I have seen a report today that in 2022 crypto payments showed an amazing rise. People are really accepting it and giving the value as they are giving to fiat payments.
Are you guys accepting crypto payments for your business?
As merchant, yes everyone should start accepting the payments in bitcoin form and it could really kept as alternative to fiat on every till/bill desk we pay. The reason behind this is, a shopper might not pay in the first visit however he may start thinking about second or after third visiting into the same shop and same bill desk. We can call it as visual marketing and also unconscious marketing because no one is actually telling a user to go for it. The bitcoin payment sign would be just sitting there and it will be visually getting recorded in visitors mind. This would be enough from the merchant side and slowly there shoppers could turn into bitcoin investors or payer for instance. Are you guys accepting crypto payments for your business?
Anyone that decides to start accepting cryptocurrency should not make the choice and decision under pressure and because other businesses or business owners have begun accepting crypto payment. Accepting crypto for business has many advantages and benefits that it can add to your business, but it may also not have any benefit to your business if it is not well suited for the kind of business that you operate. Before you choose to add cryptocurrency as a medium for payment in your business, first examine the kind of business that you operate. Exactly my point however, there is no limit for which type of business the bitcoin is suitable. I mean it's a money at the end of day. In fact bitcoin would be privacy run, low fee and high throughput sort of money which anyone would accept freely in an exchange to their business / service. The trend could kick start from the countries like USA, Canada, Europe and then followed by Russia. Considering the number of ATM;s that I studied yesterday, those country top the list and thus tell us there might be more craze than other countries for sure. Deifnitely they should go for merchant desk payments in the form of bitcoin and start the magic reaction. |
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What are the chances of anyone accidentally creating the same Bitcoin address?
In theory, that's possible. In practice, that's impossible. Take note that there are 2 160 valid bitcoin addresses (There are even more addresses if consider all types of bitcoin addresses). Is it remotely possible or there is some kind of checks before network, software, God or something would do a check first before approving the Bitcoin address.
No. Note that your bitcoin address in generated through some mathematical calculations from a random number and you don't need internet connection for that. Well very good question raised by OP (curious one) and nicely explained here as to what can happen. Good to know that we will tiny to no possibility of having same address getting generated. There are hundreds of examples that explain how it is not possible or highly unlikely to get messed up in this situation. I think if it happens it would start the chain reaction of chaos on a blockchain. Imagine spending bitcoins twice because it was initiated from the same sender address. Not sure whether two owners will get benefited if someone credits to that address (off course in parallel universe if the addresses are same!) But then, again I got impressed with the following example from one of the article associated with likelihood of hitting same person when you walk around FRANCE. Very nicely explained, everyone must read this to understand its not possible that we will have same address again. What does it match to?
Let’s try to evaluate the size of such a figure through an analogy. Imagine that you have a computer capable of generating 400,000 Bitcoin addresses per second, which already requires significant computing power.
Start the computer, and go for a walk. For example, complete the Tour of France (6397 km), walking at a normal pace of 4 km/h. Once you have finished your walk, say hello to a random person, and start your walk again. Once you have said hello to 66 million inhabitants, and completed the Tour de France each time, visit one of the 36,000 French municipalities.
Now repeat your tours of France, your greetings to each inhabitant, and when you have finished visiting all of the French municipalities, you will probably have generated a Bitcoin address collision with your computer.
The computer in question would then need 10 million billion of hard drives to store such a large amount of data. Unfortunately, here is the bad news: there is no guarantee that the address on which you generated a collision contains bitcoins: at present, only 10 million addresses have been used on the network.
The probability of generating a collision on an address containing bitcoins is therefore much lower, and it is highly likely that the Earth would have disappeared well before you finish your tours of France.
Conclusion: Don’t worry
All this is simply to say that one should not worry about the possibility that an address collision is generated by two different wallets. The creator of the Bitcoin network has devised a particularly well-adapted system, which, through decentralization, ensures that everyone has the opportunity to use the network without having to register the addresses of their wallets with anyone, and this without fear that two people will ever use the same address. Full read here. The article also explains numerical calculations behind the possibility of this event happening. How there is 99.999% of chance it wont happen at all. Just a quick 2 minutes read. What if my wallet generated an existing Bitcoin address? |
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There is mixed conclusion about this considering the numbers are not verified and there is no way whether Binance is actually having that much volume. One of the article that I read few months ago suggest that Binance is showing edited data which means they are not really showing what is happening inside their books. The trade volume could be manipulate thus leading to wrong impressions to every user of it. In similar way we are not able to be verify that rumour, we can safely say that binance dominance is not confirmed as well. Plus this should not be called as dominance but merely higher user base believing in binance for its service. Though centralised, the exchanger holds people’s money which they can’t just use or withdraw just like that. It seems we will have safer points always.
