Do you believe that take over the world?
Do you believe that Bitcoin will drive most of the world's commerce?
For me there are no doubts that cryptocurrencies will take over the world, not sure about BTC, but it may be considered as a certain technology revolution, innovation, updated version of fiat currency. You may consider this comparison irrelevant, but I see emerging of cryptos similar to emerging of smartphones years ago. Firstly it was just something brand new and trendy, something that gave you new opportunities, and then it turned out that everyone wants to have it, nowadays, can you even imagine going out anywhere without it? At the present day life is impossible without them, same it will be in future with cryptocurrencies. |
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No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!
I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!
On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?
People who have been into BTC all along and earned much money investing in it should be extremely cautious. I wonder why didn't he have at least 20 BTC wallets to execute those transactions, it would increase his anonymity at any rate. As for refund, I don't think he'll receive anything, even if we assume that law enforcement is interested in it. Those people have probably sent that money in all directions to conceal it. |
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And you are selling ?!
seriously ?
when the tech was worse you were buying, and now that it works better you sell ?
are you completely out of your mind ?
bitcoin is immensely undervalued ! if you are not buying now, you are 100% insane
I don't get it either, there are no transaction troubles anymore, which means that bitcoin will only gain traction. I think selling is senseless now, there was a point in selling 4 weeks ago, though, and buying BTC 2 days ago. Now the smartest decision I see is just a long-term hold and occasional trading. |
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Do you ever feel like you're overly obsessed with cryptocurrencies or trading/investing in general?
Yes, I can feel that too. For me, it's like gambling sometimes. I wake up in the morning and first thing I do - I take my laptop and immediately go through the news I may have missed during sleep and check all the important coins price charts. I think it may be called addiction... |
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Guys, have you noticed that everytime the market goes down, the internet is filled with bad news and apocalyptic news about crypto. But when the coins are rising, only good news are seen?
We must learn to not pay attention to this kind of manipulation
Well, actually there are both kinds of news each time. It's just that when everything goes well, BTC and all the cryptos are rising people don't pay much attention to bad news. At the same time when the market is crashing there are still good news out there, but people only see the worst. But manipulation takes place too. |
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 A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency. it's so sad. Rest in peace. It's sad that people appreciate money more, than life and that they can so easily yield to pressure. Actually, come to think of it, he had still ~$70,000 left, which is quite a money for a student. Say nothing of a fact that bitcoin can go up in price and set new records a few years later. |
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Many but not all gamblers are claiming they gamble for fun and pass time. I was just thinking. If it is the reason why people gamble then why not play online games? There is a lot of good and challenging onlne games wherein you can interact with other people online?
I wouldn't say it's the main reason to gamble. And some people do like play online games, it depends on one's hazard and preferences. Various people just don't feel the fun if they don't play for money and all other online games seem mimic, others may hope to gain something. |
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When I presented arguments like the one in the the video below, people just ignored them. Now, they will learn the hard way what it means to be a part of a Ponzi scheme.
Bitcoin And Cryptocurrencies - Ponzi Schemes Dressed Up And Sold As Money
Let me tell you why you're wrong. The whole point of Ponzi scheme is to gain something out of nothing, in case of BTC and other cryptos who gains? Nobody. BTC is decentralized, it regulates itself by demand and that's where the price comes from, for Ponzi pyramid someone has to stand for it and regulate everything and drive up the price. And the last, but not least, you say BTC has nothing behind its price, but what about the energy consumption while mining, and the more there are Bitcoins - the harder it is to mine them, so they can't be so easily "printed", which may have led to a crash. Satoshi Nakamoto is a genius, not a liar, he gave people the opportunity to be more independent for what we should be thankful. |
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"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
It is true, BTC couldn't be increasing all the time, otherwise it would mean, that it's just a bubble and now its time is up. But such situations, we've been through at least 2 times already only show the potential of this cryptocurrency, because it always recovers and it will rise again. And this crash now is the opportunity for investors too. |
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I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?
They aren't killing Bitcoin, they're manipulating the price to make it lower and buy, when there will be a perfect moment. The question is - how far will they go. But there's nothing to worry about, as they'll buy BTC - the price will begin to increase rapidly, the side effect is panic selling, but it doesn't influence the market that much. |
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In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
I don't think that volatility is such a big issue. If the govs would have wanted - the'd figure the way to get through unsteadiness and readjust the market quickly. Also if Bitcoin was used worldwide and legal - it would be more stable. And there always are alternative cryptocurrencies with better stability. |
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Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?
