People from government, as Donald Trump, hate Bitcoin because it can limit their monetary police influence.
Rich people don't like Bitcoin becuase they don't understand it, and that's why they distrust bitcoin and its exponential growth.
Most people who hate bitcoin for fear of their wealth decreasing, they are comfortable with the current situation so they don't want to try new things, bitcoin is decentralized so they worry if the price drops their wealth will be lost. That's the only right point. Millionaires don't just have cash lying around, they have a portfolio and most likely without crypto if they complain about it. So if people have to decide where to put their money, they might buy Bitcoin instead of pushing prices of the assets of these millionaires' portfolios. |
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Bitcoin doesn't need any governments to continue to prosper, however in time more and more governments are going to recognize that its in their best interest to participate rather to ignore it or worse yet try to shun or ban it.
I think so too, bitcoin grows and develops slowly. At the beginning of the growth there was no support like the Elsavador country. Only the momentum is very instrumental and influential in the progress of bitcoin. Bitcoin is down now because of someone's fud so many users are panicking to sell. In the beginning there was no support from any official entity whatsoever. Interestingly, banks made the first move now before any government did. If all your big banks are involved already, what are you going to do as the government? That will be an interesting situation to be observed in the US! |
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I don't think so. Bitcoin is built the way it is right now in just 10 years without the support of any huge organizations, and just literally the power of its community creating platforms and making things happen. Big names, organizations, and countries only started recognizing bitcoin after making breakthroughs. Their support would be greatly appreciated but I don't think they are a necessity for bitcoin's growth and survival. Even if they try to suppress bitcoin's growth by imposing lots of regulations, those who still want to use bitcoin will always find a way to do so. They can demonize bitcoin all they want, but in the end they will just accept it since the demand from the public will be high.
Correct and Bitcoin is designed such that it is functional without the support of sovereign states. In fact it is designed in a way that sovereign states can do whatever they want but can't stop Bitcoin anyway. Switching off the internet is no option and certainly Satoshi knew that. What sovereign states can do in their own interest is proactively embrace Bitcoin and allow for infrastructure to be built, but even if they don't the only thing they can do is slow down Bitcoin's progress. |
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The reason some millionaires hate bitcoin is because they have no knowledge of bitcoin and cannot use it properly. Greed later invests without knowing anything about the market my research on bitcoin has convinced me that it can not only hedge against long term inflation but also act as a short term investment due to higher volatility. Successful traders are those who learn to analyze the market keep the market informed and keep trying different strategies choose a platform that provides you with a built in trading simulator for practice.
Their main reason is that they are simply invested in another assets class. Asset classes compete with each other for peoples' money. If you have a lot of real estate, do you want people to put their money in gold? And if you have a lot of gold, do you want people to put their money in stocks? You get the idea, and when it comes to Warren Buffet it becomes very obvious why he doesn't like Bitcoin. A lot of people, specifically from the younger generations (and even more and more from the older generations) have a choice these days. Namely, do they put their money into stocks (which Buffet holds) or do they try something new and go for Bitcoin? They didn't have this choice a couple of years ago. |
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You describe this as if there wasn't much risk involved, but couldn't they get smashed really hard by other whales going long and kill their shorts within a blink of an eye?
This lol. People making huge shorts and getting rekt in the end isn't anything new. Follow the @BMXRekt[1] Twitter account, and you're going to see huge short positions getting rekt from time to time when there's huge volatility. That is what I meant and killing short positions isn't that big of a deal, especially not if whales unite and for it. I remember this story of a Chinese guy who went short with all the crypto he had, I think $10 million, he got rent twice. First he lost his crypto because whales took him out, then he jumped off a roof top. |
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So the new Coinbase credit card is available. Just got an email about it. For the USA anyway it's a Visa debit. 1% back in BTC or 4% back in XLM However, the fees are stupid: You can spend BTC with Coinbase Card but there are 3 things to know:
Flat 2.49% fee
We sell your BTC each time you make a purchase, which incurs a fee.
Spending is like selling
If you spend BTC that’s worth more than what you paid for it, you may have to report a capital gain. You can spend ETH with Coinbase Card but there are 3 things to know:
Flat 2.49% fee
We sell your ETH each time you make a purchase, which incurs a fee.
Spending is like selling
If you spend ETH that’s worth more than what you paid for it, you may have to report a capital gain. Looked a a few others all had the same fee. The only exception that I saw was USDC with no fee. Don't know if's its been discussed here before I did not see anyone talking about it. Got the card since it's free. Probably not going to use it. -Dave If you use these cards that are on the market, and maybe let's discuss particularly the one from Coinbase/Visa, aren't they getting all the data you produce with that card? You surely have to undergo KYC before getting that card I assume and afterwards any purchase you ever do leaves a trail right? Are there any anonymous versions in the market? Is that even allowed? |
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Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.
