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3461  Bitcoin / Bitcoin Discussion / Re: The Silk Road Film has been released - shows what happened on this forum 2 catch on: February 19, 2021, 06:00:19 AM
It seems that this is an independent release,rather than a Hollywood blockbuster with 100 million dollar budget and A-list Hollywood stars in the cast.
I guess that nobody outside the crypto industry and the tech world(cyber punks,nerds,etc)would pay attention to this movie.
The "average Joe" doesn't know who Ross Ulbricht actually is and what is Silk Road.
This movie has nothing to do with Bitcoin,so I don't know why OP posted this thread in the Bitcoin discussion forum.
3462  Economy / Speculation / Re: When Bitcoin is going cross $60k? on: February 18, 2021, 12:30:47 PM

Only a week, from February 10-17, we waited for Bitcoin's price to jump from $40k to over $50k.

How long will we wait for Bitcoin's price to reach the new ATH above $60k?

My prediction about a bull trap and a Bitcoin price drop didn't happen,so everything is possible.
The current news about more big institutional investors getting into BTC are creating a new FOMO phase.
The last FOMO phase ended in the beginning of January,when the Biticoin price got a small correction from 35K back to 31K USD.The new FOMO phase might pump the price to 60K pretty fast,if there aren't any legit FUD news about Bitcoin coming soon.
3463  Economy / Trading Discussion / Re: 100 dollar gains? on: February 18, 2021, 12:10:54 PM
Doubling your investment from a small Bitcoin price increase is possible only by leverage/margin trading.
Deposit $100 into a cryptocurrency exchange,which supports margin trading,get a x100 margin,which means that you will have $10000 to buy BTC,so when the BTC price increases with around 1.5%,you will get $150 profit,minus the fees for margin trading and other trading fees,you get $100 profit(this depends on many factors).It is theoretically possible to turn 100 USD into 200 USD out of a 1.5% Bitcoin price increase.
Bear in mind that my example might not be accurate and I don't recommend margin/leverage trading for newbie traders.
3464  Economy / Economics / Re: Citi Can’t Have Its $900 Million Back on: February 18, 2021, 07:03:10 AM
So,at the end of the day,fiat transactions aren't always reversible,are they? Grin
This is what I call "financial bureaucracy". Grin Many people think that the biggest banks would have the best software and the best employees at their disposal,but the reality is that even the biggest banks want to outsource and try to cut their costs,so their clerks aren't the best and their software is "not-so-good"...
Anyway,that was one horrible wall of text to read. Grin
Maybe we should create some memes about this accident.
3465  Bitcoin / Bitcoin Discussion / Re: After Tesla, others began to pay attention to Bitcoin. Is this the future trend on: February 18, 2021, 06:42:45 AM
BlackRock executives: We have begun to get involved in Bitcoin

Global asset management giant BlackRock fixed income chief investment officer Rick Rieder revealed in the SquawkBox financial plan that the company has begun to get involved in Bitcoin.

Now, the big bosses have begun to take action.

"Getting involved in Bitcoin" still doesn't mean buying lots of BTC.
However,this is pretty bullish news.Having the biggest asset management fund in the world to buy some BTC will be a great marketing move.Bitcoin is no longer a scam or a shady project in the eyes of big institutional investors.The hype around BTC is going to grow even more in 2021.
Maybe the Blackrock guys are onto something...Maybe a big financial crisis is coming after the pandemic.
I don't know,this is just a hypothesis.
3466  Bitcoin / Bitcoin Discussion / Re: Will Nigeria Come Late to the Bitcoin Party? on: February 18, 2021, 06:21:17 AM
Nigeria is the one of the crypto leaders in Africa because:
1.It has the biggest population in Africa.
2.It is a little bit more developed than other African countries(excluding South Africa).
Having lots of young people means that a big part of those young people will be interested in IT and technology.That doesn't mean that the country is a leader in some kind of revolution.
Nigerian online scams have become notorious during the last decades.Does that mean that Nigeria is a leader in the "online scam" revolution?
The government/central bank of Nigeria aren't crypto friendly,so I don't think that Nigeria is capable of leading any "crypto revolution" or tech revolution at all.


