Always intriguing how market sentiment can swing on a dime, especially when someone like Elon is involved. The sale might seem significant, but the market is much more complex than that. It's possible that it might have contributed to the recent dip, but the overall market dynamics are far from being solely driven by a single event. Market reactions like these are opportunities for those who see the bigger picture and understand Bitcoin's long-term potential.
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@OP, heed these warnings and take action. The rapid rise in hashrate and mining difficulty coupled with decreasing rewards is a clear signal of diminishing profitability. Convert your earnings into a stablecoin to secure your profits. Don't fall into the trap of focusing solely on daily profits; long-term sustainability matters. Reevaluate your mining venture before the situation worsens.
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As the focus shifts from solving puzzles to transaction validation, more efficient and specialized equipment might be developed to optimize transaction processing and energy consumption.
It could also lead to increased decentralization since the motivation will be transaction fees rather than the creation of new coins. It could enhance the overall security of the network even more, as miners continue to compete to validate transactions honestly.
Overall, the future is exciting, and I think the shift will still be a positive development for Bitcoin.
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Donald Trump Is a Crypto Whale! According to financial disclosure documents submitted to the Office of Government Ethics, he has over 2.8M USD in crypto within an Ethereum wallet. He also made $4.9M in licensing fees with his infamous NFTs.
Looks like Trump is making America great again, one ETH at a time. I wonder if he has any BTC.
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The ETF known as Jacobi FT Wilshere Bitcoin ETF, overseen by the Guernsey Financial Services Commission (GFSC), will be active with the trading symbol "BCOIN." Fidelity Digital Assets is responsible for safeguarding the fund's assets, and Jacobi has verified that Flow Traders, a trading company, will serve as the market maker.
LFG Europe. One small step for finance, one giant leap for mainstream adoption! Looking forward to the next and many crypto-related financial products to come.
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Tell your boyfriend that you're not going to renovate the bathroom alone. You're going to renovate it with him, and he's going to be your assistant. He can hold the ladder, fetch the tools, and make sure you don't get hurt. It'll be a bonding experience for the two of you, and you'll get a new bathroom out of it.
If he's still not convinced, tell him that you're going to hire a contractor to do the work, and he's going to have to pay for it. That'll usually get him to change his mind.
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This definitely adds to the frustration of being a crypto enthusiast in the US. Why would businesses even set up shop there if there are other countries that are more crypto-friendly and have less or zero taxes? On the brighter side, at least we're getting somewhat clear rules in the space. Hopefully, future guidelines will strike a FAIR balance between taxing and fostering innovation. But to be honest, Europe is looking so good right now.
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Learning a lot from everyone's perspectives on the potential connection between Bitcoin halvings and bull runs. While historical patterns do suggest a correlation, it's important to consider the evolving dynamics of the market. As we've all mentioned, there's a blend of factors driving the crypto landscape, from institutional interest to technological advancements. Whether the next bull run syncs with the halving or not, just be glad you're here right now because it's an exciting space that's changing the world for the better!
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Think of Bitcoin like a financial superhero that comes to the rescue when the value of the dollar takes a hit. When the dollar's value goes down, Bitcoin tends to rise in value. This is because Bitcoin is like a treasure chest with only 21 million coins inside, making it really rare and special. So, when inflation shows up, people find Bitcoin super attractive.
But since it can get quite volatile in terms of price, when folks feel pretty good about the dollar, they might ditch some of their Bitcoin for less volatile stuff. That can make the price of Bitcoin take a dip. The Bitcoin-dollar relationship is like a complicated dance that keeps changing its moves.
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You could either invest time in honing your writing skills or explore other pursuits that you genuinely like. Trying to excel in a task you find uninteresting, like copying from ChatGPT, won't make you successful in the long run. So either practice or just focus on endeavors that truly resonate with your passion and creativity.
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I'm more worried about the intricate web connecting BlackRock's leadership with key positions in Biden's administration, and its historical involvement in shaping policy during transitions.
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This is great advice, and I completely relate to the initial stress it can cause. Bitcoin transactions not being instant can indeed be a bit unsettling, especially for newcomers. Just learn to monitor blockchain transactions because it's invaluable for avoiding unnecessary concerns. Patience and knowledge go a long way. Never stop learning the Bitcoin ecosystem.
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Bitcoin is more than just a cryptocurrency. It embodies a groundbreaking shift towards a decentralized financial landscape. An important fact to also note is that Bitcoin's scarcity is fundamental to its value proposition. It makes sure that it remains immune to arbitrary inflation.
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Absolutely, you bring up a crucial perspective. Bitcoin's adoption indeed varies based on individual contexts. Educating people about its intricacies and benefits, particularly in developing countries, can be an uphill task due to unfamiliarity and resistance to change. Patiently sharing accurate information and dispelling misconceptions is vital. It's true, initial rejections might evolve into genuine interest over time. As more awareness spreads and understanding deepens, we can anticipate wider acceptance and integration of this innovative technology. The journey might be challenging, but all efforts, even the negative ones in the long run, contribute to the ongoing success and permanence of Bitcoin.
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It's also crucial to factor in the regulatory environment and potential changes in government policies related to cryptocurrency mining. Sudden shifts in regulations or bans on mining activities can significantly impact your investment and the effectiveness of your operations.
So it's essential to stay informed about evolving legal frameworks so you can make informed decisions about whether to engage in mining, or simply HODL.
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If you have GPUs that are over 2 GB, then XMR comes to mind - https://whattomine.com/coins/101-xmr-randomxYou can also consider joining a mining pool or using cloud mining services to increase your chances of earning profit.
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Exciting times ahead for the Bhutanese Bitcoin adventure. Big win for crypto adoption. I wonder what other positive or negative implications there are now that Bitdeer has entered the scene. A lot of mining activities and partnerships going on in Bhutan. Excited for the country's future and crypto in general.
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Awesome documentary. It's pretty sad that all he really wanted was social acceptance. And even sadder that he lost all those Bitcoins. Damn. I wonder how many other crypto millionaires and billionaires that we have in this forum
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Who knows, maybe he's cooking up another technological marvel in the shadows. As for their background, it's one of those tantalizing mysteries – were they a lone genius, a team, or an AI wizard? And you're spot on about the wallet activation - the world would erupt like a volcano. But I've got to admit, the idea of Satoshi blending in like a regular Joe, orchestrating change from the sidelines, is a fascinating twist. Or maybe he's an alien? I think the latter is better.
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