He hates bitcoin like all really rich, old boomer, bank & legacy finance guys do. People don’t like what they don’t understand. Let’s be honest, who cares what he thinks any way, he probably won’t be alive to see the next two halvings.

Warren Buffett has got extremely wealthy by doing things that he’s very good at, investing in stocks. He doesn’t need to learn about & master bitcoin, why would he. All old people hate new tech, it scares them & tgey don’t like learning new things.

Bitcoin is going mainstream & tgere’s nothing people like him can do about it.

It’s impossible to time the bottom, it’s tough to even call the bottom 10% to 15% above range. There is never a bad time to buy bitcoin as long as you can be patient & hold for a number of years. The best time to buy bitcoin was before 2013 but you could do a hell of a lot worse than buying now.

The bottom of this cycle probably was 15k but don’t sit in cash waiting for lower. Just buy now or DCA in.
The halving is in one year so buying now is a really good idea because much higher prices are very likely in the next 2 years.

Good advice here.

Never limit your options by committing & going all in on one option. Get the guaranteed job, steady income & work on, buy & save bitcoin in your spare time. You can definitely make time for both, the forum isn't important but you can definitely make time to study bitcoin & buy some when you are not working hard in your regular job.

I’ve never lost any bitcoin but I have spent some whilst the price was very low in 2015 & 2016. Luckily I didn’t sell most of my stash but I did sell some very low to buy dumb stuff back in the day. I think it is character building though, early adopters have all made some silly mistakes earlier on but it makes you appreciate the bitcoin that you do have more.

It was an unprecedented time in our lives, it’ll probably never happen again, certainly not this century. Our grandchildren probably won’t even believe what happened, the restrictions we were put under etc.

It doesn’t surprise me that people are struggling with their mental health after what we went through. Lots of people were alone & not able to meet with family & friends. Hopefully they get help from a professional if required.

I hope we never have to go through anything like that again.

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

I don’t think anybody plans to stay poor, it’s just that being rich is not an option for most people & almost impossible for some. There are exceptions to the rule sure but most people simply do not have a way to be rich.
Luckily for those of us here on this forum we are at least aware of cryptocurrency & the massive positives it can bring us. Cryptocurrencies are a great way for the average guy of little means to make money.

Bitcoin is a much better investment than good for many reasons. I would be very careful selling your wife’s jewellery though. If she loves them for sentimental reasons then you better be damn sure that you are going to make good profit in quick time.

If she is willing to give you at least 10 years to sit on your bitcoin & do nothing then it’s as close to a guarantee as you can get that you will turn her jewellery money into major profits.

I saw what he did & it’s quite disloyal & a bit sneaky but I understand his motives. This isn’t the first & won’t be the last time a rich dude does something like this to protect his wealth. What happens if his Mother is disloyal though & gets a taste of the big money which leads to her screwing him over? Once it’s in writing it’s her momey even though clearly, it’s not.

There is a reason prenuptial agreements exist, I find it all really sad though. The world would he a better place if everybody was more honest 

I got excited when I saw the thread title, I check the bitcoin price a lot & was sure I hadn’t seen the price go above 40k. I thought maybe it was a wick on a 5 minute candle that retraced as quick as it appeared & I had missed it. Dumb me for falling for it though.

The good thing is that we will 100% see bitcoin at 40k & it could be this year, hey it could even be this quarter. Bitcoin is the apex predator swallowing up investors money.

I’m not too bothered about Elon Musk accepting bitcoin with TESLA, that’s kind of irrelevant now.

There’s nothing wrong with renting, it’s harder than ever to get on the property ladder. I’m in my 20’s & it’s hard to get together the big down payment to start with. Mortgage financing is harder than ever. Sure renting is paying somebody else’s bills but what option do we have in the current climate.

I am currently saving hard to get the down payment to buy my first home. I will get there eventually but it is really tough. Hopefully my crypto investments can help me in the next cycle, I feel like I am well positioned there.

You’re going to need a lot & I mean, a lot of luck to turn $40,000 into $1,000,000,000 as you said. It’s unrealistic to say the least. Rather than try & shill you obscure alts which will probably get you rekt I would rather tell you to be sensible & buy bitcoin & eth. I know it’s boring, not what you want to hear but that’s the best option in my opinion.

If you really have to play shitcoin roulette then I would try to look for low total supply coins. Don’t get sucked into buying coins with a total supply of over 1 billion or something stupid.

There is no doubt that the price of most coins & tokens will pump from 2024 to 2025 but it’s difficult to say what will happen for the rest of 2023. There is the lingering fear of a recession coming this year so at any point, if the US was to announce a recession the bullish momentum would end & price would probably dump.

It’s just so difficult to say, I would advise to buy & hold. Don’t try & leverage trade, it’s too difficult to call which way the market could move at the moment.

The reason why people in power in the US & central banks are moderately hostile to bitcoin is because they don’t want people moving money out of the $ into bitcoin. I guess the higher the bitcoin price goes the more likely it is that people move into bitcoin en masse. That would be a bank run of sorts & the economy is in enough of a mess without that.

Personally I think bitcoin will best down any regulatory resistance & pressure from people in power to suppress it. Bitcoin is unstoppable, it’s like a ball being held under water, when it’s let go you know what happens.

I think undoubtedly that there will be people holding their crypto until the bull run & beyond that, into many future bull runs. There are lots of people who think long term. People who think short term & want quick profits are usually the types who end up REKT. Patience is so important in any investment vehicle.

1 bitcoin is not going to make you rich, not for at least 10 years & that’s if you live in a less developed country. I think we can see $1,000,000 per bitcoin in the next 20 years but that’s not rich these days is it. My advice is just to keep buying sats, keep going until you are old. If you are only just getting into bitcoin now, you won’t get rich quick. You can make life changing money but it’s going to take a decade or two to be rich if you can HODL that long.

Yes because everything else is controlled by a very small amount of extremely rich people. Decentralisation is tge only thing that creates an honest market, you can’t get rugged by some shady dev or group. Bitcoin is the only investment I totally trust, everything else is just a short term fix to try & get more fiat.

It’s nothing to do with Dogecoin, which by the way, is a total shitcoin being pumped & dumped by Elon for his own fun & probably financial gain.

The financial world is a mess, inflation is killing peoples savings so they flock to better investments than fiat banking products, eg bitcoin. The halving is coming & people in the know are aware of what happens to the proce after the halving.

I don’t think we’ll see a new all time high in 2023 but 40k is possible.

Best thing to do is show them a chart detailing the loss in purchasing power of the $ over time. Show them how much money the FED print out of thin air when the economy is in trouble. Then show them the bitcoin whitepaper, tell them nobody can print more bitcoin than 21,000,000 ever.

I’d show them a bitcoin price chart since 2009 & educate them on the block reward halvings every 4 years, tell them about scarcity, demand & pretty much just over time NGU (number go up).

If that’s not enough for them then let me quote the man himself -


“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Satoshi Nakamoto