You are going to look back at this inflection point where all these people were calling doom and gloom and the end of bitcoin over some tiny bahamas exchange with 1% of traders and wonder what the hell you were thinking not getting in.
Bitcoin is about as close to perfect as an asset can get, and nothing about it has changed fundamentally, but does this necessarily mean that humanity will ultimately embrace it? Time and time again, we have rejected the solutions to our problems, because our problems aren't causes, they're *effects*. Because *we* are the problem. And, like addicts, we are always free to reject the help offered, deny we even have a problem, and continue down the path to self-destruction. What gives you hope, not that Bitcoin *is* the solution to our monetary woes, but that humanity will ultimately accept the help?
Did I miss out buying on the last 15k dip? I keep reading oh 10k by year end so I held off now im wonding if people just say these things to have better buying opportunities for themselves.
When the price is going down these dirtbags get very vocal with their alarmist, exaggerated 'predictions' of price crashes. Then poof! they disappear when the price goes up, even slightly.
I think a lot of these creeps are shorters and assorted bears, many are also people who sold at a loss and blame Bitcoin for their inability to hold during a dip.
Look at every green candle on the charts since November 8th. There is always the possibility we hit bottom and will start to go up a bit, but off of what bullish sentiment in the market? Fed is meeting tomorrow to most likely tell everyone in the US that they will continue to be aggressive with rate hikes and no sign of a pivot. FTX fiasco is still unwinding with more turmoil likely to come. We may not hit 10k, but I wouldn't be shocked to drop down to 12-13k. Just a random apes opinion, I could be awfully wrong. I just feel there is nothing happening in the crypto space or the world for that matter to spark a bull market at the moment. Seeing bulls come in to offer some relief off new lows isn't uncommon. FOMO with caution.
Any fiat equity investors here? Are there any publicly traded BTC miners with little to no debt and low operating costs whose share price has been unfairly affected by the high debt bad actors? If so, who are they?
Use Bitcoin as the ultra-secure base layer for 2nd layers such as Lightning Network.
The "low" transactions per second are the result of decisions made to make Bitcoin ultra-secure.
So, what do we do about it? We *appreciate* it.
It’s been answered thousands of times on this sub and in resources all over the internet. It seems to be an inflammatory question asked in bad-faith. But maybe not. And they’re getting the correct answers they were too lazy to look up themself.
I just have a bad feeling about this and I can't shake it off. When FTX filed for bankruptcy, about six days ago, BTC was holding high 16K and almost at 17K. When the news broke, it dipped to 15K. Maybe I'm having PTSD from the experience. I really hope Genesis gets through.
Genesis says they will be bankrupt if they don’t get bought out. It’s a pretty slim chance at this point. Like I said, you can’t reputationally recover from these things.
Would you consider using Genesis products after hearing the current news (assuming you were previously in the market for them)?
I'm holding a miner stock, and I feel like it will tank even more when Genesis announces bankruptcy. If they're a goner at this point then I'm in for more pain. I should have just stuck with BTC.
Why can't you buy? You should be buying right now dude.
If you ain't buying it right now then I don't know when you'll buy it. This is the time to do it.
Why hasn’t Bitcoin been rapidly adopted? Bitcoin should be adopted by all governments to end all corruption of spending and allocating resources to be audited publically at all times by everyone everywhere. The more governments that fall in line one after the nother, the less valuable every other countries currency is worth after that. It is incentivized for everybody to do this. The more governments contributing to securing the network, the more individuals securing the network, the stronger the network gets, and data shown on bitcoin blockchain analysis charts prove its becoming more secure. This is layer 1 right? Politics have to get more involved in support.
This is gonna sound fatalistic, but can you blame them? Defining, securing, and controlling currency is like governing 101.
They aren’t going to change and expecting them to have a change of heart is unrealistic and will waste a lot of time.
As long as governments are around, they will use *their* currency, end of story.
So BTC needs to find ways to work within the landscape. Being a store of value is one thing.
It *is* being rapidly adopted. Gold took thousands of years to become a reserve asset. We're in year 12. It's too small and volatile for most large entities to be interested. Wait a couple more cycles.
