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Showing 15 of 15 results by cn567
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Board Bitcoin Discussion
Re: I think Bitcoin is great as an asset and not as a Currency.
by
cn567
on 12/06/2021, 18:55:45 UTC
No Saylor didn't tweeted it but with the speed they are accumulating it won't be a shock that they own 20% of Bitcoin
No, I'm pretty sure that it'll be a shock. Owning 20% of Bitcoin means around 3,7 million bitcoins. Even if we assumed that exchange rate stayed the same (that will not, but anyway IF) they'd need around 129.5 billion dollars. Quite hard when MicroStrategy's net worth doesn't exceed the 10 digits.

See tbh I also don't know am I right or wrong I just had a thought and wanted people's opinion what I am thinking is right or wrong, but trust me HODLING BTC is not a good thing ONLY IF YOU WANT IT TO BE A CURRENCY, otherwise if you treat it as a Digital Gold which was it meant to be then HODLING is not at all a issue.
There's no reason to use bold and uppercase together, it's annoying and it feels like you're yelling. Whoever is satisfied with Bitcoin's functionalities can use it as a currency; it has properties that the traditional banking system lacks of.

I think my bold and capital letters have affected your eyes please read it again, Let us forget Michale Saylor

Jeff Bezos - 19 Trillion Crores Dollars
Bill Gates - 12.5 Trillion Crores Dollars
Mark Zuckerberg - 11.97 Trillion Crores Dollars

and many moreeee....

These guys can buy 20% Of Bitcoin Market Supply if they want and don't comeback with stupid comeback like it will be a bad wealth decision they are smart they won't do that or anything like that, be practical even I love and support bitcoin but just please sit back and think.

and I agree with the fact that it has properties that the traditional banking system lacks of, but what about the other economic problems it is creating please just the read my above message in which I have replied to someone you will understand what I am trying to say.
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Topic
Board Bitcoin Discussion
Re: I think Bitcoin is great as an asset and not as a Currency.
by
cn567
on 12/06/2021, 18:46:18 UTC
And to be honest I don’t like the concept of HODLING because it is a CRYPTOCURRENCY not a CRYPTOASSET, assets are meant to be hold and not currencies, Do you store use no right you spend them on things you love and buy it and that makes a country’s economy stable because their currency is trading each and every day, use, yen, euro, etc are regularly circulating and no on is holding it.
Bitcoin isn't just exclusively a currency, and mind you that it's yet to get to the level of mainstream adoption that'll mean it can be used as a currency like the USD, Yuan, Euro etc, thus for now it can be used as either a currency, an asset or whatever anyone wishes to do with it (except fraud). Bitcoin is and will never be like the traditional Fiat that's tied to the economy, Bitcoin is decentralized, with the users "being their own bank", and mind you that there are quite a lot of people who use Bitcoin to buy things every now and then.

Yes I know people use it to buy and sell stuff but the majority people are hodlers let me give you a simple example

You are a normal working man and is paid salary in Bitcoin, your salary is 20,000$ so your company gives you that much worth of bitcoin as salary, now the Bitcoin prices rises which means you 20k salary becomes 25-30k or more which is obviously very very good but what if that 20k become 15-10k so tell me is that a steady income every person has his calculations that he will this much and save this much but now the price has dropped so your whole monthly planning is messed up, your expenses are same as before but your salary is not same, now do you think is a great idea to adopt is as a currency.

AND I DON'T KNOW WHY GIVE SUCH EXAMPLES THEY THINK I HAVE PROBLEM WITH BITCOIN'S VOLATILITY, NO I DON'T I HAVE 0% PROB WITH IT I AM A FULL TIME TRADER, this might have happened to you if you are trading in crypto you might have plans to buy something but the prices go downs so ob you won't be able to buy that unless BTC restores it's price, majority of us a are a trader and we know that BTC will rise again but what about regular people they don't what will happen when will it go up or down they just want their money to fulfil their dreams.

One more thing GOD FORBID if anything happens to you or anyone in your family and let us assume Bitcoin is legal everywhere and you have to pay operation fees which is 34,000$ = almost 1 BTC acc to current market price, so you are about to pay 1 BTC and the prices went down to 28,000 then you have shortfall of 6000$ how will you arrange that ?

