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1461  Bitcoin / Bitcoin Discussion / Re: My Bitcoin was stolen from Atomic wallet on the 3rd of June on: August 04, 2023, 12:47:42 PM
Forgive me but my Bitcoin was stolen from the Atomic wallet on the 3rd of June as part of a massive draining of funds globally from that wallet. I just wondered if there was any way to recover or block the address of the hacker ?  I can actually see where the stolen Bitcoin sits but cant get authorities or anyone of note to help me with it.

It wouldn't be bad if you posted the address where the BTC that was stolen from you is located, because someone might be able to connect that address to some centralized exchange, which would give you the possibility to block those funds. In addition, if you don't want to give up on trying to do something, first write a letter in which you will describe what happened to you and send it to all centralized exchanges with all the relevant information.

The chances are of course minimal, but considering the stolen amount, it is always possible that the hackers will be found one day.
1462  Economy / Service Discussion / Re: Buying food with BTC on: August 04, 2023, 10:40:52 AM
Yes, for occasional purchases, $0.7 might not be a problem. But if I make purchases frequently enough, like eating 3x a day, $0.7 is going to be a serious problem for me. especially for me it only takes $3 for a meal so $0.7 is a lot as it seems like 20% of my meal cost.

You gave an example of transactions that are below $200, and now you mention transactions of $3 that are in the category of micro transactions and it definitely does not make sense to use Bitcoin on-chain transactions for payment in such conditions if the fee is in the amount of 5-10% of the total amount and if you do several such transactions per day.

Btw, sorry if this is off topic, but honestly I'm curious if bitcoins are effective for everyday purchases? Maybe someone who has lived in a country where bitcoin is legal as a means of payment can share their experience with bitcoin. I have a thought that bitcoins are not effective for everyday purchases due to high transaction fees and busy network so they often get delayed but that is just my opinion, I have never had any real experience using bitcoins for daily transactions.
~snip~

In such situations, we have the option to pay using LN, which is instant and cheap, and in the examples of El Salvador or the island of Boracay, we see that it works. Of course, users need to be further educated with such a payment method, but the payment process through LN has already been simplified quite a bit when it comes to certain wallets that support it.
1463  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 03, 2023, 02:57:33 PM
Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.


Source: https://bitcoinmonthlyreturn.com/

It seems that August was a positive month only in the years after the halving, (2013, 2017, 2021), and mostly negative in the other years. It is possible that this trend will continue this year, which means that we could expect the price to drop, although it is impossible to predict whether it will be only a few percent or something more serious.

Anyway, it seems to me that the chances of sliding down are slightly higher than any significant progress in the next 2-3 months.
1464  Economy / Service Discussion / Re: Buying food with BTC on: August 03, 2023, 02:10:22 PM
~snip~
Could someone enlighten me? Thanks in advance. Smiley

If @Faisal2202 managed to find the answer to your question, I doubt that you couldn't do the same, it's about the basics of using a search engine.



I will not repeat what is already on the links in the previous posts, but as far as the EU is concerned, the Dutch city of Arnhem is known as Bitcoin City and they say that you can buy almost anything for BTC there, including food.

Inhabitants of Arnhem Bitcoin City use bitcoin to pay for everything while shopping. Visitors of the Bitcoin town must understand the requirements when transacting in the city. Bitcoin is the city’s primary payment source. Restaurants, bars, hotels, and supermarkets allow customers to pay with Bitcoin. One can buy cakes, pastries such as doughnuts, food, flowers, interior design, and even frozen yogurt. A popular wood engraver, Tim also accepts Bitcoin as payment for his services. He has even put up a customized wooden sign printed in support of advertising that he accepts bitcoins. Most people get motivated to use bitcoin to pay for their beers with crypto.

The Bitcoin city advertises over 100 venues that accept bitcoin payments, and it is an impressive density of bitcoin-accepting merchants. The popularity of bitcoin lets one purchase organic food, car parts, sweets, and escape games. One can also travel between Arnhem and the airport to rent a car or hire a taxi.



On the other side of the world, there is the island of Boracay (Philippines) where Bitcoin has become a common means of payment, so you can also buy food for BTC there.



