PART

gwtrades1790

You a loser for considering selling them and working PART TIME.. dummy

Lannser

$21k was *PART* of your refund?

IAmSomewhatDamaged

For real though… I don’t know what to do. So many people say they’re just going to hodl FOREVER, but shouldn’t I sell at least PART of my bag when BTC goes parabolic to secure some profits before the bear comes back?? I’m definitely gonna be selling a lot of my (limited amount of) Alts, but I’ll probably hodl like 40-50% of my BTC until retirement. I dunno. This is only my 2nd cycle and the first time I’ve been well into the green. I need to sit down and figure out my exit strategy for ALL the coins I hold (if I even want to sell at all)..

ajnsd619

Data, not cope. If you have data to counter the facts I've posted, please do. Only that data matters. Incidentally, I've obtained Solana's financial statements stretching back to December 2020. Wait till you see what the Solana Foundation was forced to reveal in them. Don't worry! I'll notify you when **SOLANA: Bad Tech, Bad Investment PART 2** is posted. 📢

Mordan

> BTC did and nobody complained. BTC goal is to become world reserve currency so getting part of the institutions is PART of the goal duh!

AtensLight

Hi, hi 1maginary\_Friend, good nickname lol If youd like to look at this, ive put together some helpful tips & strategies to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box and not just a stock. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans on the trend line. \[\[\[ Bitcoin was originally for techies. Bitcoins ETF's is something new, and Blackrock are providing a window for institutional investors to get in on the action in a "landscape" they understand. Stocks etc. This is why we are seeing a Pump, its a tidal wave of money coming in from wallstreet - and will result in (we believe) a sustained pump for many years. So if you have some spare savings sitting around in the bank where fiat is losing you purchasing power through inflation. You might consider investing in bitcoin as one lump sum at the moment THEN continue with DCA strategy below. This is to get in on the low price before the “Halving”. The halving is encoded into bitcoin and its where Miners will get paid exactly half the amount they did previously for mining the same amount of bitcoins, thus it makes bitcoin even more valuable. Historically each halving cycle has followed a pump.\]\]\] Dollar cost average (DCA) This is a strategy where you make smaller purchases. Thus it lowers your average buy in price over time. So buying at 50k,52k,54k,56k = means you’ve bought ??? worth of bitcoin at (on average) 53k price If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 50k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create lower average lower price, and smoothing out the ripples. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit on my exchange. That way i have £££ ready for when i see whales create large dips in price this month or week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: Coinbase 0.4%, 0.6% Kraken 0.16%, 0.26% Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. Important: Invest ONLY what you can comfortably afford to do so, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings for DCA. Then, when you see the dips happen, you will be in a position to choose to buy extra during those moments if you wish. PART 2 NEXT >>>

AtensLight

hi 1maginary\_Friend, if youd like to look at this, ive put together some helpful tips & strategies to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. To illustrate this, lets start with £1000 savings: \>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. \>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. \>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. \*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, i wan to let you know that you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: • Coinbase 0.4%, 0.6% • Kraken 0.16%, 0.26% • Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>>

zjovicic

PART 3: 1. When it comes to electricity I agree it's not as bad as I initially thought, and it has the potential to be beneficial in some localities, by incentivizing the development of electricity grid, being buyer of last resort, etc... Especially if it is focused on green energy (for which there are no guarantees though). Methane burning is also a great example of how it can be beneficial, thanks for bringing that up. However, still if the system on the whole is kind of questionable if not net negative, than any kind of environmental damage needs to be scrutinized. Especially electronic waste is a big issue, as it has already caused shortage of chips. Also, have in mind that electronics is difficult to recycle, and that its burning creates toxic fumes. Also some materials used for electronics are quite scarce. Now how serious it really is, depends on how much of all the chips in the world goes to bitcoin mining. I don't know the number, but if it was able to cause a shortage and pump prices of Nvidia stocks, I don't think it's negligible. Still, of all the points I brought up, environmental ones have the least weight in my opinion, and so they are least worthy of discussion. 2. I agree that consumerism is bad, and I agree that people can't save forever. Yes, there will be balance eventually. But before that eventuality comes, if people are averse to spending bitcoin long enough there is still a reasonable chance, that once such aversion to spending slowly fades away and people start spending their bitcoins more, a lot of the paper wealth accumulated in bitcoin might melt away. This is, in fact, how we reach balance. Or, at least, this is one of the possible ways to reach balance. My main point isn't so much about behavior of the people, it's just a simple principle that the only real wealth is wealth in goods, services and physical assets, and the only way for wealth to grow is for such assets to be produced. Note, I am here not talking about consumerism. Consumerism is spending on consumable or disposable goods. But "stacking sats" will also disincentivize people for buying durable goods and building stuff, as long as "stacking sats" gives you greater returns. Eventually some for of collapse, or should I say, rebalancing, is almost inevitable, as, if people don't build stuff, there won't be enough stuff for the ambitions of all those sats that have been stacked. 3. I hope you're right here, and I hope most bitcoiners are reasonable. But the general culture around bitcoin is indeed dominated by the memes that I described (moons, lambos, hodling, etc...) and such culture is influential. Even here on this subreddit, the amount of bitcoin someone owns is seen as a status symbol or some medal for achievement. I think it's very hard to find any other subculture that's so deeply materialistic.

zjovicic

PART 1: Cyclical bubbles and gambling: 1/2. It wasn't so much the criticism of bitcoin as such, but more of the outcomes it has created for many people by making risky investing popular. While you can adopt a smart strategy like DCA, the fact is that most people don't do it, so they lose. Studies have shown that most of the bitcoiner investors lost money so far (https://www.cnbctv18.com/cryptocurrency/around-80-percent-of-bitcoin-investors-have-lost-money-says-a-study-15347461.htm) - so it's maybe even 80 percent. This also explains the concentration of wealth in hands of whales. In each cycle their bitcoin holdings grow at the expense of less sophisticated retail investors. If something is made with best intentions possible, but people are not mature enough to use it in beneficial ways, and there's a potential for harm, it's still irresponsible giving such a tool to people... if you know in advance that people will mostly gamble and not DCA. 3. This criticism is valid for the current phase in which bitcoin is just a speculative asset, that has outperformed stock market so far. I don't know how long it will last, but I think that generally taking money away from the stock market is bad for the economy. However, if current stock market is overheated and overblown, it might even be beneficial at the present time. But as a general principle, pulling away money from stocks isn't so good for the economy. In later phase when bitcoin stops growing fast, this will no longer be a valid criticism, as I think SP500, will once again, start outpacing the bitcoin, as it should.

el_rico_pavo_real

Bought BTC yesterday, bought more FBTC today. I'M DOING MY PART!

littleclinti1

Eny one wants to buy my bitcoin REPLY P,M,A CLINTI IS BK YES IM STILL ALIVE CLEAN AND TIDY Swansea LOVE STORY PART 2 HERE I COME.IV DONE IT ALL PEPS AND THE WANKER THAT SAID I WAS JAIL YOUR ARE FUCKING I KNOW WERE YOU ARE,OR FUCK IT IM Taking YOU TO COURT AS YOU FUCKET AROUND WITH THE ONE AND ONLY LITTLE CLINTI ENY WAY ENY ONE THAT WANTS TO WORK ON YOUTUBE WITH ME GET BK TO ME PLEASE GOOD NIGHT ALL LITTLE CLINTI CLEAN AND WELL STILL ALIVE AND GETTING MARRIED SWANSEA LOVE STORY THE ONE LINTI CLINTI ,PS LEE Dennis IS ALIVE TOO GOODNIGHT ALL CLINTI...

XoLife1Don

>I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. > >To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. > >Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. > >To illustrate this, lets start with £1000 savings: > >\>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. > >\>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. > >\>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. > >If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. > >\*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. > >I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. > >I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. > >\*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, i wan to let you know that you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. > >Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ > >Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: > >Coinbase 0.4%, 0.6%Kraken 0.16%, 0.26%Binance 0.10%, 0.20% > >Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. > >So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. > >When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. > >When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>> Excellent breakdown and that's a great strategy I will definitely integrate this into my Plan, I also started a Forex account which will also aid with my investment into crypto

AtensLight

Hi, ive put together some helpful tips & strategies, to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. To illustrate this, lets start with £1000 savings: \>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. \>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. \>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. \*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. The reasoning behind I do this is, why have my savings stored in a shitty bank account losing value and purchasing power over the coming years due to inflation? When I could be storing my savings in Bitcoin and gain access to its growth. I can always access the money stored as Bitcoin back into Fiat for lifes challenges IF and when I need to later on. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: Coinbase 0.4%, 0.6% Kraken 0.16%, 0.26% Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>>

mxl01

STOP SAYING “soar”!!!! “soar” IS NOT PART OF THE BIP LIST!!!!!

