If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised centralised, power-obsessed regime. China can play with its digital yuan.
That's what I have been saying since China banned bitcoin mining. It's a net positive! China's dominance over bitcoin mining must end for the greater good of the bitcoin mining community. Whatever impact you are seeing, is temporary and not going to hurt us for a long time. But at least it will be free from an authoritarian regime which goes a long way cleaning up ticks from the network. China has their own version of almost everything and they should be happy with centralized digital yuan. |
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Hello all lovers of binary options,
Please check my thread daily to see my bot performance at https://bitcointalk.org/index.php?topic=5344745.new#new
I shall be posting the performance on the thread everyday for the next 3 days.
Thank you all for visiting my thread and feel free to ask me any question because no investment question is stupid.
I have one simple question, how does your bot choose the winning direction in binary trading? Is it based on probability, technical analysis or did you find a bug in the system of binary. Com? I understand that the answer to this question can be business sensitive so you can ignore at your will. But I am really intrigued to know! |
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Quote - “Historians will write that China had a majority of hashrate within their geographic borders, yet they made decisions that pushed that hashrate into more democratic and capitalistic societies. Just as North Korea chose to embrace the internet only for the elites, China is making a similar mistake here. As if that wasn’t bad enough, China’s plan for a nation state digital currency is similar to North Korea’s internal “internet.” As we have discussed over and over again, open systems beat closed systems. The Chinese approach of banning an open monetary network in pursuit of a tightly controlled monetary system is unlikely to be seen as an advantageous strategic move for their citizens. But just like North Korea, this decision will be helpful in continuing to consolidate power and ensure the longevity of the dictatorship.” - Anthony Pompliano
I second the statement. It's a short term negative but long term positive. China has an authoritarian government who tries to maintain absolute control on everything within their country. So a free monetary system like bitcoin is essentially seen as a threat by the Chinese government. So they have done exactly what they do best - banned it! But I strongly believe that it's definitely good for bitcoin. Too much Chinese intrusion is not good on anything. Bitcoin is no difference. So if the Chinese are leaving the market, that's a net positive. |
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First Elon-Now Chinna-Tomorrow what else will be discussed.
Bitcoin is heading to its 13th year, every 4 years the rich are getting richer-because of Bitcoin, does that include you....! I do not think so.
Chinna was furious with Elon-she acted like a wolf, swallowed her bones-China set a new trap 1-2 Successfully the 3rd failed and was completely swallowed by the car businessman, now the 4th story is just starting to look fun and long.
You all have to follow the Chinese storyline this time-leave that silly Elon, prepare yourselves-maybe you'll be the next billionaire.
Hold your emotions-a new game is starting this time the director is china.
What's the background of such ranting? Care to explain? What Elon did, has no relation with China. More countries will come forward in near future and impose a blanket ban on bitcoin. Do you call it a global conspiracy? But there will be countries who will legalize it as well. What do you call it then? What game you are referring to? Do you think we will face a global force against bitcoin in coming years? If yes, how? |
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Any expert can explain the reason behind those huge pump and dumped of BTC?
No one would be able to point out the exact reason why pump and dump happens in the market. Considering the size of bitcoin market, it's pretty impossible for any single group or entity to manipulate the market. But since you are watching the crypto market since last few years, you know that people will book profit after it reaches to a price point. This price point differs from person to person. Remember, a lot of people invested in bitcoin at 22k level and when it went back to 4k level, everyone was disappointed. Now you can't get in at even 22k level. So patience is the key here. Market corrects after every ATH and that's what is happening now. |
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If you want to gamble, go ahead and buy some meme coins. Track the market closely and sell off once your expected price is reached. Enjoy with the profit.
Now also consider the downside of it. If the price goes down without any expectation of future bull run, then you will probably have to square off your position in loss. So don't invest anything which you can't afford to loose.
