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1  Economy / Speculation / Re: Bitcoin on its way to $100000?! on: April 02, 2022, 06:16:49 PM
Just reading about the new EU rules they are considering.

I can understand registering transactions to and from €uros. Proof of ownership to stop criminal money and all...

But if they want us to register each transaction then they should do the same for cash money. Basically turning the EU in Hitlers fourth reich.

And maybe I'm a dumb fuck for stating the obvious but all transactions are recorded....it's called the blockchain...

In my country there is no legal requirement for persons to keep any books or record of transactions (only for companies) so there are going to have to big changes in laws.

Hi Wilhelm, now you get my point right? It is not that I am against regulation per se that aims at preventing fraudulent activities. What they want to achieve is that private transactions with decentralized currencies aren't possible anymore. If you have to prove the origin of funds every single time, it is much much different than what we experience when we sell our bike on ebay or craigslist for cash. Nobody in the world will ever ask you where the 150 Euro/USD are from that haven't been there yesterday!
The only way you can transact privately will be through verified wallet addresses with centralized verification and wallet service providers involved. I guess that could count as a very wordy description for a CBDC. Agree? Wink There is no such thing as anonymous wallets with CBDCs, and that is essentially what they want to currencies like Bitcoin into, should the wider public refuse to adopt CBDCs.

In my personal opinion that's bad news. But I do see a possibility in the mid- to long-term future. All these 50 - 60 years old dudes running the councils and parliaments now will once be superseded by a younger, digital generation. The question than just is whether the banking sector by then is still equipped with the same political power as they are now. Or whether crypto businesses will take over.
2  Economy / Speculation / Re: Bitcoin on its way to $100000?! on: April 01, 2022, 03:49:19 PM
Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.

Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year.
100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$.

I am having some troubles - especially with your last line.

You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event.

Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price.  Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here...

Yeah, such price appreciation up to $100k would not be a cake walk,  but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time.  Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional.

I would agree, but I don't think it is all too much about the "if" here. Rather about the "when", taking into consideration shenanigans as they are about to be approved by the European Union. I think that does slow down the almost inevitable increase in Bitcoin's price on its way to 100k. Making unhosted wallets such a pain in the ass is bad and will slow down adoption. People here might know when and if to pass KYC and so on. But those from Europe who are new to crypto and like the idea of setting up their own wallet and play around, if they now have to go through KYC for every address they set up for themselves, that sucks so much!

Aren't we even well advised to set up new addresses frequently in order to preserve privacy? Now you soon might be forced in the EU to get them all verified, Imagine the hassle! I repeat myself, but I guess that is a pretty big bump in the road to 100k. Sad

The whole KYC thing has been here for a while with normal bank accounts.

IMO if you can vouch for the source of your coins and the fact that you've paid taxes on them, then there's not a big problem. If countries can tax crypto and prevent crime then there is no reason to stop it's adoption as legal tender.

But yes if you got them from ISIS, selling drugs or hacking MtGox then it's going to be problematic.

And I agree that it sucks if you have to jump through hoops to be able to buy/sell your funds.

I am not sure in how far you are aware of the details, but Brian Armstrong laid them out pretty well on Twitter and doing some research on that, it's true what he writes. It is as if you would have to show your ID card for every single transaction that involves cash. Even worse in crypto, you have to undergo a KYC procedure for every wallet address. Every transaction from 1000 Euro onwards must be reported to authorities, even your rent payment. As Armstrong says, even if you send your cousin who suffers from an emergency some money. It is pretty crazy if you ask me.

Proper blockchain analytical tools might be much better here. The examples you mentioned probably involve a little more money and the ordinary Joe could still live an ordinary life. Transactions or transaction clusters involving ISIS are probably exceeding 1000 EUR slightly. Even if smartly funneled, I guess analytical tools could catch them while still allowing other, law abiding people to transact with one another without getting X-rayed permanently.

To me this is going too far. It won't stop Bitcoin, but I stick to my statement that it could slow down adoption by quite a bit as I don't have to go through all the hassle if I stick to fiat.
3  Economy / Speculation / Re: Bitcoin on its way to $100000?! on: April 01, 2022, 03:25:40 PM
Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.

Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year.
100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$.

I am having some troubles - especially with your last line.

You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event.

Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price.  Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here...

Yeah, such price appreciation up to $100k would not be a cake walk,  but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time.  Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional.

I would agree, but I don't think it is all too much about the "if" here. Rather about the "when", taking into consideration shenanigans as they are about to be approved by the European Union. I think that does slow down the almost inevitable increase in Bitcoin's price on its way to 100k. Making unhosted wallets such a pain in the ass is bad and will slow down adoption. People here might know when and if to pass KYC and so on. But those from Europe who are new to crypto and like the idea of setting up their own wallet and play around, if they now have to go through KYC for every address they set up for themselves, that sucks so much!

Aren't we even well advised to set up new addresses frequently in order to preserve privacy? Now you soon might be forced in the EU to get them all verified, Imagine the hassle! I repeat myself, but I guess that is a pretty big bump in the road to 100k. Sad
4  Economy / Services / Re: [OPEN] Jambler.io Signature Campaign | Up to 0.005 BTC/W on: March 20, 2022, 02:54:14 PM
Username: temple
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5  Economy / Services / Re: [OPEN] Arcona.Space | X-Reality Metaverse | Signature Campaign ~ Sr. Members+ on: December 17, 2021, 06:47:43 PM
Bitcointalk Profile Link:  https://bitcointalk.org/index.php?action=profile;u=196809
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6  Economy / Speculation / Re: Is Bitcoin bull market back on: December 02, 2021, 08:10:04 PM
After successfully rising to $65K in a span of 1 month, bitcoin is now down again. Even for now, BTC is still hovering around the $56k price level. This price decline is quite significant and certainly becomes the attention of all investors. However, I think, now is the time to buy BTC and then HODL. because the market is currently still in a constantly changing price trend. There are still many possibilities for going up, but on the one hand it could also go down again.
The market trend is always changing all the time it's normal for me bitcoin to stay above $50k is still a high price but I'm still expecting another hike higher considering the current trend is in the market longer but investors assure that it will definitely rise happened at the beginning of the year however, well if you believe in that positive belief then by buying and holding I think it's right we just wait for the results to be sold but we have to see some market reactions in this December.
I will continue to take opportunities when the price is correcting or entering a bear market.


I wouldn't call this price decline significant in crypto terms. I would for any other market, but in crypto we have seen that over and over again. What I think when this question about bull market or bear market is raised again, it also all depends on the time span. When something doubles or even triples in price over the course of the year, but then drops by 20% within a week, what type of market are we in? We came from around 19k and are now at around 56k, if you take a ruler and put it on your graph, is that a bear market? Isn't a bear market really a situation where selling pressure constantly pushes the price down over a longer period of time, and by that I mean at least a couple of months. Perhaps the word correction applies much better here and you will have corrections in essentially any market, but now correction automatically means that we are in a bear market.
7  Economy / Speculation / Re: Bitcoin run up is coming on: December 02, 2021, 07:39:20 PM
I don't think that Corona Virus is still affecting the market , there are even many variants comes out recently and yet the market did not respond so nope this is not the real effect.
and price drops down sharply? lol bitcoin only fell down to 56k from 58k so is that a hardly falling? I'm not sure what does that mean  Grin

Anyway  the market is responding good now again so the virus effect is losing?  Cheesy
I would say "market" does react to it, but it reacts this much and not more. So, it is of course not a great situation and I get it, but at the same time it is not end of the world type of situation neither. We should be basically just forget about the huge ups and downs due to covid anymore. With some more increase here and there, there could be some small drops as well, or if there are better vaccinations or better numbers suddenly then we could see some increase but that's about it.

Plus, I do not agree that covid being bad should make bitcoin price drop neither, I believe that if covid suddenly got worse than bitcoin should go up in price. World getting a lot more online was one of the main reasons why we had such a huge price in bitcoin for the past 1.5 years, if the world goes back to being almost fully online then bitcoin could probably reach to 100k.

