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541  Other / Beginners & Help / Re: Unless the prime suspect is caught, everyone is a suspect. on: December 30, 2023, 10:25:40 AM
If only we can stay private both offline and online. Unfortunately, that seems impossible nowadays. Staying private in this digital age is something that is not just within our control and authority. Health records, school records, even your dentist's records, are backed up in a cloud storage. Even government agencies are keeping personal information in hot storage. So, we really can't avoid having our personal details kept online.

Recently, even my country's primary data recording agency fell victim to a hack. There was a data breach. It happened shortly after the country's main health insurance agency also experienced a data breach following another hack. So, however careful we may be to keep our privacy intact online and offline, if the government itself is incompetent, our personal data could be accessed by other people.
542  Bitcoin / Bitcoin Discussion / Re: What we all learnt this 2023 on: December 29, 2023, 03:11:43 AM
This thread probably belongs to the beginners and help section.

Anyway, I agree with your advice. And having been in this market and community myself for years as well, I've also learned them through experience.

Popular opinions often don't last. So popularity can't be made as a basis for one's investment decision. The best time to have invested in Bitcoin was when it was not popular.

Reliance on public channels and platforms is more risky than reliable. Such platforms are full of scams and false experts.

While diversification is generally a wise business or financial advice, it might not apply to crypto where a good and profitable token or coin is like a needle in a haystack.
543  Economy / Economics / Re: The steps to follow in creating a budget on: December 29, 2023, 02:50:40 AM
Sometimes people make budgeting as if one needs a rocket science degree in order to do it right. I think budgeting is very simple. It's probably just a matter of common sense. Live a simple life. Avoid an unnecessary lavish life. That's it. If you are still having a hard time budgeting what you have despite living a simple life, then that means you need to find ways to increase your income. Now, that's probably the harder and complicated part.
544  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Replacement for a College Savings Plan on: December 29, 2023, 02:19:36 AM
I doubt that companies would soon remove the college degree requirement, at least not here in my country. As a matter of fact, with jobs getting scarcer and scarcer and the number of jobless labor force getting higher and higher, it is a significant edge that you're a college graduate.

However, it is also true that many jobs nowadays are skill-based. I guess one has the option not to pursue a college degree for as long as he/she is determined to hone his/her skills to the level of an expert. That would, however, limit one's promotion opportunities.

But whether one decides to get a degree or not, Bitcoin is always the way to save.
545  Economy / Exchanges / Re: 4Bit.uk | CEX without KYC / Staking / Futures on: December 29, 2023, 01:46:17 AM
Another misleading marketing post. I wonder why many centralized exchanges have to falsely claim they don't require KYC when it's crystal clear in their terms and conditions that they do.

In your privacy policy, you started with the introduction that "we respect your privacy." But then right in the next number, there's the condition that "we may collect personal information" which includes name, contact information, billing, and so on. The terms even include using or sharing personal information with third parties to comply with legal obligations, among other purposes.

So, how can it be a "CEX without KYC"?
546  Economy / Gambling discussion / Re: How should Lotteries be categorized? on: December 29, 2023, 01:25:55 AM
Gambling games widely vary. There are games which require different degrees of luck. There are also games which require a certain amount of skill. If we include sports betting, they require knowledge and probably a little amount of research. There are those that have house edge. There are also those that don't have. There are gambling games that are played against the casino and there are also those that are played against other players. There are those that have huge jackpots and those that have low prizes. The chances of winning also vary from one gambling game to another.

I think lottery is just one kind. But it is a gambling game.
547  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: December 28, 2023, 08:11:28 AM
Payment for week 206 was sent yesterday: https://www.blockchain.com/explorer/transactions/btc/d14f23736dd0c20c8640a3af0864ecfcbf19d63e9db5227404d86c05ac1ef0c6

The bonus went to:

  • The Cryptovator
  • adaseb
  • KingsDen
  • m2017
  • LogitechMouse

Cheers, everyone! We wish you a very Happy New 2024 Year! Thank you for being with us.

Hello, Best_Change!

Please double-check this week's payment. It seems I've been paid $30 more. I'm not one of this week's bonus recipients, but it seems $130 is about to be credited to my wallet. You may deduct the excess from next week's payment.

Thank you very much! Happy new year, everybody!
548  Economy / Micro Earnings / Re: are there any bitcoin faucets nowadays !! on: December 28, 2023, 02:55:32 AM
The good old days are gone in terms of Bitcoin faucets. But these days we have now are probably better in terms of Bitcoin in general. That generous Bitcoin giveaways are gone and those that are left only give worthless crumbs mean Bitcoin has become more and more precious and valuable.

