Hi everyone,
I have have a question regarding the implementation of Bitcoin technology in a specific sector.
I was wondering what was the key concepts, technical characteristics of Bitcoin that we need to keep in mind when implementing it in a specific sector, organization, businesses other than the financial aspects of it ?
Typically, it's about being a payment that you'd apply to a specific business and sector. But broadly then it is going to include the technology which is blockchain. It's actually a huge and wide scope and you'll find out when you start to dive into it. Is there any books, research paper on how Bitcoin can have an impact other than just for financial reasons can y'all recommend me ? Thank you for your help and time.  I'd recommend you the popular book of Andreas which is the: Mastering Bitcoin: Unlocking Digital CryptocurrenciesAnyway, that link is from google books. |
|
|
|
|
If the real satoshi is here, he'd just stomped CSW out of nowhere proving that he's a clown and a joke. People knew about that the developer/s is satoshi nakamoto as referred to himself/herself/themselves. There's no impact anymore if someone claims to be the creator of Bitcoin because there's no proof from those people that they're the real and outright developer. They can't even sign a message from the wallet that Satoshi holds those bunch of Bitcoins so why waste that energy into these clowns?
|
|
|
|
First bull run coming up for me and I am just wondering what we should all realistically be expecting over the next 18 months or so?
The cycle will happen on that period and even longer. So, expect what you have been expecting and what's being told to you but be open with any opposite actuality that might come on that period. Looking at the last bull run, Bitcoin hit $61k in March 2021 then crashed back down to $31k 4 months later and then hit all time high in November 2021.
Is the crash down to $31k normal during a bull run or did something happen?
Yes, normally after the bull run it's always have been followed by the bear market and you've seen that crash. I've seen that you've been making threads and worried of what to do on the upcoming bull run. Just let it come and prepare all of your holdings especially with BTC. I am just trying to put my plan together when it comes to selling and don't want to sell too much too soon.
Sell when you're in profit and remove the regret upon doing so. Do it psychologically because you might experience selling now and then after a few minutes or hours, the market pumps and you'd regret selling it. Forget that and accept every decision when you sell. |
|
|
|
I am in favor of lump sum if someone is able to do that. Actually, it's best to have it through it when the investor has a lot of money but the case is different for all of us. Not everyone is able to buy huge amounts and has a lot of obligations and that's why what's left with their salaries is what they're spending to invest. So if you are an average worker and sometimes you receive bonus, I think that's the time that you should use your money wisely and do a lump sum buy. But you don't stop DCAing because whatever works for you, must work for you. As said by the others, DCA is good during the bear market and there is no doubt with that and that's also the same with lump sum if you happen to buy at one dip part of that bear.
Since the circumstances of each person are different, it makes sense that each person may have their own reasons to prefer one strategy over the other, since both strategies have their pros and cons. But for the average investor I think DCA makes more sense, as it only requires to save their money for a few weeks and then they can use it to buy the bitcoin they can afford, buying the dip with a lump sum is more profitable, but this will require from the investor the ability to predict the bottom and to have a lot of money at the time, two conditions that most people cannot really fulfill. Yup, DCA for average person is the best choice. As a person that earns averagely and being a family man, it does makes sense and the eagerness to invest should be there. Because we don't know what we can do and spend on with the money that we have if it's excess. The profitability really differs on what season that investor buys. But if we're talking here about the long term effect of either of the two, it's always been profitable as long as you'll never sell at losses because that's a total waste of time and money. Anyway, some decisions are like that when you have no choice but to sell at losses due to emergencies so don't forget as well about setting up your emergency funds so in times of need, you won't need to sacrifice your holdings. |
|
|
|
And lump sum can also be used by new investors if they have the capability to handle the high risk that comes with investing with bitcoin due to volatility, especially when you don't plan to hold for long. But for long term holders, i think It doesn't matter much which strategy your using, but I think beign strategic is good to, who doesn't like having a good result from what their doing, especially investing.
