It being "good" or "bad" will totally depend on how reckless or careful you are with your devices. You download a lot of pirated files and programs? You don't keep your operating system updated? You like opening those weird obscure websites? Then yea you're likely to get screwed in the end. The solution: grab. a. hardware. wallet. Either Ledger[1] or Trezor[2] is good.
[1] https://ledger.com/[2] https://trezor.io/ |
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Obviously Barry Silbert isn't your typical sort of "influencer"(he's obviously not the type that creates shill videos on YouTube), but this is one of the reasons why you shouldn't follow these "influencers". They're shilling for their own good, not necessarily yours.
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I have some of my close friends who said that they now currently "get it", and they are having some respect for what it is designed to do. It makes me happy because the network is not merely for criminals.
Bitcoin has always been mostly used by non-criminals. You know, like any other money/currency! |
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These platforms are great if you're interested in data and metrics, but using it to time tops and bottoms? I don't think so. Yes, these platforms can give you some information on how coins move on-chain, but that's just half of the equation. The far more important metric trading-wise is market demand, which you really can't accurately gauge using on-chain metrics.
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Heavily appreciate the confidence and the skin in the game. But think about how disastrous this would be for the entire family if bitcoin went the other way. This is pretty reckless despite me being really bullish on bitcoin.
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Why not call it adoption? I would call that government adoption. There is literally a government (Ukraine) using bitcoin/ETH/USDT as a currency. This is their official twitter account:
*snip*
Well I mean yeah sure it's technically adoption don't get me wrong, and by a significantly huge entity. When I said " Not sure that I would call it adoption.." I meant numbers-wise(volume of entities/individuals), that I'm not sure if the masses actually went " oh shit bitcoin is actually the solution for xyz" and ended up buying bitcoin for the long-term. But I guess we could say that at the very least some people bought bitcoin/crypto just to be able to donate. How much funds came from native crypto peeps vs the sort of "new crypto peeps" is the question. |
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Yes, they were actually accepting 0 confirmations transactions at some point.
I search a bit and saw some articles about the issue on steam and yes they do accept bitcoin with 0 confirmation which is a mistake accepting bitcoin without knowing about double spend.
For Steam/Valve technically being a business in the technology sector, and knowing that Steam/Valve wasn't some small crappy business back then, that's such an amateur mistake lmao. There might be other reasons why they stop accepting Bitcoin
Safe assumption that it's the fraud problem, and the lack of customer interest after a cycle crash. |
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This is why most of the time, it's not the best decision to get your advice from social media posts like this. Especially with infographics like this whereas the information is compressed into oblivion just so it fits in a graphic, the "advice" is just too broad to tell you anything meaningful. If you want to actually learn, go with articles!(or at least decently compressed information): https://cryptosec.info/checklist/ |
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The question here is, what do we call support? It could be food, water, transportation to a safe zone, and weapons to defend their country.
Depends who you exactly donate to. If we're talking about the donations towards the Ukrainian government directly, then idk. If you want specific sectors like food and medicine, then you can donate to specific charity groups like UkraineDAO. https://twitter.com/Ukraine_DAO/status/1497629935632105475and since bitcoin and cryptos are involved in this we can call it the first Crypto-War.
Probably too much Netflix dude. |
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Not sure that I would call it adoption but it surely gave Bitcoin A LOT of publicity in terms of being a currency/asset that requires zero permission. It's just unfortunate that a lot of people had to realize it only when in times like this — like they had to literally see it with their own eyes instead of just realizing it through studying it.
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in 2017-2018 when I stas that bitcoin was not a big deal.. I DCA each month..bitcoin was under 10k
I keep it there because I think was safe..and it was till the shit happen.
