Most of us are, sadly, ever since bitcoin gained traction and gained momentum toawrds $19k. Almost everybody wants to get rich quickly without having the need to work for it, and so they found bitcoin thinking that the said goal would be achieved easily by buying into it. Many people are looking at cryptos as a means to get rich without actually realizing its economic importance towards the financially-oppressed demographic of the world. Many un-banked people have the chance to finally get themselves involved in a growing web of e-commerce without having the need to go to their bank and place a minimum deposit.

In our hopes of getting it big through bitcoin, we actually lost interest on what it could possibly do in terms of being your own bank and keeping your assets away from the oppressive capitalists.

As the post per se isn't clear, I'd be replying based on the title.

Investing in bitcoin isn't "wise" or anything special; you simply invested on an on-going phenomenon and a new asset class that others are also doing. However, I'd call people who go nuts about bitcoin 'brave,' seeing how speculation heavily affects the market and volatility swinging like crazy in their faces every single day. I'd be more inclined to think that bitcoin investors are somewhat different than your normal investors because in spite of all the fear-mongering and FUD going on in the market, they stayed resilient and held through their coins all throughout the storms.

Isn't this already happening globally though go quite unnoticed given that no such 'threats' were discovered? I don't find it strange that the FBI releases such intel since it might help banks and financial institutions to combat the said threat before it goes live (if it indeed was a legitimate threat.) Prevention is better than cure anyways, so better be safe than sorry. Also, it's about time that most banks upgrade their fairly outdated systems since even at this day and age, I've seen a lot of vulnerabilities in the banks' that I visited in the past couple of years. Perhaps changing the way how the ATM cards work etc. and many other implementations, or perhaps an overhaul of the system in order to prevent card spoofing and the likes.

With the rapid devaluation of the Turkish Lira day by day, I'd say the main role bitcoin has is for people to stock their assets into bitcoin and hope for the best. They simply can't store their Lira anymore given that the US continues to pressure them on trade tariffs and it seems that the action plan of Erdogan isn't panning out yet (though fairly recently, Qatari emir vowed to invest $15-B after their talks with the Turkish president). On a side note, many Turkish are vehemently avoiding the use of the US dollar at all costs, and seem to be doing quite well despite the Lira's devaluation. Bitcoin can be an option in saving those assets if the citizens want to, but at this point, I don't seem to find the necessity to convert all of your assets into crypto if you're a Turkish resident given that some countries are willing to help you out in this economic shitstorm.

I'm pretty sure my boss is partly a geek, but knowing that I'm in an SEC-registered company with a strict payroll protocol, I don't think I can ask him to pay me in bitcoin partly. We've discussed about cryptocurrencies for some time now and he's pretty much open to it, however it worries him that it will take a lot of effort (which he knows would be in dire anyway) to get his voice heard and get that thing accepted. On a freelance work, it can be done, though in a regular day job? Good luck with that.


Which, sadly most people fail to realize. Bitcoin isn't created out of thin air, and most people think that through speculation most of the time, bitcoin becomes successful. Fundamentals should also follow suit alongside price because if that stagnates, the rest of the coin will crumble still no matter how insane the price is.

I don't think so. Anarchy is still present in today's bitcoin, it just doesn't seem to be like what it was a few years back. We all know that at one point, regulations would take over the ecosystem given that cryptocurrencies have monetary/fiat value. Needless to say, in order for the government to acknowledge the existence of bitcoin, they should create their own set of rules and regulations just so people can trade their bitcoins into their national currency and vice-versa without any legal implications resulting to fraud etc. Afaik, there isn't any central authority controlling the whole of bitcoin, so in terms of decentralization and anarchy, bitcoin is still doing pretty well IMO.

I don't think so. They will still stall any potential development for bitcoin even if it means profit in a huge scale. They have been explicitly disapproving any ETFs arising even though they seem to be positive and approving the idea at first. Stalling the decision is likely a tactic to build up anticipation only to dump on the poor hopefuls who thought that the recent increase is unstoppable due to the SEC 'reconsidering' their decision and giving the ETFs a chance. It will likely be a no again but still, let's hope that perhaps they'll have a change of heart.

What most people don't realize is that it's still possible to profit even in the worst market conditions, and sometimes that means you have to go nuts and do shorting. While in itself, shorting is a bad idea because the market can always bounce back, still it's a great shot on grabbing opportunities in a hopeless market. No one needs to wait for the moon always as every day offers new opportunity in trading. 1-10% of profits is already sufficient to get you going and keep the profits rolling. Nice insight on what really happened within the past lows and highs, OP. One should really educate what else can people do in order to get profits even in rainy days.

And to think that we went under $6000 yesterday and shortly thereafter a rebound towards $6300 makes me think that something's up. While I don't understand the technicalities of trading that much, it appears that it is somewhat manipulated on the exchanges rather than in the whole markets. Everyone is on the shorting craze yesterday and someone must have thought that it's a good idea to chime in and disrupt whatever party it is that they're having. I for one thinks that the last major resistance is $5500 and if that's broken, all hell would break loose. Guess bears would have to try a lot harder in order to fully own the market.

Sin taxes usually don't work in most occasions. Given that only a handful of the population drinks alcohol and go on in a binge-drinking session every day, this appeals negatively to those who only drink on the minimum since they are taxed higher than what they should be. On the passage about sugary drinks, I think it's also about time to increase it since a large demographic consumes an exorbitant amount of sugary drinks which leads to obesity. It can hit two birds in one stone which is entirely different on the taxes regarding alcoholic drinks since only a small portion of the population are into it. It works, but only at the right products.


