Why would Bitcoin's price have some macroeconomic effects? Bitcoin used to cost fractions of a penny, then a few dollars, then a few hundreds, now $15,500 but nothing changed in regards to how governments view it, aside from some bans or regulations. Bitcoin has zero influence on world's economy.


Last time it was the same, when Bitcoin reached $20k, people were saying that it's on the road to 100k, that anyone who is selling now is a fool, and newcomers were rushing to buy, not knowing that few months later they will sell at a big loss.

Here's a reasonable explanation - institutional investors are FOMOing, based on previously established momentum from bullish news like PayPal adoption and Microstrategy and other companies using it as reserve asset. Stocks and traditional markets aren't doing well, so institutional investors decided to look for alternative options, and Bitcoin happened to be bullish, so now it's even more bullish. The US election explanation actually doesn't make sense, because Trump or Biden - it changes nothing, they both don't care about Bitcoin and aren't going to ban it or support it.

People have moved on to DeFi, no one cares about IEO and ICO anymore. Eventually a new sort of scam under the guise of decentralized technology will emerge to replace DeFi. It has always been clear that ICO and IEO can't replace traditional funding, especially for the reason that it's not regulated and investors don't get any guarantees, even with IEOs where exchanges supposedly vouch for the project. Similarly, DeFi won't replace traditional finance, because investors aren't really getting any guarantees or legal protection, and the "code is law" mantra actually means that any bugs and hacks, that are quite common in DeFi, are law too.

Bitcoin will never replace fiat currency, so it's not a problem. Bitcoin has too many unsolved problems to do so - scalability, hard user experience, price volatility to name a few. Governments will not allow Bitcoin to replace fiat, a simple ban is more than enough to stop mass adoption and leave Bitcoin as nothing more but a tool for darknet transactions. Just because a lot of Bitcoiners imagine and say that Bitcoin will be a dominant form of money, doesn't mean it's actually going to happen. And its price rise isn't a proof that it's happening.

Either chainanalysis got really strong now, or the hacker made some serious mistakes when handling the stolen coins, and it's probably the latter, because otherwise we'd see a lot of stolen coins suddenly being identified. This kinda shows us that no one is immune from mistakes, even people who are l33t enough to steal billions of dollars worth of coins.


Someone who will buy them from the auction, obviously. I'm sure there won't be a shortage of people willing to buy the coins, especially if they will be sold at a slightly below market price.

IMO people who flip during the bullish market will probably reverse their statements when the market will inevitably turn bearish and some point, and they will make posts like "I was actually wrong about Bitcoin, it's useless". If someone is bullish during a bear market and believes in long term potential, it's 1000 times more worth than just following the current sentiment of a bull market. If anything, nocoiners' flipping only means that there's a lot of FOMO going on right now, and FOMO don't last forever.

People have a really primitive understanding of crypto, they think that if CBDC is a "crypto coin", and Bitcoin is a "crypto coin" too, than they are direct competitors and one must defeat the other. The flaw here is not realizing that Bitcoin is too different from these hypothethical CBDCs and even existing altcoins, because unlike them, it's actually decentralized and secure. In reality the competition will be minimal, no sane Bitcoiner would drop Bitcoin for any other coin.

Most likely the institutional investors, because data from google trends shows that recently there was no spike of interest towards Bitcoin, despite the tremendous growth. This means that a small  number of people buying a large amount of coins, and we know that institutional investors are becoming more interested in Bitcoin, like for example the recent investment from Microstrategy and other companies. This is different from the past rallies, where google trends followed the price with a small delay. Time will tell if institutional adoption will be good for Bitcoin or not.

If USD really is devalued by 20%, which is a pretty bold claim, than Bitcoin should have gone up by 20%. Instead it increased by more than 50% in the last few weeks. Bitcoin isn't reacting to inflation, it's simply experiencing a bullish cycle, just like it was in 2013 and 2017. Even halvenings are a better explanation, because you can draw a pattern that after each halvening the price tends to go up in a long bull market.

In cryptocurrency speed and security are deeply connected. It's a huge misconception to think that "fast" blockchains actually confirm your transactions, because their confirmations are unreliable. So, what's the point of a centralized and unsecure cryptocurrency, if you can get already get instant confirmations with banks or PayPal, but they are at least regulated and there's at least some guarantee that they won't exit scam you, or that the value of your money won't drop by 90% overnight.

