How is everyone doing? | Bitcointalksearch.org

Wind_FURY

legendary

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Quote from: sgbett on April 24, 2023, 05:04:43 AM

Quote from: Wind_FURY on February 06, 2023, 02:28:17 AM

... users don't need to run a full node, right?

Correct!

"Correct" for BCash SV, but not for Bitcoin. I'm sorry ser. Two different networks, two different goals. Bitcoin is actually being built and developed for the science. BCash SV, I leave it to the community to decide. There will probably some people who'll get scammed into thinking it's "the real Bitcoin", but I hope it's not going to be the people from this forum.

sgbett

legendary

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Quote from: Wind_FURY on February 06, 2023, 02:28:17 AM

... users don't need to run a full node, right?

Correct!

adaseb

legendary

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Another Tether fraud thread?

You guys dont realise but in the past few months stablecoin companies have been making a killer by basically doing nothing. There is over $100B in stablecoins. And most of these are held in short term government bonds.

So if interest rate stay the same, these issuers are making over $5B a year in interest alone. This is a huge cash cow for them. And even if they were a little insolvent, they are most likely solvent by now with the amount they made in interest payments alone.

Wind_FURY

legendary

Activity: 2898

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Quote from: sgbett on November 10, 2022, 07:34:32 AM

Well, now things get interesting!

We finally come back to what should have been the top at around 16500!

As we all know the past 2 years was Tether's very own version of Willy Bot, but on steroids. It was always going to com out in the wash and now the DoJ/SEC on the case it looks like its gonna be [urhttps://www.youtube.com/watch?v=45elFFLgnEY]scrubbing day[/url] pretty soon...

So, will ~16 hold and become the new base for another speculative run up?

I for one welcome regulation in the space. Yeah I know GUBBERNMENT BAD... but don't forget, the regulators are going after the scammy exchanges and ponzi schemes that are screwing retail investors - they don't care about you and your sovereign Bitcoin, you are not a criminal... right?

Keep your corn off exchanges, use them to transact, respect bast practice for privacy and you get all the benefits of Bitcoin with assurances that nefarious actors can't screw you.

How are YOU doing, sgbett. We really missed you. Cool

Did you notice that when you made this topic, Bitcoin was possibly near the absolute bottom of the current bearish cycle? You and Kwukduck from 2018 or 2019 have near perfect timing to be counter trading indicators.

Plus how is everyone in Flat-Earther Land syncing their BSV "blockchain"? I heard that many nodes are having some problems downloading/validating a large group of 4GB blocks mined during October, 2022. But users don't need to run a full node, right?

adaseb

legendary

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Merit: 1723

I think that all these stablecoin issuers are making crazy bank while everything else in the industry is losing money. It you look at USDC financial you can see that most of it is in short dated treasuries. They are almost making 5% a year for doing nothing.

Tether and USDC is over $100B which is $5 B per year in these high interest rate times. Honestly why would they be a scam after all this? All they need to do is pretty much nothing and they are making crazy actual yields with safe government bonds.

Yatsan

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: STT on January 04, 2023, 06:47:29 PM

Quote

2015 was just as difficult,

2016 was when I last sold at totally the wrong time not because of any judgement call just I wanted to use BTC for something computer related so felt it was justified. People will sell at every price potentially just because they need the capital, the price isnt always about BTC it can be about the wider demands for capital when Dollar is strong I expect that. BTC can be swapped for Dollar and so it will be sold regardless of anything local, thats probably the largest thing that moves the price as a tide in and tide out. We got a very high price due to excessive Dollar availability almost on purpose, dont take credit for that high price and you dont really have to completely believe this low is all on crypto its basically relative to the weather externally.

