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Messages - Legion

Pages: [1] 2 3 ... 16
1
Bitcoin Forum / Re: Is Bitcoin legal?
« on: Today at 05:13:25 PM »
Bitcoin is very popular bow a days. People involving and using Bitcoin frequently. But most of country till now consider bitcoin as illegal currency. Even i am a Bangladeshi in our country Bitcoin is illegal. But we know many country’s are given legality. Like Al Salvador.

And i think every country will know it’s importance and gradually it will be legal in every country.
Currently Bitcoin is still illegal in various countries, even in America it imposes quite high taxes on those who are caught having very large amounts of Bitcoin or cryptocurrency. Bitcoin will not be legal in many countries because I believe it would be very risky because it could destroy the economy in certain countries.

2
Bitcoin Forum / Re: ordinals and inscriptions
« on: Today at 05:10:49 PM »
~
surely as you may have noticed there was an absurd peak in fees (fortunately contained in a few hours) certainly due to ordinals or runes or the combination of both
I don't know if anyone has checked if he has rare satoshis, do it
The spike in transaction fees on that date and time doesn't seem to be that much, in fact what gets a spike in transaction fees is on the 7th, which I have marked with a red box in this picture.

3
Bitcoin Forum / Re: Has the bear market started?
« on: Today at 05:04:56 PM »
I will not call the little correction in price a bear market, because we are not in the bear season but we are more bullish now, since the halving just passed, and after that we expect a bull run. Price correction does not mean that the market is bearish. In the bearish market bitcoin price will just keep dipping without pumping after few days.
It's true, a price drop on a large scale can be said to be a bearish moment, but when you see market prices fall by just a few percent then it's not bearish but it can be said to be a price correction that occurs for just a moment.

4
I don't even think that whales are the ones who make it go down, they just have to nudge it a bit downwards and all the weak hands end up starting to sell it, which is quite bad when you think about it, but that's just the way it is right now. When people see it go down, they do not care about it and they do not really consider that as an option. I personally believe that we are not going to get anything good as long as people don't hold, there are a lot of people who sell way too quickly when it goes down. Some of it are stop loss's, and some of it are liquidity that turns into USDT from btc, all of which does drop it, but there are also many that just sell out of fear as well.
So how do whales make a profit if they never make it down? Whales will still look for the right time to lower the price of coins on the market by selling them gradually every minute or directly on a large scale. After they sell a lot of it, they will stop or buy again and make the price rise again gradually. That's what whales have been doing all along.

5
No friends, Bitcoin in June will not go to $80k, there is no good news that can provide support for the rise in bitcoin prices. It is possible that bitcoin will increase in price next season.
How do you know Bitcoin won't be $80k in June?  :-\
Even if we have no good news now but we may have good news tomorrow, next week, or next months. You can't claim that there will be no good news in the near future, you only can guess it, dude. In my opinion, we may have good news because we have an issue of Ethereum ETF market that may be accepted in the next few months. There should be other good news that may be related to the Bitcoin adoption in any where around the world. Anyway, your statement looks like a FUD.  ::)
Maybe Bitcoin will make a price increase to $80k when the SEC accepts an Ethereum ETF, but for now it seems like the SEC still hasn't made a statement on the development of an Ethereum ETF.

If you say the Ethereum ETF will be accepted in the next few months then it should not be later than June because what he/she said is that it will not increase in June, but according to what you said, in the next few months.

6
So my buy is up to 64k it averaged around 57-58 k

not bad.

Maybe we push over 65k today.
It seems from coinmarketcap data that today Bitcoin managed to penetrate the sell order wall at $65k until finally a few minutes later the price fell again slowly to the current market conditions.

So we do have that $65k resistance. If we do able to break this resistance then we would be seeing 70k on fast manner but it seems that it would be taking a while if these corrections or rejections would happen. This is why for those who do love to play with these movements then they are really that indeed making money as of this moment. You would really be having these kind of impressions that this might be different but actually this is just an ordinary day here on crypto space. Bull run the shortest? We arent that even still on that condition yet.
We are really that still starting.  ;D

Well we are hanging in there. I sold off the coin purchased at 56.9 57.6 57.5 at 64646 frees up cash for a dip and ir is a profit.

2 years ago I sold a lot of btc at a loss just to have a write off for future mining earnings.

So I am in a no tax capital gain for about 35000 usd.
You make a number that is quite unique, if you have a very large amount of bitcoin and put it all in that number it will make the whales interested in destroying the wall that is in that beautiful number. Profit with quite a large amount, keep holding the bitcoin you have until the price rises, look here, many users on this forum want the price of bitcoin to rise to $100k, including me. ;D

7
It is not easy to increase the price of bitcoin which is currently too expensive, whales need a lot of money which they have to burn to buy bitcoin, they are waiting for good news which whales can use to increase the price of bitcoin so that the price of bitcoin in the market will not increase. looks like price manipulation carried out by whales.
That's right, it won't be easy for whales to intervene if not simultaneously, because the current value is actually quite high and even if large institutions can do it, it most likely won't last long and trading will return to normal. Of course, very careful consideration is needed to intervene if only for a moment and then return to trading. Of course, the intervention carried out will be self-defeating. They know more about market conditions and will not be careless in carrying out any interventions.
As long as you have a friend who is one of the whales or you know the circle of whales gathering, this will give you the opportunity to make a lot of profit from what they do in the market.

