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1  Economy / Speculation / Re: Is Bitcoin bull market back on: July 26, 2021, 10:22:31 AM
over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.
The bull market has never left us since May. It can not come back if it has always been there since April 2020.

The losers are fearful at bottoms and are greed at tops or peaks. They response to the market oppositely to what they should do response and get earnings. Being fearful at bottoms, sell off with crash, and stay fearful when market is side way. Being hesitating when market begins to break out and being greed when the market tops up again.

I agree with you. I see it the same way because talking about a bear market that went up 700% over a year or so or even less is ridiculous. Yes we had a bump now, but that is even part of a bull market. The set backs in crypto are just bigger than in other markets, but it has been like that ever since Bitcoin was launched.
2  Bitcoin / Bitcoin Discussion / Re: The Data PROVES It: The Wealthy Were BUYING, As Amateurs Sold In Fear... on: July 26, 2021, 10:21:02 AM
That's why it's more profitable to hodl for long term with patience. At some point it seems BTC will test below 20,000$ but market sentiments is changing and taking a turn around. After several test of the 30,000$ region, it shows some. Buying has been done to hold the suport level so strong which is pointing to move upward.
For people who are experienced in the crypto world, they will realize that buying Bitcoin for long-term investments is more profitable. Therefore
many institutions are doing the same thing with holding Bitcoin for the long term, why do we who only have small capital have to panic seeing
the decline in the price of Bitcoin. We should also be patient holding Bitcoin until the Bitcoin price recovers, based on the history of Bitcoin
price movements, no matter how far Bitcoin goes down, it will always go up again more higher.
But not all would really be minding of on holding but rather they do actively trade to see profits in shorter duration.Wealthy people are having that kind of mindset since theyre more experienced

but once those amateurs do really get the idea then thats the time that they would really know on how to play with the market.It do takes time though since capital would be an issue

not all would really be having bigger capitals or money to spent out on investment but doesnt mean that they wont able to make it grow.

Some people with good analytical skills, usually often take advantage of the volatile Bitcoin price, they are more daring to make short-term trades
to be able to make a profit. Even though the profit is small, but if done repeatedly the profit collected can be large. In the end it comes back to
each person, not everyone chooses Bitcoin holding, some people are more actively trading. But my advice for beginners is better to just hold Bitcoin,
because usually beginners do not understand how Bitcoin works. It's true that not everyone has big capital, but there's no need to be disappointed,
because with a small capital can also generate large profits. But the process is longer and does require patience.

Short-term trades are tough to do unless you are highly professional and maybe even applying algorithmic high tech. Other than that you usually lose against the market or at least are not able to make considerable profits. See with Amazon now, I want to see the guru whose technical analysis helped him identify the jump to $39k... Those who went short couldn't know rumors about Amazon will be leaked. Your TA doesn't help anything here.
3  Bitcoin / Bitcoin Discussion / Re: Why green bitcoin mining has become a trend? on: July 26, 2021, 10:19:12 AM
The fault lies with the Bitcoin users. As the OP has rightly pointed out, only 0.117% of the global energy use is devoted to Bitcoin mining. The arguments put forward by the critics don't have any face value, and they themselves know that. But at the same time, Bitcoin users have fallen in to the trap that the critics have set for us. Rather than pointing out that our energy usage is minimal, everyone here has been busy finding excuses such as "green energy" proportion in mining is increasing. Satoshi won't be happy with this. He designed Bitcoin as a decentralized currency, that can't be manipulated. And here we are getting manipulated by those people who hate BTC.

To be honest I am certain neither argument would have calmed the anti-bitcoin party down. Whether you claim the energy is green or whether you claim it is not a lot, it doesn't fit the agenda of those against Bitcoin either way. Also, belittling an overall usage of 0.117% could be a dangerous strategy. If today you say that's not much and then it doubles within a year because Bitcoin prices go up and mining power goes up, the message in the media would be that electricity usage increased by a 100%. No matter what you say, they'll put it the way they want anyway.
It has long been stupid to believe the media. They say only what is beneficial to the state. They want to cover up mining, because they understand how much this will affect the course and stability of Bitcoin. Of course, they do not want people to use it, when they find a way by which they can control our actions even more, they will do everything to convince us of the "usefulness" of Bitcoin.

