I don't agree with this. We don't need altcoins to be accepted worldwide. I really couldn't care less if XRP burns in a flame of bankruptcy one day or if Craig Wright's shitcoin gets delisted from every single exchange. Why would you need BCH or any other useless coin to be accepted worldwide if Bitcoin is not.
IMO we don't desperately need acceptance. We need to move forward with each year and the longer BTC stays on the map the stronger it will become. More people will get used to it and understand that it's safe and it's here to stay. I hate gold comparisons, but gold isn't accepted everywhere. You actually have to search a bit before you find a gold exchange near you.

Yes, it is BSV.

If you go to  https://memo.sv/  on the right you'll see "all on the BSV network"
It's not clickable so it doesn't lead anywhere but it's the same with other ones that were supposed to be links. The sire is not finished and they all don't work.
Anyway the first thread in "posts" is: Why BSV? Why not BCH?

I hope they keep doing it for another year and burn a million dollars. A million Craig could spend at his lawsuits.

Advantages of socialism? I'm really curious what those are. Care to elaborate? Socialism is about cooperation, but a guided one. This means that you have to work for the common good, but how this common good will look like is not for you to decide. It's like building a house that is supposed to belong to your whole family but one person in the family holds the plans and decides who will live in each room and what size the rooms will be.

I believe that with election comming up we'll have to wait for the Dollar to return to its highs. The time of uncertainty that accompanies the election usually influences national currencies.  We also have to keep in mind that in Spring 2020 USD was at its highest level against EUR since January 2017. Corrections after ATH levels are nothing unusual.

For me it is not but it depends on person's character I guess. At home I find it that people don't actually understand that I'm working. They see me at home and casually walk by talking to me or ask me for help or want to know my opinion and distract me all the time. When you're at home there's always something. I have pets so they can demand attention, there's deliveries coming, neighbours, things like that. People know you're home so they come with stuff.

The biggest advantage of working from home is not having to commute. Going to town would take me an hour every day. That's an hour I can spend in bed.

Or your wife, which would make it even worse in most cases.

On the other hand, adding crypto as a payment option will not make the system idiot-proof.

I know what you mean. Lately I've been browsing properties in Italy and there's a lot of really cheap land available there. You can buy a house in Toscane with a great view for 100k EUR, which is proabably the price of a small flat in one of EU capitals. I don't know if the reason for these low prices is covid or people moving to big cities, maybe both, but I'd love to live in the suburbs whete the air is clean and there's no traffic.

These haters are as toxic as those "when moon, when lambo?" people.
If Bitcoin fell to 1k tomorrow without any fundamental fuckups I'd be taking a loan.
Of course if it went to 100k next week I'd be selling everything, because both of those moves would be completely unnatural.

Most people find reading a normal service manual to be a dificult task. Go to any home appliance, computer, electronics repair shop and ask them. The average user buys something, unpacks it and immediately goes to pressing random buttons and trying to figure out how the device works instead of reading the manual. Then they usually break stuff and try to blame it on the manufacturer.

If you had to read the white paper to start using Bitcoin we'd have half of the current userbase.

It's normal because young people grew up treating electronic goods as real property. For us electronic money is real money, domains and computer programs are real items with real value, cryptocurrency is a currency. For our parents grandparents it's not. They think that things they cannot touch are less real than things they can touch. The generation gap has never bin as big as it is now.

Of course. It always depends on the value of a single purchase. It's much easier to hide the purchase of 2 small apartments than a big mansion in the suburbs.


In most EU countries they do it like this. When you buy property the notary has to report the value for tax purposes. The property and paid tax go into the database where they sometimes put the total value of your purchases against your paid income tax. If you paid very little = you had not much income and shouldn't be able to make that purchase.
Store purchases don't get reported this way. Nobody knows if you have a computer with a virtulal reality setup worth 10k USD in your room. Nobody knows if you have a swimming pool in the garden. These things don't get reported anywhere or compared against your income/taxes.


They are looking for money wherever they can, even if it means cheating people and stealing from them. I can give you some more ridiculous things the government came up with.
For instance, they are checking people's wells to find if they're not taking water from their wells and using it in the house. If you have such setup you are supposed to have a meter on your well water so that they can charge you for waste water.
They are also snooping around properties to see if people are not cutting trees without paying for them. Yes, you have to pay for each tree cut on your property and the cost depends on diameter of the trunk.
They are flying drones to check if people aren't building anything without permits. I'd agree if it was about the house, but they are comparing the pictures of your house with these made with drones to see if you did not add anything like a garage.
They are charging big properties with rain tax. If you have a big roof you have to pay for the rainwater. This is by far the most ridiculous tax.

