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3141  Bitcoin / Bitcoin Discussion / Re: As a Chinese, talk about my views on the new policy on: May 27, 2021, 12:03:00 PM
Basically the two main reasons why China hates cryptocurrencies are:
1.Tax evasion.
2.Exporting money and capitals outside China.
Cryptocurrency mining was never really a problem for the Chinese government,since the communists don't care that much about sustainable development and protecting mother nature.Pollution of the environment was never really a problem for the Chinese communists,until the air in Beijing became toxic and you could see what you breed. Angry
3142  Bitcoin / Bitcoin Discussion / Re: Making investmets based on Elon Musk Tweets on: May 27, 2021, 11:42:39 AM
Unpopular take but this is inevitable as bitcoin grows. Say the ultimate theory of hyperbitcoinization comes to pass in 20 years or something. Do you think everyone owning bitcoin is anarchist intellectual fighting the good fight? No... Bitcoin is going to be like water to the fish that swim in it, and 99% of the people won't care about it beyond that.

People buying bitcoin due to Elon's tweets will come and go and cause volatility, but it's an inevitable step in the larger journey of this technology. Gatekeeping will only cause your own blood pressure to go up, so I'd just make sure I got my keys in a safe place, buy the dips that result from these sudden adoptions and go with the flow.

Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.

What are your thoughts?

I don't understand what exactly are you trying to say here.
People buying/selling Bitcoins based on Elon Musk's tweets have NOTHING TO DO WITH THE TECHNOLOGY BEHIND BITCOIN.Buying and selling BTC doesn't change the Bitcoin blockchain,it can only increase the number of transactions and increase the transaction fees and confirmation time.This doesn't change anything about how the BTC blockchain works.
Nobody is "gatekeeping" Bitcoin.Everyone is free to buy as mush BTC as he/she wants.
Newcomers are welcome to the crypto community.I don't see any gatekeepers around.
3143  Economy / Speculation / Re: Slap yourself if you didn't buy during crash, and slap harder if you... on: May 27, 2021, 11:14:15 AM
Do you suggest that we should rely again on Elon Musk to boost the Bitcoin price back to 60K?
What if he continues with his FUD?I read news,that some crypto miners are "simping" for Elon Musk,by trying to use more green energy and reduce CO2 emissions,as if this will convince him to buy more BTC and stop with the FUD against Bitcoin. Grin
Nobody knows whether or not Musk/Tesla had sold their Bitcoins.If Musk really sells his BTC,the market will crash again to 30K USD,but this isn't something bad.We don't need people like Elon Musk in the crypto community.
3144  Economy / Economics / Re: Bitcoin As a Payment Method Against Other Payment Network on: May 27, 2021, 06:54:08 AM
Quote
From that statement we can know that Bitcoin can be used as a payment method in all business. It can compared with another payment network like Paypal, Visa (Mastercard), etc. Musk showed us cryptocurrency is really The Future of Business.

You are wrong:
1.We already know that Bitcoin can be used as a payment method,with or without the Tesla statement.
2.Tesla didn't accept BTC payments,so please don't quote old news.
Unfortunately Bitcoin cannot compete with VISA and Mastercard.Bitcoin is more like a financial asset,rather than a payment method.

3145  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining Council on: May 27, 2021, 06:38:57 AM
Leading North American mining companies (such as ArgoBlockchain, Galaxy Digital, HiveBlockchain etc..) will form a Bitcoin Mining Council , the aim being to reduce the industry's greenhouse gas emissions. Such  initiative  was  announced after their weekend meeting with Elon Musk.

Should  this Council be considered as  Musk's attempt to rehabilitate himself  in the eyes of the community or he really wants to help?

Nah,Elon Musk doesn't care about the crypto community.
I guess that the US crypto miners will try to bring him back in the crypto community with this attempt.
A "mining council" cannot solve the problem of crypto mining using more "green energy".Solar and wind power can only make crypto mining less profitable,unless the miners are mining some shitcoins,that are really cheap and easy to be mined.
Creating a mining council sounds like more centralization to me.Maybe they will turn into some sort of mining cartel.I want crypto miners to compete with each other,instead of uniting in one team. Grin
3146  Bitcoin / Bitcoin Discussion / Re: What are some impediments to Bitcoin's continued growth on: May 27, 2021, 06:21:59 AM
A lot of news or events (e.g. china bans, random tweets, tether) have generally been dismissed as FUD, perhaps rightfully so.

I'm curious what are some genuine concerns for the future growth of Bitcoin? Some people in the space (e.g. Michael Saylor), when asked this question would say nothing can stop bitcoin but I'm asking here to hear more of a balanced view.

