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941  Bitcoin / Bitcoin Discussion / Re: opinion: it would be better off if taproot was rolled back on: February 04, 2023, 06:53:17 AM
I am sure you can not get any 100% vote in life with very rare exceptions in countries with dictators like North Korea, Cuba, China, Russia and whatever countries which are controlled by dictators.

Bitcoin network is decentralized and community have their voices that of course can not the same, so no 100% agreement with any vote for Protocol changes, Upgrades.

If you don't agree and can vote, you can choose the Disagree option and go with a fork. Bitcoin Cash was born like that but forks are failures, not successful projects. Almost 6 years since 2017 hard fork, Bitcoin Cash is a failed fork and Bitcoin SV (forked from Bitcoin Cash) is a worse failure.

Rollback, sorry it is not for Bitcoin and its network. If any blockchain that can be reverted /rolled back too easily, that is a shit blockchain. With such crap blockchains, you can lose your money any time.
942  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: February 03, 2023, 11:51:21 PM
Yes unfortunately Mbappé might be off for three weeks or more because of his injury, last match was so bad for him beside missing 2 penalties in less than 5 minutes he got injured and also lost the top 1 scorer of League 1 after Folarin Balogun is having 14 goals in his balance while Kylian Mbappé with 13 goals.
Mbappe is a goal source for PSG and he is very important for their attacking system. I don't mean he can do everything without other players but PSG need to have him in order to maximize their attacking power. With support from Neymar and Messi, Mbappe becomes more dangerous than without those players and have to play with younger attacking players.

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It’s a bad timing for PSG since they are playing against Bayern Munich in Champions League with a true attacker it’s a big loss for them and great news for the Bavarians

The missing of Mbappe by a latest injury is a bad news for PSG as they have to face with Bayern Munich. The opponent is a big club in Europe and Champions League with a more successful history than PSG. Additionally, they have more experience in Champions League and they can control matches and opponents by very smart and strict tactics. Meeting Bayern is already an unlucky schedule for PSG but doing this without Mbappe is a shocking news for them.

Does have any miracle to help Mbappe recover faster than 3 weeks that is considered as his recovery time initially?
With power of a young man, he can beat all initial diagnosis and recover sooner but let's see. If he can return sooner and can play against Bayern, PSG will feel so happy.
943  Bitcoin / Bitcoin Discussion / Re: Which countries do you think this year will adopt Bitcoin as a Legal tender? on: February 03, 2023, 11:45:16 PM
Countries Which Allow Cryptocurrency As Legal Tender
Which Country Will Make Crypto Legal Tender Next?

Making Bitcoin legal tender in a whole nation means a big thing legally. Big countries with healthy finance will not have interest in making this. In contrast, small nations especially with their economic problems usually have more interests in such a big legal step.

If you want to guess what countries will enforce Bitcoin legal tender after El Salvador and Central African Republic, you must consider their economic and maybe social status. If the status is bad, it is higher chance to see legal tender in that nation.
944  Economy / Trading Discussion / Re: How I made my first $2000 through stock marketing on: February 03, 2023, 11:39:18 PM
I was busy saying Bitcoin is a scam for about let me say 1 year and some month not untill a friend of mine was into forex trading so I visited him and I was watching what he was doing so one day he made a big hit for about $2000 for just a night.
How much is his initial capital to make $2000 after a night?

If it is a $2000 or smaller initial capital, it is a big win even just by luck. If the initial capital is like $100,000 it is not a big win, just 2% from initial capital.

The more importance is did your friend succeed to protect his initial capital and that won part ($2,000) after all?

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And That's what push me more to trade Bitcoin with forex trading I didn't pay to learn.
But now am not into forex trading am into stock marketing.
I buy when the price is low and sell when the price increaseses.
Trading in forex or stock means you don't own any bitcoin. Not your keys, not your coins and I'm sure that with forex or stock, you don't own any key.

Trading is more risky than investment and with Bitcoin, you will have best ROI by investment, not by trading.

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And That's how I made my first $1000
Again, if you don't say how much did you spend initially, your story does not present that you succeed much.
945  Bitcoin / Wallet software / Re: Bitcoin wallet users, have you ever? on: February 02, 2023, 05:07:48 PM
1. With paper wallet generator or good non custodial wallet software, you can create your wallet and public receiving addresses offline. This is one part of creating air-gappped wallets.

2. Electrum is available for Android and iOS. You can edit transaction fee rates too with three options: ETA, Static or Mempool.

3. Fee rate is one part of your transaction fee that is by fee rate x transaction size. With same transaction size, if you increase fee rate, you are paying more transaction fee to miners. It boosts your transaction to tip of mempools and makes more quickly to be confirmed.

