Last few days we saw making history after Mt.Gox. 55 million people got affected and lots of projects are on the brink of collapse. One of the major ecosystems Solana also having a hard time because of its exposure to FTX and Alameda. Why this is happening?

Satoshi saw a dream of financial freedom by eliminating all middle man. That is why he created bitcoin as peer-to-peer electronic money. But it seems people do not like that freedom which is why centralized exchanges have millions of users and they are playing with people's money. Mt.Gox, FTX, and all other centralized exchanges are the same. They are a threat to crypto. Do not keep your funds in those centralized exchanges. Not your key, not your funds. Dex is the future.

After seeing what happens with Luna, UST, and FTX I think satoshi was wise enough to keep himself anonymous. When people know what you have they try to find your weakness and broke you. CZ knew FTX doesn't have the reserve they were talking about so he takes advantage. If CZ doesn't know that this may never happen.

Retail investors are the blood cell of the whole bitcoin ecosystem. Without them, bitcoin will be a ball for big players who will constantly battle against one another to take them down. Regulation may give them safety and assurance that someone will not try to gamble with their money.

I fear those who can manipulate the market. Retail investors do not have the power to do market manipulation. Actually we need more mature retail investor to lower the whale influence(I am not talking about speculators who will react instantly after a news release). People should use non-custodial exchanges or wallets to secure their funds. It doesn't need any fees to open and if you are long-term investor gas fees are not that insane either.



TBH after what happened in the last couple of days, investors will remain fearful of keeping their funds in custodial exchanges. If 16B worth of exchange can fall to zero overnight, this can happen with other exchanges too. None of them show transparency about their reserve so investors won't trust centralized exchange until they make their balance sheet public.

If you are really interested about I am doing what I said or not then I will share it with you. I have already invested some money in various asset classes though it is not a big amount it's still big compared to my age. Also planned for starting my own company with my friends and we have a project that is directly related to production. I am still young at ages so I think it's not that bad what I have done already. It will take time and a lot of words to explain my business management so that could be another topic.



Agree with that but I believe that good luck is with those who tried to do something. Also making a business strategy before starting is important though some ignore it or give it less priority.

This post is not for merit fishing. I just expressed what I feel for myself. I valued your opinion and criticism. We have different points of view and lack of knowledge so there is always something to learn from a veteran like you. I am still learning.

I agree upon "the world needs wage slaves" but there is no shame in trying to get out of the rat race. The word business in OP refers to investment also not only for a traditional business like being a company owner. A few months ago I read the book 'Rich dad poor dad". I saw myself in that book. I can see why I am from a middle-class family and my father has never been able to get out of the rat race. Actually, he never tried to and most people do not.

I think sometimes we have to repeat some topic because of its importance. People forget these over time. So it was just a reminder for everyone to do their work.

We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

You can say yes they do. They do monthly savings for their retirement plan.

But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.

So what can we do then? We have so little to grow a business.

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.

It makes the already centralized system more centralized. Now govt can make you broken in a second by freezing all of your assets. This system will not be sustainable and people will be more focused on cryptocurrencies instead of CBDC. In Jordan people are already using USDT for local trade as their economy is broken a few months ago and their fiat currencies become worthless. It's clearly visible why crypto will be on the mainstream.

If you have a property you will sell it low or you will try to get as high as you can? Property price depends on many things like its position, demands, quality, etc. When transportation price increase food price increase too. This also initiates price hikes of other commodities and assets too. Recent global fuel price hikes cause price hikes in every other sector and real estate is no exception.

It stuck in a mad. Waiting for the earthquake to swallow it down.

This will happens when you ignore your economic needs and listen to your big brother. If Germany can't get cheap Russian gas then they will be forced to buy expensive gas from the USA. The automobile industry in Germany is going to shrink. How they are going to keep their house warm in the winter when the electricity price is higher than the house rent? German people are suffering from fighting someone's war.

I am not sure when but very soon another overpopulated Asian country will be on the list. Bangladesh's economy is going to collapse very soon because of the heavy corruption of the current regime. The country's reserve has been draining very fast so its native fiat currencies will fall drastically and people will be forced to use crypto. Crypto is illegal right now in that country. Already elites from that countries are transferring their money into USD and BTC slowly. Crypto awareness in the country spreading like wildfire when it was very low last year.

I know many of them cheated but 67 accounts could belong to a few people who work in a group. I am not taking any side here but I still think most of the newbies are legit users. The problem is few cheaters hold too many accounts that look like there are lots of bounty cheaters. I support your decision though it will hurt all types of hunters. But sometimes we need to be curled to be kind.

Sons, brothers, or other relatives got the dead person's property. So I am thinking what if a dead legendary forum member's son or brother starts using his account on his behalf? Are there any rules regarding this matter or general rules will be applied here?

Isn't there a rule for banning any imposter accountt in the forum?

My Countdown to Senior Rank
Number of Merit(s) left: 136

I know it's still a long way to that journey but tracking it with every step will give me more motivation to try harder. I will try to keep it updated over time (possibly once every week or every month).

I also saw him for a while. I can not dishonor his contribution to this forum. He already mentioned what happened and his answers seem acceptable to me. It feels bad when we see such a dedicated person lose his hard-earned trust and reputation damaged because of one company.

I know it's been late and I Ranked up to full members a while now but it still gives me excitement and motivation by thinking about my journey. It was not easy at first but later I find out it gives you pleasure when you rank up. When I first came to this forum i thought that it is not possible to rank up because I, was not a native English speaker. But I find out that no one care about how fluent you are in a language it's all about dedication and contribution.

My contribution to this forum is small and it's nothing compared to most of the members but this rank-up gives me the motivation to improve myself. I rank up from the member to the full member and I want to give my gratitude to everyone who helped me to do that.

In a recession, people are forced to sell their assets to bear their expenses. Warren Buffet talks about these opportunities. When people are selling you will buy and when people are buying you will sell. Rich people follow these simple rules. Now do not ask me where did you get the money. These are the skills most people do not have. You can buy and sell millions of dollars of properties without having money in your pocket. Human minds are very unique so use them.

You can not control your fate. Sometimes we get into situations when we have to think out of our budget. Most people spend their money thinking about a few months ahead of them. They are still broke financially. It is not overspending or carelessness about our money that makes people broke financially. It is a lack of economical knowledge. If you do not know how to manage your money then hire a professional for that. Never keep your money ideal in the bank or in your home. Always reinvest in different assets. That's the way of getting out of the rate race.

Bitcoin was supposed to be a medium of exchange that would skip all the middle man like banks. But right now people are using it more like an investment. We are getting away from satoshi's vision or bitcoin emerged to claim a different destiny. Sometimes I think about where I invest my money. In assets or in a currency! The world seems strange and changing. We try to achieve something but destiny leads us to another path.