I believe that it will definitely be over 5k but that's about, I am not imagining ethereum going up insanely high, I can see it go up, but I can't see it go up insanely high.

It means that we are definitely going to survive this bear or bull shocking period where it goes up and down constantly and go into a full bull mode and go over 5k that part I am sure, but I do not think that it will go over 10k or something like that, it is really too high for right now. Obviously we all know it will be over 10k one day, we just don't know when that day will be.

Interestingly ethereum is getting scarily close to bitcoin as well, that is the real thing that shocks me, we are way too close, probably closer than it has ever been right?

I am not entirely sure if I am understanding this correctly or not, maybe it is just me and I would like it if someone explains to me what the problem is all about. I personally thought that this was given as an option to people who live there, if it is an option then why are they going against it? If you are a retired person who doesn't want anything to do with bitcoin then all you have to do is ignore it? I mean if it is just an option then do not pick that option. Don't they have their own currency as well?

Also do not get me started on volatility, it usually goes up and it made everyone a lot of money if they stand here and not sell their coins whereas the fiat currency in every nation dropped in value by a large margin, so it is a good thing even for a retired person, they would have been richer. If it is just an option then why are they not ignoring it, could someone explain that to me please?

Nothing can "make" them return the money. This guy may have done it, but he wasn't "made" to give it back, he gave it back because he wants to. I mean if I have 600 million dollars in my account, no matter how dangerous it is to cash that out, I would figure out a way, hell I would deal with mafia or other illegal people and find a way to still do that, as long as I can keep that money as it is, that alone itself is a big deal, if I am a bad hacker who wants to keep the money, I can find any way possible.

However at the end of the day this was a good person who gave it back, even if you catch a bad one, they will go to jail knowing that they have 600 million dollars, I would go to jail for the rest of my life if it means I will have 600 million dollars, at least my family would live a great life somewhere they can't be found. This is why nobody can be forced to give it back, only good people would do that.

When it really doesn't fall down at all and keeps going up. You could always understand it from that. When pancake first started there were no bad period, it was around 2 dollars for a very long time but it never sucked, it kept going and going and going and eventually we know how defi world changed the crypto world.

Now, axie is the same, back when it first started it didn't suck, it wasn't horrible, it was the same thing that you could have imagined, and it just grew and grew. So, how you could understand? List all the brand new things, then keep on checking them once a week, if for a while it doesn't go down then that one deserves a bit of money, like let's say for 2 months it didn't drop? Buy a bit of it, then after 4 months it didn't drop? Buy a lot more. That is the type of thing I do and 50% of the time that works, I have seen things that drop after years too so it is not always correct.

I could had 65 million dollars if I kept every single crypto that I made, not touch a single crypto ever, keep them all and today I would have 65 million dollars (well it was 65 million when bitcoin was 60k but you got the gist of it).

I feel zero regret about it, I needed the money and I spent it, it is my salary, I get that and then I go out and live and pay my bills and buy food with it. That is what normal people do and I believe that I will keep doing that for a long time as well, I do not care about how much it will grow because I need to eat. Don't get me wrong I wish I could have kept them all, but just because it grew to be a huge number doesn't mean that I had any other choice, I had to sell them so that I could live. I am in crypto, I have some crypto, I am doing fine and it changed my life and I am a freelancer now, that's all I needed to be happy anyway.

What you are forgetting while calculating is the fact that the global wealth is growing every year, just recently USA government gave 3.2 trillion dollars pump into the stock market, so each year there will be more and more growth and that means eventually one day we are going to stop talking in trillions and start talking in quadrillions and at that moment bitcoin being super high is not a shock.

I am not saying that it will be hundreds of millions of dollars, but a million dollars in bitcoin looks like it's given, it is obvious, there is no way it will not happen, it WILL happen but we just don't know when. And after that it is just time that we need for it to reach 10 million and then 20 million then even more. These are not things that are "unknown if it will happen", these are things that will happen for sure, we just don't know when it will happen.

Honestly looking like it really is. With the drop that we are seeing right now, we could easily say that it is definitely a resistance point, whenever we get near it, or get over it, there is a drop and looking like how the market is all red today, we could say that it is a bad day, not a lot it is just like 1% which could go up in an hour, but that doesn't mean that it was a good day. Hence I believe that 50k is definitely a resistance point.

