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4641  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Glad to announce that I sold my first NFT from my first art project on OpenSea on: August 04, 2021, 12:39:05 PM
Offering my late congratulations as well. I've to admit I'm not big on NFTs right now. I'm big on what they might be able to do in the future, especially with this rather confusing period where the adopters are supposed to be content creators but you can see now from most big projects launching, they're just more business people and companies that probably don't have their ideas in the correct place:) Happy hunting for more!
4642  Economy / Speculation / Re: 10 green daily candles in a row on: August 04, 2021, 10:40:45 AM
The truth is that the study of candles is one of the things that I think is done in short-term trading or scalping, I have a doubt, if we analyze the market in a time of 1d, 4h, 1h it is easier to predict the candles What are they formed? Since in the long term the analysis tends to give a more lasting behavior, but I know that when analyzing the market, the shortest temporality that volatility has is enormous and I do not know how accurately it is possible to predict what the candles will be. What? I have to say that I only tried scalping trading once and it didn't work out very well, that's why I don't do it.

Maybe in forex where I saw some efficiency (until there wasn't) and maaaybe in crypto during sideways trading or low volatility but just taking a look at yesterday's Bitcoin candles at 4h, impossible to give any meaningful results, depending on which side you're looking at. Had a lot of fun scalping alts in 2017 until the peak just fizzled out, and then I basically lost almost everything I took a lot of pains to gain. And this was in confirmation with signal groups I tried out in that period too (I know, I know, but I learnt my lesson).
4643  Bitcoin / Wallet software / Re: New metal seed backup method on: August 04, 2021, 10:02:54 AM
Imagine, 100 years from now on some AtticTreasure show someone finds your steel plates and buys it for $5 to be used as scrap metal Shocked
That's definitely a risk with a method like this one.  Personally I think anyone with crypto should let at least one person they trust know how to recover the crypto in case they die.  Why let it go to waste?

Yep, like I wrote above, I have been thinking about this a lot. And the problem is less of finding a method (I know even time lock can be used for example) but of finding a method that makes sure even if the person you trust doesn't know enough about Bitcoin, they won't have trouble accessing it after death. Sometimes I think maybe the only way, ironically, is to use a centralized service. Because in my case I know the person I trust is zero literacy about computers. Yes the person know how to surf and send email and use apps but cannot even remember how many times password is reset:)
4644  Bitcoin / Bitcoin Discussion / Re: As of today, Google ads for Bitcoin are no longer banned. on: August 04, 2021, 07:54:45 AM
I have to agree with jackg, just keep the ban. I don't like censorship, but if you think about it, the only people paying for Google ads to use Bitcoin are crypto companies with zero interest in helping Bitcoin and 100% interest in making money. Sadly, most of this making money concept comes at the expense of users.

If people want to learn about Bitcoin, it should be from wiki, or solid educational channels. Not from clicking a Google ad.
4645  Economy / Speculation / Re: Bitcoin current stage and price on: August 04, 2021, 07:19:06 AM
The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

Yeah, tell us something we don't know, guy:) It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait. If you are "unlucky" to buy at the peak, then you simply added on a few years to your wait. That's all.
4646  Economy / Service Discussion / Re: do you believe on signals? on: August 04, 2021, 06:18:06 AM
Okay, I'll just give you one example:
1. Normal trading - Invested money - $1000, daily 10% rate (full reinvestment) - In 60 days, you get $300 000.
2. Futures trading - Invested money - $1000, daily 10% (3x leverage = 30%, full reinvestment) - In 60 days, you get 6.8 Million USD.

And, days don't have to be in a row Smiley So, when you always hear nice words, use the daily compound interest calculator to see the real world!

I guess people actually either don't have the brains to do simple math or don't have the common sense to see through thick illogic.

Even let's not use daily 10%, which very few "smart" signal groups will tell. The trick these days is to show people what looks realistic, like 2% daily profit (which in our minds seems wow okay, he isn't claiming 10%, just tiny 2% which is so realistic).

