But what if governments decide to hunt down the developers of DEXs? Or what if they estalish a law where developing a non-compliant DEX (no-KYC) can be subject to prosecution (jail time or fines)? If that happens, the industry will be doomed. With a US senator drafting the "Digital Currency Anti-Money Laundering Act of 2023", anything's possible.
I had thought that you asked if government decides to hunt down DEXs, not untill I read that you meant that if the government hunt down the DEX developers. These are two different things. For the former, government cannot shut down a true decentralized exchange whose protocol is 100% open source. Then about the later, a true decentralized developer cannot be tracked by the government when he goes anonymous and private. And besides, if a particular government proves stubborn, there's room for relocation. I think the fear people have with these governments ban this and that should be alleviated with the recent change of tunes from different government all over the world, what they can do is to find a way to control it, ban as not really work, especially for things with huge demand like drug, people will find a way round it.
I have always maintained my statement. In as much as there's no central government of the world, it will be difficult for government to implement their shutting agenda. While one government will ban DEX today, another will approve it. |
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China warns that using tether (usdt) as an intermediary in foreign exchange transaction is a violation of the law. The supreme people's procuracy(spp) and state administration issued a public warning, emphasizing that the use of tether(usdt) as an intermediary tool in transaction between Renminbi and other foreign currencies are not suitable. This includes indirect participation, such as technical support or provisions of exchange services. https://www.binance.com/en/feed/post/2207492174690?ref=102894024&utm_campaign=app_share_linkWe really need to understand the problem of the Chinese government. Firstly, we are aware than China has so many restrictions about bitcoin and the cryptocurrency at large which USDT is also affected because it is also a cryptocurrency. In this new article, is China indirectly fight the United States because a stable coin was pegged to their dollar or it is a crypto related fight only. If the former is the case, it is also possible for the people of China to develop a stable coin that will be pegged to Yuan. The cryptocurrency industry is a free world and anyone and any country can succeed if they want. |
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As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
- You need to first consider if you can actually trade because trading is really not for everyone.
- Are you willing to accept losses as well as wins
- Are you willing to control your emotions
- Do you know anything about financial management and sticking to your budget?
- How about you consider short or long-term investment
- But, if you have so decided that you will trade this year, ensure you learn how to trade very well before you start
- You might be having some profits this year because of the bull run. Don't get carried away, the best time to learn trading is during the bear market
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Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Trading is trading. Future trading is future trading. Gambling is gambling. The question is: Is future trading risky as gambling? Yes. The higher the leverage the higher the risks. As you have said, gambling is gambling while trading is trading. But there is a type of trading that looks like gambling and that is futures trading. It is only in a rare case that I will say that futures trading is not gambling, and that is when an experienced trader is behind the screen. An amature future trader is simply a gambler. Infact, an amature spot trader is also a gambler. You do not gamble when you understand statistics and apply it in your trading. But once you know nothing about the charts and candlesticks and yet you are confidently trading, you can be considered a gambler.
OP, advice your brother's friend to buy and hold bitcoin and not to buy bitcoin with all his wealth. Everything should be done in moderation and we will have no cause to regret. |
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Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public
While some people bother themselves about the Bitcoin global adoption, I do not have any problem with the rate at which bitcoin is being adopted. Bitcoin is not an old technology and if you look at the successful technologies we have now, they took much time to become popular and globally adopted. Bitcoin is barely a decade old and it has made so many impacts in the global economy. I can say that bitcoin has made more millionaires than any rising technology in the past. The important thing about bitcoin is that during its early stage, the poorest human being who adopted bitcoin can be very rich now. So, believing that bitcoin is doing absolutely well, I no longer bother myself on how bitcoin will hit global adoption because this will happen spontaneously. The greatest tool to global adoption is the internet and social media and we know that Bitcoin is already all over the internet, so it is time we allow it happen naturally. |
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There is more to life than just bitcoins or acquiring wealth though. Don't get lost in chasing your tail. I said it plenty of times before, it's always best to have some goals set in life, i.e. knowing why exactly you want to acquire more bitcoins, how many are enough, and to what point are you going to hold them.
Collecting sats just for the sake of it sounds a bit silly.
And that's not even to mention all the "don't keep all your eggs in one basket" rule etc.
