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Glossy

Bitcoin as a store of value

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What do you think about more traditional assets like gold, silver and real estate in comparison with Bitcoin? What would you prefer?

To me it is best to diversity assets a little - but what is yours opinion about that?

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18 minutes ago, Glossy said:

What do you think about more traditional assets like gold, silver and real estate in comparison with Bitcoin? What would you prefer?

I think gold, silver steal has it's value. But to me Bitcoin is the best. When you store physical gold or some form of ornaments at home and when you want to sell them you do not get the market price. Plus you need space to store them too.

But with crypto there are no such hassle. The one who started with Bitcoin before 2016 and have 100+ coins they are millionaire now. 

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10 minutes ago, xBDT Script said:

I think gold, silver steal has it's value. But to me Bitcoin is the best. When you store physical gold or some form of ornaments at home and when you want to sell them you do not get the market price. Plus you need space to store them too.

But with crypto there are no such hassle. The one who started with Bitcoin before 2016 and have 100+ coins they are millionaire now. 

You are right that the Bitcoin is easier to store and use, but in my opinion it is good to have some of investment portfolio in precious metals too - in case of catastrophic events without electricity it will be the only means of payment along with cash or physical goods.

Edited by Glossy
Fixed grammatical errors

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2 minutes ago, Glossy said:

in my opinion it is good to have some of investment portfolio in precious metals too

I am not denying it. What I said is my personal preference. If anyone ask me to pick one from bitcoin and gold then I will go for bitcoin. In fact all my saving are in bitcoin LOL

If you value me based on my bank balance then I am a homeless 😄

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15 hours ago, xBDT Script said:

I am not denying it. What I said is my personal preference. If anyone ask me to pick one from bitcoin and gold then I will go for bitcoin. In fact all my saving are in bitcoin LOL

If you value me based on my bank balance then I am a homeless 😄

I hope it will turn out good for you, it is pretty risky but I guess you know what are you doing 🙂

I have been heavily investing in ETH and some altcoins but I got burned badly and thats why I try not to invest too much in crypto now.

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2 minutes ago, Glossy said:

I hope it will turn out good for you, it is pretty risky but I guess you know what are you doing 🙂

I do have good faith in Bitcoin, I bought them when the price was only $600 and I also bought when the price was $15k+ on average if I compare with fiat then even if Bitcoin drops to $1,500 still I will be in profit.

Thing is as we go there will be more adoption for bitcoin and more adoption meaning more demand. Demand increases the price. However 1 BTC = 1 BTC always and I dream for a generation where bitcoin and other crypto will be the main currency.

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8 minutes ago, xBDT Script said:

I do have good faith in Bitcoin, I bought them when the price was only $600 and I also bought when the price was $15k+ on average if I compare with fiat then even if Bitcoin drops to $1,500 still I will be in profit.

Thing is as we go there will be more adoption for bitcoin and more adoption meaning more demand. Demand increases the price. However 1 BTC = 1 BTC always and I dream for a generation where bitcoin and other crypto will be the main currency.

With Lightning Network transaction speed has rised dramatically. I have been using it on testnet and I was very suprised in positive way how fast it is. I believe that now everything is ready for mass adoption 🙂

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Just now, Glossy said:

With Lightning Network transaction speed has rised dramatically.

True, using 2 satoshi you can transfer money, pay bills and do all sorts of tx.

We are still experimenting lightning network and let's see how far we go with it. Bitcoin really needs an intermediate section so that people can use it for their daily shopping.

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I heard one prediction that maybe one day you it will be proper value if you can buy one bread for 1 satoshi.

Now calculate how much should 1 btc be in that case 😉

Anyway we need some network update for that to work 

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1 minute ago, hexwin said:

Anyway we need some network update for that to work 

Good people are working to improve bitcoin experience. You need to admit that we are still very young. It's been only 10 years gone and we still has a long way to go.

Fiat started hundreds of years ago and the system did not built up very quick. Everything takes time.

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Bitcoin is only the main store of value in the whole crypto world but rather considering altcoins, so their are variety of it in which people must be confused and require a lot of research.

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The problem with Telegram is that they have a much smaller community than Facebook. There will need to be huge spending on advertising the project and its capabilities. Libra doesn't need that. Me very strongly worries the that private trade commanded very a large number of time and many multimillionaires have been able buy kollosalnoe childrens coins. These people will be able to manage the market due to their large volumes. Therefore, we will expect - a game of prices.

