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Showing 20 of 34 results by PortBy
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Board Bitcoin Discussion

Re: What are some of the dumbest arguments made against Bitcoin?
by
PortBy
on 18/04/2025, 07:46:49 UTC

My country is not still in mode of accepting Bitcoin and cryptocurrency. That's why it's not full legal crypto right now. So will sad that governments should work on things that they are afraid to do.
There are so many arguments they governments have to work.
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Board Bitcoin Discussion

Re: Bitcoin's fundamentals vs USD and fiat system
by
PortBy
on 18/04/2025, 07:43:16 UTC

believe that all fiat currencies, including the dollar, will fall in value at the same time, driving up the price of Bitcoin.  The fall will have the least impact on the dollar.  Trump won't be to blame for this; in fact, if he leaves office, the dollar might not be able to withstand the forces working against it.  There was enormous assistance from elsewhere during the Biden administration to prevent the dollar from collapsing, in part because of the president's mindset, which included censoring Russia from the dollar (which is more to blame than anything else for the so-called dedollarization), etc.  Additionally, the reserves of other countries are in dollars.  Support for Trump's takeover is progressively eroding.  And I believe he would perform admirably.
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Board Bitcoin Discussion

Re: All BTC in mempool can be stolen
by
PortBy
on 17/04/2025, 21:19:28 UTC

Since you will be wasting a lot of valuable resources without really mining and maintaining the network, this experiment will also become pointless and somewhat disastrous.  You're attempting to obtain some money in the interim, but it would be safer to focus all of your energy on just locating the next block.  "The tale malevolent operator" is what I refer to this as.  Someone is deceiving you to pay for a "new bitcoin" or locate a key.  You are putting in a lot of work with little assurance of success.  Are you certain that you will find a balance even if you receive a used key?
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Board Bitcoin Discussion

Re: USA converting gold reserves into bitcoins
by
PortBy
on 17/04/2025, 21:18:01 UTC

The question is whether they will stick to their stated commitment.  They can say that now, but if things don't work out in two or three years, they can easily say something unexpected that goes against their pledge.  I think they think that because they seen Germany's success with the Bitcoins they received, they should follow suit if they can.  The length of time they will be holding it is what I question.  Twenty years?  That's perfectly acceptable, but I doubt they'll actually do it.  Additionally, they would be able to control the price of Bitcoin on their own initiative because they will know that we only have a
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Board Legal

Re: The new heads of the SEC and CFTC
by
PortBy
on 17/04/2025, 21:16:37 UTC

quite difficult to see that, unless they change their policies and become a friendly head of the CFTC and SEC.  We are all aware that the majority of their rules do not apply to cryptocurrency and that they are slightly out of date.  Trump does, however, pledge to appoint crypto-friendly individuals to those crucial positions.  For the time being, we should assume that they may have new regulations in place to stop fraud in the cryptocurrency industry.
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Board Bitcoin Discussion

Re: Gold Hits Highs, Bitcoin Follows: A New Era for Hard Assets
by
PortBy
on 17/04/2025, 20:54:48 UTC

Gold made history by 3300 plus dollars. I shorted Gold from 2740 now it has so much high value......
Thanks God this was demo account and I am relieved now.
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Board Bitcoin Discussion

Re: Back After a Break – Bitcoin Halving & Anyone for Meme Coin?
by
PortBy
on 17/04/2025, 20:53:18 UTC

to learn that your health has improved!  As you say, every halving has its own twist. This one, in my opinion, is particularly interesting because of how much institutional infrastructure has changed since the last cycle; we are no longer in the same market with regard to ETFs, custody solutions, and regulatory clarity in some areas.  I'm getting ready by progressively stacking Bitcoin while also reinvesting a portion of my earnings in initiatives that are creating real use, such as layer 2s and restaking protocols.  Regarding meme coins, it's evident that they've developed into a novel form of social investing from simple hype.  However, unless they swiftly switch to real habitats or find a new home, the majority of them still do not make it past their first pump.
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Board Bitcoin Discussion

Re: 21 Truths about Bitcoin: By Michael Saylor
by
PortBy
on 17/04/2025, 20:52:00 UTC

You can post about this so much as you want. AI is now a days in full trend. So still great work.
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Board Bitcoin Discussion

Re: What is this man trying to do?
by
PortBy
on 17/04/2025, 20:50:41 UTC

It's funny that people will always wonder who Satoshi is.  Though they will never receive answers, people will continue to wonder who Satoshi is.  They find it painful that this has been going on for so long and that no security agency in the world has revealed the true Satoshi as of yet.  However, since the answers to previous questions have been made public, why not expose Satoshi's true identity?  Is the puzzle difficult to solve?  The majority of people find it difficult to understand that Satoshi will continue to remain anonymous for a long time.
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Board Bitcoin Discussion

Re: Is Bitcoin Ready for a New Era?
by
PortBy
on 17/04/2025, 20:49:26 UTC

This is really a typical market reaction, and as traders, it is crucial to continuously exercise patience in the market. We must always experience both the positive and negative aspects of the market.  Fear frequently causes people to lose their investments at a single market change without holding onto them for an extended period of time. Of course, real-time investors take advantage of every change to add enough Bitcoin to their portfolio, but those who are weak or afraid continue to sell their holdings because they lack confidence in their investments.
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Board Bitcoin Discussion

Re: Tracking Bitcoin price versus tracking share market price trends
by
PortBy
on 17/04/2025, 20:47:03 UTC

You must take into account that the performance of cryptocurrency will not always follow that of traditional markets because it is significantly more volatile than the stock market.  Market swings and the so-called "expert" explanations are all we watch on live television, but in practice, those analysts are frequently incorrect.  Given how frequently their predictions turn out to be incorrect, it could actually be wiser to wager against them.
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Board Bitcoin Discussion

