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Oh man, I think it's a terrible idea. Of course, the best is to buy the orange coin itself and hodl your private keys. The second best is to buy the orange coin and make some professional custodian hodl your keys. The third best is but some structured product that efficiently tracks the price of bitcoin. Something like GBTC, but better. I don't know exactly where are you from, but something like BTCE (learn more here: ETC Group to launch bitcoin ETP on Deutsche Boerse). The fourth best is GBTC, now trading at a hefty discount on the secondary market. The fifth best is buying something vaguely related to BTC; as MSTR. Where does this chart come from? Adding complexity levels. As @suchmoon suggested. Going down from the simple, direct buy, to the fifth, you are adding layers of unnecessary complexity. All those complexities come at an unnecessary cost, and those costs are positively correlated with risks, in a weird subpar way. MSTR is not an investment vehicle, you are basically trusting Micheal Saylor (who I reckon has been adamant on his bitcoin choices now, but has done questionable things in the past) about his investment plan. But a lot of things can go wrong for MicroStrategy, the firm, and impact your BTC exposure. I think I made similar points on my thread in the past: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’You should have read more carefully! Having said that, hope the best for you and your investment! Or this other “next best” Bitcoin-connected investment, buy and HODL some Coinbase stock. COIN? Its volatility is not highly correlated with the volatility of Bitcoin, and you might collect the rewards of the stock’s surge if the whole market/shitcoins surge. |
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I believe no one is prepared for the insanity of the resurgence of the bull market. It will be more bullish than February. We say “Bitcoin-six-digits” like we truly believe in it, but seeing it in front of us might actually be unbelievable. What is crazy is, it might not actually be “the moon”. Buy the DIP, and?
In other words, 6 digits would hardly be any kind of crazy rise, whether we are measuring from our $30ks correction zone (a bit more than 3x) or measuring from our current prices $48,300-ish (a bit more than 2x). But what I said was, “What is crazy is, Bitcoin at “6 digits” is might not actually be the moon”. 
Yes, people likely currently think that 6 digits looks BIG, just like they thought 4 digits looked BIG in 2015 when we were stuck in the $200s for most of the year, and just like 5 digits also was seeming big in just recent times.
But think of it as how high Bitcoin has reached in current market value. An experimental protocol that started its development in someone’s “basement”. It’s INSANE that the “PONZI SCHEME” lasted this long, and will last for the next generation. |
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He's correct in both statements. Without government greenlighting crypto, it won't get adopted by businesses, so it could only be used in informal p2p economy, which is only a small part of economy. He's also correct that a lot of DeFi is centralized, and if they are centralized, than what makes them different from centralized exchanges? If not much, then regulations could help reduce scams.
Laughable, and stupid to say it like that. Businesses, and companies that need a “green light” to adopt Bitcoin, or “crypto”, should not be in the business of adopting Bitcoin or crypto. You’re allowing the government to censor you from using something permissionless and censorship-resistant? |
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Then sorry, Bitcoin is “only” an open source project that companies can build on top of it. If you can’t find a Bitcoin service/company with the UI, or the “freeze feature” that you like, then continue using your government-insured bank account’s credit/debit card. Well I think that's kind of the point isn't it? There is no such service/company.  That’s not Bitcoin’s fault.
Anyone you hand over your private keys to makes your bitcoin way more insecure than it would be if you just kept control of it yourself.
Insecure like trusting your bank to hold your money for you?
You acted like their are companies out there that you can actually hand over your bitcoin to and it's no big issue.
It is a big issue. That’s why I told you the comparison between Bitcoin and staying with your bank because of the “freeze function” is stupid.
Well maybe it isnt for you but I have standards one of them is it has to be insured by the government why is that so hard to appreciate?
Hahaha. It’s still not insured if the government, or the bank themselves enable their “freeze function” on your account. Not your keys, not your money. And besides, the title of the thread isnt "who can I hand over my bitcoin to so that I can freeze it whenever I wish". If such a company existed, then there is also the chance that they might put a freeze on your bitcoin without your permission as well. Or they might go out of business. Or get hacked. The list is endless. just like the postings on this thread  Then what function would a “freeze feature” be of use, if the key holder is in full control of the coins? |
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OP, you want a “freeze feature” that works as closely like that to your credit/debit card account issued by your bank? Find a Bitcoin service that holds your all your keys for you, that also has developed as nice UI/UX. Bitcoin might not be user-friendly, but it works as intended and has always upheld it’s main value proposition.
that's easy to say but i don't know of any bitcoin service like that. unless my deposits are insured with them by the united states government then i can't really trust it. sorry. Then sorry, Bitcoin is “only” an open source project that companies can build on top of it. If you can’t find a Bitcoin service/company with the UI, or the “freeze feature” that you like, then continue using your government-insured bank account’s credit/debit card. |
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I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users. this is a pretty stupid idea... there is already activity pub for example, why reinvent the wheel? for what? It’s actually not. Whether Zion becomes a success, or a failure, it development can be used as an illustration of what can be built on top of the Lightning Network. But I’m the stupid one, maybe you’re right, or maybe my stupid and the idea’s stupid negates the stupid. - x - = +. Lighning keeps growing, https://twitter.com/BitcoinIsaiah/status/1429983900043038721 |
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I believe no one is prepared for the insanity of the resurgence of the bull market. It will be more bullish than February. We say “Bitcoin-six-digits” like we truly believe in it, but seeing it in front of us might actually be unbelievable. What is crazy is, it might not actually be “the moon”. Buy the DIP, and?
