I suspected this could be a lesson learned. It was an initial test, £40 in, and got £22.xx back out, which felt a little harsh.
I remember a post from before in which someone in the UK wrote that he has an ATM and charges over 20% in fees, but in your case the fee is definitely something that can not be called that, but it is a pure robbery. The only thing that still comes to my mind is that the price of Bitcoin has lost in value from the moment you made a purchase to the moment you imported your private key from paper into a crypto wallet. Next time, check the price of BTC online before the final purchase, and compare it with what should be displayed on the ATM screen - anything over 10% in the fee is simply too much. |
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Facebook ads are now widely used to promote such fake scam websites. Even after reporting these ads, Facebook authorities take a long time to take action, which allows scammers to trap many crypto users according to their target.
Do you know why every real scammer has a picture of Musk and Zuckerberg next to their computer? The two of them allowed them to get rich without ever having to get up from their comfortable chair  When crypto ads were banned, some objected and expected them to come back, but it seems to me that it does more harm than good. Besides, FB is only interested in profit, and these days they are not doing well. Facebook co-founder and Meta CEO Mark Zuckerberg personally lost nearly $32 billion Zuckerberg is the largest individual Meta shareholder, with more than 374.8 million shares, or about 12.5% of total shares outstanding, according to S&P Global Market Intelligence.
Zuckerberg's shares had been valued at $121 billion before the market opened Thursday. When the markets closed, his holdings were worth $89.1 billion. |
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I only wrote one post on that topic, and it didn't answer me, for some reason it ignores me as with previous accounts - or I hit it in essence and there's nothing to answer. I think it’s really a waste of time trying to explain to someone what the difference is between a sunset picture and Bitcoin, especially if the genius thinks this first is actually more valuable. I told him that if he thought so, let him draw one sunset and look at it, if he thinks that number 1 (representing 1 BTC in a crypto wallet) is worthless  |
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There is no chance China are done "banning" bitcoin. There will be another news story this year about another Chinese ban whenever it suits the CCP to spread such FUD.
I don't know what else they could have ban without it already being banned? The only thing that comes to my mind is the ban on the production of mining devices, which, as far as I know, is still legal. Trading and mining are banned, and any possible FUD really won’t make sense, at least not for those who understand how things stand when it comes to cryptocurrencies in that country. |
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Don’t know, I’m little skeptical about it. Many of fellow peeps here saying it’s positive thing to regulate the crypto but I don’t know I’m really against it. This is straight away failing the principle of Mr. Satoshi and his vision of freedom.
We have to come to terms with the fact that the old spirit that lived the first few years of Bitcoin's existence is increasingly fading and disappearing because people like Saylor have a completely different philosophy on how to use Bitcoin. Imagine a situation where the world's 100 largest companies buy 100 000 BTC and we have 10 million BTC locked as a store of value - for some it would probably be a dream come true because the price would surely skyrocket, but for small people who have not yet discovered Bitcoin, it meant they would pay a high price to get into that game. If we want the crypto regulated then it would be just another payment system or stock or share market. It won’t benefit us. We can’t risk it with regulations. This will literally push the crypto currencies in the black hole and sucking all the good characteristics of bitcoin.
It is inevitable that if we want an adaptation that must happen in regulation, and the second option is to move underground and show the governments of the world the middle finger. However, there is a third option to consider, and in this scenario, Bitcoin may play the role of a Trojan horse that will cause significant changes within the existing financial system - but in order to do so, it must be positioned there. This would mean that some battles are fought and must be lost in order to win the war in the end. |
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@bbc.reporter, I agree that it is much harder to do something like that in the US or even harder in the EU where there are a lot of different interests, but it is also a fact that China did not ban cryptocurrencies in one go, but did it in phases that lasted for years. More precisely, it all started in 2013 when Bitcoin was still relatively unknown to the general public, and ended in 2021 with a ban on crypto mining. Those familiar with the crypto industry will understand that China’s crypto ban is not entirely a surprise. The country has maintained a hostile relationship with its crypto industry since 2013, when it rolled out its first set of crypto restrictions. China’s hostile stance regarding crypto dates back to Dec. 5, 2013, when the People’s Bank of China (PBoC), the Ministry of Industry and Information and other financial watchdogs jointly issued a notice prohibiting banks from handling transactions related to bitcoin.
In an attempt to buoy a weakening yuan and block money from flowing out of China illegally, the country’s central bank began to investigate the activities of crypto exchanges in January 2017. The investigation focused on exchanges’ approach to forex management and anti-money laundering.
While China’s crypto community was still processing this new reality, regulators issued another directive forcing crypto exchanges to shut down voluntarily by Sept. 15.
