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2601  Bitcoin / Bitcoin Discussion / Re: America Wants to buy Bitcoin 20% adults own it, while 29% willing to buy! on: March 01, 2023, 03:13:29 PM
I would say that the survey that comes from the US based CEX on such a small sample does not have too much credibility. These are already old stories in which they always try to create some kind of illusion that tens of millions of people will buy something just because tens of millions of people have already done it before them (allegedly).

It's just an attempt for CEX to promote itself while motivating new potential clients to invest in whatever their platforms offer, all in order to ensure future income. If we know that the US population is about 330 million, it sounds incredible that even 75 million of them plan to invest in Bitcoin in the next 12 months, and so far only 52 million have done so since 2009.

I think the guys went a little overboard, especially considering inflation, people have less and less money to invest in anything.
2602  Bitcoin / Bitcoin Discussion / Re: Invest in Bitcoin by selling wife's jewelry on: March 01, 2023, 02:53:22 PM
Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin.
~snip~

Maybe math is not your strong point, but if you are already doing calculations, then you should know that the x10 profit you are talking about now means that 1 BTC should reach around $240 000 in the next two years. I'm an optimist, but I think it's still a bit too much to expect, because even $100k will be the point where many will sell all or at least part of their BTC.

Besides, I would never sell my wife's jewelry unless it was a matter of life and death, because sooner or later she will start complaining about it, and if by any chance you lose money, you better not appear in front of her. In the end, ask yourself if you have any luck at all in such matters, because it seems that you are in a losing streak that you are trying to end with one not-so-safe move.
2603  Other / Beginners & Help / Re: Trezor phishing scam is in progress on: March 01, 2023, 11:44:19 AM
I am not a Trezor user and I can say that so far I have not received any SMS or call, and we can only guess where the scammer got the database from. Maybe it's the Ledger database, maybe someone else, and maybe someone hacked the Trezor database, but they're not even aware of it, or they're still pretending it didn't happen.



~snip~
- Don't fall for it because it's fake!
- If you are a Trezor user, don't click on unknown links and answer calls from unknown numbers.
It's the oldest trick in the book.

E-mail is the least dangerous here because most of such messages end up in the spam folder anyway, while SMS and calls are something that is far more unsettling to users and can trick them into taking some reckless action. It is easiest to block calls from unknown numbers or even SMS messages in the same way, but not all such calls or messages are malicious.
2604  Other / Beginners & Help / Re: Bitcoin Confirmations... Why they keep coming? on: February 28, 2023, 04:57:30 PM
Even with 1 confirmation we can confirm that the transaction is almost irreversible but platforms have their own criteria like 2 or 3 in casinos and exchanges and 6 too on some platforms.
~snip~

I have come across various "experts" who ask for at least 3 confirmations even for the smallest amounts, but there are also those who have heard that 6 confirmations are necessary for the transaction to be "successful". One thing is for sure, there are a lot of confused people out there, and if you try to explain to them the difference between 1 or 6 confirmations, some will be even more confused.
2605  Economy / Economics / Re: Would You Consider Adding Bitcoin to Your Retirement Savings on: February 28, 2023, 04:01:41 PM
Not in a retirement fund like the ones you mention. Although bitcoin does form part of my long-term savings and investment, and therefore also for retirement, but putting it in a pension fund goes against its very essence, as you are not going to have your private keys. What you are going to do is pay money to an entity to buy financial assets such as shares and bonds, as well as bitcoin, and they are normally deposited in another entity that has custody of them; you do not have custody of them. I think we've learned enough about the risk involved. So I'd better keep my bitcoin and I'll spend it when I retire or whenever I want.

I completely agree with you here, because regardless of the "good intentions" of those who manage pension funds, the question is who will live to enjoy their retirement, and the even bigger question is whether it will be sufficient for a normal life. Most of the pensioners in my country live below the poverty line, and I don't believe that in 20-30 years the future pensioners will live better - that's why we stick to what is the only truth "your keys, your coins".

