I’ll chime in and add another pro to the crypto gambling list: you can stay addicted without having to risk money you own. Or, you used to be able to do it at least. There was Freebitcoin and PrimeDice (my ole lovers lol) which allowed you to claim a faucet and gamble it. I won around 0.02 BTC a few years ago by gambling the PrimeDice faucet claim with a 0.01% win chance. Literally $0 investment except electricity and time and a now-worth ~$600 win for it!  I don’t know of any fiat gambling sites/casinos that let you claim free money to gamble with. |
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It feels so dumb when someone starts bringing a cult-like behavior to Bitcoin lol, BTC isn’t Jesus, nor is Satoshi, Saylor or anyone else. Keeping these things separated is much healthier for your brain.
Michael Saylor is just a dude who wants to make money. He chose the perfect time to invest in BTC before but not all the time. In fact, wasn’t he one of those who used to not believe in BTC? He isn’t a saint or apostle man, lol, this is so silly!
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Most of the volume is in USDT, USDC and other stablecoins because that’s how traders usually work. It’s much riskier to trade against other alts. So the live chart is mostly the most recent USDT transaction. Whether that was a sell or a buy, it’s that price.
Otherwise, if we include all pairs, the algorithm is much more complex. It’s not impossible nor is it necessarily hard to calculate, but I don’t see the point really unless the coin has a very low volume. Big exchanges have huge volume so it’s pointless to make complex calculations. Moreover, it’s a kinda risky business too. If you include all pairs in the calculation process, then you’re about to include pairs with extremely low volume too - which may temporarily significantly influence the calculation at some point.
Anyway, if there’s a high volume BTC-USD pair and a low volume BTC-LTC pair, even then the difference between the USD valuation of both pairs can’t be significant for too long either due to traders quickly finding out about the difference and eliminating it through trades for profit.
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I like the idea of cartoons and kids learning about BTC from them, but rewarding them for watching an episode? I think that’s really bad. They either watch something they like or they won’t care about the episodes anyway if they watch something they don’t want to.
Instead, kids are curious and it’s quite easy to get them into BTC if they hang around you while you do your Bitcoin business. Keep them around when you’re doing BTC stuff and answer any question they may have about it. Just don’t enforce the idea, because they’ll just start refusing it through hate after a while.
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It’s very important to realize and notice the way you see money. Typically, it works like this: poor people see money as a way to buy things. Rich people see money as a way to make more money.
When you start following the latter, there’s no way you can’t see investment opportunities everywhere around. Your environment’s literally filled with investment opportunities, you just don’t/didn’t care atm about any of it. If the salary you get paid is spent on things like going out, shopping etc then you’ve got to make some changes, mate!
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Wasabi takes a fee from you and reinvests it by working with blockchain analysis corporations so they can find out whether you deserve to enjoy privacy once again or not. You’re paying to be spied on. If you think it’s worth it, give it a shot. I wouldn’t. Go with anyone else, Wasabi’s down there at the bottom of the list.
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What are you looking for? It’s the first question you gotta ask yourself when choosing a wallet to store your BTC. In most cases, Electrum or Bitcoin Core is enough and provides both security and features. If you’re new, I think wallets like Sparrow that help with privacy are pretty much useless because the mistakes you’ll make will cancel all your efforts to get some privacy.
If you’re not very new in the sphere, it may be worthwile to check out Sparrow and other privacy solutions. Electrum is my choice for most use cases anyway. You can use it through Tails and for building privacy on top of your UTXOs, there are a few solutions out there including mixers and moving through XMR and back to break links.
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The difference is crazy between Venezuela and Luxembourg! It’s around 3000 times difference, it’s just crazy to think how little Venezuelan people are working for. Crazy how a Hong Kong resident has to work 1 day and a Venezuelan resident has to work 100 days for the same amount of money. Blows my mind! And makes me think more about how privileged I am to work in a country where working for a dollar doesn’t require a lot of effort. It’s a privilege afterall.
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Oh man, trying to enforce an idea into your family’s mind is only reason for future family fights. If someone doesn’t want to accept your idea, either come with more arguments and try to convince them peacefully or stop it. It’s even worse if you forcefully get them into BTC and their investment goes wrong. They’ll hate you forever.
Some people embrace banks. They love surveillance, they love new tech that’s overloaded in surveillance. That’s not wrong unless it affects those around them too, who may not want surveillance and being tied up by banks. It’s normal and natural, not everyone’s gonna love something.
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Anyone who’s irresponsible enough to borrow amounts of money that could negatively impact their life if they can’t pay debt anymore is gonna cause big time wreckage to their financial and personal life. It’s just a ticking bomb tbh.
Even a job won’t be enough. If you borrow money and lose your job, what do you do? Borrowing is risky business, it’s always been like that. Responsibility isn’t a joke, you need to calculate risks and possible outcome. Is it worth risking to live a shitty life just for a couple grand of non-guaranteed profit? If you take the risk and fail, live with it lol.. you agreed by investing in the first place.
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Trading volume. Trading volume! That doesn’t show how much the coin is used, it shows just how much money’s moved through exchanges.
