Bitcoin Forum
May 21, 2024, 07:01:55 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 [124] 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 ... 380 »
2461  Bitcoin / Bitcoin Discussion / Re: Censorship resistance is underrated, move to bitcoin and #DeletePaypal on: October 10, 2022, 08:43:20 PM
Paypal was going down the shithole years ago. Even the fact that they "kinda" adopted Bitcoin won't change their true nature.
Unfortunately most of the Paypal customers don't care about there Terms of Service, because:
1.Paypal is simply too user-friendly and convenient, if you are a buyer.
2.The online sellers use Paypal only because millions of buyers use it as well.
This company is in the "too big to fail" category despite their transaction fees going up and their service getting worse every year.
The Paypal alternatives like Skrill, Zelle, Cashapp and the rest of the payment apps will turn into Paypal clones sooner or later.
When you use such payment service and you fund your account, your money becomes their money and you have to abide by the their rules.
Otherwise they will simply take away the money that you gave them. Sad
Paypal with the free will chargeback was the reason they ended up getting worse and worse. I understand that it was there to prevent scam, and it makes sense if there is a proof as well. But with the current way it is, there was a good possibility that people would use it for scam instead, they would be able to buy something and then we would be seeing them do a chargeback, and that would result with a horrible loss for the seller.

Before chargeback it was scammers posing as sellers, after chargeback it was scammers posing as buyers but it’s still bad. I had so many friends who sold stuff, and got chargeback, and it was harder to recover from there and even caused the bankruptcy of some startups.
2462  Economy / Speculation / Re: What will happen to BTC & the rest of crypto if the US will default on its debt? on: October 10, 2022, 06:54:22 PM
I know that folks like Warren Buffett / Alan Greenspan told us the US will never default on its debt but just in theory, how much impact the default will have on BTC and crypto? Should we even worry that "printing" will stop?

https://www.yahoo.com/video/warren-buffett-explains-the-simple-reason-why-the-us-will-never-default-on-its-debt-185105213.html
There is not too much of a point in discussing this because this will never happen, the US can just print money and pay their debts and obligations with freshly printed money, now such a thing will cause massive inflation and a massive lost of trust on the US dollar on the international markets, but if things get to that point the US will do it as they will have no other choice anyway, and in that scenario I expect the price of bitcoin to skyrocket as people desperately try to find a store of value in which they can save their wealth.
It is clear that they can't just print as much money as their debts, we are talking about trillions of dollars and that is impossible to handle by just printing. They did something like 4 trillion total within the span of a few years and we saw how horrible the inflation became and how much interest rate FED had to increase.

This is why I believe that we shouldn't be really guessing that they will print it. However they are making enough money to pay it back when they have to, and just create a bigger debt for later on while keep growing, that’s not a bad strategy and I believe that it will definitely be something that would work out for them for many decades.
2463  Alternate cryptocurrencies / Altcoin Discussion / Re: Shit coins era is going to end on: October 10, 2022, 05:32:39 PM
It will certainly not end, only new ones will continue to emerge. When we look at the years between 2017 and 2022, we saw 2 bull seasons. A large part of my projects that emerged during the bull season in 2017 went to waste and new ones emerged with the fomo of the bull season between 2021 and 2022. So what I mean is that as of fomo, the vast majority of old shit coins just go to waste and are replaced by new ones.
True, This cycle will never end. I meant we must aware with this cycle that happened since a few years ago. The fact that if new shit tokens will be coming as a replacement for another one who already dead. The scammers will always creating more and more new tokens. Since the protocol was decentralized and there's no way to stop them all. Thinking about the era for shittoken will be going to end as soon as possible is pretty naive. It's caused by the trust was saying the opposite thing.
Creating a token takes about 10 minutes, that’s the problem that we have. We are going to see a ton of shit tokens because they are so easy to make, and if you spend a bit of money and find a good angle to create a new token, you could literally make millions of dollars from something shitty and this results with people doing it very easily.