3467  Bitcoin / Bitcoin Discussion / Re: Rich people causes cryptocurrency ban on: February 17, 2021, 12:39:10 PM
Quote
I seen that cryptocurrency want to be highjacked by rich people, looking around  countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government,

Can you give us a proof,that governments are banning Bitcoin because rich people are buying more BTC?
Can you mention the countries,where governments are attacking Bitcoin,because of rich people buying BTC?
If you can't provide a valid proof,then your statement is pretty bold.
The countries,where the crypto industry is under attack are Nigeria,India and maybe a few other underdeveloped countries in Asia,Africa and Latin America.Those countries aren't attacking crypto because of the rich people buying more cryptocurrencies.They are attacking the crypto industry for two reasons:
1.To avoid export of capitals outside of their jurisdiction.
2.To get more tax revenue(but the end result will be less tax revenue). 
3468  Economy / Scam Accusations / Re: "BTC giveaway" scamming sites get mind boggling BTC inflows... on: February 17, 2021, 12:13:10 PM
Domains like the ones listed above should be blacklisted by all the social media platforms.
Unfortunately Twitter,Facebook and Youtube aren't reacting fast enough to prevent those scams and to save the money of all the innocent victims.
How can people be so naive?If something seems too good to be true,it most likely is...
Ellon Musk might be the wealthiest person in the world,be he would never give away Bitcoins for free.
What's the point for somebody to give you 1BTC,after you send him 0.5BTC?That doesn't make any sense.
3469  Other / Meta / Re: How Come I Can't get along here? on: February 17, 2021, 07:16:02 AM
Why do people still reply to posts made by this guy?
There's a saying on the internet-"Don't feed the trolls."
Internet trolls are posting shit because they want to provoke a reaction from other people.They need attention.
This guy is clearly a troll and all the forum members are feeding him,by reacting to his BS posts and giving him free attention.
Even I made that mistake several times. Grin
3470  Bitcoin / Bitcoin Discussion / Re: Decreasing Bitcoin price volatility on: February 17, 2021, 06:49:42 AM
Institutional investors can't lower the Bitcoin price volatility.Mass adoption across multiple small investors and ordinary people probably can lower the price volatility.
Institutional investors will just buy and HODL in the long term,which will remove some bitcoins out of the market circulation,therefore lowering the supply will increase the price volatility.
On the other hand,mass adoption and using BTC fore more daily purchases will increase the BTC market circulation and probably lower the Bitcoins held by the HODLers.This increased BTC supply will lower the price volatility.
3471  Bitcoin / Bitcoin Discussion / Re: Bitcoin explained by 3 year old baby Lily on: February 17, 2021, 06:22:19 AM
It looks funny. We need videos like this to attract new investors and traders.

Are you kidding me?Do you think that you will attract serious institutional investors and traders,by showing them a 3 year old kid explaining the features of Bitcoin? Grin LMAO
Investors and traders are attracted by the amount of trust Bitcoin has across the growing BTC community and the potential of the blockchain technology.
If I was a complete newbie,I would be more attracted into Bitcoin,if some 60 year old scientist explains it to me,rather than a 3 year old kid. Grin
Anyway,this proves how pointless social media actually is.Posting content just for the sake of getting more views,clicks and likes.
3472  Bitcoin / Bitcoin Discussion / Re: Don't get discouraged! on: February 16, 2021, 12:40:06 PM
Damn,I wish I joined the Bitcoin community back in 2012.
I missed so many opportunities,but I can say that I'm not discouraged.
One Tik Tok crypto investor (I don't remember his name) said "Respect the pump" and "Embrace the pump".
Everything will be alright in the end.We just have to have faith in Bitcoin and respect the pump. Grin

Just had an interesting thought. If we would live in a world where wealth would be equally distributed, each person would own 0.003 btc, so holding even 0.01 btc makes you wealthier than 3 people bundled together. But we don't live in that world so 0.01 BTC could be worth much more if Bitcoin gets adopted as the worldwide standard of value.

We live in a world,where the rich elite is extremely wealthy,because of the money printing machine called Federal Reserve System.Perhaps the crypto community will become extremely wealthy as well,due to the same money printing machine.
Anyways,Bitcoin cannot be adopted by the central banks as a "global standard of value".
We don't need their approval.We just need the central banks to stay away from the crypto world.
3473  Economy / Trading Discussion / Re: Hello 50000$... on: February 16, 2021, 12:14:41 PM
Behold guys as we are approaching another milestone in bitcoin history. 50000$ !!! I mean common man, cheer up if you have some bitcoins, cheer up more if you are planning to buy some.
Bitcoin shows if you are truly built for people, no one can stop you.
Finally we are on the moon entire expanding universe is before us.!!

I don't believe that the Bitcoin price will face enough support at 50K,so staying at this level will be temporary.
I think that there might be a price crash back to 30K,before the price goes up to 50K USD.
The crypto whales might create some panic and force many small and medium traders to sell their BTC.
The ones who resist the panic selling will reap the benefits of a 50K USD Bitcoin price.
If we see corporations like Apple buying more BTC in the next few months,then we might be heading towards 60-70K USD.

