2013 was way worse: the trading action happening is controlled by a single insider bot to artificially increase the price that isn't sustainable that resulted into the 2013 ATH, or the first known (or sensationalized) bitcoin bubble. Right now, I can say that the demand during the 2017 run isn't artificial, or isn't purely manipulated to be precise. Mind you, the power of FOMO has been proven countless times in numerous occasions, so you cannot simply say that everything was a manipulated turn of events. As for bitcoin's use case, many people see it more of an asset rather than a currency. It could be a viable currency with limitations, but right now it works excellent as an investment vehicle and people are surely taking advantage of this hype.

I wouldn't say 'feared' but rather 'sensationalized' since its popularity as an investment reaches even those people who don't know anything about investments at all. The crazy price spikes is what made bitcoin popular, or in this case, 'feared' as you might say it. True that the banks think that bitcoin is somehow getting popular that it needs its horns to cut before it does any serious damage to the banking industry, but the regular people looking for some opportunity to make some money don't care about this as long as they can cash out their success with bitcoin. The ones who are scared right now are probably the ones who started buying in when everything is insanely overpriced, which is $15000 and above.

Too much optimism is wrong and ignoring signs hinting towards a massive crash is also wrong. You can hold all you want, we don't care, but the numbers don't lie and it's there just waiting for you guys to make your next move. The smarter ones have pulled off their assets in the mean time yet the in-denial ones are still trying to make themselves believe that this is just another regular crash which isn't similar to the 2013 bubble. Oh dear, the massive craze about bitcoin has already died out, and the bears, I think, would be ruling the markets in the next coming months.

$6000 is today's psychological bottom, though what would happen next is completely unknown for most of us. Anyway, support is established @ $6000 at the moment of this writing, and several others @ $5500 and $4000 respectively. If these support levels were chomped by the constant selling pressure, then we'd likely find ourselves at the brink of $3000 or even lower. For now, most investors are surely being careful on what their next moves would be, seeing that there are no flashy buys or sells right now in the market, just that constant selling pressure from all directions. Another trip to $6000 seems to be very likely, though scary at the same time.

Every trader should learn how to adapt in the constant crazy volatility of the market as it happens very often. Traders who come here in the forum and whine about the 'crashes' are those who are too scared to change something into their approach in investing, oftentimes resulting into losses. Instead of whining about your loss, why not do something about it? Posting your sentiments in a public forum won't do your situation any good IMO, so there's really no point in posting such. While the smart traders are still cashing in during the downturns, the average whiny pricks are losing money because they don't want to do something about it.

Isn't the 'market price' of a certain commodity/asset is already a fair price in Economics, especially if it is dictated by supply and demand? So in this case, bitcoin's price is already fair, knowing that the price is just the manifestation of the overall supply and demand in the whole market. As for this people who don't want to buy in because they don't agree to the price, or think that it's too much for them, they always have the liberty to take their money elsewhere, and that's the beauty of a free market.

For the scaling concerns, the LN is the most recent take on the said problem. We can't count on it heavily yet until the final phases are done and could be tested in real-world scenarios. Scaling would always be a problem as more and more people would flock in and use bitcoin in the coming years--hopefully.


If this is the 'better' option, then why most of the money in the cryptospace are stocked in bitcoin? People who are investing in ICOs are those who are either involved in previous projects that turn out successful and are in search of a new gold mine. But for most newcomers, they'd just stick to what is already 'proven' in their books, so in this case they'd be buying into bitcoin. Many ICOs don't stand out and just die within a couple of weeks. Why risk it there if you are completely clueless on whether or not the project is good?

Uhhh, what?

I don't want to be that guy but here I am, being that guy.
Point 1: LN is, on paper, a great solution, but without any real-world applications yet, it's hard to bet hard on that seeing that there could be some major hiccups along the way. Point 2: bitcoin's regulations, compared to your traditional penny stocks and tangible assets, is full of shit and does not ensure any protection for the investor in the event of fraudulent activities and/or market manipulation. Point 3: no, the number of stores and services accepting bitcoins is still very low even with the publicity it has garnered.

Not hating bitcoin but you know, the 'reasons' that the article has given aren't really helping a potential investor to make up his/her mind at all. It's not even appealing to say the least, let alone believe that these are the very reasons why deep pockets are throwing their money in the crypto space.

Interesting as it may seem but it may not be getting any attention it needs. Nevertheless, this shows that the Russian government isn't really strict about cryptocurrencies being used in their country as long as it's legitimate. This could also create some kind of positive publicity if in case some people watching the said tourney would actually pay in bitcoins and for the promotion not to finish in vain.

The Olympics would also be a great event to get this crypto promotions up and running, as there'd be numerous people attending the saud event for sure.

I once asked a banker friend of mine why these banks charge an exorbitant amount of fee whenever someone wants to send money from point A to B. His answer? It's fast, reliable and there's nothing better around to do transfers just like what banks do. Then I asked him, if wire transfers are the 'ideal' way to send money to someone over distant places, then why do money remittance centers exist? He didn't know the answer, yet tried to change the topic at that moment. You see, in this time and age, there are lots of alternatives that could save you money without losing--or better yet, improving--the quality of service you'll be receiving. Remittance centers and bitcoins are great alternatives, and you aren't losing security, effuciency and reliability either, but you can save a lot of money. Why people still allow banks to scam them and complain is beyond me.