Circumstances. This is something new people here does not consider. They'd be out here saying and pushing people to hold without considering what more with reality. Ofcourse what is ideal is to just hold but not everyone has the privilege to do so. Invest an amount you can afford long. Indeed. But who's not aiming for profit? Ofcourse people would like to but there are just things we are not ready for. Selling early or late for sure has reasons and any would be valid as long as the owner itself made the decision to his assets.Nobody really wants to lose.I was able to buy 1 Bitcoin before but have sold it early due to an emergency and somehow I am still in relief from doing so even if it destoyed the potential or tendency to earn bigger.

STT

legendary

Activity: 4088

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Quote

2015 was just as difficult,

2016 was when I last sold at totally the wrong time not because of any judgement call just I wanted to use BTC for something computer related so felt it was justified. People will sell at every price potentially just because they need the capital, the price isnt always about BTC it can be about the wider demands for capital when Dollar is strong I expect that. BTC can be swapped for Dollar and so it will be sold regardless of anything local, thats probably the largest thing that moves the price as a tide in and tide out. We got a very high price due to excessive Dollar availability almost on purpose, dont take credit for that high price and you dont really have to completely believe this low is all on crypto its basically relative to the weather externally.

sgbett

legendary

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I make Saylor about $2bn underwater Shocked

Kemarit

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Quote from: erep on November 11, 2022, 03:57:06 PM

Quote from: fullhdpixel on November 11, 2022, 01:59:02 PM

We cannot just feel bad about them because it was also their fault on why they are experiencing this kind of problems. And also we shouldn't worry about the future of bnb or btc because FTX is only one exchange and even if it collapsed, we still have plenty of them. New crypto exchanges are also emerging from time to time. Sure thing that negative news like this might affect cryptos value's but that was only for temporary. Sooner or later people will go back in cryptos again.

You're right, we don't have to worry about this case due to the fact that it only happened to the internal FTX case but because of the panic that caused the market to fall to its lowest point in this period but anyway we can see that FTX is still working on fixing this issue but we will review continued development progress of FTX. Despite market crashes, we have experience monitoring the market every year and proven history of the crypto market shows that if the price reaches its lowest point it will have the opportunity to reach a new ATH, hoping that dream will happen in the future.

And everything is connected tough, Bitcoin<-->altcoin market. This is another classic example, FTX crashed, affected the altcoin and then spill over the panic to Bitcoin market.

Yes, we should monitor the market, but I don't think we need to panic or what, or sell in a lost. We should have this ability to just relax, let everything simmer down a bit, the price is fluctuating meaning there is also a constant buying and selling. So 50/50, others panic, but there are smart investors taking advantage of the situation.

erep

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Quote from: fullhdpixel on November 11, 2022, 01:59:02 PM

We cannot just feel bad about them because it was also their fault on why they are experiencing this kind of problems. And also we shouldn't worry about the future of bnb or btc because FTX is only one exchange and even if it collapsed, we still have plenty of them. New crypto exchanges are also emerging from time to time. Sure thing that negative news like this might affect cryptos value's but that was only for temporary. Sooner or later people will go back in cryptos again.

You're right, we don't have to worry about this case due to the fact that it only happened to the internal FTX case but because of the panic that caused the market to fall to its lowest point in this period but anyway we can see that FTX is still working on fixing this issue but we will review continued development progress of FTX. Despite market crashes, we have experience monitoring the market every year and proven history of the crypto market shows that if the price reaches its lowest point it will have the opportunity to reach a new ATH, hoping that dream will happen in the future.

ginsan

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Activity: 1358

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After this incident many traders and big investors were affected by the fall in the price of btc which hit a new low this year. Even some crypto projects I saw on social media sent condolences for this incident. It's pretty awful to look back on, But I deserve to say that we're going a long way from the current price of btc I mean there will be brighter days to come either at the close of this year or early in the year. but yes, do an analysis to enter now or wait for a lower price, maybe the DCA strategy is very powerful for a market situation like this. Be it saylor or other big investors surely they couldn't sleep well after this incident.

fullhdpixel

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Quote from: ?? on ??

