I think that in general it is true that people in countries where there is more employment and more opportunities for progress will have it easier but even in those countries there are many people who shoot themselves in the foot, as can be seen by the level of indebtedness for consumption in the USA for example.

If a crisis situation arrives but during the previous years you have prepared for it, it will either not affect you much or it will not affect you at all. And by that I mean:

1. Having saved an emergency fund of between 3 and 6 months of expenses.
2. Having saved extra money if you could foresee that you were going to lose your job, as well as moving to get another job as soon as possible.
3. Having several sources of income, which help reduce the impact of losing your main job.
4. You have been investing regularly, buying Bitcoin and other assets.

With this homework done, the outlook in the face of a crisis is very different.

What has happened has a very simple explanation:

July Fed Meeting: FOMC Raises Interest Rates To A 22-Year High

And the key is in the following paragraph:


The market after the June pause had started to uncork champagne bottles and after the last meeting has returned to bearish mode, something that affects financial assets in general, including bitcoin.

The only consolation we have left is that we can buy cheap.

Maybe because this forum is bitcointalk.org and not bitcoin.org? Even if both were created by Satoshi himself.

To begin with, he must have a lot of money to bet with those amounts. But what he is asking for seems to me to border on gambling addiction. Having to ask strangers on the forum to bet $250K for you because your limit is "only" $45K. It's not even for bets anymore. For a business for example, I would be much more careful and take much more time to analyze whether to send $250K to someone and how to do it, apart from studying the guarantees you would have, surely sign a contract or something.

Besides, he says he plans to use an escrow, but I don't know how he will act, because at the end of the day the member who bets will have to receive the $25OK to deposit and bet it, and if he is going to ask for collateral I don't know if many members will have it or will want to leave it for that amount. Besides, if he wins the bet, keeping the money will be very tempting for some people.

For certain quantities it is impracticable. If the payment that arrives to you from "Quassam Bon Loden" from Syria is 400€, then surely nothing will happen at that moment but you will not be very calm if the treasury of your country a posteriori begins to review your accounts and finds quite a few of similar payments that you haven't declared as taxable events by selling Bitcoin.

But if you are trying to receive a payment of 10.000€ or more, in most European countries your bank will block the transfer and will not make effective by writing the amount in your account until you justify that this transfer has a legal origin, and then the DEX will not be of any use to you. And do not tell me that you were going to declare it anyway, because for that you would not take the trouble to do it through a platform that has much less liquidity, you pay more fees and in any case you give your data to a stranger.

It would also be necessary to see how the bank reacts if you tell them that it comes from a P2P Bitcoin sale, because I don't think they will say: "Oh! Ok" and they will instantly write down the amount in your account.

Depending on the country in which you reside, they will block the transfer even if it comes from within Europe, and if it comes from a conflictive country they may block it and/or ask for justification with smaller amounts.

You are doing too simple a mathematical operation. Where is the demand in your equation? What happens if the demand is multiplied by 1,000 or by 1,000,000 in those 120 years? Bitcoin is a scarce commodity of which there is less and less new supply. To think about how much the price can go up you have to factor in how much demand can go up, and also inflation in the fiat currency of reference, although I think like mk4 that the returns in percentage terms as the cycles progress will be lower, and I opened a thread about it at the time.

I have always said so. To make money in trading you need a lot of knowledge and experience, as well as capital, because if you use leverage, and the more leverage you use, the more likely you are to go broke. For newbies and people in general it is much better to invest for the long term. If you are going to buy Bitcoin, which I hope will be after researching what it is and its history, the best for someone with little capital is DCA. But this is a boring strategy that is not promoted by the trading sites


That's what happens to almost everyone. And not only in crypto, which is more volatile, also in the stock market.

The best thing to do is to keep it simple and buy Bitcoin to the best of your ability. Every week or every month. Buy, buy and buy. And wait for the next bull market, or better yet the one after that to sell.

This if you include it in an overall wealth building plan is the icing on the cake.

I believe that what LoyceV raises is legitimate. If they should move to the Altcoin board, and it seems to me that they should if we respect the philosophy of this forum. Both mixers that pay you in notes or similar, and casinos that pay you in the casino account, which is the first thing I thought of as well.

Not your keys not your coins.

If you really learned and understood mathematics applied to gambling, you wouldn't think like this.


Not much. They do not affect my gambling patterns, which basically consist of playing poker regularly and only very occasionally playing casino games or buying lottery tickets, as the latter are EV-.


The problem I see with this is that just because you stop participating in the signature campaigns, you will not stop wanting to gamble if they are already born in you. If you think you will do well this way, go ahead and try it, but I think it is better that you study statistics applied to gambling.

Well I believe that in terms of increasing in price it will continue to do so as the cycles progress and that, although the returns will not be those of the former, the evolution of Bitcoin in fiat terms will far outstrip inflation.

What I don't see is why it should reach the masses. The masses will be reached by CBDCs and for Bitcoin to succeed as a store of value, as it already is, you don't need everyone to use it. It would simply be enough for less than half of the people who buy gold as an investment to use it, because you have to think that gold can be used as jewelry, while Bitcoin cannot. And as limited as it is, I think it is not so much a question of how many people want it as how much money the big players are willing to spend to get it.

