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Miners have small miners and whale miners. Whale miners probably act like whales but not all whales have same strategy and same risk management. They will response differently in bear market when their risk management will be tested.
Miners so far look like selling all Bitcoin they received recently but they still have some sort of reserved earnings from the past. They can sell it if the bear market last longer and price falls deeper. Then we will witness miner capitulations with which you will see miners not only sell their reserved Bitcoin but also will sell their ASICS at very big discount price too. At that point, their priority is exit the mining industry as soon as possible.
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Warning: if you are going to mine with the laptop I'm sure your laptop will end up like this below before/without earning any single satoshi or worst. So you can't make any profit mining any crypto.  If you want to earn with your Laptop there is another way without making your laptop very hot and with less power like honeygain or peer2profit, which is only consumed unused data, or rent your laptop for internet sharing. A better approach to earn Bitcoin with your laptop is Learning, finding a job with your skills and getting payments in Bitcoin. Like you can open a service and state that I work for Bitcoin. It is very possible if you know cryptocurrency industry is big enough and there are so many job types: content writing, social media manager, community manager, campaign/ program/ bounty manager, trading strategy creator with bot, etc. Like a job with payrate as $100 per week, then you can earn $400 per month, after 10 months, you can have $4,000 that is a lot of money. It is surely a thing should do than killing your laptop with Bitcoin mining (like the image) https://beincrypto.com/careers/https://hyve.works/ |
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I don't think language should be a barrier to discuss bitcoin.
It is not definitely but if a member think his English is bad, let's try to learn English together with learning about Bitcoin. First you need to understand what you read; second you should be able to express your opinion well and easily understandable enough with your writing. No restriction but if you write and others don't understand, it is your own barrier. What if someone doesn’t want to share their country of origin but also have poor English? In your definition of quality, they will be not allowed to learn/discuss bitcoin because they don't know how to write properly?
Nobody restrict others like this. But each member must self-feel about it and must see a need to improve their language (reading & writing). I have seen a few people with poor English but still having merits. That means people are getting his message, nothing wrong with that.
It can be either motivation for a new member or merit for fun or merit abuse. It's not a big issue but to be a constructive member, you must be in a same language of others at average level at least. Learning is endlessly. After you are in intermediate level of writing, you can learn more and improve it with topic sentence, topic title, etc. |
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Ok, Now, I am actually confused cus I don't know the topic you are commenting on, but based on your statement above, I guess you are discussing on the topic of Bitcoin price prediction.
If I am not wrong with this assumption , then I like to let you know that the price prediction part of my post is just a contest am launching as a fun thing and also my own little way of trying to giving back to this community, it isn't something to be taken serious and I don't intend or want it to act as a decider to or for anyone, as to whether they should invest in Bitcoin or not, I will clearly state and make this disclaimer bold enough for everyone to see as soon as the contest is launched.
No. I don't mean I discuss about price prediction but your topic presents opinion from influencers. Their voices have power to affect the crowd, to make them FOMO or panic. I would prefer to warn them they when they read opinions from influencers, they must try to figure out that opinions are given based on emotion, personal incentives or based on any models. If based on models, are those models good enough? Freedom of speech, influencers are free to say what they think but it's your money and influencers don't save you when you get loss. Influencers are not always right as the graphic shows. |
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Privacy or anonymity? [Guide] Decent mixing methods. I think you are missing between privacy and anonymity. You can not have it 100% but Monero is one of the best. grin is now accepted for forum payments. Theymos was excited about grincoin technically too but the admin wrote and emphasized that there is issue with coin emission and did not recommend to buy or invest in grincoin. |
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Running a Bitcoin Core node in pruned mode, means you've downloaded and verified every single block from the genesis block (even though you've discarded everything but the last few GB) so you know that your UTXO set is fine, that all blocks correctly build upon the previous block and you generally don't need to trust anyone.
The one downside is that you do need to download and verify the whole blockchain once, which can take hours or days depending on the hardware.