I am in favor of lump sum if someone is able to do that. Actually, it's best to have it through it when the investor has a lot of money but the case is different for all of us. Not everyone is able to buy huge amounts and has a lot of obligations and that's why what's left with their salaries is what they're spending to invest. So if you are an average worker and sometimes you receive bonus, I think that's the time that you should use your money wisely and do a lump sum buy. But you don't stop DCAing because whatever works for you, must work for you. As said by the others, DCA is good during the bear market and there is no doubt with that and that's also the same with lump sum if you happen to buy at one dip part of that bear. |
|
|
|
I am just over relating that quote to bitcoins; do you have the opinion that lone investors who are not members of any kind of forum or community about bitcoins or cryptocurrency can still be very successful investors?
Yes, someone who does probably have heard Bitcoin over the news can do their own research and gather data that they need before investing. And someone who's techy that don't even know places to be part of can be a lone ranger on this market without even going on with some communities. So for example, many of them just knew Bitcoin about gatherings and seminars and they've met people there that are not part of the forum. So, every possibility is there and the world is wide so as the communities that we're in. Someone's success in investing on the crypto market can't be measured of what community they are in or if they're not part of any. |
|
|
|
You're right, once Bitcoin has been said as a legal tender and already made into law then all citizens are forced to adopt it. But what's good with most of the governments that don't have any stance against making it a legal tender or using it as a payment is that they don't ban it. IMHO, that's a better thing to accept than seeing them banning Bitcoin but even with that, we're seeing citizens that still use Bitcoin whether as a payment choice or an investment/asset. So, regardless of what is the government stands for with Bitcoin, as long as they won't ban it. Then, that's the favor that they can do to us and of course, to Bitcoin.
You are constructive enough, Bitcoin is such that has been active even as many governments of the world ban it. Even the citizens in the country where it is banned are still using it due to the decentralization of the coin, and thanks to the P2P initiative as well. This is why I know that the government of the world will not be able to legalise Bitcoin as a sole means of payment and others, and this is because of its decentralization characteristic, it is too dangerous to rely on it. I wonder why people would think that if the government legalizes Bitcoin, they will now believe that their citizens will rely on it only, no, that will never happen. Even if they legalise Bitcoin, it will only co-exist with fiat, just like what we see in El Salvador, it can't be more or less than that. And nobody will be forcing either it or fiat on anyone, it will solely depend on the choice of the person in question to use it for payment, trading or investment. But the citizens, private and government institutions will be obliged to accept it as a means of settlement whether they like it or not. Only that they will try to plan their risk with it effectively, and life goes on. But still, I do not think this will be possible in most countries of the world as Bitcoin will only continue to exist just like how it is now but with more countries legalizing it. We're all optimistic about the adoption of Bitcoin and going back several years ago, many of us were telling that it is going to replace cash or fiat system. But as time gets by, we get to see how these governments react to these changes and what matters now is that they're not going to stop any way of adoption into their jurisdictions. Bitcoin doesn't have to be a legal tender for everyone to use, as long as there is no law that stops its people from using it, we all good with that. So with that, using it as an asset, investment or payment for any transaction is just the same. But we know that majority of us are going to use it more with being as a store of value than of currency but we're all free to do that and no one can stop its growth even these governments. |
|
|
|
An insurance thing and Binance calls it SAFU. Much better if these exchanges are educating most of their users that only them has the jurisdiction for their users fund and not the users themselves. In that case, they're giving the idea that each user that deposits and keeps their funds on these exchanges doesn't have authority over their own funds as it's like that they handed it over them. Having this insurance won't also make sense because it lies behind the promises of the exchange. They can easily say that all of deposits have insurance but there's always the clause that will save them from any trouble.
You have a point but I think there is transparency in the protection fund to an extent because users can publicly verify it. Yeah, it's the proof of reserve that Binance has said to give their users verification peace of mind. But even with that, things can go south and unexpected in so many ways. Before the crash of FTX, there was nothing like protection fund and I think this innovation is in the right step towards bringing more transparency to the CEX.
There's nothing like that because they've been trusted by their users and no one knows that they've been doing something against already to their users. I think with time, all this questions will be answered as the exchanges will also be asking themselves similar questions and how to make it even better. Seeing significant surge in the protection funds is a win worth celebrating. Half bread they say it's better than none.
