~snop1
For some saving 0.05 is hard, but there are whales who can simply stash 1 Bitcoin and even more.
What would you call those who can afford to buy hundreds or tens of thousands of BTC? 1 BTC is not so difficult to reach in developed countries where the standard is quite high, but in some poor countries it is a wealth that hardly anyone can even imagine. Millionaires and billionaires will always be at an advantage to buy BTC, regardless of the price - everyone else will continue to buy, but the amounts will decrease over time.
As for the OP's question, maybe he has read various analyzes somewhere about how much BTC an individual will need in order to become rich in the future and live the lifestyle he wants, but without knowing where the OP lives or where he plans to spend the future, it is difficult to give an answer to his question. 0.1 BTC at the price of 1 BTC = $100,000 is $10,000, and now the question is what someone can do with that money - for some it's a lot, for others it doesn't mean much. For those who wonder how much is enough, I suggest reading the following thread posted by @fillippone -> A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle? |
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I wouldn't call that a good way to choose any project, least of all the ones you have in mind. A partnership with someone respectable can give a certain importance to a project, but if you look at who the big scammer projects like Kwon&Bankman were in partnership with, then some things can be much clearer.
In addition, each project can claim to be in partnership with someone, but this can only be a simple deception that lasts long enough for the scammers to achieve their goal. Don't blindly believe anything, research and verify every piece of information because that's the only way you can prevent yourself from falling into a trap.
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It's not mine. I just got some sketchy message on telegram. They sent a bunch of seed phrases. Some with tokens still in them, but that had no liquidity on pancake swap. I've seen withdraws on those wallets within the last 12 hours.
Do not communicate with unknown people through social networks, and absolutely do not trust anything even if you receive such messages. If you want to do others a favor, report such users to the Telegram abuse service and maybe their account will be blocked. |
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The majority of us are expecting or at least hoping for a new bull run somewhere after the upcoming halving because there seems to be some correlation between the two. However, what if the economy is in a worse condition than it currently is? We certainly can't expect much growth currently since the market has been going downhill for the past few years, but what if the condition is worse in the near future? Could Bitcoin still thrive?
The OP is also claiming that there's still a possibility of the market crashing again, but in my opinion, Bitcoin is unlikely to fall below $20,000 again.
We cannot say with certainty what will happen to the world economy in 2024 and 2025, but if there is no really big disruption (globally), according to today's indicators, it is predicted that a slightly less turbulent period will follow. Therefore, regardless of everything, halving can still play a significant role in starting a new bull run, although we cannot be sure that everything will play out according to the already seen scenario. In other words, it is logical that we believe that a better period is coming, but on the other hand, it would be completely unreasonable to blindly believe that the price of BTC will explode just because it has always been like that after the halving. |
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~snip~
The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
I would write it in a much simpler way, because regardless of inflation, stocks or even war, most people expect a new big bull run to happen after the next halving, which means in the second half of 2024 or during 2025. As for investors, especially small ones, they all want to invest for as short a period as possible and are looking for some kind of winning formula, but now they are faced with a big doubt because despite speculations that the bottom will be even closer to $10k, the exact opposite happened.
~snip~
That said, I like the idea of DCAing, but now, I will have almost my investment in bitcoin, and the trick is for me to locate the bottom and buy it, then move it to USDT when a bearish trend is established (for holding).
I hope you know about the risk when it comes to stablecoins, because most of them can be frozen regardless of how you store them. I never liked that fact, so although I understand that stablecoins have some advantages in trading, when it comes to holding, I would never gamble in that way. [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets |
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Personally, I don't play on JackRabit but I do agree with coin-investor 6 month is very long time. But are u really not doing some illegal activities?
If don't just say on their public group usually or try to email them one more time
If you already thought of writing something useful, then at least you could have read more carefully what it is about, because the casino is actually called Jackbit, not JackRabit. The thing is that the OP is not aware that he did something illegal, and he is quite right that it is not normal for someone to block his account and that he has to wait up to 6 months to even find out what the problem is. This is very unprofessional behavior and a definite red flag for every potential user. I will never agree with anyone who says that this is something normal in this business, although I know that a lot of people try to abuse online casinos, but they need to implement better protection methods and hire more people to speed up the investigation process. |
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I always believe in second chances that everyone should be given once in their life to prove themselves as we progress being humans we make mistakes once in a while. Jamal made some mistake and he is now repenting which I think is most important. I knew him from last few year and on some occesson we exchanged money and it all went smoothly. He has a good hear. Thats why I beliebve he should be given another chance here to prove himself .
