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3761  Economy / Economics / Re: Splitting the Baby, and other Operations of Fate: the Fate and Economics Thread on: December 04, 2020, 07:45:56 AM
I don't understand what exactly are you trying to say with your post?
I wouldn't compare the crypto market with some Biblical tails about King Solomon.
The crypto market is a free market.Every programmer,who is good enough at coding can create it's own altcoin.This is both good and bad,but competition and diversity are an important aspect of every market economy.
When you start a new project,you have to believe that the project will be successful and you have to convince other people in your ideas and your "faith".
Perhaps other people might view your new project as some sort of "fate",but I don't think that fate or destiny have anything to do with the world of business and technology.
3762  Bitcoin / Bitcoin Discussion / Re: Different opinions about bitcoin on: December 04, 2020, 07:21:43 AM
Quote
Some say that the country should grow by investing in attractions such as the stock market (growth here can not be solved with money with its first education and learning)

Do you mean that governments have to buy stocks in order to pump the stock markets?
This is a ridiculous idea. Grin
By the way,the fans of John Maynard Keynes(and most of the leftist economists and politicians) really think that growth CAN be solved with money.This theory has been proven wrong several times in the last 50 years.
Anyway,Bitcoin is gambling,if you don't know what to do after you buy some BTC.If you have a clear strategy,then investing in BTC cannot be called gambling.
3763  Bitcoin / Bitcoin Discussion / Re: Chances of BTC surpassing the value of Fiat Money on: December 04, 2020, 07:00:57 AM
Sorry if the topic sounds logically flawed I didn't dig much deeper into the financial fantasies of such.

I'm wondering what if one day Bitcoin goes so high up in value that it causes somewhat a fiat crisis? I mean imagine, you've Bitcoins but there isn't much cash available in the market to buy your BTC, or simply put people can't afford it? Will bitcoin be of any value then?

Such case scenario simply isn't possible.There's always enough fiat in the financial markets.Actually there's an abundance of cash.That's why cash is losing value(inflation) and that's why cash will become worthless some day in the future.
Bitcoin can be divided into millions of satoshi and doubt that people can't afford to buy even one satoshi. Grin
I'm not a Bitcoin maximalist and I don't believe that Bitcoin will ever reach some astronomical(to the moon) price of,let's say,a few million dollars per BTC.This won't happen due to the nature of Bitcoin and all the HODLers,who will decide to sell their BTC at some point,therefore creating selling pressure.
3764  Economy / Games and rounds / Re: [Vote 2020] Best Bitcointalk Interview on: December 03, 2020, 12:33:23 PM
My vote goes to:

Code:
CryptopreneurBrainboss
3765  Economy / Speculation / Re: Give me your predictions for the next long term peak, and why. on: December 03, 2020, 12:25:02 PM
I would never predict the Bitcoin price based on "peak multipliers" and how much the last price peak was above the last Bitcoin price around the last BTC halving.This doesn't seems like a legit analysis to me.
I think that the Bitcoin price will move in the 10K-25K USD price window during 2021-2022.
The corona recession is still here and the pandemic will not be over before the end of 2021.
Most of the investors are still very cautious and they will continue to be cautious and keep avoiding risky assets in the next 2 years.




3766  Bitcoin / Bitcoin Discussion / Re: Bitcoin "global asset" prediction from Black Rock on: December 03, 2020, 12:09:39 PM
I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.

https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset

Bitcoin is already a global asset,it was a global asset right from the beginning,there's no need to evolve into such asset.Bitcoin was never a national/local asset. Grin
Can you mention a few "big guys from Wall Street",who are currently getting involved in Bitcoin?
I don't know about any Wall Street "big sharks" buying BTC right now.Maybe they are keeping their buying process confidential.
3767  Economy / Speculation / Re: Above $20,500, BTC will give $4k+ move. Here is why on: December 03, 2020, 07:13:54 AM
Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing.

Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.

Good ways to trade:

  • Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
    Another good way is to move to alts which still have 2x upside left.

