Unfortunately for stuff concerning Ethereum, you're probably better off asking in these communities instead: A huge chunk of us here are mostly bitcoin-only. |
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When bitcoin re-reached $20k for the second time in December, people were waiting for another drop in price before they get in. And what happened? Here we now at $48k. Are you going to keep on waiting for a crash and potentially miss up on the opportunity? Or just simply dollar-cost average like what people have been recommending for years now? https://dcabtc.com/ |
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How come there are multiple endings when the bitcoin dominance increases? I don't get how the dominance increases but the bitcoin is going down or the part where the dominance decreases but bitcoin increases and the altcoin parts are a little confusing, some part it decreases because bitcoin is increasing and sometimes it stabilizes.
When bitcoin dominance increases even when bitcoin's price is dropping, it simply means that altcoins are dropping harder. And it's the same with bitcoin dominance decreasing when bitcoin is rising but altcoins are rising higher. Probably visualize the numbers with bar charts in your head for a few minutes and you're probably going to get it. |
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Now in 2021, when bitcoin reaches $100k what do we call the party then?  Personally, I'm really not that excited for $100k per BTC; also taking note that it's really not that far off. On the other hand, you wanna know what's REALLY worth celebrating? $1 per sat. That's when I'm really going to party till my balls fall off. 🤣 |
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Freewallet works like an online web wallet where the team manages your keys for you, Ive tried to discuss this with the team but it seems like they don't want to give people the full freedom over their assets, this is why freewallet isn't doing well today, it's an old crypto wallet that might be great and successful today
While I don't like online wallets, I somewhat see a small usecase for them; pretty much for very small amounts of money and or for people who are incapable of securing their wallets for themselves(older demographic). What's weird is, why the heck would they require AML/KYC? It's totally unnecessary. |
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If you want to prioritize security over a bit of ease-of-use, just purchase a cheap hardware wallet such as the Ledger Nano S[1] or the Trezor One[2]. You can use their software to create multiple "accounts" as well, for each members of your family. Alternatively, If you don't want to use their official software, you can connect your Ledger/Trezor to reputable software wallets such as Electrum/Wasabi.
[1] https://shop.ledger.com/products/ledger-nano-s[2] https://shop.trezor.io/product/trezor-one-white |
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It's a kind of humiliation if the richest man on Earth tells your app sucks. It's somehow a publicity for them but that's a negative publicity although it's still free publicity for them.
Though the "all publicity is good publicity" might apply here, I'd like to take the optimistic stance and like to think that he has followers that are actual users of FreeWallet, and that they're now ex-users. It's just so bad that even though using an exchange as a wallet isn't a good idea, I'd prefer Coinbase 10x over FreeWallet. |
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If I robbed people I'd be a multibillionaire too
Except you're missing the part that no one is actually forced to use Coinbase. Don't like their exceptionally high fees? Simply don't use them and use a different exchange. But you ended up deciding to blindly use it despite the various information on the web concerning Coinbase's fees. |
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Factual errors aside, the bull market will end when the market wants to. The bitcoin market isn't going to be like "oh crap, it's been X months already, time to transform into a bear now!"
As per usual, in the end, where the markets will go will all end up going to depend on supply and demand, not with dates and time spans.
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The "servers cost money" argument is nonsense. This is exorbitant profit, and that's all. I run multiple servers, I know how much servers cost even at volume. This is not to pay for servers.
Yea sure. But there's a reason why Coinbase is a multi-billion company and you're not. They simply exist to make money, just like, you know, every single for-profit business ever in existence. It doesn't take much to immediately realize that they're obviously not a charity. |
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Everyone's nan knows that BTC is digital gold and a way to 'store value'.
I wouldn't go that far. Regardless of the bitcoin adoption from the first few public companies(MicroStrategy, Square, Tesla), a lot of ignorant people still think that bitcoin is a total scam or that it's only used by criminals or whatever old FUD they've heard on mainstream media. If most people were convinced that bitcoin was a good store of value, I'd assume we'd be a lot higher from the current price. |
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Seems to be a scam. They will charge me again 1.5% to convert to USDC.
Lesson learned. I've been robbed by Coinbase. Won't bother with Coinbase again once I get my money back.
There's a huge difference between an exchange taking massive fees, and a straight-off scam. It's not like Coinbase's fees were a secret or something, Coinbase taking high af fees has been known since forever. All you needed to do was to do a bit of research. |
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Your guess is just as good as ours, and only time will tell. There are simply so much questions that we don't have the answer to like: - Will people panic sell their bitcoin?
- Will people move to the "digital gold" to hedge their money which is bitcoin?
- Will people go the safe route and buy precious metals?
- Will people sell everything and buy precious resources like food and water instead?
that it's really impossible to make an accurate guess. |
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If you read the articles written about this topic, it's all theoretical stuff and there's zero proof whatsoever. These "news websites" are just taking advantage of some people's ignorance because some people have been sharing these articles saying that Apple is actually going to buy bitcoin(even if there's zero proof).
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Kudos to you for manually testing it out.
With that said, in the end of the day, Abra is still mainly an exchange and should only be used as such. If I remember correctly I had zero problems with Abra when I used it in like 2017-2020, and the CEO is quite public and reputable in the space so it gave me confidence in the past. Their "wallet" back end sure is weird though.
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Okay what bout Crypto.com De-Fi wallet I see on their site, any good?
Based on the Crypto.com DeFi Wallet page[1], I'm pretty sure it's just a typical non-custodial wallet. No passive income whatsoever besides the potential long-term value increase of your assets.
[1] https://crypto.com/en/defi/wallet/ |
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I have to admit to not knowing who Michael Saylor was before all this but he really is promoting bitcoin for us (and himself, let’s face it).
He’s shoving bitcoin down everybody's throats on Twitter & I absolutely love it.
He pretty much started this public-companies-buying-bitcoin trend we’ve been seeing lately(outside of Grayscale) so props to them for that. And yea, even though some of his Bitcoin tweets are cringe, he’s definitely giving Bitcoin a huge boost in publicity. He’s been on CNBC a good number of times too. |
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but sometimes a thought crosses my mind that will these conditions last longer and better in the future?
It really depends. What do you actually have in mind? What risk factors actually makes you at the very least slightly doubt Bitcoin's future? You need to give us more info so we can actually have a starting point for this topic. |
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