I think that it is extremelly overvalued and you are at risk of losing all your money. It hasn't offered anything yet and except from the hype surrounding this coin I am still waiting to see a product. Still, there are some big investors that got into Polkadot lately and it could provide a support in case the market goes wrong and everything crashes by 99%. If Polkadot has any fundamentals to stay around for years then we will see them. EOS was at the same spot two years ago, lets see what Polkadot will do differently.

It is not a very good idea to put people under names like ordinary, or normal, normies, or whatsoever. What is the meaning of ordinary? The only categorization we can make is coming from numbers. Wealth and individual income. If by ordinary you mean people in the middle class which is lately shrinking dangerously in all countries, then you should know they don't care about Bitcoin. The last trend is the trading of stocks in the USA because apps like Robinhood made it easy for everyone to become a trader without having to pay a huge fee to a bank or investment fund.


You haven't seen anything yet. ICOs in 2017 were coming in thousands. What we have today is very limited to what was happening a few years ago.


This is called cryptocurrency technology, it is not just about encryption. Encryption is just a small part, cryptocurrencies are networks running in a certain way and using cryptographic proofs to distinguish ownership and record transactions.

The most notorious N. Korean hacking group is the Lazarus group and as everything in North Korea it is run by the government. There is no individual will allowed in North Korea and there wouldn't ever be someone hacking any system for his own ideals, unless it was a person or group that wanted change inside their country. However, the ruling in North Korea has almost everything covered and would execute any dissidents. I mean just look at the fear in the faces of everyone and the terror when facing their authoritarian leader. This kind of terror that lasts for a century in this country makes me disgusted.

You will read a lot of comments about some people holding permanently and never selling, or hodling. This of course is an illussion because they want you to never take profits so price will keep rising. There are some that think an investment means they shouldn't ever sell, however this comes to the targets each one of us are setting.
Some of us don't like losses so we could be fine with doubling our money and being patient waiting for corrections. Many are holding but others because of experiences with bear markets, are only making a few trades between the years and taking profits occassionally. There is nobody that never sold and made money, everyone that owns Bitcoin, the whales, the miners and traders, all have sold at times. Nobody is just rich on paper, the market has liquidity to absorb the Bitcoin of many whales.

This price was expected after the Tesla involvement with Bitcoin and the announcement of $1.5 billion purchace by this corporation. Bitcoin was at a waiting point above $30k and it is still bullish at the current price. I can't say this will end soon.

What I can certainly say is that it will keep rising in parabolic ways and at a point it will reach a price that will be unsustainable, perhaps at 80k or 100k or maybe a little higher, and then there will be an 80% correction as usual. As far as I am concerned for the current cycle Bitcoin has reached a great ATH price but the support in terms of turning bearish is way lower right now.

I don't see how this answer is correct. First of all it gives an answer about a different question. It doesn't answer why nobody else except the Chinese are manufacturing ASIC equipment for Bitcoin mining. Secondly, it states that Cyprus has relatively low electricity, while in fact it has one of the highest costs of electricity in the European Union.

https://www.stockwatch.com.cy/en/article/energeia/cyprus-ranks-7th-most-expensive-electricity-market

I was about to write something, but then I clicked on the youtube video, and my fears came true.

This was a CW video so I skipped immediately as I decided long time ago to avoid wasting my time with this guy.

Musk found out after two years of pump and dump Tweets, that he was just playing the game of ten people and making them very rich. I don't care at all about Musk and he just looks like a modern McAfee. Maybe Musk will start having a coin of the day meme in Twitter and promote any shitcoin that pays him. We always say to do research before anything and Musk didn't do any research at all, just behaved like the usual twitter promotional accounts.

I have heard some guy in youtube saying that. But do words have more credibility if they come from the mouth of a billionaire? What are the evidence and sources about that? I don't see anything that points to Putin. When was he in favour of a decentralized currency? I just don't see it.

About the halving, we all know the effect it has, but probably we should stop discussing it for the time being. If you understand what I am saying you would and just focus on the rest news and tell everyone about the fourth halving,when the time is right. Because now everyone is in a speculative rally that started by the halving, but nobody gives attention to the next one, so stay low, bury the halving for two more years and we remember it again when the time is right.

