Search content
Sort by
Showing 20 of 57 results by nemesis_incarnate
Re: Would it be good for bitcoin if the government is buying?
We can't stop the governments if they choose to also get into the adoption to buying as much as they can. Need I remind you bitcoin is open to anyone to own as much as they can afford to. Both the institutional and retail investors are all in for the profit as well as the government. What's paramount is for us to continue to accumulate as much as possible before the government nosedive which would invariably be for more profits to our portfolio's as early birds before the government.
As for the power to control, I am not certain on that except we're saying here it's just a single government of one country that would buying, because hypothetically, when different government's gets to adopt bitcoin it's going to be competitive leaving control to no single government in general. A course that would be greatly profitable to the early holders.
As for the power to control, I am not certain on that except we're saying here it's just a single government of one country that would buying, because hypothetically, when different government's gets to adopt bitcoin it's going to be competitive leaving control to no single government in general. A course that would be greatly profitable to the early holders.
We cannot stop the big guys - but we can still go and buy BTC and spend it too if needed - and I think that is what matters most here.
I'm not sure of how Bitcoin reduces poverty.
Let me just assume that you meant "hardwork" reduces poverty.
One thing about Bitcoin is that it helps to protect one's wealth. One thing is for you to labour, while another thing is for you to see your hard labour produce a good result that will stay for a long time, which I think Bitcoin does.
Let me just assume that you meant "hardwork" reduces poverty.
One thing about Bitcoin is that it helps to protect one's wealth. One thing is for you to labour, while another thing is for you to see your hard labour produce a good result that will stay for a long time, which I think Bitcoin does.
BTC only helps to keep the value it represents be the same value and become even bigger one, but not smaller one in the perspective, it's a store of sorts.
And one should have so many BTC go forward only via investing into it.. That it's not about poverty anymore, probably.
^
Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.
At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.
Only if there are commissions that would bite, that would be the case. Other than that - I believe that would at least minimize the suspicion.
Re: Maldives Launches $9B Blockchain Hub to Boost Economy & GDP.
I saw this yesterday but I did not post about it as it lacks information like bitcoin. They should all not be deceived with crypto as some countries are making the mistake of generalizing everything. We all know how crypto is full of pump and dump coins and this may mislead people. It would have been better if it is majorly about bitcoin instead of generalizing it.
Such hubs surely would love something lucrative more than something stable, but let's see about that.
Maybe there will be a ray of light for BTC in there too.
This is being pushed hard by the crypto lobby, but I don’t think this is what the taxpayers want. If special interests can just buy politicians, it opens the door for companies like Ripple and other scams to use government funds as their exit liquidity. It already happened at the federal level, where Solana and Cardano got pumped because Trump decided to include them in the digital asset stockpile.
We're not looking on it actually ( not our concern), what crypto enthusiasts want is for governments to embrace crypto, because that could be a huge boost for Bitcoin’s future. If they start treating it as a strategic reserve, that alone is a big confidence booster. And with that kind of move, the massive adoption we’ve been hoping for could finally start to happen.
First the reserves, next - day-to-day things, or at least big purchases that would become a norm around the countries in question.
Re: $290 Million Crypto Ponzi Scheme in Brazil (Seized)
Just a factor but if you combine it with greed then this is perfect formula for people to get scam just like what happen on the subject.
For many times that this scams has been discussed don't know why there's still people take a risk to invest with these ponzi schemes. There are lots of educational and unfortunate stories release by media about this crypto scams, but people didn't learn. To bad for these people is they always want to learn from their bad experiences that's why they suffer badly when they get scam. If people will just became more smart enough to decline easily those scam offers for sure we won't see anything like this and there are few people will fall from these schemes.
For many times that this scams has been discussed don't know why there's still people take a risk to invest with these ponzi schemes. There are lots of educational and unfortunate stories release by media about this crypto scams, but people didn't learn. To bad for these people is they always want to learn from their bad experiences that's why they suffer badly when they get scam. If people will just became more smart enough to decline easily those scam offers for sure we won't see anything like this and there are few people will fall from these schemes.
As bad as it may sound, the best teacher is when you do it yourself - good or a bad thing, you still learn the most when you do it like that.
