I'm pretty sure he can't just outright lie about stuff like this, right? He handles a public company. Providing fake/misleading information about the company and their holdings will most definitely get him in huge trouble. |
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UST is an algorithmic stablecoin a.k.a. backed by the LUNA token. Hence it's pretty much almost backed by thin air; hence why Luna Foundation Guard had to purchase a good amount of bitcoin to protect the peg if it's the case that there's a bank run.
And yea, it happened:
Peg broke due to UST having a huge bank run, with people selling the UST for other stablecoins (hence pushing down the price of UST). Now for the peg to be restored to $1, Luna Foundation Guard had to liquidate a crap ton of bitcoin on their reserves just to push UST back to $1, further pushing down the downward pressure on BTC.
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Suppose you woke up tomorrow morning and found that out of nowhere despite all the revenues in the world Amazon and Apple for some reason shut down due to bankruptcy, and Tim Cook and Andy Jassy suddenly scammed the whole world of their order packages. How will you be at that moment?
Sounds totally absurd and impossible to happen yea? Exactly.
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A quick Google search will do it, or even just look around Bitcointalk. Dozens and dozens of people have already created those "crypto glossary" threads that it would be very unproductive and very unnecessary to create more.
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I'd say in short NFT is scam.
Why should someone need to pay ridiculous amount to obtain an art while you can actually download it for free lol. Since crypto is pseudonymous where you can see which address send the token and which address send the NFT, but you don't know who behind of those address. It's possible a same person bought his own NFT with huge amount money to make people think this art is really expensive, so when this art is hyped, people really want to buy it. Easy money for him and the buyer will rekt.
I don't think we should call literally anything we don't like a scam. If a certain NFT project is being honest about their project without making false promises and such, how can it be a scam? There sure are a lot of delusional buyers, but let's not forget that a lot of them are totally aware that they're just purchasing a digital signature of a jpeg. utterly bad investment != scam |
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3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
This has been the case, like — since literally forever. But I wouldn't say they're responsible for most of the capitulation. Let's not forget that markets in general have been a total utter shitshow for a while now, and market correlation between BTC and the SPY is at an all-time high. |
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MicroStrategy holds crap ton of spot bitcoin on their balance sheets; they could just add more and more collateral so they wouldn't get liquidated. Unless we nuke far far below the $21k threshold, the risks for liquidation are virtually nonexistent.
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This is only true in the short term; in the long term there has not always been a correlation, far from it.
*snip*
I'd say short-mid term. Probably (and hopefully) de-correlated in like 5+ years. In summary, there probably would be a correlation until the time that the masses finally realize that bitcoin isn't some sort of tech stock(as most people probably think because of the wider cryptocurrency industry); but instead something totally different. |
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Unpopular opinion for some reason: you don't need to get all your income from Bitcointalk, or the cryptocurrency industry in general. The world wide web is so vast and limitless that I really don't know why most people here think that this is their only option. I'd rather become a virtual assistant than just spam social media with crypto links.
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Honestly, don't over think it. You just check the price at the right moment and the right time, hence you landed upon the 33333 number.  If I remember correctly, at the price top I also saw screenshots of 66666. So the question is, if all the good news stop, and we go full bearish, where do we stop and what do you think will trigger the change in trends?
Probably controversial opinion: bitcoin likely stops dropping once the S&P500 stops dropping. Like it or not, BTC and the S&P is still highly correlated. |
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The issue I am seeing regarding inflation is this. Everybody is talking about the coming recession. However when you go out in public people are still spending money like crazy.
Gucci store is full, lululemon is packed, so is Apple store. Everyone is spending money, adding debt with rising interest even though they know there is going to be a recession sooner or later. Why is everybody being careless.
Though I'm not saying that we're definitely in a recession, to be fair — we don't really expect your typical day-to-day person to be aware of these kinds of things. The time they'll realize they're screwed is when it's already somewhat 'too late'. |
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So after like 6 straight weeks of red for the major cryptocurrencies and not to mention the S&P500 shitting the bed, this article writer thinks there will be more red as if it's some new discovered information lol.
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This is almost always the case with things, ain't it? People who don't know crap about any certain thing will have shitty opinions towards it; and to add to that, most of them just echo other crappy popular opinions on social media. This is the same demographic that likely doesn't have any single investment in the first place.
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There's no such decentralized wallet, but a non-custodial wallet!
To be fair, we do have a decentralized wallet — the one and only Bitcoin Core software! Perfectly safe to assume that it's the open-source wallet software that not one entity controls, but instead being coded by a huge number of Bitcoin enthusiasts worldwide. |
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People then look for an alternative. One that offers more security in times of crisis. Bitcoin.
A lot of people assume this, but really, we're yet to see how bitcoin will perform overall. Yes, bitcoin is scarce and permissionless and all that — but it wouldn't matter much if only a small minority of people(us Bitcoiners) see these advantages. Obviously for bitcoin to perform well, a lot of people(money) should be in on it. |
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Props to the women trying to learn about this space. Contrary to some opinions(erm, journalists), there's nothing people can do to get more women interested in bitcoin/crypto. The information is freely available on the web; they just need to be curious/interested enough to jump in. This sure is a scary ass headline though. If the sole reason is to get rich, err.. probably not going to end well. |
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I read the above comments, seems everyone is missing something here. Binance acts an escrow for their p2p service, the coins remain in their custody until the seller clicks “payment received”. In this case, the buyer clicked “paid” without making the payment as OP claims, it is up to the seller to confirm if the money is in her account before releasing the coin. If the money isn’t, you make an appeal immediately with proof. The coins aren’t lost, there are still in the escrow Binance takes about 72hours to do an investigation. There is also a chat box for both parties to communicate and resolve such disputes.
Yep. It's just either: 1. OP's friend fucked up and OP immediately created a topic asap before trying to resolve the problem with Binance or the other party 2. OP's friend transacted with a scammer 3. OP manufactured a story because reasons |
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Not sure if it will be snappier to run windows on raspberry PI, if you want one make sure its the latest raspberry device, though its better and more fit to run a Linux OS on raspberry PI rather than windows OS because Linux is more lite weight.
Linux mostly being more lightweight is only one minor thing, what's more important that most Linux OS's doesn't have all those bloat built in from installation like how Windows have. Windows has a lot of pre-installed software that could be a problem with privacy and security. What's worse is that you couldn't uninstall some of them without doing registry stuff. |
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This-should-be-obvious tip: only transact with buyers/sellers with a crap ton of completed orders and a very high percentage of positive feedback.
If you really got duped though, I think there's a good chance of Binance helping you out; don't forget that they can check the chain.
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