No one would buy into this, considering that there aren't enough explanations as to why would the price crash so hard. Drawing up lines and dots on a graph is easy and anyone can do that. However, explaining how would that illustration pan out is another. True that some investors are pulling out assets from crypto and bitcoin but that money isn't going anywhere better in the real time. Even stocks are in a bad shape, so why would they dump their money in there? $1000 is too surreal for a bear's imagination right now.

No matter how bad these banks do, or no natter how negative the news may seem, as long as you insert the word 'cryptocurrency' in there, the meaning would suddenly change especially to those who don't know what cryptocurrencies are. In this case, the headline is hinting towards crypto being the target but if you read carefully, it is the insecure nature of the banks' own systems that enables hackers to get the money and place it elsewhere. Most people nowadays only read the title/headline and don't bother to read deeper, leaving a distaste regarding cryptocurrencies and thinking that banks are still the way to go.

As was said by Satoshi Nakamoto himself, it's either bitcoin will end up valueless in the next 10 years or bitcoin will be widely used, so yes, there's still the tiniest possibility of bitcoin losing its value. However, it will be highly improbable for that to happen even in the next decade, given that huge firms and even the governments are now acknowledging bitcoin and cryptocurrencies in general. There's also a huge number of people who are now involved in the said free market and is getting bigger every day. You got to learn that short-tern trends don't define a certain asset's fate; you always got to look at the bigger picture.

Honestly, you don't need to know even the tiniest technical bit in order to get involved with crypto. If you're in here for the money (which most of us do), you only need to know the basic who, what, when, where, why and how of bitcoin. Other than that would be your choice if you'd pursue learning them. Next is to think first before throwing some cash on a certain coin. I know it's easy to see crazy gains from other people but believe me, most of them only lures you in their trap to take your money. It's also vital to not blindly trust anyone on any 'investing tips' as most of them already have a great position in the market and, at times are just waiting for someone to dump their bags to.

I don't think it'll be easy to breach $6000 given that there is a significant support established at the said price point. There's just too little incentive to push the price right now and no supporting news could make up for it as well. As I've said beofre in my previous posts, the next coming months would just be a push and pull scenario between the bears and the bulls, and no solid trend would be established during those months unless something significant happens along the way.

That's quite a task that you want to achieve considering that you have no programming experience whatsoever. It's hard to leave a task to a freelancer you don't completely know given that they could plant a dormant exploit on your code and hide a backdoor if it involves money. But anyways, if you want it to get done and you don't have the expertise to do so, they'd be your savior.

It is pretty easy to copy the codes and change some parts, but again it depends on how would you want to have your coin tailored since many changes could also mean a lot of time (and money) to be spent on your project. From the looks of it. this isn't a serious project at all, considering that you don't want to hire a full team of developers to work at such. Upon the creation of your token, you will have to mine it for yourself first and let everyone know that there is someone interested in mining it. You don't need the fastest internet in order to do mining, just a reliable and secure one. As for the machine you'll use to mine, it depends on what algorithm your token would be.

I'm not entirely familiar on how they create a new token/crypto but it does take a lot of work aside from hiring a relatively unknown developer. Good luck.

It could be on of the reserve mix, but due to its current volatility, it wouldn't be an effective one seeig that it could lose hundreds of dollars of its value in mere minutes/hours. Also, only a few countries would ever dare touch crypto as one of their reserves since it can't be used fully whenever there'd be an emergency or something needs to be bought as no one wants to receive them. All of these scenarios are hypothetical, though, andd it could still change over the course of time.

What kind of overpopulation? Frankly, I think that the more people holding the coins, the better, because it promotes better wealth distribution compared to a few businessmen and geeks just holding the coin. If you're talking about network congestion and a proper scaling solution, that is now in the works through LN which, hopefully, would help bitcoin scale when bitcoin goes big. Also, it wouldn't be a nice concept if an open-source code controls how many users can only hold coins.

Too soon to call it honestly, seeing that there isn't a definite trend created over the past few days even with the strings of good and bad news bombarding the crypto world. Even with the positive conclusion on crypto talks @ the G20 summit didn't secure a breach @ $9000 which everyone was hinting at. For now, there is some form of resistance standing @ $9000 that we cannot break just yet, so any further pushes might not be possible at the mean time and the game, as of now, is a stalemate.

It will happen as long as bitcoin is an open and unregulated market; everyone can do whatever the hell they do and form groups to create some form of disruption in the market. Watch things fall into peace when the government enters and gets aggressive on its regulations that places a watchful eye in the market. Some exchanges are trying to prohibit pump and dumps in their platforms and suspend the account of those they caught doing such thing. It's a start, though that effort isn't enough to completely stop that kind of trading scheme happening in the cryptomarket.

I call bullshit on this one. Mining would cease to exist however, if there is enough incentive for the mining operators to leave their machines running and process transactions in the network, there would still be some form of 'mining' though the reward would be the fees included in a block. All bitcoins wouldn't disappear; they would still exist in circulation as long as their owners have it with them. Try reading more about how mining works and maybe, just maybe, you'll stop spreading misinformation.

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As for bitcoins being antiquities, I doubt it will ever be used as such, though I can see it taking up a similar role like that of gold. If bitcoin proved to be successful and if everyone would be using it in the future, I don't see any reason why some hobbyists would just let it sit there, or why would they collect such since it only exists within the realms of the internet? If it's a failure, how would one store it if the network of computers that keep bitcoin alive don't exist?