Because it's not like this!
You don't just go to the same bank and ask for money and more money and more money, every single time the USA (well not the country itself but let's skip the details) goes to the markets to issue debt they offer a new contract, a new interest rate a new sum, the USA has closed thousands of engagements of it's former debt, it's not like the first guy that lent them money still has money owned.

If I get $200 from you, then $300 from another guy then I take $400 but I pay your $200 as we agreed, does that mean I'm not paying my debt?
I just did! The USA has always paid its debt, and that's why people are still lending them money because they know they're getting paid back, unlike the ..what do they call it, the new world bankruptcy team?


And it doesn't have to be that extreme example
Let's say you have just lent someone at 8% interest rate, and you can lend to somebody else at 6%, doesn't it make sense to take a loan at 3% and give that guy his loan at 6%? You're still in debt but servicing it is lowe than what you get paid in your turn.
Debt is bad only if you don't have a clue on how to manage it, my family spent nearly 25 years with our business in debt, we still have a few loans mainly for machinery but if we hadn't done so we would have probably never had a business in the first place at all.


As I told Synchronice, things are not that simple.
There is not a single debt there is no single contract, and there are not just two entities here.
The bonds mature every year and sometimes even every month, those have been serviced for as long as the country is, the country pais its debt issue new bonds at different interest, pays those as it issues others and so on, it's not your average bank credit line that you try to pay a bit each month, borrow again and so on!
They are paying the debt, if the USA missed any single of it you would have known, if anybody had their bonds payment at the 5, 10 years maturity mmissed we would already know it as the whole economy would be in the drain, but they have to date serviced every single one of them.

Again, stop seeing this as a single debt, it's made out of millions with different interests and different periods, and yes, all that have reached maturity have been paid to date!

Yeah, bs!
You come to Bitcoin for money just like gamblers do, you didn't come here for enlightenment or anything else, stop with the bs.
If you wanted to find the light you would be doing charity work, not caring so much about money you even put a $ in your name!


I would argue that making 100 topics about how bad gambling is, that is till you fish enough merit to carry a casino signature is the really bad thing, far worse and far more despicable than actual gambling! I'm getting so tired of these wanna-be prophets who think their way of life is so much better than the rest I would instantly trash all these topics!

Buying the top-tier GPU was not really a solution for early ROI, rather than a brand new 4090 he would be better with a late 2x series, the difference in initial capital is doubling the time you need to run it. Anyhow, GPU mining is dead, makes no sense!
As for the CPU, again, who would pay him something that makes it worth the effort when he could simply buy that computational power from a data center, far cheaper, you can buy a dedicated CPU for 20$ that beats the crap out of that configuration for 20$ a month, with full support and 24/7 , why would someone pay you more for it?

How I said a few times, before, it's time to let it go, the times of earning money while watching your 3 years old computer do stuff alone are gone.


VR on a 1030 with 2GB, are you sure?
 

Research is actually checking those claims so let's go with the first one


we go to kryptex earning estimator page and :
https://www.kryptex.com/en/best-gpus-for-mining
RX 5700  $5.27  PER MONTH

Op has a GPU 1030 GTX 2GB which is not even listed so looking at the last one, a GTX 1050 Ti it makes $0.93 a month!
So if he could sell it for $20 he would make more than in three years of mining, not including energy!

So you think they have been insolvent and they are blocking withdrawals for almost 3 months yet you're the first one in months one around here with the problem in the last month? I did one exchange just before leaving for a trip so that would be something around the middle of August (can't check it right now for sure) and it funds were in under 24 hours.

Most likely it's about your documents and your KYC, from my experience Bitstamp is probably the worst when doing this, I was just lucky to be an already old customer with them when they started but for newer clients going through this might be a nightmare, check your previous mail they might have asked you already for a ton of documents, most like proof of funds as that is their specialty.

That's gambling!
DCA is dollar cost average, when you break this rule it stops being DCA and as I said is basically buying based on a hunch or your guts.

See how simple it is, it's x amount every week, every day every month, not x on monday maybe not this weekend, maybe z on Friday, then 6 months nothing then 10 times more, this is not a plan this is pure chaos.


This is completely different.
If you have averaged a buy of $100 a week for a year and then you get a pay rise and afford $200 it doesn't mean you're not DCA anymore, you can think of this like having two plans, one that started two years ago and one that started now.
If we would think like that basically nobody in countries with 100% inflation would be able to keep a DCA over the years, imagine somebody still buying bitcoin worth 10 Zimbabwe dollars when a loaf of bread went from 1 to a trillion.

Ratimov had a nice topic about this:
Scalping is the most controversial way to make money. My experience for 4 years

It pretty much depends on what your available time looks like and what your expectations are, but if you;re looking at making a killing out of it in a short span you've chosen the wrong one.

Scalping is a strategy not an indicator!


He's playing with small time frames scalping, already the method is about large volume and small profits ratio, when you put on top of that low volatility and high fees you might end up with zero profit even if you have placed and closed a winning trade.

Bruh....


