What he meant was that bitcoin is unpredictable. It could go higher, or not. He doesn't say it won't, but we can't be certain of that.

 fail to see how that's different from any other asset. I guess the meaning is that fiat is inflationary, so finite resources with use cases like gold will slowly climb up in price, but bitcoin has not enough uses right now for these guys to qualify as an anti-inflationary asset.

What they fail to see is that bitcoin is one of a kind. It's money without an issuer, the first of its kind. That's the use case and that's what's going to make it anti-inflationary.

You grow up to understand that government wants you to use all the things it creates for you and not all of them are good. Usually if the government tells you to do something it's counterproductive and will cost you money. Usually you should do the opposite of what they're telling you.

Some of the things governments told people to do:
Enlist in the army, buy bonds, don't buy bitcoin because it's bad for environment, keep money on a bank account, don't use cash, buy electric cars.
It's funny that when they recommend something it's not allowed to call it a scam.

I don't think it's really easier than betting on dice where the game is as simple as it gets, basically a coin toss. Also with dice you get instant outcome. You don't have to think, just press the roll button.
Even slots can be more demanding because you get different results with different combinations, but with dice it's all black and white.

People bet on sports mostly for the reason why I do it. It makes watching the game more exciting and also if you bet on the team or player that you like you feel like you support him.

Without people reproducing there would be no orphans for others to take care of, but there also would be no people on Earth in 100 years. I'd say reproduction is the necessary evil.

Do you know why people don't want to adopt children? Have you ever tried doing it? All healthy toddlers are already booked. Try it and you'll probably get a problem child. One that has learning problems because mother was on alcohol or drugs during pregnancy, or kids that are autistic, or had problems with the law.

The story might be true or not, we don't know that. Let's say it it. It's clear that $2k is a lot of money for OP's father, so why did OP decide to invest it instead of investing his own money? I only hope he held bitcoin himself instead of on an exchange. I also don't recommend to anyone that they buy bitcoin just to sell it a few months later, especially when you have a target in mind that you have to reach to achieve something, like buy a house, or a pond, or finance a wedding. This is not what bitcoin is for and speculators usually get burned.

With that in mind, congratulations for achieving your goal, OP. Just hope that you don't gamble your father's money away now that you know you're in profit. It's very easy to spend other people's money.

Are you aware that the more they buy the higher the price will be, potentially scaling up to infinity? It's literally impossible for BlackRock to buy all bitcoin, even if people were willing to sell to them, but here comes another problem. Most people seeing buyers competing for their coins will be unwilling to sell, trying to squeeze as much money from them as possible, eventually surpassing million dollars per coin.

Let them buy, it's a free market. We'll see how much they really need it and how much they're willing to sacrifice to get it.

I feel like it's less important to give advice to people to be careful with money that belong to other people. More important is to make people hold their own money.

How many people do you know who custody other people's funds? I'm sure it's not many, but how many people do you know who hold their own money?
Moral of the story? Give advice to the general public not the select few.

Hold your own money people and you won't get scammed by people like this shitcoiner from OP's post.

I know something about government lies and I can even list a few of them.

When I started getting into bitcoin in 2014 the government discouraged any involvement. The official stance was that if you run a company dabbling in bitcoin, you're most likely a scammer. They wouldn't shut you down but make your life miserable by issuing warnings, putting you on lists of dangerous companies and so on, all to protect investors. They'd make it hard for people to buy crypto by asking banks not to process transactions. They'd issue a lot of different opinions about tax laws regarding bitcoin, for instance the chief of one tax office would say something and 6 months later his superior would say that the guy was wrong and you should file this or that. At first they said it was intellectual property, then a collectible, then a stock, then finally a commodity.
Anyway, years later when most companies shut down or moved and people had to switch banks for the third time because this would not allow you to send money to an exchange an another would tell you there's a limit for crypto transactions, the government said that since you guys have so much money from bitcoin it's time to share all that and we want 20% so finally, after 10 years we have real tax guidelines for you.

I prefer online gambling, although physical casinos have their own merits. I just don't understand what coins without value you're talking about? Do you mean meme coins like doge, or do you mean casino chips that have value only inside the casino?

Anyway, cryptocurrencies have value like any other fiat money since you can exchange them within minutes. As long as you can buy a gift card with your win and then convert that gift card into a bicycle or a new jacket - it's valuable. The real value is not in currencies because they're only medium of exchange. The real value is in items you buy. In food, land, cars.
I don't believe that you don't see it.