I never thought of buying products that have cheap prices with bitcoins. Transaction fees will look very expensive for transactions under $200.
~snip~

The value of the transaction has nothing to do with fees, but depends on some other factors such as the number of inputs/outputs (the size of the transaction) and the current state of the mempool. This means that if you were to buy food for $200 now (paid in BTC) and it was a standard-sized transaction, you would pay about $0.70 for a priority transaction.
1465  Other / Beginners & Help / Re: Did Bitcoin Bring a Smile to Your Face? How Did You Make It Happen? on: August 03, 2023, 10:49:10 AM
I don't get why a person has to quit their job because of Bitcoin, it's not like Bitcoin needs all of your time and effort, all you need to do is just buy and hold it.
~snip~

Read carefully what the OP wrote and you can get an answer from that :

Quote
I've come across numerous articles and blogs that share exciting testimonies of how Bitcoin has transformed lives, inspiring some individuals to even quit their jobs.

If the same question is still bothering you, then I will tell you that the internet is full of stories about how people got rich because they invested in BTC when it was worth a few tens of $ or maybe a few hundred $ - and some who read those stories think that maybe they too could realize their dreams with the help of Bitcoin. In other words, why work 7 or 10 hours a day and not be able to earn enough for a decent life, if there is something that has changed the lives of others for the better.

Of course, stories are one thing, but reality is something completely different. Everyone's life can change overnight if they win the lottery or find a treasure chest. Maybe you should check what is buried under an old tree Wink

https://abcnews.go.com/blogs/headlines/2014/02/california-couple-finds-10m-buried-treasure-in-back-yard
1466  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: August 03, 2023, 10:31:11 AM
I read today that El Salvador has now become the safest country in Latin America, and these are impressive results in such a short time.
~snip~

It's true that things are much better in terms of security than they were a few years ago, but when you lock up over 70 000 people in prisons (which is 2% of the adult population) then you definitely increase the security on the streets. However, what Bukele is doing has its other side, because when you implement repressive measures, the innocent often suffer, and that means that innocent people are also convicted, which again calls into question the state of human rights in that country.

Therefore, I would not agree that El Salvador has become the safest country in Latin America, but if they continue to implement such measures, perhaps they will deserve that title in the future.
1467  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: August 03, 2023, 10:17:42 AM
~snip~
How much larger is BlackRock as a company compared to MicroStrategy? When I was doing my research on that, I found out that BlackRock owns 8.1% of MicroStrategy.

There is no doubt that BR is an incomparably larger company that is also globally positioned and, if I remember correctly, has offices in 30 countries and provides services in around 100 countries around the world. But it doesn't make much sense to compare BlackRock and MicroStrategy because they are two completely different business models, and Saylor is still one of the people who has the biggest influence in the company and is also completely crazy about Bitcoin.

I assume that BlackRock does not just go in this direction without having insight into the wishes of its clients, but we cannot know how much of an effect it will actually cause.
1468  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: August 02, 2023, 02:35:05 PM
I feel like you do not need trillions, think about it this way, there are so many big companies out there, I mean the ones that can spend at least a billion in bitcoin, some smaller but still hundreds of millions.

If you think that 100+ companies like that all went into bitcoin around the same time, not at the same day, but like within the same month, the price won't be six digits? I mean that's tens of billions of dollars all go into bitcoin in a single month, maybe even close to 100+ billion dollars going into it in a month. I could see it reach to a million price. One of the main reasons would be there wouldn't be that much resistance neither, there are some here where we are, but not any higher levels have that kind of resistance.

So you start from the assumption that all these companies will invest in Bitcoin at some point (perhaps when the spot BTC ETF is approved), and from 2009 until now they have not done so, even though there are no obstacles to it? What are the chances for such a scenario?

Of course, if something like that were to happen (for some reason), then only the sky is the limit - but here we are talking about a radical turn from thinking "We are not interested in Bitcoin" to "Let's invest $500 million or $1 billion in BTC".



~snip~
Therefore I truly believe BlackRock will make the largest investment by an institution/asset manager in Bitcoin's history. How much is Chad Saylor's Bitcoin investment? 0.05% of Total Supply?

The first question is whether BR will get approval for that ETF at all, and the second, if it gets it, will their clients be interested in investing in BTC? What if the interest for that ETF is similar or only slightly higher than that shown by investors for futures BTC ETF?

