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641  Bitcoin / Bitcoin Discussion / Re: Community research: To drink or to buy coins? on: July 30, 2023, 03:05:41 AM
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I actually don't drink often. I usually just drink once or twice a week, consuming 3 or 4 small bottles each time. A cold San Miguel Pale Pilsen is a perfect company when you're into some introspection or whatever. Of course, I don't count those times when I'm with friends. With them, I usually drink more and with a stronger drink.
Dude, you still drink more often when you compare yourself to me although I would debate on it because when I drink, 5 to 6 bottles with other hard drinks include but it's an occasional thing I do so... I don't like drinking alone though, I feel like alcohol is better enjoyed with a company so I haven't done it yet.
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I'm curious, just what is Bitcoin to you? If you love your drink and you're happy having it every once in a while, why would you avoid it for the rest of your life just to attempt having 1BTC? What's 1BTC, anyway? Why would you let go of those beautiful moments drinking your cold beer in the beach, for example, or at your rooftop during sunset, or when there's an occasion?
Bitcoin to me is just a means of investment, that's it. For context, a lot of my relatives died of liver diseases so let me tell you this, if for real I was given a chance to get my hands to 1 bitcoin in exchange for not touching a bottle of alcohol again, I would take it no matter what, you can still have fun with your friends even without alcohol, that shit is just a marketing ploy made by those alcohol conglomerates to sell more beers, gins, tequilas and whiskeys. Just like you can still have fun in a club without powdering your nose with nose candy(cocaine). After all, it's the people that you choose to hang out with that's important right?
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This isn't entirely different with so many people being too hard on themselves, trying to avoid watching a movie, drinking with friends, going to a vacation, use their work leave, buying good food, and so on because they're saving for a house and lot, a car, farm for their old parents; in short, their future. What is life? Life is here and now. Your future may or may not come. Balance is the key.
Well, the way to live a life imho is that you do what you want to do surrounded by the people that you love, now you can't say that people who devote their life to work and never go out partying as someone that didn't live their life, maybe they don't like partying or being surrounded by many people, maybe they're introverted or they only have fun with their close friends who are away and they can't contact. Different strokes for different folks as the saying goes. Just because you don't live their lives doesn't mean that you can say that they're not living their best life.
642  Economy / Speculation / Re: BTC 100K FOR 2024 ! on: July 30, 2023, 01:36:15 AM
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Will the deadman's zone theory hold up this time or not?  The answer to that question is still to be seen...and I doubt that it is even an all or nothing bet... maybe it just slightly increases the odds that the price will pass through the zone without correcting?
I don't know much about this deadman's zone that you're talking about, it's my first hearing these but I assume that it's a plateau in the market that you're talking about or something like a price ceiling breaking idk. You pretty much answered your question regarding the theory ever holding up in your first statement. New ATH brings new deadman zones which means that the previous deadman zone is broken and that the next one won't be or there's really no deadman's zone, it's just a bunch of people believing that bitcoin will hit X price range but got disappointed because it didn't reach what they expected it to reach.

Of course, every single time that there is a price rise that gets close to or exceeds the prior ATH can be different.
643  Economy / Speculation / Re: The time has finally come...??? on: July 29, 2023, 02:48:51 PM
I don't make predictions myself, but based on the analysis of one guy, that I personally find somewhat trusted, we should be expecting a peak of at least $75k.
75k seems kind of low imo, didn't bitcoin already got to 70k back then? And the pattern of halving is that the price triples in value meaning that there's a possibility that bitcoin will again prove those that doubt the potential for a new ATH and those that are too conservative about their estimate peak. I don't want to be cocky with my own speculation but I believe that bitcoin will be crossing the 6-digit territory when the bullrun starts.

