Bitcoin fixes part of the problem not all of it, it removes the need for third parties and prevents them from putting their hands in your pocket easily and without your permission, otherwise it doesn't eliminate the fact that these centralized authorities can still force anyone to answer to them and they can even force them to give up all the funds they received by intimidation, etc.
Are you suggesting that the Canadian government will use intimidation to force a group of truckers to give up the keys from a donation wallet? I believe that would be a first. Plus don’t Bitcoin mixers/tumblers, CoinJoin, and multisig literally fix that problem too? |
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One this people don't realize is that any time any day you see people Bitcoin is dead! Bitcoin is dead ! then it means that Bitcoin price at the bottom is over and is a sign that an upward trend will start soon. Is time to buy deep or regret later because it will be too late for you to cry when the head of cut off. Plus if plebs with limited, and with very little capital should buy, don’t buy blindly at any price, then DCA it like you have a capital of nine figures like you were Warren Buffett. That’s stupid. Get the most out of your limited capital by trying to buy DIPs to get a much Bitcoins as you can for your money. 1 BTC = 1 BTC, and plebs like us would have less BTC if we used our limited capital by blindly buying anywhere. |
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I don't disagree with your statement, but it's like comparing apples with oranges. Bitcoin is cryptocurrency while GoFundMe is crowdfunding platform. They could suffer from similar fate as long as they rely on centralized service (e.g. BitPay).
Who’s comparing apples and oranges? Bitcoin can literally fix their problem without any reliance in a centralized third party. Let’s compare apples to apples, Bitcoin fixed Heroine dealers’ problem by giving them a medium of exchange to use without fear of censorship. |
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MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. https://twitter.com/saylor/status/1488498422495817728Chad-Saylor bought the DIP again, and there are people in the internet with less than $1,000 of their own money held in Bitcoin who talk crap about this chad, and his Bitcoin purchases. It’s laughable. |
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If your statistics chief tells you that inflation is going extremely high at 36%, what should a calm, level-headed head of state do? Push it back to 0% by firing your statistics chief.  Turkish Bitcoiners are hedged.  |
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At $10 million, GoFundMe has placed the Freedom Convoy 2020 campaign "under review to ensure it complies with our terms of service and applicable laws and regulations", after mounting pressure to stop the campaign from Canadian media and the city of Ottawa. https://twitter.com/themarieoakes/status/1489032258136723461Canadian truckers are protesting the vaccine mandate. There are supporters, and people who are against the protests, that’s another debate. But GoFundMe is currently “reviewing” the fund raising campaign to possibly censor it later. If only there was a censorship-resistant currency that Canadians can use for that fund raising campaign. |
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 My fellow plebs, Bitcoin is “dead again”, and when Bitcoin is pronounced “dead again” by a low-IQ nocoiner, then in the context of this topic, you know what to do. You either buy the current DIP, then DCA, OR you start saving all your extra fiat and wait for a DIP. https://99bitcoins.com/bitcoin-obituaries/ |
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The solution is simple if you’re a Bitcoin HODLer. DON’T SELL, HODL.
OP, does India have the same rule that if you are HODLing your investment for more than one year, the profit is considered a “long-term gain”, and therefore the taxes are calculated at a lower rate than”short-term gains” of investments held less than one year?
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NFTs on the Bitcoin blockchain have been around for years on the counter party platform. I have a couple rare pepes myself. I did not know that. OK, I change my mind about NFTs. Although the NFT market currently is Tulip Mania 2.0, it might also have a purpose not only as an “asset”, but a technology of expression of socio-political viewpoints, and other such messages. |
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In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach?
Of course, adaptation is still at an early stage if you mean ordinary people who still haven't figured out (and some never will) what Bitcoin is. But you first compared some rich people from the past and Saylor who according to you could make trillions because he holds 100k+ Bitcoin, now you ask a completely different question... The context is of everything. The fact that “it’s early” in adoption, early in “defining” what it truly is, early in “knowing” its true implications to nation-states, makes its current price/market value also in the early stages. Do you believe price will crash to $10,000 as adoption expands? Why would it be stupid if it made sense from a game-theoretical standpoint?
