Your average purchase is not affected by selling. But now you must also calculate your average sell price and combine it with current value. So now you have 100 coins sold at some price and 250 coins at current price. Your average sale is 100/350 * selling price + 250/350 * current price. If it's higher than your average buy price, you are still in green.

How can Bitcoin produce large quantities of jobs? It's a decentralized network that is already fully implemented, it doesn't need more companies or employees. Bitcoin ecosystem is already formed, it has exchanges and other services that you mentioned. If Bitcoin would be declared a legal tender tomorrow by all governments, it won't cause a large increase of adoption, we already have El Salvador as an example. So there won't be millions of new Bitcoin jobs either.

Everything that has a value is an asset or can be an asset. Putting half of your wealth into Bitcoin is quite risky. It's an acceptable and even smart move if you have very little property, because even if things will go bad and Bitcoin fails, you could earn that value through other means. But if that's a decent chunk of wealth that can't be earned easily, like a large inheritance, than risking half of it is not good, better allocate only 10-20% in Bitcoin and the rest into safer assets.

It's hard to improve further from here. Many banks today have instant zero-fee transactions available 24/7. So does Lightning Network. What more can you improve? It's impossible to make perfectly stable currency, because everything in this world changes value with time. And the trusted custody vs self-custody will always have their own flaws and benefits.

You are doing a lot of mistakes here. Believing that Bitcoin can only go up and up forever is risky. There's nothing that guarantees that, in fact Bitcoin's value is based only on speculation, which is why it is so volatile. Next, Bitcoin doesn't retain its value. If the price goes down and you have an unrealized loss, you can't always afford to wait it out till the price goes up again. Sometimes life forces us to spend money, and if the value of your money happened to go down when that happened, you could be in a big trouble.

And lastly, you are using past performance to predict the future. But it ignores that conditions were different. Bitcoin market was small and had a lot of room to grow, and halvenings had huge effect because 25 and then 12.5 BTC were cut from supply every 10 minutes.

You got it wrong. USD didn't lose 99.9% of it's total purchasing power, it lost it's power that is relative to BTC, because BTC increased in value by hundreds of times. But it's a useless comparison. You can cherrypick thousands of things in this world- that have outpeformed BTC, like tech stocks or commodities or collactible items. This doesn't make them a replacement for USD. Especially if you remember that high performance comes with high risk.

USD is still one of the strongest currencies in the world. It's not because it never loses value, but because other currencies lose value faster than USD, and in a more unpredictable way.

It already happened in 2021. Covid caused inflation and Bitcoin was growing fueled by press releases by big companies supposedly adopting it to hedge against inflation. Until the price crashed and the companies stopped mentioning it.


Fed doesn't care, if it did, it would have banned Bitcoin many years ago. The biggest enemy of Bitcoin is bitcoiners, they dump it when the price breaks records, and then it enters long bear markets. I don't see why this time it should be different. This isn't as big as 2008, and 2008 wasn't a complete collapse of banking.

Best method of dealing with addictions is going cold turkey. Meaning you just hard stop visiting the forum. Find some other things to do in your life. Especially the productive ones, like studying, working or sports.

You are right to recognize this problem, it's easy to spend countless hours reading posts to the point where it's detrimental to your life, because you are not achieving anything. And you absolutely don't need to spend hours every day on this forum to be a successful Bitcoin investors. All you need to know is how to safely use Bitcoin, and then just have patience and hold it for years instead of trying to trade it frequently.

Ethereum DEXes are popular because most tokens exist on Ethereum blockchain. So those DEXes represent zero useful economic activity, they are just tools for shitcoin speculation.


There were multiple attempts to do it. Like Open Bazaar. They failed because people are not interested in using Bitcoin as a currency today. They trade it and they hodl it.


Collaterized lending isn't very useful in real world. Especially with Bitcoin, the only collateral that can be implemented in a decentralized way is some altcoins via crosschain smart contracts. So this lending can only be a tool for shorting Bitcoin, and not actually giving loans to consumers or businesses.

No


They are entrepreneurs. Their #1 goal is making money. If praising Bitcoin helps them make money, they will do it. If attacking Bitcoin and promoting their shitcoin is more profitable, they will do that instead.

Besides, they never tell anything interesting or original. It's always "blockchain is the future, crypto is the future, buy my shitcoin before it's too late".

Satoshi was working on Bitcoin for years before the crisis started. It's a coincidence that by the time Satoshi was able to release the code and start the network, the crisis was in full swing. If you read the white paper, it's clear that repalcing the financial system wasn't the main motivation behind Bitcoin - Satoshi just wanted to make private money that can't be intercepted, seized, blocked.

Bitcoin can be very bullish now because of the hype, but this bullishness will not be fundamental if it's driven by speculators who will later dump at a huge profit. If people were exiting fiat for good and holding BTC for long term, that would have been huge. But there's no sign that it's happening now.

Bitcoiners sound a lot like marxists. Marxism teaches that capitalism is unsustainable and there will be one final economic crisis that will end capitalism and make room for communism. 170 years after the prediction was made, the world had economic crisis many times, and still no sing that capitalism will be replaced.

