Well, what OP have said is not a totally new thing in the economics of the economy. Many countries have used such method to alleviate poverty and it worked for them while same method failed woefully for some other countries.

Another method which the government should have considered is subsidizing the products for her citizens. This will enable majority of the people with lower purchasing power to enjoy the economy, thereby doing the exact work that what is discussed in the Op would do.

I will strong say that the success of any of the above schemes depend so much on the corruption level of the country. I my country both schemes have been practiced and they failed. Recently, the new government removed subsidy because it was hijacked by a few elites. The government now introduced disbursement of funds to poor families, yet the top corruption politicians mered the vision. The best thing to do is to employ the citizens and pay accordingly (job creation).

3k projection is not a wow for a coin that it's ATH is somewhere close to 5k and whose present price is pass 2k. Ethereum is a very good investment for anyone who wants to diversify. There are alot of possibilities in the Ethereum network and this will positively impact the price from now till the next bull run.

Who knows whether Ethereum will be the star of the bull run. Especial with blackrock recent involvement and interest in Ethereum and their recent silence of ETF features.

Among all the meme coins it is dodge coin that I trust most and I can say that it is the Father of the meme coins. Apart from its capacity as a meme coin, the involvement of Elon Musk in the coin is the major reason for for its viral acceptance. I still believe dodge coin more than every other meme coins, including of the Shiba inu and the recent PEPE coin.

Doge might likely hit $1 because that has been it's projection. If the bull run goes as planned, dodge might see $1 but I am scared that alot of people are holding doge and when there is a sell panic because of price rise, it might hinder it's movement to the moon.
Meanwhile, Elon might decide to put up a late minute drama with doge.

Ethereum is not failing any soon. I mean they control the market from contract perspective down to NFT and the rest. The coin is too flexible that quiet a large number of things can be done on the network and this is the reason the coin will be alive for so many years or decades in addition that it is the second most dominant coin in the cryptocurrency industry.

The BlackRock sudden switch to Ethereum is a good news for the coin. I don't know why BlackRock isn't much interested in bitcoin even when SEC has shown a green light to a certain extent or is there something else going on in background?

I monitored it yesterday and it was just few blocks away from going through but suddenly the mempool became congested again.

This happened the other time, but I can't remember if Best_Change performed RBF or the transaction dropped on its own. Maybe, this will make a history that this week payment may drop before last week  

Ok!
I understand you very well. You just want a medium to tell us that despite that you are a newbie with 2 merits that you have known this forum for the past 5 or 6yrs. Congratulations.
But then, people are not recognised based on how long they have been in the forum, but how impactful they are the little time they spend here. Look at this account - PowerGlove, he is barely 1 year and few months but he has impacted positively to the forum.

It could be that the user doesn't know that it is against the forum rules to beg for merits.  Although theymos said excessive begging for merits is not allowed,  which means there is a room for normal or minimal begging for merits 
What a nice reply. Reading this thread and you not being harsh on him might encourage him to do more. However, if you have some smerits you could check his post history to see if there is any quality post you can drop some merits on.

Besides, The Sceptical Chymist runs a thread that he urges people to send him a pm to review their posts and  offer merits. Although you are not him. And the way you treated the matter might be the best way.

I wonder how people believe that a total stranger could make them rich. I mean someone who possibly might not be of the same nationality with you. If it were that easy, the stranger would have help all their relatives before remembering a random person online. The best  thing to do as you recommended is to avoid strangers.

Exactly mate,  this is the reason I do not and I have never participated in any Binance and of CEX campaign or give aways. It is not always easy to distinguish the real and the fake promotional offers.


This is common in telegram and it is one of the reasons I have deactivated my telegram account several times.

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The general rule to avoid scam is to treat all strangers as potential scammers.

We need to know your definition of ordinary people in the first place. I thought you would elaborate on what you meant by ordinary people. Does ordinary people mean non celebrities or or it means low class person?



0.1 BTC is a very good digital. I know you need to have something much less than 0.1 to be a sat millionaire. A low class someone living in developing countries who has 0.1BTC should be considered good.

Normally, new projects emanate during the bull run and majority of such projects are scam projects. For a genuine and resilient project, it should start from the bear market and built up to the bull market in order to enjoy the market dividends.

OP, be mindful of the kind cryptocurrency affiliate program you will promote as majority will be scam. We don't because people will definitely troop into the cryptocurrency industry during the bull run and take advantage of the ignorance of the newbies who will join the market at the peak of the bull run.

If you are so sure the bull run will come, please buy bitcoin now such that during the bull, you will be joyous not to think about anything scam affiliate program to promote.

I understand the Op but I would still want the Op to understand that as long as bitcoin is concerned, holding for a long term still remains the best way as long as the investor enters the right time. The people that enter the bitcoin market during the bull run are definitely people that used to see the wrong side of  bitcoin.

