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721  Economy / Economics / Re: COVID is dead, "long live the new COVID". World economy get ready? on: December 07, 2023, 04:49:50 AM
Let us hope that this is not the case and that it does not end up becoming a new COVID, a new epidemic that affects the whole world and we go back to the restrictions and all the measures that were in place.

- An "undiagnosed respiratory disease" that causes pneumonia in children is spreading widely in China.
...
According to Chinese non-state media, pediatric hospitals in some parts of the country are overflowing with sick children.
Chinese authorities attribute the spike in flu cases this season to the lifting of anti-vaccine measures.

Hopefully, if this is the cause, normal vaccination will be resumed and cases will be reduced.
722  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon said he would close Bitcoin down if he was in government on: December 07, 2023, 04:40:00 AM
It has not occurred to him to say that if he were in charge he would have the Bitcoin CEO arrested as well? He could add this one too.

Jamie Dimon and JP Morgan have ridiculous history against Bitcoin.

And they insist on continuing to make fools of themselves, we should not pay too much attention to this nonsense from the forum, rather than for entertainment purposes.

I don't think he is serious and have no idea on what he is about to do. I think it is just a media hullabaloo to woo in his supporters especially those who he knows have sentimental bias over the abdoption of Bitcoin over there.

I think you are right on this.
723  Other / Meta / Re: Letter to Theymos: Provide medium for the forum in the face of the mixer ban on: December 07, 2023, 04:32:08 AM
Wonderful thread this, I laughed a lot. You have to see what you can see lately in Meta.

First we have our friend BenCodie who takes advantage of the mixers ban to push his much loved Cybersecurity and Privacy board, which seems reasonable to me, and more considering the positive votes it has had in the forum, but it seems to me that the promotion of this topic is not purely disinterested but has quite a lot to do with this:

[Consultations available] Personalized Cybersecurity & Privacy Report for $42

Then we have our dumb friend Shenanigan saying a stupidity of his own and making a fool of himself, which leads to the first 14 comments of the thread having nothing to do with what the OP is saying.

To top it off we have a staff member who acknowledges the following:

Instead of offtopic and trolling, better do some forum research if you're so interested.

But who does not take action on this, such as deleting the ridiculous off topic garbage replies from Shenanigan on the subject.

Of the rest of the comments, only nutildah has an on topic reply, with which I agree.

According to the above, my conclusion is the following: hey BenCodie, please change the thread title to something like: "Discussion, LoyceV powers on the forum." so at least this thread in Meta will look like an on topic one, although what will be weird is the OP, I recommend you also to edit it to match the main discussion of the thread.


724  Bitcoin / Bitcoin Discussion / Re: Looking to sell a computer to raise money to invest in Bitcoin. on: December 07, 2023, 04:14:29 AM
I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

Without having more data, it doesn't seem like a good idea to me that at 19 years old you are obsessing so much about it. That $100 that your father gives you should be spent on hanging out with friends and your girlfriend, which it looks like you don't have, and if you don't have a girlfriend, at least try to pick one up.

If you don't spend anything, and the little you have you want to sell it to invest in Bitcoin, it looks like you spend the day at home, and that doesn't seem to me a good plan at all with 19 years old.

It's not bad if you dedicate a small part of what they give you to invest in the future but at that age the biggest ROI will be in studying something usable in the marketplace. When you have a good job you will be able to invest regularly.
725  Bitcoin / Bitcoin Discussion / Re: Bitcoin and me, how I discovered the greatest human invention after the internet on: December 07, 2023, 03:58:56 AM
The idea was just to tell a story about it, if in the beginning it was something with a financial intention, maybe so... But I don't blame myself for that, because you were probably also behind the profit in the beginning or you will tell me that it was because because of technology?

From the very beginning I understood that what made Bitcoin go up in price was precisely the properties that make it unique.

Today I fully understand the power of decentralization and all the fundamentals that make BTC unique. And the title was very bad, I agree, but be patient, we didn't get everything right.

That's fine but don't forget to separate your ideas into paragraphs for future threads, they make the reading more enjoyable.

I think that if this thread has not had more responses it is because we see too many threads in this section of the same style (personal history centered on profit) and because of the cumbersome reading.
726  Economy / Economics / Re: Gold is up to new ATH, silver is up, BITCOIN IS BACK BABY!!! on: December 06, 2023, 05:27:00 AM
Gold and silver has lose many customers to Bitcoin when the price of Bitcoin hit $69,000 last two years for long term and short term holders to used the opportunity to achieved a lot of income that gave other people mind to withdraw their money from gold and silver investment and invest the money in Bitcoin.

In my opinion that is not exactly the case. Part of the market cap of gold and precious metals in general that was used as a store of value has been absorbed by Bitcoin, but not at that specific moment of the ATH, it has been a slow process that has lasted years from the moment Bitcoin was launched. If we compare the profitability of gold versus Bitcoin in that period we will see that gold has barely been profitable, the opposite of Bitcoin. That we are on the verge of ATH in gold is another indicator that the best is yet to come with the price of Bitcoin.
727  Bitcoin / Bitcoin Discussion / Re: Bitcoin and me, how I discovered the greatest human invention after the internet on: December 06, 2023, 05:16:29 AM
To be honest with you, you have chosen a terrible title for your thread, as it is reminiscent of Hal's, who neither you nor your story can keep up with.

