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921  Economy / Speculation / Re: ETF accumluation and price impact for bull run on: February 02, 2024, 06:30:20 AM
The hype would gradually die down. Accumulation would slow down. And seeing a big potential for the price to double or even more in the next year or so, investors money could only afford so much. So I guess 500,000 all in all by the end of 2025 is realistic. But for me that includes GBTC already.
Unless they do some marketing with the ETF like how they sell stocks, it's more likely for us to see more accumulation because these companies have been wanting these ETF and I don't think that they're going to lie down and take the L for the hype dying down because they've fought for this to be approved by the SEC for so long so I don't believe they'll let it fizzle out, they might even find ways to manipulate this so they can sell more ETF to their investors. That's a really high number if you ask me, 500k in 2025 seems like a dream but seeing a lot of miracle that bitcoin has showered us before, I don't think it's far fetch to see it go to that price point, the only problem is that there's bound to be a lot of people that's going to take profit when bitcoin reaches 100k and that could be a factor for it to not reach 500k by 2025.
922  Economy / Speculation / Re: Self control cannot be neglected as an early investor on: February 02, 2024, 05:52:00 AM
Don't be too hard on yourself OP, you didn't do anything wrong buying a game, you're allowed to have fun and if the net happiness in buying that game is higher compared to investing it into bitcoin then you've got more out of that game than investing and it's not like you didn't make up for it the next day. It's not also a problem of self-control OP, you being aware that what you did feels wrong is a sign that you've got the control and to be honest, if you really feel bad about buying the game, you would've done a refund or just quickly sold it to the market the next day but you've kept it so you're doing good. You don't have to put all your money in invested, it's a good thing for you to have fun too and enjoy life.
923  Bitcoin / Bitcoin Discussion / Re: Revision of High transaction fee in bitcoin. on: February 02, 2024, 05:08:49 AM
Unfortunately this is one of those issues that polarized the community. There still are a small group of people who refuse to accept that what's known as Ordinals is an attack on Bitcoin, which is why the progress on fixing the exploit this attack is abusing has been very slow and fruitless.

It is going too far to talk about bitcoin prevailing or not, just because of this attack. But you are right that this is affecting the adoption negatively.
The small group that you're talking about are people that are benefiting from all this problem with ordinals and high transaction fees, most likely they're miners and NFT people that don't have anything better to do besides leaving garbage on the network. I don't believe that it's because of this groups refusal that are causing the slow fix for this vulnerability, it's more likely that the devs can do it but they choose not to because they're probably somehow benefiting from this too because the vulnerability is already identified right? So how come they're not fixing it quickly? They probably got a long time already to fix it so what's the hold up right? I do think it affects the adoption negatively but for me, I don't think it's that big of a deal, ordinals are just like an NFT anyway, they'll eventually lose their hype and people will find new ways to get others into crypto.
924  Bitcoin / Bitcoin Discussion / Re: The Psychology of Investing in Bitcoin on: February 02, 2024, 04:04:23 AM
I've always said that a sharp rise or (especially) a sharp decline in Bitcoin is such a significant thing that it almost always causes strong emotions among Bitcoin holders. Or even if you are looking from the outside looking in at the growth of Bitcoin, which is happening without you, it is difficult for you to avoid very strong FOMO. Such strong emotions sometimes force a person to make hasty decisions. These are decisions that do not stem from his own trading system and are based, so to speak, on herd mentality or herd reflex. This is what makes a trader break discipline. In this case, it is most difficult for beginners. But over time, we develop some life hacks to look at the price rollercoaster with a calmer eye.
That's why you need to trick yourself into thinking otherwise, if you can find a way to make it so you're not FOMOing like if you're missing out, just lie to yourself that it's going to go down quickly and it will eventually go to a point where everyone will panic sell, just tell the opposite of what you're feeling at that time and you're going to get the relief from that recent panic or better yet if you want to really not feel that constant anxiety of investing in a volatile market like bitcoin, why not just do it my way of hodling: I buy bitcoin, I store it somewhere and then leave it there to be forgotten and not check the prices constantly, delete all the price checking apps and newsletters and only get my bitcoin price news here in the forum and so far I'm constantly chill with my investment no matter what's happening to the market. Also, it's a pretty big help too if you have a concrete price goal for your investment like what price you're going to sell your bitcoin investment or when you want to sell it, that way your only problem with is the temptation to sell which is easily staved off by discipline.
