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2681  Economy / Speculation / Re: Bitcoin - is the bottom in? on: February 23, 2023, 09:36:59 AM
~snip~
That said, the bottom should be in. Those guys who still wait for 10k to buy bitcoin are tools IMO. They're spreading FUD hoping that people will react to their bullshit.

There will always be those who will think that the price of BTC is too high, and I don't think it's realistic to expect that to change - the only thing that changes are the numbers. When Bitcoin first touched $10 000 some thought it was only a matter of time before it would drop below $1000, and we know that never happened. Now some people are dreaming about $10k, and all they got is $15k+, and I believe that they are quite nervous lately, considering that things are not going the way they imagined.

FUD is no longer as effective as before, because over time people learn not to react to everything they see in the media, although it is always easy to convince beginners of almost anything, especially those who get information exclusively through social networks that are full of "experts".
2682  Bitcoin / Bitcoin Discussion / Re: Strike added Philippines to the "Send Globally" list on: February 22, 2023, 04:22:32 PM
It seems Filipinos have reason to be happy lately, at least when it comes to Bitcoin related news - because they definitely did a good thing by positioning one of their islands (Boracay) as a popular tourist destination where Bitcoin is accepted in hundreds of places across the island. Perhaps we can complain that these payments are not carried out directly on-chain, but things simply have to be simplified for the average person to accept them.

Strike has only one "flaw", which is that it is only available (for sender) in the US, with the exception of some federal states.
2683  Economy / Speculation / Re: Bitcoin - is the bottom in? on: February 22, 2023, 03:45:48 PM
~snip~
But for anyone that do not have the mind to sell bitcoin soon but waiting for months or years before selling, the person can buy now or start DCA which is better.

The OP actually practices DCA, although he is concerned about his average price, which of course increases as the price of BTC goes up. The thing is that some people would very much like to extend the bear market because they want to accumulate more at lower prices, but from what we see now, it seems that we have already touched the absolute bottom.

Waiting for another crash is always an option, but I wonder how realistic it is after all the negative things that happened last year? I'm not saying that something bad can't happen again, but realistically speaking, we are on the road to recovery, not only when it comes to Bitcoin, but also the global markets.
2684  Economy / Web Wallets / Re: Thought one of my online wallets was hacked and robbed on: February 22, 2023, 03:16:37 PM
For the first 4 days that was the biggest one with me and maybe still is as to how my 2fa could be switched off, they would first need to get around my 2fa to switch 2fa off if you get my meaning.

If you search a bit online you will very easily find a lot of information on how to hack/bypass 2FA, so although I'm not claiming that it happened to you, you have to admit that someone managed to find a way to disable your 2FA protection - here's an example of how it can be done, and keep in mind that the article is from 2018.

The reason I mentioned the £23, £46 and £65 sums is that it could have been a sign that blockchain.com's software had screwed up.

Very easily possible, because I also used that service in the past and I encountered all kinds of situations, even with incorrect balances.

But I have to admit now the biggest clue is the Electrum thing, only 6 items logged in it's entire 2 year history and they happened within minutes of my money vanish in blockchain, but what is the connection, nobody can give me an answer

From your introductory post, we can conclude that you had certain problems with blockchain.com around 2021 and then you decided to install Electrum - and then I assume you used the option to enter your seed from blockchain (or maybe you just import your BTC addresses and created a watch-only wallet)  - do you remember if you did that? This would explain the fact that you see identical outgoing transactions in Electrum and blockchain.com - because they both share the same seed, that is, the same addresses/private keys.

If what I wrote is correct, then the only question is whether you left that seed unprotected in any form and someone managed to get hold of it - or are you a victim of some other exploit that exists on blockchain.com.

It probably has nothing to do with your case - but it reminded me of something from the past -> Blockchain.com scam - lost funds
2685  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin [eventually] collapse? (scholar’s opinion) on: February 22, 2023, 02:17:37 PM
~snip~
So that's why I am appealing to the crypto community - it's time to stop 'disruption' narratives and start 'creation' narratives. Application narratives. Cryptocurrency is not money - it is a unit of account in the decentralized infrastructure for dApps.

In other words, you want Bitcoin to become something that would suit you the most, and that would be some kind of endless creation of applications and tokens on which people like you would profit  - unless you left a lucrative job as a lawyer to become some new Satoshi or rather correct (according to you) his idea of Bitcoin as a currency?