In April 2019, China’s National Development and Reform Commission (NDRC) labeled bitcoin mining an “undesirable” industry in its preliminary list of sectors that should be encouraged, restricted or phased out by local governments. Bitcoin mining, which is a computer-intensive process of validating bitcoin transactions to earn newly minted bitcoin in reward, fell under the catalog of industries the agency considered to be highly polluting.
For the better part of 2020, the Chinese government tightened its grip on crypto exchange activities within its borders amid an ongoing campaign to crack down on money laundering and fraud. In August, the PBoC revealed its intention to block over 100 foreign websites offering crypto exchange services.
The Chinese crypto industry’s problems in 2021 began in May when the State Council doubled down on past crypto policies by calling for the restriction of crypto mining and trading. Before this, the provincial authorities of Inner Mongolia, Xinjiang and Sichuan provinces, which were all major bitcoin mining hubs, had begun to introduce policies that stifled the operations of bitcoin miners.
Perhaps this tells us best that even under communism, it was not easy for laws to ban Bitcoin to such an extent, and that such a mission in the US would probably be much more difficult than it may seem at the moment. What everyone should worry about in the event that something bad happens after the US bans is that it will have far greater consequences for Bitcoin than anything that has happened in China. |
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It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!
I read it back in 2018, and it came from a man who back in 2014 had a very good vision of what would happen in the years to come - it will be interesting to see if he is right this time as well. Maybe he'll contribute a few billion dollars to make it happen Billionaire venture capitalist and bitcoin investor Tim Draper is sticking by his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023 despite the cryptocurrency’s wild swings in value and the turmoil around its environmentally unfriendly energy usage. |
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I didn't doubt for a moment that you wouldn't catch that little weasel when there wasn't enough evidence for ban evading - since I'm pretty sure it's an alt account from @Patrick2t2 who got a perma-ban for the same thing. What surprises me the most is that some very respected members give merits for such shitposting which is just paraphrasing and plagiarism.  https://bpip.org/Profile?id=3404192 -> Banned |
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What really amazes me is why the maintainer is giving the opportunity to proven guilty spammers or cheaters to promote campaign. All accounts tagged with negative [cheaters] no longer care about reputation and they will never care about post quality. Then why did the manager give him a chance?
Because it is important for him to fill the places in the campaign, regardless of the fact that his users are ordinary shitposters who can't all together (and I mean the ones I mentioned) write a meaningful and quality post. For who knows how many times I will publicly say that the biggest responsibility for all this spam lies with the managers who give the opportunity to members who did not deserve it. I will continue to follow their posts and report anything I think is spam, and if someone manages to link any of the mentioned accounts to ban evading or maybe plagiarism, that would be the best solution to the problem. That garbage deserves only perma-ban and nothing more. |
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What is the difference between someone storing their Bitcoin in a PP account or some centralized crypto exchange? There is no difference, each service has similar conditions under which it can suspend/close any account without any explanation, and Bitcoin cannot help all those people who cannot understand that they should be their own bank.
When someone is wondering why more people don't own Bitcoin, let them ask themselves why most people aren't really capable of anything more than inserting a plastic card into an ATM and entering a 4-digit PIN.
Bitcoin is not necessarily needed, it is just an alternative given to us to choose from, and at the moment at least 95% of people cannot or do not want to understand it. Centuries of brainwashing cannot be undone in a decade.
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Late year, I have owned 8 bitcoins. I have sent my computer to upgrade.
I did not check my wallet for a long time…
Negligence, ignorance, and completely illogical behavior for someone who had as many as 8 Bitcoins. In most such cases it is an easy job and free money for the average hacker who now enjoys your money on some exotic beach with a cocktail and a lot of pretty girls around him. If you kept Bitcoins in your desktop wallet and that wallet was not password protected, then you literally delivered your coins to anyone who had access to your computer, whether it was someone who worked on your computer or a friend/family member who had access to that PC. As many times before, it has proved fatal that people do things in reverse order, investing in something first, without even being aware of what it is about. |
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What if I told you I don't plan ever selling more than 10-15%? Don't reach to conclusions before you know all the facts. It's a general advice for life.
You had a chance to do it when the price reached last ATH close to $70k last year, obviously, you didn't do it because you believed in what most considered a safe bet ($100k by the end of 2021). You have stated the facts yourself, you want to sell your BTC and enjoy the fruits of your labor as soon as possible, and the reason why you have not sold yet is the price. From the title of this thread, it can be concluded that your exit point is at $75k or more, which is very frustrating considering that the last ATH was very close to that. |
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It sounds quite fascist to me.
This is not surprising, however, since socialism and fascism are first cousins. It would give Yelen quasi-dictatorial powers. I hope this is not the case in the end because giving such arbitrary power can end very badly.
