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2461  Bitcoin / Bitcoin Discussion / Re: Fed To decide the future of assets purchasing 14th December on: December 14, 2021, 09:12:12 PM
I do not think some buy orders on a a single exchange is enough to be news worthy or does it need to have anything to do with some upcoming FED conference. This seems like a pretty cheap way to push out some articles while trying to use the Bitcoin community to gain traffic.
2462  Bitcoin / Bitcoin Discussion / Re: Understanding the Ponzi Narrative on: December 14, 2021, 08:34:06 PM
People compare bitcoin to a Ponzi scheme because the price increases when more money flows into the underlying asset.  If I buy for X and sell for X+100 that 100 profit of mine came from another person who bought into the scheme after me. In the eyes of many, this is dangerously close to how Ponzi schemes generate value.
The price increases based on a number of factors and not simply cause new investors buy in. Using that analogy, if you buy at Y price and sell at a loss of $100 what would that situation be?

What is the best argument against the Ponzi scheme narrative?
Bitcoin is not even a scheme at all, it is simply a digital currency with some pretty cool features. No one should get into bitcoin with the sole purpose of profiting, rather they should be interested in the usage.
And all investments grow with more adoption. If you bought facebook stocks in 2012, you were expecting it to get more popular and grow in adoption which will lead to an increase in the asset value. That is how product growth works.

In what ways are Ponzi schemes different from bitcoin?
Ponzi schemes are frauds, bitcoin is not,
Ponzi schemes promise returns on investments, bitcoin does not,
Ponzi schemes do not have actual value, bitcoin has real life utility.

How do they generate value differently?
Bitcoin does not generate value, it has a real life utility and as more people realize that, its market value grows. Ponzis depend entirely on new investors and has no product value.
2463  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 14, 2021, 11:46:49 AM
but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.

Thoughts? Opinions?
Yes, I agree Bitcoin is a lot less risky than it was a couple of years ago and with the management of fiat it is becoming more prone to inflation and supply shocks making it not ideal for storing wealth, I would however not recommend investing more than you can afford to lose at a time. The comfort of holding is being able to hold through different markets, bear or bull. However, if you hold amounts you could very easily need in the near distant future, you can not comfortable hold and would have to sell to settle life issues, and it could be at a time when the price is not very very attractive.

Investors can on their judgement decide to buy heavily into Bitcoin regardless of the general advise, but that would be a personal decision and not as a result of suggestions from others.

in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.
There are other means of hedging funds besides Bitcoin and fiat.
2464  Economy / Trading Discussion / Re: Is the market going to dump like that 2018? on: December 14, 2021, 05:27:01 AM
I have lost a lot by investing myself.
Remember that you only lose when you cut your losses and sell off. this of course comes after you have done your research and decided on what asset to buy considering the fundamentals of the project. Many coins in the crypto market do not have an active product and are only built on hype, those may not recover when they dump.

I don't really understand which way the market is going or will go. What do you suggest in such a situation? 
As an investor you do not have to determine where the market is going nor can you. You simply;
- Do your research before buying any asset,
- Buy only what you can afford to lose,
- HODL!
2465  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: December 13, 2021, 08:54:08 PM
The Satoshi idea to cryptography was the scalability Of all financial transactions which translates to decentralization and financial independence to or users, whether be It individual or government.
You got the last part right about decentralization and financial independence to its users, and governments are not left out as they are free to hold bitcoin.

Take El Salvador for example the country now accepts Bitcoin as a legal tender and also holds a large percentage of the country treasury in Bitcoin. Let say bitcoin rise above $100,000 in the nearest future the country will stand to profit large interest
While there is great potential for bitcoin to grow, it is not an ideal strategy for a country to be speculative about its reserve funds. While bitcoin can grow over $100k, it can also fall below $40k and enter a bear market. It is a positive development and a move I believe would pay up, but I do not believe nations should look to bitcoin for speculative profits.
2466  Bitcoin / Bitcoin Discussion / Re: 11 years without Satoshi on: December 13, 2021, 05:04:52 PM
Satoshi is possibly viewing everything happening around the bitcoin space from a remote beach and wondering what the actual purpose of NFTs are or what the next trend in crypto would be.
I was discussing the topic of Satoshi a couple of days ago with a friend, particularly how "he" managed to remain anonymous all these years while resisting the urge to tell everyone who you are, I may not be the brains behind it, but i will say whoever it is, besides being brilliant in tech, they also have incredible discipline and character and a bold resolve to attempt to change the world.

Would having Satoshi around make that much of a difference?
I think so, the mere presence alone of the founder would give them so much influence that could greatly affect the market. Imagine some of those stashed coins attributed to their address were moved suddenly, the tabloids would have a field day spinning articles about how the founder may have lost faith in their own invention, sparking a massive sell off.
2467  Economy / Economics / Re: The tampering is making markets unstable on: December 13, 2021, 04:04:08 PM
I don't believe that the possibility of war would anyway bring down the price of an alternate asset like Bitcoin and ETH. On the contrary, the potential of a war would increase its price because war always affect mainstream economy in a big way.
Anything that affects mainstream economy is almost certain to affect alternate assets as well, for one it would slow down investments as new investors would be very skeptical of the looming threat and would rather hold their funds in very liquid assets. it could also have a positive effect as people look to hedge their extra funds, and what better asset to do so with than one which is digital (easily moveable) and decentralized.

