Bezos is not my role model but I cannot deny that I'd like to have as much money as him.

What can we little poor people do about them making money? Stop buying on Amazon?

It's the old saying that while the rich are getting richer the poor are getting poorer. Our parents knew it's how the world is and so do we. Democracy doesn't work when you can buy votes and sway the outcome in your favor.

This is a very good point. Who says that Satoshi's original vision was the best and should be followed at all cost?

If what people need isn't a payment system but a store of value in the form of digital gold it should be what really matters.

Anarchy isn't the best system. It's destructive just like communism. If anarchy ever dominates the crypto space it's not going to leasd it anywhere.

I can tell you what I used to do and it kept me safe for years.

I had a full node wallet downloaded on a clean computer that I never used to download and install anything but verified software. Then I created an address and did not even open the app ever again. I used the address to store coins but only a blockchain explorer to check the balance. The plan was to never use it until I'm ready to sell my coins.

If you're a holder you won't need anything fancy like a hardware wallet. Nobody is going to steal your coins if your computer and network are free of malware and accessed only by you.

People don't know why they choose certain tokens because usually they're lazy and don't do any research. They buy coins and tokens because some youtubers recommend it or a friend bought the same coins or because there's a well known person or company promoting them.

I know my coins will grow in value because we are at the very beginning of a big bull market that will most likely last for another year or two. Every smart investor should have a bit of crypto in his portfolio and people are slowly waking up and learning it.

1. I expect 400-500% jump so something between 80 and 100 thousand USD as the top.

People who say the top will be 30 or 50 thousand are trying to sell in the middle of the bull market like so many people did in the previous cycles. When we broke 1000 USD for the second time we went to 3000 and stayed in the vicinity for months while people who underestimated the run were selling. Then we went straight up to 20 thousand.

2. Gradual selling. Maybe 10% every big level after 20 so 10% at 30 and 10% at 40 thousand and so on. After reaching 100 thousand I'd be still holding 20% to see where it gets and I'd keep about 50% of my profits ready to buy the dip.

That's great. I'm not trying to find reasons for your post nor am I judging you.

All that I'm saying is we really don't need PoS because it's in no way superior to PoW. PoS is just a way to shut up people who say crypto is bad for the environment.
ADA was designed with PoS in mind so it's not the greatest coin to compare. ETH is better because it will change it's reward distribution years after its creation.

It's only a correction after a big level was breached.

I wasn't expecting anything else from people who were selling each time it approached 12 thousand. These are traders making money but the level wasn't breached by those who constantly buy at 11 thousand and sell at 12. It was a natural gain because some new people came to the market and decreased the available supply.
There was a thread where they were showing that we have very little coins available for sale. It's a great indicator of high demand.

They are doing the typical publicity stunt to make money. Things that are googled often give you a lot of unwilling hits and entries. For this reason people were trying to cash in on sexcoin, bit/bitcoin something, trumpcoin and now coronacoin.

This team of scammers is burned. Let's hope they're never able to launch a project again.

Of course it's possible. The only requirements are knowledge and big enough stack of money to begin with.

This is all statistics but good investments can easily give you 10% each time you make a successful trade so even if you catch one pump like that per month you're going to do pretty good.

The more money you have the better of course and this means that if you need to earn 1000 usd a month to make a living you'll be trading around 10 thousand or more. If you're able to trade more it's going to be easier for you. If you have less you'll have to make better trades.

I have no respect for McAfee since he spew hate on Bitcoin and said that all the positive stuff he said about it was there to pump the price. He's a liar and will not uphold any promise.


What do you expect from someone who is drunk or on drugs most of the time?

If your answer to this is praying and hoping that it will go to the moon you're not doing it right.

I'd really be scared of my money if all that I had left in my investment was hopes and prays

The last ATH was so long ago that 2017 price action will not help you reach the verdict. It will go up in its own time.

Asking for KYC also isn't fair. What some exchanges like bittrex did with their KYC wasn't fair. They simply added KYC one day and if you had an account with them you were no longer able to withdraw your money unless you did KYC.

Taking clients money hostage and making them go comply with KYC rules is unfair.

I wouldn't send a fake ID but I also wouldn't use a KYC exchange.

There's no reason to do it. PoS is less secure.

The only advantages of using it would be power consumption but that's pushed by the green enthusiasts who don't understand that the power used to mine Bitcoin would be produced and sold anyway. If we stopped mining all around the world the power plants would not start to shut down because of no demand.

With PoS Bitcoin would lose an important feature and with it a lot of value.

It's mych better in every aspect.

2 years ago we were in a bear market now it's bull
2 years ago we had lower market price
2 years ago there were less bicoin users and less exchanges.

What more do you need?

It's an insult because people who act like maximalists rarely call themselves that. It's other people that do it like it's something bad.

I'm probably a maximalist because I see Bitcoin as something superior to existing altcoins. Maybe one day Bitcoin will have to be upgraded and we'll move to a newer version but for now there's barely anything comparable. Look at top altcoins. XRP? BCH, BSV?

12 thousand isn't such a big news. We went higher than this in 2019 and quickly corrected below 10 thousand. What makes you think this time it's going to be any different?

If the hashrate and the short term price are the only reasons you choose to invest in Bitcoin you are doing it wrong.

I'll also add that if you didn't buy at 5,6,7,8,9 thousand and are buying now because it's near 12 you are also doing it wrong.

It's not that instant.
I mean it's faster than an international transfer but if you compare the cost of an instant bank transfer with the current cost of a Bitcoin transaction it's pretty much in the same league.

I used Bitcoin to speculate and as an investment and in both cases it outperformed. It's amazing how this little thing is becoming popular so fast.

That's why they will continue being eaten by the big sharks and kept in the dark so that they're unable to create a strong economy of their own and a strong army. They got left behind and now they're like that tired guy in a marathon without a team of supporters. Others get water and towels handed to them and he's alone in the far end.  

Maybe he sees its long term value but it's too long for him.

We will gradually move from paper to electronic money and possibly from there into more mainstream crypto but it's going to take many years before it happens and the future can be volatile. Buffett will be long gone by then. Old people prefer stability.

^^^

This is why I'm long past trying to find the most profitable altcoins.

It's nice to have some of them for fun and do have something to do when Bitcoin's price gets more stable and boring but that's all.

Why would you spend time making an investment plan out of hundreds of altcoins when you're going to have similar results putting it all in Bitcoin?