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Bitcoin / Bitcoin Discussion / Re: [POLL] 2020, your last chance of owning 1 BTC
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on: December 24, 2020, 09:34:59 AM
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A strategy (with some risk ) would be to buy Ethereum ( or any altcoin , but Etheruem is safer ) and when the ETH/BTC ratio improves , you trade for Bitcoin. This way you get more BTC for your dollar. The risks - ETH never goes up in value , or maybe it does but BTC outpaces it , meaning the ETH/BTC ratio doesn't improve significantly. Lets say you buy ETH at $600 , and if the ETH/BTC ratio goes to 0.1 , you trade for Bitcoin , then the effective BTC price that you paid is about $6000 Watch this video for full information , but just a thought : https://youtu.be/Phutr1ulrYs
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Alternate cryptocurrencies / Altcoin Discussion / Re: Get Bitcoin cheaper than $13k by using the ETH/BTC ratio
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on: December 24, 2020, 09:18:57 AM
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Hi all As promised, I have made an updated video with stats from the last 12 months. https://youtu.be/Phutr1ulrYsThere are some very interesting facts there : 1) Ethereum was, dollar wise, still the best investment of the year 2) Even if you bought BTC in Jan , for the same dollar spend Ethereum would have given you a higher dollar value today 3) The big one , the ETH/BTC strategy is proven to bring BTC profit and opportunity to get BTC cheaper ( as long as it is at a cycle low , and could move higher ) - for example , if you buy ETH today at $600, and if the pair goes back to ONLY 0.04 ( which it touched this year ) , then use my equation to work out the effective bitcoin price if you then trade back into bitcoin ETH Price at purchase / ETH-BTH pair value = Effective Bitcoin price 600/0.04 = $15k Bitcoin. If the ratio can touch 0.075 next year ( lets say on good news coming from Ethereum 2.0 ) then : 600/0.075 = $13,333 Bitcoin (effective price ) Watch the video for full details
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Bitcoin / Bitcoin Discussion / Bitcoin : the fight begins now
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on: December 18, 2020, 09:59:30 AM
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While many are happy about the recent price increases , the battle is only beginning. The next year could be the most difficult in Bitcoins history as the governments of the world finally realize that they have a huge competitor. I believe that the real fight only starts now : 1) The German finance minister recently came out with strong statements against Bitcoin 2) The fight for the global reserve currency has led to wars in the past - did we think that we'd win it that easily ? What else do governments have planned ? I have a detailed analysis here - https://youtu.be/FMQyQ1na63U
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Bitcoin / Bitcoin Discussion / Re: PayPals Bitcoin is a scam
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on: November 21, 2020, 09:29:03 AM
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OP here - so many of you seem to be unhappy that I used the word "scam". Here's why I am so skeptical.....
1) Right now , we all agree that the way that they've implemented this is not ideal. However many are optimistic that PayPals implementation will change to allow withdrawals. If and when that happens, I will be happy to say that I was wrong, but I'm waiting for that to happen.
2) Remember, Bitcoin was ignored and mocked for so long, but with the attention that its now receiving , those that stand to lose from it will start increasing their attacks on it. PayPals traditional business stands to be impacted in a big way by crypto including Bitcoin. If PayPal is smart , it will embrace Bitcoin which could be very good for them.
3) If Paypal / other institutions and governments start attacking Bitcoin after this recent resurgence, one way they'll do it is to convince users that they're using Bitcoin ( therefore riding the buzz ) while not actually giving them Bitcoin. This would both create fraction reserve inflation and slowly make the actual blockchain irrelevant , while the uninformed masses think they're getting in on the Bitcoin action.
4) If nothing changes, all PayPals "bitcoin" is, is a number in their database, with absolutely nothing to do with Bitcoin or the blockchain itself ( as I've said in the video , where it's easier to explain than typing out all this ).
5) IF PayPals intentions are good, they implement the changes that we all want including withdrawals , then it would prove that they're NOT attacking Bitcoin , but embracing it. More importantly , Paypals Bitcoin platform could become the ULTIMATE LIGHTNING NETWORK , helping Bitcoin payments scale , but with the options to still withdraw and own your coins ( with that final transaction being recorded on the blockchain ).
