Bitcoin Forum
April 24, 2024, 01:41:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 162 »
261  Economy / Gambling discussion / Re: Tennis League All Thread on: January 24, 2024, 07:48:12 PM
At the end of set 3 the joy from Alcaraz returned. And that resulted in a much better game. But Zverev answered great right at the start of set 4. I think that gave him back his courage. In the fourth set, it was a match of eye level. But overall Zverev played much more aggressively and that was the key for his success. After almost being eliminated from the Australien Open he showed great tennis today.

Zverev is ahead to the semi finals of this tournament. He performed really well in this match. He literally did not give any chance to his opponent. And to me, not at a single moment, I thought Alcaraz would be able to make a big comeback after he was down two sets to zero. I was actually a little sad, to be honest. Because I thought the matches were going to be competitive. But that was not the case. And people might think that I am talking trash about Alcaraz, but I am genuinely not and I obviously honestly expected Alcaraz to perform better.
262  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: January 24, 2024, 06:56:01 PM
Today's match is Fulham's home match. Still, I see no reason to think Fulham are favourites. This group is not very strong. They also lost against Chelsea in their last Premier League match. Also, if Liverpool draw today's match, they can qualify for the next round. So the possibility of Chelsea vs Liverpool final is more likely.
But in my opinion, the match at Fulham's home will not be burdensome for Liverpool after all, this is not a busy match so the players can be excellent in this match, to dominate the game, it is clear that Liverpool will master it, it is likely to decline all of its main squad.

A draw is enough for Liverpool, but if they think they can win then it will be much better, I'm not sure Fulham will continue to attack maybe the opposite where Fulham can be a defensive game in this match.

Looking at the betting market, the bookies offer odds on Liverpool which are quite large @1.84 this is still worth betting on in my opinion Liverpool will pursue the EFL trophy and finish it later in the final with Chelsea.

As only a draw is enough for Liverpool, I see Fulham's chances of winning very low. Because Liverpool's defense is very strong. It would not be wrong to say that Liverpool have the strongest defense in the Premier League. The team conceded only 18 goals in 21 matches. On the other hand, the opponent Fulham is not strong. Fulham's players will not be able to break Liverpool's defense if Liverpool plays defensively. So my guess is that the match will either draw 1-1, or Liverpool will win 2-0 or 2-1. I don't even think Liverpool will win by a big margin.
263  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: January 24, 2024, 06:34:37 PM
Most La Liga clubs have played their 21 matches in the league this season, and Girona is topping Madrid, which is in second place in the La Liga table, but if Real Madrid wins their outstanding match, they will top Girona with a 2-point difference. Even though Giron doesn't win the La Liga trophy, other clubs will still come for their good players because Girona has been performing well this season, and they only lost to Real Madrid this season.
Real Madrid has not yet played its 21st match this season and it will be played this week with a huge potential for victory because the opponent is a team that is not that strong even though Real Madrid plays at home to Las Palmas. So it is very possible that the first position will belong to Real Madrid again with Girona returning to the runner-up position, but Girona deserves a lot of praise because they were able to provide quite fierce resistance this season compared to Girona's achievements last season.

The Madrid team is very experienced. They have an experienced coach like Ancelotti. And with the help of Ancelotti, the team has been able to maintain a winning streak, with Real Madrid not usually dropping points against weaker teams. Madrid will face Las Palmas in the next match.

Real Madrid have won easily in their last three matches against Las Palmas. However, Madrid have drawn the previous two matches. Madrid are unlikely to drop points in this match. However, Madrid must perform carefully. If not, Madrid are likely to lose points. But I believe Madrid will win this match. and will once again occupy the top spot in the points table.

