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2801  Economy / Economics / Re: Would another war in the middle east affect crypto on: January 29, 2021, 02:28:02 AM
If there is a real, full-scale war between Israel and Iran, the crypto could explode. But I don't want to see it because it will cost many lives from both sides even if the other Arab countries keep neutrality.

War is always a bad thing. Bitcoin will get to $100k in the next year or two without it.
I do agree with you, Israel is the stronghold in preventing an all out war. And I do not want Iran to get into nuclear program because this defeats the purpose of Stuxnet which is a virus that destroyed their hopes of making nuclear enrichment facilities which is created by US. War will never be a good thing, the only one who will benefit is the arms dealer.
2802  Economy / Economics / Re: The narrative behind gamestop and wallstreetbets (a parody) on: January 29, 2021, 01:50:43 AM
I don't think that they are fighting cryptocurrency regarding the Gamestop fiasco. This is just a karma arriving at the doorstep of Mr. Monopoly getting played by the same exploit that he had been using against the hopes of the young generations that wants to get some money in stock market. This is a good thing for crypto though, even if this is the reason that people will not migrate in crypto then they will slowly bleed dry this top hat pigs by defeating their bets on a company.
2803  Economy / Economics / Re: Everybody talking about economy reopen but problem on: January 29, 2021, 01:14:23 AM
Although the idea sounds a little ridiculous, it would be very interesting if the government dared to do this by investing in large amounts of Bitcoin.
But I doubt the government will do that, because as we know it has been more than 11 years that Bitcoin has grown very rapidly. Never mind
investing in Bitcoin, legalizing Bitcoin alone is difficult for some countries to do this. So it is impossible for the government to do this. Because basically,
the government doesn't like Bitcoin, which cannot be controlled.
Don't tolerate the idea, it is a real bad thing no matter what. If they were to do that then that means that if the prices increases then a lot of people will definitely see it as an opportunity to sell their bitcoin which will contribute to the lowering of the prices of bitcoin. The only way to make the economy reopen stronger is to get back to status quo faster and more efficient than ever because the money that was injected is going to be causing a shock if the reopen is too slow, with many people buying the supply but the supply is not getting replenished the prices will definitely go up.
2804  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: January 29, 2021, 12:32:22 AM
Little bit of a crash for the robinhood traders, so sad! When you trust large financial institutions with all your money and expect them to play fairly, do they really have a leg to stand on when they get fucked over?

Not much sympathy here.
It's not that they trust financial institutions, the people that trade in those does not really have that much choice in the first place. I really don't like that move that they did with the halting in the trading because that is a good indicator that those same institutions are not meant to make people money but to be hedge only for the big money people. Good for those hedgehogs that they got their asses handed even just for this time. If this cycle of blatant abuse by financial institutions halting trades because people have been talking about it, then some people will migrate to different market and one of those said market is bitcoin market.
2805  Bitcoin / Bitcoin Discussion / Re: About people that bought too early [and lost them] on: January 28, 2021, 12:24:29 PM
The answer for your question is very simple, they didn't sell those Bitcoins they bought too early maybe because they are not yet satisfied with Bitcoin's price, maybe they were waiting for this very right moment, because selling all of their Bitcoins now is surely a big profit. Luckily he still find his paper wallet, because that's the most important thing to your treasure. I assume that this guy was busy with something else in his life that's why he forgot about his Bitcoin until now.
Don't think so, these people who bought bitcoin back then did not know that it will come this far, if they knew then they would have taken care of their bitcoin and the address as to prevent it from being lost. I am happy that the person still has the wallet, but I don't think that it is being busy that caused that person to lost track of the bitcoin that the person has bought because bitcoin is not a big deal for many back then, maybe that person just jump in and bought some then forget about it.
2806  Bitcoin / Legal / Re: do I pay capital gain tax on trades if don't cash out? on: January 28, 2021, 11:35:33 AM
~
It's not that easy. If he bought on a registered exchange, especially if it was Coinbase or Gemini which report your every move, it's still possible for the government to track his sale and prove that he tried to avoid paying tax. The only way he can be safe is if he also bought on p2p or f2f from someone and sells for cash.
I did say that OP should try to go for a P2P, or maybe put the amount the OP wants to sell to a cold wallet and sell that wallet for X amount of cash. If its not that big of an amount I don't think that the government will bother you for taxes, you are already paying taxes some way or another anyway so I do not think that it is anything that they should worry about.
2807  Bitcoin / Bitcoin Discussion / Re: Bitcoin legit or not on: January 28, 2021, 09:55:58 AM
Well, bitcoin has been around for, like, 12 years now already and it's still standing strong. Speaking from my country, I consider bitcoin is legit. We're allowed to make transactions with bitcoin as the medium. We even have a mobile wallet for such. However, there is no law stating that bitcoin is legal or illegal. But it is allowed.

