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Yes, it can.
I don't agree with lockdowns but the world has survived many epidemics. There weren't lockdowns back then but in many cases the economy practically came to a standstill.
The black death killed around 50% of the population of Europe (it is considered 30/60% depending on the author). It was devastating for the economy but the world didn't end. The same as for the Spanish flu. It killed about 10% of world population and that was on top of WWI. Do you know what happened afterwards? The roaring twenties.
The lower the low the higher the high. The problem is, during the lows many people suffer.
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I find it almost unbelievable that a pension fund would invest in bitcoin or any cryptocurrency, given how risky they are--unless it's a stablecoin, but holding one of those isn't going to make money for anyone.
If I recall it correctly the Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world's largest sovereign wealth fund and according to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings. https://cointelegraph.com/news/worlds-largest-sovereign-wealth-fund-indirectly-holds-almost-600-bitcoinWhen I read what The Pharmacist said I was thinking about that. Normally pension funds are conservative, because investors are in a diverse age range, and the fund cannot afford to have the net asset value fall by 50% overnight if it has 30% of its investors at near retirement age. A pension fund whose participants were all under 40 could afford such moves, but there are no such funds. So I think that if pension funds invest in Bitcoin, like the Norwegian fund, it's for pure diversification, having only a small share. |
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The rising number of institutional investors leads to Bitcoin getting hit harder during top events such as American elections. IIRC, 2016's elections have had an impact over Bitcoin and precious metals too, so has Brexit. It definitely does not decide or change its fate, but it does influence prices. The fact that Bitcoin always has the halving right before elections strengthens the influence even more imo.
This. It is naive to think that the price of bitcoin will not be affected by the election, using arguments based on our ideals. The price can be affected by any event of certain relevance, as it happens in the stock market. And in fact, until very recently bitcoin has been related to the S&P 500. |
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At the end of the day, I've been playing online poker during many years and I don't find interesting any of the proposals to play poker using crypto. I play at Pokerstars and I get good profits from it. I don't see myself getting the same or more profits playing in crypto sites. There won't be nearly as many players, software will be worse and so on.
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These people who come here and ask that question don't realize that the only thing they're going to get is being ignored or finding out that they've been banned in the past and therefore they get banned again, as happened with the last post I saw of that style.
Someone who asks that doesn't deserve merit. Period. The one who ends up getting merit, either doesn't care, or seeks for himself how to get it.
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We breached it as far as price is concerned. Regarding market cap, we breached it over a week ago. Graphs look good but I don't know what short-term impact the US elections can have. Anywat, I'm pretty confident that we are in the path to 20k and over.
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If you were to consider that the initial price equivalent in fiat was $0.0008 your mind would blow.
In many cases, those authors who write against bitcoin do so because they perceive it as a threat. In some other cases, they even do it to drive down the price and buy bitcoin on the sly.
Just educate yourself a lot on the subject and decide whether they are correct or not.
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I'm pretty sure that PayPal doesn't allow its users to send billions of dollars,
If someone tried to transfer that amount by Paypal or by a bank, the problem would not only be the commissions. With the international anti-money laundering laws in place, he would have to give an explanation of what he wants to transfer those funds for. With bitcoin, he can transfer them whenever he wants without giving explanations to anyone. |
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I am not connected so many hours as most people who have commented because I have a fairly busy life. I'd say at least 20 minutes a day. Less during the week, because I don't have that much time. But I guess as time goes by and gain more knowledge I will spend more hours.
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For me it is not so important when we get to a new ATH, but it seems that the halving begins to make its effect. Lately we have seen a decoupling between the bitcoin and the stock market. So, everything seems to point in the right direction. I don't know what effect lockdowns could have though. I march made the price fall and the same could happen again.
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I know that I can get more users if I add more variety of gambling games, but this is just the usual practice in poker room currently. If you check for example Pokerstars website (originally it was just a poker room), you can see that they opened a Sportsbook and Casino. And 90% of his promos are for this players and not for poker player. I want to recover the essence of online poker.
About the collusion. Well, I think the correct is "poker can bring collusion". Of course, anyone can create 5 wallets and play with the 5 in same table. But I can do exactly the same in any poker room I want. Just need 4 colleagues with a Pokerstars account (KyC verified) and a his mobile phones. Just download the pokerstars app, and play at the same table with the 5 accounts without wifi. 5 diferent persons, with 5 diferent mobile phones and IP's.
