Bitcoin Forum
June 23, 2024, 10:38:28 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 471 »
881  Other / Beginners & Help / Re: What can keep me more active here? on: April 12, 2023, 11:47:12 PM
In my experience its not worth the effort to look for jobs in crypto space. They are too scarce, and you spend more time finding them than actually working. Better just find a good full time employment or build a freelance career. Then use your fiat earnings to buy Bitcoin - you will have way more Bitcoin this way than trying to earn it directly.
882  Bitcoin / Bitcoin Discussion / Re: IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO on: April 12, 2023, 11:16:06 PM
the only way i would have had an issue was if i had transfer to the wrong address.

That wouldn't be just an issue, you would permanently lose those money, unless you mistakenly sent them to someone you can contact and convince them to return the coins. With banks at least you have a very decent chance of fixing the mistake, even if it doesn't happen fast.

I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.

In my country banks provide customer support via online chats, they respond within minutes and generally can quickly fix all the common problems. Banks don't have universally bad user experience, people need to chose their banks more carefully and demand better user experience to create incentive to modernize.
883  Economy / Economics / Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff) on: April 11, 2023, 11:42:17 PM
Peter Schiff is a perma-doomer and gold bug, he will always make the same prediction no matter what. If you are telling for decades that an economic crisis is coming, than sooner or later you will be right, because they happen quite often. But also such predictions are useless, because they need to be accurate in terms of timeframe to be useful.

As for dedolarization, countries that are opposed to the US have been doing this for quite a while. Just remember that the US + EU have half of global GDP, if you add countries that have good relations with the US, you will have over 70% of world economy. Can you imagine any of them switching from US dollar?

Even now when Russia, China, and India want to build their own currency

India and China are rivals, no way India will ever be aligned with China against the US. And Brazil is pretty neutral and won't go against the US either.
884  Economy / Speculation / Re: Where next for Bitcoin: $20K or $50K? on: April 11, 2023, 11:33:59 PM
I think 20k is more likely. Bitcoin tends to reverse the direction when momentum is lost. It's still to early for the big bull run, halvening is 1 year away. If there will be no big upwards push soon, those who bought recently will start taking profits (which are quite high if they bought below $20k), this will trigger more profit taking and create panic.
885  Other / Beginners & Help / Re: What's a crypto/bitcoin scam that most people and newbies simply don't notice? on: April 11, 2023, 11:11:39 PM
People don't realize that big coins can be scams too. They think if a coin is in top 10 or top 20, it's guaranteed to not be a scam. But in reality crypto devs do not plan to actually finish their project, they just create hype, get millions of dollars from dumping their coins and move on to the next "project". Crypto is a game of a bigger fool rather than an investment in something that creates value.
886  Economy / Speculation / Re: Bitcoin breaking the biggest limit since match price push on: April 10, 2023, 11:02:43 PM
I'm wary of this recovery, the halvening and the bull run that comes after it are still far away, so the market can still reverse and have a correction. If we look at the previous cycle, Bitcoin recovered to $10-11k, which was 50% of the peak value, but then crashed again before the new cycle started. If something similar happens now, we can fall to $18k again in this year. That's if the previous pattern still holds, which might not be the case anymore.
887  Other / Beginners & Help / Re: Don't invest money you can't afford to lose out of greed. on: April 10, 2023, 10:18:23 PM

As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.

Beginners can't do their own research, they don't have the knowledge and experience to do so. In fact most people should just stay away from trading and altcoins, it's a risk that is not worth it. Owning Bitcoin and holding it for long term is already a good investment. Alts are just a trap for greedy people.
888  Bitcoin / Bitcoin Discussion / Re: Bitcoin and dollar on: April 10, 2023, 09:12:13 PM
When USD changes its value by 0.1% in short time, we can't measure this effect on Bitcoin, because Bitcoin changes its value by a much higher percentage due to its constant volatility. Same thing is happening over larger timeframes. If US dollar loses  single- or double- digit percentages over years, Bitcoin changes its value - up or down or both, by a much higher percentage. Bitcoin market is so chaotic that you can't strongly correlate it with anything.