8
Ethereum Forum / Re: ETH going to 3k
« on: Today at 04:46:39 PM »
We should be expecting more from Ethereum in the near future because it may seems like everything about the coin seems not being attractive as we have expected, but things have to do with time and season regarding the performance of some of this cryptocurrencies, because it will still make a new all time high soon only for those who were able to wait patiently in expectations for it to perform outs tritely again.
It's true, currently Ethereum is no longer very attractive, there have been so many problems with Ethereum that it has made Ethereum supporters choose to leave the Ethereum zone. There have been many new platforms that have tried to provide solutions to Ethereum's problems and currently this new project will pose a serious threat to Ethereum's future.

9
Ethereum Forum / Re: Ethereum vs of BNB Platform
« on: Today at 04:44:32 PM »
ETH and the BNB both platforms are good and best. ETH platform gas fee is so much high but in the BNB the fee is very low and this is good for the investors. This time the ETH platform projects are not so much high than the BNB becasue of fee but at first almost projects are connected with ETH and that time the fee is also very low.
I don't agree if you say both platforms are good, I just see that the BNB network is the best at the moment, because when you look at Ethereum fees which are too expensive then BNB still provides the best. Even though Ethereum fees are currently falling, there is a possibility that they will rise again when transactions on the Ethereum network increase.

10
Ethereum Forum / Re: ETH is the king of crypto!
« on: Today at 04:41:54 PM »
This is true that the ETH is the king of all crypto coins and this will make so much change in the crypto market when it will move up or down. Crypto market is the life changing market and this will make so many peoples rich becasue they trust on this market and so many peoples still hold their coins and wait for the big bull when they sell their ETH coins on a good price.
For now, perhaps ETH still has the rank of king of all altcoins, while the king of cryptocurrencies is still Bitcoin. Returning to Ethereum, currently I feel that Ethereum users have decreased because there are too many problems occurring.

11
Ethereum team counting the transactions per minute or day in Ethereum network have big influence on gas price, so when amount of transactions get big by day then price drops significatly.
this is why  i try not using ethereum these days and actuially for long now because of this issues and troubles and this is also why most of my friends are leaving ethereum because even being investment is having them a lot of second thoughts .
As more and more people leave Ethereum, I can say that Ethereum is no longer very interesting, the attention of developers towards users has decreased a lot, when there are problems Ethereum is no longer quick to respond well and there are still many problems that have not been resolved for years .

12
People hardly control the spirit of money in them because they feels like having everything on earth and you know when you talk about you think next is power, power is money and money is power. When people have the money what would come into their mind is to control people which Is not done that way because we can give everyone access of their without exercising our will power over them.
I just feel that money can make us evil but it can also make us good, this all depends on how we use the money we have, as long as we use the money for good then we will get good, but if it is used for evil then the results we get are also evil .

13
Economics , Sociology & Politics / Re: Cost of living
« on: Today at 02:30:09 PM »
Over the past few years inflation has been increasing all over world and with the start of Ukraine war it has even deteriorated. The food prices have been shooting up and it has increased the cost of living and made life especially of the middle class and poor people miserable. In many countries corrupt politicians and elite business community have been using this situation for their own benefits.
I think that is the new normal nowadays. 😅 This is why we need to achieve financial freedom through crypto so that we are not affected by inflation and other manipulation in the society. War for me is another form of manipulation because we all know it is one of the most successful business people aren't aware of.
As you mentioned, war is a form of manipulation, perhaps this makes sense, when a lot of new technology is created and a country has an unlimited amount of wealth, it will have the potential to dominate the battlefield, but do we realize that this is a very selfish nature? What is the fate of those who are victims of war? Are people's lives determined by the greed of a country that likes war?

14
Economics , Sociology & Politics / Re: Gold and Bitcoin
« on: Today at 02:27:08 PM »
Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.
Gold is indeed very good for long-term storage, but do we realize that gold is a very ancient currency? Gold has been around since the time of the pharaohs, even long before the glory of the pharaohs, gold has been used until now gold is still widely used and is still an entity with a price. selling very expensively, the problem is, what is the total supply of gold in the world? Can gold be created again? Why does gold have such a high selling price if it can be regenerated?

15
...
I thought computer and anything that involves automation are going to make our work easier and faster and everyone is happy doing that. Imagine having to use typewriter to do print a large document in 2024, that is going to be ridiculous even though we still have some institutions that use it for some specific work, the future has to be improved.

My only concern is the abuse of this artificial intelligence that are purposely designed to help the humanity and not the other way round. I could remember how people are using AI image and video to do scams and fraud people by impersonating individuals, this is wrong and need to be put to scrutiny.

In this case, we all have to come to terms with one fact - absolutely all technologies for improving life, invented by man, are also used by man to create problems for man ! It sounds strange, but if you check - it is a fact. Which simply must be recognized and accordingly develop some mechanisms to reduce the risks of possible development of negative scenarios
Is it possible that it will become waste that will pollute the world? because we know that all human discoveries or creations will definitely have a detrimental impact and it will all probably be covered up so that not many people know about it and they think the amount of supply is very unlimited and will not have any bad effects in the future.

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