Not a good fan of TA, it all BS to me however it seems you have put some thoughts in it. It definitely took a lot of time for you therefor the merit. I find it hard to believe the majority would of never sold any BTC. The minority who never sold any satoshis probably won't feel so inclined to do so after hodling for so many years, if they are still stacking sats that is, even if this is just theoretical. It's not practical when the price went from 0 to $68k and you did not sell any when you had 1000 BTC. There are whales who sold some so that they can buy back again if they did not sell all. If I would be one of them then I would at least sell a good percent of my portfolio. |
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If you believe in Bitcoin, let's dollar cost averaging if it has 30% to 40% corrections. From all time high till today, we witness a more than 70% correction. It is a good entry range to buy Bitcoin. Price can fall more but don't call lower price which will be continued by lower prices.
Problem with us average people that we do not have cash-flow all the time. When you spend money then you need to wait for the next paycheck or make a profit from your existing business to invest in bitcoin. It's better not to go all-in even if the price drops to $14k. Have the cash available, if it drops more and you can accumulate from that insane dropped price. In the mean time sell anything that is not necessary for you to live. Have cash 😉 It all sounds crazy but this is the mood I am in now 😂 Man, if ever bitcoin hits back to that price per bitcoin then boom they could just double their assets and be mega holder institution in the crypto space.
I told before that some of us are lucky. We did not have to wait to be in Bitcoin and the price was over $25k |
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<snip>
Look who is here. Welcome back brother! |
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I think many people here are otherwise still hoping for $14K, $12K and $10K levels, even if their not necessarily waiting for these potential lows. But personally I'd be very cautious if price came down to $10K, as it could very well stay below $20K for multiple years if this occurs. It would invalidate a lot of strong Bitcoin 12 year long bull market models such as log growth, that could lead to a much longer bear market.
A suggestion, this may help. This is the time when those so called YouTubers will push you their contents as they are crypto Guru. At all cost avoid them. Keep doing DCA. The market gave you an opportunity. Take it as long as you have cash to spare. |
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If yes, do you want it to move up from now onward?
I want to see how many people want a strong upward movement.
Since the price declining from $68k people were waiting for the movement. Market needed a correction and we are going through it. Some people are expecting it to go below $14k, not sure if this is going to happen. But personally I would not mind bitcoin to be under $14k for few days or weeks or even months. We will have new people on board before the jet engine starts 😂 If this is not the bottom then I would like it not to move upward soon. |
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I disagree. Microstrategy is an example on how not to invest in the cryptospace. The investment holds 129,699 coins with an average price of $30,664. This is a loss of $1 billion on an asset that has pumped 4x since March 2020.
Until they sell there are no loss. All BTC are in the wallet. It is safe to say that MicroStrategy is not looking at to sell their bitcoin at a price of $19k or even at $30,664. Perhaps they are looking at an x% gain of their investment before they cash it out or invest it in something else. Big boys do not lose their money but they make more from it when they invest, it's a fact. It's the small guys who are too curious and panic to make an instant decision and later regret. Many people do not understand opportunity even when it is knocking on their door. Those who understand, make big bucks out of the market and rest of the population wait for FOMO to happen!
Imaginary situation for average people who always like to watch and do nothing. At a price of: $60K. Damn! Too much, hack I should have brought when the price was $10k. If it drops to $40k I will buy all. There are no way the price will drop below. $40k. Shit it's dropping I should wait a few days. $47k. Huh! Just missed it. Let it go below $40k. $32k. Holy fuck. Bitcoin will drop more. I will wait. $20k. Thank god. I did not buy at $32k $19k. Let's wait few more days. $40k. Damn it! I will wait for the price to drop again. $100k. No no! Fuck! Bitcoin is pyramid scheme |
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Technically you are right but since Theymos didn’t provide a guide on how to this with this kind of special situation
You need to understand that Theymos wants a decentralized feedback system. He value uses' collective understanding of a system. For it, he does not enforce anything. We don't even have any official rules per se. Theymos discouraged retaliatory feedback. Counter seems a form of retaliatory. If you think anyone is not using their feedback properly or if you feel their judgement is controversy or they make wrong calls then "~" them. Leaving a counter against a red feedback or a counter against a green feedback does not change anything. Again it all depends. I am speaking my mind and how I understand the system that most are comfortable to use. Ignore the part where there are personal interest and financial motivation for many users. |
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Of course it doesn't exist. It's just that all this time we have been investing money in a pyramid, which does not bring any profit, and as a result, everyone will also lose their money  You are right that it does not exist but you are not completely right. Bitcoin does not exists in physical form. In digital form it's some numbers, digital signature. What exists is the value. Is there a market demand for it? Yes, it does. How much it is in the current dominant currency? $19,050 (current price) A car from auction for $300 or a brand new car that will cost $1.5m, both can be purchased using bitcoin. So what is your point? If your government would not set up a value for the paper money you have then how much would you value the $1? |
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For example, should we distrust TMAN because it has been offline for a long time thus hiding all the negative tags he left?
It depends. Should we trust the account when it is not active for long long time and no further contribution to the forum? I do not see such account should be in the DT system anymore. I will practice not adding him in my trust setting at all. If he become active and can prove that he is owner of the same account then I am more than happy to add him on my trust setting. |
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He will eventually drop from the DT list and his rating will become meaningless. For a while you’ll still flash red but it will eventually disappear. You shouldn’t worry about it that much. However, the fishy part here is verifying the death of this individual. Some forum users go dormant for a few years and come back later. You can’t assume that they are dead.
