It did not prove me wrong. How many out of 10 people who answered in this thread do you consider childish or hateful? I didn't say there aren't such people in the community, but generalizing and saying that it's the majority is actually offensive because it will be hard for you to find threads where people just roast someone.

If you're looking to be offended you'll surely find posts that will satisfy your need, but it's not the community's fault.


Really? I don't like Musk for what he did in 2021 when he made Tesla accept Bitcoin and just a couple weeks later cancelled it saying it's bad for the environment which was a fake argument meant to justify his pump and dump attempt. I've never followed him but I had a lot of respect for his work. Not anymore.
I've never had any money on FTX, never even had an account there and thought SBF was full of shit with this posing as a charity loving, poor living billionaire who only cares about his mission. I didn't think he's a scammer though, that was a surprise, but the general rule is you don't hold money on exchanges.

Again, don't generalize. There are many people like me on this forum and in the community.

Oh, is that how it goes? When Bitcoin fails people put their money into altcoins... Show me a single instance in the last 12 years when bitcoin failed.
I know a few situations where altcoins were pumping due to a false narrative like when BCH was created and pumped by Roger Ver whose team was spamming the bitcoin network to increase fees. All such attempts have failed.

Don't be fooled by stupid narratives and don't hope that if bitcoin fails altcoins will pump. If bitcoin ever really fails altcoins will crash like never before, Luna style.

And that would really help you if you got into a situation like these people. I'd like to remind you that one of them died in a helicopter crash and the other one died in his sleep. Mircea Popescu that's mentioned by OP drowned while swimming in the sea. I'm sure if they had a bodyguard they'd all be fine

In reality every day hundreds of people die. The more bitcoiners there are the more frequent deaths among them will be.

You have a point there and that was also my first thought after reading OP's strat. This tends to work as long only for people who are very good friends and even in such case it can fail.
I bet that not all of them have access to the account. If they win a lot of money there will always be that guy willing to bet the teams money without asking for their opinion, or worse, steal from them.
If OP can work it out - great. If not, no more friends and possibly no more money

To me going back to 17 is a bad sign because there was no real recovery after what happened in November which is a sign of weakness. To talk about a reversal you need volume and a price attacking higher points, not dragging on for weeks with no volume. If we went from 21 to 16k and then back to a somewhat stable level of 19k we would've called it a sign of strength. An insignificant level of 17k acting like a resistance is really bad for the short term.

I wouldn't expect anything big in December. Even if FED pivots in 2 weeks the best we can hope for is 19k again, which again is a bad sign if it stops there because it's still below the 2017 ATH.

Do you really believe that a guy who gave his parents a house worth 16 million when the liquidator found out FTX had liquid assets worth, if I remember correctly, about $800k?
We could say he couldn't count, but he was a math geek, a guy who graduated with a degree in physics.
The company was drowning and had no money months before the collapse, but he kept lying to people, telling them their funds are safe and FTX is solvent.

Sam is a liar and a thief.

Even the data you've posted proves that we shouldn't relay on it with our predictions.

For instance, if you followed the chart between 2013 and 2018 you'd say that out of the last 5 Junes 4 were good, you'd buy in May thinking the pattern would continue and get a 14% loss. Then next year you'd probably think that last June was so bad you'll stay out of it for that month and you'd miss out on a 26% increase.
 
As for Decembers, there's a clear pattern. 2014  and 2018 were the first years after ATH and they were red. Out of the winters that did not come in less than 12 months after ATH only 2019 had a very small 5% drop. All other Decembers were green. This time our December right after ATH was in 2021, so we already had our red month. If we follow the pattern, there's a high probability this one will be green.

I feel like I should add for people who are too euphoric about the green and red months, the way the chart works that even if there's a 1% increase in the average price for the given month, it will display as green month. A 20% drop in one month followed by a 5% relief rally will show the current month as green, even though in the last 2 months we've lost 15% and are in the red.
Technically, you can have 11/12 green months in a year and still be at a 50% loss.

