Nobody knows what will come for Bitcoin in future. I only knows that there will be more Bitcoin blocks mined by Bitcoin miners and the network will continue to lively run and my belief goes to The bullish case for Bitcoin. Recent months the hottest trend in Bitcoin community is Bitcoin Spot ETFs and price rises a lot because people thought there will be Bitcoin Spot ETF approvals from SEC. I don't know when SEC will approve a first Bitcoin Spot ETF in their nation but logically, with approved Bitcoin Futures ETFs, they have no reason to refuse Bitcoin Spot ETFs. I know one more thing, a Bitcoin halving will come next year in April and Bitcoin will have a bull run with a halving. History will be repeated again and halving is a good catalyst for a bull run.
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I am sure no man in this world will say out their recovery key, and it's almost impossible to talk about the private key, especially Bitcoin Wallet.
The name technically means a lot. Private key, yes private, anything private must be kept secretly and only the owner knows it. It is not a public key, public address to share to everyone. How to back up a seed phraseWallet security tips
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4-year cycle is a rough saying because two bull runs can be shorter or longer than 4 years but I see no big difference for true holders.
I say this point to help people who still think a next cycle will be exactly like pwst seasons, they might miss the bull run with very good entry. If history repeats, a new bull run will come like 6 months after halving but if history won't repeat itself this time.
Like the bull run will start a few months sooner even before the halving. It only causes difference if people hesitate to buy and wait for halving to start buying.
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I have had a very bad experience with the stop loss. It is a nice tool to mitigate losses and it is also a good tool to prevent wins. At times I feel that someone watches to see where you place your stop loss and trigger it and after which the market will reverse to profit immediately.
You can avoid liquidations from exchange by stop loss or stop limit order. Stop limit order is better than stop loss order because it is like double layer of cut loss for your position. Stop loss order can fail to be fill but risk of failed order will be less with stop limit order. About exchange liquidation, it comes from peaks and bottoms or a price channel and exchange formula for liquidation. They don't care about your order and your positions when liquidated will be only one of many liquidated positions. I'll rather trade with 1k without leverage than $100 on X10 leverage
Hold, trade with spot or just hold, don't trade is better. I agree that leverage is risky and x3 or x5 leverage is already risky enough to avoid.
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- Too much monitoring of the chart: before you place any trades use a margin you can afford to lose, so that once you place your trade, you set your exit point, take profit or stop loss you wouldn't be checking your chart steadily, because by doing so, you emotions will come into play if it's a margin you can't afford to lose, try as much as possible to trust your analysis, leave it to play out if you want to make good money from the market if it's going your way.
Biggest mistake of traders is Do not use Stop Loss or Stop Limit orders. Those order types can help them to avoid big loss when the market moves very quickly, crashes with very panic selling from other traders and liquidations from exchanges. One of best weapons in trading, Stop loss order. Stop limit order, what it is and why investors use it.What is stop limit order. Another mistake from trader is they use Margin, Leverage. They believe they can get rich quickly with margin, leverage, futures but they get poorer or bankrupted.
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If a person does not plan to invest in bitcoin, hold bitcoin for a long time, receiving Bitcoin through salary or pension payment will not be cool for them. Because they will have to move their bitcoins to an exchange, sell it, lose some money for on chain transaction fee and trading fee. We have to take into account volatility of Bitcoin price too. For those non Bitcoin investors, they don't like it.
If a person is an Bitcoin investor, it is cool to receive salary or pension directly in Bitcoin. It means more if they don't have to be charged on chain transaction fee as a deduction of their salary or pension.
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Just because the exchange has been hacked doesn't mean it's not worth using. The key is how it behaved towards its clients at the time of the hack. Whether it passed on the losses to customers or not. Kucoin lost 300 million and no customer lost even a cent. Even Binance was hacked some time ago.
Their reputation can be built by hacks and how they compensate their users after hacks. I knew about Poloniex in the past got hack but they compensated their users fairly and became a biggest cryptocurrency. They lost that position to Bittrex because of poor infrastructure expansion to satisfy massive user explosion in 2017 but it could be their dirty games to kill their users in margin through lag times too. Bittrex later lost their position to Binance and I believe you knew all about that. Thank you for mentioning Kucoin exchange. When they were hacked, they were not a big exchange like now.
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I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion Did you read? Satoshi's lesson. Satoshi Nakmoto Institute archives literature about Satoshi Nakamoto. The complete SatoshiIn Bitcointalk, you have a big list of topics on Satoshi Nakamoto. I gathered every Satoshi Nakamoto thread. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?
Bitcoin now is bigger and stronger than in 2009 and a few years after that. It does not get it after one night, immediately after the Genesis block but it gets it slowly with time. You will understand more about it after reading The bullish case for Bitcoin.
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There are already people who have created blockchains that are “faster” and “better” than Bitcoin. They have blockchains that are everything different than Bitcoin that you could imagine. However, the problem is always decentralization and fair distribution. This is where Bitcoin will always be King and why it isn’t easily replicable.
