If they sell on bull run i don't mind i guess there wont be any significant change but if they sell in bear market that would be the worst case scenario cause it will have huge effect on the market probably we will experience a very long bear season.

I agree, those who waits might lost the game in the long run. We've heard people here and from other social media outlets how they wanted to buy but they want to get it cheaper. Well in the first place, price has always been cheap for bitcoin specially in a bear market. That's why I will say that there are two sets of individuals here, those who are smart enough to recognized and buy discounted bitcoin anytime, and then there are those who always says they wanted to buy but not doing it because they wanted it to decline more. This kind of opportunity like seeing a lowest low might just come once or twice and if you don't buy that time and keeps on believing that the price will continue to go down, then you lost already. As the saying goes opportunity knocks only once.

This is so very true @Wind_FURY: Bitcoin does not need the Spot Bitcoin ETF. They are a corporation so of course they only consider choices that benefit their own entity and nothing more.
If you think they care about the investor or what bitcoin and the whole cryptocurrency eco-system whether they live or die.
Then simply they are a fool for thinking anything different.

Big money got there by thinking about their own bottom line and if bitcoin goes to zero they wouldn't give two ****s about it.
Seriously speaking.
The money they make off the institutional investors that buy this ETF when it is finally out and fully approved will be the only thing they care about.
They are business minded and if the small investor who buys these ETFs are bankrupt in the end because of it's offering, they will just write it off.

Let's live in the real world now with these back from the future visions stated here in the thread please.

https://twitter.com/WatcherGuru/status/1674775113126772742

This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.

Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.

I'm more or less in the same boat, I haven't used LN as much as I would have liked lately, and that's mostly because the services I use don't accept it. The one major change (for me) is that BlueWallet stopped offering custodial LN. This was one of my favourite wallets.

There are now more exchanges that accept LN, but I haven't used them yet (I don't need an exchange to use LN).

If we took that line of thinking with every issue then CSW would currently reign supreme and bitcoin would have died a long time ago.

Bullshit needs to be called out as bullshit whenever and wherever it comes from. A wallet directly funding blockchain analysis while styling themselves as the ultimate privacy solution is a prime example of such bullshit.

We don't know the criteria involved in the blacklists Wasabi implements, because they won't tell us. (They may not even know themselves, and just do what their blockchain analysis buddies Coinfirm tell them to.) Who gets to decide what is classified as a "nefarious source"? Certainly not us. Lots of people think bitcoin itself is nefarious. What about porn sites? Gambling/casinos/sportsbooks? What about peer to peer loans? What about non KYCed coins? What about peer to peer transactions not involving a centralized third party which can automatically track and report everything to your government? All of these things are classed as "nefarious" by various governments.

I really hope I don't need to point out on bitcointalk of all places why implementing government blacklists is antithetical to the very purpose of bitcoin.

I started buying a year and a half ago and at the moment my strategy is to stop buying when the price of bitcoin hits 30k. I can’t say that I chose the period for buying bitcoin because I am such a good analyst, I was just sure that we were in a bear market and I didn’t believe that bitcoin could fall very much, so I chose a strategy for myself to buy bitcoin all the time, every week , or so, until the price reaches 30k. I also don't encourage buying when the price gets close to ATH, or hits a new ATH, it's definitely not the best time to do it.

CMIIW, I believe people can still use coinjoin without relying on Wasabi no? Although I don't think they are suitable for small payments unless the seller allows unconfirmed transactions to be accepted. I can see they sell this as a feature for their customers though.

And how do you propose this will happen more effectively?

It is already functioning quite privately. More privacy can emerge with BOLT12 and of course with greater liquidity.

Confirmation doesn't take 10 minutes, unless you're having the highest priority. Hundreds of thousands of transactions don't have that, especially recently with the rise of Ordinals we had to wait for like hours --if not days-- to have our transactions confirmed.

There is no future where merchants accept it as point-of-sale based payment method without going off-chain.

The 4 elements of the Howey test

• an investment of money
• in a common enterprise
• with the expectation of profit
• to be derived from the efforts of others

ICO's, Dash, Eth...... are Securities.
Bitcoin is not it was all about buying Alpaca socks and such, nobody sent money to a centralized enterprise like the Ethereum foundation and others

That's true but I wouldn't say "they didn't work" because the fact that all of these efforts have succeeded in keeping the price from rising is a success for those trying to attack bitcoin. Otherwise the long term trend for the past 14 years should have been a big rise where price is currently sitting somewhere around $100k not still struggling at $30k level.

Proof of shit (stake) in Ethereum requires you to have at least 32 ethers somewhere that you are ready to lock up for a period of time. For reference this is about $50K in today's prices. But as you can see, they are doing the rugpull on decentraliztation, with plans to make the requirement at least 2048 ethers. $50K times 64. Is about $3.2 million dollars, subject to the wildly volatile price of ETH, which can double or triple or even half at particular times of the year.

Do you know who has $3.2 million worth of ETH? Exchanges, and rich crypto bosses. And Vitalik Buterin and other OGs. These will basically be the only people who will be able to solo stake from now on, and everyone else will have to use a pool which runs risk of going bankrupt, Celsius style.

This is why POW is the best method even if it uses a lot of energy - you can't buy fraud in the network.

Dragging up this thread. eth is discussing staking at 2048 coins not 32

https://www.coindesk.com/tech/2023/06/19/ethereum-developers-propose-raising-validator-limit-to-2048-ether-from-32-ether/


and that is why POS is piece of shit

the very idea they have the balls to talk about doing that shows how fucked up staking can be.

Depends on whether the lightning network is the future of Bitcoin payments. I genuinely doubt. It's pretty limited unfortunately. Sure, it helps as fuck at the moment (especially at the moment), but technically and economically speaking, it isn't worth it for the vast majority of merchants which can be paid alternatively in cash or credit / debit POS. Visa might cost a lot, but it's questionably more than the maintenance of a lightning node.

We need more work on second layers.

Hey, I don't even dare to say this

So from this they began to worry and try to suppress bitcoin because for those who have an interest in regulating something in a country things like bitcoin will be a threat.
Indeed, for us as ordinary citizens, things like this can be used as an option so that we are not too bound by some conditions where we are like being regulated unconsciously but on the other hand for those who have this interest it will be a problem so that in this case of course there is a balance that they think must be maintained and with the presence of bitcoin they will become unbalanced.

Reasons like this are quite logical for those who will definitely continue to hinder bitcoin. Indeed, for us bitcoin can be said to be one of the gifts but for some people who have other interests this could be one of the calamities for them.