The real problem here is that the protesters are asking for funding. I have nothing against their protest. This is their civil right, but saying something like "give us money,so we could protest" is kinda weird to me.If you really want to protest, you could protest without asking for donations.
What’s wrong in asking for support? Are truckers scamming people? Did they get the money without doing anything? Is this illegal?
Anyway,having a centralized entity, that can redistribute all the funding to the people,who need that money is a must (unfortunately). That's why charity foundations exist. It's theoretically possible for all protesters to just gather a huge list of their own BTC addresses and post them online to collect donations,but what's the guarantee that some fraudster won't add his address to the list?
Charity is always about trust, it's not about the money. Trust is still required, even if Bitcoin replaces fiat money in these charity campaigns.
That’s another debate, but the point in using Bitcoin is because the government and the banksters have no control over Bitcoin, and therefore can’t simply lock and take the money from the truckers. |
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A CBDC will boost rather than diminish the popularity and use case of bitcoin, as people quickly realize that the CBDC can have its supply inflated at will to serve monetary goals, whereas bitcoin has a finite supply and can never be inflated arbitrarily. With widespread use of CBDCs, users would feel more comfortable buying or investing in decentralized cryptocurrencies - thus increasing their value over time.
Bitcoin wins with the growth of CBDCs.
Partly that. But the absolute biggest reason why is CBDC users can be censored/prevented from making transactions, wallets can be locked, savers of CBDC don’t truly control the money in their wallet, and therefore anything in their wallets is NOT truly owned by them. |
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Thought so... So how can you know when you've reached a low point? Is this the lowest point in our history?
You will never know, and no one actually knows. We the plebs, and the poors can “only try” to find the DIP, but it’s important that we try than buying blindly at any price.
You may think it's impossible that bitcoin will ever return to these prices, but people who waited for a dip at 1400 had the same idea, and the price went down a lot and they waited for it to go down even more, and when it started to go back up they waited for it to go back down, but the price only kept going up and never saw those numbers again.
So, purchasing every dip is a fantastic idea, but it's not something you can easily do yourself without knowing when you're at the dip, implementation is more difficult than the advice. On the surface, I agree with the concept, however, I've had several failures with implementation.
My advice, find a job, and save. If you have a job, find a second job, and save more. Use that to buy every Bitcoin DIPs, but it’s your choice. You can buy now, or you can buy during the next bear cycle, which I believe will start either this year or the next year if past cycle patterns are to be followed. |
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If Russia starts mining Bitcoin, China will start mining Bitcoin again too, or did China truly “ban mining” within their country? The West have given warnings that they will ban Russia from using SWIFT, what does everyone believe Russia will do? They have made the narrative more obvious for a need of an open, permissionless, censorship-resistant, ledger/protocol for money.
Well, Russia has never banned crypto mining, only the focus of the miners has been on China, logically because of cheap energy, labor, and the availability of mining devices. I see that you still have a theory that China has no choice but to have to allow crypto mining again just because the Russians or the US will do it - but they do it all the time. China and Russia are among the last countries in the world to accept Bitcoin the way you imagine it, China has said a clear NO, Russia is closer to that attitude than to something positive. I’m not pointing out about “bans, and regulations”. I’m talking about absolute acceptance, publicly or secretly, and an actual nation-state mining Bitcoin for the benefit of themselves, directly or indirectly. Because I believe Bitcoin’s true nature in international politics/geo-politics has not been truly discovered yet, nor has that been priced in. |
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If Russia starts mining Bitcoin, China will start mining Bitcoin again too, or did China truly “ban mining” within their country? The West have given warnings that they will ban Russia from using SWIFT, what does everyone believe Russia will do? They have made the narrative more obvious for a need of an open, permissionless, censorship-resistant, ledger/protocol for money.
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This strategy doesn't apply for all traders, what if a certain trader doesn't have enough capital? Do you think he can buy every dips or what they called averaging down? Of course not. You can't buy all the DIPs, and you will have times that your portfolio will be in a loss, but zoom out, Bitcoin is still in a path to price discovery of its true value. The same concerns were said before during 2018, and 2019 with many "traders" missing a golden opportunity to buy Bitcoin under $5,000.
Even if it is a strategy it doesn't mean that you can guarantee yourself to earn from it just because you buy at dip and hold. We should consider the time after all, are we going to hold it for the rest of our lives or are we going to sell it in short period of time.
