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421  Bitcoin / Bitcoin Discussion / Re: Finally ETF approved on: January 11, 2024, 12:03:31 AM
Gary Gensler's tweet was giving a negative signal or suggesting that the approval would not take place, in addition to denying yesterday's tweet and saying that the account had been hacked. Perhaps all that was happening was that the employee had announced the approval before its date, but why did the price not react positively to such news? I was expecting a continuous rise during the first two hours to break $50,000 but we are still far from $48,000.
422  Economy / Economics / Re: Will the world soon become tired of the US dollar? on: January 10, 2024, 05:08:36 AM
The currencies of these countries are affected by dollar in one way or another, and theهق dependence may different. even if the BRICS coalition tries to change this equation, it will find it difficult due to the difference in markets. The Kingdom of Saudi Arabia and the United Arab Emirates have their currencies linked to a fixed value of dollar, Argentina has hyperinflation, and Iran is being economically besieged. China has exposure to US bonds. India is closer to an alliance with the United States due to exporting products to Europe. All of these countries need the dollar, but their alliance is a way to reduce exposure to the dollar, and perhaps after decades the use of the dollar in international trade and the sale of oil will cost less than 50%.
423  Economy / Trading Discussion / Re: Cointelegraph has the worst price analysis articles on: January 10, 2024, 04:58:42 AM
I created a similar topic several weeks ago Do not rely on articles as resources to learn Bitcoin

For many months, I have warned that Cointelegraph articles contain a lot of false, misleading information and should not be taken into account if you intend to trade or invest. They publish all articles to obtain paid advertisements.

Cointelegraph is not used as a reference or source for technical data, the staff writing these articles often have limited programming background and they only transmit online content which may be wrong or inaccurate.


Cointelegraph is not a source of knowledge, the technical articles on this site are not accurate or not verified so do not rely on it as a source of information.

Shouldn't the social media team who published false articles from Cointelegraph be held accountable? The argument that the X account is a scam and the platform has followers is considered flimsy. Can an article writer not distinguish between Twitter accounts, and can this be considered manipulation?

Every two months, news sites include this news. I don't know if it is FUD, or they cannot find new news, or there is an update to the news.

https://cointelegraph.com/news/bitcoin-mt-gox-repayment-date-looming-is-bitcoin-in-trouble

These are links to four news reports that gave four different timings and all of them were not correct. Google contains hundreds of such articles.
The only constant is that they may get their money, but the question remains when.

424  Bitcoin / Bitcoin Discussion / Re: Hold than trade. Just don't use leverage, futures. on: January 10, 2024, 03:56:59 AM
When you trade with leverage, you are already aware of the losses that come from it, and if you are not prepared, it is better to trade via spot and place buy and sell orders according to the levels of support and resistance and stay away from trading according to news and leaks, which appear to be of poor quality in cryptocurrencies trading. price did not move very negatively so it is a lesson you should learn and it is not an expensive lesson.

425  Bitcoin / Bitcoin Discussion / Re: SEC Grants Approval For Bitcoin ETFs, or not. on: January 10, 2024, 03:33:30 AM
It was a hoax people.

According to Gary Gensler:

The @SECGov  twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
Is this considered a rejection, i.e. the final decision, or is it a denial of the tweet? The wording of the tweet denies the entire news, not the text of the tweet.

Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.
Not only hacking, but in the time of hacking. If there is a hacker who was able to access the account at a time when he might gain profits from publishing a tweet, this means that he can access the account at any time.

Hacking government Twitter accounts seems like an easy thing.
426  Economy / Trading Discussion / Re: What is the difference between crypto trading and traditional stock trading on: January 10, 2024, 03:10:09 AM
What is going on in crypto trading is investors trying to speculate on the price of Bitcoin, meaning the end result is a way to get more Bitcoin, while in stock trading the goal is to create funding and additional financial value for the company or entity with the aim of reaching more liquidity.
The differences are very numerous, the simplest of which is that in stock trading there are protective measures against manipulation or high risks, so that profit or loss is fixed, while in crypto trading, you are trading in high-volatility assets, and there is no fixation of your profit or loss unless you place the appropriate order at the time, if you are not present. The altcoin price may have lost 70% of its value.

Since stocks and Bitcoin are completely underdeveloped, investing in both is good for those who want diversification.
427  Other / Meta / Re: Username and account number change on: January 10, 2024, 02:45:50 AM
If the reasons are related to privacy, you can request that your account be deleted. The username will become anonymous and the account number will disappear. Then you can create a new account with a new username or reuse the old username (I don’t know if that is possible, but I think)

Without deleting the account, there is no way to change the account number a.k.a user ID
428  Economy / Economics / Re: Real Time Data that shows me how many adresses have less/more BTC than I do on: January 10, 2024, 02:37:43 AM
just want to see what is missing to be in top 0.1% / 0.5% among BTC holders, of course it's just a estimate, but nice to know Wink
Do not forget that some of these addresses may belong to one person, so you cannot know the real number at the individual level. The best guesses you can get from CEXs data.