In addition, we already have failures when it comes to pension funds investing in "crypto" and some teachers in Canada are certainly not happy that the fund "made it possible" for them to lose as much as $95 million.
2606  Economy / Economics / Re: How rich would I be? on: February 28, 2023, 03:36:35 PM
It's likely that you and all of us will be dead by then. As time passes, mining difficulty increases; thus, fewer and fewer coins will be put into circulation. It might sound like a petty amount, but approximately 2 million coins will take decades to be mined.

The obsession with "when will the last BTC be mined" is something I've noticed since I've been a member of this forum, but as you say, 2140 is so far away that none of us will likely be alive to witness it. Of course, it should never be rejected that people will manage to significantly extend their life span or that they will manage to find a way to preserve their consciousness indefinitely and practically become immortal.

As for these slightly less than 2 million BTC that are left, it will not take decades to be mined, but actually less than 10 years, and then only 210 000 BTC or exactly 1% will be left to be mined for the next 100+ years -> https://en.bitcoin.it/wiki/Controlled_supply

I believe that your post is hypothetical, but you should keep accumulating through DCA; anything below $25,000 is basically a bargain. It's unlikely that you or the majority of us will become rich in the upcoming 10 years, but we'll definitely make some decent money by then. 

Everyone will define the term "being rich" differently, but if someone thinks that for a few hundred or thousand dollars invested in BTC in the coming years they will buy a villa, an expensive car or maybe even a private jet, then it seems to me that they are living in a dream that is not realistic. In 10 years, I hope that the price of BTC will be at least x10 of what it is right now - but it should be taken into account that then for $250 000 we certainly won't be able to buy what we can buy today. Inflation is something that spares no one, except of course the super rich who anyway have so much money that they cannot spend it in their lifetime.
2607  Other / Beginners & Help / Re: Don't consider yourself lucky on: February 28, 2023, 03:07:43 PM
~snip~
How many of you are getting this messages? I bring this on this forum because it's nothing new to me, the motive behind this is to confuse new crypto investors that they mistakenly send you this picture.

I have never received anything similar, especially not on Telegram, which I rarely use and which I consider a much greater evil than any benefit it brings. Countless scammers send such messages to millions who want quick and easy money, and anyone who believes that a complete stranger wants to help them get rich will have to learn the hard way that this simply cannot be true.
2608  Economy / Reputation / Re: User @Amph - sale of BCT account via PM! on: February 28, 2023, 11:46:03 AM
We've had people here study screen shots in the past and verify they were fabricated - are any of them still around?

Perhaps you should better read what was written by the one you are trying to defend for some reason, and if he admits that I posted a screenshot of the message he sent, what is this post of yours for? The way I see it, you (and some others) would very much like the one who sells his BTT account to become a victim, and the one who discovered this same member is to blame for the fact that the whole thing came to the public?

You are all wondering if the screenshot I published is credible, and no one has yet questioned whether the screenshot from Telegram is credible or fabricated - although even that has no significance in the whole story, unless someone decided to sacrifice their BTT account to trying to discredit me in some way.
2609  Bitcoin / Bitcoin Discussion / Re: What is the IMF Qualms With Regulating/ Banning Bitcoin? on: February 27, 2023, 04:31:23 PM
They can try to ban it just like China has tried to ban it several times. It won't work.
~snip~

The IMF has no power to ban Bitcoin anywhere, and all it can do is give advice or blackmail those who are thinking of doing the same or something similar to El Salvador. Their negative attitude is nothing that should surprise us, because it would be really incredible if they said otherwise.

To think that such organizations will "promote" Bitcoin in any way is not at all logical, because they will protect the system at all costs.
2610  Economy / Invites & Accounts / Re: (WTS) Selfmade Hetzner Linode Vultr Azure for good price on: February 27, 2023, 03:58:22 PM
The accusation of scam has been made - before trading with OP, read it!

https://bitcointalk.org/index.php?topic=5441432.0
2611  Economy / Scam Accusations / Re: Scammed By Moneso on: February 27, 2023, 03:55:19 PM
Let's put it this way, I hope you learned an important lesson that you only paid $11 for - a lot of other members lost a lot more, so you can count yourself lucky in a way.

