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2941  Economy / Speculation / Re: What will be the lowest price of bitcoin from June to December 2021 on: July 15, 2021, 11:35:02 AM
What did you think can be the lowest price of bitcoin in 2021 from June to December. The price of bitcoin has been within $30,000 and $35,000 for long, if the price go beyond $35,000, it is not still passing $40,000. Now that the price is always very close to $30000, I am think it is possible for the price of bitcoin to go below $30000. Is it possible for the price of bitcoin to decrease beyond this level?

Let me pick my crystal ball and I will tell you. Grin
Both scenarios are possible.The price might go below 30K or it might go above 40K.We just need some forces that will push the market to a certain direction.In the first case,we need FUD and some crypto whales selling their coins and creating panic selling.In the second case,we need some really positive news about a billionaire or a major corporation buying lots of Bitcoins and creating a FOMO wave on the BTC market.
The problem is that all the crypto whales and big company CEOs are on a vacation this summer,so they don't care about Bitcoin right now. Grin
2942  Other / Archival / Re: Brief History of Bitcoin Adoption on: July 15, 2021, 11:07:50 AM
In the first two quarters of this year,we were expecting Bitcoin to be massively adopted by institutional investors and big corporations.Then Elon Musk started trolling BTC,the Bitcoin price crashed and all the institutional investors,that were showing interest in BTC simply stopped expressing interest for BTC. Grin
I know that Bitcoin adoption won't be a steady and predictable process.There will be huge obstacles and there will be times,when many companies and people will dump Bitcoin.
 
2943  Economy / Economics / Re: Singapore, the banking industry, and Bitcoin on: July 15, 2021, 06:16:50 AM
AFAIK Singapore isn't very Bitcoin/cryptocurrency friendly.
Do you have any insider information that Singapore is going to become pro-Bitcoin and accept Bitcoin as a legal tender?Are we going to play the guessing game about which country will be "the new El Salvador"? Grin
Isn't this just wishful thinking about what will happen to Bitcoin,if country X(insert random name of a country) adopts BTC? Grin
I believe that Bitcoin should be a truly global currency/asset.We shouldn't rely on one,two or several countries to be considered "the home of Bitcoin".
2944  Bitcoin / Bitcoin Discussion / Re: Future money! on: July 15, 2021, 05:55:36 AM
Let me remind you that most of the countries around the world are neutral towards Bitcoin and crypto.
Don't try to make FUD posts,based on the few countries,that are anti-Bitcoin.
You are writing that the "government is trying to slow down Bitcoin".Which government?Can you be more specific?Is it the US government or the Chinese government?There are 220 governments around the world.
Do you mean that KYC is slowing down Bitcoin adoption?Well,KYC is mandatory for all financial services.
You have to be ID verified,when you open a bank account or a FOREX trading account.Does that mean that KYC is slowing down fiat currencies as well?
2945  Bitcoin / Bitcoin Discussion / Re: Satoshi logo (my proposal) on: July 15, 2021, 05:29:36 AM
I applaud your attempt but the logos are too plain (simply types "Sat") and too long (3 characters).
It is best if you work on a better design and try to come up with only 1 character logo instead of 3. That way it could be similar to any other currency symbols such as: $ € ¥ BTC.

