Exactly, the algo's are all the same; BTC uses SHA256 (NSA) to hash the public-key into an address, and ETH uses Keccak-512 (Sputnik);

All private keys to address mapping is the same, private_key*generator->public_key, Hash(public_key)->address, compress address -> final address

You can do this yourself, don't need a downloaded malware. Just use 'KU' ( python pycoin util ) and generate the public-key from a private-key. Then apply the sha or keccak hash, and them in the case of bitcoin address format compress to base-58 ( cmd line tools on linux are already there for all these steps )

Why would anybody do this? It's not the same address,

Like somebody said here, the only reason for this is to get you to enter your private-key, so their malware can send it home.


If you must do it, I have explained above how do to it,

U can't really map btc to eth, as keccak & sha are different one-way trap door functions, called 'hashing'; if you go back to the priv-key, then you can map to public-key, as essentially ETH is just a clone of BTC, and they both use the same algo to generate elliptic curve arithmetic.

Bitcoin gets hacked 100x more than ethereum historically, because "BTC was where the money is/was", in time as ETH becomes more popular, and bigger CAP, you will see the criminals move to ETH. I think essentially that is what this malware is about, its an attempt to catch morons making the move from btc to eth, and thinking they can use the same priv-key, you can but why would you want to weaken security? ETH has good wallets, and good key generation built-in, why would you want to 'import' a private-key from btc of questionable security?

PRICE is not how you measure anything, even a human-life (human slavery #3 biz for CIA) or a kitten is not-pronounced dead if its trade value drops

Gold has dropped 90%, and nobody said 'gold was dead'

I'm talking about the fact that bitcoin has been stolen by criminals both in the wild, and in the GOV.

All the original libertarians 'promises' of bitcoin have turned out to by LIES, that's what killed bitcoin, not a damn thing about price.

It's no longer private, it ain't anonymous, its nothing but a 'racket' for street criminals to rob morons; Its nothing but a front for the tax-collector (IRS-COINBASE) to rob morons

It's nothing but a racket where the IMF re-directs infinite FIAT away from GOLD into funny-money, aka virtual-currency.

It's nothing but a racket, where fee's of $150 to transfer $1 are common, and all fee's are kept by Chinese miners, in CHina; Just a transfer of wealth racket.

Are just bitcoin people terminally dumb?

Do people actually deposit their cash in strangers accounts, hoping for an ROI?

Sounds like a Madoff Ponzi

Whoops, remember that deposit, last night we got robbed, sorry your btc are gone

Why are there so many dumb suckers associated with BTC? I know its mostly criminals, but the idiots make it too easy for the criminals.

Deposit with me, I'll pay you 15% on your idle bitcoin, then when you 'exit' I'l charge you only 50% off our normal service fee, transfer fee, and exit fee, and maintenance fees.

Like they say if you don't have the key you don't own, u transfer to another party, there is NO
compulsion for them ever to return your funds.

If its too good to be true, its not true, but BTC people don't know that; because by definition they believe in miracles & unicorns.

There u go again, BTC is not a safe-haven, because its not a real asset. It's not liquid, and its supported by nothing. U can't compare a tangible to a non-tangible, you do but its just plain dumb.

BTC losing 25% of its value has nothing to do with safety, GOLD too has lost 90% in bad years, and GOLD didn't lose its 'safety value', gold didn't lose its 'safe haven' status, same-same for 100k years

Gold is Gold, its real and it never depreciates to zero

Bitcoin is virtual bullshit, and its backed by nothing, when you pull the power & internet, its gone. Gold is never gone.

BITCOIN is not universally accepted, that makes it  worthless for emergency exit during time of war.

The reason that all of ASIA keeps gold, is that throughout history you never know when you have to run out the door, with just your clothes and some gold coins in your pocket. With gold you find a new place to live the gold allows you to build a new home, and start farming again elsewhere.

USA didn't evolve this way, so they don't think in terms of 'fleet to safety', and what to bring

The USA are setup to roll over and die, at the first outbreak of hardship, they can sit around a cannibal dinner, and talk about how much BTC they used to have.

