Nice analization, I think you have the skills on trading and your skill will bring you money in the future for sure.
Way back 2015 Im joining stocks or stock market but eventually when I found bitcoin I left stocks because I can see more potential here to earn.
You used the word analization. I do not think it means what you think it means.  https://www.urbandictionary.com/define.php?term=analization |
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I heard about Bitcoin when I was figuring out another way to transfer money to a sports book since Visa and bank wire were not options. This was back in 2015. Too bad I didn't leave that money in Bitcoin. At that time, I was not too interested in what it was.
I became interested in the middle of 2017. I believe it was during a financial conversation on a YouTube comment. Someone was saying something about biotechs and crypto currency. I looked up crypto currency and saw bitcoin at the top of coinmarketcap. My interest was perked and I started researching and thus began my bitcoin journey.
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Use Nitrogen sports. It is in my signature.  Also my avatar is another source of ways to earn bitcoin. Lots of interesting ways. Including other forms of gambling. What kind of gambling are you interested in? Do you like poker? Sports betting? Slots? |
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Thank you for your replies.
I am not smoking something as someone suggested. Yes, the post was an obvious comparison with bitcoin and its forks.
Now I know lots of you aren't fans of bitcoin cash but this copy of gold does more or less the same thing and has a market value of $21 billion. Like it or not its insane.
In effect gold was copied and didn't dilute the price of original gold.
What a mad world we live in.
Well, it most certainly has diluted the price of Bitcoin. There are some people entering the crypto space who will be buying BCH instead of BTC. BTC + all the forks is what Bitcoin's price probably would be at if no forks existed. It may be a bit more though, because some people think they are "diversified". In reality, if you are in the crypto space there isn't too much diversification since it is entirely its own sector. |
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I think new gold is the real gold. "Gold' use to be gold, but eventually people started turning them into coins so that it was no longer gold. This is a perversion from God's original vision. The holy white paper says so. New gold is actually more like real gold. We should call new gold, gold, not new gold.
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From my understanding, Lightning Network is a centralized platform that is built as a layer from Bitcoin which is decentralized. If lightning network fails then there can be many other systems that are tried out and the one that works the best will become the norm. If you don't like using a centralized platform you can always stick to the main chain. The fees might make you not want to though.
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I think it is wise to SPODL your bitcoins (have coins for spending and other coins for saving). As for holding, I will do so much higher than 20k. However, I will sell some along the way, because I think it is quite dangerous to have all your eggs in one basket.
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I think you overestimate the power that the Clintons have on this world. If they were indeed that influential in terms of WW3 then Hillary would be our president and not Trump.
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Guys, this was suppose to be a joke. I thought that it was obvious by the content, but I feel like I should clarify this because some people seem to be taking it a bit too seriously.
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So apparently through the grapevine of the Bitcoin community I have heard that Bitcoin is having trouble scaling. That blocks are too full to fit more transactions. Does this mean Bitcoin can't reach mass adoption without creating side chains or will it be easier when technology speed advances? I hear a lot of stuff about the lightning network and have been pretty excited about it.
For awhile Bitcoin was slow and also expensive which was the opposite of what it was initially intended to be. Is there a way for it to be fast and cheap with advanced technology? Is there light at the end of the tunnel or have we reached a wall? I really like the concept of Bitcoin's decentralized uncontrolled nature that does not inflate over time.
I think a good strategy to get people to adopt bitcoin is to have some coins for HODLing and other coins for spending. I would say just having coins for spending, but people aren't going to want to do that when the price keeps going higher and higher. I think if we pursue the creation of a culture where people have BOTH HODL coins and spending coins it could help grow adoption. The more we use Bitcoin personally the more incentive merchants have to open it up as a payment option. I've heard of businesses that have had Bitcoin as a payment option because customers requested it, but then nobody used it and so they drop it from their business model. If we want big companies like Amazon or grocery stores to accept bitcoin, then we have to use it as a currency in order for it to start happening. The hodl cult was started and people jumped aboard the train. Maybe we could create a spodl cult. (spend + hodl = spodl) Okay cheesy I know, but something like this could help. Just hoarding money never accomplished anything.
The thing about LN that seems greater than just raising the block size is that it allows for growth without corrupting the main chain. I really think that even some centralization can actually be good just so long as it doesn't affect the "root" of bitcoin. A decentralized currency with centralized platforms seems like the ideal vision. I believe the masses will have a hard time being like "Oh, I lost my private key. It is on me." Some people are going to be okay with that risk, but the average person is not going to be comfortable with that.
