Although people mostly pay attention only to the price (which is logical because they are only interested in profit), China was a much bigger problem not only because of price manipulation, but also because there were those in the West (especially in the US) who thought that China has too much influence on mining, and that there is a lot of environmental pollution because they mainly use coal.

If none of these factors are present anymore, I think the overall picture that Bitcoin is controlled by China and its dirty industry will start to change. And as for censorship in China, I think they have brought it to the highest possible level, although any intelligent individual may try to be smarter than the system, but most are still afraid to oppose the government.

Unfortunately, the mainstream media around the world mostly write about how the people of El Salvador rebelled against Bitcoin, but it is very easy to conclude that this whole protest is completely politicized by the opposition political parties and their foreign masters. They thus want to collect political points, and use human ignorance and difficult life situation to manipulate them.

This is nothing new in the world of politics, only now the focus is on Bitcoin, which they are trying to present as something that will destroy the country and the people, and it all comes down to the personal choice of each individual.

The quality of a post is often a subjective thing, because not all people have the same criteria, and I think that is completely normal. Some things can be explained very well in 2 or 3 sentences, some other things require a lot more effort and time and we cannot generalize that a good post is one that has 3 sentences or 30 sentences. A wall of text never means quality if it doesn't make sense, and most users won't even bother to read such posts - but if someone is really good at presenting quality information, I'll always be happy to read his post and reward him with merit.

The reason why some users reward posts that are not one or two sentences may be that in addition to quality, they want to reward someone's effort and time required to create such a post. Of course, this does not mean that there are no quality posts that are short and do not deserve merit - each forum user is an individual who should make decisions based on their own thinking, we are not a collective consciousness.

Any member who contributes to the forum and is active on a daily basis is a good choice for a merit source - especially if it is active on multiple boards as is the case with @Charles-Tim. A little more statistics from BPIP

I'm going to need a new Norton 360 license soon, but I haven't noticed that you have it on offer - this is just a question about whether you can get such a license at all?

https://us.norton.com/360

Thank you for this very important information that sheds a completely different light on this whole situation, because it seems that those who are against Bitcoin used the national holiday to send the world a completely wrong picture. In a country of 6.5 million people, how many are actually protesting against Bitcoins - a few hundred or a few thousand?

I wonder if people also protested when El Salvador left its national currency 20 years ago and replaced it with the US dollar? Regardless of our attitudes when it comes to Bitcoin, every country is economically strong as much as its currency and domestic banks are stable - when you lose that you become just a monetary slave exploited by the IMF, the World Bank, and similar institutions that blackmail you into doing what they want in exchange for financial aid.

If by any chance you read post number 3 then you would understand that the date stated by OP (September 14) does not matter - it is September 24. 2021. which is mentioned in the news as the deadline for all crypto exchanges in South Korea to register their business according to all currently applicable laws and rules. From my perspective, this should not be bad news - because it is not about any ban on trading and the like, but only about bringing order to the crypto market.

These are online crypto exchanges, not physical stores or shops as you classify them, so it doesn't matter if there are 60 or 20 of them, because everyone online has access to each of them. The government protects users in this case, because there can be no such mess in such a sensitive business as cryptocurrencies - should every kid with a little more computer knowledge should be allowed to start a crypto exchange?

The number doesn't matter at all, it's important that such platforms are secure and that they can meet the highest standards in their business - all those who can't meet the conditions will be closed, and I don't see any problem with that.

It seems that the Chinese have softened up a lot when things like this happen to them. I was somehow convinced that CP still keeps things under control and does not tolerate such incompetence, because how else to call such company management. Perhaps @Hydrogen is right when he says that capable people are being replaced by suitable political governance structures, which generally destroy everything they are involved in. This is not necessarily a problem of China alone, because the world is undoubtedly ruled by politically eligible people, not those with expertise and competencies.

If we remember George W. Bush who practically destroyed everything he touched in his life, and became the president of the most powerful country in the world, then it is clear to us how the world works - the last name is important, and which political party you belong to - everything else is irrelevant.

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I would not speculate as to why they did it, but it is only important that they did it, and in fact did us a great service, because someone wanted to admit it or not, China has always been a hidden danger for Bitcoin - communist methods and human freedoms never could function together.

I know we have already discussed this in some other topics, but I was really interested in how much hydroelectricity is represented in total world production - and the data says that in 2015 that percentage was 16.6%, but with a note that growth of 3.1% is expected each year in over the next 25 years, bringing us to the current 35.2% of total world energy production according to that formula.

As you say, it is even better in all this that small hydropower plants benefit, and that means even greater decentralization because crypto mining is moving to countries where it used to be completely unprofitable. I know there are enthusiasts who mine everywhere in the EU, but if someone asked me if it was possible to profit from BTC mining in Italy, I would certainly tell him that there is no chance of that.


You're welcome, it's a shame that the mods in the Mining board don't like your topic

A really impressive business venture that I'm hearing about for the first time, even though I'm in the immediate vicinity - but in a country where crypto news (especially positive ones) doesn't interest the media. I don't consider Italy a small country, far from it - so I just imagine how much untapped potential there really is in some other much larger countries with maybe a lot more hydro resources that could give Bitcoin exactly what many find to be a flaw - and that's one green footprint and minimal impact on the environment, which if we are to be honest and now quite negligible. The great news is that this is about to happen, Russia and Chile seem very promising to begin with.

