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Definitely buy the dip, halving time is always best time for smart traders. There is rapid volatility during this time. Everyone should buy as much BTC as possible before US markets open on Monday and Blackrock and other ETFs buy Bitcoin from Grayscale for cheap. Price will rise anyways after halving so risk is minimal.
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OP_return and smart contracts are different. OP_return is an opcode that allows you to store data on the blockchain without cluttering up the unspent cache of nodes because these outputs are 'unspendable'. This allows you to store arbitrary data such as a timestamped contract on the blockchain with little clutter in the network. Smart contracts automates the process by executing the actions of the contract without the need for a third party. While OP_return can be used to code data into the blockchain, they cannot be used for smart contracts. Here are some articles which are useful. Both are pretty old but are good resources: Is the OP_RETURN for contracts and smart properties?Explanation of what an OP_RETURN transaction looks like |
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Usually the price pumps before a halving event. This time with the increased demand from ETFs it makes sense that Bitcoin has a pretty big bull run.
In general, most people are not educated enough about the halving event. But the approval of Bitcoin ETFs and the Bitcoin halving are buzz words that drove the price up earlier in the week.
Over time however, your graph shows how the bull run of each halving event is reducing in multiplier.
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Well the global real estate market is a 'bit' bigger than bitcoin - 380 trillion USD
Bitcoin just surpassed 1 trillion last wk
Real estate is a hard asset. Bitcoin has got more currency features than real estate does. You can't pay for goods and services in units of land. But both are great investment opportunities. I'd say though that land is often more stable that Bitcoin which is very volatile.
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A bull market is simply when market sentiment favours price increase of an asset. This is not a crypto exclusive term. It is used in stocks/investing and financial systems to indicate changes in asset price. A bear market is the opposite and often describes periods where the price falls.
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Bitcoin is deflationary as it has a capped amount of coins 21mil. Supply is limited to this amount. As demand increases it will push prices up because of this fixed supply - in the long term.
When interests rates rise and the price of commodities increase people and companies are discouraged from borrowing and generally the whole economy has less to spend. Thus people and institutions are less likely to spend money on high risk assets like Bitcoin driving down demand during this period of high interest rates. Thus price decreases.
But yes in the long-run a Bitcoin will increase in value - deflationary. Whereas other fiats will ‘lose’ their individual value over time - inflationary.
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Thanks for all your prompt replies. I just wanted to give everyone an update. Sorry it wasn’t sooner, I have been a bit busy lately. The kitten is doing really well, thanks to your suggestions. I initially gave her a bit of canned tuna in spring water which she was very happy to have. She has also taken a real liking to chicken which I give her raw. I haven’t given her milk yet. I read kittens need to have a special ‘cat’ milk and can’t really have cows milk. I still have to buy the formula for that. She is drinking plenty of water though. I was worried because she wasn’t going to the toilet, but last night she left a nice present on the welcome mat HAHA Initially she was very scared and hiding in corners coming out only for food but now she is very playful as kittens are. I am going to take her to the vet tmw and see if she has been registered with an owner. If not I am planning to adopt her. I would never ever have imagined getting a pet but I am experiencing the joys of owning one right now and I don’t know why I didn’t do it sooner… probably the money factor.  I have given her the name Misty. I will try and upload a photo of her later tonight. Thank you all. Nice keep Misty and you'll be happy taking care of her. The joy of owning a kitten and as you see it grow is there because time flies so fast and the growth is so fast too. Teach her and talk to her on where she should poop, they're intelligent and will remember that you don't like seeing her poop everywhere. Yes I will do, have to buy a litter box. But already I think she has some idea that she can't poop anywhere. She always seems to poop on the same door mat which is a good start at least I think. Here is a photo:  Anyone have any idea regarding what breed she might be? I think she is something mixed possibly. Anyways going to take her to the vet later today and will find out  |
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Thanks for all your prompt replies. I just wanted to give everyone an update. Sorry it wasn’t sooner, I have been a bit busy lately. The kitten is doing really well, thanks to your suggestions. I initially gave her a bit of canned tuna in spring water which she was very happy to have. She has also taken a real liking to chicken which I give her raw. I haven’t given her milk yet. I read kittens need to have a special ‘cat’ milk and can’t really have cows milk. I still have to buy the formula for that. She is drinking plenty of water though. I was worried because she wasn’t going to the toilet, but last night she left a nice present on the welcome mat HAHA Initially she was very scared and hiding in corners coming out only for food but now she is very playful as kittens are. I am going to take her to the vet tmw and see if she has been registered with an owner. If not I am planning to adopt her. I would never ever have imagined getting a pet but I am experiencing the joys of owning one right now and I don’t know why I didn’t do it sooner… probably the money factor. I have given her the name Misty. I will try and upload a photo of her later tonight. Thank you all. |
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I found a stray kitten just in my backyard. It's a public holiday where I live so nothing is open. I am wondering what I can do? What do kittens eat? It is relatively active with enough energy so I think it hasn't been too long since it has been separated from its mother. I am keeping a look out to see if the mother turns up. Nothing so far. I searched up on google and it said to try scrambled eggs and cooked meat. I might try the eggs. Any other suggestions?
