I'm a bit skeptical with this kind of stories, because there are people who make up stories on the forums and we have no way to check if they are telling the truth or not.  I'm not saying the story is true or not, I'm just saying I have no way of knowing.

To me, what stories like this remind me of are the contrary stories, the stories of people who have been around all this time since Bitcoin was created, who bought high and sold low. Many of them are now Bitcoin haters, who after losing money decided they wanted nothing to do with Bitcoin, and are waiting for it to go to 0, as a way of confirming that they are right for not buying again.

I correct you: it was created in a decentralized way but many people use it through centralized institutions such as exchanges or custodial wallets.


I don't quite see the analogy here.



There is a probability close to 0% that he will be identified, so it is better not to speculate with counterfactuals.

I haven't used Facebook in a long time, although I still have the account. It serves for example to get in touch with people you haven't heard from for a long time. But their numbers are down:

Facebook's user numbers shrunk for the first time in its history.

Younger people use Instagram, although you can have both accounts linked.

I think the move to buy other companies like Instagram and Whatsapp is also a way to diversify in the face of the danger that in the long term Facebook will lose many users or end up disappearing.

I remember seeing somewhere some time ago that the biggest business in the world is not drugs, nor arms, nor prostitution. It is debt, considered globally: mortgages, personal loans, credit cards and all kinds of credit.

The problem today is the ease with which impulsive people, of which there are many, can get a loan in a short time from their cell phones. This has made, for example, that people who lose everything they have in the casino can ask for a loan from their mobile, have the money in their account instantly or in a short time and continue betting, to lose everything most of the time. But then comes the hangover, you have to pay back what you lost, sometimes during years.

It is best to try to avoid debt, with some exceptions, such as a mortgage to buy a house.

What you are talking about is a long-debated problem. If you lived in El Salvador, since it is legal tender there, you would not have to pay taxes for using it, regardless of price fluctuations with respect to the USD or other currencies.

In the case of most countries, as you mention, simply paying for a coffee in theory creates a taxable event, which makes it very difficult for people to spend it as a currency on a daily basis. At some point it was discussed in the USA to set a threshold below which Bitcoin transactions would not have to be declared, such as $200, but as far as I know there is no law passed on this.


Thus, it is, at least in the vast majority of countries, where Bitcoin transactions are taxed with capital gains tax.

Yes, but as I said before, what I want to emphasize is how the loss of purchasing power affects you if you use it, if you spend it to buy goods and services. I part HODL and part spend. So, I notice the loss of purchasing power when it comes to spending.

If you only HODL it is truer that 1BTC=1BTC.


Good point. It may seem silly but 1BTC≠1BTC if you have one Bitcoin with one input and the other Bitcoin with 784.

This indicates that we are in the capitulation phase. It's not the only message of this style that I've seen recently, so it's a good time to buy, when people are throwing in the towel.


Yes but there was a subsequent vote on a draft bill that seeks KYC on all transactions, among other measures, which we discussed in this thread:
    
Goodbye, privacy, goodbye, it was nice while it lasted.

Although it was a preliminary draft and the law has yet to be processed and approved, it has already begun to have an impact, as for example cryptocurrency ATMs that previously did not require KYC below certain amounts have come to require KYC for all transactions, of any amount. This has happened in several European countries.

It is not clear to me what effect this will have on the price in the medium and long term. There are institutional investors who think that more KYC will make it easier for more institutions to invest but regulations and control usually make the business worse and money flows less.

I believe that the $20k is acting as support, even though we went down to $17k and change. This price is cheap and below $20k even cheaper, so it looks like the price won't last long below $20k if we go back down.

We have had the Celsius bankruptcy filing recently and it doesn't seem to have affected the price much. I think subsequent bankruptcies that might come won't affect it much either. There would have to be catastrophic news of some other kind for us to go down to $15k or beyond.

Obviously, it's up to you to do whatever you want, but I think it is better not to do so. The only thing it's going to do is make you angry.

Those of us who changed the feedback to neutral already are not going to be affected by what is discussed here and those who maintain it are not likely to change anything based on discussions that only serve to further entrench positions and get angry.

But that's for antitrust laws, not for advertising a scam site. I doubt the OP will receive anything if the lawsuit is successful..

Good initiative but the problem I see is that the average user of this forum knows what you are saying, however there are many people who do not visit this forum who will innocently leave their funds in CEX.

Then comes the crying, when more than one leaves their life savings in an exchange or platform that goes bankrupt:

Can you give an example of a similar case of a successful class action lawsuit against google?

