Bitcoiners persecution complex at its finest. Government bad and wants to kill Bitcoin! But Bitcoin is brave and strong and is defeating the government! And of course people here don't read the article, but get outraged by the bad government man that hates Bitcoin.

If the US government hated Bitcoin as much as Bitcoiners believe, they would have banned Bitcoin trading a long time ago and disconnected it from the fiat finance.

The number one reason why people don't use Bitcoin as a currency is its volatility. Imagine you are a business and you accept Bitcoin, and suddenly it crashes by 30% and now you are short on money for your operational costs. Or the opposite - you took a Bitcoin loan, Bitcoin jumped up by 50% and now you owe more money than you took, basically suffering a loss. A partial solution could be tying Bitcoin prices to its market price, but it would create problems too. Someone can order an item, then cancel it after a week and the seller will have to return a different amount of money.

Everything in this world has a use case, the question is how much demand for this use cases does Bitcoin have. Without reliable data all those described use cases are just anecdotes and theory. But by looking at this forum and other Bitcoin communities, I can reach conclusion that the biggest Bitcoin use case is speculative trading. Look at how many people are discussing the current and the future price movements, and how many are discussing Bitcoin payments or other use cases.

And even if we assume it's true, that's just one block out of many. Any discussions about Bitcoin mining impact need to be backed with high quality research instead of anecdotes or random Internet articles.

But to me the bottom line is that Bitcoin consumes a small fraction of total electricity generation, and electricity generation is responsible for a small fraction of carbon emissions. That makes Bitcoin mining a rather small climate change offender when compared to other industries.

If big bad government felt threatened by Bitcoin like bitcoiners tend to say, that would be a good incentive to attack it and make 99.9% of users abandon it. But they know well that Bitcoin is not a threat to fiat, because people don't use it for payments, the biggest use case is speculative investment, which can be taxed.

Buffet only invests in assets that generate value. He hates speculative trading, and Bitcoin is the pinnacle of speculation. Buffet will never buy Bitcoin, because it's impossible to predict where it will go next. It can crash to $100 tomorrow just as easily as it can rise to $1,000,000. It's indeed close to gambling, but it's not gambling, because in gambling the odds are known, fixed and are stacked against the player. In Bitcoin no one has the slightest clue of what its value should be. Everyone is just projecting their feelings when they make price predictions.

If we want Bitcoin to be secured by a similar amount of work in the future, it means the fees will have to compensate for the halvenings. And Bitcoin capacity is so limited that even with only store of value use the fees will skyrocket if it gets a little more adoption. We see it during bull markets how fees become $10-20 per tx just because so many people want to send their coins to an exchange.

But I wouldn't exclude a possibility that in the future there will be no other choice than to return block rewards and make Bitcoin inflationary, because otherwise the network security will be too low.

5+ billion is not a big sum for a government, especially those with the top economies. Plus they can just seize miners instead of buying them, and only pay for electricity to attack Bitcoin. If governments and banks hated Bitcoin as much as bitcoiners describe, they would have already attacked it on all fronts, including a 51% attack, that would have been much easier after a hash rate drop that would happen after most major countries ban mining.

In my experience its not worth the effort to look for jobs in crypto space. They are too scarce, and you spend more time finding them than actually working. Better just find a good full time employment or build a freelance career. Then use your fiat earnings to buy Bitcoin - you will have way more Bitcoin this way than trying to earn it directly.

That wouldn't be just an issue, you would permanently lose those money, unless you mistakenly sent them to someone you can contact and convince them to return the coins. With banks at least you have a very decent chance of fixing the mistake, even if it doesn't happen fast.


In my country banks provide customer support via online chats, they respond within minutes and generally can quickly fix all the common problems. Banks don't have universally bad user experience, people need to chose their banks more carefully and demand better user experience to create incentive to modernize.

Peter Schiff is a perma-doomer and gold bug, he will always make the same prediction no matter what. If you are telling for decades that an economic crisis is coming, than sooner or later you will be right, because they happen quite often. But also such predictions are useless, because they need to be accurate in terms of timeframe to be useful.

As for dedolarization, countries that are opposed to the US have been doing this for quite a while. Just remember that the US + EU have half of global GDP, if you add countries that have good relations with the US, you will have over 70% of world economy. Can you imagine any of them switching from US dollar?


India and China are rivals, no way India will ever be aligned with China against the US. And Brazil is pretty neutral and won't go against the US either.

I think 20k is more likely. Bitcoin tends to reverse the direction when momentum is lost. It's still to early for the big bull run, halvening is 1 year away. If there will be no big upwards push soon, those who bought recently will start taking profits (which are quite high if they bought below $20k), this will trigger more profit taking and create panic.

People don't realize that big coins can be scams too. They think if a coin is in top 10 or top 20, it's guaranteed to not be a scam. But in reality crypto devs do not plan to actually finish their project, they just create hype, get millions of dollars from dumping their coins and move on to the next "project". Crypto is a game of a bigger fool rather than an investment in something that creates value.

I'm wary of this recovery, the halvening and the bull run that comes after it are still far away, so the market can still reverse and have a correction. If we look at the previous cycle, Bitcoin recovered to $10-11k, which was 50% of the peak value, but then crashed again before the new cycle started. If something similar happens now, we can fall to $18k again in this year. That's if the previous pattern still holds, which might not be the case anymore.

Beginners can't do their own research, they don't have the knowledge and experience to do so. In fact most people should just stay away from trading and altcoins, it's a risk that is not worth it. Owning Bitcoin and holding it for long term is already a good investment. Alts are just a trap for greedy people.

When USD changes its value by 0.1% in short time, we can't measure this effect on Bitcoin, because Bitcoin changes its value by a much higher percentage due to its constant volatility. Same thing is happening over larger timeframes. If US dollar loses  single- or double- digit percentages over years, Bitcoin changes its value - up or down or both, by a much higher percentage. Bitcoin market is so chaotic that you can't strongly correlate it with anything.

But I believe this will change as we are getting closer to the supply limit, so halvenings will stop causing these huge bull and bear markets.

Not only majority of the population doesn't care about decentralization, the same is true for crypto "enthusiasts" who also refuse to use decentralized alternatives - because they only come to crypto for making profits on speculative trading. Decentralized alternatives are objectively worse in most regards compared to centralized ones - in things like ease of use, user interface, response times, features, costs of use. Most people don't want to compromise on that for the sake of decentralization.

If everyone will start switching to Bitcoim, its value will explode and satoshis will be like dollars. Since one Bitcoin is 100 million satoshis, there's more than enough satoshis to cover the global needs for units of account. Plus Lightning Network allows dividing sats further. And if the need will arise, maybe the protocol itself will further split satoshis.

GPT is just an average of human opinions across the Internet. If most commenters think that Bitcoin will go up, that will be ChatGPTs answer too. And since Bitcoin supporters are far more active than Bitcoin skeptics, it's easy to see why ChatGPT is bullish on Bitcoin.

There's nothing intelligent about this so-called artificial intelligence. Try to trade some shitcoins with AI and you'll see how fast you will go bankrupt.

Bitcoin is not a silver bullet for achieving financial freedom. If you government banned Bitcoin, you won't be able to use it to buy a house, which requires government registration, spend it legally, etc. And rich people are not relying on Bitcoin to protect their wealth, they have offshore accounts for that.

Bitcoin's anti-inflation is impossible to measure. The last 3 years saw big rise in inflation, and Bitcoin had a lot of up and down movements in this period, instead of only going up and up.

A good investment is the one that has high returns and low risks. Bitcoin has high risks and very high returns, so it's not an objectively good investment. You can't recommend Bitcoin to everyone.