Perhaps a reminder from the mayor of New York City could help ease the fear.
Nah, i don't believe it'll help at all. Since when does the average joe or average crypto user cares about the paycheck of a politician? only thing that could ease the fear right now is green candles and green numbers in the charts, some upward movement, a full stop to this downtrend once and for all I hope I'm clear this isn't about the paycheck of a politician. This is about believing in something of high value whose price happens to rise and fall. Although, of course, we cannot deny that many are finding inspiration, encouragement, and the like from people up there, may they be politicians, CEO, scientists, generals, inventors, and whatnot. "Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."[2] i'm gonna go out on a limb and say that the majority of peole who will follow his advice right now do not know how dangerous it is to catch a falling knife in the cryptomarket, or how long it could take for them to "make good profit", or how you should do your own research before taking someone's advice about finances and cryptocurrencies,, now that's a lot of assumptions mind you, but i've seen similar behaviour in the past (downtrend in the market, newcomers following an authoritative figure's advice cos they wanna make a quick buck, etc), so i think what i said is not too far off the mark... All in all, not the best advice to tell others to buy when prices go down sharply, let alone doing it when the downward pressure is still present The history of Bitcoin is replete with regrets because many allow fear and doubt to get the better of them. In this relatively short history, we've been taught over and over again to buy the dip. Others who will learn their lessons late might buy the dip at $140,000. |
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I agree, at least as far as the current situation is concerned. Of course, it wasn't the case just a few years ago. Generally, though, the impression is that Bitcoin is a way to easily make wealth. Again, it may apply before. Now, it is hard for your money to double even with the corrected price of Bitcoin. You want to get rich with Bitcoin, get rich first.
When I got into Bitcoin, you could save for a few months and buy a few BTC. You'd already be rich today. Now, a full BTC is just even a dream to many.
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Is he going to be hoping the price stays low for the next two months then too  . It doesn't seem too long since we were at $29k levels and there was a lot of bearish panic then. That was also the remark made by Andrew, that perhaps the mayor must be hoping for the price to come down. Well, if I were him, I would hope so. As a matter of fact, I do hope it will come down a little bit more. I'm also paid in Bitcoin, you know.  A bearish panic will always be normal every time the price goes down. But in the bigger picture, we're happy that we are feeling bearish and fearful at $43,000. We used to be having the same feeling at $3,000 and then at $6,000, $9,000, $12,000, and so on. In the near future, we will be feeling bearish and fearful at $96,000, $130,000, $210,000, and so forth. |
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Hey folks, Bitcoin is coming down, hitting a certain price never before seen in probably 90 days. I know that's not really bothersome. We've been in countless similar situations in the past. But we know others are probably troubled when Bitcoin is losing almost 40% from its ATH price. The fear level has risen. As a matter of fact, extreme fear is being recorded for the last couple of days. [1] Perhaps a reminder from the mayor of New York City could help ease the fear. Take note that this is the man who promised to take his first 3 paychecks in Bitcoin as mayor. When asked if he had received his paycheck in Bitcoin already, and was told that the price of Bitcoin has come down, he simply laughed it off saying, "Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."[2]So, there you go, as simple as that; these are buying days, folks! Let's all enjoy the bargain sale!
[1] https://alternative.me/crypto/fear-and-greed-index/[2] https://twitter.com/SquawkCNBC/status/1479069915281870853 |
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It's funny that you in fact did contact Binance to ask for tax-related information. Do you think the person on the other end of the line would know? For all we know, that person is simply working in a BPO company who doesn't have any direct relationship with Binance. And if you indeed made contact with a Binance staff, do you think he/she knows tax-related information of the company? And if he/she knows, do you think he/she will readily provide the details to anybody asking for it?
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It's very basic. It's the fundamental rule in gambling, although not really practiced by so many gamblers in real life. The money that you are going to bet, consider it gone before you even place the bet. So if you are betting with an amount that is supposed to be used for something else, then consider failing to buy that which you are supposed to buy. Lest we forget it, gambling is wasting money more than earning it. So, gamble only any excess.
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Well, the point is that however way you look at those charts, whatever pattern you will create, however way you put those lines on, the price right now is falling down. So, is Bitcoin really bearish? Well, November saw Bitcoin hitting almost $69,000. We are still in the first week of January and the price is just a little more than $43,000. That must be bearish. That's never bullish. But that's the short term. Zoom it out and the chart suggests otherwise. So, we are currently in a bear phase right now. That's obvious. But there's no problem with it because the future is promising. And what do we do when the price is cheap?