Girona is performing well. Therefore, if they want to keep the top spot in the table, Real Madrid must continue to win. If not, there is nothing surprising if Girona will be the champion of La Liga.
With the away win Las Palmas had against Rayo Vallecano, Las Palmas have recorded two consecutive wins in La Liga without conceding a goal in their last two matches in La Liga. Las Palmas is in good form currently, and I think Real Madrid could find it difficult to win against Las Palmas because Real Madrid will visit Las Palmas at home.

Las Palmas have won their last two matches against Rayo Vallecano and Villarreal. Their performances have been good enough, I won't deny that. But a good performance against Real Madrid is challenging for any team. Unless Madrid are very unlucky they won't drop points against a mediocre team like Las Palmas. Ancelotti is very tactical. He can easily spot the opponent's weaknesses, and tailor his match strategy accordingly. But the defense of Las Palmas is quite strong. So if Vini and Rodrygo don't play well in this match, it will be really difficult for Madrid to win.
264  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: January 24, 2024, 06:02:18 PM
Of course they can, any team that makes it to a final has a chance of winning the trophy and if they were not strong enough, there's no way they could have progressed as far as the final. Chelsea fans will be watching the Liverpool v Fulham game today with interest, Liverpool hold a 2-1 advantage coming into this game, but this second leg is at the Craven Cottage, so it is going to be interesting and i think Fulham have a small chance. Chelsea would remember their recent defeats in cup finals against Liverpool, so they would either hope to meet them in the final for revenge or they might prefer a London derby final with Fulham.
I think Liverpool has a better chance of winning. They had won the first leg 2-1. So they only need a draw to advance to the Final. And Fulham they must be able to lead by at least 1 goal difference just to continue to extra time. And a 2 goal difference to advance to the Final. So they have a 50% higher chance. So let's talk about the Final match between Liverpool and Chelsea. With Chelsea's current form I think Liverpool will have a bigger chance of winning the Carabao cup. Unless Liverpool are unlucky on the night of the final. Because I think anyone will favor Liverpool more than Chelsea.

Liverpool team is in very good form. They have won their last 5 matches. Liverpool also dominated and won the home match against Fulham. However, the goal difference was not much. Even so, the match was dominated by Liverpool players.

Today's match is Fulham's home match. Still, I see no reason to think Fulham are favourites. This group is not very strong. They also lost against Chelsea in their last Premier League match. Also, if Liverpool draw today's match, they can qualify for the next round. So the possibility of Chelsea vs Liverpool final is more likely.
265  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: January 24, 2024, 05:50:53 PM
Most La Liga clubs have played their 21 matches in the league this season, and Girona is topping Madrid, which is in second place in the La Liga table, but if Real Madrid wins their outstanding match, they will top Girona with a 2-point difference. Even though Giron doesn't win the La Liga trophy, other clubs will still come for their good players because Girona has been performing well this season, and they only lost to Real Madrid this season.
Real Madrid has not yet played its 21st match this season and it will be played this week with a huge potential for victory because the opponent is a team that is not that strong even though Real Madrid plays at home to Las Palmas. So it is very possible that the first position will belong to Real Madrid again with Girona returning to the runner-up position, but Girona deserves a lot of praise because they were able to provide quite fierce resistance this season compared to Girona's achievements last season.

The Madrid team is very experienced. They have an experienced coach like Ancelotti. And with the help of Ancelotti, the team has been able to maintain a winning streak, with Real Madrid not usually dropping points against weaker teams. Madrid will face Las Palmas in the next match.

Real Madrid have won easily in their last three matches against Las Palmas. However, Madrid have drawn the previous two matches. Madrid are unlikely to drop points in this match. However, Madrid must perform carefully. If not, Madrid are likely to lose points. But I believe Madrid will win this match. and will once again occupy the top spot in the points table.