Common, let's not start to move definitions and goalposts here cause I clearly started this discussion based on your highlighted above remark!
You started saying that you're in control all the time till the trade is finished and now you're saying you can't expect to be in full control all the time while at the same time you were right when saying you're still in full control!


What's that huge difference?
It's still the same, we were talking about full control, not the incentive the other party has on doing the deal, not the risks, not anything else. If the other guy is hit by a tram while going to the bank and releasing your funds you're done for! You are not in control! That's what the definition for a multi-sig is, and this is why they were invented in the first place so that not a SINGLE entity has control over it!
As I said, let's not change 1000 years of word definition just because it suits our narrative now!


Generalizing a particular country's situation is never good!
I've never been asked for a photocopy of my ID from a bank, just my ID when I go to the bank and deposit cash, which is standard procedure from 100 years ago,  do the bank ask you every time where the money comes from when you're getting a payment from another bank? No, they don't and this is why apps don't also because you're loading your account from an already verified source!
But even that doesn't even matter since the whole thing is just ridiculous, I was curious what this Bkash is so a quick google search and


So, you were saying what about banks?

Oh yeah, the large mining farms and ASIC owners of 2010 and 2014!
Definitely!


So, if:
John Alice and Dicky each have 10TH/s and they see the halving coming they each buy new gear in order to double...yelds...what???
Wait a minute!
If John had 10th/s which earned him 5$ at a cost of 2.$ , if he doubles the hashrate at the same cost as electricity isn't going to change in price he is going to make again 5$ but a ta cost of 4$, so how are this comparable yields?

Let's re-write this:
John Alice and Dicky had 30TH/s earning them 10$ at 3$ cost, now they are only earning 5$ at 3$ cost, they double their hashrate for a situation where they will have 60TH/s earning them 10$ but costing them 6$, so the only thing that comes clean out of this is that 10 years later and yous till don't know how mining works and it's again proof you've never run a business in your life!

Furthermore, in 2020 at the halving the hashrate was 115.27 EH/s, it took two years and five months till October 2020 for it to double at an average of 254.80 EH/s for the first time passing 230EH/s.

Write this down and repeat it every single time you have the opportunity, difficulty follows the price with a delay, the price never follows the difficulty!

Because when you take a loan as a country you have a repayment plan and you do this based on 5-10 years in advance budgets, everyone rushing in exchanging debt maturing over 6 years at x% with one over 7 and a half at z% interest would be a complete nightmare which wouldn't serve as much as you think other that stoping a bunch of guys screaming all day about the size of the debt.

But I don't understand why you say "no one pays their debt", everyone pays their debt right now except for some 3rd world countries, it's not like the US or any other country has a fixed debt and they are just adding money on top of that, the US is paying previous debts, Germany is paying previous debts and they are both taking new ones if the market is good enough for them.

If you're able to do a thing like this one:
https://www.reuters.com/markets/europe/german-government-makes-billions-debt-thanks-negative-rates-2021-12-22/
why would you rush to pay them back at all? Right? It's not the size of the debt you are in and the amount you own from others but how much that costs you each year. If the numbers are positive, why would you even bother?


https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt
The US pays now 2% of their GDP towards servicing debt, it was 3.2% in 1993, but at that time we didn't have widepsread internet and tiktok and wanna be an economist claiming that everything will end!

No! The funds are not in your custody since you can't access them freely without a second-party agreement on it!
It's a false sense of security but it's the same thing when looking at the final decision, the only difference between this and the CEX is that the CEX can't move your funds without you accepting but at the same time, from your point of view you can't recover those funds without a third party accept either.

So no, you're not in control!
Being in control of funds means you can move them at any time in any fraction of the total sum as you desire, not happening in the above scenario.


Selective scamming, fake reviews, people in desperate situations encountering a large sum that might be enough to cover 3 months of profit in one go, and so on and on and on, just think how many cases of reputbale members have ended up scamming here, reputation a good indicator till only it stops being one!


So, you're just using some other third parties instead of these third parties!
Trusting Perfect money with your funds over a bank sounds far more risky to me, who are you going to complain with if they close your account and stop you from getting your money out?

Oh, nice, let's see!
If I win... , lol, so, if I win...common, I'll buy each one of you an anti-air flying pig gun!
I see that everyone is going positive so to increase your chances, here I go with my fudge bear just for fun pick:


This means anyone willing to win this should go like 20 numbers away from mine!

But now, joking aside, I don't see that much negative news and I can't muster that much pessimism either, the heatwaves are probably long gone, the price is not really in a bad position, we have proof of companies having set plans in motions for Q4 expansions, so probably all signs point to continuous increase, which now that I think it's actually a pessimistic view, right?

I wonder if just as price speculators talk about floors we have a serious one around 5-6 cents per th/s, seems like this one is a barrier at which shutdowns and efficiency tweaking start to happen.


I wonder if I'll have time to log off till it turns positive!

ETH is unnminalbe for a year, LTC is a waste of time with GPU, XMR would yield pennies


There is no computer for sale in this world that can mine Bitcoin at a profit!
Stop giving advice when you know absolutely nothing about mining, you're just just going to ake some poor guy waste his time and money with it.


