Blockchain is not a fundamental technology, it's more of a programming pattern derived from Bitcoin.

Learning cryptocurrencies one by one is a horrible waste of time, there's so many of them and 99.9% are garbage. Just learn how Bitcoin works, and then research a bit about alternative network design choices like PoS and masternodes, just to be informed.

Technical analysis is not an objectively the best way to trade, some even say it's akin to pseudoscience. Simply buying and hodling Bitcoin is one of the most effective strategies to make profit.

This isn't really exclusive to dating apps, scammers are active on all social networks and messenger platforms. You can simply take as a rule of thumb that if an unknown person approaches you and it has something to do with money, and you have to send them or somewhere else your money, then it's 100% a scam. It's actually a common sense, but unfortunately a lot of people don't have it and easily trust strangers with their hard-earned money.

He's saying it like if Bitcoin is some highly popular currency and payment method and that US is far behind China regarding it. But in reality, overwhelming majority of Bitcoin's use cases is investing, and in this regard the US is way more liberal than China, so it's especially strange to say that the US is losing some sort of race.


This is the plot of a fictional TV show Mr. Robot 

If that's true, it's just a sign that the market is becoming more and more irrational, just like during the ICO craze, investors are throwing their money at literally every coin, hoping that a chance for 5000% growth would compensate their losses. BTC goes up -> major alts go up -> small alts go up

When BTC will enter bear market, all these alts will crash to their lowest lows, so if you plan to speculate on them, don't get attached to them, don't be greedy - just take profit and be happy with it, don't become a believer in "good project", you'll just lose almost all your investment.

If you're practicing good security habits like using different emails and passwords for different accounts, using 2FA, not talking about your crypto publicly, then even if you got pwned, your money is safe. Events like this should be a wake-up call for people with poor understanding of basic security, and this forum has plenty of good guides for beginners, so use the search function and read them up.

People in the government really like to receive bribes and embezzle funds, but it would very stupid of them to store their wealth in cash or bank accounts, so they get creative and purchase properties for their relatives, open offshore bank accounts, and so on and so on, including investing in Bitcoin. They aren't buying Bitcoin because they have no faith in the economy.

Source: https://t.me/zedigital/654

Ukraine's Minister of Digital Transformation said on Telegram that 652 Ukrainian officials declared holding a total of 46,351 BTC. He commented that either they are lying to launder their money, or there are more progressive investors in Ukraine than he thought.

It's been known for a long time that some Ukrainian members of Parliament and other officials invest in Bitcoin and other cryptocurrencies, but the full scale of it has never been known. It's possible that the figure is that big, if there are a lot of early investors, but it could also be like the minister said - an attempt to launder dirty money by presenting them as a profit from Bitcoin investment.

It's possible to buy some old coins that haven't been touched for years and their private key on OTC markets for some premium, transfer them to your own wallet, and then claim that you have owned them for years and even present a signature as a "proof".

Bull market ends after a big upward movement, like 10-30% in one day or even faster. This happened in the previous cycles, which doesn't guarantee that it will happen again, but it's a very likely scenario.

Altcoins are never a good indicator for Bitcoin, they are dependent on it, not the vice versa. Even thing like Bitcoin dominance doesn't matter much. At lowest point it was at ~35%, but Bitcoin was always the leader of this market.

It's likely a net positive, but don't forget that they are not "cryptocurrency enthusiasts" - they care about themselves and would gladly support any regulation that benefits them, even if it's bad for users, like for example regulations that concern privacy. But the good thing is, they will be defending Bitcoin from getting banned, if there will ever be such a threat, and that could mean a lot.

These things aren't very relevant today and haven't been relevant for quite some time already, as the influence of religion is waning, especially in the Western world.

These days, people value themselves and their time more, so they won't allow their bosses to overload them with work without proper compensation. Also, demanding from your workers to work hard can be quite counterproductive, because the quality of their work will drop. Look, for example, at game development, where companies often demand to finish the game in unrealistically short spans, and the product comes out buggy and lacking in promised features and generally disappointing.

