Economy collapses -> people have no income -> people sell assets to get cash to pay for basic necessities -> Bitcoin crashes

If Bitcoin was a widely used currency, the crash wouldn't be so dramatic, but because people need to sell it to actually use their Bitcoin wealth, Bitcoin would be in a bad position if there's a global economic collapse.

Luckily, all the talk about collapse is just a FUD coming from political extremists, at worst there will be some economic stagnation similar to covid times.

Saying that regulators control Bitcoin market is an overstatement. Their actions might influence it, but there's also a lot of other factors that cause price change, most notably halvenings. There's no entity in this world that can decide precisely what the Bitcoin price will be tomorrow, because Bitcoin's supply is distributed among millions of people and it is traded on a free and global market, and we are already at the point when most of coins have been mined. And both the network and software are not controlled by a single entity.

This has nothing to do with IQ, it's just basic math. Anyone who have middle education and didn't sleep during math classes should calculate 2 (because the amount is doubled every day) to the power of 30 or 31 (number of days in a month) and get 10.7 or 21.4 BTC correspondingly.

But it's a good way of illustrating that people shouldn't rely on basic perception and always do the math. It's easy to lose perspective when dealing with big numbers.

When there's a fee spike due to higher demand for transactions caused by increased trading activity or some NFT hype, it can last for many days if not weeks, including on weekends. You can send your transactions with a moderate fee and use RBF to increase the fee if you will need to change your plans and get it confirmed ASAP.

High fees are annoying, but you need to look at a bigger picture. If Bitcoin suddenly went up and you want to dump it, it's better to pay a high fee (like $5-10) and get high profit than to wait for lower fee and risk the price crashing and your lost opportunity being higher than the saved fee.

That's what I see too - sites and blogs about economics, business and investing are talking about crypto as a viable option, simply mentioning that it is risky. Organizations and individuals accept it as donations. Those who think it's a scam are just a loud minority.


Investment is a privilege that the poor can't afford, so no one should be surprised that most people are not interested in Bitcoin - they just can't afford the risk.

A good strategy to promote more Bitcoin adoption would be telling people that they can and should invest small sums to be less exposed to the risk.

If you want to learn fast, you need to read quality resources and avoid junk discussions. Most of the topics in Bitcoin Discussion, Economics, Speculation boards are not worth the time reading them. Development and Technical discussions is a good board, also you should get knowledge from Bitcoin books, Bitcoin wiki, Bitcoin stackexchange, blogs of Bitcoin developers.

Fiat's dramatic inflation is only a problem if you decide to store lots of money under your bed as your retirement strategy. If you invest them, inflation won't be a problem. But Bitcoin has a far worse problem than inflation - volatility. Volatility makes short and medium-time planning impossible. That's the reason why all governments stabilize their own currency to ensure that their economy doesn't suffer from uncertainty of national currency exchange rate.

A few more cycles and over 99% of supply will be mined. Inflation would hardly matter at that point, so the halvening of an already small inflation should not cause a bull run. But it could be that a sort of self-fulfilling prophecy tradition will become established and bull runs will still keep happening, just because everyone will think "it happened in the past, so it will happen again, so it's better to buy Bitcoin before the halvening".

The problem is not that they use block space, but that there are people willing to pay for this hype. Bitcoin is protected from spam with its fee market which makes spam expensive. But if people are willing to pay for wasting blocks space, this is a case of partially hijacking Bitcoin network and in a decentralized way. Perhaps a soft-fork will be needed to tighten the protocol rules so that such activities will be rendered impossible.

As a rule of thumb, if someone approaches you and offers you to make money, they are trying to scam you. Unless you are a very popular person and everyone actually wants to work with you.

If these promoters are asking for a fee for their service, it's likely a scam or a bad deal. For you as a creator the best option would be to split profits with them, so in case your collection flops, you don't lose any money paying to promoters.

I wouldn't look into some stable patterns, because Bitcoin always defies them. The last bull runs double top was something that never happened before. It shows that there's always a first time for everything. So there's a possibility that the next bull run will start earlier than expected. Or later than expected.

We have /r/Bitcoin - a forum with nearly 5 million users who don't get paid to post. The number of posts per day is comparable and maybe a bit lower than this forum. The quality isn't much better, it's still full of "Bitcoin to the moon" shitposts that provide no valuable information and just show beliefs and emotions of the posters. Sometimes there are good posts, but they don't generate as much discussion as the shitposts. Just like on this forum.

The fact that we are still having these "what if time machine" posts shows how childish and amateurish Bitcoin community is. You don't see these kind of posts on forums of stock traders, real estate investors, etc. How do you expect Bitcoin to become a real financial force if to most users Bitcoin is just a dream of getting rich quick while doing nothing?

When people were adopting the Internet in its early days, they were actually using it, spending many hours per month, and the benefits of Internet were clear to see.

But with Bitcoin and altcoins, most users are just people who want to make some quick money from speculative trading. Most users are not adopting crypto to pay with it in stores or online. Adoption for speculative trading is not sustainable, it creates a bubble that will pop when there will be too few newcomers to sustain the growth.

Bitcoin can reach a lot of price levels, but can it sustain them? We are likely still in bear market, which means everything that is gained can be lost quite quickly, the corrections during bear market are brutal because there's not a lot of confidence behind the reclaimed price levels.

We can reach $40k and $50k too, but it's unlikely they will be stable, because there's a lot of time before the halvening and the new cycle.

If you are a cryptoanarchist cypherpunk libertarian sovereign citizen, it won't affect you, because you are not supposed to use centralized platforms that follow regulations. And of you course you are in only for the tech and don't care if Bitcoin is worth $100 or $100,000.

The most affected category of users will be the investors who want to just make profit and don't pay taxes - they will lose convenience of using centralized exchanges that seamlessly send money to their bank account and will have to look for alternative solutions.

That's a horrible advice, giving someone access to your wallet so they can help you with transactions is a huge security risk. In the future there might be a separate wallet device that can scan QR codes for payments, or maybe existing hardware wallets will evolve in that direction. But so far Bitcoin payments are very rare, so there's no demand for that.

However, OP's question highlights a big flaw of Bitcoin - not having a physical option is bad, because electronics might not be available 100% of the time - there can be remote locations with poor Internet connectivity, there can be power outage and so on. Cash would still work fine in such situations.

Faucets weren't worth it back then and they are not worth it now. It's irrelevant that the value of Bitcoin increased, because only value at the present matters. You can earn more fiat money with the time you waste on faucets, buy Bitcoin with that money and when it will go x100, you will be a millionaire rather than having some $1,700.

Where did you get the idea that they are considered "bad actors" and "in Bitcoin"? Bitcoin community certainly views them favorably. I can only think of the regulated exchanges that are avoiding transactions from these services because of potential troubles with the law - unlicensed casinos could be used for money laundering, and mixing is used by criminals to obscure their tracks.

If you are running a full node, you can collect statistics about malicious nodes if you encounter them. The nodes that purposefully try to spread invalid data or otherwise behave maliciously. You can also look at mempool and consider certain low-fee transactions a part of spam attack. You can look at mined blocks and see if reorgs are happening, which can be a sign of 51% attack.

But I don't think anyone made a site for tracking attacks, because it's not very useful -  it's impossible to track most of the attacks, and such attacks are mostly theoretical because they don't cause much harm to the network.