True, but I don't think this gives access to the unbanked into the gates of e-Commerce considering that only a few merchants are brave enough to accept bitcoin as is. Moreso, bitcoin's volatility would scare the hell out of people who are trying to ease their lives by buying into bitcoin and making it their savings. Personally, one way or another people are still going to need banks in their lives and that's the harsh reality of today's society.



I doubt the governments would like that. If anything, they would be targeting crypto users for taxes and profit. Even traditional exports which greatly contribute to the economy are being taxed in an unacceptable fashion, why would we expect bitcoin and other crypto to be different?

This is how corporations get away with almost anything, especially with tax cuts and the likes. As long as you can control a politician and influence them with your $$$, you can get away with almost any legal implications whatsoever. A $200 value of property is nuts and just goes to show how America and other countries are being fucked by the corporations on their own soil. If the giant corporations themselves don't want to pay taxes, how would the common folk love to do their obligations if the well-offs are revolting against it?

They've been doing this thing for years ever since bitcoin rose to prominence. I wouldn't blame them for not really getting into bitcoin since it will affect their business models, though I must admit some of their points are valid and will remain as is until some people actually stand up and start receiving bitcoin-only payments for their enterprise/business. Bitcoin's development as a currency already halted and have been stagnant ever since people started speculating the crypto hard. Nonetheless, it can still be an effective payment method if people will use it as such and businesses will treat it as such.

Poor Cybersec practice often leads to hacks, as was always said by cybersec experts. First thing's first, never ever buy a secondhand hardware wallet as it can be injected with those filthy stuff that can get a hold of your balance no matter how you change the password every time. Second, never ever connect your devices into public networks as it can snoop all of your information no matter how 'secure' you think your devices are. The way I see on the thread, apparently someone has gained access on his Trezor without him knowing. It could be a technical vulnerability on the hardware wallet though it can also be that some people in his circle is screwing up with him.

Personally, i treat bitcoin as a commodity given that it rarely achieves the tasks of a currency and seldom used as a security given its volatility. Moreso, people seem to appreciate bitcoin as something they can freely trade back and forth, hence the commodity aspect of the coin. However, at the end of the day, the end-user decides what will he/she treat his/her coins, though certain parameters would be given by his/her own government about cryptocurrency and that's for sure.

That's why it's powerful to read any EULAs or Terms and Conditions before doing any purchases online because you just don't know what you're getting roped into. Many companies are taking advantage of people not keen enough on reading any ToCs or EULAs to still have some say on any purchases the owner did, especially when it comes to software and digital ownership. It's quite saddening that most people tend to just go over Kindle and buy a digital book rather than keep a physical copy of it which I think can be resold if ever the need arises. Consumers' purchasing knowledge has since declined, and are allowing capitalists to capitalize on these habits that the average consumer have developed since the advent of the internet.

The recent decline suggests that the momentum is weakening for the bulls while the bears are feasting on this bloodshed. The outcome of the ETF hypes seem to not be panning out well for the bulls, with the general interest about bitcoin waning while the bears are capitalizing on the uncertainty and destroyed hopes for a new bull run. For me, the recent price crash is somewhat justified, considering that the ETF talks were just mere hypes and most people have banked on the anticipation only to dump the price hard once it got postponed or declined. I don't expect the price to be rebounding as soon as another ETF-related event arises which I know will generate the same hype train again.

Bitcoin's fork isn't really an event to be expected or anticipated. If anything, people are just creating their own version of the coin, adding some unique and [/i]much needed[/i] implementation that the users asked for, or at least a few users at the best. Even though such forked version exist, consensus still remains king in choosing what would be the next best bitcoin available. Also, the way I see it, forks are created by different teams in order to grab some money off of potential believers of the said coin, and that, I think, is quite problematic to say the least.

Such attacks and schemes are always present, even without cryptocurrencies. One should always check sources and watch out for potential scams that are linked through official accounts. It seems to me that social media sites are the hotbed for such confusion, knowing that more people are gullible and don't verify things compared to people in forums and mailing sites. Just learn to check tweets, follower count and see whether everything matches up to the official accounts and you're fine.

Pressure from seeing the price taking a beating is what, IMO, forces people to sell their crypto regardless of them being stubborn or not. There are a lot of times when you still want to hold on to your assets, but due to the price seemingly taking all these hits and crashes for the longest of time, it makes one think about the sensibility of holding on, most especially if you are already downed with a huge amount of loss. There will always be some people who can't bear to see the reds, and we can't blame them; it's their money anyways. However if given the chance, the same people still ignore the fact that they can somewhat profit by buying the dip.

You can't really alter one's mindset especially if it involves money. It will take a lot of persuading before someone realizes that they should be doing X instead of doing  Y.

I don't think we can call it greed per se, knowing that there are no certain restrictions for the people in politics to invest in whatever they think will give them profit. After all, they're just people wanting to live a better life like all of us here. If anything, these people are slowly adopting into cryptocurrency and, hopefully, establish some laws which protect the interest of consumers/investors in the cryptoworld. Also, they might, finally, come up with a rather friendly definition of crypto for the benefit of all. I don't see anything wrong in here, TBH, not unless those cryptocurrencies were earned through some form of fraud etc.