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2521  Other / Off-topic / Re: Life lessons from Bill gates and how it could make you a successful entrepreneur on: October 07, 2022, 03:48:04 PM
Being an entrepreneur should also be flexible. You should know how to face your losses sometimes, so you can easily recover and move  forward. And always learn from all your mistakes, because that will improve how you handle your business and grow being an entrepreneur so you can also attract consistent and sustainable profits. If you can do it, most likely you will be successful in the end.
That's why if we can learn from mistakes and know where the mistakes are, we can avoid the same mistakes and can gain more knowledge of how to be better than before. Thus, we can manage our business well and will be able to benefit later. Maybe what we need to have is how to have patience so that we can continue the plans we have made and achieve them.
Losses are the best teachers, that's a true thing. However, do not get any lessons from Bill Gates, he might be a smart individual, and that's fine but that dude got all the teaching and lessons from his rich parents money. He is not the person to give anyone any life lessons, sure he took something big and made it huge, but he never had a life like us, if he never invented microsoft, he would still be a richer person than all of us here combined, that's why we shouldn't care about him.

Moreover, I would assume that the best thing for regular people like you and me to realize is savings will not make us rich, and we need something bigger, and get into the job that you already know very well about, not because it looks profitable and join something you never worked in before in your life.
2522  Bitcoin / Bitcoin Discussion / Re: which btc address generated do yall use ? on: October 07, 2022, 08:59:24 AM
Mycelium is very safe to use to store Bitcoin, in addition to private keys under our control, Mycelium is also safe from online theft.
There is no online wallet with the feature of "being safe from online theft".
If you want to be 100 secure and protect yourself from getting hacked completely, you should generate your wallet on an airgapped device and your keys never connect to the internet. Otherwise, there's always the possibility of getting hacked.
A good wallet allowing you to generate the wallet and spending the fund offline is Electrum. I doubt that's possible in Mycelium. Someone correct me if I am wrong, please.
This is true, online wallets always carry a risk and people need to realize that, because at the end of the day there is a good chance that we could end up with something that will be a hacking or maybe rug pull or maybe a failure, whatever it is, there is always a chance that if your money is not in your own wallet, and in something else, then it could be stolen and we shouldn't be risking it.

Just get a ledger and put it in there if it is too much, of course not needed if you have only 50-100 bucks, but if you go over a certain amount where it is like over a few months salary worth, then it would be a lot better idea to just buy a ledger or trezor to keep assets safe.
2523  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: October 06, 2022, 06:55:52 PM
The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.

I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.

As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
There is really no exact date, nobody could find that exact date because there is none. The reality is that, one thing is a big fact that we can't deny at all, and that fact is "after a certain time passed over halving, the price starts to go up", we do not know how long needs to pass, or how high it will get, none of them is known.

What we know is that it is going to be some time after the halving, and we know that it is going to be something that will be higher than what it entered the halving as. This is why it is a smart decision to buy a bit before halving, and sell a while later, that way you could profit, better would be buying now and selling after 3-4 halvings later.
2524  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum POW - ETHW on: October 06, 2022, 06:10:28 PM
Since the Ethereum merger, the number of miners in the ETH PoW network has decreased by about 2 times. This is evidenced by the data of the hashrate network. This indicates that miners are abandoning ETHW mining, preferring ETC and RVN, which, on the contrary, have an increased hashrate.
It's increasing a little bit since the price was bouncing back again to the 10 but this time it's decreasing again to the 9. I guess the price stability has become the main consideration for miners to switch from one coin to the another coin gradually. Miners are feeling worry about volatility in the ethw. That means the hashrate will be also volatile caused by the demand will be going up and down to mine the coin.
I believe that miners will not be able to keep this high for a long time because they will eventually have to sell this coin to pay for the bills. I mean consider how much it cost to mine something, you are going to end up losing a lot of money due to the fact that electricity is required to mine, and if it keeps going like this there will be a lot to mine and there will be a lot of people who will sell to pay those bills and the price will crash.

