I find this more a buzz than actually useful endeavor. But yeah, maybe I'm right.
I mean that unless those funds can be tracked to centralized platforms that will obey any western warrants, there's not much they can actually do. And the effort may be rather big.

However, I wish them best of luck. I wish them this stupid war ends very soon and in a favorable manner for Ukraine.

That news is from before the war and so many things have change meanwhile on the financial world.. especially related to Russia...
Imho the only real conclusion is that Russia is telling whatever suits them best and they are - by far - not serious about Bitcoin. I see their behavior pretty much similar to China's, just with not so big overall impact.

A drop from 69k to 33k is not really crypto winter. It's more like those winters the temperature barely go below 0C and it's not snowing
For comparison, the previous crypto winter was at a 6x price drop (or more).
But yes, as headline it looks catchy.

My point is that there's still plenty of room for an actual crypto winter to come, although I do hope it won't come this time.

We cannot give proper financial advises. You should not invest based on random people's advises. You should learn and understand what you're doing.
Also you're on a bitcoin and crypto forum, hence people will tell you why crypto is great Just, again, make your own decision when investing.

Now to your questions. For newbies Bitcoin is basically the only proper solution because it's the least risky. But keep in mind, all crypto investments are risky. I cannot promise you that you'll be on profit in a week or a year from now. That's why one rule is to invest only money you afford to lose or keep locked for long time.
Historically an investment in Bitcoin was on profit in max 4 years. But Bitcoin is still young and history doesn't mean that much.

On the other hand, altcoins promise great profit, but on very long time they usually disappoint (compared to bitcoin). Also it's difficult to find really profitable ones, even for rather short periods.

So with Bitcoin you also avoid scam coins, as long as you are careful to get actual Bitcoin and not Bitcoin cash, bitcoin gold, wrapped bitcoin on ethereum network and other things with bitcoin in their name.

Three final advises:
1. Make sure you buy from established and reputable platforms to minimize the chances to get scammed.
2. Take a close look at the platform requirements and fees, especially at the KYC requirements (if it's a KYC platform and you are OK to give your details, you may want to pass the entire process before your money is locked in there for whatever problems) and the trade and withdrawal fees.
3. Make sure you read and understand how to hold your coins safely. You may want to acquire a hardware wallet for your coins. Crypto is very easy to be stolen. Also keep in mind to always double check thoroughly the addresses you send/withdraw coins to (because copy/paste viruses can easily trick you into sending money to scammers).

I hope that this is informative for you and I didn't scare you too much

While it sounds interesting (and maybe intriguing), it means nothing.
You know, "verba volant"; it's just words. It can be seen as a "political" declaration. I read it like: if SEC denies the ETF, Grayscale may or may not fill legal action

However, it can indicate a certain amount of the pressure (which SEC may or may not take into account).
Just until July (did I understand right, is it so late?) everybody would have forgotten these declarations.

I agree.
@Royse777, I feel that you've overthought all this and may have been better without the updated rules.
With these rules you kinda ensure that ANN will be bumped for 25 days. Yes, only once/day, but still looks like a bumping service.

Sorry to say, but you seem to have misunderstood (or understand only partly) what I meant. Probably also because I've been too brief.


The problem is not only the "inaccessible location". The problem is that the HDD will still have traces of that file (so there's a risk to get stolen).
The problem is that pen drives and even HDDs or SSDs can suddenly crash/become irrecoverable.
The problem is that when you plug in a pen drive, if you are online, you expose it.

All in all, the best way to handle the seed is to generate it offline (preferably in a live OS with no persistence or hardware wallet) and keep it always offline. So the proper solutions are not IT related: paper, steel, ...


Fooling them can mean bad intentions. I didn't say that. I said mislead, which can be unintentional.


You are missing important points. Yes, many have excellent brain now. But that doesn't mean the situation will be the same in 10 years. Even more, many are young, so this is normal. But time plays strange games with the brain and one may not remember things exact in some years. Then, accidents can happen (from car crash to falling off a cliff or brain stroke), damaging badly one's memory. So no, memorizing can be handy but it's very unsafe.


Using more than one method can indeed be good and convenient as long as one doesn't use methods that can help hackers (txt file).

