Let's see if you also find this curious. There is an IBCO in the Securities section that aims to raise 7 BTC, without much success so far.

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The OP registered on Bitcointalk on July 10 this year.


Food for thought.

I don't want to be the spoilsport but it seems to me that there is an elephant in the room that most see but no one talks about. And it is simply that no one in their right mind is going to invest in a business that as of today generates $0, which is just an idea.

If they came looking for funding after they had started, and generated some money, maybe someone else would be encouraged. No wonder the bitcoin address has received only 0.005 BTC. And they are talking about $130k in salaries per month? I as an investor wouldn't mind contributing to pay those salaries but to someone who proves to me that they make money, not that they just have an idea.

If the people running the project think they can generate that much money just for salaries and more, what they need to do is start, prove they make money, and then and only then, if they need more money to scale the business faster or whatever, look for funding.

I don't know if you have seen Shark Tank but the most important thing the sharks consider when investing is how much money the business generates. Ideas that do not generate money today, no matter how good they may seem, do not usually attract investment.

I do not want to point out only negative points, because I have to say that the project seems honest, although naive perhaps, well worked and well presented.

But something else comes to my mind: it is said that there are reputable people in the forum involved in it. I doubt very much that the reputation in this forum from which they can disappear whenever they want is worth more than 7 BTC.

It looks like the beginning of an addiction. It does not seem very serious at the moment and it seems that the OP has been gambling for some time now, responsibly, but it is the first time that something similar has happened to him.

The good thing is that you can get out of anything:

There is a serious problem what the OP is telling us, and that is that the availability to gamble 24 hours a day from your mobile has increased the potential problems associated with it. Add to that the fact that today many banks give you instant loans from your mobile as well and you have the perfect combination for a disaster.

OP, take a cue from philipma1957. You can get out of any serious situation like the one you are in. Just take advantage of having hit rock bottom as motivation to look for a better future.

What do you understand by "normal as usual"?

With the volatility BTC has I don't know what you mean. In the long term the trend is clearly up but we conceive the cycles as similar, the normal thing is that until after the next halving the price won't go up much.

I don't know but what I don't see is the price clearly going up in the next few months. I think there will be some timid rises, inherent to volatility, and that at the slightest negative news, which is likely in the scenario in which we find ourselves, the price will fall again, as has happened recently.

For September specifically, I believe that the remaining half of the month is going to be like the first half. We will continue to hover around $20k, a little bit up a little bit down.

I think the same. Besides, monarchies usually receive an allowance from public budgets, like 40 million pounds or so. If anyone wants to know the specific figure, it is published in the budgets.

The only thing that could happen is that his allowance could be reduced a bit, but he is not going to starve to death, apart from all the wealth he has inherited....

If you are going to try to refute me at least do it on the basis of things I have said, not things I have not said.

I haven't made fun of $9.


So what?

That has nothing to do with 4% interest, which is what we are talking about.

Yeah, well, around $9 monthly, I don't think it's such a big deal. Obviously, the interest depends on what you have deposited there.

4% per annum, although this is a good interest rate compared to what banks are giving at the moment, it doesn't amaze me.

My Countdown to Full Member Rank
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The initial post is a big pile of bullshit based on vagueness and generalities from which I gather that the OP identifies as poor and so makes a defense of the poor against the rich.


This sums it all up.

The only thing I would recommend to the OP is to stop thinking of "poor" and "rich" as watertight compartments, because in open societies there is economic status change between rich poor and middle class.

If he considers himself a good person and is poor, improving his economic situation and becoming middle class and even rich is not going to make him a psychopath. Conversely, someone who is rich but is a miser, exploiter and the like, is not going to become a nice person by becoming poor.

Maybe I'm wrong but a priori I would say that the percentage of BTC payments in these luxury sites will be higher than those of the coffee shops, for example, because people with middle and low incomes, if they buy BTC do it as an investment and should not be very likely to partially undo their investment for day to day payments.

But in luxury places like Dubai where very rich people can have dozens of BTC just as they have kilos of gold, I think they will be more likely to to pay, especially in a bull market, to realize profits.

That's just because he's made it up to get merit. There are too many aspects that don't add up, as I explained above.

I love the smell of bullshit on these Bitcointalk threads.

In other words, first the OP tells us that he became interested in BTC but not because it is an autonomous and decentralized system that does not depend on central banks etc, but purely because of the profitability.

Then it turns out that he invested $10,000 to sell it a few years later for $23,400 and that


Then he would also have to explain what he has invested in again in order to generate an "income" that I don't know if he knows very well what he is saying.

Anyway, I can't imagine in which country the difference between having $10,000 and having $23,000 can change your life. If you live in the USA it is little capital and if you live in the Philippines it is more considerable capital but the difference between the investment and the final result does not change your life.

And it turns out that supposedly this has changed his way of being, his relationship with society.....

It seems to me quite a lot of bullshit that has more to do with expecting to get merit for the story than anything to do with reality.

I have three months of expenses in the official currency, a few grams of gold that are easily convertible to cash and BTCthat in some ATM I could convert to cash as well. Two sources of income and a few savings and investments. I do not expect the apocalypse to come. With that I think I will be able to get through the next few years, which look bad.

You are wrong.


What? Lol. That's a great strawman argument right there.


You have no idea how the market works.

I buy part of your argument, but as I said in my previous comment, attacking inflation on the demand side without attacking the biggest cause which is energy prices is never going to solve the problem completely.

Well. I take it you are also one of those who believe that if you give your data to trusted exchanges, you are safe, right?

Please have a look at this thread:

Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again

An for example at this comment:

I think this sums it all up.


Until now, Central Banks did not want to raise rates because their economies are very addicted to liquidity. Withdrawing liquidity we know that it leads to crises. I helps to fight inflation because less money available means less demand, but less demand also leads to job losses, etc.

One problem I see is that this inflation is not so much about high demand as it is about rising energy prices, so attacking demand without attacking energy prices cannot give a good result, only partially good if that's the case.

I think they are going to raise rates but when they start to see serious problems on the demand side and inflation has calmed down a little, they will stop raising them immediately, otherwise they will take the opportunity to lower them again, albeit timidly.

Not really. Raising the price of something does not magically increase profits, as it can produce a contraction in demand that counteracts the margin of increase.


In my case, I would prefer them to go down, especially when we are in a context in which everything is going up, but making them go up by cutting production may make people consume less or look for other alternatives, as you said.