Gold is quite liquid though, which surprised me. I am adding to my Gold position slowly but surely, but what I noticed is how easy it is for people to buy and sell Gold bars/coins amongst each other. As far as the bulk part goes, it's also not much of a problem with how a 100GR bar easily fits in your pocket without anyone noticing, that small it is while having a high dollar value.

Gold is truly decentralized, peer to peer and does its work offline as well. Bitcoin however is more divisible, easier to verify and transfer, but things aren't as bad with Gold as people think they are. I was one of them until I saw how vibrant the Gold ecosystem actually is.

Aren't we already doing that? I mean, there is no shortage of help here or on other social media platforms that people can seek.

The only problem I see is that newbies aren't really able to seperate people genuinely trying to help them from scammers trying to steal their coins. In most cases, as long as you use common sense you should be able to dodge most scammers, but newbies desperately trying to recoup their coins might still fall for it.

I once helped a friend with his wallet configuration/setup, and he legit sent me a screenshot of his recovery seed. I told him to remove the wallet and re-install it and generate a brand new seed he shouldn't show to anyone. A scammer would have just kept his mouth shut and waited for an opportunity to steal coins.

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=308793
Current amount of posts (including this one): 1376
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Was there ever anything pushing the price up? Bitcoin just does what it wants and surprises people.

It should teach the altcoin moon boys a lesson to not start screaming ALTCOIN SEASON!!!! each time the price pumps. If you zoom out a bit, the macro picture hasn't really changed yet. It's the same capital that's being moved back and forth within the altcoin market that people get excited about. New capital entering is what you need for an altcoin season, not the capital that was in the ecosystem already.

It's a minor pullback, not a correction. It's just consolidating until the 21EMA catches up and guides the price further north. I always get kinda uncomfortable whenever the price is far ahead of the 21EMA on the daily, hence the reason these pullbacks are perfectly normal. I expect a kinda boring week based on that.

It's roughly at 12 May; https://www.bitcoinblockhalf.com/

I expect a surprise pump just before the halving, but nothing too crazy. Our main priority is building support and higher highs for now.

Isn't it pretty easy to figure out who the double spenders are if it's a meetup in a local pub? Also, what are generally the amounts concerned that make people (thieves) double spend in the pubs? If it concerns just a drink or two, then the double spenders must be pitiably cheap.

In current environment that's certainly viable. In fact, the block space used has actually gone down throughout the last months. In other words, it's going to get much easier for people to get their transaction confirmed with super low fees within an acceptable time frame.

Tether's move to other networks has freed up some block space and that translates into lower fees. Lightning gaining more use helps too.

Absolutely. It just makes me uncomfortable whenever I see a new mixer pop up with how easy it is to set one up, for you and for the authorities.

I'm not into Monero so I can't say where it stands in terms of privacy, and how exactly we know that there haven't been printed coins out of thin air. It's much easier for me to keep using Chipmixer than to get into an illiquid altcoin and hope everything will be alright. I rather just dive into coinjoin pools, which for small amounts do seem to work fine from what I have seen people say.

I always laugh at articles like these. Not because the wealth inequality, but because people don't understand what the actual problem is, and that crypto will never make a difference. In fact, crypto wealth inequality is far worse than fiat wealth inequality. By the time the poor acknowledge the value of Bitcoin, most of the upside potential is already jammed in the price.

Don't look at how poor others are, but look at how you can improve your own situation. The far majority of the people will always lag behind the rich when it comes to their wealth, so even if there is an actual improvement on the side of the poor, it's still not enough to statistically push back the wealth % the rich owns. Their wealth grows harder than yours does. That's how things are.

That makes zero sense. I'm pretty sure that most people wouldn't blindly try out a mixer they found in a post 5+ years old, especially with how there are a couple of very reliable mixers available with a proven track record already.

Also, how do you know it works fine? They might share your information directly with the NSA. Or it might be an NSA honeypot. You can't just assume a mixer works fine just because the mixer spits out coins. I think you are behind the domain that has been registered about 4 days ago. 

It depends on your definition of huge. I frequently spend +$100 on gift cards through Bitrefill and the transaction goes through mostly without a delay. The longest I had to wait was like 30ish seconds for the transaction to settle, but that's still not that big of an issue. It will result in a higher fee due to the extra hops, but still the fee shouldn't top 100 satoshis.

If you are spending like $300 and up you should use just the main-chain, especially when you use a custodial wallet (never let any significant sums of money stay under control of centralized services unnecessarily). They do require at least 1 confirmation for main-chain payments, but that's no problem for me.

It was amusing at first, but with how much popularity feeding chickens through Lightning gained, the chickens were fed so frequent that they some times don't bother to walk to the seeds lol.

Agreed. It shouldn't be the case that stupidity from the user's end should result in loss of funds so easily.

I do however have to point out that the banks we always assumed our money was safe with in case our bank account gets emptied by hackers, are no longer always refunding the total balance. I'm reading more and more stories where people are literally left broke because the bank refuses to refund people because it's their own mistake that they lost their money.

