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501  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency restrictions in some countries is a blessing in disguise. on: August 31, 2023, 11:18:08 PM
We can say that the restriction actually increased the awareness of bitcoin entirely and also paved way for schemes like decentralized P2P to be explore by people but I doubt this advantages would have been more than the damages it caused.

Some investors lost most of their funds due to the freezing of their bank account, this rendered most of the early investors that have cryptocurrency affiliated with banks to be robbed off their hard earned money. Some of which are yet to find their feet. This also affected the adoption rate whereby people turn away from it because of government restrictions. So had the government embraced bitcoin instead of restricting it, it would have grown more adoption than it did when the other was passed
Much like what happens in countries like bangladesh or something. People in there aren't particularly aware nor supportive of bitcoin in the first place, but the fear of the government lead them to inadvertently steer people into becoming curious of what bitcoin really is and in turn invest in it. Stupid if you think about it but sometimes governments really do this for some ulterior motive. Some of them are trying to fish out bad actors who are more likely to use bitcoins to transact in private, some countries I think are banning bitcoin and then holding the people curious about it, so they could use bitcoin to jumpstart their economy altogether when they lift the ban. It's all a meticulous game of cat and mouse if I do say so myself.
502  Bitcoin / Bitcoin Discussion / Re: Irrefutable evidence that mixers alone are unsuitable for money laundering! on: August 31, 2023, 10:25:30 PM
Mixers in the past have been used alright, but the cooperation that current mixers offer to prevent money laundering and the birdbath of ill-gotten crypto has led to them becoming more of a deterrent to money laundering than something that promotes it. exchanges and mixers are in contact with each other and in a simple email, these exchanges could warn every mixer out there to freeze assets from bitcoins/cryptocurrencies coming from particular addresses. Which could easily thwart the plans of these people from the get-go and even lead to the return of the money they stole from the ones they took it from.
503  Bitcoin / Bitcoin Discussion / Re: Bitcoin achievement on: August 31, 2023, 09:46:01 PM
pretty much followed the same story as you had. I was a high school student back then too with nothing but my wits to my name. I stumbled upon this website in a whim and from then on, things started to change for me. I became affluent enough to support myself and my family (mom and dad), even went so far as to have enough money for my other investments and help other people get into bitcoin and crypto too once I felt confident about imparting the knowledge I gathered over the years. To me bitcoin is a great financial weapon in one way or another that could level the playing field between the rich and the average middle-income earner, perhaps even the poor ones. But without proper money managemetn and financial literacy I don't think I'll get here, so the "achievements" are still not necessarily just because I relied solely on bitcoin, but also because I came prepared.
504  Bitcoin / Bitcoin Discussion / Re: Lost bitcoins on: August 31, 2023, 09:28:18 PM
For the most part, no. The thing about bitcoin is that, no price point is for certain until you act upon it. With that in mind this means that should you find your lost bitcoins or gain access to them somehow after years of not being able to do so, the only time that you could affect bitcoin's price if the sale was sudden, like a couple of hours or days in between, and the amount of bitcoin you sold's high enough that it causes panic within the industry. Usually not even a few thousand bitcoins being transferred from addresses to addresses cause bitcoin's price to drop, so I'm not so sure how much bitcoins you would really need to sell in order to insinuate a price dump.
505  Bitcoin / Bitcoin Discussion / Re: Machine Learning and Bitcoin on: August 30, 2023, 11:44:29 PM
Biggest facet it could contribute to would be security. Imagine getting a security system that learns from patterns and behaviors made by malicious actors to flag you if someone comes around. That would be one of the most awesome things you can expect to do with AI and machine learning on crypto. Another would be the integration of AI and machine learning in trading, investment, and financial advisements. Having an expert behind your back is an indispensable tool especially for stuff like bitcoin and crypto in general. Making these experts bias-free and ever-learning is the cherry on top that makes every investor confident about their purchase and sale decisions since after all, it came from AI and machines that are tailor-fitted to do these stuff for breakfast
506  Bitcoin / Bitcoin Discussion / Re: Gifting satoshis to future generations on: August 30, 2023, 09:08:47 PM
I found this quote from the article to be particularly interesting:

Quote
If, for example, someone received today a floppy disk or a Sony minidisk from the ’90s, it would be very hard to find a device able to read it now. It is likely that the same problem will happen with USB sticks, so using a hardware wallet from 2019 may end up requiring multiple adapters to bridge between different communication standards.