For bull runs we have seen Bitcoins follow a 4 year cycle pattern. And next year is the 4th year. So yes there is high chance that we will see new ATH price for Bitcoins. I don’t want to mention an exact number for the ATH price, as this time when Bitcoins will rise, it will stop at very high due to the high demand among people to acquire it. People have already seen the hype in 2020, so this time they won’t miss the opportunity and will continue buying. So this will lead to more scarcity of Bitcoins in the market, hence the price will go up double speed.
Don't be scared to voice out your opinion, the pattern will happen again, I am sure of that. I myself believe that the exact number would be around 3x the previous ATH. Plus you've mentioned already the circumstance where people are going to make sure that they won't miss out on the opportunity which translates imo to increase in demand for bitcoin and with more demand comes increase in prices.
644  Economy / Speculation / Re: BTC 100K FOR 2024 ! on: July 29, 2023, 12:41:29 PM
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If you remember about the last bullrun that ever happened to Bitcoin, of course speculation for a price of $100K is not excessive for Bitcoin. But when it is said for next year, I think Bitcoin still needs some significant improvement in this year so that next year Bitcoin will be at a much bigger price than now. Because if it's still in the $30K area, of course it will be very difficult for Bitcoin to reach $70K again when it enters the bullrun period next year, although it is still very possible for Bitcoin to happen.
What significant improvement are you talking about? People during the last bullrun didn't expect bitcoin to go much higher than 30k iirc, they were expecting it to go there or go a bit higher then plateau for a long time there but then they were surprised when it got to that price so you doubting the possibility that bitcoin will go higher than it's peak and that it has to do some big adjustment to break out of the 30k price range isn't the best mindset right now. I assure you that when that bullrun happens, I assure you that 70k will be an easy to break price ceiling for bitcoin.

Take my word with a grain of salt though, bitcoin can still surprise people by being stagnant when a lot is expecting it to pump so high. Maybe we will witness something new in this next halving, and that it's not going to be the same halving as the previous ones.
645  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining is friendly to the Environment says MIT on: July 29, 2023, 07:45:50 AM
So I guess now maybe we will be able to buy a Tesla with Bitcoin and Elon will once again add Bitcoin to its Tesla balance sheet again?
I don't think so, Elon is an erratic and unpredictable billionaire megalomaniac, there's a possibility that he won't bring it back unless he's got an ulterior motive to do so, didn't he allow bitcoin as payment for Tesla during the bull run and then a lot of people are happy because he created more hype in bitcoin back then? And then pulled off the payment option when the going got tough for the market?

You might not remember but he removed it because he said Bitcoin mining is not green and he would reverse his decision if it was. So maybe this article will change his mind.
I think people remember that, they just didn't care too much about it because being a dick rider for Elon isn't really a fun thing to be online. Right now, I don't think that he has come across this article, he's too busy posting memes about the rebranding of Twitter or other things someone like Elon do, this is probably the least thing that is on his mind right now.
646  Bitcoin / Bitcoin Discussion / Re: Community research: To drink or to buy coins? on: July 29, 2023, 06:38:30 AM
Other than water, I usually only drink beer. I also drink the ever-popular Coke, of course, but I drink beer a lot more often. Nothing fancy, just the smaller, cheaper, and less strong San Miguel Pale Pilsen. It comes with 5% alcohol only. It tastes great. I used to hate it, but as I age it seems it slowly becomes the best choice.

[image snipped]

I usually buys it at $1.27. So, with Bitcoin's price at $29,371.83, it means I have to give up 23,127 bottles. If I do it, I will die without drinking it ever again. That would be such a tragic life. If that's what it takes, to hell with Bitcoin!
I was about to do this but it seems you got to it first, my choice of poison is 500 ml Red Horse though which would make me give up 25,587 since it's around 68 PHP here and at the time that I calculated this, bitcoin's price is around 29,353 USD. When you look at this number, you always think back of the time that you've bought yourself or contributed to the money pool that you're mates created to buy more alcoholic beverages and make yourself regret doing that instead of investing those alcohol money even though it's a nonsensical thing to do.


I'm not as fond of the alcohol as @Darker45 is, so if I were given the same choice, I would probably choose to give up that 25k bottles of Red Horse to get my hands on 1 bitcoin. I wouldn't agree with non-alcohol life is a tragic life thouugh, maybe a bit unbearable but not a tragic one imo.

