That place might be in trouble because Turkish authorities do not look kindly upon these things. USA could be better place to do this, Bernie Madoff went decades doing his bid and then he was sentence to a jail that was basically a vacation if I was there, he lived in more luxury in jail then I live in my house. So long story short USA looks kindly towards financial crimes, but when it comes to financial crimes in Turkey those people will do everything in their power to get every single ounce of dollar that company has, every coin, every bit of data, everything they have, chairs tables hell the carpet on the floor, and sell all to pay people back.

I am not saying it will be without a loss, of course there will be, but it just won't be fully gone neither, it will be something in the middle of it where a bit of it will be recovered for sure.

"Decentralized" , yeah right. China controls so much of the mining power in the world and that results with most of the hashes coming from them and being able to do something. Sure when miners want to change something that's not enough because all the transactions should be from miners and we know that it is not, there are tons of other people. Remember back in 2017 or something miners wanted us to not have Segwit and we still went with it and they created BCH to compete with Bitcoin and they failed miserably as you can see these days. Which means miners do not have that much power.

However if they want to they could play with the price, just close all the shops in china for one week and price of bitcoin will be under 40k and they can buy with all of their profits and then start back up and increase the price and it will profit them even more, that's horrible.

I am not a great investing strategist or anything like that, I have done just one thing and one thing only and that has always worked so far, obviously we are in a bull market but as long as any bear market is followed by a bull market this strategy always works (if it only crashes and never recovers it doesn't work).

The strategy is that we should buy coins small by small over period of a long time, this is called dollar cost average and shorten as DCA. In DCA let's say you have $1000, you do not go use and buy bitcoin with all of it, you end up using 50 dollars to buy bitcoin, the next day you buy another and the next day another, so you keep doing this for 20 days until the money is gone, you can do this even once a week, or even once a month, dividing your money into 20 and buy it once a day/week/month is a strategy. I have done it, and I am quite happy with the results.

Yeah, anyone who thinks bitcoin is a ponzi or a bubble would be kidding themselves. I mean think about it there is really nothing that would be even remotely close to that, these things do not just go up, bitcoin goes down a lot as well, it is finances. If you think something that constantly goes up is a bubble, what are we going to say about stock market? Have you seen how much it increased in the last 10 years? Even in the pandemic period?

There are so many stocks that went 2x even more during pandemic, look at amazon and tesla, they are ballooned up. Are they bubbles as well? If the whole stock market is a bubble that has been going on for over 100 years, then I think it is going to be fine for me that bitcoin is a bubble like that, because that bubble has been going on for over century so let bitcoin be over a century year old and I will be dead anyway.

I understand that chart reading would help people with these kinds of predictions but remember that not all charts are force of nature, even if you do a great chart that "should" show what should happen, it may fail because bitcoin is a crazy market, things do not really mean anything here. What chart could ever explain why there is a nearly 40 cent dogecoin (don't even know the latest price but seen 40 cent at highest myself)? There is zero chart that can explain that.

This is why I think charts are great on regular days, but when there is a huge type of wave going on that makes no sense at all people are making mistakes by reading charts since the movements do not act according to the charts. This is why read them, make them, but be careful while using them, it is not going to end up pretty in the end and you will be very sad that you relied on them alone.

I get that people are excited about what's going on, and that is why there are people who think that bitcoin will one day rule the world, I know many believe that, but the reality is that we are not going to have to deal with that, we have to deal with fiat for far longer, we won't have bitcoin as base currency anywhere in the world.

This means we will have to deal with something that will be basically 90% fiat and 10% crypto in the world if we are lucky, and that is if we are lucky, most probably it will be like 1% crypto and 99% fiat in the world and that is a good thing if it happens, even that is like a goal and not something realistic. Which is why I do not think that world will adopt bitcoin, world will use bitcoin whenever it wants, but will not adopt it as the only thing, at the first front governments will not allow something like that to happen.

As long as they can use better machines and have more validators it will not be a problem. BSC is based on just 21 validators and that is not acceptable at this point, it looks like they are turning into ETH with how much interest they are getting. Pancakeswap literally passed uniswap at some point, this is getting like 10x user number situation and that is not easy to handle when you are not ready for it. Hell even a regular website can't handle 10x traffic when there is a rush there, how the hell can a whole blockchain network handle it when it suddenly happens.

