Supporters believe that investors believe that Bitcoin is an effective tool for hedging inflation in the context of global central bank releases. Opponents believe that investors are chasing Bitcoin too fiercely, and a speculative bubble may have formed. Do you think Bitcoin crash is an opportunity to enter the market?
Indeed it is! But it all depends on an individuals risk taking appetite. There were people back in 2017, who though 20k was too expensive for them to get into bitcoin market as they though the price is going to drop soon and never come back. Now in 2021, the price is standing at 39k and we are considering it as a crash. Now think how much money they could earn if they got into bitcoin at 20k level. It's all about time. Now they can't get into bitcoin at 20k. The opportunity is gone! From the past trend, bitcoin has a cycle of 5 years where it reaches its peak and then come down to a certain level and then go back up. This is what is happening if you look at the chart of bitcoin carefully. So for me, it is indeed a good opportunity to buy into bitcoin now. |
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Goid collection of press releases. I suggest you to keep the same thread updated with correct timelines in case any significant update is received from MoS or any other reliable sources. So that this thread works as a ready reference for all concerned about this matter.
It seems Indian government is not a banning spree. They are now even considering banning facebook and Twitter if the government directive of appointing a compliance officer. So I personally don't see any hope for cryptocurrency in India.
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Ever wonder if that fellow is capable enough to make someone a winner, wouldn't he ask his distant relatives to try this trick and make money out of it? So whenever you see such kind of offers in the internet, stay out of that!
There is one simple rule, if someone has found a way to make a lot of money and he wants to sell that method to others, it's a clear scam! No one will be interested in letting others know his secret of fortune, even if against a monetary benefit. Good catch!
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Most probably yes! I mean that's what the trend is currently showing us! After 2017's dream run, bitcoin crashed to 3k level in 2018 and then after 3 years, we crossed 60k level. So if we do the trend analysis, that's the exact picture we will see!
But I doubt bitcoin will ever reach to 3k level again. As the ATH is increasing its limit, the bottom should also increase its position. So it's safe to assume that the next ATH will be even bigger than 60k and most likely to happen around 2025.
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Congratulations on the realization l. I would say you have taken right approach towards bitcoin. Corporates and governments will always try to manipulate the crypto market because it goes against their own ideology of finances. So holding onto your own beliefs is necessary and hopefully that will reward you in near future.
Personally I didn't sell any of my bitcoins during this turbulent time. Holding onto each one of them with the same hope as yours!
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It's good to see the positively around bitcoin in this turbulent time. I doubt if anyone would actually go ahead and accept this offer though unless he/she has a super risk taking appetite. Salary is something, that takes care of your bills and regular expenses. Gambling with salary might land people in troubled waters.
But what impactful is that the willingness of the company here. No matter how many employees would like to gamble but the opportunity matters.
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It won't last long because we are slowly losing our freedom online with the Internet being monitored by our ISPs, it's only a matter of time before the government takes a look at what we do online through the ISP.
That's kind if true! As the web technologies are getting evolved with new analytics tools are getting introduced, we wouldn't have much freedom left in few years from now. But it shouldn't affect the legal users of cryptocurrency. Rather such kind surveillance techniques should wreak havoc on the scammers and fraudsters who are using cryptocurrencies for illegal means. While I personally don't want to loose the last bit of privacy we are left with. At the same time, I also want to end the use of cryptocurrency for illegal activities. Difficult but not impossible! |
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Well, that's a great shift in the market of gambling related businesses. While the physical casinos are out of operations, the online casinos are hitting the bulls eye. The result is evident and clear as day light.
Bet365 is an old and reputable name in the online gambling market. But unfortunately they don't operate in cryptocurrencies. If they start operating in cryptos, many small crypto casinos will have to declare themselves bankrupt.
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I am glad that these are happening. If we have high dependency on China for anything, that doesn't ends well. Either Chinese government will pass a law to ban that activity or will just confiscate the equipment. I am glad that Chinese government is at least giving a warning here and a safe passage to move out of the country.
I believe many large scale miners will move out of China to continue with their operations. Slowly the dependency on China will end. That should have happened earlier. So the impact we are seeing now, is temporary. Hopefully we will be back on track by the end of the year.
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A sextortion victim received a mail to pay $1000 in bitcoin within 48h to address 1GYNGZLEUGkkQjHo19dHDnGE87WsAiGLLB otherwise, a captured intimate video of the victim is sent to all his email contacts. Can the extortionist be tracked down with only knowledge of the Bitcoin address? In this case the wanted person doesn't seem to be the brightest candle on the cake.
A free short analysis with our "Bitcoin privacy check" tool already shows the connection to a Binance client:. For less than $100 a report is available from forensicsone showing that the address sent funds to a binance deposit address.
But the amazing thing is that despite the naive approach, the extortionist was able to collect many millions of $ (more than 4,000 BTC) from thousands of people, even though Binance already demands KYC at 2 BTC and there were hundreds of criminal complaints at the police.
I conclude that our police simply do not have enough experts to follow up on something like this.
