I try to save as much as I can, but over the years I've learned to separate my investment money from the money I spend every month. I have a job and that covers some of my expenses, the rest is covered by campaign money, occasional trades and bets. My investments is only spent if I need to add to a very important purchase. That could be for instance a new roof for my house, a car that I'll drive to work, or similar.
Spending a little helps me to stay calm in times of turmoil, like a volatile bull or bear market and here's where the real importance of campaign money lies.
In short, most of my campaign money goes is spent on booze, small electronics, gifts and gambling

For me it all depends on the amount of coins that I'm earning. I very rarely spend my wage on gambling, which means that I only gamble with freebies (money from campaigns, giveaways, profit from investments) so if I keep getting the same amount of coins (more in fiat terms) I keep betting the same numbers. If my profits get reduced, I gamble less. I usually prefer to bet Bitcoin because that's the coin that I hold and the coin I earn here on the forum. It's just not convenient for me to exchange it and pay additional fee just to be able to place my bet in a different coin.

Sure, the real one was destroyed. He can't wear something that doesn't exist anymore


Is it really that strange? I have Bitcoins dating back to 2015 that were moved only because I had them in a now defunct multibit wallet.

It's not yet in the mainstream but I like your thinking. If more people are as misinformed and as bullish as you are we are definitely going to go higher from here.
You're right about the run not being like 2017. I said a few times before that for the bull run to end in a real crash, not a fakeout, the chart has to show a very strong move up, at least 10% in a day and then a strong immediate rejection and a pullback to about -40%. We haven't had that yet. What we see now is traders taking profit and waiting to see if the majority joins them, but the majority is holding.

You must be that guy who when asked to enter name and address, types "name and address" in the field.

You could set the fee as fixed 100sat/b. This would maybe take 6 hours to confirm, which whouldn't be a problem. With fees of around $30 you're overpaying, even with the current status of the mempool.
That said, wish I had that LTC high roller in my referrals

Hello, I'd like to apply.

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It doesn't look like 60k is going to be the top. The price is creeping up too slow for it to be the end. Usually when it's about to pop it explodes and breaks down within a day. For instance, we had a small attempt to take profit today and everything got bought up instantly. The buyers are still very strong. Makes me think when the fear is going to start settling in. Maybe at 80k? Maybe at 100k? I have to say that I've been waiting 7 years to see a run like this one and it was so worth it.

Trying to use Bitcoin to buy a bottle of milk is like using a flamethrower to light a candle or using a pistol to kill a cockroach. Certain things are meant to be used in certain way. Bitcoin was made to be a payment system, but it doesn't have to be a system that will allow you to buy a pack of smokes. Since it became a store of value in these uncertain times, you will not be able to buy very cheap things with Bitcoin, just like you can't do it with gold. Bitcoin is better though. It allows you to buy things directly, unlike gold, even if these things have to be of certain value for you not to lose money on fees.

Wallet passphrase is your last line of defense. First of all, nobody should have access to your wallet files. If you allow that to happen it's already bad, therefore my passwords aren't very difficult. They're things that I always remember and that would probably be possible to crack for automated software within a day. I have a different way of protecting my coins and that is holding everything on a clean machine with no Internet access. The moment this computer gets powered on will be the moment I decide to spend coins from my cold wallet.

It is spendable. Treat it like your serious purchase fund. We all have things that we buy daily, weekly, monthly... and things we buy maybe once every decade. Some things are paid for once in a lifetime, like your child's school.


Central bank issues currency. We cannot issue our own Bitcoins, so that should answer your question.

So you've invested in a company, the company has been taking a loss and eventually was forced to shut down. It's a normal situation.
If you theoretically held YD's stock, you'd feel the same. They'd take losses and eventually go bankrupt not allowing investors to earn back and it wouldn't be anything unusual.
I also believe that allowing someone else to try to run the business might be a safe way out, but it's not my decision to make.

Good luck with your future projects, Ethan and Scott!

The mainstream is starting to go in. I can see many youtubers who weren't into crypto before buy Bitcoin as an experiment to show how much you can make. Usually this is a bad sign, sign of the street rushing in and the street is usually late for the party. I know we're going to go higher in the long run but whether we'll have another bearish cycle or not will depend on how many whales enter along with the street.

I own what we could call a "dead" wallet". Lat time I checked there were 6 BTC there dating back to 2014. Am I one of those who in statistics show as people who lost access to their wallets?
We've had hundreds of this threads where people were trying to estimate how many coins are lost and how many coins are owned by companies. It's impossible.

No, minimum wage should be abolished. The market should decide what a person with a certain set of skills should be paid. Minimum wage manipulations lead to an unnecessary struggle between a demanding public and politicians, which doesn't make sense since neither the public nor the politicians should decide on what an employer should pay his employee. It should be 100% up to the employer.
Increasing minimum wages leads to populism, buying votes with promises of higher wages that never work.
What most employers do when they have to increase minimum wages because the government said so? They let some people go and divide their wages between the rest.

Pretty much like Christmas.
In many countries they made a huge business by adopting all possible holidays. In Germany for instance stores "celebrate" all German holidays, but also Turkish, Chinese, and so on. I went to visit my family a few years ago and they all knew that on that particular day there was a Turkish Sugar Feast and you could find Turkish sweets in most big shopping centers.
Another great example is Black Friday that came to Europe and is now held on regular basis, even though 10 years ago it was unheard of here.

That "lucky bitcoiner" can quickly become unlucky if she keeps opening doors to strangers and telling them how she got her money.
That said, how can you say if she owns the house? She could be a housekeeper, a sister/girlfriend of the owner, a babysitter... I have keys to my friend's house, doesn't mean I own it.

One of the problems of Bitcoin if we can call it that is that there's not enough of it for the whole planet. It's inevitable that Bitcoin is going to become the rare and safe money that people will use to store value and perform the most important and biggest transactions. Company takeovers, project funding, real estate purchases, overseas transfers... this is where Bitcoin is going to excel. Many people have a wrong understanding of money. They think Bitcoin is not money because you can't buy coffee or a burger, but money is not only groceries. When you think that people are buying planes, factories, whole islands, you'll see that Bitcoin is money, just not the one you'd use every day.

We could argue that controlling mining means controlling Bitcoin, just as buying out the supply (which governments can do because they have an unlimited supply of money) can lead to taking control, but that will never happen. The country that would spend all their fiat money to buy Bitcoin would in result hyperinflate its fiat currency and multiply its debt. It could be an interesting experiment to watch, just to see what would happen, but if I were the president I'd never risk it. They'd all think I'm insane and impeach me.

It's bad if you never had to pay any tax before but from the point of view of a typical European business owner the taxation isn't unbearable in Russia. 8k a year is a pretty high amount for an average Russian who earns about 600 USD a month. We can say that you're taxed on your cryptocurrency trades only if you're trading the equivalent of your yearly wage and you're not being taxed more than you'd be for your other assets. As evil as taxes are, these look pretty fair.