TMAN, no one knows what happened to him. Bruno, everyone knows he died. Lauda, left the forum. There are many users who are not with us for different causes. All cases are different. But I think it is safe to say, when anyone die and if this is confirmed then people will remove him from their trust setting since his judgement does not reflect the current value for the forum anymore. If the tag is not valid anymore, Th DT1 can exclude that particular person so that his tag will not have any weight for your trust score but if the person is not a DT then it’s feedback don’t matter anymore. Usually some DT usually counters it by neutral feedback to negate the negative feedback that already given since it unmoderated.
The trust feedback is actually not for counter feedback to each others. It used to be but now the appropriate trust feedback is to leave one when you are in business with a user. Problem still remains because some people think they are too important to the system. |
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1. Is Negative Trust irreversible?
2. At what rank can someone send a negative trust? (Newbie, member, Full, Sr, Hero or Legend)
3. How many negative trust can one send in a week, month, year or lifetime)
1. Only the user can moderate the rating they left for others however admin can always change setting. But admin usually do not involve in user cases 2. Anytime any user can send a feedback. Negative, positive, neutral all are the same privilege 3. There are no limit set for it. Unlimited. |
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Man trying to DCA with millions.  That's a seven figure number. It's fair enough for a company. For any individual a three figure is not bad at all. Imagine someone who is continuing DCA from 2017 or earlier. They also considered selling some at the peak. Again they are buying back in difference price. There will be many who has been doing it from years. MicroStrategy could be an example that it's never late in crypto. |
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What do I do now to withdraw my remaining Bitcoin?
Only they can answer it. Knowing that their customer service is not exists (they do not answer) you have no way to know too. which they should have no absolutely no right to do People like me and you can not change anything. It's unfortunate. I'm now reluctant to buy more Bitcoin from these shysters (who haven't changed their antics one bit since they went public). The reputation for Coinbase is not up to good at all. Several times they shared customers' data to third party and they tried to justified it as okay for them. Next time try to avoid these thieves. |
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It was down again for the last few minutes. I was about to make a post but then noticed the server is down. It stayed few minutes before going back to normal.
Mention: This time it was not cloudflare but it seemed to me the hosting was down for few minutes.
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they got caught a few months ago and arrested and the courts shown how the investigators followed the money even via the XMR exchanges.
Nothing is safe. When any coin hits an exchange, from the deposit data the exchange knows who own the coin. I wonder if the exchange they used had KYC requirement. I think privacy is a human right so idk if this is the right place for this topic but I wanna spread the word on how to remove the all seeing eye of Sauron and its 3 letter alphabet mafia gang friends from seeing your crypto transactions.
It's very easy in theory but it's very hard in practice. Coinjoins are safer then anything else. People may say centralized mixers are safe but we really do not know what they do with your data. |
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Do you think as a bounty manager or campaign manager, KYC will be better?
Pay them real money or at least by existing established coin, there will be many who will join campaign without hesitating for KYC. But when you are paying them with worthless tokens, asking for KYC is too much. I will not be surprised if you get less than 1% of the hunters that usually a campaign receives. Bounty team are looking for free marketing. They do not care who is alt and who is real. As long as the keyword typed and spreading around the internet, they are happy. |
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Today, Bitcoin is here to change the financial system, it is here to take financial/monetary power away from the governments, away from the banks, away from so called financial authorities, bitcoin is here to take financial/monetary power away from all this entities, and give the power back to those it really belongs to, but still alot of people are refusing to accept it, even at the detriment of their future, the Chinese government are at the forefront of the war against Bitcoin, and some foolish people are blindly following them.
By nature people are trained to follow. You will have a leader or a group of powerful people who will make rules for society and the rest will follow it. This is how human were trained from the ancient time. The powerful people always took advantage from it. Unfortunately people know it but still they are just too afraid to make their own way. Democracy was never there. The only example of democracy is bitcoin. If the internet faced challenges in its early days but today, it's a success, give your reason why you think bitcoin can not succeed even far better than the internet.
The post man never liked email. Internet was a bubble. Obviously now it's bankers time. It's all propaganda from the groups who will lose their power. |
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Damn, you're probably one of the first I know of who started so recently, and actually got something great out of it, well done to you, fair play!
Not fair played but I will say nailed it. It was impressive from ImThour! You are making exact peak and bottom. Most of us don't. Personally when I sell to cash some coin, I find price moves further up after I sell my coin and when I buy then price moves further down LOL. I don't mind it when I buy because I am always in DCA mood but when I need huge cash and after selling I feel disappointed. It happens to me all the time. True, people are just posting anything
Some of them are still continuing 🤣 |
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1. A gambler should gambling as an entertainment, not as a way to make money or the earning source of money.
Unfortunately, not many do it. Mostly people gamble to make money. It starts with fun but when they lose and start chasing the loss then thing get wrong. I know people lose everything because of their gambling addiction. 4. It is more important to read the terms and conditions carefully other wise everything will be invalid.
No use, ultimately these terms and conditions protect the house. You have no advantage from it doesn't matter how favorable it sounds to you. I used to be gambling addict. It was hard to get back to my normal life but I am glad I did. I remember all my weekly wages used to spend to bookies with the hope that I will recover my lose from this round. I was almost broke at some point. |
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OP was sharing his experience of starting with bitcoin 🤣 How did yours begin?
Long story short, I worked for bitcoin. Also I had DCA plan since long time. In addition I fall in love with bitcoin. Understand the benefit of having a decentralized financial system, bitcoin will be easier for you. Consider it as the future of economy, it's not just an investment. |
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