You need to realize that if it wasn’t for those selling Bitcoin at such a low price then Bitcoin might of not had the same success as it did.
Looking back the Pizza was a bad deal however it wasn’t the point. It basically proved that Bitcoin has a purpose and can be used to pay for transactions. And after that it become more and more popular. And shortly after it was used to trade goods and services.
Unfortunately, we all probably have similar deals to the pizza one. I had purchased a Minecraft account for the equivalent of $1,500 by today's standards. I don't blame myself for spending that money back then; I couldn't have known, while the most I had acquired in Bitcoin was 0.40 BTC and was spent immoderately. Supposing I had the opportunity to go back in time, I would go back to 2018's market crash, keep myself composed, and not give up on Bitcoin. There were an abundance of things that I could have done differently, that would have changed the course of my lifetime. That was my biggest mistake—not that I hadn't bought from 2014; I didn't have the means to do so, had no card, and was under 18. |
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All "renewable energy" has a profitability problem. The pitch the elites gave us was that we must pay higher prices for energy in order to save the planet while they were allowed to emit more pollution than some small countries. Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.
I've seen this complacency happen before. People become so comfortable with the state of affairs they actively seek matters to complain about for the sake of activism. Climate change activism is a career for some people. Greta Thunberg has the climate change grift down to a science so much so the UN asked her to give a speech. It's funny and ironic that citizens are supposed to pay the price for pretty much everything regarding the environment, whether it is a green tax on single-use plastics, car emissions, or electricity. I'm all in to preserving the environment, but I'm also careful myself and try not to waste resources or be ignorant and throw trash around. I always recycle, try not to use my car as often, and walk around, whenever possible. However, everything that is environmentally friendly is expensive, from disposable bags to paper straws to other kinds of packaging that isn't plastic. Why must these eco-friendly products be more expensive than the regular ones? Why am I supposed to pay the incentive of being thoughtful about the environment when large corporations are doing what they please, not caring at all, when they're the ones creating the issue in the first place? |
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As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.
This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.
Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?
It is certainly possible, to make a living from trading but only you can give the correct answer to this question. Everything, exclusively everything depends on you. How skilled you are, how disciplined you will be and how dedicated you will be to the whole job. Judging by what and how you write, I would rather say that you are a beginner than an experienced trader. In that case, you certainly cannot rely only on income from the trade, because there are no guarantees and you have a long learning way ahead of you. The moment you are ready to be independent and rely only on your trading skills, trust me you will not need this kind of advice from anyone. I couldn't have said it better myself. Trading is indeed a great way to make money; it has immense capabilities, and the opportunities are endless. However, you don't sound like an experienced user, and even someone advanced should under no circumstances depend solely on trading or even cryptocurrencies in general as their source of income. This rule applies to pretty much everything; you should never put all your eggs in one basket because it increases the risk of getting screwed over. I'm not claiming that trading isn't worth it; it is if you know what you're doing. However, it should be something to be considered extra and not a main source of income. You should always have at least one steady stream before doing anything. |
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Shrinkflation is practice of reducing the size of a product while maintaining its sticker price. I hate it when companies reduce quantity (and often quality too) of product to sell it at same price as before to combat inflation. Oh and don't forget those, "30% Extra" labels. Inflation makes everything rise, so might as well keep the original quantity and just increase the price. Do you agree? How would you combat inflation if you were running a company? Does it ever matter? Inflation is inflation. It doesn't matter if the quality/quantity gets reduced or the prices go up. You are terribly wrong about something. The business owners/managers cannot "combat inflation". Only the governments and the central banks can fight inflation by interest rate hikes, higher taxes and cutting government expenses. 99% of the time, inflation is created by the governments and the central banks, which is a part of the absurd reality we live in. All the companies in the private sector can only adapt to the situation(by cutting costs and increasing the prices). The issue is that companies are taking advantage of the current situation with inflation by further increasing their prices and/or reducing their quantities in an attempt to additionally increase their profits in the name of global inflation. Businesses and companies may not be able to battle inflation, but they can certainly worsen an already awful situation. Supermarket chains here are breaking records in profits in a period that's supposed to be characterized as worrisome and underwhelming. It's a complicated matter; on the one hand, governments are allowing them to constantly increase prices since there's little to no monitoring, while on the other hand, companies are part of the inflation issue due to their greediness to increase their massive profits. The shrinkage of packaging is a common practice that has become excessively prevalent in the past few years in an attempt to trick consumers into thinking that prices have remained the same. I used to work at a supermarket, and a wide variety of products had been shrunken, such as yogurts, butter, and bread. |
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It seems a little impractical to me, if I'm honest. There are simpler ways to correct grammatical errors through a variety of extensions, such as Grammarly or LanguageTool; I use the latter one. Although I'm quite proficient in English, these tools are extremely helpful to correct some of the small errors you might miss, massively improving your writing. Personally, I occasionally also use Quilbot for large amounts of text; it's basically an AI grammar checker that specializes in correcting grammar while also offering some other services that I haven't used (paraphraser, summarizer, and a few others). It's a lot more efficient and quicker than what you're doing.