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Recently, I have heard a lot about the crypto wallet project called Cloud token (COT), which was introduced as a blockchain 3.0 technology application wallet (an exaggeration) with many advantages. It is worth noting that it is a crypto wallet, with the interest payment mechanism for users, this is a model similar to the Plus token wallet, now the Plus token has become a Biggest scam in China. It is believed to be the cause of the sharp decline in the price of BTC. Will the Cloud token become the second Plus token?What is your opinion about this wallet ?.

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On 10/1/2019 at 5:00 PM, hexwin said:

I heard one prediction that maybe one day you it will be proper value if you can buy one bread for 1 satoshi.

Now calculate how much should 1 btc be in that case 😉

Anyway we need some network update for that to work 

What will be the fee of that transaction? A fraction of satoshi? In that case we need to have something another unit mSAT, lol. I'm not sure how it will work. I too have seen its possible to send 10 satoshi even. But I'm very much confused how it will happen.

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3 hours ago, Consignee said:

What will be the fee of that transaction? A fraction of satoshi? In that case we need to have something another unit mSAT, lol. I'm not sure how it will work. I too have seen its possible to send 10 satoshi even. But I'm very much confused how it will happen.

Only way for this would be with some second layer solution or with major Bitcoin network upgrade.
But 1 bread/ 1 satoshi is just a prediction of how much we can grow in price and adoption
 

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On 29.09.2019 at 13:09, Glossy said:

Как вы думаете, какая криптовалюта является лучшей для сохранения стоимости?

Биткойн является самым популярным, и многие используют его, но есть и другие криптовалюты с другими преимуществами.

Например, Монеро является частной монетой, которую невозможно отследить.

 

А какие еще активы вы предпочитаете как средство сбережения?

Например, золото традиционно использовалось сотни лет.

I believe that if the address of the coin is tracked, the turnover of the coin is tracked, transactions are tracked, then this suggests that the coin is not completely anonymous. For me, anonymity is a complete concealment of data and only the owner sees his balance, and the transaction is visible only to the sender and recipient.

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1 hour ago, hexwin said:

Only way for this would be with some second layer solution or with major Bitcoin network upgrade.
But 1 bread/ 1 satoshi is just a prediction of how much we can grow in price and adoption
 

Leave the part 1 bread/1 sat, with LN, we will be able to send single sat? or not. People are testing LN already. What's the minimum amount can be sent with LN. Currently the minimum amount is 300 sat or so if I'm not mistaken.

Edited by Consignee

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6 minutes ago, Consignee said:

Leave the part 1 bread/1 sat, with LN, we will be able to send single sat? or not. People are testing LN already. What's the minimum amount can be sent with LN. Currently the minimum amount is 300 sat or so if I'm not mistaken.

I don't think we will ever be able to send 1 satoshi in near future. 
They need to create something better even than LN, and I don't think this is possible

This was minimum Bitcoin output back in 2017:

Quote

Bitcoin Core 0.14.1 the minimum for outputs is:


5460 Satoshi
54.6 μBTC
0.0546 mBTC
0.00005460 BTC
5460/100000000 BTC

https://bitcoin.stackexchange.com/questions/17830/whats-the-minimum-transaction-with-bitcoin

 
Edited by hexwin

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2 minutes ago, hexwin said:

I don't think we will ever be able to send 1 satoshi in near future. 
They need to create something better even than LN, and I don't think this is possible

This was minimum Bitcoin output back in 2017:



 

The minimum is 546 satoshi, not 5460 satoshi. I have found a link here- https://bitcointalk.org/index.php?topic=5142876.msg51040516#msg51040516

I will be back with LN information as well, I'm getting curious now.

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1 minute ago, Consignee said:

The minimum is 546 satoshi, not 5460 satoshi. I have found a link here- https://bitcointalk.org/index.php?topic=5142876.msg51040516#msg51040516

I will be back with LN information as well, I'm getting curious now.

image.png.1f82a6928ba326bdaf0996852e56fe2f.png

Correct it is 546 sats, and to be more precise, with added 1 satoshi it is 547

Link for dust test.

https://github.com/bitcoin/bitcoin/blob/f0fd39f37630729690e71f7523e696de6cfb1902/src/test/transaction_tests.cpp#L695

I am not 100% all this data is valid for year 2019, but it probably is.

