How can bitcoin have its own ETF when bitcoin is just 1 asset on its own?
For people to be able to bet on bitcoin's price going up without actually buying "real" bitcoin and spending their time into securing their funds. Quite an unpopular opinion, but this is the way to go for the older tech-illiterate folks. As for "crypto ETFs", while not necessarily an ETF, investment funds such as Grayscale Digital Large Cap Fund exists. Though I'm definitely not for investing in such funds because I'm personally not bullish on 99.9% of altcoins in the long-term.
|
|
|
Even if it gets affected by the election, how will we see it? If the price changed at the time around the election, it doesn't mean it changes because of it. There can be some completely unrelated reasons, and yet I'm sure there would be tons of articles making this connection only based on timing. We're very used to matching Bitcoin price changes to some events, but I often wonder if it's justified.
Sure. I've never said that both assets are moving for the exact same reasons, as there's so little we can do to find out their exact reasons of price movement in the first place, and why they're actually somewhat correlated. But one thing's for sure, both are moving really really similarly and that's simply a fact. Weird how some people think that bitcoin and the S&P500's price correlation is my opinion for some reason.
|
|
|
Can you be more specific about your thought here. I want to be enlightened. Why and how are they centralized?
1. Ethereum has far less nodes compared to Bitcoin simply due to the multi-terrabyte space required to run an Ethereum node. 2. Ethereum in it's entirety is pretty much just Vitalik Buterin + Consensys. There's a reason why Satoshi Nakamoto left the project early on, and that's to spread out the development and to remove biases from him. 3. The reversal of the Ethereum DAO hack. That itself is a red flag. 4. Don't even get me started on other altcoins as they're FAR worse. Pretty much just single teams having control over the entire networks.
|
|
|
im asking just to want to be safe btc is not safe it can go up and down. and exchangers stable coins most popular ones are USDT.
In contrast to popular belief, USDT isn't safe either. If anything, if you'd force me to choose where I'd store 100% of my wealth, I'd choose bitcoin instead of USDT. We don't even know if the USDT are backed by real dollars or not. At least with bitcoin, sure it's going to go up and down, but it's guaranteed to have some value and that I believe it's going to be more expensive in the far future.
|
|
|
Bisq and HodlHodl are great. Though personally, I mostly use HodlHodl simply because it's a lot more convenient though Bisq is better in a privacy perspective. As for PayPal, chances are, you wouldn't be able to buy bitcoin with PayPal as people wouldn't trust someone with zero positive feedback. Depending where you're from, you're probably going to find bitcoin sellers that accepts online banking and such. As for selling bitcoin for PayPal, there are a few people with decent amounts of feedback that pay with PayPal; but still watch out for scammers. Also how does using a trezor device fit in with using an exchange like one of the above.
After buying the bitcoin, you send them over to the Trezor wallet that you've generated on the Trezor device itself. The Trezor is a hardware wallet, and hardware wallets are mainly used for securely holding your funds. If you don't know much about wallets yet, probably read the basics:
|
|
|
How wouldn't you? If USD would drop down in value, then chances are, BTC's value will go up. And if you think if USD becomes worthless over night, then you're delusional as that's very very VERY unlikely to happen. The United States has a lot of control over the country through their official currency, so why would they give it up?
USDT being worthless over night on the other hand, is a different topic.
|
|
|
KYC is required for any transactions including donations. These are the rules.
I have personally donated to TheWaterProject a couple of times already in the past, and no; KYC is definitely not a requirement.
|
|
|
These charities will get into hell lotsa trouble in case they accept donations from these hackers. Iff the hackers wanted to donate they could have just handed over cash anonymously. Why the drama? ? To be able to do that, obviously, they would actually need to sell the bitcoin for them to be able to have the cash. Whereas doing so could potentially expose their identity. And even if they coinjoin the coins and sell them through P2P platforms, there's still a lot of room for error. It's pretty safe to assume that it's not worth the risk on their side. That, or they simply just wanted the publicity like some have mentioned.
|
|
|
Lol, you are right. I made a mistake. Only BTC isn't under the ctrl of someone like the founder Nakamoto Satoshi, and no one knows who is him.
