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881  Bitcoin / Bitcoin Discussion / Re: Is it important to check addresses for AML before doing transactions with it? on: October 09, 2023, 04:51:59 AM
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.
882  Bitcoin / Bitcoin Discussion / Re: In Case of Global Conflict, Is BTC The Best Alternative? on: October 09, 2023, 04:48:25 AM
Look back what happened when the war started in Ukraine. If you look at a weekly chart you can see that it had no effect on bitcoin. The market which had the most effect was oil markets where oil spiked higher during that month.

Right now the indices tanked, oil pumped and crypto markets traded sideways. So most likely it won’t have a negative or positive affect if the war in Israel is long.
883  Bitcoin / Bitcoin Discussion / Re: Why won't the US government give up? on: October 09, 2023, 04:45:02 AM
The fact that they listed Coinbase on the stock market and we have a Bitcoin etf and futures is proof that they don’t want to ban it. They want it to be regulated and it’s where many are having an issue. Nobody wants too much regulation.

If it wasn’t for FTX then we would have so much bad press. However the government needs to take action so there isn’t another FTX event. Many lost their life savings and if the government did nothing then they would seem irresponsible. Hence why they are tough on crypto lately.
884  Economy / Economics / Re: What US can do with its dept? Genuine question. on: October 08, 2023, 03:59:18 AM
First thing they need to do is start to  cut down on their debt. They are making the hole more difficult to get out of. And since interest rates are high they are paying higher interest on their own debt.

Next thing they need to do is get more tax revenue, and I am not talking about blue collar workers I am talking about all the millionaires and billionaires which barely pay any taxes. There are way too many loopholes and they need to be plugged.

Another is they need to start to develop more. Find maybe another useable energy source instead of relying on foreign oil. Make more products in USA instead of overseas. It'll be tough but they can find ways to reduce it. Or at least temporarily prevent it from rising further.
885  Bitcoin / Bitcoin Discussion / Re: Bitcoin accumulation at all time high on: October 08, 2023, 03:55:57 AM
The issue with these charts is that they can still keep rising while bitcoin goes sideways or trades down. I used to study these charts alot and they are maybe good for predicting market tops (even bad at that to be honest) they are difficult to use to predict bottoms or dips.

Same with the Bitfinex LONG and Bitfinex SHORT positions. Usually during a bear market the LONGs are adding , but they keep adding and adding and adding and eventually it'll bottom but if you got in too quick following their signal you would of gotten a horrible entry. Just like the chart above, I don't find these to be good indicators at all.
886  Bitcoin / Bitcoin Discussion / Re: El Salvador launches first volcano-powered mining project on: October 08, 2023, 03:51:56 AM
Werent they suppose to make this launch a few years ago? I think during the 2021 bull market and then it got cancelled or post poned for some reason?

I guess its good that they are doing something good with the volcano energy. Shows that bitcoin can be renewable and even though the profits are small to some, they are large to a country like El Salvador. The expenses are most likely not that large since its a developing country with cheap supplies and labour. So they are on the right path. Hopefully they keep expanding their volcano mining project and make bitcoin even more decentralized. This is great to hear.
887  Economy / Speculation / Re: The crypto market has changed and I think its a sign of mass adoption on: October 07, 2023, 03:50:54 AM
I don’t think it’s mass adoption. How many of your friends are talking about bitcoin now? On wall street bets even everybody there thinks bitcoin is already dead.

This might be accumulation by the big whales but it’s not mass adoption of the retail public. That usually happens during smart bull markets when bitcoin ATH is broken and everybody rushes to buy bitcoin.
888  Economy / Speculation / Re: BitMEX founder projects $750,000 to $1 million #Bitcoin price by 2026 on: October 07, 2023, 03:48:43 AM
He did a video recently on this, it’s almost 3 hours long but it talks about the reasons why he thinks it might hit those figures. He also explains why it won’t happen right away.

The way he describes the trouble that the US government is in with all these spending deficits it makes it scary to think what might happen in the near future for the US bonds. But he basically thinks there will be a recession, then money printing and then bitcoin will rally.
889  Bitcoin / Bitcoin Discussion / Re: 9 years ago today, an epic battle played out on bitcoin exchanges. on: October 07, 2023, 03:45:58 AM
Yeah I remeber when this happened. Many people at first assumed this offer was fake and to scare the market into selling. However as price approached it looked like a real seller.

If you go on YouTube there is a video of exactly when this wall get broken and I don’t think price ever again touched $300.

890  Bitcoin / Bitcoin Discussion / Re: SEC delays decision on spot Bitcoin ETFs as Congress members urge approval on: October 07, 2023, 03:39:29 AM
Weren’t all of these delayed last Friday due to the upcoming potential US shutdown which would cause SEC to also shutdown and those etfs automatically would get approved. Hence why they delayed them all early.