They can hold out as long as they possibly could, but when the debt grows too big, they will be forced to do it one way or another and there is no way to avoid it, so the price will crash eventually, don't know when but it will happen.
2525  Bitcoin / Bitcoin Discussion / Re: Mexico is the next El Salvador? on: October 06, 2022, 12:08:11 PM
Although al Salvador did not accept this, I think the president of the country regretted making bitcoin the official currency. If I remember correctly when they went official, bitcoin was around 35-40 thousand dollars. It's half value now.
It doesn't matter when you start, it's not an idea that would make you rich overnight and this is a whole nation we are talking about. They kept on buying more and more bitcoins after that, even though the initial investment wasn't at the bottom, they did buy some at the bottom levels as well, which means they already did DCA, so if a whole nation could wait, which governments usually do because they could have investments take as long as 20-25 years to mature, then it's going to be an insanely good investment for sure.

I do not think that President really regrets it, he is still doing it and still buying some, so I feel like he must be happy about it if he is still doing it.
2526  Bitcoin / Bitcoin Discussion / Re: A New Study - Bitcoin is 56x more energy Efficient than Traditional Banks on: October 06, 2022, 07:44:25 AM
I am a bitcoin investor and bitcoin also gives me a lot of things that my main job cannot give me. But I can tell you, bitcoin is not comparable to the banking system. As @hathepsut93 said, it not only provides you with a simple way to transfer money, but also a lot of other services.

Banks have been around for centuries and bitcoin has only been around for 13 years. Before bitcoin arrived, did you rely on banks? I don't believe you don't have any bank account, I don't believe you never use a bank in your life. Bitcoin is amazing and everyone should have some bitcoin if want good future that is my sincere advice, but the bank is also very important to us, we should not get rid of it completely, just don't put all our trust in it.
Yes I agree. But, banks still have a large number of transactions per minute, and BTC has a very low number compared to banks.

I think BTC needs more time to evolve its number of transactions, for me this is very important
I would guess that it's not really ideal to compare the two together in the sense that transaction amounts are different. It could be different but we are not seeing anyone worrying about banks carbon foot print, whereas we are seeing a ton of people worrying about bitcoins one, that's the problem here.

If we one day reach to a volume that is close to worlds banks all total, then we could worry about the increased energy usage, but we are not there now, and yet people are still worried about it. We should be looking into not just dropping the amount of energy we use, but also we should focus on finding a way to fix the bad ways we find energy, we need to use energy but produce it in a clean way.
2527  Alternate cryptocurrencies / Altcoin Discussion / Re: A good news or a bad news on: October 06, 2022, 06:50:31 AM
If nothing makes USDT or Tether illegal I think they can provide valid shreds of evidence in the U.S court and I can also say that this is a piece of good news to say that USDT/Tether is clean when it comes to legality.

But if what they show they need becomes invalid in the U.S. court, it will be a big problem for sure. I just don't know if the bad news about the dollar is related.

Anyway, you should just chill and relax as far as I can see everything will be fine for usdt/Tether.
I would say that there is "some" illegal parts of it. Not because they are doing anything unethical or just scamming you, they could be legit and decent and still be found guilty, not for like a jailed type of crime, but for some SEC crimes which are related to finance and could be punished with just a fine, which could be millions of dollars but fine.

They have billions, tens of billions of dollars from us and gave us something they created themselves out of nothing, that could always be troublesome in a court of law and that would be the case they are going against. Doesn't mean they have to be scammers, just that idea alone is a risky one.
2528  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen in the crypto war? on: October 05, 2022, 07:09:23 PM
92 percent? I doubt that. It's the first time I heard about Tornado Cash as I am not a big fan of mixers. Plus, there's already one which is well known in this forum.
Money laundering had always been an issue for a mixer business and reputation will be a big part of how they will stay in business for a long time.
When illegal funds entered their service, how do they deal with it? Will they let it slide for the profits in transaction fees or will they take a look at it and report it to authorities? But, that takes out the anonymity and privacy the buyer is trying to achieve so it becomes a conflict.
There's big money in cryptocurrencies now, expect the government to look at it every time they see large amounts flowing.
If you look at the money and where it comes from and find out it is an illegally attained money and report to law enforcement, then you are not going to be purely decentralized and fair, it is going to be centralized, and other people may not prefer you neither.

The point of mixers is not to be followed, so that your money would be going through many other stuff to reach its point and no government could follow you, even if tax reasons alone. If you check it and report it, then why even mix it? It’s found out anyway and it is not going to be worth mixing. You either accept everyone, or you do not do a mixing business at all.
2529  Economy / Economics / Re: Wall Street Reports On Bitcoin on: October 05, 2022, 05:38:42 PM
I really appreciate what you have done in conveying the key points of the Research paper published by Wall Street Banks on Bitcoin. However, the main question is whether the general public knows about it or not and whether they will consider using it in the future as a result.

