Quote from: SilverCryptoBullet on April 05, 2024, 01:38:24 AM

Quote from: VanKushFamily.com on April 04, 2024, 10:12:46 PM

I was around when Bitcoin was $5, and $30, and I Bought my First Bitcoin at $30, I then Sold at $1,000. And I was Earning 7 Bitcoins a Month for a few Months, and Cashing that out for $7,000.

You only created your account on January 01, 2024 and shared this story.

If you were here when Bitcoin was about $5, it is about middle of 2011, many years ago.
https://bitcoin.zorinaq.com/price/

It is very strange that you were not in bitcointalk forum in 2011 or 2012 and only joined it this year.

I Lost my Password

Quote from: SickDayIn on April 05, 2024, 01:57:16 AM

Quote from: SilverCryptoBullet on April 05, 2024, 01:38:24 AM

Quote from: VanKushFamily.com on April 04, 2024, 10:12:46 PM

I was around when Bitcoin was $5, and $30, and I Bought my First Bitcoin at $30, I then Sold at $1,000. And I was Earning 7 Bitcoins a Month for a few Months, and Cashing that out for $7,000.

You only created your account on January 01, 2024 and shared this story.

If you were here when Bitcoin was about $5, it is about middle of 2011, many years ago.
https://bitcoin.zorinaq.com/price/

It is very strange that you were not in bitcointalk forum in 2011 or 2012 and only joined it this year.

I understand the intent of this comment, however many people have signed up accounts here 5-10 years ago and then lost access as they lost access to their email account. I am an example of someone who only got lucky recovering my old bitcointalk account.

However, back to the main topic - I certainly believe Bitcoin will hit $1m one day. It has already hit $100k for some first world currencies, besides the USD, but I don't believe this is because the value of Bitcoin has increased. Whilst CPI is only ~5% in some countries, real inflation is much higher, so the currency has been debased significantly over the past few years. Bitcoin rapidly rising is just an indicator that our paper currencies are "trash".

You are saying that Bitcoin is much like Gold, and that makes sense. The Best Indicator of this kind of Valuation would be Venezuala, and maybe Argentina. From the Beginning, People were like "Why are these Countries all Buying Bitcoin" and that is why they are Buying Bitcoin. Because their Currencies go Lower and Lower like a Limbo Contest, and they can Buy more of it with Bitcoins once it goes Down. They just have to have Bitcoins. So they make sure they do.

Quote from: spandamoto on April 05, 2024, 02:36:51 AM

That's my story. Been around since 2012. Lost access to everything multiple times when laptops randomly decided to kick the bucket.

$1M BTC is certainly possible. I remember when it hit $1000 and was thanking my lucky stars I could convert my Second Life Linden Dollars into BTC. It hit $20K and I thought this train was only getting started. $100K seems all but guaranteed. Probably will see $200K this bull run, maybe even $250K. $1M may require another cycle or two, so 4-8 years, but it can get there, especially if the fiat currency system implodes at the end of the 4th Turning and into the new 1st Turning.

It seems like a no-brainer to open up a 5x leveraged position, with enough dry powder on the side for a 50-60% drop just in case, and ride it to $1M if you trust the exchange and aren't selling the farm to do it.

What I think the Best, Best Strategy is, is: Create Your Own Currency, Post all the Announcements both here and on SocialFi (most people stopped Posting here on Bitcointalk), and then Buy Bitcoins from the Standpoint of having Your Own Currency. If not, Join a Currency You like the Community of. But, there is YET to be a McDonalds Coin, YET to be a Walmart Token, Yet to be a State Government Mining Program, or Even a Bitcoin Town where Everyone's Houses are Built with Mining Integrated into the Home. All of this has Yet to Happen, so there is Plenty left to be a Part of.

I would say we are at the Beginning now, when we were all here and it was $5 and $30, that was the Beginning, but just because Everyone that Bought in at $5 is Selling for $65,000 and You can NEVER do that with them because they won't be $5 again, doesn't mean we aren't at the Beginning Still. Bitcoin was just a Test, the Most Important Blockchains are Yet to Come.

Quote from: odolvlobo on April 05, 2024, 04:20:13 AM

Quote from: VanKushFamily.com on April 04, 2024, 10:12:46 PM

First, People will need to Invest in Cloud Mining and Mining Bitcoin.

Cloud mining is an old scam. Only the newbies fall for it now.

Telling People to "Buy Bitcoin, and HODL!" is often a Scam, the People all Over Twitter that said "Buy at $60,000 it's CHEAP" had no Idea it was about to Drop to $20,000. And if You were Cloud Mining at $20,000 You wouldn't be Mad about it now.

And, I also mentioned that more People need to get into Cloud Mining and Run it with Other Companies. Because basically, what the Cloud Mining Company is Banking on is making more Money Selling You the Mining Power, than they would Mining on their Own. The Only Saving Grace You have as a Cloud Miner, is the Price Spikes, the Moon Ramps. And if You set up an Account for someone else, as a Gift, it's Better than just Giving them Bitcoins to Cash out. Someone getting $3 a Day or Less (most Cloud Miners, most Miners Generally make less than $3 a Day) maybe is a Better Gift than the $1000 all at once. Because then once a Month they Log in and they are like "Wow, another $100".

