Here's a quick clip from 2020: https://www.youtube.com/watch?v=rpNnTuK5JJUIn summary, with cash, people have privacy. With CBDCs, the government will have total control. It's really stunning how some people actually think that this is what's going to threaten Bitcoin. CBDCs won't threaten Bitcoin.The governments/central banks behind those CBDCs can potentially threaten Bitcoin,by forcing their citizens to dump cryptocurrencies and use only the Central Bank Digital Currency. CBDCs are a trend that will continue.Governments want cashless society and full control over all transactions.Bitcoin and the altcoins might survive as an financial investment asset,that is purchased only for the sake of selling at a higher price and getting profit. |
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Sometimes exposure will eradicate such petty scams, greed will definitely lure a lot of newbies into the hands of these wicked scammers. Imagine someone promising to double your Bitcoins in 30 minutes isn't this enough indicator to alert you it is an obvious scam? The max supply of bitcoin is fixed how on earth will such a person be able to manufacture ×2 of your bitcoin within a timeframe of 30 minutes? I hope a lot of people learn through this thread.
Sometimes when people see a great promise for a major benefit/profit-their minds stop working. Even I fell a victim into a BTC scam last year.I've lost only 100USD worth of BTC,so I was lucky I guess. I just wanted to test the service offered by the scammer with a small amount of BTC and I got scammed. I was expecting to be scammed,but I still got surprised,when I was scammed.  I get why people are falling for this "double your Bitcoins" scam,even though the scam doesn't make any sense from a logical perspective. |
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I don't understand why VISA would enable stablecoin payments.What's the benefit for VISA?More fees? Stablecoins are backed by fiat money and fiat money are already used by payment networks like VISA. It looks like stablecoins are just another layer in the payment system,that we don't need. It will be great,if they enable BTC payments,but who is going to buy something with Bitcoin,since everybody is waiting for the BTC price to hit the moon. |
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Who is panicking? The current BTC market has nothing to do with the 2017 BTC market.The 2017 price pump was more artificial,because it was caused by the scam ICOs,BTC hardforks(the investors bought more BTC just for the sake of getting free BCH and selling it for easy profits) and the BTC futures trading hype. The 2020/2021 price pump is caused by legit institutional investors buying actual Bitcoins(not BTC futures or derivatives). There's a huge difference.The 2021 bull market hasn't ended,but I won't be worried,even if it ends. |
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Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds, this is a big move that will help in bitcoin adoption, the investment bank with $4 trillion in client assets will be limiting bitcoin investment to as much as 2.5% of their total networth. No,this is not "a big move that will help in Bitcoin adoption". It sure helps for the positive image of Bitcoin,but this is not enough for mass BTC adoption. 2.5% out of 4 trillion USD is 100 billion USD,but most of the Morgan Stanley clients won't choose to buy BTC. I'm not sure that they are actually going to buy any real BTC.Perhaps Morgan Stanley will just bet some money on the price movements of BTC and their customers will just get a bunch of numbers in their bank statements. |
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Nowadays everything is politics and Bitcoin cannot be kept away from this.
If dissidents and oppressed people around the world are using BTC to survive,that's great.
They could be using any altcoin they want,or even fiat money(cash,not bank accounts) in order to survive.
Should we call paper cash or altcoins "freedom money"?Of course not.
I don't want to call Bitcoin "freedom money",because it sounds cringe and we shouldn't put BTC on a such a big pedestal and turn it into some kind of religion or a "solution to all problems"/panacea.
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Most of their predictions within past decades have come true to this present day. Its like the producers of this popular cartoon tv show have a crystal ball or something. In one scene in a episode I don't know which season it shows a crypto holder buying a jet ski with a device that looks like a ledger nano or hardware wallet or whatever. The crypto holder must be rich to walk in a shop and buy his own jet ski lol. But in that episode the producers wrote a message on screen saying they know who Satoshi Nakamoto is  I believe in a future episode they will reveal who Satoshi is when Btc at its price peak or something, who knows? 1.This is a joke. 2.Since when the Bitcoin price is impacted by what's being said in a TV show like "The Simpsons"? "The Simpsons" had predicted the Trump presidency(which is a coincidence) and they predicted something like a virus pandemic,which was pretty much expected,a virus can be spread pretty easily in the modern globalized world. What the creators of "The Simpsons" are doing is something like "we know who killed JFK,but we won't tell you" type of joke.Not funny at all. |
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Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price. At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders. Credit: https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/I assume that a big part of them have lost access to their wallets. Anyway,it's obvious that the army of HODLers are the main force behind the massive Bitcoin price growth. Don't get me wrong,the institutional investors are pumping the Bitcoin price,but we would never reach 60K USD,if the circulating Bitcoin supply was higher and the HODLers were less. How more people will be motivated to buy BTC and HODL in the long term,which means that less supply combined with increased demand is a guaranteed Bitcoin price to the moon. |
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Is someone really placing bets on this s&it? What is this?Hollywood gambling? I really hate Hollywood and all those movies that got Oscar nominations are just so boring. There was at least one interesting movie that caught my attention in the previous years.This will be the most uninteresting Oscar ceremony in the history of the academy for sure. 2020 was an awful year,when it comes to movie making,I guess. I wouldn't gamble on such predictions. |
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I'm not that long term thinking and I can't plan 30-40 years ahead.I actually don't care...  There are way too many "what ifs".What if I lose my job/income source,so I can't save enough money? What if the stock market crashes?What if the bank,in which I'm saving my money goes bankrupt? What if cryptocurrencies got globally banned and the crypto prices went down up to 10 times? Anyways,your plan is about earning USD and having a US salary.I live in a poor country and the salaries can't be compared to the average US salary. |
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This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.
