Elon Musk is a cult figure for some of the smartest people on the planet. So what he's doing with the Dogecoin baffles me.
I mean, they say the Internet doesn't recognize any form of hierarchy, but I think Musk has delusions of god-like grandeur.

I don't think it's possible, they are two totally different things, the dollar, even if it is digital, is still controlled by an institution, and depending on how it is managed, it can generate inflation, directly affecting the currency and the community, on the other hand, bitcoin is free of state restrictions, and despite being volatile, it generates many opportunities for the user, such as having full control of their capital or having much more solid growth opportunities.

I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.

From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.

I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

Investing in altcoins is about knowing how to ride the wave, and is the best way to multiply your Bitcoins, but no one says it would be easy, users need to buy when the price is low and sell when the price is high, and to do this we need to follow the market signals and the media news for relevant events. For example, if we see in the news that Elon decides to incorporate Dogecoin to Twitter, then is time to buy doge because it will bump.

Buying Altcoins and hold for a long period is really risky, and personally, I don't recommend it. But remember, high risk can bring high profit.

To be honest, I don't understand where the right time is Because what I feel during this time we are in Bearish, as long as it's not more than $ 30k, it's quite right in my opinion to continue buying and now it's even cheaper, what to do reconsidered as if there is still another right price? As long as we can buy and as long as the Bearish continues, I think this is the right time to add to our portfolio.

I don't know, we even don't know who Satoshi in the first place so how can we award him the Nobel prize? Is he just a single individual or group of person who created Bitcoin?

I guess it will be better if we leave it that way, we don't need to attract more attention. It has accomplished what it needs to be done in the last 10 years and it continue to grow. For sure Satoshi might not in favor of this one as he really doesn't want to be in the limelight.

Only when Satoshi Nakamoto announces his real identity can he be eligible for the award.

Professor Bhagwan Chowdhry proposed the idea that the bonus can be converted into bitcoins and sent to Satoshi Nakamoto's bitcoin address, but the Nobel Foundation disagreed. In other words, Satoshi Nakamoto must show up.

In terms of theoretical contributions and practical influence, Satoshi Nakamoto is qualified to win the Nobel Prize. This is also the spirit of Nobel: to reward those who have made great contributions to mankind!

Satoshi Nakamoto had a deep understanding of finance. Influenced by the Austrian school of economics. Philosophically inclined to natural evolution, like a free life. He is the founder of cryptoeconomics.

Hodling is a btc nutjob cult thing, if you want to earn profit you have to sell.

BTC price can only multiply at a maximum of ~5X the peak in a given 5 year cycle.

Altcoins due to their lower price have a higher multiple of ~10X to ~50X capacity in a 5 year cycle.

Traders know altcoins is where the maximum profit$ are located.

So you only need to decide are you a trader interested in earning profit$ or a BTC Cult member that hodl just because the cult says so.  

Why coins not going up ?
If good news coming then price should follow instantly.
When there is good news i go Long position been waiting all day long and nothing.

Also the traders who post their ideas non of the signals don't move whats going on ?
It's imposdible to make any money in this Market
Somebody need to put money in it's fruturating like this.

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

What do you think about it? I read this article in the Market Times https://markettimes.co.uk/cryptocurrencies/would-bitcoin-survive-a-nuclear-war/ and in my opinion I don't see a future 'cause to have access to the bitcoin you need internet

Definitely the most significant event of 2021 was the adoption of bitcoin as a means of payment in El Salvador. Personally, I was initially skeptical about all this. Don't get me wrong, I'm not a bitcoin hater and I'm a supporter of bitcoin adoption because it develops the bitcoin ecosystem itself and opens up new uses for it. My skepticism was rather based on the very approach of the El Salvadorian authorities to this responsible step.

Even on the threshold of adoption, a wave of indignation swept over the country and people came out with pickets against bitcoin. It was at the end of August, right before the adoption:



The people of El Salvador are protesting against Bitcoin bill

But the president said that everything will be fine, bitcoin will be optional, the state will not punish those who refuse to accept bitcoin with sanctions, and the introduction of bitcoin will significantly save money on commissions, and payments, thanks to LN, will be fast.

Nayib Bukele has consistently demonstrated the success of Bitcoin on Twitter through the number of Chivo wallet downloads. But was it really a success? It's all about the initiative from the government of $30, which was received by anyone who downloaded and installed the Chivo wallet. This was the real reason that users downloaded the wallet so often. Just for $30.

Subsequently, there was the idea of ​​​​introducing bitcoin bonds, the terms of which were constantly postponed. The real reason for this was that investors were not interested in bitcoin bonds, as the former head of the central bank of El Salvador said:

Economistas dan por “muertos” acuerdo con FMI y los Bonos Bitcoin

The country is in a very bad state of affairs. The IMF refused to issue a loan of 1.3 billion dollars, in 7 months the country became even closer to default, and the project of bitcoin bonds for a billion dollars did not find due interest among investors, especially at a time when bitcoin is considered as a risky asset.

Most recently, a report was released where a survey of residents of El Salvador was conducted. And judging by this survey, bitcoin adoption in El Salvador failed.

Full report here: https://www.nber.org/system/files/working_papers/w29968/w29968.pdf?utm_campaign=PANTHEON_STRIPPED&amp%3Butm_medium=PANTHEON_STRIPPED&amp%3Butm_source=PANTHEON_STRIPPED

It reflects the real state of affairs and it is, to put it mildly, deplorable. Here are some of the indicators:



Judging by this chart, the number of regular users of Chivo is much less than the number of people who learned about it or tried to use it, most likely to extract those 30 dollars of initiative from the state.



Of course, there is no need to talk about such functions as paying taxes or receiving money transfers through Chivo. Almost no one used these functions.



The number of downloads of the wallet was high on the wave of hype and of course thanks to the airdrop. Over time, interest in this wallet has constantly dried up.



Despite strong support from the state, in the country, after 7 months, every 3 people do not know anything about the Chivo wallet.



Businesses in El Salvador are not interested in bitcoin, although it is a prerequisite from the state that they add bitcoin, but the rate of addition is only 20%, and this is 7 months after the launch:



Well, as I said earlier, there are a lot of those who downloaded the wallet just for the sake of receiving airdrop money. The graph confirms this, most of the users have never added money to the wallet.

---

---

What do we end up with? Bitcoin adoption in El Salvador failed. Why did this happen? It’s not about bitcoin, it’s about the approach, of course. Since this is still uncharted territory and this was the first time that bitcoin was recognized as legal tender by an entire state, I believe that the El Salvadorian government was very hasty in passing this law. The point is that you can't force people to voluntarily use bitcoin, especially when they're new to it. People themselves should want to use bitcoin, and the state should create an infrastructure around this desire to make using bitcoin even more comfortable at any level, as a transfer of money, paying taxes, etc.

I think that this case will be indicative for other states that also sought, following El Salvador, to accept bitcoin as legal tender. And that in order to implement this, everything will need to be very well checked and considered. The most optimal would be to first create a separate bitcoin zone in a single city or region and, based on its data, already make a decision on the introduction of bitcoin throughout the country. Need research and infrastructure, and then the adoption of a law. El Salvador did the exact opposite.