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581  Bitcoin / Bitcoin Discussion / Re: At a range of 2years, can a Bitcoin literate invest with a borrowed fund in BTC? on: February 01, 2024, 02:44:34 PM
I would not borrow fiat from anyone to invest in Bitcoin. Bitcoin does seem to recover eventually, but you can't be 100% sure how fast it will recover this time. Also, maybe the fees will be very high during the bull market, and then the price will rapidly go down and stay down for years to come. So it's just risky to rely on Bitcoin growing to repay the debt, and 2 years isn't a big amount of time for Bitcoin.
Instead of borrowing, I believe it's better to just start investing gradually, putting affordable amounts into Bitcoin and accumulating the desired sum over time.
582  Bitcoin / Bitcoin Discussion / Re: The Psychology of Investing in Bitcoin on: February 01, 2024, 02:25:28 PM
To me, it's not for the thrill or the tech. I'm fairly confident in Bitcoin and its success, and volatility doesn't bother me. To me, Bitcoin is just a reasonable investment. It recovers, establishes new ATH points, and it's still adopted by less than 5% of human population, so there's a huge growth potential here. Unlike fiat, which loses value over time, Bitcoin does the opposite. I also enjoy having at least some money that I can keep to myself, without relying on banks and monetary policies. Bitcoin provides financial freedom, so owning some is a way of partaking in it.
583  Bitcoin / Bitcoin Discussion / Re: JP Morgan Chase are participating in 5 categories of cryptocurrency. Jamie lies! on: February 01, 2024, 12:05:06 PM
Oh well, that's why guys like him can't be trusted. I knew they were somehow involved with cryptos because I remember some news over the years, but I didn't know about the scope. From the infographics shared by the op, they aren't just involved by are at the forefront of crypto adoption, as they're taking part in all 5 things in the table, and nobody else has that full list.
Perhaps the CEO's opinion doesn't matter as much as the interests of the company (kind of how the head of the SEC certainly didn't want Bitcoin ETFs approved, but they got approved anyway). Or, maybe, there's something more at play, and he's actually making those statements to gain attention and to try pushing the price down, so that JPMorgan Chase can buy back at a lower price.
584  Economy / Economics / Re: Another war in the Middle East could be dire for the economy on: January 31, 2024, 11:19:30 AM
Wars are on the rise, and some escalations can happen in the near future. Of course, there's some serious negative impact of wars, mainly for the countries suffering from it. There's some negative impact on global trade, perception of stability, investments into certain regions, etc. And, of course, there are some winners, like countries that sell lots of weapons and companies that produce lots of weapons.
Prices for some things like oil can indeed change, and I agree that Bitcoin is less impacted than physical assets. As for Bitcoin's impact in cases of wars, I agree with Kakmakr.
585  Bitcoin / Bitcoin Discussion / Re: The Relationship Between Cryptocurrency and Traditional Banking on: January 31, 2024, 10:57:32 AM
Banks for feel like cryptos are their enemies. In a way, they are, because without cryptos, people have no other option but to trust a bank if they want to make digital transfers, and while cryptos there's an alternative. But banks are strong and versatile, they offer lots of services that cryptos can't perform. Also, banks have an advantage because they cards are widely accepted, whereas cryptos are barely adopted as a form of payment. Banks can also adopt cryptos, and sometimes they do, but it's still not very common. There's tension between banks and cryptos, but they aren't fully enemies, and they aren't a threat to each other.
586  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon-JP Morgan CEO "Satoshi will come back and erase bitcoin" on: January 31, 2024, 10:45:01 AM
The op noted well that this guy is literally a major financial criminal, but just so rich that he remains free and talks nonsense about Bitcoin. But I don't hate him, I don't have that in me. To me, he is just pathetic, disgusting, ridiculous. He has a lot of power because of his vast financial resources, but thankfully, he can't do much about Bitcoin. I'm not surprised he despises Bitcoin so much, as Bitcoin is designed to counteract the influence of guys like him, to give people a chance of not relying on banks and traditional economy. So whatever he says about Bitcoin is just white noise.
587  Bitcoin / Bitcoin Discussion / Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you on: January 31, 2024, 10:31:54 AM
End of November 2013: $900. Next time with $900: end of January 2017. Time in between: 3 years, 2 months.
Mid-December 2017: $19k. Next time with $19k: start of December 2020. Time in between: nearly 3 years.
Yeah, there's a difference, but I'd say it's a very small one. Then, if we count November 2021 with $67k as the ATH, the next time the price reaches that level should be November 2024 or somewhere around that time, but the recovery of the market in general can, of course, start much earlier.
