You can't become a successful trader by taking random bits of simplistic and overly general advice from a forum. I'm sure you had the best intentions when you created this threat, but it's really not going to help anybody.

There's way too many posts about trading on this board, which just confirms that most people come to Bitcoin to simply make profits.

You can't make an argument that Bitcoin will replace banks simply because history has examples of newer paradigms replacing older ones. You need to show how exactly this will happen and also why it will happen. And you also need to consider what banks and governments can do to stop it.

I knew about Bitcoin in early 2012 when the price was $5 or so. I looked at it, thought "ok, some new form of electronic money, whatever" and forgot about it. Even claimed 0.005 BTC from a faucet.

When Bitcoin was in early days, it was much harder to be a hodler, because of the fear that every crash can be the death of Bitcoin. And the market was way more volatile, you could have invested $1,000 and see it be valued $500 in a few hours.

Doubt it. This should be verified by another and more unbiased source. I'm not a fan of Bukele and how he uses Bitcoin to make publicity stunts, but if that site belongs to his opposition, obviously they would write anything that makes him look bad, and journalists screw up technical data almost all the time, unless it's a highly specialized news source.

This is such a hypothetical question, just like "what if we stopped all wars" or "what if criminals stopped commiting crimes". You know people don't just do something, there must always be a reason. So people can only massively lose faith if something makes them, like a succesful attack against it, a devastating bug, backdoor or weakness in the underlying cryptography, a global ban, etc. Such events are very unlikely, so it's pointless to worry about them.

What if instead of bearish or bullish markets Bitcoin will just be bound in a range between $30k and $60k for the whole year? This is also a possible scenario if there's not enough people willing to buy, either for the first time or as additional purchases, but also if not enough people believe that the crash is coming and show their #stronghands, then the price has no reason to move too far from where it is now. If this happened, I would take it as a positive sign that Bitcoin is maturing.

Tax evasion? There's a lot of political figures on that list, and I doubt they are evading taxes on their government salary or their side hustles, lol. They are hiding their bribes and the funds they have embezzled.


It depends on where you live. Maybe in the US or in Europe the small guy will be prosecuted for even small-scale tax evasion, but in developing world tax officials don't bother with small fry, so people who get paid in cash just never pay any income tax in their life.

This doesn't prove that Bitcoin is not being used by criminals. It only shows that high profile criminals and money launderers use established fiat money schemes that existed long before Bitcoin was created. Big surprise.

How can you know that all those people don't own Bitcoin? If they bought it through their shadow connections and masked their traces well, the only way to catch them is if they slip up when they try to spend their BTC.

You can't simultaneously claim that Bitcoin is great because it can't be seized and it has some privacy, but then say that criminals don't use it.

I think there's no publicly known cases of large Bitcoin stashes owned by criminals because one type of criminals, like drug dealers, has piles of cash and they don't see a point in converting it all to Bitcoin, while the other type of criminals, like those country leaders, have access to laundering tools like offshore companies, and they basically control the country so there's no one to investigate them properly. This leaves Bitcoin, or more like privacycoins, only good for hackers, street-level drug dealers and other criminals that deal with millions, not billions.

It's so easy to judge people when you know exactly how things have played out over they years, but I can bet you can't predict the next big thing that will show performance similar to Bitcoin in early days. When this thing will emerge, people will be saying that it's a scam, a bubble, it can't work, etc. But at least iPhones and other things bring people immediate gratification.

It's not some random people who are angry at this company's NFT, it's the fans of the game, which as the article says isn't barely-known but actually has over 35 million users. This is the same order of magnitude as the number of Bitcoin users. People in general are not interested in economics, or really any other science, until it starts affecting them personally. During covid-19 suddenly everyone became an armchair virologist and epidemologist. So when the countries will, as you say, get wrecked, that's when people start getting angry at government policies.

Scientists also say that there's a possibility of even more dangerous events like gamma ray bursts or giant asteroids hitting Earth. Should we live in fear our whole lives, spend countless resources building bunkers and other infrastructure that has no other purpose than save us from these highly unlikely events?

Why is he so sure that miners that move to other countries will use green energy? Miners care only about thing, the cost of electricity, and there's still a lot of places in the world that have cheap fossil fuels and are ready to burn them if there's enough demand. Bitcoin will be 100% green when the world will be 100% green, which will happen at some point, so you can't say that Bitcoin will always have environmental problem.

What would happen if everyone wanted to exchange all EUR for USD? This is more likely to happen because fiat currency might experience hyperinflation but Bitcoin can't.


You do realize that fiat currencies are also exchanges against each other?


Crypto sphere is full of scams, and it will be like that until it will stop having market bubbles that attract a lot of people wanting to reach quick, typically people with no experience in investing. Cryptocurrencies in general are not pyramid schemes, because they don't make any scheduled and "guaranteed" rewards for investors, it's just speculative investment.

This is a really good highlight of the disconnect between the "blockchain enthusiasts" and regular people just want to get working products. It's not surprising that pro-NFT people were performing all sorts of mental gymnastics to convince the rest that NFT are good and were generally condescending assholes. These people really do live in their own bubbles.

Some scammers can get quite creative so it's impossible to list all the scams in existence. But all scams have one thing in common - they always require you to send your money first and in return get some profit. When you see an opportunity like that, you should get very-very suspicious and very carefully examine it. There's very little legitimate opportunities that work like that, for example casino bankroll investment or yield farming, but even these things could be ran by scammers.

IMO it's not a good idea to try to invest your hard earned bitcoins, Bitcoin already provides tremendous growth, why be greedy and risk losing it?

Positive: Bitcoin gets more publicity, the market gets more volume which is always a good thing

Negative: when most users are investors, it's easier to take over Bitcoin. Imagine government saying that either Bitcoin protocol will have to change or it will get banned. Most investors will support this fork because it will protect their investment at least in short term, so the majority of PoW and money will be on the side of the fork, and true Bitcoiners will be left in the minority. They will keep calling the original chain Bitcoin, but for the rest of the world the new chain will be Bitcoin.

It's not clean crypto is government can investigate it and find that the buyer and seller are connected and that the money involved were dirty. Fine art is used for money laundering and NFT can be used too, but this method is very far from perfect. Big criminals invest in legitimate business that generates clean profit so that their actions raise minimum suspicion.

I doubt that the government is so stupid to actually get fooled by something like this. Like you have a guy who is friends with drug dealers or other criminals, and he declared $$ milions in profits from selling an NFT, of course someone will start investigating this deal.

The complex scheme with manipulating some secondary tokens is more realistic than plainly using NFT to launder money. And also NFTs are good for making pump and dump schemes.

I doubt that any government cares about two Joes sending each other $100 in Bitcoin as payments for goods/services. What they want to do is to prevent the use of crypto as loopholes for bypassing sanctions or evading taxes by large companies and other big players. If they will control the gateways between crypto and fiat - the centralized exchanges, they will effectively regulate crypto in their eyes. And because fiat is centralized, it will always be possible to regulate such gateways.

Your first thought shouldn't be "how can I earn", it should be "how can I not lose what I already have". Crypto is full to the brim with scammers who specifically prey on beginners who want to get rich quick. Most of the high-yield "opportunities" that you will encounter will be scams. Focus on learning about common scams and the general mechanism behind scams.