Girona is performing well. Therefore, if they want to keep the top spot in the table, Real Madrid must continue to win. If not, there is nothing surprising if Girona will be the champion of La Liga.
266  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: January 22, 2024, 11:45:14 AM
It looks like Ivan Toney isn't leaving Brentford just yet. Because some sources say that he has decided to stay at least until the end of the season. Chelsea and Arsenal have been the most interested teams in him recently and they will have to wait for a little more then. But will it be worth the wait? I think yeah, definitely.  Smiley

Because Toney is a very capable striker you know. He was a great scorer before getting the lasting punishment. Now he is back in action and he already scored a goal in his last game. He is definitely a good alternative for some bigger teams at the moment.
~snip~
Apart from that, I think Ivan Toney career would be much better if he joined a strong team like Arsenal or Manchester united rather than staying with Brentford. On the other hand, Brentford will prepare Ivan Toney with a clause value that is high enough so that these three teams will think long about putting an offer on the table.
But what I admire about Ivan Toney is that he was able to maintain his good quality because he was absent for quite a long time but when he returned to the field he immediately scored a goal. And of course the fans really want to see Ivan be able to stay with Brentftod for a long time.

Ivan Toney is still very young. And yes I absolutely agree that his career will be better if he does go to a strong club. Now it might take a while for him to find it regular place in the squad. Especially if he goes to a very strong club like Arsenal or Manchester City or some other club like that. But it is going to be better for him in the long run. He is still only 27 years age. So he still has a long time ahead of him. And these are his prime time. He should look to make the best use of this time. The fans are always obviously going to want the best thing to happen for their club.
267  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: January 22, 2024, 11:18:21 AM
In today's Bangladesh Premier League match, Durdanto Dhaka batted first and collected 136 runs for eight wickets in the stipulated 20 overs. With this low number of runs today it is doubtful whether Durdanto Dhaka  can win against Chattogram Challengers as Chattogram Challengers squad is very strong even their batting.

Meanwhile two opening batsmen of Chattogram Challengers entered the field and started the game. Chattogram Challengers have collected 10 runs from two balls at the moment and they need only 127 runs which they can do very easily and their team will win. Chattogram Challengers have lost a wicket at the moment, Md Shariful Islam sent Avishka fernando out LBW and sent to the dugout.

Dhaka was unable to post a big total. And that's simply because they did not perform very well at the start of the innings. They lost four wickets for only 33. And that's why they were unable to accelerate almost throughout the whole innings. In the end, they did not give Chattogram a big enough target. And in the end, Chattogram was able to win the match pretty easily I would say.  They had six wickets and 10 balls left. Chattogram also had a problem towards the start. They lost two wickets for only 28 runs. But they were able to recover.
268  Bitcoin / Bitcoin Discussion / Re: Knowing Bitcoin price history is important on: January 22, 2024, 04:50:34 AM

In 2014, Bitcoin went from about a thousand dollars to under $200 and finally ended the year at just over $300. This kind of knowledge helps you keep the faith as a Bitcoin holder when the price dips.

I agree with you that knowing the history of Bitcoin and how the price changed over the years is very helpful. I am just not sure how the exact price almost 10 years ago is going to help us make better decision today. Would you expect the price to drop down to 200 USD again during a bear market? For me this is very unrealistic, because I don't think we will ever see a price below 10,000 USD again. There are just too many different investors who would be buying large amounts of bitcoins below 20 or 15,000 USD. Maybe a more relative comparison  of the price 10 years ago can help. But even then would we expect a 80% drop in price this year? This seems quite harsh for my expectations of 2024. The world is still recovering from the pandemic and the high inflation rates. Also we have the halving coming up this year. I am rather expecting rising prices this year than falling prices.
What the OP said might be truth because with some good information about the past price of Bitcoin one can easily tell or predict how much it will be next time.
However, most of the times some predictions are might not be accurate but there will definitely be a day or time when one can predict the actual price of Bitcoin.
I also don't think that Bitcoin will ever decrease to $20 or $15k in future because it will cause a serious commotion that a lot of people will buy and hold it, both those that do not have the money to buy the Bitcoin at that time will want to borrow and buy (which is not a good idea).
The reason why I said it would be good to know the past price of Bitcoin is because it might help an investor to know when Bitcoin will increase or decrease.