I see the words "trade" & "Musk" I see bullshit, and fraud.

90% of all 'traders' lose their wealth in 90 days of 'trading'

Had U bought $1k of DOGE a month ago, and just sat there and done nothing, you would now have $50k

BTC is still down, and DOGE is back up and holding well, its clear that new money is flow to DOGE.

Nobody gets rich quick, except liars, and the fools always lose all

The only people that make money are the exchanges that own the trading platform, we call that the 'house' the house always wins

A better investment would be a course in ebonics-2-english, and a real education, then find a real job and make some real money, and slowly invest in real tangible assets. Once your 'set' then dabble in crypto-bullshit, if its your hobby and it amuses you. Never gamble what you can't afford to lose.

90% of all 'traders' lose their wealth in 90 days of 'trading'

---

It's best to study the market, and find coins with merit, a good story, and a good team. Buy them when cheap, and hold them a long-long time

Since 2014 most alt's that are properly deployed have made the pre-miners & early adopters quite wealthy, this is a trend that will continue until crypto collapses, which it will;

There might be a few good men standing, but that's why you need to always be invested in the best of the best; When U jump around based on bullshit on reddit, your just setting yourself up to be screwed.

I don't want to mention names, but there are a lot of real solid coins,

https://coinmarketcap.com/

Study them, all the top 100 coins wouldn't be there if they weren't good, today there are 9,000 alt-coins, list doubles every year, I'm going to guess that the coins u bought were shit; Find stuff that top-100, find stuff that's cheap, and has a good team, you need to go to the websites and learn 'what makes this shit-coin better'? You need to learn who is the team? Is it one guy in a closet running 100 alt's, or is it a team of ex-navy seals? This is why ETH has done well, they brought a good team on board from the begin.

I'm going to bet you bought the shit of the shit, penny-stock equivalent of the crypto space, this is why "90% of all traders lose 90% of all their money the first month", so don't worry its not you, its 90% just like you, your not alone

If it was easy to make money, everybody would be rich, they're not, most people live paycheck2paycheck worldwide. Best advice is stay off of twitter, reddit and this site, and base all your opinions on what you see, and hear with your own eyes.

I just told you how to do it can the list, pick the top-100, and find ones that are cheap, that are really good quality, you tell; every coin has information from the public, people are pretty honest about what is good, what is shitty than all the other shit.

Lastly, nobody gets rich in this hobby, rich people come here to play a game, to preserve their wealth, Probably the biggest misunderstanding is this notion of DUMB TEEN Becomes Millionaire with BTC, it just doesn't happen, that teen would have likely never HODL'd to begin with which takes a lot of discipline

BITCOIN was first, first always does well in new tech, but they never stay on top.

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Exactly, safe-haven, means that "SAFE"

Everybody that I know who has "LOTS of BTC" fears the Nigerian Mob kicking their door down, the family getting raped until the private-keys are handed over, u get the picture.

Is Asia everybody has gold, and its hidden, but with BTC right now, just a few people have a lot of it, and they CANT seem to keep their mouth shut.

In all human history, the rich always keep a low profile.

Yes, its very easy for criminals to steal your bitcoin, hell its easy for criminal through social-engineering to get your family members to steal your bitcoin.

All anybody needs is a 32 character string, with that your money is gone. There has never been a better time to steal, bitcoin has created a criminal paradise on earth, where even the victim can't go to the police, as they dont' even know how to investigate the crime.

Its easy for criminals to find large addresses, to geo-locate the owners; its all easy to hack bitcoin, its easy to hack wallets, its easy to hack stolen .json wallet files on computers or phones its all too easy

I'm going to guess access & achieved have the same meaning on this planet-crypto.

Let's see non-english speaker, goes shopping, purchases diapers&depends for the family ( note the Freudian here, shit covers traded for shit-coin ) with BITCOIN, during a time that $1 transactions cost $150 fees. He does the transaction in normal time and vendor let's him walk out the door instantly.