And it made me wonder whether in 18 years, when the gift recipient has grown up, bitcoin will be as popular or as relevant.  It's a technology that might not age well in that amount of time--and I don't get the feeling that it's going to disappear or anything like that, but you wouldn't expect USB drives to disappear either.  People expect long-term growth from bitcoin, but the truth of the matter is that none of us knows what's going to happen in crypto.

Having said that, I think it's a fantastic idea to put aside some satoshis or whatever amount of bitcoin would be appropriate for a newborn.  It's a cool gift if nothing else.
I've had the same reservations too. Part of me believes that bitcoin would endure and would remain relevant for years to come, but on the other hand I can't help but be pessimistic/realistic about the tenure of things and think that something else will surely take its place in the future, if not a whole paradigm shift of cryptocurrency and decentralized finance. Tools utilization is another thing as well, but with the trend that things are going to I think we'd still be able to use USB sticks with future computers, just bear in mind the fact that even though nobody uses those goddamned mouse and keyboard adapters anymore, computer companies still leave them up for some reason. I believe that if things go well and we don't kill ourselves with war, at least enough for us to see how things will go through in the future, we'd still be able to use regular old USB sticks, so trezor wallets are still relevant and all that.
507  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 30, 2023, 08:25:20 PM
Once that's settled, keep your trezor wallet/hardware wallet along with the seedphrase/passcode in a single vault. That ensures safety and security, as well as the convenience of knowing what the authentication is. After which, include these assets in your will and testament, along with the shares that your kids will receive in full explicit detail, so no one mistakes/confuses which or who's got the share of who.
Pretty good the same as what i thought. Although hardware wallets have expiry i mean they wont work after such a long time say 10 years of not/using it, its battery/screen will simply wont work anymore, same as my ledger problems. So including it on your vault will give a hint to anyone who will get it later and the seed phrases.
Or simply let your family lawyer do the work later on..
That is truly the simplest way and the easiest. However, you need to be sure that you can trust your lawyer, and it is very understandable for people to not go that way and answer. First, again, there is the issue of trust especially if it is something that has to do with hard-earned money and long-term investment. Another thing is the insurance that only your chosen heir will get that bitcoin wealth, sometimes the law can be overturned by some technicality and it can be messy to deal with.
That's the only chink in the armor of this mechanism. The fact that it banks on the trust and the integrity of the lawyer that you will be working with. But I guess if you have such stupendous amounts of bitcoin that you're worried about passing them down to your kids, you could pretty much afford a lawyer that is either loyal to you from the get-go, or someone whose loyalty can be paid. With that in mind the only thing you'll ever be worrying is wear and tear, and you're supposed to be good to go.
508  Bitcoin / Bitcoin Discussion / Re: [JUST IN] Grayscale wins lawsuit against the SEC on: August 30, 2023, 07:13:57 PM
So that was why the price shot up to 28k yesterday to for a bit. Amazing stuff. Although I'm not quite sure what implications this would bring into the world of crypto altogether besides the fact that this will open doors for wall street wankers to dip their toes in and invest in crypto like the rest of us. Which in itself is nothing quite short of fantastic and scary at the same time since every stock that hits the wall street gets to be adopted pretty quickly by the public, but at the same time they are also prone to getting manipulated for profit, which isn't going to be great for us.

