Bitcoin was created by Satoshi Nakamoto. Satoshi Nakamoto could actually be a Russian man or live in Russia, but for all we know, he could be of any nationality and from any country. So far there's absolutely zero evidence as to identity of Satoshi, so any claims that Bitcoin was created by X are just bullshit conspiracy theories that are not worth anyone's time.

You really believe that no central banks means some sort of different economic system without boss-employee relationship? Maybe you also believe that abolishing central banks will cure cancer or something?

People will always be complaining that they have to wake up every day and go to work, in middle ages you had serfdom, then there was unregulated capitalism, now we have 8 hour work days with tons of benefits that our ancestors would kill for, but people still think that going to work is some sort of torture.

There's nothing particularly new here, Electrum has been offering a 2FA wallet feature for years, which works by having a company to serve as a 2FA server that also holds one of the multisignature keys. However, users can still derive this key from seed, while the company can't, so it's better than custodial wallets, but it still has a lot of drawbacks, like privacy and additional fees, and security benefits aren't really that big.

We don't actually know if institutional investors view Bitcoin as a long-term store of value or a speculative asset. They have all seen the historical charts, so they know that Bitcoin can have bubbles, and I don't think that they are like retail investors, who hodl Bitcoin no matter the price - professional investors will take profits if it looks like there's another bubble forming.

And what are these big companies that adopted Bitcoin as a means of payments? So far in the recent times we only have PayPal allowing people to invest in Bitcoin, and that's it.

Bitcoin is growing because of institutional investors. Institutional investors aren't stupid, they can easily see through bullshit of all these shitcoin "projects", they don't buy the blockchain/decentralization/etc, hype, they like Bitcoin because it has proven itself to be resilient and solid. 2017 altcoin rally was largely driven by retail investors who wanted to get rich quick, so they were buying every single shitcoin out there, but this time retail investors aren't joining, and I doubt they will be buying alts this time, because now we have a history that shows that alts perform worse than Bitcoin.

There's no "best approach to maximize profit". If you sell your shitcoins for BTC, you're exposed to risks of holding Bitcoin, which could crash at some point. You're showing the recent market example, but think about 2017 - you could have sold ETH at its ATH of $1,200, and it would have been better than selling it for BTC, because Bitcoin fell hard. Both scenarios are possible, so it's up to you if you want to be invested in BTC after selling alts, or maybe it's time to hold some fiat currency or other types of investments. Keep in mind that altcoins follow Bitcoin when it moves, so a crash of Bitcoin's market is guaranteed to bring down all the altcoins with it.

How do you imagine Bitcoin replacing "paper money" if so far, in 11 years, this hasn't been happening, and Bitcoin's share of payments is so small that governments and companies aren't even feeling it. Do you think people will suddenly change their mind and open their eyes to how great Bitcoin is? When did such things happen in history? And Bitcoin's price increase isn't really a proof that it will replace fiat, it only means that there's more buying power than selling pressure.

I doubt that many people are enjoying this kind of forced memes that are created in such contests. The reason why these scams are doing this is because it costs them nothing to print tokens out of thin air and spend them to hire bounty hunters to do all sorts of promotions - blogs, videos, reposts and memes.

2017 was exactly like it's now - everyone talking about the price, because that's what brings a lot of people to Bitcoin - the desire to get rich quick. And asking for other people to make giveaways isn't really far from begging - no one is obligated to give out their hard-earned Bitcoins. I view these giveaways, quests, treasure hunts, puzzles as an occasional fun activity, not as some potential source of income or a tradition in crypto community.

Bots or humans, you can't stop anyone from making Bitcoin transactions and choosing whatever fee they want, that would be against the core principle of censorship resistance. Fluctuations themselves don't cause high fees, and the price action is not necessarily causing more transactions, because the coins could just never leave exchanges. Or if institutional investors are buying, then their withdraw larger amounts but maker fewer transactions.

