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The tulip bubble, the Ponzi scheme, Bitcoin is still developing very well despite repeated doubts, but many people still do not have a firm belief that Bitcoin will not collapse, and Bitcoin forums will always be there.
I believe that rationality may be. Be late, but will not be absent.
Maybe after Bitcoin enters the bear market, everyone's enthusiasm will be less, but everyone is waiting for the opportunity. The true Bitcoin believers will continue to put forward suggestions for improvement of Bitcoin and work hard for it.
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This question is already an old question. You can search for related topics in the forum. You will find the answer slowly. If you are a novice, you may pay a certain amount of tuition for your youth. My experience tells me not to believe that pie is falling from the sky, but also to think about whether there are the following characteristics: - Any pyramid model involving "pull heads" must be a Ponzi scheme.This is the most common and notorious. The essence is the emperor's new clothes, illusory.
- The project party copied the code without any innovation, copied it naked, and only changed a name. Some altcoins will also madly build momentum, with the help of various celebrities, and shamelessly gain popularity.
- Anything that involves shameless talk such as "guaranteed income" and "inevitably surpasses Bitcoin" must be rubbish coins. Rubbish coins often use pyramid schemes for new promotion, and the project party will eventually circulate money and run away or the capital chain is difficult to maintain and collapse.
- The project code is not public, and there is no audit report before the project is listed, because their purpose is to have low-cost investment to defraud high returns.
- Project tokens will be listed on some unknown small exchanges. Such exchanges are often characterized by small trading volume, slow operation, frequent downtime, and difficulty withdrawing coins.
- The team information is opaque, the team is overwrapped, and the team is advertised as foreign senior programmers.
In fact, sometimes it is ridiculous to think about it. In their eyes, they seem to think that there are too many smart people and not enough fools. |
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I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.
Well I guess it's now official if the Wall Street Journal said it. Lol. Not that I doubt what they're saying in the least, because I and many others on this forum have been expecting a ramp-up in inflation for quite some time now. We all knew there were going to be consequences for the money printers going brrrrr, all the unemployment assistance, the stimulus checks, the out-of-control spending, etc. There's no way we weren't going to see chronic inflation. And who's going to be the real victims of all this? Our kids and grandkids. I don't need the WSJ to tell me that they're fucked and are going to have to clean up the mess made by the politicians of this generation. My advice? Get out of cash and into some investments or at least something that hedges against inflation. I'm not sure if precious metals are worth looking into, but bitcoin is certainly an option--even with its notorious volatility. With all the institutional buying that's been going on, and the price being relatively stable despite its drop from the ATH, I'd bet it's poised to go much higher than it's at right now. Spend that cash you have, and save only enough to get you through an emergency. Any excess cash should be converted to other things IMO. Recently, David Folkerts-Landau, head of global research at Deutsche Bank, co-authored with Peter Hooper and Jim Reid, an important report titled "Inflation: The defining macro story of this decade" (Inflation: The defining macro story of this decade). The report warned that the global economy is "sitting on a time bomb" and that the outbreak of inflation may have devastating consequences for the US economy. Inflation in the United States may cause a global economic crisis, but rainbows often appear after storms. As the epidemic continues to develop, Bitcoin’s position will be consolidated. When people panic and worry, I think this is also a great historical opportunity. Heroes often appear in troubled times. Hold the Bitcoin in your hand. Don't wait for the storm to return to calm, but you have nothing to do with the arrival of the digital world. |
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It is not surprising that no-name exchanges are liked a lot. The threshold is low and there is no bottom line. It is the first choice to get the most benefits. This point coincides with many altcoin projects. The real reason is that in small exchanges, many altcoins can double crazy in a day or a few days. Users also know that buying coins on small exchanges is risky, but they are willing to take a gamble. After all, some people have earned 100 times. Let’s first analyze the small exchange (unnamed exchange) - The threshold for altcoins to be listed on the exchange is low and there is no difficulty.
- There is no bottom line, as long as the money is in place, there is no problem, and the data can be falsified.
