As the adoption continues, the volatility has been decreasing.
It is not actually correlated with adoption. When an asset has higher and higher price, it becomes more expensive and the volatility should be consequently smaller. At least the difference between two all time highs should be smaller. It's natural. Bitcoin now has price in thousands of dollar but you can see its in altcoins now. Altcoins are easier to have x10, x100 in bull run and it is exactly what Bitcoin experienced with its past bull run. Higher price means higher marketcap and it's harder to manipulate higher market capped projects. |
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I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars.
With such rise or fall of Bitcoin, you should ask yourself a question like "Why are you in Bitcoin market?" Please think of it, many times. Because it decides how you will react in the market and make your decisions. I want to know from you, is the price of Bitcoin likely to fall further?
Please read two topics Likely Bitcoin is finding its bottom but it seems the bottom has not there yet. It can be a deeper range but is it important if you have chance to buy Bitcoin around $20k and 4 years or 8 years later, you will be able to sell it above $100k - not mention higher price. |
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I will see a notification reading "Future trade can be very risky".
It is more risky than margin/ leverage trading and much more risky than spot trading. Is it advisable as a new trader to engage in future trade?
A new trader should not start with future trading, definitely. The flow should be - Investment > Spot trading > Margin/ Leverage trading > Future Trading
If you can not have profit from investment, don't trade If you can not have profit from spot trading, don't trade with margin/ leverage If you can not have profit from margin/ leverage trading, don't trade future Your capital should be 80% in investment, not in trading. Future trading should be 10% or 5% of your trading capital (not whole capital) |
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Lies and misinformation can be countered with truth, and if that doesn't work there's always the ignore button.
Agree with you. Ignore button is good to keep spammers out of sights and liars out of non sense discussions. For spammers I only ignore. For people who can discuss with, I use the feature to block DM as well because with these ones, public discussions or DMs don't solve anything. Just kind of wasting time and bringing some unnecessary emotion. |
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Pointless discussions and trolling are against the rules, unless you're arguing he makes essential threads.
It is against forum rules but in most of cases, forum members don't get ban with this violation. Even with very serious case, it is only temporarily ban and barely happens. I don't know you knew or not, but the case of game-protect is a very good example. Even the community asked to ban that one, it won't happen. Until he changed from trolling to doxing. He got 2 or 3 temporary ban and the last one is permanent ban (mainly because of doxing). |
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There were cases like that year ago when theymos introduced merit sources, members becoming merit sources without even applying so I guess it is still possible.
It should be around that time but I did not have time to check it. I just remembered that is like a user who does not have too many earned merit, not impressive and I did not know about that user before Coin-1 wrote that it is likely a new merit source. You can check post after this one to find a likely most recently added new merit source(s). |
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No, the world population is not considered by the time Satoshi created bitcoins because why would he only create 21 millions of it? When the number of population is much higher than that.
Many possible explanations for that but only satoshi knows. In email to Mike Hearn, it's what satoshi wrote and you are free to interpret it but it can be a full explanation or just a partial one. Who knows? My choice for the number of coins and distribution schedule was an educated guess. It was a difficult choice, because once the network is going it's locked in and we're stuck with it. I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard. I ended up picking something in the middle. If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There's plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1.
Anyway, it was set and can not be changed. I don't think of reasons to waste our time to figure out why it was set like that. Furthermore, having more Bitcoin in total supply is not good for its value. Having less Bitcoin in total supply will make no sense because it will result in non-timing scarcity when the adoption for Bitcoin is not big enough. I think satoshi just did a magical timing set-up for Bitcoin total supply. |
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If I didn't miss anything regarding to translations of good topics to local languages, it is a second topic (campaign) for that only count multiple-translation topics
I believe your initiative is great and somewhat it help to provide more quality topics in local boards. However, it is just sand in a desert and is not enough to improve quality of local boards in general. The quality in translation topics will be managed by the OP. How to keep it on topic, stop spam, non-sense posts is responsibility of OP. Because I am sure many posters will join but not for real discussion. Just for post quota and/ or merit hunting  |
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I wonder when was the last time any member become a merit source
More than 1 year ago. Not public officially but you can find it. The last time with many new merit sources but it is not the last time a new merit source added as I know. You can check post after this one to find a likely most recently added new merit source(s). You can follow up more merit source application there |
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More merit sources=more eyeballs on posts, so it's a pretty simple equation.
Nowadays, it seems users have to apply for merit sources and bump their applications many times to be approved. I don't know whether nowadays any user can get a single call (via DM) from theymos and become a merit source. It happened in early days (weeks) after the merit system kick-off. I guess this line is off already! |
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You might get a lot of backlash if they join in a bull market though and don't pull out while in profit (at least with their initial investment). The newcomers that join during bull markets might leave fairly quickly once the bear season returns.
