I believe, it is only a matter of time before these big companies disclose about their bitcoin investments.
For sure, some of them are secretly or discreetly buying large amount of bitcoin.
As we are heading to the halving period, the sentiments are positive. So high likely that we are on the increasing side.
The good thing also is that the supply is fixed with btc, so we are only working on the demand aspect of this market.
And as we are seeing here, we are in the positive direction of demand, which means, the price is also on the positive side of things.
The bad thing about big companies buying and holding BTC, is that they will dominate a large portion of the circulating supply. This will bring inequality to the Blockchain. Not only that, but it will make Bitcoin centralized in the long run. With major players like Blackrock, and Fidelity in the game, BTC will finally be "owned" by these corporations and the US government itself. I know people won't care about this if this means market prices will go to the moon. They're missing the bigger picture of why Bitcoin was created in the first place. Remember, it's not about the money but rather the tech. As long as Bitcoin proves to be useful as a decentralized payments system, nothing else matters. Just my thoughts  |
|
|
|
No, USD and EUR will never be a thing of the past and this exact belief is the reason why some government officials are against BTC which was created to complement fiat currency.
Fiat currency may be redefined but it won't be a thing of the past.
Some countries have either adopted BTC as legal tender (eg: El Salvador, Central African Republic) or are about to do it (eg: Argentina). These are signs that BTC will become the world currency in the future. I know most governments want to push their agenda of rolling out CBDCs (Central Bank Digital Currencies) to the public. But the thing is, people are getting tired of ever-rising inflation rates (despite claims from central banks that inflation is easing off). This will cause distrust in the banking system patronized by mainstream governments worldwide. You can see why Bitcoin has so many enemies. Particularly those within the banking sector (Jamie Dimon) and in the government itself (Elizabeth Warren). They don't want BTC to prevail, otherwise that would mean people will ditch Fiat (in this case the USD) in favor of a decentralized cryptocurrency governments can't get ahold of. Lets see what Jamie has to say after BTC goes all the way to $1m. Maybe he will change his mind once Blackrock gets its spot ETF approved by the SEC?  |
|
|
|
Tether's measures are good for tackling criminal activities on the Blockchain. But what if it decides to target individuals' stablecoin holdings at the request of the US government? Then it would make Tether no different than traditional banks. You can never trust a centralized coin subject to manipulation and corruption. For complete peace of mind, convert your crypto to a decentralized stablecoin such as DAI or USDJ. Who needs a coin tied to existing Fiat currencies anyways? Isn't the whole point of crypto self-sovereignity and financial freedom? By using a stablecoin like Tether, you become a "slave" of the banking system. I'd prefer to use a truly-decentralized cryptocurrency like Bitcoin, even though its price fluctuates in Fiat terms (volatility). You'd need to choose between freedom or slavery. With Fiat currencies on the brink of collapse, Tether and similar stablecoins have their days numbered. Who knows if they're eventually replaced by CBDCs? Just my thoughts |
|
|
|
Litecoin isn't even that close to $100. It needs a 40% pump to reach that price and has not performed well in the recent bull market. A few years ago people wondered it it might reach $1k, but looking at its price today shows just how much it has fallen. Litecoin can help you save on fees but so can many other coins. Litecoin is mostly thought of a Bitcoin copycat and doesn't have any unique features that make it stand out amongst the competition. Mimblewimble is a nice feature but it isn't a fully private blockchain. Other altcoins already have Tornado Cash style mixers and Monero if better is all you care about is privacy.
Unlike many of its competitors, Litecoin is a tried-and-tested blockchain network that's decentralized. The cryptocurrency first started as a direct "copycat" of Bitcoin, only to face a major change in the protocol regarding built-in privacy with Mimblewimble. The reduced block time and limited supply of 84m units, makes LTC a unique coin among the rest of the pack. Solana is faster and cheaper than LTC, but it's centralized, unreliable, with a larger number of coins in circulation. LTC's added scarcity should contribute towards higher market prices in the long run. Slowly but surely, it will get to $1k. A prolonged bullish market for BTC, should prop up LTC to the moon. Who knows if Litecoin is bound to make a comeback soon? |
|
|
|
Those who become very rich through the fiat system and are involved with centralised organisations won't like Bitcoin. A few people will always oppose Bitcoin, but who cares? Also, we don't know if they want to accumulate Bitcoin at a lower price since there is huge potential for Bitcoin. They always blame Bitcoin for money laundering, but the largest part of money laundering occurs in fiat currency. Why aren't they preventing multibillion-dollar money laundering through fiat? Also, they never mentioned it anywhere. However, we don't have enough time to hear their nonsense.
