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3321  Other / Meta / Re: How Would You Make Bitcointalk Better If You Were The Boss ? on: July 15, 2022, 03:22:47 AM
Lol, I mean this forum has no monetary value so why would anyone submit KYC  Angry isn't that against decentralization?

I mean.. (BitcoinGirl.Club joking aside) — to be fair, Bitcointalk was never meant to be decentralized. It's a lot more of the typical single-person owned online business than the Bisq-like decentralized platform.
3322  Economy / Trading Discussion / Re: Can trading be likened to gambling and how so? on: July 14, 2022, 04:41:25 PM
I guess it only applies to futures trading. while those who trade spots I think far from a gamble.
It's irregardless of the type of trading. People can trade futures in a "smart" manner.


the results of gambling bets we never know the results. the term 50 wins: 50 loses. or maybe a draw. whereas in trading, even though we are at a loss, we consciously can not sell it at a loss. so we won't lose anything. because the assets we have still have the same amount. although its value is reduced.
Taking a loss with a trade to prevent further potential losses can be a smart thing to do and is a thing that's commonly used. It's called using a stop-loss, which is a great exchange feature.
3323  Economy / Economics / Re: The fear of Bitcoin monopoly in El Salvador on: July 14, 2022, 04:14:49 PM
El Salvador currently has 1,771 BTC[1]. BTC skyrocketing to $100,000 is going to end them with only $177m (not including the buy cost). That's literally nothing in contrast to how much funds the United States and China has.


[1] https://bitcointreasuries.net/
3324  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Crypto Standard ? on: July 14, 2022, 02:24:05 PM
Shouldn't all crypto be backed by bitcoin ?
How would that work? Literally anyone (that's at least slightly capable) could create their own cryptocurrency.

How could a "Bitcoin Standard" emerge?  For example, if you could pay for food service etc everywhere with bitcoin, would that be enough to essentially drive bitcoin as a backing standard ?
How is bitcoin being adopted mean that all crypto would be backed by bitcoin? You're going to need to expound further.
3325  Economy / Economics / Re: Bitcoin is like a venereal disease-- Charlie Munger on: July 14, 2022, 01:19:29 PM
Although, inspire of his negative impressions of BTC, it has proven to be a hedge against inflation and an alternative payment source that operates without government interference.
Yes to the latter, but the former? Eh.. probably try looking at the current charts.

BTC is currently still a risk asset. It could be an inflation hedge in the future, but definitely not today.
3326  Economy / Trading Discussion / Re: Can trading be likened to gambling and how so? on: July 14, 2022, 12:25:52 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.
3327  Local / Pilipinas / Re: Nag-aacumulate ka ba ng crypto ngayong bear season? on: July 14, 2022, 10:23:53 AM
Answer: yes, though hinay hinay lang ako sa pag deploy ng capital.

Kung oo, pano nyo bina-budget yung pera sa pagbili ng crypto at real-life responsibilities.
1. Wag mabili ng mga walang kwentang bagay
2. Unahin muna bayaran ang importanteng bagay
3. Siguraduhin munang may malaking ipon bago sumugal sa crypto
4. Siguraduhing may steady cashflow na maliit ang chansang mawala
5. Siguraduhing walang utang
3328  Bitcoin / Bitcoin Discussion / Re: James Webb & Bitcoin/ Sending bitcoins to the first alien on: July 14, 2022, 10:01:57 AM
If aliens were to take something from planet earth, it would most likely be natural resources that they want or need, not bitcoin or whatever currency.
3329  Other / Meta / Re: How Would You Make Bitcointalk Better If You Were The Boss ? on: July 14, 2022, 07:13:37 AM
I'll keep it simple: a nightmode option. Yes, we can install plugins to edit the CSS and all that, but I don't like that it somewhat encourages installation of unnecessary browser plugins.


2: Merit Earning: Before anyone can earn merit this day it's seems the person need to be identified with any higher rank that can give merit. Because I have come to discovered people don't longer give merit or either people sell it or greedy with it or does this mean people are no longer interested in reading peoples post?. I urge theymo to look into that

Or that.. maybe.. most people just post a lot of crap in the hopes of earning merit. There's literally no incentive for us to not give out merits because it doesn't help us financially anyway; but giving out merits willy-nilly will just increase spam because of the undeservedly leveled-up accounts joining campaigns.
3330  Economy / Trading Discussion / Re: How can all (or most) cryptocurrencies rise and fall at the same time? on: July 14, 2022, 06:53:21 AM
Mostly because bitcoin (BTC) still acts as sort of the "index" of the cryptocurrency space (just like the SPY with stocks), and that BTC trading pairs have the most trading volume and market liquidity.

Like it or not this is not going to change any time soon. BTC is still the non-stablecoin coin that has the least risk, hence why it's mostly down less compared to other alts when in bear markets.


Because of exchange bot trader. The bot determines if the sentiment of the market and reduce the order that they set in accordance to the sentiment. That’s why most of coins move on the same direction except for those token that has an active trading activities against the trend like when the project has big announcements or exchange listing which gives the sentiment signal to the bot.

