Pretty much all the unsolicited messages are spam and scam, they are not worth even reading, and sometimes even opening them could get you hacked if there's a severe vulnerability in an app. Better configure the settings to disable messages from people who are not on your contact list. No one ever became rich by responding to money making offers lol.
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Lightning Network is not as frequently discussed as it was before because it's development is really-really slow. According to the developers it's not yet ready for production so it's not officially released, and we shouldn't entrust our hard-earned money to beta software that can have serious bugs. Who knows how many more years it will take to polish LN or if it will ever be fully stable? That's why the public is losing interest and focuses on Bitcoin as an investment and store of value.
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By cashing out you mean settling down to live in that country? A few million dollars doesn't really sound like a lot with the current costs of living in Western countries. I would look into Eastern Europe and a great compromise between costs of living and comfort/security/development. So countries like Poland, Czechia, Slovakia, Baltic countries. I don't think you need to look specifically for a "crypto-friendly" country if you plan to cash out your coins - all you need is one bank that won't have problem with a large deposit coming from a crypto exchange.
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It sounds like a made-up story to attract suckers into giving money to scammers, but even if the story is legit and it's all not a scam, you shouldn't immediately rush to invest and instead ask yourself is this success can be replicated and what conditions led to this success.
A lot of people invest in crypto because they hear about a person who made a lot of money with it, but they fail to learn anything valuable about crypto and instead lose their investments to scams and market crashes.
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Fees don't drive the price, it's the price movements that drives the fees up. When the price rapidly changes, there are lots of arbitrage opportunities because the price might differ a lot between exchanges, and bots/traders capitalize on that. Also those who store coins in self-custody are making on-chain transactions when they trade, and they are ready to pay high fees for that. If a trader moves five or six figures worth of coins, $5 or $20 fee is nothing.
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With cryptocurrency everybody can access to endless liquity and finances and that's nice the average person without education or even financial background can earn money here without rigged rules or restrictions.
That's not true, no one is giving anybody any crypto loans without an equal collateral, which is kinda pointless for most cases when you need a capital. The only ones who are getting access to capital are the ICO scammers who promise fools to build the next big thing. But you can't raise any money if you want to create a legitimate business in crypto.
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Why do we spam Does it matter at all? The more important question for me is "why do most forum members not respond to spam?" If everyone were to report at least 5 posts they consider spam every day, it would quickly become clear to most spammers that such a method of communication is not worth it. Mods rarely if ever delete one-liners, posts that add nothing to the conversation or posts with grammar so poor that they are incomprehensible. So many users have given up on reporting anything that is not advertisement spam with links or completely off-topic. And you are right, the motivation behind spam doesn't matter, because we can't change it. Strict moderation is the only solution - those who would get banned once or twice would be more careful or would just leave the forum.
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Indicators like that serve as a reference until they stop working. Just because it has happened twice does not mean that it will happen indefinitely in the future. There will be a time when for people having the Coinbase app will be like having a bank app on their phone, and they won't need to download it. Maybe it will even come installed by default in the future when you buy a new phone.
So I give it limited importance as an indicator.
But we don't live in that future, we live in the present where Bitcoin adoption is still very low, it's owned by 1-10% of the population depending on the country, and unless there will be a sudden exponential growth in adoption or Coinbase falls from grace, this could still be an indicator for a long time. You just shouldn't use it as the only indicator and instead use it together with many others to analyze this market.
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So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?
There are futures contracts that allow you to buy or sell Bitcoin at a specific time in the future at a specific price - but those are done through centralized platforms so you can't really own Bitcoin in your wallet that will somehow will never change its price. There are stablecoins for that - coins that are always worth $1 or at least promise to do so, but they are also more centralized when compared to Bitcoin.
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but we should also see that many of big investors, institutional investors, even pension fund are investing heavily in bitcoin that I think it will be the cause of stabilization of volatilty of bitcoin in the future.
If they just buy and hold Bitcoin, it won't increase stability, because speculators will still control the price. To have lower volatility we need more traders that will create more market depth - they should put buy and sell orders so that moving the price by 5% or 10% would require billions of dollars. Another thing that we should look at is high leverage trading and derivatives - it could be that it is creating volatility on the spot market by influencing them.
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Why do DCA just before the halvening? If the new cycle will be like the previous cycles, there's a high chance these are the last weeks/months when Bitcoin is at $40k and it will never drop this low again. Why not buy the amount you are comfortable with today, and DCA some other investment like your savings account?
DCA is just an advice that newbies give to each other without thinking too much.
