One of the new nocoiner narratives, and probably the shittiest one YET. It's so shitty that it's like 10x worse compared what comes out of Peter Schiff's and Nouriel Roubini's mouths. My previous response on this topic: This has been a pretty hot topic on Twitter quite recently, with some people thinking that Bitcoin being possible to cut up to smaller denominations makes it's supply sort of "unlimited". It's like saying that you can feed 50 families with one whole pizza because you can slice it up to 50 pieces. I really don't get it. I mean holy crap that Frances Coppola woman on Twitter is totally bollocks.
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By the way, why put off your bet? Are you planning to go live betting on this?
Stopped sports betting because I spent a lot of time in the past watching sports/eSports because of my bets instead of doing things that are more productive. As for this fight specifically, planning on going small on Poirier. I'll just wait until a week before the event so I can know how busy or not busy I am at the time of the fight.
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It matters, of course.
This has been a pretty hot topic on Twitter quite recently, with some people thinking that Bitcoin being possible to cut up to smaller denominations makes it's supply sort of "unlimited". It's like saying that you can feed 50 families with one whole pizza because you can slice it up to 50 pieces. I really don't get it. I mean holy crap that Frances Coppola woman on Twitter is totally bollocks.
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I think it's just either.. 1. They find your information quite suspicious 2. It's the holidays, and that Bitcoin interest from the masses have been slowly rising since the recent price rises hence there might be a huge backlog of user registrations that they need to go through. I'm betting on the 2nd. You can feel free to use other platforms though, I'm personally for peer-to-peer no-KYC platforms like HodlHodl[1] and Bisq[2]. Just make sure to transact with people with good reputation.
[1] https://hodlhodl.com/[2] https://bisq.network/
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Nope. I stick to my plan and sell just when I need the money, and continue stacking sats as per usual regardless of price. As for this.. I don't want to risk. i would buy Bitcoin again when it visits $6000 again, maybe next year.
I actually think it's more risky to not own any bitcoin in this day and age; but I wish you the best of luck (assuming it actually goes back down to $6000 lol).
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Sportsbet: Poirier, Dustin 2.85 -- McGregor, Conor 1.37 Cloudbet: Poirier, Dustin 2.97 -- McGregor, Conor 1.40 Nitrogen Sports: Poirier, Dustin +197 -- McGregor, Conor -263
Jeebus these odds. While Conor is mostly the better fighter in this case, I wouldn't be surprised if an upset happens either. I mean, this is Dustin Porier, not some random inexperienced fighter. I've stopped doing SportsBetting for a while now, but these odds are too tasty to ignore. Probably going small on Dustin if I don't forget the date.
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Pretty safe to assume that the exchange with the "best" exchange rate would vary a lot throughout the days. Let's not forget that it's the traders on the exchanges that set the buy/sell orders anyway, not the exchange itself.
As for Binance, I'm pretty sure that it's the most recommended exchange mostly for crypto to crypto specifically, but not necessarily the most recommended for buying BTC.
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A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
Mostly, yes. But also definitely be familiar with what you're buying. Perfect example being the fidget spinner coin that' just recently being dumpstered due to all those news. 🤣 (hope it does soon)
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Disclaimer: While I like writing, I don't run a news site. - Where does the information come from that gets posted?
Insider information if you're a big news site, from bigger news sites if you're a smaller one. - Which news outlet is generally the first, has the most 'breaking' news
Mostly, the news giants. Think CNBC, CNN, etc. As far as I know bigger crypto news sites like CoinDesk still are mostly minutes/hours late compared to the giants. - Do crypto journalist just monitor press releases, and write articles from there?
Mostly, especially if you don't have the connections to get early access to events, yes. Theoretically, if you were to start writing news articles about crypto, where would you look to find breaking stories?
Everywhere. Especially when starting out, the likeliness of you out-competing the bigger sites(in terms of speed) is probably next to impossible, so where you can probably excel is the quality of your articles. Try to beat them in terms of depth of information.
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That advice won't be truly absorbed by newbies.
Maybe a bit but once they are now in the real situation, that's where the challenge begins for them.
For me, I will just let them ride the trend whatever the circumstances or results. The only advice they will get from me at first is not to go all-in until they understand what they're doing (of course, that includes basics). If they got wrecked, then up to them if they will continue.
