Does people actually know that transaction fees over the Bitcoin network has been cheaper than their favorite alts recently? Okay every Ethereum user is probably aware of this but how about those Doge fanatics? It takes 1-2 Doge to send a transaction which is more or less $0.50 to $1 based on current price. Even the BSC network has been congested lately and standard gas price went up to 9 Gwei from the previous 5 but I read that some people had to add more spending over $1 for their transactions not to be rejected.
Earlier today, I was able to send BTC at 3 sats/vbyte but I know the fee went even lower than that. That's less than $0.50. It's already back up to $4 but my point is that some people are probably still stuck to the notion that BTC transfers are always expensive. They don't realize they are spending more on their altcoins.
This looks like a cycle to me.Bitcoin blockchain gets stuck,so many people move to altcoins,this makes altcoin blockchains stuck and increases altcoin transaction fees,while the Bitcoin transaction fees go down. The cycle will repeat again and BTC transaction fees will go thru the roof,when the Bitcoin price goes above 60K USD and a new FOMO phase starts. If you want low fees,you should move to a centralized payment network,even though the fees there will increase as well.  There's no solution,I guess. |
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This is just another terrible horror story of gambling addiction,but should we put the blame on the gambling industry?
Should we put of the blame on the alcohol industry for all the alcoholics?
Should we put the blame on the weapon industry for all the murders and violence?
Perhaps more government regulation will reduce such cases of addiction and deviant behavior,but I don't believe that the government will be that effective.
Maybe the only right way is to educate all the kids at school about the horrible side effects of getting addicted.
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Mark Zuckerberg has goats?That's weird Maybe he named his goat "Bitcoin" only to make fun of Bitcoin,not because he is a Bitcoin fan. Maybe he will join Elon Musk and try to pump Bitcoin/altcoins just by posting weird stuff on social media. I don't know what happened with the Libra project,that was about to be launched by Facebook years ago. Is the project dead?I don't believe that Facebook will ever going to accept Bitcoin payments on their platform. |
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1.I don't think that Bitcoin was that much adopted back in 2010.
Probably a few tech geeks knew about BTC and were actively mining BTC on their computers.
Buying digital stuff and porn with Bitcoins back in 2010?Nope,not really.
2.The US dollar isn't dead and it won't die.The US dollar will exist as long as USA exists.
3.Being adopted by a bunch of corporations doesn't make Bitcoin a "corporate reserve currency".
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One thing everyone agrees on is that it has become a staggering consumer of energy and producer of climate wrecking carbon dioxide. Debate between its champions and detractors grows with its price and value, intensified by accelerating global efforts to tackle climate change. CLIMATE WRECKING CARBON DIOXIDE?!? Plants need carbon dioxide in order to survive.The article author should go back to school and learn biology. This is some stupid "save the planet"/Greta Thunberg type of preaching.As if many other industries aren't using energy produced by burning coal and polluting the environment.Bitcoin mining should be blamed for all the pollution I guess.  This article is just explaining common sense-it's not easy to be green,since green energy is more expensive. It's no "dirty little secret" that miners are using "dirty" electricity,but this is temporary and it will change in the future. |
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If Tom Brady had bought Bitcoin and believes in Bitcoin,then that's great,but he never mentioned anything about Bitcoin or buying BTC in his social media profiles.
I guess that he's joining the meme and trying to get attention to some shitty NFT,that he will try to sell,which is just,meh...
I don't really believe that people like Tom Brady will push Bitcoin adoption to another level.His fans aren't interested in finance and crypto trading.
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1.There aren't 21M Bitcoins,because a few million Bitcoins are already lost or will be lost forever.
2.I don't get your idea about equal distribution.OK everyone will get the same amount of BTC,but what happens after that?Some people will lose their BTC due to scams(or forget their passwords and private keys),other people will waste their BTC,buying stuff they don't need or playing crypto gambling.Eventually the BTC will be concentrated in the hands of a few wealthy people.That's how capitalism works.
