I have better advice: understand the math behind gambling, especially the concept of expected value or mathematical expectation. Also from House Edge. Then you will realize that gambling is a sure way to lose money in the long run. You can play for entertainment and maybe in the short term you will win something, but always do it with money you don't need.

When I read the title, I thought you were asking us why it is valuable but I see that you are rather telling us why it is valuable. I don't know where you get your example from, but the only thing you are right about is the 21 million limit. It is as simple as that it is the best digital system to store and transfer value, especially in large quantities, decentralized, autonomous and resistant to censorship.

I believe that in addition to the normal panic that many retail investors feel in situations like this, there is the disillusionment that the many bullish price predictions for the past year have failed, and by far. Remember S2F, the supercycle theory etc. So, if we are in a general market downturn and we add that, it is easy to understand a massive sell-off by retail investors, who tend to do the opposite of what should be done.

The reflection of the OP is quite good, what happens is that it will have little influence on these retail investors, who are driven by emotions rather than by reason.

This is not only the psychology of Bitcoin investors, it is the psychology of retail investors in general, of the uneducated and unprofessional, which are the majority.

It is just the other way around (leaving aside other strategies such as DCA). You buy when others are afraid or there is a bloodbath, etc. Professional investors have it right. As in RE, you make money when you buy (at a cheap price).

There is one signature campaign that you could join (I'm not taking into account SCAM1xbit). Here you can follow them:

Overview of Bitcointalk Signature-Ad Campaigns [Last update: 22-Jan-22]

The WINZ.IO signature campaign had an open spot until recently. Keep a close eye in case another spots opens or another campaign starts accepting Member. You are not going to earn much but you will earn more than with faucets, and you will also gain experience. Later on, as you will be in a campaign, when you rank up it will be easier for you to start getting paid as a full member without having to apply or anything.

Don't even think of getting into the 1xbit campaign because you will be promoting a scam and you will be red tagged for it.

It is clear to those of us who have followed Saylor that he will continue to buy. Now, let's imagine that the price goes way down, that it drops below $20K or even lower. Maybe he would start to rethink his strategy, just as many of us on the forum would rethink many things. For the moment, I think everything will remain the same, even if the price drops to $20K, or even if we are all year sideways between $25K-40K, he will continue with his strategy.

But as I was saying, in the unlikely event that we were to go below the $20k price (the ath of the previous cycle), I think he would start to get nervous and so would many on the forum.

If so, you should exclude him from your trust list.

More info here:

LoyceV's Beginners guide to correct use of the Trust system.

I have seen that you have not used it (the custom trust list), just as you have not left feedbacks, and even so, there are two people who distrust you.

It is entertainment. Like the one who does crossword puzzles, or in this case more like the one who creates them. I like what he has done.

LOL. It's Merkle, not Merkel. At first glance I thought it was the former Chancellor of Germany buying mining equipment and I was like WTF?

Going to the news, I think this should be generalized. Many anti-bitcoin voices are hiding behind the energy expense to ban mining favoring PoS. This could be an excuse, as governments know they can control PoS but not PoW. But the fact is that if more and more mining is increasingly sustainable, this argument is dismantled.

Hi. Welcome to the forum! You can tells us personal details about yourself if you want but I don't recommend you giving more than you have already given us. It's okay but if you have Bitcoin and other cryptos, now or in the future, scammers may notice you and think about hacking your computer or physically robbing you.

On the other hand, I would start by reading the rules:

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

Make good use of the forum to learn and share knowledge and, above all, don't cheat.

Many of us in the forum are retail users but the point here is if the majority or a significant percentage of retail users have sold. And I believe they have. The retail users of the forum are quite different from the typical retail user who buys ATH because he thinks it will not stop going up until it reaches $1M and sells at the first dip out of FUD.

I would say that's only half true. Bitcoin is still good for getting rich if you have patience and a long term plan. Or better said, to improve your economic situation. Getting rich will depend on how we define it, your starting situation, monthly/annual investment and time.

Bitcoin it's not good for is hitting the big bucks in a short time. That has gone to the alts.