Independent-Space-23

tell me you didnt read what I wrote, without telling me you didnt read what I wrote. tell your A.D.D that today is the day you make your stand and refuse to be cucked by fiat culture where everything has to be explained and given to your immediately with no effort, and re read what I wrote ESPECIALLY THE LAST PART WHERE I COMPARE THE METAL FUTURES MARKET AND BITCOIN YOU HOPELESS APE here, let me do it for you so your inner fiat child can be coddled, like consumer culture coddles you in order to take your finite energy, attention and pseudo fiat wealth: ​ >The answer is that gold derivatives have created a vast imaginary supply of gold -- a supply of paper certificates for gold that does not exist but for which delivery has not been demanded. That's because most gold investors leave their gold purchases on deposit with the investment banks that sold them only promises of imaginary gold. > >Bitcoin fixes this through a publicly held supply check, called the blockchain. Unlike other ledgers, it requires proof of work, not proof of "I run the financial system, I get to fudge the numbers as I please screw you cuck." If you try naked short sell bitcoin, I ask for the ID of your transaction, that must involve real BTC and is for all to see, and see if you really did send X bitcoin to the broker\\exchange in question. PUBLICLY AUDITABLE SUPPLY CHECK CALLED THE BITCOIN BLOCKCHAIN, NOT THE GOVERNMENT SAYING "I have the gold, are you questioning the government whether I actually have the gold? let me lease (borrow and return fyi) the gold from our bank friends at a time and place convenient for us, and put you under our secret surveillance list real quick"

Self_Blumpkin

There’s no single wallet. You can start at the genesis block and use the bitcointalk forums to make guesstimates as to how many of those early wallet addresses belonged to Satoshi. The general consensus is that up to 1 million coins belong to satoshi - satoshi being either a single person or a group of people, either Alive or dead. If one of the satoshi project people is still alive it’s possible they have PART of the private keys to these wallets. But if one of them died / disappeared, that would leave the funds frozen to the others that have the rest of the key. Personally, I think satoshi was dead and I think it was Hal Finney. If he / she is alive they must have enough money that they don't need those coins. Not selling all these years is very contradictory to how humans operate in a capitalist society.

tika_dengu

PART

CapableHair429

I think you are confusing ETP’s with ETC’s. ETC’s are not necessarily trades funds, but rather financial instruments which don’t necessarily have to have backing. ETP’s are the main set of trades instruments; of which ETF’s, ETN’s, and ETC’s are PART OF. If you want to think of it in terms of food. Steak (ETF’s) are red meat, chicken (ETN’s) are poultry, and fish (ETC’s) is seafood….however they are all protein (ETP’s) So….did the SEC approve Bitcoin as an ETP? Yes…absolutely. Did they approve Bitcoin as an ETF? Yes…absolutely. They approved Bitcoin as an ETF; which by natural logic means it is ALSO an ETP. https://leverageshares.com/en/insights/what-is-the-difference-between-etf-and-etp/#:~:text=ETPs%20are%20a%20broader%20category,are%20a%20subset%20of%20ETPs.

sandworm87

Don't forget [BasicSwap DEX](https://basicswapdex.com/) which has been live for over a year now and supports atomic swaps between BTC, XMR, PIVX, PART, DASH, FIRO and LTC.

fresheneesz

> you will find plenty of cases You can always find cases of people being idiots and getting burned. That doesn't mean hardware wallets are unsafe. You of course need to properly use them. > they are still text based, and can be stored just the same. Yes they are text, but storing text is not anywhere near the only thing you need to do with keys. Private keys are static and are only PART of your HD wallet (which is the best practice kind of wallet these days and has been for years). If you generate a wallet with a seed, you should NEVER deal directly with private keys unless you're an expert who knows what they're doing, which anyone reading your comment is almost definitely not. > From one single seed you cannot generate an infinite number of keys, otherwise there would be private key collision from everyone else. You are wrong. Your confidence in your knowledge is misplaced. Please stop now and do some goddamn research. Your simultaneous confidence and ignorance is pissing me off. Have some fucking humility and read more. YOU ARE WRONG. A. Yes an infinite list of keys is generated by all HD wallet seeds B. No there are no collisions because the keyspace is so unimaginably vast that you wouldn't be likely to generate two of the same keys from different seeds even if you tried for the lifetime of the universe! LOOK IT UP. Your intuition is not sufficient to learn this stuff. > You do not realize Fuck your misplaced confidence. You have no fucking idea what I realize. You don't know me. And you know MUCH less than you seem to think. The fact that the blockchain uses private keys is IRRELEVANT to my point. > You only use your seedphrase to recover your private keys This is only possible BECAUSE private keys are generated using the seedphrase. You CAN generate bare private keys and use them, but this is NOT best practice and is NOT how most bitcoin software does it these days. Please read: your information is shit and you are not qualified to give information and advice to others in this area. STOP FUCKING DOING IT. Do you really want to be indirectly responsible for other people losing their bitcoin because you gave shit advice? No you don't. So do A LOT more reading before you start feeling confident in giving advice. Its infuriating to see people like you confidently tell newbs idiotic bullshit that will likely cause them immense pain in the future. Shut the fuck up if you don't know what you're talking about.

xlf42

1. get yourself a wallet, a wallet on your smartphone will be perfectly fine if you're starting with a small amount (lets say... similar to what you earn per day or so), use a search engine with "bitcoin wallet <yoursmartphoneoperatingsystem>". 2. configure the wallet, this involves reading and noting down 12 or 24 words and storing them in a safe place (DO NEVER SKIP THAT PART!) 3. learn, how to operate the wallet to receive Bitcoin 4. the lowest barrier might be using a Bitcoin ATM to use cash to buy your first Bitcoins (rather satoshi, as you won't and shouldn't set aside so much in your first try), so use a search engine "Bitcoin ATM <yourhomecountry>". This won't be the cheapest way, but it will get you some initial funds to get a feeling, how it works. 5. Maybe your wallet has a "buy bitcoin" button, feel free to see, how it works for you (it will require some signing up with some exchange)

el_rico_pavo_real

It’s wild to think how many individuals AND entities exist with this kind of purchasing power. I will continue my random $1-2K Lump Sums and Weekly $100 DCA. I’M DOING MY PART!

AbysmalScepter

This is a "feel good" ad since it's true, but it's so shameless to imply crypto is even better. Let's just disregard the sector's blow ups over the last 2 years, from 3AC to FTX to Luna. This ad is run by Coinbase, which is very intentionally doing its best to be PART of the system. Publicly listed, uses treasuries to earn yields, rentseeker making bank of customers' trading fees, etc.

Serious_Ocelot_9836

>it’s a long string There are multiple representations of a [private key](https://en.bitcoin.it/wiki/Private_key). Some are: * raw hexadecimal private key: 64 characters long (made of numbers and letters A-F). * (standard) WIF key (Wallet Import Format): 51 characters long, starts with number 5 or 52 chars long starting with capital letter L or K. * mini private key format or mini WIF: 30 characters starting with capital letter S. * in the case of WIFs of any kind, other characters in the string are made of [base58check character set](https://www.cs.utexas.edu/users/moore/acl2/manuals/current/manual/index-seo.php/BITCOIN_____A2BASE58-CHARACTERS_A2). You may also have a [BIP39 seed phrase](https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki) which is made of 12, 15, 18, 21 or 24 short words. There more esoteric options out there not widely used like BIP32 extended private (long string starting xprv...). DO NOT GIVE THE KEY YOU HAVE TO ANYONE. YOU MUST NOT GIVE EVEN A PART OF THAT KEY because if you reveal to much of it (and you don't know how much is too much), it may be possible to discover the rest of it and steal your Bitcoins. However, it is safe to indicate which one of the above you have.

IndicationFront1899

I don't need a crystal ball because that's not how this works. **PART OF THE PLEA DEAL STIPULATES THAT BINANCE.COM MUST EXIT THE US MARKET 100%.** Binance was absolutely fucked. You think CZ wants to go to prison and Binance wants to pay a $4 billion dollar fine? They had no other choice. Next time actually read shit before spouting your stupid opinion.

DistinguishedJB

The Dollar Endgame: PART 1, “A New Rome” https://peruvianbull.medium.com/hyperinflation-is-coming-the-dollar-endgame-part-1-a-new-rome-65a4caf59f51

MiceAreTiny

So,... most people on here have 'beer money' in bitcoin, at most 'second hand pickuptruck' money. You can do whatever with it, it is not going to matter a lot... However, once you have retirement money or multiples of your yearly income money, you need to think further than Yolo hodl. Moon, NGU when lambo? You consider it an investment, and you consider bitcoin to be part of your investment portfolio. PART. Every idiot that goes 100% in has no money to begin with. Set up a financial plan, an asset allocation and a risk tolerance that fits for you. This could be 5% cash, 50% stock, 20% bonds and 25% bitcoin for instance. After that, it is simple, stick to the asset allocation in your plan. If bitcoin goes up 100%, you sell bitcoin until it is only 25% of your entire portfolio. You do not sell for fiat, you sell for other assets, like stock in coca cola or johnson and johnson, or simply the SP500 ETF (let the downvotes come). Then, when your portfolio reaches 25-30x your yearly expenses, you go and tell your boss to go fuck himself, and enjoy the rest of your life. Does that make you not a believer in bitcoin? No. It makes you use bitcoin and increase your life happiness. And at the same time, derisk from a volatile risky asset. Is this the optimal strategy? That can only be assessed after the fact, so there is no way of knowing.