However I do not see it as a problem, bitcoin faces resistance levels all the time and we end up breaking over it very easily, which means that we will go over 50k as well. I do not know when that will happen, but I know that 50k+ is a given and it will happen, 60k+ as well and even more, we know that it will happen and only thing we do not know about is when that will happen which is the big deal.

I believe that NFT gaming could grow a lot bigger, so far everyone fails aside from axie, axie is doing something marvelous, people still keep getting paid a ton of money from axie and that is a big deal, and that means eventually there will be a moment where some other game will come out and people will love it as well. I do not know when it will happen, I do not know how it will happen but I know that there will be a game that is at least as successful as axie and probably even more.

This could happen during September, axie was not done by really great people, don't get me wrong it is entertaining and all but graphics are just few blips and gameplay is picking cards, I am 100% sure that there will be a real game, like a real game that everyone falls in love with instead of this weird blip things, and in that moment we will see billions upon billions of dollars go into it.

Honestly I wouldn't suggest people who are not making any profit from real life to end up in the digital world to risk their money, that just doesn't make sense at all. There are other methods in crypto world where they can make money, from bounties to jobs to participating in marketing efforts, and gaming now, there are so many different ways that you could make money, I do not feel like I could actually suggest youth who are unemployed to make that kind of risk and trade their low amount of money, earning it would be awesome.

Crypto is filled with job opportunities, I could find 5 different possible money earning systems in crypto right now if I wanted to, and that is sort of what I did, full time worker in crypto world for the past 5 years or so, and never spent a dime to make money. This is why I suggest everyone to keep it less risky and earn it instead of trading it.

There are times that I really want to, I really do not like to work too hard on too many different things. I already have a job, and I like my job, it is a great job, BUT the thing is when you love your job then you work hard on it, because it doesn't feel like a task but a hobby, however when you work hard on something like that, then you usually do not have any energy left to do anything else.

Sometimes I just want to go to my living room, open netflix and watch friends over and over and over again, just so I could relax a bit. I know that doesn't sound like a life, I know that I should have fun time to time but trading is not fun for me, it is a challenge and a task that could yield me some profit or maybe even make me lose money. So there are days when I feel like why would I want to get tired so much after work just to lose money? Hence I just stop doing it completely until I feel fine again in some other day.

Peter Schiff has been supporting gold probably even longer than bitcoin has existed, so it is not a shock to anyone that dude will not like bitcoin, it is in his nature because bitcoin is the biggest competition to gold right now. Bitcoin will not replace fiat, but it is definitely replacing gold as we speak. Sure there will be people who will buy gold chains or use gold to make chips and so forth but aside from that when bitcoin reaches to a certain point where it is the main store of value, gold will not be bought to store value anymore and that is a threat to gold that people who are heavily invested into gold like Peter could handle.

Hence they attack bitcoin, but that is a great thing because the longer they talk about bitcoin the more people bitcoin is reaching, they are helping with the marketing, when he said it was bad for the first time price was little, now it is huge, even his supporters are seeing that.

Banks do not have any power over you at all unless there are laws, laws that protect their fiat currency when they loan you. So, if you take a loan, and do not pay it, what happens? Bank seizes your stuff and come in with couple cops and take your stuff and sell them to pay off your debt right?

Well, why shouldn't that be the same for crypto? If banks are given the right to loan crypto to people, and if you do not pay your crypto loan back, then there should be laws that will allow banks to come in and seize your things and do the same thing they do with fiat. It is not about lending not being easy in crypto, if you loan to someone you do not know then you will not be able to do anything, however if there are laws and the laws back you up then you can loan to anyone you want and if they fail then you take their stuff, just like how it is in fiat world.

I would say that margin adjustment is a lot better if it is what I mean it is. I do DCA all the time and that means if something falls then we are going to make a lot of money from it by just ignoring it and buying more when it falls even more. I do not care if it falls because usually the coins that I own are not coins that will suck in the future.

What I believe will happen is that most of the coins will not break over their ATH all that frequently, it sometimes takes years for it to happen, there are still tons of coins from top 20 in the 2017 peak time, that are no longer in top 20 now and they failed to break their ATH as well, however if you did DCA properly then you will be in profit and that is why I prefer to do DCA and buy more when it falls down to get my problem go away a lot faster.

I would guess dollar is suitable for money laundering, is it not? Everyone is acting as if money laundering on a bitcointalk forum is a big hush hush but the reality is that money laundering was a thing way  before bitcoin was even an idea, I am pretty sure money laundering was a thing even before satoshi was born let alone bitcoin.

