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2941  Bitcoin / Press / Re: [2023-01-26] Goldman Sachs Described Bitcoin As Best Performing Asset of 2023 on: January 28, 2023, 03:10:52 PM


"We expect further declines in the future given our view that these cryptocurrencies do not fulfill any of the three traditional roles of a currency: they are neither a medium of exchange, nor a unit of measurement, nor a store of value."

We can't say they were completely wrong when it comes to cryptocurrencies in general, but when it comes to Bitcoin it's hard to find any significant bank or financial institution that thought differently 4+ years ago. Banks should therefore never be a benchmark or an indicator of someone's decision to invest or not in something - they just want to appear smart from time to time, as if no one in the world knows elementary mathematics.
2942  Other / Off-topic / Re: Knowing backup and recovery methods is the very important on: January 28, 2023, 12:09:27 PM
~snip~
Not everyone can afford a hardware wallet but yes it's recommend to write down seed phrases somewhere safe, I do not and will not recommend storing wallet seed phrases on your phone either through PDF files or .DOC files, they get compromised easily this way, few mobile wallet allow 2FA that's why the point is pointing to mobile crypto wallet too.

Anyone who can afford a smartphone should also be able to afford some cheap hardware wallet, because I think that HW is even cheaper than a lower class smartphone. I know that some people have problems buying HW because the problem is caused by customs, maybe the manufacturer does not deliver to their country or there is some other reason, but using a smartphone for crypto trading, storage, and downloading various applications is nothing more than a big risk.

I think there is still a recent story of a member who lost or had his smartphone stolen with a significant amount of cryptocurrency stored in it, and of course he had no backup. If you are already using a smartphone, then be especially careful with your every action, because every mistake can be expensive.
2943  Other / Beginners & Help / Re: A fortunate story of a crypto mentor on: January 28, 2023, 11:58:00 AM
I set things for myself in the following way when it comes to what I want to invest in crypto-currencies in general, considering that, like most, I was curious at the beginning and did not focus only on Bitcoin. I tried to save on things that I considered unnecessary in life, so I stopped smoking, eating fast food, and instead of a lot of low-quality alcohol, I started drinking a little high-quality alcohol.

All that money was diverted into investments, and part of it was of course unsuccessful, but it was not difficult for me to bear because I know that it is better to lose it that way than to spend it on things that destroy my health. Given that this board is read by beginners, maybe this experience of mine will be a good guide and motivation for some to try to do the same thing.

Of course, we spend money on a lot more unnecessary things, and everyone can decide to give up something and try to invest in something that will bring them profit and a better future.
2944  Other / Meta / Re: New bitcointalk rank? 🔥 on: January 28, 2023, 11:45:49 AM
I remember that day, when the merits become a thing in the forum. Since I was a Legendary user at that point I get instant 1000 merits, and when I realize other users have to get those 1000 merits to become a legendary user I really feel bad for them.

You are looking at this matter from a completely wrong perspective, because nobody got anything as a gift, not even those 1000 merits. All members who were Legendary rank before the merit system remained at that rank because they got it according to the old rules, and if the merit system had existed before, some of us would have earned it without any doubt.

The only injustice (if we'll call it that) is that some shitposters invested only their time to become Legendary, and today the rules are different and apart from time you have to invest a lot of effort to reach the same rank.



The new rank is not something that makes too much sense to me, but I think that if such an idea were to come true, it should be awarded to those who, for example, earned over 10 000 merits, because it is still an achievement that is worthy of some kind of award. What I would also suggest to make is some kind of difference between the Legendary rank that is achieved only with airdropped merits and the one that is achieved exclusively with earning merits.