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.
4647  Economy / Exchanges / Re: Crypto Exchange Binance Launches Tax Reporting Tool on: August 04, 2021, 05:41:56 AM
If people only care about price exposure to bitcoin, and don't actually care about it being decentralized, or trustless, or censorship resistant, or any of the other things that are core to bitcoin, then such easy to use custodial apps will always win. At least, until they scam the people in question or lock them out of their accounts.

I think there problem is maybe even more important to think about for Bitcoin, is people still don't know enough to care about these things (decentralized, censorship-resistance etc.). For better or worse, people can't learn about the importance of these things the way they are mainly presented. And they can't because states won't teach them this either.

Custodial apps always win and we seen that even though years of scams and "hacks" have stolen people's money, because they do not know better (and education prevents them from knowing better).
4648  Bitcoin / Bitcoin Discussion / Re: The more popular Bitcoin is, the more valuable it is? on: August 04, 2021, 05:08:03 AM
Correct, because adoption is one of the main reason why bitcoin is getting valuable in the space than other crypto currency, and that's why as well mostly enthusiast preferred to keep holding their bitcoin for long term because of that reasons. In fact not just bitcoin wherein all crypto in the market need adoption as well in order to increase their value in the market.. That's why new projects run a campaign to gain more attention from buyers and etc, because that's how it works.

Wrong. New Projects run campaigns to get more buyers and speculators, but this does ZERO for adoption. If you don't believe me, go to any altcoin group doing "campaigns" and find me one actual user. This means someone who uses the actual real wallet, and uses the token for its supposed utility, excluding trading/selling/buying/exchanging.

The whole reason why altcoins are called shitcoins is because they have no users. Just token buyers/holders.
4649  Economy / Gambling discussion / Re: Sportsbet.io "Soccer Blackjack" @ 21.00 odds on: August 03, 2021, 03:15:19 PM
We are counting down the weeks and days to the start of big leagues, and all the charity cup games for domestic are starting, Champions League and Europa League are also starting qualification (not just preliminary) so everything is really looking "normal" again. One more hit before real Leagues start, right?Smiley

LIVE
Sparta Prague vs Monaco
https://sportsbet.io/sports/event/sportsbet-specials/daily-specials/champions-league/sparta-prague-as-monaco-fc-61093f2eb3be6244129148b4
4650  Economy / Gambling discussion / Re: Sportsbet.io's English Premier League Football Pool Discussion Thread on: August 03, 2021, 03:02:49 PM
Yep, this is the highest fee that we ever had on our pools. Around 80$ could be quite steep for some people. I hope I am wrong but I am expecting less people then previous season. That also has its advantages since it is much easier to get yellow cap free bet and the value you get for entry fee is higher if there is less people participating.

Good point about free withdrawals from Sportsbet, I actually did not know they were caped at 2 mBTC, I thought it was always free but I never tried withdrawing anything less than 20 mBTC.

Anyway, I will be participating for sure. See you guys around when it starts.

I agree with the discussions above that $80 is an amount that if you can't afford for a whole season, you shouldn't be playing:) But at the same time, I also know the situation of a lot of friends and family ($80 is translated to half month's pay here for most of my colleagues) so I won't forget I am lucky to be in a position to spend this amount. It's actually really because of Bitcoin.

Actually I didn't even realize we had so many last season, 50 is a lot! It didn't seem so in the threads or I guess not everyone chatted:)

And yes, free withdrawals at 2mbtc also I didn't know but this is a good "wallet" to have for saving on fees;)
4651  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still the favorite choice on: August 03, 2021, 12:35:20 PM
No you aren't real very well up to date. Wink The Amazon rumors turned out to be a fake and Amazon explicitly explained in public that there are no plans to accept Bitcoin on their platform in 2021, as was stated in the article.
It's sad that the rumors were not responded to quickly enough to spread widely in various media, very bad if it's a way of market manipulation for the benefit of certain traders. Crypto is still crypto so there is no need for adoption for big platforms as they can revoke crypto adoption at any time to bring down the market.