- The trading volume is small, the number of users is small, the withdrawal speed is slow, the market data is delayed, and even small exchanges can forge K-line charts.
- With low security, you will find that the shortcomings of centralized exchanges are very obvious in small exchanges.
Then we are analyzing the projects of small exchanges, which also have many common features: - The white paper is purely plagiarized, without any technological innovation, just changed its name, and even written by a third-party team.
- With a huge rate of return, the announcement will always say that it will skyrocket 10 times, 100 times, 1000 times, etc. in the future.
- Ponzi schemes will quickly pull orders after being listed on the exchange, giving investors confidence.
Finally, both novices and beginners have a common characteristic: greed, fluke, ignorance, and sadness. There is no shortage of successful models on the road to success, but more are clever fools. Some people don't choose the front door, they have to go to the side door, they are already lying in the arms of the liar when they open the door. |
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In my cognition, we have experienced the gold standard, the currency standard (based on the US dollar), but we are in an era in the digital world. The core of the Bitcoin world is everyone.
From the beginning, it may take several days for people to communicate remotely, such as telegram. A postman is also needed in the middle of information transmission. But now you just need to press the send button.
In addition to information transmission, Bitcoin has brought us the value transmission of the Internet. For example, I gave someone a photo of me, and I still have one on my computer. But in the world of Bitcoin, there are no lies. If I give it to someone, I don’t have it because I don’t need a bank account.
I have the final say. No matter how much money I have, I have the final say, this is a huge improvement, my money will not be frozen, I know where my money is, I know what my money is doing, and mine is mine, The only one that cannot be copied.
I have been frozen by a fiat currency bank. In fact, in my transaction process, I was not the wrong party, and I did not lie, but what can I do? My freezing is the result.
So I want to say that Bitcoin is really taking personal interests as the starting point For example, I have an apple, and the government says it’s not my apple. Sometimes I can’t find any reason to prove my claim, but in the digital world, in the Bitcoin world , My apple is my apple.
Whether Bitcoin will become our beacon in the future is not a tool of the government, interest group, or politician. There is no politics in this world. In the Bitcoin world, there is no racial discrimination, no class distinctions, no dignity and humbleness, and no fraud. In the Bitcoin world, there is respect for everyone, and everyone has autonomy.
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As a newcomer, I want to talk about some of my feelings in the Bitcoin forum, which may express why forum members are losing or the number of quality posts is decreasing. I want to explain my point of view from the subjective and objective aspects: The subjective reasons of the Bitcoin forum itself: - At present, everyone (including me) has fully adapted to mobile applications, and the format of the Bitcoin forum itself is not new, and it looks tiring to use a mobile phone.
- The information timeliness of the forum is not as good as the current social media such as FB, TWITTER, REDDIT, etc.
- Bitcoin forums are not chat rooms, so opinion responses and discussions are delayed. For me, some opinions may be momentary, and they may be forgotten after a while.
- Bitcoin forums have certain thresholds for membership requirements. In Bitcoin forums where content is king, after more than 10 years of development, there will be a discussion bottleneck period. For example, the current active sector is the altcoin sector. The demand is greater than knowledge and technical discussions.
The objective reasons are: - Many people lose a lot of patience due to the high returns and profit temptation of Bitcoin and cryptocurrencies, and pay more attention to market conditions, all kinds of good or bad news. In other words, they prefer fast-food platforms and neglect to sink their hearts to think. . In the hearts of these people, you are not suitable for Bitcoin forums.
- After a long time in the forum, you will get to know many heroes and legendary members, some are doing data analysis, some are technicians, and some are programmers. Therefore, there are a lot of discussions about technology in the forum, and some people who naturally reject it, because my major is not technology, it is difficult to integrate into it.
- The newcomers to the forum do not have too much knowledge and time to settle. For example, in the forum, many people read it again and did not express their opinions. The reason is either to come to the Bitcoin forum to look for projects or to look at information.
- This last point, I am a newcomer and forum user, what attracts me is the atmosphere here, but the page and format of my forum are not attractive, and I may need time to get used to it. Sometimes it's awkward to use. For me, who has a relatively fast-paced life, the Bitcoin forum is more suitable for me to reply and study at night.