[General] Bitcoin wallets - Which, What, Why?
946  Economy / Trading Discussion / Re: Bitcoin - take profits or continue to DCA? on: February 02, 2023, 04:52:49 PM
Depends on where you entered and how long you think you can hold your Bitcoin.

If you bought it around $15,000 or $16,000 I actually think $23,000 or $24,000 is a very good price to take profit. Bitfoin can rise more to $28,000 or even to $30,000 but it is a kind of greedy gambling.

If you are greedy to wait for $30,000 to take profit, you must accept that you can waste a chance to take profit about $24,000 if Bitcoin stops there and starts its correction. You must accept that if you miss it, you will have to wait a few months that maybe till 2024 to have chance to take profit about $30,000.

But in 2024, $30,000 is not its highest price surely and you will waste another chance by taking profit too early.

First time, in 2023, wasting chance to take profit because of too greedy.
Second time, in 2024, wasting profit by taking profit too early.
947  Bitcoin / Bitcoin Discussion / Re: Up to what discount are you giving up for your customers? on: February 02, 2023, 04:30:08 PM
If you are into a local business and accepting bitcoin for payment how much discount are you giving up for your buyers? 1%? 2%? How much discount do you think is ok for your business and won't affect you?
When you accept Bitcoin for your business as a payment method or as salary payment method, you must be aware of its volatility and risk of losing initial receiving value to a value when you cash it out. If you accept it, you are afford to skip short term loss and focus more on longer term holding.

Somewhat you are building a treasury for your bussiness with Bitcoin.

About discount, not mention how much, 1% or 2% of discount, I want to say it does not make sense. Because nowadays Bitcoin is popular enough and you don't have to bear loss for your business to integrate Bitcoin to it. You can do it with no discount.

However, of course if your business has good budget for promotion and solid, efficient plan to get good return from marketing with discount for customers, you can do it too.

If you are not sure what to do and don't have plans, don't burn your business fund is my advice.
948  Bitcoin / Bitcoin Discussion / Re: What if 1 satoshi worth more than 1 dollar? on: February 02, 2023, 04:12:10 PM
20 years ago, $1 means a lot but now after the pandemic and massive QEs globally, $1 means nothing.

It is a continuation of decrease of The US. dollar purchasing power because of inflation many years and it only becomes worse since pandemic outbreak. If you think of pandemic and consequent QEs, it is a very unfortunate rare chance with which we can see a reveal of hidden fact after many decades.

https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

Since pandemic, the purchasing power has been decreasing more quickly and seriously.
949  Bitcoin / Bitcoin Discussion / Re: I didn't know IP addresses was used to send bitcoin on: January 31, 2023, 02:22:38 PM
It is a label for sender and receiver which is used to hide their public addresses. Like you can send to other users on Binance internally without have to know about their receiving addresses and same on other exchanges. Sending internally gives you free transaction fee too.

Like user on forum, they can have display name change but their username is the same.
Like on banks, you can lose your card and request to have another card but your bank account ID is the same, only the card number is different but it is connected with your bank account ID.
950  Economy / Trading Discussion / Re: CRmonitor. Online-monitor of crypto accounts on: January 31, 2023, 10:55:43 AM
If it is for monitoring profit/ loss of my portfolio, I don't want to leak my API keys that can be compromised to drain out my account.

Monitoring tools are for people with too big capital and too diversifying portfolio. If you have a portfolio with only a few coins inside, you can simply make your spreadsheet to monitor it.

Coingecko has Portfolio tracker
Coinmarketcap has its portfolio tracker too.

On forum, RickDeckard has Portfolio Performance [Open Source] - Keep track of your Crypto Portfolio!
951  Economy / Speculation / Re: does the increasing number of altcoins have a negative impact on the price btc on: January 31, 2023, 10:50:20 AM
I'm still a beginner in crypto, as we know from time to time the number of altcoins is increasing, but I want to ask,
will the increasing number of altcoins affect the price of bitcoin,?

but in my opinion it will not affect the price of bitcoin, even though the number of altcoins is increasing.
It won't because most of altcoins die after a few months or after a big bull run. Many altcoins are scam and they won't exist too long in the market. Many other altcoins are incapable to develop something that the world actually need so they gradually die especially with downtrend in bear market.

Bitcoin is already a survivor after many years since 2009 and if institutional investors want to join cryptocurrency market, they must pick Bitcoin as their first asset. It has biggest trading volume that is perfectly matched with big capital from institutes.

Dead Coins: How Many Cryptocurrencies have Failed?.

