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2921  Economy / Speculation / Re: When and How much low on next Bear Market? on: January 08, 2021, 06:40:07 PM
After a long waiting period of mostly 3 years after 2017 market crash we are seeing price rally and btc reaching ATH of $35-$40k this week but still the small corrections are taking place like in the last week when prices went down by 2-3% but shortly it sparked again to take over $30000.So we can expect Bull run to continue this year for long period mostly $90-150k until we saw a major crash of nearly 85-90% of price drop but still it would not go down by $12-$15k even at that time.The main reason is people slowly investing in it but at this time huge investments are made in the Bitcoin along with involvement of major institutions like PayPal, MicroStrategy holding and dealing in crypto transactions which boost the prices upwards.So we are not going to see bearish trend soon as whales manipulate the prices by creating FUD's in the market to dump the prices and make huge profits again.So have patience and stay calm and enjoy your profits in the right time.
2922  Bitcoin / Bitcoin Discussion / Re: Let's share some of our Bitcoin Pizza moments for the new ATH on: January 06, 2021, 01:06:15 PM
I once bought baklava (a dessert) online using bitcoin.

-0.534 to be exact... That translates to $18k worth of bitcoin today.

It was 2013 but before the price hike.

I also bought a $400 amazon gift card for about .6 bitcoin That would be another $20k (I think I bought a cellphone with that)

So what little BTC I have I've held much tighter to it over the years. I'm working class by the way, I'm constantly in awe that I can have my own car free and clear and a roof over my head and that I can afford health and car insurance and rent.


Everybody is surprised and happy to see Bitcoin prices skyrocketing and crossing $30k mark for the first time in history after ATH in 2017 when prices sparked around $22000 but now we are here after 3 years with charts turning green and lines rising above the graph with increased market valuation. Whosoever have spend it or used it might be regretting at this time because it had given more than 300% returns alone this year and I am one of the person who got influenced that it will not grow high anytime soon so the money I got from bounty campaigns in 2017-2018 I spend most of them buying various stuffs for me and enjoying just for a short span of time but now it's feel really bad not having much of them or say losing your wealth by 70-80.But still I am hoping for its betterment and again to come back in market and invest more of it and just to HODL until the prices reached another milestone this year.Spend wisely every btc because $1 worth of it could become $1000 who knows how fast but it surely will be at that point so be wise enough to keep up.
2923  Bitcoin / Bitcoin Discussion / Re: Atlast bitcoin breaks $30000 on: January 04, 2021, 06:32:59 PM

Boom blast news for bitcoin holder or a biggest slapping news for that countries government who says bitcoin is useless, scam and a crime based project. But i want to say that bitcoin is a platform for technical and educational people.  Only educated people understand what is bitcoin. Why we should invest in bitcoin? Why we should be a part of bitcoin? That means i want to say we all are much more educated than that people who think and says bitcoin is useless and a scam shit. Now we proved them that we can build a best world without any support from any countries government. 
Lastly we all bitcoiners want to say to the government you guys just wait for the bitcoin price $100k then.. And its our challenge to you that we will make it. What do you say bitcoiners.
The recent surge in prices of bitcoin have surprised and amazed every crypto enthusiast who was holding till this peak as prices have crossed $30000 ever since 2009 when Sathoshi ever mined first bitcoin.The price chart recorded ATH with prices reaching $32-$33k in last days even after a correction period which again jumped up.BTC has been most profitable performing assest in 2020 when panademic has hit everyone but only bitcoin has substantially grown to higher levels.It became the first ever financial service with a marketcap of more than $500 billion surpassing Visa cards.All this is due to mass investments done by large number of investors who are putting up their money in btc and other altcoins like Ethereum which in turn is leading to price surges movement.Most of the governments and critics who were against it have started to potray a positive image of bitcoin due to its vast popularity and immense benefits and in very short span of time btc will be most used payment method for fund transfer without any centeral bureacracy involved over blockchain technology with speed and less fees.The supply is limited to 21 million and 18 million are already mined which leads to some kind of supply limits with increasing demands that will eventually lead to higher prices so its better to invest in now if you want to have future higher retruns.If you have invested thousands 10 years earlier in bitcoin you would be sitting on throne of million dollars worth living life king size.So better to be smart and think out of the pocket ignoring all negativity around you if you want something because btc will still rise to new poitns maybe $100k soon mate hope for the best. 
2924  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #88 $50 Prize | $1000+ Progressive Jackpot on: December 20, 2020, 03:01:30 PM
765,350,883

78dynx
2925  Economy / Trading Discussion / Trading in Bitcoin options turns $638k to $4.4 Million on: December 14, 2020, 04:36:30 PM
How many possible ways are there to increase your weatlh 3-4x in short span of time and that of only 5 weeks?Is that sound interesting to you.Crypto trading is one of the way where you risk you money and with your trading skills and market judgement you can get immense returns. A trader buys 16000 bitcoin options January call expiring at $36000 strike for 0.003 bitcoin per contract as per reports.The total cost was 48 bitcoins (16000*0.003)
The total cost of the intial outlay was $638,400 and as the prices rally from the $13000 to $19000 the premium drawn rose from 0.003 bitcoin to 0.0145 bitcoin generating paper profit of $4.4 million
Here is how return is calculated:
= [(Option's current price of 0.0145 BTC x 16,000 contracts) x bitcoin's current spot market price of $19,200] minus (-) cost of trade.