I don't know what kind of games you mean, but for me, there is not much logic in your obsession with China, which according to you will have no choice "but to pass Bitcoin / allow mining too,", as if Bitcoin is something China depends on or will depend on in the future. From the perspective of mining profits, even if China has 100% control over Bitcoin mining, total mining profits + fees are trivial compared to what China makes from exporting its goods and services. China does not need Bitcoin, nor is it interested in anything other than making its bans work. If “some nation-states” utilize a technology to take advantage of “other nation-states” that are not using it, do you believe the “other nation-states” will not try to utilize the same technology to neutralize the advantage of “some nation-states”? |
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An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.
Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties. absolutely right, it seems he made a wrong prediction, so he made a decision that made the sale wasted, the plan did not go according to his wishes and was too forced in my opinion. In fact, if viewed from the perspective of opportunities, this decision must be taken when bitcoin is almost strengthening, but the current situation is the opposite, there is no guarantee for the market to strengthen bitcoin. OK, zoom out, and what would you do if something that priced at $60,000 is not prices at @ a -50% discount, with the opportunity that it might give the buyer more discounts until 2023. Those people during 2021 who wished they could go back to 2019/2020 to buy the DIP will be given a Golden Opportunity. Will you take it? |
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An exit strategy in my opinion needs to be a backup plan than a primary one. Because we don't know how exactly will be the market move. Everyone wants to sell high and get back into the market buying low. This can be made possible with time and not immediately. If the market is in large scale fluctuation, this might be possible. So, here we need to use the real exit strategy or the backup plan to cut the loss if market moves were against our prediction.
Hahaha, but I believe OP is following the wrong back up plan. In fact, he is following the WRONG PLAN. What he’s doing is selling his Bitcoins back to the market, back to the billionaires who will HODL them, so he can earn more fiat? He should constantly be saving, and bought the DIP during the day he made this topic. DIPs are opportunties. |
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People listed their desire to buy at $34k. Does this mean they want to buy again at $38k? Does that make any sense?
We don’t know. You might not have the desire to buy at $38k, and it would not make sense to you, but for others it will. Michael Saylor bought Bitcoin priced at more than $50,000. Someone who wants to buy Opium from the dark market can buy Bitcoin anytime, at any price.
Do not misunderstand me. I would caution against buying in or FOMOing on the whole market right now. I personally have some Tether on hand. Honestly, I don't have a problem with it, because it's a fact. Volume is more important than price movement alone. Perhaps downward trend could continue? I hate to use that word. But let's be realistic.
Good on you, you have some stablecoins to use to buy the DIP if the crash continues. |
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Russia will not attack Ukraine unless there are provocations. Ukraine has a very difficult situation, because one part of the population wants to join Russia, the other to Poland. It is a tool in the political games of the USA, Europe and Russia. The Russian people have not been afraid of sanctions for a long time, and if something is taken away from the Russian oligarchs abroad, then it will not be worse in Russia.
That’s another debate altogether. War or without war, it’s also another debate if Russia will accept/regulate Bitcoin mining, or mine Bitcoin themselves as a preperation for U.S. sanctions, and to use Bitcoin as a protocol/alternative for SWIFT/a settlement layer. The technology works, it’s robust, and it has been chugging along without down time. |
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When You start trading then i think you need to know about trading and skill. Experience trader they can get good return in trading. Leverage Trading Isn't easy because Very bad experiencing with leverage Trading. When people very emotional with trading Then they wrong decision and lost their investment money. Patience and control your emotion is necessary for trade.
But it’s a fact that 90% of traders lose their capital to the 10% most profitable of traders. There’s always someone who is better than you, more motivated than you, hungrier than you. It’s a competition. Plus most of us plebs overestimate our skills, this video illustrates what we actually are, https://www.youtube.com/watch?v=ktOL-SkHVdM |
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If Russia invades Ukraine, the E.U. and the U.S. will sanction them and ban them from using SWIFT, therefore isolating their banking system. If only there was an open, permissionless protocol that can be used as a fall back for their banking system. I don't think such sanction ever happens because it would harm US more than it harms Russia. There are already plans among the Easter block to abandon US dollar as it is, if US pushes them in that direction they would lose a massive volume from Russia, China and a bunch of other allied countries and that can easily tank US dollar sooner than previously expected. It currently won’t, but if a hot war happens to start between Russia/China, and the U.S./Europe? Because if Russia invades Ukraine, it might prompt China to make their move on Taiwan. Japan will ally with the U.S., North Korea with China, just a shower thought for the sake of discussion.
