Circulating supply does not decrease. It only increases the more blocks are mined. It is guaranteed that your wallet balance never changes by itself. Do the banknotes in your fiat physical wallet vanish or appear randomly? They don't; your Bitcoins don't either.

If the total supply is ever going to be changed (which is almost certainly not gonna happen), it's going to change for everyone. It might become one of the options on the table if Bitcoin ever touches a hundred thousand to a million bucks per coin, as fees will start to become expensive without a 2nd layer solution such as LN. But if supply ever changes from 21M to 21B, the price will also change proportionally.

Bittrex has been having issues in the past. I've had my funds blocked in my wallet over there - the money is still sitting there as they're waiting for KYC procedures from me to be done. I'd rather lose my bucks than give them my details. I really hoped they'd sink long time ago, but it looks like I was among the few customers who didn't want to comply to their orders.

Just leave it and whatever other exchange that seems to have show kind of oppression against privacy and decentralization.

Here's how my adventure went so far: long story short, I regretted every time I sold and enjoyed every time I held my coins for the long term. Yes, a lot of people sell everything at a higher price expecting it to dump a little, but without them would trading exist? You have to sell or purchase at one point - what seems expensive to you might seem a perfect chance for someone else.

The thing is that there's no enforced tax. It's a pay-what-you-want. There are txs with zero fees that have been mined before, although today that's not the case (and such txs will likely be dropped from mempools).

If a central bank gets to own the largest mining farm to take all taxes, then those who care will simply fork off. There are solutions to most (if not all) of those problems, thanks to decentralized governance.

Remember that Bitcoin will change in the future, and fees will likely become much smaller so that the average Joe will afford to pay them. Even today, you can pay as much as you want so if a bank was to own a large % of the mining power, you could pay 1sat/byte and still get your tx confirmed IF the bank doesn't censor your tx.

If this ever happens though, we will have much larger issues to confront: if the banks purchase enough mining equipment to own a % of the hashrate so high nobody else could compete with it, then it means they own a % of the hashrate so high 51% attacks become a thing. Bitcoin is about decentralization, about NOT letting a single power own the majority of the votes. Thanks to BTC's nature, we can solve these issues without a doubt.

Purchase it using a fictive name, use a disposable phone number and use a temporary PO box as the delivery address. Pay with BTC if you can and there you go. The only risk you really get is not receiving the package.

Whether you purchase through official store or resellers doesn't really matter when it comes to handing out personally-identifiable information. There's always a risk of being the victim of a database hack.

A monetary system that is decentralized doesn't sound like an impossible idea, but having a completely fair one where greed doesn't take over pretty much does. The only way you could probably achieve it is by not allowing humans to send coins from one to another so that only merchants receive coins, but then what happens is .. Merchants become rich and there you have it: even more greed and power coming from corporations..

As long as the money is being spent, wealth inequality will always exist.

It's probably impossible to create an uniform, fully fair system unless everyone wants to contribute and earn the same way from it. You can't create a system where fairness is a thing when greed exists. There will always be someone who'll want more. And censoring them is a communist thing to do, so we're left with what we currently have: a monetary system which is as decentralized as it can get.

If Bitcoin had all its supply mined and grew to >$30M per BTC in a matter of 10yrs, that would make its market cap worth well over $600,000,000,000,000. Are you sure this is a realistic target? Because tbh, today's market cap doesn't sound like it's exaggerated (and wouldn't have sounded a decade ago as an exaggerated one for a currency either). A mcap over $600T means about 1/2 of today's global money supply

We have them, except they aren't controlled by the 1%. CBDCs are needed by the govs because they do not want third parties to have control over money supply.

And then what's so fun about a centralized currency that stays pegged to fiat currencies anyway? It's the same boring enslavement currency we already had, but you're supporting the digital version of it instead.

If the short term is what you're looking at, then if I were you I would not put my money into BTC. It's likely going to be very wildly changing fot at least one year.

You will probably not lose that $1.1k, but since you think about it that way.. why not just invest it in BTC for the long term and "forget" about it, or consider it a loss? Leave it in your wallet for the long term, because it will most likely pay off.

That's what I'd personally do. Long term has always paid off very well. The best thing you can do is follow your brain, not your emotions.