No, they are not spreading what is beneficial to the state unless you live in Russia. In Russia it is true as the media is controlled by government, or let's say the vast majority of it. The media spreads the information that creates most drama and will be read by most people with interest. Talking against Bitcoin still is a good strategy to create catchy headlines. More readers, more revenue, but not necessarily more truth...
4  Bitcoin / Bitcoin Discussion / Re: Is bitcoin anonymous? on: July 26, 2021, 10:17:24 AM
On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

It just requires one connection to your physical address (because you made an order or something) and you are more or less completely identified. Add to that an exchange you underwent KYC on, again you are identified. If you now use Bitcoin addresses that have ever been connected to one of the identified addresses, you are definitely completely identified.
Yes, it is true. So if the government is afraid to be used as an instrument of crime, I think with your explanation it can be identified as well. even though we ordinary people only see the address without clearly stating the identity of the wallet owner

The government won't be an instrument of crime. Actually, those who know Bitcoin well enough also wouldn't use Bitcoin to commit crimes, except for those who are absolute professionals and know exactly what to do to break traceability, but that is a minority of criminals. Others just use Bitcoin without concern and that is also dangerous as you don't want to leave your personal footprint all over the place on the Internet on a distributed ledger.
5  Bitcoin / Bitcoin Discussion / Re: Is bitcoin anonymous? on: July 25, 2021, 08:18:08 PM
On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

It just requires one connection to your physical address (because you made an order or something) and you are more or less completely identified. Add to that an exchange you underwent KYC on, again you are identified. If you now use Bitcoin addresses that have ever been connected to one of the identified addresses, you are definitely completely identified.
6  Bitcoin / Bitcoin Discussion / Re: Why I like to learn and use bitcoin on: July 25, 2021, 08:16:41 PM
It is a once in a lifetime opportunity that you should never miss and you would regret it so much once you chose to ignore it. In my case, I chose to learn about it too late. The price of bitcoin grew a lot when I decided to dedicate my time on it. I saw it as the future although we cannot be certain about it yet hence we can be sure that it will have a place in the future. You will receive lots of benefits once you choose to focus on it. So if you had or you will get to know about it, do not let it slip in your hands anymore and invest what you can lose on it.

The least benefit you get out of it is that you get to learn about the inner workings and problems of the current monetary system. It is astounding how less people have a decent understanding about how money is created, controlled and supposed to function. It can't hurt to get an idea about that, it'll help throughout your whole life. Understanding inflation and monetary policy also helps you make wiser investment decisions.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Future? on: July 25, 2021, 08:14:29 PM
I believe strongly bitcoin will be our future digital currency because many large companies have accepted bitcoin and they are also investing in bitcoin. Moreover, there are countries that accept bitcoin. We just need to be patient and as time goes on bitcoin will be more and more liked by everyone.
bitcoin will be able to achieve that, bitcoin will certainly become the world's digital currency, because every country also creates a lot of local digital currency, but will not be able to beat bitcoin because bitcoin has the advantage of not having regional limits and speed between countries, which is not capable of being done by local digital currencies.

it takes hard work even though many countries have openly recognized it as a legal currency like their fiat money, but it's good to keep bitcoin running according to the advantages it has, but let fiat continue to run to do backups if bitcoin still can't be used in the country In certain cases, bitcoin and fiat need each other so that cooperation can be built.

I wouldn't say it can't be done with national digital currencies to create a network that let's you send money within no time across the world for an almost zero fee. Technically, it can be done. It does already exist for the Eurozone, the so called SEPA network. You can send for a fee money to any country in the Eurozone within 10 seconds. Bitcoin has other advantages than being borderless when it comes to transactions. It is also borderless when it comes to taking your wealth with you because nobody knows.
8  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: July 25, 2021, 08:12:23 PM
it's very good that there are countries that adopt bitcoin. this is a very important process. like this, what will be done by countries in asia, such as iran for example. that's why some countries have started to legalize bitcoin, this is a sign that the digital currency can serve as a legal tender. And also a long-term investment.
I really agree with your opinion, this is a very good step taken by el salvador, in my estimation if el salvador succeeds in adopting bitcoin well, and is able to make their country more developed, and their economy better, I am very sure other countries will follow in the footsteps of el salvador in the future,
- Having just skimmed through some of the results on the forum about EI Salvador's adoption of bitcoin, an outcome that may be out of reach for fans, enthusiasm is very low when the rejection rate is unusually high, many crypto members are feeling these figures are problematic and faked but reflecting on this issue, I feel people in EI Salvador still trust their currency more and fear such a great innovation
maybe it is still necessary to provide education first, even though the state's goal is to improve the country's economy, but if there are still many who do not understand, it can be ascertained as you say, there will be rejection and that is normal but with the passage of time by providing an explanation and the government's commitment to the adoption of bitcoin to the public, it can be resolved as well as possible.

as long as the government's goal is to improve or take any steps there will be rejection, because there are those who benefit and lose, but if the government really aims for the progress of the nation, it will be resolved and can be well received. there will always be resistance in every change.

hopefully the elsavador impact will make bitcoin a lot of countries to follow and bitcoin will be able to increase in time.

