Well, I'd rather Goldman Sachs say that than say that Bitcoin is a scam, as they used to do, but, anyway, they make the prediction themselves conditional:


I think that after last year's result, most of us on the forum are skeptical of the predictions, and it shows in the responses to these threads.

Yeah, well. This is the never-ending story all over again. It has been going on for years, and with the occurrences of an enlightened man like Erdogan in power, I am not surprised that it continues to happen. What does surprise me a little is the stablecoin, which is new to me, but I see its logic. Apart from what mk4 says, I think that by using USDT they protect themselves both from inflation in their country and from market swings.

It is clear that the dollar, although it has inflation, has much less than the Turkish lira, so it is worth holding dollars (or stablecoins linked to them). The Bitcoin is an even better hedge against inflation than the dollar, so it is logical that many will exchange the shitty Turkish lira for Bitcoin. But as the price of Bitcoin is volatile, risk-averse people, or those who want to spend part of their savings in the short term, do not want to see it go down by 50%, even if it is clear to them that in the long term it will go up.

I am surprised that so far no one has mentioned the legal issue. The ability to issue currency is reserved by states to themselves or to a few entities to whom they give authorization, the central banks. You cannot create a new currency in your country and put it into circulation with the intention that people will use it instead of the official one.

Satoshi created Bitcoin as a currency to challenge governments and central banks.I suppose if Satoshi had identified himself publicly, and more so at the beginning, he would have been called to testify, at the very least, and he could have ended up in jail. Another thing is that today there are already thousands of cryptocurrencies but they are considered financial assets by the public authorities, not currencies.

I don't doubt that the price will hit $100K at some point. I would say this year but I can't say for sure. The point is that Bitcoin is a unique asset with intrinsic properties that make it the best for storing and transferring wealth, especially in large quantities. So I don't worry so much about price, although I always like it to go up, but I just accumulate regularly (DCA).

Lol. This is yet another example. We have seen it many times in the forum, when time has passed and we see the extraordinary revaluation of Bitcoin, we see these things and we laugh, but at the beginning when Bitcoin was worth pennies, and nobody knew about it, and if you heard anything it was related to fraud, or drugs or terrorists, well it was difficult to see how it was going to revalue.

In any case it is good to remember these things at this time because there are a lot of people pessimistic about the price.

I laughed at your post, partly because you are so good at arguing. I think you've got a point here:


What happens is that it is a hypothetical scenario that I doubt will ever happen, and I don't think that the only thing you will be able to buy will be drugs and weapons. Just as a shopkeeper today charges you in cash and does not declare it, you could charge for many things other than drugs and weapons to escape the clutches of the state.

That way, the person who sells weapons and collects the money in coins will be able to spend it on other things. Before Bitcoin appeared, there was already speculation about the disappearance of cash and the future control of transactions. And then came Bitcoin and then many cryptos. What I am saying is that I believe that human intelligence, especially when there is a lot of money at stake, will come up with something to escape the clutches of the state.


I don't know about other countries but in Sweden it is legal to offer sexual services but illegal to buy them, just as it is illegal to operate a brothel.

I don't know, you tell me, how do you think prostitution, drugs, and weapons are paid for in Sweden?

I think we were thinking about two different things. I was thinking more about illegal things. What I'm saying is that if you even eliminate all cash and the central banks and authorities get to control absolutely all fiat transactions, that's not going to stop the arms dealers, drug dealers etc. If you buy on the Deep Web and send it to a PO box, the shipper doesn't know anything about you.

Not only this type of activities, but also other more "honest" activities, such as if I do a job for you via internet, you pay me in Monero and I do not declare it.


I don't understand you. We are talking about a hypothetical scenario in the future where all fiat transactions are absolutely controlled by governments, no? That won't happen from today to tomorrow. As of today there are plenty of people holding Bitcoin or non-kyc Monero. In the transition, alternative forms of payment that escape the government will take hold, and those who are interested in escaping its clutches will use these means of payment.

Also, there are sure to be ways to obscure fiat transactions. Fraud in big business is done via intenational transactions and corporate schemes. For the average Joe this does not work, but you never know if there will be a foreign country that can issue a credit card that does not answer to the tax authorities of their country.

Speaking from memory, I remember reading that in countries where cash has been practically eliminated, transactions for drugs, prostitution, etc., are made in foreign currency, dollars or euros, and cryptocurrencies.

The fact is that no matter how much the government wants to control, there will always be an alternative for those who want to escape from the government.

Yes, I think this is the key point here. They could have offered $10K in dollars, but offering it in Bitcoin means they see it as a good asset, and besides that they will have bought Bitcoin to be able to give it. I don't know if they accept Bitcoin for tax payments or in the future they might accept it, googling I don't see anything, but it might be a first step.