Interestingly enough bitcoin adoption is growing among these governments. A couple of years ago Iran adopted bitcoin for its import exports and also made it official recently. Others are following in those footsteps.
After El Salvador’s mining through volcano power, Russia/Iran mining through Nuclear power. |
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That’s true, but wouldn’t you agree with someone if he/she said that “we are still early”?
It depends on how someone would interpret the term "early" in the context of Bitcoin if we know that some 12 years have passed since the Genesis block. For some it is a lot of time, for others we are still at the beginning, for me personally we have crossed more than half of the most important path that began in 2009, and will approach one version of the end around 2030 when 99% of all Bitcoin will be mined. In the context of adoption, would you agree, or disagree if someone told you that, “We are still early”? Or you probably believe that Bitcoin, as a protocol, as a technological breakthrough, has climbed the highest peak it can reach? Just assuming that China admits at some point that Bitcoin is important to it, which is very likely not to happen given their political structure. Consequently, it be really stupid if China first banned crypto mining, waited for the US and Russia to position themselves with more than a 50% hash rate, and then jump back into the game? Bitcoin cannot be officially approved in any communist country, or those countries that strive for absolute control, so I don't know how you imagine that China will change its mind? Why would it be stupid if it made sense from a game-theoretical standpoint? |
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$5000 with 1x leverage is essentially buying spot - so you're buying $5k worth of BTC.
$100 with 50x leverage = controlling a $5000 long/short position with only 100 bucks. The benefit is you can use the rest of the capital for other trades or endeavours. That's the beauty of leverage, but as you probably know it is a double-edged sword. A difference between buying spot and using leverage is that you are exposed to the funding and margin rate.
Keep in mind that you are going to pay extra fees when the engine liquidates you. As a tip - you can set a stop order just above/below the liquidation price so you don't get charged "for free". I can't think of any other difference atm.
But a small move against your trade, you are liquidated and quickly lose $100. If you really need your money to be used somewhere else, then don’t trade. Capital used for trading and investments should only be for trading and investments. Don’t mix them with your monthly budget for expenses, or your savings. I learned that lesson, the hard way. |
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Can a person be supportive of Ross Ulbricht, but obviously still hold the opinion that those coins in your post are shitcoins, with shit-narratives? I support him for what publicity it might bring, and for the awareness because Ross Ulbricht’s case was a fraud case. The truth should come out. I mean you're entitled to your own opinion mate, so dislike away! A lot of vocal Bitcoiners like Peter McCormack(What Bitcoin Did podcast) thinks Ethereum and NFTs are bullcrap but will still be bidding in the NFT sale for the sole purpose of helping the cause. I applaud the likes of him despite me not agreeing with everything he says. I am honestly slowly starting to change my opinion on NFTs after seeing the extreme hate, and the extreme love for them in Twitter. The NFT market might currently be just Tulip Mania 2.0 today, but depending on implementation, a developer might fullfil Hal Finney’s vision, and develop it to become more. It can be a censorship-resistant method of delivering important messages for society.  |
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Discrimination and hate towards NFT holders? We know it’s Tulip Mania 2.0, but I wouldn’t turn NFT ownership into a social issue. EXCEPT if these haters are really NFT holders who lost money in Tulip Mania 2.0.  . I personally never made a dime out of NFT world neither but I didn't went against it, some stuff just doesn't make sense to people and they do not invest and they see others make a ton of money from it. I am an avid protestor of the shit memecoin world as well, not NFT world but the memecoin ones, but I have seen plenty of people make plenty of profit from it so I can't be too much against it, it is just how people make a profit and that's fine. All in all there is nothing we could do to stop them, just let the people who want to invest end up investing and learning from experience, that is the best teacher. I didn’t make money from it, I don’t feel hate for it. I believe the people with that kind of hate for something must have lost a large amount of money from it. Read their tweets. They are hoping that people die? If that grows to millions of haters, it will become a real social issue, which might make NFTs more than Tulip Mania 2.0. |
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