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921  Economy / Economics / Re: Worldwide Coupling Between Bitcoin and Electricity Prices on: November 06, 2023, 12:57:48 PM
the correlation will probably start appearing once the practice of expanding the power capacity of the plants to capitalize on bitcoin mining becomes a common practice around the world.

This could happen if Bitcoin adoption increases so that governments consider taking advantage of some of the wasted resources and using them in Bitcoin mining, just as happens with recycling, but this will not happen until Bitcoin is used in international trade (more than 6 trillion), and then I think that mining It will not directly affect the price due to the cost of mining Bitcoin versus its price, so the current correlation, which always appears at the bottom (usually the lowest price corresponding to the cost of mining), may disappear.
922  Economy / Economics / Re: What is the right age for financial stability? on: November 06, 2023, 11:51:39 AM
The earlier you are and start saving and learning about how to start your own business, the earlier you will reach financial freedom. One of the problems is that we learn about money after a person completes university education, meaning that he begins learning about money and investing at the age of 24, whereas if he started, even in a small way, from He is 12 years old then, and at the same age he will have 12 years of experience and will be able to reach financial freedom easily at the age of 35, which is the age at which obligations begin to increase.
923  Economy / Economics / Re: New business idea. on: November 06, 2023, 11:48:45 AM
What you are trying to say is unlikely to be an economic base or a business idea, as the forum is multinational and some countries are not agricultural, as in my country we export oil and there are rarely agricultural projects with good returns.
If the peanut oil industry is profitable, the biggest problem is the export restrictions, as being limited to the local market will not achieve good profits.
In my country, sunflower oil and olive oil are the most used, while peanut oil is rarely used.
924  Other / Meta / Re: Request for a board of made-up stories on: November 06, 2023, 10:54:39 AM
Almost all of them exploit emotion, as the popular topic Bitcoin and Me[1] continues to get attention and views. Therefore, creating such topics will make it easier for the individual to either obtain merit or donations (this is rarely the case). Therefore, as long as those who create these topics obtain merit, they will continue with them.

I also believe that such topics are created by accounts that have armies of alternative accounts, as it is easy to create replies to such topics and difficult to delete them.

[1] https://bitcointalk.org/index.php?topic=155054.0
925  Economy / Economics / Re: Worldwide Coupling Between Bitcoin and Electricity Prices on: November 05, 2023, 12:00:18 PM
Energy prices will not be fixed or uniform in all parts of the world due to the difficulty of transporting them easily from the place of generation to consumption. However, on the contrary, mining farms can move from one place to another in an easier way than transporting the energy source.
they are found at certain times, such as after floods and in places where electricity is generated from sources. Renewable and cheap. It is easier to make a profit running a mining farm than in other places where electricity prices may be high.

In other words, the average electricity price will not be closely related to the price of Bitcoin or the average cost of mining due to the huge difference in generation costs and the ease of transporting mining equipment.
926  Other / Archival / Re: I am a newbie on: November 05, 2023, 11:37:17 AM
I think that reading the book Mastering Bitcoin[1] and THE BITCOIN STANDARD[2] will give you the basic information that you will need to learn Bitcoin, and then watching the aantonop[3] channel will give you all the necessary information. Finally, you can search this link if you want more information ----> https://www.lopp.net/bitcoin-information

This information is basic and necessary for the beginning and does not require further details.

Ask here for more information or if there is anything unclear.

[1] https://github.com/bitcoinbook/bitcoinbook#chapters
[2] https://www.resistance.money/research/library/to%20be%20organised%20better/The%20Bitcoin%20Standard.pdf
[3] https://www.youtube.com/@aantonop
927  Bitcoin / Legal / Re: Events that lead to the adoption of a spot Bitcoin ETF on: November 05, 2023, 11:30:47 AM
Can you add more information, this is the first time I heard about Sunshine Act Meetings and even the link you added does not provide much data.