The fact is that to date we know nothing. Last year we had predictive models, such as S2F and others, that gave a minimum of $100K price for 2021. Those failed, and although we like to speculate, that is, try to guess what the price will do, no one has any idea what will happen. I believe that we are in a less abrupt cycle than previous ones and that at some point we will pass $100K but we will not have 80/90% declines, although who knows, with Bitcoin anything can happen.

I would like to remind that this is not something that has just happened, as if a hurricane is coming, it is the result of policies that have caused this inflation.

Now the FED, seeing that inflation is getting out of control, seems to be going to act, and fast. It is not clear to me that they will end up being as tough as they have planned. If you want to take away the drug from a drug addict, the best thing to do is to reduce the doses little by little, if you take it away all at once he will have cold turkey.

Turning to the economy, if as a result of the Fed's policies to curb inflation, there is a crash in the stock market or if we go into a depression/recession, they are going to have to go back to supplying the junkie with drugs.

There is an essential difference between the two: casino games have a negative mathematical expectation. The result in the long term is inexorable losses, and in the longer term more losses. In sports betting there is no such inexorability and, although it is difficult, there do seem to be people who make money in the long run. Although I suppose it requires effort, study, banrkoll control etc. Similar to poker, in that you can also win consistently over the long term.

In my case I think I can be called Bitcoin maxi, since I don't use alts and I don't do any of the things you have listed. Although I did use some in the past but it's been a while since I only buy, earn and spend Bitcoin. 

Anyway, I'm sure some of what we call shitcoins will stay with us and have a use in society, no matter how centralized they are. The fiat money we use is also centralized and some people will even kill for it.

Hi LFC_Bitcoin, congratz. This will be an inspiration for me. My next stop will be the 1000 merits, which is not far off, what is farther away is the 2000 of activity with which you started the thread, but I am not worried, I will continue to use the forum day by day and in time I will reach that goal.

What a crock of shit. It is a contradiction in terms that what you say, getting rich before buying Bitcoin and then buying Bitcoin is not getting rich with Bitcoin.

The best way to get rich with Bitcoin if you have modest finances is DCA, buy what you can every week, or every month. Buy, buy, buy. Wait a couple of cycles.  And then come and tell us about it.

Getting rich will depend on the definition of rich, but I'm sure that after doing DCA weekly or monthly for a couple of cycles you will be much richer than you are now.

freebitco.in has a great reputation on the forum, although I have seen some people on the forum who have doubts but to this day nothing has been proven against them, and, on the contrary, threads of this style end up being shown as unfounded or it is discovered that the OP was the one who abused the site etc.


In other words, saying this without providing further evidence or arguments is useless. At least in this forum.

The fact is that we are in uncharted territory. I don't think so, although I was also sure we would pass $100K in 2021, then I don't know anymore. I think it's likely we'll be in an extended cycle and beat the previous ATH this 2022, although I wouldn't bet heavily on it.

Well, I would qualify and say that the savings they had invested in crypto helped them make the down payment. The savings was prior. It's not that selling crypto helped them save.


Yes, because the survey was done near ATHs. It seems that there were people who took advantage to make profits and take advantage to make the down payment, but if it had been at the bottom of a bear market the story would be different.

When the president of El Salvador, Bukele, said that by 2022 there would be two countries that would follow in his footsteps, I thought of Argentina. Let's hope it is true and that other countries will join them. Let's see if the big guys learn and realize that the best way to fight inflation is the Bitcoin standard, but that's a long way off, I'm afraid.

In general what you say is correct but I would add that you need to have thoroughly researched the asset you want to invest in and be clear why you want to do it. If you simply invest in a fancy shitcoin because it is going down based on the argument of investing when everyone is fearful, you may find that the shitcoin goes to 0. This is true for investments in general, startups, low cap fancy stocks etc. 

Many newbies invest simply waiting for the price to go up, and we have seen threads like that in the B&H section, but if they don't research, don't inform themselves, and simply use the fear and greed index, they are playing roulette.

So, I would invest if people are fearful in bitcoin because I know its intrinsic properties and I am confident that it will have a great long term future. I would not sell if people are greedy unless I consider Bitcoin to be too high a part of my net worth, because I do not see an asset that is going to be superior.

Well. Same old story again.

Those of us who frequent the forum know that 1xbit is a scam. Many of us have left negative feedback and their threads contain flags that can be seen even if you are not registered warning of the potential risk.

I feel sorry for you, but I think it unlikely you will get your money back. And the bad thing is that it seems to me that your thread won't stop someone like you from falling for it again in the future. Those of us on the forum wouldn't even enter a single satoshi in that scam site, but it seems that it is profitable for them to continue scamming because there is always someone who ends up falling into the trap.