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1301  Bitcoin / Bitcoin Discussion / Re: At What Age You Got into Bitcoin and also Trading? on: January 04, 2023, 08:05:43 PM
Lots of bandwagon replies on this topic.

Age is a factor when discussing acceptance of new technologies or ways of doing things. This of course doesn't mean that the elderly are limited or incapable of learning new innovations, but they are more likely to stick to what they are familiar with and have a lower level of curiosity when compared to the younger generation.

The topic might not be very irrelevant to this board, but that doesn't make the observation wrong.
And OP, this would be better as a poll as users here might not want to reveal their age to the public.
1302  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: January 03, 2023, 09:45:29 PM
A tense goalless draw at the Emirates, which seems like a loss for Arsenal. The gunners have their 100% home record broken and Newcastle continue their fine form against top half of the table teams.

Arteta's men would feel some refereeing decisions went against them, particularly the addition of only 5 minutes, despite obvious time wasting strategy from Newcastle and a late handball call for Arsenal, which would have been a decisive penalty.

This was always expected to be a tough game and despite giving no goals, it didn't disappoint in action.
1303  Economy / Speculation / Re: Will 2023 be another up year for Bitcoin? on: January 03, 2023, 08:58:31 PM
Does 'UP' mean finishing the year at a higher price than at the beginning or does it mean having more uptrends during the year over downtrends? I'll assume it means the forner as it's much easier to calculate, but the pic doesn't give much information.

After analyzing the year 2023 from here, it is seen that Bitcoin will rise. But do you think bitcoin will be up or bitcoin down in 2023?
I haven't or cannot analyze the year, cause we're only three days into it, but we're already at or close to the bottom, so the likely direction we would he heading during the year is up, how high and for how long we would stay at a higher price cannot be predicted.
1304  Other / Off-topic / Re: Does money bring you security ? on: January 03, 2023, 10:52:45 AM
In my experience, a lot of rich people are living in anxiety and fear.
In my experience every poor person lives in anxiety of where the next meal would come from, or where to rest their head for the night.
Life has its anxieties and different circumstances can impact that relatively.
• Fame could make one more insecure about themselves,
• Money could make one a target for robberies and attacks (reason it's always said to not reveal that you own Bitcoin, cause it's suggested to be valuable by most),

This makes it all relative, but the reality is, with more money, you can afford to live in a now secure environment, drive more secure vehicles and possible afford a security detail to protect you and your family. All these makes one safer.
1305  Bitcoin / Bitcoin Discussion / Re: Can offline wallets ever be hacked? on: January 03, 2023, 02:24:24 AM
So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
An offline wallet cannot be directly hacked, but if you link the private keys to an online sorage system, that can be hacked and once your keys are revealed, the hacker can make away with the bitcoins regardless of whether it's online or offline.

In a later tweet he hinted that this could have been due to a compromise on bitcoinknots, which Luke helps develop and maintain.
It's an unfortunate loss and a significant one at that.
If there's any take away from this, it's not to get complacent with your wallet security.
1306  Bitcoin / Bitcoin Discussion / Re: Will it be profitable for the business? on: January 02, 2023, 09:23:00 PM
How about you conduct a survey to know how many of your customers would be willing to pay in Bitcoin? This would let you know if there's a market for Bitcoin payment option with the service you're providing

If at the end it proves that there is, all you need to do is to use the most suited payment gateway for your business, this would make volatility not to be an issue at all, since the payments would be converted to fiat instantly.
1307  Bitcoin / Bitcoin Discussion / Re: Did Satoshi change his mind on certain subjects? on: January 02, 2023, 02:03:33 PM
December 10 2010 - Satoshi anticipates that the block size might get kept small to allow as many users and small devices as possible
https://bitcointalk.org/index.php?topic=1790.msg28917#msg28917
I seem to be reading a different meaning into the threads you linked.
Here in December 10, Satoshi only hint to the block size was; "...Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.", meaning that he anticipated there would be a resistance to any increase in the block size for the obvious reasons.
And reading a bit about the history of the blocksize limitations here, there existed such a debate, both for and against an increase.
While this post by Satoshi does not explicitly mean a change of mind imo, there's nothing wrong in changing your mind with more information and after trying out the first proposition. Bitcoin has been a work in progress for a number of years.
1308  Other / Beginners & Help / Re: New to Bitcointalk - Where to safely purchase Bitcoin? on: January 02, 2023, 09:58:44 AM
Firstly, ignore any PMs you may get regarding this post. Making it public that you're about to purchase 3BTC and asking for some sort of assistance would surely attract lots of scammers to you.
Also, why not make a smaller transaction first, and familiarize yourself with how Bitcoin works and how to store it. As you said, you've never purchased any cryptocurrency before, so it's much better to start light and grow your investments as you learn more.