See there are many economical problems to use Bitcoin as a currency.
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Topic
Board Bitcoin Discussion
Re: I think Bitcoin is great as an asset and not as a Currency.
by
cn567
on 12/06/2021, 18:10:57 UTC
No Saylor didn't tweeted it but with the speed they are accumulating it won't be a shock that they own 20% of Bitcoin supply and let us assume he doesn't do that but anyone can do that if they have money, if a person i really really really rich then sure he can buy 20% of BTC and that's not fair to other people,

See tbh I also don't know am I right or wrong I just had a thought and wanted people's opinion what I am thinking is right or wrong, but trust me HODLING BTC is not a good thing ONLY IF YOU WANT IT TO BE A CURRENCY, otherwise if you treat it as a Digital Gold which was it meant to be then HODLING is not at all a issue.
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Topic
Board Bitcoin Discussion
Topic OP
I think Bitcoin is great as an asset and not as a Currency.
by
cn567
on 12/06/2021, 17:43:56 UTC
Hello everyone so first thing I believe in crypto and it is one of the best thing and de-fi is a revolutionary idea and I really love it. So everyone including me thought Bitcoin should be used as currency but after a period of time I realised something and I am just sharing with y’all to know if you all agree with me or not.

So recently we see Micro Strategy is buying and buying bitcoin and they are trying accumulate more and more and I read somewhere they are planning to buy 20-30% of the Bitcoin’s market supply, yes this information might be wrong but someone else who is rich can do this anyone with money and can accumulate bitcoin.

AND YES IK THEY HAVE STATED “ THAT THEY WILL NOT SELL BITCOIN FOR 100 YEARS”

So the problem with declaring or using Bitcoin as a currency is that it Is not good for the economy of that country if they have a currency which very limited, limited than gold as their currency and Bitcoin is a currency which rich people can afford, and yes I know we can buy bitcoin with even 10$ but that is not the point, the problem is that there is a rich person out there who is holding a really great % of bitcoin just because he/she has stated that they won’t sell bitcoin for 100 years you should not base your whole economy on that because it’s like putting a sword on your head what I they change their mind and start selling, a person who has 10$ worth bitcoin will become 1$ and you and me both agree that is bad for both country and people residing in it. Yes it will be temporary but no no one will know when will bitcoin restore it values and that can mess with government’s and people’s dream.

And one more thing if a person is a trying to accumulate more and more bitcoin then indirectly it will be centralised and we will just hope that they don’t sell and just ask your self do you want to depend on other people for your destiny.

And to be honest I don’t like the concept of HODLING because it is a CRYPTOCURRENCY not a CRYPTOASSET, assets are meant to be hold and not currencies, Do you store use no right you spend them on things you love and buy it and that makes a country’s economy stable because their currency is trading each and every day, use, yen, euro, etc are regularly circulating and no on is holding it.

Conclusion:

It depends on us what we want to shape crypto in a long term as an asset or as a currency, but we can’t have it both.

See I am just sharing my thoughts and want your opinion on this that do you agree with me or not.
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Board Legal
Topic OP
I think Bitcoin is great as an asset and not as a Currency.
by
cn567
on 12/06/2021, 17:33:51 UTC
Hello everyone so first thing I believe in crypto and it is one of the best thing and de-fi is a revolutionary idea and I really love it. So everyone including me thought Bitcoin should be used as currency but after a period of time I realised something and I am just sharing with y’all to know if you all agree with me or not.

So recently we see Micro Strategy is buying and buying bitcoin and they are trying accumulate more and more and I read somewhere they are planning to buy 20-30% of the Bitcoin’s market supply, yes this information might be wrong but someone else who is rich can do this anyone with money and can accumulate bitcoin.

AND YES IK THEY HAVE STATED “ THAT THEY WILL NOT SELL BITCOIN FOR 100 YEARS”

So the problem with declaring or using Bitcoin as a currency is that it Is not good for the economy of that country if they have a currency which very limited, limited than gold as their currency and Bitcoin is a currency which rich people can afford, and yes I know we can buy bitcoin with even 10$ but that is not the point, the problem is that there is a rich person out there who is holding a really great % of bitcoin just because he/she has stated that they won’t sell bitcoin for 100 years you should not base your whole economy on that because it’s like putting a sword on your head what I they change their mind and start selling, a person who has 10$ worth bitcoin will become 1$ and you and me both agree that is bad for both country and people residing in it. Yes it will be temporary but no no one will know when will bitcoin restore it values and that can mess with government’s and people’s dream.

And one more thing if a person is a trying to accumulate more and more bitcoin then indirectly it will be centralised and we will just hope that they don’t sell and just ask your self do you want to depend on other people for your destiny.

