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3061  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum ATH just surpassed $1440 and dettached from BTC's price coupling on: January 20, 2021, 08:21:12 PM
Ethereum didn't stop following Bitcoin's price just because it had one independent price movement, it's just that for now Bitcoin is staying on the same level, so we can't observe the price coupling of BTC and ETH. But if Bitcoin would make a big move now, regardless if it's up or down, ETH and all other alts would follow, that's how it always been on this market, because so many volume is happening on ALT/BTC market.
3062  Bitcoin / Bitcoin Discussion / Re: Michael Saylor CEO of Microstrategy wants Elon Musk to talk about bitcoin on: January 20, 2021, 07:44:34 PM
I don't care what Musk or Saylor have to say about Bitcoin, no one can make me change my perception of Bitcoin that I had formed throughout all these years, so it's gotta be a big yawn from me. Beginners shouldn't listen too much to gurus, they should learn from many sources instead.

And I don't get why people think that Elon is an expert on everything, being the richest man in the world does not make him the smartest.
3063  Other / Beginners & Help / Re: PAPER WALLET on: January 20, 2021, 04:26:14 PM
I advise against old-fashion paper wallet i.e. private key+address. At least a seed should be easier to handle.

I second this, using a wallet like Electrum and storing your seed on paper is much better than printing out private keys, it's much simpler to use, more secure, prevents address reuse, gives you as many address as you want. I wish articles and blog posts stopped recommending users to make a paper wallet and instead taught them about cold storage setup as a free alternative to hardware wallets.
3064  Other / Beginners & Help / Re: Armed robbers steal $450K from Hong Kong crypto trader on: January 20, 2021, 03:33:48 PM
This is the reality of p2p crypto trades - you're always at risk of getting scammed or robbed. The woman is lucky to be alive and unharmed, there were cases in the past were crypto traders got murdered for their money. Centralized exchanges have many flaws, but at least they allow us to exchange currency safely. I personally don't think I would ever want to trade any amount of crypto for cash in person, even $100 - it's just not worth the risk.
3065  Bitcoin / Bitcoin Discussion / Re: Bitcoin block 666,666 Bible message on: January 20, 2021, 03:12:30 PM
This is a bit misleading, it's not a message in the coinbase transaction, like for example the famous message in the genesis block, this is simply a message in a regular transaction that was mined in the block 666,666. Interestingly, the sender paid 0.00135 BTC fee, which is $472 right now, just to ensure a nearly 100% chance of getting included in this block.
3066  Bitcoin / Bitcoin Discussion / Re: We Need Terminology Between Satoshi and Bitcoin! on: January 19, 2021, 08:26:51 PM
This has been proposed many times, making a smaller unit of Bitcoin the default one to encourage people buying more Bitcoin, because in that way it wouldn't seem overpriced. But most people understand that you don't have to buy one whole Bitcoin, and those who don't are probably better to stay away from it, because it means they are very tech illiterate and would likely do some serious mistakes in the process. So, a switch to a smaller unit won't be very useful. After all, it doesn't change Bitcoin's fundamentals in any way.
3067  Bitcoin / Bitcoin Discussion / Re: Who is the ultimate winner of Bitcoin pump? on: January 19, 2021, 02:20:19 PM
If you look back at 2017 pump it was average users like us who got the benefit of bull run as Bitcoin was easily affordable before the bullrun hence a good portion of users had bitcoin in their portfolio as there were not that much altcoins available in the market.

Bitcoin's can't be more affordable or less affordable, the minimum investment amount is so small that it's not going to be a problem ever. In 2017 any investor, big or small, could double their money withing months or even weeks and days in the later stages. The same is happening now - Bitcoin went from 10k to 40k, and everyone has equal access to it.

