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1  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 16, 2024, 04:46:19 AM
There is "Pushers" which is how many people reporting, 37.  Then there is the "total pusher per day day" as you call it, which I believe you are referring to the "Pushups/Pusher per day" column amount which is the average of how many pushups we all are doing per day =  106.55 * 35.7297 average days per pusher = 140859.
Oh now I understand
I considered this / as slash and not per before.
We never did the questions again, I believe that could help to like add some spice to the thread.
Hopefully you don't hate spicy food that much  Grin

Quote
I usually do a faster pushups when am still far from my targeted number of pushups but when am getting closer to my total expected number I make it slower
I missed this feeling especially the contractions and sweat after a nice work out. It's Macho.
My health has gotten a little better to start working out but don't wanna push it now.
2  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 15, 2024, 09:44:43 PM
You don’t invest with spare money, it sound as a disrespect or lack of trust from my view cause when referring something as spare it’s considered as a leftover or not so important but rather you invest with your satisfied amount for example, each time I receive my monthly pay I make sure bitcoin budget is involve cause bitcoin investment is so valuable so I can’t afford to miss the date set for accumulating sometimes I use my monthly bonus to accumulate cause I know I can hold for long and still plan ahead, if you’re referring your accumulating money as a spare amount you’re actually trying to say you can miss the date set cause what if there’s no spare money during that month.
I think JJG has already explained this. It's like discretionary income
The leftovers after basic needs are catered for.
The essence of using such money is to prevent emotions been swayed by the market movement or manipulation that would lead to selling in a loss.
Holding is easy to say but harder to implement
Many can't even hold in a bullish market not to mention a bearish one.
But investing a money you can do without can help mitigate this to some extent.

That is not actually the right way to go about it because
Quote
there is no way you could advise someone who is earning low to invest on a daily basis that's actually an over investment because let's take for instance he is earning $150 on a monthly basis and you advise him to invest daily and maybe he uses $5 as his accumulation amount on the daily basis and in a month we have 30 days depending on the particular month so perhaps $5*30=$150 he will spent per month which is his salary per month and that means he will be investing 100% of his monthly salary
I never said daily
I said spread across the days of a month.
And even daily is possible for a low income earner.Binance uses a convert function that allows the buying of $0.01Usdt of Bitcoin if am not mistaken
That's $0.3 a month which is nothing
So it's quite possible.

Quote
Poor people may well never get ahead if they are fucking around too much with trading and gambling rather than establishing more of a building kind of an approach and also an approach that has measured practicalities
They usually believe in get rich schemes so that's one thing that hold them back.
This is also why they usually fall to scams and MMM.
They usually impatient of their situation that they want to get out quick.
I guess it just take seizing a good opportunity to leave your current social status. 
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2024, 04:31:30 PM
Wow gone for a bathroom break and Bitcoin already $65K
Be a one way ticket and keep flying
We just starting.
Not shy to say I really love Bitcoin.
4  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 15, 2024, 08:34:27 AM

I'm not sure you saw my previous question
I found out that the total pusher per day day is higher than the total pusher
Idk if it's an error or there's something I don't understand. Thanks

Quote
100k,JayJuanGee,100,20000,2024-05-15
Zero is one heck of a beautiful supporting number
Might not mean much as the first number but is always the first after a benchmark.
Congratulations on hitting 100 days.
I guess i still have 81 days to go Cry
5  Economy / Speculation / Re: Is "Sell in May" really a good idea (in the case of Bitcoin)? on: May 15, 2024, 08:26:01 AM
One thing that is true is that there is less growth because many people just go on vacation instead of trading. There is less liquidity and less movement and what happens is that stocks usually just trade sideways like bitcoin does in August like in your graph.
Ah yes, the "vacation theory". I should have mentioned it explicitly in the OP.

But there's one thing I don't understand: If there are less traders, then the order books should be normally less thick. This should make it easier both for bears and bulls to try to break through resistances and supports to trigger liquidations, and actually rise volatility.



