Purple Line - BTC Supply Held by Entities with Balance 0.1-1
Since one entity can have multiple addresses of multiple sizes, I don't know if any chart (or any conclusion) based on balance sizes can be accurate. So, sorry, but I find this yet another attempt to find correlations.
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Quite a long text for basically the conclusion I was telling for some time already. * it's expected that sooner or later we will get to the point bitcoin price will have very small volatility, kind of like gold * it's expected that from some point will prevail only those miners who have invested into their own renewable energy production But you're missing something more imho. If we get to this scenario, then bitcoin may become universal store of value, something similar to what gold is. And if so, I would not be surprised if companies, banks or even states will keep some miners running and keep the network secure.
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Hungary needs to get kicked out of the EU and NATO since they are pampering a country attacking us. Let them become a Russian state...
They love to play with fire since they've seen that EU is rather soft... Unfortunately, instead of EU making an example of Hungary and show that if they want money, this kind of state should not play smartass, they stay soft and Poland tends to follow Hungary's "wonderful" example. Many still think this rebound is a fake-out. What they usually forget is that EVERY trend reversal looks like a fake-out until it's not, so that's why it looks like one ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) If this will be for real, then this crypto winter may have been the shortest. And this would be unexpected. I'd guess that this is why many think that it's fake. Time will tell, clearly...
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I am pretty confident Mycelium supports signing messages on Android, but not sure if for all types of addresses you mentioned. Worth a try though, my favorite wallet for Android so far.
Indeed, Mycelium supports that, but only for the initial HD wallet it creates. I couldn't find similar feature for imported wallet "accounts" or the "account" created from my hardware wallet.
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There are so many redundant posts needlessly repeating the same information and/or posts where the poster hasn't just failed to read the whole thread before posting but has clearly failed to read even the initial post. To be clear, I'm not referring to redundant topics, which bug me far less, because an old topic covered again by a new user still provides an opportunity for fresh insight. I'm more referring to the situation where 30 users all produce similar low-value "answers" in a given topic.
Well, ignoring users is not the correct solution for this. You will have to make good use of: * ignore boards (some boards bring more spam than information and may not even be interesting for you) * report post (to get the spam removed) - I'll add here that reporting is not meant to be overly accurate I'm not sure why there are so many posts like this, but my best guess is that it's users either trying to rank up quickly or trying to fulfill their signature campaign commitments. I've got some empathy for both kinds of user but this type of activity is really lowering the signal to noise ratio and getting in the way of meaningful discussion.
You are pretty much correct imho. Although I'm very tempted to start, I'm still reluctant to ignore users because it feels "permanent" and I don't want to miss out on their contributions
In most cases you'll lose nothing. I also think that adding complicated rules is not necessary. You can, for example every Christmas (when we are supposed to be better), clear up completely your ignore list to give everybody a second chance.
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Don't forget that he is a businessman, and he is also the richest man in the world. If he were stupid enough to sell his fortune at a loss, he wouldn't be the richest man on the planet.
There are 2 mistakes I see here: 1. Even the richest can lose now and then, usually they take small loses to avoid bigger ones or to make a much better business soon afterwards. 2. Tesla is not only Elon Musk. I expect there's a board that take decisions and those decisions may or may not be influenced by what Elon Musk wants. Based on price averaging, it can be inferred that Tesla lost money in the most recent bitcoin sale, but we don't have specific data for their bitcoin buy orders so nothing can be confirmed.
Yeah, this sounds more like it. Either there was no loss at all (as @Rikafip already said), either the loss was smaller than the previous gains. Twitter is, yet again, unreliable.
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Are USB or flash drive considered flash memory?
USB is good for a backup "at hand", but you have to think that an USB stick breaks too easy. Paper is still best. (Also you have to create the txt file directly on the USB, offline, then archive/password protect it, and all this ideally from a live OS). My mom is a meticulous person. Even if I cleaned it myself, she would still clean it thinking that there are still some stuffs that are unfixed.
You have to find better places. Keep the seed in a sealed envelope and write on it "important". Or write it onto the back of a diploma. Or onto the last page of a book. Or all 3. Also, you don't have a shelf that's only yours? That can also be a good place. However, on the desk, no matter it's under the mouse pad, it's bad place from start.
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Nigerian gas may close the supply gap, but it will definitely not be a full-fledged replacement, since the EU bought gas from Russia at the best price on the market. Even if the volumes are the same, the price will obviously be higher, which will also be a cause for dissatisfaction
The volumes will most probably also not be the same. And I find this a bigger problem than the prices. The international prices have skyrocketed anyway for no reason: the gas hasn't change, just the Russians have decided to ask more for it (and in their unrealistically "strong" fiat too). Imho the more sources the better: let there be competition. We can see where allowing the (Russian) monopoly got us.
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I am curious why instead of selling Bitcoin to fiat or converting it to fiat currency like USD and donating, they directly use Bitcoin to donate? There are some authorized or legit entities who are accepting Bitcoin as donation, especially the Ukraine government.
If I were to guess, probably the fact that donating the bitcoin directly would give the impression to the masses that bitcoin is actually useful, and the Finnish government might not like that. I'd add something more to this: it could look like they would be endorsing or at least advertising bitcoin. Plus, I would not be surprised that some politicians may have been doing a great deal with some businessmen who bought the coins at such a great price (and will help the politicians with donations for next elections).
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Regardless, the idea of a CBDC really doesn't make sense. A CBDC would not provide any benefit beyond what banks and central banks already provide. At least in the U.S., the Federal Reserve is run by banks, so it would not do anything that would put banks out of business.
