What happened in 2018 also repeated itself in 2022 with Bitcoin dipping again after it saw $68k+ in 2021. It bled badly after that. Now it's coming out of it and chasing another ATH. After this expected new ATH that will come upon us in 2025, I forsee that Bitcoin will dip seriously again in 2026. Historical data has proved this over time, only that we can't say for sure how badly it will dip during any bear season.

In 2018, that bear season drove so many cryptos to their grave. A few survived it and exposed the shitcoins among them. Thereafter, new (more) cryptos came to the market and the circle continued. I witnessed it all and took some hits too. It has always been the pattern. I don't see anything changing in any bear season.

Every business suffers downtrend from time to time. Don't make the bear market look like something exclusive to Bitcoin. Even when there's a bear season, the bull is around the corner waiting. Old watchers of Bitcoin know it's a continuous exchange between bull and bear. For instance, we're approaching the bull season now which will be frenzy in 2024/25 to give us another fresh ATH. Every four years is about Bitcoin bull and bear to attain a full circle. So, we should quit making it sound like only Bitcoin is prone to that and that offline businesses are insulated from bad times.

I guess that sums it all up. It adds enough jam to it. Ideas rule the world. Most rich outfits don't even produce tangible products like coca cola does but they sell idea to the world. Take a look at Facebook, what tangible product does it produce? None. The CEO of Facebook – Mark Zuckerberg –, is among the richest people in the world. Yet, he doesn't produce edibles. He's only selling connectivity to the world and making his money. It's the same thing with BTT. It's very much in the scheme of things, selling intangibles and inedible in the form of adverts and promotions.

Oh, my bad! That's true.

My honest take on this is simply once bitten, twice shy. I don't know how many investors that will want to trust their hard earned money again to them or new investors who will want to risk it. I won't try it. I tried cashing in on FTT during that fateful day of its collapse. Of course, I got burnt. The manner of its collapse is something that needs to be studied intently at any faculty specifically dedicated to fraud. FTT's purported comeback may mean an attempt to hit investors a second time. After all, a snake only shades its skin to become a bigger snake, and not to change into a less harmful animal.

But of course, it will certainly add something to Bitcoin; no doubt. It will get more exposure for Bitcoin usage. Twitter is social medium with the speed of light. News on it get passed across rapidly than on other social media outlets. However, I wonder why the rumour is on Bitcoin and not on Dogecoin because I know Elon Musk to be a big supporter of Dogecoin more than he supports Bitcoin.

I don't see what should be the shame in it at all. There's nothing wrong in advertising for more spread and awareness even when it's a known fact that the product is a leader in the specific industry. A few years ago Coca cola used to be the global leader in soft drinks (it could still be argued that it remains the leader till date, anyway) but that never stopped it from advertising more. So, to that effect I don't see anything wrong with BTT advertising on social media to create more awareness and gain more traffic. No business should think itself bigger than its clientele.

I think they ask for the country one is chatting them from to know if one is from the region/country they think is susceptible to gullibility and can easily dole out cash when demanded. You even tried engaging them (I'm sure that was a male. Don't mind the female profile picture on display). I don't waste time with them. For me, anyone that chats me up first raises my inner antenna to suspect a scammer is on the loose. The next few sentences they make will be the decider for me. I hate to indulge and waste time with them.

If it's a feast, count me in. If it's orgy, nah 🤪

Congrats, JJ! A decade isn't child's play. It's a milestone. I look forward to mine too. I'm already six here. It's been a wonderful and thrilling experience in most cases with little skirmishes I would say for me. Like you, my Bitcoin experience also began here. I hope to be much better by the time I clock 10 here too.

In the past, I participated in social media bounties here and that had me experiencing so many obvious scam projects, false airdrops and promotions. Like you said, it's easier to identify scams on Telegram than on Twitter but both are headquarters of fraud. Yes,scammers are often in a haste on Telegram, so their impatience will make them private chat their targets and that's a red flag. On Twitter, scammers just drop links and then wait for their traps to catch their preys. They don't rush. For me, I don't take anything crypto investment or giveaway on Twitter seriously any more.

