What I know is that payments will be possible in Bitcoin, FIAT, and for some reason an altcoin whose name I don't want to mention at all. In other words, some will certainly decide on a bank transfer because it is a much easier option for them if they are already planning to sell BTC, and let's assume that the trustee will sell BTC through OTC.

Regarding confirmation, there is an official document that confirms that date, but as a deadline for submitting applications and correcting existing ones - while payments will start as soon as possible after that date. Maybe finally, after 10 years, the creditors will wait for their moment, and maybe not - after all, these are "super-efficient" Japanese people.

https://www.mtgox.com/img/pdf/20230106_announcement_en.pdf

Every year the same stories, only the numbers change a little, and they are all just guesses and nothing more. At the end of the day, companies that conduct such analyzes must somehow justify their existence and advertise themselves a bit - and if we consider that one of the largest CEX recently published a survey in which it claims that some 75 million Americans will buy Bitcoin by the end of the year, it seems that the age of recycled news is in full swing.

Judging by the style of writing (use of capital letters in words where it does not make sense), it is possible that it is the same person who has more than one alt account, because I noticed a similar style of writing in some accounts that had similar posts in Economy boards. What most of them have in common (apart from the writing style) is that they appear during the bear market, because they want to show that they understand what is happening and in some way help others to understand it.

It's not nearly as complicated as you might think, because it's just that there is an option to increase (bump) the fee for your transaction in case you set too low a fee and the transaction got stuck because the mempool found itself under a much higher load than it was that was the case when you sent the transaction. In that case, you will simply select RBF (replace by fee), enter a new fee and broadcast your transaction - and the miners will confirm the new transaction before the old one, which becomes worthless.

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I am more in favor of the approach that if you want to do something, do it the right way, because you will save yourself a lot of time later. Many times using Electrum, I experienced that the wallet itself offers a fee that is not quite in line with what mempool shows, and I think there was also a discussion on that topic in the Electrum board. That's where you're in trouble, because if you made a transaction with a low fee and you don't know about RBF, you'll think that Bitcoin is slow or you'll panic and come to the forum to ask why the transaction got stuck.

I may have an approach that is not the simplest, but some people later thanked me because they understood much better how Bitcoin works and of course they pass that knowledge on to others.

This is about endless possibilities of manipulation, and in fact you don't need any data to justify the results you present to the public - because the respondents are of course anonymous. That's why all such surveys should be taken with a grain of salt.

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From what I see from the US media, I conclude that the average American has a pretty good idea about Bitcoin, because it is actually an everyday topic for them. It's not just the media, but also the fact that the US has about 90% of all crypto ATMs, that it has large CEX and companies like MicroStrategy or Grayscale, and that all this plays a big role for potential investors.

When you look at things from that angle, it doesn't look like the situation regarding Bitcoin in the US is that bad, except maybe when it comes to taxes - but in general, it all depends on how each federal state takes its stance on the matter.

Who says that BTC price drops are not good news for some

According to today's news that I have read, it seems that the EU will not adopt this law after all, because Germany and Italy are putting a lot of pressure to prevent that from happening. Of course, these are two countries that have a significant share in the production of cars, and such a law would have a very harmful effect on their economies. This does not mean that the share of electric cars on the roads will not increase, but I do not believe that such a ban will come before 2050.

In general, any non-custodial BTC wallet is better than custodial options, but only if certain prerequisites are met.

• That the computer or smartphone on which we will install the wallet is clean of viruses/malware, and that we do not use it for those activities that carry potential risks (cracked software, torrents, pornographic websites).
• That these devices have at least some kind of protection against the aforementioned threats, and that they are up to date regarding their operating systems.
• That whoever uses such a wallet knows the importance of a backup, and does not save it in an inappropriate way (as plain text on a computer, in the cloud or e-mail).

For someone who wants to convert all their funds into Bitcoin, all the above mentioned things are extremely important, with the note of course that volatility should always be kept in mind - because not so long ago the price of BTC exceeded $25k, and today it is close to $22K, which is not easy to accept for most beginners.

@DaveF, we have no reliable evidence that the account changed owner, and BPIP only shows that he reset the password three times via e-mail in the period from 2018 to 2020, and I'm not sure if this could be some kind of indicator that the owner has changed?

However, I admit that it is a bit strange to see that your feedback shows his account as Light Green, which is not very appropriate for those members who publicly offered their BTT account for sale. Also, I can't say if @ONLYfree has anything to do with these three accounts that sell BTT accounts on the forum and that have been tagging me at the same time - but they all have his old thread for reference.

If you have read all the other feedbacks, this one is particularly interesting and leads to this post -> https://bitcointalk.org/index.php?topic=1702409.msg18425502#msg18425502

I thought you were only looking for serious investors, as you wrote in the other thread - but it seems that you have decided to share your enlightenment with ordinary mortals. I will repeat to you again that some people are always in a panic, and that those who know at least a little about how the market works do not have any problems in this or similar moments.

In fact, you haven't written anything useful, and most of it is incomprehensible to the majority who will read it anyway. I'll just say that your writing style reminds me of some trolls who appear from time to time and pretend to be "experts.

