Investing in bitcoin does not require someone to have a get rich quick scheme mindset. Investing in bitcoin should give you the mindset of comfortability and not that of get rich quick. It is only whe investing in shitcoins and meme coins that the mindset of x200 will be in the investor.
Checking the whitepaper is still a good way to know scam projects. A scammer would not use 200% of his time and effort to write a whitepaper he will likely dump the next month. They end up plagiarising the whitepaper.

Tracking the people behind the project has always been a good means to know a genuine project. Ensure real people with a proven track record are behind the project. And not people with unreal social media followers and hiding in the face mask. Money is hard to make and shouldn't be given out easily.

Most of the times, influencers are co-scammers but wearing the shepherd's clothing to deceive gullible investors.

You cannot advice that we should only invest in Bitcoin, what happens to the other coins? Also bitcoin is not the only reliable coin but you can say that Bitcoin is the most reliable coin and that's good. I endorse freedom, anyone should invest in any good coin. Ethereum is nice, BNB has made name and likewise some other altcoins.

The efforts to locate one victim to scam $200,000 is quite lesser than to locate 400 people to scam $500 each. This could be a good reason they channel all their energy to one point rather than to numerous points.

Bitcoin is no longer highly decentralized. There's a possibility of moving the coins through a CEX and convert to a stable coin which is freezable. The government is fully against mixers and of the criminals go DEX, they could also lose what they stole. There are no much exit route for criminals.

Very nice offer Huge.
The essence of allowing the Op to make high quality posts and earn atleast 3 merits is to ensure that OP is not a random spammer. I believe OP can beat this challenge and maybe get help from others to enjoy your offer. What then happens if the former username is whitelisted. OP will end up having 2 accounts and the later username could be likely more important than the former because it will have merits. Maybe as a merit source, you will have a way to compensate him in the former account.

The user became wiser to understand that he could use a clean IP to register to evade the evil fee and later return to his evil IP.

@upgrade00, even with on the bitcoin payment available, many newbies will see it as a scam. Imagine where you haven't been before and you are asked to pay to atone an evil you did not commit.
I thought that theymos has given LoyceV, Upgrade, hugeblack and others the authority to whitelist people and has included same in the welcome message. OP could have toed that lane.

Are you trying to turn here to a court?
I am surprised that you are a senior member and yet you don't know how things happen here.
If there's room for appeal, it therefore means there's room to question. Here, freedom of speech is key.

You are a full member and already enrolled in signature campaign, so this shouldn't be a new experience for you. Besides it is better that activity is holding you from ranking up than for merits to hold you. There's actually nothing to worry about because the difference between Snr member and full member is not very much. I will understand your complaint when you stuck for so long in the hero rank and want to rank up to legendary rank.

Yea, it happened to me when I was a newbie and I think I used your inbox and you explained to me that activity increment is always in 14days. How time flies.

I don't actually know when the pi project started but I can remember that someone sent me a link somewhere 2020 even before I knew this forum. I mined for some weeks but was not comfortable with the project and the stress to visit the app every 24hrs. As at then, I do not know much about cryptocurrency, but with all the promises they made, I still had the gut to uninstall their app because I thought that their main goal was to program my mind to stick with their app and that is why they had to ensure I open the app and mine atleast once every 24hrs. I had been controlled and being stressed, that was why I uninstalled it.

This reasoning is faulty. This thread was made 2020 and this 2024 and the project is yet to be listed in any known exchange. Ok, you mean if they don't launch till 2030, we shouldn't conclude that it's a scam and maybe wait till 2050 when they will launch?
We can continue counting from here
 

There are actually different mindsets when investing in bitcoin, altcoins and meme coins. To me, investing in bitcoin gives me peace of mind and I do not care watdafuck happens with bitcoin price because I own it for a long term purposes and I do not expect bitcoin to turn me to an overnight millionaire. So, it can be said that I expect nothing from bitcoin than comfort and stability. I do not believe that bitcoin can make me super rich but it can keep me comfortable for a very long time in as much as I own a fraction of it

This mindset is quite different when I investment in altcoins. I have a mixed feelings that some hi cap altcoins can bring about financial stability and can also make me rich but the chances are not high. So, this is the reason I do not buy them much or buy them at all because I believe there's no need for them when I can own Bitcoin.

The story is totally different for shitcoins or memecoins. The mindset is that they have the tendency to turn me to an overnight millionaire, which is true ofcourse. But then I also know that buying it is like gambling, that your capital can drain down the tunnel which already happened to me in the past.

Maybe these advices need to be explained very well from the adviser's point of view. When we talk about investment diversification, many people mistake it for portfolio diversification. If you have bitcoin or altcoins, and go ahead to buy bonds, real estate or gold, I think it can be called investment diversification. But if you own bitcoin, and buy many altcoins in the name of diversification, you are wrong. Although, I don't know the adviser's point of view

I consider this a good advice, but then saving in fiat is risky because of inflation.

