What gave you a positive financial impact was not the Bitcoin, it was playing roulette with the Bitcoin and having it work out well for you. That could have happened with Bitcoin or many other things.

I prefer not to play too much with the best element we have to store and transfer value, and instead I prefer to continue accumulating little by little (although from time to time I spend small amounts, but I always keep increasing the total of my Bitcoin holdings).

I will probably feel good but not as good as if I hit a jackpot lottery or something and make $1M.

Winning the lottery would provide a buzz but my Bitcoin accumulation process is slow and boring.

Plus, you also have to think that by 2030, with real inflation (conservatively estimated) at 5-10% per year, $1M is going to buy you a lot less stuff than it does today.

Even being a millionaire today doesn't mean being as rich as it has been until very recently, you are just well off.

Don't fall for that trap.

What you are looking for does not exist, and there are only two possibilities:

1) It's a scam.
2) It's a waste of time.

If you want to get Bitcoin, look for other ways. There are many, and you can learn how in this forum.

I understand him, because when I discovered this thread I started consolidating and in one case I had a transaction stuck for about a month. I can't remember if I had RBF enabled because I was even dumber than I am now regarding technical issues. I wasn't in a hurry to consolidate but having your money in a limbo for a month is not cool.

Best solution enable RBF as it has been mentioned previously.

It's a way to represent BTC price in a log curve, useless to predict the future, for the reasons explained before.

I was thinking something similar.

This predictive model is based, like many others, on the assumption that the future is going to look like the past, just as the many predictive models that gave a minimum of $100K by 2021 did. These pattern-based predictions hold true until they fail to do so. Those of us who have been investing for many years are sick and tired of seeing it.

He's further ahead already.


That's what I was thinking. It sounds like he wants to trade Bitcoin to increase it but re-reading his life experience, I think he is going to do other things, without touching his half Bitcoin, to increase it.

OP, could you clarify this.

As I have commented in the other thread about India, this is something to be expected, which always happens, when taxes are too high. If taxes are too low it may work to raise them a bit, but politicians and their tendency to spend like there is no tomorrow makes them kill the goose that lays the golden eggs by raising taxes too much, and then these things happen, people evade them as they can, the black market is incentivized, etc.

High taxes as in this case motivate people to underreport sales in order to avoid paying them or otherwise circumvent the law. There are more than a few cases throughout history where lowering taxes has raised more money.


What governments like this one do is kill the goose that lays the golden eggs.

The topic is interesting, because in theory, in a sincere marriage where you both love each other, things like a large amount of money should not be hidden from each other. If we get more realistic, in some cases in a divorce the person you divorce becomes a complete stranger who tries to hurt you by getting the most out of you. More so in the case of celebrities. Maybe there it is justified to have a safekeeping amount in Bitcoin but the other person doesn't know about it, so they can't sue you for a part of it in the divorce.


Yes, this would be a problem. If we are talking about very large amounts, hiding them in Bitcoin without leaving a trace would be difficult.

Just boring plans: keep doing DCA. Buy, buy, buy (small amounts) rise, rinse, repeat. It only gets exciting if the price goes up a lot, in which case I will spend small amounts. Not planning anything big until I accumulate a considerable amount, which will be quite a few years from now I think, because I would like to think otherwise, but I think that the spectacular returns that Bitcoin had in the past years are going to be reduced going forward, although it will still be very profitable to buy Bitcoin.

I don't know if it has been mentioned in the thread but recently I have heard politicians and health authorities where I live say that they are going to distinguish now between patients (and deaths) due to coronavirus and those with coronavirus (usually asymptomatic). Which is to say that the statistics have been inflated.

Some time ago I already posted a debate in the Irish parliament about it in the P&S section. Someone who was admitted to a hospital without any symptoms of coronavirus and for another cause, with a positive pcr result counted as another admission due to coronavirus, and they are going to start separating that from now on, two years later.

Hi!. That's interesting. How are you accepting payments? LN? Or maybe through blockchain and don't wait for confirmation? Both?

You see, even recently I remember seeing Bulgaria on the list of countries holding Bitcoins as number one. In any case in Bulgaria they don't look like Bitcoin believers like the president of El Salvador, so it would not be surprising if they were sold.


Yes, these are a lot of questions that I too would like to see answered.

I doubt it is because of Bitcoin, or at least only because of Bitcoin. Less and less cash is being withdrawn from ATMs because more and more electronic transactions are being made, and this is a trend around the world, even if some countries still make relatively few electronic transactions.

I understand that it is a typo. He has talked about $10K, not $1K. I believe that if we have a bearish scenario the most key point would be $20K. Never in the previous cycles did the price go below the ath of the previous cycle. Breaking that barrier downward seems to me could trigger a real panic. But I highly doubt we will get to those levels, the $25K that the OP mentions already seems very low to me.

I don't see what one has to do with the other.

Apple has succeeded by selling an image of status to people who don't have it. If you earn the minimum wage working at McDonald's you can't buy a Ferrari, but you can buy an Iphone in installments to pay for two years to show off the little apple.

The charge of shipping crisis could have affected more, but the rest you mention, such as COVID or climate change has nothing to do with the desire to appear status.

I am not very knowledgeable about the particularities of these U.S. states, but as in the case of Arizona, it seems to me a double-edged sword. On the one hand, I'd rather see legislation introduced to regulate Bitcoin rather than ban it, but on the other hand, I don't know if all this is going to end up in more and more state control through KYC rules. My guess is that it will, and I don't see how there could be massive global adoption otherwise, as states are not going to let huge amounts of money escape their control.

I totally agree.


I also agree, the only thing I want to qualify is that the way the OP asks, it is clear to me that what he wants is to play roulette (aka short-term trading). We have seen more times similar questions by newbies and they are all of the same style: they would like to guess if the price is going to go up in order to buy now.

I think it must have been a moderator error. A thread created two years ago and with 27 pages on a question that should not be given much thought: doubling your capital in two months is almost like winning the lottery (unless we are talking about derisory amounts), since we would be talking about a return of 600% per annum. Apart from the fact that the OP has not logged in for a year. Let's hope he hasn't been killed, as mentioned in the OP.

It is clear to me that it should be locked and if any moderator thinks that it should remain open I would appreciate knowing why, in case there is any reason that escapes us.