AsiaLounges

While you should invest A PART of that in Bitcoin for security, one should never invest 100% into a single asset, specially if that’s the entirety of your revenues. Consider bitcoin to be a saving account that you are willing to lock for 5-10 years, do you have the willpower to let your hard earned money stuck in there regardless of ups and down ? Agreed, you could sell and move on before then if you so wished but, if you’re in for the quick buck, you’ll be wiped out at the first pull back of the market and you’ll be disappointed/ turned of by the asset. If I were you, and you truly intend to invest all of that money, ladder in slowly whatever you are comfortable “loosing”. Assume that whatever you pull in won’t come back. Not because you will, but because if you truly get orange pilled you won’t want to turn back your btc into fiat :) And with this I rest my case :) P.S. most of my liquid savings are in crypto with 70% of that being in btc but, I still have other hard assets in case the shit hits the fan / that allows me to generate money to pay daily expenses in my company / life as well as to keep in stacking sats :) good luck on your journey young one

automatedcharterer

Funny the CEO stating illegal activities are bad.... Lets see. Here is the form ADV from just one of their numerous companies. [JP Morgan Securities LLC](https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf) in the 396 page PDF if you search for the term "Monetary/Fine" you can find every time they got fined for breaking the rules / law. Its just an endless stream of crime..... And this is only one subsidiary of all of JPM that does one aspect of stocks. >THE ORDER REQUIRES JPMC TO PAY A CIVIL MONEY PENALTY OF $200 MILLION, WHICH WAS PAID ON SEPTEMBER 19, 2013. AS PART OF THE SETTLEMENT, JPMC ACKNOWLEDGED THAT ITS CONDUCT VIOLATED THE FEDERAL SECURITIES LAWS AND ADMITTED TO CERTAIN FACTS, SUCH AS BUT NOT LIMITED TO: THAT JPMC'S TRADERS MISMARKED THE SYNTHETIC CREDIT PORTFOLIO ("SCP") AS LOSSES MOUNTED AND AS A RESULT OF THESE MARKING PRACTICES, THE SCP TRADERS INTENTIONALLY UNDERSTATED MARK-TO-MARKET LOSSES IN THE SCP; JPMC'S EARNINGS RELEASE FOR THE QUARTER ENDING MARCH 31, 2012, INCLUDED THE UNDERSTATED LOSSES FOR THE SCP, AND JPMC SUBSEQUENTLY ISSUED A RESTATEMENT WHICH HAD THE EFFECT OF MOVING SCP LOSSES FROM THE SECOND QUARTER TO THE FIRST QUARTER OF 2012

solarman5000

[https://particl.io/coin](https://particl.io) PART is a fork of BTC, with features from XMR added. Pretty cool I think

MrMogz

I’ve thought it for years, either he WAS Satoshi or he was PART OF Satoshi. Without a single doubt.

TheOneWhoCared

AND WE ARE PART OF IT!

126270

"strict crypto regulation" I mean, we had over 250 years of "strict banking regulations" in place and SVB was still committing massive fraud while the co-author of the Dodd-frank bill was PART OF THEIR BOARD OF DIRECTORS. Heck, the fed even paid millions for his bonus right out of taxpayer funds... So yea, lets get that "strict crypto regulation" in place to "save us" lololololol

PokeVentRoss

No, no, it’s was very much made to REPLACE the current financial shit show, it was made very much to make fiat redundant. If it becomes PART of the financial system we currently have, then we have failed, and crypto is no more.

somerandomcanuckle

No. That would be foolish. The only free lunch in investing is diversification. BTC is an asset class that should be PART of the mix not all of it.

dubyasquared

NCIS NEW ORLEANS ‘LEDA AND THE SWAN, PART II Was from 2014. So pretty on point for use-case at that time. You can read the transcript here. https://tvshowtranscripts.ourboard.org/viewtopic.php?f=35&t=42582 Probably search Bitcoin on the site for others too.

cryptoripto123

This is why I said... you already had that chance with where crypto is today. You had that chance with many stocks (TSLA, AAPL, other FAANG stocks, etc.). Ask yourself why you weren't there and how if it's so easy why isn't everyone else filthy rich from all these massive moons? This is why as much as I'd love to be super lucky too like winning the lottery or finding the next moon coin, I advise people to think of crypto as a PART of their asset allocation. Make sure you focus on making money from a good paycheck. Put money into safer investments like ETFs and 401ks. Max out your 401k or IRA before you start throwing thousands into crypto. Build up your house fund or your kids' college fund first. It's fine to throw $100 into crypto for every $1000 you put into 401k, but you shouldn't be putting $100 into crypto when you've put $0 into your long term savings. Don't get hurt kids.

yesweyolo

Remindme! 700 days I NEED TIME FOR THE GOOD ENDINGS PART

HODL-THE-LINE

I guess more like a PART of physical art. So in theory you could own 0.00001 % of Mona Lisa.

Umpire_State_Bldg

> What's the point of working ...? For me, living my childhood dreams -- that's been the point of working. I started in poverty with nothing and WORKED my way up. Now I drive a decent car, one that doesn't break down all the time... one that I never have to fix - I can pay the mechanic. I no longer live in roach-infested apartments with thin walls, noisy plumbing and obnoxious neighbors. I live in a dream home in a very nice part of town with my loving partner. I can go to just about any store or restaurant and buy whatever I want, as much as I want. I can drink whatever brand of wine, beer, or booze I want - no need to shop by price. I can still go car camping if I choose, but I often choose to vacation in places like Paris, staying in fine hotels and eating at fine restaurants. I **worked** and earned the ability to make that choice. I don't owe anybody any money. Am I the richest person I know? Not by a long shot when measured in fiat currency. Still, I get to live out my dream life. Am I making the owners of the companies I work for rich? Hell yeah - that's my job, that's why they hire me. I'm okay with that. They pay me well because I spend the time and effort to keep learning new skills to allow me to earn more and more. If you're stuck in a dead end, minimum wage job, either do what I did or shut the fuck up and learn to enjoy the life and career you choose. **HERE'S THE BEST PART:** Along the way, I learned a lot of things: * You won't be happy having what you want until you learn to want what you already have. * You can be rich and still be miserable. * You can be poor and still be happy. * Be thankful in **all** situations (easier said than done). * Take care of your health - or else. * Get enough sleep. * Relax. * Be patient. * Never stop learning.

harshcougar

Crypto is PART of the problem. It's like the idiots that say guns dont kill people, people do. Yeah ok sure, but guns are literally a tool with a singular purpose, which is killing. I say this as someone who has guns and respects the 2nd amendment - while also acknowledging that guns make it much easier to kill people. It's the same with crypto. Scammers are attracted to crypto because it's a great tool for scamming people. There are so few viable legal use cases for crypto, because a decentealized public ledger isn't actually a good thing for most legal endeavors. Everything is a tool. Everything can be misused. Saying "crypto isn't a scam people are scammers" is a nothing statement. The reality is that the crypto world has become filled with a bunch of con people all trying to pull one over on the few people still thinking they're gonna get in on the ground floor of the next Bitcoin. You're not. Treat it as an investment. It's a gamble. But there is nothing game changing about crypto anymore.

cryptoripto123

1. Have some basic financial knowledge. 2. Get a job and a steady income 3. Worry about your fiat life first and set that in order before you get into crypto. 4. Crypto should be a PART of your asset allocation, not the whole thing. 5. I believe a max of 5-20% of investment into crypto is fair. The numbers may differ if your 5% moons and becomes 95% but that's not that many of us. My fiat life has been 100% independent of crypto and I as a millennial was able to buy a home, so success isn't only obtained through crypto. Working hard, working smart are still your best bet for success, not hoping your coins moon.

codece

PART TWO: > Blockchain analytics provide law enforcement investigators with an important piece of the blockchain puzzle—mapping the flow of cryptocurrency belonging to specific people and groups. Greater regulatory scrutiny of cryptocurrency exchanges has also helped. Exchanges have stepped up systems to identify the parties they do business with—under so-called know-your-customer requirements—and are more responsive to law-enforcement inquiries. > > A host of blockchain-analytics companies, including Elliptic and CipherTrace, which is owned by MasterCard Inc., have sprung up. Many of them have hired federal investigators who spearheaded the government’s first cryptocurrency investigations. > > Ransomware victims worldwide paid at least $457 million last year to bitcoin addresses controlled by criminals, according to Chainalysis. Ransomware refers to hackers locking up a computer network by encrypting hard drives and demanding money to reopen them. Blockchain-tracking techniques have made it possible for federal officials to recover more stolen funds, which has contributed to a slowdown in ransomware payments. The DOJ has seized about $40 million in ransom payments as of November, according to Eun Young Choi, the director of the DOJ’s national cryptocurrency enforcement team. > > In January, about 150 people gathered at a Palo Alto, Calif., community center to learn more about the new investigative tools, including a Los Angeles County Sheriff’s Department detective, a prosecutor from New York’s Queens district attorney’s office and a police cybercrime investigator from Calgary, Alberta. > > Conference organizer Erin West, a Santa Clara County, Calif., prosecutor, described how her county recovered more than $2 million in stolen funds last year from victims of an online scam known as “pig butchering.” The scheme involved offshore criminals befriending victims via text and persuading them to put money into phony crypto investments. > > Chris Janczewski, a former IRS agent and now the head of global investigations at TRM Labs, told the story of his rise from auditing small-town tax cheats to his work helping break up a global child-pornography distributor. Like many pioneering blockchain investigators, Mr. Janczewski said he was largely self-taught. > > “Chris is the real deal. He’s a detective’s detective that happened upon cryptocurrency at just the right time and figured out how to use the blockchain to identify horrific perpetrators of crimes worldwide,” Ms. West said. “He didn’t have any tools at that time. He just figured stuff out as any good detective would.” > > Mr. Zhong told people he had been bullied growing up in Georgia. As a high-school junior, pranksters pulled down his pants while he was at a football game, according to court documents filed in his defense. “I always hated school,” he said in the documents. “At least upstairs in my house, I was myself being on a computer.” > > Computers also provided a financial escape. Mr. Zhong was a cryptocurrency pioneer, who in 2009 was mining hundreds of bitcoins a day. They weren’t worth much at the time. But by the time he was in college, he converted some of his digital wealth into $700,000 in cash. He wanted to have a “case full of money like in the movies,” Mr. Zhong said, according to a psychological assessment filed with the court. “He hoped the visual appeal of the cash would impress a female into having sexual relations with him. He stated his plan did not work.” > > For five years after the Silk Road theft, Mr. Zhong sat on his digital treasure. In 2017, he embarked on a $16 million spending spree, much of it spent trying to win friends, according to court papers and his lawyer, Michael Bachner. Mr. Zhong gave away 258 bitcoins, many of them on digital devices each loaded with 50 bitcoins and now worth close to $1.5 million. He hosted friends on chartered planes and boats, at sporting events and in fancy hotels, according to court papers and Clayton Kemker, a former bond salesman who became Mr. Zhong’s business partner. > > Mr. Zhong made his big mistake on Dec. 16, 2020, according to court records and an analysis of his bitcoin transactions by Elliptic. He combined crypto funds the IRS had linked to the Silk Road thefts with legitimate funds he kept in a cryptocurrency exchange. > > With Mr. Zhong’s Silk Road link in hand, authorities went to the bitcoin exchange that handled the transaction. The exchange gave IRS agents an IP address, 45.20.67.1, and Mr. Zhong’s internet service provider confirmed that he had been using that address since 2016. A month later, federal agents searched Mr. Zhong’s house and found the digital storage devices that helped clinch the investigation. > > The government seized more than 50,000 bitcoins from Mr. Zhong, which at the time were worth $3.36 billion. A DOJ spokesman declined to comment on the case. > > Messrs. Zhong and Kemker had planned a real-estate development that was to encompass 340 apartments, 60,000 feet of retail space and a rooftop bar in Memphis, Tenn. Mr. Zhong pledged $42 million for the project, which has since been abandoned, Mr. Kemker said. > > The partnership with Mr. Zhong cost him his life savings, Mr. Kemker said. “He didn’t know how to navigate the business world. He just knew coding and tech.” > > Write to Robert McMillan at robert.mcmillan@wsj.com