Regardless, for the meantime I guess let's just celebrate this small victory?
509  Bitcoin / Bitcoin Discussion / Re: Here is a tight slap to bitcoin haters on: August 27, 2023, 09:47:43 PM
If I had a dollar for everytime I see or hear someone say that bitcoin is dead or that it will not make it, or that it is not sustainable, I’d probably have a bitcoin with me now too. It’s so easy to hate on things you don’t understand which what I assume is the case for these firm haters. Bitcoin is monumental for a reason and the fact that it is up and running with a thriving ecosystem/market is more than enough a sentiment to prove that it is not dead, nor will it ever die soon.
510  Bitcoin / Bitcoin Discussion / Re: presuring someone into Bitcoin investment on: August 27, 2023, 09:15:00 PM
i don't think that's the right way to go. The most important thing about investing in bitcoin is making sure that you are well-aware of how things are working on it. Pressuring and coaxing someone into investing in bitcoin just rushes things and may even cause them to jump over important pointers that they couldn't flourish in the industry without. Which leads to massive losses in profit and in trust. I say you just pull in people who have already fostered interest regarding bitcoin, and bank on that interest with the proper knowledge and workarounds within the bitcoin industry. By then and only through that method will you be able to successfully influence people into investing, and set them up for success also.
511  Bitcoin / Bitcoin Discussion / Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? on: August 27, 2023, 07:13:44 PM
I say you should diversify. Sometimes putting all your eggs in one basket's bound to cause you less profit in the long run, and more losses in the process as it forces you to play around a single asset, whereas diversifying your portfolio could literally allow you to rake in profits from different assets and all that. It's a simple concept but it works wonders. So in the case of investing on bitcoin only or on altcoins, the actual best option is a choice between the two. You might wanna do that if you want to maximize profits in the bull season.
512  Bitcoin / Bitcoin Discussion / Re: When will the bitcoiners realize bitcoin is just fiat with enforced tax on: August 26, 2023, 11:48:27 PM
When will people realize that it's not cause we don't like fiat that we chose to side with bitcoin?

We chose to side with bitcoin cause here, profits are decentralized. Anyone could make it or succeed without being beaten by nepo babies, people who have privileges, or whatever the fuck's going on that gives some people unfair advantages and opportunities against other people. Bitcoin is chosen by millions of people because at the very least, in this industry we have the chance to succeed and earn money that we otherwise wouldn't have gotten if we remained your 9-5 sleeper agents. So fuck off with the "bitcoiners are stupid hurr durr it's just fiat with taxes" hell yeah it is. But at the very least when bitcoin pumps we reap the profits. When bitcoin opens opportunities for people to flourish in their careers they do. Has that happened to fiat?
513  Bitcoin / Bitcoin Discussion / Re: What are your reasons for adopting cryptocurrency? on: August 26, 2023, 11:31:06 PM
Is gaining profit the wrong answer here? last time I checked everyone was still so inclusive of whatever reason you're in for bitcoin. Didn't know you guys are now shitting down on "for profit" people just cause they don't send as much "noble messages" as the "for development and building" guy.

I'll proudly say that I'm here because of the profits. I don't think there's anything wrong with that especially if you're playing you're cards right. I get that we're hating on the paper hands out here that sell at the first sight of a dip but at the same time, you can't really blame them, they entered bitcoin like the most of us, without prior knowledge about it besides what we got.
514  Bitcoin / Bitcoin Discussion / Re: a Monopoly-Inspired Journey to Accumulate 1 BTC on: August 26, 2023, 10:56:12 PM
Given the low value of your initial investment. I say you just put it all in for bitcoin and wait things out until the next halving. If you have any ways of earning that 30 dollars back, like a job or something it would even be advantageous if you could consistently put down 30 bucks for your bitcoin investment at regular intervals. It's called DCA (Dollar Cost Averaging) which is one of the best ways for regular investors to accumulate bitcoin on a regular basis until they reach 1 bitcoin.
515  Bitcoin / Bitcoin Discussion / Re: Lessons Taken from Previous Bull Markets: How Will Your Approach Change? on: August 25, 2023, 10:41:49 PM
Judging the two bull runs I've been in, I say that I should start taking risky plays.

