It's always better to get information about China from a Chinese. I don't trust the crypto news websites,that are spreading FUD,rumors and gossips about China and the cryptocurrency miners located there. Another important reason is the unprecedented chaos in China's cryptocurrency industry. I believe that if the Chinese people just invest in Bitcoin or Ethereum, the Chinese government will never prohibit the transaction of Bitcoin. Unlike the United States or Australia, many Chinese who invest in cryptocurrency don’t know what decentralization is, just blindly follow the trend to buy some unknown coins. Chinese investors lack the most basic understanding of the cryptocurrency industry, most people end up in bankruptcy. Only by restricting mining and restricting bank card transactions can China prevent these ordinary people who have been deceived by become parvenu from joining cryptocurrencies. So the Chinese government wants to ban Bitcoin,because many Chinese are buying shitcoins and losing money? That doesn't make any sense,why don't they just ban shitcoins and leave Bitcoin and ethereum. I get the idea of banning crypto mining because of carbon neutrality,but there are many industries in China that are producing way more CO2,but the government won't ban them,because it will cause unemployment. |
|
|
|
|
No country in the world can be "home of Bitcoin",because Bitcoin is designed to be a truly global currency.
Thinking that the Chinese crypto miners will move to El Salvador is simply naive.
El Salvador doesn't have the resources and can't produce lots of cheap electricity.Also the weather in El Salvador is very hot and the mining facilities need lots of cooling.
Nobody knows whether or not other countries will join El Salvador and accept Bitcoin as a legal tender.
Bitcoin adoption in El Salvador doesn't have any significant impact over the global Bitcoin adoption.
|
|
|
|
|
Great guide,but I have one question.
What's the point of you posting this guide on the forum?
What's the benefit for the newbies,if they learn about the difference between retail and professional traders?
Trading is just trading.I know that the professional traders make less mistakes and have better risk management,but who cares.At the end of the day,almost 100% of all cryptocurrency traders are amateurs.
I have never seen a professional cryptocurrency trader,who is trading with other people's money.
The people,who claim that they are professional crypto traders and provide such services are 100% scammers.
|
|
|
|
|
Some people really believe that Bitcoin price will go up and up forever and ever.
They are trying to rationalize this belief by using "historical price patterns".
I can say that the Bitcoin price will be 1M USD by 2030 and 10M USD by 2040,based on the BTC price movements in the past.There are "Bitcoin cycles",but explaining the future with the past isn't the best type of analysis.I don't really believe that the Bitcoin price will hit the moon in a situation,where the people don't want to spend Bitcoins and are buying BTC just for the sake of keeping it and waiting for a higher price.
|
|
|
|
This is a sentence I recently heard on a TV series I was watching that made me think of my own stance in life. Am I striving to become the master of slaves? Perhaps those who climb the corporate ladder think in those terms? Are we creating our own cryptocurrency just to be our own masters or are we actually seeking to become the new masters of the new slaves? BTW I am very interested in knowing if this is a quote from anyone famous or just part of the script.
I know that sentence from a few years ago,but I don't remember who said that sentence. I wouldn't compare the corporate ladder with "owning slaves".The people,who are climbing the corporate ladder simply want to have power and privileges.There's nothing wrong with being ambitious. There's truth in that sentence.Some people,who were oppressed by someone,have a desire to become oppressors,because this is the environment in which they have spent their life and they don't know anything better. Being truly free means that you have to respect the freedom or all other people. A slave owner is dependent of his slaves,which means that a slave owner cannot be truly independent. |
|
|
|
You know what boggles my mind about this? Is that why the heck do some Bitcoin bears spend so much time posting in this forum. If you don't think bitcoin has value, then you simply move on and forget it; not spend hours and hours arguing about it. I mean, I personally don't see the interest in NFT art but you don't see me talking about it all the time.
Bitcoin haters are basically just trolling.They want attention and they get that attention in a toxic way-by hating and shitting on something,that has fans and supporters. There were a few BTC trolls on the forum,all of them are in my ignore list.There's no point of wasting time arguing with trolls.You can't convince a troll that you are right. I small part of the Bitcoin haters are newbies,who just got scammed or lost money due to panic selling and this made them butthurt about Bitcoin.People always put the blame on someone or something else for their own mistakes. |
|
|
|
I quote from the NCR website: We provide the software, hardware and services you need to deliver experiences that delight your customers.