Yeah but imagine buying any shitcoin at x price and selling at a loss some months after, which is what usually happens. Or maybe even being unable to sell it. For every one who hits the jackpot there are more than 90 who lose, and more with the thousands of shitcoin out there.

I think this will have to be considered. Especially if we don't break $70K in this cycle, which would be only 3.5x the ath of the previous cycle.

Call me pessimistic if you want, but being as we are, with institutional adoption, starting state adoption in some cases, Bitcoins leaving the exchanges for a long time, hashrate at maximums, everyone with bullish predictions for last year, even former Bitcoin haters reconverted, etc. etc. etc. etc. etc.

What is clear is that it is easier for something worth $0.01 to become worth $1 than for something worth $10K to become worth $1M.

Thus, maybe the most we can expect for future cycles is a tripling of the previous ath. Maybe quadruple in some given cycle. But not to multiply the previous ath by 20 or more.

On a personal level, nothing changes for me. I have been doing DCA for years with the S&P 500 and I've been through similar bumps, if the price goes down, you keep buying and forget about it, just like if it goes up a lot. So I will continue to do the same both with the S&P and Bitcoin.

What I do think needs to be considered, especially if the price does not recover this year, are more realistic return forecasts for the future.

Edit: update from June 19, 2022 after Bitcoin price broke down to $18K.

Very nice story, but from the picture you paint, and assuming it's true what you say, I'm afraid it's going to end up with your brother selling the Bitcoin when it converts to a half-decent amount. I've seen it happen before. People want to invest but don't have a lot of money, and end up selling at the drop of a hat. In this case he has not invested, it's rather you who have given him the investment, but having that money there untouched if he does not have much money, in the long term, I do not see it, and even less if he gets fired from his job, has a financial contingency, etc.

Rather than news, I would call it a rumor. And, in fact, if you look at the headline, it only talks about considering and it does so in a question. It's the only source that talks about it (other than reddit, which uses that same source).

There have been so many rumors on the subject, that without more data or more sources there is little chance of it being true.

In my case, I seem to get merits in waves: I can get like 30 in a couple of days and then be 4-5 without earning any or earning very few, but I wouldn't call it fate. In your case, it is something that has a rational explanation as we have already seen: the boards you post on and The Pharmacist factor. If you care so much about it, apart from the option of applying for a merit source, as you have been recommended, you can also try posting on other boards.

It may or may not. I don't know what will happen at the end of the year but I doubt very much that the next few months will be bullish and we will beat last year's ath of over $70K. With the FED withdrawing stimulus, and Russia and the EU considering banning mining, it is normal that we will have a few months with low price. Surely we will recover a little from the recent fall but I do not see spectacular rises, unless we have news like Amazon accepting Bitcoin or something like that but I see unlikely news like this in this environment.

It is not unusual that in this forum, which is called Bitcointalk for a reason, we prefer Bitcoin to Ethereum. If you get to ask in the alts section, you would surely have more answers preferring Eth. What I would recommend is that you acquire information on both and make an informed decision as to why you prefer one over the other. It is better than buying one because you simply think it will go higher or you have been told in a forum.


Have you thought about adding more to your initial investment? Many of us on the forum do DCA. You can invest a lump sum at the start but then add x money weekly or monthly. That way you cushion the ups and downs in price.

Yes, but past performance does not guarantee future performance. I do DCA and I don't care if there is war in Ukraine, Russia bans cryptocurrencies or we just broke ATH. I continue to ride along.

But we cannot trust that the returns that Bitcoin had in the first cycles will continue indefinitely. To the extent that an asset increases in price and market cap, it is more difficult for it to continue to have spectacular returns. I would like to see us reach $400K this cycle, but given what we have seen, it looks like it will be difficult.

As much as he has a long term view, at some point he may get anxious. I don't think the current price is going to change Saylor's plans, if anything he is thinking about how to finance the next purchase, but now let's assume the price in a few months goes below $20K, which would never have happened in previous cycles (going below the previous ATH), but which is not impossible to happen. I think he would be a little nervous.

Saylor has turned his company into a derivative product of Bitcoin, and nervousness in the markets translates into considerable price declines I think something will affect his mood, even if he has a long term vision.