1- If I were to transfer my BTC from a cold wallet to a hot wallet would this weaken the security of the cold wallet or increase my chances of being hacked?
2 - Where can I securely buy BTC from without paying ridiculous fees?
3 - What are your predictions for BTC in the next 12 months?
• It doesn't necessarily weaken the security, except that when you make a transaction from a wallet, it exposes the public key and further transactions from it can be traced. Ideally when sending out from a cold wallet, you should not reuse it.
• It heavily depends on your location. If you have a local board on the forum, it would be a good place to ask.
• More of the same in 2023, possibly some upwards movement towards to $25k - $30k range, but mostly sideways movement.
1309  Alternate cryptocurrencies / Mining (Altcoins) / Re: will this damage the device? on: January 02, 2023, 04:36:07 AM
Are you running one of those cloud mining software?
Bitcoin mining has become very competitive over the years and operating as a solo miner has become less and less profitable, particularly when you're operating with just your personal computer.

what I'm asking is whether this will damage my CPU and my mining tools later? and what should I do to deal with this to continue my bitcoin mining?
An inconsistent power supply would further reduce your chances of earning slightly, but shouldn't do more damage than that, except the amount of volatge being supplied is inconsistent. For this, you can get a surge protector for your device or stabilizer (depending on what it's called inbyour locality).
1310  Economy / Currency exchange / Re: Looking to sell bitcoin in person on: January 02, 2023, 04:03:02 AM
If you're being privacy conscious, then meeting up with someone in real life doesn't seem like the best or safest option for me.

• Use a decentralized P2P platform like bisq,
• Mix the coins before sending starting the exchange,
• Select a privacy inclined payment option.

This ensures your privacy and doesn't expose you to the risk of meeting a total stranger, who is aware you own a highly valuable asset and could have much more than you're trading at that time.
1311  Economy / Economics / Re: BIS draws up framework to allow banks to hoard crypto in 2025 on: January 02, 2023, 03:56:36 AM
Would be interesting to know what the Bitcoin community thinks about this.

For one, such purchases at such value would need a commensurate increase in the value of the asset to accommodate it, meaning the price of Bitcoin would have to grow to reach the demand, in another hand, it increases the amounts held by centralized agencies.

but the group 2b have descriptors where the "market cap" needs to be above 10billion. and market volume of over 50m a day. meaning that rules out alot of crap coins from being in the group 2b category (sorry doge. no go, no throw, no mo)
And it lets in a handful of crap coins. Plus doge at a market cap of $9.5 billion could very well be in that category before 2025.
1312  Other / Meta / Re: Moderator Account may be compromised? on: January 02, 2023, 03:43:38 AM
Also, it's a pretty bad fucking sign when one of the top contributors is getting rekt.  I suspect we will see some severe dominos flopping this year.
While I'm on the side that his social handle was compromised and the tweet could likely be fud created by who controls the account now, I would also say that should it be true, it doesn't reflect on the state of the Bitcoin protocol.

An experienced user can make a mistake an slip up, this doesn't make Bitcoin less safe or secure, it just means that someone wo should know better didn't.

If Luke can get hacked... a lot of others can be too.
If a lot of others don't make any mistakes when ensuring their security, they would not get compromised.
1313  Economy / Speculation / Re: 2023 Bitcoin can take a position discussion. on: January 02, 2023, 03:15:33 AM
Last year 2022 Bitcoin's position or future was dire.
Neither Bitcoin's position not future was dire, it was just a market downturn which has happened multiple times in the history of Bitcoin, especially following a bull run.
If you listen to the 'bitcoin is dead' bandwagon, it's easy to think that it would be difficult to recover from the normal market situation.

Because the Bitcoin market predicts the price of Bitcoin to hit $30k between April and May 2023.  If Bitcoin stands in this position then the price of Bitcoin will touch the highest level between September and October.
The 'Bitcoin market' doesn't predict the price. It is simply the market where traders can buy and sell.
Anyone can give a prediction, as you just did, doesn't mean it would influence what happens in reality.
1314  Other / Beginners & Help / Re: What advice can you give to newbie here? on: December 30, 2022, 07:52:10 AM
All the things you need to know as a newbie has already been posted, you just need the guidance to find it and the patience and interest to actually read them.
All the threads suggested above (and those still to come below) would be useless to you if you do not read them.
Making the effort to read and learn would set you apart from almost 95% of newbies here.

Use the Search option effectively to find posts/replies relevant to what you want to know.
Also, avoid information overload. You can not go through the tens of threads in a day or two. Pace yourself, and learn at your convenience.
This is a fun forum; Enjoy it!!
1315  Bitcoin / Bitcoin Technical Support / Re: Unconscious CPFP (I presume) on: December 30, 2022, 07:38:29 AM
Q1) Would it be correct to infer that TX1 was mined alongside TX2 because what I pulled off was a CPFP (without using the wallet’s CPFP function, but by performing the steps I described above)?

