Who are you to be in the need to be anonymous.
A spy? a dissident? or something else. If yes then it's recommanded.
If not and you live a normal life I wouldn't recommand it to you. Because you will end up paying more taxes the day they will find about you. And they always catch you.
Privacy isn't the same as tax evasion, privacy means you select who you trust, and exchanges and other companies are known to be untrustworthy with how they handle user data. So, you can totally have privacy and still report your crypto holdings to the government and pay taxes if needed. Of course this is less than ideal because government databases can be hacked too or they can use this data against you in the future, but this is better than being 100% careless about your crypto privacy. |
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This is most crazy quarter price guessing championship so far and might be most crazy ever. In January it looked like my $9500 will be way way to low. Bitcoin price almost got there and the end of quarter was still two long months closer to the halving. Mid February half way there price peaked and slowly started declining. All looked well then. First week of March we were still in the $9000 range. Then a sharp decline started and ended at sub $5000. Things was way out of the plan then. All hope was lost. Then next two weeks price started grow again. Hope started shining again. Now less then a week to go we are very far from $9500, but on the other hand it can still happen. It would be in the line of this crazy Bitcoin quarter.
I predicted ~$9,300 so I'm in the same spot as you - first I though "damn, now that the price is at $10,000 it will probably get to $15,000 on April 1st," - then when the price dropped to $8,000 I thought I have a good chance if it would recover a bit, but now coronavirus wrecked all my chances. I wonder what was the thinking of people who predicted $6,000 range - did they though the market will turn bearish before the halvning because of some failed expectations or due to pure speculation? |
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Tracking mobile phones in Korea worked to contain the virus though. They did it just when someone infected who was in the plane, they contact all those in the plane and let them isolate themselves. This is sort of a very effective to them. We might not like this survellance as we want privacy but this works in this kind of crisis.
Most countries have been tracking mobile phones for many years already, some were even using it to track protestors. But there's a threat that coronavirus will normalize this, that regular citizens will start supporting it and even developed countries known for their democracy and freedom will be more like China with its mass surveillance. |
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It’s probably where it should based on widespread mainstream adoption numbers etc.
Bitcoin for me is number 1 though because it’s an unrivalled, never seen before invention. If we re-address this in 30 years then maybe bitcoin could be in the top 10.
This isn't about adoption, it's about aesthetic qualities of the logo, so it's just a highly subjective ranking that was made by asking professional designers. If Bitcoin's logo is #1 for you, then it is #1 for you, no one should be arguing with you. To me personally, Bitcoin's logo is nice but nothing special. I'm not going to like it more because I like Bitcoin itself. |
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Volatility is caused by exchanges, not by Bitcoin itself. And the same volatility is what attracts people for a decade now.
Risks? We don't have any risk in the stock markets which are also volatile? Developed economies didn't take any risks?
Example: buy $1 today and get $10 in 5 years, who wouldn't be attracted to such an offer? Risks are everywhere but if you never take any risks anything good will happen in your life, it's how it works. It's a matter to balance 'the risks'.The golden rule in investments, never put ll your eggs in the same baskets
People are not interested in trading and taking risks but they have no problem to take the risk when buying a scratch ticket with 0.0001% chance to recover their money lol
Exchanges are just free market, you can't really blame them for it. And stock market is not as risky as Bitcoin, plus stocks aren't fully speculative, their value is based on the performance of their company. With Bitcoin traders don't care much about fundamentals. And you can't really compare Bitcoin with lottery tickets, they are attractive because they seem to cost only a little. But how many people throw thousands of dollars in casino? Anyway, we are talking about currency here, and most people don't want their currency to be volatile, that's a fact. |
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I think it was the plus token scam bitcoins dump initiated the panic, with that big dump it's normal that the market will be shaken and the whales played their role to create more panic and bitcoin dump as low as below $5,000.. but after days of waiting, bitcoin pump and brought the price to $6000+ now, which I believe it should not recover if people are panic on the corona virus.
There were reports about plus token dumping during the previous market declines, but none of them were as severe as this recent one. There's no way plus token is solely responsible for it, it was clearly a reaction to the stock market crash. Investors were pulling their money out of everything, and with how unstable Bitcoin is, it's logical that it got hit very hard with this wide panic. Similarly, altcoins declined ever harder, because they are even more riskier than Bitcoin. |
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Volatility is the problem #1, because of it people who don't own Bitcoin don't view it as money, they view it as a highly speculative investment. And majority of the population is not interested in trading and risking, so it's a huge turnoff. Only after Bitcoin will be relatively stable for multiple years will the public opinion start shifting.
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Trump just wants to appeal to his Christian voters who can't wait to go to church (though many actually ignore quarantine for it). The US is still far from reaching the peak, even Italy which started to have coronavirus earlier still hasn't peaked. If Trump will proceed with this plan, he'll likely make things much worse.
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If I understand correctly, it has nothing to do with blockchain. You only want to make digital currency. And that is of course regulated and regulated by the state. Well, we'll see what comes out of it. I'm curious
You are right, it's not about crypto/blockchain, and I hope crypto community won't misunderstand it as such, because so often people think that digital currency = crypto, I've seen some people going as far as to think that virtual currencies from online games are crypto. And the US' banking system seems to be lagging behind in digitalization, so maybe this bill isn't a bad thing. |
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It's like asking "why would people buy iPhone if they can buy chinese noname phone for $50"? Ethereum pioneered smart contracts, and it has seen countless attempts to dethrone it and still it's #1 in that field. Same is happening with BAT. And Bitcoin itself still dominates the crypto market despite thousands of coins trying to kill it.