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1 minute ago, hexwin said:

image.png.1f82a6928ba326bdaf0996852e56fe2f.png

Correct it is 546 sats, and to be more precise, with added 1 satoshi it is 547

Link for dust test.

https://github.com/bitcoin/bitcoin/blob/f0fd39f37630729690e71f7523e696de6cfb1902/src/test/transaction_tests.cpp#L695

I am not 100% all this data is valid for year 2019, but it probably is.

546 is correct.

I just checked one article, what I have learnt is Lightening Network node will fix their fee. It can be high or can be low. Certainly users will choose less fee node for operate a transaction. I need to dig a little more to learn the whole process, may be I will give it a try soon.

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3 minutes ago, Consignee said:

546 is correct.

I just checked one article, what I have learnt is Lightening Network node will fix their fee. It can be high or can be low. Certainly users will choose less fee node for operate a transaction. I need to dig a little more to learn the whole process, may be I will give it a try soon.

Ok thanks.

Also very good websites for tracking Bitcoin transactions and mem pool so we can see exact size and fees for bitcoin network:

1.  https://mempool.space/tv

2. https://jochen-hoenicke.de/queue/#0,24h

First one is my new favorite

 

Edited by hexwin

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In my opinion, Bitcoin has been a great store of value for the past ten years, after all the value has increased a hundredfold since some kind of adoption outside of the core group, but in my opinion the growth is limited by the emergence of competing investment opportunities in the same genre.

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Bitcoin is very good for investment. Of course, it is better to divide investments into parts: real estate, gold. But if there is nothing special to share, then I’d better risk it with bitcoin

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On 10/19/2019 at 3:01 PM, andrehol said:

Bitcoin is very good for investment. Of course, it is better to divide investments into parts: real estate, gold. But if there is nothing special to share, then I’d better risk it with bitcoin

Yes it is risky but the gains are potentially very big. It all depends when will people start using it more and more.

