Volatility is the least thing businesses should worry about, since they can easily cash out BTC to Fiat. There are payment gateways which instantly convert BTC to Fiat at the current exchange rate. If that's not enough, businesses can accept stablecoins as payment method in order to gain the benefits of crypto/Blockchain tech and the stability of Fiat. There's simply no excuse to avoid accepting Bitcoin as payment method.
I think,,, you should ask businesses if volatility is important or not. Why do 90% of merchants who accept Bitcoin only accept fiat settlement as you say? Because of volatility! That means they use stuff like Bitpay,,, which actually means merchants do NOT have Bitcoin wallets. You pay with BTC, Bitpay changes it to fiat and gives it to the merchant. So this really means they are not even accepting Bitcoin,,, just letting people pay with Bitpay or whatever gateway. Guess how much fees they have to pay to accept that. And have you seen Bitpay's fees to you as a user? You actually sometimes have to pay more to use Bitcoin. And then refund. What happens if you paid 1 btc when price was 60k and then when customer request refund of 1 btc, but price is 70k? Bitpay will bill the merchant the new price, probably worse rate than spot! Of course volatility is a huge factor for business  |
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Most of them are only interested because the price goes up high and viral news about bitcoin. his interest is also not necessarily true to learn this technology . they just want to know how to be rich. whereas if they can understand the basic knowledge of bitcoin, crypto and blockchain it is enough for them to start learning more about other things in crypto. I think it's enough to give a reference to the basic things. if someone is really interested surely he will look for more information. and the information is widely distributed on the internet freely.
Which is why people just go crazy for floki and other nonsense coins,,, always about the price, about the "potential"  I do disagree that everyone has to learn about technology though. You can still understand Bitcoin benefits without understanding the technology,,, same as people slowly began to use email and internet benefits without knowing a single knowledge about how to use html code or email protocols. |
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Haha. An “investment”? I believe the longer we HODL, it would no longer be considered as merely an “investment”. It would start to be considered an actual transition from fiat to Bitcoin. Because then why are we here?
I have to agree with you,,, speaking for myself and those I know who seriously hodl Bitcoin, it is already passed the point of investment but reached to the point of transitioning. Of course still we cannot spend it as much as we would like but already I gamble and pay close friends in crypto whenever possible because who wants to hold on to fiat that keeps losing value? Then again,,, many other people I know do see BTC as investment, with no plans of hodling too long and exiting as soon as they see a profit they like. |
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You sound like you have really traveled a lot and seen a LOT of football Well I do not go out and watch games neither, I have been to just one game in my entire life and few practices, but I have watched countless games. I watched it early one, when I was much younger, 10-15 years ago as a teenager in high school and it just wasn't the same. I get that some people like the feeling of it, the atmosphere and all that but the reality is that you can't really watch the game. Watching from TV is so much more comfortable, get a couple of beers, some chips, and just lay down on your couch and watch it, it is so much more comfortable. I mean I get that some people like it that way but the reality is that you can't view the pitch all that well when you are there whereas you could literally see the foot movement of players on TV. And on top of that, I have seen much better pitches on TV, because you get to see thousand of different ones, even the same stadiums could have theirs changed eventually. I admit I see more English football than local football and have never even been to a professional game,,, college and uni football a lot because there were other nice things to see  Even I was betting on football before even watching them. It used to only be World Cup or Olympics that we could watch but of course with internet and tv now easy to find the games. Stadium watching is different but it depends on where you are. Worse is behind the goal near bottom you cannot really see what goes on at the other side. I think right where the coach is also is good but yes it depends |