I mostly agree. It's pretty easy to take in advice, but the difficulty comes when the problem is placed in front of you. Especially for the newbies, it's going to be pretty hard to think logically and stick to your plan when your emotions are overpowering everything. Perfect example being bitcoin. "I will hold for 10 years" says the newbie, but then panic sells when a FUD article comes lmao.
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The price is not determined simply by supply and demand any more. Large transactions are performed via p2p movements, and not by exchanges. The price seems to be an average of sales via exchanges, and they seem to be subject to whale manipulation and speculative pressures.
To some extent, sure. But regardless where the transaction comes from(from p2p platforms in this case), wouldn't it still count as "demand"? I don't think "demand" should necessarily come from spot exchanges. One huge transaction from 2 parties should still be considered as "demand" as far as I know.
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and if they hold btc it seems less profitable.
It only seems less profitable if you're only being short-sighted knowing the recent price increase. Also, it's mostly the ignorance of people when it comes to investing. It's why a lot of people buy coins like XRP because it's "cheap"(totally not taking note of marketcap), with them thinking and hoping that it will be $500 soon or something similarly stupid.
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My understanding was that the target for the minimum amount of Bitcoin which most people wanted to own was/is 1BTC in our current bull market that target becomes more out of reach for the people who most need it.
*snip*
We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from the people who need it and into the people who control large portions of wealth.
The thing though is, the 1 BTC thing is just a target of many people that likes to accumulate bitcoin. But if they really needed BTC? Like when you're from a country like Venezuela, I could guarantee that it wouldn't matter if you had 1 full BTC or not, what matters is that you hold an uncensorable and easy-to-transfer asset that isn't guaranteed to decrease in value on the daily. As for bitcoin being more and more expensive(in sats value), that's the reality of markets.
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Is it the mentally challenged that are getting fleeced right now.
Says the same people who refused to buy at the previous all-time high peaks of the previous years because "it's too expensive". Even in 2017 it probably might've looked like a stupid decision back then to buy at the $19,700 peak, but look where we are at now.
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Some of the notable "events" that I remember on the top of my head, but you might've probably heard of already, that I'll list anyway just so if you've missed any of them: Also, Specter Wallet has been getting a lot of attention on Twitter since the past few months:
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Yes. Because even me telling a friend to buy $5 worth of bitcoin would still technically count as 'demand', affecting bitcoin's price. It's just that of course, that $5 transaction would just have a very very minuscule effect that it's pretty much nonexistent. Same with Bitcointalk, but obviously the effect would be bigger, but I personally don't think Bitcointalk can affect the price in a noticeable manner; probably more of a 'gentle push' in helping price rises.
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Er.. like 5 seconds at maximum if my internet connection is slow? Assuming you're referring to exchange market orders, then these orders should be next to instant.
If you're referring to a limit order, then it's really going to depend on what my intent is.
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I would have say that other projects like BCH are better in terms of low transaction fees but isn't this applicable to all other crypto projects too? XRP, LTC, BCH have low gas fee, better than bitcoin but if all these altcoins can surge to where bitcoin is today won't their gas fee surge as well? This is something that's yet to be fixed in Crypto space
It would most likely be the case with BCH and LTC. As with XRP, yes, fees are indeed cheap, and that’s because the platform is centralized in the first place; to the point that I’d honestly just use PayPal or a creditcard lol. Again, layer 2 solutions like LN are the way to go. It’s just that people refuse to try it out even though LN wallets(like Phoenix) have been A LOT better in terms of UX. That, and that unfortunately exchanges still doesn’t accept LN. Apparently Kraken is going to receive LN deposits in early 2021 though.
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Local Bitcoins site (Au sellers) most appear to ask for ID and claim its the law, hence my presumption. Your 100% certain its not a law in Au to request ID when exchanging for cash?
There’s a reason why I recommended HodlHodl and Bisq(and NOT LocalBitcoins) is because LocalBitcoins requires AML/KYC. As to your question, you might want to do research on it as I really can’t answer as I’m not from AU. But then again, if you’re transaction peer-to-peer(like you exchanging money with a friend) and not with a business, why would an ID be needed?
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