Thank you for the information, franky1. Because Blockstream is “destroying the essence” of Bitcoin, which cryptocurrency is holding the real “Bitcoin essence”, that it deserves to be called the “real Bitcoin”?  |
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Then can you give me an example of projects that had “those tokens” that used a database that was BEFORE Bitcoin, “blockchain technology”, and cryptocurrency exchanges?
Sure. All the pharmacies, and gas stations, and shops that had for you cards where you gathered reward points. Those were basically tokens in a database and you were able to exchange them back for "value" and buy something. Lately supermarkets and credit cards also have that. I don't know which were introduced first though, in my country pharmacies and gas stations did it first. Then were those tokens LISTED in an exchange where their value can be manipulated, pumped and dumped, up and down to make the whale-cumulators rich? No, because it’s not the same “blockchain tokens” that shitcoins scammers shill, and our fellow plebs like to gamble on. |
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Hahaha bad advice! Those with little money should definitely be adviced to SAVE money, not GAMBLE their little money in “microcaps”!
The main reason why people leverage is because they do not have large amount of money to trade, that is why they instead think of going 2x, 3x or more. It all depends on experience, the leverage used and patience. Some people are good enough to turn small amount of money into something good. If anyone can not start to trade like this with lillte leverage like 2x, then the person can not be a good trader or will lose a lot before becoming a good trader that will make profit. “Some people” will be “good enough”, of course. But MOST people, especially 90% of people who trade will lose their money to the 10% under a large sample. We mere plebs should save, not gamble. Would you advice your poor friend to gamble? |
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Leverage trading is the riskier, you can get wiped out in a minute. Those that are not familiar with future and leverage should stay away until you know your risk and your are willing to take those risks head on! Those with little money to trade can always focused on micro caps!
No ser, it would depend on how much leverage is used. Hahaha bad advice! Those with little money should definitely be adviced to SAVE money, not GAMBLE their little money in “microcaps”! |
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“blockchain technology”, really a stupid pleb-term
Indeed. I guess that it was made up by people who don't know what it is and it is also targeting the people who don't know what's all about. Typical buzz words. But can “those tokens” that were existing before “blockchain technology”, really a stupid pleb-term, be listed in exchanges then be sold, actually DUMPED, to US the plebs? What exchanges were there before “blockchain technology”?
In the past these exchanges weren't existing, so it's not a good comparison. But even nowadays, in the ICO era, there were "coins" that could be acquired only from their own website. So dumping onto plebs is still possible. Then can you give me an example of projects that had “those tokens” that used a database that was BEFORE Bitcoin, “blockchain technology”, and cryptocurrency exchanges?
But my initial point was that those buzz words were used in order to make things look advanced and complicated to be implemented so they can eat up investors' initial funds. I mean that with 5.1M funds at hand, [bJthey don't even need to dump tokens, they're are already set[/b].
Then there’s no need to list the tokens? |
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The Leader of Bitcoin is the Bitcoin Dev Team : Blockstream Nope. Again, there's no leader in bitcoin and by that I mean an entity that affects it in such an intensive way, that if Blockstream moved to another cryptocurrency, the bitcoin community would follow likewise. This kind of leadership exists in Ethereum for example, where Vitalik decided that the community should abandon Ethereum Classic's chain and most of them did. Bitcoin suffers the least from this type of weakness due to its significant ideology. +1 I've seen enough in this forum alone to know not everyone's a Blockstream fanboy, and enough in outside sources to know Blockstream fans aren't actually really Bitcoin users themselves. For example, sure, I thought ther satellite service was cool at some point but no Lightning user I know (yeah I don't know many) flocked to Blockstream's iteration. And they know full well too they don't wield the same influence Ethereum's core dev did (do). Only need to look back to 2017 to see what happens when someone or a group of powerful people believe they could convince the community of users to go one way and one way only. It’s a narrative the troll-flat-Earthers of the community want to use to spread disinformation, and post as much of such FUD as they can to convince the newbies. Then what do they do? Sell to the newbies “the real and only true Bitcoin” BSV. Hahaha. |
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The only part of your viewpoint I’m disagreeing with is, the point you said that the peak of the current cycle might take several more quarters to play out. For me, Bitcoin will go through the same cycles, but it will take several such cycles of price discovery to play out.
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Nothing can be said in the defense of Proof of Stake to make it not a Perpetual Motion Machine. All of them require check points, because of possible attack vectors like Nothing at Stake attacks. Those developers are free to experiment, free to say and believe “it’s better than POW”, but a weakness like that should never ever be in Bitcoin.