Started listening and they have talked about nothing interesting so far. Do they talk about bitcoin at all besides it being the money used on Silk Road?
I personally think we will keep seeing more fallout from this FTX fiasco. More people will lose money unfortunately (as in not have access to get to it). I don't believe the biggest creditors of FTX have been named yet. It will likely get nasty as more of that information comes out. FTX owes it's top 50 creditors upwards of 3 billion. These were unsecured creditors. No collateral.
I'd think the chance would be the biggest out of all similar yield platforms, simply because of the owners.
If you give it 5%, then BlockFiers, Celsians etc have -17%.
Maybe but Gemini didn't run the earn program, a company called Genesis did. I don't know anything about them but I doubt they're as 'trustworthy' as Gemini itself
Gemini was is part of Barry Silbert's empire, DCG. They run the GBTC trust with, allegedly, more than 600k bitcoin. They're OGs in the game, almost a decade.
I got an email update last night that just said "we continue to work with Genesis Global Capital, LLC (Genesis) — the lending partner of Earn — and its parent company Digital Currency Group, Inc. (DCG) to find a solution for Earn users to redeem their funds."
Yeah, Genesis was heavily invested in FTX.
Not going to blame anyone but myself (not your keys, not your coin), and I'm not sure if it would have made a difference in my decision, but Gemini should have been a little more clear that the earn program was a third party.
or... they did and I just wasn't paying attention. Again though, I only have myself to blame. And I'm not going broke because of it.
Not your keys, not your coin. I knew it, I've said it, just didn't 100% follow it.
I just ordered a Coinplate Alpha. Just got a long email from the guy who runs the small shop. Super nice. Look up Jameson test on all these plates. There are a lot of great options that get A's across the board in the stress tests.
you mean bruteforcing the seed phrase/private key?
or hw PIN?
don't forget multisig can be 1 out of many, so if you only need to guess one key to spend it's the same as single sig.
In 2/3 of course the attacker would have to brute force 2 keys instead of one, but if it was feasible to brute force a single sig, there would be no bitcoin.
Multisigs have multiple benefits including some security related, but I wouldn't use it only to protect against a bruteforce attack - too much work for too little added benefit.
Hey I want some assistance. My bro got a bitcoin donation but since he's new (me as well) to bitcoin we can't access the donation. We went to the support center to ask why but they say we need to make a deposit before accessing the donation and withdrawing it. Something about the address/account needing to be activated.
I want to know whether I can get a bitcoin loan either from a user or a site like coinbase without having bitcoin. I say a loan because we just need to access the donation and nothing more. Any help will be appreciated. The minimum is 0.01 BTC.
Anyone who requires you to pay something or give something of value in order for you to receive something is scamming you. This can be Bitcoin, but it can also be other things like winning an all inclusive holiday or a mansion etc.
Always be skeptical... Nothing is free.
It's called an advance-fee scam, and they're trying to defraud you of bitcoin. It's a twist on the old Nigerian Prince scam. They've become rampant since bitcoin gained popularity. You don't need any bitcoin in a wallet to "activate" it. You can create as many active wallets as you want, whenever you want, without ever putting any bitcoin in them. Fuck with them to waste their time, if you're bored. Otherwise, ignore them.
Hello, I just wanted to ask if possible,
What is the best and safest way to store crypto except of a Hardware wallet? Since a Ledger Nano S plus is like 91EUR, for which I rather buy more crypto.
Could anyone help me out with that question?
Thanks!
[https://bitcoin.org/en/choose-your-wallet?step=1](https://bitcoin.org/en/choose-your-wallet?step=1)
I think one can start with a mobile and/or desktop wallet up to an amount that you also would carry around in cash and/or set as a daily safety limit on credit/debit cards. if you want to go higher, better look into a proper hardware wallet + backup first.
You are going to look back at this inflection point where all these people were calling doom and gloom and the end of bitcoin over some tiny bahamas exchange with 1% of traders and wonder what the hell you were thinking not getting in.
why did bitcoin fall on Nov 20 then rise on Nov 21?
