All holders rejoice! 

Imagine that a few months ago I thought we wouldn't be able to cross 50 thousand dollars without a strong correction and that would happen maybe later this year if we're lucky. That's also what many analysts were saying.

Be warned though, we're slowly crossing into the red zone where bitcoin is extremely overbought. Historically the last 2 bull markets ended somewhere in this area.
It doesn't mean we'll crash today or tomorrow. It can be next month, and another 10 thousand up but don't let FOMO get you

You think that someone broke into GOX wallets knowing their public keys?

Gox coins were probably stolen with inside help from an employee who helped them to change the code of the exchange and add backdoors that would allow them to apply changes to the site from the outside. They were changing balances and withdrawing coins through the site for many years.

https://anycoindirect.eu/en/blog/what-is-mt.-gox-how-850.000-bitcoins-got-stolen

This can be categorized under lack of knowledge or misinformation. People in general don't know what they're doing. They lack basic math skills, don't know anything about finances.

If you ask someone what is a better investment a 10 stocks worth 100 USD or 1 stock worth 100 USD they'll say it's the cheaper one because there's more room for growth. THat's what average people know

Usually people keep all those in the same place. If you generate your password and store it in the same file or on a piece of paper and it gets misplaced you'll have a hard time.

I had a similar situation with my Cardano wallet for a while. I had a secret key backup and remembered my password but a new wallet version came out that did not support secret key recovery, so I had to wait for this feature to be added by developers. Fortunately they did it literally yesterday and I recovered my wallet.

Most of people who used cryptocurrencies for a few years have stories like that to tell.

Altcoins do not influence Bitcoin it's the other way round!

If bitcoin crashes by itself it will take all altcoins down with it but if BNB crashes by itself it's not going to crash Bitcoin.

Also, I don't feel like 50 thousand is such a big bubble. A lot of it comes from institutions not new investors. We could reach even 100 thousand before it becomes unstable.

It's even much simpler.

Some people got their bitcoin from giveaways or faucets for free. If that money grew 500% in the last year they made money even without selling. They had free money and now that free money is worth a lot more money

When you have a house you also say that you have the worth of that house even without selling it. That house can lose value when a storm hits it or a fire or a flood...

For me Bitcoin is much better than stocks or bonds and much better than keeping money in your bank account.

Account is the worst because of the inflation, possible bailouts and government taking your money for whatever reason. Also they it doesn't make you earn anything.

Bonds are locking your money for a long time and the return isn't big. Its strongest point is safety but we don't want our money to be safe we want to make more.

Stocks are a little better but there's always a chance of bankruptcy. There's always that CEO who can become a target or make a big mistake and destroy the company.

Bitcoin is the best because it cannot be taken from you, grows in value the fastest and has no person in charge.

1. They'd never sell all at once. This would require some unseen before coordination. Would it be possible for all people in your town to decide they don't want their cars anymore and stop driving or that they don't want to eat meat anymore and become vegetarian? It just doesn't happen.

2. If they all decided to sell at once the exchanges wouldn't be able to handle it because they don't have that liquidity. We'd go to double digits in a day on most exchanges.

For them it's also a popularity boost and a hobby of sorts.

When you're rich and famous you sometimes want to do something for others and be remembered for something more.

I think it's great they're doing it and I don't need to ask why.

Not really. If you have coins that are worth something and you don't sell you have all the right to give their value in fiat money if you want.

I'd compare it to having a house worth a million dollars. If someone asks you don't know exactly how much people will pay if you decide to sell now. You know that the price is somewhere around 1 million but if you sell it it's possible you'll only get 800 thousand.

For me it's so easy to sell my coins that I don't even have to send them to an exchange. I have a broker that will pay me fiat money whenever I make an order and ask me to send coins later.
So if the price is 80 thousand and I want 80 thousand I can do it in 1 click and lock the current price for a future sale. This makes me physically own the exact value in fiat at any moment. 

If it's code and he admits it, people have been trading code for decades. Somebody should tell him how much good code can be worth nowadays.

Software code is often stolen and traded on the darknet for millions of dollars like the code stolen from cdprojekt a few weeks ago.
It can make or unmake companies. Apple and Microsoft made billions with code.

This guy is laughable if he thinks code is nothing.

Covid is already spreading and will continue. The only way to fight it is to go through it and become stronger or vaccinate. People can carry covid and not even be aware of it so you have the same probability of getting it in a bank or a post office as you have in a casino.

Drug dealing in a casino? If someone is familiar with the black market they can get drugs with ease. They don't have to go to a casino to get them.

Simply stupid if you ask me.

Allowing some companies to sponsor and blocking others has nothing to do with fairness. That same fairness that sports are supposed to promote!

Who's there to say what company can be displayed on uniforms and what cannot be? This should be decided by the team not some government asshole.

They did invest but don't forget that many people invested much earlier. Some still held coins from 2017 and the higher gain people have the more they want to spend and buy themselves some nice things.

When you're able to buy a house with your profits it doesn't matter if Tesla or anyone else bought, you may want to sell. The situation is going to depend on the number of these people who held through the bear market and have targets for selling on their mind.

If you can hold a daily performance of even 1% you're an excellent trader. That would mean a 30% monthly gain, which is ridiculously high. Most professional traders who deal with wealthy clients or corporations can't promise something like that on yearly basis. If your brokerage gives you 20% a year you're doing great.

So, don't be greedy. Even 10% a month is great. Just note that 30% a month in a bull market where holders can make it without lifting a finger is nothing special

People have already explained the basic math to you but remember that you're not tackling the whole problem here.

You're assuming that you sell at 20 and then buy back in at 15, but what if it doesn't reach 15 and you'll end up waiting for it while it goes to 18 and then back to 20 and higher. What if it doesn't stop at 20 and goes to 22 right away? You sold at 20, what do you do? Wait for a correction or buy back immediately?

These are the problems traders face every day. Selling at 2x and hoping for a 1x correction to buy back is nice but it rarely works like that.

You want charity, set up gofundme or something. Why do people have to give you anything?

I don't get this attitude some people have. I always considered myself poor. Not third world poor where you have nothing to eat but first world poor where you can't save up for a car and buy cheapest things, but I never demanded anything from others and never wanted to be given anything.

With that attitude you'll never be wealthy.

You must be joking, or you don't know much about investing and ROI.

It doesn't matter how much 1 coin costs. Your profit depends on your investment.

1000 dollars put in Bitcoin is 1000 dollars in bitcoin and 1000 invested in Ethereum is 1000 in Ethereum. When each of these coins gain 10% you will have 100 dollars more.

For me it's Bitcoin of course. I held it for years and all the way through the 2018-19 bear market.

As far as altcoins are concerned I made the most with ETH when we count profit in fiat, but I also bought in the best possible moment of 2019 lows.
My second best altcoin is ADA that I did not expect to do so well. It was quite a surprise. I held it since 2018 and almost lost any hope after scoring a 50% loss, but I didn't sell.

I don't get why some of you would sell everything all at once. Even if you need money, a smart thing to do is to save up at least 10% of your coins, especially those allocated into strong projects.

A bull run can be unexpected and unpredictable and people rarely can time it well so it's a great idea to hold some at every point in time.

I feel great watching the bull run happen. It brings a lot of confidence and a feeling of accomplishment when you wait for years and it finally happens.