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NFT is on the verge of "off the trend" slowly however there is still craze about it all the time. When we say its going out of trend it's not entirely true for that portion of community who is engaged with them since first time or initial contact. However, for those who never understood the importance (if any) of the NFT's already by passed the vibe check for the same. In the recent case, same NFT verse got hit by stolen case and it was around $500,000 in NFT valuation. The theft case happened on the popular platform that is OpenSea and in everyone's surprise the user actually sued OpenSea itself for stolen NFT. What happens if NFT is stolen? Well in that case the NFT is blacklisted and it's value goes down to the zero. That's what the OpenSea protocol is there currently. There are many attacks that happened on OpenSea for example. Kevin Rose who is creator and collector of NFT's got his $1.1 million worth of NFT stolen in a phishing attack. When Rose tried to get the NFT's back in cooperation with OpenSea, they started arguing about it and they even blocked his account. This itself proves the point that OpenSea did a very wrong move against their user. On the other hand guy named Acres also lost his two of the NFT's and claimed that the losses are worth $ 500,000 thus he is eligible to sue marketplace for that much equivalent amount. Please read the 10 min article as an example of what centralized market looks like and how to avoid it in the long run. This article discuss what happened between OS and Users and their conversation. Amazing read for good experience about the NFT and how to avoid them. OpenSea has a security and fraud problem and if one account holder on the NFT marketplace is right, it is negligent in protecting its customers and guilty of extortion. As prominent NFT creator, collector and venture capitalist Kevin Rose would no doubt attest, theft in the NFT space is a serious problem. He lost a part of his personal collection valued at $1.1 million in a recent phishing attack, although that was nothing to do with OpenSea. Robert Acres, as we detail below, also fell victim to an NFT phishing attack. Not as high-profile a user of OpenSea as Rose, Acres had two NFTs stolen in a phishing attack. He alleges that far from promptly trying to help him retrieve his property and prevent resale by the thieves, as OpenSea is reported to have done with Rose, the leading NFT marketplace ended up locking Acres out of his account for three months. During that time Acres alleges he suffered large losses on the 58 NFTs in his account because he was unable to trade them. The two now blacklisted stolen NFTs can be seen listed on OpenSea, with a warning that the items cannot be bought or sold due to suspicious activity: https://opensea.io/assets/ethereum/0xd2f668a8461d6761115daf8aeb3cdf5f40c532c6/2299https://opensea.io/assets/ethereum/0x4db1f25d3d98600140dfc18deb7515be5bd293af/5297Acres’s stolen NFTs were sold by the thief for 0.5 and 0.7 WETH. However, Acres estimates his loss resulting from not being able to trade his remaining NFTs on OpenSea at as much as $500,000 and is suing the NFT marketplace – OpenSea is a trading name of Ozone Networks Inc – to make good those losses. He has hired the services of Traverse Legal, with managing partner and trial attorney specializing in blockchain and web3, Enrico Schaefer, heading up the team. OpenSea user says he was locked out of his account after complaining Acres alleges that when he complained about the slow response by OpenSea to the theft, it was then that the marketplace locked him out of his account. According to the timestamped support communications with OpenSea seen by Cryptonews, dated July 12th 2021, the day the theft took place, Acres informed OpenSea of the theft prior to the sale of the stolen NFTs on the marketplace. The transaction hash of the theft is shown on etherscan and timestamped at 01:38 PM UTC: https://etherscan.io/tx/0xa6bc538181d79b342cd69042eac74b9a64a1aeb99ed05d98d3f5c09a6f7bf59dThe sale took place one hour later at 02:38 PM UTC: https://etherscan.io/tx/0xd2327c65e66d0ac94282580f0a8d64d1cd155faa53d7613565d55c6ed9862b25The email reporting the theft to OpenSea support is timestamped at 02:11 PM UTC. The tx hashes show that there was half an hour between OpenSea being alerted to the theft and the subsequent sale on the marketplace. Admittedly it could be argued that the half-hour window didn’t give OpenSea much time to react, but if this was legacy finance, where automated surveillance systems are in operation, processes would be in place to quickly suspend suspect activity. But, given its lack of action to prevent the resale, it might be reasonable to conclude that OpenSea doesn’t appear to have had sufficiently robust systems in place to be able to respond to such alerts from users in a timely fashion. OpenSea’s initial response appears to be deliberately disingenuous In part, in its only public statement made on the matter to date, an OpenSea spokesperson, stated: “The theft in question took place outside of OpenSea and the items were sold before OpenSea became aware of the reported theft. Soon after we were notified and became aware, we disabled the items and the user’s account has since been unlocked.” The first clause of the first sentence is correct – it was a phishing attack that had nothing to do with OpenSea. But, if Mr Acres is correct, the rest of that snippet from the statement is wrong. OpenSea, as shown above, was informed of the theft before the sale took place. The second sentence is disingenuous to say the least as it could be taken to infer that the user’s account was unlocked soon after the two NFTs were disabled, which was not the case – Acres’s account was locked for three and half months. Indeed, it appears it was when Acres took issue with OpenSea’s failure to prevent the sale of the stolen NFTs, that his account was locked. In an email to Cryptonews.com, Acres writes: “Frustrated and believing OS bore some responsibility for what had occurred, I noted that OS should be liable for monetary damages. In response, OS locked my account without notice, request, or permission.” Acres goes on to state that “OS demanded that I swear under oath that my wallet has not been compromised (meaning OS would not be liable)”. According to Acres’s account, when he refused to comply with the alleged demands from OpenSea, he was locked out of his account. Acres further claims that OpenSea, as a result of the lock out, prevented him from trading his 58 NFTs on the OpenSea marketplace. OpenSea user claims the NFT marketplace “can seize your NFT