If you think that your idea makes sense and that you will save Bitcoin, you have the option, like many others, to make a fork and convince people to follow you.



Look, I don't know how deep you understand the potential of blockchain based applications (generally speaking, including smart contracts specifically as a kind of blockchain based app). I spent four years 2016/20 conceptualizing a design of a blockchain based real estate registry. In 2021, I was invited to speak before the 'Fintech' Committee of the Australian Senate

You Australians really have strange intentions when it comes to Bitcoin, I mean considering a so-called doctor from that same country claims to be Satoshi - are you perhaps in some kind of family or business relationship?
2686  Bitcoin / Bitcoin Discussion / Re: What do you think will happen once Hong Kong legalizes bitcoin? on: February 22, 2023, 11:44:24 AM
Taking into account what @LogitechMouse and @Despairo wrote in their posts and what can be read in the linked article, I do not see how all this that is announced will increase the legality of trading in HK, especially in the context of the fact that the new regulations are aimed at HK residents, not foreign nationals or companies.

In addition, there is also talk about "Asian currency-based stablecoin", which is a scenario that has already been seen in many cities around the world that have used "Bitcoin" to actually promote their tokens/stablecoins. And finally, I wonder how China will react to such decisions, because regardless of its status as a special administrative region, the communists in Beijing will not be thrilled that such things are happening on their doorstep.

However, considering the current situation in the China - Russia - US relationship, I assume that CP's focus is elsewhere.
2687  Economy / Speculation / Re: All of the World’s Money and Markets in One Visualization on: February 22, 2023, 11:14:08 AM
Out of curiosity, can you name a few of such?

I'm trying not to influence anyone (especially beginners), so I didn't want to explicitly write "Bitcoin" - but in the context of the bonds I mentioned and the period we're in when it comes to Bitcoin, I believe it will far exceed the previously mentioned 3% (or even a little more) in the next two years. Of course, I am concluding this or rather speculating based on the fact that I have been familiar with how things work for a long time and I hope that the next halving will have a similar effect as the previous ones, and accordingly I expect at least x5 on the current price at the next ATH.

Of course, risk is always present, but no matter how safe an investment is, no one can persuade me to lend money to someone and be happy that they will pay me back in 2 years with an interest rate of 3% - and we have already mentioned that inflation will undoubtedly void any profit.
2688  Other / Beginners & Help / Re: Everyone Eventually Buys at the Price they Deserve on: February 21, 2023, 04:44:57 PM
Last year, when Bitcoin was down at about $16k–$17k, I screamed, I shouted, I appealed, and I persuaded all my friends and colleagues to get it.

Are you a financial advisor or something similar? If you're not, I don't see any good reason why you would behave in the way described above, because why do you want to be responsible for other people's finances? Investing doesn't end with someone buying Bitcoin, what about proper storage and security?

Some are IT professionals, some are business owners, some are investment bankers, and some are government employees. I offered them the best strategy to get in easily without any stress: the dollar cost averaging strategy.

It seems that money is not a problem for any of them, and it seems that they do not even need to invest in something like Bitcoin - because much more interest in Bitcoin is shown by those who belong to the middle or lower class. In addition, bankers and government officials are mostly against the idea represented by Bitcoin.
2689  Bitcoin / Hardware wallets / Re: Ledger Nano hardware wallet Phishing email about KYC out there on: February 21, 2023, 04:12:19 PM
Does this e-mail comes from their official e-mail account, like what happened to the DHL phishing e-mail that just happened recently, or is this just another random user pretending to be a Ledger support as usual?

What you are suggesting is that someone has compromised the official Ledger e-mail and is using it for phishing/spam? It's not about that, but surely about some poor scammer who got hold of the database and is trying to get hold of personal data, which he will then use to register on various online services and resell those accounts on the black market.



Has anybody received weird emails with numbers and just an attachment? I believe that's from the data leak as well, where they got my contact.

