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981  Bitcoin / Bitcoin Discussion / Re: J.P. Morgan Thinks the Big Crypto Rally Is Overdone on: November 16, 2023, 10:47:48 AM
Good. Who gives a fuck what JP Morgan says anymore. We are not their target audience, they speak for people who don't know bitcoin well. After so much flip-flopping, as Husires comments, one can't be too surprised by what they might say anymore, and it certainly doesn't influence my investment strategy in the slightest.

Some who apparently still think that such institutions are crucial to Bitcoin in any sense. Unfortunately, the world is full of such people who make their life decisions based on what some JPM analyst said or what people like Buffett and others like him think about Bitcoin. Apart from that, I guess we have convinced ourselves countless times that various so-called journalists are nothing more than ordinary mercenaries who write at the behest of those who pay them to do so.

All those who listened to various Buffetts and Dimons in the past are sure to regret it today when they see that Bitcoin is not a mirage or a rat poison squared.
982  Economy / Economics / Re: How do you work toward hodling bitcoin? on: November 16, 2023, 10:25:40 AM
~snip~
Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?
No it doesn't stop them, if they don't intend on building or expanding their business. As with the speedy growth of bitcoin, to me, it's not proper to let it slide without holding on the opportunity, which we are sure that bitcoin brings to those who hold. That's why we read and write about it, hence trying different ways of getting this right is also important. I do not regret investing bitcoin to the growth of my online business; blowing it up on ads. It's always difficult to save much when investing or building a business, which you believe would yield you more bitcoin in future. And also fetch you profits through bitcoin.

In that case, you are in a dilemma as to what brings you more profit - investing the Bitcoin you earn or just holding? Let's take an example if you invested in Bitcoin about 1 year ago when the price was just above $15 000 and if you didn't do anything with that BTC from then until today, you would have more than 100% profit in a very short period of time.

The question arises whether you could have earned more in that period if you had invested the same BTC in your business? Of course, the price of Bitcoin is volatile, but it still somewhat follows a four-year cycle, and those who invested following that pattern were already able to profit very nicely, and if they are patient, they could profit much more.

If we were to go back even further into the past, those who invested in BTC before the great bull run of 2017, and sold during the next bull run, certainly earned as much money as they would not have earned in their entire lives, unless they were among those rare people who they have revolutionary ideas and know how to monetize them.
983  Other / Beginners & Help / Re: What would you tell your younger self to learn this space efficiently? on: November 15, 2023, 03:56:13 PM
~snip~
I've bought coins since around 2019 but I do not know too much (mostly buying ada, xmr, eth, btc).

No offense, but if after almost 5 years you don't know more than you did then, do you think there is a chance that something will change in this matter or will you ask a similar question sometime in 2028? It would be logical if you learned at least some basic things, and only then invested - although it is good to have a hardware wallet, regardless of the bad reputation of that company.

Quote
What would you tell your younger self to learn this space efficiently?

I would tell myself "buy more Bitcoin" and "stay away from all altcoins" which would definitely be the two best pieces of advice I could give myself.
984  Bitcoin / Electrum / Re: Lost password for elecrum on: November 15, 2023, 12:14:08 PM
What is this 15-character one means?

I assume that the OP created his Electrum password by choosing 8 or 9 characters from a string of 15 characters, which can greatly help him recover the password, whether he tries to do it himself or with the help of professionals.

There is a wallet recovery service [I can not remember their name, hopefully someone will give the link], try them.

The only service of this type that has a very good reputation is this one -> Bitcoin Wallet Recovery Services - for forgotten wallet password
985  Other / Beginners & Help / Re: Gold vs Btc on: November 15, 2023, 11:58:48 AM
Is he Peter Schiff who is a greatest Bear against Bitcoin?

He called Bitcoin is fraud, invested in bitcoin is stupid when Bitcoin is a few dollars to $10,000 till $69,000.
He told that people should sell their bitcoin because bitcoin will fall to $0 over years.

So far, since 2009, I can officially say Peter Schiff and all of his callings are wrong. In future, will his callings against Bitcoin be true? I am seriously doubtful about that.