There are still a number of crypto casinos that have faucets. You can spend your time availing them and gambling with the proceeds, but if you are planning to make money out of faucets, you are wasting your time. If you want to have Bitcoin, you better work for it. Getting a job somewhere and buying Bitcoin with what's paid to you is a better way.
549  Other / Beginners & Help / Re: HODL!! the origin story on: December 28, 2023, 02:10:06 AM
Former Binance CEO, CZ actually said it means Hold On for Dear Life (HODL).

Once such acronyms become famous, various versions of them appear. This is clearly not the original meaning.

And people should probably stop typing or writing hodl in upper case or in caps lock form. It would appear as if hodl is an acronym. No, it is not. It is simply a misspelled hold. Each letter doesn't actually have a word to represent.

CZ as well as many crypto article writers probably don't know the original story of how the word hodl became a widely accepted word in the Bitcoin community. Or perhaps some of them are just playing with it.

But to those who know the story know that hodl is the right way of writing it and not HODL.
550  Other / Beginners & Help / Re: Understand your wallet on: December 28, 2023, 01:40:20 AM
Look for trusted reviews and analyses of wallets. You can also ask users here for feedback and advice on certain wallets. There have been discussions here on different kinds of wallets. You just have to search for them. Keywords such as non-custodial and open-source are the most important things to consider. You can start with the most basic like making sure that your wallet gives you the private keys. That basically means it is non-custodial. Meaning, you have full control of your funds. Actually, you don't have to be an expert and do your own investigation on every single wallet option. A good research can make up for your lack of technical expertise.
551  Economy / Economics / Re: Ditching US dollar on: December 28, 2023, 01:04:51 AM
Of course, if two countries that previously used the US dollar decide to finally do away with it, it will have an impact on the US dollar. They would let go of every single USD in their coffer. They would not be buying any in the future.

But the bigger question is would they be able to fully detach themselves from USD? Will all their trading partners be amenable to avoid using the USD? If not, could they survive trading only with those that are willing to accept their local currency? Are international trading partners willing to deal with an unstable Iranian rial, for example, that has been losing value so fast in the past several years?

To my mind, the gravity of the impact of ditching the USD wouldn't be as heavy on the USD as their very own countries.
552  Bitcoin / Bitcoin Discussion / Re: Bitcoin transaction fees have disappointed me today on: December 28, 2023, 12:25:43 AM
Probably, in some way. If one Bitcoin user is now avoiding the use of Bitcoin as payment because it is very expensive, then that's telling of Bitcoin's failure in its role as a currency. Well, Bitcoin has different roles now. And it's probably doing great in others. Apparently, the rise of Bitcoin's price is a proof that it remains in high demand despite the exorbitant fees. Anyway, we'll just probably maximize all available means to somehow lessen the fee.
553  Economy / Gambling discussion / Re: License: is it a guarantee? on: December 28, 2023, 12:04:38 AM
Of course, not, especially when a license is obtained from a shady jurisdiction so to speak. Curacao gambling licenses, for example, are easily given away for a certain price. It is cheap and easy to get. That's why many online casinos are going there. It is the easiest way to register an online casino.

But does the government of Curacao really make sure that every single gambling company legally registered in its territory passed a stringent screening? Does the gambling regulatory body conduct regular audits? Does the government make sure that the companies are fully accountable? I don't think so.

If a gambling casino or betting site is registered in strict jurisdictions like the US, for example, it could somehow be a guarantee.
554  Bitcoin / Bitcoin Discussion / Re: What would happen if BTC were to be adopted as a global reserve currency? on: December 27, 2023, 03:35:27 AM
It's starting to happen. Not that Bitcoin is totally replacing fiat, but at least Bitcoin is now a legal tender in a couple of countries. Some others might follow. But the influx will probably happen once the current monetary joke will be made obvious and the paradigm shifts. Who knows, I'm hoping the next kind of money will be detached from the powers of the state and totally free from abuses. Bitcoin is a good candidate. This might happen in the next several decades, though, or not at all.

You don't have to worry about Bitcoin. Governments can't kill it. And the wider the adoption grows, the harder it is to even try shutting down.
555  Other / Beginners & Help / Re: Logging in to old account and backup file on: December 27, 2023, 02:43:41 AM
Everything is confusing. It seems you bought without taking note of every single detail. You aren't even sure where your coins were sent, or whether they're actually sent, after you bought from an ATM. Did you even confirm that the funds indeed arrived at your wallet? If I'm not mistaken, ATMs provide purchase receipts. Surely, you lost them, too.

Try to remember what other wallets you used, because if you used Bitcoin.com, you would have received an email notification of such transaction, but you probably didn't.

Did you do everything alone? I can't imagine doing all of these without paying attention to anything. How much did you buy, anyway?

I have never used Bitcoin.com because the website is owned by the fraudster CSW (If I am not wrong).