Pros and Cons of Bitcoin Node types (Full node and Prune node)Both full nodes and prune nodes download the full blockchain. Even with prune node, you have to download a full blockchain at the first time but the difference is full node store all the blockchain in your disk but the prune node only store a small part of the blockchain, depends on the N parameter you set for it. It is like a rolling tactics when you don't have enough data storage space to store a whole blockchain or you don't want to do it, then Prune node will be your choice. |
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Credit: Bitcoinomics.io"All models are wrong, but some are useful" but it is based on quantitative then predictive models. Even with good models, there are outliers from the model deviations in order to kill, liquidate people who rely on models. Market works this way and wash-outs must occur one way or another. For predictions from KOLs, influencers, I don't know how they make their predictions. Do they make it from any model or just get hyped and arbitrarily say any funny prediction. It is very terrible and deadly if you rely on their opinions for your investment in Bitcoin. You only have to rely on Bitcoin protocol and its Controlled supply. Personally, it is enough for your hodling plan. |
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DCA is better to use when price drops to 20% or 30% so I think it is very applicable to do it manually. People must prepare money and wait for chances to do DCA manually. Sometimes, they DCA no matter what price movement is and when they see -20% or -30% drop, they don't have money in hands to DCA.
You can set up buying orders on exchange manually, and wait. I don't think we actually need DCA service or bot for this investment approach.
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Plagiarism User: juwel509Today, I put up a post to celebrate my 365 days(1 year) of being registered on this forum but then I had to delete the contents, lock, and move it to archival because a user said it was merit fishing and other stuff. Truth be told I felt terrible because I know how much of a struggle it was to stay in the forum. I was offline from January 17, 2022, to April 5th. I won't go into details because it is personal.
This incident got me thinking about the forum before the merit system was created.
Aside from merit fishing, spam, low-value, and garbage posts, what other accusations were leveled against other members of this forum?
How do you create topics that you feel matter to you without making it seem as if you are merit fishing?
Source: https://bitcointalk.org/index.php?topic=5402879.0Today, I put up a post to celebrate my 365 days(1 year) of being registered on this forum but then I had to delete the contents, lock, and move it to archival because a user said it was merit fishing and other stuff. Truth be told I felt terrible because I know how much of a struggle it was to stay in the forum. I was offline from January 17, 2022, to April 5th. I won't go into details because it is personal.
This incident got me thinking about the forum before the merit system was created.
Aside from merit fishing, spam, low-value, and garbage posts, what other accusations were leveled against other members of this forum?
How do you create topics that you feel matter to you without making it seem as if you are merit fishing?
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you mentioned the profits they make not just from the "maker" "taker" of people doing orders, and the withdrawal fee's ..but you forget they also make profit from the "spread"(gap between the buy market list and the sell market list). this is another secret area where they can make money.
I know. I did not mention about their hidden, shady activities to get profit from wash trading volume, traps to liquidate users. Because I wanted to bind with things relate to their service fee: trading (taker/ maker), withdrawal fee. I know they have different things to build and maintain their service: security, maintenance, consolidate inputs, process withdrawal, etc. but they must assign income from their service fee for those things. Secretly over charge withdrawal fee and when get accusation, saying "we use it for different things of our service", it's not fair. |
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This is however what makes Bitcoin halvings so important: miners "drain" money out of the Bitcoin ecosystem by paying their hardware and electricity suppliers. Each halving means they have less Bitcoin to sell, which means this "drain" gets less every 4 years.
Halving events are all set by satoshi, we can not change it. Halving events are not new but just magic that every 4 years, we see halving effects. Miners can be categorized as diamond miners with diamond hands; and speculative miners with very weak and soft hands. The type 2 miners usually sell most of their Bitcoin for monthly bills and in bear market, they will capitulate. After next halving, they will regret why they sold their Bitcoin in 2022 or previous years but they have no choice because of their leverage, bets on Bitcoin steady growth. Speculative miners usually can not resist against bear market. |
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A half truth is not a truth! It is applied for Binance US only and it serves as a hook to attract new users to Binance US. Exchanges in general and Binance (not Binance US, I don't know about this branch exchange), charge very expensive (and unacceptable) withdrawal fee. |
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People need to take NYKNYC more seriously and withdraw from exchanges.
Before they understand it and truly practice it, they must read enough and think deeply enough. Maybe many of them don't care to read. Many of them don't care to practice, until a day they lose money because of exchange hack, scam, exit, government seize, etc. |
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This is the golden rule when navigating your way through crypto land. If you don't have access to private keys or seeds, you'd risk yourself getting all of your coins lost or stolen in the long run. Most people rely on centralized exchanges and wallet providers because it's more convenient for them. If only they knew that without the keys or seeds they don't control their funds, they would've used switched to non-custodial or decentralized solutions already. We need to educate the masses in order to reduce attack surfaces as much as possible. As long as the majority has access to keys/seeds, the number of hacks will be reduced by a large margin.
