Bubbles pop when demand lowers and someone starts taking profits. Hodlers may want to see $100,000 or $1 million, but new buyers aren't that excited about buying close to ATH during later stages of bull run. And these new buyers would be among the first to sell when the price starts falling, because they wouldn't want to lose. What rises quickly can and most often does fall quickly.

This bull run, just like previous bull runs, can end without any warnings, so it's best to be flexible and not set any goals for yourself, no one can predict where the top will be.

If the economic theory that favors inflation, market interjections, monetary stimulus, etc. is correct, then having Bitcoin as widely used currency could be bad, we'd enter a deflationary spiral when no one invests in business during pandemic and everyone just hoards Bitcoin instead. But if this theory is wrong, then governments would have to just redistribute taxpayers money to help those affected by pandemic, instead of making everyone poorer by devaluing currency - so in this case Bitcoin would be more efficient.

Why should you care who holds Bitcoin - institutions, whales, or average people? Just focus on your own money. If you think that you can sell high and buy low, then do it, you will have more Bitcoin. If you think you can't, then just HODL. There's no a single correct way to be exposed to Bitcoin, it depends on many factors.

Did you understand his tweet? He even spelled it out this time by saying " The key word is “almost” ". He is saying that fiat money is BS and Bitcoin is almost BS. This is because fiat money can be printed in any amounts, while Bitcoin's supply is limited, while both have no intrinsic value.  It was clear that he meant it when he originally tweeted "Bitcoin is almost as bs as fiat money" - I don't get how it flew over the heads of most Bitcoiners, I guess people are way too attached to Bitcoin and just have a knee-jerk reaction when they see "BS" and "Bitcoin" in the same sentence.

If the top will be only 6 times higher than the beginning of the bull run, then the bottom will also be higher than what you'd expect based on past performance. It really would make no sense to return to where we started from, after all this hype around institutional investments. 60k -> 20k is more real, or 80k -> 25k.

I'm continuously selling small amounts every day. The price at the bottom of the bear market is very likely going to be below $30,000, maybe even below $20,000, so I'm going to end up with more BTC in the end. I learned my lesson from the 2017 bull run in which I didn't sell any Bitcoin - be fearful when others are greedy. The bubble bursts when no one is expecting, people will first think that it's just a correction, so don't rely on public opinion too much.

Altcoin people have learned from Bcash, BSV and other forks that you can't just replace Bitcoin by saying that you have lower fees. Eventually they will learn the same about Ethereum - it has support of developers and crypto community, whiile Ethereum competitors are only interesting for speculators who sit on bags of some shitcoin and want to dump it on new investors.

You're right that BNB is centralized, and the same applies to a lot of other Eth competitors like TRON, ADA, Polkadot, etc. Ethereum itself is becoming more and more centralized with each day, so I'd be worried for its long-term future too.

Yeah, what did you expect - that institutional investors will jump on the hype train of some obscure projects that have nothing to show except for marketing materials and promises of revolutionary technologies? 2017 altcoin season was driven by retailers, this time retailers are focused on BTC, because that's were the action is. And altcoins have lost their novelty factor, they are already old news, we already have years of performance data, and it's not looking good - alts don't do well in the long run, while Bitcoin does.

I'd rather sell my Bitcoin for fiat and buy back Bitcoin in bear market. In the past cycles it crashed 80% from the peak of the bull market, and it's a huge opportunity to buy more coins for the next bull run which will happen in 2024. Or maybe there will even be a smaller bull run in 2023.

Gold isn't really exciting, and when it comes to traditional investments I'd rather choose real estate - it generates stable income and it's always in demand.

Bitcoin was at 20k 3 years ago and everyone celebrated and then it crashed hard. I understand that this is a cool milestone, but it's really not that significant. A stable price for $1 trillion marketcap would be indeed remarkable, but there's no signs that Bitcoin will be stable anytime soon. We'll see Bitcoin's marketcap gaining billions and then losing billions.