I think that today it is more of a store of value than it was at the beginning, and that is going to be the main function it will have.

Bitcoin is the only financial asset in the world that has a total limit to its production, and that makes it very valuable. When something is valuable people tend to hold it rather than spend it. Counting that we have many alternatives to spend junk, fiat currencies, CBDCs, shitcoins, and fiat payment systems, the normal thing is that people tend to keep the Bitcoin and spend the junk.

Apart from the fact that for Bitcoin to be a global currency we would run into the problem of scalability, which is not clear how to solve, while as a store of value that problem does not exist, or is minimal.

Well, in this thread we have another example from a member of the great Nigerian community on the forum.

I hope the new phone will serve you in general, apart from your contribution to the forum. I guess we all rejoice when we see how people make positive progress but if we see that they are in a difficult environment even more so. I imagine that what you earn in the signature campaign will be very good for your family and little by little, when you go up in rank and can get paid more, the better. Although I would recommend saving some if you can for the next bull run.

Well, it's just that, actually, the articles have a view of economic policy as I have, which is not shared by many people in the forum today, although in the origins it was so.


If you are referring to inflation in the USA or European countries, in fact, at the peak, year-on-year inflation reached 10% or more in some places. But it is not 10% monthly inflation. When the data is given it says: "the year-on-year inflation reached 10% in May" but it does not mean that in one month it went up 10%, it means that from May 2022 to May 2023 it went up 10%. Another thing is that we believe the inflation figure, since it can easily be double, but if we go to official data, not even Argentina reached10% monthly last month despite having an annual inflation of more than 100%.


Actually, I have looked and I have seen that he knows about Bitcoin and speaks well of it, but I do not understand then why he proposes to put himself in the hands of the FED instead of doing as in El Salvador. I imagine that volatility and that El Salvador at the moment has not done as well as expected are two reasons.

So, I've read Bitcoin: Atlas Shrugged and here are my thoughts about it.

This chapter focuses on the theft of inflation, although I understand that it remains to be developed further in future chapters. The solution to this, as the article points out and as those of us who have been in this forum for some time should know, is Bitcoin.

We have to think that theft through inflation is almost as old as the currencies themselves. The Roman Denarius coinage was 95% silver at first and successive rulers came up with the idea of reducing the silver content and replacing it with other metals in order to finance their spending. Within a couple of centuries the silver content was reduced to only 5%. This caused inflation because people realized that there was less silver in the coinage, and so they required more coins to pay for the same goods and services.

In this regard, I also wanted to bring up a recent news item, which is that of the Argentinean presidential candidate Javier Milei, who wants to completely dollarize his country's economy in order to take away the power of the printing press from its rulers.

This is quite shocking because we complain about the massive printing that the FED or the ECB is doing, but you have to stop and think that it could be much worse, like in Argentina.

Someone would have to talk to Milei about Bitcoin, so that he would realize that he can base his economic system on a currency that cannot be manipulated or overprinted because it has a limit that in practice is impossible to change. Much better that than relying on the Fed's printer.

Well, in general it is worse than DCA but it also depends on how much you are going to hold what you buy. Someone who bought at the 2013 peak at $230 would lose money when the price dropped within a couple of months if they panicked and sold, but if they knew how to hold and didn't sell until the price was at $23K this cycle they made a lot of money, multiplying the initial investment by 100.

It is very difficult to hit highs and lows, but what has proven extremely profitable in Bitcoin is to hold for long periods, say a couple of cycles.

Apart from DEX, he can maybe try the Currency Exchange section of the forum, although he has a very limited offer and it is difficult to find a match for what he wants. I would take a look at it anyway.

I've also heard that there is a bot on Telegram for buying and selling with LN, but I don't know much about it.

It's not.


If theymos says this, don't expect much from the DTs in this regard.

If it comes down to that alone, I don't think you're going to get more than a neutral tag. Another thing is that apart from the merit abuse it is seen that they are alts that have joined the same campaign or that have plagiarized, things like that, as it has happened in other occasions.

Theymos himself said that he was not going to give importance in merit issues to anything but selling merits.

I agree with your reading that the OP probably many of the newbies we see around here are undeclared alts. In principle, even if they don't say they are alts, we don't have to assume they break the rules and alts are allowed, but in most cases we end up finding out over time that they trade merits with each other or join the same signature campaign, things like that.


In any case, we should give merits to their posts simply for the quality of the content.

Congratulations because you have won your first two merits for a rather poor post but I hope it will encourage you in your journey through the forum.

There is no such thing as Bitcoin as a source of income in the same way that there is no such thing as the Dollar or Euro as a source of income. What do exist are jobs that pay you in Bitcoin, just as they can pay you in Dollars or Euros (technically speaking, there would be a way to lend Bitcoin for interest, but you are not talking about that and it is too risky for the low return they usually give)..

In a good way and wanting to understand benevolently what you mean, I think the answer to the dichotomy you pose is that neither one nor the other is better. The important thing is to accumulate Bitcoin to the extent of your possibilities to ensure a better future. If you do it with fiat money that you earn in your job and then buy Bitcoin or if you do some work in which you get paid in Bitcoin and that at least partly you save it, it is not so important.