No user avoid bitcoin once after experiencing profit out of it. Most of the time the misunderstanding about the cryptomarket and the illegal activities taking place associated with bitcoin makes people have a negative opinion over bitcoin. This at times make people avoid the usage of bitcoin, but such persons are very low now. The present generation learn and does it with perfect understanding.
Legality of Bitcoin and concerns about the usage of Bitcoins for illegal purposes are some of the main reasons why a lot of people avoid Bitcoin. Other issues are the high number of ponzi schemes which make use of Bitcoin, and the market volatility, along with the difficulty to trade and store cryptocurrencies. This forces a large section of the population to ignore Bitcoin and to rely on more traditional forms of investment. |
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DCA my friend. Buy a certain amount at regular intervals. BTC is at $4000 USD? Buy. It's at $27,000 USD? Still buy. And as is the rule, don't invest more than you can afford to lose.
If you believe Bitcoin will have a much higher price in long term then no price is a bad price. I would perhaps re-consider my stance once BTC crosses $100,000 USD. Right now, at $27,000 USD, I don't think anyone is an idiot for buying. I personally am buying as much as I can every month.
Doing a systematic investment plan (SIP) is a good way to do investment in cryptocurrency. But along with the SIP, you need to have a systematic plan to book the profits, after a certain amount of time. Profit booking is also quite important, when you deal with a volatile asset such as Bitcoin. Having a well defined plan will protect you from panic selling and market volatility. |
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Nah, why bother when we aren't alive during that time when the 21M Bitcoin is mined already? You may be lucky to be alive during that time but I still don't believe that the hard coded 21M cap limit of Bitcoin will be added, unless if Satoshi himself shows up and rewrite those codes. Anyone can say whatever they want but the pattern of Bitcoin market is almost just the same if we look at the chart.
Agreed. The controlled supply principle is there for a reason. If you change the limit on total supply, then Bitcoin will be more like fiat currency. I know that some of the miners are interested in doing this, but it is never going to happen. And some of the noobs are still confused about the mining reward. A significant section of the mining reward comes from the transaction fee, and it will be there even after 2140. In short, the mining operation is never going to be stopped. |
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It is like a double-edged sword. On one hand, you need to take wallet backups frequently, because there is a good chance that you may lose access to your email (which is used to access the wallet) or due to other reasons (such as hacking). But at the same time, storing the backup can be quite risky. If you store it carelessly, then hackers can steal the backup and then get access to your wallet.
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I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party. It will be of hardly any use. Banks operate under existing rules and regulations. In a lot of countries, there are restrictions on using your bank accounts for purchasing or selling cryptocurrency. If the government is hostile to cryptocurrencies, then there is a good chance that the banking license will be revoked. My opinion is that we will be better without any banks. We don't need them. |
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I am in favor of mass-vaccination, but I don't agree with such coercive steps. And as far as I could understand, the government can't prohibit anyone from retail stores if they don't have a vaccination pass. It is up to the shopkeepers to put up such restrictions. I really doubt whether any of them would do that, since it can have a negative impact on their business.
It might be worse for business to have an outbreak traced back to their shop. That depends. If the shop maintains adequate security precautions, such as social distancing, wearing of masks and constant sanitization, then the chances are that there won't be any outbreak even if an infected person enters the shop. Anyway, 90%+ of the infected will be flagged at the entrance, if they use a contactless infrared thermometer at the entrance. |
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hhhhh...maybe you can write all the words in the password in a piece of paper and keep it in a book, which is supposed to be put on the ceiling...will it be safe enough? My advice is that you can't put the words online cause the hackers are skilled and canny  Storing them online is out of question. You need to store them offline, but not in the conventional way. This is what you can do - you can write down the password or private key in a piece of paper. After this is done, you can tear it to two equal parts and then store each of these pieces at different locations. Even if a thief gets hold of one piece, he won't be able to access your wallet, as it doesn't contain the complete pass phrase. |
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~snip~
And it will be interesting to know whether Rahane will remain as the test captain when Virat Kohli becomes available again.
Winning 1 game as captain not going to change anything for Rahane, series win might start some discussion tho. No one should forget that at one time Kohli-Shastri duo dropped him due to couple of bad games. And 2nd wicket down for India.....lol Series win is going to be too much to ask from the Indian team, when they are playing without some of their star players. Shubman Gill and Ajinkya Rahane are batting now and India should be able to get to the target without losing anymore wickets. I was expecting them to reach the target without losing any wickets, but then Mayank Agarwal and Cheteshwar Pujara showed unnecessary haste. Mayank Agarwal has now made a total of 31 runs from 4 innings so far in this series. |
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I agree with you, 2 years is really enough time to understand the trade. But I have been betting only on cricket and football for 2 years. Didn't bet on any other game. And I haven't watched any other games closely. So even though I have been sporting gambling for 2 years, I think my knowledge of sports outside of cricket and football is not enough..
Why there is a need to diversify? If you are good in predicting cricket and football matches, then concentrate on them. Even I don't bet on sports events, where I don't have enough knowledge or confidence. And I am not sure whether 2 years is enough. Correctly predicting cricket/football matches takes a long time to master. You will get better at prediction, with more experience. |
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A very simple target. If Indian batsmen bat patiently without overconfidence, they will win. And the series will return to a 1-1 draw. Although 70 runs is an easy target for India, I hope India's second innings will be very exciting.