It depends on whether you'll be able to start a business and put some money into bitcoin. Don't buy altcoins if you don't have bitcoin, that's one of the things that I tell people who ask me about "crypto". Owning altcoins isn't a bad choice, but bitcoin should always come first and be the largest part of your portfolio. If you want to know why it's because becoming exposed to altcoins exposes you to bitcoin too, but not the other way round.

My answer to your question OP is yes, invest in bitcoin, but don't go all in. Even if you decide to build your business, put 5% into btc. We not only regret things we do and fail, but also things we don't do

I can find many people in this very thread who are showing maturity and good behavior talking to you without any aggression or those nazi symbols and penis pictures that you dislike.
We are all a part of the crypto community and if you read some threads you'll find that those childish attacks are in minority.
You're generalizing by saying that the community is the worst and so on. I've been here for a few years and I feel that it's the other way round.

What behavior do you expect from us? If you're looking for approval and calling the lack of it immature, you're instantly putting yourself on the receiving end.

We can't blame only the thieves and scammers. Some of them can't help it. It's funny that there's so many mentally ill people who are narcissistic sociopaths and compulsive liars in crypto. The late John McAfee was one of them and lately Do Kwon and SBF.
There's a recent interview with SBF on Youtube, you can check it out if you're able to listen to that guy for 20 min, I sure had some difficulties. He's constantly lying, trying to make himself look like he's the victim, like it was all Alameda, like Alameda was a separate entity that did things on its own... He denied having backdoor access to the exchange that allowed him to move funds when all his co-workers said that he had that and the funds were obviously moved by him because he was buying properties left and right. Fucker wanted to act like a poor guy, driving a Toyota, but in the meantime he was buying himself a yacht with stolen money.

You need to be raised in this culture to have no feelings for animals. I'll give you an example. When I first saw a movie about how the Chinese treat dogs and cats before eating them, I was struck by their brutality. These people boil them alive because they think the taste is better if they prepare them this way. It's a sick practice and they don't even blink when they torture these poor animals. They act like this because they were brought up in a culture where an animal is treated like a thing.

Same with those who watch animal fight and enjoy them. You don't care about feelings of a fly or a mosquito and they don't care about rams or dogs. To these people it's one and the same.

At first I played at random, but I either did it for free with money won from a faucet or a signature campaign, or money from a giveaway, you name it. It was always pennies per game until I got a hold of it. Don't bet a lot when you're a beginner but also don't be afraid to try. You can play with just a few dollars. Poke around, try different games, find the ones you like and understand. You usually have to pay for knowledge so be happy this one is so cheap.

Ask yourself why no country is doing it. The answer is, because it can never work in a Western country, where people have some basic freedoms. How would any court justify imprisoning people for owning a digital form of money? Nobody would feel safe if they started busting people's doors and going through their computers because they bought cryptocurrency.

The best way of fighting it is doing what they're doing, trying to make a centralized version of digital currency that they control and that is linked to the current financial system to satisfy people who want fast digital money that can be sent 24/7 with minimum fees. CBDC will cover that for you, be accepted even in places that don't accept bitcoin and allow the government to track your purchases, charge you as you go and such.

It's already being done. The goal is to create a society where you get a ticket and the money is taken from your account. They don't ask you to pay the bill, they just take the money. You get into argument with your wife and leave home, she calls the police, says you hit her, they access your wallet and see that you bought a beer in a bar, they go there and arrest you.

Another situation. The government decides to additionally tax all owners of cars that are over 25 years, or over 2 litre, or whatever. They instantly know you own one and deduct the tax from your wallet.

The best way to fight something is to make people disregard it by showing vulnerabilities in the system and making something that is similar and doesn't have those exact vulnerabilities. It may have different ones, but they'll emphasize the ones they want to "fix"

Example? Bitcoin is vulnerable because of its exchanges. Our digital currency will be exchangeable at any bank, so you'll be able to create a digital currency account and transfer any amount of fiat currency into it through the bank's API, with no fees! We won't tell you that this digital currency is centralized and we have full control over its creation and destruction. We'll concentrate on making you fear crypto exchanges and feel secure exchanging at our bank.

