What's a dirty coin? Since you cannot delete nor destroy bitcoins, provided that bitcoin continues to exist for another 100 years, most coins will be dirty to some extent. We shouldn't make a big deal out of it. You cannot be responsible for what someone else did with their coins. For instance, a lot of coins were taken from onion marketplaces by the police and then put on auctions, so these are "dirty coins" but they will never be clean again.

IMO we should stop worrying about things that we don't control and history of coins we are buying is one of these things.

CBDCs are not undermining bitcoin. Only stable coins should be concerned by this because it's more or less their equivalent, just owned and backed by banks instead of private companies.
Bitcoin is more of an investment and a decentralized form of money than a stable coin and it does not compete with centralized money. CBDC will still be fiat-based. If a central bank issues a digital currency and the country goes into recession, hyperinflation, defaults on debt, their digital currency will take a hit, just like fiat.

IMO there's not much difference between old fiat money and new digital version of fiat money.

It may not be an allergy but a change in skin that's triggered by stress or mental problems. For instance, children can have rashes that look like an allergic reaction but the real reason for it can be fear or pain. Such rash often appears when they're teething.

I don't have any problems before or after a gambling session, but we can say that depression after losing some money is enough of a symptom to really think twice before betting a lot of money
None of us likes that feeling

With the amount of money he's paying I'm sure he needs verified accounts, so if anybody has their identity for sale for a few hundred bucks, this is a job for you.
That said, I know a few drunkards who would call this a sweet deal

Traders and investors will tell you that it doesn't work like that. You take a loss whenever your asset goes down in value, you just don't accept this it but cannot deny that it is there. You can see it being down 20% and think that you'll wait for recovery, but what if this recovery takes 10 years? You will be at a loss the whole time even if you won't accept it, it will be like your money's frozen. You won;t be able to use it because using it would mean accepting the loss and selling at this new low price.

Don't worry though. throughout my time in Bitcoin i was at a loss in my first bear market in 2016 but i took it like a man and held. Then we had that drop in 2020 and I was at a loss again, but I held. There's almost no way that we're going to revisit 2020 lows ever again. Just think of the worst and be ready for it. 20k this year? Bring it on. Once we reach the lows there will be only higher prices from that point.

I don't see any significance in the number of red candles. I feel like the % drop and transaction volume are mor significant indicators of what's going on.
You can have a lot of red candles that barely move the price and you can have a single one that takes us down by 30% what would you rather have?

If you really want to get into details just check how much we were going down each week in 2018 and what volume that was and compare it to what's happening now.
In February 2018 we went down 30% in 1 week with volume reaching 70k bitcoins on bitfinex alone. In that "big crash" in May (which really wasn't big) the weekly volume was just 10k bitcoins. This tells a lot about how much supply is being held and how little is being used to determine fiat price. The market is much more mature.

I have a question to all of you who, like OP, think we could have an over 80% correction from the top. What makes you think that it will happen?

Sure, it did happen in 2014 and in 2018, BUT... If you were betting at a fighter who won 2 fights in a row, you'd think his chances of winning against another opponent are high because of his past performance. In reality, his chances are based on many other factors like, to begin with, the opponent himself.
The fact that you had 2 car accidents doesn't mean a third one is waiting to happen. You know where I'm going here.

Bitcoin is changing, evolving, and the best example of it is the last bull run that surprised most line drawers who based their predictions on bitcoin's past performance. According to them we were supposed to go to 200k usd because that would be 10x the ATH, pretty much like in 2017. We all know how these predictions aged.

Inflation does not pressure BTC, it's actually great for it.
Your fiat money goes down in value very fast which means all other investments that inflate at a slower rate start looking much better.

It's actually what the governments and Wall Street do that makes Bitcoin trade lower. Traders don't care about bitcoin, they want to make money, so they borrow it, but now the government makes them pay extra fees. By increasing rates the governments put additional fee on people with loans, which makes them sell assets to cover this fee, or simply resign from their positions and use the money pay back their loans. This is what's happening with bitcoin. It's doing great, just that gamblers who play with borrowed money can no longer play. The big manipulators are defaulting.

Bukele is going all in on this and although I love bitcoin I'm not sure if it's a good idea. I like his dedication though and I think he will eventually come up on top. The problem is people can turn on him if he doesn't produce results in a few years. For the average Joe and Jane life is simple and the president has to make their life better, make them feel safe. They don't care if he does it through bitcoin, gold or even war (Russia can be an example here where people praise Putin for attacking Ukraine because they're so manipulated that it actually makes them feel strong as a country).
I'd really like to see him build his bitcoin city.

It doesn't change the fact that people sell this "expert" knowledge. Just look for people selling courses of how to invest in bitcoin or trade it. They tell you it's easy because this line goes there and this line goes there and there's a fib level over there. Then Musk decides it's time to dump it all and stop accepting it as payment or a shitcoin goes belly up and there goes your line.


You talk to us like we're some doubters who see some clown on TV and get rid of our bitcoins because he said so. I've seen so many of these clowns. Last week I saw an article about some guy who in 2021 claimed we'd reach 400k USD now changed his mind and is saying that bitcoin will crash to 8k. Some people are just morons who know shit and like to show the world how clueless they are.
There's this saying that my father likes and it translates more or less like this: do you know why the bell is loud? Because it's empty.