PopDukesBruh

I bought .005 today… DO YOUR PART!!!

Temporary_Privacy

The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. \_ \_ \_ \_ IMPORTANT PART starts here (the PART ABOVE IS NOT SO IMPORTANT) \_ \_ \_ \_ \_ \_There was on part I actually have to say something about, because it kind of bizare from my point of few. Your are saying:"As such, this index makes such a claim that perhaps sqrt3(0.2 \* 1.0 \* 1.0) = 0.585 and sqrt3(0.5 \* 0.5 \* 0.5) = 0.5, which in other words says "A country where you almost certainly die very early is still better than country where you get less education and earn less income". This is absolutely ridiculous of course."In your example: case 1 - you would live 37 Years on average with very high education with super wealthy country. case 2 - you would live 62,5 Years on average with less than 8 years of school (so fairly uneducated) and a gdp per capita of around 2738 Dollars/year. It's like living in Ghana or may be closer to the republic /rep./ of Kongo from an economy standpoint.So to break down your example the question is: Would like the question would you like to live 62,5 years in Congo or 37 years in Singapore/Norway ? 4.1) This is not a model to make predictions about personal choice or a strict hierarchy. There is an underlying assumption, but it is not the purpose of this model. There is an own discipline that will evaluate these choices and what people would consider better. 3.2) This is a model to compare different nations in the boundaries of a certain degree of complexity. The multiplication is used to generate a factor that depends on all the other factor and will rise with them if they increase. We could even ague that it includes a penalty if one factor is very low compared to the others. 3.3) and also you ARE VIOLATING THIS MODEL, by creating an artificial scenario which does not appear natural. The numbers are correlated, which means that you will not see a country with statistics like Case 1. I don't even feel like you broke the model, with your example, but it's also out of the scope of anything you will probably see.You are criticizing a model FOR NOT BEING PERFECT in any aspect, which it's clearly not claiming to be. It's just a more or less "easy" to calculate factor to quantify something, which works astonishingly good. It is also clear that you can "put in" only a limited amount of information in one number. - - - REMARK - - - The far more interesting topic was the Bitcoin question. From the Last Part of my last answer.I don't really want to go into the HDI so much.

Temporary_Privacy

The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. \_ \_ \_ \_ IMPORTANT PART the PART ABOVE IS NOT SO IMPORTANT \_ \_ \_ \_ \_ \_There was on part I actually have to say something about, because it kind of bizare from my point of few. Your are saying:"As such, this index makes such a claim that perhaps sqrt3(0.2 \* 1.0 \* 1.0) = 0.585 and sqrt3(0.5 \* 0.5 \* 0.5) = 0.5, which in other words says "A country where you almost certainly die very early is still better than country where you get less education and earn less income". This is absolutely ridiculous of course."In your example: case 1 - you would live 37 Years on average with very high education with super wealthy country. case 2 - you would live 62,5 Years on average with less than 8 years of school (so fairly uneducated) and a gdp per capita of around 2738 Dollars/year. It's like living in Ghana or may be closer to the republic /rep./ of Kongo from an economy standpoint.So to break down your example the question is: Would like the question would you like to live 62,5 years in Congo or 37 years in Singapore/Norway ? 1.1) This is not a model to make predictions about personal choice or a strict hierarchy. There is an underlying assumption, but it is not the purpose of this model. There is an own discipline that will evaluate these choices and what people would consider better. 3.2) This is a model to compare different nations in the boundaries of a certain degree of complexity. The multiplication is used to generate a factor that depends on all the other factor and will rise with them if they increase. We could even ague that it includes a penalty if one factor is very low compared to the others. 3.3) and also you ARE VIOLATING THIS MODEL, by creating an artificial scenario which does not appear natural. The numbers are correlated, which means that you will not see a country with statistics like Case 1. I don't even feel like you broke the model, with your example, but it's also out of the scope of anything you will probably see.You are criticizing a model FOR NOT BEING PERFECT in any aspect, which it's clearly not claiming to be. It's just a more or less "easy" to calculate factor to quantify something, which works astonishingly good. It is also clear that you can "put in" only a limited amount of information in one number. - - - REMARK - - - The far more interesting topic was the Bitcoin question. From the Last Part of my last answer.I don't really want to go into the HDI so much. 1) Comparing the US with other Nations still makes sense its overall picture. States also don't have their own foreign policy and follow the overall agenda. You could look on it on a state for state basis but you also have diffrent states in other countires. Eurpean countries are also devided in staates with diffrent laws, while they are mostly far closer together with theire legislation.

crusafo

You pose a point of view that is extremely interesting to me. Before I go further, I want to clarify that I support your decision to not accept crypto for payment -- this is your choice, your right, and your prerogative. Although I hope to persuade you to reconsider. I am a developer working on application(s) to assist business owners connecting with people who want to patronize a business with crypto payments, utilizing EVM compatible networks like Polygon, Cardano, BSC, Fantom, Arbitum, Moonbeam, etc. I am obviously biased because of my interest and the time I've staked into development, and my own hopes for finding success through my work. I find your post very interesting because you are my target market that I hope to convince to use my service: it looks like I've got a lot of work to do. After reading through this thread and seeing the majority of the people in here supporting your decision, I'm actually quite puzzled by their responses? (though I do find it wholesome the level of support they've given you) We talk a lot about our movement as a "power to the people" / "grassroots thing" but it sounds like the majority of commenters on this thread want/expect large corporations to be the tip of the spear -- that is to say they seem to want the most stodgy/conservative/old-school companies, who are completely plugged into the existing banking infrastructure and who receive preferential treatment from said banking structure, to lead the charge into a crypto mass adoption The reality is likely that those folks are going to be the laggards on the adoption curve, the very last of the last. IMO the large industry titans will not adopt crypto (as an accepted payment method) until they realize they are missing out on potential profits, then they will capitulate and splash down into the networks with all sorts of marketing/commercials crowing about how "innovative and supportive" they are for making their "bold and brave choice" to support crypto. To me, and speaking only for myself, mass adoption truly means crypto becomes a viable alternative payment method to traditional payment systems. This means that businesses small and large accepting crypto up and down the supply chain as an alternative payment, and potentially even including a future where employees can safely be paid in crypto, all without ever having to convert to fiat to conduct their own personal day to day business. This implies that businesses of all shapes and sizes getting onboard, not just the titans. If I may, I would like to respond to some of your concerns: "Crypto is volatile" -- Stable coins are a thing for a reason. Do stable coins have some issues? Yeah they do, but there are a lot of people working tirelessly to improve this situation and find solutions to those issues. If stable coins aren't your thing, other commenters have pointed out that there are settlement gateways that charge minimal fees and will instantly convert crypto received into your preferred local fiat. Presto chango. Additionally there have been rumors and rumblings about the Fed implementing a CBDC, which I despise, but nevertheless would be a cryptocurrency, which would more or less force all businesses to accept their CBDC as legal tender. "Tax complexity" -- I don't know where you are located, (disclaimer: I am not a Lawyer, always get certified financial/tax/legal advice) but here in the US the taxation becomes an issue when crypto is held as an investment -- mostly revolving around capital gains tax. If you were to use a crypto payment gateway like mentioned above, you aren't holding crypto at all, in fact it only hits your hands after its been converted to fiat. Your tax liability for capital gains is very likely nil (again this is not financial/legal/tax advice). "No good reason to adopt crypto" -- crypto was created in response to USD debasement -- aka "dilution" of the US dollar from the money printer going BRRRRRR, and banking crises like 2008, but the ultimate aim is to take the power of banking out of the hands of the elite and powerful and give it back to the people -- to blunt the edge of the weaponized financial system. I invite you to read the sobering five-ish part essay written by reddit user peruvian\_bull and posted over at superstonk titled "[Hyperinflation is Coming- The Dollar Endgame: PART 1, 'A New Rome'](https://np.reddit.com/r/Superstonk/comments/z8wus9/hyperinflation_is_coming_the_dollar_endgame_part/)" (I hope r/CryptoCurrency mods allow me to post that link, I'll take it down if they aren't happy with it; the links to the other parts of the series are in the header of the post). During the pandemic the US government minted 80% of the dollars in circulation, adding to the inflationary pressure we are all experiencing today, and you can be certain they will mint more dollars year after year, as congress hasn't had to actually deal with deficits -- they just abuse the system to print more and more -- since we were on the gold standard nearly 100 years ago). If you want to trust the Fed, and congress and big banks, you are of course allowed to do so, but to deny there aren't large cracks forming in the foundation of the global financial system is to deny reality. As a tangent, I find it fascinating that the people who've adopted crypto into normal routine daily life are living in places like Venezuela, that have experienced hyperinflation -- crypto has become the backbone of the thriving black markets for normal goods due to the hyperinflation of the Venezuelan Bolivar and is starting to make its way into everyday life. Countries like El Salvador adopting BTC as legal tender are also fascinating financial experiments too. It should be noted that the people living in these countries are largely "unbanked": living under sanctions, hyperinflation, or corrupt governments, or all of the above; meaning western banking systems refuse to offer them any service: they can't open accounts, deposit money, get debit/credit cards or get loans from western banks. Their literal only options are using local fiat or crypto. "Paying extra fees" -- if your business accepts credit card payments you are already paying fees, and you have the added risk of chargebacks. Crypto at least eliminates the chargeback risk -- all transactions are final. As for the fees, with a bit of work on your end you could potentially find a service with acceptable fees if you don't want to hold crypto. "Usage complexity" -- I actually agree with you on this point, the average person is so technologically inept they can barely manage operating a smart phone or internet browser let alone a crypto wallet. The industry is aware of this issue and is persevering in creating easier to use applications that cater to the "lowest common denominator". If people can figure out how to use apps like Paypal, Venmo, Zelle, etc., it seems reasonable to me that they would be able to figure out how a crypto wallet works... eventually... In conclusion, I wish you health, wealth, happiness, and freedom. I support your right to make your own decisions for your own best interest. My opinions don't matter, but I hope to be able to make you and others like you reconsider your decision to reject accepting cryptocurrencies. Thanks for making this interesting post, its definitely stimulated me and given me insight into the concerns of small business operators and ordinary consumers and given me things to think about, and for that I'm grateful to you and all the other commenters chiming in.