Dude, the rumors were actually credited for bringing Bitcoin up a little, so if they didn't respond to it, it might even have had a bigger effect if it was true (but it wasn't, as in, it wasn't true, and it wasn't even the reason Bitcoin got back up in price).

Market manipulation is there anyway, like it or not. We can't do much about it, so why complain?

There is a need for big adoption, but just simply accepting BTC thru thirdparty:)
4652  Economy / Trading Discussion / Re: Small capital and Big capital on: August 03, 2021, 10:11:20 AM
the size of your capital doesn't change the size of the danger. It's the size of what you risk in proportion to what you don't risk. Which is where the adage comes that "Never invest more than you're willing to lose".
Size of your risk will grow along with your size of capital but it MAY not diminish when you are downsizing your capital. The only solution here is, we must increase our capital along with our experiences.

I guess we both understand risk differently then. Risk does not change if you put $1 or $100 on an outcome (unless you're talking about billions in which case slippage risk is a factor). You still have the same risk no matter the size of your capital, from a retailer point of view.

I guess this is why I'm not a trader and loads of people on this forum are since we really understand these fundamentals differently!
4653  Bitcoin / Wallet software / Re: New metal seed backup method on: August 03, 2021, 08:59:26 AM
I used stainless steel which wasn't expensive and should be very durable to heat , acid and impacts. Yeah it not being recognisable is both a blessing and a curse, a thief or anyone that sees it isn't going to have any idea it's bitcoin related but then neither will no-coiner family members. Hopefully they should be able to realise it's important enough to not throw out considering its a steel card with a weird code stamped into in  Cheesy.

I'm not so old and unhealthy to be thinking in panic, but I'm definitely worried everytime I see or hear about a friend who died or who is signing up for a will. I don't really want to go that route yet but for sure have to think about something like this that lasts, and also that can have a high chance of being understandable by someone else.

Imagine, 100 years from now on some AtticTreasure show someone finds your steel plates and buys it for $5 to be used as scrap metal Shocked
4654  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin mining isn’t a waste of energy? on: August 03, 2021, 08:28:49 AM
I do love the concept of storage of energy and value, and you know it's strange but a lot of gamers and collectors tell you the same thing and I don't think they're wrong.

For example you know they sort of in the past with the MMORPG games where some coins are only collectible by spending time hacking and slashing (you can't buy the coins except from other players). Then it's literally time and electricity spent by players to just game and grind and collect. Which they then sell for real money.

Not as valuable as Bitcoin because it can't be used anywhere else but it's the same concept:)
4655  Economy / Speculation / Re: Bitcoin current stage and price on: August 03, 2021, 08:13:22 AM
As someone who is bullish in every way in BTC, I believe that Bitcoin will go up higher in the long run. If you can check the trading chart of it for the past few months, it does show a hold of price in the range that we are in now. If we can break the resistance again around ~$42k, we can go even higher, TBH. I can't wait to see the upcoming price increase with this. Hopefully, every one of us can rise with this.

I think if we ignore the high of 63k, actually every pullback has not been so dangerous either. Support holds well, and even when it did break (30k support) it didn't even go more than 5% below and recovered very well everyt ime since.

Now this week is really important because we failed 40k BUT sellers finding it so hard to break 38k. Another weekend to look forward to if we maintain this sideways now.
4656  Economy / Service Discussion / Re: FTX exchange offering bitcoin in their partnership with the MLB on: August 03, 2021, 08:02:51 AM
The most our local exchanges ever do is ask you to invite friends and they give cashback or some kind of voucher.

Not really. Affiliate/referral programs are used widely even with the top US exchanges like Coinbase; heck, even FTX. Not to mention that Coinbase has had these sort of "huge money" giveaways as well; well bigger than $100k.