Thank you all, thank you. |
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Hello, everybody. I'm Maxine from America. I teach English in Japan with master's degree. Last year I happened to know about blockchain and Bitcoin. It's been several days since the last time I posted here, I just arrived Japan days earlier and the quarantine just finished.  (time in the hotel were extremely boring...I slept a lot) Since Bitcoin came into my life, I began reading in this forum and I spent half a year leaning here in that I didn't know what to say at first, so there's no need to have an account. Last month, I created my own account, truly started my journey there. I wanna be visible here and talk with so many people I admire, to communicate with them. In terms of my practice. The first coin I bought is sushi and I earned some money from it. Then its price plunged so I sold most of them for the purchase of other mainstream coins, such as ETH, ETC, LTC. Of course, I bought Bitcoin as well. I read some articles saying HODL is very hard to do, besides, I believe all coins I bought are of value. So even though I lost money, I hadn't sold any of them, I bought some a little Bitcoin at $30k. I don't regret for what I've done. I believe in these coins, esp, Bitcoin. I wrote this passage to introduce myself to you. In addition, I wanna know if there's anyone who has similar experience with me. My faith in my coins didn't collapse but I'm afraid it would waver and I couldn't help selling some of them anyway, glad to meet you here. I'm a newbie. Let's make progress together. BTW, I really think highly of those who are making great contribution to this forum and I congratulate them on their success. I really appreciate your advice and devotion for everyone in this forum. You're my role model. Bitcoin renders me get a glimpse of a new era and this forum leads me into a new subject! Come on, brother, I am also a newcomer. Coincidentally, I started with SUSHI first, and I still hold it, and I still hold XMR next. Of course, I must have used part of my funds and it will not affect my normal life. There are many heroes and legendary members on the Bitcoin forum who read a large number of posts every day and reply to a large number of posts to those in need. Of course, they will also report and delete some low-quality and meaningless posts because of their selfless efforts. Bitcoin forums are more valuable. Just like you said, Ratimov is a very respectable person. You can read his 2nd anniversary post, recording how he became a hero member, which is worth learning. |
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Absolutely! That's somewhat hypocritic and we see the double standards here. Banning the Binance because it's not part of the FCA under a pretext of not meeting requirements regarding money laundering, while it happens over and over in the country.
But the good thing here is that it's all fixable, unlike in countries with dictatorship, where ban means ban probably forever. All Binance needs to do is to improve this part and when all requirements are met the UK will have to revoke the ban.
And people still can trade in the UK on Binance, so it's not that big of a problem, at least for the crypto users.
"From July 8, 2021, we will stop payments from Santander bank accounts to Binance as much as possible. This follows the recent warning issued by the Financial Conduct Authority (FCA) to consumers to help protect you from Fraud. At this time, we will not restrict withdrawals from Binance to your account. We take this step because we want to do everything we can to protect you and ensure the safety of your funds" I agree with the author's point of view very much , speaking of the nature of the problem, and this British bank is a private financial services company. If Binance changes from illegal to legal operation, I think it will not abandon the UK market. Although I personally don’t like centralized exchanges, there are too many drawbacks of centralized exchanges, which makes people feel untrustworthy. |
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I am glad to read this post, and it reminds me of Martin Luther King--I have a dream. Of course, his dream is to eliminate racial discrimination and Achieve freedom and equality.
The dream of a slave is to become a slave owner, which also illustrates the weakness of human nature. This depends on the person’s childhood knowledge structure and original ecological family. We can’t blame him. Maybe it’s not his fault.
But in the world of Bitcoin, the original reason for believing in Bitcoin, people all over the world have formed a strong consensus to make Bitcoin sing its way, but what is terrible is that the speculation is getting stronger and stronger, and huge wealth has been obtained through various means , Has completely deviated from the original intention.
Considering the problem purely from the perspective of economics, here I want to express two concepts, one is a product and the other is a commodity.
