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Majority of the altcoins are fake for sure. So you shouldn't have invested into any new cryptos. All these cryptos usually make the creators rich and not the users. In my honest opinion, stick to only Bitcoin and ETH. These are the two cryptos which are widely adopted by the people and have great community support. Rest all have issues and may take a downturn anytime under any circumstances.
These cryptos are usually aimed to make the creators rich within a short period of time and nothing else. They serve no purpose to the crypto market or to the community at all.
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There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?
If you spend more, money gets circulated in the economy. But it doesn't have any relation with getting more money. Spending is directly related to the flow of money which increases demand in the market. Usually it is seen as a positive but such overspending by the mass leads to inflation. So there's a negative point as well. Everyone wants to become rich. That is possible through more than one streams of income. I often say to my colleagues that if you are less than 40 and only reliant on your salary income, then you are not using your time wisely. |
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The central bank of Bangladesh had indeed banned cryptocurrency couple of years back. They have also made some arrest back in those days to spread fear. But the statistics here is encouraging. Despite ban and arrests, if 2.4% of the entire population is holding bitcoin, then it's definitely going the right way for the future. The adoption should increase over time and since a lot of Bangladeshi people leave in foreign countries, it won't be a huge amount of challenge to convert them into fiat.
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What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks? What's the issue with both? If people are able to make money from Bitcoin, that's great! At the same time they are able to celebrate the technology behind it. Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.
Whatever success you are seeing today in cryptocurrency market. It's because people are able to make money out of it. Making money gives purpose. Why would anyone celebrate the technology behind it if that technology is not giving any purpose to them? |
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I am facing a real world issue that prevents me from using Bitcoin.
I live in Pakistan and for last three days cellular internet service all across the country is suspended because of prevailing law and order situation. Internet is working on fixed line connection that is reaching homes. So there is still some connectivity available.
If government shut down internet service even on fixed line connection then there will be complete internet blackout in the country and in that situation we cant use bitcoin.
I think this is also one of limitation of bitcoin that we need internet to use it.
Just to let you know that bitcoin can be broadcasted through radio frequency as well. There are multiple experiments done on that you can find them in Google. Some YouTube videos are available as well. I will not share a specific link because I dont want to promote a specific experiment. But you can do your own research. So internet is definitely a limitation but there are other ways to send bitcoin transactions. They are more expensive but seems to be working. |
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There are now two ways to handle bitcoin transactions. The first way to put a complete stop on BRC-20 madness which seems highly unlikely.
The second way is to adopt lightening network. I believe this is the most reasonable way to take. Check the post created by tranthidung above. It will give you a decent idea on what needs to be done for LN payments. I believe this is the way forward now.
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__ They picked the wrong time  I Don't think so! Seized assets are usually sold in batches and it depends on the litigation attached to it. If the court has given a verdict then the government will try to sell the assets to recover the money. They are not HODLers so they won't pick a time based on the market movements. Yes, it will bring an impact on us for sure who have been accumulating bitcoin to find a suitable time to sell. We may need to delay it further because the price is expected to drive downward due to this huge sell of. But that's it! |
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i registered at an online casino and my deposit was not arrived(in casiono) and i contact to their support and they said you need to wait for 10 business days for your refund.
10days are completed and i still didn't received my refund, and they told that "if you don't receive your refund in 10 days then you can contact us with your bank statement"
my question is, is it safe to share bank account statement for verification purposes? the site is reputable, but in bank statement all my information are available. is it safe to share?
Usually a business will ask for a bank statement if they need to verify your identity and the transaction you have made. It's not a big deal. But please ensure that the casino is a legal one. Since it is not a crypto casino, they must be registered and a legal entity. If not, I think it's better to contact your bank. But since 10 days have passed, the chance of getting a refund is pretty slim. Usually businesses ask to wait for 3 days because that's the usual time for settlement. Don't know but is 10 days a normal time in your country to get bank settlement? |
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Let's share and discuss perspectives of the Ordinals Protocol and BRC-20 Tokens.
It's utter nonsense! Did we have less trouble with millions of worthless jpgs, that such madness was brought to bitcoin network? Honestly, we didn't need BRC-20 token functionality here. We were good with ETH and polygon for these dying NFT markets. Now the bitcoin network will remain clogged forever unless these things are taken down completely. Someone is saying innovative, what Innovation you are seeing here other than stupidity? |
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Please understand that Bitcoin is the pioneer crypto available in the market. Whatever other cryptos you are seeing today, created after bitcoin found its way to success. So it's not a matter of debate whether the altcoins follow bitcoin or not.
Personally I would say the entire altcoin market is heavily dependent of bitcoin. And very closely mimics its trajectory. But there are some obvious exceptions. Earlier the impact was 100% but now it has reduced to some extent after the introduction of the stablecoins.
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Well, a lot of governments have planned to adopt bitcoin is some form or shape earlier as well. But not many of them have gone ahead and materialize the plan. So even if it's a good news that Liechtenstein lawmakers are planning for such things, it's of no use unless it's actually materializes.