I'm not an expert,but here are my two cents.
A logo and a currency symbol are two different things,because currency symbols are NOT logos.
They are just symbols.
A symbol can be a logo as well(Apple logo),but a logo can be a symbol and sometimes it can consist the name of the company,brand,product,etc.
I don't know what exactly is OP trying to create-a logo or a currency symbol.I don't think that this design can serve both as a logo and a currency symbol.A currency symbol must contain only one letter,not three.
2946  Economy / Economics / Re: At least it was something great on: July 14, 2021, 11:44:40 AM
Simply owning a currency or a financial asset has nothing to do with greatness or being great. Grin
Glorifying Bitcoin or the blockchain technology seems kinda wrong to me.At the end of the day,this is just a technology.Every technology just comes and goes.The telegraph was a big deal in the XIX century,but now we are using smartphones and computers.Bitcoin might be replaced by something better in the next 10,20 years.This might be some altcoin or it might be Bitcoin 2.0.The blockchain technology might also be replaced by a better technology.We shouldn't put a technology on a pedestal.
2947  Bitcoin / Bitcoin Discussion / Re: Identifying Satoshi Would Be a BAD Thing on: July 14, 2021, 11:11:45 AM
I get your point,but Satoshi Nakamoto is not Julian Assange or Edward Snowden.
He never revealed government secrets and he cannot be blamed for treason or some other bs.
Bitcoin didn't destroy the fiat money system.The BTC users are a small number,compared to all fiat money users and even the Bitcoin users are still using fiat money.
If it was so bad to be acclaimed as the creator of Bitcoin,then why Craig Wright is so desperate to be recognized as "the real Satoshi"?Is he stupid?Would the US government try to destroy Craig Wright,if he was the real Satoshi Nakamoto?I know that he isn't the real Satoshi,but that's an interesting hypothesis.
2948  Bitcoin / Bitcoin Discussion / Re: Crypto for the homeless - California volunteer doing some good work! Check it! on: July 14, 2021, 06:33:51 AM
This looks like a great project.
I think that this forum thread belongs to the Project development or Service announcement forums,but it will get more views in the Bitcoin discussion forum anyway.
Charity is a great thing,but I do believe that those homeless people need serious help from the government,so they could get a job and put their shit together,instead of getting a bunch of food for free.This type of charity doesn't solve the problem.Give a poor man a fish and he will eat once.Teach him how to fish and he will never be hungry again.
2949  Bitcoin / Bitcoin Discussion / Re: I rather stay hungry than sell my Bitcoin on: July 14, 2021, 06:07:12 AM
You can do whatever you want with your coins.I don't care about what you are going to do with your coins.
There's no point of bragging about how you will stay hungry,instead of selling your BTC.
You do whatever you want.I would never stay hungry,because hunger makes me less productive. Grin
There's no problem selling your BTC now and buying some BTC after a few days,because the BTC market price is pretty stable right now.This always happens during the summer.I guess that the crypto whales and traders are on vacation.
2950  Bitcoin / Press / Re: 2021-07-10 Btc Mag - The Inevitability Of Bitcoin Supremacy on: July 13, 2021, 12:25:14 PM
This article is written by a fanatical Bitcoin believer.
I don't think that it is inevitable for Bitcoin to become a global currency.Bitcoin will remain predominantly as a financial asset and the investors will keep viewing Bitcoin as an asset,rather than a currency.
I don't think that there will be a "one size fits all" type of currency,that will dominate the world in the near future.
The multi-currency system(both fiat and crypto) will continue to exist and there will be no total dominant.
The financial markets aren't a tournament or a contest,in which "only one will survive in the end".
Having diversity and competition is better than having only one currency and no choice left.
2951  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin become a true decentralized currency? on: July 13, 2021, 11:08:58 AM
The whale manipulates its value and is so easily manipulated. Is this decentralization?

Decentralization has nothing to do with the market price.Read more about BTC,instead of asking newbie questions that were asked a million times.
Decentralization is about who can control the blockchain and decide which transactions to be confirmed.
Decentralization is also about controlling the amount of newly mined Bitcoins.
Gold price is manipulated,is gold "decentralized"? Grin
Every market can be manipulated.
2952  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold on: July 13, 2021, 04:59:52 AM
Isn't Steve Wozniak kinda delusional or simply talking BS?
One day we will manufacture gold in our factories?Really? Grin
I don't know if whether or not gold is less scarce than Bitcoin,but the main feature of Bitcoin is the blockchain.Scarcity is what gives market value of Bitcoin,but the blockchain is what gives security to BTC and makes Bitcoin a trusted payment network.I guess that the blockchain can be called a "mathematical miracle",but miracles don't happen in mathematics. Grin
2953  Bitcoin / Bitcoin Discussion / Re: Why did Satoshi use GB English and international English ? on: July 12, 2021, 12:22:10 PM
Quote
criticised/criticized
serialisation/serialization
optimised/optimized
optimisation/optimization

This might be just a bunch of errors.
I'm from eastern Europe and sometimes I make the same errors,when I'm writing words like these.
I don't know when to write the letter s or the letter z in some English words.
Does that make me a potential "Satoshi Nakamoto"?I don't think so. Grin
I also think that it is grammatically correct to write the words in your list with z,instead of s.
I'm not an expert in English grammar,though... Grin
2954  Economy / Economics / Re: Do you miss buying games on Steam by paying with bitcoin? on: July 12, 2021, 11:58:39 AM
Perhaps many don't know, but Steam accepted Bitcoin payments some time ago, but stopped in the same year (2017).

Do you buy Games paying with Bitcoin? Electronics, headsets, peripherals, etc. Paying with Bitcoin, LN or Altcoins?

