Russia a superpower? This is a superpower that is putting chips from dishwashers into their tanks because they're out of military grade stuff.
https://www.businessinsider.com/us-says-russia-using-chips-from-dishwashers-in-tanks-sanctions-2022-5?IR=T

Russia used to be a superpower because it had nuclear weapons and that's what the world was afraid of. They were also flexing a lot and showing off their warships and jets, but we can see now what these are worth if a fleet flagship equipped with 3 types of anti missile weapons cannot even detect an incoming missile and gets sunk, soldiers abandon tanks because they have no fuel and they're found eating military rations that expired 5 years ago.

I have a few friends, who all went to universities and so did I. None of us does anything even remotely related to our studies and we all finished different studies ranging from economics, through law, and ending with robotics. Two guys who studied literature are now working in IT, the robotics guy is selling clothes, law guy is in administration and guy who studied IT ended up running an online store with mobile phones. Based on my experience, a degree doesn't say anything about you and is in no way a guarantee of anything like a job, money, success... You could skip it, but it has a purpose in some cases. It shows that you're willing to learn, that you are able to do research on your own and it teaches you to pick the important parts and manage time. This is probably the most useful thing that the university taught me. That said, I won't ever know if I wouldn't be able to get these skills elsewhere, like by learning a trade and running my own business.

I can tell you a bit about soaring prices of fuel in the EU. We used to pay 1.2 EUR 2 years ago and now it's 2 EUR. This is crazy but I don't really see people walking or cycling instead of driving their cars. It used to be hard to park downtown and it still is. I used to be stuck in jam at 7 am and I still am, so people are rather using up their savings and driving like they used to.
According to the statistics there's much more people looking for apartments than a few years ago. Everything gets more expensive but it doesn't stop people from spending money.

Sure. I'd write a gambling thesis. It's a very interesting topic for a number of fields of science like psychology of a gambler, the way games are built to attract us with images and sounds, the way we are lured in by free games, deposit bonuses and such, the way lotteries attract people with high prizes while hiding the real math behind them...
One thing I wouldn't write about is exactly what that student from OP got paid for, which is ethics. I don't think that we can call a game ethical or not, especially if it's a player's choice to participate.

Let the ungrateful "bastards" suffer. A little pain hasn't killed anyone!
Jesus suffered for our sins so they can kneel on peas for a while and think of what they've done!

You guys should get the parent of the year prize.

And I don't understand a fear of 8k because 8k is complete bullshit if you ask me. There's no technicals or fundamentals that would point to an 8k correction.

I'm not a fan of drawing lines in the sand and hoping something will happen, but if you're into TA, regression bands, market theories and all that, you should know a few things, like:

Bitcoin had 80-85% corrections a few times in its life and that correction would mean 13-16k USD bitcoin at the bottom of a bear cycle.
Bitcoin has always stayed above the previous bull market top after reaching a new ATH. If we were to keep that up the bottom would be above 20k USD
Every time Bitcoin had a deep correction like 80% it was after a huge run up of over 10x from the previous high like 100 to 1100 in 2013 and 1000 to 20000 in 2018. This time there was no such overbought top and no big panic like in the previous bull markets that would correct -50% in a few days.
Mining profitability is above 20k
Bitcoin in its 12 years of trading always held the 200 week moving average and this is at 22k USD. It held it in 2012 bear market, 2015, 2019 and even in the 2020 covid crash.
A number of analysts including JP Morgan published their view of the current market state and saw bitcoin as oversold. According to them if not for LUNA manipulation we'd be somewhere between 35 and 40k USD. Luna dump destroyed all leveraged long positions at 35k and pulled us lower. This wasn't a natural market selloff but rather a rare unexpected event.

People who are coming out with 8k simply want to capitalize on panic and make people freak out even more and you can look up the guy who said it. Last year he was telling people that bitcoin would reach 400k USD. That's how good he is at predicting the price.

So it has to be recently used for criminal activity... fine, next time I sell drugs to someone, I'll make sure to hold my coins at least for a year before sending them to someone else.

If you're worried about your accounts being blocked due to unknown origin of your coins just don't use centralized exchanges. P2p is not the only way to exchange money. You can for instance do it in a physical exchange point, where they give you cash for your coins. You can also use an ATM that gives you an address to send coins and pays in cash. These services don't require KYC up to a certain amount of money and don't test your coins for recent illicit activity, which is as it should be everywhere.

Don't use shitty exchanges that block accounts like coinbase and you'll have one less thing to worry about in your life.

Look who's talking! The bigot and propagandist is calling other people dishonest.

I guess we all must be abnormal, because the new normal is calling Jews antisemites and nazis, raping children, stealing refrigerators and washing machines and sending them to Russia, killing dogs and eating them, running people over with tanks, leaving your wounded to die, burying your fellow soldiers in mass graves and torturing prisoners. We are all brainwashed by the pictures of bombed cities and tanks shooting cyclists with their main gun.

The real truth is that those raped women are making it up, dead children are dolls, that cyclist was a nazi trying to attack the tank, all bombarded cities are CGI, shot down Russian planes and helicopters are repainted Ukrainian machines, all Russian tanks were destroyed by Russians so that they wouldn't fall into enemy hands and Moskva cruiser sunk because it had an accidental fire in one of its magazines.