The corrupt, centralized banking system is on the brink of collapse. People are starting to lose faith in Fiat currencies due to banks' inability to put inflation under control. These giants claim inflation eased off, but the truth is that things are not as good as they seem. They will keep printing money even if that means the poor will get poorer in the long run. With Bitcoin, this level of inequality is no longer possible. That's why bankers spread negative comments against Bitcoin. They are afraid it will take over Fiat, effectively stripping them away from power. Jamie Dimon, Warren Buffet, and Elizabeth Warren all are part of the corrupt system I've mentioned earlier. We should not underestimate these people, especially with the power/influence they have over the economy and politics. While they won't be able to shut down Bitcoin, they will introduce a series of obstacles to make it almost impossible for people to get access to it. At least, within the US. For other countries, it's another story. The future is widely unpredictable, so lets hope for the best.  |
|
|
|
It won't be easy for govts to take over privacy laws. There's human right defender organisations which fight for privacy laws. As a final outcome you'd expect govts to win but it won't be easy. It's going to take years for govts to abolish each law that's supposed to protect our privacies.
I'm sure ppl won't use decentralised mixers if they're banned. Any ppl caught using illegal services will be fined or face jail because they'll be involving themselves with crime so decentralised exchanges could go out of business. That hasn't happened but the future's uncertain.
Exactly. While most people will avoid decentralized mixers out of fear, that doesn't mean it's the end of the world. There will be a small few using and supporting these services secretly. All that matters is that people obtain financial privacy whenever governments approve it or not. Wasn't the whole point of Bitcoin about eliminating the middleman? Both banks and governments are the anti-thesis of crypto/Blockchain tech. Most people don't understand this because they're only focused on filling their pockets with money. They let "Wall Street" dictate the rules of the game, instead of letting crypto (particularly Bitcoin) achieve its full potential. I guess greed goes above all else. Governments will continue to increase their surveillance efforts with the hopes of curtailing privacy in the long run. The question is: Will you allow the government to take away your privacy rights? |
|
|
|
Currently, after the Sinbad issue, Bitcoin is being considered a laundering coin. The government would try its best to make it look like Bitcoin was the reason NK getting funds for their successful test of a missile. What I feel bad about is blaming Bitcoin and other crypto, what I think is the government lacked abilities to track the NK.
The original culprit was always China and its CCP regime but, the US ignored it as usual. They were doing it before Bitcoin even came into existence, for now, they found a way to blame everything on Bitcoin without even noticing the past. As for my understanding, it is nothing by hypocrisy and it would stay on as we progress to 2024.
You got that right. The US government treats crypto as it were mainly used by criminals, when it's all of the contrary. Fiat currencies (particularly the US Dollar) are the ones used mostly for money laundering and tax evasion. The main reason why the US and other countries are targeting mixers is because they don't want people to obtain true financial privacy and freedom. They want to have a full scope of what you do with your money. With privacy, governments have no control over what you do with your financial life. This will be a never-ending battle between privacy/crypto advocates and mainstream governments. What matters is that crypto stays decentralized so it could render governments' efforts worthless. With non-custodial mixers in the game, I doubt privacy will cease to exist in the future. |
|
|
|
It can but it needs to survive two more bull seasons for that. After seeing so many L1 and L2 project on the market, I am not so sure about these legacy coins. People are more focused on fundamentals and real-world use cases. Is there anything Litecoin is doing that other projects can not? I don't think so and this industry is going to taken over by the institution after these bull run so they will decided which project will do better and which isn't. They will mostly go for the new project or developed their own project.
Litecoin may be old, but it's still useful for day-to-day payments. Whereas other coins have shiny-new features (at the cost of instability and centralization), LTC proves itself to be a reliable payment system for those who need it the most. Decentralization is what distinguishes Litecoin from the rest of the pack. With a limited supply of 84m units and built-in privacy features, I'd say LTC is extremely-undervalued. I think the lack of a strong marketing/promotion strategy is preventing Litecoin from reaching higher market prices. At least, we get to enjoy cheaper fees in Fiat terms. The future is widely unpredictable, so we can only hope for the best.  |
|
|
|
I'd wait and see the outcome of Binance battle with the SEC which is still a work in progress. SEC recently confirmed that they're still going after binance and that the DOJ settlement will only serve as fuel for its battle with Binance. Till all the legal battles that Binance has settles down, I won't be too involved with using that exchange as much as I used to. Binance is already losing its market share to the likes of Bybit, OKX amd Kucoin but I don't think any of these exchanges have what it takes to completely dethrone Binance — so best play imo, it's to wait and see how it plays out. If Binance survives the legal hurdles, then definitely; BNB will see another all time high. https://www.bloomberg.com/news/articles/2023-12-08/sec-says-its-binance-case-should-advance-despite-doj-settlementThe SEC wants to take down Binance at all costs. It seems like Gary Gensler hates crypto more than anything else. If this keeps going, it's likely the crypto industry will move away from the US into countries with a friendly-regulatory stance. I see both HK and the UAE becoming the next epicenters of the crypto industry. Without money pouring into the US market, the country will lose the opportunity of staying at the forefront of innovation. In other words, the US will be left behind in the dust. CZ was smart enough to pay the fine and face responsibility for his actions (unlike SBF). This is good for the long-term image/reputation of Binance. I'm pretty sure BNB will rise from the ground up after a prolonged fiasco with the SEC. As for Bitcoin, I believe it will only grow bigger and stronger in the future. If the crypto industry works hand-in-hand with the government, it will be able to grow towards unprecedented heights. Just keep buying, holding, and forget about the rest. |
|
|
|
With every negative thing that Jamie Dimon has said about Bitcoin all this time I believe any BTC enthusiasts who still see his statement as a problem or threat to BTC advancement as the future payment system don't know the concept of BTC so well because the use of BTC is inevitable if not BlackRock, and others won't have had an interest in it.