The idea is launch only windows/OSX/Linux wallet and not mobile apps. In our opinion, as I said, most powerful tool for collusion are the mobile apps. And of course, the typical rules anticollusion. It is more difficult to do with three computers than with three mobiles...
Best regards!
I did not say that you would get more variety of users if you put more variety of games. I talked about variety of currencies. But I suppose you would get more users anyway. What incentive do people have to play with a coin that, in principle, will be worth almost 0? On the other hand, pokerstars has a team dedicated to monitoring cases of collusion and, when in doubt, banning the user while investigating the case. The problem with anonymous users is that collusion is much easier. But I don't want to go on too long with this, because I see that in the last message you said that you could take some measures. This being said, I have to say that I would like your idea to succeed. A poker only room and with 0 rake, that would be great for me. If the coin had real value, like being in the top ten at coinmarketcap.com, it would be wonderful. But that's dreaming a lot I think. |
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-snip
The problem I see with your idea is that the vast majority of casinos (I don't know if all of them) offer you the possibility to play with a variety of coins of your choice. I believe that your idea could only succeed if the coin you create reaches a great value. So people would be interested in buying/mining it. But I don't think it will come to that just because it serves to play poker on that specific website. There are not that many people who play poker regularly. And those who do have many more options to play, probably with better software and more variety of currencies. Other than that, anonymity can bring collusion. I don't know how you plan to fight that. I wouldn't play in a poker room where people can collude. |
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I got one and it does look very convincing if you don't pay attention.
Indeed. I've just received two, identically the same. I don't know why they have sent me two. But I've checked to see what was happening and I've realized that the phishing ones come from support@ledger. cam while the one I got warning me of the phishing scam attempts came from noreply@ledger.com. |
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Grayscale published a report on bitcoin adoption. One table stood out in my opinion:  The only true division between bitcoiner or nocoiner is age. The future is ours! Read more on it and dowload it hereI don't find it so surprising. Male between 25-50 years old, employed, living in the city and with a tolerance for risk would be the most typical profile of a bitcoin investor. It is quite similar to the one who buys shares in the stock market or who does all the banking from his mobile. |
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This is only the consequence of what happened last July. The Ledger database was hacked and the hackers got 1 million emails. https://decrypt.co/37063/bitcoin-wallet-ledgers-database-hacked-for-1-million-emailsLedger warned us by email and since then, the amount of spam I receive has increased a lot. Phishing attempts are just one more step. Now they are not going to leave us alone. Good initiative, OP, there can always be someone who's off track, although I think most of us are aware. |
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The funny thing is that where most lottery is sold is in the poorest neighborhoods. I also put it in another thread. This is a lottery simulator: https://www.cuandomevaatocar.com/en/If you hit "start" you can see the ruin that is playing the lottery. It is clearly EV negative. The only good thing about it is that if you hit the jackpot, it can change your life. But this is so unlikely that it's almost impossible. Although I very occasionally play. Always when I am offered to play halfway between friends. Mostly because of the FOMO. |
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Some whales bought it over the counter, and hodl it into hardware wallets, So we wouldn't actually know how many whales are currently holding Bitcoins. This chart or data, may not be entirely accurate. But all of them are coming out in the wild, with all the uncertainty happening with the financial system and massive quantitative easing. Of course some millionaire's will want to protect their wealths.
I was thinking about that. If someone is using a hardware wallet and getting bitcoin from different addresses, wouldn't it appear as would not appear in that statistic as having a lower amount, but divided into different addresses? I mean, someone buys 100 bitcoin and gets them into a hard wallet address. Then he creates another addres and buys 200. He does the same and buys 150 and so on. He would have over 1000 bitcoin but it wouldn't appear in that list as a whale. Is this correct? |
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application should be accepted.
Are you on some heavy drugs?  Did you even read what OP posted? It is pretty clear to me that he is talking to suchmoon. He means that suchmoon's (un)application should be accepted. If you had quoted the word "your", you would have seen it more clearly: I agree that your application should be accepted.
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I don't see the point either.
The other day I was talking to some nurses and they told me that this kind of quick test is unreliable. I guess a lot of people will end up paying to have them done, simply because of the fear and hysteria that has been created.
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Yeah, well. When one says "might" it means "it might" or "it mightn't", but we are in the speculation section so it's OK.
OP is correct in pointing out that we should worry more about the intrinsic properties of bitcoin and not so much about the price. But that doesn't sell. The news sell emotions, and those are better spiked by saying that bitcoin "might" reach $100K in less that a year than by talking about technicalities.
I think this thread is going to be bumped many times once we reach a new ATH.
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