And to be honest I don’t like the concept of HODLING because it is a CRYPTOCURRENCY not a CRYPTOASSET, assets are meant to be hold and not currencies, Do you store use no right you spend them on things you love and buy it and that makes a country’s economy stable because their currency is trading each and every day, use, yen, euro, etc are regularly circulating and no on is holding it.

Conclusion:

It depends on us what we want to shape crypto in a long term as an asset or as a currency, but we can’t have it both.

See I am just sharing my thoughts and want your opinion on this that do you agree with me or not.

Post
Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 09:21:37 UTC
I have some solutions which can change the entire course of Bitcoin and all cryptocurrency in a good way, and I don’t if Satoshi Nakamoto thought about this or not but I need to speak to Satoshi Nakamoto or the like-minded individuals who are at the top of the market. To be honest I am not great with tech what I thought is all theoretical and  need someone to collaborate with.

This sent shivers down my spine. You sound like a prophet sent from the heavens above. Why don't you just present your solutions here and now so that everybody could see it and say something about it. Satoshi himself was very much open for discussions, suggestions, and even criticisms. This forum was exactly made for stuff to be openly discussed with everybody interested.

I was planning to do this but it's just that everyone thing I am just a 'newbie' so these newbie will show all of them really soon what he is capable of, and I would love to and will make Cryptocurrency a better place.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 09:14:22 UTC
If you really know how to make the crypto markets a better place,then why don't you just create your own altcoin and promote it?You can't change Bitcoin by just connecting with a few people here and there.You can't find and talk with Satoshi Nakamoto.
Yeah,it sucks to be in a bear market,but we've been in a bear market before.Man up and stop whining.
Good times will come and to,bad times will come and go as well.
You cannot save crypto from Elon Musk.Nobody can.
 


Yes after talking to y'all I thought the same because of many arrogant people in the comment section showed me attitude because of being a newbie and that's the thing everybody thought before 2008, decentralised currency is possible or what not but the rest is the history and it doesn't matter to me if it's a bear market or bullish I am just scared people are getting scared and leaving this industry and we all know that is not good at all, so I gave a thought to your idea and that's what I am doing I will launch my own alt coin in next 3-4 years and trust I won't need to promote because all the so called 'seniors' will sniff like a dog and will find my coin and buy it.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 09:07:31 UTC
Hello everyone so we can see the current market is really bad for all investors...

Sorry for your loss, but cryptocurrencies don't need saving. Plus, if they can't succeed on their own, the aren't worth saving.


I don't know about you, but it is a newbie in this forum that supposedly has some answers about crypto. What does the Legendary members say about that. I mean all the Seniors and the Heros and the Legendarys here have been here in this forum for a long, long, loong time and we are seem fine with the current state of affairs for crypto. We accept that corrections happen, and people come and go in crypto. Now we see a newb here giving us a rant about Elon and how he supposedly manipulates some coins and world gone crazy over it and laments how he is bad for cryptocurrency in general. What do you think? I have read some comments but I am not about the comments I am about the nature of the newbie, I think he does not want to give his real username and he is also an old member in this forum. What do you think?

yes I might be newbie to this forum but I have been in crypto from last 6 years, yea it might be possible you guys have much more experience and please don't show me your attitude, I just thought of some things and thought it could make crypto a great community but if it is filled with arrogant people like you then let it be I don't need to explain or owe you anything you do you and just for god sake take a screenshot of my user id because you might see it in the headlines soon.
 
and please never underestimate just because you are senior or legendary.

Thank you have a great day.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 08:58:59 UTC


If you want to know those solutions please mail me on: cn567@criptext.com and we can collaborate save the the crypto from shit people like Elon Musk.

What about Saving people from the Shit Like you? look how you want this to work? after breaking Elon Musk name and now you wanted us to Email you first before learning your stand?

if you are truthful in your intention then why not just tell us straight here and why need to go through your Email first?

This sounds in question for me because you have hidden intention here lol. don't fool us .



Please read my mail carefully as I told that I am not that great with tech what I have thought is just theoretical and not practical and need someone whom I can explain everything in detail posting this doesn't get me any profit I have a great idea and need someone to talk and discuss if that is possible or not so I am sorry if you had any prob to mail me and I got some mails and we are working on it and figuring out and not want to brag but they agreed with my idea.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 04:48:50 UTC
Hello everyone so we can see the current market is really bad for all investors...