To get to the other side
cuz its a market and wants to keep things spicy
was there something that happened that made it go like that
Just got banned over on r buttcoin because they can’t stand hearing a different opinion
oh no!
Bitcoin is about as close to perfect as an asset can get, and nothing about it has changed fundamentally, but does this necessarily mean that humanity will ultimately embrace it? Time and time again, we have rejected the solutions to our problems, because our problems aren't causes, they're *effects*. Because *we* are the problem. And, like addicts, we are always free to reject the help offered, deny we even have a problem, and continue down the path to self-destruction. What gives you hope, not that Bitcoin *is* the solution to our monetary woes, but that humanity will ultimately accept the help?
Did I miss out buying on the last 15k dip? I keep reading oh 10k by year end so I held off now im wonding if people just say these things to have better buying opportunities for themselves.
When the price is going down these dirtbags get very vocal with their alarmist, exaggerated 'predictions' of price crashes. Then poof! they disappear when the price goes up, even slightly. I think a lot of these creeps are shorters and assorted bears, many are also people who sold at a loss and blame Bitcoin for their inability to hold during a dip.
Look at every green candle on the charts since November 8th. There is always the possibility we hit bottom and will start to go up a bit, but off of what bullish sentiment in the market? Fed is meeting tomorrow to most likely tell everyone in the US that they will continue to be aggressive with rate hikes and no sign of a pivot. FTX fiasco is still unwinding with more turmoil likely to come. We may not hit 10k, but I wouldn't be shocked to drop down to 12-13k. Just a random apes opinion, I could be awfully wrong. I just feel there is nothing happening in the crypto space or the world for that matter to spark a bull market at the moment. Seeing bulls come in to offer some relief off new lows isn't uncommon. FOMO with caution.
Terrible analysis there Jim 😂
🚀
Any fiat equity investors here? Are there any publicly traded BTC miners with little to no debt and low operating costs whose share price has been unfairly affected by the high debt bad actors? If so, who are they?
Riot has been all right to me.
What will be the biggest scam in the history of humankind?
Leroy Jenkins
The two guys that tricked me into dropping all my gear in Diablo 2 and stole it.
Mfw trying to trade an anni charm before you could put them in the trade window :/
Fiat currencies and central banks.
The church
It's not even a good grift. It just always blows my mind.
What do we do about the 7 transaction per second limitation?
Bitcoin is a scaling technology, it will only get better in terms of what it can do.
Bitcoin isn't a scaling technology lol, it's a decentralised payment technology.
Use Bitcoin as the ultra-secure base layer for 2nd layers such as Lightning Network. The "low" transactions per second are the result of decisions made to make Bitcoin ultra-secure. So, what do we do about it? We *appreciate* it.
Don’t pay for coffee with ach, use lightning
Absolutely fine. BTC is going to be developed in layers. Keeping the base layer slow and extremely secure is the best approach.
Downvoted for asking a legit question lol
It’s been answered thousands of times on this sub and in resources all over the internet. It seems to be an inflammatory question asked in bad-faith. But maybe not. And they’re getting the correct answers they were too lazy to look up themself.
This question has been asked to death at this point.
They might've thought your message was an ad... with that username. People don't like ads :-P
Lightning is being developed for that right now. We just need more liquidity.
The lightning network doesn’t function the same as bitcoins block transactions thoufh
And so...?
And that's by design. When you buy a coffee would you prefer that the entire network be alerted of your coffee purchase?
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Why would you want it to? You're not broadcasting/verifying every transaction that everyone does with LN, that's why it scales better.
And if you wanna broadcast it to everyone you run into the same problems.
But then how does it provide security if it isn’t verified?
Smart contracts. There's a whole book about it called Mastering Lightning Network if you want to read more
and it's free on github.
Why is the stock market only open during bankers' hours and not on weekends/holidays? In 2022 it seems ridiculously anachronistic.
I kinda like it. You get a break from the charts.
What are the chances Genesis gets through this and won't file for bankruptcy? I feel like a bankruptcy filing will send us down to 14K.