As for scams on the forum, you are not far from the truth, because scams on the forum are not moderated and do not expect them to be. Trading with beginners without any reputation is completely frivolous and risky, and if you're already doing it, then don't do it without escrow - even though for such small amounts it doesn't really make sense.

What I can do is warn others about this case and tag that user, but he will continue with his scams, and it is probably not his only BTT account.
2612  Other / Meta / Re: Unban request for borgobio on: February 27, 2023, 03:38:14 PM
Judging by the screenshot you posted, it is possible that the ban is the result of the fact that the post contains links to something that someone has reported as malware. That's just my guess considering that the deleted post shares the same date as your ban.

Regarding the question about the year in the e-mail address, what I know is that the e-mail addresses for hacked accounts were changed in terms of the number of years in the e-mail, but I am not sure that this is the case for banned accounts as well.

Quote
If you are banned
Your ban message may have an email address which you can email. If not, then appeals are unlikely to be accepted.

Recovering hacked/lost accounts



You didn't post a link to your account ->

https://bitcointalk.org/index.php?action=profile;u=324791
https://bpip.org/Profile?id=324791
2613  Bitcoin / Bitcoin Discussion / Re: nft censorship and what power the programmer has on the network! on: February 27, 2023, 03:06:49 PM
@Cz-Silk, this is the english part of the forum, so the links you post should be in English - most of us don't speak Spanish Wink



Quote
"Possible creator of Bitcoin suggests censorship of NFTs"

I think this is the strongest sentence in the article, because it implies that Luke is the creator of Bitcoin, and if we continue in this direction, maybe all possible creators could write their opinion, so every day of the week we would have a new topic about someone's opinion about something that is so stupid and pointless that it's not worth wasting your time on. In fact, it doesn't matter at all what someone thinks about ordinals, because it's a passing thing that some people are trying to profit from, and these are the same ones who have already gotten rich promoting NTF as the next big thing.
2614  Bitcoin / Legal / Re: Cryptocurrency Law in Bangladesh on: February 27, 2023, 11:38:18 AM
~snip~
This means that there is a loophole in the bitcoin trading ban.

I wouldn't really trust the data from the source you mentioned, because it is inexplicable that China is at the top, and we know that BTC trading has been banned there for years. Of course, no one will dispute that there are ways to buy BTC without the authorities finding out, but the extent to which this happens in a particular country is just speculation.
2615  Other / Meta / Re: The curious functionality of "Report To Admin" button from inside PMs on: February 27, 2023, 11:06:04 AM
I sent several such reports, but I never expected that someone would get back to me with some information. A few days ago, I reported a PM in which a member offered me his BTT account for sale, and I asked for someone from the staff to confirm that the PM is authentic, but nothing happened. A simple public announcement in the thread I opened would not take much of anyone's time nor would it affect the security of the forum in any way - and who knows, maybe they are still thinking about it.
2616  Bitcoin / Development & Technical Discussion / Re: How can we make Bitcoin simpler? on: February 27, 2023, 10:49:07 AM
Also I think once banks start allowing bitcoin exchanging like directly on their website that would be huge. If people no longer have to sign up for a crypto exchange but can transfer fiat into Bitcoin straight on their bank account that would really grease the wheels of adoption. I mean obviously hopefully people would have the bitcoin education to then know that they need to transfer the Bitcoin to their own wallets. But like if you don't want to be trading or buying random altcoins you don't need a crypto exchange, if banks just had Bitcoin buying straight from your checking/savings account that would be a really seamless experience for most people.

There was news during the last few years that some banks offered this very service, but if you ask me personally, it's a bad idea because in most cases the bank will not provide anything more than an exchange/custodial service, and that means a potentially worse situation than what we have with CEX. The advantages of banks becoming crypto exchanges would be that clients would not have to do additional KYC with various private companies, and that in banks Bitcoin would be secured in case of hacking, as is the case with deposits in savings accounts which (at least in the EU) are insured by the state in the amount of EUR 100 000.

