I don't know how much that debt amounts to in the EU (if it is possible to determine it at all), but I know from personal experience that most people reach for credit cards and that this has become quite normal. I think that last year in my country, even the government intervened because the banks approved very high loans, without clearly informing the clients about the conditions, and this led many into debts that they could hardly pay back. As @Mauser wrote in his post, at a time when we have record high inflation, it is to be expected that people will reach for any possible help that is within their reach, no matter how much it costs them in the end.

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It's very easy to trick people into thinking that a bull run has started, whether it's Bitcoin or stocks, but somehow it doesn't seem to me that ordinary buyers have taken the bait this time. I read some analyzes about what possibly caused the positive changes in most markets at the beginning of this year, and some claim that big investors, mostly from the West, are responsible for it - considering that the jumps happened at a time when the Asian market was inactive.

I don't know exactly when this idea was first mentioned, but I found a topic from 2017 in which you also participated, and at the time 21 BTC didn't seem like a big number to most people - although according to your calculation it only took about $40 000 to become a member of that club.


I agree that it is an unattainable goal for most, especially if someone is starting from scratch, and even if you had 10 BTC it would still be a big challenge. In that case, selling those 10 BTC at the peak and then buying after a 60-70% correction would definitely be a ticket to that club.

If you buy Bitcoin only to sell it at a higher price at some point, then you are making a really stupid move if you do it during a big bull run and then find yourself in trouble when the correction follows. Anyone who has any idea how the market works will not find themselves in such a situation, but it seems that there are many who have not learned anything from the mistakes made by other people.

I agree that you shouldn't put all your eggs in one basket, because that's the only correct way to try to protect yourself from all risks - but in general, fiat is one of the worst ways to store value, especially if you look at it in the long term. It's true that Bitcoin is extremely volatile, but if you were to take a 4-year period into account, anyone who invested in late 2018 at a price of roughly $3500 has profited over 600% today.

If we know that the only correct way is for everyone to be their own bank, that is, to control their private keys - then all ideas of lending Bitcoin for the purpose of making money are completely wrong. If you just look at what happened in January this year, ask yourself the question - where else could you have profited as much as 40% in just 30 days and all that without risking and doing practically nothing?

Don't you think that 1% of all possible BTC is too much? Even at today's prices, 210 000 BTC is an amount that even the biggest Bitcoin bulls like Saylor or the Winklevoss twins don't have - and realistically nobody needs that much wealth. In some earlier days, there was some idea about joining the 21 BTC club, and I think that this amount for the future is quite enough to make everyone a millionaire in USD or EUR.

I have noticed several topics in which the member in question tries to promote his ref link from one CEX, and also to his personal website, which I assume contains many more Ponzi schemes. In any case, promoting ref links in posts as well as any type of hidden advertising in posts is prohibited.

That was some kind of idea in the beginning, but when people realized that Bitcoin works better for them as an investment than as a currency, we got what we have today.


I thought that those geniuses from various companies dealing with blockchain analysis had strange ideas in the past when they said that all BTC that has not been moved for 4 years is lost, but now I see that there are those who have even stranger ideas. For someone who has been on the forum for a long time, where long-term investing is discussed dozens of times every day, you really have strange thoughts - and not only when it comes to this topic.

Someone correct me if I'm wrong, but adding a card to a PP account does not mean that all limits are removed - because PP blocks the account after a certain limit has been used, and requires verification with personal documents. Verification by adding a card and verification with personal documents are two completely different things.

The only thing I can find that matches the description of what the OP describes is the following page :


It doesn't seem very credible at first glance, and it probably isn't, considering that without registration it is impossible to find out any useful information.

How did you conclude that you have something, and you yourself say that you don't see anything on your "account"? On the one hand, the one who deceived you is guilty, but you are equally guilty because you believed in such a foolish thing. This type of scam is one of the simplest, but it also seems to be very effective, whether it is selling watch-only wallets or paying some kind of fees to enable the withdrawal of funds.

I hope you've learned your lesson, in the end it's just money that you obviously have - otherwise you wouldn't be able to allow yourself to throw it around so lightly.

What would you call those who can afford to buy hundreds or tens of thousands of BTC? 1 BTC is not so difficult to reach in developed countries where the standard is quite high, but in some poor countries it is a wealth that hardly anyone can even imagine. Millionaires and billionaires will always be at an advantage to buy BTC, regardless of the price - everyone else will continue to buy, but the amounts will decrease over time.