No.I would never use my Bitcoins to buy a game on Steam or anywhere else.
I bought a CS:GO skin for 100 euro on Steam,by using a Steam wallet gift card,which I purchased from a website by using Paypal.It was a stupid move and regret buying that skin,but who cares. Grin
I don't know why Steam declined Bitcoin payments.Was it because of the BTC price volatility?
Many skin marketplace websites like Bitkskins,Skinbaron and CS.deals are accepting Bitcoin and altcoin payments.Game marketplaces like G2A and Eneba are also accepting crypto payments.
This means that we don't need Steam to accept crypto,in order to buy games and skins by using cryptocurrencies.
2955  Economy / Speculation / Re: Bitcoin - Deflation, economy - inflation. Connect dots and end the FUD on: July 12, 2021, 06:49:53 AM
Since when a conman like Robert Kiyosaki is viewed as an authority in the field of macroeconomics?
I remember what Kiyosaki said years ago.He said that Bitcoin is a "shiny object",which didn't sound very positive.Now,he says "buy more Bitcoin". I can assume,that he might be a skeptic,who evolved into a believer in the power of Bitcoin,but I still don't trust this guy.
High inflation is coming,but we shouldn't put so much trust into some "preachers of the Apocalypse".
There were famous people,who kept preaching about an upcoming "major crash" or "the biggest financial crash of all times" during the last decades.Such crash never happened.There's a small chance for such crash to happen,but also there's a chance of a fast and rapid recovery of the global economy after the pandemic.

 
2956  Bitcoin / Bitcoin Discussion / Re: Self-Proclaimed Satoshi Arrested Over Bitcoin Fraud on: July 12, 2021, 06:10:29 AM
Another crypto scammer got busted.Good job from the German police.
I've never heard anything about this self-proclaimed Satoshi.He isn't as famous as Craig Wright or one of the other fake "Satoshis".
Getting other people's money to buy mining hardware and build a mining facility in....Sweden?
Yeah,that should work. Grin
It's too sad that there are still people,who would believe such bullshit business plan,only because Bitcoin has been used as a buzzword and many naive people still associate Bitcoin with fast and big profits.
2957  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin spinoffs devalue Bitcoin over the long term? on: July 10, 2021, 06:22:03 AM
Just take a look at the market cap of all forked Bitcoins and you will answer your own question.
I remember that some of the big Bitcoin hardforks actually pumped the Bitcoin price,because the traders started buying more BTC,expecting to get some forked "Bitcoin" like BCH for free,and those BCH actually had some value on the market.
In the long term,more people will dump these forked "Bitcoins"(BCH/BSV) and their value will go down.
I don't see how this will devalue Bitcoin Core.
 
2958  Economy / Speculation / Re: Is this a good plan on: July 09, 2021, 11:15:12 AM
This looks like a good plan,as long as your expectations become reality.
What if the Bitcoin price doesn't drop below 30K USD?Will you just keep waiting and not investing the rest of your capital?If you are so sure that a big price drop will occur,then why don't you try and take advantage of it by shorting your BTC?I'm not giving you any financial advise.I'm just asking why are you so confident that the Bitcoin price will drop?
2959  Bitcoin / Press / Re: [2021-07-09] Russia Drafting Law on Confiscation of Crypto Assets on: July 09, 2021, 10:56:41 AM
This is a step in the right direction.Cryptocurrencies,which are obtained via illegal activities must be confiscated from the hackers/scammers.
Every normal country must have such law.The problem is that the Russian government cannot be trusted and the Russian police might confiscate cryptocurrencies,which aren't obtained via illegal activities.
The Russian court system cannot be trusted as well.If you are from Russia and the government steals your crypto coins deliberately or by accident,the Russian court will not stand by your side.
2960  Bitcoin / Bitcoin Discussion / Re: The Dangers and Blessings of Maximalism on: July 09, 2021, 06:39:29 AM
I can say that I am a moderate Bitcoin maximalist.I have nothing against altcoins,if they are legit,like ethereum.I'm totally against shitcoins,centralized tokens and central bank digital currencies,which is quite understandable.
I do think that Bitcoin is better than 99% of the altcoins and definitely better than fiat money,but Bitcoin is far from being "perfect money". Thinking that Bitcoin is "perfect money" is kinda delusional.
Viewing Bitcoin as some sort of cult or religion,that is perfect by default is really cringe.BTC has it's flaws,but there's nothing wrong with having flaws.Nothing in the universe is perfect.
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