If somebody told me 4 years ago that Bitcoin is going to hit 1 trillion USD marketcap I would probably have called him crazy. Anyway,there's no point of focusing on the marketcap anymore.Nowadays marketcaps are overvalued and I don't think that they are accurate.I don't know if most of the crypto exchange platforms are faking their trading volume again,which helps for artificially boosting the Bitcoin(and altcoin) prices. Bitcoin is the "new age asset" for sure.Let's hope that it will become as mainstream as gold. |
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It doesn't matter if they give Musk the titles technoking,technoemperor or technogod.This doesn't change anything.
It's sad how the crypto world got obsessed with Elon Musk.All the clickbait crypto news platforms like coin telegraph are posting pointless articles like this one,just for the sake of getting traffic and clicks.
We shouldn't rely on Elon Musk to pump the Bitcoin price.We need mass BTC adoption.
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Do you think the Lightning Network will be able to challenge VISA someday? If not why? What if traditional payment processors like PayPal, VISA, and Mastercard decide to run a LN node in the future? Will this benefit Bitcoin in the long run or not? Your input will be greatly appreciated. Smiley
If the Lightning Network becomes: 1.As user-friendly as VISA. 2.Capable of handling as much transactions as VISA Then yes,there's a small possibility for LN to challenge the domination of VISA. There's another huge requirement-Bitcoin must become as mainstream as fiat money(which is less likely to happen). What's the point of Paypal,VISA and Mastercard running LN nodes?Will they get any major benefit from this? |
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Institutions seem to get wary any time price jumps significantly, and probably feel more comfortable buying in when the price isn't hitting ATHs. Given that it seems we're getting a decent correction every month, the market overall seems to not want to allow parabolic runs to go too high and become unsustainable. Unsustainable parabolic moves is how we get blow-off tops and crashes. With a more mature investor coming into the market for the first time this cycle, it is definitely possible we don't get a huge blow-off top this year, but instead just a gradual grind up in price in a way that lasts far far longer. It's normal for the institutional investors to buy lower amounts,when the price is very high. The "more mature investors" that you are talking about are Grayscale,Microstrategy and Tesla.Maybe other "mature investors" will join the BTC market during 2021,but Bitcoin will remain unstable and volatile. Having more long term mature investors doesn't mean that the BTC price will become more stable.It's actually quite the opposite.More BTC will be out of curculations,which means less market supply,which means bigger price volatility,if the demand for BTC increases. |
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The wealthiest Americans and the biggest cooperations now would have to pay more tax!! I do think this is long overdue and should be done but people of the middle class should be exempted from this , , more specifically people without a job Unemployed people don't pay taxes in any country in the world,not just the US.Learn how the tax system works. I'm not a leftist,but yes,the wealthiest people in America should pay higher taxes and yes,the giant corporations should pay more.I'm not even a socialist,but the inequality in the USA is insane. No,the middle class and the working class shouldn't pay higher taxes and they will not pay higher taxes. I'm not a big fan of Biden and the Democrats,but this would be a good thing to do.The problem is the rich people and big corporations will try to hide their profits and move them outside the US.The IRS will have more work to do. |
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I do feel there are risks with Bitcoin, and I won't drag people down with that here, but I will be diversifying that money into gold and shares, mainly tech shares.
There are risks involved in investing in general.Tech stocks aren't a safe heaven. Gold prices might go down,after the pandemic/recession ends. Anyway,good for you.I won't be selling my BTC,even if the price crashes back to 20K USD. I sold plenty of BTC last year,when the price was 7K-13K USD,so I regret selling BTC.  I never believed that Bitcoin will reach 60K USD,so I guess I'll stay poor forever. |
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I wouldn't call it "versions of bitcoin", it is more like branding bitcoin and forcing certain narratives, some of which are wrong (Reserve currency for crypto), some inaccurate (e-gold) and some are purely FUD (darknet).
And why do we need to re-invent the bitcoin brand and purpose anyways? There is already an excellent "brand" for bitcoin that was created by the creator (Satoshi Nakamoto) which is peer to peer digital cash. It is accurate and tells you everything you need to know about bitcoin.
It's not "versions of Bitcoin",it's "visions of Bitcoin". I don't think that saying that Bitcoin is a darknet currency is FUD.Darkweb markets are still using BTC and Bitcoin mixers are still popular. The way people are viewing Bitcoin has changed a lot.Nobody is talking about a cheap and fast payment network anymore.Bitcoin has turned into a pure investment asset,at least in the eyes of most Bitcoiners and BTC haters,which is kinda sad. Casino capitalism had won against Bitcoin,instead of Bitcoin becoming into an alternative of casino capitalism. Anyways,this is a great chart. |
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1.Stop asking random people over the internet about what to do your own money.It looks very amateurish 2.Learn more about Bitcoin,crypto trading,blockchain,technical and fundamental analysis. 3.Learn how to control your emotions when trading,because you might get caught in a price crash and begin panic selling,which is a bad move.If the Bitcoin price goes down,just HODL and forget about the BTC market for a while. |
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When if comes to trading newly listed tokens,the only successful strategy is to do your own research and be familiar with the crypto project,that issued those tokens.What's their business model and business plan?Does the project make sense or it is just a potential exit scam,designed to list and sell some tokens,then run away with the money of all investors.Do other investors and traders trust this project.
I wouldn't rely on technical analysis only,when trading newly listed tokens.Most of the tokens will be listed at a high price and then dumped pretty quickly.
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This is business.You can't be a friend with anyone. It's just one monopoly fighting with another monopoly. It's sad how centralized the internet has become.One company dominates the OS market(Microsoft) and the other company dominates the Search Engine niche and a bunch of other niches(Google). Every company tries to dominate the market they have conquered and tries to smash all the competitors that want to get inside their niche.I don't believe that government regulation will solve this problem. |
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