We had so many criminals in history that ended up buying legit business', the cafes around the corner, the pizza shop, the jewelry down the street and all that with their first legit money, and then they made it look like those business' were booming, making so much money, at one point Pablo escobar just used a taxi company to show millions in profit. So long story short, bitcoin is not for money laundering, crypto as a whole is not for money laundering, it is dollars and other fiat currencies that people use for money laundering and have been for over a century.

I believe that it is really depending on the new people that come in, there are some that would be awesome to crypto world, remember not all these coins existed on the first day of bitcoin, ethereum was created by someone who saw bitcoin and wanted to do a better job, and they are constantly trying to improve it, you may like it  or not but you have to accept that they work hard to get it.

Moreover, there are people who will not do any good but to scam others as well, there weren't any scammers on the first day, but eventually that number grew bigger as well. So, for every person who will make the next ETH type of coin, there will be a guy who will scam you out of a lot of money as well. Which is why not all new members are fun, not all of them are terrible, there are some that will make crypto world better and there are some who will make it worse.

I do not think that anyone would be easily picking a gem in 1000+ horrible new projects this easily and offer us the chance to get in very early. We do not know what will be a gem before it becomes a gem, there are so many projects right now that will release in the next 3 months and we have no idea if they will be a gem or not until after 6th month of release, some of them will be nearly zero, most of them will be like that, some of them will just go down a bit, and some of them will be gems, and it will be very few.

This is why do not believe a person who says that the token they are shilling is a gem, because they can't know, you can't know, I can't know if it is a gem, it will only turn out to be a gem or not after it goes up, and before that it is only an assumption and we do not know if this guess is correct or not, it could be as correct as it is wrong.

Well, I used to have one which is "if it dropped 50% in the last month, buy it" and that worked out a treat for a lot of the time, because usually things that go down that much ends up going up a lot, and the recent down and up shows that it is a proof of that.

However recently I realized that I do not have too much money to really care about what is going on with the prices, so whenever I get a little bit of money, I just put it on my portfolio and that's it, I don't care where the price is because I am a long term investor and will sell 10+ years later, so that means the 28k to 50k price point difference will be very unimportant in the long run, it could be very important if you invest a lot, but I do not invest a lot and that is why I think that it is quite important not to judge the price right now and just keep on buying as much as I can afford to.

The reason for that is the fact that you could put in 100 bucks and get out with 100k, or even a million dollars. Of course not in a trade (or maybe that is even possible? I don't know) but it is quite easy to do that if you are right at all times on which direction it will go and you just need to be right for a while. I have seen so many of my friends make like 7x profit on just 2k increase on bitcoin price, 2k increase on bitcoin price is basically nothing, and they had 1k invested and got out 7k, and I have seen around this level of profit many times as well, not just once.

You can never make this kind of profit ever in the crypto spot trading world. However the difference is that I have seen them lose the entire 1k as well, and I have seen that happen a lot more frequently. This is why I believe that we should not be doing it if we are newbies or do not have enough funds.

It is not easy to become a trader, that is the number one thing that everyone should realize, we are talking about a very tough business and you would really need to end up being online almost every day at all times and get ready for it at all times as well, like even when you are sleeping, you should leave the situation in a way that you will not lose much until you wake up, and then when you wake up every day is a big stress because you are a trader and there are things you can't do, like price going down is not something you can prevent, but you can prevent losing too much money with those kinds of things.

So, I would say that knowing that traders job is a hard one and not an easy one and you may end up earning money but also end up losing a lot time to time, all that stress and anxiety is number one thing. If you are ready for that, then you can start, but believe me you may quit half way because of all the stress.

Every single nation on earth that do not have a big company (and preferably few more) that sells billions of dollars worth of product to other nations will be facing this crisis. It could be today, it could be next year, it could be in a decade but it will happen.

All those USA, UK, Germany and alike nations that have companies that sells to the whole world does create a gap between those nations and nations like Pakistan. If someone from Pakistan came up with Apple (which wouldn't be big I assume like it is now) then Pakistan would be saved, just from that one company.

So, every nation needs to make sure to promote their big companies and help them grow even bigger when it comes down to going overseas, I would literally prefer if governments paid from tax payers money to these nations to open up shops all around the world so that they would bring in more money back to the nation. If you expect foreigners to come in and give you money then you will bankrupt, you need to go earn that money.