I don't think so.
as a matter of fact I do believe that Libra can in some cases even cause bitcoin price to drop because I am sure that Facebook, knowing their shitcoin has no real future, will try to spread FUD about bitcoin and even do things against it and prevent its adoption. they may even fund spam attacks and other types of attacks against bitcoin to prevent bitcoin's growth with a healthy network knowing bitcoin's growth is their death. and we all know they have billions to spare for this project.

and my condolences to all of those who have been waiting still for a massive drop and some of them waiting for low prices such as $1000 to be reached. I hope that they learn from this experience they have gotten this year and in the future have a much better understanding of the bitcoin market and the community that spreads bad suggestions most of the times.

it has always been like this though. these news sites usually use the news from countries like this which people don't really bother to check what is really going on or don't know who actually made the statement or what it was about. like the Russia which was in the news nearly every day a couple of years ago. some random dude made a statement and news sites started saying Russia banned bitcoin.
US equivalent of it would be if when Jaime Dimon said bitcoin is fraud the news sites said US banned bitcoin and would imprison anybody using it as a fraudster

closed source, private blockchain and in one word centralized coins don't have to be pegged to anything. the company that owns them decides their prices and if they say it is worth $X then it will be worth $X without needing anything else.
it is like arguing how is PayPal a stable coin! they take your dollars and give you equivalent in PayPal tokens on their centralized database. that is exactly what Facebook coin will do.

I find it easier to talk about what is not different between bitcoin and libra rather than talking about differences because nearly everything about the two is different. from centralization to closed blockchain nature of libra.
so the only similarity the two have is one thing in my opinion and it is the fact that they are both based on cryptography! and similarity ends there because I am not so sure if we can call it "blockchain technology" either.

there is no pump since it is bitcoin not some altcoin to get pumped.
this rise however is the same bull run that started months ago when we broke out of $3k range and started this whole rally. and main reason for it like always is the increase of adoption.



no you don't, you just want to advertise your website, I bet you won't even read any of the replies

the least risky strategy to sell in order to maximize the profit is to sell inside bubbles, the bigger the bubble the lower the risk. for example the bubble of 2 years ago at $20k was the excellent time to sell. the problem is in detecting the bubbles.

it is hard but there are many indicators for them. the obvious one is the fast rise in the shortest amount of time. if you look at the 2017 bubble, the rise from $10k to $20k took less than a month. and a 100% rise in such a short time after a whole year of bull runs is a guaranteed bubble. the "after" part is important because there are other times that we have nearly the same rise (like this year) but since it is not after any bull run and it is instead after a huge bear market and a gigantic drop, the 100%+ rise is considered small!

the choice of the "number" you sell at is also hard too. this is where lack of greed can help a lot. greedy people keep waiting for more profit no matter how much profit they are in. but someone who is putting his greed aside can make better decisions. take a certain % profit and be satisfied with that.

also just like buying, selling doesn't have to be a one time thing with all the coins in one order pressing the big red button saying "dump". it can be incremental too.

it will come down to your choice of the market!
if your choice is the bitcoin market then you are correct, with experience and some time you can make better profit trading bitcoin at some points but investing in it is still very profitable. for example this year alone price has gone up nearly 200% only in 6 months!!!
but if the choice is the altcoin market then you are out of luck because although experience helps a lot but it won't be enough to help you make easy profit since the altcoin market is completely manipulated.

I for one have always had this idea that whenever enough people speculate something with technical analysis or otherwise then the market shapes based on their speculation. for example you can look at the halving events. each time people expect rises so they start buying with a frenzy and cause the spikes. but that is not something that happens that often.
so when it comes to small movements like this and more importantly when we are already on a certain trend (rising up in this case) the price is on the move whether TA of investors tell them this or not. so you can't call that the "cause of the rise".

lol. what a nonsense argument. it is like saying if it starts raining then there will be a tsunami and we all drown! just because price reaches $100k it doesn't mean it will also reach 10 times that to $1 million. don't get me wrong I do believe in $1 million price for bitcoin some day but it won't be any time soon (not until mass adoption) and it won't be just because we reached a high price like $100k.
McAfee is just trying to gain more attention again, probably because the money he scammed people during 2017 shitcoin pumps and ICO advertisements that he was involved in, is running out.