I however think there would be any reaction to a possibility of war as humans naturally would not react to that, unless there is some sort of action on one or both sides.
2468  Other / Beginners & Help / Re: Is post and activity the same? on: December 13, 2021, 12:52:47 PM
Sincerely speaking, someone with just 4posts count is not supposed to discover that post is growing more than activities.
They technically do not have to discover it using their own accounts, reading through the forum and viewing other users who have a disproportionate amount of activity and post is enough to stimulate curiosity and cause newbies to ask.
On their own account, they can also notice the time gap between when activity matches up to posts.

I'll rather advice you pay attention to the most important of them, that is the merit. Thank you.
I'll wouldn't advise hitting newiws down for their curiosity, a lot of the forum is confusing to new members and they should feel free to ask questions whenever they get confused. Merits should not even be focused on as it causes some users to write simply for that purpose.
2469  Bitcoin / Bitcoin Discussion / Re: Exactly how does BTC development go on, if the current group all quits or dies? on: December 12, 2021, 09:11:05 PM
And if there is uncertainty about who is in charge, then what happens? Do we have a plan in place now?
There is no "in charge" when it comes to the bitcoin network, rather it is built on consensus rule. There is a technical head of the development team, but it is all open source and any change would need the support of the community (other devs, nodes, miners) in order to get approved. Disagreement at this stage could lead to a soft fork or a hard fork in some cases.

Bitcoin core is not an elected position, but voluntary, if you have some programming skills, a passion for improving the network and resolving issues, you can be a part of it.
2470  Other / Beginners & Help / Re: Exchanges dont allow third party transfer, a friend cant send btc to my wallet? on: December 12, 2021, 03:04:29 PM
Please somebody enlighten me here.
Exchanges do not accept so-called third-party transfers when trying to fund a wallet.
Can you give a bit of backstory to this statement to this sentence, what do you mean third party transfers and what exchanges do not allow them?

AFAIK, you can only fund your exchange wallet (which you do not own by the way, as you do not have the keys) by sending the coins to the address from some other address, and there is no restrictions to that. If there should be any form of restrictions, it should be from using fiat and trying to fund your fiat wallet from the exchange using some other bank account not related to yours, or trying to withdraw in the same way.
2471  Bitcoin / Bitcoin Discussion / Re: One problem with BTC on: December 12, 2021, 06:13:27 AM
But what about equality humanity and try to be best for everybody some people are better off to let someone else taking care of their important things.
If you are better off letting banks take care of your important stuffs, then by all means you can do that. No one is compelled to get into bitcoin and hold it and bitcoin's protocol would not change cause of trolls. What you see now is what you get; It is built on a permissionless network and is a decentralized asset, giving the holder full control, without the need for a third party.


It has no owner if something happens who do i complain ?
If you hold the keys, you own the coin. that is the only form of ownership that exists with bitcoin. If something goes wrong, you learn from your mistakes and rue your loss.
2472  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be the infrastructure of future human civilization on: December 12, 2021, 05:56:27 AM
I am looking forward to the time when Bitcoin can be liken or be replacing gold as a reserve asset of any country
While it is very possible for bitcoin to become a globally accepted reserve asset and would herald a new level of adoption, it is a development that takes a lot of time. Gold has existed for hundreds of years and has been in use for many of those, first as a symbol of wealth and means of exchange, then as a reserve asset and a hedge for traditional currencies; Bitcoin is barely over a decade, making it a relatively new asset which is still in its development stage.

Also, Bitcoin is far more resistant to centralization than Gold, so countries will be very hesitant to utilize it as a reserve currency as they cannot fully control it.
2473  Economy / Economics / Re: Did you realize in real life how Bitcoin gave us financial freedom? on: December 11, 2021, 09:18:39 PM
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend.
That is their idea of providing security to their customers, it might be an invasive process, but it is the current situation we are at now; Similar to how websites would ask you to confirm you are not a robot if they identify suspicious activity. A controlled system is not the direct problem, but as with the internet, one needs to have an option to keep their privacy, especially if they feel they can properly handle their security and do not trust the centralized system.

I have personally not had a personal unfavorable encounter with banks, but being able to privately hold funds and transact is a major perk of holding bitcoin, considering that money is a major tool used to control the masses. Also, being able to send money internationally and have it delivered within moments without any third party.
2474  Economy / Economics / Re: US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve on: December 10, 2021, 02:18:57 PM
I'm not sure if I'm misunderstanding you or what, but bitcoin isn't a bubble, but that's not to say that it isn't or hasn't ever been in one.  Assets are never defined by them being a bubble, but rather are described as being in one at any given time--and I'd say that bitcoin has experienced at least one since its inception (the lead-up to December 2017).
You misunderstood me; I wrote that the idea of Bitcoin being a bubble has all but been debunked, meaning people used to have that idea, especially during the early stages of bitcoins development, but right now, that has been debunked or proven to be false.

