It's funny to watch them fight other cryptocurrencies to get rid of competition.

Centralized cryptos go against the idea of cryptocurrency. They go against the values of Bitcoin.
Digital ruble is not going to be a real cryptocurrency. It's going to be a wolf in sheep's clothing pretty much like Libra and it's going to fail like Libra, Petro and all other government and corpo cryptocurrencies.

Makes me wonder what value will bitcoin have in 2023. How many rubles will we be able to buy for 1 bitcoin

That's how I like my surveys. Short

You could actually add an option to choose more than one in the last question.
For me acceptance and privacy are equally important. I wouldn't want to make a purchase without both of these things.

Good luck with your thesis!

Tell me please when it was NOT the time to buy. You won't find a single year in which buying Bitcoin was not a good idea.

I feel like the fact that the amount of bitcoins on exchanges is decreasing is going to be the real big catalyst of the bull run and it's going to be sudden and unexpected. Now there's a certain amount of coins bought and sold but it's pretty much the same coins, say 2 million bitcoins circulating. When we reach a time when those coins are bought new buyers will find out that every purchase increases the price by a lot and this is when the fun will start.

You're right, OP

People expect a big correction but it could never come. Like when we had that correction from 60 to 40 thousand. This may be the new normal and we'll have another peak followed by a 40% correction and so on.

The only thing that makes me rethink your idea is the logarithmic band that Bitcoin follows. We aren't at it's peak yet, but if there are peaks there will be lows. We are going to hit a level people will see as rock bottom, but it won't be so. Just like 2018 was not the ultimate peak and 2019 was not the real bottom.

Since we're in the altcoin section I'll agree that taking profit is important. With Bitcoin not so much because Bitcoin is on another level.

It's important to be smart and estimate your chances. Altcoins depend on Bitcoin and on themselves so their chances of a continuous bull run are much lower than Bitcoin's. Think of the fundamentals and evaluate if they're strong enough to carry the coin you're holding. Like if I had a coin I don't believe in and see it's going nowhere on its own I'd rather be in fiat or something else.

Don't take profit blind.

What a joke. XRP is a shitcoin and any pumps are orchestrated by Ripple corp or pump groups.

The only purpose of this coin is to act like it's a better bitcoin because it's centralized and make money from releasing premined coins to idiots willing to buy them. Then use some profits to pay press to show Ripple CEO and do interviews with him so that he can bash bitcoin and praise his money cow XRP.

How many bitcoin millionaires able to retire in young age are we going to have worldwide? What percentage of their country's population are they going to be?

Even if it's 1% and this 1% of people retire early they will also be able to pay more for goods and services. They will want to build bigger houses, maybe start companies with the money they now have. They are going to pay people and give them work. How is that bad?

Bitcoin is going to become something you save up and give to your children so that they also can benefit. If I had millions of dollars in bitcoin I wouldn't sit on my butt all day but make sure I live my life to the fullest.

If it is to be that kind of weapon then there's really nothing bad in it for us investors. It's the central banks that should be worried.

I'm a EU citizen and I couldn't care less about USD losing its status. I've never bought anything using USD. I've never even held a dollar bill in my hand.
I try not to play "their" game simply because they don't care about me. All they need me for is to take a loan and deposit my hard earned money in their bank.

We will reach 60 thousand again without any big news. It's natural for the price to keep retesting levels and when it retests highs it has to go back to test lows. That's the way it is and you shouldn't be concerned about it.

If you're worried about your investment you either have to let go and focus on something else or be like those weak hands and sell.

Remember that panic selling only makes you feel safer. It doesn't make you safer.  

Then you have to be trading some expensive goods since you have to pay at least $10 to pay with Bitcoin. That doesn't mean bitcoin is impractical, on the contrary, it's a great way to keep the government off your back.

In many African countries people were forced to pay with their phone minutes for goods because their fiat money was so worthless. If we account for that then bitcoin is surely better than minutes

+1

We don't know how big corporate buying is just like we don't know how many coins are lost forever.