3.Many poor people in the underdeveloped countries don't have computers and internet.How do you plan to give them Bitcoins?
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
If you can afford to lose your investment and you are OK with the risk,then there's nothing wrong with having all your capital invested in BTC.I don't think that altcoins are a real hedge against a possible BTC price drop,because their price is following the price of Bitcoin,so having BTC+many altcoins in your portfolio isn't real diversification. I'm not so sure that the Bitcoin price will boost like crazy around November.Nobody knows when the new bull run will happen.It might be sooner than November,or it might happen in 2022. |
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I bought a shitty "make money online" guide for $30 BTC back in 2017 and I got scammed on Discord for $100 BTC back in May last year.The Bitcoin price was way lower in May 2020 and 2017,so I've lost way more money. These are my "Bitcoin pizza" moments. I wish they never happened,but making mistakes is a big part of learning and gaining experience. My Bitcoin pizza moments can't be compared with yours.Do you regret making your BTC donation? |
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I don't know if these counts as a song but I have heard some sort of Epic Rap Battle of History kind of video format where they rap battle it out with Satoshi versus the Inventors of Banks, although I forgot the name, the satoshi lines were really fire IIRC.
It was Satoshi versus Alexander Hamilton-one of the founding fathers of the USA and the "father" of the US federal tax system and centralized currency(if I remember correctly). I might be wrong about him being 'father' of the US dollar. I watch a few of those so called "Bitcoin/Crypto songs" everytime I need my daily dose of cringe. Really don't want to be a total killjoy here, but yep, cringe is what they are.
Those songs are simply a joke.Some people find them funny,other people find them cringe. We should take a joke or two about Bitcoin and crypto.Taking everything in the crypto industry too seriously is a wrong approach. |
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The darkweb is being used for illegal activities.Is the darkweb shutdown by any government?
The Tor browser and Tails OS are the main tools used to access the darkweb.
Are Tor browser and Tails OS shut down by any government?
The question here is HOW the governments can shut down Bitcoin mixing services?Is this even possible?
I don't see how any government in the world can effectively shut down all BTC tumblers,that are used by it's citizens.
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Consumer inflation in the US will increase,but it won't become hyperinflation.
Going from 1,8% to 2,3% is not a big deal.The real inflation will happen in the US financial markets.
Economists and businessmen in the US were expecting growing inflation over the last 10 years.Such big inflation never happened,but the people keep talking about the US dollar doing down,in terms of value.
Another interesting question is will the USA "export inflation" like they did back in 2011,when the increased levels of inflation in the middle east,combined with increased poverty and unemployment caused the revolutions in Egypt,Libya,Tunisia,Syria and other countries.
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This proves that Americans are more interested in Bitcoin and they have spent more money investing in equipment to mine Bitcoin. This is out of need and I think that is normal. The Chinese miners have saturated, did not expand their facilities or updated new equipment for their Bitcoin mining plants.
Miners in the US come later and they can buy more modern equipment and mine Bitcoin more efficiently.
