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4461  Bitcoin / Bitcoin Discussion / Re: Would you transfer 700BTC back in their hands? on: May 21, 2021, 01:13:20 AM
There is no point keeping what is not yours, much less arguing that the money wrongfully sent to your wallet is already yours. Secondly, this is not a small amount. You'd be tracked down and sued. You might even end up in prison if you get caught. It is best to just return the money, avoid any unnecessary legal battle against a wealthy company, and probably receive a reward.

On the other hand, have we not heard countless of times of stories where clients end up sending a coin through the wrong network but were not extended help to by the platforms they're using?
4462  Economy / Exchanges / Re: WTF BINANCE YOU SUCK! on: May 20, 2021, 03:42:53 AM
It was unfortunate. That was a very attractive price, after all.

I wonder why almost all trading platforms crashed at that point. Probably it was about their servers failing to contain the heavy traffic? It was not only Binance. Accordingly, the same happened to Coinbase, Kraken, Kucoin, Crypto.com, and probably more others.

I read even coinmarketcap and coingecko went through the same thing.
4463  Bitcoin / Bitcoin Discussion / Re: May 13 is crypto Rugs Giving day on: May 20, 2021, 02:58:14 AM
It appears we can be argue that Vitalik Buterin’s large donation of dog themed tokens to India’s covid relief fund might have changed their government’s stance on the cryptospace hehehe. Those useless meme tokens might have saved thousands of lives.

There may or may not be any connection at all but I guess if the regulating authorities themselves heard of a crypto donation amounting to more than a billion in USD for their country's COVID relief fund, it might be possible for them to revisit their earlier inclination against cryptocurrency. Vitalik's action must have been interpreted as a sort of a goodwill.

As to who's the hero and the villain between the two, the answer is obvious.
4464  Economy / Speculation / Re: Catalyst for recent bitcoin dump on: May 20, 2021, 02:27:46 AM
It is always a combination. But Elon might have indeed triggered it. I'm more than sure things would have been a lot different today had Elon not made that infamous decision.

Anyway, even before Elon released the statement that Tesla does not anymore accept Bitcoin, there was already a correction. It was long overdue, but I guess the overall sentiment was still bullish.

It was only when Tesla's news started spreading around that the price started to spiral down. However, I suppose the severe dumping was not caused solely by Elon. It was largely caused by the spaghetti hands who are reacting emotionally to the news.
4465  Economy / Gambling discussion / Re: Poker Freerolls or Tournaments with Guaranteed Prize? Or what's your preference? on: May 20, 2021, 02:01:26 AM
Poker is mostly about showcasing your skills and strategies against other players. Poker is all about a competition of who has the most brilliant techniques on the table. At least, I am talking about poker players who are already in the game for some time. So I probably would be more interested in guaranteed prize tournaments rather than free rolls.

But if you're trying to just get the hang of poker, then free rolls might be enticing to you.

So it probably depends on your level of poker confidence.
4466  Alternate cryptocurrencies / Altcoin Discussion / Re: pleas heeeeeeeeeeeelp me :(((( on: May 20, 2021, 01:38:11 AM
I guess it went straight to your address. I suppose this is not a single-use address. The token would still be in your possession.

Anyway, you've opened this thread just hours ago. Looking at your transaction history with this given address, 0x2314794E8570B98D0a42B67e746FBBfd0f3df28F, the last 9 of them all failed because you have not provided enough gas.

I suppose the specific transaction you are asking about in this thread is one of those failed transactions.
4467  Economy / Economics / Re: The Reason Bitcoin Investment will be preferred more than Oil on: May 20, 2021, 12:59:22 AM
Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.
Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.
And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.
As for the faster growth of the price of bitcoin compared to oil, I would like to argue that the fall of bitcoin is also much faster Wink

But if the former is true then the latter would not be a problem. In other words, if the price of Bitcoin falls much faster than the price of oil, then I guess it would also be compensated by its faster growth. Well, that's the reality with Bitcoin's price fluctuations. Its price could fall 30% today but could also rise 50% tomorrow.

As to oil, they've made history by registering a negative price.
4468  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: May 19, 2021, 02:16:02 PM
This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.

But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
He's got everything he needs to manipulate the market, he's a successful businessman with several companies under his name. Since the cryptocurrency market is decentralized, thus he faces no consequences for his actions, his only goal is to profit from his actions, taking advantage of the current volatility. I think he is starting to annoy the crypto community, it has definitely irritated me.

Bitcoin was a trillion dollar market before Elon announced Tesla won't be accepting Bitcoin payment anymore. Tesla claimed it has purchased a billion and a half worth of BTC. Although it is already a huge amount, it is far from an amount that could solely sway the market in whichever direction Elon wants to.