So they're not supposed to train. In case of a conflict they're given a weapon for the first time in years and asked to go and shoot someone with it.


It would be literally suicide to work as a police officer. You wouldn't have a gun but everybody else would, but it's you that works in law enforcement. How are you going to enforce anything facing an armed criminal while being unarmed yourself? Also, imagine the police officer being able to carry a gun at home but not at work.

I'd choose bitcoin of course, so the answer is yay. Since we're in "bitcoin discussion" I wouldn't want to be paid in crypto, but I'd like to be paid in bitcoin.


Oh really? And fiat money is the stability you're looking for, right?

Even a Doge founder did not support speculation behind the coin and what Musk did with it was purely speculative. He's a well known guy with many followers and used that influence to make money. What he did to bitcoin is in fact forbidden with stocks, but he did not go to jail because cryptocurrencies are largely unregulated and his whole pump and dump happened when SEC was still thinking if it's a commodity or a security.

Personally, I'm not going to ever buy a Tesla, so I don't care if they accept bitcoin or not. I'd feel better if people like Musk stopped scamming people and lying about bitcoin's environmental impact.

What ETH etf?

Last time I checked ETH was a security and the SEC was supposed to go after its developers. Joe Lubin isn't very happy about it
Eth has been dumping for a while now and it seems like people aren't convinced that there will be such ETF this year.

IMO proof of stake sucks it basically allows people who have a lot of money in ETH to get more for free.

The way I see it, the casino needs hard proof that the money is from an illegal source and in such case they have the right to hold it and contact the police, but...

In case of cryptocurrencies it's not that clear. How can you know if the money is clean or not. Let's say you buy bitcoin from someone, or someone pays you for a job. He got that money from an illegal source, like a ponzi scheme or theft, but you cannot check it. You bought it and tried to gamble with it and it got confiscated - why? The ethical way to approach this would be for the police to contact you asking where you got the money from and then going after the guy who sold it to you and taking his money (the money you paid him for cryptocurrency) as a compensation to the victims. They shouldn't take what you legally bought from him because you are also a victim.

To e honest, I don't look for new casinos. I don't research these bonuses because I almost never look for new places to gamble. I find it tiresome and I don't have time to do all of this, especially since I gamble from time to time.

These bonuses are rarely worth it anyway, especially the ones where you level up to get some of your money back. You'd have to gable for years to level up and since you need to wager a bag of money, the bonus isn't going to make you feel any better.

My biggest mistake was trying to buy different shitcoins hoping that they'll rise more than bitcoin, not recognizing the true value behing bitcoin and its relation to altcoins.

If you're looking for stories like losing money to hackers, thieves, bankrupt exchanges, nothing like that happened to me. I also didn't panic sell my bitcoin since I first heard about it.

We're still waiting for that $100k and I believe it is coming, but nobody can tell exactly when that will happen.


IMO people expect too much from these predictions. They'd like people to tell them what price there will be on what day and when this doesn't happen in that exact date they unleash their fury upon those poor analysts.

It's just one of many such dips in the bull market. If you can't sit tight and wait, you have too much money invested.

That's a bold statement. You can't possibly know that. We're not talking about the next 10 years, but ever. How do you know what people will use for currency in 2050, or 2150?
IMO it's not going to be fiat currency and if not that then what? Maybe we'll be mostly extinct and back to trading seashells and amber, but if not we'll not use currency printed by FED. There will not be any FED, I'm pretty sure of that.

I don't think that there's any danger to bitcoin. The only danger is that there will be no anonymity, but for that to happen they'll first need to ban cash.

Do you remember that old meme where 2 men dig a tunnel to find gold and one is close but decides to give up because he went so far without finding anything and the other is just starting his tunnel and we don't know if he decides to keep digging until he finds it or if he'll quit like the other guy.

The more you lose, until a certain poinmt you will want to keep playing because you'll feel like each loss gets you closer to the win.

Biden doesn't know anything about bitcoin. Everything he says is handed to him by people who want him to take this or that stance.

They should take Biden to an interview and ask him the simplest most basic questions ever because that's where they usually slip, like those guys who were talking in Congress how CO2 creates global warming and they asked them how much CO2 is is in air we breathe and each of them had a different opinion and they were all wrong


The president should be a supporter of freedom. If banks want to offer custody, they should be allowed to. I'm not going to give them my bitcoin, but if someone wants to why not let him?
How is the SEC protecting investors? It's all a joke.