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Messages - Lucius

Pages: [1] 2 3 ... 30
1
As the topic title, my question is pretty straight which has been in my mind for a while: why have we yet to see a casino start their promotion, whether it's a signature campaign, free raffles, prediction contests, etc?
I can see some ANNs but not from the popular casinos as we do see on bitcointalk, I am sure they will be ready to promote if they are aware of this forum's existence.
Campaign managers may answer this better than anyone but whoever wants to add their points are welcome!


I'm sure that all or most of the casinos that are promoted on BTT know about this forum, because managers must have told them about it and offered their services - but they all obviously currently think that promoting on this forum is not profitable for them.

I sincerely doubt that the problem is money, because casinos have quite a decent profit to be able to finance such things, but considering that the pay rates on this forum are quite low, I wonder how many quality users they would be able to attract. If the casinos decided on the tactics of higher pay rates (similar to BTT), I believe that it would attract quality members and that they would probably get quality campaigns.


2
how long do you guys think it will reach in its final ath?clearly taking example from what happened in previous halvings, if I do the calculation at random I get absurd figures and I think I was wrongI need the opinion of someone else in the industry who understands halvings

There is not much to understand here, people simply expect that each halving will have a similar impact on the price as the previous one. But it is clearly visible that each future halving has a decreasing effect on the price, because the one from 2016 raised the price from some $600 to $20 000, the one from 2020 increased that ATH only by x3.5, and this halving from 2024 could have an even smaller effect on the price.

The thing is that each halving halves the reward for miners and that they, as "producers" of new BTC, have less and less influence on the market - which in some way can make all the already available coins much more valuable than they were before.

What could be concluded is that the price calculations are of a very speculative nature, and that no one can say with certainty what the price will be one or two years after the halving.

3
It is quite interesting, and I use telegram with a crypto wallet that I have activated.
But the crypto wallet generated on telegram cannot be exported to another crypto wallet and you will also not get a seed phrase.

That means we as wallet owners do not have full access to the wallet and only Telegram knows.
I don't really use it for my main assets, just use it to explore TONS of space and the ecosystem within it with the minimum funds I send to my telegram wallet


This seems to be an even worse option than a regular hot wallet where you can at least make your backup and recover the wallet if something goes wrong. Therefore, I don't see any great danger in someone connecting a chat app with a coin wallet if from time to time they will transfer some smaller value there - but I'm afraid that a lot of users don't understand the concept of custodial vs. non-custodial wallets, and that by using such apps they can live in the delusion that their funds are safe.

My opinion is that such things should not be mixed, but it is up to everyone to choose what to use and in what way.

4
The very fact that a company like this is engaged in such analyzes speaks volumes about the fact that they want to prove something, or in other words show that ordinary people actually still use their services in a much higher proportion than they use stablecoins.

Now it's just a question of how much truth there is in that, but even if we assume that 90% is a bit of an exaggerated figure, I am of the opinion that the number of real users using cryptocurrencies (including stablecoins) is quite small compared to what companies like Visa achieve.

5
~snip~
...people should use DAI instead of USDT in my opinion (EU users, be careful USDT will be banned in June for the whole EU).


I didn't know that the EU geniuses would do it, but it has been a big wish of some people from the ECB for years, especially their chief CL, who otherwise has a similar position on cryptocurrencies as, for example, the well-known SEC chairman. Given that I do not use stablecoins, this decision will not affect me, but it is really funny to me that they are fighting in such radical ways against everything they consider a threat to the euro - but they are obviously learning from their political brothers across the big pond.

6
Forum related / Re: Why is this common here.
« on: May 12, 2024, 04:33:23 PM »
The OP is probably talking about the regular topic creator in the News section. To OP, it's not common but I am guessing that member is doing it out of habit. The other few members who does the same are probably just following that posting style.

I also noticed it with at least two users, but I don't think it's any alt accounts, but that one teleported user from BTT simply adopted the style of a member who in this way wants to encourage others to leave a comment in his topic.



@Rruchi man, as far as I can remember, there is only one user who does that and ends every "post" with that phrase. The fact that the user ends each post with that phrase is supposed to encourage other users to write posts, but the OP has never responded to any of those users, so the interaction between the OP and the users does not exist. It's something I talked about on occasion (some time ago) with the administrator, but we didn't come to any conclusion. I will talk to him again.

I've noticed it since I came to the forum, but since that member has been "communicating" in that way for a long time, I thought it was something the forum allows. In addition, the user in question always puts the same source, so I thought that maybe he represents that website and that he has a verified status, which is one of the guidelines that the admin wrote in Read before Posting in News section

7
As things stand, it would be best if the feds confiscate all the coins at some point, after that all the coins will be clean. After their "mixing", there is no need to look into the earlier history of the coin.  ::)

When we look at all the seizures over the years, maybe we could say that those who fight the most against the mixers are actually the biggest "mixers" and turn all the "dirty coins" into clean ones. Of course, they profit by doing so, and in such a way that their fee is only 100% ::)

8
Yeah I think the spot ETF really is the reason why ATH goes off too early as we all know it usually happens after the said halving event. Such a great news makes ATH so maybe we have to expect more in the coming days.