I am a bit skeptical about what you say, and, if what you say is true, I suppose that against Mycellium and Blockchair could also be raised.

Is it known who the 1xCrap owners are? Do they have a license? I would be surprised if with this large scale scam they have not covered their backs.

Generally agree with what you say. There are many things I don't like about the USA, but there are many people who want to emigrate to it, which indicates that there are many countries, for example in Central and South America, where they are worse off.

But on this I do not agree:


The difference between 1 million families and 70,000 families is very significant, and those 70,000 families will soon be receiving benefits of one kind or another.

As we commented in the other thread, they seem to invest a lot in advertising:


The pathetic thing about this is that if all the money and effort they put into ripping people off were put into running an honest business they would make a lot of money. The many gambling houses that operate in an honest way prove it.

I do not recommend trading in general, let alone copytrading. For a simple statistical reason: you have more than a 90% chance of losing money. It is easier and more likely to win with Buy and Hold or DCA, if we talk about premium financial assets such as Bitcoin.

When I say trading I mean day trading or making trades with a certain frequency. Another thing is to invest long term and sell partially to rebalance when we are in bull market beating ATHs or buy more aggressively at times like this.

I had seen people biased on this forum regarding Bitcoin, which is normal in a Bitcoin forum but saying that Bitcoin fixes everything reaches a lunatic point. What the OP comments is a case similar to cholesterol, where the levels for you to be prescribed statins have been lowered.

It seems, as has been commented, that it is more economically in the interest of pharmaceutical companies to have chronic patients than to cure them. But I do not rule out some solution from the private sector for this, such as Mark Cuban's project to make drugs cheaper in the USA:

From Shark Tank to Pharmaceuticals: Billionaire Mark Cuban Makes a Leap for Affordable Medicines

The USA has many bad things, such as a health care system for those who can afford it (with exceptions such as Medicare and Medicaid), exorbitant drug prices, an opioid problem, homeless people, etc.

It is usually a better place to live for someone with a high income than for someone who works at McDonald's and it also depends on where he lives, better in Nashville than in Detroit.

However, I don't know if I trust the statistics of that website very much, I think you have a confirmation bias that makes you look for data that confirms what you previously believe, like when you said that more than 1 million families went homeless in the UK in 4 months.


I saw it somewhere, but googling "number 1 country to emigrate to" the first thing that comes up is USA:

https://worldpopulationreview.com/country-rankings/immigration-by-country

Not all websites match, for example this one:

https://reachimmigration.com/en/blog/here-are-top-10-countries-to-migrate-to

But in this web where Germany, France and Holland appear in the top ten, it would be necessary to see if they consider that someone who goes from Bulgaria to Germany is "emigrating", which would be incorrect because there is free movement of people, and as for the aggregate EU that you comment the same: I hope that in the sum they do not count the people who go from Poland to Germany within the sum of emigrations.

I don't know what would have happened if what happened had not happened. Getting into thinking about that is quasi-philosophizing too, but surely it was the drop and the debate with you that led me to the conclusion, and, leaving aside what would have happened if what has happened hadn't happened, I think the argument would be equally valid if Bitcoin today was worth $0.4M as some theory predicted last year. The thing is that we could say that 1BTC ≠ 1BTC in a more positive way, because the purchasing power would have multiplied by almost 7 in less than a year.


What happens is that if we leave aside fiat shitcoins like Venezuela's, major currencies like the USD or the Euro lose purchasing power much more slowly. Like the British pound sterling, which was worth a pound of sterling silver in its origins and today is worth almost nothing in comparison but hundreds of years have passed.

This point is a quasi-philosophical discussion that I'm not going to get into.

What I wanted to emphasize with this thread is that if you use Bitcoin to buy things, you are affected by the considerable drop in purchasing power that has occurred these months, because you buy less than half as much stuff.

1BTC=1BTC can comfort you if you don't spend the Bitcoin you have to buy goods and services, but HODL it.

I think I understand from what you say that doing nothing is a lesser evil, not that the ECB is doing great.

Do you see much future for the eurozone? They are now worse off than when the sovereign debt crisis was resolved with the "whatever it takes" of Draghi, then president of the ECB, with the difference that now much more has been printed and there is galloping inflation.

I suppose the euro and the eurozone will survive but I see it more possible now than 3 years ago to end up creating a two-speed euro or something.


In reality, the number 1 country where people want to emigrate and send their children is the USA. Then we can debate whether Europe has less inequality or better healthcare for the average citizen, but the US beats Europe on that.