Also amidst the current BRC-20 madness, Bitcoin users have stopped transactions. Not sure if it's a great time to start thinking of these lines. If it happens, it's good!
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This BRC-20 madness needs to stop asap. This is making bitcoin almost unusable and thousands of transactions are affected. The current fees is way too high to handle and it makes no sense to make bitcoin transactions now. I honestly wanted to buy an e-commerce gift card through Bitrefil because I have some upcoming shopping list. I had to pay through ETH just because the bitcoin fees was too high.
I will be more than happy to vote if this will stop such nonsense with immediate effect.
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Wow! Many thanks to Heisenberg_hunter for this good news! It's feels really great to win.
I am not worried about the delay. Please take your time. I fully understand the current situation of the bitcoin network and the crazy high fees. Many thanks everyone!
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Stock market never promises a happy retirement and the other things you have mentioned in your thread. Rather stock market always says - "Investments are subject to market risk". What else can stock market do to be more fair?
Stock market is a long term game. I invest quite heavily into it and forgot the investments for next 10 years. Very moderately, I am sitting at around 20% net profit excluding the dividends which are another tax free source of income which I get every quarter. You just need to play it right to win the game!
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Has the era of bitcoin passed as the number 1 cryptocurrency?
Or is it a move to strangle his price?
Nope! That day will never come! Bitcoin will remain as the number one cryptocurrency even if some people prefer otherwise. This fees issue is happening due to the introduction of the BRC20 shit which is keeping the network busy. Bitcoin blockchain is simply not capable enough to handle such volume of transactions. That's why bitcoin is more lucrative as an investment and not as a method of transferring value. It is indeed a drawback of bitcoin network but it wasn't built for BRC-20 madness. Hopefully it will stablize within a short period of time. |
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I am a newbie in bitcoin form. I invested in Bitcoin a few days ago. I don't understand one thing. I will invest in Bitcoin for the long term. I use a mobile device. Now what wallet do I use to keep my bitcoins safe. I have total three wallets installed on my mobile device.  Trust wallet, mycelium and electrum which of these three wallets is the most secure? Which wallet would be better than these three wallets? I bought Bitcoin from kucoin, so far it's in kucoin Please follow some basic rules to keep your bitcoin safe. 1. Never keep your bitcoin in a mobile wallet. Mobile is easier to hack. 2. Use a desktop wallet. Electrum is a good option. Ensure you have a licensed internet security installed in your PC or laptop 3. Don't use useless/porn website from the PC or laptop where you are keeping your bitcoin. Porn websites are the greatest source of malware 4. Have a separate wallet address for receiving payment which you can disclose to public. Separate out your main wallet. This does not guarantee that your bitcoin will remain safe and the chance is higher for sure. |
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Transaction issues are temporary, it will go away in some time. But considering how US is taking actions against crypto companies since last couple of months, I don't honestly see a green light at the end of the tunnel.
I understand that US has a federal structure, but do the states have power to ignore a government controlled currency system? I am not sure but it seems states do not have an option here. It's good to see that call for adopting Bitcoin but avoiding CBDC, doesn't looks like an option for the state government and also for the citizens.
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EV is just couple of years old technology so if we conclude the winner right now, that won't be justified for sure. Because the battery cell technology is still at a very basic stage and multiple research and development activities are ongoing to find a better and more effective battery technology. No one knows what will be coming out in the future and how it will benefit the current car makers.
A lot to happen in the EV market still. So what Warren Buffet is saying, makes sense! Unlike his other statements on cryptos.
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Good day to everybody! Recently, when I was considering BTC transactions, I came to the conclusion that the system is heading toward accepting bitcoin as payment. It's fantastic too!
However, my issue is that whenever I consider purchasing using Bitcoin, I feel uneasy. I'll never forget the man who bought pizza for more than 30 bitcoins; those bitcoins are really valuable. I, for one, don't want to be this man who pays with an asset whose value WILL increase. From a future viewpoint, it appears as though you are paying more for the goods. What do you think about that? For me, if I have some stablecoins, I try to use them to make purchases since it seems more comfortable. While things are still horrible on the market, I don't want to touch my BTC.
You hit the right spot. Even though I had purchased multiple gift cards from Amazon and other eCommerce websites from a third party vendor but I really feel the pinch. We all know that bitcoin has the potential to go to a much higher price point. Just like the pizza guy could have been a billionaire today but he missed the chance. I really feel that while purchasing something with bitcoin. But when bitcoin takes care of my finances during the tough time, I feel grateful. |
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That's quite strange! Because the owner announced their shut down and moved their users to a clone website. And now they are back. It seems wired. I have just checked the status page and it seems some maintenance is ongoing and their trade function is out of service. https://status.paxful.com/I haven't logged in yet. I will wait for an official confirmation from the owner before resuming trading. |
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