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7721  Economy / Speculation / Re: Nearly $ 100 million worth of Bitcoin stolen from the 2016 Bitfinex hack has jus on: December 02, 2020, 04:57:10 AM
If the hacker has a lot of wallets and a mixer I think that the hacker can easily, maybe they are just turning down the heat.
Not because someone uses a mixer or even coinjoin wallets it doesn't automatically mean that the hacker will be forever anonymous. There are still stuff that the hacker can get wrong that could potentially expose his/her/their identity.

And I believe that this hack is not just one person because they have a confidence to move the funds, that amount is a lot for one person.
? ? ?
7722  Bitcoin / Bitcoin Discussion / Re: 🛑 Aren't you doing this Mistake too?🛑 When Bitcoin is Payment System ✅ on: December 02, 2020, 03:59:20 AM
For normal shopping, we don't have the luxury of waiting for 30 minutes to get a confirmation. Imagine making a payment at a coffee shop and the merchant asking you to wait for half an hour so that the payment is confirmed.

That's what layer-2 solutions like the Lightning Network are for— for low-valued transactions that doesn't necessarily need Bitcoin's base chain security and decentralization. People are sleeping on some Lightning wallets that are actually really really easy to use: https://bitcointalk.org/index.php?topic=5250677
7723  Economy / Trading Discussion / Re: does it really make sense trading on Bitcoin? on: December 02, 2020, 02:57:26 AM
On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
Holding and not trading is a decision in itself.


Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.
With that argument, investing in businesses through stocks shouldn't be called "investing" in your view? Just because you don't have any control over it?

"Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit." - Investopedia


If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".
It's not scarcity alone. It's scarcity, while knowing that there will still be future demand for it.


Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..
It's one thing to disagree with the "plan-b" stuff, but why do you hate holders though? Just because they have a different world view as you? Being a holder doesn't automatically mean you believe in Plan-B's stock to flow ratio.
7724  Bitcoin / Bitcoin Discussion / Re: 🛑 Aren't you doing this Mistake too?🛑 When Bitcoin is Payment System ✅ on: December 02, 2020, 02:51:11 AM
There's a reason why services such as BTCPay and BitPay exists— for businesses to be able to accept bitcoin without having the risks of short term price fluctuations. If you've tried paying for stuff like proxies and VPNs, then chances are, your bitcoin payments are automatically converted to fiat.
7725  Economy / Speculation / Re: Nearly $ 100 million worth of Bitcoin stolen from the 2016 Bitfinex hack has jus on: December 02, 2020, 02:13:21 AM
Will this cause the price of BTC to go down?

Why would it? It's not like the hacker could just easily dump all the coins on a spot exchange without him/her potentially exposing his/her identity.
7726  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: [Warning] Ripple's Incentive plan, support program complex phishing website. on: December 01, 2020, 04:33:58 PM
it is not fake, it is just centralized garbage.
these days they have been advertising it all over the internet so that they can pump their shitcoin more before they fork it and double their bags of XRP and increase their wealth by newbie-scamming. so obviously other types of scams like this one in OP come out to take advantage of the large number of newbies.

Why people invest in that fidget spinner coin is beyond me. For some reason these so called "investors" likes it(assuming they know this fact) when Ripple Labs dumping their pre-minted coins onto their heads. But I guess XRP is "cheap" so suddenly XRP makes sense. /s  Roll Eyes

https://decrypt.co/37523/ripple-cofounder-xrp-dump-2020-crash-price
7727  Local / Others (Pilipinas) / Re: asu's loan default on: December 01, 2020, 02:59:16 PM
Sa last post niya ay Nov. 2 pa pero 1 month pa lang naman yun.

Siguro nagkaproblema lang dahil na rin sa COVID or sa bagyong ulysses na maraming naapektuhan.

Medjo may kalakihan din kase ang loan niya kaya pwede rin na sa pagtaas ng bitcoin sa market ngayon nahihirapan siya makabayad dahil noong August pa siya hindi nakakapagbayad.


Possible talaga ung ganyang patong patong ng kamalasan ung nangyari. Pero still, it doesn't justify parin. If that was the case ang tamang approach siguro is makiusap nalang siya sa inutangan niya na patagalin ung deadline at bawasan/alisin ung interest(assuming valid ung reason niya). Ibang usapan ung tatakbuhan nalang. Ohwell.
7728  Other / Off-topic / Re: Dan lok and other Gurus what do you think on them? on: December 01, 2020, 08:48:21 AM
Most of these "gurus" give somewhat decent advice, but mostly nothing new. They pretty much just get old advice, and rehash them using their own personal style.

Would I personally buy courses from them? Nah, definitely not. Props to them for being really really good salesmen though.
7729  Bitcoin / Bitcoin Discussion / Re: NotYourKeys.org (now with a Community Contribution campaign) on: December 01, 2020, 03:45:34 AM
Sure, I would, I think that is the whole point of BTC. Minimizing trust.

That makes sense. But prooobably not a good idea to recommend for the masses. I personally think it's better to point them to the user-friendly wallets first, and if they actually want to get serious with Bitcoin, chances are they'll find their way into running their own node. Personally even as a decently tech-savvy person, I could see the possibility of me getting easily uninterested when starting out.
7730  Bitcoin / Bitcoin Discussion / Re: Should Crypto users use VPN's ? You decide..... on: December 01, 2020, 03:25:16 AM
VPNs make total sense if you're just going to prevent your ISP(and/or government authorities) from tracking your activity. Knowing that we're talking about the cryptocurrency space, it does make sense as to protect yourself to some degree if ever some sort of "crypto ban" gets implemented in the country you're in. Sure, it won't mean that they automatically can't find out about your past crypto activity, but the extra layer of security wouldn't hurt.
7731  Local / Others (Pilipinas) / Re: Bounty Hunter/Sig Participant ka ba? Read This. on: December 01, 2020, 03:19:04 AM
Binigyan ka ng platform para matuto at magkaroon ng pagkakataon para kumita ng pera ng limang taon. Tapos mag sscam quit rin lang sa huli. Ang nangyari ay parang ninakawan at tinakbuhan rin lang ung nagpalaki at bumuhay sakanya.