He's only saying that because he's afraid of Bitcoin. We all know the government can't stop Bitcoin. What it can only do is introduce restrictions/limitations to prevent as much people as possible from getting access to it (particularly through CEXs). But that won't stop anyone from using it secretly. Bitcoin is decentralized, so it's virtually impossible to enforce regulatory action. With countries gradually adopting BTC as legal tender, it should only be a matter of time before Fiat currencies (like the USD and EUR) become a thing of the past. I really hope Bitcoin beats down those greedy banks for good. Only then, we can have a truly-decentralized economy. The more people adopt BTC, the more Fiat will lose ground in the mainstream world. What will Jamie say once BTC becomes the reserve currency of the world?  |
|
|
|
Platforms like centralized exchanges and services that are data farms, most people don't care about privacy or censorship, they just want BTC to pump so that they can make money, so many people in the network do not care if the government gets some form of control over the network, especially through the miners, we can see that some miners are starting to embrace censorship and by doing so they are attacking BTC and its fungibility. Only few people in the network identify this as a problem, as long as it isn't their tx's that's being censored, then they are fine, all they are concerned about is the next pump in price.
That's the problem. A lot of centralized services are dominating crypto and the Internet as we speak. Even when some of these services are KYC-free, they still collect your data by looking into your browsing habits (eg: Facebook). People won't care about privacy as long as they get convenience in return. With governments hunting down anything that provides privacy/anonymity, the days of personal freedom are over. We'll be heading into a future where surveillance states will dominate the world. Everything you do will be known by the government. There won't be hope if we don't defend our right to privacy. Who knows what surprises we'll find in the long run?  |
|
|
|
But Litecoin is also having Minimal fee> and much lower fees comparing to those mentioned currencies so yes we can use Litecoin more than other coins.
the only thing that is best for bitcoin nowadays is the security being the most popular and trusted coins , but aside from that? in is still altcoin is best to use when transacting nowadays .
Indeed. Litecoin does have cheaper fees than the rest of the pack (alternatives that are highly-popular these days). While there are some coins even cheaper than LTC, they're often centralized and unreliable (eg: Solana). Not only that, but Litecoin has a limited supply of 84m coins and built-in privacy features. It's very undervalued to say the least. Hopefully, people will realize its true benefits over time. The sky is the limit to how far LTC will go. Who knows if buying LTC now will make you filthy rich in the future? |
|
|
|
One (x1) set for me of the lowest number available, please. Check your PM for more info. Thanks! |
|
|
|
Its easier said than done. Making comments on shutting down Bitcoin is only limited to the circle of influence one controls, its not a global possibility. How do you tell the miners in various parts of the world to shut down their miners simply because you do not want it, when the whole world is in a warm embrace with the tech.
Comments like thes are reasons why most people loose elections and risk not having a career, it means you have no interest of the masses at heart and if allowed you will further impoverish the citizens.
The guy doesn't know what he's talking about. It takes more than one person's efforts to shut down Bitcoin for good. I think what Jamie Dimon meant was ban Bitcoin from mainstream use. US citizens won't be able to buy/sell Bitcoin if it's declared "illegal" in the country. At least through centralized exchanges. A workaround for this would be to either buy/sell BTC through a P2P exchange or a DEX. If Bitcoin wasn't decentralized/censorship-resistant, this wouldn't be possible. I'd dismiss Jamie Dimon's comments as nothing more than pure FUD. With JP Morgan using Blockchain tech behind the scenes, you'll realize this is nothing more than drama to plunge Bitcoin's price. Banks and governments know crypto is the future of money. The question is: Will you believe the FUD or buy and "hodl" no matter what? Only those who're smart, will obtain huge benefits in the long run. Who knows if BTC ends up being the reserve currency of the world? |
|
|
|
That the world we're living in. If you're going to spend some of the bitcoin you're going to tell the exchange what other coins you've got on the same address.