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@fillippone, purely out of curiosity, I clicked on the link you posted on the profile to Francesca Failoni, but the link does not lead to the profile but opens the main forum page (I found the profile using BPIP).

As far as I can see, this is a matter for China and their banks, and I really doubt that the whole company will collapse just like that, and that the Chinese authorities will not do anything. There is speculation that the company rejects, but if it cannot remain operational and repay the debts - I do not see what is the other logical option.


The company offers debt repayment over a multi-year period, but it is speculated that it could go bankrupt by the end of this year - unfortunately, as always in such situations, the highest price is paid by small investors. Yet this situation hasn’t arisen recently, so I’m a little surprised that the Chinese authorities have allowed (and I don’t believe they didn’t know what was going on) the whole thing to escalate to this point.

The good thing about Bitcoin is that the Chinese have practically banned it (trading&mining), so I don't believe that bad news from China can be used for a new FUD.

You are not a beginner to ask a question like this, so if someone put something in the quote it will certainly not be considered plagiarism, as far as I know it never was. I also agree that it would be better to cite the source, but even without that, the intention is seen that the user did not want to present that part of the text as something that is his work.

Here is an example that I reported as plagiarism, and which stood unhandled for as long as 8 days, until I posted it publicly, and the user subsequently edited the post. If it wasn't plagiarism (and obviously global mods/admins think so), then what you have doubts about has nothing to do with plagiarism (by forum standards).

I think in the direction that something has changed though when it comes to the completion of one cycle that we associate with halving when we look back over a period of one year. If we consider that the bull run actually started sometime in August 2020 when the news came that MicroStrategy had invested $250 million in BTC, followed by PayPal, Tesla, and others - then we must not ignore that fact, they are here in the long run, and will not just retreat and cause what happened at the end of 2017.

I want to say that the position that Bitcoin has is far stronger than it was in the past by the fact that some very powerful people and companies hold hundreds of thousands of BTC in their possession and according to what they say publicly, they have no intention of selling them. I also hope that people have learned some lessons from the past, and that they understand what it means to invest in Bitcoin in the long run.

I can only say that I already feel inflation on my skin, I notice every day that prices are going up, and that new prices are being announced when it comes to gas, water, electricity, but also food. Of course, the pandemic and all the measures taken in this regard are the main cause, but the major climate changes that have caused reduced food production around the world should also be taken into account.

I agree with those who say that the governments of the most powerful countries did not have a choice about the measures they took, even though they know that this is not a good solution. I also think that the world is generally in a much worse situation than they want to admit, but panic is not in anyone's interest, so it is better that we all pretend that more or less everything is fine.

Bitcoin may be a good hedge against inflation, but one should never forget how volatile it is.

@abacusplatypus, if none of the above tips help, there is someone who is very likely to be able to help you, but that help is not free - the man has been in the business for a long time, and has an impeccable reputation.

Bitcoin Wallet Recovery Services

Why do you doubt something that is a clear factual situation? If one country has over 60 crypto exchanges, and some of them do not meet the criteria to operate in such a sensitive sector, is it not logical to remove such companies from the market? Unless you think all the hacking we're reading about (and it's about South Korea) is something we should consider normal?

Japan did something similar a few years ago, and it seems that the rules will be tightened even more - but it is for the good of all users, because we all want crypto exchanges to be as secure as possible.

I’m talking from personal experience where someone was very irresponsible and lost a significant amount of coins, and then I was the one who was most responsible for it - because I made someone deal with it at all - it’s that classic accusation “that you didn’t mention Bitcoin, I wouldn't lose money". I paid a loss out of my own pocket for someone not to blame me for something my whole life, but this is the last time I will allow myself something like that.

I will not exaggerate if I say that from my personal experience at least 90% of people are not ready to be their own bank, and anyway they are only interested in how to profit, preferably in a very short time.

It has always been strange to me, especially considering that these same people are willing to pay much higher amounts when it comes to other devices such as smartphones, laptops or, say, the increasingly popular electric scooters that cost an average of around EUR 300. Someone might say that the biggest problem is that there are free solutions (desktop&mobile wallets), and I agree that people won't invest even $50 if they can get something for free - but ignorance also plays a big role here, because they don't understand the basic differences and potential risks arising from free solutions.

I made a decision a long time ago, I will not help anyone to invest in crypto if that person does not understand some basic things before, and if they will keep their coins online or in a mobile/desktop wallet on devices they use every day for various activities. Then it's just a question of when something bad will happen, and then it's usually someone else's fault that it happened.

If I were to focus only on price, then I would personally say that I do not expect the price to go lower than what has repeatedly proved to be a strong point of resistance, and also the price at which it ended last year and started this year ($29 000). The upper limit is much harder to determine, because since the last halving we had a new ATH at about $65k (from $7000), which is almost x10 - and some speculate that this is actually the absolute maximum of this cycle.

Assuming this is not the case, it is not unrealistic to expect that by the end of the year we have another big bull run that could be 50% or 100% of the current price - which coincides with the desire of many to reach $100 000 by the end of this year.

All of this of course depends on a lot of things, because Bitcoin is not isolated in the market, we saw that when it crashed with everything else last year. The overall state of all markets, good or bad news, regulations, and policies, all have their impact on Bitcoin.