People in general will definitely know about it if a more widespread publication is made, because it is published to be known by many people, especially those who are familiar with Bitcoin and also often use banking services when withdrawing money or sending money in certain countries.

In the future the use of Bitcoin through adoption will be more and more because it is based on the development of Bitcoin which has penetrated throughout the world even though not everyone in this world has used Bitcoin.
It is true that the more these big names end up doing publications regarding bitcoin and giving it credibility, the more there will be people investing into it. Places like citibank making claims about bitcoin, even if it was bad or when it is good, doesn't matter, it gives credibility to it, they speak it into existence, if it's good then because it is good, if it is bad then there are people who hate these big names and will invest because of that.

That’s why it’s going to be easy for us to grow in adoption due to these publications. It is great that they are collected all in here in a single topic, it allows us to read them easier instead of researching for them.
2530  Economy / Economics / Re: America Has Lost Its Oil Buffer on: October 05, 2022, 03:22:43 PM
I don't think it's a big problem for the US. Especially with today's falling oil prices. Totzhe China can resell, at a cheap price, tighter Russian oil. If Urals today costs $66 per barrel (the spot price!), then China's price is already about $30 per barrel. And to play along with the United States, it is now very profitable for China - well, not to do business with losers ?! Smiley
Don't the US get it's oil in the Middle East and don't they have their own oil wells in the country? I'm a little confused as to why their SPR is such a big deal? Can't they just get more so they can replenish the losses in their reserves?
It is, and they do get it cheaper, so much so that they literally take oil out of Saudi Arabia, give them money, but then Saudi Arabia turns back and buys weapons from American companies, making them a profit in the long run. So that oil may not be free, but comes in cheaper than you can imagine, under 40 dollars per barrel, not because that's what they pay, but because they sell something in return to cover the difference, so most of the money stays in their nation.

This is what they should be worried about, it is not something that should be upsetting Americans just yet, the reason why prices are high is the insane profits oil companies are making, not lack of oil.
2531  Bitcoin / Bitcoin Discussion / Re: All I need to teach my employees about Bitcoin on: October 05, 2022, 02:06:41 PM
My request from this forum is to give me more hints on other things I must lecture them on concerning 😟 Bitcoin and how to receive payment from customers.
You have really taking a bold step, from accepting btc as a method of payment in your organization to trying to educate your employees about bitcoin.
I don't really have much advice to give but to you.
All you just need is a projector, or a white board, a simple graph about how btc works, and if they have access to anything that have access to the internet access they can educate them self from the fundamental that you have giving them.
That’s right, taking a step forward in crypto is a hard thing, and start accepting bitcoin which is a volatile thing is even scarier and doing that for your business will be something many people would be afraid of.

I understand that there are some, specially people here on bitcointalk do accept it easily and that’s understandable, but that doesn't change the fact that we are talking about something that would be beneficial to everyone who would be able to make it work in the long run. That doesn't mean that just because we accept it, it’s easy, it’s not because we are here and can't see it, at the outside world it’s still a very difficult thing.
2532  Bitcoin / Bitcoin Discussion / Re: US Senator Says 'I Love That Bitcoin Can't Be Stopped' on: October 05, 2022, 01:12:39 PM
US Senator Says 'I Love That Bitcoin Can't Be Stopped'
source: https://news.bitcoin.com/us-senator-says-i-love-that-bitcoin-cant-be-stopped-citing-concerns-about-national-debt-and-inflation/

U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said ...

... she said the truth  Smiley
This is what the government is afraid of though. I mean as a senator they can think whatever they want, but if they cannot reach the bitcoins of anyone, and everyone goes into bitcoin, then it is not going to be that easy for them at all.

This is what I believe would be a big deal for them, taxation is the key for any government to continue, and they do charge you tax when you profit from it, but if you hide it, and they cannot find it, that means they cannot tax something they do not know exists, and that’s their problem. Hence, senator or not, each of the government members, elected officials, need our taxes and bitcoin profits for sure.
2533  Bitcoin / Bitcoin Discussion / Re: A New Study - Bitcoin is 56x more energy Efficient than Traditional Banks on: October 04, 2022, 08:10:31 PM
I am a bitcoin investor and bitcoin also gives me a lot of things that my main job cannot give me. But I can tell you, bitcoin is not comparable to the banking system. As @hathepsut93 said, it not only provides you with a simple way to transfer money, but also a lot of other services.

