You achieved your goal OP and made him change his mind so it's all good. You did all you could and you did it well enough to make him admit to his mistake. Good job.

What I'd do is simply tell him to do some research and not wast my time on him. I know that's lazy but I had so many random encounters with people who had their opinions about Bitcoin without knowing anything about it that I no longer argue with them. I'm not going to help them make money. If they don't want to do it it's their choice and it's going to be their regret.

It looks like FOMO has got a hold of you. It's fine, I hope more people feel like that because it makes the rally even more powerful.

Of course we will see 29 thousand and below that because every bear market ends with a deep dive towards the long term support. It happened in 2015 and in 2019.

Even if we go to 50 thousand in a few weeks it's going to correct to 20 -25 thousand again one day. The trendline that marks the bottom is still at 16-17 thousand at the moment and we are overbought. Even 20 thousand is still in play and going there would still mean that we're in a bull market.

Coinbase isn't good because it often changes its TOS and you have to keep track of what they're doing all the time. Their support takes their sweet time to answer questions and as all other exchanges they don't like to take responsibility for anything.

Never hold coins on a centralized exchange! Use it if you have to trade but when you don't trade move to a wallet. It takes maybe 5 min of your time to set up a withdrawal.

That phrase about eggs in one basket is abused so much, especially in the altcoin section

I try not to react to these small moves that take less than 5 days to unfold.

Was it really a dip? It could very well be a dead cat bounce. If you compare the peak of 2017 bull market with this one they look very much alike on 1d charts.

We have a high followed by a selloff and a lower high. Could be the end of a bull run, but could also be a continuation if we can form a higher high in the next few days. It's going to play out in less than a week. If we don't see a higher high then we could revisit 22 thousand.

It could. There's not many things that cannot happen in the crypto space

It would depend on the value of Bitcoin. If bitcoin reaches 1 million all major altcoins will rally as well. I'm not counting centralized scamcoins with premine like XRP and stablecoins but big players that follow the moves of BTC will go up by a lot. I could bet that 1 million usd bitcoin = 100 thousand ETH.

Yes that's pretty stupid. I can think of so many things that could go wrong here like a kid gets a hold of it and starts spamming some stupid things and uses all your attempts or it gets stolen by a thief who simply locks you out trying to break it when he'd need weeks to crack it anyway using sophisticated software if you just used a strong password.

When you can remember a strong password or know how to hide it you can use a normal hardware wallet. If you prefer to use a short, weak password like "mybitcoins" you can use that ironkey thingy, but you'll always risk that if it gets stolen the thief can lock you out.

Also, why would anyone store 200 million dollars without a way to recover the wallet? You can forget password but what about the seed?

There's still a risk that bitcoin could fall below the OP's entry point and revert to 20 thousand so watch out guys if you had bought at that price range. I wouldn't panic but if you're traders remember that it's not all set in stone.

Congratulations OP I hope you won't panic and earn even more profit. 50 thousand is right around the corner.

This year is going to be interesting. A lot of new millionaires are going to be made.

Very unfortunate, but what can you do? Stupidity is a part of our nature is it not?

If it was one of my friends I'd tell them to get a brain surgery or something. It's one thing to forget a password and another not to have it written somewhere. He's an idiot for holding all his coins in one place and not even remembering a password. Like what more important things do you have to remember than a password to your 200 million dollar wallet?

If these are the only odds, I'd say we should all buy BTC right now

Look what they're saying! One analysis says it might fall and later rally, the other that it could go 300% up this year. They're both extremely bullish.

I don't have enough fiat to keep buying, but if I had, I would. Nothing to worry about guys, short term drops are normal in bull markets since price likes to retest fib lines.

It's funny how it can be crashing and not crashing on the same day.

You guys are falling victim to fear that charts set to small time periods create. There's really no reason to watch 30m or 1h Bitcoin charts unless you're a trader. Watch 6h charts or 1d charts and you'll be emotionally healthier.

The answer to OP's question is the same as always. Need fiat to buy something? Sell BTC. Got fiat, don't need it? Buy BTC!

