Firstly, most crypto miners are typically in locations with extremely cheap energy, due to an energy surplus. this means that if Crypto miners were not using the energy, it would go to waste anyways. Secondly Let's see what is the energy use of the banking system with all it's servers and offices everywhere full of client computers, ATM's, service points where the lights always stay on transportation of cash, etc. I am sure it is very larger than Crypto mining. Third with migrating to a PoS or other protocol you can get less than 1% of the energy use compared to current consumption of crypto mining.

Let's assume you bought at $6,000, it goes to $11,000 and you sell. But from $11,000 it keeps going up and up and there is a lot of uncertainty what buying low actually means now. a lot of people just remove the complication of continuously following the market and just hold because they have the belief that Bitcoin is going to be worth a lot in the long term and they find little value in day trading. there is nothing wrong in either strategy, it's just preference.

I think we are in a bearish channel until we hit $5,500 where is bearish meets rising support, and we can bounce off or could see a steep drop, maybe even to $4,000 or even $3,000. analysis shows this is still possible, even though that would mean we would straddle or go out of every big bandwidth calculation. Tax-wise this could be interesting for a lot of people to go into the new year on a low price. then it will start bullish in 2020, with maybe another big drop, but stay bullish for a while towards and after the halving. I see no way that won't have a positive impact on the price of bitcoin in next year.

We can't say that because we never know, when or if at all sleeping coins will be moved again. Perhaps we can tell something about the likelyhood. But that means nothing. although it's not a science but estimates are 3-4 million currently lost, means truly lost as in can never be moved again. this also assumes Satoshi doesn't have their private keys.

I think to reach $1 million there could be truly extraordinary growth in demand, probably caused by a worldwide lack of faith in fiat or some other major event. but even in the absence of much growth, if Bitcoin remains the premier cryptocurrency, then I'd expect the value to continuously rise in real terms because BTC is highly deflationary. so I wouldn't be surprised to see $19,000 again within a year or two, but I'm not sure about growth to $1 million in the next couple of decades at least. the fact is that most people are fine with using things like credit cards, bank auto payments, bank-linked payment apps, etc.

I think the rate of manipulation and volatility remain high because people leave BTC on exchanges. if you want to end manipulation and reduce volatility there is a very easy move and withdraw your BTC to your personal wallet. never deposit BTC into an exchange unless you plan to trade it immediately and always withdraw your BTC as soon as you buy it. furthermore leaving BTC on an exchange is pure foolish. while it's there it's not yours, and may not even really exist.

Yes, we heard bitcoin died like 300-400 times already but what is dying is the bank account of some late investors who entered the market this year with all the sheeps, but not Bitcoin. Don't confuse Bitcoin dying with people losing it's money. they're very different things and people confuse them all the time, especially when they're deep in red. the current phase is called price discovery. the market seeks to find the real value of one BTC. price jumps and downs a couple thousand each week, so what. All people are doing is speculating.

A lot of users still feels confused about what wallet to use, but it depends on what you need it for. If you want security, then cold storage wallet like Ledger Nano S or Trezor is a good option, especially when you have some valuable coins. If you want a secure desktop wallet you could use Exodus or Atomic wallet. there are also web and mobile wallets that are good for fast transactions but are less secure like Coinomi.

As a advice If there's anything I've learned being here for a while is "always have low expectations". You won't ever be disappointed. I see too many people saying how great things are going to be during a specific time and it end up being the complete opposite. at the moment Bitcoin and all the cryptos have a massive scaling issue and couldn’t even handle mass adoption at this point, it’s not about some good news from Coca-Cola, VISA or Walmart. Further to this there needs to be a lot more developments in the user-friendliness of crypto in general. I don't expect much from crypto world in next year, I could say 2022-2023 is our earliest possible better dates.

I think, with current situation, adoption won't happen because of dumb tax laws that treats Crypto like property instead of money. Even someone with honest intentions, can never use crypto as a means of exchange because of the tax headache. capital gains tax, fees from exchanges and transaction fees together makes it a very expensive way to buy a coffee. so the space is full of HODLers saving for their Lambo. Have sensible tax laws crypto or preferably none and lower transaction fees, and then more businesses will be open for Crypto payments. as a result you could expect adoption in early 2025.

In my opinion always invest in real projects and just like anything else ride the waves up and down. Jumping from coin to coin with just hoping something bumps back up is a bad idea unless you're going to stare at your screen all day. moving in stablecoins in falling market is a good idea but HODL is better. however if you want to do something you can rebalance your porfolio if there are coins that you're not 100% sure and you're not losing too much on these. Increase your share on the coins you trust the most, leave some in a trading pair to buy further dips and keep calm.