Decentralization is only seen in Bitcoin. None of altcoins have decentralization and fair distribution is harder to achieve by altcoins. They have centralized teams even not anonymous and usually have considerable coins premined by founder teams or minted with smart contracts. With unfair distribution when their blockchains initiate, it is impossible to see fair distributions years after genesis blocks on altcoin blockchains. Because their chains are centralized, rollbacks are big risk like Vitalik team did after the DAO hack and in 2022, some Solana blockchain based projects wanted to do the same or Binance Smart Chain can be halted by Binance team anytime.
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Crypto itself is an investment already. Form of investment on the other hand is a different thing to talk about. But if it is general preference, then I’d say I prefer using fiat on my investments outside this industry, and let my crypto investments still. There’s no need to choose if you can engage to both. Crypto in the first place still has its limitation with regards to its accessibility, acceptance, and usage. With FIAT as a medium to investments, it also has its pros as well such as having a fixed value of exchange, which I prefer more especially with stocks and some real estate properties.
Fiat currencies are stable if there is no inflation or black swan events like wars, political issues to cause decrease or increase of purchasing power. Most of time, fiat currencies are not investment but only storage of asset. They are even less likely investment and people have better choice like gold. Bitcoin and cryptocurrency with high volatility can be promising investment assets but there are risks with them. Risks with altcoins are bigger than risk of Bitcoin. Many people don't invest but they only speculate or gamble without much deep knowledge, diligent research and without risk management for their capital.
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In the future Bitcoin will be the whales game in terms of transaction fee and many people who don't have a lot will have to look for other means, it's going to get worse with the existence of Ordinals on the Bitcoin network, I have said this few times before, the existence of Ordinals will make Bitcoin transaction fee in the next bull market less enjoyable, you should all be prepared.
Bitcoin protocol can be upgraded and fee rate is not like a very big change so when Bitcoin price is too high and 1 satoshi has high value, I believe there will be new Bitcoin units, smaller than satoshi. The new smaller unit will be used for fee rate in future. Bitcoin users will be able to pay affordable transaction fee and I believe Bitcoin developers can do better than Ethereum developers. Since 2009, after appearance of Ethereum, smart contracts, Bitcoin blockchain is still the best to move fund with best secured network against 51% attack, no censorship and transaction fee is cheap, competitive than Ethereum and other blockchains.
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Well ...I think it's time for Ten Hag to actually leave United because this team has lost all identity it had as a big club and if they will keep Ten Hag , United won't even be a top 7 team by the end of the season. More than this , I'm sure they won't even move further in Europa League as UCL is already game over for them and the problem is that we are still early in the season and United already failed on all categories . I also think that some certain players are not for Premier League intensity and a few transfers would do good in winter. In the last season they lost in Europa League under Sevilla and with poor performances they shown so far, it's hard to think they will make something big in Europa League if again they have to play there. Big, maybe big defeats in Europa League, are possible for Manchester United. Bruno Fernandez is assigned their captain band but he is a good player, helpful for them if he is not their captain. With that role, Bruno no longer plays as good as he used to in previous seasons. What I am most shocked is a terrible decreasing performance of Marcus Rashford. He in this season and the last season is very different player. I can not find understandable reasons how the player lost his confidence after a few months.
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How will it affect your life if Bitcoin price comes to zero per Bitcoin one day? I have seen most of discussions related to Bitcoin price on pessimistic side only. But we should look at all the possibilities.
It won't happen because with Bitcoin, there is NO MINT function like smart contract altcoins or tokens. There will be never sudden massive appearance of new circulating supply like Do Kwon did with Terra and LUNA token (now is LUNA Classic LUNC). Without black swan event like this, Bitcoin will hold its price very well. The trading volume of Bitcoin nowadays is big enough to avoid massive dump from market manipulation like what you are worrying. How is the 21 million Bitcoin cap defined and enforced?Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.
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Newcastle always has surprises, Manchester United shouldn't underestimate it, after all, without having to underestimate it, Manchester United is indeed in a bad condition and there are many players who cannot be relied on to recover the situation, Bruno and Rashford also couldn't do anything, even scoring one. goals look difficult for them, it is true that Manchester united needs a lot of changes to become better.
Why you don't say the opposite? From squads of two clubs, Newcastle United underestimated Manchester United by using their second team and they were very confident that their second team can play well against Manchester United. Manchester United did not underestimate Newcastle United by using many main players. I know they let some star players on the bench but it does not hide a fact that they are more serious with this match than Newcastle United. Ten Hag will definitely be the one who is at fault too because he as a coach has not been able to make Manchester United perform better in every match, before this match Manchester United was even defeated by City with the same score conceding three goals with a score of 3 - 0, I think it was a defeat Against Newcastle this should also be a serious concern for Ten Hag to be able to improve it in the next match.
Ten Hag already admitted his fault after the match and this defeat is another step to open an exit gate at Old Trafford for Erik Ten Hag. Poor performances are consistently coming from Premier League, Champions League to League Cup. I wonder how Ten Hag will be able to keep his job safely?
