Most altcoins are shitcoins so this isn't big news for people who know a bit about this space.

What is a shitcoin? A coin made solely for the purpose of making devs rich. A coin that has no use, no innovation behind it and usually has been premined, has a board of directors, rewards users for holding and getting more people into the system, or all of the above. Good examples are Dogecoin, Shiba Inu, Hex, all the "bitcoin" clones like Bitcoin gold, silver, BCH, BSV and so on.
Most of these projects will disappear in time.

There's no need to resurrect bitcoin, it's doing fine.

I feel like they're mega bearish and so is youtube. The majority of news revolves around 3 things.
FTX being a scam that will make people lose trust in cryptocurrencies and allow politicians and banks to overregulate.
Possible bankruptcies of other companies that had investments on FTX and possibly a liquidation of their assets.
FTX hacker dumping stolen coins on the market.

I haven't seen such fear in the media since the Chinese bans that followed Gox bankruptcy in 2015.

That's where all his donations and connections come in. We'll see if politicians will treat him like a hot potato, throwing him from one hands onto the other until finally it cools down enough to be handled, or if the money were able to actually buy him some favors. His parents are lawyers, so if it all fails at least he'll have the best defense for free.

Have you noticed how they're trying to paint him as a victim? A generous billionaire kid, a smart young guy who wanted to make a change but he was tricked by a bad man from China. All Sam was trying to do is give back to local businesses and politicians, save them all from bankruptcy and that bad Chinese competitor created a panic that destroyed our local American business.
The cleanup has already begun.

I'd like to remind those of you who feel wear down by the  market and the media headlines make them feel even worse.
You wake up, check the news and get served a bunch of FUD about bitcoin. Then you go to youtube and get another dose because most bitcoiners there turned into bearish haters.
Here's a quick reminder that they're wrong every time and always follow the trend.

09 November 2021
Bitcoin (BTC) At New ATH, Key Factors Showing Why We Are At Beginning of the Mega Bull Run
https://cryptonews.net/en/2576747/

12 November 2021
Bitcoin due to hit $90K 'in coming weeks' despite pullback — Latest technical analysis
https://cointelegraph.com/news/bitcoin-due-to-hit-90k-in-coming-weeks-despite-pullback-latest-technical-analysis

Stay strong and don't follow the media

There's so much allegations against Qatar that some of it has to be true. For instance they promised to allow alcohol at the stadium, gathered sponsorship money from beer companies and then banned them anyway. This shows that the people who manage the championship are liars and cannot be trusted.

Then there were rumors that they're paying people to create fake crowds at the stadium and cheer for their team.

Now we have rumors of bribes that Qatar is denying, but should we believe them with all the things going on?

I pity the people who paid to go there.

I think it's never going to end. It was there when bitcoin was trading for 100, 1000 and it's going to be there at 100k.
Banks hate bitcoin
People who panic sold and lost hate bitcoin
Gold bugs like Peter Schiff hate bitcoin
Old farts Like Warren Buffett who failed to recognize the value in it hate it as well
Politicians who don't get it like Elizabeth Warren hate it
Eco terrorists from green parties around the world hate it because its easiest to attack something that doesn't defend itself

They won't stop hating it because there's another bull market, but bull market doesn't need them to stop hating to come. Bitcoin has its ups and downs and now it's down, so the natural way from here is up.


Maybe sooner. According to this the estimated date is March 23.

I have casinos where I usually play but this has nothing to do with luck. I accept that I may lose some money there and don't think that I was unlucky that I lost that day - it just happened.
On the other hand if I were losing somewhere all the time I wouldn't play there but I don't have places where I keep playing because I win a lot. It doesn't happen. My win rate is close to 50% and there's no luck involved just math and statistics.

Is war really just politics? I feel like the moment you start murdering people in cold blood like the Russians are doing it becomes a problem of international law and not just politics. Politics should be bloodless. When there's a border dispute and countries are showing off it's politics, but when you start burying people in mass graves it becomes much larger and every tool in your arsenal should be used to prevent that, including sports.

I'm happy that I won't have to watch Russians in the World Cup. It was a good choice by FIFA.

Should they cease fire? Yes, but Russia usually breaks every agreement. Remember how they were supposed to allow refugees to leave the war zone through humanitarian corridors and then shot at them with artillery? I wouldn't trust any word from Putin's mouth.

I'm pretty much like OP. I still have coins that I got in 2015 and sold maybe 20% of my holdings between 2017 and 2021. I haven't sold anything for almost a year and if bitcoin never goes above 30k again, I don't think that I'll sell anything. I'm not saying that I won't do it for sure because if I find myself dying and in need of expensive medicine or procedure, I'll sell some. You can't make any money if you're dead.

My plan that I've followed for the last 8 years remains the same. When bitcoin is above the ath from last cycle I start spending my coins buying the things that I need and building up my cash reserve. Each time bitcoin breaks a significant round level above the last ATH I repeat the process, but that's never more than 10% of my coins each cycle, which is why I still have most of what I got in 2015 and 16.

I'm not a trader. Holding coins on exchanges always felt risky to me which is why I only send the money I'm willing to convert and do it right away.

People have different goals in life. Some want to make the most fiat money out of their bitcoin in the shortest amount of time but others want to hold bitcoin as a safe alternative that also appreciates in value. I could sell a few coins and buy a lambo, but I don't need it. I live in an area where you need a good pickup truck with 4x4 and not a sports car. I don't need designer clothes or my own swimming pool. I feel better and more confident holding bitcoin than spending it.