Now, Satoshi is not Karl Marx, he didn't make any prophesies or told that banking system must be replaced with Bitcoin, and yet Bitcoin fans proclaim exactly that. Every time something bad happens with the economy they expect Bitcoin to replace fiat and banks. And every time there isn't even a significant increase in adoption.

In 2021 global inflation started increasing and Bitcoin was rising and there was a narrative that Bitcoin will become a hedge against inflation adopted by institutions. And then Bitcoin crashed and institutions forgot about it. Something similar is happening now. A lot of hype that drives the price up, whales are buying to dump when the market will lose momentum.

If you buy now and sell a the top, you will make a lot of money. If you will keep buying and wait for $1M, you will be sitting on a huge unrealized loss when Bitcoin will inevitably crash.

In the past I sold and withdrawn tens of thousands of dollars from Binance in short time. Some of my coins are even linked to casinos. No problems with Binance at all. But like you said, exchanges are unpredictable. Who knows what can trigger their automatic account freeze.

But you shouldn't disregard banks too. Banks want to know where your money come from, because they don't want to get in trouble by serving dirty clients. If you use p2p trading it will likely raise more questions than withdrawal from exchange. Be ready to answer those questions and find out if your bank is crypto-friendly or not.

Bitcoin is not an investment by definition, because an investment is something that generates income. Like real estate that you can put up for rent, dividends of stocks, yield from bonds. Bitcoin and gold, collectibles and commodities are speculative assets that generate profits through price fluctuations. This doesn't make them worse than investments, it's just a different mechanism.

Some people are good at speculation, but most are not. You can easily get burned trying to trade Bitcoin, especially with leverage. Holding for years is a safer strategy. But learning about Bitcoin and surrounding technologies is not a great idea. It's not a high demand skill set. If you want to spend time learning, better to learn something that is already established and will be relevant in 10+ years. Like programming, AI, automation, data science.

When Bitcoin price falls, so does its purchasing power. If yesterday you could buy a house with 1 BTC, but today it's worth only half of the house, you have lost value. It doesn't matter that your loss is not realized and you can potentially get it all back, because here and now you are poorer than before.


If you are so sure that Bitcoin will go up and up, why not sell your house and your organs and anything that can be sold to buy more Bitcoin? That's only logical if you believe that Bitcoin will 100% go up.

The point of saving with banks or funds is that you earn interest. Basically they will lend your money to other people and those people will return back more than they borrowed from you.

Bitcoin is a decentralized currency, and if you want to lend it to someone, the burden of negotiating the terms and collecting the debt will fall on you too. There are no decentralized wallets that let you to own Bitcoin and earn interest.

There are centralized platforms that let you do that, like certain exchanges, but this means that it's essentially just like a bank. Except it's not fully regulated and insured, so there's way more room for failure. So why be greedy and earn some extra 2-3% per year and risk losing all the invested coins, if you can just hold Bitcoin and see its value double or triple in a few years?

At first Bitcoin reacted negatively, as it declined to $20k, then it reacted positively and reached $26k, as I write this post it fell again to $24.5k. So it's hard to tell were the price will be when this drama is over.

I think there are reasons to be concerned, because Bitcoin market is very reliant on banks and centralized exchanges to provide liquidity. So a failure of a bank that has ties to crypto market can not be good. But maybe the narrative "banks are falling, plan B!!!" can push the price upwards to compensate for that. Time will tell which force is stronger.

Bottom line is, now is not the time to panic sell, nothing about Bitcoin is being fundamentally challenged.

For Bitcoin to get more adoption, it must become all-around better than its competition. Simply being better in one aspect, like being resistant to inflation won't cut it. Because people don't choose their money based on only one parameter.

Bitcoin needs to become stable and not fluctuate by more than a few percent over a quarter. That's why the world still uses USD and not Bitcoin - it's better to predictably lose some 2-8% of your value in a year than to risk losing 50% in one month with Bitcoin - the latter makes economic planning nearly impossible.

Lightning network needs to be perfectly stable and free of bugs and vulnerabilites so it can be used for small transactions, since on-chain is increasingly more unsuitable for that purpose.

And lastly, Bitcoin requires a culture of good computer use literacy - losing your coins to mistakes is too easy. And despite everyone living in digital world these days, the levels of computer literacy are not improving, as people use simple one-click solutions like phone apps rather than tinkering with command line, OS settings, registry editors and so on.

People don't understand blockchain. They don't understand how and why transactions are formed into blocks. They don't understand how cryptocurrency is decentralized and how it makes it different from fiat currency. People don't understand the crypto market, they often take a maximalist stance - either as a baseless belief that the market will go up, or that it will all imminently crash. They don't know about the halvening cycles and bullish/bearish periods that are tied to them.

Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank


And Bitcoin at first reacted negatively, yesterday it fell to $20k, and today it just recovered to $24k, which is where it were before this drama started. Sure, maybe Bitcoin will be at $40k in a week, but until that happens, let's not make hasty statements.

These banks that were affected were tied to crypto industry, especially exchanges, and reduction in liquidity will probably be more negative rather than positive for the price, although it's still a relatively minor event if you zoom out.