The horrible part is that they are still manipulating the market. They are not even going to distribute that much all at once, they are going to "start" distributing it, meaning that they are not going to pay everyone right away and it will be just a smaller amount, over course of a long period, and would not make a big deal in the market because that type of deal will not make a big difference.

But, the reality is that we are getting lower more than what this deal would have made, just from the news of it. If it was distributed and sold, it wouldn't drop the price as much, but the news of it does. Because, it’s manipulation, mt.gox trustees are trying to manipulate it to go down, so they would spend less.

It would be quite tough to make it go down from here. All the weak hands are already gone, which leaves people who would like to short bitcoin right now and make money from it by selling their coins and make it go down. Not impossible of course but quite unlikely.

It takes a lot more money to make it go down than the amount of money required to make it go up. When that flips, people realize that they would rather make it go up than keep getting it even further down. Just to give an example, if you sell 1 billion dollars worth of bitcoin or if you buy 1 billion dollars worth of bitcoin, the % profit you could make is bigger in the up version, hence why I believe it will go up.

Isn't that the story of bitcoin? We do not know if it will go down, or if it will go up. I mean by the looks of it, we have been between 18k to 21k or so range for a long time, when it is stuck there is usually a big movement coming up for sure, it doesn't stay between two prices forever. We have no idea if it will go down big time, or if it will go up big time, but we know that it has been here for a while.

I think it hasn't been enough time to start breakout and go up, but it could possibly happen. One thing I am certain about is that it won't be something small, if it goes down then I expect at least 15k, and if it goes up then close to 30k. That is how the big moves happen.

I think it's not really about the price as much as it is about the mindset. Someone who bought at 60k could feel regret if they never bought again later on, or even sold. But someone who bought at 60k, and bought a lot from lower levels as well, would feel that they averaged it down and they would feel comfortable about it.

Someone who bought at 30k, and did not make any new purchases, will feel regret for sure, but someone who bought there and then bought some more here would not feel the same. So long story short, if you know how DCA works then you would not feel any regret no matter what, but if you do not use that method then you would be pretty upset.

Honestly, even some decent ones understand, you do not have to be an amazingly well investor to understand this. You just have to understand how the markets work, it works in cycles where it's down and up and down and up, and it keeps doing that forever.

It means when it is down, you have to buy some more and make some more profit, and when it is up, you will sell and take that profit out and wait for it to drop again. Keep repeating that and you will eventually get super rich. Imagine a person who bought at 1k, and sold at 20k, and rebought at 3k, now that person spent 1k but got nearly 7 bitcoins, then that person sold at 68k but bought at 20k, that person now has 20+ bitcoins. This time around next year, if it reaches 100k, then this guy would have turned his 1k to 2+ million dollars, all within span of 5 or so years, and that is how you build a wealth.

I think it's mainly the newbies, I mean sure it's not the biggest deal ever, but at the same time we are talking about a situation where it's going to pass and people will become better, same people who make these mistakes when they are newbies, will not make the same mistakes when they are veterans.

This is not a big trouble, if you think bitcoin is a get rich quick thing, and you make losses based on movements and get scared and sell, then you are going to get it better for sure. This is why I believe that people should not be focusing on these people, just realize that they are newbies and all will get better in the end.

Network is the thing that bitcoin is selling basically. Because, blockchain is the thing that makes bitcoin different from all other digital "money" that has been created. If it was such an easy thing, ulltima online money would be valid like this and would have big worth, but it doesn't. Because, bitcoin has blockchain and others don't. After that smaller altcoins got created and now there is a huge market after over a decade, but it doesn't mean that it would make sense for them to be as valuable as bitcoin since that was the first one.

We should believe how much bitcoin worths in price equals to how much people like the concept of blockchain backed money. In my opinion as well, price of bitcoin is important as it is an explicit measurement to know about the growth of bitcoin.

I agree that when the price is low, there are more "people" who are willing to buy, but not the amount. Think about it this way, when the price is 50k, then there will be 100 people who buy 1 billion worth, but when it is 20k there will be 1000 people buying 100 million worth. In one case, it is more people but less money, in the other case it is less people but more money.

I believe that when we are down like this, there are more people who can see how much it should worth, but since the amount is lower, the price is lower as well, hence why it’s not going up. But when it’s higher, there are less people who can afford it, and feel like there is a good case to be made about whales buying more as well, even nations and also big corporations.

Unfortunately people who are rushing into trying to make a profit will usually end up with making a loss. This is the main problem, if we end up not rushing into this, then we would not have to worry about making the money back. It's simple, you just hold the ones you have and hopefully you could buy some more at this current price, and you will eventually profit if you wait.

But, people are so impatient that they are trying to make that money back as soon as possible and that results with the greedy result where they lose even more. I have seen people go "last ditch" and do high leverages to make their money back, and as we all know, that rarely ever works.

I believe that most of the time they are "updating" it to make it better in the code part of it. Audits are a real thing, and when you create a token with a contract that doesn't pass the audit check, then it is going to be a problem. I have seen many people who did it because they found some problems with the contract.

