It really doesn't. When it becomes your job, it stops being a hobby. You can no longer just not do it if you're not in the mood or want to do something else or feeling sick. And because you have to do it every day, you burn out and lose interest.

I have friends who loved playing videogames, and they entered the gamedev industry and since then they barely play games in their free time because they're simply tired of games on their job.

They can't control every aspect of Bitcoin and they don't need to. The want to control how average joe uses Bitcoin, and that's very easy to achieve - just set the rules for exchanges and other big services and that's it, because most people interact with Bitcoin through them. There's no need for sophisticated plots to take over Bitcoin mining or development if for 99% of people Bitcoin is useless when it can't be converted into $$ in their bank account.

It's very common for the price to drop a bit after the halvening because it's a sell the news event and the halvening was already priced it. Even more reason for this to happen this time, because the price went unprecedently high and established the ATH before the halvening ,which typically only happens after the halveing. So this correction is not a reason to panic, it's still very likely that the bull run will resume, and the recent recovery brings even more reasons that the bull run will return soon.

The fact that Bitcoin has marketcap over $1T is not making it important to global economy. Was $1T actually invested in it? No, it's just the result of trading at high price multiplied by total supply. Bitcoin could crash to zero tomorrow and it won't affect the global economy because there's like 200-300 million people who own some Bitcoin, and only some percentage of them would be ruined financially if that happens.

But don't worry about it, Bitcoin can't be taken over easily, because it's a global network of thousands of computers and mining has proof of work, which makes it very expensive to take over.

Real estate and stocks. Unlikely Bitcoin, they have a very clear utility so they are always in demand and generate predictable cash flow. But in general I want a diversified and balanced portfolio that yields predictable and low risk income. When you have a lot of money, you don't need to chase high returns, you need to focus on consistency.

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

Neither. It's best to ride the waves of market cycles and buy during a bear market to sell during the bull market that comes after. If you are trading daily/weekly/monthly, you will just lose money to random movements that are impossible to predict, if you are just buying and buying, you are taking a huge risk and the profit is smaller than investing in cycles because you are not taking profits and reinvesting them for more profits.

Posts like this is why some people don't take Bitcoin seriously, some Bitcoiners are very stubborn in their display of ignorance of the most basic economics. At the beggining of Bitcoin a few pizzas costed tens of thousands coins, today a pizza costs a tiny fraction of Bitcoin. So either Bitcoin went up by a lot in these years, or the value of pizza reduced by 10 orders of magnitude. I think it's easy to tell which one is the case.

This forum has rules, everyone has to follow them regardless of their rank, being new and not knowing the rules is not a valid excuse, just like in real life you can't avoid the law by saying that you didn't know about it.
If these rules weren't enforced, this forum would be a complete mess and all the good posters would move on to other platforms.

No one has any responsibility to guide newbies, this forum is not a charitable school, it's a place for discussing Bitcoin, you are expected to be knowledgeable to some degree and if you are asking some questions, they should be non-trivial.

Miners didn't make any changes to the Bitcoin protocol, they can't even do that if they wanted, because everyone needs to install the new software. And these tokens on Bitcoin blockchain are possible because of the features that always existed in the protocol - it's an oversight, not an intentional change. It would take us a fork to kill these tokens, but the devs are very conservative and try avoiding changes as much as possible.

Higher fees mean more profits for miners and as the result more competition and more hashpower in the network - so in the end more security. But these tokens didn't raise the fees for long term, it's just a mania like with tulip bulbs, when it's over they have no effect on fees.

It's not advisable for anyone to invest in a "project". All those crypto projects are just different kinds of scams. What is common between them all is that they paint a promising picture of how they will change the world and make investors rich, and on practice do absolutely nothing but pocket investor money and invest in marketing campaign. Pretty much no crypto project was ever succesful. Even Ethereum is 8 years old already and didn't become "world's computer" - it's only "world's platform for shitcoins".

Bitcoin is the only coin that is different because it's not a "project" - Bitcoin didn't make any promises - Satoshi never said that Bitcoin will become a global p2p currency, he only said that it will be the goal.

Good thing that 99.999% of the world's population has no idea how to browse Bitcoin blockchain so it's not common to see Bitcoin blockchain being misused for publishing text.

IMO it's a serious flaw that it's even possible to add any data that is not necessary to send coins from one address to another. Blockchain space is already extremely scarce, why are we tolerating non-productive use of it?

You can't have society without classes, because there will always be some kind of ruling class, law enforcement class, etc. Someone will always have more power than others.

Well, the socialist regimes around the globe managed to abolish private ownership of so-called means of production at least on medium and large scale, and the results of that experiment are pretty clear - the state is not as efficient at managing nation's resources as the free market,

The problem is, in each bull run demand was speculative. It was not demand to use Bitcoin as a currency or as store of value, but demand demand to buy Bitcoin and sell it in a few months or a year at a higher price. This type of demand is unsustainable and eventually collapses, causing a bear market.

It's very likely that the bull run will resume, but the open question is how long will it last and how high it will get before crashing. There are optimists who say that there will be a supercycle and Bitcoin will get really high, but they say it all the time, the so-called permabulls. There's also a prediction that the price will peak lower than most people expect, because there's a trend of lower and lower relative increase of bull run peaks.

IMO that's an all-around bad idea. So many things can go wrong. Someone could spy on you and steal your treasure. You could forget the exact spot and your marks could disappear with time. A natural disaster like flood could damage or destroy your stash. Someone could come with a metal detector and find it. And so on and so on.

Storing your wealth at least inside your house mitigates a lot of these risks.

With today's price the coinbase reward has the same value as when the price was 2 times lower, which was during the bear market. Did the hashrate collapse back then? Did miners file for bankruptcy en masse? No, because miners have quite high profit margins.

I wouldn't expect this to continue in the future, because Bitcoin can't double in price every 4 years - that would mean 1 coin eventually costing billions of dollars, but we're still far from the day when mining will be a very low margin business for everyone.

Can you off the top of your head remember any cases of a widely accepted term being changed to something else? That's virtually impossible, so it's a waste of time to even propose it. For years people in Bitcoin proposed renaming units of account, and still it's not happening. It's even less likely that something as fundamental as blockchain will get renamed.

I'm not so sure that anyone knows Satoshi's actual IP address, if Satoshi knew what he was doing, and he most likely did, his actual IP address was hidden by many layers of obfuscation, including TOR.

And IP address is not the same as identity. It often links to identity if someone is using the Internet from their home, but if a public WiFi is used, IP won't reveal much,

The fact that government puts more effort into regulating crypto ecosystem means that they believe that a lot of money will be in this sphere in the close future. This isn't the same as it being objectively being true - the government could be wrong just like anyone else can be wrong.

There's still a chance that crypto will turn out to be a bubble similar to tulip bulbs. 10 years is not that long to proclaim that it's here to stay.

One of the almost never talked parts of risk management is taking profits. Every bull market sooner or later comes to an end and plunges into bear market. It means that the longer you are holding, the more unrealized gain you accumulate, but also the higher the risk of losing those unrealized gains. Depending on your entry price, the bear market can even push you into a loss. This means that somewhere there's an optimal sell price, below which it's safe to hold, and above which it's too risky to hold.