By doing KYC you add several new risks to yourself, and you gain absolutely nothing from it. Perhaps if you are located in an unlucky place, you may save a little bit in fees when trying to acquire Bitcoin but the added risk outweighs the savings. For one, your data can be compromised and exposed online. Further, this information may be used against you both by criminals and by the government. If your purchase history leaks, you could be targeted by local criminals. If the government becomes hostile, you will be targeted as well.

I would avoid KYC if you can.

Unfortunately there are a lot of losers in the world who are full of shit. These types of stories keep increasing during a bull run, especially when the sentiment is very high. People tell stories how they saw Bitcoin but didn't buy for some obtuse reason, but they knew it was gonna be big. Others invent stories how they bought a lot, but lost it all unfortunately and can't provide any evidence to back up their claims and so on. It happens in each cycle.

That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast.

The sad part of reality is that most people are not ready or able to sacrifice these things, and because of that most people are struggling with their finances.

You mean also how it was critical to act 14 years ago when the first commercial quantum computer was sold? 

Precisely! When the cryptography is ready, then Bitcoin can and will be upgraded. Until then, there is nothing to do and panicking does help to advance quantum research. 

Exodus is a terrible wallet by a terrible shitcoin company, so I am not sure why this discussion is still ongoing. Monero is accepted where it matters, and for now it is not going anywhere. I agree with both of you.

It came down with the overall altcoin market, so the fact is moot. It only matters if XMR is moving more down than the main altcoins, which is not the case. It is outperforming almost every altcoin aside from new insider fads, but those are always temporary.

True, but I don't think the likelihood of that is good right now. If anything, I think we may get even more draconian anti piracy laws soon.

That's right! As soon as you start spending all the newly gotten gains, you are getting nowhere. You can always spend more money, there is no limit but that won't improve your life.

People sometimes confuse wasting money on things that are overpriced or not necessary as improvements to standard of living. These things are not the same. More permanent upgrades are what I would consider massive improvements to standard of living first. If you are paying rent, buying your own place would be a big step!

That is the beauty of Bitcoin right there. Whether you like or dislike someone or something it does not matter, it doesn't give you any power to prevent them from adopting Bitcoin. People can form opinions about this, but they are often worthless as this is one of the core features of Bitcoin. Buying Bitcoin does not give you power over it, regulating Bitcoin does not give you any power either. In fact, it has zero effect on Bitcoin itself. The price and rate of adoption are all externalizations, 1 Bitcoin remains 1 Bitcoin.

The ETFs and a more Bitcoin friendly government is helping this cause. The previous government in the USA was very corrupt and they were manipulating everything in a bad way. Trump is not perfect, but nothing and nobody is worse than the current democrats.

Of course it is impossible, unless you were being sarcastic. That shitcoin would just dilute the supply of the existing altcoins. It would not get anywhere.

Your odds are probably better in a traditional casino or trying to chase the lottery. Everything that was created in the last 5 to 10 years is a shitcoin. Bitcoin is different from every altcoin.

Day #14:

I thought I had more days to go, I always check my last post for the day and was surprised that I made it. 

The thing is, we are not debating here what is Bitcoin and how much better it is compared to altcoin. We want to discuss what this is going to have as an impact on people. People who get burned on all kinds of scams in altcoin land are likely to leave crypto altogether. Do you really think that the average person is aware just how different Bitcoin is compared to altcoins? No, of course not. The scams that are allowed to exist are hurting the whole industry and they have been slowing down adoption a lot. Countless people have been burned in the last cycle, and they are not coming back anytime soon. As you can see, Bitcoin is at ATH while retail sentiment is very low.

You are most mistaken. If the question is whether new investors can develop strong resolve relating to Bitcoin, then sure a minority of newcomers become committed holders. The number of people who HODL continues to grow with each cycle. If we are talking about overall people in crypto, the answer is a strong no. There are individual exceptions, but the overall trend is negative. Do you not see what is happening in altcoin land? Most people are split into 2 groups, bagholders who refuse to admit that they have made a mistake and their portfolio is dying along with the blockchain or token that they are invested in. The other group consists of people who have very little commitment and are jumping from narrative to narrative. The difference within this group lies only in the type of investment vehicle that they have chosen. For example, those that invest in layer 1 blockchains tend to require more time to switch to another compared to those that invested in meme tokens.

Day #13:

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These semantics are not relevant and not needed for most people. Usually what is referred to as price is the exchange rate, mostly these two things are used interchangeably by most of the people in crypto. I only see a minority using the term exchange rate these days.

Why do you keep posting? The title of the thread says something else.