But I believe this will change as we are getting closer to the supply limit, so halvenings will stop causing these huge bull and bear markets.
889  Economy / Economics / Re: Does People Really Care About Decentralization? on: April 09, 2023, 11:54:42 PM
Not only majority of the population doesn't care about decentralization, the same is true for crypto "enthusiasts" who also refuse to use decentralized alternatives - because they only come to crypto for making profits on speculative trading. Decentralized alternatives are objectively worse in most regards compared to centralized ones - in things like ease of use, user interface, response times, features, costs of use. Most people don't want to compromise on that for the sake of decentralization.
890  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin cover total liquidity on: April 09, 2023, 11:39:04 PM
If everyone will start switching to Bitcoim, its value will explode and satoshis will be like dollars. Since one Bitcoin is 100 million satoshis, there's more than enough satoshis to cover the global needs for units of account. Plus Lightning Network allows dividing sats further. And if the need will arise, maybe the protocol itself will further split satoshis.
891  Economy / Speculation / Re: Bitcoin price trajectory using AI on: April 08, 2023, 11:54:46 PM
GPT is just an average of human opinions across the Internet. If most commenters think that Bitcoin will go up, that will be ChatGPTs answer too. And since Bitcoin supporters are far more active than Bitcoin skeptics, it's easy to see why ChatGPT is bullish on Bitcoin.

There's nothing intelligent about this so-called artificial intelligence. Try to trade some shitcoins with AI and you'll see how fast you will go bankrupt.
892  Other / Beginners & Help / Re: Why will I always have faith in the potential of Bitcoin? on: April 08, 2023, 11:41:05 PM
To everyone who is seeking financial freedom and protection against ongoing inflation, Bitcoin is the best investment. As fiat has always been a shady currency.

Bitcoin is not a silver bullet for achieving financial freedom. If you government banned Bitcoin, you won't be able to use it to buy a house, which requires government registration, spend it legally, etc. And rich people are not relying on Bitcoin to protect their wealth, they have offshore accounts for that.

Bitcoin's anti-inflation is impossible to measure. The last 3 years saw big rise in inflation, and Bitcoin had a lot of up and down movements in this period, instead of only going up and up.

A good investment is the one that has high returns and low risks. Bitcoin has high risks and very high returns, so it's not an objectively good investment. You can't recommend Bitcoin to everyone.
893  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving only 1 year away on: April 08, 2023, 11:29:29 PM
I think with every halvening the effect on the price will be smaller and smaller, because the absolute decrease in rewards is also getting smaller. Soon 93% of all coins will be mined, so most of the scarcity is already priced in. The price is a result of supply and demand, and demand will play bigger and bigger role while supply is approaching the limit.

We already saw only 3.5 times increase between bull market peaks of the last two cycles - so maybe the next will bring only a x1.5-1.75 increase, so $100k peak of the next cycle.
894  Economy / Economics / Re: "Greedflation" has gone too far! on: April 07, 2023, 11:44:19 PM
This is very interesting, did the researchers find the cause of these anomalous profit margins? According to theory, the company that lowers the prices will have more sales and will capture larger market share. Unless all market participants conspire to keep the prices high. Is that what's happening right now?
895  Bitcoin / Bitcoin Discussion / Re: Bitcoin overshadowed by economic lie on: April 07, 2023, 11:27:09 PM
Not because that the majority of people is not aware nor exposed but because they are the victim of economic lie such disinformation towards Bitcoin through negative propaganda of Banks.

If banks were so anti-Bitcoin, they would've banned it a long time ago and lobbied the government to do so too. But none of this is happening, in fact there are many banks that try to integrate Bitcoin. Bitcoin is not a big threat to banks, because people don't use it as a currency.

