Kill me when I say this: price needs to go down even more to get rid of people speculating with Bitcoin as a way to get rich (quickly) and we need more who want to use Bitcoin as a protocol of payment. And for the protocol to be successful bitcoin unit price does not really matter. We are on track.
The Bitcoin Bull Run Speculated With Surge in Market Cap of This Stablecoin
Is Bitcoin Mutating Into Stablecoin? After the drastic dip with the Bitcoin price in March 2020, the digital asset managed to recover in a very short span of time by attaining above $9000 within two months. But later it continued to oscillate in a very narrow price range. In the above chart, the constant trend […]
08-01 12:15 - 'Standard investment theory and anyone with a large diversified portfolio says to keep max crypto allocation at 5%. Considering its speculative volatile nature, it's a very aggressive investment. / That said, I've got basically...' by /u/DacoLordo removed from /r/Bitcoin within 2-12min
''' Standard investment theory and anyone with a large diversified portfolio says to keep max crypto allocation at 5%. Considering its speculative volatile nature, it's a very aggressive investment. That said, I've got basically all my non-tax advantaged money in btc, other than a few grand cash in savings. I max my 401k, Roth IRA, and HSA accounts so I don't feel as bad if BTC goes tits up I'll still have the retirement accounts I would say especially in this sub, the more overall money someone has the lower the % in btc is. It's much easier to be all-in when you're only risking a few hundred or a few grand and you're still young will make more money later. Anyone over 40 needs to be very careful with these things especially if you have the responsibility of children. ''' Context Link Go1dfish undelete link unreddit undelete link Author: DacoLordo
So i have been smoking for the last 4 years. It started off when i went to university and lived on my own. First it was hash, only small amounts in the evening, still it got me waking up everyday feeling crappy and not wanting to do it again, but every evening i would give in again. Later i met some friends who mainly smoked weed. Soon i switched to weed, and started smoking everyday, most of the times in the mornings too. I saw how it had a negative impact on my life, i lost interest in my hobbies, isolated myself from my many friends. I was eating like shit and too lazy to make myself breakfast until i was starving. Eating pizza every night, not cleaning my room, fucking up my studies. Every night i promised myself not to do it again so i burned all my stash those nights, but the coffeeshop (i live in holland) was so close and every morning i would fight myself until i went to buy weed again. During these times i quit a couple of times, but it was always while on vacation. I felt so much better, but soon would give in to my old habits upon returning home. My mother was very worried these days, she saw how i looked like shit, but i wouldn't tell her what was going on.. still feel really bad about that. Still i managed to finish my bachelors degree after 4.5 years last december. After this i had nothing to do so i smoked heavily for a couple of weeks. I was getting paranoia while smoking so i decided it was time to try stopping again. My mother confronted me again and asked me what the hell was wrong with me, so i told her what has been going on last years. During this time i was also getting involved into bitcoins so i decided that would be a good distraction while stopping, and i wanted to keep my head clear so i could focus on that. At first it went really well and i felt great, but then shit hit the fan. I seriously lacked sleep and on top of that speculating with bitcoins and this gave me a lot of stress. I was feeling great, a bit too great. Everytime someone started a talk to me about bitcoins i went euphoric and kept on talking. So i decided i wanted to calm down a bit and smoke a little joint.. that turned out to be a big mistake. After finishing it i got soo high that i was crying out of happiness, my heart was beating like crazy and it didnt have that old relaxing effect as i was used to. After this i didnt sleep again for a whole night and then it started to go really crazy. My thoughts were running wild, making connections everywhere. I was talking like crazy.. I got some heavy sleeping pills (temazepam) from my doctor and they managed to knock me out for 2 nights.. after this the final breakdown came, which i think was also enforced by some side effects from these pills. I started crying heavily, every sound was too much.. panic attacks, hyperventilation, heavy paranoia, somatization (thinking i was having a terminal illness).. in came the crisis intervention putting me on anti-psychotics. After this i settled down again in about 2 weeks and kept faith. Eating healthy, excercise, trying to get some sleep. I managed to do this for a little while until i slipt into a heavy depression which im in now. I fucked totally fucked myself up. Racked up massive study debt during my smoking years, can't start on my masters degree as planned, can't get a fulfilling job. All my dreams are shathered and seem far out of reach. I just want to live near the forest and the beach and go surf everyday.. get myself a nice little house, girlfriend, cat and a campervan, but this seems like it will never ever happen. Instead im stuck in my room in the center of a city.. living in apathy just smoking cigs all day doing nothing. This breakdown swept away all my confidence and happiness. I'm in therapy and don't know what the hell is wrong.. maybe i have developed bipolar because of all this shit or maybe it is just a one time happening.. i sure do hope so. Worst of all i still have MJ cravings, i really miss it but at the same time i hate it. Last night i relapsed and smoked myself 1/4th of a joint. It felt nice and horrible at the same time. I didn't dare to finish it, scared of going crazy again. Arrrrgh this feels so fucked up.. i just want to drift away being stoned again, forgetting all my troubles. At the same time i know it would be playing dice with my sanity and it will fix nothing. Life sucks likes this, sometimes i just want to die. I hope things will eventually get better, but this has scarred me for life :'( I was hoping to turn my life around when stopping weed, but so far it has only turned worse.. Anyone else ever got this deep? will it ever get better? sorry for the long post, just wanted to get this off my chest somewhere. TL:DR Stopped smoking weed.. had a manic/psychotic breakdown and now slipping into depression. FML
