All of this withdraw to lower levels gives me even more hope that Tom Lee could be actually right this time around. People are forgetting that when bitcoin goes down it goes down HARD and very swiftly, when it does moves like this I know that it is getting ready for an increase.

There is mathematically no way that bitcoin could stay at these prices for a long term because it would hurt the miners most and we are talking about people who are capable of mining and selling around 1000 bitcoins (and maybe some altcoins as well) so they do have a power and a say in this and as long as they actually support the bull side, we are not going to see these prices for too long. It means we are around these prices maybe for another 6 months or so but eventually it will have to get higher.

The trend is still bearish? What are you looking at? Are you sure you are talking about bitcoin? We started the year at $7k price and now we are at $9k, just because we moved from $10k to $9k doesn't negate the whole fact that we moved from $7k to this place, we are certainly not in a bearish sentiment at all.

Check the forums if you want, you will see there are a lot more messages and topics about how bitcoin will be $20k+ then topics about bearish drops in numbers. Think whatever you want to think about the price of bitcoin in the future, that is something we can't predict correctly because we can't see the future, but when you start to talk about the past we have the data and charts about the past in order to say what really happened or didn't happen and there was definitely no bearish and there is currently no bearish sentiment in the markets.

I am not shocked, there is less and less money in the world and there are more and more money in the whales. People assume companies like amazon or wallmart can survive with getting richer and richer but that is not correct, when your workers go hungry, they are not going to use you.

We need to find a way to bring money back to poor people and help them get better instead of forcing people to work at 2 different jobs to survive.

I have recently read somewhere that one dude has 5 jobs, he has one job that he wakes up at 4 am and works until 1 pm, another job that starts at 2 pm and ends at 8 pm and he drove uber after that, he also had a part time gig for two days a week for covering when he has 1 day-2 day breaks from his regular job because they are 5-6 days a week jobs, so he covers his free days with another job. Dude was not making too much money, that dude was literally barely living.

I still can't believe we have about 8 billion people on earth and we are dealing with just 25k people infected and only 500 people dead and for some reason everyone thinks this is going to be end of the world.

Why is everyone so worried about a sickness that killed 500 people? You do realize that just from heart attacks there are millions of people dead every single year? From cancer there are another millions of people dying or dead as well? We are talking about a virus that killed only 500 when we are already dying from sickness in millions.

Cancer could be cured a bit but it is not really pushed towards a medical cure by the governments, if we invested the 2+ trillion dollars a year world spends on military towards medicine, AIDS, cancer, heart failures all would have been figured out by now, 500 would seriously be something important, but for now? It is nothing compared to real problems.

I believe, if you find a hedge fund in regular stock market, you can trust them more than you trust crypto because in the end you may lose your money the hard way of losing value but you are not going to get scammed there. Can you think places like JP Morgan ever saying "we got hacked, bye" and just leave? That will never happen, not in a billion chance. However in crypto, the hedge funds are riskier, they can do that and that is why they are not trusted so much.

Crypto is better than fiat, but fiat companies are better than crypto companies, that is the biggest dilemma about this subject. What could make this a perfect combination? The fiat companies finally going into crypto. Think of all the trillion dollar companies finally going into crypto, that would be the dream.

Yeah, this has been one of the biggest troubles of banks all around the world for probably over 5 decades now. They do not really have the money they say they do and that is the problem, if everyone that has money in the bank withdraws their money all together, even central bank cant save that bank and that bank will go bankrupt eventually and not be able to pay some of the people that has money in their bank accounts.

This is both horrible for the banks but at the same time amazing for them since nations and governments will try to save them as much as they can, which means banks can do whatever the hell they want with blackmailing the countries into saving them if anything goes wrong. You open a business and if you go bankrupt nobody saves you, banks do silly risky stuff and if they are in bad situation they are saved.

Not everyone is like you think they are. Sure there are people who do want to make money as quickly as possible but there are also tons of people who want to have a portfolio of crypto currency and they want to rebalance it constantly and increase the capital etc to keep it interesting.