Lets see what happens next......
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Bitcoin / Bitcoin Discussion / Re: PayPals Bitcoin is a scam
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on: November 16, 2020, 10:19:36 AM
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It is too early to say it as scam but i don't think it is scam anyway. I have read Paypal's official news about Bitcoin's acceptance where they said from the beginning of 2021, Members of Paypal account will be able to use their cryptocurrencies as a funding source at Paypal's supported merchants. They can instantly convert their balance into Fiat currencies. So it is on testing situation. You have to wait for full upgrade of Paypal. You can read official press release of Paypal. Source= https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-CryptocurrencyIf they allow you to pay another merchant eventually, then I stand to be correct - that would be a good thing ( I'm assuming that there will be some sort of settlement between the two parties in Bitcoin ). This could then actually be a way of scaling Bitcoin and could be good for Bitcoin overall. But I would still like to see the option to withdraw.
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Bitcoin / Bitcoin Discussion / PayPals Bitcoin is a scam
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on: November 16, 2020, 09:55:44 AM
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After researching it , I think the while "buy Bitcoin on PayPal" is a scam at best , and could be something more sinister at worst. Basically , you cannot withdraw the crypto , which for me means that it isn't crypto at all. But after doing research , I found that you cannot EVEN PAY another person with it - you're simply buying a token that is linked to the Bitcoin price - what is the value of this ? I believe that this could be an attack on Bitcoin - I discuss this in detail here : https://youtu.be/bApVhoTemGwTo recap : - You cannot withdraw your Bitcoin - You cannot Pay anyone ( ironic ) , so it can't even go to another PayPal account - You dont own the keys
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Alternate cryptocurrencies / Altcoin Discussion / Re: Get Bitcoin cheaper than $13k by using the ETH/BTC ratio
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on: October 31, 2020, 05:52:42 PM
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I basically cover all the reasons ETH has price upside ( eg. ETH 2.0 , enterprise adoption etc ) and then show a strategy around how investing a potion into ETH FOR THE PURPOSE of trading up when the ratio goes higher will mean effectively getting more Bitcoin for your current investment dollars. This may seem obvious to you and I but many people don't get it so I made the series of videos.
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Economy / Economics / IMF calls for "new Bretton Woods"
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on: October 19, 2020, 06:08:15 PM
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Something interesting is happening. The IMF called on Friday for a "new Bretton Woods" agreement. This could show that they are concerned about Bitcoin. I've always said that Bitcoin will become the global reserve currency. For my thoughts check out my video here : https://youtu.be/d-lWxWDoPgwI cover in the video the history of Bretton Woods , Nixon taking the dollar off the gold standard , and my thoughts on Bitcoins role.
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Bitcoin / Bitcoin Discussion / The impact of the SQUARE and MICROSTRATEGY purchase
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on: October 12, 2020, 04:45:12 AM
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Hi guys I was so excited last week , those announcements were huge. Its the start of proper recognition of Bitcoin as a real store of value. For me the path is : 1) Individuals purchasing Bitcoin as a SOV ( he last 10 years ) 2) Tech companies ( like SQUARE ) 3) All companies ( with non Bitcoin aware CEOs - this may be done via Investment houses who offer this service to them ) 4) Central banks purchasing Bitcoin to secure a countries wealth, and for Macroeconomic trade I made a short video discussing this here : https://youtu.be/dXdcfjmYkDw
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Bitcoin / Bitcoin Discussion / Re: Some Influencers Are Not Helping
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on: August 22, 2020, 07:29:52 AM
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To be honest , here's what we need to get rid of for Bitcoin to truly be taken seriously by normal people and become the global currency : 1) An end to crazy influencers like you've mentioned 2) An end to scams that make the news ( further making normal people to question Bitcoin ) 3) An end to the meme culture where, once again , normal people see these "moon" memes and others and just think of Bitcoin as a joke 4) An end to crypto infighting - an example is the Eth crowd and Bitcoin maxis constantly going at each other on Twitter etc - this hurts crypto in general. I'm not saying don't debate technology - thats important , but when its meme vs meme , its a joke...
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