But that kind of approach to owning Bitcoin would be completely wrong for me, because if you don't own your private keys, you don't actually own anything. Therefore, it might be better to leave banks aside, because as much as it seems that banks would be a system that would allow Bitcoin to become available in a simple and easy way, let's not forget that one of the reasons why Bitcoin exists is precisely to bypass banks.
2617  Economy / Speculation / Re: The BTC deep continues for the next SIX Months. on: February 27, 2023, 10:24:07 AM
It seems to be that this sounds like a pure FUD on the part of the OP.

The OP is a plagiarist, and maybe he uses an AI chat bot, so there's no point in asking him something, because he doesn't even understand what he wrote. FUD or not, we don't need to waste time on these kinds of discussions because they lead nowhere.
2618  Economy / Reputation / Re: User @Amph - sale of BTT account via PM! on: February 26, 2023, 03:48:42 PM

In your opinion he couldn't scam people himself but if he'd sold the account the new owner could do the scam? Are you basing your judgment on "what if"? That shows how biased you are and IMO you shouldn't be on DT with that line of thinking. And you are more worried about your own reputation than protecting the community, you could have just sent him a PM telling him what he was doing wrong and give him a neutral feed back to make the warning more serious, but you chose to ruin him publicly for something you deem untrustworthy which is not even illegal just that frowned upon in this community.

Yes he could have sold the account to a scammer, he had years to do that but he didn't, and nobody got scammed so far, warning people about a potential scam which could happen in the future and which will never happen by tagging him is a poor judgment.

What is a mystery for me, did Amph knew account sales would get him tagged or not? If he didn't know then now he knows loud and clear, if he knew then maybe a red tag is deserved.

You're a bigger troll than I thought, but it's not worth arguing too much with such people, because you obviously have the attitude that things like this should be swept under the carpet instead of the community finding out what really happened.

My reputation is very important to me (regardless of what others think about it), and I will certainly not allow myself to be called into question by protecting someone who did something that the majority of members of this community do not approve (at least in principle).

Apart from me, only one DT member left a red tag, so that also clearly shows that the majority thinks like you - that is, they gave him a second chance.
2619  Economy / Speculation / Re: The BTC deep continues for the next SIX Months. on: February 26, 2023, 03:32:27 PM
Short term thinking is the biggest failure people make in bitcoin. If you can’t invest your fiat into bitcoin & be patient for a few years (preferably even longer) then you are NGMI.

Bitcoin is designed to go up forever, if you don’t have the balls to HODL for years then this is not the right asset to invest in.

In that case, we can conclude that a fairly large percentage of people think in the wrong way, or it would be even better to say that they want to get in quickly and get out quickly with as much profit as possible. I am not at all surprised at such an attitude of an average person who is brainwashed every day by various government officials, especially those who come from central banks and similar financial institutions. When you hear the same phrases being said with ease like "it could all collapse at any moment" or "Bitcoin price could go to zero" it's clear why most people don't want to "take risks" in the long term.

I agree, they Not Going To Make It.
2620  Bitcoin / Bitcoin Discussion / Re: 13 years ago Theymos sold 160btc at $0.003 per 1, lowest price ever recorded on: February 26, 2023, 02:57:03 PM
I don't think they at all need the money, $0.48 is not something that could help actually but I think Theymos and Martti were just testing the market on how a decentralized market works. What would he do to the $5 when he could have asked from a friend and there is no need to sell anything.
But since these happened I guess it's good trivia to tell like Lazlo's which we now in the Bitcoin community celebrate Pizza day.

It's not about whether someone needed money or sold BTC because they were curious or maybe wanted to be recorded as someone who wanted to go down in history, but about the fact that the OP is wrong when he claims that this is the lowest price at which someone sold Bitcoin. In my previous post, I wrote that back in 2009, Martti Malmi sold as much as 5050 BTC for only $5.02, which means that the price of 1 BTC was only $0.00099.
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