We are all being feed of wrong information of economic norms by the billionaires that benefiting the current system.

Billionaires are a result of free market. Bitcoin is not against the free market, in fact the libertarian ideology that is popular among the bitcoiners would lead to even more billionaires and inequality. Billionaires will always be in profit, no matter what currency people use.
896  Bitcoin / Bitcoin Discussion / Re: No late comer in bitcoin Investment. on: April 07, 2023, 10:33:39 PM
If you are planning to invest in bitcoin and you have been thinking the price is high already, then you are wrong, I believe bitcoin price is still low and this is another great opportunity to invest in bitcoin, if you can HODL for long term then bitcoin price is still going to pump hard in the future, we shouldn’t lose another opportunity this time by not investing in bitcoin, so that you won’t endup regretting later in future why you didn’t invest now, to me bitcoin price is still low but if you are investing, you should be ready to HODL for long period of time.


Do you think people should invest in Bitcoin or any other asset because they read a forum post from a random user and their whole argument is that they simply believe that the price will go up? If you presented a logical argument why Bitcoin will go up, that could be a start of discussion. Simply stating your belief is not very interesting.

And charts don't predict prices. Markets are not driven by an objective force that will produce same outcomes from same starting positions every time. People tried to create so many Bitcoin price models, like rainbow charts or Plan B model, and they all failed.
897  Other / Beginners & Help / Re: Every Bitcoin Purchased is a Vote for Decentralization!! Poll on: April 06, 2023, 11:58:01 PM
Every Bitcoin Purchased is a vote for decentralization, now tell me have you voted this moth?


Does that mean that every bitcoin sold is a vote against decentralization? And that the outcome of the vote is close to zero, because every purchased bitcoin is also sold?

I don't think that we should look at sales and purchases in this light. Bitcoin was at its peak at $69k, now it's less than half of that - does this mean that more bitcoiners voted against decentralization? When we all know that nothing fundamentally changed from 2 years ago with Bitcoin network or community.
898  Economy / Economics / Re: Saudi Arabia and OPEC Reveal Surprise Oil Production Cut on: April 05, 2023, 11:57:21 PM
Why would anybody care? They can keep all of their oil for themselves. We now have Tesla cars thanks to Elon’s geniuses so oil is not needed anymore. I don’t understand why I keep reading these news as if I should be scared… Boo fucking hoo. No oil anymore? Not a single flying duck has given. Tell me you sand people:

Tesla hasn't even achieved significant adoption yet, and fossil fuels are used in all other forms of transportation - trains, planes, ships. What's worse, it's also used in electricity generation. It's utter madness that not only humanity is not building more nuclear reactors, but they are getting rid of the existing ones. The Chornobyl and Fukushima disasters are used as a FUD against nuclear and the image of nuclear energy became tarnished.
899  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon CEO of Chase Bank on Banking Crisis on: April 05, 2023, 10:07:44 PM
This is of course great news for BTC but not so great for the global economy.

I wouldn't be so sure. People were saying the same about inflation, and how did that play out? It seems like a negative investment climate in traditional markets also affects Bitcoin, This can be explained by Bitcoin being a high risk asset, and during hard times investors try to minimize risks and hold safe assets like cash and gold.

Also, in one year there will be the next halvening, and that can be far more important than collapse of a few small banks.
900  Economy / Economics / Re: The beginning of the end for centralized AI? on: April 04, 2023, 11:38:08 PM
Another possibility is if ChatGPT or OpenAI start getting banned in other parts of the world we can see a big rally on AI projects on the blockchain, what do you think?


Blockchain is a database. A very clunky and inefficient one.

AI is a program that first of all requires processing power. Not storage space. It makes zero sense to put "AI on blockchain", it's just technobabble.

And Italy didn't ban AI - they banned a chatbot website because it wasn't complying with Italy's privacy laws. But you can still use GPT-4 and other AIs in Italy in their other forms.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 471 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!