Where is the tip? You've written a lot of words but no tip. Yeah crypto is irrational but the same as the stock market, as Newton said, he: "could calculate the motions of the heavenly bodies, but not the madness of the people" regarding the stock market.

The best way to make money in Bitcoin is just to buy and hold. If you don't have enough money to buy at once, just DCA, buy and hold buy and hold, wash rinse repeat.

I think you would be more successful if you replaced those projects with, or at least added a project to save those lots of people who are dying in the short term from the COVID vaccine.

I guess that the guy who wrote the article, as the last dump was attributed to sales by F2pool, went looking for transactions in this recent dump to explain what had happened.

Yes, of course, I am going to do what you say because you say so.

Actually, what history has shown us is that the most profitable way to get rich with bitcoin is just buy and hold. It saves us a lot of stress and headaches too. You are trying to time the market and those who play with fire will get burned.

What?

It is not clear to me if you are referring to when it was introduced in the beginning or when it was introduced in the freebitco.in platform but no, it doesn't matter. Not at all:

https://coinmarketcap.com/currencies/funfair/

You can see it there. When it was launched it was pumped and then the price went dead until recently just like a month before freebitco.in announced the rewards program, but then just after few days it started to drop. So, we see the same patter in both cases. Don't tell me that the price: "has been going up ever since it was introduced on the platform"


Yes that's what's probably happened.


Good for them but that does sound emotional to me and not rational at all, because if you are going to lose 99% of your investment, as it usually happens with many shitcoins, a couple of free spins more or a little bit more cashback/interest is not going to compensate your loss.


Yes, of course, just because you say so.


As I said before, I am not a gambler, so I don't care about the rewards. And no, I haven't invested 100 grand, just a small percentage of my BTC holdings, but I don't like losing any and I think I can discuss here what's happening can't I?

I assume you are indirectly referring to me. In the end I think I'm going to put you on ignore because it's been a few times now that you take half of what I say and twist it to answer me, distorting it. But going to the point: where are those lots of people dying shortly after vaccination? Put links please.

Otherwise all you are is a charlatan.

And I am telling you this, although I have said several times in posts about COVID that I understand at the very least it has been exaggerated, that I don't trust vaccines at least in principle, etc.

I do not want to defend him here. As I commented in the other unban appeal thread, he was getting paid in the signature campaign about $45/week. He writes in Turkish, so maybe that money is enough to buy food or partially cover his expenses, and, assuming what he says is true, I suppose, as you say, that he took a loan to pay for his studies.

In any case, it sounds to me that he says it to make people feel sorry for him. If he is studying that he has a promising future and while he is studying he can try to get some income either online or live. This is not the only possibility in the world that he has to earn a little money.

Yeah, according to the spreadsheet he should get 0.00096BTC for last week, it's about $45 at current price. He was talking about living expenses. He might not pay all of them but he might buy food or partially cover them.

I agree with the other fellows who think this is a normal correction, period. The reason is we can't up forever without drawbacks. Some of them are going to be small and some other bigger but for me this is within what was to be expected.

I think this is a normal scenario. We weren't going to go to $100k in a straight line (kind of). Fundamentals are there. In general, demand surpasses supply. If these days prices go down it is because some big whales are selling big chunks, like it happened with the previous retreat, that F2pool had been selling big amounts.

Then it seems to me that your case is lost.

I really don't understand it, the other day someone got caught for reusing the address because his previous account had been banned, as it has happened many times before, and now this. It is so easy to put the source and comment on something about it.

I've spoken with him through PMs. I wouldn't say it's a case of abuse because it doesn't look like he's getting anything in return and it's hard to think that all those people are friends of his and he gives them the merit just for that. He's made me believe that it is more of a naive issue, that he was trying to help the campaign thread. Anyway, I've asked him to stop meriting people just for applying and he's said he will.


For me this is enough.

I'm not pro-vaccine but I'm not closed-minded either. It is normal for some people to have some adverse effects, it happens with all medications. For me the important question is whether vaccines are going to have serious harmful effects in the short and long term. In the short term they do not seem to have them, since millions of people are being vaccinated and the serious reactions are statistically speaking negligible. We will have to see what happens in the medium term. If in a year's time no serious reactions are observed in the long term, we will be able to say that they are safe, even if they give slight reactions in the short term or if some people may suffer serious reactions.

Yes LOL. When BTC price was going up, altcoins were going down, and now that it's going down they also go down. So they go down anyway, therefore better to just hold BTC.

