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841  Bitcoin / Bitcoin Discussion / Re: The Role of Bitcoin in Developing counties to accelerate Growth process on: November 12, 2020, 01:45:15 PM
no it is not. bitcoin was not created to make people rich and "escape poverty". that is the fantasy of some newcomers that don't last long either because at the first sight of volatility they panic sell at a big loss and go away for good.
as a result bitcoin will not help the growth of any developing countries. but it will help a lot of individuals to reach freedom from the corrupt banking system by switching to bitcoin. in some third world countries this corruption is more palpable although it may be a lot more serious in developed countries
842  Economy / Speculation / Re: Bitcoin Whale moved $225 million worth Bitcoin on: November 12, 2020, 01:20:25 PM
you should seriously stop following these crappy sites and groups that keep blowing these transactions out of proportion. they are pretty common and nobody cares about them at all ever. but still these sites use it as clickbait to get some traffic and maybe fool one or two newbies into panic selling so that they could buy their coins cheaper.
843  Other / Beginners & Help / Re: Cuba one of the reason for bitcoin rally on: November 11, 2020, 04:54:35 PM
We all know that when Paypal announce they allow to buy and hold bitcoin, many have speculated that bitcoin price will move upward and it did,
wrong. bitcoin was already on the rise when Paypal made the announcement!

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we all know that other countries crack cryptocurrency, arresting people who use it,
wrong. 98% of the world only arrest criminals and also they aren't against cryptocurrencies at all to arrest people just for using it. you may be confusing arresting ICO scammers, tax evaders, drug dealers, money launderers,... with arresting regular people for no reason!

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regulations are the one stopping people to know about bitcoin,
wrong. if anyone wants to "know about bitcoin" all they have to do is to search about it. the only thing preventing them is their lack of interest or laziness.

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but in Cuba, there is no regulation, people are free, and allow people to buy, without restriction that is why it also help bitcoin rally
here is the source of the news:
in my experience when there is no regulations in a country about something, it means that thing is not used that much to demand regulations.
844  Economy / Economics / Re: Biden and Cryoto on: November 11, 2020, 04:21:47 PM
it doesn't matter one bit unless the president of US or any other country starts either being super positive towards bitcoin or the opposite, super negative. otherwise they are all the same.

and i am surprised that among all these talks about someone who is not even in the office yet noone mentions what Trump may do in his last days as POTUS and how he may ruin the economy as he is being booted out as the only one-term POTUS ever. and that ruin could help boost bitcoins position a lot.
845  Bitcoin / Bitcoin Discussion / Re: How to restore corrupted Bitcoin Core wallet on: November 11, 2020, 04:12:15 PM
I have old Bitcoin Core wallet.dat

since this has become a very common issue nowadays let me ask you a question first: did you find or buy this wallet file from somewhere? if that's the case you shouldn't waste your time and others.
846  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin fall to zero? Be woke with changes of No. of BTC with $ 1 million on: November 11, 2020, 02:59:09 PM
i think two different things are being confused here. falling in price and falling down to zero.

the reasons you mentioned here are for justifying the price rise of bitcoin and why the price won't go down in the long term. for example why it will never go below $10k ever again is explained here.

but falling down to zero is a very different matter. to be worth nothing requires bitcoin to have absolutely no usages anymore which can only happen in case something drastic happens like internet shutting down globally!
847  Economy / Speculation / Re: Let's discuss: How big will the next correction be? And when will it occur? on: November 11, 2020, 02:31:04 PM
given the immense growth the last few weeks,
it was a very tiny price rise actually.