Reminder lang na kahit nasa ano-mang sitwasyon tayo sa buhay, hindi sagot ang pagnanakaw sa ibang tao. Lalo na sa sitwasyon na to na pwede namang pakiusapan pag di mababayaran agad agad ang utang.
7732  Local / Pilipinas / Re: ATH na ba? on: December 01, 2020, 02:45:57 AM
Technically kagabi palang(around 10:30-11:30 ata) na-reach na natin ang ATH on some exchanges(specifically, Bithumb, Binance, etc). Hindi lang nag ATH na exchange sa Bitfinex dahil around $19,900 ata ung ATH dun if I remember correctly.
7733  Economy / Speculation / Re: Why is bitcoin rising? Also...question for the experts on: December 01, 2020, 02:29:33 AM
Why is bitcoin rising? Because supply and demand; as per usual.

Also, you're completely assuming that people could actually read the markets. Tongue Some are merely just guessing, and some people like me don't even care about short term movements because I prefer holding long-term.

Lastly, a question for the experts, do you think that bitcoin is going to hit an ATH and then drop substantially like it did a couple years ago?
Not an expert, but trust me when I say that no one really knows. Bitcoin already reached the ATH on most exchanges. It could either crash back down from here, stay sideways for a while, or continue going up to new ATHs.
7734  Economy / Speculation / Re: TO THE MOON! on: December 01, 2020, 02:25:50 AM
But, the one million in this scenario will be reached in 2029...On what do you plan on living till then?  Grin

The most important thing of all, who still thinks that a million $ in 2029 will buy you the same things 1 million does now? Even with a 3% inflation rate, you're looking at 750k instead of a million, and remember that the printing machine is in full swing, it takes just 6% to halve your future earnings.

Decent and 3rd world country? That doesn't make a lot of sense, if a country is "decent" is by no means 3rd world. And I would have healthcare the last thing on my mind, the first is the bureaucracy that might end taking half of my money and crime that might take the rest. Probably the safest pic would be the Baltic countries or the Visegrad group, 1 million (now!) would suffice for a noncapital city, but only if you're in the 50 already. One million will not help you live too comfortably if you start at 40!

The trick is to continue having income while waiting for the $1m price. Tongue Well, but I guess that really isn't technically "retiring"..

But really though, living in a 3rd world country can be decent unless you literally live in a country like Venezuela. There are really decent 3rd world countries out there! They're mostly only crappy when you're in poverty; but if you have the money? It can suffice if you like living modestly.

But yea, just an opinion. Definitely not for everyone.
7735  Economy / Speculation / Re: Heavy BTC resistance at $20k on: November 30, 2020, 03:21:27 PM
That's quite a thick sell wall on BTC:USDT on Binance. But seriously though? $19,700 was just as thick just a few days ago. I wouldn't be surprised if we actually break $20,000 real soon(though I wouldn't bet on it).

7736  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT versus DAI token on: November 30, 2020, 03:17:52 PM
USDT is the most or among the most stable in available stable coins.

Sure is. Also the stablecoin with the highest liquidity. ..aaand.. pretty much also the shadiest stablecoin as far as I know. I don't like trusting either parties(hence why we Bitcoin), but if you'd force to make me choose, I'd probably trust Coinbase's USDC significantly more.
7737  Economy / Speculation / Re: TO THE MOON! on: November 30, 2020, 03:01:07 PM
Want to retire? Buy a single Bitcoin today.  Grin
you can't retire with only $1 million.

Not unless you move to a decent 3rd world country! Probably only downside is the crappy(or non-existent) healthcare. But other than that, almost everything's cheaper lol.
7738  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT versus DAI token on: November 30, 2020, 02:41:35 PM
USDT is more stable but your coins can be frozen(thanks to tranthidung for the link). DAI/SAI however, though not decentralized, can't be frozen as far as I know, but is not as stable as it should be as a stablecoin. Not to mention that some potential fuck-ups can happen on that project.

My tip: if you want to hold USD, either risk it with DAI, or just use your bank account.
7739  Economy / Scam Accusations / Re: Loan Default - asu u=519783 on: November 30, 2020, 03:34:55 AM
The reputation of the Philippine community is slowly but surely sinking huh?

Anyway, that sucks dood. Not to mention that the recent price rise ended up just being rubbing salt to the wound. Hopefully the lost amount doesn't amount to a significant amount of your total bitcoin holdings.

With that said, with asu being a Bitcointalk member since 2015, quite amateurish of him/her to be publicizing a custodial wallet's address then ends up scam quitting in the end. Hope you get justice, OP. Gave him/her a neg.

Archived:
7740  Local / Others (Pilipinas) / Re: asu's loan default on: November 30, 2020, 03:25:21 AM
Just another reminder na you shouldn't trust anyone here regardless of rank. Unfortunately halos kahit sino talaga magiging scammer pag malaking halaga ng pera ang ihaharap. Always think twice kung magpapautang lalo na't anonymous ang karamihan saatin dito.
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