They're going to bring in laws for regulated exchanges but American law won't be the same as New Zealand or Mongolia. It's going to be about the country you're living so laws are going to be different. In time trying to keep some crypto swaps private's going to get restricted so we're going to lose more privacy.
Governments are increasing their surveillance efforts with the excuse of preventing (or minimizing) as much criminal activity (money laundering, tax evasion, terrorist financing) as possible. But we all know their real intentions. They will ultimately abolish privacy/anonymization techniques to prevent people from getting true financial freedom. Only government officials and bankers will be able to achieve privacy. Even though governments won't be able to shut down decentralized mixers, most people won't dare to use something that's "banned" from mainstream use. Those who are caught mixing "behind the scenes", will either face fines or jail time. It's a dark future we're heading into. So prepare yourself for the worst.  |
|
|
|
It also doesn't really solve any problem if they ban mixers. There are so many services that essentially allow users to break traceability by going back and forth between different cryptocurrencies, or of course use Monero. And for as long as there is a need and a marktet for mixing services, there will be mixing services. They can maybe shut down one of those services every few weeks or so, but that doesn't stop anyone from setting up the next one. I was wondering if authorities should run their own mixing services as that would be an effective way to gather as much data about people as possible.
Mixers cannot be banned. Especially non-custodial/decentralized ones. Those who care about privacy will move on with their lives by using another mixer that's truly censorship-resistant. We knew from day one that centralized mixers were going to be scrutinized by mainstream governments. After all, they don't want people to enjoy true financial privacy. The more people obfuscate their transactions, the less power/control the government will have. With DEXs, atomic swaps, and privacy-oriented cryptocurrencies (eg: Monero), we'll never have to worry about government surveillance ever again. Let's hope BTC devs integrate a privacy mechanism into the protocol (Zero Knowledge Proofs?) for complete peace of mind. If they do this, expect constant opposition from governments in the long run. Satoshi never intended to please the government in the first place, so why should the community do otherwise? Just my opinion |
|
|
|
SBF's did fraud on unbelievable scale so he's going to be made example by the American govt. He's going to spend many years of his life away from society. He's going suffer when he's released because he won't have money. CZ getting max 18 months looks light because of the plea deal. At least when CZ's going to be released to society his billionaire status won't be altered.
He's resigned from Binance but what's going to happen to his Binance shares. In America are convicted money launderers allowed to keep shares in companies they've used to launder?
CZ did nothing compared to SBF. We could say CZ did a minor offense (misdemeanor?) while SBF did all of the contrary. By paying the $4B fine, CZ will be facing minimal jail time. He won't lose his fortune, as well as his reputation. Whenever he gets to keep his shares on Binance or lose it all, is yet to be seen. The court will ultimately decide CZ's sentence. I see the current series of events as a new beginning for Binance exchange and the crypto industry as a whole. Confidence will be restored, while industry players will work closely with regulators in the long run. CZ can still have an influence over Binance without the need to be a CEO. He will be more of an advisor to the company than anything else. Who knows if BNB is bound to return to its former glory soon? |
|
|
|
It's been a long time since I've heard about OpenBazaar. I've thought it was a goner by now. Glad to know development is still on-going. What I didn't like about OpenBazaar was the terrible user experience. Particularly on mobile devices. This limits the decentralized marketplace's ability to reach widespread adoption worldwide. With regulatory pressure increasing each day, I wonder if OpenBazaar will survive? Would you imagine someone selling illegal stuff on the platform? Developers might be held accountable for this. Particl marketplace is also on the same boat. The future is widely unpredictable, so we can only hope for the best. |
|
|
|
Anyone noticed the official store for 1HODLCLUB is down? I've typed the following link: https://1hodlclub.comBut I've found that message from Shopfiy which reads " Sorry, this store is currently unavailable". The old domain (1hodlclub.store) doesn't work either. Don't want to spread FUD, but is this a red flag?  Thanks for the info, better be alert than sorry. Website seems to be working fine, thought, including the shop. Just checked his profile, seems to be active as of today https://bitcointalk.org/index.php?action=profile;u=2938510Last post is around 3 months ago, maybe he can jump in and say something on the matter. He just sent me a PM on Twitter (X). It was a problem with Shopify itself. Glad the site is back again. Hopefully, it stays that way for a long time. |
|
|
|
Anyone noticed the official store for 1HODLCLUB is down? I've typed the following link: https://1hodlclub.comBut I've found that message from Shopfiy which reads " Sorry, this store is currently unavailable". The old domain (1hodlclub.store) doesn't work either. Don't want to spread FUD, but is this a red flag? |
|
|
|
|
Show Posts
