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April 28, 2024, 04:49:14 AM *
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1  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin been inflitrated by global elite? on: April 11, 2024, 10:16:36 PM
We can't claim that when we are using decentralized asset. I mean they have no control on it, they are just buying it in the bulk. In fact it is best thing to have these elites because they are the one who are introducing huge purchase orders and thus creating amazing resistance to the Bitcoin prices. So the question is why would we want them to consider as infiltrator of the system..

In every industry there are rich peeps who would be contributing in someways whether we are jealous about it or not. They are big players, they are not some villains out of movies who are sitting in their classy glass offices and thinking about how to loot the market today. They have proper agendas, forecasts and market analysis that keep them informed about when to invest and when to be silent about it.

I highly doubt we should be worried about them at any given time while investing our money.
2  Bitcoin / Bitcoin Discussion / Re: Struggle now to invest in Bitcoin for a bright future. on: April 11, 2024, 03:17:38 PM
Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.

We should start tipping our ledgers or whatever wallets we are using. What I mean by tipping is, to keep sending tiniest possible fraction on these wallets now and then, it could from thousand satoshi to million satoshi, or whichever is possible ideally. This can make things work in the long run. There should be strong resistance from the sell outs. This is biggest issue in the long run peeps end up losing their money "saving" dreams. I have myself struggled the same way. I am getting money from multiple sources in the bitcoin form but I have failed each time to save it because of the same reason as mention by the OP. We need it when we need it and thats how we lose it.

However, it is time to have "disciplined" mantra of saving for long terms even though Bitcoin is reaching new heights now. Caution to follow: currently we are at highest peak so it is not advisable to invest now. "Should not even imagine to buy a small chunk also".
3  Bitcoin / Bitcoin Discussion / Re: I've projected my holding after this bull run. what's yours? on: March 20, 2024, 01:08:45 AM
I am applying same old method of compounding. I will be selling once I feel this bullish trend is enough for me. Once I sell and earn profits I am putting everything back once Bitcoin falls to extreme low levels. As per the past experience I am pretty sure it will fall pretty much low. Once it is done, it is time to buy again and keep raising the stakes this time. As we move further every halving tells us we gonna go even higher and higher. Next time I am also going to “copy” financial institutes. For example, the last year micro strategy, grey and others literally bought in millions. That makes sense why they do it at the right time and just before halving. That is the strategy I am going to have. Smiley
4  Bitcoin / Bitcoin Discussion / Re: Minimalism in Bitcoin would slow your accumulation process on: March 17, 2024, 11:50:53 PM
One of the great idea is accepting payments for the business or individual services if any. This can be great for those who has it however not everyone does the Business so for them there could be some more efforts with less accumulation. For such individuals they can work online on micro tasking sites and get paid in the Bitcoin form. This is excellent choice if you are from a Tier 1 country considering they have decent payout. I have been working on such sites all the time and they are really improving day by day these days with higher paid tasks. I think its all about how you chase bitcoin with variety of ways. Believe me there are plenty of them we just need to look for best opportunities.  
5  Economy / Economics / Re: Saving don't make wealth on: March 17, 2024, 09:53:52 PM
But saving in bitcoin can make you hell of wealthy! That is just start of it and you know very well someone who has thought a saving planning thoroughly can be unlimited rich in short period of time. The epitome of reality can change quickly for someone saving their wealth in appropriate form. These days peeps keep talking they have invested in the Bitcoin. That is wrong. You should consider Bitcoin as one of the form of currenyc just like fiat and start considering it as normal way to transact everyday.

If we start doing that then that is as equal as normalising Bitcoin saving plan. You are not investing in bitcoin anymore, you are using it for daily transactions and saving money in Bitcoin. Anyone who understands this, is wealthy by now already and might not be posting here on the forum. Smiley
6  Economy / Economics / Re: Btc new oil for USA on: March 16, 2024, 10:45:22 PM
Yeah but we need to think about the scalability also. If something is getting highly valued then it doesnt mean that we can just go ahead and start adopting it on global scale. The bitcoin's limited circulation can also get it into trouble at some point because we can not make tiny transactions with it if one satoshi costs 100 bucks in the future!

Let us give it second thought by stopping our positive approach towards it for next two minutes. What do you see? A model that can fail because of it's own roadmap that was designed to sustain for very long period of time.