grndslm

This is the surface level answer. The underlying answer that 100% of the below comments missed is that Bitcoin is an unstoppable, uncorruptible, unconfiscable, non-counterfeitable, instantly verifiable monetary network that's literally designed to store its value over the long term (as it's monetary attributes are literally modeled after gold, hence the "digital gold" moniker).... AND THE MOST IMPORTANT PART.... is that it's based on the concept of trust minimization above all else. Anybody who has read the Whitepaper will see Bitcoin is all about trust minimization, which most other currencies sacrifice for some reason or another. The system is literally designed to work without ANY trust in ANY human intermediaries, because there really aren't humans in the system at all. Bitcoin is essentially the first AI network of storing and transferring monetary value... with no human decisions and no human trust necessary.

cryptoripto123

Sure, getting super lucky with price mooning is great, but how many of you have your finances in a good state? If you managed to put away $100 / month for the last 12 years since this Tweet, you'd have $25,000 while contributing only $14,000. I know that doesn't sound like a sexy return, but this is basic compounding returns that has existed forever. This is how people retire after working 30-40 years. Now you can ignore that, and hope you can get lucky and your investment into Bitcoin will be enough to retire with or you can do the smart thing and make both Bitcoin and traditional finances a PART of your portfolio. Diversification, and discipline are important. You may get super lucky or you may get super unlucky, but doing nothing is the worst of all.

mperklin

This marketplace uses its own blockchain for consensus, and demands payments be made using PART, their native token. BTC is not accepted.

cryptoripto123

You don't need to DCA out. That's why it's important that crypto is only a PART of your savings plan. If you're not DCAing into your regular savings, your 401k, your IRA, etc. then you're not supposed to be into crypto. People who DCA $75/month but have ZERO savings are effectively just throwing money at the lottery hoping to change their lives.

nofo11ow

So to finish /u/Jive_Turk's Q: I Someone trades BTC for stable coin on a DEX for more than what they acquired it. No 1099 forms. PART I = They must file CGT II Afterward swaps those stable coins for USD, there's no gain. Still no 1099 forms. PART II = no taxes are due.

peepoPuts

https://twitter.com/DeItaone/status/1615755576201314326 CRYPTOCURRENCY WEBSITE BITZLATO SEIZED 'AS PART OF A COORDINATED INTERNATIONAL LAW ENFORCEMENT ACTION' - NOTICE POSTED TO SITE bahahaha

massband

CRYPTOCURRENCY WEBSITE BITZLATO SEIZED 'AS PART OF A COORDINATED INTERNATIONAL LAW ENFORCEMENT ACTION' - NOTICE POSTED TO SITE pmpit

0010_0010_0000

Yeah agreed It's pretty telling when someone like Robinhood is even still allowed to operate despite getting hit with $50M+ in fines in 2020 and 2021 2 separate times for misleading investors and erroneous margin calls on 100,000s of customers. pay your fine, take your FINRA disclosure, and keep stealing people's money is their MO. They were accused of and paid the fines for the below once in 2020 and again for the same crimes in 2021. From FINRA they are in trouble because because they... NEGLIGENTLY COMMUNICATED FALSE AND MISLEADING INFORMATION TO ITS CUSTOMERS INCLUDING THAT THE FIRM NEGLIGENTLY MISREPRESENTED TO CERTAIN CUSTOMERS THAT CERTAIN ACCOUNTS WERE NOT MARGIN-ENABLED, FALSELY TOLD CUSTOMERS THAT THEY COULD DISABLE MARGIN, AND DISPLAYED INACCURATE CASH BALANCES AND BUYING POWER CALCULATIONS TO CUSTOMERS. ADDITIONALLY, THE FIRM NEGLIGENTLY MISREPRESENTED THE RISKS ASSOCIATED WITH CERTAIN OPTIONS TRANSACTIONS AND THE ACTIONS THE FIRM WOULD TAKE WITH THOSE POSITIONS ON ITS CUSTOMERS' BEHALF. FURTHER, THE FIRM ISSUED ERRONEOUS MARGIN CALLS AND MARGIN CALL WARNINGS TO OVER 100,000 CUSTOMERS AND DISPLAYED INACCURATE ACCOUNT INFORMATION TO MILLIONS OF CUSTOMERS. IN ADDITION, THE FIRM MADE FALSE AND MISLEADING CLAIMS TO MILLIONS OF INDIVIDUALS IN PROMOTIONAL MATERIALS FOR ITS "CHECKING & SAVINGS" PROGRAM, AND NEGLIGENTLY MADE MISSTATEMENTS TO MILLIONS OF INDIVIDUALS IN PROMOTING ITS "FREE STOCK" PROGRAM. THE FINDINGS ALSO STATED THAT THESE VIOLATIONS OCCURRED, AT LEAST IN PART, BECAUSE THE FIRM FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, AND FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE WRITTEN SUPERVISORY PROCEDURES (WSPS), THAT WERE REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH FINRA RULES. THE FINDINGS ALSO INCLUDED THAT THE FIRM FAILED TO EXERCISE REASONABLE DUE DILIGENCE BEFORE APPROVING CUSTOMERS TO TRADE OPTIONS. ALTHOUGH THE FIRM'S WSPS ASSIGNED REGISTERED OPTIONS PRINCIPALS THE RESPONSIBILITY OF APPROVING ACCOUNTS FOR OPTIONS TRADING, THE FIRM, IN PRACTICE, RELIED ON COMPUTER ALGORITHMS WITH ONLY LIMITED OVERSIGHT BY FIRM PRINCIPALS. THIS SYSTEM SUFFERED FROM A NUMBER OF FLAWS AND THE FIRM FAILED TO EXERCISE REASONABLE DUE DILIGENCE BEFORE APPROVING THOUSANDS OF CUSTOMERS WHO DID NOT SATISFY THE FIRM'S ELIGIBILITY CRITERIA OR WHOSE ACCOUNTS CONTAINED RED FLAGS THAT OPTIONS TRADING MAY NOT BE APPROPRIATE FOR THEM. https://brokercheck.finra.org/firm/summary/165998

walmartjeans

If we buy more coins, the price goes up. I just sold my favorite Pokémon cards to buy more. DO YOUR PART

gmhiker33

Plan to hold (Yes, I know it's "Hodl" for the bitcoin community but whatever) long term (4 years or more) but if you see another way of making an average of 80% yield over long periods of time then go ahead and swap out PART of your bitcoin (if you are ahead only) for the alternate investment. What percentage that "part" is depends on your conviction that the alternate investment is sound.

suuperfli

Why should self custodied Bitcoin be just PART of your portfolio ?