Volume is not the only thing that moves prices when volume is low or close to constant other factors starts gaining prominence like a lot not excluding  news,Market sentiment etc.
The market is already used to the September effect and many would want to close their position before September.

Quote
why just September is so negative for the Bitcoin price, because in September those going to vacations in the Northern Hemisphere are mostly back, if the "vacation theory" is the explanation for the "sideways August". This would mean they come back ... and sell?
Yeah which is similar to the "sell in May and go away" which sprangs through summer
But the vacation theory is not the only reason people believe Bitcoin fall during September like bad news are believed to be released during Septembers
Schools usually start during this periods and let's not forget the financial crisis occurred in September
Maybe this has played a role but still the September effect has been going on way before the 2000's.

Nice data, despite historically proven correct on an average shouldn't be a basis for taking decision
I believe they can help though.
Like I personally observed patterns like this in days with Bitcoin.
Monday positive, Tuesday -wednessday evening negative, Wednessday night -friday positive, Saturday -unstable, Sunday -negative till night, and Sunday night till Monday positive.
This is based on my region time could be different from other country.
 
6  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 14, 2024, 10:45:24 PM
Quote
Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.
Imo i believe the optimum allocation is subjective based on individuals income, country, goal, and attitude towards risk.
The DCA amount allocated for the month
I guess doesn't have to be once a month but could be spread across the days in a month especially during a correction or dip.
Quote
I think an income of $50 per month is of course quite a small income, in fact no company pays its employees $50 per month. I don't think it's too much of a burden for people to invest $10 per week because that's a nominal amount that is easily within everyone's reach, but yes, it comes down to each individual
I guess this should be in your country and based on what you believe is nominal as investment.
A person receiving a huge income doesn't necessarily mean they have much idle funds for investment
There are individuals choked up with expenses and responsibilities that is quite hard investing more than 10% of their income.
The best is investing as a capacity leads
Buy with spare funds and hide the balance
It would shock you one day the amount you would find there when you go finally check.

Quote
[Off] Not saying the minimum wage or salary should be increased but there's alot attached to the government.... and this shouldn't be discussed here as it's completely  off topic to the thread.
I guess it is.
The differences existing when it comes to humans is the reason no Economics theory are proposed without constancy
What works here won't work there.
7  Economy / Services / Re: 👉[CFNP] ▄■▀■▄🌟Bitvest.io🌟 - Plinko Signature Campaign, Member+ {Funds Escrow} on: May 14, 2024, 10:30:56 PM
Week 29 Bitcoin payments has been processed.

👉 Bitvest Escrow Address: Current balance:

👉 Ps: Post on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread aren't eligible for payment.
👉 Campaign is CFNP we don't have open slots.
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Note: Users marked REMOVED, this is going to be your last week in the campaign and for others that don't sit up, you're next.
week 30 is showing 05/05/24-12/05/24 instead of 12/05-24-19/05/24. Thanks for the payment Boss. Payment received.
8  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 14, 2024, 07:30:00 PM
examples of ONLY having expenses of $20 per month and how that might be realistic and also how the same guy might have an income of between $60 to $100 per month?  Sure there could be some situations of informal economy and maybe you live on a farm and you raise your own food or you trade your food for someone else's food and maybe you perform labor in order to live in your house, and you don't have to pay electricity because it is free or it does not exist... but still the numbers see strange, even though surely I know some folks do have real low incomes.. yet are we even being realistic?
It's possible in my country to have total expenses a month as or lower than $20. Though my country don't use dollar but the equivalent of $20 can sustain an individual as expense for a month
Well I guess our economy can be attributed to it.

Quote
why are you guys coming up with such dumb examples in which guys have an income of $100, and they are able to invest 80% into bitcoin because their monthly expenses are ONLY $20.  It hardly makes any sense
Sure I agree this doesn't make sense
The higher the income the higher the expenditure Ceteris paribus. Expenses making just 20% of your income is quite rare to see unless maybe the person is a miser.