It can be said that to be able to predict the future, historical data is indispensable, but I will not agree with you that just based on bitcoin's price history, we will be able to easily predict future bitcoin price. For example, can you predict what the price of bitcoin will be during the upcoming bull season based on historical data?

I agree that we probably won't see bitcoin price below $15k again, it's really unlikely but to me there will always be 2 scenarios. One is that people will be afraid and not dare to buy bitcoin because it is too risky, two is that there will be people who see it as an opportunity and they are willing to accept the risk of buying bitcoin if it drops further. The market always has two sides: sellers and buyers, if there were only buyers, the price of bitcoin would never decrease.

Currently, the price of bitcoin is still falling and many people always complain about the price of bitcoin being too high and they have no chance to buy but today the price of bitcoin is below 41k$, but how many people are buying?
269  Bitcoin / Bitcoin Discussion / Re: Bitcoin an opportunity like land on: January 22, 2024, 03:22:51 AM
Both are good investment, if you have both then you're lucky.

It is true that land as a property is such a good investment, however, the tax you're going to pay per month or per year is also a pain in the ass if you don't put anything in your land, like raising livestock on it or plants fruits and vegetables to generate more profits. Here in my country, land that are near the roads pitch much higher prices than those who are in a very high places like in farms near the forest.

While Bitcoin, if you bought some and hold for long term, it is all about waiting game until you hit the price where you're contented about selling it, no hassle at all. Though each of them has their own advantages, so either of them is a good investment in short.

I see people often complain about land taxes, maintenance costs...then compare it to investing in bitcoin and think that investing in bitcoin is better. But everything has its price, we pay real estate taxes but in return we will be protected by the law if a dispute occurs, they will ensure the safety of our property. Meanwhile, investing in bitcoin will not cost anything, but in case our bitcoins are stolen or hacked, there will be no one to protect us. Not to mention the price of bitcoin is very volatile and what will happen if the price of bitcoin continuously drops? Meanwhile, with real estate you can create passive income from it.

Each asset has advantages and disadvantages, depending on each person's needs and choices. Don't just because we are bitcoin investors, we can say bad things about the remaining investments. Real estate is not only an asset worth investing in, but it is also an essential need that every person needs, we should not deny that fact.
270  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 21, 2024, 08:49:39 PM
Lecce  0-0  Juventus Half Time

Expected to see Juventus dominate against Lecce. But Juventus players are not able to perform well in this away match. Both teams could not score any goals in the first half.

Lecce is a relatively weak team. They are winless in their last four matches and even Lecce have won only four matches this season. That's why I thought Juventus might be going for an easy win. But this is not happening. Juventus players were not able to attack much in the first half. If the performance of Juventus' attacking players is so weak in the second half as well, they will not win today's match. They definitely need to step up their attack.
271  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: January 21, 2024, 06:14:25 PM
That's crazy guys,  Cheesy Real Madrid have won the match even after two goals down, but Hala Madrid did one of the (el mejor regreso). The king of Europe is getting first place in La Liga and not letting anyone lead it. But anyway, I am very excited. I didn't have much more to say, but the match is so dramatic. The last goal of Dani Carvajal in 99TH minutes is a special one. Oh well, Jude Bellingham played his best performance and showed fans how to get come back. He did it so well his rating is outstanding; he scored a goal, provided an assist and won the Man of the match award. Vini Jr goal  ;)was a hand ball and the referee gave it to the allowed. But anyway, this was the great comeback from Real Madrid.

