The list of things that help me to be more often in a good mood:

1. Read less news
2. Often walks in a park
3. Time limits for social media
4. Good and health sleep

Simple stuff, but really effective.

According to my experience I can say, that every cycle is unique. Yes, history may help you to understand the general behaviour of the market during different phases of bear market or bull market, but always small details, some nuances bring new unexpected factors which might change price movements and trend significantly.  

Going back to the black swans. I think that COVID had bigger impact on the global economy, and as a result on the market, than FTX crash, but now situation is even better for black swans, because we have many variables like, war in Israel, war in Ukraine, bad economic conditions in top countries etc. Therefore significant changes in those things might have huge impact on the market, or we even might see new conflict, new pandemic etc, loads of space for black swans. I believe that we didn't see the bottom of the market and it's too early for the bull market, but probably closer to 2025 things will go better. Just my opinion. But I am glad to be wrong and see new ATH

The key for success is absence of radicalism and unhealthy enthusiasm. Investor thinks about wealth in general, keep wealth in long term helps diversification, what means that investments should be done in different industries, in different currencies, with different APY. Therefore, I would consider option of investing in crypto (by using USD as currency which will be used to calculate profits), add to this investments in precious metals, investments in different strong currencies (USD, EUR, CHF etc.) plus investments in stock market (to have a share of real businesses). Keeping all money (better say income) in fiat or in crypto - is stupid. Everything needs balance. My opinion.

P.S. Also is important to teach yourself to respect fiat in someway, because keeping part of income in high liquid and mass-adopted tool (currency) is very imported to be able to exist, because not always assets can be turned into the cash to pay for goods and services. Plus no one wants to sell good assets during bear market to cover the costs.  

Hello, mate. First of all, ignore all crypto experts and gurus, no one knows what is going to be in the future. Usually such experts say what people want to hear, when market goes down they shout "sell it, it will continue going down" but when market grows they shout "Bitcoin is a future, buy it!". So don't waste your time and nerves on watching stupid "experts". Secondly, it's not late to invest, at least because price recently and now is below the all time high, if you follow DCA strategy (you may google what it s) you have all chances to buy bitcoin with a good average price per coin.

P.S. About current price of Bitcoin (34,630$ per coin) it is on the local top (I assume) therefore if you want to join the market, don't spend to much now, leave more money to buy it after the correction of the price. But don't try to catch the dip, it's impossible, always leave some money for an extra dump. And again - DCA is the best way to collect bitcoin for future with a good average price per [Suspicious link removed]d luck!

It's not only about crypto. Everyone should clearly understand, if you shout about your wealth, always flex your money - one day you might have huge problems. Because people with bad motives are not sleeping, they constantly monitor rich and heady guys, and after do whatever they want to reach seed phrase etc. My recommendation is still actual, work on your finance, invest, become richer and richer, but don't tell it to others, don't run own pages in social media with rich life. Otherwise, one day you might lose all your wealth or even worse - you may lose your life. Money loves silence. FACT.

I see, it's quite interesting to learn about such nuances in different countries. In your case it definitely makes sense. Also I liked your point about land, for some reason I forgot to mention it in my answer. Anyway, I agree with you, that except some hard work related to the house, you also have some significant advantages.

I agree with the main idea of your post - risk is key point to life change. But it's also important to clearly understand, when risk has place to be and when it's bad decision to take a risk. I would say, that if you are a young guy, don't have wife, children and any huge responsibilities, it's 100% worth to take a risk - run your own startup, do investing/trading but even in that option it's important to have a sober mind and avoid extremely stupid decisions with a priory bad risk-reward ratio. By saying risk-reward ration I mean ratio between how much you put in something and how much you can gain in case of success.

P.S. Even if you are not a young dude, it's still makes sense to try take a risk, probably with the age it becomes harder, but if you have an understanding why are you doing that, you may find it easier to start.

Good luck to anyone, who is making important decisions in a life, I am sure that you will succeed! 

Definitely YouTube. First of all, because YouTube has many and many useful videos, while Tik Tok is more app for fun. Yes, TikTok may have some good channels which are about science, tech etc., but even such kind of channels is affected by short format videos, which simply don't provide opportunity to reveal fully the theme. I read some articles about dopamine which we gain through the scrolling of our feed - it's crazy, modern social media destroys us, it makes people lazier and quick dopamine kills motivation and desire to reach something. So, I am sure, that long useful videos on YouTube are better than memes in Tik Tok.

P.S. I don't mean that you need to quit watching memes or funny videos, but I really believe that people should decrease amount of time that they spend on it. In nowadays I see that short videos negatively affect society. If we speak about new crypto guys, we can see how lazy they are, they want to receive everything fastly, without putting any effort in it, what is wrong and impossible. Because if you want to become good in something, you must be ready to spend long hours, ask questions and step by step go into the direction of your goal. However, loads of people just want to find the button "MONEY" and press it.

