Only a small fraction of this forum's populace really knows the nitty-gritty of Bitcoin. Most treat it as an asset just like stocks and bonds. The struggles of Bitcoin adoption don't end with lifting the ban. Spreading awareness is the most difficult challenge it has to overcome. In almost every country, the majority of lawmakers and leaders are from the old generations. From where I'm from, lawmakers know very little about Bitcoin, or cryptocurrency in general, so no one is forward-thinking enough to pass laws meant to advance the adoption process. If anything, the laws they make add more restrictions than pathways. We need younger and more open-minded lawmakers and leaders. But seeing more countries joining the rank is progress, indeed.  

Good for you and your country. Although I'm not sure how your central bank intends to "regulate" it because that will defeat the purpose of Bitcoin. Restrictions and regulations are also important to protect investors' interests though.

I don't have a full grasp of how crypto works yet, but isn't the idea of integrating blockchain technology into the financial system to move away from banks? Or, yes, I think I get that people still need to cash out and exchange crypto for fiat until full crypto adoption happens. Does this mean banks and crypto exchanges have to cohabitate until one dominates the other? If banks know what crypto is up to, I doubt they'll let themselves take the bait or keep the relationship going for long. Please enlighten me. Thanks much! ;-)

One thing is for sure: they will be using their media reach to try to influence the market, just like what Elon does. So, the fact that they make you curious means their strategy is working. I honestly believe there's no definite way to tell where the price is exactly going because it's the result of a collective decision. And since each trader's decision is based on unique situations, it's almost impossible to create a program that accurately predicts trends. So, what these influencers do instead since they cannot really come up with a fool-proof price movement indicator is get people to go with them in their desired direction via other media channels like social media. Don't try to find out what they're thinking because you can't. Look for the most influential among them and wait for their update. The rest looks up to them, too, so chances are they will just mirror their action.

If this is true, then it gives governments and anti-Bitcoin billionaires another idea of how they can put a leash on the crypto market. I wouldn't be surprised if some electrical companies in countries with a high concentration of bitcoin miners shut down or get bought out in a few years. But if this is fake news meant to spread fear and negatively affect the crypto market, well, someone's successfully maneuvering online media. Either way, it signals to buy, at least for those who failed to invest last year.

I think Bitcoin can, but only if governments let it. But they won't, because governments are addicted to regulations. They think nothing that doesn't require regulations works. To them, if you can't control something, it means it's dangerous. But for the longest time, human beings have been afraid of what they don't understand. If only the government would delve deeper and understand how Bitcoin works and how they can use it to benefit the people's advantage, I bet their misplaced fear will go away.      

Most of us desire early retirement. Some want to put up a business of their own. What's great about investing in crypto and/or other financial instruments is that you can do it without the need to give up your daily job or business. Even if you decide to become a day trader, it won't take much of your time, so you can still take care of your other income streams. That's most likely what these Korean investors did, and it played out well for them.

When you can't gain control over something powerful, your best course of action is to try to gain control over what makes that something powerful. In the case of Bitcoin, no one, not even any government, can regulate it directly. So, they go after the people who believe in its value. Fearmongering is the solution that they think makes the most sense. Or maybe, a media agency who's desperate to write a story that will sell is the one pulling the string. Or maybe, someone's jealous of those who kept their BTC from day one. Either way, it seems Bitcoin is being dragged into a conspiracy again. Hope it goes away.

Blockchain stores encrypted data. AI enables analytics and decision-making from collected data. By these simple definitions, we can quickly tell they can work together. AI can definitely streamline data processing through a blockchain better than humans or standard computing can. With efficiency increased, we can eliminate many redundant steps in the process, thereby reducing the processing power required, possibly electricity, too. But that's just my assumed general idea.

We all knew this is going to happen, and we can expect more in the future. More of the Fortune 500 will follow. Those who have been investing in cryptocurrency for a long time are lucky to have lived in such a time where crypto is just on its way to becoming a normal thing. I wish I had known and become capable of investing in it when it first came out. 

I understand that you are focused on your ROI because, like everyone else, you want to gain something out of the money and time you're investing in cryptocurrency. But I think what you should do first is to research cryptocurrency and not base your understanding of it on other people's opinionated arguments or rebuttals because that's looking for trouble. There are tons of articles and videos out there explaining how this whole thing works and how it benefits the global financial system down the road. You don't really need us to explain it to you in detail. If you take that first step, I'm sure you'll find enlightenment.

