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Messages - Lucius

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1
I have never heard of that man and I wonder if he is perhaps only known in his own country? Although I think that everyone is entitled to their own opinion, I still agree that people should not talk about something they do not fully understand.

Perhaps his statement about BTC is motivated by what has been happening in Gaza in recent months, and we have seen that there are some theories that the people against whom they are waging war were allegedly partially financed through cryptocurrencies.

2
I don't think this volatility will last forever. It is already smaller than 5 years ago.
~snip~


As long as BTC is treated (by most) as a speculative asset, I don't expect that there will be any major changes. People buy BTC in order to profit from the change in price, and at the same time they expect this change to be as large as possible.

At the end of 2022, we had a price of 1 BTC of just over $15 000, today it ranges from $56 000 to $72 000 - looking at history, the volatility remained, only the numbers changed.

3
Yes I understand what you mean Lucius
yes the trend has reversed but we always talk about the fact that we are under halving, the effects of the same are historically not seen before 200 days from the halving
so it doesn't worry me at all
for me bitcoin grow, long


Maybe this time the halving will show its effect in 100 days or we will feel it only in 250 days - which is actually not so important if we look at the overall picture. The fact is that there is quite a lot of interest in Bitcoin from very powerful and rich companies, but which are not as influential for most investors as Google, Amazon or Apple would be if the news appeared that they had invested in BTC.

I am sure that many (who otherwise wouldn't) will try to profit from Bitcoin this year and next, and that only means that the law of supply and demand will have a positive effect on the price.

4
Bitcoin Forum / Re: The anti-mixer arm of Congress
« on: May 16, 2024, 05:03:41 PM »
~snip~
btw. Didn't Trump provide crypto addresses for donations to his campaign?
https://www.theblock.co/post/293384/donald-trump-crypto-campaign-donation


As it seems from the article, it is only about NTF that T sells at his donor gatherings, but no coin is mentioned anywhere. I think he will be very careful here, because no matter how attractive the donations are, when it comes to cryptocurrencies you can always have problems with someone sending you something that is considered "dirty coins". A man like him has many enemies who would gladly harm him in any way.

That's why I think he will stick to those good old sayings - America first, the dollar above all else.

5
I think so too, but since we don't have data it becomes difficult to predict something like this (very difficult to be honest)
we can already make weak speculations based on previous halvings
if we face a new fact it becomes even more complex to speculate, given that we have no data or history about it


Data is one thing, but facts are something completely different. The facts show that there is considerable interest in investing in BTC through spot ETFs, and that some very large US companies have invested significant funds. I have no doubt that such investments will continue, and that the halving will still have its effect as before.

In the past 3 days, spot ETFs have finally reversed the trend outflows and bought about 7000 BTC, which seems to have been immediately reflected in the price. And news like this is not to be underestimated either -> https://twitter.com/BitwiseInvest/status/1790830802911048112

6
Quote
No matter that the idea seems interesting, I wonder who would control the finances in that case - because if there is no central bank and other regulatory institutions, what would the financial system of a country look like?

Bitcoin.

There are some countries which uses usd directly. Panama, Ecuador..  so, it can workout without a central printing.


Well, if we were to remove central banks from the equation, what about the volatility of Bitcoin? A man gets paid in BTC today, and within a few hours the price of BTC drops by 10% or lower - not to mention that on-chain transactions are not instant and can sometimes be quite expensive.

Bitcoin unfortunately has a lot of disadvantages if you want to use it as a currency in the sense that it is used by a lot of people every day. Of course, LN is one of the possible solutions, but there is still volatility and dependence on on-chain transactions.

7
You're right here, it's about spammers. I just got the notification of his reply and I really can't understand the reason and purpose of such posts.

They are not wearing a sig so they're not shilling for pay, but def spamming crapola and need a warning at the very least.

You don't have to have a signature/avatar to get paid for something - there were cases on BTT where members did similar things and were paid for every link or publication of the name of the service they are promoting. It's obviously a promotion attempt that is going very badly, and I wouldn't rule out that it's AI bots that someone is experimenting with.

Examples from BTT -> 1 & 2

8
Gambling & Crypto Casinos / Re: STAY AWAY FROM 1XBIT
« on: May 15, 2024, 04:34:20 PM »
I didn't expect to hear about these scammers on this forum, because I thought that after all the negativity I've read about them over the years, they won't exist anymore or will be some marginal casino that few will consider legitimate. It is incredible that if you have enough money and obviously successful tactics, you can survive online for years without being in a situation where someone brings you to justice.