Whether we like it or not, what largely contributes to this dump right now is probably not Elon but the weak hands who are panic selling, those who are reacting to an ignorant tweet, those who got easily emotional by a single company's decision to pull out their support from Bitcoin.
4469  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Disappearing At Least Until 2140. HODL! You Have Diamond Hands! on: May 19, 2021, 04:04:12 AM
Never mind 2140, that's still more than a century later. Even before that time comes, all of us have already perished from the face of the earth. Not to mention that technology is quite fast.

I guess it is better to look forward to a time when we are still here and could even enjoy the fruits of our persistence to HODL. In other words, a shorter time frame.

Why not look forward to December of 2021, then? I guess by that time, we are already seeing Bitcoin in a 6-digit figure.

You are right, 2140 is such a long time that even some of the next generation may not witness, better to focus more on the near future,  right now people just panic sell without looking at the bigger picture, what is the point of panic selling when market will recover slowly after all this drama,  whoever sell now will probably be buying higher when things are back to normal.

I guess it is human psychology. When something's there in front of you, it won't be much appreciated or perhaps misunderstood. When it's gone, it would be terribly missed and much appreciated. People would look at it in hindsight and regret for the inaction or wrong action over it.

This is the same cycle in Bitcoin. People would either panic sell for a FUD or not buy during the dip. Full recovery comes and people begin to feel FOMO and ask if they're already too late to enter. Others wouldn't buy during a rally because the price is already too high, but are also weak enough to buy the dip because they're imagining more dips. Others would buy during a rally and sell during a correction. It is this psychological weakness which makes them constantly face regret in the end.
4470  Bitcoin / Press / Re: 2021-05-12 CoinDesk - MoneyGram to Allow Bitcoin Buying and Selling on: May 19, 2021, 03:28:06 AM
I think that the market has lacked such news lately. The more there are, the faster we will recover from the "Great Manipulator" and return to gradual and reasonable growth. I hope this is not the last positive news this week, and as many of these companies as possible will open this buy and sell option to their clients in the near future. We need to move on and not listen to those who just want to deceive everyone.

There are actually a number of good news lately. However, it seems too much weight was being assigned to an uninformed tweet of a sarcastic influencer. Apparently, unstable newbies who are as uninformed as Musk himself, are dumping their Bitcoin holdings at a loss following Tesla's decision.

But there have been good news. For one, Bank of America indicates through a survey that Long Bitcoin is the most crowded trade in the world right now. That's bullish news considering that it involves big-time fund managers with hundreds of billions of assets under their management.[1]

There is also the news that another $10 million worth of MicroStrategy funds are getting into Bitcoin.[2]

Just hours ago, there is also this news: Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchain.[3]

And how about another tech giant showing belief in Bitcoin in this news published just a couple of days ago: Sony Publishes Patent for Bitcoin-enabled ESports Gambling Platform?[4]

I could go on further but it all ends up on each individual's tolerance for correction, FUD, panic, and so on. Weak hands gonna sell. Diamond hands gonna stack Sats.

[1] https://www.coindesk.com/long-bitcoin-is-worlds-most-crowded-trade-bank-of-america-survey
[2] https://bitcoinmagazine.com/business/microstrategy-buys-229-bitcoin
[3] https://cointelegraph.com/news/luxury-yacht-firm-accepts-bitcoin-hosts-mobile-and-web-services-on-blockchain
[4] https://bitcoinmagazine.com/business/sony-plans-bitcoin-esports-gambling
4471  Economy / Economics / Re: The Reason Bitcoin Investment will be preferred more than Oil on: May 19, 2021, 02:43:35 AM
Apparently, the reason why Bitcoin is a much better investment than oil is that its price is rising much much faster than oil's. Oil even recorded a negative price a little more than a year ago. During which time, Bitcoin was only valued at around $7,000.

Secondly, burning fossil fuel is not cool anymore. That's the strongest trend nowadays considering global warming and other environmental concerns.

And, finally, the golden time for EVs has come. Tesla is facing an overwhelming demand. Its production cannot even catch up. China is now mass producing EVs as well. Even Lamborghini has already stated they'd be turning electric as well. And guess what, even Ferrari, whose CEO mentioned just months ago that the company will never fully go electric, will be releasing its first ever all-electric model in 2025.
4472  Economy / Gambling discussion / Re: [Boxing]: Arbitration judge orders Fury vs Wilder 3rd fight on: May 19, 2021, 02:11:09 AM
Then let this fight happen. There is no other option for Fury and his team but to face Wilder for the third time. The arbitration has been submitted and was duly judged in favor of Wilder's use of their contract's rematch clause.