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This was not only due to the dollar's role as a safe-haven asset amid geopolitical tension but also because of a postponement in market expectations regarding the timing of the Fed's easing of monetary policy. After the inflation data published on April 10, market participants decided that the first rate cut would not happen in June but in September, causing the Dollar Index (DXY) to surge sharply. Naturally, the strengthening of one asset in a currency pair led to the weakening of the other: the principle of leverage is irrefutable.   Now, a few words about what awaits the main cryptocurrency after the halving. This year, 75% of the investment influx has been provided by the newly launched spot bitcoin ETFs in the U.S. Their combined balance now totals $12.5 billion, with the U.S. accounting for over 95% of the global inflow into exchange-traded crypto funds. The interest in ETFs has been so strong that BlackRock's fund became the fastest-growing in history.   According to CryptoQuant analysts, the reserves of bitcoin on exchanges will last only a few months at the current rates. Total available exchange reserves have decreased by more than 800,000 BTC and have reached their lowest level in the history of two-year observations. As of April 16, they stand at about 2 million BTC. Assuming a daily influx into spot BTC-ETFs of about $500 million, which at current prices equates to approximately 8,025 coins, it would take just nine months to completely deplete these reserves.   The results of calculations using the Stock-to-Flow (S2F) model, which demonstrates the relationship between an asset's usage and its reserves, show that after the halving, the bitcoin S2F coefficient will reach 112 points. This is nearly twice the S2F for gold (60 points), indicating that by January 2025, bitcoin will become a more scarce commodity than the most popular precious metal.   In such a scenario, another powerful new driver could emerge. Following the U.S., similar investment inflows into cryptocurrency could be provided by spot ETFs in China. According to insider information from Bloomberg, the SEC of Hong Kong could make a positive decision on launching such funds within the next few days. And perhaps the predictions by ARK Invest's CEO, Cathy Wood, and author Robert Kiyosaki, who expect the price of bitcoin to reach $2.3 million per coin by 2030, are not so far from the truth.   As of the evening of Friday, April 19, BTC/USD is trading around $64,150. The total market capitalization of the crypto market stands at $2.32 trillion, down from $2.44 trillion a week ago. The Crypto Fear & Greed Index has dropped from 79 to 66 points, moving from the Extreme Greed zone to the Greed zone.   Finally, a bit of intriguing information for collectors. As it has been revealed, miners have begun active preparations for the "hunt" for the first "epic" satoshi to be mined after the current halving. Whoever mines it might receive a substantial sum, as the estimated value of this "collectible" digital coin could be several tens of millions of dollars. About two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of individual sats. With the launch of "inscriptions," it became possible to number and sell fractions of bitcoin similar to non-fungible tokens (NFTs).   Rodarmor's scale varies from the first "unusual" satoshi in each block to the "mythical" – the very first in the history of the blockchain. One of the highest degrees of rarity is the "epic" sat, mined in the first block after each halving. It is possible that collectors might value such an asset even at $50 million. (Remember that a satoshi is one hundred millionth of a bitcoin (0.00000001), and at the current BTC price, the price of a regular, non-collectible sat is just $0.00064). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Get Up to 500 USDT FREEEEEEE    👇🥳  👉   Go Spin and win 5 BTC & all Crypto  ☝️💸
    • Наступило еще одно сокращение награды биткойнов вдвое, четвертое на данный момент, и оно не было похоже ни на одно другое до него, причем институциональные инвестиции впервые сыграли ключевую роль. Уполовинивание биткойнов исторически было связано с одним существенным сходством — последующим скачком цены BTC , который часто происходит через некоторое время после халвинга. Хотя сообществу еще предстоит выяснить, пойдет ли четвертое халвинг по тому же пути, кое-что уже изменилось в халвинге Биткойна в 2024 году. База пользователей криптовалют выросла как минимум на 400% с момента сокращения вдвое в 2020 году Хотя скорость генерации новых биткойнов снизилась со времени первого халвинга, спрос не остался на месте. По данным различных источников , с момента предыдущего сокращения биткойнов вдвое, которое произошло в мае 2020 года , глобальная база пользователей криптовалюты увеличилась как минимум на 400 миллионов пользователей. По оценкам Кембриджского центра альтернативных финансов (CCAF), в 2020 году число владельцев криптовалют во всем мире составило около 100 миллионов пользователей . По оценкам криптобиржи Crypto.com, к концу 2023 года число пользователей криптовалюты в мире выросло до 580 миллионов человек . Глобальные пользователи криптовалюты с января 2023 г. по декабрь 2023 г. Источник. Крипто.com Несмотря на то, что Биткойн является крупнейшей в мире криптовалютой по рыночной капитализации и самой старой, у него, очевидно, меньше пользователей, чем у всей криптоэкосистемы. По данным Technopedia, по состоянию на 2024 год около 2,7% мирового населения будут владеть биткойнами, что составляет около 219 миллионов  человек. Если верить данным, то, согласно расчетам Crypto.com, эта цифра выросла примерно на 208% по сравнению с 71 миллионом пользователей Биткойна четыре года назад. В случае с Биткойном или большинством других криптовалют оценка большинства пользователей не может быть на 