At that time it was a really low price to pay for what publicity this little purchase got. It showed people around the world that money is what you agree it is. That you don't need the government to tell you what you can use as a form of money and that not much work or effort is needed to be able to transact using bitcoin. I'm also sure he did not spend all his coins to do it, so it's not like he lost anything. He used it to do good.
We'll never know if Bitcoin would be where it is now without people like him who, like you said, made it happen.

He's such a clown. No wonder people don't want to bet on the stupid horse, but looks may be deceiving. He can get lucky here and then all those people who are betting 1k just to win $100 on Davis will cry.



Not only height but also reach. What more would you want? For him to be much younger?
Sure, the experience is on Davis' side, but I wouldn't put them on such difference. You can get $5 for each buck put on Romero if he wins. That's too much of a difference, I feel like he has a chance there. People probably saw high early bets on Davis and followed until the pot was full. Now you just can't make any money betting on Davis.

The global price tickers for bitcoin are imperfect because they depend on the data sent by exchanges and only by a handful of the biggest exchanges. Also, big exchanges react automatically through bots. You cannot expect an exchange in Japan to react to a big selloff in Europe that happens in 3 am of Japanese time, yet exchanges react pretty fast when you look at the tickers.
The imperfection of this system could be seen in 2014 when Chinese exchanges were faking volume and falsifying data they were sending out. It can be seen during flash crashes when there's not enough liquidity.


The invisible hand is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence.
https://www.investopedia.com/terms/i/invisiblehand.asp

The project was a scam in the first place, a ticking bomb. Those who attacked it saw its weakness and exploited it to make some money, but by exposing it they potentially stopped many people from investing in this shitcoin.
You could say that exploiting a weakness in the coin is a bad thing, but they also showed what the plan of the Tera team was and what kind of people they were. They used trust that people had in Bitcoin to pump their own shitcoin. They not only lied about the amount of money they were planning to buy bitcoin with and really bought much less than they were bragging about, but also lied that this will make their stable coin backed by bitcoin.

In the real world their bitcoin was just lying there on a privately owned account and they were hoping that the purchase would not only pump Luna and increase trust in UST, but also pump BTC and make their holdings worth more. They were ready to dump BTC on the market and they did just that, only at a loss because the players got outplayed this time.

I don't see a reason for any EU country to adopt bitcoin. They are all too scared to do it because this could potentially be seen as a weakness, an attempt to find other means of making money, a risky investment made by a country that desperately needs to make money. They will allow it to go on, but they won't officially adopt it.

Central banks see it only in black and white. Black - they adopt it and it and it fails costing them money and proving they were naive thinking it could help in any way. White - it becomes popular and undermines their fiat currency, weakening it and allowing people to use something the banks cannot control and make out of thin air. Both options suck for them.

This is a good point. If we assume that it's true and market becomes more mature with more inflows every time but lower volatility, why do you also think that over 80% drops will continue? These two assumptions contradict each other.
Also, the more mature the market the better for people who DCA because the spread is going to be smaller and so will the risk.

So, according to you, was the May and June 2021 a bear market? We had a low of 45k on May 12, 42k May 15, 30k May 18, 28k Jun 20 = gradual lower lows.

I don't agree with you, it's really hard to identify a bull or a bear market in cryptocurrencies. Most people identify it long after the fact.

If we are at these 80% bear market crash predictions, what are your thoughts about bull market highs? I agree that we had these ~80% pullbacks in 2014 and 2018, but those bull markets were also much different with over 1000% gains. This time, for the first time in history, the bull market (at least that's what people call it) ended with the smallest gains ever of around 350%, which is barely a third of what the previous bull markets were able to deliver.
I feel like we should compare highs and lows of the cycle instead of focusing on one side of the story.

Here's my subjective opinion after reading this drama thread:

OP got into some bumps along the way while he was working for wwzsocki. At first managed to produce a few original articles, but then it was much easier to mix it all up and get paid for a collage of ideas from other articles. He got caught and thought the cooperation could be coming to an end, so when he got paid more than he should, he took the opportunity and decided to bail. He removed all the conversations and left the telegram group, but was contacted and threatened on bitcointalk, so his last line of defense was to start a scam accusation first. He thought that if he later gets hit with negative trust, he will always be able to claim that it was in retaliation.
I've met more than enough snakes in my life to know how they operate

Last but not least, did you really considered this guy a good writer? That last text is full of basic mistakes. You can see it was written by a mediocre non-native writer. I'm saying this as someone who uses English as a second language. If you want it done well, find a native speaker.

I also don't follow golf much, but I know who he is and that is one of the best players ever. This doesn't say much about someone who had a long break though.
I follow sports like boxing, MMA and football and it often happens that a player comes out of retirement because they get offered a ton of money and just cannot refuse, but these matches are a hit or miss when it comes to betting. We don't really know what shape Woods is going to be. 

Say you actually DCA for some time, but don't want to do it in a bear market. How do you know where the bear market starts and where it ends? Take the last 12 months. The price went to 60k and down to 30k. Was that a bear market, a place where you should stop DCA? Actually no, although we were down 50%. Then we went up again and down to 40k. Was that the beginning of a bear market? Many traders argue that it was, but we were still higher than the lows of 2021, where buying was actually the right thing to do.

My opinion is that it's so hard to predict whether it's a bear or bull market with bitcoin that it's better to either DCA or wait for 50% drops to start buying and then either hold as long as you can or start slowly selling when you're up 50% and keep going the same exact way that you'd accumulate with the DCA method, just the other way round, selling 10% of your holdings every month until it crashes again.