For example :

Legendary (airdropped) remains the same as before.
Legendary achieved without airdropped merits (coin color change).
Legendary who earned over 1000 merits after airdropped merits - maybe call them Legendary Veteran.
2945  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2023, 04:12:33 PM


I would add that it is perhaps one of the most underestimated of all, but only for the reason that central banks, the World Bank, the IMF and similar institutions are not behind it. This perhaps best speaks of the state of the human mind, which is in most cases not ready to accept any revolutionary changes that are not blessed by their dear leaders.
2946  Economy / Reputation / Re: My Apology to Bitcoin Community and Request for a 2nd Chance on: January 27, 2023, 03:53:59 PM
I think most people deserve a second chance and I know many have gotten it on this forum, but in this particular case I agree with @lovesmayfamilis and I wonder how many chances the OP deserves if this is the third or fourth? I'm not one of those who was harmed in any way by the OP's actions, and I'm not one of those who supported the flag or left negative feedback, but all those who have a part in it should think carefully about whether it's time to change their opinion.

There is a saying that says "the wolf changes its hair, but its temper never changes".
2947  Other / Beginners & Help / Re: If you think 21,000,000 BTC is not enough for everyone then you are wrong! on: January 27, 2023, 03:03:22 PM
21 million is quite enough and I think it will be enough in the future, because no matter what some expect that a mass adaptation will happen, I think that Saylor and similar people are just exceptions who are far ahead of others when it comes to Bitcoin. From 2009 to today, there was enough time for a lot more people to decide to use Bitcoin, but less than 5% of the world's population did it, so I don't believe that in the next 10 years that percentage will be more than 15% in the best case.

If the price rises to some six-figures, then even 1 million BTC on exchanges will be quite enough for all those who want to invest.
2948  Economy / Web Wallets / Re: Blockchain.com stole my money, please help me on: January 27, 2023, 12:18:16 PM
@Sherif1258, can you confirm that it is a wallet that you created and used in the past without problems? It seems to me that you may have several accounts and that you may have mixed them up, although I would not rule out that it is an internal error, which were not rare in the past when it comes to this service.
2949  Economy / Economics / Re: A True Leader With Economic Vision. on: January 27, 2023, 11:29:24 AM
@stompix, the OP is not the only one who has that opinion, because there are many who promote that site on this forum and through social networks just because of the domain name. People simply live in the delusion that everything with the name bitcoin in its name is good and positive, but those of us who have been with Bitcoin for a little longer than 1 or 2 years remember well the attack on Bitcoin orchestrated precisely with the help of those people. Bitcoin Jesuses turned into Bitcoin Jews overnight, and will remain so for the rest of their lives, regardless of whether they have ever done anything good for the Bitcoin community or will ever do it in the future.

However, I am optimistic and hope that the OP has learned something from all the posts he can read in this thread.
2950  Other / Beginners & Help / Re: we always regret once the price go up on: January 27, 2023, 10:58:11 AM
There's an old saying that it's not worth crying over spilled milk, and I think everyone should think that way because everything else doesn't make sense. There are people who, in the very beginning, made some quite normal transactions related to Bitcoin, and today they do not seem very logical because the value of BTC has changed - so that famous pizza was paid as much as 10 000 BTC, which seems incredible from today's perspective.

The fears that people have are sometimes justified, but the news that the price of BTC will fall to zero or something similar should never be considered as something that affects our decisions, because it turned out to be only a good tactic to scare weak hands. Sometimes it's good to trust your instincts and not rely on various unreliable news, 90% of which is usually garbage that attracts you with some clickbait headline.
2951  Economy / Speculation / Re: Could this be the reason for the recent rise in Bitcoin price? on: January 26, 2023, 04:30:09 PM
Did you maybe read the article, any of the ones you linked? Nowhere is it mentioned that it is ransomware, nor that any kind of ransom is being demanded, and even if this is miraculously true, do you think that the attacker would demand such an amount in BTC that it would affect the entire crypto market? Even if governments decide to buy BTC, they would certainly not do it on the open market, but would use OTC.

Quote
They do have a rough idea of what caused it, and it's linked back to this corrupted database file that appeared to be getting uploaded, and then they thought the issue was fixed. All of this goes back to Tuesday afternoon, you know, more than 12 hours before passengers started to really feel the impact. They thought it was fixed. Then they had to go back. They realized they had the same problem, and then they essentially decided to pull the plug and start the system over again. And this is quite an old system, right? It goes back to the '50s.

