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Even if there's a record of multiple green daily candles in a row,that doesn't matter to me.
Such price patterns are temporary and history has shown that bullish and bearish trends don't last forever.
However,this might be a sign that the crypto traders are becoming more optimistic about Bitcoin.The spring FUD is over and the "summer lethargy" of the cryptocurrency markets might be over soon(probably during September).There might be a short term bull run coming.
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Is Bitcoin still yet a speculative asset or a store of value? I think people will have different opinions about this.
Also bitcoin high transaction fee, is it not related to this? Because the lower the fee the more Bitcoin will fit into the currency category. Bitcoin is both and there's nothing wrong with that.Most speculative assets are a store of value as well. The transaction fees depend on the transaction volume.If the blockchain gets congested with many transactions,the fees will go up.We can't control this process and artificially lower the transaction fees. Off chain solutions like Lightning Network will provide a way to keep the blockchain free from being stuck. The governments will always want to reduce our privacy,but there are still ways to keep our wealth private. |
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If Bitcoin is used to pay salaries, is it necessary to collect taxes? Yes,it is necessary.Why are you even asking?You can't use Bitcoin for tax evasion. The fact that Bitcoin is becoming more popular doesn't mean that the Bitcoin price will automatically go to the moon.More people are aware about Bitcoin,but that doesn't mean that they will buy Bitcoins. If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise. I don't get your point here.You are free to use Bitcoin for daily payments.Your decisions have nothing to do with other people's decisions about whether or not to buy,sell or HODL their own Bitcoins. I wish Bitcoin to be used for daily payments as well,but it doesn't make sense to spend your BTC,when their price might skyrocket tomorrow. |
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Dude,do you have to write boring walls of text to prove your point?  Bitcoin mining is transforming energy into value. People,who think that Bitcoin is useless and worthless also think that BTC mining is a waste of energy. This is opinion,not knowledge.We have to differentiate opinions from facts and knowledge. If Bitcoin mining was a waste of energy,then nobody would bother buying mining hardware and building mining facilities. |
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I have nothing against Amazon accepting cryptocurrency payments,but this sounds more like fake news. What's the point for Amazon to accept crypto in 2021?Why didn't they accept crypto in 2019 or 2020? If this is really true,I think that Jeff Bezos is going to repeat what Elon Musk did.This is going to be more like another pump&dump of Bitcoin and the crypto markets,rather than a sustainable project. At some point the Amazon CEO will complain about how bad BTC mining is,the BTC price volatility and the high transaction fees.We've seen this before... Anyway,I don't believe that this adoption will ever going to happen. |
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Did this cycle indicator predict the Elon Musk/China FUD,which crashed the Bitcoin price from 56K to 35K back in May? I don't think so... Those charts are good at predicting price patterns based on previous price patterns,which is a wrong approach,event though Bitcoin is kinda "designed" to move in pump/dump or bull/bear cycles. Such charts/cycle indicators cannot predict when major FUD news will strike the Bitcoin market and crash the BTC price.The behavior of governments and crypto whales cannot be predicted by any online tool or software. |
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When a crisis arrives, central banks usually say that they will do whatever it takes to solve it, which usually means ridiculous amounts of money being printed a large amount of debt being bought. The traditional banking system "multiplies" the effect as a result of the fiduciary system (you can lend more than you have).
With the new digital central currencies such as yuan, euro, dollar,... anyone could potentially hold an account on a central bank skipping the intermediaries. I think that this will have a negative effect on the ability to cope with further crisis by monetary policies. The risk should not be ignored.
I don't really think that the central bank digital currencies will make banks obsolete. Someone will have to evaluate the customers,who want to borrow money. The monetary policy of the big central banks is getting less and less effective mostly because of the negative interest rates and the increasing levels of globalization. I don't think that fractional reserve banking will disappear due to CBDCs.Fractional reserve banking can be done with digital currencies."Money printing" can also be done with CBDCs. I also think that "skipping the intermediaries",like you said,can have more pros than cons,but we still don't know what will happen. What I don't like about CBDCs is that they are trying to imitate cryptocurrencies. |
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Currently Grayscale's bitcoin trust owns 654k and the top companies hold 200k, that's 854k bitcoins out of circulation from 21million, not to mention an estimated million more lost. We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?
The purpose of Bitcoin is to be both a medium of exchange and a store of value. There used to be a time when BTC served better as a medium of exchange,now Bitcoin is more like a store of value.That doesn't mean that BTC can't be used for everyday payments,but the merchants don't want BTC due to the price volatility and unstable transaction fees. There's nothing wrong with Grayscale owning 654K Bitcoins. I don't really think that Bitcoin was truly adopted by Paypal.You can't withdraw Bitcoins out of your Paypal account.This isn't true Bitcoin adoption. |
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Viewing Bitcoin as some sort of religion is simply greediness.
Bitcoin is money and money cannot be worshiped as a God,even though there are people who worship Mammon(money,greed)instead of the real God,but with their actions and thoughts,not by what they say.
I'm more like an agnostic,so I don't know whether or not God exists,but I have always been skeptical towards religious cults.
Anyway,like other forum members have said,if you believe that the Bitcoin price will reach 100K USD in 2022 that doesn't mean that you believe in BTC as some kind of religious cult.
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Count me in.I will add the MCM signature and avatar soon.
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If the MCM guys don't pay Hhampuz for week 38 and don't pay us for week 39,we should make a thread in the Scam accusations forum.