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so i will be grateful to people that would help me and would listen to my problems concerns
We will listen! Can you breakdown (to the nearest 0.01 BTC) what you will use the 2.167 BTC for? Any investor will want to know this. https://bitcointalk.org/index.php?topic=5479401I will be answering your questions, first of all i do have the documents that allow me to open a clinic but i do not have the funds to do it because when you graduate as surgical dentist you have to work and work and work so you can reach a minimum wage which takes years , banks do not give such amounts of money where i’m from. Second if you want to know where i will be spending such an amount of money it will be in medical equipments such as 3 medical chairs one for the surgery’s one for the dentist and one for the pedodentist , 2 autoclav , 1 thermodryer for equipments, 1 panaromic radiograph and one local radiograph, a serveur for maintenance of security breach and client’s confidential and some furniture for the clinic and at least for system installation and interior design and rent of the place where the clinic will be based on here’s all the details This is bloody hilarious. Mate I am a dentist alright. And let me tell you, if you could get "3 medical chairs one for the surgery’s one for the dentist and one for the pedodentist , 2 autoclav , 1 thermodryer for equipments, 1 panaromic radiograph and one local radiograph, a serveur" for 7k, well fk me why am I saving up so much to open a dental surgery. You will be lucky to get one good dental chair for 7k. 7k loan with no collateral as a newbie account with negative trust... the gall you have to ask this. Do you think anyone here is stupid enough to give you this loan. Make a go fund me page or some shit. And by the way, why are you talking about getting into a signature campaign? You think you will get 7k from working in a signature campaign? Maybe if you work many years, which means you don't need the money urgently. Your story doesn't add up mate. |
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It’s a good question to think about actually. What happens when the 21 mil cap is reached and miners get no more block reward. What will incentivise the miners to continue mining. Will transactions fees have to compensate for the loss of block reward? In that case wouldn’t tx fees be incredibly high? So where is the utility as a currency at that point? I don’t know the answers to these. They should be another thread all together to be honest.
Yes after all bitcoin have mined, Miners will definitely depend on transaction fees as the only incentives, we have discussed that many often in this forum. Miners already are having incentives from transaction fee which are much more than the block reward itself. A thing you need to know is transaction fee are charged in bitcoin, base on current rate of bitcoin price raise the price increase might be actually help, for example after the second bitcoin halving when the reward was reduced to 12.5 bitcoin you can clearly see that the current 6.25 is almost equivalent to it in terms of the fees. So this could actually help in the future too but the problem will be, will bitcoin be ok for micro transactions due to the fees that will be paid then? So in essence the value of tx fees (even if the amount of bitcoin for the tx fee) are going to increase to cover the lack of block reward. So if we paid a $10 tx fee before, after the halving it would rise to around $20. So then the problem arises as you mentioned for micro transactions we can't really use Bitcoin. Thus wouldn't Bitcoin lose its utility as a currency? Unless we start thinking of currency in terms of Bitcoin instead of converting it to dollars in our heads. In this case tx fees don't really change when block reward stops, they stay similar in terms of amount in BTC. |
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Bitcoin price has two components: a base value that it must be sold at or over for miners to profit/break even for their services. This value is dependent on the block difficulty. Higher difficulty requires more powerful asics to solve and thus miners have to spend more money on equipment. So it’s not really the amount of Bitcoin in one transaction that affects price, but the number of transactions occurring.
