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4721  Bitcoin / Press / Re: [2021-03-08] Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves on: March 09, 2021, 06:31:31 PM
I keep wondering what all the other big world companies are waiting for, because everything that happens has to do with US based companies.  Except for one big UK company that has invested some significant funds, everything else that comes from outside the US is just dust - same as this investment of only some $60 million, although I guess it's just the beginning of an unknown amount (for me) that will be invested in BTC.

-snip-

Im with you on this Lucius, im wondering the same, its mostly US based companies
who are sinking the biggest amounts into Bitcoin.

Why are European, African and Asian wealthy companies not going the same route?
Is is just that we are not being informed?
4722  Bitcoin / Press / [2021-03-08] Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves on: March 09, 2021, 11:04:18 AM
Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves of New Investment Unit

From Coindesk.

Quote
Owned by billionaire Kjell Inge Roekke, the firm's new investment entity, Seetee, is going all in on bitcoin.

Yet another big player enters the Bitcoin space. Interesting to see a european high profile
company make the move.

I wonder if they have been infleuenced by Michael Saylor.
4723  Economy / Speculation / Re: Why I am confident Bitcoin price will still rise A LOT before the next big crash on: March 09, 2021, 10:23:04 AM
This is pretty much following what PlanB's stock to flow chart analysis predicts, which is all good.

But is there really going to be a crash? I mean the market or scene has changed from the 2017 to
2018 correction, its not all OTC investors now, there are serious Hodlers in Bitcoin who say they
wont be selling.
4724  Economy / Speculation / Re: BTC is over $54,000, hold or sell? on: March 09, 2021, 07:34:58 AM
All of us are talking about this bull run is encouraged by institutions.
Suppose as an individual, will you sell your bitcoins at a good price or just hold them?

What exactly are you doing? are you trading or do you want to get out or are you
selling because you need to buy something? Why $54k?

If you are trading and asking this question you shouldnt be trading. you should be able
to read the charts and various signals and make an informed trade.

Coming on the forum and asking 1,000,000 people what they would do doesnt make
sense, you will get predominantly HODL as the answer.
4725  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 08, 2021, 08:43:34 PM
I guess this answers your question ..and I quote from your article : " Money management app Revolut, which provides crypto trading as part of its wide range of services, stated that it has seen around 300,000 new digital asset customers during the past 30 days.

That is certainly a lot of new customers within a short time period.  Wink  I know some people that are using Luno.com and they are very satisfied with their services... but I do not know if they cover the US and EU countries.  Huh (Look like they are targeting the 3rd world markets)

The younger generation is APP driven, so if a service can be accessed on their phones ...then it will draw their attention.  Grin

Indeed, life is really centered around the smartphone.

I have an idea! i'm going to buy her a Ledger Nano S and an OTG cable. [I use this myself]

1. she gets to take control of her Bitcoin [she revolutes me the FIAT, I buy and transfer it to her Ledger]

2. she gets to interact with her Bitcoin on her phone throught the Ledger app


4726  Economy / Gambling discussion / Re: 36th America's Cup 2021 discussion on: March 08, 2021, 08:36:38 PM
Yes it seems like New Zealand are really at the pinnacle of the sport at the moment.
3 years ahead in innovation is unbelievable, is there any other sport which has one
team so far ahead of its rivals? F1's Mercedes perhaps - but not many teams besides I guess.

Here is an interesting article from France24 Headline with some quotes below.

Quote
'Like facing All Blacks' - Luna Rossa take on Team NZ for America's Cup

Quote
...nautical showdown where the result relies on technological gains as much as sailing prowess.

Quote
The New Zealanders have remained at the forefront of research and development, making them short-priced favourites in the best-of-13 America's Cup final.

Quote
"To be able to race Team New Zealand on (their) home waters, it's a lot like a rugby player getting to go on the rugby field against the All Blacks at Eden Park in a Rugby World Cup final,"

4727  Economy / Gambling discussion / Re: [Rugby] - Union / League / Super / Sevens on: March 08, 2021, 08:18:56 PM
I dont know a lot about Rugby league.

The Panthers look like the team to beat from the sportsbet pricing followed
by a few more, Rabbitohs, Roosters and Storm [winning the 2020 final]

and looks like the first match of round one is a crunch match

Storm v Rabbitohs

I might try watch this and get an understanding for the game, if I can find
some channel? or maybe the highlights somewhere.

4728  Bitcoin / Bitcoin Discussion / Re: Will Paypal make bitcoin mainstream? The website makes me think so... on: March 08, 2021, 07:30:04 PM
I cannot see anything about Bitcoin from the OP.

To answer the thread title, yes Paypal will be a big player in Bitcoin.
Its only a matter of time before they offer their Bitcoin services globally,
expanded from US customers.
4729  Economy / Economics / Re: Economics of perpetual poverty - R. Kiyosaky and the dude on the street on: March 08, 2021, 07:02:52 PM
"Rich dad poor dad" was OK,but everything else Kiyosaki does just seems sketchy.
He is more like a conman rather than a legit writer.His books are more into the self-help niche,rather than actual guides about finance and economy.
Books about "how to become rich" are always funny to me,because there's no guaranteed formula,that will make anyone rich.

Writing a book could certainly help, especially when it involves money.

"Rich dad poor dad" was all about gaining more income generating assets and dumping the expense generating liabilities.I like that idea,but "spend less than you earn" is just common sense.Everyone with a brain and an IQ above 90 should know that without reading books. Grin

Not everyone practices this, actually the vast majority dont. We are all
bombarded with "buy me" adverts for stuff we dont actually need.

I never read the book but can I add the below?

Definition of Stupidity: Doing the same thing over and over and expecting different results.

