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541  Bitcoin / Press / Re: 2021-01-08 Forbes - Data Reveals What’s Behind The Huge 2021 Bitcoin Price Boom on: January 10, 2021, 06:16:42 PM
...

A whale used to be someone that could move the market. Now, it is someone that you envy.


Exactly, lol. 

The higher the fiat price so the larger the "market cap" the less likely that someone dumping X coins will move the market.
542  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 09, 2021, 11:50:52 AM
Where do you think the printed money goes? It certainly doesn't go in my pockets, let alone in yours.
https://fred.stlouisfed.org/series/CURRCIR
https://tradingeconomics.com/united-states/money-supply-m0
Yes, it's logical to me: the more they print the more they sustain the crippling economy.
You're right on one thing though: where the heck is inflation?

I cannot disagree if you are implying that bitcoin is being glaringly manipulated. Tether is 50% of bitcoin’s volume and they can infinite print USDT without regulation to continue the pump.

However, it appears everyone in the forum will call it FUD if I ask questions about this.

I wouldn't say it was FUD.  It is a valid point about printing fiat (and then USDT as a result) - assuming I didn't misconstrue what you said.  If your point was about governments massively printing fiat some of which gets funneled into USDT, my question is whether this is manipulation or smart people protecting themselves from potential inflation and other polices while they can.
543  Bitcoin / Bitcoin Discussion / Re: How One Can obtain bitcoins? on: January 09, 2021, 11:45:26 AM
There are different ways by which we can obtain bitcoins like Buying on exchange, accepting bitcoin payments or using mining.
Which is the fast and beneficial resources of obtaining bitcoin??

If you have the fiat the fastest way is to buy bitcoin.  If you have marketable skills, then earning money and then using it to purchase bitcoin is reasonably fast (pretty similar to getting paid in bitcoin).  If you have products to sell, maybe you have a farm, or a manufacturing plant, you can sell them for fiat or bitcoin.  Mining will require miners which will require money to purchase and to pay for power.

The short answer is: what is the fastest way to earning money unless you already have money to invest.
544  Bitcoin / Press / Re: 2021-01-08 Forbes - Data Reveals What’s Behind The Huge 2021 Bitcoin Price Boom on: January 08, 2021, 06:43:02 PM
Quote
Bitcoin has had a phenomenal start to 2021, topping $40,000 per bitcoin for the first time ever.

The bitcoin price has added a staggering 400% over the last 12 months, climbing as institutional investors warm to the cryptocurrency and payments giants such as PayPal add their support.

Now, with retail investors increasingly eyeing bitcoin in light of its recent gains, new research shows how bitcoin "whales" accumulated a huge number of bitcoin tokens in December, helping the bitcoin price to never-before-seen highs.

https://www.forbes.com/sites/billybambrough/2021/01/08/is-this-whats-really-behind-the-huge-2021-bitcoin-price-boom/

So, according to a Kraken report, not only did the aggregate number of bitcoin in whale addresses hit its highest level all year, 11.46 million bitcoin, but addresses with a balance of more than 100 bitcoin surpassed 16,300, a reading last seen on March 16, 2020.
Interesting.

It is funny to see that now a "whale" is:
"Bitcoin 'whales,' addresses with more than 100 bitcoin."

Over the long term bitcoin will do more for the pseudo-science of economics than has been done for economics ever.  The ability to track transactions, supply and demand, will provide ample ground for analysis.  Of course hopefully taproot and other improvements will provide additional privacy protections.

545  Bitcoin / Bitcoin Discussion / Re: How much btc do you need to secure your future? on: January 07, 2021, 10:25:23 PM
I'm a Simple and cheap living human ,so i guess 10 btc is more than enough for me to live forever,as i am health conscious and Never been hospitalized seriously my entire life.