Anyway, regardless of the country and just by considering bitcoin itself, it's legit enough for me. There will be numerous testimonies that they have been benefitted by bitcoin and I'm one of them. It's legit and real. No doubt about that.
In a legal standpoint it is illegal as there is no regulations or discussions within the government about it. My take is that bitcoin sits between legal and illegal, illegal because there is no clear take by the legal part of a country, legal in a way it is not raising any eyebrows from within the government and the use of it is not frowned upon and the apps that helps in using bitcoin is not banned. I do agree about the legitimacy of bitcoin is regardless of country stand on it, it is subjective after all but it does not mean that if it helps you then it should be legal, everything needs to be on paper before a legitimacy is confirmed.
2808  Bitcoin / Bitcoin Discussion / Re: How would you promote bitcoin if you were Jack Dorsey (twitter's big boss)? on: January 28, 2021, 09:17:22 AM
Content unrelated to Bitcoin is prohibited from posting on Twitter
That seems dystopian company censorship to me, I don't think that suppressing FUDs is a good thing because there will be no healthy discussion among the intellects will be produced, they wouldn't have any FUD to pick apart and prove it to be wrong. I mean, why prohibit something that does not sound good to a bitcoin enthusiast when there are a lot of sexual contents posted in your platform, that's just my two cents. For me, I would just be promoting by saying things about bitcoin myself, the CEO of twitter has a lot of followers and I think that it is enough to produce a chain effect, not to mention that big names also follow the CEO so they might be able to influence bigger audience.
2809  Bitcoin / Bitcoin Discussion / Re: Bitcoin is an investment on: January 28, 2021, 08:38:48 AM
If it is not for spending, why withdraw it? That's 0.0003BTC, probably not something you would not lose sleep over if Bitcoin will continue to plunge for the next days. If I were you, I'd leave it there and even add more Sats as the price is falling.

And also, why would you sell during correction time? Bitcoin's price has gone past $40,000 and you are planning to sell at around $30,000?
Maybe 0.0003 is a large amount of money if OP were to sell it to gain some profit. I wanted to sell at some point, never thought that the 40k was an ephemeral round in the market, but since I have no use for awhile for what I am hodling, I think I will just let it sit there.

To OP, if you are the same as me and does not have any need for your bitcoin for your daily expenses, maybe making it sit there for awhile and let your investment marinate and hopefully the prices might go up again. Follow the quote above, try to add more bitcoin into what you are currently hodling while the prices are still down.
2810  Bitcoin / Bitcoin Discussion / Re: What will you do if Bitcoin hits $1m in the future? on: January 28, 2021, 08:04:01 AM
If Bitcoin hits $1m in the future,I will sell a part and wait for the price to increase for the rest.
I wanted to sell everything when that hits, but this quote above made me consider my decisions. I might need to do some hodling after all. The only disadvantage of this kind of splitting the difference is that you won't be able to savor the most out of the all you bitcoin because you are leaving something to stay in your wallet hoping that the prices will grow higher than ever. To make a conservative yet not regrettable decision maybe doing 80-20 split will be my choice if it were to happen. Charity is the last thing in my list, I do not have the money and I can't take care of others if I can't take care of myself first.
2811  Bitcoin / Bitcoin Discussion / Re: Some Celebrities Promoting, Others Disreputing Bitcoin on: January 28, 2021, 07:26:54 AM
Maisie Williams is an avid supporter of technologies so it is a no brainer that she will buy bitcoin. We can't really control this people, if they wanted to promote or not promote bitcoin is up to them, they are entitled to their opinion and their decision.

We have to distinguish the celebrities,that got paid for promoting crypto projects from the celebrities who are promoting Bitcoin,because they believe in the future of BTC.Those are two completely different categories.
However,I couldn't care less about the opinions of some Hollywood actor or musician about the crypto industry.The celebrities of the business world,like Elon Musk and Jack Dorsey can bring more value to the table,by actively promoting the crypto industry (that's not the case with Musk,who will never promote a crypto project,unless he's trolling).
That is one way of putting it, distinguishing one from the other, celebrities will accept any projects to advertise as long as they get paid. I think that it is worth caring for that celebrities in films are promoting cryptocurrency or bitcoin because they still have the fans that follow what they say and they can be detrimental to the rise and fall of the market depending on their stances. Business celebrities like Musk and Dorsey does the same thing, its just that they have a following of people that are on the other side of the spectrum that is different from Hollywood fans.
2812  Bitcoin / Bitcoin Discussion / Re: Bank with their crypto project on: January 28, 2021, 06:42:12 AM
It failed because it didn't get the support of crypto enthusiast. Like in the case of Maduro's Petro, a supposedly gold backup cryptocurrency. Well the first intention for introducing this is to circumvent the embargo against them.