~snip~

I would not say that Peter is a stupid person who does not understand what he is talking about, but that he only uses Bitcoin as something that puts him in the focus of all those who persistently compare Bitcoin and gold. He is a classic gold bug suffering from some kind of modern gold rush and believes in gold like Warren Buffett believes in stocks.

As far as I remember, Peter's son did not follow in his father's footsteps and is supposedly an investor in Bitcoin, and when the two of them meet at a lunch or dinner, they certainly have a very interesting topic to talk about Smiley
986  Economy / Economics / Re: How do you work toward hodling bitcoin? on: November 15, 2023, 11:40:30 AM
~snip~

For some people, Bitcoin is simply more of a currency than a means of long-term investment, and it should not be surprising that some people mostly spend everything they somehow earn in Bitcoin, especially if we take the example of signature campaigns in which a large number of forum members actually have an additional source of income which help them to improve their standard of living.

If you have a job where your only source of income is Bitcoin, then you have to spend it to pay living expenses and there is no possibility of holding. Any other option where Bitcoin is just an additional income in addition to the already existing secure income opens up possibilities for long-term investment.

I personally don't feel sorry for any of the sats I've spent over the years, no matter what the price was then compared to today. It is simply wrong thinking that leads nowhere. Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?
987  Bitcoin / Press / Re: [2023-11-14] If you created a wallet before 2016, your money may be at risk on: November 15, 2023, 11:18:52 AM
Unbelievably large text wall to explain what could literally fit in two sentences. Online wallets were not secure 10 years ago, and they are not even today. Anyone who stores their private keys in such a way is only gambling with high odds of losing.

And what kind of website is it that supposedly checks whether a wallet is vulnerable or will become vulnerable in the future, and for this check it asks for information such as name and surname, e-mail and public key? Do not enter such information anywhere, it is only a threat to your privacy.
988  Other / Meta / Re: HOW LONG HAS YOUR ACCOUNT BEEN REGISTERED ON BITCOINTALK? on: November 15, 2023, 11:02:56 AM
~snip~
And since you want to know my account was created in the 90s before the creation of bitcoin itself.

Then you must have persuaded Satoshi to make Bitcoin, because your BTT account and all the alts you use wouldn't make sense then, would they? Roll Eyes
989  Economy / Economics / Re: Boycotting iSrAEl's product? think again. on: November 14, 2023, 03:47:35 PM
There are many organizations and people in Asia are boycotting Israel's product because they're stand with Palestine. But I see it's really wrong because they mixed up both Western brands and Israel brands as they boycotting brands like: McDonald, Fanta, Garnier, Nestea, Starbucks etc. I'm not sure what's their reason to do that, but I take McDonald as the example, they boycotting McDonald because McDonald's franchise in Israel is supporting Israel.

Maybe people think in a different way that you didn't take into account, which is that some of the companies you listed are actually US companies, and it is well known to everyone that the US is the biggest ally of Israel, whose weapons actually kill innocent civilians.

Think smarter, don't ruin the economy in your country because of sUppOrTInG PaLEStinE by doing that.

Actually, what kind of country is it that depends on how many hamburgers or sodas some company will sell? From a health perspective, it would be better if there were no fast food chains or carbonated drinks, so if someone in support of the civilians in Palestine stops buying such food and drinks, it will do good for their health. In addition, the people who work as ordinary workers in all these companies are certainly not happy with their jobs and their salaries.



My personal position is that I will never support anyone who kills civilians in such a reckless and barbaric way, whether it is Hamas, Israel or Russia - a crime is a crime and there is no need to look for justifications for why someone did it.

990  Bitcoin / Bitcoin Discussion / Re: Bitcoin forging ahead Demonstrates Resilience in the Wake of FTX’s Downfall on: November 14, 2023, 03:23:41 PM
~snip~
Well well well... I cannot say I am surprised Roll Eyes

I'm more surprised that even after my post, members like @Majestic-milf and @lombok still have no problem discussing with AI chat bot - does that mean they are bots too? Of course they're not, they're just one of those who don't read anything more than the title and fulfill their daily signature quota Angry
991  Bitcoin / Bitcoin Discussion / Re: Bitcoin forging ahead Demonstrates Resilience in the Wake of FTX’s Downfall on: November 14, 2023, 10:07:38 AM
Does anyone think the OP wrote that post? It seems to me that it is the work of AI, and after one check I got a result that says that the post "This text is likely to be a mix of human and AI text".