assets” Acres writes in his email to Cryptonews.com: “OS represents that its users’ NFTs are not in the custody of OpenSea. Yet, most OpenSea members are unaware that OS can seize your NFT assets and preclude you from moving or trading your NFTs for days, weeks, months, or presumably forever, even if you did nothing wrong.” The OpenSea help center page, clearly states the opposite to be the case: “While we can prevent your items from being bought or sold using OpenSea's services, your items remain on the blockchain and are not in the custody of OpenSea.” OpenSea would not of course be able to prevent a user of the platform from trading their NFTs on a competing marketplace. That means it may not be the case that, strictly speaking, OpenSea “can seize your NFTs”, as Acres claims However, in practice, most of the liquidity available in the NFT market is to be found on OpenSea. Here we see writ large the limitations of crypto decentralization in practice as opposed to its theoretical intended outcomes. In a defense of the accusation he levels against OpenSea regarding the lock on his account, Acres told Cryptonews: “Once your wallet is 'locked' or 'blocked' all the items in your wallet are flagged as suspicious and thus no matter what wallet they are transferred to they will never be able to trade on OpenSea until they remove the flag against your account. “Currently, OpenSea commands over 60% of all NFT trading volume and back when this incident happened it was far greater. “The trading volume left being split by competitors means that you are not able to get the most competitive pricing and thus again builds into the financial losses being accrued by myself for a wallet lock that was placed on me against my will. “Most individuals that trade on any OS competitor marketplace often end up using OS as the resale market after they purchase on a competitor's marketplace. “So again, in this case, all my NFTs would carry this 'suspicious' tag when shown on [the] OS marketplace[;] the new buyer also cannot sell it and thus when they are doing their due diligence during the buying process they wouldn't purchase them as re-sale options would be limited.” How is that line of argument likely to play out in a court of law? OpenSea stands accused of attempted extortion We put the same question, regarding the complainant being free to trade his NFTs elsewhere, to Acres’s lead lawyer, Enrico Schaefer, managing partner at Traverse Legal. This was his response. “OpenSea acquired Mr. Acres' assets by assuming control of his account, which constitutes the tort of conversion [lawyer-speak for a form of theft]. This gives individuals who are the victims of theft the legal right to take legal action to recover their damages. “In essence, conversion provides one with the ability to file a lawsuit to obtain damages for the conversion over their property. Conversion occurs when a person, with the intention and without proper authorization, takes control of another person's property or funds, thereby limiting their ability to access it. “The control does not need to be exclusive. The lack of response from OpenSea and the attempted extortion to unlock the account must have been a surprise and a cause for concern, as it would be for anyone in a similar situation.” Why didn’t OpenSea respond in a timely fashion once alerted to the NFT theft? Furthermore, Traverse Legal on behalf of Acres claims that OpenSeas had three hours to act before the sale of the stolen NFTs took place on its platform. “If OpenSea had not waited over three hours to actively engage, the NFT could have been locked and potentially returned to his wallet,” writes Traverse Legal. In fact the lapse of time between being alerted to the theft and their subsequent sale was actually only half an hour, as we mentioned earlier, according to Cryptonews analysis. Nevertheless, after all of the well-documented issues on the site faced by its users, from insider-dealing to theft, OpenSea should surely by now have implemented systems and processes, automated and human, to immediately pause suspicious activity when it is flagged. Leaving the timings aside, surely OpenSea would be able to defend themselves on the basis that Acres would have been free to trade his 58 NFTs listed on OpenSea at another venue? “This matter is best directed to Robbie, who experienced the situation firsthand,” wrote Schaefer in an email to Cryptonews. He continued: “However, I have previously represented clients facing similar issues. The assertion that ‘a lesser platform with fewer buyers and sellers’ could have been used instead is not a valid excuse for OpenSea to shirk its responsibilities to its platform members. “OpenSea is the preferred platform for individuals seeking to maximize demand and pricing pressure in the market. Using a platform with a significantly lower sales volume would have resulted in a liquidation sale rather than substantive trading activity.” The three questions for OpenSea that remain unanswered What does OpenSea have to say about all this, beyond their initial statement shared with media outlets? We sent OpenSea the following questions: Why was Mr Acres locked out of his account against his will? Why was Mr Acres required to perjure himself, as is alleged, in order to get his account unlocked? Will Mr Acres receive compensation for losses allegedly incurred in the time that he was unable to access his account? A week later and we are still yet to hear back from OpenSea. It is surely the height of irony that a marketplace that trades products based on a technology whose use value is grounded in its ability to securely assign unique identities to digital and non-digital assets and other property, is not able to prevent the proliferation of fraudulent listings and the sale of said stolen assets. Does OpenSea put the amassing of trading fees revenue above the interests of its users? We gave Acres the final word. On telephone, in a conversation in which he agreed that the correct timing is half an hour as regards the report of the theft and the sale of the stolen property, he nevertheless insisted: “The major [of his complaint] part is the fact that they locked my account for three and a half months and asked me to perjure myself. “I completely understand that it is a phishing scam and that acting within 45 minutes to an hour of me being notified myself and then notifying OpenSea – and that half-an-hour stretch in terms of me notifying them that it has been stolen and hoping that they could take some sort of action – is pretty slim, I do completely adhere to that. “But everything that follows on from that transaction is negligence 101.”