JOSEPHS: It does. I mean, they are in the process of modernizing it. The issue is with this bad file. And if you've ever tried to attach something to an email that, you know, maybe it was a corrupted file and you just kept hitting the same wall and the person receiving the email wasn't able to open it...
2952  Economy / Services / Re: IPTV services for bitcoin on: January 26, 2023, 03:55:40 PM
I don't think these services are limited to some countries. These services are available worldwide. On doing a simple google search i found this site

I did not claim that the service is limited to the mentioned countries, but that the list of programs they offer is made up of programs from those countries. It is easy to check if you click on the tab List.

Anyways i was unable to find anyone offering these services on the interent.

You must be kidding, there are hundreds of such services that offer IPTV even with Bitcoin payment.
2953  Economy / Speculation / Re: Bye Bye Bear Market :) on: January 26, 2023, 03:35:50 PM
The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like.

I don't underestimate the Asian markets, but I think that the purchasing power is still much stronger in the west, although it is obvious that people in countries with a lower standard are far more interested in Bitcoin. According to some research, Vietnam, the Philippines and India are in the top 5 countries according to the global adoption index, but at the same time, from time to time we get bad news from India about how they want to ban cryptocurrencies or increase already high taxes.

Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs.

I would say that it is quite unrealistic to expect that China will change its attitude towards Bitcoin, but it does not surprise me that this attitude can change when it comes to some other forms of crypto assets. Absolute control has always been China's first priority, and they certainly cannot achieve that when it comes to Bitcoin. In addition, a complete change of policy towards the entire sector would mean that they admit that they were wrong, and the communists avoid that at all costs.
2954  Economy / Economics / Re: A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle? on: January 26, 2023, 03:13:13 PM
Becoming rich is not that difficult, in the big scheme of things. One good idea, a bit of luck, or an incredible skill (think of Leo Messi) can lead you to become very rich.
The difficult part is staying rich. Securing such a luck to your heritage.
This is what Bitcoin si for.

There is some truth in that, although only a small percentage of people manage to find the perfect combination that consists of a top idea, a way to finance that idea and an element of luck without which it is difficult for it to succeed. Admittedly, some people are just lucky and become rich because they won the lottery or a rich relative left them a large fortune that they didn't even know existed.

Staying rich is really a problem for some, because I remember an example when an elderly man in my country won the main lottery prize (about a million euros) and after a few years appeared in the newspaper with a story about how he was left with nothing.



It is hard for me to say at this moment how much BTC I would need to feel rich, although I am not one of those who would like to have some kind of status symbols that determine how rich you are, such as yachts, luxury villas or expensive cars. For most of us who live in the EU or the US, having one BTC is not a fortune considering the prices we pay, maybe if the price of BTC would go up at least x20, but for someone who lives in a country with a low standard, 1 BTC is already a real fortune today which can enable you to buy a house, a solid car and more.

I somehow doubt that 0.6 BTC would be enough for a slightly better lifestyle in countries with high standards, at least not in the near future. However, maybe one day that amount will really be enough, but only if the demand is so great that it pushes the price to heights that few people talk about in a serious tone today.
2955  Economy / Economics / Re: Keeping money and keeping bitcoins? are they similar? on: January 26, 2023, 12:06:51 PM
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

People who are financially literate and always research what they invest in will have no problem with any investment, and that includes Bitcoin. On the other hand, for the majority it is not the case since they keep their money in banks, which is a very simple procedure that does not require you to be too intelligent. This is why many make a big mistake by putting banks and crypto exchanges in the same basket and treat fiat and Bitcoins in the same way, which is completely wrong.

