If we, bitcoiners, would have asked this question we probably would have never been here in the first place. cr1776 is right on every point analyzed. The guy was probably asked to speak his own mind on the matter without being much knowledgeable on it.
I personally sustained huge bitcoin drops during the years and I'm still here! 

Where do you think the printed money goes? It certainly doesn't go in my pockets, let alone in yours.
https://fred.stlouisfed.org/series/CURRCIR
https://tradingeconomics.com/united-states/money-supply-m0
Yes, it's logical to me: the more they print the more they sustain the crippling economy.
You're right on one thing though: where the heck is inflation?

Only now I have seen this. Sorry man, this thread is moving too fast for me lately.
Get well soon!

1 BTC is only a number. If you have been lucky enough to reach that glorious threshold, then good for you! If you don't, avoid getting haunted by the fact that having a full coin today is rather out of reach for the majority of people! Keep stacking sats, if you can, and always have the long-term in mind.

If you guys are uncomfortable regarding where the price is now just place your stop-loss orders and be content. You have all the possible parachutes at your disposal, use them and stop complaining about something which has not happened (at least yet!).
Take some profit home and live with it.

Moon is as Moon does.
Heard Forrest Gump saying that once.

I had a few hundred dollars on bittrex but they asked for SoF, KYC documentation etc. which I am never going to undergo. The good thing is I went out of it before it was too late and I am not planing of going back. They can keep my coins, it's done now.

Like figmentofmyass already explained, I think they can sustain whatever price levels they want. Before the covid19 crash that happened in March, wall street was in a bubble too and it popped. Nonetheless, here it is at those prices again without any actual link to what's happening in the economy.
Maybe bitcoin price is going up to a certain point and then it will magically pop because of some unforeseen (or carefully planned) black swan.
I have 100% confidence in bitcoin as an asset and as a technology but I don't trust what drives the market right now.

I am astonished, I couldn't believe bitcoin could have caused so much trouble. I feel for you guys but try to raise your heads again.
I lost many bitcoins over the years and now I have way less than I could have had but that's okay, life goes on.
Money is important but there are things that are totally priceless. Focus on those.
I wish you all the best.

Everyone's waiting for Barcelona to sell Lionel Messi; let the poor guy find some new stimuli in a different team, environment and country! I would really like to see him playing with a smile again as he was doing here
https://www.youtube.com/watch?v=Jlj5F5KNMXw

I don't know if it has been said or not but unless you are a rich guy with loads of connection you will not be allowed to get the vaccine you want.
"I had the vaccine a few days ago. I don't know if it will work, but I've heard good things about the Russian vaccine." These are the words of the American director Oliver Stone, 74, to the Russian broadcaster Channel 1.
https://www.euronews.com/2020/12/16/coronavirus-us-movie-director-oliver-stone-says-he-has-taken-russia-s-sputnik-v-vaccine

Bitcoin is slowly becoming an asset accepted by institutional investors as a long-term investment and I think we should focus on the long-term.
It's not like the 2017 frenzy when the retail world was running the show. Now we are at war with a financial world that has much more money and power than us, so hold your coins tight. This is just the beginning.

quoted for reference

It seems so easy to get, yet many fail to understand these basic principles. Bitcoin, as an asset, can't be any different from any other asset class we are familiar with.
The biggest difference, la raison d'etre, is all that powers its mechanics: free, open-source, censorship-resistant etc. We said it too many times already.

The majority of Tether users don't know shit regarding what you are talking about: find me somebody who uses USDT consciously knowing all you wrote. You will not find many people aware of the USDT bomb. That's okay, bitcoin will live even after Tether's death and I am also fine with it.

Bitcoin is free in every sense: it can be freely used, it's open-source and everyone is free to contribute, anyone is free to mine it and everybody can run a node. You are free to use it or not. Nobody can stop you because you can use bitcoin anyway you want.

This thread certainly moved too fast in the last three weeks, I don't feel I belong here anymore.
I enjoyed life recently and sometimes is nice to disconnect while bitcoin grows.
I don't know how some people here can cope with this thread!  

Regrettably, we have read your very words many times already. Please find below the best answer and live with it.

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.

It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

One of the fundamental building blocks for such a system is digital signatures. A digital coin contains the public key of its owner. To transfer it, the owner signs the coin together with the public key of the next owner. Anyone can check the signatures to verify the chain of ownership. It works well to secure ownership, but leaves one big problem unsolved: double-spending. Any owner could try to re-spend an already spent coin by signing it again to another owner. The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. In its central position, the company can override the users, and the fees needed to support the company make micropayments impractical.

Bitcoin's solution is to use a peer-to-peer network to check for double-spending. In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle. For details on how it works, see the design paper at http://www.bitcoin.org/bitcoin.pdf "

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source

That's some massive fight around 30k level!
BTW, voted for the poll T/A is shamelessly worthless! Better stick to the old plan B.

Let's say your plan is successful and you are able to get a license and start this bank are you ready to not be included in the corresponding banks payment system? No matter how hard you try your bank will have to comply to the very old shit we were here to dissolve and, in the end, you would bow to your masters and become yet another bank.
I don't see it working, sorry.