Quote
But to be Frank we still have some workers over here earning below $100 monthly which is why our government sucks
What's the essence of increasing minimum wage when the expenses borne by the employers especially private institution would be transferred to their goods or services
It's like a circle if nothing is done to correct it.
Not supporting the government but I don't think increasing salary is The solution to our problem currently.
9  Economy / Economics / Re: Feeling McTroubled? on: May 14, 2024, 07:11:59 PM

If anyone hasn't noticed that the OP is a disgusting piece of human garbage, look at his trust feedback.
Okay I can see where the OP got the name Kruw from Cruel.
Price doubled in McDonald's cause of inflation?
I'm surprised, it's like inflation barely affected them
In my country there are food stuffs and fast books that have increased more than times 3 since then.
Garri an economic goods in my country increased by more than 4 times in my vicinity since 2-1 year ago. 
10  Economy / Services / Re: Charles-Tim Signature space for rent on: May 14, 2024, 06:55:19 PM
Quality over quantity. Don't ramble over a topic but go straight to the point. It's knowledge is admirable that I sometimes imagine if we from same country.
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2024, 06:46:18 PM
Re trading on CEXes...wanted to trade something on Gemini (for purely historical reasons).
Their liquidity is terrible...bots presenting fake ask/offers all the time...trades occurring in a few $$ range and are literally filling by a few bucks at the time.
In some cases the "tape" overruns your order by a few bucks and still not getting filled.
I am not sure how Bob was able to fill his "farm" orders, maybe OTC?
Fortunately, this is the last time I 'had" to trade there...phew.

I think this is common on DeX experienced it in Bitkeep then
Poor liquidity and volume
So price fluctuates way higher than normal and orders are not filled.
Frustrating though
Thought I could benefit from the rampant changes and gain the coin way lower than other exchanges to sell at higher price but the order was never filled.
Abandoned the account, just found out that's the current Bitget. Ironic.

because of it's scarcity, divisibility, acceptability, portability, durability, uniformity and durability.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
I think Decentralization(durability indirectly falls here)  and scarcity would do.
Should never would be better than will never
We not certain about tomorrow
A meteor could just come and kaboom (okay my imagination is exaggerated)  but you get what I mean 
12  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 14, 2024, 09:38:37 AM