The recent google trends data shows that retail investors started joining at around $35,000, though of course they were always present on this market. Overall it's still the individual investors who are winnings the most, as those are the people who hold the most coins.
3068  Economy / Speculation / Re: Who else wakes up every day asking if this is the day I'm taking some profits on: January 19, 2021, 01:47:49 PM
I only think about it when Bitcoin is at ATH, which happened a lot recently, and I even did take some profits and I'm not regretting it, it already allowed me to buy myself some useful things, with more coming in the future. If you're just hodling and hodling for years, denying yourself any pleasures while waiting for Bitcoin to cost $1 million, you might just waste all your life and end up being a rich old person who can't enjoy their wealth fully.
3069  Bitcoin / Bitcoin Discussion / Re: How often are people really hacked out of their BTC? on: January 19, 2021, 10:29:45 AM
I never got hacked, but I once had a very close experience. I urgently needed Photoshop for some task, so I went to Piratebay and downloaded the first result and installed it. My PC was instantly infected with hundreds of samples of malware, so I immediately turned it off, formatted the disk and installed a fresh OS. Luckily my coins weren't stolen and none of my accounts were hacked. One of the first things I did after installing a new OS is migrating all my coins to a new wallet. Since then I stopped not only pirating software, but also installing any software unless absolutely necessary, and I always look for an open source option with good reputation, and so far I was never hacked.
3070  Bitcoin / Bitcoin Discussion / Re: Pornhub and PayPal - What are supporting the higer Bitcoin price the most? on: January 18, 2021, 07:26:34 PM
Pornhub is probably insantly converts whatever coins they receive into fiat. PayPal on the other hand allows users to invest in Bitcoin. Also the news of PayPal adopting Bitcoin has pushed Bitcoin up by a lot, while the same can't be said about Pornhub. Oh, and don't forget that recently Pornhub had to purge a huge percentage of their videos, so their revenue probably took a huge hit.
3071  Alternate cryptocurrencies / Altcoin Discussion / Re: Stricter management on crypto wallets (altcoins, stablecoin) is coming, possibly on: January 17, 2021, 08:16:19 PM
Bitcoiners have been warning people for years that many altcoins are centralized and at some point this could be used to censor transactions or freeze someone's funds, but no, altcoin bagholders dismissed any such concerns as "Bitcoin maximalism".  When Bitcoiners choose to limit the block size to prevent centralization, altcoiners were saying that Bitcoin is outdated technology and that sacrificing some decentralization for scalability is totally fine. Guess who was right in the end. The show is just starting, the government will be trying even harder to control crypto in the coming years.
3072  Bitcoin / Bitcoin Discussion / Re: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM. on: January 17, 2021, 07:59:26 PM
Probably the best way to store a small amount of coins for long time is by making many unencrypted backups that are stored offline. You can put your wallet on an old USB stick that you no longer use, an SD card, a Blu-ray disk, write down a seed on a piece of paper. Put them somewhere where no one would accidentally throw it away, like next to your personal documents or your cash savings.
3073  Bitcoin / Bitcoin Discussion / Re: How many people hold 1 Bitcoin at the moment? on: January 17, 2021, 07:38:52 PM
I guess you didn't read the whole thread but just the title. I intentionally wrote it people in the title; if you read the 2nd part of the question you will understand but in the 1st part, I have written addresses instead of people.
There's no way to count the exact number but you can have the real-time data for addresses which have been shared above and that's what I'm looking for.

I did read the post, but the title is also a part of the post, and from them together it looked like you want to use the data for addresses to estimate how man people own 1 BTC. And for the reasons I stated above, it could be wildly incorrect.

