Inviting them to do what? Most of the new people who are spamming the forum are here because of catching the earning opportunity. Sometimes I think if there isn't any signature campaign this forum would lose organic users and activity slowly. If your friends or family recently learned about bitcoin and want to learn more then invite them to this forum. This forum contains core knowledge about bitcoin. This forum was founded by satoshi himself so to be in this fourm and learn from some legends will be a honor.
You're saying that many newbies in the forum spam because they want to earn money. But remember, everyone, including you, started as a newbie at some point. You've learned and now understand the forum well enough to contribute positively. What I'm trying to say is that everyone should get a chance because they're new and here to learn and improve. The higher-ranked members were once newbies too, and now they guide and help the forum grow. It's like the saying, "The Beautiful ones are not yet born," meaning that intelligent and tech-savvy people are also among the new members. We never know what new forum members might bring to the table. Yeah, we all started somewhere as a newbie. When i first joined the forum one of my friends said to me Don't make comments on this board, don't go there blah blah. I know everyone in here for some quick buck, some people come here for knowledge. Do you know what old members of this forum suggested newbies do when they came to the forum? Read more say less. The more you read the more you will learn. If build up your knowledge you can contribute to this forum through this knowledge and this takes time. It's not like you just joined the forum and started advising people. This is what most of the new members do. They do not spend enough time to read and my concern is for them not for those who come to the forum to seek knowledge. |
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Gary Gensler is currently the most influential entity in crypto space, only he can deside when the bull market starts until then this is still a bear market with stagnation, depression and most likely more dumping towards sub $20k with a shattered wick revisiting the $15k floor will be the perfect entry for Blackrock + consorts.
Besides that, you know why all those Twitter bulls are always wrong?
Because they are all fcking lying retards just like those Youtube Crypo influancers pulling weard faces. Wouldn't be surprised if they are behind those Twitter accounts.
The same thing goes in my mind. Blackrock like giants entering the market that means there will be manipulation into the market so that they can accumulate cheap bitcoin from the market. When that so-called influencer on Twitter and YouTube keeps shouting about bull coming i fear for the worst. |
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[edited out]
Yes, you are right i am only purchasing when my dip formula triggers. Because of this always have funds when the market crashes. After investing that money i started saving my money for the next dip and in this way, I have been buying for the last 2 years. I need to take a look at all my transactions to calculate an average but i am confident that i have more than those who are doing DCA a regular intervals. I know bitcoin investors feel anxious if they have any cash in their hands. They wanted to buy more Bitcoin no matter what the price is. That is why i mentioned that SIP makes people psychologically disciplined. I don't have any objection to what you are doing or even any kind of dispute that your system is able to beat a pure DCA approach. However, your approach is likely much better applied after you have already accumulated a decent amount of BTC rather than an approach for either a beginner no coiner/low coiner or someone who considers themselves to be in very early stages of BTC accumulation... but surely once you might have already crossed some BTC accumulation threshold, then there can be a decent amount of advantages to customize your strategies or even to move away from DCA and more into Buying on dip or some variation of those which seems to be what your SIP approach represents. Your observation is notably good. But are you certain that there will not be any more dip? As far as I know, when some big company or organization tries to enter the Bitcoin market it crashes down to give them a better opportunity to accumulate Bitcoin at a low price. This is pure manipulation but this has happened before. It is certain that Blackrock-like company is coming to the Bitcoin market in the future so don't you think there will be some kind of manipulation before the next halving events? |
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This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm
Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now. So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year. I think you are not understanding what I posted. At no point did I say I was waiting for a lower price. I was saying that this dip feels like the same buying opportunity that presented itself to us in the 15-16k dip. I’m allocating more buying $ at this level on top of any dca I’m doing. hahahahahaha I was going to respond to superman184 and say something very similar in regards to what had seemed to have been a misreading (and/or misunderstanding of what you had previously posted), but much better coming from you... and probably was not exactly clear in your first post... that's one of the risks of writing too cryptically and without explanations. Personally, I enjoy reading some of the details regarding what people are doing, so for example, they might say that they have a regular DCA amount that is weekly or monthly or twice a month, and they might not even say the size of it, but you stated more clearly in your second post that you are continuing with your regular DCA amount and adding more too it.. which seems to show a better understanding of the difference between DCA and buying on dip, even though they frequently will blend because if you keep on buying extra on the dip and then that regularly extra buy on the dip becomes a kind of hybrid of DCA and buying on the dip since you are adding it during a dipping time and then presumptively removing it once BTC prices go above a certain threshold (if we can presume that