Let's get some things cleared here. Real HODL enthusiasts want to see it at 100k, but they aren't waiting for that level to dump everything. I used to hodl at 1k and waiting for 2k to come, but I kept hodling at 3,4,5k and so on. If we hit 50k, I'd probably sell 1 BTC to celebrate and pay for big holidays for my friends and family at some beach resort, but I wouldn't dump my coins. Hodling 4 life!

Fees are not going to be much higher in satoshis. Satoshis will be much more valuable in fiat so if we go up fast to reach 50k next year you will probably reach a point where a transaction will cost you $50, but it will still be 0.001 BTC The same 0.001 that you have to pay now for a fast tx.

Bunch of speculation in the first post that is really easy to counter. For instance:


Chances of that are extremely low. I don't recall a single case where someone generated a key to a wallet containing unspent coins.


Then you have to report theft. Usually people who have a lot of coins keep them on a hardware wallet with additional seed backup hidden somewhere.


You wouldn't have to prove anything as long as you have the backup and are able to withdraw coins to another address.


Do you believe someone who stole a private key would go to court to prove ownership instead of moving the coins to his address?

Moving the coins might be one of them.

If we look at the previous bear/bull cycles, it would be natural for the price to be drawn towards points of resistance to test them. It's a normal situation for any asset to do so. We broke the 14k resistance and the price exploded because there are no known resistance levels above that price up until maybe 17k. What the charts are showing is that most of the fiat that was waiting to come in has done so and we'll either have to wait for another wave of deposits or a small correction, maybe to 14k? Touching 14k and moving back up would be even more healthy than a rocket flight to 17k.


Anything to support that, or is it just your bet?

Sorry, but I don't understand point 5. How does it boost my bank account? When it comes to Bitcoin,  one of the most common misconceptions is that you need to learn it before you buy it. If you treat it like a stock, buy it and hold it on one of the big exchanges (considered relatively safe), you don't really need any knowledge but the most basic understanding of the concept. I have a good laugh when people who spent some time on the forum start threads like this telling people to boost their bank accounts with Bitcoin.

Its normal for new job opportunities to open now and then when technology gets adopted. It was like that when computers became mainstream and typewriters begun to go out of use.
I remember years ago, in 2015 or 16 there was a thread in "legal" where a lawyer specializing in cryptocurrencies and taxes was offering his services. It was only a matter of time before accountants started to do the same.

In Austria they're introducing curfew. You won't be able to leave the house at night, which is pretty much what they did in Italy in Spring where people had to party on their balconies because they were not allowed to go out. At least I'll have some free time to do work around the house and tidy up a bit. Just for the record, none of my friends and family are sick. They are reporting thousands of cases every day and I'm yet to see someone get sick for real.

Warren also said in a number of interviews that he doesn't invest in new technologies. I'm pretty sure somebody asked him about Bitcoin and since he was not interested at all and had only basic understanding of the concept he took a negative stance. Who can blame him? I think that people here pay too much attention to what he says, forgetting that he let a number of great opportunities pass him by in the last 20 years.

Just because you don't trade other currency pairs doesn't mean the rest of the world is the same. If you haven't seen other predictions it's because you haven't visited sites where those predictions are posted or had them set to view only USD pairs. You can do that on tradingview. Go there and change the setting to GBP or EUR and you'll see different people with different predictions. The site is set up in the way that people who trade USD pairs don't see predictions made by other currency traders.

Bitcoin is a work in progress, just like any open source program.

Left or died?
When a project gets abandoned it doesn't mean it's finished.
Let's think of an example. You are working on a book and get sick before finishing it, but whatever was done gets published anyway. Was it finished? Did you leave the project? Also no, because you're still alive and can technically add to it in future.

 

I'd probably do this. The problem is that it's hard to get all the needed proof of gains from the casinos and exchanges, so I'd pay someone to fill the paperwork for me and take the blame if anything goes wrong. Depends on how much gains you have to report. If it's something like 100k USD, don't ask on the forum or try to work it out alone. You have too much to lose.



What's the point of this post? He is asking how to pay his taxes in the US and your answer is "I don't live in the US and I don't pay taxes". That's not only off-topic but also brings nothing to the thread.

 

I don't understand such threads where people ask random strangers if they should buy/sell (in this case sell) or wait. Nobody is going to make the decision for you, it's like asking if you should change the car or keep driving the old one. It comes down to whether you need something or  not, whether it's something you can afford or not. For instance, if you're living with your parents and could move out and start living on your own it's definitely a good idea to spend some money or withdraw some investments. Being a burden to someone else is not something you should be doing and it's going to weigh on your mental health, sex life and self esteem. I have my own house, a car, some cash, so I don't need to sell my bitcoins.

You need to travel more often. In Europe almost everyone measures the value in EUR.
What?  
Is that good or bad? I hope you understand that 21M@ 200k USD is a lot, but the same number @ 2k USD is not.

Bitcoins are more important because you can't make them, can't print or seize them. They will be here when fiat currencies are long gone. The uestion is what will their value be at that point.

Everything changes and so does Bitcoin. It is now different that when it was worth $500 of course. You feel that transactions became expensive because you measure them in usd.
IF your AD network OP paid you 0.1 BTC a month and you had to pay 0.001 BTC to send that transaction, it should be the same now, but it isn't. I'm sure when your employers saw that bitcoin increased in value 10x, they begun to pay you less and now you feel like you have to pay higher fee, but the fee is the same! You are earning less coins, so you feel like you have to pay more to process the transaction, but it's still that good old 0.001 BTC.

Good summary OP.
What I'd like to add to this is that saying that Bitcoin uses energy should not be a negative point. There are finite and infinite energy sources. While oil is finite, energy produced from the sun is not and with enough solar panels the netwok can be supported indefinitely. As long as Bitcoin mining can finance the production of these panels, it's all fine.
People who use such arguments to attack Bitcoin are dumb.

If you lived in the US and saw BTC rising a week before elections when at the same time every news channel is full of news about candidates you'd feel like there's a connection. It's that easy! Election is the biggest news in the US right now and at the same time Bitcoin is undergoing the biggest pump of the year. Are they right? It's hard to say , I don't feel like the election made Bitcoin pump. It sure made stocks dump...

I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king

The answer is really as simple as it can be. It's because of the demand and you are asking about it precissely because you don't understand it as a financial instrument.
How can I better explain to you why somebody is willing to pay x number of USD for decentralized, unseizable, deflationary and easy to hide form of money?

To be honest, Warren is already a walking relic of the 20th century.

Of course in some countries it's banned or highly restricted, but we're talking about its general worldwide use, not country-specific.
Fortunately more than 90% of the governments do not restrict Bitcoin users in any way. You really have to look to find a country where you are not allowed to use it.

First of all, we should ask ourselves if the digital money make a country better or more powerful in any way. I din't believe that the switch from traditional to digital fiat banking made countries so much better. It's something we could call natural progress and it doesn't really make or unmake a powerful economy.

At this point it's not a question of if but when. We've just established a new yearly high today, so the uptrend is very strong. With 14k broken there's really nothing between 14 and 15 k that could be a resistance. The only thing that could stop us from going above 15 k in the next 2 weeks is a big and unexpected whale dump. We're in uncharted waters now, as anything close to a resistance at this point is at 17k.

Bitcoin has more uses than simple investment. It is being used for purchases,you can actually charge a debit card or a phone with it and use it for payments, you can order food online or buy electronics, you can of course spend it on mining hardware. Now, is it needed? I'd say the demand on the market shows that it is. Is it only needed as an investment? Again the answer is no, because companies are starting to treat it like backup money, or emergency funds that cannot be seized.