Gerstacker

You're still not grasping my argument. Mostly you're talking about things that you can barter for with crypto. [Assuming a willing counterparty!] Things you get when you PART WITH your crypto. I'm talking about why anybody would choose to hold any quantity for any length of time. I hold my car because I can drive it for as long as I own it. I'm not thinking about trading it for something else. Voting on governance of what, something real? Or something crypto? Easy with the projection. He with heavy bags has the thin skin.

mcfool123

How to recover your coins and NFTs from your secondary MetaMask wallet accounts? I can easily use Etherscan and all other blockchains easily with my main wallet address but when I added secondary accounts and got different wallet addresses under the same seed phrase ALL of my secondary accounts are gone and seemingly unrecoverable. I deleted my wallet because I had accumulated so many junk wallets over the years with little to no coins or NFTs. Also I wasn’t sure if I’ve ever accidentally stored my seed phrase in an unsafe place like a snapshot that then got sent to the cloud. Which most people who invest in crypto know can be easily accessed by someone who is determined and know what they are doing. I pretty much ignored this tbh until I looked into the subject further and realized just how vulnerable my assets really were. So after deleting my wallet I started a process of importing all of my known seed phrases into MetaMask. As I was finishing this process it occurred to me that I was missing ALL of my NFTs. I guess by chance and not knowing exactly how MetaMask worked at the time I was depositing some of my coins and I’ll be damned ALL of my NFTs into secondary accounts. I have no idea how to get back some valuable NFTs, Reddit Avatars included, which are my favorite NFTs. The idea is to put all of my crypto into one safe wallet that I have never used and has yet to be created. I’m creating an absolutely secure vault of a wallet that I know that I am the only person on the planet to know the seed phrase for 100000% sure. PLEASE HELP ME RECOVER MY CRYPTO FROM ALL MY SECONDARY ACCOUNTS ON METAMASK. THIS IS BULLSHIT ON THEIR PART AND ALMOST SEEMS INTENTIONAL. IT SHOULD NOT BE THIS WAY! &#x200B; If you don't have the recovery seed then you are SOL. Sorry for your loss, RIP RIP RIP.

Red5point1

If they are operating as an exchange and hold 100% of customer funds 1to1 then, they should be fine and should not go down. But if they are not then it serves them right to collapse and regardless of the impact on crypto, it will be the best out come for the long run. tl;dr Get your coins out of exchanges, they are not banks stop using them as banks. If you keep your coins in exchanges YOU ARE PART OF THE PROBLEM. The sooner this type of activity stops the sooner we get to see real world crypto usage.

geekbread

The Dentacoin shillers on this sub are bullish about its future. I do not believe it has a future. PART FIFTY THREE. The opposite of a shill post.

Loose_Finding

Anyone know what is going on with Particle (PART)? It's almost back at nov 2021 prices, and I'm almost in the green again.

PoopyInThePeePeeHole

But it's all PART OF THE CYCLE. Bitcoin will ALWAYS GO UP after it goes down. /s

IcArUs362

You understand that CEXs WILL ALWAYS BE A PART OF THE ENVIRONMENT right? And there's always gonna be tons of average Joe's who need one to store their coins without having to learn self custody practices....

clue5tick

**Third parties are** ***NOT PART OF THE BITCOIN SYSTEM.*** Do any damn thing you want, just don't call it Bitcoin. Thank you.

Loose_Finding

BEAM has been pretty resilient this bear, x7 back to ath. PART i think has another run left in it, x50 back to ath

yenachar

It did. PART<->PIVX swaps were easy and fast. They took around 10 minutes for me, and I did several. The XMR swaps took longer, multiple 10s of minutes. I think that is because they are more complicated and a requirement to wait after a transaction is built into the protocol. In the first testing, I had two PART->PIVX swaps (the new type) that did not go through, but in those cases the original funds I had posted were returned when the atomic swap timed out. So in a way, it even worked then. The developers made an update, and after that all the swaps I tried went through.

yenachar

I personally tested this in the closed beta, exchanging XMR for PIVX using two atomic swaps in sequence (and trying other XMR-PART-PIVX swaps).

Nada_Lives

Bitcoin is a P2P protocol. There are no third parties. Any third parties, which was what the magazine article was all about, are NOT PART OF BITCOIN. Sorry, not sorry for the shouting. Far too many are kept unaware by opportunistic third parties.

Slainte042

Catch me if you can PART 1000

Rajang_GoldLion

FOR THE MOST PART, this is objectively true. And that's why it's fair that a lot of scams out there are failing because of the current crisis in the entire industry. Creative destruction goin' on. But you gotta admit that Bitcoin, nor a lot of other crypto are not just like the ones you mentioned. Blockchain has a huge potential for a lot of sectors that are vital for humanity and society. I feel like the real problem is people being more interested in going "to the moon" with the token lottery rather than focusing on what really matter here, that is to say Blockchain technology. In the most virtous cases, tokens are just a reward for letting the blockchain operate in the most efficient and secure way possible

cryptoripto123

The people who continue to bash USD are the ones who have no money. If you follow long term savings advice and actually contribute to your 401ks, long term savings accounts, etc you would've benefitted heavily from the last 12+ years of a bull market. This isn't to say you shouldn't invest in Bitcoin either. Too many people are entering this scene without realizing that it isn't ONE or the OTHER. Bitcoin should be a PART of your portfolio. IF you haven't ever saved a dime in USD, expecting to get rich now that you've just started in Bitcoin is likely going to get you nowhere. This sub really needs some [financial education](https://www.reddit.com/r/CryptoCurrency/comments/ttud87/this_sub_lack_of_financial_education_is_extremely/).

Fmanow

Jesus Christ man, and it’s just doing a PART of a math problem, right? Like the hash is split amongst miners to figure out their respective parts?

teddy_swits

I’m up 3.5x because of dumb luck: 1) lost my shirt in the 2018 crash, sold everything for ETH 2) Realized that crypto spring was coming, so bought more ETH 3) Decided to deposit my ETH in a new protocol for APY and governance coin (also did well on the UNI drop) 4) THIS PART IS KEY: the protocol got hacked so I lost most of my ETH near ATH 5) victims were repaid months later in the stablecoin value of the ETH at the time of hack. 6) Converted what I needed to pay taxes, DCAing the rest back in. TLDR: a hacker made me take profits. Note: I’m not talking large amounts, so no DMs, please

kikoncuo

>Assuming things are at equilibrium, and considering opportunity cost, it only means being willing to not make any money. Ok, at least now you realize that the cost to do that is spending money forever! But also, your second statement is a fallacy in 2 different ways. The first one is that your mining at no profit causes me to lose money mining, that's incorrect, with the same cost for my machines and electricity I'm also at an equilibrium. As I've already explained, the only way to make me lose money mining is for you to lose more money mining forever. I'll also point out that your example is physically close to physically impossible due to silicon limitations. >Opportunity costs are costs, so yes there are costs. Just like with PoW, these are the only costs that could be painful to an attacker. It is economically identical at equilibrium. Are you really gonna argue that the opportunity costs are close to significant compared to the ongoing costs of PoW? Wanna think about it and retract that statement?? C'mon, you are smarter than that... >This point assumes a premine. With a fair initial distribution, this isn't a problem because no one will have "most of the stake" unless the system has already been attacked. No, I'm not, I've already explained this exact same point before, please read, I'm just looking at existing coin distribution... >Its an accounting trick. If you don't understand why that makes a difference, I don't have time to explain it to you. I'm not sure if you don't understand the implications of how amortization applies to your yearly income or you only googled what amortization means... I already gave you an example explaining the amortization process and why the cost of the machines is accrued which makes it less significant than energy in your income. If you didn't understand the example, ask questions or google it yourself, discarding without disproving is just crying you don't wanna accept reality or look for a valid solution... >A prospective attacker I've already told you 3 times we are not discussing attacks... can you try to stop running away from the discussion topics and face them before moving on to new ones? Also, unlike other attacks, that type of attack is: Impossible to do stealthily as you either notice tons of hashrate leaving or there are not enough machines in the world. Reorgs over 6 blocks send notifications and emergency stops to production nodes for big crypto companies, so you wouldn't be able to do anything right as you do it, but also, Bitcoin core includes a flag for nodes to manually reject nodes, so you risk everyone rejecting your attacking block and losing all your money, but also tons of other reasons. But again, there is no need for speculating with made-up data, you should be using the real-world experience of how other 51% attacks have been done, and yes, even without the first set of problems (As it wasn't a significant hashrate), none of them tried to do the attack as you described... So, now that we have explained why your speculation is wrong, and also close to impossible due to tons of measures, can you go back to the actual topic at hand of centralization, or do you wanna run away a bit more? >Buddy.. you can't "just" get a $19 billion loan. Be realistic. Sure I can't but (And I don't believe I gotta explain this...) tons of institutions, countries, companies and even some individuals can... >It most certainly doesn't. That would only be the case if the rest of the world simply stands still and does nothing. No, I don't care for your opinion, I've explained why, we can see it in tons of examples of PoS out there, I've even given you a step-by-step example. >Even if what you're saying was true, its just as true for miners. Miners are making a profit, and they could just as easily sit there and accumulate more and more bitcoin until they're the only ones that have any substantial amount. THEY CAN'T I'VE SAID THIS MULTIPLE TIMES, THEY HAVE ONGOING COSTS SEVERAL DEGREES OF MAGNITUDE HIGHER THAN POS, THIS IS A SIGNIFICANT PART OF WHY POS IS UNSAFER AND TENDS TO GET CENTRALIZED, MAYBE THIS TIME IN UPPERCASE YOU WILL ACTUALLY READ IT AND YOU WILL GET IT... A miner makes 10 and 1 is actual profit, the rest is cost. A PoS validator makes 10 and most of it is profit as people already hold the currency at no cost and the only cost is not using the money they make to stake more (opportunity cost). > The fact of the matter is tho that beacause PoS is cheaper to secure, C'mon, you already realized that this means that it's also cheaper to attack... now you are just going backward... &#x200B; > That means that miners can accumulate bitcoin's supply faster than in a PoS system. Read the text in uppercase whenever you try to push this dumb fallacy... IDK, If you are gonna keep running away, not facing facts, and making such basic mistakes about how the most basic processes work, I'm not sure you are capable to learn or even want to learn... go to the basics, and once you get them, we can maybe have a discussion...

