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1.Bitcoin cannot make a poor country rich.
2.The International Monetary Fund is a tool,which was created and used by the USA,in order to keep underdeveloped third world countries under control.I don't expect IMF to provide any real help for the economy of any country in the world.
I assume that someone doesn't want El Salvador to turn into a "tax heaven" or "crypto heaven" type of country,so that's why "the powers that be" will apply some pressure to the government of El Salvador and discourage BTC/crypto adoption.
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Believe me, when you believe in a project, you believe in a project. I thought that finance and trading is all about making proper analysis of the market,or at least conducting research and analyzing all the information you gathered about a project,before investing in that project. Believes,gut feeling and all that irrational stuff have nothing to do with finance and crypto trading. I assume that by "altcoins" you mean utility tokens.Well,so far I have never seen a utility token project to generate big profits.The big altcoins are just an addition to Bitcoin,so I don't think that your idea is going to work. |
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I will not be surprised if these hacks are government sanctioned attacks (Russia) to enable governments to instantiate these bans. (Now they have a perfect excuse to do it) Roll Eyes This is a conspiracy theory and it doesn't make any sense. Russia doesn't care about whether or not the western governments will ban cryptocurrencies. If the western governments want to ban cryptocurrencies,they can find many excuses-tax evasion,money laundering,energy consumption of crypto mining,etc.Ransomware hackers are just one of those excuses. Even if cryptocurrencies do get banned,the ransomware hackers will find other payment methods for their blackmailing. |
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A company that has a few billion dollars worth of financial assets to launch a "speculative attack" over the US dollar?This is hilarious!Don't make me laugh.
This news is already old,since the Bitcoin price had recovered back to 36K USD,so the losses of Microstrategy aren't that big,I guess.
Borrowing money to buy Bitcoin seems like an extremely risky strategy.
It is clear that Microstrategy is losing money and Micheal Saylor doesn't want the Bitcoin price to drop below 30K USD.That's why he is so damn optimistic and bullish about Bitcoin.
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No,this is not a sign that Bitcoin is going towards a bullish trend.This is just Jack Dorsey expressing his opinions about Bitcoin.I consider myself to be a Bitcoin maximalist as well,but those guys looks like a religious sect.Just look at the replies below that tweet.Are Jack Dorsey and Michael Saylor the new gurus of the Bitcoin sect?  |
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I guess that this is the place,where the financially poor football clubs from Eastern Europe will have a chance to win a European trophy.The Champions League and Europa league are reserved for the ultra-rich and the medium sized football clubs.UEFA wants more European tournaments,because this will bring them more revenue from sponsors.
The Super league has failed,but the greediness of UEFA has no limits.
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Fortunately (or not), Elon Musk is a game changer but it's clear that people are completely done with his tweets and the way he literally manipulates the market.
Basically the situation is: now Elon is suffering extreme pressure from retailers investors and he is slowly losing his credibility (they have even created a "StopElon" coin), and from the moment Tesla does not accept BTCs anymore, the company basically owns a huge bag that guarantees a huge profit in the short and long term, but it is useless for practical use (Bitcoin is losing appeal and it's becoming a "Big guys's exclusive", without even taking into account the environmental issue that has now been exposed to the public opinion by Elon himself).
My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?
Why do you think that Bitcoin is useless?Just because Tesla doesn't accept BTC payments,that doesn't mean that Bitcoin is useless for Tesla.BTC still has value.Musk/Tesla will decide those BTC sooner or later.This is their own choice,we can't do anything about it.I don't think that this will shock the Bitcoin markets.The crypto traders already know that true nature of Elon Musk. By the way,the "StopElon" coin can't change anything.This is just a meme. |
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What are you skills?
If you idea is truly original,then why do you try to register a patent?
What problem will be solved by your project/product/concept?Is this a product or a service?
What is your budget?Do you need a big budget or a small budget?
It's crucial to know how to present your idea in front of potential investors in a compelling way.
Finding investors will be hard and convincing them to invest in your project will be even harder.
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You had your chance to buy at $1.
You had your chance to buy at $10.
You had your chance to buy at $100.
You had your chance to buy at $1,000.
You had your chance to buy at $10,000
You still have the chance to buy NOW.
If you've failed all these times you deserve staying poor. No offence, but I think you had all the chances in the world. We can't make you rich by force.
Well,this is more complicated than you think. When the BTC price was in the 1-10USD range,I didn't know that Bitcoin exists. When the BTC price was between 100-1000USD I didn't know how to buy Bitcoins,I was expecting the price to crash and I had doubts that Bitcoin might turn into a scam. I don't believe that the Bitcoin price will ever going to hit 1M USD.There's a small possibility,but I wouldn't bet my money on that.I would be happy with a 100K USD Bitcoin price or at least a recovery back to 50K USD. |
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Don't buy now with your money and put it all into it to get rich.
Put a little each month, no matter the price. You would want that for your children and grandchildren.
DCA is the solution for not being able to get swindled when China bans bitcoins again.
No matter how long it takes, it will pay off. You won't lose your home or have to move back into your parents' house
Why do I feel that many people believe,that the Bitcoin price is guaranteed to hit 500K or 1M USD in the future?There is a chance for the BTC price to reach that amount,but this isn't guaranteed. You you want to become truly rich,just build a successful company or get a high paying job,save more money and diversify your assets. Investing all your savings in Bitcoin doesn't seem like a smart move,because the price might drop significantly and you might get trapped into the panic selling trap. I'm not hating on Bitcoin.I'm just saying that proper risk management is always needed. |
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Many Buyers(including the crypto whales) will be waiting for a lower BTC price.Institutional investors will never buy BTC in a time,when FUD against Bitcoin dominates the mainstream media.
