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Very interesting but it’s maybe better to not get so deep & just accept that many people are different. Life would be so boring if everybody was the same. I find it interesting to socialise with people who have similar interests to me. It’s obvious when you meet somebody if you click with them. It’d be weird if we all had the same personalities & views on life.
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It’s a bit like the Gold Reserve Act of 1934, the US banned all citizens from owning gold. We’re not at a crypto banning stage at the moment but the US is starting to become hostile. They can’t stop bitcoin though & I think that’s why they didn’t come for it, they only came for securities. To try & ban bitcoin would make them look weak because they can’t do it. Bitcoin & many other coins will continue to flourish despite the US authorities best efforts to stifle innovation.
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UK MP’s might want to rethink that statement because unlike here in the States, there is no tax on gambling winnings of profits. I’m sure investors over there would love that to be put into their law, no taxes on profits due to ‘gambling.’
Crypto is not gambling though is it, it’s investing. Just like any stock there is always a chance of volatility, we don’t need protecting from anybody. We are all capable of assessing our own risk.
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CBDC’s can’t compete with bitcoin because they’re a totally different thing. Bitcoin is hard money, it’s designed to be taken into self custody, no middlemen involved, nobody can control your money & what you spend it on except you. CBDC’s are the exact opposite, government spyware, issued & basically controlled by governments & banks. I don’t like the idea of CBDC’s at all but if they come I will use them sparingly, as little as possible. I will not be told limits on what I can buy or what I can buy.
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Bitcoin is for everybody, I do have to say that although huge efforts are made worldwide to cut the pay gap between men & women, create equal rights etc, I do feel that bitcoin is male dominated. Don’t get me wrong, there are many women involved but in my experience at least, there are more men that women who are deep down the rabbit hole.
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Could have been a dangerous scam to be honest with control of that email but anybody in bitcoin for a while would need to see a Satoshi claim proved cryptographically. Nobody has ever been able to do that, notoriously Faketoshi Wright.
Also the main clue that this is nonsense is that Satoshi would never promote some cheap, nasty thing like OTOM. Bitcoin is his baby, his art, his masterpiece. He would never come back like this.
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I started to buy in 2015, I have done quite well with bitcoin. It has definitely made my life better & given me things I maybe couldn’t have achieved without it. I sold some too early, bought some stuff with bitcoin when it was cheap but I don’t regret anything from the journey I’ve been on.
It’s never too late to buy bitcoin. If you’re new now & thinking it’s too expensive, it’s not. The worst thing you can do is sit on your hands & do nothing. Bitcoin is the hardest money ever invented, buy & hold long term, you will not regret it.
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I won’t do anything because the life we are living now is the only life we ever have. I don’t know if there is an after life, that’s potentially possible but I definitely do not believe in reincarnation. You are born, you live your life & when you die, your lifeless body is no more. Your spirit could go to another place but I definitely do not believe that you come back to life in another form.
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Self custody is always the way, it always has been. People like to trade with a small % of their stash though. Also if you have limit sell orders you have to leave your coins on an exchange. There is no other option there unfortunately. Obviously you mitigate risk but all of us at some point have some exposure to the potential of getting scammed by leaving money on exchanges.
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Probably an early miner, we’ll never know if Satoshi is moving coins unless they’re from his well publicised address(es). I’m inclined to believe it is an early miner. I mean there are active users on here who registered in 2010 so it’s not that crazy that there are really early adopters amongst us.
Sometimes early coins moving could just be early adopters moving coins to another type of wallet or device due to paranoia over a breach of their OPSEC or security etc.
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The bitcoin price was negligible in 2009 when the first block was mined so let’s use May 2011 as an example. The price was $8.81 at May monthly close. If you had $5,000 invested in bitcoin back then, you would have had 567.53BTC. Some simple math tells you that your $5,000 worth of bitcoin would now be worth over $15,000,000.
I think it’s safe to say that regarding inflation, long term bitcoin HODLING fixes this. Returns are naturally getting smaller as bitcoin gets more mainstream but it still beats inflation by far when HODLING long term.
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There seems to be lots of FUD floating around at the moment. I’m sure you’ve all seen it regarding Binance & Coinbase. The price hasn’t dumped too much as a reaction, when that happens it usually means a mid to long term bottom is in. Hopefully that’s the case here.
Regarding $40,000, it’s possible by the end of 2023. I really hope sooner rather than later but end of this year is definitely a good target. Let’s see how it plays out.
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I’m always buying when the price is so far down from the all time high. We are in an economic downturn yet the price is still above $25000, it’s incredible really.
Obviously it depends what your plan is. If you don’t want to sell anything for many years then it’s fine to continue buying without caring too much about the price. If you plan to sell after the next halving then you still have some time to buy but the price might run away from you if you don’t hurry up.
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I think that must go down as extreme sport, seriously after watching the video haha. It seems so dangerous but hey who am I to judge.
Imagine the lactic acid & thigh burn running up that hill.
If they have fun & don’t get a serious injury then good luck to them.
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That’s interesting & probably the way it should be going forward. I’m sure the MtGox claimants would like that to be the case in their situation. Sadly it won’t though.
In this scenario though, the guy borrowed in bitcoin so he should pay back in bitcoin. Sucks for him that the price has gone up significantly (relevant to € plus interest) since the loan though.
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After banning mining & also banning retail investors buying bitcoin, China is recently relaxing rules around bitcoin & a small select group of alts. Retail investors in Hong Kong can now buy bitcoin & a small group of altcoins. I don’t know if or when this opportunity will open up to the rest of China but already they have changed their stance.
As recently as yesterday the SEC in the US started proceedings against Binance US. They seem to be making things hard for the crypto industry in America. China could be more than willing to open their doors to accommodate if the US closes their doors..
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Binance US accounts for less than 5% of its trades. This is just a massive FUD, the SEC are going after crypto.
Let’s remember that bitcoin isn’t listed in the supposed assets that the SEC are branding securities. This isn’t about bitcoin even if short term, it has been part of the reason we are down over 6%. This might he a temporary problem for Binance & CZ but it is not in any way terminal to bitcoin.
It’s a nothing burger, price will recover, nothing to worry about.
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15 sats per byte to get included in the next block currently. I don’t mind paying less than $1 to transfer money anywhere in the world on the most secure network in the world, with no middlemen. https://mempool.space |
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The average investor is never going to know the next PEPE really early & be able to sell in time before the inevitable dump begins. These kind of coins/tokens are manipulated by a few whales. You might be able to jump in on the hype but you have close to zero control or idea what will happen. There is no TA applicable to these type of investments, most are just a rug pull. Look at PEPE & MONG already, massively down from their highs for seemingly no reason other than rich guys dumping.
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