The product reflects the value of the thing itself, and the commodity only has the price.
When people pay too much attention to the price, just like the current encryption market, a hundred flowers bloom, all kinds of flies and mosquitoes come out, there will be various scams, scams, and make people miserable.
Altcoins have created many dreams that make people rich overnight, but many are traps.which means that to be a slave, if his dream is to be a slave owner, it is also very sad.
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Most people in the world do not get the chance of doing anything remarkable in their lives. Many may do things that are significant for them, but usually, chances of doing something that will change humanity, its culture and its way of thinking are remote. People involved in the French Revolution, artists in the Renaissance, philosophers in ancient Athens, ... they did things that left the world changed.
Most of us have some bitcoin. A few have a lot of bitcoin. Just think that for any reason, in 5 years or 10 years, something happened that dropped bitcoin value or made the network unusable or whatever event or combination of events made it impossible to use it any longer. As far as I am concerned, I can say "I was there and, at least, it was something great and I was part of it". When bitcoin fades, the way people think about currency, self-governance, trust in a system will have changed forever. And you will have been part of it and be able to say "I did something great and it changed the world".
I am accustomed to thinking about and investing in some projects rationally. When I first met Bitcoin and knew how it works, I knew that we would definitely have a story, because my investment idea is to invest in the future of Bitcoin. Of course I don't invest all my belongings in Bitcoin, but I don't want to wait for Bitcoin to be successful, but I am an outsider. |
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FOLLOW THIS RULES TO BECOME RICH
Rule 1
Money is covered only by the words of those who govern those countries.
Rule 2
Monitor your expenses ( Even the tip you give to a stripper)
Rule 3
Don't gamble
Rule 4
Don't invest in women (gold diggers)
Rule 5
A investment is a operation that allows you to recover the initial amount invested and it will generate you a profit after rigorous/logical/rational analysis
Rule 6
Diversify ,but put your eggs only in things you understand and things that gives you pleasure /joy to find out more information and to analyze them.
Rule 7
Invest in things that do not expire or have a long shelf life and that provide you with a stable income. Example: Land that you can cultivate and build on it at the same time.
Rule 8
Evaluate the things you want to invest in ,and try to buy them at a discount.
Rule 9
Use compound interest as a tool ,and your ROI/yield should be greater then losses caused by taxes,fees and inflation.
Rule 10
Do not enter in conflict with governments,countries you will LOSE.
Rule 11
People can be greedy,power and money corrupts,accounting data can be faked and companies can use different standards to do the math,and people can lie about the things they want to sell or to get rid of .( Why would you want to sell something that is generating income ? )
Rule 12
Create contacts and educate yourself
Rule 13
Do not let inflation corrode your money ,move it but do not move it to much else you will lose it in bank fees,taxes etc ... money is like water.
Rule 14
Get rid of vices (Smoking,drinking,coffee etc)
Rule 15
If interest is compounding,that means inflation is compounding also.
Rule 16
Optimize your expenses when you invest in something ... find how much are the taxes,fees etc on the thing you want to invest..before you invest in it.
Rule 17
To invest you need capital ,you get it in time with work and sacrifices ,drop by drop.
Rule 18
Value of a thing is given by how much someone wants that thing in a moment in time ,
If i am in the Sahara Desert now and if can't find water in a 1000km range and if don't have a car ,water is worth more then gold.If you live next to a river with clean water ,water is worth zero to you.
Rule 19
Land,Proprieties that are next to intersections/crossroads are worth more then does that are not .
Rule 20
Safe money is more valuable then risky money .
Rule 21
If the investment has a good manager and a low return then the investment is a bad investment .
Rule 22
Invest in people and their skills / qualifications .
Rule 23
Don't invest your money all at once ,life is like a roller coaster.
Rule 24 The Most Important Rule
If your rich,famous,powerful ,beautiful,healthy,loved that does not mean you are smart ,or your parents/family are smart . It's just your fate given to you .
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If i would have listen at the right time ... i would have been rich now .