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Apparently according to a recent news the Gambling Casinos in Vegas are going to allow Cannabis Lounges. In Nevada it's not restricted if you do it in your own house. https://www.gamblingnews.com/news/vegas-nightlife-gets-more-colorful-with-cannabis-lounges/ What do you think about it ? - I do think that this is a step taken by both casinos and the government to ensure that people loose more, so that they do not care about what they are doing and at the end both the casinos and the government will make more money this way. I surely think that this might not be the way to go, alcoholic drinks are served in the casinos for a reason. I do think that this might be a "happy news" for most people but at the same time you should realize that this is something that will drastically reduce your chances of winning. Lol! I wish my country also allows canabis to be sold as a legal product. Because canabis is literally available everywhere but just as an illegal substance. But any tom-dick&Harry can get it easily no matter where they are. But what Las Vegas is doing has a business equation behind it. Canabis makes you hallucinate and think less about your self and existence. So casinos are eyeing for more revenue per player through this move. Anyway, gambling is all about entertainment so I see no harm in make that entertainment more colorful. |
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The drop is temporary for now and great for the long run. I personally so very much wanted to see the entire Chinese population out if the crypto market as soon as possible. This is probably happening because Chinese people have started cashing out their bitcoin. Once this outgoing volume stabilizs, the price will go up for sure.
This move will make the crypto market immune from Chinese government's decision once and for all. Not to worry!
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Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.
Lol! While it's good for bitcoin but US will again see a plethora of Chinese aliens moving into US. I am sure local Miami residents wouldn't want that to hapoen. The hate crime against Chinese Asians are already quite high and it will continue to rise. I think Miami mayor should put some caveats to ensure the mining operations have US partners before accepting any Chinese nationals into their state. Chinese people are indeed a threat to national security of US considering the tensions happened in South China Sea in recent times. |
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I am planning to sell my BTC which is going to be worth 5 figures (INR).
I would sell it either on zebpay, wazirx, paxful.
Is it ok if I withdraw all my money from these exchanges directly to my Savings Bank account?.
Should I withdraw in parts or no issue even if I withdraw in one go.
5 figure transactions are quite normal so no issue is there. However, I would strongly request you not to use zebpay, WazirX or any other Indian exchanges to cash out your bitcoins. Use Localbitcoins, paxful or Bisq as these are p2p exchanges. Localbitcoins is preferred because they are the first ever p2p crypto exchange and quite good. For a 5 figure transaction, I would suggest to give it one shot. There is no need to do multiple transactions. Hope this helps! |
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Many thanks for all your replies. Even though many replies are not straightforward enough but I have got 5 pages of replies to analyze. Thanks for sharing your suggestions as well.
I am locking the thread now to prevent any more replies because I don't want this thread to become a spammer's heaven. Thanks again!
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Did they reopen under a new management? I guess not because their thread is being updated through their old owner's bitcointalk account. If the management is same, I don't think they will be able to get a lot of attention from this community.
Also regarding the staking profit, I can see that it has now became normal as compared to the previous information. I think they are still updating the website and making few final adjustments. The alignment of content is still not fixed but I think that will eventually be done.
Since they have restarted, I would take "wait and watch" approach before jumping into any conclusion.
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So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
Buy the hype, sell the news - this statement may be useful for the day/short term traders but doesn't work for the long term holders. But when it comes to predicting, who the hell bothers about long term holders anyway. But that's what I want to talk about. Long term holders are inherently bullish about an asset. So the golden rule for them - buy the dip. Cost averaging is the best possible Avenue for the to make money and for that, buying at every dip is important. That's what I personally follow. |
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First we had ICO, then IEO, now what the hell an IDO is? Initial dick offering?? This one seems like a browser extension which will enable you to earn rewards whenever you shop using that. Be careful as it is very easy for a browser extension to contain mining scripts or malware. The website looks like developed by some random wordpress nube. I would rather suggest to steer clear of such programs. Will be a dead coin sooner than later. |
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Just because he says some negative or positive stuff, why do people react so much?
