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Don't really expect FUD to stop existing any time soon. Especially knowing that Bitcoin and cryptocurrencies in general are such a "bizarre" and new concept, having both constructive and non-constructive criticism are pretty much inevitable.
I mean, even Amazon has criticisms in an investing perspective.
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There's a possibility. I mean, Making such move makes ZERO sense though. Selling bitcoin just because you had beef with the community? Bro. I also sold my Amazon shares because my $AMZN shareholder neighbor called me a twat. smh  |
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Such thing shouldn't happen. Because when you set a limit/market buy order, your order should be buying at the best price available. Whereas, if there's a sell price at 0.52 USDT, unless you don't completely drain out the whole offer down to 0.501 USDT, your 0.050 USDT sell offer should remain untouched.
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What on-chain data needs to be referenced though? The recent fiasco between Bitcoiners and Elon is a community thing, not necessarily a problem with the system.
In Elon's defense, the Bitcoiners on Twitter are definitely a bit too hostile. But in the defense of the Bitcoiners, Elon's arguments are pretty ehhh, "look guys I know Bitcoin because I created PayPal". Even though knowing about traditional finance doesn't automatically mean you know blockchains.
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KuCoin is pretty reputable, but we really can't comment on security. Because exchanges are exchanges, and exchanges get hacked hence why you shouldn't leave funds in them for long periods of time. https://cryptosec.info/exchange-hacksAs for AML/KYC, the last time I used it it had tono KYC(last year), so there's that.
Edited my typo |
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If Mcdonalds and Stabucks start to accept Dogecoin and present it throughout all their shops worldwide. Would it flip Bitcoin?
I think yes because after it tons of other merchans will accept doge and it can easily flip bitocin.
No. Because it would be utterly stupid for any merchant to accept DOGE and not bitcoin. It's as stupid as not accepting USD on airport currency exchanges. Also if you look at the last 7 days Dogecoin is stable on the 0.5.
It became a stable coin.
It's been in the 0.5-0.54 range for only literally 3 days. Elon musks says he woks with dev to impove it.
404 developers not found Bitcoin electricity/techonlogy sucks.
I can see Dogecoin the meme coin flips BTC.
You're trashing Bitcoin's technology yet you don't even know how a stablecoin works. Seriously though, posts like this might be a signal that we're nearing the top of this cycle lol. |
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Secondly USDC can be used in so many exchanges but BUSD appears only in Gate.io and Binance if memory serves me right. Imagine if Binance got shut down, where would you take your BUSD to?
It's on Poloniex and on India's WazirX as well; though liquidity on these exchanges are like shitcoin-levels low. And when I say shitcoin-levels low, I mean page 2 on Coinmarketcap low. Definitely not something you'd be confident in holding. |
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Yes you can. Because the 24 word seed is a back up in the first place.
Just to note though, have you only written down the 24 words on a piece of paper and NOT store them on a txt file, an email, or anywhere digital? If so, you definitely want to generate a new wallet for security purposes.
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Simply dollar-cost averaging[1] bitcoin. One of the best risk:reward strategies that people don't like using just because it's boring. I simply use this strategy, and focus on other things like business and learning new skills. I like to short-mid term trade altcoins occasionally though.
[1] https://dcabtc.com/ |
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What you mean "beginning"? LOL
I think what OP meant by going to "war" is Bitcoiners actually fighting in retaliation not through the typical forum or social media posts, but through one of the mediums that big media businesses are using — documentaries. |
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I once gave some money to someone with a coinbase. And I sent it to her Gmail as a transaction. So where did she get that money?
Uhm.. from you? Because you just said that you sent her the money? I don't get it. And how did she use it? I'm curious to know.
She registered a Coinbase account just like you, and the money was sent from your Coinbase account to her Coinbase account. It's that simple. |
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I am not a Coinbase user, but afaik, sending bitcoin to another Bitcoin user will require mining fee but unless the person you are sending to is also a Coinbase customer, if the recipient is a Coinbase user, you will be able to send to the person using email for free. I hope someone that is using coinbase will be able to tell you how to do it.
I think I get it now. So OP is referring to Coinbase<->Coinbase transactions. I want to know how the transaction is done in email. What is the process
The transaction is not done through email, it's just that you can send funds to other existing Coinbase users using their email. Also, it's not an on-chain transaction as you would make which has transaction fees. It's just easy and free because Coinbase<->Coinbase transactions are merely just change of balance numbers on Coinbase's database. |
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But in Coinbase we can do transactions through Gmail.
Can someone expound on this? I'm not sure, but I doubt anyone can make Coinbase transactions through email(besides transaction verification à la 2FA). |
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Not sure such thing is necessary. While I'd like some FUD counter attack content for the newbies, if such a documentary would be fully funded by Bitcoiners, then I could already see the counter-argument from the FUDders — "the documentary is propaganda because it's fully funded by Bitcoiners".
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The others aren't even "real" bitcoin. Those are just sort of wrapped synthetic versions of bitcoin on other networks, so DeFi people can somewhat use bitcoin for collateral on "DeFi" platforms. is this legal?
How is it not? You think Satoshi will sue them?  |
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My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?)
If anything, people buying bitcoin as a SoV is actually better in terms of price increase because it takes coins out of the markets. In contrast to using BTC for payments whereas with most payment processors, the BTC is automatically sold for fiat the moment the transaction confirms. And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me  Because no matter how good/bad your currency is, it's still in the firm grasp of your government and can be inflated at will. |
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Absolutely correct in third world countries like mine banking system are down several times a day. You cannot blindly rely on them. But, congestion in cryptocurrency networks like Bitcoin is also an issue. But, you have other blockchains that can transfer money in a second and also at a cheap fee. Cryptocurrency is the only solution, you cannot deny it.
Oh sure, mempool congestion is definitely not great especially when you need to move money asap. It's just that at the very least, you can still send out bitcoin, just at a higher fee. But not totally 100% barred as with banking/online banking when they go down for whatever reason. |
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If entering the phrase keys to another non-custodial wallet work, then why people send their coins between the wallets?
I meant to be personal transactions.
For example, Trust Wallet doesn't support some coins staking, but Guarda Wallet does.
It's either: 1. They're totally unaware of the option to export and import private keys between non-custodial wallets 2. They simply send out the funds to a new wallet for a new set of private keys. Basically for security purposes I enter my phrase keys into the Guarda Wallet and start staking. Is it OK?
In theory, it should be ok. But I personally wouldn't be comfortable with importing my wallet's private keys in multiple wallets; unless it's a hot wallet. |
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The two examples are a bit over exaggerated to be honest. There are many cons to the current banking system, but let's stay fair.
I have never experienced in any of the banks where I have accounts that the systems are down, I wasn't able to send a payment, or couldn't withdraw money from the cashier's desk.
This is mostly a " it depends where you're from" thing as far as I know. Especially if you're from the more well-developed countries like the United States, these kinds of problems are probably rare as hell. Where I'm from, I can't even count how many banking service disruptions I've experienced already, and that's just with me having a bank account for more or less 2 years. I'd imagine it would most probably be far worse in poorer countries. |
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Man you've been criticizing Bitcoin for a while and you don't know the answer to this lol. Pretty much what Welsh said. One reason why Bitcoin is great, is that people worldwide has a copy of the Bitcoin blockchain on their computers/servers. Hence, it makes it virtually impossible for anyone to take out the network because that certain entity would need to shut down and kill every single device(9000+[1]) worldwide that runs a node.
[1] https://coin.dance/nodes |
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