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Easily Mr. Bob because DCA is bad in the bull run as you will be buying less and less coins as the price is growing, while buying all the coins early is maximizing the profit. And buying half of a portfolio of literally random altcoins will surely be a loss. Buying hand-picked set of hyped altcoins is a better idea, but it's a very high risk investment, and you not only need to pick the "winners", but also sell at the right time. Buying BTC alone is much simpler and is quite effective if you can play the bull run right.
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I doubt that more liquidity can fix Bitcoin's volatility, because Bitcoin's volatility comes from the lack of fundamentals that are easy to calculate. Bitcoin's value is just a guess, a feeling, that's why it changes so often. If a stock of some company randomly jumped or crashed by 30%, a lot of market players would take the opportunity to counter such irrational movement. But with Bitcoin no one really knows if it's oversold or overbought.
So higher liquidity doesn't change much, it would just mean more players playing the guessing game.
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My personal mistake that I made during the previous two bull runs was not selling enough coins. When the price was at ATH, I was thinking that there's still a lot of fuel in the tank and the price will peak much higher. And when the ATH crashed, I though it's just a correction until the price fell so low that I decided to just HODL and wait for the next bull run.
If this bull run will play out as the previous ones, it's better to start selling some time after the price surpasses the previous ATH, and then buy back deep into the bear market.
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No body is above the law, an this forum demonstrate that to the greatest effect that I have ever experience.
A few years ago there was a guy with a lot alt accounts who defrauded a signature campaign by enrolling all the alts. He managed to make a lot of money before getting caught, probably thousands of dollars worth of BTC per month. He only got caught because he reused the same Bitcoin address and someone vigilant enough spotted it. Now imagine how many such violations have gone under the radar. There's no such thing as perfect order, but this forum is doing decent job at trying to keep it clean.
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He can just put his money into an investment that doesn't allow early withdrawals like a bank deposit or a pension fund. Or he can entrust his money to a very close person who is very responsible with money, if such person exists.
Perhaps he should also try psychotherapy, because his lifestyle could come from some psychological problems rather than just lack of discipline.
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Bitcoin is not a solution to financial problems, and investing in general is not a solution too - it's a way to preserve and increase the existing wealth. Bitcoin's volatility is a huge problem for poor investors - they can't risk sitting on an unrealized loss, because they might have to take it.
Imagine a situation where you put your hard-earned money into Bitcoin, and see a nice profit, maybe doubling your money in one year - but then you start believing in hype about reaching $300k or $1M and you refuse to sell your coins - and one day the price reaches ATH and crashes, the market turns bearish but you still hope to see $1M and refuse to sell, even when the price falls below your entry point. Now you have to wait for years to even break even, and if during these years you'll have a medical emergency or any other unexpected situation that requires you to tap into your savings - you will have to sell your coins at a loss.
So think carefully before investing your hard-earned money and plan for all possible outcomes and not just the good outcomes where you get rich quick.
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Never listen to what these altcoin bros are saying, their job is to sell their useless tokens to suckers, that's it. They will paint utopian pictures of the future where their shitcoin is used by billions and changes the world, but the reality is always the same - the shitcoin crashes to the ground, never recovers, gets abandoned by everyone while the bagholders lose big.
He is technically correct that if Bitcoin suddenly dies, the value of the "industry" won't immediately go to zero. It will "only" lose 90% of the valuation and will slowly agonize while these crypto bros will try to convince people that blockchain technology is working while providing zero actual use cases.
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Rich people buy citizenships of jurisdictions that provide them with certain benefits like low taxes or non-extradiction. El Salvador doesn't strike me as a particularly stable and reliable country. Yes, today they have a pro-Bitcoin government, but tomorrow that can change. The whole South American region is well-known for leftist revolutions and governments that replace more right-wing ones, it's quite possible that the same will some day happen with El Salvador.
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I'm afraid some people might be right that there's a conspiracy going on (BlackRock might be trying to flood the network before ETF's approval with ORDI/NFTs raising the fees to absurd levels).
What do they gain from raising the fees? I think a simple explanation is that people are paying fees for ordinals and such because they either hope to make profitable trades, or because they are rich crypto investors who can afford to burn money on collectibles. And I doubt that nfts can drive the fees up to $1,000 but they can certainly drive it to $5-40 for short periods of time, and that's already highly annoying. We talk so much about Bitcoin helping the economies of poor countries and banking the unbanked, well good luck convincing them that they have to pay their daily salary for a single transaction fee.
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