As I said, I did introduced others about Bitcoin and cryptocurrency years ago and I stopped doing this for a long time ago too. It's unnecessary. They know I am cryptocurrency investor so if they need advice, they will find me. I received some request like that and I always would like to listen to what they aim at. If what they aim at is profit, nothing more, I mostly told them there are lot of risk, don't only think of profit. If they are not ready to afford for loss, I reject to give any investment advice.  Fair enough, personally! First, I unofficially help them to reduce risk by joining at not good time. Second, I won't have to feel being responsible for any kind of loss they get, because of my advice. Lastly, listen to me or not, they must need time in the market to mature, survive then mature. |
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When you want to merit a good post, you don't have to check that account was banned or not. It's unnecessary because basically merit is to highlight good post.
You can use modlog or BPIP to check ban status but it takes a little bit of time. If you don't use these pages, you will have to rely on a combination of avatar and no signature that is a good signal of potentially banned account.
However, for many reasons, some accounts do neither wear avatar nor signature (even their rank can wear avatar/ signature) or their account rank is not enough to wear such things.
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OpenWorld project has a restructure in finance. This structural change makes it more transparently and easily for people to observe financial activities of the project as well as helpful for the team too. Everything can be followed up from a given spreadsheet and related things. If you want to discover more, please read In addition, the bonds for Harmony ONE community is still on-going.
- OpenWorld Pub is under development.
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Some might be thinking that this forum is a get-rich scheme. Others, once you understand crypto, you will be rich and have bitcoin and other altcoins in your portfolio.
In bear market, if you hold altcoins you will get more serious loss than if you hold Bitcoin. Before the year 2024, I plan to re-strategize to create enough awareness for crypto in my society, create an enabling ground for lectures and solve some problems.
It is a nice initiative! Builders do their works in either bull or bear market but for people who has never experienced cryptocurrency and crypto market, it is harder to convince them participating in bear market. Usually newcomers join in bull market.
For me, I don't do this. If people are not ready, you don't have to teach them because they don't believe in what you say. If I teach or at least introduce it to anyone, I only do it one time. Later, if they need more, they will find me. Else, they don't need it and with this assumption, they are no longer in my list. |
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So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.
Life is full of scam. Life is a mix of black and white, good and bad. You can not have one and don't have another. Scammers use everything in life to scam, if they can. Cryptocurrency and Bitcoin are just one of things they can use to scam. Cryptocurrency or is it still a safe haven?
No perfect safe heaven in life. Don't look for it. Everything has risk together with chance to get profit. You must have good risk-benefit management for your capital and you will be good. Good even if your investment turns to be a loss partially or a completely loss. |
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2FA is overrated. People tend to keep 2FA tool on the same devices as the browser or exchange/social media apps they use with 2FA.
2FA does not mean a perfect protection. You pointed out a good point. - People don't know how to backup (or don't care to do it) their 2FA code. Then when their devices broken, they came back to ask how to get 2FA back. For exchanges, it is simple, go with KYC but if you fail with KYC, your money will be lost.
- People naively to store all things, email password, exchange account password, 2FA on a same device, at the same place. They naively think with this way, they are safe. In fact, they can lose all very easily
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More and more businesses are pulling out of Russia, so this is really not that surprising.
Not surprising and it should happen, for goods. As when China banned mining and all the miners migrated elsewhere last year, many miners are migrating again. Be it for political reasons like this, or the quest for cheaper or more reliable power or unfriendly regulations it's going to keep happening. The ones that plan ahead and have good business plans will survive, others will fail
It is worthy to put into consideration that at all time high, total mining hashrate from Russia is less than one from China in contribution to total global mining hashrate. So let's assume this migration has any short term effect that should be smaller than what happened with the Great Mining Migration from China 2 years ago. Finally, things are fine from that migration, so no worry about Russia Mining Migration. Despite of some weaknesses and bias factors from data collection methodology, you can check this topic. Just to have a historic view. |
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The desire to help these young people navigate through a career path in the crypto sphere through this forum is my vision to accomplish. I want my friends and well-wishers to know about crypto.
This forum is a good place to start learning about Bitcoin, cryptocurrency (alternate cryptocurrency) and some helpful supplementary such as security, privacy, etc. If one can learn and mature well in knowledge and skills from the forum, I am sure there will be lot of opened gates in crypto career. Just I hope nobody grows from this forum will turn to be a scammer. Building up yourself here and find jobs here or beyond it, but please don't use your reputation here to scam elsewhere. That's why I came up with the plan to introduce and tell the youths about crypto, the forum and the rules and regulations governing it.
The youths are future of the world and cryptocurrency world too. The Bitcoin demographics will become younger and younger with time and it will help the increasing adoption of Bitcoin and cryptocurrency. |
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To answer this question, you should read Creating more Bitcoin in total supply does not create value and reduce the total supply does not automatically result in higher value. You can find altcoins with less than 21M in total supply but they don't have higher value than Bitcoin. I mean - Inflation: Increasing total supply ~ value decrease
- Decrease supply like some altcoins # value increase
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