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621  Economy / Service Discussion / Re: Why do members switch campaigns always? on: October 29, 2023, 04:41:07 PM
Someone who's capable of acquiring 2.000 merit in the first place is likely to earn more without any extravagant effort, firstly due to their status and secondly due to their knowledge. It's unlikely that someone with a legendary account with so much merit would sit back and relax and start posting gibberish. Creating constructive content isn't that difficult after all; it's possible if you're determined and patient enough.
-snip-
Extensive knowledge will affect the quality of the constructive content created.
Seniors or even those who are new but have good knowledge and content quality will easily get many merits, they are really serious in responding to every discussion, thus providing a solution, not just nonsense.

Some other legendary accounts with minimal merit may just create nonsense posts, because they are already in a safe zone with a signature campaign that pays for it, but in the end, when the rules change it will be the reason why they are kicked out.
That's correct; your rank doesn't necessarily mean that you're knowledgeable. I've seen plenty of Jr. Members up to Full Members contributing vastly to the forum and assisting other users by providing technical knowledge regarding Bitcoin, networks, wallets, and so on. On the other hand, there are high-ranking members who had ranked up before the merit system was introduced and are still posting gibberish in known spam sections of the forum.
A manager who leaves a note about how they did in 1 week is a warning that should be evaluated.
Sometimes there are managers who don't give any warnings, but as the rules change in the campaign and developers want quality participants, those who don't have good progress will be kicked out immediately.

Improving all the time is necessary.
It's also a warning to myself to keep improving and not just give crap.
I also believe that warnings should be given before removing a signature campaign member if a deteriorating performance is found. It could be a case of personal matters that may have impacted his or her performance. However, if it's a continuous issue, no more than two warnings should be given.
622  Bitcoin / Bitcoin Discussion / Re: Have we seen the lowest low of this bear market? on: October 29, 2023, 01:20:29 PM
I personally believe that this major event will be world war III, which is slowly unfolding right now. And subsequently the collapse of the current monetary system.

Also keep in mind that banks and governments want to launch their CBDC's and bitcoin is a threat to it.

I am very convinced all of these things but I have no idea how big of an impact they will have on the market value of BTC, in the short run and in the long run.
I think Bitcoin will be the least of our worries if WW3 breaks out. Unfortunately, there are currently way too many active conflicts, and everyone has focused on Israel and Palestine, and we've completely forgotten what happens in Ukraine. I wouldn't be surprised if Russia advanced even further, since the interest and the funding stem from the Middle East. I'm hoping that it settles down soon, because otherwise we'd start suffering the consequences of these wars soon enough.
As many others have commented, with the current two wars unlikely to have a major impact on creating a third world war, the major powers will never let that happen. The great powers know that if World War 3 happens, it will take hundreds of years for them to have things like today. They wouldn't be stupid enough to let their research and achievements disappear and have to rebuild from scratch.

The launch of CBDC has nothing to do with bitcoin, CBDC is a currency and bitcoin is an asset, how could bitcoin threaten CBDCs?
Hopefully yes, I don't believe that this will turn into another world war. We've learned enough from the previous wars, and I'm hoping that we can prevent another one, which, with current technology, would be disastrous for all of mankind.
623  Bitcoin / Bitcoin Discussion / Re: Instagram Banned Bitcoin on: October 29, 2023, 10:33:15 AM
Without a doubt, banning something has become such an old trick, right? When there is a ban or restriction, there is a shock wave that goes through the market, but let's be honest: the core community is still strong. The core of crypto, especially Bitcoin, is built on being strong and flexible. These bans are only short-term problems. The neighbourhood? Very strong. As we can see from past, the crypto community has been through a lot of bad things.

The never-ending cycle of bans and returns is now easy to guess. At first, theres a drop and maybe a little fear. But what happens next? Get better. Because people in the community know that crypto has worth and potential on its own. There have been many times when Bitcoin has shown its strength and shown doubters to be wrong. Today is a ban? A possible U-turn tomorrow. We can only wait and see what happens, but what about the community? We plan to stay here for a long time.
Restricting something is the oldest trick in the book to raise a wave of complaints and possibly the easiest solution to acting like you've accomplished something. However, I doubt that anyone would even bother with Instagram; it's supposedly for photos, not to promote sophisticated investment strategies or cryptocurrencies; its users aren't the right audience. It is, however, filled with so-called influencers with pyramid schemes that no one seems to put a stop to, and they are a plague on social media, scamming unsuspecting people who're trying to figure out a way to make extra money.