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I haven't moved Bitcoin for quite a long time, so I'm not aware of the current situation,but I suffered from expensive fees a few years ago. I understand that it's frustrating, but it may happen if the network is congested. If you're not in a hurry, I'd suggest you try again later and lower the priority by decreasing the satoshi per byte. You'll wait a few more hours, but you'll pay a significantly lower fee, and in the worst-case scenario, you can speed up the process by bumping up the fees. I always used a lower priority and paid 1/4th of what I'd have to pay initially.
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I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds. It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.  How can HODLing/owning BTC weaken existing political strongholds? Could you explain? You touch on an interesting topic and it would be nice if you develop it better. More useful can be from the use of bitcoin, which is, in fact, the first cypherpunks and conceived. After all, they conceived it as a digital means of payment, and not a means for investment. Their protest was to switch to an alternative currency from the traditional monetary system. So it turns out that the more people will use BTC, the stronger this revolutionary movement will be and the more the very strongholds of which you speak will be weakened. I also don't understand how Bitcoin is perceived as a political movement that breaks down governments, as the OP is claiming. I recognize that governments certainly aren't fond of cryptocurrencies for obvious reasons (money laundering, tax evasion, privacy, no control over them, some of which are also extremely common with fiat currencies, but that's another story), although that doesn't cancel their investment nature. You may not consider holding as an active investment, but it's practically no different than buying an asset such as gold; you don't have to actively trade to be considered an investment. |
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A gas fee of 3$ on Eth network today can cost you 100$ in a bull market, crypto gurus please confirm this for me.
My strategy is to buy some Ethereum for gas purposes today, and for the sake of tomorrow, if you are a big bag holder of projects ruining on Ethereum network this is a gem strategy.
I have bought 50$ of ETH today for transaction fees only.
I'd say you're not entirely correct. It's true during bull market you will spend more money to pay the transactions fee, but you should calculate it through the coin equivalent, not the USD value. Right now $3 is worth of 0.00053 ETH when ETH price is currently $1,872/each. But during bull market $100 in ETH might worth of 0.005 ETH, which technically it's just $10 today. This is the Ethereum average transactions fee, there's sudden peak on early 2022 where the fees is $191 https://blockchair.com/ethereum/charts/average-transaction-fee-usd The OP might be exaggerating a bit, but I also believe that we'll see a great surge in transaction fees during the bull market. If you remember, a year or two ago—I can't exactly specify how long ago it was—gas fees were extremely expensive, and there were an abundance of threads in regard to that matter. Personally, I always used the Binance Smart Chain (BSC) and never paid any excessive fees when staking. However, I also saw a noticeable increase during the bull market for even simple transactions such as approving BUSD or USDT in order to add liquidity, not to mention the actual deposit and withdrawal fees for adding liquidity and removing liquidity. |
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We can not control the market but if we look at fundamentals of Bitcoin and believe in it, we can simply buy bitcoin and hold it. With holding strategy, we don't have to beat the market or control it. Let the market does it works and we only hold our bitcoins till a year we plan to take profit. What year should be in our plan?
It should be the halving year or a year after the halving year. Best is only sell our bitcoin after two halving cycles.
It only makes sense if we are disciplined with a good plan. If we are disciplined with a bad plan on a shit coin, we will get bigger losses, not bigger profit.
Choose a good coin (should be bitcoin), have a good plan, and be disciplined with the plan.