some day the BTC prices may well end up going up from here). This might be the reason I am not doing DCA instead I am doing SIP( Systematic Investment Plans ) Every time i see a dip in the market I buy as much as i can. I am not investing every month but I am investing regularly which makes it more adaptable and flexible for the volatile market when for a strategy like DCA you need to invest a constant amount in regular intervals. DCA can reduce emotional decision making but SIP strategy can make you more disciplined psychologically. Also, DCA costs more transaction fees because of the frequent transaction that needs to be done. I think SIP is not as popular as DCA because i haven't found too many people talking about this. ansaction I am going to suggest that your description of SIP does not sound like it is anything that special because in the way that you describe it, it is not that much of a variation of DCA.. and it largely sounds like a variation of DCA... especially since the intervals of DCA can spread out too.. and so your mere assertion that you are attempting to be strategic with when you are employ your DCA in order to attempt to buy on dips, but you are still attempting to buy regularly, so in essence you are still attempting to do your own variation of DCA. Now, on the other hand, if you tell me that you are ONLY attempting to buy on the dips and you just let the incoming money build up until your buy on the dip formula triggers, then maybe in that case you might not be DCA'ing.. but even those who are buying on the dip will sometimes start to get anxious if they have several months of cash building up and not getting put to work (out of concern that the BTC price might not dip anymore). Yes, you are right i am only purchasing when my dip formula triggers. Because of this always have funds when the market crashes. After investing that money i started saving my money for the next dip and in this way, I have been buying for the last 2 years. I need to take a look at all my transactions to calculate an average but i am confident that i have more than those who are doing DCA a regular intervals. I know bitcoin investors feel anxious if they have any cash in their hands. They wanted to buy more Bitcoin no matter what the price is. That is why i mentioned that SIP makes people psychologically disciplined. (out of concern that the BTC price might not dip anymore)
Maybe you are right this time but i am expecting a last one before the halving. If your prediction becomes true then i will buy everything i have one month before halving. This is my plan for now. Crypto is full of surprises so who knows what happens next? One negative news we will dip or one positive news we will pump. |
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Sometimes I think if there isn't any signature campaign this forum would lose organic users and activity slowly.
I'm not trying to attack you or your opinion but we have to set the records straight. Without any benefits, you will not be here. There must be something keeping each and everyone of us here. Remember, not everyone here is wearing signature; some are here for the knowledge, others are here to promote their business while there are people here just to feel among the Bitcoin community. Our motives are different and that is how it should be. Yes, I am benefiting from the forum by sharpening my mind by reading discussions from some OG members in the forum. I am not here to make anyone happy and I am wearing a signature that doesn't mean I am only here for the signature. I am not against you or against inviting new people, i just want them to respect the forum rules which most new members don't. When i do not have anything to do i come to the forum to read comments. You can say i spend some of my free time doing this i am getting used to it. |
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This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm
Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now. So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year. I think you are not understanding what I posted. At no point did I say I was waiting for a lower price. I was saying that this dip feels like the same buying opportunity that presented itself to us in the 15-16k dip. I’m allocating more buying $ at this level on top of any dca I’m doing. hahahahahaha I was going to respond to superman184 and say something very similar in regards to what had seemed to have been a misreading (and/or misunderstanding of what you had previously posted), but much better coming from you... and probably was not exactly clear in your first post... that's one of the risks of writing too cryptically and without explanations. Personally, I enjoy reading some of the details regarding what people are doing, so for example, they might say that they have a regular DCA amount that is weekly or monthly or twice a month, and they might not even say the size of it, but you stated more clearly in your second post that you are continuing with your regular DCA amount and adding more too it.. which seems to show a better understanding of the difference between DCA and buying on dip, even though they frequently will blend because if you keep on buying extra on the dip and then that regularly extra buy on the dip becomes a kind of hybrid of DCA and buying on the dip since you are adding it during a dipping time and then presumptively removing it once BTC prices go above a certain threshold (if we can presume that some day the BTC prices may well end up going up from here). This might be the reason I am not doing DCA instead I am doing SIP( Systematic Investment Plans ) Every time i see a dip in the market I buy as much as i can. I am not investing every month but I am investing regularly which makes it more adaptable and flexible for the volatile market when for a strategy like DCA you need to invest a constant amount in regular intervals. DCA can reduce emotional decision making but SIP strategy can make you more disciplined psychologically. Also, DCA costs more transaction fees because of the frequent transaction that needs to be done. I think SIP is not as popular as DCA because i haven't found too many people talking about this. ansaction |
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This is Address poisoning attack. Not something new.
