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2561  Bitcoin / Bitcoin Discussion / Re: Would Satoshi Nakamoto hide some private key........... on: February 26, 2021, 09:17:40 AM
I don’t think so, sorry to be the bearer of bad news but there are no bitcoin’s hidden on this forum. You’ll just have to do what everybody else does, work hard in a real life job & buy them with the money you earn.
It could have been a good idea to make the community more engaged in the forum to be fair. It is not too late to have that kind of thing to happen in this forum though, maybe select users that share the love of this forum and puzzles could pool their own Easter egg hunt in this forum. Sometimes we need to take a break from doing mundane things even if they are a necessity.
2562  Economy / Economics / Re: Global debt soars to 356% of GDP on: February 26, 2021, 08:35:32 AM
Who do they owe all this debt to?
That was my question too, I couldn't even begin to fathom who does the world owe money. Maybe there really is an extraterrestrial race and the global leaders asks for some money and now they owe this extraterrestrial race and in exchange, they can go to our planet without a visa  Cheesy Cheesy. Kidding aside, this is not the most threatening thing because global debt as far as I know is not something that is being loaned for the purpose of getting it paid back, the people who loaned this are more interested on favor rather than the loan being payed with interests.
2563  Economy / Economics / Re: Nigeria will overtake India in P2P on: February 26, 2021, 07:54:06 AM
I don't think that will happen because India has so much population and the news and information about crypto and Bitcoin is really growing viral and more people are getting into it Grin but at the same time, the ban on exchanges are lifted by the Supreme Court so there are official exchanges which might reduce the P2P transaction if India goes more into pro-crypto. Let's see, what the future holds for countries and their P2P and crypto population Cheesy
You can't disregard the fact that Nigeria is also the second biggest community of crypto users in the world and they have around 20-30 percent of their population using cryptocurrency. If that were India's number then I would gladly say that this topic is nonsense because there are more people in India but the statistics shows that Nigeria is higher than India. I admit that there is an advantage in the population but there isn't enough people that will introduce a lot of people to cryptocurrency, like in my country, there are a lot of people but there isn't enough of a community to introduce and the cryptocurrency is widely stigmatized as a medium for scams.
2564  Economy / Economics / Re: Great reset is done on: February 26, 2021, 07:19:18 AM
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i like the part where you said we can farm our own food because your savings/money cant help you if stores are closed or destroyed due to covid and wars but if you have a garden and farm you can get your food with you anytime of the day  . what is done in here @op what your saying that covid will be forgotten seems unlikely because we still have a covid until now and even if covid is done it will not be easily forgotten in our minds because the damaged that covid cause to humanity are pretty huge  and please dont expect that there will be another bad things that will happen in the future but better if you will only expect for the good .
That is the only way that a family can become sustainable without relying on the economy, grow their own food and have their own livestock. What COVID did is made us see that the current system is not sustainable in long term and that we are on our own when the worst comes. It is a good thing that we will not forget what happened to us and the world during this pandemic, this can help us make a better economic and social system that is more stronger and resilient to this kind of pandemic when it happens again.
2565  Economy / Economics / Re: Richest people getting ready for economic crash on: February 26, 2021, 06:36:35 AM
The truly wealthy elite will never buy into "digital" assets, because they know in a economic collapse, those assets are worthless. They are the people who are buying physical Gold and Silver and also shares in companies that would survive. (Food / Medicine / Alcohol etc.)

Look at what happened yesterday... The big guns inflated the Bitcoin price, but they bought before this happened... then they start dumping and taking profit and the price goes down... giving them a opportunity to do it again. (Weak hands fold quickly)  Tongue
The truly wealthy was ready for economic crash a long time ago and the businesses that they are investing in are on footholds to increase their influence when a collapse happens. Precious metals are just a way for them to curtail the possibility of being affected by the economic collapse, you know, like being able to prevent the collapse while it is still at its infancy. The rich knows how the market works and this manipulation is nothing new, this is what those investment companies have been doing in stock markets.
2566  Economy / Economics / Re: COIN PRICES CRASHING!!! SELL BITCOIN NOW!!!! on: February 26, 2021, 05:57:43 AM
I can't say much for sure regarding the current state of the market, but looking at its downward trend, I guess we can safely say that we are in a dip that may span a couple of days or perhaps even weeks or months. What's really scary about this though is the fact that this could easily spark a panic selling rally among the people which in turn could drop the value even further, though I guess it's good considering that it's going to open the gates for more people to buy.
This is good that they are panicking, this is a great opportunity to buy more bitcoin at lower prices. A dip will always happen in the market and I think that it is a good thing if you know what you are doing when that happens, we know that it will bounce back again and when it does, it goes higher than we could anticipate. It is good because it weeds out people that doesn't know how bitcoin market works and it lets in new people that are more eager to stay than those that panic sell.