Who said there will be guarantees? Many things in life have no guarantees, BUT I can guarantee that buying the DIP, and HODL will give you a higher probability of profit than plebs leveraged day-trading. |
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athletes, media, staff, and all other guests have three payment options available, rather than the usual two. Visa, cash, or China’s digital currency, the e-CNY.
Although utilizing a card interface blurs the distinction between paying in e-CNY or paying with a Visa credit card, using China’s digital currency at the Olympics is cheaper than paying with Visa. The latter will charge a processing fee on an international payment, as would be the case for a U.S. athlete using a U.S. credit card to buy something in Beijing. There are no fees for using e-CNY in China.
That’s going to be their main narrative on why CBDC is “better”, and why everyone won’t need any other digital currency, or any other medium for cashless payments. “Speed, efficiency, and convenience”. “Millions of transactions per second”. “Future of payments”. So, entice the visitors to become your guinea pigs and make sure it works before you start forcing the rest of your populace to use it? Sounds about right.  That’s what they did, and that’s what I said earlier in the topic, because it was already known that China would unveil their CBDC to the world during the Olympics, yet I believe there was a poster who didn’t believe it. Haha.
Because, let's be honest, once this thing is fully up and running, people in China probably won't have much choice in the matter for long. It'll start with 'nudge theory', but will swiftly become outright coercion.
Using it itself would subject you to the protocol’s pre-programmed rules. Break the rules, wallet disabled. The value of Bitcoin’s narrative/main value proposition goes higher. |
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I forgot about this right away ,because March is about two weeks away and today is mid February the price is around 42K ! I have no doubt bitcoin will hit new ATH but maybe not this year ,hope i'm wrong too because from the first the price of bitcoin can not be known exactly even if it comes out of the mouth of an expert analyst
March is just around and it won't be giving the new ATH. We've been too curious when bitcoin shall go back to the former ATH but when we're going to look at the history. We may go through a long bear season. It's like a year of bear season but just as you hope, I hope that we won't be going through that again and the pattern has changed. I'll be fine to not see a new ATH this or next year as long as we won't go a rough trend. Better than expecting a new ATH, by looking at the chart, it says that we are going a bear season, so that pump we witnessed could just be a little bounce back but the market performance now is still going bearish. I could be wrong, I'd love to be wrong but we cannot deny the history or the trend. Yes, it's bearish. But maximum zoom out = it’s a super-cycle, ser. 
That's why if I have to choose, I'll go with the stability of the market and it's fine to not see any ATH for this year. That's what we want to see as it's building the new ATH soon for the next years.
But if I “have to choose”, if we do not see ATH for this year, I don’t want stability, I want OPPORTUNITY. The lower the market crashes, the bigger the opportunity to Buy the DIP, and HODL. |
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...Everyone has that same plan, time the market “buy low, sell high”, but why are 90% of the people who trade with that plan still poor?
So this is the difficulty of trading in determining where the price is low and where it is high. And in practice, we see that most market participants buy at high and sell at low. It is for this reason that 90% of "traders" lose their money, which accordingly goes into the pocket of the lucky 10%. Plus they actually multiply their mistake by how much leverage they use. A pleb’s $100 traded at maximum leverage would liquidate them instantly with a 5% move against their trade. HODLing, especially HODLing Bitcoin, it’s hard to make a mistake. The plebs who bought Bitcoin priced at $60,000, and HODLed will be in profit during the next bull cycle. |
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Since 1986, Visa has served as the exclusive payment service provider for the Olympic Games, complimenting cash as one of the only two ways to pay for anything at official Olympic venues. If you’re at the Olympics and need to pay with a credit card, or if you’re online and want to buy tickets for upcoming Games, Visa is the only way to go. That was until Beijing 2022. Inside the “Olympic bubble”—a dynamic quarantine zone China operates throughout the Olympic Village in Beijing—athletes, media, staff, and all other guests have three payment options available, rather than the usual two. Visa, cash, or China’s digital currency, the e-CNY. Although utilizing a card interface blurs the distinction between paying in e-CNY or paying with a Visa credit card, using China’s digital currency at the Olympics is cheaper than paying with Visa. The latter will charge a processing fee on an international payment, as would be the case for a U.S. athlete using a U.S. credit card to buy something in Beijing. There are no fees for using e-CNY in China. https://fortune.com/2022/02/11/2022-olympics-beijing-china-visa-credit-card-digital-yuan/That’s going to be their main narrative on why CBDC is “better”, and why everyone won’t need any other digital currency, or any other medium for cashless payments. “Speed, efficiency, and convenience”. “Millions of transactions per second”. “Future of payments”. |