Okay so these are just a couple of thoughts. Anyone else have some good ideas?
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Can't believe someone could put out so much effort to write a post this long, with pics they made... and yet the whole thing basically is trash with no value and a poor attempt at reverse psychology.
"Here's how to send merit. But don't give me merit pls. No"
Well, he got a merit. So I guess his attempt was successful. Thankfully for him, there is no such thing as demerit on this forum. Otherwise, he would have picked up a bunch of them instead. Do you think I would have made this post if demerits existed?  |
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We know innocent people are convicted. That alone should be enough to not have the death penalty! Also i do not think the ones comitting murder consider that they can be sentenced to death, just look at the fantastic land of the free.. What matters for crime is the society. And when put in jail how the conditions are. Being in a Norwegian jail is a paradise compared to the US, yet the amount of criminals is lower and the reformation is more succesfull. If interested see Michael Moore visiting Norwegian jail. https://youtu.be/jDjISR5OHa4Norwegian prisons are super nice. If there is any place in the world to commit a crime this is the place. Norway definitely has a different atmosphere than in the US. Sounds kind of nice, but on another level it seems pretty messed up. Imagine some crazy dude comes into your house and murders your entire family. You happen to be out at the time so you don't get killed. The murder is then sent to a paradise campus for 25 years. That would really feel like... lack of "closure". |
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Of your list, "idea and concept" would rank number one for me. If the idea sucks I won't invest in it. There are some really weird ideas out there that seem pointless. Like a crypto currency that links other crypto currencies. Seems too generic, complicated and unnecessary. A crypto coin that tries to revolutionize the way we buy food. A toy coin for buying children's toys. A coin for health care or real estate.
These concepts are either far fetched or not really practical for life as we know it. Coins tend to promote things that are either way too big and impractical or something small and insignificant to the point where why bother even using a specific coin for that.
The idea has to be something that a lot of people can get behind. A currency can't be accepted if it doesn't have support. Once I find a good idea I look for the next most important thing.
Number two is marketing. A coin can only spread to the masses if it has good marketing. Honestly, the code behind it doesn't even really matter, because majority of investors, in my opinion, probably don't even read the code at all. Maybe I'm wrong, but that is just how it seems from what I've read about other investors and what they say.
So to summarize, fistly, I find a coin that a lot of people can get behind. Second, I get the coin only if it has excellent marketing.
A couple of things may happen. One, the coin becomes a massive success. Two, the coin is more of a joke, but regardless the price skyrockets because people fall in love with the concept. Three, the coin is a pump in dump, but I got in early so I will still make profit. Four, the coin fails, but ends up mirroring bitcoins price more or less and I don't really win or lose much at all. Five, the coin is a scam, collapses and I lose money. Most of these result in me making money though so I like this strategy.
I recently got into PolyMath when it was launched. The concept was revolutionary. It was far fetched, but it is still something that people can get behind. I checked out the marketing and thought it was amazing so I hopped in. Also I got in early (or so I thought). I actually lost a lot so far though, because I got in at $1.18ish and it has lost over half its value. Perhaps I made a mistake and am one of the duped folks that lose. Time will tell.
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For those of you who may be doing taxes at the last minute like I am. Know this; Bitcoin is taxed on form 8949 in attachment to schedule D. On the 8949 form make sure to check box C for "Short-term transactions not reported to you on Form 1099-B". After that put in all transaction information in the boxes of 8949. I would put something like "0.15 BTC (crypto)" in the description box so the IRS knows it isn't a stock. I know taxes probably aren't too popular around here and they aren't fun. You know what else isn't fun, being audited by the IRS. Here is an additional resource I found quite helpful: https://bitcoin.tax/blog/filing-your-bitcoin-taxes/ |
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If you have been in the crypto space long enough I am sure you have heard from at least one person claiming that Bitcoin is a Ponzi scheme, Pyramid scheme, or a bubble. Perhaps you have heard all three. A lot of these people don't know what they are talking about and just quoting someone else they've heard. Here are the meanings of the three and why Bitcoin does or doesn't fit the criteria: Ponzi scheme
What is it?
A Ponzi scheme involves a person or entity that recruits investors without any underlying product/service. The only way those investors are paid out is when new people invest. Nothing of value is added and the creator(s) of the scheme run off with all the money in the end. In a Ponzi scheme, people are promised high return with little to no risk. There is no financial reward to recruit new people other than the fact that they add to the money pool (collective reward). Early buyers may get rewarded and the Ponzi may spread by word of mouth. It is not a pyramid scheme because there is no individual reward for recruiting new members. Also there is a central authority.
