Bitcoin Forum
July 05, 2024, 03:33:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 »
61  Economy / Economics / Re: My wealth plan for next 3 years on: August 25, 2023, 09:26:25 PM
From my perspective, although it can be an effective plan, it seems to me that in this specific case it is only projected on unreliable bases of optimism or positivism with lots of euphoria, you are simply assuring that the crypto market will have an upward trend and although Of course, this is the scenario that we all want, even a volatile market that can decrease and this does not mean that it is bad, the downward trends are also profitable, but particularly here we bet on the best of the growth scenarios for this and it may not happen like that, i think you should make your projections better and have a broader panorama of possibilities contemplated..
62  Bitcoin / Bitcoin Discussion / Re: Strategies of Institutional Bitcoin Accumulation and Their Motivations on: August 25, 2023, 08:34:09 PM
Controlling most of the market by having a large portion of Bitcoin means that they have the power to be able to influence market prices so that they will benefit these institutions when their target price is reached, by selling them on the exchange to take profits.

On the contrary, if they can but bitcoin, thru OTC, maybe they can sell the same way, so that it won't have any influence on the price. Because if they sell thru exchanges and some noobs see their sell wall at certain price, it might create fear on them, thus they are also going to sell.

Big institutions have the same interest as retail, namely making a profit by owning Bitcoin either by buying it on the market or secretly from miners, and the more amount they have when the price is low, the greater the profit they will get when the price goes up, they focus on profit like most people who invest in Bitcoin. Bearish to buy and Bullish to take profit.

But here I will agree, everyone here is looking to make profits, whether average joes or this institutions. Obviously, ours can only create that much profit because of our capital. But this institutions are going to look for greater profits because they have invested a lot of money.

And it is that  has that investment capacity if he had considerable capital or simply managed a company i am sure that he would do the same as these people....... He would invest a reasonable amount of what I produce, he trusted in the potential of bitcoin i suppose they would too They do these types of actions, i guess that when they buy bitcoin They do it after analytical studies to achieve their goal, something similar to what those of us with less movement do..... but with more pronounced strategies, They cannot afford to lose, for obvious reasons they will obtain many more profits, these institutions know what they are doing they know bitcoin, They are experienced and therefore They influence others maybe not in those who already have time in this and follow their own hunches but,  if in those fearful that they are carried away by the big ones, and following in the footsteps of these bitcoin traders may Work for them but it will not always be so.
63  Economy / Economics / Re: Gold , Silver Or Crypto? on: August 25, 2023, 07:44:36 PM
We have different goals in investing or holding assets, and of the options OP mentioned, I think they are good assets to hold. Before bitcoin, I was also more focused on buying gold, but after I found out about bitcoin, I started to be interested and now I am more focused on bitcoin (by not ruling out gold).
Bitcoin continues to experience rapid growth, and from there I see opportunities that are a pity to miss.

For the views of many people, especially parents in my neighborhood, it can be said that gold is still the prima donna among them, yes it happens because in my neighborhood there are still many who do not know bitcoin.

Every one had their own opinion in the way of holding their assets.Because they had earned this money and have a potential to make their asset based on their opinion.At the ancient time,the gold was preferred one by the people and later to hold lesser shares they used Silver.Now after the invention of crypto currency,most of the people ready to hold in crypto currency.The main reason for holding in crypto currency is the profit time period for crypto currency will be low as compared to gold and silver.

Exactly! it's absolutely just self preference and their belief of which one has more value not just today but n te future. For some, they belive that crypto will be gone in the future. Those are the once who invest in gold and silver instead. For other, bitcoin is the future, so they even use their savings just to accumulate cryptocurrency. Is there anything wrng with that? None.

The most important is both parties are trying to wants to make generatinal wealth by investing in an asset that they believe in.
Yes, it all depends on their past experience. Some could've experienced good profit out of gold and some were taught mentioning gold s the safe haven. Thats the traditional following and now the preference among the young generations were to have diversified investment. Most of them does it and the importance can be seen on the volume. Some prefer to have bitcoin in higher volume against gold and silver. Some take decision in the opposite way based on what they've understood about technology.

