The "crisis" will not end, OP.
This is the new "normal".
Get used to it.

I have my doubts if decreasing the difficulty could mitigate the losses caused by the halving. They use the rewards to pay for the costs, after all. If this was possible, bitcoin would still be around $1000 to this day, as it would stabilize right after the first halving.

I just imagine the face of those traders who keep screaming "muh freedom to dump bitcoin to $100" when such regulations come.

It was, some years ago. Today its just a commodity.
The correlation with the stock market shows it is just another speculative asset.

This happened after futures contracts were implemented for bitcoin, "legitimizing" it for the legacy (ie, fiat) system. Some people loves this "legitimation" idea, because they gamble in the derivatives markets.

The idea of a digital currency still exists, though, so some other asset might replace it as a coin for daily use. Which one will be, we dont know. Right now there is Bill Gates wanting to implement a global cryptocurrency, using vaccines with nanotransmitters, nanosensors and enzymes for proof-of-work (where the human body will be used for mining), and 5G tracking (including a satellite network).

Three months ago the cost to make a single bitcoin was $8k.
Costs will double after the halving. If the market follow these costs, small miners will be able to survive. If not, they are out of business.

Ethereum have much more chances to become a real currency, for everyday use, than bitcoin.
A ETH transaction lasts two seconds, whereas with bitcoin, a transaction lasts 40 minutes, even after paying the maximum fee.

Thats why ethereum should be in the second place, and not replace bitcoin in marketcap, so that it wont fall prey to rich speculators, leaving it space to develop. Ethereum dont have a "cult" like bitcoin does, and this is a good thing, as it brings innovations to the table.

I think its much better that ethereum stays in 2nd place. If it reached 1st it would suffer heavy speculation and its price would drop violently, to a position where recovery would be too hard.

Also, ethereum is faster than litecoin, monero and dash. Yesterday I sent 2 dollars from one address to the other, and the transaction lasted two seconds, with a fee of 4 cents.

Mas a exchange não seria considerada da mesma forma que um criptoativo? Afinal exchange não é banco, e as instruções falam de movimentação de reais.

Estou procurando por um cartão de débito de ethereum, que converta a moeda para reais, em tempo real. Este cartão tem que ser emitido aqui, pois se for internacional vai vir com um monte de taxas, que o tornariam inviável.

Ontem fiz uma operação de teste entre as carteiras Exodus e Atomic, e a transação foi confirmada em dois segundos.
Em contraste, transações com o bitcoin, mesmo pagando a taxa máxima, demoram 40 minutos para serem realizadas.

Então estou procurando por um cartão, para substituir o uso do banco.

Estes 35k incluem também o saque?

Por exemplo, um usuário vende 20k na exchange, e então saca estes 20k pro banco. Em teoria, ele movimentou 40k reais, mas só vendeu 20k. Ele tem que declarar?

I will keep a inverted DCA strategy until the price recovers 0.618 of the fibo retracement, which is around $12k. After that I'm not selling anymore.

The game changer is people accepting the coronavirus as "the hoax of the century", going back to work in defiance to the law, and accepting crypto for payments. This can bring bitcoin to one million dollars at the end of this year. This movement would require the participation of rich entrepreneurs, which would bring new money to crypto.

The other scenario, where people just accept everything the government says, and fears the virus, can bring bitcoin down to less than a dollar in 2028. In this case, bitcoin is replaced by a global centralized cryptocurrency. Some people are aware of this scenario, and are stacking money into ethereum, as the second place in the list would not be affected at all.

Of course, these are very extreme prices, but they are meant to illustrate a rupture which might happen in the future.

The financial reset in the last century was in 1924. Maybe history will repeat and there will be another financial reset in 2024?

Fact is, their system is not sustainable. A system based in debt will sooner or later crash. And this crash will be much worse than the one from 2008. First, you have the coronahoax, spreading fear and panic across markets. Then, you have lockdowns of economies, followed by massive unemployment, and bailouts for big corporations.

