Not true. If you look up some stats, it's actually miners that have been holding bitcoin when it was below 40k sold the ETF news on Jan 12. There's a chart showing coins held by miners, you can look it up, and that decreased by a lot in January, while before that it was growing for months.

For an institution to buy OTC there has to be someone willing to sell OTC and if they're willing to buy over 1k BTC they're not going to contact normal people like us, but mining companies who have the supply to satisfy their demand.

Also, GBTC sells using spot bitcoin exchange, while BlackRock and others buy OTC, so your theory of GBTC selling to BlackRock doesn't hold. If this was happening we wouldn't see such a large negative pressure in January from GBTC because they'd sell everything OTC to other funds.

IMO even without the US Europe would be able to protect itself from Russia with ease and it's not like the US would sit this one out if Russia attacked. They are helping Ukraine and they would help if it was Finland or some other country. They'd use this opportunity to weaken Russia.

Lets face the numbers though. The EU without any help from the US has nuclear strike capabilities that Ukraine does nowt, so Ukraine was an easy target for Russia, but EU countries are not. Furthermore, combined forces of the EU have both more modern ground and air forces than Russia, even if Russia had full support of Belarus, which it won't have because the citizens of Belarus do not support this war and would be against any aggression towards the EU, unlike Russians who largely support the war.

In case of a RF-EU conflict Putin would be on his own, with maybe North Korea at his side. China would not jeopardize its good relations with so many countries, so it would not help and the only way Russia could have a chance against the EU or NATO is with full support from China, or if it used its nukes because that's the only thing Russia has more than the EU.

You know you're in a bull run when someone makes a thread about bitcoin touching a price and a few hours later the price is above that level.

What can I say, we've been in a bull run since January.
There are diferent metrics people use, but usually the most important ones are:
-price reaching consistent higher lows
-staying above 200 WMA
-being above 50% of ATH. For me it's the final confirmation, as usually we don't do that until the beginning of a new bull cycle.

Their goal is to attack bitcoin from every angle and you have to realize why this is being done.

Biden doesn't understand bitcoin, this is too much for his old head, so he's given up and allowed "his people" to do what they want in this matter. These people struck deals with banks who want to slow bitcoin as much as possible. At first the goal was to ban bitcoin, but all the attempts to do so were stopped early. Their latest failed achievement was an act that was supposed to make all the wallet providers assign addresses to names of their clients, which was so ridiculous that it exposed their true intentions and lack of knowledge. It's of course impossible for wallet providers to make clients disclose their private information every time they make a new address and if introduced such act would mean that no wallet software would be available for US citizens. Unless... that's exactly what they wanted. They knew how this works and wanted to slip a ban through the Congress, thinking that not enough people will notice what it really is.

Time is running out for Biden and his team of crooks though. The awareness is rising among politicians and there's no way they can get the majority to ban wallets or mining in the US at this point.

Just like what Putin is saying is one big lie. He keeps lying every time he opens his mouth. I just can't listen to Russian propaganda because it's so far from reality that they aren't even trying to fake it. It's just like they're telling you the Earth is flat because it is and whatever argument you give them it doesn't matter, it's flat. Even if you took them to space they'd still say it's flat.



In other words: Russia is not the enemy, even if it knocks on your door with a barrel of a gun. Just open and it will all be fine. We'll come in, take what's ours, because we don't take what isn't ours
This is the moment when we bring up videos of Russian soldiers breaking into homes, stealing fridges, and toilets, it all belongs to them after all, right?

I'd also like to remind Vlad that his soldiers were murdering unarmed civilians by shooting them in the back of the head, just like it was done in the Soviet times by NKVD. They also castrated some of the POW's and I know a confirmed case of a soldier who committed suicide after enduring such torture from Russians. These words by Putin are meant to be an insult. He's not trying to stop the war, he's spitting his enemies in the face by saying that he did not attack them, they attacked themselves by provoking him.

The main fault in the way people see it as inflation hedge and then get surprised by sudden ups and downs is that people who trade stocks also trade bitcoin and treat it like a stock, or a commodity.
If all stocks and commodities get hit by central bank's policies, so is bitcoin because people who invest in stocks get hit and have to sell everything they own, which includes cryptocurrencies.

