What are the odds of that happening? Don't you think that a cryptocurrency that has already earned its name and position in the market would be a better choice when making such a decision? Even if you decide to invest in a new coin or token, at least don't put all your eggs in one basket because if the token or coin fails and doesn't fulfil your expectations, all you can do then is regret your decision which is to no avail.

So, when you are investing in altcoins, you should always diversify the amount you are going to invest so that if some of the coins you've invested in fail to provide you with good returns, the others that work will have it covered and you will still do good and won't lose any money for the investments that failed.

It's not just about Bitcoin, but all sorts of things that have great value should be kept private and one shouldn't keep telling every other person that they own a certain thing that is extremely valuable because you never know who is trustworthy and sincere with you and who isn't because we live in a world where money is everything since wealth brings power and power is what everyone wants in the world today.

That's why, any person, poor or rich, should be careful about what they are saying when they are in public or even when they are surrounded by people that may know them. You can't even trust your family members apart from your mother which is probably the most sincere and honest relation one can have.

He did invest in an opportune moment, that does make it better for him. He does buy bitcoin a lot and considering 500 euro every month, I think it's cool that his 500 euro a month buys different amounts of bitcoin all the time when the price falls, and his fiat stack does increase anyway. He started at the bear market of 2018, which means he bought cheap, and then when bull run of 2021 happened he got super rich, and even though it did fall, it never went that low, so it looks like he is going to make even more soon enough.

This is the method I use, similar method, but the difference is that I had to cash out multiple times since he started for personal reasons, thankfully I have just 2k debt now, could have been 20k debt if I didn't invest into bitcoin.

As long as it is not us that happened this to, we could see this as a lesson without hurting. I know that it must be horrible for him personally, but he also becomes a cautionary tale for all the people out there who wants to sell their coins. Thanks to his misery, there are now probably a lot more people who would not do such a thing. This type of mistakes makes other people do not make the same mistakes. And at times, some people who never hear this, ends up doing it again, and that makes even more people hear about it.

This has happened to so many people now, and all of them were sad, but all of them made less people make the same mistake. I do not enjoy people losing money like this, but at least I can check out the bright side of it.

Inflation exists in many nations, if you look at the inflation rates in nations, Venezeula, Zimbabwe, Sudan, Argentina and Turkey has some of the highest, Nigeria is not in that list. It is of course important for those people to earn in dollars, to have a stable income. If you make the fiat of those nations your money will be gone for good, and that is not really something you could expect at all. However, if you end up with something that would be smaller, then you are going to end up with a good return.

Hopefully, we could see it change one way or another, and with that we could consider making some USDT income at crypto, and that will definitely allow these people to get a good return one way or another thanks to bitcoin.

The problem is that when technology gets better, we do not get easier jobs, we do not live better life neither, we get unemployed. This isn't some dreamland where we improve the world so that people could do whatever they want, we do not have universal basic income, we have robots and AI taking over our jobs and technology makes us not earn as much as we could. Who earns? The boss that bought the robot instead of you earns, the robot makes more product and you just pay it once that's it. Whereas when we are talking about a human, you need to pay it all the time and they may not earn that much for you.

This is why it's clear that we need to realize this isn't some great situation for any of us. We need to figure out a way to benefit everyone from these improvements.

I feel like it is not accumulated wealth, but more about income. You can take the money from the richest %1 and distribute it to everyone equally, doesn't make anyone rich anyway, still is a very low number in the end, and only once so if you misspend it once you are done. You can literally get 50 trillion dollars, and spread it to everyone, and it would be gone in a year at most.

However, if you get proper income taxes, and I do not mean like "oh Nike pays no taxes because they have a Shell company" type of stuff, I mean like actually get the taxes from them, make the law in a way that whatever amount of revenue they made, they are still getting taxed on that, not their "profit" anymore. Find a way, when you do that, money will keep coming it forever.

With all of that in mind, I still do not think that zero is possible. Just the value of having bitcoin is worth more than that. I understand that there are plenty of stuff that can ruin the current situation and that is why we think that there is a possibility that this may not happen, but at the same time I also believe that we are going to most probably end up with a return that will benefit us all.

Just because there are possible bad things, doesn't change the fact that zero is way too low, if the question was to go under 20k again, I would say maybe, but the price going under 1 dollars? Like literally be zero? I do not think that will ever be possible. We are going to do fine, and not going to get to zero ever.

That is something that many people need to realize but they are expecting it too soon. I think we will break the ATH at the end of this year, and be higher in 2025 as well. But they are expecting so high that, if you asked the public right now, they would say we may break it around halving and then be 100k by the end of the year. I think that can't be done and needs to change.

I think the clear choice right now would be making sure that we are dealing with a good profit one way or another and for that to mean something, we need to just keep on holding. Don't expect it to get that well, it is not going to get that well, it won't go up that quickly. Those prices will be reached, it is just not going to be as quickly as some people think.

I mean most of the old investors got lucky by investing very early on, that's the difference. We should not really consider any changes anywhere about anything. I get that it may feel a little different for now, but the reality is that we are not going to really see much changes here or anywhere. The problem is that when you are late, you should just do it long term.

Yes, you can't buy bitcoin and make hundred times more money, but you could keep on investing for as long as you can, and make that money eventually. This should be the most important part and we could make a good return with that. Hopefully, that should not be an issue all that much, just let them do whatever they need to do and do a long term accumulating investment.

