcoin will only hit max $150k next bull run which is only a 5x which is why you need altcoins in your portfolio.

You can speculate on the price of BTC, but you cannot be sure that it will not be worth more than $150k or that it will reach less than $100k. No matter how much you rely on past performance and patterns, the fact is that emerging factors such as pandemic, war and inflation along with the recent failures of large banks can significantly affect the global market, which includes the price of Bitcoin.

Some altcoins pumped 10-20x last month alone, Bitcoin does that is 5-10 years  Undecided

Look, I'm not saying that you can't profit from trading with altcoins, but that it's about the fact that there are fast pump&dump schemes where you have to react quickly. The fact that overall you are in a loss of 10% while Bitcoin went from $15k+ to $28k+ in just a few months speaks for itself. If you really aim for profits of x20 and more, then you have no choice but to look for an alternative to Bitcoin.
2486  Economy / Service Discussion / Re: Deflation in signature campaigns on: March 21, 2023, 11:02:12 AM
Also if you think that in the future some campaign will try to collect the majority of ex-CMs in a higher paying campaign.

I personally doubt that any of the currently active managers will decide to increase pay rates even close to what CM was paying, or in other words, to suggest it to a potential new advertiser. The standards have long been set, and the question arises, why pay someone more if he agrees to less?

And one last question. The CM campaign paid for a maximum of 50 posts per week, while the rest (except Stake.com) pay for a maximum of 25. Do you think this will lead some people to try to build up an alt account so that in the future they can get paid for two campaigns for a total of 50 posts per week?

Some may try it, but it is not against the rules of the forum to have multiple accounts and participate with them in different signature campaigns. Of course, there are those who work against the rules, but that is something that has always existed.

I wanted to comment on this issue, asking those who have been on the forum longer if something similar has happened in the past.

What has changed compared to the past is that today we only have two types of advertising, one is mixing, and the other is gambling. About 6-7 years ago, there were several different businesses that used signature campaigns for their advertising.
2487  Economy / Service Discussion / Re: Dilemma between focusing on B@bitcointalk and my current paid employment on: March 20, 2023, 04:38:40 PM
I believe this post from Lucius should be the answer that you seek. 

You have a good memory, I wrote it more than half a year ago, but I still think that every member should stick to it, because otherwise you could get into big trouble. Campaigns come and go, today they are still possible, but tomorrow they may be banned.

Op, on a more serious note, even if you manage to gain the 1000 merits needed for the legendary rank you still have to wait up to a year or two before you can attain the required activity another thing you should take note of is f there's no guarantee that this forum signature is going to last forever, and you depending solely on this forum as your source of living is a very risky thing too.

That's a long time, which can seem even longer if rank is your only goal. However, merits will be a much bigger obstacle for the majority, especially if there are less and less active merit sources that will reward quality posts.
2488  Bitcoin / Bitcoin Discussion / Re: Bitcoin Asset performance Q1 2023 on: March 20, 2023, 04:20:52 PM
I found some pretty crazy stuff done by Balaji, who is the co-founder of the Board and former Chief Technology Officer of Coinbase. On March 18 yesterday he held a bet on Twitter with several people, namely he bet that within 90 days Bitcoin will reach $ 1 million. It sounds extreme, but reading all the explanations about hyperinflation knowing this will be met by increasing the value of the dollar makes me quite optimistic. But again he is betting that in 90 days if Bitcoin does not reach $1 Million then he will voluntarily give USD money to the winner.

This one seems even braver than the old John McAfee, who once advertised himself with the same speculations, and we know how that ended. I'm not sure how this bet works, but does that mean whoever wants this bet needs to have $1 million? To me, it seems like some kind of game for the rich, and for them that amount is obviously insignificant enough to gamble away it in this way.

No matter how euphoric and fanatical you are when it comes to BTC, that price can be reached in 90 days only if some big central banks and rich investors start buying BTC en masse and cause mass madness and FOMO that we have never had the opportunity to experience.
2489  Economy / Speculation / Re: How much return are we expecting next bull run? on: March 20, 2023, 04:07:08 PM
Have been in crypto just over a year now so have yet to experience a bull market and up till now I have just bought and held.