What is Bitcoin and How does it work [ALL YOU NEED TO KNOW] How to get Bitcoins,What is a Bitcoin wallet,Bitcoin price variation with time:How fast does the Bitcoin price change,What causes Bitcoin to go up and down(Factors affecting Bitcoin price),Bitcoin speculations,Bitcoin Halving
@FortuneMagazine: As the price of Bitcoin moves with the stock market, hedge funds and other big-time investors have little to like about cryptocurrencies beside pure speculation. https://t.co/BwlxIYEcED
Agree or Disagree? --- Bitcoin - A Highly Speculative Asset with Terrible Spokespeople, Authoritative Critics, and a Baffling Price History
Bitcoin has value because of: The confidence of its community. Some of us are zealots and some casual owners. But for as long as we all hold, Bitcoin will continue to have monetary value. The hard cap on supply, a refreshing change from inflatable currencies. The real and increasing cost of mining it, which many argue creates a price floor. Its growth as a brand. A brand has value according to how far it is etched into people's minds. Its high price prestige. The barrier to entry of owning a complete Bitcoin makes it somewhat of an elite club. Not everyone can own a Porsche or an island or a $10k coin. [insert reasons I didn't list.] That said, to put it mildly, the quality of information on the merits of owning Bitcoin is disappointing. Listening to all these Bitcoin Youtubers would make one think only an idiot would buy Bitcoin. Maybe my Bitcoin purchase was a mistake. One of the most compelling reasons for me to buy Bitcoin was the wild notion that the world's wealthy and powerful elites have everything to gain with the status quo of the prevailing monetary system. And that the established cryptocurrencies are a disrupting innovation that has just begun to transform the financial landscape. Am I the only one who hears all the senseless hype on one end, the bashing by financial titans on the other, then looks at the price history of Bitcoin, and who (in his confused inner Chris Farley voice) says "What in the [HECK] was that all about !!!?!?!"
in the light of the recent XRP rally, let me share with you why I focus on investing rather than speculating and why I see Bitcoin Cash as the best contender right now
Warren Buffet once said :
Someone is sitting in the shade today because someone planted a tree a long time ago.
If you don't care about the characteristics of a coin like its usefulness, community support, decentralization etc, but you buy it because the price has been rising, you are not investing but speculating. Investing is not about following where the money goes each week. I am not saying that speculation is bad or should be banned, just that it's similar to going to a casino, it's a very fun game where you hope that you are not too late in the pump&dump so you can sell with a profit before others. I see it as a zero-sum game (there are winners and losers and their results sums to zero). Investors understand that most useful coins require people to hold onto it more often. For example btc being the base currency of almost all exchanges require people to hold some btc to be able to buy other alts and to sell alts into btc, which means that btc has to be bought and hold more often. The same can be said for ltc currently as people use it instead of btc to transfer fast and cheap between exchanges. This is the fundamental value, this usefulness is the only thing that provides a real support price that makes it a "store of value". On the long term money follows these fundamentals, but on the short term it's all pump&dumps everywhere.
BCH now having lowers fees and being listed on exchanges will probably replace the ltc use-case.
As BCH is added to exchanges as their base currency like CoinEx, it is going to replace the btc use-case.
As BCH gets more merchant adoption, like cryptonize.it or keys4coins.com already allowing you to buy anything you want on amazon, starbucks, steam, itunes, etc with BCH, it is starting to replace the fiat use-case as a means of exchange. BitPay adding BCH support soon will also help a lot with this. Replacing fiat is the biggest goal because the market-cap of all fiat currencies is mind blowing, check the biggest circle on this infographic: https://cdn-images-1.medium.com/max/553/1*ghZH1_xIUDJvVeCeJzqBxw.png
The best thing is that when you invest intelligently based on fundamentals, you are doing both yourself a favor for assuring your financial future, and the whole world a favor for helping useful projects grow and get the recognition they deserve. It's a win-win situation for yourself and the world, which is I believe the moral goal of any honest man, and as you are getting richer in the process, that's also a reward that money can't buy.
06-23 20:14 - 'I don’t know what the fack mainstream media thinks we’re still just “speculating” about. So much tangible things going on with BTC, and lots of us living off it.' (self.Bitcoin) by /u/chinesepotatoes removed from /r/Bitcoin within 113-123min
Why you're in Bitcoin is more important than when you're in Bitcoin. If you're a speculator, then you will leave for more profitable coin anytime (nothing wrong with that). But if you're in to change the world, bear markets and price volatility will not faze you one bit.
I'm writing the above because I am worried about alienating the newcomers. Charlie Shrem was in Bitcoin earlier than most of us, but he had a questionable personality, so do some other BTC extremists. Being early doesn't mean much nor give one more authority, especially when they are in it for the wrong reasons with the toxic attitude to bear. Plus it is important to welcome newcomers especially when they are in it for the right reasons. I would take an ethical newcomer anytime over an old-timer who sold their soul to the devil (eg. Adam Back, Charlie Lee, etc).