Did El Salvador just make Bitcoin legal tender or did they also pass laws that make it easier for businesses and business people who deal with Bitcoin or whose business accepts Bitcoin do get any advantages? Or let's say advantages compared to the rest of the world? By only making Bitcoin legal tender, it probably won't have much of an influence.
9  Bitcoin / Bitcoin Discussion / Re: Why green bitcoin mining has become a trend? on: July 25, 2021, 08:10:57 PM
The fault lies with the Bitcoin users. As the OP has rightly pointed out, only 0.117% of the global energy use is devoted to Bitcoin mining. The arguments put forward by the critics don't have any face value, and they themselves know that. But at the same time, Bitcoin users have fallen in to the trap that the critics have set for us. Rather than pointing out that our energy usage is minimal, everyone here has been busy finding excuses such as "green energy" proportion in mining is increasing. Satoshi won't be happy with this. He designed Bitcoin as a decentralized currency, that can't be manipulated. And here we are getting manipulated by those people who hate BTC.

To be honest I am certain neither argument would have calmed the anti-bitcoin party down. Whether you claim the energy is green or whether you claim it is not a lot, it doesn't fit the agenda of those against Bitcoin either way. Also, belittling an overall usage of 0.117% could be a dangerous strategy. If today you say that's not much and then it doubles within a year because Bitcoin prices go up and mining power goes up, the message in the media would be that electricity usage increased by a 100%. No matter what you say, they'll put it the way they want anyway.
10  Bitcoin / Bitcoin Discussion / Re: The Data PROVES It: The Wealthy Were BUYING, As Amateurs Sold In Fear... on: July 25, 2021, 08:07:53 PM
but the daily trading volume has been very low lately even during the big dump that happened a couple of days ago. in my experience this suggests that those with large amounts of bitcoin and even those with smaller amounts and even the weak hands are no longer falling for the panic sell encouragement and are not selling anymore. the reason for the drop was market manipulation which couldn't even last for more than a day.

I would say that the dump was real. Not every dump is about manipulation. Only because psychology is involved permanently doesn't mean it is manipulation. Some tend to overreact while others are really case-hardened. The low trading volume means that neither the bulls nor the bears feel the urge or the motivation to pull the trigger.
11  Alternate cryptocurrencies / Bounties (Altcoins) / Re: ✅[BOUNTY] LUNALAND 🚀 FLY ME TO THE MOON! 🚀 $150,000 pool! 4 weeks duration! on: July 25, 2021, 05:22:12 PM
Bitcointalk username: datguyian
Link to Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=94179
Name of campaign(s):Signature Campaign
BEP-20 wallet address:0x26D51Bde3a93b3C1232e078955F7D3Dd4d1D13b7
12  Bitcoin / Bitcoin Discussion / Re: Elon Musk's tweets violated court orders on: June 03, 2021, 03:58:33 PM
Since the crypto markets are unregulated the Sec and his lawyers shouldn't have any say.   case tossed.

And do you really think that the USA gov would allow a National Strategic Asset like Elon Musk who puts more rockets in to orbit then the rest of the planet combined to fail? or even be censored much?

My thoughts! Smiley Elon Musk is too big too fail. If Tesla now starts mass producing cars, builds its plants around the world (Germany, I think Australia for batteries), the US gov wouldn't intervene. There was a situation where Silicon Valley was threatening to leave and all discussions (not sure what the case was) quickly died down.
13  Bitcoin / Bitcoin Discussion / Re: Will governments ban Bitcoin like they did with Gold? on: June 03, 2021, 03:54:28 PM
Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).

What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much. Smiley

Banning gold is easy because you can stop it at the airport, it is visible and physical. You just confiscate it if somebody tries to transport it. Much harder, if not impossible with Bitcoin in my opinion.
14  Bitcoin / Bitcoin Discussion / Re: Can BTC become the world central currency? on: June 03, 2021, 03:53:12 PM
It can become a guard currency on a global level in the sense that this governments which abuse their own currency and shut down gateways to buy other fiats must expect their own citizens to flee into Bitcoin, because that can't be stopped.
15  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: June 03, 2021, 03:51:39 PM
Energy consumption is much into discussion these days, and the big controversy is now once again getting shattered by Elon Musk. It is also stated that, banks now consume more power than the bitcoin and other cryptocurrencies. With time, efficiency is getting achieved on bitcoin mining equipments. Based on this I don't think energy consumption will set to be a big issue in the future.