925  Bitcoin / Bitcoin Discussion / Re: Bitcoin Numerology +WTF on: February 02, 2024, 03:14:52 AM
Don't taint the word science on something that doesn't involve something that's remotely scientific, this is basically the same thing as astrology and alchemy, in that there's no basis to the meanings behind the results that the numbers produces, it's a matter of choosing the obvious options and common bias that's exploited by the psychology of the common people that they don't do any kind of research be it a little research or an extensive to prove that something isn't right, basically, numerology is as useful as horoscopes in that regard, people subscribe to them but they don't really affect our lives unless we want it to affect it.
926  Bitcoin / Press / Re: [2024-01-31] Time to end Craig Wright's harrasment campaign against Bitcoin devs on: February 02, 2024, 02:29:14 AM
Finally.  The whole bitcoin.org nonsense was a default judgement was meaningless.  CW needs to put up or shut up.  Given he could easily prove it if he were SN, I think it is pretty obvious that he is not.
Would this really shut him up though, I see CW as the kind of guy that wouldn't budge or even shut up until he gets what he wants, you know like a crybaby spoiled brat. Hopefully if this doesn't stop him totally at the least it will keep him out of the hair of the bitcoin developers because they shouldn't even be involved in all this claim anyway, I mean what do they have to do to prove him that he's Satoshi? If he can't even provide the needed things to prove that he is the one and only Satoshi Nakamoto then there's no point going all this way, it's funny that he's still able to go to this length just to do nothing.
927  Bitcoin / Press / Re: [2024-01-30] What Lies Ahead for Crypto Now That the Fabled Bitcoin ETF Is Here? on: February 01, 2024, 10:02:26 AM
I think it's just more growth for bitcoin this time because I do believe that with the institution now part of the bitcoin ecosystem, it only means that there's no going back for bitcoin anymore because these financial institutions aren't here just to play the hodling game, they're definitely going to want results and they're going to be demanding that no matter what, I guess that's the price we'll pay for bitcoin having institutional investors mixed into the market, only thing that we can do for now is to see if we as retail investors be able to catch up with them or maybe even get back in the market after we start selling for profit.
928  Bitcoin / Bitcoin Discussion / Re: At a range of 2years, can a Bitcoin literate invest with a borrowed fund in BTC? on: February 01, 2024, 09:19:12 AM
Investing with borrowed money === Leverage trading. Do not do it because especially with that short of a time frame, you will be liquidated. Except the liquidation does not come from an exchange who takes it out of your balance, it comes from threats, lawsuits, court cases, and so on. Two years is way too short a time frame to make any sort of profit.
Depends, if you're really good at leverage trading then you can easily do this but if you're an amateur that's hit or miss in leverage trading then definitely don't do it because you're going to regret doing that and at the same time you're going to end up having to pay for that borrowed money for a really long time because let's face it, people have a hard time delivering the borrowed money at a promised time and day.

Any possibility to go BTC $50k again within February 2024?
Sure you can believe that it will go there but the problem is that we've already at February 1st and bitcoin is still not going to where you want it to go, are you talking about the last day of the month? If so then there's a possibility that we're going to see it.
929  Bitcoin / Bitcoin Discussion / Re: My first Bitcoin on: February 01, 2024, 08:43:31 AM
I recommend you to use a hardware wallet sincerely, it is the best investment you can make to secure your bitcoins, but you must take into account what use you are going to give to the bitcoin, you are going to send currently to other addreses? or just to store bitcoin? in my experience I recommend you to use as hot wallet, Exodus, user-friedly app (remember to save the seed phrase) and in the case of cold wallet, ledger or trezor could be your options but that is based on what you want ,the design, the budget etc... just hope you the best in this btc community brother and remember never ever let your coins rest in exchanges.  
Whoa whoa, slow down with your recommendations, let OP breathe a little, as OP have said already, that they're new to bitcoin. I don't think OP needs to secure that fast when there are more cheaper options like a TrustWallet or a Blue Wallet for Android devices, he's already considering Electrum wallet so I don't think that it's necessary for OP to even consider hardware wallets especially those that have a close source. I'd say that OP should take his time and explore bitcoin and the forum to know more about the bitcoin landscape and see how OP will want to approach things in the future.

