That's cool if there are countries like that who treat the unemployed people really well. In some countries it can only happen if there are calamities or crises like what happened last time when we had covid. Even though if my country has that status I won't still abuse it and be lazy because to have a job still gives you a better pay rate and there are some benefits too.

Anyway about the TikTok thing, I thought it was a movement to quit TikTok to have a better life because TikTok gives so much distractions and it can greatly affect our jobs but it turns out that it was the other way around. That's a crazy movement right there. I'll never support it.

I think there are altcoin seasons in which Bitcoin did not increase but most of the altcoin seasons happens only when Bitcoin price pumps up. This is the reason why you can say that alts bull run are easier to detect but I think only worthy altcoins are qualified on this event so if you own some weak altcoins, don't expect that they will sky rocket too.

It will be good if we hold both Bitcoin and altcoin and not just altcoin alone, so that once Bitcoin pumps, we still can earn another in our altcoin investments and if one of them fail's to pump up, we still can earn with the other. There is no way we will be zero if we own coins from each category.

Yeah, there are a lot of smart people who has made a ton of wealth from bear markets before. Just to give the biggest example, Warren Buffet was one of the richest man on earth even before 2008 right? Well, during 2008 when everything crashed, dude had a lot of money to buy things and he bought so many stocks with so much money that he single handedly saved some of the companies with his investment.

Now he is multiple times richer thanks to that, this dude didn't produced or created anything, just bought stuff when they crashed and hold it as long as possible and never sold. That's what we gotta do, wait for bear, buy, and hold forever until we die and we can be like him, not as rich but still much richer than how we are today.

Because they are. They are not some "there are dozens of people working on improving this at all times everyday" type of business, they are just people who have absolutely no idea how to build things to be better, devs that want to make more money and they are abusing the chatgpt plugins to make people convince they are going to build something better in the future.

We gotta realize that this is not going to be good for us in the end we should be careful about what's going on and just stay away from them. It's just a way of saying "look I have AI in my projects name, PAY ME!" and that's it, there is no reality in it and won't ever be anything that is good.

That is not entirely true to be fair, but not for any logical reasons but more on psychological reasons. I am a long term investor, I rarely do trades and if I do then this makes sense but even when I have no trades and purely just a long term investor, and I mean like at least a decade long holding, I still check the price because I am not invested just in bitcoin, but invested into the bitcoin world and I like to read about it.

Think about it like politics, you may not be a politician, but you vote every 4 years, does that mean you don't check what happens in politics in between? You still do, because you wonder what's going on and want to more all about it.

I would guess that the increases we have right now will probably result with even better increases in the future when these type of things happen. I mean not many people realizes this but the reality is that we should not really be worried about the 30k or so right away, as long as we go up.

If we can continue to look bullish during this period, that means that we are going to be increasing more in the future when something good happens, good for bitcoin that is. The interest rate being stable or even lowering is one of them so if we are not down to 25k but we are more close to 30k or slightly above it by the time that happens, we will see bigger increases.

Not knowing how to find what they should trade is the biggest trouble in the crypto world. Too many newbies follow big name twitter accounts and buy/sell stuff based on what they say. As someone who has seen plenty of them make people lose money, I can easily say that is the stupidest thing anyone can ever do.

And unfortunately there are still too many people who do it. When could those influencers be valuable? They could tell you what to buy, and you could actually go do your own research on it, and if you agree that it is a good coin to buy at that time after your own research, then you can buy it. So, it limits the amount of coins you should research.

I agree that it is highly recommended, but I also would like to suggest people to first take a step back and check what they are doing. Because otherwise they are not going to end up with a good return, and that will be a big trouble when the time comes.

If you take a step back and check what's going on, see the big picture first, then you would be doing a lot better. I personally believe that the best thing to do would be making sure that it is not going to be a rushed decision, if you buy bitcoin then that's great, but if you buy bitcoin without taking a look at anything else, just buy it for buying case, then it wouldn't be a good decision to make, and I would say take a minute and look into what you are buying into.

I think the point is that, psychologically speaking we all need to make some money one way or another and need to spend it as well. If we all lived a very frugal life, meaning like if we all worked and earned an income, come to a small studio apartment, live on rice and ramen and pasta, drink only water, use public transport, never go outside, never eat meat or anything, do not spend money on coffee or Netflix or Disney plus or anything, just have a bad old second hand bought pc, and use neighbors internet, if we all lived that life, I guarantee you that you will be able to save a ton of money.

However, I would also guarantee you that 99% of the world would become crazy as well, and I mean certified locked up levels of crazy.

That's the amount of attention they deserve anyway. Whatever SEC decides, they can do it and we won't care about it because that's not a big deal for us. We should be just focusing on what we could do with what we have and that is going to be the key for us.

I believe that we should be saving our care for what happens inside crypto world anyway, because it is already crowded with plenty of news, anything big happening in the crypto world would get my attention but whatever SEC thinks about bitcoin or other cryptos would not get any attention from me at all. I believe that they considered it a security because Justin sun was so involved and profited from it, so it differs from bitcoin.