2567  Economy / Economics / Re: Great reset is done on: February 26, 2021, 05:25:51 AM
No one can foresee the future but it is wise to prepare for the worst. War is inevitable specially when super countries interest were manipulated. In these uncertain times, COVID surely gives us a glimpse of what could might happened in just a matter of weeks. We were given a sign of the importance of savings that could help us endure the worst.
War and pandemic are a very different thing, yes lose of lives are both present but we know that in a pandemic, there is no real winner because every economy suffers unless you have a very good response to the pandemic to the point that you contained the virus in just a matter of months. War on the other hand is a thing that greatly consumes resources that are instead used for developing the economy, it instead destroys another. Besides saving to endure the worst, we also have to be sustainable as a species, we have to know how to farm our own food and raise our own livestocks and have the basic survival skills. There is a line between paranoid and wise when it comes to preparing for the worst and it is a very thin line in between. War as of this moment is not good for countries participating in it because they know that war is expensive.
2568  Economy / Economics / Re: 'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor on: February 26, 2021, 04:44:24 AM
Of course the bank will say that cryptocurrency is not a legitimate money because they hate cryptocurrency and there's no doubt that they will say such information. We all know that the cryptocurrency is a legit one in which we are earning fiat money or true money in a form of digital currency that we are enable to convert into a real currency. So no doubt that this is a legit one, am I right? As long as we are making money through cryptocurrency I can say that this is a legit, earning fiat money from a digital currency is still a legitimate money.
Well, it is technically not legitimate in any way, cryptocurrency currently lies in the grey area of the financial laws so you can't be sure whether it is legitimate or not. I get that bankers hate cryptocurrency but I think that currently they have a reason to say that it is not legitimate. We can't really be certain that they are wrong or right with what they say unless we understood the subject through every nook and cranny. This is just an argument by a banker, there will still be hearings about this problem and I think that Nigerian government can't just discard the fact that they are leader in the African continent when it comes to cryptocurrency adoption.
2569  Economy / Economics / Re: Coinbase has filled for going public on: February 26, 2021, 03:42:39 AM
This is a wonderful news from coinbase exchange but I can never trust the exchange because they are use to centralized operation and usually folow the rules and regualtion of the US SEC. Besides, I even read an article last year about the numerous of their staff that quit working for them was due to racism.
Having  said that, @paxmao please provide the link the new next time for more insight.
If they are centralized now then you can finally trust them because that means that they everything that they do is already insured and any dealings are almost public so you don't have to worry. I think that it is a good compromise that they are registering in SEC because they can be on the good side of the government and they can grow their company because they can be bought in stocks.
2570  Economy / Trading Discussion / Re: Do you have a Bitcoin exit strategy? on: February 25, 2021, 11:50:07 AM
I always consider the exit strategy from crypto but unfortunately it is not easy, because for me it takes a lot of capital to finally invest outside bitcoin. But it would be better for us to develop a personal business but unfortunately again, I don't have many skills to make a business. With such constraints it is difficult for me to get out of bitcoin, and at least I will continue to put a lot of effort into bitcoin until I finally have a better strategy to exit.
If you don't have an exit strategy, you can just get out of bitcoin by setting X amount of money in your wallet before going out. And you have to make sure that when you get out, you have to get a job or if you have a business for safety net for finances. Too bad that you don't have a skill for business but it is not the end for you, you can still learn some way to do some business, there are self help books out there about entrepreneurship. Other way is getting into stocks and bonds to help make a passive income stream.
2571  Bitcoin / Legal / Re: Russian Government Passes Draft Bill on Bitcoin Taxation on: February 25, 2021, 10:26:54 AM
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The Law "On Digital Financial Assets" contains a lot of contradictions. It is possible to own cryptocurrency, but selling cryptocurrency or exchanging it for other goods is a crime. This is a paradox. There are no services in Russia where you can legally buy cryptocurrency and receive purchase documents.
And on sale, the user can be forced to pay tax without using a deduction of purchase costs, because there are no mechanisms for recording these transactions.
If it contains a lot of contradictions, will the bill be passed? Or if I am understanding correctly, this new bill will help with this contradictions? Pretty crazy that Russians are under this law for a long time and their government thinks that there is no problem with the status quo. Hopefully our Russian members can finally be free from this crazy law that can make their transactions in crypto far easier.
2572  Bitcoin / Bitcoin Discussion / Re: Is only high demand causing the long transaction time? on: February 25, 2021, 09:46:05 AM
Yes to both question unfortunately. The only way that I think that this can be solved is when the network congestion problem with bitcoin network is fixed, there are other problems but I think that the network congestion is the main problem that needs to be solved first.

The main crux of the issue lies with the capacity of Bitcoin. Each block is limited in size and a block is usually mined at an average of 10 minutes.
This is not an issue because that was the nature of bitcoin in the first place, the more blocks are getting mined, the more the next blocks are going to be harder to be mined.