I also believe in second chances and I think that in most cases the majority deserve to get such a chance. But this is not about a second chance, but about a third or as some say a fourth chance for the same member who obviously for some reason cannot resist turning to the dark side. In addition, there is fairly solid evidence that at least one of his alt accounts has been permanently banned, which means that all other alt accounts, including the one for which he is apologizing, should suffer the same fate. |
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Adding to what @Doan9269 has said. With the QR code scanner image that you insert there, I can tell you that 70 to 90 percent of the people who received your sticker don't have time to scan the QR code, and the majority also don't have the scanner. If you truly want to raise Bitcoin awareness and have proven to yourself that you understand a lot about bitcoin and blockchain in general, I recommend taking a risk and organizing a small seminar in your neighborhood, which I believe will have a larger turnout and most people will be enlightened from there rather than simply sharing stickers.
Isn't that a common thing on every smartphone that has a camera? All you need to do is open the browser and select the camera option (icon) and scan the QR code, which is practically the fastest search method compared to entering words or voice search. I do not agree that it is wise to organize any seminars and lectures live, because that way everyone threatens their privacy and security. The OP is trying to find a way to make people around him aware that Bitcoin exists, and regardless of how it may seem to some, I think that's better than doing nothing. Besides, it's about his time and money, and who can say that nowadays he promotes someone and something at his own expense and without any compensation? |
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~snip~
It may be important for people living in China or Russia, but if we look globally, decentralization in BTC mining has always been one of the issues that arose in discussions. Before, the problem was China and the assumptions that more than 50% of hash power comes from there, and today about 35% allegedly comes from the US, while China allegedly still holds about 20%, which again means that two countries control more than 50%. Of course, anyone anywhere in the world can try to mine BTC and I have nothing against that, but I don't think we should worry too much about what Russia or any other country will say on the subject. In addition, illegal mining on a larger level will not go unnoticed anywhere, so in the case of some global bans, I would not place my hopes on it being our back-up plan. |
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Reversing the ban on crypto could be very beneficial for China even due to the fact alone that they're going to be able to harvest more money in taxes. On the monetary control/privacy side, it's not like China can't do their own chainalysis on their people. Pretty sure they can if they wanted to.
Everyone says that China would earn from taxation, but no one says how much? I will not repeat myself because I already wrote something about it in the previous post, but is it about $500 million or $5 billion and what significance would that have in the economy, which according to all forecasts will achieve significant growth this year, which will be measured in trillions. It seems that after all these years, people do not understand that Bitcoin is a much bigger problem for China because of the idea it represents, than any financial benefit that could come from it. A country that censors the internet to an unprecedented extent will never allow its citizens to be financially independent in any way. |
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~snip~
Well, this could be a good start for Philippines to finally adopt bitcoin as this could bring huge benefits not only to bitcoin users alone, but to the country’s economy as well.
I think that this example is proof that adaptation does not necessarily have to come from the top of the political power, but can be successfully carried out by an individual with a good idea - of course, provided that such things are not prohibited by law. Some may object to the way Bitcoin is accepted on the island, because there is an intermediary who converts BTC into local currency through his app, but due to its volatility, there are rare examples of someone wanting to accept BTC as a direct payment. If the example of Boracay turns out to be successful, I don't see why other tourist destinations around the world wouldn't try the same concept - after all, Bitcoin is a currency and should be used as such. |
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~snip~ The magical payment was made by just taking a loan from a different bank! But, those are tiny details, it doesn't really matter, right?  It's not that it doesn't matter, it just doesn't fit into the agenda of those who want to believe that El Salvador has done something important in its economy by accepting Bitcoin as legal tender. 20+ years ago, that same country rejected its national currency and replaced it with the US dollar, and it's not like that made them a super country considering that they use the currency of the most economically powerful country in the world. The success of a country is not only a strong and stable currency, but much more is the ability of the people who rule to know how to manage complex systems such as a country. Some seem to stubbornly refuse to understand that Bitcoin is not a magic solution in El Salvador or anywhere else in the world. |
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~snip~
I think the media is just seeking Munger's opinion on crypto to make salacious headlines and stir up the shit, because they know what his position on them is quite well. But bash away. Bitcoin will still be here after he's dead.