This is true, when you invest in something and it is effective, you see it as safe, which is why many over the years have seen gold or silver as a good choice, even much more than the traditional currency that is issued in each country as unique, for the simple reason of staying safe and having to defend themselves when a devaluation occurs due to inflation, anywhere in the world it is known that saving in fiduciary assets is a long-term loss , and I say this despite the fact that everyone chooses how to take care of their capital, it is a fact that everyone in general is aware that it would be a sure loss ... now with bitcoin it is different, this is a new asset, something very different To what we know, if you have to choose between these three, gold, silver or bitcoins, I suppose that most people would probably choose gold, since it scares them new, but if they dare to use it, and study it, they will realize Keep in mind that this innovation is also worth considering as effective… Personally, I would choose both, silver is not one of my favorites to be honest…
64  Local / Español (Spanish) / Re: Robo de cajero de bitcoin en San Fernando de Henares (comunidad de Madrid) on: August 25, 2023, 04:15:08 PM
Creo que en un caso como estos no estamos viendo el verdadero peligro, ya se que €20k es una cifra considerable, pero que tal que los atacantes utilizan mas de 2 neuronas y se dan cuenta que con ese cajero pueden comprar cryptos de forma ilimitada? Me refiero a que si tienes desbloqueada la bóveda de dinero en el cajero puedes usar el mismo billete para comprar cryptos una y otra y otra vez. Sin embargo hay que ser veloces ya que una ves que la compañía del cajero se percate del robo seguramente lo bloqueará de su red.

Bueno yo supongo que la empresa que decidió montar uno de esto cajeros pensó en todas estas posibilidades,  puede que la seguridad en ciertos países pareciera estar muy bien controlada, pero no se puede obviar que a pesar de que sea poco aun así esta la  existencia de aquellos con malas intenciones y con tentaciones como esas no me sorprendería que más noticias de este tipo salieran a la luz, ahora el problema es si estas maquinas se diseñaron pensando en la seguridad de sus clientes, tomando en consideración de que por ser las criptomonedas tan populares hoy en día muchos buscaran la manera de robar…en mi país hasta el simple hecho de ir y retirar dinero en una de esto cajeros podría ser contraproducente, tal vez por eso no se ha podido implementar una de esos aquí, además a pesar de que lo hagan concuerdo con hispo cuando dice que …..
Quote
Quizá la comunidad abiertamente Bitcoiner en España es más grande que la de aquí, porque si aquí hubiese un cajero de esos, no muchos le tocarían ni con un palo, pues el chiste de ser Bitcoiner aquí es que ni el gobierno está seguro si lo eres

Por mi parte quisiera mantener mi anonimato y esto a pesar de que me cause curiosidad usar uno de eso, prefiero no arriesgarme.

65  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: August 25, 2023, 03:36:08 PM
I think that the fact that many international transactions are carried out in dollars is a reflection of its stability and acceptance in international markets. Adamas The concentration of control in financial markets, including gold, is a significant aspect that can influence global economic dynamics.


Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

If they are using their own currency to buy oil and commodities from each other, how can the US control that?   And if they could control that, why are they so worried?

Bilateral trade using local currencies may actually diminish the ability of a country, such as the United States, to directly control certain aspects of international trade; if countries are exchanging goods and services using their own currencies, this may limit the influence that the dollar traditionally has in international markets.. Concerns that may arise from these dynamics could be related to the loss of influence in global markets and the need to adapt to new ways of competing and participating in the global economy... Therefore, the evolution towards a more multipolar and diversified system has the potential to redistribute economic and financial power in ways that may not be entirely predictable.
66  Economy / Economics / Re: Economic Crash may take bitcoin to 1M dollar on: August 25, 2023, 02:54:34 PM
A lot of people want to see a $1 million price, unfortunately a lot of people don't want to buy when the market is as good as it is today, they will regret it when the $1 million price occurs and think they want to buy when the price is cheap, just like it did when the price was $60k or more people want to buy when the price is cheap, the opportunity is still there and don't waste time just hoping without wanting to buy.

That's right, many investors are driven and driven drastically by their emotions and perceptions of the market... I was able to evidence this currently when the price of Bitcoin fell to 26k, friends of mine who are investors had a part invested in Bitcoin and they didn't mind losing a part part and sell it for fear that it will go even lower.. The phenomenon you mention, where people wait for the price of an asset to reach an extremely high value before buying it, is known as "FOMO", or fear of missing out. In the case of Bitcoin, this dynamic has been evident at various points in its history, when the price is rising and reaching significant levels, many investors may feel that they are missing an opportunity and try to enter the market despite the higher prices..
67  Economy / Economics / Re: Which problem will you choose to solve? on: August 25, 2023, 03:08:14 AM
It is a question of morality and also a dilemma in many aspects, however, leaving aside one's own interests.. I think that if given the possibility it would help to solve the problems of a poor person because it is highly probable that the rich have a large portfolio of solutions available to you and if not; a whole team, contacts, experience or a portfolio predisposed to help you. to deal with your complications on the other hand the poor person in question will have little projection and in terms of whether someone can be helped I think that for many reasons it is more useful and It would make me feel better as a person to help someone who really needs it.
68  Bitcoin / Bitcoin Discussion / Re: HODLing Bitcoin isn't merely an "investment" on: August 25, 2023, 02:27:28 AM
It might not count as investment but hodling could also have advantage. Remember when people who bought BTC in a cheap price then opened their address after a decade? Yeah instant millionaire I guess, since we all have different way of earning or profiting. But hodling doesn't also guarantee you success like the BTC did. Investment could also the same but once the BTC you owned are in the market, then you're part of the game already. Unlike hodling you just wait for miracle to happen.

