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3981  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs more women. on: November 12, 2020, 12:08:05 PM
Bitcoin needs women,but do women need Bitcoin?I don't think so...
Unfortunately,most women are not into the investing game.They like to spend money,not to invest.
Bitcoin is more of an investment tool,rather than an actual currency used for spending.
The vast majority of women want cash and credit cards.They are simple and easy to use,there's no learning curve.
Geeky and nerdy,tech savvy girls are more than welcome in the blockchain community,but I don't see any tech savvy geeky girls around the IT industry in general.
Is it because of the educational system,or simply because girls and women don't like tech stuff,I don't know...
3982  Economy / Economics / Re: IMF calls for "new Bretton Woods" on: November 12, 2020, 06:25:51 AM
Something interesting is happening. The IMF called on Friday for a "new Bretton Woods" agreement. This could show that they are concerned about Bitcoin. I've always said that Bitcoin will become the global reserve currency. For my thoughts check out my video here : https://youtu.be/d-lWxWDoPgw

I cover in the video the history of Bretton Woods , Nixon taking the dollar off the gold standard , and my thoughts on Bitcoins role.

Who the hell still cares about the International Monetary Fund?The IMF director has no power to decide anything,including the power to call "a new Bretton Woods agreement".I don't think that the IMF director had Bitcoin in mind,when she called for such meeting.The global fiat financial systems has big problems,and the global superpowers will have to gather around the table and decide what to do,in order to solve the problems.
I don't think that they will ever decide to adopt Bitcoin and cryptocurrencies in general.
3983  Bitcoin / Bitcoin Discussion / Re: 6 countries have more than 50% of BTC exchange traffic on: November 12, 2020, 06:10:55 AM
Quote
Analysts noted the absence from the list of China and a number of other countries whose authorities block access using the Golden shield or its analogues. Residents of such countries are forced to rely on VPNs.

This clearly shows that this list isn't accurate,so there's no point of sharing it and discussing such misleading information.
It's not a secret that the majority of BTC miners are located in China.How would they move and sell their coins to crypto exchange platforms if they aren't using VPNs?
I really hope that China will,sooner or later, lift the ban over cryptocurrency trading.This will boost the Bitcoin price(and probably the altcoin prices too) really high.
3984  Bitcoin / Bitcoin Discussion / Re: Bitcoin Turkey as a sponsor in a football match on: November 12, 2020, 05:52:19 AM
Damn,this type of advertising is not targeted at all.
Do they think that the majority of football fans know anything about Bitcoin,blockchain,wallets,crypto exchange platforms,etc.?
I respect any business,that has the balls to advertise on TV or on billboards,but I don't think that such advertising will raise awareness or educate people about Bitcoin and crypto trading.
The "average Joe" would simply see the logo of BtcTurk,say to himself "I don't care about this BS" and he will just continue watching the game. Undecided
3985  Bitcoin / Bitcoin Discussion / Re: If bitcoin will die then crypto market will die confirm! on: November 11, 2020, 01:55:19 PM
I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it. 

