Quote from: michellee on December 18, 2020, 07:21:24 AM

Great. It seems you've done great with your exchange. What you need now is to promote your exchange here, so people know that you can be bigger and have a chance to compete with the other exchanges.

You can be sure that with our offerings and patent that we are obtaining, even the top10 current crypto-exchanges will seam too small in the future compared to us. Because what they do is developing ecosystem around crypto-assets (exchange, payments, banking, etc.), but we don't and won't - we are specializing in innovative financial instruments and will be expanding in that vertical which will cover not only crypto-assets, but traditional ones as well. Though, it's not for self-promotion here

And thank you for your valuable advise!

Quote from: michellee on December 18, 2020, 07:21:24 AM

Yes, I am happy to sell my bitcoin at my target price, waiting for the next target price. I also load up more bitcoin by buying back bitcoin at below $23k because I expect another bitcoin price jump. Can you explain more details about Tranched Value Securities?

I will be happy to and it will be our team's pleasure! But I am not sure how appropriate it is to explain in this tread as other community members might perceive that as aggressive advertisement or spam in irrelevant thread. I would love to invite you to our telegram channel where you can chat with our CEO (in my signature) or to one of our threads where we talk about TVS (in ANN thread and "everything you wanted to know about BTC TVS") - whatever you feel more comfortable with.

I hope for understanding from other BitcoinTalk members, as this was not intended to be self-promotion or marketing thread

Buying anything below $23k might be a valid short-term strategy, but if you want to make sure you really earn good and sustainable return, you better wait for bigger correction (advise from our CEO

) - "buy when there's a blood on the streets" as someone said. Or use innovative financial products which will help you to lock in your own desired price/risk level Wink

Quote from: so98nn on December 18, 2020, 09:33:00 AM

I think post apocalyptic scenario is too much exaggerated. See, in any case the apocalypse won't happen suddenly or in blink of an eye. The change would be gradual and seriously it is happening right now but we are not seeing it anyway.

So we will have changes into blockchain as well. May be there won't be changing of codes but there will be upgraded system. May be a completely different blockchain based technology. This kind of revolution is always there when we need it or when it's outdated tech that we still using. May be it's time to sit back and enjoy the pie that we have.

Well, I assumed apocalypses if happens will happen pretty quickly. Otherwise if it's gradual and slow - it's crisis and we will have time to prepare for that. And if we expect Bitcoin or other cryptos to be run on a completely other technology in the future, that means we don't expect the "true" and "authentic" Bitcoin which we all currently trade and have to exist. Do you mean we should prepare for the current Bitcoin to die gradually and be replaced by more advanced "improved Bitcoin"?

Quote from: CODE200 on December 18, 2020, 11:56:21 PM

The idea of Bitcoin is not really understood by many people up until this point. They just knew that it is either a digital currency or a form of investment so I guess it won't be something to flex towards other people if they won't really know its importance in the first place unlike on physical things such as cars, phones and the likes. Those wherein OP have referred to as 'fake rich' are typically social climbers, to be more appropriate. The fact that single thing you own will not make you to the upper class, doesn't really make any sense.
I the post-apocalyptic scenario, nothing will matter anymore except from food, and other necessities an individual will need to survive, that's it. Things are applicable not only with Bitcoin but to all currencies, if this scenario will meet the reality. Technologies will be close to being useless except for those which will contribute to one's survival but for sure there will no longer be systems in general, that will be functional because that would be a total chaos which will more likely to happen.

You really provided a great details and analysis of the possible scenario! Really appreciate that. However, "the single thing" can lift your social class... or at least make your social class appear to be higher than it is. Like if you go with lambo to some high end restaurant (even if you just rented it for 1 hr) will get you new and useful connections who can further uplift your class, as opposed to gong to the same restaurant by taxi or bus. And with post-apocalyptic scenario, as you correctly noted, all tech-things will become useless and not needed, but as there will be some people left who survived they will gradually re-establish social-economic system and they will need some medium of payment (as barter economy will soon prove them again to be inefficient), and BTC unfortunately won't be there top choice, but gold or something else, what is currently controlled by the "true elites". What do you think?

Quote from: FlightyPouch on December 18, 2020, 11:59:28 PM

I agree. It is the same with other investments/assets as well. It might not be the same with others in which bitcoin is so volatile but that doesn't matter. The price is out there right now and it might increase much more in the next few years. These people might be anonymous as well, but for me that is just rightful following the pseudo-anonymity of bitcoin.

But as other members noted (not even me) that you pay that much for the chance to have that blink number to appear on your screen... If something happens (which we discussed in this thread - many things can happen) you will be left with nothing (which can happen intentionally or unintentionally due to someone specific or due to unforeseen events), and that would literally destroy all that wealth of the ones who believed in this idea, while leaving the "traditional elites" with more wealth and less competitors.

Quote from: Sapphire915 on December 19, 2020, 06:34:10 AM

No, Bitcoin is for real and I have no doubt about it. If you own just 1BTC in your digital wallet, you are absolutely rich if you are going to sell it and the value of your profits will depend on which particular countries you are in. You will be much richer if the value of USD is much higher in your respective country. So, for me, Bitcoins is not for fake rich because you can withdraw it anytime you want if you owned some. However, electricity and internet signal are the most important factors to Bitcoins to become alive and useful. Without this, we cant access our digital wallets, but this doesn't mean that Bitcoins is for Fake Rich with the absence of that. On the other hand, I understand your sentiments about such people who just wanted to show us that they were rich and they have the capability to go with the trend, though in reality they were over drowned with debts. Personally, I've known some people like that and sadly, we don't have the power to correct that kind of behavior. Maybe, its really their way to compete with the elite people and hide their depressions being on the lower class of the society. And with that scenarios you've given, I cant hardly compare Bitcoins with that rich-pretentious people. I think its way too far with Bitcoins to be involved with that.

