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pow connects the encrypted digital world with the physical industry
And pos is a product of pure finance
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in the early days, they consider BTC as an experiment and they still are even after $1200 spike. the institutions are ignoring Bitcoin even after 2017. only few of them are interested. some of the people today are still going to ignore BTC.
i have talked about buying few BTC to acquaintances on mine right when they share about jobs they have and how they still have money problems. they ignore it still. it could be too late for them when finally the government will consider it a reserve currency which they could be the ones that will say "I wish I would've bought Bitcoin at X price" or listened to me.
This situation is simply too much, so now I insist on looking for the latest projects, hoping to buy tokens with great potential at a low price. Could you share with me some good new and potential projects? Thank you. |
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Who is that one man that you are talking about though? Well, if you had bought bitcoin when it was around 1$, you are definitely rich by now. Also, there's nothing wrong with people wishing what they could've done in the past, it's called hindsight.
When you bought btc for 1 dollar, can you stick to it until now? When buying for 1 dollar, would you feel that 10 times the profit is enough, and sell at 10 dollars? |
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NO you would NOT be rich, you'd be Poorer! Why that? If I decided to hold my coins, I would have been richer. I know that the bias wouldn't allow you to keep them for a 20000%+, except if I was extremely greedy or if I was going for the long-term, but based on the chart, it would have been profitable to invest in the past. I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell! The panic selling is the worst one. You must not fall into that trap. You have to set a target and settle. As for the truly BIG 50%, you'll experience them, I guess, soon. The key to the question is whether you can insist on not selling at 10 dollars when you buy for 1 dollar. Another reminder, when you buy $1, you dont know whether btc will rise or fall, or how much it will rise. |
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NO you would NOT be rich, you'd be Poorer!
How many times have you heard it?
I wish I had bought Bitcoin when it was $1, $100, $1000, etc!
I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!
Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!
I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!
I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!
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[1]
Sometimes the good use of adjectives, nouns and vervos, together with good premises lead to good "guesses", it is also what leads some writers to create novels, short stories, science fiction, etc. Sometimes they border on the absurd, but they are entertaining.
[2]
Scientists distance themselves from the above or the science.
It is not that the above[1] is wrong, in fact it entertains and it is a field where sometimes things are so good that someone can win prizes or become a good writer, but never an prize NoBel.
His Op, falls so as not to send him to another place, in the first paragraph [1]
Thank you for your reminder. Sorry that my mother tongue is not English. I will work hard to learn English in the future. |
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Lol, not really, it's not like something that has believers in it will automatically be a religion right? And bitcoin doesn't have that great establishment that will keep its followers lol, if we want to compare it to religion. Since many are willing to abandoned it as easy as it goes.
But the thing that satoshi is unknown, like god is kinda similar though lol. Many people value satoshi even knowing who he is, or even if he is really real or not. But no, i don't think bitcoin is like a religion.
Another interesting question. I am curious about how religion attracts believers when it is first established (excluding the case where parents are believers). Religion connects everyone through stories, and more and more people listen to it. Many people believed it and became a small group and gradually became a religion. Bitcoin uses more reliable blockchain technology to connect all traders together. Now that we have formed a forum, we can completely change it into a religious organization to persuade more people to "believe". By the way, I participated in the project you signed and they disappointed me（Irrelevant price）. I don't want to say more about the specific reasons. I can only say that his team is not very good (if you are a member of the team, I will withdraw my words). |
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I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
I disagree. Unlike religion, bitcoiners base their "beliefs" on logic and math, not just because this or that guys say so. Imho it's a huge difference. BS 99% of the people here can't even read code, or do math. Bitcoiners beliefs are GREED & FEAR, but mostly greed. Bitcoiners are not logical, this is insanity. BTC CAP a month ago was bigger than $1.2T, bigger than most USA company's capitalization, like it gong to keep going up and suck up the entire earths GDP, bitcoiners are mental midgets. Bitcoin believers should have read the white paper, just like Christians have read the Bible. Even if most people dont know how to code, many people have read Bitcoins white paper |
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This collective craziness, in my opinion, is always motivated solely by greed and the desire to increase profits. People's interest will collapse along with the price if the price goes below 20-10 thousand dollars again. Only the most ardent supporters and admirers will be left. Then, since it has become mainstream, it will be possible to discuss the flock and other theological topics when it is still too early.
