OP isn't leaving only because of losses, he can't trade anymore because the only exchange in his country got closed, and p2p trading is too much of an obstacle to him. It's really wrong to say that leaving a market is stupid, there's a lot of other investment opportunities out there, Bitcoin is just one of them. Maybe OP will get rich with real estate or stocks instead? Cutting your losses isn't inherently wrong, every serious investor does it at some point.

A good reminder for newbies to never keep their coins on exchange, unless it's a small amount for trading, that they are ready to lose at any point. If even big exchanges get hacked or get closed by authorities, things are much more risky for smaller exchanges, so no matter how good it looks with some bonuses or lower trading fees or more shitcoin listings, it's always better to choose a bigger and more reputable exchange.

Yep, we are still at the point where any public endorsement by prominent figures is important and helpful. Maybe in 10 years no one will care if some company buys $50M worth of Bitcoin, but today it's clearly enough to move the market.


I don't think that consumers are tracking the investment actions of companies and make some decisions based on that, so it won't cause mass adoption, but it would influence adoption among investors.

You can create an unsigned transaction, sign it on an offline machine with your private keys that are stored on a USB, then just transfer these signed transactions via another USB to your full node and simply broadcast them. This is known as a cold storage setup, and it's pretty easy to implement with Electrum, though it should also be possible with Bitcoin Core. This answer on stackexchange explains how this setup works with Bitcoin Core.

Bitcoin is not universally known/accepted, so naturally people will distrust it. Despite what people here may say, most people are satisfied with banks, there's no reason for them to look for alternatives. For example, this problem with long transaction times with banks is mostly just an american thing, and even then most people are just used to this. And Bitcoin has its own problems too, so anyone who actually tries it would quickly encounter them. I think the unstable price is the single biggest reason why people aren't adopting it, few people would want to store their money in a currency that can drop by 50% for no big reason, even if in the long run it goes up.

Just like investing regulation, it varies from country to country, and in some countries gambling is officially banned, while others restrict it to some special zones. Also, with gambling people at least understand that it is a game of chance, but with investments they often think that they will make profit because of their skill, but this is not true if a market is heavily manipulated.

IMO if a market is full of scams, like it was with ICO, it's better for it to be banned, because it is not productive, it's going to crash anyway, but at least less people will suffer in the end.

So, when Bitcoin has high fees, it's "outdated technology" and soon will be replaced by "better" coins, but when ETH has high fees, it's presented as bullish, because it makes it more profitable to mine than BTC. It's pretty clear that these crypto journalists like to shill for altcoins, after all, how else they are going to make money?


How would Bitcoin miners switch to ETH? These coins have different algo, you know. And selling your hardware, then ordering a bunch of new one, and tweaking your entire operation just to chase some short-term trend isn't the greatest idea.

Blockchain is not relevant to Bitcoin, and if some government does something with blockchain, or how it often happens on practice, they just announce that they will do something with blockchain, it all doesn't mean that they will like Bitcoin. Blockchain technology these days has very little in common with Bitcoin - it's centralized, it's mutable, it's made by and for companies, not communities. This isn't some positive news for Bitcoin hodlers.

People used to and still occasionally do merit these "write quality posts to earn merit" kinda "guides", so it became a trend for merit fishing. I suggest everyone to think twice before meriting a post by a newbie who gives out advises on this board, posts "newbie motivations" and so on. Don't do this if it's because of pity, it's worse in the long run for them and for others. Let them actually try to apply those ideas to themselves.

So, the last year, 2019, had as much days above 10k as this year, and we still had a dive to below $4,000, despite the seeming bullishness of the market. I really don't see any indicators that could tell that the price will be rising or falling soon, it's still impossible to predict just like it was years ago. Both very high and very low prices are on the table, or maybe this stagnation will continue for even longer.

I'm at the point where I don't need to tell myself that the bull run is coming soon, I'm going to hodl as long as it takes. 1 year, 3 years, even 5 years.

Bitcoin is now correlated with the stock market, so this isn't too surprising, but you still shouldn't think of this correlation as absolute, Bitcoin can easily do the opposite of the expected move, because this correlation isn't fundamental, it's just that they are affected by the same things, like the global economic well-being, and since Bitcoin is not perceived as safe haven by most people, it's likely to drop when there's negative news for the economy.

He wasn't a whale, he was just a high profile shill. And we don't know if this tax evasion is crypto related or not, and John McAfee had a lot of trouble with the law long before he became engaged in crypto, so I don't think that other shills and scammers are going to be scared now because of this arrest. If he was arrested specifically for promoting unregulated securities or something, that would be another deal.

Meh there has been always people who are very skeptical of the banking system, often these are goldbugs, and this is just one of them. There is no mass adoption, or some wave of adoption by boomers, it's just one guy who isn't hostile towards Bitcoin, because actually many goldbugs don't like Bitcoin, as they think it's a competition to their beloved gold. You can only proclaim that mass adoption is coming when you have the numbers to back that up, not a few small celebrities saying that they bough a bit of Bitcoin on twitter.

I'm pretty sure all the VPN's do keep logs, even if they claim they don't, because if not, they would be shut down rather quickly by governments. With VPN you are just replacing one party that can monitor your traffic - your ISP, with another - the VPN provider. Better just use TOR, as it's a truly decentralized solution where there's very little chance that you will get deanonymized, as long as you do everything right.

It's not a problem that the people without Internet access aren't adopting Bitcoin, the problem is that almost everyone who do have access aren't adopting Bitcoin either. If only 0.01% of people with the Internet adopts Bitcoin, than even if you somehow manage to get those 43% without the Internet access to adopt Bitcoin, it probably will be the same percentage or even less. Bitcoin needs exponential growth to achieve mass adoption, and so far it's not working - people are choosing to stay with banks and fiat currency, even if it fails them.

And there's also no guarantee that some random person won't find it after some time. It maybe obvious to some, but still, if you have lost your backup seed for whatever reason, always make sure to migrate the coins to a new wallet as soon as possible, it's very bad to think that your coins will be safe because regular people don't know what a seed is - we live in the age of search engines where anything can be  identified in minutes.

This isn't a vanity project or "a morale booster" in times of deflation and pandemic, this is just a big advertising for the Gundam franchise, simple as that. Now the whole world knows that Japan made a big robot, and some people across the world will take an interest and start watching anime, and maybe some of them will even start buying merchandise. So, in the long run it should be profitable for the company who made it.

The people in these authoritarian countries are often very poor and not well educated, so it's hard for them to use Bitcoin, because it requires some knowledge to use it safely and effectively. And fees is another problem, people who have monthly salary of $5 can't afford to pay even $2 network fee. Liquidity is another problem - how would people even buy Bitcoin if their government will ban exchanges, and there's no online banking - buying for cash in person is the only choice, which might be too risky. This is why Bitcoin didn't achieve mass adoption in Venezuela or Zimbabwe, despite it looking like perfect opportunities for it.

Bitcoin is a high risk - high reward investment, but it's not suitable for hedging, because recently is has been moving together with the stock market, so there's a pretty big chance that if a crash comes, Bitcoin will crash even harder. For this strategy the 10% investment needs to be something that is likely to perform well if a crisis happens.

I'm actually thinking that it's better to let my seed phrase be destroyed if something catastrophic happens to my house, because there's no guarantee that I will be the first to find it, in fact it's more likely that the rescuers would be the first to get it, and there's a chance that they will recognize what is it and take it for themselves (not to offend the members of this profession here, I just think that it's a possible risk). It's more important to have backups in multiple places instead of relying on them being indestructible.