First of all XRP is not following BTC. It is a cryptocurrency so it should but it barely does because of the path Ripple Labs took with this coin. It advertised it as a backup plan for BTC failure.

They treated Bitcoin like decentralization was its weak point and introduced their centralized coin as the one that will be supported by governments because it has a company running it and that company has faces, can be sued and all that.

As you can see the idea was ok in the beginning but decentralization seems to be winning. It's not only because decentralization is so much better but because ripple labs is playing dirty flooding the market with their premined coins so that they can give themselves bonuses.

That whole month long pump of XRP was a bounce back because it's been in a downtrend for years.

If you held XRP since it was trading for 1USD or more and you did not sold when it went to 0.6 again you probably missed your last chance to get rid of this bag.

It really looked like a dying coin to me because it was high in 2017 but it barely moved up when bitcoin begun to recover in 2019. Even bitcoin breaking is ATH did not make XRP recover 50% of its bear market loss. This coin is going to need a miracle.

That's fine. If all people agreed with me conversations would be boring.

I said you were a troll because you were making a post after a post saying basically the same thing, that bitcoin is going to 0, or to 100 USD, that it's a bubble, a ponzi scheme and so on.
Not agreeing with people and trying to shove your argument down their throats aren't the same things

It's great that you changed your mind. Better late then never.

I hope you'll make some money.

And then one day you'd run out of money and they'd tax you for the house. You'd want to renovate the house, get gifts for your family on some occasion like birthday or wedding and you'd be out of money.

A smart thing to do would be to divide the investment. Buy an apartment and rent it out, buy a cheap car to be able to be mobile, invest the rest in stocks and bitcoin.

I'm ok with that, but aren't exchanges real companies?
I'm also ok with new companies entering the space, why shouln't I be, but this doesn't mean I'm to support every single one.
I don't like how PayPal's idea works for both fiat and cryptocurrencies that's why I've never used them for fiat and I'm not going to use them for bitcoin.


They aren't mainstream YET, but some are on the right track with millions of fiat curencies exchanged every day.


You're right but I'm going to buy as much time as possible and avoid companies that are going to spy on me for sure like Coinbase, Gemini, PayPal and similar. Some people here use  
For now I don't pay no capital gains if I hold for more than a year but I'm also doing my best not to get tagged because it's hard to explain how you got those bitcoins in the first place. If you have a lot of bitcoins that you haven't bought on exchange with KYC you're seen as either dark web trader, sex worker or some other money launderer.

Fine, I'm half your age and I don't know what I'd do if I were at my 60s, but I still wouldn't be ok with PayPal spying on me and not providing me with my private keys. Not saying that you shouldn't use them but many people won't because the same thing can be done cheaper, without KYC and with less fee somewhere else.

Many believe what they believe. I see people getting rid of worthless altcoins to get more BTC.

It really looks like some of that dumped XRP went towards the strongest coin on the market and gave it a nice boost. 25000 is going to show as our new ATH any minute now.


Marry Bullmas and a Happy Dead Bear

I don't know if you're aware of this thing as a beginner but red candles don't mean there's little buying going on. If there's 1 million USD in buys and 1 million and 10 dollars in sales in a given hour or a day depending on what you have your chart set to, the candle will be red. It won't matter that there's less than 0.1% difference in sales. The candle will be red anyway.

Also, every day coins are mined and put on the market and those new coins have to be bought for the market to stay green. So even if there's the same number of people selling as the number of people buying the price will be going down because new coins are tipping the scales.

Don't panic seeing some red candles. Bitcoin had 10% drops even in the biggest bull markets in its history.

Most cryptocurrency users can afford a hardware wallet. I'm not rich and I have one. If you participate in bounties or signature campaigns the cost of a wallet is covered by just a week of casual posting.

The golden rule is to spend at least 1% of your money to secure the rest. This means that if you're holding up to 1000 USD worth of cryptocurrencies you can use a software wallet like electrum. If you're holding 2-3 thousand you should consider buying a hardware wallet.

If only the process was made easy.

I mean there's normal KYC where they want you to send them a photo of your ID and there's a painfull drag you naked through the bushes kind of KYC where they want you to have a video conference with them where they record you or like with bittrex where they want you to participate in a mass photo shoot, send media bills in your name and such.

