You're not losing 'cause you did something wrong, you lost because it's the gambling world. Welcome to it

Surviving just by playing out your money is nothing but pure luck. It's one of the riskiest, if not the riskiest way to multiply your money and if there was a way to have a constant profit through it, trust me - this thread wouldn't have existed.

If you're willing to risk your money, you must already acknowledge the fact that there is a good chance you might loose. If you can't take that risk, then just don't play. Gambling =/= winning.

Accused user for plagiarism: BHOSALE57

Post on BTCTalk: http://archive.fo/fH6nG
Copied from: http://archive.fo/4ePf3

In case the user returns for a ban evasion, I'll leave here some of the links he posted himself:

• https://www.facebook.com/vishal.bhosale.758/
• https://twitter.com/bhosalevishal5/
• Telegram Username: bvishal51
• Facebook Account Name:vishal bhosale
• Email id: bhosalevishal50@gmail.com
• Emirex ID: ID0870FC117C
• https://www.instagram.com/bhosalevishal50

It annoys me to have 888k shitcoins in my wallet without the possibility of moving them out. Being a completely random airdrop, it did stir my curiosity and I gave it a quick lookup on Google. I actually thought I had randomly received $500 in my account.. until the "888 888" Google autocomplete result popped up, then I knew something was up

I don't think it's a good marketing campaign. I mean, if you airdrop coins, do it to either those who've done KYC and registered for your airdrop or give it to complete strangers without freezing it. But that would've turned into a massive dump, so of course we need to see "888,888 KICK - $1,000" in our wallets and THEN finally decide to give identity proof. In their dreams! I don't like being forced to do things. I'd rather lose than be forced to do stuff their way.

Oh well, we can't do much, can we? This is a problem that's been persisting for a very long time and history didn't teach us shit.

But today's situation is far more different than 10, 20, 50 years ago. Today we're literally all covered in debt - every newborn US citizen is basically born with a +$70k debt. 5 years ago it was ~$59k.

Say the debt rose by approx. $10k in 5 years - that's $2k of debt you have to pay per year.

There's literally like no way to stop money printing without massive consequences. They need to generate new banknotes to continue doing what they're doing right now without making us feel a huge hammer hit from all the consequences there'll be if they stop the printing machine.

And that's why an upcoming recession will shake the markets and everyone's wealth in a very brutal way.

Reminds me of that Kelly Smith episode from Dr. Phil

This is a pretty obvious scam scheme and unless you just cannot think it thoroughly and find out by yourself that it all sounds like a scam, you can't fall for it.

Be serious - you're going to hand some stranger your money to receive some money. It makes no sense, and why after all would you even pick up something a complete stranger sends to your porch? Anything could be inside, why would you bother risking to get linked to some shady activity?

Sending some stranger money to receive a random package is just too silly imo. But apparently some people really do send dozens/hundreds of thousands for what they believe to be a bag full of cash or jewelry.

I did! Although not publicly, I did predict it's going to be $20k an year before it hit ATH, but that might've been just a little bit of luck. If I was to predict again, I'd say somewhere around $40-50k is the next ATH Bitcoin will hit.

Although it's had an extremely volatile past, I think passing a very high Bitcoin price would actually do some damage. We're supposedly going against the inflation, but the rate Bitcoin's growing at (price-wise) through the inflation is on a way larger scale and if it ever hits hundreds of thousands, a lot of wealth will be basically coming out of nowhere.

And knowing how large the wallets of whales are, we're talking about big money if BTC will grow more than we expect it to. I'm not sure if a "good price" could even be calculated though, because there are so many factors to take into consideration... inflation, Bitcoin halving, max supply, number of investors etc..

Sounds way cooler when you imagine something too good to be true. I'm not sure how you've been able to gather only these silly kind of people, but they'll either learn the hard way or they'll give up.

They're like wealth chasers so they most likely believe Bitcoin is a wealth generator. Unless they wake up to reality, even if they leave BTC they'll probably just keep living a more miserable life and try out the next pyramid scheme that's gonna pop up.

So yeah, they need a strong shake so they can realize what they're trying to do is non-achievable.

I've used decentralized exchanges before and you can get offers at 5% under the market because you're willing to instantly trade funds. You can place an offer yourself at spot price or above the market, so you become the one having 5% overall profit.

But what if 5 customers successively go and withdraw ~250 EUR from an ATM in a matter of minutes? Why would the ATM not just stop after the first 2-3 customers and ask for identification? AFAIK, most ATMs have this "if we consider a transaction to be suspicious, we reserve the right to request documents for identity verification" rule you agree to once you start using it.

I just cannot feel safe knowing I'm transferring my fiat or BTC to someone else and my money may be stuck in their accounts until I provide identity proof..

Lightnite looks amazing. Just checked out their official website and it looks fun as hell for the average kid. Especially when you can also have an opportunity to earn a few bucks playing it..

