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361  Economy / Reputation / Re: Merit abuse and probably account hacking on: March 14, 2024, 11:06:40 AM
~snip~
What I don't get though, if someone goes through all the trouble to get some Merit in his Newbie account, why not make a worthy post first so it's less suspicious? Even better: if they'd make a good enough post, they wouldn't even need to buy the Merit.
Spammers aren't the brightest Tongue


It is obviously easier to buy merit than to write a good post, and if you have more alt accounts, then you should write more good posts, which requires much more time. Besides, even good posts don't always get merits.

Spammers may not be the brightest, but these kinds of accounts are mostly used in bounty campaigns, and the criteria for such campaigns have become so low that some managers don't even look at where the merits come from or whether a member has negative feedback.
362  Other / Off-topic / Re: Is there a place for medical discuss? on: March 13, 2024, 03:19:49 PM
@NurseHub, every forum has a board called Off-topic, so if your medical topics really have to be somewhere, I would suggest that they be there. Of course, such topics also appear in Politics & Society, but I suggest you focus on the topics for which this forum exists.

There is no medical board on this forum but I noticed serious discussion and politics & society boards are mostly used for it. If it is not about society (like covid 19 pandemic) that are worth to be on politics & society, you can post it on serious discussion board.

Newbies can't post there, but obviously you haven't read the rules of that board yet Shocked

You must be at least a Jr Member to post in Serious Discussion, and a Full Member to post in Ivory Tower.
363  Economy / Speculation / Re: Doing my bitcoin investment anonymously while left a friend behind. on: March 13, 2024, 11:57:04 AM
It is hard for me to understand that people have the need to share such things as personal finances with other people who are not even family members. It should still be a personal thing, because other people shouldn't know about such things, not only because we can get them to do the same thing as us, but also for personal safety.

@AVE5, $55 000 or even $60 000 is not much cheaper than the current price, so if both of you didn't intend to buy significant amounts of BTC, you can't really talk about a missed opportunity. If you had talked about it 1-2 years ago and you bought it then, you might feel some guilt, but it actually turned out well for you.

I suggest you let your friend do what he wants with his money, and you do the same with your money without anyone else knowing about it.
364  Bitcoin / Bitcoin Discussion / Re: UK regulators drive demands to BTC due to ETNs on: March 13, 2024, 11:21:40 AM
~snip~
I can see that the Bitcoin market is not going towards what Mr. Satoshi had envisioned. It is slowly becoming corporate money then common people's money.


Bitcoin stopped being what Satoshi had in mind a long time ago, but we can't blame companies, funds or governments for that, but the real blame lies with ordinary people who didn't accept that idea. There was enough time for ordinary people to own most of the Bitcoin in circulation before powerful people and companies started buying them, but even if that happened today, those same people would be very happy to exchange their BTC for good old fiat because the profit is simply irresistible.

There is no doubt that over time millions of BTC will end up in the possession of those who care about nothing but profit, but I also think that it is the responsibility of each of us to prevent them from buying everything. If they want Bitcoin so badly, then we must want it even more.
365  Other / Beginners & Help / Re: Beyond crypto, we are being scammed by scammers. on: March 13, 2024, 11:06:47 AM
~snip~
Later, I tried to contact the company about the matter, but the result was not as expected. I am not sure, yet I fully believe that someone from that company scammed me. Otherwise, who other than them will know my personal confidential information, which I have given to that organization through KYC?


I already wrote to you that you should report the case to the police, especially if you suspect that the fraud came from a company that you believed to be legitimate. It is possible that someone from that company stole your personal data and used it for this scam, or that the whole company was actually just a cover for collecting personal data that they then used for their dirty business.
366  Bitcoin / Bitcoin Discussion / Re: JP Morgan says BTC price could drop after 2024 halving on: March 13, 2024, 10:56:11 AM
~snip~
In addition, always stockpiling USDT is something everyone should do (USDT always accounts for 20-30% of our assets) because when bitcoin corrects, it will be an opportunity for us.


Maybe one day you wake up and realize that this so-called stablecoin is frozen in your wallet, or that the whole scheme collapsed because the authorities finally proved that the tether guys "print" their tokens without being backed by anything. You know what's worse than keeping your savings in fiat? The fact that you keep it in some kind of tokens backed by a private company that can fail at any moment...
367  Economy / Reputation / Re: AI Spam Report Reference Thread on: March 13, 2024, 10:42:37 AM
How about BitcoinTransactionBoost?
He's posting BS on the tech board to promote his (equally BS) website, and gives me a chatbot spammer vibe:
~snip~


GPTZero -> We are highly confident this text was ai generated (92%)
ZeroGPT -> Your Text is Human written
CopyLeaks -> AI content detected
Scribbr -> Chance that your text is generated by AI 100%
Quillbot -> Chance text is AI-generated 100%