She didn't just buy a bag of pampers, she bought out the entire market, 1,000's of boxes of pampers an entire Shipping Container.

It was all easier & faster than what ? Cash? or Gold Coins?

When he got home  from shopping, she  'the wife' decided BTC had utility. Funny, why hadn't he given all his money as dowry prior to the wedding?? What else is this guy holding back??

With name Ebede we're too assume that he's Iranian or Persian, and they gladly accept bitcoin at his local bazaar.

...


So if he dies, what does he achieve with his bitcoin? A 1,000 virgin boxes of pampers in heaven await him.

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Its an asset, they have wills, they have sealed wills with last directions. They have fairly honest estate planners all over the earth, quite simple to have the private-key cut in 1/2 and two partys hold each 1/2, to only be delivered at death, ... lots of ways to do this.

Normal stuff, hell most of it would get collected by GOV, as an estate; they could find the priv-keys, especially if the wife tells the GOV 'he had crypto', they know where to look.
Most important is GOV knows what to look for, while the wife doesn't.

Like people here say, if you trust your wife, then just like a 'joint account' you teach her today how to trade btc and run your accounts.

The problem of course is how many 'trust their wives', or worse how many have wives that will sit through the lessons? Let's remember that it took us a long time to figure out BTC, given that its 99% criminals, giving out free-software.

IMHO U want a crypto wife, u marry one.

Then there is the real problem, everybody I know that has 'told his wife about all is assets' are guys who lost all their assets in a divorce, the only people I know who have held on to their assets are people who didn't tell anybody about their assets.

There's a good scene from that prison movie 'shawshank redemption' "Do U trust your wife"? It's a difficult question, the prison warden did't trust his wife, the man whose wife was murdered had trusted his wife, I think the guy in prison char, is a rare bird.

The entire nature of Crypto is for people who don't trust anybody, but then funny they trust the Nigerian scammer

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A true statement? Yes or No?

Lot's of people pump BTC on this 'forum' and don't own any BTC, lots of them get promised BTC if they post.

People who have never setup a full-node, or a wallet-server, or hacked code for BTC, or cloned BTC, what do they really know about "Bitcoin" Nada

People who have never lost BTC because they failed to backup the original wallet-password, and priv-key; Now they know something, you learn BTC in the gutter, getting beatup. It's best to learn BTC when you have little to lose, worst misktake is to come in with all your ammo, and get wiped out  on the first little mistake.

Hell were supposed to talk about "GOLD", how can you mess this up? Well idiots buy fools gold all the time, so its does happen. When you buy gold, go to a legitimate gold shop with lots of customers and pay cash. All gold shops have quick test, to handle the walkin gold.

Which has real value? Gold in the Hand, or a big random number on a computer?? What is better when the SHTF?

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Well it does change the fact if your fact's are lies.

Let's see Hedge? Worked Summer of 2020 until two weeks ago, since two weeks ago you would have lost your arse. ( If U want a hedge going forward in crypto DOGE or ETH will do better )

Self-Soveriegn my ass, owned by the CCP (chinese-gov), all Mining is in CHINA, all MINING HW is in China, U think CCP is sovereign?

Censorship? Resistant BTC gets $2B a year stolen exchange theft & social-engineering, its the biggest ripoff for criminals in the world right now ( people come to BTC to get rich, not really sure what your getting to here, but if you want to spend the 'fees' you can post a string of characters in the blockchain, they charge by bytes; its not censored if this is what you mean? I doubt it. )

I'm going to guess that this is a new one they have pulled out of their arse "Censorship resistant fiat', or 'censorship resistant toilet paper', what does it really mean I can draw porn on my toilet paper now??

Control of State? R U insane BTC came out of the NSA, sha256, & secp256 are NSA algo's, NakamotoSAtohshi picking secp256k1 is proof that he was NSA, nobody else was even using it at the time.

The exit's&entrance of BITCOIN  are exchanges, in the USA they're now just fronts for the IRS to collect tax information for non-compliance.