I had completely forgotten about it, I guess seeing the dust double spent threw me off. There are so many things weird with this particular attacker. This type of attack looks to have a very low success rate as it is, which means decreasing that "window of opportunity" to scam makes no sense. For example I wouldn't have seen this transaction if I had checked my wallet a couple of hours later. By design double-spend attacks have a low success rate due to their complexity to execute. As you have mentioned you might have missed that transaction completely if you haven't checked your wallet within that specific timeframe. So the attacker needs to rely on their luck as well and a dust attack can put a red flag into the owner's mind that their wallet is targeted by a scammer. So they will be more cautious every time they do something with their wallet. |
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we are trying to make water wet  .Saw this interview video clip posted on telegram by a news channel i am following, the interview had former president of PayPal and in the video clip, he's saying that, they are trying to turn Bitcoin into a Global payment Network, and in my own words, what I heard is "they are trying to make water wet 😂.. Who exactly are they trying to fool?, Bitcoin in my own understanding is already a payment system for the entire globe, the former president of PayPal now saying that they are the ones trying to turn Bitcoin into a global payment Network is highly ridiculous and laughable. Are they trying to steal Satoshi's glory? Not possible I believe.. Source: https://t.me/WatcherGuru/5234 So they are going to put a door into a house and call it their innovation! Bitcoin was created to become the decentralized payments system and it is working fine that way till now. now they are trying to provide service for it and telling the world we are going to make it a global payment system. Look we are doing you a favor. This is kind of funny you know. If we keep the criticism apart and consider PayPal's influence in action then I can say they can make Bitcoin transactions more user-friendly for their users. This will provide a convenient way for their users but this will not benefit the decentralization of bitcoin. |
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~
Even if all the rich people out there in world gathered around in a circle to claim that they will put free BTC in my own seed phrase, I ain't going to bite even if it was a legitimate one. I would be more curious to how they got my deets so that they can contact me, although I would already assume this is the usual method by scammers in gathering raw contact information for cold emails/calls/messages just to bait the crap out of them. If possible as well, just use a separate wallet that would be entirely for "utilized purposes" not for hodling. I do have separate wallet for hodling and many others for "utility" where active transactions come by. Airdrops are kinda 80/20 for me especially when back in the days, one project in here claimed to have partnership with MEW that was just attempting to phish me. I couldn't keep track of the airdrops I joined back around 2018, so I cannot say which is which. Yeah, I am using a hardware wallet to hold assets for the long term and I also have a wallet that I use for everyday transactions. Precaution is good and we all should take it. The area of airdrop is a bit different now than before. Now users need to do a lot of tasks and use their funds to be eligible for an airdrop. It is not easy nowadays so people don't fall for those free few hundred dollars worth of tokens anymore. But when they saw a potential airdrop project made an announcement about the airdrop that why were working for they could not resist themself not to clicking the link because of the hard work they had done to get it. They don't think twice because of FOMO. But we should be cautious because we have see how official discord and twitter can be hacked easily and promote fake link by the scammers. |
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I'm definitely no environmentalist, but I'm a bit certain that even if Bitcoin wasn't invented a decade ago, our environment would be little to no different. When miners have less money to spend, they have to consume less power too. So the next Bitcoin halving will reduce Bitcoin's energy consumption. Unless the Bitcoin price goes up more, but eventually halvings will catch up as the price can't keep doubling. So if the price doesn't pump after halving like it always did, there will be a drop in the hash rate. Small miners will be forced to shut down their business and the Bitcoin network will be unsecured. So bull run is necessary after every halving because we need miners to keep mining bitcoin. They will not continue their mining operation if there isn't enough profits for them from mining. Easy math I guess! |
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Yeah I was on Jochen earlier trying to find what is the optimal fee to use to send a transaction and noticed the huge spike which skewed the entire chart, https://jochen-hoenicke.de/queue/#BTC,24h,feeSee that high peak, yeah that was the transaction. I think this person instead of using a wallet, they probably wrote out the transaction by hand and got the miner fee mixed up with the transaction fee. This is the only way I can see this happening since its most likely not laundering funds since it was mined by a large pool and not an unknown miner. You have raised a good point. Mixing miner fees for transaction fees is understandable but a person with such an amount doesn't know which one is a miner fee is weird. Perhaps he sent that transaction in a hurry and didn't notice that the transaction fees he put in were enormous. There can be a wallet glitch as well. We don't know which wallet he was using so this is another possibility. I do not think that Send is a newcomer because a newcomer with that amount of Bitcoin is rare. What if this was done with the intention of money laundering? This is a strange case and this doesn't look like a traditional money laundering. Perhaps someone was trying to obfuscate the origins of the BTC. But paying high fees like this doesn't make sense in traditional money laundering cases. |