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OP, I don’t see the connection between Visa’s NFT purchase and Bitcoin’s surge back to $50,000. Is there truly a connection? Or is there someone out there merely trying to make a narrative about a connection?
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OP, you want a “freeze feature” that works as closely like that to your credit/debit card account issued by your bank? Find a Bitcoin service that holds your all your keys for you, that also has developed as nice UI/UX. Bitcoin might not be user-friendly, but it works as intended and has always upheld it’s main value proposition.
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I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users. |
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Bad comparison.
Security through obscurity is hiding 'how' something works, and thus not secure in the true definition of the word, since it can usually be reverse engineered.
Security with a private key is security by definition - as long as the private key is complex enough to make a brute force attack pointless.
Yeah but he said "You freeze your funds when you keep your private key hidden, so your bitcoin is already always frozen." That's a bad comparison too because just keeping something "hidden" doesn't mean it's "frozen". If someone finds it, that would automatically "unfreeze" it without needing a 2nd factor. I believe it’s your comparison that’s bad. You merely think in terms of Bitcoin as a “UI” without understanding the protocol running behind it. You may think the freeze feature of your credit card is “amazing tech”, but your bank can freeze your ability to use the system anytime, and without your permission. It’s truly a laughable comparison. |
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It is not surprising that in the same 2020, the authorities of various countries began to work hard to close such marketplaces. The same DisrupTor operation, closing Empire Market, etc. Somewhere I read research on the fact that darknet marketplaces are less likely to use bitcoin as a means of payment. Shower thought, is that good, or bad for the generally normal pleb/person in BitcoinTalk? I’m probably a permabull, but I believe it’s an important area of application for a protocol like Bitcoin as a censorship-resistant cryptocurrency. |
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Communism, Socialism, Capitalism, and other “ISMs” will lose control of the financial system as long as the leaders behind the “ISMs” are INCOMPETENT. I believe one of the next countries to experience a Hyperinflation Event will be that of CapitalISM. The unsustainability of BRRR money printing economics.
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IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.
I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+  A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle. Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result? |
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wait, there was a question? was it important? lol
Would you change your prediction due to the market changes since then? negative. But your prediction is $60,000, obviously you shouldn’t change that prediction. The question might be pointed towards the people who made those bearish predictions going under $30,000. It might also be “mockingly pointed” towards them by El duderino_? |
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what is marxist?
in a simple definition, Marxist is an economic theory that focuses on the struggle between the capitalist and the working class.
The capitalist focused on profit maximization and a capitalist state is more tax oriented and the government generates profits and this system was made popular in the nineteenth century. The government provides services to it, citizens, with the mindset of making profits and not providing social amenities as it responds.
Marxist theory advocate that this class struggle will lead to an economic revolution where the citizens will overthrow the government and take over the economy.
if you Look at Bitcoin closely as a decentralized currency that will overthrow the traditional financial system and take total control of the economy because bitcoin is controlled by the people and not the capitalists whose only interest is how to regulate and tax it, citizens, through the third party centralized institutions.
This draws me to the conclusion that Bitcoin was birthed with a Marxist orientation and the is why the capitalist and other centralized government systems hate it because of the financial freedom it offers.
The CCP banned Bitcoin. . . Hahaha! You are right! We forget quickly! But from OP’s point of view, if Bitcoin truly is Marxist/Maoist, depending on your school of thought both are Communists, then is the CCP’s ban on Bitcoin also another form of censorship on Marxist/Maoist ideals? OP? |
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If we think the particular method we were taught in the early stages during trading will still work for the market over time, we may keep on losing because the market changes with time.
Yeah, this is because traders' behaviors also changes over time. When you are once experienced among market fluctuations and trends then you will able to predict turning points of market very easily and when more people start doing that and trying to catch such points too earlier then market will start showing changes in its fluctuations. So, we need to update our skills and strategies to compete against all other traders. Honestly, do you have a more than 60% accuracy in predicting turning points in the market? Because honestly, I believe many of the posts in this topic, as if they are market wizards, are laughable.
It is kind of who is going to be different than the rest of all others. Those traders who are learning continuously may get chances to catch maximum profits before all others start booking profits and those who are not updating strategies might be waiting more to book profits but market may start falling down more rapidly before they react.
Can you teach us plebs what strategies we should by using? |
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Bitcoin is more Marxist Inclined
OP, the Honey Badger don’t care. Bitcoin is merely a tool/solution developed by Satoshi Nakamoto, which he believed might be useful against a financial system that is controlled, and its rules are decided by an exclusive CABAL. Your opinions are respected, but if you say it’s “the truth”, or it’s “the path”, is debatable. |
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is it even possible to do Defi applications on Bitcoin? "Defi" is just the latest media-hype buzzword. Asking anyone "what does Defi actually mean?" is a good way of discovering what kind of person they are (hint: the more confident and/or specific reply they give, the more full of shit they are  ) It's part of a newsmedia storyline designed to influence how people think about the cryptocurrency marketplace, and so not particularly reflecting reality It’s very laughable that the community that are supporting “DeFi” are saying “Reject Regulations”, are also the same people who are calling for the goverment to stop the U.S. Congress from passing a law that would tax its participants. The Irony of “DeFi”. |
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