I was wondering when your next topic that starts with "have been in crypto just over x days, months..." will appear. Given that you always ask similar questions, the conclusion is that no one gave you a good enough answer or you did not understand what we were answering.

Currently my portfolio is 10% down and am not planning on selling any until I 2x at least.
Bitcoin takes up 30% of my portfolio with the rest in altcoins.

Only 10% considering that you invested 70% in altcoins? Consider yourself lucky that this percentage is not even higher, because most altcoins are completely meaningless and lose value even when the price of BTC rises. Don't get me wrong, I'm not saying that you should invest 100% in Bitcoin, but that you are taking a much greater risk by investing in altcoins.

What is everyone expecting in 2024/25 bull run? Is a 10x a good return or should we be hoping for more?

x10 to today's BTC price? I won't say it's impossible, but that would mean 1 BTC would be worth $280 000, and the last big bull run only pushed the price up about x3.5 from the previous ATH ($20 000 - 2017). I personally don't expect the price to go that high, but that's just my opinion and it doesn't have to be correct at all.
2490  Bitcoin / Bitcoin Discussion / Re: Can the delay in blockchain confirmation be one drawback of bitcoin transactions on: March 20, 2023, 03:24:03 PM
It only displayed in my account as an unconfirmed transaction after the sender had left, and before then, it already showed the 15 confirmations on his device.
So the delay was not a Blockchain issues but from exchange I used to receive?

If in the end you successfully received the transaction, then without any doubt your "delay" has to do with the fact that you are using a non-custodial wallet. With the custodial wallet (if it is synced with the network) you will see the sent transaction almost instantly. I recommend you to change your wallet, because every customer will not feel comfortable if you doubt whether they have made a payment or not.

Use the exchange for what it is intended for, not like some kind of bank account, this is not only the wrong approach, but as you yourself have seen, it can create very unpleasant situations.
2491  Economy / Service Discussion / Re: Binance launches new cloud mining for Bitcoin on: March 20, 2023, 03:09:11 PM
So cloud mining is not always profitable?

Has it ever been profitable? It's one of the biggest scams when it comes to Bitcoin, but apparently it still sells very well today considering that people are constantly asking questions like this. If a so-called "respectable CEX" decides to offer something like this, then I wonder if they are just greedy, or if their business is going so badly that they take money in this way.
2492  Other / Beginners & Help / Re: what to do if I addicted to login into the forum. on: March 20, 2023, 11:11:08 AM
I am a newbie and this is my first ever forum account and i am addicted to it, i log in many many times a day, what can i do to stop addiction, "every addiction is bad"
is it happened to your sometime when you were newbie?

It seems that you have a lot of free time, because if it weren't for that, you wouldn't be so focused on the forum. If logging in worries you too much, you can browse the forum as a guest. Be that as it may, I don't think you need to worry too much at this point, for most people, the "addiction" you mention disappears after a while.
2493  Other / Meta / Re: Can I merit a banned account? on: March 20, 2023, 10:48:45 AM
There is no doubt that what the OP is asking is possible, but is it possible for a banned account to send merits? I am primarily referring to permanently banned accounts - because they still have access to their accounts and can send and receive personal messages.
2494  Economy / Services / Re: LoyceV's Signature for Rent on: March 20, 2023, 10:39:49 AM
~snip~
The profile picture, eh, it has no clickable links and is fairly small, so it's alright for me as I have it now. What I really don't like is when you have to do the 'trifecta' of signature, profile picture and personal text; basically making your whole profile indistinguishable from others (besides the name) and your post containing more ad space for a single sponsor than actual content.

I share your opinion about that, because most of the time I had (like now) an avatar and personal text that were not part of any paid campaign. I understand that whoever pays for the campaign wants maximum exposure, but it seems to me that most of those who are interested in something will still click on the signature because it is a direct clickable link.



By the way, I'm not part of the sig campaign that I currently have a signature on, but it's one of the oldest projects on the forum I'm a member of, so why not promote something that's been around for a long time and maybe get some more referrals.
2495  Other / Beginners & Help / Re: It's not safe to be a crypto influencer on: March 20, 2023, 10:26:21 AM
~snip~
Most of these influencers or signature participants do not use the service or product they advertise. It’s common to see someone wearing a casino signature but doesn’t gamble.

