You're looking only at the last bull market. There's no rule saying that every next bull market has to look exactly like the one before it.

Compare 2013 and 2017. They are not the same! 2013 took us from about 150 to 1100 USD so about 7.5x and 2017 measured from the peak of the last bull market was 19x.

If this bull market was only to be 7x like 2013 we'd land at 140 thousand dollars but many people predict that it takes so much fiat money to break the 100 thousand barrier that it will take years.

Now it's above 29000 so I guess those buying at 27 weren't fools after all.

Banks were offering them negative rates or 1% a year if they were lucky and they made more by choosing bitcoin in less than a week.

If this keeps going this way we'll have 35 thousand dollar bitcoin by the end of January.

Probably some more lightning network development. Bitcoin is great but it could be better if we could confirm more transactions at lower cost.

I'm always defending rising fees when people look at them in USD terms but while it's not something that is going to destroy bitcoin or stop people from investing it's a feature that needs some improvement.

We could also use more ways to pay taxes and bills using bitcoins but that's not up to bitcoin but rather to governments.

There's also no clear evidence that he is not.

The more people know your secret the greater the chance that someone will spill.

If he was a group of people keeping all of them shut for so long would require some dedication and luck. People are jealous of other people and one person from the group might want to use Satoshi's money or at least become famous for being a part of this group and sooner or later somebody would say something or do something that would prove that Satoshi is still alive.

This is going to be the biggest mistake of your life. I'm serious.


This is the biggest problem of literally every single person in the world.

"I want to buy something but I don't have enough money or I want to do something but I don't know how"
Sorry, but you're talking like a little child.

If you have no money, get money by working for it or take a loan.
If you don't know what to invest in, buy bitcoin

If you get searched because they suspect you of smuggling or something they could look into your wallet. They can make you strip if they feel like it.

The best way is probably storing a copy in an encrypted USB pendrive. They don't check digital files, only physical stuff.

You can also carry a hardware wallet with.

It's not unlucky it's centralized!

Here's where the difference between independent decentralized coins and centralized company-owned coins comes to play. Like when Libra was coming out people were asking if it will be the BTC killer and I kept telling them that it can be only a stablecoin/xrp/stellar killer because these are centralized and decentralized cryptocurrencies don't compete with centralized ones.

The death of XRP will have no negative impact on bitcoin but the death of bitcoin could destroy XRP. It looks like some XRP is already adding to the bitcoin's uptrend so as a BTC holder I'm very happy.

OP, I can't say if you're amazed at people's choices or angry that your own weren't better.

People are buying at every level and selling at every level, this is how the market operates.

They could have bought at 4, 5, 6, 7, 8, thousand and... they won't have another chance to do it. We will probably never see sub 10 000 again. Does it mean you shouldn't buy it ever and keep watching from the sidelines as it goes up? Do what you like it's your money.

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

Stop trolling please.


But right now there's more than 21 million bitcoin users and all of them "have some"  

Technically if that woman and you are right then someone who has 1 mBTC doesn't have bitcoin. Try explaining it to all those people who thought they were buying bitcoin no regardless of how much fiat they spent.

What are you talking about? I can see it going up almost every day.

The truth is that nobody will be able to tell you when to buy and sell.

The market depends on so many factors that you just can't be prepared for everything. In Spring Bitcoin was climbing and then US shut down because of the virus and the stock market fell taking bitcoin down with it.

It's impossible to predict what will happen but It's too early for a full reversal. All there can be now is a correction maybe back to 20 thousand.

It's probably a software problem.

One of the things that you can do is make sure the cable you use to connect your ledger is ok. Buy a new one if you suspect it could be broken inside.

Install ledger software on another device and try to connect it there.

What message do you get when you connect it? Does it light up and show connection on its screen?

This is possible because share purchases don't mean an immediate bitcoin purchase.

It's not like there's a bot there trading every dollar they earn for bitcoin or exchanging invested money into bitcoin in real time.

That's even better though. If they're earning more money thanks to the bull market they become stronger as a company and more popular. A company that made a lot of money through bitcoin is going to raise interest among other companies.

This is how an exponential bull run comes to play.

At first people sell at every step and small corrections become frequent at every major level. Then when they see it doesn't want to reverse and pullbacks are minimal traders begin to wait it out longer. They gain confidence and wait longer and longer to avoid paying exchange fees at every possible resistance level and missing out on gains.

It makes the price go up fast in the last stages and turn into a FOMO rally. You could see it happen in 2017 when there were multiple pullbacks up to 8000 but almost nothing up to 16000.

He's not talking about private keys but wallet passphrase.

I've been there and I can tell you that if you're holding for a long time it's not hard to forget your password. I gave my close friend a wallet once and told him that in case I got hacked or something it's good if he has at least 1 bitcoin on his device. It was more than 4 years ago.

When bitcoin went up to 20 thousand I asked him if he still has the wallet and he panicked because he did not remember the password at first. When you're not a bitcoiner and don't use your wallet for payments every now and then you forget about it.

Finally we were able to find the password because he had maybe 10 commonly used ones and we kept trying one by one until the wallet unlocked

Use things you will remember guys. Not some random words and numbers!

Since we went past 25 thousand so fast it looks like we could explode from here.

If we compare it to the previous bull market 20 thousand was the same starting point of a bull run as 3000 in 2017 so this could be the beginning of the biggest and longest bull market in the history of bitcoin. It's not going to be fast and sharp like 2017 but more probably take a few months to unfold.

I wouldn't be scared of possible corrections here and expect it to keep reaching new ATH points and correcting a number of times before finally reversing for good.

I own some ETH but I've been preaching the same thing as you, that there's no point in holding underperforming altcoins instead of bitcoin.

Ethereum has been doing well this year and it's not a bad altcoin but this last couple of weeks it was weak compared to Bitcoin. Bitcoin was able to pump 10% and at the same time ETH moved 3% up, but when bitcoin corrected 5% down ETH lost its whole 3% gain. This shows that it follows bitcoin in its down trends more than in up trends and that's weakness. Not a weakness of ETH in particular but of the whole altcoin market.

I feel like we're at the beginning of step 2.

We first heard about companies buying it when we were on our way to 15 thousand. I'm not counting those first early birds like Pantera because they were more like early adopters among investment funds. The real institutional adoption is still coming.

First institutions come before the mainstream adoption and this is the moment when the biggest gains will be. I once read an article when some analysts were predicting 1 million dollar bitcoin when mainstream adoption begins and this was when Bitcoin was worth maybe 3000 dollars.

I hope we'll see it in the next 10 years. It would be great to see bitcoin succeed after such a long struggle.

What's with all this doom talk? So according to you every banker thinks only about destroying bitcoin and buying mining farms. That's not how business works.

When you see something that can be useful and that people like you try to compete with it or add it to your own portfolio. You can spend millions of dollars trying to destroy it but nobody is going to give you back those money. You'll be trying to destroy a tree by covering it in dollar bills and burning them. Pretty dumb.

First of all what kind of ghetto talk is that?

NO tradable asset can go to 0 as long as it's still being traded. It's mathematically impossible because you cannot pay 0 for something with a 0 exchange fee.

As long as bitcoin contines to exist and be traded it will have value and it's not even going to be 1 cent or 1 dollar. It's going to be much more.