I think what has an influence when it comes to covid is fear and uncertainty when people would actually like to make their buying decision, but they really can't because they don't know in what situation they will be in a couple of months from now. Everyone is a bit more careful or even a lot more careful when it comes to investments and that is totally comprehensible. We might see that uncertainty stay for a while, but maybe we will have an even better Spring for cryptocurrencies in 2022. That is my guess for how this all could play out.
8  Bitcoin / Bitcoin Discussion / Re: What if governments make Bitcoin centralized? on: December 02, 2021, 07:34:23 PM
Have you ever thought about Bitcoin becoming centralized someday? The ever-growing mainstream adoption of Bitcoin worldwide will only lead us closer to such scenario. To our surprise, El Salvador became the first country to adopt Bitcoin as legal tender. The more popular the cryptocurrency becomes, the more countries will be tempted to follow El Salvador's footsteps. Imagine governments making their own mining facilities, or even buying pre-established mining companies in order to gain a piece of the pie. If they manage to control more than 51% of Bitcoin's hashrate, the cryptocurrency will effectively become centralized. That, and the fact that they already control centralized exchanges is a very alarming situation for the future of Bitcoin.

Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.

What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks. Smiley

Good thing that bitcoin is decentralized already and there's no way they could make it centralized by cheating or hoarding coins, it would totally make no sense even if they wanted to, bitcoin had far started more a decade ago, government would take action at large as late as today.
Take for example China, we all knew that they're trying to control cryptocurrencies or atleast make them an overseer or middleman about the transactions, but look at China now, they have given up already and took a legal action to ban bitcoin across mainland China.

And I don't even trust that move by the Chinese government. Do you really think they don't possess any Bitcoin? I just can't believe that. China is a big player in literally any important game all around the world and just think about the idea that they gobbled up loads of Bitcoin when it was between $500 and $5000. 200k BTC at $5000 is just a billion USD. That's pocket money for them. Now think about the idea that they started way earlier than that. There is a real possibility that they own enough Bitcoin to certainly not miss out on the incredible potential it has financially and perhaps even geopolitically.
Lots doesnt have that trust on the government specially on banning something but they do actually possess something which it isnt really that surprising for that kind of behavior.
You couldnt really trust up on any decisions that they would make and of course they would do actions that they would benefit them out and wont really be tending to go
to the path on which they do seems that it will really be a disadvantage to them.
Making bitcoin centralized? We know it is technically impossible thats why they do focus on platforms that is attached to it.


The terms centralized/decentralized is also not either or. Could the government make Bitcoin more centralized than it is now? I guess so because governments could also acquire mining hardware and run specialized facilities, but I don't think they would do that. By now the best position a government could be in is if they already own a huge amount of Bitcoin. That is what I am saying about China. Even if they banned it, they are only in a bad position for now if they don't own any Bitcoin.
9  Economy / Speculation / Re: will we witness year end bullrun or bull trap? on: December 02, 2021, 07:29:28 PM
I think that we are somewhere in the middle now. The current look of the market is like open to every kind of result. For now, Bitcoin price is trying to cling to levels around $55k and $60k. The crucial point is this I assume. If it goes down below $55k, we might see the negative movement contuining. If the opposite happens, then I'd expect the rise to continue.

Bitcoin is hovering between 55,800 and 56,500$  for last few hours. I do not see any buying pressure at the moment and if this continues we might witness a dump of bitcoin price below 55,000$.
Is the New variant of covid the reason for this current bitcoin price movement ?