Banks have been around for centuries and bitcoin has only been around for 13 years. Before bitcoin arrived, did you rely on banks? I don't believe you don't have any bank account, I don't believe you never use a bank in your life. Bitcoin is amazing and everyone should have some bitcoin if want good future that is my sincere advice, but the bank is also very important to us, we should not get rid of it completely, just don't put all our trust in it.
Bitcoin, being able to both be store of value and also a payment transaction may make it unique on its own. I mean surely there must be "some" out there, but can you tell me something that both gains value and makes you rich and you invest into, but could also use for paying a cup of coffee?

Look at all the other investments we know, bank savings account, gold, real estate, stocks, whatever you can think of, they are not stuff we use to pay for a coffee, or look at things that you can use to spend, dollars, change, credit card, whatever, they are usable to pay for stuff but those are not investments. Bitcoin could be the only thing you can use together.
2534  Economy / Speculation / Re: October price guess on: October 04, 2022, 05:36:40 PM
Nothing is to be expected in October as the battle between the bulls and bears continues towards the end of the year.
There are no scheduled events that will happen on this month so you might be right with that. Nothing extraordinary will happen within this month. There's also no battle between the bear and bulls because what I can only see here is that the bear is only raging continuously. There is is no signs of a bull yet. We can only say that the bull is here and it's fighting the bear when the price breaks over 30k usd or more.

as we now enters October , yet the movement seems the same and no changes at all , staying at 19k level from last night till this moment?
I'm afraid if there are best coming for us but what I am sure that sooner there will be great to come for all of us Bitcoin supporter.
either this month or the next? still last quarter mostly is what we are waiting to make a decision for the whole year investments and holding.
It could be a sign that the price will act the same as what we have seen on September but don't worry because just like the saying says "best things comes from boys who wait". There may not be surprises this month but it'll come next month or so, that is for sure.
2535  Economy / Trading Discussion / Re: If I get heart Attack that is because of BITCOIN on: October 04, 2022, 11:24:50 AM
Hi guys I think I might have heart Attack cause when I buy Bitcoin it goes to lows and when I sell Bitcoin it goes higher and today I sold my all Bitcoin earnings that were 200 dollars and than. BITCOIN starting pumping very hard and that was very very annoying to me. What should I do about this?
I think you should set your own goal when you want to sell your Bitcoin, since when you buy Bitcoin the price goes down and when you sold your Bitcoin the price is up maybe it's because you panic selling when the Bitcoin go down after you buy it and it rebounds to at some price which made you get some heart attack. Try to hold for the long term and something like this is almost not going to happen.
Predicting the future doesn't make you a profit because you may end up predicting it wrong. But, if you calculate when you should sell based on the price and not the date, you will end up with a profit for sure. I am not saying that I will sell it next year, or the year after that, or next month, it doesn't matter "when" it will reach where I need it to reach.

I always say that I will sell when it is high enough amount that I would be able to retire with it, and right now it is impossible to do that with bitcoin, but if I could earn more from altcoins that go to moon, then I will be able to retire when the amount is enough for me to retire, not "when" but "how much".
2536  Economy / Trading Discussion / Re: leverage trading method and psychology on: October 04, 2022, 09:39:40 AM
Leverage trading requires psychological conditions, of course this is not suitable for beginners, but if you want to do it, choose leverage starting from the smallest first. The most dangerous thing is if you choose a large leverage, then greed and not doing a cutloss in certain situations will approach, so that we are trapped in a large floating situation and finally it is possible to make a cutloss with big losses due to panic selling.
Leverage trading requires an understanding of the risks, that's the hardest part. Many people do not understand how difficult it is for people to make a profit based on such a low amount of chance to profit, there is a good chance that you could start trading and after just one minute you could lose all of your money.