LOL.. do you have 10 BTC in your wallet? I would assume less than 0.1% of the Bitcointalk users will be having more than 10 BTC with them. Even most of the earliest users have sold their coin holdings many years ago. Only a minority has held on to them. And with institutional investors mopping up most of the available supply, the number of coins held by individual investors has undergone a decline.

It would be interesting to know the stats, but it would likewise be difficult to get answers.  Few will feel comfortable disclosing that.
546  Bitcoin / Bitcoin Discussion / Re: the power of HOLD and believe on: January 07, 2021, 06:05:27 PM
People who HODL and never sell are fools.  Say you brought 1BTC when they were $1K.  If you just held it you would have $29K (which is a good return for 5 years).  But after that, at one point your investment went down to just $3K.  If however you saw the 2017 peak and sold at $16K on the way down and then brought at $4K (2019) on the way back up again, you would have 4BTC at $29K.  That is over $100K.

Obviously if you know the future then you can time the market.  No one knows when the peaks and when the troughs are though except in hindsight.  If everyone knew that $19.x K was the high, everyone would've sold.  If everyone knew the future, then they would've bought at $1.

Buying and holding is a great strategy for everyone who has done it so far.  Will this time be different?  Who knows except that EVERY time is different than the last.  This time institutional buying is more long term than trading, e.g. things like short term trading on Coinbase/Coinbase Pro/Gemini vs MSTR, Square, Galaxy, MassMutual, Guggenheim, and of course, GBTC (which is in turn owned by places like ARK, Kinetics, etc.)  From what I've read, these are long term holders looking for diversification.   Would they panic sell?  Perhaps, but much less likely than leveraged traderson any of the trading platforms or people in 2017 who were trying to make a quick buck and then panicked.  This adds stability to the fiat price and also decreases supply for sale which alone will increase the fiat price, let alone the halving last year, and the increase in demand.

Sure each time people were saying "bubble" there was volatility, but likewise each time there was an order of magnitude or 2 growth in fiat price and then it came down some, but nowhere near back to the earlier prices.  It then ended up retracing back to the next high.  

So if you know the future, time the market.  If you don't know the future, well, think about what really makes sense.
547  Bitcoin / Press / Re: 2021-01-06 Forbes - Dreaming Of Becoming A Bitcoin Billionaire? on: January 07, 2021, 03:50:16 PM
"The author must have missed some nice buying opportunities along the way." - exactly.  

Re the questions, seems click-bait-y to me:
1. Idiotic.
2.  Kind of dumb answer, he neglects that if these institutional investors hold long term, it reduces available supply, which when demand is constant or increasing, results in higher fiat prices.
3.  "...the concern can’t possibly justify the nearly doubling of Bitcoin’s price in 30 days."  Certainly not.  But the *awareness* of the concern AND the *awareness* of ways to combat the concern after 11 years of people poo-pooing the idea of crypto being protection certainly can.  Before someone flew, or a satellite orbited the earth, things were different and it changed only in a few hours.  Look at Sputnik for example.
4. He ignores elements of the "network effect" to make a point.
5. Fair point except the "may be divorced from reality" point.  It may be, but it certainly was "divorced from reality" between 2009 and 2016.

If Rob Berger had been as prescient as he acts now he would've had his clients buy pretty much any time between 2009 and June 2020 (or even through all of 2020 given the fiat price move since).

548  Bitcoin / Press / Re: 2021-1-2 Coindesk - Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy on: January 07, 2021, 01:22:04 PM
@figmentofmyass. However, look at the chart. This appears to be very similar to a bubble ready to burst. Similar to the 2 bubbles bitcoin has witnessed in the past. You reckon institutions would take that risk by buying today? Also, if the market is really manipulated by them, would it not he better to buy the bottom and manipulate it to sell during the height of the pump?
Like figmentofmyass already explained, I think they can sustain whatever price levels they want. Before the covid19 crash that happened in March, wall street was in a bubble too and it popped. Nonetheless, here it is at those prices again without any actual link to what's happening in the economy.
Maybe bitcoin price is going up to a certain point and then it will magically pop because of some unforeseen (or carefully planned) black swan.
I have 100% confidence in bitcoin as an asset and as a technology but I don't trust what drives the market right now.