But this is all within an acceptable range. Dropping below 50k would make me more nervous, but even then I don't think we will see a serious bear market anytime soon. There might be a certain window within we could be moving up and down for a while, but I don't really expect extremely significant moves in either direction.
10  Economy / Speculation / Re: What if $70k was Bitcoin ATH for the year? on: December 02, 2021, 07:12:03 PM
I would be quite pleased if the Bitcoin price would finish the year with a level like 70k dollars. Because I have bought some more after seeing the price going down below 60k dollars again. And I reckon that it can reach even a bigger level than 70k dollars if it starts climbing soon again. I wouldn't say no to a price like 100k dollars as I would nearly double my recent investment.  Grin

I can tell you who would say no to 100k dollars - people who are still busy building their own investment position. It is not necessarily a bad thing when Bitcoin stagnates for a while. It gives people time to find about it, inform themselves and build their own position. More people create more liquidity and thicker order books. Now it is true that this can also increase selling pressure, but in the long run I would argue that it creates new ATHs that work like a compass for what is achievable for Bitcoin. We might not go as fast to 100k with more liquidity, but once we reach 100k it is also less likely that drop back to 60k like a rock.
11  Bitcoin / Bitcoin Discussion / Re: Do you guys think 0.1BTC is enough to "make it"? on: December 02, 2021, 07:07:20 PM
Considering the supply vs global population = 0.003BTC per person to go around.

Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.

Do you think 0.1BTC will be like owning a mansion?

There is usually a limit to everything. Bitcoin won't increase in price forever, or let's say at least not at a pace that it makes the most interesting investment for new investors. When you say that all want in, would you want in if you were new and saw a $1 million Bitcoin price? By then there might be other interesting asset classes or even just coins that you prefer over Bitcoin because first you think the investment potential is better and second because for some reason you value the technological capacity higher.
I don't know whether there will ever be any serious use cases where people would simply need that, but it is not like the more Bitcoin rises in price the more people want it. As long as people believe there is speculative potential or when the utility is a convincing pro, people would buy it. Otherwise we would at some point be discussing Bitcoin as a Giffen-good.
12  Bitcoin / Bitcoin Discussion / Re: The Role of BTC in the metaverse? on: December 02, 2021, 06:58:51 PM
Depends on what people in the metaverse want to do. Most of them would surely pick coins and tokens that are fast and seamless in transfers, and bitcoin wouldn't really fit the bill. Though it can be used as a governance token, but only to some extent.

Personally I'm not really buzzed about the metaverse being a reality. It's just a word that they're using to attract a lot of people into whatever tech they are developing. We are headed for digitization of most things anyway, so no matter what they call the future, it'll happen anyway.

I would agree with you for now, but there is a lot of research already being conducted about stimulating mirror neuron reactions and many other things.

Concerning what has been said about Facebook and its role for building a/the metaverse, would the US government even allow for Facebook to become so powerful that they will be able to use their own currency Diem? I know it is long ago, but when companies are too powerful the US has proven in the past that they would be willing to break up corporations. When we talk about Facebook or Amazon, they have become so huge isn't it more likely that the government puts a stop to that? The idea that Facebook might one day be able to manipulate peoples' neural reactions is quite weird. They do already to a certain degree, but what then if we are talking serious neural manipulation? That rather sounds like if it was likely to end in a disaster one day.

I do think though that Bitcoin's role could be somewhat limited due to the speed of transactions. Who knows whether it can be efficiently scaled once the Metaverse - whatever that is supposed to be in the future - becomes a real thing.
13  Economy / Speculation / Re: JP Morgan: bitcoin could hit $146,000 on: December 02, 2021, 06:44:10 PM
JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  Cheesy

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 

It is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so. Cheesy The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days.

https://dailyhodl.com/2021/11/04/jpmorgan-analysts-challenge-100000-bitcoin-predictions-say-btc-currently-overpriced-report/
14  Economy / Speculation / Re: Are we in 2017 again? How do you feel about the price chart today? on: December 02, 2021, 05:26:34 PM
The next halving is expected in 2024. Until then, Bitcoin price should be able to reach $100k or above without having much problem I guess. The current ATH is $68k. There is nothing holding the price back from achieving a better success than this. It is just resting for now at around $57k. All we need is a delightful bull run. Then things will be very easy.  Cheesy