If bitcoin was limited to being traded by normal people on exchanges and there was no demand from institutions you'd see much less stock correlation, but both average and top price would also be much lower. It's either this or that. You can stay in your little sandbox that bitcoin used to be in when the only exchange available worldwide was Mt.Gox, but then you'd still have low liquidity and would have to convert to USD first before you could buy bitcoin.

Before you come to conclusions like that, try testing it. Choose a casino and deposit let's say $100 and divide it into 2x $50. Log in to a fresh session on a given day and keep playing a raising bet in a pattern of your choice, like $1, $1, $1, $2 and again $1, $1, $1, $2. Check if after a few such rounds the $2 ones were always lost, while most $1 rounds were won. Then take a break, start a fresh session and play $2 all the time for the exact same number of rounds and compare.

I think that you have a feeling that when you rise the bet you lose, but the reality is a bit different. You did that maybe 2 or 3 times and felt like it's a pattern, but it's not.

The question is ambiguous.

What is "more?"
Are we talking about more in terms of percentage net worth or more in numbers? Of course a rich man can and will bet more in numbers than a poor guy because for a poor guy spending $100k in a casino is impossible when he doesn't own that much. When it comes to % net worth it's also pointless to compare because I know poor people who get $100 in allowance every month and they can sometimes bet half of that and if they lose they beg for help. For a rich guy matching that and betting 50% of his net worth would mean some crazy numbers like $10m - nobody bets that much.

So, let's clear some things up because some of you mix the short-term bottom with a cycle bottom. The cycle bottom is in and it happened in 2022, so don't get fooled by all these fools telling you that bitcoin is going to 10k or something because they are saying it because they hope for another black swan event like the one in 2020 during Covid19. They hope a black swan event will prove them right and they'll gain respect and social media followers, that's all.

The more important question is if the short-term bottom is in, meaning that the post ETF correction is over and we'll keep going higher after the halving. IMO the correction is over and I'm talking it by looking at both technicals and fundamentals.
According to TA we've broken the corrective trend line to the upside by going over 43k on daily charts.
When it comes to fundamentals, the ETFs have bought a lot of btc and so did big players like Microstrategy. There was some pressure from miners and GBTC but both are slowly dropping because both expect the spot price of bitcoin to go up after the halving, so people who couldn't wait another 6 months sold, but the ones who could held.

It's looking good if you ask me. I don't expect an ATH before the halving, but we should get one by the end of the year.

This is a proof that your parents will always love you, doesn't matter what you do. People go to jail and their friends and wives leave them but a mother will always come to visit because the child can be a criminal and a lowlife but still a child she brought to life.

I'd never steal from my parents. I had my differences with them and we often didn't speak to each other, but I never came begging for money and I never took any of their stuff without asking. You may be tempted at times, but remember that they won't live forever and one day you'll think of what you did to them and that you can no longer tell them you're sorry because they're gone.

My father used to always tell me: be good to your parents because you'll regret being bad when they're gone. He's dead now and I tell you that he was right.

It's the effort that counts, I guess


It depends on how you do them. If I did 100 all at once, with less than a minute break between rounds, like 25/1 min/25/1 min I'd be tired, but if I did something like 50 in the morning 50 in the evening, I guess I could do it and feel pretty good.

To be honest, I do some physical work every day at the house, for instance I had to carry bathroom tiles from the car to the upstairs bathroom today and I doubt I'd be able to copnsistently do 100 pushups every day for a year.

The only way this could work is if bitcoin came to the rescue and reached 100k next month.

The saying that you must lose before you gain is 100% not true and I'll give you a real life example.

I got interested in bitcoin in 2014 when I heard about the bull market in 2013 and the Mt.Gog collapse. Before I started buying bitcoin was already -70% from its all time high and the phase when I became bullish somehow fell into the realms of the bitcoin bear market. For the whole 2015 the price was mostly flat and boring and I never got any profit, but I saw it as a buying opportunity and started selling when I was Up more than 2x in 2017, which looking at it now was a mistake but we learn as we go, right?

Great idea and it could work... if only some people weren't (choose what you like): stupid, greedy, too ambitious, religious, crazy, or just misinformed and gullible.