The source the OP used to paraphrase and then spice things up a bit with AI -> https://www.tradingview.com/news/zycrypto:250a9c015094b:0-bitcoin-is-ready-to-move-on-from-ftx-s-collapse-proving-its-resilience-in-the-face-of-adversity/
992  Bitcoin / Bitcoin Discussion / Re: Bitcoin OGs, Can We Please Practice What we Preach? on: November 14, 2023, 09:54:16 AM
This is not a church or a sect that someone preaches here, this is a forum where Bitcoin, other cryptocurrencies and some other things are discussed. You may be speaking for yourself, but anyone who understands what Bitcoin actually is has long understood what "not your keys, not your coins" means.

Lolz.
Read in-between the lines and understand what I meant by what I said, the phrase "not practice of what we preach" is more like an idiomatic expression, which simply means, to not do for ourselves, what we advice others to do, am I supposed to even explain what this means to you?
I thought you should know, but anyways, let that be.


I don't need to read between the lines to understand what you are talking about, but if you use some words like "preach" then you are implying that we are doing exactly that here, and Bitcoin is a technological invention, not some religious community where someone preaches anything. In addition, I have already written that such stories are completely pointless considering that Bitcoin does not exist since yesterday and what you wrote has been written countless times, only with the difference that you are building a story around a character who does not seem too convincing with his story.



I think he is a liar.
Or stupid as fuck. If you have only 25 btc and store it the way he did he deserves to lose out for being that stupid.
To not have five coins in five different accounts is an act of arrogance that deserves the punishment he got.
Or he is lying.


It wouldn't be the first time that such things come to people's minds, and then someone sympathizes with them and sends them a nice donation. If something like that happened to me, I certainly wouldn't record a video and post it on social networks, because I wouldn't want people to recognize me on the street as an incompetent fool who lost millions of dollars.

In addition, he may not even be aware that he is harming himself in the long term, because today's employers check their future employees online, and such things do not bring anything positive in the eyes of most employers.
993  Bitcoin / Hardware wallets / Re: Fuck you ledger on: November 14, 2023, 09:30:11 AM
@m2017, My version is a bit newer (above 2.50), so maybe that's why it still works, but yours is obviously too old and can't be synchronized, considering that Ledger made some significant changes on its end and that old version no longer works. However, as far as I know, it is possible to manually install older versions of LL, and that could be a way to get a functional LL even without installing the latest version.

https://www.ledger.com/ledger-live/lld-signatures
994  Bitcoin / Hardware wallets / Re: Fuck you ledger on: November 13, 2023, 04:00:53 PM
@m2017, what exact version of LL do you have? I also have a very old version and I don't have a problem with synchronization (so far), so maybe you should check that maybe your antivirus or firewall doesn't block internet access to LL. It also occurs to me that Ledger may be blocking users gradually so as not to cause panic, and considering their dirty tactics, that would not be a surprise at all.
995  Economy / Exchanges / Re: Poloniex hacked, $100M+ stolen on: November 13, 2023, 03:34:37 PM
~snip~
Yep. According to him, hackers gave back money stolen from HTX but since there is no way to prove and he is known bullshitter, I tend not to believe him. Who the hells what is going over there.


Something definitely stinks in all this, and I would say that some suspicious games are involved, and I wouldn't be surprised if it were some money laundering schemes. Fortunately for all of us, news like this no longer has the same impact on the market as it did in the past.



That just tells you how relevant Poloniex is at the moment. With that being said, I don't think that any exchanges getting hacked other than Coinbase and Binance would affect the market, and it would have to be a big amount of money stolen.

If we take into account that those CEXs you mention supposedly keep 98% of all funds in cold wallets (at least that's what they claimed from Coinbase), then theoretically their hacking shouldn't shake the market too much. Of course, the catch is that most of those who keep their coins on those CEXs have no idea what is a hot and what is a cold wallet - and if they heard about a hack, they would panic as if the world had come to an end.
996  Economy / Exchanges / Re: Coinbase delisting BSV :) on: November 13, 2023, 11:35:48 AM
Agreed. However, why did exchanges list this BSV? It is head shaking because everyone knew already that it is a scam. The listing might have given it an appearance that it was being supported in the community. This is how scams trick people. If it is listed in reputable exchanges then it might not be a scam type of attitude.