Yes, that's how I heard about Coinbase and Paypal, people invited me for free $10 (but both cases I couldn't use them). What I meant to say is that the MOST our local exchanges do is that (referral). No fancy competitions like this, no Olympics special. Trading contests a lot but I hate those because you can't win if you're not a whale since they payout on volume.

Personally I think hosting a big contest like that to get people to KYC onboard is a great idea.
4657  Economy / Exchanges / Re: Crypto Exchange Binance Launches Tax Reporting Tool on: August 03, 2021, 06:57:33 AM
It's not real crypto of course but only people like us know that, but most people don't know and frankly don't care.
Yeah, so when you say it's not "real crypto", I assume you mean you can't actually withdraw the bitcoin from those apps to your own wallet, send them to someone else, spend them, use them, etc? In that case, then you're right - such apps will always be easier and more user friendly than any real bitcoin wallet. If you remove seed phrases, private keys, addresses, transaction signing, and everything else, then all that remains for the app to do is display a balance updated from a centralized server.

If you want to actually own bitcoin and be your own bank, then there is a certain level of technical features that must be present in an app. We can only simplify things so far. I'm not sure how we overcome that hurdle for the most technophobic people in the world.

Yup, no wallet address, not even blockchain interacting. You can send them to someone else with the same app account, like sending anyone any other "digital money" and even you can send to their phone number, it will credit their account and debit yours. Which is basically how it works for everything there, even "gold" or "silver" which of course aren't real but people think it is, and call themselves gold investors and Bitcoin investors:)

I know it's pointless to explain to them why this isn't going to work long term but I have hopes. I mean now you can use Bitcoin with QR codes and not addresses and set your wallet to auto determine fees. I have seen Ethereum apps that are on chain and off chain mixed... you send ETH but in dollars, and it's instant because it's off chain, and even fees are from a separate balance so you don't confuse yourself with ETH. I think BTC apps if they start to also use Lighting like this, and devs take a page or two from ETH could make it more user friendly. I understand there are security concerns of course but I have hopes things will look better in future.
4658  Bitcoin / Bitcoin Discussion / Re: The more popular Bitcoin is, the more valuable it is? on: August 03, 2021, 06:23:37 AM
It's hard not to argue, the more popular it is, the more people assign value to it, and therefore, the more valuable it becomes. Even if crap things like NFTs become popular, they have a value to it.

But relying only on popularity doesn't seem to get you very far in the long run!
4659  Economy / Gambling discussion / Re: Sportsbet.io's English Premier League Football Pool Discussion Thread on: August 02, 2021, 01:38:15 PM
Since Sportsbet offers free withdraws ( minimum .002) how about we use that entry fee so we can easily send from our Sportsbet accounts?

I took this advice and sent 2 mbtc to the tournament direct from Sportsbet account. Processed in minutes and free to send, highly recommended;) I haven't won anything except regrets and this is the highest fee I've ever paid but this is only because it's Bitcoin 40000! Good luck to everyone, this time I will pick less draws. Or maybe not:)
4660  Bitcoin / Bitcoin Discussion / Re: Getting paid in Bitcoin vs getting paid in Fiat on: August 02, 2021, 01:05:11 PM
Look here guys we all need to have food to eat and pay our rent. So for me I would rather get paid in fiat first for all my needs and Bitcoin later for all my savings. Or almost all at least. But not everyone has an employer who has that choice to make.

I'm lucky I have a job and a small campaign on forum for a bit of BTC. Lucky because I actually have to sell that BTC every month a portion so I can be comfortable. It works out and I don't want it to change:)
Depends on the context though, what if stores and establishments that provide product and services are accepting bitcoin then probably you can choose the salary paid in bitcoin but if we are looking at it in a realistic perspective, I think that it's a no brainer to choose fiat as a salary rather than the alternative.

The context is that the majority of salary paying people don't pay in Bitcoin and the majority of the world's shops and sellers don't accept Bitcoin.

So I'd still rather get paid in fiat for those needs, but of course, great if you could make a choice to get part of salary in BTC but as I said, that's also not possible. That's not just the context, that's the reality:)
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