Then separate the text into paragraphs, please.

Finally, you go from telling us how you are interested in Bitcoin only for the pure economic interest (nothing about decentralization, hashrate security and things like that) to saying that it has made you a better person, which in principle has no causal relationship, Well, there were famous people on the forum who ended up scamming, for example.

Surely you expect merits or congratulations for your story but for my part you are not going to get them because of the above.
728  Bitcoin / Bitcoin Discussion / Re: Bad news always brings some good news! on: December 06, 2023, 05:09:03 AM
It is too simplistic to take an isolated event like CZ and Binance and think that alone should have had a negative effect on the price. That bad news is counterbalanced by the approaching halving, the loosening of rate policies or the ever closer approval of a spot ETF in the USA, as rat03gopoh has commented. So that causal relationship that the OP makes of saying bad news (CZ and Binance) bring good news (the price rise) does not hold.
729  Bitcoin / Legal / Re: D. Batten's call against the European Commission's flawed environmental narrativ on: December 06, 2023, 05:02:47 AM
Are you very surprised? This is business as usual, the EU putting obstacles to innovation and more with the Bitcoin that in principle was created as an alternative currency.

There is a reason why companies like Google or Amazon emerged in the USA and not in the EU. If any European entrepreneur had thought of doing something similar to Amazon, they would have been drowned in taxes and regulations and as soon as their plan was clear, they would have put all the obstacles in the world to supposedly protect the workers of Tesco (UK was in the EU before) and Carrefour.

With Bitcoin and cryptocurrencies more of the same. Legislation is aimed at stifling business instead of promoting it. In this case of mining we have the environmentalist assumption so many times dismantled, but I am not surprised in this global context.
730  Other / Meta / Re: (Any Guesses?) Are there many real (unpaid) people still posting here at BCT? on: December 06, 2023, 04:52:57 AM
I agree in general with the previous answers but I would like to point out that we all know what would happen if for example signature campaigns were banned in the forum, and that is that the traffic would decrease enormously. The WO people would continue as they are now, the other members mentioned who do not wear a paid signature and are not regular WO members would continue as they are now, a small percentage of those who wear a paid signature now would continue to post on the forum, although less, and most of the traffic would go elsewhere.

Just look at what happened to some members of the old CM campaign as soon as they stopped wearing a signature or went from being in a signature campaign that paid for a maximum of 50 posts to one that paid for a maximum of 25 posts per week.

And I'm not criticizing it, eh? It is largely a logical consequence.

The WO's are a case apart because most of them are loaded with Bitcoin, and I would say that most of the other cases cited as well.
731  Economy / Economics / Re: Banks are the cause of millions of crypto project failures on: December 05, 2023, 04:57:54 AM
Banks are the cause of millions of crypto project failures


Blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,  blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,

So the shitcoins, which you yourself acknowledge to be:

Pump Dump token.

They do not fail because they are shitty projects designed to enrich very quickly those who create them by trapping a mass of unwary people who think they are going to get rich with the money they invest, and in the end end up losing it, no, the fault lies with the banks because they do not give them more money to finance projects that are one step away from bankruptcy.

There is no sense in what you are saying, no matter if you use a wall of text to express it.
732  Other / Meta / Re: Icopress ' Merit Source Application 🚩 on: December 05, 2023, 04:49:07 AM
Not saying you'll only need to or have to give merit to people who join your promotions, participate in your campaigns or otherwise but you may read many posts that are good but for one reason or another gets overlooked. 

I have only worked on campaigns managed by icopress for a long time and if you look at the merit history he has given me you will see that he has only given me merit at specific times for quality posts. I believe this is general. He is not biased at all on that. Regardless of whether you work on his campaigns or not, in general he tends to give merits to quality posts, although that estimation obviously has a subjective component.
733  Other / Meta / Re: Icopress ' Merit Source Application 🚩 on: December 05, 2023, 04:19:01 AM
Blah, blah, blah. Bullshit paid signature spamming.

I am sure that theymos will take into deep consideration your arguments, I mean your bullshit spam, to decide if he appoints icopress as a merit source or not.  Cheesy
Especially with how trustworthy you are. Besides, I have given you a reason so you can answer me with garbage and you can continue filling your spam quota week.
734  Bitcoin / Legal / Re: Is my plan legal? Managing the account of a dead person on: December 05, 2023, 04:12:43 AM
Does this make sense or am I missing something?

No it doesn't. Sorry.
First of all, the paranoia is too high in this equation, as Stompix has already mentioned.

Sigh.. Paranoia

Yes, paranioa. I don't know if I'm going to waste a lot of time with this because it's not the first time I come across someone who insists on seeing everything negative and when you try to make things easier for him he keeps looking for and finding arguments to keep on complicating things.