What do you mean by growth of Bitcoin?Do you mean Bitcoin price growth or mass BTC adoption?Unfortunately,those are two completely different things.
Bitcoin price volatility actually stops the global Bitcoin adoption,because the retail businesses won't accept BTC payments.There's no point of paying 100USD worth of BTC for goods and services,when you know that those 100USD BTC might turn into 135USD tomorrow.
Michael Saylor is a mindless Bitcoin bull.I don't mind people being optimistic about Bitcoin,but this guy is just spreading wishful thinking and propaganda.
3147  Economy / Economics / Re: Is Bitcoin Naturally Defined By 4 Year Boom And Bust Cycles on: May 26, 2021, 11:28:38 AM
Definitely yes!
What else do you expect from a financial asset that has a limited supply and really unstable demand.
The BTC market is going between FOMO and FUD.There's no stability.
This boom and bust cycle is a great advantage for all the crypto whales,investors and gamblers and a big obstacle towards mass Bitcoin adoption.Small businesses want a stable price,in order to accept BTC payments.Spending a currency,that will become way more valuable tomorrow is nonsense.
3148  Economy / Trading Discussion / Re: WHAT HAPPENED? I went into the hospital cam out AND.... on: May 26, 2021, 11:05:33 AM
A 10% loss is nothing in the crypto world.
You could just do a google search about the recent events in the crypto world,instead of creating a forum post.

Quote
From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust?

Commercials are just over hyped.You should never trust commercials.
Coinbase is a company and Bitcoin is a currency.Coinbase will keep making money,even if the Bitcoin price gets below 10K USD.Their revenue and profits doesn't depend on the Bitcoin price or other cryptocurrency prices.I'm sorry that you lost some coins.I really hope that the Coinbase customer support will solve your problem.
3149  Economy / Economics / Re: We exited the bear market earler than expected on: May 26, 2021, 05:39:25 AM
We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

I don't think that this is an actual bear market.It's just a price correction after "the Elon pump&dump".
There was FUD coming from China and from different places,but the Bitcoin price is stable at 35-40K USD,so the FUD doesn't work anymore.However,this might turn into a bear market,if there's no support for a price above 40K USD.Many people will get tired of waiting for a price recovery back to 40-50K USD,so they will decide to sell their BTC at some point.
 
3150  Bitcoin / Bitcoin Discussion / Re: Domino's franchise offering salary to employees in bitcoin!! on: May 26, 2021, 05:23:58 AM
I appreciate all the companies that adopt Bitcoin,but we shouldn't pay much attention to this news.
A company with 1000 employees allows them to get a relatively small part of their salaries in Bitcoins(only if they want to).Damn,such massive BTC adoption will bring the BTC price back to 60K for sure! Grin
This happens,only because the company CEO heard some employees "talking about Bitcoin".  Grin This is hilarious.
3151  Economy / Speculation / Re: Is the Bitcoin crash an opportunity to enter the market? on: May 26, 2021, 05:04:10 AM
Supporters believe that investors believe that Bitcoin is an effective tool for hedging inflation in the context of global central bank releases. Opponents believe that investors are chasing Bitcoin too fiercely, and a speculative bubble may have formed. Do you think Bitcoin crash is an opportunity to enter the market?

BTC supporters actually don't know what the investors are thinking about Bitcoin.
Some investors might be thinking that Bitcoin provides protection against inflation,other investors buy Bitcoin only because of the expectations to get huge profits.A very small amount of investors buys BTC,because they believe in the future of blockchain technology.
The "Elon Musk bubble" is over,so I hope that no new bubbles will be pumped in the next few months.
Yes,this is a good time to join the market.
3152  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: May 25, 2021, 11:00:53 AM
If the global governments around the world start a war against crypto,the cryptocurrency prices will drop 10x or even more.The current Bitcoin price is somewhere around 37K USD.If the US government begins a war against BTC,the price will drop below 1K USD for sure.
Jogn McAfee is talking about financial independence,but nobody can't use a cryptocurrency exchange without KYC verification.You can't buy and sell cryptocurrencies without KYC verification.Is this "financial independence"?
3153  Bitcoin / Bitcoin Discussion / Re: Im Surprisd btc still alive on: May 25, 2021, 10:39:17 AM
There is many More better blockchains with much better use  Cases and utility.
ETH is one of biggest.

Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.

So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.

So to Say to take money from people and scam them.

Yeah,but the ethereum price has the same pumps and dumps as Bitcoin.Do you think that the ETH price is stable?
Do you know how many people own the majority of ethereum in existence?ETH is owned by a bunch of crypto whales as well.Can you mention a few areas where ethereum is more useful than Bitcoin?ICOs?NFTs?DeFi?
Don't make me laugh.ICOs,NFTs and DeFi are just a scammers paradise.
I don't even want to comment on your claim,that the ETH blockchain is better than the Bitcoin blockchain.
This simply isn't serious.
3154  Bitcoin / Bitcoin Discussion / Re: Bitcoin & increasing government pressure & power outages on: May 25, 2021, 05:36:09 AM
As we talked about in the previous article about the problems of bitcoin miners in Iran(https://bitcointalk.org/index.php?topic=5338536.msg57043573#msg57043573), in the new news that I have received, the government has officially asked the people to stop bitcoin mining and turn off the machines and they will be dealt with legally.

https://s19.picofile.com/file/8434554918/1.mp4.html
Interestingly, they recommend that the digital currency market probably disappear and do not take risks or invest.(WTF Roll Eyes)
Even legal miners should turn it off as soon as possible.
Strange opposition to the bitcoin world still continues.


