I think the main thing we can take out from this is that a company with 70+ billion dollar loss and incredible amount of money in their friendly companies backing it, could lose to bunch of people on some subreddit.

I get that they may have gotten a bit lucky as well but we are in a situation where people bought hundreds of millions of dollars worth of stock just to screw with one company and made them lose all their positions in the short squeeze, that is very important.

It showed us that humanity when get together could actually change something, it showed that in the war poor vs rich, poor outnumber rich by million to one and that means if that million gets together they can destroy that one easily without a trouble. Hence I think it is quite important that we focus on getting together and organizing, it would allow us to make a lot more money while losing rich their money.

How do you think Winklevoss twins have 1.8 billion dollars? Let's do the math and we will see how much they actually own. They said they own 1% of all bitcoins right? Well in that case we have 18 million 620 thousand bitcoins, 1% of that is 186200 bitcoins. Right now bitcoin price stays at around 37500 thousand dollars so in order to calculate the wealth they have ONLY ON BITCOIN we have to calculate 186200 times 37500 which is about 7 billion dollars. So, by logic they are already above except elon musk, they are the richest in the list.

I am not sure how much CZ has but I am sure there are some that we do not know about as well, so I think it is obvious that the list of names are 100% correct but the amount of money they own could be a bit different than expected, otherwise a great list. I think Warren Buffett doesn't understand bitcoin neither but Justin Sun gave him both bitcoin and tron so we could count that too if you only focus on "rich people who owns bitcoin".

Defi tokens do not have an instinct value, crypto doesn't have any, bitcoin doesn't have any. If you are looking for a logical reason for something to worth something, you are not going to be really comfortable with it in crypto world, there is no such thing here. At the end of the day we are in a situation where world requires absolutely no reason to value anything, look at doge and how it got sky high just because people pumped it and made some profit with it, they wanted it and they did it, so there was no reason for it to even be there.

Defi is not risky at all aside from getting hacked left and right and you may find that bad but crypto was like that for the longest time, even today there are crypto hacks, we just need to give defi sometime to figure out how to prevent it but this is not based on blockchain hacking, it Is a third party hacking as we all can imagine.

I think there is no real reason, he just likes attention and that's it. Back in the day there were tons of people who shared memes and so forth on his twitter, and there was a thousand times people tried to do "I am elon musk, send 0.05 eth here and I will send back 1 eth!!" type of scams under his tweets, so Elon got interest of that and he checked what it was and checked crypto and learned about it.

After learning what they were he shared something that got 10x more attention than anything else he does and we are talking about a guy who sends spaceships to space, dude is crazy and he is liked by a ton of people and even with that doge became the most liked thing he shared. So as a narcissistic person who loves being loved, what did he do? He just kept sharing more and more stuff that are memes of this situation in order to get more love from people he yearns so much.

I do not get this, why does NFT's even have a value I do not understand and thats something aside because that is a whole another topic, people need to discuss that differently. However I do not understand why one NFT would worth 130k?

Like I get it, I can't just screenshot it and paste around and so forth, you can share the photos of Monalisa online as well and that doesn't make you the owner, with this NFT method you actually have the ownership of art and that is quite important for some people I assume, still doesn't make sense why but I have accepted it so far. But why 130k? Why this one? I get that hashmasks is important artist in the NFT world but that is just one of his art and other ones are not this much neither, a lot of them are actually worthless, there are few that worths a ton, so people do not even know which one worths a lot and which one doesn't, what makes one NFT more valuable than the other?

I am not saying that there shouldn't be something people can't move into, there should be something but it shouldn't be Tether that's all I am saying. For example DAI looks to be promising, I am checking it and trying to find a way to see how it could go wrong, but the premise is the fact that your money doesn't stay with one person, it stays with you and that is the very important part of it, it is not Tether, it is not Binance, it is not any company or organization behind it, fully decentralized stablecurrency and I like that idea and I am still looking to figure out if there is anything wrong with it.

The need for some stablecurrency pegged to dollar and even other national currencies are there and I do suggest that it should happen, there is absolutely nothing wrong with that, however fact is that people need to realize these companies are not good at all and they are very risky.

I have to say it is a shock to see Mavs so low in the standings, I am sure the changes in the roster did cost them a bit of change but they are not really playing as well as they used to from the players that was around last year. I mean even Luka is not playing as well as he used to, last year he was nearly at MVP level and this year he is like a promising rookie.