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I was wondering what the community thinks about the next correction. How big will it be in your opinion. And when will it occur you think?
it already happened!
take a look at the charts my friend. price went up to $15850 and then had a correction where it fell down as low as $14800 which is a $1000 dollar correction.
and now in the past 3 days price has been slowly rising from that low to $15.5k levels again.
848  Bitcoin / Bitcoin Discussion / Re: Do you know the difference between Bitcoin and bitcoin? on: November 11, 2020, 02:25:19 PM
When we talk about Bitcoin as a blockchain, payment method, or a service, we are supposed to spell the word with an uppercase B.

i believe that we capitalize the first letter only when we want to refer to the technology or protocol (for example the Bitcoin protocol) otherwise if it is to be referred to as the payment method or the currency the lower case is used.
so technically your example "My best friend doesn't see the advantages of Bitcoin." means your friend used the protocol not bitcoin as a currency. like if he created an altcoin based on Bitcoin.
849  Economy / Speculation / Re: Could 2018 repeat itself? Price approaching 20K and high fees followed by crash on: November 09, 2020, 05:46:41 PM
i disagree with your starting point, it doesn't start after months of price rise and over a year after the accumulation. instead the repetition starts from the day the previous bubble bursts. meaning first days of 2018 when price was falling from $20k.
from that day the whole thing starts to repeat. first by the bubble pop and all the drama that brought price to $3k and all we had so far to $15k and all what we will have until $50k to $100k bubble which would be when the next cycle begins.

as for the fees, the only connection i see is when price becomes stable and fees go down. it doesn't matter if price is falling or rising. for example we saw pretty much the same fee spike when price fell $2000 and when it rose $2000 this year.
850  Economy / Speculation / Re: Biden's winning effect on the crypto market. on: November 09, 2020, 04:17:43 PM
like a lot of other things, the result of US presidential election has very little effect on bitcoin in a short time which we saw the biggest part of that small effect as the small drop below $15k before price bounced back up again.
things like this are just news that cause some excitement in the market for a day or two and then things go back to normal which is currently a bull run.
851  Economy / Speculation / Re: Bitcoin reach $20K soon? on: November 09, 2020, 03:56:39 PM
Analysts have already started predicting the next big move that could possibly push Bitcoin above its all-time high of $20,000.

people who only start talking about more rises after months of bull run and a lot of positive rises so far are not "analysts". these are the same people who start calling for low prices whenever there is a small price.
these are newbies who want to look smart and are gambling on the price, now that it is on the rise they call a higher but completely random number.
852  Bitcoin / Bitcoin Discussion / Re: Has interest in bitcoin from community increased significantly yet? on: November 09, 2020, 03:47:05 PM
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).

this chart follows the price chart for the most part. the 2017 for example has a big jump that matches the big jump of that year in price. obviously when nowadays we get more of a slower rise, we should see a smaller slope too which is mostly what we are seeing at the end of the chart for the last month or so.

with all that said, my guess is that bitcoin is not yet in the media as the "hot topic". nowadays people are mostly concerned about COVID and election (although the later ended).
853  Bitcoin / Bitcoin Technical Support / Re: 2FA Google authentication on: November 09, 2020, 03:35:26 PM
it depends on the reason why you are using 2FA (through Google Authenticator). for example for an account that you must have and there is no other ways around it (like your exchange account) it is an excellent additional security and you must have it. but for your wallet account (of custodial type), you should rethink using that wallet because your money is already not-safe since you don't control it, adding the 2FA will secure your account not your money.

Then Google will have my security code, right?
as far as i know the software does not broadcast anything unless you explicitly create a backup of your keys. so Google won't know your codes.
854  Bitcoin / Bitcoin Discussion / Re: Bitcoin Volatility Expected to Rise After the US Presidential Election on: November 05, 2020, 02:39:49 PM
bitcoins price rise and the eventual correction will coincide with the time after the US presidential election but it will have nothing to do with it. the rally started a while ago and has been getting stronger every day. as the price goes higher, there will be more people running to buy bitcoin and a lot more traders who will dump altcoins to buy bitcoin. that increases the volatility of the entire cryptocurrency market which again has nothing to do with US elections.
855  Economy / Speculation / Re: New peak: $14500. No bearish sign. Keep it up the King on: November 05, 2020, 01:26:50 PM
at this point we are very close to see a big outbreak of FOMO buyers that fill the market. considering the fact that there has been a huge number of people who have been refraining from entering the bitcoin market for a long time (due to FUD, panic, other stupid ideas) they are now ready to jump in with all the money they have been accumulating so far.
this breakout is partly the signs of that FOMO.
856  Economy / Speculation / Re: history loves repeating itself. the only question is when! on: November 05, 2020, 12:23:42 PM
It is all mind games and mental biases

