I do not move very quickly which allows me to take it all in. If you read all the news and get all the information and you think that you should move right away, you will miss out on some information or not realize how important another one could be and all of those will make you lose a ton of money.

However if you wait around, you will be late but you will also be more ready, at that moment if you are too late then let it be, you do not have to make trades, nobody forces you to make a trade on gunpoint, miss opportunities and profits that is not a problem compared to losing money directly. However if you are not late, and you think you got all the information and you studied it very well, at that moment you could make a trade that would allow you to profit easily.

It was obvious that ETH was created because it wanted to be something at the middle of all the crypto sphere, it is used by a lot of new stuff and they have always been welcoming as well, however they didn't imagine this much hype. We are talking about billions of dollars and that is a lot of money for people to actually go with, I am not sure if that should be something ETH is ready for, after all billions of dollars could be something you are not ready for and I would totally understand, who could guess such a big hype around defi.

But this has already happened, eth team is aware of it, and they are probably working to make it better, I do not know any of the team members so I didn't asked but you can guess nobody would say "who cares" and let it be, they are probably trying to make it better.

Well, you can actually continue to use it, there is no way they can stop you to use it because it is anon and you do not have to get caught, obviously it makes things a lot harder to buy them because you can't have a company that is legally working there that turns fiat into crypto (or vice versa) but you can still earn them by working and get them, and you can use paypal to get it into cash as well by selling to someone (or vice versa again).

So long story short, countries have to see that if they make it legal and taxed them they could make a ton of money, if they realize this believe me they will make it legal because there is one thing governments love more than anything and that is taxes, with taxes they can get more money and with more money they get more power.

The thing we should check at is not the bounty scam by the bounty hunters but the bounty scam by the people who suppose to give the bounty, these are the same people who promised a lot of money to people in exchange of something and they didn't pay up when those people ended up actually doing what was promised.

Long story short if there is a bounty reward that was promised but wasn't delivered, I highly doubt that it could ever be something alright, we have to fix that eventually and if we can do that, it would actually improve the bounty world as well. If you are a person who gives out btc or usdt and actually do end up paying, you can vet the applicants as hard as you want, you can get all the audits as you want because at that point you are ahead of many many bounty rewards.

There is a difference between "bitcoin save us" and "bitcoin save our economy" because one is possible while the other one is not possible at all.

For example, if you really think that bitcoin could change anything in the regular economy, you are very wrong, the regular economy is working exactly as planned, the people who built it and controls it uses it to enrich themselves and to be perfectly honest with you 99.999% of the people in the entire world would love to be a dictator with endless money and power and do whatever they want without question as well, humans are like that, so they would do the same as well and in order to get to a level where you are in charge of economy you have to be a sleazy bad person anyway so it will not change at all neither. But bitcoin saving you personally is possible, that is what we are trying anyway.

Considering apple is moving to India a bit, other nations trying to find manufacturing places in India, Belgium, Bangladesh, Pakistan and many more like that will eventually start to hurt China.

China already made so much money that they could just invest that into other nations and get money that way, if you own Mercedes 20% shares in china, it is still a company run in Germany but it doesn't matter anymore because 1/5 profits goes to china now, that type of logic could still help them however in the long run I feel like more and more companies will leave, they can't do it right away but over time it will happen. When that happens the results will be felt in China over long years, it will eventually hurt them a lot once again and they will stop with human right violations.

Which one is more important, to have a crippled economy or basically letting people die so that UK would continue to churn up profit for companies?

I can guarantee you that a proper government should be strong enough to actually get all the money they can from taxes from all the new income these huge corporations made, and with that money allow people to stay at home by paying them a fair amount, it wouldn't be huge amount because it would be just for survival, something like 1000 pound per month, not enough obviously but could be at least a base to work on for many people.

If they can't do that I am sorry but we are talking about not making any progress as a nation and just allowing people to die, that is unacceptable and I am not going to just agree because economists says so.

When ETH 2.0 comes I think this could be a great advice, I don't know what will happen to ETH miners, because right now there are tons of people who mine eth and I think they are making a good amount of income as well thanks to this DeFi situation as well, when that is all gone, I don't know what the next stage is for miners, they can continue to mine other coins but they are never going to find something that is both profitable but also very trustworthy as well.

This is why for staking we are getting one of the all time greats, for anything to be better we need bitcoin to become proof of stake and I think that will never happen, which is why I believe it is crucial to be part of ETH 2.0 so that you can stake them and you would basically protect your income and wealth that way.

Bitcoin, Ethereum and using USDT to trade them would be basically ideal in any type of situation. I personally do not like USDT and would use any other if I can but the places I use usually has them. Go to binance they have their own and that is trustworthy as well, binance is huge and I do not think they will let any of that go to waste over few million stable coin neither.

So, if you move money around in those three ones, you are going to end up with a lot of profit, do not get hyped and make too quick moves and lose, make calculated moves so that you know where you are getting in and where you are getting out. In a yearly move bitcoin gives possibility as much as 10x if you buy at the right bottom and sell at the right top but it is a big challenge.

For a "newbie" I could totally suggest the test places, doesn't matter which one since you are not really spending any money but if you could go to test exchange places and they will give you some fake money, like "here is 10 thousand dollars" or whatever and they will tell you to go and make trades with that, obviously you will buy and sell there with fake money but the price changes of the coins will be the real deal, so if bitcoin in real life goes from $10k to $11k you will see it changed in the test exchange as well.

This means while using fake money you will use and test real trading as well. That is the best way to start for a newbie, a real newbie, only after that if you are really good you could end up with making real trades in a real exchange of your choice.

