Quote from: stompix on August 27, 2023, 08:59:03 AM

Quote from: Don Pedro Dinero on August 27, 2023, 04:25:09 AM

Quote from: stompix on August 26, 2023, 06:52:16 PM

What I find really funny about these topics is that they pop like mushrooms when there is a dump, It's like everyone needs reassurance and start preaching to the choir as it would somehow magically words from people with the same mindset reported ad nauseam will somehow turn out to be true.

I guess it is similar to the threads that appear in bull market that give a higher and higher prediction. I remember at the end of 2021 it was not uncommon to see $300,000 predictions for this cycle on the forum. And outside the forum as well.

Yeah, but the tone is different!
In those times you only hear rockets, moon, we're going to hit 100k, 200k, everyone cheering, wine glasses, champagne bottles everything.
In a bear market it's more like, there is still room to grow, it will for sure go up, ETF is coming, Wallstreet is secretly pouring money, rather than everyone parting is like everyone seeking reassurance that things will get better, instead of champaigne flowing is more like a stench of soiled pants! Grin

Quote from: davis196 on August 27, 2023, 05:50:44 AM

You are coming up with the assumption that the Bitcoin price will rise forever and ever.
What if all major countries in the world(USA, UK, EU, etc...) ban Bitcoin trading and mining?

If they ban mining it won't be that much of a problem, we could still find enough cheap energy to keep this level of hashrate high enough to guarantee the safety of the chain, of course, we won't be able to find 4x-5x times more, which is going to weight a lot when it comes to confidence, you can't have a 10 trillion blockchain guarded by machines worth 100 million, it's inviting troubles!

If trading is banned, then we can close the chapter of getting rich by holding coins, with all the wealth that matters getting spooked from investing it by bye trading and investing and back to the original, a p2p cash system, like Satoshi wanted! No more no more moon, no more billionaires from shitcoins but good old and boring payment system!

So, at the same time, not really that bad and not that great either!

TBH I cannot see them banning mining because Bitcoin offers such a great INVESTMENT
opportunity that powerful people will want a slice of the 21 million Bitcoin cake.