While all this is taking place you are not allowed to withdraw your own crypto and if you don't get approved, they'll steal your money.

You can see how fast it can dump. Some people made money on the recent pump but when it did pump I remember telling people that it's temporary and manipulated. I saw it as another opportunity for Ripple Labs to sell some of their premined coins.

XRP is centralized and is run by a company and this is its main weakness. When this company goes bankrupt you'll lose everything. You can see what happens when the company gets sued - the coin dumps. It's more like normal stock with the difference that this company doesn't produce anything. They make money of your belief in their product, that's it.

I've been walking around like normal, meeting friends, eating out. Even when they closed the restaurants because of covid I was supporting them and ordering takeaways.

During the last year I met with clients, friends, family. The probablility of one of those people being infected and passing it to me is pretty high yet I haven't even had a cold this year.

Until I see people around me getting sick and requiring medical help I'll keep being a skeptic when it comes to this epidemic.

Usually it's like this:

BTC pumps, strong altcoins follow.
BTC dumps, whole market dumps.

It's important to remember that not all altcoins pump when BTC pumps, but all altcoins dump when BTC dumps. That's why it's usually better to buy BTC if you have money to spend.

That's right. Your coins become mixed on exchange addresses in the way that some other anonymous person will not know who you are but the authorities will.

Say you have a number of incomes like a bitcoin forum campaign, altcoin bounty campaigns, gambling. You don't want other parties to know that you're gambling, selling nudes for bitcoin, bounty hunting, so you move all that money through a number of addresses on the same exchange under one account.

That won't help you when it comes to taxes though, while a mixer will.

You lose only when you sell

For me any target at this point is great. We could stay just above 20 thousand or go to 30, I'll be happy anyway. I feel like we could be having a small pullback maybe to 10 thousand or so before we go above 25000 but whatever happens I'm sure we'll move towards 30 in 2021.

I want it to go mainstream and I want to buy it, but why should I use paypal to do it when there are easier, faster, cheaper ways?

I don't have a paypal account. I don't have a USD bank account. I don't live in the US. I know that PayPal's fees are ridiculous when it comes to foreign currency transfers and such.

I don't trust PayPal, I don't want my name to go to some tax agency with a label "owns bitcoins".

I value my privacy, therefore I will not be buying through paypal, which doesn't mean I will not be buying at all.

Usually p2p Transactions are more expensive than those on centralized exchanges. Traders have to take into account that before they can transact with the money they got from a trader the price will change.

It's acceptable for both parties because you're paying premium for more safety and more anonymity. Your coins cannot be held ransom because you haven't done KYC or something.

The virus doesn't do well against people with strong immune systems who don't catch cold or flu.

There's no point in trying to make people covid-free because in crowded cities they will get it anyway sooner or later. It's more important to educate people and make them stay healthy and strong.

Catching covid is easy but if you don't have any other health problems you will go through it without even knowing.

Coinbase along with some other exchanges like bittrex and poloniex did block people from withdrawing. Poloniex later unblocked the accounts but it took them like a year to do so.
Bittrex is probably the worst. If you did not provide required KYC they would not allow you to withdraw any funds deposited before the KYC became mandatory.

Holding coins there or even depositing may lead to your account being blocked and you having to wrestle with support.

Altcoins can be divided into 2 groups: those who follow bitcoin pumps and those who have their own pumps but usually follow the trend of the whole market.

The first group is like BCH, LTC, ETH... They follow bitcoin and usually do it pretty fast but with a reserve, so when Bitcoin pumps 10% they may go up 5%.
The second group pumps and dumps independently. Those are usually small and not very popular altcoins or tokens built on Ether, but even those coins dump when the market as a whole dumps, like when we had that US lockdown in Spring.

While your first sentence is true the second one is not.

Wind solar and so on are not free energy sources and it's the same with that mountain, even if it really emits energy. You need to spend a lot of money to harness that "free" energy and it makes it no longer free.

If you could build a solar or wind generator that would work by itself for decades it would be great but even that can't be done. You always have to pay for land on which you'll build it, materials to make it, spare parts to keep it going...