Looks like a late Christmas gift for the scam hunters of bitcointalk.

But just like any other scammer on the internet, they will change names and possibly continue to run another site at which point someone again will call them out and they will run away with their tails between their legs. Till then be vigilant for similar looking sites and always be careful about Self-modded ANNs.

BTW did anyone try to report their domain name to the domain register (NameCheap) for being a fraudulent website? It can be worth a try.

I just passed over another thread "When bear market will start" - it only exemplifies how humans are never satisfied with one thing. Give them a bull market they ask for a bear market and vice versa.

Of course we can expect anything to happen. But there is no guarantee that such a market will be possible in Jan2022. What you can logically say is that in future bitcoin's price in fiat will increase, but exactly when cannot be predicted with high accuracy.

If you were looking for a quick flip and bought bitcoin at the last dump, you might need to hold a longer period of time. Get used use this, happened a lot of times in the past.

Oh are we adding a gender to bitcoin now? Get ready for the SJW or some other digital mob to come barking at you.

You have misunderstood the use of stablecoins. Their use is to multiply your gains in between the cycles. When the bear market starts, you use stablecoins that you had from the previous cycle to buy BTC and then hold that BTC till the bull market starts and then sell it for a multiplied gain. They add liquidity where it is needed. They are not a hodl instrument as per my views.

That last line is the essence. Most projects cannot recover when bear markets start but they have improved handling of money nowadays so then do survive. But the point is that altcoin projects will never be as big as what bitcoin has been. If you want to profit from the bear, buy bitcoin.

I have seen hundreds of "good technology" projects in the past and they dont have any market activity nor social media activity any more. Teams have abandoned the projects and the investors have lost their money. This sector is like that, so be careful what you are investing in. Bitcoin is a safe bet, no matter what.

The statement that came from a certain bitcoin accepting country's president, comes due to years of hatred against the Dollar added with it the financial incentives that bitcoin-related companies might provide to that country if they come in and settle there. The second point has been the major reason why this country accepted bitcoin as a legal tender despite the public being skeptical about it.

I feel this type of forced acceptance does not generate a healthy ecosystem for something that is new, however I am not the president so it does not matter.

Coming back to the OP's topic, if you look at the global currencies we tend to compare every asset with USD because it is the dominant one but we can also compare with our local currency. Really there is no single "global unit of account", we use what we feel is suitable. Even if in future bitcoin is made the basis of comparing, it would only change the fact that it is deflationary compared to fiat.

You should make sure that your mates understand what bitcoin is and how it works first. Then they will appreciate it more than the shitcoins, because they will realize the lacking of the latter.

Usually people lack the capital at hand to buy bitcoin because buying one bitcoin is not a joke, it is costly for an average salaryman from a middle class family. Therefore teach them about the divisibility of one whole bitcoin into smaller fractions and ask them to buy a fractional amount instead.

True, but dont force them to buy anything, otherwise they will put all their losses on your head. You should only inform them so they can execute their choice but not make their choice by yourself.

Show them the charts and try to clear their confusion regarding bitcoin. This is how everyone can help possible investors into bitcoin.

You would need to use a mixer for sure.

In bitcoin we have got loads of well known mixers, but for altcoins there is lacking in the market, fortunately fellow member @ryzaadit was kind enough to suggest a name, I suggest you use that for now. In the past we have heard that the mixer logs get stolen or forced by law enforcement but it is the best you have right now.

Be careful with what you are doing with your coins. I hope you are not attempting to launder money by this method because you will get caught sometime in the future, if you are taking any unlawful route.

The price of bitcoin has gone back up to 51k today and considering last week we were struggling at the 45k levels, this is an improvement if not a sign for a bullish buying pressure which I was hoping to see gradually.

I think currently it needs a large enough volume to destabilize the currency bull trend and that cannot be sustained for long making the bearish trends only short lived and sudden in nature.

My suggestion would be to wait and watch if you in the buying mood, dont buy now when the price is on the higher side, that is a mistake. But you must buy when the price dips below 45k and goes towards 40k USD.

I am expecting some more drops to the 40k levels pretty soon or else we are going to 60k if bullish pressure is strong enough.

Expect the altcoins to go in the similar manner, you can buy those too if you wish back when the bitcoin price drops. But dont forget that bitcoin is the gold standard, rest all are not comparable to it.

Just an update to the fact that the crypto bill was supposed to be launched in the parliament this year winter session, it has been withheld for now.

https://gadgets.ndtv.com/cryptocurrency/news/cryptocurrency-bill-india-parliament-winter-session-withheld-2662529

This is the second time the bill got delayed - previously on the monsoon session of parliament.

Whatever be the political tensions in the parliament, the winter session was closed early and therefore I guess this issue which is given less importance by the government over present issues, has been delayed.

I hope that something concrete can happen in future, let them analyze what other countries are doing about regulations and take the best route possible.

For now, I think this thread can be locked.

Every new coin that is coming up needs to create a hype so without saying, it is always going to be a crap coin in the end. Without the hype they would never get any social media or new media attention.

Bitcoin only. Bitcoin is still in its early phase and it is still cheap than what it can possibly priced in fiat currency when the minting of new bitcoins officially ends.

Just consider asking this same question back in 2010 and the answer would have been same, and you would have bought bitcoin in a large amount - how much possible profit would you have today if you did not sell all this while?

Many projects are having a vision, but majority lack an intrinsic market making capability, a method to spend the coins but not selling them on exchanges, like a natural burn method which can drive a demand for buying and that can grow the price organically. Not being able to spend your tokens anywhere leads to an exchange stagnation.

