These types of grifts exist even in bear markets. It's just the fact that these ones gained a lot more traction because the markets was quite bullish in general, so people were generally getting too cocky.
As for FTX, boy was that surprising for me. Fortunately I didn't have any balance on the platform.
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It's mostly just the fact that they have the financial incentive to do so — from running a fork and attempting to beat the 'main' fork(Craig Wright), to getting news headlines with their name with it(some of the dudes in the list). Unless the person is insane, it simply just doesn't make any sense to try to claim to be Satoshi without any financial incentive due to the risks(the government might suicide you).
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Here's a tip: all(or at least most) decently-great/reputable cryptocurrency software are totally open-source.
So, if you want to check out wallet code, go scan MetaMask/BlueWallet's code; Uniswap/dYdX for DEX code; Winr/BetSwirl/Azuro for casino code, etc.
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Making money off arbitrage is definitely a viable method, but take note that I'm pretty sure doing it manually isn't. The arbitrageurs that are actually successful with their operations are using their own custom-made bots. You'll just very likely to get front-ran if you're going to do things manually.
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I'm pretty sure it's not Satoshi. Why would Satoshi leave Bitcointalk(safe to presume for security/privacy purposes) — a platform that has decent privacy compared to most social media platforms, then join Twitter, knowing that Twitter has some trackers that could potentially break his privacy?
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Not sure if "reliable" is the right word for this. You still see inaccurate information from time to time especially from those with bad activity:merit ratios. What's great is just the fact that if someone would provide inaccurate information, someone could immediately correct said inaccurate information.
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Thanks! I'm picking this guy: Sig updated as well!
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There was this one crackhead that posted quite frequently and that Pooya87 and TMAN sparred with a lot back then lololol. Not gonna lie — I miss the dude quite a bit. A lot of times he was saying some very outlandish stuff that end up being actually hilarious. I actually preferred reading those posts than those "how to earn merit" posts.
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Since when he was relevant ever? If there has been discussions about him on this forum is because people either shill for him or make fun of him.
To be fair, whether we like it or not, he was pretty relevant in the days of the fork wars. Not because he could overtake BTC, but the fact that having bitcoin forks(BCH and BSV) in the top 10-20 on CoinMarketCap/CoinGecko can easily confuse newbies.
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Investing in itself is a mental challenge. Like, even the best stock/asset picker can perform really badly when he/she's not mentally ready for actual 'investing' a.k.a. long-term holding. Like, even me myself — I'd be far better off financial today if I just held everything and never sold since the first time I held BTC.
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Indeed, but I wasn't able to find "pay with BTC" option, either on-chain or LN. Have you been able to find this option?
Well that's awkward; I couldn't find any BTC option as well. A bitcoin merch shop not accepting bitcoin despite the likes of BTCPay and even the monstrosity that is BitPay are readily available. Nice catch.
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I agree with that, yes. Smaller exchanges hardly have the liquidity to even keep up with the market price, especially with lesser-known pairs. So you may already be paying significantly more for the coins than you would on other exchanges. This is less important for intra-day trades, but for trades over the course of the day it can be quite noticeable.
What I would also give to consider is the withdrawal fees. Even if the trade does not cost any fees, it is possible that the withdrawal fees are significantly more expensive than with other exchanges.
And not only that — using a certain exchange just because of fee-free trades also risks you using an exchange that's a lot less reputable. I know Binance is in a very weird place right now in terms of regulation and reputation, but if I were to use a centralized exchange, it would still be Binance.
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Unless you're using the likes of Binance and ByBit where there's so much liquidity (both has fee-free trades on BTC/stablecoin pares if I remember correctly), probably skip trying to look for zero-fee trades because you're likely to pay more(or equal amounts) in losses in other platforms because of the lack of liquidity.
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The old way of conducting airdrops are pretty much dead anyway. Today, the airdrops that are likely to amount to something are conducted on platforms that are actually being used by their users (e.g. Uniswap, dYdX, 1inch, etc). Also, watch out with scams in general: https://chainsec.io/scams
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They may also want to get these coins used in a future hardfork civil war, probably after they establish the ETF and want to take control away from the crypto people and put it into the hands of the establishment via "deplatforming" BTC by removing it from exchanges and only allowing "Blackrockcoin".
I'm not totally counting this out as technically the chances of it happening are non-zero, but it's quite farfetched imo. I can imagine how much backlash they will be receiving if they decided to start a fork war and that it will be a huge hit for their reputation. Highly likely that they'll stay totally neutral and just enjoy the fees they'll be earning.
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Nansen that recently admitted that some of their customer data was leaked? Didn't know about that, but yea that sucks. In general still a very useful platform though, and just remember that exploits and databreaches like this are possible to happen to literally any platform so submit as little personal information as possible.
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I am surprised at the current love Robert Kiyosaki suddenly has for Bitcoin. He once predicted that the Bitcoin price would drop to $9,000 or even $1,100 and now he is forecasting an ATH price. I suspect that he intends to sell some of his coins so he needs to use his structure to do some publicity. It could also be that he has changed his negative perception about Bitcoin. But anything good for Bitcoin will also suit me.
If I remember correctly he was actually advocating for bitcoin for a few years now? Probably just flipped (temporarily) bearish suddenly for whatever reason. And I have the same sentiment with other people here — I definitely wouldn't make decisions off Kiyosaki's opinions. Dude wrote some successful books and immediately thinks he's some market god.
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Why does it necessarily need to be using bots? You can simply just check websites that provides crypto/defi metrics that have automatically been sorted out for you to see. You just need to know what to look at (it's subjective).
e.g. Nansen, TokenTerminal, ArkhamIntelligence, etc.
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*snip*
Pretty much this lol. People immediately jump the wagon when they see "priceless" thinking "valueless" without taking look at the context. In this case Kiyosaki is just being smart with marketing — something that could potentially stir both bulls and bears depending on the understanding; and at the same time the fact that it will grab media headlines(which it did).
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People simply underestimate how hard it is. I've had shorts in the past that I was pretty sure I was right (I was directionally right though) but end up getting burned anyway by those scam wicks. Or maybe my risk control just sucks I guess.
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