Re: Bitcoin FiilmFest 2025
by
PortBy
on 17/04/2025, 20:45:19 UTC

This is intriguing.  None of the films mentioned in the OP have ever been viewed by me, nor have I ever seen a trailer for any of them.  I suppose there aren't any well-known actors in the films that can attract viewers.  I looked up the plot of the movie "Hodl" online after seeing the topic, and it looks like a really intriguing one.  But in the film, the word "hold" means "hang on for dear life."  That, in my opinion, is a misuse of the phrase, and because the show is, as they claim, supported by cryptocurrency, it ought to have all the facts correct.
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Board Mining

Re: Cheap ASIC option for BTC solo mining
by
PortBy
on 17/04/2025, 20:43:55 UTC

Does a Canaan Avalon Nano 5s cost $700?  Do you have any doubts?  Since LuckyMiner with 4.5TH only uses 120W and costs $203 right now.  You can purchase more than one Lucky Miner LV08 to use up your 500 watts of available power.  I helped someone order an Avalon 3 instead of the S version on AliExpress, and it arrived in my country a week later for just $210. The Avalon 3 also comes with 4TH, and it uses the same amount of power as the Lucky miner (140watt). In regards to the Canaan Avalon, I believe it is a little pricey in your area.  Go to another retailer; the Nano 3s should cost no more than $330 to $370.
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Board Mining

Re: How mining nearly took my life
by
PortBy
on 17/04/2025, 20:39:08 UTC

Having a dozen technology devices running constantly in your bedroom can lead to certain health problems.  The majority of these issues arise from a lack of airflow in the space or from volatile organic compounds released by dust from melting plastic or burning off hot GPUs.  Generally speaking, as long as you maintain your room dust-free and well-ventilated, hosting a small rig in your room is safe, depending on the size of your setup.  Dust can obviously become a major problem when a mining rig is operating in your room; after all, it's essentially a dust collector, which can be dangerous if not used correctly.  Keeping things dust-free and ensuring adequate airflow are, once more, the key concerns.
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Board Mining

Re: plug and play miner
by
PortBy
on 17/04/2025, 20:31:37 UTC

Additionally, remember that if you are profitable today with Bitcoin at $87500, it does not always guarantee you will be lucrative tomorrow if it collapses to $75000.  The same is true if Bitcoin rises; you might not be able to turn a profit today, but if it reaches $120,000, you might be well on your way to financial success.  Power is no different.  Profits may also be lost if you make the 25% rise from $0.04 kw to $0.05 kw.  Cost changes, even little ones, could have a significant impact.  Include any additional expenses, such as additional cooling required for the miner's location.  Dave
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Board Mining

Re: Do you buy ASIC miners from China?
by
PortBy
on 17/04/2025, 20:23:50 UTC

There are hazards associated with purchasing an ASIC miner, particularly given the lengthy shipping time frames and possible damage.  I would search for reputable local distributors or resellers that provide warranties and simpler return policies in order to lower risk.  I would carefully review the warranty details and think about paying more for better shipping protection if I had to place my order directly.
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Board Mining

Re: Is cloud mining still worth it?
by
PortBy
on 17/04/2025, 20:06:22 UTC

As you mentioned, the market is currently bearish, thus I believe that now would be a good moment to mine bitcoin or other cryptocurrencies.  This is different from the past, when there was no such thing as "spread money" and some tokens or coins seemed to increase more easily during bullish times. Regretfully, I believe that cloud mining is a little less worthwhile at this time because we know that it is the same as speculating and hoping for a high increase in the tokens or coins that we have mined.  Therefore, I believe that investing in cryptocurrency, particularly Bitcoin, is preferable to cloud mining, cmiiw.
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Board Mining

Re: How can i mine BTC?
by
PortBy
on 17/04/2025, 20:00:03 UTC

It might be too late for you to explore mining, in my opinion, depending on a few key variables.  In the past, mining was far more lucrative than it is now, when a setup requires a huge hash rate.  In contrast to today, mining was feasible back then with a decent GPU and CPU.  The expense of purchasing, maintaining, and even using electricity to run the goods is another significant setback. If you live in an area with high electricity costs, you may occasionally lose money or make no profit at all.
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Board Development & Technical Discussion
Merits 1 from 1 user

Re: What if the Internet shuts down? !!
by
PortBy
on 17/04/2025, 19:53:56 UTC
⭐ Merited by Maxre (1)

In a situation like this, there should be a "day zero," which means that Bitcoin should stop being utilized regardless of whether half of the world is still without electricity. When it is restored, it should make up for that moment of failure.  By doing this, you can prevent 51% attacks or low-difficulty block mining, which could be disastrous, similar to inadvertently offering a product at a discount in a store.  The Bitcoin network would supposedly "mark" a block as a secure reference point on a regular basis.  This marked block would serve as a worldwide agreement regarding the chain's current state.  in the case of a catastrophic incident, such a 51% attack or a widespread outage.
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Board Bitcoin Discussion

Re: China and Russia Embrace Bitcoin for Trade
by
PortBy
on 17/04/2025, 19:38:35 UTC

Although I knew that China and Russia were BRICS members and that this was how they hit the dollar during the economic war, I was not shocked if they used Bitcoin as a trading method. However, I believe that Bitcoin is unaffected by their use of the Bitcoin network as a trading route.  According to my observations, the dollar also had little effect. The government used Bitcoin for trade routes, but Chinese and Russians continued to use the dollar, with the exception that both nations forbid the use of dollars in Bitcoin transactions. As a result, the dollar now only significantly influences the growth of Bitcoin.