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There are too many forum boards, which in fact not needed. Like Bitcoin Dissussion - all child boards - Press, Meetups, Important Announcements. In Important Announcements - all threads are outdated. Or in Meta - New forum software and Bitcoin Wiki - threads are also outdated. And much more forum boards need deleted. Good example - In Important Announcements first page newest thread is from 2018, majority from 2013. Much less forum boards can give a lot more info for members, which is not so complicated and not outdated.Hope forum admin give me higher rank for good suggestion. That board contains lots of valuable content. Sometimes they can be used as references. It is true we already have too many boards and some of them have low activity and some of them are full of spam content but that doesn't make all of them useless. Maybe we can archive them but new members will never know where to find them.  Can you see these minus buttons? Just click them if you think there is too many boards and you do not want to see some of them. It will remove your stress.  |
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Inviting them to do what? Most of the new people who are spamming the forum are here because of catching the earning opportunity. Sometimes I think if there isn't any signature campaign this forum would lose organic users and activity slowly. If your friends or family recently learned about bitcoin and want to learn more then invite them to this forum. This forum contains core knowledge about bitcoin. This forum was founded by satoshi himself so to be in this fourm and learn from some legends will be a honor.
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This was like tipping a waiter a Lambo for a glass of water. It must be painful for that sender but some miners claim a jackpot. In crypto sometimes your carelessness can bring embarrassment to you like having the wrong tattoo on your butt which will never go. If these were from a traditional banking sector many things could be done to recover that fund. But in crypto, this can be tricky because it is not a regulated territory where police will knock on the door and tell you to return the funds mistakenly sent by you. If the miner is generous enough he might return the fund but this was a lesson for all of us and it will be for rest of the year that we should check multiple times before clicking the send button. |
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Same issue goes for DT2 manipulation and there, it's a much bigger issue because a DT1 member can add a DT2 member very easily by just including the account. Manipulation, where abusers would need at least 5 DT1 accounts is much more difficult than to manipulate DT2 inclusion, where only 1 DT1 member is necessary.
You can be sure that if there's possible abuse, more DT1 members will look into it and overturn any abuser's votes.
Why rely on votes from DT1 members only when there is a concern that all of them will not vote and many of them don't care? Can't we do a weight-based voting system? DT1 members will have 3 voting power and DT2 members will have 1. To pass a decision at least 50% of DT1 member's vote should be mandatory. This can reduce potential bias as well. |
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I think miners are not very happy in Texas, even if it is mining-friendly. because of the high hash rate and the price. I once read a news story shared by the CEO of Binance (CZ). It says Lebanon has the lowest cost to mine 1 BTC, which means it was a few hundred dollars. Well, the cost of electricity is high in the US and also in Texas. But besides this, that's a good and important point for the miner, but honestly, big miners do not give a fuc**k about such news.
Lebanon might have lower mining costs for Bitcoin but there are several factors that need to be considered like local regulation, hardware accessibility, political stability etc. Texas might be costly for bitcoin miners but it has a more friendly environment than lebanon for bitcoin mining companies. This is the reason we have seen a surge in bitcoin mining activity in Texas, especially after China's crackdown on bitcoin miners. A higher hash rate means a more competitive environment for miners but a higher hash rate provides a more secure network. Mining companies might be running at a loss but as we are near halving prices will surge once again and they will recover their loss soon enough. Big miners can get discounts on hardware and they can buy for a better unit cost for their electricity consumption so why they should care! It seems mining cost is not the only factor miners should think about. They are mostly thinking about current and future prospects. |
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I dont know why some people in the thread talk about a fixed ammount per month to make the DCA , man put whatever you can, its not the same the ammount who can purchase a guy from USA with a much more income than a guy in Malasia earning 30 usd at week.