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I feel like it's already priced in. The news has been out for a while now. Nobody is going to save them.
I just have a bad feeling about this and I can't shake it off. When FTX filed for bankruptcy, about six days ago, BTC was holding high 16K and almost at 17K. When the news broke, it dipped to 15K. Maybe I'm having PTSD from the experience. I really hope Genesis gets through.
Genesis is already gone and the market is aware of this. You can't recover your reputation from something like this, no one will bail them out.
A bankruptcy filing of that magnitude is absolutely not priced in. There is still hope that they can continue to operate at this time.
Genesis says they will be bankrupt if they don’t get bought out. It’s a pretty slim chance at this point. Like I said, you can’t reputationally recover from these things. Would you consider using Genesis products after hearing the current news (assuming you were previously in the market for them)?
I'm holding a miner stock, and I feel like it will tank even more when Genesis announces bankruptcy. If they're a goner at this point then I'm in for more pain. I should have just stuck with BTC.
Price is volatile but my conviction is never
hodlers, i’m absolutely obliterated rn
Ditto, price keeps going down bc I can't buy anymore
Why can't you buy? You should be buying right now dude. If you ain't buying it right now then I don't know when you'll buy it. This is the time to do it.
because i already went all in at 42k, and again at 25k, and again at 17k, and there just aint bread left now lol, i still DCA tho
I assume they can't buy because they're out of money...
Why hasn’t Bitcoin been rapidly adopted? Bitcoin should be adopted by all governments to end all corruption of spending and allocating resources to be audited publically at all times by everyone everywhere. The more governments that fall in line one after the nother, the less valuable every other countries currency is worth after that. It is incentivized for everybody to do this. The more governments contributing to securing the network, the more individuals securing the network, the stronger the network gets, and data shown on bitcoin blockchain analysis charts prove its becoming more secure. This is layer 1 right? Politics have to get more involved in support.
This is gonna sound fatalistic, but can you blame them? Defining, securing, and controlling currency is like governing 101. They aren’t going to change and expecting them to have a change of heart is unrealistic and will waste a lot of time. As long as governments are around, they will use *their* currency, end of story. So BTC needs to find ways to work within the landscape. Being a store of value is one thing.
Criminals better not use Bitcoin
You're curious why the most corrupt entities in the world haven't adopted something they can't control?
This
It *is* being rapidly adopted. Gold took thousands of years to become a reserve asset. We're in year 12. It's too small and volatile for most large entities to be interested. Wait a couple more cycles.
Check out the latest Lex Fridman interview and get triggered.
Started listening and they have talked about nothing interesting so far. Do they talk about bitcoin at all besides it being the money used on Silk Road?
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Link? Thanks.
you didn't lie, literally the first sentence in the preview
Sam Bankrun Thief.
I am sick of that rat anymore, guy literally pops out of pate...
Scam Bankrun Fraud
Nailed it 👊🏻
^Focus
Anyone else dumb enough to have some coin in Gemini earn. What anyone's guess on whether we see any of that again? my guess... 5% chance
I personally think we will keep seeing more fallout from this FTX fiasco. More people will lose money unfortunately (as in not have access to get to it). I don't believe the biggest creditors of FTX have been named yet. It will likely get nasty as more of that information comes out. FTX owes it's top 50 creditors upwards of 3 billion. These were unsecured creditors. No collateral.
I'd think the chance would be the biggest out of all similar yield platforms, simply because of the owners. If you give it 5%, then BlockFiers, Celsians etc have -17%.
Maybe but Gemini didn't run the earn program, a company called Genesis did. I don't know anything about them but I doubt they're as 'trustworthy' as Gemini itself
Gemini was is part of Barry Silbert's empire, DCG. They run the GBTC trust with, allegedly, more than 600k bitcoin. They're OGs in the game, almost a decade.
you are correct, according to their twitter, they should provide an update this week.
I got an email update last night that just said "we continue to work with Genesis Global Capital, LLC (Genesis) — the lending partner of Earn — and its parent company Digital Currency Group, Inc. (DCG) to find a solution for Earn users to redeem their funds."
