Bitcoin is an asset to trade. You can sell it when you wish to. It is not that people don't sell. Profit from bitcoin will be obtained only if you sell, but if done at the right price.

Stocks can be bought and sold as long as you are having the asset in hand or money at hand. These things are not much different from crypto if you are observing well, you will see the similarities. Just that stocks are regulated and well controlled market than crypto.

Both are well to do if you are practicing well. But if you are running only one, then better to keep focus on that.

Most people are trying to get above the inflation by diversifying into different asset classes beyond bank deposits, which is why are all here in this forum.

Point is that starting a business needs a lot of groundwork be it small or big, not everyone can afford that right away, but takes time too. But investing is possible if people are diligent enough.

The fact that bank interest rate are dropping every year and that we are losing to inflation is known to many, but the way out if often not clear to them. For them government rules along the crypto road may have become a roadblock.

This could happen to someone holding a lot of fiat or a lot of precious metal commodities or a lot of well performing stocks - what makes bitcoin so special? It can happen with any asset out there.

But the scary thing is that often people we know are there, being greedy of someone else and attempting to steal from them. How much you tell others about your earnings is completely your choice.

In this context, I would like to advice people to not tell exact invested amounts to people whom you might be trying to coach about crypto. This is often done by name to gain trust but it can backfire like the above.

I mean these names have only confused the gullible to give their money to the scammers. Every few months a new name comes in to replace the old one but it is the same old story. I can attest to this because I have been watching this market for the last 6+ years now.

It started with ICO>ITO>STO>IDO>IEO>DeFi>NFT and now we have IGO. Pretty cool way to switch the names so people keep branding the old ones as the scams while the new ones are like little innocent babies.

You are fully welcome to participate in seed or plant or tree or whatever phase you want to, but the end result will be same. 99% of the projects here end up being abandoned or pumped and dumped and then are never heard of again. Just read the ICO bubble and you will learn a lot about them.

I am not sure which tweet you are referring to but these celebs have the habit of falsely pumping coins when they want to sell so they get the advantage of the pump and able to make a good profit by using their influence which costs nothing.

I am not sure if there was a recent tweet because I am not a fan of these celebs and neither do I follow their words, but usually go against them - when they tell something is going big, I would sell it if I already own it.

Do not fall in the trap of these celebs, they are here only for their own gains, not your gains.

If you have sold your bitcoin back in 2021, I guess you got the all time highs around 60k USD, in which case a late congratulations are in order.

However you must have seen the ups and downs that happen in this world and hence should not come as a surprise that an exchange got hacked and the shitstorm started with that after a long drawn bear market where price was on the lower end of 20k for a long time eventually crashed to 16k.

But now since you are back, you should start buying once again, if you are willing to ride to coaster once more.

But what exactly made you come back to this forum once again? - if I may ask, I am curious to know.

Bullshit title in my opinion.

Getting rich if the only thing to be happy in your mind, then you are grossly mistaken. Money is only a part of life, living conditions and the cost living in these countries are very high meaning a lot of your "earning" will be spent right there and the cash at hand would be much less.

If someone has a passion and is willing to work for it even though hard times are following they will emerge victorious at one point and make money while being happy at work.

Not everyone will be a millionaire, but being one without being happy about your work life, sucks. So follow your dream, not the money.

That is one way of saying it. But someone having the skills will be able to move on to another place. The difference is between the old and the young, the young are usually trying to settle, so they will accept the lower payment at a new or old place while the older user will try to retain their position in the company and not move.

There are exceptions but trying to maintain the status quo is what majority of people try to do over time. It is a sense of comfort with regular routine and regular place to work in.

Even then, getting laid off is bad thing both emotionally and economically. I do hope the future generations understand this and attempt in hobs that they have interest or a passion in.

Short time high returns means short time quick losses too, but the habit of trying to edge into these schemes is coming from the instant gratification mindset of humans which is easy to poke.

Truely, HYIPs are scam and finding them is too easy on the internet. Making money from this is possible if you are the one running the scam not investing in it. But this is not limited to crypto, money in fiat has been used for ages to invest in HYIPs in real life and lead to big scandals specially in the low economic regions.

So be careful of these things, the more easier spending money becomes, the more scams that are going to appear.

The decision of buying a memecoin is the trader's and they have to face the consequences of that, even though it is possible that a memecoin may become hugely hyped in future it is common to see such coins eventually go down and become close to nothing with developers having abandoned it gradually but completely.

Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. Once the hype slows down the coin crashes and then sob stories start coming up everywhere.