Yeap. Even though chances are that Satoshi has a crap ton of bitcoin, not even Satoshi Nakamoto himself has control over the Bitcoin network. No sole entity has; and that's what Bitcoin has over every single altcoin in existence.
|
|
|
People that were wasting their time watching YouTube will now have an incentive to lower their time preference and work hard in order to acquire valuable and scarce bitcoin.
I totally agree with you with most, but this part is quiiite debatable. It's probably safe to assume(at least from where I'm from), that the "lazy" demographic I was referring to doesn't even know much about inflation/deflation; what more monetary policy in general? No monetary shift into a deflationary-ish society is going to change most of those people imo.
|
|
|
bitcoin as a currency is not meant to do either one of these. it can't fix the "inequality" because it is not equipped to do so and the inflation issue that exists with fiat currencies doesn't exist in bitcoin just because of its controlled capped supply but that is only a very small thing compared to what bitcoin really offers.
bitcoin is meant to address the centralization issue with currencies. so it provides a censorship resistant global payment system that is also fast and secure.
Lol a lot of people are looking for things and people to blame for their financial "inequality", even though what they mostly do on their free time is to be on Facebook and watch YouTube or Netflix all night whereas the future wealthy minority are actually working on stuff to get out of the shithole that they're in. Lazy people are just looking for an easy way out.
|
|
|
As we all know, most of the crypto currencies (especially bitcoin) are decentralized and anonymous.
That's where you're wrong buddy. It's actually the reverse. Pretty much all cryptocurrencies(yes, even Ethereum) besides bitcoin is centralized, and probably 99% or more of cryptocurrencies are only pseudonymous. Why should those exchanges collect our personal information? Do you think KYC is necessary?
If you ask me, of course I wouldn't want to submit KYC. But the fact is, most governments of these countries that these exchanges operate on requires KYC. It's not like most of them require KYC just because they want to; most of them are just following the government requirements.
|
|
|
Well, unsurprisingly, bitcoin is leading the poll even though there are currently only 8 votes. Not surprising though, knowing that bitcoin and crypto people are pretty active on Twitter. I'd honestly prefer a poll made on Facebook as I think opinions concerning bitcoin would be more spread out there.
|
|
|
I think this isn't a break up (yet). More like Bitcoin got a bit fed up and is off on a wild weekend for "me time" while letting stocks just go off and get over their hangover.
I like that take. The price movements of both platforms are not necessarily a "breakup", but more of like a "cool off" when talking about relationships lmao, and will pretty much just come back together after a short while.
|
|
|
If you have to ask us how to earn merits "very quickly", then chances are, you aren't qualified for the task you're wanting to do.
|
|
|
It is wrong to say such comparisons only because the charts are similar, all of the gold, stocks, and cryptocurrencies carry different investment characteristics from each other, so they do not have similarity between them, but each of them has a different scale from the other and does not follow each other, but there are factors that affect them all so that they show the same effect (Chart.)
Therefore, if your analysis is that the current influence has made BTC and stocks similar to each other, then you may be right.
Well guess what mate, the fact is, there is a correlation between how bitcoin and the stock market moves. This isn't even my opinion or "analysis", I'm just presenting factual data that's freely accessible by anyone lol. 🤷♂️
|
|
|
- bitcoin is hardly affected by the upcoming US Presidential election
..so far. Take note that this chart(and the movement divergence) is only hours of trading activity, and bitcoin can definitely continue following the S&P500 till whoever knows when.
|
|
|
LOL!
To be honest, that particular event of bitcoin and merit spree inspired me to pursue making digital drawings other than doing traditional artworks. It was that moment when someone posted a digital artwork of 10th Bitcointalk Anniversary contest with a spooky/ cyberpunk theme. If my mind serves me right, the artist was @1Dq.
Well, instead of waiting another decade, Roobet is currently having their 4th Art Contest with various catergories to choose from -- I see it as another alternative though.
So bitcoiners are doing NFTs now? Kiddings aside, seriously. I'm personally not a fan of NFTs(because I think selling/buying digital art makes no freakin sense), but some people are making bank selling NFTs on whatever sites they're using. If I was artistically blessed, I'd definitely take advantage of that opportunity and just sell the earned ETH for more BTC.
|
|
|
|