3474  Bitcoin / Bitcoin Discussion / Re: Jay-Z and Dorsey Bitcoin? but why on: February 16, 2021, 07:05:15 AM
I saw that Jay-Z and Dorsey are buying Bitcoin, a lot of it, and using it in Africa? I'm not sure what this video is saying. Why are they buying so much?

https://www.youtube.com/watch?v=WFn-sfPSOCk

They are buying so much because they are expecting the Bitcoin price to reach 50K or 100K USD.
I don't know why are they doing to use it in Africa.Maybe giving BTC away to the Africans?
I don't want to watch this YT video.Are you sure that this news is legit?We shouldn't trust information that is published on Youtube.I know that Jack Dorsey is a big Bitcoin supporter and crypto whale,but I'm surprised about Jay-Z buying BTC.It's time for Bitcoin to enter the hip-hop/rap/pop music scene. Grin

3475  Bitcoin / Bitcoin Discussion / Re: Cheap Thrills And BITCOIN Shills? on: February 16, 2021, 06:44:39 AM
I don't watch cryptocurrency related content on Youtube.The only crypto Youtuber I've watched was Francis from "The Crypto lifestyle" and he was mostly promoting methods about how to make money on Paxful.
Later on,he started promoting some altcoins/tokens and I stopped watching his videos,because I'm not that much into altcoins/tokens,ICOs,DeFi,etc.
You are right,most of the crypto Youtubers just want to make some money from Ad revenue or paid sponsorships.There's nothing wrong with that.Just don't take their advise seriously.
3476  Economy / Trading Discussion / Re: Big Dump on: February 15, 2021, 12:26:06 PM
Do you mind telling us what shitcoin have you traded so far?Is this a secret?
Losing money is a big part of learning how to trade.If you are really motivated to become a day trader,then you will have lose even more money.If you can't afford to lose the rest of your trading capital,then just quit day trading,or buy BTC and just HODL.
If you want to continue day trading,maybe you should have a break and try to learn more theoretical stuff about trading.Read books,watch videos,etc.There is more than enough information about trading,that is available for free.
3477  Bitcoin / Bitcoin Discussion / Re: Intrinsic value of Bitcoin and Gold on: February 15, 2021, 12:05:32 PM
The intrinsic value of gold is the mining costs.The intrinsic value of Bitcoin is the same-mining costs.
Gold is being mined in actual mines under the mountains.Bitcoin is being virtually mined by solving complex mathematical tasks.The process is called mining,but in the first case it's real mining,and in the other case is digital "mining". Grin

Quote
Therefore you could say that - if nothing else - the intrinsic value of Bitcoin is that it is a portable alternative to the non-intrinsic value of gold.

This sounds like nonsense to me.Let's just not compare the value of Bitcoin and gold.
Let's compare Bitcoin only to all the other crypto coins and let's compare gold only to the precious metals.
Just like I've said it before.Comparing Bitcoin and gold is like comparing apples and bananas.
3478  Economy / Economics / Re: Confirmed NGN banks blocking account, what could be the outcome on the economy? on: February 15, 2021, 07:27:41 AM
I wonder why countries like Nigeria and India are so anti-crypto?
What will be the benefit of banning all crypto activities in those countries?The crypto businesses located in Nigeria and India will move into other locations and hide their revenue,instead of paying taxes to the Nigerian and Indian governments.
Fighting scammers/criminal is the most popular reason for having strict anti-crypto rules,but it is proven that cryptocurrency bans can't stop crypto scams.
Legalization and liberalization of the crypto industry and all fintech is the way to go.
3479  Bitcoin / Bitcoin Discussion / Re: Bitcoin Supply Visual on: February 15, 2021, 07:13:41 AM
Quote
You can see that nice chunk of coins is kept on exchanges (sadly)  Undecided

The coins kept in crypto exchanges belong to the users,who deposited these coins in the exchanges.
I know that there's a risk of exit scams or hacks,but we will have to wait until the decentralized exchanges become a thing and "be your own bank" becomes a reality in the cryptocurrency world.
Maybe the governments won't allow decetralized exchanges,because of the lack of KYC policies.Who knows?
By the way,I'm waiting for Roger Ver to sell his BTC at 50K USD and crash the price back to 20K USD. Grin
Which means more BTC at an affordable price for us...
3480  Bitcoin / Bitcoin Discussion / Re: Heroes of Bitcoin - A thanks to the many good people. on: February 13, 2021, 12:07:14 PM
Elon Musk? I don't think he qualifies. He has done nothing except buy some bitcoins. Putting "#bitcoin" in his twitter bio doesn't count as evangelizing.
You are right Elon Musk, is not qualify to make the list due to the fact that he did not commit through the development he is an investor not a developer santoshi is the hero of the moment.

Elon Musk isn't a true Bitcoin Core supporter.He just wants to invest some money in BTC and get a profit.
People like Michael Saylor and Jack Dorsey are way more pro-Bitcoin than Musk.
I guess that you put Elon Musk in your list,only because he's the richest person in the world and a very popular entrepreneur.
Roger Ver had some contribution to the early Bitcoin Network,but since the BTC fork and the creation of Bitcoin cash (BCH),he doesn't deserve to be on this list.
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