At this point, Bitcoin looks like the safest and most attractive option. Check the price charts for the last 12 months. Most of the alts have gone up by 10x or 20x (in case of shitcoins such as Doge, the prices have increased by more than 100x during the same period). So at this point, the vast majority of the alts are neither safe, nor fairly priced. On the other hand, Bitcoin is looking attractive after the recent drop from $62,000 to $33,000. IMO, I would allocate at least 70% to 80% of my funds for Bitcoin at this point.

Entire thread is confusing. Because in most cases, the funds for investment comes from savings. I don't know a lot many people, who take out loans so that they can invest. And it is a risky option as well. In my case, 100% of my funds for past investments (including my purchase of Bitcoin in 2017) came from the money that I saved from my monthly income. And then again, how much you can save depends on your financial condition. If you have just started with your career, then I don't expect you to save a lot. Because during the early phase, the salaries will be low, and a lot of expenses need to be taken care of. You need to worry about the savings only after getting yourself settled.

I first read about this news many years ago (almost at the time I got my first coins). Now time has come for this guy (James Howells) to move on with this life and admit that the coins can never be recovered. If he had so much faith in Bitcoin, then he would have never thrown away those coins in the first place. He should remember what Satoshi said about those lost coins. According to Satoshi, lost coins increase the value of the coin holdings of everyone else. Millions of coins are now reported as "lost", and the BTC7,500 figure mentioned here is like a tiny fraction of that amount.

For those who have invested 50% or more of their total wealth in to Bitcoin, there is nothing wrong in booking profits at regular intervals. But in my case, I invested only around 10% of my net worth in Bitcoin (that was in 2017). I sold some amount of my coins during 2017-20 period. I regret about that decision, because if I had held on to them, then I would have got a higher amount of profit. My advice to everyone is that in case you have a small number of coins (<25% of your net worth), then it will be better to wait for some more time, so that the exchange rates hit 6 digits.

As long as these restrictions are limited to China, I don't have much issues. Those citizens who want to own cryptocurrency will find a way to do so - either through proxy holdings, or through exchanges that are based outside China. Actually I am surprised that China allowed cryptocurrencies such as Bitcoin and Ethereum for so long. Remember that this is a country that doesn't allow social media platforms to operate freely. Each and every aspect of economy in China is manipulated. So I was expecting a ban sometime soon. Now they are moving towards a proper ban, the question is whether they will be able to implement it or not.

Ireland was looking good against South Africa, but then William Porterfield got out. They had an early set back, when their best batsmen (Paul Stirling) fell cheaply. But Andrew Balbirnie and William Porterfield added valuable 87 runs for the second wicket and frustrated the South African bowlers. But just when these two needed to settle down, Porterfield tried to reverse sweep Shamsi and got out. Balbirnie is still there and he needs to build a partership with Harry Tector, so that Ireland could end up at 230-250. Given the overcast conditions, the Irish bowlers will have a chance if they have such a total to defend.

Normally I don't go by these numbers, because they are generalized numbers combining a number of different assets. For ordinary people, it is inflation in the petroleum, food, medical and transport sectors which matter the most. And from what I can see, the the prices in these sectors have gone up by much more than 0.6%. The crude oil prices have almost doubled over the last 12 months, and this will act like a chain reaction, increasing the prices in other sectors (by pushing up the cost of transporting goods).

Why don't you guys read the previous posts instead of just posting to increase your post-count? Vietnam has made no changes to their policy towards cryptocurrency policy. The restrictions still remain in place. The news is about CBDC that the government is planning to bring to the market, and I think that it will do more harm than good to the usage of genuine cryptocurrencies. The regimes know that CBDCs are inferior to genuine cryptocurrency, and they will impose additional restrictions to discourage the competition.

The governments are trying to ban something, that can't be banned. Some of the regimes (especially in the third world) have a tendency to prohibit new innovations, giving the silliest of the reasons. Here in India, internet was banned for many years (because it was deemed as "dangerous"). Before that, it was not allowed to import computers, as the politicians claimed that computers will result in automation of work and the loss of jobs to unskilled population. Now the children of many of these leaders, who previously opposed computers and internet are working in IT firms. History will repeat with cryptocurrency and Blockchain as well.

Perfectly said. Previously when I was using centralized exchanges, I have used VCCs from various providers to fund my fiat exchange wallets. I reside in India, and here linking your bank account to the cryptocurrency exchange is always risky due to the lack of legality of Bitcoin. The banks can use this excuse to either freeze your funds or shut down your bank account. So I have always went for the indirect route (i.e deposits using pre-paid virtual credit cards), although it is more expensive and time taking.

