Quote from: Poker Player on Today at 02:48:54 PM

Quote from: btc_angela on Today at 11:01:55 AM

Lol, a newbie predicting that we are in a bear market, Last January and February we saw bitcoin lost 23%-26%, so even if we go to 30%, which I don't see happening, could really be just a dip.

As you have said this crypto is unpredictable and yet you are saying that we are in a bear market. You totally contradict yourself.

Lol, he doesn't even know what a bear market means. According to Investopedia: "A bear market is when a market experiences prolonged price declines."

If we keep like this for a while we can start saying that we are in a bear market but not now.

A bear market is a sustained 20% decline. Fact.

Lot's of big players got involved in the last few months BTC went parabolic, bound to be that same big players would take their profits, as this is what big players do. Only fools HODL

Personally I agree that if you mine, then HODL, keep it forever; but if your paying real cash for btc, then by all means take your profit while you can.

I have never sold crypto, for the simple fact that I don't want the 'record', and the same goes for buying. But there are clearly tons of people trading crypto on trading-exchanges, and of course we are well aware that some +80% lose their money 100% in a few months, on average, so for those people sure by all means HODL

Long term for BTC is clearly zero in terms of value, as certainly in the coming years btc will be 100% hacked; The 'ownership' never really goes away, just trades hands; losers & winners, and people who staked with real cash will be losers, those that switch from mining to 'searching for lost coin' will be the new HODL'ers until somebody else 'finds' their coin; Certainly only a child would continue this game, or repeat in the case definition of insanity.

When the majority get burned, and find their btc gone, e.g. zero on their account, eventually the word will get out, that yes you might know some 'magic numbers', but it can never be converted into FIAT, or gold for that matter. So what would be the point of continuing to play with magic numbers?

Somebody will come out with a alt ( feces-coin ) that is a bit-coin killer, I would suspect 2^1024 bit strength EC, and sha1024 hashing, whether they can map the old-school btc to the new super-secure btc is anyones guess, I think that btc-core will die of its current death, one of the clones will continue to improve; Eventually the coin that doesn't get hacked is the real winner.

Probably the only real advice today is "take your profit", and if you believe in crypto, then diversify, nobody knows which will be top in the future, and it certainly will not be btc, it was first, but like Lotus-123 first, doesn't mean anything 10+ years in the future.

BTC has lots of problems, speed, transaction rate, fee-rates, easy to hack; Some clever group will get it together, and market it correctly, and create btc 2.0 who that be is anybodys guess, but wealth makes people soft, my personal bias is that neither BTC or ETH will be at the in 5+ years.

The founding fathers of Core&Ether are simply going to get fat&lazy, some young hungry people will address the short-comings of btc, and one morning the elders will wake up and btc will be worth nothing, which is another reason clever people take their profits while they can.