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2481  Bitcoin / Bitcoin Discussion / Re: Was the coupling of Bitcoin to fiat a mistake? on: July 10, 2022, 07:55:29 PM


Im just hoping fiat gets replaced by Bitcoin sooner than later.
What is your opinion of this happening, I don't think it will happen even if it takes hundreds of years. Our daily lives still require fiat even though it has its downsides and cannot be compared with bitcoin. I wouldn't be able to use bitcoin for a quick breakfast or takeaway coffee because of bitcoin's transaction costs and confirmation time. It would make me miss the express train to the office, but with fiat it would be more convenient in this situation.

I think fiat will decouple itself sooner or later from Bitcoin. Just like Blockbuster went out of business from one day to the other as it became clearer and clearer that streaming movies was the future. Redundancy makes itself known early on. But people do tend to hang on to old technology out of habit and nostalgia, if nothing else. Same goes for fiat. Its a redundant old version of money and is currently being replaced. But seeing as the entire world needs to participate in this change, it might take longer for people to see the bigger picture of blockchain technology and especially Bitcoin.
2482  Economy / Speculation / Re: Do you regret buying before the dip on: July 10, 2022, 07:08:46 PM
Do I regret buying before the dip? No not at all. Would I regret buying after the dip? Definitely. Buy the dip and hodl. Thats all the strategy I need. In fact, I would prefer not to even think about the "end" of the dip and just buy whenever I see such massive Bitcoin discounts. Because in reality, thats what they are. Discounts. And once you start thinking of them that way, you will find yourself buying at every dip.

Don't fool yourself into "waiting for the perfect opportunity". 1 BTC = 1 BTC
2483  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 10, 2022, 06:15:48 PM
2484  Bitcoin / Bitcoin Discussion / Re: Get your coins out of Coinify ASAP on: July 10, 2022, 02:18:13 PM
The fact that people continue to let someone else hodl their coins for them is so puzzling to me. Why, why is it so hard to put the coins into a wallet that you own yourself? Why betray the very idea of Bitcoin, which is to be your own bank? Is there a point to even investing in Bitcoin if all you do is the same as you did with your fiat? It just does not make sense to me.

Whether a huge exchange with a lot of users or some small exchange owned by a shady no-name, its all the same in the end. You are putting trust into someone other than yourself.

It always comes back to bite you, always.
2485  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2022, 10:26:06 PM


Oh my!!!!!

You are even MOAR worser than that last guy.

Don't you NOT know nuttin?  No need to answer the last question.

You want lower? I can go lower.  Kiss

I had an actual dream about Bitcoin. Within seconds the price dropped to mere cents per Bitcoin. I put in my buy order as fast as I could but the exchange was lagging badly. And when I tried to click buy again, the buy button was missing. Within seconds it rose back to its usual price and then further up over 100k...

I woke up without knowing whether or not my order went through.
2486  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2022, 06:07:38 PM
Doesn't BTC ultimately rest on removing the need to "trust" ?

Bitcoin was based on trust and it was a far-reaching relationship, but now bitcoin and trust remain only between two counterparties. and in the big picture, it turns out to be a simple payment and here it already plays the role of transparency.


....I would again reiterate that Bitcoin was based on " removal of the need to "trust" "



“don't trust, verify.”

Bitcoin is distributed trust.

No its distributed verification.
2487  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2022, 01:48:02 PM

What if this cycle is rolling faster and we're somewhere between depression and disbelief?  Cool

Until we experience full anger from all the shit coins that finally go to the trash can as expected (anger from Bitcoin dropping in price as a casualty).

The volume levels are still higher than they would be if we reached capitulation. The MSM is going to have to "forget" about the corn before we can finally reach the true bottom.

I agree with you here, it's too early for a bottom, personally I think we will go a little lower, maybe 17k or thereabout in the end of the year, and from there we will get the traditional slow up.
 

Yesterdays huge sell off did slow down the pump considerably. We might be in for another dip soon before we see the real pump again. I would wager 15k


Damn I'm legendary guys! Somebody has been really generous recently! Need to check my merits.  Grin

P.S. nutildah, my man, thanks for the merits! Also all other brethren who merited me often (won't be mentioning any names/accounts you know who you are)  Cool

Congrats!
2488  Economy / Gambling discussion / Re: Casino can play a role in changing fortune? on: July 09, 2022, 11:49:14 AM
I think the very idea of becoming wealthy by gambling is a dangerous mindset to have. Anything which seems extremely unlikely (like winning millions or even hundreds of thousands) should not be ideas which you should entertain by risking your money.

Gambling is and always has been just for fun, by my way of thinking.

The more hope you give yourself that something unlikely will happen, the more you keep yourself at the gambling table even during times in which you should walk away once you have made an X amount of losses.
2489  Local / Presse / Re: WhatsApp muss sich für alle Messenger öffnen on: July 09, 2022, 10:52:14 AM
Von einem Marketing Standpunkt aus gesehen, ist das super für die App. Aber ob dies irgendwelche Nachteile bringt für den Nutzer? Vielleicht wird das OPSEC des jeweiligen Nutzers dadurch beeinträchtigt. Aber wer Whatsapp nutzt kann sich sowieso nicht auf Anonymität verlassen.

