You're right, I hadn't realized that and it doesn't seem like a good move. It could still be worse, though, if he was active in this discussion with insults and such.

Anyway, unless something else happens I see it unlikely that he will fall out of the DT1 lottery, as I think most of those who still trust him will continue to do so if everything stays the same.

Sounds like a made-up story to me to get merit. It would be nice if he specified what kind of "personal wallet" he used, because if it was a custodial wallet it's not a great idea, and if it's not, there are only two types: a paper wallet which is almost impossible for a newbie to have made, or a HW which is unlikely. He says he was a student when he bought. How much was he able to buy? $50? and did he spend more than that previously on a HW for his first purchase to have it available? Sounds pretty unlikely story to me.

Well, this is another typical story in this section, which we may doubt if it is made up to get merit, but even giving the benefit of the doubt to the OP, I think a bit along the lines of mk4 that you have to tread carefully when introducing other people to Bitcoin. Firstly because by telling other people about Bitcoin, we are revealing that we have and that poses a potential risk, and secondly because of what was said that it may result in financial loss to that person and them blaming us.

I would add that I think Ratimov, after the fuck-up he made with the thread deletion, is playing his cards right atm, not getting into the fray. I guess he'll wait for things to cool down over time.

We discussed this a few pages back in the thread. If you care about your privacy to the fullest, then don't participate. Then there are other options like having a PO box and having it sent to a name other than your own (or simply "the owner"), so the most anyone will know about you is the approximate area where you live.

Depending on where you live there are also other options:

Look, first of all you need to have an emergency fund to cover 3 to 6 months of expenses, if you don't already have one. It's from personal finance 101.

Then, if you want to get financial stability through "cryptocurrencies" I advise you to forget that word. Use only Bitcoin. The best you can do is a strategy known as DCA which is to buy at regular intervals. How much can you buy? $50 a week or $50 a month? Buy every week or month depending on your situation the same amount. In 5 years there is a very high probability that you will have obtained a very good return on your investment.

You can get an idea by simulating at https://dcabtc.com/ (the only thing is that the simulation is based on the past, and the future does not necessarily have to be like the past, but it serves as a guide).

Lol. I nearly died laughing at this.


Yes, there are several factors that can influence, so while the news is good, we will have to see concretely how the price of Bitcoin evolves in the near future.


That is clear, there are many things that I personally don't like about the USA, like the shootings or the opioid crisis, but we have to think that in spite of that it is the number 1 country where people want to emigrate. It has above all opportunities for those who emigrate there that outweigh these aspects. Not to mention that people who emigrate from countries like Venezuela, or El Salvador before Bukele, countries like that, are more likely to be shot and killed in their country than in the USA.

As you have already been told, trading is an activity in which you have a high probability of losing your capital. Very high, despite what is promoted. And no matter if it's Bitcoin, stocks or commodities, it's the trading, not the Bitcoin, that has made you lose your money.

The first thing you should learn is what Bitcoin is, why it was created and what problems it solves, what its essential properties are, and so on.

Then you will see that it is best to invest for the long term, with DCA being an optimal strategy if you have little capital as for example BlackBoss_ recommends. But it's a slow and boring process and it's not going to make you a multimillionaire overnight by investing $100.

If you are loaded with reasons the best thing you can do is to stop being ironic and insulting, as I think you have already stopped doing in some cases, for example by stopping writing Ratimov, you will be much better off. It is a mistake I made in the past and looking at it from the fence the best thing you can do is to provide rational arguments, emotionally neutral, and let things fall under their own weight.

I see they get paid with discord shitcoin, is that right? I have been looking for information to get the equivalence to dollars but I have not found it. There is a discord token that ceased to be traded on April 29th of this year.

On the other hand, I don't know if you think we should report them? Tagging them is not going to have any effect and in any case it should be with a neutral, I understand.