This is something that is known to everyone who has followed these two, because their views on Bitcoin regularly appear in the media, even though it has long since become pointless to read about it. It's fascinating how much it matters to people what people like Munger, Buffett, Musk, Gates and the like think about Bitcoin - and it's even more fascinating that despite everything some people persistently want them to change their minds. I can understand to some extent that people like you have certain sympathies for these people because you live in the same country, but they were never important to me, and even less when they started poisoning the public with their statements about Bitcoin. Unfortunately, their opinion as very influential people has a significant influence on the formation of public opinion, and to me that is much more important than anything else. However, as you yourself conclude, their time is slowly running out, and one thing is certain - Bitcoin will outlive them and in the future prove that both of them were wrong. |
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We all know that El Salvador and the Central African Republic (CAR) have already adopted Bitcoin as a legal tender. Out of these two El Salvador has shown significant improvement in their economy. They recently shared with the world that they have paid back $800m sovereign debt. Every mainstream media outlets controlled or financed by the big financial institution were against them when they adopted Bitcoin as a legal tender.
What does the fact that Bitcoin is legal tender in El Salvador have to do with the alleged improvement of their economy? As far as I know, that country has not sold a single Bitcoin, and still continues to buy them - while at the same time statistics show that only 21% of people used Bitcoin during 2022. Maybe some things will be clearer to you if you read the following information : The UCA (university institute of public opinion) has just released a survey where Salvadorians evaluate 2022. The survey was carried out against 1.273 people, conducting personal interviews in random houses in accordance to sought quotas by type of area (rural, urban), department (state), sex and age. It sounds conceptually correct from my point of view. The survey includes a specific set of questions on bitcoin, reflected in the first link provided below between pages 42 and 53, and summarized in the second link’s infographic. The data seems to allow us to derive that: - Salvadorians believe, in their majority (81,7%), that their family economic situation has not improved thanks to bitcoin being legal tender. There is also a decrease in those that perceive an improvement, going down from 9,9% in 2021 to 5,7% in 2022. - Only 5,1% considers the general population to be the main (emphasis on main) beneficiary of bitcoin becoming legal tender, whilst over 60% point to the rich/foreign investors/government-president as those being the main beneficiaries.- 74% (*) have not used bitcoin during 2022 (there’s also another 5% that have never used it). 21% declare having used it in 2022. Out of these users, 31,2% have only used it once, 33,8% between 2 and 4 times, and 35% 5 or more times. (*) I guess that there are a lot of people that benefited from the initial 30$ in bitcoin for downloading the Chivo wallet, and that therefore are considered ex-users (thus not engrossing the "never used it" segment). I don't consider 21% of people declaring to have used bitcoin during 2022 a failure, though is we go for those that have used it more than once, the figure drops to 14,5%. Nevertheless, taking into account that it is legal tender there, the heavy user segment is pretty low, meaning that there is still a large gap to cover in terms of practical recurrent usage. The stat lacks a historical perspective of the evolution of the frequency of usage, which is something I hope they keep and compare vs 2023 data next year. See (in Spanish, but with charts): https://uca.edu.sv/iudop/wp-content/uploads/PPT-Ev-Anio-2022.pdfhttps://uca.edu.sv/iudop/wp-content/uploads/Opinion-publica-sobre-el-bitcoin-en-el-anio-2022.pdf
As for me, I think this small country Tonga islands might adopt Bitcoin. They have already as they would like to mine it using the green energy which BTW, they have in abundance and another reason is that the population in Tonga is not that big for large energy consumption. They are interested in training and providing Bitcoin mining equipment to every resident in their country where the population is just 106,858. Do not live in delusions, because it is not the idea of the government of Tonga, but of a politician who is a former member of parliament and as far as I know does not speak officially on behalf of the government of that island. Even if his wishes come true, it won't even be news that will mean anything - because Bitcoin as a legal tender does not mean much. |
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Lugano has been mentioned in connection with Bitcoin for years, but that shouldn't surprise anyone considering that Switzerland is a very specific country where people really practice democracy the way it should be everywhere. I honestly did not know that it is now possible to buy coffee or get a haircut and pay with Bitcoin, considering that before only paying taxes was mentioned, but apparently the project that was talked about last year succeeded in its intention. However, I remember that I was skeptical then, and I still am today, because the guys from Tether got involved in the whole story and in addition invented a local token. For those who are interested in more -> https://planb.lugano.ch/ |
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~snip~
-What happens if the hardware wallet is defective or compromised? Is there an alternate route.
