I heard about it from a friend who was interested. At the same time I read some things about the bitcoin bubble pop, as it was 2015, not long after the crash and actually near the bottom.
Fun fact is that the media love to talk about how bad the asset really is when it's at or near the bottom. They rarely bash it on the way up or at the top.

I googled some things, begun to watch youtube videos, bought some altcoins because at first I thought that altcoins and bitcoin are pretty much the same thing just priced differently. I had to spend a lot of time and lose some money to learn what I know now, but I'm happy with what I know and that it did not cost me more.

It can end at any moment and we'll fall to the 25 -30 range to stay there bouncing for another month or two. You never know.
The dips are getting lower that's for sure.


That's true especially when chain metrics show that it's mostly people who bought over 50 thousand who sold with heavy losses. Those who held at 20 thousand also held at 30 and 40.

I don't feel attached to my bitcoins and I would sell if it was a matter of going hungry or not paying my bills. As long as I have fiat money to pay for everything I'll keep spending fiat and holding bitcoin. I fully understand people who have to sell some coins because they are buying a house or need to pay for their child's education. Don't suffer because f your investment and don't let your family suffer. It's not worth it.

I'll give you some pros and cons of every solution.
Let's start with trading.

For me the biggest con is the risk of holding coins on exchanges. Your coins are not only at risk of being hacked, but also blocked by the exchange due to some change in rules or if they find your activity as suspicious.
I've lost some coins on bittrex because they've decided that my activity is suspicious and blocked my account and then demanded me to send them multiple selfies and bills to prove where I live and in that time I've changed apartments so that was out of the question... Long story short they demanded a ransom that I could not provide. They stole my coins. It wasn't a big deal because that was maybe $100 worth of cryptocurrencies, but imagine if you had 100 times more and the same thing happened to you.

You're also at risk of making a mistake, trading with leverage and getting liquidated and losing a lot of money.

What's the worst thing that can happen to your bitcoins held offline? If you buy today, we can go to retest the previous high by the end of the year and you'll earn 100% on your investment or go down to maybe 20 thousand and you'll lose 30%. If you decide to trade you can lose 100%, so the risk is much higher. Holders will never lose 100%, even if they buy the top.

Holding doesn't require any work, any thinking. It takes more time to make money so it's a game of patience but it allows you to focus on other things.

It depends on how much of gold vs bitcoin you're holding. If you have 3x more gold than bitcoin think about balancing it a bit more at least towards 50/50.
I think that if you have physical gold you should hold it. In case of a hyperinflation things like physical goods, metals, bitcoin, will all go up in value.

If you have gold shares you can as well sell it for bitcoin because it's not as safe to hold as bitcoin and will produce much smaller profit for you.

Should you even care about volatility caused by the rich if you aren't trading?

For me there's always a good price to sell maybe once a year, sometimes more, so if I ever want to do it in a certain time I'll be able to. Like now we had 60 thousand in 2021 and we are going to have 50-60 within the next 12 months. If that's your target it's going to happen. In 2022 you'll probably see 80 thousand and more so if that's your target yo will eventually reach it. Don't spend too much time worrying about things you cannot control.

Looks like they're doing what China is doing. Banning Bitcoin to push through their own centralized digital currency.

It's not good news for real crypto because centralized cryptocurrencies are representing everything that Bitcoin was made to fight. It was made to let people become their own banks, not use digital fiat money made to look like a cryptocurrency.

This is the thing with Bitcoin. It's so popular that people who talk about it suddenly become popular. Just look at some of the crypto youtubers and TA analysts. They're almost never right and they love to repeat FUD but they make money doing so just because they talk about Bitcoin. Most of us wouldn't ever know about Michael Saylor if not for his opinions about Bitcoin.

I like him because I'm very bullish about Bitcoin and if his opinions make people hear about it and start learning then there's nothing wrong about it.

Not everyone has to won and use bitcoin just like not all people in the world use USD. I've never had USD in my hand because there was no need to. It's not an accepted currency in my country.

If you don't need a decentralized payment system and are fine with having your money in a centralized bank it's all good. There's going to be many similar people who will never use bitcoin.