Banking. · Digital Banking. · Interactive Teller & Banker. · Digital Connected Services. ...
Restaurants. · POS Solutions. · Contactless Ordering & Payment. ...
Department & Specialty Retail. · Mobile Shopping. · Self-checkout. I've never heard about NCR before.It seems to me that NCR is more like a payment service provider,that works with banks and other businesses,rather than an actual bank. Having such big payment services provider to accept Bitcoin payments is as big as Paypal accepting Bitcoin payments(which didn't happen,Paypal will never truly adopt BTC). Unfortunately,most of the people don't know anything about NCR.This is definitely bullish news. |
|
|
|
Jochen Schenk, Vice President of the Central Real Estate Committee (ZIA) shares this assessment, albeit for different reasons. Above all, he regrets that this means that private capital can no longer be channeled into urgent infrastructure and sustainability investments. Yep,the German investment funds won't invest in infrastructure and sustainability investments. They will gamble with cryptocurrencies,because the profit margins are bigger.  There's nothing wrong with that.I assume that the institutional investors got tired of the low profit margins,provided by stock trading,so they are focusing their efforts on the cryptocurrency markets. The fact that German investment funds will be allowed to put 20% of their capital into crypto doesn't mean that they will do so. |
|
|
|
This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!
Why is Bitcoin so cheap?Is it really cheap?Some people might ask why is BTC so expensive? Something,that is cheap for one guy is expensive for another guy. So you are asking why is Bitcoin undervalued.The simple answer is this.Bitcoin is undervalued,because the FUD dominates the market and the FOMO phase is missing. Most people don't care when a country like El Salvador adopts Bitcoin as legal tender.If a big and developed country accepts Bitcoin as a legal tender,the Bitcoin price will go thru the roof.FUD news coming from China will always be more popular than the bullish news coming from a small underdeveloped country like El Salvador. |
|
|
|
Recently, I have read an update of the budget of Bangladesh where a bill of increasing (25% now) the rate for whitening black money has been passed. According to that, one can whiten their black money by investing in stock market and they have to pay 25% fee to the government. Before this year, the rate was 10%.
Is it healthy for the economy? May be it’s healthy but it’s encouraging corruption. Is there any other country which allows such investment too?
What do you mean by "black money to be whiten"?Do you mean money laundering? I've never seen a country that allows money laundering,if the launderer pays a fee.This is ridiculous. Normal countries will try to catch the criminals and confiscate all their dirty money.I guess that the government of Bangladesh can't handle the levels of crime and corruption,which are conducted inside the country. That 25% fee seems pretty high.The criminals will choose to launder their money somewhere else and pay lower fees. |
|
|
|
NO! Last year I paid 100 USD worth of BTC to a guy and he scammed me.It was my mistake,because I didn't use escrow. 4 years ago I paid 30 USD worth of BTC to buy an ebook.It was a pretty shitty ebook,but at least the seller delivered the product,so it wasn't a scam,but I lost 30 dollars for nothing. Bitcoin was cheap back then,I would've made 10x more money just by HODLing those 30USD worth of BTC.  I'm not going to use Bitcoin to pay for goods and services anymore.I'm selling my Bitcoins for money in my bank account only. |
|
|
|
|
Dawn Fitzpatrick doesn't say anything in this interview.
He basically says "Bitcoin is cool,but central bank digital currencies are a threat for BTC,bla bla"
We already know this.
The fact that George Soros played against several fiat currencies on the currency markets doesn't make him an enemy of the fiat currency system.I'm pretty sure that Soros is a die hard fiat supporter.
I also think that Fitzpatrick is a hypocrite.He might like Bitcoin,but that doesn't mean that he would buy and own Bitcoins.He might start to hate on BTC and spread FUD,if the BTC market trend shifts to another direction.
|
|
|
|
I just want to see what the general consensus is about selling Bitcoin. The well-known Bitcoin advocate, Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime. He believes that when you sell bitcoin, you will be taxed, but if you hold it, you can borrow bitcoin at a good interest rate (tax-free). Platforms such as Block Fi provide such services.
What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.
