It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.
I highly doubt it that this is the case here, Musk is known for having a real influence on the market, looking at Dogecoin is enough to set the example. He already knew that before getting involved in Bitcoin, the environment issue is just an excuse to further manipulate prices, since his status is sufficient to have a massive effect.
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You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments.
What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
We should not even focus on environmentalists now, we should focus on Elon Musk, he only wanted to use the opportunity to manipulate the market. Let us take a look at the scenario, he knows if he make go against bitcoin, that other crypto price will crash, that is just the reason he did it, but using bitcoin electricity consumption as an excuse, he only want the bear market of 2021 to begin. I acknowledge that environmentalists are just an excuse, Elon Musk is the main issue here. He's using the environment excuse for his own profit. I wouldn't be surprised if he is currently buying Bitcoin, Dogecoin and other coins, under the radar of publicity, taking advantage of the lower prices. This situation of market manipulation is starting to annoy me, Musk acknowledges that if such thing was happening in the stock market, he'd now be sitting behind bars.
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A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments. What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
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It's only the beginning, before Tesla, there were only few electric cars available on the market. Tesla's patents are open source, more and more companies are releasing full EV models, offering decent range, (above 400kms) who can actually compete with Tesla's vehicles (Jaguar I-Pace, Audi E-Tron, Volvo XC40) and many more who are yet to come.
I believe that electric cars have a long way to go, but that technology will be dominant in the future. For instance, Plug-in Hybrids are way cheaper than full EVs, offer great mileage and a decent full electric range.
The other EV brands will take time to capture market share for themselves. It will take many years before they are able to match the level of recognition attained by Tesla. And we still don't know much about the performance of these brands. Companies such as Jaguar and Volvo are pretty new to the EV sector. So if there is some issue with the technology, it is going to be very difficult for these companies to resolve them on time. The patents may be open source, but operational knowledge and experience can't be transferred directly. Tesla was probably the first one to build well-designed electric vehicles. At the beginning of the EV era, most if not all electric cars looked like crap (see first generation Nissan Leaf), Tesla was the first one to market such a vehicle and quickly gained reputation. Surely, Tesla is the main leader in the EV sector, but I don't think that this will last forever, due to their strict policies, regarding maintenance, repairs, salvage vehicles and so on.
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I am not at all convinced by these electric vehicles: first of all, they still rely mostly on fossil fuels to run (sorry, the truth); secondly, their batteries are going to be another environmental bomb in the future (not considering the car itself is an actual bomb if something goes wrong!); third and last, at least here in Italy, charging station are not common, and if you live in rural areas and you make long trips, you are done.
It's only the beginning, before Tesla, there were only few electric cars available on the market. Tesla's patents are open source, more and more companies are releasing full EV models, offering decent range, (above 400kms) who can actually compete with Tesla's vehicles (Jaguar I-Pace, Audi E-Tron, Volvo XC40) and many more who are yet to come. I believe that electric cars have a long way to go, but that technology will be dominant in the future. For instance, Plug-in Hybrids are way cheaper than full EVs, offer great mileage and a decent full electric range.
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Is it just me or do I not understand what terms the OP violated? It looks way too sketchy to me. My guess would be that his high earnings triggered some sort of security system that blocked him. However, I still don't get how's OP is in the wrong here. Fortunately, his original deposit was at least re-credited. From their response, their terms of service look quite complicated.
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I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year). Would be happy to read about your experience !
In 2016, I lost more than $5000 in Forex trading. I was quite upset back then and it really exhausted. The main reason was because I did not know about trading but still entered it with a confident feeling. I had my friend supporting me in making any trade but unfortunately, he turned his back on me after provided me many false signals. Damn. It was really hurt. I felt like I was betrayed by one of the man I truly trust. My $5000 turned into $1000 after listening to his advice. Then, I realized I can not trust anyone except myself. I spent more time to learn trading and obtain knowledge on youtube. There are many good courses actually. Now, I feel satisfy to what I did: being able to make stable income with trading I'm sorry for your loss, try to take it as a lesson learned. It's a decent amount though, not sure how I'd react if I were you. I still beat myself for selling Bitcoin on December, so I'd guess my reaction wouldn't be pretty. I'm against following signals from friend and acquaintances, not only can they have a negative impact on your relationship with them, but could also be an attempt to scam you.
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Another lesson to all of us again, $11 million is not that huge, but still these cyber criminals are getting free money in crypto space by attacking this vulnerabilities. Again, as I have said in the past, they are one step of the game. And for the devs, they really need to check their code as there are a lot of exploits that hackers are looking. You can read a post mortem and analysis here: https://slowmist.medium.com/slowmist-value-defi-vswap-module-hack-analysis-64e8909ef6a2I'm sure there have been worse exploits than this one, 11 million dollars isn't a huge amount, if you compare it with other hacks that have occurred. However, it would still suck if you had a few thousand dollars deposited there.
