This isn't really true for Bitcoin, it doesn't require that much effort. All you truly need to know is how to safely use it, and then if you're an investor you just wait for years till you are satisfied with your profit. Learning about Bitcoin in-depth is useful, but it won't affect your profits. And short-term trading is just gambling, no amount of research will help you be consistently profitable, so it's best to just focus on long-term investing.

Until the miners start hard forking the chain to censor transactions, their refusal to include certain transactions only delays them for time on average proportional to their share of network hashpower. And when or if there will be such attempt, I'm sure the whole community will choose the censorship-free chain, just like it previously rejected SegWit2x fork attempt.

All those fiat stablecoins do not have any different macroeconomic properties from other forms of fiat. They are not stable in their real value, they are stable in their exchange rate with their fiat pair, or at least supposed to be. They can't be a backbone of any sort of financial revoultion.

As for the great reset, it's just a hype narrative for promoting cryptocurrencies. The governments will never allow this to happen and they have all the power they need to stop it. And they won't hesitate to use that power if they will start seeing crypto as a threat.

Bitcoin is not relying on exchanges or referrals in any way to function. Bitcoin community is not growing because of some sort of multi-level marketing where old investors lure new investors and new investors lure even more investors.

And Bitcoin was created to be a currency, not to generate profit for its owners or to gather millions of users just for the sake of it. As long as even a few people use it as a currency, it has not "failed".

I don't care about the impact of alt stuff like NFT or DeFi, because in all my years spent in this ecosystem I never saw evidence of altcoins impacting Bitcoin, but I am worried about Bitcoin itself - specifically how much of its value is just random speculation and how much is solid fundamentals. It could be that Bitcoin is vastly overpriced and will crash hard when the speculators will quit it for a new or different type of asset (not altcoins or something like that).

The telegram bot that I use only notifies me of direct quotes and mentions, and the bot that I created used to do the same. So it's not really a major problem, the biggest annoyance is that it makes the threads less readable, and in general I just skip reading the reply of a pyramid quote, because it  most likely has zero value because good posters don't make such mistakes.

Because Bitcoin is used 1000x more often than Monero. If Monero would reach the limits of its capacity, it would have high fees too. And since Monero is not using any different blockchain architecture that would make it more efficient than Bitcoin with block space, you can't say that it's more scalable just because the devs chose to have higher block size cap. Raising the size cap is trivial, dealing with the consequences is not.

The bad news is that Binance will have to pay over $4B and for that they will likely have to liquidate some BTC which would negative affect the price in short term. Also the largest crypto exchange admitting to violating the law is not good for the market, but at least Binance will only have to pay the fine and they are not getting shut down. Unless they don't have that kind of money and will file for bankruptcy.

My solution is to just hodl Bitcoin as an investment and occasionally sell it on exchanges if needed, and for that I wait for periods of low fees and deposit some BTC to have a small amount on my exchange account ready for sale if I have to. I'm not buying anything with BTC that could justify even a $10 fee so I'm going to wait for mainstream Lightning Network before considering using Bitcoin for smaller payments.

Some people will never outgrow their newbie phase, they will either keep posting as newbies or will give up and leave this forum. Not everyone is capable of earning merits as it requires demonstrating Bitcoin knowledge and we all know from our schools that some people just fail no matter what.


Signature campaigns are a reliable source of income and for people from poor countries that is good enough, while advanced opportunities require some investment, set of skills, risk and so on.

He never said that he's planning to make it a legal tender, but there's a good chance that he will, giving his extreme political views. Or maybe he'll find another way to make it easier to use Bitcoin for the population, starting with lowering the regulations on Bitcoin and lowering or even removing taxes. I'm sure that he will do at least something for Bitcoin, and that's already good news even for those who aren't from Argentina, because it will boost the price, especially now that the market will soon turn bullish and all the positive news will get amplified.

The price would immediately drop by $2-3k or even a bit more, and weeks after that there will be stagnation, but other than that there will not be much long-term effects. Halvening will still happen and will greatly impact the market, and once the price will start growing the crypto media will find some new hype narrative to explain the growth and boost the sentiment. That's how it always worked and will likely work again. During covid there was a huge crash, and then Bitcoin quickly recovered and returned to the normal course as if nothing happened.

It really is like the upper picture if you don't care about the short-term movements and patiently wait for your price goal or the peak of the bull market or even just decided to never sell and wait for the times when you can buy anything with Bitcoin.

HODLing can be stressful if you're a beginner investor who checks the price every 15 minutes and read all the crypto news, but you're supposed to eventually grow up as an investor and stop worrying about that.

Look at the fee spikes of the past and double or tripple that to get some idea of how high they can get in the coming years. If Bitcoin shoots up, the traders will have more value in their hands and they will be able to tolerate higher fees when they move coins in/out/between exchanges. But the good news is that spikes don't last for long, just a few weeks and then fees go down to a more manageable level.

I think the recent ETF hype only helped to jump-start the growth that was going to happen anyway because of the halvening and because Bitcoin was oversold during the bear market. Because it's totally unrealistic that a rumour of an ETF approval increased the value of Bitcoin by 50% - that's just some absurd volatility that only happens to immature assets and Bitcoin is supposed to be batter than that by now.

If I had to sell 200 BTC, I would look for OTC trading in my country and make an escrowed deal in real life, with fiat money sent to my bank account, and I know for sure I'd have to explain to my bank where those money came from so those coins would have to be clean. My local CEX that I use actually has an OTC desk so that's what I would explore if I had to. But if that wouldn't be an option I would try some business forums and post my offer there. Another option is organizing an auction, but that would obviously come with extra costs.

I think the goal here is to stop discrimination against coins that are held in self-custody, like if some service views them as suspicious and refuses to accept them. But it's unclear if this ever actually happened and if it did than how common it is. So it's probably just a preventive measure. But I doubt that such act will get passed, legislators have a lot more things to do than to bother regulating Bitcoin.

I would tell my younger self to learn only the basics of safely holding Bitcoin, to learn about Bitcoin market cycles so I could sell at the top and buy back at the bottom, and other than that don't dig deeper and instead focus on studying other fields that can be a source of income, like programming, for example. That's because aside from the initial earnings from buying Bitcoin earlier I didn't make much money from crypto activities.

At this point no realistic amount of coins  would help a poor person to get out of poverty. Bitcoin will never again grow by 100 times or 1000 times like it did in the past. So no one can put $100 into Bitcoin and have their financial problems solved in 10 years.

In general, investing is never a realistic option for getting out of poverties. Opportunities like buying in its early days happen once in a lifetime. Poor people need to focus first on earning more and invest into safer assets with larger sums, rather than hoping that a high-risk investment will succeed.

It's not a taboo, it has never been a taboo, you could always post topics about it on this forum, it's just that most users are against it, because they understand the danger of having high requirements for running a full node, which would make the network much smaller as only large entities would be able to afford to run a full node, so nodes would be more like datacenters rather than the regular users.