Also there's this thing that at this point there's maybe 15 million bitcoins in circulation not counting lost coins and there's much more than 15 million users so the distribution has already happened. You don't need to waste time thinking about how it would happen because it's happening every day without our help.

100 years is a long time. It's hard to say if there even be life on Earth in 100 years. To give you a perspective 100 years from now people were barely able to fly. There was almost no commercial airlines and most of the traveling was done by trains and ships. Now we have electric cars and supersonic jets and millionaires are sending cars into space

I feel like there's not going to be a normal currency in 100 years it's all going to be electronic. Fiat money will be dead and you'll be able to see cash in museums. Everybody will use electronic currencies and crypto but will Bitcoin be good enough for that period is hard to say. Bitcoin will probably be what a a steam powered ship would be for us now.

Shows how much real value the coin has. If someone's tweet can make it go up by 70% then someone's tweet can also make it go down by at least the same amount.

Who are the morons who buy these? I get that someone thought to make another meme coin based on Musk's tweets but who the hell is dumb enough to put so much real money into this manipulated shit that is sure to dump when its creators cash out or when Musk says he doesn't like it anymore?

For me it's an idea that counts and if they have features that disqualify projects in my view.

Premine, centralization, copying or forking another coin. This things mostly disqualify a project in my eyes but there's more like a fake team or an anonymous team, how the site is build, are they paying for reviews and articles, are there any known scammers in the team... There's a lot of stuff that I look at and I never invest in new projects. I always give them some time to get listed and such.

It's possible if you get lucky but ICOs are a thing of the past now. You have more chance of getting profitable with defi than ICO at this point, so why take additional risk if you don't have to?

I'm all about safe and steady returns so when I buy altcoin projects I usually go after things that actually have an idea about what they want to achieve. The profits with such coins are usually lower but so is the risk. If I want to gamble I'll go to a casino.

Were you really expecting assurance? If yes then you're in the wrong place.

With cryptocurrencies assurance is a sign that someone is trying to scam you. All the projects that were promising great returns were scams. There's no such thing in stocks and there's no such thing in crypto and all other investments. If you want someone to promise you big money with no risk you shouldn't invest at all.

If there's a recovery it's not going to happen because of Musk. People are fed up with Musk and it's about time he stopped trolling crypto.

Dogecoin is down a lot and Musk did all the damage he could. It's not going to recover if he starts posting stupid rhymes or whatever. Those who got burned by his manipulation are already out of there and thinking how they could be so stupid to buy because of Musk.

That's because meme coins have no intrinsic value. They are made for speculators and traders to have some fun and they have their place in the system as pump and dump coins.
Since Dogecoin was made to make fun of bitcoin actually investing in it is stupid. You're paying money to someone who doesn't respect bitcoin and thinks anybody can make a woirthless cryptocurency and make money from it.

I don't think it will ever happen. One of the US senators recently advised people to buy Bitcoin for long term investment so that they can have an alternative to the US dollar pension funds.

If they ever try to ban it there's going to be a lot of resistance from the politicians and people. Nobody wants to be the one who bans something and makes a lot of people unhappy.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

The congressman is nuts to think a decentralized system can be made to comply with this or that. It's like telling all the ants in the world to move away from neighboring houses and into the woods. I'm sure they'll listen.

Demanding Bitcoin to do something is a nice way to show you have no idea how it works.

They used to say that burning natural gas is good for environment when compared to gasoline or coal, so we could call this power plant green, yet some people are so into attacking bitcoin that now even this green operation is bad because it suddenly emits greenhouse gases. Meaning what? CO2? All of us do it, planes do it, cars do it, nobody stops cars and planes from operating so what's the big deal?

Why don't they try to make use of that. The power plant discharges hot water so maybe you could build a swimming pool and a hot spring spa or whatever nearby and make money for free? You could divert some of the water towards residential buildings and heat them up for free.

I'd pay to take a bath in a warm lake in winter and I'm sure I'm not the only one.

I told a friend that I had some bitcoins in 2017 and he bought just a bit. It was maybe $1000 worth of coins. It was maybe 0.3 btc back then and now that's worth almost 10000 USD. He is still holding and is quite happy because it's that money that is going to help him get his own apartment. Since that day he bought even more and got some of his friends into bitcoin, telling them that buying in 2017 was one of the best decisions he made in life.