Should you even care about volatility caused by the rich if you aren't trading?

For me there's always a good price to sell maybe once a year, sometimes more, so if I ever want to do it in a certain time I'll be able to. Like now we had 60 thousand in 2021 and we are going to have 50-60 within the next 12 months. If that's your target it's going to happen. In 2022 you'll probably see 80 thousand and more so if that's your target yo will eventually reach it. Don't spend too much time worrying about things you cannot control.

Looks like they're doing what China is doing. Banning Bitcoin to push through their own centralized digital currency.

It's not good news for real crypto because centralized cryptocurrencies are representing everything that Bitcoin was made to fight. It was made to let people become their own banks, not use digital fiat money made to look like a cryptocurrency.

This is the thing with Bitcoin. It's so popular that people who talk about it suddenly become popular. Just look at some of the crypto youtubers and TA analysts. They're almost never right and they love to repeat FUD but they make money doing so just because they talk about Bitcoin. Most of us wouldn't ever know about Michael Saylor if not for his opinions about Bitcoin.

I like him because I'm very bullish about Bitcoin and if his opinions make people hear about it and start learning then there's nothing wrong about it.

Not everyone has to won and use bitcoin just like not all people in the world use USD. I've never had USD in my hand because there was no need to. It's not an accepted currency in my country.

If you don't need a decentralized payment system and are fine with having your money in a centralized bank it's all good. There's going to be many similar people who will never use bitcoin.

Also there's this thing that at this point there's maybe 15 million bitcoins in circulation not counting lost coins and there's much more than 15 million users so the distribution has already happened. You don't need to waste time thinking about how it would happen because it's happening every day without our help.

100 years is a long time. It's hard to say if there even be life on Earth in 100 years. To give you a perspective 100 years from now people were barely able to fly. There was almost no commercial airlines and most of the traveling was done by trains and ships. Now we have electric cars and supersonic jets and millionaires are sending cars into space

I feel like there's not going to be a normal currency in 100 years it's all going to be electronic. Fiat money will be dead and you'll be able to see cash in museums. Everybody will use electronic currencies and crypto but will Bitcoin be good enough for that period is hard to say. Bitcoin will probably be what a a steam powered ship would be for us now.

Shows how much real value the coin has. If someone's tweet can make it go up by 70% then someone's tweet can also make it go down by at least the same amount.

Who are the morons who buy these? I get that someone thought to make another meme coin based on Musk's tweets but who the hell is dumb enough to put so much real money into this manipulated shit that is sure to dump when its creators cash out or when Musk says he doesn't like it anymore?

For me it's an idea that counts and if they have features that disqualify projects in my view.

Premine, centralization, copying or forking another coin. This things mostly disqualify a project in my eyes but there's more like a fake team or an anonymous team, how the site is build, are they paying for reviews and articles, are there any known scammers in the team... There's a lot of stuff that I look at and I never invest in new projects. I always give them some time to get listed and such.

It's possible if you get lucky but ICOs are a thing of the past now. You have more chance of getting profitable with defi than ICO at this point, so why take additional risk if you don't have to?

I'm all about safe and steady returns so when I buy altcoin projects I usually go after things that actually have an idea about what they want to achieve. The profits with such coins are usually lower but so is the risk. If I want to gamble I'll go to a casino.

Were you really expecting assurance? If yes then you're in the wrong place.

With cryptocurrencies assurance is a sign that someone is trying to scam you. All the projects that were promising great returns were scams. There's no such thing in stocks and there's no such thing in crypto and all other investments. If you want someone to promise you big money with no risk you shouldn't invest at all.

If there's a recovery it's not going to happen because of Musk. People are fed up with Musk and it's about time he stopped trolling crypto.

Dogecoin is down a lot and Musk did all the damage he could. It's not going to recover if he starts posting stupid rhymes or whatever. Those who got burned by his manipulation are already out of there and thinking how they could be so stupid to buy because of Musk.

That's because meme coins have no intrinsic value. They are made for speculators and traders to have some fun and they have their place in the system as pump and dump coins.
Since Dogecoin was made to make fun of bitcoin actually investing in it is stupid. You're paying money to someone who doesn't respect bitcoin and thinks anybody can make a woirthless cryptocurency and make money from it.

I don't think it will ever happen. One of the US senators recently advised people to buy Bitcoin for long term investment so that they can have an alternative to the US dollar pension funds.

If they ever try to ban it there's going to be a lot of resistance from the politicians and people. Nobody wants to be the one who bans something and makes a lot of people unhappy.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

The congressman is nuts to think a decentralized system can be made to comply with this or that. It's like telling all the ants in the world to move away from neighboring houses and into the woods. I'm sure they'll listen.

Demanding Bitcoin to do something is a nice way to show you have no idea how it works.

They used to say that burning natural gas is good for environment when compared to gasoline or coal, so we could call this power plant green, yet some people are so into attacking bitcoin that now even this green operation is bad because it suddenly emits greenhouse gases. Meaning what? CO2? All of us do it, planes do it, cars do it, nobody stops cars and planes from operating so what's the big deal?

Why don't they try to make use of that. The power plant discharges hot water so maybe you could build a swimming pool and a hot spring spa or whatever nearby and make money for free? You could divert some of the water towards residential buildings and heat them up for free.

I'd pay to take a bath in a warm lake in winter and I'm sure I'm not the only one.

I told a friend that I had some bitcoins in 2017 and he bought just a bit. It was maybe $1000 worth of coins. It was maybe 0.3 btc back then and now that's worth almost 10000 USD. He is still holding and is quite happy because it's that money that is going to help him get his own apartment. Since that day he bought even more and got some of his friends into bitcoin, telling them that buying in 2017 was one of the best decisions he made in life.

Low supply can mean greater volatility. It doesn't have to be volatility to the up side, at least short term.

In the long run though it should mean higher price because sooner or later someone will want to buy a lot of coins and we all know that most orders are packed near the current price. When you break 20% above or below it you enter either a crazy rally up or a free fall down. Decreasing supply means decreasing sell pressure, so if nothing changes in the next 6 months we could see a winter rally to 100 thousand.

Good luck with your mining, if you can finally get money to set it up. Usually getting a single rig isn't very profitable because you have to spend as much time watching a single machine as you would with 3 or 4 of them. Time is money

If you need serious money, like 2000 usd, it's going to take a lot of time if you try to use this forum. Forums like this one are great if you want to make that additional $200 a month, but it's hard to make more, unless you sell stuff or provide loans.

In other words a perfect father figure

His wife is probably set for life anyway because they had to have some cash in the house. That is of course if the IRS doesn't go after her because a person who inherits the estate also inherits debts.
It would be a funny story if a well known security expert would hold his wallet password written on a sticky note attached to his desk. It happens quite often in this profession.

Decentralization is one thing, but there's also the free market with its supply and demand.

Whales can manipulate the market but they also take much greater risk than you. They need enormous amounts of fiat currency to be able to crash the market. 100 million USD is not much when you try to influence bitcoin.

Also, to sell they need to buy first. Do you have 100 million USD in bitcoin? If you had it would you risk it and hold it on exchanges to earn 10% a month trading it?

It's easy to say whales this or whales that, but how many of us know anyone who's even cloise to being a whale. We hear about people like Michael Saylor, Dan Morehead and others, but are they really manipulating the market? They are long term investors, so who are this whale players? Jamie Dimon?
I think people are using this term to explain market sentiment. Sometimes it's not whales but overleveraged traders getting destroyed.