Facebook, as a place where there are any and all people wasn't the best place to advertise ICOs anyway, so this won't influence crowdfunding process much. Apart from the specialized forums, like Bitcointalk, there are still Reddit and Quora  |
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At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
I think it's investors, who bought a lot of BTC while its price was increasing are now feeling the loss and hoping for price recovery. To the ones who has been holding bitcoins for years transaction costs and duration are much more important things. I don't feel upset about the situation now, it will increase demand, so BTC won't appear at the bottom anyway. |
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Very interesting to see the reactions to the newly introduced concept of merit as an additional indicator of account maturity and quality beyond just pure number of posts / activity. While this was introduced to increase post quality it has of course created a counter movement and a market place for "trading" merit - for money.
So this is just a reminder for everyone that the introduction of merit is a GOOD thing because it will help improve the quality of this forum for everybody.
"Trading" merit will undermine this and render it eventually useless.
Keep contributing!
I agree that merit is a good thing, due to reduction of low quality posts. And trading isn't an issue, because everything is checked and controlled by forum moderators (hopefully) and they'll cut off such actions. But there are some other problems: people give merits quite seldom, if we compare to "likes" on fb, and it would be great if people truly gave merits for what they like. But the thing is - lost of people barely even read others posts, or even if they do they don't feel like meriting someone due to rivalry. But I like the conception and I hope that it will go off well. |
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So it is year 2024 and the max BTC supply is reached at ~21M.
Will it be economical to continue mining BTC going forward?
The max BTC supply will be reached not as soon. The more BTC there will be already - the more difficult it will be to mine them. Mining will be profitable, I think, because now miners gain more from transaction fees, than from receiving BTC. When there will be 21M of them there will be so much transactions daily, that miners will easily compensate energy expenses. |
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I deposited some Bitcoins in a betting site but it could not get completed in 3 days even. I contacted the support and they told me that I had given less fee and thus it will never go through. Are they lying ? What is the solution to this ?
They may be telling the truth, but it sounds suspicious, as long as transaction fees have been less, than 1 USD (5-20 sat/b ) for about 2 weeks already, did you really pay less? Anyway I can't imagine how is it possible today for transaction to NEVER go through, it may take weeks, but not never. Only if you had a big volume transaction, but still there's a hope. |
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
People know, some of them just can't control it, that's why it's called panic and govs are counting on that. Also not everyone can afford holding BTC, while it's dropping, even though they know it'll increase someday and they're losing the game by doing so, they need their money rn. |
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It is ridiculous that the alleged bitcoin bubble is reported by those who have already made an unsustainable FIAT bubble. They are fighting for their monopoly on blowing bubbles. All mainstream media are in action, so-called analysts and others. We can see that they are afraid!
I totally agree, people shouldn't yield to this. Or, it may be also that they're manipulating public opinion, so that BTC price will drop, while they can buy it at low price and then, holding the most of bitcoin it will be even easier to manipulate the price on and on. |
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who says you should put "all" your bitcoin in a bank? the problem with some of the posts here are they are too skeptic about banks, banks can be a useful proof that bitcoin will be legal if banks will accept bitcoin deposits, look at the bright side people, there are doubts all over the world whether bitcoin can be really useful for buying, trading and selling. these news about putting up a banks will certainly erase some of those doubts.
even with fiats or paper money, you should not deposit all your money in banks. the idea was to make cryptocurrencies circulate like ordinary fiats.
You're right, too skeptic about banks, but there's a reason for it. Banks usually act in the most profitable way for themselves. If lots of people store their bitcoins in a bank in future, then the price could be so easily manipulated, as well as banks can now manipulate gold price and deceive people. That's why cryptocurrencies must stay decentralized. |
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Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
I would choose trading, not that risky, you can have your own strategy and not lose a lot while starting. Betting is ok if you have a lot of money and you feel like give it a try, but the chances to derive a benefit are much less. Use Binance and CEX.io trading platforms as you begin, they're trusted and have low fees. |
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