Sorry for your loss, but cryptocurrencies don't need saving. Plus, if they can't succeed on their own, the aren't worth saving.



It is not about my loss I am still HODLING but I saw many retail investors who got REKT yea I know they should only invest how much they can afford to lose but what's done is done and volatility of these market is scaring new investors and due to which we won't have new buyers in the market, and I think volatility can be maintained to some points if we my ideas are possible or practical.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 04:37:34 UTC
There's no perfect system and everything has its own flaws. We can't remove manipulators in the market since they were part of the society that helps sometimes and we should accept the fact that there are people like them especially if you can't compete with them. We were just a small fish trying to gain something from these whales.

And if you want to talk about the solution you are talking about.
Why not post or make a thread about it and post it on Development & Technical Discussion.
Bitcoin is an open-source and everyone need to know what you are planning about it and that makes Bitcoin great as a decentralized crypto.


Yes ik every System has it's flaws but we should try to solve those problems and I am definitely going to post it Development & Technical Discussion, really soon once I figure out everything and it sounds more practical.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 04:30:27 UTC
The likes of Elon Musk are the reason we could record the boom recorded within the ending of last year till to weeks ago in the Cryptocurrency world. And there is no doubt that we still need them to make the Cryptocurrency recover what it has lost in value, that is if the bear market is not yet in place.


THAT'S THE PROBLEM WE DON'T NEED PEOPLE LIKE ELON MUSK BITCOIN WAS DOING JUST FINE WITHOUT ELON MUSK, BITCOIN IS A GREAT TECH IN ITSELF AND IT CAN GROW ON IT'S OWN.
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Topic
Board Bitcoin Discussion
Re: SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 24/05/2021, 04:21:56 UTC
There is nothing wrong with the core concept of bitcoin, even if there is currently a sell-off which naturally depresses prices.

Nothing about the core functionality of bitcoin changes whether the price is $1000 per btc, 5000 or 5 million.

The panic threads are created by gamblers who are enraged when their money doubling scheme didn't work out in the short term.


I know there is nothing wrong with bitcoin and it is one of the best thing in the world but there are some changes to be implemented because we all know the stories of dinosaurs they didn't accept the changes and they got extinct, yes I know bitcoin can ever get extinct but because of these manipulation it is not different than stocks.
Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Topic OP
Why altcoins are backed by Bitcoin?
by
cn567
on 24/05/2021, 01:27:22 UTC
⭐ Merited by philipma1957 (1)
So I am a newbie and I always had this question in my mind why all altcoins are backed with BTC because at times like these altcoins are the most affected one there are some really great altcoins out there but due to this correction we can see a massive drop in those coins and I don't think it is fair to other coins that because of only one single coin they also see a massive drop.

I am saying again I am just a newbie who is trying to understand these market.

Thank you
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Topic
Board Bitcoin Discussion
Topic OP
SAVE CRYPTO FROM PEOPLE LIKE ELON MUSK
by
cn567
on 23/05/2021, 16:06:40 UTC
Hello everyone so we can see the current market is really bad for all investors and let's accept the fact that there is some drawbacks to crypto currency, somewhere someone is manipulating or influencing indirectly and that's not good for a long run.

Cryptocurrency is a really great concept with great innovations but somewhere it is lacking, crypto was a really great concept back then but with time problems started arising, yes volatility is the nature of crypto but what is happening is really bad for the market there are many retails investors who got REKT which is not that good because people are scared and thinking to exit this market because of some manipulators or influencers like Elon Musk.

As I said crypto was a really great concept long back but with time problems started arising because tech behind bitcoin is not getting updated and each and every coin is dependent on Bitcoin directly or indirectly. As we can see the current correction in BTC really potential and great coins saw a massive drop because a drop in Bitcoin, all the alt coins are connected with bitcoin and because of one single coin the whole market is filled with blood.

I have some solutions which can change the entire course of Bitcoin and all cryptocurrency in a good way, and I don’t if Satoshi Nakamoto thought about this or not but I need to speak to Satoshi Nakamoto or the like-minded individuals who are at the top of the market. To be honest I am not great with tech what I thought is all theoretical and  need someone to collaborate with.

TRUST ME IF THIS WORKS MARKET WILL MUCH MUCH BETTER AND CRYPTO WILL BE ACCEPTED BY ALL GOVERNMENTS.

If you want to know those solutions please mail me on: cn567@criptext.com and we can collaborate save the the crypto from shit people like Elon Musk.