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It's the guys at CNBC who called it a tool for money laundering white supremacist  And that is the problem BTC is a tool. I don't understand why this is a problem? We all know bitcoin can be used for both good and bad things, that's no secret, it makes a lot of things easier for good poeple but for scammers also, but that can be said for everything so I don't understand the "problem" part. Every single thing in this universe can be used as a tool for both good and bad things, for gods' sake not even the cross is an exception. The only real problem here is that bitch from CNBC who labels things based on her interests not reality. But well, nothing new from the leftists: https://www.nbcnews.com/tech/internet/bitcoin-surge-was-windfall-white-supremacists-research-finds-rcna8177There were also some breakthroughs, and ground-breaking inventions during the past that were demonized by entities in high places who didn’t want to change their current order of things. The printing press, the automobile, the light bulb, and currently Bitcoin. How long should the network keep chugging along? |
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I changed my opinion, because it’s not in my position, as a mere pleb, to call something valuable, or worthless. The open market decides what is valuable or worthless, not the opinions of individuals. Which we have experienced as Bitcoiners, those opinions are 99.9% WRONG.
True but there is a difference between having a price and being valuable in my opinion. You can sell anything to people, even complete garbage and they buy it but that never means that what you are selling them has value. Value comes from utility, if you sell people dog shit for a million dollar a bag, that still doesn't give dog shit any utility. But at the end of the day, bitcoin still has a lot of utility to provide. It doesn’t matter if there’s no value in it for you, what matters is it has value for it in the market. It’s like Warren Buffett saying that Bitcoin is “Rat Poison Squared” and has ZERO value to him, but we can sell it for more than $30,000 per coin in the market. |
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Don't bother. It is not worth watching the video to find the 5 secs of some random person associating Bitcoin with white supremacists.
Let them, if they take the narrative that Bitcoin is evil “because white supremacist” and refuse to HODL, in 10 years from now they’ll learn that 2022 was still a golden opportunity. The hard way. Bitcoin hasn’t priced in its true nature in geo-politics. |
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OP, Bitcoin is apolitical, neutral, and open for everyone without discrimination. Do I support them white supremacists, or racists, or the Ketamine dealer from the dark markets? No. Does it mean Bitcoin is “evil”? No. Is it censorship-resistant? Yes. Does it mean Bitcoin is working as it was intended? YES. Good. |
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They are scamming the people! They might be taking as much wealth as they can before the eventual collapse, and run away from the country.
Who is scamming who? The government is scamming citizens, is that what you meant? The government will try its best to protect its local currency, but probably it might be done incorrectly. If encouraging citizen to convert foreign currencies to Lira, that is manipulation and the outcome may later not be good. YES! They are taking something of value from their citizens, and giving them worthless pieces of paper which continue to be more worthless as inflation goes higher and higher. Plus it’s “encouraging citizens through benefits” now, but I believe the people will start to understand that the Lira and the government could not be trusted.
Not only Lira, it is fiat generally, not that fiat can not be trusted, it can be trusted for spending purposes but not for savings. There was high inflation rate in Turkey and their fiat was greatly devalued, but Turkey is not the only country, even many other countries are like that. But generally, best not to keep fiat, the value of fiat is in what you used it to do, example, using it to buy bitcoin, gold or properties which are appreciative in nature. We should not also be fooled by banks, encouraging customers to have a fixed account. The Turkish government is just “encouraging” it now, but I’m confident that it will be modified to confiscation within a few months. Let us wait for it. |
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Bitcoin will be used where its needed, and I believe, like the Heroine dealers in the dark markets who can’t use the legacy banking system, the truckers who have been censored by GoFundMe are welcome to use a decentralized, censorship-resistant, permissionless alternative. This is mainly part of why Satoshi made Bitcoin for in my opinion.
