OP thinks Satoshi is Santa or what?

If you were an inventor who made something, would you spend Christmas giving it away for free?

Maybe Elon should be giving a free Tesla to everyone and Bill gates should give a free copy of Windows, because it's holiday season ho ho ho!

They are still here, at least some of them, like Mark Cuban. There's that professor who recently said that Bitcoin is a bubble.

Some of them changed their minds and openly admitted to being wrong about bitcoin.

There's many attitudes and many ways in which people react to being called out. Some hide, some apologize, some ignore the facts and say the same thing.

My question to all of you who value opinions of rich people and other investors is: would you buy something if Mark Cuban or someone else told you to do it?

If you say yes then I wouldn't even try to argue anymore. This means you are a follower, not a leader.

If you say no, you shouldn't care if these people tell you not to buy Bitcoin. They're just people like you and me and they can be wrong. I've never followed Cuban, Buffett or Schiff and I don't care what they think I should buy or not buy.

This rally is different but at the same time similar. Confusing? It shouldn't be!

You could say there's more institutions coming in and that the rally is more predictable but we haven't really started the FOMO part.

We are where we were in 2017 when Bitcoin broke 1000 dollars and begun its climb towards 3000. The real FOMO begun at that point and with the last ATH being just above 1000 we went to 20000 so 2x the last ath. Even if we went 10x this time we'd be at 200 thousand dollars! Wait for us to go to 50 thousand at least before you start talking about predictability because this is where the fun will begin.

Bitcoin allowed many of these people to escape the low or middle class level and enter the 1% elite.

I read once about the way white earbuds worked for Iphone. It was a visible sign of who had an expensive phone with them when a person walked down the street and they sold like fresh buns. Other companies saw that and Samsung begun to also sell white ones, followed by other companies but the damage was done. Apple knew people would buy ther products just for show and stand in lines to get the newest version.

Not all coins will be airdropped. Those who believe their coin needs no additional carrot to pull users towards it will not airdrop.

USDt is shit wrapped in a pretty paper just waiting for someone to open it and release the smell.  It's completely normal that financial institutions will try to avoid it just like they've been avoiding XRP for many years despite their efforts to be a bridge cryptocurrency.

Exactly. To take a loan you usually need a collateral or a stable job that will serve a similar purpose.

I also would not use a loan to invest because it creates additional pressure. You know that you're not investing your own money so you're probably going to exit fast or feel like you have to sell at every small loss to protect the money. People who trade like that usually have a lot of small gains and losses and can't really make a lot of money.

I usually don't care much about alts and sell whenever I find the price fair, so whenever I get at least 5% profit. The only 2 altcoins that I held for a long time were ETH and ADA.

I try to focus on BTC price of an alt so that I can get the most out of it. My goal is to have the most Bitcoin that I can so it all comes down to saving up and hodling. I wouldn't sell alts now right after a big BTC pump and wait either for a BTC correction or an "altcoin season".

It's a funny question because the market never goes only in one direction. Corrections are as sure to happen as a new day is sure to come tomorrow.

Your question OP should rather be about the level at which the correction will take place. In my opinion it will be now or we'll go up like crazy surpassing 25000.
It would be much healthier if we'd correct now and start a big rally next year than go +2000 up and then correct. Early correction are much weaker than those following a FOMO.

Money have value only because people see it as a means of exchange. Giving that means of exchange for free to anyone will destroy its only purpose.

Like a painting of Mona Lisa has value because there's only one. If you start printing exact copies that are unrecognizable and giving them to people for free you'll make the painting lose its value.

You should watch a video about countries hit by hyperinflation and how people were using paper money to heat houses. Printing money and giving it away is a way to inflate money and create poverty, not a way to make people rich.

I thought the same that we'd be consolidating below 20 thousand for about a month and maybe make a move in January/february. It's much too early in my view and I really can't say much about the price.

Most people await 25 thousand at this point so we'll probably correct before that. I feel like we're in the same spot as we were in 2017 right after breaking 1000. We had an instant small correction and then went to 3000 and corrected again and a few months later begun the big rally.

If we begin that rally now we'll probably go to 50000

Most people await that level and for this reason I think we'll either come short or overshoot.

It's normal for Bitcoin to hit targets that are not expected by the majority like when we were expecting 20 thousand when we hit 14 last year we came short and corrected but but in 2017 and 18 we overshot a number of times.

It depends what altcoins. Some altcoins follow the bitcoin's trend but some do not.

I could give you a number of examples. XRP is considered a BTC rival so it doesn't pump with BTC. When people see Bitcoin pumping they dump centralized cryptos and total shitcoins they consider the least valuable.

ETH will pump with Bitcoin and so will litecoin. You can see how they reacted to the last few days. The weakest shitcoins like BSV will dump.

She's trying to make it rain 2020 style. Throwing cash away like rapers in the 90s did is not popular anymore?

First it was "bitches and dope" then it was "I'm a gangster, I was in jail" now it's "make it rain bitcoin". Not my style but any publicity is better than none.

Is the price really giving it value? Price is just a representation of value. It doesn't give it and it doesn't take it away.

Scarcity by itself doesn't give any value to things. You could see it in play when altcoin developers tried to make coins even more scarce than bitcoin and with even higher price per coin or token.

Some of the most important factors that give value to bitcoin are utility and uniqueness. It was the first to do it, the first idea of this kind of private money that was at the same time fast safe and secure. It caught people's attention and there you have it. The rest is history.

It's also possible that it will hit as high as 26 or 27 thousand before facing a correction because it often overshoots targets in both bull and bear markets.

After a reversal last year people were thinking that it would stay above 5000 dollars but it went as low as 3850. It's the same with bullish predictions. Most people await 25000 so we could go higher than that in a FOMO rally. I don't think it will happen this year but maybe in the next 3 months.

I find this to be true when I think of myself and many people I know.

Only 7% remain after 5 years because trading is exhausting physically and mentally. Most people can't live in stress for years.

People underperform the market because they are impatient. They see it going up and sell when they reach their target but their target often is not the market's target.

Many altcoins got dumped for BTC, Zcash is one of them.

I was telling you for years that XRP is a shitcoin. It's only manipulated to pump so that Ripple and their board of fat chairman can make some money and sell you some more fake promises.


Not many BTC investors also hold XRP. XRP is a crypto with no acceptance and it exists only because long time ago it was advertised as opposition to bitcoin. Some people thought that it's worth buying because if Bitcoin doesn't get adopted because it's decentralized maybe a centralized crypto will and XRP was the biggest centralized crypto.

It depends on whether they really can trace it and how much time it requires to do it. If they need to dedicate significant resources to each transaction people will divide big money into many transactions.

Is somebody going to hire a tracing company to find out where every 1000 dollars worth of coins went in the network? I don't think so.

They say there's no lock that cannot be unlocked and there's no perfect murder so you could expect with enough work somebody someday would trace privacy coins.

You're one of those people who are always afraid. When Bitcoin was trading for 5000 early this year you were probably thinking that it could revisit 1000 and recommending people to wait and see. Now that it's above 20 thousand you're also telling people to wait and see. For some people, like you OP, there will never be a right moment.

If it would fall from here back to 15 thousand would you buy? Probably not. You'd think that it's the end of the bull market and that we should wait for the bottom