Why do you even bother with your lies? It only works on newbs

Last one funniest of all, so U think China the largest population on earth is not a State? Or do you just choose to ignore the fact that all mining - building blockchains and accepting transactions is done in CHINA, under CCP ownership ( that's right CCP owns all the mining HW in China ).


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Works until it doesn't

MUSK is full of shit, last week he said "My cars that crash were NOT on auto-pilot", this week he say's He sold $100M, but he made $272M profit, so he obviously sold much more than his lies.

MUSK now knows the MSM  has his back, no matter the lie, it will be supported by MSM (CIA)

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Bill Gates retired from MS a decade ago, MUSK is an active CEO

TSLA was dying, MUSK took out a $1.5B COVID ( cheap money loan ) and bought BTC cheap ($42k) prior to the ATH at $64k, at ATH he sold and covered the costs on his loan, and tossed the $272M profit on his balance sheet to keep TSLA looking good to the analysts.

GM did this for years GMAC was making 15% ROI on credit-cards with their capital, GM was making 4% ROI on the auto manufacturing biz.

MUSK is now in the same realm, he's not in the EV biz ( except for free 100's of billions of tax scams ), he's in the financialization biz, borrowing cheap money, and gambling.

Same as Delorean 30+ years ago, spent $100's of millions on COCAINE to keep his company 'profitable'

...

Musk came out of PAYPAL, Musk is 'money laundering operation' for god knows who, rocket-ships & auto's an flame-throwers, its the stuff  that keeps children up at night.

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Wallet Software is dangerous, free trojan horses.

Hardware Wallet is a joke, how do you really know its doing what you think? How can you trust the company.

Why have so many addresses you have ONE for your serious, like the big-miners, you see they have one address with 150k btc's

You have a few addresses for junk stuff

You run your own bitcoin full-node, your own electrum-server  if you wish to make lots of addresses, you use coin-join, if you wish to do your own mixing

...

Everything is offline. Get a couple of dice, say roll the 32 times and write down the numbers, then enter the numbers on an offline laptop, that is virgin, no web-browser, sort of like the hive-model, virgin clean no chance of malware. You run "KU" for python bitcoin/pycoin, ku will take the generated random number and generate your WIF, you write that WIF down. Your done. You engrave that WIF on some metal, and put it away. If you want more special private-keys, do this again.

Now you have a private-key, on the same offline virgin, when you ran KU to get your WIF, you also got all the address formats, right now the one you with to use, comp, uncomp, bc up to you Your done.

Your PRIV-KEY has never seen the internet, your PRIV-KEY is hard saved permanently. You tell nobody, ever. Your security is 100%. NOTHING no random generator on earth can better the dice rolls, as all computers do pseudo-random generation.

Given that you have your own private full-node, and electrum server, you run the wallet software, so it only connects to your server internally, use TOR if you wish. Nobody on earth can connect your IP, to that address, I'm saying you have imported your secret priv-key into this private wallet node. This just be for coin-joining or mixing internally to save coins; You can always create throwaway addresses, bringing in new funds, but you can mix them back to your secret address.

Of course once you have gone to the trouble of making a 'super-priv-key' you never share it with COINBASE, or sweep using a wallet, you never use mobile-wallets, unless you fund toy-accounts for pocket money

...

All wallet software online is a scam. All wallets on mobile's is a scam. The only safe wallet is on your own private wallet-server, that nobody can see what your doing. If you can't afford to lose it, don't use it with public domain software.

Most hardware wallets are a scam. Either they give you rub-off key, which they sweep your funds later, or the hw-wallet has a serial number where they can later activate malware, why would anyone think that companys making wallets are safe? It only takes 1-2 dishonest employees in cahoots with a Nigerian OP, to destroy a company. Hell anybody that gets into any wallet hw or sw is not to be trusted free or not.

At least with your own node you can monitor 'call 2 home', and prevent malware

...