Whatsapp ist einfach zurzeit die beste Messenger App. Der freie Markt hat das so entschieden. Die Frage die ich mir stelle ist warum sich der Staat einmischen muss, um den weniger innovativen Apps zu helfen?

Wenn ich einen erfolgreichen Restaurant führe, sollen meine Gerichte ja auch nicht bei irgendwelchen zwielichtigen Snack-Buden bestellbar sein, nur weil der Staat meint dass die weniger Kundschaft bekommen und somit Unterstützung brauchen.
2490  Economy / Trading Discussion / Re: Binance will be ban in the Philippines? on: July 09, 2022, 10:34:50 AM
Good day to all the members in this forum, maybe I should start our conversation with the questions we will discuss.

First question, is it possible to ban Binance in the Philippines?

According to the BSP (Bangko Sentral ng Pilipinas) there is a group or organization called INFRAWATCH PH that issued a letter to the BSP saying that one of the largest cryptocurrency exchanges in the world should be banned or suspended. Because it doesn't have a license to operate in our country, and if your gonna take a look at it, they are right. Because in order for you to be an official company related to exchange or virtual assets, you need to have a VASP (Virtual Asset Service Provider) and there are always associated requirements before you can have a license to operate in the Philippines. And some of the licenses here are Coinsph, PDAX and Paymaya which will soon be able to buy and sell crypto.

According to Binance, they have not yet formally received the letter about banning them here in the Philippines. And they are also ready                  to discuss about this matter because they are also ready to get a VASP license or even an E-money license.

And as far as I know, last June the CEO and Founder of Binance visited here and they plan to expand here in our country, and they also plan to provide a scholarship program and eventually the graduates will be able to work in the Binance company.

According to the SEC (Security Exchange Commission), Binance is also not registered but they are monitoring it despite the fact that other investigations are still being conducted not only here but also in other countries such as France and the U.S. That is why because of these events the value of their BNB token was affected.

So far we have not really heard any Final updates on these events, because at the present time now we can still use Binance here in our country whether we want to transfer it via Coinsph, Gcash, or Bank account that we have. And I just hope that Binance will not be banned in our country because there are also many users here in our country.

Referrence:
- https://bitpinas.com/regulation/bsp-urged-to-ban-binance-for-illegally-operating-in-the-philippines/
- https://bitpinas.com/regulation/binance-response-infrawatch-bsp-ban-ph/





Of course it is possible that Binance will be banned in any country. Binance is a centralized exchange. Anything centralized is under the full mercy of regulation.

However I do not think that the Philippines will be introducing any bans on Binance as they could have already done so. Just because there are now people who are calling them out on not running "by the book" in a certain country. We should not panic too early on this matter.

Binance is probably the most careful exchange I know. Even the SEC itself has not raised any alarms yet. 
2491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 09, 2022, 10:17:06 AM


Roomers are Ellon is backing off the 44B deal of Twitter

The rumars are troo.

Everything Elun Mosk does is PR to boost his own giant ego on social media and/or manipulate the market of his own investments. He never intended to buy Twitter for such a huge sum of money, it was just all show. FFS he even named his own child some ridiculous shit for social media clout.

2492  Bitcoin / Bitcoin Discussion / Re: El-salvador bitcoin investment is underwater on: July 08, 2022, 08:07:55 PM
Bitcoin is a long term investment. When an entire government invests into something you can be sure that they have entire teams of the best advisors money can buy making the strategy and doing the research.

So no, El Salvadors investment in Bitcoin is not "underwater". Its a long term investment and anyone who understands Bitcoin knows whether 50k, 60k or 20k, these are good times to buy.
2493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2022, 06:38:59 PM

tradingview isn't cool anymore?

 Not. Even. Close.


Tradingview masterrace! You can share your ideas and get likes to boost your ego on Tradingview. You people are just hipsters  Tongue Roll Eyes


Looks like a less developed but more stable version of cryptowatch but does not even seem to have simple Heiken Ashi candlesticks.

4/10. my eyes.

I use worldcoinindex.com for that very reason. Ticker on the top shows current price in BTC/USD, BTC/EUR, BTC/CNY, BtC/GBP, BTC/RUR & Total BTC Volume/Total Alt Volume. Automatically updates every few seconds. It's just simple & handy. Had never heard of Preev.com

Looks like a worse version of coinmarketcap. 1/10
2494  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2022, 12:58:01 PM
Is preev.com really gone?  How am I going to check bitcoin value every 5 seconds now?! 