this "move" is only good as long as it is implemented and then enforced correction so that it doesn't turn into a restriction on regular users rather than regulations to prevent criminal activities. not to mention that those who plan on launder money or do anything illegal in that category are going to find their way to do it through different channels specially with anon coins so in the end it will end up restricting and bothering the majority which are the regular users.

you don't really need analysis to predict that. it is like being in earlier this year and saying price will drop after hitting $4k! which was the obvious case since that level was the resistance of that time. and now $10k is the exact same thing. we will see price play around below that for a while and hit $9.5 to $10.2k a couple of times before the FOMO kicks in and we shoot up much higher.

the only thing that this new Facebook crap is proving is that blockchain technology has turned into a buzzword that everyone uses whenever they want to make a ton of money in short term and deliver a complete garbage to the users.

it would be good to see that. I think so far the only case I have heard of has been Venezuela that they did it because they were creating their own government coin!

first of all there is a difference between "bag holding" and a "long term investment" and "short term trading" these are three different approaches towards the market that should not be  confused with each other and each of them can have a different outcome.

for starters making profit doesn't depend on what you do, it depends on how you do it based on your experience. if you have none, then no matter what you do, you will lose money.

a "bag holder" is someone who usually buys some crap and waits until eternity to make profit. they usually lose 90% of their investment before selling and getting out because they always buy "crap".
a "short term trader" or day trader is someone who rides the fluctuations. this can be very profitable but at the same time it is very risky due to the unpredictability of this market and the high level of manipulation specially in altcoins but if you learn how to for example take advantage of the altcoin pumps, you will be able to  make a ton of money.
an "investor" however is someone who doesn't want to take the risks of trading like losing money to a shitcoin dump. or lose money to an exchange scamming him so he chooses a good asset with a lot of potential for long term and buys that. like those who are buying bitcoin. the key is to find that potential.

in the end you should decide which group you want to be a part of and which one of them YOU can do best to make most profit.

the problem is not having a good trading plan because of lack of experience so you don't know what to do under different circumstances. the solution is to gain experience by watching the market and analyzing the charts and the movements that we had so far and we are having every day so that you can get a feeling of how the market works, how much unpredictability is involved in it and how to trade. specially when you enter altcoin trading you must make sure to check the charts and try to see the pump and dumps instead of just listening to the hypes that others give you.

so when you say "I have a bad habit of wanting to jump into a trade as soon as I start my session, instead of waiting for the best trade to take" it is because you don't have a plan. for example you should first set some conditions for your entry in an altcoin before jumping in it. conditions like the pumping conditions that are ongoing like the increased volume and the chatter of the pumpers trying hard to pump that shitcoin.

I disagree. if too many people were bearish then the price would have fallen already. people say they are bearish and wish for the price to fall but they do NOT sell. bearish people sell. don't look at shorts, they are mostly from newbies who are gambling in the market not traders. and gamblers are always making lots of bets like this and they don't affect the market. the only ones that affect the market are those participating in it with their sales and buys not bets.

hold your horses... let us first break the first major resistance at $10k and start targeting the previous ATH before coming up with new ATH predictions not to mention that it is impossible to predict them since by the time we are seeing a new record there is such as surge and lots of money flowing in that the resistance is practically nonexistent so price can stop at any level. just like the $20k was unpredictable.

when it comes to investment you should have a plan and then stick to that plan disregarding emotions and FOMO and anything else like it. for investing in bitcoin the best strategy that I have experience and I think is more suitable to most others too is to buy incrementally and whenever you have extra money that you can afford to lose and don't mind investing it in something that has a good future in the long term. that way you can take smaller risks while still accumulating bitcoin.

note that this is only working for when you want to invest in bitcoin not day trade bitcoin to make fiat profit. you can not use one strategy for the other because they don't match.

not to mention that most of the world has already accepted bitcoin. and despite what some people thing the world is not limited to the city they live in with the government they have. the world is so much bigger than that and contains hundreds of countries each with a different government and many of them have already accepted bitcoin one way or another.

this can't be the reason, at least not the only one or the biggest one.
simply because there are already other big companies that have adopted bitcoin. for example Microsoft has been accepting bitcoin payments for many years now! if there was any fear of lack of regulations then others would have also been worried.

Facebook is not exploring blockchain technology. facebook is exploring ways of making more money from a hyped up situation. what they created is no different than a bank or any of the online processors such as Paypal.