Vaccines have chips, 5G is boiling your brains out, the earth is flat, ... people do tend to believe a lot of things, people tend to stay badly informed and it's not only Bitcoin related.
Even worse, they will not listen to us, no matter how correctly we show them the reality, because they have already chosen to believe this or that personality or newspaper.
All we can do is keep calm and move on. Sooner or later more and more will see what is wrong and what is right. I don't have a better solution than doing... what we already do.

If you consider text file a proper solution for backup then, sorry, you don't know what you're talking about.
At least the memorizing part you've got it somewhat correct, although I would not call it safe exactly because memory loss is a fact.



All in all, my advice is to read what people tell you here and update the OP accordingly. Right now you have a good chance to mislead newbies and that's not OK.

He does a gamble, but how risky is that.. it's debatable and the history will show whether he was right or not.
Betting on Bitcoin's price was always risky, but if you managed to keep the coins long enough, in max 4 years from the purchase the price was historically higher, meaning profit. If he has done the deals right, he should be on the winning side.

Also it's interesting to see that his work is in at least 3 directions:
* profit
* convince other big investors buy bitcoin
* be careful to not allow price drop too much (to not scare off potential new big investors)

In the previous cycle the start of the year (2018) looked much worse than this. I can almost hope that with more like Michael Saylor or Do Kwon we may get to 2024 without the ugly crypto winter.


I don't know; whenever the price starts looking nice, some news come out about MtGox about to sell shitloads of Bitcoin, in a way or another.
I am sick and tired of those news, really. They'll sell when they'll sell, if they'll sell. I have a feeling that they're not idiots and won't crash the price if they'll actually sell instead of handing out bitcoins.

Well, a certain amount of greed made you start trading in the first place
So I'd better say: don't be overly greedy and stick to the plan. If you planned to cash in at a certain point, stick to that and plan the next step accordingly, because another opportunity should come.

As long as you're seeking for information, you should not care that much about the "newbie" word on the profile.
It can easily happen to have more intelligent discussions with newbies than with certain very high ranks.
Like everywhere, pay more attention on how's somebody thinking than how he looks

It looks like Michael Saylor may have had some contribution in this.
This news tells that he got extra $205M for buying Bitcoin, but I would not be surprised if he has been buying already.

Indeed, depending on the antivirus/anti-malware system, it may detect various suspicious things because of TOR or may detect even malicious data (real or not) in the actual blockchain data. But since that data is never interpreted as something your computer would have to run, it should be fine.


Also as said, the blockchain is 425+GB in size, which means long download and also the need for a lot of disk space. If your internet connection is good, you have plenty of RAM and you have SDD (not necessarily for the whole 425+GB), some settings here and there can improve the speed a lot.


Even more, a light wallet like Electrum, which doesn't need the whole blockchain and synchronizes in seconds, may actually be the wallet you're looking for.
Just if you switch to that, make sure you also verify it.

If the whole point of this discussion is to advertise an altcoin, please move your threads to altcoins area or expect to see it moved there.

The fact CSW claims to be his addresses doesn't necessarily mean they are Satoshi's.
Remember that he also claimed to own wallet(s) related to MtGox hack?
His shit show of claim means nothing, really. Maybe his desperation for... I don't know what.


He knows all that very good. Just it's the proof he cannot come with. He tied to spoof that proof, expecting that he's smart and everybody else is stupid. Well, it was proven fast that his so-called proof was fake and with no value.
The thing is most of the world doesn't know all this and basically he tries to convince/fool those, exploiting where possible loopholes in this or that country's legal system.

Anyone interested, please take his "offers" with quite a pinch of salt.

His trust looks fishy.
His previous topic is fishy: https://archive.ph/Psv3Q

So the warnings are there. If you want to take him serious.. it's up to you.

Imho this kinda tells in the past years, with sooo many victories, how much it was the merit of the car and how much it was the driver.
(Although Russell did show that already when Hamilton had COVID).

It might, imho... no matter it's him or somebody else.


I kinda doubt that. For example, if you'd be right, he would already have them.


From what I know, those were not Satoshi's keys, those were some early miner/s (one or more people, I don't know).

No problem. 99k will do for now.