Everybody has chances to go through such ponzis, but many still succumb to them.
Re: $290 Million Crypto Ponzi Scheme in Brazil (Seized)
The answer would be - never. But there are actions that may prevent such events from happening too often.
There will always be gaps in regards of people who may believe in the schemes that would drain them up - but as time goes on, everybody becomes more aware of them. And then schemers become smarter or come up with something new. And the cycle continues.
There will always be gaps in regards of people who may believe in the schemes that would drain them up - but as time goes on, everybody becomes more aware of them. And then schemers become smarter or come up with something new. And the cycle continues.
I would suggest you first sell everything to usdt at the peak of the bull market, and hold your stable coins for sometime. You could probably go for a vacation or stay away from the chart so you don’t fomo at every single bounce. Study the market and know when to buy close or around the bottom, that way you will buy cheaper bitcoin and you will have a larger stalk than buying the top
Yes this is the plan.
I dont see the point in selling my altcoin profits into Bitcoin when Bitcoin is near the top.
Best to wait 6-12 months for it to crash again next bear market and then start buying.
I think we will succeed if we do not going to drop our bags too early.
Even if we do that near the ATH, not exactly on it, we would still be accomplishing most of what we envision.
Re: China to dump their US treasury holdings for BTC.
Honestly, sounds like too good to be true, if china can have a deal with the US, it's more likely that they gonna buy US treasury bonds again.
Nobody know what's gonna happen with next few months, for all I know, it can be that the US and China finally make a deal and the conflict is settled.
Nobody know what's gonna happen with next few months, for all I know, it can be that the US and China finally make a deal and the conflict is settled.
Big games that affect smaller people.
I too think it's a bit too optimistic for China to go for BTC, but hey - never say never.
It's the opposite - holding = not using, not using = degrading adoption and more volatility due to traders having more power over the price.
/Over&Out.
/Over&Out.
For now, BTC is the best store of value. Maybe it will become a better alternative as a use case for paying up for services / so on, but not now.
There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?
By virtue of Bitcoin's creation, plan and structure, anyone can cheat the system of unfavourable government towards it.You can amass your Bitcoin and find a way to change it back into the fiat that your country wants, it's as easy as that. My country has experienced both support and attack from the government, but no one has been crucified for dealing with Bitcoin.
I do agree with you - loopholes are everywhere, one should just work around to find them and utilize them accordingly.
Re: Grocery giant SPAR accepting Bitcoin payments via lightning network
This is positive news for Bitcoin and the Lightning network for sure.
The thread title is slightly misleading because its only a pilot scheme in one country and IMO I
dont see Lightning payments being a massive payment channel for them, I hope I'm wrong though.
My reasoning is that FIAT is still the predominant means by which people get paid their salary
so its FIAT which will be paid by the vast majority of people through Google Pay, Apple Pay,
Chip and Pin and Tap and Go card payments as well as Cash.
While it might prove successful in Switzerland where there is a sizeable crypto community in a
relatively small area, globally though it may not be successful, hopefully I'm wrong.
The thread title is slightly misleading because its only a pilot scheme in one country and IMO I
dont see Lightning payments being a massive payment channel for them, I hope I'm wrong though.
My reasoning is that FIAT is still the predominant means by which people get paid their salary
so its FIAT which will be paid by the vast majority of people through Google Pay, Apple Pay,
Chip and Pin and Tap and Go card payments as well as Cash.
While it might prove successful in Switzerland where there is a sizeable crypto community in a
relatively small area, globally though it may not be successful, hopefully I'm wrong.
We will see about that, but I hope to see the results of such an endeavor going forward - sure thing, it's a small step, but we do need such steps to grow bigger
Re: Grocery giant SPAR accepting Bitcoin payments via lightning network
Since transactions with Lightning network gets completed in under a minute, this is a very good development. I just hope it won't be too complicated for people to use. I also hope a lot of people embrace this payment method because this may obviously be a trial period nd if it doesn't work out the way the company expected they might stop it.
As for fees, I don't think the network fee has been over a dollar much for a long time. I know this might not always be the case but for this year, so far, the network fees have been very low.