I have seen some attempts from many Bitcoin enthusiasts lately, to include the lightning network in their websites. I feel that it is finally happening and maybe we will witness a massive adoption of Bitcoin with a network of payments that is scaling even if this is not the Bitcoin blockchain but a network build on top of it. I hope to see anything that could increase adoption of Bitcoin and help increase speeds and lower fees as these are really important to keep Bitcoin at an advantage.

You are giving too much credit to the miners but they are not running the show. Miners are an integral part of the Bitcoin community which also contains the developers and the users. Also perhaps the exchanges and wallets are part of this equation. Being a successful miner today doesn't mean they will be able to cope with future requirements, regulations, or trends.

However, I think that the argument of Bitcoin replacing fiat is a mistake and not going to happen. Bitcoin isn't the kind of money that helps development. As it stands today it isn't even used as a currency so it will not be able to replace fiat. Money has to be inflating to keep the machine running. Having as a currency an asset that we accumulate and store hoping that the price will keep rising means we don't need to invest this kind of money and take risks, but we just hodl and shit back, sell a few on each bull cycle and not produce anything.

This kind of money is not going to help an economy where fiat hasn't been completely devastated. Although, in the case of a few countries that have destroyed fiat currencies like the Bolivar or the Lebanese and Turkish lira, it would be welcome by the financial authorities to have a way to stabilize the collapse and maybe with the help of a strong asset like Bitcoin, these economies and the fiat currencies could revive. We could see this as a countermeasure to combat hyperinflation. Bitcoin could work on these occasions in a parallel system of payments and stabilize the fiat economy.

They are not talking about Bitcoin but have to fill their video clips with the bags they bought and the projects they were paid to shill. It is discusting to watch this shill fest in their comments and live chat rooms or the way they promote these projects which a year or two later will be completely forgotten.
I remember a few guys being only about Bitcoin earlier than 2017 but right now the only active is Chris Dunn and I haven't watched his videos for months either. He has being inspirational about Bitcoin and always reasonable. If you ever want to watch someone discuss Bitcoin price action without shilling, visit his channel.

Why would they adopt Bitcoin as a payment? It could only happen using a layer two network like LN but even that will take a lot of consideration. Fees currently make it impossible for Bitcoin to be used for small purchaces and payments. It won't be possible without a third party or a network like those that are still in development.

Having a middleman was against the very idea of Bitcoin. Transactions should be P2P as it was intented any other way makes someone else control your money and authorize your transactions. PayPal, Coinbase and anything that acts as a third party just makes Bitcoin worthless and no different.

Since this is becoming the new norm then why not make it completely centralized then?

We wait for this cycle to reach a price that is statistically similar to previous cycles. Can it end now at 50k? Maybe, and it could have, but Tesla decided to boost Bitcoin and probably this cycle will go on for a few more months. It wasn't looking likely to drop too much. It will though and another bear will start, but not right now.

It looks that the whales are changing. There is also a big market that most of us don't understand. The OTC market where the Grayscale is trading the GBTC is something that only a few in crypto have knowledge and can use them. Maybe manipulation will begin in this market next where only big players are allowed.

What if price reaches $200k? 20k will not be available as a bottom then. It will probably be $40,000. This is one of the reasons I am not buying Bitcoin at today's price. After the price reaches the top, it is usually followed by an 80% correction and two years of bear market. This is how things go.

The flow of money investing in Bitcoin is important nowadays. It is not just a couple of billion dollars as it used to be until 2017. For the last three years volumes, those we can actually count and not the fake crypto exchange volumes, are giving a signal. Any financial entity that doesn't apprehend this, will stay behind and lag in the race that will follow.

It was created to be speculative. Otherwise it would have infinite supply and mining would reward 50BTC each miner forever, without having designed scarcity. The fact that production is cut in half every 210,000 blocks is a reason for Bitcoin price to behave as it does, making extreme highs and then dropping very fast when interest fades for a couple of years. It is 100% speculative and it was always like that.