I have no doubt regarding the outcome. Congratulations to the Indian players, as they deserve this victory. It was a team effort, with both the bowlers and the batsmen contributing to the win. Now they need to keep the momentum going for the remaining test matches. And it will be interesting to know whether Rahane will remain as the test captain when Virat Kohli becomes available again. |
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Well we do not see the existing projects right now being affected by the upsurge of Bitcoin. But for many people with experience with their trusted altcoins. Many still put their trust on their coins that possibly sometime in next year, the alts will follow with good prices and therefore it will be a normal for them not to be worried and just continue waiting for their coins to increase in price. You just have to wait a little longer.
It will be foolish to expect that altcoins will move upward, without any improvement in the overall acceptability and adoption. Bitcoin recently received a big boost in mainstream adoption, as PayPal and Square have integrated it to their platforms. And that is the reason why the Bitcoin exchange rates have increased during the last few months. But no such good news have come out from the altcoin sector. |
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Obviously for the vast majority of the users, Bitcoin will be their favorite coin. For me also, it is the same. When I first invested in Bitcoin, it was trading at around $10 per coin (although for the purchase I paid around 20% premium in Localbitcoins). The prices have increased by 2,700x since then. None of the other assets, or other cryptocurrencies have given this much returns, in such short duration.
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btc price going up after xrp dump, can anyone deny it ?
Bitcoin prices are going up, but that has nothing to do with the XRP dump. Bitcoin prices were going up even before the announcement regarding XRP came from the SEC. There may be some impact due to XRP holders converting their tokens to BTC, but the main driver is not Ripple dumping. As far as I can see, most of the XRP trade volumes are against USDT, with BTC being a distant second. |
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USDT has the same liquidity as Bitcoin. That is, it is always possible to buy or sell any number of coins almost instantly. USDT is supported by the dollar, with a capitalization of about $ 10 billion, but I have heard conflicting opinions about this. Some believe that this is a Scam.
USDT market capitalization stands at $20.8 billion, and this means that the market cap has increased by almost 400% in just 12 months. And this is what makes a lot of investors nervous about keeping their wealth in the form of USDT. Despite having such a huge market cap, till date they have not agreed to any independent audit of their backup funds. And the lawsuit by NYAG is still going on, regarding the illegal loan taken out from the reserve funds. |
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I was cursing at Indian tailenders when they got bundled cheaply as i was expecting at least 150 runs lead. But damn Indian bowlers doing excellent job and i hope they keep things tight here as 4th inning chase could be tricky so don't give them any chance.
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One more ....................!!
Indian bowlers are looking to be in splendid form, without any exceptions. Australia is still trailing by 33 runs, with just 5 wickets in hand. No one really expected India to have a good chance against Australia in this match, especially without their key players. If they manage to win this one, then it is going to be such a morale booster for them. There is even a chance of a win by an innings. |
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Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.
That is not the case. I have seen exactly the opposite during the last 8 years. Whenever the Bitcoin prices go up, the altcoin prices also show an increase. Even during the current rally, you will be able to notice this. Altcoins such as Ethereum have gone up by more than 200%, which is comparable to the gains made by Bitcoin recently. There may be a few exceptions, but most of the altcoins show an increase in their exchange rates. |
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India picked up three early wickets, they picks up few more wickets to take the advantage. AUS 72/3 now and trail by another 59 runs, anything around 150 could be OK for chasing. I think it's fair enough on this pitch.
Two of the most important Australian batsmen are back in pavillion (Steve Smith and Marnus Labuschagne), along with the opener Joe Burns. India is definitely having the advantage here. Australia is trailing by 42 runs at this point, with 7 wickets in hand. India should be looking towards keeping the lead under 150 runs. Anything above that, the Australian bowlers are going to attack with their full might. |
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It is not really surprising anymore to see people telling their regrets about the things that they should have done early this year. It is easy to regret actually but the thing is we would only do things that depends on our prediction. We could've done things differently if we've seen through that bitcoin's value will rise this high at the end of the year. If you are one of those who didn't prepare properly because you never thought things would end up this way, stop wasting your time on regret, do something that may benefit you while the price of bitcoin is still sky high, for syre there's a way.
I agree. If you still feel confident about Bitcoin, then go ahead and purchase some. Even those who made their purchase at ATH levels in 2017 are in 30% profit now. There is a chance that you may need to wait for a few years, but eventually you will end up with good profit. And this is much better choice than whining about wasting the opportunity to purchase Bitcoin at cheap rates. |
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This is insane how are they able to block you from buying groceries without a vaccine? So if you decide against the vaccine you will just starve to death? This is not right. I understand that they want you take it and are unable to force you to do so. But this sounds like extortion to me.
I am in favor of mass-vaccination, but I don't agree with such coercive steps. And as far as I could understand, the government can't prohibit anyone from retail stores if they don't have a vaccination pass. It is up to the shopkeepers to put up such restrictions. I really doubt whether any of them would do that, since it can have a negative impact on their business. |
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Bitcoin is not a trigger, but an indicator. Even a recession should not lead to the collapse of Central banks, because according to any laws of the market economy, economic growth cannot continue indefinitely and must necessarily be replaced by a recession, but if the government tries to delay this process by all sorts of artificial measures, then in the future it can lead to unpredictable consequences, including collapse. Therefore, it is quite clear that smart people want to protect their savings and more and more people are beginning to see this protection in bitcoin.
People who want to protect their savings will refrain from investing in overpriced assets. Look at the stock markets now. The P/E ratios for many of the stocks are at unsustainably high levels. And this is one of the reason why investors want to put some of their money in assets that can't be manipulated, such as cryptocurrency. But it needs to be seen whether the government is comfortable with this idea or not. They need to keep the stock markets afloat and diversion of funds to the cryptocurrency market will make that task difficult. |
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