As for fees, I don't think the network fee has been over a dollar much for a long time. I know this might not always be the case but for this year, so far, the network fees have been very low.
It may also be declined due to the merchants not getting their cut. We never know.
But, in any case, it's a great development and I hope it will stay that way.
Re: A university in Spain has now launched a master's degree to teach Bitcoin
I looked at the official website for the university in question and it seems that in their studies it is directly written that there are indeed confirmed 2 studies for bitcoin master and postgraduate https://hesperides.edu.es/estudios/
That is clearly one of the very good things because with this indirectly more people will now be literate about bitcoin, especially seeing the vision and mission they want to create by considering bitcoin not only as covering cryptocurrencies but far more than that because they start from the beginning such as history and even about the implications for the economy later.
This is a very good breakthrough in my opinion because after all this can be a very good start for bitcoin to be better known especially in academic circles.
That is clearly one of the very good things because with this indirectly more people will now be literate about bitcoin, especially seeing the vision and mission they want to create by considering bitcoin not only as covering cryptocurrencies but far more than that because they start from the beginning such as history and even about the implications for the economy later.
This is a very good breakthrough in my opinion because after all this can be a very good start for bitcoin to be better known especially in academic circles.
Even though it would cost funds - yeah, it's a good initiative, not going to lie - I hope more places would adopt such a concept and play around with it.
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
The IMF confirmed Tuesday that 🇸🇻 El Salvador has upheld its commitment to stop bitcoin accumulation by its fiscal sector.
"I can confirm that El Salvador continues to comply with its commitment to not hoard bitcoin by the fiscal sector in general, which is our performance criterion," - Rodrigo Valdés, director of the Western Hemisphere at the IMF
https://www.talkimg.com/images/2025/04/29/U2VZjm.jpeg
https://x.com/BitcoinNewsCom/status/1916117632052322626?t=o4SVOwL-vatWUp8nV13T2g&s=19
"I can confirm that El Salvador continues to comply with its commitment to not hoard bitcoin by the fiscal sector in general, which is our performance criterion," - Rodrigo Valdés, director of the Western Hemisphere at the IMF
https://www.talkimg.com/images/2025/04/29/U2VZjm.jpeg
https://x.com/BitcoinNewsCom/status/1916117632052322626?t=o4SVOwL-vatWUp8nV13T2g&s=19
As I saw in this X thread - who would forbid continuing to do what they need, but without public money?
Or they just check its official wallets? But wouldnt it simply make more sense to have like maybe at least 15 million usd worth of bitcoin than just barely 300k usd to spend 300k usd worth of bitcoin because more money has accumulated just to kind of be on the safe side?
You're just getting everyone confused with your unclear questions. I mean like what are you trying to ask here? Bitcoin doesn't produce money from nowhere. Even during the market uptrend, you can only get profit based on what you invested and not expecting outrageous amount after investing a little amount. How much have you invested in Bitcoin that you're expecting at least 15 million dollars before you start spending? Investing and spending your money depends on your capacity not by fantasy where you think certain amount is more better to spend than certain amounts but you don't have the means.
I think OP just aims too high for what he can achieve...
Re: A university in Spain has now launched a master's degree to teach Bitcoin
This is something I'll like to participate in tbh😃. It's btc centered which is very direct also
You would need to pay up
Re: $3 billion Bitcoin investment venture? Good for Bitcoin?
I've seen a video that Softbank's CEO Masayoshi Son is one of the friends of the NVIDIA Ceo Jensen Huang. He invested on NVIDIA early, he made a profit although it's not the maximum amount but it's still a lot of money. So, a quick summary - Softbank is an investor in various sector and in technology. So, if this venture gets to happen and they sees Bitcoin as a good asset to invest since it's got blockchain technology, they'll invest heavily on it.
Masayoshi Son actually is so popular that I thought everyone already know him.But indeed softbank is a big player in the investment world, any cutting edge tech that we've seen so far, there's big chance that softbank has invested in it.
Although frankly speaking softbank also caught in a massive flop sometime, i'm talking about we work and so on.
Just like with anyone in the big investors world, nobody is all white or all black - they are somewhere in between.