Chivo wallet is not open-source
That should be a big “DO NOT USE ME” sign for every user, but no one cares. It’s simply a lack of education, and the educated users never care to teach everyone because no one listens. Is it also custodial? They will learn “not your keys, not your coins” the hard way. |
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Is the current halving’s cycle peak delayed, or has the cycle been broken. OR this model has probably reached the end of its predicitive potentials? Because no predictive model will be accurate forever. The world is full of unpredictability and chaos.  It is a bit strange that you are providing a chart/prediction from June 2021 as if PlanB's then interpretation of his own S2F model and his floor model (which are two different models) was something that was necessary to harp upon in terms of trying to figure out where we are, how we got here and where we might be going. It merely emphasizes the point that “Predictive Models” will never hold any precise accuracy because the world is chaotic, and we are merely trying to find patterns in the middle the chaos. Is the current halving’s cycle peak delayed, or has the cycle been broken. OR this model has probably reached the end of its predicitive potentials? Because no predictive model will be accurate forever. The world is full of unpredictability and chaos.
I think we have some signs that the cycle is coming to an end but I probably wait until end of January or February to see what happens in the next 1-2 months in the market to decide. It is hard to say at this point. Yeah the peak of 2016’s halving was later compared to the peak of 2012’s halving. Peak of 2020’s halving might also come months later.
By the way does anyone knows when they came up with the S2F model? Was it before 2018 or after it? For example if they had come up with it in 2015 that makes it somewhat interesting but not if they came up with it in 2018, that would be just silly lines drawn on history.
I believe it was 2019. |
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There is FATF Travel Rule compliance anyway. So LN might be classified as illegal coin mixxer by default
The cat is out of the bag. In fact, Bitcoin is classified as an illegal currency by default, but because of technical break throughs, and the genius of the implementation of HashCash/POW in Bitcoin, it could not be censored. Lightning will be the same. It will only increase in liquidity provided by Chain Anals, Routing Nodes, and Users. |
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I recently received a message about a(nother) cryptocurrency that has implemented/will implement a new type of mechanism called “ Proof of Useful Work”. The paper explains that PoUW aims to achieve usefulness during mining which can be used in artificial intelligence and in treatment of patients. However, I can't seem understanding how can this work and because I didn't bother much, is there anyone who has heard of it and understood it so they can share their thoughts here? It sounds nice in theory, but in practice I'm sure it'll just lead to the creation of another pump & dump crypto. It sounds like another idea from the Space Ghost MEME who just discovered Bitcoin, and he’s here to “fix it”. The truth is POW makes the incentive structure possible, which is the structure that keeps everything in the network to stick together. It solves the Byzantine General’s Problem, it’s protecting it from being Sybillized and it’s responsible for the issuance of the currency. Bitcoin is a closed working loop because of POW. POW as implemented in Bitcoin is useful. |
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I believe many newbies in the topic want trading to be the same as a “regular-paying” job. It’s a mistake in my opinion, and that mistake will cause you to be inefficient with your capital, because it will make you sell early and miss plenty of profits.
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Trump has never been a fan of crypto. In August, he predicted that cryptocurrencies are “a disaster waiting to happen.” In June, he called bitcoin a scam that needs heavy regulation. He is right, cryptocurrencies ARE a disaster waiting to happen. Satoshi opened a Pandora’s Box, but it’s disaster to the legacy financial system, to the government, and to all those of intend to surpress freedom-loving people like us the plebs. What do we do? Buy the DIP, and?  |
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Is the current halving’s cycle peak delayed, or has the cycle been broken. OR this model has probably reached the end of its predicitive potentials? Because no predictive model will be accurate forever. The world is full of unpredictability and chaos. |
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$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits. The glass is half-full. Yeah, others look it that way, they are afraid because they think the price will go down because it's a trap, or we remain bullish all thru next year and the price hits six digits. Plus if Bitcoin follows the same cycles since 2013, then 2023 will be another opportunity to buy the lowest DIPs of the next bearish cycle. If zoomed out, the bearish DIPs are mere corrections.
Still 50/50, but in any case, still a win win situation, if it goes down then grab that opportunity to fill your bags and hold for long term, simply as that.
It’s not “50/50”. Zoom out. |
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$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits. The glass is half-full. |
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OP, run a routing node for the Lightning Network. Earn a little Bitcoins through fees. It requires some technical skills and research, but there are people like Rath_ who can help you. Ask your questions in this topic, https://bitcointalk.org/index.php?topic=5158920.0 |
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I believe with Bitcoin still in its path to true price discovery, it’s impractical to currently use Bitcoin as a unit of account. Although that doesn’t stop it to be used as a Store of Value, and as a Medium of Exchange. Let the protocol run for another decade, then maybe Bitcoin will be stable enough to use as a Unit of Account.