The OP is talking about losses in trading, but you're mentioning that holding provides peace of mind because you're taking into account Bitcoin fundamentals and the upcoming halving, which is wrong. There's no guarantee that Bitcoin's value will rise then because the financial situation may not allow it to flourish. Statistical data shows that it's likely but not guaranteed. On top of that, traders are a different kind of breed; your mentioning holding in this case is completely irrelevant. OP, trading is stressful and nerve-racking; I've done it before, and I completely understand your frustration. Losses are a part of the game; you can't always win, and eventually you'll suffer too. Have a stop-loss strategy and understand when you have to stop and take a loss or profit. |
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I was thinking who are the people that will buy these accounts? Only what that comes to my mind is that the scammers will be the people that will like to buy such accounts. I am also thinking that it can be beyond only hacked accounts because it is possible for people's KYC to be breached and stolen from exchanges and the platforms that the exchanges are giving the KYC. Darknet hackers are selling crypto accounts for as low as $30 a popDo not think everything you see on the web is true. Some people are using bought verified account. But I am thinking what will be the legit reason to be using a bought account? First of all buying hacked account is useless because even if the hacker can provide the login credentials on an exchange account you still can't login without authorisation link which will be sent to the email you used for registration and this security feature is called login shield which prevents logging in from new device until we give authorisation. There can be no other reason than scamming others using the account or possibly to launder the money but doing it is highly risky cause you can't deposit fiat to most exchange from third party accounts so you can use it for crypto to crypto conversion only. You are right, I believe that binance exchange have compulsory at least one verification for each account on their exchange before users can be able to withdraw their funds, so I don't understand what OP is talking here unless this is an old trick. Some exchange users are stupid, that even if any exchange don't care about verification before withdrawing they will continue to use their accounts without setting some extra security because of hackers, but today almost all crypto exchanges have compulsory additional security for the user. I've accessed the darknet markets in the past and have seen credit card and account sales; however, I'm not quite sure how legit these sales are; it's the darknet after all. Binance has second-factor authentication, either through a mobile phone or email; Kraken does too. I've used both and always had to go through 2FA. How would someone take advantage of such accounts when they're going to ask for further verification for every single process you do, especially if it's regarding a withdrawal or changing your withdrawal address and personal details? I highly believe that a large number of these sales are a scam to attempt to trick people who think they can basically purchase money with money. |
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That is why I would like to ask everyone here, which year do you expect the Bitcoin price to go beyond a USD value and achieve an infinite value?
That is just a joke from The Simpsons series to show how absurdly profitable and valuable Bitcoin can be. It's illogical and abstract to think Bitcoin will have an infinite price futurely, like it would be regards any other asset or currency. And actually Bitcoin has already gone beyond dollar's value, since 1 BTC worths 28,188$ on the currently quotation.  It's funny that people are using The Simpsons in an attempt to predict the future, not only for Bitcoin; this cartoon has been used for pretty much everything. The Simpsons was always a sarcastic cartoon covering controversial subjects in a subtle way, but in no way could it have predicted anything. In this case, the infinite loop is probably referring to its price, which has no specific boundaries and doesn't have a ceiling, as it could range anywhere from $100 to $200,000 or even more; there's no limit. I think it's best to lay back and enjoy the journey; we have plenty of years ahead and a possible bright future. For us, trying to find a possible meaning in pretty much everything in an attempt to come up with our own predictions doesn't help at all. |
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I haven't seen many cryptocurrency-related scam advertisements on Facebook, to be honest. I'm not sure if it's a coincidence, regulations that block them, or user reports, but I've seen an abundance of so-called entrepreneurs and Ponzi schemes. I can't comprehend that someone could fall for such a scam, while at the same time I'm wondering what this Telegram bot could possibly do to trick you into installing some unknown software—how and why on earth would someone do that? Even a cryptocurrency newbie wouldn't fall for that, unless they're also targeting naive people who have no relation to cryptocurrencies, tricking them into thinking that it's something that is possible.
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When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around $15k and they are still holding till now. The paradox of an early financial investment plan is how well you end up finishing it whether early or late Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.
Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere. Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person. |
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The traffic and active users would obviously decrease; it's normal. I noticed in a few replies that some users claimed that spamming would be reduced; however, I'm not 100% sure about that. On the one hand, signature campaigns provide an incentive to quality posting, but on the other hand, this isn't guaranteed and is subject to the campaign manager. A quick look at 1xbit's users is enough, since it accepted those without any requirements and those who had absolutely zero chances of being accepted elsewhere.
Generally, the spam issue derives from newer members who believe that entering a signature campaign and ranking up is effortless and from those participating in bounty campaigns, the majority of which have no requirements at all.
Personally, I'd still visit Bitcointalk because it's a great source of information, although I wouldn't be as active as I am right now.
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Impressive way of thinking; I honestly admire it. I've always been a low-end Android user, as I couldn't be bothered to spend a fortune on a phone. I couldn't fathom why people are paying a ton of money for such a smartphone when you can spend 1/3 of the money on something equivalent in specifications. A good portion of Apple's users are extremely fanatical and will buy whatever is released.
As you've mentioned yourself, it's the so-called prestige that characterizes their products; no one is ever going to comment on your high-end Android phone. Apple is doing a great job keeping their customers fanatized.
Anyway, good luck on your investment, I hope they are at least paying dividends that boost your final returns.
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I don't know how other members will take this topic, but i don't think it is correct or safe to estimate to the general public how much BTC you have, that can make you a target of attack. Some people here even know each other in real life, now i can imagine someone claiming they have >1 BTC here and some members know who they are, it is unsafe and a $5 wrench attack can happen to you. I prefer to say i have 0 BTC. Don't make your BTC holdings public.