Common, there is no such thing, let's not go to the other extremes right now!
Computers don't burn out like 100 years over left alone, all of them have protections, and they will shut down once overheat, I have a 10 years computer at home right now still open and I've been traveling for a month and it's still doing fine, sometimes even standing for hours at 100% load as it has daily task s to run and I never thought of it crashing let alone burning!

Anyhow:

Sell it and start a business!
You're actually losing money as that computer depreciates and you'll be selling it for scrap in two to three years.
Already that GPU is almost useless for anyone trying to build anything else other than a computer for watching youtube and sending emails, and for those guys a built-in video recording is just as good.

Why would Elon even care?
I love how we have 100 topics about this but nobody actually reads the article, because the title is enough, right?


So it's an analyst expressing his opinion, there is no real data, just claims based on other people's claims!

Kind of ironic how everyone can get excited about this when just the other week we had this:
A crypto-mining company in Pennsylvania is seeking to burn tires to produce bitcoin, prompting an outcry from residents and environmental groups.

If the so-called Bitcoin mining council would really wanted to prove they used 50% renewable they would have done a simple thing, talk bout this this:
https://www.warren.senate.gov/imo/media/doc/Seven%20Cryptominers%20Responses%20to%20Senator%20Warren.pdf

Stronghold:


Greenidge


The others didn't want to mention it are claimed they are just busing energy provided by the grid and!

So, in a letter addressed to a US Senator, not a single member showed any proof of mining directly with renewables, all the renewable energy comes from the grid, so it would be simply stupid at this point to call an industry greener than another when they are consuming the same thing.

Elon is stupid cunt but this greenwashing must also stop!

You go to a bank! Ironic, isn't it?


So we have
-low risk
-promising profits
-passive income

In short, let's talk about unicorns and carebears!


Because nobody wants to lose money, work their ass for and not become rich in 1 year, the same reason most of those businesses fail in the first years as everyone is daydreaming while making their plans.

I've seen hundreds here on different topics claiming how agriculture is successful, how it can save a country from recession, how is a guaranteed win, how everything and when I tell them you need to work your ass all day, all year with no holiday except winter, difference between Wednesday and Sunday for something that might end with a profit margin of under 10% (profit not operating profit) by the end of the year they all act surprised.


Who is going to need these services in a remote area that usually comes with 100 or 20 people living in a village?
And how are you going to make a living out of this?

So let me get this right, how on earth are you still in control of your funds till the trade is done?
It means the other guy would have to wire you the money and only when you receive those you send the coins?

No, that's not how it happens! The moment you initiate the trade the money gets locked on that platform, and you're not opening trade on any of those without depositing money, which means they have left your control!

There is no different business model!
Celsius didn't go ponzi, they simply overlend money and a liquidity crash took them down s they had money in all the wrong places.
Nexo is, for now, it just playing it safer, acting more like a traditional bank but this doesn't mean that's safe and doesn't mean that it will guarantee any kind of profits whatsoever.

As for audits, we have all seen how much trust you can put in those, Binance got a perfect audit then the company decided to cut all ties with them.


https://www.sec.gov/news/press-release/2023-11#:~:text=Specifically%2C%20the%20SEC's%20order%20notes,EIP%20accounts%20of%20U.S.%20investors.


You were saying....

Yeah, you've said it earlier that it was 30 hours after that so, guess it couldn't have been just a day, especially since it's a working hours time delay on. Probably you know the dates way better and he might have squeezed in somehow and after all at this point it doesn't matter anymore. But, I myself would avoid this guy next time!


My hunch too, is there are scammers that don't pay a dime and there are stupid morons that pray on a possible 5% in price by delaying transactions over the weekend claiming bank's fault, if the exchange rate is favorable they pay if not they claim it's a problem and just cancel the deal.


Which would make a no kyc exchange better than p2p deals?  
Or would mean that you're safer if you stop trading real bitcoins and just play with derivates with your own bank if they start offering it.

Honestly, I don't know anymore, I was discussing at one point what's more dangerous, and well, I'm not convinced 100% that making p2p deals with somebody you don't know is way safer than dealing with a CEX, ad this is why?

To other nations.
Which are indebted to other nations.
Which are indebted to the first nations.

Here is how the European crisis that was supposed to destroy Europe back in 2013  looked really like when Italy, Spain, Portugal and Greece were all going to go bankrupt. Funny though, no such happened!



You can have one quadrillion in debt, if the others also owe you one quadrillion it means you have a zero balance, but still your debt is one quadrillion. But god forbid doomsayers look at this detail!

Damn, the title sounds like some BSDM movie!

One thing that struck me:


I don't believe that the bank was someone able to solve and transfer your money the balance reflect in your account in 10 minutes after not being able to do in 2 days, you said he had proven that he had sent the payment with documents, by chance can you compare the proofs with the current transfer as I tend to believe that as in many cases he didn't pay at all the first time and only under pressure and maybe because of a good fluctuation in exchange rates he agreed to do so!


In this situation:
CEX - the CEX, their bank, your bank, you
P2P  -the P2P platform, the other guy, the other guy bank, your bank, you

A bit two many peers above 2!