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When the power goes out and all internet traffic stops, my bitcoin is the last thing on my mind. The entire world will cease to function so it won't matter much.

I leave it up to the government to create incentive. I trust they will do this. :D

Although I fully understand how these past few years, the game has all been about screwing a whale, and it has been very successful, I do wonder if its possible with something like bitcoin. Yes the price is dropping, but given how much of it is in offline storage, its not just a matter of hedge...

Its actually refreshing that this can play out without any intervention. No market halts, no shady deals, just an open market between buyers and sellers.

Honestly, watching this video and seeing the crypto meltdown brings me joy. If all of the excess of crypto is destroyed, maybe the crypto space can focus on building the system the proper way that will replace the current monetary system. None of it was sustainable really, and its crashing...

My plan is to accumulate bitcoin. Just watching Luna crashing now is a little surprising, but its ok because I never really got too much into stablecoins. The fact that the Lunda foundation are selling bitcoin helps even explain the bitcoin drop. When you think about it, bitcoin is holding up...

This is tricky. My own personal rule for day trading is to buy lows and sell highs. Once a higher low and higher high is established, that is the worst time to buy. Case in point, look at the BTC chart below. The second example shows exactly what you describe. The worst thing is the stop...

Of course it can be finessed, but I'm not scared to hold it. If you tell me it's going 25, then of course buying there is better than on the way down. But if I have to wait to see it going up, do I start buying at 35 because I need to see the rally is real? Then it dips down to 32, and as you...

I wish everyone dumping on Bitcoin would pledge their allegence to never buying a single Satoshi, and that this could somehow be enforced. We all agree price is dropping, and it sucks for current holders. But most of you will be taking a stab at owning some I'm sure. If we consider the 3 or 4...

Blow up how? I bet there is so much interest at 20k, the previous major top, that it might not even reach it. If it went all the way down to 5k, I would buy a whole coin. Now imagine how many other people feel the same way? We have all now seen what crypto can do, and many wish they bought...

I think lots of people are waiting to load up on a crash. So the question is how low does it have to go. Lots of people here in the forums lately think that Bitcoin is worth zero and will never buy, but I happen to think that when the Price is Right there will be a huge amount of demand. I just...

Yes, this is it exactly. I also have this feeling like they want to destroy Elon Musk as well (although he is doing enough of the damage himself), and I think TSLA shares dropping down to $500 or something like this will cause many of his loans against shares to experience problems. I have...

I'm especially going to do this in response to your replies to me.

He is asking you for your fundamental analysis on BTC. Where has he been for the past few weeks when we are trying to drill this into the posters here who don't even want to look anything up? Its obvious that none of us holders like this price drop, but the fundamentals of bitcoin are as...

No, I was thinking of the Cantillon Effect. https://www.promarket.org/2020/04/13/the-cantillon-effect-why-wall-street-gets-a-bailout-and-you-dont/ You will have to explain what you mean by manipulation. Yes, some have lots of it, and most have hardly anything, but it can't be manipulated in...

I do agree with this. Its better to work the system rather than change the system. They don't need to. The Fed is 100% capable of starting said revolution. They have messed up the system so bad, that its either going to end in hyper inflation or a depressionary deflation. Us bitcoin...

I do agree that people will always be taken advantage of, but right now, the way it works, as someone else put it, those closest to the money printer benefit the most (there is an official name for this phenomenon that escapes me). With bitcoin, anyone can be the money printer. You have...

I don't know where the bottom is but when even more people realize how inept and corrupt the government is, which also means how corrupt the money is, more and more people will be looking for a solution. Bitcoin is that solution.

The government should only be spending what it receives in taxes. When the government is in charge of also creating the money out of thin air then clearly huge distortions happen. If the government actually had financial constraints then less money would be spent on bullshit like wars and...

My point was more specifically about why Bitcoin is different than everything else. Yes, it is in a downtrend, and there is strong support at 30k, but that of course can easily break this time around. The thing though is that it's not just about trading. When Bitcoin is described as the...