Indeed, although the idea is not bad, few people are interested in everyday life. It is exciting when some important date will come for the whole world of cryptocurrency, like 100 years of bitcoin, and then it will be interesting for everyone to see how this technology has developed for an entire century! What were the successes and failures?

So it's not a people problem anymore. Here we are talking about states' control, the country's currency, and illicit enrichment. That is when a person has never had a lot of money on the cards or has never changed a large number of dollars in his name. Then, the state is interested in how you get that kind of money. To understand how they are earned, fraud or not. From this point of view, cryptocurrency is very convenient because of its concept of anonymity and decentralization. You don't have to tell the IRS how you get your money.

Bitcoin affects my balance only indirectly. I'm not a very big expert. Therefore, I simply bought bitcoin for a certain amount and invested it. Now I just watch how the bitcoin exchange rate changes. In future plans, the profit from the cryptocurrency will be invested in even more interesting projects/startups/nft.

Apart from the fact that inflation has already happened and Bitcoin has ""benefited"" from central and commercial bank money printing in recent years, not everyone invests in BTC for the same reason. While a significant portion of Bitcoiners bought a crypto asset with the idea of ​​never selling it again and using it as a store of value, there are also many investors who view Bitcoin as a technological investment. These are the sort of stocks that can be compared to Google, Apple, Amazon, and Tesla, so BTC behaves somewhat the same way as these assets.
For this reason, the correlation between Bitcoin and the Nasdaq 100, the American tech exchange, is high, and their prices have moved quite in sync for a long time. Like the Nasdaq 100, Bitcoin's price fluctuates as people seek safe haven in the ""safe"" dollar due to rising interest rates. Once these people exit the Bitcoin market, the crypto asset will likely start behaving like a safe haven again.
If tech investors pull out of bitcoin, so to speak, then it will again behave like a risk-free asset. An asset that is completely separate from traditional financial markets.

Well ... In general, it is so, the recognition of bitcoin is growing in connection with celebrity advertising. But as for me, people like Elon Musk enter the topic of cryptocurrency, for the most part, in order to regulate the exchange rate with their own name, and make a profit from it. Remember what chaos it was when Tesla dumped their bitcoins?

 It breaks the whole concept of decentralization and cryptography that is built VIRTUALLY. Bitcoin was created for this, to create a coin that "does not exist".

Agree, that most organizations with a black reputation like casinos evade taxes, it is convenient for them to use bitcoin in terms of anonymity, reliability, and speed of transactions.

It scares many that some resources explain bitcoin as "a currency that does not exist." For me personally, this formulation is also not very plausible. The question here is how much you know Bitcoin's technical side. If you do not understand how it works and is afraid to invest in it, it makes sense to figure out what it is for.

Agree with the answers here! Bitcoin has a reputation for being bad. Because it is being used by some people for evil purposes. But this is strange rhetoric as if people do not want to delve deeper into the topic and draw conclusions only on information that gives cryptocurrency a bad side. And completely ignoring the positive aspects. A good example is the transfer of funds between countries. Translation speed. Inflation protection. And I just started listing the positives.

I agree, technically bitcoin is the benchmark. It is impossible to enumerate all the possibilities that have become available with its popularity. Even considering that the cryptocurrency market is currently unstable, more and more companies are implementing bitcoin, this says a lot. This means that all the advantages of bitcoin cover all the disadvantages associated with its price today.

So it's cool that more and more people are starting to get acquainted with cryptocurrency and its advantages. In some countries, it is already possible to tip waiters in crypto. And it's damn convenient. When will they understand this?

If sellers accept bitcoin, then it is still money.

Exchanges earn on trading, not storage. In theory, if everyone keeps a minimum of coins, the exchange will not be able to offer a-booking merging trading services, but in practice, they will still have a reserve for this.

I agree that the chance of falling to such a low level is minimal since bitcoin is the flagship cryptocurrency. And a vast number of other coins depend on its course. For example, the same stablecoins. Therefore, it seems that the fall of bitcoin to $ 1,000 is almost impossible.Its bottom, in my opinion, is 10,000-15,000 dollars. Whales, commerce, and many holders of this currency will not let it fall further.

Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

LOL, no, of course, the strange ones who block bitcoin do it most likely because of the impossibility of imposing taxes on it, because in other cases, all compromising evidence that is beneficial to the authorities of one country or another is bought on the darknet for bitcoins))