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361  Bitcoin / Bitcoin Discussion / Re: CZ's view on Halving on: October 14, 2023, 10:28:39 PM
I came across a feed today that shares the view of the Binance CEO on halving and I thought I should share it with you guys as I see it informative and no information is too small.



I can't agree more on this as part of what he states is happening now. The "chatter, news, anxiety, expectations, hype, hope" and speculation are now littering the internet.

Insightfully, this also advises calm and a need not to miss out at the same time for at least a full year.


This isn't necessarily CZ giving his take on the bitcoin halving, this is literally what's been going on in the past halvings that we have. It's true that people wonder why bitcoin's not pumping yet after the halving, this is most apparent in the 2020 halving event when people literally went bonkers cause not only did the anxiety of halving a global pandemic crisis hit them in the face, they are also kind of banking on bitcoin for financial aid during times when the idea is a little off the table.

What I really like about this tho is the fact that the trend is happening yet again. People are becoming more excited and anxious about bitcoin and the halving event. It seems like we're yet again inbound for another repeat of the history (which in this case is good cause it means money for us lol)
362  Bitcoin / Bitcoin Discussion / Re: how many halvings have you witnessed? on: October 13, 2023, 11:30:35 PM
So far I’ve been in all the halving events besides the 2012. I wasn’t able to get into the induatry at least until 2016 when the first halving happened. It was cool and everyone was going bonkers for bitcoin back then as it was the first time that it broke well into the 20k mark. Looking forward to jiving into the next hlaving that’s coming next year and possibly the rest until I die. Bitocin’s just that cool when you wrap your head around it and while I initially had doubts over its longevity, it would seem as though these doubts will fade away with each halving passing by. Anywho, hope to see you when the halving comes bext year my friend.
363  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: October 13, 2023, 11:13:00 PM
Businesses have closed and unemployment has skyrocketed due to Europe's energy issues. But isn't that intriguing? Some places are thriving, others are struggling

It's scary how Russia handles fuel. They govern the universe like a toy. Did you say Ukraine? Giving up sensitive information at such a crucial time? It's odd

The oil import ban and Northern Iraqi unrest are another blow. With its stocks running low, the US is likewise struggling. Internal unrest and a lack of LNG terminals complicate matters in Africa

The evolving situation in Palestine could be the breaking point. If it intervenes, the US might change energy prices unlike ever before. It makes you wonder: Why do resource-rich areas typically have conflict?
The reason is cut and dry, resource-rich countries are target by many a colonizer for their respurces, and when someone tries to take shit from you, you always retaliate asan answer. As for coups and civil wars, the same could be said as well. Everyone’s got their own wars to wage cause all of them think they can govern the country better than the ones seated. When they finally get the opportunity like what happened with the Taliban they suddenly realize that it’s not just approving this and approving that within the government.

Palestine urges every other country on the planet to take its side but no one will since Israel is a formidable military force. Only way we can see an end in this god forsaken war is if someone drops a nuke on the other, and we know which one owns the warheads.
364  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 13, 2023, 10:49:21 PM
This is just comparing apples to oranges at this point. I don't think there's an innate need for people to choose which one's better cause for one, they are both great stores of value, and two, there's no need for you to compare them cause they cater to different audiences. Bitcoin is for those who wants to protect their asset's value while at the same time earn profits at the same time, digital gold is for those who want to just protect their money, are not eager to be inconvenienced with holding gold bars under their floorboards, and are too scared to take the plunge in the bitcoin train. You can't really say for sure which one is better just cause one's more profitable than the other. Sometimes profit is not as essential as the peace of mind that stability would provide. let that sink in.
365  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: October 13, 2023, 10:25:18 PM
I think Hodling is the best way As it the horse of long race and can give desired profit according to your goals on the other hand, Trading is the risky part where you can loose and gain as well Like for that you have to look at market sentiments all the time and Have to jump in the mud like you need to do DYOR sometime you fell prey of FOMO. Due to that you have to take your decisions in hurry or being emotional. You have to Do TA and FA. while in hodl you need not to take that much stress.

