I think Tesla's decision to buy Bitcoin is a very appropriate step, because it has been proven that buying Bitcoin will provide benefits for the owner. this makes people or other large companies interested in investing in Bitcoin. This news is an impetus for other companies to join together to achieve success like Tesla. Currently Bitcoin investment has become very popular in the world, Bitcoin provides opportunities for people who want wealth but this is certainly not easy, because it takes effort and hard work.
Although Tesla investors/shareholders are the owners of the Bitcoin profit but their Bitcoin investment move was inspired by the MicroStrategy CEO who talk to Elon about the chance Tesla would have had if they invested in Bitcoin early before Elon and the board talked about it. |
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I learnt that the bounty payment was not sent and here you're claim payment was made. Why?
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To be honest, I don't quite understand those who start working without experience. You need to understand that this option most often ends with only losses.
You may be right but not in every situation cause they depend on something. Ask yourself, who trained the first Doctor to be existing in the human race? Who trained Norton and every other scientist in human history? The main reason why people make especially the newbies make lost is before they don't do adequate research though a mistake is expected in the first step. |
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There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
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Can signals provided on Twitter be trusted?
No, either it is from telegram (the marketplace of scammer), Facebook, Reddit, etc. It cant be trusted cause it will always be the venue where people's trust is abused but you can follow the analysis decision of influencer people like Willy Woo just to compare your own trading before making a decision cause it is very important to aways to your own research
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The good thing about the Chinese ban on Bitcoin is that it always open another door of opportunities to another player in the field and I could remember the time they place a ban on Bitcoin in year 2018 if I can remember correctly, a lot of experienced investors make huge profit through and this is what we also see again when the ban Bitcoin mining.
In the meantime, we will see if they are going to get in additional income taxes after the Bitcoin mining
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I totally agreed with the OP for this is awake up call every individual that sold their Bitcoin holding early and later regret selling when they ought to have to think twice before selling it.
I will give this conversation a topic, if you're not ready for the outcome of the result don't f*cking sell.
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Only naiveness will make anyone stop believing in Bitcoin cause if it can survive during the season of fud when the government placed a strong restriction on it when some banks and private institutions don't recognize it as a hedge during the world economic meltdown. Why would anyone stop believing in it now that some banks and private institutions recognize it?
It doesn't look so well.
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If Bitcoin was an asset or a currency is a question we shouldn't ask again but unfortunately that some people are still naive about what Bitcoin was.
Bitcoin is an asset and currency but what defines what Bitcoin is to everyone one of us is how we currently use it. Some people currently use it as a currency while some people use it as an asset for future benefit.
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Selling all the altcoin, the small BTC and BCH to USDT seem to be a good idea since the withdrawal fee of USDT is always 1USDT on Binance. However, if you don't mind changing the whole coin to LTC, Tron, and Stellar which are the altcoin with the cheapest transaction fee.
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Seriously binance is now getting very hard to use now before kyc is not really mandatory for every binance members but there is a limit which you can withdraw in a day but now before you can trade any coin you will have to verify your kyc first, which I don't really agree with kyc because you are definitely revealing your identity for people.
Finance is a centralized exchange to begin with, which means at some point Binance will have to make KYC a must for all their users cause it was a centralized exchange right from the beginning and that's the reason why they have to obey the rules and regulations of the authority. If you value your privacy make use of the p2p exchange. |
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Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against Kraken for illegally offering margined retail commodity transactions in digital assets, including Bitcoin, and failing to register as a futures commission merchant (FCM). Kraken, founded in 2011, is one of the largest digital asset exchanges in the U.S. The order requires Kraken to pay a $1.25 million civil monetary penalty and to cease and desist from further violations of the Commodity Exchange Act (CEA), as charged. The CFTC’s order finds that from approximately June 2020 to July 2021, Kraken offered margined retail commodity transactions in digital assets to U.S. customers who were not eligible contract participants. According to the order, Kraken served as the sole margin provider and maintained physical and/or constructive custody of all assets purchased using margin for the duration of a customer’s open margined position. Where a customer purchased an asset using margin, Kraken supplied the digital asset or national currency to pay the seller for the asset. Kraken required customers to exit their positions and repay the assets received to trade on margin within 28 days. Customers could not transfer assets away from Kraken until satisfying their repayment obligation. If repayment was not made within 28 days, Kraken could unilaterally force the margin position to be liquidated. Kraken could also initiate a forced liquidation if the value of the collateral dipped below a certain threshold percentage of the total outstanding margin. As a result, actual delivery of the purchased assets failed to occur. These transactions were unlawful because they were required to take place on a designated contract market and did not. Additionally, by soliciting and accepting orders for and entering into retail commodity transactions with customers, and accepting money or property (or extending credit in lieu thereof) to margin these transactions, Kraken illegally operated as an unregistered FCM. The Division of Enforcement staff responsible for this action are Daniel Jordan, Rishi Gupta, Erica Bodin, and Rick Glaser. Philip W. Raimondi of the Legal Division, Richard Mo of the Division of Data, Rachel K. Reicher of the Division of Market Oversight, and former staff member of the Division of Market Oversight, Thomas Leahy assisted in this matter. Source |
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My own definition of quality posts is messages that influence, enlighten the mind of readers to something new or important but still, a prolonged quality post can be troublesome especially to someone that needs help with his holding or wallet problem.
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I must admit that I have really missed the bull market. We haven't seen it for months and I can't wait to see a new one. Because the market is in a very bad condition as it seems. Bitcoin price is still struggling to go up to $50k again. Some people claim that a new bull run or a rally is closing in but I don't know. I hope that they are right about it.
If you have missed the bull market, the best thing you can do is to be prepared for a new one but I am sure if that will happen this year again because the positive news of Bitcoin legalization in some countries lately is not some an effect on the market price which I believe it a sign that the Bitcoin halving effect is over. The next phase is t be prepared for the big market correction. |
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Bitcoin is currently used for investment. So the use is to hold bitcoin and develop it, such as from mining, programming and also trading. There bitcoin can be developed and its value will increase from the estimated price of fiat. Although bitcoin itself remains at its value.
This applies to the people that see Bitcoin as an asset but if we want Bitcoin to fully fulfil its functional base on Satoshi Nakamoto vision, as stated in his mail archive. Bitcoin is not just for investment, holding to accumulate more, it is also a currency and if it not use as currency it wont be mainstream of payment in the future. |
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Yes, exactly. It is not an easy thing to make profit in cryptocurrency. In addition to having skills in trading, patience and perseverance to always see market conditions are also major factors. Some of them leave crypto because they don't have enough concentration power to learn and don't do risk management. So the result of not having good skills leads to instinctual decisions and a bit of analysis.
Yes but most of the cryptocurrency traders I know leave trading due to big loss and also to prevent addiction because crypto trading is categorized as gambling and once a trader is addicted to it he will always watch the market price every minute of the day. Besides, I have seen a lot of trading on the street walking and checking the chart. |
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It is never too late to jump in the Bitcoin train and I believe it will be only late if someone chooses not to join or after the total 21 million coins are mined cause the Bitcoin holder will choose to use them as an asset. Technically the demand for Bitcoin in the market will be high while the supply will be little.
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I think it should be FUD, who lacks patience and confidence in his choice
if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering. FUD should not be part of the losing because this is tolerable . but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing . Seriousness and confidence are not enough to prevent investors from making a loss in Bitcoin investment if the seriousness and confidence are not back with concrete knowledge. The same thing goes in every organization, the person with knowledge will always be on top and also outstanding among others. |
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