Edit: I added the image
647  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 29, 2023, 05:55:31 AM
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These politicians have got a lot to discuss and it's not just all about Bitcoin. There are too many issues that they need to address and I am okay with that. Anyway, I am not a voter but anyone is welcome on this community whether he's a politician with good intention or just for the sake of votes.
Sure, they do have a lot to discuss and that bitcoin legitimacy is just a small portion of what they need to address but the point of this thread is to talk about his support in bitcoin and I think it's a valid thing that it's the only thing that we discuss here.
648  Economy / Services / Re: [CFNP] Mixin Safe - Decentralized Bitcoin Custody Solutions | Review Campaign on: July 29, 2023, 03:00:53 AM

Bitcointalk Username: Latviand


Mixin Safe Review




Getting Started

The steps on how to set up is pretty straightforward to my taste which is nice because it makes sure that you're not getting lost in the process from the get go. My recommendation for this is to part is that they should create a link with video tutorial, makes the process easier for most people since they can see how the process works. I don't recommend using Mornin Key as your wallet as it doesn't have the same Scan the Gallery[1] for screenshotted QR code like Mixin Messenger[2], you will need two devices so it's a hassle for me and also, if you are a cheapskate like me, you can download Mornin Key's APK so you don't have to pay for their app in the Playstore.


Mixin Messenger

  • Mixin Messenger UI/UX
    The UI is overall not that bad in my opinion, I'm a fan of minimalistic styles of websites, the buttons are where you expect them to be, I'm still adjusting to the loss of burger menu style for options being replaced by my Mixin Messenger profile to access the settings. I like the triple password confirmation for the setup of the password, I am sure that I won't forget that 6-digit number anytime soon. I probably recommend having some sort of tutorial for navigating the Mixin Messenger, I think people are overestimating how smart people are sometimes.

  • Mixin Messenger Chat
    I don't see anything different with other messaging apps out there when it comes to the chat function, just like Telegram although the reminder that it has an end-to-end encryption is a nice touch but I wouldn't say that it's a game changing feature. I like the support bot of Team Mixin though, it helps that people follow your guidelines and what better way to do that than to have them see that message first.


  • Contact Page/Settings
    There should be like a tooltip in the QR Code of Receive Money, I don't see any USD or local currency in my Mixin Wallet so I don't know what I should send in it, money when it comes to crypto is a tad bit confusing for me, I don't like losing my funds if I can prevent it. Regarding adding contacts, I think you should group the Phone Contacts option with the other two, it's not that different from adding contacts in the Mixin Messenger. No problems with the settings, maybe moving the Mixin Messenger Desktop to the Scanner as an option.

 

  • Mixin wallet
    Pretty straightforward UI for a wallet, I like the adding of address and having a list of addresses that you've previously sent your funds. The only recommendation I have for this is adding more cryptocurrency options to choose from, I don't know if it's because it's beta test but there should be a slider as to how much you should be paying for your transaction fees, I am not paying for a 20 USD tx fee just to send 3 USD to my safe if you catch my drift.

 

Mixin Safe

Now we're getting to the juicy part. The safe creation is pretty smooth for me, the problem is Signing in to the Mixin Safe in my browser, for context, my phone was stolen a few weeks back, you need 2 devices to sign in to the Safe which in my opinion is a bit of a hassle since not everyone has 2 or more devices, also worth mentioning that the sign in is confusing because you don't log in where you scan your QR Code which I think is odd, shouldn't you be able to log in where you used your scanner, right?

  • Mixin Safe Browser UI/UX
    The UI of the website in my Google Chrome browser is unresponsive so I have to tick the Desktop Mode in the Google Chrome browser, it should be able to adjust to the size of the device (phone). You can't even add safe when the Desktop Mode isn't on because of how unresponsive the UI is.

           
With Desktop Site On                                                           With Desktop Site Off

  • Mixin safe deposit and withdrawal
    I deposited 0.0001 BTC to test it out, the tx fee is just too much at my first attempt to deposit so I have to wait it out another to see if the tx fee will go down and it did by a lot, from 20 USD worth of tx fee to a measly 7+ USD, I'll probably have the same recommendation as the other reviewers, and that we should be able to set how much tx fee we are going to pay especially if we don't mind how long it will take for the transaction to materialize. Transferring the bitcoin from your safe to a different address was a hassle for me but I guess that it's a security and I just refuse to believe it, maybe I was irritated by the GIF style QR code to display 3 QR codes for confirmation

   
First Time Depositing                 After Waiting for a Day             Withdrawing from Mixin Safe

