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The Evergrande and Country Garden are no different than the FTX blowup or the 2008 GFC due to the housing market. If it wasn’t for leverage, everybody would of been fine.
But they got greedy and it’s what got them in the end. It’s not only these 2 China developers. Look at how many people are buying real estate to be landlords using money that really isn’t theirs. They basically have properties which have inflated values and use that equity to buy more properties and those properties will have equity and they will buy more and more. Eventually it will all collapse.
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One thing you need to understand about his prediction is that he predicts that there will be some massive event and lead to more money printing. So $1 in 2026 is maybe worth $2-3 today. So if there is massive printing and bitcoin hits $250,000 or so it’s basically same price as the top in 2021 if you account for inflation.
He is predicting a big financial crash and hence why many assets like gold, stocks, real estate will spike because the dollar will be useless.
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I wouldn’t use any password managers. There was a leak a few years back, I think it was called Lastpass. Don’t rely on them.
Just put it somewhere safe like your bank security box or hide it somewhere in your home. If you are worried about a fire you can buy some seed stems and you can have it in metal that will withstand fire. Or you can take some pipe and just bang it in there with some letter stencils.
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There are both pros and cons for this.
One of the pros is that there will be more liquidity for bitcoin which is what it needs right now. Go and look on a M5 chart right now and look at all those spikes you are seeing, also look at all the BARTS on the hourly charts. This is happening because the liquidity is very poor for bitcoin at the moment. With an ETF being approved there will be more market making and more liquidity.
The cons as you mentioned is that is will end up being more centralized to the top 1% which is not what we wanted. Basically happen pretty much in ETH right now how they went the POS route. So i agree with him on those points.
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Yeah I also read the 1% and I assumed this would of been a negative article towards lightning network. No idea why some countries use . Instead of the , symbol to mean it’s a number in the thousands or millions.
I think the reason why the usage is up is due to the higher fees and the fact that many exchanges finally added lightning network. Years ago almost no exchanged used it because fees went down and it wasn’t really needed at the time.
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Are you referring to Satoshi on twitter? That’s not really him it’s Craig Wright. He ended up purchasing that account and as far as I know the real satoshi never used twitter.
A few days back he posted some message which was pretty much written backwards. Very easy to decipher. No idea why. However with activity like this I am fairly sure it’s not the real satoshi.
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I witnessed all of them except the first one. In many cities there was some halving parties and I usually waited and watched when the block was found. I would then check and see the block reward if it actually decreased.
You gotta becareful with miners however. Many sell their mining equipment right before the halving and it tricks some new people because all of a sudden their profitability decreased by half over night pretty much.
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I must be blind because I checked the chart, at least on the hourly and I don’t see any 10% pumps. All I see is a nasty crash on the 9th. When was this exactly?
Elon barely posts anything about Doge anymore and when he does the pumps are less and less effective. And they almost always fade. I think like 80% whenever he pumped Doge they shortly faded right after.
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Satoshi's last post was something like “bitcoin is in good hands now”. And he left. Meaning that he knew the community would take over the development and research for bitcoin.
Segwit was basically an idea brought by the community and it was implemented years after his departure. This is no different than Apple surviving without Steve Jobs.
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If you read the SBF trial today then Caroline Edison made it clear that they were insolvent for basically entire 2022. She actually was finally happy when the exchange imploded because her guilty conscience went away because she was dreading the Ftx massive withdraws for the entire year.
This is proof why exchanges need to be regulated. Because you never know what goes on behind the scenes. Everyone trusted FTX but turns out they were the biggest scam of the century pretty much.
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I don’t want to click the link but I am assuming if it’s already solved then he wants to maybe claim the bitcoin fork coins like bitcoin cash and BSV. Most likely someone solved the puzzle took the 10 BTC and forgot about the BTC forks.
BSV is like $30 and BCH is $200 so for 10 of those it’s like $2300. So paying someone $50 to get $2300 is a great deal.
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Pretty sure if you are going to be funding from a bank account in any way you need to KYC, there is no way around this. It’s mostly for the exchanges protection so some thieves don’t end up using someone else’s bank account to buy crypto and then withdraw this crypto.
If you want non KYC then use a bitcoin atm or just do p2p. However this will be difficult if you want to do large sums but there are no other ways around this unfortunately.