Is it a bubble?  Maybe.  I do recall though that every single new high - $0.30, dollar parity, $10, $30, $100, $1000 and gold parity, $2000, $10000, $20000 - was also called a bubble.  Every time people said it was a bubble.  Even dollar parity, because it was a "ponzi", "wasn't secure", etc.  Really, I think that there were at least 10-12 times when people have said it was a bubble that I've noticed.  It has been much more than 2 bubbles though.  Each time may have been a bubble at the time, but for longer term, it didn't matter.  Some people called the guy who bought the pizza for Laszlo stupid for doing it in payment for bitcoin because it was worthless - many others thought it was great.  (Now the reverse is true calling Laszlo stupid for doing it, but he is anything but stupid.)

Remember EVERY time is different than the last.  This time institutional buying is more long term than trading, e.g. things like short term trading on Coinbase/Coinbase Pro/Gemini vs MSTR, Square, Galaxy, MassMutual, Guggenheim, and of course, GBTC (which is in turn owned by places like ARK, Kinetics, etc.)  From what I've read, these are long term holders looking for diversification.   Would they panic sell?  Perhaps, but much less likely than leveraged traderson any of the trading platforms or people in 2017 who were trying to make a quick buck and then panicked.  This adds stability to the fiat price and also decreases supply for sale which alone will increase the fiat price, let alone the halving last year, and the increase in demand.

Sure each time people were saying "bubble" there was volatility, but likewise each time there was an order of magnitude or 2 growth in fiat price and then it came down some, but nowhere near back to the earlier prices.  It then ended up retracing back to the next high.  

I have said it before, but anyone who has bought and held over the past 11 years has done great.  Even buying during the $1000 bubble, or the $30 bubble etc.  

Likewise, each year that bitcoin survives makes it much more likely it won't collapse.  2010, 2011, collapse was possible, low in my opinion at the time, but possible.  With time, with each institution and each person involved that likelihood has dropped.  It is always still possible, but extremely unlikely now.





549  Bitcoin / Press / Re: 2021-01-04 Coindesk - Why I’ve Changed My Mind on Bitcoin on: January 06, 2021, 06:04:33 PM
In a post covid dystopian world buying assets that cannot be forfeited and seized is vital to preserve our wealth. Gold cannot help us in this sense while bitcoin seems to many the only viable alternative. In this sense, I believe, something like 2% is not enough.

You are right, 2% isn't enough to make much of a difference to most people.  I think he (and others) just pull numbers out of their hats.
550  Bitcoin / Press / Re: 2021-01-04 Coindesk - Why I’ve Changed My Mind on Bitcoin on: January 06, 2021, 04:29:01 PM
Another article that mainly focuses on comparisons of Bitcoin and gold, but how many times do people need to be told that gold is so different from Bitcoin? The author of the article of course refers to the history of gold in the US, especially emphasizing what happened in 1933 ("government banned the ownership of gold bullion / coinage for all US citizens"), and continues with the advice that no one should invest more than 2 % portfolio into something that will sooner or later collapse.

Personally, I’ve never heard of this person - and from everything he’s written he doesn’t seem to have changed his mind - he just wants to be in trend and get some attention for his blog.

I agree. He just seems to want clicks. 

The 1933 gold analogy is a valid one, gold can be seized (e.g. stolen) while at home or at a border from anywhere to anywhere else.  So places like South Korea, Hong Kong, most places in Europe, the US (with the potential for authoritarianism there now), India, Russia, pretty much everywhere, with capital controls or potential capital controls should be buying crypto now.  People who leave preparation to the last minute won't be able to prepare.