Do something different - buy Bitcoin
4730  Bitcoin / Bitcoin Discussion / Re: 21 million bitcoins is the same as 21 trillion bitcoins (for us now) on: March 08, 2021, 03:07:20 PM
Im just addressing the "scarcity" point people always make. Because if it was capped at 21 trillion and was still being mined at the same rate, 21 million wouldn't make it any scarcer.

btw of course i love BTC and the current inflation rate is working well, i believe. Just making a point to hear what others think.

If the scarcity rate would remain at the same there really would be no benefit.
We are all familiar with how it works now, the only people critising the 21,000,000
supply are the non believers who count Bitcoin in Satoshi's and state Bitcoin isnt
scarce because its divisible by 8.
4731  Bitcoin / Bitcoin Discussion / Re: 21 million bitcoins is the same as 21 trillion bitcoins (for us now) on: March 08, 2021, 01:54:20 PM
and my question is, What would be the point?

if as you state it would amount to being the same why prolong it to 9140?

The OP must have a motive for this idea.
4732  Economy / Services / Re: [OPEN] ★☆★ 777Coin Signature Campaign ★☆★ (Member-Hero Accepted) (New) on: March 08, 2021, 08:23:56 AM
Thank you again Brainboss.

Campaign members should be aware that Lightlord makes payments in blocks.
Payments WILL be received at some point after they are announced and it could be
anywhere from 2 days to 2 weeks after the announcement.

Treat this post as an insight an please be patient, if you are in crypto patience
is a necessary skill.
4733  Other / Beginners & Help / Re: Selecting a proper way to store my Bitcoins on: March 07, 2021, 11:16:56 PM
Hardware wallets are the way to go.

(tip)Make sure you purchase from the official website, as in the Manufacturer

(tip)Make sure to record and secure the private seed for the wallet.

I use both Trezor and Ledger.

I use the Trezor for my long term holding and the ledger for more regular
movement of crypto. I do this with my smartphone with the Ledger app
installed and an OTG cable.

To move your coins off the exchange all you need is an address from
the hardware wallet.

Topic: [General] Bitcoin Wallets - Which, what, why?  (Read 127172 times)
4734  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 07, 2021, 11:07:11 PM
Today I finally got response from claim portal. I lost hope after 2 months but it seems that they really respond to the tickets.

This is a very positive update and shows they are still working through
all the claim applications, like myself I'm sure there were "late claims".

I havent had any correspondence in over a month but from this news I'm
not panicking just yet.
4735  Economy / Speculation / Re: Bitcoin balance on exchanges reached a 2-year low on: March 07, 2021, 10:59:34 PM
Q. Why would you have Bitcoin on an exchange (other than having
nowhere else to store it)?
A. because you are going to sell or trade it in the very near future.

Q. Why would you take it off an exchange?
A. Because you are not planning on selling or trading it in the short to
medium term at the least.

More and more people are practicing the art of HODL, and are looking to
the long term, same as what Michael Saylor is preaching. Combine this
with only 6.25 Bitcoin being generated per block, 900 per day it kind of
creates a shortage.
4736  Bitcoin / Bitcoin Discussion / Re: MicroStrategy Purchase on: March 07, 2021, 10:30:47 PM
This shows that Microstrategy are buying and not selling.
They are buying to safeguard their wealth from FIAT, why would they sell back
into the very thing they are trying to escape.

This bull run may actually become the norm because of these high level investors
who are planning on holding for years to come (generally).
4737  Other / Beginners & Help / Re: Crypto Tax Question on: March 07, 2021, 09:09:35 AM
I'm not a U.S citizen so I dont concern myself with the tax laws there. I hope this resource
from coinbase helps as well as Charles-tim's links above.

2020 tax guide: crypto and Bitcoin in the U.S.


Quote
Did you buy, sell, use, or trade crypto? If so, you may owe taxes if you’re a US taxpayer.

Topics covered:

1.1 Do I have to pay crypto taxes?

2.1 Determine if you owe crypto taxes

2.2 Calculate gains and losses

2.3 consult a tax professional

2.4 Prepare your forms

2.5 File your taxes





4738  Economy / Reputation / Re: My account, a year old today on: March 07, 2021, 08:53:51 AM
Very well done Charles-tim, there are many high ranking usernames which appear
on the forum which I dont recognise and ive been on the forum since 2017, but you
are a familiar member, you are a good asset to the forum and are getting rewarded.

4739  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 07, 2021, 08:20:56 AM
~
This is the exact thing I would do — hold her by the hand. It's not enough that she's showing interest in Bitcoin, you have to make that interest worth its while for her. She can easily get distracted once she ignorantly falls victim of hack or scam. As her father and a veteran member of a Bitcoin forum you just got your first close ardent Bitcoin disciple. So, make it count. Don't be a distant observer to her. I don't think monitoring and directing her on this will be counted as infringing on her privacy or freedom if that's what you're worried about.
I can agree with you in a certain way but being a doting parent won't help if you are trying to teach your children these things, especially the boring details. You had been a young one once, so you know how stubborn they are if they want to get in their way. Take it slow and just teach them the ropes in a way that isn't overwhelming her ideas.

this is my approach, i have already planted a number of seeds about Bitcoin education,
Bitcoin ownership and being security conscious. Over time those seeds will germinate
and she will look for more from Bitcoin.

The primary thing is that she has become involved in a very light way for the moment,
as we progress through this bull market hopefully her taste for Bitcoin will develop
4740  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 06, 2021, 11:01:52 PM
I dud I explained the differences between custodial services and wallets and taking ownership
of Bitcoin but you know not everyone wants to get so involved some people like the convenience
that the likes of Revolut provide.

Maybe in time these younger generations will want more than just an app on their phones.
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