This is true as long as status quo remains - Satoshi is inactive and his coins are considered as lost. If that would change then suddenly Bitcoin's price would be very dependent on the Satoshi factor. It doesn't even matter if it fundamentally changes nothing, because the price is driven by speculators who look for the slightest reason to make a move.

That's what the smoking comparison is about. Not that he simply thinks that Bitcoin is harmful, but that he supports the right to buy it despite him viewing it as harmful. I'd say that it's a better position than the stance of Warren Buffet who would love to see Bitcoin banned, but it seems it's still not enough for most Bitcoiners who expect everyone to praise Bitcoin the way Miachel Saylor does. But I would personally rather take a honest skeptic who supports the right to use Bitcoin because it's an expression of freedoml; over some fake Bitcoin guru who will switch sides and start promoting altcoins tomorrow.

Short-term traders can profit from price fall too if they open a short position. Also, it's often the short-term traders who are causing these crashes by taking profits, so you can't really say that they get sad. They only get sad when the price is stagnant


DCA performs poorly when the market is already in the bullish phase. Your $100 monthly investment will maybe double or tripple at best, but if you'd put a big sum during the bear market, it would grow  6-10 times.

It could, but I don't see why it should. We already have bullish momentum, and the news are quite positive, so someone need to take massive profits to trigger a crash, but it seems it's better to wait a bit more to do so, because the halvening hasn't even happened yet - why take the profit now if you could do it later after letting the price go up more? I think the big corrections will start happening after we cross 80k or 90k

Everyone knows that Bitcoin lacks on-chain capacity to cover the transaction volumes of even a small country. And Lightning doesn't have unlimited scaling either. And for people to start using Bitcoin in an emergence, they need to already own it, and how many people in the world are currently holding Bitcoin just in case banks fail? Probably almost zero.

You can exchange your BTC for a stablecoin, but what are you going to do with a stablecoin? Can't even buy groceries or buy a hamburger with it. And sure as hell can't buy a house or a decent car. But even if you'll manage to do so, it would attract the attention of IRS or a similar body and the first thing they will ask is where the money came from.

The only viable way is to exchange BTC for cash and make small spendings with it that don't require to tie your identity to it.

I doubt that insitutional investors are strongly interested in altcoin ETFs, because altcoins are poor investments - they don't have good fundamentals, they are just seasonal speculative trends and institutional investors aren't looking for that, they want something that can at least be generally predicted. Ethereum is the strongest altcoin but even it can easily fall into obscurity in a year or two when tokens will stop being popular, which is its only "use case".

But he'll continue to claim to be Satoshi just like he did after getting initially debunked many years ago when he fooled some journalists who didn't understand how signatures work. And I'm sure his cult won't lose any followers as the result of this ruling, because, well, it's a cult and nothing can change their mind.

TBH I won't even be surprised if he'll attempt legal trolling in some other country if he still has money to do so.

Blackrock will never be able to buy all or even majority of coins, nor do they have an intention to do so. The got into Bitcoin because investors want it so they will make money with it, they don't have any grand plans for it. And I seriously doubt that anyone can both artificially pump Bitcoin to high levels and fully take profits off it. Even if it good be pumped, there would be not a lot of depth and it would fall down quickly. And lastly, how would the US control global Bitcoin markets? They can't close local Bitcoin exchanges.

Objectively speaking, silver has way more utility than Bitcoin as it is used in many industries and if not for silver, a lot of things would be more expensive today. Meanwhile if all coins vanished tomorrow, the world wouldn't even notice and wouldn't feel any inconvenience. So this is just another reminder that marketcap if not a good representation of usefulness and value for society.

Bitcoin is a global network and a global community, you can't control that. They could try and they would fail, but I don't see any indication of them having any such intentions. They are not dumb, they know that it would be like shooting themselves in the foot and for what? Bitcoin would cost a fraction of todays cost if it was centralized and controlled.

And I don't even think they can manipulate the price for long term. Remember the bear whale? That's the risk for anyone who would try to manipulate the price, no matter how big they are.

To put it simply, crypto industry is an industry of selling big promises without even trying to deliver on them, because you can just abandon the project without any repercussions and start a new one. Crypto is all about talking about the bright future and never doing anything to achieve that. And this is reflected on the market where new coins can increase in price by x1000 when they get momentum and people are buying it just because it's growing fast, causing it to grow even faster, and then it crashes to zero when there's no new buyers and the holders take profits.

If you want to invest in something that has real value, stick with Bitcoin - it has actually useful properties that mean it can't go to zero even if it is overpriced. Unlike all the other cryptocurrencies that are never used and never will be used.

Interesting thing to note that during the latest bear market the price went below the level of the ATH of the previous cycle when in dipped below $20k. This happened for the first time and it could be interpreted as a dangerous signal, but now we have reaching ATH level before the halvening, which also happened for the first time and is a positive signal.

The moral here is that Bitcoin is still quite unpredictable and its patterns are broken all the time.

Of course we are still early, crossing ATH is typically just the starting point of a bull run, and the halvening still hasn't happened. The real big questions is how long will the bull run last and how high will it get. Will it repeat the pattern of the previous bull runs, or would this play out much faster now that we touched the ATH sooner than expected.

That advice is not for all Bitcoin users but for private individuals. Organizations have different security model. They need to focus on digital and physical security as they obviosly can't operate anonymously. So for example the keys would be stored in a secure room in headquarters, everything is protected with strong passwords and air-gapped, and only a small hot wallet is connected to the servers. Bitcoin has been around for many years and there has been cases of physical attacks on individuals, but never true Bitcoin heists that stole from organizations - all the thefts were either hacks of hot wallets or inside jobs.

2% fee is ridiculous, I can only see this idea getting traction if there's just a fixed yearly maintenance fee with multiple tiers. Being your own bank is not for everyone so there's definitely a need to have reliable Bitcoin custodians in the ecosystem, and I would rather see people use dedicated custodians than crypto exchanges for storage, but 2% fee is way too much for this service.

Scamming is still massively profitable in bear market too, so it's not like anything really changed. Just remember that there's no free money or free golden opportunities, and that Bitcoin is very very unforgiving when it comes to any mistakes, so think carefully about every step and always ask yourself "what can go wrong".

My observation is that in bull market positive news easily influence the price, while negative news could only cause very small and short-lived fall or even have no effect at all. But then it reverses in bear market and positive news can no longer drive the price up while bad news bring the price lower and lower. I think it's because traders are just waiting for trigger events that coincide with the current market trend, while disregarding the actual fundamental implications of the news, which they typically don't even have.

A high performance laptop could be a luxury for some, but it's first of all a professional tool, so it's not really surprising that it improves your work. But many luxurious items are just that - they don't have any other purpose other than showing off wealth and being marginally better than medium quality counterparts. Are there any jobs in this world that could be made easier if you use an expensive sports car like Ferrari? Or Rolls Royce? I don't think so.

There's countless types of scams and new scams get invented every day. You can't learn them all, but you can simply use logic to avoid all scams not only in crypto but in real life too. If someone asks you to give them money and promise something in return, they are most likely a scammer. You should generally only send money after the other party delivered what they promised. Of course this can't apply to investment, so invest  only in those businesses that you trust - and you can't trust anonymous people on the Internet ever.