It is time for btc to show some corrections and that sudden drop was a signal that it will get under 20k once before it continues its rally above the latest ATH over $24k. I have read and understood that btc is still very bullish on the charts and fundamentally too, but corrections are coming.

That was a ridiculous act, some Bitcoiners do these things in such a haste that they regret the next moment for what they did the previous moment. I ask them what was that haste about? Are they going to miss their bus or is there a dog running behind them? Crypto related things are need to be done with so much care because once gone, it's gone. This is the only precaution a Bitcoiner needs to take care of.

I think some sportsbooks offer this service internally, but the received values are worth nothing against the loss. And there should not be such services available to gamblers imho as it will just provoke a gambler to gamble that money also which is in no good for them.

I also use it in a limited way because holding it for longer has so many risks associated with it. If it does not get hacked by somebody, then sometimes I have seen some project owners ditching their investors and holders by dumping the project in any way. I always remain scared when I use USDT or any other fiat-pegged coins that some day, if I don't see them in my account some day, it will just break my trust from these stablecoins.

Your name sounds Indian and I have seen you post in their local area, so I assume you are from India. I have some friends living there and I have never heard any of them saying of making any purchases like you did till date. They used to buy gift cards from me for their btc but never heard of a product bought by them against btc as they (my friends) are too conservative about conversion and high transaction fees for which they use their cash only to buy anything. Congratulations on your first purchase and the beginning of a new journey towards having more in future.

Bets have become extremely riskier presently compared to older ones when there were cheerleaders, fans in support, so the team's enthusiasm always remained boosted. Now, even the worst team is winning some great games shocking everybody who bets on low odds team and loses, especially in those bets where we lose due to one bet loss in a parlay. Theoretically, you can also say btc's supply is now 210 billion but it will not change anything practically.

Correction will happen but not in the 2018 style. It will be different this time because this is not a pump led by some retail investors but a growth by institutional investors and they are not so dumb to do it like what happened earlier. If you see btc under $20500 you can buy it back as that is where this correction looks to end.

2double0 - 63

Thank you Sir

That is really sad and a lesson learned that we should never invest in a website which uses our money (bankroll) to run a promo on their website and the investors have a high risk of losing their overall investment because of that promo. The company should take the responsibility of these type of promos and should keep investors out of this. By using investor funds, they are playing with their trust.

Do not set your hopes too high, it's festive season and a sell-off is about to happen. You will see till 25 Dec if it rocks on to $30k or sits under $20k as selling has begun and we need fiat to celebrate Christmas by buying some gifts for everyone. Liquidity is looking lower than I saw when btc was trying to break above $20k, let us analyse more and keep the cash in our hands ready.

Reminds me of an Economics professor (I can't recall his name) who predicted that btc is nothing but a piece of shit which will be worth 0 in near future, see it is 2020, where is that professor?

Did anybody ask Rosenberg why he thinks btc is a massive bubble? Because institutional investors are preferring it over gold? Or he wants to buy btc cheap?

If we will see a spike in the total supply number after reaching the last Bitcoin through mining, I am sure btc will fall down but it has years to come. Why add more btc in supply when you can add a new coin to the list: a fork of btc at 1:1 ratio and add 21 million coins more to the market like Bch did?

Bitcoin has already done its part since it was brought to people, it is more than a million times its least price it was sold at. But these predictions are too higher for btc to reach as it will need immense parabolic move from btc and the sell pressure will be equally huge then. Till so many big institutions bet a very big part of their portfolio in btc, even 100k looks too far in the next 5 years. And it is already too big now that it will give a great competition to Gold in the near future.

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2double0

I have found many similar sites at Telegram but surprised to know that they are everywhere. Nice job done by you OP, but you should use the scam accusations board and format it as passwordnow stated in his quote, and describe everything. Glad to see that everyone is aware of these sites now and don't blindly deposit there.

Isn't LN serving that purpose already?


The price, even if backed by BTC at a 1:1 value factor, some of these tokens differ in values against BTC and can be profitable/unprofitable to the holder.

What if their (the token's) Blockchain provider gets stuck at some point due to any reason? What will happen to the transactions ahead and who will bear the losses?

It isn't dead but has opened doors to scammers to scam innocent people with their fake and non-sense schemes. And I do not think that there are more days left for the survival of DeFi and it will get buried with its projects the way all the old categories got away with the money of good people.

The top 1% are those who don't trade at all IMHO. These traders trade when it is required - when the markets are going to make a move which is so big that it can make a huge difference when happened. These traders are from the big names who trade to make profits 'only' of any range.

Eth is backed by its owners, various smart contracts and specially, the investors. It has its own Blockchain, many projects working on it, Eth 2.0 officially launched and it is the cause why the price took off.

Bch is just another shitcoin that took birth as a result of Bitcoin's mercy to pave the way towards new rules set by a few miners to get some big blocks and so, this shit resulted in the form of a fork.

Many 'DeFi' tokens have been released and gone because users have known the risks and were liquidated in keeping positions in these tokens whether marginal, futures or spot. I don't agree with OP and think that DeFi will not replace anything, but will get replaced by something new like ICOs and IEOs got replaced by DeFi trend.

Even though backed by BTC, why should I trust a wrapped BTC Blockchain? The same way, why should I trust other fiat tokens backed by USD and pegged to it when some tokens have relatively fluctuating values? BUSD, USDT, USDC, TUSD, and many are the examples for that.