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Re: Everything you wanted to know about Bitcoin Strategic Reserve.
Several countries have either established or are considering the creation of strategic Bitcoin reserves:
Amongst the established Bitcoin Reserves:
Some other nations have proposed to instate a domestic SBR:
I think more countries are starting to see Bitcoin as a legitimate asset. El Salvador took the first big step by adopting Bitcoin as legal tender in 2021, they holding over 5,900 BTC. Bhutan has also jumped on the bandwagon, mining Bitcoin with its clean energy, accumulating more than 12,000 BTC so far.Amongst the established Bitcoin Reserves:
- El Salvador: In September 2021, El Salvador became the first country to adopt Bitcoin as a legal tender. Since then, the Government has accumulated approximately 5,940 bitcoins, valued at around $582 million as of November 2024. They perform both open market purchases (they are buying one bitcoin per day since) and mining operations.
- Bhutan: The Kingdom of Bhutan has been mining Bitcoin using its hydroelectric resources since 2019. More info can be read here : Bhutan Built A Bitcoin Mine On The Site Of Its Failed' Education City.
As of November 2024, Bhutan holds about 12,211 bitcoins worth over $1 billion.
Contrary to other nations, Bhutan has been quite active in the market, regularly selling the Bitcoin they mined
Some other nations have proposed to instate a domestic SBR:
- Brazil: In November 2024, Brazilian Congressman Eros Biondini, a Brazilian Congressman, proposed a bill to create a Sovereign Strategic Reserve of Bitcoins (RESBit). The proposal involved buying Bitcoin up to 5% of Brazil's international reserves. The initiative seeks to reduce the fluctuation of Brazilian real estate in order to protect the economy and develop resilience.
- Poland: Presidential candidate Sławomir Mentzen has advocated for the establishment of a strategic Bitcoin reserve, along with implementing crypto-friendly regulations to attract investment and increase financial flexibility.
https://talkimg.com/images/2024/12/09/p5aUZ.png - Russia: Anton Tkachev has proposed accumulating cryptocurrencies in the state treasury, viewing digital assets as potential alternatives to the US dollar in international transactions and tackling the sanctions. Russia has been a heavy gold buyer during the last few years.
Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report
Countries like Brazil, Poland, and Russia are exploring how they could use Bitcoin to strengthen their financial systems. Brazil, for example, is even thinking about adding Bitcoin to its reserves to help stabilize its economy. Russia views Bitcoin as a way to fight sanctions and reduce dependence on the dollar.
I think it’s clear—Bitcoin is no longer just a speculative investment. It’s becoming a key piece of the financial puzzle for nations. Who knows? More countries might follow suit soon.
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There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons."
I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.Yes... so many traders either think that they are smart or that they can figure out how to trade in a way that is more profitable than if they had not fucked around with trading, when the facts of the matter remains that trading is ultimately a losing game for an overwhelming majority of normies.. so it remains way better to presume an inability to beat the market than presumptively expecting that you have any meaningful odds of beating it, especially when dealing with one of the best if not the best of assets that man has seen (namely bitcoin), so instead of remaining and accumulating value within a sure bet (or a pretty damned good bet), way too many normies fantasize that they can do even better by selling high and buying back lower, and it is a pretty rare trader that actually is able to beat a bitcoin investor who had mostly focused on accumulating and holding.. especially the longer the timeline the more likely that a trader has not even come close to the level of returns of holding and accumulating bitcoin, and really why would you? You have a sure bet (or pretty damned good bet) by buying bitcoin and you want to be smart ass and think that you can do better, and what you going to do? Tell others that they can do better also. What a bunch of nonsense.
By the way dominance is a dumb metric, and shows that you ar likely distracted into dumb things, including shitcoins, and yeah guys try to get in and out of shitcoins, since they are so smart and they think that they have it figured out or they will be able to get lucky or they have "insider information", but really largely a losing game full of distractions and nonsensical fantasies of getting rich quick.
Let me give you a bitcoin specific example.
What if you have a guy who is pretty consistent in his investing into bitcoin, and he decided that he was going to invest into bitcoin over two whole cycles, and he had invested into bitcoin over the past 8 years at $200 per week, which would have had been $83.6k invested over 8 years, and right now he would have about 10.347 BTC which have a spot price value of about $1 million (about 12x in profits) and a 200-WMA value of about $450k (about 5.4x in profits).. and surely either way, those are good returns, and you expect to be able to get returns better than that?
