Yes and no.
Bitcoin is indeed scarce. Bitcoin has indeed limited supply. Indeed, as long as there's demand, with the supply remaining fixed, the price will rise. But imho it's not that easy to grasp why there's such demand for Bitcoin.
All in all, the internals are clearer than its economics, because the economics imply human reactions, which, as you noted, can change over time.

So while I expect him to understand (if he cares) the internals, it could have taken indeed some more time to digest its economics and understand its potential.



Here's a difference. This guy is posting whatever suits him now, whatever he feels now and doesn't give a shit about the consequences.
Keep in mind that he's a billionaire hence he can live very well with or without Bitcoin ever existing. And he doesn't seem to take anything serious enough.


Edit: fixed typo

How about JP Morgan's Jamie Dimon who wrote the bitcoin is a fraud and some years later he admitted that he was wrong? He's also a person with BMA at Harvard.
People can make mistakes in their judgement. Admitting them, learning further, ... and I'd say that educated people have better chances to learn and move forward.
So I don't see anything fishy there. When Saylor finally understood Bitcoin, he also understood that it can easily be a gold mine.

Banksters were always working together with the governments. They always afforded to pay for lobby or directly the politicians, they were lately considered crucial for the economies (remember how much of tax payers' money these private companies received in order to not fall when their gamble didn't pay off)...

One year they receive money from governments, another year they don't pay taxes... caviar and luxury cars/boats have to be paid from somewhere and they don't intend to work for that money. Wouldn't you do the same if you could? Of course, they can declare another financial crash and receive even more money: your call.

Sadly, as long as politicians rule the world, this kind of things do happen.

1. We don't know for sure if this is indeed the case, we don't know if this is temporary, we know only whatever information we are allowed to find out.
2. Mining is a business. If a business man cannot do his business in a place, he may stop or may relocate. Mining can go well without China.
3. This world is way bigger than China. If China bans mining, it hurts temporarily, but it's good for long term. If China bans the use/trade of Bitcoin, it also hurts, but there are plenty of people in this world, Bitcoin will still be increasingly used and traded. And, as history has already shown, China bans on crypto just don't stay there forever.

And this reminds me....
I know that this forum is very open with the freedom of speech and obvious scams are not moderated. Still, maybe that Faketoshi Vision altcoin should no longer be allowed on BitcoinTalk. "Quid pro quo"

I was thinking if I should post in Press or here, but I find it more appropriate here.
The news is rather old (April), but it's tomorrow when the act comes into reality.

Starting tomorrow, the investment funds from Germany will be allowed to invest up to 20% into crypto assets.
I guess that it won't be the full 20% of 1.87 trillion euro tomorrow, but it's a good news and a good start.

The original (German) news is here: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
Google translated: https://translate.google.com/translate?sl=auto&tl=en&u=https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/

When I did trade, I traded certain altcoins vs Bitcoin, back and forth.
But @Yogee is right. Altcoins, especially those with lower volumes, can be (and are) much more manipulated than Bitcoin markets.
Also if something exceptionally good or bad happens on Bitcoin market, it's reflected automatically in the altcoins too, so if you trade altcoins vs dollar/stablecoins it may be even more complicated.

However, my advise is to trade the coins you know, those you are familiar with the development and whatever happens now in "their world", else you may get (easily) surprised by the price movements.

Pension funds are usually handled by private companies. So it's not actually Bitcoin who has to join, it's the companies who have to decide to make the step. And it's really up to them whether or when they do that.
Since Bitcoin is still seen as high risk, highly speculative and highly volatile asset, no wonder that most are afraid. But time works in our favor. Institutional investors "just" started coming in, we need a little more patience and probably the "labels" will become softer and more (including pension funds) will join these markets - directly or indirectly.

About gold I don't know, sorry.

And here comes the way the state and government gives a shit on peoples presumption of innocence.
These rednecks ruling the countries already see us guilty until proven innocent, just because we noticed that their printed paper is not as good as they want us to believe.

I was disappointed by Sweden, big time. They played pretty good until that red card (they were somewhat unlucky too). But afterwards they were busier to demolish the opponents than to actually play football, and that's a shame. 

England did very good against Germany and it could have been even more interesting if Mueller wouldn't have missed. The game could have ended with any of the teams wining. England was better and luckier.


