Speculative it is, and almost everyone already knows that, that's why many people flocked together to trade bitcoins and other cryptos since the stakes are high and so are the rewards. If you are thinking of trading as your business, then you have to think twice. This kind of business approach is kinda shaky to its core; it will work but there are no assurances that you would, at the least get your investment. It's kinda sad though that almost everyone is regarding bitcoin as a form of money-making machine and have forgotten that the main purpose as to why Satoshi created it is to store value and send money effortlessly.

In the current state of matters, there aren't anything (really) that could spell a bullish move or any form of incentive for the traders to keep on buying. Add to that factor, the recent bombardment of negative news which discouraged new money to buy in even though the price is really dirt cheap and inviting. The previous bullish moves, IMO, were just bear traps and just waiting for the right time to be triggered in order to suck in more money from the weak hands. Well it was successful, and even though the selling pressure keeps on pouring on, a strong $7000 support is already in line in several exchanges waiting to receive the blows anytime.

Though the Japanese government has been perfectly fine with cryptocurrencies flourishing within their country, I doubt that the vote would unanimously be favoring crypto all throughout. The main talks would be about AML and KYC regulations, and it could stem out different other regulations that the participating representatives could think of, which could be beneficial for the users or would just disappoint us in the end. I hope the Japs would do their best to bring out fair regulations and present it nicely without the other countries nosing in for unfair taxation on crypto users' end. Whatever the result of the summit is, we'll learn in the next coming weeks.

I wouldn't be surprised if it stays in this level for a week or so. The overall market sentiment remains bearish and a lot of traders are still uncertain as to where this market would go. Though some Japanese big-time investors are bullish since the Mt. Gox coins (well, some of it) had already been sold for this month, still the negative impression still outweighs the positives. A string of regulation talks largely helps on getting the price down and so far, no bullish move had succeeded and the resistance still stands @ $11500. I wouldn't expect any rises from this week or the next coming weeks unless the G20 Summit turned out to be good for cryptos.

And that doesn't ring true especially if the coin offers little to no innovation on its own. I've came across several overpriced coins that didn't make it out in the multitude of useless coins in the altcoin market. First of all, these coins don't have any value in them since they are just a clone of another coin with little improvements embedded in them and the coin is an obvious money-grabber. Don't look at face value when choosing a coin to invest; there are lots of things to consider before getting involved in a certain coin.


Don't want to sound pessimistic on your POV but I beg to disagree on some parts.

• Bitcoin isn't getting decentralized day by day, instead, the constant shakeouts and selloffs only distribute the coins to a select few who has the money to churn those sell orders.
• While you still own and control your money in using bitcoins, several countries are inching towards taxing them, so even if you fully control the in and out of your money, the government would still like to have a fair share of your crypto pie.

Nevertheless, bitcoin is an innovative and disruptive tech that was invented to help the governments and the banks realize that we could always break free from their chains, if not totally replace their scummy system. What makes this invention so great is that it cannot be shut down by anyone no matter how hard they try; you need to disable a whole network of decentralized machines scattered all over the world. Time will tell whether this project is a success or not, and as of this day, it seems that everything is running smoothly despite a couple hiccups here and there.

No "experts" in the stock markets would admit that there is indeed a bubble going on in some of the stocks--particularly those that are tech-related (I'm looking at you, Tesla Motors). As one user pointed out, the stock markets have been on a run since 2011, and we all know that this is going to end nasty if this keeps up a little longer. IMO, Tesla would be receiving the heaviest blow once everything returns back to its normal pricing, together with Facebook once everyone realized that it isn't really worth it to hold on to its shares (and once almost everyone get tired of social media or move to newer platforms.)


Nah, they're busy painting a bad image for crypto to get the money flowing into their stocks, but unfortunately it isn't happening.

While it is true that you can track the address of the one who scammed you but the question is how far would you be able to do so? Scammers would still be able to utilize mixers and similar service/ways to get rid of the taint on their coins. After that's done, it would be quite improbable for someone to know where the coins will land.



Hence the word pseudo-anonymous. By using bitcoins, you are only anonymous to a certain extent. And once you have registered to an exchange for your trading schemes and have withdrawn, you already have left a taint on your coins if you weren't smart enough to block off your path.

The price is dictated heavily by supply and demand, and you are not missing something out but just a little confused on how it works.

If supply outweighs demand, the scenario usually is that the price will be a little low, as there is no one buying the available supply in the market.
If demand outweighs supply, the price is up because there is a huge number of people wanting to buy a limited supply of goods, and practically everyone would buy the cheapest good first up until the price builds up well.

There aren't any hocus pocus on how the price works. There are other factors that affect bitcoin's price but when you look at it closely, it still leads to supply and demand.

If you aren't versed in shorting or trading against the tide then don't do it, otherwise you're just giving them your coins in the process. Most of the time, people are getting burned far harder than their losses is because they try to recover what's lost during a selloff while other traders just sit still and buy when the bottom is clearly drawn. Also, these gurus you refer to are probably enjoying the cheap coins they're getting from the panic sellers that's why they haven't made any concrete predictions as of late.