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I have been in the Bitvest signature campaign for 5 years and a couple of months and I think its time for me to leave and say goodbye as I just don't have the time to make regular posts in this forum anymore and also I have not been able to earn merit so I will leave and let someone else fill the hero spot. Its been a pleasure working with Bitvest for all these years and earning close to 2 Bitcoins during that time which is something I thought I would never achieve. Just remember that when I started Bitcoin was just a few hundred dollars so back then we were earning a lot more in sats then now but it just goes to show that you can achieve anything if you stick to your goals and work hard as it can pay off in the long term.
OK, enough of me rambling on, I wish everyone in the campaign all the best and to the current and previous campaign managers. Thanks for everything and a big thanks to Lightlord for an amazing campaign which has stood the test of time and I believe will continue on for many years ahead.
Goodbye!
Sad to see someone go, good luck to you! On the other hand, it's really promising to see that not only that the campaign is still active and paying after so many years, but also that there are users who were faithful to this campaign for so long. It must mean a lot to be in the same campaign for 5 years. Good luck again!
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I sold my DOGE for 5$ of gains three days before this insane DOGE rally began. Could have been over 100$, instead 5$
Don't get me going on Doge, I used to have more than 30,000 Dogecoins back in 2016 if I am not mistaken, acquired with mining. I sold them for $5-6 at most. On top of that, some leftover Doge remained in the wallet which I no longer have access to, because the HDD has been wiped. It's been a sad story for me.
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The project Defi Value on the Binance Smart Chain was hacked, earlier this week The target of the attack was the automated market maker vSwap. Approximately 11 million dollars were lost due to the exploit. In total, 15,000 BNB, 2,700 FARMs, 1,700 BASv2, 8.5 million BDO, 68,300 BUSD, 41,000 MDG, 945,000 vBOND, 1.2 million BAC and 11,000 FIRO were stolen. The hackers exchanged the stolen assets for 3,240 ETH to withdraw them to the Ethereum blockchain. Another result of the attack, was the total loss in value of the vBSWAP token, dropping from $1.700 to $150 within a few days. I also had $1k deposited on the BUSD vault, fortunately I had withdrawn a day before the exploit happened, not sure if it was one of the vaults that funds were stolen from. https://www.coingecko.com/en/coins/vbswap
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It's been a while since I looked at the thread and I am quite surprised how the poll turned out in the end. At the start the number of people who sold their signature earnings into fiat currency again was a very small. But now it is more than 60% of the people here who sell at least some of their signature earnings again. This might be related due to the high bitcoin price lately, but still there is so much room for bitcoins to improve. I would not sell any coins tight now. Gambling with our coins is fine because we can grow our crypto portfolio. But once we sell our coins we won't profit from any future appreciation.
I'm sometimes also tempted to sell any earnings made by signature campaigns. However, I've already made the same mistake in the past and now I regret it. I used to make a decent amount of Bitcoin (for current standards) and had sold a large proportion of it back in 2017.
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Plenty of answers are repeated and spam is certainly a thing, but I have noticed a big difference between the campaigns that took place in 2017 and particularly those in 2018, in which crappy posts were so incentivised that there were sections in the forum that had lost any utility for anyone. My current experience is that the campaigns that pay in bitcoin can choose who participates and that is often based on posting quality and merit. They do want posts that the people want to read.
This is true low quality posts will always exist when people are incentivized to make a min number of posts with min characters and obligated to post on a determinate session of the forum, but campaigns seems way better now than in the past, the merit system definitely helped. personally, I like the idea of having less rules on the obligation for number of posts and sessions but I also understand the other side, gambling companies will prefer to have users to post on the gambling parts of the forum to raise awareness on their product. That's true, that is why there is a minimum, some give 15 a week, that's already very low and there's no reason one cannot fulfill that requirement if he values his spot in a campaign. This kind of job has low requirements, we just post, share our opinion and we are getting paid, this is a kind of privilege that we should enjoy and value since it's a way of getting free bitcoin which is very valuable now and in the future. My campaign has a 15 minimum post requirement. I'm not a frequent poster though, due to being busy with work, I have limited time and prefer to post only when I'm actually free. I'd rather not spam posting a couple of posts just to get my post count up. I believe that if you devote some time on here, you can easily make 40-50 quality posts per week without too much hassle.
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From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.