Whatever the reasons, are people done listening to him now or what? I don't think people are done yet, but I believe we will soon overcone his influence over the crypto market. He has a large following in social media and he is also regarded as a visionary inventor of our time. So there are people who listens to him and react on his views. We used to react for Jamie Dimon and Warren Buffet as well. But eventually we have stopped listening to them. Same thing will happen with Elon in due course of time. |
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Hi all fellow Bitcoin forum members. I’ve been a gambler for most all my life. Started gambling with bookies and in casinos and switched to online casino’s in the past 10 years. Over the last few months I’ve been trying out some crypto currency casinos. I really appreciate the traceability, anonymity, trackability, and speed of cash outs. I am very bullish on Bitcoin and believe it’s a great currency to keep my disposable income in as it may make a profit while in possession. What’s important for me in a casino is the following: superior customer service, honestly fair, regulated/licensed casinos, best lines and promotions and offer the best terms and conditions regarding pay outs and play.
Does anyone here have experiences with bitcoin casinos that are favorable? Am I missing any of critical traits that a good casino should have?
Thanks,
Crypto_Capitalist
Hey, welcome to bitcointalk. I see you have given your personal ratings to some of the crypto casinos. I wonder how Bitstarz has fetched a good rating in your evaluation because this casino is really suspicious and we have seen many negative reviews about them. Did something improve for them? I am interested to know your in-details experience with Bitstarz. I know they have hold off the funds of multiple players and many other issues. So a little explanation would be nice! |
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Good day.
There is a desire and an algorithm for cryptocurrency, which has two advantages:
1. It rises in value when the cryptocurrency market falls.
2. Never falls in price.
The question arises: what obstacles and difficulties will such coins have?
What is your opinion?
I am sorry I fail to understand how it can happen in reality. Even the value of stablecoins change from time to time and in times of extreme volatility. So can you please explain how it will happen? If in reality such coins can be designed, anyone would become a billionaire. But that's not the case and we haven't yet seen any such coins in the market whose value never falls. So I am really interested to know how you propose to achieve this. |
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General Motors CEO Mary Barra told CNBC on Wednesday that "nothing is stopping" her company from accepting Bitcoin payments: "There's nothing that precludes us from doing that. We'll be driven by our customers." Barra claims that GM is trying to "simplify" its customers' shopping experience and ownership. In February, after Tesla bought $ 1.5 billion worth of bitcoin, Barra said her company would evaluate bitcoin acceptance. Source: https://u.today/general-motors-may-start-accepting-bitcoin-if-theres-customer-demand-says-ceo-mary-barraI am very surprised to see such statement is coming from Mary. The risk appetite of GM is not good. They are always scared about exploring new markets and don't have the capability to stay in a market for a long time if challenges are thrown to them. They always try to avoid risks. So such statement about accepting bitcoin is either a gimmick or her personal preference. I will be shocked if GM actually starts accepting bitcoin as one of their payment methods. |
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I am aware that the argument about day trading as gambling or not has been discussed often before and it could be tiring to prove a particular point due to its subjective nature. One could say that day trading is a combination of little to non T. A and pure luck, others would say that day trading could never equate to gambling since the ability to read charts and proper risk management would decrease the percentage of getting rekt.
It will just result in a never-ending comparison.
It is indeed a never ending comparison and it's not possible to prove only one point around it. There will always be arguments and counter arguments. But for me, gambling is never a method to make money. For me it's just an adult's way of entertainment. While trading is an attempt to make money. I think that's where gambling and trading can be differentiated. But again, everyone has their own version of it. I am now tempted to see the documentary this weekend. |
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My question, as Bitcoin is massively adopted as a legal tender, despite being a decentralized system, does it have a design or policy that will do exactly what the countercyclical fiscal policy does?
Thank you!
I don't know how you have considered that bitcoin is massively adopted as a legal tender, because it is not! I believe only Japan, El Salvador and Curacao has given bitcoin a legal tender status as of now. Bitcoin is pretty much not a legal tender worldwide. Now to answer your question, bitcoin doesn't have a policy similar to the governments and will never have one. The reason is pretty much simple - it's decentralized and no one controls it. Bitcoin is based on a scarcity model. It has limited supply and it's mining difficulty increasing after a certain period of time to make it even scarce. |
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