Big financial institutes are already holding more than millions of bitcoins in their fat wallets. This could be disturbing if we try to replace vital financial options or investment opportunities.
7  Economy / Economics / Re: China India tensions on impact to Global economy possible china India war on: March 15, 2024, 01:35:09 AM
What are you talking man? You straight went to the conclusion of war, but India is one country that has mastered the mind games and political agendas. They will never ever bring it down to the point where they have to break out a war. If India-China war happens, then it could ingest world war 3 easily. India has strongest allies from Asia and Western hemisphere. Russia will obviously back up India, USA will back India because they are already in tension with China. The FED's wont just cut down the rates just like that, because that is not how it works mate. The speculation is entirely wrong. They will either come to an agreement or else China will have to step down considering India's own military asset and back up countries.
8  Economy / Speculation / Re: Bitcoin might reach $100k before halviing. What is your exit strategy? on: March 15, 2024, 01:24:10 AM
Bitcoin is rising upwards in terms of price continuously. Many are predicting that it will reach $100k before halving. In case that happens, do you plan to exit at that price level because of possible correction at that levels ? What is your exit strategy  with bitcoin once it reaches $100k?

Yeah, everyone is enjoying the cool ride and I am still asking myself why I sold my most of the bits. I have saved much of them but now I am feeling I should have saved more. Bitcoin is one thing that is always gonna get on my nerves no matter how many bits I save on my wallets. The summer is almost here, and I hope BTC gets as colorful as it could soon.

I think I should stop buying more of it as DCA wont work from here onwards considering the prices unimaginably high. I am looking for the exit strategy as well but everyone seems to be focusing on holding more and more. Seriously 100k is around the corner but cant be patient to see it.
9  Bitcoin / Bitcoin Discussion / Re: The Bitcoin History Book 2008-2024 PROGRESS REPORT on: March 04, 2024, 06:13:55 AM
“The Past Milestones”, the index is just amazing and it’s making me read the book already. This is definitely going to be detailed book considering the index titles from domain registration to how it started with email communications, yeah that gives me good insight about this book and what is expected from it. I think we are going to have very nice book soon just because of one active and enthusiastic member.

I just wanna say, keep it up. I will contact you regarding donation after few days once I get my salaries rolled over by my employer. Being Bitcoin lover I would be more than happy to donate small share for your good work. All the very best mate. Hope to see your copy released real soon.  Smiley

Much appreciated so98nn.  Bitcoin is nothing without its community.

Hey Tyke,

As promised I am making my first donation today at any time. I will update this post once I send the funds. I am already seeing your efforts taking shape so far and putting my trust that we will have great copies handed out soon. Smiley

I will be making TWO donations initially. I am willing to send one of them Today while the other one I will send by first week of January.

Code:
$BTC bc1qktyzg2atx5paka2x64pxdwg54u7m2yn3cu2qxy

UPDATE
The first donation: $ 65  [ TRX ID: BTC 0.00147162 ]
The Second donation: $65 (Could be more, I will decide in Jan).

Will update the trx soon. UPDATED FIRST TRX

All the best mate!
Cheers.


Hello Tyke,

Good to see your progress and passion towards the book.

Consistency is the key here and you are doing the same.

As promised, here is my second contribution for your work. I hope it helps in some way towards your goal.

Amount Donated: 0.0012681 BTC [ TXID ]
10  Bitcoin / Bitcoin Discussion / Re: STOP telling people how much Bitcoin you have on: February 18, 2024, 03:29:50 AM
Ah great I thought it was only me who had been asked about how many bitcoins I own. This question was asked after we had discussion about how bitcoin is good investment. Peeps dont talk about how bitcoin is goo investment or why is it good investment opportunity? They will straight go to the question how much you own or how much worth is it! That is actually funny. But anyways, I usually end up telling them that I keep buying bits now and then so that I can follow the strategy of DCAing making me good returns over the period of time. I really think that its none of anyones business to ask how much we own, what they gonna do about it?
11  Economy / Gambling discussion / Re: Do you beleive in the concept of "Luck"? on: February 08, 2024, 01:34:42 AM
Ah well luck is bad and good player and you never know what is going to hit you in the first place. I mean whenever you are playing on the casino and if someone is winning then unfortunately that is your bad luck because ideally you are losing some portion of money to house edge. The reason is, if someone is winning then someone has to lose some money so that house edge will be inline making profits to that casino. Reverse this case and assume you are winning hell lot of money, then definitely someone has to lose it for ya. Many of them may not believe in this methodology but definitely casino doesn't have 100% liquidity so they have to take the money from somewhere aint it?

I would like to believe that luck plays a big role in that case. I have seen mega threads talking about players who has won thousands of bucks or six figures of money just by betting merely 50 cents to couple of bucks. Imagine how lucky these guys might have been.

As of my luck, it's shit because I have hardly won anything that is of discussion or big one.  Tongue
12  Economy / Economics / COPA fights for Bitcoins true image against Craig Wright on: February 06, 2024, 02:05:14 AM
In the recent news it seems Craig Wright is being chilly about his claims of being "Satoshi Nakamoto". The recent sessions started i the UK court and as usual COPA team was available to make the claims false or fight against Wright's whatever accusations.

The COPA is Crypto Open Patent Alliance, a nonprofit consortium of crypto and tech companies.