With that being said, there's no doubt that such a restriction would cause zero damage to cryptocurrencies whatsoever. I highly doubt that the Meta ban actually had any effect either.
624  Bitcoin / Bitcoin Discussion / Re: Have we seen the lowest low of this bear market? on: October 28, 2023, 10:16:22 PM
Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I know $50k can be achieved with bitcoin but due to its highly volatility, it will be uncertain when will bitcoin hit that price. Even if we say bitcoin etf will soon to be approved by SEC, but I can't give fixed amount as to how high bitcoin will reach that time. Although  a lot of bitcoin analysts are now very optimistic about the future price of bitcoin, but we all know no one holds the future of bitcoin even Satoshi himself, so all these predictions will remain to be predictions until they're proven true. But to be honest, for me I guess $50k for this year is still impossible to achieve, but it will be highly possible right after the bitcoin halving is over.
I recently made a thread regarding the $50,000 mark and the possibilities of surpassing it. In my opinion, Bitcoin won't face any major difficulties surpassing it within the upcoming year, certainly not for 2023, unless it's approved by Blackrock, but even then, it looks too optimistic for the two months that are left.

Personally, I don't think we'll see any major crashes below $25,000 in the upcoming period unless a major event occurs. Being denied the right to be listed as an ETF by Blackrock is certainly one of them, but I don't believe that its effects will last forever, even though it's unlikely to. Who knows, a new ATH might be closer than we think.
625  Bitcoin / Bitcoin Discussion / Re: New way to keep your seed phrase secure. on: October 28, 2023, 09:16:07 PM
Idea:
Hello, I am sharing a new idea for keeping your crypto seed phrase safe. You can make your seed phrase more secure by translating it into different languages. For more security use a translator and translate in two or three languages and split them to different papers for more security.

So this basically mean you will enter your seed phrase into the translator which will definitely make it go online, so it is bad idea to begin with.

Google is not going to track me for my 0.002BTC. and it's not simple, a seed have 12 words I will translate 4 words in 3 different languages in different papers and keep them in different locations. Maybe 2 papers is good choice.
You may have a minor amount of Bitcoin, but you're posting your idea here as a potential way to store your seed phrase, so I don't know if you're getting my point. You could potentially make it work by doing the translation yourself, provided that you know another foreign language. Personally, I wouldn't go through such a hassle; storing it on a few pieces of paper would suffice for me. You can easily make a mistake in translation when you're trying to recover the original seed, although the seed phrase's words are generally pretty simple and straightforward. As other users have already mentioned, there are numerous ways to store your seed, so whatever suits you best.
626  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin looking like sleeping gigant in this bull run season on: October 28, 2023, 07:10:37 PM
I'm also a supporter of Litecoin, and I believe in its capabilities. It's one of the first altcoins ever created, and even though it has been in the shadows for the past few years, it has been performing quite well despite the bear market. In my opinion, the upcoming bull run will push its price up to $100 for sure. It's certainly not the most promising investment currently, but I believe that it's capable of providing a relatively safe option that may yield up to 100% yield, doubling in price within the next 1.5 to 2 years.