I do believe that altcoins and their blockchains can survive without Bitcoin(even though I'm not a fan of altcoins).
The question is how big will this altcoin market be?I think that it will be 10 times smaller without Bitcoin.
Bitcoin Core is the cryptocurrency which brings trust,authority and safety in the cryptocurrency market.
Without BTC,the crypto market will be just a bunch of pump&dump altcoins+tokens issued by shady crypto projects.There are a few legit altcoins,like ethereum,but I don't think that they will ever going to reach the level of acceptance and trust that Bitcoin Core has.
3986  Economy / Speculation / Re: Let's discuss: How big will the next correction be? And when will it occur? on: November 11, 2020, 12:45:18 PM
I think that this topic belongs to the Speculations sub-forum.
The next price correction won't be "catastrophic" or a "nose-dive" drop.I think that there will be several small price corrections of around 5-10%,all the way back to 10K USD.Those price corrections might happen in the beginning of 2021(if we are pessimistic about the Bitcoin price) or maybe they will never happen(if we are die hard Bitcoin fanatics,waiting for the price to hit the moon). Everything is just suggestions and wishful thinking right now.
3987  Economy / Economics / Re: Biden and Cryoto on: November 11, 2020, 07:09:59 AM
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Bitcoin shouldn't depend on the mercy of any president,prime minister or politician from any country in the world in order to prosper.The Biden administration won't be that different from the Trump administration or the Obama administration,so there's no point of discussing such topic.
Just like the libertarian economists from the past have said "lesse fair"(I don't know french) or "let it be".
Bitcoin will prosper,if the politicians leave it alone and don't intervene inside the crypto industry..
3988  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin fall to zero? Be woke with changes of No. of BTC with $ 1 million on: November 11, 2020, 06:53:20 AM
Bitcoin will never fall to zero.The real question is what will happen to BTC after the pandemic ends?
There are two scenarios I can think off:
1.The Bitcoin market returns to the 2018-2019 situation,which means price fluctuations between 5K-15K USD,bullish and bearish markets,uncertainty about that future,etc..
2.Bitcoin gets massively adopted after the pandemic,so the BTC price goes above 20K USD and stays there for years+the sky is the limit. Grin
In both cases,there is great potential to make big profits.
3989  Bitcoin / Bitcoin Discussion / Re: Bitcoin app for newbie suggestion on: November 11, 2020, 06:24:34 AM
All this sounds great,but I don't get one thing.
Why a smartphone app is better and more helpful than an informative article,that you post online,or a Youtube video?I think that a really informative Youtube video can do a great job for educating the newbies about the pros and cons of Bitcoin.The effort of creating such video would be way less,compared with coding a smartphone app.
I guess that today's young people are more used to downloading and installing apps from Google Play and the Appstore,rather than searching on Google and Youtube.It's all about laziness. Grin
3990  Economy / Trading Discussion / Re: Will atomic swaps beat centralized exchanges? on: November 10, 2020, 12:47:41 PM
I'm not familiar about how atomic swaps work,but I don't think that this is a direct collision between this new technology and centralized crypto exchanges.I think that the cryptocurrency exchange platforms will adopt the atomic swaps technology,if they see that the benefits of such implementation are more than the costs and potential risks.
I've heard the term "atomic swaps" 2 or 3 years ago and it seems that not much has been done with this concept and only a handful of blockchain experts are discussing topics about this crypto innovation.
3991  Bitcoin / Bitcoin Discussion / Re: Stanley Druckenmiller: another billionaire sees bitcoin as store of value on: November 10, 2020, 12:21:19 PM
Another billionaire will join the crypto whales tribe.This is good news.I'm surprised that rich people view Bitcoin as a potential investment alongside gold.Let's hope that this will be a sustainable trend and more millionaires and billionaires will join the Bitcoin club.The real change will come once the hedge funds step in and start buying actual Bitcoins,not derivatives like Bitcoin futures or some sort of Bitcoin contracts(like what the Bakkt project is doing,if I remember this correctly).
3992  Economy / Economics / Re: Hoping that its the end of corona virus on: November 10, 2020, 06:45:07 AM
The corona virus pandemic might end in some countries,but it will continue to spread in other countries.
Right now,the pandemic is spreading rapidly in Europe and North America,but the Asian countries like China,Japan and South Korea managed to put the coronavirus under control.
The politicians failed to stop the pandemic,because total lockdowns are a very unpopular decision,which will make them lose votes in the future elections.
Explaining every problem with corruption across the political elites is pretty much oversimplifying that problem,which is wrong.The problem is much more complex than we think it is.
3993  Bitcoin / Bitcoin Discussion / Re: Joe Biden’s Crypto Impact Is Unclear As He Wins Presidency on: November 10, 2020, 06:26:54 AM
Joe Biden is a 77 year old Democrat and Democrats are known for social conservatism but economic liberalism. While I don't think Joe Biden will take any drastic step against cryptocurrencies but given his age, there's a risk from policy perspective! Even though nothing is clear at this moment and I am sure nothing else will come up in next 6 months because Joe Biden will look at the priority concerns first.

So let's not get worried at this time because no one knows what policy impact Joe will bestow upon the market. Just wait and watch! The price drop has nothing to do with US presidential election. It is possibly a profit booking menace we have seen!

I can't agree with the democrats being "socially conservative". Actually,it's quite the opposite.
The democrats are socially liberal and "economically socialist" in their views.
People,who aren't familiar with the US political system,have to know that Biden doesn't have such big power and authority to make big changes.I assume that it depends on the US Congress and Senate to impose bills that have impact over the cryptocurrency industry.
The Senate is still dominated by the republicans,who can stop any bill coming from the democrats,so Biden will have to negotiate with the republicans.
Anyway,there are way bigger problems,which Biden will have to face,so he couldn't care less about the cryptocurrency industry.
3994  Bitcoin / Bitcoin Discussion / Re: Mempool is clean after 2 weeks on: November 10, 2020, 06:07:41 AM
Traders taking a breather and a good time for all Bitcoin critics to take a nap since they can't throw the usual "network is congested, fees are high, not good for adoption". Some people may also attribute this to the US Presidential election being over. Whatever the reason is, I'm glad that bitcoin is bouncing above $15K. Is this an indication that after a short break a push to $20K is up next? I'd love that to happen but who knows.  

