Bitcoin Forum
July 03, 2024, 03:10:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 [178] 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 ... 437 »
3541  Other / Archival / Re: Don't use institutional BTC purchases as a signal of imminent growth on: January 03, 2022, 02:15:40 AM
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.
3542  Bitcoin / Bitcoin Discussion / Re: My Bitcoin mistake In 2020-2021 on: January 03, 2022, 01:21:05 AM
I guess many of us will encounter this experience at some point. Many hodlers have developed steel hands because of what they've gone through, because of Bitcoin proving that it is always increasing in the bigger picture.

I myself have also gone through this. As a matter of fact, after the 2017 bull run, when we had months and months of bear season, I let go of some good amount of Bitcoin. The price fall was extreme and it took so long for the recovery to be seen that the FUD got the better of me. I learned lessons from it.
3543  Economy / Gambling discussion / Re: Top Cryptocurrencies for iGaming 2021 on: January 02, 2022, 02:14:05 AM
I made use of all the mentioned coins in gambling except Tether. I cannot remember an instance when I used USDT in betting. I really started with Bitcoin of course. Altcoins then became an option for reasons that Bitcoin fees are sometimes unbearable and losing Bitcoin seems more painful than losing fiat or altcoins. Dogecoin was particularly attractive before because of the lack of decimals. Everything's whole numbers. LOL!
3544  Other / Beginners & Help / Re: Whats the point hodling, if you can't risk it all? on: January 02, 2022, 01:28:36 AM
Hodl was a word referring to Bitcoin. It wasn't said in reference to Namecoin or Tron or whatever altcoin. So I wouldn't agree with you in saying that "hodling could be just as risky as any other technique to crypto trading or investment strategy." Of course, if you extend hodling to shitcoins, it is risky, very risky. But it's not because of hodling itself but because they're shitcoins. They won't last for long. So why hodl? But if you stick to Bitcoin, hodling is more or less guaranteed to give you profit.
3545  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: January 02, 2022, 12:53:26 AM
Please correct me if I'm wrong but I don't think Satoshi ever mentioned that Bitcoin is also created for governments. As a matter of fact, it is a reaction to how fiat is poorly handled by governments, to how the trust of the people in their governments are somehow wasted. It is in line with this that Bitcoin, a peer-to-peer electronic cash system, is invented so that individuals could transact directly with each other and won't have to go through third parties.
3546  Economy / Economics / Re: COVID has driven Americans to bank $1.6 TRILLION in savings on: January 01, 2022, 03:23:19 AM
I'm not so sure with the US, but I can say that things around here have not yet gone back to normal, or perhaps they won't anymore and what's happening right now is what they call as the new normal.

Saving in cash is not really sound. Perhaps the recommended 3-6 months emergency savings is enough. The rest should be saved in more or less inflation-resistant assets. What those are, it depends.

Anyway, it is interesting to note that despite the economic effect of the pandemic, Americans still manage to hoard a huge amount excess savings, even reaching $1.6 trillion. Down here, the pandemic has exhausted what little savings ordinary people have kept for a long time.
3547  Bitcoin / Bitcoin Discussion / Re: Bitcoin Died 45 Times in 2021! on: January 01, 2022, 02:32:42 AM
And I surmise that if something is declared dead 10, 20, 50, 100, 150, 200, 400 times and remains alive, it must live forever. Cool

If I were one of those haters and critics who declared Bitcoin dead numerous times, I would now be thinking twice if Bitcoin is really going die or not. Perhaps after the 100th death declaration of Bitcoin and it still looks very much alive, I'd rather take my chance and "get some in case it catches on," as Satoshi puts it. You know, if you can't beat them, join them.
3548  Economy / Collectibles / Re: [Raffle] UN Crypto stamps - 3 piece set on: January 01, 2022, 02:08:07 AM
56-59 Darker45

Please and thank you!

Happy new year!
3549  Economy / Collectibles / Re: FREE RAFFLE - 1oz Silver XMR + CS Lichtenstein + CS1 Austria - Happy 2022! on: January 01, 2022, 02:05:18 AM
43- Darker45

Please and thank you!

Happy new year!
3550  Economy / Gambling discussion / Re: Your perspective on a new casino on: January 01, 2022, 01:49:35 AM
I don't think the influx of new casinos is happening on a daily basis. It's not really everyday. But there's definitely one every once in a while. Anyway, I used to be interested in trying out what a new casino is offering, oftentimes excited and expecting something new that the rest don't. But it's not anymore my thing lately. As a matter of fact, I am sticking to only sports betting most of the time. And since the betting site that I've been using has introduced a casino as well way back, I could also spend some quick minutes for some rounds of blackjack.
3551  Economy / Economics / Re: IRS says stolen property and bribes must be reported as income on: December 31, 2021, 04:14:37 AM
Funny! But if we are to be strict about it, what the IRS is doing sounds just right, although they seem to be too religious on their job that they seem to be doing the unnecessary extra mile and obviously look ridiculous as a result. But they're doing their job perfectly. I'd say they deserve an applause for it. Indeed, income comes in many forms and it certainly includes bribes and whatnot. But what I am curious of is whether the people who are involved in such activities would be so honest they would declare even their stolen money or properties?
3552  Economy / Gambling / Re: MISTAKE TIP 3.8 BTC on: December 31, 2021, 03:12:34 AM
If this is true, try to recover your earlier account first. It is a good start. You'll definitely find the username there and probably his/her message, too, that he/she accidentally sent you a huge amount of tip and that he/she badly needs it back.

maybe, you can send to admin.
and admin will send to the main sender.
I'm sure the admin can handle this.