2573  Bitcoin / Bitcoin Discussion / Re: Anyone over here accepting Crypto as payment ?... on: February 25, 2021, 09:05:35 AM
Try to go Service Discussion and Goods you might be able to see what you are looking for there. Those are under the Marketplace if you want to expand your search. There are a lot of suggestions on how to pay in crypto so I wouldn't recommend more but at the least, visit the links that I provided.
2574  Bitcoin / Bitcoin Discussion / Re: The Mainstreaming of Bitcoin and Crypto Continues on: February 25, 2021, 08:20:16 AM
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it can be a pump plan. these companies buy bitoin and then hordes of people follow them in bitcoin purchasing, then bitcoin price goes up. one year ago, I bought bitcoin in the wake of a company, then the price plunge then I sold it and lost money in dump. make judgement by your own knowledge(so you must learn to accumulate knowledge), not be driven by others
That is why I said it is subtle and legal type of pump and dump scheme. The problem with what you did is you followed what the public does, if a panic in the market is happening, you have to do the opposite, if everyone is selling, it means that the prices are going down and you can use that opportunity to buy more bitcoin at a lower price and if the other happens where many are buying, you sell yours because you will get a big profit.
2575  Bitcoin / Bitcoin Discussion / Re: Knowing bitcoin is achievement on: February 25, 2021, 07:36:54 AM
On this forum, if you contribute good posts, you will rank up and you can be accepted by managers to join good campaigns that pay you in bitcoin.
Overview of Bitcointalk Signature-Ad Campaigns [Last update: 20-Feb-21]
The problem with contributing good posts is that you are not guaranteed to be accepted by the managers, and merits are hard to come by. Not to mention that there are only few signature campaigns existing and most participants there are solid so you can't expect any vacancy for your rank for about a month or two, you might be lucky that they are looking for someone on your rank, the only problem is that you need to be an early bird because you are not the only one that looks for a signature campaign.
2576  Bitcoin / Bitcoin Discussion / Re: Bitcoin activity now uses more energy than all of Argentina on: February 25, 2021, 07:01:35 AM
The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation.
You really think that there is enough trees and algae to absorb all the CO2 in the atmosphere? CO2 is not the only byproduct of burning fossil fuels, there are Greenhouse gases present too and I don't think you know that it is bad for the ozone. It doesn't need a lot of manpower to operate a bitcoin mine so your argument on having more jobs available is not valid, try again. The only way that we can't get any environmental problem with bitcoin mining is when we put the mines closer to power source to cut costs like building it together with a hydro powerplant or a nuclear powerplant.
Think of the rise in the price of Bitcoin if the miners had to build their own electric power companies.
If they were to rise the prices to get back their investment in their own electric power, I think that it is fair that the prices increases.
2577  Bitcoin / Bitcoin Discussion / Re: Federal Reserve Bank Of Boston statement! on: February 25, 2021, 06:13:32 AM
Central banks will create their own digital currencies, but they are unlikely to become popular enough.
They will never be popular enough, China tried their CBDC but there seems to be no traction they gained from it. The best thing to do is not to replace something established to introduce something new, the old is good so why change it right? I hope that they realize that fighting this wave by creating their own digital currency will not cause any damage and instead of fighting it, they will just accept it as it is and try to make regulations that are satisfying for the two sides which is the government and the people who use bitcoin and other cryptocurrency.
2578  Bitcoin / Bitcoin Discussion / Re: who controls the bitcoin price? on: February 25, 2021, 05:36:31 AM
Bitcoin users is the primary responsibility about bitcoin price concern.
Bitcoin users will be overwhelmed someday by whales who own a lot of bitcoin but I have to agree with you right now that bitcoin market is controlled by users. This is just a basic of supply and demand, the demand(price) is high because the supply is getting lower because users are hodling their bitcoin.
2579  Bitcoin / Bitcoin Discussion / Re: The Mainstreaming of Bitcoin and Crypto Continues on: February 25, 2021, 05:04:44 AM
It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.

The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".
I would consider it a pump and dump scheme but in this case it is a legal and subtle. Pump and dump is prevalent in stock market so why is bitcoin and crypto market exempted to that fact. Grayscale has been around the market for a long time and I think that they are doing that scheme to make money because they are an investment company. Bitcoin might be a long term investment but if you know how the market works and you have the money to make it move at wherever you want then you can earn while aiming for long term investment.
2580  Economy / Speculation / Re: Bitcoin is dumping, what's the possible reason? on: February 24, 2021, 09:24:47 AM
You can't expect green constantly without any correction. We have experienced exceptionally growth, and this is what to be happened. This is crypto do you don’t expect it only goes one way.
There is also some rumors at whalealert that there is a big transaction going on and the dump will soon be happening. I don't really mind this dump, in my opinion, this isn't enough because some people still find the current price for them to buy so they can hodl expensive, I want this dump to go lower because I have a silly theory that the lower it goes down, the higher it will spring back up.
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