It's extremely difficult to track the owner of a particular wallet. Even though it's not impossible. This difficulty in tracing can be amplified through the use of bitcoin mixers. That's the reason why cyber criminals around the world uses cryptocurrency only. Take example from the recent attack on an American pipeline. There are many ways to cash out such illegally obtained bitcoins. They can use bitcoin mixers to hide the trail of bitcoins and the sell off in any p2p marketplaces. Bot all p2p marketplaces require kyc until you reach a certain volume. There are darknet markets are well. It's unfortunate that bitcoin is actually empowering these miscreants. |
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That's definitely bullish! Also if we have seen the previous trend starting from 2017 bullish cycle, this dip is probably a great opportunity to make big money out of the crypto market. The next ATH can be safely assumed as 100k.
After ATH, every market goes through a correction and that's what is happening in crypto market right now. Once the correction will find a solid ground, the market will be back to bullish mode. Possibly is a cycle of around 3 - 4 years. Selling out is not an option.
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Governments around the world is finding it difficult to control cryptocurrencies. Especially in third world countries where the population is high and the tendency of tax evasion is also high. So they are trying to discourage their citizens from cryptocurrencies. Even in my country, the banks have announced that they wouldn't be providing any services to the crypto exchanges. Their withdrawals suspended and payment gateways are not processing their payments.
I believe p2p market will start flourishing in this situation. But there's no going back for sure! When there is a will, there is a way!
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Which coin i start mining, is it profitable, my budget is only 1000$.
I just want to take a start.
With your budget, I would suggest you to start mining with ETH. Because you won't be a able to afford an ASIC but you can definitely buy two graphics cards (I am calculation in my local currency). Once the cards are ready, connect them with Nicehash miner and the miner itself will tell you the most profitable coin based on your configuration. If you don't want to spend money on graphics cards, then start with Monero using your computer's CPU power. The demand of privacy coins will skyrocket in future. |
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I would definitely return them but will deduct the transaction fees from the balance amount to ensure I am not financially affected. Money is a very strange thing. If you don't earn it, it will never stay with you. So I prefer an honest earning instead of getting rich overnight. So return is the only option I will choose.
BlockFi needs to seriously investigate this matter why it has happened. It's a big mistake which might affect the company as well as its depositors very badly.
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A little Google search will land you to hundreds of articles in this topic so I wouldn't point out to a single one. Now if you are asking from Bitcoin's perspective, it can be both.
Like fiat money, it serves as a medium of exchange as well as store of value and also as an unit for accounting. Bitcoin can also serve the same purpose. It depends on a individual how they want to use it.
Since the value of bitcoin is fluctuative in nature, a majority of its users prefer to hold it as a store of value from an speculation perspective. But when it comes to serve purposes, it can be anything. Defining a single purpose is not possible!
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Lol! Its' good that global banks like Wells Fargo has understood the impact of cryptocurrencies and also understood that if they don't go with the flow, it wouldn't take long before they become extinct. So they are just testing the water before finally jumping into. That's why they have chosen WHNI clients who has bigger risk appetite to survive frequent fluctuations in the market. Once they are satisfied, then Wells Fargo can start offering their investment postpositions to the retail client. Is anyone really interested in what banks think about crypto?
I believe yes! Because Banking lobby is the strongest contender of bitcoin in the financial market. Banking lobby is the major reason why bitcoin is not legalized in many countries. So it's a great sight to see when a competitor tries to make adjustments in their portfolio seeing your success. So yes, people are interest! |
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As on date, you can't bet on Indycar racing using cryptocurrency. There are number of gambling website that accepts bet on indycar racing but all of them are fiat. I didn't see any crypto website as on date.
But I believe this will change sooner rather than later. Because this is the first time in the 100 years history of Indycar racing, that a team is promoting bitcoin. So I assume the situation will change soon (possibly before the next season) where crypto gambling websites will jump in to the bandwagon. I wonder why the crypto gambling companies did not see this market gap yet. because as per some sources, Indianapolis 500 is the 2nd most popular racing tournament in the world, just after Monaco Grand Prix. Possibly they didn't realize the market gap yet.
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I don't think that's the actual narrative here. Elon did manipulate the market, more for Dogecoin than Bitcoin. But he can't continue this game, not as a company. If he continues spreading FUD through his influence for the second time, SEC will step in and charge him for market manipulation.
So he had to stop and that's what he has done now. He manipulated the market once and possibly sold of Tesla's entire stock of bitcoin. We will come to know in the next quarter's income filing. But for now, he has stopped and I am sure he wouldn't try to manipulate it again. At the end of the day, no one wants to get arrested!
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Well timed, indeed! I mean the way he has gone nuts against bitcoin, this should have happened earlier. But what really happened to 1.5 USD billions worth of bitcoins Tesla holds? I know only 10% have been sold to book profits but what about the rest? I believe it has now gone negative in their books and Elon is the one to blame! But probably Elon is buying more at this price point and we should all follow the same trend. Another option for us to make ourselves a little more richer! |
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Who doesn't like guaranteed prize? I doubt anyone would say no to guaranteed prize. But freerolls are mainly targeted for new users or learners. Otherwise you wouldn't find a lot of experienced players in freeroll games because it is not worth their experience and time.
However for a nube like me, I would almost always prefer freerolls because I will learn the game without lossing a dime. So the preference actually depends on an individual's level of expertise really!
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