He doesn't say that people will throw their gold in dumpsters if Bitcoin overtakes it, what he really means is that there's a chance that Bitcoin will become the new dominant store of value that is not some fiat currency. I personally think there's a really long road ahead if that will ever happen, Bitcoin isn't really well known to society right now, there's probably still a lot of people who never heard of it.

If this was true, than Bitcoin would have crashed to the ground and never recovered, because if scalability was a problem for investors, they wouldn't be investing until it's fully solved, and even Lightning Network is still not ready to be released.


You're just speculating, your statements aren't based on any facts. You just believe in it because it sounds "logical" to you.

PayPal does not allow you to use Bitcoin as a currency, they just allow you to invest in it on their platform. Maybe in the future they will try to allow payments with it, but it's still too early to speculate about that. So, Airbnb or any other company can't rely on PayPal here.

The idea that businesses will adopt Bitcoin to boost themselves is very old, and it had never proven true so far - companies like Steam or Microsoft didn't witness any increase in sales when they allowed Bitcoin payments. Maybe it will change in future, but it won't happen soon.

All these indicators are usually so lagging behind that they pretty much pointless for trading. If  they could have predicted a $18k price back when we were at $10k for months, that would have been impressive, but all what they say is the current situation on the market, no the future. If right now Bitcoin is repeating the same pattern as before, this all could just be the beginning and the price can keep climbing for a long time.

Before jumping to any conclusions, it would be better to perform blockchain analysis on these addresses. For exmaple, it's fairly easy to spot exchange transactions, because their hot wallets are well-known. If it looks like most of these new addresses were used for withdrawing from exchanges, it could mean that either new users withdrawing their coins, or existing users are buying more BTC. But if these addresses belong to exchanges, this could mean that people are registering exchange accounts to dump their coins.

If Bitcoin is gold of crypto, than shitcoins, which are like 99% of all coins, are "fool's gold". But I don't like comparing Bitcoin to gold in this situation, because it underplays how far ahead Bitcoin is compared to other coins. With metals, they are all useful in their own ways and have unique properties, but altcoins are just copies of each other, and they don't present anything useful, they don't even have users, they're just used for speculation and nothing more.

Jeff Bezos' networth is 190 billion. Satoshi Nakamoto could be owning around 1 million Bitcoins. If 1 Bitcoin would cost more than $190,000 than his networth would be more than that of Jeff Bezos', assuming it won't change, for the sake of argument. There are other individuals who hold a lot of coins, but still much less than a million coins, so Bitcoin would need to cost millions of dolllars for them to become the richest person in the world.

This is another bubble, just like the ones in 2013 and 2017, but this time it's mostly driven by institutional investors. What rises fast also falls fast, but the question is when will it stop - we could easily reach 50k or even 100k, the bullish market can continue for months or maybe even longer. Or maybe it will end soon. Bitcoin has always been so unpredictable, look at just last few years - so many small rallies, bearish declines, stagnations, sideways markets - no one can truly predict what happens next, it's all guessing.

Some governments are still ignoring Bitcoin, because actually not a lot of people in their country use it, so they don't miss out on a lot of taxes. So, if you found yourself to be a crypto millionaire, and you shiver at the idea of giving even a penny to a government, you could try to move to such country, sell your coins there and then live in said country, though there's still a chance that tax people will come knocking at your door if you didn't sell your coins for cash - all banks are monitoring your transactions too, and they are obligated to reported about any large volumes, and this can raise interest from tax officials.

There might be something psychological going on here, people who get into Bitcoin at the times like these, where price skyrockets and sets new highs every day, they are so amazed by this that they lose all their critical thinking and fall victim of things like coin doublers. which they wouldn't do if it was a fiat currency that they are used to. Newbies don't understand that Bitcoin's decentralized and pseudonymous nature means that you should be extremely careful with every transaction that you make, there's no way to return your money once you have sent them.