I'm currently buying small amounts of it every week through Binance's auto-invest option, aiming to soon acquire at least one Litecoin for the sake of it being a historical altcoin.
627  Economy / Economics / Re: Almost All Countries Affected by Inflation, Opportunity for Bitcoin! on: October 28, 2023, 04:48:42 PM
I don't believe there's much correlation between El Salvador's Bitcoin adoption and the relatively low inflation rate. There are plenty of other countries that are in a similar position without having adopted Bitcoin; see Kosovo, Belarus, and a few other countries on the Asian or African continent. On top of that, I remember reading an article a few months ago that said Bitcoin transactions are still not that common and its usage is pretty low. So far, El Salvador's experiment has little to show, as a large number of people only took advantage of the early signup incentives and gave up after a short time period, while it cost El Salvador millions in infrastructure.
628  Economy / Exchanges / Re: What do people think of Kraken on: October 27, 2023, 09:20:50 PM
It's one of the first exchanges I used, somewhere in 2017. I didn't have any issues, but I ultimately ended up switching to Binance for a variety of reasons, such as lower fees and an overall better platform. My main complaint was the layout. I wasn't really fond of it and found it a little unconvenient compared to other exchanges, but I was generally satisfied. I'm not sure about those TrustPilot reviews, but it honestly has a relatively low rating of 2.5, and I'm seeing quite a few complaints about slow withdrawals, customer support issues, and a few account closures, along with some others that don't make too much sense.

If you're having second thoughts, you can always choose another one. I might not be the most objective person to answer your question of whether or not it's a reliable exchange because I haven't used them for years.
629  Bitcoin / Bitcoin Discussion / Re: Instagram Banned Bitcoin on: October 27, 2023, 07:58:26 PM
Instagram had been used as a marketing tool by most of the scammers. Whenever we see a post from a popular person and the below comments could all be flown with I made so and so using this much of capital and connected with a URL. This is what happening in the Instagram for a long. Maybe those could've have caused many users loss their holdings.

Instagram is just a memory making platform where users have got access to add regular photos and after years while they look it back it reminds of old days. With more and more features getting added to it, users started using it for different purposes. This is where the management would've decided to end the bitcoin related posts and allowing the shitcoins.
That's actually the top 1 reason. Meta stated that this is to protect the users from scams. Bitcoin becoming more popular and being advertised as an easy way to make a profit out of your investment. There should have multiple reports of scams that's why they have taken action by adding a restriction when it comes to promoting Bitcoin. As I see it, this is for the safety of the users to avoid exposure to fraud/Ponzi schemes.

Exactly, a platform that should be for posting a photo of your daily activities and such but getting used as a channel to promote fraud/scams. How people use Instagram is not aligned with how it was designed. Many people are taking advantage of promoting on Instagram as it can easily be seen by a lot of people.
Cryptocurrency-related advertisements are also banned on Facebook/Meta; it's quite reasonable and no surprise to see why they prohibit anything Bitcoin-related on Instagram too. It's not like it makes any difference, who bothers with cryptocurrency discussions on Instagram. However, I highly doubt that Meta actually cares about their users. I'm seeing a double standard here if we suppose that cryptocurrency advertisements were banned due to the large number of scams, since Facebook is filled with fake advertisements posing as a large corporation that is handing out free or extremely discounted products. Fake Temu ads have been popping up like crazy the past few months.

However, I'm now reading that the ban on cryptocurrency-related services was reversed in 2021 and instead has some relatively strict requirements. Although I don't recall seeing any featuring cryptos for quite a while, Perhaps I've seen it on Binance or Crypto.com, two of the most well-known exchanges, but I wouldn't take my word for granted.

https://cryptobriefing.com/facebook-reverses-crypto-ad-ban/
630  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a “safe haven asset” on: October 27, 2023, 07:15:51 PM
Hmm, although I understand your point, I don't think it's quite true. Bitcoin is still a volatile asset and an extremely unpredictable one as well. For instance, Blackrock could ultimately reject Bitcoin's ETF listing and send it into a downward spiral. However, I understand that your opinion stems from the idea that, so far, it keeps recovering and cannot be a simple coincidence. That's true, but there isn't enough statistical data to make assumptions for the distant future.

I deem Bitcoin a relatively stable and safe investment, something similar to the S&P 500 index, which has been showing an increasing trend over the last two decades. Does that make it a safe haven? Probably not, and it's exactly how I feel about Bitcoin too. Just because both the S&P 500 index and Bitcoin have been showing an increase in value over the course of the years, it doesn't necessarily mean that this pattern will always follow.
631  Economy / Reputation / Re: Advertised services and participants in a paid sig campaign on: October 26, 2023, 11:27:28 PM
Whether we like it or not, it's an endorsement; you're inevitably part of what you're advertising. If you're posting gibberish or generally something negative, it may actually act negatively on the product's or service's image, which is why the highest-paying campaigns prefer established and well-known members with high merit scores who are trusted by the community. While a single post might not make much of a difference in a signature campaign's product, we've all seen some users here who are generally disliked by the community because they're unable to participate in campaigns. Their views are certainly one of the reasons.