When you don't own key of your coin, you must trust a third party with their honest, fairness and seamless operation for your transaction request. You don't control anything. What you see is a credit number in your account and whether your order for trading, withdrawal request is approved by third party or not, it is unknown and uncertain. Nightmare might appear anytime if you don't own your keys. At least, crypto/Blockchain tech's popularity is rising. Who knows if people become more aware about securing their funds in the crypto/Blockchain space?
I am sure that with two simultaneously trends: growth of Bitcoin (in value) and Bitcoin educational efforts, people will become more knowledgeable about Bitcoin and related things (how to store it, backup, recover, etc.) and less people will lose their big amount of Bitcoin because of unknowledgeable. However, a second part is important. Being knowledgeable does not naturally and automatically cause good practice. It's a different side of a coin.  |
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This is very interesting. First of all the Date (2022?)
And I am impressed that Satoshi is somehow praising Ripple (the company which was founded in 2004, not the cryptocurrency XRP).
Anyway, as I have read in the website you posted we cannot confirm if the email is real, but it is certainly interesting.
Interesting. I did not notice it because I read it previously and when I made that post, I searched for that page again so did not actually check the date again. I believe it is a glitch issue or something technically on that website. They are building a new one similar as https://nakamotoinstitute.org/. Maybe they're building something new at a new domain: https://nakamotostudies.orgThe year of this email is 2009. It is confirmed by Mike Hear in this forum Ian, Satoshi did plan for Bitcoin to compete with PayPal/Visa in traffic volumes. The block size limit was a quick safety hack that was always meant to be removed. In fact, in the very first email he sent me back in April 2009, he said this: Hi Mike,
I'm glad to answer any questions you have. If I get time, I ought to write a FAQ to supplement the paper.
There is only one global chain.
The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
I don't anticipate that fees will be needed anytime soon, but if it becomes too burdensome to run a node, it is possible to run a node that only processes transactions that include a transaction fee. The owner of the node would decide the minimum fee they'll accept. Right now, such a node would get nothing, because nobody includes a fee, but if enough nodes did that, then users would get faster acceptance if they include a fee, or slower if they don't. The fee the market would settle on should be minimal. If a node requires a higher fee, that node would be passing up all transactions with lower fees. It could do more volume and probably make more money by processing as many paying transactions as it can. The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces.
Eventually, most nodes may be run by specialists with multiple GPU cards. For now, it's nice that anyone with a PC can play without worrying about what video card they have, and hopefully it'll stay that way for a while. More computers are shipping with fairly decent GPUs these days, so maybe later we'll transition to that.
I found something more interesting |
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But i felt i should check the Bitcoin Discussion section, I did and viola, there it is, my uncompleted post is already published, I quickly tried to delete but the system said I cannot delete the post, then I used the edit button to at least wipe out the content. Only admin, moderator can delete your topic but you can edit it or move it to Archival too. You can move it to Archival as a trash bin for normal users. Admin and moderator has their special trash bins. Another option if you don't want other to read what you have yet completed, let's lock it and continue to write, complete your post, when you finish, you can unlock your topic, copy and past the complete version and edit the original one. It's not a big problem. |
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They are not the first altcoin DeFi project to build products around Bitcoin. Sovryn project used to reach $36 but it drops to under $1 already. The bloodbath in DeFi has yet ended and it will continue until all over leveraged DeFi projects die. Avalanche is better because they are founder of an Avax ecosystem and DeFi on Avax is one part of their ecosystem. If DeFi die (they will not because best and strongest DeFi projects will not die), Avalanche will still be fine. |
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Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.
China ban crypto, many times. FUD or real you can verify with past events. The Bitcoin network, its hashrate is decentralized from hashrate owners to mining farm locations geographically. It will be fine even all hashrates from China turn off. Recent years, total hashrate originates from China has less dominance on Bitcoin network than in the past. It is good for network decentralization, its health and it is good to prevent negative effects from China bans, floods and so on. Again Bitcoin is named as a dead asset. How many times? More than 450 times so far. This figure will reach to 1000 soon. |
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