That's true but the actual problem is when people don't understand the disadvantages of using these services not their existence. In fact I believe it is not a bad thing to build centralized services on top of a decentralized system and they actually provide some benefits too. For example the payment processors give merchants the option to receive bitcoin and convert it to fiat very easily and vice versa. Or centralized/custodial wallets (even government controlled wallets like Chivo) allow absolute newbies with no technical understanding to still use bitcoin.

P.S. I myself started my journey from a web wallet...

Bitcoin can not solve all the problems. If the political system is corrupted, the corruption has to be removed even if it is too deeply rooted that the whole system has to be overthrown and replaced with a new one (aka through a revolution).
If you add bitcoin on top of that corrupt system, it won't do anything and in fact it may lead to more corruption. It is like adding some clean water to an already dirty/muddy water and expecting it to become clean.

Regardless of who said this and why, the $1 million price is still easily achievable even though it may not look like it when we are in a crash/dip. One thing we've learned from the past is that bitcoin is the only stand alone market in the world but it still is affected by major global economic events. For example right now the Western economy is in ruins, the more they try to increase the interest rate the more they are trying to keep it alive artificially. But they've already increase it 5 times an the effects of it are starting to fade away without them being able to decrease the energy price (eg. oil and gas) so now they are facing both inflation and recession.

The point is that as soon as this game with interest rates stop and the economic crash completes naturally, we can start seeing the bitcoin price go back up again and this time due to the fiat like dollar tanking hard, the bitcoin price would go a lot higher than what we'd expected and a price like $1 million would be nothing by then since $ is not worth what it used to any more..

I think a lot of people don't know what having privacy means for them because they haven't faced the consequences of not having it yet. It is like health, you don't pay attention to it until you lose your health. Then you realize what it meant to have it. We can ask the same question from these people: why do you not care about your health, why not eat healthy, exercise, etc.

To some extent this is true about those who keep their coins on exchanges. They don't really understand how big a mistake they are making because they haven't lost their coins yet. But when they do, it is already too late.

Long term Hodlers aren't just holding bitcoin, they are the ones that believe in the technology so they actually continue buying more of it whenever there is a dip and buy a lot more whenever there is a big crash. We are in a crash these days which has led a lot of old timers start buying a lot of bitcoin to take advantage of the discount.

As for the price, I don't think that much is going to change until the global economy stabilizes. We keep seeing "shocks" to the economy and they are going to get worse the colder it gets and the more severe the energy crisis becomes in Europe.

So you just approved what I said, US is arming Greece (with modern weapons that are not meant to be sent to Ukraine). The rest is correct but irrelevant.

Again you are not wrong but you are missing the point. Turkey is only useful for NATO as long as it is playing for the NATO and not themselves. If for example they get closer to Russia (eg. to solve their energy crisis and the 90% inflation rate) they lose that usefulness.
There are also a lot of other plans they have for Turkey such as invasion and total destruction of another country called Armenia so that NATO can come to the Caspian sea and steal the massive amount of gas there to solve their own energy crisis.
And a bunch more.

As I've said many times before, Turkey is only in NATO as long as it is useful for them. Otherwise they would kick them out very quickly.

The Europeans can't handle the level of negative public opinion against the dictatorship that brutally murdered a reporter. Besides the plan for the Saudis were another NATO which is commonly known as "Arabic NATO" that would have consist of a dozen countries in West Asia to form an alliance to act as a proxy between US and Iran to fight instead of US!
It never got anywhere though which is a very funny story

It is interesting how you defend Russian invasion and occupation of special operation in Ukraine. They say the same exact thing that they aren't at war with Ukrainians, they are just fighting terrorists and are denazifying the region.

He is just playing the legal system and by abusing the flaws in it he is trying to get his way. The simplest example of it is the case against Cobra, he simply didn't show up to court so CSW won the case against him easily! It still would have worked even if the judge were the most tech-expert on the planet.

P.S. Interesting timing about this new shenanigan. A cryptocurrency exchange (FTX) goes down causing bitcoin price drop, now The Scammer is going after a major bitcoin exchange...

That's normal. Anybody who has any amount of bitcoin fees like that when they see a big drop, more so when price goes below a certain strong resistance such as $20k, even more so when the drop is illogical (like a panic sale).
But if you think the psychological pressure is too much it may be because you have invested more than you can afford to lose and you may want to make some changes in an appropriate time.

What the hell does that even mean?!

You can buy $1 worth of bitcoin so it is still very affordable.

It still is. I have personally gifted bitcoin to those who are interested it this currency (not those who want to make a profit) and will continue to do so.