But almost no one holds Bitcoin to get "new technology" from aidrops. I don't even bother claiming any airdrops after BCH/BSV, it's simply not worth the time. People hold Bitcoin because all that "new technology" isn't really useful and its often plagued with security problems.
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3. You will get a strong reputation and credentials because you are making an effort to make a quality threads.
This will only happen if you actually create useful threads, otherwise you might get the opposite of what you want - people will see you as merit hunter, topics might be deleted for being low value, users might put you on their ignore lists if you post too many useless topics and so on. There's one important rule before creating new topics - use the search function first and see if anyone made a similar topics in the past. This can save people's time from having the same discussions over and over again, and you yourself can read old discussions to learn from them. |
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Sanctioned countries like Russia, Venezuela and Iran were talking for years about how they will use crypto to evade sanctions, but it's all just talk. Venezuela is actually the country that tried the most, with their government-owned shitcoin, and they still got nowhere. Despite what you might believe, those countries aren't cut off from international payment systems, so crypto actually is not needed. So there's no way crypto is a solution to sanctions.
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I think most people here just own a little Bitcoin they collected from bounties/campaigns/small personal investments, so they didn't stack sats. "Stack sats" is a fairly new trend, I don't remember it being around a year or two ago. The idea isn't new of course. The members who were longer on this forum just sit on the coins the bought a long time ago when the price was in 2 or 3 digits area. Maybe they are still buying a bit, but majority of their share comes from earlier days.
HODL just means not trading frequently and never panic selling. It doesn't matter how you acquire your coins, it's all about not selling too early.
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Bitcoin whales are semi-mythical - everyone talks about them, but no one names any names. You'd bet that in all these years someone would pinpoit at least a few individuals, but no, it's always the abstract "whales". I'm not saying that they don't exist, but we have no idea just how many of them there are, how much do they cooperate, how many coins do they hold, etc. Maybe their influence is severely overblown and they don't fully control the price like many people believe.
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But what makes Bitcoin price go down
As the spread continue people start to panic with the disease not Btc, thinking of many Negatives and some people exchange their Crypto to friendly fiat money so they can cover some emergency staff buys extra food, drinks, masks, etc, the simple view is that many sell result to cheapest sell which automatic kill the prices of an Assets.
The amount of people who sell their coins to cover their needs is negligible, what happened is that whales/speculators dumped their coins because of the panic on the stock market. So, coronavirus is actually the reason, it's just not a direct reason. Instead of coronavirus -> Bitcoin we have coronavirus -> stocks -> Bitcoin. But this correlation isn't fixed, if the stock market falls a little then Bitcoin doesn't care - it's not repeating every single move. |
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I don't think people should be creating any sort of merit bounties for new topics, this just encourages people to write low-value "educational" topics that can often be misleading and unintentionally harmful. Or they simply litter the forum with information that was posted countless times before.
Maybe you should instead ask users to submit their old posts that in their mind deserve more merit, instead of creating new ones. This would be more productive for everyone and don't create any disruption.
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It's done it once. It could do it again easily enough. It may however become one of those mythical one time events that are talked about for years afterwards. It happened around a set of circumstances that will never happen again. Bitmex fucking up was probably the prime factor, but the start of a global rout only happens once.
Of course there will be many more economic crises in the future, but if Bitcoin will be at much higher level than it is now, it wouldn't crash to $3.8k ever again. So, there's a big chance that this price won't be seen ever again. I think the highest chance for it to happen is now - if the situations for some reason quickly worsens and the same circumstances happen again - a sudden crash across the markets, then Bitcoin could dive again. |
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If people get extremely worried to the point when they start contemplating suicide over their investment, it might be a big sign that they have invested too much. One of the rules of investing is only investing the money that you can afford to lose. If you put all your networth in Bitcoin or take loans to buy Bitcoin, you risk seriously screwing yourself.
So, if someone has such negative experiences, they should sell some portion of their coins on the next big upswing and hodl less coins, so that the future crashes won't be as devastating to them.
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There's very little chance that theymos will be interested in doing this, it's simply not in his style, and if you check his recent post history, he doesn't think that this pandemic is actually serious. And if someone wants to donate Bitcoin, some big organizations already started receiving Bitcoin donations. I don't think that the virus should be viewed as an opportunity to get good publicity, this is what (some) politicians do, and we should be better than them.
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$6200 and still increasing,feels good to see a huge upward curve.  Seems people started to realize what they have to do with bitcoin at the financial crisis, better use this opportunity and create panic buying button guys.  But still it's just a correction and we are down from $10k and we are also down from last years $13k. Bitcoin isn't doing great, it's doing "ok". Bitcoin will probably go up even more soon, but it could be attributed to the halvening and speculation rather than a reaction to economic problem. It's also important to calculate the price changes properly, it's not enough for Bitcoin to simply rise while stocks/fiat tank, Bitcoin should end up higher or on the same level when it was before the crash. |
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