Will these steps promote mass adoption? Your thought?!
This is mass adoption. Billionaires, institutions, companies are a part of the mass too. We are witnessing the beginning of the official adoption phase, and after that, maybe years later, Bitcoin will be an established asset just like precious metal, and more of the general population will invest in it, because even now a lot of people only view it as a risky speculative investment. Mass adoption for payments is not possible until Lightning Network is ready and price is stable. |
|
|
|
|
This isn't exactly ground-breaking, such projects have been existing for years, and they never became popular, which in my opinion is a good thing, because young people shouldn't be encouraged to gamble.
To me, the only exciting thing about Bitcoin and gaming is the possibility of Bitcoin Lightning Network integration in online game stores and in the games themselves.
|
|
|
|
|
Just like any other pump and dump group, it won't work, because there's a huge incentive to betray the group. Let's say everyone agrees to sell a coin at $10 - then the optimal strategy is to actually sell at $9.50 in order to guarantee as close to maximum profit as possible, because if everyone starts dumping at $10 together, the price would fall quickly and most members will have to sell at lower prices. So, everyone will just try to sell earlier and earlier and the pumps will be small.
|
|
|
|
|
You'd need to get at least a few major exchanges on board with this conspiracy, because if just one exchange tried to make fake trades, everyone would quickly notice it and then no one would use this exchange and there would be an investigation. But even with a big conspiracy to manipulate the market, researchers might be able to spot it, with mathematical tools and blockchain analysis, such abnormal trades could be spotted, and there's a huge chance the people involved would go to jail.
|
|
|
|
|
You're looking at it wrong, there's enough units to not worry about it, and negative effects of fixed supply on the economy could only be observed if there's very high level of adoption, like when literally everyone hoards Bitcoin - we're so far from it right now that such time might never come.
The biggest challenge is scalability, because even with Lightning Network Bitcoin wouldn't be able to process all transactions in the world. But again, Bitcoin is still far from worrying about it, because it's rarely used for payments, projects like Openbazaar see very little traffic.
|
|
|
|
but do you think the police would help me?
Chances are the scammer is from some other country, and no one will launch a world-wide investigation over stolen $9,000. You should have done more research, pump and dump groups are a known scam, even without buying signals you would have been scammed, because these groups are just dumping obscure altcoins to naive traders who think that a pump is coming. There's no easy money in crypto. |
|
|
|
|
If you didn't sell at a loss, you didn't mess up. Do you think Warren Buffet became the most succesful investor by buying at the all time low and selling at all time high every time? You made a profit and that's what matters. Now wait for a good opportunity when we'll enter a bear market, buy again and sell during the next bull cycle.
A "mess up" is when people loss their coins to malware, scams or accidental loss.
|
|
|
|
|
This bull cycle will enter history as the time when big investors started looking at Bitcoin seriously. In 2014 the market belonged to retailers. In 2017 it was mostly the same, as no company or institution publicly admitted to buying Bitcoin. So, it took us 12 years from Bitcoin's creation to beginning of mainstream recognition.
It's hard to predict how many more institutional investors will join during this cycle, but it's clear now that the process has started and sooner or later more big names will join.
|
|
|
|
|
More experienced users were always warning newbies to stay away from things like DeFi and ICO that are completely unpredictable in short term and are bound to underperform in the long run because of their bad fundamentals. People like Elon Musk or Michael Saylor would never invest billions in some risky centralized platforms that have nothing but empty promises. It's rally not surprising that Bitcoin outperformed high-yield DeFi. "In retrospect, it was inevitable".
|
|
|
|
Thank you for the advice, brother. I've figured that myself when looking for the safest way to store Bitcoins in the long term. I found out two solutions: Hardware wallets and Paper wallets. Decided to go for the latter option as it's much more affordable for me. I might consider buying myself a Ledger Nano X later on.
Just make sure to not use those types of paper wallets that require you to just print out your private key and an address. At least one paper wallet site is known to be malicious, it's hard to verify they code of websites. They also encourage you to reuse your address which is horrible for privacy. And they have less error correction, so if it gets damaged, it would be hard to recover the private key. Instead use a wallet like Electrum that allows you to create a mnemonic seed and write it down on paper, or use something even more resilient, and make sure to create multiple backups. |
|
|
|
|
Total wealth is already 400 trillion and keeps growing. Right now 21 trillion would be ~5%, in some years it would be even less. It's not outside of realm of possibility of Bitcoin touching this price levels, all you have to do is get people to refuse to sell, then the demand would easily send Bitcoin to the moon just like it's happening now. Bitcoin being stable at 1 million is a whole different thing, we currently only achieved stability at $10,000 so maybe stability at 1 million would really never happen.
|
|
|
|
By using Monero, platforms you have verified your account on will now not know anything about your financial past besides how much you have deposited and how much you have withdrawn.[/b] This is something that has particularly frightened me before: through heuristical analysis, blockchain-analyzing tools could find out where your money came from and where it's going without even asking for your permission or statement. Since most cryptocurrencies are fully public and pseudonymous, it's almost like your banknotes leave a glittery trail behind whenever you go to a store, bank or anywhere else.