This is the problem of every society. You get people who are smart and understand the consequences of their actions and those who are not. Just look at the average driver. One will go slow when he sees difficult road conditions, like snow and fog, but there will be some who will go full speed and land on a tree. The same crazy and stupid people lead to conflicts that don't end until the resources are depleted or one of the leaders is dead.

If a country makes a currency a legal tender it doesn't mean you're forced to use it. It's like with languages. Some countries have 2 legal languages and this means you can file your papers in one and they have to be legally accepted by public services and such. When 2 different currencies are legal tender, you can pay using one of them, or even both, paying half of the price in one and half in the other.

I'd say that becoming a legal tender is great for any currency and this is one of the reasons why Euro is doing so poorly. The EU plan was to make all members accept common currency, but some did not do it years after joining the Union. I can bet you that if bitcoin becomes legal tender in a first world country the price will go crazy.

You're doing good. Gambling with your profits is a safe way to approach, but it's not all that great. You're mitigating the risk by curbing your potential to win more. Statistics show that successful gamblers go all in and play very few rounds. An example of such behavior would be that if you had a thousand dollars, you should divide it into 2 bets and see how you go. If you get 1 loss 1 win, you'll start again. If you win $500 or more you stop playing and if it's double loss you simply take it and walk away with nothing.

Your strategy makes it safe, but you'll only be playing with a small part of your money which will probably never give you a good profit. People who have $1k but keep betting $10 never make money because for the casino the more you bet the better.

Your family is trolling you. Also, that's not a name but more of a nickname.

If you don't want them to do so, you can either tell them that, or you can start ignoring it. Usually people who tease others expect a reaction. If there's none they get bored.

I wouldn't want my child to be named bitcoin in public and my friends know that we shouldn't be talking about it too much because some of us hold a lot of bitcoin. You don't want to draw unnecessary attention.

Kiyosaki is full of shit. He made more money selling books and being a personality than investing. If he's so smart why isn't he an investor but rather an author? When it comes to investing or trading he's rather average, but knows how to sell himself and his ideas.

I don't understand what he means. I'd like him to explain this idea to someone who bought bitcoin at 60k in 2021. Robert should explain to the guy that he made money at the point when he bought bitcoin. It doesn't matter that it fell to 50, then 4, then 20k... He made money when he bought it

You can't be too gentle because that will make the guy feel like you're giving him suggestions, but don't be too harsh or you'll make an enemy out of him. If you push an addict, at some point the addict will feel like you don't want what's best for him and will start to ignore you or fight back. You want the person to realize that you're not doing it for yourself but want what's best for him.

What I'd do would depend on how damaging the person would be to themselves and people around them. You should have a different approach to a person who lies to you and steals from you, than you'd have towards someone who gambles to problems of life. There's so many types of gamblers and many levels of addiction so I can't give you a general advice that would fit them all.

Don't try to find the best price to buy because most of you will feel bad when it falls lower and you end up feeling like it was a mistake. Such attitude will only lead to future mistakes, second guessing your decision, selling to buy even cheaper and losing money on fees in the process... Look at the chart in a yearly time frame and decide if you want to hold your wealth in this.

IMO not owning bitcoin when you have a lot of money divided between stocks, bonds, real estate and other things is a mistake. Like some smart people said: just go off 0! Then you may buy some for trading purposes, but get some, like 1% of your wealth, turn it into bitcoin and put it aside.

There's a lot of things that shocked me. I have a number of friends who served in many different armies. For instance I know a guy who served in Germany and was in the command. They had the most boring job ever, all paperwork and you were expected to stay after hours and during weekends, but there they couldn't ask you to do it, it was just pressure. If you did not do it and weren't there when they called you, they couldn't give you a formal warning or anything, but they'd not promote you. They'd hold you at the rank you were in for years until you started to be a good dog and do twice the work you had in your schedule, then they'd say you show initiative and can be promoted.

During the pandemics it was the same. They couldn't make you take the vaccine, but you'd be expected to do so. If you said no, they wouldn't promote you, or let you go to a mission and you'd be given the worst, most boring jobs. The army is all about fake freedom and bullying you until you do what they want. They're bound by law, but they don't care. If there's a law saying they can't give you this or that order, they'll find a way around it.