I'm not buying anything at this point. I went all in early on and after the first bull market I've decided to slowly move from bitcoin to fiat with every big bull market. It's not because I want to get rid of my coins but because I'm aware of Bitcoin cycles and I don't want to get stuck being all in for 2 or 3 years of a bearish cycle. That said, I'm still planning to keep 90% of my coin investments regardless of what happens with the price now. I don't expect it to go lower than 19k in the worst scenario, and I held at 19k, so not much will change in that department If it comes that low I'll buy with 50% of my realised profits from this cycle and have the same number of bitcoins that I had in 2020.

What bear market? Bitcoin used to trade for 40k, now it's trading for 30k. 3 months ago it was 10 k and 3 months from now it can be 50k. A bear market is a prolonged situation. You can't say an asset is in a bear market when it hasn't even been a month since ATH and the price is still higher than it was 2 months ago. If you don't like Bitcoin you're free to invest in other things, I'm very happy with my choices.

I'd never choose to convert to altcoins in such case. Altcoins would go down even deeper if Bitcoin lead the way. I'd also stay away from stablecoins. It's possible these will one day be the  cause of a big market crash. For late investors the smartest move would be to go back to fiat to save themselves from losses. For a long time holder like me it would have to drop down below 1k to make me scared. I'd most likely keep holding until the end.

Jealousy speaking. You can see it by the way he completely dismisses all qualities of Bitcoin. He knows it's popular and many smart people support it, but he talks about it like it's nothing. You may like something or not, but be objective. It's not fake and it's not some kind of an investment scheme. When people talk about it this way they make fools of themselves.

This is the problem OP. If someone claims to have unmasked Satoshi and demands money for it, you'll be willing to pay. It's people like you who are financing this manhunt and by doing this you're also opening yourselves to scams. How are you going to know if it's the real Satoshi or a story of another Dorian Nakamoto? Don't be so eager to pay or one day you'll find yourself scammed with an article about CSW.

Fun fact about forfeiture is that the government usually does whatever it wants. I know cases where people had their money seized and effectively stolen by the government, even when they had not enough evidence to warrant forfeiture. They simply seized what they could and never gave it back. The money was, depending on the case, locked on the account for years, taken as evidence and never given back or "misplaced". They often take so long to give it back that the owner dies before he sees the money again.

As for the taint, it only works if all exchanges agree not to trade tainted coins, but then they risk that one day all coins will be tainted and they'll have to close business. Most cash in circulation has at some point been used to pay for semi-legal or illegal stuff. Dollar bills contain traces of drugs, blood, semen, you name it. Even a dirty dollar bill is rarely rejected by stores, therefore taint won't work in the long run. It can be a scare for new users, that's it.

Low volume is an issue only when you're a day trader, or have a lot of money to dump. Most of us are not one or the other. When you want to trade some coins because you feel like the price is right, even low volume will do. All DEX have low volume compared to CEX, it's just the way things are.

As much as I hate the idea of socialist redistribution, generalizing this way is pretty naive. Sure, some rich people became rich because they worked hard, others like former wives of billionaires happened to marry the right guy and then get a nice divorce settlement. Let's not forget about those who inherited family money, or happened to invest in the right thing, like many Bitcoiners.

I have high hopes for Ethereum because its performance this year is great. It's a "late bloomer" because people thought that it would explode right after 2.0 transactions were tested but it didn't. It also didn't do much when Bitcoin hit its all time high last year. That said, Ethereum's explosion usually marks the beginning of an altcoin season, or at least it did in 2018. We might see another, bigger bullish move on Bitcoin followed by a similar move of the bigger altcoins.

People were expecting a lot from Trump in the beginning and got an unpleasant surprise. We tend to have big expectations at first and when facing the "bad known" we turn to the unknown, even if there's a chance it could be even worse in the end.

He says it's his grandmother's name.
J. Robinette Batman

There's no problem with reopening the economy. Governments should stop hiding behind covid because more and more people see that it's become the answer to everything, a scapegoat.
Don't have money -because it's covid.
High unemployment -covid
Money printing and inflation -covid
Can't open businesses?  -covid
Can't travel? -covid

Soon when a politician gets a pimple on his nose it's going to be because of covid.


Just a little selfish, no biggie, right?

Moreover, if you give money of the rich to the poor, won't that make the poor rich? What then? The poor will fight among each other, or maybe the rich, who became poor, will fight to get back what was taken from them? The ideas of Robin Hood are pretty dead in modern capitalist society and may it stay this way.
Question for OP: Who is going to decide which people are rich and which are poor? It's pretty easy if you look at the extremes and put together a single mom who works in a diner to feed her children and Jeff Bezos, but let's look at the middle. Where will you draw the line? Is someone who has $10m going to fall into the "rich group"? How about someone who has $100k in the bank?

Looking back, it was a great moment to buy, but who could have known that there will be a big pump today, right when Bitcoin had a bearish cross. Most people were hoping that 30k would defend and it somewhat did. It really looked like 30k broke to the downside but Bitcoin often does the unexpected. I believe we had a huge futures liquidation on the way to 30k and they all bought back today. Wall Street is manipulating the price again, but hey, it's going up I won't say I'm unhappy.

Position 0 which means it's even outside of the list. It's what makes the list in the first place.
Looking at what's going on today I feel like they aren't even in. Today it's all Musk.

It doesn't contradict one another. Some inventions become the future and some are forgotten. Bitcoin just might be among those that prevail, but don't forget that it will require a lot of upgrades along the way to stay on top. It's like a mobile phone. The technology is still with us after more than 30 years, but if you compare the first phones with what we're using today you won't find many similarities.

Of course it is viable and with time it actually becomes more profitable for miners willing to hold. If you'd start mining in 2016, you'd be told everywhere that mining is for people with a lot of money. They'd tell you to stop dreaming about making money with mining because the market is dominated by China and that you'll barely make ROI, but if you mined and held, you'd make so much money that you'd be able to mine for another 50 years without taking any profit. Literally, miners who did that 5 years ago could keep on mining and paying their electricity bills for another 50 years using the coins they mined in 2016. It can look grim from a newcomer's perspective, but veterans of this industry have so much money that they could keep it going all by themselves if they wanted to, without any new miners joining in.


Bitcoin good. Trading good. Posting good. Making money. Prices low. All fine. Mom made dinner. Me eat now. Bye bye.

I don't use a bank with my bitcoins because I don't want the government to know how much I'm holding, selling and what I'm spending my money on. I exchange face to face for cash and have a legit fiat income to my bank account that I use to pay bills. I know that many people choose to withdraw to their bank accounts, but traders who often switch between currencies and pay for their cryptocurrencies with bank transfer don't have much choice. Many people want to run a licensed business and pay taxes, so don't blame them for cashing out via a bank.

It's not a crime if they're laundering money. It's their money, they can do whatever they like, but you are going to be put in jail for doing the same thing.
In China you can be put to death for counterfeiting money, which is one of the most bizarre things in the modern world. They print money, but if you do the same they'll kill you. They pretty much remained in the middle ages with laws.

For me it would be a bullish sign. If the banks are saying that it's going to be a bubble they obviously realize that we haven't seen the top yet.


And you are right to think so, just like governments and their ponzi scheme allegations. If banks were reliable as investment barometers there wouldn't be a Cyprus bank bailout, a Greek crisis, Deutche Bank, and many, many more.

It's not that easy. If he bought on a registered exchange, especially if it was Coinbase or Gemini which report your every move, it's still possible for the government to track his sale and prove that he tried to avoid paying tax. The only way he can be safe is if he also bought on p2p or f2f from someone and sells for cash.