i think this post would have been best suitable to politics and society or economics board than bitcoin discussion.
First I heard of this news & I do agree that perhaps the thread should be moved to a more suitable thread. Regardless though, very sad news & I hope his family will be OK. This kind of news is not good & I hope the perpetrator is caught & hit with the full force of the law. |
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Nobody who held bitcoin for over 5 years ever lost money on bitcoin. You shouldn’t invest money & expect to be really high in profit short term. Bitcoin works in 4 year cycles, even better if you can buy & not worry about price for 10+ years.
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I used to play it all the time with my brother when we were younger. It’s one of the most iconic games of the last 10 years. Playing online is the best against RL players. I love talking smack to people when I kill them, I used to always be a pussy & hide away using a sniper rifle. Good times.
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I know what the OP is saying but the bottom probably is not in. Obviously now is still a good time to buy but I still think we go lower. The macro global financial situation is really bad, bitcoin usually follows the bad news with down movements. If a recession is announced by major country govs we will dump.
DCA but hold some cash for likely big down moves.
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Think about those people who use Alexa & Apple Home products. They’re even worse than Google, I don’t know why people use these type of things, it’s so bad for their privacy.
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It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:
1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold
I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.
I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
Don’t be too hard on yourself about selling. Any kind of profit is great & you should be happy that you made a really good one. You are never to know if a coin has reached its peak so any handsome profit is something to be happy about. |
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The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.
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BSV is a massive, failed shitcoin with no future. Monero is a great concept but it can’t take off because big exchanges aren’t allowed to list it due to pressure from governments. It can’t grow because it won’t be allowed to.
Craig Wright is a compulsive liar, he’ll probably end up broke & kill himself.
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I don’t know who is the best leader of the UK but I can tell you 100% who is not the best leader & that is the man in charge right now, Boris Johnson. The guy has been an unmitigated disaster since day one.
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If SHIB even exists in 2050 then it could be worth $5 for sure. The question you need to ask yourself though is that with current inflation & global financial situation is what will $5 be worth in nearly 30 years.
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Obviously, that’s just my opinion but I think BTC is a fairly safe bet of getting back to at least 60k by 2023.
Definitely by the end of 2024 (halving year). I’m not sure about 2023 being a bullish year though, I think it’ll be downwards trending for the next 12-18 months, then slow sideways grind with a slight incline as we head towards the halving. Moon 2024 & 2025 (based on previous cycles). |
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There will be a bitcoin spot etf approval this decade but that’s all I can confidently commit to. The SEC seem determined to keep rejecting every application so why is this one any different. I think possibly big banks & or government are filling their bags & or suppressing the price with every ounce of their being. The economy is screwed at the moment, the last thing the government wants is the little people controlling their own money & flowing out of the failing USD.
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Bitcoin will fight inflation to an extent. If you buy bitcoin now & check the price in 20 years your likely profit will be far bigger than the inflation that will take place over that time. Because of COVID & the war in Ukraine the world economy is on its ass, inflation is around 10% but that won’t continue. Once everything settles annual inflation will revert to normal like 4% per annum, maybe 3%.
Money in bitcoin long term will beat inflation.
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I invested in ethereum when it was $700 in 2020 and in 2021 when it was $4000 I sold it. I just bought again now that the value has reduced. I still trust that it will increase rapidly soon.
Sounds like you know how to play the game dude. Too many people do the total opposite & sell on the way down, buy on the way up. ETH is definitely still a good investment & now is a good time to buy again. You might even get a chance to buy under $1,000 before the next bull run starts. |
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There are multiple huge mining farms so no, they are most likely not acting in unison as ‘the biggest whale’. If they were all dumping coins at the same time in agreement to affect the price you could say it but no. Mining farms have to make money to stay solvent so they are just doing what they have to do to survive.
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Before I took life changing money out it used to dictate my life. Now I don’t really care, I buy cheap coin when it goes down & I cheer when we’re in a bull run. I do not miss the days when a 25% dip made me worry about my future. Don’t get me wrong, i have more than enough bitcoin but I will never worry about a crash affecting my future again.
Now is time to buy, everybody else's pain is your opportunity.
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Binance
Kraken
Coinbase Pro
They’re the three most reputable ones in Western countries. They all have a long history of being trusted. Obviously don’t leave any substantial amount of crypto on an exchange for any long period of time though, that’s just asking for trouble. Make sure you self custody.
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