In the end, Peter Schiff is always looking for a reason to trash talk Bitcoin. If it isn't the price of Bitcoin that has greatly outperformed Gold this year, it's something else he will use. It's not a surprise that after no more price tweets he now resort to such silly methods to gather attention. Shiny rock at $5000 per ounce yet? 

That sucks. It's also a reminder for people to not just blow money left and right on things they don't need, but actually donate to cancer research so that we do not have to lose people who make the world a better place. Steven Jobs for example, so wealthy, yet that disease made his life come to an end.

I'm pretty sure that in every country there is a state-of-the-art hospital or university doing cancer research, and they need funds. I donate twice a year to one of such hospital in my country. It feels good contributing to something that could help us all out. We shouldn't accept that this disease ends people's life.

We have plenty of useless non contributing people in the space already, but the few who actually understand what Bitcoin stands for and what it brings to the table decreases.

It depends though. If enough time is given to accumulators, more coins are being kept offline and thus the actual available supply on spot exchanges will decrease significantly.

What I believe will be quite a barrier to break through is the $1 trillion market cap mark. It boils down to a price of ~$55,000 per coin. It's something in the legacy financial world holds a lot of weight. In times where we are seeing more institutional capital enter, that could turn out to be an exit point for some of them. It's purely speculation on my side, but it does make sense.

You know what's funny? The fact that we are still talking about him today despite the fact that we (sane people) know he is full of shit. This is what he is after. The BSV pump was just a pump to generate short term demand/liquidity to dump whatever the whole BSV camp minted but were unable to sell due to extremely thin order books.

I'm pretty sure that this wasn't the last pump that we have seen. It's a structural event mid-term flippers know of and hoard as many BSV coins as possible under $100 and just wait for the next pump.

Bitcoin is definitely more transparent in that regard. Gold however will be bought up regardless of how much of it is dug up, simply because central banks are champion in abusing the money printer. In the long run, it eats through the available supply and that will definitely reflect in the price, but that process could take decades. 

As much as I like Bitcoin, I don't see it being a solution to the problem OP is referring to. If you don't deal with the monetary policy markers, nothing will change, ever. It's the same group of like-minded elite that's in charge. Something has to change there on a fundmental level. I do not see that happen with how much empirical evidence we have today.

That's a great plan, but honestly speaking, how many people manage to sell the all time high? I'm quite sure that very few even buy it.

The highest price I managed to sell coins during the 2017 bull run was ~$16,000 and then just kept holding just in case the price pumps way higher. I'm a holder and it's quite hard for me to part with my coins, so imagine how easy non-holders sell their coins whenever they see the price increase by 50-100%. They unload their bags faaaaar before the bull market is even at 50% of its actual potential.

Then there is the question what is the bottom to buy into? I saw people be so confident in $6000 in 2018 that they believed that it was the ultimate bottom. That ultimate bottom turned out to be 50% below that.

People should be hoarding Bitcoin. It's going up in value. This however doesn't mean that people aren't using Bitcoin. There is a vibrant peer to peer ecosystem where people conduct business with each other every single day. People just aren't really spending their coins on groceries and whatnot, and why would they? That's what debit/credit cards are for.

People have an incentive to spend that what loses purchasing power and that thing also happens to be the most convenient form of money for day to day transactions locally. Bitcoin hoarding sounds great to me. Everything you spend through centralized payment gateways such as ShitPay ends up on the market anyway, so more selling pressure.

Ask what the people think about spending Bitcoin around the $3000 low. They hate themselves. Replacing spent coins is something they haven't heard of or don't want to do.

If haters can't even distance themselves from Bitcoin because it's too interesting to keep following its progress, you know Bitcoin is doing something right.

In the end, most of the people trying to discredit Bitcoin are simply attempting to get the price to drop. They either want to buy lower, or they think they missed a huge opportunity years ago and now they don't want to see others who did buy in early do well. It's not too late to buy today peeps. Nothing sucks more than missing out once again if you don't start accumulating.

USD is a one-way ticket South. Bitcoin is a one-way ticket North. You can choose.

I would say their odds of having an ETF approved are just barely above 0%.

Vaneck's "limited ETF" trust has not gained a single penny in capital inflow in months (still just 64BTC in the trust); https://www.vaneck.com/institutional/bitcoin-144a/overview

That to me is an indication that there doesn't seem to be all that much latent institutional demand for these instruments. Institutions are fine trading CME futures back and forth, or else just stick to GBTC. Plenty of ways to gain exposure to Bitcoin.

User fillippone recently did a full breakdown of what options are; https://bitcointalk.org/index.php?topic=5214418.0

Anyone here considering getting into options should read that thread first. It's a long but extremely informative read.

I have been into trading for a while now and I'm still avoiding options. Not my cup of tea. Don't let "experts" on social media convince you that options are low risk and easy to trade instruments. They're not. Rule of the thumb; if you can't even do simple buy/sell spot trading, then you should definitely stay away from options.