100% точной, поскольку анализ транзакций в блокчейне часто неспособен отличить долгосрочных держателей от потерянных BTC, а также других факторов. Ралли биткойнов перед сокращением вдвое в 2024 году еще не наблюдалось Одно из самых больших различий между четвертым сокращением биткойна и тремя предыдущими  заключается в том, что перед сокращением в 2024 году цена продемонстрировала необычайный рост. В предыдущих циклах цена Биткойна регистрировала снижения перед халвингом, а новые исторические максимумы были достигнуты примерно через год после даты сокращения награды ха блок. Например, биткойн не поднялся выше ранее установленного ATH в 20 000 долларов до халвинга в 2020 году. В этом цикле цена Биткойна превысила ATH только через 10 месяцев после сокращения вдвое. На этот раз картина совсем иная. В текущем цикле Биткойн достиг рекордного максимума прямо перед событием халвинга, установив рекорд в 73 600 долларов 13 марта 2024 года. Такого прорыва никогда раньше не наблюдалось, и с этим согласны многие аналитики, в том числе криптоаналитик eToro Саймон Питерс. На этот раз майнеры «лучше подготовлены» к халвингу Невиданное ранее повышение цен на биткойны перед сокращением вдвое потенциально оказало положительное влияние на майеинговую отрасль, поскольку майнеры получили больший контроль над затратами на добычу биткойна. «По сравнению с предыдущим сокращением вдвое, похоже, что майнеры в целом находятся в лучшей форме с точки зрения более низкого уровня долга и потенциально лучшего контроля над своими расходами, такими как электричество», — сказал директор по исследованиям Fidelity Digital Assets Крис Койпер, добавив: «Что также помогает майнерам в этом цикле, так это повышение цен перед  сокращением вдвое — то, чего также не наблюдалось в предыдущих циклах». С момента третьего сокращения вдвое в мае 2020 года потребление энергии при майнинге биткойнов значительно возросло, увеличившись примерно с 50 тераватт-часов (Twh) до 99 Twh 18 апреля 2024 года. Энергопотребление биткойнов. Источник: Дигикономист В то же время объем потребления энергии в сети Биткойн, основанной на возобновляемых источниках энергии, также увеличился: по данным Bitcoin ESG Forecast, на долю возобновляемых источников энергии приходилось 54,5% потребления майнинга BTC по состоянию на январь 2024 года. По данным CCAF, по состоянию на сентябрь 2020 года этот показатель составлял 39%. Первое сокращение биткойнов вдвое с помощью спотовых BTC ETF в США Одна из самых простых особенностей сокращения биткойнов в два раза в 2024  году заключается в том, что это сокращение вдвое станет первым в истории, когда биржевые фонды BTC (ETF) включены в Соединенные Штаты. После многих лет усилий спотовые биткойн-ETF дебютировали в январе 2024 года, открыв доступ к биткойнам для институциональных инвесторов.   По словам аналитика Bloomberg ETF Эрика Балчунаса, спотовые биткойн-ETF добились «ошеломляющего успеха», что, очевидно, отражает всплеск спроса на биткойн.
    • 20.04.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.7% (Мы доплачиваем) USDT  +1.7% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.9%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - по запросу USDT   - по запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • точно не зна, насчет 1го, но во втором стандартные долбанутые а ля erc20 комиссии   кстати, с наступившим !   можно халвы купить в 5ерочке отпраздновать   и тончик снова припал
    • Представители Федерального бюро расследований предупреждают общественность о распространении программы-вымогателя Akira. Согласно заявлению ФБР , программа-вымогатель Akira Bitcoin ( BTC ) нанесла многомиллионные убытки различным компаниям и организациям в Северной Америке, Европе и Австралии. Вредоносное ПО получает доступ к инфраструктуре предприятия через VPN, получая доступ к программному обеспечению без многофакторной аутентификации. Затем Акира крадет конфиденциальные данные и важную информацию, блокируя доступ к системе. Далее на экране отображается сообщение с требованием выкупа. Хакеры используют биткойн в качестве способа оплаты.   В результате распространения программы-вымогателя неизвестные мошенники завладели более чем $42 млн, затронув более 250 компаний. Первоначально хакеры атаковали компьютерные системы на базе Windows, но позже следователи выявили и Linux-версию Akira. ФБР совместно с Агентством кибербезопасности и безопасности инфраструктуры (CISA), Европейским центром по киберпреступности Европола (EC3) и Национальным центром кибербезопасности Нидерландов (NCSC-NL) выпустило специальное предупреждение. Ранее ФБР опубликовало отчет о мошенничестве с инвестициями в криптовалюту. По данным агентства, в 2023 году этот показатель увеличился на 53% до $3,94 млрд. Как пояснили в ФБР, большая часть афер была связана с обещанием высоких прибылей от инвестиций в цифровые активы и составляет 86% всех потерь от инвестиционного мошенничества. В Соединенных Штатах.
    • Как и другие L2-решения, конкуренты (солана) и сам эфир. У меня возникла мысль, не перелезть ли с матика в оптимизм, арбитрум или еще что. Как раз пока дно. Но че-то лень. А другие более значительные перед халвингом были? Уж какие случились. Я пересказы видел и не потянуло слушать целиком.
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Solana SOL > USDT TRC20 USDT TRC20 > Solana SOL
    • Мы рады объявить, что поддерживаем JTO на нашей платформе!   Jito (JTO) — это управленческий токен в экосистеме Solana, направленный на максимизацию преимуществ жидкостного стейкинга и снижение негативного воздействия максимально извлекаемой стоимости (MEV). Держатели токена JTO могут участвовать в процессах принятия решений, влияющих на развитие сети, таких как управление фондами казначейства и установление тарифов для пулов стейкинга.   Обменивайте JTO по лучшим курсам на: easybit.com/ru 👈  
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