No, it can't. The reason is the capitalist economic system has poverty as a feature. It was supposed that socialism/communism would eradicate poverty, however the mistakes made and the enforcement of this system lead to even increased poverty.  What matters most since the first industrial revolution is energy. The price of it, that can come from coal, oil, nuclear power, and lately from solar and wind power. Then it is the distribution of wealth and the commitment of the private sector to increase the wealth of our societies. A successful corporation is one that strives to increase the wealth of the many. Sadly the goals of the people behind the scenes are to be in a godlike state and enjoy having more power. This is a game for most of them and it pitties me that the intelligence of some people is not consistent with the power and wealth they acquired. Perhaps if a power source close to being infinite is developed it could eradicate poverty. There is cold fusion research that will probably take decades, but it is a hope.

I see bond yields rising and this means there will be less liquidity. I doubt there will be inflation higher than 2% for this year and probably for the next one either. In fact I see this year a lot of businesses going down as QE has reached the maximum with the upcoming deals and after the coronavirus ends those companies that don't perform will go bankrupt without any more government aid, as there won't be any excuse left. JPMorgan is playing games with Bitcoin for months, and obviously the funds controlled by this bank have lately sold, while they had a large position back in the summer. It is like that for JPMorgan, they buy then shill, they want to buy lower they bring the bad news.

I have played at ACR for many months, but haven't even touched it for years as it was filled with abusing and colluding bots. Anyway maybe something has changed and their software is fine now.
However there are a few things you need to know so you won't be surprised when things turn ugly.

• Your Bitcoin in Coinbase is under Coinbase custody. You don't own the private keys so you don't actually own the Bitcoin there
• Coinbase doesn't like gambling websites. They had frozen deposits on many occasions coming from gambling websites
• The Bitcoin you send to ACR will be in their custody, again it won't be your Bitcoin
• I have deposited/withdrawn cryptocurrencies many times using ACR without any problem, their support will fix anything that is their fault
• I don't fully trust any online poker room, so there is always a chance you may lose all your money in any of them

I don't care a lot what some people have to say. They didn't get it earlier and don't now. Bitcoin is a currency but with limited use case as it stands today. If something changes it could have many practical uses, but the blockchain has limits and limitations. Scalability wasn't Bitcoins feature, it could just reach a certain small adoption level, after that it fails as fees take over. Unlike the fiat money payment processors where fees are lowered as scalability is achieved, the opposite is happening with Bitcoin. It is not to be used as a currency at all.

It would be great if you explain what you mean by "crypto business". Is this about creating a business that will be dealing with cryptocurrencies and how exactly will this be? Investment fund, promotional, a business like a shop that will be accepting cryptocurrencies? Or perhaps you named the crypto field and our individual investments and trading as "crypto business"? This requires explanation as the risk will be totally different if you are investing/trading as an individual or if this is about a company that plans to expand in this field by providing services. Also if this is about a real business then it depends on the field you will choose, there will be different risk if this will be about finding investors and providing custodial services, or if you will try to open a blockchain business, a cryptocurrency under some kind of centralized management, development, marketing, or anything you select.

I checked the address 0xC88b5F4aaE1C8f2778DEF2257b6bAf1BA62E4B09.

What we don't know and is not proven from this post is if this is actually a scammer. If you can prove this is an address of a scammer perhaps you can try contacting Tether and ask for advice, since the accused account has recently sold most of the ETH and switched to USDT. Tether has previously frozen USDT funds in accounts of hackers and perhaps if there is clear evidence this account is scamming, then it can take this decision again.




https://etherscan.io/address/0xC88b5F4aaE1C8f2778DEF2257b6bAf1BA62E4B09


Maybe you can contact others that were scammed in the etherscan comments section and decide how to proceed. There is already a comment written.

You should expect first of all to lose it all, because there are riches but losing these riches is faster than making if you can't control yourself and don't have a plan that you will execute without being greedy. You can hope for riches and reach them, but you should know what to do to keep them and not lose them in the abyss that most altcoins will plunge into when the tide changes course.

This was one of the lamest bull runs so far. Not fun and all the youtube and the people involved are just shills, practising marketing instead of having fun and enjoying profits. All chatrooms and forums are full of shills and bots and all the fun the previous bull run had is gone. Nobody even gives good memes anymore, it is just the same recycled. I see excitement and profits, but I don't see the spark this time. I don't say it is different, I just don't have fun anymore. There are thousands of reasons that make me stressed and very few relaxing moments.

The price of bitcoin can drop the next three days to 42k and it won't be bearish. Bellow this price and perhaps at 40k it will be a little different and unless it bounces with conviction maybe there will be trouble. For the time being it is doing great and has a good chance to rise again into new all time high. It is the second big correction since Bitcoin broke the old ATH at 20k and perhaps there could be another two or three more if the bull run keeps going. But history isn't always repeated in detail, just the basic picture does. For the time being it is doing great imo, however I am here for profit and to minimize risk. I am not telling people to buy at 48k, I only tell to have a plan before buying and find targets, profitability and how to make this work without risking a lot.

Probably you went in a fomo frenzy. I am also sure you knew what could happen before you bought and that it could have been greedy from your part. However I don't understand why you didn't have any plan at all. If you bought were you thinking of long term or just read some prediction that ETH will reach $10,000 and thought you would 5x you money? I don't write this to make you feel unconfortable. I just want to increase awareness to anyone that reads this comment. If you don't have any kind of plan but just make a bet in a coin, then you are just treating this market like a visit to your casino and your bet in roulette. You will most definitely lose money unless you get lucky. Betting in the market like a casino means you will lose money. Make plan, make analysis of the price, find a spot to enter, be patient and not overlook the fact that we are still in a bull run.