However, I'll have to disagree with the claim you mentioned, as quoted below.
Quote
So, what's even the point of joining such a campaign if he thinks it's unethical? Just to get a few sats, most likely.

We all know that it's more than a few sats, as there are people here making a living or earning a decent side income, myself included. However, that doesn't mean we should promote whatever is served on our plate. I wouldn't even think about joining a signature campaign of a scammy service, such as 1xbit's, even if it paid double what I'm earning now. Its users were warned, but most of them ignored the warnings and kept promoting a scam.
632  Economy / Trading Discussion / Re: Delisted/Inactive Coins from Exchange on: October 26, 2023, 09:44:18 PM
It's kinda showing that the more we are in a bear market year, the more pairs are being delisted.
What are your thoughts?

Little to no trading volume = delist.

While this data make it seems like we're having less trading pairs/tokens on exchanges, I don't have the data — but I'm pretty sure the trading pairs/tokens getting listed totally outweighs the number of delists.
Thats what I think too. Some tokens leave due to low activity but plenty of new ones keep coming in. So while it might seem like we're losing options, the truth is, we're gaining more than we're losing. We just have to keep an eye out for the good ones and ride the market.
That's true; I keep seeing new tokens popping up every single day. Many might get delisted, but hundreds, if not thousands, are being founded every single day. Even though their delisting isn't necessarily an unpleasant thing—perhaps quite the opposite—because the majority of these coins are either failed memes, scams, poorly developed, or zero-purpose coins, my best guess is pump-and-dump ones with no actual volatility, which are a plague for altcoin reputation. However, it's not like we're seeing major altcoins being delisted from reputable exchanges or CoinMarketCap; we probably haven't even heard of most of them. So personally, I don't see how someone can be affected by that unless he has invested in one of those coins himself.

The SEC lawsuit against Binance didn't help either, as it had to delist some pairs that involved USD, and if I'm not mistaken, some more EUR pairs were also removed a few weeks ago due to low trading volume, not really an issue if you ask me, since you can still use USDT or any other major stablecoin.
633  Economy / Gambling discussion / Re: He Used Our Wedding Savings to Play Bet on: October 26, 2023, 07:58:58 PM
I see a few users mentioning that calling off the wedding is too much, but to be honest, it wouldn't be. This is purely disrespectful to his wife and to them as a couple in general. How could you possibly gamble on all your wedding preparations? Why would someone with the right mind take such a risk, even if it was an attempt to double them? I don't think the husband wanted to lose the money either, nor that he had bad intentions, but this is a pure example of an addiction going too far and not accepting that you're having trouble controlling yourself, because if he did, he wouldn't have proceeded with such a bet.

Even by EU standards, the lost amount of money is still a significant one that cannot be saved on short notice. He's definitely not worth it if he's willing to take such risks. I can't imagine how his wife would have felt, not only for the lost money but because her soon-to-be husband is an addict with no self-control. Hopefully, she dodged a bullet and kicked him out of her life.
634  Alternate cryptocurrencies / Altcoin Discussion / Re: Which old coin do you prefer? Litecoin or Dogecoin? on: October 26, 2023, 06:42:56 PM
What would be your pick? And why did you choose that coin in the first place? Your input would be greatly appreciated. Thank you. Smiley
Personally I didnt use any of these two yet but Ive traded them before on exchange. I am fond of using bitcoin and other altcoins instead of old coins so I didnt know the feeling of using it. But some of my friends are using dogecoin as its very fast and got small fees. Not sure if comparable to L1 if its still much cheaper though.
I still prefer dogecoin,  because reason being that,  dogecoin have given me a big profits before while the coin was still at it early stage I bought a few of it and left them in a wallet and at that period of the dogecoin craze I made a lot of profits from the coin and ever since then I haven't gone back or try to buy back even though the price of dogecoin plumb down significantly a few weeks after that.