Most people know that valuation of 1BTC is always 1BTC but they easily forget this and the fact that one day the cycle will start to reverse. For them the immediate value in fiat is of more importance. This is the reason why most people find trading a speculative asset.

Even then there will be a niche of users who are regularly trading and these people are the ones making the big profits with every good/bad news. Holding and having patience works a great deal in such times. Lack of patience leads to losses.

Sadly most of the people getting into crypto lack patience and thus the crashes that happen with weak hands selling.

Having to close down your own store is both economically and psychologically distressing, I hope for the best in the upcoming years.

I would suggest you to get into some alternate jobs for a short period, if feasible. Delivery services are very common nowadays and common youth are getting into it along with older people just so they can run a living. When times get tough, you have to turn tough too to cope up with it.

Bitcoin and investments in crypto will see a downtrend, this should be a lesson to not invest in altcoins but keep the maximum in bitcoin only.

Preventing a hack is not in our hands, but saving our money from getting into hackers palms is possible if we dont use the exchange hot wallets as storage wallets. Unfortunately this is done by many and they have not learnt lessons from previous hacks.

But I still dont see how some other person lending their money to victims means there is hope for the victims. They will most likely be roped into some loan scheme by this person and eventually they will regret that too. Remember that MLM victims often got double scammed by strangers posing as money recovery agents.

The only hope that victims should have is if they had savings and not some random person donating money. This is the importance of savings parallel to investments.

MLM is commonly run across Asian countries considering the economic condition of such countries. Also because low wage earning people often make use of referral networks, these scams commonly progress among communities.

Truth is that MLM will fail in the long run, but when exactly they run away is difficult to predict. For now both stock markets and crypto markets will be running well and you can keep buying from them instead of going for such high risk investments.

End of the day, making quick money is a scam. Crypto itself takes a lot of patience to trade and profit.

Putting money or rather the better term is storing money on exchanges. There is always some people who will keep doing this and the people who do such things are not visiting this forum regularly.

Being greedy is common but bad luck can hit and exchanges getting hacked is pretty common.  We have to reduce the amount of money kept there for regular transaction as much as possible.

Offline wallets are always safer as compared to online wallets.

I dont see how the term destruction is coming in here. Crypto is an idea and ideas are not destructible.

What could in a remote situation happen is stopping the use of crypto, in true sense which would mean a pause of crypto but not complete removal. An exchange getting hacked is nothing to the older users like me, I take precautions to prevent this.

MtGox never managed to teach the users a lesson as it seems.

Patience is a virtue that we all must have. Of course being patient about the bad times help but learning from the mistake is also important.

Very optimistic but let me remind you that there is 2023 in between and that can be a different scenario if you are not careful enough.

Bitcoin price has hit a low after a long time and so buying pressure is present at this level which seems to correct the selling pressure. Prices can dip down towards the end of this year too or rise, difficult to predict at this stage. So keep your objectives in short span, dont think 2years ahead right now.

Most of the altcoins will not be worth it though. So try to avoid them and any celebrity who tries to promote them. We all have seen how those coins end.

You really think these signals groups are run by legitimate people? Think again.

If it was easy to pump and dump a coin everyone would be doing that and making loads of money off the market. In reality these groups only give signals of coins they own so that on a pump signal, followers will start panic buying and they can make the money off them. It is a nice method to "scam" the followers, without leaving a trace and without being punished for.

Of course regulations are a long way from here, we dont know if they will change the market manipulation or just add in how to tax crypto users.

Dont be in the illusion that bitcoin makes stocks look inferior, the number of stock market investors is way bigger than the number of cryptocurrency investors, but there is also a significant group who are into both.

Stocks cannot be used as a currency, true, but investors are rarely interested in the currency part of bitcoin - they only want to make money and leave. Hence that function is mostly for common people investors or non-investors.

Stocks give you dividends too, which is not present in bitcoin and the major cryptocurrencies.

So you see both have their pros and cons and none is superior than the other. Invest in whichever you find yourself comfortable in.

I think the xUSD in terms of BTC came in the view when bitcoin price started rising and this helps fix the amount of bitcoin bought to pay the campaign participants in terms of USD than BTC, it is of course more feasible for the company running the campaign. Imagine having a fixed rate of 0.01 BTC at a time when bitcoin is 10k USD and then bitcoin jumps to 60k USD and you still have to pay your participants 0.01 BTC while the work they are doing is comparable to 100$/week.

The relation that we are seeing with inflation is a coincidence in my opinion.