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41  Bitcoin / Bitcoin Discussion / Re: Another opportunity is coming, a time to hold on: November 17, 2022, 10:07:40 AM
One thing I have realized of is the fact that Bitcoin price is unpredictable and waiting for a certain period or cycle may sometimes be fruitless waiting and the next bull run can happen at any time.
So the best thing to do is to always prepare ahead and hold more Bitcoin because you never can tell when the next market turn will happen.

Not really. You can predict the market movement. It depends on how much you follow the information field and can draw conclusions based on it. If you say that, then you are not studying enough all the news that can affect the state of bitcoin.
42  Bitcoin / Bitcoin Discussion / Re: Is it safe keep my money in cloud? on: November 17, 2022, 10:06:50 AM
Many people said google and one drive ia very safe cloud in the world
Google is the most insecure and very low privacy search engine, those people are really dumb to say Google cloud is very safe lol. Using cloud is just like trusting to unknown person about your data or any files that you upload to cloud. In Bitcoin, we're trying to get rid of trusting third party since trusting someone isn't enough, we need to verify them. Since we can't verify a human brain, we can only verify the code.

You're right, of course, but you're overly hating Google's security level. Data stored in the cloud is almost always encrypted. The cipher must be cracked before an attacker gains access to the information. The location of such encryption keys varies depending on the storage services.
43  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Cash which is more secure on: November 15, 2022, 03:18:17 PM
Bitcoin is definitely more secure in a peaceful, modern society, in which everyone has free access to the internet and is not enslaved by a dictatorship like in North Korea where you are cut off from anything not approved by the government. Although even in such a dictatorship, people would find ways to keep Bitcoin alive and running.

Now, if the scenario were to be more drastic, like for example, WW3 and the collapse of everything and people would not have an internet connection then in such an extremest of cases, cash would be more useful, short term.

But I am planning for the future not for the apocalypse. So Bitcoin all the way.

Your thought is correct and logical, but the question is about security, and in terms of security, cash is the most dangerous type of money storage, both in peacetime and during the apocalypse. Because robbery and other illegal activities are still present.
44  Bitcoin / Bitcoin Discussion / Re: I want sell my house for bitcoin on: November 15, 2022, 03:17:25 PM
Do you think it's good that I sold the house then I buy bitcoin with all the money?
because in my own calculations, my house value didn't increase in date year by year. the value is still stagnan, it's different when compare it with bitcoin, I will got 3 house when I sold my house then buy bitcoin with that money in 2018 and sold it again on ATH november 2021.

(I have 2 house, which I want sell it is abandoned house)
Only you can decide what to do in this situation, but in fact it is a very risky action, because real estate is your property and you can rent it out and make a profit, and invest the profits in bitcoin, it would be more prudent for me, in fact, I would do so. It seems that everything looks right, but you understand that every investment is a risk, anything can happen.

Well, listen, even the thought of such a decision suggests that a person underestimates the whole situation, and this threatens with very bad consequences. It is difficult to imagine what will happen if Bitcoin continues to fall in price.
45  Economy / Economics / Re: Has the popularity of bitcoins reduced interest of people in stocks? on: November 15, 2022, 03:12:30 PM
I don't think. Crypto is now on the hype, and its popularity is higher, so the shares have now disappeared from the information field. But this is temporary. And many people are still investing in them. I will say more, some observe some kind of relationship between stock and crypto charts, and use it.
46  Bitcoin / Bitcoin Discussion / Re: How important is BTC to the Society? on: November 11, 2022, 03:03:05 PM
Bitcoin is an important idea, that has been implemented. It shows that money doesn't have to be issued by the government, that online transactions don't have to go through an intermediary, that no regulating authority that works on stabilizing the price and working on supply is needed. This is a big transformation of the idea of money, and it happened largely thanks to Bitcoin. As for how big it is in terms of direct impact, it depends on a society, I think. In some countries, Bitcoin is more popular, in some it is barely known. In some cases, it's used as money, in others it's used as an investment or as something to gather international donations in. But let's remember that Bitcoin can't fix the global economy or solve difficult issues. It shows that something out of the ordinary is possible, and it can empower some people. But it's not a magical fix for everything.
I agree with your thesis, but it's not really about the importance for society. In more detail, its importance lies in the simplicity and ease of transactions and security, with the help of which it is faster to make payments for the necessary goods, which is very important for some businesses, for example.
47  Bitcoin / Bitcoin Discussion / Re: Is bitcoin really the future of money? on: November 11, 2022, 03:01:58 PM
Undoubtedly, many regard bitcoin as an investment, and not as a means of payment, which is not very reasonable in my opinion. But the rest perceive it as a means of payment, and the importance of its rate lies in what you can buy for a unit of this currency. Therefore, its value is important here.
48  Bitcoin / Bitcoin Discussion / Re: How important are exchanges? on: November 10, 2022, 12:41:23 PM
In my opinion, for now the exchange is very important in the development of bitcoin, the reason is because bitcoin has not become a means of payment, if done p2p, it is too dangerous at this time, fraud will always occur in every transaction. even though p2p is the same as an exchange
I don’t agree, bitcoin perfectly fulfills the functions of a means of payment, and a lot of businesses are starting to accept cryptocurrencies as payment for their services. As for exchanges, in addition to the advantages described earlier, I can add that exchanges allow new users to simply buy bitcoin and understand what financial situation it is in.
49  Bitcoin / Development & Technical Discussion / Re: What is the best language to write a miner in? on: November 10, 2022, 12:37:14 PM
The one you're most comfortable writing with. Most of the time the language you use doesn't matter, most systems have APIs that allow you to call other programs in other languages too (like how python's os module lets you run command line tasks).