I had alot of conversation over hodling in this given thread where alot of seniors share their thoughts and experiences in this thread over it must read..........>>>>Buy the DIP, and HODL!
There's pros and cons to it. Holding bitcoins is inarguably the easiest way you can earn money in the industry. You could literally invest your money today, sleep until the bull run comes, and you're sure to gain profits no matter what. Although the risks that entails this situation is something that investors must also take precaution in.

on the other hand trading has its perks, day trading in particular gives you immediate results in capital gains, holding takes more time to process and when it does it's not always guaranteed to be high, just as proportionate as to how much you're willing to put in. Trading could give you exponential profits but it comes with the heightened risks and propensity for losses.
366  Economy / Exchanges / Re: Possible fraud on: October 13, 2023, 10:04:31 PM
Hello I started to trade with cryptocurrencies recently and I read a lot about possible scams. I heard about KuCoin that is legitimate cryptocurrency exchange, but recently I got a link https://www.kucoine.net/ and I'm not sure whether is genuine or a fraud.

That's not KuCoin's url the original url of KuCoin is https://www.kucoin.com/ and the one which you got is most probably another exchange that no one knows about yet. I won't call it a phishing site since it's UI and design is totally different from KuCoin's UI and design. I recommend you to avoid that site as it can be a trap by scammers to loot your money. I have checked the url and it doesn't have any traffic yet. The website was registered 17-09-2023 and it's just 26 days old. Be careful from such websites.

You can find more information about the domain in this image.

yeah. I was quick to say it's a phishing site until I actually visited it and found that the UI and the site's appearance does not evoke confusion from the original KuCoin site. Seems like this one's more focused on the NFTs and its sale. In any case I would agree with you with the suggestion to not visit or use the site regardless. Shady sites that have no announcement channels here are often commonplaces for scams and defrauding their users, plus you literally don't know how the whole site works so it's much better to stick with what you're accustomed with. In any case, as for OP stick with the proven and tested sites like binance instead of exploring your options. As a newbie you need to first make sure you don't get scammed.
367  Economy / Economics / Re: What US can do with its dept? Genuine question. on: October 12, 2023, 10:30:03 PM
We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:

What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?
I will give the answer based on my experience, our country was on the edge of declaring default, we consider it already defaulted but till now, our government has not declared that openly (publicly). Well, we are on the edge of default because of huge debts taken from all over the world. We took most of the debt from the IMF and the debt that we had taken is now less than the interest rate that is on that principal amount.

Overall, the thing is we saved ourselves from this by taking more loans (hehe) and we used those loans not to enhance productivity and provide more jobs instead we used that money to open more schemes that are totally useless.

Well, leave this discussion and the answer to your queries will be that the US has big icons and legends, companies, big tycoons, etc. The most rich people and companies are there. People of the US are so rich and the US has resources that they have gained access to using their democracy slogan (hehe  Wink ), I doubt if there is any need to worry about this thing, as debt can be dealt in a blink of an eye if they really want to solve it.
Don't they also do stupid stuff like taking out a loan to pay off an existing one? I've seen them do this one too many times and if the IMF presses them for this loan they might do this again. Plus what of the government shutdown? Is that because of the debt ceiling not being increased in due time? What's going to happen to the millions of US citizens that are under the government's payroll? And why of all departments is the congress still able to take their paycheck as if they aren't the ones who are at fault here? What's going in America?

Like seriously concerned about what's going on cause I have a few relatives there, and of course the impending recession and economic crash that they will carry with them once things go south.
368  Economy / Economics / Re: Can stablecoins be able to prevent de-dollarization? on: October 12, 2023, 10:05:01 PM
Isn't it the other way around? Like stablecoins being pegged to the dollar and not the other way around? So when the dollar is devalued, stablecoins like USDT will follow suit.

I guess an argument can be made for other stablecoins that are not backed by the dollar like digital gold or whatnot, but for the most part the narrative implies that we can't use these things to stave off an impending dedollarization. They'd lose their peg when that happens, or they will get shut down by other governments and regulators. PayPal USD is only for them right? Like it doesn't hold any other usage besides being the stablecoin you would use within PayPal's platform. I don't think there's any way for the government to make use of this especially during a massive event like the dollar losing its power and hold of the world economy.
369  Bitcoin / Bitcoin Discussion / Re: What encouraged your continuity in Bitcoin investment and Bitcointalk forum? on: October 12, 2023, 09:47:17 PM
Ironically the reason why I got back in the forum is to further discuss what happened last year. Shitty things happened and I wanted to do stuff on my end where I can discuss about it openly without my friends getting weirded out. Plus it also helps that we have campaigns in the forum where you get paid for speaking your mind out and that's just a massive win-win for me. I'm not gonna sugarcoat it. I've never left bitcoin on the other hand. I still have a couple of holdings in bitcoin but most of my assets are now in other investment ventures like land and cash. I'm thinking of increasing my investments once again though to make room and set up shop for the upcoming bull run, so there's that.
370  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 12, 2023, 09:19:42 PM
Exactly. The DCA method is pretty much your best friend if you're a low-wage earner and you still want to invest in bitcoin. It allows you to have a stake and consistently top that stake up as bitcoin increases in value, which means you can still maximize bitcoin's price potential even when you're at a position where you can't really do so. I would always suggest using DCA to anyone who wanted to invest in bitcoin especially if they've been ready about this the whole time and are just looking for a great investment strategy that would maximize their profit potential.