I guarantee you that if you have 50k dollars, you could turn any shitty thing into a million dollars profit, and you are telling me that it’s not going to be done by people just because they do not want to hurt others investments? Nobody cares about our money, they care about how much profit they can make.
2464  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: October 10, 2022, 02:18:02 PM
I don't think that the weather conditions play a major role in the fitness of fast bowlers. But it is true that the hot and humid conditions in sub-continent is more suitable for spinners. Anyway, Pakistan has produced some of the most famous pace bowlers in history, so this argument can't be 100% true. Even India has some of the best pace bowlers in the world right now. Australia, which has produced some of the fastest pace bowlers in history such as Brett Lee and Geoff Thompson, is more hot and humid when compared to the sub-continent.
Whether conditions doesn't have anything to do with the bowling speed. Maybe a little of things can change depending on the whether. The speed generation is much connected to the wrist power and the bowling action. Some used to run a very short distance and generate good pace which are much about the wrist action and not the weather.
In last two decades now we can say India having few quality pace bowlers which are doing amazing job even they have no enough speed but accuracy and line length is surely giving them good results which is good for them in all conditions as we all know two decades back there was no fast bowling trend in India as mostly players were happy with spin and batting but Kapil and few other youngsters start in these all conditions, and now they are able to have enough firepower which is good and giving best results.

Here BCCI needs to praise two persons specially first MRF and secondly Denis Lille this combo done good and now IPL is completely game changer as many are looking for spot and trying with their own way which is also positive development.
2465  Economy / Economics / Re: At last, Twitter wins the battle!! on: October 10, 2022, 05:38:29 AM
Bots have been one of the main worries for Elon about Twitter, in fact it was one of the main reasons the deal did not happened immediately as he was not happy about this situation, and if we are honest it is going to be very difficult for him to solve this problem, because as long as there is money to be made scammers will always find a way to circumvent whatever barriers to entry he puts in place and keep operating as usual.
If you could delete every single bot all at once somehow (which is near impossible) then you do not have to worry about all of them restarting again. At the very least you have stopped them being so common at first, and that’s a big deal, and after they are all gone, they can start to accumulate more bot accounts but it will be a slow and gradual increase, it won't be right away.

Meaning, let’s assume there are 10 million bot accounts, if we start to see 10k at first, then 50k in a year, then 100k in 2 years, and then 1 million in 3 years, that’s still nowhere close. Maybe it will take as much as 5 years to have the same bot accounts and that makes twitter a better place for 5 years. Instead of just keep growing bigger.
2466  Economy / Speculation / Re: October price guess on: October 09, 2022, 06:21:22 AM
So far, the beginning of October is very similar to the beginning of August. Back then bitcoin also started to rise from the first days of the month. I wouldn't count on any serious price recovery this year, but local growth and pumping of altcoins may well happen. There is plenty of fuel for growth in the market, everyone expects a bad scenario and shorts.
There is really no way of knowing what’s going to happen with bitcoin because it's a volatile and unpredictable thing. We could see it finish the month at 30k+, or we could see it finishing under 20k, both of them are equally possible. Nobody could convince me that it is "impossible" for it to break ATH just inside this month, I know it’s hard but technically speaking it is possible and that’s what I believe in bitcoins power.

I am not saying that’s what we are going to have, like I said I do not kow what’s going to happen but I know that none of us could ever know what’s going to happen which is why we should be a bit more careful when investing.
2467  Economy / Speculation / Re: What Will be the Bottom of Bitcoin till 2025? on: October 08, 2022, 08:36:43 AM
Bitcoin is cryptocurrency that is a future and that will save us from many things like inflation and other such things and so that many people will use this as payment method not as an investment that is currently running. And also I was thinking that what will be the bottom of Bitcoin till 2025 as many big investors and also other such big furms will buy at this Dio and so that it might just continue it's positions.
instead of asking what would be the bottom in which I think will not help you from anything unless you wanted to lose?

why not try to invest  when your funds are ready ? and not wait for the bottom that is so hard to learn and get the timing .

and as you have said that this is a much important currency of the future so believe on this.
Too many people who would rather buy at the bottom miss out prices that are near the bottom prices. That is mainly because they realize that there could be a huge difference by the time it is high, because every dollar you wait for it to drop, is more money in your pocket when it peaks.

I understand the logic, but I feel like it is even worse if you miss out, because while waiting for it to bottom, you are going to end up with the price being higher and you will end up with a bad price to buy. This is why you shouldn't wait for even worse prices because they may never come, it is wiser to buy right now and wait for it to go up in the future.
2468  Bitcoin / Bitcoin Discussion / Re: SEC Vs. CFTC fight over crypto market regulation, What are your thoughts? on: October 07, 2022, 08:41:03 PM
However they think, SEC and CFTC "could" work together by finding out some legislation in the middle.
I think it is very possible, they do not have to make it messy about who has control, they can both work together without hassles.