Altcoins are dead coins, Bitcoin is a survival coin.
952  Bitcoin / Bitcoin Discussion / Re: My greatest fear about Bitcoin Halving. on: January 31, 2023, 10:45:47 AM
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
If they buy Bitcoin because they believe Bitcoin will have good growth with big bull run each halving, they are gambling and can be wrong.

For me, I invest in Bitcoin because I believe in its technology and innovation which brings a lot of changes for human civilization which won't be stopped. Halving is only part of contributors for Bitcoin growth but not all of reasons. There are other contributors like adoption, bigger and stronger network with time especially adoption.

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My greatest fear is; what if 2024 halving comes and go without any kind of bull run?
Do you think Internet actually change the world at a same rate every year? It did not. Some years some big milestones ocurred but some years, nothing special happened.
The importance is after 10 years, 20 years, Internet changed the world completely.

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Don't you think that there will be a serious problem and panic in the industry?
Speculators will be panic because they borrow money, use leverages and fail to get profit or get forced liquidation so that they must feel panic.

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Unless US government will have to make BTC a legal tender.
It won't be legal tender and in fact, do we need Bitcoin legal tender to use it?

I think we don't need it. Making it legally as a payment method is enough. Some people can accept it, somebody else can not accept it. The world always is separated like this.

Even it becomes legal tender, what will you do if you go to a restaurant or coffee store and they reject to receive your bitcoin?

Will you make a phone call to police to report that store or bring them to a court? I guess we don't have time to waste like this.
953  Bitcoin / Bitcoin Discussion / Re: Is it safe to acquire Bitcoin without having the basic knowledge? on: January 29, 2023, 02:47:36 PM
The basic knowledge you are looking for is security related i.e knowing how to generate the key, how to keep the coins safe which is mostly knowing how to load the right wallet in a virus free operating system, not to download random software, use a hardware wallet and write your wallet seed securely.
Security checklist
[GUIDE] How to Create a Strong/Secure Password
How to lose your Bitcoins with CTRL-C CTRL-V

To avoid mistakes that can cause bitcoin loses, learning about security, wallets, backups, recovery and how to make transactions with aforementioned topics.
954  Bitcoin / Bitcoin Discussion / Re: Is it safe to acquire Bitcoin without having the basic knowledge? on: January 29, 2023, 02:07:59 PM
I was talking to a neighbour within the weekend and suddenly he grew so much passion in wanting to invest but now the problem is that his wanting me do this for him with excuses of not having the basic knowledge and I've told him to Google and do his own research about it.
If he want you to use his money on his behalf to buy bitcoin for him, if I was you, I would reject this offer.

Mistakes are not common but not so rare and you can make mistakes. What will you do if you make mistakes that cause a loss of his money and at the end, you won't have any bitcoin to give him?

Will you be ready to pick your own pocket to compensate him?

Mistakes can be typing inaccurate receiving address or was hacked unfortunately like this.

Accepting his offer to help him is so stupid, at least for you with risk I discussed.

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I want to know if it's safe to buy Bitcoin without having the basic knowledge of it ?
If you are his tutor and introduced him about Bitcoin, you should answer it already because what he is experiencing is exactly what you did in the past.

Answer is simple, you should not invest in anything without basic knowledge. It's gamble, not invest if you spend money without knowing any basics.
955  Bitcoin / Bitcoin Discussion / Re: Bitcoin Wallet on: January 29, 2023, 04:47:39 AM
Other than using bisq or another decentralized bitcoin exchange network, the only other option I can think of is in-person trading, where you meet someone who is willing to exchange their bitcoin for your fiat.
In-person trading is a risky trading type.

A trade partner who will make that deal with you must be a person who trust a lot. This trading type is risky if you are doing it with a stranger or with someone who was introduced to you by your friends. You can trust your friends but should not trust friends of your friends.

You can be a victim of robbery with this trading type and I will avoid it as much as possible.

Trading is safer with Escrow service and do it online, not offline, not in-person without Escrow.
956  Economy / Trading Discussion / Re: How bitcoin supply can be more than 21 million on: January 29, 2023, 04:36:36 AM
Irrecoverable Bitcoins that were sadly lost due to lost private keys? Will it be circulating again? What I'm worried about is the rate at which people lose their keys probably won't even become 0. Which means the supply of bitcoins in circulation will continue to decrease over time.
To recover your bitcoins, you must have some clues because if you have nothing, it is impossible to find your wallets and keys. There are methods to brute force Bitcoin keys and wallets but it must have many clues. A more clues (words, characters) you have, a more chance you can find your keys and seed. If you have an empty hand, empty clue, accept that you lose your bitcoins forever.

