I wonder what impact all this news spurt we are seeing lately is going to have on the ecosystem. If we are going to be optimistic, we could think that people will learn and save their own coins. But I doubt that this will be the case for the most part.

In addition, I think this will bring stricter regulations and a negative influence on the price, because let's think that all these entities helped BTC to reach 1T of market cap and 2T counting altcoins as well.

Some argue that, BTC is Gold 3.0. A digital version much better than gold, because it does not weigh and is very easy to transfer to the other side of the globe in large quantities in minutes and at low cost. In the end, I think that more than definitions, what determines the essence of something is the majority use it is given, and today it seems that it is more an improved gold than a P2P Electronic Cash System, although the two characteristics coexist in BTC.

I personally would not do business with them, as it is all nonsense. They are supposed to have been in business for many years? I don't know if they started implementing these rules on apparently stolen funds recently or it was the exchange they work with but the explanations they give don't make much sense.

I see a conflict of interest here. The story didn't add up for me until you said the employee is his nephew.

Casinos make a lot of money on people who lose money, so kicking them out because they lose a lot doesn't seem to be in their line.

If I were the casino owner I wouldn't kick the employee out knowing he is his nephew, but I guess I couldn't be a casino owner either.

I agree. It is not uncommon on a BTC forum to have people who have either all in bitcoin or a very significant part of their net worth in it. I prefer to be diversified.

The problem with having it all in BTC as the OP comments is that some people panic when things don't go as expected and sell at a loss.

How reliable is that? I see that it has a very high risk score and a 100% probability that they are stolen funds, which does not fit coming from a mixer, because the supposed stolen funds would have been mixed with others.

I would like to see a more detailed analysis to see how they justify their conclusions.

I doubt that it will reach those levels, what happens is that in the bear market in which we find ourselves and the way the economy is, it is not out of the question, just as it is not surprising to see predictions like that.

I believe the $20k environment is strong support and many of the leveraged have already been liquidated. So I don't rule out the price going down to $15k for example, but I think we would be back to the $20k area soon. When we will go up and get back to $30k for example, I am not sure, but with positive news it could be in a short time.

This is another example, like many, of how people lose money on something that has performed as well as BTC. We don't hold it in such high regard now, but if we think back to when it went to $69k, at that time everyone who had bitcoins was in profit. But there are many in the past who bought high and sold low, who lost keys, etc. Many of them are BTChaters today.

Can you provide a source for that?

I have just googled it and I can't find anything.

I had to google it in another way, here it is:

Crypto regulation faces even steeper climb after Supreme Court EPA decision

Let me guess: your net worth is something like $30, if not negative. And it pisses you off that many of us have profited from Bitcoin.

I know the story, when the price recovers you won't come back here.


I don't say it with as much certainty as you do, but I wouldn't be surprised if the worst is yet to come.

Many of us would like that, but I doubt that bitcoin will be widely used as a currency in the future. The most valuable thing about bitcoin is the 21 million cap and diminishing supply with halvings. That makes it more valuable as time goes on.

I think bitcoin will be used to store wealth rather than for day-to-day payments, although the two forms will coexist, as they already do today.

Not really.

The recent price performance is what has disappointed me a bit, just like the $70k ath, which fell short for this cycle. But Bitcoin is still the same, with the same properties that allow you to store and transfer wealth in large amounts without relying on a centralized entity.

I had no idea about the outbreak. I'd like to think that the worst of COVID-19 is over and it's gone flu-like, at least that's what we've been hearing.

In the case of Macau, they are doing it more for prevention, for their "zero COVID" policy, as the article says than because there is an outbreak like March 2020.


That is why they prefer a tough prevention policy.

To me, what this makes me wonder is how BTC has progressed on the basis of its market becoming a kind of financial casino that the whitepaper wanted to run away from.

From the idea of a P2P currency, apart from BTC, thousands of centralized currencies were created and are exchanged for it in search of the quick profit in centralised exchanges, and to top it off lately with an emphasis on leverage: "borrow against your Bitcoin". But in order to borrow you have to give up your private keys, just as you have to give up your private keys in order to get a measly interest.

I would say that many of those who have seen their funds frozen in Celsius have invested because they have seen the Youtuber of the moment, hoping to make a lot of money and not so much because they have an alternative for their savings that cannot be confiscated by anyone if they take minimum safety measures.

Those of us who have some idea of the subject will never have a significant part of our BTC holdings in exchanges.


Like it or not, most retail investors are impulsive people who look to bitcoin or any other investment for a magical way out of their shitty lives, and their way of thinking doesn't usually involve a boring strategy along the lines of: buy bitcoin, store it in a hardware wallet and don't worry about the price in 5 years.

It would be very naive to think that bitcoin is dead, just as it would be very naive to think that investing in bitcoin is going to be as profitable going forward as it was in the early cycles. And even more so after what we are seeing. It's not dead, that's for sure but the forecasts for this cycle have disappointed to the downside.

Yes, but what is clear is that the authorities were not going to allow their power to be taken away from them. I think that when they realized what BTCwas and that trying to ban it was like banning the internet, they decided to regulate it, centralizing it in a subtle way.

The more BTChas grown, the less centralized it has been, and I don't think the trend will change going forward, despite the P2PECS in the whitepaper.

What I believe is that sometimes, no matter how smart we are, we have an emotional part that we do not consciously control part of the time, and overconfidence in our intelligence can activate that emotional part.

There are cases of very intelligent people ruined, or who ended up committing suicide and things like that, and I think it is largely because of that, apart from not learning to be happy with everyday things, with contentment.


The person most to blame for popularizing this is Michael Saylor, the exchanges took advantage of his message to make a lot of money.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

We are in the middle of June and my sentiment is, obviously after yesterday, bearish. I think it is clear that the best of this cycle is over, not only because of recent events but also because of the macroeconomic situation. The only thing I hope is that the $20k support holds strong, as piercing it clearly down would unleash a panic like never before, as nothing like this has ever happened in the short history of BTC.

Is that 0 fee transaction confirmed by the same miner or pool that sends it? I mean the first confirmation.