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1061  Economy / Speculation / Re: Paypal accepted the Crypto but it will reduce the BTC marketcaps on: November 09, 2020, 05:51:57 AM
--snip--

Not an escrow or a bank, just assume PayPal act as an intermediary, between users, exchanges, and merchants.
The main question is whether Paxos really provide bitcoin for users or buy bitcoin in the first place when PayPal request it.
if users can't withdraw bitcoin from PayPal, only buy, sell, and purchase on merchants, we'll never know about the bitcoin reserves on Paxos.

Lolz and I've said the exact same thing. I mean tell me, what's the difference between an intermediary and an escrow? Both of them do the same thing, the only difference is, (sometimes bank) one acts without asking for direct consent while the other (escrow) always asks for consent of both the parties as well as confirms both ends before releasing anything to anyone. Tbh, I don't think Paxos or anything on the ground has the ability to meet the demand of millions of customers PayPal has, and so, I don't believe PayPal is actually buying BTC.
1062  Economy / Economics / Re: 1000 BTC moved after 10 years on: November 08, 2020, 11:18:19 PM
--snip--  The temptation to sell when bitcoin kept rising all those years must have been incredible, and I'm not sure I would have been able to keep holding.

Too bad we don't know who moved those coins.

Well, s/he who held those coins this long surely had that vision - the vision Satoshi had while trying to create and accomplishing his goal through the making of new money - digital money. The guy either knew or had some strong feeling that this is the investment of millennium and could anytime be worth the "time" s/he was going to put in holding them.

I'd buy a Tesla and a new computer, and I'd probably just go on a general shopping spree on Newegg and some other sites that accept bitcoin.  But honestly?  I'd try to keep hodling on to as much of it as I could, given the upward momentum we're seeing right now.

Why not use all those BTC and create a supercomputer that could mine you the remaining BTC all at once? A billionaire at a shot.  Grin
1063  Economy / Gambling / Re: Betnomi Poker series discussion thread(FREEROLL SUNDAY ALL WELCOME) on: November 08, 2020, 10:58:12 PM
You can look me up and see who my alts have been on here. Guaranteed im not cheating a freeroll.

Prove you're not alts and ill remove the trust possibly. Keep threatening me and you can kiss my ass.

you already gave me a negative rep without proof. how about negative rep for your 2 alts also. im not threatening you i will really do it. take down your scam betting site and your bitcointalk account

Lol yahoo's been a manager of many gambling websites' signature campaigns I can't even count the number and I know him since long time. You think betnomi is his site? That's stupid of you. Because I've seen and know about the betnomi team too and I assure you that Yahoo only manages their campaign, so there's literally no need to try to mud up his reputation without strong evidence, and I doubt you'll ever get one. And the worst of all, you tried to cheat a freeroll? I mean, what the fuck!
1064  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is DeFi? Decentralized Finance Explained on: November 08, 2020, 10:39:16 PM
What I am seeing here in most yield farming defi tokens, is that they are farming or staking for nothing. And then what? Who will buy afterwards if there's no use case?  So will not be surprised if they will go down the drain. It is just hype and pump and dump. Hope buyers will be more smart on this kind of investment. They will lose in the long run.

Exactly, lemme bring you a recent example of one of the DeFi shit  tokens my friend invested in: FLM

It was launched at Binance and people were staking it but not getting enough returns through the same as the volume of staking was so big. Now, my friend didn't stake but rather bought, and bought higher at around 10k satoshis as he thought the project was worth investing just because - 1) It's a DeFi project and 2) It was launched at Binance. I asked him to wait but he didn't gave a damn about it and just bought it and you can see what happened to it in just 2 days. Someone from their moderation told him why did he even buy when he didn't understand the mechanism. I believe that you should do well research about anything you invest into, else you may be in some serious trouble with your investment.
1065  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is DeFi? Decentralized Finance Explained on: November 08, 2020, 10:17:00 PM
Yield farming will soon go worthless tbh, mark my words.
That's because the supply gets up hyperinflated too quick against the USDT that's parked towards staking in order to get rewards. Just tell me why all the DeFi tokens which took off from the grounds didn't even stand high there in order to show their strength? Where did the money go? Wiped out? If yes, why? Because people only look for profits which is why even the most shit DeFi tokens which had nothing to do with that pumped up ^DeFi beast YFI^, were all pumped up to prices they didn't deserve at all.
1066  Economy / Economics / Re: 1000 BTC moved after 10 years on: November 08, 2020, 09:58:06 PM
That's normal considering how so many exchanges move more than 5-10k BTC daily.

