I would buy a single room appartment and become a landlord to have that sweet-sweet passive income for the rest of my life. Although we are supposed to have a bull run quite soon, so selling BTC today is not the smartest decision. The price could easily double or triple when it will reach the peak of the bull run, so your question is a bit too early. But it's still an important topic, a reminder to people that taking profits is what investment is about - you have made no money if you didn't actually sell.

Did she buy some BTC or has BTC-related stocks? Because every time someone influential starts hyping Bitcoin, it's probably because they got skin in the game and try to leverage their influence. But remember that these people always take profits, they don't "hodl", they invest. She'll probably sell long before Bitcoin will be even 1/4 close to that price target, while retail investors will pump the price waiting for these moon predictions.

I'm actually surprised that Bitcoin reached this level, because I was expecting a correction to happen much sooner, but now I kinda don't want to believe in major correction and hope that ETF and halvening hype will keep the corrections small and short while the up movements will be massive. Although the previous bull market was wild with unprecedented deep corrections, so this is on the table now too, but seeing below $30k again would be quite sad.

There is no single cashless society and cashless societies form for a variety of reasons. Sometimes it's because of government regulations that ban large cash transactions, and sometimes it's because banks offer such convenient and lucrative options that it's more optimal to pay with them rather than with cash.

What this means for Bitcoin is that cashless society could be both good or bad for Bitcoin. If governments don't like cash, they would regulate Bitcoin payments for the same reasons. But if people are used to electronic payments, they would be more likely to try Bitcoin, especially if Bitcoin will have some sort of edge.

The best way to trade if to do long-term trades that follow the cycle. Buying during bear market, selling during bull market. Instead of buying during dips and trying to sell tips and repeat this process in a span of weeks or even days. That's surely a good way to lose money quick, because of how unpredictable Bitcoin is in short term.

Just hodling is not a bad idea, but I regret not selling close to ATH and buying back at the bottom. Two times I got greedy and expected a way higher ATH than what actually happened. Hopefully this time I won't make such mistake.

Pretty sure that S2F was predicting above $100k BTC during the last cycle which of course didn't happen. It's just like those moon math charts - they eventually fail and get updated with new price history to extrapolate, and then fail again anyway.

I have my own theory that the price growth is slowing down from cycle to cycle because emission has less and less impact on the supply, so for having some huge price ranges like $500k there needs to be a surge in demand. Here people would start talking about being hedge against inflation, replacing fiat and so on, but Bitcoin failed to perfectly counter inflation and negative economic events, in fact it went down many times during those periods, because it's a high risk asset.

This is why Warren Buffet has no respect for crypto investors, they don't earn their wealth by making smart decisions, they just happen to invest in the correct coin at the correct time and sell it. Guessing which coin will pump next is really close to gambling, because it doesn't depend on any objective factors like network stats, adoption, project development - instead it's just hype and bubble.

No wonder that a lot of people who got rich from crypto have no idea about basic finance management and are poised to lose big if hey won't learn.

It was the crypto whales who were heavily investing in expensive NFTs, not the people outside of crypto most of the time, and these whales could easily sustain huge losses from NFTs. For them it was just entertainment and a gamble to get even more rich, which some did by dumping their NFTs at the top of the bubble.

The general public was never interested in them, gaming communities were very vocal that they will not tolerate NFTs in the games that they play, so large gaming studios quickly dropped their plans to make quick money on the hype, realizing that such integration would only backfire.

What if it does not? US economy is still incredibly strong as keeps growing. Or what if USD collapses and takes Bitcoin down with it because investors decide to move to other asset, like gold or another national currency. We already saw some correlation between BTC and the US stock market. So be careful what you wish for.

No way there will ever be regulations like that, it's too unrealistic to enforce. Bitcoin is mostly used as an investment, so governments will focus on regulating just that - having exchanges do KYC/AML. They are not even worried about people using it as a currency and not paying taxes, because people don't want to use it as a currency for many reasons like fees, volatility, deflation.

This could happen if a lot of hashpower suddenly leaves the network, like a surprise ban on mining by a few major governments. If this is timed right after the difficulty adjustment and there's still more than thousand blocks to the next adjustment, this could mean a long period of very slow blocks, which would drive the fees insanely high up, especially since people will be panic selling and rushing to send coins to exchanges. But I believe Bitcoin will survive and adapt in the long run, even if such attacks would undermine the confidence of many holders.

I have zero coins on exchanges even though I'm selling them from time to time and it would have been beneficial to keep some larger amount there instead of sending smaller amounts more frequently and having to spend more on fees. But I think the risk of storing any significant amount of coins on exchanges is just too big, they get hacked all the time, they can pull an exit scam or start having problems with authorities. So better to spend an extra on fees just to be on a safer side in the long run.

The theory that miners are making spam transactions to drive the fees up has floated around since 2016, and it never really worked, because if you are mining your own spam transactions, you are losing more money than what you gain from driving the fees up.

There's a simple explanation - there's a lot of people who are crypto rich - early Bitcoin and altcoin investors who have millions worth of coins, and those people can easily play with those NFTs even if they lose money, because they are just that rich.

You are extrapolating the data without looking at the conditions that led to such high loss. Lots of coins were lost in the early days when they were cheap and people owned thousands of coins and there wasn't even the current methods of key management like seed phrases or hardware wallets - only wallet.day file from Core client.

The rate at which coins are getting lost has slowed down significantly and it would take thousands of years before all coins are lost.

Everyone knows that in 2024 there will be a halvening, and halvening always meant bull run. Plus we have the ETF hype. The price will be rising but the peak of the market will happen in 2025, so 2025 will be the year for taking profits and for now there is still time to accumulate for those who did not yet.

So far none of the blockchain/crypto/nft games has proven to be successful because the gameplay is always garbage, plus gamers have shown zero interest in crypto and in general scoff at it, as evident by the complete failure of major gaming companies like Ubisoft or EA to integrate blockchain technologies in their games.

There are different types of adoption. It certainly hurts Bitcoin's viability as an online currency for purchases. Although 10 minutes to get at least 1 confirmation is another major problem for that. But for investing, which is I believe is the most common use case of Bitcoin, high fee doesn't matter as much if it represents fractions of percent of your investment. But even for small investors who invest like a $1,000 paying $20 fee is still worth it because they could double their money if they invest before the bull run.

Do you believe that a lot of investors panic sold their stashes that they prepared for the big post-halvening bull run? Because I believe that 90% of all trades are done by day traders who try to profit from all movements, all media narratives, be it positive or negative. If they are selling it's because they are shorting and plan to buy back later.

You don't necessarily have to be cheaper to succeed, though it is necessary to capture the widest possible audience. But even expensive things can be successful if there's demand for them, due to some other property compensating for the high price.


And this is the big reason why people aren't switching to Bitcoin - banks work quite well for them, so there's no incentive to change anything.

It may sound like the stupid masses were refusing to see Internets potential, but what actually happened is that the Internet was prohibitively expensive, the monthly subscription costed like $500 or $1,000 per month, which was way more in today's money; and the Internet was slow and not as full of organized content as it is today. If the Internet never progressed and stayed at that state, it would be very popular today.

So the actual analogy with Bitcoin is that Bitcoin won't get mass adoption unless transactions because nearly instant and with zero fees. Like what banks offer today.