OK, so George Soros is now officially trading bitcoin at his investment firm Soros Fund Management. His intentions are unclear but he is well known for being a ruthless financier. Do you think this a good or bad thing for bitcoin?

Are ICOs still even a thing?  With that being said, the earlier you get into an investment the more gains you will make. But with those gains comes risk. New projects are way more likely to fail and are magnitudes of times more risky than established projects.

China's game plan is control. Plain and simple. They can't control Bitcoin totally so they are banning it outright. If you think there is a secret way of controlling bitcoin (through mining etc) then bitcoin has failed. China knows this and have banned it. Good riddance.

Since when was the whitepaper intellectual property? This judgement is beyond absurd.

The obvious answer is yes because in theory a reduction in supply would cause a "supply shock" after a period of time, and even if demand was to stay the same as it is today, the price would increase sharply (ala supply/demand ratio). The bitcoin ecosystem already burns coins through lost keys, deaths, etc. So there is no need for further coin burning mechanisms.

I think that is highly illegal and completely unethical. No sitting judge would do such a thing lol.

It now also looks like Binance is getting push back in the UK.


FCA Full Article: https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group

Investing based on what Elon or any other "influencer" says is so cringe and extremely dangerous. This man has his own interests at heart. Lets not forget he literally backtracked and stopped accepting Bitcoin at Tesla. Why? Because of his it adversely affected his company's carbon incentives. This man will drop Doge the moment the regulators get on to him. Don't end up as bagholder when this finally pulls the meme coin rug.

Full article here: https://cointelegraph.com/news/binance-to-cease-operations-in-ontario-following-regulatory-crackdown

This was always inevitable. Banks won't just stand by and watch crypto exchanges make all the money.  Overall this is a step in the right direction.

POW is the only proven way to secure the network. Read the whitepaper and read into older implementations of fully decentralized e-currencies. Securing the network in a decentralized way and solving the byzantine problem is nothing short of a nightmare but somehow the genius that is Satoshi and the early devs solved it.  Anything else (POS, DAG, etc) is gravely experimental and bitcoin is nearly a $1 trillion network. It's not worth the risk. POW can be improved with greener mining solutions and increasing transaction throughput through L2, L3, etc. Overall POW is not a problem, it is a beautiful conception that has worked near flawlessly for over a decade.

Bitcoin will survive another decade. The on/off ramps will be way more regulated. Mining will be forced to get much greener. New "next bitcoin" coins introductions will slow down. Scammers will move on to the next thing. Overall I think the bitcoin sphere will be a less erratic and cleaner place in 10 years time. 1 BTC = 1 BTC

Learning any new skill is always worth it. Just make sure you don't give up your job and full time trading until you have a solid plan in place and at least some savings to help you cushion any unexpected situations. And don't use leverage until you consider yourself at least not a novice.

This man was a security expert and he was always talking about having a dead man switch plan in place. He either ran out of coins or if he had any left then you have to believe his loved ones will have access to his stash. Either way this is a sad story. RIP John

The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.



1) Secure your crypto - This is the first and most important step. The bear market might last a few years and you want to be securely hodl your coins through this long period. You need to decide on how you want to store your coins.


2) Decide DCA strategy - The best way to win big in a bull market is to have enough coins to sell. You want to load up during a bear market and off load into a bull market. The dollar cost average strategy is the least stressful way to invest in crypto. It means buying a set amount of coins regularly. Learn how to DCA and pick on the amounts you want to do. Try to automate your DCA so it sort of happens in the background.
 

3) Uninstall all the crypto price apps - During a bear market the worst thing you can do is regularly check the prices. You can be having the best day of your life and one look at the price will ruin it for you. Uninstall those price alerts and try to avoid checking the price.


4) Avoid crypto twitter - CT is worst place to be during a bear market. Everyone bashes each other and the memes are not as funny when the price is tanking. Overall its a sad place to be during a bear market and it will negatively impact your mood.


5) Block all the haters - We all have a few people who can't stand to see us happy. It could be a "friend", a family member or even an ex. Block these people and don't give them the opportunity to laugh in your face during heavy sell-off.


6) Do something productive - This is one of the most important steps. You have to do something productive with your time otherwise you will slide back into the negative feedback loop of the crypto bear market. Build something, work on a project, learn new skills, take up new hobbies, travel, etc. Keep yourself busy and you will probably forget all about crypto until the next bull cycle when you check your wallet and your minted!


7) Enjoy life - And always remember life is too short. Enjoy it.




The overall goal is to try to push crypto out of your mind during the bear market. You cannot control the price action and market. When the market is ready it will pump again, so why wait doing nothing? Do something in the meantime and check back every now and again. You will be happier, more productive and possibly wealthier.

I'm sorry but bitcoin bull markets don't end like this. I mean you had a few months of above $50K prices. Bull cycles usually end in massive pumps. Imagine 20k green daily candles for a few days. This feels a lot like 2013 when we corrected midway through the cycle and then went up again. Overall I think we are at the bottom right now. With that being said on a final shakeout move we can see an absolute low of $25K. Lets wait and see.

As long as altcoins are paired against BTC then they will always react to bitcoin price movement. At the moment it is more than likely that Chinese miners are selling their bitcoin to fund the great mining exodus. It should be a short lived sell off. I really don't think we are in a bear market here.

The bear will come but not yet. We are not even half way through this current cycle. Mark my words, we will see a much bigger price expansion before we enter a bear market. Top for this cycle will be around $140K - $160K.

I just want to firstly thank Satoshi and all the early bitcoin devs for literally creating a whole industry. Without bitcoin and crypto I would stuck in an office job as a middle manager. Bitcoin literally gave me and many others a way out. I am able to now create and build projects that would not be possible without bitcoin due to massive barriers to entry in the legacy world. And I am so grateful to Satoshi and co.

With that being said. What would you be doing if bitcoin did not exist?

This guy gets it. Trading is only good if you are good at it. Otherwise its an exhausting and expensive form of character development. If you are not good at trading then just hodl. You will probably outperform 95% of traders.