Right now all coins are supposed to exist as long as Bitcoin network exists. But who knows if that will be the case in the future. Bitcoin is software, there's nothing truly permanent about it, because software can change. In Bitcoin changes that are incompatible with existing rules would cause a network split between old and new versions, but if majority of users supports some change, the smaller chain might eventually die.

I can imagine that in some distant future bitcoiners will decide to destroy coins that are inactive for too long to make Bitcoin even more deflationary. But the probability of this is very-very low.

Why would the price reach such high level this year? It's not a time for bull market yet, that would be year 2024 when the next halvening will happen. You can't just extrapolate the small bullish movement we had this year. Bitcoin goes up and down all the time. There's still going to be a lot of periods of small bullishness and small bearishness. But the overall trend is best described as stagnation - it's not a bull market yet, but also not a bear market already.

"Do your own research" is a phrase people say to waive any responsibility after giving financial advice. People who can do their own research don't need a reminder and probably don't read the type of posts that tell them to. And the rest just can't do it properly, and they might not even realize this and think that reading articles and social media posts from shills is research. That's how typical crypto investors end up buying shitcoins.

How can you know what the owner did with those coins? Maybe they just moved the coins to a new address. Maybe they will sell only a portion of the coins. Maybe they still own a lot more BTC in other addresses.
If someone sells coins, it doesn't mean they quit Bitcoin for good.

I personally sold a lot of BTC in the past, especially when the price was above $50k. And I won't regret it if the price will climb to $100k, because life is not going to wait. I'm going to always hold some BTC in case it goes to the moon, but I'm also going to sell portions of it as it goes higher and higher.

We are as far from artificial general intelligence as from interstellar traveling. These fancy neural networks aren't the beginning of general intelligence. They are just tools for solving narrow problems. And we don't even have a good idea how general intelligence works, how our brains work. So how can we recreate it even without understanding it? It's like building a nuclear reactor without knowing any laws of physics.

What do you mean by "deflationary"? When there's rapid inflation, everything that increases in value is "deflationary". But no one is going to buy chicken or eggs just because they are deflationary, like a speculative asset. They obviously require a lot of effort to store and have a limited life. They need to be consumed asap.

Anyway, the market and technology will solve this crisis, just like thousands of other market crisises where solved in the past.

I find nothing impressive about it. This "AI" just reads a lot of human-made posts and spits out some sort of average of them back at us when requested. If the consensus across the Internet was that Bitcoin is a scam, than this "AI" would tell that Bitcoin is a scam. There is zero original thinking involved. ChatGPT is about as impressive as a talking parrot.

This is the reality of using Bitcoin. Bitcoiners like to believe that governments can't stop Bitcoin because they themselves wouldn't quit if their government banned it, but an average person would very likely quit because to them it's just not worth the risk. If all governments in the world decided to ban Bitcoin like they once decided to ban drugs, Bitcoin would be just a currency of darknet markets and not a "financial revolution".

How is Bitcoin destroying any system? The days of cheap coins are gone now. If Bitcoin were to replace fiat money, the rich people would just transfer their fiat wealth to Bitcoin. Some of the OG hodlers who used to be poor or middle class would be elevated to millionaires, but that's it. And don't forget that most of the billionaires own assets - stocks, property and so on. That value is not changing if Bitcoin replaces fiat, it will be simply counted in Bitcoin.

yes it can


No one can say for sure. We know that in 2024 there will be halvening and in the past the bull markets started shortly after. Everything else is baseless speculation.


It's not going to be a 100% loss with Bitcoin, but in worst case it can be 80-90% loss. Can you afford to hold at a loss for years hoping for a bull market? Or will you at some point in the near future need those money? That's what you should be asking.

You can't become a succesful trader because there is no statistically proven method of trading that gives an edge over other methods. The most successful traders are the insiders and manipulators, but if you're not a manipulator with connections, you can't become one of them.