This is just marketing hype same as we've seen with ICO or Ethereum itself. Loud statements that proclaim their technology as the next big thing, a promise of adoption by everyone in the world, countless use cases and so on, but what will actually happen? Look at Ethereum, it's almost 6 years old and no one actually uses it in real world for some automated stuff, all of its use cases are just more useless crypto speculation and scams like DeFi and ICO.

Bitcoin has much better distribution than most altcoins which have huge premines by developers. Even your XLM shitcoin that you are shilling here has 19% of its supply reserved for devs.

And it's not a problem that for now only millions of people own Bitcoin, more people will adopt it in the future. Credit cards or the Internet was also at some point a technology available only for the few.

Since Bitcoin doesn't have most of its supply belonging to a single entity, there's no significant risks for decentralization or store of value use case.

Bitcoin is not a company, what's the point in comparing it with stocks? And companies are valued highly because investors have expectations about their performance, while Bitcoin is driven by pure speculation. Bitcoin will crash by 80% (based on past cycles), but Tencent won't, unless it will majorly screw up.

Bitcoin is not a universally good investment, it's a risky investment that rewards investors for high risk. It's not a replacement for stocks and other traditional investments.

Past performance does not guarantee future performance.


There are also smart investors who are adamantly denying Bitcoin, like Warren Buffet. You shouldn't fully rely on other's opinions.


Chasing revolutionary technologies is a good way to lose money, because most such technologies tend to fail.


Bitcoin can't be stopped, but it can be crippled, a ban on mining and exchanges would have devastating effects.


No it doesn't. Between 2018 and 2020 there was so many problems in the world, and Bitcoin didn't rise.


Bitcoin is not here to bring equality, it's here to give an alternative to centralized payment systems.

Why invent some far-fetched conspiracy theories if there's enough real reasons to not invest in Doge? It's a competitor of Bitcoin, but it's not even 1/100th as decentralized and secure as Bitcoin, it's even more volatile and doesn't have active development. You can't even make an argument that it's more scalable, because Lightning Network is the only way to truly scale. It's also not true that Dogecoin has strong community, as seen by reddit, its community is just people who want to pump and dump it.

More news here

Seems like the anti-mining thing is not just a driver feature and it's implemented in hardware and BIOS too. And the newly-produced RTX 3000 cards will have it too.

But I still think there's a chance that someone will bypass this technology. Maybe someone will figure out how to use older BIOS and drivers with these new cards, or make open-source version specifically designed for mining.

How are they going to force miners to update to the newest driver? Without such mechanism, this isn't really a solution. Also, miners could just try to create their own drivers in the future. And the worst, if their algorithms would detect false-positives during gaming, it could create very annoying frame drops that would ruin the experience for people who just bought a top GPU for games.

IMO Nvidia should create ASICS based on their GPU technology that will far outperform their GPU in mining, to solve the problem once and for all. Releasing dedicated mining GPU is not enough, miners actually seek gaming GPUs because they have higher resale value once the bull run is over.

It doesn't matter, Musk was never serious about Doge. And I think recently he realized that he went a bit too far, so he stated that doge has problems with centralized supply, because way too many people seriously believed that he's gonna make Doge official money of his Mars colony or something.

Dogecoin has bleak future, it gets pumped because it gets publicity, but it has no fundamentals - its development was abandoned until recently, it has no roadmap, it's just a copy of Bitcoin/generic altcoin, it has problems with a large part of supply being concentrated in a few wallets. Sooner or later the market will tire of playing pump and dump and we will see the true value of Dogecoin.

At the first days of Bitcoin, there was only Satoshi's computer on the network, so he was mining 50 BTC every 10 minutes. Then more people joined, so assuming they had roughly equal CPU's, this rate decreased proportionally to the number of active miners. Then, after a year or more, someone wrote code for using FPGA and GPU for mining, so it was already not worth it to mine on CPU.

Your fallacy lies in the idea that transactions will move to centralized IOU systems. Any person who is into Bitcoin for the technology would never use such system, so they won't be taking Bitcoin's users, they will have brand new users, who would probably not use self-custody Bitcoin due to lack of knowledge. You are also forgetting about Lightning Network, which will also offer cheaper and faster transactions, but without giving up your control of the coins.