I am not sure about Bitcoin saving the economy or doing some kind of magic to make the economy better.
But, I think as an individual Bitcoin can be helpful to you during a time of crisis. I have heard of the story of Greece going into crisis and how their government closed banks for one week and people were scared that they will lose their money.

So, it’s things like this that I think people should be talking about. During times like that, if there should be anything as such like the government closing banks, if you have money that you have stored in Bitcoin you wouldn’t worry that much. The thing is, there are risks in everything.

Has China ever been anything apart from a communist state? There are about four countries that I know that are communist countries, and China is one of them; the rest are Laos, Cuba, and Vietnam. Unless maybe I don’t really get how this communism of a thing works or something, but I have always known China to be one of the communist countries.

The first time I got to know about this was from an article that I read a long time ago that was talking about China and how it started and all that. According to the article China was founded in 1949, and by a communist leader (sorry I can’t remember his name), so that communism has always been there.

I don’t think anyone would prefer to sell their property because of money, they would prefer that they take loan and run their business and maybe use the property as collateral because they know for sure that they are going to be paying that money back and getting back their property.

And I think another you have to understand is that rich people don’t take out millions of loans just to invest it in unnecessary things, rather they take those loans to invest in assets that will generate more money in return. At last when they pay their debt they will still have extra money left from the profit they have gotten from the investment. They calculate everything before time.

So how many of these trends has kept it going as of recent ? From the start people has been saying that most of these trends won’t last, because all these yield farmers are not interested in the technology or whatsoever, they are just there to exploit the trends and then they will dump the tokens on the noobs or the latecomers. That’s what they have always been up to from the start. Have you checked DeFi as of today? Most of them, if not all, has decreased badly.

The average decrease is around 60% and that’s really bad. The question now is whether they are going to be able to recover from this downfall? They might just remain low from now on, although the good thing might be that those who are getting in now would be just because they value the ideas.

Lmao, I guess he’s addicted to gambling. Maybe he thought that he was going to use the $1.8 million to gamble and then get filthy rich, enough to pay back the investors, then he will start living the millionaires lifestyle lol, and having his holidays at the beach.

People shouldn’t be believing whatever they are told easily. People can just fabricate anything and tell you it’s the truth. So it’s good to be very careful. And moreover, how did he ever think that he was going to escape after committing such a crime?

Well, now he’s got to pay for the crime he has committed.

I believe there is a big chance that this winter will not be such a huge movement season, it is obviously going to move a bit, it can't stay at $10k-$11k levels for next 4-5 months, but it is not going to make anything big neither, it may go up and go down to same place or maybe go down and go up to same place but at the end we are not going to be too further away from this price for sure. However by this spring, like by march or maybe April we are going to see a huge increase in bitcoin if we can handle until that moment.

There is a huge chance we could even go above $20k as well for the first time since 2017 December peak. People do not think that we can go there but I believe we can. So, until new year I believe price will not be too much different, it is going to be too close to care about movements.

I do think that in the financial world history repeats itself is not a good thing to say. Because in general, things do repeat the results, but the way it happens is almost always different. Just to give an example that everyone can understand, in 2008 there was a global crisis right? In 2020 there is one too? Now history does repeat itself and there is a crisis, but I have to say it is not the same reason and it is not the same path that lead us here, one was mortgages being high leveraged and the other is a pandemic.

Same reasoning stands with every little single small thing, even the same exact chart that resulted with one thing, may not result with same again, but the results could be same from two very different charts.

I do not think that it is totally marketing, he doesn't have to say it as long as he spends millions of dollars on marketing he could always get people to use his dex, I believe there is a bit of truth in it. This doesn't mean he is right, he could be very well wrong too and that means he is supporting something that will not be big, maybe dex will be forgotten and everything will go back to being cex in the end, but that doesn't mean we can argue what he believes in.

He could believe in whatever he wants that will be great in the future, maybe that is dex, maybe it is cex, maybe something we do not even have right now. CZ is not god in crypto world, he is a super rich dude but he is a CEO in the end and we shouldn't take what he says as the bible and believe him right away, he could be wrong as much as you and I can be.

In reference to this second point, if you’re trading for a long time and mostly what you’re getting is loss, maybe you should quit or work towards improving your trading skills and building better strategies. Trading is a very risky business, and there are other means that one can benefit from the market apart from this trading stuff.

Although I know that some people are being persistent because they have been told that trading is the right business to get them steady income and make them rich. But when you try so much, it’s good to also consider other options that are available to you, so that you don’t be running out of time.

The reason Buffet called bitcoin a bubble is the same reason why he doesn't get involved with pharma companies in stock world that easily, usually never as far as I know. They build one drug and suddenly when they get FDA approval their stock goes up 3000% higher, which he calls a bubble because a company can't continue that much value forever.

Bitcoin was a thing that was created 10 years ago and didn't even worth any money at the first days and now worths 10k+ and even reached 20k at a time, which means for the way Buffett lives it is a total bubble because things that go up that much that quickly in his world are actually bubbles and he is right about them.

