So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
Nobody would ever buy BTC,if Bitcoin was a stablecoin.Price volatility makes the market liquidity of Bitcoin. What's the point of buying an asset with a stable price?Would be buy stocks,if their prices were stable? Nobody can say whether or not Bitcoin was intended to be a speculation tool.We have to ask Satoshi Nakamoto,if he is still alive. |
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The big companies are buying bitcoin and manipulating the market. one day they will start to sell all bitcoins and we will have a very big shock. imagine that you think that crypto is your enemy, if you want to destroy it, first you will buy as much as you can, you will make the market goes up, after you will sell all coins and you will destroy the market, take money of small investors and make them hate the crypto.
when i saw a company buy big amount of coin, i afraid.
The Bitcoin price has little to do with the Bitcoin core blockchain.Even if the Bitcoin price drops back to 1K USD,the BTC blockchain will continue to exist and the Bitcoin price might recover. Crashing the Bitcoin price doesn't mean destroying Bitcoin/blockchain. I don't mind,if all the big investors and crypto whales start selling their BTC.A bear market would mean cheaper bitcoins for the small investors. |
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Mike Maloney and Jeff Clark combined have decades of experience professionally trading precious metals like gold and silver. One interesting point here is both being in agreement on silver markets being manipulated by short sellers and ETFs. They seem to indicate that ETFs only hold a fraction of the assets they publicize holding, the way fractional reserve banks do. Which is something I was not aware of.
Some people(mostly BTC FUDsters) have been blaming Tether for the same thing.Fractional reserve banking that is artificially boosting the Bitcoin(and altcoin) prices.I don't know if this is true or not. I wouldn't be surprised if the gold/silver markets are manipulated the same way. Another interesting point is their description of central bank and federal reserve stimulus injections, into markets, potentially having diminishing returns. Which could foretell a long term effect of the gamestonk effect. If indeed market movements as a result of combined investment effort deplete over time, while inflation and stimulus spending ratchet upwards. We all know that the endless money printing and financial injections done by the central banks will have a devastating effect over the global economy.There's nothing new to the table.Some stocks are going to be pumped a lot.Every market is more of less manipulated,and the biggest market manipulators are the central banks. |
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I think that it's time for Uber to lower the amount of refunding scams exploiting their services,by adopting non-refundable cryptocurrency payments.  I found some Uber refund methods on other forums and even some people are reselling Uber rides at affordable prices. Don't get me wrong.I will NEVER use Uber,since I don't even use taxis,but it was really strange to see that people are exploiting their service and getting Uber rides for free. The Uber CEO seems quite "fiat friendly". "We're going to keep our cash safe" is a weird statement. Your cash is never safe enough... |
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I think I will reach this conclusion after several years of activity in the crypto market. God forbid, we have thousands of currencies that are better than doge coin, doge coin has not even updated its code, it belongs to the day it was created, that is, its creator says I sold all the capital, but one day it eats 100% positive, Ilan Mask drinks water, Bitcoin becomes more expensive, Ilan Mask sleeps, Bitcoin becomes more expensive, everything is abnormal, nothing really works for us, and I'm a fan of two fires, but isn't a crypto market really funny? Wow, these friends who have just entered the crypto market, I would like to say that the currencies that go up one hundred percent a day go up one hundred percent. In the market, go for a currency whose one-year changes are more limited, not a currency like x, which has increased seven hundred times. I saw a big loss in this market, so I coveted it. I hope you all benefit.