And on top of that normal supply and demand which is self explanatory
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Yes Bitcoins 21mil cap can be removed. In a hard fork, we would essentially have Bitcoin and another coin branch off. Bitcoin will continue with the 21 mil cap but the new coin will have a new cap or no cap. I am sure there must have been a fork in the past where this was done. One coin will continue being used while the other dies off.
It’s a good question to think about actually. What happens when the 21 mil cap is reached and miners get no more block reward. What will incentivise the miners to continue mining. Will transactions fees have to compensate for the loss of block reward? In that case wouldn’t tx fees be incredibly high? So where is the utility as a currency at that point? I don’t know the answers to these. They should be another thread all together to be honest.
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Blockchain technology has so many uses outside Bitcoin and digital currency. A blockchain is basically a shared ledger of data. Importantly this ledger is tamper proof. Once data has been recorded it can't be removed or altered without consensus of the whole system. So there is no single point of failure like in a centralised system.
If a government were to implement Blockchain technology in elections. It wouldn't have all the features of a decentralised blockchain. It would be a private network where the government hold an authority to determine members and functions of each member. It can decide which members can participate in the network. It would select who would maintain shared copies of the ledger. And the government would have the ability to edit entries on the blockchain.
But it maintains the concept of immutability and consensus making an external attack on the system difficult.
So in short, Blockchain can very well be used in elections, but it wouldn't employ the same principles as bitcoin does. It would still be centralised and there would still be avenues for corruption.
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I am sorry for your loss. It is a bold plan to say the least to use leverage during the etf approval 'hype'. The ETF would never have brought instant increases in price. If the ETF would ever influence price it would be in the mid to long-term.
Using leverage in crypto markets is crazy in its own right. They are so volatile and driven my emotions and FOMO. Perhaps you experienced this when you decided to use leverage trading. A useful index when investing is the fear/greed index. Right now its set on greed and few days before ETF approval it was 'Extreme Greed' which is clearly unsustainable.
The base price of Bitcoin is really what the miners need to cover their expenses. You can gauge what this value would be by looking at average global hash rate and mining difficulty. Anything on top of this base is supply and demand and/or FOMO
When investing in crypto always remember to treat your investment as 'expendable' money. Markets are so volatile and the value of your investment can plummets overnight. Hopefully in your case if you can hold out for a few months the price should recover as we near the halving.
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CoinMarketCap provides some numbers. I am not too sure how they source these. They cite IntoTheBlock which is a blockchain analytics company. again I’m not too sure how they get these but I think the numbers are too small to represent the whole world. Nevertheless the different categories of holders and the proportions of the same may provide some insight for whatever the OP is trying to ascertain. These numbers may or may not be replication of the rest of the market.
According to their data, there are 52.79M holding addresses with 67.95% holders 1+ yrs, 25.35% holding for 1-12 months and 6.70% accounting for traders who hold for very short durations.
Most of these addresses hold <1k (83.14%), 16.01% holds between 1k to 100k and 0.85% hold >100k.
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It is because proxy ban from imgur.com months ago. You can pull your request to imgur.com and wait for their policy change but I think it will be hard to convince them to change policy. Meanwhile, you can go to those thread, click on quote and get image links on imgur.com, copy, paste it on the browser to see those images. You can use this script So it is basically not a problem on my end right? Only the people who posted to images can fix the broken image by using the TalkImg website or the script to reupload their images? And thanks for the tip about posting the image links to on Imugur to see broken ones. Offtopic but don't show your email address to everyone.
Thank you, I have changed it now. |
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Whenever I try to view a post where a user has attached a picture in the post it comes up with this msg: "btcointalk.org image proxy Invalid Image" At first I thought this was something wrong with the image posted, but it has happened too many times and I think its something wrong at my end. Anyone know what is wrong and how i can fix it?
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