Quote from: pooya87 on April 05, 2024, 05:41:06 AM

Quote from: VanKushFamily.com on April 04, 2024, 10:12:46 PM

First, People will need to Invest in Cloud Mining and Mining Bitcoin. That will be Part of the Price going up. There will have to be People that are Constantly involved in Mining and getting more Bitcoins,

Cloud mining achieves none of these. People won't be mining, they won't be getting bitcoins (not for long anyway), it won't contribute to the price rising.
The reason is simple, any cloud mining is either purely a scam Ponzi scheme or will turn into one sooner or later.

Quote

but mostly Holding them for the Future with Plans to Sell them for a Higher Price.

We don't want that either. From day one Satoshi didn't create bitcoin so that people can buy it, hold it and become rich! It was created to give people financial sovereignty and that can only be achieved when people use bitcoin not hold it.

Quote

Helping People to use their Old Machines and Things by Creating New Currencies in the Van Kush Family Network,

Was this an ad?

In any case, it is not a good plan. When hardware improves (for example when ASICs come alone) you can no longer define smaller coins with the same algorithm because they will be 51% attacked due to having low hashrate.
That means if you think you can get people who were mining Bitcoin with GPUs or even first gen ASICs to mine a shitcoin with the same algorithm using the same hardware you should know that anybody with better hardware can attack that shitcoin.

There have been Good Cloud Mining Companies, I know one that went out of Business that I was Using, and if You Mined DOGE on it (it was one of the Early Ones) You made a GREAT Profit, and I'm sure actually now if You Mined Ethereum on it then also, now those Ethereum are what, $1000 each? I remember when ETH was $7 as STEEM was getting Started, and it was Cheaper, but I remember Specifically when it was $7. So Buying Mining Rates for all of those were Extremely Cheap then. You just have to be Smart with the Cloud Mining.

Quote from: davis196 on April 05, 2024, 05:46:38 AM

Quote

First, People will need to Invest in Cloud Mining and Mining Bitcoin. That will be Part of the Price going up. There will have to be People that are Constantly involved in Mining and getting more Bitcoins, but mostly Holding them for the Future with Plans to Sell them for a Higher Price. And we want People to have Mining Machines that they can use for Other Currencies, we will always want there to be People Mining. And very Soon, we will be Helping People to use their Old Machines and Things by Creating New Currencies in the Van Kush Family Network, but that is beside the Point. But the Point is that we will always want People to be Mining, with Laptops, with ASICs, all of that will be Happening.

1.I stopped reading after OP mentioned the cloud mining BS. Why should the people invest in cloud mining scams? Why should they invest in BTC mining? BTC mining is currently done in big mining farms with expensive equipment on an industrial scale. You can't mine BTC on your PC anymore.
Why would investing in BTC mining boost the Bitcoin price? Buying actual Bitcoins can help in boosting the BTC price, not investing in mining.
2.What the hell is this "Van Kush Family Network"? Another shitcoin?

If You want to Buy an AntMiner, or whatever You are going to Buy, You can do that and Hardly make the Money to Pay for the Electricity. What exactly would You suggest for Mining? And how does that get People Closer to being able to get Coins? Because Most People can't Mine, and will NEVER LEARN.

NEVER.

THEY WILL NEVER LEARN TO MINE.

And there has to be Other Ways for People to Start to Learn to get Coins. And that also involves Altcoins, but this is not the Section to Talk about Altcoins.

Quote from: MusaMohamed on April 05, 2024, 06:17:37 AM

Quote from: odolvlobo on April 05, 2024, 04:20:13 AM

Cloud mining is an old scam. Only the newbies fall for it now.

Quote from: pooya87 on April 05, 2024, 05:41:06 AM

Cloud mining achieves none of these. People won't be mining, they won't be getting bitcoins (not for long anyway), it won't contribute to the price rising.
The reason is simple, any cloud mining is either purely a scam Ponzi scheme or will turn into one sooner or later.

They build Ponzi scheme on Cloud in particular Cloud mining.

There is a guide for newbies to avoid Cloud mining scam but it's sad to see the author account turns to be a scammer with a Ponzi too.
▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

A Cryptocurrency Generally is Very Much like a Ponzi Scheme. To Avoid Ponzi Schemes avoid:

1. HYIPs (Not all are meant to be Scams, but it hardly Works)

2. High ROI Promises, like 100% Back Every Day, or 100% per Week. Something like 24% Per Year is much more Workable. This goes with HYIPs.

That is the Main way to Avoid Ponzi Schemes.

Then, a Cryptocurrency as I said, is Often like a Ponzi Scheme. The Best way to Avoid this is to be Running a Blog, or Other Website, and using the Ad Revenue to Fund Your Currency. Any kind of E-Commerce Website, or any High Traffic Website with Ads could back it up. And then the Main one I talk about, there should be a PIZZA COIN and SANDWICH COIN, where You Mine and can use them at their USD Value to get 50% at Your Shop. That way it's not a Ponzi Scheme.

Those are Techniques to Avoid Joining, or maybe even accidentally Starting, a Ponzi Scheme.