I don't understand this please. Does this mean you do nothing with your portfolio, just HODL?

2x to profit is 2x to loss...10x to profit is 10x to losses.
 

Honestly, I consider this topic weird. I read through the Op but I do not actually understand what he was writing about. I tried to comprehend but the whole stuff was just strange to me. I considered to report to the mod but on the second thought I decided to read down the 3 pages conversation and to my greatest surprise, some people didn't consider the topic absurd as they were still contributing to the ongoing conversation. It was then, I thought that the post has a deeper connotations and not all about toile paper. But as I read more to quench my curiosity, I observed that OP was actually talking about the real toilet paper that I know.

Actually, as there are different countries in the world, so also is their problems, needs and solutions different. In my country, the people in the rural areas does not have any need for toilet papers as they can wipe their as with any soft leave or old papers. Children grew up wiping their ass on the ground. Now as I am an adult, I do not also use the toilet paper. You cannot find the toilet paper in my room, as I use clean water to clean my as which is more effective and hygienic. So, if there's ever going to be a scarcity of toilet paper, it might not concern me and my country men.

I do not even imagine that such news existed that people were fighting over buying toilet papers. Even during COVID 19, the most important accessory was nose mask and not toilet papers. Maybe it happened differently in different countries.

DCA is a good way to invest in bitcoin, but in some certain situations or circumstances, DCA is not always the best method. For instance, with the current market conditions, if I have a good sum to invest in Bitcoin, I am going in at once. I have my reasons which is; bitcoin has already corrected from 48k, there might not be further corrections and secondly, ATH is not met yet, so that's a great opportunity to make huge profits in the future. You might want to go with DCA and before 2 weeks, the market will fly very high thereby making you loose a good opportunity to buy at a discounted price.

This is not an investment advice as everyone has what works for them. The market is too dynamic and there are dynamic ways to make money and lose money in the industry. As old as I am, I am still making some newbie mistakes. No one knows it all, even an expert or your mentor sometimes makes some ridiculous mistakes and decisions. But what makes you the boss is standing firm to bear the consequences of your decisions, whether or not in the bull lane.

It is mainly early adopters of bitcoin that lost their seed phrase and maybe there was no seed then. It used to be a private key comprising of overly lengthy combination of words and numbers. There was no much awareness of how to secure ones bitcoin then. So, many of them relied on whatever means they thought is best to secure their bitcoin. It was during this period that the majority of bitcoin lost in history, either to scammers, Ponzi schemers or personal lost. People are wiser now and are able to secure their bitcoin.

One of the worse ways could be memorising your seed phrase while one of the best is saving offline in more than one location.

I don't have to disbelief this story. But my question is how much bitcoin was in the computer that you could not fix the screen to retrieve your seed phrase. Well, I consider this as one of the thousands made of stories to complete post quota

If you have waited a while, you would have figured out yourself how important merit is in the forum. I have also seen that this thread has span upto 5 pages. But I still want to answer your question incase you are still reading. Merit is very important to everyone, including those that has thousands of it already. While lower rank members need merits for rank up, older members who already have thousands of merits need more for prestige. You might not have needs for merits if;

• You will not want to join any signature campaigns 
• You don't intend to become a campaign manager
• You do not want to join some contests and give aways 

If you are here only to learn about bitcoin, you are free to even read from the guest mood and everything will be fine. But if you are here to earn, just like many, you will need merits.

You get merits by creating quality posts that teache new ideas or communicate old ones in a new way. You can earn merits by answering questions in the forum. You are likely to earn more merits if you are regular in conversations.

This sounds like a joke though. But do you by chance know the friends profile? I also think that his friend doesn't deserve a neutral tag because there's no prove that OP wasn't the one that misconstrued the one who introduced him here

Maybe I don't know how much I like the forum. But I know that I don't like the forum more than my girlfriend. But then I like the forum more than any other forum on the internet. This forum is known exceptionally for the dishing out of high level information for free. That is the most reason I fell inlove with the forum to the highest level. When I was a newbie, I had thought about what was the motivation behind the members answering questions without payment. Later on, I said it's because of the signature campaign of the forum. But then, I saw some users who were not on signature campaign but were still posting in the forum. Just like JayJuanJay or so and others. I then discovered that it is just the passion and love for Bitcoin that made many people remain here and consistent. I think Satoshi planted something here, and we are all Satoshis.

Although the network is still congested but not as crazy as it was. Instead of LN, I have these suggestions;

• Bi-weekly payment
• Deduction of $1 worth of BTC from all participants payment to augment the fee
• Bestchange sending the transactions with a fairly reasonable but not outrageous fee and we'll wait till it drops.