When your throat is too narrow and teeth too dull to digest progress, technologies like the blockchain will choke you easily. It's called technology because it's putting science to GOOD use. Whether or not you will benefit from it is up to you. It seems like the author just made some bad choices.

When blockchain and bitcoin pioneers started all this, they didn't think of decentralization as something that's achievable in a few decades. Considering that money and other forms of trade have been around for thousands of years, we can have a good idea of how long it will take to dismantle and replace the existing financial system. In fact, blockchain technology and bitcoin have already made huge progress in their first decade. We're on the right track. But of course, like the price action, you can't expect things to go smoothly all the time.

Even with indicators, no one can tell with absolute certainty what's going to happen. But like any other currency or asset, bitcoin's price action is primarily influenced by people's sentiments, especially since the global economy doesn't affect its value much. We've seen confidence in BTC rise dramatically over the last three months. If we keep it that way, we keep BTC's price stay within its current ATL-ATH range. So, it's basically up to us, the miners, and the large institutions that hold most of the existing BTC.   

I don't think calling bitcoin "a giant bubble" is an attempt to make it look bad. It's a prediction that any financial expert can make about any form of asset that's rapidly and continuously increasing in value. It's a warning we can't afford to ignore because like any other asset, bitcoin can pop anytime at ATH. But it's also possible that it will continue to rise.

As for banks launching their own crypto, some central banks have indeed been developing their own coins for years, and they're going to introduce them eventually. But don't worry, it's not going to affect bitcoin much. We have a lot of altcoins today but none of them was able to land a punch on bitcoin, so it's likely that those bank coins will only add to bitcoin's list of defeated foes.  

I don't think "dying" is the right description to use. Bitcoin is just progressing as an asset faster than as a currency. There are now many retailers and service providers accepting bitcoin as payment. We just don't hear much about them because the news is focused on bitcoin's market performance and I think we are promoting bitcoin either way. And it's not like we should stop doing one to give way for the other. Neither is getting in the other's way. So instead of viewing investors' obsession for bitcoin as "bitcoin killer", maybe we can leave it at that and just increase our efforts to use bitcoin as a currency. 

Isn't increasing buyers the reason bitcoin recently topped out at USD40K+? Rising price means there are more buyers than sellers.

I read in an article that many institutions hopped on the bandwagon and played a major part in the notorious uptrend. That's something we can consider unprecedented because, for the longest time, bitcoin's price is almost totally reliant on individual buyers.

This could mean that institutions are just beginning to trust bitcoin--and it's a good thing. It could also mean we can expect more of them to invest and the existing ones to invest more.

So, I agree with you that it will reach 100K, but I don't agree that there will be fewer buyers from that point onwards.

Institutions are just warming up and BTC's price already reached USD40K. Imagine what can happen if they get serious and more of them join in.

It all boils down to motive. The CCP has known about the fact that over 60% of bitcoin mining activity occurs in China for a while but hasn't touched it. Like what ranochigo said, attacking bitcoin or controlling the network won't benefit them. I guess the only thing that can get them to take action is when other superpowers like the U.S. advance in their mining capability--meaning, more miners set up in them. Knowing how the CCP can easily feel insecure when another country tries to beat them at anything, I wouldn't be surprised if they actually take over their bitcoin miners, even if it costs more than it generates profit.  

I don't think it's a matter of if but a matter of when. It happened before when the price hit $20K, so it's highly likely that it will happen again. But I don't think it will drop back to 50% of its value. The return is high even from a -15% swing, so there will be volume to make up sale and closing until the current ATH is reached again. I wouldn't say a nosedive is unlikely but at least the chance that it won't happen is higher.  

Bitcoin will still hit $40K regardless of Satoshi's gender.

I have the exact same thought. I thought it's gonna plummet when it hit the 21K mark but apparently I was wrong. And I'm still anxious to buy since it's already fluctuating between 29K and 34K. So, it will take a lot of courage for anyone who failed to buy early last year to buy now.



Apparently, you're not the only one. Because it wouldn't have shot up that high if no one else is buying. But I bet many of those buyers have been buying and holding since last year so their risks are manageable.


I believe we can. Just a few months ago we were asking if bitcoin will hit 20K again, and it did.