I literally started all of this with zero money and now have thousands in my portfolio all thanks to keep investing into stuff long term when I trust them, sometimes I did sold stuff that I heard bad news about but I still have few coins that I have been holding for years now. That is exactly what some people prefer and that is exactly what the speculation is basically against, if you do speculation and some person do not care about it and just holds it for years, speculators will not profit thanks to them.

I guess considering even the famous twitter ETH one got like hundreds of thousands of dollars in total (not all at once but combined total) I am not shocked that people are still trying to find a different way to scam people since there are so many gullible people on earth.

Think about it, there were people who opened names resembling Elon Musk and then they asked people ethereum in return of giving more ethereum and some people fell for it, that is as idiotic as I can think of, it requires almost no work, just write under Elon's every tweet and then people will give you money. If there are people who are stupid enough to fall for that type of scam, I can only imagine how much people could make from bigger scams that look a lot more legit and professional.

The problem here is the fact that there are more people joining compared to other places usually. I say usually because that is not the issue some of the time. Which means if you give out 20 thousand dollars worth of bounty to 200 people it is still worse than 2000 dollars worthy of bounty to 10 people. Of course the margin is not that clear but still the problem is literally that.

People who claim those lower level bounties are low in numbers so they claim a bigger portion of the pie whereas the pie is bigger here but there are also a lot more people. Per person payments are closer to each other because of this. Still this place definitely does pay more, but it is not as clear as you think it is, it is just a hair more than the others which is the reason why there are complaints.

It doesn't really require any experts, neither requires any sort of golden cross or any other TA when we are talking about the long term. Simple fact is that there are more and more machines sold for mining every single day, there are more and more machines that plug in and start everyday as well, sometimes there is a generational difference between machines so old ones do not profit and start to close down while the new ones get bigger and bigger in number.

What does this do? Increase the cost of mining 1 bitcoin, well put the halving on top of that, what do we have? An insanely hard bitcoin mining situation. What needs to be done to keep that up? Increase the transaction costs AND the price of bitcoin. It doesn't have to be right after halving but it will eventually happen.

When nations or basically governments do not know what to do, this is basically what they do in order to cover the difference and keep people waiting. They create something that will hold people off for a while and in return they will use that time period to advance their laws and find a better way.

You cannot just become a fully legal crypto country overnight, you have to have serious amount of discussions and talks and research etc etc that will take months even years to finally do something which means every government needs some sort of "placeholder" for their nation in order to keep going if they do not want to leave it at a gray area.

You will see, this is a temporary thing in Russia and in at most 2 years we will see something a lot more detailed in place instead of this.

The thing is global money isn't a must plus it is also a horribly difficult thing to achieve as well. Everything you have written have good intentions in it and I understand why you would want something like this but the reality is that politicians are the ones who will decide on things like this most of the time and they do not want this to happen in order to not lose power.

If a politician has the same level of power as any other person and if a politician is held accountable for their actions like any other worker who gets fired for being bad, that would mean end of bad politicians and all their bribe money which they will not allow. Think of it this way, the world is running out of time and human species will be gone soon if we don't do anything about it, yet politicians get paid by oil companies so they do nothing about it. When you think that, you will realize why your system won't work.

I still think the best is yet to come out and hasn't been around just yet. I know that sounds silly because crypto world is now over 10 years old and all the big ones that happened already happened etc. However, we haven't seen any company that worths over trillions of dollars to go into this just yet.

All the websites we know of right now, all the designs, all the features, basically everything you have seen could be improved. Even binance, with the amount of money they have with the profits they are making, could afford to hire the best of the best developers and designers and creative thinkers to make the website a lot better, they can even afford it, may take a lot of time but could afford it anyway. So, to think that a new player may one day see how much profit these places make and can get in with billions of dollars in investment to build one and then start and takeover the market sounds possible to me.

I think this is not about "which coins should I get" but more about "how do you decide which coin is good" basically a way of saying "do not give me a fish and feed me for a day, teach me how to fish and... fishing is not really that hard". Basically whatever we do to decide which coin is the one we buy is the thing he wants to know about and not the coin we ended up buying, the method we use or basically the path we take, not the end of the journey.