Does this gives you feeling that Bitcoin / Crypto market is being dragged into the complicated control by Governments?
The SEC has been functioning mainly to protect Investors from pump and dump schemes and maintain a safe market for investors. As crypto develops further we might see extended functions that they may need to perform for regulatory purposes under the government, and to think of that as possible makes it a bit scary.
I do not think that they could both work together in that sense, they have to pick either or each other and can't really make it that much well. This is why I am going to assume that SEC will end up trying to power arm the newly founded CFTC on which of the things they could check because they are just crypto, and which of them SEC will take care because it became a securities.

Like just to give an example, bitcoin is a coin and CFTC can take a look at things regarding that, but XRP is clearly a securities, no doubt about that at all and SEC should take care of them. These type of differences will happen, but that's not working together, it's still separate working but separating the coins as well.
2469  Economy / Economics / Re: America Has Lost Its Oil Buffer on: October 07, 2022, 06:58:23 PM
If it was up to me... I would speed up the manufacturing of electric cars and stop the manipulation and dependency on Oil. These Oil giants has been printing money for years and it is time for them to be disrupted by companies that offer "cleaner" energy.

I hope Elon Musk and some of the other pioneers in the electric car industry, can rescue us from these rich and greedy Oil magnates, because they have been controlling our expenses on fuel and gas for too long.  Angry
Electric cars are a great deal of help to the world but we need to realize that aviation world is spending way too much that we do not have an alternative for right now and that's a big trouble. I mean there is no "electric plane" yet as far as I know, or maybe if there is any, then I haven't heard about it so it's not common like cars yet.

And they use jet fuel, and they spend a ton of them as well each flight, and there are thousands of flights at any given moment. All of this combined means that we can now travel a lot faster thanks to aviation, but we are also spending oil at a rate we can't replace and that's the biggest trouble we need to fix, cars are already getting there, so it will be fixed, let's focus on aviation next.
2470  Economy / Economics / Re: SEC charges Kim Kardashian for unlawfully touting crypto on: October 07, 2022, 06:05:42 PM
The US Securities and Exchange Commission might be taking this matter to the extreme which might really affect the privacy and income of influencers but I think there should be checks and balance system. Allowing these influencers to promote any kind of business or investment might lead to an increase in followers losing their funds to scammers. In my country, we have seen celebrities with huge followers promote some shitcoins that turned out to be scams. Sometimes these influencers are only concerned with the financial benefit they would derive from the advert, with less or no concern about the authenticity of the business. They should have some level of responsibility regarding the kind of products they promote because they are role models.    
That is exactly what they are trying to prevent. Just because you are an influencer doesn't mean that you should be able to get some money and then promote anything you want. This isn't just for crypto, like they can't just promote a cream that is not actually doing what it claims to do, or not publish that they got paid for it, they need to do that too and that's the problem.

This is why it is to make sure people are aware that they are getting screwed in the same way all the time and if Kim Kardashian got paid, then it is a good reason to understand it wasn't because she liked it or promotes it, she just got paid and maybe less people would invest.
2471  Other / Off-topic / Re: Life lessons from Bill gates and how it could make you a successful entrepreneur on: October 07, 2022, 03:48:04 PM
Being an entrepreneur should also be flexible. You should know how to face your losses sometimes, so you can easily recover and move  forward. And always learn from all your mistakes, because that will improve how you handle your business and grow being an entrepreneur so you can also attract consistent and sustainable profits. If you can do it, most likely you will be successful in the end.
That's why if we can learn from mistakes and know where the mistakes are, we can avoid the same mistakes and can gain more knowledge of how to be better than before. Thus, we can manage our business well and will be able to benefit later. Maybe what we need to have is how to have patience so that we can continue the plans we have made and achieve them.
Losses are the best teachers, that's a true thing. However, do not get any lessons from Bill Gates, he might be a smart individual, and that's fine but that dude got all the teaching and lessons from his rich parents money. He is not the person to give anyone any life lessons, sure he took something big and made it huge, but he never had a life like us, if he never invented microsoft, he would still be a richer person than all of us here combined, that's why we shouldn't care about him.

Moreover, I would assume that the best thing for regular people like you and me to realize is savings will not make us rich, and we need something bigger, and get into the job that you already know very well about, not because it looks profitable and join something you never worked in before in your life.
2472  Bitcoin / Bitcoin Discussion / Re: which btc address generated do yall use ? on: October 07, 2022, 08:59:24 AM
Mycelium is very safe to use to store Bitcoin, in addition to private keys under our control, Mycelium is also safe from online theft.
There is no online wallet with the feature of "being safe from online theft".
If you want to be 100 secure and protect yourself from getting hacked completely, you should generate your wallet on an airgapped device and your keys never connect to the internet. Otherwise, there's always the possibility of getting hacked.
A good wallet allowing you to generate the wallet and spending the fund offline is Electrum. I doubt that's possible in Mycelium. Someone correct me if I am wrong, please.
This is true, online wallets always carry a risk and people need to realize that, because at the end of the day there is a good chance that we could end up with something that will be a hacking or maybe rug pull or maybe a failure, whatever it is, there is always a chance that if your money is not in your own wallet, and in something else, then it could be stolen and we shouldn't be risking it.