However, even if anyone buys at $60k which is the region of the ATH, with more patients they will recover their capital and definitely be on profits. It is the people who invested with what they are not able to lose or what they will be needing in few weeks or months ahead that will feel the impact anytime the price deeps.

Also what I do not understand is why people hold for more than one bull run. I think if any investor witnesses one bull run, they can sell and wait for another deep.

To a truly wealthy person, price means nothing to them. Even myself, of recent I do not pay much attention to price but quality. I know the country I am residing, and I also know the city I leave in. I know the average cost of living in the city. I know the price to lounge in a hotel, I know the cost of food and even the cost of clothing. If the costs of things in a particular city is very far below your income, you will not mind the price because no matter how the vendor will inflate the price, it will not affect your purchasing power.

This is the formula that rich people use and that is why they are mostly unbothered about the price of products.

I have looked at this chart countless times and I do not seem to truly the chart compared to my mindset about the States. I have always known or thought that the states is much more expensive to live in. But this chart even seemed that my country Nigeria has even more higher cost of living than US.
In Nigeria you will need about $1.5 to buy a dozen of egg.

If it is so, I will make plans to relocate to US. Can you please tell me the cost of accommodation in the States so that I can do my analysis well.

Does not actually understand this

.

Anyone that wants to get some fractions of bitcoin will always get it as opportunity to buy must always present itself. There's no point rushing into what anyone doesn't understand, it is a bad advice. You should rather advice newbies to first understand bitcoin, how to buy and how to save and then learn to do their own research before buying bitcoin.

My first time of buying bitcoin was when I was scammed, I didn't really know about the forum then. But when I finally know about the forum, I wasn't in a haste to buy bitcoin. Infact, will it interest you to know that any amount of bitcoin I own today all came from signature campaigns. So, with my weekly campaign payment, it was easy for me to DCA and buy bitcoin passively at my pace

Apart from completing KYC on exchanges and other platforms that demands for it, bitcoiners should also try to live a private live. So many persons that are in the cryptocurrency industry are found of flaunting their wealth on the internet. So brand their shirts or cars with bitcoin logos while revealing where they live through their social media posts. This is enough for criminals to track anyone.

Try as much as possible to avoid completing KYC, but if you must submit, it should be on highly reputable platforms. Atleast level 1 KYC is ok. You don't need to send your biometrics, scam your face and consistently update your residential address.

A very good advice by Op but the irony of the matter is, newbies will always make the newbie mistakes, no matter how you advise or preach. Infact, there are hundreds of newbies who are yet to join the bitcoin bandwagon, they are patiently waiting for the bull run period when the price of bitcoin will be above $50k. By then, they will buy at once and hold, they won't know when to sell and the market will dump on them, by then bitcoin will become a scam to them. They will sell at lose and never return till another bull run happens.

As for newbie day traders, I was a victim. I learnt trading hastily during the last bull run, and due to the price movements, I was always on profits and I thought I had learnt how to trade. Not until the bear market came and many coins dumped on me. If you don't know how to trade, don't bother, just HODL.

It is interesting to see newbies motivating their fellow newbies. Also interesting seeing newbies teaching fellow newbies, but the most interesting is seeing newbies teaching established members about the forum. Most times I end up not reading such posts  The content of your post might be nice but the caption is rather scary for a newbie to start.

The use of different colours to decorate your posts will not attract attention to you, rather it might end up putting you in people's ignore list. As much as possible, please use the default text colour of the forum.

By this time next week we will have week 200. This is a very big milestone. I congratulate Best_Change in advance. One day I visited the first pages of this thread and understood that Bestchange didn't have an easy beginning. Many people didn't believe in this project but time proved them wrong.

A big contradiction dictated. You advised that we should trust our analysis and allow it to play out if we want to make big money. Not advisable to keep visiting the screen to twerk our emotions by doing the wrong thing. This is understandable, but the second advice, you said we should learn to react to what the market is playing out. This also means that we can let go our strategy and react with the market. Are you not sensing contradictions here?


I have had a very bad experience with the stop loss. It is a nice tool to mitigate losses and it is also a good tool to prevent wins. At times I feel that someone watches to see where you place your stop loss and trigger it and after which the market will reverse to profit immediately.

I'll rather trade with 1k without leverage than $100 on X10 leverage

OP, the tone of your post showed that you believed the time travel story at the source of the above graph. So, it means that if I tell you right now that I am a time traveller, you will also believe me. If so, you aren't supposed to exist till today, scammers should have feasted on you.


While philipma1957 would trouble themselve to travel backwards to buy bitcoin when it was worthless and probably sell it at the time past when the price appreciated. I feel that the journey might not be smooth. I would rather travel to 2025 and 2030 to see how much Bitcoin will worth then