Your last two sentences are very close to my point Grin

but this is not exactly what I meant. Yes, I do accept Bitcoin is a great thing and invention, but all I mean is that it's mainly used by people who intent to be "fake rich" (obviously not all as we see from this tread), whether purposely or not, it gives those iPhone/Tesla/AppleWatch owners the second chance to own asset, which is just a number on the screen, and doesn't exist without the tech infrastructure (but gold, stocks and real estate will exist even without tech infrastructure), and a hope to uplift their social class due to their inability to participate in the core "elite" assets and investments.

Quote from: bits4books on December 19, 2020, 07:44:13 AM

There is indeed some truth in this because as everyone understands (even if they deny it on the surface, but inside they know for sure that this is so) that without relying on the same "fiat money", any cryptocurrency is just useless numbers that cost less than nothing.
everyone wants wealth in fiat money - dollars, euros - from cryptocurrencies, but they do not want to use cryptocurrencies as a measure of price in itself. no one wants to go to a restaurant and pay a conditional 0.2eth for dinner - they want to go to a restaurant and pay $ 100 for dinner, but through eth conversion.
People themselves have come up with a gasket between themselves and fiat money and believe that this is the real future and independence - but they do not want to understand that such actions simply kill what the cryptocurrency really is. and at the same time, they do not forget to say and write everywhere that fiat money is evil, that banks are evil, that the state that prints money is also evil.
And it's both very funny and very sad. Tragicomedy as it is.

Wow! I have nothing to add to your point. Very deep, very correct and very to the point. Nobody ever will say that Bill Gates is #2-3 in Forbes because he got 1,000,000 Bitcoins, but only because he got X billions of Dollars. So nobody will say Apple is finally 10,500,000 Bitcoins worth company (for example), but only "it's finally a Trillion Dollars company". That's the end of story where the true power is, despite USD being inflated, overprinted, etc. - when the time comes, the "elites" will replace it with something they need (even if it's Bitcoin), but not anything not that - is not for "real rich", but probably for "fake rich" to play around until the time permits.

Quote from: inanilujimi on December 19, 2020, 09:25:45 AM

iPhone, Tesla, BMW, etc ,,, are physical forms that can be seen and displayed to others, while bitcoin is just a code of numbers and letters that we never know who owns it unless they have their private key.
if I may choose it is better to be plain than rich.
This life must be realistic, don't be too pushy if you can't, use what is available according to your ability.

True, and due to human nature, people will prefer to have something they can touch, smell, taste, see, rather than just believe in a number on the screen.

Quote from: Spaffin on December 19, 2020, 05:11:39 PM

Undoubtedly, every person who holds in his hands a material, physical value, he will value it much more than bitcoin, the code of which he does not understand and cannot even touch. But nevertheless, if you take the banking system as an example, then these institutions make money on the fact that they appeal only in numbers, and not in material values. Therefore, we should be calm, having cryptocurrency on our accounts.

Yes, but what we gonna do if gov takes severe anti-crypto measures and cuts off all electricity for every single miner in the world (that's traceable and possible if needed)?

Quote from: proTECH77 on December 19, 2020, 08:11:24 PM

With some envidence many investors have gotten from bitcoin trade, show that those bitcoin billionaire are not fake. Many investors made a huge amount of money during the pandemic that was causing bitcoin a serious pumping in the market. Many customers use the opportunity to enrich their self by release their coins when the price of bitcoin increase to $22k .
With the results we got so far from many bitcoin users show that many people have use bitcoin to do so many business to enrich their self and families in the country. Those that doesn't know how bitcoin works, always see it as a fake currency until they beginning to see some positive result from the users.

Quote from: pixie85 on December 19, 2020, 08:26:04 PM

Bitcoin allowed many of these people to escape the low or middle class level and enter the 1% elite.

I read once about the way white earbuds worked for Iphone. It was a visible sign of who had an expensive phone with them when a person walked down the street and they sold like fresh buns. Other companies saw that and Samsung begun to also sell white ones, followed by other companies but the damage was done. Apple knew people would buy ther products just for show and stand in lines to get the newest version.

Yes, so isn't that a prove that they used Bitcoin to transit from "wanna be rich" to the "actual rich" simply by selling all Bitcoin and cashing out to fiat? If they would stay in Bitcoin or other crypto - they would become nearly bankrupt when BTC dropped to 4.8k (cuz they do have fiat loans), and would have nothing left to reinvest when BTC corrected recently. So as I said I assume - Bitcoin is a great tool for the "wanna be rich" to uplift in the social class to become "actually rich", but if you wanna be "actual rich", you not gonna stay fully in crypto.

Quote from: charlesmichel1 on Today at 03:43:38 AM

Bitcoin wasn't for rich or fake rich 11 years ago when it costed less than $1.

It's not for fake rich, but it allowed "fake rich" or "wanna be rich" to become "actual rich" by cashing out.