I guess it happens, it is less than 30 games so far which means nothing, I believe we should probably focus on having a bit more why it happened instead of what happened. This is the same team that took Clippers on playoffs and nearly beat them, they were really really good, and Luka managed to turn some games around all by himself, so we know the talent is there, they are just having a rough patch and I am sure they will fix it but in order to fix it, we need to first know what broke it to begin with.

I would say ethereum is a good investment right now, everyone is acting as if ethereum going over the ATH price is a proof that it is too high right now and nobody should invest into it but the reality is that we have literally seen bitcoin go from 20k to 40k very recently, isn't that proof enough for you guys to see that etheruem could go x2 above the ethereum price as well? On top of all of this we are looking at getting rid of miners excess profit with eip 1559, add that eth 2.0 meaning no more miners, and also the replacement is staking which means people will buy ethereum and hold it to make more profit.

Basically at the end of the day we are in a situation where ethereum could be as high as 5k and I wouldn't be shocked, so investing into the second biggest coin having the best year of it is life with a great future is definitely a great decision.

It happens to everyone, but I have been able to get over this with the kind of love I have for the Bitcoin Technology; I like waking up everyday and looking at the digits in my wallets, though sometimes when it’s going low I might not feel much happy, but I still take the blow and continue and never worry about.

But I don’t see anything wrong with you taking your original investment and leaving the rest. If you want you can still continue with the whole money stored in your wallet. There are times I take my original money that I invested and also collect fifty percent of my profit lol just do whatever you think is right for you to do, and moreover I believe there are other things you can do with money.

It is mainly because dude is acting like a child, a child that did all he wanted to do and that's why. He lived a very very privileged life, he was born into a family that had slaves and mines stolen from the natives and that is why his father was super filthy rich anyway, and then he went to great schools that his father easily paid, never had any money problems since his father was sending him money whenever he wants to, then he started his own business with the money he got from his money, then merged with another company to make it better, and then simply sold it, and here we are today, with all the money he had he wanted cars and spaceships, not really something unthinkable, that is literally what a child would want but this is an overgrown baby child with shit ton of money. Doge is another thing he shows his child-like nature, that's about it, nothing more to it.

Mine came when I first heard bitcoin, trading wasn't really something I was comfortable with, I have been investing since 2009 to 2010 years, I think early 2010 is more correct. Ever since those days I have invested into anything I found valuable and underpriced, and by 2013 or so I learned about bitcoin and had a bit of money and I invested into it, and also mined it a bit as well, nothing too big and I sold it waaay early and made a bit profit but nothing close to this, I had a lot of bitcoins that would worth a lot now but ended up selling for few thousand dollars profit.

Ever since those days I do trades here and there, I am still mainly an investor, I like putting money into coins I like, latest is bnb which is third coin I like a lot, first two was bitcoin and ethereum. I just trade here and there when some coins go down under the price I believe it should be and sell when it goes above.

I believe there is a "slight" similarity but it is based on the fact that what people perceive them as and not what they are. Obviously crypto and gold are very two different things and that is why I think it is quite clear that people do not really see them as the same thing, they know they are different obviously. However even though they are two different things, in their own rights, they are also both can be used as store of value, a way to run away from ever devaluing fiat currencies and running towards having gold or crypto to save your wealth. I do not know gold number so I am going to go with bitcoin for an example.

Let's say you have 1 bitcoin at 35k today, you can buy a tesla with it (I don't know if you can, I am just assuming), 50 years from now, bitcoin would be 250k and tesla will be 250k as well, this means if you kept it as fiat, you would have 35k and can't buy a tesla, but now you can still get one. That is how people see both bitcoin and gold.

I think if we reach to those levels, which I think will not happen anytime soon, maybe not even in my life time, we could probably have not just lower decimals that would make things easier and basically solve the situation already, but we would probably have only rich people with high end investments going into bitcoin with people who look into few bucks stuff go into lower and lower ranked coins.

By that time ethereum would probably be super high as well, so will xrp and ltc and all the other big coins we know of, and that is why it wouldn't be really that shocking to see people using things like tron for moving money around, maybe even a thing that doesn't exist today that would make it simpler and easier to move money around and exchange it to anything you want afterwards with very cheap costs. I just think that we are not going to have that problem anytime soon, 1 satoshi per dollar is waaaaay away from us.

Gamestop is a lot more volatile right now because of what is going on but in the long term it is going to be a lot more stable you can be sure of that. Any stock could become more volatile than bitcoin in short term but in the long term no stock is as volatile as bitcoin could become.

