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I have been saying it since a long time, Even if bitcoin drops below 10k usd it will recover back in a year easily but looking at the market now it's rare if bitcoin drop below 30k.
Bitcoin's popularity is only going to rise and children in schools, universities will know about it and will be curious to pay in bitcoin thus raising the bitcoin's users and market cap, thus higher price.
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40% of all Bitcoins are owned by just 1000 individuals.
This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.
This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.
Is there any way to deal with the high degree of centralisation that Bitcoin has?
It gives them the advantage for sure, but without manipulating the mainstream media they will not be able to do much, People will start to notice their pattern because most of the people do the same thing again and this world lack intuitive people so they will need people to do mass manipulation into market, Pump and dump schemes , FOMOs , etc. |
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Whats more to do, just hold what is available with you. The growth chart clearly shows how the market price have moved gradually and has profited the users who kept hold of it without falling for negative news and FUD, FOMO, etc. The market need to be trusted, and if you're with good learning then you could give a try on regular trading practice. This will help you increase the cryptocurrency portfolio. This is what I did earlier when I had good sum of cryptocurrencies investment.
When you see negatives about bitcoin or FUD regarding it in News, Paper or any other sort of media then remember that someone's trying to make the majority sell their crypto currencies which will reduce the price so they can buy them at a cheaper price. |
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I've never paid anything using bitcoin, and I don't really want to exchange and buy anything using bitcoin, even I find it difficult to make payments in my country using crypto, because the government still prohibits buying goods using crypto.
There are some countries that still placed bans on cryptocurrencies, China dominates that territory at the moment. Even in Bangladesh, a guy told a story of their friend where they got ripped in a P2P scam by sending them money from the bank of someone else's. |
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It seems to me that it would be safer (and more convenient) to keep your crypto on an exchange (coinbase, blockfi etc) than cold wallet. Wouldn't the odds be greater that you mess up your cold storage than a large exchange being hacked or whatever (even if they are hacked, that wouldn't necessarily mean you would lose any coins, whereas if you are hacked that's a different story). I ordered a ledger nano X but it seems that the exchanges are still the way to go based on probabilities. What are your thoughts?
I'd say if you're planning to keep the bitcoins for the long term then store them into cold storage private key rather than coinbase. In past coinbase blocked me from accessing my account because i used my coinbase wallet to deposit into a gambling website so you can't be certain what might happen. |
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economically bitcoin helps improve the economic condition of my family, and scientifically, bitcoin tells me about various powerful financial technologies that I don't know yet. Thanks to Bitcoin it's just that, sometimes some people don't want to accept bitcoin because of its high price volatility,
Volatility is indeed a consideration for all people who carry out economic activity, both sellers and buyers and even intermediaries also consider this. when you have a currency with high volatility, then you will be exposed to the risk of fluctuations in assets beyond our control no one likes when the assets held suddenly depreciate, this is very annoying Indeed Bitcoin is going to be volatile until and unless the majority of traders are whales where a few doesn't control the cap of the market and psychology of the bitcoin and other cryptos. |
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Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news, and were into discussion around the social media platforms. Majority of the huge company CEO's own crypto. This is a big thing and an indication of growth of cryptocurrency network. Source : The VergeThis is going to get more and more interesting when other industries make their move into crypto and the users of their tech follow them. All it takes is a reputable person to get into something and others below him to follow him. |
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I was going to post some proofs that we're definitely being controlled by ETs but I'm too lazy to even care anymore to explain to people.
In short, this whole reality is Vibrations... Your Body is material that is made of Atoms but your SOUL isn't
You gotta think of it as an ocean where one drop would like to be different. ET's is for when it becomes self evident. Did you know Americans tried to Bomb the MOON but it the missile didn't reach moon and was deactivated by some unknown entity. If you want to know the secrets of the universe then go inside and free your soul. Move inside your body before you can in the universe. Also, the speed of light isn't the fastest speed. If UFOs are real then they travel faster than the speed of light to warp into different galaxies in a moment.. The USA tried and tries the hide the existence of UFOs because there are different types of aliens. Don't you think Aliens also like to play games out of boredom, what's better than toying with humans? Also, search for "1$ Note with alien" you'll see what picture i'm painting. |
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I was going to post some proofs that we're definitely being controlled by ETs but I'm too lazy to even care anymore to explain to people.