I can't get it either, that sucks.

tradingview isn't cool anymore?
2495  Economy / Gambling / Re: Which crypto sportbooks are VPN friendly on: July 08, 2022, 12:53:15 PM
I don't see much difference between paid and free VPN. As for the best speed, maybe it is, but for me personally it is not critical, and the free one gives me the speed I need. And in the best disguise of the country and city from where you access the Internet, as well as the best protection of some of your personal data and their potential theft on paid VPNs, I strongly doubt it. Whatever the devs of these paid VPNs promise, I think they are all somehow controlled by the competent supervisory authorities in each country.
Mere looking at it there is no different between free and paid VPN because everything is still paid when we look at it from another perspective. The free VPN get there money from google ads that is why they still make money even though yiu don't want to paid a dime. The ads that we see using all those free VPN are source of income to the programers/owners. The free VPN sometimes does not allow us to select a region where we want the ip address to be fixed but they are still the same.
Then it's better to choose a paid VPN, when you are gambling, that means you are capable of risking money, so I'm sure a monthly subscription of a VPN for a gambler is not that expensive. At least, with a paid VPN, you can get what you want, the IP country you like and you'll be in a server that are less congested.

I agree. An unpaid VPN aka a free VPN is not only slow and inefficient but you will lose more privacy than you think. I am sure the free VPN services collect and sell your data and do a lot worse things than that. Quite ironic, wanting to protect your privacy and then losing your data to some shady people who you will never know.

Paid VPNs are really worth it. And as previous posters have mentioned, getting a dedicated VPN for a bit of extra cost will really save you a lot of headaches.

Well, up until an online gambling casino or some other platform like a cryptocurrency exchange freezes your account and funds arbitrarily and asks for your KYC, which of course you will have problems with seeing as they will see you used a VPN and then only more problems arise from that... Non custodial is the way to go and is the future!
2496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2022, 12:23:36 PM
Holy fuck, Shinzo Abe assassinated

Its ok, the assassin wore a mask. His vaccination status will be checked.

In all seriousness, RIP Abe. Japanese dissatisfaction is no joke.
2497  Economy / Gambling / Re: The History Of Gambling. on: July 07, 2022, 04:46:19 PM
What a great subject! "The History Of Gambling" Grin

I would absolutely love to see proof that our cave-dwelling ancestors had gambling games with rocks, sticks and bones. I doubt there is a way to actually find out the oldest gambling games of humans /early humans though. We cannot even seem to find out what the lost languages, like aramaic or even older ones, were in essence. So something as complex as gambling is definitely lost to time.  Roll Eyes

There is even proof that animals like chimpanzees have a proclivity towards some version of what might resemble gambling. They did experiments with apes in labs and the apes did seem to understand the gambling concept of risky winning. Not sure if one could find something similiar in wild nature.
2498  Bitcoin / Bitcoin Discussion / Re: Top US Energy Company to Explore Bitcoin Mining on: July 07, 2022, 04:24:54 PM
About time an energy company got into the game of improving mining energy problems. I would have thought it would be a bigger issue with more energy companys looking to get onboard...

Although Bitcoin mining energy is not really all that impressive compared to other needs for energy, maybe this will somehow help with the scaling issues or power outtages that happen in some more rural areas?

Would be cool if this resulted in cheaper electricity although I doubt they wouldnt just pocket the difference for more profit.
2499  Economy / Gambling discussion / Re: Something Like This Happen To You on: July 07, 2022, 09:37:24 AM
We experienced unexpected events or moments in gambling like this one, you are calling it off a day in a session then you're suddenly on a winning streak thinking that it's your time to get back what you've lost will you go or will you stop and come back the next day.

I'm sometimes tempted to continue but I know you cannot beat the house, so most of the time I just call it a day and just wished that tomorrow or next time it's my lucky day. What about you what's your take.

Thats a very dangerous mindset to have in gambling, especially if you are in an altered emotional state from having lost money. Thats what most if not all gambling casinos rely on, at the end of the day. They want you to become so disoriented and emotionally unstable that you make a bad decision and give them all you money. Thats basically their business plan.

I think that is why it is utterly important to discipline yourself with hard rules which you have decided on beforehand. Rules like the amount of money you are willing to lose/win before leaving the casino. Or if you feel yourself getting angry, its time to leave for the day. Rules like that.

Follow a strict disciplined gambling style and you will find your losses become a lesser deal.
2500  Bitcoin / Mining / Re: The risk of NOT actually owning your mining hardware. on: July 07, 2022, 09:27:42 AM
I think you are completely correct when you say there is risk in not actually owning your mining hardware. But I also think that same principle of risk goes for everything else which you do not completely own. Just look at what happens when you leave your Bitcoin on the wrong exchange and they close up shop and never give you your Bitcoin back. Furthermore when it comes to mining, you are depending on the people who sold you the miners not to have included some kind of malware or spyware in the miners. And that the people who built the miners did not use defective chip parts and so on...

So what can really be said for ownership? Is anything really "ours"? Or do we just decrease risks without ever getting rid of the risks themselves?
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