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Because if their developers don’t use “a blockchain” or what they call “blockchain technology”, how would they issue their own shittokens to “private investors”, and for those investors to “sell” them to the people, scamming them? . And they can be issued and used easily even with a normal DB. Of course, they become suddenly top technology if blockchain buzz word is used  But can “those tokens” that were existing before “blockchain technology”, really a stupid pleb-term, be listed in exchanges then be sold, actually DUMPED, to US the plebs? What exchanges were there before “blockchain technology”? |
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a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers.
Trading of anything including cryptocurrencies have always been subject to taxation. I've even seen up to 30% tax on trading profit. A lot of countries already have such taxes on cryptocurrency trading so it is not a new thing for "others to follow" after Slovenia does it since they are already behind themselves. As for "transfers" you can't tax them at all unless they tax the businesses accepting bitcoin payments for each payment which is a different story. High tax on cryptocurrency to fiat conversions actually encourages what Bitcoiners preach, and makes it the best solution, “the HODL”, and use Bitcoin ONLY if you need censorhip-resistance. Plus Taproot will make Bitcoin more private. https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy |
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First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
Beginners + leverage + limited = Margin Calls/Liquidations. Plus it’s not the only option. You can find a job, save a portion of your salary in Bitcoin. I believe you would have a higher probability of long term success with that than gambing with leverage. Think where you will be 10 years from now if you keep gambling with leverage. Yeah, OP is trying to misguide new traders because theoretically leverage markets might look like an advantage but when getting into market then high volatility might swallow all their capital in matter of one or two sessions. Basically, limited funds cannot be a constrain for considering about leverage market. Leveraged market might suit the traders who are able to accurately predict the market directions in short term. Such traders already might have big capital and still go for availing leverage to maximize their profit levels when trading on multiple assets. It’s years and years of experience, the right psychology, and the most important, THE TALENT which most of us plebs don’t, and will NEVER EVER have. Plebs most of the time don’t have a choice but should do it the proper way. Get a better life through hard work. |
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Here are the pros I could sum up:
First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
Beginners + leverage + limited = Margin Calls/Liquidations. Plus it’s not the only option. You can find a job, save a portion of your salary in Bitcoin. I believe you would have a higher probability of long term success with that than gambing with leverage. Think where you will be 10 years from now if you keep gambling with leverage. |
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It looks to me like a private blockchain. And if it's private, a database may be much better suited.
If I'm wrong and it's not a private blockchain, then what would be the incentives for nodes and miners to store and protect this data?
Also if it's public blockchain, people may try to get access to protected data, from medical data to people's personal info.
And I don't really see the medical and pharmaceutic industries be just nice and share tremendous amounts of information "for the common good".
So while I'd love to be wrong and this project just go on and get to results, I see it as a money hog, using blockchain unnecessarily to just over-complicate things.
Because if their developers don’t use “a blockchain” or what they call “blockchain technology”, how would they issue their own shittokens to “private investors”, and for those investors to “sell” them to the people, scamming them? |
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It’s probably priced in by now, but I said the same about the halving last year and it showed my “plebness”. I believe, after that experience, we should just agree with history. Bitcoin will continue to surge to new all time highs, six digits, like it did during 2013 to four digits, and 2017 to five digits. |
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[edited out]
You’re right, it is “less likely”. I was merely illustrating the possibilities, and it was only an opinion based on the fact that Bitcoin is still indeed as volatile as it was during 2017. But extreme? I believe not. Don't get me wrong.. For sure I consider 30% corrections to be possible in this cycle, just like it happened in the 2017 cycle several times. I was largely commenting about what seems to be our price posture at this particular moment in terms of passing through the zone of the previous ATH.. which seems to make it a bit more difficult to achieve those same levels of correction (such as 30%).. not impossible, but just more difficult. “In any particular moment” anything can happen, I humbly believe “this particular moment” is not a special case.
I understand that this particular prediction game is aiming at early December, and there are even some people who have been postulating that the whole cycle could be over by this calendar year... and sure all of that could be correct - but with bitcoin having a more mature market including some of the BIGGER players around (including additional abilities to down vote the BTC price), it could take several more quarters for the peak for the cycle to play out.. and sure if we go into 1st quarter, 2nd quarter or even as far as the 3rd quarter of 2022, then it would start to have really strong odds of having quite a few 30% draw downs along the way, even while overall going up.
