I'm not likely to sell anything, but I might get a second job though. Who needs to go have lunch out when you can grab 1/100th of a Bitcoin for 80 bucks? lol
Let's say I am spending $80 for a dinner out while BTC is at $8k --> that's the equivalent of spending $1,000 for a dinner when Bitcoin gets to $100k, not even mentioning $10k when it hits $1M. This is called the cost of opportunity.

The fact that a lot of chinese people keep holding Bitcoin could be an indicator of the level of trust the population has in their government.

I have a rule of thumb --> don't ever make your decisions based on a conservative mindset when you invest in technology.

Two different assets, two different times. I see no reason to assimilate the two "assets" - if you can name a tulip an asset taking into account they are highly reproductible. But I'll play your game just for fun:

1) Bitcoin has a limited supply, tulips obviously don't.
2) The tulip bubble only lasted for 3 years. Bitcoin is already more than 4 times older than that and went through a lot of up and downs. I wouldn't name it a bubble anymore.
3) Tulips do not have any of the utility properties of BTC like durability, portability and security. Not even mentioning the fact that you can't digitalize them haha

Gambing addiction is a mental health problem that can be cured with the right assistance. So to answer your second question - yes, gamblers receive a second chance to hold positions in financial departments, but try to implement strict controls and monitor them for a period - let's say a few months. But make sure he received professional help before giving him a second chance.

You are taking a risk by hiring someone with a gambling addiction, though. So logically that person should be someone you care about.

I agree with you generally, Franky, but I don't think speculation is the right term here. I'd use supply and demand. If at any point in time there are more sellers than buyers, the price drops. But as you said the price is not linked to value and as educated investors and traders we should make a clear difference between the two.

1 satoshi per second = 86400 sats/day = 17 bucks per day --> For many jobs that would be the equivalent of 1H of work dedicated to BTC stacking. Not so bad if you ask me, but there are countries out there where you make that much in a full day of work.


Wasn't aware of this website, thanks! Gotta admit that it took me a minute or two to figure out the chart  

It is going to be a rough winter especially with those who live in countries that actually have a winter season due to their climate. With energy prices surging and overall inflation the average joe will be struggling to meet monthly expenses.

Regarding assets though like Bitcoin only time will tell if we already had the macro bottom or there is still more to go.

Wages should increase in time due to inflation and economic growth, so will the purchasing power of the population. So if Bitcoin continues its ascension towards a globally recognized instrumet for storing value over the long-term $100k might be quickly "checked" in the bull run and we may assist a fast ride to the legendary $1M mark


Remember that every time someone sells something, someone else is taking the counter part. So whenever there is a seller, there will be a buyer.
You can't know the intentions of market participants. If you would you would catch the bottoms and the tops close to perfection.

It's sad to see poor countries not profiting from the opportunity Bitcoin and cryptocurrencies as a whole offer, but it's a truth that corruption is the main factor keeping these countries in a vicious cycle.

I don't admire people who break the law, but I don't see why cryptocurrencies would ever be banned with a rational reason, for the wellbeing of the population? It's really dumb to keep technology away from your people.

I'm a strong believer that the solution for third-world countries is radical erradication of corruption combined with entrepreneurship. That's what is going to create the biggest impact.

That's good news although they should have kept them Bitcoin only. I don't see why anyone else besides gamblers and kids looking to do smth "new" with their money would buy Shiba Inu.
I'm not sure about the rates and fees of these ATMs. At least in my country we have some Bitcoin ATMs in malls and places with high traffic, but afaik you need to pay a serious premium over the market price for the "convenience".

If you are a true Bitcoiner you know that every satoshi counts in the stack


As long as they increase the number of ATMs, it means they're profitable.

I think the lightning protocol is the perfect solution for the scalabilty issue. Even if Bitcoin does not get to become a currency used for day-to-day transactions, its existence is justified by being a great candidate for the best store-of-value instrument the humanity has ever had in terms of portability and security.

Inflation definitely affects miners as well and coupled with the downturn in economy some of them will be forced to plunge into their bitcoin reserves in order to survive and/or cover the losses.
The market doesn't appear to be controlled by a small group of people. Price action is just a reflection of market participants. The liquidity is quite shallow compared to other more mature markets so that's why we assist big, sharp dips.

The pressure of the miners could push the price lower, but the price will stabilize at one point as pressure lifts. These are just economic facts. Supply and demand. Do your dilligence and decide for yourself. Keep in mind that people have emotions. They can't control them. When they lose money, they panic. When they make a lot of money, they are enthusiastic, greedy and want to make more in fear of not missing out.

Now, isn't that hypocritical? A communist government talking about manipulation. What can we draw from this? --> Fear of the emerging giant.
They are just making things worse for their population. Bitcoin is already well past the global phenomenon status and they still are trying to discourage their population from buying it instead of embracing "change". That's just so characteristic for conservatorism.


No s@it... Why aren't they creating something like Bitcoin if it is just a string of digital code? - Short answer -> Because they can't and because they lack the vision.

