CBDCs have nothing to offer that fiat have not offered. You can send fiat digitally and it is under the control of central banks and the government just like the CBDCs. In function, is there anything added to CBDCs that fiat can not offer? I see nothing new about CBDCs than claiming that it is built using blockchain. In function, digital fiat and CBDCs are the same thing and they totally invade people's privacy.

Oh, the irony!
Just had a power failure while writing this post, I was going to kill somebody if the ups would have failed and lost it.


Because scaling is a b1tch!
What works for a hobby miner it becomes impossible to run when you multiply it by a dozen.
1 S9? I can run it in my bathroom! 20? I will turn off the power on the street, my neighbors will call the police and I won't be able to hear even 10 cops cars over the noise, and probably from the heat my bathtub will melt before they arrive!

Same here, you got enough power for 5kw miners, how do you get the cheap or zero cooking oil for more?
It's like living on soda cans, you can pick a few hundred each day but can you pick 10 000 a day? Scaling!

To be more careful, we need to understand that this other cryptocurrencies inventors, operators or project developers also rely on bitcoin as their solid investment background asset that funds the other projects they developed, so why should a common man like we made a decision to invest with them when we have the direct link to invest with bitcoin and hodl thesame way others are making their profits from it.

Correlation does not imply causation. If I fart now and you see that it starts to rain, would you say that it started to rain because I farted?

Let's imagine that your assumption is realized. A few funds have taken and concentrated in their hands almost all bitcoins, because they decided that this is a good investment. As a consequence of this decision, bitcoin will practically stop moving, because it makes no sense for them to sell it, this is a long-term investment. In the absence of movement, miners will no longer be interested in it, difficulty will drop, the risk of a 51% attack will increase, trust in bitcoin will decrease, bitcoin will start to drop sharply in price, and investments in bitcoin will depreciate.

If some random dude on the forum managed to see this scenario over a cup of hot drink, then the analytical departments of the funds are also quite capable of doing such analyzes. Accordingly, no funds are interested in buying up and hiding all bitcoins, they are interested in participating in the development of bitcoin, but within the limits of not depreciating the asset in which they invest. If they have large enough investments, they may well take an active part in the circulation of bitcoins.

So I don't think the problem is realizable.

Buy when the market falls deeply, but how much is deep? Buying at the bottom is also risky, as a drop in prices could be a sign that the market is about to crash. It has also adjusted to over 80% in the past. Therefore, you have to determine which price zone is attractive enough to buy. As for where the bottom is, we can't guess. Let's discuss whether to catch the bottom or not and when the bottom is right, at what price will you sell? Do you buy a valuable asset when it falls below the previous price, but is that the final bottom or will the price continue to fall and establish a new low?

For asset classes such as stocks, real estate, gold... that have been around for a long time and are popular in the market, bottom fishing is very popular and it has resistances that are hard to break. However, with a new and volatile market like cryptocurrencies, bottom fishing can bring many risks because the market size is not too large, so some sharks can manipulate the market and break resistances. so you have to be very careful when catching the bottom in this market. Should I catch the bottom of altcoins or the bottom of BTC? In my opinion, BTC should only be bottomed because it has been joined by many large organizations, appeared the earliest and is held by many organizations and individuals, so it cannot collapse. As for Altcoins, there are already many coins with a value of 0. Or with coins in the top 20, you can catch the bottom.

After successfully catching the bottom, when will you sell them? That is a very difficult question to answer.

I still believe that ETF effects on bitcoin price has been greatly exaggerated, although it will definitely have a positive effect on the price.

In any case when it comes to the next big rise, as I've said before the global economy is the major factor affecting the market for now. The rising inflation was excellent for bitcoin but then recession started and ruined its effects. Now they are trying to reach an equilibrium which is why we don't see rise (or fall) start.

But the inflation is still rising very fast and its effects on bitcoin price is growing. After all this fast growing national debt[1] due to nonstop money printing is bound to push bitcoin price up. $32.5 trillion US debt, $14.5 trillion Chinese debt, $13.5 trillion Japanese debt, and so on. US alone printed over a trillion in the past couple of months ever since the debt ceiling was raised.

In other words 6 digit price is definitely possible in the next major bull run.

[1] https://www.usdebtclock.org/world-debt-clock.html

But whether all miners get together and carry out a 51% attack or all validators get together for a 51% attack is basically the same, it is possible with both

This is important now and from the very beginning. Once it became apparent that bitcoin had become an important element in the world of finance, it became easy to predict the interest of large corporations. We have been seeing for a long time how bitcoin is being bought up even in view by the thousands and tens of thousands, and how many more secret purchases. But changing the original rules of the supply-limited game could change everything, because bitcoin's conservatism gives it prestige and a level of credibility. Trying to fit in with momentary interests can change everything, and we should not listen to those who are thinking about abandoning the idea of limited issue.