That was interesting comeback from Real Madrid. I did not think Real Madrid was going to win the match, to be honest.. it was already 90 minutes and I thought this match was definitely going to end in a draw. But the match did not. Real Madrid has a habit of finding a way to win no matter what time it is. Real Madrid is leading the La Liga table right now. And Girona is the only one close to there with two points less. I really do not think that Real Madrid is getting enough pressure from other teams in this season.  It's like Real Madrid does not have any actual competition.
272  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: January 21, 2024, 06:00:56 PM
Lerverkusen title charge just got handed a huge boost with the loss Bayern suffered. They are now seven points clear at the top, with a game in hand to Bayern.
THeir match against Bayern early next month will be a huge decider in the title race. If Lerverkusen can win that, they would have a very commanding lead at the top. They also look to be more of a winning side than Dortmund of last season.
Leverkusen continued their positive trend again after beating Leipzig and now they are a little more comfortable at the top of the standings after Bayern Munich suffered defeat against Wender Bremen at home. Seven points and one game in hand for Bayern Munich and maybe this is a good chance for Leverkusen to lift the trophy this season. If they are able to be consistent and beat Bayern Munich in the next match then the opportunity will be quite open.

Bayern Munich had to accept a quite painful defeat at home even though they played quite dominantly in that match, but because Wender Bremen's defense was quite solid, Bayern Munich players had difficulty scoring goals. Unfortunately, Bayern Munich conceded in the 59th minute and until the match ended no additional goals were scored for either team.

The point difference just got really big. And I think even though Bayern Munich does have one match in hand, it is not going to be a great thing when they look at the point difference and see that it is already 7. Bayer Leverkusen is performing really well. And I kind of did not expect that. I expected them to drop in terms of performance and Bayern Munich to take the lead. But the opposite happened. I think there is a very good chance for Leverkusen to actually take the Bundesliga title of this season. But of course that is if they are consistent with their performance.

Imagine Bayern Munich not winning the Bundesliga title right after they got Harry Kane!
273  Economy / Services / Re: 👉{OPEN}▄■▀■▄🌟Bitvest.io🌟 - Plinko Signature Campaign, Member+ {Funds Escrow] on: January 21, 2024, 04:33:24 PM
Withdraw my application
274  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: January 21, 2024, 01:18:37 PM
Today New Zealand U19 team and Nepal U19 team take on each other in seventh match of 2024 U19 World Cup.New Zealand Under 19 batting first in this match, they have collected 146 runs for 3 wickets in 32.4 overs.
Nepal U19 team is a weaker team than New Zealand U19 team. It can be said that New Zealand U19 team will win the game of these two teams today.

But the way New Zealand U19 batsmen are scoring runs per over, their 50 overs will be 230 plus.New Zealand U19 batsmen need to score more runs per over if they can score 250 plus runs in 50 overs then they will surely win against Nepal U19 team.
New Zealand under 19s vs Nepal under 19s team game is playing in pitch and New Zealand under 19s won the toss and chose to bat first in this game. Nepal team under 19s team is not much powerful team than New Zealand under 19s. New Zealand under 19s team batted 45 overs and scored 243 runs by losing 6 wickets. 6 overs are left and I believe that New Zealand under 19s team will scored 40 to 50 runs. S.Reddy batsman is very close to achieve century and only one runs left and he also still bat in pitch. He scored 99 runs in 105 balls with eight 4s and two 6s. Leader O.Jackson was dismissed in pitch but he performed very well and he scored 75 runs in 81 balls with three 4s and five 6s.

The New Zealand under 19 team has given a really big total for the Nepal under 19 team to chase. And to be honest I don't think Nepal under 19 will actually be able to chase the target successfully. The target is 303 and Nepal has not even reached 50 so far and they have already lost two wickets. 11 overs have been played in the second innings. And the required run rate for Nepal is already over 6.51. I do not think they are winning this match. The only thing to see now is by how much of a difference New Zealand will win this match.
275  Economy / Economics / Re: How to stay poor! on: January 20, 2024, 02:56:45 AM
Yes, I understand what you mean, the point is, don't do what you posted if want to be rich, but if want to be poor, have to obey what you say. Grin

Yes, sometimes we always carry out habits that make us fall into poverty and indeed habits like the ones you mentioned are always carried out by many people, including myself, who have done this and as a result it will be difficult to become rich.