Yes, real gold is not afraid of fire. There is only one possibility to hold Bitcoin for a long time, not only is proficient in blockchain technology, but also has a strong spirit of decentralization |
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PeckShield briefly describes the attack process:
1.The attacker borrowed 6,047.13 WBNB flash loans from the PancakeSwap WBNB-BUSDT pool;
2.In BurgerSwap, call the function DemaxPlatform.swapExactTokensForTokens() to convert 6,029 WBNB to 92,677 BURGER;
3.Create counterfeit BURGER-Fake LP on BurgerSwap platform, and issue 100 counterfeit coins and 45,316.6 BURGER;
4.Exchange 100 counterfeit coins into 45,316.6 WBNB;
5.In this step, the attacker attacked the contract through a reentry attack and made another exchange, which was 45,453 BURGER to 4,478.6 WBNB;
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The implementation of the BSC chain in 2021 will push Decentralized Finance (DeFi) to another upsurge. The total lock-up value of the DeFi protocol once hit 130 billion dollars. The entire currency circle is crazy, and various DeFi protocols have sprung up. , But with the sharp drop in the price of Bitcoin and frequent security incidents, the lock-up volume of the DeFi protocol has begun to show a downward trend.
In the early days, the fixed and lower transaction fees provided by BSC and the developer-friendly operating system provided by BSC attracted a number of DeFi protocols to migrate to the new chain. At the same time, it also attracted a group of challengers who positioned themselves as Uniswap. AMM. Of course, from the current situation, they are just simple forks.
On May 28th, the first autonomous governance AMM BurgerSwap on the BSC chain and the DEX protocol JulSwap were attacked by flash loans one after another. It is worth noting that the code of BurgerSwap and JulSwap are Fork Uniswap, but it seems that they do not fully understand the logic behind Uniswap.
If you don’t fully understand the mathematics behind Uniswap, why imitate it? In order to quickly get the favor of capital? Or are you afraid of missing traffic from hotspots? We couldn't stop the imitation from happening, but we quickly saw the result: BurgerSwap lost $7 million, and $JULB fell more than 95% in a short time.
PeckShield security personnel quickly located BurgerSwap. The reason for the flash loan attack was that the attacker used a reentry attack to call the _update() function before the smart contract normally started the second deposit, and first exchanged 45,453 BURGER.
PeckShield briefly describes the attack process:
1.The attacker borrowed 6,047.13 WBNB flash loans from the PancakeSwap WBNB-BUSDT pool;
2.In BurgerSwap, call the function DemaxPlatform.swapExactTokensForTokens() to convert 6,029 WBNB to 92,677 BURGER;
3.Create counterfeit BURGER-Fake LP on BurgerSwap platform, and issue 100 counterfeit coins and 45,316.6 BURGER;
4.Exchange 100 counterfeit coins into 45,316.6 WBNB;
5.In this step, the attacker attacked the contract through a reentry attack and made another exchange, which was 45,453 BURGER to 4,478.6 WBNB;
The attacker obtained a total of 8,800 WBNB from the above two steps. Then, the attacker exchanged 493 WBNB for 108,700 BURGER in BurgerSwap and returned the flash loan to complete the attack.
"The good ones imitate, the great ones plagiarize."
For the current BurgerSwap and JulSwap, and even other Fork Uniswap agreements, it is too early to talk about surpassing Uniswap.
The DeFi field is an important part of the development of the blockchain field, but it is currently in an era when DeFi protocols are over-issued. As time goes by, those DeFi protocols that focus on safety and care for their feathers can survive.
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1. The founding team is non-anonymous
2. ANN sponsors take a long time to register and have a certain merit value
3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete
At the same time, everyone can add in at any time, I am very happy to learn from you
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Um coming from a newbie with 27 posts, seems not really worth arguing against. But what the hell, this is a fun topic. So you basically accuse Bitcoin enthusiasts and supporters of having their own "Cult of Satoshi" something that can be seen with the "Cult of Apple". Well for one, the financial sector is a bit different from consumer corporations churning out products for people to consume. Here there is a goal - Financial independence. Same as with the Stock Market, Treasury bonds, Forex, and also Gold investments. You can also accuse them of having their own religions too if that is the case. I would say, not really a cult. But rather a community of like minded people out to get the best Bitcoin can offer.