People are just different and this difference is what set us aside in reasoning and in general lifestyle. These are different samples of people in bitcoin investment; - Those who sell their properties to invest in Bitcoin
- Those who keeps buying and believing that bitcoin may worth a million dollars in the future
- Some who might starve, I mean not live a comfortable life in order to invest
- Some who believes that the reason they are investing is to have a good life and immediately they have money, they start living a good life
As said, there's more to life than bitcoin investment. In as much as I encourage us to buy bitcoin, we shouldn't do weird things to acquire it. |
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What if Bitcoin ETF is not Approved
This is a very big question and everyone needs to ponder over it. Although, it is certain that ETF approval will happen, but then we have the liberty of thought in any direction, that's what makes us humans. How about if we ask ourselves this question also; What if halving bull run fails?I have also thought about this and my conclusion was scary until I remembered the ETF approval. See, what happens, if bull run fails, the ETF approval will push the market and of ETF fails, bull run will come in for us. We are somewhat safe. This news was 4 days ago: https://cointelegraph.com/news/sec-spot-bitcoin-etf-updates-deadlineIf you read the news and what has been happening before that time, you will know that United States SEC will approve bitcoin spot ETF in early 2024. There is not need to discuss about if it will not be approved or not because it will be approved. Yea, it is certain that it will be approved but I am always skeptical whenever it is about the government and bitcoin. Anything can happen anytime. |
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You're right, three data points aren't a large enough sample to definitively claim a pattern but remember that the halving happens every 4 years, so I think you can take that into consideration. It reduces the rate of new coins entering circulation potentially leading to price increase. Some investors may prefer to wait for confirmation of the impact before committing. Others might see the potential for higher returns after the event. Individual investors are the key players before and now it’s the institutional adoption for the major price appreciation.
Three data points are not large but good enough to work with; Many people have been saying about the reduction of miners reward; Reduction of new coins entering the market; And many more reasons why halving increases the price; I acknowledge that the above are all reasons; But remember that the hype and expectations that this will happen is the reason people indirectly change their behavioural attitude to make it happen! The social media hype when the coin starts rising is another factor. |
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I don't even think there are different ways we can earn Bitcoin directly except we swap our token to Bitcoin and keep it for as long as possible. [...]
I don't understand what you mean bro. How you can earn more Bitcoins, by just holding them as long as possible? This is BS, you won't earn any Bitcoin by doing that, it's dangerous to say things like that in the beginners section, you're not even likely to earn fiat because Bitcoin is highly unpredictable and volatile. The opposite could be right, because some tokens produce coins by staking them, so you can earn more Bitcoins once they are exchanged, but not this way unfortunately, because BTC uses a PoW scheme instead of a PoS one. I understand what you meant @Saint. This is because wrong information is easily digested by some gullible newbies who do not research on their own but depends wholly on what they got from the forum. No matter how long anyone holds bitcoin, the number of bitcoin will never increase nor decrease. What changes is the fiat equivalent and at particular time due to volatility. It is this fiat equivalent that determines if we made profits from bitcoin investment or we lost. This ability of bitcoin to remain itself is the reason people do not bother much when they lose money in bitcoin. This is because if you can hold, there's the possibility that the price will reverse and give profits. 1BTC = 1BTC |
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In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.
Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.
While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bullrun as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.
One thing I like about bitcoin of these days is that it obeys predictions. I mean all the projections about bitcoin last year has happened and we shouldn't be surprised if the projects for this year will still happen. The most amazing happening is the ability of bitcoin to clutch and remain in the 45k range the first day of 2024. There has been news circulating bitcoin this time around and these news will make or mare bitcoin price projections. There are more positive to rise the price than negative. For instance; - Halving and the accompanying bull run
- BlackRock and spot ETF approval
- The US interest rate and more
So, we should hope for the best in the coming months |
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2. Is not a suspect but a thief.
4. Is not a suspect but a thief.I
Not all website that asks to connect your wallet is a scam website. A decentralized system may want your wallet in order to function effectively. Also, understand that centralized exchanges ask for your information in the form of KYC, are they all thieves? In your post, you have captured the general rule to treat scammers online. The best thing is to treat everyone as a suspect until they prove otherwise. If you are ask to put 1 and get 2, sorry you are about to be scammed. |
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Why do we spam?