Is Bitcoin a Ponzi?
No... no it is not. Bitcoin is decentralized so it cannot be a Ponzi. Bitcoin had a lot of work put into it by Satoshi and many other developers. They had no malicious intent like how a Ponzi does. Also, if Satoshi wanted to come and take all your bitcoins away, he couldn't do it. So no, bitcoin is not a Ponzi.
Example of a Ponzi
Bitconnect
Pyramid Scheme
What is it?
A Pyramid scheme involves a person or entity that acquires new members whose sole purpose is to recruit more members. Members are rewarded based on the number of people they bring into the pyramid. This is similar to multi-level marketing. The difference is multi-level marketing has a product where as pyramid schemes do not. If they do have a product, it is a garbage product and a majority of the money being generated is from getting new members. If people are having to pay up front to "get in the business" then it is probably a pyramid scheme. In a pyramid scheme there is no central authority who controls all the money like in a Ponzi.
Is Bitcoin a Pyramid?
No it is not. It is wrong when people mistake bitcoin for a Ponzi, but it is even worse when people mistake it for a pyramid. When you get more people to invest in bitcoin, you are not personally rewarded. All investors are collectively rewarded because the price goes up, but there is no real strong financial incentive for you to get family members and friends to buy bitcoin.
Example of a Pyramid
People that want to sell you a "starter kit" for selling "starter kits" for any overly priced bullshit product (such as knives, moisturizer creams, DVDs, etc.).
Bubble
What is it?
A bubble is when there is so much hype over a certain thing that investors start evaluating that thing at overly high prices. The increasing price causes people to experience something called "fear of missing out". As a result, people buy and prices are fueled to soaring heights. Eventually reality hits home and a lot of people end up losing money once prices come crashing down.
Is Bitcoin a Bubble?
Maybe. We have yet to see whether bitcoin becomes a huge success or a massive failure. If it fails then it was a bubble. If it succeeds then it wasn't. So far I'm feeling pretty optimistic. There definitely is a lot of hype in the Bitcoin space, but the future will be the ultimate answer for whether that hype is warranted.
Example of a Bubble
The Dotcom Bubble I don't mind bitcoin skeptics describing bitcoin as a bubble. Sometimes, they can come up with decent arguments for it. What is annoying though, is when people say bitcoin is a Ponzi or pyramid scheme, because that just doesn't make sense. Using pyramid, Ponzi, and bubble interchangeably is not correct. Our words are important in how we use them. |
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Wait, let me get this straight. You want someone to kill Jack Dorsey because he is suspending accounts? Doesn't that seem a bit extreme?
A lot of the things you are talking about seem to be conspiracy theory stuff. I'd be careful about some of the things you are reading/watching. It might not be good for your sanity.
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Is a life in prison that much better than dying?
Who says that justice or revenge is such a bad thing? There are some people that claim certain virtues are primitive and that we as humans must learn to overcome our emotions. Who can prove that they don't matter? It is my opinion that a lot of what people decide is moral, is rooted in our emotions. People like to think we are logical beings, but emotions are the true building blocks of our perception of morality.
The death penalty gives justice for family members. Knowing that the murderer is still alive out there is unsettling even if that person is behind bars. For the people that are sent to prison for less severe crimes, they can develop some of the bad habits of worse criminals. I heard somewhere that prison is basically crime school. If you spend time in prison you learn how to become a better criminal. You hang around bad people enough and you'll turn bad too. It is a psychological thing, you become who you hang around. Also it is one less person for your taxes to cover. I know that sounds callous, but it is true.
When I think about people individually I can sometimes empathize with people facing the death penalty and how much that would suck. Systematically it makes sense to establish it though when you think about the whole scheme of things.
My opinion on the death penalty isn't too strong, but I've weaned on the side of for it rather than against it.
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LOL. Is this a bait? The thread is like indirectly asking for merit. The story though is good, but I think the intention was just the opposite. NICE TRY, @ OP. Are you implying that I am doing 3rd level begging for merit? I can understand how someone might see it that way. ...hmmmm... I'm not going to confess or deny that allegation. I like to be mysterious sometimes. I will allow the members of bitcointalk speculate my intentions. I really want to stress that I, being as humble and selfless as I am, has caused some to be bitter and resentful towards me. This reminds me of when Jesus was being persecuted. I'm not saying that we are in a significant way similar, but just pointing out the fact that there are similarities in both of our situations. I'd also like to remind everyone not to GIVE ME MERIT! This is how to do it:  Now please do the opposite of what the picture shows. By opposite I mean don't give me merit. |
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