Bitcoin was designed to be "electronic cash".  Nothing should be changed in core that does not support this mission.

The title of the Bitcoin white paper - "Bitcoin: A Peer-to-Peer Electronic Cash System".

The sources of frustration for some bitcoiners (not me):

1. Bitcoin corrected about 10% too soon after reaching the ATH (73K).
My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.

2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity.
Let them, of course, yet this verbiage permeates the blogosphere and CT.

TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.

But with the increase in the value of BTC, doesn't it create the possibility of increasing the number of connected machines?
For small miners, it could be an opportunity to have more hash, given that the value of BTC is higher.

Well, when you think about it, as the difficulty increases, you end up gaining so little that it still doesn't pay off.
Anyway, we are at a stage where the market is starting to regulate itself, leaving only those with real hashing capacity. And unfortunately this ends up centralizing mining even more.

Hello Members

Since I have been attacked by some members for using colored text in my posts, I thought I would open a poll to see what other members think.

I like colored text.

IMHO every forum I know offers text formatting with all kinds of options including colors for text. There must be a reason for this because if it was not good or acceptable to use the text formatting they would not offer it.

Please vote and give us your pros and cons in a friendly and civilized manner.

Interesting for me is if most members vote to remove and not offer the text formatting, if the forum owner will take it out and delete the text formatting.

---

Since I could not find the option to add more questions, I will add more questions with answers here to give more food for discussion. If anyone knows how to do this, I would be grateful if they could point me in the right direction.


Do you like colored text in forum posts?
Yes
No
Neutral

How do you believe the use of colored text enhances or detracts from the forum experience?
Enhances
Neutral
Detracts

Should the forum continue to offer text formatting options, including colors, for posts?
Yes absolutely
Yes with some restrictions
No it should be removed entirely

Should the forum owner only remove the colored text option?
Yes
No


PS
to the Mod:
In case I posted this poll in the wrong subforum, please be so kind and move it to the right one, thanks.

This is an indication that the hardware is not able to keep up with the market.
We need another leap at a technological level, in relation to mining, to return to more attractive profitability.

I think the last time I really saw this leap was in 2013/2014, when they left GPUs and moved to ASICs.

Are you sure cooking a meal at home can cost the same amount as eating at a restaurant, even with the same menu? How do restaurants make a profit then? My experience is that cooking at home is less expensive than a restaurant because I don't have to pay for staff salaries, rent, taxes, etc. It's mainly the cost of food and some electricity or gas.

Still, in today's world, it's true that saving or investing requires either cutting expenses or increasing income. I'm glad we live in the cryptocurrency era because it's been a real help for me financially

I rather agree with you about having an age limit. But because of the experience of old people, it would be nice to have a formal 'Old Guy', Advisor-To-The-President position that carries some authority... enough to stop foolish Biden mistakes, for example. The Advisor position could require somebody over 75-y-o, for example.

This might be true regarding averages. But are you including people who live on the street and use fentanyl and poop next to their street-neighbor's cardboard-box-home?

Neither Trump nor Biden live like this. Rather, they live with the best medical and nutrition that is understood professionally. This brings their odds of dying way down. However, this doesn't mean that they won't die. It simply means that they will "probably" easily beat the averages.

They can demand it, but.... American law and courts of course have their own "tricks", but ... You can't just call and say "Ban it because you can't, because someone doesn't like it". In order to ban - you must first prove contradiction to the legal framework. And then there's case law. This is about the fact that the ETF Bitcoin allowed - why not allow / prohibit the same decision for Efirium !?? So most likely they will have to allow it, or try to prevent it for a very long and ineffective time. But it will not end in favor of SEC and those who want to ban it

hyperlinks are like hiding extra syllables in another dimension or something. is that even legal?

lol cheat

Hello all BTC
can we talk about the source behind BTC price
yes there is only 21m btc but iI think that it is not enough
it make anyone reach just by bying and hodling it
we normally get rich by working, studying or something else but not hodling
there is that guy who keep all his time studying and working and get paid just to pay rent, food and his family (life should be like that)
there is that guy who never studied or work just get some btc and hodl it 

thank's

Should a mining company focus on increasing a stack of Bitcoin that they can display in public as a way to showcase ability to save in BTC and as well as show confidence in trusting BTC as a way to keep your treassury by hodling it instead of cash, or should a company in the mining field just focus on mining as much BTC as possible, including selling the BTC you mine at any rate in order to keep expanding your hashrate and do not even hold any?

Im not sure about this. Some people like to see how a miner can hold onto a lot of BTC like MARA, but others seem to not care that much and just want max efficiency. For a public miner I guess whatever increases shareholders value the most is what works. Anyone has studied this?

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

There's a higher chance of mining a BTC block with a PC CPU/GPU...

We all saw this one gazillion times already.
The twitter "guy" doesn't even say where we are at in his opinion.
I would say, maybe "optimism", but according to all social metrics we are nowhere close to the "mania/thrill" yet.
79 is a lagging indicator too. We are not more than 70 rn, after a few days of declines.