Just get a ledger and put it in there if it is too much, of course not needed if you have only 50-100 bucks, but if you go over a certain amount where it is like over a few months salary worth, then it would be a lot better idea to just buy a ledger or trezor to keep assets safe.
2473  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: October 06, 2022, 06:55:52 PM
The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.

I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.

As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
There is really no exact date, nobody could find that exact date because there is none. The reality is that, one thing is a big fact that we can't deny at all, and that fact is "after a certain time passed over halving, the price starts to go up", we do not know how long needs to pass, or how high it will get, none of them is known.

What we know is that it is going to be some time after the halving, and we know that it is going to be something that will be higher than what it entered the halving as. This is why it is a smart decision to buy a bit before halving, and sell a while later, that way you could profit, better would be buying now and selling after 3-4 halvings later.
2474  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum POW - ETHW on: October 06, 2022, 06:10:28 PM
Since the Ethereum merger, the number of miners in the ETH PoW network has decreased by about 2 times. This is evidenced by the data of the hashrate network. This indicates that miners are abandoning ETHW mining, preferring ETC and RVN, which, on the contrary, have an increased hashrate.
It's increasing a little bit since the price was bouncing back again to the 10 but this time it's decreasing again to the 9. I guess the price stability has become the main consideration for miners to switch from one coin to the another coin gradually. Miners are feeling worry about volatility in the ethw. That means the hashrate will be also volatile caused by the demand will be going up and down to mine the coin.
I believe that miners will not be able to keep this high for a long time because they will eventually have to sell this coin to pay for the bills. I mean consider how much it cost to mine something, you are going to end up losing a lot of money due to the fact that electricity is required to mine, and if it keeps going like this there will be a lot to mine and there will be a lot of people who will sell to pay those bills and the price will crash.

They can hold out as long as they possibly could, but when the debt grows too big, they will be forced to do it one way or another and there is no way to avoid it, so the price will crash eventually, don't know when but it will happen.
2475  Bitcoin / Bitcoin Discussion / Re: Mexico is the next El Salvador? on: October 06, 2022, 12:08:11 PM
Although al Salvador did not accept this, I think the president of the country regretted making bitcoin the official currency. If I remember correctly when they went official, bitcoin was around 35-40 thousand dollars. It's half value now.
It doesn't matter when you start, it's not an idea that would make you rich overnight and this is a whole nation we are talking about. They kept on buying more and more bitcoins after that, even though the initial investment wasn't at the bottom, they did buy some at the bottom levels as well, which means they already did DCA, so if a whole nation could wait, which governments usually do because they could have investments take as long as 20-25 years to mature, then it's going to be an insanely good investment for sure.

I do not think that President really regrets it, he is still doing it and still buying some, so I feel like he must be happy about it if he is still doing it.
2476  Bitcoin / Bitcoin Discussion / Re: A New Study - Bitcoin is 56x more energy Efficient than Traditional Banks on: October 06, 2022, 07:44:25 AM
I am a bitcoin investor and bitcoin also gives me a lot of things that my main job cannot give me. But I can tell you, bitcoin is not comparable to the banking system. As @hathepsut93 said, it not only provides you with a simple way to transfer money, but also a lot of other services.

Banks have been around for centuries and bitcoin has only been around for 13 years. Before bitcoin arrived, did you rely on banks? I don't believe you don't have any bank account, I don't believe you never use a bank in your life. Bitcoin is amazing and everyone should have some bitcoin if want good future that is my sincere advice, but the bank is also very important to us, we should not get rid of it completely, just don't put all our trust in it.
Yes I agree. But, banks still have a large number of transactions per minute, and BTC has a very low number compared to banks.

I think BTC needs more time to evolve its number of transactions, for me this is very important
I would guess that it's not really ideal to compare the two together in the sense that transaction amounts are different. It could be different but we are not seeing anyone worrying about banks carbon foot print, whereas we are seeing a ton of people worrying about bitcoins one, that's the problem here.