Market makers on exchange is made bot and only few of them is from traders.
Sorry but, wtf is this??
3331  Economy / Trading Discussion / Re: Prompt safe staking with good APY on: July 14, 2022, 05:42:26 AM
LPing isn't something where you just leave your money and just wait for the yield. It's going to depend a lot on the coins/tokens you're LPing as well.

Based on your description, what you need is discipline. If you get bored and eventually get greedy, you're going to lose money regardless of what industry you're in. And I'm not even against trading, but if you use leverage and blow up your account, then you have a problem.
3332  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 10 years, 9 years ago - from Theymos reddit AMA on: July 13, 2022, 08:49:06 AM
Bitcoin may be replaced by something better in 10 years, though I think that it's more likely that Bitcoin will survive and be very popular. — BTC-ETH flippening?
Ehh, "replaced" is quite broad. If he meant replaced in the #1 spot, then I really wouldn't bet on it.


The protocol and network will look a lot different. There will have been at least one major hardfork that changes quite a bit of the protocol. — Have you got something on this one (not counting separate chains — BCH, BSV, etc)?
I'm pretty sure he meant that there will be a hard fork on the main BTC chain and that it'd still be the "main" chain. Hard forks from separate chains have been guaranteed to happen.
3333  Other / Beginners & Help / Re: You have not lost a dime if your Bitcoin is in your wallet on: July 13, 2022, 01:22:28 AM
This is assuming that there's an absolute 100% guaranteed chance that bitcoin will go higher again (especially if you bought near the peak). And with markets, there will always be zero guarantees irregardless of what the previous performances are. And I say this as a long-term bitcoin bull.
3334  Other / Meta / Re: differences in online crypto communities on: July 13, 2022, 12:49:57 AM
Maybe I am stupid to learn new things but honestly I get f*cked on Reddit as I don't understand how it works. Initially, I think karma is something like merit but how it is rewarded or decayed/ deducted is what I can't understand. I spent a little time to check how people got Karma and shocked that many Karma earned from funny posts, shit posts then I stopped using Reddit.

Don't overthink the karma thing; it's pretty much just almost like likes on Facebook/Instagram/Twitter as far as I know. there is no incentive to earn karma unless you just want the sweet sweet dopamine hit.
3335  Bitcoin / Bitcoin Discussion / Re: Need to use crypto for my online business. Any suggestions would be great thanks on: July 12, 2022, 03:10:43 PM
If you really want no-KYC, I'm afraid you're stuck with BTCPay — which is BTC only.

# buy my crypto with cash or cash deposit which requires no ID

# which crypto exchanges should I be using, which coins, etc.

the BTC you receive on BTCPay are automatically converted if I remember correctly.


https://btcpayserver.org/
3336  Economy / Speculation / Re: copytrading and futures on: July 12, 2022, 03:02:56 PM
I did copy trading a while ago to see if it was any good, and on sites with leverage at least the answer was a no...

A lot of people that want to be successful in trading and get good stats (it's used in copy trading too) take on a lot of risk with each trade and make some but little rewards.

It's a way to make 20% and then lose everything on average because the person you're "copying" either gets carried away or starts chasing their losses down to 0 - I withdrew all my positions at break even but that's just because I saw a few do well straight away and bailed when they were up quite high (this was almost definitely luck).

Precisely this. Back then in 2021 when everything was going up, high-risk traders on eToro that are up like 1000-2000% per month (for only 2 months lmao) are like celebrities with copy-traders piling into them to hopefully gain the same results. Ended up badly, obviously. You can keep flipping coins with huge bets and winning a few times but we all know that it wouldn't be sustainable.
3337  Bitcoin / Wallet software / Re: Why no bitcoin swap on Trust on: July 12, 2022, 02:24:38 PM
There are some DEX which allow you to swap across different blockchains, and receive BTC not wBTC, such as https://thorswap.finance/

They are expensive, but I believe they can be trusted.

Yea, thorswap is one of the very few outliers, though I really can't recommend it anytime soon. They've had like 3 or 4 exploits all in all; so I'd personally wait till they get decently "stable" for a couple of years lol.
3338  Bitcoin / Bitcoin Discussion / Re: What update bitcoin needs to be the global stable coin? on: July 12, 2022, 02:06:55 PM
You can't force a price of an asset to stay at a certain price; unless it's centralized like a fiat-backed stablecoin. Bitcoin will stay volatile for a good while, and nothing is going to change this besides time. A perfect example would be gold.
3339  Economy / Speculation / Re: copytrading and futures on: July 12, 2022, 11:52:49 AM
Probably not the answer you're looking for, but I personally don't recommend copytrading in general. You either learn to trade for yourself, or you don't altogether.

But to answer your question, the trick to not get liquidated is to simply either:

1. Deposit more money
2. Don't use leverage
3. Git gud (or tell the "trader" you're copying)
3340  Economy / Economics / Re: China crushes mass protest by bank depositors demanding their life savings back on: July 12, 2022, 07:59:58 AM
You know what surprised me? That the people are angry enough to actually have a mass protest. Shouldn't be a no-brainer in general, but let's not forget that this is Communist China; in which I'd personally think twice attempting to protest. Hope these poor people wouldn't be tagged and followed to their homes and those stuff.
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