The "No pains, no gains" ideology exemplifies this. Those who go to gyms will easily relate to it. The lesson from losses shouldn't be lost on traders. It should serve as bumps for sobre reflection and not as discouragement. Set backs and failures are necessary ingredients for greater heights, depending on how they're handled.

Perhaps you should've added that it doesn't work with "lagging" indicators or indicators that repaint and not that backtesting doesn't actually work at all. How does one guage the present and future if one doesn't review the past? It's not possible. This is where backtesting comes in. For me, I started with those MAs, Fibs, MACD, until I discovered they lag. They reflect price after price has moved from that point, and not before it happens. Now I rely more on leading indicators of S&R, Trendlines and Pivots. They lead price action. In conclusion, anyone who wants to take trading seriously should backrest their strategies before hand.

I had to do a little playback in my head. You know, in 2019 that $5k of yours would've bought you slightly more than one Bitcoin because price dipped to $3,200 even. That would've been around 1½ in quantity. Given today's worth, that would've been around $45k. All that happening within just four years and it would've done X9 of your initial investment. It's because of events like this that make a lot of investors conclude that hodling is the best approach to amassing wealth in cryptocurrency.

This isn't shocking to me, to say the least honestly. It's the same way we've so many people masquerading as traders and giving trading tips and advice without knowing how to trigger trades or read charts. I see them here a lot. It's amusing when I come across such but then what they stand to gain is what beats my imagination.

As for the OP, how do you feel when Bitcoin (that you often talk about knowingly with the awareness that price will rise) begins to soar? From your date of registration here you've seen two full Bitcoin circles. How did you handle such in the past, also especially now that we're about witnessing another Bitcoin halving, and you don't have any Bitcoin? I asked with a honest intention as I want to be educated on that mindset.

That's the problem with electing old senile men who are bereft of ideas of technology to the presidency. What do they know about Bitcoin? Next to nothing. Most of them don't even want to bend down and learn this thing or take advice from experts on financial matters. It's a similar situation I foresee in Nigeria if old Bola Tinubu is eventually allowed to rule the country. His administration is going to be anti-Bitcoin.

You've been here almost as long as I've been as we got registered on this forum the same year. As such, I believe you've seen worse days for Bitcoin than we've now. Remember, in 2017 and the years before it we had the tag of Bitcoin being a bubble? Do we still have people think that way today? Of course not. The thing is that no matter how good or bad something is there are going to be people who will take a divergent view on it. If you asked me, I would say Bitcoin is having a better time now that in the past. More people are becoming fans, and many more are going to join as time goes on.

Before the advent of Bitcoin, we had all kinds of criminal activities involving fiat. So, we shouldn't make it look like money laundering and financial criminalities are coming up because of Bitcoin.

You've to be careful while at it. So many of those airdrops will end up stealing from you by tricking you to click links infested with malware and then hack your wallet. A few weeks ago, I had a certain Web4 Ai token airdropped into my Trust Wallet wallet in an appreciable quantity. I did nothing about it, not even thinking twice to claim it. It was later someone drew my attention to it that it was a scam. Normally, I don't pay attention to tokens I find in my wallet if I didn't buy them. I always regard them as one of those scam attempts.

Why do we've double standard for deletion, then? Is there any explanation for such?

Kudos, OP. Don't weigh what you've as a mere fraction. That 0.0045 is $135 in today's worth. So, you see? It's not really that small. I bet you, you can still find veteran members who don't even have a single satoshi they're hodling. They buy or earn and then convert into fiat almost immediately they've it. Just continue buying.

The picture you painted there is really one of doom if it ever came to that. No, not doom for Bitcoin per se but for the entire crypto space. I know Bitcoin is a phoenix; a cat with nine lives. It will surely rise from any dip. The problem will be with altcoins. They will dip like mad. Again, I'm looking beyond Binance as an exchange (the largest in trading volume and most trusted on the score, unarguably) to its affiliates and subsidiaries. What happens to them all? What becomes the fate of Trust Wallet, and the funds in it? In fact, I wish this hypothetical catastrophe away immediately.