I am not an avid investor. I invest small amounts now and than in bitcoin, and intend to not to touch my investment atleast this decade. I hope by then it will grow to a respectable sum.
 --
I believe soon bitcoin will rise and shoot to the stars..
Waiting for that to happen.

Comparing gold with Bitcoin always puts Gold in a very bad place. The most heavy argument by defenders of Gold is that it exists thousands of years ago. That's not something small but there is a reality:

1) Nobody knows how much gold (really) there is already mined in the world
2) No one knows how much gold is (really) mined each year in the world
3) No one knows how much gold (really) remains to be mined in the world
The answers to questions 1,2 and 3 for Bitcoin are yes.

Aside from the scarcity issue, which is objectively much better for BTC, Bitcoin is much more easily divisible, transportable, storable, and verifiable.

I don't have any doubt that Bitcoin will overtake gold in market cap in the next few years (not that many..)

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC

To conclude. All that positive talk about crypto, that you read or hear on social and legacy media, is just a false narrative. And it has one purpose, and one purpose only: to lure new victims into the crypto systems, so that their creators, or existing investors, can run out of them, and make as much profit as possible. Of course, crypto systems are very profitable for the brokers, who earn on commissions, governments, who collect taxes, and others who sell materials related to crypto industry. None of them don’t really care whether the crypto units are worthless, nor are motivated to talk negative about crypto. But ultimately, the holders of those worthless units will be left holding the bag. All the others will move on to another profit hunting ground.

Source: https://ustbtc.wordpress.com/

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Bitcoin was supposed to be here for our survival. Now it is becoming just a digital number on a computer screen that never had any value all along.

What am I missing here?

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.

What is the Reason the BTC Transactions are Still slow.  And Even that expensive also.
Bnb and xrp Nice cheap and smooth.

And ETH is Not cheap to send but at least its fast.
But erc 20 tokens...  Like USDT its stupid and insane how high are fees!! 

What is the Main Reason the BTC creators Can't fix that Old stupid problem? 
I m Kind of person I Want quality of everything. 
And no time for bs.

Maybe the buterin and binance owner Can teach satoshi and garlinghouse how to make Better coin in terms of speed!!

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

With its value , people thinks bitcoin is mainly a financial thing . But REALISTICALLY, it is a network security that is govern by thousand of decentralized miners. It is a pretty hard and expensive to hack a system like that.

Firstly, please fix your quotations. You're doing your best to make your posts look smart and can't even place proper code tags.

Secondly, you're in denial. When you first read about Bitcoin it looked like a scam to you, so you tried hard to prove it is a scam, while it was growing and becoming more popular, but then you thought to yourself: it's too late to change my mind now, I'll keep going, it can't be real. Now you're stuck in this awkward situation where famous people are investing in Bitcoin and you're that grumpy guy in the corner who refuses to join the party or leave and find other entertainment. Instead, you're standing there alone, mumbling: you're all stupid, you'll all lose, I'm the only one who sees through it all.  

Thirdly, who is scamming here? It's a free market where people are free to buy and sell at any point. Ask people who bought a month ago and sold this week if they feel scammed. Ask people who bought a year ago if they feel scammed, ask people who bought 3 years ago if they feel scammed... I could go on.

Are you still trying to convince someone of your vain philosophies that you started spreading in 2018 on the forum? I can only say that you did not succeed then, and the same will happen now - I would certainly put you in the group of those who missed the opportunity to invest cheaply in BTC, and now you are very sorry that some others managed to do just that. To conclude, you write the same nonsense as three years ago - in fact only in a slightly modified form.


Yeah, I was indeed one of the early ones who understood how BTC really works. And yes, I won´t "succeed" as if you all somehow converted into skeptics As a critical thinker, I try to write more relevant things and leave out the less relevant. At the moment I answered his arguments, can´t see why you copy me back my other statements... As if anyone could ever cover EVERY aspect in one post...

Me personally... I have not bought a single coin, neither I am not sorry for anything. Just the part of my braid that does the math, works and cries out loud. Not because some of you scam a lot of money out of simpleminded, but because of these BS of arguments, that so many people buy. World is really a stupid place as an average.

With more and more influential people and companies getting involved with Bitcoin there's been a lot of talks about the crypto world among regular people, to whom Bitcoin is still something new and unknown.

As you might expect, many of these people believe that Bitcoin and all other cryptocurrencies will not benefit the economy, but rather only make it worse, and many are convinced that Bitcoin is yet another pyramid. And what upsets me the most is that among these people are economists, financial advisors, they should know better, than that...

So how do I prove them wrong?

Though I'm not a professional economist, still I've come up with some arguments as to why Bitcoin ISN'T a financial pyramid:

1. There's no single beneficiary
In financial pyramids, there's always someone, an organization, or a group of people who benefit from peoples' investments. Who benefits from Bitcoin? Anyone can become that person if he/she invests enough money, there's no one, who controls it.

However, a friend of mine argued that there are people, who benefit: electric companies from large energy consumption due to mining and the companies that develop and sell the miners.

But that's just crazy, to believe in that we'd have to assume that they're all in collusion.

2. There's no need for new recruitment
That's probably my favorite. The main reason why financial pyramids survive is that they constantly recruit new customers. Without that - the pyramid falls.
But there's absolutely no need to recruit new people for Bitcoin to function, am I right? Without new users, there'll be just redistribution of what there is among the current users, txns will still be going and the miners will have work to do. So there's no required amount of users for Bitcoin to function like there is in the pyramid. I see no potential flaws here.

3. There are no promises
In financial pyramids, it is common that an organization lures people in by promising that they can easily "turn $100 into $1000", for instance. There's no such thing with Bitcoin. Yes, there's a potential for it to grow, you can make money out of it, but there's also a potential for it to drop, everyone invests knowing this can happen and sometimes it does happen, we go in here being aware of the risks.

That's about it.

Also, one thing that people keep telling me and get me cornered with is that there's no actual value behind Bitcoin. And that the economy can't function like that. Making Bitcoin only requires resources (e.g. energy, machines), but Bitcoin doesn't give anything in return. They say that behind the fiat there's an actual value, which is why we can avoid inflation: precious metals, country resources, plus it is fixed to the GDP, which is why the economy can be stabilized.
Without that - fiat is just paper. And while Bitcoin has nothing like that fixed to its price - it is also nothing.
They say you can't just "create" money out of nowhere. The only way Bitcoin can function as a part of the economical system - is if we replace the fiat with it. What can you say about that? Sounds reasonable, but I'm not a specialist. Is that really true?

Don't hesitate to point out if I'm wrong somewhere, it'll help a lot. Also, it would be very helpful if some of you could come up with more arguments, proving that Bitcoin isn't a financial pyramid.

I know it isn't and I also want other people to know that it isn't, and for that, I need as many arguments as possible.

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

If you look back at 2017 pump it was average users like us who got the benefit of bull run as Bitcoin was easily affordable before the bullrun hence a good portion of users had bitcoin in their portfolio as there were not that much altcoins available in the market. But this year who has gained more ? Is it average users or else institutions and traders who made most of it? I think it's trader's who bought at cheap and sold at high because institutions are yet to cashoutm what do you all think?

Hi Everyone,

Many newcomers in the space will probably be asking about Proof of Work and how Bitcoin secures the network. I wanted to put together an article to explain these concepts.

Proof of Work Explained

Let me know if I missed anything! Can't wait to hear what you guys think.