The right question should be, "why do spammers spam?". This is because it is not everyone that spams. These can be some reasons for spamming; 1. Some are natural spammers 2. Shilling projects 3. Difficulty in understanding English 4. High work load etc Do you know that base on a research and observation in the forum I have not seen a clear advantage of spamming, and I have not seen any new accounts that is not in a signature campaign that is being tag because of spamming or have a challenge of spamming before why?
There are newbie spammers which is the reason there are some restrictions, such as not posting images till they earn a few merits and activity. So I think that majorly the people that spam mostly is people that is controlling a numerous of account's and whenever they have a different account's they start writing a low quality post, I don't know if any one have observed that before, that what causes a low quality of posts and spamming might be due to alts, its better time to spread this information so that my own mates in the forum will not have same mindset of spamming and low writing style.
One quality account is better than 3 spamming accounts. |
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Suchmoon.
I like the sense of humor in any controversial topic.
S/he doesn't hesitate to utilise such opportunities when they come. Lol OgNasty.
Man returned 500 BTC.
What was the value of 1BTC when this happened? LoyceV.
Off topic response in threads LOL
He goes as far as replying someone in dm whenever he is determined to resist the urge of off topic reply. LOL Symmetrick Ratimov.
An example of not to try hard to build reputation.
Maybe something more than reputation building was involved in his case. |
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It's threads like this that make me wish I still had my old username.
LOL... how about if you tempt theymos by writing him that you want to revert to your old former username? I suggest this: Work as a pharmacist-->earn crazy money-->have kids-->save a lot of money for their inheritance.
"Earn crazy money"... This does not happen in many countries. I learnt that medical practitioners like nurses, pharmacist and doctors earn alot in US. It is not so all over the world, especially in African countries. This is the reason doctors are relocating my country on daily basis. Is this an AI-generated post? I swear I can't tell, and short ones like this make me suspicious.
Has the narrative changed? I thought that only long wall of text posts tend to be AI generated. I'll have to this thread to see if OP is following up, it can go a long way to quench our curiosity. |
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I just read this news and I can't stop laughing.
McDonald's is said to be planning to sue people who have been refusing to buy its products over the past months leading to their $1.3 million loss. This is due to a boycott movement where people in a lot of countries are sanctioning this company because of its support of the Zionist regime that is occupying Palestine and is committing genocide there.
It is ridiculous because they can actually focus and dedicate the funds that they will use to pursue a court case on rebranded marketing, and other things like giving back to the community, so that they can improve their status and have a good score with community members who already frown at them for supporting the zionist movements. Maybe, we have to first ask what food company has to do with political supports and alignment. They have to determine if they will continue with food or they will have to join politics. When you declare a public support on controversial issues, you have to be ready for the consequences. Imagine if some day you are out and about, suddenly someone wearing a chicken suit puts a gun to your head forcing you to buy their fast food or they'll shoot you  Are you sure this is not happening somewhere in South Korea? |
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Not surprised. A missed opportunity to short them though.
But the funny thing is that those coins still trade on most exchanges that are under fire like Binance, so It would be interesting to see how the other exchanges follow suit. IMO, not all exchanges will do the same. Some will remain defiant.
The war against privacy is becoming eminent and with the way things are evolving it could be that in the future, highly private people would be treated as criminals if not already happening. I am not always surprised when more and more exchanges are delisting privacy coins. I also know that the developers of these coins would also know how to go about it. Just like the mixers, privacy coins are all sinners in the eyes of the government and the government can crucify any at their discretion. However, privacy and decentralisation cannot be defeated totally in the cryptocurrency industry. |
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Not all crypto projects are created equal, identifying which crypto token is a scam, and which memecoin is legit. How do you know which projects are safe to step into, and which projects are doomed to fall flat some months from now. The blockchain is awash with promises of quick money and easy rides. But it pays to know if the token you’re holding is part of an elaborate scam to separate you from your hard-earned cash. There are eight straightforward ways of carrying out your due diligence to avoid fraudsters
Maybe the best thing to do is to treat all altcoins as scam untill they prove otherwise. With that consciousness, you will become more careful and make diligent research before investment. 6. Check how many exchanges host the token
If the token is only traded on a couple of decentralized exchanges (DEX), it is almost certainly a scam. Listing on a centralized exchange comes with KYC and additional trust, and the bigger the exchange the better the reputation of a listed token.