You think that you can beat those returns or that you need to beat those kinds of returns? Why get greedy? and bitcoin is not showing itself as being any worse investment right now as compared to what it was 8 years ago, even if some of the upside might not be as high as it was, yet bitcoin still has a lot of ongoing upward potential and remains amongst the best of investments (if not the best) currently available across the whole planet for anyone figuring out ways to source their BTC purchases, build their BTC stash size and hold through years, such as 4-10 years or more. When investing long term, we can consider upside and downside risks and/or benefits, and we can consider that the future is not guaranteed so we have to figure out our position size and our method in such a way to figure out whether our having had invested into bitcoin is likely to give us more options or not, and hopefully we don't screw up a good potential investment by fucking around and trying to trade it... but yeah, people can do what they like.
Whether this particular guy from my example has enough bitcoin or not or maybe he wants to keep accumulating bitcoin at this time, yet his having had built a bitcoin stash that is more than 10 BTC is in a pretty good place with the amount of capital that he had invested so far.
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The example you showed above is totally different from what you are arguing about. The people who invested in bitcoin when the price was still at $60k didn't just wake up and invest in bitcoin, and all of a sudden the price surged to $100k. They had held their bitcoin for a long time before they were able to witness the $100k price. Bitcoin is not a pump-and-dump coin that you expect to get huge profit in a short term after investing your money in it. You have to hold your bitcoin for at least 4 years before you can see the profit you are talking about. And you shouldn't invest in bitcoin because you heard that someone made huge profits from it. You should invest in bitcoin at you own will, and before you invest in bitcoin, you should understand that bitcoin is volatile in nature and is not a quick way to get rich, so that when you start investing in bitcoin and the price drops, you will not panic and sell your bitcoin at a loss because you already know that is the nature of bitcoin, and with time it will increase again to the level where you will be in profit.Not only do normies tend to sell too many bitcoin too soon, they also frequently fail/refuse to stay focused on consistently buying bitcoin over years and years, and surely it seems quite likely that if a guy is building up his bitcoin investment for years and years, then he is likely going to have more options, and does not have to get worked up about trying to time some up and down price waves or even worry himself about bitcoin volatility, even though sure bitcoin is quite likely going to continue to be volatile for many years to come, and so any person geting into bitcoin and staying in bitcoin likely has to figure the volatility into his management of his own systems of continuing to buy bitcoin and/or his psychological expectations about the value of his holdings changing based on ongoing expected changes (perhaps even inevitable changes) in bitcoin prices in the coming 5-20 years and further into the future.
It's true that many people get distracted by the idea of beating the market, but as you rightly pointed out, consistent long-term holding and accumulation of Bitcoin often yield the best results. Trading in and out based on market metrics like dominance or short-term trends often leads to losses for most. Bitcoin’s volatility can be tough, but staying patient and focused on long-term goals is key. The real power lies in understanding Bitcoin’s potential over years, not just focusing on short-term fluctuations.
Always buying at the considered dip requires extra ammos. This will be tough for an average bitcoiner.
What makes people refrain from doing buying action during every dip is confusion and doubt. Analyzing the current trend is one of the recipes in making a speculation which will result on next strategy. At most of the cases, if we say today is downtrend, it will be the case that will lasts for long period. But sometimes, people doesn't think of other way around that even how powerful a trend is, it can be reversed anytime.
So what to do now? Trust your judgement if it was properly analyzed. After all, if the purpose is really to HODL for long, people can considered every price level as dipping level*.
Honestly speaking, the telegram has now become the den of hackers and scammers that even a chat from strangers is very suspicious that needs to be extremely careful and cautious. Clicking on links sent to your dm should be avoided especially when you are recieving it from an unknown account that you have never chatted in the past. Always remember that admin or mods do not dm first on telegram channels or groups so if anyone dm you claiming what they are not, you have every right to report and block them right the way. Your safety should be your concern so as to protect yourself from scammers and hackers. Do not chat with strangers as they may lure you into clicking link sent to you all in the name of wanting to help you resolve an issues in diguse to be admins and mods.