As far as I know, all sig campaigns that promote gambling require their participants to be active in the Gambling board, so it's a bit strange that someone who doesn't gamble and doesn't know the business can successfully advertise anything. However, it seems that quality and knowledge are not too important in this case, because after altcoins boards, that part of the forum is polluted with the most spam.
2496  Other / Meta / Re: Plagiarism vs AI Posting on: March 19, 2023, 03:14:08 PM
~snip~
Today I found some posts from AI about how they want to revive them. The user just added the phrase "I think", but he doesn't even bother to change the capitalization.

This is just proof that it does not mean that someone will necessarily look "smart" if they use AI, but the exact opposite will happen. If you don't understand some of the basics of what you're asking the AI, then you can't even correct some mistakes that the AI can make.

What is certain is that some will try to "disguise" artificially created posts in a similar way (but also in some new innovative ways) as they do with plagiarism. However, as long as there are those who do not like such behavior, all of them will have a problem, regardless of how intelligent the AI they use is.
2497  Economy / Scam Accusations / Re: scam csgo500.com banned account with 1000$ on: March 19, 2023, 02:56:35 PM
CSGO500 allowed me to withdraw my deposit, my winnings are forfeited but it's a fair move on their part.

HOWEVER, THEY ARE HONEST

Does this mean that in some way you admit that you used forged documents? Regardless of the fact that you claim that you use the same documents elsewhere, maybe those "others" are not good enough at discovering such things.

In my opinion, this whole approach deposit -> game -> KYC is completely wrong, because it should be the other way around. Imagine how much time would be saved if you were caught before you even managed to make a deposit?
2498  Economy / Speculation / Re: repetition of 2008 crisis and what it means for bitcoin on: March 19, 2023, 12:10:27 PM
~snip~
You need to understand that many institutions own Bitcoin. Even if Bitcoin doesn’t crash, their other assets will and they will need to sell Bitcoin to make their earnings look better. Same with retail. If someone loses their job, they will need to sell their Bitcoin to pay bills.

It is something like a double-edged sword, on the one hand, money leaves the banks and part of it probably flows into Bitcoin, and on the other hand, for some, the rise in the price of BTC may be a trigger to sell and thus try to compensate for the losses that will occur due to the more or less everything else loses its value. It is true that no one will hesitate too much to sell BTC if they do not see another way out, but we can hope that the demand for the same will also increase and that there will be no major crashes in the near future.

Realistically, the price of BTC is approaching where it would be if Kwon&Bankman didn't happen, which is somewhere around $30k.
2499  Bitcoin / Bitcoin Discussion / Re: The future of decentralization and BTC digital economy on: March 19, 2023, 11:51:50 AM
~snip~
They are entrepreneurs. Their #1 goal is making money. If praising Bitcoin helps them make money, they will do it. If attacking Bitcoin and promoting their shitcoin is more profitable, they will do that instead.

You wrote that well and I agree that for them Bitcoin was and will remain only a stepping stone in achieving their goals. They actually said everything about Bitcoin with their works, because if Bitcoin was enough for them, they wouldn't have created something else, which is the complete opposite of what Bitcoin represents.

Besides, they never tell anything interesting or original. It's always "blockchain is the future, crypto is the future, buy my shitcoin before it's too late".

Always the same old stories, but we should not forget that the audience is changing and that it sounds very interesting and new to some, because they are beginners who need advice, guidance and vision. According to CZ, the average investor is not intelligent enough to be his own bank anyway, and instead of teaching them about it, he advocates a custodial service because it suits him personally.
2500  Other / Beginners & Help / Re: It's not safe to be a crypto influencer on: March 19, 2023, 11:37:33 AM
The project looks very promising when it came out, and these influencers also hold some bags too, this is why I will never be a crypto influencer because you can't predict what will happen to the project you are promoting.
~snip~

But even at this moment you are in some way an "influencer" because you have something in your signature, don't you? Most projects can turn into a scam at any moment, and even those that are not can be misused in such a way that someone uses them for bad purposes. In principle, I agree that we should be careful how we influence others, although it is not the tool's fault that someone uses it in the wrong way.
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