I didn't even know that Libra was still going on. We have heard about them a lot during 2019 and they were the main talk, I remember from around march or April towards September all the talk was about Libra and even crypto prices went up a lot when they actually came out and said all the rumors were true and facebook was dealing with crypto and making their own version as well. Haven't heard from them in all of 2020 honestly, by the end of 2019 Libra was old news and people forgot about it and none in 2020 neither.

Hopefully this new appointment would make them break the news once again, it would really help out a lot to actually get rid of USDT because I do not trust them, not like I trust facebook and rather have someone else but at least I trust them more than tether.

There is a big difference between holding bitcoin (and maybe eth) and holding other coins, people should know the difference obviously. I mean if you are doing trading you could trade anything you want, anything could go up and down time to time and there is really no way to know which one will go up and which one will go down, that is how the system works and that is how it will always be.

However when we are talking about bitcoin we know that even if it falls it will eventually go up, it will never die down like other coins, any coin could go down and never recover but bitcoin will ALWAYS recover.

Trading peer-to-peer for me has always been a pain in the ass lol.
The people I do peer-to-peer trading with usually do rates that are seriously annoying and I will always be at loss after trading.

It took me long until I started to become an OG in the trading game this time around it’s really interesting and I am the one calling the rates now and making huge profits from every trades I make. This time around I sell for a rate that is very high and when I am buying I buy for a very low rate and it is really cool. When you’re still new in this you will find it hard.

Have you guys tried OTC? I mean it scares the bejeezus out of me but there are so many people who do OTC right now and that doesn't look healthy at all but so much volume as well so I don't know.

They just give btc to people they do not know and they get money to their account and you basically don't do any KYC at all, or you can meet face to face and do it in cash which is a bit less scary, you do not worry about getting your money stolen because you are in public and even though if you meet with them in a shady place you could still be robbed, if you do it in a very crowded place, the possibility if you getting robbed drops significantly.

I have never done it myself because I am very afraid but if any of you guys did it, I would like to learn about your experience.

Unfortunately there is nothing called stable in crypto, there are people who claim there is but they are all lying, there is no stable income in crypto at all. Everything goes down and up and moves hectically, there is no way anyone could ever get out of that and make a stable income. The only way I know is to have bitcoin and give it to freebitcoin so they could give you 4% return yearly and that is only stable in the bitcoin income part, not at the fiat part.

If you really want to be able to get that much income and so forth without any shock, you should try to get gold, that doesn't do too much hectic moves and will give you a decent return over long period of time, especially if you live in a nation that has fiat losing value, gold will get even more valuable there.

How could anyone think that there is a person or a group that can decide on bitcoin price. If you could find people here and convince enough people you could change the price yourself, bitcoin is decentralized and unregulated so anyone can do anything. You have the right to actually find 100's of people with a million dollars in crypto (or ready to spend on crypto) and just buy bitcoin wholesale all together, lets say 100 million dollars, and that will increase the price 1% all by itself and the ripple affect from that will make sure it goes up 5% as well and with that price you could sell OTC and not destroy the market and make a great profit.

You just made a profit from doing something with friends, obviously you have to be rich for it but you have that right. Million dollars is NOTHING in fiat world.

I believe demand and community size are not the same things at all. Community size is something about how many people follow the coin and how many of them actually participate in the chats of these project, whereas demand is how many people are actually spending money on it.

Sometimes demand is low when community is high because community is filled with people who are either afraid of investing or just do not have enough money, whereas demand means there could be few whales who buy in tens of millions of dollars while not having too much community. Look at bitcoin sv for example, owner is a very very rich liar and dude could spend tens of millions of dollars to make it stay above certain level but it doesn't have proper community behind it at all since people think it is a fake coin.

This is really not as big of an issue as people make it out to be. Oil companies hurt environment every single day, multitudes of what bitcoin does, and they get support from governments to create more energy and still hurt the world even more thanks to that, yet here we are talking about something high tech.

If you really want to make sure that world is not going worse due to need for energy source, just talk with your representatives about cutting support towards oil companies, regulate them a lot heavier, and instead give that same support towards renewable energy sources. Believe me if the world suddenly starts to only have solar and hydro and wind energy and nothing else ever (not even a single cent made from anything else) the world will be a much better place, with or without bitcoin miners.

I am trying to figure out if the people who are so much pessimistic about bitcoin could hang in the crypto world too long and how much they affect it. I mean sure there are some very downey people who keep bitcoin and they get out as soon as they get scared, but how many of them do get back in?

If you are a person who thinks that bitcoin can't be worth anything and it is going to eventually end up being zero and so forth, you should not be here at all, but every single time bitcoin falls I keep seeing people who think that bitcoin is nothing and it will be zero, like why the hell are they still here? What is the point of being so much down about bitcoin in the total? I can't figure it out but I hope that they will be gone one day and we will not have to deal with them.

Tom Lee keeps making up stuff for bitcoin prices that are totally irrelevant, dude once said bitcoin will be 15k when it was 6k (not recently, quite a while ago) and it literally turned away from 14kish levels, just didn't touch 15k and started to go back down and reached 7k by the end of the year.

I can't believe how wrong he can be at sometimes, dude is so wrong that if he told me right now that bitcoin will go to 11k I would sell my coins. I really do not believe him and trust his predictions that much, if he said it would stay around these levels or go anything around 11k-12k I would sell. Obviously he will keep saying that bitcoin will be insanely high, that is who he is, even on the worst days of bitcoin he looks at it and sees buy opportunity which is actually quite nice but not a person to follow suggestions.