Because of the above, I'll try my best to avoid whatever taxes I can and won't feel like a cheater or a thief. As long as the government will keep making up new ways to steal from me, I'll be doing the same.

It sure is a big wallet but not the only one around the Internet. I remember threads on this forum where people were asking for help getting into their wallets. There are many smaller wallet.dat files circulating around the Internet and I haven't heard of a single case where someone managed to find the password.
Technically if someone was dumb and put a short password with no capital letters or numbers you could bruteforce it so it's not a completely futile attempt. Even if it takes a year of running the program 24/7 one should be able to do it. I think that it's only a mater of time before someone does it. Whether finding the password will really give them access to the money is a different matter.


Theoretically there's life on other planets and it's possible to warp space and travel to distant galaxies

It's important to be open unbiased about investment. Peter is not. He thinks Bitcoin is a threat to his business and likes to criticize it.
It's obvious that "the kid" has a much smarter and healthier attitude towards it. Even if Bitcoin doesn't make him a millionaire at least he won't be in denial about the possibilities it presents.

That's right, which makes it an imperfect indicator, because the supply available on exchanges is a fraction of the total supply. In other words, the price of ~17 million coins is decided on trades performed upon a million or two that are available for trade around the world. The system is still fair, because it's assumed that if the exchanges were to run out of available supply, the price would skyrocket so much that people who don't hold their coins on exchanges would move them to take advantage of the event, but in the meantime we'd all experience extreme volatility. What you could see in March of this year was an example of what could happen and how easy it is to deplete bitcoin exchanges.

^
Many EU states have the duty to accept cash written in the law, so it's really not that hard to spend cash. In the country it's customary to use cash everywhere, starting from gifts and ending in real estate purchases. Want to buy a car or a motorcycle? You go to a dude, write down the agreement on the spot, hand him cash and off you go. Got a job for a mechanic, a gardener, basically any other contractor? All of them will take cash.
I could think of a dozen clean and legal ways to spend 100k EUR within a week.

The best way to approach it would be to lose all hope, think of the worst thing that could happen. If you're ready to spend $1k today, think of it like it's gone. Don't start dreaming what you'll buy when it goes 10x and you have 10k to spend or you'll get nervous avery time the price goes down and start spending time observing the charts like an addict.
Also, learn some basic rules like not your keys-not your coins. Get a hardware wallet, learn to keep your computer clean, don't use online wallets and don't hold on exchanges.

I don't report anything anywhere, since there's basically no way to trace my coins to me until I actually decide to sell for fiat, but wait, I can sell for cash. Now, is there a way to trace coins bought and sold for cash back to me? I'd like to see them try For now I'm clean since I don't have to report unrealized gains and I also don't need to report realized gains until a certain amount.
If you're worried that it might drop to 0, maybe you shouldn't invest in the first place. You don't need to be a master of TA to know that it will nevr go to literal 0, but even if we think of something like $100, it would need years to drop that low. You'd have plenty of time to sell at 6k, 3k, 1k and all other strong levels.

Thanks for answering. I said that in relation to the title of this thread. Starting a video with short-term TA and mentioning a catastrophical drop isn't really supporting the idea of investing for the long run. Some trade some hold. I don't believe anybody can provide some serious data about the number of BTC holders vs traders. What I've learned along the way is that to make big money trading you have to be an exceptional trader. To make money investing in Bitcoin, all you need is confidence and know how to keep your coins safe. Saddly, most newcomers come to the space thinking they can trade their way to riches.

I already have some backup plans in motion that allow me to avoid taxes. Not to give too much details, I have people willing to buy BTC from me for cash for a small fee, basically any amount, so I'm not really afraid of sudden capital gains taxes being imposed.
I'm planning to move for other reasons. The EU is becoming more and more socialist and the governments are making up some strange taxes every year. For instance people used to have wells on their properties, but now the EU is thinking about taxing people for the water they collect. I bet their next step is going to be taxing for rain collected from the roofs. We're going to have meters on our downspouts. In many places you even have to register your solar panels with the government and ask for permits to build a stupid wooden shed in your back yard.

What projects? What portfolio? They're talking about Bitcoin. Portfolios are for shitcoin buyers.
As for the technicals being incompatible, I agree. There's no need to do short-term TA when you're an investor. TA is for traders. He's talking about long term hold and barely mentions the fundamentals, but focuses on the recent correction, like a typical trader. He even says that  "the recent move might look catastrophic".
I'm a holder and to me the move from 9k to 4k in March wasn't catastrophic. If you feel like that when the price moves down by 2k USD, youre a trader not an investor.