I can feel serious and listed many wealth codes, but I really feel that it is too complicated, so that it is difficult for me to read from start to finish. If you are a woman, finding a good husband is the wealth code. If you are a man, choose a good industry, such as Bitcoin (recharge your faith and hold it for a long time). This is the wealth code. This problem is too big. You need to know what your inner needs are. Some people think that happiness and health are the greatest wealth. They don't have a strong desire for money, just meet the needs of life. Of course, I understand what you mean. My current method of pursuing wealth is to diversify funds and invest mostly in Bitcoin. |
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I also learned this information through the news: The United Kingdom prohibits users from buying any encrypted assets and digital currencies on Binance.
I don’t feel strange.
1.First of all, there must be a large number of users complaining to Binance. When I was using Binance myself, I also felt that sometimes there were big problems，such as unplugging the network cable, delays, and inability to top up the deposit. As a result, I was blown out. It's more like someone deliberately manipulated it, causing users to make a lot of money at any time.
2.Second, Binance is a centralized exchange. There are many problems. It is not open and transparent. A large amount of our funds are deposited in Binance, but the exchange will use the funds to do other things that Sunshine can't find. , Everyone knows this very well.
3.Third, many bigwigs or people with higher knowledge of Bitcoin and blockchain have repeatedly said it many times-the coin withdrawal movement (transferring digital currency from a centralized exchange to a decentralized exchange).
We also need to continue to follow the spirit of Bitcoin, a decentralized peer-to-peer electronic cash payment system.
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I have participated in many investment projects, large or small. You have to ask me why I invest in Bitcoin. My answer is simple: - 1. I am optimistic about the future development trend of Bitcoin. When a new thing appears, I don’t want Bitcoin and I have no story.
- 2. Because I know that there must be a bonus period in the early stage of Bitcoin's development.
- 3. For Bitcoin, I don't have to pay labor to get paid. The only thing I need to do is to hold it for a long time. At present, Bitcoin brings me far more benefits than other projects.
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Satoshi Nakamoto is a high IQ geek from the encryption and decryption club.
What kind of knowledge system does he have that can create Bitcoin?
At present, it looks more like a great and revolutionary experiment. Bitcoin operates completely independently. From the beginning to the present, there are very few modifications that can be made to him. Since ancient times, only the sky, the earth, the sun and the moon can operate naturally.
This is the first time that humans want to break away from the state of managing people and enter a more advanced smart contract management mode.
Trust between people is no longer a problem, and there are many nodes in the world, and the cost of doing evil is much higher than the benefit.
Sometimes I also think about a problem, Satoshi Nakamoto changes the world, not to become a celebrity or to obtain violence. He disappeared without a trace, so I would ask, what does his knowledge reserve look like? What is his purpose?
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Nothing new tbh. Bitcoin brought innovation, but it doesn't mean that people would accept it as the only one, hence they make more, most of them being suitable for their own purpose, some of them just riding the hype, while some of them taking advantage of the hype to scam others. And hey who knows, there may actually be a better product in the near future, no one can really tell. It's not like every pioneer was the best when they came out, some were easily overpassed by better developers. The start matters, yes, but the one to last till the end is still the winner, whether they start early or late.
No one can predict the future, let the future people think about what the future will look like. Altcoin is a virtual currency similar to Bitcoin, which is generated by referring to the ideas, principles, and source code of Bitcoin. Since Bitcoin itself does not have an authoritative issuance agency or state power to maintain its authority and uniqueness, Bitcoin and its imitators can only get along with each other on an equal footing, and does not have an exclusive status. I may be a pragmatist, a person who lives in the present, and does not think about things far in the future. Of course, I don’t believe in pie falling from the sky, so as long as you are rational and don’t believe in scams, You will not pay attention to altcoins instead of blindly following them. One scam a day, each scam is different |
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For beginners or newcomers to the forum, do not rush to post, because you will not provide valuable information. What you need to do now, do not do things that are more formal than content. In fact, the author is more accurate and familiar with the rules of the forum. Improving your own awareness is the only way. There is no need for an actor here, and you will not get an Oscar statuette here.
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