I agree that they're the one to clear it and study these cases so that it won't happen again. Like you've said, better than nothing but still, this all comes in the end about having no keys and these protection can just be a word of mouth from them. |
|
|
|
|
An insurance thing and Binance calls it SAFU. Much better if these exchanges are educating most of their users that only them has the jurisdiction for their users fund and not the users themselves. In that case, they're giving the idea that each user that deposits and keeps their funds on these exchanges doesn't have authority over their own funds as it's like that they handed it over them. Having this insurance won't also make sense because it lies behind the promises of the exchange. They can easily say that all of deposits have insurance but there's always the clause that will save them from any trouble.
|
|
|
|
I'm not sure if it's good for Bitcoin. In fact, anything that reduces purchasing power prevents people from buying extra Bitcoin and forces them to focus on buying necessities like food, water, clothing, shelter, energy etc. They simply can't afford to invest anymore.
Inflation will just make everything too expensive and that's true that instead of having extra funds to invest, majority of the people are going to buy necessities than choose to invest. I've heard of this term shrinkflation before but still, it ends up with the same common thought about inflation. Whatever the terms we make or invent just to define and justify some of these situations that are produced and done by inflation, one thing is for sure that this is inevitable and this is like death and taxes, a permanent thing on this world. |
|
|
|
It's true that Bitcoin is legal mostly in majority of the countries in the world but the trust that's being said and classified as a legal tender is what people think that the non coiners will make them use and invest on it. And we've seen this in some countries that have their own legal tender but due to inflation, many of their citizens prefer another currency like in Venezuela, they have their own bolivares but many citizens prefer to pay in USD. And just as with country that have adopted bitcoin as a legal tender, they have a choice aside from own local currency.
Something being legal for payment is not the same thing as "legal tender". But yes, forcing citizens to accept a currency (which is what legal tender does) will certainly promote it. Why should Bitcoin get this privilege and not say all of the other forms of payment like other cryptos and Haypenny currencies? This sounds like the government playing favorites to me, which is unfair (and also very unwise). You're right, once Bitcoin has been said as a legal tender and already made into law then all citizens are forced to adopt it. But what's good with most of the governments that don't have any stance against making it a legal tender or using it as a payment is that they don't ban it. IMHO, that's a better thing to accept than seeing them banning Bitcoin but even with that, we're seeing citizens that still use Bitcoin whether as a payment choice or an investment/asset. So, regardless of what is the government stands for with Bitcoin, as long as they won't ban it. Then, that's the favor that they can do to us and of course, to Bitcoin. |
|
|
|
From the revelation so far, your words contradict each other and I doubt if you truly need or deserve to be advised. The only thing I can tell you is to invest wisely with what you can afford to lose.
Yeah, based on the replies of other members. He had been into Bitcoin more than the time that this thread and his story has been telling us. There's more to it and this is no longer needed for him to get some of the advise or he just want to take attention of everybody. If he's already into it and truly like to invest, he'd no need to get any affirmation and confirmation from any person and he'd just invest into Bitcoin whether it's from his savings, from his side hustle salary or any money that comes from him. As a student, he's got a lot to sacrifice for that if it's what he needs. |
|
|
|
|
It's true that Bitcoin is legal mostly in majority of the countries in the world but the trust that's being said and classified as a legal tender is what people think that the non coiners will make them use and invest on it. And we've seen this in some countries that have their own legal tender but due to inflation, many of their citizens prefer another currency like in Venezuela, they have their own bolivares but many citizens prefer to pay in USD. And just as with country that have adopted bitcoin as a legal tender, they have a choice aside from own local currency.
|
|
|
|
|
It varies, like what the quotes say about "When life gives you lemons, make lemonade". So I think that idea came from the same context of the topic when there's not that much opportunities but you can see and think outside of the situation. IMHO, the more that we're pressed hardly by life, the more that we do better. And during the pandemic, it was one of the toughest situations that everyone has dealt with. With that, too many opportunities has came out and during the laid offs, people have found a lot of ways on how to make money. Became online sellers, worked from home opportunities and even gambling, they see it as an opportunity. Although we know that gambling shouldn't be considered as that but it was like one of the hardest times and people think of every situation to find opportunity from within.
|
|
|
|
Typically, with these scam email attempts aside from deleting them I, I also block them so that I won't receive the same email from that the same person. But it can't be stopped because it's going to be nonstop attempts and they'll use different emails so if the pattern is the same, delete and block them tirelessly. And next time, be careful with any website that you sign up because many of them are just collecting the registration details and sell it and much worse if they expose it to the public. I will always regret leaving Crypto when I did. I hope I can be of assistance here again.