It is simple really, if CertiK for example says that there is something wrong with it, you update it, do a new contract, and ask them to check it again, and if it is clear then you stay with that but if there is some more then you make another one and check it again. One project I worked with literally had 3 contracts because of an issue.

That short futures were a big big danger zone during that time. People did a huge leverage for shorting, but there were times when it did small upticks. It means that even though it went lower, the short positions were liquidated. I remember many times when it was under 1 dollar, getting to few cents and even lower, and it did like 1 cent higher price and liquidated all shorts and then kept going down even more.

This caused not many people to make money like you assume. Sure those people made money with some of their bets, but they lost money on some of their trades as well. Hence, it wasn't a clear money making method, it was a bit of a risky move.

This has happened to me a lot of times before. I have traded or held a lot of coins back in my day and still doing it, but when I started trading some of that, I have lost so much time to time, earned a lot as well I can't lie, so it's fine but those times when I lost, took a lot of the profit part of it back. Yes, I believe that it is very important for people to realize how important your profits are and how quickly they could go away.

Just focus on making as much money as you could, or just give up, because you can't really find anything else that would be as troublesome as the feeling of a loss for futile attempt. Just useless loss you could have avoided.

They could also accumulate for a long time without a worry and increase it whenever they want to as well. Getting like 50 million dollars, 25 million dollars or whatever wouldn't be noticed all that much, which means that we are going to see plenty of these people doing whatever they want and whenever they want. They got too much?

They could then start to make sure that they could end up making a big of a deal and create a hype and the price go up. This is why I believe that whales could manipulate the market however they and that is known, but they could stay under the radar as well which is the biggest news and the most important part of the deal.

I think I know something like this personally. I mean it is "technically" not the same because it was a factory type of stuff. I do not know what it is called in English, it is not like a huge factory, but it is like a small shop type of place, like literally size of a decent size room, like a room and not a whole factor, but things are made there, with machinery etc. And a person bought that place for bitcoin as well.

This was like a small shop that made fake jerseys basically, like a jersey place but for made up teams instead of real teams and for many kinds of sports as well, from soccer to football to baseball to hockey and so forth. That was quite surreal, love it.

This is the right approach. I know that there are many people who will constantly be against crypto and that will continue to happen for a long time. But the reality is that if you keep an eye on bitcoin at all times, then you are going to be doing much better. I know that not many people will promote it, not the famous people who are known by the world a lot, not many Elon Musk type of deals.

But this is fine, we do not need that type of people at all times, we should be able to feel proud with what we have and there is no need to do anything exceptional about this situation. As long as we are doing fine, that is fine by us and no need for big names to come.

I do not think that it's regional all that much. Look at the USA, or the UK, I know some Asian nations too, and in places like Venezuela and Turkey they have it for higher range, people who are 25 or under, and people who are 50 and over all having hard time finding jobs.

Young people because they lack experience, and older people because they can find cheaper alternatives that are 10+ years younger. Getting 40-45 year olds as high level managers, and executives, and getting 30-35 year olds as worker base. This is both cheap, and also has ab it of experience for most of them. It’s quite good business for all the companies, but ruins the nations for sure.

Honestly, not many expected it to be like this. During all of this chaos when everyone and everything looks to be going crazy and nobody knows what’s going on. It’s quite good to see them doing at least a bit decent. I have to say the best thing to do right now would be slowing down a bit, and checking what Celcius managed to do. This isn't a simple task neither, it’s a task that has happened very very well and it’s a big deal.

I know that some people who were inside probably knew it, if you are invested into it, you follow it and you would expect it. But, for people who are outside and not really aware of what’s going on inside Celcius, we gotta say it’s a big damn achievement. Certainly, a reason to get a bit of it.

I would say that even googling itself would be enough. But at the same time, you do not really need to go into too much detail to know what you need to do in order to profit, do you? You buy bitcoin from one of the places in your nation, you hold it, and eventually the price recovers and you make a profit from it, that’s about it.

I do not know why people are making a big deal out of all of this, "non-technical" is a weird thing to say when we are talking about money. Do you need to be a technical person to use fiat? Of course not, if you are not purely cash type of person, we handle all of it with digital apps on our phones and crypto is not harder.

I believe that there must be a million projects who are waiting for the bull period right now. I know some of them, they are literally just waiting for the current situation to pass and that way they would be able to get it out when the bull comes.

It is not going to be a perfect time, but it is not going to be impossible to wait neither, it is just simply waiting. They keep on improving and making it better and better and better basically. This is why I believe that we shouldn't be shocked about the fact that there aren't that many projects these days. Believe me, the moment we pass 30k there will be some, and when we pass 68k, there will be a thousand more coins for sure.

In my country, if you want to be a millionaire in our local fiat, it is like just a bit over ten thousand dollars I believe, maybe like 50k? Probably not even as much, don't know the math to be fair but it is definitely much easier. This is why I can easily say that if you move around and find the nations where you could live a lot better, for cheaper then you will be doing fine.

But, when it comes to stuff you need from other nations, that's the trouble. Like yeah you can get meat, pay bills, get a fish, get blanket, buy a couch whatever all for local purchasing power levels. But when you want PS5 or the new iphone? That's going to cost a lot.