Well yes, Hodling could be considered an investment,  but at risk, since it is not known if in the time that bitcoins or any other cryptocurrency are maintained (this applies to any digital currency) it will yield favorable results for people who do it, this does not mean that it is a bad decision, but that it is a matter that must be thought through very carefully to carry it out.. or do you imagine that instead of winning you end up losing absolutely all the capital, it would be very disappointing, perfect for the to come out triumphant, but for those who don't, I would see it as a loss... how, it is very different if you have control of the exact moment in which you want to withdraw your bitcoins, personally I prefer the latter because I can use my strategies to see the fruits that I hope.. it may also have its cons but it's still my top choice.
69  Economy / Economics / Re: How Does devaluation of currency helps to build a dwindling economy? on: August 25, 2023, 12:49:38 AM
That's right, devaluation can lead to a loss of purchasing power of the local currency, which negatively affects citizens... Rising prices can erode income and decrease the purchasing power of the population. In addition Investors may lose confidence in the stability of the currency and the country in general, which could lead to capital flight and decrease both foreign and local investment. What better example for this? Venezuela with a currency where not even the inhabitants use it anymore and even burn the banknotes… Devaluation can be seen as a quick fix to economic problems, but it does not address the underlying problems in the economy, such as lack of diversification, mismanagement tax or corruption. If these problems are not resolved, the benefit of the devaluation may only be temporary.
70  Bitcoin / Bitcoin Discussion / Re: Is regulations among the key factors that affect the price of Bitcoin on: August 24, 2023, 09:54:09 PM
Is regulations among the key factors that affects the price of Bitcoin

 The fact that the adoption of bitcoin can influence its price may not yet be so evident, since there are very few countries that have accepted this asset and have allowed it to circulate legally, in addition to the time to analyze and drawing a conclusion is still very minimal, therefore, it is possible for some to think that the regulation of this currency does not have any noticeable impact on the price, but if we start to think about everything we have learned since the creation of bitcoin, we will realize how important it is that this continues to happen around the world, for the simple reason that bitcoin moves positively when there is a considerable flow of users using it, buying it and even storing it, which can cause the rises to come back to historical values, of course there may be other factors that can help this to happen... but i still think that if more people put their eyes on btc and realize its potential, everything will flow more quickly.
71  Bitcoin / Bitcoin Discussion / Re: Bitcoin Adoption in Turkey Grows Stronger on: August 24, 2023, 12:56:49 AM
When looking at the X.com (Twitter) page today, I found a video from one of the female Crypto Traders, Eunice D Wong.
She was in Turkey and saw how the shopping malls there accept Bitcoin payments and Bitcoin is growing rapidly there.


https://twitter.com/Eunicedwong/status/1692985505892225498

Bitcoin adoption is growing faster because Turkey is experiencing Hyperinflation of 57.7% and that is quite high.

Meanwhile, Turkish people are increasingly converting Lira into USD  or gold as the currency has lost 90% of its value since 2008.
According to Cryptopotato's report, Bitcoin and Tether have been the most popular trades against the Lira over the past three years

https://cryptopotato.com/crypto-trading-volume-in-turkey-surges-as-local-currency-plunges/

So, will Inflation be one of the driving factors for Bitcoin adoption in other countries?

Source: https://www.reuters.com/technology/cryptoverse-digital-coins-lure-inflation-weary-argentines-turks-2023-05-02/


Quote
So, will Inflation be one of the driving factors for Bitcoin adoption in other countries?