I received them a couple of times, but they were in the spam folder, which I check at least once a month in case some of the legitimate e-mails are redirected there. I think that the sender of these messages wants to confuse the recipient in such a way that if the message is not clear to him, he clicks on the attachment - although this is only my assumption.
2690  Bitcoin / Bitcoin Discussion / Re: Revisiting Bitcoin ATM Data and Current Growth World Wide on: February 21, 2023, 03:50:24 PM
Is it possible that if the ATM transaction fee is not high, the ATM maintenance can be possibly handled accurately?

The fee does not exist only so that the owner could maintain the device, but also to make a profit and pay all other costs. The actual maintenance costs probably depend on how well the device is made and what software solution it uses, and if there are no major problems then these costs should be minimal. High fees certainly cannot have a foothold in high maintenance costs.
 
About privacy, I do not expect what is in the public not to be regulated.

It is not a matter of regulation, but of the fact that anyone who accesses such a device can become a potential target of a physical attack, whether it is a direct attack or following a potential target to his home and attack later. Criminals are increasingly interested in people who deal with cryptocurrencies, because finding the right target means a potentially big catch - and if we take into account the risk they take in such an attack, it is better to attack someone in their private apartment/house than to rob a bank or something similar.
2691  Bitcoin / Hardware wallets / Re: Ledger Nano hardware wallet Phishing email about KYC out there on: February 21, 2023, 12:07:30 PM
The firmware upgrade thing is a tender subject, because it is a nightmare ... or rather it was a nightmare to upgrade the firmware for the Ledger Nano ..the last time I did it.   Roll Eyes

In that case, you didn't do it for quite a long time, because in that regard, things improved to the point where it became a very quick and painless process. I say this as someone who, like many, had a very bad experience with it in the past.

As for scam e-mails, I stopped paying attention to them a long time ago, and I marked even legal e-mails from Ledger as spam, so I got rid of that hassle.
2692  Economy / Economics / Re: Keanu Reeves says Principle behind Cryptocurrency is Amazing on: February 21, 2023, 11:50:23 AM
~snip~
And I pity the people who invest in something that got promoted by a celebrity.

It's not that I don't care that people lose their money because they very easily fall under the influence of celebrities, but obviously for the majority of those who want to invest their money, it is very important that someone else be the one to decide for them, because in case of failure, they will blame someone else more than themselves.

It's all a bit funny to me sometimes, because it seems to me that just one announcement from a famous person can convince thousands or maybe even millions to do something that has no logic at all. But in the market there have always been those who act like wolves, and those who act like sheep - and we all know how the latter end up when they play with wolves.



~snip~

Are you sure you understand what this is about? KR did not mention Bitcoin or blockchain, and all this other talk has nothing to do with decentralization, and it is even less "amazing" considering that at least 9 out of 10 of these projects will end badly for investors.
2693  Bitcoin / Bitcoin Discussion / Re: Revisiting Bitcoin ATM Data and Current Growth World Wide on: February 21, 2023, 11:10:50 AM
I can't even imagine why people desided ATM is a good idea

Why would that idea be bad if it allows people to buy or sell Bitcoin in a very simple and familiar way? Although regardless of the fact that the idea itself is good, some things that are included in that idea are not very good, and I mean mostly very high fees and possible violation of privacy. Each service therefore has its own advantages and disadvantages, it is a matter of personal choice what one chooses, or whether one has a choice at all.
2694  Economy / Speculation / Re: All of the World’s Money and Markets in One Visualization on: February 21, 2023, 10:57:32 AM
In uncertain times, when the global recession is expected, 3% on cash, even if below the inflation rate, is still a sensible choice for someone who does not want to take high investment risk.

There is logic in what you say, especially if interest rates on time deposits in banks are between 0.5 and 1%, so that 3% (or even a little more) does not look so bad. However, when you look at the minimum investment which is 500 EUR, and after 2 years you will get about 530 EUR + if you need the money before the bond's maturity, there is a high probability that you will get less money than you invested.

It is far from the fact that I will advise someone what to do with their money, but I know that I would rather invest in something else that can very likely bring me a profit of at least x2 or x5 in the same period, regardless of the risk that always exists.
2695  Other / Meta / Re: Newbie account got a username change ! First one in my eyes on: February 21, 2023, 10:33:21 AM
Too much noise for nothing, as if changing the name is something that happens rarely, regardless of whether it is a Newbie or any other rank. The only thing that plays the biggest role in whether someone's request will be approved is whether someone is asking for it to protect their privacy or if they just want a new nickname because they don't like the old one.