Think of it this way gamestop stocks were stable for over a decade, never really do crazy moves, have a very crazy month or two and then go back to stable prices even to bankruptcy in the future maybe. Whereas bitcoin has been volatile for the past 10 years, sure it wasn't as volatile as this 2 months gamestop were volatile but it has been more volatile than gamestop for 10+ years except just few months. Think about it that way and you will see the point.

I do agree that it will never become a global currency, nothing could ever be, not btc not nothing however if anything has a chance to be a global currency it is going to be dollar for sure, bitcoin is a close second. Why?

First of all Chinese do accept dollars because they work with american companies and get paid in dollars as well and they are fine with it because they know america will pay their debt one way or another there is nothing that will stop them, however america printing whatever amount they want causes a bit of a problem, china has 2 trillion dollars debt they need to collect from usa but usa could print that and be fine with it anyway, it is a problem yet they still accept it.

Bitcoin as well because bitcoin is not tied to any nation and miners can do whatever they want but anyone with more money could destroy miners power very easily if they want to, look at grayscale and their power and grayscale is nowhere near JP Morgan or morgan stanlay levels.

Thinking that wallstreetbets do not know what they are doing is a funny outcome you could have from this situation. Obviously you may think that what they are doing is wrong and they are not going to profit and price is way too overpriced and it will go down and crash eventually but the reality is that they are not really doing something dangerous because most of them do not even care what they will profit from, all they care is the situation at hand that wall street is hurting a business.

The reality is that gamestop had a debt and it was in a bad situation, melvin knowing this bought so many shorts that they literally bought more than all available stocks and they were planning on bankrupting the whole business, some other company shouldn't be capable of bankrupting another company via wall street.

I can't wait to watch the derby, I mean the first one wasn't that shocking and it was a bit boring and I think it was a tie right? Plus there was so many players missing that game from both teams and on top of that there are so many new great transfers both teams made that will be ready for the game I think, if it was just a week or two later it could have been even better, Onyekuru looks ready and started firing from first two games but GS still missing Fernandes I think, whereas Fenerbahce is missing Irfan and Mesut for now, will probably be ready to play a bit those games but it would still be better if they just played a week or two later when all these players were more ready.

In any case, this is going to be one of the most fun games out there in the league this season, plus it will also make the difference either zero points or 6 points (or keep it at 3) and that is really a big difference even though the league is quite early on right now.

I think the main idea is that to share your own thoughts and see how many people agree with you and make a decision based on that. It is not to ask advice from a person who knows it very well but more about sharing ideas to see what is mostly thought about.

By your analogy we could say that this is more about how a ton of weather forecast channels all get together, all share their data, and everyone who uses line of logic says something and people decide based on that, if 100 channels with 100 different weather data get together and 90 of them says there will be rain tomorrow, it is not 100% guaranteed that it will rain, but you still take your umbrella with you just in case anyway. This is the same logic, if 100 people were asked what will happen to eth in 10 years and 90 of them says it will go up, you might just hold to your ETH just in case.

Those three coins you listed are very different three things that can't be all covered with one statement. Ethereum is a coin that is second ranked and have no problem and nobody that is under investigation would hurt it and nobody can pump it to 10x higher in a day because it is tens of billions of dollars that requires that. Moreover, ethereum 2.0 looks promising to people and everyone buys because of it, back in the day it was just an idea but with last December it became a reality that we are on that path.

XRP on the other hand is coin of the Ripple company and they could be investigated unlike the other two coins you named, and if Ripple company bankrupts that means XRP is worthless, which is why this SEC investigation is important and makes XRP risky. Doge on the other hand is a lower level coin and it is a "meme" coin and doesn't really stand for anything but for just giggles, you could invest into it for that reason but buying it for profit is still risky.

I believe it is obvious that people who want to trade defi and people who want to trade older coins are not the same type of traders.

If you want to trade on defi that means you are willing to take more risks for higher rewards, you either put some money in and make 5x return or you lose 100% of it via some rug pull if they do that, there is really few in the middle but it is usually either go big or go home situation for the defi traders, whereas in the older coin generation we are talking about making 50% profit as a great thing or 50% loss as a great loss and that's about it, we do not invest into ethereum and lose all our money, we do not invest into ethereum thinking it will be 10k neither, it is going to be something between 500-2k for a very very very long time. Sure there are times when all coins go up a lot but those are investors deals and not trader related honestly.