Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL - a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.
So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?
Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?
I don't think the intent would be to hold forever. There's a parable about a Mexican fisherman that showcases us money isn't everything, sometimes a simpler life is the way. After all, what is the $ for? For things. Or to spend on people, perhaps. But it won't go with you anytime soon, or later for that fact. Take a look at the recent 80k BTC sell. People are clowning this guy for selling, and for what? What else are you going to do except live a life worth living. It doesn't make sense to me to HODL forever. Take what you need to live a happy, blessed life. Generational wealth, WAGMI all copes. Don't miss your life |
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I strongly doubt that those Bitcoins come from a hack or any other illicit activity. Market sell, or OTC, Galaxy must do a thorough KYC on the party they need the sales for.
If the funds were tagged as a result of a scam, it would be impossible for Galaxy to trade with them.
That is most probable, but what if verification is not possible? I doubt they would not finance such a big sell, but my thought of Wall Street is that they look the other way if necessary. |
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What do you think?….. What’s your take on the matter
Well if you look at what BaseChain and Abstract are looking to do at the moment, they would agree with you. Specifically that a lot of crypto itself is confusing and has a steep learning curve that most do not want to undertake. Combining crypto into just an app like Basechain and Abstract are doing is exactly what you need to get more retail participation. Doesn't hurt that the PENGU (Pax) is cute!  |
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have you ever been to prison? it is a tough life in there. no matter what you did or whether you were wrongly accused for something, prison is not for everyone. it is obviously lonely as you gets separated away from your family. it can get boring, not being able to do what you want.
but gambling, even tho is prohibited, is often what entertains most prisoners. there is no actual money in prison so they often exchange in other forms of currencies like food or smuggled items. even their way of gambling is smuggled. cards, dice and even information from the outside are all smuggled.
the reason why gambling is prohibited tho is because it might escalate into fights if someone for example loses and doesn't pay their debts
just shows how gambling will always exist anywhere
So the only question is which came first the chicken (prostitution) or the egg (gambling). They probably arrived on the same night to be honest  . But in all seriousness, it does seem like those two industries are evergreen. Seemingly will last longer than functional jobs, even in a broken down society. A financial dystopia is ruin for most, but green skies for profitable gamblers and hosts. |
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Has anyone else noticed that these days, having a university degree does not seem to guarantee a good job anymore? In the US, more than 40% of new graduates are working in jobs that don’t even need a degree! In the UK and Canada, youth unemployment is even higher, and entry-level jobs are much harder to get. Now, for each job, there are more than 100 people applying
A lot of people blame technology (especially AI, robots and automation) for stealing jobs. But the truth is more complicated. Companies are using AI to get rid of simple tasks, yes, but they’re also sending jobs to cheaper countries. And when there are jobs, many companies do not care about your university name anymore. They want to see if you really have the skills or special training for that job. That means people have to pay even more to get extra “certificates” after graduating
Meanwhile, graduates are stuck with debt and stress. Many young people feel lost, frustrated, and even angry, like society promised them something it can’t deliver. In the past, too many frustrated young people has led to big changes. Sometimes for the better, sometimes not. Do you think the old way of working (one job, one company, climbing step by step) is over? Now, I see many young people having several jobs, working on short projects, or even starting small businesses on the side. In a recent report, more than half of workers noticed more people working two or more jobs
Is university still worth it today? Are “extra skills” and certificates just another money-making trick? Has anyone here found success without a degree, or by learning something new outside of school? Is this the start of a new way of working, or just a big mess?
Yes, we have noticed. We have re-entered merit based economics and not paper based. This will be more evident as AI advances and those who can code it will thrive, merit will be the consideration not how SR you are in your now defunct company. No, university is not worth it anymore. It's the start of a new way of life, not just work. A fundamental shift will occur that cannot be undone, but alas the future is brighter. But those who haven't worked on themselves will struggle immensely to begin. But a new age is coming and it won't be where humans are working 33% of their lives. |
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Despite not hitting ATH in USD terms and purchasing power this is a start. It will domino back and forth until, ultimately, things are priced not in USD but in satoshis. Perhaps bits , that might be more catchier.
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If you thought you were gonna stake 100k of TON and then get access to a visa from a country oh boy. Do I got a bridge for you...  But in all seriousness, this could be a collaboration that takes effect in the far future. I doubt it happens in the next 5 years, but if countries get really desperate for cash, I don't know if they would be against selling out (ie they will sell out for some BTC/ETH etc) |
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If Bitcoin reaches or exceeds $5M USD then comfortably you can say you will be living well. But other than that, don't bank on a future where that will make you secure. It can help secure your finances, but shouldn't be all your funds of course.
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Nice haul! I haven't experienced that level of success. But I once did turn $100 into 3k in less than a week. I hope to have your level of sage one day. Again nice haul! |
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That sounds like a lot of leg work and risk. What about a mixer? What about finding somebody that wants to buy or sell IRL and can facilitate a trade? What about P2P markets? There are more options than you present, and I would think them all through carefully before proceeding.