If you're fairly new to programming there's ups and downs to using langiages that are statically typed (like c based languages and java) and ones that are dynamically typed (like python).

If you find you're very comfortable (/enjoying) programming one specific language, whatever it is, write it in that. If you don't care, you could always try both types.


What is the best language for hash generation speed? Is it worth learning C++?


As already mentioned here, it all depends on your skills in this language. Python was recommended here before. I would still prefer this language. It makes it easier to manipulate data. And it's easier to learn.
50  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Repeat History ? on: November 10, 2022, 12:35:41 PM
I am looking the charts of bitcoin to make some trade on it and found a historical turning point on it what you guys are thinking about it check and leave your opinions.

https://youtube.com/shorts/tycNLzRi44o?feature=share

Thanks Smiley Smiley
For a course of 4 years and seeing the history on how it did really end up or the path that it did take then we can really presume that it does really have high chances that we might be seeing on the same path
on upcoming years to come, but it cant really be that an assured thing that we would be seeing some high numbers but lets hope that it will but make yourself that prepared on whatever things might happen ahead.
There's no assurance once you had invested on this market where it cant really be assured whether we would really be making huge profits on long term or not.
So if you could put up some risk on accumulating and holding bitcoin for too long then its up on someones choice.

Bitcoin is getting more and more popular every year. In this regard, its price now depends on more factors (politics, commerce, the energy crisis, huge inflation in America) than before, and now they are much more inhibiting its growth. I agree with you that bitcoin is cyclical, BUT it will take a lot more time now, waiting for the bull market.
51  Bitcoin / Bitcoin Discussion / Re: What problem does Bitcoin solve? on: November 10, 2022, 12:26:29 PM
For me financial freedom, letting us earn comfortable with whatever device we are using as long as it have an internet connection.
And I know some people who use crypto as their savings we trust it more than Banks and believe that it would be more profitable than letting our money sit on our Bank accounts.
Technically, you are probably right, bitcoin is excellent as an anonymous, fast means of payment that is not as affected by inflation as fiat currency. But in the bank, your savings don't change as fast as bitcoin. And therefore, someone is more comfortable keeping their money in bank accounts.
52  Bitcoin / Bitcoin Discussion / Re: Is Bear Market More Important Than the Bull Market? on: November 10, 2022, 12:20:59 PM
Bear markets always tell opportunities for those who are late. For me, that is how it's supposed to be.
If by any chance you pull some courage to purchase then do so. There are investors who now regret they didn't buy at this stage or the other timelines where Bitcoin was cheap. I won't be a hypocrite because I am part of that regretful people.
We might not know where Bitcoin will go in the next year or a couple but I am sure it always goes back and more.
Bear market and bull market bring out different opportunities that will make us all profitable in the long run. Just always buy when there is bear market and take time to sell when there is bull market, that way you will never end up losing. However, the sad part is we don’t know actually the bottom price to buy and the peak price to sell, that some end up selling and buying at a wrong timing. But one thing is certain, we may commit mistakes and losses for some time, but eventually we learned from it and get through it.

Some people argue that the bear market is a correction, but things are not going well. But trading currency, you can always have a profit.
For example, wait for a significant drop in bitcoin price, usually by 5% or more. Buying during such dips almost always guarantees a profit when the rise follows.
53  Bitcoin / Bitcoin Discussion / Re: All I need to teach my employees about Bitcoin on: November 10, 2022, 12:18:15 PM
It all depends on what kind of business the author has and what kind of employees. Seniors need more time to understand new knowledge, especially in the field of cryptocurrency. Young employees will be much easier to get with new technologies. You can talk about other ways to get paid with crypto. About crypto processors like SHKeeper - https://shkeeper.io/. To make the knowledge gained more relevant.
54  Other / Archival / Re: I don't want to buy cheap bitcoins, I want to buy expensive ones on: November 10, 2022, 12:12:40 PM
This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.