The idea that trading is some sort of art that can be mastered to generate constant profit is just a lie that exchanges have invented to lure more customers, because they profit from trading fees and are interested in more market activity.

Transaction volume is way higher than global GDP. Visa reported $10.4T in transaction volume and $13T in transaction + cash volume in 2020. Global GDP was $85.5T in 2020. And Visa is just one of the networks - there's also Mastercard, Swift, direct bank transfers, Chinese payment systems and so on. Even if you think logically, if a product costs $1,000 there will be a much higher transaction volume tied to this product - buying materials, paying salaries to workers, selling it multiple times until it reaches the final customers and so on. And then there are transactions that are not tied to GDP directly, like investing, p2p transfers, shadow economy.

This isn't the full context though. How much total value passes through banks and how much total value passes through Bitcoin? After answering that we can compare the relative share of illicit transactions in both networks.


CEX is part of the laundering (maybe unknowingly, maybe not). If a bank sees a deposit coming from a CEX, they won't be as suspicious as seeing the same deposit coming from DEX or via cash. I think the other destinations like gambling, mining, DeFi still later end up in CEX or DEX.

Pointless question without knowing cost of living in your region, your lifestyle preferences, family status and other needs. 0.1 BTC is nothing in the rich Western countries and a treasure in poor developing countries. 0.1 BTC is not enough if you have 10 children, but can sustain you for a long time if you are single and have no kids. Rent is usually one of the biggest points of spendings, so if you already have a house, you will need less money.

Because if you base all your actions on being prepared for a black swan, you won't achieve much. If you spend your money prepping for an apocalypse, you miss out an opportunity to enjoy life. If you don't buy Bitcoin because you are afraid of it crashing by 50% in a few hours, you miss out on opportunity to profit from a halvening cycle. If you are afraid of rapid economic collapse and hoard gold, you miss out on profits from stocks or real estate.

In my view getting prepared for a black swan event is a premium option, since it's a lot probability event, you should dedicate only a small portion of your portfolio to it. And if your portfolio is small, it's kinda pointless to do it at all.

Those movements have thousand-year long tradition of meeting in person.


Bitcoiners don't like meeting in real life because they don't want to reveal their identity and personal information and become robbed. Bitcoiners are a good target for thieves, because they have a lot of money, stolen Bitcoins almost never get returned and it leaves little financial trace.

The most important part of ranking up is having knowledge. Writing skill is important to present your knowledge, and with poor writing your knowledge might just get ignored because it's hard to understand. So work on improving your writing skills and learning about the many aspects of Bitcoin. And you also need to form your own opinion, because simply repeating some simple ideas of others won't get you far. You need to be original.

Bitcoin is 14 years old, that's enough time to show some results. How much adoption did other inventions get in similar timeframe?


If Bitcoin needs in-person convincing, it's a sign that it's having problems with adoption. People didn't preach adoption of TikTok or Facebook or the Internet to their friends, those things grew on their own. But Bitcoiners are acting like Jehovah's witness, with similar success.

Bitcoin is mostly getting popular because of bull markets that offer a promise of getting rich quick. Without them few people would care about it.

CEX vs DEX is the same competition as Bitcoin vs fiat/banks. Most people are using whichever is all-around best for them. Which is CEX and fiat/banks. Some people have different priorities so DEX and Bitcoin works for them.

Traders want to be able to do many trades per day instantly and with low fees. If DEX requires onchain + bank transaction for each trade, it's going to take a lot of time and have high fees. Most people who are into crypto are only interested in making profits, not getting off the grid.

How so? What design choices would have been different if Bitcoin was more of a real life electronic payment method? 1 minute confirmation time? I think Satoshi had other reasons to choose 10 minutes, like ensuring stability of the network.

Electronic money is both the money of the Internet and the money for real life spending because physical commerce is digitalized, so Bitcoin shouldn't try to focus only on the Internet.