It's a blessing for us because Wright is fighting against all allegations so that he can become the ruler or possessor of Bitcoin and have an authority over who will be working on Bitcoin's codebase. I am really not sure if this can be done but looking at the fight he has been giving, man things can turn upside down for us.

As Bitcoiner, I would like Wright to lose this case and COPA should get all the attention and evidences against him. This trial has been out there since 2016 and COPA has been fighting for the trial since 3 years now. However, this was first time they got into trial in the UK.

What is your take on this?

Quote
For eight years, Craig Wright has claimed to be the elusive Bitcoin creator Satoshi Nakamoto. On Monday, in the swelling heat of a UK courtroom, a trial began that will finally settle the question.

Wright, flanked by his legal team, appeared relaxed during opening arguments, leaning back in his chair with one leg crossed over the other. That calm belied both the stakes of the trial, which has major ramifications for the future of Bitcoin and the forceful rhetoric of the plaintiff’s lawyer Jonathan Hough, who called Wright's claim to Satoshi-hood a “brazen lie.”

The lawsuit Wright faces was brought by the Crypto Open Patent Alliance, a nonprofit consortium of crypto and tech companies. COPA claims that Wright’s recent history of filing intellectual property lawsuits—predicated on his claim of being Bicoin’s inventor—has had a “chilling effect” on Bitcoin, driving developers away. To prevent him from impeding the development of Bitcoin any further, it is asking the court for a declaration to the effect that Wright is not Nakamoto.

Nearly three years after filing the lawsuit, COPA today had its first chance to outline its case against Wright at trial. Since Wright first claimed to be Nakamoto in 2016, said Hough, he has “terrorized” Bitcoin developers. “COPA has brought this claim to bring a stop to this conduct,” said Hough.

In contrast to some recent crypto lawsuits, like the fraud trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which became something of a piece of public theater, the COPA v. Wright case has attracted little attention. A small band of photographers gathered outside the courthouse Monday; inside, a few reporters and crypto watchers jostled for the limited available seating. But the case has the potential to be highly consequential.

A trio of related lawsuits previously brought by Wright, in which he is seeking to assert intellectual property rights over Bitcoin, will be bound by the ruling. If COPA is successful, Wright will have difficulty taking these claims any further. If Wright wins, and is successful in his own cases thereafter, he would be free to act as Bitcoin’s gatekeeper, deciding who is allowed to work on the codebase and under what terms the system can be used.

The stakes are “very high,” says a representative of the Bitcoin Legal Defense Fund, a nonprofit that is funding the defense of Bitcoin developers in a separate lawsuit filed by Wright, who asked to remain nameless for fear of legal retaliation from Wright.

The respective opening arguments offered an early indication of both COPA’s strategy for dismantling Wright's claims—in short, to discredit through forensic analysis the raft of documentary evidence Wright has put forth—and Wright’s intended approach to countering the accusations of forgery.

The bulk of Hough’s opening address focused on the ways in which Wright had allegedly forged or manipulated documentary evidence that, if credible, would indicate that he is Nakamoto. Among various allegations, Hough accused Wright of running back his computer clock to make documents appear as if they were created before Bitcoin existed, of deleting files and altering others on a hard drive whose contents he entered into evidence, and of attempting to fabricate new evidence after experts in forensic document analysis identified issues with existing materials.

The burden of evidence will be on COPA, as the plaintiff, to demonstrate that Wright is not who he claims to be. To that end, Grabiner pointed to the absence of any other credible candidate in the search for Nakamoto. “An interesting feature of this case is the non-appearance of a competing Satoshi Nakamoto claim,” said Grabiner. “It’s sort of Hamlet without the prince.” Although COPA intends to pick apart Wright’s documentary evidence, it has “been unable to point to any evidence that Wright is not Satoshi,” he claimed.

Wright will take the stand on Tuesday; his testimony is expected to last up to six days. His ability to account for the findings of the forensic reports and explain away the lack of incontrovertible evidence in his favor will say much about whether he is truly the long-lost creator of Bitcoin. Or rather, as Hough would have it, that “Wright’s claim to be Satoshi is a lie.”

Source: The Trial Over Bitcoin’s True Creator Is in Session
13  Economy / Economics / Re: Quitting Smoking Has Two Big Benefits. on: February 01, 2024, 09:18:19 PM
First of congratulations that you are able to control your smoking habits. It's good for your health and obviously it can save up lot of money! In similar ways there are hundreds of bad habits that can be changed by us to save up more. Now it's up to us what to keep and what to let go in the long run. For example, one can also apply same strategy on good habits but which are unnecessary and has cheaper alternatives. I think all of them can make up to a good saving plan if studied properly.