Buying 2% of your portfolio now may make it 20% or 40% or 200% if we hit another order or magnitude or two of growth which is certainly possible.
551  Bitcoin / Bitcoin Technical Support / Re: SSD Recovery on: January 04, 2021, 07:46:56 PM
hello all

my old account has been locked and told to email some recovery email to get it opened again, so i just made a new one to post a quick question.

back in 2014 i was a noob and had some bitcoins on a windows OS on a samsung 840 evo 120gb SSD, i let a friend play around it and they deleted the partition that had my wallet file and installed ubuntu on top of it, i see alot of conflicting information regarding the possibility of recovering my wallet.dat file some say if the SSD has TRIM i wont be able to recover data, others say i have a small chance

the SSD in question was probably turned on a handful of times 5 years ago but not really used at all since, so:

1. Is it t all possible to recover my wallet file if i send it to professionals?

2. do i actually tell the professionals im looking to recover a wallet file?(something tells me to be wary, and if i should how do i word it?)

Thank you!!!

The bolded part is key.  Whatever you do, don't turn it on again.  Likewise, was "turned on a handful of times" and left on for weeks at a time or minutes at a time?  Likewise, if 10GB was installed it is a lot different than if 100GB was installed.

So there is a chance, as far as telling them, if you trust them, yes.  If they are just going to "recover everything on there" they might see the file names too depending of course on what has been over written and not.
552  Bitcoin / Bitcoin Discussion / Re: example wallet.dat on: January 04, 2021, 07:41:21 PM
Hey all,

I've been browsing the web for an example wallet.dat and had no luck finding one. Do i have to reinstall bitcoin core to create a new wallet to find a wallet.dat file or are there any examples around on the web someone kind enough can point me too, thanks.

Usually if there is no wallet.dat file or directory, stopping and restarting bitcoin-core will recreate it.  (And you wouldn't have to re-download the block chain to do so.)

The wallet.dat file is accessed using Berkeley DB, is there something you are trying to accomplish by accessing it directly?

( see e.g. https://github.com/bitcoin/bitcoin/blob/master/doc/build-unix.md
libdb4.8   Berkeley DB   Optional, wallet storage (only needed when wallet enabled)
)

It isn't like bitcoin.conf where it is just a text file, e.g.
https://github.com/bitcoin/bitcoin/blob/master/share/examples/bitcoin.conf


Perhaps if you tell us what you are trying to do you can get more responses.

edit:
Is this related to your other question about recovering an old wallet.dat?  If it is, whatever you do, do not install anything else on the old SSD.

553  Bitcoin / Press / Re: 2021-01-04 Blockstream Debuts Open-source Hardware Bitcoin Wallet on: January 04, 2021, 06:23:52 PM
wallet would initially provide Blockstream Green support for Android only
Blockstream Green mandates multisignature, in which Blockstream hold one of your keys, so it seems the only way to use this hardware wallet is to give Blockstream some control over your coins. It seems from other press releases that when they talk about desktop and iOS support, they are only talking about support for Blockstream Green on those platforms. That's a pretty big flaw for a hardware wallet as far as I am concerned.

Perhaps if and when it can be used with a third party wallet such as Electrum then I'll give it another look, but if that never happens then I'm never touching this device. What's the point of a hardware wallet if you still need permission from some third party to be allowed to use your coins?

I was just going to say almost the same thing, but exactly what o_e_l_e_o said.

About 5-6 years ago, I just bought a new computer and printer for cold storage that never touches the internet.  While these hardware wallets are nice, right now I am more comfortable with a specific portable that is used for cold storage and doesn't rely on a third party to access the coins.  I'd prefer to have full control and not have, essentially, a black box.Even though the source is out there, it still seems quite black boxy to me.

Of course, at $40, it is a lot cheaper than a MacBook Pro or other portable.
554  Bitcoin / Bitcoin Discussion / Re: New Nocoiner narrative, "Bitcoin is not scarce". on: December 31, 2020, 01:16:11 AM
...
Because according to her, Bitcoin's divisbility up to 8 decimal places will make Bitcoin "not scarce". We have also seen trolls in the forum say it. Tell these trolls that a whole pizza, divided to 8 slices of that same pizza, then further divided to 16 slices, is still that same whole pizza.