= [232 bitcoin x $19,200] - $638,400

= $4,454,400 - $638,400

= $3,816,000

Here is link for furhter information:https://www.coindesk.com/deribit-36k-january-bitcoin-options

So it's quite huge returns in such short span of time and that's what the power of Bitcoin and blockchain is that's why all the major institutions are adopting it as fiscal measure for their financial resources.What are your thoughts on this?
2926  Bitcoin / Bitcoin Discussion / Re: WHO CAN SHUTDOWN BITCOIN? on: December 10, 2020, 05:18:20 PM
Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.
Case1
Being decentralised currency it have no effect or fear of centralized monopolies ruling the world.The governments have control over their respective jurisdiction and they can ban the use of the these cryptocurrencies in their nation or could come forward jointly in the long run to ban its usage but it will not shutdown  Bitcoin until the global communication is working which means internet is working as all the nodes will be still in operation and every transaction will be added to the blockchain. So it's practically impossible to shutdown internet and same is the case with Bitcoin and moreover to protect the interest of investors government will regulate its usage and make it taxable income under its income taxation act

Case2
It is the case of 51% attack which means all the majority participants of the bitcoin network join hands and come as single unit with lot of investment to overthrow the bitcoin network and make changes in the blockchain ledger which is quite impossible as we have not seen this because it will result in price decline resulting in profit risking.Moreover there are thousand of nodes and every transaction is recorded there and you cannot remove them so we can say btc will always be in working .
2927  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #77 $50 Prize | Progressive Jackpot inside on: November 27, 2020, 07:14:25 PM
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2928  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #76 $50 Prize | Progressive Jackpot inside on: November 25, 2020, 06:27:00 PM
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2929  Economy / Speculation / Re: INFLUENCE OF BITCON ON ETHEREUM's PRICE on: November 24, 2020, 08:34:26 AM
You surely got the point here. Although, DeFi is turning out to be failure but we can't deny it has increased the utility of Ethereum manifold. At present, ethereum is probably the most utilised cryptocurrency outside trading markets. ETH 2.0 is on line from Dec, 01 with Beacon chain. Considering all these factors, current ETH price is certainly undervalued.

With bitcoin crossing $20K, remaining bearish sentiments of the crypto community with end too and we can see altcoins rallying as well. $1K-1.5K is surely achievable for ethereum.

Please make your next post in small letters.
2930  Economy / Speculation / Re: The great reset scenario followed by alt flip on: November 24, 2020, 08:27:13 AM
Today I can send bitcoin transaction with 31 sats/byte fees and it will be included within next two blocks. That is just $1.31 in fees. I don't see how bitcoin fees is a problem when I can send millions with just $1.31 in fees! Not to forget, bitcoin is the most secure blockchain, something altcoins will never match up.
2931  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #75 $50 Prize | Progressive Jackpot inside on: November 23, 2020, 05:44:37 PM
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2932  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #74 $50 Prize | Progressive Jackpot inside on: November 21, 2020, 07:03:17 PM
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2933  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #73 $50 Prize | Progressive Jackpot inside on: November 19, 2020, 06:30:47 PM
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2934  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #72 $50 Prize | Progressive Jackpot inside on: November 17, 2020, 06:09:03 PM
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2935  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #71 $50 Prize | Progressive Jackpot inside on: November 15, 2020, 02:45:56 PM
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2936  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #70 $50 Prize | Progressive Jackpot inside on: November 13, 2020, 11:53:50 AM
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2937  Economy / Economics / Re: Is Bitcoin the best reserve asset? on: November 05, 2020, 05:01:07 PM
The crypto adoption has becoming quite a interesting topic for everyone and many countries as well as institutions are making rules and regulations to adapt cryptocurrencies in their fiscal systems.But most of the companies like MicroStrategy, Square Inc has invested in Bitcoin and keep them as reserve assest which is good thing but only with the prospective as investment opportunity that will yeild them profits in future when the price rises but there is risk of volatility in this types of reserves due to price fluctuations as they are not backed by stable coin in the market.Moreover many people think btc and other alts as store of value like gold but it was built by Sathoshi with a different perspective of coin that will change the traditional methods of payments with decentralised digital revolution for the world which has many other functionalities in the market. MicroStrategy has gained over 40% of profit after it has invested in Bitcoin with over 39148 bitcoin in their reserves with increase in prices as per the reports as prices plunged over $14 this week.So weed need to understand the basic use of this coin and when we will use it in proper way the prices will automatically increase with increased demand and limited supply of 21 million and you can gain profits on them.
2938  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #66 $50 Prize | Progressive Jackpot inside 🔍 on: November 04, 2020, 07:40:54 PM
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2939  Other / Archival / Re: 🔍 Roobet.com | Guess Total Wagers #65 $50 Prize | Progressive Jackpot inside 🔍 on: November 02, 2020, 07:57:37 PM
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2940  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: November 02, 2020, 05:32:48 PM
Most of big companies are entering into crypto market to keep up the pace with growing digitalization of monetary system and that is what PayPal is doing so.With more than 340 million active users on their network and 26 million merchants they want to use btc to boost their profit ratio with large volume by charging transaction fees.They transaction would be settle in fiat which means customer will be paid in local currency at the time of settlement against the value of coins at that time.At present they have added Bitcoin and ETH in their payment system.But we might take this as an extra step taken in growth of btc and cryptocurrency market to expand at large level.
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