Some people have said repeatedly about Bitcoin it would be dead – but it is not true, Bitcoin is not dead.

Bitcoin has survived many bear markets and not just survived, Bitcoin has massively increased in price every new cycle.
Bitcoin has survived so many 'better' Altcoins. Where are such Altcoins now, just look at Shitcoins like Tron or EOS - useless.
Bitcoin has survived a ban by Xi Jin Pooh, when a lot of Hashrate was relocated. Today, Hashrate is even higher.
Bitcoin is not dead, don’t fall for shitcoiners claiming it.


Scamcoins like BSV have tried to impersonate Bitcoin and such scammers have failed.
Altcoin lies were spread about Bitcoin but no Altcoin can compete against Bitcoin.
Bitcoin is still leading by a large margin and will continue to do so. See Bitcoin dominance.

Bitcoin will continue to work because it is extremely reliable. Even Xi Jin Pooh could not stop Bitcoin – and Xi Jin Pooh is very powerful.

Bitcoin is not dead and won’t be dead because Bitcoin is a very robust network. It is probably impossible to destroy Bitcoin.
People saying about Bitcoin, it would be dead are very often spreading Altcoin lies – please don’t fall for such lies.
HODL your Bitcoin.

wagmi

Bitcoin is very famous already and Bitcoin gained so much in value (for example Bitcoin was around 250$ in 2014 and is now (2022) at 40,000$).
As a result, many people are rich from Bitcoin now and some are rich enough to cash out a bit (like USA where it’s very common to cash out Bitcoin because Bitcoin is adopted, especially in California).
Being and getting rich from Bitcoin is not a self-fulfilling prophecy and people need to work hard for it: HODL
In gratitude for it, we can see common patterns.
Very likely, Bitcoin will continue to be a formidable store of value like Gold and Bitcoin will deliever a good competition against Gold as a store of value.

But what are rich Bitcoin people and aspiring rich Bitcoin people doing else except Bitcoin?
Let’s collect some facts!


- Owning a large house and a pool
- Large glass front in direction of your pool
- Watering your large garden extensively
- Your garden is always in top style
- Living in a mediterranean climate zone (or similar warm areas, like California (or Florida))
- If you don’t own a large house and a pool, you are living on a rooftop (including a pool)
- Advocating for a free market
- Owning an American Flag (‘Murica!) and supporting it
- Good dining every week
- Lambooo
- Your car has a HODL! plate
- Owning a separate room for observing Bitcoin (TA)
- Owning multiple large screens to observe Bitcoin
- Owning or renting a yacht
- Posting Memes on WO
…

Some facts are only applying to rich people and not aspiring people.

Surely, my list isn’t complete. You can always add a comment and present more facts.
Have fun getting rich!

wagmi
 

[But how is a reliable store of value designed?]

For our savings, it’s very important to convert our money, or some of it, into a store of value to keep it safe from devaluation and to keep purchasing power.
Saving is very important and only a good store of value is suited for savings to prevent devaluation.


But how is a reliable store of value designed?

Finding out, what a good store of value is about will lead us to few conclusions:

It should be proven to be scarce.
It should be easily transported and easily exchanged.
It should be easily divided and keep value (not go broken).
It should be accepted and people should consider it as a store of value.

We can see: all points are somehow important to define a good store of value. Since a long time, Gold is considered as a good store of value but also Bitcoin is designed as a store of value, it’s also called digital gold.

Bitcoin is limited to 21M Bitcoin making it a very reliable store of value!
Since Gold existed, it has been store of value number one but now, we have Bitcoin, competing against Gold as a store of value.
We can compare advantages and disadvantages of Gold / Bitcoin and some people might consider Gold and Bitcoin to have as a store of value
Which is very good for Bitcoin because currently Bitcoin is only 5% of Gold's marketcapitalisation.

Bitcoin will close its gap to Gold in terms of marketcapitalisation.


Many stores of value are existing and we should always consider for and against arguments.

What is a good store of value for you?
What makes it unique, what is a must have for a store of value?

In my opinion it’s proven scarcity and Bitcoin is very good at it.


HODL

wagmi 

[NOT]

Most crashes are not rational and instead, driven by misconceptions and fear.
We need to break such misconceptions to build a stronger and more resistant market.

Recently, Altcoin pressure has resulted in Bitcoin losing value. A huge crash occured, where Bitcoin lost 10k USD.
It was clearly not a rational decision.
Selling people lost much money.
And here's what's important:

 
It was because a Shitcoin collapsed (Terra Luna).
And one more Shitcoin, too (Celsius)
NOT because Bitcoin had issues!