I understand your point, but Bitcoin holdings are pretty much public; you can easily find someone's Bitcoin address through their posts if they've shared it in the past or through your signature campaign if you're participating in one. On top of that, I find the photo quite inacurate; it consists of only a few scales that place the majority of us on the bottom scale. If someone wants to spend his time tracing how much I own in my wallet, that's okay. But I will not by myself expose how many Bitcoin I am holding. Some of us from the same location know each other personally so posting your holdings is like telling them how much you are worth. And I don't also assume that everybody in this forum is saints. That's why I disagree with individuals that speak badly about mixers. They claim mixers are used by criminals, meanwhile, even a new Bitcoin investor like me needs it to promote my privacy. Meanwhile, I don't own much, but I am hoping to hold as much as I can afford. Case closed  . Understandable, as you wouldn't go around bragging about how much money you have; cryptocurrencies are no exception to this rule; you wouldn't boast about how much Bitcoin you're holding. This is something that should be applied in any case. Anyway, the scaling provided both by the OP and myself provides an extremely vague estimate of how much you're holding; I belong to the group from 0.10 BTC to 1 Bitcoin, so I'm holding anywhere from $3,000 to $30,000; the difference is huge. Unless you have an excessive amount, it's unlikely to be targeted. |
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I don't know how other members will take this topic, but i don't think it is correct or safe to estimate to the general public how much BTC you have, that can make you a target of attack. Some people here even know each other in real life, now i can imagine someone claiming they have >1 BTC here and some members know who they are, it is unsafe and a $5 wrench attack can happen to you. I prefer to say i have 0 BTC. Don't make your BTC holdings public.
I understand your point, but Bitcoin holdings are pretty much public; you can easily find someone's Bitcoin address through their posts if they've shared it in the past or through your signature campaign if you're participating in one. On top of that, I find the photo quite inacurate; it consists of only a few scales that place the majority of us on the bottom scale. The following one is the accurate one, starting from as little as 0.001 BTC (0 to 0.001). I'm sitting on the 0.10 to 1 BTC which accounts for 10.32% of the total addresses.  |
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I don't understand the whole concept regarding cloud mining, it could be due to it being associated with many Ponzi schemes guaranteeing huge returns, thus, I may be a little biased on whether it's worth it or not. Mining in general has slowed down, in terms of profit, not sure what applies to cloud mining and its options, as it's generally frowned upon.
Binance recently launched a cloud mining service and looks quite decent, it doesn't guarantee you specific returns while it warns you about any potential threats, but provides you with an estimate of your profit. I'd try it with a small amount of money if I were you, use $100-$200 and see how it works out.
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Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.
If we have lost, we have to pivot, analyze again, find out why, where did it go wrong, what is the future. Not if the loss is already screaming scam, blaming people who give "advice", following influence etc.
What we have to understand first is that there is no investment today, tomorrow you will become a sultan. Even next year or in 10 years, you will not necessarily become a sultan. Warren Buffet alone only returns 29% per year. And that means if we invest $10k, it will only be $12.9k next year, not immediately becoming sultan. Warren Buffet became a sultan because of consistent profits for decades. The key is patience, discipline and consistency in making investment decisions. Warren Buffet never loses? Of course, in 2015 Warren Buffet lost $444 million in Tesco shares.
In conclusion, it is very important to remember that losses are part of investing in bitcoin and cryptocurrencies and as investors, we must be prepared for them. Don't get caught up in negative emotions such as anger or disappointment when you experience a loss, but use it as a lesson to improve our investment strategy going forward.
I'm sorry, do you actually believe that 29% APY is low? A few stablecoin contracts offered as much as 20%, and they were great deals, let alone almost 30%. I wish had an investment that could achieve such a high APY. Moreover, I don't believe that the majority of users here expect to make money seemingly overnight; that's a common misconception a few newbies have when signing up. It's all part of the game. I've also lost money when investing, whether that was staking or trading, but I've also gained a lot more to cover such losses. It's inevitable; you need to accept it and move on. |
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The moment you visit a new website there is a chance that the website will display Ads and you won't be able to control anything unless you close the tab, some websites are this annoying.
There is no way you will browse on your PC and Ads won't do their thing, the solution is using an Ad-blocker.
I can't lose my crypto to scammers through my PC because I don't run any crypto wallet software on my PC, I believe doing this is automatically not safe, it is way easier to get into a trap while browsing on your PC than anywhere else.
Use an Ad blocker, get browser plug-ins from official websites, get an antivirus running, and be careful visiting any websites.
Adblock works for pop-up ads, banners, video ads on YouTube, etc. These ads, which the OP is mentioning and another user pointed out with photos, appear on top of Google's organic results, and you can be easily tricked into thinking that you're clicking on the right website, but you're not. I highly doubt that adblock is effective at filtering these advertisements. Unfortunately, in the case of cryptocurrencies, these malicious advertisements are extremely common, and the only way to avoid them is by being careful enough. The issue lies with Google, which isn't doing any serious background checks; these websites are constantly taken down and restarted with a different name and domain. |
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