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The billionaire Ray Dalio who is successful investor in the Uber, has recently been interviewed on a podcast and has mostly spoken negative about the bitcoin and it's investment. The guy has mind set where he advices to keep blockchain and crypto currencies as different roads because one of them is technology while the others are just medium to invest your money. Basically what he suggest is: crypto currencies as an asset can be replaced by any other means of asset, for example a newer form of asset and thus there is no guarantee for it's long lasting existence. According to him it would be better if all the crypto investors find another form of investment for secure future. One of the weirdest point he was making is: Crypto do not replicate anything and thus they are "ineffective store of wealth"This is not at all up to the point analysis and anyone would disagree about what this guy has said or trying to convince others. I have literally laughed about his analysis, because he is trying to segregate investment based on a technological advancement VS vehicles that run on it. I mean it is same thing as stating that you should not be investing into Dubai but you can invest in Oil which is getting dug out of their soil(!)  Ray Dalio During a recent appearance on William Green's "We Study Billionaires" podcast, hedge fund legend Ray Dalio expressed his thoughts on the hype surrounding cryptocurrencies, specifically Bitcoin.
The uber-succesful investor stated that he believes there is a distinction between blockchain technology and digital currencies. While the former is an excellent technology, the latter is not a good bet for investors, according to the billionaire. Dalio commented that digital currencies do not replicate anything, which makes them an ineffective store of wealth. He also pointed out that Bitcoin's total value is a fraction of Microsoft's stock. Hence, in Dalio's view, it is a preoccupation by people that is disproportionate to its true reality.
Dalio is convinced that in time, there will be better digital currencies, such as those that provide the equivalent of inflation and buying power. He noted that most currencies are debt instruments that offer poor returns relative to inflation, but a good digital currency is yet to be created.
The legendary investor acknowledged the technology behind cryptocurrencies, he believes that the hype surrounding them is disproportionate to their true value. As an experienced investor, he emphasizes the importance of looking for effective stores of wealth and being cautious when investing in digital currencies. The hedge fund manager also spoke about the current economic environment, saying that creating debt and money is becoming increasingly problematic.
He commented that people will need to look for alternative stores of wealth, and he believes that understanding the five key forces of the economy, including money and credit, can help investors navigate difficult situations. Billionaire Ray Dalio Destroys Crypto Hype |
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I'm having the same issues with betting section. Also, in the Lottery section I can see this -snip-
The problem seems to have been fixed, at least for me. I can see the betting options again and everything is displayed correctly for the lottery.  [..] Same here, I am having freebitcoin site open in the alongside tab all the time so that I can have maximum free rolls throughout the day. After reading this post, I just refreshed the page and also accessed different pages throughout freebitcoin site, everything seems to be working fine for me. Perhaps you should try clearing your browser cookies and give it a go one more time. Usually this is the solution support always talks about.
Anyways, saw the guy who had more than 10,500,000 tickets. How about this guy? I can't believe that someone could get that much number of tickets and still have the odds of winning on the number 3rd position. That's really crazy to see. Those users who won the position #1 and #2 with tickets 64 and 52 be like: Whats up dude, ever heard about luck?  I am just being funny here and not meaning to hurt anyone but I can't stop myself from seeing that combination man. Those guys really sleeping in calm today. Even those tickets seems to be earned from free rolls itself and they still won it. #3rd guy must have wagered all his wallet to get that number or he might have bought it (damn!). |
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This should be news which will put a smile on your face and it could take your hands right into your pockets to take out those fiat and invest into the bitcoin for long term holdings. Motely Fool which is Financial and Investment Advisory giant, has taken next level leap with the bitcoin investments. The company publicly shared the information that they are investing arounf 5 million USD into bitcoin out of their own balance sheet because their analysis suggest the Bitcoin to reach $500,000 in next 10-15 years. Obviously this is huge price for bitcoin but at the same time we do know that bitcoin has exceptional price hikes. If we consider the last decade then bitcoin turned from few cents to 60K + USD in a decades of time. Now I am not going to go in trading analysis here but this giant firm has so much confidence that they think it will be 10X investment asset soon. What do you think about such news which is way motivating for us to have some more time hodling our bitcoins?  Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will rise to $500,000. Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category, according to Similar Web, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it's an effective hedge against inflation and it has the potential to become a transactional asset.
The firm will be investing in Bitcoin through its 10X real-money portfolio as one of 40 assets that it predicts will provide a 1,000% return over the next 15 years. The firm has recommended the digital asset as a core holding to all its 10X members and has provided time for them to purchase BTC before The Motley Fool initiates its own purchase. It added that in the coming weeks the company "will also be separately buying $5 million in Bitcoin on our own balance sheet."
Due to the long-term commitment, the announcement explains that volatility is of little concern.