So, you should at all times be careful about what you are doing, if you end up not caring about it then you are going to lose a lot more and that's something you should be careful about and newbies do not realize. Newbies do not usually know the risk that you would lose money in a single minute if you are not careful about.
2537  Economy / Trading Discussion / Re: Is it best to have a personal trading strategy? on: October 04, 2022, 08:02:35 AM
It is precisely those who do not have a personal strategy in trading are those who enter the world of trading carelessly.
Having a personal strategy in trading will not guarantee consistent profits but it will allow us to learn every mistake made and be disciplined in trading so that it can reduce losses.
There are way too many people who do that, and that's the reason why there are more people losing money on trading than earning. There is a minority that is making all the money, and a majority who keeps on losing, and if someone leaves, another newbie takes their place and veterans take their money one by one.

If you know what trading is like, and if you have a working understanding of the trading indicators and charts, then you will know what to do and you will be able to make a profit. However, if you are a newbie and just trade stuff because you feel like it, or you read it somewhere on twitter, %99 chance you are going to lose all your money.
2538  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: October 04, 2022, 05:45:51 AM
there is a separate fan base for test cricket. But the numbers are too small when compared to T20 or ODI cricket. I don't have an issue if test cricket remains in its place. But right now, it is overlapping with other formats. For example, a majority of the players who are included in the test squad are part of the T20 squad as well (I am talking about teams such as India). And these players spend more time playing test cricket compared to any other format.

Let's take the example of Virat Kohli. Last year, he played a total of 11 test matches (55 days), 3 ODI matches and 10 T20I matches. How can you justify a player like Virat spending 55 days on test cricket and just 13 days on limited overs cricket? Another example is that of Rohit Sharma. In his case, he played a total of 11 test matches in 2021, compared to 3 ODI and 11 T20I matches. 55 days of test cricket versus 14 days of limited overs. Does this make any sense?
This all is happening with few players those are involved in these all formats for long time now as time is running out we can watch few changes with mostly teams are having quality players for T20 and test format which are giving their best in separately which is good because in near future we can expect more changes with mostly big countries will have two teams and these could be done better justification as both could be able to give their best into their formats and boards needs to do one thing just give them salary packages which could be affordable for all as well.

Because IPL factor is surely having big impact and with this mostly youths are not interested in test and domestic cricket which is related to 3 or 4 days, and they love to have big contracts with IPL franchise which is more beneficial so if they are able to do these changes than surely we can bring good players in both formats which could be more helpful.
2539  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Merge Success on: October 03, 2022, 06:48:03 AM
The merge process has occurred for almost a month and is still a trending topic on social media, I think what the Ethereum team is doing is a step forward to make Eth continue to survive in the top ranking, we are waiting for any steps after the merge process.
Everything is still going well, I see ETH is doing very well, the eth network has become a bit faster and transaction fees have decreased somewhat. While not the lowest fees it used to be, we can still see the positive effects of the merger on ETH. People were just disappointed that it didn't go up after the merge and now looking at the ETH price it doesn't look much better.
That was my fear, I mean merging is not the problem, the problem was what would happen after that? And considering what we have seen before, I was afraid that it would be a lot worse and we would have something that would bother us, like some glitch or bug or any type of problem where hackers would get hold of big funds and so forth.

It hasn't happened yet, which doesn't mean that it would never happen, it just means that it hasn't happened yet, but that’s still a risk that we have managed to postpone and that’s a good thing. If it happens 1-2 year down the line, versus it happening right now, that would be a big deal and it would cause a lot of trouble for sure.
2540  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto's Metaverse projects are looking good now on: October 03, 2022, 05:18:23 AM
Is it not a work in progress? The graphics and design is laughable but maybe Zuckerberg will change it at the later stages? It could be a test to know the reaction of the people. But it could be intentional to make it plain and very ordinary so even old people that are not following the new trends of technology can get it. By making its metaverse simple, it is also not irritating to our eyes night or day. But we will just follow on what is next. Many of us are laughing but we do no really know the reason behind it.
Obviously it’s going to take at least a decade before it could be what it is advertised to be. Let’s face the reality that we are in a world where it is not easy to have progress in tech but also easy at the same time. How is it easy?

Well, the tech that has been worked on for many years keep having better improvements all the time, there are stuff that people started working on 8-10 years ago (like gpu world for example) and finishing now so you see a bigger and better improvement, while we are using 3000's series, 4000's series already started to worked on before 3000's were released. But things that are new, things that wasn't worked on, takes years, because that’s from scratch.
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