In short, this whole reality is Vibrations... Your Body is material that is made of Atoms but your SOUL isn't
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I'm waiting for bitcoin to go somewhere around 48-50k USD.
After that happens I will buy a chunk of bitcoins when it's around that price range, For me, it's quite high at the moment.
I happen to sell bitcoins back when it was around 45k USD, was in need of money and now i think i shouldn't have had sold all.
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Really?
I don't think so. The energy issue will be solved in the future and bitcoin is not the only crypto currency in the market.
There are PoS (Proof of work) crypto currencies that solve this problem of yours.
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I prefer Ledger wallet.
It's also much better to have cold storage wallet that hasn't been linked to the internet and print the private key of that wallet || address.
into a paper and storing that paper somewhere safe where no one will access it except you.
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No doubt it's in favor of gambling companies in Germany.
But it doesn't prevent the victims especially the underaged that get into gambling and losing their earnings in a casino that charges a 10% house edge.
I'm not against them but what I've seen is people start gambling for fun and start to think of it as their earning source, especially under the 20s.
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I live in a Christian Country where people believe in God, goes to church ang always pray but crime rate is still high. Why? I think because of the extensive poverty that some people resort to robbery and killings plus the alcohol and drug related crimes. I have seen the priest and pastors doing their duties and responsibilities teaching the Gospel, visiting the prison and doing bible studies and all other missionary works but still humans have freewill and judgement. While I think religion can help creating ethical framework and a regulator for values in a day to day life but it is still enough to fight or reduce crimes and violence.
In some cases, religion enables and encourages discrimination and crimes against some people. Religion can also be a good way to protect knowledge only if the people who're managing the books of those religious books are good and want the good of others. Otherwise, they can misinterpret the lines written inside the books and make the sheep follow what servers them. The second reason is what I think is going on. |
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So it's basically like playing dice at two different crypto casinos ? It kind of reminds me of the roulette tables from Evolution where they'd have this lobby with 12 roulette tables playing at the same time.
As what the others mentioned why not share the article you've read. From my view independent dicing seems like a dice site with several players throwing dice all at once and getting different results (common, uncommon, rare, etc).
Yea I've seen that roulette table game from Evolution. Independent dicing in my view is a game like primedice or other dice games where a player has his own independent hash and bets against the casino. Whereas dependent dicing seems to be what you're saying. |
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Why not?
There are already games on Facebook or used to (haven't checked since 1 yr) that accept BTC and allow its users to place bets on the game.
Even if Facebook doesn't accept gambling now then it will at some point. Metaverse isn't going to be regulated by the government in the beginning.
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It's not only that people opting out of promotional emails of gambling casinos, but there had been casinos that closed their prior gambling website and made a new one,
Then sent emails to the users that were registered on the prior website and those users didn't register on the new website yet.
I'm not sure if i can find the thread of that website here.
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Which casino you think should be included in the list in the future?? Did you ever try and gamble there? I was not aware of these awards and I do believe these are an amazing way to show the appreciation and to show the responsibility that a casino might take to go beyond for it's users.
Well, the gambling casinos that own a license don't necessarily mean they will not scam or be immune to douchebaggery. One thing is that those casinos will have some form of protection for the users who play on those casinos. If the user has been created by such a casino then they can go use the justice court of the country that casino's license is registered in. |
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Things had been really for Venezuelans before bitcoin came and even after bitcoin was accepted into the country.
If I'm not wrong then there's going to be a cryptocurrency with the GOLD reserve in IRAQ that will be used worldwide but has faced many oppositions by US
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This is about the Tang Ping movement in China and the effects of motivation in the economy. China, with their tracking of "good citizens" behaviour, is including things like boycotts to certain brands or certain uses of games and technology. The Tang Ping document means literally "lay down", and is a call to reject the massive pressure from the state, low wages and poor conditions.
China may be taking it too far.
Their "Good citizens" are those who obey the country's power without any objection and are sheepy. In any case, it's hard to go against their dictatorship which is still a possibility that some do. China's Social Credit system will ruin everything for the people who want free will and they will be forced to leave the country as cryptocurrency miners did. |
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