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Honestly you can try and buy some corporate bonds those will be more than 5% however you need to realize there is a chance the bonds can default if the company goes bankrupt. Buy corp bonds from companies which have a good balance sheet.
Investing in anything crypto related is a huge risk. Sure you can get 100% gains but by investing in the wrong alt you can lose 99% of your money. Back in the day you could of made a decent % just by lending out stablecoins but the good premium is no more.
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Yeah you gotta becareful with different algos because some use more power than others. The biggest issue is whether your PSU can handle it and also depending on how you have your risers powered.
If you are using those SATA connectors to power your riser and you start to mine a more power intensive coin, you might end up melting those connectors even though they were previously fine. Right now profitability is in the toilet. You can switch algos and coins but in the end your profits will more or less be the same.
The fact that you got those 100 RX 470 GPUS for free is proof that mining is dead.
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When it comes to technical analysis, I find the BTC pairs to be very unreliable. Maybe if its an important pair and its about to hit an important psychological number such as 0.10 on ETHBTC but the majority of people do technical analysis on the fiat pairs.
Why do they have it? Well if you don't want to trade fiat pairs you will save yourself the spread and commissions. Say you mine ETH but want to keep BTC. Without BTC pairs you would need to sell BTCUSD and then buy ETHUSD but you can do it directly instead.
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I am also curious about "proof" when I tried to file a claim, there's a part where you need to provide some proof (I don't know what proof is this) like maybe proof of your balance in the FTX Exchange before? Because they already have a way to do it, like right now you can see your balances in the FTX Claim website which is connected from Kroll also.
There was no proof to file. After you were forwarded to that Kroll website, it listed your total balance and then listed your coin/token balance. This balance was correct because I took a screenshot right before they went offline back in November and everything lines up. Just submit that long document and it should confirm you got your claim in. KYC doesn't need to be approved to submit the claim. I don't know even if you need a fully verified KYC right now since they are slow to verify and approve and it'll be a long time before we actually get anything back. |
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Yes there needs to be some form of regulation. If there isn't then you got exchanges like MtGox, FTX, Gemini Earn where people put their entire life savings in and end up with nothing. What happened with FTX should of never happened but it did because there was no regulation.
I am watching their trial and they basically had fake money running the exchange for many years and they got away with it because there was no authority who could verify any of their financial obligations. Hence for mass adoption there needs to be some regulations in play so people aren't afriad of making a deposit and worry about getting all their money stolen.
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Maybe in a commercial setting people sometimes use standing desks however I am pretty sure with most retail traders, they just use a regular desk and sit. Especially since its located inside their home and they might want to watch a movie and doing that while standing would be uncomfortable.
Last time I went to IKEA they had a desk which basically had a height setting and you could adjust the height. So it can be standing and sitting just by moving the lever. These aren't that expensive and its a better solution than getting a standing desk which you might get tired off after a few weeks and then have to buy another desk.
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I don't know if its just me but it seems we have a DCA thread created once every few weeks in the Bitcoin talk discussion.
Yes in general its best to DCA because that way you don't end up getting a bad fill if the price keeps dipping. Sure its not fool proof because you might end up missing out on buying at a low price during a strong bull market and the same is try if you DCA to sell, if you sell during a bear market then you will get bad fills.
However in a sideways market such as now then DCA makes the most sense, just don't DCA during extreme bull and extreme bear periods.
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If you’re unsure or you’re having doubts from where the coin will be sent then the best thing to do is to basically use a new bitcoin address and then possibly try to mix this coin on a mixer and from there you can exchange it any exchange. Although there are some exchanges that do place restrictions on coins received from mixers because some of them could be tainted. This way even if a coin is tainted and wants to be traced it will be hard to trace it direct back to you because that particular bitcoin address that received the coin was the only thing linking it to you so without actually reusing it or consolidating your UTXO together with other addresses it can be traced to be yours
This is not smart. Most likely the coins where they receive are not tainted. But if you use a mixer then there is a great chance your exchange account will be frozen because they will suspect you are doing something fishy. There isn’t too much illegal or money laundering going around in crypto, especially in small amounts. If you receive $100 in crypto from someone, it’s most likely legit. If you send thru a mixer then most likely the exchange will ask questions. |
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