I've gathered a lot of profits over the two bull runs I've been in. It was awesome, but judging how high it has gotten, I say I should've stuck for longer and waited it all out. No hurt in stalling for time and waiting for a higher price point especially when it's bull run anyways, so might as well. I get why some people may scoff at this, cause after all, profit is profit. But as someone who could afford to tank losses, I say I think for people like me who have played it safe for the longest time it's best if we could actually play a little more risky to maximize our profit potential. And yeah of course, make sure that you secure your wallet. Scams and hacks will be at an all-time-high during bull runs, if you settle for complacency you won't have any funds left before the bull run ends.
516  Bitcoin / Bitcoin Discussion / Re: A creative way to introduce BTC to newcomers on: August 25, 2023, 09:25:12 PM
One of the biggest issues that I find is that Bitcoin seems to boring of a topic for most people...technology, money, socio-economic issues...
So for the past year and a half I've been working on this piece of art that turned into a newbie-friendly, fun and colorful mini movie,
that takes you through the roller coaster ride of bitcoin's 13-year history Smiley


https://youtu.be/Fvt1Ma1Nep4


I hope you enjoy it, and please help spread the word!
Amazing vid. I enjoyed every single minute of it. It's quick and concise, doesn't bullshit around and I like how it's artistically-made so people will still find enjoyment from being blasted about the history of bitcoin. If I could rate it I'd give it a solid 10/10. I reckon you might want to make this a full-time feature on your channel. Just make informative content about tech marvels and all that through artistic interpretation of how it works. You'd be big in the youtube scene.

Oh, and you also earned a subscriber. Amazing vid mate, hope to see more from you.
517  Bitcoin / Bitcoin Discussion / Re: How do you go about realizing gains? If you opt not to, what is your reason? on: August 25, 2023, 08:51:23 PM
Uhm holding? I guess?

There's only one way you can reliably make money in this industry anyway which is through holding blue-chip crypto like bitcoin and ethereum. If you're looking to maximize your profit potential I say you might wanna go for the DCA strategy even, as it influences you to buy bitcoin on regular intervals regardless of the price action of bitcoin or whatever value thereof. You can settle with just holding bitcoin for the meantime and pulling it out at the height of the bull run. There's a plethora of ways for you to invest your money on crypto and expect profit. The only thing that you'll have to actually worry about is how much are you going to fork over from your money.
518  Bitcoin / Bitcoin Discussion / Re: I think we need to start asking people if...... on: August 25, 2023, 08:14:40 PM
It's relative. Some countries are well aware of how crypto and bitcoin works. In the Philippines you do that and people will give you the funny looks. It's not that bad either that much I can say but at the same time I don't want to subject people into so much trouble especially after fixing my sink just to get them into bitcoin. Although if the welcome the idea why not. I agree with asking people if they want to get paid with bitcoin but this could drive some bitcoin fanatics into thinking they can just shove the bitcoin narrative to people's faces which is going to be a delicate slope to take. So still ask people if they want to get paid with bitcoin, but the first sign of rejection should be taken as it is and not be pushed too far already.

519  Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip. on: August 25, 2023, 07:38:01 PM
This is as low as you can get with bitcoin. If you're waiting for an even lower value to entry you're going to be too late to the party one way or another. So might as well just buy the current price point and stock up on bitcoins whenever you can. I myself would recommend the DCA strategy as it makes sure you don't get left behind on the bitcoin party no matter what the price point is at the time. If buying bitcoins on an interval isn't much your style, just buy it as much as possible. Makes sure that you have a stake at it no matter what.

Don't wait it out, the market's not going to wait for you. It's either you make the choice or you lose the chance.
520  Economy / Economics / Re: BRICS has become eleven countries instead of five. on: August 24, 2023, 10:31:28 PM
Considering the fact that these countries are either in relation or in retaliation with the USA, I say the inclusions of these countries aren't so bad after all. It's not meant to specifically target US and its military, nor does it aim to push for civil unrest. I think people demonize the BRICS just cause they have countries that aren't in good terms with the US, when the primary goal of this organization in the first place is to just find ways and assistance to keep allies' economies afloat during a massive financial turmoil. Which goes without saying is something that they have all rights to do.

If we want to find fault in this organization, we might need to wait a while before that happens. Otherwise, let's just assume that the BRICS is an authoritative figure with nothing in mind but the betterment of allied citizens.
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