Every financial market in the world is driven by news,gossips,rumors,famous people going X,etc... What else do you expect?Elon Musk can pump any shitcoin he wants with his tweets.He can even pump Bitcoin.Sad but true.Maybe in the future,when Bitcoin is widely adopted,the BTC price won't react with +/- 10-20% every time a big crypto whale tweets or does something bullish. If you want to join a more serious market,then why don't you start trading gold,oil,silver,platinum or other commodities. |
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Is this fake news?I don't trust Coindesk articles. Anyway,this seems like pseudo-cryptocurrency adoption to me.Paypal did the same pseudo-adoption last year.I'm not an optimist about such news,but hey,the Bitcoin price might go up because of this. The customer will buy goods and services using crypto coins and the seller will get fiat money. I guess that the only winner from this process will be Mastercard,by getting fees for cryptocurrency/fiat conversion. |
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The hype around Tesla and Musk is more or less consumed.The current Bitcoin price is around 45K USD and slowly going down.I thought that the news around Tesla will start a "snowball effect" and more corporations will join the Bitcoin community,but I was wrong.I guess that all the institutional investors are extremely cautious,when making such investment decisions,so the Bitcoin bullish movement will be delayed for a few months.
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There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.
While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?
Bitcoin is way too volatile to be used for Hedging.If people like Musk try to use BTC for hedging,the Federal reserve or the US government might start to FUD or impose a crypto trading ban,that will crash the Bitcoin price by more than 50% almost immediately. Nobody can tell you whether or not Musk is expecting a major economic crisis after the pandemic. I expect the global economy to recover pretty fast,after the pandemic ends.The unemployment rates will go down for sure,but inflation might increase. |
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What's the connection between IMF and World bank policies in Africa and the Nigerian central bank crypto ban?
I don't see such connection.
It's not a secret that IMF and the World bank are full with incompetent clerks,who don't know how to manage the economy of a country.Africa will be better off without the help of such global organizations.
The higher minimum wage in USA will destroy the businesses,that aren't competitive enough.This might be bad for those businesses,but in the end of the day,minimum wages can't be kept low forever.
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Meh,he just changed his Twitter BIO with a Bitcoin hashtag.
That doesn't mean anything.Did he actually bought any Bitcoins?
Is there any proof that he bought BTC?
It's good news that billionaires are getting more into Bitcoin,but I assume that this guy is just slightly interested in Bitcoin.He might buy or he might not buy BTC in the future.
I wish more ordinary people join the Bitcoin army,not just a bunch of billionaires and corporations.
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Why do you want to use gift cards,when you are buying stuff from Amazon using your debit card?
Are you buying those gift cards at a discounted price?
I don't have a Bitpay account,but when I'm browsing their website,I can see that they have a so called Merchant directory,when various sellers can sell stuff.So it seems the Bitpay aren't directly selling stolen gift cards,they are using the services of third parties,which are selling such gift cards.
Anyways,the crypto/gift card market has always been really scam-friendly.Just look at all the gift card buyers and sellers on Paxful.How can they offer 40% discounts on a gift card?Seems too good to be true.
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I suppose the mining pools may look to create some sort of union to tackle those issues, but then the whole concept of decentralization loses sense. The whole concept of decentralization doesn't lose any sense,if the miners join forces for a while to solve some issue.Is growing energy consumption even e problem? I don't see Bitcoin mining energy consumption as a problem.Bitcoin miners aren't obligated by anyone to be "environment friendly". As long as the mining process is profitable,they wouldn't care about energy consumption. Anyways,the topic about BTC energy consumption appears again and again,every time the BTC price goes up. I feel like we are back in 2017.Is there are any point to repeat the same questions and answers again? |
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This article is full of nonsense and BS theories.
1.There's no way that the BTC supply would reach zero.BTC supply isn't equal to BTC mining.
When BTC mining stops,the BTC supply will continue to exist,because supply is the amount of sell orders in the market.You should learn what supply and demand means.
2.The theory of "hyperbitcoinization" is complete BS,because Bitcoin will never be accepted as the one and only global currency.
3.The Bitcoin price will never be stable.Mass BTC adoption might lower the price volatility,but the price will always be more of less unstable.
Bitcoin makes perfect sense,but all the fiat supporters refuse to admit it.
4.BTC mining consumes more energy,but there will be way more ways to produce cheap and environmental friendly electricity in the future.
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You have lost your phone 2 years ago?
Aren't you a little bit late to ask this question?