However what he can't see (well he is 90 so it is understandable) is that we are talking about something totally different and not anything like stock market.

I am sure there are times when withdrawal fees are big compared to a year ago for example, and in some places it is quite high, for example some exchanges charge as much as 7 dollars for example, which if you ask me is quite high.

For example, I wanted to buy something from a game and it used either coinpay or coinbase I forgot which one and it took 7 dollars for transaction fee alone, which is huge.

However 150 dollars is something I have never seen anywhere including here. Max you could see anywhere would be around 10 bucks at most, if you see something bigger know that something is wrong and do not do any move, you may want to get out and do it quickly so you may rush it, but if you see 150 bucks just stop, wait and see what's wrong. No place charges that much, neither here nor anywhere else.

Right now, it looks like it is going to a place where it would be great to buy. I would say wait for a while and see where it goes, it could go down a lot and when it goes down a lot I am sure that it will do a lot better for you. I would say buying under $9k would be the way to go, it is not going to be over $10-11k levels very quickly, it is going to be doing very bad and very slow for a while but after that buying under $9k means whenever it reaches to $11k level you will profit around 20% levels, even more, closer to 30% levels and that is what it matters, depending on where you buy.

I would say put a big huge buy order at around $8k levels, if it reaches to $8k you buy it and wait, I know it will take months and a long time, maybe who knows 7-10 months but it will one day be $12k again, which means $4k profit if you are patient enough.

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From the list you have here, I only make use of two and that’s Coinbase and Binance. I have not tried the other exchanges that are on this list, though I have been here for long. Binance and Coinbase has been working for me the way I want, and I don’t see the need to switch to another exchange since these two are working for me. Some people complain that Coinbase has high fees, but that’s the one I use frequently.

What I like most about it is that they have a good interface, and that was what got me to start making use of it, and it was easy to understand and make use of. I have been using Coinbase for long before I discovered Binance, and I think that’s around 2017 that I started using Binance and that’s people a lot of people talking about it.

I don’t know for you, but I have worked with two companies recently which I got in contact with on LinkedIn and they both paid me in Bitcoin. One of the two companies allows their employees to work remotely, and it’s a company that is located in Ireland and they pay their staff with Bitcoin and PayPal.

This is a company with over a hundred employees working remotely, and imagine how much they will be sending out every month using bitcoin. That you haven’t gotten a client that pays you with Bitcoin doesn’t mean that there are none of them paying with Bitcoin, no there are many of them. And it’s not all about waiting for when clients will pay you with Bitcoin, you and your friends can also use it. It’s all your choice on whatever decision you want to make.

Russia is still claiming that they are in production but I think the lack of medical research and direct human experiments which proved that it works created a bit of trouble in the world. Did they find a vaccination for covid? They sure did and most places say it actually works as well, however how did they find it?

When you have a vaccination that you are not sure if it will work or not and give it to humans as an experiment that is a very very dangerous thing to do, which is probably the issue they are going through right now. When that is all cleared up and forgiven people will just say no matter how it was discovered, the thing that matters is it is discovered. When it becomes mainstream and hundreds of thousands of people gets it every day, we are going to see economy grow incredibly high.

You sound practical. Yes, we need to focus on where to enter and where to sell and in-between, we  must focus on what we need to do if market goes against us. I agree these are all the basic things we must need to address before entering into crypto trading. I believe there are lots of guidelines in this forum are available for beginners to plan up accordingly but unfortunately not all new traders are not making use of  them.

Moreover there should be lots of other basic things, a trader must need to address before entering into trading: which coin you are going to trade must be one of them and then where (which exchange) you are going to trade should be another important thing as well. Because, we cannot trade all the coins in similar manner which means we should find a coin which is obeying our technical analysis.

People can make good profit in a day, it’s all about the condition the market is in, if the market is in a good condition like the times it’s going up quick and steady, some people can pack some good profit. And it’s good to make it clear that day trading is not for everyone, I do see some people who wants to get into day trading because they think since it’s a day trading they will be making profit everyday, they just neglect the risks that they can be losing their money instead of profit.

Sometimes it’s best to just be a HODL’er and stay clear from the risks that comes with day trading.

I think there could be even an upside in the economical sense. Obviously we are talking about getting worse in climate reasons and that is a bad thing not just for USA but for all over the world, we have seen California burn down just a few years ago and just start of this year Australia was on fire, and people are still saying "where is climate change there is snow here" and stupid stuff like that which is really not something I can accept.

However if you look at it purely in cash form, we are talking about oil companies and other energy companies doing whatever they want and making even more profit without caring about the climate, which should return a lot more profits technically speaking. I don't know if they can manage to do it but they should be able to without regulations.

It’s not that people doesn’t want to stay indoors, they do, but when a man gets hungry he also gets angry lol. When this lockdown of a thing started, I saw a lot of poor people complaining that they were going to die of hunger, even an average person like me was also complaining the same thing, and this is worse because I live in a country that’s corrupt, the government is corrupt and people were so worried because they know for sure that they are not getting any support from the government. Although they started giving out loans to Businesses, but it’s not every business that qualifies for the loan. It’s really not easy.