╭───────────────────┬────────┬───────────┬─────────────┬──────────┬─────────┬──────────────╮
│ Username          │   Days │   Pushups │ Last Date   │   PU/day │ % of    │    Days till │
│                   │     In │      Done │ Seen        │          │ Total   │   next digit │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ I_Anime           │     76 │      5562 │ 2024-05-07  │    73.18 │ 4.06%   │           61 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Zackz5000         │     70 │      8880 │ 2024-05-10  │   126.86 │ 6.49%   │            9 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Ambatman          │     19 │      2115 │ 2024-04-30  │   111.32 │ 1.54%   │           71 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Dracoco           │      2 │        90 │ 2024-05-04  │    45    │ 0.07%   │            1 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ hardyrobust       │      1 │        70 │ 2024-05-07  │    70    │ 0.05%   │            1 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ CossyBlack        │     26 │      4785 │ 2024-05-11  │   184.04 │ 3.49%   │           29 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ cityhunter34      │      8 │       386 │ 2024-05-08  │    48.25 │ 0.28%   │           13 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ OgNasty           │     99 │     10000 │ 2024-05-10  │   101.01 │ 7.30%   │          892 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Notalony          │     11 │       937 │ 2024-05-05  │    85.18 │ 0.68%   │            1 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Troytech          │     45 │      4605 │ 2024-05-04  │   102.33 │ 3.36%   │           53 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Obulis            │     11 │       985 │ 2024-05-14  │    89.55 │ 0.72%   │            1 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ AmaGold70         │     12 │      1000 │ 2024-05-14  │    83.33 │ 0.73%   │          109 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Kwarkam           │     52 │     10560 │ 2024-04-19  │   203.08 │ 7.71%   │          441 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Tmoonz            │     74 │      7282 │ 2024-05-09  │    98.41 │ 5.32%   │           28 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Dailyscript       │      4 │       399 │ 2024-05-04  │    99.75 │ 0.29%   │            7 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Tungbulu          │     12 │      1412 │ 2024-04-28  │   117.67 │ 1.03%   │           73 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Smilevictorobinna │      9 │       900 │ 2024-04-30  │   100    │ 0.66%   │            1 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Judith87403       │     50 │       800 │ 2024-04-22  │    16    │ 0.58%   │           13 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Bd officer        │     50 │      3009 │ 2024-05-08  │    60.18 │ 2.20%   │          117 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ adultcrypto       │     21 │      1575 │ 2024-05-02  │    75    │ 1.15%   │          113 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ teamsherry        │     31 │      2955 │ 2024-05-10  │    95.32 │ 2.16%   │           74 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Gallar            │     23 │      6141 │ 2024-04-21  │   267    │ 4.49%   │           15 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Kelward           │      1 │        13 │ 2024-05-13  │    13    │ 0.01%   │            7 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ DirtyKeyboard     │     94 │      9342 │ 2024-05-13  │    99.38 │ 6.82%   │            7 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Antonil           │     54 │      2102 │ 2024-05-04  │    38.93 │ 1.54%   │          203 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ 7juju             │     77 │     11550 │ 2024-05-01  │   150    │ 8.44%   │          590 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ promise444c5      │     45 │      1680 │ 2024-05-11  │    37.33 │ 1.23%   │          223 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Mayor of Ogba     │     72 │      9776 │ 2024-05-08  │   135.78 │ 7.14%   │            2 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ proty             │      4 │       504 │ 2024-05-12  │   126    │ 0.37%   │            4 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Ricardo11         │     67 │      3683 │ 2024-05-09  │    54.97 │ 2.69%   │          115 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Cityhunter34      │      3 │       186 │ 2024-05-04  │    62    │ 0.14%   │           14 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ SickDayIn         │      2 │        60 │ 2024-04-28  │    30    │ 0.04%   │            2 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ JayJuanGee        │     95 │     19010 │ 2024-05-09  │   200.11 │ 13.88%  │          405 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Obim34            │     54 │      3260 │ 2024-05-05  │    60.37 │ 2.38%   │          112 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Obari             │      3 │       115 │ 2024-05-07  │    38.33 │ 0.08%   │           24 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Jewan420          │     10 │       900 │ 2024-05-06  │    90    │ 0.66%   │            2 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Bravut            │      4 │       285 │ 2024-04-20  │    71.25 │ 0.21%   │           11 │
╰───────────────────┴────────┴───────────┴─────────────┴──────────┴─────────┴──────────────╯
╭───────────┬───────────┬───────────────┬──────────────┬──────────────────┬───────────┬─────────────╮
│      Team │   Pushers │       Pushups │         Days │   Pushups/Pusher │   Pushups │   Days till │
│   Pushups │           │    per Pusher │   per Pusher │          per Day │   per Day │     200_000 │
├───────────┼───────────┼───────────────┼──────────────┼──────────────────┼───────────┼─────────────┤
│    136914 │        37 │       3700.38 │      34.8919 │          106.053 │   3923.95 │     16.0772 │
╰───────────┴───────────┴───────────────┴──────────────┴──────────────────┴───────────┴─────────────╯
████████████████████████████████████████████████████████████████████████████████████████████████████▌
|         |         |         |         |         |         |         |         |         |         |
0k       20k       40k       60k       80k       100k      120k      140k      160k      180k      200k
Quote of the day: "love" - Mayor of ogba

I'm happy to see the increase in activity on this.
Hmm I feel the data for pushers per day is wrong 106 when we just have 37
I believe it should be lower or I'm the one seeing it wrong.
Fascinating the thread would be 100 days old in two days time.

Happy Birthday in Advance

Though am currently on break, I can still attest to the benefit the thread has on individuals doing it.
Like Hippocrates father of Medicine said, "If we could give every individual the right amount of nourishment and exercise, not too little and not too much, we would have found the safest way to health.”



I think you should properly quote your reply.
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2024, 08:11:29 PM
For the grower experts among us:

I need a little help.
Yellowing leaves? What am I doing wrong?

Soil is 6.5 PH.