It's not harder than 30 years ago, believe me. My parents used to live in a socialist country and there was literally nothing to do for fun. You'd come back from work, have a meal and watch TV, because there were no fancy restaurants, no shopping centers, no fancy clubs. You could go for a walk with your dog or visit the local grocery store, buy a bottle of vodka and get wasted and that's what 50% of population did at night. They'd eat a meal and either listen to some music, watch TV, or read a book, while drinking themselves to sleep.

We had a fairly good 10 years before covid that was a nice time to had a baby. Now it's worse but not nearly as bad as it used to be in the 80s.

I can only blame myself for reading the thread wrong. There's so many PoS debates on the forum that you just don't see the word steak as legit. You want to read it as is, but your mind tells you "it's not steak, it's stake, you're seeing wrong" So you think it's another one of those trolls who will say ETH is the new bitcoin and it's so much better than btc because of carbon footprint and if we get rid of it then the glacier temperature will go up by 0.01*C per 10 years.

Good job OP, stakes look delicious. Makes me wanna see them cooked.
I hope you didn't overcook. Post some more food porn for us.

That's true, unfortunately.
If you have a steady flow of cash from a job or a business, you can always put 10% of it into bitcoin each month and not worry about the price. What's the worst thing that can happen? Bitcoin goes down 20%? You just lose 10% of your 10% which is like nothing. When you're someone with no income investing their savings, a 20% reduction in that can make you lose sleep.


That's also what made me interested in 2015 when we were scraping the bottom.
Invest what you're comfortable with. Bitcoin will be higher than it is today, but we won't give you the exact time. It can be next year or in 3 years. Make sure you can survive without the money you put in bitcoin for at least 3 years, without having to borrow money or sell your home to buy food

As a parent I have to say they do. Statements that they don't often come with estranged wives who have to take care of the children alone, but there can be so many reasons for a man leaving that you can't simply say they left because they did not love the children.
A woman has a different connection with the child than a man does. For instance, I can see that my wife is more caring, more gentle, doesn't get bored as fast as I do, but I'm the one who in case of emergency would be able to carry the child for miles, drive to hospital without going into shock or panic, have enough strength to protect them both. I'm also there when her patience runs out. She starts screaming, I come in with a cool head and take over.
We're just made for different things. A woman makes a house feel like home, but without her man there would be no house.

I don't agree that there's a visible domino effect at all. The bankruptcies are all linked to scams because that's how you call companies that take your money and tell you they're going to keep it safe but really buy yachts and apartments with it. This is textbook scam and there should be no leniency and no attempts to explain them or bail them out.

IMO a domino effect bankruptcy happens when a legit company exposed to a bankrupt one goes down because they realize their investment is lost or frozen in the bankruptcy proceedings.
When a scam company goes down and exposes a scam in another company, it's not a domino effect but a cleansing!

To me you're trying to have your cake and eat it, OP.

You want to hold bitcoin so that you still have it ready when the bull run comes, but you also want to spend bitcoin in a casino, so you convert into other coins and spend these coins thinking that losing an altcoin is better than losing btc? If you're not a holder and the entry point is you spending fiat to buy a coin, you're going to be in the same situation regardless what coin you use and play with. You're confusing yourself by switching between these coins, thinking that you're losing less this way or what?

If you have very limited funds that don't allow you to save up, invest and gamble at the same time just don't gamble, or gamble with very little money. Investing should always come before gambling.

There's always people taking advantage of other people. This is like a rule everywhere you go. The fact that you're exposed to crypto doesn't make it any better or worse, it's just that this is your small world and you see the events unfold here, but if you were investing in the real estate market or trying to start a company you'd probably see the same thing happening there.

I always view the world as a journey through a minefield and if you do well you should be able to avoid most of them, but some people will inevitably blow themselves up. In crypto not holding coins in your own hardware or software wallet is like going through the field in a straight line, without looking, hoping there's no mines there.