Are regulators not overdoing?
Thing is, they almost always overdo it. With them sanctioning Tornado Cash, it means that now a lot of retail cant use this service, while the technically-literate criminals can still use it because of it being a smart contract live on Ethereum. Hence actually affecting the innocent masses negatively, instead of the actual criminals. |
|
|
|
|
FTX's platform is simply shite(UI/UX/etc) if we're talking about catering to the casual traders, in which Coinbase has wom this category. If you're some sort of power trader with a decent bankroll though, it's one of the best that we currently have.
|
|
|
|
The list is almost going to be endless. The trick though is to not necessarily know about all the scams(though that's also good), but to always be skeptical. https://cryptosec.info/scams |
|
|
|
In the event that the US starts to really implement such an aggressive policy towards Bitcoin (and I don't think it will go that far), it would have a much greater impact on Bitcoin than what happened in China. That country is still far from the standards of most countries in the world when it comes to democracy and human freedom, and it was never realistic to expect Bitcoin to succeed there, at least when it comes to the official attitude of the government.
If the US did the same as China, the miners would of course move elsewhere, but the message of banning mining would be much stronger and would have a domino effect that would affect many countries of the world. If they want to seriously start reckoning with Bitcoin, first there is a ban on mining, then a ban on using Bitcoin as a means of payment, and finally a ban on trading. If we talk about adaptation, in that case, Bitcoin would experience a serious blow, although this does not mean the end.
Oh for sure. Not just even with concerning to mining, the US banning bitcoin/mining is simply very bad publicity, and that narratives will break. But with that said, Bitcoin still wouldn't be "doomed" just as electronicash described. |
|
|
|
|
Pretty simple — an increased IT activity in a country means more jobs in general, hence more taxes for the government through the likes of income tax and value-added tax.
|
|
|
|
I have read so many comments on how risky it is to depend your life and finances on Bitcoin
*snip*
Because it's simply the responsible thing to say? Take note that not everyone has the financial capability to simply just buy and hold bitcoin using most of their liquid cash for the long term. And take note that not everyone is going to hold in the first place — A LOT will panic sell; and a lot will be needing cash for whatever purpose. |
|
|
|
|
You're really unlikely to earn money unless you figure out a strategy to outplay the pump and dumpers. In the first place, no one in the right mind would give out free information if he/she is actually good at his/her craft.
Chances are, it's probably just a typical pump and dump group(or a trading group that would soon ask you for "premium" membership), and that you've lucked out a few times.
|
|
|
|
It depends and there is no universal answer for everyone.
For someone who has $1M in Real Estate and another $1M in index funds, I don't see what problem they are going to have buying a couple of Bitcoin on Coinbase fully KYC.
All of you who are obsessed with privacy, I imagine that you have a very important part of your net worth in non-kyc Bitcoin, passed through CM.
I obviously wasn't even referring to privacy in concern with KYC platforms(because some people simply don't care); I was referring to privacy in concern with $5 wrench attacks when sending coins to people using a single frequently-reused address(in which people should definitely care even if they currently don't). |
|
|
|
If you don't use illegal money to buy Bitcoin and use it for money laundering, you don't have to obsess too much about privacy.
It is good, not harmful if you care about privacy of your transactions. Please do it with your full node and Tor connection. In order to do it, you must use non custodial wallet, have enough space in your disk to download the entire blockchain and don't forget to use Tor.
If you don't care much about privacy, you can simply use non custodial wallets like Electrum. That wallet allows you to run with Tor connection too but you don't have a full node with it.
If you want a full node, use Bitcoin Core.
I think you should at least slightly "obsess" about your privacy. Completely up to you if you're going to go far as to use mixers or CoinJoins, but at the very least learn proper coin control as to not expose your entire holdings if it's the case that you need to send BTC to someone. |
|
|
|
|
Bitcoin is Bitcoin and Ethereum is Ethereum. Using PoS on Bitcoin is simply one of the dumbest ideas ever, as PoW is one of Bitcoin's main defining characteristics.
|
|
|
|
I think browser wallet extensions are just centralized as this crypto exchanges even though you have those private keys or seeds.
I mean, most Bitcoin/crypto wallets in general have always been centralized; with probably only Bitcoin Core(and probably Electrum?) being actually somewhat decentralized. And it's fine! A centralized wallet can still be a good wallet, as long as it's open-source. |
|
|
|
if US bans BTC incluging mining, were all doomed and its hard to acquire.