The US presidential election has nothing to do with the Bitcoin blockchain congestion.The network got congested due to a large amount of transactions conducted in a short time frame.Unfortunately this might happen again and there's nothing we can do about it.
The Bitcoin critics will always find a reason to s*it over Bitcoin.If its' not the blockchain being stuck,it would be "Bitcoin is being used by money launderers and criminals" or "Bitcoin users aren't paying their taxes" or "Bitcoin is way too risky and speculative as an investment".The FUD list just goes on and on.
Ignore the FUDsters and up to the moon! Grin
3995  Bitcoin / Bitcoin Discussion / Re: Twitter didn’t completely disable posting bitcoin addresses on: November 09, 2020, 01:16:32 PM
I assume that posting Bitcoin addresses in tweets can be considered spamming,which is forbidden by Twitter,just like posting affiliate links in tweets,even though some spammers can find a way to bypass this rule.
Having a Bitcoin address inside your BIO isn't considered spamming,so it's not forbidden by Twitter's Terms of Service.It's OK to have a BTC wallet address in your profile BIO,as long as you are not spamming that address and you are not begging for donations.
Anyway,I'm not a fan of Twitter.There are way better social media platforms. Grin
3996  Bitcoin / Bitcoin Discussion / Re: Will the new US administration be friendly to bitcoin? on: November 09, 2020, 12:57:49 PM
The election is over, Trump had negative attitude towards bitcoin but what Biden's administration will bring to crypto. The fact that the Fed will continue printing $$ and new stimulus is coming is definitely good for bitcoin.
Never heard that president-elect Biden or someone from his camp made any public statement about bitcoin or crypto-technology, hopefully no tough regulations will be made.

Well,Biden and the democrats are leftists,so the taxes(including the taxes over our cryptocurrency profits) might go up.This is the only negative impact over the crypto industry I can think off.
Other than that,I don't believe that the Biden administration is going to be overall negative or positive towards Bitcoin and the altcoins.Maybe the regulations ,like KYC,will become more strict and the crypto enthusiasts will have to abide by new rules ,like proof of income source and proof of address,but I don't think that Biden will ban the crypto industry.
3997  Economy / Economics / Re: The source of bitcoin's current skyward trend was foreshadowed on: November 09, 2020, 06:50:01 AM
I understand the claim that USDT is a leading indicator for bitcoin price, but I'm having trouble understanding why this is supposed to be. Without a rationale explanation for this, it's just a correlation like all the other correlations that are just a coincidence.  Can anyone explain it like I'm 5 why USDT is supposed to foretell btc price movements?

It was already explained many times before.More Tether in circulation means more active crypto traders,which means more market liquidity and increased demand for crypto coins.
I remember that the launch of Tether back in 2017 had a huge role in the Bitcoin price explosion back then.
Crypto traders should pay close attention to stablecoins,even though I am not a big fan of those coins,they can provide great trading signals.
During the last three years,I thought that Tether will turn into an exit scam and the creators will run away with all the USD in their reserve.Well,now I have to say that Tether is actually legit.
3998  Bitcoin / Bitcoin Discussion / Re: If you think 2020 couldn't get any weirder on: November 09, 2020, 06:31:01 AM
What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't(if it can't serve as a store of value,then it can't be called a financial asset).There is no "partial" in the equation.
Bitcoin has proven over the years that it can successfully serve as a great store of value,even though it's still very volatile and risky.I like how he shits over shitcoins.We don't need shitcoins anymore. Grin
Roubini hasn't yet jumped in the crypto lover's wagon,but even he admits that Bitcoin can be useful.
All the FUDsters might turn into BTC believers one day. Grin
3999  Bitcoin / Bitcoin Discussion / Re: Can bitcoin be brought into DeFi’s orbit on: November 09, 2020, 06:11:59 AM
Quote
As DeFi continues to grow, it’s entirely possible that Bitcoin will remain the center of gravity for crypto and that smart contracts around Bitcoin will natively unlock innovation and $250 billion in Bitcoin capital.

250 billion in Bitcoin capital?WTF?The Bitcoin marketcap is NOT Bitcoin "capital".There's a huge difference.
I can't imagine 250 billion dollars in Bitcoin capital.If the mainstream investors buy BTC worth 250 billion dollars,the price of Bitcoin would be above 1 million dollars for sure. Grin
Anyway,I'm not a fan of DeFi projects,so let's see how the DeFi technology will develop and grow over the next few years.If DeFi projects turn out to be successful,then it's OK to combine the powers of DeFi and Bitcoin Core.


4000  Bitcoin / Bitcoin Discussion / Re: Bloomberg Financial Journalist Tracy Alloway Flips: I'm bullish on BTC now on: November 06, 2020, 12:00:43 PM
Should we care about the opinions of such conformists?Today,she is bullish,tomorrow she will start the FUD campaign again. Grin People like her are simply following the trends.We need true believers of Bitcoin and the cryptocurrency/blockchain revolution,not conformists and opportunists.
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