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3721  Bitcoin / Bitcoin Discussion / Re: Bitcoin proved it once again on: December 11, 2020, 06:59:57 AM
Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

This questions again the importance of altcoins in the cryptocurrency markets.Do we really need altcoins?
Is there any altcoin,that doesn't depend on the Bitcoin price (I'm not talking about stablecoins)?
When Bitcoin is bullish,many traders jump on altcoins,because they are expecting higher profit margins from altcoin prices rather than the Bitcoin price.If the Bitcoin price drops,all those altcoin traders start panic selling,instead of HODLing.I guess that they don't have enough trust in altcoins.
This proves again that Bitcoin is mostly for the HODLers,while altcoins are mostly for the day traders. Grin
3722  Bitcoin / Bitcoin Discussion / Re: New institutional player — MassMutual purchases $100M Bitcoin on: December 11, 2020, 06:35:10 AM
Insurance companies are indeed institutional investors,however,this is a relatively small insurance company.
100M USD worth of Bitcoins isn't that much.I've never heard about MassMutual.Perhaps this is a also a good marketing move for this company,because more crypto enthusiasts will be aware about MassMutual and they will use the insurance products and services of this company in the future.
When we talk about institutional investors,I'm thinking about giant banks and hedge funds,that will buy billions USD worth of BTC.Unfortunately,we don't see such big investors joining the crypto world.
3723  Economy / Exchanges / Re: Nice/Easy way to buy Bitcoin for people under 18 on: December 10, 2020, 01:05:14 PM
Hello everyone, I have done this multiple times, buying Bitcoin with Itune Gift cards. There is a platform called https://paxful.com/. I have been member on Paxful for a while and I have done many trades on the site. I just wanted to share my experience. Note: this is not an advertisement. The platform is around 5 years old and the only thing you need to do is create an account select buy bitcoin then select gift cards. There is no scammers and the buying system is very safe. That's it, I just wanted to share this with you guys!

You wanted to share a well known website,which is already pretty popular in the crypto comminity.What's the point?
By the way,people under 18(kids and teenagers) shouldn't be allowed to perform financial transactions.
Paxful is a marketplace full of scammers.I'm not saying that the platform itself is a scam,but there are many scammers there.Many people sell their gift cards for BTC at a ridiculously low price.That's because they have obtained those gift cards via different scams and hacks.
The Trustpilot score of Paxful is 2.6 out of 5,which isn't that much,there are many negative reviews about Paxful on Trustpilot.
3724  Bitcoin / Bitcoin Discussion / Re: Bitcoin used by Criminals to sophisticate their footprints on: December 10, 2020, 12:37:12 PM
Criminals actually can't use Bitcoin to hide or "sophisticate" their footprints.They are using mostly private coins like Monero.The mantra of Bitcoin being used by criminals is going to be busted.Bitcoin isn't even close to fiat/cash,when it comes to money laundering and criminal activities.
I don't understand why are you whining about this?It doesn't matter how legit and trusted Bitcoin is,"haters gonna hate" no matter what happens and there will always be people,who will call Bitcoin a scam.
3725  Economy / Economics / Re: Pandemic will bring more economic progress in long-term... on: December 10, 2020, 07:45:13 AM
I haven't seen any valid proof showing that remote working is more productive.
It most cases,remote working actually isn't more productive and most companies will return to office working after the pandemic ends."Eliminating paperwork" has been already done years ago,by most of the big companies. Grin
Anyways,the process you are describing happens during every economical crisis.Companies optimize their resources,staff and costs and become more efficient for a while,but after the crisis ends,they start to grow and hire more people,therefore losing a part of that increased efficiency.
3726  Bitcoin / Bitcoin Discussion / Re: Back then and Now Non-believer to Believer on: December 09, 2020, 12:40:12 PM
I was so much curious about bitcoin some years back and end up scammed up my hard earned money which make me fearful and negative towards cryptocurrencies.
But slowly i have learned a lot of things, experienced more and i'm changed and now things have changed. Now i am a hodler and very positive for the future and will always be consistent in it.BTC

I think that being scammed by a scammer has nothing to do with your trust and belief in Bitcoin.
It's just like when you are scammed by a fiat money scammer and after that you say "I don't believe in my national currency anymore!" Grin Sounds ridiculous,right.
I was scammed with 100 USD worth of Bitcoins back in May 2020,but I didn't lose my trust in Bitcoin,just because some scammer stole my Bitcoins. Grin
3727  Bitcoin / Bitcoin Discussion / Re: Why Investors Get BTC So Wrong, and What it Says About its strenghts on: December 09, 2020, 12:19:03 PM
This is plain stupid.Hardforking Bitcoin doesn't mean creating new Bitcoins. Grin
Hardforking creates new versions of the Bitcoin Core Blockchain,which are working in a different way and have different features.
Hardforking creates altcoins,which have the name "Bitcoin" but they aren't actual Bitcoins.
Too sad that the name "Bitcoin" isn't legally connected to Bitcoin Core only.Unfortunately,this can't be done.
It's like a Chinese factory creating fake iPhone smartphones and claiming that those are original iPhone smartphones.
3728  Economy / Speculation / Re: BTC hovering at 19K, but there are 4 reasons for a further pullback on: December 09, 2020, 12:02:10 PM
https://cointelegraph.com/news/bitcoin-price-short-term-pullback-is-very-possible-for-4-key-reasons

1.The $19,500–$20,000 resistance area is a major roadblock
2. Miners are selling Bitcoin
3. “OG” investors are not buying
4. The stock market is declining

Thoughts?