Anything can happen in 2 years.Maybe your phone was broken.Maybe some guy had found your phone and moved the bitcoins?There is nothing you can do about it,since you don't have your private keys.
I would never use Bitcoin wallets on a smartphone device.Keeping a few thousands dollars worth of BTC in a wallet in your phone seems like a recipe for disaster to me.
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Well that, yesterday they scammed me 0.20 btc in binance
A guy by telegram gave me proof hours before the coin that was going to be pumped, which was VIB, which was the admin of BIG PUMP SIGNAL, and I paid him 0.20 btc for the information, and today he has blocked me.
I only have his Btc wallet number and his telegram nothing else.
can I do something reporting it to the police?
Will binance help me identify that person after I have sent the money?
thanks
From what I read,I come to the conclusion that you are NOT scammed by Binance.You are scammed by a random guy in a Telegram group.Binance has nothing to do with this scam. Paying 0.2 BTC for information?I'm like WTF?!?Who the hell pays 0.2 BTC for some information,that can be false? You can call the police if you want,but I really doubt that they can help you. You could post the scammers BTC address here,so we can put in a blacklist,that contains all BTC wallet addresses used by scammers. |
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PayPal has started selling "crypto" but they don't let you withdraw. Hence, if you think about it, they could easily only literally sell numbers on a screen rather than a math-backed, miner-verified real cryptocurrency.
I was wondering what could happen from an economical point of view if they (or any other corporation) did this and suddenly wanted to manipulate markets using false coins. What could PayPal do to BTC?
The corporations will give the "average Joe" what he wants.He wants profits.He doesn't care about blockchain technology,crypto mining,etc.If he wants numbers on a screen and the illusion of making more money,the big corporations are going to give him this illusion. Selling fake coins is as illegal as selling counterfeit money or fake goods.The authorities will have to step up,when such crime happens. Selling shitcoins/tokens,created by those corporations should be strictly regulated by the SEC. |
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I sold a portion of my Bitcoins at 31K in January.Damn how stupid I was. I sold lots of BTC last year,when the price was around 7K-10K USD.I'm a lousy BTC trader and I didn't trust all those bullish signs and predictions during the entire 2020.I always though that the price will crash or stay stagnant.We have to learn from our mistakes and move on. There's no point of regretting the past.Just do whatever you can to buy or earn as much BTC as you can and then HODL. |
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I don't quite understand your reference. "Opening the Pandora box" usually means something bad is going to happen.Just like in the ancient Greek myth about opening the Pandora box,which releases all the diseases and plagues over the human kind. From what I read in your text,you mean that cryptocurrency adoption by the big companies is like "opening the Pandora box",but in a good way. I though that you are going to FUD over Bitcoin with this "Pandora box" reference... Anyways,I don't mind if Apple joins the Bitcoin community and accepts Bitcoin payments. |
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Yes,all of them are more of less legit.All of them have their pros and cons.
Paxful is kinda legit,but lots of scammers are waiting inside the marketplace.
Localbitcoins is legit.I have used them for about 4 years without any issues.Their fees for depositing BTC have increased,which is bad,but we have to deal with it.
I have never used Kraken,but I know that they have a good reputation.
Binance is probably a little bit better than Kraken.
There's no way to avoid ID verification,when buying BTC.Every legit crypto company has to implement KYC policy.This is required by the law.
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Ellon Musk tweeted that cryptocurrencies are as bs as fiat money,but he doesn't mind accumulating both crypto and fiat.AFAIK,he also tweeted that money(crypto or fiat) are just an informational system,used for resource re-allocation.
Anyway,this is a pretty bullish move and it will have an impact over the crypto markets.I'm not sure how big the impact will be,compared to the Paypal crypto adoption,since Paypal is a financial company,and Tesla has nothing to do with the financial markets.I'm a little bit skeptical about this news actually pumping the BTC price to 50K or more.Maybe Bitcoin price will pump to 40K USD and will have strong resistance to stay above that level for a long time.
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