The key factor its making something and having a save on BTC.
About fees, dont overthink it too much when you reach X ammount and the fee are below 2% go ahead and make the withdraw.
Investing the same amount of money at the same interval makes a good habit of investment. It is not about the amount and no one will punish you if you invest more. It is necessary to create a habit of investment which is very important for an investor who wants to DCA for a very long time. I think the main problem with DCA is the fees. If you have been doing DCA for over 3 years and you have made more than 100 transactions already then you know the total amount of fees you have paid is not tiny. An investor who can only invest 50$ a month needs to consider every bit of dust he can save for himself. The goal is to fill your bucket as much as you can without losing much of it. |
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Interesting: THNDR plans to continue rolling out competitive gaming and social features to the platform throughout the year. The company’s most recent title “Club Bitcoin: Solitaire,” has become the highest ranking bitcoin game of all time, reaching #21 in the U.S. App Store It is also interesting that they have opted for badges rather than a variant of NFT game assets. While I haven't seen or played the game crossing tetris with sudoku is an interesting concept. I wonder if this game could be well on its way to achieving future internet gold. Using cryptocurrencies with competitive gaming! A forward-thinking approach was taken by THNDR. I have heard of " Club Bitcoin: Solitaire", which is ranked #21 in the U.S. App Store though I am having a hard time finding it in my region. This is really a bold approach that creates a unique space for them in the Bitcoin-centric gaming universe. Instead of using a bank or other 3rd party platform users can withdraw their profit in bitcoin which is less costly and convenient. |
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There are alot of reasons people fear investing in Bitcoin especially in my locality. These reasons are numerous ranging from fear of losses , scams , security issues and lots more .I got to understand this by asking a couple of persons what they knew about Bitcoin and if they had any intention of investing sonner . about 98% of them had heard about Bitcoin but only about 10% really understood what Bitcoin was . Of what I could understand I discovered that over 50% of them understood Bitcoin as a get Rich quick scheme which was why most of them thought of it as a scam because they had been scammed through their false idea of Bitcoin as a get Rich quick scheme.
The others which had idea about Bitcoin I discovered were investors in the Bitcoin space.
This brought me into thinking how do we make people understand Bitcoin properly in order to prevent them from being scammed and end up disliking the crypto space. Is introducing them into Bitcoin talk enough ? If no what else more can we do easily to make them actually get the idea of Bitcoin.
How exactly were they deceived that made them consider bitcoin a scam? If at the market an apple seller deceived me during the sale, this is not a reason for me to refuse the apples and consider them damaged goods, right. But you shouldn’t force people to do anything, especially to understand bitcoin. If people want, they themselves will try to understand the idea of bitcoin. How many of you were attracted to bitcoin here because someone forced you to understand bitcoin correctly or talked about bitcoin with you ? Here's your answer. A survey conducted on a small group of people can provide inaccurate information. You are right about bitcoin. dishonest behavior of an individual can not represent the value or utility of a product or concept. People who think Bitcoin is a scam don't know much about Bitcoin or have had any bad experiences with it so they think the whole industry is bad which is wrong. Forcing someone to understand something is not the right approach. We should create a friendly environment where information about Bitcoin will be easily accessible and spread awareness about its benefits in certain scenarios. |
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Its all about finding your comfort zone.
So, it is totally my personal choice to stick to Bitcoin. Others can choose whatever they can benefit from. I have no issue with that. All I said is that I have experienced some bad things in the past with altcoins. So people should be aware of that too and choose after analyzing and researching. Because nowadays, good projects hardly come by. I have had some bad experiences with altcoin as well but as long as i can remember my biggest gain was from altcoin too. It is not that hard to earn money from altcoin actually. Bitcoin will give multiple X profits in every cycle but for altcoin, most don't cross their ATH in the next bull cycle. Still, people made a lot of money from them. Have you ever thought about how? You just need to understand what trend is running and what is upcoming. When there is a trend running in the altcoin market most of the tokens from that category do well and give multiple X ROI. So if you can spear a small amount of funds to play with altcoin and you know how to play you should do that. You do not need to sell your bitcoin for that. |
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