My Final Verdict

Even though I had a hard time in some steps, everything went smoothly for me as I took it slow with each process. On a personal level, I wouldn't recommend it at all unless you are handling multiple funds from different people and they expect you to make sure that that money is safe in your hands but if not then it's a 50/50 since anyone can safekeep their bitcoin pretty well already. But if you're a business, I would recommend using this because of the safe feature, it's economically more viable for you to store here even with just their Personal tier in pricing and if you want, the Elite Level is the way to go. The multisig feature is a good thing too, probably even a government agency like the tax department, accounting and payroll unit might use this to prevent unwanted release of funds since signatures from different entity must approve the release of that said fund. Their UI is already on my good side although they have to address that issue of unresponsiveness. I would put Mixin Safe at 4.2/5


Reference
[1]­                                      [2]
 
This is my first time doing a review so hopefully I did it right and that I've covered all the bases needed.
649  Bitcoin / Bitcoin Discussion / Re: Bitcoin whale 'awakens' after 10 years. on: July 28, 2023, 05:29:08 PM
HODL those coins!
Nah, holding on for their only works when you have other means to make a living, never marry the bag, remember that when the price is skyrocketing, it will always correct itself and then go down and then many people end up regretting not selling at the peak price and then reinvest again and then continue hodling until the next ATH.Also, try to enjoy life a little, spend money to experience stuff that's otherwise would've been missed if you just invested all of your money on bitcoin waiting for something that takes a long time. Life isn't just about money, there's more to it than that.

I cringe a little bit when OP said something about the intentions of the whale unknown, we're not supposed to know that shit anyways, what they do with their bitcoins is none of our business, I'm pretty sure that they'll say it if they wanted us to know about it right? What's the point of bitcoin protecting your privacy when everyone in the community wants to know why you did this or did that?
650  Bitcoin / Bitcoin Discussion / Re: The beauty of Bitcoin is in use case. on: July 28, 2023, 03:26:15 PM
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Cant disagree with that but for the sake of adoption it would be best to have more options isnt it? Of course Im talking about top projects only like ethereum. Its not like bitcoin will be forever on the top, no one can assure that as the ball is round and it could lead to somewhere in the future. Who knows what tech or innovation some altcoin can totally overtake bitcoin in terms of every aspect it has to offer.
As I've said, most of them are coattail riders which means that they're going to be successful or will benefit from the ever growing success of bitcoin plus it's business integration so I believe that bitcoin is enough representative for crypto payments and it's always not just bitcoin when crypto is integrated anyways. Oh man, let me tell you regarding being on top, I don't think bitcoin's going to be dethroned ever, the supply that it have compared to other crypto out there is unparalleled at how low it is so I don't think anyone will get close plus the demand of bitcoin increases first before any other crypto because bitcoin is the poster boy/girl of digital currencies.

Tech wise, I don't think there's much any altcoin do to make them unique, bitcoin essentially covered the bases of what a digital money should be and anything additional is just to make it more complicated. A lot of altcoin will say they're different when they've just worded some tech mumbo jumbo in a different kind of way and used a synonym to that so-called "what's unique about X crypto".
651  Bitcoin / Bitcoin Discussion / Re: The beauty of Bitcoin is in use case. on: July 28, 2023, 01:19:54 PM
That's a no brainer for businesses to do, bitcoin's been here for about a decade now and it's kind of stupid of them to not include bitcoin in their business model, what I mean by that is when you integrate bitcoin to your business is:
  • It helps diversify your payment options, say for example there's two gas stations out there, one only accepts cash and the other accepts credit cards, who do you think will have more customers flocking in? Of course that would be the gas station that accepts credit cards for payments too. Plus, bitcoin integration in business attracts new customers which means a good thing for your business.
  • Integration also means that you're an inclusive business, not everyone has access to traditional financial systems out there although they do have the Internet which is splendid because they can use bitcoin as a way to pay your business, better PR for your business because you're not just inclusive for the sake of being called inclusive
  • When you integrate bitcoin in your business, you're doing your part in bitcoin/crypto education because believe it or not, a lot of people are still uninformed, not aware and misinformed about bitcoin, so another PR for your business.