Q2) Could the said dependency be the cause for the wallet not being able to apply RBF on TX1 (after successfully being able to do in on TX2)?
• I would assume the same. In this situation TX2 would not be valid if the output from the change address (of TX1) is not included, and output would not be included if TX1 isn't confirmed, so the miner must have been compelled to include both into the block.

• I am not aware of how the link would prevent a bump of the fee.
1316  Bitcoin / Bitcoin Discussion / Re: We have been told: Invest only Extra money in bitcoin on: December 30, 2022, 07:01:36 AM
I wonder how many people instead have the belief in Bitcoin and are buying by making
cuts elsewhere while not having the disposable income they can afford to lose?
I would say a lot of people are doing that. Some of such stories are even publicized and somewhat celebrated by the public when it gets reported.
After the initial pump of Bitcoin is 2017, many people just heard about it and felt they missed a huge opportunity to get rich, quick. To make up for this, they get a bit desperate and start to throw in more money than they can afford to lose, just to get a bit of the pie.

This desperation and greed make them to see slow, regular investments of low amounts (<$50) as a waste of time, even though that's what they can afford at the time. They instead throw entire savings into the market, so when it multiples, they have more profits. More often than not, they get burned out.
1317  Bitcoin / Bitcoin Discussion / Re: How can we protect our profits against shrinking margin? on: December 30, 2022, 06:51:48 AM
So, I was doing some research on how can I protect my earnings and came accross the information that in response to falling crypto prices and increasing energy expenses, publicly listed Bitcoin miners were forced to sell nearly all of the BTC that they've mined in 2022.
Businesses prepare for the eventuality of a market downturn when they venture out, minin businesses included and when preparing for this, you come up with ways to overcome it or to thrive in it.
Falling prices in Bitcoin is expected in crypto, but the current energy crisis may have surprised some, reason for the sell off by some miners.

What I'm wondering here is if there is a way for miners to hedge against shrinking margins? Do you think hedging strategies could help us stay solvent amid the bear market?
As a solo entrepreneur, you hedge up profits when the prices are high and the cost of operations are low, so then the reverse happens, you would be able to survive through the winter period.
Publicly traded companies operate differently and like all businesses during time ob market downturn they would need to cut costs (by laying off workers or cutting down on production) and maybe have diversified investments in other niches that could bring in profits.
1318  Other / Beginners & Help / Re: Crypto (Bitcoin) and children personal Finance Education on: December 29, 2022, 08:48:27 PM
This was 17 years interval. But from the knowledge I have gotten from crypto (bitcoin), this amount would have been appreciated to a reasonable amount.
In their shallow defense, Bitcoin did not exist 17 years ago, so they couldn't have put it into Bitcoin, at least not right away.

I'm all for financial education from an early age, as it's a vital component which the school system doesn't cover. But, we should not herd kids into Bitcoin, as there are investment opportunities beyond this niche.
Teach kids how to build capital, how to recognize a problem and solve it, money management, how to choose investments etc and let them gravitate to ventures that interests them.

It's perfectly alright if they are not interested in it as we are.
1319  Bitcoin / Bitcoin Discussion / Re: We have been told: Invest only Extra money in bitcoin on: December 29, 2022, 08:20:34 PM
That advice is a bit overused at this point and I think the line between what we can afford to lose gets more blurry to many. But we should always have a plan when investing into any asset, and this plan should involve growing our income stream, if we do not have much left over to spare.
The major mistake you would make is trying to use bitcoin as a means to get rich. It doesn't exactly work that way, and you could as easily lose out the amounts you invested into it.

Focus on growing skills which are in demand and getting paid for your services; you can then choose what percent of your income goes to Bitcoin (and any other investment) and which goes into your savings.

Is there really a risk though?
Yes it is.
If you invest amounts you might need at a not too distant future, there's no guarantee that you would be in profit at the exact time you need it and could be forced to sell at a loss.
1320  Bitcoin / Bitcoin Discussion / Re: What if the government of a country is irresponsible? on: December 29, 2022, 01:36:01 PM
I wouldn't necessarily put this one up as a good example. I have some sympathy for Bukele, but so far, the decision to purchase bitcoins at an average price of around $31k was not a good decision.
I guess we understood OP differently.
The way I saw it, acting irresponsibly would be trying to destroy Bitcoin through any means possible, so as to ensure there's no threat to the dominance of fiat.
I was then replying to the part which tagged buying Bitcoin in large amount as being irresponsible (as explained above), and the way I see it, it wouldn't be the same thing and buying Bitcoin would infact make Bitcoin more popular.
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