A correction always comes, and the faster and higher we get, the more likely it is. I personally wouldn't buy Bitcoin right now and wait for a dip, even if it's not a big one. We went from $10k to now nearly $16k almost without any major corrections and in short time, the market is clearly in FOMO mode. I already started selling small amounts with a goal of buying back later, and I don't regret that the price is higher now. Bitcoin will always have good buy/sell opportunities as long as it remains volatile, so don't let the perfect be the enemy of good - as long as your trades bring profit, that's already great.

This time - no, but during the last bull run I got contacted by some of my friends and relatives, and I don't like it. It's not like they asked or implied that I for some reason should share my newfound wealth with them, but it still rubbed me the wrong way. If I could turn back time, I would have made it so that no one even knew that I'm involved in Bitcoin, so I won't have to deal with situations like this, and generally feel more safe, because words travel far, and who knows to whom my friends talked about my involvement in Bitcoin?

Because despite Bitcoin's recent great performance, it's still a very volatile, very risky asset, and unlike with stocks, no one can calculate its objective value. Businesses don't need a promise of sky-high profits, they just need some reliability. Bitcoin only makes sense if they put a very small amount into it. As for funds, they do trade it, just in small amounts, but it does become more and more common. There's also a lot of OTC trading going on that we don't know much about, which might be the place of institutional investors.

I think the biggest risk is that Bitcoin fees tend to get very high when there's a lot of price action, and if your customers will happen to try to make purchase with Bitcoin, they will have a very negative experience, which could possibly negatively reflect on your business. Maybe customers, especially those not very familiar with Bitcoin, will think that it's you who charges such high fees. Or they will get their transaction stuck and will get very frustrated. If I owned a store, I'd wait for Lightning Network's mass adoption before adding Bitcoin.

I doubt space debris can doom humanity, it's not like we have an urgency to leave this planet, nor we have the technology to actually do so. At worst, this problem will set back our space exploration and technologies that rely on satellites. But we'll also probably figure something out, I know there already are some proposals how can we clear these debris from the orbit. Or maybe new materials will allow spacecrafts easily withstand impact of space debris.

Unfortunately, most people in the world still don't realize how beneficial Bitcoin is if you need to make an international transactions, People would rather waste their money on huge fees and wait for days than try something new. It has been theorized that Bitcoin could achieve mass adoption as an international money transfer method, but for some reasons it failed to do it so far.

So, the idea is that US elections will cause volatility on stock markets, which in turn influence Bitcoin? But we're already at a point when correlation between Bitcoin and stocks has stopped, because Bitcoin gained its own momentum, which is much stronger than whatever is happening with stocks. If volatility will increase, it will be a coincidence. The only scenario where elections/stocks indeed influence Bitcoin is if something really major happens, but this is unlikely.

Actually, Bitcoin doesn't have to be well adopted to have high value, it just needs to have high demand, even if it's a demand from very few people. Also 5% of supply isn't that much, and even if you add all the other custodial services, the majority of coins are still held by users, And Bitcoin isn't some PoS system, having coins doesn't give you voting power on the network, so you don't have to worry that someone will overtake Bitcoin by controlling its supply.

Actually this seems to be pretty unique, I don't remember another cases of retail investors getting banned from trading crypto. It's not very significant news, because Hong Kong isn't a host to a large amout of crypto volume and adoption, but if it's actually China testing the waters before implementing similar laws on mainland, this could be pretty big. And locally it will have a huge impact, I doubt that majority of crypto investors are whales who hold $1 mil USD in assets, so exchanges will lose a huge share of their customers, maybe even forcing them to close, while people will have to resort to p2p trading, which is often risky.

Some people even use PayPal in countries where it's not officially supported, by using VPN and faking KYC documents during registration. If such users tried to buy crypto, it could lead to more scrutiny and potential ban on their account, because everything crypto-related is generally viewed as risky operation by centralized payment entities.


I'd rather recommend Coinbase to a newbie, at least it has lower fees, market prices and ability to withdraw your coins. The only benefit of PayPal is that it would allow complete beginners to get a psychological feeling of how it is to own Bitcoin, while being in a familiar to them environment.