Bring on your thoughts. Let's discuss, debate and predict together

That's a great advise on how to lose money. Grin
I'm not very good at math,but how exactly can we sell at 19.7K,then buy at 21K and make a 4K profit?
The best move is to just HODL...
Why do you think that the altcoins will go 2x?If the altcoins are going 2x,while Bitcoin price is increasing with 10% only ,wouldn't all the investors just leave BTC and jump on the altcoins?
How the hell can you "guarantee" that the price will go up by 3K-5K USD?Do you have some secret insider information?Are you the God of crypto trading or something? Grin
3768  Economy / Economics / Re: Why Bitcoin is a Massively Underrated Opportunity in Today’s Macroeconomy on: December 03, 2020, 06:55:45 AM
My browser crashed,while trying to load this gigantic wall of text and graphics.
After 10 mins of trying to load,I finally managed to read your article and you have some good points here and there.
Are you so desperate to make money with Medium?Are you enrolled in the Medium partner program?
Anyways,if you are trying to convince people to invest in Bitcoin with this article,then I can say that you will have a hard time.
If I was a Bitcoin noob,I would be bored to death,while reading this wall of text and charts. Grin
By the way,where are you from?You have a Slavic name,so I assume that you are from Eastern Europe.
3769  Bitcoin / Bitcoin Discussion / Re: Your Life After 10 years in Bitcoin... on: December 03, 2020, 06:29:44 AM
The only change in my life after 10 years is actually Bitcoin.This is both good and bad...
I was aware about Bitcoin back in 2013,but I joined Bitcointalk at the end of 2015.
My life changed back in 2016 and afterwards,when I became an active member of the crypto community.
Bitcoin is keeping me above the surface.Without Bitcoin,I might have been flat broke,starving and homeless.
I'm not rich,but earning Bitcoins helps me pay the bills and provide for my family.
I missed a lot of opportunities to sell my BTC at a high price and make more money,but that's my fault.
3770  Economy / Economics / Re: Is Bangladesh going to accept Cryptocurrency??? on: December 02, 2020, 12:41:11 PM
Will Bangladesh benefit from accepting cryptocurrencies?
Maybe a small part of the economy and a few thousand people will benefit from such move,by getting crypto jobs and building crypto businesses.
Will the global crypto industry benefit from Bangladesh joining the group of crypto friendly countries?
Well,I don't think that there will be noticeable impact over the global crypto industry,if Bangladesh accepts crypto payments.The economy of Bangladesh is still very small and underdeveloped.
Maybe in the future,Bangladesh will turn into an economical "tiger" and become "the new China" in Asia.
3771  Bitcoin / Bitcoin Discussion / Re: I regret to scrutinize bitcoin! on: December 02, 2020, 12:13:24 PM
So now you are a fan of Bitcoin because Bitcoin is in a bull market,or because PayPal "accepts" crypto. Grin
Let me guess,if the Bitcoin price begins to fall,you will leave Bitcoin or you will start again with the FUD. Grin
This is what opportunists do.
If you are a true Bitcoin believer,then kudos to you.We need more true believers in our community.
By "true believer" I don't mean a fanatical "to the moon" guy,but a person,who truly understands all pros and cons of Bitcoin and blockchain technology and realizes the importance of Bitcoin/blockchain in the future of the financial markets and the economy.
3772  Economy / Economics / Re: Is Peter helping bitcoin pump? on: December 02, 2020, 07:31:01 AM
No,nobody cares about Peter Schiff,so I don't think that he helps for the Bitcoin price pump.
By the way,I can agree with some of his views(even thought it's FUD) about the current Bitcoin growth.
Bitcoin right now is attractive mostly for the gamblers and risk takers.This can't be a healthy and sustainable growth.I also agree that the crypto whales will crash the market again and take the profits.The question is when it will happen?
He's also right about CNBC and the current low level of financial journalism.I just don't trust the mainstream media anymore.
3773  Bitcoin / Bitcoin Discussion / Re: This source reports that Chinese govt has sold bitcoins from Plustoken scam on: December 02, 2020, 07:14:35 AM
it is funny how any news that has China in it gets exaggerated A LOT and eventually turns into FUD. there are a lot of bitcoins being confiscated from a lot of scammers all around the world at all times. US government keeps confiscating and selling these coins every now and then through their auctions but you'll never hear this 1% nonsense or anyone calling it "dump on the market"!
even funnier thing is that nobody cares about such news anymore because the FUD is see through right now.

Yep,the crypto news sites have to "sell" their clickbait and get more clicks and ad revenue.
"Sensationalist" journalism has been invested long time ago...
Unfortunately,the Chinese government can do whatever it wants with the confiscated coins.There aren't any "checks and balances" in China and the Chinese courts don't have the power and authority to cancel a decision made by the government.
The members of the Chinese communist party can steal those coins and nobody can do anything about it. Sad
3774  Bitcoin / Bitcoin Discussion / Re: Reminder - High Bitcoin price = Higher than normal scam & hack activities! on: December 02, 2020, 06:53:07 AM
This is a pretty accurate list.
However,I don't see any news about some major cryptocurrency exchange platform being hacked during the current bull market.Perhaps the security on all crypto trading platforms was improved severely.
During the previous Bitcoin bull markets,there were many crypto exit scams(mostly ICOs).
Now, the ICOs are a thing in the past and less people are scammed than before.
I'm sure that the crypto industry will become more secure and trusted.
I think that people are always greedy,if doesn't matter if the price is increasing or decreasing.
The scammers will always find greedy and naive people.Most people never learn from their mistakes.
3775  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto Lived In London While Working On Bitcoin on: December 01, 2020, 01:04:36 PM
Quote
I am not convinced that this can prove he was located in London when he worked on Bitcoin. Based on when he was active on Bitcointalk, SourceForge, and his emails, I would find it extremely difficult to keep up such a tempo. It would mean that he worked on Bitcoin mostly from 14.00 and up to 06:00/07:00 every day of the week. That means he never slept during the night. Sometimes I work in night shifts, it's extremely difficult to work 2-3 night shifts without a proper sleep throughout the night. If he was based in London, he worked throughout the night all the time.