What's a dirty coin? Since you cannot delete nor destroy bitcoins, provided that bitcoin continues to exist for another 100 years, most coins will be dirty to some extent. We shouldn't make a big deal out of it. You cannot be responsible for what someone else did with their coins. For instance, a lot of coins were taken from onion marketplaces by the police and then put on auctions, so these are "dirty coins" but they will never be clean again.

IMO we should stop worrying about things that we don't control and history of coins we are buying is one of these things.

CBDCs are not undermining bitcoin. Only stable coins should be concerned by this because it's more or less their equivalent, just owned and backed by banks instead of private companies.
Bitcoin is more of an investment and a decentralized form of money than a stable coin and it does not compete with centralized money. CBDC will still be fiat-based. If a central bank issues a digital currency and the country goes into recession, hyperinflation, defaults on debt, their digital currency will take a hit, just like fiat.

IMO there's not much difference between old fiat money and new digital version of fiat money.

It may not be an allergy but a change in skin that's triggered by stress or mental problems. For instance, children can have rashes that look like an allergic reaction but the real reason for it can be fear or pain. Such rash often appears when they're teething.

I don't have any problems before or after a gambling session, but we can say that depression after losing some money is enough of a symptom to really think twice before betting a lot of money
None of us likes that feeling

With the amount of money he's paying I'm sure he needs verified accounts, so if anybody has their identity for sale for a few hundred bucks, this is a job for you.
That said, I know a few drunkards who would call this a sweet deal

Traders and investors will tell you that it doesn't work like that. You take a loss whenever your asset goes down in value, you just don't accept this it but cannot deny that it is there. You can see it being down 20% and think that you'll wait for recovery, but what if this recovery takes 10 years? You will be at a loss the whole time even if you won't accept it, it will be like your money's frozen. You won;t be able to use it because using it would mean accepting the loss and selling at this new low price.

Don't worry though. throughout my time in Bitcoin i was at a loss in my first bear market in 2016 but i took it like a man and held. Then we had that drop in 2020 and I was at a loss again, but I held. There's almost no way that we're going to revisit 2020 lows ever again. Just think of the worst and be ready for it. 20k this year? Bring it on. Once we reach the lows there will be only higher prices from that point.

I don't see any significance in the number of red candles. I feel like the % drop and transaction volume are mor significant indicators of what's going on.
You can have a lot of red candles that barely move the price and you can have a single one that takes us down by 30% what would you rather have?

If you really want to get into details just check how much we were going down each week in 2018 and what volume that was and compare it to what's happening now.
In February 2018 we went down 30% in 1 week with volume reaching 70k bitcoins on bitfinex alone. In that "big crash" in May (which really wasn't big) the weekly volume was just 10k bitcoins. This tells a lot about how much supply is being held and how little is being used to determine fiat price. The market is much more mature.

I have a question to all of you who, like OP, think we could have an over 80% correction from the top. What makes you think that it will happen?

Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.

Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.

Inflation does not pressure BTC, it's actually great for it.
Your fiat money goes down in value very fast which means all other investments that inflate at a slower rate start looking much better.

It's actually what the governments and Wall Street do that makes Bitcoin trade lower. Traders don't care about bitcoin, they want to make money, so they borrow it, but now the government makes them pay extra fees. By increasing rates the governments put additional fee on people with loans, which makes them sell assets to cover this fee, or simply resign from their positions and use the money pay back their loans. This is what's happening with bitcoin. It's doing great, just that gamblers who play with borrowed money can no longer play. The big manipulators are defaulting.

Bukele is going all in on this and although I love bitcoin I'm not sure if it's a good idea. I like his dedication though and I think he will eventually come up on top. The problem is people can turn on him if he doesn't produce results in a few years. For the average Joe and Jane life is simple and the president has to make their life better, make them feel safe. They don't care if he does it through bitcoin, gold or even war (Russia can be an example here where people praise Putin for attacking Ukraine because they're so manipulated that it actually makes them feel strong as a country).
I'd really like to see him build his bitcoin city.

It doesn't change the fact that people sell this "expert" knowledge. Just look for people selling courses of how to invest in bitcoin or trade it. They tell you it's easy because this line goes there and this line goes there and there's a fib level over there. Then Musk decides it's time to dump it all and stop accepting it as payment or a shitcoin goes belly up and there goes your line.


You talk to us like we're some doubters who see some clown on TV and get rid of our bitcoins because he said so. I've seen so many of these clowns. Last week I saw an article about some guy who in 2021 claimed we'd reach 400k USD now changed his mind and is saying that bitcoin will crash to 8k. Some people are just morons who know shit and like to show the world how clueless they are.
There's this saying that my father likes and it translates more or less like this: do you know why the bell is loud? Because it's empty.

At that time it was a really low price to pay for what publicity this little purchase got. It showed people around the world that money is what you agree it is. That you don't need the government to tell you what you can use as a form of money and that not much work or effort is needed to be able to transact using bitcoin. I'm also sure he did not spend all his coins to do it, so it's not like he lost anything. He used it to do good.
We'll never know if Bitcoin would be where it is now without people like him who, like you said, made it happen.

He's such a clown. No wonder people don't want to bet on the stupid horse, but looks may be deceiving. He can get lucky here and then all those people who are betting 1k just to win $100 on Davis will cry.



Not only height but also reach. What more would you want? For him to be much younger?
Sure, the experience is on Davis' side, but I wouldn't put them on such difference. You can get $5 for each buck put on Romero if he wins. That's too much of a difference, I feel like he has a chance there. People probably saw high early bets on Davis and followed until the pot was full. Now you just can't make any money betting on Davis.