Iran was never a crypto friendly country.What else do you expect?
I remember that there were news about Iran creating their own cryptocurrency,in order to avoid US sanctions.
I don't know what happened with this project,but creating a centralized shitcoin doesn't mean that Iran is a cryptocurrency friendly country.I assume that there are deficits in electricity supply,but I'm familiar with the situation there.

3155  Bitcoin / Bitcoin Discussion / Re: Why is it so bad that Elon and Saylor are talking with miners about clean energy on: May 25, 2021, 05:09:44 AM
Why are people busting out about the fact Elon and Saylor are talking with minders about reporting their energy mix?

This can only be good for reporting North America’s Bitcoin mining footprint?

And about “centralizing miners”, only large huge miners have a chance at getting a block so it’s already conglomerates mining. How decentralized is mining really? That can’t be the reason. Thoughts?

Is there a "North America Bitcoin mining footprint"?How many Bitcoin miners are located in North America?
Elon Musk tries to look "green" and "environment-friendly" again.I guess that he conveniently forgot about Bitcoin mining,when Tesla bought 1.5 billion USD worth of Bitcoins.What a hypocrite.
BTC mining is decentralized,because there's no monopoly.The size of the miners doesn't matter.If one big miner gets out of the mining industry,the mining difficulty will get adjusted,so I don't see any problem.
3156  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 24, 2021, 12:07:53 PM
We all know what goods and services Google,Microsoft,Apple and Amazon are producing.
What goods and services is Bitcoin currently producing? Grin
Those companies have revenues and costs.What are the revenues and costs of Bitcoin? Grin
All those stocks,that were issued by those corporations aren't scarce.I'm sure that Google,Microsoft,Apple and Amazon can issue way more stocks,so their price will go down.Bitcoin is way more scarce than stocks.
What the Bitcoin community(with the help of people like Elon Musk) has achieved is great,but should we really compare BTC to stocks?
3157  Bitcoin / Bitcoin Discussion / Re: I sometimes wonder whether Bitcoin has established a religion. on: May 24, 2021, 11:29:36 AM
I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
Those who try to eliminate or replace Bitcoin are heretics or atheists. What is happening now I want to call it a religious war
In this way, Satoshi , the creator of Bitcoin, can be called a god. He changed the order of the world and brought revolution.

Bitcoin maximalists can get a little bit fanatical sometimes. Grin
I don't mind Bitcoin having it's critics,but I hate the pointless FUD,that has a hidden agenda behind it.
I don't think that anyone is trying to "eliminate or replace" Bitcoin.Maybe Roger Ver and Craig Wright were trying to replace Bitcoin Core with their own version of Bitcoin,but that's another case.
Most of the Bitcoin HODLers simply know,that Bitcoin is a scarce asset that has an increasing demand,which means that Bitcoin can only get more valuable in the future.This isn't a religion.This is just facts and logic.
 
3158  Economy / Economics / Re: How many bitcoins did Tesla earn from selling cars? on: May 24, 2021, 06:17:47 AM
Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?

Probably close to zero.Spending Bitcoins during a bull market was a dumb move.Nobody is that stupid.
I actually doubt that Tesla allowed BTC payments for their cars.This was just an idea,that was used to pump the Bitcoin price.I'm not sure that Elon Musk was sincere about accepting BTC payments.
Maybe it was just a pump&dump,organized by Musk,or maybe the government told him to cancel this idea,because Tesla might not get any regulatory credits.
3159  Bitcoin / Bitcoin Discussion / Re: Bitcoin and crypto is in trouble on: May 24, 2021, 05:52:46 AM
I know that you are joking,but there's no proof that the 2020 stimulus checks pumped the Bitcoin price.
It was the institutional investors,like Grayscale,Microstrategy and Paypal,that pumped the Bitcoin price in 2020.Elon Musk/Tesla pumped the BTC price in the beginning of 2021.
You should also keep in mind two more things:
1.There will be no more stimulus checks.The US economy will open,as the vaccination continues.
2.The Bitcoin price kinda stabilized at around 35K USD,so the price drop isn't continuing for now,despite all the FUD coming from China or other places.
3160  Bitcoin / Bitcoin Discussion / Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK on: May 24, 2021, 05:29:31 AM
If you really know how to make the crypto markets a better place,then why don't you just create your own altcoin and promote it?You can't change Bitcoin by just connecting with a few people here and there.You can't find and talk with Satoshi Nakamoto.
Yeah,it sucks to be in a bear market,but we've been in a bear market before.Man up and stop whining.
Good times will come and to,bad times will come and go as well.
You cannot save crypto from Elon Musk.Nobody can.
 
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