For starters, in which European country are you going to be taxed every year without having sold the investment?

At this point only for realized profits, but I read articles about holdings too. Imagine being taxed 33% for holding BTC at 47k, and it goes down to 17k the year after that. It makes no sense but this is their strategy.

Cite those articles because you have misunderstood for sure. I would have to look at the laws specifically, but I would say that tax for unrealized gains is against European law.

So my plan is like this:

5k in my name (this is only 7% of my portfolio)
5k in my wife's name (I transfer 5k to her)
5k in my fathers name (I pay him)

...

I do wonder, if we wish to manage her account and cash out in 2035...

Look, I wouldn't have that problem. You're talking about investing 15K and waiting three more halvings with what could easily have turned into 0.5M for you. I would buy it all myself, and pay any applicable taxes. Period.
735  Economy / Speculation / Re: Bitcoin at its ATH of 2023 so far on: December 04, 2023, 05:17:30 AM
At this point I think you’re generally a moron if you don’t own any Bitcoin.

I almost died of laughter reading this sentence. Believe it or not, there are quite a few people in the forum who do not own any Bitcoin, but some of them do so out of necessity, they live in poor countries and what they earn in signature campaigns they exchange to be able to live.

What is clear is that the best is beginning. A couple of years ago an unexpected drop began (because everyone expected a higher ATH) and since then we only had a drop in price and boredom, like 6 months this year that have been sideways. 2024 and 2025 will most likely be good years.
736  Bitcoin / Bitcoin Discussion / Re: I will invest the money to buy the land in Bitcoin. on: December 04, 2023, 05:00:11 AM
Well, assuming that what you say is true, because in this section there are many invented stories and we have no way to verify that you are telling the truth, and considering that you are only looking for profit, surely now is a good time to buy because we are at the beginning of the bull market. If you buy now and keep the investment for a year and a half or so you will most likely get good profits.

The only thing I would recommend is that if $11K is all you have, don't invest it all. It is more basic for example to have an emergency fund for 3 to 6 months of expenses. Once that money is set aside, you can invest the rest in Bitcoin.
737  Economy / Speculation / Re: Bitcoin Hits $40,000 for First Time Since April 2022 on: December 04, 2023, 04:54:03 AM
We can expect Bitcoin price to reach $45,000 by the year 2022.

Correct this, as I am sure it is a typo and you are referring to the year 2024. And as for reaching that figure, it is normal that we will reach it at the beginning of 2024 or maybe even earlier, it would not be unreasonable to reach it this month. It is clear that we are starting a bull market, although as is logical and with the volatility of Bitcoin, there will be ups and downs.
738  Bitcoin / Legal / Re: Spanish citizens to declare foreign crypto holdings by end of March 2024 on: December 04, 2023, 04:48:25 AM
I think that the amounts will decrease every year in order to force all citizens to declare their assets in cryptocurrencies. Innovation and repression always start with the largest and richest owners of cryptocurrencies, and then they will follow ordinary users. But I’m still sure that they will use data from centralized services.

That is the view I have as well, but it is not widely shared on the forum, which does not mean that others are right. I also had a similar view about mixers some time ago, very little shared, and look what has happened. And what you say about quantities is what is going to happen. In the same way that cash payment limits have been imposed and have been lowered lower and lower (with the recent exception of Italy, which will change downward again as soon as the government changes), the same thing is going to happen with this. The goal is total control of the population, first financial and then in general, with the help of CBDCs and European digital identity.
739  Other / Politics & Society / Re: French man attacks and kills tourist in Paris on: December 04, 2023, 04:28:32 AM
There seems to be some confusion about the motivations or the context of this attack in particular, in my opinion.

You didn't get the irony, did you? If the murderer had been a white Frenchman who voted for Le Pen we would have his face all over the media explaining how the ultra-right has committed a murder, but in cases like this the media always find an excuse to downplay the drama of what happened, in this case saying that the murder has nothing to do with his radical Islamist views but that it was a poor fool who killed because of his madness.
740  Economy / Reputation / Re: Is forum reputation enough to influence mixers? on: December 04, 2023, 04:19:23 AM
Mixers are just going to get a little more innovative and find different ways to advertise. There's a ton of dirty money out there that apparently is worth risking prison over. The forum isn't the only place to advertise.

The forum is an advertising platform and just one of the advertising platforms...

They will find other places to advertise for sure. They would prefer to continue on this one because it is the largest Bitcoin forum and the one founded by Satoshi but at the end of the day there is a lot of money at stake and they will move their advertising elsewhere.

How can they change the way they mix their coins, their "job" is to obfuscate the source of your coins and they are definitely not going to request for KYC before mixing, because that defeats the purpose of a mixer and thus nobody is going to use that service. Mind you that mixers aren't doing anything inherently wrong, i am surprised that majority of users here aren't seeing the crackdown on mixers as an attack on Bitcoin, but instead that mixers are the problem. Undecided

Right. Mixers will continue to work as they do now until there is legislation that prohibits them, which between the slowness of the administration and the steps that the laws have to follow to be approved can take years.
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