So far, to me, the differences aren't that big, but we'll see if this 3-year (give or take a couple of months) cycle thing checks out this time.

Interesting that LadyofCrypto1 calculates her cycles differently, but her result is also November 2024, just like in my case.

588  Bitcoin / Bitcoin Discussion / Re: Wrong Moves With Your Bitcoin on: January 30, 2024, 04:34:10 PM
It's actually great if the op sold after BTCV lost just 30% of the price because I see that it went way-way down pretty fast and now has virtually no trading volume and a price of something very close to zero. I've always been suspicious of BTC clones, so I didn't invest in those and often didn't even bother to claim when via airdrop when that option was available on some platforms. But in 2017, I decided to keep hodling when the price was $15k+, mainly because I thought it would continue to rise and because I didn't want to spend a lot on transaction fees. But then the bear market lasted for so long that I ended up selling by coins, just at a much lower price. Sometimes selling at a good price is the right thing to do if you know you'll need to sell at some point in the near future anyway.
589  Economy / Games and rounds / Re: Sportsbet.io - UFC Fight Night 235 - Multi Master Challenge - (3 February) on: January 30, 2024, 04:17:31 PM
13. Roman Dolidze
12. Renato Moicano
11. Randy Brown
10. Natalia Silva
9. Aliaskhab Khizriev
8. Gilbert Urbina
7. Molly McCann
6. Charles Johnson
5. Themba Gorimbo
4. Jung Gyeong Lee
3. Luana Carolina
2. Marquel Mederos
1. Thomas Petersen

NOT go the Full Distance 8
590  Economy / Games and rounds / Re: Sportsbet.io ⚽ Newcastle + Southampton ⚽ (3 February) on: January 30, 2024, 04:05:43 PM
Game 1:  44, 18'
Game 2:  44, 22'
591  Bitcoin / Bitcoin Discussion / Re: Paying with Bitcoin. on: January 30, 2024, 03:55:14 PM
Bitcoin was meant to be used as money, so paying with Bitcoin meant using it as intended. There's nothing bad in it for Bitcoin because usage means liquidity, and it's not good for a currency when it is just stuck and not moving at all. As long as you're okay with the fees and waiting time (for the first confirmation on Blockchain), using Bitcoin is totally fine. But here I want to point out that you, op, are talking about the positive impact of wider Bitcoin adoption, whereas it's not that simple: Bitcoin can't handle too many transactions, so that sort of adoption requires off-chain solutions. Otherwise, the fees will get very high, and lots of transactions will get stuck.
592  Economy / Speculation / Re: Was Bitcoin ETF really a good thing for growth of crypto and Bitcoin prices? on: January 30, 2024, 03:40:32 PM
The website just doesn't scroll for me, unfortunately, so I can't read the article. But I've tried to read it (not sure if I read all of it because those were copies elsewhere, but maybe I did) on other websites.
It's a Bloomberg Opinion piece, and it seems like the idea is that Bitcoin is at its peak with the ETF approval, and then it stops becoming a major topic, stops getting the same level of attention. Bitcoin stops being this anti-establishment phenomenon, loses its appeal, and it sort of becomes a bad asset (bad, because it's not backed up by anything), which might still see a few price spikes but will get worse.
I don't know, I don't think that's true. I do believe that Bitcoin will continue growing, as it always does, and new accessibility of Bitcoin brings new demand, new interest in it.
593  Bitcoin / Bitcoin Discussion / Re: How is bitcoin linked to the main owner? on: January 30, 2024, 03:22:31 PM
People like that usually make mistakes along the way. The owner of Silk Road himself used an email with and his real name and surname online, which gave him away. This Jimmy guy reported some of his BTC being stolen, which raised suspicions about where he got that kind of money from. If you don't leave your own identification info, BTC can't be traced back to you. But usually, people aren't careful enough, they leave a bunch of digital footprints and then can be deanonymized.
594  Bitcoin / Bitcoin Discussion / Re: How would the bitcoin price behave during a monetary collapse? on: January 28, 2024, 11:55:57 AM
Okay, I agree that it's a mathematical certainty that the monetary system will fail at some point, but by that I just mean that humanity will go extinct at some point, and Earth will become uninhabitable at some point, etc. That doesn't mean that fiat currencies will disappear over our lifetimes. They might, but they can also easily keep going.
As for inflation skyrocketing, that really depends on a country, and a lot of countries did much better in 2023 than in 2022 in this regard.
The op, it seems, is focused on the US, as if the whole world in the US, but it's not. Also, while the US debt is rising, US inflation rate is very mild.