They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)  Roll Eyes


This behavior can be understood. The question here is not the desire to buy cheaper. You can't know for sure that the price will go up when all the arguments point to the fact that a recession is happening now. And buying now is a risk for many. The last time bitcoin fell, but everyone understood that it would soon go up again. Now its growth is slowed down by additional factors not there last since bitcoin was not so popular.
55  Bitcoin / Bitcoin Discussion / Re: Is regulation really inevitable? on: November 10, 2022, 12:10:45 PM
For me, every government and bank is corrupt, I will never be able to change that, the only way that I believe in a government is that it be an AI that is completely impartial and is for everyone the same, this is something that will not be for now, but I think that in the future yes, if they regulate bitcoin it is because obviously it can end the entire world economic suisetme, that is the reason and because of the lack of control they have over that technology, if we see it that way that is why there are regulations, but the boniernmos they cannot contain all that because it is inevitable that all this will come to the countries, bitcoin is already worldwide, the adoption is already there, no one can deny it.





It sounds like some kind of nonsense. How do you think AI should regulate the exchange rate? The value of each currency is determined precisely by events in the world. And these events can be deliberate and beneficial for certain people. And this, unfortunately, cannot be changed.
56  Bitcoin / Bitcoin Discussion / Re: Sports and entertainment industries could play a big role in Bitcoin adoption. on: November 10, 2022, 12:08:40 PM
Sports and music can have a big and important role in the dissemination and development of the Blockchain in general, and not Bitcoin in particular, because as far as I know, no sports clubs or music companies have adopted Bitcoin, but rather they have made their own coins, most sports and music teams have their own tokens that their fans buy To make donations or buy tickets, team products, etc. to support the team through these tokens. So I don't see any significant role these sports and music teams could play in the adoption of Bitcoin.
Honestly that means they have been part of the blockchain revolution and that is fine enough for me. Having your own token as a sports club means that you could actually give part of the club to the fans, and in return they would have some say in the club. That’s a good thing, it allows people to be part of something bigger.

Like the rewards system, they could buy a good number of tokens, and then get tickets cheaper, or a jersey for cheaper, or could buy some tokens and meet a player etc etc. These are all great incentives, giving the team a good amount of money, and also making the fans a lot happier to spend their money knowing it goes directly where it should be.

As for tickets, or various attributes near the football club, I agree that it would be very profitable. But the opportunity for fans to take part in the management of the club seems to me not very correct since they may not understand the full picture of what is happening, etc.
57  Bitcoin / Mining / Re: Difference between cloud mining and hosted mining? on: November 08, 2022, 03:13:16 PM
I have no idea what the difference between the two is because I am not involved in mining. I directly invest in coins, but I'm curious about the differences between the two in case I decide to start mining.

You can also invest $50 in cloud mining. And each mining hosting has a minimum amount of equipment that you should have, for example, 10 ASICs at least. Both options are very risky.


You invite a person to invest money without explanation? How will this help him understand the technical side and the differences? He's asking about something completely different.
58  Bitcoin / Bitcoin Discussion / Re: No Alternative to Bitcoin, Your Alternative is Bitcoin. on: November 08, 2022, 03:11:46 PM
People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.
If your investment decision are influenced by anyone else then you should not make any investment at all because you don't want to make your way and just put your savings based on someone else influence and this is how whales and influential people take advantage of these people to manipulate them and make them beleive btc is going to zero and all that nonsense things.But they need to realise that it has lot of potential to grow and give returns to them even if they don't understand the charts holding will pay them off in the long run.


I don't think he meant investing. He just described the current trend and how the bear market affects how he earns in crypto. As for me, bitcoin should not be considered an investment at all. It is an excellent technological solution in the field of digital payment, with a specific rate, which, due to its volatility, allows you to buy more at one time for one unit of currency, and your task is to understand when the most favorable moment for profit is.
59  Economy / Speculation / Re: Bear market likely over? on: November 08, 2022, 03:10:19 PM
I'm not sure I feel that bitcoin hitting the 20k range is really a "bounce-back" nor do I have any level of certainty that we are out of the weeds at this point. I think a lot of it will continue to depend on global politics and global markets, as long as both of these aren't doing so well, I think we will continue to see the price of bitcoin lower or remain most stagnant.

I do have to say however, it's impressive as hell that bitcoin has hovered around 19/20k for as long as it has, shows maturity!


The energy crisis is also having a solid impact. I think that now there is a slight correction, following which it will become clear exactly where the price will move. The words of the author of the thread, "Bitcoin will reach a historical maximum by the end of the year," sound crazy.
60  Bitcoin / Bitcoin Discussion / Re: investment in bitcoin should be short term or long term. on: November 07, 2022, 04:12:18 PM
i am a newbie in bitcoin, and i plan to buy bitcoin,, and will invest in bitcoin, and i want to ask everyone? if investing in bitcoin is it better short term or long term??? but in my opinion, long-term investment is better, but what do you think?
If you can buy Bitcoin in current state then I would say it must be a long term investment. Bitcoin's next halving will be in 2024, and Bitcoin is expected to reach between $100k and $200k there. However, we have seen the highest limit for Bitcoin at $69k Considering this aspect, you must make long-term investment. So those willing to invest in Bitcoin right now should buy Bitcoin and hold it for the long term.

I would not bet on this since the price of bitcoin is still very much influenced by many factors, and no one knows precisely what it will be in 2024, especially newbies, which is the author of the thread. This may turn off many. I would not consider bitcoin - as a long-term investment for beginners.
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