But what should change is the way they are dealing with it, they should just increase the network validators and that would make it easier for them to carry much more load. If they allowed other people to do it as well, they would have tens of thousands of validators and never have a problem, but they are not allowing that because they do not want to become ETH and I understand that.

Fiat will not disappear, that is just not going to happen at all. Sure the adoption for bitcoin and other crypto increased, but it was increased mainly to have more fiat and that is the problem. Do you see people spending bitcoin to buy things more than they used to? That is the thing that will keep the price high, because people will not have to cash out of their bitcoins which means they will not sell their bitcoins which will keep the price high.

As far as I know the only big news was people being capable of buying tesla cars with bitcoin, aside from that there was no adoption. Which means people buy bitcoin with fiat, wait for it to go up, then sell their bitcoin for fiat again and use that fiat to live. As long as that continues, no matter how many people do it, eventually it is going to let fiat become more powerful, not bitcoin.

Not really? I mean sure it may come down for a short period of bursts, but bitcoin usually goes up all the time, gold has been doing that for thousands of years, have you checked the price of a gold bar in the past 2000 years?

It has increased constantly, it has been on the rise always, look at last 10 years, it has increased there too, look at 20 years to 10 years ago it has increased then as well, gold bar has been more and more valuable all the time in the long term, but it had days it went down. That is why I think what goes up doesn't have a need to come down, it may for a short period of time but it will not end up being anything for a long period of time. Hell look at bitcoin, it reached 20k, dropped to 3k, reached to 64k recently, which shows you, even though it goes down for a while, it will always go up in the long run for sure.

CEO selling that much is not the news there, obviously he would love to cash out, he is the CEO and he wanted to be finally be paid and get out of this waiting period, he wasn't paid like this at all, and now that IPO happened he was free to sell on the market and then get paid finally.

The great news for him and the shocking for us is that he managed to sell as much as 410 dollars, by calculation he sold about 292 million dollars according to the news, that is a lot, that is really a lot, the average comes down to 389$ per share when he sold, we all know it started at around 250$ so he waited for it to pump and didn't sell it right away, that is the great news for him.

I think I would have done the same thing if it was me in his place, who would say no to nearly 300 million dollars, even if you could have one billion if you waited, I would still not wait and risk it.

The talk around the crypto community is that it might have been because of USDT borrowers, they ended up putting money in and they borrowed bitcoin by owing USDT to binance. When the price had a small fall, that resulted with some being liquidated to pay their debt, and that caused it to go down even more, and it created a rippling effect that caused it to crash.

We can't know for sure, but I believe that is a data we can back it up, maybe not all the crash was because of it, let's face it there were a lot of people who panic sold their coins as well, but that is still just a portion of it. When you have a crash like this, it is not really about just one thing, it is usually about many things, that is why I believe it could have been many things contributing to make it go down this much, but it looks fine now and will probably recover.

Less than 100 satoshi coins or tokens may go less than 10 satoshi if I really make use of my past experiences here.

Dogecoin's rise cannot be an example everywhere.

If we really understand why dogecoin is trading above 700 satoshi right now, then you will never make such recommendation unless otherwise you are a paid shill of binance launchpad&co.

There could be few exceptions but the chances still remain less than 1% to identify them. Instead of catching any falling knife, I would better stay with bitcoins by buying at all dips.

I wager on usually just NBA and soccer, those are the only games I know. I used to wager on more stuff, boxing, ufc, even super bowl (not other nfl games) and some other stuff, I once even did tennis but that was just one time and I was bored. Why not other games? Because I do not personally watch other games, anyone who loves watching Tennis would wager on tennis, anyone who watches golf would wager on golf, but I do not like it when people wager on sports they do not watch.

I also wager on F1, no idea if that's called sports or not, I feel like racing and sports are different things, but I just wanted to put it out there since I wager on that a lot as well. At the end of the day, NBA, Football and F1 is more than enough, you have so many games that I literally do not have enough money to wager on all the games I want to wager, sometimes I just lack bankroll.