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As for the OP's question, maybe he has read various analyzes somewhere about how much BTC an individual will need in order to become rich in the future and live the lifestyle he wants, but without knowing where the OP lives or where he plans to spend the future, it is difficult to give an answer to his question. 0.1 BTC at the price of 1 BTC = $100,000 is $10,000, and now the question is what someone can do with that money - for some it's a lot, for others it doesn't mean much.

For those who wonder how much is enough, I suggest reading the following thread posted by @fillippone -> A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle?

I wouldn't call that a good way to choose any project, least of all the ones you have in mind. A partnership with someone respectable can give a certain importance to a project, but if you look at who the big scammer projects like Kwon&Bankman were in partnership with, then some things can be much clearer.

In addition, each project can claim to be in partnership with someone, but this can only be a simple deception that lasts long enough for the scammers to achieve their goal. Don't blindly believe anything, research and verify every piece of information because that's the only way you can prevent yourself from falling into a trap.

Do not communicate with unknown people through social networks, and absolutely do not trust anything even if you receive such messages. If you want to do others a favor, report such users to the Telegram abuse service and maybe their account will be blocked.

We cannot say with certainty what will happen to the world economy in 2024 and 2025, but if there is no really big disruption (globally), according to today's indicators, it is predicted that a slightly less turbulent period will follow. Therefore, regardless of everything, halving can still play a significant role in starting a new bull run, although we cannot be sure that everything will play out according to the already seen scenario.

In other words, it is logical that we believe that a better period is coming, but on the other hand, it would be completely unreasonable to blindly believe that the price of BTC will explode just because it has always been like that after the halving.

I would write it in a much simpler way, because regardless of inflation, stocks or even war, most people expect a new big bull run to happen after the next halving, which means in the second half of 2024 or during 2025. As for investors, especially small ones, they all want to invest for as short a period as possible and are looking for some kind of winning formula, but now they are faced with a big doubt because despite speculations that the bottom will be even closer to $10k, the exact opposite happened.

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I hope you know about the risk when it comes to stablecoins, because most of them can be frozen regardless of how you store them. I never liked that fact, so although I understand that stablecoins have some advantages in trading, when it comes to holding, I would never gamble in that way.

[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

If you already thought of writing something useful, then at least you could have read more carefully what it is about, because the casino is actually called Jackbit, not JackRabit.

The thing is that the OP is not aware that he did something illegal, and he is quite right that it is not normal for someone to block his account and that he has to wait up to 6 months to even find out what the problem is. This is very unprofessional behavior and a definite red flag for every potential user.

I will never agree with anyone who says that this is something normal in this business, although I know that a lot of people try to abuse online casinos, but they need to implement better protection methods and hire more people to speed up the investigation process.

I also believe in second chances and I think that in most cases the majority deserve to get such a chance. But this is not about a second chance, but about a third or as some say a fourth chance for the same member who obviously for some reason cannot resist turning to the dark side.

In addition, there is fairly solid evidence that at least one of his alt accounts has been permanently banned, which means that all other alt accounts, including the one for which he is apologizing, should suffer the same fate.

Isn't that a common thing on every smartphone that has a camera? All you need to do is open the browser and select the camera option (icon) and scan the QR code, which is practically the fastest search method compared to entering words or voice search. I do not agree that it is wise to organize any seminars and lectures live, because that way everyone threatens their privacy and security.

The OP is trying to find a way to make people around him aware that Bitcoin exists, and regardless of how it may seem to some, I think that's better than doing nothing. Besides, it's about his time and money, and who can say that nowadays he promotes someone and something at his own expense and without any compensation?

It may be important for people living in China or Russia, but if we look globally, decentralization in BTC mining has always been one of the issues that arose in discussions. Before, the problem was China and the assumptions that more than 50% of hash power comes from there, and today about 35% allegedly comes from the US, while China allegedly still holds about 20%, which again means that two countries control more than 50%.

Of course, anyone anywhere in the world can try to mine BTC and I have nothing against that, but I don't think we should worry too much about what Russia or any other country will say on the subject. In addition, illegal mining on a larger level will not go unnoticed anywhere, so in the case of some global bans, I would not place my hopes on it being our back-up plan.

Everyone says that China would earn from taxation, but no one says how much? I will not repeat myself because I already wrote something about it in the previous post, but is it about $500 million or $5 billion and what significance would that have in the economy, which according to all forecasts will achieve significant growth this year, which will be measured in trillions.

It seems that after all these years, people do not understand that Bitcoin is a much bigger problem for China because of the idea it represents, than any financial benefit that could come from it. A country that censors the internet to an unprecedented extent will never allow its citizens to be financially independent in any way.