How does Bitcoin’s usage compare to XRP’s? Is XRP increasingly being used more than BTC? Is there any sign of dominance? Trading volume is literally worthless especially when XRP just had very recently FOMO news. You see shitcoins having sometimes billions in volume, but then they just fall out and die. Does it show they’re dominating other coins? It doesn’t…
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- Pull up the charts from most recent haling ‘till today (2020-2023) and compare it to the previous halvings (2012-2016 and 2016-2020)
- Check the greed and fear index
- Check news, notice and make a list of future important dates for BTC
I don’t think there’s much more to it than this. You get a pretty good idea of what’s gonna happen next from all of this. Analysis is interesting but few make it through with their analysis properly and very few get their analysis turning into a reality. For most, it’s more like a dream or just content for views. |
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Current number of post (Including this one): 4999
Rank: Legendary
bech32 address: bc1qfnsxu28ty5eh9zkc5sfnf7sz9k6vqljcdczl7r
Merit earned in the last 120 days: 95
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Anyone who promises you’ll be able to mine Bitcoin for free or anything close to free will scam you. You’re being scammed out of personal information, they’ll collect data from you and sell it, you’ll pay and never see your money again or anything else that’s categorized as scam. Stay away from such offers, please. If it was this simple to mine BTC, BlackRock would be the dumbest investor ever purchasing that many rigs instead of buying used smartphones and using them as miners. Less energy usage, smaller investment, same profit? Doesn’t it sound.. too good to be true? |
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It’s nice, but I think it’s double-edge for now. Don’t celebrate too early as they say, right? We don’t know yet what light they’re gonna put crypto in. Could be positive, could be negative.
Although I have a feeling they’re gonna put AI in a positive light and crypto in a negative one. So far, the closest thing I got to this was a few recent movies where an actor at one point says something like “I will pay in Bitcoin”. Nothing more, nothing less.
OP, you said you’re excited about the way it can change how crypto’s perceived. I’m not, because we know how the wealthy want us to perceive crypto!
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Even though I am not technical in Bitcoin and wallet development, I think not all wallets are bannable because I still believe that if you hold your Bitcoin in a personal wallet with you holding the private keys to that wallet, only you have control over that wallet and that is why bitcoin is highly decentralized, but then also u don't know if there are other ways by which the address could be ban but in the general context I believe the only way your wallet could get banned is through your usage of centralized exchange but as long as your bitcoin holding are all held in your control and for high security, you can run your nods so that you hold your bitcoin all in your custody without third-party interferences.
That is why there is a need to try as much as possible to avoid using centralized Bitcoin wallets because that is the easiest way to allow third-party control over your Bitcoin holding. if a wallet is banned it then means it won't be useable at any point and also knowing fully well that the asset therein but inherent and incoming transactions are all frozen, the wallet may remain active on the blockchain which then means that the wallet can receive bitcoin but may not be able to send out.
What the hell are you even saying here? It sounds like you have almost no clue even how the simplest part of BTC works. Bitcoin isn’t decentralized due to existence of private keys, you can stay out of third parties and custody without running your own node and wallets can both receive and spend as long as somebody still has ownership(seed or private keys) - there’s no way a wallet can be banned entirely off the blockchain. If you can’t spend balance anymore due to a centralized exchange seizing your coins, the exchange can still spend because they have ownership. Be even the most hated address on the blockchain - you’ll still be able to spend because of the lack of censorship. |
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There’s no thing such as blacklisted addresses on the Bitcoin blockchain. You can get your coins seized if a third party you’re working with decides to seize them. They’re third parties though, and it usually happens when your coins are in a third party’s custody.
Miners can exempt your address from being included in blocks, but if a miner does it while all the others don’t, it’s worthless. The best thing they can do is just make things slow down for you if they own most of the hashrate.
Don’t worry about banned addresses, this isn’t (shouldn’t) be a thing. Your coins are supposed to be free, and on the BTC blockchain they are. You can continue to do for example Bisq trades using a “blocked” address. You can switch to Monero and back, emptying the address and making it more difficult for third parties to decide who gets the next ban/suspicion.
Don’t fall for this crap, they’re trying their best to add things to BTC that Bitcoin shouldn’t have first of all.
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But if I were Op, I will take your recommendation by using some non custodial that can connect to my bitcoin core full node. I just feel bitcoin in the core if not taken good care of will lose be in the network
What are you trying to say? You can’t lose Bitcoins “in the network”. Coins stored in Bitcoin Core can be as safe as those stored in any other non-custodial wallet, as long as.. they’re properly stored. That’s literally all you need to do, just keep them safe. |
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I don’t know, man. Sounds good but until proved, I won’t trust it. IDK, something seems a bit fishy to me.
I don’t think going through ETH to anonymize your coins is a good idea either. If you want anonymity, use a combination of mixers, Monero and LN. I wouldn’t trust anonymizing through ETH. It’s just.. not made for privacy and it’s hard to keep your coins anonymous by moving from a transparent ledger to another.
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No! Just no! I had a thought to reinvent seed storage by creating a new method. I used numbers to replace the letters of every word and I was supposed to revert from numbers back to letters once I needed the seed again. Long story short, I wrote the idea on a paper by writing an example down of how a sheet of metal would look, convinced I’ll never forget how to revert due to how simple it seemed. I found the paper half an year later and I still own it with no clue how the hell to revert numbers to letters. Fortunately, I had no balance on the seed. Don’t do it. The more unique the method, the more likely you’ll lose your coins. What happens if you die and a relative finds your colors? They’ll likely just throw it in the bin or they won’t even know where to start. Who do you ask about what a string of colors could mean, besides an artist? Because no way in hell your relative’d think it’s a Bitcoin related thing |
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