Not exactly heroine drug dealers, I do believe that we cannot just ignore that part of the market but we should be ready for the fact that more transactions occur in cash. I myself have seen college drug sellers using the 10 pound note more than them asking for Bitcoins therefore I do think that we cannot blame them regarding it. Other than that according to stats, only 10% of Bitcoin transactions are used for illegal purposes, can't downgrade the remaining 90% that is used to empower people, empower society and show the government that it might be the time to say bye to the dominance by the riches and the banks. That’s another debate altogether. The point is, Bitcoin is open, permissionless, and censorship-resistant. Anyone can use it if they need it. You, me, Heroine merchants, protesting truckers, literally ANYONE. That still doesn’t give anyone the right to force someone to inject something in our bodies Again, you ought to give a valid argument. That isn't sufficient, to be honest. You're neither asked to live in a society, but you're forced to. You either follow the rules or go live onto a mountain, alone. No one needs a valid argument, it’s within everyone’s right to refuse the vaccine. It’s in the constitution. Vaccine mandates are unconstitutional, and the truckers are within their rights to protest. What don’t you understand? But if it’s good, or bad is another debate. |
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While I'm in favor of incentivizing people to vaccinate, I couldn't be more against if you abused their rights to accomplish it. There are some who don't want to get vaccinated, you can't deny that they don't have even one valid argument. Even if they're wrong, you're just exacerbate it with such actions. (Such as the donation's restriction)
That still doesn’t give anyone the right to force someone to inject something in our bodies, but if you allow it, someday there might be a vaccine that you might not want in you, and it will be forced on you. I took the vaccine, but it was my choice. The Canadian government is starting to spread misinformation, saying that the trucker’s protest will crash the economy. We the plebs will believe it, not thinking about how they locked down the world is truly the cause. |
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I think there is some underlying value in NFTs. I began thinking like there's even one thing legitimate about them, but I honestly can't find any. Are they promoted as an alternative method to transfer rights of digital property? I already explained why this fails in practice theory. Let alone if there's more than one blockchain to distribute it... I had the same opinion. I called NFT the “Tulip Mania 2.0” of the current bull cycle, but I remembered what Hal Finney said,  I changed my opinion, because it’s not in my position, as a mere pleb, to call something valuable, or worthless. The open market decides what is valuable or worthless, not the opinions of individuals. Which we have experienced as Bitcoiners, those opinions are 99.9% WRONG. |
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From the way am seeing bitcoin I believe it will touch $100k before the end of 2022 but I don't really believe it can touch $100k before the end of March. I don't think Bitcoin touching $100k before March is my problem because I believe bitcoin will definitely touch $100k one day so my mind is just at rest because am holding my bitcoin for long term I don't really have any plan selling my bitcoin very cheap.
That’s a mistake in a way of thinking. I learned that the HARD WAY. I too was “so sure” that Bitcoin would surge to a six digit valuation per coin before the end of 2021, last year. It was stupid, and remembering it, very laughable. But the potential for Bitcoin remains the same, but no one knows when the market prices it in. |
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The Turkish government said that they are developing something to “encourage” people to convert their Gold into worthless Lira. I believe “encourage” is used to replace the word “confiscate”.
To Turkish Bitcoiners, educate your friends and family about Bitcoin, teach/help them convert from Lira to Bitcoin, and how to secure their keys.
Without a source, I cannot assert anything to your comment, but I would not be surprised if the government, who has followed a notoriously unorthodox monetary policy on regards to managing inflation by NOT raising interest rates, has to make now a last stance before the currency finally crumbles full-on into a galaxy-sized hyperinflation. Confiscating gold and other assets would certainly not be out of the scope. Basically it just means that Central Bank would be giving some sort of "benefits" to people who turn their gold into lira. Same is going on with Dollars as well, if you turn your dollars into lira and put it on savings, then whatever is the difference between the interest rate you got and the dollar increase, you will get as a profit. So, if your interest was 13% but dollar went up 20%, then government would pay for the difference. Same goes here as well I suppose, no idea if it is like that or not. They are not really confiscating anything though, they are just encouraging people to use their worthless fiat by offering silly stuff that will turn their fiat into even worse condition by printing more to pay for them. They are scamming the people! They might be taking as much wealth as they can before the eventual collapse, and run away from the country. Plus it’s “encouraging citizens through benefits” now, but I believe the people will start to understand that the Lira and the government could not be trusted. Once the government becomes more desperate, “encouraged” will be changed to “confiscate”, further adding distrust to the state. |
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