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OP, another way to answer your question is another question, “where do we start to plot the chart”? If we zoom out, and start from the start, we’re still in a bull market, if we start from March, 2020 = another bull market. When did you start plotting? November? |
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We all want to buy from Dip but it is a difficult thing to get. I noticed that when the price of ether was only $72 I couldn't even hold it because I was afraid it might go down further. Now the current price $4000 now i thought it may come down even more. So when do I buy? For which I have to make a decision by doing market analysis and buy.
Fuck ether. Don't buy that crap. Furthermore this thread is not about the buying and HODLing of that shitcoin or any other shitcoin. From an investment standpoint, trading Bitcoin to hold a more volatile shitcoin would be practical, IF the trader wanted to sell those shitcoins back to Bitcoin to HODL more Bitcoin. Everyone should be allowed to learn the hard way. |
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It theoretically can. But a better question is — will it?
The answer to any question concerning price: no one knows.
But we can make calculated guesses. I believe we are currently seeing Bitcoin on strong support, and that it might be an opportunity to buy its DIPs. If you are a trader, not a HODLer, you can buy now, sell when it surges to $65,000 resistance. |
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Elektra supermarket in Mexico recently started accepting Bitcoin payments and is encouraging their clients to do so, as they offer a 20% discount when paying with it (until end of the year). THAT is the best incentive to convince HODLers/Bitcoin users to spend their coins. Because if it isn’t used as a censorship-resistant, peer to peer tool to buy Heroine from the Dark Markets, what’s the use? HODLing Bitcoin will be better, and use fiat where it can be used. |
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It all depends on the algorithm itself. If the developer of a coin wants to implement POS algorithm, you will be able to stake. For example, ETH is now a POW coin so you can mine it. But in 2022 (hopefully) they will be moving to POS mechanism, so you will be able to stake the coin and won't be able to mine it using your computing power.
What many people were hopeful about ethereum 2.0 was that people will be able to stake ethereum and also pay low transaction fee, but now still getting longer and ethereum fee is very high like nothing has been changed. Let us hope ethereum will finally move to PoS by 2022, but just that PoW is far better than PoS as the equipment used for mining are bought and help the companies producing the equipments to also gain unlike PoS that only deals with staking, also that electricity companies are also paid to produce more electricity, PoW helps in the progrey of these companies. But that high electricity consumption from POW mining has become a weapon for the environmentalists. Whenever the bad side of POW is discussed, electricity consumption and increase carbon emissions remains the top concerns amongst others. So I personally think that POS is far better than POW. This issue can’t be just a matter of opinion. The truth is far from your personal “opinion”, ser. Because you believe that POS “is better” than POW will not make it so. With all due respect, do your research before posting foolish things in the forum. |
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The same narrative repeated again. “Bitcoin POW is wasteful”, but in fact, POW the most ground-breaking part of the protocol. Cypherpunks before Bitcoin have tried to develop a censorship-resistant, decentralized currency. All failed because they lacked one elementary component = POW.
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OP, there’s actually a way to “Stake” your Bitcoin for earning sats, but it’s not as a POS consensus mechanism. Provide liquidity in the Lightning Network through opening/funding channels, and being a routing node. I believe if Lightning usage increases, and the liquid channels become more in demand, fees in Lightning will increase.
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The supercycle theory as formulated by Dan Held is not going to hold true, at least not this year. We should be clearly higher in price. This is not to say that the theory does not have a certain logic (as they all do) and that it may happen in the future.
Can you show a chart showing a super cycle by Dan Held? Because a super cycle should be the bull cycle of Bitcoin from the very beginning like this chart, https://bitcoin.zorinaq.com/price/“At least not this year” is a wrong phrase in talking about the super cycle. It’s either still happenning, or not anymore.
As for where we are, we are in uncharted territory. No one quite knows what is going to happen to the price in 2022, what is clear is that the bitcoin price is behaving differently than previous cycles.
Bull or bear, Bitcoin is in a super cycle. Don’t believe me? Zoom out. |
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Sanctions are inevitable in this case. Russia and China can't expect they are going to keep their deals in secret while still maintaining the harmony with the rest of the world, especially with the occident. USA won't be fool to let their main adversaries continue growing protected by a bilateral p2p agreement. Understanding the analogy, bitcoin itself isn't the problem for people like Putin and Xi Jinping. For them, the problem is that bitcoin is open and free for everyone to use, doesn't matter who you are, while in fact they would like only themselves and their allies should have access to it.
Then they should know how a powerful tool Bitcoin can be against censorship-resistance if everyone has access to it, but does China truly understand? Because if they did, I believe they would never throw their advantage in the industry by banning POW mining, and trading. |
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