I wouldn't say I made the mistake of not investing much more a few years back, mainly for not having a stable income to be able to do so. I am glad that I at least got exposed to the concept and various platforms to invest and understand a thing or two about it.

A mistake I made was not monitoring my portfolio with due diligence and I have lost quite a bit from errors adding up. I did not really track all my investments properly in one place, as such I let a few investments slip my mind, and some turned out poorly over the years - which could have been avoided with close monitoring. Fees and ease of accessibility was also a problem for me when I first started out, which will also vary depending on your location.

I think investing in your career and goals come first, then investing a side portion of a stable income can run alongside you.

When Bitcoin was starting out I also thought it would be great if more physical and online stores can accept crypto as a form of payment. Now? It really doesn't make sense to me why businesses wouldn't opt for their country's safer and official payment services for security reasons.

The only way I see why E-shopping sites would ever consider crypto were if somehow, using crypto allows for faster transactions with less fees. Which could happen for international E-shopping services for non-refundable e-commerce products I suppose. Volatility of crypto is less of an issue in my opinion.

Do you remember that time back in 2020 when ETH prices were below $500, and then just a year later it almost broke $4500? That time DeFi, staking, and NFTs were hugeee and really took the world's attention. I believe that was ETH's hottest run to overtake BTC in terms of growth and popularity, with altcoins like Compound and Aave doing really well.

Fast forward to now most altcoins did not survive, though recent ETH and some altcoins like Aave are doing better, due to constant innovations. (Aave V4 is under development currently, can read up more on their blog)


The first mover advantage is true, since the branding is too strong and BTC will likely be the new crypto investor's first stop. However, the thing about BTC not adopting any needed utility is kind of by design. Bitcoin is just meant to be as it is, that's why we saw ETH and its related new projects.

To answer your question, I do think that utility is a critical criteria to consider, and if somehow in the future where new technology gives the common people a good enough reason to consume ETH related projects, I think BTC can be flipped by ETH.

This might very well happen but personally, I feel that this would once again shed light on Bitcoin to the global stage, and newer laws and crypto regulations may be imposed. Surely the government would want to have some sort of control over such a big digital currency (at least for the larger organizations dealing with business for less anonymity - the irony), and this could slow down its progress, depending on how large the effect is.

Just my 17 satoshis (as of today), I feel that Bitcoin would go through yet another wave of scrutinization, slowing down the climb, but we shall see.

This. I fully agree with this, I had quite a bit of crypto back when the price shot past 60k and yet I held on to all of it, being greedy and thinking it would just be an uphill, slow and steady climb where I can set the coins aside and check back again in years. Before I knew it the price crashed and I sold a few, invested in a few sites and apps that would turn out to be bad decisions due to unforeseen fees, and I'm sure I have even forgot where some of them when to. Got into ETH too and I still have some which were used for staking back then, but now the gas fees are ridiculous at around $100USD for even a single transaction.

If you've made some reasonable profit, why not sell some of it and reap the rewards?

I feel like we have been saying this for years, how bitcoin will revolutionize the world and how bitcoin will be more commonly used and yet I feel that nothing much has changed. What do you think should be the purpose of bitcoin? Should it revolutionized as an asset or a currency? Bitcoin can never be used without a third party service or high transaction fees for our day-to-day transactions. As an asset/investment seems more feasible but why create chaos if you are just getting bitcoin for personal and private reasons? Doing so will only attract unwanted attention and the government may impose additional laws against this idea.

I don't think a website with a faucet on its own can bring enough traffic for decent revenue. Sure, the owner can adjust the payout so that they will always have substantial profit from ad revenue after user payouts but nowadays who even clicks through faucet sites? 10 years ago you can find faucets paying 500-3000 satoshis per hour and per captcha with a low withdrawal fee with help from a central online wallet like microwallet that has shut down. Now sites give single digit satoshis per claim and requires thousands of claims to reach the threshold and cover the transaction fee. Sad to say the days of micro faucets are past, at least for BTC. Altcoins may still be viable but the audience will be too small to justify your project.

Maybe that may explain SpaceX cashing out on $373M worth of BTC, or they could have been part of the reason why. Price dropped to a low of 25,300 and is now at 26,400 but given such a large dump, perhaps the price will continue to fall as others follow suit and panic sell. If you look at the unaudited balance sheet of Tesla, they still have about $184M of BTC left after selling close to a billion worth on BTC in 2022. I wonder if Elon is moving away from crypto as an asset or if there's another reason behind it.