Corporations allow us to know as much as they want us to know. JP Morgan was bashing Bitcoin so they could buy. Many companies have the same strategy. They will buy and then break the news about their purchase to pump the price even if they are not planning to sell the news. They usually do it so that other companies - their competitors have to pay more and so that they can show profit in the books.

XRP is one of the worst coins out there. Don't poke it with a stick You might think that it's ok because it pumps from time to time but these pumps are from manipulation. They aren't natural.

Usually pump groups or the ripple company is behind any moves of this coin. Remember that Ripple's deal is to pump it so they can dump some of their coiuns on the market to have money to finance some more promotional campaigns.

Buy bitcoin first and when you have it go into ETH and ADA because they're pretty similar projects with a lot of utility. Stay away from BCH, BSV, XRP and TRON.

Maybe by 50000 correction he means a correction to 50000? that would be somewhat realistic since we had that in the end of March after the second ATH. Now we could go towards a third big ATH of this bull market. Maybe 65 thousand?

10 thousand is not really a realistic price because we already went over the last ATH of 20 thousand twice in the last 5 years. In 2013 we reached 3000 and then a new ath of 20 thousand. A correction from that 2nd ATH never went down to the previous ATH.

I don't think that we'll go below 20 thousand even if we have a strong correction.

That's right. I'd be happy if my money held value when held in the form of Bitcoins. I'd much appreciate deflation of 5% a year.

Many people complain about volatility, not seeing that Bitcoin deflates by more than 10% a year, sometimes reaching crazy numbers like 200%. Even 10% is more than any bank would give you for your money and then you'd have to subtract 2-5% inflation from that.

Buying bitcoin is pure profit if you can keep it safe.

All these people are there to make money and politics is only a game they play.

We all saw the palace that former Ukraine president built for himself. We also saw Putin's palace. They all have billions and shit in gold plated while their citizens live in poverty.

Russian currency has its own problems but the bigger problem is corruption.

What made you think that it's the end? You haven't given any reason.

As far as I know, bull cycles end with a bang. We reach a certain point that is so overbought that people are just waiting for any sign of weakness to dump it all. They don't want to stay in 50/50. We could see that in 2013 and in 2018. The price was so overextended that when the selling begun there was almost no buy orders on the way down, just empty space into which people were selling, making the price go -30% in a matter of hours. For something like that to happen we'd go to 60 thousand and back to 40 in a day. We were very close to this in February, but since then we had a new high and a much smaller correction which is a bullish sign. I think that we might have another shot at a new high.

If you're thinking whether to go short or long think about your current position.

People who have a lot of coins bought ling before this ATH should take some profit. It's going to make them feel more confident, safer, ready for a possible fall and give them available money to buy the dip.

If you're one of those who still don't have any coins you should buy. Having none means missing possible gains if we go up. Always open yourself to both possibilities and have something to do when price goes up or down. I honestly think that every person in the world should spend at least 1% of their savings on bitcoin.

Since we are in a bull market you have better chance of going long. Don't go against the trend, wait for a confirmed reversal. 

I read about a bitcoin pi cycle indicator and in the past 2 bull markets (2013 and 2017) it was very accurate. It even managed to accurately point the top twice in 2013 (in Spring and Winter).

If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/

Nothing new. As price goes up less private investors will be ready to buy a big share. Private investors who bought cheap will be selling and big companies who have money and are prepared to invest a lot more and be satisfied with smaller margin of profit are going to keep buying.

I don't call it a risk. It's what every mature asset evolves into. Gold is also owned by big players like central banks. Retail in mature assets is always falling behind institutions.

Probably some windows defender shit. I have it all disabled from the start.
You can google it. Here's what I got after copy-pasting it in google search:


https://www.auslogics.com/en/articles/fix-an-administrator-has-blocked-you-from-running-this-app/

How to Get Rid of “An Administrator Has Blocked You from Running This App”

    Disable Windows SmartScreen.
    Execute the file via Command Prompt.
    Install the app using the hidden administrator account.
    Temporarily disable your antivirus program.

How to disable the Windows 10 Administrator account through the user management tool

    Return to the Local Users And Groups window, and double-click the Administrator account.
    Check the box for Account Is Disabled.
    Click OK or Apply, and close the User Management window (Figure E).