maybe for the same reason why majority of the world has not yet adopted bitcoin and we are still at about 1% adoption even after 10 years of growing market and increasing popularity. it has been slow for everyone so it is understandable to see a big business like Amazon be hesitant to jump on board of something that is not that popular yet.

well then they have to go back to the "honest banking" system instead.

which means you lend what you have instead of lending more than you can afford. and they will lend actual money (in this case bitcoin) instead of credit. and having limited supply is not a problem! imagine if price was 1 million and you wanted to loan $100k you simply take 0.1BTC!

but also there is another rout they could take, which is probably what they will too. and that is the same methods of using "credit" instead of actual money. for example when you loan money to buy a house you take a check and pay the check to other person and that other person deposits that in his bank so there is no need for real money to change hand but only numbers in their databases!

i have a theory about these coins in the long run and that says they are actually going to be very good for bitcoin!

you see, so far people were either unaware of bitcoin or have been hearing a lot of negative stuff about it and they believed most of them becasue they didn't understand how the blockchain technology works and they were skeptical about whether something like bitcoin could even work.

now these coins come in, they spend millions advertising the shit out of their coin and people will see the "blockchain technology" in action and realize how wrong all those FUDs were.
after they got rid of those misinformation they start seeing the reality and be able to really compare bitcoin with all these centralized company coins. and obviously bitcoin comes out a victor.

we don't need to spread these things really. people have to learn them on their own and specially since they are very clear and all the evidence needed to see how bad and centralized Facebook coin and all the similar coins are, is out there for anybody who is willing to look.

if we keep telling everyone what to do and what to think then they would stop thinking for themselves for good and that helps scammers rip them off easier.

because everyone who is in this market is in it because of bitcoin. 99.999% of them entered this whole thing because they heard about bitcoin and they all have faith in bitcoin's future. simply because it is the only solid project out there that is not created to make the creator rich, it had no premines, not fund raising with different weird abbreviations,...
so whenever they go to altcoin market to make temporary profit, they come back to bitcoin as soon as they see the price changing because they want to be a part of that change and benefit from it by increasing their bitcoin wealth.

i am not really good at TA but this chart seems to be very wrong because it has a bad zoom which ignores the bigger picture of what has been happening in the market.
and that is the fact that price has been rising so if you zoom out your horizontal line gains a bigger slope and then you can see that we are in an opposite triangle which indicates rising instead of what you drew. and the drop was just a correction after that rise.

you are about a year and a half too late to the bubble. the "bubble" was what we had by the end of 2017 when price reached $20,000. what we have here is simply a tiny rise due to reversal of the big drop to a very low price that became unreal at some point so it had to come back up like this with a sharp rise.


make sure to eat something light at nights to not see this kind of dreams anymore

very bad comparison in my opinion.

for starters file sharing has never been illegal as you put it here. what was illegal was and still is "pirating" which is obtaining an illegal copy of something that has a copyright!

as for owning more bitcoin, those people didn't get those coins out of thin air. they have either paid hard earned cash for them to directly BUY them or they have paid hard earned cash to MINE them. the fact that they believed in bitcoin sooner and longer than others doesn't make it unfair or centralized!!!

and finally when you say peer to peer and file sharing usually the first thing that people think of is either some of these websites like mediafire (which is fully centralized) or torrent network which is smi-decentralized since you still need a server. so it still isn't the best comparison.

instead of focusing on what may or may not happen with some government that doesn't even concern you, it is better if you start learning more about bitcoin and its mission for decentralization and cutting off the hands of the middlemen who are always intruding in our financial matters and have their hand in our pockets.
then you will slowly realize that the answer to your question doesn't even matter.

in other words you are saying everything else was completely meaningless and noise. all the adoption, all the countries regulating  bitcoin with a friendly attitude, removing taxes on bitcoin payments and making them legal, media like for instance Goldman Sachs advertising bitcoin every week in 2017 and hundreds of others were nothing! price only went up because block reward halved.

by that logic any shitcoin out there should also go up to the same price levels as bitcoin since 90% of them are copies of bitcoin.

China, among many other countries, have banned ICOs because even a blind person can see how scammy they are. and raising funds like this is illegal to begin with.

wrong! they have never banned trading. you are misled by the social media FUD

a lot of banks all around the world have been doing the same exact thing! they close accounts of customers who dump fiat for bitcoin! it is not exclusive to India or even "eastern countries" as you put it.


almost all of these were already true and that is in fact among the main reasons why bitcoin as a decentralized currency that is created to cut the power of the corrupt  banks and governmetns off, was created in first place.

i seriously doubt that what OP is saying about "huge influx of cash into bitcoin" can happen under any circumstances but what i think will happen instead is an increase in the current influx of money in case of a global market collapse.
the reason is due to the fact that bitcoin is still considered a high risk asset, you may not know it yet but it is true. and that means investors are still acting cautious when it comes to investing in bitcoin even as a hedge.

we don't need any more evidence that the bitcoin paper that the creator wrote! in that Satoshi doesn't say bitcoin is for people to store their money in as in Store of Value, instead the only thing he says is a payment system without a middleman. that doesn't mean bitcoin is not a store of value, quite the contrary. because bitcoin is a high security currency with appreciating price, it is also a store of value.

one good thing about donation through a transparent currency like bitcoin with a publicly available ledger is that your donations can be tracked by you so you could see how and where the place accepting your donation (in this case the church) is spending the money received.
in fact there has been transparent charities accepting bitcoin mainly because they could show everyone easily where the money is going.

OP's title is misleading, he is talking about the year+ long bear market not an actual "dip" since  dips are usually small and short term. so we can call them corrections but the bear market is something more than just a correction it is mostly like an "over-correction" thanks to the extreme drops.

i think there is a good possibility that the biggest challenge that we are goint to soo for a while is the one that we have already faced and it was the breaking of $4000 barrier which was the strongest one since it was also marking the market reversal out of a big dip and a long bear market. in comparison the $10k one may not be as big or hard to break. the next one that may start being a real challenge is going to be the previous ATH at $20k.

i am fairly certain that centralized exchanges that work with decentralized cryptocurrencies will eventually cease to exist. lightning network and atomic swaps and all the other progress that we are making in the decentralized exchange front is only one part of the reason, the bigger reason in my opinion is that the centralized exchanges have ensured their own eventual demise by providing terrible services that aren't even safe.

the thing is that we already had a very "crowded" market which has been flooded by thousands of shitcoins most of which were centralized. in fact we already have at least 3 major centralized altcoins in that market and about 4 government coins that aren't in the market (as in listed on exchanges) but exist. and so far bitcoin has not even been dented

it is just a proposal draft not the law but in any case Indian government has been shady with bitcoin for a while now, they are obviously scared of what it can do to their corrupted government and banking system and have been trying so hard for 2 years now to slow the adoption of bitcoin in their country down to a halt but have been failing.

i may be wrong about him in particular but usually when i see someone is saying trading cryptocurrencies is an easy task they are saying it because they tried trading and they got lucky with an altcoin pump or two so their whole conclusion is based on that. in long term everyone eventually realizes how hard it is to consistantly make profit specially when there is manipulation involved.