Even the whitepaper itself is ambiguous, and the only way they are going to be used by Venezuelans is by force by government. While the Russia crypto rubble is also a failure, and as we all know their government wanted to control everything which goes against the very tenent of cryptocurrency.
I think that it will be the only way too, a government mandating the use of a institutional cryptocurrency will be the only way that they can pull off. I think the reason that those two failed is that they were introduced at the times of turmoil and the people are not in any way trusting their government when it comes to this kind of thing, sort of like giving the vibe of forcing them to use this is not the way, look at bitcoin.
2813  Local / Others (Pilipinas) / Re: [WARNING] FAKE BDO officer on: January 28, 2021, 06:05:40 AM
Hopefully wala pang nabibiktima itong BDO officer scam na mga members ng forum, maraming ganito message sa phone ng nanay ko and if I feel like replying, inuubos ko yung oras nila. Kausapin niyo yung mga kakilala niyo guys in regards to this kind of scam kasi siguradong mabibigla sila sa offer at baka kagatin nila yung pain ng scammer.
2814  Other / Archival / Re: 1000 Bitcoin Hero Members Association on: January 28, 2021, 05:30:01 AM
What Will happen when those hero member rank up to legendary?
Will they be kicked out?
I guess they will be kicked out  Grin. I also have a question, how is a member a creator of a club that targets Hero Members? Isn't that a little ironic? Why not explain the project here? What is the point of organizing the Hero Members of the forum into one organization? What if there is already 1k members and another 1 wants to join, will you kick someone out? What if there is only 800 hero members in the forum, will it still be 1000 Bitcoin Hero Members Association?
2815  Economy / Economics / Re: What do people think about CBDC? on: January 27, 2021, 11:49:10 AM
The forum members keep discussing CBDC for more than 2 years and yet there's not a single CBDC launched in the past months.CBDC will remain as a concept/idea/theory,if you ask me.
It is more worth discussing CBDC after at least one central bank digital currency gets introduced to the world.
This topic is similar to the quantum computer discussion.Every now and then I see forum members posting questions about "What will happen to the blockchain,after quantum computers become a thing?".
We can play mind games and fantasize about the future,but there aren't any CBDCs or quantum computers coming anytime soon.
The reason that it will stay that way is because the government does not put any effort into making it an effective means for the people to use. China did introduce a CBDC in their country but it became a flop because people did not see the benefit of using it and the government did not care to do so. Quantum computers are a thing now, they are already developed and the only problem is that they are mostly used for experimental levels and a commercial use is still far from ever happening.
2816  Bitcoin / Bitcoin Discussion / Re: How to avoid Bitcoin scams? on: January 27, 2021, 10:12:10 AM
~
That's one way to promote his website with that username lol.

Guess the most common one is to avoid those "too good to be true" easy mining like the Bee Network scam.
If you are shilling for your website then you should at least hook your potential readers by giving some snippets of articles or a summary of the article and then promote your website, that way they can see if it will pique their interest to read more. Everything that applies to that saying should keep someone's guard up, if you are approached by a friendly stranger out of nowhere beware, if someone you did not remotely know offers something that can help you make money still applies.
2817  Bitcoin / Bitcoin Discussion / Re: How to avoid Bitcoin scams? on: January 27, 2021, 09:37:35 AM
If you want to avoid bitcoin related scams, then why not just have a common sense and research the business that is being proposed to you, it is that easy. Why do you have to put your a link about avoiding when you could have listed it here.
2818  Bitcoin / Legal / Re: Bitcoin and cashing out with UK Banks on: January 27, 2021, 09:06:10 AM
Just don't pull out that much or put a big amount of money in your bank and do not frequent in doing so, that's the start when they notice something, take the maximum amount that does not raise eyebrows and even if you don't do it, they will not have any right to block your money because you did not do anything wrong. The only time that you will have to be afraid is when you did something wrong and you know that it will raise some suspicion. If you aren't feeling comfort about your banks taking notes on your cash outs, then you might consider P2P or physically trade with someone with cash.
2819  Bitcoin / Bitcoin Discussion / Re: How Joe Biden's Picks for SEC, Treasury Will Impact Crypto on: January 27, 2021, 08:27:21 AM
I believe biden's adminstration will be friendly to Cryptocurrency especially on top coins like BTC, ETH, XRP after a big news from SEC before few months XRP faced a big blow and I hope the results will go on public favour as loads of money has been invested in XRP, and I guess they won't disappoint anyone.

And yes regulations will surely be there in upcoming days because they wanted to secure dollar Wink
This change in administration will be a lynchpin to the status of cryptocurrency, if they were friendly and have the regulations that does not set back the progress of cryptocurrency and bitcoin in their country then good thing because many countries will try to follow the footsteps of USA when it comes to some regulations that involves economy or cryptocurrency, some would even want to reference their regulations based on what USA will do because some of them do not know or do not have the resource to deal with regulating cryptocurrency.
2820  Bitcoin / Bitcoin Discussion / Re: Bitcoin Future is still bullish. on: January 27, 2021, 07:37:03 AM
I think so too. I think the recent decline in the price of Bitcoin is just an adjustment, and the price will continue to rise in the future.
Hopefully that will be the case, the run will be slowing down because some analysts observed that the influx of institutional investor dollars has been slowing or lacking in flow, although I believe that running out or having drought in those aspect seems to be not the case. If the prices were to jump back, and break the resistance around the 40k mark, I think we can see some good days for awhile.
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