“While Bitcoin may very well continue to be volatile in the short term, we think it has 10x potential from today's levels over the long term as part of a diversified portfolio. We plan to hold this Bitcoin investment for many years.”
Should the company’s prediction prove true, it will see Bitcoin passing $500,000 within the next 15 years. The Motley Fool says it has a solid track record with its investments.
The Motley Fool has so far named 10 of the 40 investment picks for the 10X portfolio, with the others being cloud computing company Appian Corporation, Swiss biotech firm CRISPR Therapeutics, cybersecurity firm CrowdStrike, e-commerce platform Etsy, genetic testing platform Fulgent, insurer Lemondate, social media platform Pinterest, mobile gaming platform Skillz and video communication firm Zoom. It is worth noting that many of these stocks have already been recommended in the firm’s other, more basic investment services.
The advisory firm has been aware of cryptocurrencies for years now, with a 2017 analysis suggesting that Bitcoin’s biggest competitor was not Ethereum but Litecoin.
Fun fact: The second-most visited site users go to from The Motley Fool website is that of the Internal Revenue Service.
The headline has been updated. The $5M investment will be added to company's balance sheet rather than to the 10X portfolio. The dollar amount allocated to the portfolio has not been disclosed but Motley Fool said it will be a "core holding". Motley Fool adding Bitcoin to its ‘10X portfolio’ — Has a $500K price target |
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How about you, what are your thoughts regarding this one?
They can not overpower the current situation for various reasons. Let us do back analysis of the ChatGPT. They are based on the data which is available throughout the internet. There is no filtering program yet or if there is any then its not doing the job correctly yet. Let us understand what we are looking at here. Whenever you ask a question to the ChatGPT then it will give you ABC answer in the first attempt. If you are not convinced then it will give you another answer. This time it could be arranged in different way, it will have more or less paragraphs, it will have more or less information. It may trim some part in the second attempt and may add some extra likewise. The problem starts when you ask the ChatGPT same question 3rd time or more. It will only keep scrambling all your answers and keep producing almost similar response later. Now if the implications are done to critical pattern analysis like trading then imagine what it may do? It will have it's reliance on millions of failed trades to give some positive outputs. I don't know I do believe it's sort of "fresh" tech out of the blues. |
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There is one article I came across which states how Blockchain.com is playing with their money and buying unwanted assets within the company and on the other hand they are also selling off their company's assets slowly but not doing it officially! The plot is, company's official members are selling some sections of the blockchain.com to other cryptocurrency based companies. The company also lost around $270 million dollars in the stake selling by PolySign who was working on the infra sector of the blockchain. In the response of this Blockchain removed around 150 employees from the firm. Surprisingly this headcount was reduced to overcome the burden of loan repayments!! They had to remove more employees later and in total 28% of the company's workforce was gone. This was something evil that happened due to company's misconduct procedures of managing asset. Is blockchain.com is in wrong management right now? Do they need a leader who can take it to the next level? Between the months of December and January, officials of the company are said to have explored the possibility of selling sections of its business to other cryptocurrency companies, including Coinbase, according to publications that cite anonymous persons as their sources. In response to the reports, Blockchain.com issued the following statement: "No Blockchain.com firms are for sale." Blockchain.com is not a vendor of assets but rather a buyer of them.
However, from October 2022, the firm has been making efforts to raise more funding for its operations. This is being done even at a large discount to earlier values of the company's stock. According to a report by Bloomberg, at the time of the round, it was anticipated that the company would be valued at between $3 billion and $4 billion. The prospective round would assist Blockchain.com in navigating the weak market for cryptocurrencies more effectively.
The attempts to acquire funds are not denied by Blockchain.com, but the company rejects the assertions that assets are being sold. PolySign is a business that is working on infrastructure for financial institutions. Just recently, the firm's venture arm sold its 80% stake in the company.
Just a few short months after the company reduced its headcount by 150 in July 2022 in response to a loss of $270 million on loans made to the defunct hedge fund Three Arrows Capital, Blockchain.com terminated the employment of approximately 110 of its workers in January, representing 28% of the company's total workforce (3AC).
Blockchain.com claims that it has more than 37 million verified customers who use 86 million wallets and that it has a presence in 200 countries. Following the acquisition of fresh financing in March 2022, which was headed by the global venture capital firm Lightspeed Ventures and the investment management firm Baillie Gifford & Co, the company's value increased to $14 billion, up from $5.2 billion before.