You probably have to stick to the specific institutions' newsletters to find out. At one point, they'll likely publicly announce the sale (or the company's investors are going to be informed about it).

All of these are predictions and probabilities. Most people are tempted to believe either what they like or what a certain celebrity thinks about the future of Bitcoin rather than rationally analyzing the markets and making their own opinion. Out of the 2016-2018 rumors, probably not even 90% have turned to reality.

I honestly doubt there is no more BTC to meet the demand, although I do not have any resource to validate my throughts tbh.

Why would you sell at point B only to purchase back at point B again?

The best thing you can do is sell at a higher price and then purchase at a smaller one. If you sell $300 worth of Bitcoin (0.01BTC) at $30k, with $300 you'd purchase exactly 0.01BTC back at the same price so what's the point really?

The worst part is waiting for point C, because you never have a solid answer about the way markets are about to move. Nobody can really give you a proper answer to the "hodl vs sell and wait for the dip" question, but the thing is.. Hodling BTC has always proven to be worth it over the long term.

Try not to follow your emotions. Emotionally-driven decisions have been the worst for me every time.

Bitcoin isn't always correlated to alts; sometimes Bitcoin takes a slump while alts literally go crazy bullish. Usually, when we have Bitcoin bull runs, once BTC's price stops getting pumped it's time for alts to "shine" again.

Had I always converted BTC into alts post-bull runs and then back to BTC once the alt seasons ended, I would've had way more money today except a few coins that have plumetted since then.

That's what happens when you falsely advertise your cryptocurrency as an attempt to bring it to the top. Says everything about their true intentions.

I get the idea of having your device protected from malware, but how safe do you feel having installed a so-called "free" software that constantly scans your files.. especially when you have files containing your wallets on your device?

I'd rather just not click non-trusted links and stay away from non-official (and non-verified) software. Chances of messing up are way lower.

It obviously cannot be a forever bullish market, especially since Bitcoin's bull runs are quite extreme. We're used to those "bubbles", but I always consider them as being a second chance to enter the market at a lower price.

As you said, I've also always known first months of years to be quite crappy for BTC. I expect a little short term consolidation soon, but overall.. I think the bull run has only just begun.

For YouTube and all those other platforms.. the solution sits into the company's hands, hence why I always say moving away from YT and other corporation sustaining scams is the best thing we can do.

After all, if you really think about it, people who fall to these kind of scams are quite immature honestly and they'll likely fall into other traps at one point anyway. It's pretty much more than logical that "get-rich-quick" schemes are going to end up being scams; I'm pretty surprised that even ponzi schemes sometimes still work tbh.. And unless YT or Twitter or whoever else allows their ads give a damn, discrediting them is almost next to impossible.

Depends on what "safe" means for you, honestly. I would not consider Coinbase a safe storage for a few BTC but each on their own.

The safest thing you could probably do is purchase an ERC20 stablecoin with the fiat and keep the stablecoins on your Nano X. When you feel like you're ready to purchase BTC, just move those stablecoins back to Coinbase and purchase BTC.

So for the average person who's living ona paycheck to paycheck basis.. do you think it's better if they spend the entire paycheck on useless stuff (or even on food) when they could try to live off the money they currently have while investing the stimulus for bad days such as those we've had with the virus? To me, it makes more sense to take that money and store it rather than spend it. Why the hell would I want to artificially boost the economy by sustaining the already rich corporations when we could use it as a long-term plan to sustain ourselves & our family...

There's one very easy solution to this problem:

1. Withdraw all crypto from your accounts
2. Install Bisq
3. Enjoy trading without fear of restrictions and bans!

Now to answer the title of the topic, this only further proves that my earlier thoughts about improving default privacy through BTC are slowly being confirmed: hostility against privacy is a thing of the near future and if we ever push BTC into the privacy zone, it'll be significantly affected since everyone will want to jump out of the falsely advertised "criminal's" boat.

I actually have a new thesis for what's actually going on: we already know that Bitcoin will most likely have a better privacy by default than it currently does. I doubt the institutional investors don't know about it; what if they're actually purchasing a huge load of BTC only to allow the usual bull cycle to happen while actually waiting for those new privacy features to be added so that govs come with heavy hostility against BTC and all those billions of USD pushed today by institutional investors in BTC are going to be dumped all-in-one?