You can find the same exact topic as yours in 2017 from people saying those who bought from 2009 to 2014 are the lucky ones!
You will find the same exact topic in 2024 again.

Bitcoin is not supposed to make anyone rich. It is a currency that is designed to give you financial sovereignty.

To be clear if you want to send to a Taproot address you should definitely upgrade your wallet (assuming the wallet software has the feature) because the new address format is slightly different than the SegWit version 0 even though it looks the same.
In other words if you enter a Taproot address in an old wallet that supported SegWit, it should reject it for having an invalid checksum (the new address format uses different details when computing checksum).

I still believe that the bottom was reached months ago which means any lower price we've been seeing ever since then is making bitcoin extremely undervalued. If I wanted to be generous I'd say the bottom was $20k (bu I believe it is higher) so the current price is an unnatural level exactly like a couple of years ago when price entered $3k range and that too was extremely undervalued.

As for accumulation phase, right now it could happen at a discount. People who have fiat to dump, are enjoying this time since they can now buy more bitcoin with the same amount of money.

The reversal however is going to start only when the Western economical crash starts slowing down and the recession stops growing. Until then, each time another industry shuts down or fires its employees we will see its effects (even small ones) in bitcoin price.

One of the biggest effects that is overlooked is going to be probably on Ukraine since their corrupt government has had investments in FTX and they were even laundering a large amount of donated money through this exchange turning a large part of it to bitcoin to store in their private offline wallets for the future.

Isn't renBTC a centralized shittoken on ethereum platform? In other words it is not even bitcoin and it may never be converted to bitcoin. They may even seize it there or funnier would be if they exchange rate of this shittoken dropped to something like 1BTC:1000renBTC ratio

This is what I expected too and it is a logical thing to expect too. Here is the important part: this expectation is correct!

The only reason why bitcoin price is not going up is that we are not seeing inflation alone. We are seeing inflation and recession. As the economy tanks and companies shut down or let their employees go, people don't have enough money to make any kind of investment. Instead they have to dig into their savings, their investment, etc. and that means selling more bitcoins instead of buying more. Hence the drop.

Otherwise if this was only inflation (price of everything going up) without people losing their jobs or having decreased income, the bitcoin price would have been over $100k by now since people would have made investments with they money they had to keep their purchase power.

Dropping down a certain amount does not guarantee further drops. In other words dropping down to 15500 doesn't mean it should continue dropping another $2k.

Impossible to predict. As I have been saying over the past couple of months, the market is completely unpredictable and the only way to see major drops is to see major events (eg. US/EU economy crashing or the FTX scam).

It depends on what you mean by "crypto" and "survive".

The shitcoin market (aka crypto market) will continue to exist and survive the same way it has been surviving so far, by pump and dumping to attract gamblers for quick profit/loss based on their bets on different altcoins. It is not actual survival though since the altcoins will remain useless and without any actual adoption outside trading.

As for bitcoin, nothing has changed and nothing will change. It is going forward with the adoption and if anything the recent FTX thing proved how much stronger bitcoin has gotten. You should know this better if your claim of being around for 9 years is correct! Each time a hack of such scale happened the crash has been massive starting from 40% all the way to 80%. This time we only saw a 15% drop and this is during one of the worst global economic crisis in bitcoin's entire history.

First lets clarify the difference between Bitcoin protocol and Bitcoin software.

There are lots of Bitcoin softwares like bitcoin core, Electrum, Trezor (firmware), bitaddress,... These tools can have bugs and errors. Since they are open source anybody can find the bug and fix it and then share it with the community, otherwise you have to report it to the developers of that software to get them to fix it.

The Bitcoin protocol on the other hand is just a set of rules, they don't have "errors" as you put it. It can have security flaws but since the protocol is old and is rigorously reviewed and tested it does not have any security flaws. But if any were to be found they have to be reported only to the reference implementation team (bitcoin core) to be discussed and fixed appropriately similar to how the new features are added.

To be fair if you look at the long term history of bitcoin and altcoins (meaning over the past 10 years for example) you can see that altcoins are always dumping without needing something like FTX hack happening. Such hacks only speed up that dump in short term. But when it comes to bitcoin the same thing only causes a drop in short term due to panic sells which will be recovered, something that won't happen for most altcoins (although some would recover before dumping again).

P.S. You can't lose more than 100%. Only gain can be higher than 100%.

The new world order that is already established has split the world into regions where super powers dominate there and they can form alliances and relations between each other. There won't be any unipolar world any time soon. In these regions there will be certain currencies in use which could be converted between powers but again there won't be a singular currency to be used globally. It would take time for this new order to solidify though.