Your title is misleading, you're actually asking how to make money with Bitcoin.

To answer that, there's a lot of topics on this forum and articles on the Internet about this subject. But from my experience, the opportunities are very scarce, and generally it's better to earn fiat currency and buy Bitcoin with it, rather than trying to earn Bitcoin directly.

This pandemic has been going for 1 year already, and it's pretty clear that Bitcoin doesn't have any macro impact on dealing with economic problems caused by it. If you think about it, people with no money simply can't invest anything in Bitcoin, and they don't have even half a year to wait for profit, and even if they had a little bit of money, putting it in such a risky investment isn't an objectively smart move. This is why amount of people who used stimulus checks to buy Bitcoin is negligible.

$6 billion a year is not a small sum even for China, and what's the point in doing that for them? Bitcoin is not a big threat to China or any other government, pretty much everyone, including Bitcoiners, are still using fiat money for most of their purchases. If anything, it would make China look weak and scared.

The same reason as for Bitcoin's fees - the blockspace is limited, the demand is high, so fees go up. It's not possible to do anything about it, just wait for demand to fall and then make your transaction, or suck it up and pay the fee. Unlike Ethereum, Bitcoin is still decentralized due to small blocksize, but ETH got the worst of both worlds - regular people can no longer run nodes because of blockchain bloat, and yet the fees are still very high. Maybe in the future ETH will manage to roll out some new tech for scalability, but it will take many years.

Bitcoin is not a stock, so quarterly performance measurements are pretty pointless, there's no fundamental connection between times of the year and Bitcoin's price. No one should use this as any sort of indicator for their trading.

In high-frequency trading, you're always going to be beaten by someone who sits 100m away from an exchange if you're located in another country. Satellites would still have a lot of lag compared to direct fiber optics connection with the servers.


If we'll have this orbital Internet, then it doesn't change much from what we have now. PayPal would also able to work in the event of natural disasters, maybe Visa too.

If he so quickly changed his opinion because of Bitcoin's bull run, he could change it back as soon as the price will start dropping. And his ideas that you only should buy Bitcoins mined with clean energy are pretty stupid and counterproductive, so if some newbies view him as a guru, that's a net negative for Bitcoin.

But he's a small fish in Bitcoin community, I literally never heard about him before this post, so it's all not a big deal.

Depends on what you mean by "stop". Do you want Bitcoin to stop existing, i.e. no new blocks mined, or preventing 99.99% of population from using it would also count as successfully stopping Bitcoin?

In the first case, this can be achieved with 51% attack that mines empty blocks - no transactions will be possible. But it requires continuously consuming enormous amounts of electricity, and having the needed hardware. No government can afford this.

Banning Bitcoin by most governments in the world, especially those with big influence like US, China, EU would push Bitcoin underground and make it just a tool for darknet markets.

I'm sorry, but people with poor understanding of crypto shouldn't try to educate others. It's completely misleading to say that there are two types of wallets - hot wallets and hardware wallets, and that exchanges are hot wallets.
There are actually many ways to classify wallets. Hot means a wallet that is exposed to the Internet. A cold wallet is isolated from Internet and other devices, it's used to sign transactions offline and then broadcast these transactions from another device. Software wallet is run on some sort of computer as an application, a hardware wallet is a dedicated wallet device. Custodial wallet is a wallet where the private key is controlled by some other party, rather than the user. The opposite of it is a self-hosted wallet.

Exchanges shouldn't even be considered wallets, they are what they are - exchange accounts.

The scenario where Bitcoin "succeeds" by rapidly overtaking fiat in a very short span and making it lose a huge portion of its value is a fantasy. Governments would simply not allow this to happen, if they close exchanges, you can forget about massive bull runs, because there will be not enough liquidity.

We don't even know how would Bitcoin react to some apocalyptic scenario where all fiat currencies have a hyperinflation scenario. Simple logic tells that Bitcoin will benefit from it, but what if it's all not so simple? We already saw once how Bitcoin flash crashed together with traditional markets in the first days of covid, which was totally against the Bitcoin as a hedge narrative.