In summary making a super-secure private key is easy, just roll a few dice a few times. Keeping that private-key off of the computer, and off of the internet is the secret. Running your own wallet-server is most important of all to make sure NOBODY associates your high-value address with your geo-ip

What in the hell is a paper-wallet Paper is where you do your scratch work rather than on a computer, storage of your magic number is up to you, hell grind it into the bottom of your desk with a drill

'wallets' are 100% bullshit hw or sw, running your own BTC full-node, you can do your own transaction 100% anonymous

All exchanges are either ran by the GOV, or criminal in nature.

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10's of 1,000's of people have been robbed by buying cheap trezor clones online from ebay

Over $2Billion USD lost every year from BTC theft, but its a dirty little secret

hw-wallets are USB devices, the easiest thing in the world for NSA to hack is USB devices, these days lots of malware out there to scan, super easy to get into a device read-only dump the memory, and decrypt it later

but most hw-wallets use the ebay scam, where a scratch off key is included in the package, and of course as soon as you use the wallet with that key, your funds are swept by a 3rd party

but even making your own key isn't safe, because all wallets hw or sw are trojan horses

original btc design didn't even have 'wallets', it came later by criminals and exchanges and governments

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Seed words require a dictionary to map those words to a 12 bit digit, typically 12 or 24 seed words, what a pain in the ass. Not all sw even uses the same software mapping. This crap was invented by the same dildo that brought you 'brain-wallets', another scam that caused people to lose millions

Just roll two dice 3 dozen times writing down each pair of digts, and your done. U have your numeric private-key. Convert to WIF format offline secure, and tattoo that on bottom of foot. Done.

WIF is typcially about 28 characters, easy to write down.

I think memorizing 12 or 24 words in an order is as dangerous as 'brain wallets', people are constantly forgetting the order, or one word, read the net, not a day goes by somebody messes up and loses all their btc forever

Just convert the numeric key to a WIF, and write on system using a permanent marking system, welding rod if you wish, or plasma-ionic rifle, bury it with your gold, so know its in a safe place.

Why pick on paper, there are scrolls laying around with old ink 10's of 1,000's of years; going to last longer than you, especially if stored in dry place. Like a PVC gun tube, where you keep your gold buried.

Most of the time when people first start BTC they don't know what they're doing, they go online and get an 'address' and never backup that priv-key, then years go by they think their rich, and then when they go to spend their btc ( cuz they hodl ), they find out they don't have the key, or the password to the wallet; So many gimmicks and pitfalls in BTC to lose your money

---

There are more 'fake' "Trezor Wallets" coming out of China, that there are 'fake' Apple Store, and iPhones; and that's a lot. In China, the people who work at the Apple stores don't even know they're not working for Apple, and its the same for the Trezor Universe.

U might trust Trezor as much as the baby-jeebuz, but its irrelevant, unless you bought your 'Trezor' in person from the CEO at the Company, and even then he probably doesn't know if its a real device. Often these things are fabricated by the 100's of 1,000's in China on contract, and the rejects that fail 'test' are thrown in a bin and sold for cheap, then end up in Nigeria where they're resold on ebay

Lot's of ways to scam the hw-wallet, the big one is the fake scratch-off key, the second is to have pre-determinstic random numbers, say you generate 1M random keys from a seed, then you send out the Trezor clones, now you have a database, and you scan all the addresses, on the mining-pool of BTC, when you see an address from your pre-deterministic database of priv-key/address-map on bloom-filter in real time, you 'sweep', or even better you flag and have a human watch&wait until big money appears on that address.

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Why indeed? Because most people can't remember where they left their car keys ten minutes ago.

Write it down, or lose it.


On Ethereum they tell you they intend to reduce eth  live holdings, to increase price, on btc they can count on people being stupid to reduce active addresses.

Like you already said, if you use an online wallet, and  use their private-key generated, then you have already lost your money.

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HOTEL-CALIFORNIA - You can enter but never leave.

Remember that Paypal is Musk&Thiel two human vampires, Musk went the way of cars  that tell you where you are going to go, and Palantir Thiel took has paypal cash and got in bed with the CIA to plan your future of where the Musk-Mobiles into to take you

Yes, nobody is going to export the 'priv-key', they'll say you ain't smart enough to hold it, your play-pal digital musk bucks will be 'backed' by btc 100:1, just like FIAT, just like GLD ( faux gold ) on paper.