It was clear to me that they were alts at the moment when they tagged me at the same time, although it is also clear to me that the person behind those alts probably has dozens of accounts that he sells and through which he sells. Unfortunately, as you can see, the whole thing about selling BTT accounts has been put aside and 99% of members no longer want to spend a few seconds of their time to tag such accounts.

Maybe I should have stayed away as well, and if I had, I certainly wouldn't have found myself a target of that mafia, which is probably even now figuring out how to take revenge, because tampering with someone's profit, regardless of what they do, is very dangerous.

Mathematically, it works in principle, but the problem is how such surveys are carried out in practice. I only know that such surveys are quite misused not only for PR company purposes, but also for political purposes, especially in the time before the parliamentary elections. If someone says that the error is less than 3%, and you have multiple examples where it is close to 10%, then it is clear to you that someone is manipulating the data, that is, that they are either very biased, or they are inventing the data in favor of someone who pays them for it.

For years we have been bombarded with surveys like this, and we know that they have nothing to do with reality - whether it is the US, India or another country.

At first glance, it seems like a one-man operation, so although this is probably not the case, who can say with certainty that in the event that the "beloved leader" disappears like Cotten (Quadriga) most of the client's funds will not disappear with him?

Therefore, I would not advise anyone to believe those stories that their funds are "safu", while at the same time the owner calls them incapable of protecting their funds in non-custodial wallets. I have never appreciated people who underestimate their customers like that.

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@hugeblack, did you misspell their name on purpose - I noticed you did it twice? I don't like doing free advertising for them either, although I have a slightly different way of doing it

The whole story is just proof of how much influence the media has on the average person who has "heard" about Bitcoin, and in fact cannot make a clear difference between Bitcoin and all other cryptocurrencies that in some way imitate the same, whether it is about max supply or they just have a name starting with B.

I don't like to interfere in other people's decisions when it comes to finances, but I would definitely warn everyone that this is not the Bitcoin they may be thinking of. However, if someone really wants to invest in altcoins, it is his decision and we should respect that decision. I know some people who bought BTC forks and still keep them today, but I guess it's a good feeling to have one whole Bitcoin, no matter what it was called and how meaningless it was.

That's a good question, although there isn't just one answer to it. One of the reasons is definitely that people are used to using ATMs, and the other is because they generally don't have to do KYC. However, anyone who pays such a large fee cannot justify it with anything other than complete ignorance of what the real price is - there is no other justification.

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It's a free market, and it's nothing new that we haven't seen before when it comes to the price difference. During the big bull runs, the difference in the price of BTC used to be several thousand dollars in some countries, so some even thought of moving to South Korea or at least finding someone there, because then you could really make a lot of money selling BTC in that country.

Backup is only part of what we are talking about, and that part is of course not too demanding, unless you are going to explain to someone how those 12 or 24 words have a backup function at all - because 99% of people think that words are just words, and yet it is a visual presentation of something much more complex.

On the other hand, try to put yourself in the position of someone who installed a wallet, had a backup and now wants to learn how to make transactions. You have to explain to that person what a public address is, what a change address is, what clipboard malware is, what a fee is and how to set it up correctly, what RBF is and how to use it in case the transaction gets stuck... In addition, if the wallet is not localized in a language that the person understands, you only have one more problem on top of everything else.

I don't see how using Bitcoin can be simpler than it is now, but let's be honest, it's not for anyone no matter how hard we try to make it.

What kind of panic are you talking about? All those who have no idea what exactly they are investing in will always be in a panic, whether they are losing money or making a profit. Smart people know exactly what the correct position is, but they don't bet in the short term.


Where did you get the idea that institutional traders are on this forum? Do you think Saylor, Silbert or Draper spend their time here making billions?

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You can try, but if you want to have any chance try to write their name in the correct way, because otherwise they won't consider you as the expert you pretend to be

Who says that they invited him, and not that it was the other way around? (I know what he wrote on that matter). At that time, it was obviously important for him to earn an easy $3000, and a few years later he showed that he did not even know how to verify a signed BTC message and believed that some scammer is Satoshi.

No, I don't think that Bitcoin is an invention of any agency with three or four letters, because they basically were and still are very unintelligent for such things. If terrorists roam the country for months or even years and then steal passenger planes and carry out attacks across the US, then it is clear how much IQ those who work in such agencies have.

It's not literally half, but according to data for 2023, even around 35% of the world's population does not have access to the internet at all, while it is questionable how many people have a permanent and high-quality connection to the internet. Many members of this forum from some African countries have exactly this problem, their internet actually depends on whether they have electricity, and this makes their activities much more difficult - although this is not something specific only to Africa.

But even if we take the 2/3 who have access to the internet, looking at it as a whole, all researchers say that less than 5% of the world's population is in some way involved in cryptocurrencies, and of that number there are certainly many who have invested only in altcoins.

When you draw a line under all that information, then your question cannot get any kind of positive answer, regardless of which aspect of the problem you are talking about (if the problem exists at all).

As @lovesmayfamilis noted, you're kind of contradicting yourself - because no matter what you're talking about, you still think that Bitcoin is exclusively an investment, without even mentioning that it's a decentralized cryptocurrency that should allow anyone at any time to make a transaction without seeking the approval of a bank, government or other institution.

I'm not saying Bitcoin isn't a good investment, but it wasn't created exclusively for that, use it as a currency from time to time