Trillion marketcap to quadrillion in less than a decade? I doubt as there are beyond our calculations; for example, gold is doing with only 11 trillion marketcap. Still, we cannot under estimate the potentials of bitcoin just because of gold as bitcoin got multiple other utilities to keep attracting more investors whereas gold is limited in that aspect.

Ten trillion to 100 trillion is something, I guess within reachable with current progress and beyond that, we must need some extraordinary things to happen. Anything possible in bitcoin ecosystem hence we can expect even quadrillion to happen in coming years.

There are so many apps that you can make use of , if you’re the type that is also into p2p trading , you can check out Paxful mobile app if you haven’t used it yet, it makes the trading to be easy.

Though I would say that anything you’re doing your computer would be the best, the good thing about making use of mobile applications is that they are going to make things to be more easier for you and you will be able to do those same things on a smaller screen and anywhere you are without stress. Just like a colleague of mine that used to trade in the office using his smartphone and you wouldn’t know he’s trading. But, imagine he carried a when laptop to work just to trade, lol he’s definitely going to get his ass fired.

You sound like perfect with your allocation of funds with purposes. Rental property cannot be possible in most countries unless otherwise I need to be a millionaire in my country. I do invest in gold in electronic format as that ensures more security along the way I am enjoying all the returns of gold investments. Surprisingly I may be having more than 70% of my saving in cryptos and remaining are stocks, gold etf and few other format of investments.

Fortunately bitcoin tops in terms of higher returns hence I guess having it in more percentage in my portfolio makes sense. Looking for passive income generation is something I having dreaming for years still there hasn't been any proper opportunity for me so far with respect to my allocated funds and time required to setting one up.

Governments sort of do hijack bitcoin. How do they do it? They can ban it, they can ban ownership, they can ban use of it, they can ban trading of it, they can ban many things, and even if they do not ban it, they could simply just make it very hard to use and have very bad regulations as well, plus governments are just people, they are usually just politicians, they are human like us, and they are usually greedy people.

Remember New York rule? New York decided to have a horribly difficult regulation, and then the politician who put that rule became a consultant for crypto companies to overcome those regulations, dude literally put something in place to make himself more money. So long story short, even if they can't take the control and ownership of all bitcoin, they could just make the world a very difficult place for anyone in the crypto world.

I am a bitcoin maximalist, and I believe bitcoin will be over 500k one day, and even I do not plan on holding my coins forever. There are two options for me (well third one is failing but that is not really an option is it, that's forced result) either my bitcoins will worth so much that one day I will be capable of finally retiring and being very comfortable in my life, without worrying about money and just focusing on living a great life, or there will be bitcoin used all around the world, like without need of fiat, so I will just use my bitcoins instead of ever using fiat again.

In both cases I will have lesser bitcoins, and they are pretty good reason to use your coins. What is the alternative, keep all of your bitcoin until you die and then tell your kids to hold them until they die so forth forever? That makes no sense at all, if you are not using it, it worths zero.

I have to say being a freelancer has problems in other nations as well. Think about it this way, you do not have social security, which means when you retire... well you can't retire, you do not have a social security that will allow government to take care of you, in my country there are things where you pay a certain tax which will later in life means you will be getting free money from government when you retire, why? Because you paid that specific tax, that is why, and for freelancers there is nothing like that.

I am a freelancer from another nation and I can tell you that it is really not easy for me neither, it is really difficult and I have been financially well enough thanks to crypto, but that was thanks to crypto, if I worked for fiat I would have been in horrible condition, this is why I would not suggest anyone else to become a freelancer, I like it, but it is really hard.

Honestly people keep talking about how it could be safe, or how it can't be safe but isn't that a bit more about what you understand about safe? I understand that most people talk about "very little risk to lose all your money, even if it means not making a lot of profit" but that is not it for many people who are crazier when they are trading.

I have a friend who throws 50k into any defi he finds these days, he wasn't a rich person about a year ago, he bought about 20k dollars worth of bitcoin when it was around 5-6k and it helped him get richer eventually, but the real thing came when he started to throw money into defi projects, made 2x here and 3x there and 5x something else and suddenly his 20k was over a million dollars, now that dude throws 50k into every defi thinking he could still 2x that, and if he loses to him that is safe because it is "only 50k", that is not the case for most of us.