Remember though, even if you think that it's all good for businesses to integrate bitcoin, some factors are needed to be considered like:
  • Bitcoin is always volatile and always will be, considering that you are running a business, you really can't risk yourself losing profit because the price of bitcoin suddenly dropped so you're most likely going to convert it quickly to prevent potential losses in profits
  • Bitcoin integration will definitely introduce you to more complexities in your taxation, it's different for each place/country so make sure that you are well-informed about the countries tax laws regarding bitcoin or cryptocurrency.
  • Security is a bit of thing to consider and a good thing for your business but I would put it here since it's business we're talking about,you will need to invest some money for security if you want to make sure your bitcoin's are secured and that the people paying with bitcoin is safe when you're doing transaction with them

It's not about bitcoin anymore but any altcoins that make progress too in the cryptocurrency and blockchain industry.
I wouldn't 100% agree with that, maybe about 50%... bitcoin's still the hot stuff of the market and no altcoin has yet ever been close to beating bitcoin when it comes to price so for now I would say that we should focus on bitcoin for now, most of the successful altcoins anyway are in a sense coattail riders. So when bitcoin becomes more successful, so will those altcoin be.
652  Economy / Speculation / Re: Should I buy now or I should still wait for the dip? on: July 28, 2023, 11:38:18 AM
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I agree with you, I am also a non-believer in technical analysis and it's all predictions and no one knows what will happen in the future.
Oh no, I'm a believer in technical analysis as you might believe me to be but I am not, I just said that when you're doing your own research and thorough analysis, it will still be the same but I forgot to add that those stuff helps you in some way, I mean if you are confident about your analysis then might as well jump the shark and bet on your prediction right?
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For me, there is no expert or analyst in the market, we are all the same when it comes to bitcoin price, and predictions can be right or wrong.
I wouldn't say that with an absolute certainty, becoming an expert in something doesn't mean that you're always right, you become an expert because of experience and if you are wrong then you can take that experience as a lesson so when that happens again, you know what might happen next or you know what to do next. Also, what should we call those people that are talking about the market and they know what they're talking about and we agree with what they talk? Aren't those people experts?
653  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 27, 2023, 11:46:54 AM
I remember there was also the candidate for the POTUS last election that has mentioned Bitcoin. So basically it was really a free exposure for Bitcoin. IIRC, that was Yang but we knew what was the result of that last election.