I personally look at the volume first which is very important, liquidity second, the community third, and the team behind it if there is one (like bitcoin don't have one, so there are ones like that out there) at the last because team is not that important, if a coin is really good, it goes way beyond the team, look at litecoin and Charlie Lee for example.

Thinking that economy will belly up is not really something new, it is a 3000 year old tradition in humanity because unfortunately finance never lets us down when we expect it to let us down.

Just because we lived the 2008-09 era do not think that it was the first one, in the past thousands of years of humanity there has always been bubbles and there has always been crashes that go beyond everything we see on regular days right now when you live in a decent nation, even the biggest roman empire of the time had hard time paying for food, water and wine the basic things for life in those times. Sure there will be another financial crisis one day, but that doesn't mean we have to do anything different with our lives, because it will happen and it will leave.

I definitely agree that everyone should have at least one coin that is not know so well or at least not highly ranked because those are the ones that could potentially give you the x100 increase in your profits, that is not common.

Bitcoin or ethereum or any other coin that big will never do x100 quickly, it may do it over 10 years but not inside a year, a coin that is 652th right now however could go x100 tomorrow inside a day and none of us will be shocked. That is why I always suggest putting 90%+ of all your money into top coins since that is a lot more safe and still profits even tho it is better profits than stock markets or gold, it would be still less than smaller altcoins like ARK, however if you put 5% or at most 10% into coins that could do x100, you may end up losing money more often than not however you can go x100 eventually as well and that is a gamble every should take with a small portion of their bankroll.

When you look at it, there a tons of people who became rich while gambling but maybe not the way you assume they did. For example there are tons of poker players who are millionaires because they know how to gamble and constantly gamble against other people online which helps them make a ton of money because they know what they are doing while others do not (or at least not a professional level) and these professionals also join tournaments that they make millions from as well.

Lottery winners are another example, they spend peanuts compared to lottery amount and one person always wins and they make a ton of money from it, not a systematical talent thing and pure luck but it is still gambling. Sure maybe not many dice gamblers who are rich but it is still gambling that other ones made their money from.

Like everyone says, it all depends on how you play and how much you play and how much you have. If you are a rich person gambling with small amount of money that won't hurt you, it is a total fun that won't hurt you, hell people who are wealthy enough increase that wagering into buying teams, that is the ultimate gambling.

However, if you do not have too much money and you insist on gambling with the money you do not have that is a threat. I have met with a guy who had 70 thousand dollars in debt to a sportsbook/casino (which is wrong by the casino, if dude doesn't have the money for it, do not let him gamble) all because he took out loans from them to keep gambling, now that is as threat as it comes. However there are also tons of billionaires who love to gamble for few million dollars a day and that is nothing to them, less than their savings interest income.

I think the best thing you can do is to go at crypto.jobs and see what people are looking for from a business to hire. That is not enough but at least that will set you up in a path that will eventually help you earn bitcoins instead of buying them. After going to that website or any website like that (you can check reddits jobs4bitcoin as well) you will see what is the most thing people are looking for, companies are looking for.

After deciding what you can do from those things, you can build a resume, go work for free if you have to and build a resume, after working with a lot of projects (even if for free) you will have a resume full of stuff that you did and you can stand out from everyone else, when people ask you what you have done so far to get that job, you will be able to show them what you have done and have a good portfolio.

From the chart that Great Arkansas showed, I think the biggest issue I see there is the 10 million that was printed way before anyone actually joined. Most people joined during the 2017 peak and one of the main reasons why bitcoin mining didn't see the attention GPU mining did all because basically over 70% of all coins were mined anyway and people didn't feel the need to be part of something that looks like going lower and lower instead of profiting them.

If it started out with 4 million went down to 2 million then to 1 million and now to 500k and continued like that in order to make it a longer stretch that would actually make bitcoin a lot more profitable, we would have 7.5 million bitcoin mined only right now instead of over 18 million or whatever it is right now.