It was only Altcoin related but Bitcoin declined in price, too.
Completely unreasonable because Bitcoin had NO issues.
It was only Altcoin related.

People need to learn to differenciate between Bitcoin and Altcoins.



 
Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).


Bitcoin is a store of value, HODL

To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  
To be succesful means to understand Bitcoin is a good store of value.

Bitcoin is valuable because BTC is capped at 21M coins, Bitcoin's supply can't get inflated.
Imagine in 100 years, FIAT inflation is 2 to 10 percent every year, but Bitcoin is capped.

Bitcoin can get a real alternative for gold, digital gold and a very reliable store of value. But people need to do research about Bitcoin,  halving mechanism and technical independence from Altcoins.
Don't be feared. 

Internet is very famous now since it was developed and many people are using it every day.

But where Light is also Shadow and hackers are very active to take advantages from security holes and internet infrastructure misconceptions.
Our security is improved, when we use a VPN because a VPN will prevent your location of being leaked to a hacker or a website possibly hacked later by an hacker. Hackers are targeting infrastructure deliberately, especially now because Putin has invaded Ukraine and Putin has employed state hackers to target EU and USA people.

When I signed up for Bitcointalk, it was a question of security how we can get more of it and a VPN was very effective against a leak of data. Bitcointalk suffered many hacks already because it seems to be based on an outdated layout from when Bitcoin was launched by Satoshi. Satoshi created Bitcointalk himself.
Of course, a VPN was a good option for signing up and it will improve our security A LOT.

If in doubt, a VPN is always a good idea.
Not only for Bitcointalk but also generally.

For Bitcoin, we need to have a safe Laptop / PC, where we can access our Bitcoin. Don't trust middleman and foreign fabricateurs.
A Bitcoin is too valuable to lose because only 21 M BTC exist, making Bitcoin a hugely effective store of value.

VPN is a small step but each step is important.
I'm not a coder but I can recommend a VPN for internet, like Bitcointalk.

[What is Crypto?]

As for improving our knowledge about how to avoid a loss, we should always look at Fundamentals of Crypto.

What is Crypto?

Crypto is describing a large field of online-based digital currencies where cryptography is used as a technology for each coin.
It’s is often referred to as Crypto.

But in reality, Crypto is much more different, where each coins is different and based on own tech.

It is like FOOD, sure it’s a very large filed but if a food is not nutritious, it doesn’t mean all food else is not nutritious.
It’s very similar for CRYPTO. If an Altcoin fails, it doesn’t change Fundamentals of Bitcoin.




Important to know to prevent a loss

Bitcoin has crashed really hard recently but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a future, similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.


Bitcoin is technically independent from Altcoins


People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL. 

Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  

We all know: Bitcoin is very succesful because of its code!

When Bitcoin was still new, people needed to verify if Bitcoin is legit or not. And it was possible to verify because Bitcoin is open source.
Open source made it possible for coders to look up if Bitcoin is legit or if it was maliciuos code.
And coders did it! Coders looked into it because coders knew how to do it and how to review and verify it.

As a result, Bitcoin was proven legit and capped at 21M coins. Bitcoin’s promise was true.
Coders confirmed it or Bitcoin would not have received an endorsement from coders like Hal Finney or Gavin Andresen.
Hal Finney and Gavin Andresen are coders and were involved in Bitcoin very early.
Today, Bitcoin has more coders looking into it and even coding on it or making proposals.

We know, also on Bitcointalk, coders are active because Bitcoin is a very technical subject.
When normal people ask a question here, coders will look at it and reply.
It’s a very good feature of Bitcointalk because coders are still here.

My question after all: how many coders has Bitcointalk?
If you read my question, please answer: are you a coder or are your not a coder?

I’m looking forward to your votes! 

[number of coins * value of each coin]

Bitcoin dominance is a very important metric and we all should know it, why!

Bitcoin has been around for a very long time and after a few years, more coins have arrived to overtake Bitcoin. But so far, not a single coin achieved an overtake.
Shitcoins don't have an overtake button. It needs hard work and a good coin.
As indicated by marketcap, all coins are listed and compared. Marketcap can bee seen at CoinMarketCap or CoinGecko for example. Marketcap is number of coins * value of each coin for a specific Crypto asset, so it's a very important number for a coin. For Bitcoin dominance, Bitcoin's marketcap is compared against ALL shitcoin currently listed on CoinMarketCap or CoinGecko.

Right now, Bitcoin was able to secure a dominance of over 40% against ALL shitcoin currently listed on CoinMarketCap or CoinGecko.
It's just huge and new shitcoins are added every day.

We should remember it and what it really means!

Bitcoin dominance and if you understand it, really shows how strong Bitcoin is performing!
Await more gainz! 

wagmi