While there are some exceptions, DCA is the surefire way you have if you really want to make it out of this industry still, it gives you the opportunity to invest in a cryptocurrency that otherwise wouldn't have granted you as much profit anymore.
371  Bitcoin / Bitcoin Discussion / Re: Satoshi's first tweet since 2018? on: October 12, 2023, 08:55:15 PM
I don't think this is Satoshi. There are sources stating the account was actually in the possession of someone from Craig Wright's team, so all this just means is that either Craig Wright is really Satoshi Nakamoto which is highly unlikely, or they are doing this to hype us up for nothing and further drive the notion that Satoshi is Craig Wright. Either way it's stupid and I don't think there's any good reason for Satoshi to even do something like this. First off he made it clear that he will not be part of the internet anymore after he built bitcoin, the 10+ years of radio silence is a massive sign for me. It's also worth noting that even if he does make his appearance in the internet again, he won't do so on sites where we can doubt who he is really, he'll post it here.
372  Bitcoin / Bitcoin Discussion / Re: Someone inscribed the War Logs of Wikileaks into BTC on: October 11, 2023, 11:58:08 PM
I think this is a way for them to usher in a new age of information gathering, wikileaks as it is have been taken down multiple times only to resurface again, so losing it for one last time forever is definitely a massive possibility. Inscribing information into the blockchain to make it immutable, permanent and unalterable is one good move to make sure no organization can take it down even if they wanted to. So while some may think that this is an attack against bitcoin, I see this as a way for them to introduce bitcoin to a new age of information, and possibly even push for Web3.0

Anywho, I might just be spitfalling here but I definitely see this as a bold move for the people in Wikileaks.
373  Economy / Economics / Re: It doesn't increase purchasing power on: October 11, 2023, 11:22:22 PM
Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan
This is idk, borderline stupid?

You think of purchasing power as the capability of an average functioning member of the society to use money and finance himself until he dies, while in economics purchasing power is the real value of the money that you have. Having banks relinquish their requirements for accepting loan applications, as well as having the government forgive all loans and interests are going to do more harm than good. Just imagine how much inflation would skyrocket if the government just printed money for people to use and allowed every loan on everyone's name to be forgiven, might as well ditch currencies by that point and give out goods for free cause it's not going to be of much use anyway.
374  Bitcoin / Bitcoin Discussion / Re: What's the Future of Bitcoin without the Inventor? on: October 11, 2023, 10:35:32 PM
Pretty sure that with how things trended during the 2008 financial crisis in one way or another a derivative or a version of bitcoin will surface on the internet. It was a fucked up time that made us really think about why we're even saving money if it could just be devalued by mistakes that we didn't even commit. Satoshi Nakamoto is a real one for taking the initiative to launch bitcoin himself but as I said, someone with enough tech and coding prowess is pretty much expected to release a bitcoin if Satoshi wasn't able to in the past.

I get that it's a little optimistic, but a lot of reasons made me think that this is the only way things would really go no matter what happened. If the 2008 financial crisis wouldn't have happened, we wouldn't have bitcoin, but we did, so here we are.
375  Economy / Economics / Re: Help me analyze the feasibility of this business idea on: October 11, 2023, 10:15:42 PM
The second option can't be taken without sufficient knowledge in the field of tech. You're going to set up a teaching institute, and I know you're not going to be the only person to teach in that learning center you're building but as its founder, you'd have to set an example and a guide with which your peers would follow you. So minimal knowledge wouldn't cut it. If you want to teach people in tech, you have to get balls-deep into it.