Shitcoins or this token going down in Bitcoin terms doesn't worry me as much as going down in fiat terms, which is also happening


When can I expect to be bullish? All freebitco.in userbase knows about the program. When can you expect they are going to buy more than now? Freebitco.in userbase isn't able to drive the price up and they are not going to buy more in six months than now. Everybody know about the rewards program already. This is not about being emotional. This is a rational argument. Freebitco.in demand isn't able to drive the price up in the first weeks and the main argument to think that the price was going to appreciate was that they freebitco.in userbase would drive it up as it was announced and I already quoted in this same thread some pages ago.


So, what?


He what?


This is not about being emotional. On the contrary, this is about being very rational. Give me one rational argument to think that freebitco.in userbase demand will drive the price up when it isn't already that isn't based on the faith you have in the site like you have faith in God.

One thing is the price of Bitcoin and another thing is what happens to the price of shitcoins. I am a long term investor in Bitcoin and in the stock market, I have been for quite a few years now. But to think that shitcoins are going to behave like the Bitcoin or the S&P 500 is quite naive because in most cases the only thing they are good for is to lose purchasing power in terms of Bitcoin. That is when they are not part of pump and dump schemes from which only a few benefit.

Regarding the FUN token, I see it quite wrong. Today it is even going down in $ terms. I think all of us who buy are at a clear loss whether we reference it to the Bitcoin or the dollar. And I also think this is not what the Freebitco.in team expected.

I invested in the token, and it is the only time I have invested in a shitcoin, because Freebitco.in is behind the project, but I plan to cut losses on March 15 and forget about it.


Yes, but the pump occurred just before the token started to be sold on the freebitco.in website. And the dump started just a bit after people started buying. Food for thought.

I'm glad this thread has gotten responses on a board that is so dead, even if most don't agree with what I say. Once I've stated the idea, I think I'll stop commenting on the thread although I'll leave it open.


Yes, of course. I just had that idea, and language is too complex to think that now I make up a meaning for that word, and everybody is going to use it like that. And even if everyone in this forum started using it, that doesn't guarantee that it would be adopted in the rest of society.

That said, personally, "whale" seems too indeterminate to me, and my definition is more concrete but, as I say ,maybe people will continue to use that term or start using another one to refer to people who are Bitcoin wealthy.


Really? I think I have stated my definition various times and it is pretty clear but I'll repeat it again: a Bitcoinaire is someone with Bitcoin holdings equivalent to a house of a median price in the US plus 10x the median income (in the US, but you can apply it to other developed countries).

Anyone owning a Satoshi isn't able to buy a house and even less with the rest of the Satoshi is going to have 10x the median salary.

It will probably never be used as such, but it will serve as a frame of reference for me to measure wealth, no matter how much purchasing power the dollar (or any of the other fiat currencies) loses and how much purchasing power the Bitcoin gains.

At this point is there any credible prediction saying that we are not going to reach that mark? Only bitcoin haters and nocoiners say that. This is the most likely scenario and the surprising thing would be to see an analysis from someone who understands Bitcoin and its market saying we won't get there.

Also


Why? The suffix -aire doesn't mean "someone who has a million something". Would you say a legionnaire is someone who owns a million legions? I'll answer for you, no you wouldn't.

Actually let's see what it means: "a suffix that forms nouns denoting a person characterized by or occupied with that named by the stem, occurring in loanwords from French: concessionaire; legionnaire;millionaire."

So if we look at the meaning of concessionaire: "the holder of a concession or grant, especially for the use of land or commercial premises or for trading rights" or legionaire: "a member of a legion, in particular an ancient Roman legion or the French Foreign Legion." we could say that a Bitcoinaire is someone who holds Bitcoin or is a member of the Bitcoin world. If we want to add the sense of "millionaire" we can specify parameters of what you can buy with your Bitcoin holdings that do not depend on the depreciation of fiat or the appreciation of Bitcoin, but no, the suffix -aire doesn't mean "someone who has a million something".


That's what I'm trying to say. But ten years after that it may mean a wealthy person who owns less than one Bitcoin. I think we can establish an objective measure if we talk about someone whose Bitcoin holdings are worth a median house in the US (or the UK or the Euro zone) and 10x the median income.

Yeah, that's for sure. I also believe that it has more of a future as a store of value than as a currency. If you live in the UK you can think of something similar but in pounds, those in the Euro zone in Euros, etc., but the frame of reference has always been the dollar. When global statistics of millionaires in the world are made, they take as a reference $1M, it is not worth counting those who have 1 million Bolivarian pesos, for example.

It would be more like to have so much in Bitcoin to buy a median house in the USA and 10X the USA household median income, to summarize what I said before.

I think if Bitcoin is adopted massively, whether it replaces the dollar or not, that term, or some similar one will have to be used, because at the rate the Fed is printing, $1M is going to lose half purchasing power in a few years 1 a BTC is going to gain a lot of purchasing power. So, if 10 years from now, to give an example, we have a group of people whose main wealth is in Bitcoin, I guess it won't make much sense to call them millionaires.