Why so? Miners would simply just move to another country to be able to continue business operations. Pretty similar to what happened with the China mining ban. |
|
|
|
|
It's really going to depend on how regulations will end up being. If the authorities of whatever country decided to ban bitcoin, then it would obviously be harder to buy it. On the other hand, if whatever country's government decided to adopt bitcoin or maybe just stay lax about it, then expect more and more platforms to support buying and selling of bitcoin.
|
|
|
|
But there are prices that bitcoin can never fall to again, unless bad thing really happened that could collapse the whole crypto market. The lowest price I can think bitcoin would fall to was $14000, but it was surprising that it only falled to $17600 when I was expecting that. Bitcoin is at $19700 presently, but I am doubting if it would fall below $17600. No much analyses used than the 2018/2019 and 2020 fall pattern which makes me predict that bitcoin may not fall below $17600. But if it falls below that price, then I will just hold on to my previous thought which is $14000. With this, I believe that the volatility has decreased, but if falling below that price, which means bitcoin is just as volatile as 2016/2020, which is what I am not expecting at all to happen.
I mean, that's technically correct. It's next to impossible for bitcoin to drop below the likes of $100 or so.  The point is, There are lots of analysis on "prices that bitcoin can never fall to again" that you might as well not listen to them. How do you even know who to listen to in the first place? Just like the name of this section which is "speculation", all you can get whenever the question of "how low" or "how high" the price of bitcoin can go is just a speculation.
Yea, this thread wasn't originally in the Speculation section. |
|
|
|
|
Some people thought that the bottom was $35k-40k(stock to flow model) or $58k(s2fx model). Along with that, some people thought that $20k was the bottom, and some people think that we can go as low as $15k, $10k, or even $5k.
In summary: "projections" doesn't matter. No one knows crap on what the next floor price will be.
|
|
|
|
If the world population increases, it will have a significant impact on bitcoin. The more people there are, the more money is going to be spent on things like food, water and electricity. This will lead to increased demand for bitcoin as a currency.
How so? Maybe you could say that people who are bullish on Bitcoin will instead buy bitcoin instead of mining it if it's the case that electricity becomes more expensive, but the effect would be too minuscule to have a significant effect on the markets. |
|
|
|
Well, it's the same for anything that holds value : Your car .... your cellphone.... your Fiat wallet or even the pincode for your debit card. You are not going to stop thieves and criminals from taking wealth from you, but when you trust a financial entity from securing your wealth ...and they start denying you access to your wealth... well that is something different all together.  Very true! But in this case we're talking about armed criminals though. Also, getting your bitcoin/crypto stolen is far more of a complicated situation than getting your car/phone/wallet/debitcard stolen. |
|
|
|
Bitcoin doesn't remove the risks of you getting mugged. If anything, it's potentially worse with bitcoin/crypto. They just hit you with a wrench at your home until you give up access to your wallet. Hence why being private/secretive about your holdings is very important! https://cryptosec.info/wrench-attack/ |
|
|
|
lol, this sounds so bizarre, who would have thought such can be use to measure the rate of inflation? Men will rather forgo buying a new pair of underpants for groceries, a huge sacrifice that is. And why will lipstick have a 48% spike in sales during times of inflation? shouldn't it be the other way around just like for men forgoing the purchase of new underpants? Women worry more about their looks than feeding, this is how I comprehend it, except am reading differently.  If I'm going to guess, the logic is pretty much the same with financially illiterate people buying expensive designer clothing even though they don't have much money. They'd rather be perceived as people that are doing really well in life, rather than them actually truly doing well financially. |
|
|
|
I think avoiding it because for security reasons it's not because it doesn't exist, it might be there if you look for it and I'm sure you will also lose your bitcoins if you use a wallet in a browser plugin, you should hold the btc in the ethereum wbtc network so you can store it in metamask or other
If you hold WBTC, you're going to need to trust that WBTC's custodian is backing the WBTC with BTC 1:1. That's a huge unnecessary risk to take just so you can hold your "bitcoin" on a browser plugin. Honestly wouldn't do this unless you have a certain yield farming strategy you want to temporary take advantage of(assuming you totally know what you're doing as well). |
|
|
|
|
Show Posts