If we one day reach to a volume that is close to worlds banks all total, then we could worry about the increased energy usage, but we are not there now, and yet people are still worried about it. We should be looking into not just dropping the amount of energy we use, but also we should focus on finding a way to fix the bad ways we find energy, we need to use energy but produce it in a clean way.
2477  Alternate cryptocurrencies / Altcoin Discussion / Re: A good news or a bad news on: October 06, 2022, 06:50:31 AM
If nothing makes USDT or Tether illegal I think they can provide valid shreds of evidence in the U.S court and I can also say that this is a piece of good news to say that USDT/Tether is clean when it comes to legality.

But if what they show they need becomes invalid in the U.S. court, it will be a big problem for sure. I just don't know if the bad news about the dollar is related.

Anyway, you should just chill and relax as far as I can see everything will be fine for usdt/Tether.
I would say that there is "some" illegal parts of it. Not because they are doing anything unethical or just scamming you, they could be legit and decent and still be found guilty, not for like a jailed type of crime, but for some SEC crimes which are related to finance and could be punished with just a fine, which could be millions of dollars but fine.

They have billions, tens of billions of dollars from us and gave us something they created themselves out of nothing, that could always be troublesome in a court of law and that would be the case they are going against. Doesn't mean they have to be scammers, just that idea alone is a risky one.
2478  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen in the crypto war? on: October 05, 2022, 07:09:23 PM
92 percent? I doubt that. It's the first time I heard about Tornado Cash as I am not a big fan of mixers. Plus, there's already one which is well known in this forum.
Money laundering had always been an issue for a mixer business and reputation will be a big part of how they will stay in business for a long time.
When illegal funds entered their service, how do they deal with it? Will they let it slide for the profits in transaction fees or will they take a look at it and report it to authorities? But, that takes out the anonymity and privacy the buyer is trying to achieve so it becomes a conflict.
There's big money in cryptocurrencies now, expect the government to look at it every time they see large amounts flowing.
If you look at the money and where it comes from and find out it is an illegally attained money and report to law enforcement, then you are not going to be purely decentralized and fair, it is going to be centralized, and other people may not prefer you neither.

The point of mixers is not to be followed, so that your money would be going through many other stuff to reach its point and no government could follow you, even if tax reasons alone. If you check it and report it, then why even mix it? It’s found out anyway and it is not going to be worth mixing. You either accept everyone, or you do not do a mixing business at all.
2479  Economy / Economics / Re: Wall Street Reports On Bitcoin on: October 05, 2022, 05:38:42 PM
I really appreciate what you have done in conveying the key points of the Research paper published by Wall Street Banks on Bitcoin. However, the main question is whether the general public knows about it or not and whether they will consider using it in the future as a result.

People in general will definitely know about it if a more widespread publication is made, because it is published to be known by many people, especially those who are familiar with Bitcoin and also often use banking services when withdrawing money or sending money in certain countries.

In the future the use of Bitcoin through adoption will be more and more because it is based on the development of Bitcoin which has penetrated throughout the world even though not everyone in this world has used Bitcoin.
It is true that the more these big names end up doing publications regarding bitcoin and giving it credibility, the more there will be people investing into it. Places like citibank making claims about bitcoin, even if it was bad or when it is good, doesn't matter, it gives credibility to it, they speak it into existence, if it's good then because it is good, if it is bad then there are people who hate these big names and will invest because of that.

That’s why it’s going to be easy for us to grow in adoption due to these publications. It is great that they are collected all in here in a single topic, it allows us to read them easier instead of researching for them.
2480  Economy / Economics / Re: America Has Lost Its Oil Buffer on: October 05, 2022, 03:22:43 PM
I don't think it's a big problem for the US. Especially with today's falling oil prices. Totzhe China can resell, at a cheap price, tighter Russian oil. If Urals today costs $66 per barrel (the spot price!), then China's price is already about $30 per barrel. And to play along with the United States, it is now very profitable for China - well, not to do business with losers ?! Smiley
Don't the US get it's oil in the Middle East and don't they have their own oil wells in the country? I'm a little confused as to why their SPR is such a big deal? Can't they just get more so they can replenish the losses in their reserves?
It is, and they do get it cheaper, so much so that they literally take oil out of Saudi Arabia, give them money, but then Saudi Arabia turns back and buys weapons from American companies, making them a profit in the long run. So that oil may not be free, but comes in cheaper than you can imagine, under 40 dollars per barrel, not because that's what they pay, but because they sell something in return to cover the difference, so most of the money stays in their nation.

This is what they should be worried about, it is not something that should be upsetting Americans just yet, the reason why prices are high is the insane profits oil companies are making, not lack of oil.
Pages: « 1 ... 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 [124] 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 ... 380 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!