So if I were to choose between the two coins,  I would choose dogecoin still since it has been proven that dogecoin has higher fans and chances of recovery,  compared to litecoin which looks like a copycat of other projects, for me,  dogecoin all the way.
Although I understand your point, I'm going to disagree. Personally, I don't see any usage or a real purpose for Dogecoin; it was created as a meme coin and nothing more. Litecoin, on the other hand, is one of the first altcoins ever created, derived from Bitcoin's source code. How can I ignore something so fundamental and prefer Dogecoin? After all, it's a meme coin, and the only usage it can actually serve is for gambling. I can't seem to think of anything else. I might be wrong, but that's just my opinion. I respect Litecoin for what it is, but unfortunately, I cannot have a similar opinion for a coin that was created just for a meme.
635  Economy / Service Discussion / Re: Why do members switch campaigns always? on: October 25, 2023, 09:16:57 PM
I do feel like merit is a popularity contest. It's totally worthless for Legendary members, just bragging rights yet you see Legendary members getting merited for everything.
It depends. If you are an active campaign participant, the merits are important even for legendary accounts. We have seen many campaigns where the earned merits in the last 120 days are taken into account. Nowadays, we are seeing campaigns where there is a merit-rank, enabling those with 3k or 4k of earned merits better pay rates than the rest of the participants. If you earn 2k and start thinking, now I don't care anymore and can relax, your position may be filled by someone who didn't relax. So, they have their uses. Let's call it that. 
Someone who's capable of acquiring 2.000 merit in the first place is likely to earn more without any extravagant effort, firstly due to their status and secondly due to their knowledge. It's unlikely that someone with a legendary account with so much merit would sit back and relax and start posting gibberish. Creating constructive content isn't that difficult after all; it's possible if you're determined and patient enough.

However, I understand your point; this scenario is more probable with someone who ranks up from Full Member to Sr.Member or Hero, where you practically reach the peak of the signature campaign payment rates.
636  Bitcoin / Bitcoin Discussion / Re: how fascinating this story is... on: October 24, 2023, 10:47:58 PM
snip

this thread is an example of how shady an exchange or any reputed exchange/company/brand can be behind the painted wall.

Overall toasty just wanted to help users by starting that thread.
Thanks for sharing; this was a fascinating story that I hadn't heard before. However, I'm going to disagree with you. First of all, I'd like to state that I've got zero knowledge regarding the crash of Mt.Gox, how it occurred, and what mistakes the exchange made. Although, from my understanding, the user named "toasty" took advantage of a loophole in the system to acquire Bitcoin far cheaper than the market price. From how I'm seeing things, setting other factors aside that this user mentioned regarding the exchange's safety, it looks like it's intentionally exploiting something that wasn't supposed to function that way.

In fact, he got away with more than 600 bitcoins, for which he could have been sued by the exchange. Thus, I don't see how the exchange acted shady and blocked the withdrawal of the remaining coins. Correct me if I'm wrong, because I might have misunderstood.
637  Economy / Service Discussion / Re: Why do members switch campaigns always? on: October 22, 2023, 04:51:57 PM
<Snip>
It's a free market and nobody should be forcing anyone to be where they don't want to be. Loyalty can't be forced upon you, otherwise it's not real loyalty. It's based on fear and uncertainty. You choose who or what you want to be loyal to because it's not a requirement that someone should make you respect.    
I'm 100% with you when it comes to campaigns, I don't expect the most qualified people to be held somewhere in the name of loyalty. If at all, the loyalty must always be relative to something (pay and value), not on a compulsion basis.

It happens in real life in a centralized system as well, once you are qualified for higher benefits, you try your luck and let the market forces play their role, especially if you are a dedicated campaigner. In the second to the last campaign I was in, the value was paid in BTC and there was a time I received $49+ in a week while elsewhere with a bonus of the same rank as mine received almost twice it.