In my opinion, it is wrong to assume that they will invest the most just because they have the most assets under management.
1469  Bitcoin / Bitcoin Discussion / Re: why bitcoin has 21million supply on: August 02, 2023, 01:38:05 PM
Why was the decision made to cap the total supply of Bitcoin at 21 million BTC specifically? it could be 10million, 100million, why the specific number "21"
~snip~

Maybe he just liked playing Blackjack, and maybe he was 21 at the time he started Bitcoin Wink



~snip~
Means, he must have some plans for future too, maybe he could be online again.

Of course, he will certainly appear after 10+ years to clear up the mystery behind the number 21 Roll Eyes
1470  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: August 02, 2023, 10:41:14 AM
Considering EL Salvador as an idol, three countries in the world have already accepted Bitcoin as tax free. Their GDP has already increased several times compared to other years.



Switzerland's GDP is $800B
Portugal's GDP is $63B
Panama's GDP is $257B

Source: https://twitter.com/satoshimoneybtc/status/1685020567471357952?t=EzEvEzrmhpXnZzwM6CBJ-g&s=19

When copying the data, you must be careful not to mix up the numbers, because at first glance I noticed that Portugal's GDP is not correct, simply too little for a country in the west of the EU.

Furthermore, if we look at the data from previous years, we can see that the Swiss GDP has changed only a little less compared to 2021, while the Portuguese one is quite uniform except for 2020, which was a pandemic year. Panama has some $10 billion more than before the pandemic, but can this be attributed to the fact that trading with BTC is not taxed in those countries?

https://tradingeconomics.com/switzerland/gdp
https://tradingeconomics.com/portugal/gdp
https://tradingeconomics.com/panama/gdp
1471  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: August 02, 2023, 10:25:12 AM
I wonder what happened next - RFK bought BTC for his dogs or a turtle or RFK ordered a pizza and paid for it with BTC? I think that too much dust is being raised about this man who has a chance to become president only if the current president does not live to see the next election or the one who attempted a coup ends up in prison.

1472  Other / Archival / Re: [banned mixer] - Premium Bitcoin Mixer | Launched in 2018 🛡️ on: August 01, 2023, 02:12:59 PM
It was my idea. The concept was that each participant in the campaign will have an individual avatar, by which users will recognize him over time.

Personally, I don't like such avatars too much, but I have nothing against them existing as an option for those who want to use them. In addition, I think that from an advertising perspective, avatars are far less effective than signatures, a direct link is still a direct link.
1473  Economy / Services / Re: Customer Service Opportunity in the Crypto Space! Join our Growing Team! on: August 01, 2023, 02:01:29 PM
As far as I'm concerned, the OP posted this job advertisement very frivolously, because serious people would at least provide the company name, e-mail or LinkedIn, and here we only have a bunch of requirements that the candidate needs to fulfill and Telegram for contact - not at all suspicious, right?
1474  Bitcoin / Bitcoin Discussion / Re: Certified Bitcoin Professional on: August 01, 2023, 01:42:05 PM
Well, it is nice that Andreas Antonopoulos are one of their board of Directors, because he is very knowledgeable about Bitcoin and Crypto currencies. He will not back any bogus organization that will issue doggy certificated, because he has a relative good reputation in the Crypto community.
~snip~

I don't think things like this have much purpose, because it's an exam that takes 20 minutes, it's done online and anyone can cheat (regardless of the short time). Furthermore, it is necessary to answer at least 70% of the questions correctly in order to receive a certificate, which for me is an insufficient percentage in determining that someone has enough knowledge to receive any certificate.

In addition, the price of one certificate is $100 + certification fee of $39.99, and the certificate is only valid for 2 years. We can think that someone is doing this because they want to help others, but in the end it all boils down to the fact that you have to pay $140 to get something that doesn't really have any value when you're looking for a job.
1475  Other / Beginners & Help / Re: Searching for articles or talks of long-term (10+ years) Bitcoin hodlers on: August 01, 2023, 11:04:26 AM
It seems that there are hardly any articles by long-term hodlers, unfortunately.