Previous investment included a $300 million Series C round that took place in March 2021 and was headed by DST Global Partners, Lightspeed Venture Partners, and VY Capital, as well as $120 million from a broad variety of venture capital organizations. Blockchain.com is refute rumors that they are selling assets |
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We are currently in the economy where lot of pulls and push factors affecting it. Whether it is pandemic, war, inflation, political factors OR misled economy, it always thrive with the time after a shockwave. I was just researching about whether the growth of Bitcoin-ATM's has declined over the time due to above factors or not? Like, there could have been possibility that due to above mentioned facts Bitcoin ATM owners could have gone out of businesses, rents could have been over burden, increased inflation might have stopped people from using the bitcoin and much more. Even a thought came in that whether to bitcoin crash, does people stop using bitcoin ATM's? & thus eventually does it reduce in the number? However, it seems Bitcoin-ATM's are consistently growing around the world and keeping the steep graph of new installations. There is stagnancy seen but overall it is going on all the time. Q. How many Bitcoin ATM's are being installed per day ?Interestingly its around 13.6 ATM per day average. Coinatmradar uses 60 days methodology in which they would check the data over two months and take the 7 day factor to calculate speed. They have nice speedometer for this purpose and is shown in the below diagram  Image Source Click HereQ. How many Bitcoin ATM's currently installed & how's the growth?The data that is captured on the website suggests around 38,160 ATM's are availale at the time of writing this post. This is huge leap considering we had 6 ATM's on October 01st, 2013. We can safely state that over the period of time Bitcoin has really made nice progress in terms of it's physical out reach. Despite the fact that we were in the middle of Pandemic, the growth of Bitcoin ATM became 2.5X in just one year from 2021 to 2022. That was realy enormous growth. Checkout the grpah below for this.  Image Source Click HereQ. Which manufacturer is taking the leap?It seems that this data is a bit inaccurate since over the time many ATM's have switched to another software as and when needed. However, coinatmradar have tired to keep the histogram as per the received data. Since August 01st 2021, BitAccess seems to be leading the market and outgrown all the old players. Though all the four manufacturers coexisted since very long time, now it is the era of BitAccess and currently has 11,000+ ATM's using their software.  Image Source Click HereQ. Bitcoin ATM's GEO distribution.This one is fun to see. North America alone contributes to 94.30% of Bitcoin ATM followed by rest of America. However, as whole America it contributes to 86.7% ATM against the World Ratio. Canada follows 2nd number lead with 6.7% of the ATM's and the runner up is European continent with 3.8%. This makes us think, though there are SEC, CBDC and FED's highly active in America and always restrict usage of bitcoins or at least try to be very strict about it, Bitcoin ATM's growing a lot with the time in America.  Image Source Click HereThere are so many other tools that we can use and keep track of these ATM's, fees, softwares, manufacturer and much more. Check out all the data here: CoinAtmRadar |
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This is alarming story of a woman (age: 70) who started dating a man over the internet, and sadly ended up giving away $200,000 in BTC. This is really not good news for the crypto world. Though we stay safe in our daily routine, if it was not for the Bitcoins then she would have fell for $200K in fiat itself because she was Scammed with Crypto Romance! Though she did everything for her love, it was sadly a scam and that's the kind of world we are living in right now. This story is from Nottingham, United Kingdom. The lady was pensioner and was dating this man via online dating site and eventually they both got involved to the point where man tricked her emotionally. He tricked her to send $200K so that he can end his contract with the current employer and he will come to her for life long togetherness. Though this story ended up in tragedy of scam, Police were able to recover around $135,000 for her and she was at least back in a life with her savings. The real question is, isnt this is sad to see how people are scamming each other around the world with fallen levels of kindness? A British pensioner living in Nottinghamshire parted with $207,000 after becoming a victim of a bitcoin romance scam.
The police managed to restore some of the stolen funds and warned people to be extra vigilant with online dating due to the rise of similar frauds.
The Latest BTC Romance Scheme
The Nottinghamshire police said a woman in her 70s transferred over $200,000 to a suspicious bitcoin address belonging to an individual she was dating online. The person in question orchestrated the scheme from Nigeria, and his only goal was to steal funds from the pensioner.
The woman, whose name was not identified, started chatting with the scammer in May 2020, who introduced himself as a US Army surgeon. Their communication in the following months progressed to a relationship and switched to Google Handouts.
At one point, the wrongdoer told the woman he was in love with her and needed money to end his contract and be with her. He insisted that the only way to receive funds was if the lady transferred some to a particular bitcoin wallet, promising to pay her back in time.
She withdrew cash from her bank account and deposited the notes in BTC ATMs across Nottingham. However, the lady soon realized she had sent over $200,000 of her savings to a fraudster and not a noble surgeon who wanted to be with her.
After opening a case, the local police partnered with her bank and managed to refund her nearly $135,000. Still, she felt devastated and warned others to be extra cautious when Web dating.
Police and Crime Commissioner – Caroline Henry – highlighted the authorities’ efforts that helped the woman restore some of her drained assets. She also urged people to contact law enforcement agencies as soon as they have any doubts about such scams:
“We would also urge anyone going through a similar scenario to contact the police. Don’t be embarrassed to tell us what you are going through. We can help and support you if you are going through a rough time.”
The police further said people should not stop using dating sites but follow some essential rules, such as never accepting friend requests from individuals they don’t know. Revealing too many personal details or sending money to someone they have only met online are also to be avoided.
The Similar Case of a British Man
An anonymous UK resident parted with a significant amount of funds after a woman he was messaging on a dating website conned him. His mysterious lover, called Jia, displayed herself as a successful cryptocurrency investor with “inside knowledge” and told him to invest in bitcoin via a dubious application.
The man ended up allocating $200,000 when he saw his balance “had been cleared.” He asked Jia for an explanation, but she was reluctant to help, saying she had to fly to Australia and spend time with her sick aunt.