You describe this as if there wasn't much risk involved, but couldn't they get smashed really hard by other whales going long and kill their shorts within a blink of an eye? |
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Bitcointalk username:germsite
Link to Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=289355
Name of campaign(s):Signature Campaign
BEP-20 wallet address: 0x6f872731DB2b7EA95b7213c64Ca9b3E95D75e537
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No matter what, I'm totally against his manipulations.
Me, too. And even Changpeng Zhao hates him because he seems to manipulate the crypto market with his tweets. Recently, a lot of people lost a great deal of money because of him. I beg him to stop but he doesn't care about investors at all.
True. Many people lost their money because of following him. It is not totally Elon's mistake, those who followed him also made a mistake. But Elon triggers many people to follow him. His tweets are like sugar that attracts people to read and follow them. Sadly, then Elon Musk made some tweets that become the opposite of his previous tweets. It very hurts for sure. You could also twist it around to be honest and argue that a lot of people also made a lot of money because of him. That's a moral topic. I mean he didn't force anyone into buying. Ultimately it is the peoples' own decision to either listen to him and invest or not. Those who did don't really have the right to complain because he didn't make false claims about DOGE as far as I remember. He just demonstrated he likes it and supports it. |
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It is not easy sometimes to convince people as there are two kinds of people. Those who are in fact listening to your arguments and may or may not like them. And those who won't listen to your arguments anyway. For them it is scam and period. Not the smartest words will help to make them at last listen to you.
this is the reason why they say scam because they don't know and understand about the bitcoin system and in fact they are just looking for a way to drop bitcoin with some wrong arguments on bitcoin, and a small part of them are people who enter the world of cryptocurrency / bitcoin online blindly so that a lot of money is lost because of his stupidity and make the excuse is bitcoin a Ponzi scheme but..!!! as much as they can corner bitcoin, then bitcoin will grow and develop towards more than that You are right with what you are saying and I would also like to add that some of them may be just jealous because they somehow feel they missed the boat because they were too late and can't participate anymore in the revolution. They are just upset and turn it into anger. |
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And you should do the same! I don't care what/when/if he posted and it feels so good! No more FUD, I'm behaving like this guy doesn't exist and it feels awesome. Everything is nice, the vibe is cool and relaxed.
You should all do the same and you will see that HODLing is wonderful!
I follow him on twitter but not interested in his recent tweets. only promoting the spacex project and the rest just talking about meme coins. and some of the tweets are also a lot controversial for crypto investors as example he and tesla does not support the blockchain system in bitcoin but supports in other alt coins it really annoys people. he should have chosen a better word than that. People are getting used to his jokes more and more. The effect he has with his tweets seems to decrease, which I think is good. He shouldn't have that much influence especially if he does the way he used to do it recently. All the back and forth doesn't help anyone. |
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I have also tried not looking at his tweets anymore but it's like there's no chance that I don't see them. Especially the ones related to this market. As long as he continues to do the same thing, he will continue to draw a huge attention of angry investors.
I didn't really stop looking at his tweets I find it always funny with what he comes up next.  The last one he posted was the Doge meme in front of computers saying it is a foto of him as a child. Jeez! It is funny watching the tweets. |
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It is not easy sometimes to convince people as there are two kinds of people. Those who are in fact listening to your arguments and may or may not like them. And those who won't listen to your arguments anyway. For them it is scam and period. Not the smartest words will help to make them at last listen to you.
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Elon Musk has been making too much noise lately and everyone is getting mad at what he's doing. He's been the talk of the town for so long but now, everyone's tired of listening to what he's saying. It is much likely that Dogecoin would be affected with this occurence since Elon Musk's tweet are centralized on advertising it so if ever people would stop bothering with his FUDs about crypto and in dogecoin, we will surely see it crashing down continuously. In my experience, I never bothered to listen to what he is saying.
After checking his Twitter account, I'm sure many people will still follow his tweet, considering the financial asset he has. He will surely attract many people and prominent investor for his benefits. I never follow any people tips/strategies because it's too risky for me. I do my own research and get some insight before I do invest. for newbies that dont bother listening to others advice like us , they will continue doing what they think is right . its not bad fo follow other peoples advice if you think he is reliable enough to follow but not the people like elon that is only here playing at the crypto market but it would be a lot better if you can do a final research in your own after getting info somewhere . The issue is probably how often have you already heard Musk's words? If you are used to it and you observe the effects, I think it will decrease by a lot over time. |
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I think maybe your email had been sideline by scammers to be used to send scam offers to you, I don't know how legit yobit but I have about them to much for them to get into such cheap scam. Maybe you should watch out for where you put your email into, scams can get you email into there target list and keep sending your email using many exchanges, channels, project etc as possible to get your interest.
