I don't know how this is related to crypto because the loans they provide it seems were in fiat and with absurdly high interest rates to make the borrowers suffer but it has no connection with crypto I believe.

I am actually surprised they were able to get their money back from victims by abusing, defaming and harassing them as mentioned in the article because any grown men would just avoid any of these threats and ignore them. I mean these companies were running illegally so they can't force their client/borrowers into paying them legally.

Government accepts or not it doesn't matter because we are living in the age of internet where everyone can learn whatever they want and people are smart enough to recognize what government doesn't want them to learn. Also in some countries they have legalized the purchase of Bitcoins so maybe its about time that it gets accepted worldwide.

5k Euros for learning is too much to spend. I am someone who believes in spending on education and learning but spending 5k is just too much for a technology that is public and there are countless articles and explainer videos of how it works. By the way its unfortunate you were not able to learn, not fortunate.

I believe bears deserve to lose money, they are betting on people losing money and that is not really something we should be fine with, that should never be something we should be fine with. At the end of the day we are talking about people who would short, make bitcoin go down, thousands even millions of people lose money because their bitcoin now worths less, and they made profit from this suffering.

That is the same reason why GME stock was picked by wallstreetbets as well, sure gamestop is not a sustainable business and they will literally bankrupt eventually because let's face it with epic store and steam becoming this big, who needs gamestop to be honest, but you also can't just short it so that everyone would suffer and gamestop crashes because you wanted to profit from it, let them bankrupt normally, not because you wanted to profit. Hence, I hope this killed off many many many short positions.

That break out run is quite important for one reason, it shows that we can do it. In the crypto world it is really not that hard to go up or down, sometimes people decide that it should go up and collectively we buy so much that price goes up like crazy, we have reached from 10k to 40k in like 4 months or so, that is a record breaking pace for having 4x return, rarely you can see something like that in any investment ever so it showed how easy it was, we have also seen a lot of days when it can go down as well, more than 20% and it was easy.

That means there are prices we can go to very easily and there are prices we may have hard time, it showed us that 38k is nothing at all and it would require one rally and we will be there. Now that we are around the 35k marks it is easier for us to just take a look at the situation and go all in together so we can increase it 40k+ prices.

That is how you should be thinking as well if you are a good investor. Traders end up buying and selling constantly and that really hurts the chances of making money in crypto, but the reality is that if you end up with a crash, that means cheap bitcoins and you could buy more and more so that you could get richer in the future.

We are talking about something much bigger here, we are talking about 50k+ and even 100k happening, that means if I buy from 33k levels I am going to make a 3x return, however if I buy from 20k levels that means I am going to make 5x return and if by luck if bitcoin ever drops to 10k again (which I doubt will ever happen again) that means 10x returns. This is why people do not let bitcoin go down too much anymore, because when they see it go down they end up buying more and more which results with price going back up.

That is called DCA, if you get in small by small but consistently, you are going to have a good base of entry points, and do this daily for couple months period and you are going to have an excellent one as well. Bitcoin is something that goes up in the long term, sure it may go down time to time but it always goes up in the long term, but if you invest just 100 bucks, even if it does 10x increase (which is unlikely anytime soon) it is going to be 1000 dollars, that is a good amount of money but that is not life changing amount in the poorest of nations, it is a good amount but you are not going to suddenly retire and live forever with 1000 dollars in any nation in the world.

So that means if we are going to end up with something much better, we need to keep investing consistently, every day, every week, every month whenever we find some money, because if we invest and have 10k invested, it could be 100k and that could be life changing.

I wouldn’t say it’s out of reach. I don’t see where it’s written everyone must buy one Bitcoin. I have seen a few people who tell me that they can’t afford to buy Bitcoin, and when I ask them why I find out it’s because they have plans to buy 1 BTC, and since the price is now high they any afford to buy it anymore, so they give up hope, which is totally wrong.

The most important thing you have to do is not to buy one Bitcoin, but to buy Bitcoin at the right time. Let’s say that you have only $1000 and you bought Bitcoin when the price was at $4000 before it reached the new ATH of over $40,000, you will have over $10,000 now for free.

If you’re saying based on investing in Bitcoin and altcoins at the right time and waiting till another bull run, well you might be right. But, I also second the comments that sometimes fate decides for us, because I have seen people who wants to invest in Bitcoin but they don’t have that money, the little money they have will always be going for feeding, so they can’t invest in anything, and even when they try to invest it would end up being at the wrong time and since they can’t afford to lose much, they will have no other option than to sell it and use the money, Since it’s life first before anything else.

Same thing that is going on with the stock market craze is actually here as well. The problem is not that people are panic selling or people are believing the FUD, it is all about the short sellers trying to drop the price so that they could profit. Unfortunately sometimes they get what they want, price drops as little as they can and that makes them a lot of profit and after they got their profit they let it be and when they do not create chaos and just let it be whatever it wants, price goes back up obviously because everyone else wants bitcoin to go up.

This means we are talking about a situation where bitcoin will be going up if there was no people trying to force it down. This is why I still believe the upside will be great, we are going to see 40k+ again, all we need is to win the fight against the shorters of the market not leaving us alone.

Unfortunately there are too many people involved with their emotions, which is why we can't have a decent increase without interruption. Any time there is a correction due to a lot of people making a profit so they sell, there are people who are willing to eat up a chunk of loss and get out, and they sell right away with fear that they may lose even more if they do not sell.

Thankfully as a difference these days there are also people who are willing to buy when it goes down as well. For example if it was back in the day and we went down? People would keep on selling and selling and selling, there would be very little amount of buyers, but these days there are so many buyers who see the price go down and they think bitcoin is discounted and they buy right back, that is why there is no crash, there are small corrections and there are people who buy it back to increase it back.