So your 2.4 BTC was worth like 24k back then because bitcoin was cheaper. But then, I assume you invested your money because you think bitcoin was going to be more expensive in the future? And then it actually did. You should've taken a lot of extra safety precautions. But yea, what's done is done. Hopefully you've learned your hard lesson mate; make sure it doesn't happen again in the future if it's the case that you want to invest again. Lot's more future opportunities so don't bring yourself down too much on this. Best of luck! Also, probably read about wallets: https://cryptosec.info/wallets |
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Somewhat useless in the place where you are where networks are down(but so does your digital payment platforms), but obviously very useful in a way that if you can immediately leave that place and go to a country that's at least not(or not yet) affected by the war.
If you're still planning on somewhat staying in the war-inflicted country, then obviously you don't convert 100%. You still need cash for resources.
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Do you have to wait for conflict to take place to remember to be your own bank?  Nope! Always be your own bank. +1 In some potential far-worse cases, you probably wouldn't even have the time to get your funds out of custodial platforms. Being your own bank only in times of conflict is like rushing to wear your seat belt only when you realized you're about to get into a collision. |
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Hindi ko talaga maisip na whales can move the market. Lalo na't most of pump and dump ay based on TA or technical analysis. For me, it's price manipulation is more likely about people who has influenced, government and current events kase price of crypto ay bumaba or tumaas depende sa kanila tulad ni Elon Musk, na naghype ng various tokens at may capability pa syang idump yun by producing a negative info dun sa coin. Also, government banning cryptos at yung current event na nangyayari ngayon between Russia and Ukraine.
Again, Para lang sakin yun, pero when it comes to low popular coins, malaki ang impact ng mga whale sa price at kaya nilang manipulate ang price nun.
A lot more of whales can influence the market, than move the market. Kumbaga kung tumataas ang price, kaya nilang tulungan ang pagtaas nito, and same thing pag bumababa ang price. Ang misconception is ung akala ng karamihan e literal na kaya ng mga "whales" na dalhin ang presyo ng bitcoin sa kahit anong presyo na gusto nila. And funnily enough, nagrereklamo lang ang mga tao ng "wHaLe MaNiPuLaTiOn" pag pababa ang price. Pag pataas, automatic "adoption" daw. |
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Probably try reporting to the authorities. You've probably lost enough money to make hiring a lawyer worth it.
But really mate. I wouldn't want to kick you down as you've already lost money, but with 2.4 BTC why don't you have a hardware wallet? And worse — of all choices, you've decided in using a closed source wallet software.
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Last year they did allow NFT trade [1] on their platform without create any rumor or hype, they didn't made any official announcement.
Understandable in this case. All those big platforms that announced integrations with NFTs or cryptocurrencies in general has been shat on by the public on social media. A perfect example would be Discord a few months ago LOL. https://techcrunch.com/2021/11/10/discord-nfts-crypto-jason-citron/ |
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If people say that Bitcoin can be used to "save" a certain something, most of the time people don't mean that it can literally replace it 100%, or that it literally doesn't have drawbacks. Bitcoin in it's current market state obviously can't be a permanent solution for most problems, yet.
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Really decent concept, but the listed APYs are just so broad that it's almost barely useful. Perhaps try writing a script that could scrape the APYs off their websites like every 15-30 minutes or so?
Also, your domain looks so scammy. You know those bitcoin scam HYIP sites? Yea, I'd think your site was one of those if I only look at the domain. Opt for a .com/.org/.io domain. I checked for you, bitcoinapy.io and bitcoinapy.org is available. Not the very best, but far better than what you have right now.
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Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media. And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Could literally be anything. Write these down on a piece of paper and throw a dart at it: - whales buying - institutional investors buying - Russians buying - Ukranians buying - aliens buying - Tupac Shakur buying |
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I’ve seen people ask about this before in the sense of will bitcoin run out because of so many millionaires and billionaires buying it up and making it next to impossible to find. I personally don’t think this will become a legitimate issue any time soon. Maybe eventually down the road, hard to say though.
Any time soon? more like ever. What are the possibilities that literally not a single person is willing to sell some amount of bitcoin? Literally zero. As demand soars with little supply, the price will increase, but there will always be some bitcoin that's going to get sold. At what price, is the question. |
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