Also the right one seems to be flowering already? Since they are both "mystery strains", I guess this one is autoflower?
yellow could be too much nitrogen

add some lime
I doubt
I believe the reverse is the case. Its lacking Nitrogen and like he said the soil acidity is neutral so I guess lime wouldn't help much.
I barely know about plants though, but with the little I could gather from trying to grow a flower called sun flower in my country.
Most of the time yellowing comes as result of poor watering
Either you over watering or under watering.
The leave getting yellow could be cause by various reasons
Sun, even weather could be a cause
So it would help if you can explain what you believe you doing right
Other than maintaining the acidity.
The leave when they fall off can help strengthen the soil though.



Quote
It appears to be some type of fungus, the spores are carried by the wind, here we call it rust.
this is not rust.
They usually brownish and uncomfortable to look at (personal opinion).
Besides its usually common on wheat crops
I'm sure the plant in the pic is no wheat.
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day 2024 on: May 13, 2024, 07:27:48 PM
Maybe make a Pizza that would be edible?
It just hit me that I  haven't had about a Bitcoin pizza NFT in the bitcoin Blockchain
I think I have already jinxed it.
Well it's a memorable day for Bitcoin. Showing That Bitcoin could be exchanged for food
One of the basic needs Of humans.
Well I don't advice any to sell their Btc to get a pizza though  Grin

I believe it's still far though but there should be a Pizza contest if am not mistaken
Sigh I'm already craving a pepperoni pizza.

This is a very nice initiative. I could not join as I am out of your area. I am very new to the Crypto 101 discussion. What is Crypto 101? How does it work? Can someone tell me the details about crypto 101 discussion .
It's like how we have course code and 101 usually are centered for beginners
Like its consider the first step to head higher.
15  Other / Beginners & Help / Re: Cautious of the Web on open source on: May 13, 2024, 07:06:20 AM
I don't think I get what you mean but exchanges usually do not release their open-source code.

All I could find on Github is bitget APIs and bots so you might be talking about their token?

Why not post the link here that says Bitget is open-source?
Or you maybe found a page that was created by scammers and not owned by Bitget?
I think you meant CEX usually or always doesn't show their source code to the public
But some DEX do.

here is the link and what are scammers going to gain from lying about the accessibility of their source code?


I am confused.

Bitget and open-source? You can't know that because it is a centralised exchange, so their codes should be closed from the public.

The trust wallet case is different, it is a crypto wallet, the last time I did some research about Trust wallet I get to know that it is half open source and closed source, but to me if a code isn't completely open source then it is closed source.

The web differs. Like I said its filled with misleading informations but it says that Bitget is decentralized.
But with it been closed source then that should be a lie too.
Trustwallet wallet changed when they were acquired by binance some years back
Though they claim been open sourced
They ain't really  one
16  Other / Beginners & Help / Cautious of the Web on open source on: May 12, 2024, 10:58:32 PM
So I found out today that Bitget wasn't open source but searching online it usually shows that they open source
Same as trust wallet which was but no longer open source.
This is evidence that not everything read online is correct. Some sites even consider Ethereum as the most decentralized cryptocurrency.
I believe many had experienced cases similar to this before
Back to the topic
To find out if a platform is really open source
Search for them on github and check their repository or code to see if it's public or private
Public means is open sourced while private means closed.
Take notice of the date too
Some that were open source like Trustwallet might still leave their previous code online
Despite it already been changed.
There you can find yourself rather than relying on answers from the web.

DYOR is underrated.
17  Economy / Exchanges / Re: Canada fines binance $4.38mln for money laundering violations? on: May 12, 2024, 10:36:49 PM
Binance jumping from one accusation to another
I guess they are now under the government radar and CZ can no longer sweep these under the carpet
Quote
the consequences is 3.48 million Canadian dollars
No is almost 6 million Canadian dollars.

With past records I would be surprised if they ain't guilty
Well $4.38M is not much for them to pay so it's not really going to affect them much.
But I doubt with this if another wouldn't sprang up.