The desperate person realized he had become a victim of a cryptocurrency scam and admitted that if it was not for his mother, he might have committed suicide. How This Woman Lost Over $200K in a Crypto Romance Scam |
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Yes, I am not doing it at all intensely and avoiding all the fuzz about it  I am keeping it way simple and not putting burden on myself as to what amount of profits I want to earn or whether I just want to continue holding my portfolio for better returns. Anyways this would come under holding your assets and never looking back until few years or something. I am coping in safest way considering the I am not really selling my assets for low margins or no margins at all. |
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I dont know when is the situation to find such high transaction fees? I keep seeing these posts all the time regarding very high fees. Well, if you think you are having higher fees then check your wallet settings which might be set to "priority" transaction. That will always eat up lot of fees per byte as compared to the Normal fees or even Low fees option. I am not sure which wallet you are using but for me electrum and Mycelium has been lord blessings! Specifically Mycelium is good with easy to use UI and fee setter. Most of the times I am sending transactions which are above 20-50 bucks and setting my transaction speed to "Economy", This gives me fee of around 10-50 cents. I think it's really cheap considering you are sending it with various benefits (anonymous, no paper work, decentralized). The blockchain transaction fees are paid by the payer though, not necessarily the business.
Also — yes, fees can be quite high at times, but this is why smart people are testing out solutions for people to be able to transact in a cheaper manner. (e.g. sidechains, layer-2s, etc)
...and obviously this is true as well because in my experience its me who always pay the fees and there is no such option to set the fees on the account of receiver. Definitely you need to either change your wallet and obviously stop using exchangers directly. They will eat up more than 0.25% in fees both maker and taker. If you are transacting out of the exchanger then consider it another charge. |
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Binance might be drunk like hell that day. Lolz.
Why would they go and announce it publicly? It could have caused big chaos amongst the users and thus a dump could have initiated due to their deed. Seriously what sort of or unskilled people might be hired in the management team that led to such breakdown.
Isn’t this should be untouchable fund that they were fishing on and could be sued for that?
I think this problem persist for the hardcore traders only since they need to keep the trading fund available on an exchanger all the time. For example, I almost keep zero funds on an exchanger. If I ever see an opportunity of selling my portfolio then only I would go and sell it. May be that’s the best way to stay in the crypto world now. Keep it in your custody.
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Will the cars be more efficient and at a good price compared to current prices, or is it a policy that may take decades? Obviously they will be far cheaper than the current market price. If they have planned legal action on the gas based cars then those companies will simply switch to manufacture the cars which are electric based. Thus it will flood the whole market with EV’s having good supply of them and lowering the prices eventually. There will be competition between the companies to manufacture the classic yet affordable cars which will be by far at good prices. However, the main question is whether EU’s vision will be followed by all the planet? I highly doubt because vehicle market is one of the biggest one and the oil/gasoline market is even bigger than that. Governments receive big load of taxations from the gasoline sell and car sells as well. Road taxes, service industry, car wash, water under control, authorities with testing labs and what not. They will get paid form every sector that concentrates on vehicle business. With EV there are already half of the stuff that will go off the market including trillion dollar oil business. EV will increase the demand of electricity and in turn it will increase the production by all means or increase the electricity costs everywhere. For this reason it’s thinkable whether this Change is really possible within next decade ?? |
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Thoughts? Mate this is more than good because we usually never see such news on the market. All the time we can hear, abc session happens and court concluded ban on this crypto stuff, ban on that person using crypto, FED ceasing the assets and what not?
Having this bill does nothing except avoiding exploitation of our privacy publicly which used to be done all the time. Once your keys are gone it follows catastrophic leaks of your coin as well.
So definitely this is just what we had blessed from Mr Satoshi in the first place only the difference is we have protection from the justice system as well.
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How to put this? May be the war rumors is actually a rumor to keep things tidy and neat for the years to come. Most of the USA's import is coming from China and most of the world's leading brands are relying on China for their virtually unlimited workforce. How cheap other countries can go when they have to finish the work? There are multi national companies which already have biggest conglomerates with the US base and China base together. They definitely have bigger commercial relationships rather than political one's. The war can broke out for any dumb reason and that's not the point here. But USA knows very well they have more than 50% reliance on the China's assets which includes raw materials as well.
I might be speaking in terms of commercial aspects here but let us not forget, world revolves around the money and money only trades when you have real stuff to sell.
Whenever brands like Tesla, Apple, Microsoft tried to move their giant manufacturing faculties elsewhere they were first slammed by various rules and regulations. However, china is country with only one goal and thats to produce and get those dollar funds in their treasury. The dominance is huge.
It's like both the ends are tieing the knot and no one wants to let go. War? Pretty sure its gonna take while.
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I can't wait for Bitcoin and other cryptocurrencies to become widely accepted globally because this will definitely solve the challenges people are facing in some countries like Nigeria right now. With digital currency no need to depend on banks again, which will go a long way to make life better for the masses out there.
Imagine what Nigerian people are currently going through over a new monetary policy. People can't get the money they put in banks, and the masses are passing through hell at the moment. I believe Bitcoin and cryptocurrencies are what we all need to make life better.