Elon Musk, Dave Portnoy Spar Over Bitcoin

https://www.msn.com/en-us/money/markets/elon-musk-dave-portnoy-spar-over-bitcoin-sale-on-twitter/ar-BB1g5gUv

Last week Musk lied about the Texas TSLA not being in auto-drive

Now MUSK is lying about how much he sold. He made almost $300M profit on selling out at the ATM, but he tell's on his twitter $100M

Will this guy ever get called out on his lies?? Its all on TSLA's SEC report

Oh, yes his reason for selling is he wanted to prove that "BTC was liquid"

Prove to who his mother?

Portnoy calls Musk out right, its odd that Crypto majority don't call him and his dangerous cars out, its odd that he's such a protected class.

Remember this guy got rich in PAYPAL one of the shittiest companys on earth.

Musk is an expert in digital-payments, its been his scam 30+ years. He didn't need to prove BTC was liquid, he's just blatantly using BITCOIN profits to cover his failing TSLA using his fame to drive BTC up & down. But all love Musk, he's their poster boy for HODL.

If U didnt' hold the private-key from day one, it was never your money.

Too many people play along, invest, join; play the game think their getting rich, maybe the house lets them withdrawl a little, then they find out about the 'exit tax', keep 1/2 if your lucky, I think 'nicehash' is the worst of all, and they have been running operations forever, and are plugged by everybody, goes to show you that paying people to 'say nice things, about bad operations' is the backbone of the bitcoin criminal system

All goes back to #1 rule, if from day one the crypto ain't going to your private-key address, run-away from that operator.

There is no such thing as a free lunch

Bitcoin cultists seem think all is free; Always looking for that free 'air-drop'

Just like free stimmy-checks to the moon, thank uncle joe

Parents want a better life for their spawn, normally the 16-32 year old crowd is the most easily dominated by bullshit of all humans, children are naturally skeptical of bullshit. People who make it past 40, are skeptical of most bullshit.

They shipped your jobs to China before you were ever born. They have told you all along, by the time you reach 62, there will be no social security.

Like sports, of all who play only a small number become super-stars and make the bucks, and get the chicks

Most young people ( under 30 ) today are living at home with parents, unheard of in USA history. Used to be they kicked you out when you finished highschool, an you never came back.

So what choice do they have? Unless you go to a good school, or have the right connections, impossible to get a job a GOOGLE

Baristsa was the thing a few years ago, but now COVID has killed that

So the only thing possible is CRYPTO, however like eToro says on registration "90% lose their principal the first 30 days of tradiing", so then comes HODL, which is the most evil of all, because they're told to buy into the ponzi, and never cash out.

It's all hopeless, and that is what drives the ponzi, but make no mistake the future of the USA is hopeless. Lockdowns are permanent, the system has no intention of return anything to the way it was before, the likes of GATE & the Billionaries like Musk has always been to keep the poor off the streets, to keep the beaches clean for the elite, and the forest trails.

Greedy, no the system has failed its next generation, 'easy riches' are one of the few escapes.

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The GOV has been running the Exchanges for a long time, and allowing the scams

Don't ignore the fact that easy takings of cash from weak people is  an alternate to taxing the majority.

The police have long had asset forfeiture upheld by the highest courts, even though the cops just share the money for xmas party's, its  not like it goes charity, or even the general fund.

Now you have every copy shop in the FED gov hosting or fronting these scam's like COINBASE; Your money is stolen, and there is nothing you can do.

The GOV loves this easy money, and especially all branches of law enforcement.

Sure politicians will speak out, and maybe even penalize the honest BTC holders, make clearly understand that the high level criminals are some of the largest contributors, and are already working with the FBI & IRS.

The argument has been the GOV must operate 'silk-road' to find out who the bad buyers and sellers are, in reality as all know all the cocaine & heroin on earth is controlled by the CIA.

I agree with you on the most simple level, but please remember that the places the GOV shuts down will be the good honest operators, the criminal enterprises have already PAID for PROTECTION.