Well, thanks to the analysis carried out by experts towards this currency, it has been possible to deduce that yes, this can be an option to counteract inflation, this fact could be one of the reasons why the governments of the different countries see it as an election to be able to help with the inflation that is plaguing many territories. What I don't understand is why they should wait for this situation to reach extremist levels to decide to incorporate it into their financial system, when it can be prevented and prepared before the impact, if they did this perhaps the benefits that bitcoin would   would be much more evident In addition, both the leaders and the citizens of the different countries could be educated with the use of this currency, since it is not a lie that there are still people who do not have the slightest idea of what this asset is or how to use it, which would cause mishaps.
72  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 23, 2023, 11:57:03 PM
Nations, corporations like Vanguard and BlackRock, they're not just chasing money; they're chasing power. Money is just a tool to get there. What you're not getting is that these entities see opportunity where others see crisis. Yes, they're in crypto now because crypto is the future of money, the future of control

You're talking about governments and companies holding 88% of the market. That's no coincidence. They want to centralize everything, make it easier for them to control. Take a look at the major tech companies; they're all hoarding data. Why? To manipulate thought, to direct behavior. It's not just about the Benjamins; it's about the very fabric of society

You touched on religious beliefs and norms. That's child's play, my friend. The real war is ideological. Look at how your information is being manipulated every day by the media, by social media, by the very platforms you rely on for information. Are you starting to get the picture?

This is true, most of the media through which we receive information manipulate this data in order to take advantage of it and favor those powerful who have managed to have a fairly influential position in this world and direct practically everything that happens whether it is good or bad. It is ironic how money can change people so much to such a degree that they are capable of destroying others with less influence in order to climb in power...in a few words, these people are the ones who in theory prevent equality from being found and equality ceases to exist. poverty because they need those with these conditions of need to be able to control them and to do what they want…work hard with low salaries, obtaining the best part of the profits to continue growing…This is a reality that always it has existed, not only today, it's just that in these times you can see more clearly the manipulation of these powerful towards the rest of society.
73  Bitcoin / Bitcoin Discussion / Re: Would We Pay Taxes When We Don't Exchange Bitcoin for Fiat Anymore? on: August 23, 2023, 09:48:39 PM
In countries that taxed cryptocurrencies, you pay tax when you when you convert the crypto to fiat or when you are using the cryptocurrencies (like bitcoin) to trade.

If you just hold your coins, you will not likely be taxed.

But to know how exactly crypto tax is in your country is, you will need to read about it or consult the tax advisors.

Hmm, apparently this could be one of the unknowns that many countries have not been able to decipher in order to integrate bitcoin, the fact of how to manage it so that it can bring a benefit to both the country and its citizens is questioned a lot, without harming them as such and without it getting out of hand, since everything is done virtually and transactions can be carried out without going through a third party, this makes it difficult to collect a percentage as is normally the case with banks, causing people to evade these… It is a reality that if a currency enters the country and is used for any type of commercialization, a part must be paid to the government, that is called a tax, the question is how much must be paid and how it will be done, since it is not active It's stable, it's extremely volatile, so it gets a little tricky, but not impossible...
74  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is legalized, a dream of mine would come true on: August 23, 2023, 06:57:56 PM
It is frustrating for all of us that the current circumstances do not seem to favor the global adoption of BTC. Legalizing Bitcoin in a country is always a complicated process, since this, being subject to various political, economic and regulatory considerations, becomes very slow and tedious. Clearly this could change over time as governments' approaches to technologies like bitcoin become more acceptable.. Although at this point it may seem unlikely that the government of Bangladesh and other governments around the world will legalize Bitcoin as others have said, due to the fact that Bitcoin and cryptocurrencies in general cannot be controlled... There is a possibility that, as En El Salvador, Bitcoin will expand to more countries. Technological advances and shifts in mind can happen in surprising ways, and the potential impact of Bitcoin could influence reconsideration of government policies, I know it can be difficult but it's better to stay positive so this can happen.
75  Bitcoin / Bitcoin Discussion / Re: How do you go about realizing gains? If you opt not to, what is your reason? on: August 23, 2023, 04:07:42 PM
I would say that the choice of whether or not to convert profits into fiat money depends on the strategy and mentality of the person who wants to invest... Well, I have known people who choose to reinvest the profits to take advantage of future opportunities, but in the same way other people can prefer to secure the profits by converting them to cash. What I now do is not convert a large part of the profits into fiat money.. If you decide to take this strategy, you could be taking a long-term perspective and trusting that the assets you have invested in will eventually increase in value. This is aligned with strategies such as "hodling"... It is a method that I have already used in Bitcoin and although there is a risk because this market is super unpredictable and maintaining gains in highly volatile assets can lead to large losses.. It does not take away my I dream and I know that using this methodology will be more effective in the future..
76  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Helped Create Big Changes In Your Life? on: August 23, 2023, 01:09:55 AM
I feel that for me, Bitcoin and cryptocurrencies in general have had a significant impact on the way I think about finances and the future.... I can't say that I have become extremely rich because of them, of course, but they have definitely changed my perspective... from the first moment they explained to me about Bitcoin, I was always reluctant to the idea about it, I thought it was some kind of scam or that it was just going to be something temporary.. as I researched more about the subject and read, I liked it more and more... In addition, here in the forum you will be able to enrich your knowledge, there are various topics that will be of interest to you regarding Bitcoin and even other quite interesting topics in other sections. In terms of the way I buy and earn income, although I am not completely dependent on Bitcoin, for my weekly income I have explored opportunities in the field. What I mean by this? That although I am passionate about Bitcoin, I have it more as an investment in the future that I am sure at some point will be of great benefit..
77  Bitcoin / Bitcoin Discussion / Re: My dream is coming close. on: August 23, 2023, 12:29:41 AM
What the OP comments is quite inspiring, I also have the same dream, although I see it more as a goal than a dream and I would say that several here also have it or have already fulfilled it... despite the financial challenges and the fluctuations in the price the price has not removed that goal from my head. It is wise not to allow FUD to influence your decisions... It is good to stay away from sources that promote fear and insecurity, this always helps to maintain a positive perspective and avoid making impulsive decisions, as I have seen recent cases of friends who due to Since Bitcoin dropped to 26, they already want to sell... That's why it's better to stand firm and not be influenced... Remember that the path to your dreams can be challenging, but your determination and belief in the value of Bitcoin are holding you back. guiding in the right direction. So keep working hard and keep your vision clear and in time you just might reach the goal of owning a Bitcoin... good luck!
78  Bitcoin / Bitcoin Discussion / Re: Potential Impact of Binance Collapse on Bitcoin ($BTC) Price on: August 22, 2023, 11:45:28 PM
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice


