This is a most excellent place for technology news and articles.
Honestly, waking up and seeing my balance was the only thing that kept me from ending myself the day after the election.
So glad I invested when the price was at $20k and everyone was calling it a "scam". Good thing I didn't listen. Bitcoin literally saved my life.
Dude seek help, it's a Ponzi scheme. Sell and get out now.
You should probably seek professional help if market changes have this kind of effect
I highly doubt that "ending crypto crackdown" would mean guaranteeing safety for projects like Samourai or Localmonero. Or ending the relationship with Chainalysis.
Can you elaborate on these topics for someone not in the know?
Samourai was a Bitcoin wallet attempting to improve the currency's privacy. Its devs were arrested this year.
Localmonero was a platform where people could post listings for buying or selling Monero without KYC. There was also an identical sister site Agoradesk for Bitcoin. They abruptly shut down this year, probably afraid of similar prosecution (it happened pretty soon after the Samourai case).
Chainalysis is a company that US government works with, attempting to track and deanonymize crypto transactions. Recently a presentation of theirs leaked, disclosing some of their methods (which were very interesting for the Monero community in particular).
Thanks!
Chainalysis is a cryptocurrency/blockchain investigation software, I at least know that much.
Obligatory Line Goes Up video, although not exclusively about Bitcoin.
I do admit that early in Bitcoin's life, around 2013, i was a interested in Bitcoin as an alternative to banking, but the volatility and speculation alienated me from the community. Anyone buying BTC now for $90k, you need to realize this turned into a pyramid scheme and you're not at the top of it. You may be able to find someone who's more of a sucker to take the Bitcoin off your hand and make a profit, but it's not sustainable, someone has to loose. Any gains you make are probably less than 10% what the person made by selling it to you.
If you do end up speculating on crypto, don't invest more than you can afford to loose, and assume you'll loose it all. It's very likely you'll either get hacked/scammed, loose your wallet, leave your wallet in an online exchange who runs off with your keys, etc. You're on your own if that happens. If you do end up making any profit, it'll be a blessing and you'll be way happier than if you thought this would be your key to get rich, and you end up loosing it all.
The system where everybody loses is fiat money, because the money always loses value. Bitcoin is the opposite.
Lose
To be fair, the idea of "alternative to banking" is still very much alive. BTC and LTC are very much used as currencies, even though BTC has fees too high for small transactions. Monero was developed specifically with utility rather than investment in mind - now reading about how exactly anonymity is enforced there (especially after the Chainalysis leaks), it's pretty interesting. I kinda hope we invent something better than blockchain-based currencies that is equivalent in uncensorability, but right now it's the closest we got.