And about the previous day's (wonderful!) games, did you see this? (I don't know if it's for real, but allegedly it was also published by Bild)

Sorry, but you're doing it wrong. If you go in this direction, you scream loudly that you have a burning desire to... get scammed.  Sorry, but the world is full of bad people too and you should be fully aware of that.

No. Don't go on that path. Really.
Just start from somewhere, anywhere. Think on what you want to know (internals, use, trading, collectibles, ... name it) and start asking clear questions. The people around here is very helpful and you'll get your answers, or you'll get directed to where you can find your answers. And don't forget to search too, since many starting questions may have been already answered.

Just do all on public posts, no private messages, no telegram and other channels. This way it'll be much more difficult for anyone to scam you.

I don't think that one can run a big scale business if the party doesn't know about it.
So it's actually possible to do this as a "return of favor" for allowing you to run your business and good electricity prices.


e-CNY is central bank owned and, like the paper currency, needs to be backed by gold, nothing has change there. I think that you may be mixing up certain things...

Well, from what I see on Coinwarz chart, it was 191 EH/s in May and it's 89 EH/s today.
https://www.coinwarz.com/mining/bitcoin/hashrate-chart

There are here 2 direction of thought:

1. China is known for big announcements that bring the price down. We don't know if and how much hash rate was taken down in order to be relocated and how much hash rate was just temporarily stopped in order to support the FUD/pump and dump game. And yes, I tend to believe that China together with N Korea may play pump and dump games with Bitcoin.

2. Bitcoin leaving China may be somewhat beneficial for their game. They are already beta-testing e-CNY. They gave out for free quite some nice amounts of their coin in order to have it spent and tested out. Bitcoin may be seen as an unwanted competitor for this project. And yeah, you may have to read how many things a govt can do with their own centralized e-coin, from surveillance to (automatic) seizing the funds of undesirables.

Electrum allows whatever Bitcoin blockchain allows. Hence sending funds to legacy addresses is fully allowed. There must be a misunderstanding and you should explain much better what's your problem.
The only thing I remember that may not work is that certain 3rd party services cannot handle Bech32 or SegWit addresses. However, please explain better your problem so we don't have to guess.

Now, if you really-really want to create a legacy wallet in Electrum for Android, one way would be:
1. Run offline(*) https://iancoleman.io/bip39/ or, better, https://github.com/iancoleman/bip39
2. For a few addresses copy the private keys (you may need this especially for backup)
3. When create a wallet in Electrum for Android, use "Import Bitcoin addresses or private keys" path. Paste the private key(s) or scan the QR you can see if you hover the private key on Ian Coleman page.

(*) Your funds' safety depends on how you generate, use and store these private keys. If you just open a website, stop the internet for a few minutes to use it the start internet again, that's not considered safe. Storing/transferring private keys via mail, dropbox or such is also unsafe. So I wouldn't do this for really useful/bigger wallets.

That's correct. Just it takes time and money. That's why I said "slowing down" and not "stopping" 

This is a good point, and imho the pumps and dumps of that altcoin should not bring him enough money.
Actually I think that it was OP who rose this valid question at some point in another topic: whose deep pockets fund all this shit show?

First, they may have to hand him a paper telling that he has to comply to certain things. And this may be difficult without an identity.
Second, COPA has also started this year a trial against faketoshi and after they win that one a second trial may be needed to "fix" this.
But what I'm telling is what I think it's logical, I don't know that much about how legal system works. (And the result of the current trial looks far from logical.)

Depending on what you mean by "do well". However, keep in mind that everybody (excepting Satoshi) has started here without Bitcoin knowledge.


There are various non-Bitcoin areas here, some may be of interest for you. Spend some time researching the various areas of the forum, it's big.
Just, you again come with that "do well". Do you plan to learn, discuss, help others, or you want to .. I don't know, "do well"...?


If you're willing to learn about crypto, you're on the right place.


While TA is similar, many other things - news, dynamics, FUD, and why not pumps and dumps - may be different from stocks. Keep in mind that this is more volatile and less regulated market.
So the ideas may or may not work to be adapted.

However, start by reading and adjusting. And ask clear/punctual questions.

I think that I've read somewhere that you can call him scammer on a couple of public channels and his lawyers may be searching you. It can be a start.