P.S.S. And as practice shows, I am not alone who sees this bad effect of short videos on productivity, mental health, career etc.

I'm not a big fan of watching movies, films etc. But a few days ago I've watched film which is called "Trust no one. The hunt for the crypto king". It was quite good one, I enjoyed watching it, but I would not give this film more than 7/10, All in all it's okay, you will not say that spent time was wasted, but it wasn't something legendary

P.S. By the way, good theme "What is the last movie you watched", because I am a bit lazy to spend some time to google the best movies + top-10/20/50 are usually bad, so will take into account answers of the members of the forum.

I think that Bitcoin is for everyone a different thing. You may consider Bitcoin as a payment method/system/ecosystem, but (for example) I don't consider Bitcoin as A Peer-to-Peer Electronic Cash System because it has huge disadvantages as a currency for everyday payments, starting from the costs of the payments, finishing the time it takes to receive your coins. I believe that we are going to have another coin/token that will be used as a payment method for every day transactions. For me Bitcoin is a new gold, but it is limited (gold is not limited), Bitcoin is limpid, it does not require any extra expenses to store it and Bitcoin is possible to hold by yourself, without keeping it in the bank or other storing place. And yes, it's just very stupid to spend Bitcoins on the food, basic goods etc. because no one with a sobriety of the mind will spend limited, unique asset, which may significantly increase in the value after mass adoption of crypto assets, on the daily expenses. It's just my viewpoint, I know that here are many of Bitcoin anarchists, who believe in the future of BTC like a substitute of USD, but it's crazy (in my eyes), because you are literally comparing digital gold with a dollar (I recommend to read why people went out from the using gold backed money to the money which is not backed by the gold). But life shows that sometimes even crazy ideas might be right, therefore let's just wait and see by our own what is going to be in the future.

I think Bitcoin will be regulated by the government. Yes, government probably will not have full control over the bitcoin, but it will find some levers of pressure to fight against terrorism, drug dealing etc. I even let myself to assume, that government successfully does it right now. Big exchanges, big DeFi projects work with the government to stop illegal actions and I can't say that it's bad. Just my thoughts, maybe I'm wrong, maybe I'm right.

Well... When you lease your house to someone, quite often people who rent it might treat it badly. I know people, who owns a couple of houses/flats and lease them, and I was very shocked when heard from them, that they regret about investing capital into living houses. Loads of people who rent houses after they moved leave after themselves many work to do, starting from repairing basic goods in the house, finishing buying new beds, sofas, cutlery, tables etc. You may say "Sue them!", but remember that it also costs money, time, nerves, therefore it's often cheaper to buy new things into the house or repair something. And as you see, option with a house has many indirect costs, which definitely are much worse than benefits. Therefore, I believe that investments into real estate makes sense only when you buy buildings which can be leased to the businesses, because as guys has told me, businesses pay more for the rent, make renovation by their own and clearly understand that in case if they damage the building they will pay for it. But I understand your view point, it still makes sense.  

15 years... just think about this number... 15. How many difficulties Bitcoin has went through, how many people changed their lifes in better way. I hope story will carry on and we will see more good consequences of BTC existence. Satoshi did probably the most important contribution to society in 21 century.

I choose option C "$480,000 in BTC"

Now let me explain why. Option-A is bad because you lock a huge money for 8 years, during this period of time real value of each $1 goes down (due to the inflation). Therefore, as a result, after 8 years I will have less purchasing power with $480k. Option-B is similar to A, you receive fiat, in each country process of getting money differs, but it doesn't change the main point, except the tax on the win you also may receive some extra attention from the media, because of the win in the lottery, what is not good for obvious reasons. Option-D also has many drawbacks, in some countries after you have sold the house you need to pay the taxes on the money that you got, and the most important - your house might cost $480k because of the bullish housing market, but when situation returns back to normal, you may loose XX% of the house value + it takes time to sell house for a good, fair price. Therefore, as you see, here is loads of work to do before you get your money. Option-E is also bad, because there is no specific info about type of business, explanation of reasons why business worth $480k, maybe it's due to raw materials that it has, which might be not liquid enough to sell them and get cash. Also business requires good management experience in the industry in which business operates (possibly you get the restaurant business, but you do not have any experience in that field and here appears a big chance of ruining the business and therefore any another option from the list makes much more sense). Option-F with the gold is also not the best, but probably second I would choose. Gold is established asset with high liquidity, but it requires some expenses related to storing it somewhere (in the bank for example), therefore you need to choose what to do. First option is to sell it, quickly get the money and start thinking what to do with it. Second option continue storing it, but with expenses, which you will not have if you choose to hold Bitcoin. That's it, I think. My option-C gives huge range of choice, you may quickly sell some/all BTC and get your dollars (by the way, you can even cash out anonymously what is difficult to do with house, gold, lottery etc.), you also may continue holding it without any expenses related to its storing. So for me option-C is definitely the best.