First of all, I am sorry that my activity is very low, and there is no merit at all. I will be more active in the future to increase my activity . I am a newbie who has just joined this community, and I am very glad that everyone can discuss under the question I am questioning. Financial independence is also my goals. One of my purposes in this community is to find the latest news and opinions, find some new projects to invest in. My thoughts on the religiousization of Bitcoin are simply because of consensus. It reminds me of Scientology lol，another form of religion |
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I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
I disagree. Unlike religion, bitcoiners base their "beliefs" on logic and math, not just because this or that guys say so. Imho it's a huge difference. Okay, first of all thank you for your reply. The two points you said are also the reason why I compare Bitcoin to religion. I think that a major core of religion is public knowledge. Bitcoin and religion have this, but one is through technology and the other is through mission. |
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I don't know why you can assume Bitcoin as a religion.  It is very different from religion. Bitcoin is an investment or asset, people believe in it to get profits. While religion is like a guide of our life. We don't expect profits or earning money from religion. We purely believe in religion for " the life after life", no specific hope for commercial purpose. So, you must differ between "belief" in Bitcoin and religion. Okay, first of all thank you for your reply I am not considering Bitcoin and religion from the perspective of [the the life after life]. I know that holding Bitcoin will not make me go to heaven in the the life after life (if there is the the life after life), nor is it giving me life guidance to consider the relationship between the two. . Its just that from the perspective of consensus, Bitcoin is very similar to religion. One is based on blockchain technology and the other is based on missionary. |
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Religion is a belief in supernatural. Bitcoin is nothing like that. Just because there are people devote to Bitcoin doesn't mean that Bitcoin is a religion. And as far as movements go, Bitcoin community isn't exactly monolithic, there are people of all sorts of political or ethical beliefs here. You don't even have to hate the government or fiat currency or banks to be a bitcoiner.
Religion is a social-cultural system of designated behaviors and practices, morals, beliefs, worldviews, texts, sanctified places, prophecies, ethics, or organizations, that relates humanity to supernatural, transcendental, and spiritual elements; however, there is no scholarly consensus over what precisely constitutes a religion. This is the definition of religion in Wikipedia I think religion is a kind of consensus, and Bitcoin is maintained through consensus, so Bitcoin is something similar to religion Consensus is particularly important in the Bitcoin system, as well as in religion. But the difference between the two is that Bitcoin is done by blockchain technology, while religion is done by preaching (sometimes it may be force coercion). We believe in Bitcoin because we understand the technical support behind it. Those who dont believe in Bitcoin have not even understood Bitcoin and blindly resist it. So I call popularization of blockchain knowledge a Missionary. |
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_______________________________________________________________________________ ___
This is me as a newbie who has just learned about cryptocurrency for half a year. The above are some of the contents that I have summarized myself. Here I want to learn from all skilled players. Is there anything I need to learn further? Thank you very much for sharing
You have been mentioning all of things that needed to did analyzation to the ico but i personally will be only following the hype. Here's why i was doing it. I have participated in there were lots of potential project as early investors like solana, avax and many more. These project gave me the best return in a short time. I were following the hype around the project. When there are lots of people have talked about such project and then it may become a key point why that project can increase lots in the future. I rarely doing complicated analyzations. Thanks for your reply, I am currently doing my best to find projects like solana and avax. Could you tell me where did you learn about these projects? By the way, I feel that the quality of projects ANN in the bitcointalk Forum has been getting lower and lower (or maybe I didn't find it). I don't know if there will be a grand project like ETH. I have learned a lot from the ico investor group called icodrop. You can join in this group if you can but anyone will always give you a reminder to do your own research. The final decision is yours whether you wanna take the chance or not. You can also visit icodrop to know more about that. Thanks for sharing @ICODrops, is this Twitter account the team you mentioned? If so, I will continue to follow him. I entered his official website, there are indeed many icos going on, but I havent started screening yet. |
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I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
Those who try to eliminate or replace Bitcoin are heretics or atheists. What is happening now I want to call it a religious war
In this way, Satoshi , the creator of Bitcoin, can be called a god. He changed the order of the world and brought revolution.
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I've found that discord has become a popular platform for coin marketing /launching lately. I stay away from Telegram and all the airdrop schemes/dreams, but with discord, coins can pay a relatively small listing fee with the tip bot "tipcc" and begin sharing their tokens with any and all discord users who are in any server that has incorporated the tipcc bot.
Once the new token has paid the listing fee, they are allowed to "promote" their project, which usually means posting a link to their server and relevant information, as well as posting an airdrop to be collected (no strings attached, just click a button and it goes into a user's tipcc custodial wallet).
There are some coins that don't make it, but there's no risk or investment for collecting, and you can find out a lot about a coin/token by how they handle their community in their own discord server. Also, you can still use your checklist of whitepaper/team/etc...
Yes, some airdrops for new projects are carried out on discord. However, some projects limit that only the first 100 or 1000 people who enter the discord can get these short positions. How to get this kind of consultation? Need to follow many projects on Twitter at all times? |
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How can individual coin have promising technology if crypto as a whole is still not proven? Ethereum promised to become world's computer and automate a ton of stuff in a decentralized manner, but what are its real use cases? Creating scam tokens, trading on DeFi and a bit of gambling. And this is the leader of altcoins. Others are even worse, literally zero real world use.
The price of alts is driven by hype and pumps with a goal of dumping to "bigger fools".
lol, perhaps the most popular NFT concept is the lowest cost Greater Fool Theory But the concept of NFT may be the spread of cryptocurrency to various benefits, such as the Music field, art field, game field, etc. |
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