I am fine if the government ask the citizens to pay taxes on time. They also need funds for their functioning, and therefore I can understand their argument. But dictating which asset we should invest and which ones we should not is going a bit too far. It is not possible in democratic countries to impose such restrictions. We are investing in cryptocurrency with our hard earned money (that too after the tax deduction) and not with government funds. Time has come to say a big STFU to regimes that doesn't value personal liberty.

LOL.. going by your definition, most of the coins in top 10 right now are "old coins". Bitcoin was invented in 2008 and was first mined in 2009. Ethereum ICO happened in 2014. Ripple's initial release was on 2012. In case of Cardano, the ICO started in 2015. Dogecoin was first introduced in 2013. So going by your definition, almost all of the top coins are "oldies". Among the top 10, I could find only Uniswap, that was created at a later date (created in 2018 by Hayden Adams and listed two years later in 2020).

If you are talking about coins that became obsolete after 2017, then there is a point. One example is TRX. Used to have a market cap of $15 billion. The current market cap is less than 1/4th of that.

They are the first to make Bitcoin as the legal tender, but Bitcoin was legalized in countries such as Japan many years ago. The move by El Salvador didn't had any impact in the market, as the FUD from China crashed the prices. Unless some of the big names move to El Salvador, or expand their business to include that country, I also don't expect any big impact. As far as the market is concerned, the size of the market in El Salvador is very small (at least when compared to the markets in countries such as US and China).

The impact from a ban in the United States (although it is very unlikely) will be much worse when compared to any other setback we had in the past. If FUD regarding China ban can do so much damage, then you can imagine how much damage can be done by similar measure from the US government. I agree that any potential setback could be temporary. But this "temporary" phase can last for many years. Millions of coins will be dumped in a relatively short duration, and that will keep the exchange rates suppressed for a long time.

For a moment, let's ignore the case with the smaller coins and concentrate on the established coins. For these coins - BTC, ETH, BNB, ADA, LTC, BCH, XRP.etc, the current prices are higher than what we had at any point before 2021 (2020 and earlier). I first got my BTC on January 2017, and it has been almost 5 years now. The current prices represent a 40x increase from my purchasing price. If I had invested in any of the alts (ETH or ADA), then the returns would have been even higher (215x for Ethereum).

More then the performance by Bangladesh lower order and tail, it can be described as complete meltdown from the Zimbabwe bowlers. The 7th wicket partnership was the trigger and when Mahmudullah and Taskin Ahmed started piling up the runs for the 9th wicket partnership, it looked as if the Zimbabwe bowlers have resigned to their fate. They had Bangladesh at 132/6. It just baffles me how they allowed their opponents to score another 336 runs. The two openers (Milton Shumba and Takudzwanashe Kaitano) have started well... but I don't think that they'll be able to avoid follow on.

As long as you don't move your coins, the government won't be able to find out who owns them. But at some point, you need to convert your coins to fiat. If you own considerable amounts, then the safest option is to travel to a country where Bitcoin is 100% legal (such as El Salvador and Japan) and sell the coins there. But small holders can't use this option. It is not economically viable for them to travel to another country, just to book their profit. And this is where it gets risky. They can always go for P2P platforms, but there is no guarantee that the government won't be able to track them.

The trigger may come in the form of some economic policy from the government. Here in India, back in 2016 we had devaluation of certain high denomination banknotes. This created an acute shortage of physical cash, a lot of vendors and ordinary people started using mobile payment methods such as PayTM and Google Pay. Unfortunately, cryptocurrency couldn't make use of the opportunity, because at that time the legal status was unclear in India (and even now, it continues to be so).

This is where experience matters. Any of the experienced sides would strive to get wickets, as they know that a single wicket would change the state of the match. But after Liton Das got his half century yesterday, the Zimbabwe bowlers looked as if they are no longer interested in the game. They were bowling as if they had to complete some formality. I really don't know why ICC keep the full member status for such teams. There are a lot more deserving teams out there. The $12 million fund that ICC pours in to Zimbabwe every year could be better spent elsewhere.

The county championship is ongoing right now, so I would not say that the England players are without match practice. Still, some of the players would be making their debut and they will be under a lot of pressure. That said, I don't think that in terms of match practice the situation is any better in the Pakistan camp. They failed to organize any warmup matches before their first outing against England (the same mistake that India did ahead of their WTC final against New Zealand). Anyway.. less than one hour to go.. let's see how it turns out for both the teams.