What's your definition of "hacked" ---------------------------------------- The Bitcoin software was never hacked There was a bug in the early version/implementation when literally a bitcoin was worth pennies or less than a penny Satoshi himself deployed the new version that fixed the bug The bug was never exploited by anyone The Bitcoin software that had the bug never became a network. No one was running it. Everyone switched to the new Satoshi Bitcoin software ---------------------------------------------- So, please tell us how you define "hacked" in this particular instance that you speak of?
I have friends from work who I literally shilled the hell out of trying to get them to buy Bitcoin in 2013-2016, when a btc was worth less than $500 And now they say I was so lucky to buy btc a long time ago and wished they did also so they can quit their jobs like I did
Nothing wrong with taking some profits, it's called "risk management". The worst you can do is being some "Michael Saylor gambler copycat" -> all in with leverage + praying = to the moon OR to the homeless shelter.
It was an obvious psyop from a person who has no idea how to manage a large sum of money If someone is single and living at their parents house, sure 100% hodl, or has a job/income, it's possible to 100% hodl all the crypto asset investments But if someone has over 6 figures or 7 figures $ worth of crypto assets and wants to de-risk especially if quitting a job and has a family, it's wise to sell some not all crypto asset investments
Not really true. BTC's price doesn't depend on its use in transactions or payments, but rather whether people and institutions are willing to hold it as a savings / investment asset. How much desire is there to hold a zero-yielding "inflation/disaster hedge" savings asset? The value of all gold held worldwide is in the range of $10trn-$15trn, around 8 to 10 times the current crypto market cap. So, an extreme upper limit to BTC's price might be something like $400k. In practice I think the reservation demand for crypto will only converge with that of gold over a period of many years - if said convergence happens at all. Price targets in the seven figures per BTC are just pure fantasy, unless the USD experiences a catastrophic hyperinflation.
could not care less and not defending anything. Once again John also confirmed that bug was exploited, code was changed and forked. It can happen again for any reason including increasing max supply.