Anyway, a politician will always be a politician. They'll say, they like this and bought that here and there so that they can attract and get the thoughts of those people that are in that sector like those BTC folks that are qualified to vote next year.
I'm with you here on being skeptic but if there's an image for proof, I think we can give RFK Jr. some slack, but that doesn't mean he is a different kind of politician even if proven. And if I'm being honest, I am tired that we're okay as a community to just have the paltry exposure from second-rate candidates promoting bitcoin, I want the winning ones or even the one nominated by their party to talk about bitcoin, that's more exposure than this I am pretty sure.
654  Economy / Speculation / Re: Should I buy now or I should still wait for the dip? on: July 27, 2023, 09:01:24 AM
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I agree. The market is unpredictable so we really can't pin point if we already reach the bottom or the price might start to climb up already. We're just speculating so it would be better to engage yourself based on your own analysis and understanding.
Nah, I don't think that your own analysis and research, it's in your best interest to still tread lightly unless you are certain that you're going to hit the jackpot when you trade although it's a different story depending on how your trade timeframe, if you're in it for the short-term then tread lightly but if not, then by all means trust your analysis and research.
655  Economy / Speculation / Re: BTC 100K FOR 2024 ! on: July 27, 2023, 04:54:50 AM
If bitcoin follows the current market history then there's a possibility that we will see it increase threefold like what it did last bullrun so there's a possibility that bitcoin will go more than just a 100k but I could be wrong though, I don't know where you got your notion that 2024 is going to be the last bullrun because afaik there's still a lot of bitcoin yet to be mined.
656  Economy / Speculation / Re: Should I buy now or I should still wait for the dip? on: July 27, 2023, 03:56:21 AM
You are right, mate, the crypto market is usually and always dynamic, so there's no way one can tell what price is expected from now until the bull market, although some people are saying the price might likely drop below $27k, which I also don't doubt, but there's no guarantee for any price. For someone to win in a dynamic market movement, they need to just keep buying little by little, so that even when the price is high, they can just buy a small fraction, and any time the market has fallen to their desired price, they can spend any amount they want to buy with. Some investors don't even know the bottom when they see it. Some people will not buy Bitcoin even if the price falls to $28k today; they will change their minds and decide to wait for another price drop.
The people who say that that the price might drop at X USD and might go up at Y USD are all just predicting, even if they have an extensive research and thorough analysis, the market will always be unpredictable. Your advice of buying little by little in this kind of market seem kind of not a good idea to me, because I'm the kind of guy who wants to get in as much bitcoin at a certain price point with as much as I can afford. The people that don't want to buy even if the price continues to drop are the people that won't be satisfied and are indecisive when it comes to investing, they will never get in and always waiting for their right price.
657  Economy / Economics / Re: Japan reaffirm Web3 plans on: July 27, 2023, 01:17:20 AM
It definitely is weird considering Japan is catering more to their aging population, them taking a new generation step towards finances is really something. Maybe they plan to integrate their geriatric laws with their Web3 plans, nonetheless it's still a good thing that they finally make a drastic step in terms of cryptocurrency.
658  Economy / Gambling discussion / Re: Gambling Abuse ... on: July 25, 2023, 07:54:24 AM
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No, instead there are lots of abusers or gambling addicts who commit crimes.
As an example of money laundering in casinos and even worse, there are gambling addicts who are willing to commit criminal acts such as stealing, mugging and extortion just to be able to get some money so they can continue their gambling activities.
Even though it's not much, it's all the negative impact of those who can't control themselves when they are in the gambling industry.
I did a quick Google search and yeah, it seems I was misinformed or I was just not aware that gambling addicts are capable of committing crimes because in my hometown, most people that commit crimes like theft, robbery and other stuff to get money are mostly drug addicts, the statistics in my Google search is not to be taken fully though as I believe that a proper academic study should be the reference for this kind of stuff.

How is money laundering part of gambling abuse though? I get that it's a crime but I don't think that launderers want to spend their money on gambling.
659  Economy / Gambling discussion / Re: Gambling Abuse ... on: July 25, 2023, 03:20:11 AM
what do you think about this?
Isn't abuse and addiction the same thing? I tried to search for their difference but all I see is misinterpretation of what I'm looking for. I guess I will be basing my opinion on the substance abuse and substance addiction dichotomy, the same as OP.

Gambling abuse is when you're just starting down the path towards gambling addiction which I think is the stage where you're more likely to be helped through intervention as you are still aware that you have a problem.
Do you agree that gambling outside what gambling is meant for is abuse on gambling?
I agree, as I've said, abuse is the starting path for gambling addiction which means that if you're gambling not just for entertainment and you're doing it to get a fix, there's definitely a problem there since gambling abuse means that you're lying, neglecting responsibilities and spending excessive amount of time and money for your habit.
If you agree, what do you think should be done to gambling abusers if there was a way to catch them?
I firmly believe in reformation and rehabilitation so I think that an intervention should be done before any drastic measure is done, as I've said and believed in my first statement about gambling abuse, they're aware that they have a problem which means that an intervention might work.
Should they be arrested and prosecuted same way drug abusers are arrested and prosecuted if caught?
No I don't think so, most of the gambling abusers/addict aren't likely to commit crimes to get their gambling habit fix I don't know if it's true or if there's statistics for this but I'm inclined to believe that most gambling abusers/addicts are well-off in terms of finances unlike drug abusers that resort to crime to get their fix.
660  Bitcoin / Bitcoin Discussion / Re: How is the Exchange Rate of Bitcoin to USD and Other Currencies Determined? on: July 24, 2023, 02:21:39 PM
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Which currencies are "pegged" to their USD value? And what do you mean exactly?

[1] https://bisq.wiki/Bisq_Price_Indices
Philippine peso is one, what I mean by what I was talking about is that the value of PHP in BTC is the same exchange rate as PHP to USD, so like if 1 USD is 55 PHP then the equivalent of 1 USD in BTC is the same as 55 PHP.  Also thanks for the link, not gonna use it though since I don't understand the graphs, hope you can explain it.
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