I feel okay considering Binance will not carry that burden called FTX. It could be very dangerous for future of both Bitcoin and BNB because FTX seems very problematic with their coin wallets now. (Not gonna comment on their ongoing process). As always Bitcoin is surviving again. It never fails. It can be good to buy and hold at these levels because its pretty safe area now. We are gonna see start of new bull run in couple of months.

They almost carry it out because they have proposed of buying the exchange last time but I just found out that they have backed out after seeing the bad records of the exchange. FTX is on its own now.

We cannot just feel bad about them because it was also their fault on why they are experiencing this kind of problems. And also we shouldn't worry about the future of bnb or btc because FTX is only one exchange and even if it collapsed, we still have plenty of them. New crypto exchanges are also emerging from time to time. Sure thing that negative news like this might affect cryptos value's but that was only for temporary. Sooner or later people will go back in cryptos again.

bittraffic

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Those users keeping their corns on exchanges are also asking for it. They've been warned all the time not to store or get into defi on centralized exchanges but they still do.

Many traders look up to reputable people who build wealth on the stock market but failed in crypto. They are used to having regulators that will save them but not this time.

Lucius

legendary

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Quote from: Yaunfitda on November 11, 2022, 03:38:30 AM

Yes, just like the difficult year of 2018, still remember that, end of 2018, we had some minor runs, but still the whole or at last the last 9 months were definitely difficult for the majority of us.

I remember 2014, when the price was just under $1000, and 2015 was just as difficult, because the price dropped even below $200 and remained below $1000 for a long time. For those who were active even earlier, today's price and all these events do not have to be so stressful because we already have similar experiences, but I believe that for all those who have only been here for 2-3 years, this is not at all easy to experience.

The Bitcoin community should learn something from all this and start thinking in a decentralized way, instead of being naive and allowing various arrogant incompetents to parasitize all of us.

Welsh

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Quote from: ?? on ??

As always Bitcoin is surviving again. It never fails. It can be good to buy and hold at these levels because its pretty safe area now. We are gonna see start of new bull run in couple of months.

What makes you think this is a safe area? It can quite easily slip down further. Although, if you mean as an investment for the long term i.e at least a couple of years, I'd agree with you. The halving in 2024 probably is going to prove beneficial at the very least to our recovery. I'll be honest, it'd be nice to have some positive news, since the last two years it just seems like its a constant barrage of negative news, both inside, and outside of Bitcoin.

Although, I think you're probably being a little bit too optimistic for a bull run in a couple of months. That'll take us to around the Christmas period, and early next year. I can't see with the reduced buying power due to the time of the year, as well as all the other things going on currently, any sort of bull run. Maybe, a slight recovery at best.

Welsh

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The saving grace in all of this is investors like you, and I have a lot more faith than those before us. I've seen despite the unprecedented times we find ourselves in, a lot more faith in Bitcoin recovering than ever before. A few years ago, it was almost unbearable the amount of doom, and gloom surrounding the price, and those dips were less or at least there wasn't multiple factors effecting the price.

Now, I'm seeing people refusing to take a loss even if it was a small one. It probably helps that we've been through multiple bubbles, and deaths before. Although, it's still nice to see. I'm sure a lot of people are being effected by this dip mentally though, and it couldn't come at a worst time than the Christmas period.

mk4

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Paldo.io 🤖

Quote from: Slow death on November 10, 2022, 10:17:40 AM

the price is only falling due to the FTX exchange case but the price will recover soon because the support of 17500$ is apparently the lowest the price has fallen since months when the financial crisis started due to the war in ukraine, this FTX event that made the price drop a lot is a sudden event, it will not make the price drop much in the long term, you can see that the price is now at 17900$ and it keeps trying to go up, probably by next week the price will be stable above 17500$, I'm not telling you to buy bitcoin, I'm just giving my opinion

That 17,500 support isn't going to do crap if we're going to get more mass liquidations due to contagion — those platforms(Blockfi, etc) that held funds on FTX. But time will tell. Rumours that even other exchanges like CryptoCom and KuCoin are in trouble; but take note that they're just rumours.

