Bitcoin Thread

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At least as long as people avoid the scams and Ponzi schemes, buying or trading cryptocurrencies aren't questionable MLM schemes.
 
Any guesses how low we can go this round, or is this a good place to add more for Hodl?
 
Tman543 said:
Everytime crypto goes negative. People jump on the bitcoin is dead ship.
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I've come to realise most never leave the ship.

They just sit there waiting for it to go slightly red so they can scream from the top of the mountains how they were right and it's all going to come crashing down imminently.

Then it moves like 5% down and shoots back up to new all time highs shortly after and they are suddenly mute.
 
In my eyes anything below 40k US dollars for 1 Bitcoin is a good price. If you can get it lower even better. Looks like bitcoin is holding pretty well at the moment. Has not dropped below 33k low we had in January, came pretty close though. IMO soon as Bitcoin becomes regulated (mainly in the US) yes I know its decentralised but there needs to be some sort of regulation for big corporations to feel safe so they can buy. Soon as that happens I do think BTC will skyrocket and everyone who is accumulating now will be extremely happy. Coupled with a capped supply of BTC and people HODLing BTC now more than ever before I think demand and supply will further push the price up.
I do not see BTC falling below 30k ever again unless US and EU makes it illegal.
 
Its tough one to judge if Russia will use BTC as a form of currency. Like China they do not want to give power to their people. BTC is power to the people since you are in charge of it no one else. Putin might dabble in BTC here and there for oil and what not but I do not think it will save the country or skyrocket the price of BTC. The price jump now that we have to 43k was not because of Putin buying in fact because of EU, US and UK buying.
 
If Russia uses BTC it will be for international payments because the rouble has collapsed against the USD. In effect, use of BTC will then just be reinforcing the strength of the fiat USD. BTC won't be used internally in Russia because its use is too difficult to control. The real value of BTC is to Ukrainians and citizens of threatened countries so they can escape with money they can use elsewhere.
 
BTC is not fungible. Unless every transaction is using coin mixers intelligently, it will (eventually, once enough data is gathered) be possible to trace transactions to "tainted" coins that passed through Russian hands during this period.
 
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