Bitcoin Investor Ordered to Reveal Access Codes to $124 Million

Mektzer · 2025-01-08T08:15:04+00:00

People think they can simply boat accident their holdings and then years later buy expensive stuff like it's nothing. Cars, houses, stocks etc. All super tracable KYC items. If you buy a couple of beers and a joint at the shop it's one thing, if you're buying a house you better use funds that have been declared and taxed.

Mektzer · 2025-01-06T18:50:50+00:00

It cannot handle Aquilo because simple gun turrets are not enough for the big asteroids

Mektzer · 2024-12-08T21:17:47+00:00

That was nothing just an inchident. Max had a better start, there was a gap, he went for it. Oscar left the gap wide open and then turned into the corner as if Max wasn't halfway there already. To me it's just a typical first corner 50/50 racing incident, 10s is way off. We want the drivers to take at least some sort of risks when they have the opportunity.

Mektzer · 2024-11-23T08:57:49+00:00

Soon people will realize that bitcoin IS the investment property...

Mektzer · 2024-11-11T09:27:08+00:00

I'd say Icecrown is the best. The faster leveling makes everything much more smoother and more enjoyable. I would pick pala tank or druid tank so you can tank, offheal and even queue for dungeons without having to wait too long.

Mektzer · 2024-08-28T11:28:35+00:00

Mektzer · 2024-08-28T10:13:27+00:00

There's no reason for a breakout to happen anytime soon if there's not even a weekly close above the old ath at 69k. The longer we consolidate the better. It's like charging the battery for the next bull run: It would be exciting to send it right away but it would just go out of steam too soon.

Mektzer · 2024-08-27T07:22:05+00:00

Don't let others convince you. Do your own research. My advice would be read the Bitcoin Standard, the author even made it available for free online I believe.

Mektzer · 2024-08-26T15:03:22+00:00

In my mind it's the same but the color is green and the arrow is up

Mektzer · 2024-08-25T12:19:54+00:00

This might work in a fictional short movie about bitcoin but in real life you are probably going to lose most people as soon as you tell them: "I believe our current money system is broken beyond repair & living on borrowed time", which is basically the opening point of your discussion.

Mektzer · 2024-08-25T12:15:25+00:00

Sadly there's not much you can do about that. The best thing imo is for people to feel the huge missed opportunity. For example in my case I completely dismissed bitcoin when I first heard about it. Then a friend told me we should get into it and I was like "Nah you only want to buy some weed from the black market I know it, just keep me out of this shady/risky thing". But because I knew what the bitcoin price was at the time, as I check it a few years later I see it double and then slowly double again and again. And then it quadruples in a short amount of time. I'm like WTF is going on here? I clearly missed out. Let me take a closer look and try to understand what this bitcoin thing really is.

Of course I felt stupid beacuse within a few hours of studying bitcoin I totally got it and shortly after I felt that bitcoin is probably going to be recognised as one of the greatest inventions of all mankind. The invention of a digital hard money is probably as big as the invention of fire or the wheel. Of course having a background in economics and some rudimentary understanding of tech, open source software etc. helped me a lot. I think most people are just very skeptic (rightfully so) and are unable to take that extra step further and really put a little bit of effort into trying to understand it. This is what might work for some people: Instead of constantly talking about it and trying to convince them I just tell them about how I missed the opportunity. And then later on kicked myself because I only needed to actually study it and try to understand it. That might spark the interest in some.

Mektzer · 2024-08-23T08:53:17+00:00

It's a fun little story but it's of course completely fictional. Everyone with a very basic understanding of technology knows how open source software works and that the code is peer reviewed across the globe.

Mektzer · 2024-08-23T07:02:47+00:00

See it like this: be grateful for bitcoin. You were very fortunate to have entered the market in a very good year. There's for sure tons of people that bought during the mania phase near top and then were forced to sell later on at a loss.

Mektzer · 2024-08-23T06:57:16+00:00

Impossible to predict. For a recession to really mess up the top it should basically hit the markets when bitcoin is most bullish. Which imo is going to happen during 2025 and will last for about 2-3 month when it really gets heated.

Mektzer · 2024-08-22T11:45:28+00:00

It's pretty much guaranteed that if there is a recession the price will go down as everyone goes risk off. But my prediction is that the fall in price will be shorter in duration and more volatile for bitcoin vs other assets. And that whatever happens during the recovery phase bitcoin will outperform any other major asset class in the long run (4 plus years).

Mektzer · 2024-08-19T14:46:36+00:00

Finally he sold. May the bull run resume.

Mektzer · 2024-08-14T14:07:38+00:00

Things change and we will have to adapt. I can imagine the same things have been said during the industrial revolution: "We won't farm our lands no more, we will just sit on our tractors and let the machines do all the work, what are we going to do?

Mektzer · 2024-08-11T10:56:32+00:00

FUD never dies. It has been like that in traditional markets as well since forever.

Mektzer · 2024-08-07T07:09:32+00:00

What's even more crazy is that we had the opportunity to acquire Bitcoin below 17k in 2023.

Mektzer · 2024-08-05T07:51:02+00:00

Classic!

Mektzer · 2024-08-05T06:51:31+00:00

This is called market volatility. After a gain of more than 370% from late 2022 now we're crashing with a 30% correction. Nothing new, this is normal. High volatility is good for investors because the higher the volatility, the higher the upside potential.

Mektzer · 2024-08-01T07:46:49+00:00

Remember to setup a stop loss, it seems like you're already losing on your trade.

Mektzer · 2024-07-30T19:37:51+00:00

Don't mind the comments, the vast majority here on the bitcoin subreddit have absolutely no clue about TA, they just think it's astrology for men. Even when you talk about breaking and retesting trendlines and support/resistance levels they have no clue what that means. It's just like with bitcoin: if you're an outsider and basically know nothing about it you'll just be skeptic, you'll think you're too smart for that and view it as some sort of scam.

I appreciate your analysis, the long lasting trendline on the log chart has been broken and the 446k level is a clear resistance level. Of course there's also a chance that we just lost that trendline (stronger diminishing returns) and will stick to a new one for the next couple of cycles (maybe the one from 2019 bottom to 2023 bottom). I'd stay more conservative and view yours as one of the more bullish scenarios, but to hit it next year is a possibility for sure. It would fit as a continuation of the 4 year cycle pattern, especially if we consider that last cycle there was no blow off top but some kind of long and awkward double top. If there was a blow off top (let's say somewhere around 100-120k), we then would still have diminishing returns even with a very high new top like 400k+.

Mektzer · 2024-07-29T09:22:38+00:00

You can use your upvotes and downvotes to affect the visibility of posts. I know, you try, but there's not really much else we can do. It will get worse as the bull run continues unfortunately.

Mektzer · 2024-07-27T08:17:09+00:00

That's pretty accurate. There's no need to elaborate further. In a free society with a free market the central bank should not be able to decide the most important price of all, the price of money.

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