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During the scaling debate, months before the UASF cleared the path to a true understanding of Bitcoin, community, and consensus, as a newbie, what was your viewpoint on “big blocks or small blocks”? I was also a newbie with a different perspective.  100 sat/byte, that is still too high except when the mempool is congested, it can even go higher. I will use vbyte because weight are used for transactions except when using legacy addresses to make transaction. Nested segwit, native segwit and the upcoming taproot are using weight for transactions. Right now, the mempool is not that congested, even 11 sat/vbyte will get your transaction confirmed early. This has been how bitcoin transactions has been but it depends on how congested mempool is. You can first use mempool observers to check the vbyte to get transaction confirmed early. https://jochen-hoenicke.de/queue/#BTC,2h,weighthttps://mempool.space/You quoted someone else's comment but I understood you responded to me. I know how to use the calculations, to look at mempool and all that. But if you read my comment, it was talking about the big block small block argument period before the whole Bitcoin forks episode. So we did not even have at the time vbyte numbers to my knowledge. If you needed a transaction urgently, 100 satoshi even sometimes was not enough and I was talking about it being cheap at the time because of BTC price. |
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During the scaling debate, months before the UASF cleared the path to a true understanding of Bitcoin, community, and consensus, as a newbie, what was your viewpoint on “big blocks or small blocks”? I was also a newbie with a different perspective. Personally? I felt very hurt by the fees because I was using a site that adjusted fees and it made me pay a lot of money. But guess what? I found out how to use Electrum to set my own fees. I saw that actually even with 100 satoshi per byte fees I actually paid very little. If it was all equal and about fees only I would choose the cheaper one but even as a newbie it was easy to see the people who opted for the split were commercial, thinking about money, were not as good about developing concerns as Bitcoin, and I was not convinced about block security (as in, 51% attack) as so many altcoins show they are vulnerable. Imagine, since the time I was new, LTC, ETH and others always have network down times, and reorganization and confusion. Never with Bitcoin except because of the BCH fork,,, to my newbie understanding. So anyway, long story short I was not a small blocker but a regular blocker;) Like if you have a computer, and you always have option of buying more HDD or just keeping your disk cleaner and more efficient. |
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EUR 60,555,-
Bitcasino username: leea1334
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I never really remembered how the past season happened,,, all I know is once you get to the bottom a lot of people give up
Well the chances to get into top ten are very low if you currently stays at any rank below #40 so some people ended up giving up halfway. Well yeah one or two yellow cap might pump you up but the chances are slim to hit that and not to mention that you might have few bad rounds along the way as well so yeah I kinda understand why people stop there Anyway Im currently #31 and Im not going to stop until this is all over lol. Im kinda persistend in this kind of thing lol Every season in football there is at least 1 team that makes a final lap surge in the league, in every country. So this means at least 10 games or more than 25% of the season in almost perfect form. If we put that in equation for this pool,,, this means someone can go crazy and make the highest average. I see now the difference in points is almost 40 between me and the top, and average of 1 point per position. We have 27 more games, if we can find a way to make up just 1 average point for those we can climb 27 positions! Not to a prize yet but add in one or two yellow caps,,, you could be ending up with a prize May we both find a way to prove the adage of Never Give Up |
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I never been on a football pitch of that quality either. It looks almost unreal!
It is UK weather man, you can't get pitch like that anywhere else. I was in Newcastle, the one from which the club is from, a couple of years ago. From my hotel to the stadium there was maybe 1 km walk and in that one km there was so many flat green spaces that you could build 10 more perfect pitches just by making the lines and putting up goals. I was there for a week, and i have not seen sun in the whole week, there was also no rain, but roads were wet all the time. It is just slow drizzle I guess and you don't even realize it is raining, perfect for grass. You sound like you have really traveled a lot and seen a LOT of football You are very lucky. For us, I've never seen good pitches in my life to be honest. I remember even for high level games you can sometimes see good fields but when you come closer you realize it is not so,,, with weeds and holes in the ground. I agree the weather must be the whole reason back home,,, even golf courses are criticized in newspapers because apparently they suck up a lot of water (again I guess if light rain constantly then good for the grass). Arsenal supposedly have among the best pitches but also so do Spurs (as we have the newest stadium). |
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2 yellow caps and I will get close I can feel it!