Apparently there are still too many newbies being baited by these small ads on the sites you mentioned. This is also to ensure that scam sites wouldn't flourish and that people wouldn't have any word from such even if it also affects the legitimate ones. If there's anything I could make out of this move by these sites, it is to help crypto in general to mature and to lessen that amount of people investing their money at the wrong place and giving the owner of these scam services/sites their money easily. Admit it, the crypto world is plagued by wannabes trying to make some money by creating these ponzi schemes/sites. Ponzi schemes outweigh legitimate services' appearance on the ads Google and others are showing to their site so this is probably a good move that has positive long-term effects.

It would boil down on how are you managing your properties/money. If the government sees that you were able to bought multi-million properties but have declared your income/gains per year at significantly lower amount, then they would have to investigate where were you getting your funds. From where I live, we aren't required to pay taxes from crypto gains, but because I know and I feel that the government would somehow question where am I getting my funds from, even if I have my own business set, I still declared my crypto holdings as a form of an asset just so I'd be safe.

But not everyone shares the same morals as you, unfortunately. There are early adopters that made it big and only want to earn more without thinking of the reason why they were here back in the days. Some formed other factions and created their own version of bitcoin because it is what they think should be the state of the project, and not because of what everyone thinks it should be. No matter what happens, even if the devs abandoned the project for money, it would still thrive given that bitcoin is open-source.

Blockchain tech would largely contribute on the field of automation in handling and processing public records efficiently, which IMO would help their government spend less in just processing and sorting through their own systems. It would also mean a secure, tamper-proof system if the integration is done perfectly as public records are easily altered in developing countries hence why corruption is evident. There are lots of things which blockchain could help any developing countries, but the most important and simplest application is through their public records.

If btc broke $6000, for sure a lot of panic sellers would immediately sell all their coins without hesitation thinking that their loss is already great, while the whales who are waiting for the opportunity would chomp all of their sell orders gladly. While the scenario could happen, I can't see it occurring sooner given that there are already major supports standing @ $7800 and $7500, with the hard support @ $7000. If there would be a series of negative news all over, together with the Gox trustee that silently dumped coins, then $6000 may be lurking just around the corner.

This is actually a post worth noting.

We may have found a new way to separate ourselves from the banks' control and oppression, but have we really found a way to at least bridge the gap in terms of wealth distribution? I've also wondered, yes, we are slowly inching away from a not-so-perfect system, but what we've thought as a "revolution" and "change" is just another sad story reaching the same destination of failure. The whitepaper seem to be righteous at first read, but after you've learned that there are still fiat-like manifestations retained even after we've created a completely different system, you still end up questioning why are we still running in the same circle?

Bitcoin's main goal is to give the people their power to be their own bank, but if these personal banks' assets can be controlled but a select few, then what's the point?

If I find myself on such a difficult scenario, I won't panic and try to see if the investment I have has the tendency to bounce back no matter how bad the price is at the current times. Next is I'd take a risk to try and average down my investment to see whether I'd make it out even or I can still make a profit. It's a huge risk, but again if the asset I'm holding at right now has a high tendency to bounce back, then it's a risk worth taking. You can always sell at a loss, though I think only impatient people do that to their money, lol.

There are tons of differences between the two, however the most commonly used examples are:

● Stock markets and crypto exchanges are both regulated, though the latter is a loosely-regulated one. KYC and AML regulations are what's commonly imposed on crypto exchanges.

● It is illegal in the stock market to do pump and dumps while in crypto, you are free to do so only if your exchange doesn't prohibit such activities. While it is illegal in the stock market to do pump and dumps, it doesn't meant that these things aren't occurring in that market.

● Trading signals works best at stock markets as if every trader knows what direction the price would take whereas in crypto exchanges/markets, coins/assets usually defy and ignore these trading signals, but traders still use it as a guideline however.

Just your typical day at the crypto trading office, especially that rumors are spreading like wildfire and the negative impression magnified by the bears by putting a huge selling pressure as an icing on the cake. The G20 summit is the highlight of the week, with traders speculating at what would happen in the event and what would be its effect and implications in bitcoin and crypto in general. Naturally, traders will close their positions first and wait for the said event/s to conclude before making their move, and that's what's happening right now. If the summit ended up favoring crypto but with stricter yet fair regulations, that's a win-win. If not, then we all know what would happen next.

Aside from being bitcoin's testing ground, cryptocurrencies also serve as another asset that can be traded by the people if they think bitcoin would take a turn downwards. Some traders buy bitcoin first then buy crypto afterwards to make money, only for that money to return to bitcoin in a much higher amount. This also helps bitcoin's price to push upward if those profits from crypto go straight towards bitcoin. Usually it does, but some traders like to take a chance on their profits and explore other cryptos but ultimately, the money will still end towards bitcoin since it has the most proven track record of giving profits to its investors/traders in the last few years or so. Everyone would love a share of that bitcoin profit pie.

I may sound a little bias but charts and history would tell you otherwise: bitcoin. Of all the coins, bitcoin has the highest potential to bounce back higher even if it hits a solid, hard bottom. This is so because there are millions of people all over the world who are trading this assets back and forth and believes that the coin has a huge profit potential if they just trade it normally despite lots of crashes. Also, based on the opinions I've read in this forum on what do people usually do when crashes occur, they all just hold or buy more to average their buys, meaning that it's not purely selloffs happening when there's a crash; smart traders are buying in whenever the price is taking a beating.