I don't agree here and you've actually contradicted the first part of your post with the second one. If according to you less liquidity means more volatility and more volatility means lower price then the amount of coins on exchanges does matter.

I'll add that less coins on exchanges is always good. Think of it like this:
More coins available for sale > bigger sell walls > more fiat needed to break into higher prices
Less coins > much easier and more frequent short squeezes > higher possibility of price manipulation but also higher and more frequent pumps, wider price ranges.

IMO more coins outside exchanges is good because it suggest more people self custody and as a result less coins being possibly lost or stolen. It's also better for traders because they're the ones that love volatility. I'm not a trader and I don't care if the price range is wider and btc goes up and down by 100% in a year. I've seen it in 2017, 18 and 19 and was fine with it. I kind of miss it now.

What is cheating? Many casinos think counting cards is cheating, but to me that's employing your superhuman abilities. If you can do it then why not try it out? It's like woman's charm. They use it to get what they want, so if you can count cards you're better than 99% of players - use it.

I don't cheat which doesn't mean I don't want to. There's literally no good and safe way to do it, eventually you'll get caught or lose a game despite cheating.
It can also be really dangerous if you do that at a wrong place. They may not want to call the cops and beat you up instead.


Did you get triggered by OP?

So much hate, so much name calling, even some transgender implications towards a person without any transgender characteristics.
I'm sorry that your special operation isn't going according to plan and you have to resort to this in a forum where most people laugh at Russian war efforts.

Ok, I admit it, I was joking, I'm not sorry.

https://www.youtube.com/watch?v=tFlqI3KYiIU

Because he's doing charity, like SBF 


Jokes aside, if OP takes even 15% from his planned 30, nobody is going to send money to him. You can test that out if you want OP. go to children at the playground, pick 3 kids and tell them that if each of them gives you $1 you'll pick a winner and give him $2 and they'll see right through you. They'll ask what will happen to that $1 that they give you.

It's funny but this is how most charity funds operate. They sometimes take more than 50% of all raised funds for themselves as "operational costs".

You can't destroy decentralized crypto space via a centralized exchange!
You only can "destroy" cryptocurrency holders who are dumb enough to trust you, but isn't this how everything in this world works?

Imagine that you have a house and you rent it out and the person who you trust with the keys is a thief who rips the cables and pipes from the walls to sell them later as scrap? You may get the police to catch the thief but when they do you find that he has nothing. He bought drugs with the money and got wasted and there's no way to get any money from him. Sam is a thief who wasted all the money and this doesn't change anything for millions of bitcoin users who had their coins elsewhere. The crypto space is not going to be destroyed because some retirement fund manager was dumb enough to hold coins on FTX or because Kevin O'leary shilled for them.

You never know if it's your lucky day until after you make the decision, so I wouldn't call the bet going wrong in this case. A win is a win, no matter if you win 100 or 1000 and taking 100 home is better than losing it, hoping that it could be more.

It's always a matter of perspective whether this is already big money for you. Like if you bet $5 and win $5, but if you get the last game it gets to $20, you can as well keep playing. If it's a big win like $1k but could be $3k if you get lucky, I'd withdraw 1k and call myself lucky.

First of all we should put a line between bitcoin and crypto. Some altcoins are on the way to destruction as are some centralized businesses but the example of FTX is only another proof that putting everything in the hands of one person works until it doesn't. How many more exchanges have to fail with ceos being greedy and running away with the money before people learn to self custody? How many altcoins have to fail before we learn that bitcoin is the king?

Almost impossible in a normal casino because in this scene a number of factors came into play. All the little things that never go as planned went like that. For instance, the casino employees not saying anything about the funds being moved when the one that placed the bet did not watch. Usually when you bet they confirm it by saying something like all bets are closed now and you know if you're participating. From that point you cannot move the chips and if they see you messing around they'll tell say it loud.
What I'd do? Probably tell my friends that they owe me now and moved on. They messed with my win they have to pay me back somehow. I wouldn't want the money but they'd be paying for alcohol that night, or would have to drive me home, something like that. I wouldn't let it slide, that's for sure

You don't make mistakes like that with such amounts of money. This gets checked 10 times before the button is pressed.
I feel like all these exchanges play around with customers' money and if asked to deliver 100% of it they'd repeat SBF's statement "sorry, we fucked up". What's keeping them alive is the fact that there's rarely a real bank run in crypto. FTX would've been with us if not for CZ and his token selloff that spooked other token holders, created a bank run and exposed FTX.

Whatever happens, bitcoin will not be affected much. If idiots get scared and panic sell many people will be there to buy what they're throwing away for free. After all 90% of stock investors lose money and usually it's not because the companies go bankrupt but because they can't handle the pressure.

It's often the stores that take advantage of you by increasing the prices a month or two before Black Friday and then lowering it on the last day calling it a great deal and a 20% discount or something like that when in reality it's maybe 2% discount.

I'd like if the casino where I play offered me a bonus but I won't stop playing there if the don't and I won't spend too much time looking for such deals. I value my time too much.

I don't see a problem with dividing a million dollars into 10x 100k and doing DCA with these small parts like putting in 100k now and if it goes down another 100k and so on. Given that it explodes in January and you find yourself with only 100k in, just stay out with the rest and wait it out. Worst case scenario in OP's case. bitcoin either goes to a new high and he'll have only 6 bitcoins and best case scenario it keeps going down for another 6-12 months and ends up with over 100 bitcoins and then the bull market begins.