That's also one of my weakness when it comes in trading, due to FOMO, sometimes I cannot hold my tokens. There are also times that it ended up losing my money. I'm become greedy in different times and I need to control it. Patience and become consistent even its just 10 - 20% of profit is enough. Ha, I had approximately 0.60 Ethereum on March, I sold them after the market recovered. Now it's over $3.000, having bought at $1600, a profit of $800 would now be guaranteed. Sometimes I feel that short term trading should be avoided in smaller scale trades.
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From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.
Exactly, earlier this year I had a feeling binance coin would do great and picked interest in investing in it. Bought a couple with some friends and it begins to give us profit. Initially I wanted to hold until the end of year but due to the pressure of securing profit before a sudden market crash, we lost the opportunity to be among those happily rejoicing because of the return of investment their investment has given. Whats funny was that I brought up the idea of buying the BNB and it was very early in February, BNB was just trading around $40 that means judging from the current price we should have been seating on 10x+ our investment right now. The lesson here is to invest individually so you can call all the shot and not combining with friends to invest. I also had the same feeling for Polkadot, back when it was worth $5-6 at most. I bought a few along with a friend, which persuaded me into selling not long after our purchase, during a market crash. Now it's proudly at approximately $40 each. It's best to avoid such moves with anyone, friends or acquaintances, none of us can really predict what might happen, while at the same time, affect us in making a decision that we possibly wouldn't make.
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what was your worst mistake ( in the very beginning, 1st year).
The worst mistake I made was holding some coins that become shitcoins. Especially my earning in bounties few years ago, it had some value before but now it's equivalent to nothing. A lots of shitcoins happened few years back, some got value back then after being listed but the developers abadoned the project and ends up nothing. Those who holds and wait for more developments just wasted the opportunities, lesson learned from that, if there's no real usages then there's nothing to wait with such kind of token/coin. Do your DYOR as always there's no sure thing inside this sphere so come and live as it is. I also remember mining Garlicoin at some point, I don't even remember the reason I did it in the first place. Found the wallet recently containing quite a few coins, which are now completely worthless. What you have mentioned is absolutely true in my case. These coins used to be worth $2-$3 at some point, I'm not sure on why I kept them, I'd guess that I've completely forgotten about that wallet.
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I've had plenty of mistakes throughout the past, the worst one is spending some BTC I had from 2015-2016, it wasn't a large amount back then, approximately $100-150, some of which was acquired by faucets. The average payout would be 1000-1500 Satoshi. However, it's something that I don't regret, it was years ago, and I couldn't have known.
The one I regret the most however, is selling BTC in December, at roughly 25,000 Euros, if I hadn't reacted so irrationally, I would have sold at a higher price.
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We need to be grateful, because due to Covid many people work from home, this is why the new Altseason has come. so the pandemic does not always cause harm, only how do we react to it
There's probably something wrong with if you're implying that Covid isn't that bad because it MIGHT have sparked (or assisted) the new "Altseason". Should be also be grateful for the million of cases and deaths worldwide? I really hope you acknowledge what you just said and reconsider.
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hello everyone dear <3 and this is the second win that I couldn't believe in my eyes, it really got me excited, I was a player who always bet small money so I felt really lucky with victory this, feeling Thanks bitvest https://prnt.sc/12herp6Congratulations! I've never tried Keno myself. It's fascinating that you've got 0.1632 BTC from a mere bet of a few thousand Satoshi. I also bet similar amounts but haven't got anywhere close to this.
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I would say everyone who starts gambling has the idea that they are going to be responsible but as circumstances change so too do the ideas, if you are on a winning streak and have some luck the chances are you will keep gambling instead of taking some profit.
Also when loosing the common reaction is to chase those losses and try to get them back instead of either stopping or regulating or being responsible.
I agree with you, the human mind is very similar, we all face the same problems. That is why we need to keep checking our attitude and emotions towards gambling. In my opinion is best to have a friend or family member to discuss our gambling habits. If we have someone to confide in and share our success and failure stories it is much easier to keep our behaviour on check. It cannot be denied that when it comes to gambling, emotional attitudes, ambition are always there and only self-control should be exercised and applied in gambling. and that all must be overcome with self-control, try to play calmly and have the principle that you are responsible for what you play and must be disciplined, and under any circumstances should be calm and stay focused on the game so that you do not miss a lucky moment. Self-control can (and should) be applied in any circumstances, from trading to gambling. It's not only the ability to maintain your emotions or even yourself from becoming addicted, but also the ability to control your profits/losses, your greed and even your limits. Self-control is knowing when it's the right time to stop, either for cutting your losses or claiming your earnings.
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