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Every company or person,that can directly influence the Bitcoin price can be called a market manipulator.
Is this price manipulation illegal?If I have to be honest,I don't know.Some stock prices are manipulated the same way as crypto and nobody gets punished for that.
All the big companies,that bought Bitcoin(Paypal,Grayscale,Microstrategy,Square)will dump BTC immediately, right after the US government tells them to do so(in one way or another). We have to be prepared for that possibility.
The real BTC adoption will come,when the masses adopt Bitcoin,instead of a bunch of corporations and billionaires.
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Elon Musk is a businessman,not a stock trader or a cryptocurrency trader. He doesn't care that much about Tesla stock prices going down or a Bitcoin price crash.He cares about his business. Tesla stocks are overvalued for years and their price going down is a pretty much expected process. I don't know if the current Bitcoin price is overvalued or not,but that doesn't matter in the long term. I guy with a net worth of 200 billion dollars losing 20 billion dollars is like me losing $100-yeah,it sucks,but it's not a big deal.  |
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Energy consumption isn't equal to environment pollution.
Bitcoin miners aren't guilty for the environmental pollution,the coal burning power plants are guilty.
What if the Bitcoin miners are buying electricity from nuclear power plants or hydroelectric power plants?Those power plants aren't polluting the environment.
All the dumb people are just "Big Energy consumption-BAD for mother nature.Low energy consumption-GOOD for mother nature" which is wrong.This is a really dumb narrative.
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I am looking to increase my bitcoin holdings and i am looking at taking a crypto backed loan with one of the leading platforms? i would be fine to take this loan out a few months ago but at this stage of the bull run how risky would it be ,i know a loan can be risky to begin with, but am i just playing with fire or is there a good chance it will pay off? it would be a 15000 dollar loan a 50% ltv for more information, thanks
I don't understand the point of Bitcoin loans. If you have a collateral that can cover such BTC loan,then just why don't you sell the altcoins and buy Bitcoin?You won't have to repay the loan and you won't have to pay interest rates. People borrow money to invest in their businesses or to buy stuff.What's the point of borrowing Bitcoins just for the sake of HODLing them,knowing that you will have to repay those BTC with interest? |
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Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
I think it is good he is out of it.
NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC. However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets. It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD. Can't we just calm down.The crypto markets are getting out of control. |
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Anybody asking the questions "How to use Paypal without electricity?" or "How to use your online banking account without electricity?" NO,but such questions arise only when it comes to Bitcoin.I wonder why... If you want to completely exclude electricity from the equation,then the only option would be to just print paper satoshis and find someone,who will accept them as payment.Good luck. The modern civilization can't exist without electricity.Maybe in the not-so-distant future,the people will produce energy from the solar panels on their roofs,so they won't rely on power plants. |
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Dear crypto friends, I believe that blockchains and cryptocurrencies other than BTC are now ripe to lose liquidity when BTC loses it, especially when the collapse is psychological. (Elon musk in this case)
Can we become promoters of the maturity of altcoins in digital and real life? Btc is an excellent reserve asset and deserves growth for this reason altcoins deserve growth for their projects and their use. I do not accept a loss of liquidity in the altcoins for a psychological dump of btc. How can we solve this problem?
What do you mean by promoting the maturity of altcoins?Are altcoins really mature? No,we can't promote anything and we can't change the way crypto traders are viewing Bitcoin and altcoins. It doesn't matter what you accept or not. What's happening in the crypto markets right now is not a loss of liquidity.It's just panic selling. Altcoins aren't more mature than Bitcoin.They are just an addition to BTC.When Bitcoin drops,altcoins drop as well.Maybe after a few years,some of the legit altcoins like ethereum will lose their correlation to Bitcoin,but this has to be a natural process. |
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linkI find it frustrating that Elon can so quickly jump from supporting Bitcoin to bashing it with poorly researched facts. That man must have some mood swings or something, and I wish he just stopped talking about crypto so the market could return to normal. Elon is the "dogecoin king".He supported Bitcoin for a while,but now,he got bored and will return to his favorite baby-dogecoin.Obviously dogecoin mining doesn't pollute the environment at all and Bitcoin mining should be blamed for everything. Some of us saw this coming,but the majority of the crypto community was blinded by all the FOMO and price growth. Elon Musk isn't that genius or visionary.Many people just overestimate his intellect,just because he is rich. |
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Tesla not accepting BTC payments for their cars is not a big deal,but the cryptocurrency market is always overreacting. Bitcoin doesn't rely on the media to grow.BTC relies on the buyers.Unfortunately,during the last 2 years,Bitcoin relies on a few big buyers,in order to grow,which doesn't seem sustainable,even though the institutional investors are here for the long run.All the small and medium buyers are just waiting for the next Elon Musk move,or the next FOMO phase. It seems to me that Elon Musk is a big hypocrite.Why the hell he invested in Bitcoin,if he is concerned about the environment?Bitcoin mining has nothing to do with the environment.Power plants that burn coal are the real problem. |
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Let us not forget him. Let us not forget the injustice done. Let us not forget, above all, the love of freedom! https://freeross.org/Ross Ulbricht is a criminal.His crimes are proven and well known.Why should we help him? What do you mean by "injustice done"?Do you think that he should have been sentenced for a few years,instead of a double life sentence?Do you think that crimes like "money laundering, computer hacking, conspiracy to traffic fraudulent identity documents, and conspiracy to traffic narcotics by means of the internet" deserve a different verdict?If yes,can you explain your thesis? I don't understand the point of your post and I don't trust the website link,that you have posted. |
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I would never click on this link.I don't trust such websites. What the hell is this domain insights.santiment.net?I guess that this page is a part of santiment.net,which has around 173K views per months,according to Similarweb. Is this another FUD article or what? Anyway,I read the article and the author comes to conclusion that FED will ban all the pension funds and hedge funds from making financial leverage and this is supposed to hit the cryptocurrency markets real hard. OK,but is Bitcoin/crypto adopted by all the pension funds/hedge funds?...Nope. This analysis seems like a typical FUD,combined with a bunch of confusing charts,posted there just for the sake of convincing the noobs that Bitcoin is doomed. |
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I have never seen someone in the cryptocurrency community being excited about CBDCs.
The people,who believe in the current fiat financial system and hate crypto believe that CBDCs are an upgrade of the fiat system,which is kinda true.CBDCs will bring more centralization and less privacy,in order to fight tax evasion and money laundering.This is the main goal.The people won't get any benefit from adopting CBDCs.I don't believe that the CBDC transaction fees will be lower or that CBDcs will be more secure than the current digital fiat money,that you have in your online bank account or Paypal account.
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What if the vaccines don't provide protection for more than 1 year?
I saw some medics saying that the people will have to vaccinate against COVID every year.I don't know if this is true,it's still a mystery for how long the vaccines can provide effective protection.
The UK economy has a big export and the export will grow only if all the other countries get rid of the pandemic and the economic crisis.
There was a trading agreement between the UK and the EU,so I don't think that Brexit will have such a big impact over the future of the UK economy.
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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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