This thread is a pure trap for promotion of cloud mining services and the story that you have made seems a made one to me. The reason I'm saying that is because if you were aware about Bitcoin when its value was around $5 then you would be a millionaire or a billionaire by now, and surely a millionaire or a billionaire shouldn't need to use a newbie account to create his/her posts on Bitcointalk.

I know that if we look at the price values that you have mentioned then it's possible for Bitcoin to reach $100k by the end of this year or at least when this bull run reaches its peaks, and I'm sure that Bitcoin will also reach $1M within 2 decades, but you could give those predictions without mentioning about cloud mining. However, you gave those predictions only because you wanted to promote your cloud mining scam company and that's why I find this thread as a pure trap.

I've done the reading and let me tell you OP, I would advise that you need to collect your thoughts because you're going on a tangent every sentence which leads to your opinion that bitcoin will lead to 1 million USD and I think that you could've easily explained all of that in a much shorter way. Now look at all the posts in your thread, the posts don't take you seriously which is really sad not to mention that you've mentioned cloud mining which we all should've known by now to be a scam and any way, shape or form you say it, you aren't going to excuse yourself that you think it's a legitimate services.

I Lost my Password


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.


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.


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".


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.



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.


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.

Because we are Talking about Ponzi Scheme and People want to Trash Cloud Mining even though there are some Good Cloud Mining Platforms. Here is the Best Thread on Bitcointalk about DeFi, You can get into DeFi:
https://bt.irlbtc.com/view/5296168.0

And that Thread also Covers Ponzi Schemes, and Frameworks for Smart Contracts to Earn Money. I always suggest People use an Altcoin THEY MADE to Buy Bitcoins, instead of using their Hard Earned Money just to HODL. HODL, but make sure You have Your Own Currency. Your Currency will go up when Bitcoin goes up, You just have to get on the Exchanges is the Hurdle.

I think 100k$ is not so hard but it will also take time may be till the end of this year or next year but hopefully it will become true very soon. 1M$ will takes so many years so it's not a matter of one or two year. May be some more halving will bring bitcoin to this value so we have to wait for years.

Actually everything needs time and without a proper timing achievement is not easy so you will be patience in order to face fruitful circumstances. Now bitcoin is 68k$ very near to 70k$ so 100k$ will achieved till the end of this year.

Another cycle or two??? Dude, try to be realistic. $100k will happen this cycle, but $1 million is very very far away. Assuming the four year cycle holds, which it probably won't by the time $1 million gets hit, $1 million probably absolute earliest is 12 years away, but more likely 16 years away, and very possibly 20 years away.


Some of ya'll need to learn about diminishing returns. Like notice how 2017 was 18x from previous cycle high, but 2021 was only 3.5x from 2017 high. From here on out 2x would be a good cycle, which means minimum 3 cycles, and likely 4, so as I said, 12 years perhaps possible, 16 years pretty decent chance.

I’m not sure why I said almost. Maybe just to give a little grace but you can’t tell me that you know someone who had access to their Bitcoin and they bought it when it was at $30 and has held it every single day till this day. I mean… they had access the whole time but never decided to trade it. Not even to trade it and buy back some other time. That’s impossible. Someone who buys at $30 and sees an opportunity to sell at $10,000. That’s a lot to say they wouldn’t. After watching it grow.

I don't trust cloud mining services because they are scams, mostly, it is also not possible to mine anything with laptops of home computers anymore in my opinion, and even if there are some tokens and coins that you can mine with a personal computer, they would probably need you to spend more money on electricity bills than you will get by selling those coins or tokens because they would be worthless and this mining process doesn't produce anything but losses for the individual.

Talking about the price of Bitcoin, most of us are optimistic that we will see it hitting at least $100k this bull run because it has changed the pattern a little bit by hitting a new all-time high before the halving event which means we have seen a wave of the bull run before the halving this time, and in the second wave, we expect to see it crossing $100k.

The people who didnt believe in bitcoin and who are jealous, they spread the word "bitcoin is dead". Everyone else may have been disappointed that the price was so low, but I dont think they stopped believing in bitcoin. And everyone who did that should now be happy that they were right and didnt give up.

I think also, yes it comes!

You can do it any way you want as long as you can get Bitcoin. There are many ways to get Bitcoin and the most important thing is that Bitcoin can be owned. From what you said I think people no longer have that kind of thinking in assessing Bitcoin because Bitcoin has no longer been proven to be an arbitrary asset that can be wasted.
The entry of large companies and most institutions as evidenced by the approval of ETFs increasingly proves that the pessimistic opinion towards Bitcoin is in the minds of people who don't know Bitcoin at all.

When I got my First DOGE it was here on Bitcointalk in a Thread where People said "POST YOUR WALLET AND GET FREE DOGE", these Threads are now not allowed because it Fills up the Forums with just Wallet Addresses which aren't Good for SEO, Storage Space, or any of that. And they were giving out like 50,000 and 100,000 at a Time.

Those are $0.20 Cents now. And what is it, 50,000 in a Block? If I had been Cloud Mining DOGE since then, I would be Rich.

And if You Cloud Mine a Good Coin, You can get those same kinds of Returns, that is just a Fact. I never thought DOGE would be 20 Cents when I was getting the Free 50,000. And that is just like You now. You're there now.