Hell just the other day FBI paid a SiliconValley firm $5M USD cash to management their stolen BTC fund for the Fed's. The same exchanges that steal normal peoples funds everyday.

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The majority here push the HODL narrative 24/7. Confirmation bias, they close their eyes and mind when BTC goes down, and yell at the moon when prices rises.

During a collapse, consensus of silence is demanded, otherwise you be a 'hater', so say the bitcoin cult

The cult leader Musk, just sold his stake, but its ok that he doesn't HODL. Why is that? Your supposed to HODL, not him. If HODL is such a good idea, then why did Musk sell? Why is it OK, for Musk to take profit, but not you?

Cults always do this the leader will tell you all to practice Chasity, and then the same leader will be having sex with every nubile in the cult.

Nothing is more powerful than being ostracized, here being called a 'hater'

'Safe Haven' is a place you go when the SHTF, does that place have an internet connection?

Risk versus reward.

So far BTC has been a high-risk, high-reward gambling operation; GOLD ( physical in your hand ) is low risk of entire loss, but its insurance. The man who buys insurance doesn't say "Look I'm rich, I just bought insurance", What he bought is an enabling means to flee to a 'safe haven' in the event the SHTF.


In the case of BTC if the SHTF, all HODL'rs at once would "SELL", of course system only handles 7 transactions/second, most HODL'rs only hold 0.05BTC, when the SHTF BTC fee's will go higher than 0.05BTC, wiping out any hope of pocket money to flee to a 'savf haven'

GOLD people 'pay as they go', they don't worry a little gold for passage, and a little gold on arrival, and they start over a new life.

GET RICH QUICK, and 'safe have' are mutually exclusive, but how to you get idiots & morons to understand??

This has been the problem all along with virtual-currency, its anything they  pull out of their arse, one day btc is digital-gold, the next day its digital-cash, next day digital-oil, its whaever they want it to be, see the pattern here? BITCOIN is alice in wonderland.

Let's see,  on the one hand you have a tangible with 100k year history of value.

On the other hand you have an intangible with a ten year history.

I really think this is the result of video games, where most millenials think that tangible and intangible are the same thing.

Still haven't gotten a single person here to come to the realization that we're not talking about paper-gold, or USA controlled NSA-BITCOIN.

We're talking about physical-gold in your hand, versus a crypto-currency that is controlled by the CCP ( china-gov ) called Bitcoin.

It's mind boggling, not only is bitcoin non-tangible, but its created by an aggravated enemy of the USA. China got rich making the mining-hw, running the pools, and running the miners to make BTC, and selling it the West. Then China uses the US-dollars to BUY GOLD. The Chinese miners decide which transactions go into the block-chain, coming 'black-lists' will seal the fate of BTC.

This is what the Chinese call the 'fire drill' ( driver gets out and runs around the car ) or pocket money, where money comes in left-pocket, goes out right-pocket  a magic trick played on the Western Fools.

Makes sense, sell in March cover taxes due April 15

'but sell in may, walk away' is  the stock-market and stock-market is an inverse relation to bitcoin

Think about it this way, when interest rates are low, then BTC to the moon, as BTC is the new-cash ( last year theme ), but last two months, now interest rates are on the rise, so people pull out of btc, and return to high-paying 2% (almost) treasury bills

Thus BTC performs like Bonds

What's clear from the image is that you can also count on the fact that early April is the time to buy, on average; But in a typical year you would have to consider t-bill direction, as well as up/down of BTC; There are always correlations if you look for them, but can you trade on them? I think not, most traders are day-traders

In the parabolic history of BTC, its best to have early mined and paid a nickel for a BTC and to HODL, all else lost their arse; Late arrivals lose the most, early players make out like bandits, there is a reason they call it a "Pyramid Scam", those at the base make all the money, and as you come in towards the top, the gains get narrower and then diminish, but those that come in from the bottom, always win

Time value of money, 99% of all wealth in history, is being in the right place, at the right time. That said, lots of early BTC were lost, cuz who could have known that the crap would sky-rocket. I would say more than 1/2 the early miners didn't record their private-key properly, they just early on generated an address, and flushed wallet files, it was a game to see who get could get the most, not for money, but ego

Lots of luck inv
olved being there, and them having the fortune to have recorded your private key in a safe place, like to even remember where that place may have been.