Yaunfitda

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Quote from: Lucius on November 10, 2022, 10:51:34 AM

Those of us who have already experienced such things over the years are not too excited because we knew that this year will be difficult, and I prepared myself for the fact that the next one might be very similar. So many people wanted to buy BTC cheaply, and now their wish came true - what is a problem for someone, is a good opportunity for another.

Yes, just like the difficult year of 2018, still remember that, end of 2018, we had some minor runs, but still the whole or at last the last 9 months were definitely difficult for the majority of us. And maybe one lesson we learn is that it's not over, it might be hard but if we think about it right now, we should have bought that time, at least in my case. But I didn't, but in this current year, I have been doing DCA for the last 4 months and I will do it until I have the money to buy. If I don't then I will simply hold what I have right now and wait for the next bull run.

Lucius

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Quote from: sgbett on November 10, 2022, 09:10:29 AM

Be interesting to see how Saylor, Musk et al deal with it, I can't recall their exact respective cost basises (sp?) but they gotta be hurting a little now.

Saylor is deep in BTC, but Tesla sold almost all the BTC they had, although another company supposedly also owns BTC - but as @Slow death wrote, these are not hard times for such people who have hundreds of billions of reasons not to worry too much.

Those of us who have already experienced such things over the years are not too excited because we knew that this year will be difficult, and I prepared myself for the fact that the next one might be very similar. So many people wanted to buy BTC cheaply, and now their wish came true - what is a problem for someone, is a good opportunity for another.

Slow death

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Quote from: edward500 on November 10, 2022, 07:59:57 AM

I'm not sure anymore, lets be honest, Bitcoin keeps going lower and lower.

I'm a bit worried as I purchased a bunch of bitcoin recently, probably average of around 21K.

To me it seems it is inevitable bitcoin will reach 10K, or what most people seem to expect in this downturn.

10K and why not? That would still be a large increase in bitcoin and put it back tot he 2019 price as what most people expect the stock market to hit.

What I think is, we will definitely hit the bitcoin 2019 price point, and the stock market will also hit 2019 levels.

the price is only falling due to the FTX exchange case but the price will recover soon because the support of 17500$ is apparently the lowest the price has fallen since months when the financial crisis started due to the war in ukraine, this FTX event that made the price drop a lot is a sudden event, it will not make the price drop much in the long term, you can see that the price is now at 17900$ and it keeps trying to go up, probably by next week the price will be stable above 17500$, I'm not telling you to buy bitcoin, I'm just giving my opinion

Quote from: sgbett on November 10, 2022, 09:10:29 AM

Quote from: OgNasty on November 10, 2022, 08:37:57 AM

Thanks for asking. I’ve been mentally preparing myself for a $13K BTC so I’m not too worried yet. I will admit though, I was hoping we would see Bitcoin hold the $20K range. I am curious how deep this recession will be and if interest rates are going to continue rising while assets get clobbered. I still haven’t shut down all my GPU miners though and am still optimistic that once this crash is behind us, there will be brighter days ahead.

Sensible. Whatever views I might have, I don't want to see us plebs losing money, and a surefire way to do that is selling at a loss

Anyone lucky enough to have taken a few profits at the highs might see some value here. I know "my Bitcoin" is super cheap right now, and I am sat on big "paper" losses!

Be interesting to see how Saylor, Musk et al deal with it, I can't recall their exact respective cost basises (sp?) but they gotta be hurting a little now.

Saylor and Musk are not shaken by drops like these, they have a lot of money and a lot to do in the real world and when they put money in bitcoin they already knew how many years they would have to do hodl and what would be the risk they would be taking, the advantage of the risks is that they invest on a plan basis and are not relying on bitcoin profit to do something else

Topic: How is everyone doing? (Read 338 times)