My initial thought is that she is an idiot who doesn't understand math.  I think in reality, she is carrying water for the fiat loving, anti-freedom political class who sees bitcoin eating away at her power.

Of course, since she won't define her terms precisely, she can make claims with a bunch of hand waving in order for her to try and trick people.

What exactly does she mean by "scarce"?
1 - scarce meaning that only so much of it is available.
2 - scarce meaning that only so many people can own a whole bitcoin, e.g. only so many people can own 100 million Satoshis.  
3 - scarce meaning that only so many people can own ANY quantity of bitcoin, e.g. how many people could own 1 satoshi (or even less with lightning).

If you say #3 is what she's talking about, then she's right that it isn't scarce because everyone can have *some*. Normal, rational, reasonable people would think of #1 and #2 were what one would think about when they say "scarce" but she is relying on people to think she knows more than she does and accept her stupidity as enlightenment.

Reminiscent of someone not understanding Zeno's Paradox.
555  Bitcoin / Bitcoin Discussion / Re: Can someone please explain why my bitcoin balance keeps moving on coinbase pro? on: December 31, 2020, 01:03:28 AM
I understand what you guys are saying with the fees going up and down but I'm talking about while it's on the withdraw form I see the available BTC amount going up and down with me doing nothing but watching it.  To answer someones question, I have purchased other crypto but currently hold none on coinbase pro app, only cents worth of usd.

This is frustrating because I cant remove my full bitcoin balance cause when it shows the available balance, I type that in and all is good, but by the time I click withdraw the damn available btc amount changes lower than my inputed amount and says insufficient funds.  I dont remember it doing this a not too long ago.

Could it be that your amount is being eaten by fees so there isn't enough available to withdraw after fees?
Also, are you using "Withdraw BTC" to "Crypto Address" or "Coinbase.com"?

I look on the web and it shows:
To address
Amount
Network Fee
Limit
Processing Time

So if you had 0.0001 BTC, and the "network fee" was changing or was high enough it would fluctuate showing what was available to withdraw. 
556  Bitcoin / Press / Re: 2020-12-30 Coindesk - VanEck Proposes ETF for Bitcoin, Once Again on: December 31, 2020, 12:54:20 AM
Eventually the statists will approve an ETF.  It is just a question of when.  Will this time be different?  Who knows.  Will it be a positive for the bitcoin fiat price?  Opinions seem to vary, but my view is that the more options for people to use bitcoin, in this case for capital protection/capital appreciation, the better.

how could it possibly be a negative for price? similar to GBTC, the ETF trust will need to accumulate coins from the spot market to back shares---bullish. institutional investors and retail investors alike will also have much easier (and in their minds, "safer" because regulation) access to the market---bullish. there are no doubt prospective investors who are still on the sidelines for fear of touching unregulated markets and unfamiliar exchanges. they're dinosaurs and they want liquid, regulated markets accessible through their preferred broker, and they also want assets they can easily hold in their mainstream retirement portfolios. that's a big market just waiting to be tapped.

here's my concern with where things are headed. coinbase is taking custody of like half of all new institutional investment. and they just bought xapo too, and surely there will be even more consolidation of the industry in the future. 5 or 10 years down the road, is coinbase just gonna have custody of like 5 million coins or something? more?

that just seems kinda scary to me. Lips sealed

I don't know how it could be negative but I've seen some people be anti ETF. 

I agree about the centralization being a problem.  One would hope that perhaps people would keep custody of their own coins, but one never knows.
557  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be tamed? CME suspends their Bitcoin Future Trading Platforms. on: December 30, 2020, 11:46:30 PM
The article isn't very well written, but it says: "The trading has been suspended for some time now."