This is not new and it happens long time ago. This is also the reason why I don't like to use that platform since anyone can create the same name with famous people that's why lots of people get exploited and scammed especially if they are new then didn't know that such activities happened there.
That's why its really good to verify always who are those people reaching you out since once you post something in the community you are following for sure that you receive a lot of message from scammers so better not to entertain any of those. Then also remember the word that admin on groups will never send you pm first usually the people do that are frauds.
my advice is never to click on any link on telegram, unless you are sure about the person or know the person in telegram
Not only on telegram, do not click on random links anywhere; that is how scammers compromise people's devices and steal their funds from them. That being said, it is advisable to keep your assets in a non-custodial/offline wallet, so that if you click a random link by mistake, you will not lose your assets to scammers or you will only lose a small amount that you kept in your online/hot wallet.Avoiding random links and keeping assets in a non-custodial wallet is very important. Additionally, it is wise to use only official websites and apps, and enabling two-factor authentication adds an extra layer of security. Keeping limited funds in a hot wallet also reduces risk. Staying cautious ensures safety.
With the expansion of Telegram's services, the increase in scammers has undoubtedly grown several folds. However, if it becomes necessary to access any link, it would be wise to verify the link beforehand. I personally use the VirusTotal website for this purpose, and it might be helpful for many others as well.
There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons."
Re: Cloud mining and investment program from unknown sites are scam
Earning without effort is a sign of a greedy mentality, but unfortunately, due to time, circumstances, or other reasons, we often fall into this trap. Among these, the desire to achieve quick results in everything is one of the key reasons. However, I am not entirely against cloud mining. Many of us, especially beginners, fall into such scams due to limited knowledge about hardware, the hope of quick profits, lack of proper guidance, laziness, etc. For experienced individuals, the situation is different. Cloud mining can be pursued by conducting thorough research, although most of these platforms are scams. By carefully evaluating certain features, the right site can be selected. However, my personal opinion is that beginners should avoid cloud mining.
Creating fake transactions is a common tactic used by fraudsters, which may temporarily appear legitimate. They lure people with false promises like "doubling Bitcoin."
Impersonating reputable organizations is another method they use to deceive.
By conducting thorough research, such scams can be avoided more effectively.
https://medium.com/%40Dexfiat/flash-coin-scam-1300ef244083
Impersonating reputable organizations is another method they use to deceive.
By conducting thorough research, such scams can be avoided more effectively.
https://medium.com/%40Dexfiat/flash-coin-scam-1300ef244083
I don't know if opening a thread on this topic is appropriate, but I feel the need to open this thread due to the possible damages recently caused.
Recently, the "Devil's Wind" has caused widespread wildfires in California, particularly in areas like Los Angeles, leading to significant damage. These winds are dry, warm, and fast-moving, which makes them conducive to wildfires.
I have learned that recently, some people lost their cryptocurrency holdings due to the fires in Los Angeles. Their homes and the private keys to their wallets were destroyed. For example, a 70-year-old woman lost her apartment to the fire, along with her cryptocurrency. She had written her private key on paper, which was destroyed in the fire. As a result, she permanently lost access to her digital assets.
There are some effective steps we can take to protect ourselves from such losses:
Using hardware wallets like Ledger or Trezor to keep private keys offline, which provides physical security and protects from loss or destruction.
Keeping backups of private keys or recovery phrases in multiple secure locations.
Using wallets that require multiple signatures for access.
If private keys are written on paper, ensuring that the storage location is fireproof.
Recently, the "Devil's Wind" has caused widespread wildfires in California, particularly in areas like Los Angeles, leading to significant damage. These winds are dry, warm, and fast-moving, which makes them conducive to wildfires.
I have learned that recently, some people lost their cryptocurrency holdings due to the fires in Los Angeles. Their homes and the private keys to their wallets were destroyed. For example, a 70-year-old woman lost her apartment to the fire, along with her cryptocurrency. She had written her private key on paper, which was destroyed in the fire. As a result, she permanently lost access to her digital assets.
There are some effective steps we can take to protect ourselves from such losses:
Using hardware wallets like Ledger or Trezor to keep private keys offline, which provides physical security and protects from loss or destruction.
Keeping backups of private keys or recovery phrases in multiple secure locations.