1 word - 1 second
2 words - 90 seconds
3 words - 2 days
4 words - 10 years
5 words - 21 thousand years
6 words - 44 million years

Given that, 3 words is probably the limit of what you can reasonably crack on your own machine, and 4 words the limit of what you can crack with a some powerful cloud computing.

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My question is will there be some sort of protocol to extract or mine more coins to maintain a circulating supply of exactly 21 million BTC? Maybe every 50-100 years a dormant coin will be unlocked for mining by miners?
Nobody want to approve such proposals if someone submit it and find consensus. No miner, no mining farm, no whales want to support that stupid idea. Because they don't need to be genius to realize that because of unchangeable total supply, Bitcoin has its price at $60,000 months ago and will have higher prices after future halvings.
957  Bitcoin / Bitcoin Discussion / Re: Bitcoin Wallet on: January 28, 2023, 01:50:46 PM
> To solosanz : thank you for Bisq, i will take a look ! And i agree with you , CEX are quite defeating the Bitcoin fundamentals. Don't throw the baby out with the bathwater tho.
Bisq is not a Bitcoin wallet but it is a decentralized exchange.

If you want to get more exchanges with no KYC requirement, https://kycnot.me/

Bisq is a good DEX but its trading volume is too low and it can not be matched with needs of many people.

Best wallets are hardware wallets then open source, non custodial wallets like Bitcoin Core, Electrum wallets.
https://bitcoincore.org/en/download/
https://electrum.org/#download

[Guide] Verify Electrum wallet
958  Bitcoin / Bitcoin Discussion / Re: A better step to promote bitcoins. on: January 27, 2023, 11:24:59 PM
Suggest a website with good information and helpful resources about bitcoins that can help first time readers.
For newbies, they don't need too advanced resources to read.

They must start with something really basics but attractive like how to store bitcoin, how to use it for transactions. They must also know about why one transaction is confirmed shortly within a few blocks and another one has to wait for many hours or days. If they understand it, they understand how Bitcoin network works to confirm transactions and won't be panic when their transactions are stucked on the network by waiting for confirmations from miners in mempools.

A first and very important step to learn is how to store bitcoin very safely, how to secure their wallets. To do this, they must choose good wallet softwares to use.

[General] Bitcoin Wallets - Which, what, why?

And use strong password to protect their wallet

[GUIDE] How to Create a Strong/Secure Password
Are you passwords in the green?
959  Economy / Trading Discussion / Re: Best strategy for Dollar Cost Averaging on: January 27, 2023, 03:20:59 PM
Dollar Cost Averaging is a strategy in which the factor of time and price disappears in trading, and therefore it depends on choosing fixed times for trading so that its average is profitable in the long run, and therefore you must buy at times when the price is high or low, which means that if you just want to follow it, I must ignore both staff.
With Dollar Cost Averaging strategy, you don't have to time the market.

Just work, get salary and use part of your salary for DCA. If there is things to time, time your job deadlines and salary receiving days in order to allocate money for DCA better.

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To improve it you can develop the skills of choosing the right platform, choosing the right time for withdrawals, how to reduce withdrawal fees, minimizing the tax impact and choosing the right day (eg Sunday is often an excellent day to buy.)

You can use it with several strategies to maximize your profits, but then it will be part of your trading plan and not a specific strategy.
DCA is for real investment, very long term so I don't think using exchanges to store your bitcoin through DCA is a good and safe idea. Storing bitcoin you buy and DCA to your non custodial wallet, not exchange wallet.

Security checklist

DCA simplifies things for investors and gives them more time to enjoy their lives.

Run a quick simulation on dcabtc.com, results are not surprising, buying frequency made very little difference. The results for "monthly" are a bit distorted as the site doesn't allow to enter $ amount with decimals, so used $30 instead of $30.4.

                     3 years9 years
$1 daily$2,112$130,873
$7 weekly$2,141$131,053
$30 monthly$2,169$130,833
Bitcoin ROI charts. and data tables represent very good profit from Bitcoin investment after a few years of DCA and hodling.
960  Bitcoin / Bitcoin Discussion / Re: Keeping a record of BTC transactions to optimise CGT liability. on: January 27, 2023, 03:13:57 PM
In particular, if you're earning bitcoins from somewhere like a sig campaign or a job, you don't pay tax on that when you cash out because there is no applicable Capital Gains.
A signature campaign or a job is one of income sources so why in the US, they don't count such income sources to total income and consider it as one element for personal tax records?

I think tax is applied for many things, from income, total income each year and not only for gain or loss from investment.

Maybe governments just can not trace all income resources of many people who work in different areas, in the forum exclusively and receive their part time job salary in cryptocurrency especially if salary is paid by privacy coins like Monero or by Bitcoin through tumblers, mixers.
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