1281
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Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC?
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on: January 20, 2023, 04:36:11 PM
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I’ve been anxiously checking the price of bitcoin all day so far since this news became official we have not seen a negative reaction to the market.
My only concern is that we see more contagion & they end up taking other businesses down with them. So far so good though, we are not out of the woods yet but it’s looking good that there may be a widespread case of seller exhaustion.
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1282
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Economy / Speculation / Re: what caused bitcoin to go up this january 2023
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on: January 19, 2023, 08:43:30 PM
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Possibly the reason for the price dipping so hard was the implosion of various exchanges & staking platforms. The price crashed hard as the market reacted to said news. Nature is healing though & we have recovered basically the entire FTX dump.
Hopefully the bottom is in & we start to climb up. I will be very bullish if we can break 25k & stay there. It’s going to be an interesting year to see how bitcoin performs.
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1283
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is this asset or security
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on: January 19, 2023, 08:02:59 PM
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Bitcoin is a commodity & every other crypto asset is a security. It’s just the way it is, it’s not a bad thing. You can still make a lot of money in altcoins, it’s just they are mostly all centralised. You can make higher returns in alts than bitcoin so don’t be put off by them being securities.
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1284
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Other / Off-topic / Re: what musical instrument do you play?
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on: January 19, 2023, 08:00:20 PM
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I have full respect for anybody who can play an instrument. I trialed for trumpet playing when I was at school but I wasn’t good enough & didn’t get selected for the class. After that I didn’t ever try again, I’d love to play guitar but I feel too old maybe.
I don’t even know how to read music if I’m honest. That’s something that needs to be taught & again, maybe too late for me. If you have the gift to play an instrument well, don’t give up on it. Keep on playing that sweet music.
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1285
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers
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on: January 18, 2023, 10:41:46 PM
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I agree to stay away from them, these guys are vultures with a vested interest in whatever schemes they or pushing or whatever trade sentiment they are suggesting you follow.
There’s nothing wrong with using a variety of info you pick up from lots of different people & using it, combined, with your own ideas to help form a plan or strategy.
Never, ever follow what an individual says to do on social media, just because they have lots of followers.
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1287
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Economy / Speculation / Re: Did you sell off during the 21k price breach.
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on: January 18, 2023, 09:20:54 PM
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I did not sell any bitcoin as we went over $21,000. I do not think it is a time to sell this year, we are still in a downtrend & until the price breaks above something like $30,000 that is not invalidated. I’m not totally sure that we won’t revisit lows. If you can take opportunity to scalp some profits then go ahead but I have a longer term plan with bitcoin. Everybody has different needs & plans so do what is best for you & your families.
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1288
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Bitcoin / Bitcoin Discussion / Re: It is ok to sell your Bitcoin.
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on: January 18, 2023, 08:29:54 PM
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HODLING forever is silly, what’s the point HODLING if you can’t enjoy some of your profits & be rewarded for your ultimate patience & dedication. It’s tough during a bear market but I would never advocate selling then. That is your time to buy.
You should sell some when we are riding highs & in a bull market. Don’t sell & waste it though, put money down for a house, pay off debt. Do not buy deprecative assets. Be smart, I wish you good luck.
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1289
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Other / Off-topic / Re: How do you stress release after your working hours?
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on: January 18, 2023, 07:20:18 PM
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I like to watch sports, I enjoy a beer or ten. I like to spend time with my family & watch movies. I like to do stuff around the house. Thinking about it, there are so many things I enjoy & to be honest, working isn’t one of them. That’s probably the same for most people though. Who enjoys working, not me.
The biggest stress release is just relaxing, there are so many things you can do to just switch off & forget about work & all the stresses that surround it.
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1290
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Vs Cardano
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on: January 16, 2023, 08:32:26 PM
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Cardano is a lot cheaper than ETH so we may see newbies decide that Cardano is a better option for them than ETH. I think both will do really well in the next bull run but if I had to pick one to invest in right now I would pick Cardano.
I think ETH could do a 10 to 15 x increase in price in the next big bull market but Cardano has a higher ceiling, maybe it could easily do 100 x increase.
