Nope. Realistic and entirely empirical.

Your thread is about how to increase your BTC. Myself and a worryingly low proportion of others have pointed out that most methods are a superb way of decreasing it. The evidence is bellowing in one's face wherever you look.

If I'd attempted the same thing when I got rolling in 2013 I am extremely confident I'd have an awful lot less or nothing by now.

I've also said by all means risk a modest proportion of it. Go into it with no expectations and no panic and you might get a nice bonus or a salutory lesson. If the risk is managed correctly then it don't matter.

You're clearly going to do it anyway so I'll keep me gob shut from now on.

That's a pretty good pick, but I'd say he's influential over shitcoins and crypto as a whole, not Bitcoin so much.

Witness his suggestion to roll back the Bitcoin chain because Binance lost 7000 BTC or whatever it was. That shows either little to no understanding or overwhelming arrogance. And it also means his worth listening to on this subject has gone down a notch or two.

I'm still not getting the Andreas nominations. He's popular, not influential.

Quickest way to learn is to click on  the merit section of someone's profile and read what they merited or received merit for.

I merit stuff that makes me think, entertains or informs me.

Some think writing metres of florid nothingness will do the trick like the post above. No it won't. Make your point and leave.

And privacy coins are slowly being driven out of exchanges. No one really cares about them. They're microscopic.

An insta private bitcoin would not screw governments. Governments would probably shut down all banking and crypto businesses.

If nothing else this thread is a fine demonstration of why most people don't end up wealthy even when it's sitting in their lap.

If I hadn't read the opening question I would assume it was 'how do I squander 60 BTC asap?'

It would be interesting to see how a straightforward soft fork that instantly gave impenetrable privacy would be received.

I'm pretty sure its transparency is one of the reasons it's tolerated.

If that vanished with a click a lot of people would be having kittens.

It reads rather like their mind is already made up no matter what and nothing will cause them to deviate from it.

We can be warped by the returns so far and often feel that we deserve ever more elsewhere and they're somehow a birthright just waiting to be unearthed. People should sit back and ponder how unique Bitcoin's circumstances and characteristics are.

There may well be nothing else like for a generation or more.

The idea of risking something that unique and proven in favour of the tsunami of dreck attempting to capitalise off its droppings seems flat out mental to me but it's all over this forum. In fact it may actually be the norm.

Have a dabble by all means but remain clear eyed about it. The people who do see past that will be only too happy to take the real deal off your hands.

If there was a viable and safe option for passive income/increaases in cryptoland everyone would be doing it. It would be swamped instantly. The fact that it's effectively not possible is what all the scammers and assholes prey on.

In my experience people don't want advice, they just want the choice they've already settled on to be affirmed by others. I can only offer my own observations and experiences of several obsessive years observing it all and they're listed in that post. If you have that much you must've been around for a decent time too and seen the endless parade of disaster.

If you want to experiment then do so. Don't do it with anything more than you're happy to see go up in smoke.



The above. At least some of the time Bitcoin itself is doing exactly what you're looking for, it's making you money while you do nothing. You don't have to trust anyone else. You don't have to put much work in. You don't have to wait and hope that something emerges from obscurity or comes back from the dead.

No one should ever buy an alt for the staking. It's an OK bonus if you already own the alt, but even then I have a stakable alt and the returns are so low I can't even be bothered to set it up. Under no circumstances is it worth buying in just for that.

Everything everyone is suggesting comes with an unacceptable level of risk, or are plain fucking stupid.

You've gotten this far and have wound up with an amount of BTC most dream of. Don't blow it now.

This forum is littered with the dead bodies of people who thought they were geniuses by going balls deep into the most ridiculous propositions. Almost all crypto businesses fail. Almost all alts will die. Almost all traders fail. Almost all gamblers set all their money on fire. Almost all lending out finishes up with the money being stolen.

If you really want to experiment with different ideas then don't risk anything more than a very small percentage. Never let go of the vast percentage of your BTC.

Andreas has no influence whatsoever. He doesn't control anything. Most Bitcoin fans won't know who he is as many won't speak English. Plenty of English speakers never go anywhere near Youtube. He's very careful to never take a position on anything so clearly doesn't want any influence.

At this particular moment in time the person with the most potential influence over price, uptake and mining is probably Xi Jinping.

What the hell does this mean?

If you mean 'investing' it in alts for staking then that's complete and utter suicide. In return for an infinitesimal percentage of returns from a worthless alt your worthless alt will also lose 80-100% of the BTC you put into it.

Almost no one here should be listened to. It's like a hive mind of mindlessness.

Yeah. A business that guarantees a doubling of your money sounds really, really cool. Why the hell aren't more people doing that? Why are others losing money? What's wrong with those deadbeats?

It depends where you live. In some countries at current prices that's enough to live like an emperor for several generations right now. In others that'll won't buy you half a decent sized house in a good area.

Either way there's no such thing as 'investing' it without risking losing all of it instantly or over time. Owning it is the investment. I wouldn't put anything into these places like blockfi.

I don't believe starting a bitcoin business like a casino can possibly compete against what's already out there. All you'll be doing is burning money trying to get a foothold that'll never happen.



Don't fall for the pricks who espouse trading. Most people who try it wind up fucking up. I know I would be absolutely guaranteed to.

If it's something you want then why not ask them? No harm done and they might like the idea.

I've managed it a few times with different places but it tends to work better for services than things with supply chains. Most of them start crying or vomiting at the very thought of it but you get the occasional success.

I still make occasional use of it without any hiccups. I can't be bothered to figure out whether it costs more than the Coinbase card when you include its spread and the 1% fee. That there's a spread at all rather annoys me.

Despite 3-4 updates since the problem first emerged, the app still takes a couple of minutes for everything to load. It's blank until then. This happens on multiple machines. No idea what the issue is.

I have spent enough over the years to make me blub probably.

My latest is paying my local mechanics in BTC. They fucking hate their boss and don't put any of my work through the company. I supply the parts and pay them directly.

Other than that I have an upcoming holiday rental in the US. In the past I had to create a USD cheque at my British bank and then post the fucking thing. Last time they lost it and so it had to be done again. In total it took over five weeks before they got any money in their account.

This time around I told them it's BTC or nothing and they agreed. Dunno if they'll use Bitpay or whatever. Not my problem. It'll be done in an hour.

I wonder what the uptake would be if there was such a campaign. It would be nightmarish to operate but quite an intriguing thing to observe. Most people here are only because of the dollars anyway.

Unless you kept it to one country you'd have a full time job sending via Paypal, WU and bank transfer. At the very least it would remind people why crypto is rather nifty.

I can understand why someone might be sceptical and unhappy with the direction Bitcoin has taken.

What I don't understand is how any rational being can look at BSV and think 'hot damn, Craigy and his miner have this shit nailed.'

You can support big blocks and still think the current options offering it are broken jokes. It's not a crime or dichotomy. Most people are pissing on their current implementations and the personalities controlling them, not the concept.

The geezer was a computer repair person.

He had a raspberry pi in the corner of his workshop staking or mining or whatever and we got talking.

I mention it pretty often. I find it a bit weird that someone would assume you were a trillionaire and murder you just for talking about it.

In all my years of wandering around the UK I have only met one other real person who had any BTC or mentioned it who wasn't infected by me.

These surveys about 20% of Turks overflowing with BTC are a fucking joke and I'm amazed they had the balls/shamelessness to publish them. For somewhere like Turkey 0.2% feels more like it.