I mean, how we internally foresee the future trends based on our understanding and recent dynamic. For example, if you are optimistic (maybe, overly optimistic), 20k may now feel to you as something within your grasp, so to speak. Conversely, the 5k that we still need to come over may feel like a big journey to you if are not that optimistic (let's say so). But still, we are already making second time highs, anyway you look at it, and we are certainly on track to making new historical highs

you are describing and focusing on "point of view" but point of view doesn't shape the market, the actual buys and sells do. the acts that people are committing looks optimistic because the price is rising but the reality is that demand is increasing and with it the price.
if it were otherwise price should have never gone above $4k because everyone was saying they predict drop to $1k!

everything comes down to adoption, this time the adoption that were waiting to happen after seeing a positive signal. now that they are seeing it, they are dumping their fiat fast.
857  Economy / Speculation / Re: Bitcoin Stays Above USD 13,000, Altcoins Take Hit on: November 05, 2020, 12:04:41 PM
because there is still hope for Altcoins to rise again.

historically incorrect.
each time we see an altcoin season with a ton of new shitcoins that get a lot of pumps, the next dumping season is increasingly longer. i wouldn't be surprised if altcoins continued dumping in 2021 too.

additionally with creation of so many shitcoins, they have to first die to open up room for new shitcoins to be created and pumped. again historically that has been the case. the old pumped coins are replaced with new un-pumped coins that will be pumped instead of the old ones.
858  Economy / Speculation / Re: history loves repeating itself. the only question is when! on: November 05, 2020, 09:39:37 AM
Being "similar" and repeating are different things, there could be some similar stuff but when it is repeating that usually means there is connection between one thing leading to another thing and that repeats itself all the time which means in the future when we see one thing we will assume we know what it will lead to and invest accordingly.
the trend and all the things causing the trend are the same. that is the only thing that matters.

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but that doesn't mean each halving will equal to increase in price forever,
true but as long as everything else is the same, it will lead to huge price rises. and it is not just halving. halving is a very small part of it. the biggest part is the demand for bitcoin (aka adoption) that is increasing and causes the big price rises.

Personally, I won't be surprised if we see a new ATH next week
i would be very surprised. ATH is a very different matter compared to these current rises. historically reaching ATH has been very hard because there is a ton of sell off as we get closer to it.
859  Bitcoin / Bitcoin Discussion / Re: What do you think is the biggest disadvantage of bitcoin? on: November 04, 2020, 04:51:22 PM
I agree to your point! Fiat has been used for centuries for all kind of illegal trades! Why?? It's because no other option was there! Gold biscuits and precious metals were also used for such illegal traders but they are minuscule.

actually the main reason for using fiat is that it is a lot easier to hide illegal transactions using fiat than it is to hide them on a public ledger that anybody can see with click of a button.
laundering fiat is also a lot easier than laundering cryptocurrencies.
860  Bitcoin / Bitcoin Discussion / Re: What do you think is the biggest disadvantage of bitcoin? on: November 04, 2020, 04:12:32 PM
I can agree upon that. Making block size equal with 1MB would be a nice idea back in 2012. Over time, storage becomes cheaper and cheaper. If 1 block could handle 10MBs of data (which would also mean 3,6TBs of blockchain, costing around $400 if it's ssd), we would pay a lot less.

bitcoin's blocks aren't just some video you stream or store that  you don't care about what the content is! each byte has to be verified that means you also use your CPU a lot specially during the initial synchronization.
every time a new block is found it also has to be propagated as fast as possible so that the miners can start working on the next one without wasting time.

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The conclusion is that other cryptocurrencies (like litecoin) can be used for micropayments. Bitcoin cannot, making it a more store-of-value asset like gold.
any altcoin that has copied bitcoin whether directly like LTC or indirectly only the technology like ethereum suffer from the same issue. the fact that you don't see the congested networks is either because you are not looking (eg the horrible ethereum network) or because it is not used (eg. LTC) and the day it started being used more it would have issues that are 10 times worse than bitcoin.
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