Storing Bitcoin is therefore a challenge for everyone, first of all a security challenge, but also a challenge resulting from a lack of understanding of the market and panic that often causes many to sell at a price lower than what they bought. Some research says that less than 5% of world's population has anything to do with Bitcoin, whether it's a simple investment, trading or paying with it, which means that the average person is not ready or interested in Bitcoin at this time.
2956  Other / Meta / Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed on: January 26, 2023, 11:41:39 AM
Paraphrased
User: Blawpaw
---
Plagiarism
User: Blawpaw

Unbelievable, Legendary member since 2013 (unless the account has changed owners) does not know what plagiarism and paraphrasing are. It didn't occur to me to check his posts, but it seems that this is just another proof that rank means nothing even if it is Legendary. I hope for a quick response from the mods.
2957  Economy / Services / Re: IPTV services for bitcoin on: January 26, 2023, 11:17:40 AM
Yes, i am also looking for some cheap IPTV. Those offering services in this forum starts at 10$ but i have seen some local vendors in my country offer way less than this amount.

You have such services for less than $5 a month, but in 90% of cases you will have problems with viewing because such service providers compensate the price of the service with worse servers and a much larger number of users than they should have. If you want a somewhat high-quality service, then you will have to pay for it, although always ask for a test for at least 24 hours and try to do it on the weekend when the server load is the highest.

Also i have asked what is the different between B1G, 5GLIVE, OPPLEX ? Are they different servers for IPTV ?

As far as I understand from the offer, these services offer programs from India, Pakistan... and it is possible that they all have the same owner, because that way they get more users. The only way to know if there is a difference in quality is to try each one and then decide on the one that works best for you.
2958  Other / Meta / Re: Is there a chrome extension to receive forum notifications? on: January 26, 2023, 10:48:34 AM
As far as I know, there is no such add-on for any browser, and even if there were, I personally would not use it because I avoid any unnecessary add-ons in the browser. As you wrote yourself, there is a Telegram bot, and you can also receive notifications on your e-mail (at least as far as private messages are concerned).

However, if that accessory means so much to you, you can order it from @mprep because he offers such accessories, among other things -> mprep's Web & Desktop Software Development Services
2959  Other / Beginners & Help / Re: Reason why I will never help anyone to invest in crypto on: January 26, 2023, 10:38:39 AM
I can somewhat understand the initial excitement and the need to share one's successes with others, but anyone who does it in such a way as to tell such things to their friends and acquaintances is only creating problems in their own lives, whether it is the risk of becoming a victim of hacking/armed robbery or someone will blame you because their investment failed (for whatever reason).

I have noticed that most people from African countries care very little about their own safety and do exactly the opposite of what an average investor from Europe or the US will do. If you want to spread knowledge about Bitcoin, you have so many opportunities thanks to the Internet, don't expose yourself in the real world and pretend to be a financial advisor.
2960  Other / Meta / Re: Why we do not have an official YT channel to counter mainstream? on: January 25, 2023, 03:51:45 PM
EL Salvador has set an example for other economically unstable countries to adopt Bitcoin as a legal tender. What a day for the global Bitcoin community and those who believe in it. What pisses me off is that none of the mainstream media that printed or posted or telecasted negative implications of Bitcoin being a legal tender have not posted any news of this achievement.

What are the effects of what El Salvador did - do you have data showing how much Bitcoin as legal tender has changed anything in that country? The media has always been mostly negative towards everything that has to do with Bitcoin, but the reason lies in their owners trying to protect their interests.

----

We need a mechanism to stop this nonsense from mainstream media. We as a community should come up with an idea to counter the mainstream media and I think an official channel of Bitcointalk which is also active should be on Youtube as a start. I know there have been discussions in the past about the same but when so many members on this forum are making good money with the signature campaigns a little bit of donation for this cause will help the community in the long term.

Do you want to fight against the most powerful media corporations with one YT channel? Well, it's like going with a wooden gun at the most powerful tank or shooting a fighter plane with a slingshot. In addition, it is not that there are no initiatives to debunk some lies such as to denounce Faketoshi or to dispel the myth that Bitcoin is dangerous for the environment, but one should be realistic with the set goals.

If the forum decided to do something about your idea, then donations would not even be necessary considering that the forum has enough resources to finance such a project.
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