I don't think there will be a monetary collapse any time soon, but if we talk about something like a global economic crisis (which is more realistic), I believe Bitcoin will initially go down with everything else, but it will recover faster than other markets and can have its best time while others are still struggling.
595  Economy / Economics / Re: 2024 & Prediction of World War III - Effect on Cryptocurrencies on: January 28, 2024, 11:38:37 AM
I do believe that wars are on the rise and can continue to be on the rise in 2024, but that's not the same as World War III (the definition pointed out by Solosanz is really helpful here). Wars can go on differently, and even when they're full-scale, it doesn't necessarily mean that people use cryptos less (or more, for that matter). My country is in a full-scale war right now, and I don't think it has a major impact on crypto usage (certainly not a negative impact anyway) here, let alone in the rest of the world.
If we hit that very dark point of collapse of human civilization as we know it, the Internet not being a thing anymore, and survivors living in their small isolated communities, then yeah, cryptos will be irrelevant. But in that case, cryptos will be the last thing to think about.
At this point, I don't think wars are having a significant impact on cryptos.
596  Economy / Economics / Re: China's economy is very sick. What to prepare for? on: January 28, 2024, 11:17:29 AM
China was supposed to genuinely become a rival of the US and perhaps even outperform the US economy in the near future, but I don't think we'll see that happen. The US economy is stable and pretty strong, and you're right that China's economy is struggling. There are many things that seem wrong with it, which makes it difficult to just find an easy fix. There's the one-child policy catching up to them (the policy was abandoned too late), there's youth unemployment, a high foreign debt (proportionately to GDP, higher than in the US), etc. I don't think that China's economy will collapse, but I do believe it won't be able to compete with the US economy. On the one hand, it's good because economic and political power are interrelated, and China is a very dangerous political state. On the other hand, so many people live there and will suffer from the consequences of poor policies that I can't cheer in this situation.
597  Economy / Economics / Re: Bitcoin Island in the Philippines, Have you ever been there? on: January 28, 2024, 09:42:46 AM
I've looked at photos of Boracay, and this place does look really beautiful. The fact that it's already a major resort makes it different from other projects of Bitcoin cities, islands and hubs because those I've seen were intended to be built from ground zero, basically, whereas here, the influx of tourists and a lot of businesses are already there. This, perhaps, will help Boracay succeed where others have failed.
I don't think one island can fix a country's economy, but it may be a step in the right direction.
598  Economy / Economics / Re: get ready guys for this soon on: January 28, 2024, 09:23:48 AM
Well, it's been more than a few years, and we can clearly see the op was very wrong. Ukrainian hryvnia is still there, and so are the rest of the listed currencies. Fiat currencies have their issues, but they're such a tight part of the economic and political systems of the countries that they aren't abandoned easily, even when some of them have been failing their societies for several years or more of hyperinflation. It's not easy for a country to abandon its own fiat and to adopt something they don't and can't control (like a proper cryptocurrency). As for CBDCs, they're an option, hypothetically, but still not a full replacement of fiat because, let's face it, a lot of people still need cash in many places, so fully digital money without a cash version can be a catastrophe for rural areas and some age groups, such as children (who can't legally have a bank account) and the elderly (who struggle with digitalization).
A variety of fiat currencies is here to stay.
599  Bitcoin / Bitcoin Discussion / Re: Where may we likely see BTC post halving? on: January 27, 2024, 03:53:16 PM
The price didn't grow immediately after the ETF approvals for a couple of reasons. One is that a lot of BTC got sold as a consequence, including, allegedly, billions of dollars worth of BTC by Grayscale. Another reason is that the news was overhyped well in advance because a potential ETF approval was a major theme of Q4, 2023. In October, the price was below $27k, and now we're at over $40k. That's the ETF approval growth, basically, and it's massive.
As for a proper bull run and full price recovery, I just think it's too early for that, and no events like adoption news can change that. Halving doesn't equal a bull market either, but many expect the price to rise eventually after halving.
600  Bitcoin / Bitcoin Discussion / Re: What's in Store for Crypto in the Coming Months? on: January 27, 2024, 03:34:05 PM
The trick to making likeable predictions is to make them vague enough so that they can play into humanity's love for confirmation bias, and people will find 'evidence' that those predictions were correct. "Further price action around Bitcoin halving" is a wonderful example because Bitcoin has "price action" all the time, and there's no strict definition of what that means. Some goes for "broader institutional involvement" as any news about any major investment fund and Bitcoin kind of counts here.
So yeah, in the same spirit, I can say that Bitcoin will be volatile, we will see some market fluctuations, the ETFs will remain a relevant question, and Bitcoin will get significant media attention over the next few months.
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