Miners don't matter that much about the Bitcoin price.HODLers moving old BTC from their cold storage and selling at 18-19K USD is a way more significant factor for the market price.
What do you mean by "OG investors"?Can you mention a few OG investors?
I think that it's normal for the institutional investors to be cautious and to refuse to buy at new Bitcoin ATH,because a bearish market might follow and they might have to wait for years to recover their losses adn get a good profit.Institutional investors will start buying BTC on a large scale only when the governments become 100% pro-Bitcoin.
The stock market is in a pretty good share actually,mostly due to the financial injections made by the Federal reserve.Maybe this condition is misleading and the financial markets won't survive without the "financial steroids" by the central banks.
3729  Economy / Gambling discussion / Re: The biggest 10 countries that gamble the most. on: December 09, 2020, 07:37:28 AM
Such charts aren't very accurate,in my opinion.
1.Hong Kong is not a country.Change my mind. Grin
2.The gambling industry in many countries is deeply connected with the tourism industry.Many gamblers in Macao or Las Vegas,for example,can be foreign tourists and not citizens of those countries.
I'm not surprised that China and USA are at the top of the list.After all those countries have a history in gambling and a huge middle class,that is able to spend lot of money on gambling. 
3730  Economy / Speculation / Re: Bitcoin's future on: December 08, 2020, 12:12:39 PM
Bitcoin will either have more surprises for us wherein might reach unexpected figure which we might have only seen in predictive posts which we consider impossible ad of now, or else Bitcoin will go through one kore bearish market without further growth as only market situation will decide that.

I have come to s conclusion that the market cannot go on at current pace as Bitcoin and crypto are volatile here would be much more to witness once Bitcoin breaks $20k or else drop down below the resistance figure of $16k.

What's your opinions?

Your post title is a bit misleading.I though that you are going to write about the future of Bitcoin,not about the price.
The future of Bitcoin/blockchain actually has little to do with the future Bitcoin prices.
I'm not a member of the optimistic team,so I think that we will face a bearish market in the first Quarter of 2021.
With the creation of a vaccine,everybody is so hyped up about the coming end of the corona pandemic and the recession.We have to be aware that the end of the recession might lead to more investors actually leaving the crypto markets instead of joining.

3731  Alternate cryptocurrencies / Altcoin Discussion / Re: Beware!! Libra is not Bitcoin!! Here is the difference between Libra and Bitcoin on: December 08, 2020, 11:45:24 AM
Nobody is saying that Libra IS Bitcoin.Who told you that Libra has anything to do with Bitcoin?
You are trying to argue about a topic that isn't relevant.
I don't know why we keep discussing Libra/Diem on the forum?This project is going nowhere and Facebook knows that.Maybe that's why they rebranded Libra as Diem.Changing the name doesn't mean changing the core concepts of this centralized so called "cryptocurrency".
If Facebook was such a crypto friendly and proactive company,they would just adopt BTC or ETH payments,instead of creating their own pseudo coin.
3732  Economy / Economics / Re: My opinion on Inflation w/c affects greatly on fiat currency and how to beat it! on: December 08, 2020, 07:37:13 AM
This is just common sense.Everybody with basic knowledge about economy and finance knows what inflation is and how to protect his savings from it.
You are kinda wrong about inflation being affected by the infrastructure which countries have.
Inflation is basically the money quantity increasing with a bigger speed over the quantity of good and services being produced and sold.Governments and central banks can easily stop inflation,but they don't want to,because inflation actually increases tax revenue.
Investing in real estate and gold are well known ways to protect your capital.Bitcoin isn't in that list due to it's price volatility.
3733  Bitcoin / Bitcoin Discussion / Re: Michael Saylor is not Bitcoin's hero on: December 08, 2020, 06:50:16 AM
Quote
“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

I asked Saylor if this was a marketing problem.

"It’s a matter of emphasis. The industry would benefit if we didn’t call Bitcoin a cryptocurrency, but a crypto asset."

1.99% of the people,who own cryptocurrencies aren't anarchists.His point isn't valid.

2.It doesn't matter how we call Bitcoin.BTC is both a cryptocurrency and a crypto asset,so the way we call it doesn't change the nature of Bitcoin in any way.I don't give a damn about the opinions of the Treasury and the Federal Reserve.

