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Bitcoin at 2x its all-time high is roughly around 2.5 trillion USD. Sounds pretty reasonable in my opinion, but reaching that point ain’t going to be easy. I still expect us to be receiving regulators attacks left and right that would hinder that growth; so while it’s definitely very possible, it might take longer than usual.
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Take a look at bitcoin’s price history. Seeing the historical charts should give you a good idea on what to expect. As for wallets and exchanges, you have a lot to learn. https://cryptosec.info/wallets |
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As far as I am informed, not even the Bitcoin Core developers can retrieve Bitcoins to CW, for obvious reasons concerning the private keys. Correct me if I am wrong, but the only way it can happen it would be through a hard fork? Since it would not make sense developers had the arbitrary power to "move" coins which do not belong to them. As someone already mentioned, the community would never accept a fork which would only benefit this unsavory character.  Not 100% sure, but I think a hard fork would be required as well. Not that CSW would know the difference though, as what he wants to happen is totally irrational and impossible to achieve to begin with. If he actually ends up getting the devs to push such an update, people wouldn't run the core update and it would just end up being another Bitcoin fork. |
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While your theory sounds reasonable, I am afraid we should not underestimate the way these kind of grifters continue their antics even after declaring themselves to be bankrupted. We are talking about irrational individuals, after all.
Assuming he ran out of money, he could still try to fool ill-informed people in order to raise more funds so can continue to fuel his life long crusade to nowhere. I am sure you have already read or heard about people who had done so.
That's definitely possible, but as time goes that he gets no good results at all, his reputation(assuming there's much left) will surely go down hence the number of potential supporters go down as well. |
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In short, I could sum up your post into this:
1. Investor - you will make money
2. Trader - you will make money, just note that you'll also lose some, especially in the short term.
Just to be more specific: 1. Investor - there are higher chances that you will make money in the end if you don't mess things up 2. Trader - there's a chance that you will make money in the future, but chances are slim |
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Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
I mean if there isn't any other cryptocurrency alternative then obviously people would be flocking to bitcoin instead of trying to risk higher gains through alts. This shouldn't even be debatable in the slightest. But alas, scam coins appearing left and right is a guaranteed thing to happen due to the open-source nature of bitcoin and 99% of cryptocurrencies. |
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Pick your path.
1. Investor: you simply just hold bitcoin. or if you want to outperform the entire market, pick the right altcoins to buy — though 95% of people will fail at this part and just lose tremendous amounts of money in the end. If you want the best risk/reward bet, just dollar-cost average bitcoin. This will only potentially boost your savings though; it won't necessarily make you rich.
2. Trader: This path could be great for you in the long term, but prepare to lose a crap ton of money in the short to mid term.
To be honest though, you and most people are just better off getting a job and climb the ranks, or start a business. Speculating with crypto is simply not for everyone.
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How many Ls is this guy going to have to take before he finally goes away?
Until him and probably his company goes bankrupt. They invested way too much time and money into this fraudulence that they've pretty much wasted their time and money if they're going to pull out and quit now. Perfect definition of sunk-cost fallacy. |
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Pretty hard to give advice without knowing the specifics. But in general, there's nothing wrong with leaving a job that pays a good amount for a job that pays less but you're far more happy in, as long as your finances won't take a hit due to the salary decrease. While one might pay more, you need to watch out for your happiness and your mental health as well.
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I love how it looks like a typical scientific calculator or an old phone at first glance. Great for digital nomads who switch from country to country as it's more less likely for authorities to ask you questions about your stuff with a hardware wallet with such look. Same reason why I loved the old Ledger Nano S as it looks like a typical USB flash drive!
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YES I WANT TO CONVINCE MY FRIENDS NOT TO GET SCAMMED
WHAT ABOUT THAT IS WRONG?
Definitely nothing wrong with that. It's just that your friends are probably adults, and are responsible for their decisions. Props to you for making attempts for talking them out of a potentially bad trade/investment. But then again — their money, their decisions. |
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Right your point is still completely missing the point, which is that I did not ask and DO NOT CARE if you think I SHOULD or SHOULD NOT voice my opinion to my friends. I will do so. The question is HOW? If you cannot answer that then just shutup.
Frankly, I already answered your question. Just politely tell them why you think what they're doing is a bad idea, and if they don't listen, then let them be.
From what I've observed with your posts though, it's not necessarily that you want to voice your opinion — because there's definitely nothing wrong with that, and it looks like you've already tried talking your friend out of holding alts. It's just that you want to convince your friend to change his/her mind. |
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Alt-coins historically get MEGA outperformed by Bitcoin, I have dealt with TONS of alt-coins and so far it caused me to miss out on roughly 2k worth of value I would have achieved if I would have just held bitcoin. There is no worth to fragmenting people into these pieces of shit. You clearly just skipped all of the details I listed about WHY it's important.
I never said that altcoins were the right play for everyone(or that your friend made the right decision for holding alts), because I also think that just holding BTC is the better option in a r/r basis for 95% of people. My point was just that it's not up to you what your friend wants to buy, even if you extremely disagree with his/her opinions. |
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Since we are talking about Staking, wouldn't this be bad news to Ethereum and other Altcoins rather than being a problem to Bitcoin.
It should be, knowing that Bitcoin is PoW; but negative news concerning regulations negatively affects prices for the entire industry overall. Regulations will almost always scare the crap out of retail "investors". |
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You don't even need to try so hard. Just politely tell them why you think what they're doing is a bad idea, and if they don't listen, then let them be. It's their money not yours. You don't necessarily need to force your opinions down their throats.
If they ended up being wrong, then good because they learned a valuable lesson. The last thing you'd want is them actually picking the right altcoins (though unlikely) that would've performed really well but they missed out just because you forced them to go with BTC.
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19k is just approximately a 15% drop from here. Of course it's very possible. The question is, will it? No one knows.
Quite funny how people don't usually question pumps though, then quickly look for reasons when bitcoin drops.
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I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.
Do you really think it's that impossible knowing that Bitcoin's reach is global, while the US Dollar is only for a single (albeit huge and powerful) country? Bitcoin can easily beat the USD in terms of marketcap in the long term. |
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Doesn't promoting Bitcoin through a church sound wrong to you lol? Knowing the fact that people can lose their life savings if they went in without knowing what they're doing.
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