So let me ask you OP if you don't mind, how much Bitcoin do you have on your wallet? I am just curious though it's none of my business but yeah just want to know. I personally have like 0.003+BTC on my wallet and I am planning to save it for future purposes. As long as I am enrolled to a sig campaign Bitcoin will keep on coming. 😁
What does this have to do with the topic? It is not possible to know how much Bitcoin you own because you can create thousands of wallets, and if you manage an entire node using Tor, no one will be able to link all your wallet addresses.
429  Bitcoin / Bitcoin Discussion / Re: Bitcoin's 15th Anniversary: Nearing Maturity in a Turbulent World on: January 09, 2024, 09:13:45 AM
There is a misconception in mining. Just because we have mined 90% of Bitcoin, this does not mean that the price will be high because there is only 10% of Bitcoin being traded, but its effect extends to the return from the block, which is affected by halving, but after 20 years the price will be stable and the increase in supply and demand will not. It is affected by the four-year cycle, but we need trillions of dollars to see an insane increase.
430  Economy / Economics / Re: Real Time Data that shows me how many adresses have less/more BTC than I do on: January 09, 2024, 08:53:51 AM
Let's say I have 5.5 BTC and want to know as of today how many adresses have less/more than that. Is there a site where can I check that?
On this site there is like 1-10 BTC but of course that is quite a difference if you hold 1 or 10 BTC Smiley

How many active wallets are there that have bitcoin as of today?
You can find all the details here List of all Bitcoin addresses with a balance and List of all Bitcoin addresses ever used - weekly updates work again!
Through it, you can know the number of Bitcoin addresses that have a balance, whether it is a specific balance or any number you have in mind, and all the details. Unfortunately, it is raw data and therefore requires some knowledge if you want it in the form of charts.

If you plan to pay or do not have technical knowledge, Glassnode - On-chain market intelligence has all the schemes you are looking for, except that it is a paid service.
431  Other / Beginners & Help / Re: More reason you should protect your privacy and anonymity as a Bitcoin holder. on: January 09, 2024, 08:34:43 AM
using passphrase may be useful in avoiding situations where you cannot hide your money.
I don't get your idea here.

"Hide money", what's it?
BIP39 Passphrases designed to reduce risk in the event you are exposed to a physical threat, you can give them your wallet seed or HW pin code. They will enter it and find your balance, but you will leave a small amount as a balance. Once they are gone and you know you are safe, you can enter your wallet seed + passphrase here and you can access all your funds safely.

Therefore, instead of losing all your money or not giving them your wallet seed, you can make them believe that all you have is $100 or a little more while your entire balance is hidden by passphrase.

432  Other / Beginners & Help / Re: [Warning] Fake Ledger wallet update email with phishing link. on: January 09, 2024, 05:48:39 AM
Since Ledger Wallet announced the possibility of sharing email with third parties, it was better to use a temporary email with all of their services. Having your data reach a third party will increase the possibility of it being leaked, hacked, or sold without there being a legal issue for Ledger.
There is no real benefit to using a personal email with their services, and it is best to stop using their hardware wallets.
433  Other / Beginners & Help / Re: More reason you should protect your privacy and anonymity as a Bitcoin holder. on: January 09, 2024, 05:19:06 AM
It's not new that Bitcoin, a decentralized system, offers users more privacy compared to other cryptocurrencies. Many people choose to invest in Bitcoin for this reason. Privacy is not just about keeping our identity from the public or government; there are other benefits. In a recent incident, a Russian miner was kidnapped and demanded a ransom of 15 million rubles ($166,000). A very large amount right?
How can privacy be protected in this case? From what I understood, he is a miner, that is, someone who runs a Bitcoin mining farm. This farm may be large (due to the ransom amount) and it is difficult or impossible to hide it. This crime may not be related to cryptocurrencies, and it was not mentioned they demanded the ransom in Bitcoin or Monero.

What I'm trying to say is that privacy is important and you should be careful that the public does not know your crypto assets and using passphrase may be useful in avoiding situations where you cannot hide your money.
434  Other / Archival / Re: From Fiat to Bitcoin through a Flatcoin on: January 09, 2024, 04:58:55 AM

Just to clarify, the idea of this flatcoin concept is not to be a Bitcoin replacement, nor a proxy token. It's purpose is to allow for a stable transition regarding volatility. A flatcoin can be a mean for the mass of people to migrate to bitcoin by avoiding both fiat inflation and bitcoin volatility.
1) In the white paper, you defined the Virtually Hybrid Token VHT, which is a stablecoin based on the dollar, and it is not much different from LUNA, and the guarantee is the BTC pool, which wll be bad if the Bitcoin reserve decreased severely, which made it impossible to guarantee the stability of the exchange rate. How will you solve this problem? (If your clients have a lot of VHT and the value of Bitcoin decreases, you need more of it to maintain the price of the stable currency.)