Well, they don't care about the (lack of) advantages for the average Joe. They think on advantages for them, advantages we know - full tracking and control on people's money. Of course, they may sell CBDCs as good for businesses, which will no longer have to pay big fees to VISA/MasterCard, instead they will pay a symbolic fee (if any) for the use of the database (CBDCs) coin. And if they wrap that nicely, people will use CBDC instead of cards.
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You chose to believe the lying narrative. I guess it help you sleep better. However, you're off topic here. Russian gas, in fact, has become a new "economic weapon of mass destruction" ...
The Russians thought that Europe will turn a blind eye on the war, like they did with Crimea, to keep them connected to the pipe. Also they've made it overly expensive (to finance the war), forgetting that on such prices other sources can easily become attractive. Nigeria currently supplies 14 per cent of the EU’s gas imports, while 60 per cent of the entire shipments of LNG from Nigeria goes to Europe, he said.
I guess than only the LNG part can be expanded; the pipes for actual gas are long and might need developed more, and that's overly costly. However, it can easily be a good move for both Nigeria and Europe. And even if the current govt doesn't do great there, there's always hope the next one will do better.
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I’m currently mining on solo ck but using NiceHash Bitcoin address for payout. Will this address support it? Or should I use my Coinbase address?
You should use your own address, safely generated, and certainly not a third party. Just imagine that you actually get to hit a block and there's a problem with your payout. And you cannot prove ownership on the payout address either... So you risk losing a lot of money for... laziness? Learn how to safely generate and store an address for yourself. If you cannot do that, get yourself a hardware wallet. Better safe than sorry.
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PS. It was a big surprise for me that Tesla did buy high and sell low. I've been expecting them be smarter.
Why do you think that they made a loss on those 75% BTC that they sold? Afaik they bought Bitcoin before December 2021 when price was around 20k, and they didn't sell yesterday when this news broke but sometime before that so there is a high chance that in the end they profited from this trade. There were many saying on twitter that Tesla has bought high and sold low... they've convinced me and I didn't go to check the numbers. So they were not at loss after all?
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Exchanges can get hacked. Exchanges can suffer from inside jobs. Exchanges can get bankrupt. Exchanges can lock your funds because of whatever laws. Exchanges can lock your funds because of something they don't like in your KYC filling. Exchanges can lock your funds because you got your funds from somewhere they don't like or you use your funds somewhere they don't like.
And... does anybody expect them admit that they're unsafe for your funds?!!!?
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is using spot trading to buy low and sell high for few dollars a good practice?
In theory it is... if one does his math right and doesn't pay more for fees than it earns (this is in general, since no-fee trades won't stay forever). But there's a big problem in reality: if you are inexperienced you can end up with a lot of Bitcoin when the price goes suddenly down or you can end up with a lot of USD when the price goes up suddenly. So you have to know how to foresee such cases and have safety nets that allow you continue trading (even with a small loss) if this happens. This is why people tell that trading is not for everybody: it is difficult, no matter how easy it looks for short periods of time.
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Shiftcrypto wil not be sending any more marketing emails until this incident is resolved
Since many people don't read the news and many bitcoiners are not on this forum, I do expect some will fall for phishing, with or without emails sent by Shiftcrypto... This things are going to happen in future with all hardware wallets, so I see a big value for DIY signing devices like SeedSigner that uses RaspberryPi.
Raspberry Pi are overly expensive and out of stock in most places. SeedSigner is bitcoin only, afaik, which means "no" for many. SeedSigner may need a bit of knowledge it you indeed want to DIY (although I think that one can buy it already made too).
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Since Tesla's sale off has already happened at least weeks ago (if not months), most have understood that this news changes nothing.
It changed things when the sale materialised. Clearly. But imho that's not what OP was talking about. he's focusing the question wrong.
Yup. They did sell 10% of the total somewhere in April 2021, so that was a pretty smart move making them about 120 million.
But overall.. they're on a loss, right? Somehow I feared they'll sell earlier the bulk, i.e. while they were still on profit, but the market was going down. But, as some said, the effect now (i.e. in 2022) may have been much more devastating. Definitely a well-needed cleansing though.
Indeed. And despite their announcements that they may buy bitcoin again, right now I hope they'll never do that again. We don't need this kind of investors.
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This has been answered many times, OP should really do some search. One of the reasons is that a vast majority of altcoins is bought/sold (only) for bitcoin. This makes them very dependent on bitcoin price in USD.
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It should be a surprise to nobody, just last year he claimed that Tesla was going to hold on to Bitcoin but it appears to have lost all nerve with the recent price declines and just wanted to cash out.
For me the surprise is that they (allegedly) bought high and sold low. For me the surprise is that they didn't sell in Q4 2021. For me the surprise is that people cares so much about this. No doubt Elon has got bored of playing with cryptocurrency, especially since his legal tussle with Twitter going on which is the very platform that he spams all his junk.
I'm not sure it was Elon's call. It may have been the Tesla board...(which I expected to be smarter). People are starting to see through the shroud of bullshit that Elon is constantly peddling for his own benefit and starting to ignore him a bit more.
Shouldn't this happen about all the personalities? They say what they think it helps them more. They do what they think it helps them more. They don't care about their followers/readers (why would they??)
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@tadamichi, No offense, but
[~snip~] Mining one bitcoin costs more than $15K nowadays, check for the costs in 2011 and make a judgment for yourself.
Indeed, there's a huge difference in mining costs. However, if one change is made wrong, Bitcoin price can easily go south badly. So bad that even mining price won't matter. So bad that you will look to <insert altcoin here> and sigh "bitcoin could have been even better". This is always to be taken into account, hence you should not dismiss so easily people like @TraderTimm or @tadamichi (or their opinion), no matter how badly or offensive they express this reality. Now, to @TraderTimm: don't worry, this discussion is more at academic level (i.e. ideas and nothing more), I don't expect anything really change.
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