On the other hand, I don't think your issue with the option's THAT massive, if it's time you're worried about I'm pretty sure you'd be able to make time for it, especially if it's something as easy to do and manage as trading and investing in cryptocurrency. No matter how time-consuming your job could be, all you really need to do is fall upon a schedule and be disciplined enough to follow through with it.
376  Bitcoin / Bitcoin Discussion / Re: I recently convinced my employer to start paying me in BTC, it has been great on: October 08, 2023, 11:39:21 PM
As long as it's also not going to be a pain in the ass for your company to do so, which I don't think it is considering that they obliged to your request I'm pretty sure it's all good to go. Also a great start at saving bitcoin for the coming bull run since now you don't need to go through all that mumbo jumbo of processing and transferring/converting into different cryptos and fiats until you get bitcoins. It's all in one go and you literally save time and money in the process so it's all beneficial with little to no drawbacks. Keep it up and I hope your whole company actively offers that to your current employees as well, pretty sure that a lot of these colleagues of yours got bitcoin investments as well that they're trying to grow but they don't know they could actually ask to be paid in bitcoin so they didn't bother.
377  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving and inflation on: October 08, 2023, 11:06:58 PM
The fact of the matter is that you're making this out as if it's bitcoin's problem when it was not.

Bitcoin has its own economy that is not controlled or in any way whatsoever affiliated to the dollar. We saw this firsthand when the whole world's on the shitbox and it's pumping like crazy despite every asset losing value back then. This means that devaluation will only happen if bitcoin's innate value became lesser. Which would happen only if people are to sell all their bitcoins and dump the cryptocurrency king for another. It's the only plausible way I can think of that would satisfy this "bitcoin will become devalued" narrative since there's no real way for you to really devalue something whose economy is shut off from the rest of the world.
378  Bitcoin / Bitcoin Discussion / Re: This is my plan. on: October 08, 2023, 10:20:20 PM
DCA just seems to be the best investment strategy for newbies and people who are just getting themselves into crypto. It's systematic and it instill a habit that you can't help but fall under especially if you've done this on a regular basis already, plus it's not that hard to perform, or even hard to keep up with since you are the one deciding how much and how little you're starting capital must be. So yeah you can't say anything bad about DCA really lol.

What I would like to add tho, is to suggest that you also up your investments soon as you get a better paying job. $300 monthly is good enough but there's a high chance you'd get paid more in the future especially if it's a career you're making something out of. Push for it, and when you get better pay increase your DCA limit too.
379  Economy / Economics / Re: Has everyone become too pesimistic about the economy? on: October 08, 2023, 09:13:13 PM
With all the news of the economy being on the negative side and people feeling the effects of that said economy, I think it's understandable why a lot has become pessimistic, it's not like they can do anything about it individually, it's the government's incompetency and stupid policies that has lead us to this point, unless people start thinking about putting the competent personnels on the critical parts of the government, there's no change and the pessimism will eventually become the norm.
We can't blame the government entirely, because the community also plays a part in why things happen. I'm not here to support the government or blame them, I'm trying to be neutral at the moment.
What if you were in their shoes, would you say the same thing? I don't think so. It's not uncommon for the government to make policies in favor of its people, but the people can't make good use of those policies. There are also positions where government policies are not in favor of the wider community. Instead of blaming each other, it is better to introspect to make a good continuity.
The government is definitely to blame.

Are you going to blame the people for thinking wisely and not spending the stimulus check they got from the government which the government is hoping the people will spend, cause instead of doing moves that will make people smarter about money and the economy, they're throwing useless shit like the fucking trigonometry which, while I must say is something nice to learn, is not something I have used so far in my entire waking life since I learned about it?

It's not the people's fault that the currency is rapidly declining when the government were the ones that are misappropriating the funds, allocating trillions of dollars on defense and military while the rest of the important sectors are dying of thirst and hunger from the lack of funds. It's not the people's fault that they can't trust the government anymore, and are inciting riots after they've been let down and systematically abused by the government who promised to protect them.

So yeah, it's not the people's fault and being neutral here isn't the way to go. You have to understand that none of this shit would've happened if not for poor governance and better use of the taxpayer's money. Instead they use that shit to bail billionaires when they go bankrupt.
380  Economy / Economics / Re: The economics of war. How does this affect us all especially us in crypto? on: October 08, 2023, 08:46:47 PM
If we're going based on pure logic here, then the biggest effect that war could inflict upon the crypto world is nothing else but the cessation of technological progress. When we're at war, not only is manpower allocated and redirected to produce as much destructive force and firepower to put your enemies down, that also includes the R&D, as well as the technological prowess that your country boasts of. New researches being funded for better weapons instead of cancer research. People looking for more ways to efficiently and cheaply kill each other while the economy is going to the shitbox, that's all good examples. Another would be the fact that this could easily mean that crypto would stop being used and updated since everyone's just so busy killing themselves over something trivial.
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