I recommend you to play poker or sports betting, playing slots you are going to lose money for sure in the long run, and as for getting addicted it depends on many factors but if you develop a kind of dependency and spend many hours you better be winning money than losing. Playing slots, as in general casino games, you will only lose and get into trouble.

I voted for "I don't know" for lack of a more accurate choice that represents what I think. I think the price will tend to go slightly up in the month, but I don't think it will be exaggerated and I doubt if we will have a small dip in December. After so much time of bear market it is normal that people feel bullish at the slightest joy but if we see what happened in previous cycles the pre-halving months there is a rise, followed by a small fall to enter the bull run proper after the halving. History does not have to repeat itself but it is better to keep it in mind.

As it is, what the OP says looks like he has not included a good emergency fund in his plan so that he can draw on it when the going gets tough and not have to sell his Bitcoin. In my case, I have modified a bit the plans I had regarding Bitcoin over time but due to my financial evolution and knowledge, not because I have been forced to sell.

From the looks of it, people on this board prefer to talk more about the apocalypse than good news, given the responses to the thread. The only question I have about your argument is how it's going to affect rate policies. If there is economic growth people will continue to spend and the momentary pause we have now in rate hikes may not last long and they will have to keep raising them. It's not a one factor thing but so far Bitcoin has done very well with 0 or very low rate policies. What has happened so far in recession is that central banks started printing to get out of recession and because of the Cantillon effect much of the printed money ended up in financial assets, such as Bitcoin. I'm also not saying that economic growth and high rates are bad for the price of Bitcoin but we will have to see how things evolve.

No, actually it's not as easy as taking 1642 and dividing it by 92, you also have to factor in compound interest for inflation. According to https://www.usinflationcalculator.com/ the cumulative inflation would be 180% between those two years, and it is logical to think that they are based on official inflation data, so we can assume that the real inflation is even higher. Taking this into consideration we can safely assume that the debt is now increasing at least 6 times faster but not as much as 18x.

With how long you've been doing this, I'm surprised you'd say that. Haven't we learned anything from what happened this cycle? Everyone was looking at stats and charts and predicting stratospheric prices for this very cycle, which have not come true. $150K was one low prediction for this cycle out of many, and look how that turned out. Dan Held was already predicting a maximum of $0.5M million for this cycle. We also had very sophisticated models such as the S2F model giving predictions that were astounding and when the price falsified the theory the author insisted on continuing to make a fool of himself by reformulating the theory instead of considering it false.

That said, I hope you are right or even short and we hit $2M per Bitcoin the next cycle. That would do me great.

Yeah, well, never forget that there's life outside of the candles, you know? That said, I agree on the general reading, if we don't have any real life events that negatively affect the price, it looks like the next few months are going to be bullish, although a repeat of the regularity of past cycles would push the price up to $50K or $50-something at best before halving.

Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.

As far as I can see Ratimov, who last month was in DT2, has returned to DT1, with less strenght, as already commented.


I don't see much strength in this argument. You are almost Legendary only with the merits that fillippone has given you and something similar happens with 1miau, besides they are the two favorite profiles of yours to send sMerit to. At a lower level, the same happens to me with LoyceV, thanks to whom I ranked up to Sr member.


Leaving aside the issue of merit, I have a high regard for LoyceV, as I assume you do for the other two. So, if there were a reputation thread against them, I suppose in principle we would be more skeptical and require more evidence to turn against them. It's a normal thing. You could also apply that ironic tone to these cases, saying that fillippone and 1miau are your masters, just as mine would be LoyceV.

I don't think it's a problem in general. If you are attracted to Bitcoin for what it is and its properties, such as limiting supply and decentralization you have to put up with the irreversibility of transactions, whether you like it or not. These are the rules of the game, and seeing that Bitcoin is increasingly trending more as an investment vehicle than as a P2P currency I don't see the problem. Now when spot ETFs start to be approved people who want to invest and escape irreversibility will buy Bitcoin ETFs through their bank or broker, and when they want to spend they will first sell the ETF (or part of it) and spend with their card or CBDC afterwards.