It would make sense if people take those government incentives and put it on crypto. But most people live from paycheck to paycheck. However, if merchants revolt against the STATE and open their shops, violating the unreasonable lockdowns, and start accepting crypto, things might turn in our favor.

Its a good thing that people are waking up to the hoax already. I read that there are thousands of posts in facebook talking about Bill Gates vaccines. These vaccines let half a million children in India paralyzed. It is said these vaccines have nanochips which could track people using 5G waves.

Fortunatelly people are being aware of these schemes. Hopefully some will revolt and go back to work, and will accept crypto in defiance to the STATE.

Not going to happen, as people are being prevented from working by the modern STATE, so they need the money to buy food and pay their rents. They are not going to put this money into a risky asset which falls 60% overnight.

Its the big players setting traps, no doubt.

The $1200 stimulus package would never be sent through a crypto exchange. They will deposit it in the bank.

There will be a massive dump after the halving, due to the nature of the hype this time.

It was pointed out that bitcoin was in a bull market right before the halving, in the two previous cycles. Its not the case right now, as paper speculation turned bitcoin into a legacy asset. Now there is correlation between bitcoin and the stock market, as it happens with any paper asset.

Maybe this explains why so many investors are running to ethereum. They want a hedge against the stock markets, and bitcoin have failed to deliver. So now people will need to hedge against bitcoin too, but will ethereum be able to fulfill this task? Only time will tell.

Good points. Its a systemic issue, due to the ponzi scheme nature of how bitcoin was introduced to the public.
Those who joined in the first 2-4 years drive the price for all the others who came later. That's why you have cliques like the WO thread, where its members are always laughing, even when the price have fallen 60% in a matter of days. The crashes wont affect them.

There seems to be no way to solve this, as any new coin introduced leads to a ponzi scheme, the first holders defining the price for the ones who came after them. Thus these coins become speculative assets, and fail the initial purpose which was to be used for payments.

Fiat also have this nature, people just dont see it. The institution which prints fiat money, the central bank, define its value for those who buy it. The difference is that the institution is impersonal, so people are less aware of the manipulation, but it is still there.

I agree with the article, but I have to say that the long-term is not 5 years anymore. It is, at least, 10 years.

Bitcoin is not a medium of exchange. No merchant accepts it. It was accepted to buy houses and cars for some time, but this changed when the StF ratio got busted last year. Today it is just a speculative asset, part of the fiat casino.

Bitcoin transaction took 40 minutes.
Ethereum transaction took 40 seconds.

Both were paid with their maximum fees.

Which one is more prepared for the upcoming storm?

Dump to 3-4k by the FED. They need to cover the money they have been printing, so they are going to sell their bitcoins.
Also its easy for them to dump the price and tell the cucks it was COVID-19.

I don't believe movements from retail investors will drive the price lower. At most, they will keep the price sideways.
Small investors dont have enough money to move the market, even collectively.

I have to remind you that 1% of bitcoin users controls 99% of bitcoin's supply, both inside and outside the exchanges. And we dont know who these users are, if they are compromised with the fiat system and, in case it is so, to what extent. I can say the "hodlers cult" is somewhat involved with derivatives speculation, since they defended it fiercely when I attacked it.

I have enough fiat for some years. I'm worried, though, with the rise of the medical totalitarian global state. This will cause a melting of the fiat currencies, maybe in a unprecedented level in history. Some global centralized cryptocurrency might be launched to replace all fiat currencies, and also dethrone bitcoin from the first position in the market.

The altcoins, though, might be used as a hedge against both bitcoin and fiat currencies meltdowns, thus keeping their positions in the market. It is a theory I have been considering recently, and that is why I'm looking to place some positions in ethereum, monero and others.

I dont want to sell my bitcoins for fiat. Would you recommend exchanging it for ethereum?