How do you know that Chinese miners aren't expanding their facilities and updating their equipment? Did you travel to China,in order to inspect their mining facilities and hardware? From where the US miners will buy their mining equipment?AFAIK,Chinese companies are producing most of the crypto mining hardware. I don't really believe that mining in the US will be more effective compared with mining in China. The electricity costs,real estate prices and labor costs are bigger in the US,compared with China. I'm not advocating on Chinese miners.The biggest problem with Chinese miners is the government of China,which is kinda unpredictable and we don't know when the government will try to shut down all crypto miners. |
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It is obvious that world billionaires are indicating interest into bitcoin of late ,for instance Elon Musk twitted that you can now purchase his Tesla cars with bitcoin, is he trying to hod bitcoins so it will be scarce then he control and dictate the price of the market or is it for the good of bitcoin that we have been expecting ,what do you think
Elon Musk is not "world billionaires". He is the richest man in the world,but he doesn't represent all billionaires around the world.There are many billionaires,like Warren Buffet and Charlie Munger,who hate Bitcoin and will never embrace it.Most of the billionaires around the globe are neutral towards Bitcoin.They simply aren't interested,or they know something about BTC,but they don't want to buy Bitcoins. I don't believe that Elon Musk can control the market and dictate the BTC price.He has influence over the crypto market for sure,but control and influence are two completely different things. |
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All the theories about quantum computers and Bitcoin are nothing but FUD... Quantum computers are simply being used as a "scarecrow" by all the FUDsters and Bitcoin haters. "Don't buy Bitcoin,because after X amount of years,a quantum computer will destroy the Bitcoin Core blockchain and your Bitcoins will be gone."This is the main narrative. There are two things to be considered: 1.The Bitcoin Core blockchain is not static and can be/will be improved. 2.A potential successful attack will crash the Bitcoin price to unprecedented lows,which makes the attack unprofitable. Two 2 factors make a possible quantum computer attack pointless. By the way,I'm not an expert in this topic. |
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May time we forget that there are millions of people out there that do not have access to any type of banking. I am speaking of millions that do not geenrate a recurrent income, do not have access to credit and have their lives quite limited for that fact.
One of the possible advantages of having digital currencies that are recognised by strong central banks and can be moved digitally is the possible access of all this people to a system of storage, exchange and maybe even credit through the digital official coins. I can only begin to imagine how huge can be the economy enabled by these initiatives if bitcoin alone has already taken a preeminent place in a few countries such as Nigeria, Myanmar, Venezuela, ...
A vast majority of the "unbanked" people don't use bank services simply because they are poor. They don't have money to deposit in a bank account.They don't have a stable 9/5 job or a collateral,in order to get a bank loan.Not having a PC and internet connection is another big obstacle.Poverty is the main reason why the people are "unbanked". CBDCs cannot solve their problem,because CBDCs can't help them escape poverty. Unfortunately the crypto industry cannot help those people,because it doesn't create enough jobs for people with low qualifications. |
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I'm really sorry about your misfortune with cryptocurrency mining.
I guess that your biggest mistake was quitting your job.Having a cryptocurrency business should be a side hustle,until it gets big enough to generate a sufficient income.Not having a job and investing everything in one business is a huge risk.That's why most small businesses fail in their first 3 years of existence.
The crypto world was really unstable and filled with crypto exchange scams back in 2010-2018.
I hope that you are going well and you will get out of this depression.
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What's the point of football clubs paying their players with Bitcoins?Do the clubs get any benefit from that?
I don't see any benefit from such move.It would be way better for the football clubs to just buy lots of BTC and HODL them.Many football clubs have problems with debt,so having an asset that gets more valuable in the long term is a way to make more money and payoff their debts.
If the football players want to adopt Bitcoin,they could just buy BTC with their fiat salaries.
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Is he the new John Mcafee? This is just bullish wishful thinking.The price will never hit 1 million per BTC.Let's be more realistic and stay in the 100K-200K USD frame,when it comes to bullish price predictions. I don't know what force would pump the BTC price to 1M USD?I can't imagine such financial power. The US federal reserve buying Bitcoins?China buying Bitcoins?Global mass adoption of Bitcoin as a reserve currency?All 3 options seem pretty unrealistic. |
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Damn,I forgot that I have a Yobit account.I haven't logged in for years. I was messing around with Yobit back in 2016.I had a really small amount of BTC there.My overall experience was good,they didn't scam me,but I would never buy a shitcoin,that is listed on Yobit. I'm not surprised by their shady tactics.I'm surprised that Yobit is still relatively popular,despite all the negative reviews and their bad reputation. A warning to all the noobs-Please do NOT deposit big amounts of cryptocurrencies there. |
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