Most likely if they are approved it won’t be until next year. I think blackrock has a good chance of getting approved, don’t know about the rest. There is also the chance that it might get approved early before the deadline, it doesn’t need to get approved on the very last day necessary.
891  Economy / Trading Discussion / Re: How to Cash without KYC? on: October 06, 2023, 04:17:39 AM
Since you want to sell your crypto and withdraw fiat you got pretty much no choice but to KYC.

If you don’t have lots to sell then you can either find a Bitcoin ATM somewhere in your area but expect to lose about 10% in fees alone.

Another option is P2P somewhere local. However this can be dangerous so make sure you use caution. Don’t go to any sketchy places at night. And only do business if they have feedback.
892  Bitcoin / Bitcoin Discussion / Re: Mastering Bitcoin Security: Tips, Tools, and Best Practices on: October 06, 2023, 04:13:42 AM
Yeah I never liked hardware wallets for that reason. They are considered new technology and most likely will experience some bugs. Some might not be as bad but others might lead to getting your coins lost or if a thief finds it they might be able to bypass the PIN.

Another issue like mentioned above is the closed source code. You have no idea if it’s safe or not. Just like it was pointed out where Ledger decided to extract your private seed and keep on some cloud somewhere offline. If it was open source we wouldn’t of have bothered with the wallet due to this one reason alone.
893  Bitcoin / Bitcoin Discussion / Re: Today in history: The first recorded Bitcoin exchange went live on: October 06, 2023, 04:09:50 AM
Yeah we all feel dumb not for throwing a couple bucks at this bitcoin thing back in 09. I think you could of easily got many bitcoins for free if you just mined with a standard GPU back then.

There was also a website where they gave you a free bitcoin every 24 Hours. You just needed to solve some captcha and that’s it. Basically had no value back then hence it was possible.
894  Economy / Speculation / Re: Bitcoin Up Move Incoming on: October 05, 2023, 04:08:43 AM
Those aren’t fib levels, the main fib levels are 0.382,0.50,0.618,0.768 etc. I have never seen anyone use these fib levels.

Also fib doesn’t work well for crypto I find. It might work long term such as daily or weekly but on a lower time frame than that it doesn’t work. It works best for stocks usually on the higher time frames.
895  Other / Archival / Re: Bitcoin volatility on: October 05, 2023, 04:04:07 AM
Yes it’s pretty typical to what we saw in 2019 and 2014-15 right after huge price gains. Basically whenever we had a bullish year the following year is bearish and later on in the year the volatility is gone.

People basically give up because price is not going up, even down, just trades sideways and people sell out of boredom pretty much and move on to something else. We are seeing that right now pretty much. Volatility is crazy low for crypto right now.
896  Bitcoin / Bitcoin Discussion / Re: Lessons of my experience and knowledge about Bitcoin on: October 05, 2023, 04:00:16 AM
Bitcoin twitter has been awful lately. Sorry to admit it but it got worse after Elon took over. Basically you got nothing but bots posting phishing websites and scams.

Doesn’t matter what you are trying to search for? Whether bitcoin, Ethereum, alts, defi you will get nothing but massive replies about scams which try and steal your bitcoins.
897  Economy / Trading Discussion / Re: Arbitrage trading on: October 04, 2023, 03:54:03 AM
You won’t have many opportunities with arbitrage these days. Back when crypto was newer you could arb easily with a simple bot you coded and had accounts on different exchanges but now the times have changed.

Now there are multi million dollar trading firms and market makers which have smart programmers that do all this arb trading in milliseconds. Almost impossible to do this manually or with a simple bot.
898  Economy / Trading Discussion / Re: trading purely based on luck. on: October 04, 2023, 03:51:43 AM
I think there was a popular YouTube streamer that did something similar. He would basically flip a coin and go long a big $100K or $1M position just by the coin flip. Heads was long and tails was short.

And he actually made money. I can’t remember his nickname but I remember he traded in Bybit mostly. And he had tons of followers.

899  Bitcoin / Bitcoin Discussion / Re: What is this fascination with claiming to be Satoshi Nakamoto? on: October 04, 2023, 03:45:58 AM
They do it most likely to be famous, not necessarily for Monitary gains. Since satoshi is anonymous you cannot prove you are not satoshi. Hence many people claim to be him.

Look how much fame CSW has gotten throughout the years, he was in so many magainzes and interviews because people believed he was satoshi. It’s this attention he was craving.
900  Economy / Speculation / Re: BTC Sentiment Poll for October on: October 03, 2023, 04:11:12 AM
Still nobody knows exactly why Bitcoin and Ethereum pumped yesterday.

Was it the Ethereum etf launch? Which was a big flop with no volume.

Was it Honda accepting Bitcoin to buy their vehicles? Most likely not.

Was it the bond yields rising to new highs and the inverse yield starting to reinverse pretty much and signaling a recession.

Maybe Bitcoin pumped because it looks like the treasury markets are about to take a huge dump.
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