Therefore, yesterday there was a slight increase in Bitcoin prices. Of course, I don’t know what issues are being discussed there, but I have heard many opinions that the adoption of ETFs is close.
I don't know why there is so much enthusiasm about ETFs. We have two months to see how things will go, but until then, theories and speculation will increase greatly, and most of them may not provide useful information or real analysis, so I stopped following such news.
928  Bitcoin / Bitcoin Discussion / Re: People are too focused on history repeating itself on: November 05, 2023, 11:18:34 AM
The black swan event in 2020 was one of the events that caused the price to make a rapid correction, but the price was able to rise again due to subsequent economic policies that approved stimulus packages and it was easy to obtain loans with an interest rate close to zero, and this matter may happen again if the Federal Reserve begins to reduce interest rates initially. From the second quarter of next year.
Therefore, during the period of 2020, I think that the price dealt poorly with one event, which was the collapse of Luna more than FTX.

if things go well, history will repeat itself, but it will be closer to what happened in 2016/2017.
929  Economy / Trading Discussion / Re: What's your take on CEX platforms integrating DEX capabilities like swapping? on: November 05, 2023, 10:50:33 AM
This step is supposed to expand the features of the new hybrid platform so that it has all the features and anyone who wants any use will find it, whether he wants to use the platform with identity verification or not.
Is this what will happen? No, in fact, it will combine the disadvantages of both platforms while trying to defraud some users by giving them the ability to trade without requesting data from them. Try to stay away from such platforms, as they often search for hot words.
930  Other / Beginners & Help / Re: Bitcoin total supply, halvings and future supply left for miners on: November 05, 2023, 09:34:37 AM
I don't see a problem with buying Bitcoin, as most people will do that, but how long can you wait? Some may be able to keep Bitcoin for a year and others may be able to do so for 10 years, but the amount of profit is determined by buying at the right time and selling at the right time, and you must have the luxury of choosing the right time, otherwise you may lose your money. So investing in Bitcoin is not always profitable, but rather is governed by the simplest rules of all investments
931  Economy / Economics / Re: What is happening with Naira/dollar rate on Binance on: November 05, 2023, 09:25:55 AM
Binance p2p is not considered a representation of the exchange rate, but rather a reflection of supply and demand. Therefore, we cannot judge the decline in the exchange rate, but rather it depends on demand and supply, as I remember in Venezuela the opposite happened, as the dollar/bitcoin price was higher than the official exchange rate, so that I bought Bitcoin in the local currency and sold it. At the same moment, Bitcoin and the dollar will make a profit, so whenever you find high demand and low supply, the exchange rate will be different and may change every hour.
932  Bitcoin / Bitcoin Discussion / Re: How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving? on: November 05, 2023, 09:10:40 AM
If you think that the price will rise next April, then you should change your calculations, as you need to wait +18 months, which may mean that you will need a longer time on the train or not buy clothes, which is very bad. If you think that the price will rise next April, then you should change your calculations, as you need to wait. +18 months, which may mean you will need to spend more time on the train or not buy clothes, which is very bad.
Do not wait until the price reaches +180k, as things may change quickly, so it is better to set selling accounts at 100k and not let greed control you. Finally, instead of DCA for the coming months, it is better to buy one batch and wait.
933  Other / Meta / Re: I don't have good account security. on: November 05, 2023, 08:39:36 AM
I am new to this forum and have not learned anything yet. I don't see the account security in this forum, I opened the account and got no email notification, I logged in again and still no email notification. I think security should have been given while making this account.



As much as there are no security tools, they are good for those who want to enhance their privacy. You do not need an email to log in here, but you do need it if you want to recover your account. To secure your account, you need to prepare a strong password. Make sure that you can access the email associated with the account and sign a message with the Bitcoin address. Make sure someone else has quoted it.

There is no benefit from hacking Bitcoin accounts, so most hacker attacks are for blackmail, or using the account to join signature campaigns.
934  Economy / Exchanges / Re: Will it affect you in any way if Binance completely shuts down ? on: November 05, 2023, 08:03:33 AM
The short-term impact will be catastrophic, considering that what happened with Luna will be a spectacle compared to what will happen, and the price of Bitcoin will likely decline sharply, and most alternative currencies may be affected, and the cryptocurrencies we know may disappear, as the Trust Wallet and CMC are both for the same platform.
The long-term effect will be good in enhancing decentralization and the importance of not leaving your money on the platform.
935  Economy / Trading Discussion / Re: Are there any companys offering insurance policys for crypto exchanges ? on: November 04, 2023, 12:45:32 PM
Using centralized exchange is already a risk for everyone. But there are some exchanges that have their own emergency fund like Binance called Secure Asset Fund for Users (SAFU)
Where they have their own insurance which comes from a portion of trading fees generated by their exchange.