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You might want to refer to this particular post made by buwaytress about Nexo. This was posted just a couple of months ago, so the existing terms and conditions of the platform might still be the same until now. S/he tried it himself/herself. By the way, I took this from the last page of the thread that AdolfinWolf suggested. So last year, I wrote that I decided to test NEXO services with USDT. Can't believe it's been 15 months since that experiment. Thought it could be interesting to update a number of things about this service, for those keen to learn or find out more. This is not a recommendation in any way, I'm still highly suspicious of them and you should understand from past discussions that your funds are not as protected as it appears. Updates since the last post in July 2020: 1. Insured amount has gone up from $100M to $350M. However, this represents roughly 1% of all assets under management. In other words, if they lose everything, every customer gets about 1% back as insurance. Extremely unlikely to happen, but hey. 2. They now have real-time audit checks with a US firm so anyone can prove they are over 100% collateralized. Essentially, this just means they have more than 1:1 funds held in their accounts and on user account balances. Note, it doesn't say how much exactly this over-collateralisation is, and what happens if BTC or ETH were to drop 50% (as I suspect they would then be in trouble with those holding fiat balances. 3. Percentages have drastically reduced to roughly half of OP's title. You also get less and less from next month the more you have. - 4% if you own less than 50k - 3% for something like 500k - 1% for anything above 10M (numbers not confirmed and you get increments based on NEXO holdings as a percentage of portfolio as well) You earn more if you choose to receive interest in their tokens. So definitely pushing more people to put in more tokens, and taking away the sting of high interest on huge savings. What's interesting for me, though, isn't that they've: - reduced interest on Bitcoin and ETH for whales to 1%but that they've retained 4% for fiat. And retained 8% for Stablecoins. This doesn't make sense to me at all. It's almost as if they see stablecoins as the... safest bet for them? You might also want to take note that despite the 8% for stable coins retained, it may actually be lower as it is subject to change. Some are saying it is actually 6.5%. I think it might not be worth the risk. While they are claiming it is risk-free, of course, we all know it isn't. |
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Since this has been a suggestion over the years, they might finally consider implementing it now that it has topped all other suggestions.  https://twitter.com/bchesky/status/1478554154385633280I hope this does not include creating their own token, though, which is both toxic and unnecessary. Travala did that. It is acceptable if they use a Bitcoin payment service provider if they wouldn't opt for self hosting. I wonder if Airbnb will allow individual hosts to be paid in bitcoin as well? If they do, that would be sweeter. That might result to more hodlers. I know there are people who are interested to own some Bitcoin but either don't know where to start or don't give much effort to it. |
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But what if you were not disappointed with the bank system? What if the bank didn't take your finances for reasons you didn't understand? I am asking these questions because one of the main reasons why people are still with fiat is that they don't feel troubled with it. They didn't experience any significant inconvenience with it. Do we have to go through a bad experience first before taking a closer look at the alternative?
Anyway, the switch from bank to Bitcoin is understandable in your case, but why leave the job altogether? Bitcoin is not a source of income I suppose, or at least not a stable one.
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The same goes here. When I first heard of Bitcoin or crypto, it appeared more like a scam than a project with huge potentials. When I searched the keywords crypto and Bitcoin in the internet, the word scam was also oftentimes attached. There was simply too much smoke that I thought there must have been some fire. And I myself got scammed. So there was really some doubt at first. But then the more you hear about it and the more effort you exert in knowing what it really is, the more you will understand its real deal. Welcome!
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I have long thought that Turkey is doing good or at least not really into a sort of an economic quicksand. Turkey's Erdogan looked quite promising at the start. And his ascent to power probably even brought with it a significant economic growth to the country. But then he sort of grew into a power-hungry and greedy dictator who loves a one-man rule. I guess it contributed much to Turkey's economic downfall. And then came the pandemic. And that must have served as the final nail in the coffin.
Erdogan is now delusional to tell the people to continue holding on to the Turkish Lira when inflation has already gone through the roof. It's natural for the people to look for alternatives. The problem is that almost all fiat currencies these days are suffering from the same inflation illness. Well, Bitcoin has indeed become an option.