If you are losing today 25% of your investment, then you should try and calculate the odds of the bull run being over and Bitcoin crashing 80% while Ethereum and the rest crashing 90%, so you lose all the rest of your money. If these odds are worse than the odds this bull run hasn't ended but is still in the middle then Ethereum will surely recover and reach new highs.

Finding these odds isn't easy and if you ask traders they will give you different estimates that will deviate too much to decide. It should be out of your knowledge and experience. Making a plan in the middle of an investment will not help you much, but at least you will try to correct a mistake you made investing blindly.

LOL. Probably. However there is a dose of truth in there. Both exchanges and crypto evangelists did a lot to bring much needed new money in, and since it works they keep doing whatever they think that works.

Exchanges have algorithms that push the price way lower when someone tries to sell. Spoof orders disappear and hi frequency trading doesn't allow any such advantage to a whale. They can't make money in seconds as you may think. Whales may need months to execute a plan and even so it can always backfire. However with the help of exchanges usually everything goes smoothly as planned. Right?

I think that in most adaptations of the pyramid scheme it is the wealthy that are targetted the most, as the machine requires more investors and more funds on each level. Without accessing funds from the wealthiest or reaching a worldwide scale this kind of scheme collapse very early. Being a billionaire doesn't mean they are smarter and more intelligent to recognize a scam. I would say that the main trait of billionaires is being ruthless and not highly intelligent as you suggest.

Having said that, just because someone may try to put words I didn't say, I don't think that Bitcoin is a pyramid scheme. Having fixed supply means that as long as it will keep having interest and adoption it will keep having investors joining just for the price, it will then create a temporary parabolic rise and a top that will take a few years to climb back again, after it will have proven it deserves it. If investors find nothing interesting in Bitcoin during that time, then it will not be easy to recover. Until now it did that many times, going from zero to hero and always makes yearly higher lows.

It doesn't matter a lot what one of us think. I was bearish and correctly at $40,000, as price dropped back to $30,000, however Musk decided to moonshot Bitcoin and the pattern changed completely. I am bearish again but we know this market is driven by news. Many of the whales that used to decide the top of the market also seem to have exhausted their supply after this buying frenzy from institutions. I am not sure if this will be the top, but the last two times the bull market ended with bad news coming from MtGox. It could be again that the ghost of MtGox will hunt Bitcoin for a third time.

It seems the technology most cryptocurrencies are based on is not efficient or cheap at all. Because blockchain systems can't scale, they scale on the side of fees and the fees will be even higher as transactions compete to be chosen by miners. This fact is common in all blockchains and you may see some being today fast and cheap, however, once they will be used they will quickly meet rising fees into sizes nobody could imagine. In the beginning, it was thought that Bitcoin could be used for everyday transactions on a large scale, perhaps worldwide. It was quickly found by researchers that Bitcoin would not be able to scale, thus in 2016, Mike Hearn left the project and others tried to push bigger blocks, which in my opinion wouldn't be any solution, but would have created centralization issues. The decisions taken were not to change a lot but the bigger problem was that there wasn't a consensus to change Bitcoin and try bigger blocks as scaling solution. Anyway, as said above today it can be used to buy a Tesla and nobody would care a lot to give $30 more. What will happen in the future? If Bitcoin keeps the same level of adoption it will mean that fees will keep rising. Who will use Bitcoin when fees will reach $1000 and who can say they won't?

I remember a post I've read in bitcointalk about a guy having bought Bitcoin at $0.10 in MtGox after hackers managed to access most of the exchange accounts and were dumping Bitcoin. This guy was forced to pay the Bitcoin back to MtGox. There should be rules that the user has accepted that state the obvious. Any kind of bug abuse that will result in buying very lower than the actual price will not look good and since there is KYC in this exchange they will take the Bitcoin back one way or another.

Mate, it can go higher. Who knows, we can't forsee future events. We don't have power either. What I see is that prices are overheated and you will certainly find a lot lower all these shitcoins. Which one do you think will stay for long enough? I don't even trust Ethereum will. Polkadot? Bull shit. All of them are useless without users and when they are used they give us many reasons to distrust them. What is Ethereum about for over one year now? Making billions for the miners? This was the idea of a crypto platform for developers? To create and have nobody using their products? It looks all like bull shit to me.

Makes me think that nobody from these guys get it. What exactly needs strengthening? Security of Bitcoin is just the top you can get. I seriously wonder what are all these people thinking, they got so much money and seem they never tried to dig deeper into Bitcoin. Anyway, perhaps this will help the devs have some more donations.

Pseudoanonymous means it is not anonymous but gives the false perception that it is. However this was never the perception of anyone that has basic knowledge of IT and how the internet works.
This term means that Bitcoin is not anonymous and this term (anonymity) only has two values. ON and OFF. Either it is or it isn't anonymous, there is no high or lower level of anonymity as some suggest.

I have studied Bitcoin for years, but can I say I understand the code? I'm not a programmer so I don't, unless I learn C++, I never will. I understand the fundamentals and digging deeper, initially made me feel it has great potential, but lately I regret that I spent so much time. Bitcoin is code and as code it has mistakes. One of them is that it will never be changed fundamentally. This is not always a wrong approach, but it is not perfect either. Changes will be needed. The new technologies that will dominate the software market are already here. AI is just one of them. What will Bitcoin do is probably stick to this code it has today and never move from it. This is bad for technology, even if it is about money. Not developing and not moving forward and implementing changes means nobody wants to take any risk. It can't go on for another decade like this.