18  Bitcoin / Bitcoin Discussion / Re: Fixed supply doesn't matter (change my mind) on: May 12, 2024, 12:24:13 PM

The equation is still valid in this threat model, the problem here is with creating fake demand.
Do you have the data to back this claim that fake demand was created?


Quote
I think you underestimate the effect of Tether collapse and I wouldn't count so much on the recovery phase
I don't
I know how much it would affect the market. It has the highest daily trading volume and it's fall could lead to a crash in cryptocurrency
Doesn't necessarily mean it would end it. People have tasted digital currency
They wouldn't want to let it go.
Quote
where the Bitcoin you now own will buy you less goods in this period
diminishing marginal returns would creep into Bitcoin but not now and not immediately to this extent and yes the recovery took years but the Market survived that's what I'm trying to get across.
It would be inflated if the supply wasn't fixed. Resources get expensive because of scarcity. If Bitcoin let's say gets to $1M that would be ≈$21 trillion neglecting lost Bitcoins and Fiat is circulation is around $2.3 trillion today
Now imagine the value it would be for a depreciating asset whose supply can be infinitely increased.
Even if Bitcoin fails and falls it wouldn't be because of tether.
19  Bitcoin / Bitcoin Discussion / Re: Fixed supply doesn't matter (change my mind) on: May 12, 2024, 10:59:29 AM
Every goods and services in this world price are inflated including land
And if it burst like you said
The price of everything would fall and if it does
Then it's like nothing relatively fell and Bitcoin value would still be around same since it wouldnt be the only thing affected.
Tether in the long run is meaningless.

Why would everything fall with Tether and Bitcoin ?

Every cryptocurrency would be affected with varying degree but outside it wouldn't make an echo.


I'm talking about Fiat not tether.
Like I said tether is meaningless in the grand scheme of things
Fiat yes that I can consider.
If it's just tether then I don't really see the essence of the discussion because the highest it's fall would do is make wave that would affect weak hands and once everything settles recovering creeps in.
USDT isn't the only pair in the market
If you hell bent in believe tether can affect Bitcoin supply then I would have to give you the win
Because I believe its pointless.
Besides Bitcoin inflation decreases over time until it would get to zero and then move to the negatives

It was fun while it lasted I guess.
20  Bitcoin / Bitcoin Discussion / Re: Fixed supply doesn't matter (change my mind) on: May 12, 2024, 10:48:13 AM
Quote
But the fact that Bitcoin is a stand alone crypto currency that is not controlled by any company or individual, make bitcoin imunune to any form of price inflation
Bitcoin isn't immune to inflation, it's just Inflation Resistant.


people replying to you are just trying to increase their post count... but again your whole thread makes zero sense.
Lol you funny. If they or I plan on increasing Post count then I just have to post in the gambling board
There atleast I can receive a bonus on my campaign
I'm engaged because I'm curious and enjoy economics like alot
Though I had to switch option for personal reasons my love still remains.

It would be great if we can see your reasons why you believe such
How do you put it again
Convince us that Bitcoin supply is inflated
Personally look forward to understanding your view.

Basically what is happening right now is deflation by inflating the price of Bitcoin through Tether printer without real backing.

When this breaks (and it will break at some point) the outcome will be the same as if the actual supply of BTC was inflated as the value will drop significantly (as if the supply was increased).

It's good that it's fixed as at least we're not attacked from both sides but the threat remains the same.
Okay I think now I get what you saying
But like you said "as if the actual supply was inflated " does not mean it was inflated
It just look like it because the price falls and it would experience a dip like inflationary coins
Doesn't make it same as inflationary coins.
I shoot a goat on the head it dies
I shoot a human on the head it does
They both died doesn't make them same.
I think I would go with Devaluation through inflating price since we talking about currency and what you implying is Bitcoin price is inflated then it wouldn't just be Bitcoin
Every goods and services in this world price are inflated including land
And if it burst like you said
The price of everything would fall and if it does
Then it's like nothing relatively fell and Bitcoin value would still be around same since it wouldnt be the only thing affected.
Tether in the long run is meaningless.
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