Maybe I'm mistaken, but do they operate in a country that is beyond the reach of most of those who would be happy to catch and prosecute them?

9
Warning!

Users @AvatarSiri and @Macjaja24 apparently came to this forum to shill certain service - the same thing happens on BTT. Do not enter into discussions with them, because their intentions are more than clear.

Post history ->

https://www.altcoinstalks.com/index.php?action=profile;area=showposts;u=98338
https://www.altcoinstalks.com/index.php?action=profile;area=showposts;u=96185

10
In the part about censorship resistance, he drops this gem:

Quote
Maybe in a few years, we will come to the conclusion that we should separate money from the state for the same reason we separated the church from the state

I don't know how it is in other countries, but here in the EU, many countries have contracts with the Vatican that guarantee that the states pay the church every year sums of money that are not insignificant. I think that the Catholic Church in my country receives somewhere around EUR 40 million from the state budget every year.

No matter that the idea seems interesting, I wonder who would control the finances in that case - because if there is no central bank and other regulatory institutions, what would the financial system of a country look like?

Bitcoin as a currency functions as an alternative to the existing system, but with its volatility and sudden fee increases, people simply have a hard time accepting it that way.

11
yes ok but what does this mean?
If we have already reached one of the ATHs, will the ETF factor lead to Bitcoin having an ATH on steroids? This is very interesting if you think about it, we don't know if ETF will have a multiplier effect, it's a new factor
he certainly had it in the halving phase


I had the opinion that ETFs + halving would be a perfect storm and it is possible that this will happen in the future, despite the fact that at the moment it seems that investors in BTC through ETFs have decided to take a break. We can speculate that this is because the investors simply misunderstood what halving is and when the price did not rise immediately, they decided to sell.

I think that the US market still speculates a lot about when interest rates will fall, and there are strong indications that it will happen soon, which means that money will somehow become cheaper, which could mean more investments.

12
Bitcoin Forum / Re: The anti-mixer arm of Congress
« on: May 15, 2024, 03:40:44 PM »
Well, USDT doesn't have any sort of privacy at all and is not a coin I will be shedding any tears over if it gets banned. DAI is the better usd-pegged stablecoin with no asset freezing feature.

That's true, but it's no secret why stablecoins are so popular - because they can be transferred very easily and cheaply, and many people use USDT in the EU for this very reason. I don't think it's a coincidence that mixers and stablecoins are banned at practically the same time when something similar is happening in the US.

13
Bitcoin Forum / Re: The anti-mixer arm of Congress
« on: May 14, 2024, 07:01:57 PM »
I think that mixers aren't the problem, but the criminals who use them (with are just a small part of their users).
Sadly, privacy is becoming harder and harder to achieve just because this anti money laundry war doesn't care about citizens rights for privacy.


According to everything we could read from the publications of the most famous US whistleblower, three letters agencies have been dealing with BTC since at least 2013 by developing tools that can track users and their transactions and identify them. I don't know when the first mixer appeared, but it is obvious that such a tool bothers them a lot, especially since they constructed stories about how countries like Iran or North Korea circumvent sanctions by using BTC and mixers.

I read that the EU will ban mixers and USDT soon, so all those who continue to use them would be treated as criminals? Let's be honest, "they" actually consider us criminals in a way, because it's not a problem to invest in BTC through full KYC CEXs, it's a problem to be your own bank and that bothers them the most.

14
I have received some tokens which have URL as their names, something like xxxairdrop.io or whatever.
So , those tokens can also be phising to infect your computer and steal your coins.


I have nothing to do with tokens, but if someone had told me that a phishing attack could be attempted in this way, I would probably have thought that it couldn't be true. However, scammers are obviously becoming more and more inventive in their intention to get hold of anything of value.

15
Forums have always been places for discussion and exchange of ideas, and signature campaigns and bounty campaigns are something that can only motivate people to be even more active than they would otherwise be. I personally don't see anything wrong with it if someone's profit is an additional motivation, especially if because of that motivation he doesn't become an ordinary spammer who just appears on the forum and fulfills his daily quota and then disappears.

Of course, we are all limited by time and we cannot all spend the same amount of time online, so everyone contributes to the forum in their own way. I hope that despite the fact that the current number of sig campaigns is less than it used to be, most members will remain active and welcome their opportunity again.

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