While there is, of course, much more excitement for the anticipated Fury-Joshua fight, this old issue should be settled first. But the former will definitely happen, anyway.

And I guess Fury could defeat the broken Wilder more easily this time around. I think Wilder is already done.
4473  Bitcoin / Wallet software / Re: Exodus security question on: May 19, 2021, 01:39:48 AM
1. Never assume that nothing goes wrong and everything works fine when your funds is not even under your ownership.

2. Own your Bitcoin. That means you and you alone have the sole control of your private keys.

3. The risk of you panic selling is not much of a big deal compared to the risk of you losing all your funds. You can avoid panic selling in so many ways.

4. I've been using the iOS version of Exodus and I've experienced no problem with it, but I would never store a significant amount of funds in there, especially not for years.

5. Exodus is a software-based wallet. As such, it is prone to malware attacks. Not to mention that security features are limited. For one, and while they have a reason for not integrating it, 2FA is not available.
4474  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Disappearing At Least Until 2140. HODL! You Have Diamond Hands! on: May 19, 2021, 01:01:13 AM
Never mind 2140, that's still more than a century later. Even before that time comes, all of us have already perished from the face of the earth. Not to mention that technology is quite fast.

I guess it is better to look forward to a time when we are still here and could even enjoy the fruits of our persistence to HODL. In other words, a shorter time frame.

Why not look forward to December of 2021, then? I guess by that time, we are already seeing Bitcoin in a 6-digit figure.
4475  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: May 18, 2021, 01:41:29 AM
This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.

But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
4476  Other / Archival / Re: The community created a petition: Elon Musk, sell your bitcoin on: May 18, 2021, 01:08:21 AM
1. In fairness to Elon, he is free to do whatever he wants. He is no different from hundreds and hundreds of other crypto people who are shilling all kinds of shit, those who are criticizing Bitcoin from whatever sides valid or not, those who are promoting Bitcoin as if it fixes all problems in the world, and so forth. They are the reasons why there is such a thing as DYOR (Do Your Own Research).

2. The crypto market is completely free. Any billionaire could manipulate the price at the expense of whoever they care not. The rule is that there is no rule.

3. Fuck Elon Tweet token ($FUCKELON) is a joke. Its quick growth is another joke. All at the expense of crypto. This makes the crypto community looks uglier.

Just my humble opinion.
4477  Bitcoin / Bitcoin Discussion / Re: Elon has gone mad, somebody save him!! on: May 17, 2021, 01:53:26 AM
Did he really say he sold his BTC? I cannot seem to find it. But if he did, I don't care much. It bothers me a little, of course, especially because Elon has a multitude of blind followers who would mindlessly follow even the most ridiculous of his tweets, but Bitcoin is much much larger than Elon and all of his followers combined.

As a result, the price would normally go down as the total of Elon and his followers' Bitcoin holdings may be significant, but this is very temporary. As soon as Bitcoin has already shaken off the last of the spaghetti hands, the price would be expected to gradually recover.
4478  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: May 17, 2021, 01:18:22 AM
Quote
The Board’s agents will not attempt to confirm vaccination status of patrons.

I am a little worried about this. If vaccinated patrons are allowed to play inside casinos without being asked to wear a mask and yet the casino itself does not attempt to confirm vaccination status of patrons, how could they make sure all those who are not wearing masks are really vaccinated? Anybody could easily claim they've already got the vaccine.
4479  Economy / Gambling discussion / Re: Ohio offering lottery prize worth one million for those that get the COVID shot on: May 17, 2021, 12:40:53 AM
I don't have a problem with it but I guess it should be lowered down a bit. $1 million for a single person in five weeks would be $5 million for only five persons. For sure, there must be other important things such huge amount of money could be spent on. Or perhaps they could increase the number of winners from only one per week to ten. In that way, people would be more interested because there'd be 10 winners per Wednesday. The chance to be drawn goes higher. So instead of a total of 5 winners with a million dollars each, there'd be 50 winners with a hundred thousand dollars each. That's still a huge amount of prize one could get only for getting the vaccine.
4480  Bitcoin / Hardware wallets / Re: Trezor One/ Trezor Model T questions.. on: May 16, 2021, 02:08:05 PM
Remember that your coins are not stored in the hardware wallet itself so that if your wallet is gone, destroyed, stolen, confiscated, and so on, your coins are also gone. No, it does not work that way. Your coins are all stored in the blockchain. Your hardware wallet only stores the private keys, which give you access to your coins. Your 24-word seed is all that matters. It holds everything.
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