There many explanations to the bitcoin price dip, but what I cannot guarantee you is whether the explanation is good or not. According to your thread title, you are seeking for a good explanation. Whenever there is an increase or decrease of bitcoin price, it is always associated with news or explanation to why it happened. It is believed that the price cannot just move on its own without a cause.
I have heard that the FTX GBTC liquidation is the reason behind the price dump as noted by Oshosondy;
I have also heard that because traders made so much profits during the pre ETF approval rumours and they have to sell. I do not believe such rumour that much because I think that many people were holding for the possible bill run.
I just know that there's definitely a manipulation to allow people who took profits to re-enter the market at a discounted price. I am not happy that as big as bitcoin, despite its market cap and price, it is still manipulatable. This is not a good thing for the king and the cryptocurrency market at large

I just pray that the arrival of the institutional traders on a legal form should somewhat bring stability in the market but it seems that the reverse would actually be the case because the signs from when ETF was approved till now is not actually a good one.

This year African Cup of Nations came with alot of surprises. Many people did not expect these surprises and especially seeing the big names in Africa as long as football is concerned crashing out of the group stage of the tournament. Who had expected that the Black Stars will exit from the group match. How about Cameronian team that was humiliated by Senegal. Although, Senegal is the defending champion. The case of the Ivorians is another big case to ponder about. The more these countries realises that Drogba and his teammates are no longer in the Ivory coast team, Samuel Eto and his team mates are no longer incharge of the Cameronian team, there are no likes of Stephen Appiah, Essien and Gyan in the Ghanian team, the better for them. It is high time the country begins to breed another set of patrotic footballers to make them great again. For the case of Nigerian Super Eagles, I don't know what to say. They have not been performing excellently and their strikers not scoring goals but yet they have qualified from the group match. Let's see how their next matches will be.

Obviously, Drogba was as mad as Samuel Eto or even more mad than Eto. It was a huge disgrace to Ivory coast that a country which could be considered as a non football nation humiliated them in their father land right in front of their home fans (mothers and fathers). Will there ever be next time?

That is the irony of the market. Many have thought that bitcoin price will pump and after the ETF approval, but the reverse has been the case . This will however ease the expectations of the people about Ethereum ETF approval because it can still take the steps of the bitcoin ETF. I can confidently confirm that the ETF has no positive effects on bitcoin, even if the bitcoin prices rises tomorrow, there will be no confirmation that it is because of the ETF that pushed the price upwards, besides there's bitcoin bull run that is upcoming, it could take the glory even if another moves the market.

Please remain with your idea of buying bitcoin with DCA, buy as much as you can even now that the bitcoin price has reduced. The last time I made a mistake to buy another coin apart from bitcoin, I am still suffering it now. For the case of dodge coin, I think the time of dodge is up since there are so many other promising meme coins like Pepe, bonk and others. Anyone investing in doge should ensure that Elon Musk has not left the coin.

• 10% monthly is still fearful to embark. Maybe 10% monthly is the standard 
• Don't be decieved by the number of pie token staked in any platform. That was how early bitcoin owners lost all their BTC 
• When it is so good to be true, maybe consider to run
• If I have a genuine business model that guarantees 10% daily, I'll just go take loan and become suddenly wealthy

There are many characteristics of Ponzi scheme in OP. At first they will make you stake your coins, such that there will be more deposit than withdrawal in order to make such system going.
Secondly, they will have a referral system that will keep bringing new people (the potential victims), and keep rewarding older members.

Seeing 19k in your poll and the possibility of 2021 decline happening gives a reassurance that anything is possible in the cryptocurrency market. I was so baised when I thought that after ETF approval, everything will be greenish untill the bull run. But just see the reality that things are falling apart already in the market. It seems that we need to prepare for the worse this that the market is bleeding, it might continue in this downward trend for a longer time thereby pulling everyone from the bullish to the bearish phase

Realising that bitcoin is a risky currency as you said is one of the safest things that everyone should know. No matter promise of good return in the future, you could also be ruined on the short run if you do not make decent calculations on your Bitcoin holdings. I think I have make some terrible mistakes about my buying and selling .

There's nothing that is very static in the cryptocurrency market. There's no rigid law that states that during the halving period, that bitcoin price will be on a steady decline and also there's no assurance that the price will be on a steady upward trend. The most important thing is doing your own research and maybe believing your strategy of investment and also being willing to accept the consequences of your decisions. There's actually no guarantee and to the next move of bitcoin. This is the reason why the fundamental law of bitcoin investment shouldn't be neglected. Many have argued that the law of investing whatever you are able to lose is somewhat outdated because bitcoin is fast becoming a mainstream in the financial industry. They could be right in their opinions, but for the fact that bitcoin is still a volatile assets, it therefore means that the price of it is liable to move in either directions of the market.

From the past experience of halving, it has been noted that the re-occuring process has been a little bull run during the halving, but some months after the halving would be the major bull run. So, it will be nice that we expect the major bitcoin bull run in 2025 and not this year.