This is pretty interesting info,which might serve as a some sort of proof,that Satoshi might have been a leader of a secret team of people,who worked on the creation of Bitcoin,rather than being the one and only creator of BTC.This is a conspiracy theory,which still lacks solid evidence,but can't be left behind.
However,being active on Bitcointalk and SourceForge doesn't mean that he was working all the time and sending emails isn't such a tedious task or maybe he had insomnia. Grin
The location of Satoshi doesn't matter anyway.I hope that he is safe and sound.
3776  Economy / Economics / Re: genius idea to fix all economy best idea on: December 01, 2020, 12:35:28 PM
So all the governments/central banks will say "Hey,let's just create hyperinflation by giving away helicopter money and make paper money worthless." Do you think that the bankers and politicians are that stupid?
OP,you should visit countries like Venezuela and Zimbabwe and see by yourself how "helicopter money hyperinflation" works.The people in these countries aren't happy at all.
I don't get the point of your post.Are you joking with this thread?Are you shitposting just to boost your post count?
3777  Bitcoin / Bitcoin Discussion / Re: Should Crypto users use VPN's ? You decide..... on: December 01, 2020, 07:32:46 AM
There is no way, I repeat, no way to ensure that your VPN will not store your logs. Ultimately, when you're connecting using OpenVPN to their server, they can (and likely will) store logs of some form, anonymized or not. For that reason, I don't really recommend people to use VPNs with their wallet. It could potentially be detrimental to your privacy as it'll keep more detailed logs and your traffic has to flow through the VPN. Your trust now lies with the VPN provider instead of your ISP.

Tor is a much better alternative. And it's also free.

Tor Nodes are controlled by the FBI and most of the IP address in Tor are blacklisted for a reason.
I tried to login in a cryptocurrency platform using the Tor browser and it was a nightmare-constant captchas one after another and I eventually failed to login.
Most cryptocurrency platforms are directly blocking access via the Tor browser.
You decide how helpful is Tor and what alternative can Tor be to the VPNs.
I'm not a big fan of VPNs as well.It doesn't matter how "trustworthy" is the VPN you are using,some day your browsing data will get into the hands of FBI.

3778  Economy / Speculation / Re: Explained - The Road to $100k Is Underway on: December 01, 2020, 07:07:30 AM

This guy says nothing new and he doesn't bring anything new to the table,when it comes to BTC price predictions.
He fails to explain how the Bitcoin price will jump from 19000 USD in Dec 2020 to six figures in Dec 2021.
That looks like a bold statement to me.Back in 2018,the expectations of LN boosting BTC adoption and price were huge.Now almost nobody cares about the Lightning Network project.
By the way,I don't think that Bitcoin has an "underway value".The current market value of BTC is the true value,because it's defined by supply and demand.Bitcoin isn't and cannot be overvalued or undervalued.
3779  Other / Off-topic / Re: Dan lok and other Gurus what do you think on them? on: December 01, 2020, 06:59:29 AM
Dan Lok is a scam.Check out Youtube channels like Coffeezilla and Mike Winnet,who are exposing Dan Lok.
The fact that someone has 1.8 million followers on Instagram doesn't make him legit.
Anyway,this topic has nothing to do with Bitcoin,so please move it to a more appropriate sub-forum.
3780  Bitcoin / Bitcoin Discussion / Re: Mainstream news media's new portrayal on bitcoin hehehe on: November 30, 2020, 12:41:39 PM
In the beginning they said that bitcoin is only for criminals. On 2017 they said that bitcoin is a bubble. On 2020 they are saying that bitcoin is racist and sexist.



Much of Coinbase’s culture stems from the one around Bitcoin, current and former employees said. Bitcoin, which embodies a libertarian philosophy that snubs its nose at the pieties of mainstream institutions, has attracted a generation of fans known as “crypto bros.” Many have propagated a brash male-dominated way of life, facing criticism for sowing racism and sexism.

Source https://www.nytimes.com/2020/11/27/technology/coinbase-cryptocurrency-black-employees.html

New York Times is a liberal propaganda machine devoted to the liberal agenda.
Everything different than the liberal agenda is labeled "racist and sexist" by this propaganda machine.
I've never heard the term "crypto bros" and I believe that 99% of all cryptocurrency supporters around the world are NOT racists and sexists.
I'm not advocating on Coinbase,since I'm not a fan of this company.Their corporate culture has almost nothing to do with the values of Bitcoin.They just want to make money out of Bitcoin/altcoins.
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