Welcome to the bitcoin market OP, enjoy your hodling journey and I do hope that you would find a lot of profits from doing that journey. My only advice to you is to learn DCA or Dollar Cost Averaging, pretty good strategy for long term bitcoin accumulation because you don't want to be not maximizing out your investing opportunities if you can help it.
930  Economy / Gambling discussion / Re: What's your multi-bet (paroli) strategy? on: February 01, 2024, 07:23:39 AM
Is it Paroli or Parlay? I've been into gambling for a while now but this is my first reading about Paroli. I checked the definition and it's not the same as what you're saying. It's not anything like multi-bet but it's like the opposite of a martingale betting strategy. You double your bet your wager wins.
That's as risky as Martingale strategy, but you're still banking on Gambler's fallacy that you'd be able to win more because you believe that you've got a winning streak and that your chances of losing is close to zero, it's kind of like trying to get more ahead than what you should be but I don't know if it's effective as it is because you're basically pulling out more money out of your pocket to supplement the doubling of the bet from your win which will only get bigger as you continue winning but it will probably end the same way, with you losing more money than you should because you've tempted fate and you thought your win streak is unstoppable. I don't think there's even a strategy in this because it's already a strategy.
931  Economy / Gambling discussion / Re: Are there Casinos that offer Birthday Bonuses to their users? on: February 01, 2024, 06:43:26 AM
Unless it's a physical casino, I wouldn't mind it but so far, I haven't seen any online casinos that are a giving that kind of bonus because birthdays are a personal info if I recall and I don't think that it's a really good idea that they know about that kind of information right? Maybe if they do KYC but I don't think that they'll ever care about that kind of bonuses anyway maybe you'd get some sort of bonus spin or gambling credit but that's not going to help you in increasing your chances of winning.
932  Economy / Gambling discussion / Re: VPN - Differences between countries where gambling is legal and not on: February 01, 2024, 06:07:12 AM
Example is that gambling is banned in China, but some Chinese are gambling online in foreign countries and also in their country. VPN is used to block the IP used. You will see some gamblers that read the ToS of a gambling site and if VPN is allowed, they might gamble on the site from countries that gambling is not legal. That is just it. This can be common to gambling sites that are not well known and not regulated.
That's also how Chinese still makes money out of gambling by using Macau as a gambling hub for a lot of people. I think that even if the country of origin of the player is from a country that bans gambling, I think that they should still be allowed because they've got the VPN and in argument, they're technically or digitally in their own country gambling so they're technically and digitally allowed to gamble and that they shouldn't be punished at all, it's kind of weird that gambling industry doesn't care about this part when this could potential bring them millions of players from another country that have a strict laws against gambling, some people out there are itching to spend thousands of dollars gambling but they just can't do it because they live in a country that's not in favor of gambling, the online gambling industry is missing out by restricting players that have VPN from playing in their online casinos.
933  Economy / Gambling discussion / Re: Gamblers trickily claims they wins the bet while they never did. on: February 01, 2024, 05:26:36 AM
Just don't believe them if they claim something absurd, we're already on the digital age, I don't think that someone will be missing out on taking a picture or a footage of the winning play so if they claim that they've won this, just ask if they've got a proof or that they've won something or that they've bet on something, usually there's a ticket or a celebratory graphics with message if you've won, you can easily press the Print Screen on your keyboard or the screenshot on your phone for the proof so that's how it's going to be. It's weird to me that people do that kind of thing where they pretend about something just to have something to talk about like dude shut up if you don't have anything to say, it's more awkward once we know you're lying because we'll never believe anything that comes out of your mouth anymore.
934  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals!|ARGENTINA & AVFC on: February 01, 2024, 03:39:06 AM
No one would win because I doubt no one would be dumb enough to be lured in by this odd. It was actually live odds and it was few minutes before full time so the score was already 2-3 by that time. Newport literally need to score 2 more goals for them to win hence the bookies put in over 100x odds on that which is close to impossible so yeah why would someone even wanna waste their dollar on this type of bet
Oh they will, don't underestimate the need of fools to go for the big wins in gambling because they'll go to that length and if the odds are that attractive, they'll try it anyway I mean what can they lose besides the money right? I'm sure that there's nothing worthy they're going to lose besides that plus they're a gamblers so they'll risk it anyway. I guess you will keep on wondering if you've never met someone that can do this kind of thing when they're betting they don't mind doing it trust me.