And about living with $15 million that may soon be turned into $20 million. I'd just buy a big house with 1 car and 5 bikes, that's my big dream which I want to achieve some day and I know I'll get it done in this life. I'd rather keep 500 BTC with me till a BTC is worth a million dollars and will only spend out of 500 BTC because even when you are rich, you should remember that money attracts more money so I'll just not spend everything blindly and live a normal life.
1067  Economy / Speculation / Re: Paypal accepted the Crypto but it will reduce the BTC marketcaps on: November 08, 2020, 09:12:15 PM
--snip--

Basically looks like contracts that we get while doing leverage trading, but here, no leveraging is allowed. I believe PayPal is just making a fool of us by saying that they will be the buyers on our behalf. TBH, only a fool would buy from them knowing that the coins aren't in our possession (or maybe there won't be any coins at all if nothing is purchased). Buying it from exchanges or P2P markets is a great deal in order to just save our BTC in our own hands rather than giving PayPal the opportunity to do it. Well, who is PayPal here? An escrow (or a bank)? Do we really need a "bank" to rely on when it comes to holding crypto?
1068  Bitcoin / Bitcoin Discussion / Re: Will you buy BTC from PayPal now that they are letting people do it? on: November 08, 2020, 08:59:13 PM
I'm afraid none of us would take the risk of going the PayPal way to buy crypto tbh. Yes I do believe that their announcement is making rounds on the charts but the fact is, we are also aware that PayPal can, any time, put our account on hold, freeze our funds and sometimes we can't do anything about it and so we need to leave our funds there only. See, when BTC is all about privacy, I believe that P2P will always remain the best option to buy it rather than buying it from PayPal where they know almost everything about your details.
1069  Economy / Trading Discussion / Re: Trading without setting stop loss (Risky or Not)? on: November 08, 2020, 08:39:03 PM
I think stop loss is good, but very tight stop loss isn't. I mean, I've been into some very good trades and things went bad when the trades stopped out due to my set stop loss being very near to the  then ongoing price of BTC. Later, the trade went back into the direction I made a prediction for, and even reached my targets. So, it happens but you should also be precise about the level of stop loss you choose.
1070  Economy / Gambling discussion / Re: Did anyone try to "gamble" with ponzi scheme crypto scam services? on: November 08, 2020, 08:22:31 PM
Has anyone tried that?

I believe yes, but not the type of Ponzi schemes you've mentioned. The ones I invested in (in the very early days of such Ponzi schemes) were those doubler sites in which we just need to send our BTC at the given address of the site and just wait (and pray with joined hands) that someone comes in and becomes the last to push the line ahead where we people who entered first, get paid. It gave me around BTC0.5 when BTC wasn't even $1k.

Quote
Have you been successful? Is this kind of gambling popular/common. Has it name?

Umm, there's a saying that "easy money never digests" and so happened with me. I was successful in gaining that BTC0.5 but I went too ill that I got hospitalized and I paid much more than that amount. So, it's better if you earn your money rather than "gambling your crypto into scams". There's no guarantee either that you'll even make a penny out of it if it was intended to be a short term scam. And about name, no I don't believe we've got any name for it.
1071  Economy / Gambling discussion / Re: Cryptocurrency Online Casinos on: November 08, 2020, 07:54:53 PM
@OP, tbh I don't really believe in any "provably fair" system and most sites have it rigged. Next is, yeah, those who buy btc, do take the advantage of gambling by betting it on different websites trying their luck to win more BTC where they already know that crypto can boom any time and if it does, it works like a charm for anybody who bets and wins a great amount of BTC as that's a win-win. The most important part is to know when to stop because nobody can win each and every bet on anything (trust me anything you take and put in front of me, I've got an argument to prove that you can't be a winner forever).
1072  Economy / Scam Accusations / Re: BITSLER SCAM OR MISUNDERSTANDIN on: November 06, 2020, 11:40:59 PM
I've had XRP withdrawals from bitsler many times but never had any issues while dealing with them. I don't believe they can scam as they have always been instant with their withdrawals. If you want to "blame" them, then this is not the right section to post in. Please move this thread to "Scam Accusations" as it might get you their attention as well as the reason why this happened.
1073  Economy / Economics / Re: What is causing last few days' run-up? on: November 06, 2020, 11:30:29 PM
PayPal's news and the big companies' big purchases have lit the markets to such an extent that money started rolling in and volatility entered back into the markets. While these things took place, we also had halving which we thought that it was priced in, but it didn't and I see no reason for BTC to stop this rally and it should continue to rise above the previous ATH. The fact is, sell levels are getting eaten up by the bulls and it looks like there's not stop to this. Next is, it's November and BTC always rises in the last two months of each year (at least based on the last huge pump) and so, everything is being repeated.
1074  Economy / Gambling / Re: 🐺WOLF.BET - $1,000 Daily Race! 30% Rakeback! Advanced Dice Game🎲 2.000 Bets/s⚡ on: November 06, 2020, 10:48:24 PM
Did anyone experienced ever what I did?
I tried to set my email in my profile to verify and it showed "malicious behavior". I don't know why that happened but has any of you experienced it before? What's the solution to this?