I don't know why ZeroGPT doesn't detect AI, but everything else I've tried says the opposite.
368  Other / Meta / Re: *Restarted* Post history review offer on: March 12, 2024, 05:41:25 PM
I know, and I took your words to heart, believe me.  The problem is that there's no way I'm going to be able to unload anywhere near my monthly allocation of sMerits just by meriting posts I come across--plus I think my offer is a good way to help out members who need merits and otherwise might have their posts overlooked.
~snip~


As far as I can see, you are active on the forum, and if you see a really good post, why not reward it with 5 or 10 (maybe even more merits) and that way you can share a lot more than you do through private reviews. There are also people who will never ask anyone to review their posts, and all of them somehow remain out of your reach - and I know there are a lot of good posters who don't get nearly the merits they deserve.

There is no doubt that your intention is good, but you yourself have doubts about the sincerity of those who send you PMs.

Why in the world would anyone keep checking my profile?  Is that a thing for some people?

Every merits source is in some way a person of interest, especially those like you who offer private reviews - because unlike those who do it publicly, it is much easier to hide bad intentions (alt accounts) when no one but you can see it.

I'm not at all surprised that people do everything to get merits, because for a good part of the members, this forum is, as they say, "a place for work", and nothing more than that.
369  Bitcoin / Bitcoin Discussion / Re: JP Morgan says BTC price could drop after 2024 halving on: March 12, 2024, 03:49:52 PM
OP, if you have any faith in what JPM puts out to the public every now and then, it might be wise to sell now and wait for their "prophecy" to come true. I, on the other hand, do not listen to what bankers, crazy politicians and old entrepreneurs say, because otherwise I would invest in gold, stocks and bonds, and not in Bitcoin.

The same JPM published another "spectacular" analysis a few months ago Roll Eyes

J.P. Morgan Thinks the Big Crypto Rally Is Overdone
370  Bitcoin / Bitcoin Discussion / Re: Bitcoin is worth more than Silver on: March 12, 2024, 03:14:36 PM
This is hard to believe, i don't think Bitcoin market cap will ever beat the gold market cap, we are talking about a market that is worth 10 times more than BTC market at its current ATH. And if that happens then Bitcoin would be the most valuable asset in the world, and that sounds just crazy to me.

And to be clear, when i say 10 times more I'm not saying the price would be $727k, I'm saying the market cap should be more than $14T.


No offense, but you sound like a beginner who doesn't understand what Bitcoin is and what potential it has in the digital world. $14 trillion seems like a lot today, but $1 trillion seemed impossible 10 years ago, right?

I do not claim that such a thing will happen 100%, but by the end of this decade we will have almost 99% of all BTC in circulation, which means about 1.4 million BTC more than today and maketcap could very easily reach $5+ trillion which is not half of what gold has today, but it would certainly be a great success.
371  Other / Beginners & Help / Re: Beyond crypto, we are being scammed by scammers. on: March 12, 2024, 11:35:42 AM
@Alana Arden, you are every scammer's dream (unfortunately), because instead of doing one of two possible things - block the number of the person who calls you and claims that you won some money or report the case to the police, you decide to waste your time and ultimately money.

For a successful scam, it is necessary for the scammer to have good tactics, but also for the potential victim to be naive enough to believe the same story. The lesson of the story is that it is not only scammers who should be blamed, but also all those who trust them. It's good to warn others publicly like this, but if you want to do more, warn everyone around you - and why not report the whole case to the police, because it's a bank transaction that can be tracked, and possibly even the money can be returned.
372  Other / Meta / Re: *Restarted* Post history review offer on: March 12, 2024, 11:19:22 AM
~snip~
So anyway, I've noticed that as soon as I do a few reviews I always get at least 2-3 requests within hours of doing them.  Can anybody think of an innocent explanation for that?  It's obvious to me that people are either looking at my merit-giving activity or saw that I just gave one of their alt accounts some merits (and I have no way of knowing).  It's making my paranoia itch.


It could be one of the two things you mentioned, and the third possibility that comes to my mind is that the users to whom you give merits may communicate with each other and thus find out that you have become active again. I don't think you can be sure what it is about, because the "community" we are talking about here does not have very high moral principles when it comes to using alt accounts, plagiarizing or using AI.

I already wrote it, but I still think that the best way to reward a post with merit is the natural one, which means that you read the forum and then reward the post that you think is "good" according to your criteria. For me, it makes more sense to use your monthly supply in a way to reward 10-20 posts you come across by using the forum normally, than to wonder if someone is taking advantage of your kindness - and I'm sure some are doing just that.
373  Bitcoin / Bitcoin Discussion / Re: Bitcoin is worth more than Silver on: March 12, 2024, 10:59:15 AM
~snip~
And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.