It is basically how they condition your brain with marketing, and that's why they all think of it that way. I get that it may not be all that easy for some people but at the same time we are talking about millions even maybe over a billion people getting that marketing. When they do it that way, it becomes normal.

Like for example a diamond ring wasn't a proposal thing 100 years ago, then slowly the marketing became so important for it that the diamond stuff that you buy to your wife became the symbol of how much you love her. That is all marketing, diamond doesn't worth that much at all, it's cheap to made and worthless resource, but they made marketing so much that they can sell it for whatever they want now.

Let's get realistic here. If it was a serious project and if they had the aim to release the token and list it in exchanges, they would have done it a long ago because 4 years is a very long time. A project can start and have all its developments done in 4 years, and this project hasn't been able to verify all its customers so far which is laughable, to be honest.

So what I think is that they are just fooling their customers and the token is never going to list anywhere and they won't allow all their customers to have their tokens migrated to the mainnet because they know people would barely trade the token if everyone has free ones and there will only be dumping and no one will be ready to buy them.

I agree with what you say, most altcoins are not reliable when it comes to long-term investments because they are highly volatile and unpredictable with their prices and movements. You invest in an altcoin today thinking it will give you good returns, and you find out that the coin has rug pulled or the project went bankrupt, etc. I say this because we have seen such things happening in the past and people have lost millions of dollars in such incidents.

So, when someone asks me about which altcoins are the best for the next couple of years, I tell them that I don't recommend any, I may name ETH as it's one of the oldest and most trusted cryptocurrencies, but apart from that, there is none that I believe will stay around for that long even if there are, it's still risky.

You are right, people should try to avoid trying out new projects, it really doesn't end up with all that good result in the end and makes no sense to me at all. I understand that people will not be really all that smart when it comes to investing into new projects, so the best way to go about that would be avoiding them if they can. If they could do that then they would do a lot better and people need to focus on the stronger ones.

The best way to go right now would be just making sure that you are handling it well enough and that would result with you doing fine. I hope that people do not just put small amounts in dozens of projects just to make sure that one of them will do fine, because they could all literally crash to zero.

We could definitely take profit when we feel like we have profited enough or we think that the peak is near and we are going to crash. Too many people end up thinking that they are going to end up with a trouble and we should probably avoid that as much as we possibly could, there is really nothing else we could do about it. I hope that the best thing we could do right now about this market situation is to just focus on when to get out, and if we could find a way to do that then we are going to be fine.

Hopefully, life will be a lot quicker and we get to that bull run period, because waiting also makes some people need money eventually, the longer you wait the more chance there could be something in your life that requires money.

That's your decision to take, any individual who has invested in the market knows what their initial target has been and what they have always wanted to achieve with their investment, and based on that, they can decide whether they need to take profit at the current price or wait for it to go up further. Even if it goes down from this point, we should be expecting a higher price because we are still anticipating the long-awaited bull run.

Different people will have different thoughts about this thing I would say. Some might think that they should take profit and buy again if the market goes down again, and some might think that the market wouldn't go down anymore and they might miss on higher profits if they sell now.

Well, nothing is impossible because we have seen the impossible happening in this industry. However, one should always have realistic expectations, expectations that have a higher chance of becoming true, and your predictions, in my opinion, are good for the next cycle because it will be enough even if Bitcoin hits $100k, that should be enough for this cycle and we can happily wait for the next cycle so that this new all-time high record is broken.

The best time for accumulation was when Bitcoin was around $30k, altcoins were on great discounts back then but people were too confused about whether they should buy or not, and then the market started going up and people started accumulating at a higher price, the same is the situation for now.

It depends on several factors, like where you live, what kind of life you want for yourself and your family in the future, and price hikes, inflation, and other important factors of the future because things won't have the same value forever and we all know that as we enter the future, our money will not have the same value anymore if they are stored in fiat currencies since they lose value if not value, they probably will lose purchasing power over time.

So, for some, $1M might be a lot, more than enough, to live a simple and good life, but for some, it might not be enough, especially if one wants to live a luxurious life with all the amenities and everything because you can't have everything in your life with just $1M, no matter where in the world you live.

Basically the idea was a trader should know these terms or something like that I assume? I mean that's what it looks like, there are some cliche stuff, and they are quite boring to anyone who has been around for a long time but I would say maybe he did it for the noobs with some good intention I can't really know. In the end, we have seen a lot of people who has posted a lot of stuff all around, so it is not like it would be impossible for me to have something shocking, it is just how the world is and how we should approach it as much as we could, there is really no other way around it.

I understand that we are not going to see people profiting everywhere, but at least reading this would make them take one small step, not really bad idea, cliche but not wrong.

Not at all!
First of all, a casino would never freeze a user's account just because they find out that the user is gambling irresponsibly. They wouldn't even notice as long as the user is constantly losing because the money is theirs to keep in that case, they would only freeze an account if the user constantly wins which makes them act quickly so that the user can't win more.

Even if they do it, just in case, a gambler can always go to a different platform and start gambling there, as you said. All they would need is to create an account which is extremely easy in cryptocurrency casinos, and then they can make a deposit and start gambling immediately without any restrictions or anything.