So instead, decentralized ideas exist, such as L-USDT as a sidechain on Bitcoin, or centralized solutions as I mentioned above.


2) You did not solve the problem of price fluctuations, but rather invented a new stablecoin similar to Luna, and as users experience with such stablecoins, they will prefer DAI or USDT/L-USDT or even above token idea.
435  Economy / Exchanges / Re: SouthXchange closing you have less then 30 days to get your funds out. on: January 08, 2024, 04:04:41 AM

The lack of communication to people with accounts there is awful. Nothing on their home page, nothing in the trade pages. Guess they are hoping to just pack it up Feb 1 and keep what is left.

This seems like an exit scam than a regulatory restriction. They have been operating since 2015 and are based in Argentina. The 15-day period for withdrawing funds does not seem sufficient, and some people will inevitably be surprised that their funds are still there. In many cases, the withdrawal permission is 6 months or a year after submitting a request or Communication with a third party.
436  Economy / Economics / Re: Imagine African countries using Bitcoin to pay salaries, on: January 08, 2024, 03:38:01 AM
Paying salaries in Bitcoin, in a country where there is a high poverty rate and where the population needs to spend 90% of the salary directly, is useless. Most of the population cannot keep Bitcoin as an investment and therefore will not be able to benefit from price fluctuations, and the high Bitcoin fees may wipe out most of the salary.

With a fee of 47 sat/vB and assuming that the person will make an average of 3 transactions and that the transaction is 1 input 2 output, he will need about 21 US Dollars per month, while the average salary in Nigeria is around 30,000 NGN (69.17 US Dollars) according to https://www.timedoctor.com/blog/average-salary -in-nigeria/

We are talking approximately 1/3 of the salary in transaction fees  Smiley Smiley Smiley

If there are social security or pension funds where workers' salaries are deducted and kept, then Bitcoin can contribute to mitigating the effects of inflation.
437  Other / Archival / Re: From Fiat to Bitcoin through a Flatcoin on: January 08, 2024, 03:26:51 AM
According to what I understand, flatcoin is suitable to be a stage more than being a currency, meaning a stage in which the transition from fiat money to Bitcoin is then burned. If that is the case, then Bitcoin does not need this stage and it is implemented when some party bans Bitcoin, then the company does the following:

1) Create Token X and allow transfer to it.
2) Possibility of converting from TokenX to Bitcoin and vice versa.
3) Possibility of withdrawal.

This model was popular when PayPal was banning Bitcoin. At that time, PayPal balance was converted into tokens, and then you could convert the tokens into Bitcoin.
438  Alternate cryptocurrencies / Altcoin Discussion / Re: unconfirmed block reward from 2009 - 50 BTC - REWARD 0.1 BTC FOR HELPING on: January 08, 2024, 01:53:52 AM

But im thinking.... why not creating a bitcoin fork to include all orphaned coinbase tx since genesis block up to this date?
The code is open source. You can do that and recover the 50, but I doubt that it will have a value, or at least equal to 0.1 Bitcoin.
If you broadcast that transaction at that time and received Bitcoin at your address, then you could access your money, but the work was not done, and in Bitcoin there was either a return obtained or someone else obtained it.
439  Economy / Trading Discussion / Re: Does this Qualifies you to give non-professional or semi-professional financial on: January 08, 2024, 01:29:05 AM
keeping Bitcoin does not make you an expert in Bitcoin. Just like winning the lottery, it does not make you a person with deep knowledge of money or you can start a successful project, unlike someone starting to build his wealth from scratch. Do not provide advice on a topic if you do not understand its dimensions, especially if it is investment advice to someone who may lose his savings because of your advice. Bitcoin as an investment is a high-risk investment, and without realizing the dimensions associated with it, it is better for it to be a long-term investment and not to expect to be rich just by investing a small amount.
440  Economy / Trading Discussion / Re: Step you have to take before venturing into the market on: January 08, 2024, 01:21:44 AM
These steps are supposed to end with a simple answer: Do you want to trade or not, thus reducing the risks, but they will not benefit you much since you have made up your mind and want to trade, but they remind you of the risks of trading. The necessary advice, in my opinion, is to have experience in creating a demo account and experimenting with trading, and I am certain that the results in the medium term will give you a better understanding of what trading is, and then you will have more logical reasons to accept or reject trading based on personal experience and not based on the analyzes of others.
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