This is correct. I'm decentralized exchanges many things happen and that is why I do not encourage newbies to use DEXs until they are aware of what they are doing and be strong to take the consequences of their decisions. In Dex people can create counterfeit coins and lure unaware investors to buy what does not exist. 7. Check the amount of liquidity in a token’s balance pool
Before you invest in a token...
Can't this be manipulated? |
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For those of us that are into altcoin signature campaign and have accumulate some in your wallet, what do you do with it since some of them has low value at the moment if you check their current price?
Do you keep holding it hoping that the price will finally come up since it seems you can't actually trade it with it current value.
Will the altcoin become valueless after the campaign is over or could still gain value after some years.
I have heard of many people who made good fortunes by selling their bounty coins. But majority of these stories happened in the early days of the cryptocurrency evolution. These days, there are too many scam coins with no road map and credible team behind them. This is the reason many people decide to immediately sell these coins irrespective of the value because there's no hope for the future. However, there are till a few credible projects but they are hard to find. OP, let's include people who bought some shit and meme coins and are current about -80% in loses, what should they actually do? I am not a fan of altcoins but I was talked into buying Shiba which crashed on me and I am still holding. |
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I am prepared and patiently waiting for the big day when bitcoin will return to the hype and the mainstream media, I can already imagine some news presenter saying: Bitcoin reaches a new historic high, today it is priced at 100,000 dollars!
In the future when the mining reward is less than 1 BTC per block, it will be very interesting.
That media hype is the reason for the continuous growth of the bitcoin price. Forget about the halving and it's effect, it is the FOMO that pushes bitcoin price to an unimaginable height. Just imagine that bitcoin clicks 50k today, you will see many posts on the social media hyping bitcoin to a new ATH. When bitcoin eventually reaches $70k, you will see many adverts and posting telling people that they are about to miss out on the greatest opportunity to become rich. This continuous buy, will further push the price to $100 and when it gets to 100k, you will be surprised that there will be projection of $1M  The newbies who keep joining the moving train are the people that pushes the price up and up and not necessarily the reduction of miners reward. The advantage we have over the novices is that we have already occupied some early spots and still buying and waiting for the deal day. |
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If we are going verbatim, it's wrong. "Starting of 2023" would make it correct. (Right?) But, the results and timing are close enough to establish some good credibility. Why would starting of 2023 make it correct. The title of OP said "...by ending of 2023". The timing is highly accurate on the premise of speculation. I have never seen it being so close before. Besides, there has been prediction that bitcoin will not exceed 45k in 2023. It was a popular opinion before AI took up the information. This does not now validate that we should follow the AI verbatim from henceforth. 45k seems reasonable, but I would question how those AIs came to the decision.
A large language model does not simply do maths, does not take past price data into consideration, just makes up a random number from a huge amount of outdated text.
And most of the current generally available AIs are as good as few year old random spam articles scattered around the internet. Because they have exactly been trained on that data.
This is not a decision, but only a prediction based on data that already exists on the internet so that AI can process it more quickly in order to predict the price of Bitcoin which will occur at the end of this year. However, already in the middle of this year the price of Bitcoin still has not reached the predicted price level but is only approaching it and if this price level can reach it in the next two weeks, I think this level will be passed and will not stop at $45K. We are now at the last days of the year and bitcoin price even dropped a little, but it never realized the AI prediction of $45k but it was really closed to that. However, if this prediction may fail by the end of this year, then it's very much possible by early january next year. AIs predictions were only based on the onhand datas in the internet so its not really a complete prediction without good basis. Sometimes, AI hits also the exact price prediction but most of the time it didn't or it might only close to the reality. DYOR is the key. If we can't rely AI to the highest level, then probably our own market analysis will do the math well. While were processing how AI prediction, it proved us wrong. It has happened as predicted. Although you have said that if the 45k prediction fails at the end of 2023, that will happen in the first week of 2024. We can actually argue that AI uses different time zone, maybe AI is still in 2023 I agree with you that AI makes decisions from random data (some outdated), but the fun of it is that we are happy seeing AI prediction happen. |
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