What is the wait here? Crypto currency is free stuff in terms of its usage. You can just grab and start exchanging it for the daily things. The challenge is not everyone in the Nigeria is willing to do it because they do not have enough infrastructure for that. That is the only restrictive factors for them. You need to have constant internet connection so that you can trade with bitcoin and have that peer to peer technology. Right now if this situation would have been in any other country with proper infra then there was high chance of bitcoin's adoption. In Nigeria banks are just demonetizing and trying to revise the way their currencies are exchanged in terms of "value". However, there is not much restrictions on how much you can spend using your internet banking. I am not sure where are those guys now, who used to post the pictures of bitcoin banks getting opened up in Nigeria for easy trading. They can really help out nigerians in this situation and make bitcoin adoption far more stronger. The picture was literally posted here on the forum few weeks ago, where it clearly mentioned about the physical presence, address, and what they are doing with the bitcoin. Trade, exchanges, with all available facility that is cash or digital money. They should really jump in! |
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I dont know if I am on the right track but I laughed very hard after reading the title of that news (referred below). I dont know why would he say that but article just comapres the whole stuff with Fed Interest rate hikes and how they are affecting the crypto market, however in reality it's just baseless assumption. How can he say and compare between the market cap of Tesla stocks and crypto market and state that it's easy to manipulate because both of them have mere difference of 350 billions dollars. He thinks, 1 trillion dollar is very small market cap for the crypto and it could be easily manipulated. However, his assumption is based on the volume alone and not the factual analysis. Isn't crypto is also a technological advancement that was invented very recently and also under stringent jurisdiction all over the world? It still makes up most of the market despite the fact that its being boxed up by governments. Another point he forgot to consider is, decentralization. How one can get to manipulate such market which is distributed through public ledger down to the pennies! Aside from Bitcoin, Ether, and a few other cryptocurrencies with a high trading volume, investing in crypto is "more risky" than buying penny stocks, according to Ronald AngSiy, COO of CEO.ca, who previously worked as a blockchain expert.
"Any individual can manipulate crypto prices today because of how small the market cap is," he observed. "Once you get to the smaller cryptocurrencies, that's where it's significantly more risky than a penny stock for investors."
He highlighted that Tesla stock has a market cap of $650 billion, while the entire crypto market only has a market cap of $1 trillion, making crypto "easy" to manipulate.
"If you look at the price of a Binance token, versus the price of a Tesla stock, you'll see how small the crypto market is," he suggested. "It's hard, in such a small market, to say how what's happening in the world will directly affect prices today."
AngSiy spoke with David Lin, Anchor and Producer at Kitco News.
Bearish Crypto Trends in 2023
AngSiy suggested that there is "more pain ahead for crypto investors" in 2023, as the Federal Reserve continues to hike interest rates.
"How that pain is manifested is hard to exactly say, because the crypto market is so small that you could have one or two front-end entities manipulate the price of whole crypto market," he said.
He observed that since Bitcoin came into being in 2008, the crypto market has only experienced a "low interest-rate world," with the Effective Fed Funds Rate (EFFR) never rising beyond 2.5 percent until 2022. Currently, the EFFR is around 4.5 percent, and Fed Chairman Jerome Powell has stated that further hikes are expected until the Fed reaches a terminal rate of around 5 percent in 2023.
"We've never seen it [crypto] in a high and growing interest-rate world, which is what is happening right now," he said. "When you look at low interest-rate environments, it's easier for investors to borrow money, and then to take that money and then allocate a portion of it to crypto… now you're seeing money being pulled back from risk assets [like crypto] and either allocated to safer assets, or you're seeing risk assets being margin called." Despite the fact that FED is continuously increasing interest rates I believe bitcoin had null effects during the new year season. In fact opposite of that happened and bitcoin went up pretty good and it's not even full fist quarter. What market he is talking about ? Interest on the bitcoin is not getting increased? |
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I think introducing crypto currency into any of our personal blogger page will be a welcome development, because we can tell our follower's more about crypto currency in the way that can understand more about the bitcoin investment platform where we have our owned group on different social media platform taking this to our blog can help reach people in the rural areas for them to know more about crypto space in the global world today
Bitcoin does not need any sort of advertising really. Bitcoin is already a famous word that is being searched around the globe. With the ever increasing YouTube Channels, Mass Media News, various Government inceptions into bitcoin use case, it is already getting publicized around the globe. Imagine the current situation when any country is producing their Budget for the Financial year, they will have considered the Bitcoin and how they can either use it by taxing it or may be even make it illegal tender for that particular nation. Either way crypto currencies as whole getting published naturally. It's like the thing of tomorrow which everyone wants to have and have their attention towards it. You are just mentioning about the blogs here but if you know what I have mentioned up here then bitcoin's publicity is at its peak. Nobody needs to force write about the blog. All the popular blog sites already have content associated with the bitcoin. Meanwhile, it's now next big thing to have news about the bitcoin and it's current moves in the NEWS articles. At least 2 out 5 articles would be about blockchain, crypto, or bitcoin targeted itself. With the merchants who are using bitcoin as payment method, they are having mouth to mouth publicity with their bill boards, for example "bitcoin accepted here". Definitely bitcoin is on right path when it comes to it's marketing. |
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