I wonder if people will ever stop comparing Bitcoin to something it is not comparable to at all? It is not at all "crazy" that Bitcoin is worth more than silver or that perhaps one day its total value will be greater than gold - because there are silver and gold in undetermined quantities on our planet + who knows how much more on other planets and asteroids.

If something exists in very small quantities, and 21 million BTC is actually a very small quantity, and at the same time there is a great demand, then it is quite logical that it will have a great value. Gold&silver bugs will find it a little harder to accept, because those who listened to just such people in the past may feel a little disappointed today because they believed that investing in precious metals would somehow protect them from inflation.
374  Economy / Speculation / Re: Bitcoin price history, ATHs and bottoms. on: March 11, 2024, 05:46:25 PM
I know Black Rock and Bitcoin Spot ETF success mean a lot for Bitcoin market but things are happening actually unpredictable too. It is too fast if we see after Gold Spot ETFs, it takes many months to start rising in price. Bitcoin is different, better than gold, and moves up faster than gold.

There was a question as to whether investors would show great interest in this way of investing in Bitcoin, and now it is unquestionable that they have firmly bitten the hook and are not letting go. BlackRock as an intermediary obviously instills great confidence in Bitcoin, and the difference between gold and Bitcoin is incomparable - because there is gold in undetermined quantities, and Bitcoin is very limited compared to how huge the market is.

A few years ago, someone compared the number of millionaires with the number of BTC (then there were only 46 million) and concluded that if each of them wanted only 1 BTC, it would not be enough for everyone.

The All time Average Drawdown in bull markets is -15%.

That is interesting information, and it will be even more interesting to see if we will have similar corrections in this bull run.
375  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2024, 05:29:40 PM
Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.

EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source
376  Bitcoin / Electrum / Re: Electrum seed words on Trezor Hardware Wallet on: March 11, 2024, 02:05:46 PM
May I ask what the end-goal is?
~snip~


I just hope that his goal is not to create a seed with Trezor, and then use it for desktop/mobile wallets. Some people usually do this because they want to have the same wallet on their computer and smartphone, which is of course completely wrong and risky. That's why we have cases where people claim that someone hacked their HW, only to find out later that they saved their seed in the cloud/e-mail or that they used it in some other wallets.

Unless there is no other choice, seed generated in a secure environment should not be entered into any desktop/mobile wallet, and especially not into any online wallet.
377  Economy / Speculation / Re: Bitcoin price history, ATHs and bottoms. on: March 11, 2024, 01:47:21 PM
~snip~
In history of Bitcoin, it only makes new all time high after its halving and even several months after a halving. We are witnessing something strange but interesting this year with Bitcoin fourth halving.


It is not surprising that we have such a bull run considering that the SEC finally approved spot ETFs after a year of rejection, and when BlackRock entered the game, it was a sign that things would change. All those who knew how powerful that company was already then had a clear sign that they should start buying BTC, and today we see that they were right.

Even if there is no halving this year, I believe that we would have the same effect on the price, but I also believe that nothing happens without a reason, and that this year was chosen for the perfect combination of favorable events that will result in a significant increase in the price of BTC, and accordingly to that the huge profits that investors and companies will make.

It's unpredictable. Very few people expected / predicted Bitcoin will drop below $20,000 in 2022 and make a new all time high in early 2024.

Who could have known that a scammer named Do Kwon would appear almost at the same time as the incompetent Bankman and that together they would cause damage that was measured over $100 billion? Without those two, my personal opinion is that the price of BTC would have stayed at around $30 000.
378  Bitcoin / Bitcoin Discussion / Re: Maybe someone knows who the address belongs to? on: March 11, 2024, 10:41:24 AM
@zazarb, if I may be curious and ask how it happened that you sent BTC to the wrong address - was it because you typed the address manually or was it due to clipboard malware that changed the address? The latter does not seem like a realistic option to me, because hackers usually do not use deposit addresses on CEXs, but of course there are those who are not very intelligent.
379  Other / Beginners & Help / Re: A mistake you would surely regret on: March 11, 2024, 10:30:25 AM
Today, most people want to become rich overnight, and this especially applies to young people who think that cryptocurrencies are some kind of magic money that falls in the form of airdrops and is shared by some rich people who simply have too much money and don't know what to do with it. What seems to me is that people are becoming less and less intelligent, which is not surprising considering that they left "thinking" to computers a long time ago, and with AI apps this is even more pronounced.

If today, on a social network, you would ask a simple question in the following form:

I give you $10 000 to invest in Bitcoin and in 10 years that investment will be worth $100 000 - or you can choose 10 altcoins to invest that money in, but the risk of losing everything is greater than 80%. I wonder if at least 10% would be smart and choose the first option, although it is certain that the majority would decide to gamble, especially since someone gave them money.
380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2024, 10:18:02 AM
What a great start to the day. Wake up to see a $71,500 ATH.

I have a feeling this week is going to be special. Happy hodling bros.

I have a feeling that this year will be very special Wink

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