Using wallets that require multiple signatures for access.
If private keys are written on paper, ensuring that the storage location is fireproof.
Re: Niacin / Glutamine deficiencies negatively affecting life-quality / longevity?
Might we have deficiencies in Niacin and/or Glutamine negatively affecting the quality of our lives and/or our longevity?
And some of the discussions in the podcast regarding absorption of various nutrients and interactions (such as drugs and nutrients) was a bit beyond my abilities to comprehend, and even his suggestion that certain kinds of products were more pure or less pure is not a kind of discussion that comforts me very much, because I find that sometimes when the cure or the way forward is too technical, then I become more suspicious in regards to whether something is being sold to us.
And some of the discussions in the podcast regarding absorption of various nutrients and interactions (such as drugs and nutrients) was a bit beyond my abilities to comprehend, and even his suggestion that certain kinds of products were more pure or less pure is not a kind of discussion that comforts me very much, because I find that sometimes when the cure or the way forward is too technical, then I become more suspicious in regards to whether something is being sold to us.
I agree with your opinion. Advertisements that promise excessive and immediate results are often tempting but create suspicion. Still, due to necessity, we have to consume various supplements. The absence of harmful substances like pesticides, heavy metals, or unnecessary ingredients ensures the purity of the active components in the supplements. Such harmful substances reduce the body's nutrient absorption capacity. Pure supplements provide the correct dosage, which reduces side effects and ensures effectiveness. In this case, choosing the appropriate supplement is important.
Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
People who invest in Bitcoin are basically investing in Bitcoin for the long term. You should note that Bitcoin investments are only made by those people who live in the modern world today.
Those who deposit money in banks get low interest rates but the money is not deposited with them, it is owned by a third party. But Bitcoin is the only coin that is currently in circulation all over the world. If you invest in Bitcoin instead of keeping money in the bank, then you will get more benefits here and you will not have a third party as the owner of your money.
You are depositing money in the bank month after month but you get 4 to 5% interest rate, but if you invest that amount of money in Bitcoin, then you will be ready to get double the amount of your money if your investment is long-term.
So you think, I see more complications in banks and there is risk in it, but in comparison, Bitcoin is not risky and the money will be available to you. I do not see any complications in investing in Bitcoin, only you have to have the ability to take risks.
I agree with your opinion. As a newbie, I have also learned a few things about this topic that I would like to share. I hope you will point out any gaps or errors in my understanding, which will be beneficial for me.
If someone is interested in long-term investments and seeks protection from inflation, I believe Bitcoin is the best option. This is because the annual interest rates provided by traditional banks are often lower than or only slightly above the rate of inflation. When inflation surpasses the interest rate on deposits, the real value of savings decreases over time.
To understand this better, it can be explained as follows:
Subtract the inflation rate from the nominal interest rate to get the real return. For example, if the deposit interest rate is 3% and the inflation rate is 4%, the purchasing power decreases by -1%.
The primary reason for inflation is the uncontrolled printing of fiat currency. On the other hand, the supply of Bitcoin is limited (21 million), which cannot be increased arbitrarily. As a result, scarcity is created, and due to this scarcity, the value of Bitcoin tends to increase significantly (e.g., 50%), which can surpass inflation.
Bitcoin's decentralized nature and anti-inflationary design protect it from inflationary pressures. However, long-term investment in Bitcoin tends to yield better results.
Thank you for reading the post.
Have a nice day!
Beware some features we should keep in mind when choosing a crypto wallet
Firstly, we should explore some wallets to check their interface so that we can choose a more user-friendly interface. In this case, research the wallet reviews and community feedback to judge its reputation.
Secondly, we should choose a recovery-friendly wallet, meaning if anyone loses access to the wallet, there should be an easy recovery option.
Thirdly, we need to choose a wallet that supports our preferred coin.
Finally, security is the most important feature. There must be 2-factor authentication and encryption options to double-secure our valuable wallet.
Thank you for reading the post.
Secondly, we should choose a recovery-friendly wallet, meaning if anyone loses access to the wallet, there should be an easy recovery option.
Thirdly, we need to choose a wallet that supports our preferred coin.
Finally, security is the most important feature. There must be 2-factor authentication and encryption options to double-secure our valuable wallet.
Thank you for reading the post.
