Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin  will recover from that tesla did.

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

The Bitcoin boom that took place in 2017 which lasted to early 2018, if it Market has not crashed then, indeed  Bitcoin would have made lots of young millionaires than what we have today.

The beneficiaries of this current boom are mostly the rich!

Am using myself and that of my friends as a case of study.
In year 2015 we were schooling then, and there was no money for us to invest, we wanted to invest in bitcoin for future purpose, we saw the potentials of bitcoin and what it outcome will be in years to come, I remembered selling my TV and some other household items, and my friend also selling his musical instruments to invest in bitcoin. We were happy doing this because we believe in the future.

In 2017 during the first bullrun, we couldn't sell any of our assets because we were still schooling, the primary purpose of our investment was to have something to live on after our education, but fortunately the market crashed before we could graduate.

And after our graduation from school we couldn't help it, we needed to start a new life, hence selling our assets were the only option.

It hurts these days seeing the price of Bitcoin going higher and higher.....
Sometimes I just look out for what to put the blame on, If I should put it on the government, because if there was job available after our education we wouldn't have sold our assets, or if I should put the blame on heritage. of course if we had come from a wealthy background, we would have be rich and there won't have been any need for selling our assets, rather we would have bought more.

Something it looks frustrating, and I know am not the only one that has had this experience.

I will like appreciate if you can share your experience so far here with us.!

Cryptocurrency industry is an industry like other industries that need caution from the players. It was yesterday, one of the members of a WhatsApp group i belong made series of comment, and in all his posts he said Bitcoin is a ponzi Schem, people doing btc are thieves.

Well, as a crypto expert (to an extent) i knew what has happened to him and i needed to educate him on what he should know about bitcon. I asked him what was his basis for this kind of derogatory comments, he said i should never mind, i later gathered that he gave his money to another person to invest in crypto and the person screwed him.

I tried to explain and educate him with the following;

1. How to invest in bitcoin.
2. the importance of trading or investing yourself.
3. why Holding and Timing are very important.
4. why it is scary to entrust your cash into someone.
5. Why knowledge is one of the most important tool you need in this industry.

He later admitted that he made a mistake.

If you were in my shoe, what would you've told a person that says bitcoin is a ponzi scheme created to scam people?

Hi,
I was browsing about 50 pages here https://www.blockchain.com/prices?page=50 then I gave up and googled it...there are more than 2000 cryptocurrencies!
Why?
The fiat tends to reduce thanks to EUR, what's the purpose of so many cryptos?

thanks

Because in the past few weeks, the price situation has started to improve, so I prepared a good strategy so as not to make the wrong investment ..
I like having eth, how about you ,friends?

Feel free to give your opinion ...

My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌

Should we all not have our own coin?

@VitalikButerin has eth
@rogerkver has bch
@chaumdotcom has xx
@SatoshiLite has ltc
@adam3us has btc

and 8000 others have their own coin.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

Hello Folks,

I was listening to a Bitcoin podcast the other day and the speaker mentioned that one person had written to him asking for advice - his wife had heard about Bitcoin in the mainstream media and the price rise and was pressuring him to cash it all out immediately or she would leave him.

I don't know how that particular fellow ended up but it got me thinking - for those of us with partners who are not into Bitcoin, have you ever had pressure put on you to sell it up and are they even aware of how much BTC you are actually holding?

There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?

It certainly raises an interesting point.

Thoughts?