Belgium's tax services just decided that any profits speculating bitcoins are to be taxed 33-50%
"The Belgian tax authorities have decided to withhold 33% tax from the revenues that would speculate with bitcoins. This is evident from a new ruling from the Federal Public Service Finance. Anyone speculating with the virtual currency as a private individual, so buying and selling bitcoins with the clear goal of making a profit, will now have to pay 33% taxes on the income. The tax authorities regard the proceeds as 'various income', writes the tax authorities in the ruling on which De Tijd reports. The decision comes after the case of a student who had developed an application for the automatic purchase and sale of bitcoins for his studies. "Thanks to these automatic purchase and sale transactions, he has realized revenue", says the tax authorities. And taxes have to be paid on that. Not as 'good family man' The tax authorities do not consider the profits made by the student as an added value such as those from ordinary shares, since they were not under the normal management of their private assets. Trading shares as "good housefather," you say. Then the capital gains would be tax-free. Since the aim was to make a profit from the price fluctuations of bitcoins, taxes have to be paid. The student, named X in the ruling, is relatively easy with 33 percent since the tax authorities decided not to consider their profits as professional income. The tax can then rise to 50 percent. "He developed the application he used as a hobby and out of interest in his study domain", the tax authorities said. "The development of the application was intended to test to what extent he could convert the theoretical knowledge from his or her training into a concrete application. The resources he has used to make the application work are limited and little organized. The realized added value is not linked to a professional activity and therefore does not have a professional character. " Steep advance The bitcoin has been on a particularly steep rise in recent weeks. Today 1 bitcoin is worth about 16,000 dollars, compared to 900 dollars a year ago. Last week, the price also fluctuated around 20,000 dollars." So far it's just a single court ruling ... but knowing Belgium, it'll soon find it's way into law. Source: (Dutch) https://www.hln.be/geld/speculeren-met-bitcoins-zet-dan-al-maar-33-procent-opzij-voor-de-fiscus~aa8441ad/
Buying a crypto with bitcoin. Now speculating on two cryptocurrencies?
I am new to the world of cryptocurrencies. To my understanding you can only buy some cryptocurrencies with bitcoin or ethereum (so another cryptocurrency basically). I wanted to invest in TRON, so I bought part of a bitcoin on coinbase, transfered it to binance and here I exchanged it for TRON. That proces went pretty smooth and pretty self explanatory. Looking at binance, the TRON (which is very cheap) is evaluated against the bitcoin and this got me wondering. It seems now I am speculating on two cryptocurrencies both the TRON and bitcoin need to do well (or at least bitcoin needs to remain stable). If my TRON goes up but bitcoin goes down they can balance eachother out or worse still loose money. Wondering if my reasoning is faulty or maybe I am not aware how to convert TRON back to EUR without the use of bitcoins. Really curious about your reactions.
Speculating on Bitcoin With a Plan. It is not that one cannot be successful speculating on something without a good plan, for instance there are people who may have bought it back when it could be had for just a few hundred dollars and may have just chosen to hold on to it indefinitely, with no exit strategy, and would still show a very good return even if it loses 90% of its value from its ... Bitcoin Breaks Out to Recent Highs as Regulatory Concerns Diminish by FXTradingPro » Wed Jul 25, 2018 1:28 am As Bitcoin price breaks out if it's recent trading range it a[[ears that much of the move is attributed to a more certain regulatory environment. Bitcoin fell as much as 4% during Wednesday’s session to trade near $9,530 as of 2:47 p.m. in New York. Peer coins, including Bitcoin Cash and Litecoin, also sold off. Peer coins, including ... Stephen Pair, the CEO of cryptocurrency payment service BitPay, has recently revealed he believes a big part of what drives bitcoin’s price are investors speculating on it, while a small part is the actual utility of the cryptocurrency. Bitcoin has even appeared on the front pages of these newspapers. This has heavily influenced the customers. On the other hand, the demand towards Bitcoin is increasing on a daily basis because of this fact as well. Once the scaling issues that exist in Bitcoin are resolved, more and more investors would start purchasing Bitcoins. This reason would also contribute towards the exponential ...
Bitcoin's purpose is not to be a speculation tool - YouTube
Bitcoin Speculation Buying Dips Well, the worst day in the history of crypto is over. What does it mean for the future? #crypto #bitcoin #cryptocurrency NEW HERE? ₿ Hey, I’m Ash, also known as ... Longtime hedge fund manager Paul Tudor Jones said Monday that he believes Wall Street could be witnessing the historic "birthing of a store of value" through... In this video I discuss the possibilities of Bitcoin Halving price before and after the event. Also why BTC could be $118,000 in just 1 year. 💥 Subscribe to ... Investment Bitcoin. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop ... Bitcoin System App: https://tinyurl.com/bitcoinsystemapp Bitcoin System is a trading robot that generates huge profits speculating on bitcoin. This robot ear...