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Well its called anniversary for that purpose isnt it? Well its likely a never ending event yearly but its okay to talk about that once in a while and remember how people and some great people contribute to bitcoin and even earned a lot from it. If thats prohibited here then this topic should have been deleted anyway.
Yearly anniversary helps people to know about Bitcoin White Paper. By reading it, they will see difference between Bitcoin White paper and altcoin white papers. Altcoin projects attach many promising vision to their white papers which never turn to real achievements. In contrast with them, Bitcoin has gained big achievements since 2009 and even many developments have been done, something most fundamentals are in the White Paper like the formula to calculate risk of 51% attack. https://blog.lopp.net/how-many-bitcoin-confirmations-is-enough
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I think most people put more emphasis on the Genesis Block from 03/01/2009 and so the celebration is focussed around early January every year.
The Bitcoin Whitepaper was a BIG announcement to whoever listened in October 2008. Its still interesting to read it today.
Without the White paper, no Bitcoin Genesis block and it makes the White paper important. Bitcoin protocol can be upgraded and Bitcoin has been developed a lot since 2009 but the White paper is where it was kicked off even before the Genesis block. The origin of something is always most interesting and it is the same for Bitcoin White Paper. By celebrating the Bitcoin White Paper, we can spend some time to read Satoshi's lesson.
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I know this faucet longer than this forum, the name of the faucet is freebitxxx. It's best if we don't need to mention it clearly because that's not the issue I'm going to ask about.
So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?
I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?
Faucets nowadays give you very tiny amount each claiming time and like you shared, it's 0.0000006 BTC for one claiming time. It does not enough to pay on chain transaction fee too. Faucets have min time between two consecutive claiming to avoid exploitation and they also have a min amount for you to submit a withdrawal request. It is a time when they will proceed coin to your address. If it is a faucet from casino, it is usually free coin for you to make small bet and it is a main purpose of casino faucet.
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I disagree with people who are fans of YOLO but I agree that life is too short.
I would like to make saving that I will use to invest in Bitcoin but I don't hope to be billionaire with Bitcoin. If Bitcoin can help me to be richer, get a better wealth, it is enough for me. I will use some of profit from Bitcoin to enjoy my life that is what I agree with YOLO philosophy. It does not make any sense if we live a life without enjoying it when we have money.
But I disagree with YOLO that living without plan for future, saving for future is so risky.
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I received deposits on my electrum wallet which was in watch only mode. Looks like the electrum wallet created a new address and send my coins there.
Watch only wallet is for watch, watch your wallet balance, transaction history and nothing more. You can not send your bitcoin from a watch only wallet. You can not create a new receiving address with watch only wallet because no private key there. You can import another receiving address but again, it is watch only. However its unclear how do I spend now given those funds were transferred to another address for privacy.Can someone guide?
You will have many points to improve privacy for your Bitcoin transactions https://blockchair.com/bitcoin/privacy-o-meterGeneral guidelines for sending BTC transactions
Blockchair can not help you improve the privacy of your transactions but here are some basic recommendations on how to stay anonymous on the Bitcoin network Don't send round numbers Don't send round amounts. Instead of sending 0.1 BTC, send 0.10125
Use Bitcoin Mixers Mixers add an additional layer of privacy to a transaction to avoid exposing user identities.
Avoid reusing wallets Don't send your Bitcoin change to the same address you use for sending bitcoins.
Avoid including many of your addresses in one transaction Any time you can, try not to send BTC from your various Bitcoin addresses.
Avoid using "send everything" option If you are withdrawing funds from an exchange, it is okay. If you're moving funds to another wallet, do not transfer the whole amount to another address. It greatly compromises your privacy.
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I've seen many blog posts describing bitcoin as a ponzi scheme, but looking at the current inflation of fiat it now looks like a Ponzi. Don't know who is the beneficiary in this kind of fiat Ponzi. The earlier generation had enough to buy with few amounts that can't buy anything reasonable today. I also saw Elon in a tweet saying or calling fiat a Ponzi scheme. People suffer to get fiat and lose it on high food prices and products. In a Ponzi, everyone end up losing money, same with fiat. A good number of people around me complain of not being able to purchase product with a fair sum of money they feel is big.
Is Bitcoin a Ponzi scheme? It is not if you read the definition of Ponzi. Ponzi scheme (wikimedia)A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
To do this, Ponzi operators have make promises to their potential victims that by investing money into their scheme, investors will get profit that usually is high enough to be attractive. To get money paying for first investors, it is easy but any Ponzi scheme has to rely on flow of money, inflow and outflow. If inflow is bigger than outflow, newcomers keep coming and spending money, the scheme will continue to work smoothly and operators can pay for late comers. Unfortunately, all Ponzi schemes will end with inflow break by that outflow will become bigger than inflow and the scheme will come to a point of collapse. The whole Ponzi system will collapse quickly at that time. There is no promised from anyone that you will get 10%, 20%, 50% APY with BTC, nobody pay you in any scheme so Bitcoin basically is not a Ponzi scheme but you must aware that some scammers will create their Ponzi schemes and add Bitcoin as one of their used assets for scam.
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