People like round numbers, that's all there is to owning 1 BTC.

Some time ago when 1 BTC had low value there was a group of people who played around setting up elitist groups like 100btc club and so on. Probably in a year or 2 you'll belong to the elite if you hold 1BTC

I always tell people that $1000 invested in bitcoin is $1000 invested in Bitcoin. It doesn't matter that you'll only get 0.1 or 0.08, or whatever else. Invest what you can and stop worrying about it or one day you'll have 0.99 in BTC worth maybe 99 thousand USD and you'll be worried that you don't have 1 instead of being happy that you own so much in fiat.

It's really easy if you live in a country that understands and recognizes cryptocurrency.

Say you wanted to withdraw a million Euro in Germany, you could do it and I doubt that any bank would block your account.

There's always a way to look more and less suspicious, like if you sell it all at once and make a 1 time withdrawal of a million and then come to the bank and demand a million in cash that could raise some eyebrows and you'd be sent home and asked to come in a few days when everything is verified.

It lost about 5000 USD from the top. You could say it's a lot but it's not. It also lost 5000 dollars on January 4 falling from 34 to 28 thousand.
 
As a matter of fact, bitcoin could use a healthy correction.
If we were to come down to around 30 thousand and bounce back it would be much better for the long bull trend than if we continued to go up from 42 000.

More like they're too lazy to read anything more than the title.

A typical spammer reads the thread, clicks, goes to the last page, either quotes one of the last posts or answers straight up. If the quoted post was done by another spammer you got yourself a spam chain 

Anyway, good job sir, keep on hodling. I sold all my unnecessary shitcoins to get more bitcoin 2 years ago.

You may be lucky if you're a girl

In a world war not all countries fight. It's called world war because there are conflicts on more than one continent but many people including my grandparents lived through the war without being drafted or having to hide in the basement from bombs. Many countries even in the conflict zones were spared and the front moved far from them.

According to statistics most investors don't make money on the market.

You shouldn't worry OP because unfortunately you did what the majority does which is lose money or leave with more or less the same amount that they entered with. Some earn 5%, some lose 5% but only a few make big money and to do achieve it you have to do what others will not. When the majority sells you have to buy, when most people buy you have to sell.

Don't worry, there's still time to buy some bitcoin. We are still early in the game, don't give up.

You are correct. Probably more than 90% of players don't do it because it takes too much time. People prefer to rely on casino's reputation and hope that other people are doing it.

If you think about it it's not really that bad. Casinos can't cheat 1 single roll and be fair with another so even if 1% of players would check games it would be enough. You have hundreds of players playing every day and you'd risk your business and reputation hoping that not even 1 of them will check fairness? It doesn't happen in the real world.

He should be worried because his death could mean a huge dump on crypto. There are still people who think he controls bitcoin which of course is not true.

Imagine what would happen if Satoshi revealed himself and then got assassinated or kidnapped. People would use him to manipulate bitcoin, I'm sure of it.

That's some expensive dentist you got there

I do the same. I don't sell to make money because bitcoin is my savings. I also sold some a few times at different levels even lower than 20 thousand but that was because I had a choice between going to the bank and begging for a loan, borrowing from my friends, or selling a bit. Sometimes you don't see any other way and in such case you should never regret or torture yourself.

A trader who chose to sell on Monday when he could wait till Friday can have regrets. People who have families and expenses shouldn't because they aren't selling for fun but out of need.

The important part is that you guys are still in the game.

I guess that the best way to convince people to switch to digital currency is to show them that fiat is unreliable. You can't simply stock up on fiat money and forget about it.

What would people who had a lot of money 50 years ago and put it all in jars be able to buy? 50 years ago the same amount of money that could buy them houses and multiple apartments wouldn't even buy 1 house now. In some cases if they held a currency that disappeared they'd have nothing left. They wouldn't even be able to buy a bottle of clean water.

Once you see the death of a fiat currency you will never want it to happen again and you'll value bitcoin.