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.

Congratulations.

From what you say, I imagine that you are planning to invest for the long term. Now what you have to do is to forget about volatility, both if the price goes down as well as if it goes up, because you may be tempted to sell. Look at all the people who sold when the price went up to $10 and $100 and $1K, etc. The most profitable strategy with Bitcoin historically has been not to sell, just HODL, and although I personally believe that future returns will tend to be lower, I still believe that the most profitable will be HODL (although it is also acceptable to sell/spend small amounts when the price has risen a lot).

Looking at the figures I realize that MSTR owns more than 0.5% of the total supply. I think Saylor is on its way to buying 1%. And more. If we take into account that many were lost, that is a considerable amount to own by a single institution. If he does well, he will become one of the richest people in the world. It is not that he is now poor, but he will be among the top.

If by guarantee you mean absolute security, not only is there none at that price, there is none for anything in life, except that someday we will die.

Bitcoin could surprise us but I see it as highly likely to hit $100K next cycle if not this one. Failure to do so would mean that the Bitcoin price would have stagnated and would not grow and I see that as extremely unlikely because of its limited and decentralized nature, plus it is the best tool we have for storing and transferring value, especially in large quantities.

I do not agree with what you say. It is normal that there is even less talk about moon now given that the expectations for last year fell short and this year we have not started off very bullish. But I remember in the crypto winter that started in 2018, I was subscribed to some youtube channels and in the end I ended up unsubscribing because they kept talking about the price going up when it was clear that we were in a crypto winter and that until the next halving we were not going to beat ath.

And now something similar is happening. The other day I saw a video of CryptosRUs, and he was saying that despite the current price, he remains bullish etc.

So no, not all the Bitcoin moon boys have gone into hiding, they are less visible now, but there are still some.

Surely the OP is familiar in some way with the concept of fair or objective value that is applied to companies to calculate the value of shares and buy or sell accordingly. Broadly speaking, you account for the assets and liabilities of the company, taking into account some other things (like sales performance over the last 5 years, and some projections) to calculate a value that divided by all the shares of the company tells you whether to buy or sell.

But Bitcoin is essentially different in this sense, as already noted. We cannot calculate a true value with which to know if Bitcoin is overvalued or undervalued at the moment, for that there are other indicators, such as the fear and greed index and others, but for those of us who believe that the Bitcoin will play an important role in the history of mankind and therefore in the long term will rise a lot in price, Bitcoin is always undervalued.

Well, I after seeing a majority of skeptical responses I want to say that even if the bill doesn't pass, or passes and doesn't have much impact because not many people use Bitcoin in Arizona, this is very good news. Surely this year another country in South America will recognize Bitcoin as a legal tender and having a trickle of news like this means that Bitcoin has a long life left, even if some places ban it or prohibit mining it.

I had seen the OP in several threads and I could smell it was going to end up like this. Seeing that two people have red tagged him and one of them is on my trust list, I trust that the feedback left by both of them is accurate.

Also, looking at the reference thread, I see that it was when I read him there that I thought it was going to end badly.

However, such measures are not entirely new. It sounds to me that some exchanges are blacklisting bitcoins coming from mixers or crypto casinos, although I just looked it up and I can't find anything. If my memory is right, I guess more and more measures will be taken in the years to come, and the privacy space will depend a lot on people's reaction, which I don't have much confidence in, by the way.