Exactly. I don't get what the big deal is about Bitcoin's energy consumption, when existing financial institutions consume more energy than Bitcoin on a daily basis. It's all failed attempt to spread FUD in order to lure people away from Bitcoin and cryptocurrencies in general. Bitcoin can be much greener than what it is right now, if miners rely on alternative energy sources. Imagine how Bitcoin would benefit the environment if most ASIC machines relied on solar or wind energy. With how fast our world is changing, we might see this become a reality sometime in the future. Since PoW is the most secure (and decentralized) consensus algorithm to date, it's hard to believe Bitcoin will switch to PoS anytime soon. On the contrary, Bitcoin will remain as a PoW cryptocurrency while the rest of the altcoins will switch to PoS in order to "tackle" the high energy consumption. Ethereum will switch to PoS, and other PoW-based cryptocurrencies will follow as the PoS hype comes into fruition. I wouldn't worry about Elon Musk abandoning Bitcoin in favor for another altcoin, as long as the pioneer cryptocurrency as some loyal supporters behind it. Just my opinion Smiley

There are reports saying that 76% come from renewable energy for Bitcoin, but only 39% for other coins that are PoW. If others switch to POS anyway and Bitcoin increases its renewable energy mining even further, I don't see the energy consumption turn into a problem.
16  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: May 22, 2021, 09:18:56 PM
Apart from the fact that Bitcoin is already powered by renewable energy to a considerable degree, that is most likely only going to improve over time even further. Bitcoin might even be the reason for mining hardware manufacturers to invest in better and more environmental friendly hardware.
17  Bitcoin / Bitcoin Discussion / Re: Current Market Cycle Analysis on: May 22, 2021, 09:16:06 PM
Unfortunately, this is how the psychology of the masses and the mechanics of the work of traders work. It's not about the message that Elon Musk wrote - it's about the inadequate reaction that arose after him. Due to the fact that traders received a sell signal due to this "news", they mechanically began to fold Bitcoin. When this went on for several hours, hamsters began to sell. But this did not become a "crash! So it is better to forget about this manipulator and move on."

Well said. Those who rode the wave up because Elon tweeted positive stuff should not cry when it goes down because he tweets negative stuff. It's the exact same effect with just opposite directions. The exact same person is a hero when he brings your Bitcoin price up and is a troll when he brings it down again. Maybe not listen to Elon all that much anyway would be better? Wink
18  Bitcoin / Bitcoin Discussion / Re: Current Market Cycle Analysis on: May 18, 2021, 07:52:56 PM
This cycle is similar to many previous ones, so there is no need for a deep analysis.

LOL! I hope you go this way about everything in your life! Cheesy You will make it far then I promise!

No need to analyze second world war because it was similar to world war one. Also no need to analyze other wars at all because they are all similar.
19  Bitcoin / Bitcoin Discussion / Re: Future of BTC on: May 18, 2021, 07:51:25 PM
I do really believe someday cryptocurrencies ecosystem will become normal in daily basis. Because if we take a look the current situation of the world now. Some parts are in favor to cryptocurrencies specially Bitcoin. People learn that Bitcoin is another good opportunity for long term investment and has the possibility to become the major currency.

That's a given and beyond everyone's doubt. The big question only is what kind of cryptocurrencies will be dominating or mainly fueling the ecosystem. That's going to be a fight between freedom and state control. State control can contribute to freedom even though it sounds counterintuitive, but what governments have in mind has nothing to do with freedom frankly speaking.
20  Bitcoin / Bitcoin Discussion / Re: Massive de-leveraging event? on: May 18, 2021, 07:36:28 PM
Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.

They do have an agenda at zerohedge and yes they are not the most friendly crypto outlet although not that bad either. The article is at least worth the read, interesting angle.
I don't think the article is a worth a read as well, it doesn't make any sense, as you have said they have their own agenda and wanted to make some noise.

And I think smart investors knows about this already, and could have been preparing for this so called event. And I doubt that bitcoin could be knock out of the wind at this point, it has becoming the best asset already and will continue to so in the next coming years, with or without this warning.

Zero Hedge aren't bad per se. That's the point they use their reputation to put something out there that not only reflects opinion and knowledge but an agenda. Anyway, that's nothing we aren't already used to.
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