So far, the altcoin rally has been limited to the top 20 or 25 alts. Obviously you can't expect all the 10,000 plus altcoins to go up, just because there has been a rally in the Bitcoin prices. The vast majority of the altcoins are still under very heavy price manipulation and their market caps are kept at artificially high levels. These coins will move up only when someone triggers a pump-and-dump cycle with them.

90% or more of the capital costs come from the purchase of mining rigs. The cooling systems are not very expensive and they don't need to be imported from China. The problem in setting up mining farms in cold countries such as Canada and Iceland is that the mining rigs still needs to be imported from China. And the price of a medium-sized rig which costs $500 in China may shoot up to $1,500 per piece once it reaches Canada or Iceland, thanks to the shipping charges and import duty.

Well.. I have seen this pattern in other Catholic nations as well, such as the Philippines. Because of massive population growth, the residents remain in extreme poverty and they are forced to work under subhuman conditions in richer nations. And it is not just the Catholic church. Some of the other religious sects also discourage family planning. Actually Africa can't sustain such a huge population growth, since most of the land is arid or rocky. The increasing population has put a huge strain on the natural resources, and this has in turn resulted in inter-religious and inter-ethnic clashes, as various groups compete for limited resources.

I have multiple reasons to believe that Bitcoin is not a bubble or Ponzi, and I am saying this out of my one decade of experience with cryptocurrency. My points are as follows:

1. The inventor of Bitcoin (Satoshi Nakamoto) never benefited from his invention. There was no premine, and Satoshi never sold any of the coins that he mined. So if the promoter is not benefitting from it, how can we classify Bitcoin as a Ponzi?

2. In order to qualify as a bubble, Bitcoin should be something that can be destroyed. But theoretically it is impossible to destroy the coins that are mined.

3. Bitcoin is 100% decentralized and it is impossible for someone to control BTC.

4. The algorithm or the original code can't be changed in future, not even by the inventor.

5. Every single transaction is stored in Blockchain, so it is impossible for someone to stay anonymous after using Bitcoin for fraud.

I can't speak for Mexico, because I don't have any information about that country. But I have relatives in India and I can assure you that the number of deaths they are reporting from India are very close to the real numbers. The truth is that the mortality rate is much lower in India. But this is not due to any work done by the government. Indians have constant exposure to flu-virus and therefore their natural immunity is better. Across the South Asian region (Pakistan, Nepal, Sri Lanka.etc), you can find the same scenario. On the other hand, the highest mortality rate for CoVID 19 was reported from the Latin American region, which includes Mexico.

What sort of money trap your are talking about? Western countries have exploited developing nations for so long, by providing loans with extremely exploitative terms. China on the other hand, has more relaxed terms and low interest rates. I see a lot of Westerner's complaining about the "Chinese debt trap". But they have no moral highground to say this, when their own countries were the first to use this strategy. Now they are complaining because the poorer nations have got a better choice.

Nope.. 8-9 days back, it was possible to get a confirmation even with 5 Sat/Byte. Look the fee on 12th April here:

https://jochen-hoenicke.de/queue/#BTC,2w,weight

The transaction fee is very volatile, and it depends on the mining hash rate and number of transactions. Now the hash rate has dropped due to mining farms closing down (due to power outage) in China. That has resulted in fewer blocks being mined and as a result the Mempool size has increased to 246 MB. On 12th April, as you can see from the chart, the Mempool size was just 101 MB (out of that 98 MB contributed by transactions paying a fee of 4 Sat/Byte or lower).

Yes.. it was surprising to see Marcus Stoinis not being used before Lalit Yadav. The required run rate was low, but since Steven Smith and Shikhar Dhawan were playing in a defensive manner, I was thinking that it may be a good idea to send Marcus Stoinis and Shimron Hetmyer to pump up the run rate. If the target was 5-10 runs more, then it would have got really difficult for the Delhi Capitals. They won only because of good performance from their bowlers. 

I would rate Tahir as one of the best spinners available in the IPL. But unfortunately for him, he is in the wrong team. CSK will be unable to accomodate Tahir, unless one of their regular overseas players get injured. Right now all four of them (Curran, du Plessis, Bravo and Moeen Ali) are very integral members of the squad and the management can't think about dropping any one of them. Mitchell Santner is also there in the CSK squad and he is a very good all rounder. But right now he has zero chance of getting selected.