Under the skin, all politicians are more or less the same, striving to have as much power as possible that will give them absolute control over the people. The problem for Western so-called democracies is that such measures do not fit into the democratic societies they promote as fundamental human values. For this reason, the US cannot do what China has done, as Russia or India are trying to do, but use such moves to examine public reactions in order to determine how far they can go without compromising their political positions. The problem for all of us is the fact that the US holds a large (too big) part of the crypto in the sense that there are the biggest of the biggest players (Coinbase, Grayscale, MicroStrategy), with the fact that they have more than 35% hash power and that the US still has a huge impact on the rest of the world. One such decision would only encourage other countries to try something similar, or they would even be forced to do so. |
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The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.
You just confirmed what defines the average Bitcoin investor, and that in the case of a long-term investment like yours is some kind of imaginary profit determined by an exit point at a certain price. Your problem is that you are waiting exclusively for that exit point, and of course, it frustrates you more and more that you can't reach it, and time is running relentlessly. What people often forget is that time is the most precious thing we have and it is very limited, it cannot be increased or bought. My strategy is different and there is no predefined exit point, but I combine to sell/use Bitcoin as a currency whenever I need it, especially at a time when the price reaches its ATH - and yet most of the time holding most of my coins safe. If you persist in your plan, I don't believe you will have to wait 10 years, but it can be 2-4 years until the price reaches a stable $100k (although this can happen earlier). |
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First of all, she had the (miss)fortune of being born in Bosnia and Herzegovina – one of the poorest countries in Europe. If she were born in most other countries, she would have a scholarship, sponsors competing against each other for her signature, and full support from her government.
I haven't seen this topic before so I'm just commenting now. Since I know the situation in BiH very well, I wonder if Lana has Croatian citizenship in addition to Bosnian, since she is from Mostar (Herzegovina)? You know very well that a lot of athletes from BiH perform under the Croatian flag - Marin Cilic and Ivan Dodig were born there, as well as Vedran Corluka and Dejan Lovren and many others. I appreciate people who remain faithful to their country, but in this particular case, I would not blame Lana if she tries in Croatia or some other country that would surely provide her with excellent living and coaching conditions. In case of any fundraising for Lana, everything should be done professionally so that the Philippine scenario does not happen again. |
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...they call them whales and I don't know how they are tracked.
As already mentioned, the blockchain is public and anyone can research any address and transaction. If someone manages to connect the address with the owner, then the owner can become the target of a hacker. Here are the top 100 BTC addresses with the highest amounts, some we know who they belong to, some are completely anonymous (for now). If we want to ensure privacy (to some extent) and protect ourselves from malicious people, we should never do transactions in a way that calls our privacy into question. This means if I have 1 BTC and I want to buy something that costs 0.01 BTC, I will make sure that the seller does not find out that I have 1 BTC in a way that I will mix some BTC via mixers and after a while, I will use them to buy something. Of course always pay attention to every service you use, crypto is full of scammers, mixers are no exception. |
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Does the user not be notified that he has been banned through private messages with some generic message similar to when a post was deleted? I can’t say if that’s the case because I’ve never been banned, but if everyone is informed about it, then the evidence is in private messages.
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Why are we re-discussing something that is already an old and worn-out story? Both articles from the OP are more than 1 year old, and besides, there is no evidence that this man ever had so much BTC in his possession, nor that he threw the HDD in the trash. Someone who works in the IT industry (or has worked) must have known better that HDD is never thrown away (at least that's my rule) - because you never know if you'll ever need it or if someone will manage to extract some confidential information from disk. Who says a worker hasn't already found that HDD in a dumpster? It would have been much smarter if he had tried to find the disc without creating so much media attention - I mean the time when he discovered what nonsense he had done. As far as I know, at first he was allowed to dig in the trash and look for a disk, but when he announced it in the media and when people started coming to the dump, the authorities had no choice but to ban further searches. Also an interesting article on the personality of James Howells : James Howells: The man who ‘lost’ £125m in Bitcoins now wants £250 for a quick interview + The lost hard drive also contains “the real IP address of satoshi as well as the wallet file,” adding: “not that I would dox satoshi ?”. [2015-09-22]CCN-THOUSANDS OF BITCOINS HAVE BEEN LOST OVER TIME[2017-11-27] That Missing Hard Drive with 7,500 Bitcoins is Now worth $72 Mln[2021-07-08] The search for HDD worth $378 million at the landfill will continue |
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@virtualdn, in my opinion, you don't think realistically at all, because you expect everyone to think like you or have knowledge like you, and that will never be possible. Considering that Bitcoin is extremely volatile and risky to invest&store, why would anyone buy Bitcoin at the moment if there is some general opinion that we are in a bear market and the price will only go down? It is true that fiat is losing value and that inflation is gaining momentum, but the price of BTC has halved in just a few months, which is more than a good reason for most to stay away from risky investments. Fiat is what people live on every day, and few have enough to set aside a percentage for risky investments, especially in the long run. But again, when we look at how much money is going in the direction of the NTF, maybe a rabbit is lying in that bush  |
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