The only thing is, this could turn into a bad usage of Bitcoin by children (remember stealing credit cards to buy in-game currencies?). But I guess it's going to be way harder than the credit card thing, considering the credit card purchase only needs the numbers on the front and the CVV..

It's amazing to see these games coming to reality though. Might give Lightnite a try once it goes singleplayer (it's supposed to be released this month but it's not up yet)!

Fiat is already worthless. Just a piece of paper, that's it! You create a $100 banknote with a material worth less than $0.25. It's just like overvalued paper.

In case of a significant worldwide scenario, people will retreat from fiat as much as possible and enter the commodity world. That includes Bitcoin, but it still remains to be seen whether a hyperinflation would trigger people to move on a higher percentage to BTC or precious metals.

It's an interesting subject imo, as it's never happened before. The only scenario we can take as an example is Venezuela. You can see from their situation that Bitcoin can be handled in a way easier manner than gold. Bitcoin is yours - put a paper in your pocket and cross borders with as much money as you like without someone even knowing whether you have $0 or a billion on you. Gold is different - I wish you good luck crossing borders with 10kg of gold.

I want to believe Bitcoin would be the winner in case of a significant inflation, against all the other commodities. But again, this has never happened before so I predict a huge load of FUD in OP's scenario.

Great job with the list, apparently I'm there too. May I ask what is the exact purpose of it? Is it in order to help those who are at the limit of ranking up?

I wish I could be more active on the forum. I'm looking for threads to reply to pretty often (although I've been semi-active in the past few days), but lately I've been only seeing articles and threads asking for advanced technical support I can't help much with because I'm not very advanced when it comes to the technical side of cryptos..

In terms of market cap, daily transactions, usability etc it would beat Bitcoin easily.

However, privacy is the key point of the currency. If it's centralized and has privacy issues, Bitcoin can't be beaten. And I don't think a currency created by Google would offer us the same freedom Bitcoin offers. It's Google, after all. But the project might fail as well as Facebook's Libra did.

Minted coins with BTC private keys on them do not make Bitcoin exist in a physical form. If we take it that way, then you can also consider the seed written on a paper to be a physical form of it.

The thing is, Gold can be owned as a material if you don't like buying stocks. Bitcoin cannot exist as a material - even if you have a private key minted in a coin, you'd still have to enter that in a digital wallet in order to use it unless you do barter (which can also be done by swapping private keys with anything).

BTC doesn't have any property physically either - it only exists in the digital area while Gold can be melted, minted and used in many domains and has amazing properties. That's the main difference.

Actually, I think there are more moving into the debt zone when suffering from a devastating loss than quitters. I've got enough friends who have borrowed tons of money trying to get out of the hole they've buried themselves into, but unfortunately they lost that money too so now they're in deep debt.

KYC is dangerous for users because it's our money and privacy at stake.

If I physically go to an exchange willing to change $500k into 500 EUR and they ask me to declare where the $500k comes from, I have the option to take my money back and leave the exchange. Here though, you have no option. You can send them your money but they'll hold it in their own accounts unless you give them what they need. It's some kind of a hostage situation, the hostage being your money.

In reality, this would look like: you give me your wallet to take a look at it and I'll seize it unless you give me your documents.

If there are no other alternatives to KYC, then change the law. Make it so it is mandatory pre-depositing or upon account creation to validate your identity. Or don't apply KYC at all. Ironicall, I feel safer on an exchange without KYC than on one with it implemented.

It's probably a more psychological effect. Our brains are used to sending us the command to constantly check something out when it becomes popular.

Those browsing the internet are probably typing in on Google the word "Bitcoin" more than they used to in the past few months/years because it is starting to rise again. When the price consolidates, they stop searching for it because it doesn't present any interest to them. In markets, weak hands are always more in number than the strong ones. Weak hands do exactly this.

Very easy trap for newbies, maybe even for intermediate users.

Most wallets require you to rewrite the seed after saving it in order to make sure it's the correct one. It's easy to mistake that assurance step for this one.

I think you're mistaking 1 BTC for 1 satoshi. Do you also think $1 is $100 because the lowest denomination is 0.01? The fact that a Bitcoin can be split into 100 million different pieces doesn't make its supply endless.

Didn't some forks like Bitcoin Diamond already do that? They're shitcoins (most are even scams), but they do exist. In fact, I believe one of the main reasons Bitcoin Diamond has been forked off the Bitcoin chain was because they considered it's harder for newcomers to accumulate an entire Bitcoin, hence the 10x increase in the supply.

I guess there's at least one exchange in this world they could get through with the stolen funds. After all, it's quite easy to set up a test account and move a small part of your funds to test it out. Otherwise, Bisq is a great solution they can go for.

They've probably been paid a good amount of $$ to stay silent. Or they just don't care if the laws allow it.