I'm not so sure about this. OP will have to go through support. And if the support cannot even give OP the username of the person who gave OP the tip, support could probably not handle this as well. And that's 3.8BTC we're talking about, roughly $180,000. That's too large an amount to entrust to anybody who claims admin.
3553  Other / Beginners & Help / Re: Introduce someone to Bitcoin, the best gift for this season on: December 31, 2021, 02:31:48 AM
It is probably more effective if along with what you will say, you will also give your friends or loved ones certain Bitcoin-related tokens, perhaps a book on Bitcoin or some Bitcoin-designed apparel or merchandise or why not some physical Bitcoin coins or bills? As a matter of fact, your friends or loved ones would be much more excited if you are giving them physical Bitcoin coins or bills which are loaded with a little amount. They will value it even more. In this way, perhaps their curiosity or interest will be doubled.
3554  Economy / Gambling discussion / Re: What will be the next big industry move? on: December 31, 2021, 02:02:59 AM
I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.
3555  Economy / Collectibles / Re: [FREE RAFFLE] NEW YEARS LOT on: December 30, 2021, 03:44:56 AM
39- Darker45

Please and thank you!

Advance happy new year! Cheesy
3556  Economy / Gambling discussion / Re: What will be the next big industry move? on: December 30, 2021, 03:40:50 AM
I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.
3557  Economy / Gambling discussion / Re: Best gambling site in 2021 on: December 30, 2021, 03:03:04 AM
I cannot be the best person to judge which is the best gambling site in 2021. I cannot make a comparison as I was not exploring many gambling sites. The whole year, I think I stuck mainly to my favorite sports betting site. I guess I tried only a couple of new gambling platforms. I am not using them anymore today. In terms of crypto casinos, I didn't spend much time with any of them either for the entire year.

What I'm sure of, though, is that those sites which still have outstanding unresolved complaints and issues will never be considered for the best gambling site not just within the year but also beyond.
3558  Economy / Economics / Re: Gibraltar moves to become world’s first cryptocurrency hub on: December 30, 2021, 02:38:58 AM
It is even a lot easier for Gibraltar to succeed than El Salvador. In the first place, the country is doing well economically. With a small jurisdiction and only a few tens of thousands of citizens, it could very well manage its commitment to become the world’s first cryptocurrency hub. And the country is not even taking such a huge step as adopting Bitcoin as a legal tender. It is simply showing welcoming arms to cryptocurrency firms and companies. And they are emphasizing that license and regulations are to be put in place. It just sounds weird that certain countries and financial institutions are seemingly overreacting to Gibraltar's move.
3559  Alternate cryptocurrencies / Altcoin Discussion / Re: How to create money out of thin air on: December 30, 2021, 02:02:47 AM
Quite frankly, there's nothing really amazing with this. After all, 99.9% of coins in the entire cryptocurrency market are attempts at making money out of thin air, many of them carbon-copies of earlier projects. Many have succeeded at the expense of innocent newbies, some lazy ones, others greedy investors, get-rich-quick members, and so on.

So if somebody has received such kind of airdrop, it is best to just try to make money out of thin air as well. Dump all of those for Bitcoin. One could get a decent amount of Bitcoin out of it. That is, if there is even a demand for it.
3560  Other / Beginners & Help / Re: My Beginner Bitcoin Questions for 2021 (will be posting more in 2022) on: December 30, 2021, 01:46:09 AM
1) Once all 21million bitcoin have been mined, will transaction fees be enough incentive for miners to continue validating transactions on the blockchain?

Only time can tell, but most likely yes. A hundred years from now, a Satoshi is expected to be worth much much more.

Quote
2) What is the significance of bitcoin being "open source"? Doesn't that mean that the fixed amount of Bitcoin in the original code could be changed? (This speaks to my lack of programming knowledge I guess)

Being open source means Bitcoin is open to the public. The significance of which is that it is owned by nobody and everybody. The fixed amount of Bitcoin is hard-coded in the system. It might take a hard-fork for a change of its supply. If that happens, the fork is not anymore the original Bitcoin.

Quote
3) A major draw to cryptos like Bitcoin is its decentralized nature. But in order to participate in the game, you need an internet connection right? So aren't cryptos unavailable unless you have a centralized power that provides the ability to connect to the internet? (Maybe this speaks to a lack of understanding about how the internet/wifi connections work)

Power is centralized because it has a main switch or a few main switches. But it doesn't speak of how Bitcoin is decentralized. It has nothing to do with it. But, of course, Bitcoin, just like our everyday lives, is highly dependent on power. However, the rise of solar power and other alternative sources of energy give people the opportunity to stay off-grid, produce their own power, and be completely independent from the public power supply.

Quote
4) If a block is limited to approximately 2,400 transactions. Once Bitcoin becomes more widely used and there are millions of transactions taking place everyday, wouldn't that create a backlog of transactions? And couldn't that make the system super slow and inefficient at confirming transactions. (could the code be updated to allow blocks to be confirmed faster than 10 minutes?)

There's the Lightning Network that is providing solution to that.

Quote
5) *kind of a wild conspiracy theory type question* I've heard it said that world powers typically last for about 250 years. As the United States is coming up on its 250 year anniversary, could failure to adapt to cryptocurrencies, overregulation by government that slows progress, etc. be our downfall as the rest of the world speeds ahead into this new world and we are left behind? (sorry if this is a dumb question lol)

The world does not revolve around Bitcoin.
Pages: « 1 ... 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 [178] 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 ... 437 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!