I won't listen to people like Michael Saylor.He is way too biased,when it comes to Bitcoin. What's the point of HODLing your Bitcoin and never selling it?It's like having a golden treasure that is buried in your backyard and you don't sell it and use the money to buy the stuff you really need. The country where I live doesn't have a capital gains tax,so there's no problem for me to sell my BTC. Saylor is a die hard bull,he bet all his money on the Bitcoin price going up,so he doesn't want mass selling and a bear market. |
|
|
|
Seems like China is done with Bitcoin. Hash rate has dropped by over 60% in the last few weeks, which confirms that miners are exiting China for good.
How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
China's game plan about what?Do you really think that the Chinese government really cares that much about the cryptocurrency mining industry? Does an elephant care about a flea? If the hash rate is really dropping and the miners are leaving China,that's great.We will finally stop paying attention to all the FUD coming from China and China will stop "banning" Bitcoin/crypto every week. China has no benefit and no damage from kicking out all the crypto miners,because the miners influence over the Chinese economy is totally insignificant. |
|
|
|
A Bitcoin sidechain is what it is-a sidechain.Bitcoin cannot "metamorphosis" into any altcoin,because the Bitcoin Core blockchain cannot be changed. I remember that many people in the BTC community were talking about the Atomic swap 2 or 3 years ago. Nobody is talking about Atomic swap now.I guess that it will be pretty difficult for such sidechain projects to get mass recognition and mass adoption.The vast majority of the crypto users don't trust sidechains. All the legit altcoins like ETH cannot be dethroned by such competition. |
|
|
|
|
I'm overwhelmed by the amount of FUD that was spammed across the Bitcointalk forum lately.
As if everyone is expecting the Bitcoin price to crash,and the price crash simply isn't happening.
The Bitcoin price is back to 35K USD,while falling to 31K USD 2 days ago.This isn't a steady price recovery,but it shows that investors and traders are still buying BTC and the price won't crash that easy to a level below 30K USD.
I don't believe that the price will recover back to 50-60K USD anytime soon.We need serious institutional investors(and unfortunately,we need Elon Musk as well) for such price pump.
|
|
|
|
This list isn't about handling bear markets.This is more about hot to do cryptocurrency trading in general. I assume that this list is created for crypto traders,who don't want to sell their coins during a bear market. There's nothing wrong with selling your coins during a bear market,especially if you know that the price will go down even further and you will have the chance to buy at a lower price. In bear 🐻 market, I stop all my trading approach and stop my opening wallet of investment coins. I only buy some top losser coins which have listed top 100 ranked ok coinmarketcap.
What?So you want to buy some shitcoins?I don't get your idea,but you are free to invest in whatever you want. |
|
|
|
|
The educational system usually teaches the people to be obedient and to follow the rules.
You can't become rich,if you are obedient.Rich people are usually making and breaking the rules,not following them.By "rules" I don't mean the law,but this can be applied to the law ass well.Gangsters and mobsters are coming from poor families,but they break the law and become rich.
Following the rules set by others is a poor person's mentality.Get a college degree,get a job,get a mortgage,get a wife and have kids,retire after 40 years of working.You can't become rich without creativity and without thinking outside the box.
|
|
|
|
If the above does not fit still. Is there a way to recover lost BTC?
Because I see this as a feature fighting against BTC growth, because not all users are educated, not all are technically inclined and not all are good record keepers.
Thank you all. NO Bitcoin user is educated at the beginning.There's always a learning curve.That's why the newbies have to start familiarizing with Bitcoin by using small amounts of BTC. The Bitcoin Cove developers aren't obligated to "spoonfeed" every newbie in the BTC world,by "holding his hand" and protecting him from making mistakes,or making mechanisms that reverse BTC transactions,if the Bitcoins were sent to the wrong address. All Bitcoin users have to take care of their BTC,wallets and private keys. Making a centralized system for retrieving lost BTC is like making a centralized system to help you retrieve your lost cash,in case you have lost your wallet somewhere in the park.It simply doesn't work. |
|
|
|
|
This is the first time I hear or read anything about this guy.
If he really had 1 million BTC,he would be way more famous and popular across the crypto community.The crypto news websites would be gossiping about his Bitcoin wealth every day.He would've been as famous as Satoshi Nakamoto,Roger Ver,Craig Wright and Elon Musk.I think that he doesn't own 1M Bitcoins and this is just BS.
Was he a scammer?I read some articles,stating has was an early Bitcoin adopter back in 2011 and he had a cryptocurrency exchange platform.Is this even true?
|
|
|
|
|
Show Posts
