Why are you people finding such strange levels of support? Why 10 thousand? Is 10 a significant level? we held 12 thousand for 4 months straight in 2020 and the 2019 top was 14 thousand so why is 10 such an important low for you? Maybe it's just a random number that came into your heads?

10 is almost impossible now after Tesla, Microstrategy, PayPal, and now also Visa integrating payments. If we could go to 20 thousand in 2017 and to 14 in 2019 before these companies made their moves it's impossible for us to go back there without them exiting.

I wouldn't be happy because it would mean that something bad is happening to Bitcoin. A drop to 20 thousand would mean a normal bear market bottom, but 10 would break the 10 year market structure. This wouldn't happen without a big event like a world war or something.

If you had understanding of bitcoin cycles OP you'd know that if an all time high gets passed for the second time, the price never goes back below it.

You had the last chance to buy below 20 thousand a few months ago and you'll never be able to again, deal with it. I can understand some of you feel bad about missing the chance to buy cheap coins, but if you're smart you should still be able to get sub 40 thousand dollars at some point. Maybe this or maybe next year but it's possible that we'll correct 50% of the all time high, so instead of being grumpy put some orders on exchanges and maybe you'll get lucky.

I feel like it will last for a long time. People were afraid that bitcoin could be a short lived dream of libertarians and that it could die at any moment. It didn't.

It survived 2010-12 when it was in the early stages ridiculed. It survived the scams and collapses of Gox and Silk road. It survived Chinese bans of 2014. It went through it all and became something sought by millions of people all around the world. It's a dream that we are all dreaming at the same time

There's always a first time for everything

Don't worry about it OP, it wasn't a lot of money. I know it's 50% of your portfolio so you think it was a lot but many people make that much in a month. Even signature posters can make it in about 2 months so you'll get over it. It's not like the scam ruined your life or something.

Learn from it and be happy that you did not have to pay more for the lesson.

I feel like it's good that it can be changed. It allows us to improve security in case bitcoin was to still be a big thing 20 years from now.

If Bitcoin ever became a reserve currency we might need to add some improvements and even do something about lost coins, because if you think that we could be down about 20% of total supply due to lost wallets and passwords, in the next 20 years it could be 50%. The consensus voting will allow us to deal with this problem in future.

It's not like people are going to vote to make bitcoin worse or weaker in any way. Voters will have a stake in it and will want it to be better and stronger so if we ever vote to increase the total supply cap there will be a strong reason behind it.

I like the idea, but it's pretty dumb to buy an overpriced electric car for Bitcoin, if you think about it.

It would be fine if you haven't had to wait a year for your Tesla. If I pay for it now, by the time I get it Bitcoin could be worth 3 times more. What's the point Elon?  

Also, I think like the new EURO emissions are made to force people into buying electric cars. I hate what the car market in the EU is becoming.

And I would if the person wants it so much that she's thinking about selling her car which is her main source of income just to buy bitcoins. In such situation taking a loan is a much better choice.

Consider 2 possible bad outcomes and compare them:

She sells the car and bitcoin goes down. She will not have money to buy her bills and could be forced to sell at a loss.
She takes a loan and it goes down. She'll be in debt but still able to make money to buy food and pay bills without having to sell bitcoins.

I don't know how much she's making from driving, but maybe it would be a better idea to take a loan since she's a person with an income, probably also a registered business owner. It shouldn't be hard for such a person to get a loan and invest that into bitcoin while still holding on to her job.

If she's popular like you're saying it means she has an established brand in your area. That's very important and usually hard to achieve. I wouldn't throw that away.

With both Bitcoin and gold you depend on some other people. "They" control the supply of gold but "they" also control mining. It's not like you or me can suddenly spend a million dollars on a bitcoin farm if the people who are mining now decide they don't want to do it anymore.

Bitcoin is not directly controlled by anyone but you as a holder also depend on other people to mine it, run nodes, run exchanges.