Many Sellers will be waiting for the Bitcoin price to recover back to 40K USD.
The market might be stagnant during the entire summer.A new FOMO phase/bull run might begin by the end of 2021 and the winter of 2022.The price might drop back to 20K USD during the summer,or it might stay in the 30-40K USD level.Just HODL all your BTC and try to buy more,if you can.
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Regarding the taxation of Bitcoin, I would like to know your views.
I think that the development trend of Bitcoin is unstoppable. It took only ten years for Bitcoin to have a significant impact on the world. Gradually, Bitcoin will gradually enter the supervision of the government. If Bitcoin is regarded as a kind of currency, it will affect the original legal currency of the country. However, if Bitcoin is used as an investment commodity, it is bound to face a problem— -tax.
I would like to ask how other countries currently tax Bitcoin. In my understanding, it is difficult to find if Bitcoin is converted into legal currency. In China, we transfer cryptocurrency to others through Binance, and at the same time receive transfers from other people's bank cards. In the view of Bank of China, it is just a simple transfer transaction. If Bitcoin's hash address is one-to-one correspondence with the person, then Bitcoin loses its anonymity. This puzzles me. Taxation and anonymity seem to be opposed.
Bitcoin should be taxed,because Bitcoin should be treated the same way any other financial asset is being treated by the tax authorities.We have to face the truth-Bitcoin is a financial asset,rather than a currency. If you want to know how other countries are taxing Bitcoin,just do a research.Don't ask questions on a forum. Bitcoin isn't anonymous.BTC mixers can make it anonymous(but only if the Bitcoin mixing service is reliable). |
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If Bitcoin is just bunch of code then fiat money are just a bunch of paper.
Bitcoin is being used by criminals and fiat money are being used by criminals as well.
The price of every financial asset is determined by supply and demand.If the people trust an asset,they will buy it.If nobody trusts Bitcoin,the Bitcoin price would be zero.
The same thing applies to fiat money.The government forces the people to trust the national currency,but sometimes the governments fail(uncontrolled money printing,budget deficits,etc.)and the people lose their trust in the value of the currency.
Do you think that anyone in Venezuela trusts the national currency of Venezuela?
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Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
The crypto traders,who are selling altcoins usually get Bitcoin in return.The traders,who sell Bitcoin usually get stablecoins or fiat money in return.That's why Bitcoin and the altcoins are going down at the same time. The market is "bleeding" and liquidity is getting out.When the FUD phase is gone,a new FOMO phase will eventually start and fresh money will enter the crypto market,pumping the prices of all cryptocurrencies again. |
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Bitcoin is scam, Generated out of thin air while US dollar generated out of Gold
Bitcoin is scam, Generated out of thin air while US dollar generated out of Gold as according to Donald Trump. Will you vote Donald Trump in upcoming election? However there is too much electricity consumed mining BTCitcoin while electricity not required to mine the United States dollar. Actually it is generated just out of thin air.
You are using Donald Trump as a reference?Really? Since when Donald Trump knows anything about finance or how the monetary/banking system works? US dollar was backed by gold before 1971.Now USD is backed by nothing.Bitcoin is also backed by nothing and this isn't a problem.Do you know how much electricity is used by the banking system? Why are you so butthurt OP?Did you get scammed?Are you butthurt,because the Bitcoin price is dropping? |
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Something created panic selling on the market,and the lack of buyers caused the price to go down.
There aren't many bullish signals on the market lately,so every bearish signal creates insecurity and pressure,among the traders that have weak hands.It doesn't matter how insignificant the bearish signal is.
I don't believe that the news about the seized Bitcoins from the Colonial ransomware hackers created panic on the market,but it seems that this news have some impact over the Bitcoin price.
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I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?
Thanks guys!
Just wait until you become above 18 years old and then open bank accounts,Paypal or crypto trading accounts.It doesn't matter what financial service you are going to use.KYC(ID verification) is a must and they won't accept underage people.Using your dad's ID seems kinda sketchy.What if you lose money? What if your dad's ID gets leaked and your dad gets doxed? If a cryptocurrency price goes down,you can use a stop loss order or you could sell that coin for a stablecoin and wait for the price of the first coin to recover. |
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This is a pretty interesting topic.
Even if such burn address exists,what's the point of using it?
This is like burning paper money in the fire.What's the point of destroying something that has value?
Making BTC even more scarce and valuable?I kinda get that,but do you think that some crypto whale would sacrifice billions worth of BTC,in order to limit the supply of BTC and boost the price.
This doesn't make any sense.
I'm wondering about which altcoins have such burn addresses?Many altcoins have a pretty big supply,so limiting their supply,by burning lots of coins might theoretically boost their price.
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OP,are you talking about the Bitcoins stolen from the Colonial ransomware attack?
This is actually good news.Ransomware hackers should be punished and the funds have to be paid back.
Hackers and ransomware creators create a bad image for Bitcoin and we need to get rid of them.
I don't think that this news will create panic on the BTC market.Most of the BTC users aren't that dumb.
They know that private keys cannot be easily cracked by program.Hackers storing stolen BTC in Coinbase is a really dumb move.
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You are way too optimistic.
My predictions aren't about percentages of probability.
My predictions are more like:
2025-1 out of a million
2026-1 out of 100K
2027-1 out of 10K
2028-1 out of 1K
2029-1 out 100
If Bitcoin is still strong and standing by 2029,then a price of 1 million USD would be probable at around 1%.
However,I'm not sure that the western governments/central banks or China won't try to shutdown the Bitcoin Core blockchain by making BTC mining and cryptocurrency mining in general completely illegal.
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