Your account is back from 2017, you should be knowing how to lock your topic, but for refreshing your memory, it is a button in the lower left corner.

It would also be a nice addition to add a [solved] tag to the front of the title of the thread.

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And always remember, that scammers know how to take the advantage of a victim's desperation. When you are in a hurry to claim your tokens because you worked hard for it scammers will attempt to intervene at that point. In the bitcoin world, never reveal your private key/seedphrase to anyone unless you wish them to take full access to your wallet.

You would never make a wrong decision of buying if you would stay in bitcoin only and not a single altcoin. But most users will buy some altcoins too so the risk does increase for ending up with an asset that is worthless.

If you have done your background research and believe that the coin you own has no future, then do think about selling it at loss - just be strict about taking this decision, because in case the opposite happens you should not feel bad that you wasted it by selling it at a loss. Most altcoins that have been stagnant for several years now are worthless and safe to cast away.

Losses are there in spot trading but if you are buying safe and at the lower price, you have higher chances of profit and that is the point being made in the OP, dont sell at loss for such bought coins, specially not bitcoin.

Congratulations then, most people cannot make money during a single year but take years to continue buy and sell cycles in order to profit a "huge amount".

Usually the year ending sees two things happening, with the selling due to spending of bitcoin and then the buying that happens after the selling. There is no guarantee that both will happen and that you might get any chance to buy at a lower price.

We can only predict a movement but cannot specify when it can happen - it is the nature of the speculative market.

The next bitcoin halving is in 2024, you will get a lot more number of bear-bull cycles before that for the next two years. Just keep tabs on the market every 6-8 hours everyday.

Dont forget that this is a game of patience, not speed.

I dont even think that the chance of spending crypto for buying stuff exists in most countries but only a selective few where it has been made easily exchangeable. Even then many people will have been saving up for the holidays and they will spend a lot of buying gifts for their loved ones and booking tickets back to home countries, there is no problem in that, every one needs a break for crypto and spending time with family.

The current market price is not indicative of that, there was a rise in price last evening to 49k and then drop back to 48k and today it is at 49k again. This is indicative of a bullish trend or a buying pressure which is opposite of what is generally expected. It can also mean that people might be spending but there are buyers for bitcoin.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Meta is another hype just like there has been hypes on defi and NFT and before that was the ICO and it's secondaries.

I cannot predict how long the hype will go on but depending on the fact that many tech companies are using names like Meta, I suspect this one to go about longer.

So if you can get into the hype early you can sell early whennthe hype is around it's maximum and get a good profit. But there is a risk associated with this too, the chance that you miss the top or end up holding something that is useless.

Whether web3.0 becomes big, end of the day it is not a magic bullet to existing problems.

Top coins from top exchanges but without top research from the trader's side? That would end up in the wrong soup. I am sure you have definite reasons to buy these coins but there needs to be a background research done on both the teams behind these coins and the price charts.

Doing so does not guarantee a profit but it gives the advantage to be able to make an informed decision which may not have been possible if you are just looking at the list of top coins.

Either way, bitcoin and the top five usually make good returns but be careful because a metric does not mean a profit. It is only a temporary list and the list is dynamic over months and years.

It can an advantage for the following users:

1. Who dont want to get into the trouble of owning a wallet themselves - Owning a wallet means you need to secure it as well. People can go paranoid over the number of security measures to take to secure and keep it private. Although madness is not a good thing, some basic measures are needed. If you are less of a tech-savvy user, this might be a good alternative.

2. Having to observe the market for movements and then predict the buy/sell prices - essentially you are giving that headache to the owner of the Trust.

The topic you quoted comes from a group which manages such trust and act as financial advisors. I would suggest you to stop reading them and rather learn how to use and keep bitcoin safe yourself. ETF and Trusts are always there and will be popular in future but that does not do what bitcoin was meant to do.

Even for stocks, you do your research and buy what you know will go up, same with bitcoin and altcoins. Why pay someone else to do it for you?

You are correct about the current state of Namecoin, it is essentially dead.

Although a coin never really dies out but the activity on exchanges and social media is enough to determine how much active it otherwise might me. With a dead forum and a chart with its All-Time-High 8years ago and daily trading volume of 10k USD, I would say it is dead for the time being.

Unless some "nole ksum" comes in with another space project and starts shilling this coin, I dont see any future of it. Their recent wallet software was launched, so I assume developers are still active(?) - so there is a chance of inorganic shilling by some millionaire in future.

But how exactly does this move with the metaverse concept? I tell you I am old school hodler, not interested in the current hypes.

I would like that some governments have been very lenient with blockchain tech development and using such technology to retire older banking tech and is currently in the process or already implemented into existing banking systems.

But when it comes to bitcoin and its acceptance, the same governments change to an opposite stance.

This is because bitcoin runs on blockchain not the other way round. Using blockchain tech has its uses while using bitcoin brings a number of problems for the governments.

The OP says, increased cost of livelihood - I have not seen much effect on that where I live, but maybe true for some countries. The governments will increase taxation to compensate the excessive costs due to the pandemic so be ready for that. Beyond that I still dont see any effective use of bitcoin to solve the problem.

It depends on how much the buyer believes in the coin to take off. If it is bitcoin, you can go all in without thinking twice, but altcoins? I would do my own research to know how much they have developed and how far they have kept promises before buying anything.

You can always depend on the bagholders to end up giving you a 10% gain if you buy on dumping and sell when the price is going up after that dump, but considering the buy price to be around 10-20$ range, the profit is not that lucrative.

It ends up being a personal choice though, I prefer to keep my portfolio less diverse inside the "crypto" heading, major in bitcoin and then ethereum.