@wolfbet, can you please add SMS and email "code" verifications as a part of your 2fa process? I'm afraid Google Authenticator is not something I'd like to use, because if my phone software crashes and I lose everything, I believe I'll lose my access to to the site as well as withdrawals.
1075  Bitcoin / Bitcoin Discussion / Re: dollar vs bitcoin on: November 03, 2020, 05:21:12 AM
nobody dont do nothing for you for nothing:D Smiley faover for faouvere:)

--snip--

I would argue btc is under debt, but from the mining viewpoint most of the time.

Minting anything costs us something, right? But still BTC is not so expensive like when it comes to printing these fiats (I don't have any problem with fiat but when compared with BTC, I believe that BTC will always be preferred by me). The cost of producing notes and mostly the coins of these currencies cost a lot to the Governments and if that is to be compared to BTC, I believe miners have been justified very well since the beginning of it except some times when the profitability decreased (but tell me, did it remain unprofitable forever?). And I "guess" it's the best time for miners when price hikes took place and so did the transaction fees. It was an icing on the cake (I'm not targeting hobbyist miners like you but those who look for profits) when hiked transaction fees were (and are still) being collected alongside the newly minted coins.
1076  Bitcoin / Bitcoin Discussion / Re: dollar vs bitcoin on: November 02, 2020, 11:13:28 PM
nobody dont do nothing for you for nothing:D Smiley faover for faouvere:)

The problem here is, if you even send them all the Bitcoins ever mined till date (even the Satoshi coins), I don't believe it'll make any difference as in comparison, their USD will still remain strong because of the number they print and the number that's already in circulation. And when their supply can easily fulfil BTC traders' hunger of "printing" their own money in terms of gaining more and more BTC, I don't believe that your "favor for favor" bribery will work out. Wink

Can BTC be printed like USD? No.
Can BTC be inflationary like USD? No.
Is BTC linked to a single country or global? Global.
Is BTC highly under debts like these fiats are? No, and you already know the value of debt US is currently under, so once the bubble bursts, what will be devalued? Getting it no?
1077  Bitcoin / Bitcoin Discussion / Re: dollar vs bitcoin on: November 02, 2020, 10:59:25 PM
Why do you want to donate BTC to them? BTC is priceless with a hefty price tag and their printed dollars will literally remain $1 = $1 but BTC isn't the same thing. It's better to keep your coins safe with yourself, and I believe you'll get behind the bars trying to bribe them to stop printing dollars (lolz jk). Though, they won't stop doing it because they do it not in millions but trillions so better let them do it. USD had a great streak upside, still BTC maintained to remain above $10k and reached even $14k (2yo high) and currently sitting at $13575 (Binance at the time of writing this). So it's better to keep your highly undervalued BTC with yourself and throw their dollar bills on their faces.  Grin
1078  Economy / Trading Discussion / Re: $100 USD vs $10,000 USD Trading Capital on: November 02, 2020, 09:58:56 PM
It doesn't look differential to me to think it this way that higher trading capital can gain much more. But people may think that with higher capital, they can try and manipulate the markets (which is next to illegal) and it is true to some extent if they have got a group who does that for profits. For the lower capital ones, the case may be like they can afford to lose that capital and still not worried. Still, for some, it's a higher low capital, while for others it's a lower high capital, for other types, higher high and lower low capital.

For higher low capital, they can afford to lose a big number in their trading despite having a big size account.

For lower high capital, they can't even afford a small balance loss because they believe that their loss is very big, even though their account size is very less.

For higher high, if these people want to, they can just lose their entire capital and considering they are whales, they don't give a damn while for lower low, these people can't even afford a penny and will be very miserable in terms of using their trading capital very wisely.
1079  Economy / Trading Discussion / Re: What technical indicators do you use and why on: November 02, 2020, 08:31:05 PM
I use just Bollinger Bands, that too only when I'm not in a condition to understand the naked charts through my price action strategy. I love watching the whole charts without even a single technical indicator on it. Bollinger bands help me understand the right situation about the markets as well as indicate clearly about the trend and that helps a lot in deciding whether to long or short BTC against USDT.
1080  Economy / Economics / Re: Need of the hour : Use the Crisis on: November 02, 2020, 07:59:32 PM
Wait! $100-$200 in 2-3 days? I believe that when you're starting a business, you should just not think of profiting from it right from the start but you need to figure out how to establish it during these days because it's not that easy at all now that Corona has hit each business and even common man badly. If you think of starting up a food business venture, people may not come because -
1. You are new in the market
2. People don't have money to come and eat at your place like restaurant
3. They don't want to come to your place due to some reason

The money factor is the significant one that comes into play and it will definitely stop anyone starting a business to do it smoothly because -
1. Either you don't have money to keep it running longer without the tension about profits for a few months or even a year or two
OR
2. You don't get enough customers daily to keep it running if you don't have enough money already.

So, research comes into play here. It's better to research in the market about your genre you are going to start up, and then get on the ground with your stuff.
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