I also added that "...and if used now, it would likely be referring to particular points in the market valuation and not the entire network." This means that if at all the term 'bubble' was used now, it would be referring to poins in the market valuation or increases in price, rather than the entire network itself.
2475  Economy / Trading Discussion / Re: BTC (or crypto in general) on: December 10, 2021, 12:48:54 PM
But we've to be realistic. Atm we got MANY things going on in the world that will have an impact on the cryptocurrency world. We got Covid19, Evergrande, politics, taxing, housing market, etc. etc.
All these you mentioned is not limited to Bitcoin or cryptocurrencies, but are global situations that impact any area or sector. Lots of global economies reached new heights in inflation during this pandemic and lots of currencies were devalued, Bitcoin actually faired better during the critical lockdown periods, over many other assets.

We've only got covid19 right now and it's causing us to dip for 20-30%.
Covid-19 was declared a global pandemic on the 11th of March 2020, and the price of Bitcoin then was almost $8k, the price now is $48k, after reaching a current All Time High of almost $70k. Where did you get a 20-30% dip from, except you're suggesting that's the reason for the current drop in price?
2476  Economy / Economics / Re: US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve on: December 09, 2021, 02:51:26 PM
It is interesting to me that we have metrics for identifying housing bubbles in advance. I can't recall this topic having been brought up before.
It is quite interesting, but have there been any records of it being used successfully to determine a bubble in advance before the most recent case where the warning began from Q1 of 1998?

A common urban myth in finance is the concept of bitcoin being a bubble. Could it be possible to devise a system of metrics which might identify the degree to which cryptocurrencies were actual bubbles? There doesn't appear to have been much of an attempt to quantify such claims made by Jamie Dimon and others.

If it were possible to devise metrics for identifying potential bubbles in crypto, what would they look like?
The idea of bitcoin being a bubble has all but been debunked, and if used now, it would likely be referring to particular points in the market valuation and not the entire network.
Bubbles to identify crypto bubbles would possibly assess trader sentiments through buy and sell pressure, evaluated price increase against the actual increase in the price and other possible criteria.
2477  Other / Archival / Re: Self-moderation in topics with financial relations on: December 09, 2021, 02:29:20 PM
I have been asking this question for a long time, why does the forum allow the use of self-moderation in those topics where financial relations are implied? Why? As far as I understand, the impossibility of creating a self-moderated topic is only in Meta. But why not enable this option in all sections where financial relations are implied, such as Goods, Services, Currency exchange, etc. In fact, the entire Marketplace section.
I can't remember all the other boards, but I'm sure the auction board does not allow users to open self moderated threads, and as mentioned above, there are reasons why the privilege is disabled on some of those boards as it allows users to moderate their threads and prevent spam, although so many of the top threads (especially in the services section) does not use self mod option, as the OPs are highly trusted and any spam there would be easily noticeable as such.

There is also a notification of the number of replies deleted by the thread starter, which should serve as an extra warning to members.
2478  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: December 09, 2021, 08:21:52 AM
100 weeks is a little over 2 years and is a lot considering how tumultuous the early stages of the campaign, but it has proven to be quite trustworthy.
Honestly, I was skeptical at first to apply to join, but over the months I have been here I'm quite honored to promote this campaign and the service it offers; here is to another 100 days.
2479  Alternate cryptocurrencies / Altcoin Discussion / Re: Another pump and dump manipulation on: December 09, 2021, 07:59:06 AM
It would be interesting to know if anyone actually purchased, the value was probably within that range for only a few hours or less and could have been a failed attempt from a whale to manipulate the price by selling through bot accounts; This would definitely have moved the price greatly due to the insignificant market cap, but it is possible no one actually purchased at that value.

This is one of the risk in investing on new coins and tokens, they are gambling.
Lots of existing coins would also be gambling and there is a huge risk of a pump and dump, just make sure you do not buy into fomo.
2480  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale bought $150 worth of Bitcoins during the dip. on: December 08, 2021, 10:44:38 PM
Meanwhile, I found it hard to believe that the Bitcoin belonged to a single individual and it is possible that the wallet is a cold wallet of an organization or an exchange cause no one will dare save such an amount in an online wallet.
What part of the article said it was an online wallet? I personally doubt it's an exchange wallet, due to the nature of the transactions, but it's very difficult to ascertain.
If a whale isn't careless enough to store their bitcoins in an online wallet, an exchange would probably know that as well, especially for cold storage.

Aren't these people concerned about address reuse?
Not everyone is very private conscious, considering that the change address is always the same as the sending address in majority of the transactions (the ones I checked out). Probably, they are satisfied with being pseudo anonymous.
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