Quote
Would it shake market confidence and affect $BTC?

If something were to happen with the Binance platform, you can simply choose to use other wallets to store bitcoin, and yet nothing guarantees that the same will not happen to these, that is, that at some point they will fail or be discontinued, it is That is why it is better to look for alternatives with more reliable characteristics. It is also true, as many say, that this event probably does not affect the market directly or in an exaggerated way, it may cause a certain downward movement, but it is not something that will affect that much. , since it is possible to recover quickly. Now, I am sure of something, and that is that the users who placed their trust in storing their assets in that specific wallet, if it affected them directly, because what can happen in this case is that everything they stored there ends up frozen, in short...lost, with the only alternative to start over. It is for this reason that most advise not to have all the assets in a single wallet, to protect yourself from such a situation and not run out of any capital.
79  Bitcoin / Bitcoin Discussion / Re: Can everyone in the world have bitcoin. on: August 22, 2023, 10:36:06 PM
It would be quite an intriguing challenge if every person in the world had Bitcoin, I would say that as adoption grows and more people use it, there could be innovative ways to make bitcoin fractions accessible to everyone. But focusing today in terms of the distribution and adoption of Bitcoin in a global population of over 8 billion people, it will be quite likely to get each person to have a piece of Bitcoin, as some have commented each Bitcoin can be divided into smaller units called satoshis. One Bitcoin consists of 100 million satoshis… This divisibility allows that even if not everyone owns a full Bitcoin, they can still own and use fractions of it.. On the other hand being realistic with a current approach.. I think the widespread adoption of Bitcoin It can be a gradual process... as I said before, it may be that in the future the infrastructure and the tools for its use can be expanded and improved even more.
80  Bitcoin / Bitcoin Discussion / Re: Bitcoin does not provide full anonymity on: August 22, 2023, 08:31:09 PM
Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

I believe and I can even assure you that anonymity is not completely true in any system, they may have implemented such an imposing security that it can be seen in this way and many people are confused as they are new to this digital world, but that does not mean that what think, be it true, as many have mentioned, everyone who uses bitcoin is publicly encrypted in the chain of blocks, a kind of book where records are kept, so the addresses and amounts that are within them, can be seen by anyone and starting from there it can be proven that it is not what you think, another important aspect is that, despite the fact that there are other ways to increase the risk of not being discovered by having this coin in your possession to stay safe from those malicious who want to harm you.. for example, not using real personal data.. You have to be clear about the initial purpose for which it was created, and that is that Satoshi did not want people to remain anonymous, if not his approach was it was aimed at innovating a new transaction type that was free from manipulation by third parties.
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!