I would say that you can state that you are rich (in my eyes), when you don't think about everything from money perspective. Financially established people live their life, pay the bills, travel, spend time with the family and don't worry about costs which are related to those activities. Yes, rich people always want to have more money, but it's kind of "sport interest", when you make money just to be better than your next rival, but in general new income will nit significantly change your life. I guess, if your capital can cover 100 years of good existence of your family members and yourself - you are rich. By saying good life, I mean that you have solved all moments for yourself and family with housing, healthcare, travelling, education, own business which gives passive income and can be passed to children or someone else + reserves for a dark days (here I can't tell how huge reserves must be, but even $XX XXX is better than nothing).

Thanks, mate, for your answer. Yes, as I see here were discussed so many times topics like that one (that I have created). I am new in that forum, will be more attentive next time with creating new themes here. Since I am here, I just enjoy reading someone's stories and also like sharing some info that I gained from my crypto path. Maybe I was a bit too much overexcited when I was creating new theme that basically is absolutely not unique Anyway, right now I will go to link that other people have posted and will read more about rules of forum and other basic info posts! See you!

Thank you, mate! I am really new in this forum, so you are absolutely right! Will take your recommendations into account!

I used to actively trade perpetual futures on Bitcoin and alts, but after a few years I saw that they don't give huge positive difference comparing to spot. So I switched fully from futures to spot, and now trade on futures only when I'm sure that it's a good time for a short position or when I feel that leverage x2-x3 is okay to use because of some circumstances. But in general - futures is place where 99% of people lose and only 1% makes money in the long term. I definitely prefer spot and tell everyone to use it. Because in my opinion every derivatives trader finishes with one scenario - loosing gained money and even more, just on one unlucky trade, which he can't close because of greediness or other unpredictable situations. This is only my thoughts, you may agree or disagree, but I still think that spot in the best option for long term financial success.

When did you first learn about Bitcoin and when did you first buy it?


Hello! As you know, bitcoin and crypto industry becomes more and more popular across the world. Many of new people enter the market and try to become part of it. I think it might be an interesting idea to share your story about how you found out that Bitcoin exists and it worth buying it. Everyone's story is unique, some people became part of Bitcoin movement since it was created, some joined it later. So I offer to join me and tell us your case.

My answer: I first time heard about bitcoin in December 2018 before New Year, when I was hanging out with a guy, who was a programmer. He helped me with solving some PC issues that I had and by the way told me about BTC and what it is. Firstly, I thought that Bitcoin is new HYIP but probably with better economics, however after I have read a few articles about it and tried Bitcoin on my own, I understood that it can be really revolutionary thing. After a few weeks I have put some of my savings in Bitcoin and straight after that I saw that exchanges also have other coins. On the spare change I bought some XRP tokens, which with bitcoin I have sent to my wallet. When I saw that my investments made a profit, I started doing more researches about crypto, blockchain, bitcoin and trading. Then I invested more in crypto and created a habit - putting some money in it each month. In 2023 I am still a crypto guy, who enjoys holding bitcoin and trading it. In 2022 I started my new startup, which is related to crypto industry (useful tool for managing portfolio, tracking investments and their productivity, but I will tell more about it later, right now my team and I continue work). SO, good time for a conclusion. First time I heard about Bitcoin in 2018, first time bought it in 2019. Crypto gave me a huge motivation to start reading more about finance, economics, investments and pushed me to the opening of my new startup. Hopefully, this story will continue and will have a good final!

Looking forward to your stories, dear crypto friends!

Trading is the same skill as drawing, coding, designing etc. So answer will be next - everyone is unique. Someone needs X time to become good, while another person might need 2X time. Going back to the trading. It took me around 2 month to become a bit more confident about my trading skills and what I do, after 3-4 month I completely lost feeling of "wow, I am wolf of wall street" and it was the most important moment, because trading requires "cool head" and less emotions help to make rational and logical actions. However, my experience may differ from someone's else. I have a few trading mates who had fully another path. One guy spent around half of the year to become confident in his understanding of exchange, strategies etc. Second guy was quicker than me, he went through stages that I mentioned above twice quicker. The most important is simply start, after you will gain experience and that's it (P.S. when you start your trading journey, I recommend to allocate small % of your savings to practise and add more after you get some practical experience and positive results). The hardest thing to learn was discipline and emotional control. But practice-practice and again practice helps to become better in your field. Hopefully my answer helped you, if you have any questions and think that I might be useful to you - feel free to ask me! Good luck, mate!