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1291
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Other / Off-topic / Re: Evolution of Scams, hacking
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on: January 16, 2023, 08:04:13 PM
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Obviously as time has passed hackers have got more sophisticated & refined their attacks. I remember when I was a teenager downloading files on AOL, visiting porn websites when my parents were out (don’t judge me). I got in so much trouble downloading shitty short videos. One time I got my parents PC so badly infected with malware that they had to call in a repair/software guy. He wiped the computer clean but told my parents it was due to visiting adult sites. I should have denied it & blamed it on my Dad.
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1292
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Other / Off-topic / Re: TRAVEL THE WORLD?
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on: January 16, 2023, 07:34:18 PM
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If I had to name 7 countries that I would like to visit (that I haven’t already) I’d probably go with.
1. Thailand 2. Australia 3. Japan 4. Maldives 5. French Polynesia 6. France 7. Greece
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1294
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Other / Off-topic / Re: Instead of cryptocurrency, what you guys prefer to invest?
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on: January 16, 2023, 06:48:10 PM
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Bitcoin is the best investment you can make for the next 30-40 years in my opinion. There are some traditional investments that are a good option for a diversified portfolio. You can buy stocks, I specifically like managed funds like the S&P500. Historically it’s done very well.
I don’t really like precious metals to be honest but each to their own. Do your own research before investing in anything obviously.
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1295
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Other / Off-topic / Re: Video of Pigeon caught smuggling crystal meth in prison
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on: January 13, 2023, 09:41:41 PM
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Pigeons are really smart animals, they can be trained really well. Some people race them over long distances for sport. This kind of thing happens all the time, it’s a good way for criminals to get drugs into maximum security prisons.
Weirdly the drug trade is big even in jail & obviously it’s tough to smuggle drugs in. Our feathered friends are obviously very useful to these guys. I just hope they get fed well & looked after.
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1296
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Other / Off-topic / Re: RIP Lisa Marie Presley
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on: January 13, 2023, 09:27:15 PM
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Far too young to die, even if it was drugs or not. She leaves behind 4 children, Riley, Benjamin, Finley and Harper. I don’t think it’s nice for anybody to start mocking the dead so even if she was suffering from addiction, let’s allow her to RIP.
May her family grieve without people disrespecting her on the internet. Far too young, tragic & needless loss of life.
RIP Lisa Marie, have a ball up there with your legendary Father.
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1297
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Bitcoin / Bitcoin Discussion / Re: Why would someone send 4 BTC to Satoshi (Genesis block)
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on: January 13, 2023, 07:13:54 PM
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Seems really stupid, I hope the person who send these bitcoin is a whale because that is a lot of money to send to an address that will never use those bitcoin. Craig Wright has lost access to those keys (i’m kidding, I’m kidding ). Every lost or inaccessible bitcoin is a donation to us though so thanks anon That’s 4 more bitcoin effectively out of circulation & off the market
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1298
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Alternate cryptocurrencies / Altcoin Discussion / Re: is investing in ethereum safe?
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on: January 13, 2023, 03:10:34 PM
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Ethereum has a good track record over a long time. Lots of coins/tokens are tied to it so I don’t see any risks at the moment. The only fear would be if Vitalik rugged the community by selling a large % of his holdings. Ethereum is his baby so the possibility of that is very low in my opinion.
Ethereum actually did a higher ROI % than bitcoin in the last bull run so I think there is a very high ceiling for it in future years. In my opinion Ethereum is a good investment.
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1299
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Other / Off-topic / Re: kidney stone
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on: January 13, 2023, 10:40:50 AM
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I’ve never had a kidney stone but my sister had gallstones & had to have the whole gallbladder removed. She said it was the worst pain she’s ever experienced. It’s important to be aware of your body & see your doctor if you experience any ached or pains.
Kidney stones are very unpleasant but not life threatening. They’re usually diagnosed by having an ultrasound scan.
Just be aware of any changes you see & report them to a doctor. Delaying seeing a doctor can cause you much more problems & much more pain.
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1300
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is the bear market over?
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on: January 12, 2023, 08:15:46 PM
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A nice breakout today, as I type this the price of bitcoin is $18,867. We’re up over 7.5% in the last 24 hours. Nobody can complain about seeing a rise like that in the current financial situation It’s difficult to say if the bear market is over. We need to see a much more convincing rise before we can be sure. I still think we will go lower in 2023 at some point but obviously the higher we go, the less confident I’ll be about that. Let’s see where we are at the end of Q1 2023. There should be a much clearer picture then.
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