935  Economy / Gambling discussion / Re: If a addict lives within, which method would you choose to help them on: February 01, 2024, 03:10:28 AM
I guess, it’s better to stop them providing money for gambling. If they won’t have money to gamble, then how come they will gamble? In this manner, their addiction might decrease. Moreover you can also show them additional love and ask them to spend time with the family. Addiction won’t be gone in a single day, but if you keep him busy with other work, then definitely the addiction level will decrease and a day will come when the gambling addiction will be gone forever.
This is supposed to be the best type of intervention but the problem is that it's a bad idea to actually do it because cutting off their supply of money would lead them to desperate actions like kleptomania and at the same time make them commit crime just to get by with their addiction, for me, it's the total forcing of them to go to rehab or a forceful intervention that they can't find other way around besides complying with the intervention to get to the rehab, this is one of the times that tough love is actually a permissible thing to do to that person because they're not going to go anywhere if you just let their behavior because of their addiction towards you slide time and time again.
936  Economy / Economics / Re: Why Bitcoin is the only crypto you should BUY on: January 31, 2024, 09:45:15 AM
Besides all that you've mentioned about other crypto being bad and always being abandoned by their developers, I believe that the biggest reason for why it's always bitcoin as your only investment is because there's trust in bitcoin already and while others are still establishing it, bitcoin's already got one and it's a solid one already plus it's always a guarantee that you'll make money in bitcoin if you hodl long enough.
937  Economy / Economics / Re: Is taking a loan/debt addicted ? on: January 31, 2024, 08:59:49 AM
Taking a loan might seem addictive due to the convenience, but many folks are in it just to break free from the loan cycle. It's tough to pay off loans without a bump in income, right? Working on the side can be a game-changer.
People who get loans don't and can't really afford to find other sources of income because they either have a limited skill or network so they have a hard time finding other means of making money. Sure it's a game changer as you'd like to say but each person have difficulties. Loan cycle is a depressing thing to be trapped in but remember that it's easy to get out of it if you make some sacrifices in your lifestyle but that gets harder if you've got a family to raise.
938  Economy / Economics / Re: Leadership and Economics on: January 31, 2024, 08:31:23 AM
Bad leaders are corrupt and make bad policies, this invariably affects the life and standard of living of their citizens and it also reduces the productivity of small and medium scale businesses.

Having said that, just having a good leader alone is not enough to make your life comfortable, of course good policies would improve the standard of living and give businesses the platform to thrive, but the business owners and the citizens themselves also have to harness the resources and opportunites given to them. The fact remains that it is difficult to get a good leader these days, they are mostly corrupt and surrounded by corrupt individuals who are also part of the decision making process.
I do agree it's not enough with not just a good leader but understand that if that's the case, it's going to be a big step because a good leader has control over the stuff that needs controlling and as much as we want to underestimate the capabilities it provides, a good leader is like about 80% of life improvement if it ever happens and that's why the people that benefits from the misery of the people and bad leaders are doing all they can to make sure that no good leader ever goes up and lead the people.
939  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Gold, land which better? on: January 31, 2024, 08:04:30 AM
I love bitcoin but land is still a good investment than all the others in the choices, it's a piece of investment that you can build your house on it or create a rental property or something like that and at the same time it's a guaranteed growth even if there's a loom of a real estate bubble, there's no way that you'll lose on land. That's just me though that believes that, bitcoin's growth in 15 years is too big even for real estate so buy bitcoin and hodl but find ways to get more investments.
940  Bitcoin / Bitcoin Discussion / Re: A Beginner's Guide to the Bitcoin Halving Event on: January 31, 2024, 07:29:07 AM
The video is quite helpful for beginners. There is a little suggestion, try adding subtitles to your video, and try not to explain it with animation, you can display it like a professional
I think the animation is a nice touch, makes it appealing to more people including children and a lot of people are visual learners anyway so it's a good thing right? I do agree on the subtitles though and it can be a nice touch if OP gets more than just English for the subtitles.
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