I can see why if they can't trade 24/7/52 like bitcoin, you would have the entire weekend when futures can't be traded and bitcoin might be 5000 higher or lower from the previous trade.

Of course, that is the point of the futures market, to let people hedge. Seems stupid to have suspended it. At least there are other markets.
558  Bitcoin / Press / Re: 2020-12-30 TheGuardian - Bitcoin surges to record $28,500 on: December 30, 2020, 11:37:04 PM
Quote
Bitcoin has continued its end-of-year Santa Claus rally, surging to a new high of more than $28,500.

The cryptocurrency gained more than 5% to hit $28,572 on Wednesday. It is up 47% since the start of December and is on track for its biggest monthly gain since May 2019.

Bitcoin has almost quadrupled in value this year as interest from institutional investors has grown.

As the US dollar has declined, bitcoin has become a more attractive investment amid concerns that huge government stimulus packages prompted by the coronavirus pandemic will fuel inflation. In the US, a bigger package could be passed once Joe Biden has replaced Donald Trump as president.

https://www.theguardian.com/technology/2020/dec/30/bitcoin-surges-record-28500-quadrupling-value-dollar

Every state-backed currency is crumbling against Bitcoin and MSM cannot stop talking about it.

I think you are right.

Will the statists join the train to protect themselves while trying to sell everyone else out?  Probably.
559  Bitcoin / Press / 2020-12-30 Coindesk - VanEck Proposes ETF for Bitcoin, Once Again on: December 30, 2020, 11:35:45 PM
Quote
VanEck Proposes ETF for Bitcoin, Once Again
As 2020 draws to a close, one of the prior proponents for an exchange traded fund (ETF) based on Bitcoin is trying again: VanEck has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the “VanEck Bitcoin Trust.”

An ETF is seen as advantageous because it trades on the stock market much like shares in popular companies like Apple and Microsoft do.

VanEck has previously proposed ETFs before, withdrawing its most recent application in September 2019. At the time the company said it remained committed to an exchange traded product.

https://www.coindesk.com/vaneck-proposes-bitcoin-etf-again


Eventually the statists will approve an ETF.  It is just a question of when.  Will this time be different?  Who knows.  Will it be a positive for the bitcoin fiat price?  Opinions seem to vary, but my view is that the more options for people to use bitcoin, in this case for capital protection/capital appreciation, the better.

560  Other / Beginners & Help / Re: BITCOIN FORUM account opened today. So many questions.......lets talk anonymity on: December 30, 2020, 06:36:48 PM
I used to be the guy that trashed bitcoin but i decided to do alot of research and finally bought in at around 15.5K; needless to say i am happy with my overall return thus far.

Question on anonymity.  I bought my Bitcoin from Coinbase (like i said newbie), anyway, I learned what a wallet is and decided to transfer my bitcoin.  I also learned i can be tracked via my bitcoin address because of my initial purchase from Coinbase (KYC).

Can i clean my bitcoin by sending it to an exchange like Houbi, then sell and repurchase, then send it to a brand new wallet?

Or convert to Ethereum wait a few days and then reconvert to bitcoin?

Am i overthinking this?   Anybody wanna help a brother out.  Thanks.
In addition to what others have said above, selling and repurchasing won't buy you much, if anything.  Merely depositing it, waiting and then withdrawing a different amount first, and then the balance later would probably do as much.  You should make sure you are complying with the laws of your jurisdiction whatever you do though.  Converting to ether or something else works too, but if you convert 1.23456789 bitcoins to ether and then the exact same back a few days later, someone might notice.

Much also depends on your goals and timeframe. 

- If you intend to hold it for some long time period, you can just leave it where it is.  Once taproot is active, it will create some additional privacy improvements that you will be able to use to protect your privacy.
- If you intend to gamble with it now and IF online gambling is illegal in your jurisdiction, then you should consider different options.

So, is your goal to hold or something else?

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