I don't see why you have changed the domain. NotYourKeys.org was certainly a better brand name for the informational purpose you tried to build it for.
No offense, but I'm not going to wear the link to your website as I don't think is organized and clean enough for newbies. However I will join the movement and add "Not your keys, not your Bitcoin" as my personal text.

Good luck and congrats for the initative! I'm sure you can make a better job with the design if you invest a little more effort

We can't know for sure the impact of this news, but yet I don't see how the ceased operations of some mining farms located in Iran that operated without a license would affect the price. Especially with a below 5% weight in total mining power this should be quite insignificant. I'm sure there are farms developing all over the world. Take a look at the chart below. The mean hash rate is at all time highs and surging quite rapidly while the price is having a downturn. The recent drop in hashrate might be caused by mining farms who are forced to cease operations as they can't cover their expenses.

You would be surprised how "easy" money can be made if you have the right skills. I say "easy" with quotations because before getting to the easy part there is a lot of hard-work in order to acquire the skills and experience required to make it "easy"

You would be suprised how many families don't even make a budget. That's why economic crises take such a big toll on the average joe, not even talking about the poor class. Most of them do not have basic education, not even talking about financial education that is not part of the curriculum. My point is that having a money management system already puts you ahead of the great majority of people. If you took the risk and navigated the crypto markets, you sure learnt lessons that would serve you for lifetime. I know I did. One advice: no reason to ever regret losing that money. It doesn't help you. Get your head right about money, it is abundant for those with a growth mindset

Totally agree! I think it is the time people become more self-sovereign. Institutions are there to serve us, yet they have become a nuisance. The "system" is clearly not working for everybody.

We need something better. And that could be a global store-of-value asset whose supply is not controllable by any central entity that is prone to corruption. Power corrupts, we all know that. Through code we can leverage the power of the crowd without the risk mentioned.

I'm very curious how you got to the conclusion that Bitcoin's value should be "near zero". I suspect that's very shallow thinking.
Civilizations traded in shells thousands of years ago. How are shells more valuable than a complex, sophisticated network and rare cryptocurrency? And don't bring the argument that shells are 'tangible'. Goodwill is not tangible, but still is worth millions of dollars in company M&As. What would dollars or any fiat currency be worth without the backing of governments' decisions & guarantees? You see, it is all about trust here. The nature of Bitcoin's network makes it a trustless instrument for storing value.

What would you trust? A government full of corrupt individuals with their own self-interests or a network secured by hard core code and nodes all around the world that has a proven track record of 13 years already?

Moreover why is Gold worth so much in comparison with Bitcoin? --> Because it is tangible and has been valued by humanity for so much time. But things change. That's how we evolved as a race. Technology empower us and we should embrace it, BUT with a tint of conservatorism.

Capital management and I would say more importantly - risk management are imperative skills for an investor. The latest is even more essential for an active trader.
I think this mode of thinking is wrong. The thing to keep in mind is that we don't have any clue if the market will ever come back to previous lows and/or highs.  We can just judge this to our best knowledge by analysing price history and fundamentals of a certain instrument.

But yes, if you read between the lines --> one needs to be emotionally prepared when entering any market, especially one with the volatility and efervescence of crypto.

I don't know about any coins that act as indices for the food market. Anyways what the "food" market is a very wide concept. What exactly are you referring to?
The supermarkets are raising prices because production and logistics costs have shot up due to the energy crisis. Pretty much everything is going up nowadays due to inflation, not just food. You said you want to follow the food prices, but what you really want is probably to "match" the inflation. We all want that tbh, but that is not how it works.

Some might argue that inflation is the hidden tax of the government. And if you look at it - it is. At 15% yearly inflation that would be a 15% reduction of your yearly salary assuming you haven't invested it in any other instruments.

Something that Buffett said sticked to my mind - that in times of inflation the biggest asset is you or something like that. That means no matter the economic situation if you are highly skilled in something that is in demand you will be rewarded and able to keep a decent living. If you want the accolades you've got to take risks.

One more thing I wanna point out. If an asset goes south now (when inflation is high) it doesn't mean it will not keep up with inflation in the future and perhaps greatly overpass it. You see.. when interest rates raise the debt service burden shots up as well. When that is paired with high inflation --> increases cost of living --> people who are under big financial or emotional pressure will start selling their assets (even if that is at a loss) just to make the ends meet.

IMO this should be even more widely spread around crypto communities. Bitcoin and cryptocurrencies are meant to empower the individual and he needs to be aware of the risks he is exposing to when keeping coins in custody of a third party.

My recommendation is to invest the time to learn about the mechanics of crypto wallets and their security features. It is not rocket science. I'd say that anybody who has a basic understanding and experience with computers can do it. In other words if you are able to create an account on an exchange, deposit, withdraw and manage your account than there is no reason why wouldn't you be able to understand and apply the best self-custody practices.

Of course that if you are actively trading you should keep a certain amount on the exchange, but be aware of the risks. The human psychic tends to avoid responsibility. That's why many prefer to keep their coins on exchanges - comfort and if something happens with their coins they can blame the exchange aka "the system".