The OP's ironic advice is correct and we should stay away from them if we don't want to be poor. But even if we fully implemented the OP's advice, it wouldn't make us rich. To me, these are just things we should stay away from if we don't want our lives to become more complicated and deadlocked. In terms of getting rich, this doesn't make any sense.

We all definitely want to be rich or want to become richer but sometimes there are times when luck doesn't come our way and it's certainly not our desire to be poor. but the best thing is to keep trying and work according to your abilities and learn from failure to achieve success.

Yes, I hope that by making this topic we will realize that we should not do things that make us poor.

This is the formula that helps us become rich. Besides working hard and constantly trying, I don't see any second formula to help us become rich and prosperous.
276  Bitcoin / Bitcoin Discussion / Re: Blockchain could change our future even in elections? on: January 20, 2024, 02:35:12 AM
Blockchain is a new technology but it is not so new that politicians have never heard of it. But so far, they have no intention of including it in the voting system in elections for some reason. So it can be said that blockchain can change and bring more fairness in elections thanks to its transparency, but the problem is that they do not want and do not intend to make everything transparent and fair. 

Regarding politics, I don't think everything will just stop at vote fraud, but I think everything is planned and scripted in advance. The person who comes to power is predetermined and not based on votes as we expected. Not everyone wants fairness and transparency.
277  Bitcoin / Bitcoin Discussion / Re: Can Satoshi Nakamoto remove the 21 million BTC limit? on: January 20, 2024, 02:26:25 AM
I wouldn't say it's not possible, Yeah because before JP Morgan made such statement he must have done some research and found the possibility rate to be high, so he wouldn't just say things for saying sake.

But IMO, I don't believe it's gonna ever happen because of the trust it have already gain and investors believe that in less than no time BTC will be so scarce that the ones that has been held already will now become so expensive then their profits will be so guaranteed. So if this 21 million feature of bitcoin is lost the value will drop hence investors will loss interest gradually everything that has been working well will now be like every other Altcoins. Which is a major reason it won't be possible.

I think on the contrary, he just says what he thinks, he has never done any research on bitcoin. Because if he researched carefully, he would know that Satoshi is only the creator of bitcoin, not the person who will have full authority to change everything about bitcoin. Bitcoin is decentralized and controlled by the community, and if we want to change anything, we need consensus from everyone. To do that is extremely difficult, if not impossible.

Although bitcoin scarcity is not the only factor causing bitcoin prices to skyrocket, it is one of the important factors and everyone knows it. So I believe no one wants to change the bitcoin supply.
278  Bitcoin / Bitcoin Discussion / Re: My dream business succeeded on: January 19, 2024, 09:39:45 AM
Edit: after much deliberation and suggestions from responsible members that gave their individual opinion to me here, I have therefore retorted to use TRC 20-USTD and BNB for payment hence, I've removed my initial wallet address i made available earlier as my intended payments method but however, I'm optimistic to use bitcoin as a payment method for my business in the future when transaction fees will definitely reduce to a considerate price and probably no congestion in the mempool.
Even if bitcoi mempool ceases to be overloaded, then given the high cost and rising price, bitcoin it seems to me, will never be used as a means of payment for the purchase of beer or other alcohol in a bar. The commissions are too high and here the old analogy comes to mind: it’s like buying a cup of coffee beer and paying with a bar of gold. The values of the conventional beer and the means of payment are too disproportionate.