We shouldn't be looking naively at Bitcoin. Of course everyone wants to see only the upside potential, but that is not realistic. We have seen that the last crypto "winter" did indeed take some time. That could happen again. Now I don't think it would as rough as in 2017 because Bitcoin has made progress and more entities are accepting it so it would surprise if we five years further but could see a hard crash regardless. But after all we can't dismiss the fact that there are still a couple of uncertainties in terms of Bitcoin's potential. Political uncertainties, also economic uncertainties and the crisis.
Coinglass.com shows that Bitcoin is a bit more long than short, but I am not sure how representative the data on Coinglass actually is.
15  Economy / Speculation / Re: Can BTC rise to 1 million US dollars? on: December 02, 2021, 05:09:20 PM
BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together. Smiley
I think there is a big chances that btc will reach a million dollars at price, but it takes time and not in four years from now , it needs maybe 15 to 20 years from now,because if we look at the btc price today and compair it to past price we can really see that bitcoin price has risen and never full back.

That won't be an easy one for the asset class to grow to $20 trillion. I just looked it up and gold was around $8 trillion in 2018. I believe we are still in a great position to grow a lot, but $20 trillion is quite the jump from where we are right now.
16  Economy / Speculation / Re: Buy the DIP, and HODL! on: December 02, 2021, 05:02:43 PM
Watch John Bogle’s advice in how to invest in stocks and equities, https://www.youtube.com/watch?v=doKsy4itiRE

John Bogle was a HODLer-type, and was the founder of The Vanguard Group.

It’s obviously very applicable in Bitcoin’s HODL-style investing, and he also addressed and encourged a dollar-cost-averaging strategy. BUT, he also said that an investor should “get in right in the first place”. Is the current market the right time to enter? I believe it’s an opportunity, but leave yourself more capital to average down because no one gets it in right unless you’re very lucky.


You can DCA your way, because maybe you’re rich, with unlimited capital. A pleb like me has limited capital. I can’t waste it by buying stupidly at any price.
[/quote]

The issue is that it is often only possible to tell whether you bought stupidly or smartly in hindsight. Bitcoin surprised investors again and again, me included. Yet I did buy the dips a lot, but as you said you need to be relatively rich or have reasonable income streams to also be able and buy the dips or to not get too stressed out when you thought you were buying a dip but you didn't. Those who had a lot of money before Bitcoin went for the first big rallies also made the most money. It is easer to justify holding when you have 10 million in the bank and your Bitcoins are now worth 30 million and you still don't sell compared to having 10k in the bank and the Bitcoins you are holding are now worth 30k. From a certain point onwards, and of course depending on your lifestyle, it is much easier emotionally to drive the Bitcoin rollercoaster.
17  Economy / Speculation / Re: What make people panic sell? on: December 02, 2021, 04:53:27 PM
Everyone has a target/aim of certain profit. If that's achieved then yes they sell their Btc and wait until they do see a low price to buy. And yes the panic sell and buy usually happens when there is a sudden news heard on social medias and often it happens to the new traders. They see their friends getting profits and invest without much knowledge and experience. The get shaken when they see either price going high suddenly up or down. This move only can be eradicated only when they slowly get experienced with losses.

You would think that everyone has a target, but when Bitcoin rises quickly or drops quickly you might adjust that target in the short-term. In my opinion adjusting your target based on new information is standard, but it also should be standard to be happy if your target gets hit even if the price increases further. Nobody forces anyone to sell 100% of your holdings, so why not just sell 33% at a certain target if it's worth it and then keep riding the waves.
18  Bitcoin / Bitcoin Discussion / Re: What if governments make Bitcoin centralized? on: November 25, 2021, 08:57:21 PM
Have you ever thought about Bitcoin becoming centralized someday? The ever-growing mainstream adoption of Bitcoin worldwide will only lead us closer to such scenario. To our surprise, El Salvador became the first country to adopt Bitcoin as legal tender. The more popular the cryptocurrency becomes, the more countries will be tempted to follow El Salvador's footsteps. Imagine governments making their own mining facilities, or even buying pre-established mining companies in order to gain a piece of the pie. If they manage to control more than 51% of Bitcoin's hashrate, the cryptocurrency will effectively become centralized. That, and the fact that they already control centralized exchanges is a very alarming situation for the future of Bitcoin.

Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.

What are your thoughts? Will Bitcoin be able to remain decentralized for the foreseeable future? Or not? What do you think will happen if governments fully embrace Bitcoin as the replacement of Fiat? Your input will be greatly appreciated. Thanks. Smiley

Good thing that bitcoin is decentralized already and there's no way they could make it centralized by cheating or hoarding coins, it would totally make no sense even if they wanted to, bitcoin had far started more a decade ago, government would take action at large as late as today.
Take for example China, we all knew that they're trying to control cryptocurrencies or atleast make them an overseer or middleman about the transactions, but look at China now, they have given up already and took a legal action to ban bitcoin across mainland China.

And I don't even trust that move by the Chinese government. Do you really think they don't possess any Bitcoin? I just can't believe that. China is a big player in literally any important game all around the world and just think about the idea that they gobbled up loads of Bitcoin when it was between $500 and $5000. 200k BTC at $5000 is just a billion USD. That's pocket money for them. Now think about the idea that they started way earlier than that. There is a real possibility that they own enough Bitcoin to certainly not miss out on the incredible potential it has financially and perhaps even geopolitically.
19  Bitcoin / Bitcoin Discussion / Re: Apple CEO Tim Cook invests on Crypto on: November 25, 2021, 08:52:47 PM
Why is it big news that a man you didn't even know his name until today invested in cryptocurrencies, and Bitcoin is not mentioned anywhere? A man may have invested a few hundred or a thousand $ in some altcoin, and some call it great news, completely ridiculous from my perspective.
I get your line of thought, but then Mr Cook isn't an unknown entity as such. We can conveniently say though that he isn't a force to reckon with in the crypto space. Of course, he isn't. But who knows, people and interest do change. Maybe he's at this point realizing the need for the switch. Quite understandably, the paradigm shift is a gradual process for a lot of these old folks. And like you jocularly talked about him bringing Warren Buffet over, there's a possibility to that; I should think 🤔. After all, birds of a feather flock together. If they continue to stay out and away from Bitcoin, it's their loss. Just the same way it's for China.

I think people of his calibre are mostly thoughtful about what they convey to the public. Not everyone is like Elon Musk tweeting all day long what they think about Bitcoin. I can very well imagine that Tim Cook has been holding cryptocurrencies for quite a while, but would he necessarily decide very early on to make it public? I would rather not I guess, if I were him. Maybe he is trading cryptos like crazy, but would he make that information public? I really doubt it. By now he knows for certain that cryptos are here to stay and before politicians might decide for some moves against the digital revolution that he (now) has a stake in, he rather decides to raise his voice and let everyone know he has skin in the game.

Really difficult to tell whether he just recently bought cryptos or whether he is in it since 2012.
20  Bitcoin / Bitcoin Discussion / Re: 41% of people globally say they trust Bitcoin over local currencies on: November 25, 2021, 08:49:18 PM

Although, I understand this is probably a localised issue, but where I live most people seem to be quite hostile towards Bitcoin or just simply don't know enough about it. I would be interested in looking into exactly where this was conducted, what sort of background the respondents were from, since I find it hard to believe that almost half the population think Bitcoin is more trustworthy than local currencies.


I agree that the numbers will vary greatly, depending on the region of residence and economic realities in the country. For example, in my country, according to last survey, 50% do not trust cryptocurrencies, and for this reason do not own them. Another 28% do not own, because they think they lack technical equipment, although no super-equipment is required for this. 20% do not understand the turnover system. We can conclude that people generally do not own cryptocurrencies, because they do not understand them, but find other reasons to hide their ignorance. I'm not saying that they understand the local financial system well, but at least there they know that national currencies are provided by the state, so the degree of trust is higher, since there is still not enough information about cryptocurrencies for them.

I think that the result of those polls also significantly depends on the demographic details of the type of people who get asked. If you ask the younger people who are playing around with finance apps trading digital currencies already, the result will be significantly different compared to the answers you get from people of the elder generations. I would say by now the majority of people between 18 - 35 years of age are in favor of cryptocurrencies.
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