Some members have been approved for a name change more than once and I don't think it was ever a problem as long as the reason for the change was justified.
2696  Other / Beginners & Help / Re: What is your profit taking strategy? on: February 20, 2023, 04:40:37 PM
~snip~
Just wondering what everyone else does when it comes to taking profits?

Who says we all have the same goal? I'm not saying that I wasn't once in your shoes, but the whole point is not that you only care about profit, but that you sometimes try to use Bitcoin as a currency - there are certainly some things that you could buy/pay for online.

If you only want to make a profit then try to play it safe, buy during a bear market, start selling when we are in the middle of a big bull run and keep doing it as the price rises. There is no other great wisdom in all this, because it all boils down to how consistent you are and how well you know how to judge the moment, and of course whether you can control your greed.
2697  Bitcoin / Bitcoin Discussion / Re: I want to surprise a friend on: February 20, 2023, 04:11:40 PM
I agree with some of the members who pointed out that we already have topics like this and that everyone should use the forum search option more - but for me, the fact that someone wants to give something to someone as a gift is not a very important issue here - I would first ask myself how to do it on a safe and appropriate way so that everything is not in vain.

In my opinion, it would be appropriate to first gift a hardware wallet to a friend or teach him how to use a non-custodial wallet, and only then consider a gift in the form of BTC. Of course, all this in order to prevent the surprise from turning into an unpleasant surprise in the future.
2698  Bitcoin / Bitcoin Discussion / Re: Does anybody know the documentary starring theymos? on: February 20, 2023, 03:44:02 PM
Lol, I also noticed that and it made me laugh a lot =)))

I used to laugh at such posts, but when you read at least a dozen of them every day, you realize that you only have two options - ignore or report to moderator button. In any case, I hope you find what you are looking for Wink



Funny, I PMed theymos telling him that people are trying to dox him.
---
I would still suggest you not to disclose personal information here, maybe try investigation board, because it's hidden from google and scrapers.

I don't know where you see someone trying to expose someone? All the information in this thread has been publicly available for years, and anyone who knows how to use the forum search engine or any public search engine can find this information. This nonsense about someone deleting every post or thread in which someone's name is mentioned is pure nonsense, because the thread I quoted has existed since 2011 and do you really think that the admin would not have removed it by now if he considered it necessary?

In addition, he shares his first and last name with dozens of other people, and most people who would like to investigate further would get stuck at that step.
2699  Economy / Speculation / Re: All of the World’s Money and Markets in One Visualization on: February 20, 2023, 11:44:46 AM
I'm not saying it'll be easy for Bitcoin at all. I'm just pointing out that there are still opportunities and rationale for further growth. But anything is possible, it could get replaced by Dogecoin for what we know Smiley

Of course it is possible, to the same extent as it would be possible if Mr. Mars contacted me and offered me a golden ticket for a trip to his dearest planet Grin

Joking aside, we shouldn't be fooled by the fact that anything other than fully centralized crypto projects can get global political support - and the average person already today has a hard time understanding the difference between Bitcoin or CBDC and will always choose something backed by the state rather than something like Bitcoin.

Here, as an example, I will state that for the first time in history, my country is issuing state bonds, the purchase of which ordinary citizens will be able to participate, and the interest rate is about 3% with a maturity of 2 years. I don't have to tell you that the interest is significant and that it might not be enough for everyone, but to people it seems like a smart investment.
2700  Economy / Economics / Re: Bank of Russia to Pilot CBDC in April on: February 20, 2023, 11:25:54 AM
Russia desperately needs means for the various countries pay for the gas and oil they still manage to sell. And if those payment methods are under the radar, even better.

Russia has been talking about digital currency for a long time, but I don't think it will be some kind of payment method that will help them trade with other countries - because realistically, despite all the sanctions, they manage to trade with countries like China, India or Iran.

And related to the population.. we see most of the Russians do whatever they're told to do. So CBDCs for population will be a great success (if no notable errors will be there and some hackers will become billionaires overnight).

It's no secret that CBDC only means more control over finances and the loss of all privacy for ordinary people, so I think that's the main goal. Ordinary people will have the least benefit from it, but as you say, in that country, ordinary people are not asked for their opinion, similarly to China.
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