There is nothing wrong with these small fluctuations. The main driver behind the small correction was the decision by the Türkiye Cumhuriyet Merkez Bankası (Turkish Central Bank) to prohibit payments using Bitcoin for various goods and services. Another trigger was disappointing listing of Coinbase in NASDAQ. A lot of people were expecting valuation in the $100-$150 billion range, and what we got was $60 billion. But then there was some good news as well, from the Chinese central bank.

When you post something like this, you need to provide the source as well. How we will get to know whether this is some unfounded rumor, or real? I did a quick search in Google News, and this was one of the articles that I found:

https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html



So we indeed have some positive signals from the Chinese central bank. I just hope that their colleagues in Nigeria and India are taking note.

You are forgetting the fact that his tweets only had a limited impact on Bitcoin. When he tweeted that Bitcoin looks overpriced, the price went down for a short while, but it recovered very soon. On the other hand, the bull run was triggered by real market incidents, such as adoption of cryptocurrency by PayPal and the purchase of BTC by Tesla. We don't need to give too much importance to the tweets by Elon Musk on Bitcoin prices, because in reality they didn't had much of an impact. That said, his tweets succeeded in pumping some of the shitcoins, such as Doge.

Capital costs represent around half of the total expenses in the long term and this is where China has the advantage. The mining rigs are produced in China and therefore they are available at very low prices. If you import the mining rigs to a country such as India or Indonesia, the shipping charges and import duty will make it at least 100% more expensive. Electricity is not very cheap in China, but nowadays mining rigs have become more electricity efficient and their power consumption has gone down. Apart from China, it is very difficult to set up a profitable Bitcoin mining operation in any other part of the world.

The total global wealth is somewhere around $300 billion and right now cryptocurrency represents around 1% of that. You are claiming that it can be increased to 25%-33%. Theoretically you can claim anything. You can even claim that cryptocurrency can amount to 90% of the global wealth, and amount to a market capitalization of $3,000 trillion. But how much of this is possible in real life? IMO, cryptocurrency market cap can never be as large as the market cap of gold, and the latter stands at $11 trillion right now.

I feel really bad for this guy(OP). He sold his coins just a few days before the bull run started. But that is how it works with cryptocurrency. If you don't have the patience to stay invested, then there is a good chance that you will incur losses. He had BTC2.25 in his wallet. That would have been a fortune as per the current exchange rates, had he not sold them. Anyway, I appreciate him for making a post in this thread after 7 months of inactivity. Such posts help new users, to learn about the most common mistakes we make while investing in cryptocurrency. Therefore I have donated merit points to him.

You are 100% wrong. There are no large scale Bitcoin mining farms in India (although there may be some small-scale individual miners). So the argument that this proposal was a result of excessive consumption of electricity is laughable. In the previous posts various users have posted in detail why the government came up with such a measure. If you still support this measure, then I am not sure what you are doing here in Bitcointalk.

This is just ridiculous. How can a ban on cryptocurrency help them with reduced tourist arrivals or a decrease in tax revenue? There is a very small correlation between cryptocurrency and these sectors. And the ban covers purchase of goods and services using cryptocurrency. And this is even stranger. You need to pay your taxes, irrespective of whether you are making the payment using the Turkish Lira, US Dollar or Bitcoin. So how this is going to help? If you claim that this measure was an attempt to prop up the Turkish Lira, then it would have been more understandable.

It's not like you have hundreds of choices. Around 8-9 different vaccines are available globally, and the availability in your country depends upon the permissions given by your government. As far as I know, in none of these countries the vaccines are available in the open market. They are available only through government approved centers, where there is a strict eligibility criteria. And regarding the efficiency, almost all of these vaccines have completed Phase 3 clinical trials and the results are openly available in medical journals such as The Lancet.

Don't know the situation in India, but I guess it is not very easy to implement containment measures in a country of 1.4 billion, especially when there are large internal migrant movements. From what I have seen, the virus spreads through air, and containment measures are only partially successful. The only real solution available is to vaccinate as many people as possible. And that is a problem in countries such as India, which have huge population.

Good for him. He sold his stocks at peak levels. I am actually surprised that he didn't sold more of his shares. Remember that Coinbase went for a direct listing and not an IPO. In case of an IPO, then I would have expected Brian Armstrong and the other promoters to offload a few billion USD worth of shares (which is normal with any IPO). So this amount ($292 million) doesn't sound too high. He may sell more of his shares in the coming days and weeks.