There is no other reason that anyone could find to explain why we went from $15 500 to $72 000 in just over 1 year. Over 500 000 BTC bought by ETFs in just a few months is proof enough that money makes the world move, including Bitcoin. I would rather say in the coming months, and maybe even years if the pattern repeats itself and we have to wait for 2025.

9
After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL  :D My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
~snip~


I wish you were right, but every big bull run was followed by a correction that turned into a bear market - and from what I remember since 2014 every correction caused a 50%+ price drop, which would mean that even if the next ATH is $200k, we can hardly expect that after the correction the price will remain above $100k.

As for Lambo and other metal beasts, I'm not someone who strives for such things, but I understand that some people have the need to prove something to themselves and others in this way ;)


What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.

Maybe I'm wrong, but our colleague is a long-time miner who probably isn't thrilled that ETH has become a POS coin, but neither are many others. I'm not saying that you still can't make money by investing in it, but maybe some other coins have much greater potential.


10
Bitcoin Mining / Re: Argentina To Mine Bitcoin With Stranded Gas
« on: May 12, 2024, 03:18:31 PM »
Don't call him El Loco, Lucius
Since Milei is very against their Central Bank, the whole power system is against him.
The media defame him calling him El Loco - The Madman.
Last week someone prominent said Milei is a drug addict.


As far as I know, that is his nickname, not given to him by the media or by someone who hates him for his ideas. There is no doubt that he has very drastic ideas, but I also personally do not think that he can change his country with them, especially if it is publicly known from which country he is asking for help, and which was the first one he visited after becoming president (US).

Quote from: https://www.msn.com/en-us/news/other/el-loco-won-the-argentina-election-last-month-with-outlandish-ideas-now-he-s-backpedaling/ar-AA1l44Xh
President-elect Javier Milei, known by the nickname “El Loco” since he was a kid, rose from university professor to social-media celebrity, making his mark as an economic libertarian and social libertine.

All the while, the inflation in Argentina has sunk.
His popularity is growing - The people in Argentina love him more and more.
~snip~


Considering the economic situation in that country, people simply like the change that has taken place, but it remains to be seen what the president will do during his mandate. As far as I know, his party does not have a majority and I don't know if he will be able to implement all the changes he wants, but time will tell if there will be positive changes or not.

11
Bitcoin Mining / Re: Argentina To Mine Bitcoin With Stranded Gas
« on: May 11, 2024, 04:01:43 PM »
It is true that a huge amount of electricity is lost every year and that it is about 50 000 TWh, and that for comparison BTC mining consumes somewhere around 200 TWh, which refutes any crazy claim that Bitcoin can have anything to do with a serious impact on the environment. Therefore, any use of what would otherwise be completely useless has a positive effect on the economy of a country and creates additional value.

There were some stories that "El Loco" is somewhat pro-BTC, but this is the first time I read that something concrete is happening in that direction - although this is not a revolutionary idea that has not been talked about before.

12
It seems that many have forgotten how "friendly" Trumo was towards crypto at the end of his first term, and that he had a lot of bad things planned that the new administration rejected or at least postponed for a long time. Whoever will be the president in the end will not change much when it comes to the attitude towards cryptocurrencies, because in the end they are all the same, fighting for their positions and for as much power as possible.

Interesting reading for those who want to know a little more -> The Mnuchin Files: New Documents Shed Light on Trump-Era Crypto Policy

13
This could be the final time we see Bitcoin below $100k I see a great opportunity for everyone to dive in before price pump. There has been little market action, as practically everyone is waiting for the final dip before the bull run to stack more. I'm still on the bench waiting for the right time to enter the market.

Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).

As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.

14
Perhaps there are investors from China who chooses to keep their Bitcoin or some altcoins. Before the total ban, it's more on them going after altcoin if I remember around 2017-2019 era, Bitcoin was not even in their top crypto if I remember it correctly. They have some altcoins that has been developed by the Chinese that is on the top. Now, it's really hard to gauge the data as the game really change already with institutions and whales are into investment with all the ETF's and other instruments and future contracts.

I've seen a lot of different research over the years and it always seemed strange to me that the top countries in terms of "crypto adaptation" are those where there are some kind of bans regarding cryptocurrencies. However, it should probably be taken into account that a country that is quite crypto friendly but has less than 5 million inhabitants may have fewer crypto "users" than a country where cryptocurrencies are partially or completely banned, but that country has a very large population.

As I already wrote, the countries where there are the most people who own cryptocurrencies and the countries that have the most physical and online stores where it is possible to pay with cryptocurrencies are something completely different.

15
Yes history will repeat itself once again but I think people are afraid of such lower prices and they are selling their coins with loss which also affects the market negatively. If we wait and keep the previous history of halving in mind then we will not be caught in the opposite direction.
~snip~


I don't know what kind of low prices you are talking about considering that 1 BTC is still worth over $60k? About 1 year ago, the value was half as much, and some 18 months ago it was even 4 times less than today. If people failed to profit in all this, I really don't know what their problem is and whether they are perhaps too greedy or misled by various influencers who mostly talk about things they know nothing or very little about...

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