Everyone is going to be happy to help you out just ask and wait eventually, you'll get other members address to your concern as long as the details are there. But with your account older than most of us here, I think it is you that might give us some more info and share some experience. |
|
|
|
Guys is anybody else having issues accessing the site? Every time I try to access bc.game (or its mirror sites), I get the following error: {"code":1901, "msg":"Oops, coco is gone!", "data":{}} . Never had this error before so just wondering if it is me or a general issue?
I just accessed and I have no problem doing so, it's smooth. Try clearing your cache and then retry it - or perhaps use a different browser to access it.
Aside from these suggestions, if it's still telling the same error. Try to restart your modem, maybe it's on your internet provider's end and that's why that error code existed. I've looked for similar error that you've faced and didn't found any, maybe the rep can give us an idea what this error is all about and how to solve it. While waiting if a rep will come by to clear that, try those tips that we've said. |
|
|
|
That comparison of Bitcoin with gambling on football seems to be odd IMO. You'll only lose as you invest in Bitcoin when you're going to sell at a loss. It's the time when you decided to cut your losses and you can't do anything about it. Just in the context, Bitcoin is deflationary asset and that's why it's requiring everyone's patience for you to see the better value of it. Those that have sold too early, there are too many reasons for that. Either they need the money asap or they just don't feel like that it's going to stay based on the market situation at those times. Like for so many times when it was too down and many have lost faith on it. I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well
So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.
If this is your observation and you think that it's applicable to you then do it. What matters when you are about to buy is when you are ready to take the risk and you're prepared for the long flight that it may take because it's going to be a game of patience and we'll never know how long it will be until you want to take your profit. |
|
|
|
I've been playing BC.Game for almost a year now. Love it so far.
I send witdrawal in the morning, received money within 20 minutes.
The same experience, they have the fast process as long you're already done with what they're asking about the threshold that you need to go through before your withdrawal. Because if you'll go ahead in the past on this thread, you'd see someone who complained that he's not able to withdraw and being asked for specific wager and that's normal. I think it's not a scam since it has a verified affiliated logo of bc.game official on that Twitter account. As far as I know if the account has a logo in its Twitter handle they're the one who verified it, unless the Twitter account got hacked and the hacker is the one who verified it. Also, I tried to log in through Google Connect and it seems to be legit. I believe the mirror link page is not updated. We just need to wait for confirmation or ask the ingame support to verify.
Is that twitter handle related or owned by bc.game? I don't see any other post except that video and website that has been posted. There's this common thing if the domain is .xyz, I'd avoid that and if it's not part of the official mirror links I think that someone has to be cautious about it. |
|
|
|
By any chance, is this exchange related to CCEX which is one of the popular exchanges before around 2014 to 2015?
Not sure with that but CEX.io has been launched since 2013 and I was about to comment that they're always what I see to reply to the complaints of their users and reading the thread didn't disappoint me. ok, I'll be waiting, no other opition)
and, again, guys, I thank you all, everyone here for your support
It's nice that they've replied to you and also answered you through their email and that's all you have to do right now. Wait. Usually, with these exchange, they won't confiscate your fund if they are genuinely yours and they've halted your withdrawals and other processes. Since the rep said that they've sent this to the compliance team or rightful team to review your concern as an urgent matter, then lean on that words they've said because there's nothing pretty much we can do if they're on the process. |
|
|
|
|
Few years back and you'd see people telling the same things that we're all sorry because it's quite late. It's about on how you look at the situation and if it's not that late at all based on what you can see on the market and community, much better. All of us have given that time to stay and invest on Bitcoin while it was too early but I am sure that it was not just you nor me that have neglected it when we've got the opportunity to buy it at a nice rate. Moving on to the present time, don't feel sorry. What you'd feel sorry about is that after you've realized that it's not late but you don't do anything, you don't buy. So, act on, move on and live the present time. There's ample time for everybody to invest and this is your time.
|
|
|
|
|
Show Posts