I still do not think that land is a way to go because land is a limited thing as well. Think about it this way, you can print more fiat, you can even print more stocks, or you can even find more gold in the world and mine it, sure there is a limit to gold as well so I will agree with that, but bitcoin is like the land, it's limited and there are only a few good places left to buy as well, sure you can buy at a bad place and hope it gets more crowded overtime, but the good ones are already occupied.

This is why selling off a land plot is not a good idea, when you have it, keep it and you would be doing a lot better in the future as well, that will gain value like crazy.

That's definitely not it. They have special areas like Hong Kong which could be considered like that a bit, but even when Hong Kong didn't want to do something China wanted them to do, they rebelled and protested and then China sent soldiers and police to keep those protesters from going bigger and got what they wanted.

Aside from that, the mainland china is ruled by one person basically, if he wants something done, that will be done, if he wants to ban something then they will ban it. This doesn't mean they can't build a secret government branch to attack or profit from crypto neither, but wouldn't want regular people to break that law at all.

I would guess that it is more about the government and the approach, when the branches of government such as SEC and FED suggests something, it doesn't matter who the president is, they can do it because they have the independent power to do so.

However, when Biden was offered this advise, he took that as a good idea and he promoted it as well, doesn't mean it's in the law yet, there isn't regarding this yet, no rules or laws or anything. However, when both sides agree on something, which is very very rare, then they accept it. I fear that bitcoin is not liked by politicians and this should not be a shock to anyone that they will put more and more taxes on it.

And it's also natural to be too assuming sometimes, more if the price didn't perform well after a long time. When BTC is in a good mood, it can increase continuously but not permanently. There are many factors that helps the price to rise.

One of it is the positive news and the other is like you said, when the price is already in good condition because there are people who gets motivated when they see it than if the price is dumping. They will only worry and sell if that happens. We are still in the bullish phase right now as long as we don't fall to $20k. Bitcoin's movement is unpredictable. Sometimes the price moves slow but there are times it will move quickly.

I think the learning period would be easier if they start off with buying bitcoin and holding it. Sure you can keep learning more about it later on but it is better not to be late and just buy bitcoin and hold it. That way you would be sure that you are doing the right thing while learning what the right thing is later on.

Maybe they wouldn't know why buying bitcoin and holding it for many years is the right thing to do when they do it, but then they will have time to learn about it later on as well. If they start trading right away, that would be the hard part and I think that would be a trouble for most people and should be able to learn eventually but start with a big loss overtime.

Most of us here knew that emotions are not great to carry in the field. Only the newbies are emotional but their numbers are too little to shake this market. Whales are professional and they do this on purpose not because they are too emotional and if they are too emotional, they will worry about those who will lose so they will not end up manipulating the market.

Another tactic made by whales to shake the market is by creating a FUD. It's important for us to make a research first if the news that we are seeing is true or only just a FUD so that we won't ended up selling our coins. The market is indeed like a jungle. It's either you will be a predator or a prey.

Losing money is not something we can avoid, it is something that is a vital part of the crypto world and it will keep happening forever. Even the greatest traders end up with a loss and we should be getting more used to it after a while as well. I have been trading for many years, nearly over a decade these days and I still make a loss time to time, quite frequently to be honest.

The thing we need to be careful about is the end game, are you making a profit by the end? Then there is absolutely no problem and you should be happy about it. When I calculate it all, year to year I make a profit and that is what I care about and I am fine with it for sure.

I still think that there is not a good amount of money to be made in forex since it's so risky, whereas there is money to be made in the regular crypto world. Forex is purely leverage, crypto does include leverage if you want to but don't if you do not want to and that's better.

I know that there is absolutely no way that people would be happy about making just a little bit, and that is why they enjoy forex when they win a lot, since you could make a million from forex if you leverage high enough and you get lucky with the direction and all. But, you could lose all of your money there with one simple mistake as well and I would advise against that. The best thing to do here is to make sure you do crypto spot trading where it would never be zero unless you buy something terrible.

I would say that there are all kinds of people, and it is not just a single economical level. Think about it this way, there are poor people who live frugal and get richer, and there are poor people who stay poor and waste their money, there are rich people who live frugal and earn more by investing, there are rich people who waste and even become poor again.

All in all just because you are poor doesn't mean you will stay poor, and just because you are rich doesn't mean you will get richer. It's all about the characteristics of a person, this is why we see poor people have rich children or rich people have poor children, it depends on the persons character and not the financial situation.

I would guess that even though it could be risky in the future, it is also amazing what it can do and it is already worked on. Not like we can ban it, there are way too many people who already have the opensource files of it and even if you ban it, some people will do it. Just like how cracking games are banned and yet they still do it and share it for free, people work hard, countless hours, over 100+ hours and crack games, and this is games we are talking about.

Believe me, if AI was banned, some people will still do it. So, it's better to let companies do it and know the people at the top at least. Some bad people will abuse it for sure without a doubt, lets hope it doesn't get out of hand.