Maybe because these people want to be anonymous considering that they own significant amounts of BTC - and why do you think that someone would want to be a walking target considering that it has already happened several times that some people have been kidnapped or robbed in their homes because they are too much talked about things that should have been private?
1476  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: August 01, 2023, 10:51:39 AM
I've been telling people for months that Gary Gensler has told numerous times that Bitcoin is the only true decentralized cryptocurrency out there, the guy has been holding courses at MIT about Bitcoin and stated that so many times everyone who would have listened would have got it but no, Gary is evil and that piece of shit shitcoiner CZ is the crypto hero!
~snip~

Unfortunately, most of those who come into contact with cryptocurrencies do not care about anything other than profit, and they do not care what a cryptocurrency is called, who is behind it and whether it has any purpose at all. Therefore, the reactions to this kind of request from the SEC are mostly negative, and people like CZ are becoming even more popular because they actually provide the greatest support to all these nonsensical projects within their platform.



I would never dispute the right of someone to invest their money in whatever they want, but I would ask everyone who does so to sign a statement that they cannot ask for any help from state institutions for any possible loss. If people don't want the state to regulate the wild west when it comes to altcoins, then let them be prepared to bear the consequences of their decisions.
1477  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2023, 10:18:36 AM
Breaking 🚨 :- China 🇨🇳  to Develop Blockchain Infrastructure in Shanghai by 2025
After cracking down #bitcoin mining and other crypto realated activites, 📈 China 🇨🇳 again wants to become crypto HUB
Specifically, China is set to develop a blockchain infrastructure in Shanghai by the year 2025.
Nevertheless, the official government update stated that the plan is to “strengthen the application of blockchain in the real economy,
The country is executing similar actions in various cities.

This is no news, at least not when it comes to Bitcoin. If China wants to become some kind of crypto hub, it will only be about projects that it can fully control, or it will only be about the fact that it will start to use blockchain technology more. Some still live in delusions that China will return everything to the old way, but Bitcoin will not (officially) have a place in China as long as the communist party rules there.



US Presidential candidate Ron DeSantis: "We are going to let Americans invest in things like #Bitcoin   "

What kind of statement is that? Is anyone preventing the average American from investing in Bitcoin today? Again, DeSantis said something without consulting his wife first, and it really sounds stupid. This picture says more than enough, of course for those who know how to interpret it.

1478  Bitcoin / Bitcoin Technical Support / Re: I thought I would never get hacked... on: July 31, 2023, 02:38:05 PM
I only kept the amount of money I was "comfortable" losing.  It is definetely true that I made multiple mistakes. In fact, I used to have hot wallets before, but I have never done any of these mistakes. And now, I made them all at the same time.

Quote
I thought I would never get hacked...

There is a good saying that I have heard countless times in American movies that says "assumption is the mother of all fuc*ups", and if you think that something can't happen to you (and it happens to a lot of people every day), then you already have a big problem at the start.

Feeling comfortable and at the same time convinced that you are untouchable is a very dangerous combination.
1479  Economy / Scam Accusations / Re: Popular crypto influencer Pauly accused of Millions of Dollars Fraud. on: July 31, 2023, 01:44:42 PM
~snip~
Overall, just stay away from the coins that these influencers are shilling, or maybe just stay away from them completely.

That's really good advice, but the world is full of naive and greedy kids who just want what their idols have, which is a luxurious villa with a pool and of course some great car to brag about. However, only cases when someone grabs a few million come to the public, and in fact the biggest scams are those that do not attract the attention of the public, because a few tens of thousands of $ are no longer even worth mentioning.

That's why such things should really be regulated in such a way that not everyone can make their own token and put it online for sale. In other words, people should be protected from such fraudsters, and those who do this should be severely punished as a message for all others who think of such things.
1480  Economy / Speculation / Re: BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES on: July 31, 2023, 01:19:26 PM
In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin?

Until now, halving has been a very important factor when we talk about price increases, and probably the halving effect will not be absent the next time it happens either. Fresh money will flow into BTC just like every time, and maybe this time investing will be even easier for institutional investors who will have at their disposal a spot BTC ETF, of course we are talking about the US market.


Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think that the halving is one opportunity for profit that no one wants to miss considering that it happens every 4 years, in fact it is the only sure thing that investors can rely on. And as for money, there is quite enough of it that is not actually invested anywhere and is just waiting for the right moment. Most of those who have profited from BTC in the past will surely be able to recognize that moment again.
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