Even today people create wallets and don't think about recording the 'magic words', or don't even understand the priv-key, or fail to record the wallet password, lots start as a trial run, and continue to deposit an early address, not thinking that they actually didn't record properly the priv-key in the first-place.

The reality is all adopters of  the crypto scam, need training wheels and mentorship. Dumb luck prevails in those who can be called 'whales'

Even the Winkelvoss purchase was dumb-luck/timing, they could have just as well lost their arse. Timing & Place is everything.

...

Using the above logic, the smartest thing today, would be to put equal cash into really cheap new alt-coins that have a future, and HODL; The future 100x returns will be in that space, bitcoin pyramid is game-over, or best might see 2x, but will probably see -80% fall.

$1k into DOGE a month ago is $50k today, and $1k in BTC a two weeks ago is $800 today.

The days of 127X for BTC are over, nada never going to happen, impossible, for the simple reason is that $50k is out of reach for robbin-hood traders. Average BTC holding is 0.05BTC, or $3,000USD; That kind of money fits into the 0.5 cent coin space well.

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Well charts are like 'tea leaves' anybody can see whatever they wish, hell anybody can justify anything they wish.

History is rather harsh on 'chartists' most lose their arse over time.

Greed & Fear drives everything, but you can only react because the psychology is spoon fed by the MSM. GOV taxes what it wants to destroy. Many variables.

FIAT will always flow from bad FIAT to good FIAT.

Trouble is today, most Governments on earth are all marching to the NewWorldOrder, witness the 100% cooperation with COVID lockdowns.

Some people are always creating wealth, the majority are always losing. Most of the time it pays to run wall-street and pull new issues like COIN, or RIOT out of your arse, and sell them to suckers.

The fascinating story about BTC, and alt-coins today; Is that little people, say a nerd in China or India, can really get rich, if they just clone BTC, and have a good story.

It's always the GUY who pulled the virtual-pet-rock out his arse, that makes the  most money; It's called pre-mining in the bitcoin scam universe.

Thus even better than spending your $3k on btc, or an-alt, would be to invest that money in a server, and develop your own shitcoin, and market it, and get your friends to early-adopt. That's the real riches are made.

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GOLD is an insurance policy, a small amount say 1-2 ounces can carry you over in an emergency, anywhere on earth

BITCOIN is a speculative bubble, a get rich quick vehicle, each have their place.

99% of all great wealth in human history was made in real-estate investment, note the bitcoin by 'definition' is not REAL, its virtual currency back by bullshit

On the other hand, speculative bubbles prove that this shit can go very high, in the tulip mania the tulip went from a nickel, to the value of a fine home; such as now BTC could go to $500k, and then back to 0.01 cent

Enjoy the ride, keep a little gold stashed away for beer money when btc goes back to zero

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'safe' and high-return have always been mutually-exclusive


The bitcoin bullshitters like to tell you that you can have it both with btc, but this is the BIG LIE

Some bullshitters will say btc is the new-gold, other will say btc is the new-fiat; always as if crypto-shit coins were going to rule the world in the future

Just like pet-rocks in the past, or tulips; this mass hysteria of fraud is NOT new; history is full of ponzi scams, this the first one that is taken the world, largely because the internet allows worldwide ponzis to take place

Seems odd, DOD(TCP-IP) created the 'internet', DOD(NSA) created bitcoin, the DOD enabled all the bullshit and criminal activity, largely in the past wars were physical, invade a country and steal their shit,

Today war can be fought from wash-dc where computer geeks can rob the world, without even leaving the city. COVID hysteria demands everybody on earth stay in their home-prison.

Wealth preservation? starts with finding a new domicile where your safe from the insanity, your wealth is secondary to your health & life


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