I'd say the market is too bullish after the new all time high for us to really crash to the bull market support somewhere in the 36-38 thousand.

Usually if the high is overextended it crashes immediately at least 30% within days. Now the reaction to the new high was rather like a consolidation up down pattern.
This looks very much like a typical bull market corrections where traders dump some of their profits but the rest, people who have money on their wallets, sit and wait.

It can, but will it? Probably not since we had a new ATH. A pullback after a new high is a normal thing as long as it doesn't become a 50%.

Will we still be in a bull market if we drop to 40 thousand?
Yes we will because the bull market support is somewhere around 38 thousand. 40 is still a bull market.

The simplest way of answering this accusation is to make the accuser understand how supply and demand works.
If someone pays a tomato farmer a lot of money to switch to lettuce he will do it.

Elon Musk saw a demand for electric cars so he converted a car factory into an electric car factory. If you feel like there's not enough green energy produced, there will be more because miners will pay for it.

Who's there to say what's a waste and what is not?

Like when I see someone burning rubber in a car I feel like it's a waste of good tires but for that driver it's fun. It's the same fun someone else pays for when they launch fireworks. It's resources being wasted and air being polluted but someone paid to have some fun this way and someone else was paid to produce them.

If I want to spend my money on mining bitcoin it's my money and my choice. For them it may be a waste but when I see them fueling a V12 car that burns 10 times more than my car to travel the same distance I feel like they're wasting money and resources.

If the law he's quoting is real, then it was made for the purpose of discouraging people from taking advantage of other people's poverty. It was not meant to stop them from making money!

Staking is not taking advantage of someone. It's making money by helping transactions to confirm. You stake your coins as a safety to prove that you will not try to cheat the system and allow double spent transactions. It's not stealing from anyone, nobody will lose money because you decide to stake!

That's how this works. You don't become a bounty hunter because you're bored or something. It's a job that almost anyone can do and that's why it pays out at random and usually isn't worth the time spent to do it. Every job that doesn't require certain skills and can be done from anywhere in the world will not pay out well and offer stability of income.

Aren't you forgetting about the British Pound? It lost a lot of value over the year but I don't think it ever went to 0.

Even if we changed it to 99% of fiat money crashes every 300 years, does it mean we have to wait for it to happen? The Lira is dying as we speak but it won't make people lose everything if they get rid of it and invest.

He should have a chat with people who bought Bitcoin between 2010 and 2018. That's going to be at least a million people who will have something to say about it being a long-term allocation.

If he thinks it's not we can agree to disagree. If he only had a way to prove his point... I can prove it by showing him how much money I made holding Bitcoin for 5 years.

LOL That's what people were saying at 30 thousand and then at 40 thousand and then at 50 thousand...

I'd never sell my bitcoins to buy altcoins like OP is planning. It's a really stupid and risky idea because altcoins will not go up on their own. They will keep pumping as long as Bitcoin stays high or pumps as well.

If you choose to sell bitcoin to buy altcoins you're betting on Bitcoin staying in this 50-60 thousand area. If it goes up, you will make money regardless of whether you choose BTC, ETH, or something else like ADA. If Bitcoin goes down you will lose more money holding an altcoin.

It will last as long as Bitcoin continues to go up. Many people choose to move some of their bitcoin profits to altcoins.

It was like that in 2018 when a lot of money went into projects like BCH pumping them to new highs because people made money holding bitcoin on its way up and as Bitcoin begun to peak they moved towards altcoins.

Watch for new highs on Bitcoin and expect altcoins to follow.

Not all people! People with no money will prefer altcoins because they'll at least feel they have a share when they invest 100 dollars in some altcoin worth a few bucks. This isn't a smart move if you think about it.

What would you rather have? 1 gold coin or a whole bag of copper coins? Although you could say that the probability of those copper coins gaining value is the same as with that gold coin but gold is always easy to recognize and easy to value, like bitcoin. Everybody knows what bitcoin is but try to ask someone if they know what Waves is and how much it is worth. They'll have no clue.