Of course, it is ok to sell buy or do whatever you want. This is your money. Nobody said you shouldn't sell or buy.
Yet, you make a sell claim at a price that appears to be the bottom. Sure it can go down a lot more, but the odds suggest your advice to sell right now is terrible.
What is the reason for writing this? You had these thoughts in you for quite a while and thought of spitting them out AFTER Bitcoin dropped by 75%?

Right. The moment the first transaction out of an MtGox address takes place it is possible there will be panic. What make sense to me is to end with this situation the soonest possible.


Quit the ponzi-talk, please. It doesn't serve anyone. Regret it. Like I'm going to cry at the corner. I have investments, and I hold BTC. This is not about Bitcoin anyway but other coins I'm willing to risk and invest.

I'm not sure why you wrote this. This is what everyone is expecting. The BTC from MtGox to be released.
What do you suppose will happen?

Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.

There's an event we are waiting for that should finally end and that's no other than the MtGox coins release. Certainly, Bitcoin's price is decisive for the whole market.

Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.

I find Bitcoin obituaries hilarious, but the above sentence alone was my reason to respond. Your calculations are incorrect.
Price can drop more, but it will recover. I'm not going to sell you dreams of 100k, but you can make a decent profit buying Bitcoin exactly one year from now and hold for two more years.

Are you sure it was Bitcoin and not Linden dollars or any other in-game token? Plenty of in-game economies existed back then.
In 2010 (or 2011), someone set up an L$ to BTC exchange inside Second Life.
You don't remember which game you were playing or the website you used to buy Bitcoin, but you are confident you remember the date. Explain this.

The first exchange appeared only in late 2009 and you are saying early.
Also, you mentioned 2008, which is not even possible, since the Genesis block was produced on January 3rd, 2009.

Anyway, have a look at New Liberty Standard:(https://web.archive.org/web/20091229132610/https://newlibertystandard.wetpaint.com/page/Exchange+Rate) on the Waybackmachine. Maybe it will remind you of something, and you messed up the dates.


I'm not sure if wallets other than the Satoshi client existed in late 2009, so you would need to download the software and synch to the network.

That would also include learning how Bitcoin works since you didn't so far.


That was not Bitcoin, though. You would have been here earlier anyway.

See, your story doesn't check out. If we were playing poker, I'd call your bluff with Queen high, as it doesn't make sense.

No, that's not how it happened.
John McAfee was shilling BTC and altcoins at the same time when he made that prediction.

His first prediction was $100K not $1m. He somehow made a bet upon himself (to cut his dick off) if Bitcoin didn't reach $100K by the end of 2020. He then increased the stakes to $1m at some point.

Whatever this means to you, it meant a joke for John McAfee. If you didn't get it but took McAfee's word seriously that's on you.

Do you mean they buy accounts on Telegram and Twitter? I think it is easily observed. A genuine user base takes time to create.
There is marketing for sure and shills are often spamming so much as they did with Doge and Cardano, or earlier with XVG, Iota, Nano, and anything else was pumped.

During a bear market, almost every new project is going to fail immediately.
The funds required for the startup to begin will not be there, investors will not fill the presales, and scams will rule.
What could have a small chance to succeed, now has zero.
It takes backing from big exchanges and connections with investors for a project to succeed.

Having said that, I never stopped looking and will keep investing during the bear market appropriately.

But for anyone that considers leaving, know that this market will reward those that stayed. It is the time to educate yourselves.
I've seen even silly spammers changing their ways and realizing there is a lot more everyone can offer by changing their ways.
For now, it is the time we count losses, but also we strengthen and rise to the challenges we face.

Besides the new cryptocurrencies, from my perspective, I'd look more at cryptocurrencies that hold utility, keep developing and have a serious community.

Let's remove BTC, and ETH. Why do you think Matic, Sol,and Dot are stable projects?

Especially Matic and Sol have proven they are rather unstable with their networks in a poor state.

Nope. Russia will need to buy $80billion in BTC to cover for the trade balance sheet imports. That would also imply its remaining trading partners will accept BTC.
It would be totally stupid buying 80 billion in BTC since there is not that much available on exchanges and will need to keep buying at prices of 500k and 1million USD if so much Rubble or foreign exchange held by Russia finds an entrance to exchanges or any OTC desks.

It could buy a few million here and there, and those selling will get visits from the feds.

What do you mean a threat to the future? What exactly is the future for BTC?

You are spending fiat though. Why not move everything in Bitcoin then if you consider it to be a currency?

Questions:

How many BTC are left at the hands of the Trustee?
Will the trustee begin dumping again as in 2018 if the draft fails?

Why would the bankruptcy procedure drop the value of the coins to $485? This sounds irrational.
The BTC assets have appreciated since then, it is not so difficult to adjust the asset price in USD or Yen terms.

Since we all agree that Bitcoin will not be used for payments of everyday transactions what is the reason to discuss about it?
Maybe some of you haven't realized it yet that Bitcoin shoots for digital gold, not for digital payments. Some of you are in this for 5-6 years, haven't you figured this out already?

I don't know what exactly is this that you mean by Bitcoin. Bitcoin in the form of BTC can't scale on-chain, or devs have abandoned any attempts to scale under what they claim is fears of losing decentralization. Now, you should explore it further if it can replace fiat, with all the third parties and second layers that seem to reduce decentralization and even create custodial problems, or reduce the immutability and create an environment that could censor transactions, increase ID verification and even block transactions, thus reducing financial freedom.

Their website wasn't loading twice when I've tried (in different days). Then the next day (yesterday) when I tried again, I got antivirus warning me of phising domain. This alert comes from updated lists in antiviruses, and could be a false flag (althouhg this would also be something extremely rare). The day before, when I first tried to visit it, I checked telegram and it must have been down for many hours since another user was asking the same. Of course, there was no way to know what exactly happened since the telegram was full of bounty spammers posting nonsense and nothing of value was there.
There is no need for me to check further. If the website is not working properly, I'm not going to spend a second more.

There are some things I don't understand though. When setting a limited number of Twitter bounty hunters, shouldn't there be some kind of quality assessment? I wasn't selected in a bounty by Royce and after checking those that were selected, they were all a bunch of spammers, copy pasting the same sentences all over without making any organic Tweets. After that I've excluded this manager, since I have no intention of sacrificing valuable time, and have spammers selected over my content, no matter if this is just a tweet or a LinkedIn post.
Secondly, I've tried participating in the latest bounty by Yahoo (Volt NFT), but the project has too many red flags and looks like a total scam. I don't just apply to anything, there has to be some fundamentals that will make our time worthwhile. I don't like promoting any scam and when I notice websites going down, and phising alerts I'm staying away.

A final note, all telegram campaings are worthless. No investor will read all these ridiculous posts and feel that this will be a great investment.
In fact all these telegram posts like these are pushing serious investors away:


and thousands of similar paraphrased nonsense that mean absolutely nothing, and provide negative value to a community, since this is just premade trash quotes.
This is bad to see that bounty managers pay these spammers and projects that accept it are not looking a good investment in my eyes.

Yes, in fact I have participated in many of his bounties, and I wasn't so sure because the payments had been very low in USD terms. But he is alright. The team this guy has are doing fine, checking the projects and of course some of the scams can go undetected for a while. But yes, I think this is also a good manager, after having participated in their bounties.