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Quite a surprising chart to be honest. By now knowing that we're at around $15k, I was expecting at least a spike up(at the very least a size of 1/5 of the 2017 spike). I'm ever-so-slightly convinced that it's the institutional or the so-called "wall street" investors that are buying in right now instead of the retail investors(like what we had in 2017).
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You really can't simply copy other people's trades just by having certain software, you'd need to have access to their trading API too(which most people would definitely not publicize).
Instead, you can use platforms like eToro that already has the copy-trading feature. Wouldn't really recommend though, but you do you.
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Maybe "random economist recognises bitcoin as a partial store of value".
You're technically correct, but what makes this news special is that(you probably already know this, but for those who doesn't know Roubini..) this "economist" has been pretty much shitting on Bitcoin for years now. Hence why this slight "compliment" is really really unexpected. https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html |
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“It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time.”Yeap. Though this dude's still calling Bitcoin "not centralized" and such, quite weird seeing dudes like him actually giving bitcoin at least a bit of recognition. P.S. Sorry for the bad title. I'm just too baffled.
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Bluewallet: https://bluewallet.io/It's pretty slick and straight to the point, and it's bitcoin only. Especially knowing that the people who are going to use your recommendation don't know much about bitcoin and blockchain, I don't think it's a good idea to overwhelm them with multi-coin wallets. |
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You know what? It doesn't matter. Just use bitcoin for whatever reason you wish, because that's one of the main points of bitcoin anyway— financial sovereignty and having total control over your money.
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Fees are more likely to be considered in this matter. Fees are higher because ATMs are meant to give "convenience" to the users but I'd probably still go for crypto exchanges.
I mean, I guess ATMs are more convenient when you need bitcoin while you're already out and about. But in general though? Using your local exchange's app is FAR more convenient. Well, unless you only have physical cash I guess. |
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Nope. Haven't tried using one, and up to today I'm still quite baffled on how Bitcoin ATMs manage to be profitable business(assumingly) knowing how big the fees are. Bitcoin ATM businesses being profitable(and not shutting down), means that they actually have enough customers to keep the ATMs afloat. Idk, I'd think that people would use famous exchanges instead for obvious reasons.
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Being a smart investor doesn't necessarily mean that you only buy when prices are "cheap". You can still be a smart investor if you invest in businesses or assets that you think will be worth a lot more in the future(assuming you've done the research), regardless of current price.
To answer your question, it's pretty simple. People buy at current prices because they think it will be worth more in the long term.
Also, define "high"? Bitcoin being at 15k, which is approximately 5k away from the all-time high, doesn't make it's price "high". Personally, as a dude who's long-term bullish on bitcoin, I'd even say that 20k is "cheap" when talking about potential future prices.
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I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?
I'm guessing, something big probably like the United States government illegalizing the ownership of bitcoin. I know, people still could hold bitcoin regardless and stay under the radar assuming they know what they're doing(with them not messing up their privacy), but this is probably when fear will be at it's peak. |
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You're probably referring to my response in this thread that I already removed: https://bitcointalk.org/index.php?topic=98544.0Why did I respond? Some dude apparently necro-bumped the thread(thanks to Csmiami for pointing it out), and since the topic was bumped to the first page near the top, I just responded normally and completely assumed that the topic was new. Yes, I fucked up. But was my mistake really THAT bad? |
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I think you should include Ownbit in the wallet list. I think it's the best compared to any others.
Seems like a wallet that's a bit under the radar as I've only heard of this one just now. Not saying that this wallet is bad(it actually looks good), but I'd personally prefer recommending wallets that are already quite reputable. |
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Well most exchanges are overwhelmed when bitcoin goes on a rally, similar to what Coinbase has supposedly experience and doing unscheduled downtime. So if I'm the owner of this exchanges perhaps it's time to upgrade those servers to cope up with the sudden surge of traders.
Anyways, I haven't heard of this exchange though, probably 2nd or 3rd tier, but yes definitely, unplanned downtime is not a good sign. If I'm the OP, better withdraw all your coins and move to other established exchange.
True. Hence why I wouldn't make conclusions like saying that the exchange scamquit or something. 48 hours of ETA downtime is pretty long though, but they probably used that number just to play it safe. |
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Here's their recent announcement on Twitter: Such unplanned downtime are almost always not a good sign, but time will tell. |
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Without the backup and the password, your funds are pretty much gone. Sorry.
If you haven't formatted your drive though, try to dig really deep and look for it as your backup might just be mixed up with all your files. Use file recovery programs if you have to, as you might have deleted the backup file.
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It's probably wise to keep things as simple as possible for newbies without throwing Lightning channels, HTLCs, watchtowers, etc. in to the mix as well.
Let them understand and use layer 1 first before you introduce them to layer 2.
Totally agree. The thing though is, some of the lightning wallets we have right now, especially the first one(Phoenix), are pretty much easy to use without almost all these complications. I've tried it myself months ago, and it already almost felt like a typical on-chain wallet. |
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Personally, I still think that Lightning is nearer to "experimental" than "ready for prime time"... unless you have a real need for being able to conduct a lot of micro transactions, then the regular "on-chain" BTC MainNet is probably the best option for newbies.
These wallets still have their main-net functionalities though, so I guess it's fine? On second thought, I guess not much services accepts lightning payments right now anyway lmao. 🤦♂️ But I guess having a lightning-ready wallet is good? But when I've read I was thinking "why is he concerned about LN yet and not about privacy wallets?" A thought would be that maybe we should start suggesting wallets like .. Wasabi?
Definitely not something I'd immediately introduce to a beginner. The last thing I would want a beginner to feel is to be immediately overwhelmed so early on. |
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Yeah, I was more talking about the investment funds and cash rich companies that are looking for ways to hedge their excess cash rather than your average companies that need their cash for day to day running of the business.
Still shouldn't be the right move to be honest. Companies, big or small, should have their cash ready(and definitely not in volatile assets) for potential business acquisitions and mergers that could help their company actually improve(e.g. Apple acquiring an augmented reality company and virtual reality startup just last month). Not to mention that probably the last thing these companies' shareholders would like them to do is play it safe. Most investors want growth(hence why they're investing in these companies in the first place). And one thing's for sure, these cash-rich companies wouldn't want to lose their investors. |
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I saw nopara73 hyping this up weeks ago(if I remember correctly?) and as an amateur web designer and UI junkie, I LOVE IT. Like it or not(and they probably know this already), but your program/app needs to have great UI and UX if you want the non-techie masses to actually use it. For those interested, here are some more screenshot grabbed from nopara73's Twitter account(@nopara73):    ^click on the images to view the full size. Or use this link instead: https://imgur.com/a/O9IpZDv |
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