Do you think that the people behind all those CEXs have a moral compass at all? Their only mission is to make as much profit as possible and they don't choose the way to achieve it, even if it means that at some point they will support any BTC fork, be it BCH or BSV, or one that may appear in future (say BRB - BlackRock Bitcoin).

We have to accept once and for all that CEXs do not exist to help Bitcoin (although they have an influence), but they are companies that only provide cryptocurrency trading services regardless of what the coins/tokens are called or their purpose of existence. What I want to say is that regardless of whether they know (or assume) that some token/coin is a scam, they still agree to list it because they are probably paid very well for it, and in addition they will make a profit as long as clients trade with it.
997  Economy / Economics / Re: Swiss Franc become a new Cryptocurrency ;D on: November 13, 2023, 10:54:45 AM
I want to say that in some countries financial literacy is much higher than in others, and this combined with favorable regulation creates a positive environment in which people are not afraid to invest in Bitcoin as in some other countries in Europe where the central banks practically call it a fraud.
Yep it's correct, I forgot to think about the financial status.
Some people who're in third world or don't have a lot money also buy cryptocurrency, but mostly it's not Bitcoin because their reason to buy it to make profit in short time.


It is not only some third world countries that are the reason why so much money is poured into the "altcoins drain", because people from the richest countries in the world also invest in it. The fact is that everyone does it because they want to earn a lot with as little investment as possible, without taking into account how much money they actually spend in total.

I already wrote it before, but to me it seems like ordinary gambling where you put $1 into a slot machine and hope that you will win the jackpot. In their place, I would rather pay the lottery ticket and in case I hit a winning combination, I would have money for the rest of my life(considering how much winnings are on the lotto in the EU).
998  Other / Beginners & Help / Re: How do you securely manage and store your Bitcoin wallets? on: November 13, 2023, 10:22:29 AM
As a newbie to the crypto space I will like to ask this
~snip~

You are not a beginner, but very likely an alt account and this is a very poor attempt to fish merit - but you reminded me well to leave you feedback Angry

I understand that the population of Edo State is estimated at over 4.7 million [1], but damn, this is such a coincidence:

Username: cantsay
Gender: male
State of resident : Edo state
Skills: graphics design, web developer

Username: Dextro1
Gender: male
Country/state of origin: Nigeria/Edo State
Skill: Graphic Designer

Another almost identical case, involving another Nigerian: Usasauki2004
https://bitcointalk.org/index.php?topic=5469050.msg62938877#msg62938877

All things considered, I'd say either work buddies or an alt accounts.
~snip~
999  Bitcoin / Bitcoin Discussion / Re: Bitcoin adaption in Turkey on: November 13, 2023, 10:08:56 AM
Time to move to Turkiye I guess lol.
Kidding aside, I don't blame your country for having a cloudy vision of what bitcoin is, hence the banning and the illegalization.
~snip~


Before you move to some promised "crypto country", I would advise you to learn to read with understanding, because then you might understand what someone wrote. OP is not from Türkiye at all, and I think that is more than clear.

Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.



It's fascinating to see how people react to the word "adaptation" and consider a country desirable because it has a physical crypto exchange, without even asking what the fee is for buying/selling cryptocurrencies in such exchanges. If they paid 5% or more fees, they would quickly stop liking that adaptation.
1000  Bitcoin / Bitcoin Discussion / Re: Personal data of 300K users, provided at BTC ATMs, allegedly in hacker's hands on: November 13, 2023, 09:53:33 AM
This looks like a leak of the Ledger database, only with the difference that the images of ATMs users are also included here. If we take into account that ATMs are usually the most expensive way of selling/buying cryptocurrencies, I wonder why all these users agreed to such KYC and did not use some CEX where they should still do KYC, but the fees would be many times less?

Also, considering that the company behind everything went bankrupt, is it possible that they (or one of their employees) actually sold that database?
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