If the HW is broken, and you have a backup (seed words), you always have the choice to make a recovery in a new HW, or in any desktop/mobile wallet that accepts your seed (although this is not recommended for security reasons). In the event that your HW is compromised in such a way that someone managed to hack it, then it's game over because the attacker will send all the coins to their addresses and you will be left without everything.
Defective? Simply contact customer support and ask for a replacement. Compromised? Compromised in what way? Hardware wallets requires a PIN code to access the wallet so you should be fine as long as you didn't pick something stupid like 000000, 111111, 123456, etc.
It is unlikely that someone will decide to guess the PIN and be lucky, at least as far as the Ledger HW is concerned, which will be reset to factory settings after three incorrect PINs, although the Trezor has as many as 16 attempts before the device is reset, so a thief would have a much better chance to guess a very simple combination. |
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But why do people lose faith so early? I invested at a time that btc was worth more but I would never consider selling out for less. I will just ride the bear market until we recover. Why do companies which are suppose to be very tech savvy and have intelligent experts that deal with investments all the time end up panic selling?
Maybe you should read previous posts? Living in delusion is sometimes even desirable for some people, because they see the world in a completely unrealistic light and interpret events like the one we are discussing from their own perspective. There is no logic here to talk about faith or whether someone understands Bitcoin or not, it is about business moves that certainly have justifications beyond the understanding of the average person. I know that some people find it hard to bear that Mr. Mars is no longer a big fan of Bitcoin, but in fact he never was - and all these losses that are speculated about may not have happened because who knows how much he earned by pumping that altcoin... |
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I can't speak from the perspective of someone who sells something, but as a client I can notice that these discounts are mostly between 5-10%. I think that anything less than 5% is quite ineffective in terms of attracting a customer to pay with Bitcoin, especially at a time when the price of BTC is rising and it is more worthwhile to pay with fiat. On the other hand, at least a 10% discount makes sense, especially if it is a service/product that is more expensive and the customer can save a significant amount to spend on something else.
In any case, discounts are something that can at least attract customers to try paying with Bitcoin, so all sellers should think about it in case they have Bitcoin as a means of payment in their online/physical store.
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With crypto emerging as the "legalize and tax it" version of legalizing cannabis of decades past. Could china's economy significantly benefit from approving and regulating crypto, rather than resorting to hardline policies more closely resembling outright bans?
In past years, we were bombarded with countless news articles claiming china would emerge as the next global superpower to dethrone the united states and takeover as the #1 nation in the world. Now that economic slowdown has encompassed the globe. Can china achieve its lofty ambitions, without harnessing emerging technologies like crypto to boost its economic potential and tax revenues? Could there be criticism made against china for handicapping themselves by outlawing things which might only give them an economic advantage over the long term?
I wouldn't be surprised if a beginner asks such questions, but haven't we already concluded dozens of times that China lost almost nothing by its decisions to ban crypto trading and mining? According to the latest data, the GDP in 2022 for China was slightly less than $15 trillion - and the question for you is how much would China profit if it had a monopoly on BTC mining and all CEXs were located in China? It seems to me that the amount is such that most members of the communist party would not even blink an eye if someone mentioned it. The bottom line is that any policy shift towards cryptocurrencies does not change the outlook for the Chinese economy to any significant extent. I personally hope that they will stay true to their decisions, because Bitcoin only suffered from China, and we don't need a repeat of that story. |
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