It will not pinch if I did less work, I did more posting than anybody there and my posts are of quality. I don't expect to be loyal to such a campaign in the long run. It was only hurt that I parted ways early with a new campaign manager.
As someone who generally prefers a stable environment, I don't mind staying loyal. I've been in the Roobet campaign for over two years and I'm satisfied with the requirements and the payment rates are generally fine, not the highest paying one, but decent enough. Thus, I personally don't see a reason to look for another. It's understandable that people are switching campaigns, as newer ones keep appearing and may pay higher rates. It's nothing different with job hopping, it's way more probable to achieve a higher salary by changing jobs, rather than wait for an increase.
638  Bitcoin / Bitcoin Discussion / Re: Lessons of my experience and knowledge about Bitcoin on: October 22, 2023, 02:59:32 PM
Selling an altcoin at the right time is something that is easy for everyone to understand, but how can you determine what is the right time and more importantly when it will be? This is probably the most important question that traders need to answer and there are as many answers as there are traders.

So the majority of those that try to multiply their money in this way will fail to realize their goal, and in that case even if the possibilities of making so much money at such a fast speed are not zero, the odds are so low that you may as well think of them in that way.
I'm not fond of altcoin trading, or trading in general. For this reason, there's no easy way to determine when's the right time to sell. However, there could be some indications to look for. Not long ago, CyberConnect was launched through Binance's launchpad platform and was soon open for trading. For two or three days, it was climbing like crazy, but one night in particular, it skyrocketed within minutes. I was watching very closely and decided to sell right at its ATH. It proceeded to crash shortly after. What did I observe? The hype cannot keep going forever, as it has already seen massive increases in price. Certainly, it could have climbed more, but my gut told me that it was the right time to sell.

Altcoins, and especially these hyped tokens, offer great opportunities but are a pure gamble, one that I'm not willing to take. However, I stand with the OP's statements regarding Bitcoin, as in my opinion it's proven to be a great investment if you're managing it correctly, along with being patient during the whole process.
639  Economy / Economics / Re: how businesses swindle the minimum wage employee on: October 22, 2023, 01:35:33 PM
Unfortunately, it's quite common to work off-schedule by going to work a little earlier and also leaving a few minutes after your shift is practically over. Moreover, the unpaid breaks should be included in your usually legal 8-hour shift, not as an extra. Your acquaintance, as you mentioned yourself, spends more than 9.5 hours in the vicinity of his workplace. He's spending his whole day practically just for work; 9 a.m. to 6 p.m. are way too long hours to be away. Not to mention how much time you spend communicating back and forth, and you're practically away from home for over 10 or even 11 hours, depending on how far your job is.

Ultimately, you're spending a lot more time than you're thinking about without being paid for it. I doubt that anyone would pay you for commuting, but arriving earlier and leaving a few minutes later should be paid, and unfortunately, it's something very common, and I have experienced it myself too.
640  Economy / Trading Discussion / Re: is there any safe ways out there to get 10-15 % ANY return rate ? on: October 22, 2023, 09:07:41 AM
10% APY in stablecoins may seem like a good deal, but it's still a risk, because if we look at stablecoins like UST they are worthless because of greedy CEOs and scammers.
Be aware of the risks involved, make the most of them, and profit consistently.

But saying with 20% APY on Altcoin or token is quite risky, because indeed the price fluctuation will be very fast.
Maybe the token will continue to be obtained but the price that continues to decline will make the coin price worthless again.

There are many kinds of scams with large profits, but in the end, it will only hurt.
Be careful with promises that provide large profits.
Beefy.Finance only offers a vault of a new project but it is possible that it will be harmful or even a scam.
UST was a whole different story, but I understand your point; we haven't ruled out the possibility of another algorithmic stablecoin having a similar fate. However, a quick look at beefy.finance and you'll find up to 30% APY on stablecoins. Certainly, nothing is guaranteed, and some vaults are riskier than others, but I believe that 10% to 15% on average is achievable with a low to moderate level of risk. Apart from stablecoin vaults, you'll also find vaults with random, usually new tokens, with APYs as high as 2,000%; certainly, that's a whole different story, and the risk is much greater. Personally, I wouldn't take my chances on such coins unless you're up for a gamble.
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