So unless the official yobit can confirm this with prove, I think this is a scam and your email is exposed to many possible scams now and in future.
Yobit definitely has a history of having supported or facilitated scams. They were said to develop one coin after another, list them on their own exchange and pump them. Nobody can prove it but it looked like it. In how far they actively scam this way, I don't know but once you are engaging in suspicious activities in general you must expect others to also suspect you for even more. If you look at Yobit's history, which is fairly bad with regard to projects scams, it's best not to invest in the projects that Yobit offers. There are still many other, more reliable exchanges, I have long since stopped investing in coins on the Yobit exchange. Because I did have a bad experience when investing in Yobit, there are some coins that do have fake volume. And suddenly there was also one of the coins that I got from the airdrop at Yobit, the price went up, but the coins couldn't be withdrawn, because the withdrawal feature is in a maintenance condition in a very long time. Yes and their customer support also sucks and makes arbitrary decisions that nobody understands. It is just not reliable and stressful if you have coins stuck on their exchange and you'll never know if they release them or not. Better to avoid them. |
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Hello all!
I want to share my cool experience about holding Bitcoin.
I become busy last year and decided to totally disconnected on crypto market or news to focus on my studies and extra job to earn despite pandemic last December 2021 when Bitcoin is on the early Bullish trend. It's really good to see now that my Bitcoin was already X2 the initial money that I earn on signature campaign here. I never though that Bitcoin price will go this far and I decided to take some profit although the current price is at correction.
Really happy to choose holding rather than convert it fiat by the time I decided to leave crypto.
All I have to tell the OP is that never underestimate your signature earnings. There was a time, in 2013 when I entered my first signature campaign. When converted to fiat, I was earning around $2 per week. But the Bitcoin exchange rates went up by 100x or more from those levels, and that means that I was earning $200 per week as per the current exchange rates. The same can happen now as well. In the long-term, in all probability Bitcoin will rise to six-digits or even seven digits. The mBTCs that you earn now will be very valuable then. Good point and indeed even the signature campaigns in 2017 paid off big time. There were a couple of campaigns that were worth thousands even though they went on for three months or more. But still for making 15 posts a week earning a couple of thousand dollars extra, I guess nobody would complain about that. If consolidated, the profit could really be limitless if BTC continues to rise. We however had to spend though. I have no been here since 2013, I heard during that time, faucets give out 5BTC per catch solved. No one yet during that time figured it will reachup to $50K. Absolutely not... I did some gambling here and there when Bitcoin was three figures. Like gambling 0.1 BTC was no issue. Today it hurts when you look back! And yes there were indeed faucets in the very early days that paid a good chunk of BTC just fo free. |
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His ultimate aim may be to come up with his own coin, which may be named as MuskCoin or TeslaCoin. I also agree that it is not going to happen very immediately. He may wait for a few months, or even up to a year. During this time he will promote Dogecoin. And when the time comes, he will dump Dogecoin by giving some silly excuse and try to promote his own coin. But if you check the market caps of BTC and Doge, you can see that this plan hasn't worked very well. Doge market cap is still around 7% of that of Bitcoin.
That is what I said in the post you quoted yes,,, but I think instead of doing it publicly he will probably work with a few anon devs to launch new coins he will invest in to market but not directly say he is a part of. He wants to protect his Tesla revolution and he may realize soon his crypto involvement is not good for the Tesla business. His investors and shareholders will be especially worrying. They would long be worrying already. Think about all the things Musk did on the internet via Twitter or on podcasts. He went crazy a couple of times and his investors didn't care. Remember when he announced a buyback and the SEC fined him? The market didn't really care in the end. It looks like that guy can do whatever he wants and gets away with it. |
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You will soon see that he will find some technical reason why he no longer supports DogeCoin and Shiba ....to rinse and repeat that strategy. (Possibly hiring his own developers to create MuskCoin that runs on Power Wall or something)  No I do not think it will come soon. Right now he sees all the potential and like he said he will work with the dev to make new improvements,,, but he will use all this experience to launch a new coin or many new coins. All without his involvement public. Then he will laugh all the way to the bank. His ultimate aim may be to come up with his own coin, which may be named as MuskCoin or TeslaCoin. I also agree that it is not going to happen very immediately. He may wait for a few months, or even up to a year. During this time he will promote Dogecoin. And when the time comes, he will dump Dogecoin by giving some silly excuse and try to promote his own coin. But if you check the market caps of BTC and Doge, you can see that this plan hasn't worked very well. Doge market cap is still around 7% of that of Bitcoin. He could make Dogecoin his own coin literally. Why build a new coin from scratch if you can assume a whole ecosystem that already exists around another coin like Doge? |
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