Things can change pretty quickly during December and January when we will have a really tight schedule for the Premier League games.Usually it is exactly in this timeline that the past winners get ahead of most of the people.If we miss out a lot of points during this period then we only keep playing for that Yellow Cap because recovering those points in the remaining schedules is almost impossible,so there is all to play for in December and January. [/quote] I never really remembered how the past season happened,,, all I know is once you get to the bottom a lot of people give up, which seems to be the real life case of EPL football for relegation teams. Psychology is a big factor, but then again Christmas top teams also fall apart sometimes and maybe we can see the same in this pool. My eyes is on 19th game standing as this is a bit closer to the actual finishing positions in halfway league. |
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If a "fall" happens to 50k, then it would be amazing. If we can fall from 64k to slightly under 30k and then move to around 68k levels, then imagine how higher we would go if the price goes down to 50k. That would mean that we could potentially move to a lot higher levels, like 100k could actually happen this time around.
People are afraid of the price falling down but the reality is that if the price falls down that usually means that it is getting ready for another attack. It will not go down forever, it will go down for a while but then it will skyrocket higher and that is where we are at right now. That is why I am quite happy with what we have, but would be even happier if it went down to 50k and didn't fall any further down.
That would mean only a 25-30% fall so actually,,, pretty normal in the world of Bitcoin, unless it happened in one day then okay, it would cause a lot of widespread panic. But also it would cause a repeat of the bounce back up and beyond, like you say. IT is only when it keeps breaking support and does not bounce high that we should realize the rally is done and we are going back into winter retreat. |
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I have the same theory. The scaling debate brought instability, then which Segwit activation stabilized and ended the debate. It also brought divisiveness, which Segwit couldn’t fix, BUT I’m confident none of the big blockers that matter SODLed. Roger Ver still HODLs Bitcoin. It would be stupid of him, or anyone, to sell Bitcoin for Bcash.
I was very new when all of that happened. All I knew was that the miners who wanted bigger blocks went their way but eventually they also saw how bad the other camp was and everyone then decided to go Segwit. No more debate other than stubborn things about price and speed but I remember,,, this was proof of how Bitcoin becomes stronger after overcoming a difficulty. Taproot is nowhere near to causing the same conflict so I do not see it as a big difficulty. |
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BlockFi has filed another application with the SEC, only now to launch a bitcoin ETF with physical collateral in accordance with the Securities Act of 1933.
Interesting,,, seen a lot of ETF applications but this is the first from a pure cefi turning into defi company that most of us should have heard of. Any news how much of collateral is going to be held? Is it just 1-to-1 because even that would really make this something special. Expect many rejections first however |
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in fact, BTC, ETH, and BNB also started all at very low prices. and now we see the growth achieved by all the good coins in the market is not something that happens quickly.
all of them thrive to build their market well. and if SOL can get sustainable development, maybe in the next 3-5 years the target can be achieved.
What I see, and apply to make long-term plans is that there is no impossibility.
BNB did an achievement of their current price the fastest among all these coins mentioned I think but that was because it received full marketing backing of millions of dollars from Binance, thanks to exchange fee profits. I think SOL has much less of that but also benefited from the defi and dex rush. But so many competing and even if it gets to $1000 in a bull run it would fall to extreme levels as soon as the push and incentives are gone. |
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I think Doge and Shib will definitely survive in the long run because as you can see their volume are very high seems these coins are very popular meme coins and both are on top coins in the market. The rest of the meme coins I believe there are some can survive in the long run and some will be dead soon so it depends to the people which meme coins are they will support or to invest.
DOGE I have no doubt but Shib surviving in the long run is going to be highly improbable to my view,,, this coin has a lot of volume sure but it is 100% speculation and not a single use in that volume. Worse,,, it is not even able to achieve utility even if there would be willing users. By default a memecoin cannot be long term. |
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