I don't like the views of this guy about crypto.As if he is trying to say "Look,I'm OK with pumping the Bitcoin price,but let's not make the big boys angry." By the "big boys" I mean the Federal Reserve,the government and the big payment gateway companies.
3734  Economy / Trading Discussion / Re: 🆕🆕 Educational Post For New Investor 🆕🆕 on: December 07, 2020, 12:32:11 PM
A good trader isn't always thinking long term and a bad trader isn't always thinking short term.
There are many successful day traders(scalpers).
What do you mean by "overactive" and "little active"?A good trader has to be always active,when it comes to analyzing the markets,not necessarily trading.
Trading on the financial markets(FOREX and crypto) isn't "simple and easy".Oversimplification can be a mistake.
There rest of your list is kinda right,but I don't get whole point of posting such list.There were many lists about trading posted before yours and most of them are accurate.

3735  Bitcoin / Bitcoin Discussion / Re: Who has held bitcoin for more than 5 years? on: December 07, 2020, 12:17:31 PM
Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!


I've never held Bitcoin for more than 5 months and I can't imagine hodling Bitcoin for 5 years.
I can't share all the information about how many times I sold my BTC,because I don't think that this is useful for anyone and I actually don't remember lots of transactions,that I've made in the past 5 years.
Why are you asking this question?Do you plan to hodl Bitcoins for 5 years?I wouldn't advise you to do so.
Anything can happen in 5 years and I'm not an optimist about the future of human civilization. Sad

3736  Economy / Economics / Re: Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours on: December 07, 2020, 11:49:45 AM
So we,as Bitcoin supporters have to rely on a few big companies and trust funds like Grayscale to pump the Bitcoin price by increasing the overall demand for BTC? Sad
Is this supposed to be a positive sign?What if funds like Grayscale start selling BTC?The price will probably go back to 6K USD in no time.I know that Grayscale is buying BTC mostly for long term HODLing,but we can't predict how this company will react to the BTC market and what will happen,if Garayscale has new shareholders,who aren't Bitcoin maximalists.
I'm still waiting for mass Bitcoin adoption and the creation of a BTC market,that would be almost free(100% freedom is impossible)of the influence that institutional investors and crypto whales have over the price.
3737  Bitcoin / Bitcoin Discussion / Re: Buy virtual card with bitcoin on: December 07, 2020, 07:19:22 AM
Quote
where I can use my bitcoin in Visa or Mastercard version without verify with documents.

There's no way to use your Bitcoin "in Visa or Mastercard".I don't know exactly what you are trying to say...
Nowadays,there's no way to buy Bitcoin with fiat money without ID verification.
I remember a website called mmoga.com,where you could by Bitcoin gift cards with fiat payment methods,but but the fees were high I don't think that this is possible without KYC verification anymore.
Unfortunately,"Know your customer" policies are the biggest obstacle for mass Bitcoin adoption.
3738  Bitcoin / Bitcoin Discussion / Re: **family survives 40 countries living only on Bitcoins** on: December 07, 2020, 06:58:06 AM
Can somebody tell me why the capital of Slovenia is the most Bitcoin friendly city in Europe?There must be a reason behind that.
I though that Malta and the Baltic countries(mostly Estonia) are the most crypto friendly countries in Europe.
This is a cool story,however I hate traveling and I hate spending Bitcoins,so I will never follow the example of this Bitcoin pioneer. Grin
BTC is getting more mainstream so more small businesses will begin to accept BTC payments in addition to fiat.I really hope that this trend will survive,even after the BTC price crashes and a bear market begins.
3739  Bitcoin / Press / Re: [2020-12-02} Most PayPal customers are willing to pay with Bitcoin on: December 04, 2020, 12:25:36 PM
Most PayPal customers might be willing to pay with Bitcoin,but the real question is whether or not PayPal,as a corporation is willing to REALLY accept cryptocurrency payments?
Allowing your customers to buy cryptocurrencies,which can't be moved outside of their PayPal accounts doesn't seem like a real crypto adoption to me.
All the hype about PayPal getting more crypto friendly seems to fade away slowly,because PayPal is not a predictable and trustworthy corporation.
3740  Bitcoin / Bitcoin Discussion / Re: 1% of Bitcoin dormant supply moved from long-term storage in November on: December 04, 2020, 12:06:35 PM
It looks like we may see some big movements since 185 600 bitcoins ($3.6B) were transfered on blockchain from the addresses that hadn't been touched for 12 months. In my opinion it's a positive sign because there are a lot of positive news for Bitcoin with many big wallets entering the market, it could be them too who moved bitcoins from long-term storage. What do you think?
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally


The Bitcoins inside the wallet haven't been touched for 12 months,but some new crypto whale,who is entering the market would move them?You are contradicting to yourself.
The coins probably belong to some old and experienced crypto whale or a cryptocurrency exchange platform.
I'm pretty sure that more long term HODLers will try to sell their BTC,if the bullish market continues.
This isn't always a bad sign,if the demand for Bitcoins remains strong,the BTC price might not face a correction.

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