runner-runner11120

DCA is the only game that the average investor will win FOR THE MOST PART(NOT ALWAYS). I know exactly what your saying too. It's a strange flip after you've essentially just been averaging down for a while with hopes of eventual even money. Way to go, you did it too! However, averaging up (which is psychologically strange after being red) in solid assets with a solid DCA is the hallmark of a great strategy that builds long term wealth. New to group and newer to crypto. I've also been DCAing into BTC and a few alts over the past year. It's been my most profitable strategy with equities for nearly a decade and I hope it treats you the same! good luck

Worship_Strength

[I'M DOING MY PART](https://youtu.be/SMTz9nIUkGc)

illustrious-Egg2

Other signs that confirm the bull run of 2022 had started. Fomo has returned....THIS IS MOST EXCELLENT NEWS!!! PRICES SHOULD RISE A LOT SOON Regret of not buying Eth at $800 is mentioned frequently. I DO WISH I BOUGHT MORE ETH AT $800, EVEN UNDER A THOUSAND AT THIS POINT Bitcoin to 100k by end of year comments are back..BTC TO 100K WOULD BE AWESOME Scammers have started sending DMs again.. THIS PART NOT SO AWESOME... It's official Bull run of 2022 has started and if you don't know, now you know...THANK YOU FOR THE HEADS UP...CANNOT WAIT TO MAKE SOME CASH...LET'S MFG!!!! IT IS OFFICIAL NOW PEOPLE.....

fan_of_hakiksexydays

Keep in mind, 2 negative GDP quarters is PART of the definition. There's many different aspects of a recession other than GDP. But in terms of simplifying metrics and data, the simplified version is often used.

bootstr8

I invest following what I perceive to be global macro conditions and right now I'm buying growth stocks and bitcoin. Slowing down my buys of value stocks and holding off on REITS because I invest where the damage is greatest in the short term. I don't touch bonds, just never sat right with me. I have a stash of precious metals. My playbook is that once the fed finishes over correcting with their QT they will continue with QE again because that's all the tools they really have now, interest rates cannot go much lower. No one wants negative rates and pushing them up too far will just cause deeper depression. MMT is already playing out with handouts left right and centre in my country and I've seen a lot in the U.S which further floods the money supply. I've done my research on bitcoin and if it fails I will not cry. It's an asymmetric bet that makes up PART of my portfolio with potentially massive upsides. Frankly, I think you lot are so blinded by your hatred for an asset class that you're going to miss out on life-changing potential gains. You don't understand investing or bitcoin as much as you make out. You overcomplicate basic things and try to patronise those that can't be bothered to humour your, frankly, boring arguments on bitcoin. I don't invest more than I can afford to lose. I take profits in the good times. I shave off the winners to feed the losers. I've been doing this for many years now. I quit work 12 months ago and if I keep investing how I do I might not ever go back. I and a majority of others her do NOT need your help. Thanks for assuming we are all mindless 12 year olds.

CharmedBySnakes

It should be PART of green energy,howeber it would be a real big mistake to put all our energy needs into it. The fuel has to be mined,that causes environmental damage,it will get much worse if we shift to putting everything into nuclear. Its a mistake to depend on one energy source. Thats not counting the fact that damage to nuclear plants is a big risk,there are earthquakes,storms,etc where damage to the plants can be deadly from the radiation spreading. The Fukushima plant damage wasnt that long ago,if we're going with nuclear it really has to be done carefully. I think about the fact I dont live that far away from one and if there was an emergency Id be forced to evacuate and leave everything behind. It is a good power source but its really dangerous. Plus where is all that waste going?

cryptoripto123

I hope you are DCAing into other savings plans too like 401ks, IRAs, etc. Bitcoin should be PART of your asset allocation not the only thing.

suninabox

>Your issue with security after finally realizing I’m right and wanting to argue that is the ONLY sound argument you have. I didn't "finally realize" you're right, you can scan my post history and find me address this argument many times over. I simply assumed in prior replies that you were smart enough to realize that Bitcoin would be worthless if the resources spent on security keeps halving, so I assume you're not arguing that that is what's going to happen. So please, explain how Bitcoin can somehow keep spending the current amount of resources or more on mining, while also using less eletricity. >Ok, it’s obvious now that you just don’t understand macro economics and how there are multiple moving parts to every market. That’s ok, you can just say it. You want to focus on what you know, which is fine, but for the last time, the mining market has more to it than the difficulty part of the PoS algorithm. I can not discuss further if you refuse to acknowledge anything else but that. >Your article has absolutely nothing to do with our discussion. It quite literally is about trusting blockchain. I linked you a 20 min read addressing how macro economics of the mining market works to try and help you out. I’m not asking for you to agree with me. I’m simply asking you to educate yourself before you confidently say the entire mining market is dictated by difficulty. It’s a big PART of it but certainly not the whole thing. For the last time, energy efficiency, use of renewables, emission scales, block subsidies, secondary hashrate markets etc ALL go into the mining market. >I don’t know what else to tell you. You are a very angry man that even when I hold your hand to walk you through A discussion about a MACRO environment you somehow post an article about blockchain trust and talk about literally only 1 thing out of about. 100 that affect the mining industry. How did you go 3 paragraphs deep without actually touching how a security model that requires a cost to secure the network in order to create a cost to attack the network, need to maintain cost to maintain security? >Mining market as a whole is trending to being majority used by renewables, price will jump with adoption, and depending on where we are on the emission scale and how far along we are with the tech You keep bringing up emissions and then ignoring every time I actually address the point. If you're not interested in actually discussing how Bitcoin can remain secure if its block reward keeps halving and its price/fees don't keep doubling, then stop bringing it up, you aren't discussing anything you're just repeating stock phrases you think somehow "win" an argument.

Fullback22x

Ok, it’s obvious now that you just don’t understand macro economics and how there are multiple moving parts to every market. That’s ok, you can just say it. You want to focus on what you know, which is fine, but for the last time, the mining market has more to it than the difficulty part of the PoS algorithm. I can not discuss further if you refuse to acknowledge anything else but that. Your article has absolutely nothing to do with our discussion. It quite literally is about trusting blockchain. I linked you a 20 min read addressing how macro economics of the mining market works to try and help you out. I’m not asking for you to agree with me. I’m simply asking you to educate yourself before you confidently say the entire mining market is dictated by difficulty. It’s a big PART of it but certainly not the whole thing. For the last time, energy efficiency, use of renewables, emission scales, block subsidies, secondary hashrate markets etc ALL go into the mining market. I don’t know what else to tell you. You are a very angry man that even when I hold your hand to walk you through A discussion about a MACRO environment you somehow post an article about blockchain trust and talk about literally only 1 thing out of about. 100 that affect the mining industry. I’ll reiterate my facts. Mining market as a whole is trending to being majority used by renewables, price will jump with adoption, and depending on where we are on the emission scale and how far along we are with the tech. Your issue with security after finally realizing I’m right and wanting to argue that is the ONLY sound argument you have. However, if you actually spent any time in this space this is actually a topic on the dev agenda. The miners, node operators, and devs will have to decide if it’s a big issue and how to reward miners to keep the heightened security once we reach that point in 2032ish. You have jumped all over the place, confirmed my own points and tried to argue those, then hyper focused on difficulty like it’s the only thing to exist. You are no better than digiconomist that was shredded to pieces by Cambridge university on just how wrong they where. Lastly, I know you are stuck in 2018 with the constant parroting of sensationalist headlines from that era. Unfortunately for you, people have discussed this, universities have wrote literal dissertations, and institutions have put out reports contradicting your outdated thought process. The information is out there, but I guess you are just anti-blockchain and refuse to educate yourself. This debate is over. I refuse to debate someone who won’t look at a article about macro economics of BTC mining when the debate is about macro economics of BTC mining. It’s just asinine. Good luck in future debates if you just refuse to look at the other side of an argument and just thing being loud and annoying is the best form of attack.