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At one point or the other, we all need to buy bitcoin, but when do you actually buy it? or when is the best moment to buy bitcoin?
For example, should I save some cash to but bitcoin when there's a 0 -15% dip? or should I wait till there's a major drop of >30%?
Is DCA the only way to buy bitcoin? What if I invest in an altcoin that booms and then take profit from it to buy more bitcoin?
What is your strategy to buy bitcoin?
You buy it when you have reserve cash that you won't miss for a long time. Don't buy on leverage. Don't buy with credit cards. Don't buy with loans. Buy when you have the funds. DCA is always the best way. You can gain more exposure to the market, while not crippling yourself financially. As for when to sell alts, nobody really knows that. Everybody is guessing and playing the long game until the long game is gone. I try to find trades that can potentially get me more Bitcoin, and as long as we are in a bull market, those opportunities will certainly exist. |
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How is that not definitive? I had the same answer, and I would believe it to be the only way. Maybe that is naive of me, but thats the way I see it. And it is literally the only answer I can find anywhere else online so gonna roll with it  |
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As the title states, I was pondering whether the nature of open-source software is the way to go. It appears to me coins copy each other all the time. Example BNB copies ETH with BSC. And now BNB copies ETH with BEP-95 update.
Conversely, you see that Uniswap has a closed V.3 atm. I know this is controversial and I support decentralization through and through.
But given that your own protocol could be at stake if you give up critical information, is it best to therefore share the information and keep it open source? Or close the information (for a small period, not forever), so that one can keep a competitive advantage? Food for thought. Discuss.
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Even if poker is a PvP kind of game the casino still has expenses to cover and since they are giving a service and they are using some of their resources to keep the poker tables online then it is natural they take a rake, and as you say this rake is lower than what we see at physical casinos, however I can understand why some may find difficult to profit from it as the number of poker players on those websites is limited and many are decent players so unless you are way above them in terms of skill then you are not getting any profits against them.
I think that you can find online casino or poker room with players who`s skill will be at least not higher then yours own. But the most interesting game is when you`re winning powerful opponents as for me. In such wins you usually getting good profit and good moon. In easy games you can get profit, but mostly it will be less then your normal profit, and surely it will not be fun. The trouble with these smaller and niche poker rooms (e.g. cryptocurrency only) is that they tend to be dominated by sharks. When you're on somewhere like pokerstars there are thousands, if not tends of thousands of players, and lots of new fish sign up each day to leak cash. This keeps the sharks fed while the fish either learn the game over time or drop off. However if you are looking at somewhere like swc where there might be 150 players online, who are spread across different buy-in tables, you'll find that they often know every single player there and how they rank against them. New fish are rare - so they get targeted and wiped out very quickly, which leaves you with a constant low amount of players. It's hard to see a crypto poker site doing well unless we have much wider adoption or a single site throws so much money into advertising they can reach a "critical mass" which draws in a sustainable amount of players (like having at least 1,000 online at any one time) Exactly, poker is a zero sum game, if we want to earn money then someone else at our table needs to lose money, if everyone is a good player and we have a similar level of skill then over the long term the players are just bouncing money around and no one earns anything except for the house with their rake, this means that new players or players with low skill are needed but if their number is low then sooner or later they will give up and you will be back at having the problem of only playing against skilled players, so what is needed is for poker with cryptocurrencies to become way more popular so the influx of new players is constant. You do not need cryptocurrencies do become more popular. You would just need the valuations to increase. If everybody theoretically 10xs from here, then tons will have money to gamble with. And I don't see how a website that is already at critical mass, cant create more volume? Pokerstars surely could add a "cryptocurrency" button and that should surely drive in more revenue right?? I am sure they could, but the time isn't right. |
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I think you will get a mixture of things. You will get a higher bnb fee base price for sure. But that doesn't mean it won't succeed. Solana is heavily centralized as it is and thats why they can offer such cheap transactions and speeds. Sometimes decentralization isn't everything, and the market seems to think that too. In the end, I hope they figure it out because really only Bitcoin is worth holding long term at this moment.
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Is it just my computer or is daedalus mainnet v2.1 not an exe. If so, why is this? Cause I don't how to install it on right now...
Try to launch it again. My first launch of freshy installed 2.1.0#14079 resulted in nearly empty window. After relaunch it runs properly. Also make sure you checked downloaded file using pgp signature. Strangely enough but my first download don't pass through Kleopatra's scrutiny. So I have deleted it and downloaded again, this time Kleopatra has approved it. Good news everyone! (you know what voice to use here) I was able to get the executable and re-install it. Sync takes long but worked. Can start staking now, can't wait for the rewards! |
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Is it just my computer or is daedalus mainnet v2.1 not an exe. If so, why is this? Cause I don't how to install it on right now...
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Hey guys just curious your opinion. Better place to store tomo: trezor or tomowallet? There seems to be pros and cons to both, curious what the community thought best way of storing is. Thanks in advance |
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