90- Darker45

Please and thank you!

You're badly out of context, sir. I didn't say I'm sure that there will be no third world war. On the contrary, I'm sure that there will be a third world war. I even think I'm still alive by the time it happens.

I've seen Putin's madness, although not in real life. I've seen the mass graves. I've seen newly-born children taken out of a bombed hospital. I've seen an old man shot dead when he went out to buy potatoes. I've seen the car with the driver inside intentionally ran over by a tank. I've seen destroyed homes, schools, churches, and others. And I've also seen the apathy of other powerful countries.

But I don't think the world would go to war because of organic farming.

90- Darker45

Please and thank you!

30- Darker45

Please and thank you!

That's right. I've also observed that myself. Rather than safely keep them with their private keys, they sent them in all kinds of centralized sites and fake decentralized finance platforms and fake decentralized exchanges. They invested them in gambling sites, lending platforms, liquidity pools, and so forth. I mean, many must have also profited from it, but things could go wrong anytime. Crypto's history doesn't fall short of all kinds of events that should serve as warnings.

I don't know, perhaps some are really in a hurry to get rich. Or perhaps they're simply greedy.

The problem with some is that they simply can't wait. They simply can't just patiently wait. It seems a lot simply cannot relax. They cannot stay put. They're antsy with their Bitcoin. They have ants in their pants!

How many times have we read posts asking how they could earn from their Bitcoin? How many times have we heard people saying they'd rather invest their Bitcoin and earn a little than just HODL it and earn nothing?

A lot are saying they want to make the most of their Bitcoin. They just can't let it sleep in their cold storage. They'd rather stake or lend them because they're not spending them anyway; they're keeping them long-term anyway.

I hope people will finally learn from this!

Everyone of us are facing the same bears right now. All our portfolios' values are falling. If we compare them several months ago, we're indeed having a huge loss. But I actually don't mind this kind of loss. This isn't permanent, after all. I know very well that this will pass. I am a hundred percent sure that the good times will be back sooner or later. So I'm not at all depressed or disappointed or whatever.

Some are saying that in times like this we're led back to the fundamentals and the technology and away from the price. But, to be honest, even if we focus on the price right now, there's really not a big problem. My optimism is not at all lessened. Even if Bitcoin falls all the way to $1,000, I'm sure it is still nearer to $100,000 than 0.

I guess it depends on the amount of loan and your capacity to pay for it even if your investment doesn't give you a return in a year or two.

I know a lot of people who take advantage of loans because they're offered with low interest rates. Some are also taking loans just to increase their borrowing limit. And many of them take these loans just to buy luxurious stuff which are otherwise unnecessary like the latest iPhone. They go shopping. They travel. They go abroad and watch concerts and play in casinos. In other words, they are taking loans and squander them. So if people can do this, why can't you take a loan and invest? But, again, for as long as you're capable of paying it.

65- Darker45

Please and thank you!

And this latest dip right now is a little more interesting because it has finally invalidated the argument that regardless of when you purchased your Bitcoin or how much you bought it, you only need to HODL for at least 4 years and you are guaranteed of profit. It has now been effectively broken.

I wasn't really expecting the price to go down this low, but I'm not disappointed. I guess I'm a little sad, though. But of course everybody knows Bitcoin will always come out of every bear season not only alive but stronger.

First, could Bitcoin cease to exist? I don't think so. Even in the imaginary situation that Bitcoin's price goes to zero and all the nodes went offline and all miners ceased to operate, it doesn't necessarily mean that Bitcoin is dead or that it already ceased to exist. It could remain like that for decades and somebody could revive it anytime and all the data and Bitcoin are still there.

But it doesn't have anything to do with this forum. The forum continues to function. After all, its operation is not in any way dependent to the network. But the question is, would there still be anybody who wishes to discuss about Bitcoin when the price is already zero and the network is stagnant? But again, the forum's functions could go on. Discussions could be focused on something else.

A reasonable amount of regulation will do. In general, I am in favor of crypto regulation. If it's only Bitcoin, I guess it could be left untouched by the government. But the larger crypto market is more complicated. It is full of risk. It is full of scam. Security is questionable. They have to be regulated. They simply can't be left unchecked.


Probably not all. If crypto is within their risk appetite, why stop them? But it will always have to be moderate, perhaps just for the sake of diversification. But age also matters. Bitcoin investment might take years before it assures investors of a return.


Regulated, of course. Look at all those failed ICOs after raising billions, hacked DeFi projects, exit scams, Luna 5.0, and so on. You can't just allow them freely roaming around looking for innocent victims.