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You're basically speaking of the generic things. You're not speaking of anything new or specific. In which case, it doesn't matter whether it's 2021, 2022, 2023, and so on. You know, the usual capital, ROI, time-frame, diversification, and whatnot. All of these should be considered every step of the way. As for me, I'm not doing a lot, so I don't devote much time on these. Moreover, my Bitcoin hodling doesn't have a timeframe. Neither am I setting a specific price for selling. So things can wait. Most altcoins are shitcoins. Speaking of that, I recently logged on to my Yobit account that I hadn't touched in well over 1.5 years. It's interesting to know you have a YoBit account. What made you log in after a long time? Apologies for the off-topic. |
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Oh, nice! The concept, that's what I mean. It brings back golden memories from the old Shapeshift. Ever since Shapeshift required users to create accounts and even pass KYC, I didn't use it anymore. I know they went back to doing things the old way but I never used it since then.
Anyway, as others have pointed out, you must offer at least the other major altcoins. I know it's going to be very hard to add fiat; it's understandable if you don't. Perhaps USDT will do.
I am also thinking of the conversion rates and the fees. How high or low will it be?
And, by the way, don't you think 35 minutes is way too long?
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Call it hypocrisy or whatever but it seems to me a sly tactic or a veteran move that will somehow assure them that whichever way things go they are benefitting from it one way or another. If there is a battle against fiat and whatever crypto hype there is right now, they better have a stake in both. Although they are heavily staked in USD and may not like crypto, since NFT is already reaching tens of billions of trades, they better get themselves involved in it as well.
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You seem to be asking the wrong question. Trading with x1 leverage versus trading with x50 leverage is all about differences. There's almost no similarity at all. You should've asked what's similar between the two. You're actually comparing between no leverage, which x1 leverage essentially means, and high leverage.
If you trade $5,000 with x1 leverage, you're still trading with your own $5,000, no leverage at all. If you're trading x50 that means your $100 is like $5,000. But since the latter is magnified with x50, it means the potential profit and the potential loss are also magnified. So if you think of leverage trading, don't just think of your potential profit, think also of your potential loss. The higher the leverage, the higher the risk.
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Maybe participants also use bots in the process of working on bounty tasks, you only need to add special tasks that are impossible for bots to do, such as random tasks for each participant.
This is correct. Try to require participants to do tasks which could not be done by bots. But I don't think it is possible for the bounty program to provide a random task to each participant. That would be too hard of a task for the manager. Imagine how many hundreds of participants there will be in a Twitter campaign, for example. So I guess choose the right campaigns and implement the right rules. A signature campaign, for example, could not be abused by bots. In a Twitter campaign, for example, you don't just require to retweet each tweet from your official account. Make every participant make a tweet while retweeting. The same is true with Facebook. And then you will also have blog and video campaigns which are also impossible to be abused by bots. |
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If the current situation calls for it, then make it legal. I mean, if illegal gambling is rampant and law enforcement success against these illegal gambling operations is very low or none at all, the government might as well legalize them. Although there will be another set of challenges for them in doing so, at the very least, they will earn from it. This is all about crafting appropriate policies and properly implementing them. I'm not so sure whether the country can do it well, though.
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In the first place, if one is to make the most out of massive institutional purchases of Bitcoin, they shouldn't even be buying, that is, if they think these purchases would mean rise in price. After all, by the time the news come out, the purchase had already been made. If it has an effect to the price, it must have already been factored in by the time the news came out.
I've seen Saylor's tweet a few times about Microstrategy buying bitcoin in bulk but I don't see any real impact on the bitcoin price. People may already know that it is done by the institution, and it is announced only after they make a purchase. I have never used this kind of hype to buy because I know the power of such hype is temporary. Buying with self-analysis is the way to go even when we don't really care about the buy price if it's for the long term. In addition, the Elon hype also doesn't seem too strong at the moment so one shouldn't think of institution as a good investment moment. Of course, hype is always temporary. You cannot hype a thing forever. So it cannot be made as a basis for long-term investment. The crypto market has abundant proofs of how short-lived hype is. However, these institutional purchases aren't without value. These may not be short-term signals at all but these are signs that the future could be brighter. If the majority of the largest business institutions in the world would begin to purchase Bitcoin, it does not only signal for an increase in the price, it also means a much wider adoption is underway. |
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Despite the year 2021 being challenging, my small economic world was doing good more or less. I live a generally austere life. I don't have much expenses actually. So my finances are quite manageable. I can still afford to continue stacking small amounts of Sats.
Of course, I am also looking for additional sources of income. But I am not in an aggressive pursuit. A passive one will be good. Otherwise, I would rather enjoy a simple yet free and independent life. I love the fact that I am in control of my time. I won't sacrifice it for more money. I guess I have enough for a simple life.
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