This is true, if it were me, I wouldn't use bitcoin to pay for a loaf of bread, a bottle of beer, a cup of coffee...Frankly, I have no reason to pay extra transaction costs for small bills while if I use fiat I don't have to pay any extra fees. Not to mention transaction confirmation time is also an issue, I won't have enough time to wait for transaction confirmation with today's rushed life, and with fiat I don't have the same problem. 
Using bitcoin as a means of daily payment has too many disadvantages and many people know this but they still stubbornly refuse to accept this truth.
279  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin as digital currency on: January 19, 2024, 09:20:29 AM
-snip-

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

-snip-
 

I don't know why you idolize Bitcoin so much like it gives you a path to success. Believing in Bitcoin is okay, but when you say that with Bitcoin someone who was born poor and works hard can become whatever he wants, it's very funny, because even without Bitcoin someone can become successful if he works hard and smart. Moreover, you cannot be 100% sure that with Bitcoin everyone who invests in it will be successful, until now there are still people who have lost because of investing in Bitcoin because it has risks and volatility. So think smart, don't just type whatever sentences come into your head.

Not only the OP but many people also have similar thoughts, they idolize and consider bitcoin as a supreme being that will help them solve all problems. This is a consequence of many people spreading bitcoin in an exaggerated way, many people only spreading the benefits of bitcoin such as only talking about profits, decentralization...and they don't mention the risks of owning bitcoin.

Honestly, spreading bitcoin is a good thing but we also need to share everything about bitcoin with them, spread the truth and not exaggerate bitcoin more than necessary to newbies. That won't help and it will even harm newbies, and won't make bitcoin any better.
280  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETFs - Good or Bad? on: January 19, 2024, 08:47:03 AM
So, the much anticipated (under speculators) Bitcoin ETFs have recently been approved by the SEC. Most speculators bought into the hype, expecting a massive increase in the Bitcoin price. Roll Eyes

The question you have to ask yourself is this :

1. Do you want large institutional financial organisations buying large amounts of bitcoins and then locking it up in centralized trading platforms?

2. Do you want Bitcoin to be a commodity or a currency? ETFs will destroy the goal of Bitcoin becoming a currency.

3. ETFs take direct investment capital into personal ownership of Bitcoin away and it pulls that capital into centralized trading platforms. (Those coins are owned by the trading platform, because they control the private keys)

4. Fiat whales get control over bitcoins and can be used to manipulate the Bitcoin price. (They control the traditional Fiat investment options, so they will gradually increase their ownership of bitcoins to control that too)

5. ETFs destroy pseudo anonymity, because it is highly regulated with strict KYC requirements implemented to identify every trader on their platform.

6. Bitcoin's future success rely on actual coins being transfered on the Blockchain, because it generates miners fees to reward the miners. What happens when the Block reward falls away and not enough transaction happen, because bitcoins are locked up in ETFs.

I hope people are not too blinded by greed to see the dangers of Bitcoin ETFs and the centralization of the tokens in Fiat controlled trading platforms.

Let's discuss..

Do you still think Bitcoin ETFs are the Knight on the white horse?
Many of the fears that I thought about the bitcoin ETF before when it was approved, some things like what you mentioned in points 4 and 6, this will become a reality and will be easily manipulated by certain parties, especially by Blackrock itself which has a large enough fund to move the price of bitcoin or even carry out activities that can harm many real bitcoin investors due to price manipulation, but maybe if the financial companies that propose this bitcoin ETF will not stay silent with each other, because in my opinion they are also in the scope of competition, there will be conflict if one of them is detected manipulation and or kill each other. IMO

Why are people afraid of manipulation from those funds because even without ETFs, the market is being manipulated by bigger players? Bitcoin and cryptocurrency has been a market rife with manipulation since its inception and it remains so until now, I think no one is unaware of that.

I'm not saying ETFs are good but everything has its pros and cons. Perhaps now funds like blackrock and greyscale are using their power and wealth to manipulate the market. But why don't we think further when in the future there will be many funds and investors participating in the market and helping the market become even stronger? And once the market gets bigger, price manipulation gradually disappears.

ETFs will indeed reduce bitcoin's decentralization, but that's the price we have to pay if we want bitcoin to become more popular.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 162 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!