In my opinion most people don't care about bitcoin or the technology. This is just a get rich lottery ticket they bought into. As the price declines more people realizing that it is a losing lottery ticket. Nevertheless I'm in it since 2015 and I do a little panic. this is several months of continuous decline and I don't see any sign of any buyer anywhere. Order books are ultra thin on every single exchange. People who've been burnt during the last couple years aren't going back to Crypto anytime soon. I'm not selling anything though. I sold enough near 13,000 USD but I'm still very concerned for Bitcoin and crypto in general.

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

It shows that in the current system saving money in the bank doesn't increase your purchasing power, the life gets more expensive while the interest the banks give you is less or much less than that. in an inflationary system you lose around 2% or more of your purchasing power if you keep the money in your bank or under your bed. Rich people invest in bonds and stocks and they gain more than what the price of living increases, let's say they gain 5%, so overall they gain 2% each year. You need to invest unless you want to get poorer, and only the rich people do, because poor people don't have any money left to invest.

Now everyone could understand the power of Bitcoin. In a deflationary system you gain purchasing power just by saving because prices tend to go down, so just by keeping your bitcoin you gain, let's say 0.5% each year. This works for both the poor and the rich. If you want to make more than that, you will have to take a much bigger risk.

Bitcoin investing requires an iron stomach, but it's easy to get an iron stomach if you can grasp a firm understanding of how and why Bitcoin works. Once you've crossed this mental threshold you realize the price today or tomorrow doesn't matter, you just know you must accumulate as much as you reasonably can before wide spread adoption. I remember reading posts like these in 2015-2016 as morale boosters. They still make me feel bullish and that bitcoin is still cheap at $7,200. If you can manage to accumulate 1 coin or even 0.5 bitcoin and hold it for 10 years you will have a lot of purchasing power.

I think China was once one of the more strict countries when it came to cryptocurrencies, but it appears that they are now moving to a somewhat more friendly approach to it. Because they know by getting their people educated about Blockchain, they can and will lead the world into the next century, and If US loses the USD reserve status and PBOC believes bitcoin replaces, then they're very well positioned given bitcoin mining pools and ASIC production. the crypto Ban is only temporary giving the Chinese bank time to regulate. Cryptocurrency isn't some back alley invention. It was created to change lives and to do that the super powers of the world will attempt to regulate and control it.

It depends on your mindset. On the one hand, I may recommend a 100% bitcoin portfolio because it's the most stable crypto currency. The other major currency tends to follow it's fluctuations but they are much more vulnerable to speculation due to the lower net worth. It's much easier for someone with lots of money to first buy a lot of, for example Vechain or Nano, and then flood the market in order to buy in even lower when the course crashes. On the other hand, altcoins have made me 10-20x more money than BTC. therefor my investments mainly go into alts, that will double overnight as opposed to BTC.

In my opinion, yes. Altcoins yields higher returns than bitcoin in bull market, although it is bitcoin that commands the bull-run of the market. it's possible that bitcoin will keep going up and altcoins go down in coming near future, but some altcoins will start to recover and  some of the investors will realize that the gains they make on altcoins could easily outperform the gains from bitcoin.

However one should do their own researches before buying. have a close look to the Projects before you invest money. the real world usage and adoption should be the most important things to watch out for. the key is to look for a coin with a solid team bringing features that have the most appeal to the masses. not only the features must be great but also the design and ease of use.

I'm sure the next big rally will definitively be called Bitcoin. some people would say other blockchains have no value outside of what bitcoin can offer so people would sell altcoins for more bitcoin, but I believe like in 2016 and 2017, first we will see BTC jumping maybe to $50,000-$60,000 while the altcoins are watching sadly, then the altcoins will follow partly because of to those who made money out of BTC and maybe then will decide to diversify. although i think diversity does not apply much to BTC but some still believe even in crypto you have to diversify with other altcoins.

I think, Bitcoin is surely going to be on the top because of the crazy rate of Bitcoin adoption. also the halving is on the way and the crypto enthusiasts are expecting a huge surge in the market value of it before the halving. hence if you don't own at least 1 Bitcoin, don't even think about buying other shit coins. Then Ethereum (launching Eth 2.0 will only boost it) and NEO (the ethereum of china), because they have strong fundamentals. they have very good liquidity and exposure on big exchanges and I’m totally sure they will be really profitable.