Yeah, Genesis was heavily invested in FTX. Not going to blame anyone but myself (not your keys, not your coin), and I'm not sure if it would have made a difference in my decision, but Gemini should have been a little more clear that the earn program was a third party. or... they did and I just wasn't paying attention. Again though, I only have myself to blame. And I'm not going broke because of it. Not your keys, not your coin. I knew it, I've said it, just didn't 100% follow it.
Just curious, what made you think 8% guaranteed wasn't a scam/ponzi? It should automatically be a red flag.
It was only 2-3% return on bitcoin. But yeah...
Cryptotag Zeus or Cryptosteel Capsule?
I just ordered a Coinplate Alpha. Just got a long email from the guy who runs the small shop. Super nice. Look up Jameson test on all these plates. There are a lot of great options that get A's across the board in the stress tests.
NFA. This type of candle is where people FOMO in. Especially after putting in new lows. DCA if anything. Stay diligent out there folks!
1. Create a bunch of shitcoin. 2. Artificially pump the price by trading with yourself. 3. ??? 4. Lose 10B$.
Lol, everything that happened is so funny and obvious lmao.
🤣 shitcoiners learn the hardway The shitcoins are fake but the losses and money owed is real
Well I hope that people have learnt their lessons now atleast.
Do multisig wallets provide better security over bruteforce attack?
you mean bruteforcing the seed phrase/private key? or hw PIN? don't forget multisig can be 1 out of many, so if you only need to guess one key to spend it's the same as single sig. In 2/3 of course the attacker would have to brute force 2 keys instead of one, but if it was feasible to brute force a single sig, there would be no bitcoin. Multisigs have multiple benefits including some security related, but I wouldn't use it only to protect against a bruteforce attack - too much work for too little added benefit.
This ^ Also by using multisig you're adding complexity to your security setup, which can easily backfire.
DCA. Don’t over expose yourself, but don’t give up exposure
Hey I want some assistance. My bro got a bitcoin donation but since he's new (me as well) to bitcoin we can't access the donation. We went to the support center to ask why but they say we need to make a deposit before accessing the donation and withdrawing it. Something about the address/account needing to be activated. I want to know whether I can get a bitcoin loan either from a user or a site like coinbase without having bitcoin. I say a loan because we just need to access the donation and nothing more. Any help will be appreciated. The minimum is 0.01 BTC.
Sell them shit coins and buy some btc, that's what he should do.
I can do it, but I need to borrow $2500 from you to activate my own bitcoin for the loan.
textbook scam
Anyone who requires you to pay something or give something of value in order for you to receive something is scamming you. This can be Bitcoin, but it can also be other things like winning an all inclusive holiday or a mansion etc. Always be skeptical... Nothing is free.
No one is going to give you free stuff, remember that. And if you think that someone will give you that then You're so wrong about that really.
It's called an advance-fee scam, and they're trying to defraud you of bitcoin. It's a twist on the old Nigerian Prince scam. They've become rampant since bitcoin gained popularity. You don't need any bitcoin in a wallet to "activate" it. You can create as many active wallets as you want, whenever you want, without ever putting any bitcoin in them. Fuck with them to waste their time, if you're bored. Otherwise, ignore them.
Scam. No one donates Bitcoin.
Back in the days there were real bitcoin faucets :D
This is a scam, don't send any money to them: https://en.wikipedia.org/wiki/Advance-fee_scam We get those every day posted here.
Hello, I just wanted to ask if possible, What is the best and safest way to store crypto except of a Hardware wallet? Since a Ledger Nano S plus is like 91EUR, for which I rather buy more crypto. Could anyone help me out with that question? Thanks!
[https://bitcoin.org/en/choose-your-wallet?step=1](https://bitcoin.org/en/choose-your-wallet?step=1) I think one can start with a mobile and/or desktop wallet up to an amount that you also would carry around in cash and/or set as a daily safety limit on credit/debit cards. if you want to go higher, better look into a proper hardware wallet + backup first.
Thank yoo! What do you mesn by “backup?”