There are already a huge number of such cryptocurrencies. There are already so many full-fledged blockchains that it is difficult to count them all. If someone needs inflationary cryptocurrencies, then they can either choose from this set or make their own as much as they want.

As for trillions, they are not going to buy bitcoins with all these trillions. If I go to a candy store with a thousand dollars of capital, it does not mean that I will spend more than a few dollars there.

I don't understand why Bitcoin is more decentralized than Ethereum even though you operate a full node with both.

To create the blocks:
Bitcoin PoW = miners
Ethereum PoS = Validator

With Bitcoin/Ethereum Full Node you can verify the blocks from the miners/validators.

So the only point why Bitcoin is more decentralized than Ethereum is:
The Bitcoin Full Node is cheaper than the Ethereum Full Node ?

Or is it the case with Ethereum that you cannot verify the blocks as a full node but only as a validator?
So:
Bitcoin miners create block / full nodes verify the block
Ethereum validator create block / validator also verify the block

What is Mutiny? It's the first self-custodial lightning wallet that runs on the web! Control your funds on an open standard that does not depend on Apple or Google app stores. No downloads are needed!

We've set out to solve the onboarding problem for Bitcoin no matter who you are, where you live, or what device you are using. And because funds are fully in your control, there's no need to provide identity to a regulated institution. This is what it looks like to make Bitcoin accessible to the 5 billion global internet users with access to a web browser.

https://blog.mutinywallet.com/mutiny-wallet-open-beta/

Bitcoin will always remain available to ordinary people even in the event that someone owns 50% or more coins, and that means that the idea on which Satoshi designed the whole thing will still exist. As for the question of whether Bitcoin has failed as a currency, it's highly debatable, but I believe we can agree that most people don't perceive it that way.

It remains to be seen what effects the possible spot BTC ETF will produce (short-term or long-term), but I personally hope that there will always be a certain percentage of people who will follow Satoshi's vision and will not deviate from the basic ideas - which means that Bitcoin will always represent what it represents today.

^ 500k? It isnt realistic. Here's one;

Robert Kiyosaki Warns US Dollar 'Will Die' Citing BRICS Nations' Plan to Launch Gold-Backed Currency

Robert Kiyosaki predicts Bitcoin price rally to $120,000 amidst rising inflation in the US

These approach and price predictions is realistic comparing into those people who had been expecting 6 digit prices but on the higher side or something that its already that unrealistic for us to believe on. Yes, it might be that possible but it wont really be that happening on a short time. This is why its better to be having that realistic approach rather than on anticipating on something which it is close to impossible.

I understand people who think that the spot BTC ETF should have a positive effect on the price, but apparently there are very few who think at all about the far-reaching consequences when it comes to such big predators as BR or Fidelity. I have never read the requirements for the BTC ETFs in detail, but it would be interesting to find out if any other company had a similar text in its conditions, or is this something that BR did first?

There is an old post on Reddit written by admin @theymos 4-5 years ago on the subject of BTC ETF, I have quoted it several times on the forum, and somehow it seems to me that it could be the closest to the truth.


https://bitcointalk.org/index.php?topic=5153962.0

It will no longer be educating newcomers about bitcoin and its awareness without supporting it with documentary movies so that they can gain a thorough understanding of what they need to know more about.

I now have a collection of documentaries that I can share with others and store for individuals who might be interested in learning more about bitcoin in the future.

thank you all for sharing these documentaries, folks. I don't know how to express my gratitude to you all

Struggling to come up with anything new to say about ETFs, but the first response to your OP covers the main meat. Institutions aren't sitting around waiting to get into Bitcoin, they already did. OTC has always been enough to sate institutional appetites, and even without ETFs, there are numerous ways to bet on Bitcoin without owning any (that satisfies what institutionals want anyway).

They wanted to bet on price, not own any. ETFs may have been the easiest route but the emergence of CME CBoE etc proved that the demand wasn't as the door-pounding ravenous hunger that we were told to expect.

Why should this be any different?

I don't think Powell wishes to break things to bring the inflation down, with him not getting the desired results this present a big dilemma for both the FED and the Government, it is not a good sign knowing fully well that the election is coming, if the economy is not doing well what are they going to use to campaign, but the job of the FED is to make sure they have the monetary system under full control. I have a feeling they are going to raise the interest rate by 0.25%, the last time I checked there is 85% chance of this happening before the next quarter and with rumour of Ukraine-Russia war coming to an end we are likely to inflation coming down and likely doge recession

So in your opinion the main driving force of btc pump to 6 digit will be QE and ETF will only facilitate the migration of capital. Am I right? I can definitely agree with that.

I found it and read it, and I have to admit that what is written there does not look good at all, because the fact that it is written there may mean that they (BlackRock) actually have the idea to make a fork in the future, and to use their influence and money, of course, to create its centralized version of BTC.