I was recently reading a survey, which says that 55.5% of crypto holders have less than $20k worth of coins. Also, most of them joined in 2017 or later, so this means that most people probably don't own 1 BTC, but early adopters or whales own quite a lot of BTC.
3074  Bitcoin / Bitcoin Discussion / Re: How many people hold 1 Bitcoin at the moment? on: January 17, 2021, 07:06:22 PM
You can't just assume that an address with 1 BTC means a person with 1 BTC. I have more than 1 BTC, but I never owned an >1 BTC UTXO or an address with multiple UTXO with a sum of 1 BTC. If a person buys Bitcoin continuosly and withdraws them to their wallet, they can very easily have far more than 1 BTC, but split across many UTXO. Also someone could store their coins on exchange and there's no way of knowing how much coins they own. I think it would be better to make a poll and get enough people to participate in it, it would be far more accurate than looking at addresses.
3075  Economy / Speculation / Re: Can BTC go down to <$5k again now? on: January 17, 2021, 02:45:37 PM
As of now, $10k is the new floor, this is where the rally started from, and it's already unlikely that it would crash that far even in a scenario where this bull run is over. $20k looks like a very solid support too. Simply put, something out of ordinary needs to happen to bring Bitcoin to such low prices. Maybe a cold wallet of some major exchange getting hacked and the coins being dumped on the market, or Satoshi's coins waking up.
3076  Other / Beginners & Help / Re: 2 box of pizza and a person who throw his hard drive on: January 17, 2021, 02:14:23 PM
I'm pretty sure you are familiar with Laszlo the person who bought pizza with his bitcoin, now a person name Howell will pay 70 million dollars as a reward just to get his hard drive, but for me, I think it's just a waste of time to find a hard drive on the dumpsite why? the hard drive for sure is already not working since it already there a couple of years and if ever they will find it, it will be worthless since it will not work

Of course the hard drive won't work if you just try to plug it into computer, but if we imagine that they found it, there is some chance that they will be able to extract the data from it using specifalized tools. But I think no one will ever do it, this operation would cost millions and will have only a slim chance of success - it's like looking for a needle in a haystack, and then you'd have to hope that the part of the hard drive with the wallet files wasn't damaged and the data is retrievable, and then hope that the wallet wasn't encrypted or at least the password wasn't too strong.
3077  Bitcoin / Bitcoin Discussion / Re: Why did Bitcoin catch fire? on: January 17, 2021, 01:23:34 PM
it's not the strongest technology, but it has the highest market cap, what do you think caused this?

Why do you think it's not the strongest technology? Just because shitcoin developers are claiming that their tech is superior, doesn't mean that it's true. Real users are choosing Bitcoin over altcoins, because Bitcoin has such a strong track record security and reliability, while shitcoins get 51% attacked or suffer from bugs all the time. Finance is no place for reckless experiments, users shouldn't be losing their money because of developer's mistakes.
3078  Bitcoin / Bitcoin Discussion / Re: IMF makes a pool about digital currencies and the results are in on: January 17, 2021, 01:09:43 PM
to be fair, the definition of "digital currencies" includes stablecoins, CBDCs, e-cash. it's not just a distinction between fiat money and crypto.

imagine if they replaced "digital currencies" with "cryptocurrencies"---now that's a poll result i'd like to see. i'm not sure they'd risk putting that out there. Cheesy

If they wanted to attack cryptocurrencies, they would have indeed said "cryptocurrency" instead of "digital currency". I think it's more likely that they are testing the waters for their own stablecoin or digital currency, rather than trying to cast doubt on crypto.

Maybe IMF wants to have such system to better control how the countries that receive funding from them.
3079  Bitcoin / Bitcoin Discussion / Re: About 20% of all Bitcoin (BTC) in circulation was lost – Study shows on: January 17, 2021, 12:57:29 PM
I would take such statements with a grain of salt, we have seen addresses that weren't used for 10 years waking up. It would be interesting to hear about their methodology, because all these news and blogs with such statements rarely mention it, and they name different numbers every time.
3080  Bitcoin / Bitcoin Discussion / Re: what would satoshi do? on: January 16, 2021, 04:45:38 PM
If Satoshi had today's knowledge and went back in time to develop Bitcoin again, I think he would have made something about Bitcoin's privacy - maybe added Coinjoin to the Core wallet, or even made a system like Monero. I doubt he would be interested in smart contracts, those things only add security holes and not much real life utility.  I'm sure he wouldn't trust Gavin Andersen, and perhaps he would take some measures to prevent attempts at identity theft by people like Craig Wright.
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