Except all the regulated platforms have stopped using Monero or will stop in the near future. Monero is a solution to privacy but not to KYC. The real solution to KYC is to not use KYC services. KYC services will do everything they can to ensure that they comply with regulations, they will just close your account if you will try to find a loophole, unless the service itself wants to allow such loopholes to exist. |
|
|
|
Be active on "crypto Twitter". Sometimes you can spot early hype of specific altcoins and make good trades off them. Just take note that a lot of those "cRyPtO iNfLuEnCeRs" on Twitter shill a lot of coins, and which ones end up pumping are pretty hit or miss.
This is why it's not a good idea to try to chase pumps, for every coin that got pumped there's dozens of coins that got dumped, and there's really no good way to tell if a coin will get pumped or not - social media hype, press announcements, news, development activity - these things don't always translate into value. People think that they are "buying the rumors", but they actually might being "sold the news". |
|
|
|
|
People very rarely get banned for shitposting. Your reports are only likely to result in the posts getting deleted. If campaign pays per post, you will just slightly increase the payout for yourself, and only if the manager will decide to split all of the signature campaign budget, instead of just returning any leftover funds to the devs.
If you will be mass reporting posts, this would overload the mods and they might even start ignoring your reports. I doubt that getting a few more dollars worth of bounty is worth it.
|
|
|
|
What is the real market cap derived from utility of these coins/tokens?
This is the real marketcap, marketcap is just supply x value of a single unit. It's really not that useful metric. It's not hard to see that alts are overvalued, they don't have any use now, their price reflects the hopes of investors that one day these coins will be used, and then there's a big dose of speculation. Most alts are doomed to die because of competition. We don't need two Ethereums or two Bitcoins. 99% of users will stick to the dominant solution. |
|
|
|
|
In my country we often say that we are buying US dollars when we convert our local currency to them to use dollars as a store of value. So, to me using words like "buy" and "sell" does not mean that I don't view Bitcoin as a currency.
I think when Bitcoin price will be more stable and there will be more adoption for payments, people will start saying "convert" more on their own.
|
|
|
|
|
Blockchain censorship via majority has been known for a long time, it basically comes to whether all the governments in the world would be able to cooperate to enforce such thing. For example, a lot of hash power is still in China, and China will refuse to blacklist adresses of its allies like North Korea or Venezuela if Western powers would demand it.
|
|
|
|
|
It's annoying of course, but I'm transacting thousands of dollars in stablecoins, so it's like a 1.5-2% fee for me. With how much profit I made in crypto over the years, it doesn't bother me too much, this is just the reality of bull market - you profit in tens of thousands of dollars, so don't regret having to pay a few dozens of dollars in fees.
|
|
|
|
There's no paradox, because your logic is flawed. Bitcoin price won't reach infinity or any unjustifiably high value, it will never consume more electricity than the governments would allow - there are already precedents when governments had to restrict mining because it was straining their energy grid too much. Bitcoin price doesn't need to be stable, and in fact no currency actually has a stable price - it's all just a degree of volatility. So, again, there's no paradox with "bitcoin stability" and "world stability". This is where an inflationary crypto is useful. Bitflate is an experiment in this direction. It has a moderately high inflation of 7%.
Admit it, you are just shilling for your Bitflate shitcoin project. |
|
|
|
I agree that investing in a casino bankroll is not exactly the safest investment. Your investment will depend on the gamblers and their luck on that platform.
Although not big, there is still a chance that you can lose all your funds if some whale get lucky and win big.
Take for example what happened to the yolodice investors a couple months ago.
As long as casino's risk is properly managed, this isn't really a problem, because a good casino owner would never create a situation where it's possible for the house to get ruined. I'm investing in YOLOdice for 4 years now and got a total of 44% profit over this time. That recent drop is just small variance that happened in the past many times. Casinos can't guarantee you that there won't be short-term losses, but in exchange you can get higher returns than what other investing options can offer. |
|
|
|
|
Show Posts