Interesting times for sure, and when we get into those BIGGER levels of corrections - even getting into the 20% arena, there are quite a few who end up getting shaken out, just like you suggested in your earlier post.
Because of macro-economic events, if you’re researching, they might prove us wrong in believing that Bitcoin’s surging bull market continues all thoughout 2022. Maybe it can, but only until first half of 2022. But it’s a test for Bitcoin, the toughest test. |
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You missed the trade? You had an opportunity to buy lower than $50,000, but didn’t buy? Hating yourself? Watch this. Bitcoin will NEVER EVER EVER trade under $50,000 EVER EVER again! Place your bids near the prices under $50,000, thank me later. Your message is coming through, and I still hate the idea of trying to time any kind of maximum dip.. but I have been doing this for a while too... Buying the best-maximum DIP you can “time” has always been the most efficient method to get maximum profit from our limited capital as plebs. We may get it wrong, but I believe it’s better than blindly buying at any price point. Yes.. and that comment highlights our different perspectives regarding the matter.. including that buying the dip is inferior to DCA.. but you can believe whatever fantasies that you like... and perhaps that works for you.. I cannot speak for some people having gambling inclinations... In any event, hopefully you do not lure too many innocent people into such erroneous thinking that causes them to inadequately prepare themselves for UP by gambling too much, being greedy... or into believing that picking pennies up in front of a steam roller is a sufficient and adequate strategy if their is both a goal to accumulate BTC and to be adequately and sufficiently prepared for UP (which includes preparing financially and psychologically).  Buying the DIP, inferior? Debatable. But telling everyone to buy at LOW and DISCOUNTED prices, “erroneous thinking”? WRONG. DCA from a psychological perspective is harder, and make pleb-investors make more mistakes than buying the DIP at discounted prices. |
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OP, if the skit says that the devil invented Bitcoin, then who controls the banks who have always been truly against Bitcoin? Are the bankers the angels who would save society from the “devil’s invention”? What's more devil than a bank?  The real devils of the world want you to perceive them as “angels”, the threats to them as “evil”. I believe you have to question everything you were taught since you were a child. From Science to History to Politics to Religion.
Anyhow, this is still publicity to bitcoin, just imagine that a comedy television show has covered bitcoin again.
If I'm not mistaken, this is not the first time they have talk about bitcoin, they even have ehem, Elon Musk to pitch about his Dogecoin like 6 months ago.
An SNL writer might have gotten liquidated. |
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I believe double your investment is at the very minimum.
Not necessarily. Far too many are preaching/expecting 100k mark getting passed this year. Many are telling that another exponential growth phase is just about to begin. I don't know if they're right (I wish they are), but then x2 should be easy-peasy. Then we agree that double the investment is at the very minimum? I believe the sentiment has simply changed again after the current correction. Another surge for the month of November should make everyone say, “triple the investment is at the very minimum”. |
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Yes this is a false break out. Generally when this happens it bearish. However I don’t want to sell everything just yet in case next week it attempts another run. The biggest bearish case was when we got those large wicks on those exchanges.
Bearish? Near all time highs? It’s simply a complacency phase of the market, ser. We have seen this before, MANY times before in fact.
Who has any thoughts about what is happening on the market now and what to expect in the future?
Now? The DIP before the surge to $70,000. The future? Simply, throw all techno-fundamental analysis out of the window, AND ZOOM OUT. Looking at a zoomed out chart will make understand that dips NOW are for buying. Yeah, why not? another perfect buying opportunity and just hold of the next two months and see how it goes. It could be fall break out, but the effect is for sure term only. It's just 2 months ago when we are trading just above $30,000. So it might be the cause again, x2-x2.5 up to the end of the year. Still possible so take this as another golden opportunity to double your investments at the end of the year. I believe double your investment is at the very minimum. |
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You missed the trade? You had an opportunity to buy lower than $50,000, but didn’t buy? Hating yourself? Watch this. Bitcoin will NEVER EVER EVER trade under $50,000 EVER EVER again! Place your bids near the prices under $50,000, thank me later. Your message is coming through, and I still hate the idea of trying to time any kind of maximum dip.. but I have been doing this for a while too... Buying the best-maximum DIP you can “time” has always been the most efficient method to get maximum profit from our limited capital as plebs. We may get it wrong, but I believe it’s better than blindly buying at any price point. |
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