I think Bitcoin.com is owned by the Bitcoin Cash clowns, Roger Ver in particular, and not by the Bitcoin SV clowns.
556  Economy / Economics / Re: Will they ever be able to afford a house? on: December 27, 2023, 02:00:51 AM
The younger generation will probably have more difficulties. For one, the prices of houses have already increased a lot. The purchasing power of money has gone down so much.

And then there are others factors such as the increasing expenses. Younger people have so much expenses. Many youngsters now, even those who have decent salaries, can't afford to buy a house because they spend on so many other things. Gadgets alone are expensive and have to be replaced after a year or two.

In the past, people don't have iPhones and Macs and Television sets and PlayStations and Air Jordans to buy. Today, there are so many of them and they come as priorities.
557  Economy / Exchanges / Re: FTX is now solvent thanks to SOLANA on: December 27, 2023, 01:35:05 AM
If the news were true, that 15.3 million unlocked SOL aren't anymore fully available for liquidation today.

Accordingly, 13.22 million of that unlocked SOL have probably been liquidated already as early as October and November. The total proceeds of that would be less than a billion, less than $700 million even. And with the 2.08 million SOL left at the current price, that would only be $228 million. All in all, that 15.3 million unlocked SOL would only give them less than a billion instead of almost $1.7 billion if sold at the current rate.


Source:
https://cryptopotato.com/amid-solanas-hot-streak-ftx-and-alamedas-73-locked-sol-stash-ignites-market-speculation/
558  Bitcoin / Bitcoin Discussion / Re: Bitcoin HODL: what happens to Bitcoin holders during impressive price increase? on: December 27, 2023, 12:53:29 AM
I don't know about the majority of the Bitcoin hodlers, but I might be cashing out some. I am actually in need of cash. I'm slowly drained of money. Most of my savings are in Bitcoin, and I can't just use it to support my needs. I'm a hodler. I've been holding on to my Bitcoin through the best in 2017 and the worst in 2018, the best in 2021 and the worst in 2022. I've, of course, made small conversions, but the biggest slice has always been kept for hodling. Of what point would my Bitcoin be if I can't enjoy it?

It's true that we can't continue to hodle our  Bitcoin for eternity, there must come a time when we'd have to reap the fruit of our labor, to at least enjoy part of our ROI. What is the essence of working hard to be able to earn, deprive ourselves of certain luxuries in order to accumulate enough Bitcoin and hodle it on a long term as investment, if not to one day cash in when we feel that we've gained enough profits. For someone like me, if my Bitcoin investment reaches to a certain level where I feel like my ROI has multiplied enough, I'll just be selling a percentage of it in every bull run, and leave a greater percentage plus whatever I can add to it to keep accruing.

Make no mistake, I'm willing to keep my Bitcoin if only those things that I need to buy are priced in Bitcoin. But they're not, so I have no choice but to convert to fiat first. If they are priced in Bitcoin, I'd rather buy them all with Bitcoin. I'm convinced that if the prices of goods and services are denominated in Bitcoin, they are going down rather than up.

Bitcoin is an investment, yes, but we're probably missing the point if we're just using it to increase our fiat.
559  Bitcoin / Bitcoin Discussion / Re: Thoughts on this article? on: December 27, 2023, 12:23:55 AM
Is this realistic or is this more of an exaggeration, probably a result of paranoid thinking? I think this is wrong for many reasons. For one, if BlackRock accumulates all available Bitcoin in the market-- which is not even possible at all-- then the price of Bitcoin would multiply several fold. In which case, why can't miners afford the energy cost of their operations? Mining would even be more profitable.

And it's not as if BlackRock is the only big man in the game. Among traditional finance players that are now entering the market, BlackRock is just one among many. And how about the rest of the crypto giants? Do we expect them to cease operations soon? I don't think so.

Besides, if we're too suspicious of BlackRock, then we shouldn't allow it to accumulate all the Bitcoin. We have the freedom and capacity to hodl.

But common sense would tell us that if this is BlackRock's plan, it might require them more than a trillion dollars. But if the result of their plan is that Bitcoin would die, it would hurt them more than anybody. Are they committing suicide?
560  Economy / Gambling discussion / Re: Tips to avoid compulsive thoughts related to anxiety on: December 27, 2023, 12:03:08 AM
This sounds like the ideal state or situation, which is far from reality at least as far as my locality is concerned. Gamblers here, even those compulsive ones, are probably oblivious to the dangers of their vice. Or even if they know the possibilities, they seem to just brush them off.

Many gamblers are irresponsible. I personally know of a lot of gamblers who even put gambling first before family occasions. So I highly doubt whether these same gamblers care about looking for the perfect therapy or exercise.  

Other than this, the government here also don't care about gamblers' fate.
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