this is not all about the pandemic, companies raising costs, etc. but if you ask me this is mostly about showing how fiat money is being evaluated slowly but surely. don't forget that governments all around the world have been printing money like maniacs during the pandemic and over the past 2 years. that has to show itself somewhere.

no, i will be very confused because there is a difference between price dropping and price crashing super hard.

of course i will always be happy to see a price drop but only when the drop size is reasonable. that's because i can obviously buy more bitcoin with the money that i don't have right now but will have in the future (i dump extra fiat i have regularly).

but such an unreasonable and massive drop to a price that is way below the intrinsic value of bitcoin would surprise me and would make me wonder what the hell is wrong with people for selling like that!

lets say you had to pay $500 for an apartment and suddenly they started asking for $80 (same dump as your example). wouldn't you wonder what is wrong with that apartment for dumping that much?
now if the dump was to $450 that would be a different story.
or if the apartment was asking for $1500 then it dumped down to $500 then it was again another story entirely because the initial value was too high to begin with.
in case of bitcoin $60 is too low.

usually all wallets have a workaround to do something like this, mostly through creating a new wallet and importing the key with a different address type and sometimes using command line like this.
the problem is that there is no easy way (specially if you are using deterministic wallet) to derive multiple address types from the same seed.

a lot of random people are making statements about bitcoin. that doesn't mean they should affect bitcoin price at all.

this actually attracts some additional investment into bitcoin since fiat is a failing asset but bitcoin keeps rising (deflation versus inflation).

you are forgetting that there wasn't any major price drops but a small correction which isn't really that surprising and it doesn't need any reasons such as these.

gold on its own is not centralized though. it is a metal that you can hold on your own and trade p2p in a very decentralized way. the problem is that it is not easy to do because you can't for example carry 50kg gold with yourself in your pocket to sell so people end up choosing the centralized way of doing it which is through IOUs instead using the centralized places.

unfortunately my hard disk blew up a while ago and i lost some of my login passwords including the one to my github account. it would be quicker for someone with access to report it than me creating a new account for this.

the biggest fundamental behind $1 million is that it is a round number otherwise not so long ago people were discussing $1k to be THE price that bitcoin is going to reach and everyone was stuck at speculation and discussing how much of gold's market cap that would be!

the reality is that if we extrapolate the data from charts in the past decade we can see that $1 million will be another middle of the way target that bitcoin will hit and get past eventually.

it does but the estimator on your online wallet should take that into consideration when showing the fee/byte values. that extra zero byte doesn't happen that often and the signers nowadays usually choose another nonce to get a lower r to avoid that extra byte.

edit: assuming this is the 1Merit address this may actually be a bug in electrum with uncompressed public keys.
if we remove the 15 extra bytes of uncompressed pubkeys (15*32=480 byte) from the size the fee turns into 7.5 sat/byte. that means the estimator messed up here not knowing the pubkey takes 65 byte not 33.

as Gandhi said: "first they ignore you, then they laugh at you, then they fight you, then you win."
we shouldn't waste our time on media outlets that have been going through all these phases so far and are now transitioning to fighting. just let them spread their FUD like they always do and we win...

are you using the new versions of electrum or the old ones?
if you shared the transaction (or maybe another one on testnet that looks like it if privacy is a concern) it could be analyzed better.

the only time the size is changed is when the signatures you produce end up needing an additional 00 at the beginning of their r value when they are encoded. depending on number of signatures this could increase but i don't think enough to decrease the fee by 1 sat/byte.

why should the price go up at all whether fast or slow?
you do realize that bitcoin is designed to be a payment system not something people invest in to make a profit in the shortest amount of time!

that would be the death of these altcoins.

you see stable coins are only useful as long as they are not regulated otherwise being centralized and risky is already two big negative sides of them that is going to put people off. if they were regulated just like the banking system then there wouldn't be any reason for them to exist any longer because we already have the "digital currency" issued and controlled by banks that is also regulated.

i wouldn't say "directly" related but electricity cost is definitely one of many factors that are affecting bitcoin price.

you are also making certain wrong assumption here such as the total capacity of the electric network. the capacity is what it is because the demand needs this much and not any more. if the demand went up the capacity will also increase. not to mention that thee efficiency of everything (mining equipment, electricity production line,...) is also improving.

how much electricity bitcoin is going to consume in the future depends on how much demand there is for bitcoin. when bitcoin becomes a lot more adopted than this and more than 1% of the world is using it, the electricity consumption will also go up and reach 0.5% of the total electricity consumption in 2024 for example.

altcoins, specially those with terrible supply amounts are never going up in price over the long run. they can only hope for some pumps that could increase their price in short term.

you don't have to understand bitcoin to know how market cap works!
a shitcoin with a massive supply will have a high market cap regardless of it being dumped. and when bitcoin rises and the altcoin dumps its market cap measured in USD sometimes shows increase.

price rise doesn't always need "new" investors. it needs new money. that money could be coming from the old investors investing more money in.

you are confusing bitcoin with a premined shitcoin that is being "distributed". bitcoin is NOT like that at all. there was no premine, no ICO token sale, or anything like that.

every single satoshi that you see today is earned through performing work by those we refer to as "miners". that makes it a fair "distribution".

you are right. the SHA256 checksum in BIP39 only tells us that there is an error not how to fix it. the error correction is a characteristic of CRC checksums or for example the Bech32 encoding that uses error correcting code.

the upward movement will be sustained as long as we have it slowly and with enough corrections so that it keeps the day traders happy when they take their profit and the panic sellers and bear whales bankrupt. so far we have been seeing this type of rise with a lot of healthy corrections and that is exactly why the bull market still continues.

the safest way which would also require a lot less hassle is to creat a new wallet and select the "Multi-signature wallet" option and then import your master private keys for the keys you have and want to sign with and master public keys for the keys you don't have but must exist to create the correct addresses.
then you can easily spend the coins using the UI like you'd do any other coin.

if you want to learn the technical part and know what's happening under the hood that is a different story.

and they say history doesn't repeat itself and people learn from the past.

if anything most people ignore the past and repeat the same thing over and over again. just replace $9.50 in the title with any price close to the current levels ($50k for example) and you'll see numerous topics all around the internet!
2011 and 2021 are different in one digit

it is always best to stick to the standards which means choosing words from the predefined wordlist that BIP39 uses too. this way in a couple of years when you wanted to recover your seed you won't have to also remember the customized method that you chose and the dictionary you used and end up losing your bitcoin to something that simple.