As of now, I am lowering my expenses as much as I could and the only outgoing thing I have got is my EMI and donations if any. I would avoid going out for dinner or lunch and instead eat at home with my family. There are small stuffs which can be changed to earn more or save more. Smiley
14  Bitcoin / Bitcoin Discussion / Re: Paying with Bitcoin. on: February 01, 2024, 08:04:13 PM
First of all there is one point within your OP that is bugging me: bank charges. They are not really high and if you go to the nationalize banks then those are just fixed tiny fees. Only for specific products they would charge a fix % amount and thus it would be higher if the transacted money is huge in terms of volume.

Now if you compare the fees of Bitcoin with traditional banking then you will see a major difference between them. Bitcoin fees are not fixed and they will keep changing as per the transacted vbytes and mining difficulty around the blockchain. Just take an example of the current situation where fees are boosted like hell. You need to pay anywhere between 20-50 bucks for faster transactions. Doesnt matter if you send ten bucks or one million, the fees would change as per the vbyte load.

Paying with Bitcoin is easy, however tackling the fees is somewhat crazy.
15  Economy / Trading Discussion / Re: How long to learn trading? on: January 31, 2024, 08:38:59 PM
Personal experience for trading? It takes as much time as you could give to it. I mean it never stops mate. You need to keep trying and learning with new trading events all the time. I mean each time I am putting new order I know that I have predictions done using different TA and FA's but you still have to keep watching the trend, make sure you are analysing it 24x7 so that you don't miss out an opportunity to buy or sell the pair at right time.

The crypto market is not easy due to the fact that it's open 24x7! So the experience goes beyond limits.
There is simply no timeline for a trader to learn the new techniques or ever changing situations in the market.
16  Bitcoin / Bitcoin Discussion / Re: Wrong Moves With Your Bitcoin on: January 31, 2024, 08:21:53 PM
Yeah the worst decisions that we all made in the past. I think they were not the mistakes really, we can safely say that it was our natural move back in the time. In those days anyone would just believe that Bitcoin can go faceless in no time but to everyone's surprise Bitcoin went just opposite to that. This is what made everyone think twice in the later times whether they should really HODL bitcoin or not.

Today, we are having same discussion which is the proof that we had same thoughts back in the time and today the same thing repeats for us. It's not like we do not learn from our past, but it's about Bitcoin which is highly unstable coin, there are hundreds of allegations on it, there are thousands of positive sides for it and for an individual this creates complex feeling of investing.

Hope so new comers read us and learn from our mistakes or mixed feelings.  Wink
17  Economy / Economics / Re: Another war in the Middle East could be dire for the economy on: January 31, 2024, 07:52:47 PM
I think Bitcoin will be the weakest link in recovering world from financial damage. I mean Bitcoin can not make things right due to it's application right now.

How do you think peeps will keep Bitcoin mining running if the war is underway and electricity stations are getting hampered with it? Moreover think about the situation where miners are getting bombarded with the bombs and their farms getting destroyed because that would be one of the prime target for the government. Some may protect it or some might just wanna destroy it.

I hardly think Bitcoin will continue to prosper like that. During such times money won't be the issue, saving our lives would be prime target.
18  Economy / Trading Discussion / Re: Why do many people fail in trade? on: January 30, 2024, 10:08:31 PM
Yeah pretty much going in the wrong impression of “knowing to trade” is risky factor here. Most of the peeps think trading is simply buying and selling stuff around an exchanger. However, there goes a lot of things in between those buy and sell circles. The trader needs to be studious about it, they need to keep learning their trades on everyday basis. If the positions are long term then they need evaluate everyday patterns along with its future predictions.

Si, its not really as easy as it is typed inhere. Even slightest error in the evaluation a trade can fail or sometimes even though the prediction was correct a position might fail due to early actions of trader!
19  Economy / Economics / Re: The productive capacities of an individual to the society. on: January 28, 2024, 03:26:41 PM
Well then life is already sorted. Because what you explaining is nothing but the corporate life for us. You have a corporate job, that is stable 9-5 clock work mode, you chill out with your family on werkends and try to manage financials on monthly basis. Depending on how things are working out in terms of investment one individual end up paying high taxes while the other one would just pay nothing because they adopted various government schemes.

If an individual is within the government then they would be enjoying foremost benefits easily. They get lot of exemptions and their contribution is nothing but the government duty itself. Basically we all are automatically in a loop system where our actions are contributing to the society indirectly or directly. Smiley
20  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 279 blocks solved! on: January 27, 2024, 01:50:24 AM
For a new miner how much profitable is it to go for the solo mining? I mean what if I go to the market buy the mining rig and get the mining done on solo ckpool, will that benefit me OR is it still about the luck and finding the blocks in the long run? I mean why I should be diverting myself on "solo pool" or what's the reason I should not be just plugging in my miners and enjoy the daily rewards?

I do not understand the logic behind this method.

If it is really big mess then I would like to read any articles that makes more sense. Smiley
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