The crypto cult is still going hard, i am sure its gonna bounceback. Some people just hopelessly throw money at it lol

same

I think you might wanna get ready for more disappointment, say maybe two or three years from now

Bitcoin has an inbuilt mechanism to make it exponentially harder to mine. That means the labor value to mine it will keep growing and that sets an ever increasing minimum price floor on the currency.

Is this a sensible way of making a currency? Hell no. Does this mean that bitcoin invesment as an asset will continue to endure for more years? Yes.

The only thing that could feasibly crash the bitcoin market is if most bitcoin users and miners move to a more sensible crypto that is designed for transactions and not investment.

Quantum computing will eventually make specifically Bitcoin worthless. Eth at least gets upgrades, so it might survive.

Sadly? bitcoin miners are using ASICs and other cryptos are using proof of stake so don't get your hopes up.

1. This is a great and important use case. Fuck sanctions
2. As yes, fuck everyone (like me) that isn't allowed to get medicine from above board channels (this 1000 times more common than silly things like paying for hitmen or organs. If you are buying hitmen or organs on the Internet 99% of the time it is fake)

paying for criminal activities, like hitmen, organs, drugs

Paying for criminal activities does not necessarily only include spy movie shenanigans. Lots os banned pharmaceuticals are sold through crypto, including abortion pills and HRT hormones. I doubt we're ever going to agree on sanctions, but hopefully we can still find a middle ground on people getting access to necessary pharmaceuticals in countries that ban them, even if it is a crime.

Though to be fair most of that is done on more stable and cheaper currencies like Montero.