Link fixed to be usable:

Quote from: thestupidfool on Today at 04:05:35 AM

insanely stupid obviously.
https://old.reddit.com/r/tax/comments/mfegx4/reclaiming_my_life_after_being_destroyed_by_crypto/

Bloody hell, you call that a “free country”!?

If anyone ever wonders why I sneer at America (and Americans), this is why. In the Soviet Union, at least the average person realized that he was living under the yoke of an unbearable tyranny. And that is why the system eventually collapsed... In America, the people are dumb enough to call themselves “free” (and to bomb others into unwilling submission to the same “freedom”). Americans are too stupid to understand that they live in one of the worst countries in the world.

Protip for the OP in that Reddit thread: “Crypto” did not destroy your life. Your insanely tyrannical government did. Blame must be laid fairly.

Quote from: nullius on Today at 02:55:09 AM

I bought into Bitcoin for political reasons, without regard to the market. It has worked out well for me; but I did not plan it that way!

Quote from: odolvlobo on Today at 03:46:16 AM

Why use margin? You have enough to cover the entire amount, and you will be paying interest on money that you already have.

Regardless, margin is not appropriate for new traders. You will lose everything.

^^^ That. And if you get wrecked trading on margin, don’t you dare post to Reddit that your life was “destroyed by crypto”.

Quote from: tranthidung on Today at 04:13:05 AM

Why do you think bitcoin will hit $100,000?
When do you think it will hit $100,000?

The WHEN question is important, it affects your plans:

There, you are just being rational.

I am too cautious to predict “when”; but for my part, I will answer the “why”: Bitcoin’s fundamentals.

We are in the mid-$50k range with ATH >$60k, and very far from market saturation. Market cap is over $1 trillion. Absent a mass-catastrophe (e.g., disappearance of the Internet), the size of the Bitcoin market will grow at least another 20x–30x. That is a conservative estimation; it will probably grow much more.

Supply is capped. >88% of maximum supply already exists. We currently have a low inflation rate, which will be economically negligible after the next halving. Therefore, price must increase.

This analysis ignores the inevitable and accelerating devaluation of the dollar. When I call Bitcoin at a long-term value of over $1 million, that is according to the value of today’s dollars.

If Bitcion >$1 million seems crazy to you, just remember how crazy “Bitcoin >$50k” would have sounded five years ago.

—Oh, did you say $100k?

* nullius yawns.