Since this is still centralized exchange, they are still the one who control it. Still risky.

Secure Asset Fund for Users (SAFU) has these reserves:

 - https://blockchair.com/bitcoin/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD ----> 565 M USD
 - https://etherscan.io/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa  ----> 99 M USD
 - https://bscscan.com/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa  ----> 313 M USD

Almost a billion dollars, and a third of these reserves are in the form of BNB Balance, which may be zero if binance collapses.

according to ----> https://coinmarketcap.com/exchanges/binance/ Spot Trading Volume(24h) was 7 B USD and Total assets was 70 B USD meaning that SAFU represents about 1/7th of the daily trading volume and 1/70 of Total assets.
the chance of getting your money back seems to be one dollar in every seventy dollars at best.
936  Bitcoin / Bitcoin Discussion / Re: how secure are your telling fellow wo/man about this forum and bitcoin on: November 04, 2023, 12:07:46 PM
Bitcoin in my country is in a murky place, as there are warnings from the central bank to avoid trading, so I rarely tell anyone about Bitcoin or the Bitcoin I have unless it is a close friend and then it is for advice and nothing more. If Bitcoin is legal in your country and you like to meet people, create a MEETUP in your local board and invite people to introduce themselves in your city. You can log in with an alternative account until you trust the person and tell him your main account.

Some boards, such as Collectibles[1], know more about each other because dealing with physical objects requires more personal information.

[1] https://bitcointalk.org/index.php?board=217.0;
937  Economy / Trading Discussion / Re: Pro-trend or Counter-trend? on: November 04, 2023, 12:00:09 PM
Following the trend is a good strategy if the price breaks a certain level and there is enough trading volume for the price to continue rising, but determining the exit point is the problem, as it is better to withdraw your profits as soon as they are formed, but you may have easily missed the opportunity to obtain increases of 5% to 15%. I will choose Pro-trend if the currency has good trading volume, such as Bitcoin, or an altcoin that received excellent news, such as a breakout of the support or resistance barrier.

938  Economy / Reputation / Re: Achieving a milestone is something of mind on: November 04, 2023, 11:36:07 AM
Congratulations, are you sure you wrote all these posts from your phone? I tried to try it out in my alt account, but I found it difficult to write a line, let alone write several lines. Continue to work hard, and I am sure that you will get what you want, as your participation rate compared to merit points is high, but remember that the goal in the end is not just to join signature campaigns, because I have begun to see activity for new accounts in your local board.
939  Economy / Exchanges / Re: Binance bitcoin wallet maintenance on: November 04, 2023, 11:04:44 AM
This maintenance usually takes place at a time when the platforms are witnessing the least withdrawal requests, and since the maintenance time is less than hours or around 3 hours, most customers rarely complain about it, but it is a reminder that all you have is a number in the database and not real money, and in some cases states you can't even sue them or demand compensation.
940  Economy / Exchanges / Re: Which exchange has the most easy to use app according to you ? on: November 04, 2023, 10:40:52 AM
I have not used any application before due to the difficulty of hiding your data compared to the web versions, as in the past it was possible to use Binance OKX without any problems with any VPN, but downloading an application means access to more permissions such as mic, phone and photos. This is a lot of data for international exchange.

There are many exchanges are easy to use e.g. Blockdx, Agoradesk, etc where you only need to create an account and ready to trade without KYC bullshit which could take a hour or day(s) to trade. There's also a chance they might freeze your funds whenever they want and it will take more times, again.


this is totally off-topic, What @OP wants is users' experience with the APP wallet, not nonKYC bullshit, and Blockdx does not have a mobile app.
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