I am sorry about the experience you have had in this community, you shouldn’t blame yourself for it and I don’t think you should blame anyone either. It has happened, and instead of looking for who to put the blame on, it’s best that you look for opportunities that you can use to escape poverty.

It is difficult for you, but you’re not the only one, there are also others that are going through the same issues. Just try to work hard and help yourself out. I wish you were able to hold those coins till this last ATH that reached $41,000.

Maybe people are just not ready for it yet. And moreover I don’t see the need for making use of these coins that are being created by banks, I don’t see why they should be creating cryptocurrencies, we already have the ones we want to make use of and that’s Bitcoin, Ethereum and so many of them, banks should focus on fiat and not try creating digital coins.

When banks talk about creating digital coins I just don’t see the need for them creating those coins that they are creating, just take a look at PBOC creating digital Yuan, it’s still the same Yuan, so what sense does it make? We can already use our banks apps to move money digitally, so forget it.

Yes, there is no proof that his tweets have surged the prices of the stocks upwards but we all know that it is true because the prices went up right after his tweets.

One thing I have learned from Elon Musk is that no matter how you treat your employees and what you do in your personal life but once you achieve success that becomes the biggest tool for fame. There are countless articles about how rough he treats the employees and juice out maximum potential from his employees but because he is successful no one really cares about his attitude and behavior towards his employees. I am not saying he is rude or wrong just learnt that success can overshadow almost any mistakes in past.

I think it also depends on what the money means to him. If he needs the money badly and cannot afford to face loss then I would strongly advice to sell before it drops and you feel depressed. If you can hold on for an year or two then one might be cashing their coins @500k and I am not even joking given the hike we saw this year.

Yes, maybe put a stop loss or sell order at a lower price in case the market crumbles overnight and you are unable to keep up with the drop. It is a serious problem for all investors when to sell and buy but people who have hold are more happy today and this means something .

Dogecoin got pumped recently and I never expected it to reach1 cent but it did and still is close to that value, although I haven't checked the price recently. Dogecoins are mostly used for faster transactions and at least that is how I used them earlier like for gambling and transferring coins faster but now that Tron and other coins are available which are even faster and even cheaper than dogecoin, I don't know what purpose dogecoin serves in the market anymore.

Yeah, indeed some nice mentions and some excellent discussion around coins which is something I thrive to read more from the community. I would love to add Tron to the list because it is one of the top coins right now in the market and hasn't seen much of a drop of rise so it feels kinda safe holding some.

Yeah but he might have been wanting to ask whether people are still keeping Bitcoins or more enthusiastic about upcoming tokens. I think while the bullrun is going on it is no-brainer that BTC is better to trade and hold but once the bull run has ended I am more lean towards the altcoins because the growth altcoin witness is huge.

The real question should be how much of our crypto wealth is in BTC and how much we hold in ALTS, I know not everyone can afford to invest big into crypto but what I am wondering is how much faith people have in BTC and how much they trust the other tokens in the market.

Personally, right now I am saving more bitcoins than tokens because the bull run is again going to continue anytime soon, it has paused sort of recently but I am adamant that another bullrun is near the corner.

This has been one of the reasons why bitcoin and all other coins has been criticized so far and I am sick and tired of it. Why would anyone consider this as a problem I will never understand. First of all we are not going to have 8 billion tokens and coins, not "everyone" will have their coins, we are never going to reach there for sure.

Secondly we are talking about nearly over half of all the tokens and coins not cared at all, sure you can "create" it but that doesn't mean that others will have to care about it, they could totally ignore you and that is what happens for over half of them. The other half have very very low number at the bottom, and nearly half of them are ignoreable small unimportant ones, only the top 100-200 are the ones that make any sense, rest of them are useless.

Plus even if everyone one day has a token or a coin, if there is a rate and a way to exchange it to yours, why would anyone care? All nations have their own currency and that is not good neither, it doesn't work, fiat is useless, so have your own useless token if you want and as long as you can get it accepted that is fine too.

Well, we technically did dropped under 30k, it wasn't really that bad and it was instantly went over 31k once again, which shows you that we are doing fine, not horrible and not good neither but doing fine. That type of recovery is what we need, that way we could potentially do a lot better in the future knowing that when the price goes down to a level, we buy and go up. Obviously that level was 32k dollars and we have gone under that and eventually went even under 30k as well but recovered from there.

This tells people that the "bottom" of this run could be getting lower and lower which is a scary thought. At the end of the day if we are talking about recovery and going back over 40k, I am sure that is going to happen eventually, but how low will we get before we reach to 40k? I do not know. We could reach to 40k+ now with a good bull run, or maybe go to 20k and reach to 40k a year later, anything is possible.

Destiny? Yes that is true, it’s usually about destiny, but I still think that decisions matters a lot; the moment we make the decision to be successful and we are consistent and persistent about it , we are surely going to win. Hard work and knowledge or smartness is very important for anyone that wants to be successful in life, we have to work hard but in a smart way, and also keep believing that things would work out, and as time goes on it would.

Let’s not limit ourselves to crypto only, there are also other ways, we have diversify it because still bitcoin claims like a testing product and investments should be only at affordable level. So, diversification must be a key even in this crypto space.

Yes, market movement realistically is always a high followed by a minor low or vice versa. If the market is only moving up and not coming down then it might be because someone is manipulating the prices which is never a good sight for the investors. Look at some of the altcoins how they are pumped and then a massive drop will happen, with Bitcoins the rise is followed by a small drop which is obviously correction and hence shows that the market is healthy and not being manipulated. Its not easy to manipulate such a big market anyways though.

People who are worried at 30k should remind themselves how they panicked when the price dropped to 3k last year and how it recovered. There is never a good feeling when the price drops but all you need to do is understand that corrections are as important and regular as bull and bear runs.