# The Rise and Fall in Bitcoin Value **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 18, 2022, 1:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290 "2022-01-18T13:41:44Z")\ **Posts on this page:** 20\ **Page:** 18
**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\ **Post date:** [April 11, 2022, 10:54pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/341 "2022-04-11T22:54:56Z")
Money won’t make him happy. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [April 12, 2022, 6:08am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/342 "2022-04-12T06:08:25Z")
> [@Aaron](#): > > Well what are your thoughts on approx 6 million BTC being lost forever? Do you have any further thoughts on how it could be avoided? or is this something that is unavoidable and sure to happen? People lose money to banks (Greece? Canada? Russia?), people lose crypto on exchanges (Mt Gox?), people lose money to bad monetry policy (monetary base expansion), people lose their wallets of cash all the time. Use N of M multi sig wallets with multiple keys and use an encrypted key manager. Crypto made it even easier with seed phrases and hierarchical deterministic key generation. You can also store it on paper wallets. UX for crypto is getting easier. It is unavoidable, but mitigatable. At least you will only have yourself to blame, nobody else. That’s important, people are too used to depending upon and blaming others. Bitcoin was created to break out of that dependency and broken trust. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 12, 2022, 2:46pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/343 "2022-04-12T14:46:28Z")
> [@Aaron](#): > > I feel so sorry for this guy, he threw away his hard drive containing the BTC in the trash by accident and has been looking through a rubbish dump for a good year or more now. It should also be noted that a lot has changes since this guy had a wallet. It used to be the case that you just had a wallet.dat file, maybe saved with a password on your disk. Then you needed to backup that somehow, and people are really bad at that. Today you have hierarchical deterministic wallets, where you have a seed phrase of 12 or 24 words with which you can completely restore the wallet. It’s super easy to backup this on a piece of paper or edge it into metal. And every wallet software will ask you to do this if you generate the wallet. And now that we have Taproot we can create arbitrary complex spending conditions and add backup keys that can only be used after a certain time etc. without making the spending more expensive. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [April 20, 2022, 10:32am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/344 "2022-04-20T10:32:37Z")
The BTC price has been remarkably stable since the beginning of the year which will make investors more confident. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 20, 2022, 7:30pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/345 "2022-04-20T19:30:11Z")
Yeah it’s a stablecoin now. But there is so much outflow from exchanges that there is the real possibility of a supply shock soon. ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [April 20, 2022, 7:42pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/346 "2022-04-20T19:42:41Z")
CBDC will likely have built in capital controls 😏 #notyourmoney and it’s their _liability_ ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 22, 2022, 3:08pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/347 "2022-04-22T15:08:30Z")
![bitcoin_ceo](https://global.discourse-cdn.com/eveonline/original/4X/5/3/8/538d7cffe89738576ddb6efba25a79ed029ca5dc.jpeg) ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [April 22, 2022, 3:38pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/348 "2022-04-22T15:38:21Z")
> [@Aaron](#): > > I feel so sorry for this guy, he threw away his hard drive containing the BTC in the trash by accident and has been looking through a rubbish dump for a good year or more now. I really hope he find it for the benefit of himself and the world. Bonkers. He will get nothing. Time to get on with life and stop caring about some trash that nobody knows where is or even if it have any kind of data on it still. If it would be me, I would make sure to punch holes in failed hard drives. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 23, 2022, 2:04pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/349 "2022-04-23T14:04:13Z")
> [@Nana\_Skalski](#): > > If it would be me, I would make sure to punch holes in failed hard drives. That’s not enough. Harddisks are notoriously hard to destroy in a way to make sure no one with enough time and motivation can actually recover data from it. Best thing you can do is to always encrypt the whole disk so in case it fails you don’t have that problem ---
**Author:** ![Emotional\_Support\_Clown](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/emotional_support_clown/32/310422_2.png) [@Emotional\_Support\_Clown](https://forums.eveonline.com/u/Emotional_Support_Clown)\ **Post date:** [April 23, 2022, 2:06pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/350 "2022-04-23T14:06:23Z")
> [@Karak\_Terrel](#): > > There is still a chance it could be recovered. Not if you get Chuck Norris or Mike Tyson to do it. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 23, 2022, 2:08pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/351 "2022-04-23T14:08:21Z")
Well the question is, can Chuck Norris destroy a disk in a way that makes it impossible for even Chuck Norris to recover the data. It’s a deep theological problem ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [April 24, 2022, 11:08am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/352 "2022-04-24T11:08:04Z")
You just need enough holes in it. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [April 27, 2022, 2:44am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/353 "2022-04-27T02:44:32Z")
Indeed, once the physical storage medium is badly damaged data is impossible to recover ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [April 27, 2022, 7:08am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/354 "2022-04-27T07:08:58Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/a/6/4/a6446f952ebec46bea3da429efc6585ecf5f362d.jpeg "Crypto CEO Accidentally Describes Ponzi Scheme") ](https://www.youtube.com/watch?v=C6nAxiym9oc) 😃 [https://www.bloomberg.com/news/features/2022-04-03/sam-bankman-fried-ftx-s-crypto-billionaire-who-wants-to-give-his-fortune-away](https://www.bloomberg.com/news/features/2022-04-03/sam-bankman-fried-ftx-s-crypto-billionaire-who-wants-to-give-his-fortune-away) Well, apparently if he’s robin hood, Bitcoin owners are the evil rich? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 27, 2022, 10:25am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/355 "2022-04-27T10:25:46Z")
Oh dear! It’s all a scam! ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [April 27, 2022, 2:48pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/356 "2022-04-27T14:48:09Z")
Shoooosh… 🤫 Else they will not get their lambos. ---
**Author:** ![Ian\_Morbius](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/ian_morbius/32/476592_2.png) [@Ian\_Morbius](https://forums.eveonline.com/u/Ian_Morbius)\ **Post date:** [April 27, 2022, 6:20pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/357 "2022-04-27T18:20:21Z")
It’s 46 minutes of a lawyer taking abou NFTs. Going to need more coffee for this one. :coffeeparrot: 2022.04.27 [![](https://global.discourse-cdn.com/eveonline/original/4X/e/9/c/e9c69a2226dc687231ff1e7d4dcc78fa750b7899.jpeg "NFTs Are Legally Problematic ft. Steve Mould & Coffeezilla") ](https://www.youtube.com/watch?v=C6aeL83z_9Y) ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [April 27, 2022, 6:56pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/358 "2022-04-27T18:56:28Z")
That, or they have issues explaining their business. Or a little of both. 😛 ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [April 28, 2022, 6:55am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/359 "2022-04-28T06:55:26Z")
Oh no, it’s really all a scam or just super dumb. It has all nothing to do with Bitcoin though. ---
**Author:** ![Mina\_Zealot](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/mina_zealot/32/305585_2.png) [@Mina\_Zealot](https://forums.eveonline.com/u/Mina_Zealot)\ **Post date:** [April 28, 2022, 9:15am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/360 "2022-04-28T09:15:16Z")
> [@Karak\_Terrel](#): > > It has all nothing to do with Bitcoin though. True. This thread isn’t about the scam known as ‘NFT’ it’s just about Bitcoin and how volitile it can be in its value. Thank you to all who posted constructively. [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=17) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=19)