murray_paul

People need to read what they are signing up for. > CELSIUS IS A LENDING AND BORROWING PLATFORM. WHEN YOU TRANSFER DIGITAL ASSETS TO CELSIUS, THOSE DIGITAL ASSETS ARE A LOAN FROM YOU TO CELSIUS, IN ACCORDANCE WITH THE TERMS HEREOF. UNDER NO CIRCUMSTANCES DOES CELSIUS HOLD DIGITAL ASSETS IN CUSTODY ON YOUR BEHALF AS PART OF THE SERVICES GOVERNED BY THESE TERMS. >ALL DIGITAL ASSETS TRANSFERRED TO CELSIUS AS PART OF THE SERVICES ARE OWNED AND HELD BY CELSIUS FOR ITS OWN ACCOUNT. THE USE OF TERMS SUCH AS “ACCOUNT,” “ACCOUNT BALANCE,” “WITHDRAW” AND SIMILAR DOES NOT IMPLY OR ESTABLISH, AND SHALL NOT BE TAKEN TO SUGGEST, ANY FORM OF CUSTODY RELATIONSHIP, AND SUCH LANGUAGE IS USED HEREIN AS TERMS OF CONVENIENCE ONLY IN REFERRING TO USERS’ BORROWING OR LENDING OF DIGITAL ASSETS TO OR FROM CELSIUS AS PART OF THE SERVICES AND CELSIUS’ OBLIGATION TO TRANSFER DIGITAL ASSETS TO USERS UPON THE TERMINATION OF SUCH LOANS OR REPAYMENT OF SUCH BORROWING. > [...] > In consideration for the Rewards payable to you on your Celsius Account and the use of our Services, you grant Celsius, subject to applicable law and for the duration of the period during which the Eligible Digital Assets are loaned to us through your Celsius Account, all right and title to such Digital Assets, including ownership rights, and the right, without further notice to you, to hold such Digital Assets in Celsius’ own Virtual Wallet or elsewhere, and to pledge, re-pledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such Digital Assets, separately or together with other property, with all attendant rights of ownership, and for any period of time, and without retaining in Celsius’ possession and/or control a like amount of Digital Assets or any other monies or assets, and to use or invest such Digital Assets in Celsius’ full discretion. >You acknowledge that with respect to Digital Assets used by Celsius pursuant to this paragraph: >You will not be able to exercise rights of ownership; >Celsius may receive compensation in connection with lending or otherwise using Digital Assets in its business to which you have no claim or entitlement; and >In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, you may not be able to recover or regain ownership of such Digital Assets, and other than your rights as a creditor of Celsius under any applicable laws, you may not have any legal remedies or rights in connection with Celsius’ obligations to you.

genobeam

From Celsius' terms page: >YOUR CELSIUS ACCOUNT IS NOT A BANK ACCOUNT, DEPOSIT ACCOUNT, SAVINGS ACCOUNTS, CHECKING ACCOUNT, OR ANY OTHER TYPE OF ASSET ACCOUNT AND SHOULD NOT BE CHARACTERIZED AS A BANKING PRODUCT OR SERVICE. THE USE OF TERMS SUCH AS “ACCOUNT,” “ACCOUNT BALANCE,” “WITHDRAW” AND SIMILAR LANGUAGE IN CONNECTION WITH THE EARN SERVICE AND THE BORROW SERVICE (SEE FURTHER SECTIONS 4(D) AND 4(E) BELOW, RESPECTIVELY) DOES NOT IMPLY OR ESTABLISH, AND SHALL NOT BE TAKEN TO SUGGEST, ANY FORM OF CUSTODY RELATIONSHIP, AND SUCH LANGUAGE IS USED HEREIN AS TERMS OF CONVENIENCE ONLY IN REFERRING TO USERS’ BORROWING OR LENDING OF DIGITAL ASSETS TO OR FROM CELSIUS AS PART OF THE EARN SERVICE AND BORROW SERVICE, AND CELSIUS’ OBLIGATION TO TRANSFER DIGITAL ASSETS TO USERS UPON THE TERMINATION OF SUCH LOANS OR REPAYMENT OF SUCH BORROWING IN CONNECTION WITH THESE SERVICES. Any money "deposited" into Celsius was actually "loaned" to them. They used those loans to gamble on crypto and now users are SOL

Argyrus777

I guess they’re just gonna have one customer support running the show now….. PART TIME!!!

Vaginosis-Psychosis

I am once again posting to state that I DID MY PART and bought the dip again at $24k for 0.01… that makes 0.06 in the past 24 hours. What have you done?

eqleriq

It's not a "moratorium on non-renewable mining." Read closely. No mining is "suspended," they just won't issue permits that seek to expand. &#x200B; § 19-0331. MORATORIUM ON AIR PERMIT ISSUANCE AND RENEWAL. 1. FOR THE PERIOD COMMENCING ON THE EFFECTIVE DATE OF THIS SECTION AND ENDING TWO YEARS AFTER SUCH DATE, THE DEPARTMENT, AFTER CONSULTATION WITH THE DEPARTMENT OF PUBLIC SERVICE, SHALL NOT APPROVE A NEW APPLICA- TION FOR OR ISSUE A NEW PERMIT PURSUANT TO THIS ARTICLE, OR ARTICLE SEVENTY OF THIS CHAPTER, FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY CRYPTOCURRENCY MINING OPERATIONS THAT USE PROOF-OF-WORK AUTHENTICATION METHODS TO VALI- DATE BLOCKCHAIN TRANSACTIONS. 2. FOR THE PERIOD COMMENCING ON THE EFFECTIVE DATE OF THIS SECTION AND ENDING TWO YEARS AFTER SUCH DATE, THE DEPARTMENT SHALL NOT APPROVE AN APPLICATION TO RENEW AN EXISTING PERMIT OR ISSUE A RENEWAL PERMIT PURSUANT TO THIS ARTICLE FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY A CRYPTOCURREN- CY MINING OPERATION THAT USES PROOF-OF-WORK AUTHENTICATION METHODS TO VALIDATE BLOCKCHAIN TRANSACTIONS **IF THE RENEWAL APPLICATION SEEKS TO** **INCREASE OR WILL ALLOW OR RESULT IN AN INCREASE IN THE AMOUNT OF ELEC-** **TRIC ENERGY CONSUMED OR UTILIZED** BY A CRYPTOCURRENCY MINING OPERATION THAT USES PROOF-OF-WORK AUTHENTICATION METHODS TO VALIDATE BLOCKCHAIN TRANSACTIONS.

Fosforus

Not even that. It's a ban on new permits for electrical generating facilities that provide power for POW miners &#x200B; >THE DEPARTMENT, AFTER CONSULTATION WITH THE DEPARTMENT OF PUBLIC SERVICE, SHALL NOT APPROVE A NEW APPLICA- TION FOR OR ISSUE A NEW PERMIT PURSUANT TO THIS ARTICLE, OR ARTICLE SEVENTY OF THIS CHAPTER, FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY CRYPTOCURRENCY MINING OPERATIONS THAT USE PROOF-OF-WORK AUTHENTICATION METHODS TO VALI- DATE BLOCKCHAIN TRANSACTIONS. https://www.nysenate.gov/legislation/bills/2021/A7389

Vaginosis-Psychosis

For those of you wondering, my limit order at $29k hit earlier today for 0.01 BTC. I DID MY PART

Bellweirboy

1. Borrow USDT on margin account. Maximum leverage. Go ‘all in’. 2. Use borrowed USDT to buy asset of choice ON ANOTHER EXCHANGE. Bitcoin for instance. DO NOT DO THIS PART WITH LEVERAGE! And move asset to hard wallet. 3. Wait for USDT to crash. 4. Sell a small portion of purchased asset (which is now worth millions of devalued USDT) repay USDT borrowed plus any interest charge. 5. Retire. Wait for resultant crypto winter to thaw, selling only enough Bitcoin to get by every month. *\*Cannot go tits up\**

LiamGTR

I am PART of the Elite, my little sheeple ☺ 😘

John_Sknow

ALL PART OF THE GAME WE PLAY! A SWITCH AND BAIT or whatevers...

XXsforEyes

LOL clearly you don’t understand that particular bias. If some other meme coin managed to make those gains you’d be spouting off about that one instead. My point, and I do have one, is that the team could have been any one of a dozen others, SHIBS original tokenomics when it started to catch the hype from Doge were total crap, the market cap unrealistically high and the roadmap non-existent… they literally didn’t have one. Pure FOMO and speculation. These are facts. SHIB lucked out, and so have a number of people that got in early… including me lol. But there are hundreds of meme coins, they’re not good investments but like a lottery ticket, someone’s gonna get lucky, most people just lose. But who knows? The changes to the project have warranted me holding onto mine after taking the profit that I planned. It has more than hype now - yippee! Memes can be PART of a strategy, but they can’t be THE strategy for a smart crypto investor. BTC is still king, ETH is still large-and-in-charge in the smart contract space. Meme coins - meh!

conradiiical

Some critics called it dizgusting, others - a cultural Chernobyl. WTF were you thinking. I seriously can't wrap my mind around this BS. WHY?? HOW DARE YOU SO TASTELESSLY TINT AN ALL TIME CLASSIC YOU WERE SO LUCKY TO BE A PART OF?

ideas4mac

Do you have other investments? Stocks, ETFs, real estate? Have you set up a Roth IRA yet? 401K? If you want to buy some bitcoin then it should be PART of your overall investment portfolio. Define your goals, hone your strategy, implement, evaluate, adjust as needed. Try to enjoy the ride. Good luck.

MothmanNFT

Oh I FULLY agree *content* aimed at women is good!! That falls into the first half for me. It’s specifically the ads that are like “now you too can trade silly woman, we made an app just for you”…. WHICH PART?! What are women (and despite my name, I am a woman) finding too male about coinbase and binance?

SurpriseRealistic183

OVER THE PAST FEW MONTHS, INFLATION HAS RISEN COMPARED TO WHAT WE HAVE EXPERIENCE OVER THE PAST DECADE AND IT HAS BEEN HELL FOR ME TO SURVIVE BECAUSE OF MY FINANCIAL SUITATION BUT SINCE I MET MR PHIL JACOB MY FINANCE HAS TAKE A POSITIVE PART. I EARN 3BTC WITH AN INVESTMENT OF $10,000 IN A MONTH. I WILL CONTINUE TESTIFYING OF YOUR GOOD WORK @realphiljacob