Such irresponsible behavior from a cryptocurrency company must not be tolerated.
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I have read several times on this forum where people said human error is what lead to vulnerability to attack but I read that air gap computer was recommended several time on this forum is not that secure while Malwarebytes was also said to work base on how it was programmed, that is also not that secure and I believe in the next 5-10years Bitcoin price will reach 6digit and after this happens crypto holders will be the major target of online theft. As a preparation for what may happen now and in the future, what are the 0% error/100% step a crypto holder or investors need to follow to avoid been expose or securely save his investment from attackers? 1.Crypto holders are and always will be a major target for online theft.The Bitcoin price doesn't matter. As long as the Bitcoin price is above zero,hackers and scammers will always try to steal BTC. 2.There's no "0%error/100% step...Humans are not perfect.Technology isn't perfect as well.... |
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How can an ATM machine allow "face-to-face transactions"?
What about KYC policies?I don't think that the authorities would allow people to purchase Bitcoin thru ATM machines without ID verification.
The Bitcoin price would've been way higher,if Bitcoin purchases were easy and convenient.There's no doubt about that.The problem is that Bitcoin purchases will never be easy,cheap and convenient.
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I differentiate only two categories of Bitcoin users: 1.People who believe that Bitcoin and blockchain technology is the future and after X amount of years,Bitcoin will dominate the world of finance.You can call them Bitcoin maximalists. 2.People who view Bitcoin as a way to make "easy" money(by trading or HODLing),so they are into the BTC community only for the money and nothing else. They don't care about blockchain technology,hashrate,Segwit,Taproot,sidechain projects like Lightning Network or cryptography. They only care about the BTC price,making money and that's it. I don't know how to call them.Maybe "greedy traders" is a good name. |
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Anonymous cryptocurrency wallets?Are they talking about cold storage wallets?
Are there any anonymous cryptocurrency wallets in existence?Almost all online wallets require ID verification.
If the EU decides to ban cold storage wallets,then we might have a problem.The people will be forced to store their BTC into centralized online wallets,which support KYC.I have nothing against KYC,but what happens with the coins,if such services go bankrupt or turn into exit scams?
"Not your keys,not your coins."
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When will Bitcoin become easy to use like a credit card, like swipe/contactless directly without using 3rd parties to facilitate this? I know there's bitcoin credit cards but they still using 3rd party Visa or Mastercard facility for this which is centralized not decentralized. What's the point of using decentralized bitcoin to pay for stuff when we still need to rely on middle man centralized visa or mastercard who can freeze your card anytime they feel like it. Bitcoin is suppose to be independent and decentralized. Imagine buying a lambo on a bitcoin credit card and realise at the checkout visa or mastercard has declined your payment Shocked When it comes to payments there will always be a middleman service. When you pay with Bitcoin,you will have to use an escrow/middleman,otherwise the other side might scam you. The main factor that makes the Bitcoin price volatile is the scarcity.Bitcoin would have been way less volatile,if there was a bigger BTC supply.Unfortunately we can't dump one of the main features of Bitcoin,just for the sake of making the price more stable or making BTC more user-friendly. |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
When fresh money enters the crypto market,many sellers are selling their BTC and buying altcoins,because they think that they will make bigger profits from the higher profit margins that some altcoins have. When panic selling occurs on the market,all the altcoin traders start selling their altcoins for BTC and all the Bitcoin traders sell their BTC for fiat money or stablecoins. In a bull market the money stream goes like this fiat>Bitcoin>Altcoins. In a bear market/panic selling,the money stream goes like this Altcoins>Bitcoin>fiat/stablecoins. This might look oversimplified,but that's just the way I see the crypto market. |
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Hi, I want to set up a trap for the scammer, and I need an empty bitcoin wallet from which transactions have been made but which will never be used, I want to give them access to VM and leave a lot of encrypted files and some empty wallets on the desktop
What is the main goal of your trap?Do you want to get the scammers IP address? I'm sure that most scammers are going to protect their real IP,by using VPN or residential proxies. Do you want to waste their time by scambaiting them?I assume that you are currently scambaiting call center scammers. Do you want to get their real info and dox them?I don't think that is possible,unless you are dealing with some pretty stupid scammers. |
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We will have to wait and see what happens with these Bitcoin DeFi projects. I'm pretty skeptical about this.So far,I have never seen a really successful DeFi project,that was based on ethereum or any other altcoin.I don't think that Bitcoin based DeFi projects will be any different. Assuming Bitcoin devs (not just Square's) are able to create a system that is both efficacious and secure, I believe that it could become the primary DeFi network. I don't think that the Bitcoin Core developers will bother with creating a DeFi network. They have other things to do.If you want something secure and effective,just stick to Bitcoin Core and forget about second layer or third layer solutions. |
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Once again the market has been manipulated after the statement of Elon Musk "Tesla will Re-accept Bitcoin" and this way based on the volume of accumulation one day bitcoin network might go completely into the hands of centralized powers.
It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.
The Bitcoin price is moving in a -/+5% window(which is totally normal) and you are talking about price manipulation?Are you kidding me? I don't know about any recent statements made by Elon Musk,but the Bitcoin price didn't react to these statements,which is a good sign. Decentralization of Bitcoin has nothing to do with the distribution of Bitcoins around the globe. The price of every financial asset can be influenced by "someone's words".What about stocks or currencies? We can't stop the crypto whales from buying as many Bitcoins they want. |
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