This is nothing new. I'm referring to Bitcoin or crypto bulls predicting an economic collapse or criticizing government financial, monetary, and economic steps. This has been going on all the time. In a way, they're already a broken record.

The issue here is that their analyses could hardly be construed as objective because they are naturally biased against fiat, central banks, governments to a certain extent, the current economic model, and so on. One set of economists think that there is a need to print more money, implement QE and stimulus and relief, raise debt ceiling, and then increase inflation rate beyond normal, lift interest rates, and so on. Another group, which probably includes Novogratz, is against every single one of them.


Unfortunately, production and manufacturing are largely driven by consumerism. They all belong to the same equation. You remove consumerism, a large part of production and manufacturing will crumble.

It is possible. It used to be just possible, but at this very moment it is becoming possible by the minute. The price right now is just a little above $20,000. Any minute from now, it could fall down from it. It's only a few hundreds that's holding this $20,000.

But, again, there's really nothing to worry about. To those who've been HODLing up to this point, there is really no point selling. To those who are afraid of buying, it will probably just take months before you look back and realize that it's a good decision.

Not really. I don't know. Perhaps if you're that convinced of Bitcoin, you don't really believe that you're gonna lose, that is, despite the most severe of bear markets. Or it just seems to me that the more you believe in Bitcoin and lose trust in fiat, the more you take the risk. And that which you can afford to lose grows higher and higher that even if you're 90% invested in Bitcoin, it seems you can afford to lose it because it's Bitcoin, and you somehow feel assured.

I hope I'm betting on the right thing, though. But to those who've been through 2018 and survived, what's happening right now is nothing worrying.

LOL! But, well, it could happen. But it now depends on whether people in the crypto space would get enlightened or not. Justin Sun is a scheming young man who will remain who he is. He does what he does best. He will continue with his money-making business. He is good in building up hype around his projects. It's just up to the people whether they've learned from history or not. Justin Sun will always prey upon the innocent. But I admit he is better than Do Kwon. CZ must be a good mentor.

Most especially these days when even the largest exchanges like Coinbase and Crypto.com are going through hard times, it is really more urgent to not leave funds on exchanges. The risk has gone a lot higher. Even Binance itself had to halt Bitcoin withdrawals due to a large volume of transactions that are stuck. There's an exchange run happening. Things don't look good, now more than ever. Not your keys, not your coins is most relevant today.

It is always the human factor. The bottom line of Bitcoin's price fluctuations is always the people, their decision to sell, buy, or HODL.

Sometimes I don't understand why the demand is so weak when the mainstream currency is much weaker. I understand that a lot of people are in need of cash right now but I doubt this is the single biggest factor that drove all these dips. It must be emotion that is driving all this. And perhaps failure to understand the technology.

Of course there all kinds of talks about regulations and taxes and bans, but those have been in existence for a long time. As a matter of fact, the governments' enmity against Bitcoin is at its highest years ago.

I mean, we only need 19 million out of 8 billion people around the world to own a single Bitcoin and this bear market is all over. And this is very possible despite Bitcoin's lack of use in everyday life. People only need to realize the madness about fiat and Bitcoin becomes the thing.

Although kind of overused, that invest only what you can afford to lose is probably not being observed by a lot of Bitcoin supporters. But how much is that which a man could afford to lose? If half of somebody's wealth is into Bitcoin, could he/she afford to lose that? I don't think so. If a quarter? Still not.

I myself is heavily invested in Bitcoin and in the highly unlikely event that Bitcoin goes to zero, the first thing that I'd be doing is to update my CV and look for a job. And I guess there are a lot of people who have also gone into the rabbit hole too deep. But who can blame us? Fiat has been rampant with abuse.

I guess this advice is perfect to newbies, to those who have not cast the die yet, to those who are still emotionally affected by bear markets and dips. But there are some who have crossed the Rubicon and it's either a million or zero for them.

I have placed many bets with low odds before, although that's not really my thing. I normally consider placing ML bets on very low odds not worth it. It isn't worth the risk; those odds as low as 1.10 and below. Not to mention that you need to place a bigger bet in order to make a small gain. That's why I was attracted to make multi-bets before to make sense on very low odds. But I remember that many of my parlay bets with very low odds lost. And the funny thing is that in a number of them, only one lost and that's the bet with the lowest odds, the one which could be considered as sure win.

I agree with your new strategy. If we do away with analysis and just place bets blindly, I think you'd make more gain placing bets on huge underdogs than on those big favorites.